Manchester Lit&Phil Manchester Literary and Philosophical Society Annual Report and Accounts for the year ended 30 June 2023 Regisler8d office COLONY Jactin House 24 H)d street. Ancoats Manchester M4 61MA Cornpany Registration No. 9330 Registered Charity No. 235313 4ACZ81TBU* 1910312024 CLMIPANIES HOUSE
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The Mancherter Literary and Philosophical $Iety Contents Pag8 Reference and admlnlstrative details President's Report Treasurerfs Report &5 TrusteeslDir8Ctors Report 13 IrKlependent Examinerfs Report 14 ststement of Financlal Activltiesllncome and Expenditufe AOUnt 15 8alance Sheet 16 Notes to the Accounls 17-23 <1)
The Manchester Llterary and Philosophkal Soctety Reference and administrative details Trustées {direciors) who send durlng the perk)d: Pèter Wright lan Cameron Cigdem Balim Christine Mbarga Trevor Rees Dhun Dali Michael Tso Dianne Bamber Peter Carstensen Manju Bhavnani Alan Wareham Charlotte Lanrgan Jim Thomas Chairmarb and PresKlent Immediate Past President and Vice-President Honorary Secretary- Elected 19 September 2023 HIOrary Treasurer lele¢ted 25 April 2022) Honorary Treasurer Elected 24 January 2022 Elected 20 Seplember 2022 Elected 20 September 2022 Elected 24 July 2023 ected 24 July 2023 Elected 24 July 2023 Elected 24 July 2023 Chair- SGi8nce and Technology Section CMittee Chair- Arts secti Committee (elected 2nd August 20221 Chair- Social Phibsophy Se¢tion Committee (elected 2nd August 2022) Celia Baker Dr Susan Hilton President Bankers Peter Wright CAF Bank Llmited 25 Kings Hill Avenue West Mallir Kent ME19 4JQ Independent Examlner Investmènt managers Helen Binns FCA Beever and Struthers Chart8r8d A¢countants One Express 1 George Lelgh Street Manchester M4 5DL BreYn Dolphin 1 The Avenue Spinningfiekls Square Manchester M3W Company Registration Number. Charity Registration Number. Principal Office." 00009330 235313 COLONY Jaclin H(se 24 Hcod Street, AnC%S Manchester M4 6WX (2)
The Manchester Literary and Philowphical Society President's Report Ovarviow In 2022123 we made some progress towards delivering the key airns of our adopted Strategic Plan, fo¢using on grobmng and diver&fwng our audien$ and Society membership. Our successes induded.. An integrated and expanded programme of events with some excellent sp8akers and topics attracting bigger and more diverse audi8r Introduction of a p)pular new Philosophy Fonjm A tentative rèlum lo social activtty Better marketing of events through our new V+ebsite and media Improved recruitment A consultancy stLKly into our struc*Jre and operntions Publication of our study into links with the slave trade Develowènt of links with likewminded organisatior6. Councll adopted a comprehensive Bu&ness Plan for the year that set out detailed proposals for improvlng govemance, managemenl, programm8. matheting and finance. But dellvery In many of these areas was interrupted and progress was disappoinlirKJ. Problems arose from the loss of key Council officets through resignation and sickness and our failure to find suitable replacements. As a consequence, Ir communications and working links were overstrètched and often ineffective. I would like io take this opportunity lo thank all of those Soaety members and staff who worked through this difficult peri(Kl to sustain our programme and enhance our reputation. In difficult economic times and a competitive wofld our finan¢ial viatylty remains under threat. We have the plans in place to address this and are now focused on the recruitrnent of key indNiduals lo support delivery. The Year Ahead Councll vlll be restructured, taklng account of the firKJings of our consultancy study arKI our exrienCe from the past year. to accelerate the delivery of our adopted strategic aims and to Secu our financral viability- A new Presldent wll bè appointed to su(xeed me at the end of my tern of office. A new Executive Group wll be establlshed wllhin cn¢11 to manag8 the key elements of our Soctety. including management of our professional staff and volunteers, our commercial activtties, our programme and our markets'ng. The roles of Offir8 and elected member5 of C(wncil wll be refreshed. and a support network of volunteers will be èstablished to support Counal. ow Sections arKI our Office. Our recruitrnent campaign is well advanced. Rectuits ryI1 briThJ fresh ideas and techniques to our operations while respecting the great traditions of the Ltt & Ph. lan Cameron Psident (to 14 August 2023) (3)
The Manchester Uterary and Philosophiral Society Treasurer's Report As mentioned in the President's report. 2022-23 has been a difficult year for the Manchester Lit & Phil IMLPI. Internal and extemal constraints meant that the Scoety had to adapt to changing circumstances and plans. ¢erall, our financial perf0rnan is largely consistent with our orfginal plans. the Society had a net operational deficit of £105.189 in the year, in line with a budget of £109,666. However, how the money was spent hasn't been necessarily be in line with our Origal plans though decisions were made through the appropriate channels and procedures. During 2023, the key elements of our thaThJe $tratsgy and their impact on our financÉal perf0rnan were as follows: Development of the new website and branding- the website was delivered on time by Spy Studio. Additional costs were approved to develop a few features Ihat were not In the original webslte developerfs remit. Website on*oing maintenance- ld1110nal budget was approved to ensure the website regular mainlenance. and thus ensuriTrJ its longevity. Change in promotional aclivilies- dectsion was made to abandon temly printed programmes. to save costs. This decision didn't have any negative outcomes in terms.of new memberships or events attendance. The budget was used instead fund Other promotional activities. such as partnering with The Mill, a local newspaper. Working with KIN- Council approved additional budget to o)ntinue working with KIN untll end of 2023. a bu&ness development agency that MLP worked with &rtd of 2022 uslng funds received from the Skills for Growth stheme. KIN has been advising and supporting Council and staff through Ihis periiyj of charKJes. Stsff costs- the orfginal plan was to develop the assistant role to a manager role, but the structural re-organisation and review of staff roles was delayed. so Ihis hasn't happenèd. IncaSed venue from membership and tlcket sales. As noted in last yearfs Accounts. MLP isn't daiming Gift Aid on our subscription incrne. Subscription income in 2023 increased from £27.179 to £35,237. At the same time. income generated by tFcket sales ros8 from £4.831 in 2022 to £8.040 in 2023. Whlle this latest point is encournging. it is dear trtat the IncA)me from subscriplons and ticket sales will not be enough to ensure the financial viabllity of our operations. There are plans to 1. dlversfy our income streams In the medlum tem. 2. de¢se our expeTrJilures. Llke last year. fundirwJ our op8rations LxJm8s from investment porttolio. While in 2022 mart(et uncertainties combined with additional wthdrawals caused the net value of our portfolio to fall. 2023 saw a small improvemenL We have continued to make additional withdrawals from the fund through the yearto fund our change programme. but the net value of our pjrtfolio rose by £77.368. The short-lemi oulook for markets lts)ks promising and we remain conficknt that in the medium to long tem. markets will continue to recover and so will the value of our investment portfolio. We will be worknng more dosely with 8rewin Dofphin in 2023. by giving them more vislblllty on cash expendltures and more regular contacL In conduslon, 2023 was a yèar which saw the Socièty continw to control its expenditure vAthln its budgel and make investments to help us deliver the strategic plans. But it ts dear Ihat MLP cannot continue operating at the current18vel of defiat. and that adsons should be taken in the shortte toen the long terni surrfival of the organisation. Trevor Rees Honorary Tr&%urer (4)
The Manchester Literary and Philosophlcal Society Income and •xp8ndlture account for the year ended 30 June 2023 2023 2022 INCOME Subscrfptions and Gift Investment income Donations & legaues other income 35.237 23,220 567 8.148 27,129 22,448 6,000 5,550 TOTAL INCOMING RESOURCES 67,172 61,127 Expendlturo Function co Functions and meeting costs Research costs Printing of Memoirs Programmeslpromotional Expènses 29,300 140 2,294 8.092 39.826 31,183 835 1,827 11,538 45,383 Office costs Rent and seN¢es charges Offic6 rélocation Heal and light Websile and IT costs Staff costs Library Stationery and photc¢opying Poslage, telephone and equipment hire Insurancé Sundries Repairs and renèwal Websrte amortisatp)n charges 11.406 10.1))O 322 8.379 87.413 17 16,501 75,495 15 556 1.615 1.231 152 612 1.570 105 3,698 113916 105.887 Soci8 costs Legal and professlonal fees Independent examination f88 Investment management fee Bank chargeslPayPal 4,853 2.358 8.842 2,770 10,796 1,627 15,259 18.619 TOTAL COSTS 172,361 166,529 Net operating deficit {105.189) (105,4021 Net Investment (lossesygains 77.368 (184,7641 Net movement In lunds {27.821) {290,166) (5)
The mandtst Literary and Philosophi¢al Society Trustees, l Directors, report 2022-23 The Trustees. who are directors for the purposes of company law, present their annual report and the financial statements for the year ended 30 June 2023 and confim) that they comply with the requirements of the Charities Act 2011 and the Charities SORP (FRS102). Objocllves and aclNltles As determined by the Society's memorandum arKI articles of association the Society is astablishad for the objed of promoting the advancement of edut2tion and the ldening of public interest In and appreciation of any form of literature. saen. the arts and public affair5 through a series of public lectures presented throughout the year. In 2022-23, the Society delivered nearly tsyice the number of events compared to last year. These events were a mix betsveen the usual lalks, and smaller scale events, such as the very popular Philosophy Forum sessions. The programme for the Autumn temi of our 2023-24 programme year is close to being finalised. It will include the usual talks bul also srnaller scale events. which will provide more opportunities for attendees lo explore ideas together. From January 2024 onwards, the Society will introduce a Ihemed approach to programrning. The first theme select8d is 'Environment'. Goc*J progress has been made, wlth one high-proflle speaker already booked. Publlc beneflt The trustees confim that they have complied with the requiremenis of section 17 ofthe Char6ties 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 lecture programme educates members of the public. induding young peTrons as desuibed eartier in the annual report. Achlov¢m•nts and porfornianco The Manchèster Llterary and Philosophical Socty. founded on 28 February 1781. is the second oldest leamed society in Britain. Many of the founding members were medTrcal men. resident in the King St, Piccadilly area of the city,. the eartiest meetings took place in a room in Ihe original Cross St Chapel, but in 1799 the Soctety moved lo 36 George Street. which remained ts home until the Blitz of 1940. From 1960-1980, the Society enjoyed the facilities of its rebuilt home, but since 1981 has not had its own premises. Today il operates from a shared office space based in Ancoats. To facilitate this. rjjr archives have been stored at a facilty speaalbsed in heritage storage in Oxfordshire. By the 1860s, memb8rshlp had expanded to over 21x1 and Induded prorninent merchants, engineers, and manufacturers. Women were nol admitted to membership unts'l the beglnnlng of the 20th century. Many famous scientists. engineers, phYSlSts. and mathematicians have been members of the Sodety. the most famous belng John Dalton, the Y8ther of modem chemisty, 8 member from 1794 until his dealh in 1844. Much of his original research was done in a laboratory at the Swiety's Georye Street House. Other notsble past members InclLKle DaItc'S gifted pupil James Prescott Joule. Peter Mark Roget, the originator of the Thesaurus. William Falrbaim the engineer, Henry Roscoe tha chemist; Emèst Rutherford the nudear physicist. Joseph Vthitworth the precision engineer as well as Professor Tom Kilbum and Aan Turing. computing pioneers and Professor Sir Bemard Lovell. Our achievement Is our ability to prtsjuce lectures and events of the highest calibre on a wide and varied number oftopics. To appreaate this, you need to visit our website to be able to review for yourself the work the society has done and proposes to do in the future. (6)
The Mancheer Literary and Phllosophkal Sodety Review of activities As in previous years the Society again enjoyed a very varied and interesting programme throughout the year. Detailed below are reports from our sections delailiThJ the activities during the year- 1. Arts Committee membershi Celia Baker Is Chair. Joanna Lavelle, David Shreeve and Palrlcia McWilliam-FOer will be stepping down this year. Tony Jackson and Edwina Dyson have agreed to stay on an extra year io ensure continuity but will need pemiission from Council to stay on. Other members are Manju Ghosh and Jim Howell. We will need to attract new members. 2022123 Season Events 19 September 2022- Theatre Group- Group di%ussion ab¢)ut The Glass Menagerie with Tony Jackson and Joanna Lavelle 1 November 2022- Lynne Gibson MBE - Double Outch "Slill Life" 9 and 30 November 2022- Tours of Manchester Art Gallery (MAG) wtth John Ward 16 December 2022- The Figgy Pudding Collethe- A celebration of the music of Christmas 25 January 2023- Professor Hannah Barker- Exploring the past through objects: Religious faith in Northem towns during the Industrial Revolution 3 April 2023- Theatre Group - Group discussion ab(yJt'Cat on a Hot Tin Roof 19 April 2023- Theatre Group- Group wsil to 'Cat on a Hot Tin Roof at the Royal Ex¢hang8 Theatre 25 April 2023- Theatre Group- Post visit discussion 4 May 2023- Frank Wigon - Renaissance Architecture 20 May 2023-Thealre Group- Group visit to 'Can'l Pay W¢)n't Pay, at the Royal Exchang8 Theatre 22 May 2023- Theatre Group- Post vislt distsjssion 8 June 2023- Dr Claire Reddleman - A Curious Pern'S Guide to Digit81 Art. 15 August 2023 - Tour of Intemational Anthony Burgess Foundation Cella Barker Chalr- Arts Committee 2. Sclence and Technology This year has seen an enjoyable programme of events from Sclence and Technology and the Climate Change subgroup. There were five standard events and four climate charye seminars. Al are listed below. The hlghlighl of the season was the Dalton Lecture in March at the RNCM. where we awarded the Dalton Medal to Sir Paul Nurse. There were 142 attendees in total and a group of us. Induding Sir Paul, had an excellent meal afterwards at the Midland Hotel. Reports have been written for all events and submitted for induslon in the Memoirs. On 19th March members of the committee attended the R¢xhdale Science Festival, organised by Mohammed Rahman, FoundirYJ Director of the Rochdale scien Initiative. This was a very stSmulallrvJ experlence. with famllies from differènt ethnic backgrounds enloying the varlous science related activities on offer. The Manchester Lit & Phil stall was well attended and provided much entertalnment. A further event on July 23rd, again organised by Mohammed, wlll also be allended by fflemrs of the c(xnmittee. It is hoped that we ¥11 contribute to other suth events in the future. (7)
The Manchester iilerary and Philosoph•cal Society 2022123 Season Events 5 Oct 2022 Catherine Noakes Pandemic resilien.. How to control a virus How can we achbeve a sustainable nuclear fuel cycle? The seuel of btodiversty and evolution in plants What is life? 6 Dec 2022 Laurence Har¥Yood' 18 Jan 2023 Simon Hiscock 8 March 2023 (Dalton Lecture) 12 April 2023 18 May 2023 ' Postponed until nexl season Sir Paul Nurse Helen Fricker Oemystifying Antarctica.. Ivhat we've learned and what comes next Revolutionising cancer screening Peter Sasieni Climat 26 Sept 2022 28 Nov 2022 S8minar Seminar Reducing your carbon fwtprinL Electric Vehicles Reducing your carbon footprint: air and ground source heat pumps Reducing your cart)on footprint: fotrj and dimate change 20 Feb 2023 Seminar Finally, I would like to express my thanks to Minaxi Desai who has retir&1 as commlttee member and has made many valuable suggestions for speakers over the years. Also, to Martin Hunt and 8rian Ter for all their efforts on the Climate Change Subgroup. Thanks also to Diana Leitth for all her work in obtalning the engraved Dalton medal at short notice for presentation at the Dalton Lecture. Lastly, but by no means least, many thanks go to Lesley Roberts who has been a very efficient secretsry and will be much mt5sed. Her hard work. whilst bathing with ill health. has bèèn much appreoialed. Committ88 membershi Changes in the committee for the 202>2024 programme are as follows: Dlanne Bamber is to step down as Chair as the 3-year temi of office has been completed. Jim Thomas is to replace Dianne Bamber as Chair. Lesley Roberts is to step down as Secretary. As yet there Is no repla¢xmenL Minaxi Desai has retired from the cornmittee. We have a new member. Dr Ambrose Smith. Committee for 202&2024 Jim Thomas Chair (Feb 2019) Dlanne Bamber (May 2018) Prèsident (President 4ex4)ffic40)- this may be subject to change under a n8w struciuré Melissa Lord (c(Fopted) Paul Miller (Feb 2017) Peter Williams {Feb 2019) Desmond Winterbone {Ociober 2016) Lesley Roberts (March 2021) Martin Hunt (July 2021) Tea Milanovic (May 2022) Ambrose Smith (May 2023) Dianne Bamber Chair- Science and Technology Commiitee (8)
The Manchester Llterary and Phllosophlcal Soclety 3. Social Ph'ilosophy 2022123 Season Events A full programme of le¢bJres arKI visits took pla. Details as fr)Il¢Y4YS- 18 Octob8r 2022-,8e8en and Atheism' Philip Goff and Jath s&s headed a lively philosophical debat8. Venue- Bridge 5 Mill. 29 November 2022-'Global Citizen: reporting for duty. . Engineer Yewande Akinola presented an inspiring look at the changing face of living in a nected wortd. and the opportunities it brings. Venue- National Football Museum. 9 February 2023- 'Will humans become extinct through dimate change?' Dr Anders Sandberg- an infomied IcM)k at thls possibility: and If so. vhn? Venue- Halle Sl Peters. 15 March 2023 -'The Great Miss Lydia Be(erf- Joanna Williams- a detsiled look 81 the 19th Century original campaigner for women's votes, and many other rights. Venue- Cross Street Chapel. 6 April 223-'can routine screening for Down's Syndrome be ethicalty justtfied7'_ Professor Becki Bennett- a thought-provoking bioethical debate around all screening in the antenatal period. Venue- Halle St Peters. 10 May 2023-'Feminist activism in Greatsr Manchester. past, psent arKI future. . Helen Pankhurst and Joanna Williams- discussed the Pankhurst family legerHI. and the ongoing fights for women's rights in many walks of life. along with a lively debate from the audience. Venue- Intemalional Anthony Burgess Foundation. Manchester. During the year the Phtlosophy Forum has met regularfy, every 44 weeks. tsking the fomi ofa seminar group, discussing a themed paper each time. This is adminiSterj by the Philosophy Forum administrallon grcMJp, headed by Christopher Burke. Committee mem hi l am currenuy the Chair. with the committee Compris of Philip Hulme (Sècfétary), Peter Bamés, Sheila Whitaker. Pieffe Waugh. Wienna Borowska and John Waterton, along with lan Cameron, Ihe Society President, who is an ex4)fficio member. John Wa18rton has recenuy joined the committee so wlll nead to be fomally elected. We Uld also be happy to consider applications from other members who wish to join the committee. The Philosophy Forum administration grp is headed by Christopher Burke. along with Peter Bames. Robert Mears, John Pilkinglon, lan Cameron and rre. Dr Susan Hilton Chair- Social-Phllosophy Cornmee 4. Councll Council delivered seventeen events in total. includirvJ eight fomial lectu$ and a range of other ev8nts including visits and Sla1 gatherings. There was generally considered to be a good range of topics, a high quality of speakers overall and a numw of exoptional events. 13th Septernber- Welcome Back Sodal- Members were entertained in perfect evening sunshlne on the roof of our Ano)ats office buildlng, a number of emirent guests including the Irish Consul. (9}
The Manthe5ter Uterary and Phllosophlcal Sodety 20th S•ptember- AGM - Our AGM was held at The Roya Northem College of Music. followed by a reception for members 20th September- Why Perfomiing Arts Still Matter in a Changing Wortd- Prof Linda Merrick of the RNCM delivered an entertaining and thought provoking lecture wilh musical input from her talented students. 29th September- Avro Tour- Our fomier PresidenL Sue Hilton led a popular and informative lour of the Avro Museum. 131h October- The Northem Powerhouse: IhThere Are We N¢?- Lord Jim O'Neill of Gatley delivered a tour de force presentation of his personal involvement with suc$S1ve govemments and his hopes for the future. 2nd N*)vember- Manchester: IM)at Changed and lffiat C(xnes NeX- Joumalists John Harris and Hannah A-othman debated Mancheslerfs recent past and ffiJture opportunities. 16th February- Free Speech: Its Pas( Present and Future- Jacob Mth8ngama and Paul Cartledge addressed the thallenges and comFAexities of free speech in the age of cancel culture. 4th Mar¢h~ Young Plalo- screenir¥J of this modèm classic at Hom&. 21st March- Collecting and Inierpreting 'Ancient Egypt. at Manchester Museum - Curator Dr Campbell Price gave an Informatsve and h&hly enlertainlng tslk on the history of Egyplology and the success of the Museum's Golden Mummies exhibition. 22nd March- Golden Mummies of Egypt Tour- Dr pri led a guKled tour of the exhibiti for members. 26th Aprfl - Tèchnology.. a Tool and a Mirror- Pnjf Carolin8 Jay presented our annual Parclval Lecture on behalf of the University of Manch8Ster. 2nd May- Golden Mummies of Egypt Tr- By poputar demand Dr Pric8 klrKlly led a second tour. 18th May- Jodrell Bank Tour- Members enjoyed a fascinating tour of our world famous observatory. 23rd May- Pandemic as a Portal: Rem8mberin9 Covid. R&imagining Soaety- Prof Mark Honigsbaum gave a thought provoking analysis of Covid and tyjr fuiure response to pandemlcs. 29th June- Tour of RHS Garden, Bridgewater- M&mb8rs were treated to an insight into the development of thls beautiful recent addition to the attractions of Mand)8Ster. 9th July- Kindness and Integrity.. Leadership in a Troubled World - Our President chaired an intemalional conversallon with Prof Akbar Ahmed ar¥J Prof Karln Vogt in a collaboratNe event wlth Islamic Festsval organisers MACFEST. 26th Juty- Annual Section Meetings- Our Secti(Ms met al the Anthony Burgess Foundatlon to hear progress reports and to discuss our events projramme over a buffet suppér. Programme events for 202314 have been schedul&Y for the Autumn and affj in pparation for tha Spring and Summer. lan Cameron Presldenl {to 14 Augjst 2023) (10)
The Mandster Literary and PhHosophical Society Flnanclal revlew 2022-23 was a year of iransfomational changes for the Socyety. While we have not made as much progress as we would have hope due to a lack of resources. a recruitment plan is in place to have the calty to deliver the thanges the Society need to undergo to ensure its sustainability. From a budget point of vtew, il means that adjustments were rnade. Budgets were reallocated when appropriate to where the funds were needed. The deficit is much smaller than expected. and the Society stayed In control of its finances and kept in line with budg8t in a period of upheavals. Details of this have been provided In the Treasurels report. Invostm•nt pollcy and returns The Society has adopted a total retum approach for its Investment portfolio. As permitted by the Society's memorandum and artides of association, the trustees hav6 gwen Brewin Dolphin discretion to manage the portfolio within an agreed risk profile wothng toward5 a target retum. During 2023. investrnent income was £23.220 {2022- £22,448) and the value of our portfolio, including cash held with investors at 30 June 2023 was £1.278.059 (2022 - £1.318.772). Rlsk management Systems and controls have been and are belng established to mitigate risks and ¥11 be periodicAIIy revlewed to ensure Ihal they meet the neads of the Socaety. Safeguardlng As an educational charity whith engages with young people for some events. Councll Is fully aware of its responsibililles towards younger people and to this end has a Safeguarding and Chlld Protection policy which is reviewed annually. In January 2023, the Society became a mémber of SafeCIC, a chartty specialising in providing support to organisalions on Safeguarding matters. Work in undenmay to review our Safeguarding policy as par thelr recommendations. GDPR The Soci8ty Is compliant with the Gen8ral Data Protection Regulation applicable from May 2018. Re$orvos poll¢y Reserves nSiSt of a deslgnated expendable end17nent fund., that Is a fund whose primary purpose is to generate InMe to fund the Society's aobvities but may also be used directty for charitable purposes in case of nec8ssity or good reason. The Soclety has used the Cats1 of the fund to supp)rt th8 Socletys grthvth amblknons over the past couple of years. The Society alms now at reduong Its use of the capltal. The trustees wll continue to manage reseNes by careful stewardship of the So(aeVs resoUS and controls over expenditure. All of the Souetys reserves (£1.317.240 at June 2023 and £ 1,345,061 at June 2022) are unrestricted for use by the Society as il sees fil All reserves are considered frèé and Ilquid as thay are representsd by listed investrnents that can be trISed quickly through their sale. The investrnent values have recovered over the c¥)urse of the year to pre-pandemic levels. Momorandum and Artlclos of A6soclatlon These were updated, revised and approved at the AGM of the Society on 7 November 2017. Struthirn, governan and rnanagemont The Sociaty is a registered charity and is incorporated under the Companies Act as a c¢Jmpany Ilmlted by guarantee. The guarantee of each Trustee is limited lo £10 and is payable in the event of the Society belng wound up and being unable to meet ils d8bts and Ilabilities. The organisation Is overseen by a Councll, whose members are elected at the Swevs Annual General Meeting in a¢¢ordance with thè artbdes. The President and Vice PresTrd8nts serve for a period of two years. (11)
The Manchester Uterary and Philosophical Society The Chairman of each Section is a full member of CnCil by the right of that office. Council rneets at least five times a year. The Society's officers meet approximately ten times a year io supervise the operational activities undertaken by the administratOTS. With the post-pandemic'retum to normal,. govemance and management of the Society has slowly retumed lo their pre-pandemic stste: 1. Staff have been given flexibility over working arrangements. with just one day per week needed to be worked from the offices at Colony. 2. Office and Council meetings were held either remotely using video tschnokgy or hybrid, with a mix of online and in-petson attendance" and 3. Our AGM for 20 September 2022 was held in person for the fitst time in two years. We wlll continue to monitor our working arrangements as we hope to provide more opportunities for all involved In the running of the Society to meet and Iatf8Ce. Trustses The Trustees who served in the year are sel out on page 2. Trustees are all familiar with the operations of the Society and are guided by the officers in matters relating to their16gal obligatlons under charity and company law, the content of the Mernorandum and Arbcles of Assoclation, budgets and the financial perfonan of the Society. Trustees are encouraged to attend extemal training events. where these may be appropriate to their role. Trustees are recruited from our membership base. The Memorandum and Articles of Associallon detennlne the18ngth of office for Twstees. As perlods of office com8 towards th8ir expiry date, succession Is planned via discussion with members to identify candidates and then, rf required. a vote by Members at the AGM to appoint them to the Board. In 2022-23, the Society had a number of Trustees slightly under the number set oul in Its Artides of Association. Recruitsnent proved to be dtfficult. The kniety received support from an extemal consultancy agency, KIN, and also. appointed at the Council meeting on 24th January 2023 group called the 'Operational Plan Working Group, to Vrk in Ihis issue. As mentioned in thè President's réport above, a plan is underway to restrncbjre Council and for recruitment for the new roles. Independent Examlners A rèsolution to reappoint Helen Binns FCA as Independent Examiner to the Soctety was approved at thè Annual General Meeting. Statement of Trustses. responslbllities United Kingdom company law requlres the directors of a charity (namely the Irustees) to prepare financial statements for each financial year which give a true and fair view of the state of affalrs of the charity as at the end of ihat financial year and of the incoming resources and applicatlon of resources of the charity for that year. In preparing those financlal statements. the trustees are required to: selèct suitable accounting poliaes and then apply them consistently: make judgements and estimates that are reasonable and prudent: prepare the financial ststements on the going wncem basis unless it Is Inappropriate to presume that the Society 11 ntinue in operation.. obseThe Ihe methods and principles of the Charities SORP: and slate whether appIlble accounting stsndards have been followed, subject to any departures disdosed and explained in the finan(ial ststements. The Trust8es are responsible for keeping proper aGcounting records which disclose WFth reasonable accuracy at any lime the financial position of the sIety and to enable them to ensure that the financial ststements comply with the Companies Act 2006. Charilies Act 2011 and Chadlles SORP (FRS102). They are also responsible for safeguarding the assets of the siety and hence for taking reasonable steps for the prevention arml detection of fraud and other (12)
The Mand*ster Uterary and Philosophi¢al Society irregularities. The trustees are responsible for the Maintenan and integrity of the charity and financial infomialion included on the charity's websile. In 8ccordance with Company Law. as the Soaety's directors, we confim thal.. so far as we are aware, there is no relevant inf0mtiOn of which the Society's Independent Examiners are unaware as the directors of the company we have taken all steps that we ought to have taken In order to make ourselves aware of any levant infomiation and to estsblish that the Society's Independenl Examiners are aware of that infomation These accounts hav8 been prepared in accordance with the provlsions applicable to companies, subject to the small companies. regime. lan Cameron By order of the Trustees President (to 14 August 2023) Coundl- Monday 14th August 2023 (13)
The Manchester Literary and Philosophical Society Independent Examiner's Report to the Trustees of The Manchester Literary and Philosophical Society I report on the accounts of the company fLY the year ended 30 June 2023 which are set out on pages 15 to 23. Respectlve responslbllltles of trustees and examlner The trustees (who are also the d1CtOrS of the company for the purwses of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not reqUId for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independ8nl examination is needed. Havlng satisfied myself that the charity is not subject to audit under eAxnpany law and is ellgible for independent examination. it is my pOnsIbIlity to- examine the accounts under section 145 of the 2011 Act: to follow the procedures laid down In the general Directlons glven by the Charity Commission under section 145{5){b) of the 2011 Act: and to state whether particular matters have come to my attention. Basls of Independent exarnlnerfs report My examination was carried out in accordance with the general Dlrections gNen by the Charlty Commission. An examination includès a review of th8 accounting records kept by the charity and a comparison of the accounts presented with those recor(Is, it also Indudes consideration of any unusual items or disclosures in the aco)unts, and seeknng exflanations from you as trusteès conceming any such matters. The proureS undertaken do not provide all evidence that would be quired in an audit and consequently no opinion is given as to whether the accounts present a 'true and falr view, and the report 1$ limited ia those mattels set out in the statement b810w. Independent examlnefs ststement In connedion wlth my examination, no matter has CA)me to my attention: I, which gives me aSonable cause to belleve that, In any materfal respect. the requlrement5: to keep accounb'ng records in accordance wtih section 386 of the Companies Act 2006: and to prepare accounts which accord with the a(OUntIng records, comply th the accounting requirements of section 396 of the Companies Act 2006and with the methods and principles of the Ststement of Recommended Practice.. Acctyjnting and Reporting by Charities have not been fflet- or 2. to which, in my opinion, attention ShOd be dr3wn In order to enable a proper understanding of the accounts to be reathed. Hte H8len 8inns. FCA Beever and Stnrthers Charternd Accountants One Expr8SS l G80rg8 L8igh Street ManGh8sler M4 5DL (14)
The Manchester Llterary and Phllosophical Society Slatement of Flnan¢ial Activitles I Income and Expendlture Account Year ended 30 June 2023 UNRESTRICTED FUNDS Nots 2023 2022 INCOME AND ENDOWMENTS FROM Donations and legaaes Other income Investments Charitsble activities 567 8,148 23.220 35.237 6.000 5,550 22,448 27,129 TOTAL 67.172 61,127 EXPENDITURE ON Raising funds Charitable activities (8,842) (163.519) (10,796) (155.733) 7&8 TOTAL 172,361 166,529 NET CHARITABLE EXPENDITURE (105.189) (105.402) Net (lossesygains on investments 77.368 (184,764) NET MOVEMENT IN FUNDS (27,821) (290,166) TOTAL FUNDS BROUGHT FORWARD 1.345.061 1,635,227 TOTAL FUNDS CARRIED FORWARD 1.317,240 1,345,061 Ati the above results derive Irom c#Jntinuing operaticffis. There are no other re&)gnis8d gains and losses other than the results for the above year. The not•s on pag•s 17 to 23 fom an Integral part of th•$• account& (15)
The Manchester Literary and Phllosophical Society Balance she8t As At 30 June 2023 2023 2022 FIXED ASSETS Tangible assets Investments 10 11 1.257,410 100 33.281 1,265,750 100 Investment in Subsidiary Intangible assets 12 13 1.290,791 1,265.850 CURRENT ASSETS Debtors Cash at bank and In hand 14 1,935 35,876 1.841 86.364 37.811 88,205 CREDITORS: amounts falllng duo whhln one year 15 {11.362) (8.994) NET CURRENT ASSETS 26.449 79,211 TOTAL NET ASSETS 1.317.240 1.345,061 FUNDS OF THE CHARrrY UnreStrIod funds Designated Expendable Endowment 18 1.317,240 1,345,061 TOTAL FUNDS 1.317,240 1,345,061 For th'e year 8nding 30 June 2023, the company was entitled lo exernpti from audit und8r section 477 of the companies Act 2006 relating to small companies. Dlrectors, responslbllltles The members have not required the company to obtain an audit in aco)rdance with secti¢x 476 of the companies Act 20C6. The dlr8Ctors acknowledge their SnsIbIlity for complying with the requirements of the A wtth respect to accounting records and for the preparan of accounts. These accounts have been prepared in accordance wth the provish)ns applicable to companies subject to the small companies regime. These financial statements on pages 18 to 25 Vre approved and authorised for issue by the Trustees at a Council meeting held on Mt)nday 14th August 2023 and signed ¢Jn its behalf by. I CAMERON President T REES I rts/frr Treasurer Company Registration Number 9330. Registered Charity Number 235313. The notes on pages 17 to 23 lomi an Integral part of these accounts. (16)
The Manchester Literary and Philosophical Society Notes to tho financlal Statements Year ended 30 June 2023 1. Charlty status The charitable company is limited by guarantee, incorporated in England and Wales, and consequendy does not have share capital. Each of the trustees is liable lo contribute an amount not exceeding £1 towards the assets ofthe charitable company in the event of liquidation. The address of its registered office is: COLONY Jactin House 24 Hood street, Ancoats Manchesier M4 6WX 2. Acc¢)unling pollcies Summary of slgnlficant accounting policies and key accountlng osllmatss The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been conStendY applied to all th8 years prnted. unless otherthse stat. Slat•ménl of ¢ompllan The financi4 statements have been prepad in accordance Acc¢)unling and Reporting by Charities: Slatement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard appllcable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP {FRS 10211, the Financial Reporting Stsndard applicable in the UK and Republic of Irèland (FRS 1021. They also comply wlth the Comparries Act 2006 and Charities Act 2011. 8asl8 of prèparallon Manchester Ltterary and Phllosophical Sooety maets the definitlon of a public beneflt entity under FRS 102. Assels arKI liabilities are inikn'ally recognised at historical cost or transacuon value unless otherwise stated in the relevant accounting policy notes. The accounts are presented in slerting (£). The accounts for the subsidiary company havè r*ot been ns011dated as the subsidiary is dormant and the balanw are not consid&r8d malerlal. Golng ¢oncern The trustees consider that there are no material UnrtaIntieS about the charitable companys ability lo continue as a going nc£M nor any material areas of uncertainty that affect the Gqrrying value of assets held by the charitable company. In¢omlng Resources l Debtors and Prepayments All incoming resources a included in the StatemeTrt of Financial Actiwties and indude: Invèstmont Income Investment Income is accounted for recerved. Legacles Legacies and donations are accounted for when receNable by the SoCty. (17)
The Manchester Literary and Philosophlcal Society Notes to the flnanclal statements (contlnued) Year ended 30 Jung 2023 Subscrlptlons Subscriptions are accounted for when receivable and include the Gift Aid tsx recoverable. Like last year. we have not made a daim for Gift Aid. due to increased income from ticket sales lo the public. This decision was made based on current tax legislation Charities, donations and benefits for dorK)rs. Debtors Any debtors or prepayments due to the Society are valued at Ihe amount due net of any applicable discounts. Resources Expended I Creditors All expenditure is accounted for on an accruals basÈs and indudes: Charllablo expendlture Charitable expenditure Indudes all 8xp8ndilure dlrecily related to the objectives of the Souety. Govornance Costs Governance costs represent expenditure incurred in the management of the S¢xieWs assets 8nd comlance with c¥)nstituUonal and ststutory requirements. Credltors Any creditors for vthich the So(xety is liable are based upon obligations arising from some past event or serwtx provided which has not been setued in cash by the year end. Cash and Cash Equivalents Cash and Cash Equivalents comprise cash on hand and call deposits, and other short- term highly liquid investments that are readily ts)nvertible to a known amount of cash and are subject to an insigntficant risk of change in value. Fund structurns Rest¢1•d funds . Restrict8d funds arise where the use has been restricted by the donor or by the temis of an appeal. The Society currently has no restricted funds. Unrestrlcted funds The deslgnaled expendable end(Ayment furKI represents funds whose prlmary purpose Is to generale income to fund the Society's aCtitieS but may also be used directly for charltsble purposes In case of or good reason. Tanglble fixed assèts The Sooety capitalises irMIMdual assets with a cost In excess of£5.000. All assets acquired below thls figure ¥11 be Wfitten off to the Income & Endire account in the year of aulSi110n. Any items requiring capitalisation wlll be written off over their useful life. For computer equipment this will be stralght line over Ihree years and for all other assets, $tr8ight line over ten years. (18)
The Manchester Literary and Philosophical Society Notes to the financial statements (contlnued) Year ended 30 June 2023 Intsngible asset The website costing £36.979.20 are ststed in Balance Sheet less accumulated amortisation. The website is amortised on a stralght41ne basls over 10 years, its estimated useful life. Amortlsallon Amortisation is provided on intangible assets so as lo write off the cost less any estimaied residual value over the website expected useful life as follows.. Asset elass: Website Amortisation method: 10 years straight1Sne Invostrnents Investments are slated at marf(et value. R8alised and unrealised gains and losses are shown in the statement of financial activities. Taxatlon The company is a regislered charity and income and gains ofthe charity a exempt from tsxation to the extent they are applied to the dHritsble objectives. Opernling Leases Rentsls under operating leases affj chard to the statement of financial activitias in the year to vthich they relate. Cashflow Statement ' The Society has taken advantage of th8 exernption referred to in FRS102, Section 7. In not preparing a cashflow statemenL Donatlons and sundry Income 2023 2022 Donation$ and legades Other in¢0 Ticket sales 567 108 8.040 6,000 719 4,831 8.715 11,550 Ineome from Investment8 2023 2022 Llsted Investments 23.220 (19)
The Manchester Literary and Phllosophical Soclety Notes to the Ilnanclal statements (contlnuedl Year ended 30 June 2023 Income from charitable activities 2023 2022 Subscriptions and Gift 35.237 27.129 Costs of generatlng funds 2023 2022 Investsnent management fees 8,842 10,7 Cosls of charitablo activitl 2023 2022 Costs of Socievs actiwbes 163,519 155,733 Anaty$i$ of lotal r•$oufc•s fjxnd 2023 2022 Charltsble expenditurn Arnortisatit)n Rent Office relOCaOn Heat & Ilght Legal & professional fees Website & IT charges Staff costs Functions and meetings C4)sts Research costs Library Prinung ofmemoirs Programmesl Promotional Expenses Stationery and photocopying Postage, telephone aThJ equlpment Nre Insuran Independent examination fee Bank & PayPal tharges SuTrJries Repairs and renewal 3,698 11,406 10,000 322 4,853 8.379 87.413 29,3Lh) 140 17 2.294 66 16,501 75,495 31,183 835 15 1,827 11,538 556 1.615 1,231 2.770 1.627 152 530 612- 1.570 2.358 2.566 105 163.519 155,733 (20)
The Manchester Llterary and Philosophlcal Soclety Notss to the financlal ststements (continued) Year ended 30 June 2023 Inforniation regardlng employees and trust¢es 2023 No 2022 No Average number of employees durir¥J the year. Administration The full-time equivalent number of staff was 2.9 in 2023 (2.3 fft 2022). Two stsff members work on a full-time basis and one on a part time basis. Staff costs comprlse: Salaries Employers Pension wntributicffi- defir)ed plan Employee expenses 82.940 4.356 71,644 3.511 340 Legal mediol èxpenses Meals Transportation 15 69 87.413 75,495 No employee recelved total emoyee benefits in excess of £60.IJ)O. The are no Key Management Personnel other than the Trustees. No Trustees or p8rson related or connected by business to them. has received any remuneratlon from the Soaety durlng the year. No expenses were pahy to any trustee during 2023 (2022.. £0). 10. Tangible fix ass•ts for use by the soclety The Society has a capitalisation threshold for individual assets awuired at £5,000. All assets acquired below this figure are be written off to the Ino)me & Expenditure account in the yèar of acquisition. No purchases Vre made durfng 2023 in ex< ofthis threshold. 11. Invostmonts hold as fixed assets 2023 2022 Tolal Inveslments Market value at 1 Juty 2022 Additions at cost Disposals at carying value Net gainl(loss) on valuation 1,265,750 1,617,238 475.993 936,116 (561,701) (1,102.840) 77.368 (184,764) Market value at 30 June 2023 1,257,410 1.265.750 8eing at market value: Listed investments 1.257,410 1,265.750 Hlstorfcal cost at 30 June 2023 1.197.688 1,251,621 Investmènts were revalued at middle market value at the year-end as determined by Brewin Dolphin. (21)
The Manchester Literary and Philosophical Society Notes to Ihe flnanclal slaloments (conllnued) Year ended 30 June 2023 The investment portfolio is structured as follNs: 2023 2022 Direct investment IndI¢t investsnent SS6,402 701,008 662,434 603,316 1.257,410 1,265,750 The Investrnents held as fixed assets are subdivKJed as follows: 2023 2022 Investment assets in the UK Investment assets outside the UK 309.751 947.659 404,609 861,141 1,257,410 1,265,750 12. Investfftnt In Subsldlary 2023 2022 Investrnent in Manthester Literary and Philosophical Publications Limited 100 100 The investment represents 100% of the Ordinary Share Capital of 11x1 shares of £1 each of the Company. Manchesler Literary and Philosophical PuiCall0nS Limited is currendy dormant. The Company number is 01667171. The net assets of the company at 30 June 2023 was £100 (2022: £100) 13. Intanglble assots W¢b$itg Total Cost At 30 June 2022 Additions At 30 June 2023 36,979 36,979 36,979 36,979 Amortlsatlon At 30 June 2022 Charge of the year At 30 June 2023 3.698 3.698 3,698 3.698 Not Book Valu• At 01 July 2022 At 30 June 2023 33.281 33,281 (22)
The Manchester Literary and Philosophical Society Notes to the financial statements (continu•d) Year ended 30 Jung 2023 14. Debtors 2023 2022 Debtors 1.935 1.841 Debtors relate to sundry amounts Ihat were prepaid on services delivered to the Society at 30 June 2023. 15. Creditors: amounts falling duè within one yoar 2023 2022 Amounts payable Accruals and defeffed inc¥)me Brewin Dolphin 1.586 7,408 8.982 11.362 8,994 16. Operatlng lea commltments The Soclety has no operating lease tx)mmitments. 17. Related partles The were no related Patty transadions ryth Ihe Trustees during the year (2022.. nil) 18. Slatemenl of Fund$ Unrestrlcted Funds 1 July 2022 Incoming Resources Expenditurè Net gainsl Accumulated (LOS$) amortisalion 30 June 2023 Designated Expendable 1.345.061 Endowment 67.172 (168.663) 77.368 (3.698) 1,317.240 Total Funds 1,345.061 67.172 168.663 77,368 3.898 1.317.240 Unre$trlrted Funds 1 July 2021 Inwming Resources Expendiiure Net gainsl (Losses) Accumulaled amorttsation 30 June 2022 Designated Expendable 1,635,227 Endowment 61.127 (166.529) (184,764) 1.345.061 Total Funds 1.635.227 61.127 166,529 184,764 1,345.061 (23)