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|Registered Charity num<br>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||





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## 



## 

## 

|||||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|





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## 

|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|





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|2022|2021|
|---|---|
|£|£|
|55||



## 

## 

|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)|



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