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2022-05-31-accounts

Page
Report ofthe Trustees 1 to 2
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 6 to 12
Detailed Statement ofFinancial Activities 13 to 14

31.5.22 31.5.21
Unrestricted Total
fund funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 34 71
Charitable
activities
Direct charitable
income		 140,300 156,653
Other trading activities 120,790 28,241
Investment
income		 4,158 3,601
Total 265,282 188,566
EXPENDITURE ON
Charitable
activities
Direct charitable
expenditure		 250,344 143,889
Net gains/(losses)
on investments		 (3,915) 16,942
NET INCOME 11,023 61,619
RECONCILIATION OF FUNDS
Total funds brought
forward		 379,121 317,502
TOTAL FUNDS CARRIED FORWARD 390,144 379,121
Balance Sheet
31May 2022
31.5.22 31.5.21
Unrestricted Total
fund funds
Notes
FIXED ASSETS
Tangible assets 978
Investments 97,191 101,107
98,169 101,107
CURRENT ASSETS
Debtors 10 39,310 27,618
Cash at bank 260,952 255,542
300,262 283,160
CREDITORS
Amounts falling due within one year (8,287) (5,146)
NET CURRENT ASSETS 291,975 278,014
TOTAL ASSETSLESSCURRENT
LIABILITIES 390,144 379,121
NET ASSETS 390,144 379,121
FUNDS 12
Unrestricted
funds		 390,144 379,121
TOTAL FUNDS 390,144 379,121

2. OTHER TRADING ACTIVITIES OTHER TRADING ACTIVITIES
31.5.22 31.5.21
Conference 120,790 28,241
3. INVESTMENT INCOME
31.5.22 31.5.21
Deposit account interest 99 1,046
Dividends 4,059 2,555
4,158 3,601
4. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see Support
note 5) costs Totals
Direct charitable expenditure 237,732 12,612 250,344
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.5.22 31.5.21
Journals 11,637 8,317
Administration 27,501 28,045
Postage and stationery 2,838 637
Insurance 606 476
Sundries 25
Seminars 15,784 2,700
President's
reception		 11,830
Conference costs 119,639 63,193
Research activities fund 18,049 4,577
Business meetings 3,875 731
SLSprizes 2,500 1,300
Website 5,370 4,080
Libraries committee 7,800
Small projects and events fund 8,952 11,330
Archiving
and storage		 362 4,300
Subscriptions 875 894
Depreciation 89
237,732 130,580

COMPARATIVES F OR THE STATEMENT OF FINANCIAL ACTIVITIES (2018/19)
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 71
Charitable
activities
Direct charitable
income		 156,653
Other trading activities 28,241
Investment
income		 3,601
Total 188,566
EXPENDITURE ON
Charitable
activities
Direct charitable
expenditure		 143,889
Net gains on investments 16,942
NET INCOME 61,619
RECONCILIATION OF FUNDS
Total funds brought
forward		 317,502
TOTAL FUNDS CARRIED
FORWARD 379,121

for the Year Ended 31May 20 22
8. TANGIBLE FIXEDASSETS
Computer
equipment
COST
Additions 1,067
DEPRECIATION
Charge for year 89
NET BOOK VALUE
At 31May 2022 978
At 31May 2021
9. FIXEDASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 June 2021 101,107
Revaluations 672
Impair ments (4,588)
At 31 May 2022 97,191
NET BOOK VALUE
At 31 May 2022 97,191
At 31May 2021 101,107
There were no investment assets outside the UK.
10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
Trade debtors 38,369 27,163
Prepayments 941 455
39,310 27,618

CREDI TOR S: AMOUNTS FALLING D UE WITHIN ONE YEAR
31.5.22 31.5.21
Taxation and social security 105
Other creditors 8,287 5,041
8,287 5,146
MOVEMENT IN FUNDS
Net
movement At
At 1.6.21 in funds 31.5.22
Unrestricted funds
General fund 379,121 11,023 390,144
TOTAL FUNDS 379,121 11,023 390,144

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 265,282 (250,344) (3,915) 11,023
TOTAL FUNDS 265,282 (250,344) (3,915) 11,023

Net
movement At
At 1.6.20 in funds 31.5.21
Unrestricted funds
General fund 317,502 61,619 379,121
TOTAL FUNDS 317,502 61,619 379,121

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 188,566 (143,889) 16,942 61,619
TOTAL FUNDS 188,566 (143,889) 16,942 61,619
Net
movement At
At 1.6.20 in funds 31.5.22
Unrestricted funds
General fund 317,502 72,642 390,144
TOTAL FUNDS 317,502 72,642 390,144
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 453,848 (394,233) 13,027 72,642
TOTAL FUNDS 453,848 (394,233) 13,027 72,642

Detailed Statement ofFinancial Activities
for the Year Ended 31May 2022
31.5.22 31.5.21
INCOME AND ENDOWMENTS
Donations
and legacies
Seminars - Royalties 34 71
Other trading activities
Conference 120,790 28,241
Investment
income
Deposit account interest 99 1,046
Dividends 4,059 2,555
4,158 3,601
Charitable
activities
Subscriptions
- members		 94,449 116,550
Legal studies 44,026 36,963
Reporters/journals 850 1,700
Advertising 975 1,440
140,300 156,653
Total incoming
resources		 265,282 188,566
EXPENDITURE
Charitable
activities
Journals 11,637 8,317
Administration 27,501 28,045
Postage and stationery 2,838 637
Insurance 606 476
Sundries 25
Seminars 15,784 2,700
President's
reception		 11,830
Conference costs 119,639 63,193
Research activities fund 18,049 4,577
Business meetings 3,875 731
SLSprizes 2,500 1,300
Website 5,370 4,080
Libraries committee 7,800
Small projects and events fund 8,952 11,330
Carried forward 236,406 125,386

Detailed Statement ofFinancial Activities
for the Year Ended 31May 2022
31.5.22 31.5.21
Charitable
activities
Brought forward 236,406 125,386
Archiving
and		 storage 362 4,300
Subscriptions 875 894
Computer
equipment		 89
237,732 130,580
Support costs
Governance costs
Independent examiner's fee 2,520 2,520
Administration 9,167 9,349
Bank charges 925 1,437
Gain/loss
on		 foreign currency 3
12,612 13,309
Total resources expended 250,344 143,889
Net income before gains and losses 14,938 44,677
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments (3,915) 16,942
Net income 11,023 61,619