2021-03-31-accounts

		Pacae
Reference and Administrative	Details	1 —2
Trustee Directors' Report		3 —16
Independent Auditors' Report		17-20
Statement of Financial Activities		21
Balance Sheets		22 —23
Statement ofCash Flows		24
Notes to Financial Statements		25 —54

Charity	Name			The Dorset Natural	History	and Archaeological	Society
Other names				Dorset County Museum
Charity Number				1062400
Company	Number			3362107
Principal	Address	and Registered	Office	Dorset County Museum
				66 High West Street
				Dorchester
				Dorset
				DT1 1XA
President				Lady Susan Bradbury
Vice-Presidents				Mr AJ H du Boulay	FSA
				Mr A TJ Jaggard FSA FRSA
				Mr R N RPeers MA	FSA FMA
				Mr G A L-F Pitt Rivers OBE DL
				Mrs P Seaton
				Sir P Williams Bt.
				Mrs G Yarker BEM	FSA
Past Presidents				Mr ATJ Jaggard FSA FRSA
				The Countess ofSandwich
				Mr G A L-F Pitt Rivers OBE DL
				Captain M Fulford-Dobson		CVO OBE RN
Trustee Directors				Prof AJFleet (Chair)
				Ms TR Chevalier
				Mr DJ French
				Ms SJames
				Mrs J M Lang
				Mrs S Memott
				DrJ E Murden (Director)
				Ms T M Parsons
				Mr J J R Pope
				Mr A Walters
				Mrs SA H Walton
Dorset County Council Board of
Trustee Directors		Representative		Cllr SBartlett

Officers and staff
Executive Director					DrJE Murden
Commercial Director Director ofCollections Secretary and PA to the			Directors		Mr R Maughan Miss ESelby Mrs A Butler
Secretarial Support Curator Collections Assistants Exhibition Development			Manager		Miss A Gundry DrJ Cripps Ms K Broomfield, Ms LJohnston		Miss C King
Head of Education	and		Learning		Miss ETalbot
Learning and Community				Outreach	Ms H Eastwood
Head ofDevelopment Head ofDevelopment Head of Marketing Marketing Assistant		and		Communications	Miss G Crouch (to May 2020) Mrs A Buzza-Blackwell (May 2020 to March 2021) Mr D Goulden (from September 2020) Mr M North
Head ofVisitor Services					Mrs G Hurlstone,		Miss M Broadbent
Retail Manager					Mrs A Smith
Visitor Services Assistants					Miss C Backhouse, Mrs			S	Kenyon
					Mrs C McLaren,		Mr KNash
Museum Technician					Mr M Pettit
Finance Officers					Mrs L Cartwright
Membership Officer					Mrs P Harding
Auditors					Albert Goodman		LLP
					Goodwood House
					Blackbrook Park		Avenue
					Taunton
					Somerset
					TA1 2PX
Bankers					Lloyds Bank pic
					1-2 High West	Street
					Dorchester
					Dorset
					DT1 3BJ
Solicitors					Blanchards Bailey				Trowers &Hamlins
					3Queen Mother		Square		10Colmore Row
					Poundbury				Birmingham
					Dorchester				B32QD
					Dorset
					DT1 3BJ
investment Advisors					Charles Stanley		&Co Ltd
					Mey House
					Bridport Road
					Poundbury
					Dorchester
					Dorset
					DT1 3QY

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									(As
					Unres-		End-		restated)
					tricted	Res-tricted	owment	Total	Total
								2021	2020
				Notes	6	6		6	8
Income:
Donations and legacies				2	415,778	5,895,863		6,311,641	6,238,540
Charitable activities				3	12,283			12,283	21,783
Other trading activities				4	13,158			13,158	1,668
Investments				5	4,240			4,240	12,994
Total income					445,459	5,895,863		6,341,322	6,274,985
Expenditure:
Raising funds				6	7,552	37,936		45,488	29,486
Charitable activities				7	425,028	596,725		1,021,753	938,848
Interest payable
Total expenditure					432,580	634,661		1,067,241	968,334
Net income/(expenditure)
before gains/(losses)		on
investments					12,879	5,261,202		5,274,081	5,306,651
Net (loss)/gain on investments				12	16,807			16,807	(15,486)
Net income/(expenditure)			for
the year					29,686	5,261,202		5,290,888	5,291,165
Transfers between funds				20	(814,190)	814,190
Corporation tax
Actuarial gains/(losses)		on
defined benefit pension		scheme			(257,000)			(257,000)	39,000
Net movement in
funds for the year					(1,041,504)	6,075,392		5,033,888	5,330,165
Reconciliation offunds
Total funds brought	forward				237,579	9,234,719	500	9,472,798	4,142,633
Total funds carried	forward				(803,925)	15,310,111	500	14,506,686	9,472,798

						2021	(As restated) 2020
					Notes	6	6
Fixed assets
Tangible fixed assets Heritage assets Investments					10 11 12	15,708,943 1,032,639 171,881	9,608,508 896,369 156,454
						16,913,463	10,661,331
Non current assets
Investment property					13	250,000	250,000
Current assets
Stock					14
Debtors Cash at bank and in hand					15	1,154,884 457,505	1,518,687 886,387
Liabilities:						1,612,389	2,405,074
Creditors falling due within one			year		16	(1,205,166)	(1,183,607)
Net current assets						407,223	1,221,467
Creditors falling due in	more than one			year	17	(2,085,000)	(1,965,000)
Net assets excluding	pension		liability			15,485,686	10,167,798
Defined benefit pension	scheme		liability		24	(979,000)	(695,000)
Total net assets including		pension		liability		14,506,686	9,472,798
Unrestricted funds Pension reserve Revaluation reserve					20 20 20	175,075 (979,000)	932,579 (695,000)
Total unrestricted funds						(803,925)	237,579
Restricted income funds Endowment funds					20 20	15,310,111 500	9,234,719 500
Total charity funds						14,506,686	9,472,798

						(As restated)
					Total	Total
					2021	2020
Cash flows from operating activities				Notes
Net income for the year Adjustments to cash flows from non-cash	items				5,290,888	5,291,165
Post employment benefits less payments Depreciation and loss on disposal offixed assets Dividends and interest from investments, and rental Interest payable		income		10 5	27,000 18,026 (4,240)	41,000 13,020 (12,994)
Losses / (gains) on investments				12	(16,807)	15,486
Working capital adjustments					5,314,867	5,347,677
(Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors				14 15 16	363,803 (133,441)	1,846 (800,346) 938,525
Net cash flow from operating activities					5,545,229	5,487,702
Cash flows from investing activities
Interest payable
Interest and dividends received and rental income Purchase of heritage assets Purchase oftangible fixed assets Acquisition ofinvestments Investment disposals Acquisition of investment property				5 11 10 12 12 13	4,240 (136,270) (6,118,461) (67,299) 64,375	12,994 (27,405) (6,859,398) (41,065) 45,763 (250,000)
Net cash tlows from investing activities					(6,253,415)	(7,119,111)
Cash flows from financing activities
Loans advanced Loans repaid					275,000	1,700,000
Net cash flows from financing activities					275,000	1,700,000
Net increase/(decrease) in cash and cash equivalents					(433,186)	68,592
Cash and cash equivalents at the beginning of reporting			period		893,619	825,027
Cash and cash equivalents at the end of	the reporting	period			460,433	893,619
Cash &Cash equivalents reconciliation:
Cash at bank Cash held by brokers					457,505 2,928	886,387 7,232
Total cash &cash equivalents at the end	ofthe reporting		period		460,433	893,619

					(As
				Correction	restated)
			2020	2020	2020
			8	8	6
Donations Creditors	and legacies (restricted) falling due in more than one year:		5,977,285	175,543	6,152,828
Loans			(2,140,543)	175,543	(1,965,000)
		'
Unrestricted funds Total charity funds			(757,036) (9,297,255)	(175,543) (175,543)	(932,579) (9,472,798)

						(As	(As
		Unres-			Unres-	restated)	restated)
		tricted	Restricted	2021	tricted	Restricted	2020
Grants		fundsf	funds	Total	funds f	funds f	Totalf
Dorset County Council West Dorset District Council		78,994		78,994	68,000 10,994		68,000 10,994
Arts Council England		52,604	213,121	265,725
Wessex Museum Trust		18,785		18,785
Wolfson Foundation		120,000		120,000
Foyle Foundation			25,000	25,000
John Ellerman Foundation Other '		300	30,057	30,057 300	4,444	30,057 86,600	30,057 91,044
		270,683	268,178	538,861	83,438	116,657	200,095
Development appeal	fund
Headley Trust Heritage Lottery Fund*			5,322,653	5,322,653		6,550 5,120,138	6,550 5,120,138
Dorset County Council*						175,543	175,543
Wolfson Foundation						150,000	150,000
Arts Council England						293,179	293,179
Department for
Culture, Media &Sport Roberts Trust						175,000 30,000	175,000 30,000
Art Fund						22,500	22,500
Valentine Trust			20,000	20,000		25,000	25,000
Weld			20,000	20,000
JSCoombs						10,000	10,000
Garfield Weston			100,000	100,000
G F Eure Charitable	Trust		10,000	10,000
Dannat			10,000	10,000
P N Tomlinson Other			47,272	47,272		5,000 23,261	5,000 23,261
			5,529,925	5,529,925		6,036,171	6,036,171

					Unres-			Unres-
					tricted	Restricted	2021	tricted	Restricted	2020
					funds	funds	Total	funds	funds	Total
					E	E	E	E	E	E
Membership subscriptions Museum admission fees					10,941		10,941	20,940 510		20,940 510
Events	and exhibitions				1,342		1,342	333		333
					12,283		12,283	21,783		21,783
4	Other trading			activities
					Unres-			Unres-
					tricted	Restricted	2021	tricted	Restricted	2020
					funds	funds	Total	funds	funds	Total
					E		E	E	E	E
Shop/ online sales Royalties and sundry				income	9,284 3,874		9,284 3,874	1,573 95	' -	1,573 95
					13,158		13,158	1,668		1,668
5	Investment		Income
					Unres-			Unres-
					tricted	Restricted	2021	tncted	Restricted	2020
					funds	funds	Total	funds	funds	Total
					E	E	E	E	E	E
Dividends and interest Interest on cash deposits					4,150 98		4,150 98	5,980 667		5,980 667
Rental	income				(8)		(8)	6,347		6,347
					4,240		4,240	12,994		12,994

			Unres-			Unres-
			tricted	Restricted	2021	tricted	Restricted	2020
			funds	funds	Total	funds	funds	Total
			6			6		6
Shop/ online purchases Tea room purchases			6,102	1,031	1,031 6,102	1,976 19	792	2,768 19
Fundraising	fees			36,905	36,905	12	24,529	24,541
Investment	management	fees	1,450		1,450	2,158		2,158
			7,552	37,936	45,488	4,165	25,321	29,486

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et incoming resource	s/oper	ating surplus
			2021	2020
			6	6
Depreciation ofowned	assets		18,026	13,020
Loss I(gain) on disposal ofinvestments			(16,829)	15,031
Loss on fair value movement		of investments	22	455
Operating lease rentals			35,321	42,379
Impairment ofstock			22	1,846
Auditors' remuneration	for:
Audit services			5,000	5,000
Other services			3,784	2,163

		2021	2020
		22	21
		22	21
Employment	costs	2021	2020
			6
Wages and	salaries	532,014	442,741
Social security costs		35,948	31,175
Other pension costs		72,405	81,856
		640,367	555,772

			2021	2020
			E	6
Gross salary			53,255	47,510
Employer's	national	insurance	6,137	5,369
Defined benefit pension scheme costs			11,551	11,212
			70,943	64,091

		2021	2020	2019	2018	2017
		E	E		E	E
Purchased additions at cost		136,270	27,405	46,670	5,905	592,485
Donated additions at deemed	cost
Total additions		136,270	46,670	5,905	592,485	408,727
Impairment- assets held at cost						205,567
Net book value disposals-
assets at cost- nil proceeds				141,178		15,000
Investments
					2021	2020
					E	E
Listed shares					168,953	149,222
Cash held by investment	manager				2,928	7,232
					171,881	156,454

	Listed shares	2021	2020
			f
	Market value
	At 1 April 2020	149,222	169,406
	Additions	67,299	41,065
	Disposals Unrealised gains/(losses) Realised losses	(64,375) 16,829 (22)	(45,763) (15,031) (455)
	At 31 March 2021	168,953	149,222
	Historical cost
	At 1 April 2020	153,101	157,268
	Additions Disposals	67,299 (68,204)	41,065 (45,232)
	At 31 March 2021	152,196	153,101
13	Investment property
		2021	2020
		6
	At 1 April 2020	250,000
	Additions		250,000
	At 31 March 2021	250,000	250,000

Debtors
		2021	2020
		E	f
Trade debtors Other debtors		394,929	6,792 849
Prepayments		196	196
Accrued income		590,150	1,207,450
VAT		169,609	303,400
		1,154,884	1,518,687
Creditors: Amounts	falling due within one year
		2021	2020
Loans		155,000
Trade creditors		786,556	937,339
Accruals and deferred	income	246,239	227,111
Other creditors Taxation and social security		7,177 10,194	6,791 12,366
		1,205,166	1,183,607

Creditors: Amounts falling due in more than one year
		(As restated)
	2021	2020
Loans	2,085,000	1,965,000
Loan maturity analysis
In less than one year	155,000
In more than one year but not more than five years	1,386,668	1,965,000
In more than five years	698,332

			2021	2020
				E
Operating		lease which expire:
Within	one year		20,916	40,250
Within	two and five years		33000	45,666
More	than	five years	24,750	33,000
			78,666	118,916

20 Funds
		(As
		restated)
		Opening			Transfers	Closing
		balance	Income	Expenditure	&gains	balance
				6
Unrestricted funds
General fund		20,823	445,459	(405,580)	(933,653)	(872,951)
Designated funds:
Collections		896,369			136,270	1,032,639
Life memberships		9,446				9,446
Dugdale Trust		941				941
Lift		5,000				5,000
		932,579	445,459	(405,580)	(797,383)	175,075
Pension reserve Revaluation reserve		(695,000)		(27,000)	(257,000)	(979,000)
		237,579	445,459	(432,580)	(1,054,383)	(803,925)
Restricted funds
Tomorrow's Museum	for Dorset:
Heritage Lottery Fund		6,323,008	5,322,653	(366,483)		11,279,178
Other funding		2,829,689	207,272		906,950	3,943,911
Arts Council England			213,121	(213,121)
Foyle Foundation			25,000	(25,000)
The John Ellerman			30,057	(30,057)
Dewlish Mosaic Public	Appeal		92,760		(92,760)
Dorset Archaeological	Committs	48,856				48,856
Jurassic Coast Gallery		9,974				9,974
Monograph Fund		8,042				8,042
Museum Makers Gentleman's Magazine WDDC Social Inclusion		(1,207) 3,001 885				(1,207) 3,001 885
Funds under f1,000		813				813
Bames- Dugdale portrait		382				382
Treasure Acquisitions		3,256	5,000			8,256
Museums Partnership		8,020				8,020
		9,234,719	5,895,863	(634,661)	814,190	15,310,111
Endowment funds
Charles Hansford fund		500				500
		500				500
Totalfunds		9,472,798	6,341,322	(1,067,241)	(240,193)	14,506,686

20 Funds- 2020
						(As	(As
				(As		restated)	restated)
			Opening	restated)		Transfers	Closing
			balance	Income	Expenditure	&gains	balance
			E	6		6
Unrestricted funds
General fund Designated funds:			458,123	122,157	(323,857)	(235,600)	20,823
Collections			868,964			27,405	896,369
Life memberships Dugdale Trust			9,446 941				9,446 941
Lift			5,000				5,000
			1,342,474	122,157	(323,857)	(208,195)	932,579
Pension reserve Revaluation reserve			(693,000) 12,138		(41,000)	39,000 (12,138)	(695,000)
			661,612	122,157	(364,857)	(181,333)	237,579
Restricted funds
Tomonow's Museum	forDorset:
Heritage Lottery Fund Other funding			1,724,220 589,833	5,120,138	(521,350)	2,239,856	6,323,008 2,829,689
Development Appeal The John Ellerman		Fund	1,085,503 3,092	916,033 30,057	(75) (33,149)	(2,001,461)
Dorset Archaeological Jurassic Coast Gallery		Committs	46,629 .9,974		2,227		48,856 9,974
Monograph Fund Rebranding Fund Museum Makers Gentleman's Magazine WDDC Social Inclusion			8,042 4,562 (1,207) 3,001 885			(4,562)	8,042 (1,207) 3,001 885
Funds under f1,000			813				813
Bames- Dugdale portrait			382				382
Treasure Acquisitions			3,211	27,450		(27,405)	3,256
Museums Partnership				59,150	(51,130)		8,020
			3,480,521	6,152,828	(603,477)	204,847	9,234,719
Endowment funds
Charles Hansford fund			500				500
			500				500
Total funds			4,142,633	6,274,985	(968,334)	23,514	9,472,798

			Unres-tricted	Restricted	Endowment	2021
			funds	funds	funds	Total
			6	6
Tangible fixed assets			485,854	15,223,089		15,708,943
Heritage assets			1,032,639			1,032,639
Investments			171,881			171,881
Investment	property		250,000			250,000
Net current	assets		319,701	87,022	500	407,223
Long term liabilities Pension scheme funding		deficit	(2,085,000) (979,000)			(2,085,000) (979,000)
			(803,925)	15310111	500	14506686
				(As		(As
			(As restated)	restated)		restated)
			Unres-tricted	Restricted	Endowment	2020
			funds	funds	funds	Total
			6			6
Tangible fixed assets Heritage assets			455,811 896,369	9,152,697		9,608,508 896,369
Investments			156,454			156,454
Investment Net current	property assets		250,000 1,138,945	82,022	500	250,000 1,221,467
Long term liabilities Pension scheme funding		deficit	(1,965,000) (695,000)			(1,965,000) (695,000)
			237,579	9,234,719	500	9,472,798

			Year to	Year to
			31 March	31March
			2021	2020
			6'000	6'000
Service cost			36	49
Net interest on the defined		liability	16	16
Administration	expenses		1	1
Total cost recognised			53	66

			At 31 March	At 31March
			2021	2020
			6'000	6'000
Present value ofthe		defined benefit obligation	2,109	1,613
Fair value ofpension fund assets			(1,130)	(918)
Net defined	benefit	liability	979	695

plan assets w	as as foll	ow	s:
						Year to	Year to
						31 March	31March
						2021	2020
						8'000	8'000
Equity instruments						615	458
Gilts						129	104
Cash						26	19
Other bonds						65	75
Diversified Growth Fund						56	52
Property						106	106
Infrastructure						69	63
Multi Asset Credit						58	41
Secured Income Funds						6
Total market value ofassets						1,130	918
The principal actuarial		assumptions		used were as follows:
						2021	2020
							0/
Discount rate						2.00	2.35
Expected rates of pension			increases			2.85	1.85
Expected rates of salary increases						3.85	2.85
Expected rate	of inflation		- RPI			3.20	2.65
Expected rate	of inflation		- CPI			2.85	1.85
The mortality	assumptions		used for	longevity	in years on retirement	at age 65are:
						2021	2020
						years	years
Retiring at the balance		sheet date:
-Males						23.1	23.3
- Females						24.6	24.7
Retiring in 20	years
-Males						24.4	24.7
-Females						26.0	26,2

Sensitivity analysis
		6'000's	OOOO"s	6'000's
Adjustment to discount rate		P 1P	p pp	-P 1Q'/
Present value oftotal obligation Projected service cost		2,064 60	2,109 63	2,155 65
Adjustment to long term salary increase		0 100/	P PP%	-0.10%
Present value oftotal obligation Projected service cost		2,111 63	2,109 63	2,107 63
Adjustment to pension increases	and	Q 1Q'/	P PP%	-P 1Q'/
deferred revaluation
Present value of total obligation Projected service cost		2,152 66	2,109 63	2,067 60
Adjustment to life expectancy assumptions Present value oftotal obligation Projected service cost		+ 1 year 2,211 65	None 2,109 63	-1year 2,012 60

								2021	(As restated)
									2020
									f
Financial	assets measured	at	fair value through		income		and	421,881	406,454
expenditure account
Financial	assets that are debt		instruments	measured		at		1,442,584	2,101,478
amortised	cost
								1,864,465	2,508,112
Financial	liabilities measured		at amortised	cost				3,279,972	3,136,241
Item of income, expenditure,			gain or losses
2021							Income f	Expense f	Net gains f	Net losses f
Financial	assets measured	at	fair value through				4,150		16,807
income and expenditure account
Financial	assets that are debt		instruments
measured	at amortised cost
Financial	liabilities measured		at amortised	cost
							4,150
2020							Income f	Expense f	Net gains f	Net losses f
Financial assets measured at fair value through income and expenditure account							5,980			(15,486)
Financial	assets that are debt		instruments
measured	at amortised cost
Financial	liabilities measured		at amortised	cost
							5,980			(15,486)

			(As
			restated)		(As
		(As restated)	Res-	End-	restated)
		Unres-tricted	tricted	owment	Total 2020
		E		f
Income:
Donations and legacies Charitable activities Other trading activities Investments		85,712 21,783 1,668 12,994	6,152,828		6,238,540 21,783 1,668 12,994
Total income		122,157	6,152,828		6,274,985
Expenditure:
Raising funds Charitable activities Interest payable		4,165 360,692	25,321 578,156		29,486 938,848
Total expenditure		364,857	603,477		968,334
Net income before gains
on investments		(242,700)	5,549,351		5,306,651
Net gain on investments		(15,486)			(15,486)
Net income/(expenditure)	for
the year		(258,186)	5,549,351		5,291,165
Transfers between funds		(204,847)	204,847
Corporation tax
Actuarial losses on defined
benefit pension scheme		39,000			39,000
Net movement in
funds for the year		(424,033)	5,754,198		5,330,165
Reconciliation offunds
Total funds brought forward		661,612	3,480,521	500	4,142,633
Total funds carried forward		237,579	9,234,719	500	9,472,798