RECORD SOCIETY OF LANCASHIRE & CHESHIRE
Regd Charity No 500434
Receipts and Expenditure from 1 January to 31 December 2016
Balance at 31 December / 201567,026.51 / 2014
77,340.34
Year to 31 December / 2016 / 2015
Receipts
Subscriptions – current / 3,879.12 / 4,061.34
Subscriptions – in arrears / 546.97 / 681.66
Subscriptions – in advance / 785.82 / 244.94
Subtotal / 5,211.91 / 4,987.94
Interest – NatWest Business Reserve Account / 2.48 / 10.66
Interest – NatWest one-year bond / 0 / 18.54
Interest – Scottish Widows deposit / 1,845.52[1] / 1,840.61
Subtotal / 1,848.00 / 1,869.81
Donations / 40.00 / 10,460.00[2]
Gift Aid / 188.75 / 191.25
Book sales / 1,253.00 / 2,234.00
Total receipts / 8,541.66 / 19,743.00
Payments
Printing & postage of volume 148 / 6,125.00
Printing & postage of volume 149 / 7,701.00[3]
Printing & postage of volume 150 / 6,650.00
Printing & postage of volume 151 / 6,650.00
Printing & postage of volume 152 / 6,650.00
Additional publication costs - images / 226.00[4]
Additional publication costs – transcript of TNA E179/130/120 / 100.00
Postage - other / 279.12[5] / 389.12
Photocopying/printing/stationery / 28.65
Deepstore / 394.66 / 937.91[6]
Council expenses / 94.95 / 9.80
Website / 24.00
Purchase of RSLC titles for master set / 412.30
Donation to Elizabeth Roberts’ oral history project / 1,000.00
Launch of volumes 148-150, Lancaster Castle / 734.20
150 Reception, Liverpool Athenaeum / 447.50
ISBN agency / 92.00
Total payments / 8,889.38 / 30,056.83
Receipts minus payments / -347.72 / -10,313.83
Statement of Assets and Liabilities at year end / 2015
Cash funds
National Westminster Current account / 6,082.54 / 21,432.74
National Westminster Business Reserve account / 5,596.25 / 5,593.77
Scottish Widows base rate tracker account / 40,000.00
Other monetary assets
Scottish Widows fixed term deposit / 40,000.00
Hampshire Trust Bank / 15,000.00[7]
Total monetary assets / 66,678.79[8] / 67,026.51
Assets retained for the Charity’s own use
Book stock / 3,000.00[9] / 3,000.00
Total assets / 69,678.79 / 70,026.51
Liabilities
Printing and postage of volumes / Vol. 153[10]
7,000.00 / Vol. 152
8,000.00
Fiona Pogson
Hon. Treasurer
20February2017
Examined and found correct
Dr P. Cox
Dr J. E. Hollinshead
27 February 2017
[1] This is a five-year fixed rate deposit which matured in November 2016 (interest rate = 4.6%).
[2] This includes a gift from the estate of Miss Mary East and a net donation from the Ranulf Higden Society.
[3] The cost of producing volume 149 was £8,701.00, reduced to £7,701.00 due to a Scouloudi award of £1,000 paid directly to Liverpool University Press.
[4] This comprises payments to the National Map Centre, The National Archives and the Royal Air Force Museum.
[5] This is accounted for partly by the cost (invoiced to purchasers) of posting orders of back stock.
[6] This includes £558.61 in payment of the cost of handling surplus back stock.
[7] £15,000 was invested in a One Year Business Savings Bond with Hampshire Trust Bank, 1.9% fixed rate. This matured in January 2017; the funds are currently in the Hampshire’s Easy Access Account, 0.75% interest.
[8] Please see the reports of Council, 2014 and 2015, ‘Financial Statement and Policy on Reserves’.
[9] This has been calculated by estimating the depreciating value of the remaining stock of volumes 142-152, i.e. volumes published and paid for during the last ten years, 2007-2016.
[10] The accounts for volume 153, published in November 2016, had not been settled by the end of the financial year.