KINGSWOOD HERITAGE MUSEUM TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st ] MARCH 2021
COMPANY REGISTRATION NUMBER 2656497 CHARITY REGISTRATION NUMBER 1006501
| Page | Contents |
|---|---|
| 2-3 | Directors’ Report |
| 4 | Income and Expenditure Account |
| 5 | Balance Sheet |
| 6 | Notes to the Accounts |
| 7 | Statement by Mr M Bendrey |
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KINGSWOOD HERITAGE MUSEUM TRUST DIRECTORS’ REPORTS
FOR THE YEAR ENDED 31[st] MARCH 2021
DIRECTORS:
Lynda Blackwell Alan Bryant Michael Camm William Douglas Muriel Quantrill Rodney Stone Stephen Wood
Company Secretary:
Registered offices:
Michael Camm Kingswood Heritage Museum Tower Lane Warmley Bristol BS30 8XT
Registration number: 2656497
Report to Directors
The Directors present their report together with the Financial Statements of the Company for the twelve months ending 31[st] March 2021
Directors’ Responsibilities
The Directors are required by law to prepare financial statements for each accounting period which give a true and fair view of the state of the Company as at the end of the financial year - 31[st] March 2021. The Directors confirm their responsibility to ensure that appropriate accounting policies have been used and applied consistently, and that reasonable and prudent judgments and estimates have been made in the preparation of the financial statement for the twelve months ending 31[st] March 2021
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Bank Details:
Natwest Kingswood Branch PO Box 205 90 Regent Street Kingswood Bristol BS99 5AE Account number 74598619 Branch Sort Code 60-12-22
Principal Activities
The Company is principally engaged in establishing and running a museum to preserve and promote the heritage of the Kingswood area of Bristol.
Review of Business
Details of the results are set out in the annexed profit and loss account. No events of any significance have taken place since the balance sheet date.
Signed by order of the Directors
Rodney George Stone – Chair
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KINGSWOOOD HERITAGE MUSEUM TRUST Income and Expenditure Account FOR THE YEAR ENDED 31[ST] MARCH 2021
| 2021 £ TURNOVER & GRANTS 69595 Operating Expense -20554 Museum Development Expenses -17442 Building repairs & maintenance -3652 Administrative expenses -5626 __ _ OPERATING PROFIT/(LOSS) 22321 Interest Receivable 0 PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 22321 Depreciation on Fixed Assets 0 ___ PROFIT/(LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION 22321 Balance brought forward 30714 Balance carried forward 53035 ===== |
2020 £ 37715 -17914 -22275 -1450 -4495 __ -8419 0 -8419 0 ___ -8419 39133 30714 ==== |
2019 £ 30919 -6794 -8796 -7928 -2854 4547 0 __ 4547 0 ____ 4547 34586 39133 ==== |
|---|---|---|
The Company has no recognised gains or losses other than the results for the year set out above.
All activities of the Company are classed as continuing
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KINGSWOOD HERITAGE MUSEUM TRUST
Balance Sheet
FOR THE YEAR ENDED 31[st] MARCH 2021
| FIXED ASSETS CURRENT ASSETS Debtors Cash at Bank and in hand CREDITORS: Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and Expenditure Account MEMBERS’ FUNDS |
2021 2020 £ £ 0 0 53035 30714 53035 30714 0 0 53035 30714 53035 30714 53035 30714 _ ___ 53035 30714 |
2019 £ 0 39133 39133 0 39133 39133 39133 39133 |
|---|---|---|
For the year ending 31/03/21 the company was entitled to exemption from audit under Section 477 of
the Companies Act 2006
These accounts have been prepared in accordance with the provisions applicable to companies
subject to small companies regime.
The members have not required the company to obtain an audit in accordance with Section 476 of the
Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with the
accounting records and for the preparation of accounts.
It is the policy of the Trust not to capitalise heritage assets belonging to the Museum. These are in effect inalienable, held in perpetuity and are mostly irreplaceable. Any financially based valuation
would be misleading to the value and significance of the material culture involved.
The Trust has a clear duty of care of these assets and to make them available for the enjoyment and education of the public as far as possible, commensurate with their long term care and preservation. The highest possible standards of collection management are applied, and the catalogues are made available as widely as possible to facilitate all enquiries and requests for information, subject to
appropriate security and data protection guidelines.
These financial statements were approved by the directors on
and are signed on their behalf by:
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………………………………………………………….…….
RODNEY GEORGE STONE
KINGSWOOD HERITAGE MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] MARCH 2021
ACCOUNTING POLICIES
The Financial Statements have been prepared under the historical cost convention.
Cash Flow Statement - The directors have taken advantage of the exemption in Financial Reporting Standards No 1 from including a cash flow statement in the financial statements on the grounds that the Company is small.
Turnover - comprises of grants and other income received in the period
RING-FENCED GRANTS
These Grants remain for the specific purpose and are therefore ring-fenced so that correct income and correct expenditure can be proven to the donors: £7201 (2019 – nil).
| INTEREST RECEIVED | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Building Society Interest | 0 | 0 | 0 |
CREDITORS: Amount falling due within one year
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Loan Received | 0 | 0 | 0 |
| Sundry Trade Creditors | 0 | 0 | 0 |
COMPANY LIMITED BY GUARANTEE
To the Trustees and Members of KINGSWOOD HERITAGE MUSEUM TRUST:
The Company is limited by guarantee. The liability of each trustee is limited to £1.
The Company is not required to have an audit or reporting accountants report on these accounts, but the Directors have decided they want an independent examination carried
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out. This report is therefore produced on a non-statutory basis but based on the directions for Independent Examiners issued by the Charity Commission.
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To the Trustees and Members of KINGSWOOD HERITAGE MUSEUM TRUST
I have examined the statements, vouchers and books made available to me and in my opinion the Receipts & Payments Account for the year ended 31 March 2020 presented shows a true and fair statement of the receipts and payments of the Kingswood Heritage Museum Trust for the year ended on that date and of the excess of receipts over payments for the period then ended of £8,418.87.
The balance carried forward is represented by a reconciled balance on current account at the Natwest Bank of £30,714.03 and the documents presented to me are consistent with that balance. There was no cash-in-hand at the end of the period.
Michael Bendrey
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