Company Registrntion No. 9330 Reglstered Charity No. 235313 The Manchester Literary and Philosophical Society Annual Report and Accounts for the year ended 30 June 2021 KNOWLEDGE IS POWER Founded in 1781 RegSstered oifice COLONYlartin House 24 Hood street. Ancoats Manchester M4 6WX IilliiNI *AAW4NP3S• 2011112021 COMPANIES HOUSE A13 #308 The Manchester Literary and Philosophical Society Contents Page Reference and administrative details Presidenys Report Treasurerfs Report Trusteesloirertors Report 8-19 Independent Examinerfs Report 20 Statement of Financial Activitieslincome and Éxpenditure Account 21 Balance Sheet 22 Notes to the Accounts 23-29 {ii The Manchester Literary and Philosophical Society Reference and administrative detsils Trustees Idlre¢torsl who seNed durlng the perl¢)d Dr Susan Hilton lan Cameron Chris Baker Professor Tony Jackson Peter Hilton Chairman and President President Elect113 May 2021} Vice President Vice President Honorary Secretary (resigned 22 September 20201 Honorary Secretary lelected 22 September 2020, resigned 30 January 20211 Honorary Secretary (elected 19 April 20211 Honorary Treasurer Honorary T￿asurer Honorary Editor of Memoirs IEX Officiol Robert Stansfield-cudworth Peter Fenn Trevor Rees Greg Mauchline Professor Graham Booih Christopher Boyes Dr Ronald Catlow Joanna lavelle Professor Desmond Winterbone Professor Kenneth Letherman Patricia McWilliam-Fowler Oianne Bamber Resigned 22 September 2020 Chairman of Arts Section Chairman of Science and Technology Section leletted 22 September 20201 Chairman of Social Philosophy Section Chairman of Young People's Section (elected 22 September 20201 Peter Barnes Petef Whitaker Company Secrethry Peter Fenn CAF Bank Limited 25 Kings Hill Avenue West Mallir Kent ME194JQ IndeperKlent Emaminer Sue H￿chIn$0n FCCA 8eever and Struther5 Chartered Accountants St George's House 215-219 Chester Road Manchester MIS 4JE Brewin Dolphin l The Avenue Spinningfield5 Square mar￿hester M3 3AP Company Registration Number= 9330 Charity Registration Number.. 235313 Principal Office.. COLONY Jattin House 24 Hood street. Ancoats Manchester M4 6WX 121 The Manchester Literary and Philosophical Society Presidenvs Report It has been a rather unusual and challenging third year of my Presidency of the Manchester Literary d Philosophical Society I'Lit & Phil'l, and I pay tributè to all the hard work and dedication of the different Sectiorbs, their committee members, the members of Council, and especially to our very hard-working and profe55ional staff, Rachel Croft (Partnerships and Membership Development Manager) and Aude NBLryen Duc (Operations and Volunteers Manager). We have also added Will Stonier to our Office Team. and he took up the post of Events and Development Co-ord¢nator on 4 January 2021. Our Office Team have also been working from home most of the time. The Society 31$0 had a one-off opportunity to give notice on ¢)ur office premises in Ottober 2020, so. after much discussion and research on nearby alternative office space, the decision was taken to move out of Church House and relocate to our new premises in the Ancoats district of Manchester. Thi5 took place in April 2021, with our collection of archives, artefacis, books being moved to secure and appropriate storage for the time being. Also. as much as possible of the paperwork was digitised. I thank our office team for their hard work on this enterprise. Again, it has beèn 3 challenging year, due to the Covid-19 pandemic, causing major alterations to the way of life for all, which includes the changes which the Society has had to introduce irb order to continue to fulfil its role and mission. As the Lit & Phil has been in existence since 1781, Ir is crucial tktat despite all the difficulties, we survive and find ourselves able to carry on with all the educational and social activittes with which we are $0 strongly associated. One of the aspirations of the Council and Officers had been to hold some of our lectures online. but we were for¢eil to move all our lertures to an online platfofm, and we have had to do this since March 2020. However, the steep learning curve needed for this has been overcome. though we are very anxious to have'live, events as soon as possible. especially important for the social side of our lectures. and much valued by all our members. Members of the Council put in so much time and hard work for the Society. and these are - Vice- Presidents Chris Baker 3nd Tony Jackson. who have provided invaluable information. advice. and 5UPPOrt, as have the Honorary Secretary IPeter Fenn took up thi5 P05t in April 20211 and the Honorary Treasurers Trevor Rees and Greg Mauchline. The post of President Elert has been vacant since September 2019, and I stayed on an extra year as President for 202-21. We now, after an EGM on 13 May, have a new President Elect. Mr lan Cameron, who will take up the post of President at the AGM on 21 September 2021. lan is currently a member of the Social Philosophy committee and has been a rnember of the Lit & Phil since 2010. He has already shown much enthusiasm for the rde of President, and I wish him well over his term of office. The Section Chairs- Dianne Bamber1Science and Technology), Patricia McWilliam-Fowler (Arts). Peter Barnes Isocial Philosophy), and Peter Whitaker (Young People) have all run their comrnittee5 efficiently and provided the lectures for each Section in good time. They are very advanced into the planning of more for the next season - and beyond. Each Section holds an annual meeting, to elert members of that committee, and provide a report on their artivities durrng the year. We now hold these meetings consecutively so that in one hour, members can hear all these reports and have the opportunity to join a committee, orjust to hear about the Section attivities. Thi5 year the meeting was held on l June and was well-attended. Professor Graham Booth has produced another Set of Manche#Èr Memoirs. whtch is available free to all members online, and the book is full of very interesting and detailed information about the Societls activity over the previous year. Elected Council Mernber5 Chris Boyes. Ronald Catlow. Joanna L3velle, and Desmond Winterbone have all Contrib￿e￿ idea$ practical help in many ways. We a150 thank Christine Chappelle, our honorary librarian. for all her hard work %wth the archives and artefarts held at Ihe Society Office5 and her advice regarding the recent move. 131 The Manchester Literary and Philosophical Society Throughout the 2021>21 season there have been a great number of lectures. all online, several seminars. though few extra-mural visrts la city walk arourtd Manchester is plonned for 21 July. Covid regulations permitting). Due to the ongoing pandernic, and the varying lockdown measures we have held all OUT meetings and events online, wa the Bluejeans video-¢onferencing platform. It has been a steep learning curve for all, but I particulady thank our office team for their technical expertise, and also their patience as members and guests also had to leam much new technology- alon8 With our speakers of course. The 2020 AGM was held on 22 September. and thi5 was online. We were unable to have the speaker originally booked as the post-AGM event bui will be re-tr￿klng her as soon as the Royal Northern College of Music be¢omes available again. See the summary of the Council lectures as described in another part of the Annual Report. along with the summaries from all the Sections regarding their own lectures and events. as well as the ongoing programme for the 2021-22 season. as far as we can plan at the moment. The quality and depth of each event wa5 universally high. in keeping with the ongoing tradition of the Lit & Phil. de5Plte the limitations of online meetings. and there were many lively question and answer ses&ons following the lerture5. We re¢ently had our 240th birthday. and there was a week of publicity around this. on Socbal media and in the Newsletters (the latter are produced every month for the members). The events planned for the coming term Imichaelmasl promise to be our usual high standard. and we hope for a mixture of online and live lectures. depending on venue capacity and Covid regulations. We also hope to have 'hybrid' events when in a venue, $0 that some members can watch at home if they prefer. I thank each Sertion Committee for their continuing enthusiasm an(1 time. Our three professional staff, Rachel Croft, Aude NBuyen Duc. and Will Stonier are continuing to provide an excellent and professional service to the Society, with many innovative ideas. Their marketing experience. Ir skills. and many other talents have helped the Lit & Phil to run even more efficiently. and we are very grateful to them for all they do for the Society. The Council lecture5 are adMiniste￿d by our Council Lecture Working Group. with input and suggestions from all Council Members of course. So, I thank Malcolm Brown. Chris Boyes, David 8railsford, Ohun Dali and Nanry Jaeger for their input to this Group. Malcolm ha5 also continued to efficiently facilitate our strategic planning group. which has been meeting regularly for the last 2 years, though wrth the pandemi¢ we had to ftxus more on short-term planntng for several month5. We are now starting to put in place some the objertives for the longer term. always with Council approval, of course. This is necessary. as we are aware that there are an increasing number of societies and ofganisations who have similar events to ours, which are providin8 competition. The role of social media is a very important factor. though we recognise that this method of communication will not suit all current and prospective members. Social acrivities are crucial for many of our members, and these will begin to re-emerge as we come out of lockdown- though a new initiative by Joanne Lavelle and John Glenn. known as'Forewords' and Afterword5', have provided a platform for infornial chats online before and after most lectures. Occasional suNeys. and regular feedback after lettures, continue to be very Important, to gutde the Lit & Phil as to the opinions of our members, and we are always very glad to hear suggestions from our members too. Members are of course free to make comments at any time, and if interested, to ask to volunteer their services to the Society, such as being on a section committee, or getting involved more ctively at live lectures. The Treasurers have continued to review the Socievs finances and always report on these at each meeting of Council. They regularly review our investment portfolio with our investment advisers. Brewin Dolphin, and report their findings to c￿nCil. The Society continue5 to be funded by the investment income, along w4th members. subscriptions and occasional donations. Total membership numbers have fallen SI￿ht1¥ this year lsome due to the Covid pandemic. and relurtance or inability to attend online events). and Council is continuing to look at ways to reverse this trend, whilst giving 141 The Manchester Literary and Philosophical Society members value for their subscription fees. We regularly have new applications for membership and re hoping to attract mofe. especially with an aim to be more diverse. Looking to the future, l am sure that Council and the Section Committees will continue to produce excellent topics and lerturers, of interest to many of our members and guests. We encourage any member who wishes to take part in a committee to put their names forward. The Constitution of the Society dictates the tenure of office of each section and Council member, and this is continually reviewed. Termly brochures were composed (Juring 202￿21, and this will be continued. Di8ital infom8tion is much more to the fore, though we are Very aware that some members are unable to ac¢ess this, so postal versions are also produced. As mentioned. every month a Newsletter goes to members, updating them on current lectures, events and other news. A S¢xiety Forum was Set up last year where members can place comment, ideas, and interesting topics they have come across- very useful. especially to those who have been self-isolating. The website is at www.manlit hil.ac.uk and contains full information about the present and past activities of our Society. Finally. I wish to thank all our loyal members for their continuing support of this great Society and hope that membership will continue to be renewed- as well as all new members who have joined during the last season. Dr Susan R Hilton M.B. Ch. B.. DRCOG. M4 FPPH President 2018-2021 The Manchester Literary and Philosophical Society Treasurerfs Report As Sel out in the President's Report 2021 was again a thallenging year for the operation of the society. A year when our hope5 to develop our offer to members and the public were largely thwarted by the ongoing effects of the Covid-19 pandemic. At the same time though. this meant that we did not incur some of the costs we had budgeted for and our investment portfolio performed really well. returning to levels well above its pre-p3ndemic value. Overall. the Society ended 2021 with a net increase in the value of our funds of £224,030. The breakdown of this increase 15 set out in the detailed income and expenditure account below and further explan8tion follows. At an operational level, the Society recorded o defiot of £57.774 compared to a deficit in 2020 of £15.779 and budgeted defic¥i for the year of £64.296. Our budget for 2021 has assumed some form of return to normal operations with regard to our lecture prograrnme. Together with delivery of other initiatives that we had budgeted for. This did not happen and all lectures were delivered online to members and the public. Whilst this achieved savings to our meeting costs. the time required by our professional staff to deliver and sUPPOrt these events meant that we were unable to start the other initiatives we had budgeted for. Again, this delivered savings against budget but has Set U5 back in our ambition to diversify our offer to member5 and the pU￿1C with the objertive of increasing subscription income in the medium to long term. At the same time though. as set out by the President in her report. membership numbers fell during 2021 as a result of both pandemic and it5 impact on our programme delivery. This together with a discount offered to members to stay in the s(Kiety has resulted in a reduction in both subscription income and the a550ciated Gift Aid we can clairn from HM Revenue and Customs. During the year we also invested in the purchase of new compLrters for our professional staff to enable them to work more efficiently at home during lockdown and support our delivery of an online programme. We believe this cost wÉll represent value for money as it will help the Society as we hopefully return to more normal operations and look to broaden our programme offer through other means, such as podcasts. Another Item of additional expenditure inCU￿rt during 2021 was £5,￿0 to engage the University of Central Lanca5htre in a piece of research into the links the Society had in its early days with the transatlantic Slave Trade and its ultimate abdition. This will be reported to the Socbety in the first half of the 2021122 finanual year. The final rnajof Item of additi¢J)al expenditure was the cost5 associated wth our move out of Church House to our new location at Jactin house. This led to an element of double costs as our agreement with our new landlords overlapped with the run off of our lease on Church House, as well as direct costs associated with the move. Going forward through, we will see reduced levels of rent and Service charges. As set out at the start of my report, we achieved a net increase in our funds in the year of £224,030. Despite the operating deficit of £57.774 this was achieved through an increase in the value of investment portfolio in the year of £281.804. This increase is down to the work of our investment managers. Brewin Dolphin, who have not only returned investment portfolio to its pre-pandemic level but have sectjred further growth in its value. This is at a time when the cash we have withdrawn has increased to 5UPPOrt the Socie￿$ investment in its new strategy growth and diversification. We thank them for their work. The Manchester Literary and Philosophical Society In summary, 2021 has been 6 good year financially for the Society, despite the level of operating deficit. Our position at 30 June 2021 puts us in a strong position for further investments in the future. Trevor Rees Honorory Treosuref Income and expenditure account for the year ended 30June 2021 2021 2020 INCOME SL¢bscriptions and Gift Aid Invesiment income Donation5 & legacies Other income 26.510 26.156 32,708 39.488 2.909 277 796 TOTAL INCOMING RESOUR 53.$06 75,382 Expenditure Function costs Functions and meeting costs Research costs Printing of Memoirs PrograrnmeslPromotional Expenses 12.130 l.S91 1,363 3.245 16,738 7.575 Office c sts Rent and services charges Office relocation Heal and light Website and IT costs Staff costs Library Stationery and photocopying Postage, telephone and equipment hire Insurance Sundrie5 16,36S 4.673 459 8.728 55,512 15,985 217 37,292 133 952 952 138 88,823 1,975 61,362 Societ costs Legal and professional fees Independent examination fee Investment management fee Bank chargeslPayPal 820 2,710 10.592 760 14.882 31 9,643 13.061 TOTAL COSTS 111.280 91.161 Net operating defficit 157.7741 115,7791 Net investment Ilosse5llgains 281,804 184,3321 Net movement in funds 224,030 Iico,iiil The Manchester Literary and Philosophical Society Trustees, / Directors, report 2020-21 The Trustees, who a￿ directors for the purposes of company law. present their annual report and the financial statements for the year ended 30June 2021 and confim that they comply wth the requirements of the Charitie5 Act 2011 and the Charities SORP IFRS1021. Objectlves and artwities As determined by the SocietV5 memorandum and article5 of association the Society is established for the object of prornoting the advancement of educatiffi and the widening of public interest in and appreciation of any forrn of literature, science. the arts and public affairs through a series of public lectures presented throughout the year. The programme for the year to 30 June 2022 is at an advanced stage and should be as varied and interesting as in previous years. Publi¢ benefft The trustees confirm that they have complied with the requirements of section 17 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. In particular, the delivery of our annual letture programme educates members of the public, includin8 young persons a5 described earlier in the annual report. Achiévements and perfonnantt The Manchester Literary and Philosophical Society. founded on 28 Febiuary 1781, is the second oldest leamed society in Britain. Many of the founding members were medical men, resident in the King St, Piccadilly area of the city,. the earliest meetings took place in a room in the original Cross 5t Chapel, but in 1799 the Society moved to 36 George Street. which rernained its home until the Blitz of 1940. From 1960-1980, the Society enjoyed the f•cilitie5 of its rebuilt home, but since 1981 has not had its own premises. Today it operates from a shared office space based in Ancoats. To facilitate this, our archives have been stofed at a facility speciali5ed in heritage storage in Oxford. By the 1860s. membership had expanded to over 2￿ and included prominent merchants, engineers, and manufacturer5. Women were not admitted to membership until the beginning of the 20th century. Many famous scientists. engineers, physicists and mathematicians have been members of the Society, the most famous being john Dalton. the 'father of modern chemistrf. a member from 1794 until his death in 1844. Much of his original research was done in a laboratory at the S¢xietV5 George Street House. Other notable past members include Dalton's gifted pupil James Prescott Joule. Peter Mark Roget, the originator of the Thes3urus- William Fairbairn the engineer. Henry Roscoe the chemist,. Ernest Rutherford the nuclear physicist. Joseph Whitworth the precision engineer as well a5 Professor Torn Kilburn and Alan TiJfiW computing ￿oneerS and Professor Sir Bernard Lovell. Ourachievement is our ability to produce lectures ènd evenrs of the highest calibre on a wide and varied number of topics. To appreciate this, y¢)u need to visit our website to be able to review for yourself the programme for our 2020121 session. 18) The Manchester Literary and PhSlosophical Society Review of actlvltles As in previous years the Society again enjoyed a very varied and interesting programme throughout the year. Detailed below are reports from our section5 detailing the activitie5 during the year: l. Arts All of our lectures this year have been online. The Arts Section lecture programme began On 6 October 2020 with a presentation given by Arts Section Committee member Joantha iavelle on The Remarkable World of Joyce Grenfell - Lucky Arnateur or Consummatè Professional. Joanna has been performing Joyce Grenfell'5 work for over 30 years and in this talk she gave an insight into Joyce's background and professional career. Joyce Grenfell was an entertainer. writer. singer. film actress and broadcaster on both television and radio, and Joanna argued that though Joyce died 40 year5 ago, her influence can Still be seen through the work of today's performers. On 24 February 2021 Art5 Sertion Committee rnember Jim Howell gave the audience an insiBht into a country he loves in hi5 talk entitled Dying Lau8hlng- a Short Walk Around Romanian Culture. After accidentally starting to study Romanian while taking a degree in French at Manchester. he first visited the country to spend a year as a British Council Scholar studying Philology. then spent most of the nineties based in Bucharest whilst installing banking 5Y5tems. This gave hirn the opportunity to wander the mountains and he spent time talking to Shepherds and visiting a h05t of interesting place5. Hi5 talk aimed to give an overview of the culture he love5- including an item about an unusual graveyard known as the Merry Cemetery,. a shepheids. folk-song and the work of a great 2Q' century poet and philosopher Lucian Blaga. His wide experience of running tours has provided a rich collection of people an(J places for Mike H4￿Ints0￿orn. He spetialises in particular aspects of Victorian and 20th Century history, with a diverse lecture programme that gives an informative and entertaining look at s¢xial and arthitettural history. with subjects from cemeteries and sewers to theatres and country houses, and in his talk Intere51ing Times- Interesting People on 13 April 2021. he recounted some of the more memorable experiences he has encountered across the globe from London to Chicago. Why does George Orwell matter today? This was the theme of Or Alan Sennetvs talk- Geor On¥ell- A Political Life. on 4 May 2021. Orwell's analysis of authoritarian regimes means that many of his phrases and concepts have become part of our everyday language- such as 'BiE Brotherf and 'Newspeak' and highlighted issues which are common today such as the intrusive state and 'Fake News,. In many areas Orwell's political insight never seemed so apposite as today. But Dr Sennett said his arguments needed to be understood in the context of Onvell's own experience and he gave a fascinating insight into his background- from being an imperial policeman in Burma, a struggling writer in the depression. and a fighter against Fascism in Spain to being an analyst of the emerging Cold War. Professor Vl¥leTr Gardner highlighted the extraordinary life of Henry Cyril Paget in her talk on 7 June 2021 entitled.. '5ènsation. Sensation. Sensation. Collerting the New Age- the Extraordinary Case of the 5¢b Marquls of An8lesey in a snapshot of the 'nev/ lifestyles of many of the cultural elite in Britain at the turn of the last century that fascinated so much of the country. Paget inherited the Marquisate at the age of 23 with an annual income of £IIO.OLK) ond within four years bankrupted the estate. He was an obsessive collector spending on jewels. cars. boats. furs, perfume. medicines an adopted child and theatricals. He died in Monte Cado in 1905 aged 30. Professor Gardner argued that paradoxically the Marquis's collecting was only made possible by the very aristocratic privileges under threat from the major social and polrtical shifts taking place in the peri(xl. 191 The Manchester Literary and Philosophical Society The Lit & Phil is collaborating with Manchester Cathedral in 2021 as it celebrates 600 years since the granting of a li¢ence frorn King Henry V and Pope Martin V to establish a colle8late church in Manchester in 1421. The Cathedral is holding many special events including a series of collaborative lectures with the Society. On 15 June 2021 rim cock￿ spoke about Manthester and the Cfvil War. As the Civil War erupted. Manchester. a peaceful quiet market town. declared for Parliament (Satford declared for the Kingl. A Aoyalist Force led by James Stanley- Lord Strange-llater the Earf of Derby) laid siege to M3nche#er in September 1642. The lecture told the story of the week-long sÈege- which involved St Mary's Church, now the Cathedral and Lord Strange's town house- now Chetham's Library and Music School. The siege was said to be very much an amateur affair smth few experienced soldiers on either side. and matters were not helped when it rained all weekl Eventually the Royalists departed. The intriguing hidden meanings In a portrait of two ambassadors to the court of Henry Vlll at the time of his divorce from Katherirbe of Ara8on was the fascinaiing topic of Brian Healevs talk on Han5 Holbeln and the Ambassadors Secret. on 28 May 2021. The painting. which hangs in the National Gallery. has been the subject of much interpretation and research. Brian Heale¥ts lecture looked at the possible significance of the paintinls many details and the relevance they may have had to the political background that was threatening to destabili5e the then known world. Patricia McWilliam-Fowler, Chèir. Arts Comrnittee 2. Science and Tethnolozv This summary reflerts a year which has been affected by the Covid-19 pandemic. All lecture5 have been delivered online using the Blue Jeans Events app as opposed to our usual prattice of delivering them live at the Royal Northern College of Music. This has had some positive OLrtcomes in that people outside the Manchester area have been ableto attend the lectures and this maybe something to consider80in8 forward to increase membership of the society. Similarly. lecturers who may not have been able to present lertures due to the time constraints of travelling have been happy to present online. The negative aspects are that the social side of attending lecture5 and meeling the Speakers has inevitably been absent. The session has been a SLKcessful one for the committee as we have bmplemented the 2020-2021 programme. developed last year. and also planned a programme for next year. 2021-2022. In addition, following the success of the afternoon seminars in Church House last year. we have planned a similar online event forjune 16th 2021. This was an initiative by Brian Tyler and the topic is climate change. We are pleased that Dr Claire Gough from the Tyndall Centre for Climate Change Research has agreed to contribute. The 2021>2021 programme ran effectively using the Blue Jeans app and our lectures were well attended wlth good feedback. The lettures presented this year were as follows. Ih Sept 2020 hris Goodall 9 Sept 2020 avid Cole-Hamilton & M Pilar Gil 19th Oct 2020 ichard Rawlins 19th Nov 2020 ichael Merrifield I" Dec 2020 ill Dixon iilh Feb 2021 avid Brown I, April 2021 sabel Hook* 'Joint Letture with the Institthe of Physics hat we need to do now lements in Danger eal Secrets of Alternative Medicine 1st Century Telescopes loudy with a chance of p8in esign and Operation of Dams upernovae and the Search for Dark Energy iioi The Manchester Literary and Philosophical society Next yearf5 activities may be presented live at The Royal Northern College of Music or may still be online Oepending on government recommendations related to the Covid-19 pandemic. We have finalised our programme for the 2021-22 session and it comprises the following.. 7th Sept 2021 raig Underwood 10 Nov 2021 leanor Stride 7th Jan 2022 hris Jackson 28th Feb 2022 avin Brown th April 2022 hankar Balasubraman>an 7° May 2022 irsty Penkman tyRearran8ed from April 2020 e finy Spacecraft Revolution. ngineering Bubbles for Targeted Dru ooking Inside Volcanoes rtificial Intelligence.. Myths and Realities igh Throughput Genome Sequencing ITBCI eochronology rrBCI Delivery In addition, the committee has set up a lectu￿ on climate change from Professor Sir David King FRS, to be presented as a Council lecture on 26th May 2022. Committee for 2021-2022 Dianne Barnber (Chairl (May 20181 Minaxi Desai (May 2017} lan Cameron IPresident-ex-Officiol Melissa Lord Ico-optedl Paul Miller (Feb 20171 Jim Thomas (Secretary) (Feb 20191 Peter Williams (Feb 20191 Desmond Winterbone (October 20161 Le51ey Roberts IM3rch 20211 rres ondin Chris Baker Michael Sinnott Members I would like to take this opportunity to thank all the committee members fortheir contribution this year and their valiant effort5 in rnakin8 the online lectu￿$ a success. I would like to particularly thank lirn Thomas for stepping into the secretary role at short notice and carrying it out so efficiently. Also. our outgoing president Sue Hilton for her valuable input and guidance overtheyears. Finally. I must mention Brian Tyler who, l arn sad to say, has resigned from the committee after many yeats. We will miss your excellent suggestions and Fnput. Dianne Bamber FIBMS, Chair, Science and Technology Committee 3. So¢ial Philosophy In a reduced season of lertures due to working around the Coronavirus Pandemic we held no lectures in the Autumn tem of 2020 but began on the 12th of January 2021 by hearing from Professor George Leeson who addressed members on The Chollenges ond Opportunitie5 OA an Ageing Populotion. This was followed on the 27th of January by Keir Giles who posed the question Whot Drives Russtio to Confrontthe West? On the 24th of March James Cordiner spoke on Engineering theship Canol.. the Post, Presentond Future. Most recentty Professoi Oavid M Schultz lectured on How Extreme Weother EventsAlterdue to Climote Choflge. The committee has one more lectu￿ this season which will be delivered by Caroline Churchill who will speak on Delio Derbyshi￿ ond the BBC Rt7diophonic Workshop. Iiil The Manchester Literary and Philosophical Society We have six lectures arranged for the next academic year although few dates have yet been agreed. They will be taken from the seven listed below tlepending upon the availability of the lecturers. Professor Michael Wood- The Beginnings oAShokespeaTe- New Finds ond Fresh Thoughts Professor Anionwu- From SKkle Cell to Seacole.- In Conversation wth ProfrssorDame ElizobethAnionwu Dr Daria Kuss- The Addictive Effects of Socit71 Medio, Sir John fimpson - The Future of the Town Centre (proviS￿n01) Janet Warr- the Moravion Settlement in Monchester Drjohn Roberts- Are We Losing the Ability to hove Freespeech? Professor David Spenser- The Four-Doy Week I will be stepping down from the chair at AGM in September but should like to thank Philip Hulme 15ecretaryl, lan Bradford, Marcia Mccauley. lan Cameron. Susan Hilton, Sheila Whitaker. Kenneth Letherman and 8rend3n Hegarty for theirtime and hard work throughout the year. We have had happv committee meetirw. Kenneth Letherman and Brendan Hegarty have indicated that they will be stepping down from the committee but we look forward to more volunteers from among the members of the Societyjoining us. l am delighted to announce that Sheila Whitaker has agreed to take the chair when the committee resumes meetin8 in the new academic year. Peter Barnes, Chair, Social-Philosophy Committee 4. Young Peoples The YP Section is responsible for planning and delivering 3 lettures per year, designed to appeal to Young People, particularly of 6th form and early college years, though also to the Society members and guests. However. as a result of the Covid pandemic. our Section actually delivered 4 lectures during the year. including the Societws pioneering Bluejeans online event which took place on May 20t last year, featuring Or Kirstie Whitaker. research Fellow at the Alan Turing Institute, and entitled Yhere are no adults: My Journey to realSslng that no one has a Planl, It took the form of a interview involving Withington High School 6th fomi pupil Tea Milanovich posing questions to Kirstie and the format proved highly succe55ful. Melissa Lord gave the Vote of Thanks. Our next letture took place on November 3rd delivereil by Terry Cala8han, Professor of Arctic 8iology and Director of the Sheffield Centre for Arctic Ecology, Animal and Plant Sciences at the University of Sheffield. His topic was Yhe Rapidly Changing Arrtic- what it means for the rest of the World,. Melissa Lord chaired and ne￿Y co-opted committee member Tea Milanovic delivered the Vote ofThanks. On February 4, . James Grime. a British mathematician and speaker formerly of the Millennium Mathematics Projett at the University of Cambridge. delivered his talk entitled 'Bits and ple￿$. Secrets of a Di8ital World.. chaired by myself with Meli55a Lord givinE the Vote of Thanks. And on March IS", our final talk of the year was given by Sarah Bridle. Professor in the Extragalactic Astronomy and Cosmology research group in the Jodrell Bank Centre for Astrophysics, part of the Sthool of Physics and Astronorny at the University of Manchester. Her title wa5 'Chan8e your Diet: the 1121 The Manchester Literary and Philosophical Society easiest way to hèlp reduce your Cllmate Impacv. and the Vote of Thanks was delivered by our resident 'young' committee member. Tea Milanovic At our SectSon Committee Meeting on f4ovember 24 . we had debated and agreed to seek expert speakers to address the following theme5'. Building an Induslve Sodety. E¥idence above Opinion and Cllmète Change and As%Kiated Challenges. ￿th each committee member identifying a potential speaker for each topic, from which, following debate, we selected our target speakers for the winter programme. As a result, the following approaches have been made.. Tuesday November 30 . Paul Dennett. Crf(y Mayor of Salford on the theme of'The future development of the Greater Manchester Region over the next 20 years.. Wednesday February 3rd 2022.. Beth Hewitt, Senior Lecturer in Media Prattice at the University of Salford and Creative Dirertor of Media Futures 2020 on the theme of 'Evldence al)o¥e Opinion,.) Wle March 215t 2022.. All¢e Larkin, Professor of Climate Science and Energy Policy. and Vice-Dean and Head of the School of Engineering at Manthe5ter University. on the theme of 'Cllmate Change and Assoc5ated Challenges.. Centenary.. 2021 is the l(LJth anniversary of the founding of the Young People Settion. To mark thls Centenary. we are co-hosting wth Council the high profile speaker Bobby Seagull to deliver a talk on Thursday 215t October entitles,A Life of Learning The Current Youn8 People CommittÈe Members are: Chairman= Peter Whitaker Secretèry.- Melissa Lord George Baker Vienna Barowska (co-opted Rachel Croft- ex-officio SLrsan Hilton- President- ex-officio Lady Mary Mallick Teodora ITeal Milanovic Icwedl It is intended to recruit an additional 2 members during the year, and we would invite any members, particularly but not exclusively, those with active involvement with young people and their edtscation. I would like to thank the commmittee members for their time and expertise in furthering the aims of our section. A key aim for the next year is to systematically develop our marketing to attract a larger number of lecture attendee5 and widen the contact level particularly with 6th form colleges throughout the Greater Manchester region Peter Whitaker. Chair, Young People Committee S. Council Summary of Council Lertures and Events during 2020-21 Sea50n. with details of the'2021 Cathedral, lectures as a separate section 22 September 2020 6.30 pm. s￿lety AGM. online The AGM was held online. and details have been included in my Annual Report. Normally thts would have taken place at the RNCM and followed by a Council lecture. We had booked Professor Linda Merrick. Principal of the RNCM for this, but as we could not use the RNCM a5 a venue. her talk has been deferred, and we hope to hear her 'live' during the 2022-23 season. 8 December 2020 at 6.30 p.m. online- Paul Vallety-'Philanthropy- from Ari5totle to Zu(kerberf Paul is a writer and consultant on religion, international development. and busine55 ethics. He is also a visiting professor in PulAic Eth￿$ and Media at the University of Chester. and senior Honorary Fellow at the Global Devdopment Institute at the University of Manchester. We weredelighted to hear Paul, who 1131 The Manchester Literary and Philosophical Society delivered a veryerudite talk on Philanthropy though the ages. He had recently published his book, which contained amazing details of the origins and trends of the subject of Philanthropy. This was a very dSfferent concept in the time of Aristotle. 27April 2021 al 6.30 p.m. - online- Profe550r Barbaia Sahaklan- Sem. Lies and Braln Scans. Another fascinating talk. from Professor Sahakiarb, Professor of Clinical Neuropsychology at the Department ot Psychiatry and Medical Reseèrch/Wellcome Trust Behavioural and Clinical Research Institute. at the University of C3mbrid8e. She is also an Honorary Clinical Psychologist at Addenbrooke's Hospital, Cambridge. She has done extensive ￿Search into how the brain works, l(K)kin8 for thought proces5e5, etc. by ihe use of brain scans- but reassured us that no, there is no way that our minds can be 'read' not yet anyway! There are ethical questions around using neur05cience in the consumer marketing industry also. However, much success has been made in working with individuals in a 'vegetative' state, discovering what may be in the minds of those patients. 20 May 2021 at 6.30 p.m. - Per¢ival Le¢¢ure - online - Prolessor Karl Daysm, of the Unlverslty ol 5alford-'Back to the Future Part l or Part 2? Researth and Hl8her Education In the Zl" Centurf. Our annual Pertival lecture. hotted in tum by the University of Salford, Manchester Metropolitan University and the University of Manchester took place on 20 May (deferred from May 2020 due to the pandemic). It was the turn of Salford. and Professor Day50n presented the lecture. on behalf of the University. He is the Pro Victrchancellor for Research and Enterprise at the University of Salford and is currently focussing on the role of technology in addressing financial inclusion, amongst other things. His le￿Ure included a robust look at the fundin8 of hagher education and research, the conventions of how we admit students to further education, and the need for a fresh look at this aspect. Lockdown ha5 intensified this need, as well as rethinking the future of research in this country. And how are we going to connect with overseas students in the f4Jture? Food for much thought. 2 June 2021 at 6.30 p.m. - Jonathan Walton-'Science. Politlts and Adventure in Antarrti¢a' Jonathan Walton is a Geospaiial Engineer and was one of thè original members of the British Antarctic Survey, working as a glaciologistlsurveyor in 1973 and beyond. Although now retired, he still spends 5 weeks a year (not this year, due to Covidl 3$ a member of the expedition stsff on 3 small totsrist ship visiting the area. He gave a very informative and th￿oughlY entertainin8 lecture on the three aspects of Antarctica. which showed a truly global co-operation in maintaining the continent as well as continuing with much scientific work there. 9 June 2021 ai 6.30 p.m. - Prolessor Christopher Griifiths- Ili5ual History and Oerniatology: From Natural H15tory to Art HSstorf Professor Christopher Griffiths, 08E is currently a consultant dermatologist at S3lford Royal NHS Foundation Trust and is the Foundation Chair of Demiatology at the University of Manchetter. He is also Director of the Manchester Centre lor Dermatology Research. and Head of the Dermatologv Theme of the National InstitLrte for Health Research INIHRI at the Manchester Biornedical Research Centre. He also travels 8lob31ty and does some work in refugee camps. He has developed a visual literacy course for dermato1￿1$tS in UK and Etjrope, and described the close relationship between nature and art, with emphasis on observation and interpretation. This lecture covered art, medicine, natural history and social history, thereby satisfying a wide range of interests. We thank him for his patience as this lecture was postponed on 2 occasions- but it was definitely worth waiting forl 22June 2021 at 6.30 p.m. Prolessor Helen Gleeson - from tat skins to submarines- new materla15 that are a bit of a stretth.. Professor Helen Gleeson. OBE is currently the Cavendish Chair of Physics. at the School of Physics and AstTonomy, at the University of leeds. She took up this post in 2015. having spent her prior atademic career here in Manchester, becoming the youngest professor of Physics for many decades. in 2003. She has researched widely. with a particular interest in liquid crystals (such a5 are used in LEDS). and ha5 published many papers. She was awarded the OBE in 2009 for her scientific work, as well as her 1141 The Manchester Literary and Philosophical Society dedication to equality and diversity in physics. In her lecture Professor Gleeson explained, in very understandable language. liquid crystal elastomers, which have an auxetit property, and the current and potential uses of them in optics, in new materials, in medicine. such as artificial muscles, amongst other things. Her ongoing specialist research continue5 apace. with the a5SiStance and enthusiasm of her Leeds small team. 21 JUEY 2021 at 10.30 a.m.- Ed Gllnert-extramural event-'A tour Into the very heart of Manchèsterf ImembÈrs only) As I write, this event is yet to take place, but is a guided tour. tailored to the interests of the Lit & Phil, around the heart of old industrial Manchester. Many residents of this great city are unaware of the rich history of the areas we shall be visiting, or may have only read about them. so the walk promises io be fascinating. Ed Glinert is a very experienced local professional guide. it will be a good chance to enjoy the freedoms of the post-lockdown era (we hopell and meet other members face to face again. (Covid measures permitting there may be a chance for at least one more extramural visit in August. though deiails have nor at this moment been finalised.) Future Council Lectures 2021-22 We are planning to commence some live lertures in the Autumn 2021 term, thcKJ8h some will be online. Apart from the remaining Cathedral lectures (see below), lectures and events arranged 50 far are- 21 September 2021- Annual General Meeting 6.30 p.m. online This is a members, only event. and due to the unavarlability of the RNCM at this point in the term, the AGM will be online. and there will be no lecture following it. 21 October 2021- 7 p.rn.- Bobby Seagull-'A Life of Learnin<. at Manthester Conference Centre 7 December 2021- 7 p. - Professor SaHy Sheard- tide tbc but will be themed on hlstorkal aspects of Publlc Helath- Venue- MCC or RNCM. depend1￿ on avallablllty. 17 February 2022- 7 p.m. Sathnam Sangheera-'Le8a¢y ol Emplre- How Imperialism has shaped modern Britaln'_ venue probably RNCM. wlbl 14. March 2022- 7 p.m.- Rob Dwmmond-I1oices. Dlalerts and Accents'_ venue tbc May or June 2022- date tbc Perclval leLture- hosted by MMU 26 May 2022- Sli Davld K5ng- the Dalton Lecture 19 June 2022- Professor Donna Lee- t•de tbc Manchester Cathedral lertures 2021 2021 is the 6LK) Anniversaryof the date when Henry VEranted a licencetoestablish a collegiate church in Manchester. The Lit & Phil approached the Cathedral at the beginning of 2020 and proposed a joint lecture at the Cathedral, in celebraiion of the anniversary. This became a series of lectures to celebrate each century. and themes/speaker5 were discussed. They were all due to take place in the Cathedial. Due to the pandemic, the plans had to be altered. and the lectures became 5 in number with the first 2 centuries combined into one lecture. and we had to plan for the possibility of some being online. The Sertures- Tuesd•y March 2nd- Paul Vallely- covering 1421-1621- Wlhat the charity of the Middle Ages has to teach Bill Gates and Mark Zuckerbery, Tuesday June 15th- covering 1621-1721- Tom Cockitt-'Manchester and the English Civil Warf Wednesday September 15th- covering 1721-1821- Professor Hannah Barker- 'Life in a city of business, noise and strangers= work. family, faith in Industrial Revolution Manchester, {151 The Manchester Llterary and Philosophical Society Tuesday October 26th - Prof Tom McLeish-'Lessons from Medieval Science for Science, and Science-Theology todaW- covering 1821-1921 Tuesday November 23rd - covering 1921-2021- Dean Rogers Govender-A Cathedral for the 21st Centurf. Two of the lecture5 have therefore taken place during the 2021-21 season. but both online. Paul Vallely gave a very interesting 51ant to the concept of Philanthropy during the centuries of 1421- 1621 and related it to life in Manchester and the surrounding area at that time. Tom Cockltt (arranged by the Arts Section) covere(11621-1721, concentrating on the events around the English Civil War. and how the troops used the area around the Catheilral as their c3mpai8n bases. Again. this was online. We thank Canoh Or Davtd Hol8ate from Manchester Cathedral. whojoined us to introduce the Cathedral and the importance of ¢elebratin8 the last 61X) Years. Thanks also go to the Cathedral Administrators, and to Nicholas Rènk for èll their help and encourngement during the setting up of this fascinating project. The Autumn lertures wll take place in the Cathedral itself. maybe with some adjustments for social distancing, and the possibility of streaming the lecture to those who cannot attend in person. Dr Susan Hilton, President 2018-21 1161 The Manchester Literary and Philosophical Society Flnanclal re¥lew The Treasurerfs report on pa8es 6 and 7 sets out the financial perfomiance for the year. 2020-21 saw the S¢xiety continue to 3tlapt its operations during the ongoing COVID-19 pandemic, moving to a completely online programme of events. This presented challenges in terms of maintaining membership number5 and subscription income. At the same time. cost5 in many areas were higher than in 2020, except for our Function costs, as we continued with various initiatives started last year. However, the strong performance of our investment portfolio meant we saw an increase in our funds in 2021 of £224,030 compared to a decrease in 2020 £101,111. Inve5Qment po14ry and rett•rns The Society has adopted a total retum approach for its investment portfolio. As permitted by the Society's mernorandum and article5 of association. the trustees have given Bfewin t)olphin discretion to manage the portfolio within an agreed risk profile working towards a target retum. During 2021, investment income w•$ £26,15612020 - E39,4881 and the value of our portfolio, including cash held with investors at 30 June 2021 was £1,650,32712020- £1,4[￿l.5381. Rlsk management Systems and controls have been and are being established to mitigate risks and Mll be periodically reviewed to ensure that they meet the needs of the Society. Safeguardlng As an educational charity which engage5 Wth young people for some events. Council is fully aware of its responsibilities towards younger people and to this end ha5 o Safe8uardTrng and Child Protection policy which is reviewed annually. GDPR The Society is compliant with the General Data Protection Regulation applicable from May 2018. Re5eryes policy Resefve5 con515t of an expendable endowment fvnd- that is a fund whose primary purpose 15 to generate income to fund the Stxrevs activities, but may also be used direaly for charitable purposes in case of nece551ty or good rea50n. The fund currently enablesthe investment returnto support the Societ(s activities at the rates of retum achievable in the market. The trustees will continue to manage reserves by carefvl stewardship of the Socievs reswrces and controls over expenditure. All of the Society'5 reserve51£1,635,227 atjune 2021 and £ 1,411,197 at June 20201 are unrestricted for use by the Society as it sees fit. All reserves are considered free and liquid as they are represented by liste(l investments that can be realised quickly through theirsale. The investment values have recovered over the course of the year to pre-pandemic levels. Memorandum and Articles of Assoaation These were updated. revised and approved at the AGM of the Society on 7 November 2017. Structtlre. 8ovemance and management The Society is a registered charity and is incorporated under ihe Companies Act as a cOm￿n¥ limited by guarantee. The guarantee of each Trustee is limited to £10 and is payable in the event of the Society being wound up and being unable to meet its debts and liabilities. The organisation is overseen by a Council, whose members are elected at the Society's Annual General Meeting in accordance with the articles. The President and Vice Presidents serve for a period of two years. 1171 The Manchester Literary and Philosophical Society The Chairman of each Section is a full member of Council by the right of that office. Council meets at least five times a year. The SOCIet￿s officers meet approximately ten times a year to superyise the operational activities undertaken by the administrators. Since March 2020 and the lockdown restrirtiijns implemented as a result of the Covid-19 pandemic, changes have been made to the way in which the govemance and management of the Sotiety has been undertaken includin& l. Staff has worked from home since acce55 to our office5 both at Church House and Jartin House was restricted and to ensure their safety. Since June 2021 Staff h85 on occasion worked from the new Offices at COLONY. which has implemented the appropriate COVID restrictions, followin8 government guidelines. 2. Office and Council meetings have been held remotely using video technolo8y- and 3. Our AGM scheduled for 21 September 2021 wll go ahead on that date but will be held USiNd video technology. By doing this, the society has beerb able to crjntinue to exercise good governance and management through the pandemic. TNstee5 The Trustees who served in the year are set cwjt on page 2. Trustees are all familiar with the operations of the Society, and a￿ guided by the officers in matters relatin8 to their legal obligation5 under charity and company law. the content of the Memorandum and Articles of Association. budgets and the financial performance of the Society. Trustees are encourèged to attend external training events, where these moy be appropriate to their role. Trustees are recruited from our membership base. The Memorandum and Articles of Association deterrnine the length of office for Trustees. As periods of office come toward5 their expiry date. succession is planneLI via discussion with members to identify candidate5 and then. if required, a vote by members at the AGM to appoint them to the Board. Indep￿dent Examiners A resolution to reappoint Sue Hutchinson FCCAas Independent Examinerto the Society is to be proposed at the forthcoming Annual General Meeting. SMement of Trustees, re4>onsibilities United Kingdom cornpany law requires the directors of a charity Inamely the trustees) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of that financial year and of the irKoming resource5 and application of resources of the charity for that year. In preparing those financial statements. the trustees are required to= selert suitable accounting policies and then apply them consistently.. make judgements and estimates that are reasonable and prudent,. prepare the financial statement5 ori the g￿ng concern basis unless it is inappropriate to presume that the Society wll continue in operation,. observe the methods and principles of the Charities SORP- and state whether applicable accounting standards have been followed. subject to any departures disclosed and explained in the financi31 statements. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Society and to enable them to ensure that the financial statements comply wth the Companies Act 2(K)6, Charities Act 2011 and Charities SORP IFRS1021. They ère also respon￿ble for Safeguarding the assets of the Society and hence for taking reasonable steps for the preventron and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrlty of the charity and financial information included on the charitvs website. 1181 The Manchester Literary and Phi1050phical Society In accordance with Company law, as the SocieVs drrertors, we confim) that.. so far a5 we are aware, there is no relevant information of whidi the Societ15 Independent Examiners are Ljnaware as the directors of the comparby we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant infomiation and to establish that the Societls Independent Examiners are aware of that infom)ation These accoLtnts have been prepared in accordance with the provis￿n5 applicable to companies, bject to the small companies. regime. Peter Fenn By order of the Trustees Secretory Coullcil- Monday 9 August 2021 1191 The Manchester Literary and Philosophical Society Independent Examinerfs Report to the Trustees of The Manchester Literary and Philosophical Society I report on the accounts of the company for the year ended 30 June 2021 whith are Set out on pages 21 to 29. Respertive responsibllltles of irustees and examh The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under sertion 144121 of the Charrties Act 2011 (the 2011 Artl ènd that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my re5pon5ibility to.. examine the accounts under sertion 145 of the 2011 Act,. follow the procedu￿$ laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Att,. and state whether p8rtitular m3tters have come to my attention. Basls ol Independent examiner's report My examination was carried out in accordance with the general Dirertions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disc105ures in the accounts. and seeking explanations from you as trustees concernin8 any such matters. The procedures unLlertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair virf and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my e¥amination. no matter has come to my attention= which gives me reasonable cause to believe that, in any material respect. the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006.. and to prepare accounts wthich acconl with the accounting records, cornpty with the accounting requirernents of settion 396 of the Companies Art 2CrfJ6 and with the methods and principles of the Statement of Recommended Practice= Accountin8 and Reporting by Charities have not been met,. or 2. to which, ift my opinion, att the accoun to be reache tion sho d be drawn in order to enable a proper understanding of Sue HutchAnson. FCCA Beeverand Struthers Chortered Accountunts St George's House 215-219 Chester Rood Monchester M15 4JE 2014 111 1201 The Manchester Litera and Philosophical Society Statement of Financial Activities / Income and Expenditure Account Year ended 30 June 2021 UNRESTRICTED FUNDS 2021 2020 INCOMEAND ENDOWMENTS FROM Donations and legacies Other income Investments Charitable acti￿tIeS 2.909 277 39.488 32.708 796 26.1 26.510 TOTAL 53.506 75.382 EXPENDrruRE ON Raising funds Charitable activities 110.5921 {l(X),6881 19,6431 181,5181 7&8 TOTAL 1111,2801 191,1611 NET CHARITABLE EXPENDITURE 157.7741 115.7791 Net gainslllossesl on investments 281,804 184.3321 NET MOVEMENT IN FUNDS 224.030 1100.iiii TOTAL FUNDS BROUGHT FORWARD 1,411,197 1,511,308 TOTAL FUNDS CARRIED FORWARO 1.635.227 1,411,197 All the above results derive from continuing operation5. There are no other recognised gains and losses other than the results for the above year. The notes on pages 23 to 29form an Integral part of these a¢¢ounts. 1211 The Manchester Litera and Philosophical Socie Balance sheet As At 30 June 2021 Note 2021 2020 FIXED ASSETS Tangible assets Investments io li 1.617.238 1,360,697 ICM) Investment in SLtbsidiary 12 1,617.338 1,360,797 CURRENT ASSETS Debtors Cash at bank and in hènd 3.632 28.930 1,130 59.764 32.562 60.894 CREDITORS: amounts fallini due wlthln one year 14 114.6731 110,4941 NET CURRENT ASSETS 17,889 50,4LJJ TOTAL NET ASSETS 1.635.227 1,411,197 FUNDS OF THE CHARITY Unrestrlrted funds Expendable endowment fund 1.635,227 1,411,197 TOTAL FUNDS 1,635,227 1,411.197 For the year ending 30 June 2021. the comparry was entitled to exemption from audit under section 477 of the companies Act 2CMJ6 rel4tin8 to small companies. Directors, responslbllities The members have not required the company to obtain an audit In accordance with Section 476 of the companies Act 2(￿16. The d1￿CtorS acknowledge their responsibility for complying wth the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the pmwsions applicable to companies subject to the small companies regime. These financial statements on pages 21 to 29 were approved and authorised for issue by the Trustees at a Cou il meeting held on Monday 9 August 2021 and signed on its behalf by.. P FENN Secretary T REES I crr T￿aSurer Company Registration Number 9330. Registered Charity Number 235313. The note5 on pages 23 to 29 fonn an ints8ral part ofthese accounts. 1221 The Manchester Literary and Philosophical Society Notes to the financial statements Year ended 30 June 2021 l. Charity Slatus The charitable company is limited by guarantee. incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the a55ets of the charitable company in the event of liquidation. The address of its registered office is: COLONY Jacttn House 24 Hood street, Ancoats Manchester M4 6WX l Accountlng polldes Summary ofsi8nifi¢ant acco￿tift8 polioes and key aC￿UntIng e$l￿ateS The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reportin8 by Charities.. Staternellt of Recommended Prattice applicable to charities preparing their account5 in accordance with the Financial Reporting Stand3r(l applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- IChJrities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companie5 Act 2Crf)6 and Charities Act 2011. Basls of preparatlthi Manchester LTrterary and Philosophical Society meets the definition of 3 public benefit entity under FRS 102. Assets and liabilities are initially ￿CogniSed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The accounts are presented in sterling 1£). Going concem The trustees consider that there are no material uncertainties about the charitable company's ability to continue as è going Concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charitable company. 1231 The Manchester Literary and Philosophical Society Notes to the financial statements (continued) Year ended 30June 2021 Incoffll￿ Resources l Debtors and Prepayments All incoming ￿sourceS a￿ included in the Statement of Financial Activities and include.. Investment income Investment income is accounted for when received. Legades Legacies and donations are accounted for when receivable by the Society. Sub5¢rWtlons Sub5cription5 are accounted for when receivable and include the Gift Aid tax ￿COVerable. Debtors Any debtors or prepayments due io the Society are valued at the amount due net of any appltcable discounts. Resources Expended I Creditws All expenditure 15 accounted for on an accruals basis and includes= Charitable txpenditure Charitable expendbture includes all expenditure directly related to the objectives of the Society. Governance Costs Govemance costs represent expenditure incurred in the management of the Society's a5set5 and compliance wilh constitutional and statutory requirements. Creditors Any creditors for which the Society is liable are based upon obligations arisin8 from some past event or service provided which has not been settled in cash by the year end. Cash and Cash Equi¥alethts Cash and Cash Equivalents comprise cash oft hand and c311 deposits. and other short-term highly liquid investments that are readily convertible to 3 known amount of tash and are subject to an insignificant risk of chan8e in value. Fund 5tructsres Restrlcted fvnds Restricted funds arise where the use has been restricted by the donor or by the terms of an appeal. The Society currently has no restritted funds. Unrestrirted funds The expendable endowment fund represents funds whose primary purpose is to generate income to fund the SoCie￿s activitie5 but may also be used directly for charitable purposes in case of necessity or good reason. 1241 The Manchester Literary and Philosophical Society Notes to the financial statements Icontinued) Year ended 30 June 2021 Tangknle fixed assets The Society capitalise5 individual assets wth a cost in excess of £5,(iKI. assets acquired below this figure will be Wr￿en off to the Income & Expenditure account in the year of acquisition. Any items requirin8 CaPltali5ation will be written off over their useful life. For computer equipment this will be 5trarght line over three years and for all other assets. straight line over ten years. Investments Investments are stated at market value. Realised and unrealised gains and losses are shown in the statement of financial activities. Taxation The company is a registered charity and therefore exempt from taxation. Operating Leases Rentals under operating leases are charged to the statement of finanoal attivities in the year to which they relate. Cashflow Statement The Society has taken advantage of the exempti