2022-12-31-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
			6352PY
Independent		Examiners	Hawsons Limited
			Chartered Accountants
			Pegasus House
			463a Glossop Road
			Sheffield
			6102QD
Bankers			Barclays Bank pic
			PO Box493
			Sir Prank Whittle Road
			Derby
			DE1 9UU
Solicitors			Knights pic
			Commercial	House
			Commercial	Street
			Sheffield
			S12AT
Investment		Advisers	Walker Grips
			Old Change	House
			128Queen	Victoria Street
			London
			EC4V4BJ

	Year ended 31D	ecember 2022
		note	2022	2021
Income			6	6
Donations			3,030	652
Charitable activities
-Journal Subscriptions			49,904	57,478
- Memberships			24,512	21,172
- Meetings			134,206	5,897
- Local Section Events			11,558	9,911
-Coronavirus Job Retention Scheme Grants				32,671
Other trading activities			14,284	16,972
Investments			15,486	15,846
Total Income			252,980	160,599
Expenditure
Charitable activities			200,443	122,726
Other			45,707	44,109
Total Expenditure			246,150	166,835
Net (losses) IGains on	Investments	10	(44,886)	27,591
Net (Expenditure) IIncome			(38,056)	21,355
Net Movement in Funds			(38,056)	21,355
Fund Balance brought	forward		338,197	316,842
Fund Balance carried	forward		300,141	338,197

			note	2022	2021
				6	6
Fixed Assets
Intangible			9	1,717	2,577
Tangible			9	5,406	5,590
Investments			10	279,306	323,481
				286,429	331,648
Current Assets
Stock				2,555	2,592
Debtors				26,006	19,587
Cash at Bank and		in Hand		91,924	92,967
				120,485	115,146
Creditors: amounts		fal(ing due within one year	12	97,107)	94,931)
Net Current Assets				23,378	20,215
Total assets less current liabilities				309,807	351,863
Creditors: amounts		falling due after more than one year	12	(9,666)	(13,666)
Net Assets				300,141	338,197
The Funds ofthe Charity
Unrestricted	Funds		13	300,141	338,197

		2022 6	2021f
2	Journal Subscriptions
	Glass Technology	14,198	15,435
	Physics and Chemistry ofGlasses	17,947	18,492
	European Journal ofGlass Science and Technology	696	3,431
	Copyright Royalties	16,374	19,471
	Back Issues	689	649
		49,904	57,478
3	Memberships
	Current - Corporate	3,962	2,707
	- Personal	19,636	17,487
		23,598	20,194
	Arrears	387	184
		23,985	20,378
	Tax Recoverable	527	794
		24,512	21,172
4	Other trading activities
	Sale of Publications	576	1,277
	Sale of Specimens	1,010	2,835
	Royalties	9,389	9,266
	Miscellaneous Income	3,309	3,594
		14,284	16,972

					2022	2021
					8
5	Investment Income and Interest
	Dividends - UK Equities				14,335	14,229
	Interest - UK Fixed Interest			Securities	1,128	1,615
	-Cash Deposits				23	2
					15,486	15,846
6	Analysis ofexpenditure	on
	charitable activities
	Editorial Salaries and National			Insurance	50,047	48,354
	Other Salaries and National		Insurance		18,077	22,604
	Pension Scheme Contributions				5,776	4,398
	Journal Printing				4,199	2,661
	Electronic Publishing				8,886	8,589
	Database Hosting				3,288	2,741
	Carriage and Despatch of	Journals			2,041	3,486
	Meetings				76,500
	Establishment Expenses				13,808	16,476
	Other office costs				4,692	3,514
	Scholarships, Awards and Prizes				1,790	1,790
	Local Sections				11,339	8,113
					200,443	122,726
7	Analysis ofother costs
	Salaries & National Insurance				28,381	27,581
	Pension Scheme Contributions				1,861	1,385
	Establishment Expenses				3,666	4,374
	Independent Examiner's Fee				1,650	1,500
	Professional Charges				3,300	3,000
	Investment management	fees			3,323	3,187
	Bank &Credit Card Charges				3,496	1,502
	Bank Loan interest				396	277
	Incidental Expenses				33	356
	Exchange (Gains) / Losses				(399)	947
					45707	44109

			2022f	2021f
Emoluments
Total Staff	Costs comprised:
Salaries			93,210	95,131
Employers	National	Insurance	3,295	3,409
Pension Scheme Contributions			7,637	5,783
			104,142	104,323

	Intangible	Tangible
Fixed Assets		Equipment
	Website	Furniture &
		Fittingsf
Cost
1 January 2022	4,297	10,954
Additions
31 December 2022	4297	10954
Amortisation/Depreciation
1 January 2022	1,720	5,364
Charge for the year	860	184
31 December 2022	2 550	5,548
Net BookValue
31 December 2021	2 577	5550
31 December 2022	1717	5405

					2022f	2021f
10	Fixed Asset Investments
	Valuation
	At 1 January				322,481	298,662
	Additions				95,532	65,317
	Disposals				(109,777)	(69,079)
	Realised gains in the		Year		5,444	10,051
	Unrealised (losses)/gains			in the Year	~(60,330	17,540
	At 31 December				263,350	322,491
	Cash at Bank awaiting		investment		15,956	990
					279,306	323,481
	Investments at Market		Value comprised:
	UK Equities				253,502	300,416
	UK Fixed Interest Secudties				9,845	22,075
					263,347	322,491
	Historical Cost at 31	December			313,299	316,296
11	Debtors
	Trade Debtors				17,034	3,818
	Other Debtors				8,972	15,769
					26,006	19,587
12	Creditors: amounts	falling due within one year
	Trade Creditors				6,392	8,814
	Bank Loan				4,000	4,000
	Other Creditors				11,383	13,551
	Accruals				4,337	4,485
	Deferred Income				70,995	64,081
					97,107	94,931

Unrestricted Funds
	Balance at			Gains i	Balance at
	01.01.22 8	Income 8	Expenditure 6	(Losses) 6	31.12.22 f
Unrestricted	303,485	252,111	(246,150)	(40,217)	269,229
Designated	34,712	869		(4,669)	30,912
	330.197	252,900	~246,150	~44,006	300,141

biennial series oflectu	res and student prizes in	memory of	Michael Cable.
	Balance at			Gains i	Balance at
	01.01.21 6	Income f	Expenditure f	(Losses)	31.12.22f
Unrestricted	285,000	159,402	(166,835)	25,918	303,485
Designated	31,842	1,197		1,673	34,712
	316.042	100.599	~766,0357	27.591	338,197