2020-09-30-accounts - Experimental Psychology Society

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Trustees report	1-4
lndependent examiner's report	5
Statementoffinancialactivities	6
Balance sheet	7
Notesto the financialstatements	8-17

The trustees who servedduringtheyearandupto the date of signature of the financial statementswere: President-ProfJDuncan (Appointed8January2020) President-Prof CHeyes (RetiredIJanuary 2020)	The trustees who servedduringtheyearandupto the date of signature of the financial statementswere: President-ProfJDuncan (Appointed8January2020) President-Prof CHeyes (RetiredIJanuary 2020)
HonSecretary - Prof HFerguson
HonTreasurer-Prof PHaggard ProfAHamilton QJEPEditor-Prof SLiversedge DrRFilik	(Appointed8January2020) (RetiredIJanuary2020) (Appointed8January2020)
Prof GGaskell
DrJGrange
Dr MHaselgrove
ProfMLongo
Dr EFerre
DrASmith
Prof LPhillips DrJTree Dr KBrandt DrAWeighall DrEBradford DrAJohnson DrJTaylor DrDYon ProfAMeyer	(Retired 1 October2019) (Retired 8 January2020) (Retired 8 January2020) (RetiredIJanuary2020) (AppointedIJanuary2020) (Appointed 8 January2020) (AppointedIJanuary2020) (Appointed 8 January2020) (Appointed 8 January2020)

	Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
	Notes	Ê	Ê	Ê	Ê	Ê	€
lncome from:
Donations andlegacies2 Charitableactivities3 lnvestments 4		9,633 474,865 2,208	6,161	9,633 474,865 8,369	10,154 576,373 1,802	5,907	10,154 576,373 7,709
Total income		486,706 6,161		492,867588,329 5,907			594,236
Expenditureon: Charitableactivities	5	290,938 1,828		292,766283,398 3,7il			287,152
Netgains/(losses)on investments	12		(29,661)	(2e,661)		237	237
Netmovement infunds		195,768(25,328)		170,440304,931		2,390	307,321
Fund balancesat1 October2019		701,028 107,133		808,161396,097104,743			500,840
Fund balances at30
September2020		896,796	81,805	978,601	701,028	107,133	808,161


	Notes	e	Ê	Ê	f
Fixed assets
lnvestments	13		95,403		118,903
Current assets
Debtors	14	277,043		271,457
Cash atbankand inhand	l5	857,588		611,013
		1jU,631		882,470
Creditons:amountsfallingduewithin
one year
Other creditors	16	251,433		193,212
Netcurrent assets			883,1 98		689,258
Total assets less currentliabilities			978,601		808,161
lncome funds
Bartlett LectureFund		79,369		104,197
FrithFund		2,436		2,936
	17		81,805		107,133
Unrestricted funds			896,796		701,028
			978,601		808,161

						2020	2019
						Ê	â
QJEPRoyalty						465,865	567,373
Contribution towards prizes and lecture		recording				9,000	9,000
						!^,t*	576,373
lnvestments
	Unrestricted	Restricted		ïotalUnrestricted		Restricted	Total
	funds	funds			funds	funds
	2020	2020		2020	2019	2019	2019
	e		â	Ê	Ê	Ê	r
National SavingsBank	837			837	454		454
HSBC and Charifund
interest investment income	1,371	6,161		7,532	1,348	5,907	7,255
	2,208	6,1	61	8,369	1,802	5,907	7,709

		2020	2019
		E	f
	QJEPexpenditure	76,096	76,051
	Conferenceexpenses	18,859	34,321
	EPSWorkshops	3,612	6,937
	Grantspayable	136,950	111,839
	Subscriptionsto otherorganisations	500	1,000
	Management and administration	56,749	57,004
		292,766	287,152
		292,766	287,152
	Analysisby fund
	Unrestrictedfunds	290,938	283,398
	Restrictedfunds	1,828	3,7il
		292,766	287,152
6	QJEPexpenses	2020	2019
		I	Ê
	Edito/ssecretarialexpenses	27,740	33,280
	Associate editor'sexpenses	46,860	42,993
	Loss/(profit)onforeign exchangemovement	1,496	(222)
		76,096	76,051

7	Conference expenses	2020	2019
		E	Ê
	Bartlett and Frith lectureexpenses(restricted)	328	754
	Hospitality	7,188	14,634
	lnvited speakers expenses	3,617	16,464
	Meetingexpenses	7,726	1,577
	Carers fund		898
		il'*	34,327
	Restrictedfunds	328	754
	Unrestricted funds	18,531	33,573
		18,859	34,327
I	Grantspayable
		2020	2019
		Ê	r
	Bartlett(restricted)	1,000	2,500
	Frith Prize(restricted)	500	500
	Grindley Grants (post graduatetravel)	1,836	5,274
	Studyvisits	43,936	22,171
	Studentbursaries	20,488	20,700
	EPS prizes (EPS: Mid-career;Undergraduates)	3,778	1,392
	Smallgrants	67,239	59,302
		138,777	111,839
	Unrestricted funds	137,277	108,839
	Restricted funds	1,500	3,000
		138,777	I11,839

Managementand administration	2020 Ê	2019 f
Secretary EPS: secretarialassistance	41,602	37,730
Treasurer EPS: Secretarial assistance	6,641	6,414
Committeetravel	3,916	9,051
Accountancy fees	4,110	3J25
Miscellaneous	(2e)	684
Web	509
	56,749	57,004

14	Debtors
		2020	2019
	Amounts fallingduewithinoneyear:	Ê	f,
	Other debtors	266,083	254,995
	VAT recoverable	10,960	16,462
		277,043	27',1,457
l5	Bank	2020f	2019 t
	HSBC Current account	50,000	5,450
	HSBC Deposit account	715,973	514,718
	National Savings Bank	85,655	84,818
	Record Bank(Belgium)	5,960	6,027
		857,588	611,013

Other creditorefallingduewithinoneyear
	2020	2019
	Ê	e
Grantsapproved	210,807	177,712
Accruals and deferredincome	40,626	15,500
	251,433	't93,212

Theincomefundsofthe charity i	nclude restricted funds com	prising the following unexpended balancesofdonations	and grantsheld on trustfor	and grantsheld on trustfor	specificpur	poses:
		Movementinfunds	Movementinfunds
	Balanceat 1October2018 f	lncomingResourcesRevaluat¡ons,Balanceat resources expendedga¡nsandlOctober2019 losses tffÊÊ	lncoming resources	ResourcesRevaluations, expended f gainsand30 losses tâ		Balance at September 2O2O
Bartlett LectureFund	100,553	(2,500) 104,197 5,907 237	6,161	(1,328)	(29,661)	79,369
FrithFund	4,190	(1,254) 2,936		(500)		2,436
	107,133 104,743 5,907 (3,754) 237		6,161	(1,828)	(29,661)	81,805

Analysisofnetassets	betweenfunds
	Unrestricted	Restricted	TotalUnrestricted		Restricted		Total
	funds 2020 Ê	funds 2020 Ê	2020 et	fr¡nrJs 2019		fr¡nds 2019 Ê	2019 e
Fund balances at30
September 2020 are
representedby: lnvestrnents	13,598	81,805	95,403	11,770		107,133	118,903
Current assets/ (liabilities)	883,198		883,198	689,258			689,258
	896,796 81,805		978,601	701,O28		107,133	808,161