## ## ||Financial Statements for|Financial Statements for|the year|ended|ended|ended|30|30||June|June|2023|2023|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Notes||||||||||||||||||| ||Basis ofAccounting|||||||||||||||||| ||The Trustees consider it appropriate
to continue accounting
on a Receipts|||and Payments||||basis.|||No significant||||stocks, debtors or creditors|||| ||creditors existed at the year end.|||||||||||||||||| ||Cash Funds|||||||||||||||||| ||During the year, the Trustees reviewed
the Friends'
banking procedures
and||||agreed to adopt Online|||||||Banking||with|||the Cooperative|| ||Bank as a method ofpayment. The relevant change to Rule Sc(Rule 5 Funds||||&Assets) has||||been||made.|||||||| ||Similarly, the Trustees agreed to adopt a Responsible
Investment
Policy permitting|||||(but||not requiring)|||||funds|to||be invested where||| ||they may more closely align tothe Association's
objectives in||safeguarding|and advancing|||||archival heritage. The relevant|||||||||change| ||to Rule 5 Funds &Assets has been made.|||||||||||||||||| ||Our deposit accounts continue to be managed to maximise interest income consistent with|||||||||the|Responsible|||Investment||||Policy while| ||and while not exposing the funds to risk.|||||||||||||||||| ||Our bank and building
society accounts are each covered|by the f85000 FSCSguarantee.||||||||||||||||| ||Interest earned on all term accounts is paid on an annual|basis: the figures||shown||in these||||accounts||isthe amount|||||actually|| ||received
in the financial year.|||||||||||||||||| ||Payments toTrustees|||||||||||||||||| ||Formal agreements
are in place where necessary for payments||to Trustees|for the||provision of|||||lectures and|||workshops.||||The Trustees| ||Trustees consider these payments to be reasonable
and in the best interests||||ofthe Charity.|||||No|such|payments||||were made||| ||during the year.|||||||||||||||||| ||No Trustee received payment
for their services as a Trustee.
Peter Newsham||||as Treasurer|||||claimed reimbursement|||||||ofexpenses|| ||for stationery,
postage and plaques (benches), supported|by receipts.||||||||||||||||| ||Subscriptions|||||||||||||||||| ||Subscription
income was slightly reduced this year due to|deaths and resignations,||||as reported|||||by the||Membership||||Secretary.|| ||Once again, the Subscription
renewals
process was more complicated
by the||||transfer||of|banking|||arrangements|||||from RBStothe||| ||Cooperative
Bank, resulting
in some duplicated
payments.|Such duplicated||payments|||were|||refunded,|||except|where the||||| ||member requested
they be treated as a Donation.|||||||||||||||||| ||Donations &Legacies|||||||||||||||||| ||In addition to small individual
donations
(including
virements||from duplicated||Subscriptions)
which were treated as Unrestricted|||||||||||||| ||Funds, a total ofE30100was donated
in support ofClarets Collected (Burnley||||F.C.)|project.||||This|istreated as|||a Restricted||||Fund,| ||and isto be banked
in a separate designated
account early in||the 2023-24year.|||||||||||||||| ||Events &Workshops|||||||||||||||||| ||Following the lifting ofCovid-19 restrictions one 'live' event was offered during the|||||year:||as expected||||this was|||a|'loss leader'.||| ||Other Events income arose from two Cafe Archive events.|||||||||||||||||| ||Interest Received|||||||||||||||||| ||Comprises: United Trust Bank E413.01;Hampshire
Trust Bank||f170.55+564.67;Ecology|||||Building Society E926.56;|||||||||Cambridge|| ||&Counties Bank E1359.56; Royal Bank ofScotland E0.07.|||||||||||||||||| ||Projects &Grants|||||||||||||||||| ||Comprises: Benches &planters f1436.70;Digitisation
equipment
E32125.65;||||'Archive'||publication
(two edition)|||||||||E4234.84;||| ||Collections Asst salary (to March 23)E11519.35;website deve)opment
f4932.|||||||||||||||||| ||Printing, Postage &Stationery|||||||||||||||||| ||This was in line with expenditure
under the same head as|last|year.|||||||||||||||| |10|Insurance,
Membership
costs|||||||||||||||||| ||As in previous years, the Friends
agreed to pay the annual|Zoom subscription|||-E144-on|||behalf|||of Lancashire|||Archives.||||| ||Subscriptions:
BALH f75; LLHF EB.|||||||||||||||||| ||Consultancy|||||||||||||||||| ||f400was paid to Tullock Consultancy
for a 'SWOT' analysis|on|the Friends.|||||||||||||||| |12|Movements
on Restricted
Funds|||||||||||||||||| ||||Rlbble Valley||||Clarets||||Sound Archive|||||||Total| ||Balanceasat1
July2022||||E500||||||||E1,812|||||f2,312| ||Donations
received|||||||E30,100||||||||||E30,100| ||Expenditure|||||||||||||||||| ||Balance asat30 June 2023||||6500|||f30,100|||||61,812|||||632,412| ## ## ## ## ## ## ## ## ## ## ## ## ||Financial Statements for|Financial Statements for|the year|ended|ended|ended|30|30||June|June|2023|2023|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Notes||||||||||||||||||| ||Basis ofAccounting|||||||||||||||||| ||The Trustees consider it appropriate
to continue accounting
on a Receipts|||and Payments||||basis.|||No significant||||stocks, debtors or creditors|||| ||creditors existed at the year end.|||||||||||||||||| ||Cash Funds|||||||||||||||||| ||During the year, the Trustees reviewed
the Friends'
banking procedures
and||||agreed to adopt Online|||||||Banking||with|||the Cooperative|| ||Bank as a method ofpayment. The relevant change to Rule Sc(Rule 5 Funds||||&Assets) has||||been||made.|||||||| ||Similarly, the Trustees agreed to adopt a Responsible
Investment
Policy permitting|||||(but||not requiring)|||||funds|to||be invested where||| ||they may more closely align tothe Association's
objectives in||safeguarding|and advancing|||||archival heritage. The relevant|||||||||change| ||to Rule 5 Funds &Assets has been made.|||||||||||||||||| ||Our deposit accounts continue to be managed to maximise interest income consistent with|||||||||the|Responsible|||Investment||||Policy while| ||and while not exposing the funds to risk.|||||||||||||||||| ||Our bank and building
society accounts are each covered|by the f85000 FSCSguarantee.||||||||||||||||| ||Interest earned on all term accounts is paid on an annual|basis: the figures||shown||in these||||accounts||isthe amount|||||actually|| ||received
in the financial year.|||||||||||||||||| ||Payments toTrustees|||||||||||||||||| ||Formal agreements
are in place where necessary for payments||to Trustees|for the||provision of|||||lectures and|||workshops.||||The Trustees| ||Trustees consider these payments to be reasonable
and in the best interests||||ofthe Charity.|||||No|such|payments||||were made||| ||during the year.|||||||||||||||||| ||No Trustee received payment
for their services as a Trustee.
Peter Newsham||||as Treasurer|||||claimed reimbursement|||||||ofexpenses|| ||for stationery,
postage and plaques (benches), supported|by receipts.||||||||||||||||| ||Subscriptions|||||||||||||||||| ||Subscription
income was slightly reduced this year due to|deaths and resignations,||||as reported|||||by the||Membership||||Secretary.|| ||Once again, the Subscription
renewals
process was more complicated
by the||||transfer||of|banking|||arrangements|||||from RBStothe||| ||Cooperative
Bank, resulting
in some duplicated
payments.|Such duplicated||payments|||were|||refunded,|||except|where the||||| ||member requested
they be treated as a Donation.|||||||||||||||||| ||Donations &Legacies|||||||||||||||||| ||In addition to small individual
donations
(including
virements||from duplicated||Subscriptions)
which were treated as Unrestricted|||||||||||||| ||Funds, a total ofE30100was donated
in support ofClarets Collected (Burnley||||F.C.)|project.||||This|istreated as|||a Restricted||||Fund,| ||and isto be banked
in a separate designated
account early in||the 2023-24year.|||||||||||||||| ||Events &Workshops|||||||||||||||||| ||Following the lifting ofCovid-19 restrictions one 'live' event was offered during the|||||year:||as expected||||this was|||a|'loss leader'.||| ||Other Events income arose from two Cafe Archive events.|||||||||||||||||| ||Interest Received|||||||||||||||||| ||Comprises: United Trust Bank E413.01;Hampshire
Trust Bank||f170.55+564.67;Ecology|||||Building Society E926.56;|||||||||Cambridge|| ||&Counties Bank E1359.56; Royal Bank ofScotland E0.07.|||||||||||||||||| ||Projects &Grants|||||||||||||||||| ||Comprises: Benches &planters f1436.70;Digitisation
equipment
E32125.65;||||'Archive'||publication
(two edition)|||||||||E4234.84;||| ||Collections Asst salary (to March 23)E11519.35;website deve)opment
f4932.|||||||||||||||||| ||Printing, Postage &Stationery|||||||||||||||||| ||This was in line with expenditure
under the same head as|last|year.|||||||||||||||| |10|Insurance,
Membership
costs|||||||||||||||||| ||As in previous years, the Friends
agreed to pay the annual|Zoom subscription|||-E144-on|||behalf|||of Lancashire|||Archives.||||| ||Subscriptions:
BALH f75; LLHF EB.|||||||||||||||||| ||Consultancy|||||||||||||||||| ||f400was paid to Tullock Consultancy
for a 'SWOT' analysis|on|the Friends.|||||||||||||||| |12|Movements
on Restricted
Funds|||||||||||||||||| ||||Rlbble Valley||||Clarets||||Sound Archive|||||||Total| ||Balanceasat1
July2022||||E500||||||||E1,812|||||f2,312| ||Donations
received|||||||E30,100||||||||||E30,100| ||Expenditure|||||||||||||||||| ||Balance asat30 June 2023||||6500|||f30,100|||||61,812|||||632,412| ## ## ## ## ## ## ## ## ## ## ##