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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03820001 (England and Wales) REGISTERED CHARITY NUMBER: 1077086

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2021

for

Sharpes Pottery Heritage and Arts Trust

Amos Accountancy & Bookkeeping Services 31 West Street Swadlincote Derbyshire DE11 9DN

Sharpes Pottery Heritage and Arts Trust

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Chairman's Report 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

Sharpes Pottery Heritage and Arts Trust

Chairman's Report for the Year Ended 31 March 2021

I would like to thank the two previous Chair's within this year for their amazing work. Firstly, the hard working and committed Kim Coe for her contribution to the redesign and re-imagining of the Museum. Secondly, Maria Picken, a hugely talented and expert ceramist whose passion for pottery and the Museum drove the vision of how our work and cultural offer could be of maximum benefit to local communities and visitors from around the world alike.

I took up the post of Chair in October 2021, as the country emerged from the impact of the lockdowns both to communities and to the museum sector. From April 2020 to March 2021 Sharpe's Trust took the difficult decision to close the Museum, but to retain our wonderful staff as long as possible through the furlough scheme. Sadly during this period we did end up with most staff moving on, we thank them for their commitment to the Museum over this time.

Whilst the doors were closed the Trustees and remaining staff member were busy. We took the opportunity to plan a safer one-way visitor route, design new displays and visitor attractions and to focus on how the Museum could have a sustainable future. The new visitor route focuses on local heritage and as part of these changes our long standing partners who have contributed to many successful events, the Tourist Information Centre and Swadlincote Therapy Rooms, have relocated. We thank South Derbyshire District Council for their continued support over this time.

It has been for us, as for many others, a very difficult year but we passionately believe in the contribution Sharpe's Museum can make to local groups, the younger generation, the local economy and to preserving local heritage. I thank all the volunteers, staff, the Trustees, Magic Attic, People Express and our partners who all help to make 'Sharpe's' happen and we hope will continue to do so.

Page 1

Sharpes Pottery Heritage and Arts Trust

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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

Objectives and activities a. Objectives, mission and vision

Our mission is to preserve the past to secure the future of local heritage

Our vision is to work in partnership with community groups to engage in heritage, arts and support inclusive learning and development while promoting health and well being.

To achieve this, we will harness the powerful combination of our key assets: our iconic building, our collection and our learning and engagement offer to reach a wide audience.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. b. Strategies for achieving objectives

The financial year 2020-2021 was the year of the Pandemic. Our museum, our shop, the cafeteria and our play area were all closed throughout the entirety of the year. Our income, other than grant income and rent and voluntary contributions from our partner charities and lease, has been effectively zero. We have had to adapt and adapt quickly - but always safely.

As reported in our last report work was already underway to make significant changes to the way the Museum and Trust carried out their objectives. Although delayed by the pandemic by the end of the financial year much had been achieved and we were in a strong position to re-open when permitted to do so. We eventually re-opened in June 2021 although the cafeteria remains closed as we write this report.

Building work has been carried out by contractors with help from volunteers and trustees and, following Covid19 requirements, a 'one way' flow throughout the Museum was established ready for re-opening. This necessitated saying goodbye to our tenant, Anne Huckerby, and her 'Therapy' business. The space thus created enable the 'one way' flow to be completed and new display areas to be developed. The vacating of space by the Tourist Information Centre facilitated further developments. This included the construction of a DDA compliant toilet facility on the ground floor of the Museum. The facility includes a hoist and a changing bed suitable for both children and adults - a first for the Museum and we are advised also a first for a building open to the public in South Derbyshire. An area that was formerly a stairway and some toilets has been converted into a 'craft workshop' and an additional office space both of which are available for hire and will in due course add to our income raising potential. The Trust is strongly focused on maximising the income that we can get from others who will make use of our superb facilities so that we can use that income to, as our Mission Statement says: 'preserve the past to secure the future of local heritage'. Plans are in place for music and other performances, for a wide range of activities for children and families and for weddings and other 'events' to take place in our iconic spaces, not least the 'Kiln Hovel'. We engaged professional support (Rowena Hamilton) in January 2021 to assist with the total reconfiguration of our collection and displays. The graphic signature and look of the Museum were renewed with the superb support from Burton and South Derbyshire College and both our website and Facebook pages were totally revised to reflect our 'new look'. Our opening hours were also revised taking account of previous users' feedback and to more closely align with our partner, Magic Attic Archive, who we share the building with. As mentioned in the Chair's report we furloughed the museum staff and by mid-summer it was sadly obvious that those on casual contracts would need to have their contracts terminated as there was no prospect of the Museum re-opening in the foreseeable future. The Centre Manager left the organisation at about the same time. With only one part-time staff member remaining much of the work in and responsibility for the Museum fell to the Trustees and a few very hard working volunteers. In particular, the long term representative of South Derbyshire District Council on the Board, Nicola Lees, left the council and became both a Trustee and the Treasurer. Nicola had a crucial role in 'holding the centre ground' so that others could use their time most effectively. With the resignation of Kim Coe as Chair Maria Picken stepped up to that position and guided the Trust skilfully towards a post-Covid future. Our Company Secretary, Julie Goodwin, resigned in November 2020 and Ian Bottrill was appointed both as a Trustee and Company Secretary at that time.

c. Main activities undertaken to further the Charity's purposes for the public benefit.

As will be obvious from the above actual 'activities' between March 2020 and March 2021 have effectively stopped completely. We have used the time very effectively so that, once re-opened, we will be able to offer as wide a range of activities to further public benefit as possible. We have listed many of the relevant developments in the previous section.

Page 2

Sharpes Pottery Heritage and Arts Trust

Report of the Trustees

for the Year Ended 31 March 2021

FUTURE PLANS

The period to which this report relates was characterised by the closure of the museum and all associated event and activities due to the COVID-19 pandemic. During this period the Trust were active in developing plans to support the effective reopening of the museum later in 2021.

These plans included a complete refurbishment of the museum and it's displays. Further, some building work was undertaken to make the museum COVID safe and to ensure a better flow of visitors throughout the building. The cafeteria in the museum was closed to the public throughout the period to which this report relates and the board have taken steps to ensure that it reopens as soon as possible once COVID restrictions are lifted.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Constitution

The charity and the group is registered as a charitable company limited by guarantee and was established by a Memorandum of Association on 5th August 1999 and is also a registered charity (Number 1077086)

b. Methods of appointment or election of Trustees

Originally founder members included local heritage and arts based community groups, a regeneration partnership and South Derbyshire District Council. Those members initially appointed directors and the board have since then been augmented but the co-option and subsequent re-election of community representatives. The representation of the District Council has been changed by mutual agreement during the year so that that there is now one councillor as a non-voting representative on the Board together with a designated council officer.

Two founder organisations retain the right to nominate directors. These are People Express and the Magic Attic Archive. Additional directors are drawn from the community to provide the desired range of knowledge and skills for the effective running of the trust's affairs.

c. Organisational structure and decision-making policies

All policy and strategic decisions, including the approval of business plans and budgets, are taken at board level. The full board meets every two months. Subcommittees meet as required and are chaired by a trustee and deal with specific areas under delegated authority.

Risk assessments are reviewed regularly and policies for minimising and managing risk and insurance against insurable risk are in place and regularly reviewed.

d. Financial Risk Management

The trustees have assessed the major risks to which the Group and the Charity are exposed. In particular those related to the operations and finances of the Group and the Charity and are satisfied that those systems and procedures are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03820001 (England and Wales)

Registered Charity number

1077086

Registered office

Sharpes Pottery Museum West Street Swadlincote Derbyshire DE11 9DG

Page 3

Sharpes Pottery Heritage and Arts Trust

Report of the Trustees

for the Year Ended 31 March 2021

Trustees

Mrs J D Batten Development Director Of Charit C J Beech University Dean I C Bottrill Retired (appointed 16.11.20) W Whitaker M Wroughton (appointed 16.3.21)

Julie Batten (she/her) Chair of Trustees (from October 2021)

Trustees Report for the year ended 31 March 2021

The Trustees present their annual report together with the audited financial statement of the charity for the year 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).

Since the group and the charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted

Company Secretary

I C Bottrill

Auditors

Amos Accountancy & Bookkeeping Services 31 West Street Swadlincote Derbyshire DE11 9DN

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Sharpes Pottery Heritage and Arts Trust for the purposes of company law) are responsible for preparing the Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 4

Sharpes Pottery Heritage and Arts Trust

Report of the Trustees for the Year Ended 31 March 2021

TRUSTEES' RESPONSIBILITY STATEMENT - continued

Statement of Trustees' responsibilities

The trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of the incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

" select suitable accounting policies and then apply them consistently;

" Observe the methods and principles of the Charities SORP;

" Make judgments and accounting 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;

" Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and 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 Group and the Charity and hence for taking reasonable steps for the prevention and detection fraud and other irregularities.

AUDITORS

The auditors, Amos Accountancy & Bookkeeping Services, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 7 December 2021 and signed on its behalf by:

Mrs J D Batten - Trustee

Page 5

Report of the Independent Auditors to the Trustees of Sharpes Pottery Heritage and Arts Trust

Opinion

We have audited the financial statements of Sharpes Pottery Heritage and Arts Trust (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 6

Report of the Independent Auditors to the Trustees of Sharpes Pottery Heritage and Arts Trust

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue as Auditors report that includes our opinion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Amos Accountancy & Bookkeeping Services Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 31 West Street Swadlincote Derbyshire DE11 9DN

21 December 2021

Page 7

Sharpes Pottery Heritage and Arts Trust

Statement of Financial Activities

for the Year Ended 31 March 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,656
Charitable activities
Grants
95,054
Other trading activities
2
442
Investment income
3
29,580
Total
126,732
EXPENDITURE ON
Raising funds
4
45,278
Other
177,115
Total
222,393
NET INCOME/(EXPENDITURE)
(95,661)
Transfers between funds
13
91,472
Other recognised gains/(losses)
Gains/(losses) on revaluation of fixed assets
(23,539)
Net movement in funds
(27,728)
RECONCILIATION OF FUNDS
Total funds brought forward
570,043
TOTAL FUNDS CARRIED FORWARD
542,315		 Restricted
funds
£
-
106,883
-
-
106,883
-
-
-
106,883
(91,472)
-
15,411
(15,411)
-		 31.3.21
Total
funds
£
1,656
201,937
442
29,580
233,615
45,278
177,115
222,393
11,222
-
(23,539)
(12,317)
554,632
542,315		 31.3.20
Total
funds
£
2,748
118,653
47,772
31,420
200,593
113,098
103,829
216,927
(16,334)
-
-
(16,334)
570,966
554,632

The notes form part of these financial statements

Page 8

Sharpes Pottery Heritage and Arts Trust

Balance Sheet

31 March 2021

Notes
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
489,779
1
489,780
22,241
72,970
95,211
(42,676)
52,535
542,315
542,315		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 31.3.21
Total
funds
£
489,779
1
489,780
22,241
72,970
95,211
(42,676)
52,535
542,315
542,315
542,315
-
542,315		 31.3.20
Total
funds
£
506,989
1
506,990
39,289
24,285
63,574
(15,932)
47,642
554,632
554,632
570,043
(15,411)
554,632

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

continued...

Page 9

Sharpes Pottery Heritage and Arts Trust

Balance Sheet - continued

31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 7 December 2021 and were signed on its behalf by:

J D Batten - Trustee

The notes form part of these financial statements

Page 10

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 11

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2.
OTHER TRADING ACTIVITIES
Fundraising events
Trading subsidiary income
Talks, Tours & Educatinal Days
Second Hand Book Sales
3.
INVESTMENT INCOME
Rents received
4.
RAISING FUNDS
Raising donations and legacies
Trading subsidiary expenses
Support costs
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Trading subsidiary expenses		 31.3.21
£
442
-
-
-
442
31.3.21
£
29,580
31.3.21
£
400
44,878
45,278
31.3.21
£
25,853
400		 31.3.20
£
4,435
42,653
532
152
47,772
31.3.20
£
31,420
31.3.20
£
2,777
110,321
113,098
31.3.20
£
23,795
2,777

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

Page 12

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

8.

Museums Operations
Tourist Information Centre
Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,748
Charitable activities
Grants
33,978
Other trading activities
47,772
Investment income
31,420
Total
115,918
EXPENDITURE ON
Raising funds
62,061
Other
54,780
Total
116,841
NET INCOME/(EXPENDITURE)
(923)
RECONCILIATION OF FUNDS
Total funds brought forward
570,966
TOTAL FUNDS CARRIED FORWARD
570,043		 31.3.21

-
-
2
2
Restricted
funds
£
-
84,675
-
-
84,675
51,037
49,049
100,086
(15,411)
-
(15,411)		 31.3.20
4
4
2
10
Total
funds
£
2,748
118,653
47,772
31,420
200,593
113,098
103,829
216,927
(16,334)
570,966
554,632

continued...

Page 13

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1 April 2020
322,613
Additions
-
At 31 March 2021
322,613
DEPRECIATION
At 1 April 2020
65,859
Charge for year
6,452
At 31 March 2021
72,311
NET BOOK VALUE
At 31 March 2021
250,302
At 31 March 2020
256,754
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
There were no investment assets outside the UK.
DEBTORS
Amounts falling due within one year:
Prepayments and accrued income
Amounts falling due after more than one year:
Amounts owed by group undertakings
Aggregate amounts		 Improvements
to
property
£
1,569,009
-
1,569,009
1,333,143
6,459
1,339,602
229,407
235,866		 Fixtures
and
fittings
£
141,282
8,643
149,925
126,913
12,942
139,855
10,070
14,369		 Computer
equipment
£
8,498
-
8,498
8,498
-
8,498
-
-
31.3.21
£
240
22,001
22,241		 Totals
£
2,041,402
8,643
2,050,045
1,534,413
25,853
1,560,266
489,779
506,989
Listed
investments
£
1
1
1
31.3.20
£
240
39,049
39,289

10. FIXED ASSET INVESTMENTS

11. DEBTORS

continued...

Page 14

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1.4.20
£
570,043
(15,411)
554,632
follows:
Incoming
resources
£
126,732
106,883
233,615		 Net
movement
in funds
£
(119,200)
106,883
(12,317)
Resources
expended
£
(222,393)
-
(222,393)
At 1.4.19
£
570,966
-
570,966		 31.3.21
31.3.20
£
£
42,245
6,384
-
1,354
431
431
-
7,763
42,676
15,932
Transfers
between
At
funds
31.3.21
£
£
91,472
542,315
(91,472)
-
-
542,315
Gains and
Movement
losses
in funds
£
£
(23,539)
(119,200)
-
106,883
(23,539)
(12,317)
Net
movement
At
in funds
31.3.20
£
£
(923)
570,043
(15,411)
(15,411)
(16,334)
554,632

13. MOVEMENT IN FUNDS

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continued...

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
115,918
84,675
200,593		 Resources
Movement
expended
in funds
£
£
(116,841)
(923)
(100,086)
(15,411)
(216,927)
(16,334)		 Resources
Movement
expended
in funds
£
£
(116,841)
(923)
(100,086)
(15,411)
(216,927)
(16,334)
(16,334)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1.4.19
£
570,966
-
570,966		 Net
movement
in funds
£
(120,123)
91,472
(28,651)		 Transfers
between
funds
£
91,472
(91,472)
-		 At
31.3.21
£
542,315
-
542,315

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 Incoming
resources
£
242,650
191,558
434,208		 Resources
expended
£
(339,234)
(100,086)
(439,320)		 Gains and
Movement
losses
in funds
£
£
(23,539)
(120,123)
-
91,472
(23,539)
(28,651)		 Gains and
Movement
losses
in funds
£
£
(23,539)
(120,123)
-
91,472
(23,539)
(28,651)
(28,651)

Page 16

continued...

Sharpes Pottery Heritage and Arts Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 17

Sharpes Pottery Heritage and Arts Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1,656 2,748
Other trading activities
Fundraising events 442 4,435
Trading subsidiary income - 42,653
Talks, Tours & Educatinal Days - 532
Second Hand Book Sales - 152
442 47,772
Investment income
Rents received 29,580 31,420
Charitable activities
Grants 201,937 118,653
Total incoming resources 233,615 200,593
EXPENDITURE
Raising donations and legacies
Trading subsidiary expenses 400 2,777
Other
Wages 71,545 79,606
Social security - 428
Depreciation of tangible fixed assets 25,853 23,795
97,398 103,829
Support costs
Management
Licenses & membership 969 -
Insurance 6,390 5,829
Light and heat 13,351 17,778
Rent, rates and Water 7,710 20,474
Equipment Purchases 1,424 1,257
Advertising 20,493 489
Cleaning 808 2,692
Professional Fees 3,926 8,150
55,071 56,669
Finance
Postage and stationery 5,733 3,842
Sundries 281 1,696
Carried forward 6,014 5,538

This page does not form part of the statutory financial statements

Page 18

Sharpes Pottery Heritage and Arts Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
Finance
Brought forward 6,014 5,538
Bank charges 10 -
Merchant Charges 122 -
6,146 5,538
Information technology
Training 4,455 -
Repairs and renewals 15,867 3,568
20,322 3,568
Governance costs
HLF Securing the Future 35,904 28,082
Townscape - 8,519
Accountancy and legal fees 7,152 7,945
43,056 44,546
Total resources expended 222,393 216,927
Net income/(expenditure) 11,222 (16,334)

This page does not form part of the statutory financial statements

Page 19