THE ASSOCIATION FOR THE SCIENTIFIC STUDY OF ANOMALOUS PHENOMENA LIMITED Financial Statements For the year ended 30[TH] JUNE 2024
Contents Page Trustees’ Report 2 - 3
Statement of Financial Activities 5
THE ASSOCIATION FOR THE SCIENTIFIC STUDY OF ANOMALOUS PHENOMENA LIMITED
Trustees Report for the year ended 30[TH] JUNE 2024
The Trustees present their report with the financial statements for the year ended 30[TH] June 2024
Charity Information
Registered Charity Number: 327422 (A Company Limited by Guarantee) Registered Company Number: 2075266
Registered Office: 63/66 5th Floor Suite 23 Hatton Garden London EC1N 8LE
Bankers: NatWest, London
Trustees who served within the year were:
Christian Jensen Romer Claire Davy Rebecca Smith William Eyre Edward Wood Hannah Wright Caroline McKendrick Steve Parsons Paul Gledhill Norie Miles Graham Philpott Beth Darlington-Bailey Byron Hadley Stuart Neville
Organisational Structure
The charity has Articles of Association and is governed by an executive committee.
Objects of the Charity
TO PROMOTE THE ADVANCEMENT OF EDUCATION BY OBTAINING, STORING AND PROCESSING AND DISTRIBUTING INFORMATION CONCERNING THOSE AREAS OF HUMAN EXPERIENCE AND OBSERVED PHENOMENA FOR WHICH THERE IS NOT GENERAL EXPLANATION AT PRESENT AND TO CONDUCT RESEARCH AND INVESTIGATIONS INTO SUCH PHENOMENA AND TO DISSEMINATE THE USEFUL RESULTS OF SUCH FOR THE BENEFIT OF THE PUBLIC. TO PROMOTE THE ADVANCEMENT OF EDUCATION BY OBTAINING, STORING AND PROCESSING AND DISTRIBUTING INFORMATION CONCERNING THOSE AREAS OF HUMAN EXPERIENCE AND OBSERVED PHENOMENA FOR WHICH THERE IS NOT GENERAL EXPLANATION AT PRESENT AND TO CONDUCT RESEARCH AND INVESTIGATIONS INTO SUCH PHENOMENA AND TO DISSEMINATE THE USEFUL RESULTS OF SUCH FOR THE BENEFIT OF THE PUBLIC.
Reserves Policy
To hold £5,000 as a reserve.
Risk
The major risks to which the charity is exposed were reviewed and a policy is being developed to help mitigate those risks. The most notable risks are the conference and events, and these are under review. Increasing costs of paper, printing and postage have to be taken into consideration.
Statement of Trustees Responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements the trustees are required to:
Select suitable account policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures that are disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on their behalf by:
…………………………………………………… Trustee (Treasurer) Dr. Rebecca Smith
Date: 19th March 2025
| Profit and Loss | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| Income | £ | £ | £ | |||
| Sales of Books | 132.52 362.74 7803.75 3285 13551.21 474.63 |
239.29 3063.99 7413.75 1935 8662.23 312.3 |
||||
| Research Donations | ||||||
| Subscriptions | ||||||
| Education | ||||||
| Conferences | ||||||
| Other | ||||||
| Deposit account interest | 0 | 0 | ||||
| Expenditure | ||||||
| Printing/Postage/Admin & Stationery (publications) |
2086.49 341.59 4014 1742.54 14104.7 |
3373.3 | ||||
| Public liability insurance | 341.59 | |||||
| Administration | 3039.44 441.49 11510.5 |
|||||
| Research | ||||||
| Investigations/Conferenc e/Events |
||||||
| Accountancy | 0.00 | |||||
| Equipment Hire/Telephony/Comms (incl. website) |
1711.48 | 2271.98 0 |
||||
| Loss of stock |
| Library | 614.06 £24,614.86 |
451.04 £21,429.34 |
||||
| EXCESS OF INCOME OVER EXPENDITURE |
£994.99 | £197.22 | ||||
| Balance | £17,906 | £16,239 |
Explanatory Notes to Profit and Loss Statement
Expenditure on Publications
| Expenditure on Publications | |
|---|---|
| Seriously Strange magazine (1 issue) | - £1064.99 |
| Anomaly (no issues) | - £0 |
| Posting & Stationery | - £1021.5 |
Printing of Seriously Strange magazine represented £1064.99 of our expenditure, with postage and packing representing £1021.50. Cost savings of over one thousand pounds were achieved by Rebecca Smith (Treasurer) and CJ Romer (Chairman) handling the packing and distribution process as volunteers, as opposed to using Phoenix of Swindon, where historically the envelopes were stuffed. In this twelve month period only one issue of the magazine, and no issues of Anomaly were produced, simply because Anomaly 51 and the Summer 2024 Seriously Strange were printed in the next accounting year after the cut-off point of June 30th.
Expenditure on Business Administration
| Expenditure on Business Administration | |
|---|---|
| Secretarial costs | £1046.51 |
| Direct Debit services fees (EazyCollect & PayPal) |
- £1638.60 - £1328.89 |
| Refunds to members | |
| Bank charges (Nat West) | £0 |
| Accountancy | £0 |
| Switchboard & Website Development/Hosting | - £704.83 |
|---|---|
| Public Liability Insurance | - £341.58 |
Business Administration represented £4014 of our expenditure. The increase on 2022/2023 was made up of refunds to members from events and training.
Expenditure on Conferences, Training & Events
| Training/education | - £1,401.30 |
|---|---|
| Conferences | - £10,248.71 |
| Events | - £1452.55 |
| Exec. Expenses | - £1002.14 |
Conferences, training and events represented £ 14,104.70 of our expenditure.
Figure 1: ASSAP Sources of Income 2022/24.
Approximately one third of the income is subscriptions, and two thirds of the income derived from members paying for training and conference bookings. Much of this money is of course directly allocated, i.e. to the university for the delegates’ bedrooms and venues.
----- Start of picture text -----
ASSAP Expenditure 2023/24
7% 3% 9%
1%
Publications
16% Public liability insurance
Administive costs
Research
Conference & Events
7%
Website & Phones
57% Library
----- End of picture text -----
Figure 2. ASSAP Expenditure
As can be seen Events and Conference made a profit in this year, and subscriptions covered fixed costs despite the costs of having two websites concurrently while we transferred.
For the year ending 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved by the trustees and signed on their behalf by:
…………………………………………… Date: 19th March 2025 Trustee:
THE ASSOCIATION FOR THE SCIENTIFIC STUDY OF ANOMALOUS PHENOMENA LIMITED
Notes to the Financial Statements for the Year Ended 30[th] June 2024
1 ACCOUNTING POLICIES
Basis of Accounting
The Financial Statements have been prepared in accordance with applicable standards and the Statement of Recommended Practice: Accounting by Charities (SORP 2005) and the Charities Act 2006. The Financial Statements have been prepared on the basis of the charity continuing as a going concern.
Incoming Resources
Incoming resources are reported gross and are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Grants Receivable
Grants are recognised when receivable.
Restricted Funds
Restricted funds are subjected to restrictions on their expenditure as imposed by the donor.
Unrestricted Funds
Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available for use as general funds at the discretion of the trustees.
Depreciation of Tangible Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Equipment | -10% on reducing balance |
|---|---|
| Computer Equipment | -25% on reducing balance |
Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
Taxation
The Association for The Scientific Study of Anomalous Phenomena, as a registered charity, obtains exemption from taxation from section 505 and section 256 Taxation of Chargeable Gains Act 1992.
Turnover
The turnover is attributable to the one principal activity of the company as stated in the Trustees` Report.
Operating Profit
The operating profit is: £994.99
| 2024 | 2023 |
|---|---|
| £684 | £503 |
| Depreciation – owned assets Tangible fixed assets Cost: At 1 July 2023 Additions At 30 June 2024 Depreciation At 1 July 2023 Charge for the year At 30 June 2024 Net book value At 30 June 2023 At 30 June 2024 |
Equipment £ 559 181 740 740 56 684 740 684 |
Total £ |
|---|---|---|
| 0 - |
||
| 0 | ||
| 559 56 |
||
| 503 | ||
| 559 | ||
| 503 |
Stock
| Creditors: Amounts falling due Trade Creditors Accruals and deferred income |
2024 £ 0 within one year 2024 £ |
|---|---|
| None None |
Micro-entity Balance Sheet as at 30 June 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | 684 | 559 | |
| Current Assets | 17906 | 16239 | |
| Prepayments | - | - | |
| Creditors | (within 12 mths) | 0 | 0 |
| Provisions for liabilities |
0 | 0 | |
| Net current assets | 18590 | 16798 | |
| Creditors | (over 12 mths) | 0 | 0 |
| Provisions for liabilities |
0 | 0 | |
| Accruals and deferred income |
0 | 0 | |
| Total Net Assets | 18590 | 16798 | |
| Reserves | 18590 | 16798 |