## INDUSTRIAL LAW SOCIETY 

## **www.industriallawsociety.org.uk** 

_**Chair Co-ordinator**_ Sarah Fraser Butlin Jean Hughes Cloisters 18 Graysmead 1 Pump Court SIBLE HEDINGHAM TEMPLE Essex   C09 3NY London   EC4Y 7AA Tel/Fax: 01787 463838 Email: sfb@cloisters.com Email : jean@industriallawsociety.org.uk Tel: 020 7827 4000 Office Hours: 9am to 1pm 

## **Treasurer’s Report 2021** 

This year’s report is presented once again accounting for the activities of the Society on a “Receipts and Payments” basis. 

In spite of the continuing uncertainty surrounding the pandemic the Society made a surplus of £14,546 for 2021. 

## **Subscription Income** 

There was a very modest increase of 3% in Individual subscription income. Corporate subscription income however, decreased by some 11%, which is most likely due to the many cut-backs by companies that are being made due to Covid-19. 

## **Sales of the Journal** 

Sales of the Journal were strong again in 2021 with £9,394 being received from OUP in respect of profit share scheme. 

## **Annual Conference** 

As the country was in lockdown for much of 2021 the majority of the Society’s events were held virtually.  Whilst the Summer Party/BBQ was postponed for another year, the Society’s Executive Committee took the decision, after reviewing results of a survey which had been sent out to members, to host a hybrid Conference at Keble College in Oxford which worked very well for both in person attendees and those who joined in virtually via zoom. 

The Society’s Annual Conference made a profit of £5,964 after securing a refund of venue hire from Keble College of some £11,435. This was obtained after many discussions with the College when they eventually agreed to waive the minimum number of delegate requirement for our Conference booking. 

The £135 for the postage, printing, promotion and consumables relate to the additional cost of buying face-masks and hand-gel for all in person delegates which we hope went a small way to making the hybrid Annual Conference as Covid-safe as we possibly could have. 

There was no sweepstake at the 2021 Annual Conference but instead £500 was paid to the after-dinner speaker’s charity of choice which was ‘Action Refugee’.  This sum is recorded under speakers’ expenses. 

## **Evening Meetings/Webinars** 

The deficit incurred on Evening Meetings declined somewhat to £3,391, a drop of some £5,612 from the previous year, which as mentioned above, was due to the majority of the Society’s sessions being held virtually in 2021. 

**Honorary President:** Sir Patrick Elias, **Vice-Presidents:** Saphié Ashtiany, Professor Catherine Barnard, Mr D Cockburn Professor Paul Davies QC, The Hon Mrs Justice Eady DBE, Lord Hendy QC, Sir Brian Langstaff, Michael Rubenstein, The Hon Mrs Justice Stacey DBE, Melanie Tether, Lord Justice Underhill **A Registered Charity: No. 292145** 



**-Page 2-** 

**….Cont/d** 

**__________________________________________________________________________________** 

After the success of the Annual Conference two hybrid evening meetings were booked and paid for. However, due to the prevalence of the Omicron variant, at very short notice the decision was made to switch December’s session to online only and the Society was still therefore liable for the cost of venue hire etc for that event. 

Speaker expenses relate to November’s hybrid session of some £480 for the speaker’s travel expenses from Scotland and overnight hotel accommodation. 

AV Technician is a new additional expense for the Society’s hybrid evening meetings. The Law Society does not currently have webinar equipment in their lecture room and no longer has a full-time in-house technician working for them!  The freelance technician the Society has secured sets up the camera and microphone equipment purchased by the Society and will also sit in every evening session to monitor AV feeds etc, to be on hand if needed and fix any AV issues if they arise. 

## **General Income & Expenditure** 

The Society spent £766 on a professional zoom camera, microphone, a case to carry the equipment, stands, port ways USB, adapter data extender hubs, splitter and appropriate cable connectors.  £40 was spent on a laminator to laminate dietary preference cards for delegates with special dietary requirements as requested by Keble College. 

The Society’s web-site was modernised in June 2021 at a cost of £2,812.  A further £93 was also spent on fixing an IT issue with the Society's email system. 

£470 was raised for charity in December 2020 during the virtual Pub Quiz.  The donation to MIND cleared the Society’s account in early 2021. 

There was a reduction in venue hire; printing; postage and stationery; and secretarial expenses due to Covid-19. 

Increases in insurance premiums, telephone/email/broadband and zoom accounts arose from retail price hikes. 

The co-ordinator’s annual pay remains unchanged. The increase of £969 is attributable to the timing of the payments of NI & Tax to HMRC. 

Bank charges increased by some 11% reflecting the continuing ever-increasing use of online banking transactions by the Society’s members during the pandemic. The Society is in the process of applying to change online Merchants with lower tariffs. 

Gifts of some £146 were made to a former Vice-Chair of the Society who stepped down after serving on the Committee since April 2011 and who had been Vice-Chair since 2015. 

## **General** 

Finances have remained extremely healthy and funds available for charitable use have risen to £94,546. 

2021 has been another incredibly difficult year for so many people but due to the continued support of the Society’s members, the Chair, Officers and Committee can continue with their commitment to the continued success of the Society, its membership and events which we hope will go from strength to strength in the coming months and years. 

**Nike Balogun Treasurer, ILS** 

> **Honorary President:** Sir Patrick Elias, **Vice-Presidents:** Saphié Ashtiany, Professor Catherine Barnard, Mr D Cockburn Professor Paul Davies QC, The Hon Mrs Justice Eady DBE, Lord Hendy QC, Sir Brian Langstaff, Michael Rubenstein, The Hon Mrs Justice Stacey DBE, Melanie Tether, Lord Justice Underhill **A Registered Charity: No. 292145** 



Ir4DEPENDENT E￿&mINER's REPORT TO THE TR
STE
ori THE INDUSTRIAL LAW SOCIETY
I report on the accounts of the Society for the year ended 31 December 2021, which are set out
on pages I to 4.
Respectlve respoDsibilitie5 of trust¢eJ and ex4mlner
As the charity's inis(ees you are responsible for the preparation of the accounts. you consider
that the audit requirement of section 43(2} of the Charities Act 1993 (the Acl) does not apply. It
is my responsibility io slate, on the basis of proccdur¢s specified in ihe General Directions given
by the Charity Coinmissioners under section 4317}Ib) of ihe Act, whether particul8r matters have
come to my attention.
Basls of Independent examlner's report
My examination was carried out in accordance with the General Directions given by the Charity
Coinmissioners. An examiiiaiioi) includes a revi¢w of the accounting records kept by rhe charity
and a comparisoi) of the accouiils presented wilh those re¢ords. li also includes consideration of
any unusual items or disclosures iii Il)e accounts. and seeking explaiialioiis from you as tlllslees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and COns￿lent[Y I do nol express an audit opinion on the view
given by the accounts.
Independent examlner's $tatem¢nt
In connection with my examination, no matter has ¢om¢ lo my alleiilion..
{ l ) which gives me reasonable causc lo belicve Ihal in any Inaterial re4pect the requirements lo
keep accounlllig record5 ili accordance with section 41 of the Act and lo prepare ac¢oui)t8 which
accord with th¢ accounting records 2nd lo comply with the accouiitin8 requiren)enls of the Acl
have not been mel or
{2} to which. in my opinion, attentioft should be drawn in order to enAble a proper understanding
of the accounts to be reached.
R.D. Ginbey
3 Page Road
BOWERS GIFFORD
Basildon
Essex SS13 2HP

ACcOUNT￿¥T,s REPORT
In accordance with insttuctions given to us we have prepared the atlached
Accounts from the records and from infornilltion and explanations received
from the Treasurer of the Industrial Law Society and we certify that it is
in accordance therewith.
R D Glnbey
3 PaRe Road
BOWERS GIFFORD
Baslldon
E.$S￿ SS13 2HP

THE INDUSTRIAL LAW SOCIETY
STATEMI ENT OF ASSETS AND LTABILITIES AS AT 31ST DECEMBER 2021
2021
2020
ASSETS RETAINED FOR THE CHARITY'S
OWN USE
Office Equipment at Cost
Addition.8
14,143
806
14,143
14,949
14,143
CASH ASSETS
Cash at Bank
94.546
80,806
LIABILITIES
Donation to MIND (Pub Quiz)
HMRC
Payroll Adinin
Telephone
{incl e-mailll)r0adb￿￿lZ0om}
Annual Conference
Intemation81 Socieiy for Labour Law
Siationery
470
503
225
492
225
202
96
252
30
Approved..............................Chair

THE INDUSTRIAL LAW SOCIETY
INCOME ￿ND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2021
2021
020
INCOME
Sub5¢riplion5.' Individual
Corpornle
28,859
15,510
9,394
27,893
17,555
11,456
Journal Sales
Deposit Account Interest
53,763
56,904
LESS EXPF.]YDITURE
Postage & Slatiortery
Employment Ixpenses:
Inc. employers, Nl
lrtsurdnccs
Intomiation Commissioners Office
Secretarial Expenses
Affiliation ￿]d accredilalion Fees
Bank Chary¢5
Printin8
Telephone
(incl e-mail/bn)adbaiidlzoom)
1,650
Accountdncy & Pdyroll Administration 1,135
Gifts
146
Miscellaneous
Einaivwebsile development
oup
141
287
30,477
2,616
35
29,508
2,239
35
81
287
1,974
39
2,215
1,471
1,350
55
2,905
251
41,320
37.577
12,443
19.327
SURPLUSI{DEFICIT) 0￿ CONFERENCES
& EVENIING MEETIYGS
2,103
(6,188)
(DEFICIT)ISURPLUS FOR THE YEAR
14

THE INDUSTIUAL LAW SOCIETY
INCOME AND EXPENDITURE ACCOUNT
YEAR EYI DED 31 DECEMBER 2021
2021
2020
ANNUAL CONFERENCE
Income
30.938
7,618
Less Expenses
Venue hire (incl.. A V Aids)
Spealcers
Posta8c. Printing, Promotion
& consumables
23.814
1,025
3,000
73
135
24,974
3,073
SURPLUSI(DEFICIT)
5.964
4,545
SUMMER PARTY (JUNE)
Incorne
Less Expenses
Hire of venue
Speakers
Postagc. Printing & Promotion
2,200
2200
SURPLUSI(DEFICIT)
(2,200)

THE INDUSTRIAL LAW SOCIETY
INCOl¥fE AND EXPENDITURE ACCOUNT
YKAR ENDED 31 DECEMBER 2021
2021
2020
PUB QUIZ (DECEMBER 2021)
Income
470
Less Expenses
Donation to MIND
Hire of venue
Spcakers
Postage, Printing & Promotion
& consumables
470
SURPLUSI(DEFICIT)
(470)
470
EVLYING MEETINGS: (ALL CENTRES)
Income
549
150
Expenses
Hall Hire
Sp¢ak¢rs expenses
AV Te¢hni¢iaii
Postage, Printing, Promotion
& consumables
2,946
480
421
7,508
1,645
93
3,940
9,153
SURPLUSI(DEFICIT)
TOTAL SURPLUSI{DEFICIT)
ON CON'FERENCES AND
EVENING MEETI.Tr4GS

Ir4DEPENDENT E￿&mINER's REPORT TO THE TR
STE
ori THE INDUSTRIAL LAW SOCIETY
I report on the accounts of the Society for the year ended 31 December 2021, which are set out
on pages I to 4.
Respectlve respoDsibilitie5 of trust¢eJ and ex4mlner
As the charity's inis(ees you are responsible for the preparation of the accounts. you consider
that the audit requirement of section 43(2} of the Charities Act 1993 (the Acl) does not apply. It
is my responsibility io slate, on the basis of proccdur¢s specified in ihe General Directions given
by the Charity Coinmissioners under section 4317}Ib) of ihe Act, whether particul8r matters have
come to my attention.
Basls of Independent examlner's report
My examination was carried out in accordance with the General Directions given by the Charity
Coinmissioners. An examiiiaiioi) includes a revi¢w of the accounting records kept by rhe charity
and a comparisoi) of the accouiils presented wilh those re¢ords. li also includes consideration of
any unusual items or disclosures iii Il)e accounts. and seeking explaiialioiis from you as tlllslees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and COns￿lent[Y I do nol express an audit opinion on the view
given by the accounts.
Independent examlner's $tatem¢nt
In connection with my examination, no matter has ¢om¢ lo my alleiilion..
{ l ) which gives me reasonable causc lo belicve Ihal in any Inaterial re4pect the requirements lo
keep accounlllig record5 ili accordance with section 41 of the Act and lo prepare ac¢oui)t8 which
accord with th¢ accounting records 2nd lo comply with the accouiitin8 requiren)enls of the Acl
have not been mel or
{2} to which. in my opinion, attentioft should be drawn in order to enAble a proper understanding
of the accounts to be reached.
R.D. Ginbey
3 Page Road
BOWERS GIFFORD
Basildon
Essex SS13 2HP

ACcOUNT￿¥T,s REPORT
In accordance with insttuctions given to us we have prepared the atlached
Accounts from the records and from infornilltion and explanations received
from the Treasurer of the Industrial Law Society and we certify that it is
in accordance therewith.
R D Glnbey
3 PaRe Road
BOWERS GIFFORD
Baslldon
E.$S￿ SS13 2HP

THE INDUSTRIAL LAW SOCIETY
STATEMI ENT OF ASSETS AND LTABILITIES AS AT 31ST DECEMBER 2021
2021
2020
ASSETS RETAINED FOR THE CHARITY'S
OWN USE
Office Equipment at Cost
Addition.8
14,143
806
14,143
14,949
14,143
CASH ASSETS
Cash at Bank
94.546
80,806
LIABILITIES
Donation to MIND (Pub Quiz)
HMRC
Payroll Adinin
Telephone
{incl e-mailll)r0adb￿￿lZ0om}
Annual Conference
Intemation81 Socieiy for Labour Law
Siationery
470
503
225
492
225
202
96
252
30
Approved..............................Chair

THE INDUSTRIAL LAW SOCIETY
INCOME ￿ND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2021
2021
020
INCOME
Sub5¢riplion5.' Individual
Corpornle
28,859
15,510
9,394
27,893
17,555
11,456
Journal Sales
Deposit Account Interest
53,763
56,904
LESS EXPF.]YDITURE
Postage & Slatiortery
Employment Ixpenses:
Inc. employers, Nl
lrtsurdnccs
Intomiation Commissioners Office
Secretarial Expenses
Affiliation ￿]d accredilalion Fees
Bank Chary¢5
Printin8
Telephone
(incl e-mail/bn)adbaiidlzoom)
1,650
Accountdncy & Pdyroll Administration 1,135
Gifts
146
Miscellaneous
Einaivwebsile development
oup
141
287
30,477
2,616
35
29,508
2,239
35
81
287
1,974
39
2,215
1,471
1,350
55
2,905
251
41,320
37.577
12,443
19.327
SURPLUSI{DEFICIT) 0￿ CONFERENCES
& EVENIING MEETIYGS
2,103
(6,188)
(DEFICIT)ISURPLUS FOR THE YEAR
14

THE INDUSTIUAL LAW SOCIETY
INCOME AND EXPENDITURE ACCOUNT
YEAR EYI DED 31 DECEMBER 2021
2021
2020
ANNUAL CONFERENCE
Income
30.938
7,618
Less Expenses
Venue hire (incl.. A V Aids)
Spealcers
Posta8c. Printing, Promotion
& consumables
23.814
1,025
3,000
73
135
24,974
3,073
SURPLUSI(DEFICIT)
5.964
4,545
SUMMER PARTY (JUNE)
Incorne
Less Expenses
Hire of venue
Speakers
Postagc. Printing & Promotion
2,200
2200
SURPLUSI(DEFICIT)
(2,200)

THE INDUSTRIAL LAW SOCIETY
INCOl¥fE AND EXPENDITURE ACCOUNT
YKAR ENDED 31 DECEMBER 2021
2021
2020
PUB QUIZ (DECEMBER 2021)
Income
470
Less Expenses
Donation to MIND
Hire of venue
Spcakers
Postage, Printing & Promotion
& consumables
470
SURPLUSI(DEFICIT)
(470)
470
EVLYING MEETINGS: (ALL CENTRES)
Income
549
150
Expenses
Hall Hire
Sp¢ak¢rs expenses
AV Te¢hni¢iaii
Postage, Printing, Promotion
& consumables
2,946
480
421
7,508
1,645
93
3,940
9,153
SURPLUSI(DEFICIT)
TOTAL SURPLUSI{DEFICIT)
ON CON'FERENCES AND
EVENING MEETI.Tr4GS