## ## ||||||Page| |---|---|---|---|---|---| |Legal and administrative||information|||| |Trustees annual
report||(including|directors|report)|3-7| |Independent
examiners'||report|||| |Statement
offinancial|activities||||| |Balance sheet|||||10—11| |Notes to the accounts|||||12 —26| ## ## |Address||The Julia Margaret|Cameron|Cameron|Cameron|Cameron|Trust|Trust||| |---|---|---|---|---|---|---|---|---|---|---| |||Dimbola Lodge||||||||| |||Terrace Lane||||||||| |||Freshwater
Bay||||||||| |||Isle ofWight||||||||| |||PO40 9QE||||||||| |Council of|Management|||||||||| |(Trustees)||B Hinton
MBE (Chairman)||||||||| |||J Giddings||||||||| |||R Simmonds||||||||| |||JWhite (resigned|27|October|||2021)|||| |||D White||||||||| |||J Peters||||||||| |||F Richter (Appointed||17September 2020, resigned 19April 2021)||||||| |||I Dickens (Appointed
J Orchard
(Appointed||17September 2020, resigned 28 July 2021)
17September 2020, resigned 4August 2021)||||||| |||ECook (Appointed|17September 2020)|||||||| |||J Osbourne
(Appointed|||28 July|||2021)||| |Secretary||R Simmonds||||||||| |Governing|Instrument|Memorandum
8 Articles|||ofAssociation||||—16March1993 (amended|11January 2013)| |Charitable Status||The Trust isa registered||||charity||No. 1026339||| |Company Status||The Trust isa limited||company||||No. 02800174||| |Bankers||The Co-operative|Bank|||||||| |||Stockport, Cheshire||||||||| |||National
Westminster||Bank Pic||||||| |||Newport||||||||| |||Isle ofWight||||||||| |Accountants||Moore (South) LLP||||||||| |||9StJohns Place||||||||| |||Newport||||||||| |||Isle ofWight||||||||| |||PO30 1LH||||||||| |Solicitors||Robinson Jarvis &|Rolf|||||||| |||18Melville Street||||||||| |||Ryde||||||||| |||Isle ofWight||||||||| |||PO33 2AP||||||||| ## ## ## ## |The Trustees who served
during the financial y|ear were:|||| |---|---|---|---|---| |8 Hinton
MBE (chairman)|J Osbourne|(Appointed||November 2021)| |G Downey-Middleton
(resigned 16/05/2019)|J Giddings|||| |RSimmonds|D White|||| |JWhite (deceased early 2022)
J Orchard
(Appointed
17September 2020)|J Peters|||| |I Dickens (Appointed
17September 2020)|E Cook (Appointed||17|September 2020)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Un-Restricted|||| |---|---|---|---|---|---|---| ||||and Designated|Restricted|Total|Total| ||||Funds|Funds|Funds|Funds| ||||2021|2021|2021|2020| |||||||Restated| |||Notes|6|||E| |Income and endowments|from:|||||| |Donations
and legacies|||177,311|2,500|179,811|140,464| |Income from other trading|activities:|||||| |Fund raising activites|||38,634||38,634|60,179| |Investment
income|||12||12|39| |Income from charitable
activities|||15682||15682|45 858| |Total income and endowments|||231,639|2,500|234,139|246,540| |Expenditure
on:||||||| |Costs of raising funds||5|4,673|2,500|7,173|23,013| |Charitable
activities:||||||| |Operation
of Dimbola||||||| |Museum
and Galleries||5|130569||130569|121259| |Total expenditure|||135,242|2,500|137,742|144,272| |Net income/(expenditure)|for the year||96,397||96,397|102,268| |Gain/(losses)
on revaluation||offixed assets|62,600||62,600|250,400| |Transfer between funds||||||| |Net movement
in funds|||158,997||158,997|352,668| |Reconcilation
offunds:||||||| |Total funds brought
forward|at|1 February 2020|927,500||927,500|574,832| |Total funds carried forward|at 30June 2021||1,086,497||1,086,497|927,500| ## ## |AS AT 30JU|NE 20|21|||||| |---|---|---|---|---|---|---|---| ||||||2021||2020| ||||||||Restated| ||||Notes||||| |Fixed assets|||||||| |Tangible assets|||8||479,935||357,123| |Heritage assets|||9||33,612||33,612| |Investment|properties||10||573,000||510,400| |Investments|||11||1||1| ||||||1,086,548||901,136| |Current assets|||||||| |Gift shop stock||||1,500||1,500|| |Debtors|||12|60,685||29,723|| |Cash at bank in hand||||3056||53592|| |||||65,241||84,815|| |Current
liabilities|||||||| |Creditors: Amounts||falling due within|||||| |one year|||13|30750||19817|| |Net current assets|||||34,491||64,998| |Long term liabilities|||||||| |Loans|||14||34542||38634| |Net assets|||||1,086,497||927,500| |Funds|||||||| |Restricted|||17||||| |Unrestricted|||15||1 086497||927500| ||||||1,086,497||927,500| ## ## ## ## ## ## ## ## ## ## ## ## |ofeach asset on a|systematic
basis|over its expected
useful
life| |---|---|---| |Freehold premises||2'/0 straight
line| |Heritage museum|exhibitions|n/a —see below| |Freehold property||2'/0 straight
line| |Investment
property||n/a —see below| |Website and IT||20'/0 straight
line| |Fixtures and fittings||15'/0 reducing
balance| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Income fro|m donat|ions
and legacies||||| |---|---|---|---|---|---|---| ||||Un-|||| ||||Restricted|Restricted|Total|Total| ||||Funds|Funds|Funds|Funds| ||||2021f|2021
6|2021
F|2020f| |Grants|||71,013|2,500|73,513|| |Donations|including|Gift Aid|102,000||102,000|136,103| |Friends contributions|||4298||4298|4 361| ||||177,311|2,500|179,811|140,464| |Income from fund||raising activities||||| |Rental income|||35,353||35,353|36,858| |Events|||3,281||3,281|3,890| |Room hires||||||1,090| |Gilt Shop income||||||18341| ||||38,634||38,634|60,179| ## ## |Income from charitable
activities||||| |---|---|---|---|---| ||Un-|||| ||Restricted|Restricted|Total|Total| ||Funds|Funds|Funds|Funds| ||2020
6|2020
6|2020f|2021
6| |Admission|14,858||14,858|36,598| |Touring exhibitions
Course fees||||(110)
(35)| |Other|824||824|9405| ||15,682||15,682|45,858| ## ## |FO|R THE PERIOD ENDED 30JUN|R THE PERIOD ENDED 30JUN|E 2021||||| |---|---|---|---|---|---|---|---| |5.|Total expenditure||||||| ||||Costs of|||Total|Total| ||||Generating|Charitable||funds|funds| ||||Funds|activities|Governance|2021|2020| ||||||||Restated| ||||||||6| ||Brochure costs||713|||713|21| ||Staff costs|||46,803||46,803|43,019| ||Exhibition and event costs||6,460|||6,460|33,025| ||Premises|||33,942||33,492|26,205| ||Insurance|||4,993||4,993|4,861| ||Travel|||1,318||1,318|637| ||Telephone
and|internet||1,399||1,399|992| ||Office supplies|||4,986||4,986|3,045| ||Professional|||685||685|501| ||Accounting,
bookkeeping||||||| ||and examination|||7,667|2,000|9,667|6,572| ||Depreciation|||18,228||18,228|7,040| ||Bank charges|||528||528|1,250| ||Loan interest|||892||892|1,111| ||Other and subscriptions|||3,492||3,492|1,338| ||Gift shop|||623||623|14,655| ||Bad debt written|off||3,013||3,013|| ||Allocation ofgovernance|||2,000|(2,000)||| ||||7,173|130,569||137,742|144,272| ## ## |6.|Net incoming/(outgoing)|Net incoming/(outgoing)|resources for the year|resources for the year|||| |---|---|---|---|---|---|---|---| ||Net income / (expenditure)||is stated after charging||/ crediting:||| |||||||2021f|2020| ||Depreciation|||||18,228|7,040| ||Independent
examination|||||2,000|1,080| |7.|Staff and Trustee|Costs|||||| |||||||2021|2020| ||||||||f| ||Wages including
National||Insurance|||46,395|42,723| ||Defined contribution|pension||costs||408|296| |||||||46,803|43,019| |durin|g the ye|ar offN|il (2020 —513|).The|Trust|pur|chased
Trustee insur|ance as part ofacombine|d
packa| |---|---|---|---|---|---|---|---|---|---| |||||||||2021|2020| |The|average|number|ofemployees|dudng|the|year|was:||| ## ## |
FOR THE PERIOD ENDED 30JUNE|
2021|||| |---|---|---|---|---| |8.Tangible fixed assets - restated||||| ||Land and|ITand|Fixtures &|| ||Buildings|Website|Fittings|Total| ||||8|8| |Cost||||| |At 1 February 2020|350,832|4,534|66,913|422,279| |Additions|115634||25406|141 040| |At 30June 2021|466,466|4,534|92,319|563,319| |Depreciation||||| |At 1 February 2020|5,032|4,399|55,725|65,156| |Charge for year|10405|47|7776|18228| |At 30June 2021|15,437|4,446|63,501|83,384| |Net book value at 30June 2021|451,029|88|28,818|479,935| |Net book value at 31 January 2020|345,800|135|11,188|357,123| ## ## |Cost at 1 February 2020||510,400| |---|---|---| |Revaluation
gain/(losses)||62600| |At 31 January 2021||573,000| |Net book value at 31January|2020|510,400| |Net book value at 30June 2021||573,000| ## ## ## ## ## |Summary
profit and los|s accou|nt JMCT Tr|ading
Ltd||| |---|---|---|---|---|---| |||||2021|2020| |||||6|| |Turnover||||87,255|69,476| |Government
grants||||34,827|| |Cost ofsales and administrative||expenses||~145981|~86217| |Operating
profit||||(23,899)|(16,741)| |Retained
in the subsidiary||||(23,899)|(16,741)| |The assets and liabilities ofthe subsidiary|||were:||| |Current assets||||11.323|2,668| |Creditors: amounts
falling|due within one year|||~62 188|~29634| |Total assets less current|liabilities|||(50,865)|(26,966)| |Aggregate
share capital and reserves||||(50,865)|(26,966)| |Rent has been contdbuted|to the|Charity off5,910(2020 —63,380)|||| ## ## ## |FOR|THE PE|RIOD EN|DED 3|0JUNE 2021||| |---|---|---|---|---|---|---| |12.|Debtors|||||| ||||||2021|2020f| ||Sales ledger debtors|||||2,865| ||Amounts
due from subsidiary|||trading company|60865|26 858| ||||||60,685|29,723| |13.|Creditors:|Amounts|falling|due within one year||| ||||||2021|2020f| ||Loans||||4,107|5,820| ||Purchase|ledger creditors|||5,733|6,736| ||Other creditors||||6,235|3,214| ||Accruals and deferred||income||14675|4 047| ||||||30,750|19,817| |14.|Creditors:|Amounts|falling due in more than one year|||| ||||||2021
f|2020
f| ||Otherloans||||34,542|38,634| ## ## ## |||||At||||At| |---|---|---|---|---|---|---|---|---| |||||1 February|Incoming|Outgoing|Transfers|30June| |||||2020|resources|resources|(note 6)|2021| ||||||(inc.gains)|||| ||||||6|||| |General fund||||545,625|231,639|(135,242)|24,917|666,939| |Designated||reserve||24,917|||(24,917)|| |Revaluation||reserve||356958|62600|||419558| |Total unrestricted
Restricted
fund|||funds|927,500|294,239
2500|(135,242)
~2500||1,086,497| |||||927,500|296,739|(137,742)||1,086,497| |Comparative||Movement||in funds - restated||||| |||||At||||At| |||||1 February|Incoming|Outgoing|Transfers|31January| |||||2019|resources|resources|(note 6)|2020| |||||6|(inc.gains)
8|||| |General fund||||439,907|128,540|(142,822)|120,000|545,625| |Designated|reserve|||26,917|118,000||(120,000)|24,917| |Revaluation||reserve||106558|250400|||356 958| |Total unrestricted
Restricted fund|||funds|573,382
1 450|496,940|(142,822)
~1450||927,500| |||||574,832|296,490|(144,272)||927,500| ## ## ## |||||||Unrestricted||Restricted||Total| |---|---|---|---|---|---|---|---|---|---|---| |||||||fund||fund||funds| |||||||F||6||| ||Tangible||fixed|assets||1,086,548||||1,086,548| ||Current||assets|||65,241||||65,241| ||Current
liabilities
Long term liabilities|||||(30,750)
~34 542||||(30,750)
~34542| |||||||1,086,497||||1,086,497| ||Comparative|||Analysis|of|net assets between|funds - restated|||| |||||||Unrestricted||Restricted||Total| |||||||fund||fund||funds| |||||||6||F||6| ||Tangible||fixed|assets||901,136||||901,136| ||Current||assets|||84,815||||84,815| ||Current
liabilities
Long term liabilities|||||(19,817)
~38634||||(19,817)
~38634| |||||||927,500||||927,500| |17.|Restricted
Funds|||||||||| ||The Trust had|||the following||restricted funds at the year end:||||| |||||||At||||At| |||||||1 February|Incoming|Outgoing|Transfers|30June| |||||||2020
6|resources|resources
f|f|2021
5| ||Natural|enterprise|||||2,500|(2500)||| ## ## ## ## ## ## ## |In line with the charities st|atem|ent
of rec|ommended|practice, presented|below is the full|comparative|SOFA| |---|---|---|---|---|---|---|---| |||||Un-Restricted|||| |||||and Designated|Restricted|Total|Total| |||||Funds|Funds|Funds|Funds| |||||2020|2020|2020|2019| ||||Notes|8|||| |Income and endowments|from:||||||| |Donations and legacies
Income from other trading|activities:||2|140,464||140,464|50,967| |Fund raising activites
Investment
income|||3|60,179
39||60,179
39|55,335
33| |Income from charitable
activities|||4|45858||45858|38852| |Total income and endowments||||246,540||246,540|145,187| |Expenditure
on:|||||||| |Costs of raising funds
Charitable
activities:||||23,013||23,013|8,499| |Operation of Dimbola|||||||| |Museum
and Galleries||||119809|1450|121529|98452| |Total expenditure||||142,822|1,450|144,272|106,951| |Net income/(expenditure)|for the year|||103,718|(1,450)|102,268|38,236| |Gain/(losses)
on revaluation||offixed assets||250,400||250,400|| |Transfer between funds|||||||| |Net movement
in funds||||354,118|(1,450)|352,668|38,236| |Reconcilation
offunds:|||||||| |Total funds brought
forward|at|1 February|2019|573,382|1,450|574,832|536,596| |Total funds carried forward|at 31 January||2020|927,500||927,500|574,832|