Issue
28
Page
0
Statement of Financial Activities
| Note | 2011 | 2010 | |
| Incoming resources | |||
| Fees and subscriptions | £14,225 | £13,451 | |
| Investment income | 1 | £5,260 | £3,935 |
| Interest Income | £55 | £137 | |
| Income from activities for generating funds | £567 | £279 | |
| Other incoming resources | £25 | £0 | |
| Donations and legacies | £437 | £3,371 | |
| Total incoming resources | £20,569 | £21,173 | |
| Expenditure | |||
| Publications costs | £15,493 | £17,920 | |
| Stationery, postage and advertising | £926 | £660 | |
| Meetings costs | £0 | £865 | |
| Sundry expenses and fees | £550 | £680 | |
| Grants | 2 | £2,000 | £1,000 |
| Total expenditure | £18,969 | £21,125 | |
| Net incoming resources | £1,600 | £48 | |
| Gains on revaluation | £1502 | £3,876 | |
| Net movement in funds | £3,102 | £3,924 | |
| Fund balances brought forward | £101,162 | £97,238 | |
| Fund balances carried forward | £104,264 | £101,162 |
Balance Sheet at 31st December 2011
| Note | 2011 | 2010 | |
| Fixed Assets | |||
| Investments at market value | 3 | £102,653 | £91,151 |
| Total fixed assets | £102,653 | £91,151 | |
| Current Assets | |||
| Debtors | 4 | £793 | £1,280 |
| Cash at bank and in hand | £13,623 | £19,771 | |
| Total current assets | £14,416 | £21,051 | |
| Short term creditors | 5 | £12,805 | £11,040 |
| Net current assets) | £1,611 | £10,011 | |
| Total assets less current liabilities | £104,264 | £101,162 | |
| Unrestricted income funds | £104,264 | £101,162 |
Notes to financial statements
ACCOUNTING POLICIES
General
- These statements have been prepared in accordance with Financial Reporting Standard for Smaller Entities (FRSSE) and the Charities SORP (Statement of Recommended Practice)
- Investments are valued at market value on 31st December.
- No trustee has received any remuneration during the current or previous year. Expenses incurred on behalf of the Society have been reimbursed.
Funds
- All Society funds are unrestricted funds
- The accounts include transactions, assets and liabilities for which the Charity can be held liable.
| Note 1. Investment income from: | 2011 | 2010 |
| Stock listed on recognised stock exchange | £5247 | £3,774 |
| National Savings Income Bond | £13 | £161 |
| Total | £5260 | £3935 |
| Note 2. Grants awarded: | ||
| Bryony Caswell | £1,000 | |
| Steve Wilkinson | £1,000 | |
| A. Prendergast | £1,000 | |
| Note 3. Investments: | ||
| Market value at beginning of year | £91,151 | £77,275 |
| Investment during the year | £10,000 | £10,000 |
| Net gain/(loss) on revaluation | £1,502 | £3,876 |
| Market value at end of year | £102,653 | £91,151 |
| Note 4. Analysis of debtors: | ||
| Tax recoverable – Gift Aid | £793 | £1,280 |
| Note 5. Analysis of creditors and accruals: | ||
| Publications accruals | £7,550 | £9,080 |
| Grants | £2,000 | - |
| Subscriptions in advance | £3,246 | £1960 |
| Total | £11,040 | £9,591 |
Nick Light Honorary Treasurer 31st January 2012
Liz Platts Honorary Examiner