2021-12-31-accounts

Registered office 404 Shaftmoor Lane Hall Green BIRMINGHAM West Midlands B28 8SZ
Trustees
D T Morgan	Chairman
S Collard
P Davies
J M Hellawell
M Lawrence
M Morris	Deputy Chairman
A J Walker
S G Whitehouse

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	3	67,724	1450	69,174	89.031
Charitable activities	5
Own publications		83,833	-	83,833	97,847
Outside publications		52,468	-	52,468	56,150
Magazines		119,884	-	119,884	109,017
Other income (including design and print)		14,918	-	14,918	13093
Booklets		3,304	-	3,304	4,072
lnvestrnentincome	4	24,778		24,778	25,113
Total		366,909	1,450	366,359	394,323
EXPENDITURE ON
Charitable activities	6
Own publications		122,476	-	122,476	133,905
Outside publications		67,670	-	67,670	68,103
Magazines		108,303	-	108,303	106,418
Other income (including design and print)		68,203	-	68,203	62,733
Booklets		20,760		20,760	20,807
Distribution ofthird-party donations			1,400	1,400	-
Advisory		21,985		21,985	22591
Total		409,397	1,400	410,797	414,557
Net gains on investments		1,208		1,208
NET INCOME/(EXPENDITURE)		(41,280)	50	(41.230)	(20234)
RECONCILIATION OF FUNDS
Total funds brought forward		1,123,847	4,241	1,128,088	1,148.322
TOTAL FUNDS CARRIED FORWARD		1,082,567	4,291	1,086,858	1,128,088

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	14	348,211	-	348,211	356038
Investment property	15	254,000	-	254,000	242.500
		602,211	-	602,211	598,538
CURRENT ASSETS
Stocks	16	82,213	-	82,213	95.76-4
Debtors	17	29,818	-	29,818	26,831
Investments	18	417,221	-	417,221	402,194
Cash at bank and in hand		76,797	4,291	81,088	142,292
		606,049	4,291	610,340	667,081
CREDITORS
Amounts falling due within one year	19	(125,693)	-	(125,693)	(137,531)
NET CURRENT ASSETS		480,356	4,291	484,647	529,550
TOTAL ASSETS LESS CURRENT	LIABILITIES	1,082,567	4,291	1,086,858	1,128,088
NETASSETS		1,082,567	4,291	1,086,858	1,128088
FUNDS	20
Unrestricted funds:
General fund				545,863	585,254
Revaluation reserve				318,459	320,348
Fair value reserve				218,245	218,245
				1,082,567	1,123,847
Restricted funds				4,291	4,241
TOTAL FUNDS				1,086,858	1,128,088

DONATIONS AND LEGACIES
	2021	2020
	£	£
Donations	43,174	86,965
Legacies	26,000	2,066
	69,174	89,031

INVESTMENT INCOME
	2021	2020
	£	£
Rents received	22,780	21,960
Deposit account interest	1,998	3153
	24,778	25,113
INCOME FROM CHARITABLE ACTIVITIES
	2021	2020
Activity	£	£
Own publications	83,833	97,847
Outside publications	52,468	56,150
Magazines	119,884	109,017
Other income (including
design and print)	14,918	13,093
Booklets	3,304	4,072
	274,407	280,179

			Grant
			funding	of
		Direct	activities		Support
		Costs (see	(see note		costs (see
		note 7)	8)		note 9)	Totals
		£	£		£	£
Own publications		117,902		-	4,574	122,476
Outside publications		65,550		-	2,120	67,670
Magazines		103,728		-	4,575	108,303
Other income (including design and
print)		63,088		-	5,115	68,203
Booklets		19,328			1,432	20,760
Distribution of third-party donations			1,400			1,400
Advisory		21,204			781	21,985
		390,800	1,400		18,597	410,797
DIRECT COSTS	OF CHARITABLE ACTIVITIES
					2021	2020
					£	£
Staffcosts					212,383	208,481
Rates and water					3,690	3,760
Insurance					7,847	7,793
Light and heat					4,900	5,084
Telephone					1,691	1517
Postage and stationery					2,367	1739
Sundries					1,125	862
Own publications	- purchases				52,689	65,807
Outside publications purchases					43,897	45,872
Magazines purchases					36,137	35,732
Website costs					1,262	(97)
Computerexpenses					7,465	6,684
Cleaning					3,009	2,741
Premises expenses					5,045	3,904
Printing costs					2,492	-
Booklets purchases					1,551	2,362
Bookkeeping					3,250	3,768
					390,800	396,009
GRANTS PAYABLE
					2021	2020
					£	£
Distribution ofthird-party donations					1,400
The total grants paid to institutions during the year		was as follows:
					2021	2020
					£	£
Distribution ofthird-party donations					1,400

SUPPORT COSTS
				Governance
			Other	costs	Totals
			£	£	£
Own publications			3,823	751	4,574
Outside publications			1,772	348	2,120
Magazines			3,824	751	4,575
Other income (including design and print)			4,275	840	5,115
Booklets			1,197	235	1,432
Advisory			653	128	781
			15,544	3,053	18,597
Support costs, included in the above, are as follows:
					Other
					income
					(including
					design
	Own		Outside		and
	publications		publications	Magazines	print)
	£		£	£	£
Bankcharges	1,898		880	1,898	2,122
Depreciation oftangible fixed assets	1,925		892	1,926	2,153
Trustees’ expenses
Accountancy and legal fees		751	348	751	840
	4,574		2,120	4,575	5,115
				2021	2020
				Total	Total
	Booklets		Advisory	activities	activities
	£		£	£	£
Bank charges		594	324	7,716	6,462
Depreciation oftangible fixed assets		603	329	7,828	9,313
Trustees’ expenses					20
Accountancy and legal fees		235	128	3,053	2,753
	1,432		781	18,597	18,548

		2021	2020
		£	£
Depreciation	- owned assets	7,827	9,313
Independent	examination	2,700	2,700

2021	2020
£	£
	20

STAFF COSTS
	2021	2020
	£	£
Wages and salaries	185,620	180,884
Social security costs	11,947	12,034
Other pension costs	14,816	15,563
	212,383	208,481

The avera	ge m	onthly	number of employees during the y	ear was as follows:
				2021	2020
Editors				2	2
Publishing	and	office	staff	6	5
				8	7

	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	88,955	76	89,031
Charitable activities
Own publications	97,847	-	97,847
Outside publications	56,150	-	56,150
Magazines	109,017	-	109,017
Other income (including design and print)	13,093	-	13,093
Booklets	4,072	-	4,072
Investment income	25,113	-	25,113
Total	394,247	76	394,323

13.	COMPARATIVES FOR THE STATEMENT OF	COMPARATIVES FOR THE STATEMENT OF	FINANCIAL ACTIVITIES - continued	FINANCIAL ACTIVITIES - continued	FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funds	funds
	EXPENDITURE ON
				£	£	£
	Charitable activities
	Own publications			133,905	-	133,905
	Outside publications			68,103	-	68,103
	Magazines			106,418	-	106,418
	Other income (including design and	print)		62,733	-	62,733
	Booklets			20,807	-	20,807
	Advisory			22,591	-	22,591
	Total			414.557	-	414,557
	NET INCOME/(EXPENDITURE)			(20.310)	76	(20,234)
	RECONCILIATION OF FUNDS
	Total funds brought forward			1,144,157	4,165	1,148,322
	TOTAL FUNDS CARRIED FORWARD			1,123.847	4,241	1,128,088
14.	TANGIBLE FIXED ASSETS
				Fixtures
		Freehold	Plant and	and	Computer
		property	machinery	fittings	equipment	Totals
		£	£	£	£	£
	COST
	Atl January2021 and
	31 December 2021	370,000	1,239	15,609	28,895	415,743
	DEPRECIATION
	At 1 January 2021	22,200	1,239	12,060	24,206	59,705
	Charge foryear	4,440		822	2565	7,827
	At 31 December 2021	26,640	1,239	12,882	26,771	67,532
	NET BOOK VALUE
	At 31 December 2021	343,360		2,727	2,124	348,211
	At 31 December 2020	347,800		3,549	4689	356,038

Ifthe freeh	old property had not been revalued, it would	have been included at the following historica	l cost:
		2021	2020
		£	£
Cost		67,130	67,130
Aggregate	depreciation	41,052	39,679

INVESTMENT PROPERTY
	£
FAIR VALUE
At 1 January 2021	242,500
Additions	10,292
Revaluation	1,208
At 31 December 2021	254,000
NET BOOK VALUE
At 31 December 2021	254,000
At 31 December 2020	242,500
Fairvalue at 31 December 2021 is represented by:
	£
Valuation in 2015	242,500
Valuation in 2021	11,500
	254,000

16.	STOCKS
		2021	2020
		£	£
	Stocks	82,213	95,764
17.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		£	£
	Trade debtors	19,937	22,559
	Otherdebtors	2,617
	VAT	48	383
	Prepayments	7,216	3,889
		29,818	26,831
18.	CURRENT ASSET INVESTMENTS
		2021	2020
		£	£
	Other	417,221	402,194

	2021	2020
	£	£
Trade creditors	11,317	9,950
Social security and other taxes	4,417	5,156
Other creditors	3,521	4,469
Accruals and deferred income	106,438	117956
	125,693	137531

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1/1/21	in funds	funds	31/12/21
	£	£	£	£
Unrestricted funds
General fund	585,254	(42,486)	3,097	545,863
Revaluation reserve	320,348	1,208	(3,097)	318,459
Fair value reserve	218,245	-	-	218,245
	1,123,847	(41,280)	-	1,082,567
Restricted funds
Hage fund	4,241	50	-	4,291
TOTAL FUNDS	1,128,088	(41,230)		1,086,858

Net movement in funds, included in the abo	ve are as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	366,909	(409,397)	-	(42,488)
Revaluation reserve			1,208	1,208
	366,909	(409,397)	1,208	(41,280)
Restricted funds
Distribution ofthird- party donations	1,400	(1,400)	-
Hage fund	50			50
	1,450	(1,400)		50
TOTAL FUNDS	368,359	(410,797)	1208	(41,230)

		Net	Transfers
		movement	between	At
	At 1/1/20	in funds	funds	31/12/20
	£	£	£	£
Unrestricted funds
General fund	602,467	(20,310)	3,097	585,254
Revaluation reserve	323,445	-	(3,097)	320,348
Fairvalue reserve	218,245		-	218,245
	1,144,157	(20,310)	-	1,123,847
Restricted funds
Hage fund	4,165	76	-	4,241
TOTAL FUNDS	1,148,322	(20,234)		1,128,088

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	394,247	(414,557)	(20,310)
Restricted funds
Hage fund	76	-	76
TOTAL FUNDS	394,323	(414,557)	(20,234)

A current year 12 months and prior	year 12 months combined po	sition is as follow	s:
		Net	Transfers
		movement	between	At
	At 1/1/20	in funds	funds	31/12/21
	£	£	£	£
Unrestricted funds
General fund	602,467	(62,798)	6,194	545,863
Revaluation reserve	323,445	1,208	(6,194)	318,459
Fairvalue reserve	218,245	-	-	218,245
	1,144,157	(61,590)	-	1,082,567
Restricted funds
Hage fund	4,165	126	-	4,291
TOTAL FUNDS	1,148,322	(61,464)		1,086,858

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	761,156	(823954)	-	(62,798)
Revaluation reserve			1 208	1 208
	761,156	(823954)	1,208	(61.590)
Restricted funds
Distribution of third- party donations	1,400	(1,400)	-	-
Hage fund	126			126
	1,526	(1,400)		126
TOTAL FUNDS	762,682	(825,354)	1,208	(61,464)