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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|
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|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|
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||||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|
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|||||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|
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|||||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|
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||||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|
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||||||General|Designated|TOTAL|TOTAL|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Fund|2021|2020|
||||||6||6|6|
|||||Notes|||||
|4|GOVERNANCE COSTS||||||||
||Meetings|gt|Board Development|||||2,028|
||Annual|Report|||2,227||2.227|794|
||Independent||Examination|||||690|
||Auditor's|remuneration|||2,280||2,280||
||||||4,507||4,507|3,512|
|6|INTANGIBLE FIXEDASSETS|TOTAL|
|---|---|---|
|||6|
||Cost||
||at 1August 2020|58,727|
||Additions|16,804|
||Disposals||
||at 31July 2021|75,531|
||Depreciation||
||at I August 2012-|58,727|
||Charge for the year|86|
||Eliminated
on disposals||
||at31July 2021|58,813|
||Net BookValue||
||at31July 2021|16,718|
||at 31July 2020||
|||||
|---|---|---|---|
|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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|Movement in|Funds|||||
|---|---|---|---|---|---|
||||Net|||
||||movement|||
|||At 1.8.20|in funds|Transfers|At 31.7.21|
|||6|f.|6|6|
|Unrestricted|funds|||||
|General fund||197,216|1,555,481|300,908|2,053,605|
|General f'und:|Major reserve|300,908|-|(300,908)||
|||498,124|1,555,481||2,053,605|
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|Comparatives|for movement
in F|unds||||
|---|---|---|---|---|---|
||||Net|||
||||movement|||
|||At 1.8.19|in funds|Transfers|At31.7.20|
|||6|6|6|f,|
|Unrestricted|funds|||||
|General fund||232,271|(26,777)|(8,278)|197,216|
|General fund:|Major reserve|292,630||8,278|300,908|
|||524,901|(26,777)||498,124|
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Lincoln Record Society
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Website: www.lincoln-record-society.org.uk