2021-07-31-accounts - Lincoln Record Society

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Trustees' Report	1-8
Statement ofTrustees Responsibilities
Auditors Report	10-12
Statement ofFinancial Activities	13
Balance Sheet	14
Cash Flow Statements	15-16
Notes to the Financial Statements	17-21
List ofPublications	22-23

New members:
Owain Gardener, Co.Durham	Ian Newton, Dunholme
Ian George, Heighhington	Anna-Primrose Orchard, Derbyshire
Chris Gilham, Bracebridge Heath	Alison Ray, Aslackby
Caitlin Green, Louth	Holly Shipton, West Sussex
Timothy Holman, Somerset	Hugh Sutton, Market Rasen
Rebecca Jarvis, Bourne	Chris Woolgar, Hampshire

			General	Major	TOTAL	TOTAL
			Funds	Fund	2021	2020
			6	6		6
		Notes
INCOME AND ENDOWMENTS FROM
Other trading activities
Legacies Subscriptions			1,664,370 8,270		1,664,370 8,270	5,492
Charitable activities
Book Sales			1,054		1,054	1,433
Income from investments
Investment income		2	18,015		18,015	14,688
TOTAL INCOME AND ENDOWMENTS			1,691,709		1,691,709	21,613
EXPENDITURE ON
Expenditure on raising funds
Investment management fees			6,500		6,500	3,027
Legal costs associated with legacy			198,196		198,196
Expenditure on charitable activities Cost ofselling books			540		540	954
Bookproduction costs			8,727		8,727	8,149
Grants made			8,859		8,859	1,800
Support costs Other activities			5,897 3,495		5,897 3,495	5,746 1,655
TOTAL EXPENDITURE			232,214		232,214	21,331
Net gains/(losses) on investments
Gains/Losses on investment	assets		95,986	-	95,986	(27,059)
NET INCOME/(EXPENDITURE)			1,555,481		1,555,481	(26,777)
Transfer from General Funds			300,908	(300,908)
NET MOVEMENT IN FUNDS			1,856,389	(300,908)	1,555,481	(26,777)
Fund balances brought forward			197,216	300,908	498,124	524,901
Fund balances carried forward			2,053,605		2,053,605	498,124

				2021		2020
			Notes
FIXEDASSETS
Intangible fixed assets				16,718
Investments:	Brewin Dolphin			1,280,730		331,781
				1,297,448		331,781
CURRENT ASSETS
Debtors			8	455,299	374
Current asset investments:		COIFAccount		145,585	145,552
Cash at bank	and in hand			164,697	23,414
				765,581	169,340
CREDITORS
Amounts falling due within one year			9	9,424	2,997
NET CURRENT ASSETS				756,158		166,343
TOTAL ASSETSLESSCURRENT LIABILITIES				2,053,605		498,124
CREDITORS
Amounts falling	due after more than one year		9
NET ASSETS				2,053,605		498,124
FUNDS
Designated Funds: Major		Reserve	10			300,908
General Funds			10	2,053,605		197,216
TOTAL FUNDS				2,053,605		498,124

				2021	2020
				6	6
			Notes
Cash flows from operating	activities
Cash generated from operations				1,011,47	(8,793)
Net cash provided by operating activities				1,0I1,47	(8,793)
Cash flows from investing	activities
Interest received				36	725
Purchase ofintangible fixed assets				(16,804)
Purchase ofinvestments				(936,226)	(95,083)
Disposal ofinvestments				83,263	103,745
Net cash used in investing	activities			(869,731)	9,387
Change in cash and cash equivalents		in
the reporting period				141,316	594
Cash and cash equivalents	at the beginning
ofthe reporting period				168,966	168,372
Cash and cash equivalents	at the end
ofthe reporting period				310,283	168,966

				2021	2020
				f,	6
Net income	for the reporting period		(asper the	1,555,481	(26,777)
Statement ofFinancial Activities)
Adjustments	for:
Amortisation	charges			86
(Gains)/loss	on investments			(95,986)	18,397
Interest received				(36)	(725)
(Increase)/decrease		in debtors		(454,925)	990
Increase/(decrease)		in creditors		6,427	(678)
Net cash provided		by operations		1,011,047	(8,793)
2.ANALYSIS OF CHANGES IN NET FUNDS
			At 1.8.20	Cash Flow	At 31.7.21
				6	6
Net cash
Cash at bank	and in hand		168,966	141,317	310,283
			168,966	141,317	310,283

			General	Designated	TOTAL	TOTAL
			Funds	Fund	2021	2020
			E			6
		Notes
2	INVESTMENT INCOME
	Bankinterest onmonies held bythe charity		36		36	725
	Investment income		17,979		17,979	13,963
			18,015		18,015	14,688
3	CHARITABLE ACTIVITIES
	Costofselling books
	Storage charges		477		477	839
	Other costs		63		63	115
			540		540	954
	Bookproduction	costs
	Printing		6,630		6,630	7,080
	Shipping		2,097		2,097	1,069
			8,727		8,727	8,149
	Support costs
	Computer and website		715		715	1,144
	Administration		676	—	676	1,090
	Governance costs	4	4,507		4,507	3,512
			5,897		5,897	5,746
	Other activities
	Conference costs					797
	Future projects					215
	News Review		3,495		3,495	643
			3,495		3,495	1,655
	Grants
	Grants to Institutions
	Shaun Tyas					1,000
	Boydell &Brewer					500
	Grants to Individuals
	University ofLincoln Student Awards		200		200	200
	Bishop Grosseteste	Student Award				100
	lean Shaftoe - Henry Winn: The Man
	and His Words		4,000		4,000
	Professor Anna Marie Roos —The
	Correspondence	ofMartin Lister	4,659		4,659
			8,859		8,859	1,800


7	INVESTMENTS		Brewin
			Dolphin
	Market Value
	at 1August 20120		331,781
	Additions		936,226
	Disposals		(83,263)
	Revaluation		95,986
	At 31July 2021		1,280,730
	UKListed Investments		532,282
	Non-UK Listed Investments		749,444
	Cash		8,005
			1,280,730
		2021	2020
		6	6
8	DEBTORS
	BookSales	344	278
	Prepayments	762	96
	Legacy receivable	454,192
		455,299	374
9	CREDITORS
	Amounts falling due within one year
	Accruals	2,390	742
	Grants payable	4,659
	Life memberships	1,780	1,780
	Deferred income	595	475
		9,424	2.997
10	DEFERRED INCOME
	Deferred income comprises ofsubscriptions	received in advance.
	Market Value
	Balance as at 1August 2020		475
	Amount released toincoming resources		(475)
	Amount deferred in the year		595
	Balance as at 31July 2021		595

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