2022-06-30-accounts

						Page
Reference	and administrative		details
President's	Report					3-4
Treasurer's	Report					5-6
Trustees/Directors Report						7-16
Independent	Examiner's	Report				17
Statement	of Financial Activities/Income			and Expenditure	Account	18
Balance Sheet						19
Notes to the Accounts						20-25

					2022	2021
					6	6
INCOME
Subscriptions and Gift Aid					27,129	26,510
Investment income					22,448	26,156
Donations 8 legacies					6,000	44
Other income					5,550	796
TOTAL INCOMING	RESOURCES				61,127	53,506
Expenditure
Function costs
Functions and meeting		costs			31,183	200
Research costs					835	5,000
Printing of Memoirs					1,827	1,591
Programmes/Promotional			Expenses		11,538	784
					45,383	7,575
Office costs
Rent and services charges					10,000	16,365
Office relocation					322	4,673
Heat and light						459
Website and ITcosts					16,501	8,728
Staff costs					75,495	55,512
Library					15
Stationery and photocopying					556	952
Postage, telephone	and		equipment	hire	1,615	1,044
Insurance					1,231	952
Sundries					152	138
					105,887	88 823
~S
Legal and professional		fees			66	820
Independent examination			fee		2,770	2,710
Investment management			fee		10,796	10,592
Bank charges/PayPal					1,627	760
					15,259	14,882
TOTAL COSTS					166,529	111,280
Net operating deficit					(105,402)	(57,774)
Net investment (losses)/gains					(184,764)	281,804
Net movement in funds					(290,166)	224,030

ur programme fo	r the 2021-22 session	was:
27'"Se t 2021	Crai Underwood	The Tin	S acecraft Revolution*
10'"Nov 2021	Eleanor Stride	En ineerin Bubbles for Tar eted Dru			Delive	**
17~Jan 2022	Chris Jackson	Lookin	Inside	Volcanoes***
28~ Feb 2022	Gavin Brown	Artificial	intelli	ence: M hs and Realities
5'"April 2022	Shankar	Reading	your	DNA: What can it tell us
	Balasubramanian
17~ Ma 2022	Kirs Penkman	Geochronolo		BC **
22"June 2022	Chris Jackson	Lookin	Inside	Volcanoes**

Year ended 30Jun	e 2022
					UNRESTRICTED
					FUNDS
			Note
				2022	2021
				6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies				6,000	44
Other income				5,550	796
Investments				22,448	26,156
Charitable activities				27,129	26,510
TOTAL				61,127	53,506
EXPENDITURE ON
Raising funds Charitable activities			6 788	(10,796) (155,733)	(10,592) (100,688)
TOTAL				166,529	111,280
NET CHARITABLE	EXPENDITURE			(105,402)	(57,774)
Net (losses)/gains	on investments			(184,764)	281,804
NET MOVEMENT	IN FUNDS			(290,166)	224,030
TOTAL FUNDS BROUGHT FORWARD				1,635,227	1,411,197
TOTAL FUNDS CARRIED FORWARD				1,345 561	1,635227

						2022	2021
						E	E
	Donations	and	legacies			6,000	44
	Other income					719	796
	Ticket sales					4,831
						11,550	840
4.	Income from	investments
						2022 6	2021f
	Listed investments					22,448	26,156
5.	Income from	charitable			activities
						2022	2021
						E	6
	Subscriptions		and	Gift Aid		27,129	26,510
6.	Costs of generating			funds
						2022	2021
						E	E
	Investment	management			fees	10,796	10,592

Not	es to the financial statements (co	es to the financial statements (co	es to the financial statements (co	ntinu	ed) Year	ended	30June 2022
7.	Costs of charitable activities
							2022	2021
							8		6
	Costs ofSociety's activities						155,733	100,688
8.	Analysis oftotal resources		expended
							2022	2021
							8		6
	Charitable expenditure
	Rent						10,000		16,365
	Office relocation						322		4,673
	Heat 8 light								459
	Legal & professional fees						66		820
	Website 8 IT charges						16,501		8,728
	Staff costs						75,495		55,512
	Functions and meetings Research costs	costs					31,183 835		200 5,000
	Library						15
	Printing ofmemoirs						1,827		1,591
	Programmesl Promotional		Expenses				11,538		784
	Stationery and photocopying						556		952
	Postage, telephone and	equipment			hire		1,615		1,044
	Insurance						1,231		952
	Independent examination		fee				2,770		2,710
	Bank & PayPal charges						1,627		760
	Sundries						152		138
	Total						155,733	100,688
	Information regarding	employees			and trustees
							2022		2021
							No		No
	Average number ofemployees			during the year:
	Administration
The full-time equivalent number		ofstaff		was	2.3 in 2022 (2.2 in 2021).All staff members				work
on a less than full time basis.
							6		r
	Staff costs comprise:
	Salaries						71,644		53,152
	Employers Pension	contribution			—defined	plan	3,511		2,360
	Employee expenses						340
							75,495		55,512

nvestments held as f	ixed assets
		2022	2021
		E	6
Total investments
Market value at 1 July	2021	1,617,238	1,360,697
Additions at cost		936,116	730,489
Disposals at carrying	value	(1,102,840)	(755,752)
Net gain/(loss) on valuation		(184,764)	281,804
Market value at 30June 2022		1,265,750	1,617,238
Being at market value:
Listed investments		1,265,750	1,617,238
Historical cost at 30	June 2022	1,251,621	1,310,293

e inves	tment portfolio is structured as f	ollows:
		2022	2021
		8	f
Direct	investment	662,434	499,578
Indirect	investment	603,316	1,117,660
		1,265,750	1,617,238

			2022	2021
				6
Investment	assets	in the UK	404,609	574,173
Investment	assets	outside the UK	861,141	1,043,065
			1,265,750	1,617,238

						2022		2021
					6		P
Investment	in	Manchester	Literary	and		100		100
Philosophical		Publications	Limited

									2022	2021
								6		6
Amounts	payable								1,586	1,215
Accruals	and deferred	income							7,408	9,458
Provision	for business	rates								4,000
									8,994	14,673
Operating	lease commitments
The Society has no operating				lease commitments.
Related parties
There were	no related	party	transactions		with the Trustees		during		the year (2021:nil)
Statement	of Funds
Unrestricted	Funds			1 July	Incoming				Net gains/		30June
				2021 6	Resources 6	Expenditure f			(Losses) f			2022 6
Designated	Expendable
Endowment			1,635,227		61,127		(166,529)			(184,764)	1,345,061
Total Funds			1,635227		61,127		166,529			184,764	1	345 061
Unrestricted	Funds			1 July	Incoming				Net gains/		30June
				2020 f	Resources f	Expenditure			(Losses)			2021 f
Designated	Expendable
Endowment			1,411,197		53,506		(111,280)			281,804	1,635,227
Total Funds			1	411,197	53,506		111	280		281,804	1,635,227