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|Trustees'
annual
report|
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|Independent
examiner's
report to the trustees|
|Statement
offinancial
activities|
|Balance sheet|
|Notes to the financial statements|
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||||||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|
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|||||||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|
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||made carry a s|ignificant|risk of mat|erial adjust|ment
in the next financial y|ear.||
|---|---|---|---|---|---|---|---|
|2|MOVEMENTIN|FUNDS||||||
||Net movement|in funds for the year||is stated|after charging:|||
|||||||2021|2020|
||||||||F|
||Independent
Examiner's||fee|||2,525|2,450|
||Trustees' expenses||||||438|
||There were no|Trustees|expenses|reimbursed|in 2021 (2020:F438).|||
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||||||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)||||
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||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|
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|COMPARATIVE
INFORMATION||||||
|---|---|---|---|---|---|
||Brought|Incoming|Resources|Gains/|Carried|
||Forward
F|Resources
f|Expended|(Losses)
f|Forward
6|
|Unrestricted|100,065|126,880|(111,815)|(2,282)|112,848|
|Designated
(a)|6,783||||6,783|
|Restricted (b)||||||
|(i) HLF - Pauper||||||
|Prisons, Pauper Places|473|190|||663|
|(ii) Anglo - American|837||||837|
|(iii) Joint Conference|355||||355|
|Total|108,513|127,070|(111,815|(2,282)|121,486|
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|||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|