2023-12-31-accounts

			Page
Report ofthe Trustees			3-10
Statement of Financial	Activities		11
Balance Sheet			12
Notes to the Financial Statements			13-15
Detailed Statement of Financial		Activities	16
Independent Examiner's	Report		17

Society's	activities. The position at the year end	was as follows:
		2023	2022
		F
Actual eligible reserves		40,924	44,296
Minimum	requirement	32000	40 000
Surplus	over minimum	8924	4296

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	Funds
			Notes	E	E	8	f
INCOMING RESOURCES		FROM:
Voluntary income				14,685		14,685	12,820
Investment income				845		845	1,100
Charitable activities
Subscriptions				29,959		29,959	29,066
Sale ofjournals and	books			435		435	347
Advertising in the journal				75		75
Catering/events				2,142		2,142	(57)
Other				887		887	2,837
Total incoming resources				49,028		49,028	46,113
RESOURCES EXPENDED
Charitable activities
Printing and postage	ofjournals			26,214		26,214	36,762
Prizes and grants				9,766		9,766	5,972
Templer Medal presentation,		lecture costs		8,905		8,905	7,333
Sponsorship				500		500	800
Governance costs				6,948		6,948	4,324
Total resources expended				52,333		52,333	55,191
NET INCOMING/(OUTGOING)
RESOURCES				(3,305)		(3,305)	(9,078)
Other recognised gains/(losses)
Losses on investment	assets			~1,822)		~1,822)	~6,418)
Net movement in funds				(5,127)		(5,127)	(15,496)
RECONCILIATION	OF FUNDS
Total funds brought	fonvard			48,468		48,468	63,964
TOTAL FUNDS CARRIED		FORWARD		43,341		43,341	48,468

					2023	2022
			Unrestricted	Restricted	Total	Total
		Notes	funds f,	funds F	funds f	Funds f
FIXEDASSETS
Investments		4	32,237		32,237	34,266
CURRENT ASSETS
Stocks			2,418		2,418	4,172
Debtors and prepayments			3,600		3,600	3,116
Cash at bank and	in hand		18,156		18,156	23,401
			24,174		24,174	30,689
CREDITORS
Amounts falling due within one year		7	(13,070)		(13,070)	(16,487)
NKT CURRENT	ASSETS		11,104		11,104	14,202
TOTAL ASSETS	LESSCURRENT
LIABILITIES			43,341		43,341	48,468
NET ASSETS			43,341		43,341	48,468
FUNDS
Unrestricted funds		8	43,341		43,341	48,468
TOTAL FUNDS			43,341		43,341	48,468

FIXEDASSET INVESTMKNTS	FIXEDASSET INVESTMKNTS	FIXEDASSET INVESTMKNTS
a) Analysis ofinvestments			2023	2022
Managed funds			21,422	13,470
Real estate investment		trust	10,356	10,044
Investment trust			0	10752
Total investments			31,778	34,266
Cash at investment	manager		459	0
Total			32237	34 266
b) Analysis ofinvestment		movements
			2023	2022
			E	E
Opening book cost			37,544	47,533
Opening investment holding		(losses)/gains	(33278	6897
Opening market value			34,266	54,430
Movements in year:
Disposals - proceeds			(21,383)	(13,746)
Purchases at cost			20,717	0
Losses on investment	in the	year	~1,822)	~6,418)
Closing market value			31,778	34,266
Closing book cost			34,436	37,544
Closing investment holding		losses	(2658)	~3278)
Closing market value			31,778	34,266
STOCKS
			2023	2022
			f.	F
Stocks			2,418	4,172

DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
	2023	2022
	F
Prepayments	600
Other Debtors	3,000	3,116
	3,600	3,116
CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR
	2023	2022
	f	f
Trade creditors	7,903	11,928
Other creditors	5,167	4,559
	13,070	16,487

					Net
					movement
			At	1.1.23	in funds	At 31.12.23
					f.	f
Unrestricted		funds
General	fund			48,468	~5, 127)	43,341
TOTALFUNDS				48,468	(5,127)	43,341

Net move	ment	in funds, i	ncluded in the abo	ve are as follo	ws:
			Incoming	Resources	Gains and	Movement
			resources f	expended F	(losses) f	in funds F
Unrestricted		funds
General	fund		48,990	52,295		5,127
TOTAL	FUNDS		48,990	52,295	(1,822)	(5,127)

				2023	2022
				f	f
INCOMING RESOURCES
Voluntary income
Donations				11,685	9,679
Gift aid				3000	3 141
				14,685	12,820
Investment income
Investment income				845	1,100
Incoming resources	from charitable		activities
Subscriptions				29,959	29,066
Sale ofsurplus journals and books				435	347
Advertising in the journal				75
Catering/events				2,142	(57)
Other				887	2 837
				33,498	32,193
Total incoming resources				49,028	46,113
RESOURCES EXPENDED
Charitable activities
Printing offour journals				16,714	15,321
Printing ofthe Centenary		journal		0	10,050
Postage offour journals				9,500	7,661
Postage of the Centenary		journals		0	3,730
Prizes and grants				9,766	5,972
Sponsorship				500	800
Events and lecture costs				8905	7333
				45,385	50,867
Governance costs
Office, administration	and	travel		5,064	2,877
Accountancy				1,442	960
Bank charges				442	487
				6,948	4,324
Total resources expended				52,333	55,191
Net income/(expenditure)		before gains	and losses
				(3,305)	(9,078)
Recognised gains and	losses
Losses on fixed asset	investments			(1,822)	(6,418)
Net income/(expenditure)				(5,127)	(15,496)