2021-12-31-accounts - Society Of Glass Technology

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

Year ended 31D	ecember 2021
		2021	2020
Income		8	E
Donations			15,027
Charitable activities
-Journal Subscriptions		57,478	52,873
—Memberships		21,172	27,180
-Meetings		5,897	11,255
-Local Section Events		9,911	1,000
-Coronavirus Job Retention Scheme Grants		32,671	41,071
Other trading activities		16,972	10,449
Investments		15,846	16,213
Total Income		160,599	175,068
Expenditure
Charitable activities		122,726	123,683
Other		44,109	41,498
Total Expenditure		166,835	165,181
I4et Gains i(Losses) on Investments	10	27,591	(39,935)
Met Income I(Expenditure)		21,355	(30,048)
Net Movement In Funds		21,355	(30,048)
Fund Balance brought forward		316,842	346,890
Fund Balance carried forward		338,197	316,842

			note	2021	2020
				E	E
Fixed Assets
Intangible			9	2,577	3,437
Tangible			g	5,590	6,037
Investments			10	323,481	298,662
				331,648	308,136
Current Assets
Stock				2,592	2,662
Debtors				19,587	23,906
Cash at Bank and		in Hand		92,967	63,714
				115,146	90,282
Creditors: amounts		falling due within one year	12	94,931	63,909
Net Current Assets				20,215	26,373
Total assets less current liabilities				351,863	334,509
Creditors: amounts		falling due after more than one year	12	(13,666)	(17,667)
Net Assets				338,197	316,842
The Funds ofthe Charity
Unrestricted	Funds		13	338,197	316,842

			2021	2020
			8	8
2	JournalSubscriptions
	Glass Technology		15,435	16,473
	Physics and Chemistry	ofGlasses	18,492	18,792
	European Journal ofGlass Science and Technology		3,431	3,481
	Copyright Royalfies		19,471	13,857
	Back Issues			270
			57,478	52,873
3	Memberships
	Current - Corporate		2,707	4,126
	—Personal		17,487	19,554
			20,194	23,680
	Arrears		184	1,050
			20,378	24,730
	Tax Recoverable		794	24M
			21,172	27,180
4	Other trading activities
	Sale of Publications		1,277
	Sale ofSpecimens		2,835	850
	Royalties		9,266	5,959
	Miscellaneous Income		3,594	3,072
			16,972	10,449

					2021	2020
						0
5	Investment Income and	interest
	Dividends - UK Equities				14,229	13,402
	Interest - UK Fixed Interest Securities				1,615	2,803
	-Cash Deposits				2	8
					15,846	16,213
6	Analysis ofexpenditure	on
	charitable activities
	Editorial Salaries and National			Insurance	48,354	59,302
	Other Salaries and hlational		Insurance		22,604	23,192
	Pension Scheme Contributions				4,398	4,889
	Editorial Expenses
	Journal Printing				2,661	2,662
	Electronic Publishing				8,589	8,970
	Database Hosting				2,741	2,850
	Carnage and Despatch of	Journals			3,486	2,062
	Meetings
	Establishment Expenses				16,476	13,981
	Other office costs				3,514	4,005
	Scholarships, Awards and	Prizes			1,790	1,770
	Local Sections				8,113
					122,726	123,683
7	Analyrds ofother costs
	Salaries &National Insurance				27,581	27,033
	Pension Scheme Contributions				1,385	1,416
	Establishment Expenses				4,374	3,712
	Independent Examiner's Fee				1,500	1,450
	Professional Charges				3,000	2,575
	Investment management fees				3,187	2,864
	Bank &Credit Card Charges				1,502	1,782
	Bank Loan interest				277
	Incidental Expenses				356
	Foreign Exchange Rate Losses				947
						41,498

		2021	2020
		R
Emoluments
Total Staff	Costs comprised:
Salaries		95,131	105,078
Employers National insurance Pension Scheme Contributions		3,409 5,783	4,449 6,305
		104323	115832

						2021	2020
						8	6
10	Fixed Asset investments
	Valuation
	At 1 January					298,662	339,919
	Additions Disposals Realised (iosses)/gains in the Year Unrealised (losses)/gains in the Year At 31 December Cash at Bank awaiting investment					65,317 (69,079) 10,051 17.242 322,491 990	43,831 (45,153) (12,458) ~27.477 298,662
						323,481	298,662
	investments at Market		Value comprised;
	UK Equities UK Fixed Interest Securities					300,416 22,075	264,746 33,916
						~22421	222 222
	Historical Cost at 31	December				316,659	316,296
11	Debtors
	Trade Debtors Other Debtors					3,818 15,769	'I1,528 12,378
						19,587	23,906
12	Creditorst amounts	falling		due within one year
	Trade Creditors Elank Loan Other Creditors Accruals Deferred Income					8,814 4,000 13,551 4,485 64,081	5,566 2,333 5,722 3,734
							63,909
	Deferred Income comprises			subscriptions	and other income r~ived	in advance.
	Creditors: amounts	falling		due after more	than one year
	Bank Loan					13666	17,667

	Balance at 01.01.21	Income	Expenditure	Gains I (Losses)	Balance at 31.12.2'f
	E	E	8	E	E
Unrestricted Designated	285,000 31,842	159,402 1,197	(166,835)	25,918 1,673	303,485 34,712
	316842	160599	~1M,835	22591	338,197
The designated fund relates to a gift received to be used forthe purpose offunding a continuing biennial series oflectures and student prizes in memory of Michael Cable.
	Balance at 01.01.20	Income	Expenditure	Gains I (Losses)	Balance at 31.12.20
	E	E	8		E
Unrestricted Designated	314,559 32,331	173,822 1,246	(165,181)	(38,200) (1,735)	285,000 31,842
	8~93	~15088	166181	ll 5j5	316842