FRIENDS OF BUSHEY MUSEUM
ANNUAL GENERAL MEETING
TUESDAY 28[th] MARCH 2023 - 7.30PM
Bushey Community Centre, High Street, Bushey. WD23 1TT
CHAIRMAN’S ADDRESS
Our last AGM was in November 2019 and we don’t have to look far to see why it was so long ago – the Pandemic, which has changed our lives beyond recognition. The Friends and their activities have not escaped the changes. Fewer Friends and fewer activities. However, I am not here to spread doom and gloom. Let’s be positive and give thanks for what we have done.
Outings recommenced in 2022 and we have been to Southill Park and Bedford Museum in June and a visit to the Cotswolds on a lovely day in October 2022. Despite ceaseless work by Diana Spencer there has not been sufficient take up to run a holiday. We have yet to restart the monthly talks as we need someone to run them. I did this for many years and, whilst the end result was satisfying, it involved many hours of work. If the job was split into parts one or two, or even three, people could take it on. If there is anyone interested to volunteer please see me after the AGM.
Due to a generous donation by a benefactor The Friends held a Lucy Kemp-Welch study day in May 2022. Talks were given by Lucy-Kemp-Welch experts, including David Boyd-Heycock, who is writing a new biography of Lucy Kemp-Welch, and the curator of the Russell-Cotes Museum, Bournemouth, who is arranging a Lucy Kemp-Welch exhibition. There was video of an imagined interview with Lucy Kemp-Welch by Katharine Whittaker and Adele Taylor. The day finished with a tout of the gardens of Kingsley, the home of Lucy Kemp-Welch, unfortunately in the pouring rain. We organised a Bring and buy sale in September 2021 making £650.00. We ran an Arts and Crafts Fair in November 2021 and 2022 which showcased the work of local artisans. The friends, together with the Friends of Reveley Lodge, held a dinner at West Herts Training College in May 2022 making a profit in enjoyable company and helping the students in their catering training.
Later you will see acquisitions bought by The Friends. However, this does not include our greatest coup “The Lady in White, too large to move. John Gerry bravely bid on line for us. We were fortunate that the V & A Purchase Grant Fund and the Arts Council England made generous grants enabling the purchase of this seminal work by Herkomer. The Friends met the not inconsiderable fees of £14,586.00 buyer’s premium, transport and insurance, plus the cost of cleaning and restoration.
The 200 Club Lottery, so ably organised by Jessie Clack, has been running since 1989 and is fully subscribed with a waiting list.
In September 2021 we received a bequest of £6,162.00 from the estate of Ian Bevis of Bourne Road.
I cannot emphasise how much we owe to our volunteers, the stewards, the Museum’s education activities, curating, mounting and dismounting exhibitions, manning the office and stocking the shop, posting on the website and Facebook, publicity posters, the publication of the four newsletters every year, organising and running events. You are the heroes.
A million thanks and God bless you all.
Rita Castle
Chairman
Friends of Bushey Museum
Registered Charity No. 1039713
Income and Expenditure Account Year ended 31 July 2022
| Note General Fund Acquisitions Fund Restricted Funds Total Funds Income Subscriptions 5,506 5,506 Holidays and outings 690 690 Fundraising 1,310 1,310 200 Club 1,960 1,960 Donations 416 1,000 1,416 Legacies 1c 6,162 6,162 Gift aid 767 767 Investment income 10,261 10,261 Interest 18 18 Total income 16,811 10,279 1,000 28,090 Expenditure Holidays and outings 625 625 200 Club 998 998 Newsletters and publications 2,135 2,135 Printing, postage and stationery 288 288 Insurance 313 313 Miscellaneous 1,441 1,441 Bushey Museum contributions 2 19,277 19,277 Total costs 5,800 19,277 0 25,077 Surplus (Deficit) for year 11,011 -8,998 1,000 3,013 Funds Balance from previous year 10,345 322,754 0 333,099 Surplus (Deficit) for year 11,011 -8,998 1,000 3,013 Transfers between funds 4 -9,500 9,500 0 Funds at end of year 11,856 323,256 1,000 336,112 Year ended 31 July 2022 |
2021 Total Funds 6,028 0 0 2,000 150 0 812 9,465 17 |
|---|---|
| 18,472 | |
| 0 980 705 593 287 182 4,881 |
|
| 7,628 | |
| 10,844 | |
| 333,099 10,844 |
|
| 343,943 |
| Friends of Bushey Museum Balance Sheet As at 31 July 2022 Notes Assets Debtors and prepayments Investments at cost 3 Cash Liabilities 200 Club prizes still to be awarded Funds Funds General Fund- unrestricted 4 Acquisition Fund - unrestricted 5 Earmarked Fund - restricted 6 Funds at end of year |
Registered Charity No. 1039713 1,096 1,031 315,000 270,000 20,791 62,843 336,887 333,874 -775 -775 336,112 333,099 11,856 10,345 323,256 322,754 1,000 0 336,112 333,099 2022 2021 |
Registered Charity No. 1039713 1,096 1,031 315,000 270,000 20,791 62,843 336,887 333,874 -775 -775 336,112 333,099 11,856 10,345 323,256 322,754 1,000 0 336,112 333,099 2022 2021 |
Registered Charity No. 1039713 1,096 1,031 315,000 270,000 20,791 62,843 336,887 333,874 -775 -775 336,112 333,099 11,856 10,345 323,256 322,754 1,000 0 336,112 333,099 2022 2021 |
|---|---|---|---|
| 333,099 | |||
| 10,345 322,754 0 |
|||
| 333,099 |
Friends of Bushey Museum
Registered Charity No. 1039713
Notes to the Accounts
Year ended 31 July 2022
1. Bases of accounting
a) These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these
b) The accounts have been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and in accordance with the Charities Act 2011.
c) Legacies are included in the accounts when the charity is advised that payment will be made and the amount involved can be quantified.
2. Bushey Museum contributions
The cost of acquisitions and other payments made for the benefit of the Bushey Museum. Acquisitions this year were:
| Acquisitions this year were: | |
|---|---|
| 2 x Gordon Metcalfe Paintings | 120 |
| Charcoal Nude Study by Lucy Kemp-Welch | 193 |
| 2 x Ethel Gabain Paintings | 945 |
| 5 x Oil Paintings by John Greenwell | 500 |
| Portrait of Miss Katherine Grant | 14,586 |
| Restorations costs | 943 |
| Bushey Heath Pottery Vase by Fred Passenger | 1,990 |
3. Investments at cost
Funds are invested with CCLA Fund Managers Ltd, one of the UK's largest charity fund managers. The value of investments at 31 July 2022 was £392,848 (2021 - £355,047).
4. General Fund - Unrestricted
The General Fund is maintained at a level sufficient to cover costs incurred in the running of the Friends of Bushey Museum for a period of two years. Surplus funds are transferred to the Acquisitions Fund.
5. Acquisitions Fund -Unrestricted
Opportunities to acquire assets for Bushey Museum occur sporadically and sometimes with little notice. The Friends of Bushey Museum policy is to maintain the Acquisitions Fund in order to be well prepared to take opportunities as they become available. The funds remain unrestricted in nature and may ultimately be used by the Friends for any purpose.
6. Restricted Funds
Representing funds received and still to be spent where the donor has directed how the funds should be disbursed.
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Friends of Bushey Museum Charity members of
On accounts for the year 31 July 2022 Charity no 1039713 ended (if any) Set out on pages 1-4 (remember to include the page numbers of additional sheets)
Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
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Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent In connection with my examination, no matter has come to my attention examiner's statement ~~(other than that disclosed below *)~~
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Please delete the words in the brackets if they do not apply.
Signed:
Date: 9 November 2022
Name: Jack W Debnam
Relevant professional FCA
1
IER
March 2012
qualification(s) or body (if any):
Address: September Cottage Hogpits Bottom, Flaunden Hemel Hempstead HP3 0QB Section B Disclosure
Only complete if the examiner needs to highlight material problems.
2
IER
March 2012