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|Contents|Page No.|
|---|---|
|Trustees' Report|r-4|
|lndependentExaminer's Report|5|
|StatementofFinancialActivities|6|
|Balance Sheet|7|
|Notestothe Accounts|8-12|





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|STATEMENTOF FINANCIALACTIVITIES<br>FORTHE YEARENDED31DECEMBER2023||||
|---|---|---|---|
||Notes|2023|2022|
|||f|€|
|lncomingResources||||
|lncomingResourcesfromgeneratedfunds:<br>Subscriptions<br>lnvestmentincome<br>lncomingResourcesfromcharitable activities:<br>Other incomingresources|5<br>6<br>7|L2,544<br>2,869<br>7,204<br>3,453|L3,OL7<br>2,964<br>4,240<br>2,365|
|||26,O7O|22,586|
|ResourcesExPended||||
|Costsofgenerating funds<br>Charitable activities<br>Governancecosts|8<br>9<br>10|6,428<br>9,293<br>11,353|3,707<br>9,267<br>L2,326|
|||27,O74|25,300|
|Deficitofincomeoverexpenditure||(1,004)|(2,7r41|





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||Notes||2023|2022|
|---|---|---|---|---|
||||f|f|
|Fixed Assets|||||
|Tangiblefixedassets||LL|6L6|68s|
|lnvestments||L2|L5,634|L5,634|
||||L6,250|T6,3T9|
|CurrentAssets|||||
|Stock|||95,221|97,103|
|Debtors||13|L,483|1,,004|
|Cashatbank andinhand|||27,582|31,693|
||||L24,286|L29,800|
|Creditors: amountsfallingduewithinoneyear||L4|(9,592)|(L4,L7Ll|
|Net CurrentAssets|||LL4,694|LLs,629|
|NetAssets|||L30,944|L3L,948|
|Representedby:|||||
|Funds||15|L30,944|L3L,948|





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|5|lnvestmentincome|||
|---|---|---|---|
|||2023|2022|
|||f|f|
||Listedinvestments|2,969|2,964|
|6|lncomingresourcesfromcharitable activities|||
|||2023|2022|
|||f|f|
||Salesofpublications|6,744|3,796|
||RoyaIties|4L8|41,4|
||Salesofjournals|42|30|
|||7,204|4,240|
|7|Other incomingresources|||
|||2023|2022|
|||f.|f.|
||Donations|2,335|2,034|
||Otherincome|L,LL8|33L|
|||3,453|2,365|
|I|Costsof generating funds|||
|||2023|20?,2|
|||f|f|
||Costofpublicationssold|4,226|L,840|
||Productionofjournal|2,L00|2,000|
||Underl(over)provisionforproduction journal|LO2|(133)|
|||6,428|3,707|





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|9|Charitableactivities||||||
|---|---|---|---|---|---|---|
|||||2023||2422|
|||||f||f|
||Publicationsofficer|||6,877||7,009|
||Research costs|||2,166||2,158|
||Essayprizes|||250||100|
|||||9,293||9,267|
|10|Governancecosts||||||
|||||2023||2022|
|||||f||f|
||Administrator|||6,877||7,009|
||Accountaflcy,auditand management|||2,950||2,380|
||OfficecostS,ffiaintenanceandtravel|||1,360||2,816|
||Baddebts|||97||44|
||Depreciation|||69||77|
|||||11,353||12,326|
|11|Tangiblefixedassets|Office||Furniture|||
|||Machinery<br>ff||&Fixtures|Library<br>f|Total<br>f|
||Cost||||||
||At1January 2023and 31 December20?3|29,37|6|1',426|7,245|38,047|
||Depreciation||||||
||At1 January2023|29,376||1,416|6,570|37,362|
||Chargeforyear|||L|68|69|
||At 3L December 2023|29,37|6|L,4L7|6,638|37,43L|
||Net book value||||||
||At31Decernber2023||||607|616|
||At 31 December 2022|||10|675|685|





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|lnvestments|||
|---|---|---|
||2023|2022|
||f|f|
|Listedshares|!3,634|13,634|
|OIofvonFeilitzenCollection|2,000|2,000|
||15,634|1"5,634|



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|Debtors|||
|---|---|---|
||2023|2022|
||f|f|
|Tradedebtors|430|493|
|Sundrydebtors|468|511|
|Prepayments|s8s||
||1,,483|1,004|
|Creditors: amountsfallingduewithinone year|||
||2023|2022|
||f|f|
|Creditors and accruedexpenses<br>Subscriptions received inadvance|5,771<br>344|7,517<br>t,}tt|
|Deferred income|3,477|5,643|
||9,592|14,171.|



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|Funds|||||
|---|---|---|---|---|
||Balanceat||Balanceat31||
||lJanuary<br>2023|lncoming<br>Resources|ResourcesDecember<br>Expended<br>2023||
||ff||ff||
|RestrictedfundFairfield Trust|(3,ooo)|||(3,ooo)|
|U nrestrictedgeneraIfund|L34,948|26,070|(27,074)|L33,944|
||L31,948|26,070|(27,074)|!30,944|





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|||Net|||
|---|---|---|---|---|
||Balanceat|lncomingl|Balanceat31||
||1January|(Ougoing)||December|
||2023|Resources|Transfer|<br>2023|
||ff||ff||
|ProvisionofPublications|40,241||L2,544|52,785|
|Remainderofunrestricted fund|94,707|(1,004)|(!2,544)|81,159|
||134,948|(1,004)||!33,944|



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|AnalysisofNetAssetsBetweenFunds||||
|---|---|---|---|
||U nrestrictedRestricted|||
||Funds|Funds|Total|
||ff||f|
|Fixedassets|1"6,250||16,254|
|Currentassets|!24,286||124,286|
|Creditors: amounts falling duewithinoneyear|(6,592)|(3,000)|(9,592)|
||133,944|(3,000)|130,944|



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