This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-12-31-accounts
Registered Charity num
243090 |
ber |
| Registered office |
|
| 404 Shaftmoor Lane |
|
| Hall Green |
|
| BIRMINGHAM |
|
| West Midlands |
|
| B28 8SZ |
|
| Trustees |
|
| CT Morgan |
Chair |
| S Collard |
|
| P Davies |
|
| J M Hellawell |
Retired 4 June 2022 |
| M Lawrence |
|
| M Morris |
Retired 4 June 2022 |
| A J ‘1’lalker |
Deputy Chair |
| S G Whitehouse |
|
| With effect from |
|
| April 2023: |
|
| M Benson (Mrs) |
|
| S Maher |
|
| J ‘jVhittaker |
|
| Company secretary |
|
| S Collard |
|
| Independent Examiner |
|
| Johnson Tidsall Limited |
|
| Chartered Accountants |
|
| 81 Burton Road |
|
| Derby |
|
| Derbyshire |
|
| DEl 1TJ |
|
| Bankers |
|
| National Westminster Bank plc |
|
| 231-235 Stratford Road |
|
| Shirley |
|
| B90 3AJ |
|
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
Linds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
3 |
76,127 |
175 |
76,302 |
69,174 |
| Charitable activities |
5 |
|
|
|
|
| Own publications |
|
119,898 |
|
119,898 |
83,833 |
| Outside publications |
|
55,891 |
- |
55,891 |
52,468 |
| Magazines |
|
119,137 |
- |
119,137 |
119,884 |
| Other income (including design and print) |
|
19,803 |
- |
19,803 |
14,918 |
| Booklets |
|
5,350 |
- |
5,350 |
3,304 |
| Investment income |
4 |
26,836 |
|
26,836 |
24,778 |
| Total |
|
423,042 |
175 |
423,217 |
368,359 |
| EXPENDITURE ON |
|
|
|
|
|
| Charitable activities |
6 |
|
|
|
|
| Own publications |
|
136,096 |
- |
136,096 |
122,476 |
| Outside publications |
|
77,018 |
- |
77,018 |
67.670 |
| Magazines |
|
117,531 |
1,531 |
119,062 |
108.303 |
| Other income (including design and print) |
|
71,293 |
- |
71,293 |
68,203 |
| Booklets |
|
23,366 |
- |
23,366 |
20,760 |
| Distribution of third-party donations |
|
|
- |
|
1,400 |
| Advisory |
|
20,812 |
|
20,812 |
21985 |
| Total |
|
446,116 |
1,531 |
447,647 |
410,797 |
| Net gains on investments |
|
|
|
|
1,208 |
| NET INCOME/(EXPENDITURE) |
|
(23,074) |
(1,356) |
(24,430) |
(41,230) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
1,082,567 |
4,291 |
1,086,858 |
1,128,088 |
| TOTAL FUNDS CARRIED FORWARD |
|
1,059,493 |
2,935 |
1,062,428 |
1,086.858 |
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
14 |
347,472 |
- |
347,472 |
348.211 |
| lnvestmentproperty |
15 |
254,000 |
|
254,000 |
254,000 |
|
|
601,472 |
|
601,472 |
602,211 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
16 |
61,957 |
- |
61,957 |
82,213 |
| Debtors |
17 |
38,438 |
- |
38,438 |
29,818 |
| Investments |
18 |
369,429 |
- |
369,429 |
417,221 |
| Cash at bank and in hand |
|
127,199 |
2,935 |
130,134 |
81,088 |
|
|
597,023 |
2,935 |
599,958 |
610,340 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
19 |
(139,002) |
- |
(139,002) |
(125,693) |
| NET CURRENT ASSETS |
|
458,021 |
2,935 |
460,956 |
484.647 |
| TOTAL ASSETS LESS CURRENT |
LIABILITIES |
1,059,493 |
2,935 |
1,062,428 |
1.086.858 |
| NET ASSETS |
|
1,059,493 |
2,935 |
1,062,428 |
1,086.858 |
| FUNDS |
20 |
|
|
|
|
| Unrestricted funds: |
|
|
|
|
|
| General fund |
|
|
|
525,886 |
545,863 |
| Revaluation reserve |
|
|
|
315,362 |
318.459 |
| Fair value reserve |
|
|
|
218,245 |
218,245 |
|
|
|
|
1,059,493 |
1,082,567 |
| Restricted funds |
|
|
|
2,935 |
4,291 |
| TOTAL FUNDS |
|
|
|
1,062,428 |
1,086,858 |
| DONATIONS AND LEGACIES |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Donations |
38,258 |
43,174 |
| Legacies |
38,044 |
26,000 |
|
76,302 |
69174 |
| INVESTMENT INCOME |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Rents received |
22,940 |
22,780 |
| Deposit account interest |
3,896 |
1,998 |
|
26,836 |
24,778 |
| INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
2022 |
2021 |
| Activity |
£ |
£ |
| Own publications |
119,898 |
83,833 |
| Outside publications |
55,891 |
52,468 |
| Magazines |
119137 |
119,884 |
| Other income (including |
|
|
| design and print) |
19,803 |
14,918 |
| Booklets |
5,350 |
3,304 |
|
320,079 |
274.407 |
| 6. |
CHARITABLE A |
CTIVITIES COSTS |
|
|
|
|
|
|
Direct |
Support |
|
|
|
|
Costs (see |
costs (see |
|
|
|
|
note 7) |
note 9) |
Totals |
|
|
|
£ |
£ |
£ |
|
Own publications |
|
130,703 |
5,393 |
136,096 |
|
Outside publications |
|
74.520 |
2,498 |
77,013 |
|
Magazines |
|
113,669 |
5,393 |
119,062 |
|
Other income (including design and |
|
|
|
|
|
print) |
|
65,267 |
6,026 |
71,293 |
|
Booklets |
|
21,678 |
1,688 |
23,366 |
|
Advisory |
|
19,892 |
920 |
20,812 |
|
|
|
425,729 |
21,918 |
447,647 |
| 7. |
DIRECT COSTS |
OF CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
Staff costs |
|
|
204,102 |
212,383 |
|
Rates and water |
|
|
3,779 |
3,690 |
|
Insurance |
|
|
3,595 |
7,847 |
|
Light and heat |
|
|
6,822 |
4.900 |
|
Telephone |
|
|
1,722 |
1.691 |
|
Postage and stationery |
|
|
1,846 |
2,367 |
|
Sundries |
|
|
1,539 |
1125 |
|
Own publications |
- purchases |
|
68,358 |
52689 |
|
Outside pbIications purcnases |
|
|
53,494 |
43.897 |
|
Magazines purchases |
|
|
51,505 |
36.137 |
|
Website costs |
|
|
1,447 |
1,262 |
|
Computer expenses |
|
|
7,857 |
7,465 |
|
Cleaning |
|
|
2,849 |
3,009 |
|
Premises expenses |
|
|
4,380 |
5,045 |
|
Printing costs |
|
|
6,865 |
2,492 |
|
Booklets purchases |
|
|
2,219 |
1,551 |
|
Bookkeeping |
|
|
3,350 |
3,250 |
|
|
|
|
425,729 |
390,800 |
| 8. |
GRANTS PAYABLE |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
Distribution of third-party donations |
|
|
|
1,400 |
|
The total grants paid to institutions during the year was as follows: |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
Distribution of third-party donations |
|
|
|
1,400 |
| SUPPORT COSTS |
|
|
|
|
|
|
|
Governance |
|
|
|
Other |
casts |
Totals |
|
|
£ |
£ |
£ |
| Own publications |
|
4,305 |
1,088 |
5,393 |
| Outside publications |
|
1,995 |
503 |
2,498 |
| Magazines |
|
4,305 |
1,088 |
5,393 |
| Other income (including design and print) |
|
4,812 |
1,214 |
6,026 |
| Booklets |
|
1,348 |
340 |
1,888 |
| Advisory |
|
735 |
185 |
920 |
|
|
17,500 |
4,418 |
21,918 |
| Support costs] included in the above, are as follows: |
|
|
|
|
|
|
|
|
Other |
|
|
|
|
income |
|
|
|
|
(including |
|
|
|
|
design |
|
Own |
Outside |
|
and |
|
publications |
publications |
Magazines |
print) |
|
£ |
£ |
£ |
£ |
| Bank cnarges |
2,076 |
962 |
2,076 |
2.320 |
| Depreciation of tangible fixed assets |
2,229 |
1,033 |
2,229 |
2,492 |
| Trustees expenses |
14 |
6 |
14 |
15 |
| Accountancy and legal fees |
1,074 |
497 |
1,074 |
1,199 |
|
5,393 |
2,498 |
5,393 |
6,026 |
|
|
|
2022 |
2021 |
|
|
|
Total |
Total |
|
Booklets |
Advisory |
activities |
activities |
|
£ |
£ |
£ |
£ |
| Bank charges |
650 |
354 |
8,438 |
7,716 |
| Depreciation of tangible fixed assets |
698 |
381 |
9,062 |
7,828 |
| Trustees’ expenses |
4 |
2 |
55 |
|
| Accountancy and legal fees |
336 |
183 |
4,363 |
3,053 |
|
1,688 |
920 |
21,918 |
18,597 |
| 2022 |
2021 |
| £ |
£ |
| 9,062 |
7,827 |
| 2,835 |
2.700 |
| STAFF COSTS |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Wages and salaries |
180,842 |
185,620 |
| Social security costs |
10,907 |
11,947 |
| Other pension costs |
12,353 |
14,816 |
|
204,102 |
212,383 |
| The avera |
ge m |
onthly |
number of employees during the y |
ear was as follows: |
|
|
|
|
|
2022 |
2021 |
| Editors |
|
|
|
2 |
2 |
| Publishing |
and |
office |
staff |
6 |
6 |
|
|
|
|
8 |
8 |
| 13. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
Donations and legacies |
67,724 |
1450 |
69.174 |
|
Charitable activities |
|
|
|
|
Own publications |
83,833 |
- |
83,833 |
|
Outside publications |
52468 |
- |
52,468 |
|
Magazines |
119,884 |
- |
119,884 |
|
Other income (including design and print) |
14,918 |
- |
14,918 |
|
Booklets |
3,304 |
- |
3,304 |
|
Investment income |
24,778 |
|
24,778 |
|
Total |
366,909 |
1,450 |
368,359 |
|
EXPENDITURE ON |
|
|
|
|
Charitable activities |
|
|
|
|
Own publications |
122,476 |
- |
122,476 |
|
Outside pubhcations |
67,670 |
- |
67,670 |
|
Magazines |
108,303 |
- |
108.303 |
|
Other income (including design and print) |
68,203 |
- |
68,203 |
|
Booklets |
20,760 |
- |
20,760 |
|
Distribution of third-party donations |
|
1,400 |
1.400 |
|
Advisory |
21,985 |
|
21.985 |
|
Total |
409,397 |
1,400 |
410.797 |
|
Net gains on nvestments |
1,208 |
|
1,208 |
|
NET INCOMEI(EXPENDITURE) |
(41,280) |
50 |
(41,230) |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
1,123,847 |
4,241 |
1,128,088 |
|
TOTAL FUNDS CARRIED FORWARD |
1,082,567 |
4,291 |
1,086,858 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
Fixtures |
|
|
|
Freehold |
Plant |
and |
and |
Computer |
|
|
property |
machinery |
|
fittings |
equipment |
Totals |
|
£ |
£ |
|
£ |
£ |
£ |
| COST |
|
|
|
|
|
|
| At 1 January 2022 |
370,000 |
1,239 |
|
15,609 |
28,895 |
415,743 |
| Additions |
|
|
- |
|
8,323 |
8,323 |
| At 31 December 2022 |
370,000 |
1239 |
|
15,609 |
37,218 |
424,066 |
| DEPRECIATION |
|
|
|
|
|
|
| At 1 January 2022 |
26,640 |
1,239 |
|
12,882 |
26,771 |
67,532 |
| Charge for year |
4,440 |
|
|
822 |
3,800 |
9,062 |
| At 31 December 2022 |
31,080 |
1,239 |
|
13,704 |
30,571 |
76,594 |
| NET BOOK VALUE |
|
|
|
|
|
|
| At 31 December 2022 |
336,920 |
|
|
1,905 |
6,647 |
347,472 |
| At 31 December 2021 |
343,360 |
|
|
2,727 |
2124 |
348.2 1 |
| If the freeh |
old property had not been revalued it would h |
ave been included at the following historical |
cost: |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Cost |
|
67,130 |
67,130 |
| Aggregate |
depreciation |
42,365 |
41,052 |
| INVESTMENT PROPERTY |
|
|
£ |
| FAIR VALUE |
|
| At 1 January 2022 |
|
| and 31 December 2022 |
254,000 |
| NET BOOK VALUE |
|
| At 31 December 2022 |
254,000 |
| At 31 Decernoer 2021 |
254.000 |
| Fair value at 31 December 2022 is represented by: |
|
|
£ |
| Valuation in 2015 |
242,500 |
| Valuation in 2021 |
11,500 |
|
254,000 |
| 16. |
STOCKS |
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
£ |
£ |
|
Stocks |
|
|
|
|
61,957 |
82,213 |
| 17. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
|
|
29,855 |
19,937 |
|
Otherdebtors |
|
|
|
|
2,156 |
2,617 |
|
VAT |
|
|
|
|
- |
48 |
|
Prepayments |
|
|
|
|
6,427 |
7.216 |
|
|
|
|
|
|
38,438 |
29,818 |
| 18. |
CURRENT ASSET INVESTMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
£ |
£ |
|
Other |
|
|
|
|
369,429 |
417,221 |
|
The investments consist of cash held on deposit in the United Kingdom. |
|
|
|
|
|
|
| 19. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
£ |
£ |
|
Trade creditors |
|
|
|
|
22,240 |
11,317 |
|
Social security and other taxes |
|
|
|
|
4,679 |
4,417 |
|
VAT |
|
|
|
|
756 |
|
|
Other creditors |
|
|
|
|
4,844 |
3.521 |
|
Accruals and deferred income |
|
|
|
|
106,483 |
106,438 |
|
|
|
|
|
|
139,002 |
125,693 |
|
Accruals and deferred income include £96303 (2021: £100.264 :n respect |
|
|
|
of magazine subscriptions which a |
|
|
|
renewable in January each year. Deferred income is released Vroughout the year |
|
|
|
|
on a monthly |
basis. |
| 20. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
|
Net |
|
Transfers |
|
|
|
|
movement |
|
|
between |
At |
|
|
At 1/1/22 |
in |
funds |
|
funds |
31/12/22 |
|
|
£ |
|
£ |
|
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
|
|
General lund |
545,863 |
(23,074) |
|
|
3,097 |
525,886 |
|
Revaluation reserve |
318,459 |
|
|
- |
(3,097) |
315,362 |
|
Fair value reserve |
218,245 |
|
|
|
|
218,245 |
|
|
1,082,567 |
(23,074) |
|
|
- |
1,059,493 |
|
Restricted funds |
|
|
|
|
|
|
|
Hage fund |
4,291 |
(1,356) |
|
|
- |
2,935 |
|
TOTAL FUNDS |
1,086,858 |
(24,430) |
|
|
- |
1,062,428 |
| Net movement in funds, included in the abov |
e are as follows: |
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
423,042 |
(446116) |
(23,074) |
| Restricted funds |
|
|
|
| Hage fund |
175 |
(1,531) |
(1,356) |
| TOTAL FUNDS |
423,217 |
(447,647) |
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1/1/21 |
in funds |
funds |
31/12/21 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
585,254 |
(42,488) |
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) |
- |
1082567 |
| Restricted funds |
|
|
|
|
| Hage fund |
4,241 |
50 |
- |
4,291 |
| TOTAL FUNDS |
1,128,088 |
(41,230) |
- |
1,086,858 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
366,909 |
(409,397) |
- |
(42.488) |
| RevaluaUon reserve |
- |
- |
1,208 |
1,208 |
|
366,909 |
(409,397) |
1,208 |
(41.280) |
| Restricted funds |
|
|
|
|
| Distribution of 3rd party donations |
1,400 |
(1.400) |
- |
- |
| Hage fund |
50 |
- |
|
50 |
|
1,450 |
(1,400) |
- |
50 |
| TOTAL FUNDS |
368,359 |
(410.797) |
1,208 |
(41,230) |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1/1/21 |
in funds |
funds |
31/12/22 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General ftirid |
585,254 |
(65,562) |
6.194 |
525,886 |
| Revaluation reserve |
320348 |
1,208 |
(6,194) |
315,362 |
| Fair value reserve |
218245 |
|
|
218,245 |
|
1123847 |
(64,354) |
- |
1,059,493 |
| Restricted funds |
|
|
|
|
| Hage fund |
4,241 |
(1,306) |
- |
2,935 |
| TOTAL FUNDS |
1,128,088 |
(65,660) |
|
1,062,428 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
789,951 |
(855,513) |
- |
(65,562) |
| Revaluation reserve |
- |
|
1,208 |
1,208 |
|
789,951 |
(855,513) |
1,208 |
(64,354) |
| Restricted funds |
|
|
|
|
| Distribution of 3rd party donations |
1,400 |
(1,400) |
- |
- |
| Hagefund |
225 |
(1,531) |
|
(1.306) |
|
1.625 |
(2.931) |
|
(1,306) |
| TOTAL FUNDS |
79.576 |
(858.444) |
1,208 |
0) |