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





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|Principal|Office|Office|9Churchill|Way|
|---|---|---|---|---|
||||Chapeltown||
||||Sheffield||
||||S352PY||
|Independent||Examiners|Hawsons<br>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||





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|||||note|2020|2019|
|---|---|---|---|---|---|---|
|Income||||||E|
|Donations|||||15,027||
|Charitable<br>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<br>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|





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||||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<br>Funds|||13|316,842|346,890|






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||||2020|2019|
|---|---|---|---|---|
|2|Journal Subscriptions||||
||Glass Technology||16,473|23,036|
||Physics and Chemistry|ofGlasses|18,792|22,526|
||European<br>Journal of Glass Science and Technology||3,481|4,566|
||Copyright<br>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<br>activities||||
||Sale of Publications<br>Sale ofSpecimens||568<br>850|(622)<br>3,351|
||Royalties||5,959|5,850|
||Miscellaneous<br>Income||3,072|6,207|
||||10,449|14,786|





|N|otes continued. ..||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||6|6|
|5|Investment<br>Income and|Interest|||||
||Dividends - UK Equities||||13,402|14,964|
||Interest<br>—UK Fixed interest Securities||||2,803|2,803|
||-Cash Deposits||||8|19|
||||||16,213|17,786|
|6|Analysis ofexpenditure|on|||||
||charitable<br>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<br>Printing||||2,662|5,598|
||Electronic Publishing||||8,970|8,709|
||Database<br>Hosting||||2,850|5,018|
||Carriage and Despatch ofJournals||||2,062|6,329|
||Meetings|||||39,506|
||Establishment<br>Expenses||||13,981|13,472|
||Other office costs||||4,005|3,889|
||Scholarships,<br>Awards and Prizes||||1,770|1,229|
||Local Sections|||||9,629|
||||||123.683|181,056|
|7|Analysis ofother costs||||||
||Salaries 8 National<br>Insurance||||27,033|24,832|
||Pension Scheme Contributions||||1,416|1,352|
||Establishment<br>Expenses||||3,712|3,576|
||Independent<br>Examiner's|Fee|||1,450|1,400|
||Professional<br>Charges||||2,575|2,350|
||Investment<br>management|fees|||2,864|2,431|
||Bank &Credit Card Charges||||1,782|2,077|
||Bad and doubtful<br>debts|||||5,032|
||Incidental<br>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<br>&|
||||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<br>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<br>(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<br>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:<br>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<br>Income||||||46,554|19,803|
||||||||63,909|36,963|
||Deferred<br>Income comprises||||subscriptions|and other income received|in advance.||
||Creditors:<br>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<br>prizes||in memory|of Michael Cable.||
||||Balance at||||Gains I|Balance at|
||||01.01.19|Income<br>f|Expenditure<br>F||(Losses)|31.12.19<br>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|



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