| PACJE | ||
|---|---|---|
| REFERENCE AND ADMINISTRATIVE DETAILS |
||
| REPORT OF THE TRUSTEES | ||
| REPORT OF THE INDEPENDENT EXAMINER | ||
| STATEMENT OF FINANCIAL | ACTIVITIES | |
| BALANCE SHEET | ||
| NOTES TO THE FINANCIAL | STATEMENTS |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Note | |||||
| INCOME | |||||
| Donations | |||||
| Members' subscriptions |
21,613 | 22,005 | |||
| Donations | 4,869 | 6,069 | |||
| 26,482 | 28,074 | ||||
| Other trading activities |
|||||
| Fundraising events |
32,599 | ||||
| Sale ofjournals | 3,047 | 3,923 | |||
| Advertising | 7,240 | 7,260 | |||
| Other income | 161 | 14 | |||
| 43,047 | 11,197 | ||||
| Income from investments | 740 | 1,410 | |||
| TOTAL INCOME | 70,269 | 40,681 | |||
| EXPENDITURE | |||||
| Expenditure on raising funds |
|||||
| Expenditure on fundraising |
events | 17,380 | |||
| Journal printing and |
postage | 23,209 | 20,155 | ||
| Other support costs | 7,540 | 7,419 | |||
| Other expenditure | 3,840 | 3,009 | |||
| 51,969 | 30,583 | ||||
| Expenditure on charitable |
activities | ||||
| Governance costs |
10 | 2,350 | 1,407 | ||
| Donations | 13 | 13,800 | 15,599 | ||
| Lecture costs | 14 | 288 | 534 | ||
| 16,438 | 17,540 | ||||
| TOTAL EXPENDITURE | 68,407 | 48,123 | |||
| NET MOVEMENT | IN FUNDS | 1,862 | (7,442) | ||
| Total funds brought | forward | 238,005 | 245,447 | ||
| TOTAL FUNDS CARRIED | FORWARD | 19&20 | 239,867 | 238,005 |
| ALANCE SHEET AS | AT 31MARCH 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | ||||
| FIXEDASSETS | ||||
| Tangible assets | 15 | 43 | 58 | |
| CURRENT ASSETS | ||||
| Debtors | 4,953 | 4,556 | ||
| Cash at bank and in hand | 17 | 245,932 | 238,350 | |
| Total current assets | 250,885 | 242,906 | ||
| CREDITORS —amounts | falling due within one year | 18 | (11,061) | (4,959) |
| NET CURRENT ASSETS | 239,824 | 237,947 | ||
| NET ASSETS | 239,867 | 238,005 | ||
| THE FUNDS OF THE CHARITY | ||||
| Unrestricted funds |
19&20 | 239,867 | 238,005 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Subscriptions | under Gift Aid | 12,112 | 12,110 | |||
| Other subscriptions | 9,501 | 9,895 | ||||
| 21,613 | 22,005 | |||||
| DONATIONS | ||||||
| Unrestricted | Unrestri cted | |||||
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Donations to |
40'" Anniversary | Fund (note 19): | ||||
| - under Gift | Aid | 713 | 738 | |||
| - other (including | legacies) | 3,156 | 3,556 | |||
| 3,869 | 4,294 | |||||
| Other donations | 1,000 | 1,775 | ||||
| 4,869 | 6,069 | |||||
| UNDRAISIN | G | EVENTS | ||||
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Receipts from participating | members | 32,599 | ||||
| THER INCOME | ||||||
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Raffles and fundraising | 161 | |||||
| Recycling for charity | 14 | |||||
| 161 | 14 |
| 7. | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestri cted | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Deposit account and other interest | 740 | 1,410 | |||
| 8. | OTHER SUPPORT COSTS | ||||
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Membership | Secretary | costs | 5,900 | 5,900 | |
| Honorarium | (Honorary | Secretary) | 1,625 | 1,500 | |
| Depreciation | 15 | 19 | |||
| 7,540 | 7,419 | ||||
| 9. | OTHER EXPENDITURE | ||||
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Annual Meeting for Members |
519 | ||||
| Direct debit and PayPal | charges | 382 | 424 | ||
| Insurance | 845 | 433 | |||
| Honorarium | (Website Manager) | 1,200 | 1,200 | ||
| Other website support costs | 250 | 271 | |||
| Exchange differences | 42 | 198 | |||
| Bank charges | 7 | ||||
| Sundry expenses | 602 | 476 | |||
| 3,840 | 3,009 | ||||
| 10. | GOVERNANCE COSTS |
||||
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Independent | examiner's | fee | 1,620 | 1,380 | |
| Legal fees | 540 | ||||
| Meeting costs (travel expenses) | 190 | 27 | |||
| 2,350 | 1,407 |
| ONATIONS | |||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 2022 | 2021 | ||
| Donations to Institutions: |
|||
| Victoria &Albert Museum | 3,000 | ||
| V&A Wedgwood Collection, Stoke-on-Trent |
2,000 | ||
| York Museums and Gallery Trust |
4,800 | ||
| William Morris Gallery, Walthamstow |
3,000 | 4,800 | |
| De Morgan Foundation | 2,500 | ||
| National Museums and Galleries, Liverpool |
425 | ||
| Portsmouth City Museum |
5,000 | ||
| Ushaw College, Durham | 1,874 | ||
| Other Donations: | |||
| Contribution towards Collinson |
and Lock book | 1,000 | |
| Contribution towards new Daniel Cottier book |
1,000 | ||
| 13,800 | 15,599 |
| 14. | LECTURE COSTS | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| 2022 | 2021 | ||||
| Lecture fees | 390 | ||||
| Additional Zoom licences |
288 | l44 | |||
| 288 | 534 | ||||
| 15. | TANGIBLE FIXEDASSETS | ||||
| Plant and machinery, | etc | ||||
| COST | |||||
| At 1 April 2021 and at 31 March 2022 |
2,385 | ||||
| DEPRECIATION | |||||
| At 1 April 2021 |
2,327 | ||||
| Charge for year | 15 | ||||
| At 31 March 2022 | 2,342 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2022 | 43 | ||||
| At 31 March 2021 | 58 | ||||
| 16. | DEBTORS | ||||
| 2022 | 2021 | ||||
| Tax recoverable | 2,466 | 2,484 | |||
| Payments in advance |
1,712 | 1,529 | |||
| Interest receivable | 252 | 468 | |||
| Other debtors | 523 | 75 | |||
| 4,953 | 4,556 | ||||
| 17. | CASH AT BANK AND IN HAND | ||||
| 2022 | 2021 | ||||
| Barclays current account | 11,465 | 8,973 | |||
| Barclays deposit account | 59,529 | 48,768 | |||
| Barclays euro account | 5,554 | ||||
| Scottish Widows —CAF 12 month | fixed rate deposit | 85,033 | |||
| Scottish Widows —CAF base rate | tracker | 85,586 | |||
| Shawbrook Bank —CAF 12 month |
fixed rate deposit | 88,779 | 88,383 | ||
| PayPal | 573 | 1,639 | |||
| 245,932 | 238,350 |
| 2022 | 2021 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accrued | expenses | 2,100 | 1,380 | |||||||||||||
| Payments | received | in advance | (see table | below) | 6,510 | |||||||||||
| Other creditors | 2,451 | 3,579 | ||||||||||||||
| 11,061 | 4,959 | |||||||||||||||
| "Payments | received | in advance" | primarily | represents | amounts | received | from members | to | participate | on | post year end | |||||
| events, in | particular | study tours, | as detailed | in the | table | below: | ||||||||||
| 2022 | 2021 | |||||||||||||||
| Balance | at 1 April 2021 (2021: 1 April 2020) | 510 | ||||||||||||||
| Amount | released to | members' | subscriptions | (70) | ||||||||||||
| Amounts | refunded | (380) | ||||||||||||||
| Amounts | transferred | to donations | (60) | |||||||||||||
| Amounts | received for post year end fundraising | events | 6,510 | |||||||||||||
| Balance | at 31 March 2022 (2021:31 March 2021) | 6,510 | ||||||||||||||
| ANALYSIS OF FUND MOVEMENTS | ||||||||||||||||
| Movements | in | ear ended 31 | March 2022: | |||||||||||||
| Balance | Transfers | Balance | ||||||||||||||
| at | 1April | between | at 31March | |||||||||||||
| 2021 | Income | Expenditure | funds | 2022 | ||||||||||||
| Unrestricted funds: |
||||||||||||||||
| General | fund | 164,577 | 66,400 | (54,607) | 176,370 | |||||||||||
| 40'" Anniversary Fund |
73,428 | 3,869 | (13,800) | 63,497 | ||||||||||||
| Total unrestricted | funds | 238,005 | 70,269 | (68,407) | 239,867 | |||||||||||
| Restricted funds | ||||||||||||||||
| Total funds | 238,005 | 70,269 | (68,407) | 239,867 |
| ANALYSIS OF F | U | ND | MOVE | MENTS | (continued) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Movements in | ear ended 31March | 2021: | |||||||||||
| Balance | Transfers | Balance | |||||||||||
| atIApril | between | nt31March | |||||||||||
| 2020 | Income | Expenditure | funds | 2021 | |||||||||
| Unrestricted funds: | |||||||||||||
| General fund | 160,714 | 36,387 | (32,524) | 164,577 | |||||||||
| 40'"Anniversary | Fund | 84,733 | 4,294 | (15,599) | 73,428 | ||||||||
| Total unrestricted | funds | 245,447 | 40,681 | (48,123) | 238,005 | ||||||||
| Restricted funds | |||||||||||||
| Totalfunds | 245,447 | 40,681 | (48,123) | 238,005 | |||||||||
| All the income and | expenditure | in the year | ended 31March 2021 related to | unrestricted | funds | ||||||||
| The 40'" Anniversary | Fund was | established | as a result ofthe 40th Anniversary | Appeal, launched | in November 2015 to | ||||||||
| mark the 40'" anniversary | ofthe | Society, and aims to offer | financial support |
to museums | and | decorative | arts scholars. | In | |||||
| the year ended 31 | March | 2022, | donations | ofK13,800 (see note 13)were made from the Fund. |