Independent Examiners Report to the trustees of the De Vere Society
I report to the trustees on my examination of the accounts of the society for the year ended 31st December 2022, which are set out on page 2 and 3.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
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to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 30 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
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have not been met; or
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to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Margaret Fowler 9[th] February 2023 AAT Licensed Accountant 55 Gilmore Crescent Ashford Middlesex TW15 2DD
| Bank Accounts | 31.12.19 | 31.12.20 | 31.12.21 | 31.12.23 | ||||
|---|---|---|---|---|---|---|---|---|
| **Close £ ** | **Close £ ** | Close £ | Close £ | |||||
| Barclays community | £9,438.70 | 4,232 | 535 | 17,668 | ||||
| Barclays saving | £9,263.28 | 88,301 | 170,310 | 139,347 | ||||
| PayPal$&£ | £6,118.19 | 4,379 | 12,033 | 3,399 | ||||
| Barclays$ | £2,368.49 | 1,613 | 0 | 0 | ||||
| Consolidated bankbalance | **27,189 ** | **98,525 ** | 182,877 | 160,414 | ||||
| Bank Movement | **1357 ** | **71,336 ** | **84,353 ** | -22,463 | ||||
| Accounts | 12m to Dec 2019 |
12m to dec 2020 |
12m to dec 2021 |
12m to dec 2022 |
||||
| Revenues | ||||||||
| PayPal subs(net of fees) | 3,151 | 4,263 | 6,818 | 6,753 | ||||
| Barclays£subs | 2,143 | 2,178 | 2,014 | 2,714 | ||||
| Barclays$subs | 1,537 | 1,155 | 1,144 | 0 | ||||
| Overpayment/rebate | -30 | -225 | 43 | 0 | ||||
| Unpaid subs due | 5 | 150 | 0 | |||||
| Gift aid accrued | 300 | 329 | 350 | 320 | ||||
| Total subs | 7,101 | 7,705 | 10,519 | **9,787 ** | ||||
| Shop (paypal) | 0 | 0 | 809 | 5,090 | ||||
| Book sales(portseapress) | 268 | 0 | 174 | 2,853 | ||||
| Interest income | 37 | 16 | 9 | 66 | ||||
| Donations | 1,000 | 80,967 | 115,380 | 33,721 | ||||
| Total Revenues | 8,406 | 88,688 | 126,891 | 51,516 | ||||
| Operating Expenses | ||||||||
| Zoom & ITSubs | 0 | 0 | -2251 | -2,597 | ||||
| Printing | -3122 | -3949 | -4515 | -8,068 | ||||
| Paid Admin | 0 | 0 | -5172 | -12,907 | ||||
| Committee expenses | -1659 | -2324 | -2467 | -4,787 | ||||
| Conference and teleconference (net) |
-771 | -1537 | -3324 | -12,730 | ||||
| Digital marketing | -524 | -374 | 0 | 0 | ||||
| Shop | 0 | 0 | -280 | -186 | ||||
| Bank charges | -44 | -7 | 0 | -30 | ||||
| Audit | -80 | -90 | -100 | -110 | ||||
| Fx effects | 26 | 200 | -327 | -256 | ||||
| Software | -127 | |||||||
| Total expenses | **-6173 ** | **-8082 ** | -18436 | -41,798 | ||||
| Operating surplus | 2,233 | 80,606 | 108,455 | 9,719 | ||||
| Investment expense | ||||||||
| Preprint &publishing | 0 | 0 | -15160 | -18,911 | ||||
| Research | -575.32 | 0 | 0 | -5,246 | ||||
| Design,social media and SEO | 0 | -2000 | -6900 | -6,961 | ||||
| Website | 0 | -7758 | 0 | 0 | ||||
| Fixtures and hardware | 0 | -1288 | -1 | 0 | ||||
| Dataprivacy | -1 | 0 | -2160 | 0 | ||||
| Total investment | -576 | -11,046 | -24,221 | -31,118 | ||||
| Surplus after investment | **1,657 ** | 69,560 | **84,234 ** | -21,399 | ||||
| Timing adjustments | -300 | 1,776 | 119 | -1,064 | ||||
| Cash movement | 1,357 | 71,336 | 84,353 | -22,463 |