2020-12-31-accounts - The Costume Society

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		Page
Report ofthe Trustees		1to4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		8 to	14
Detailed Statement ofFinancial Activities		15 to	16

for the Year Ended 3	1st	Dece	m	ber 2020
								2020	2019
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	funds
					Notes	8	F	8
INCOME AND ENDOWMENTS			FROM
Subscriptions &Legacies						20,642		20,642	18,411
Charitable activities
Costume Journal						12,457		12,457	12,643
Conference							500	500	11,140
Events &Visits									270
Investment income						400	6,483	6,883	7,535
Total						33,499	6,983	40,482	49,999
EXPENDITURE ON
Raising funds						347	5,699	6,046	6,356
Charitable activities
Costume Conservation	Grant						3,536	3,536	5,024
Museum Work Experience		Grant					2,000	2,000	2,000
Patterns ofFashion & Performance				Awards			2,986	2,986	3,295
Yarwood Research Grant							1,000	1,000	500
Costume Journal						15,050		15,050	16,103
Members Newsletter						4,100		4,100	4,085
Website &Social Media						3,146		3,146	2,787
Membership Administration		Cost				2,457		2,457	4,468
Conference						900		900	13,739
Events &Visits						1,319		1,319	1,012
Officers Administrative Costs						869		869	299
Other					5	2,195		2,195	4,063
Total						30,383	15,221	45,604	63,731
Net gains on investments						211	3,368	3,579	24,646
NET INCOME/(EXPENDITURE)						3,327	(4,870)	(1,543)	10,914
RECONCILIATION OF	FUNDS
Total funds brought forward						21,789	386,332	408,121	397,207
TOTAL FUNDS CARRIED		FORWARD				25,116	381,462	406,578	408,121

Balance Sheet 31st December 2020
				2020	2019
		Unrestricted	Restricted	Total	Total
	Notes	fund f	funds f	funds f	fundsf
FIXEDASSETS
Investments	8	18,326	374,679	393,005	400,573
CURRENT ASSETS
Debtors	9	4,957		4,957	5,116
Prepayments and accrued income		4,342		4,342	2,572
Cash at bank		6,351	11,744	18,095	13,706
		15,650	11,744	27,394	21,394
CREDITORS
Amounts falling due within one year	10	(8,860)	(4,961)	(13,821)	(13,846)
NET CURRENT ASSETS		6,790	6,783	13,573	7,548
TOTAL ASSETSLESSCURRENT
LIABILITIES		25,116	381,462	406,578	408,121
NET ASSETS		25,116	381,462	406,578	408,121
FUNDS
Unrestdicted funds				25,116	21,789
Restdicted funds				381,462	386,332
TOTAL FUNDS				406,578	408,121

recorded at transaction pr	recorded at transaction pr	ice. Any	losses arising from impairm	ent are recognised in expendit	ure.
INVESTMENT INCOME
				2020	2019
				F	F
Dividends &Interest				6,883	7,535
RAISING FUNDS
Investment management		costs
				2020	2019
				E	E
Investment Management		Fees		6,046	6,356
GRANTS PAYABLE
				2020	2019
				E	E
Costume Conservation	Grant			3,536	5,024
Museum Work Experience		Grant		2,000	2,000
Patterns ofFashion 6 Performance			Awards	2,500	2,500
Yarwood Research Grant				1,000	500
				9,036	10,024

The total expenses re-imbursed to Trustees was f618(2019 - F693).Expe Trustees for postage, accounting software and meeting travel expenses.	The total expenses re-imbursed to Trustees was f618(2019 - F693).Expe Trustees for postage, accounting software and meeting travel expenses.	The total expenses re-imbursed to Trustees was f618(2019 - F693).Expe Trustees for postage, accounting software and meeting travel expenses.	The total expenses re-imbursed to Trustees was f618(2019 - F693).Expe Trustees for postage, accounting software and meeting travel expenses.	The total expenses re-imbursed to Trustees was f618(2019 - F693).Expe Trustees for postage, accounting software and meeting travel expenses.	nses were re-im	bursed to
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestdicted	Restricted	Total
				funds f	funds f	fundsf
INCOME AND ENDOWMENTS				FROM
Subscriptions &Legacies				18,411		18,411
Charitable activities
Costume Journal				12,643		12,643
Conference				10,640	500	11,140
Events &Visits				270		270
Investment income				408	7,127	7,535
Total				42,372	7,627	49,999
EXPENDITURE ON
Raising funds				371	5,985	6,356
Charitable activities
Costume Conservation		Grant			5,024	5,024
Museum Work Experience			Grant		2,000	2,000
Patterns ofFashion &	Performance
Awards					3,295	3,295
Yarwood Research Grant					500	500
Costume Journal				16,103		16,103
Members Newsletter				4,085		4,085
Website &Social Media				2,787		2,787
Membership Administration			Cost	4,468		4,468
Conference				12,596	1,143	13,739
Events &Visits				1,012		1,012
Officers Administrative		Costs		299		299
Other				4,063		4,063
Total				45,784	17,947	63,731
Net gains on investments				1,340	23,306	24,646
NET INCOME/(EXPENDITURE)				(2,072)	12,986	10,914
RECONCILIATION OF		FUNDS
Total funds brought	forward			23,861	373,346	397,207

for th	e Year Ended 31stDec	ember 2020	ember 2020	ember 2020	ember 2020
7.	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funds f	fundsf
	TOTAL FUNDS CARRIED		FORWARD	21,789	386,332	408,121
8.	FIXEDASSET INVESTMENTS
						Listed
						investments
						E
	MARKET VALUE
	At 1stJanuary 2020					400,573
	Additions					462
	Disposals					(11,609)
	Revaluations					3,579
	At 31stDecember 2020					393,005
	NET BOOKVALUE
	At 31st December 2020					393,005
	At 31st December 2019					400,573
9.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2020 f	2019 E
	Royalties Due				4,957	5,116
10.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2020	2019
					6	6
	Accruals for grants payable				4,961
	Taxation and social security				4,893	5,218
	Other creditors				3,967	8,628
					13,821	13,846

						Net
						movement	At
					At 1.1.20 f	in funds f	31.12.20
Unrestricted	funds
General fund					21,789	3,327	25,116
Restricted funds
Conservation	Grant fund				194,205	(1,559)	192,646
Jubilee Grants	&Awards	fund			192,127	(3,311)	188,816
					386,332	(4,870)	381,462
TOTAL FUNDS					408,121	(1,543)	406,578
Net movement	in funds,	included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended	losses f	in funds f
Unrestricted	funds
General fund				33,499	(30,383)	211	3,327
Restricted funds
Conservation	Grant fund			3,158	(6,323)	1,606	(1,559)
Jubilee Grants	&Awards	fund		3,825	(8,898)	1,762	(3,311)
				6,983	(15,221)	3,368	(4,870)
TOTAL FUNDS				40,482	(45,604)	3,579	(1,543)
Comparatives	for movement		in	funds
					Net	Transfers
					movement	between	At
				At 1.1.19	in funds f	funds E	31.12.19 f
Unrestricted	funds
General fund				77	(3,448)	25,160	21,789
Designated Contingency		fund		23,784	1,376	(25,160)
				23,861	(2,072)		21,789
Restricted funds
Conservation	Grant fund			186,250	7,955		194,205
Jubilee Grants	8 Awards	fund		187,096	5,031		192,127
				373,346	12,986		386,332
TOTAL FUNDS				397,207	10,914		408,121

Comparative	net moveme	nt in funds,	included in the above ar	e as follows:
			Incoming	Resources	Gains and	Movement
			lesoul ces F	expended f	losses f	in funds
Unrestricted	funds
General fund			41,964	(45,412)		(3,448)
Designated Contingency		fund	408	(372)	1,340	1,376
			42,372	(45,784)	1,340	(2,072)
Restricted funds
Conservation	Grant fund		3,726	(7,910)	12,139	7,955
Jubilee Grants &Awards		fund	3,901	(10,037)	11,167	5,031
			7,627	(17,947)	23,306	12,986
TOTAL FUNDS			49,999	(63,731)	24,646	10,914
A current year	12months	and prior year 12months combined		position isas follows:
				Net	Transfers
				movement	between	At
			At 1.1.19 f.	in funds f	funds	31.12.20 f
Unrestricted	funds
General fund			77	(121)	25,160	25,116
Restricted funds
Conservation	Grant fund		186,250	6,396		192,646
Jubilee Grants	&Awards	fund	187,096	1,720		188,816
			373,346	8,116		381,462
TOTAL FUNDS			397,207	9,371		406,578

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds
Unrestricted	funds
General fund		75,463	(75,795)	211	(121)
Restricted funds
Conservation	Grant fund	6,884	(14,233)	13,745	6,396
Jubilee Grants	&Awards fund	7,726	(18,935)	12,929	1,720
		14,610	(33,168)	26,674	8,116
TOTAL FUNDS		90,481	(109,335)	28,225	9,371

for the Year Ended 3	1s	tDecember 2020
			2020	2019
			6	8
INCOME AND ENDOWMENTS
Subscriptions &Legacies
Donations
Subscriptions			18,435	16,482
Gift Aid on Subscriptions			2,000	1,650
Other Income			173	279
			20,642	18,411
Investment income
Dividends &Interest			6,883	7,535
Charitable activities
Conference Booking Fees				10,640
Booking Fees Events &Visits				270
Publisher's Royalties			9,957	10,143
Publisher's Grant Conference			500	500
Contribution to Editorial	Cost		2,500	2,500
			12,957	24,053
Total incoming resources			40,482	49,999
EXPENDITURE
Investment management		costs
Investment Management		Fees	6,046	6,356
Charitable activities
Award Presentation Expenses			486	795
Costume Journal Costs			15,050	16,103
Members Newsletter Costs			4,100	4,085
Website &Social Media	Costs		3,146	2,787
Membership Administration		Cost	2,457	4,468
Conference Costs			900	13,739
Study Day &Visits Costs			1,319	1,012
Officers Administrative Costs			449	299
Costume Conservation	Grant		3,536	5,024
Grants &Awards			5,500	5,000
			36,943	53,312
Supportcosts
Management
Insurance 8 Other Admin		Costs	139	152
Sundry Expenses			281	310
			420	462
Governance costs
Trustees Meeting Expenses			169	448
Carried forward			169	448

Detailed Statement of Financial Activities for the Year Ended 31stDecember 2020
	2020f	2019f
Governance costs
Brought forward	169	448
Committee Meeting Expenses	357	1,295
Legal & Professional Fees	288
Independent Examiner Fees	1,200	1,100
AGM 8 Accounts Costs	181	758
	2,195	3,601
Total resources expended	45,604	63,731
Net expenditure before gains and losses	(5,122)	(13,732)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments	3,579	24,646
Net (expenditure)/income	(1,543)	10,914