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|||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||
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|||||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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
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|||||||||||||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|
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|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.|||||||||
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