|||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|
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|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|
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|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|
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|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|
##
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|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|