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2020-12-31-accounts

Page
Council of management
annual		 report
Independent examiner's
report		 to the members
Statement offinancial activities (including income and expenditure account)
Statement offinancial position
Notes to the financial statements

2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note
Income and endowments
Donations
and legacies		 5 17272 17,272 29,700
Other trading
activities		 6 17,389 17,389 29,689
Investment
income		 7 468 468 809
Total income 35,129 35,129 60,198
Expenditure
Expenditure
on raising funds:
Costs of raising donations and
legacies 8 17,235 17,235 34,137
Expenditure
on charitable		 activities 9,10 11,617 17,516 29,133 58,681
Total expenditure 28,852 17,516 46,368 92,818
Transfer (8,616) 8,616
Net expenditure
and net		 movement in
funds (2,339) (9,900) (11,239) (32,620)
Reconciliation
offunds
Total funds brought
forward		 87,038 22,660 109,698 142,318
Total funds carried forward 84,699 13,760 98,459 109,698

Donation s
and legacies
Unrestricted Restricted Total Funds
Funds Funds 2020
F E
Donations
Amanda Michel fund
Raymond Blakey Fund
Sponsorship
Members and associates 14,908 14,908

Unrestricted Restricted Total Funds
Funds Funds 2020
E
Subscriptions
Subscriptions and application fees 2,364 2,364
17,272 17,272
Unrestricted Restricted Total Funds
Funds Funds 2019
E E E
Donations
Amanda Michel fund 7,780 7,780
Raymond Blakey Fund 1,773 1,773
Sponsorship
Members and associates 19,488 19,488
Subscriptions
Subscriptions and application fees 659 659
20,147 9,553 29,700

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E E
Sales of publication and sundry
receipts 689 689 1,465 1,465
Conference income 4,805 4,805 11,121 11,121
Advertising revenue 2,376 2,376
Journal income 11,895 11,895 12,967 12,967
Fellows Dinner 1,760 1,760
17,389 17,389 29,689 29,689
Investme nt income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020
f		 Funds 2019
Bank interest receivable 468 468 809 809

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E
Opening stock 750 750 833 833
Journal printing 9,900 9,900 16,213 16,213
Closing stock (675) (675) (750) (750)
Honorarium - editor 6,544 6,544 6,353 6,353
Fellows' Dinner 2,213 2,213
Conference expenditure 343 343 8,905 8,905
Subscription - IULTCS 373 373 370 370
17,235 17,235 34,137 34,137

Expendit ure
on charitable		 activities
by fun		 d type
Unrestricted Restricted Total Funds
Funds
E		 Funds
E		 2020
f
Heritage project - archiving 11,700 11,700
Payment to Northampton University 1,411 1,411
Raymond Blakey Fund 1,746 4,405 6,151
Support costs 9,871 9,871
11,617 17,516 29,133
Unrestricted Restricted Total Funds
Funds Funds 2019
E f f
Heritage project - archiving
Payment to Northampton University 46,995 46,995
Raymond Blakey Fund 1,500 1,500
Support costs 10,186 10,186
10,186 48,495 58,681

Expendit ure on charitabl e
activities		 by activity type
Activities
undertaken Support Total funds Total fund
directly
E		 costs
E		 2020
f		 2019
E
Heritage project - archiving 11,700 11,700
Payment to Northampton University 1,411 1,411 46,995
Raymond Blakey Fund 6,151 6,151 1,500
Governance costs 9,871 10,186
19,262 9,871 29,133 58,681

11. Analysis of s uppor t co sts
Unrestricted
Funds Total 2020 Total 2019
E E
Staff costs 5,163 5,163 5,012
Communications
and IT		 849 849 1,026
Finance costs 2,512 2,512 2,040
Travelling
and		 meeting 53 53 14
Sundry expenses 133 133 314
Depreciation 318 318 479
Bank charges 301 301 382
Postage and carriage 638 638 769
Other legal and professional 264 264 150
10,231 10,231 10,186
12. Net expenditure
Net expenditure
is stated		 after charging/(crediting):
2020 2019
F
Depreciation oftangible fixed assets 318 479
13. Independent examination fees
2020
f		 2019
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 2,372 1,980
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed
as follows:
2020 2019
Wages and salaries 11,346 11,365
The average head count of employees during the year was 2 (2019: 2).The average number
of
full-time
equivalent		 employees during the year is analysed as follows:
2020 2019
No. No.
Administration staff 2 2

16. Tangible fixed asset s
Plant and
machinery
etc
Cost
At 1 January 2020 and 31 December 2020 10,348
Depreciation
At 1 January 2020 9,429
Charge for the year 318
At 31 December 2020 9,747
Carrying
amount
At 31 December 2020 601
At 31 December 2019 919
17. Stocks
2020 2019
E
Raw materials and consumables 675 750
18. Creditors: amounts falling due within one year
2020 2019
E
Trade creditors 312 427
Accruals and deferred income 5,129 4,702
Social security and other taxes 197 190
5,638 5,319

At At
1 January 20 31 Decembe
20 Income Expenditure Transfers r2020
E F E E
General funds 87,038 35,129 (28,852) (8,616) 84,699
At At
1 January 20 31 December
19 Income Expenditure Transfers 2019
E E E E
General funds 94,716 50,645 (44,323) (14,000) 87,038

Restricte d funds
At At
1 January 20 31 Decembe
20 Income Expenditure Transfers r2020
E E E E
Heritage Fund 6,976 (11,700) 7,922 3,198
Amanda Michel fund 1,411 (1,411)
Raymond Blakey fund 14,273 (4,405) 694 10,562
22,660 (17,516) 8,616 13,760
At At
1 January
20		 31 December
19 Income Expenditure Transfers 2019
E E E E
Heritage Fund 6,976 6,976
Amanda Michel fund 40,626 7,780 (46,995) 1,411
Raymond Blakey fund 1,773 (1,500) 14,000 14,273
47,602 9,553 (48,495) 14,000 22,660

Analysis of net as sets between funds
Unrestricted Restricted Total Funds
Funds Funds 2020
F E
Tangible fixed assets 601 601
Current assets 89,736 13,760 103,496
Creditors less than 1 year (5,638) (5,638)
Net assets 84,699 13,760 98,459
Unrestricted Restricted Total Funds
Funds Funds 2019
E E
Tangible fixed assets 919 919
Current assets 91,438 22,660 114,098
Creditors less than 1 year (5,319) (5,319)
Net assets 87,038 22,660 109,698