THE ROYAL NUMISMATIC SOCIETY INDEPENDENTLY EXAMINED FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 {Regisl¢red Charity No. 221850)
PAGE I THE ROYAL NUMISMATIC SOCIETY coNrENTS Pa Trustee5 Rcport 24 Independent Examiner's RetK)rt Sialemenl of Financial Activities Balance Sheet Notes lo the AcLounls 9-17
THE ROYAL NUMISMATIC SOCIETY PAGE 2 REPORT OF THE TRUSTEES FOR THE YEAR ENDF.D 31 DECEMBER 2024 The Royal Numismatic Society was founded in 1836 under the name of The Numismaltc Society of tAJndoll, rccciving Royal Charter in 1904 (no. RCIXKJ509), since whcn it has bccn called The Royal Numismali¢ Society. It is ¥overned by its Bylaws. It is a registered charily {no. 221850). Thc S(Kicty is cstablished for ihe purpose of encouraging Ihe study of the coinage of all ¢ounlries and ils hisiory. Thc trustees of ihe Sociely for the year eftded 31 December 2024 were ihe otTicers and members of Council: President.. Martin Allen VILC Presidents.. Matthew Ball and Megan Gooch 14onorary Vice Prcsidents.. Roger Bland (from OcloiKrl. Andrew Burnell (until June) at]d Joe Cribb ScLrctary: Andrew Brown Treasurer: Paul Hill Librarian: Bradley Shepherd Members.. Shailendra Fjhandare (until Jun¢} lan d'Alton Robert Bracey {from October) Shreya Gupla Lucy Moore Courtney Nimura Jol)anne Porter Mafalda Raposo c.larc Rowan (editor, Niinii.Fmafic Chronicle) Marg?uerite Spoerri Butcher Eisuko Zakoji The Society nornially holds meetings on the ihird Monday or Tuesday of each monih. from January lo June and Oclobcr to December. at whi¢h subsianlive papers are read. The January, March. April. May and June me¢iin&¥s of the Society wcrc lil the Society of Antiquaries: lh¢ Ociober and December meetin¥s werc at the Royal Asiatic So¢i¢ly- and Ihc February and Novetnber meelin&¥s w¢r¢ h¢ld over 7oom. Council mel on Z in February. April, Jun¢ and O¥lober, and in person at the Royal Asialic Socidy in tkcanber. The Presideni is electcd at ark AGM. for a p¢rii)d of up to five yea. All other Officers and member5 of Council are ele¢t¢d al an A(iM for a period ofone year. Following the AGM al the Junc ordinary meeting. Andrew Burnett retired as Honorary Vice Presidcnl, and Rogcr Bland was elected as Honorary Vice Presidcnt from October. Shailendra Bhandare relired as an ordinary member of Council in June, and Robert Bracey was elected as an ordinary member ofcouncil from Ikiob¢r. The regislercd address of the charity is clo Dept. of Coins and Medals, British Museum, tATrndon WC I B 3DG. The Society's activitics are governed by its Charter and By¢laws, and Regulation5. Thc Society'5 Bye-Laws were lasl r¢vis¢d in 2019. The Society publishes Tlie Niiniismalic Chroiiicle cach year. which is distribuied free lo Fellows. Copies arc a150 availablc for sale lo the gieneral public and Spink & Son Limilcd di51ribule them and Special Publicalions on behalf of the Socicty. A digilal newsl¢tier is publishd eighi timcs a ycar bcforc each meeting. Fellows also re¢eive the Money & Medals Newsleiigr by email.
THE ROYAL NUMISMATIC SOCIETY PAGE 3 REPORT OF THE TRUSTEES FOR THE YEAR ENDF.D 31 DECEMBER 2024 (conlinued) The Society also produces a series of Special Publicalions. We are now working on laUni Bricault and Cristian Mondello, JsiJ Mf)nc'ta. The 'Vola Piibli£'a iokensfroni laie rtllli4iie Rome. n SJlli)ge oflsluniic Cnins iii ilie Israel Miise£im, and Mvliillurgv ipi Niinii.¥malic5 7, ediicd by Matthew Ponting. as well as a volume on the coinage of Ptolemai¢ Lycia by Omar Tatar. We have also accwed a volume edited by Kevin Butcher on coinage of ihe late Hellenistic ai)d Roman Republican periods, and are in discussions aboui Hisiuria Niinimoruni Sic'ily. The Society holds a substantial Library, jointly wilh ihe British Numismati¢ Society, hous¢d al The Warburg Insliluie in Woburn Square. London. Under ihe iemis of an agrecmcnt signed in 2019 the Inanagemenl of the Library is in the hands of Ihc Warburg Institute while ihe iwo socieiies retain ownership of the books. The Warburg Insiitule's mulii-year refurbishment has been completed and Ihe Library is now located in the basement of the Institut¢. The Library is open lo mcinbL'rs on Monday lo Saturdays. excepi public holidays. In 2024 the Society administered thirteen Granl and Prize fund5-, using money donated lo ihe S(letY for specific purposcs. Prom these tunds, grdnls and prizes ioiallinby £17,390 were awarded io individuals and organisalions. Seven funds {IAJwick, Archibald. Price, Kreitman, CNG, Casey and Barrdi) ¥ave grdnls.. the Marshall Fund supported eduLali()nal Purposes: the Linecar Fund supported Èhe Brilish AssoL'iation of Numismalic Societies ¢onf¢ren¢e,' and Parkes Weber, l.hotka. Gilljam and Sliamma Funds gave prizes. The SoL'ieiy is a member of ihe Inlernaiional Numisinalic C"ommission. The lrnslces consider Ihftl Ihe Society's various aclivities further ils purposes for the public benefit. They have had regard lo the Charily Cuminission's guidan on publi¢ benefii. Decisions re&)ardingy rhe distribulion of Grdnts. either from Ihc sle¢y.$ General Funds, or from ihe Desigyiialed or RLslricl¢d Funds are taken ai thc regular Council Mectings. aller ¢onsiderin¥i ihe recoinmendalions of rclcvant C(Truncil officers or subcommiiiees. The levcl of General Funds is nornially maintained ai an amount beiwccn two and three years nonnal annual expenditure. nie Socieiy's total funds amounted lo £946,987 al 31 December 2024. lis finances are kept under rLVi¢W by a Finance and Ini'esimcni Sub-coinmittee. Thc Socicly is fin&inced by an annual subscripiion payablc by both private and instilulional fellows, with a reduced subsLription for lull-time sludents, lo¥eih¢r with income from invcstmenls. The full annual SubriptIOn is £45 and the sludLnl ralc £20. The officers of lh¢ Society offer Iheir services on a voluniary basis. althou&>h a paid adminislralor docs work for the Society for nornially one day per week. In this way. governance costs are kept to a minimum. The Sl¢LY,s webslte is at http:Ilnumismati¢s.org.uk. The sle(Y currently has about 560 fellows.
THE ROYAL NUMISMATIC SOCIETY PAGE 4 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) TRUSTEES, RESPONSONSIBI,ITIES The trustees are responsible for preparing the Annual Retrf)rl and the financial slaiements in accordance with applicable law and regulations. Cliarity law requires the INslees lo prepare financial statements for each financial year. Under Ihal law the trustees have cIcLied lo prepare the financial statements in accordancc with United Kingdom Genet311y ALLepi¢d Accounling Practice {United Kingdom Accounling Siandards and applicable law}. Und¢r charity law the trusiees must not approvc tl)e rinanLial statements unless th¢y are salisfied that ihcy give a true and fair view of Ihe stale of affairs of Ihc charity and of Ihc surplus 01 deficit of Ihe chariiy for ihat pcriod. In preparing thosc financial slaiemenis. Ihe trusiecs are required to.. seleL'I suitable accounting wlicies and Ihen apply ihem consi51enily' make judgements and cstimat¢s Ihal ar¢ reasonable and prudcnl. prepare the financial statements on the going concern basis unless il is inapproprialc lo presume that the charity will coniinue in opcration. The INslees are responsible for keeping ad¢quate accounling records thai are sutTicient to show and explain Ilie charity's Iransac¢ii)ns and disclose with reasonable accuracy ai any lime the financial position of ihe ¢harily and enable them lo ensure that the financial slatements comply with Ihe Chariiies Aci 2011 and ihe Charities Sial¢mcnl of R¢¢ommended Practice. They arc also reswnsible for safeguarding ihc assels of the charity and hen¢e for lakin8 reasonable sl¥ps lor Ihe prevcnliDn and detection of fraud and oiher irreg?ulariiies. ThL Trus(e¢s Ive Complicd wilh the duly in Section 4 of th¢ 2011 Charilies Act io have due regard io guidan¢e publi.shed by ihe Charity Commission in respecl of public berI1. In so far as th¢ trusl¢¢s are aware: there is no relevanl ac¢ounling infornlation of which Ihe charily's Ind¢[denl examiner is unaware; and the Iruslecs have taken all steps that Ih¢y oughi io have taken io make themselves aware of any relevani accounting infi)rn)alion and lo establish ihat th¢ indqxndenl examincr 15 aware of Ihal inforn]ation. Signatory: Andrew Brown, Hon Secretary Dated..
THE ROYAL NUMISMATIC SOCIETY PAGE 5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE ROYAL NUMISMATIC SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 I repurt to thc charity trustees on my examinaiion of the accounts of the charity for the year ended 31 December 2024, which are set out on pages 6 to 17. Re.¥POllSEhiliiies lJa.¥i.i ofreporl As the charity's trusices you are responsible for the prepardlion of the accounts in accordance with ihe requirements of the Charities Act 2011 ('thc Act.). Havinyv galisfied mysclf that the accounts of the chariiy are noi required io be audiied and ar¢ Cligible for independent ¢xaminalion, I report in respect of my examination of your chariiy's accounis as carried out under seclion 145 of the A¢1. In carying out my examination I have followed the Direclions given by ihe Charily Commission under s¢¢lion 145(5)(b) of the Act. IndL'pendÉpnl e.Yiimin¥r s repori I have completed my cxaminalion. I confim) that no Inatters have comelo my atlenlion in connection wilh Ihe examination Tivin¥ nie cause lo believe Ihai in any maierial a5pecl= I l ) accounting records were not kepl in resp1 of the charity as required by section 130 of the Act,. or (2) the accounls do not accord wilh those accounting rwords- or (3) the accounls do not comply wilh lh¢ applicable requiremenis concemiftg the forni and contenl of the accounts sel oui in the ('haritie5 {Accounls and R¢ports) Re&Julalions 2008 oihcr ihan any requiremenl that the aciounis give a 'irue and fair, view which is not a matler considered as pan of an independeni examination. hgv¢ no con¢¢rns and have come across no oih¢r matlers in conneclion wilh the examination to which allenlion should be drawn in this report in order lo enable a proper understanding ofthe aoUnt$ lo be reached. Siefano Mazzola FCSI 23 Weslmor¢land Tmce London SWIV4AG Dated .
THE ROYAL NUMISMATIC SOCIETY PAGE 6 STATEMENT OF FINANCIAL ACTIVITIES INCLUDINC INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unreslricted Funds GenerAI DesigD*ted Reslrieted Funds 2024 2023 Total Notes INCOME FROM: Donations and legacies Donations l.e¥acies 11.993 11.993 304.654 250 15,240 82.(KK) 222.654 Charltable Actiti Annual subscriptions Publicaiion sales 23,170 15.282 23,170 15,282 14,957 13.242 Other Miscellaneous 305 305 344 Investments In¢om¥ from invLstinLiits 4.949 583 5,047 10,579 12,345 TOTAL INCOME 125.706 223,237 17.040 365.983 56,378
THE ROYAL NUMISMATIC SOCIETY PAGE 7 STATEMENT Ob FINA]YCIAL ACTIVITIES FOR THE YLAR LNDED 31 DECEIBER 2024 EXPENDITURE ON: Unrestricted Funds Restrirted Funds 2024 2023 Total Tot•1 Note Genenl D¢sign•ted Restricled Charitoble Aclivities Grants Numismatic Chronicle Spccicll publi¢alions Prizes Library expenses Money cind Medals newsletler Mvdal costs Meelings SubsLriptions Bank char&Fes Postage, printing & slalioncry 34.848 14.551 443 14,057 48,905 14.551 443 2.900 2,230 844 56 4,368 561 75 589 23,722 30,149 14,709 1,800 7.245 811 729 7,719 827 2.230 844 56 4.368 561 75 589 734 Other Sccrelarial and clerical A¢¢ounl4incy feL5 Inveslmenl mana¥ement fees 1,720 1,080 3.595 ,720 1,080 3,595 949 960 3.503 TOTAL EXPTr:NDITURTr. fJ4,960 16,957 81,917 93.857 NFf INCOMINCJl(ou'fGOING) RESOURCES.. BF.FORL RECO(iNISF.D (iAINS GAINSILOSSES ON.. INVESTMENTS - REAI.ISF. INVESTMENTS- UNREALISED 60.746 223.237 83 284,066 137,479) 868 14,949 102 ,759 886 15.244 1,856 31,952 5.020 (73,911) NEI. MOVEMENT IN FUNDS 76,563 225.098 16.213 317.874 (106,370) TOT AL FUNDS BROUGHT FWD 229,982 48,499 350.632 629,113 735,483 TOT AI. FUNDS CARRlb-D FWD 306.545 273.597 366,845 946,987 629,113 The stateinent of financial acliyitics includes all gains and losses in Ihe year. All income and expenditure derive froin continuin¥ a¢iivilies.
THE ROYAL NUMISMATIC SOCIETY PAGE BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSETS Library, furniture etc. Investments 649.338 620,894 649.339 620,895 CURRENT ASSETS Siock of medals Debtors and prepaymenls Cash al bankrycurrent a¢counl s.4) 15,816 304,966 9.121 16.306 326.182 30.827 CURRENT LIABILITIES Subscriplio118 reLeived in advance Cr¢dilors for Numismatic C.hroni¢l¢ Other crediiors and accruals 416 9.406 18.712 2,214 15,569 4,826 28.534 22,609 NTr.T CURRENI. ASSETS NE'T ASSETS 946,987 629,113 FINANCED BY: FUNDS: General Fund Desigknaled E und5 Restricled Funds 306.545 273.597 366.845 229,982 48,499 350,632 TOTAL FUNDS 946.987 629,113 Approved by the Council on . . and signed on its behalf by: Martin Allen Prcsidcnt Paul Hill Hon. Treasurer
THE ROYAL IYUMISMATIC SOCIETY PAGF. 9 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES The accounis have bcen prepared under the kn'slorical cosl convention. modified by the revalu8lion of inveslmenis. The financial slalemenls have been prepared to comply wilh the r¢quir¢m¢nts of ihe Chariiies Aci 2011. and the 'Sialement of Rccornmcndcd Prdclicc. (SORP)= Accounting and Repot1ing by Charities Financial Rening Siandard 102. The charity is a public enlity as defined by Financial Rewrting Standard 102. The Irusiees consider thai ihcre are no Tnalerial uncertainlies about the ¢harity's abilily to conlinue a going concern. The accounts are prepared in sierling. being the functional currency of the charity. Fund accountin2 Unrestrieied funds are available for use at Ihe dis¢r¢iion of Ihc injsiees in funherance of the general objeL'iives of ihe charity. UnresiriLied funds include a revaluation res¢rv¢ r¢pres¢nling Ihe restalemenl of inveslmenl assets ai market values. Designated funds are unreslri¢t¢d funds earniarked by the truslees for particular pury)oses. Reslricted funds are subjecl lo reslriclions on Iheir expenditure imrKJsed by ihe donor. TAnglble r)xed Is5et5 and deprttlation No value ha% bcen attributed in the balance sh¢¢1 lo the Society's library. The joint library of Ihe Society and The Briiish Numismatic Society was insured during¥ the year ai £451.2(K> {2023.. £449.250}. The l)ooks are individually labelled as 10 which So¢icty owns them. but for tlie purpose of prdctical day-1041ay administration and the sharing of costs, Iwo-thirds of the library is taken as belonging to The Royal Numismatic Society. Investments Investments arc held for Iheir long lern) growth value and are included in the financial Siatements at iheir mid-market values al the balance sheet dal¢. Realised and unrealised gains and losses on invesiments are shown in the statemenl of financfftal activities and added or deducted from the appropriate fund in the balance sheei.
THE ROYAL NUMISMATIC SOCIETY PAGE 10 IYOTLS TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUIYTING POLICIES (CONT'D) Incolne recognltion All incomin&J resources are in¢lud¢d in the siaiement or rinancial activities when ihe chariiy is enlitled to the income and the amount can be quantified with reasonable accurdcy. The following specific wlicies are applied to particular ¢ategories of income: Income received by way of grants. donations and gifts is included in full in the ststement of financial aciivilies when receivable. Grants, where enliilemenl is nol conditional on the delivery of a $c]riC performan¢¢ by the Sociely, are reLo¥niscd wlicn the Society becomes unLondilionally ¢nlitl¢d to the ¥ranl. Inv¢slmenl income is included as il arU¢S. Income from charitable trading aclivilics is accounied for when earned. Subscriptions ar¢ payable annually and are included on Ihe accrual basis matched io the period to which they relate. Expendlture recognitlon Expendiiure is recognised on an accrual basis as a liability is incurred. Expendilurc includes any V AT which cannot fully rec(Ivered, and is rcported as part ofihe ¢xpendiiure io which il relales. Charitabl¢ expenditure comprises ihos¢ cosls IncU¢d by Ihe Socteiy in the delivery of ils activiiies and services for its beneficiarics. It include5 both costs thal Can be allaled direcily lo such activili¢s and those costs of an indirect nalur¢ necessary lo suppon them. Other costs in¢ludc ihose costs associaied with me¢lin¥ the consiiiuiional requiremenls of the Society and includc the independent examiners. fees and cost5 linked to th¢ slralegic management of the Society. All costs are allocated b¢tw¢en the expendilure categories ofthe slatanenl of financial activities on a basis designed lo reflect the use of the resou¢. All costs are all(ated direcily lo a particular aclivily. Grants and Prlzes Granls dnd Priy.es are authorised and awarded by the Council based on ihe recommendations of Il)c various Prize aiid Fund Sub-¢ommiltecs and advice from relevani specialists. and are nornially included in ihe accounts as payable wlien authorised and awarded. Stock No valuc 15 attributed to ihe S(Kiely's Slocks of Special Publications and Ihe Numismatic Chronicle, for which Spink & Son Limited arc thc Sociely's principal dislribuior.
THE ROYAL NUMISMATIC SOCIETY PAGEII NOTES TO THE ACCOUNTS FOR THE YEAR E,DED 31 DECEMBER 2024 2. CHARITABLE ACTIVITIES 2(a) Direct funding of scholarly Activity Direct funding of scholarly activity cornprises, granis. prizes. meeiings. chronicle and publication expenses. This amounted to £71,167 (2023: £78.099). 2(b} Gr*nt expenditure All grants were for the purposes of academic research which includes travel and attendance at conf¢r¢nc¢s. 2(c) Independent examination fees The annual cost of Ihe independenl examination of the Inslilule's financial siaiemenls for the year is £nil (2023.. £Nil).
THE ROYAL NUMISMATIC SOCIETY PAGE 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. DEBTORS AND PREPAYMENTS 2024 2023 Other debtors 15,816 9,121 15.816 9.121 4. CREDITORS: AMOUNTS FALLING DUE WITIIIN ONE YF.AR 2024 2023 Accruals for grants payable Oiher Lreditor5 15,690 3.022 3,021 .805 18,712 4,826 S. INVTr.STMF.NTS 2024 2023 Market value l January Purchiises at cost Disposals at Los( Net profit/llos5) on disposals Unrealised gains1110sses) during year 620.894 229.170 (234.534) 1.856 31,952 615,217 216.465 (141.897) 5.0?0 173,911) Market value 31 December 649,338 620,894 All investments are listed and held in the Uniied Kingdom
THE ROYAL NUMISMATIC SOCIETY PAGE 13 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 6. PAYMENTS TO THE MEMBERS OF THE COUNCIL OF MANAGEMENT No members of Council received travel and other expenses in the year (2023: none). 7. RELATED PARTY TRANSACTIONS There WeTe no related party Iranwlions in the year. 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS UDrestrirted Designated FuDds Restricted Funds TotAI FIXED ASSETS Furniture Investments 303,782 35.757 309,799 649,338 303.783 35,757 309.799 649,339 CURRENT ASSETS Stock of medals Debtors and prepaYThIS Cash at bonk 5,400 15.816 304,966 15,451 6,(K)S 37 237,803 328 61,158 CURRENT LIABILITIES (24.094) (4.440) (28,534) NET CURRENT ASSETS 2,762 237.840 57,046 297,648 NET ASSETS 306545 273,597 366,845 946,987
TIIE ROYAL NUMISMATIC SOCIETY PAGE 14 NOTLS TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. FUNDS a) UNRESTRICTED FUNDS.. i)General Fund - This represenls funds available io bc spcnt or applicd at thc discrclion of ihc trustees to further any of the charity's purposes. ii)Designated Funds Tlie H.W.A. Line¢ar Bequest of £5,(K)O was received in 1987 and Council has madc thc income availablc to subsidise the attendan¢¢ of young, people at the Inlemalional Numismaiic Congiress and the congTresscs and lecture courses org>anised by ihe Briiish Associaiion ofNumismaiic Socieiics and 10 pay for an annual Liiiecar Memorial Lecturer at one of these B.A.N.S. events. The Frizzell Fund was established in 1992 wilh a Iwuesl received under ihe will of the late Helen Frizzell and Council decided that the income should be used once a year to pay the eXnSeS of a visiiing speaker, nom)ally froin abroad. This was subsequently extended lo include usin¥ ihe income io help meel Ihe Iravellinby and other expcnses of all lecturers, wh¢r¢ appropriate. as well as the annual medallisl. The Special Publication5 Fund was originally establish io present a separate record of th¢ financial results of the S(Icie(y s Special Publicalions Series and to relain ihe surplus funds d¢signaled as primarily available lo meet thL initial costs of publishing fuiure volum¢s. I publication was madc in 2023. The Malcolm Lyne Fund of£222,654 was established in 2024. These monies. designaled from the l¢¥acy of Malcoliii l.yiie, are 10 be used io fund projecls related lo his inleresls. grdnts and an annual pri7.e. Desi%na¢ed Total Fri-ell Special Malcolm Designuled uiire.iirieled Fund Publicalion.s L)Ine Fund General HWA Linecar Beque.Fl Incom¢ 125,706 329 254 222,654 223,237 348,943 Expenditure Net incomingl (oul¥oing) resources 60,746 329 254 222,654 223,237 283,983 GaiJV{loss} on sale of investments 868 58 102 970 Unrealised gains/ {105ses} on invcsttnents 995 764 Nel movement on funds Transfer from genernl fund 76,563 1,382 1.062 222,654 225,098 301,661 Balance brought forward l Jan 2024 229,982 19,732 16,695 12,072 48,499 278,481 Balancc Caled forward 31 Dec 2024 12 072 222 654 273 597 580 142
THE ROYAL IYUMISMATIC SOCIETY PAGE 15 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECENIBER 2024 9. FUNDS: (Cont'd) Designoied Tolal Total Frizell Special De.iigiia/ed Unreslricled Fund Publieorion.I Fund General HWA Linecar Bequest Income 49,810 384 295 679 50,489 Expcnditure Net incoming/{oulgoing) resourLes (38,875) 384 295 679 (38,196) Gaird{10ss} on sale of investments 2,348 156 277 2,625 UnrLalised gainsl(Ios5es) on invesiments 769 N¢t movement on funds Transfer from general fund (71,105) (1.761) (1,353) (3,114) (74,219) B1£ lancL brou¥hi forward l Jan 2023 301.087 21,493 18,048 12,072 51.613 352,700 Balance Csirried lonvard 31 Dec 2023 229 982 2 278481 b) RESTRICTED FUNIXS Full details of the Medal and Prizes of the S(Kiety. including delails of past med8llisls and prize winners, and of Il)e various Research Grants and Fund5, are published in thc Numismatic Chronicle or on Ihe Socieiy's w¢btsil¢. Funher dctails of the Grdnls and Pri7es for Ihc year are included in ihe Annual Report or in the President's Review of the Year. now published on ihe Socieiy's website. Priie Funds The F.Parkes Weber Prize was insliiuied in 1954 and is award¢d annually for an original e55ay or published article on any subje¢t relaling to coins. mcdals. medallions, lok¢ns or paper money. Compctilors musl be under 30 on Ihe annual closing date for ¢nlries. Nominalion5 can be made by ihe author or a third party. The value of Ihc prizc is currently noi less than £150. The l.hotka Memorial Prizc was endoH'ed in 1961 in memory of Dr J.F. Lhotka and is awarded annually lo Ihe author adjud&?cd to havc published in tlie pr¢vious two calendar ycars ihc book or article in English most helpful to the elemenlary sludent of numismalics. Tl]e value ofthe pri2¢ is currently not Icss than £250. The Gilljam Prize for Third Century Numi5malics was established in 1985 and is awarded bi-annually for the book or article published in the previous thTe¢ ycar5 which rcpresenls the best conlributiot] lo ihe numismalics of the third century, before the reforni of Diocldian. Thc value of ihe prize is currently not less ihan £400.
THE ROYAL NUMISMATIC SOCIETY PAGE 16 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. FUNDS: (Cont'd) RESTRICTED FUNDS.. (Conl'd) The Samir Shamma Prize for Islamic Numismatics was esiablished in 1992 and is awarded bi-annually for the book or anicle(s) published, norn)ally and preferably in English, during the previous three years. adjudged most useful lo students in Islamic numismatics. The value of Ihe priz¢ is CyrntlY not less than £2,IM)O. R¢se4r¢h C*r4nt$ 8Dd Fyllds The W.S. Marshall M¢morial Fund was established ID 1945 10 provide young numismatists with books. The Nicholas Lowick Memorial Fund for the Promotion of Oriental Numismatic Research was sel up in l 987 to provide grants. subsidies and awards. One or more annual grants of varyin¥ atllounls arc made toward5 travel and accommodalion Costs or lo oihenvise further the sludy of some aspects of Oriental numisrnalics. ThL Neil Kreitman Ceiilral Asian Numismatic Endowmeni Fund was established in 1989 to make granls to proinote research in the study of coins of an¢ient Centrdl Asia. ThL C'lassical Nuinismalic Group Roman and Byzantine Fund was established li) 2009 wilh Ihe aid of a gTei)erous dc)nation frc)tn Classical Numismalic Group Inc. of Pennsylvania USA. The purpose of ihe kund is io proinole for the public benelit the Study of Roman and 13y7anline numisma(ics in lis broadesi sense. The Martin Price Fund wa5 established in 1995. Annual awards are made lo promoie the study of Ihe coins of Ihe (ireLk World in its broadest sense, wilh a special focus on young sCOrCh¢t5. Tl)e Barrcii Fund was eslablishcd in 2024 10 make grdnis to enable Curato and sludenls in Asia lo visii the UK to study Asian Loin and money colle¢'iions. Mai'.Ihall Purkes Lhuikn Gilljam Fund Prue Pe Fund Fund Loii'ic.k Kreifniun sha110 Fu4d Fund Murtin Pric'e Fund CNG Bori'eii Fund Fund T¢>f¢TI.s Fund Fund Income Direct charitable expenditure Nel incoming r¢%ource Profit on sale of inve%imenis Unreali%ed gain on inVetmentS Nei movement in 227 93 155 118 968 1.262 696 822 706 11,993 500 17.040 377 {57) 1595) 118 {2.787) 11,730) (1,3041 {1381 (2,794) 8,993 83 40 16 27 21 170 222 122 144 124 886 680 283 406 357 1.097 242 11021 496 303 2.314 917 2,491 15381 8,993 16,213 Balance brougThi forward l Jan 2024 21,326 7,680 10,659 8,923 58.489 89,431 50.670 60,289 43,165 350,632 Balance carried forward 31 Dcc 2024 7922 10557 9419 58 792 51587 62 780 42 627 8 993 366 845
THE ROYAL NUMISMATIC SOCIETY PAGE 17 NOTES TO THE ACCOUNTS FOR THF. YEAR ENDED 31 DECEMBER 2024 9. FUNDS: (Cont'd) RESTRICTED FUNDS.. fconl'd) Marshall Purkes Fund Weber Prize Fund Lhoikn Gillja Pnze Pri=e Fund Fund Lowick Kreiimon Fund Marli Pi'iee Fund CNG Fund To¢a15 Prre Fund Income 263 109 180 138 1,127 ,477 960 824 5.889 Direct Charitable expenditure Nei incon)ing re.%ources Gaiii on sale of iiiveslmenls Unrealised 1054 on investrntnl¥ Nel movement in 250 4(YJ I377_ 141) 170) (262} 12.573) 2.854 {1891 {1.0891 824 717 107 73 56 459 331 390 335 2,395 655 1203) (6521 11.074) 11.032) {8.869) 15.390) 14.7141 16,4451 13,772) 132,1511 Balance bToughi forward l Jan 2023 Balance carried forward 31 r)¢¢ 2023 21.529 8.332 11.733 9.955 67.358 94.821 55,384 66.734 46.937 382.783