REGISTERED CHARITY NUMBER: 229524
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Bibliographical Society
Thornton Springer LLP Chartered Accountants
67 Westow Street London SE19 3RW
The Bibliographical Society
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
The Bibliographical Society
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Society are to promote and encourage bibliographical studies, and in particular:
-
a) to print and publish works concerned with bibliography;
-
b) to maintain a bibliographical library;
-
c) to hold meetings at which papers are read and discussed;
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d) to support bibliographical research by awarding grants and bursaries.
Public benefit
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benefit of the Charity's activities are outlined under 'Objectives and Activities' and 'Achievements and Performance' within this report.
Grantmaking
The Society invites applications for awards from scholars engaged in bibliographical research (on, for example, book history, textual transmission, publishing, printing, bookbinding, book-ownership and book-collecting). The Society hopes to make awards both for immediate research needs, such as for microfilms or travelling expenses, and for longer-term support, for example to assist with prolonged visits to libraries and archives.
ACHIEVEMENT AND PERFORMANCE Charitable activities
Review of the year 2022
The Society has continued to meet its aims and charitable objectives throughout the year 2022. More specifically, the Society has:
-
offered a full season of lectures as well as additional events on bibliographical subjects, open to members and their guests; all lectures and most additional events are now delivered in a hybrid format in person and online, increasing the Society's reach worldwide;
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*arranged a virtual winter visit to Keio University Library in Tokyo;
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arranged a summer visit to the Libraries at Magdalene College Cambridge;
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published The Library, the Society's quarterly journal, according to plan and in both print and electronic media;
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made progress on future publications, in both print and e-format;
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awarded research grants for fourteen individuals;
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continued to support the London Book Trade database and the British Book Trade Index database on a common portal with the Bodleian Library;
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maintained its archive on deposit at the Bodleian Library, Oxford, where it is available for consultation, with the listing of its contents available on the Society's and the Bodleian's websites;
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maintained its library at the Albert Sloman Library at the University of Essex;
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monitored libraries "at risk" and made representations as appropriate;
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seen its investments fluctuate in line with general stock market trends;
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renewed its drive to attract gifts and legacies to support the Society's work.
The Society maintains a healthy balance in its general purposes fund in order to withstand unexpected downturns and to sponsor specific future projects which will be presented to Council for consideration in the coming years.
FINANCIAL REVIEW
Investment policy and objectives
The Charity’s investment objective is to protect, in so far as is reasonable and with the avoidance of undue risk, the real value of the Charity’s capital and income after allowance for inflation.
Page 1
The Bibliographical Society
Report of the Trustees
for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
Over the medium term it is the Trustees' intention to spend annual income while maintaining the real value of the General Fund.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Society is regulated by the Charity Commissioners for England and Wales under a revised Trust Deed dated 18 April 1929.
Recruitment and appointment of new trustees
New Trustees are usually known to and recommended by existing Trustees. Their selection will be based on their experience, qualifications and skills.
Organisational structure
The Society operates primarily through the Council, the members of which are elected at each Annual General Meeting of the Society’s members. The principal officers are the President, Secretary, Treasurer, Librarian and the editors of The Library and of Monographs.
At present the Society has no salaried employees.
Council has appointed a number of subcommittees to assist in various areas:
Finance & General Purposes
Fellowships & Bursaries
- Publications
Medal
Outreach
Libraries at risk
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
229524
Principal address
c/o Institute of English Studies Room 304, Senate House Malet Street London WC1E 7HU
Page 2
The Bibliographical Society
Report of the Trustees
for the Year Ended 31 December 2022
Trustees
S Beattie N Bell G Bergel (appointed 18.10.22) A Bianchi (appointed 18.10.22) K Birkwood (resigned 31.10.22) M Ford D Green K Jensen Y Lewis K Limper-Herz (Secretary) R Linenthal (President from 18.10.22) G Mandelbrote (resigned 31.10.22) R Myers M Payne (Treasurer) D Pearson W Poole E Potten J Raven (President to 18.10.22) G M Sewell (appointed 18.10.22) J Simpson L Sims (resigned 31.10.22) A Timmermann J Walworth J Willoughby H Woudhuysen (resigned 31.10.22)
Independent Examiner
Thornton Springer LLP Chartered Accountants 67 Westow Street London SE19 3RW
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ K Limper-Herz (Secretary) - Trustee
Page 3
Independent Examiner's Report to the Trustees of
The Bibliographical Society
Independent examiner's report to the trustees of The Bibliographical Society
I report to the charity trustees on my examination of the accounts of The Bibliographical Society (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S B Ison FCCA
Thornton Springer LLP Chartered Accountants 67 Westow Street London SE19 3RW
Date: .............................................
Page 4
The Bibliographical Society
Statement of Financial Activities for the Year Ended 31 December 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Other The Library Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Other Grants & awards Publishing The Library Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 2,500 - 98,705 16,717 28,002 145,924 49,413 11,984 7,138 67,350 135,885 (172,709) (162,670) - (162,670) 711,539 548,869 |
Restricted funds £ - - - - 163 163 - - - - - 464 627 16,000 16,627 226,442 243,069 |
Endowment fund £ - - - - 16,250 16,250 - - - - - 46,139 62,389 (16,000) 46,389 541,171 587,560 |
31.12.22 Total funds £ 2,500 - 98,705 16,717 44,415 162,337 49,413 11,984 7,138 67,350 135,885 (126,106) (99,654) - (99,654) 1,479,152 1,379,498 |
31.12.21 Total funds £ - 99 103,021 21,935 30,401 155,456 21,309 18,380 13,255 86,170 139,114 121,491 137,833 - 137,833 1,341,319 1,479,152 |
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 5
The Bibliographical Society
Balance Sheet 31 December 2022
| Notes FIXED ASSETS Heritage assets 6 Investments 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank 10 CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 12 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Unrestricted fund £ 20,000 269,407 289,407 4,000 108,676 196,836 309,512 (44,995) 264,517 553,924 (5,055) 548,869 |
Restricted funds £ - 243,069 243,069 - - - - - - 243,069 - 243,069 |
Endowment fund £ - 587,560 587,560 - - - - - - 587,560 - 587,560 |
31.12.22 Total funds £ 20,000 1,100,036 1,120,036 4,000 108,676 196,836 309,512 (44,995) 264,517 1,384,553 (5,055) 1,379,498 548,869 243,069 587,560 1,379,498 |
31.12.21 Total funds £ 20,000 1,226,142 1,246,142 4,000 109,675 164,250 277,925 (39,860) 238,065 1,484,207 (5,055) 1,479,152 711,539 226,442 541,171 1,479,152 |
|---|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
M Payne (Treasurer) - Trustee
The notes form part of these financial statements
Page 6
The Bibliographical Society
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants are made mainly to individuals for bibliographical research. The availability of awards is advertised and applications are considered by the Fellowships & Bursaries Subcommittee.
Provision is made in the accounts for grants committed but unpaid at the end of the year where a constructive obligation has been created.
Allocation and apportionment of costs
Since the vast majority of support costs relate to the charitable activities, no apportionment is made to other headings in the financial statements.
Heritage assets
The Society’s library is identified as a heritage asset. It is not regarded primarily as an investment; it is included in the Balance Sheet at a value estimated by the trustees. The library is stored at the University of Essex. No record exists of the historical cost of the library.
Stocks
In view of the small quantity of stock of completed publications and publications in the course of preparation, the value, based at the lower of estimated cost and net realisable value, has been estimated by the trustees.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
Page 7
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Life membership
Life membership subscriptions are credited to subscriptions over a period of 20 years. The deferred income in respect of life members is shown on the Balance Sheet.
2. OTHER TRADING ACTIVITIES
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total |
Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| Subscriptions | 16,717 | - | - | 16,717 | 21,935 |
This subscription income is significantly lower than it ought to be given the size of the Society's membership. The issue of outstanding subscriptions (an issue possibly caused or exacerbated by the pandemic over several years) has been recognised, and is being actively pursued by the officers of the Society and by the administrative staff who support them.
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Endowment | Total |
Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| Deposit account interest | - | - | - | - | 1 |
| Curr asset inv income | **28,002 ** | 163 | 16,250 | 44,415 | 30,400 |
| **28,002 ** | 163 | 16,250 | 44,415 | 30,401 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
Included in expenses of meetings are payments totalling £606 (2021:£172) made to 3 (2021:2) Council Members in reimbursement of travelling expenses.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Other The Library Other trading activities Investment income Total EXPENDITURE ON Charitable activities Other |
Unrestricted fund £ 99 103,021 21,935 18,947 144,002 21,309 |
Restricted funds £ - - - 111 111 - |
Endowment fund £ - - - 11,343 11,343 - |
Total funds £ 99 103,021 21,935 30,401 155,456 21,309 |
|---|---|---|---|---|
continued...
Page 8
The Bibliographical Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||||
| fund | funds | fund | funds | ||||||
| £ | £ | £ | £ | ||||||
| Grants & awards | 18,380 | - | - | 18,380 | |||||
| Publishing | 13,255 | - | - | 13,255 | |||||
| The Library | 86,170 | - | - | 86,170 | |||||
| Total | 139,114 | - | - | 139,114 | |||||
| Net gains on investments | 75,716 | 442 | 45,333 | 121,491 | |||||
| NET INCOME | 80,604 | 553 | 56,676 | 137,833 | |||||
| Transfers between funds | - | 16,000 | (16,000) | - | |||||
| Net movement in funds | 80,604 | 16,553 | 40,676 | 137,833 | |||||
| RECONCILIATION OF FUNDS | |||||||||
| Total funds brought forward | 630,935 | 209,889 | 500,495 | 1,341,319 | |||||
| TOTAL FUNDS CARRIED FORWARD | 711,539 | 226,442 | 541,171 | 1,479,152 | |||||
| 6. | HERITAGE ASSETS | ||||||||
| Total | |||||||||
| £ | |||||||||
| MARKET VALUE | |||||||||
| At 1 January 2022 and 31 December 2022 | 20,000 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31 December 2022 | 20,000 | ||||||||
| At 31 December 2021 | 20,000 | ||||||||
| To comply with the Charities SORP requirements, the Society’s library is recognised as a heritage asset on t | he | ||||||||
| Balance Sheet. | |||||||||
| 7. | FIXED ASSET INVESTMENTS | ||||||||
| Listed | |||||||||
| investments | |||||||||
| £ | |||||||||
| MARKET VALUE | |||||||||
| At 1 January 2022 | 1,226,143 | ||||||||
| Revaluations | (126,107) | ||||||||
| At 31 December 2022 | 1,100,036 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31 December 2022 | 1,100,036 | ||||||||
| At 31 December 2021 | 1,226,143 |
To comply with the Charities SORP requirements, the Society’s library is recognised as a heritage asset on the Balance Sheet.
continued...
Page 9
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
7. FIXED ASSET INVESTMENTS - continued
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Market | |||||
| Common Investment Funds | Cost | value | Cost | Marketvalue | |
| Cazenove (formerly Schroders) | |||||
| Income Trust | - | - | 147,394 | 163,232 |
|
| Equity Income Trust Income units | - | - | 449,782 | 464,188 |
|
| Equity Income Trust Accumulation units | - | - | 208,528 | 249,034 |
|
| Charity Multi-Asset Fund | 1,123,125 | 1,216,918 | |||
| 1,123,125 | 1,216,918 | 805,704 | 876,454 |
||
| COIF Charities Investment Fund | |||||
| General Purposes Fund | 305 | 5,203 | 305 | 4,557 |
|
| Graham Pollard Memorial Fund | 1,000 | 4,021 | 1,000 | 3,521 | |
| £1,124,430 | £1,226,142 | £807,009 | £884,532 | ||
| There were no investment assets outside the UK. | |||||
| Movement in year: | 2021 | 2020 | |||
| Market value at 1 January | 884,532 | 1,244,607 | |||
| Additions | 1,123,125 | - | |||
| Disposals | (876,454) | (242,838) | |||
| Unrealised gain/(loss) | 94,939 | (117,237) | |||
| Market value at 31 December | £1,226,142 | £884,532 |
Investments are stated at market value.
Unrealised gains or losses on revaluing investments are taken to the Statement of Financial Activities. Realised gains or losses on disposal of investments are also shown in the Statement of Financial Activities.
8. STOCKS
| Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sale of publications Advertising revenue VAT recoverable |
31.12.22 £ 4,000 31.12.22 £ 98,705 1,504 8,467 108,676 |
31.12.21 £ 4,000 31.12.21 £ 103,021 1,504 5,150 109,675 |
|---|---|---|
continued...
Page 10
The Bibliographical Society
Notes to the Financial Statements - continued
| for the Year Ended 31 December 2022 10. CASH AT BANK 31.12.22 Total funds £ Bank deposit account 9,747 Bank current account 172,414 Key Bank account -American Friends 2,626 First Interstate Bank 2,847 Paypal 7,690 Cazenove 1,512 Total 196,836 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Advance subscriptions 1,557 Accruals and deferred income 43,438 44,995 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.22 £ Deferred income - life members 5,055 13. MOVEMENT IN FUNDS Net Transfers movement between At 1.1.22 in funds funds £ £ £ Unrestricted funds General fund 711,539 (162,670) - Restricted funds Randeria Fund 5,134 592 - Graham Pollard Memorial Fund 308 35 - Future Publications 221,000 - 16,000 226,442 627 16,000 Endowment funds Permanent Endowment 541,171 62,389 (16,000) TOTAL FUNDS 1,479,152 (99,654) - |
31.12.21 Total funds £ 9,747 145,907 2,626 3,239 1,219 1,512 164,250 31.12.21 £ 2,364 37,496 39,860 31.12.21 £ 5,055 At 31.12.22 £ 548,869 5,726 343 237,000 243,069 587,560 1,379,498 |
|
|---|---|---|
continued...
Page 11
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Resources | Gains and | Movement | |
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 145,924 | (135,885) | (172,709) | (162,670) | |
| Restricted funds | |||||
| Randeria Fund | 154 | - | 438 | 592 | |
| Graham Pollard Memorial Fund | 9 | - | 26 | 35 | |
| 163 | - | 464 | 627 | ||
| Endowment funds | |||||
| Permanent Endowment | 16,250 | - | 46,139 | 62,389 | |
| TOTAL FUNDS | **162,337 ** | **(135,885) ** | **(126,106) ** | (99,654) | |
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 630,935 | 80,604 | - | 711,539 | |
| Restricted funds | |||||
| Randeria Fund | 4,612 | 522 | - | 5,134 | |
| Graham Pollard Memorial Fund | 277 | 31 | - | 308 | |
| Future Publications | 205,000 | - | 16,000 | 221,000 | |
| 209,889 | 553 | 16,000 | 226,442 | ||
| Endowment funds | |||||
| Permanent Endowment | 500,495 | 56,676 | (16,000) | 541,171 | |
| TOTAL FUNDS | 1,341,319 | 137,833 | - | 1,479,152 |
continued...
Page 12
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Randeria Fund Graham Pollard Memorial Fund Endowment funds Permanent Endowment TOTAL FUNDS |
Incoming resources £ 144,002 105 6 111 11,343 155,456 |
Resources expended £ (139,114) - - - - (139,114) |
Gains and Movement losses in funds £ £ 75,716 80,604 417 522 25 31 442 553 45,333 56,676 121,491 137,833 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Randeria Fund Graham Pollard Memorial Fund Future Publications Endowment funds Permanent Endowment TOTAL FUNDS |
At 1.1.21 £ 630,935 4,612 277 205,000 209,889 500,495 1,341,319 |
Net movement in funds £ (82,066) 1,114 66 - 1,180 119,065 38,179 |
Transfers between funds £ - - - 32,000 32,000 (32,000) - |
At 31.12.22 £ 548,869 5,726 343 237,000 243,069 587,560 1,379,498 |
|---|---|---|---|---|
continued...
Page 13
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Randeria Fund Graham Pollard Memorial Fund Endowment funds Permanent Endowment TOTAL FUNDS |
Incoming resources £ 289,926 259 15 274 27,593 317,793 |
Resources expended £ (274,999) - - - - (274,999) |
Gains and Movement losses in funds £ £ (96,993) (82,066) 855 1,114 51 66 906 1,180 91,472 119,065 (4,615) 38,179 |
|---|---|---|---|
The objects and purposes of the various funds are as follows:
Permanent Endowment Fund
To support bibliographical research and publications.
Designated Funds which have been set aside for specific purposes:
Randeria Fund
To fund an annual lecture.
Graham Pollard Memorial Fund
To fund an annual lecture in memory of Graham Pollard.
Future Publications Fund
To fund commitments to future publications:
| Hellinga, Marks in Caxton Goulden, Book Trade in Kent Coppens, 15th and 16th century Printers' and Booksellers' Catalogues Benson, Dublin Book Trade Gadd, Stationers' Company Liber A Afterlife of Aldus Roberts, Herbert of Cherbury Pearson, English Book Owners Micha Lazarus, Alexander Nowell Myrone, Prints and Drawings at the British Library: A Handlist Unallocated |
2022 £ 13,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 80,000 237,000 |
2021 £ 13,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 64,000 205,000 |
|---|---|---|
Transfers between funds
Each year a transfer is made from the Endowment Fund towards future publications costs.
continued...
Page 14
The Bibliographical Society
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 15
The Bibliographical Society
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Legacies | 2,500 | - |
| Other trading activities | ||
| Subscriptions | 16,717 | 21,935 |
| Investment income | ||
| Deposit account interest | - | 1 |
| Curr asset inv income | 44,415 | 30,400 |
| 44,415 | 30,401 | |
| Charitable activities | ||
| Sales of "The Library" | 98,705 | 103,021 |
| Sales of other publications to members | - | 57 |
| Royalties | - | 42 |
| 98,705 | 103,120 | |
| Total incoming resources | 162,337 | 155,456 |
| EXPENDITURE | ||
| Charitable activities | ||
| Lectures & meetings | 1,514 | 966 |
| Printing costs -other publications | 7,138 | 13,255 |
| Commission on sales of "The Library" | 24,676 | 25,755 |
| Printing costs -"The Library" | 33,805 | 35,242 |
| Post & storage -"The Library" | 27,024 | 25,173 |
| Grants to individuals | **12,394 ** | 18,380 |
| 106,551 | 118,771 | |
| Support costs | ||
| Management | ||
| Clerical assistance & office space | 12,577 | 12,022 |
| Finance | ||
| Postage and stationery | - | 112 |
| Sundries | 1,692 | 1,258 |
| Bank & Paypal charges | 140 | 652 |
| Website expenses | 975 | 1,098 |
| Exchange difference | **384 ** | (30) |
| 3,191 | 3,090 | |
| Governance costs | ||
| Council & committee Meeting and members list | 6,480 | 531 |
| Carried forward | 6,480 | 531 |
This page does not form part of the statutory financial statements
Page 16
The Bibliographical Society
Detailed Statement of Financial Activities
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 6,480 | 531 |
| Accountancy and legal fees | 7,086 | 4,700 |
| 13,566 | 5,231 | |
| Total resources expended | 135,885 | 139,114 |
| Net income before gains and losses | 26,452 | 16,342 |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | - | 26,552 |
| Net income | **26,452 ** | 42,894 |
This page does not form part of the statutory financial statements
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