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|CONTENTS|||||PAGES|
|---|---|---|---|---|---|
|Trustees'
Annual
Report|||||3-6|
|IndependentAuditor's
Report|||||7-9|
|Consolidated|Statement ofFinancial|Activities|(Incorporating|the||
|Income and|expenditure
account)||||10|
|Consolidated|& CharitY Balance Sheets|||||
|Consolidated|Statement ofCash Flows||||12|
|Notes to the|Financial Statements||||13—31|
|Detailed
Income and Fxpendimre|||||32-36|
|Registered|charity name:|charity name:|The American
Museum|and Gardens|and Gardens|
|---|---|---|---|---|---|
|Charity number|||1106989|||
|Company|registration|number|05282777|||
|Registered|office||Claverton
Manor|||
||||Bath|||
||||BA2 7BD|||
|Trustees|||Mr G Thomas|||
||||Mr E Bayntun-Coward|||
||||Mr R Bemays|||
||||Mrs BBovender|||
||||Mrs EScott (Formerly|De Forest Scott)||
||||Mr M E Haranzo|||
||||Lady C Manning|||
||||Mrs Lynne Sayer|||
||||Dr R HWendorf|||
|Auditor|||Moors|||
||||Chartered
Accountants|8 Statutory Auditor||
||||30 Gay Street|||
||||Bath|||
||||BA12PA|||
|Bankers|||NatWest Bank Pic|||
||||24-25 Stall Street|||
||||Bad|||
||||BA1 1QF|||
|Solicitors|||Stone King|||
||||13Queen Square|||
||||Bath|||
||||BA1 2HJ|||
|investment|Advisors||Rothschild
Asset Management|||
||||1 King William Street|||
||||London|||
||||EC4N 7AR|||
||||Hamlin
Capital Management||LLC|
||||640 5a Avenue|||
||||New York|||
||||NY 10019|||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|furtrls|furrds|2021|2020|
|||Note|6|8|6|6||
|Income end endowments||||||||
|Donations
and legacies|||9,103|494,131||603,234|710,398|
|Charitable
activities|||631,467|||831,467|109,198|
|Other trading
activities|||327,379|||327,379|148,264|
|Investment
Income|||115,857|68,427|25,975|210,269|236,289|
|Total income|||1,083,805|562,558|25,975|1,672,339|1,204,149|
|Lxpenditure||||||||
|Raising funds||4|81,021|||81,021|77,289|
|Charitable
actlviges||4&5|1,640,288|526,841|25,957|2,192,896|1,600,623|
|Other trading
activities
(HH)||4|285,599|||286,599|158,513|
|Other trading
activities
(Charity)||4|41,502|||41,502|67,564|
|Total expenditure|||2,048,410|526,641|25,957|2,601,008|1,903,989|
|Net gains/(losses)
on investments||8&9|907,159|||907,169|724,480|
|Net income/[expenditure)|||(67,446)|36,917|18|(21,610)|24,640|
|Transfers
between
funds||14||||||
|Actuariaf gains/(losses)
cn defined|benefit|||||||
|pension scheme||6|(126,000)|||(126,000)|71,000|
|Foreign exchange
gains/(losses)|||25,517|||25,517|(46,977)|
|Net movement
In funds|||(167,928)|36,917|18|(121,993)|48,663|
|Reooncglatlon
offunds||||||||
|Totalfunds
broughtforward|||6,091,346|512,927|15,395,937|21,990,210|21,941,547|
|Total funds carried forward|||6,933,418|548,844|16,385,955|21,868,217|21,990,210|
##
||||||||||||||Group||Charity|Charity||Group|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2021|||2021||2020|2020|
||||||||||Note||||6|||||6|6|
|Fixed Assets||||||||||||||||||||
|Tangible assets||||||||||7|||11,365,281||1|1,366,276||11,583,062|11,573,245|
|Heritage assets||||||||||7a|||25,750|||25,750||25,750|25,750|
|Investment
assets|In the||UK||||||8|6 20|||8,039,753|||8,045,261||8,312,886|8,283,614|
|Investment
assets|outside the||||UK|||||8|||1,912,846|||1,912,846||1,168,958|1,188,958|
||||||||||||||21,363,630||21,360,133|||21,090,666|21,061,667|
|Current Assets||||||||||||||||||||
|Stocks||||||||||10|||36,191|||9,897||35,429|10,488|
|Debtors||||||||||11|||175,021|||233,707||265,344|343,266|
|Cash at bank and
in||hand|||||||||||273,916|||203,447||303,249|264,652|
||||||||||||||466,128|||447,061||604,022|618,686|
|Creditors- amounts||falling||||||||||||||||||
|due within one year||||||||||12|||(369,541)|||(317,967)||(212,468)|(188,043)|
|Net Current Assets|||||||||||||115,687|||129,084||391,654|430,643|
|Total assets less current|||liabliities|||excluding||pension asset|||||21,479,217||21,478,217|||21,482,210|21,482,210|
|Creditors;Amounts||failing due|||after more than||||1 year|||||||||||
|Defined
benefit pension scheme asset|||||||||||||389,000|||389,000||508,000|508.000|
|Net assets Including||pension|||asset/(liability)||||||||21,668,217||21,668,217|||21,990,210|21,990,210|
|The funds ofthe charity||||||||||||||||||||
|Endowmentfunds|||||||||14|||||||||||
|Endowmentfunds||(group|||and|charity)|||||11,614,162||||||11,614,144|||
|Revaluation
reserve|||(group and charity)||||||||3,771,793||||||3,771,793|||
||||||||||||||15,385,955||15,385,955|||15,385,937|15,365,837|
|Restricted
income funds|||||||||14||||548,844|||548,844||512,927|512,927|
|Unrestricted
income||funds||||||||||||||||||
|Unrestricted
income||funds||(group||and|charity)||||5,544,418||||||5,583,346|||
|Pension reserve (group and charity)|||||||||||389,000||||||508,000|||
||||||||||||||5,933,418||5,933,418|||6,091,346|6,091,346|
|Total charity funds|||||||||13||||21,868,217||21,868,217|||21,990,210|21,990,210|
|The trustees
have prepared||||group||accounts||In|accordance||with sation|398of Ihe Companies||Act 2008 and section 138ofthe||||Charities
Aot|2011.|
|These accounts are|prepared|||in sccordenoe||||with the special provisions||||of Part 15ofthe Companies||||Acl relating|lo small companies
and|||
|consititute
the annual||accounts|||required||by the||Companies||Act 2006 and are for||drculatlon
to members
ofthe company.|||||||
|The nates farm part|ofthese|||accounts.||||||||||||||||
##
##
|||||Group|Group|
|---|---|---|---|---|---|
||||Note|2021|2020|
||||||8|
|Cash used in operations|||21|247,662||
|Cash flows from investing
activities||||||
|Inveslmsnt
income||||210,259|236,269|
|Purchases
ofinvestments||||(5,622,379)|(13,868,290)|
|Proceeds from sale of investments||||5,165,966|16,666,002|
|Purchase
nst ofdisposals
of tangible||fixed assets||(30,731)|(4,556)|
|Cash provided
by (used In) investing|activities|||(278,886)|3,029,446|
|Increase
In cash and cash equivalents||during the year||(29,333)|(766,766)|
|Cash and cash equivalents
at the begining ofthe year||||303,249|1,069,014|
|Total cash and cash equivalents
at ths||end ofthe year||273,916||
##
##
|FO|R THE YEAR ENDED 31STDECEMBER 2021|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|1.|ACCOUNTING
POLICIES (CONTINUED)|||||||||||
|(IJ Trading stock||||||||||||
||Trading
stock is stated at the lower ofcost snd net realisable
value.|||||||||||
|(g) Tangible assets||||||||||||
||AU tangible
fixed assets are measured
at cost loss accumulated
depredsgon,
except the charity's
land|and||buildings,||||which||||
||the charity has elected to use the most recent valuation as Its deemed cost There Is no lower limit for capitagsatlon||||||offixed assets.|||||
||The depredation
rates used are as fagows:|||||||||||
||Bugdings|||||||||||
||Motor vehicles|||||||||||
||Furniture
and equipment|||||||||||
|(h) Heritage assets||||||||||||
||The charity holds heritage assets, which are tangible
fixed assets of historical,
srtisUc or srrisnggc
Importance|||||that are||heki to||||
||advance
preservation
and conservation
ob)sctlves ofthe charky|||||||||||
||Under previous
accounting
pogcies these assets were not capitalissd
and therefore
are not represented||by|any figures|||||in these financial|||
||There is no reUable cost information
and a conventional
valuation
approach
wgl lack sufgrrient
regabgky.|||||||||||
||Signglcant
costs would be Involved
In the reconstruction
or analysis
ofpast accounting
records or valuations,|||||which|are||onerous|compared||
||to the eddgional
benefit derived
by users ofthe accounts.|||||||||||
||Father dotage on Heritage assets Is given
In ths Note 7a to these financial statements.
ln 2017a bust portrait||||of Churchill||||was accessioned||Into|
||the hergags cogsctlon (cost of625,000).This wgl be shown on the balance sheet as a heritage asset|||||||||||
||The very long expected
lives ofthe heritage assets, due to thoir nature,
valuo and need to be protected|snd|||preserved||||means that|||
||depreciation
is not material end Is therefore,
not provided.
In addiUon
many ofthe artefacts
could actually||rise|||in value||as time goes on,||||
||thus making depredation
less applhable.|||||||||||
|(I) Realised and unreagsed
gains end losses on Investment
assets||||||||||||
||Realised gains end losses are calculated
by reference to the disposal proceeds less any disposal costs|||||||||||
||compared
wkh the original cost or the market value at the last balance sheet date, whichever
is later.|||||||||||
||Unreatlssd
gains and fosses are calculated
by comparing
the market value at ths beginning
ofthe year|||||||||||
||with that st the snd ofthe year for assets held st both dates and by comparing
the cost with the market|||||||||||
||value et the end of ths year for assets acquired
during the year and held at the year end.|||||||||||
|(J)|Pension casts|||||||||||
||The museum
operates 2 pension schemes,
a defined
benoflt scheme which is now closed to new members|||||||||||
||and a defined
contribution
scheme for new members.|||||||||||
||The cost of providing
pension and related benefits
Is charged to the SOFA over the employees'
service|||||||||||
||fives on the basis of a constant percentage
of earnings
which is an estimate
ofthe regular cast. Variations|||||||||||
||from regular cost, arising from periodic actuarial
valuations
sre agocated over the expected
remaining|||||||||||
||service Uves ofcurrent employees
on the basis ofe constant percentage
of current snd estimated
future|||||||||||
||earnings.
Any dMsronce
betweon
the charge to the statement
offinancial
activUles and the contributions|||||||||||
||payable to the scheme
Is shown as sn asset ore liability
In the balance sheet.|||||||||||
||The assets ofthe defined contribution
scheme are hald separately
fram those ofthe charity. Ths annual|||||||||||
||contributions
payable are charged to the SOFA|||||||||||
|(k)|Foreign currencies|||||||||||
||Assets and liabilities
In foreign currencies
ere translated
Into sterling at the rates of exchange
rugng
at|||||||||||
||the balance sheet date. Transactions
in foreign currenmes
are translated
into stergng at the rate of|||||||||||
||exchange
rugng at the date ofthe transaction.
Exchange differences
are taken into the statement
of|||||||||||
||financial
activities for the year.|||||||||||
|(m)|Financial
instruments|||||||||||
||Rnancial
instruments
are Wassified
and accounted
for, according to the substance
ofthe contractual
arrangement,|||||||||||
||as egher flnanolal assets, financial
lisbiTiges or equity Instruments.
An equity Instrument
is any contract that|||evidences||||||||
||a residual
Interest
In the assets ofthe company
after deducting
eg of its Uabgitles.|||||||||||
|(n)|Funds|||||||||||
||The Charity has numerous
restricted,
endowment
and designated
funds. The Charity does not have an|established
pogcy to||||||||||
||make transfers
between
funds to or from the designated
fund, instead
transfers
are made from time to time|||as||the Trustees||||||
||conskler appropriate.|||||||||||
||Each fund
Is determined
by reference to the original donation
and restrictions
sppged at that time. AU funds|||are shown||||||||
||separately
In the Note to the Accounts snd comprise ofa mbdure
of tangible
fixed assets, investments,|cash|||and sundry|||||||
||assets.|||||||||||
|(o)|Preparation
of the accounts on a going conc'em basis|||||||||||
||tn the year to 31 December 2021 the Group made an operational
loss of8928,666.This was offset by the growth
of||||||the||investments.|||
||At the date of this report it held net assets ot621.868m a reduction of6122000 from 2020 (due to pensions||||adJustment)|||||||
||Throughout
2021 end Into 2022, the Group has been impacted
by the global pandemic
and ths many repercussions|||||||||||
||arising from this. For the Museum thsso have Included
an enforced suspension
ofactivities and the subsequent|||||loss|8income.|||||
||As a resWI ofIhe measures
taken
by the Group, the trustees
believe that the company
has sufyicient cash reserves to|||||||enable||||
||it to contnue to meet its liabgtles as they arise. The group has undertaken
a rostructure
ofthe management|||team so|||as||to posiUon|its||
||opersgons
in 2022 for maximum
effect. This has entailed
doing away with ths position of Deputy
Director||and recruiting||||||two new senior|||
||Directors.|||||||||||
##
##
||||||||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Unrestricted|Restricted|Total|Total|
|||||||||||6||6|
||Admissions||||||||543,073||543,073|82,375|
||Membership||||||||26,877||26,877|16,471|
||Other||||||||61,517||61,517|10,352|
||||||||||631,467||631,467|109,198|
|3|INCOMING||RESOURCES|||FROM|GENERATED FUNDS||||||
|||||||||2021|2021|2021|2021|2020|
|||||||||Unrestdcted|Restricted|Endowment|Total|Total|
||Voluntary|income||||||6||6||6|
||Gifts and donations|||||||9,103|478,814||487,917|610,355|
||Job retention||scheme||||||15.317||15,317|100,Q43|
|||||||||9,103|494,131||503,234|710,398|
||Activities|for generating||||funds|||||||
||Retell and|catonng||income||||327,379|||327,379|148,264|
|||||||||327,379|||327,379|148,264|
||Investment||Income||||||||||
||UK Income||||||||||||
||Investments||gated an||a recognised||stock exchange|64,698|68,427|25,975|159,100|197,903|
||Investment|propsrges|||income|||5,748|||5,748|11,008|
|||||||||70,446|68,427|25,975|164,848|208,911|
||US income||||||||||||
||Investments||listed on||a recognised||stack exchange|45,411|||45,411|27,378|
||Total|||||||115,857|68,427|25,975|210,259|236,289|
##
##
|||||||||Collections|Collections|Collections|||Public||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Basis ofAllocation|||||Management|||&|Programme||Fund||Raising|Investments|Governance|Total 2021|2020|
|||||||||Exhibitions||||(Education)|||||||||
||Staff &|related costs||Per|capita|||||349,140|||479,977|||87,405|4,778||901,301|750,377|
||Property|coals||Usage||||||501,801|||466,357|||||4,222|992,380|865,730|
||OMcs casts|||Usage||||||187,610|||188,000|||13,616|10,227|22,275|421,728|132,369|
||Trading|costs||Nature|||||||||||||285,599||285,599|158,513|
||Tot aI||||||||1,038,551|||1,154,334||||81,021|300,604|26,497|2.601,008|1,90/B989|
||||||||||||||||||2021||2020||
||||||||||||||||||0||6||
||Included|within the|shove||smuu/rts||srs flis|following
resources|||||expended:||||||||
|||Audfl fees|||||||||||||||14,800||14,100||
|||Other services|||provided||by the|external||auditors|||||||2,750||3,100||
|||Profit/(loss)||on|foreign|exchange|||||||||||25,517||(46,977)||
|6.|STAFF|COSTS|||||||||||||||||||
||||||||||||||||||2021||2020||
||||||||||||||||||6||||
|||Wages|and|salaries|||||||||||||659,044||585,420||
|||Social security|||costs||||||||||||59,015||47,566||
|||Pension|costs||(Including||deflned beneflt adjustments)||||||||||87,081||55,580||
||||||||||||||||||785,140||688,566||
|||Included|viilhin||the pension costs||||ars 63,825||of|defined contribution|||pension cost charges.||||||
|||The chsrhy||employed||the following|||number of people wflh emoluments|||||||falling|wflhln the bands|as disclosod|below.||
||||||||||||||||||2021||2020||
|||Salary band|||||||||||||||Number||Number||
|||6130,000 -||6140,000|||||||||||||||||
|||6120,000 -||Et30,000|||||||||||||||||
|||The average
head count|||||of employees,|||analysed||by|function, wss:||||||||
||||||||||||||||||2021||2020||
||||||||||||||||||Number||Number||
|||Museum|staff||||||||||||||22||22||
|||Management||end administration|||||||||||||9||9||
|||AM Enterprises|||Limited||||||||||||17||17||
||||||||||||||||||48||||
##
##
##
##
##
##
##
|7|FIXEDASSETS ~ TANGIBLE ASSETS|||||
|---|---|---|---|---|---|
||Charity|||||
|||Freehold|Motor|Equipment|Total|
|||Property|vehicles|Ik fixtures||
||||6|6||
||COST/VALUATION|||||
||At 1 January 2021|12,807,926|15,398|1,166,891|13,890,215|
||Additions|||19,628|19,628|
||Disposals|||(3,969)|(3,969)|
||At31stDecember 2021|12,807,926|15,398|1,162,550|14,005,874|
||DEPRECIATION|||||
||At I January
2021|1,372, 160|14,98n|t,nyo, 846|2,418,970|
||Disposals|||(3,793)|(3,793)|
||Charge for the year|171,520|106|54,793|226,421|
||At 31stDecember 2021|1,543,660|15,073|1,080,845|2,639,598|
||NET BOOK VALUE|||||
||At 31st December 2021|11,264,248|325|101,705|11,366,276|
||At 31st December 2020|11,435,766|433|137,046|11,573,245|
##
##
|FO|R THE YEAR ENDED 3157DECEMBER 2021|R THE YEAR ENDED 3157DECEMBER 2021|R THE YEAR ENDED 3157DECEMBER 2021|||||
|---|---|---|---|---|---|---|---|
|7.|FIXEDASSETS - TANGIBLE ASSETS (continued)|||||||
||Group|||||||
|||||Freehold|Motor|Furniture 8|Total|
|||||Property|vehicles|equipment||
||||||6|6|6|
||COSTIVALUATION|||||||
||At1 Janusry2021|||12,807,926|15,398|1,211,275|14,034,599|
||Additions|||||34,700|34,700|
||Disposals|||||(3,969|(3,969)|
||At 31stDecember|2021||12,807,926|15,398|1,242,006|14,065,330|
||DEPRECIA))ON|||||||
||At I January 2021|||1,372,160|14,965|1,064,411|2,451,536|
||Dispossls|||||(3,793)|(3,793)|
||Charge for the year|||171,520|108|60,678|232,306|
||At 31st December|2021||1,543,680|15,073|1,121,296|2,680,049|
||NET BOOK VALUE|||||||
||At 31st December|2021||11,264,245|325|120,710|11,385,281|
||At 31st December 2020|||11,435,766|433|146,864|11,583,063|
||Please refer to the relevant text given||In the 'Charity'|part of the Rxed Asset Note.||||
|7a.|FIXEDASSETS - HERITAGE ABSETS|||||2021|2020|
|||||||Heritage|Heritage|
|||||||Assets|Assets|
|||||||6|6|
||COSTNALUATION|||||||
||Gro up|||||25,750|25,750|
||Additions|||||||
||At 31st December|||||25,750|25,750|
||DEPRECIATION|||||||
||Group|||||||
||Charge for the year|||||||
||At 31stDecember|||||||
||NET BOOK VALUE|||||||
||At 31stDecember|||||25,750|25,750|
##
##
|FIXED A|SSET INVESTMENTS
IN TH|E UK||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|2021f|2021f|2020f|2020f|
|Charity||||||||||
||Quoted investments|||||||||
||Brought forward|||||7,474,635||6,240,235||
||Additions|||||4,858,232||12,984,046||
||Disposals|||||(4,746,095)||(14,152,806)||
||Net gains/(losses)|||||202,981||2,656,310||
||Market value 31st December||||||7.789,753||7,727,765|
||Unquoted
investments|||||||||
||Brought forward|||||(29,272)||(14,023)||
||Not gains/gossoc)|||||34,78D||(16,24q)||
||Value 31st Decembor||||||5,508||(29,272)|
||Cash held for Investment|purposes|||||25D,QOQ||260,101|
||Investment
Properties||||20||||325,000|
||Total UK investmonts||||||||8,283,614|
||Historical cost of the quoted|investments||at 31st December 2021 was f7,110,139|||(2020f7,538,161)|||
||Tha historical cost of the unquotsd||Investment||is not known.|||||
|Group|Quoted investments|||||2021|2021|2020
f'|2020
f|
||Brought forward|||||7,474,635||6,240,235||
||Addklons|||||4,858,232||12,884,046||
||Di epos a la|||||(4,746,095)||(14 152 8D6)||
||Net gains/(fosses)|||||202,981||2,656,310||
||Market value 31st December||||||7,789,753||7,727,785|
||Cash held for investment|purposes|||||25D,OOD||260,101|
||Investment
Properties||||||||325,000|
||Total UK investments||||||8,D39,753||8,312,886|
##
##
|9.|FIXED|ASSETINVESTMENTS OUTSIDE THE UK|ASSETINVESTMENTS OUTSIDE THE UK|ASSETINVESTMENTS OUTSIDE THE UK|ASSETINVESTMENTS OUTSIDE THE UK|||||
|---|---|---|---|---|---|---|---|---|---|
||Charity|and Group||||2021|2021|2020|2020|
|||Quoted Investments|||||8|8|8|
|||Brought forward||||1,137,269||2,742,432||
|||Addigons||||764,147||884,244||
|||Dispossls||||(419,871)||(2,513,196)||
|||Net gains/(losses)||||331,901||79,935||
|||Foreign exchange|gain/(loss)|||24,474||(46,839)||
|||Market value 31stDecember|||||1,837,921||1,146,57S|
|||Cash held for investment||purposes|||74,925||22,382|
|||Total Investments|held outside the UK||||1,912,846||1,168,958|
|||Historical cost ofthe quoted|||investments|at 31st December 2021 was 61,873,991||||
|10.|STOCKS|||||||||
||||||||2021f||2020
f|
||Charity|||||||||
||Goods|for resale|||||9,897||10,588|
||Group|||||||||
||Goods for resale||||||36,191||35,429|
|11.|DEBTORS|||||||||
||||||||2021f||2020f|
||Charity|||||||||
||Trade debtors||||||9,419||1,840|
||Amounts|due from Group undertakings|||||68,743||82,362|
||VAT||||||31,559||43,150|
||Prepayments
and other debtors||||||I23,986||216,114|
||||||||233,707||343,266|
||Group|||||||||
||Trade debtors||||||9,429||3,900|
||VAT gsbglty||||||32,382||44,784|
||Prepayments
snd other debtors||||||133,210||216,660|
||||||||175,021||265,344|
##
|12.|CREDITORCH AMOUNTS|CREDITORCH AMOUNTS|FALLING DUE|FALLING DUE|FALLING DUE|FALLING DUE|WITHIN ONE YEAR||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|||2020|
||||||||||||6|||6|
||Chaihy||||||||||||||
||1rade creditors||||||||||193,844|||106,722|
||Taxadon|and sodal security|||||||||30,118|||13,494|
||Accrusls|and sundry
creditors|||||||||94,005|||67,827
~jj(f(743|
||Group||||||||||||||
||Trade cmdrtors||||||||||229,685|||115,423|
||1axagon|and sodsl security|||||||||42,735|||24,018|
||Pension|control||||||||||316|||
||Accruals|and sundry
creditors|||||||||96,805|||73,027|
||||||||||||369,541||||
|13.|ANALYSIS OF NET ASSETS BETWEEN||||||FUNDS||||||||
|||||||||Tangible|||Net current||Pension||
|||||||||fixed assets|Investments||assets||scheme|Total|
|||||||||6|6||6||F.|6|
||Charity||||||||||||||
|||Endowments|||||||||||||
|||Map fund|||||||333,652|||||333,652|
|||Permanent
fund|||||||1,349,767|||||1,349,767|
|||lan McCsgum|fund||||||36,264|||||36,264|
|||Properly
fund||||||10,615,552|695,690|||||11,311242|
|||Education endowment||||fund|||525,974|||||525,974|
|||Field conservadon||fund|||||400,013|||||400,013|
|||Exhiblgon
fund|||||||402,579|||||402,579|
|||JJM Main fund|||||||246,493|||||246,493|
|||JJM Pratt Wgl|fund||||||779,971|||||779,971|
|||||||||10,615,552|4,770,|3||||5,385,955|
|||Restricted funds|||||||||||||
|||Map fund||||||||||240||240|
|||lan McCagum|fund|||||||||114||114|
|||Education
fund||||||||||3||3|
|||Field Conservation|||fund|||||||114||114|
|||Exhlbldon
fund||||||||||212||212|
|||JJM Main fund||||||||||299||299|
|||JJM Prstt Wgl|fund|||||||||199||199|
|||School House|fund|||||||||62||62|
|||Capital Campaign|||||||||109,752|||109,752|
|||Top Floor Flat||||||||||1,072||1,072|
|||Folk Art Gsgery|||||||||25,692|||25,692|
|||Lincoln Bust|||||||||23,114|||23,114|
|||Educabon
programme||||(Burberry)|||||3,614|||3,614|
|||Transportation|fund|||||||||||0|
|||New American|Garden|||fund||||||||0|
|||UK Appeal||||||||||1,465||1,465|
|||ACE markedng|fund|||||||||||0|
|||Thanksgiving||||||||||4||4|
|||Textge Society||||||||||2,000||2,000|
|||Mount Vernon|Garden|||||||||0||0|
|||Web Site||||||||||2,137||2,137|
|||Roof repairs|||||||||20,000|||20,000|
|||Claverton
Theatre club||||||||||1,924||1,924|
|||Lecture sensa|fund||||||||23,754|||23,754|
|||Chgdrens
play|area|||||||||9,677||9,677|
|||Period rooms|||||||||125,979|||125,979|
|||Gardens
Gulba|8woodlands||||project||||13,734|||13,734|
|||Job retention
scheme||||||||||||0|
|||Canestoga
Wagon||appeal||||||||935||935|
|||Gardens
endowment|||(SLIFKA)||||||179,960|||179,960|
|||Audience
project||||||||||4,082||4,082|
|||Parasols||||||||||1,290||(1,290)|
|||Unrestricted
funds||||||776,474|5,187,704||(419,760)||389,000|5,933,418|
|||Total funds|||||||||||389,000|21,86|
##
##
|||||||Tangible|Tangible||Net current|Pension||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||fixed|assets|Investments|assets|scheme|Total|
||||||||6|6|f|6|6|
|Group||||||||||||
||Endowments|||||||||||
||Map fund|||||||333,652|||333,652|
||Permanent
fund|||||||1,349,767|||1,349,767|
||lan McCa9um|fund||||||36,264|||36,264|
||Property
fund|||||10,615,552||695,690|||11,311,242|
||Education endowment|||fund||||525,974|||525,974|
||Field conssrvadon||fund|||||400,013|||400,013|
||Exhibibon
fund|||||||402,579|||402,579|
||JJM Main fund|||||||246,493|||246,493|
||JJM Pratt Wgl|fund||||||779,971|||779,971|
|||||||10,615,552||4,770,403|||15,385, 55|
||Restricted funds|||||||||||
||Mep fund||||||||240||240|
||lan McCagum|fund|||||||114||114|
||Education
fund||||||||3||3|
||Field Conservation||fund||||||114||114|
||Exhibigon
fund||||||||212||212|
||JJM Main fund||||||||299||299|
||JJM Prett W91|fund|||||||199||199|
||School House|fund|||||||62||62|
||Capital Campaign||||||||109,752||109,752|
||Top Floor Flat||||||||1,072||1,072|
||Folk Art Gsgery||||||||25,692||25,692|
||Lincoln Bust||||||||23,114||23,114|
||Education
programme||||||||3,614||3,614|
||Transportabon|fund|||||||||0|
||Garden
fund||||||||||0|
||UK Appeal||||||||1,465||1,465|
||ACE marketing|fund|||||||||0|
||Thanksgiving||||||||4||4|
||Textile Society||||||||2,000||2,000|
||Mount Yemen|Garden|||||||0||0|
||Web Site||||||||2,137||2,137|
||Roof repairs||||||||20,000||20,000|
||Claverton
Theatre||rdub||||||1,924||1,924|
||Lecture sensa|fund|||||||23,754||23,754|
||Chlldrens
play|area|||||||9,677||9,677|
||Period rooms||||||||125,979||125,979|
||Garden Gutta|6woodlands|||protect||||13,734||13,734|
||Job retention
scheme||||||||||0|
||Canestoga
Wagon||appeal||||||935||935|
||Gardens endowment|||(SLIFKA)|||||179,960||179,960|
||Audience
pro)ect||||||||4,082||4,082|
||Parasols||||||||1,290||(1,290)|
||Unrestricted
funds||||||795,479|5,182,196|(433,257)|389,000|5,933,418|
||Total funds|||||I|I, 3||115,587|3||
##
##
##
##
##
##
##
##
##
##
##
##
##
|The charity and groups
|uture
mfn|lmum
opera|ting
lease paymenls
In re|spect|of o|ffice equi|p|ment
are as folkrws:|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021||2020|
|||||||||6|||
|Within one year
Within one and five years||||||||2,144
4,408||2,307
3,919|
|Lease amounts
paid
in||the year|||||||||
|SIIEISIDIARY COMPANY|||||||||||
|The charliy owns 100%of the Issued ordinary
The eubsfdfaiys
principal
activity is to operate
basis in the SOFA.|||share capital of Amerfcan
Museum
the retag shops at the Museum.
Ag|||Enterprises
Lirrdted, a company
srdivities
have been consolidated|||registered
In England (00486293)
on e gne by line||
|||||||||2021||2020|
|||||||||6||6|
|Turnover
Cost ofsales||||||||318,833
(266,534)||148,264
(147,936)|
|Administrative
JRSscheme|expenses|and finance costs||||||52,299
(26,065)
8,546||328
(15,577)|
|||||||||34,780||(15,249)|
|(Loss)/Profit
on
Tax on loss an|ordinary
ordinary|activities before tsxalfon
activities||||||34,780||(15,249)|
|(Loss)/Profit on|ordinary|activities after taxation||||||34,780||(15,249)|
|The aggregate
of Ihe assets, gabifiges and funds wee:|||||||||||
|Assets
Liabilitfss, share|capital and retained||earnings|||||125,825
(120.317)|77,516
(106,788)||
|Funds||||||||5,508|||
##
##
##
||||3|StMark's|
|---|---|---|---|---|
|||||Gardens|
|VALUAltON|||||
|Brought forward|1 January 2021|||325,000|
|Additions
/ disposals||||(310,000)|
|Revaluations||||(15,000)|
|At 31st December 2021|||||
|The revaluation|in 2014was|based on the asking price of Ihe equivalent|buildings|on sale within e quarter|
|mile radius ofthe mvestment||property.|||
##
|||||Gi'cup|Group|
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|5|
|Net movement
In funds||||(121,993)|46,683|
|Add back depredation||||232,306|227,672|
|Deduct investment
income shown||In Investing|acttvites|(210,259)|(238,289)|
|Decrease/(Increase)
in stock||||(762)|3,918|
|Decrease/(increase)
In debtors||||90,323|(140,519)|
|Increase/IDecrease)
in creditors||||157,073|75,836|
|Investments
non cash ad)ustment||||(18,224)|(3,690,491)|
|Decrease/(Increase)
in degned|benefit pension||scheme|119,000|(74,000)|
|Add back loss on disposal
ofasset||||88|0|
|Net cash used in operating
activities||||247,552|(3,785,210)|
##
##
||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|2020|
||||2|K|2|2|
|Income and endowments|||||||
|Donations
and legacies|||5,862|704,536||710,398|
|Charitable
activities|||109,198|||109,198|
|Other trading
actlvgles|||148,264|||148,264|
|Investmenls|||169,707|48,262|18,320|238209|
|Total Income|||433,031|752,798|18,320|1204,149|
|Expenditure|||||||
|Raising funds|||77,289|||77,289|
|Charitable
activities|||1.169,141|416,199|18,283|1,603,623|
|Other trading
activlges|||158,513|||158,513|
|Other|||67,564|||67,564|
|Total expenditure|||1,472,507|418,199|18,283|1,906,989|
|Net gains/(losses)
on investments|||724.460|||724,480|
|Net Income/(expenditure)|||(314,996)|336,599|37|21,640|
|Transfers
behveen
funds|||||||
|Actuarial
gains/(losses)|on defined|benelit|||||
|pension scheme|||74,000|||74,000|
|Foreign exchange gains/(losses)|||(45,977)|||(46,977)|
|Net movement
In funds|||(287,973)||37|48,663|
|Reconcigatlon
of funds|||||||
|Total funds brought
forward|||8,379,319|176,328|16,385,900|21,941,547|
|Total funds carried forward|||6,091,346|612,927|16,386,937|21,990,210|
##
##
|23.|FINANCIAL PERFORMANCE|FINANCIAL PERFORMANCE|FINANCIAL PERFORMANCE|OF THE CHARITY|OF THE CHARITY|OF THE CHARITY||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||The consofidated
statemenl||of|finencial adivilies||includes|the results|of the charity's|wholly|ovmed subsidiary|which operates the cafe|
||and retafi outlets at Ihe|Museum.|||The summary|financial|performance|ofihe charily|alone|Is:||
|||||||||||Total|Total|
|||||||||||0|0|
||||||||||||6|
||Income and endowments|||||||||||
||Donations
and legacies|||||||||503,234|710,398|
||Charitable
adivities|||||||||631,46T|109,198|
||Other trading
actlvgles|||||||||7,000|5,000|
||Investments|||||||||210,259|236,269|
||Total Income|||||||||1,351,960|1,060,885|
||Expenditure|||||||||||
||Raising funds|||||||||61.021|77.289|
||Charitable
activities|||||||||2,192,886|1,603,623|
||Other trading
acfivffies|||||||||||
||Other|||||||||41,502|67,564|
||Total expenditure|||||||||2,315,409|1,748,478|
||Net gains/(losses)
on investments|||||||||941,939|709431|
||Net income/(expenditure)|||||||||(21,510)|21,640|
||Transfers
between
funds|||||||||||
||Actuarial gains/gosses)|on defined|||benefit|||||||
||pension scheme|||||||||(126,000)|74.000|
||Foreign exchange gains/(losses)|||||||||25,517|(46,977)|
||Net movement
in funds|||||||||((2tdt93)|48,663|
||Reconcgiatlon
offunds|||||||||||
||Total funds brought
forward|||||||||21,990,210|21,941,547|
||Total funds carried forward|||||||||21,868,217|21,990,210|