2021-12-31-accounts - British Association For Local History

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Trustees' annual report
Independent examiner's report to the trustees
Statement offinancial activities
Balance sheet
Notes to the financial statements

					2021				2020
				Restricted	Unrestr/cted	Total	Restricted		Unrestricted	Total
			Note	Funds	Funds	Funds	Funds		Funds	Funds
					8	8	6		f.	F.
INCOME FROM:
Chsri/sb/e ac/iviliesr
Subscriptions					116,052	116,052			117,216	117,216
Parish Chest income					185	185			149	i49
Gift Aid					5,059	5,059			4,389	4,389
Local History Day									55	55
Taunton Regional Conference									105	105
Digital Events					6,353	6,353
/nvestments/
Interest and dividends	receivable				399	399			395	395
Other.
Book and binder sales					1,204	1,204			2,591	2,591
Paupers Palaces				70		70		190		i90
Miscellaneous Income					I	I			269	269
Dtrectoii/ sales					856	856			604	604
Postage on Publications					658	658			837	837
Donations					118	116
Publishers' Licence					262	262			270	270
TOTAL INCOME				70	131,145	131,215	190		126,880	127,070
EXPENDITURE ON:
Charitable activities (see	page 8)				90,833	90,833			81,364	81,364
Support costs (see page	8)				42,464	42,464			30,451	30,451
TOTAL EXPENDITURE					133,297	133,297			111,815	111,815
NET INCOMEI(EXPEND/TURE)		BEFORE
GAINS/(LOSSES) ON INVESTMENTS				70	(2,152)	(2,082)		190	15,065	15,255
Net gains/(losses) on investments					(737)	(737)			364	364
NET INCOME/(EXPEND/TURE)				70	(2,889)	(2,819)		190	15,429	15,619
OTHER RECOGNISED GAINS		AND LOSSES
Unrealised gain/(/oss)on	revaluation		ofstock		190	190			(2,646)	(2,646)
NET MOVEISENT IN FUNDS			2	70	(2,699) -	(2,629)		190	12,783	12,973
RECONCILIATION OF FUNDS:
Total funds brought forward -1 January 2021				i,855	119,631	121,486	1,665		106,848	108,513
Total funds cerned forward —31December 2021				1925	116932	118857	1	855	119631	121486
Unrestricted —general purpose					103,082	103,082			112,848	112,848
Unrestricted —designated					13,850	13,850			6,783	6,783
Restricted				1,925		1,925				1,855
				1,925	116,932	118,857	1,855		119,631	121486

						Unrestricted	Unrestricted	Unrestricted
						Funds 2021	Funds	2020
							f
RESOURCES EXPENDED			ON CHARITABLE ACTIVITIES
The Local Historian	—including			editorial	costs	24,432		23,099
Local History News	—including			editorial	costs	12,997		12,652
Web site expenses Editorial 8 Reviews						6,870 1,102		5,737 1,075
Events and development			costs			9,994		9,750
History Fairs								(69)
Local History Day						140		208
Family Tree Live								397
Conferences								943
Insurance scheme						14,819		15,802
Teacher Fellowship	grant				Designated	6,925
Quarterly mailing costs						9,075		8,648
Webinar lectures						1,955
Postage/ Digitisation-		publications				1,599		1,441
Publications						925		1,681
						90,833		81,364
There were no restricted		funds expended			in 2021.
SUPPORT COSTS						2021	2020
						6	F
General expenses and		subscriptions				387		222
Social media						235		506
Administration fees						19,806		20,305
Digital Engagement	Fellowship					5,002		1,668
Social Media Fellow						9,170		1,668
Printing and stationery						53		654
Postage —general						188		44
Travel						75		965
Meeting costs						14		83
Telephone and internet						300		300
Bank charges						2,341		745
Parish Chest Commission						8		17
Zoom subscription						1,061
ITSupport						1,299		824
						39,939		28,001
Governance
Independent examiner's		fee				2,525		2,450
						42,464		30,451

				2020
	Note
Current assets
Trade debtors Glfi Aid Prepsyments Sank Accounts Stock Investments )/AT debtor Accrued income	5	155 5,059 6,440 189,856 872 10,457 2,665 71		37 4,389 4,647 18S,356 682 11,194 1,819
		214,474		211124
CREDITORS: Amounts falgng dus within one year Trade creditors Accruais 8other Crsdiiors Deferred income —subsciiptions in advance		10,730 2,790 83,198 94,7\8		9,286 3,930 76,422 2lt,6e
NET CURRENT ASSETS			118,S67	121,488
NETASSETS			118&67,	12'l,488
Represented by:
Unresbicted funds - general purpose	7/8
Opening balance (Dsiicit)/surplus for the year to date Transfer behveen reserves Closing balance		112,648 (2,89&1 7087 III&,482		100,065 12,783 112,849
Unrestricted funds - designated	7/8
Opening balance Deficit for the year to date Transfer between reserves Closing balance		6,783 (6,925) 13.992 18464		6,783 4,784
Restricted funds	7/8
Opening balance (Defldt}/surplus for the year todate		1,192		1,192
Closing balanos		1,192		7.783
Restricted funds - paupers project Opening balance (Deficit)/Surplus forthe year to date Closing balance	7/8	663 70 T&3		473 1!t0 863
			IIM&T	727409

					2021	2020
					6	F
Subscriptions received		in the year			122,828	112,384
Deferred subscriptions		income released	from previous	year	76,422	81,254
					199,250	193,638
Subscriptions received		in advance			(83,198)	(76,422)
					116,052	117,216
Deferred subscriptions		are membership	fees received	in previous year for current year.
STAFF COSTS
Staff costs during	the year comprised of		the following:
					2021	2020
						E
Char itable Activities					32,565	30,966
Support Activities					14,172
					46,737	30,966

	The average numbe	r ofstaff during the year	, including self-employed, c	asual and part-time, w	as as follows:
				2021	2020
	Administration and	secretarial —full time equivalent		2	2
5	INVESTMENT —COIF Fixed Interest Fund		—Income Units
				2021f	2020
	Market value at 1 January 2021			11,194	10,830
	Change in value during year of investments		held at
	the year end			(737)	364
	Market value at 31	December 2021		10,457	11,194
	Cost of investments	at the year end was F10,000 (2020:E10,000)

	Brought	Transfer	Transfer	Resources	Incoming	Gains/	Carried
	Forward E	between	Funds F	Expended	Resources f	(Losses)	Forward E
Unrestricted	112,848		(13,992)	(126,372)	131,145	(547)	103,083
Designated (a)	6,783		13,992	(6,925)			13,850
Restricted (b) (i) HLF -Pauper
Prisons, Pauper Places	663				70		733
(ii) Anglo -American	837						837
(iii) Joint Conference	355						355
Total	121,486			(133,297)	131,215	(547	118,857

		Unrestricted	Designated	Restricted	Total
			F
Bank and cash		174,081	13,850	1,925	189,856
Other current assets		25,719			25,719
Current liabilities		(96,718)			(96,718
		103,082	13,850	1,925	118,857
COMPARATIVE	INFORMATION
		Unrestricted	Designated	Restricted	Total
		E	8		8
Bank and cash		179,718	6,783	1,855	188,356
Other current assets		22,768			22,768
Current liabilities		(89,638)			89,638)
		112,848	8,783	1,855	121,488