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|---|---|---|---|---|
|Report ofthe Trustees||1|to|9|
|Independent
Examiner's|Report||10||
|Statement ofFinancial|Activities||||
|Balance Sheet||12|to|13|
|Cash Flow Statement|||14||
|Notes to the Cash Flow|Statement||15||
|Notes to the Financial Statements||16|to|26|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||119,306|501,469|620,775|365,238|
|Charitable
activities||||||||
|Maintenance ofcollection||||500||500|18,197|
|Other trading activities|||||||I1,506|
|Investment
income||||43||43|137|
|Other income||||66,399||66,399||
|Total||||186,24S|501,469|687,717|395,078|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Maintenance ofcollection||||199,323|182,100|381,423|387,680|
|Other||||1,571|3,255|4,826|2,113|
|Total||||200,894|185,355|386,249|389,793|
|NET INCOME/(EXPENDITURE)||||(14,646)|316,114|301,468|5,285|
|Transfers
between
funds|||17|40,742|(40,742)|||
|Net movement
in funds||||26,096|275,372|301,46S|5,285|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought forward||||131,601|2,268,416|2,400,017|2,394,732|
|TOTAL FUNDS CARRIED FORWARD||||157,697|2,543,788|2,701,4S5|2,400,017|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|f.||||
|FIXEDASSETS||||||
|Tangible assets|12|201,111|2,264,902|2,466,013|2,253,379|
|Investments|13|||||
|||201,112|2,264,902|2,466,014|2,253,380|
|CURRENT ASSETS||||||
|Debtors|14|63,149|46,013|109,162|123,206|
|Cash at bank and in hand||21,491|243,872|265,363|152,940|
|||84,640|289,885|374,525|276,146|
|CREDITORS||||||
|Amounts
falling due within one year|15|(128,055)|(10,999)|(139,054)|(129,509)|
|NET CURRENT ASSETS||(43,415)|278,886|235,471|146,637|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||157,697|2,543,7S8|2,701&485|2,400,017|
|NET ASSETS||157,697|2,543,788|2,701,4S5|2,400,017|
|FUNDS|17|||||
|Unrestricted
funds||||157,697|131,601|
|Restricted
funds||||2&543&788|2,268,416|
|TOTAL FUNDS||||2,701,485|2,400,017|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from|operating||activities||||
|Cash generated
from operations||||I|314,406|(23,402)|
|Net cash provided|by/(used||in) operating
activities||314,406|(23,402)|
|Cash flows from|investing||activities||||
|Purchase oftangible fixed||assets|||(217,460)|(8,500)|
|Interest received|||||43|137|
|Net cash used in|investing|activities|||(217,417)|(8,363)|
|Cash flows from|financing||activities||||
|Due from Hollycombe
Retailing|||||22,701|(16,922)|
|Net cash provided|by/(used||in) financing|activities|22,701|(16,922)|
|Change in cash and cash||equivalents||in the|||
|reporting
period|||||119,690|(48,687)|
|Cash and cash equivalents|||at the beginning||||
|ofthe reporting|period||||145,673|194,360|
|Cash and cash equivalents|||at the end|ofthe|||
|reporting
period||||2|265,363|145,673|
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||RECONCILIATION
OF NET INCOME TO|RECONCILIATION
OF NET INCOME TO|RECONCILIATION
OF NET INCOME TO|RECONCILIATION
OF NET INCOME TO|RECONCILIATION
OF NET INCOME TO|NET CASH|FLOW FROM OPERATING ACTIVITIES|FLOW FROM OPERATING ACTIVITIES|FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Net income for the||reporting||period (as per the Statement||ofFinancial|||
||Activities)|||||||301,468|5,285|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||4,826|2,113|
||Interest received|||||||(43)|(137)|
||Increase
in debtors|||||||(8,657)|(59,189)|
||Increase
in creditors|||||||16,812|28,526|
||Net cash provided|by/(used||in) operations||||314,406|(23,402)|
|2.|ANALYSIS OF CASH AND||||CASH EQUIVALENTS|||||
|||||||||2021|2020|
|||||||||f.||
||Cash in hand|||||||2,473|2,495|
||Notice deposits (less||than 3 months)|||||262,890|150,445|
||Overdrafts
included||in bank loans and overdrafts|||falling due within one year|||(7,267)|
||Total cash and cash|equivalents||||||265,363|145,673|
|3.|ANALYSIS OF CHANGES||||IN NET FUNDS|||||
||||||||At 1,3.20|Cash flow|At 28.2.21|
||Net cash|||||||||
||Cash at bank and in|hand|||||152,940|112,423|265,363|
||Bank overdrail||||||(7,267)|7,267||
||||||||145,673|119,690|265,363|
||Total||||||145,673|119,690|265,363|
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|DONATIONS
AND LE|GACIES|||
|---|---|---|---|
|||2021|2020|
|Donations||21,577|11,665|
|Gift aid||1,938|46,315|
|Grants||597,260|56,430|
|Gate receipts|||250,828|
|||620,775|365,238|
|Grants received, included|in the above, are as follows:|||
|||2021|2020|
|||f.||
|Winch project|||6,730|
|HLF Resilience Grant||39,760|49,700|
|Coutts Grant||5,000||
|COVID recovery||||
|||105,000||
|DCMS Grant||447,500||
|||597,260|56,430|
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|3.|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Covenanted|profits from|trading|subsidiary||||11,506|
|4.|INVESTMENT INCOME||||||||
||||||||2021|2020|
||Deposit account interest||||||43|137|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||||
||||||||2021|2020|
|||||Activity|||||
||Other income|||Maintenance|ofcollection||500|18,197|
|6.|CHARITABLE ACTIVITIES|||COSTS|||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 7)|Totals|
||Maintenance|ofcollection||||372,736|8,687|381,423|
|7.|SUPPORT|COSTS|||||||
||||||||Governance||
|||||||Finance|costs|Totals|
||Maintenance|ofcollection||||2,460|6,227|8,687|
|8.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)||is stated aAer charging/(crediting):||||||
||||||||2021|2020|
||Depreciation|- owned assets|||||4,826|2,113|
||Rent ofland||||||18,742|18,937|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Wages and|salaries||||50,579|60,811|
|Social security costs|||||298||
|Other pension costs|||||931|814|
||||||51,808|61,625|
|The average|monthly|number ofemployees||during the year was as follows:|||
||||||2021|2020|
|Museum
staff|||||4|4|
|No employees
received emoluments|||in excess off60,000.||||
|COMPARATIVES||FORTHE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
||||||f.||
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies||||308,808|56,430|365,238|
|Charitable|activities||||||
|Maintenance|ofcollection|||18,197||18,197|
|Other trading
activities||||11,506||11,506|
|Investment|income|||137||137|
|Total||||338,648|56,430|395,078|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Maintenance|ofcollection|||341,091|46,589|387,680|
|Other||||2,113||2,113|
|Total||||343,204|46,589|389,793|
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|11.|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued||
|---|---|---|---|---|---|
||||Vnrestricted|Restricted|Total|
||||fund|funds|funds|
||NET INCOME/(EXPENDITURE)||(4,556)|9,841|5,285|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|' 136,157|2,258,575|2,394,732|
||TOTAL FUNDS CARRIED FORWARD||131,601|2,268,416|2,400,017|
|12.|TANGIBLE FIXED|ASSETS||||
||||Buildings|Steam|Fixtures|
||||&improvements|collection|&Fittings|
||COST|||||
||At 1 March 2020||1,132,879|1,115,585|50,304|
||Additions|||30,600|186,860|
||At 28 February 2021||1,132,879|1,146,185|237,164|
||DEPRECIATION|||||
||At 1 March 2020||6,287|26,934|41,643|
||Charge for year|||410|4,416|
||At 28 February 2021||6,287|27,344|46,059|
||NET BOOKVALUE|||||
||At 28 February 2021||1,126,592|1,118,841|191,105|
||At 29 February 2020||1,126,592|1,088,651|8,661|
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|TANGIBLE FIXEDASSETS - continued||||
|---|---|---|---|
||Motor|Historical||
||vehicles|attractions|Totals|
|COST||||
|At 1 March 2020|4,050|31,250|2,334,068|
|Additions|||217,460|
|At 28 February 2021|4,050|31,250|2,551,528|
|DEPRECIATION||||
|At 1 March 2020|4,050|1,775|80,689|
|Charge for year|||4,826|
|At 28 February 2021|4,050|1,775|85,515|
|NET BOOK VALUE||||
|At 28 February 2021||29,475|2,466,013|
|At 29 February 2020||29,475|2,253,379|
|FIXEDASSET INVESTMENTS||||
||||Shares in|
||||group|
||||undertakings|
|MARKET VALUE||||
|At 1 March 2020 and 28 February 2021||||
|NET BOOK VALUE||||
|At 28 February 2021||||
|At 29 February 2020||||
|Registered|office:|||||
|---|---|---|---|---|---|
|Nature of|business: Saleofmuseum|merchandise|and cafe|||
|Class ofshare|||holding|||
|Ordinary|||100|||
|||||28.2.21|28.2.20|
|Aggregate|capital and reserves|||(5,890)|1|
|Loss for the year||||(5,891)||
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|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE Y|EAR||
|---|---|---|
||2021|2020|
|||f.|
|Trade debtors||1,200|
|Amounts
owed by group undertakings|19,063|41,764|
|Other debtors|70,968|77,718|
|VAT|293|872|
|Prepayments|18,83S|1,652|
||109,162|123,206|
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|An analysis ofthe maturity ofloans is given below|:||||
|---|---|---|---|---|
||||2021|2020|
||||f.||
|Amounts
falling due within one year on demand:|||||
|Bank overdrafis||||7,267|
|MOVEMENT IN FUNDS|||||
|||Net|Transfers||
|||movement|between|At|
||At 1.3.20|in funds|funds|28.2.21|
||f,|f.|||
|Unrestricted
funds|||||
|General
fund|131,601|(14)646)|40,742|157,697|
|Restricted funds|||||
|Restricted|2,099)840|(479)|(15)742)|2)083)619|
|Sawmill
project|66,280|(1,700)|(5,000)|59,580|
|Emperor project|S3,545|||83,545|
|HLF Resilience|18,751|34,172|(20,000)|32,923|
|Mann Tractor Fund||965||965|
|DCMS Grant||279,841||279,S41|
|Coutts Grant||3,315||3,315|
||2,268,416|316,114|(40,742)|2,543,788|
|TOTAL FUNDS|2,400,017|301,468||2,701,485|
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|Net movement|in funds, included|in funds, included|in the above are as follows:||||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General
fund||||186,248|(200,894)|(14,646)|
|Restricted funds|||||||
|Restricted|||||(479)|(479)|
|Sawmill project|||||(1,700)|(1,700)|
|HLF Resilience||||39,760|(5,588)|34,172|
|Mann Tractor|Fund|||95210|(8,245)|965|
|DCMS Grant||||447,499|(167,658)|279,841|
|Coutts Grant||||5,000|(1,685)|3,315|
|||||501,469|(185,355)|316,114|
|TOTAL FUNDS||||687,717|(386,249)|301,468|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.3.19|in funds|29.2.20|
|||||f.|||
|Unrestricted|funds||||||
|General
fund||||136,157|(4,556)|131,601|
|Restricted funds|||||||
|Restricted||||2,099,840||2,099,840|
|Sawmill project||||73,735|(7,455)|66,280|
|Emperor project||||85,000|(1,455)|83,545|
|HLF Resilience|||||18,751|18,751|
|||||2,258,575|9,841|2,268,416|
|TOTAL FUNDS||||2,394,732|5,285|2,400,017|
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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|338,648|(343,204)|(4,556)|
|Restricted
funds||||
|Sawmill project||(7,455)|(7,455)|
|Emperor project||(1.455)|(1,455)|
|Winch project|6,730|(6,730)||
|HLF Resilience|49,700|(30,949)|18,751|
||56,430|(46,589)|9,841|
|TOTAL FUNDS|395,078|(389,793)|5,285|
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.3.19|in funds|funds|28.2.21|
|Unrestricted|funds|||||
|General
fund||136,157|(19,202)|40,742|157,697|
|Restricted
funds||||||
|Restricted||2,099,840|(479)|(15,742)|2,083,619|
|Sawmi1 I project||73,735|(9,155)|(5.000)|59,580|
|Emperor project||85,000|(1,455)||83,545|
|HLF Resilience|||52,923|(20,000)|32,923|
|Mann Tractor|Fund||965||965|
|DCMS Grant|||279,841||279,841|
|Coutts Grant|||3,315||3,315|
|||2,258,575|325,955|(40,742)|2,543,788|
|TOTAL FUNDS||2,394,732|306,753||2,701,485|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General
fund||524,896|(544,098)|(19,202)|
|Restricted
funds|||||
|Restricted|||(479)|(479)|
|Sawmill project|||(9,155)|(9,155)|
|Emperor project|||(1,455)|(1,455)|
|Winch project||6,730|(6,730)||
|HLF Resilience||89,460|(36,537)|52,923|
|Mann Tractor|Fund|9,210|(8,245)|965|
|DCMS Grant||447,499|(167,658)|279,841|
|Coutts Grant||5,000|(1,685)|3,315|
|||557,899|(231,944)|325,955|
|TOTAL FUNDS||1,082,795|(776,042)|306,753|
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