## ## ## ## ||Page| |---|---| |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| ## ## ## ||||2A2A|||2419|| |---|---|---|---|---|---|---|---| ||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|Total| |---|---|---| ||funds|| ||2020|2019| ||Ê|€| |Donations and gifts|110|2,043| |Membership fees|9,523|8,111| ||9,633|10,154| ## |||||||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| ## ## |9|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| ## ## |Restricted|Restricted| |---|---| |funds|funds| |2020|2019| |Ê|I| |(2e,661)|237| ## ## ## ## ||Listed| |---|---| ||investments| ||Ê| |Cost or valuation|| |At1October2019|118,903| |Additions|6,161| |Valuation changes|(29,661)| |At 30 September2O2O|95,403| |Carrying amount|| |At 30 September2O2O|95,403| |At 30 September 2019|118,903| ## ## |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| ## ## |16|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| ## ## |18|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| ##