Accounts for the Year Ended 31st December 1988
ACCOUNTS FOR THE YEAR ENDED
31st DECEMBER, 1987
lix
BALANCE SHEET AS AT 31st DECEMBER, 1987
/1/ilf,
/987 /986 198'7
1 fund, Nme £ £ [ R,pm.,,,r,dbF N- £ [
233,/JJIJ Capital, Tr1n1 and lncolll.ted in Note l(b).
(b) Toe Society's Library and Collections at Maidstone Museum. manuscriptS at Kent Archivc-s Office and pictures at Bradboume House are shown on the balance sheet at a
nominal value of £1,735. No up to date valuation has been made of the whole collection.
(c) Specific invcstmentS have not been allocated to the gene.rat accumulated fund and the Margary funds. Therefore, realised profitS on the sale of investments have been
apportioned between those funds in proportion to the calculated cost of their respective invesunentS at the beginning of the year.
(d) It is not considered appropriate to include a Statement of Source and Application of Funds as it would not add to the understanding of the accounts, which do not therefore
comply with Statement of Standard Accounting Practice No. 10 of the Consultative Commiuee of A«0untancy Bodies.
(2) Earmarked Funds (Commia,es)
Balan= at 1st January 19S7
1987 grants
Legacy
Expenditure
Plaxtol (Sedgebrook) Roman Villa
High Ha!stow Bell Frame
Books
Balances at 31st December 1987
(3) Capital, Trust and Income Funds
Balances at 1st January 1987
Add: Investment income
Profit on sale of investmentS
Surplus for the year
Less: Subscriptions for life members
Transfer to capital reserve
Balances at 31st December 1987
K.D.R.G.
£
200
100
300
£300
Piercy Fox
Memorial Fund
Capital Income
£ £
10.679 3.204
926
10.679 4,130
£10.679 £4.130
Excavation
and
Fieldwork
£
67
700
767
(50)
£117
Churches
Fund
£
2,530
135
2.665
£2.665
Historic
Buildings
£
1,555
600
2,155
£2,155
Life
Composition
Fund
£
3,374
527
386
4,287
(527)
£3,760
Library
£
935
400
125
1,460
(286)
£1,174
Capital
Reserve
£
23,S82
2,253
25,83S
2,000
£27.835
Churches
£
1,619
600
2,219
(30)
£2,189
Margary
Fund
£
180,676
17,262
197,938
£197,938
Records
£
200
200
£200
General
Accumulated
Fund
£
8,994
1,015
18,179
28.188
(2,000)
£26.188
Total
£
4,376
2,600
125
7,101
(50)
(30)
(286)
£6,73S
Total
£
233,039
1,588
20,916
18,179
273,722
(527)
£273.195
(4) Special Grants During 19/fl £ (7) Pub/icarit>ns £ £
Plaxtol (Sedgcbrook) Roman Villa 500 Opening stocks at 1st January 1987 21.639
Post Graduate Medical Centre - Kent and Deficit for the year (952)
Canterbwy Hospital 400 Sales of Lullingstone I 53
W. Briscall - Discovering Old Buildings of Ashford 250
20,740
£.1.150 Less: Ttansfer of 75% of sale proceeds of Lullingstone
-- I to H.B.M.C. Account (Note 6) 40
Provision against debtors written back (339)
Reserve for publications at 31st December 1987 19,541
(5) Bookstall £ £
Sales of Socicty·s publications 681 19,242
Other sales 283
Surplus for the year £1,498
964 --
I.=: Costs and expenses 257
Debtors paid during the year 339
(8) PublicaJioM Srock Account £ £
596
Opening stocks at !St January 1987
Deficit for the year
21,639
(952)
[ 368 20,687
Sales of the Society funded publications:- L,,ss: Sales of pubUcatlons from Booksta.11 342
Otber publications (Nore 8) 342 Sales of publications other than from stock (91)
Surplus £26 251
-- Other sales of publications 895
(6) H.B.M.C. Account £
1,146
£
Balance at !St January 1987 2,587 Oosing stocks at 31st December 1987 £19.541
Less: Transfer to finance Lullingstone II (2.587)
Add: Amounts held to finance subsequent publication The stocks arc valued at cost. They do not include LulUngstone I (sec Note 6).
of work sponsored by the English Heritage:
- 75% of sale proceeds of Lullingstone I 40
- 100% of sale proceeds of Lullinstone II 34
74
£74
REPORT OF THE At'DITORS TO THE MElltBERS OF .KENT ARCHAEOLOGICAL SOCIET\'
We ba,·e audited the ao..-ountS on p;iges I 10 4. Our audit was conducted in "'-""'Nall<." with appro,ed Audi1iog Standards cx,-.,p1 tha1 111<: scope of our work w-J1i limi1ed, as io. previous years.
in Utat we ba,e 001 verified the existence of the ron1en1s of the ltbra,y and C\>ll"'-tiuns al Moids1one Museum.
Subject to any odjusunent which may be rcquittd to fi.,ed assets and the appn.'!'riate fund 3C\.'Ount in respect of the aoove. in our opinion. 1he acc-oums give a lru< and fair view of 1he s1a1e
of affairs o{ the Society at 31st December 1987 and of ilS swplus for the year ended on tba1 dat< and rompl)' "ith the Rults of the Society.
52 St. Margatct's Street.
Rocbcster.
KeotMEI In'
18th April. 198$
ROBSON RHODES
C/1nrttr,d Acrountants