2020-12-31-accounts

Contents			Page
Charity Reference and	Administration	Details
Report ofthe Council			2 -3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements			7-12

Principal	Office	Office	9Churchill	Way
			Chapeltown
			Sheffield
			S352PY
Independent		Examiners	Hawsons Limited
			Chartered	Accountants
			Pegasus House
			463a Glossop Road
			Sheffield
			S102QD
Bankers			Barclays Bank pic
			PO Box493
			Sir Frank Whittle Road
			Derby
			DE1 9UU
Solicitors			Keebles LLP
			Commercial	House
			Commercial	Street
			Sheffield
			S1 2AT
Investment		Advisers	Walker Grips
			Old Change	House
			128Queen	Victoria Street
			London
			EC4V4BJ

				note	2020	2019
Income						E
Donations					15,027
Charitable activities
-Journal Subscriptions					52,873	60,868
—Memberships					27,180	25,271
- Meetings					11,255	59,103
-Local Section Events					1,000	10,837
-Coronavirus	Job	Retention Scheme Grants			41,071
Other trading	activities				10,449	14,786
Investments					16,213	17,786
Total Income					175,068	188,651
Expenditure
Charitable activities					123,683	181,056
Other					41,498	44,087
Total Expenditure					165,181	225,143
Net (Losses) I	Gains on Investments			10	(39,935)	38,964
Net (Expenditure)		IIncome			(30,048)	2,472
Net Movement	in Funds				(30,048)	2,472
Fund Balance	brought		forward		346,890	344,418
Fund Balance	carried		forward		316,842	346,890

			note	2020	2019
					6
Fixed Assets
Intangible			9	3,437	4,222
Tangible			g	6,037	6,623
Investments			10	298,662	341,147
				308,136	351,992
Current Assets
Stock				2,662	2,720
Debtors				23,906	24,227
Cash at Bank and		in Hand		63,714	4,914
				90,282	31,861
Creditors:	amounts	falling due within one year	12	(63,909)	(36,963)
Net Current	Assets	(liabilities)		26,373	(5,102)
Total assets less current liabgities				334,509	346,890
Creditors:	amounts	falling due after more than one year	12	(17,667)
Net Assets				316,842	346,890
The Funds	ofthe Charity
Unrestricted Funds			13	316,842	346,890

			2020	2019
2	Journal Subscriptions
	Glass Technology		16,473	23,036
	Physics and Chemistry	ofGlasses	18,792	22,526
	European Journal of Glass Science and Technology		3,481	4,566
	Copyright Royalties		13,857	10,500
	Back Issues		270	240
			52,873	60,868
3	INemberships
	Current - Corporate		4,126	2,554
	- Personal		19,554	20,981
			23,680	23,535
	Arrears		1,050	641
			24,730	24,176
	Tax Recoverable		2,450	1,095
			27,180	25,271
4	Other trading activities
	Sale of Publications Sale ofSpecimens		568 850	(622) 3,351
	Royalties		5,959	5,850
	Miscellaneous Income		3,072	6,207
			10,449	14,786

N	otes continued. ..
					2020	2019
					6	6
5	Investment Income and	Interest
	Dividends - UK Equities				13,402	14,964
	Interest —UK Fixed interest Securities				2,803	2,803
	-Cash Deposits				8	19
					16,213	17,786
6	Analysis ofexpenditure	on
	charitable activities
	Editorial Salaries and National			Insurance	59,302	65,336
	Other Salaries and National		Insurance		23,192	17,452
	Pension Scheme Contributions				4,889	4,706
	Editorial Expenses					183
	Journal Printing				2,662	5,598
	Electronic Publishing				8,970	8,709
	Database Hosting				2,850	5,018
	Carriage and Despatch ofJournals				2,062	6,329
	Meetings					39,506
	Establishment Expenses				13,981	13,472
	Other office costs				4,005	3,889
	Scholarships, Awards and Prizes				1,770	1,229
	Local Sections					9,629
					123.683	181,056
7	Analysis ofother costs
	Salaries 8 National Insurance				27,033	24,832
	Pension Scheme Contributions				1,416	1,352
	Establishment Expenses				3,712	3,576
	Independent Examiner's	Fee			1,450	1,400
	Professional Charges				2,575	2,350
	Investment management	fees			2,864	2,431
	Bank &Credit Card Charges				1,782	2,077
	Bad and doubtful debts					5,032
	Incidental Expenses				226	269
	Foreign Exchange Rate Losses				440	768
					41,498	44,087

				2020f	2019f
8	Emoluments
	Total Staff	Costs comprised:
	Salaries			105,078	101,624
	Employers	National	Insurance	4,449	5,996
	Pension Scheme Contributions			6,305	6,058
				115,832	113,678

		Intangible	Tangible
9	Fixed Assets		Equipment
		Website	Furniture &
			Fittings
			F
	Cost
	1 January 2020	4,222	10,954
	Additions	75
	31 December 2020	4,297	10,954
	Amortisation/Depreciation
	1 January 2020		4,331
	Charge for the year	860	586
	31 December 2020	860	4,917
	Net Book Value
	31 December 2019	4,222	6,623
	31 December 2020	3,437	6,037

No	tes continued. ..
							2020f	2019 E
10	Fixed Asset Investments
	Valuation
	At 1 January						339,919	301,803
	Additions						43,831	35,963
	Disposals						(45,153)	(36,811)
	Realised (losses)/gains		in	the Year			(12,458)	1,484
	Unrealised (losses)/gains			in the Year			(27,477)	37,480
	At 31 December						298,662	339,919
	Cash at Bank awaiting		investment					1,228
							298,662	341,147
	Investments at Market		Value comprised:
	UK Equities						264,746	292,047
	UK Fixed Interest Securities						33,916	47,872
							298,662	339,919
	Historical Cost at 31	December					316,296	342,890
11	Debtors
	Trade Debtors						11,528	10,375
	Other Debtors						12,378	13,852
							23,906	24,227
12	Creditors: amounts	falling			due within one	year
	Trade Creditors						5,566	6,450
	Loan						2,333
	Other Creditors						5,722	6,976
	Accruals						3,734	3,734
	Deferred Income						46,554	19,803
							63,909	36,963
	Deferred Income comprises				subscriptions	and other income received	in advance.
	Creditors: amounts	falling			due after more	than one year
	Loan						17,667

			Balance at				Gains I	Balance at
			01.01.20	income	Expenditure		(Losses)	31.12.20
								6
Unrestricted			314,559	173,822		(165,181)	(38,200)	285,000
Designated			32,331	1,246			(1,735)	31,842
			346,89D	175,D68	~165,181		~39,935	316,842
The designated		fund	relates to a gift received to be		used	for the purpose offunding		a
continuing	biennial series of lectures and			student prizes		in memory	of Michael Cable.
			Balance at				Gains I	Balance at
			01.01.19	Income f	Expenditure F		(Losses)	31.12.19 6
Unrestricted			318,401	187,941		(224,954)	33,171	314,559
Designated			26,017	710		(189)	5,793	32,331
			344.418	188,651	~225,443		38,964	346,896