Charity re￿$tration number: 251851 The British Agricultural History Society Annual Report and Finanaal Statements forthe Year Ended 31 January 2023 Pe￿oW$ Ltd Moorgate House King Street Newton Abbot Devon TQ12 2LG The Britlsh Agrfcuftural Hlstory Society Annual Report for the Financial Year l February 2022 to 31 January 2023 Charity Number 251851 Reference and Administrative Detsils Contart Addre55 British Agricultural Society Department of History University of Exeter Amory Building Rennes Drive Exeter EX44 Bankers Uoyds Bank plc 1-2 Market Place ReadlnE RGI 2EQ E¥arniner Mr Michael Denoon Young FCA Moorgate House ng Street Newton Abbot DÈvon TQ12 2LG Executive Comrnittee Urusteesl atyear-end Prof Karen Sayer DPhil Dr Sarah Holland Dr Samantha Shave BA Msc PhD Dr Alex Spike Gibbs Dr Derek shepherd Professor Abigail Dr Danae Tankard Professorjordan Claridge ProfessorAnnie findley Dr John MORGAN Professor Nicola Verdon Df Paul Simon WARDE Professorjohn Frederick Martln Rebecca Ford Chair Tmstee Twstee Trustee Trustee Twstee Tnjstee Trustee Trustee Trustee Trustee Trustee Trustee Trustee The Brltish AgrlculturalHistorySo¢letyAnnual Reportforthe Financialyoar 1 Febrnary 2022to 31 January 2023 Charrty Numb¢r251851 Report of theTru8tees on Actlvltles durlnlthe Hnanelalyesr ObJects ofthe Soclety Tho Socièty ts￿sts to promota the studyof agricultur8L history and the history of wraleconomy and society. It doe8 thi8 through the pubb"cation of it8 bi8nnu8ljourn8L The Agricultural History Review, and its newsletter, Rural HistoryToday. and by holdingat least two conferences each year. These 8Ctiwties are contsined in the Society's constitution Bdopted at its foundation In 1953. and subsequently modified at the Society's Annual General Meetings in 2000 and 2016 Pubil¥hing This continues to be the principal means bywhich the Society fuLfi(s lis objectÈves. Thesociety published two issues olThe Agricultur81 HistoryReview. Volume 70 120221 in lune and January. Back numbers of the Revlewaretreely available to 8ILvi8 the website, Ihree years in arrears. The Society also pUb￿shed Iwo issues ofthe newsletter Rural HistoryToday (Numbers 43 8nd 441. whTrch is widely distributed beyond the membership ofthe Society and is freely available to Bll onthe BAHS w¢b$it8. The websits 8Lso. amongst othèrthings. hosts LIBRAL ILibr8ry of Irish and British Rural and Agricultural Literature), which provides direetfvee accessto digitized literature on the subject. Duringtheyear £4,162 was spent on UBRAL development. scanning8 wid6 rgnge oyworks. Grant5 The Society offers grantsto individuals. societies, and institutions in the furtheranctr ol its objects. During the year, an award of £500 wastaken up. Ajoan Thirsk Memorial prlzè award of £500w8s madè duringth• ￿8T as p8rtoYth8 no￿n#10￿18tions ofthe Society. M•mborshlp Thg number of indrvidual membors fell $lTghtly. However. the numberof institutional members has remained stable. Most new members continuetojoin through the website. paying by PayP8I. Electronic access to the Review￿5 Ing8nta is provid8d free for indwidual members and Institutional subscribers Ilngentg's costs hre treated 88 p8rt of the Production and De8patch of the Review). Ac¢ount$ forthe Y?ar to31 January 2023 The Society made 8 small loss of£810 in the year compared wrth a smallsurplus of £1,867 in 2021-22. Subscriptions were down by £1.809 and journal sales were broadly level compared with the prèvious y&8r. Thè1099 on the Spring Conterence wa8 higher than in the previous year, £2,842 compared Trmth £918 in 2021-22. On th8 exponditure side. the costs of producing8nd disp8tchingth8 Review. thè maintenance ol the webstte and the development of UBRALwere all Lowerthan in 2021-22. Total expenditure forthe yearwas £34,308 compared wf(h £36,636 in 2021- 22. Unrealized movemenis in investments showed 8 signthcant loss on the pwous year. £4,853 compared with 8 gain of E9.096 in 2021-22. (knraLi, the &Trciety is in a hgalthy position, with Some £127.210 of cash and investments atcurrentvalues1£132,873 in 2021-221. Reserves Poucy The Society's pobcy 18. t8king oneyg8rwtth the next. to spendthe income it receTves in pursuit of its objectives, while setting aside any surpluses to cover future projects. and to generate future incorne to support the society's grants and awards. The Society has no Restricted Funds. Its Unrestricted Funds Currently st8nd at £127,210 out ofwhich Designated Funds have b8èn sat aside bythe Truste84 as follu4VS'. Dg8ignat8d Projects and Initisti￿s Fund Currently stsnding8t £27.234. this is seta$ide to pay for new and continuing activities which cannot readily be lunded from in-year revenue. Expenditure from this fund is 8t the discretion of the Trustees. Research and Grants Fund Currently standing at £44,199, this is intended to be an investmentlund. the Income from which WI￿ be used for the provision of grants and donations to support new r8s&8rch. and events such as conf8renc88. W8rds. 8nd publications in the Socievs area of agriculturaland rur81 history. Unrestrlcted. Undeslgnated Th8 balance of our re5eTves stands at £55.777. equivalent to more than one y88r's current expenditure. It is the intention of the Trustees to aim to maintain this fund at a level sufficientto coversessonal and unexpected fluctuations bfften income and expenditure. wtthout h8ving to sell arw ofour investments. which might incur significant Losse$. Signed on behalf of th8 charit￿sTrUStees Dr D8r8k B Shepherd -Trustse 1 August 2024 The Britlsh Agricultural History Society Annual Report for the Financial Year l February 2022 to 31 Jartuary 2023 Charity Number 251851 Statement of assets and liabilities at 31 January 2023 2022.23 2021.22 CURREfr￿ ASSETS Treasurers Accounl M&G Charibond CAF Incom8 Fund COIF Charities Elhi¢al InvestmentAc¢ount St. Jarn8s Place- Untt Trust 14.319 41,458 19.032 27.234 25.167 15.129 41,542 I8.￿6 28.529 29,667 127,210 132,873 Less-. CURRENT LIABILrriES Joan Thlrsk Award Fund TOTAL ASSETS less CURRENT LIABIUMES 127.210 132.873 RESERVES as at 31January 2022 132,873 121,910 Excess of Expenditure over Income forthe year Sum of unrealised gainsllosse5 on Inve5trnents RESERVES as at 31January 2023 18101 14,8531 127.110 1,867 9,(S6 13Z.873 Represented by: Restricted Reserves Designated Reserves Research & Gfants Fund Project5 & Inttiatives Fund Unrestricted, Undesignated Funds 44.199 27.234 55,777 127.210 47.673 28.529 56,671 132,873 The accounts were approved bythe trustees. and authorised for i55ue and signed on their behaff by.. Dr Derek B Shepherd- Tru51ee Date: l August 2024 The British A8riT the Financial Year l February 2012 to 31 January 2023 Charity Number 251851 RedÈpts and payments attounl for the year ended 31 January 2023 (Cont.) 2021-22 EXPENDITURE Production and Despatch Review Rural History Today Joan Thirsk award Executive Committee Expense5 Editors Remuneration Assisiant Trea5urers' Feès Examlners Fee Office Costs Casual Labour Website Maintenance PayPal Management New51etters and other Mailin85 Insurance Paypal charges BALH Subscription EHIO Subscription Research Grants Libral Development IS.S44 4.662 17,295 2.029 195 3.807 2,403 200 792 3.130 2.428 175 874 2SO 1,625 335 ioi 75 1,561 250 5.291 75 534 4.162 Ttstal Expenditure 34.308 36.636 Unreallsed movements in Investments M & G Charifijnd LosslGain CAF Income Fund Los5/Gain COIF Income Fund LosslGain Stjames Place UnitTrust Loss/Galn 1841 1,026 11.29SI 14.51K>I 14.8531 17701 2,585 633 9.096 The British Agricultural History Society Annual Report forthe Financial Year l February 2022 to 31 January 2023 Charity NumbÈr 251851 Indèpendent Examinerfs Report to the Trustees of The British A8ri¢ultural History &xiety I report to the charity tru5tee5 on my exarnination of the accounts of the charity forthe year ended 31 January 2023. Responslb51ities and basis of report As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the requlrements ol the Charr(ies Att 2011 lfthe AtVI. I report In respect of my examination of the chari￿5 accounts carried out under section 145 of the Act and in carrying out my exarnination I have followed all the applicable Direttions given by the Charity Commission under section 14515llbl of the ACL Independent examiner's 51atement I have completed my examination. I confirni that no rnaterial matters have corne to my attention in connedion with the examination wing me cause to believe that in any material re5pect- accounting records were not kept in respect of the chartty as required by sectTron 130 of the A¢ or 2. the atcounts do not accord wrth those retords. I have no concerns and have come acr05s no other matters in connection with the examination to whlch attention should be drawn In thls report in orderto enable a proper under5tsnding of the accounts to be reached. Michael Youn8 FCA Independent Examiner Ptplow5 Ltd Moorgate House King Street Newton Abbot Devon T(U2 2LG Date.. IAu8USt 2024