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2021-03-31-accounts

2021 2020
Unrestricted Restricted Total Total
fund funds funds funds
Notes E E f E
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 94,191 87,316 181,507 16,536
Charitable activities
Charitable activities 2,229 2,229 64,930
Other trading
activities		 3 1,229 1,229 733
Investment income 4 47,093 47,093 53,226
Total 144,742 87,316 232,058 135,425
EXPENDITURE ON
Charitable activities
Charitable activities 48,756 98,193 146,949 146,358
NET INCOME/(EXPENDITURE) 95,986 (10,877) 85,109 (10,933)
RECONCILIATION
OF		 FUNDS
Total funds brought forward 20,219 1,495,601 1,515,820 1,526,753
TOTAL FUNDS CARRIED FORWARD 116,205 1,484,724 1,600,929 1,515,820

2021 2020
Unrestricted Restricted Total Tata I
fund funds funds funds
Notes E E E E
FIXEDASSETS
Tangible assets 12 7,856 727,291 735,147 743,458
Heritage assets 13 750,454 750,454 750,454
Investments 14 15 15 15
7871 LJ477g745 1485~616 1,493,927
CURRENT ASSETS
Debtors 15 2,656 2,656 7,654
Prepayments and accrued income 7,822 455 8,277 8,400
Cash at bank 110,784 6,525 117,309 24,830
121,262 6,980 128,242 40,884
CREDITORS
Amounts
falling due within one year		 16 (12,929) (12,929) (18,991)
NET CURRENT ASSETS 108,333 6,980 115,313 21,893
TOTAL ASSETS LESSCURRENT LIABILITIES 116,204 1,484,725 1,600,929 1,515,820
NET ASSETS 116p204 Lp484~725 Lp600~929 1515820
FUNDS 18
Unrestricted
funds		 116,204 20,219
Restricted
funds		 1,484,725 1,495,601
TOTAL FUNDS 1,600,929 1,515,820

DONATIONS
AND LEGACIES
2021 2020
E E
Donations 11,071 5,556
Gift aid 2,132 2,247
Grants 168,304 8,733
181,507 16,536
OTHER TRADING ACTIVITIES
2021 2020
E E
Income from trading 229
Sponsorships 400
Consulting 1,000 333
1,229 733
INVESTMENT INCOME
2021 2020
E E
Rental income 47,093 53,226

INCOME FROM CHARITABLE FROM CHARITABLE FROM CHARITABLE FROM CHARITABLE ACTIVITIES ACTIVITIES
2021 2020
Activity f f
Museum income Charitable activities 2,229 64,930
CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
f f f
Charitable activities 79,394 67,555 146,949
DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
f f
Staff costs 60,111 59,203
Exhibition costs 321 5,660
Equipment and materials 13,324 13,887
Professional and consultancy fees 500 17
Marketing and publicity 1,753 3,417
Web and graphic design 3,378 2,796
Interest payable and similar charges 7
79394 84,980
SUPPORT COSTS
Information Support Governance
technology
f		 costs
f		 costs
f		 Totals
f
Chaditable activities 17,707 47,848 2,000 67,555
Support costs, included in the above, are as follows:
2021 2020
Charitable Total
activities activities
f f
Repairs and renewals 17,707 7,801
Staff and volunteer training 348 332
Insurance 6,343 5,961
Utilities 10,748 10,926
Office costs 5,689 7,163
Sundry 5,394 8,205
Professional fees 3,810 3,818
Depreciation oftangible fixed assets 15,516 15,172
Examiner's fees 2,000 2,000
67,555 61,378

2021 2020
E E
Depreciation - owned assets 15,516 15,174

2021 2020
F. E
Wages and salaries 59,208 57,796
Social security costs 549
Other pension costs 903 858
60,111 59,203
The average monthly number ofemployees during the year was as follows:
2021 2020
Management and administration 4 4

TANGIBLE FIXEDASSETS
Freehold Office Computer
property equipment equipment Totals
f E E E
COST
At 1April 2020 839,754 33,515 3,406 876,675
Additions 7,205 7,205
At31March 2021 839,754 33,515 10,611 883,880
DEPRECIATION
At 1April 2020 119,244 12,042 1,931 133,217
Charge for year 12,596 2,235 685 15,516
At 31March 2021 131,840 14,277 2,616 148,733
NET BOOK VALUE
At 31March 2021 707,914 19,238 7,995 735,147
At 31March 2020 720,510 21,473 1,475 743,458

HERITAGE ASSETS
Total
E
MARKET VALUE
At 1April 2020 and 31March 2021 750,454
NET BOOK VALUE
At 31March 2021 750,454
At 31March 2020 750,454

DEBTORS:AMO UN TS F ALLING DUE WITHIN O NE YEAR
2021 2020
E E
Trade debtors 2,090 6,108
Amounts
owed		 by group undertakings 566 1,515
Other debtors 31
2,656 7,654
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
E f
Trade creditors 6,366 6,685
Social security and other taxes 2,099
Accruals and deferred income 6,563 10,207
12,929 18,991
LEASING AGREEMENTS
Minimum
lease		 payments under non-cancellable operating leases fall due as follows:
2021 2020
E E
Within one year 624 99
Between one and five years 2,392
3,016 99
MOVEMENT
IN		 FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
E E f
Unrestricted
funds
General fund 20,219 95,985 116,204
Restricted funds
Coffin Works fund 1,495,601 (15,081) 1,480,520
Historic England fund 3,750 3,750
The Esme Fairbairn Foundation supported
by the Museums Association 455 455
1,495,601 (10,876) 1,484,725
TOTAL FUNDS 1,515,820 85,109 1,600,929

Incoming Resources Movement
resources expended in funds
E E f
Unrestricted
funds
General fund 144,742 (48,757) 95,985
Restricted funds
Coffin Works fund (15,081) (15,081)
National
Lottery		 Heritage Fund (Covid Emergency) 16,999 (16,999)
Historic England fund 3,750 3,750
Emergency
Response		 Fund 12,235 (12,235)
The Esme Fairbairn Foundation supported
by the Museums Association 20,850 (20,395) 455
Greater Birmingham and Solihull Local
Enterprise Scheme 1,195 (1,195)
Arts Council Grant 32,287 (32,287)
87,316 (98,192) (10,876)
TOTAL FUNDS 232,058 (146,949) 85,109
Comparatives
for movement		 in funds
Net
movement At
At 1.4.19 in funds 31.3.20
f E E
Unrestricted
funds
General fund 18,023 2,196 20,219
Restricted funds
Coffin Works fund 1,508,730 (13,129) 1,495,601
TOTALFUNDS 1,526,753 (10,933) 1,515,820

Incoming Resources Movement
resources expended in funds
E E E
Unrestricted funds
General
fund		 129,692 (127,496) 2,196
Restricted funds
Coffin Works fund 5,733 (18,862) (13,129)
TOTALFUNDS 135,425 (146,358) (10,933)
Purpose of Unrestricted Funds
General fund