Financial Statements (for year ended Dec 2012)

Authors
Nick Light
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