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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04265110 (England and Wales)
REGISTERED CHARITY NUMBER: 1093763

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

FOR

HAVERING MUSEUM LIMITED

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
HAVERING MUSEUM LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Page Page Page
Chairman's Report 1 to 2
Report of the Trustees 3 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
HAVERING MUSEUM LIMITED

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Havering Museum - Review of the Year 2020-2021

LookingbackatouryearIamleftwiththethoughtthattoughtimesneverlast,buttoughpeople do.
ThisishowIseeouroutstandingvolunteerswhohaveweatheredthepandemicstormwithusand have
pulledtogethertobringusouttheotherside.Agreatachievementasweallarestartingtoseea degree
of normality.
WehaveallseenunprecedentedlifechangingeventsnotjustfortheMuseumbutinour families,
communities,countryandtheworld.Noneofushaslivedthroughapandemicbeforeand faced
unbelievabledifficulties,whichhaskeptpeopleapart.AttheheartofourMuseumhasbeenthe people,
volunteersandourvisitingcommunities.TokeepthemsafeweclosedtheMuseumon23March 2020
anddidn'treopenuntil23July2021,whenweknewitwouldbesafeforeveryoneandwewereCovid 19
secure.
Idon'twanttoreflectonthenegativityofthisyear,enforcedclosureandlossofincomeforthe Museum,
butsharethestoryofwhatwehaveachievedagainsttheoddsandtheresilienceofmanyof our
volunteers who steered us through this storm.
Inreviewingourbusinesstargetsweacceptthateverythinghadtostopinlockdown,butwedid manage
toembracetechnologyandstreamintosomepeople'shomeswiththeuseofZoom,todeliver monthly
Photographicsessions,whichaccountedforour277virtualvisitorsandwehadvirtualBoard meetings.
Financiallyourincomewas(£26,030)whichismadeupmainlyofgovernmentgrants,VAT repayments,
sponsorshipmoneyfrom2019etc.Whilstclosedwestillincurredcostswhichamounted(£14,188). A
smallcoreteamofvolunteershavekeptintouchwithourvolunteersandsomeofour communities,
maintainedthebuildingandourinfrastructure,soughtoutgrantsandobtainedthreegrants (£23,039)
andcarriedoutworkbehindthescenes,onvariousprojects.Oneoftheseprojectsistobring the
wonderfulbronzeageartefacts,knownasHaveringHoardno.4totheMuseuminFebruary2022. The
Hoard will be with the Museum for three years.
Someprogresshasbeenmadeagainstourbusinessplansintheformofstartingour digitisation
programme,refreshingthegalleriesandexploringnewkiosksinadditiontolookingatre-energising the
schools programme and building a more robust positive working relationship with them.
SignificantplanningtookplaceinthelatterpartoftheyeartoensuretheMuseumbecameCovid secure
andtoorganiseeventswhichcouldbesafelydeliveredinaphasedreopening.Ourapproachwasto have
heritagewalks,thenrefreshingandopeningthegalleriestopilotingregulareventsandexhibitions.All of
these have been successfully implemented.
Partnerhips-Whilstthiswasadormantyearseveralofoursponsorshippartnersagreedto recommence
their sponsorship in 2021/22 and our involvement with DiscoverMe and Valence House continues.

Our sponsors / partners are:

Moore Kingston Smith - Education programme and leaflet
Mullis & Peake - Reminiscence Group
Clemence Hoar Cummings - Variety Club
Friends of Havering Museum - Purchase of equipment
IwouldliketoextendourthankstotheFriendsofHaveringMuseumwhoduringthelockdown purchased
three models of Upminster High Street shops for our Collection.
TheLondonBoroughofHaveringhasactivelysupportedtheMuseumandprovidedadviceand guidance
also on a variety of topics which we greatly appreciate.
WewillcontinueourpartnershipwithHaveringCollegeStudentsUnion,AbellioGreaterAnglia Trains,
Days Out/Essex Tourist in providing discount tickets when open.

Future Plans

Page 1
HAVERING MUSEUM LIMITED

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Thecomingyearwillbeayearofadaptability.Aswestarttocomeoutofthepandemicwehave to
weatherthewinterseasonandremainflexibleandkeepthesafetyofourvolunteersandcommunities at
the fore front of our agenda.
Itisessentialthatwerebuildourcommunitiesandembracenewmediumsofcommunications with
audiences,aslearntinthepandemic.Wewillstrengthenourworkwithourpartners,schools,digitise our
Collections,refreshfurtherourgalleries,welcomingtheHaveringHoardandhopefullyrecruiting new
volunteers.  It is also planned to refresh the exterior of the Museum.
During2020welosttheopportunityofcelebratingour10thanniversarybutwewillmarkthisoccasion in
2022 with some form of celebration, as we have come so far.
Thesehavebeenextremelyhardtimesandwewillstillhavesignificantchallengescomingourway but
positivityandexcellentteamworkbyourbandofcommittedvolunteersandsupportingcommunities will
ensure we remain a 'Community Hub' for all.
In closing just two words say it all - thank you.
Page 2
HAVERING MUSEUM LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Theobjectivesaretoeducatethepublicbypromotion,support,assistanceandimprovementof the
HaveringMuseum.Thepoliciesadoptedinfurtheranceoftheseobjectiveshavenotchangedduring the
year.ThecharitywasformedtoadministerandruntheHaveringMuseumlocatedat19-21HighStreet ,
Romford , Essex, RM1 1JU.
TheBoardofDirectorshaspaiddueregardtoguidanceissuedbytheCharityCommissionin deciding
what activities the charity should undertake.
The charity's primary activity throughout the year was the administration and promotion of the Havering
Museum.

Achievements and performance

The trustees have continued to generate admission income and other income to further advance the
objectives of the charity.

FINANCIAL REVIEW

Financial position

Thecharityhasgeneratedincomingresourcesof£26,030(2020:£17,553)andanetsurplusof £11,842
(2020:deficitof£7,303)resultedafterdeductingcharitableexpenditureandgovernancecosts. The
MuseumhasbeenfundedtoalargeextentbymoniesfromtheLondonBoroughofhaveringand efforts
are being made to supplement these monies to enable the museum to continue.
TheBoardofDirectorshaveassessedthemajorriskstowhichthecharityisexposed,andare satisfied
that systems are in place to mitigate exposure to these risks.

Reserves policy

Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecific use
shouldbemaintainedatalevelequivalenttobetweenthreeandsixmonth'sexpenditure.TheBoard of
Directorsconsiderthatreservesatthislevelwillensurethat,intheeventofasignificantdropin funding,
theywillbeabletocontinuethecharity'scurrentactivitieswhileconsiderationisgiventowaysin which
additional funds may be raised. This level of reserves has been maintained.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04265110 (England and Wales)

Registered Charity number

1093763

Registered office

Havering Museum
19-21 High Street
Romford
Essex
RM1 1JU
Page 3
HAVERING MUSEUM LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Trustees

P E Wilkes
B D Evans
J R Garnell
P S Johnson
D A Lynch (resigned 17/6/2021)
E Owen
J A Shingleton
P Stewart
F H V Thompson
L K Westwood
A S Curtin

Company Secretary

P E Wilkes

Independent Examiner

Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by:
P E Wilkes - Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAVERING MUSEUM LIMITED

Independent examiner's report to the trustees of Havering Museum Limited ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2021.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Lee Blunden
FCCA CTA
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Date: .............................................
Page 5
HAVERING MUSEUM LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
1,870
Charitable activities
4
Admissions and promotion
940
Investment income
3
181
Other income
23,039
Total
26,030
EXPENDITURE ON
Raising funds
5
1,738
Charitable activities
Admissions and promotion
12,450
Total
14,188
NET INCOME/(EXPENDITURE)
11,842
RECONCILIATION OF FUNDS
Total funds brought forward
123,811
TOTAL FUNDS CARRIED FORWARD
135,653
Restricted
fund
£
-
-
-
-
-
-
-
-
-
1,000
1,000
2021
Total
funds
£
1,870
940
181
23,039
26,030
1,738
12,450
14,188
11,842
124,811
136,653
2020
Total
funds
£
6,896
10,492
165
-
17,553
3,165
21,691
24,856
(7,303)
132,114
124,811
The notes form part of these financial statements
Page 6

HAVERING MUSEUM LIMITED

STATEMENT OF FINANCIAL POSITION 31 MARCH 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
738
CURRENT ASSETS
Stocks
10
1,231
Debtors
11
4,078
Cash at bank and in hand
130,988
136,297
CREDITORS
Amounts falling due within one year
12
(1,382)
NET CURRENT ASSETS
134,915
TOTAL ASSETS LESS CURRENT
LIABILITIES
135,653
NET ASSETS
135,653
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
fund
£
-
-
-
1,000
1,000
-
1,000
1,000
1,000
2021
Total
funds
£
738
1,231
4,078
131,988
137,297
(1,382)
135,915
136,653
136,653
135,653
1,000
136,653
2020
Total
funds
£
2,028
1,231
4,734
119,897
125,862
(3,079)
122,783
124,811
124,811
123,811
1,000
124,811
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
20 December 2021 and were signed on its behalf by:
P E Wilkes - Trustee
The notes form part of these financial statements
Page 7
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Fixtures and fittings
- 33% on cost

Stocks

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.

Taxation

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

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 8
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2.
DONATIONS AND LEGACIES
Donations
Admissions
Donated services and facilities
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Sales
Admissions and promotion
5.
RAISING FUNDS
Raising donations and legacies
Support costs
Other trading activities
Purchases
Staging fundraising events
Advertising
Aggregate amounts
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
2021
£
1,540
-
330
1,870
2021
£
181
2021
£
940
2021
£
845
2021
£
-
758
135
893
1,738
2021
£
1,290
2020
£
4,334
1,995
567
6,896
2020
£
165
2020
£
10,492
2020
£
4,334
1,995
567
6,896
2020
£
165
2020
£
822
2020
£
20
1,756
567
2,343
3,165
2020
£
1,841
continued...
Page 9
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for
the year ended 31 March 2020.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,896
Charitable activities
Admissions and promotion
10,492
Investment income
165
Total
17,553
EXPENDITURE ON
Raising funds
3,165
Charitable activities
Admissions and promotion
21,691
Total
24,856
NET INCOME/(EXPENDITURE)
(7,303)
RECONCILIATION OF FUNDS
Total funds brought forward
131,114
TOTAL FUNDS CARRIED FORWARD
123,811
Restricted
fund
£
-
-
-
-
-
-
-
-
1,000
1,000
Total
funds
£
6,896
10,492
165
17,553
3,165
21,691
24,856
(7,303)
132,114
124,811
continued...
Page 10
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. TANGIBLE FIXED ASSETS

COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
10.
STOCKS
Finished goods
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
Accrued expenses
2021
£
1,231
2021
£
544
181
3,353
4,078
2021
£
139
396
-
847
1,382
Fixtures
and
fittings
£
17,226
Fixtures
and
fittings
£
17,226
15,198
1,290
16,488
738
2,028
2020
£
1,231
2020
£
369
409
3,956
4,734
2020
£
2,247
-
10
822
3,079
continued...
Page 11
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Heritage Lottery fund
Restricted funds
HLF WW1
TOTAL FUNDS
At 1.4.20
£
99,324
24,487
123,811
1,000
124,811
Net
movement
in funds
£
11,842
-
11,842
-
11,842
At
31.3.21
£
111,166
24,487
135,653
1,000
136,653
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Heritage Lottery fund
Restricted funds
HLF WW1
TOTAL FUNDS
Incoming
resources
£
26,030
26,030
At 1.4.19
£
106,627
24,487
131,114
1,000
132,114
Resources

expended
£
(14,188)
(14,188)
Net
movement
in funds
£
(7,303)
-
(7,303)
-
(7,303)
Movement
in funds
£
11,842
11,842
At
31.3.20
£
99,324
24,487
123,811
1,000
124,811
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
17,553
(24,856)
(7,303)
17,553
(24,856)
(7,303)
continued...
Page 12
HAVERING MUSEUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Heritage Lottery fund
Restricted funds
HLF WW1
TOTAL FUNDS
At 1.4.19
£
106,627
24,487
131,114
1,000
132,114
Net
movement
in funds
£
4,539
-
4,539
-
4,539
At
31.3.21
£
111,166
24,487
135,653
1,000
136,653
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
43,583
(39,044)
4,539
43,583
(39,044)
4,539

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2021 (2020: nil)
Page 13
HAVERING MUSEUM LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Admissions
Donated services and facilities
Investment income
Deposit account interest
Charitable activities
Sales
Other income
Government grants
Total incoming resources
EXPENDITURE
Other trading activities
Purchases
Staging fundraising events
Advertising
Charitable activities
Repairs and maintenance
Travel expenses
Light and heat
Computer costs
Postage and stationery
Insurance
Sundries
Subscriptions
Depreciation of tangible fixed assets
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)
2021
£
1,540
-
330
1,870
181
940
23,039
26,030
-
758
135
893
2,037
-
2,369
1,847
884
2,502
1,521
-
1,290
12,450
845
14,188
11,842
2020
£
4,334
1,995
567
6,896
165
10,492
-
17,553
20
1,756
567
2,343
7,961
46
4,632
1,948
2,283
2,374
263
343
1,841
21,691
822
24,856
(7,303)
This page does not form part of the statutory financial statements
Page 14