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|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||
##
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|||||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|
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|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||
##
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##
##
|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|
##
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##
|2021|2020|
|---|---|
|£|£|
||20|
##
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|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|
##
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||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)|
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