REGISTERED COMPANY NUMBER: 04959445 (England and Wales) REGISTERED CHARITY NUMBER: 1102638
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
FOR
BEXHILL MUSEUM (A COMPANY LIMITED BY GUARANTEE)
Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE
BEXHILL MUSEUM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | Page | Page | |
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | to | 11 |
| Notes to the Financial Statements | 12 | to | 22 |
BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
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 31st March 2022. 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 aims
The stated objectives of the charity are to provide a museum in order to promote, maintain, improve and advance the education of the public for their benefit, particularly by the presentation of exhibitions, lectures and other means of study relating to the display of local history, archaeology, history of costume, technology and engineering, the arts, ethnography, geology and social history.
Public benefit
The Trustees have confirmed that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit and in their opinion the foregoing report on the achievements and performance demonstrates that they have complied therewith.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities
The first steps were taken to 'bring home' Bexhill's original Merryweather firefighters' pump (1895) and place it on display in the Museum. The crews at Bexhill Community Fire Station are very supportive, and keen to start a campaign to fundraise for its restoration in 2022-23.
The Museum partnered with the educational services charity Sussex Music, local artist Vicky Craggs and the De la Warr Pavilion to run Holiday Activities & Food (HAF) projects for schoolchildren eligible for free school meals. The government sponsored scheme was the inspiration of footballer Marcus Rashford, and now operates across the country to support children from low-income families or with special needs.
Our patron Eddie Izzard's latest film Six Minutes to Midnight was released on 29 March 2021, marked by a flurry of public and media interest in the Museum, Eddie's popular model railways and our display of costumes from the film, designed by Lucinda Wright, loaned by the costumiers Angels, with production photos by Amanda Searle. Much of the interest focused on the history of the town's notorious finishing school for daughters of the Nazi elite, the Augusta Victoria College in Dorset Road, and Eddie's remarkable video interview with the late Mollie Hickie, who worked at the college as an au pair before the it closed on the outbreak of WWII.
A second special exhibition showcased the collections' national and folk costumes from around the world. Called Common Threads, it looked at shared materials and techniques in clothing design between different cultures. Temporary exhibitions such as these will become more frequent at the Museum in coming years in response to the Trustees' support for a policy of Dynamic Collections. This will create more opportunities to bring rare artefacts out of the stores to be displayed in ways that encourage visitors to make new connections between aspects of the collection and the district's history.
Artist Colin Heminway's Insight to Culture project restarted after being suspended due to COVID restrictions in 2020. InSight to Culture is an Arts Council England funded project, engaging members of the local community who are living with impaired vision. An interactive display for the Sargent Gallery was designed and installed by Colin with the needs of the visually impaired and blind held foremost. The project will continue for a period after the end of its funding with the support of volunteer Angela Hart, and a kind donation by Bexhill charity group Homecall, a home visiting scheme for the visually impaired.
A report by Judi Wilkinson of the Design & Access group considered ten areas for action to improve access for disabled people to the Museum. The most substantive list of options involved support for visitors with sight and or hearing loss. There were also recommendations relating to evacuation of disabled people in an emergency. The report added a specific recommendation to the County Council, asking that it add disabled parking bays, a safe stop and drop off no-waiting bay outside the Museum, and add no parking lines by the drop kerb leading to the Museum wheelchair access ramp.
The Education Team, led by Anne Lucarotti and Lesley Wilde, supported by Anne Stacey, have had an excellent year. Adapting quickly to the changes required by Covid, more loan boxes were created, and a system of safe quarantining put in place. As restrictions were lifted, schools could gradually start returning to formal in-person visits and continued loan box hires. In the year under review 747 children visited the Museum in person in 27 separate visits, and another 1,123 children made use of our boxes in their classes in 21 loans. The programme aims to expand in 2022-23, as we extend our outreach to schools further away, working with Hastings Museum as part of the Arts Council funded Museums & Schools development scheme.
At the very end of the financial year, Bexhill Museum took in an extensive collection of historical artefacts and high-quality replicas from the former Sussex Libraries & Museum Service (SLAMS). Nearly all were carefully boxed, designed for safe transport out on loan to local schools. The 200+ items range from dolls and models to actual Greek and Roman jewellery and kitchenware. The items will allow a substantial expansion in our loan box and general education programming.
Membership
Membership levels remain steady despite a falloff in renewals during the Covid lockdown months. Since a degree of normality has returned, the numbers of new and renewed memberships have begun to climb with 96 new members signing up during 2021-22. There were 320 members in total at time of writing.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
The Management Team apologises for missed or delayed deliveries of the Members' Newsletter since the end of lockdown. Again, at time of writing, the next edition, number 131, is due to be published in August, and the issue after that, in November.
Trustees
Due to expanding family and work commitments, Leah Fusco has asked to step down as a trustee. Two new trustees were chosen by the board for formal nomination and endorsement by the membership in October 2022. Dan Scales, a fundraiser at the De La Warr Pavilion since 2018, experienced in arts, heritage, community, and medical third sector organisations, and Professor Martin Bell, former Professor of Archaeological Science at Reading University and president of the Sussex Archaeological Society.
Dan told trustees that he was interested in discussing fundraising options for the Museum and helping to make better use of survey market data and other performance metrics. Martin said he looked forward to supporting the Museum's future work with the Hastings-Bexhill bypass finds, which may provide unique evidence of the effect of climate change on the local area during the Mesolithic period - a long time subject interest of his.
Possible additional trustees were being identified, including one with educational services expertise. Based on the findings of a Trustees 'Skills Audit' carried out by Natalie Tilbury, other trustees may be sought covering gaps in the capacity of the trustees to address financial and building management; environmental sustainability; business planning and HR policy management.
Vice-Chair Anne Stacey was honoured among 15 others by Rother Voluntary Action for her volunteer work at the Museum. The RVA said the award had been given not only for her many years of service, but also for her efforts to expand the Museum's services to a broader section of the Bexhill and Rother visitor base to include children, the disabled, special needs groups, and the elderly. Anne said that she had accepted the award on behalf of all the Museum's volunteers.
Volunteers
Bexhill Museum is volunteer-run and is completely dependent on their active contributions to keep us open and running smoothly. Volunteer Coordinator Gordon Smith runs the daily teams, with Angela Johnson and Beryl Feakins stepping in where necessary. There is healthy competition between the daily teams, with a weekly update on daily visitor figures and a challenge to see which team has the visitor from the 'furthest-flung' home base. The current record holders count a visitor from Christchurch New Zealand, 11,805 miles from Bexhill.
The Museum shop team of Beryl Feakins, Terri Pierce and Chris Waterfield worked hard to source interesting items and to enable the shop, once again, to perform well above targets set by sector experts for a museum of our size and type. Front of House regulars Karen Smith and Peter Booth remain stalwarts on the door, maintenance volunteer Brian Perry soldiers on, Julian Porter, Mari Edwards, Karen Smith maintain our popular social media presence and Jenny Snape keeps an eye on membership matters. There is also a strong team supporting the curator in documenting and caring for the collection led by Mary Bywater, Stella Hales-Morris, Mary Hart, Stuart Pemberton, Peter Rawles and others, including Cathy Pemberton, our natural history expert.
Maureen Newport has stepped back from the running of the St Augustine's Church Hall talks - to be succeeded by Jan Burton, who has programmed a new series of talks to begin (at time of writing) on 5 October 2022. Maureen has however taken over documentation in the costumes collection from Pam Malpass, who is moving to Scotland.
Maureen's late husband John Newport, who did so much to digitise the Museum's paper archives, wrote a book about the histories of soldiers of both World Wars, commemorated by war memorials in Hooe. It was published after his death and can be bought in the Museum shop. The Bexhill Museum Local History Study Group also published a book, editing and design led by Paul Wright and Alexis Markwick. On This Day in Bexhill-on-Sea is a calendar of local history events, packed with fascinating titbits of information. It too is also available in the Museum shop.
Led by trustee Peggy Goodberry, the fundraising & events volunteer teams began to return to action post Covid. Events included talks online and at St Augustine's, and the return of the popular monthly coffee mornings. Together these raised £2,144 after expenses for the Museum, including £644 raised by the November 2021 Curry Night at the Shiplu Restaurant, supported by fellow trustee Sally Hemmings.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
Our much-valued District Curator, Julian Porter, has contributed another year of dedication, knowledge, and never-ending enthusiasm, and will, we are sure, be certain to continue to do so as a full and active contributor to the Management Team's week-by-week operations.
Finally, we acknowledge the informed and generous contributions of chair Natalie Tilbury and vice-Chair Anne Stacey; their fellow trustees; Stella Hales-Morris and Gordon Smith in their roles as Management Team members; and business support officer and Secretary of the Board of Trustees, Rohan Jayasekera.
We also mourn the loss of two long-time supporters of the Museum. Pauline Bullock, chair of the Museum of Costume and Social History at Manor Barn in the Old Town in the run up to its merger with Bexhill Museum, who passed away this year, and Hazel Pratt, a former volunteer at Bexhill Museum. Hazel also left a generous legacy gift in her will for the Museum's work.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
FINANCIAL REVIEW
Financial position
We are pleased to report that the Museum has come out of the Covid-19 years relatively unscathed in financial terms.
The total funds carried forward - the broad 'value' of the charity at the end of the year - has fallen slightly on last year overall, from £222k to £218.5k. But as a business, the Museum has bounced back, with income from admissions, shop, and café in 2021-22 totalling £42 647 - compared to the previous year's Covid afflicted total of a little over £11k. Our figures for 2021-22 were better than predicted - our target figure for the year was £35,600, per our Service Level Agreement (SLA) with Rother District Council, and we surpassed that target by just over £7k.
As reported last year the Museum recorded a cash surplus of nearly £15,000 at the end of 2020-21, thanks to special donations, so we have dipped into that to cover an extra £3,550 worth of spending over income this year. As a result, all the internal investment planned for 2021-22 has been completed - surveys, shop fittings, new display cases, etc. From now on any new capital expenditure will be drawn from restricted income from grants. Project funding - such as that granted to the Insight to Culture project - was down by half this year, to £13.5k, but we hope to improve on this.
However, a look at the underlying data comparing 2021-22 to 2019-20 - essentially before and after Covid - shows that we have a way to go before we are properly out of the lockdown experience. Before Covid the Museum was comfortably over-performing on our visitor and audience targets - Museum visitors including schools, and outreach events. Reopening on May 18 after Covid, we have struggled to meet audience target figures set by our service agreement with Rother District Council. We had set a target of 15,220 visitors for 2021-22, but by the year's end had fallen short of that by 3,789.
In general, comparing per and post Covid performance, audiences have not yet returned to normal numbers. Only school visits and Tourist Information Point users have returned to pre-Covid levels. Pretty much all categories of visitors are a third down on pre-Covid figures, and some groups - the disabled and member visitors - are down by more than half. Thanks to the shop's continued success, the Museum's business income has increased by 8.4% comparing pre- and post-Covid numbers, as noted earlier. But visitor numbers are essential guides to long-term planning. We can raise all kinds of funds for projects and capital works, but the day-to-day costs of running the Museum must come from business income.
It will cost around £75k to run the Museum day-to-day during 2022-23 - self-funding schools activities and one-off projects aside. Apart from the £8.5k currently granted annually by Rother, this amount must be raised from admissions, shop sales and our fundraising volunteers. We can do this, but we will need more unrestricted income to secure stability and sustainability, and if doesn't come from audiences, it will have to come from new sources of public and private funding. This will come with conditions on how the Museum is operated, specifically that we work to attract a wider and more diverse audience base, and that we address some of the professional museum sector's new methodologies of collection care and management, and its concern that artefacts be better understood and comprehensively contextualised.
The Museum presses on with plans to add an extra education room with a park facing entrance. This will facilitate outdoor park events for children, improve the neglected open space between the boating pond and the Museum, and increase options for partnerships with other organisations, including those working with special needs groups. Parallel works on the rest of the ground floor will tackle the temperature, insect and humidity issues in the basement Museum stores and make them accessible. We plan to draw on second rounds of Arts Council and government DCMS funding, and possibly parts of future S.106 funding earmarked for Bexhill Museum from the Barnhorn Road, Worsham Farm & Pebsham developments, or funds allocated from the County Council's archaeological studies budget attached to the Hastings-Bexhill bypass works. Plans for works to better insulate the Sargent Gallery and replace the Museum's gas boilers with heat source pumps after 2023 are also in hand.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
Expenditure
There were two major capital purchases during 2021-22. The first was the purchase of two wall mounted dehumidifiers for the Costume and Sargent stores, the costs of which were covered by a one-off grant from the Pilgrim Trust, with the support of the Association of Independent Museums. The second was the installation of a long-planned secure glass display cabinet made to measure to fit the corridor space between the Sargent and Costume Galleries. The Museum also invested in detailed surveys to support our plans to repair the basement stores. These surveys will in time to come, enable steps towards extending the Museum - a long held ambition of the district curator - and give it a park-facing public entrance and activities space - a proposal inspired by our patron Eddie Izzard.
Reserves policy
At the end of March 2021, the General Unrestricted Fund, which represents the funds available for the day-to-day operation of the Museum had been nearly doubled, to £45,496. This left the Museum in a good place to handle the unknowns of the post-COVID months to come and the expected ancillary costs of preparing renovation work on the lower ground floor stores. However, these costs proved more manageable than feared. At end March 2022, the General Unrestricted Fund had been reduced to £39,243, a moderate fall under the circumstances - and well above the March 2020 figure of just £22,239. Of that £39,243, the rough equivalent of three months' turnover or £23,400 is put aside in a deposit account, to be held 'in the event of an emergency'. The term 'emergency' is simply defined as the enforced closure of the Museum, when the collection would have to be relocated, offered to other museums, or ethically disposed of, and any liabilities such as legal fees or redundancies covered.
The probability of such a scenario is extremely remote. Arguably, holding this level of cash reserves unnecessarily ties up funds that might be more constructively applied to the Museum's charitable & education works. The addition of several saleable high value replicas and collectibles to the education collection has added to the overall reserves' base value, meaning that the amount of reserves held in actual cash could be reduced, and the balance added to general investments in the Museum. One of the early objectives of the newly founded Trustees' Finance & Development Sub-Committee will be to redraft our reserves policy to take these changes into account, for approval by the trustees. An up-to-date reserves policy is also a requirement of the Museum's accreditation review, due in 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Company's governing documents are its Memorandum and Articles of Association dated 9 October 2003 and amended by written resolution dated 10 February 2004 and special resolutions dated 3 October 2012 and 20 October 2021.Copies of these documents are available by request. The company is limited by guarantee.
Recruitment and appointment of new trustees
The power of appointing new or additional Trustees is vested in the Trustees. Prior to appointment, new Trustees would be introduced to the workings of the charity, given a role description and advised of their responsibilities.
Organisational structure
The Management Team is appointed by the Trustees and meet weekly to review activities and manage the museum on a day-to-day basis. The group is made up of the volunteer coordinator, Gordon Smith, the Business Support Officer, Rohan Jayasekera, a representative of the Collections Care team, Stella Hales-Morris, and the Curator Julian Porter.
There is currently only one formal staff employee of the Museum, housekeeper Toni Neville, employed part-time for housekeeping duties. Rother District Curator Julian Porter MA is seconded by Rother District Council as Curator to Bexhill Museum. Rohan Jayasekera MSc MA is contracted by the Museum month-by-month on a part-time freelance basis as Business Support Officer.
Risk management
The Trustees have reviewed and identified the risks to which the charity is exposed and have ensured that appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have updated the existing Child Protection Policy to take account of changes in practice regarding the Safeguarding of vulnerable adults.
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BEXHILL MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04959445 (England and Wales)
Registered Charity number
1102638
Registered office
Bexhill Museum Egerton Road Bexhill-on-Sea East Sussex TN39 3HL
Trustees
Dr A G Stacey Mrs G D Bradley L Fusco (resigned 8/12/2021) P A Goodberry S A Hemmings G R Smith N R Tilbury
Patron
Eddie Izzard Honorary President Mr D J Betts Neither the Patron nor Honorary President is an officer of the charity.
Company Secretary
R A Jayasekera
Independent Examiner
Carol E. Barfoot Chartered Accountant Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE
Accountants
Gibbons Mannington & Phipps LLP 20 Eversley Road, Bexhill-on-Sea, East Sussex, TN40 1HE.
Bankers
Barclays Bank plc, Devonshire Road, Bexhill-on-Sea, East Sussex, TN40 1AG. CCLA Investment Management Ltd, COIF Charity Funds, 85 Queen Victoria Street, London, EC4V 4ET.
CHANGE OF NAME
The charitable company passed a special resolution on 17th November 2021 changing its name from Bexhill Museum Limited to Bexhill Museum.
Approved by order of the board of trustees on 10th August 2022 and signed on its behalf by:
Dr A G Stacey - Trustee
Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEXHILL MUSEUM
Independent examiner's report to the trustees of Bexhill Museum ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Carol E. Barfoot Chartered Accountant Gibbons Mannington & Phipps LLP 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE
6th September 2022
Page 8
BEXHILL MUSEUM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 76,284 Charitable activities Admission fees 20,768 Education room and training 4,115 Royalties from publications 132 Other trading activities 3 21,879 Investment income 4 51 Total 123,229 EXPENDITURE ON Raising funds 5 15,534 Charitable activities 6 Projects 1,876 Museum expenditure 89,047 Finance and administration services 18,336 Total 124,793 NET INCOME/(EXPENDITURE) (1,564) Transfers between funds 19 5,106 Net movement in funds 3,542 RECONCILIATION OF FUNDS Total funds brought forward 165,837 TOTAL FUNDS CARRIED FORWARD 169,379 |
Restricted funds £ 13,522 - - - - - 13,522 - 4,604 10,904 - 15,508 (1,986) (5,106) (7,092) 56,220 49,128 |
2022 Total funds £ 89,806 20,768 4,115 132 21,879 51 136,751 15,534 6,480 99,951 18,336 140,301 (3,550) - (3,550) 222,057 218,507 |
2021 Total funds £ 112,489 5,244 50 114 5,781 28 |
|---|---|---|---|
| 123,706 3,113 11,607 81,522 12,516 |
|||
| 108,758 | |||
| 14,948 - |
|||
| 14,948 207,109 |
|||
| 222,057 |
The notes form part of these financial statements
Page 9
BEXHILL MUSEUM
BALANCE SHEET 31ST MARCH 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 13 101,070 Heritage assets 14 23,300 Investments 15 2 124,372 CURRENT ASSETS Stocks 16 4,098 Debtors 17 7,255 Cash at bank and in hand 35,719 47,072 CREDITORS Amounts falling due within one year 18 (2,066) NET CURRENT ASSETS 45,006 TOTAL ASSETS LESS CURRENT LIABILITIES 169,378 NET ASSETS 169,378 FUNDS 19 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 42,321 - 42,321 - - 6,808 6,808 - 6,808 49,129 49,129 |
2022 Total funds £ 101,070 65,621 2 166,693 4,098 7,255 42,527 53,880 (2,066) 51,814 218,507 218,507 169,378 49,129 218,507 |
2021 Total funds £ 102,500 39,959 2 142,461 6,540 3,185 71,913 81,638 (2,042) 79,596 222,057 222,057 165,837 56,220 222,057 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.
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The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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BEXHILL MUSEUM
BALANCE SHEET - continued 31ST MARCH 2022
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 10th August 2022 and were signed on its behalf by:
A G Stacey - Trustee
The notes form part of these financial statements
Page 11
BEXHILL MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
| Display cases and shelving | - 5% on cost |
|---|---|
| Fixtures and fittings | - 5% on cost |
| Interactive displays | - 20% on cost |
| Computer equipment | - 33% on cost |
Heritage assets
Acquisitions for the collection since 1st April 2010, whether donated or purchased, are capitalised and recognised in the balance sheet at the cost or value of the acquisition, where such cost or valuation is reasonably obtainable and reliable. Items donated or bequeathed to the Museum's collection are valued by internal valuers if an external valuation for the items is not available. Such items are not depreciated or revalued.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
continued...
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES - continued
Fund accounting
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.
2. DONATIONS AND LEGACIES
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Donations | 4,670 | 12,769 | |
| Tax recoverable on gift aid | 261 | 3,107 | |
| Legacy | - | 6,194 | |
| Grants | 45,910 | 86,866 | |
| Subscriptions | 4,540 | 2,662 | |
| Donations to museum collection | 34,425 | 891 | |
| 89,806 | 112,489 | ||
| Grants received, included in the above, are as follows: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Rother District Council - Service level agreement | 8,500 | 8,500 | |
| Rother District Council - Covid-19 Business Support | 25,500 | 33,035 | |
| Arts Council: Hastings and Bexhill Museums and Schools Project | 6,055 | 5,198 | |
| (via Hastings Council) | |||
| Association of Independent Museums | 5,106 | - | |
| South East Creative, Cultural and Digital Sector | 279 | 2,956 | |
| HMRC CJRS | 470 | 2,677 | |
| East Sussex County Council: Covid-19 Emergency Grant | - | 11,500 | |
| Arts Council Emergency Response Fund: Lockdown Transition | - | 21,500 | |
| SE Museums Development Programme: Ready to Reopen(via | - | 1,500 | |
| Brighton and Hove City Council) | |||
| 45,910 | 86,866 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Shop and cafe income | 15,927 | 5,640 | |
| Fund raising income | 4,173 | 141 | |
| Sale of clothing | 1,779 | - | |
| 21,879 | 5,781 |
continued...
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
4. INVESTMENT INCOME
| Interest on cash investments 5. RAISING FUNDS Other trading activities Opening stock Purchases Closing stock Fund raising, publicity and other costs 6. CHARITABLE ACTIVITIES COSTS Projects Museum expenditure Finance and administration services 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Conservation Collections, exhibitions and special projects Computer & IT costs Education & lecture costs Subscriptions and conferences Repairs and renewals Advertising & promotion (inc newsletter and website) General rates, water rates, gas, electricity & telephone Cleaner's salary and cleaning consumables Insurance Printing, postage and stationery Volunteer expenses Payroll processing fees Security and fire protection Sundry expenses Travel Training Professional fees Displays, signage etc (inc corridor project) Bank charges Card fees Depreciation |
Direct Costs (see note 7) £ 6,480 97,579 - 104,059 |
|
|---|---|---|
continued...
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
8. SUPPORT COSTS
| Governance Management costs £ £ Museum expenditure - 2,372 Finance and administration services 18,336 - 18,336 2,372 Support costs, included in the above, are as follows: Management 2022 Finance and administration services £ Sub contract administrative services 18,336 Governance costs 2022 Museum expenditure £ Accountancy fees 1,680 Independent examiner's fees 408 Legal fees 284 2,372 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2022 £ Depreciation - owned assets 15,754 |
Totals £ 2,372 18,336 20,708 2021 Total activities £ 12,516 2021 Total activities £ 1,644 396 2,910 4,950 2021 £ 15,428 |
|---|---|
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
11. STAFF COSTS
| 2022 £ Wages and salaries 5,460 Social security costs 0 Pensions 0 5,460 The average monthly number of employees during the year was as follows: 2022 Cleaner 1 1 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 88,598 23,891 Charitable activities Admission fees 5,244 - Education room and training 50 - Royalties from publications 114 - Other trading activities 5,781 - Investment income 28 - Total 99,815 23,891 EXPENDITURE ON Raising funds 3,113 - Charitable activities Projects 6,094 5,513 Museum expenditure 64,423 17,099 Finance and administration services 12,516 - Total 86,146 22,612 NET INCOME 13,669 1,279 Transfers between funds 9,495 (9,495) Net movement in funds 23,164 (8,216) RECONCILIATION OF FUNDS Total funds brought forward 142,672 64,437 |
2022 | 2021 |
|---|---|---|
| £ | £ | |
| 5,460 | 5,460 | |
| 0 | 0 | |
| 0 | 0 | |
| 5,460 | 5,460 | |
| 2022 | 2021 | |
| 1 | 1 | |
| 1 | 1 | |
| Restricted funds £ 23,891 - - - - - 23,891 - 5,513 17,099 - 22,612 1,279 (9,495) (8,216) 64,437 |
Total funds £ 112,489 5,244 50 114 5,781 28 123,706 3,113 11,607 81,522 12,516 108,758 14,948 - 14,948 207,109 |
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Page 16
BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ TOTAL FUNDS CARRIED FORWARD 165,836 13. TANGIBLE FIXED ASSETS Display Fixtures cases and and Interactive shelving fittings displays £ £ £ COST At 1st April 2021 137,461 96,954 67,717 Additions - 14,324 - At 31st March 2022 137,461 111,278 67,717 DEPRECIATION At 1st April 2021 86,105 52,450 67,717 Charge for year 6,872 5,562 - At 31st March 2022 92,977 58,012 67,717 NET BOOK VALUE At 31st March 2022 44,484 53,266 - At 31st March 2021 51,356 44,504 - 14. HERITAGE ASSETS MARKET VALUE At 1st April 2021 Additions - donated At 31st March 2022 NET BOOK VALUE At 31st March 2022 At 31st March 2021 |
- continued Restricted funds £ 56,221 Computer equipment £ 43,936 - 43,936 37,296 3,320 40,616 3,320 6,640 |
Total funds £ 222,057 Totals £ 346,068 14,324 360,392 243,568 15,754 259,322 101,070 102,500 Total £ 39,959 25,662 65,621 65,621 39,959 |
Total funds £ |
|---|---|---|---|
| 222,057 | |||
As set out in note 1, the balance shown here only reflects the acquisitions for the collection since 1 April 2010.
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
15. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertaking | |
| £ | |
| MARKET VALUE | |
| At 1st April 2021 and 31st March 2022 | 2 |
| NET BOOK VALUE | |
| At 31st March 2022 | 2 |
| At 31st March 2021 | 2 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Bexhill Museum Trading Limited
Registered office: Bexhill Museum, Egerton Road, Bexhill-on-Sea, East Sussex, TN39 3HL Nature of business: Museum retail trading
| % | |||
|---|---|---|---|
| Class of share: | holding | ||
| Ordinary | 100 | ||
| 31/3/22 | 31/3/21 | ||
| £ | £ | ||
| Aggregate capital and reserves | 2 | 2 | |
| Loss for the year | - | (39) |
The Society owns 100% of the issued share capital of Bexhill Museums Trading Limited. Its capital consists of 2 £1 shares both of which have been issued at par.
Bexhill Museum Trading Limited ceased trading on 31 March 2019 and is currently dormant.
| 16. STOCKS Stocks 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
2022 £ 4,098 2022 £ 7,255 |
2021 £ 6,540 |
|---|---|---|
| 2021 £ 3,185 |
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| Amounts owed to group undertakings Other creditors 19. MOVEMENT IN FUNDS |
2022 £ 2 2,064 2,066 |
2021 £ 2 2,040 |
| 2,042 | ||
| MOVEMENT IN FUNDS | |||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/4/21 | in funds | funds | 31/3/22 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 45,496 | (5,798) | (455) | 39,243 | |
| Tangible fixed assets designated fund | 102,500 | (6,991) | 5,561 | 101,070 | |
| Collection acquisitions designated | |||||
| fund | - | 23,300 | - | 23,300 | |
| Elva repairs designated fund | 500 | (400) | - | 100 | |
| Bexhills lost world development | |||||
| project designated fund | 17,341 | (13,284) | - | 4,057 | |
| Costumes designated fund | - | 1,608 | - | 1,608 | |
| 165,837 | (1,565) | 5,106 | 169,378 | ||
| Restricted funds | |||||
| Collection acquisitions fund | 39,959 | 2,362 | - | 42,321 | |
| Local research | 281 | - | - | 281 | |
| Museum in a box | 168 | - | - | 168 | |
| Izzard family train set | 3,403 | (3,269) | - | 134 | |
| Piano | 654 | - | - | 654 | |
| Museum and schools | - | 2,265 | - | 2,265 | |
| InSight to Culture | 11,755 | (8,449) | - | 3,306 | |
| Dehumidifiers | - | 5,106 | (5,106) | - | |
| 56,220 | (1,985) | (5,106) | 49,129 | ||
| TOTAL FUNDS | 222,057 | (3,550) | - | 218,507 |
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BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
19. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Tangible fixed assets designated fund Collection acquisitions designated fund Elva repairs designated fund Bexhills lost world development project designated fund Costumes designated fund Restricted funds Collection acquisitions fund Izzard family train set Museum and schools InSight to Culture Dehumidifiers TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Tangible fixed assets designated fund Elva repairs designated fund Bexhills lost world development project designated fund Restricted funds Collection acquisitions fund Local research Museum in a box Izzard family train set Piano Level-Up InSight to Culture Lockdown Transistion TOTAL FUNDS |
At 1/4/20 £ 22,239 95,928 500 24,005 142,672 39,068 281 168 9,467 654 2,740 12,059 - 64,437 207,109 |
Incoming resources £ 89,166 8,763 23,300 - - 2,000 123,229 2,362 - 6,055 (1) 5,106 13,522 136,751 Net movement in funds £ 35,763 (15,429) - (6,664) 13,670 891 - - (5,436) - (2,740) (304) 8,867 1,278 14,948 |
Resources expended £ (94,964) (15,754) - (400) (13,284) (392) (124,794) - (3,269) (3,790) (8,448) - (15,507) (140,301) Transfers between funds £ (12,506) 22,001 - - 9,495 - - - (628) - - - (8,867) (9,495) - |
Movement in funds £ (5,798) (6,991) 23,300 (400) (13,284) 1,608 (1,565) 2,362 (3,269) 2,265 (8,449) 5,106 (1,985) (3,550) At 31/3/21 £ 45,496 102,500 500 17,341 165,837 39,959 281 168 3,403 654 - 11,755 - 56,220 222,057 |
||
|---|---|---|---|---|---|---|
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Page 20
BEXHILL MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
19. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 99,816 | (64,053) | 35,763 |
| Tangible fixed assets designated fund | - | (15,429) | (15,429) |
| Bexhills lost world development | |||
| project designated fund | (1) | (6,663) | (6,664) |
| 99,815 | (86,145) | 13,670 | |
| Restricted funds | |||
| Collection acquisitions fund | 891 | - | 891 |
| Izzard family train set | - | (5,436) | (5,436) |
| Level-Up | - | (2,740) | (2,740) |
| InSight to Culture | - | (304) | (304) |
| Lockdown Transistion | 23,000 | (14,133) | 8,867 |
| 23,891 | (22,613) | 1,278 | |
| TOTAL FUNDS | 123,706 | (108,758) | 14,948 |
Designated funds
The tangible fixed assets fund represents the value of the fixed assets held by the charity.
The Collection acquisitions designated fund represents the estimated cost of items donated to the museum and the actual cost of items purchased by the museum, since 2010, for items which the trustees have the power to dispose of at their discretion. During the year over 50 items were donated to the museum.
The Elva repairs fund is money designated for repairs to the Elva car.
Bexhill's lost world development project fund is monies designated from the receipt of a legacy in 2016 towards an extension to the museum.
The Costumes fund is made up of a donation of £2,000 which was designated towards the costs relating to the costumes held by the museum.
Restricted funds
The Collection acquisitions restricted fund represents the estimated cost of items donated to the museum and the actual cost of items purchased by the museum, since 2010. During the year over 100 items were donated to the museum.
The Local research fund represents donations towards local research costs.
The Museum in a box fund is the balance of funds received for the museum in a box project.
The Izzard family train set fund is monies received towards the upkeep, improvement and changes to the layout of the model train set display.
The piano fund is made up of donations for the ongoing costs of maintaining the piano.
The InSight to Culture fund is a grant from the Arts Council for that project.
A grant was received towards the costs of the purchase of dehumidifiers which was fully expended in the year.
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Page 21
BEXHILL MUSEUM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
19. MOVEMENT IN FUNDS - continued
Transfers between funds
Assets were purchased using restricted funds so transfers were made from the relevant restricted fund to the Tangible fixed assets designated fund as the assets themselves have no restrictions. In addition assets have been purchased using unrestricted funds so a transfer was made from the General fund to the Tangible fixed assets designated fund for the cost of these assets.
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2022.
21. LIMITED LIABILITY OF MEMBERS
The liability of the members is limited.
Every member of the charity undertakes to contribute to the assets of the charity in the event of the same being wound up while he/she is still a member or within one year after he/she ceases to be a member and of the costs, charges and expenses of winding up and for the adjustment of rights of the contributories amongst themselves such amount as may be required, not exceeding £1.
Page 22