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2020-10-31-accounts

Page
Charity information
Trustees'
Annual
Report
Statement
ofdirectors'		 responsibilities 12
Independent
Accountant's		 Report 13
Funds Statements:-
Statement
of Financial		 Activities 14
Statement
of Financial		 Activities - Prior Year statement 15
Movements
in funds		 16
Revenue
Funds		 16
Income and Expenditure account 17
Summary
of funds		 16
Balance sheet 18
Notes to the accounts 19

more fully detailed
in the accounts,		 can be summaris ed
as follows:-
2020 2019
Net income/(expenditure) 1,796 (5,731l
Unrestricted
Revenue
Funds available
general purposes
of the charity		 for the 7,542 12,739
Designated
Fixed Asset funds
Restricted
Fixed Asset Funds		 2,500
Restricted Revenue
Funds		 42,819 38,814
Total Funds 53,349 51,553

~Rp Current year
Ullrestrlc ted		 Current year
Restricted		 Current year
Total Funds		 Prior Year
Total Funds
Funds Funds
2020 2010
r. r.
Income 8 Endowments from:
Donations
&Legacies		 A1 10,061 7,463 17,524 25,707
Charitable
activities		 A2 921 921 6,097
Other trading
activities		 A3 1,010 11010 790
Investments A4 245 245 38
Total income A 12237 7,463 19,700 32,632
Expenditure
on:
Charitable
activities		 B2 14,275 3,629 17)904 38,363
Total expenditure 14,275 3,629 17,904 38,363
Net income/(expenditure) for the year (2,038) 3,&34 (5,731)
Net income after transfers A-8-C (2,038) 3,834 1,796 (5,731)
Net movement
in funds		 (2,038) 3,834 1,796 (5,731)
Reconciliation
of funds:-
Total fun'ds
b'ro'u'ght		 fo'r'war'd 12,739 38,814 51,553 58,284
Total funds carried forward 10,701 42,648 53,349 52,553

Hinckley and Dis
paragraph
4.2of		 trict Museum
the SORP		 CIO- An alysis of prio r year total funds, as re
Prior Year Prior Year Prior Year
SORP
Ret		 Unrestricted Restricted Total Funds
Funds Funds
2019 2019 2019
r. r.
Income from:
Donations 8 Legacies A1 13,323 15,846 25,707
Charitable
activities		 A2 5,950 6,097
Other trading
activities		 A3 912 790
Investments A4 31 38
Total Income 20,216 15,846 32,632
Expenditure
on:
Charitable
activities		 EI2 16,744 4,387 38,363
Total expenditure 16,744 4,387
Net expenditure
for the year		 3,472 11,459 (5,731)
Transfers
between funds		 (1,433) 1,433
Net Income after transfers 2,039 12,892 (5,731)
Net movement
in funds		 2,039 12,892 (5,731)
Reconciliation
offunds:-
Total funds brought forward 14,922 43,362 58,284
Total funds carried forward 16&$61 56,254 52,553

2020 2019
Funds generated in the year as detailed in the SOFA 1,796 {5,731)
Resources
applied		 on functional fixed assets (3,879)
Net resources available to fund charitable activities ~2,083) {5,731)
Movements
in revenue		 and capital funds for the year ended 31 October 2020
Revenue accumulated funds Unrestricted Restricted Total Last year
Funds Funds Funds Total Funds
2020 2020 2020 2019
Accumulated
funds brought		 forward 12,739 38,814 51,553 58,284
Recognised
gains		 and losses before transfers (2,038) 3,834 1,796 (5,731)
10,701 42,648 53,349 52,553
To Restricted
Funds		 (171) 171
To Fixed Asset funds (2,988) (2,988)
Closing revenue funds 7,542 42,819 50,361 52,553
Fixed asset funds Designated Restricted Total Last year
Funds Funds Funds Total Funds
2020 2020 2020 2018
K
At 1 November
Transfer
(to)/from		 revenue funds 488 2,500 2,988
At 31 October 488 2,500 2,988
Summary of funds Unrestricted Restricted Total Last Year
and Funds Funds Total Funds
Designated
funds
2020 2020 2020 2019
6 r. r.
Revenue accumulated funds 7,542 42,819 50,361 52,553
Fixed asset funds 488 3,500 3,988
Total funds 8,030 46,319 54,349 52,553

2020 2019
Income from operations 19,455 32,594
Investment
income
Interest receivable 38
Gross Income In the year before exceptional items 19,700 32,632
Gross income in the year including exceptional items 19,700 32,632
Expenditure
Charitable
expenditure,		 excluding depreciation and amortisation 17,745 38,248
Depreciation
and amortisation		 159
Governance
costs		 115
Realised losses
on disposals
of social investments		 which are programme related
Total expenditure
in		 the year 17,904 38,363
Net Income before tax In the financial year 1,796 (5,731)
Tax on surplus
on ordinary
activities
Net income after tax in the financial year 1,796 (5,731)
Retained surplus
for		 the financial year 1,735 ~5,737
AII activities derive from continuing operations

These accounts show comparative These accounts show comparative figures and figures up to 7th April 2020 for figures and figures up to 7th April 2020 for figures and figures up to 7th April 2020 for figures and figures up to 7th April 2020 for figures and figures up to 7th April 2020 for the previous company
limited
by guarantee		 and subsequently from 7th April 2020 for the period when it was a ClG with all
figures amalgamated
into one set of		 accounts as the entity is a continuing
one,		 abeit with a changed
legal structure.
SORP
Note Ref 2020 2019
Fixed assets A
Tangible assets 10 A2 4,782 1,062
Current assets B
Stocks B1 496 468
Debtors 12 B2 2,070 2,318
Cash at bank and in hand B4 49,183 49,959
Total current assets 51,749 52,745
Creditors: amounts
one 'year		 falling due within 13 C1 ~(3,182 2,254
Net current assets 48,567 50,491
The total net assets ofthe charity 53,349 51,553
The total net assets ofthe charity are funded by the funds ofthe charity, as follows:-
Restricted funds
Restricted Revenue Funds 17 D2 42,819 38,814
Restricted
Fixed Asset Funds		 17 D2 2,500
45,319
Unrestricted
Revenue
Funds		 17 D3 7,542 12,739
Designated
Fixed Asset Funds		 17 D3 48&
Total charity funds 53,349 51,553

Net surplu s
 before tax in the financ ial year
2020 2019
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 159

Trustees' expenses
2020 2019
The amount reimbursed to trustees 18
One trustee was reimbursed parking expenses In POt9.
Deferred Income - Unrestricted and Designated funds
Opening Released Received Deferred
Deferrale from prior less released at year end
years ln year
Covid grant in advance 988 988
Total 988 988
2020 2019
These deferrals are included in creditors 988
The amount reimbursed
to trustees
One trustee was reimbursed
parking		 expenses In POt9.

Tangible fixed assets
Land and
Buildings		 Plant &
Machinery		 Motor
Vehicles		 Total
cost
At 1 November 2019 27,509 27,509
Additions 3,879 3,879
At 31October 2029 31,388 31,388
Depreciation
At
1 November 2019		 26,447 26,447
Charge for the year 159 159
At 31 October 2020 26,606
Net book value
At 31 October 2020 4,782 4,782
At 31 October 2019 1,062 1,062

11 Stocks &Wo rk in Progre ss 2020 2019
Stocks before write downs 468
496 468
Analysis ofthe carrying value ofstocks and work in progress by activities
Stocks
2020 2019
Activity
Main charitable
activity		 468
12 Debtors
2020 2019
Trade debtors 225
Prepayments and accrued income 1,845 2,318
2,979 2,318

Hinckley and District M Hinckley and District M useum
CIO		 useum
CIO
Notes to the Accounts for the year ended 31October 2020
13Creditors: amounts
falling due within		 one year 2020 2019
'Z
Trade creditors 2,050
Accruals 2,194
Deferred
Income - Unrestricted		 &designated funds 988
PAVE, NIC VAT and other taxes 204
3,182 2,254
14 Income and Expenditure account summary 2020 2019
li:
At 1 November 2019 52,553 58,284
Surplus/(loss) after tax for the year 1,796 (5,731)
At 31October 2020 54,349 53553
15 No related party transactions
At 31October 2020 At 31October 2020 Unrestricted Designated Restricted Total
funds funds funds Funds
F.
Tangible Fixed Assets 1,794 488 2,500 4,782
Current Assets 9,101 42,fr48 51,749
Current Liabilities (3,182) (3,182)
7 7'l3 4SS 4574S 53349
At 1 November 2019 Unrestricted Designated Restricted Total
funds funds funda Funds
E
Tangible Fixed Assets 1,062 1,062
Current Assets 13,931 38,814 52,745
Current Liabilities (2,254) (2,254)
12,739 38,814 51,553

Funds brought Funds brought Movement
In		 Funds carried
forward from funds in 2020 Transfers forward to
2019 between 2021
funds in 2020
See Note 18
Unrestricted
and designated		 funds:-
Unrestricted
Revenue		 Funds 12,739 (2,038) (3,159) 7,542
Designated
Fixed Asset		 Funds 488 488
Total unrestricted
and		 designated funds 12,739 (2,038) (2,671) 8,030
Restricted funds:-
Restricted
Fixed Asset		 Funds 3,391 3,391
George Ward Fund 200 200
G.Sellar Fund 500 500
Other grant
and donation		 funded activities 133 (304)
Sctieef Transport
Fund		 250 250
Building Maintenance Fund 3,803 (891) 2,912
Ada Lovelace Exhibition 304 304
Building
Fund Appeal		 36,016 550 36,566
Memory Box Fund 615 615
Dusplay cases fund
Summer
Events Fund		 1,000 1,000
Children's
Activity Fund
MDEM Covid 19fund		 100 519 100
~519
Total restricted funds 38,814 4,353 2,671 45,838
Total charity funds 51,553 2,315

Analysis of movem en ts in fu nds ove r the year:-
Other
Income Expenditure Gains & Movement
Losses in funds
2020 2020 2'020
Unrestricted
and desig'ni ted fuiids:-
Unrestricted
Revenue		 Funds 12,237 (14,275) (2,038)
Restricted funds:-
Other grant
and ddnatio'n		 funded actiVities (304) {304)
Display cases fund 2,500 (2,500)
Buitding Maintenance Fund 3,803 3,803
Ada Loveiace Exhibition 304
Bui1ding Fund Appeal 550
MDEM Covid 19fund 306 (825) (519)
10,700 ~(17,004 1,796
18 Details oftransfers between funds in the year as shown in Note 17
The transfers
shown		 in note 17above are:- 2020
L
Transfe'rs
fr'6m unrestricted		 funds (3,159)
Transfers
to Restricted		 Funds to cover deficits on restricted funds. 171
Transfers
to Designated		 Fixed Asset funds 488
Transfers
to Restricted		 Fixed Asset funds 2,500

The purposes
f		 The purposes
f		 The purposes
f		 or which th or which th or which th e funds as detailed
in note 17are held by the charity are:-
Unrestricted alt designated tuads-
These funds are held for the meeting the objectives of the charity,
and		 to
Unrestricted
Revenue		 Funds provide reserves
for future activities, and, subject to charity legislation,		 are
free from all restrictions
on their use.
Restricted funds:-
Restricted Revaluation Reserve This fund represents
the restricted
surplus
arising
on the revaluation
charity's assets.		 of the
This fund is restricted to consultancy
fees and associated costs for the
project looking at the museum's
governance,
sustainability,
audience
development,
and options for the future development
of the museum		 site
as agreed with the National
Lottery Heritage
Fund. There is a liabilty		 to
Resilient Heritage Grant from National provide matched
funding
from the charity's
own resources
of up to E3,000.
Lottery To meet this obligation,
E1,432 has been transferred
from the Building
Fund to the Heritage
Fund, and it is anticipated
that a further transfer
f338will be required
in the year ended 31st October 2020.		 of
Building Fund Appeal Fund for future
building
works.
Sandford Sail Education Fund Fund for purchase
of craft items.
George Ward Fund Funds for a memory
box project on the boot and shoe industry
MDEM Covid 19fund This fund is for resources
for putting
in place a covid-19 safe environment
for visitors once the museum
re-opens
Continuing
fund for 'Resilient
Heritage
project on governance,
sustainability,
audience
development
and site enhancement,
the grant		 is to
Resilient Heritage Fund cover consultancy
fees and associated costs. The project is due to be
completed
in 2020.
School Transport Fund Fund for school visit transport
use
G Sellar fund Funds for the purchase
of new display cabinet.
Children's Activity Fund Fund for children's
activity resources for summer
events
New Heating
Fund		 To fund the supply and fitting of new electric heating
radiators
in the
museum
s main gallery
To fund a consultant
and artist to facilitate craft workshops
to produce
Memory Box Fund resources for 'Memory Boxes' to be loaned for use in care home and
educational
settings.
Summer Events Fund To fund resources
for the summer
holiday events at the museum

Current Current year Current year Current year Prior Year
tlnrestrlcted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020
r.
Donations and gifts from individuals
Small donations individually less than 21000 2,447 2,447 3,966
Unifdentified donation 1,790 1,790
C Trigg 1,000 1,000 2,000 1,000
P Lindley 2,500 2,500
K Laidlaw 1,000 1,000
R and C Wessell 1,000 1,000
Donations less than 81000 for Buliding Fund 1,353 1,353 1,863
Total donations and gifts from Individuals 5,237 6,853 12,090 6,829
included in the comparative figure of R6,829 were restricted items of R1,996
Revenue grants from government
and public bodies		 Revenue grants from government
and public bodies		 Revenue grants from government
and public bodies
National
Lottery Heritage
Fund		 7,160
Hinckley 8 Bosworth Borough Council
Community
Initiative
Fund )		 (Hinckley 304 2,979
Total public sector revenue grants 10,139
All the comparative
items of R10,139were		 restricted
Revenue grants and donattons
trorn		 non public bodtes
G.Sellar &Co Ltd 500
Hinckley
Rotary Club		 250
Museum
Development
East Midlands		 Covid 19 306 306
grant
'jiCS Commissionirig 3,170
Leicestershire
and Rutland
Community		 Foundation 1,000
George Ward Charitable
Trust		 1,500 1,500 1,500
Total private sector revenue grants 1,500 306 1,806 6,420
Membership
subscriptions
as donations		 2,085 2,085 1,925

Gift Aid
HMRC Tax refunds 1,239 1,23tt 39.4
Total Gift Aid 1,239 1,239 394
All the comparative items were unrestricted.
Total Donations and Legacies A1 10,061 7,463 17,524 25,707
21 Income from charitable activities - Trading Activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
I'.
Primary purpose and ancillary trading
Sale ofgoods and services
charity's objects		 in accordance with the 724 724 613
Admission
fees- Exhibitions		 and galleries 2,358
Publications 197 197 420
100Club 946
Heritage bus tour
1,680.
Educational
activities		 80
Total Primary purpose and ancillary trading 921 921 6,097
Ail the comparative items were unrestricted.
22 Total Income from charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
I'.
2020 2020 2020 2019
Total income from charitable trading 921 921 6,097
Total from charitable activities 921 921 6,097
Ail the comparative
items were unrestricted.

Current year Current year Current year Prror Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
Talks 30 30 180
Income from fundraising events 980 980 96
Tea rooms 514
Total from other activities 1,010 1,010

Current year Cunent year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
R
Bank Interest Receivable 245 245
Total investment income 245 245

Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2019
Marketing and advertising of charitable services 480
100Club 343 345
Talks programme 30 200
Sandford Sail Education 59
Other grant and donation funded activities 3,629 3,629
Memory Box Project 1,355
Summer
Events		 1,100
Collection care 209
Exhibitons 758 81
Total direct spending B2a 1,131 3,629 4,760 3,829

Current year year Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2019
6 9 9
Stock movement 216
Stock purchases 245 245 520
Hinckley
Historian
Costs		 149 149 189
Tea room expenses 404
Heritage bus hire 1,350
Total charitable
trading costs		 B2b 394 2,679
Ail the comparative
items were unrestricted.
27 Support costs for charitable activities
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
f
Premises Expenses
Rates and water charges 180 180 365
Light heat and power 4,316 4,316 3,526
Premises
repairs, renewals
and maintenance		 1,087 1,087 4,196
Administrative
overheads
Telephone,
fax and internet		 336 336 390
Postage, Stationery
and printing		 390 390 616
Information
and publications		 16 16
Membership
subscriptions		 420
Equipment
expenses		 68
Software licences and expenses 90
Liability,
property
and contents		 insurance 4,557 4,557 2,988
Sundry expenses 12? 127
Equipment,
repairs, expenses
and maintenance		 146 146 173
Professional fees paid to the Auditor or Independent Examiner In addition to audit and
examination
fees
As detailed
in Note 28		 1,680
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than examination
audit fees		 or 1,368 1,368
Companies
House fees		 13

Consultancy
fees		 17,283
Support costs for charitable activities (continued)
Financial costs
Depreciation
& Amortisation		 in total for the 159 159
Support costs before reallocation B2d 12,750 12,750 31,740
Total support costs 12,750 12,750 31,740
Included
in the comparative		 figure ofF31,740 were restricted items of f20,390
The basis of allocation
ofcosts		 between activities is described under accounting policies
28 Other Expenditure
-Governance		 costs
Current year Currant year Current yaaf Prior Year
Unrestricted Restricted Total Funds Total Funds
Funda Funds
2020 2020 2020 2019
f
Independent
Examiner's		 fees 100
Room Hire for AGM 15
Total Governance costs B2e 115
Professional fees paid to the Auditor or Independent Examiner in addition to audit and
examination
fees
2020 2019
Fees paid to the examiner's firm 1,680
Total additional fees included
costs at Note 27		 in support 1,680
29 Total Charitable
expenditure
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2020 2020 2020 2019
E
Total direct spending B2a 1,131 3,629 4,760 3,829
Total charitable
trading		 costs B2b 394 394 2,679
Total support costs B2d 12,750 12,750 31,740
Total Governance
costs		 B2e 115
Total charitable
expenditure		 B2 14,275 3,629 17,904 38,363