2020-12-31-accounts - The Merchant's House (Marlborough) Trust

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		Page
Report ofthe Trustees		1 to	6
Report ofthe Independent Auditors		6 to	9
Statement of Financial Activities		10
Statement of Financial Position
Notes to the Financial Statements		12 to	21
Detailed Statement of Financial	Activities	22 to	23

						2020	2019
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds f	funds 6	l'undsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies				13(037	5,000	18,037	29,622
Chat'itable activities
Grants				5,878		5,878
Other trading activities			3	74,478		74,478	76,879
Investment income			4	45,444		4S,444	45,675
Total				138(837	5,000	143,837	152,176
EXPENDITURE ON
Raising funds				8,276		8,276	6,312
Charitable activities
House restoration, purchase	of furnishings,
and education				103,673	4(117	107(790	111,907
Total				111,949	4,117	116,066	120,219
NET INCOME				26,888	883	27,771	31,957
RECONCILIATION OF FUNDS
Total funds brought forward				710,196	52,166	762,362	730,405
TOTAL FUNDS CARRIED	FORWARD			737,084	53,049	790,133	762,362

						2020	2019
				Unrestricted	Restricted	Tote I	Total
				funds	funds	funds	funds
			Notes	6		5
FIXEDASSETS
Tangible assets Investments			9 10	546,266 20,'010	46,901	593,167 20,010	603,576 10
				566,276	46,901	613,17'7	603,586
CURRENT ASSETS
Debtors Cash at; bank and	In hand		11	20,387 163,888	6I148	20,387 170,036	63,796 104,287
				184,275	6,148	19Q,423	168,083
CREDITORS
Amounts falling due within		one year	12	(13,467)		(13,467)	(9,307)
NET CURItENT ASSETS				170,808	6,148	176,956	158,776
TOTAI. ASSETS	LESS CURRENT
LIABILITIES				737,084	53,049	790,133	762,362
NET ASSETS				737,084	53,049	790„133	762,362
FUNDS			13
Unrestricted funds:
General fund Designated fund						94,251 642,833	111,373 598,823
Restricted funds						737,084 53,049	710,196 52,166
TOTAL FUNDS						790,133	762,362

OTHER TRADING ACTI	VITIE	S
			2020	2019
			6	5
Fundraislng events Admission fees Gift of shop profits			4,121 1,214 69g143	5,629 11,685 59,565
			74,478	76,879
INVESTMENT INCOME
			2020	2019
			E
Property rental income Deposit account Interest			43,268 176	45,456 219
			45,444	45,675
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	Is stated after charging/(crediting):
			2020 6	2019 I
Auditors' remuneration Depreciation - owned assets			2,000 12,517	2,000 16,987
TRUSTEES' REMUNEilATION		AND BENEFITS

The average monthly	number of	em	ployees during the year	was as follows:
					2020	2019
Administrators					1
Events Manager					1	1
Cleaner					1	1
						3
No employees received	emoluments		In excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL				ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				I		I
INCOME AND ENDOWMENTS		FROM
Donations and legacies				15,280	14,347,	29,622
Other trading activities				76,879		76,879
1nvestment income				45I675		45,675
Total				137,834	14,342	152,176
EXPENDITURE ON
Raising funds				8,312		8,312
Charitable activities
House restoration, purchase of
furnishings, and education				93,503	18,404	111,907
Total				101,815	18,404	120,219
NET INCOME/(EXPENDITURE)				36I019	i4,062)	31,957
RECONCILIATION OF FUNDS
Total funda brought	forward			674,177	56,228	730,405
TOTAL FUNDS CARRIED FORWARD				710,196	52,166	762,362

TANGIBLE FIXED ASSETS
	Freehold	frluseum	Leasehold
	property I	equipment I	improv'nts I
COST
At 1)anuary 2020	517r167	56,11S	739,131
Additions
At 31December 2020	517,157	55,115	739,131
DEPRECIATION
At 1)arluary 2020 Charge for year		7,360 3,675	739,131
At 31 December 2020		11,025	739,131
NET BOOK VALUE
At 31 December 2020	517,157	44,090
At 31December 2019	517,157	47,765
		Offic &
	Antiques	computer
	& paintings I	equipment I	Totals I
COST
At 1)anuary 2020 Additions	255,061,	26,909 2,108	1,593,363 2,108
At 31December 2020	255,051	29,017	1r595,471
DEPRECIATION
At 1)anuary 2020 Charge for year	217,928 6rSSO	26r378 1,992	989,787 12,617
At 31December 2020	224,778	27,370	lr002r304
NET BOOK VALUE
At 31 December 2020	30,273	1,647	693,167
At 31 December 2019	37,123	1,531	603,576

FIXEDASSET INVESTMENTS
	Shares in
	group
	undertakings f
COST
At 1)anuary 2020	10
Additions	20,000
At 31December 2020	20,010
NET BOOK VAI.UE
At 31 December 2020	20,010
At 31 December 2019	10

Nature ofbusiness	: Gift	, shop	, ,	,
			'yo
Class ofshare:		holding
Ordinary			100
				2020	2019
				E
Aggregate capital	and reserves			24r820	4,520
During the year, a share		Issue took place for 200	shares at f100per share.
DEBTORS:AMOUNTS		FALLING DUE WITHIN	ONE YEAR
				2020	2019
				E	f.
Amounts owed by group undertakings Other debtors Prepayments and accrued Income				14,773 1,234 4,380	38,977 1,434 3,383
				20,387	63,796

				2020	2019 I
Other creditors				700	1,010
Accruals and del'erred	Income			12r767	8,297
				13,467	9,307
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.1.20	In funds I	I'unds	31,12,20 I
Unrestricted funds
General I'und Designated fund		111,373 598,S23	26,888	(44,010) 44,010	94,251 642,833
Restricted funds		710,196	26,88S		737r084
Antique collections		500			500
Museum Recording History Marlborough drawings Education Town signs		47,934 459 1,564 1,719	(1,033) (459) 1r375		46r901 1,554 1,375 1,719
Museum MTC			1,000		1,000
		52r166	883		53,049
TOTAL FUNDS		762,362	27,771		790r133

Net movement In funds, included In the a	bove are as follows:
	Incoming	Resources	Movement
	resources I	expended I	Irl funds I
Unrestricted funds
General fund	13S,837	(111,949)	26r888
Restricted funds
Audit fee Museum Recording History Education Museum MTC	2,000 625 1,375 1,000	(2,000) (1,033) (1,084)	(1,033) (459) 1,375 1,000
	6,000	(4,117)	883
TOTAL FUNDS	143,837	(116,066)	27,771

Comparatlves fo	r moveme	nt in fu	nds
					Net	Transfers
					movement	between	At
				At 1.1.19 I	In funds I	funds I	31,12,19
Unrestricted funds
General fund				105,881	36,019	(30,527)	111,373
Designated fund				568,296		30,527	598,823
				674I177	36,019		710,196
Restricted funds
Antique collections				500			500
Museum Recording History				48,967 459	(1,033)		47,934 459
Marlborough drawings				1,554			1,554
Town signs				1,719			1,719
Wessex Yeomanry 1st Floor Room	Uniform			1,000 2,029	(1,000) (2,029)
				56,228	(4,062)		52,166
TOTAL FUNDS				730,405	31,957		762,362
Comparative net movement		In funds,	included	In the above	are as follows:
					Incoming	Resources	Movement
					Iesources I	expended 5	In funds
Unrestricted funds
General fund					137,834	(101,815)	36I019
Restricted funds
Audit fee					2,0DD	(z,ooo)
Museum Education					2,000	(1,033) (2,000)	(1,033)
Wessex Yeomanry	Uniform					(1,000)	(1,DDD)
1st Floor Room						(2,029)	(2,029)
Museum MTC					928	(928)
M Gray Appeal					9,414	(9I414)
					14,342	(18,404)	(4,062)
TOTAL FUNDS					152,176	(12D,219)	31,957

A current year 12	menthe and priOr y	ear 12months combine	d positien IS aS	fOIIOWS;
			Net	Transfers
			movement	between	At
		At 1.1.19	In funds	funds	31.12.20
			E		E
Unrestrlctecl funcls
General fund		105,881	62(907	(74,537)	94(251
Designated fund		568,296		74,537	642,833
		674,177	62,907		737,084
Restricted funds
Antique collections		500			500
Museum		48,967	(2,066)		46,901
Recording History		459	(459)
Marlborough drawings		1,554			1,554
Education			1,375		1(375
Town signs		1,719			1,719
Wessex Yeomanry 1st Floor Room	Uniform	1,000 2,029	(1,000) (2,029)
Museum MTC			1,000		1,000
		56,228	(3,179)		53,049
TOTAL FUNDS		730,405	59,728		790,133

			incoming	Resources	Movement
			resources	expended	In funds
			E	E	E
Unrestricted	funds
General fund			276,671	(213,764)	62,907
Restricted funds
Audit fee			4(000	(4,000)
Museum				(2,066)	(2,066)
Recording History Education			625 3,375	(1,084) (2,000)	(459) 1,375
Wessex Yeomanry 1st Floor Room		Uniform		(1,000) (2,029)	(1,000) (2,029)
Museum MTC			1(928	(928)	I(000
M Gray Appeal			9„414	(9,414)
			19,342	(22,S21)	(3,179)
TOTAL FUNDS			296,013	(236,285)	59(728

						Transfer
						from/(to)
					Balance at	unrestricted	Balance at
Purpose	of designation				31,12,2019	fundsf	31.12.2020
Salaries	and other running			costs	15,000	1,500	16,500
Replacements for loaned			furniture		4,250		4,250
Capital projects					23,230	2,500	25,730
Essential	repairs				39,188	20,000	59,188
Buildings	used for charitable			purposes	517,155		517,155
Investment in Trading		Company				20,010	20(010
					598(823	44,D10	642,833

	2020I	2019I
INCOME AND ENDOWMENTS
Donations and legacies
Donations and grants	13,467	24,537
Subscrlptlons	4,570	S,oee
	1S(037	29,622
Other trading activities
Fundraising events Admission fees Gilt ofshop profits	4,121 1,214 69(143	5,629 1i,685 59,565
	74,478	76,879
Investment income
Property rental Income	45(268	45,456
Deposit account Interest	176	219
	45,444	45,675
Charitable activities
Grants	5,878
Total incoming resources	143,837	i52,i76
EXPENDITURE
Other trading activities
Wages	6,984	6,984
Fundralslng event costs	1(292	1,328
	8,276	I3,312
Charitable activities
Employment costs Establishment costs Repairs and maintenance Office expenses Printing, postage and stationery	49,856 8,965 7,924 1,869 4,935	48,326 7,586 8,186 1,888 8,180
Subscripdons and donations	62	149
Sundry and other costs Bank charges	309 41,1	1,827 502
Depn leasehold property improvements Depn of antiques 8( paintings Depn of oNce Ik museum equipment	6,851 5,667	2,855 10(009 4,121
	86,849	93,629

		2020I	2019
Support costs
Management
Employment costs Establishment costs		5,540 654	5,369 843
Repairs and maintenance		880	909
Office expenses Printing, postage and stationery		3,037 548	5,879 909
Subscrlptlons and donations		7	16
Sundry and other costs		170	327
		10,836	14,252
Finance
Bank charges		46
Governance costs
Auditors' remuneration		2,000	2,000
Legal and professional Accountancy fees	fees	7,688 370	1,250 720
		10,059	3,970
Total resources expended		116,066	120,219
Net Income		27,771	31,957