Annual Report of the Council for 2005

P. E. Oldham *** President (to 21 May 2005)

C. R. Pout President (from 21 May 2005)

A. I. Moffat Hon. General Secretary

R. G. Thomas Hon. Treasurer

S. Broomfield Hon. Membership Secretary

F. H. Panton Hon. Librarian

T. G. Lawson Hon. Editor

J. Saynor Hon. Excursions Secretary

M. C. W. Still Hon. Curator

C. W. Chalklin Vice President

L. D. Lyle *** Vice President

E. Melling Vice President

J. Whyman Vice President

D. G. Anstey

D. Bacchus

E. Boast ****

D. A. H. Cleggett

E. P. Connell *

J. M. Gibson **

P. A. Harlow

R. Higgs *

M. T. Lawrence

R. F. Le Gear

K. Parfitt ***

A. Richardson **

R. J. Spain

A. F. Ward *****

C. P. Ward

* Denotes re-elected at the annual general meeting on the 21 May 2005;

** Newly elected at the AGM on 21 May 2005;

*** Retired at the AGM. on 21 May 2005;

**** Resigned 7 January 2005;

***** Re-elected 21 May 2005 and resigned 8 November2005.

The officers (other than the Vice Presidents) hold office for one year, the Vice Presidents hold office for seven years and the other members for four years.

The Society’s main agents and advisers are:

Bankers: National Westminster Bank plc, 3 High Street, Maidstone, Kent, ME14 1XU

Auditors: Reeves & Neylan, 37 St Margaret’s Street, Canterbury, Kent, CT1 2TU

Stockbrokers: UBS Wealth Management (UK) Ltd, 1 Curzon Street, London, W1J 5UB

Stockbrokers’ nominee company holding the Society’s investments: Productive Nominees Ltd, 1 Curzon Street, London, W1J 5UB

The Society’s activities are restricted by the terms of its objects set out elsewhere in this report. In particular its area of benefit is mainly (but not exclusively) the ancient county of Kent which is considered to be the administrative County of Kent, Medway Council and the London Boroughs of Bexley, Bromley, Greenwich and part of Lewisham.

The Society’s investment powers are those given by the general law; its rules do not give it any special investment powers. The Council has delegated some of its investment powers to UBS Wealth Management (UK) Ltd in accordance with a scheme made by the Charity Commissioners on the 18th April 1994.

A. I. Moffat,
Hon. General Secretary
on behalf of the Council

25 February 2006

Kent Archaeological Society

Statement of Financial Activities for the year ended 31 December 2005

Unrestricted Designated Restricted

fund funds funds Total 2004

£ £ £ £ £

Income and Expenditure

Incoming resources

Donations, legacies and similar incoming resources:

Archaeologia Cantiana grants - - - - -

Other Grants 1,386 - - 1,386 -

Incoming resources from operating activities in

furtherance of the charity’s objectives:

Subscriptions 32,295 - - 32,295 30,666 Life subscriptions 810 (810) - - -

Investment income: Investment income 7,047 34,571 1,580 43,198 42,434

Application of designated

fund investment income 34,027 (34,027) - - -

Other incoming resources 13,542 - - 13,542 12,888

Total incoming resources 89,107 (266) 1,580 90,421 85,988

Resources expended

Direct charitable expenditure:

Archaeologia Cantiana expenses 19,086 - - 19,086 18,970

Excursions, Events and Lectures 11,217 - - 11,217 9,369

Committees’ Expenditure 24,408 - - 24,408 32,907

Newsletters and Information Officer 14,021 - - 14,021 13,986

Minster training excavation 2,709 - - 2,709 4,967

Grants 2,000 - - 2,000 1,400

Subscriptions to other bodies 105 - - 105 244

Allen Grove awards - - 850 850 832

Resources expended on managing

and administering the charity:

Management and administration 6,715 - 20 6,735 6,557

Investment Management fees 5,566 - - 5,566 3,463

Depreciation 2,305 - - 2,305 3,216

Total expenditure 88,132 - 870 89,002 95,911                                                                      

Net incoming/(outgoing) resources

for the year 975 (266) 710 1,419 ( 9,923)

Gains/(Losses) on investments 10,645 116,582 6,673 133,900 86,877

Net movement in funds 11,620 116,316 7,383 135,319 76,954

Funds brought forward

at 1 January 2005 161,668 984,490 43,791 1,189,949 1,112,995

Funds carried forward

at 31 December 2005 173,288 1,100,806 51,174 1,325,268 1,189,949

There were no recognised gains or losses other than those included in the Statement of Financial Activities.

Balance Sheet at 31 December 2005

2005 2004

£ £

Fixed assets

Tangible fixed assets 3,340 4,127

Investments 1,336,747 1,204,153

1,340,087 1,208,280

Current assets

Debtors 8,241 8,741

Cash at Bank and in Hand 15,477 10,272

23,718 19,013

Creditors, amounts falling

Within one year 38,537 37,344

Net Current Liabilities (14,819) (18,331)                                      

Net Assets 1,325,268 1,189,949

Funds

General 173,288 161,668 Designated Funds 1,111,533 984,490

Restricted Funds 40,447 43,791

1,325,268 1,189,949

The above figures are extracted from the full Trustees’ report and financial statements which have been audited by Reeves and Neylan who gave an unqualified audit report on 20 April 2006. The auditors have confirmed to the Trustees that the summarised financial statements are consistent with the full financial statements for the year ended 31 December 2005. The Trustees’ report and financial statements were approved by the Trustees and signed on their behalf on 8 April 2006.

These summarised financial statements may not contain sufficient information to gain a complete understanding of the financial affairs of The Kent Archaeological Society. The full Trustees’ report, audit report and financial statements may be obtained from The Kent Archaeological Society, Three Elms, Woodlands Lane, Shorne, Gravesend, Kent DA12 3HH.

Signed on behalf of the Trustees:

C R Pout (President)

R G Thomas (Honorary Treasurer)

COMMITTEES OF THE SOCIETY

Churches Committee

P.A. Lawrence (Chairman), Mrs E.M.B. Nussbaum (Secretary), Mrs M. Berg,

D.E. Carder, G.J. Davey, J.D. Davidson, K.J. Fryer, Mrs J. Gibbs, Mrs D. Goacher,

Dr P. Lee, Mrs J.M. Saynor, Dr S.M. Sweetinburgh and the Hon. General Secretary.

Education Committee

I.A. Coulson (Chairman), Miss M. Green (Secretary), P.J. Bagshaw, Ms R. Bell,

P.B. Bennett, E.P. Connell, A. Harmsworth, Ms C. Hodge, Mrs E.A. Palmer,

Dr F.H. Panton, Dr R.J. Spain, C.P. Ward and the Hon. General Secretary.

Fieldwork Committee

C.R. Pout (Chairman), M.E. Howard (Secretary), D. Bacchus, Miss E. Boast,

Mrs S.B. Broomfield, E.P. Connell, A.J. Daniels, Miss E. Dyson, Dr M.R. Eddy,

R.F. LeGear, A. Miles, P.E. Oldham, K. Parfitt, Dr A. Richardson, Dr M.C.W. Still,

C.P. Ward, I.M.T. Wigston, S.H. Willis and the Hon. General Secretary.

Finance and Investment Committee

The Hon. Treasurer (Chairman), Mrs S.B. Broomfield, D.A.H. Cleggett,

R. Nelson-Grace, J.D.C. Noble, P.E. Oldham, Dr F.H. Panton

and the Hon. General Secretary.

Library and Muniments Committee

The Hon. Librarian (Chairman), K. Wittwer (Secretary), D.G. Anstey,

E.P. Connell, D.T. Jones, M.A. Perring, R.N. Rolinson, A. Smith,

R.G. Thomas, J. Walters, C.P. Ward, A.G. Webster, the Hon. Curator

and the Hon. General Secretary.

Membership and Publicity Committee

Mrs M.T. Lawrence (Chairman), Mrs S.B. Broomfield (Secretary),

E.P. Connell, Mrs K.H. Kersey, the Hon. Membership Secretary,

the Hon. Excursions Secretary, the Information Officer,

the Assistant Secretary Lectures and the Hon. General Secretary.

Place-Names Committee

P.A. Harlow (Chairman), Mrs A.L. Thompson (Secretary),

Dr P. Cullen (Academic Advisor), Mrs Z. Bamping, E.P. Connell,

Mrs M.T. Lawrence, A. Lister, Miss E. Melling, C.P. Ward, K. Wittwer

and the Hon. General Secretary.

Publications Committee

Prof. D. Killingray (Chairman), Dr J.M. Gibson (Secretary),

Dr C.W. Chalklin, Dr P.H.G. Draper, Dr M.R. Eddy, Ms E.A. Finn,

Miss E. Melling, Dr F.H. Panton, Ms. D. Saunders, Dr J. Thirsk,

the Hon. Editor, the Hon. Treasurer and the Hon. General Secretary.