## **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**<br>**£**<br>TURNOVER & GRANTS<br>69595<br>Operating Expense                                    -20554<br>Museum Development Expenses<br>-17442<br>Building repairs & maintenance<br>-3652<br>Administrative expenses<br>-5626<br>______<br>______<br>OPERATING PROFIT/(LOSS)<br>22321<br>Interest Receivable<br>0<br>______<br>PROFIT/(LOSS) ON ORDINARY<br>ACTIVITIES BEFORE TAXATION<br>22321<br>Depreciation on Fixed Assets<br>0<br>______<br>PROFIT/(LOSS) ON ORDINARY<br>ACTIVITIES AFTER TAXATION<br>22321<br>Balance brought forward<br>30714<br>Balance carried forward<br>53035<br>=====|**2020**<br>**£**<br>37715<br>-17914<br>-22275<br>-1450<br>-4495<br>______<br>-8419<br>0<br>_____<br>-8419<br>0<br>______<br>-8419<br>39133<br>30714<br>====|**2019**<br>**£**<br>30919<br> -6794<br> -8796<br> -7928<br>-2854<br>4547<br>0<br>______<br>4547<br>0<br>______<br>4547<br>34586<br>39133<br>====|
|---|---|---|



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<br>CURRENT ASSETS<br>Debtors<br> <br>Cash at Bank and in hand<br> <br> <br>CREDITORS:<br>Amounts falling due within one year<br>NET CURRENT ASSETS<br> <br>TOTAL ASSETS LESS CURRENT LIABILITIES<br>RESERVES<br>Income and Expenditure Account<br> <br> <br>MEMBERS’ FUNDS<br>|**2021**<br>**2020**<br>£<br>£<br>0<br>0<br> 53035<br>30714<br> 53035<br>30714<br>0<br>0<br> 53035<br>30714<br> 53035<br>30714<br> 53035<br> 30714<br>_____<br>_____ <br> 53035<br> <br>30714|**2019**<br>£<br>0<br>39133<br>39133<br>0<br>39133<br>39133<br>39133<br>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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