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|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|
##
##
##
##
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##
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##
##
##
##
##
|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|