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2021-06-30-accounts

STATEMENT OFFL VAN CIA L ACTIVITIES F ORTHE YEAR ENDED 30th JUNE 2021
2020 2020
Unrestricted Total Unrestricted Total
Funds Funds Funds Funds
Income and Endowments from:
Donations
and Legacies		 1,858 1,858 21,542 21,542
Charitable
Activities		 351,016 351,016 395,896 395,896
Investments 14,703 14,703 20,679 20,679
Total Income and Endowments 367,577 367,577 438,117 438,117
Kx endlture on:
Raising Funds 9,052 9,052 8,563 8,563
Charitable
Activities		 311,234 311,234 372,877 372,877
Total Ex enditure 320,286 320,286 381,440 381,440
Net Gains I(Losses) on Investments 200,850 200,850 6,392 6,392
248.141 248.141 63.069 63.069
Transfers
between Funds
Net Movement
in Funds		 248,141 248,141 63,069 63.069
Fund Balances brought forward at 1"July 2020 1,448,479 1,448,479 1,385,410 1,385,410
Fund Balances carried forward at 30' June 2021 1,696,620 1,696,620 1,448,479 1,448,479

BALANCE SHEE T AS A T 30t h JUNE 2021
2020 2020
Unrestricted Total Unrestricted Total
Funds Funds Funds Funds
Fixed Assets
Tangible Fixed Assets (Note 4) 797 797 609 609
Investments
(Note 5)		 1,487,077 1,487,077 1,327,836 1,327,836
1,487,874 1,487,874 1,328,445 1,328,445
Current
sects
Debtors 8.Prepayments
(Note 6)		 52,453 52,453 20,380 20,380
Cash at Bank and in Hand 422,073 422,073 4/1,051 471,051
474,526 474,526 491,431 491,431
Liabilities
Creditors falling due within one year
Advance
from Publishers		 122,480 122,480 245,538 245,538
Members'
Subscriptions
in		 Advance 4,653 4,653
Other Creditors and Accruals (Note 7) 143,300 143,300 121,206 121,206
265,780 265,780 371,397 371,397
Net Current
Assets/		 Liabilities 208.746 208,/46 120,034 120,034
Total Assets less Current LiabBities 1,696,620 1,696,620 1,448,479 1,448,479
Creditors
- amounts		 falling due after more than one year
Net Assets 1,696,620 1,696,620 1,448,479 1,448,479
Charity Funds
General Income and Expenditure Account 1,475,301 1,475,301 1,232,752 1,232,752
Publishing
Account		 114,414 114,414 114,822 114,822
Life Members'
Subscriptions		 1,155 1,155 1,155 1,155
Tawney Memorial
Fund		 1,000 1,000 1,000 1,000
T.S.Ashton Prize Fund 750 750 1,500 1,500
Society Conferences Fund 5,000 5,000 5,000 5,000
Initiatives
and Conferences		 Fund 5,000 5,000 5,000 5,000
General Fellowships Fund 94,000 94,000 88,000 88,000
1,696,620 1,696,620 1,448,479 1,448,479

Note Note 2020 2020
Cash flows from o eratin
activities
Net cash provided by / (used in) operating activities A (104,701) 67,225
Cash flows from investin
activities
Interest snd dividends
received		 14,703 20,679
Purchase oftangible fixed assets (589) (180)
Sale ofinvestments 548,082 255,672
Purchase ofinvestments (506,473) (262,570)
Net cash flows from investing
activities		 55,723 13,601
Cash flows from financin
activities
Vet cash flou s from financing
acfivities
Chanae in cash and cash e uivalents (48,978) 80,826
Cash and cash equivalents
brought
forward		 471,051 390,225
Cash and cash e uivalents
carried forward		 422,073 471,051
Note A:—Reconciliation ofnet income to net cash flair from o erations
Net income / (expenditure
for the year		 248,141 63,069
Asper the Statement ofFinanciat Activities
Adjustments
for:
Depreciation
and profits / (losses) on sale oftangible fixed assets		 401 304
Interest and dividends
received shown in		 investing activities (14,703) (20,679)
Net (gains) / losses on investments (200,850) (6,392)
Decrease / (increase) in debtors (32,073) 70,639
(Decrease) / increase in creditors (105,617) (39,716)
Net cash proidded by / (used in) operating activities (104,701) 67,225

GENERAL INCOME AND EXPENDITURE ACCO UNT FOR THE YEAR EN DED 30th JUN E 2021
2020 2020
Income and Endowments
from:
Donations
and Le acies
Donations Received 125 125 18,859 18,859
Charitable
Activities
Income I'rom Publishing:
Economic History Review Volume 73
90%ofPublishers'
Profit
20%ofPublishers'
Sales
Sale ofBooks		 185,301
74,716		 175,529
74,522
Contribution
towards Website Expenses		 25,000 45,000
ISTOR Income 16,078 301,095 17,494 312,545
Membership
Income:
Subscription
Income		 46,464 25,507
Other Subscription
Income (Note I)		 85 85
Gift Aid Tax recovered on Subscriptions 1,380 47.929 1,458 27,050
Investments
Bank Interest Receivable 1 1
Other Interest Received 83 1,057
Other Income from Investments 14,619 14,703 19,621 20,679
Total Income and Endearments 363,852 379,133
Ex enditure on:
Raisin
Funds
lm'estment
Management
Fees		 9,052 8,563
Charitable
Activides
Grants and Donations:-
Student Research and Conference Grants 252 6,054
Student Conference Bursaries 12,025
Prizes 2,200 2,000
Small Research Grants Scheme 23,838 11,269
PhD Bursaries 35,000 25,000
Undergraduate
Project Facility Grants		 430 671
BME Activities
and Events Small Grants Scheme		 1,000 62,720 57,019
Publishin
Rt Membershi
Ex enses:-
Editorial Fees and Honoraria 28,912 32,271
Editors' Secretariat Fees and Expenses 3,833 5,748
Web Site Expenses 24,367 17,446
Membership
Officer		 16,101 1,875
Media Awareness
and Publicity Expenses		 9,861 83,074 9,094 66,434
Lecture Ex enses
International
Speakers at Annual
Conference
Plenary Lecture Costs

2020 2020
Other Expenses:-
Secretariat Fees and Expenses 42,267 52,721
Officers' &Trustees'
Expenses		 12 3,219
Schools &Colleges Committee Expenses 67
Fellowship
Administration
Expenses		 5,000 5,000
Fellows'
Travel Support		 127
Public Engagement
Committee		 Expenses 1,177
Other Administrative
Expenses		 123 2,608
Bank &Payment Processing Charges 705 260
Exchange Rate (Gains)/Losses 325 (45)
Subscriptions 1,874 2,940
Audit and Accountancy
Fees		 14,223 14,091
Legal, Professional &Insurance Expenses 641 13,725
Loss on Disposal ofEquipment
Depreciation ofEquipment 401 65,571 304 96,194
Total Kx enditure 220,417 228,210
Net Gains / Losses
on Investments
Realised 35,357 (1,570)
Unrealised 165,493 7,962
200,850 6,392
e 344,285 157.315
Transfers
to /from Other Funds
Tawney Memorial
Fund
T.S.Ashton Prize Fund (750)
Society Conferences
Fund		 (8,680) 923
Initiatives
and Conferences
Fund		 (39) (21,787)
General Fellowships
Fund		 (92,267) (101,736) (93,321) (114,185)
Net Movement
in Fund		 242,549 43,130
Fund Balance brought
forward at 1"July 2020		 1,232,752 1,189,622
Fund Balance carried forward at 30aJune 2021 1,475,301 1,232,752

PUBLISHING ACCOUNT FORTHE YEAREND ED 30th JUT E 2021
2020 2020
Income and Endowments
from:
Charitable
Activities
Income from Publishing:-
Royalties on Atlas ofJndustrialisiug Britain 207 562
Royalties on Pamphlet
Series		 1,699 2,494
Essays in Economic History
Royalties on 20e Century Britain 65
Industrial
Revolution
Series		 21
1,992 3,125
Total Income and Endowments 1,992 3,125
Ex enditure
on:
Charitable
Activities
Publishing
Expenses:-
Royal Historical Society Publications 4,000
Boydell 8t Brewer Series 2,400 2,400
2,400 6,400
Total Ex enditure 2,400 6,400
Net Income/
Ex enditure		 ('408) (3,275)
Transfers from Other Funds
Net Movement
in Fund		 (408) (3,275)
Fund Balance brought forward at 1"July 2020 114,822 118,097
Fund Balance carried forward at 30n June 2021 114,414 114,822

SOCIETYCONFERE NCES FUN D ACCOUN T FOR THE YEA R ENDED 30th JUNE 2021
2020 2020
Income and Endowments
from:
Charitable
Activities
Conference &Workshop Income:-
Belfast Conference 49,906
Oxford Conference (cancelled)
49,906
Total Income and Endowments 49,906
Ex enditure
on:
Charitable
Activities
Conference &Workshop Expenses:-
Belfast Conference 48,983
Oxford Conference (cancelled - unrecovered costs) 8,680
8,680 48,983
Total Ex enditure 8,680 48,983
Net Income! Ex enditure (8,680) 923
Transfers
to!from		 Other Funds
General Income &, Expenditure Account 8,680 (923)
Net Movement
in Fund
Fund Balance brought forward
at 1"July 2020		 5,000 5,000
Fund Balance carried forward at 30a June 2021 5,000 5,000

INITIATIVES AND CONFEREN CES FI.'ND A CCOUN T FORT HE YEAR EN DED 30th JUN E 2021
2020 2020
Income and Endowments
from:
Charitable
Activities
Conference &Workshop
Income:
Women's
Committee
Workshop		 Income 300
Residential
Training Course income		 2,970
3,270
Total Income and Endowments 3,270
Kx enditure
on
Charitable
Activities
Conference &workshop
Grants
Women's
Committee
Workshop		 &Expenses:
Expenses/(Refunds)		 (500) 2,362
Residential
Training
Course Expenses		 11,529
Grants made under the Initiative &Conference Grant 539 11,166
Scheme
39 25,057
Total Ex endlture 39 25,057
NetIncome/
Ex enditure		 (39) (21,787)
Transfers
to
/ from Other Funds
General Income &Expenditure Account 39 21,7/87
Net Movement
in Fund
Fund Balance brought forward
at 1"July 2020		 5,000 5,000
Fund Balance carried forward at30"June 2021 5,000 5,000

GENERAL FELLOWSHI P FUN D AC COUNT FORTH E YEAR EiVDED 30th JUiVE 2021
2020
Income and Endowments from:
Donations
and Le acies
Grants Receivable 1,733 2,683
Total Income and Endowments 1,733 2,683
Ex enditure on:
Charitable
Activities
Grants 88,000 72,040
Total Ex endlture 88,000 72,040
Net Income/
Ex
nditure		 (86.267l (69.3571
Transfers
to
/ from Other Funds
General Income /I Expenditure Account 92,267 93,321
Net Movement
in Fund		 6,000 23,964
Fund Balance brou
t forward at 1"Jul		 2020 88,000 64,036
Fund Balance carried forward at 30n June 2021 94,000 88,000

2020 2020
Unrestricted Total Unrestricted Total
Funds Funds Funds Funds
Income and Endowments from:
Donations
and Legacies
Life Membership
Fund
Tawney Memorial
Fund
T.S.Ashton Prize Fund
Total Income and Endowments
E
enditure on:
Charitable
Activities
Life Membership
Fund
Tawney Memorial
Fund
Lecturer's Fees and Expenses
Other Lecture Expenses
T.S.Ashton Prize Fund
Prizes 750 750 750 750
Total Ex enditure 750 750 750 750
NetIncome/
Ex endlture		 (750) (750) (750) (750)
Transfers (to) / from Other Funds
From General Income &Expenditure
Account to Tawney Memorial Fund
toT.S.Ashton Prize Fund 750 750
Net Movement
in Funds		 (750) (750)
Fund Balances brou
ht forward at I"Jul		 2020
Life Membership
Fund		 1,155 1,155 1,155 1,155
Tawney Memorial
Fund		 1,000 1,000 1,000 1,000
T.S.Ashton Prize Fund 750 750 1,500 1,500
2,905 2,905 3,655 3,655
Fun
B I nces carried forward at 30a June		 2021
Life Membership
Fund		 1,155 1,155 1,155 1,155
Tawney Memorial
Fund		 1,000 1,000 1,000 1,000
T.S.Ashton Prize Fund 750 750 750 750
2,905 2,905 2,905 2,905

4, TANGIBLE FIXEDASSETS FIXEDASSETS ~ct*
Cost
As at 1"July 2020 1,943
Additions 589
(Disposal s)
As at 30"' June 2021 2,532
As at I"July 2020 1,334
Charge for the year 401
(Disposals)
As at 30s' June 2021 1,735
As at 30"' June 2021 797
As at 30s' June 2020 609
2021 2020
Charity Investment
Funds:
Market Value at 1"July 2020 1,129,101 1,116,860
Additions
(net		 ofequalisation) 506,397 261,521
(Disposal s) (512,726) (257,242)
Net Unrealised Investment Gains / (Losses) 165,493 7,962
1,288,265 1,129,101
C.O.I.F.Charities Deposit Fund 198,812 198,735
Market Value as at 30"' June 2021 1,487,077 1,327,836

5. FIXEDASSET INVESTMENTS (Cont. FIXEDASSET INVESTMENTS (Cont.
2021 2020
Investments
at fair value comprised:
Bonds 196,372 150,116
Equities 663,796 563,742
Structured
Products		 62,054
Hedge Funds 19,147 14,626
Private Equity 17,010 26,821
Gold &Other Commodities 27,798
COIF Charities Ethical Invesnnent Fund 364,142 311,742
1,288,265 1,129,101
COIF Charities Deposit Fund 198,812 198,735
1,487,077 1,327,836
6. DEBTORS AND PREPAYMENTS
Prepayments
and Accrued Income		 11,155 10,362
Due from Investment
Managers		 41,298 10,018
Due from Publishers
Gift Aid Tax Recoverable
52,453 20,380
7. OT ER
RE		 AL
Amounts
due within one year:
Accruals and Deferred Income 141,942 118,673
Subscription
income held in suspense		 155 171
VAT payable 205 1,521
Other Creditors 998 841
143,300 121,206