**Charity Registration No. 1032032**
**Company Registration No. 02869264 (England and Wales)**
## **THE LIVING ARCHIVE PROJECT**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **THE LIVING ARCHIVE PROJECT**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** R Kitchen L Bancroft D Bruce H Griffin P Hollman R Excell M Ferns A Sidgwick M Hill S Ralph S Amoah (Appointed 20 July 2020) L Bedeau (Appointed 1 January 2021) V Holton (Appointed 1 January 2021) **Charity number** 1032032 **Company number** 02869264 **Registered office** Milton Keynes Museum McConnell Drive Wolverton Milton Keynes Buckinghamshire MK12 5EL **Independent examiner** Hills & Burgess 20 Bridge Street Leighton Buzzard Bedfordshire LU7 1AL
## **THE LIVING ARCHIVE PROJECT**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Statement of trustees' responsibilities|5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 16|
## **THE LIVING ARCHIVE PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees present their report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The principle objects of the board are archival activities and to advance public education by fostering, promoting and co-ordinating the development of the artistic and educational interpretation of documentary material.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **THE LIVING ARCHIVE PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **Achievements and performance**
## _**Accommodation**_
LAMK is still located in two separate rooms at MK Museum: the Training Centre for volunteers and adult learners; and an office for administration and research. We have a three-year agreement with MK Museum to use its store. Despite a continuing issue with storage, LAMK has maintained its full work output.
_Discover Milton Keynes_ has continued in MK Central Library.
LAMK has continued to benefit from the goodwill and support of MK Museum colleagues, staff and volunteers and LAMK continues to look forward to creating mutually beneficial projects to serve the people of Milton Keynes .
## _**Staff**_
- _Melanie Jeavons_ continued as General Manager.
- _Rachel Chapman_ continued as Administrator
- _Herbert Booth_ continued as Archive and Volunteer Officer
Other members of staff were appointed as project officers funded by the grant providers of a specified project.
## _**Projects**_
This year has been overshadowed by the Covid 19 pandemic. In spite of that LAMK has carried out a number of successful projects.
- _Heritage Open Days:_ Now in its eighth year under LAMK management, this borough-wide project followed last year’s highly successful operation with a festival in September 2020. In spite of Covid 19 restrictions there were more than 3500 visitors 96 events.
- _Lockdown Lives:_ More than 80 remote video interviews were conducted with a wide variety of people throughout Milton Keynes recounting their lockdown experiences. Some of the material was used in a collaborative project with MK Arts Centre called _Ephemeral Lives._ Extracts from some interviews were edited into a 30 minute film which formed part of an exhibition at the MK Gallery's Project Space.
- _Sir Henry-Aubrey-Fletcher tribute:_ to mark the retirement of the Lord Lieutenant of Buckinghamshire, LAMK was commissioned to produce a book and film.
- _VE Day project:_ Terri Howey of Act Out was employed to work with young people on this HLF funded project using LAMK's 2nd World War archive to create a performance and songs to mark the 75th anniversary of VE Day. Covid 19 restrictions hampered the progress of this project and original plans for a performance were changed to the production of a film which will be premiered in late 2021.
- _Saxon Court memories:_ LAMK was commissioned by the developers of the Saxon Court project to produce a short film of people's memories of working in and visiting Saxon Court.
- _Homeworld '81 anniversary:_ LAMK was commissioned to produce a 45 minute film to commemorate the 40th anniversary of the ground-breaking housing exhibition. Interviews were carried out with some of the key people involved in planning and creating the exhibition. It was premiered online in May 2021.
- _Open University collaboration_ to collect stories of the census.
- _MK Trails App:_ Three more trails was added to this LAMK app.
- _Website development:_ This continued with Facebook, Twitter, Vimeo and You-Tube enhanced with volunteer contributions.
- _Sales:_ A steady flow of sales both online and at events have supplied some profit.
- _LAMK Volunteers_ - who include the members of the Board, continued to work to deliver what is the essence of our work - 'Everybody has a story to tell' - so that we can support community cohesion in neighbourhoods across the Borough of Milton Keynes and protect a more precious commodity - its heritage and pride of place.
- Normally the busiest days at MK Museum site are Tuesdays and Thursdays, when volunteers scan images, research for current projects and transcribe oral history and interviews. Covid 19 restrictions obviously meant that these sessions could not take place, but volunteers have been very active from home, especially in the transcription of oral history interviews and in cataloguing and expanding the online digital archive.
- 2 -
## **THE LIVING ARCHIVE PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## _**LAMK Trustees/Directors**_
Roger Kitchen continued as Chair. Poppy Hollman and Robert Excell continued as Vice Chairs. Ann Sidgwick continued as Honorary Treasurer .
Elizabeth Bancroft, David Bruce, Martin Ferns, Helaine Griffin, Marion Hill and Sarah Ralph continued as Trustees. Sas Amoah, Lincoln Bedeau and Victoria Holton joined as new Trustees.
Mel Jeavons continued as Company Secretary
The Directors approved the LAMK Business Plan for 2019-2022. The Board Subcommittee continued regular meetings online throughout this time, monitoring developments and preparing strategic options for the main Board.
## **Financial review**
The results for the year are set out on page 7.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a company limited by guarantee .
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
R Kitchen L Bancroft D Bruce H Griffin P Hollman R Excell M Ferns A Sidgwick M Hill S Ralph S Amoah (Appointed 20 July 2020) L Bedeau (Appointed 1 January 2021) V Holton (Appointed 1 January 2021)
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
- 3 -
## **THE LIVING ARCHIVE PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees' r eport was approved by the Board of Trustees.
## **R Kitchen**
Trustee Dated: 24 August 2021
- 4 -
## **THE LIVING ARCHIVE PROJECT**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
The trustees, who are also the directors of The Living Archive Project for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 5 -
## **THE LIVING ARCHIVE PROJECT**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LIVING ARCHIVE PROJECT**
I report to the trustees on my examination of the financial statements of The Living Archive Project (the charity) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jane Roberts BA(Hons) FCA
Chartered Accountant Hills & Burgess 20 Bridge Street Leighton Buzzard Bedfordshire LU7 1AL
Dated: 1 October 2021
- 6 -
## **THE LIVING ARCHIVE PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
27,603
-
Charitable activities
**4**
-
42,604
Other trading activities
**5**
593
-
Investments
**6**
312
-
**Total income**
28,508
42,604
**Expenditure on:**
Raising funds
**7**
102
-
Charitable activities
**8**
45,825
10,398
**Total resources**
**expended**
45,927
10,398
**Net (outgoing)/**
**incoming resources**
**before transfers**
(17,419)
32,206
Gross transfers
between funds
19,344
(19,344)
**Net income for the year/**
**Net movement in funds**
1,925
12,862
Fund balances at 1
April 2020
45,000
6,985
**Fund balances at 31**
**March 2021**
46,925
19,847|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
**£**
**£**
27,603
1,280
-
42,604
-
78,517
593
2,576
-
312
480
-
71,112
4,336
78,517
102
285
-
56,223
49,810
28,975
56,325
50,095
28,975
14,787
(45,759)
49,542
-
45,307
(45,307)
14,787
(452)
4,235
51,985
45,452
2,750
66,772
45,000
6,985|Total
2020
**£**
1,280
78,517
2,576
480
82,853
285
78,785
79,070
3,783
-
3,783
48,202
51,985|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
## **THE LIVING ARCHIVE PROJECT**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2021**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**14**
Unrestricted funds|**2021**
**£**
67,505
(750)|**£**
17
66,755
66,772
19,847
46,925
66,772|**2020**
**£**
52,718
(750)|**£**
17
51,968
51,985
6,985
45,000
51,985|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 24 August 2021
R Kitchen **Trustee**
## **Company Registration No. 02869264**
- 8 -
## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **Charity information**
The Living Archive Project is a private company limited by guarantee incorporated in England and Wales. The registered office is Milton Keynes Museum, McConnell Drive, Wolverton, Milton Keynes, Buckinghamshire, MK12 5EL.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to expenditure. All expenditure is accounted for on an accruals basis and is recognised in the period to which it relates.
- 9 -
## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 10 -
## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.11 Leases**
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Donations and gifts|2,603|1,280|
|Other grants receivable|25,000|-|
||27,603|1,280|
## **4 Charitable activities**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Income from charitable activities|||
||42,604|78,517|
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## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **5 Other trading activities**
|**6**
**7**|**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Income from other trading activities
593
2,576
**Investments**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Interest receivable
312
480
**Raising funds**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Fundraising and publicity
Other fundraising costs
102
285
102
285|
|---|---|
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## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **8 Charitable activities**
|Staff costs
Activities undertaken directly
**Analysis by fund**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Other s upport costs
2,891
-
2,891
-
Analysed between
Charitable activities
2,891
-|**2021**
**£**
42,934
13,289
56,223
56,223
45,825
10,398
56,223
**2021**
Support
costs
Governance
costs
**£**
£
£
2,891
2,309
780
2,891
2,309
780
2,891
2,309
780|**2020**
**£**
46,721
32,064
78,785
78,785
49,810
28,975
78,785
2020
£
3,089
3,089
3,089|
|---|---|---|
## **9 Support costs**
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **11 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|||**2021**|**2020**|
|---|---|---|---|
|||**Number**|**Number**|
|||2|2|
||**Employment costs**|**2021**|**2020**|
|||**£**|**£**|
||Wages and salaries|42,916|46,458|
||Social security costs|(245)|(109)|
|||42,671|46,349|
|**12**|**Tangible fixed assets**|||
|||**Plant and equipment**||
||||**£**|
||**Cost**|||
||At 1 April 2020||26,450|
||At 31 March 2021||26,450|
||**Depreciation and impairment**|||
||At 1 April 2020||26,433|
||At 31 March 2021||26,433|
||**Carrying amount**|||
||At 31 March 2021||17|
||At 31 March 2020||17|
|**13**|**Creditors: amounts falling due within one year**|||
|||**2021**|**2020**|
|||**£**|**£**|
||Accruals and deferred income|750|750|
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## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||||
|---|---|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|**Incoming**|**Resources**|**Transfers**||**Balance at**|
||**1 April 2019**|**resources**|**expended**||**1 April 2020**|**resources**|**expended**||**31**|**March 2021**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**||**£**|
|Commissions|4,050|17,060|(4,987)|(14,906)|1,217|8,294|(3,497)|(2,501)||3,513|
|DMK - Discover Milton Keynes|(1,318)|5,000|(2,566)|(1,000)|116|-|-|-||116|
|MK HODS (Heritage Open Days)|46|17,000|(4,373)|(12,627)|46|16,000|(4,346)|(11,510)||190|
|MK Skate HLF ( Heritage Lottery Fund)|-|13,300|(5,122)|(3,000)|5,178|-|(500)|(4,678)||-|
|Soulbury|(28)|24,700|(10,898)|(13,774)|-|-|-|-||-|
|LA Music Events|-|1,457|(1,029)|-|428|-|-|-||428|
|Homeworld|-|-|-|-|-|7,000|(259)|-||6,741|
|Saxon Court|-|-|-|-|-|1,310|(655)|(655)||-|
|VE Day Project|-|-|-|-|-|10,000|(1,141)|-||8,859|
||2,750|78,517|(28,975)|(45,307)|6,985|42,604|(10,398)|(19,344)||19,847|
Commissions are a range of smaller funds.
DMK - Discover Milton Keynes, is a fund for the supply and installation of exhibitions to the Discover Milton Keynes space in MK Central Library. MKHODS - MK Heritage Open Days, is a fund for the co-ordination and marketing of all events on behalf of MK Council.
MK Skate is a fund to be raised for a project working with MK Council to document the history of skateboarding in Milton Keynes.
Soulbury is a fund to provide an oral history/exhibition/education project alongside the Canal & River Trust on the restoration of the Old Pump Hose in Soulbury. LA Music is a fund to provide music events in Milton Keynes.
Homeworld is an oral history and film project to document and celebrate 40 years of the Homeworld Housing exhibition on Bradwell Common. Saxon Court is an oral history and film project to document the lives of people who worked at Saxon Court before it is redeveloped. VE Day Project is a project working with a young people's drama group to bring to life the WW2 oral history interviews.
- 15 -
## **THE LIVING ARCHIVE PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31
March 2021 are
represented by:
Tangible assets
17
-
Current assets/
(liabilities)
46,908
19,847
46,925
19,847|**Total**Unrestricted
funds
Restricted
funds
**2021**
2020
2020
**£**
£
£
17
17
-
66,755
44,983
6,985
66,772
45,000
6,985|Total
2020
£
17
51,968
51,985|
|---|---|---|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2020 - none).
- 16 -