The Tablet was kind enough to draw attention to the LMS accounts (available on the Charity Commission website) which, in large part as a result of paper losses on investments, showed a loss. It seems appropriate, now that their accounts are available, to point out that they have made a rather larger loss - not on stockmarket fluctuations, but on trading.
In the year ending 2009 the publications (The Tablet and the Pastoral Review) scraped by with a wafer-thin profit; in the year ending 2010 they lost £111,235 (see p17).
Has it been a difficult year, dears? Don't forget that little saw about glass houses, now.
Ht The Muniment Room.