2021-03-31-accounts - The Story Museum

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		Page
Trustees' Annual Report		1-10
Independent Auditor's	Report	11-12
Statement of Financial	Activities	13
Balance Sheet		14
Statement of Cash Flows		15
Notes to the Accounts		16-25

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					Charity	Group	Charity	Group
				Note	2021	2021	2020	2020
						f
Fixed Assets
Tangible assets					7,025,826	7,025,826	7,178,255	7,178,255
Intangible					125	125	125	125
Current Assets
Stocks					20,379	20,379	21,812	21,812
Debtors				10	451,598	453,680	225,461	215,009
Cash at bank and		in	hand		381,206	386,059	257,603	280,959
					853,183	860,118	504,876	517,780
Creditors: amounts			falling due
within one year					(367,065)	(372,466)	(512,981)	(525,836)
Net Current (Liabilities) IAssets					486,118	487,652	(8,105)	(8,056)
Long term liabilities				12	(412,054)	(412,054)	(618,454)	(618,454)
Net Assets					7,100,015	7,101,549	6,551,821	6,551,870
Funds
Restricted income		funds		13			10,001	10,001
Unrestricted
Designated	funds			14	7,087,951	7,087,951	6,559,926	6,559,926
General funds				14	12,064	13,598	(18,106)	(18,057)
Total funds					7,100,015	7,101,549	6,551,821	6,551,870

							2021	2020
Cash flows from operating activities:
Net cash provided by operating	activities						280,799	2,918,227
Cash flows from investing activities:
Purchase of property, plant and	equipment						(175,699)	(3,130,780)
Net cash (used in) investing activities							(175,699)	(3,130,780)
Change in cash and cash equivalents		in the	reporting	period			105,100	(212,553)
Cash and cash equivalents at	the beginning		ofthe reporting		period		280,959	493,512
Cash and cash equivalents at	the end	ofthe	reporting	period			386,059	280,959
Reconciliation of net movement in funds to			net cashflow from operating				activities
Net movement in funds for the reporting		period	(as per the Statement			of
Financial Activities)							549,679	2,047,742
Adjustments for:
Depreciation charges							328,128	58,529
(Increase) in stock							1,433	(3,231)
(Increase)/decrease in debtors							(238,671)	8,342
Increase/(decrease) in creditors							(359,770)	806,845
Net cash provided by operating	activities						280,799	2,918,227

											2021	2020
											F
	Cafe income										12,191	35,319
	Retailing										15,388	24,626
	Rent and room hire										21,625	39,329
	Ticketed events										37,693	24,013
	Schools programme		and	teacher training							1,846	30,968
	Corporate sponsorship										8,600	3,250
	Bank interest											466
	Consultancy										400
											97,743	157,971
4.	Expenditure	on raising		funds
											2021	2020
	Fundraising	services and		expenses							9,498	38,324
	Staff costs										84,714	75,944
											94,212	114,268
5.	Expenditure	on charitable			activities
											2021	2020
											E
	Professional	fees and expenses				relating		to outreach,	exhibitions
	and events	programme,		and trading							100,053	114,977
	Staff costs relating		to outreach			exhibitions		and events programme
	and trading										425,281	289,250
	Professional	fees and expenses				relating		to museum	building	development	20,255	232,950
	Staff costs relating		to museum			building	development					90,868
											545,589	728,045
	Support costs (note		6)								686,019	270,928
											1,231,608	998,973

Support co	sts
					2021	2020
						F
Staff costs					176,608	183,480
Depreciation					328,128	58,529
Office, marketing		and	professional	costs	174,496	21,876
Governance	costs (note 7)				6,787	7,043
					686,019	270,928
Governance	costs
					2021	2020
					f
Auditor's remuneration			—audit services		5,950	5,950
Board meetings					837	1,093
					6,787	7,043

			2021	2020
			F
Salaries			635,431	581,935
National	insurance		39,854	46,133
Employer's		pension	11,318	11,474
			686,603	639,542

Tangible assets
	Leasehold	Long Leasehold	Equipment	Museum	Total
	Improvements	Property		Fit-out
		F
Cost
At 31st March 2020	4,583,091	2,190,000	137,724	567,788	7,478,603
Additions	86,469		24,199	65,031	175,699
At 31st March 2021	4,669,560	2,190,000	161,923	632,819	7,654,302
Depreciation
At 31st March 2020	210,602		89,746		300,348
Charge for the period	183,323	18,099	22,069	104,637	328,128
At 31st March 2021	393,925	18,099	111,815	104,637	628,476
Net book value
At 31st March 2021	4,275,635	2,171,901	50,108	528,182	7,025,826
At 31st March 2020	4,372,489	2,190,000	47,978	567,788	7,178,255

Debtors
		Charity	Group	Charity	Group
		2021	2021	2020	2020
				f
Trade debtors		1,895	2,536	3,715	10,375
Donations/grants	receivable	333,801	333,801	92,067	92,067
Prepay ments				2,634	2,634
VAT debtor		27,013	28,454	111,593	109,933
Due from subsidiary				15,452
Other debtors		88,889	88,889
		451,598	453,680	225,461	215,009

		Charity	Group	Charity	Group
		2021	2021	2020	2020
		f.
Trade creditors		141,151	141,151	297,662	297,962
Other creditors		3,200	3,200	3,200	3,200
Deferred	income	29,951	33,851	10,701	21,756
Pension	creditor	2,031	2,031	2,350	2,349
Accruals		9,332	10,833	199,068	200,569
Loan from Arts Impact Fund		181,400	181,400
		367,065	372,466	512,981	525,836

				Charity	Group	Charity	Group
				2021	2021	2020	2020
				F		f
Loan	from	Arts Impact Fund		177,054	177,054	358,454	358,454
Loans	from	Trustees and other related	parties	235,000	235,000	260,000	260,000
				412,054	412,054	618,454	618,454

Restricted funds	Restricted funds
2021				At 1st				At 31st
				April 2020	Income	Expenditure	Transfers	March 2021
				E
Programme,	Learning		and
participation	projects			10,001	76,650	(83,851)	(2,800)
Capital projects
Chapter 2					473,768	(27,785)	(445,983)
Total Restricted		Funds		10,001	550,418	(111,636)	(448,783)
2020				At 1st				At 31st
				April 2019	Income	Expenditure	Transfers	March 2020
							f
Programme,	Learning		and
participation	projects			42,854	160,768	(193,621)		10,001
Capital projects
Chapter 2					2,119,825	(330,897)	(1,788,928)
Total Restricted		Funds		42,854	2,280,593	(524,518)	(1,788,928)	10,001

Unrestricted	funds	funds
2021			At 31st				At 31st
			March 2020	Income	Expenditure	Transfers	March 2021
							f
Designated:
- long leasehold		property
and property		improvements	6,562,614		(201,422)	86,469	6,447,661
-other fixed assets			615,766		(126,706)	89,230	578,290
-Chapter 2			(618,454)			618,454
- Maintenance		Reserve				62,000	62,000
			6,559,926		(328,128)	856,153	7,087,951
General funds			(18,057)	1,325,081	(886,056)	(407,370)	13,598
			6,541,869	1,325,081	(1,214,184)	448,783	7,101,549
2020			At 31st				At 31st
			March 2019	Income	Expendituref	Transfers f	March 2020
Designated:
—long leasehold		property
and property	improvements		4,103,065		(50,898)	2,510,447	6,562,614
-other fixed assets			3,065		(7,631)	620,332	615,766
-Chapter 2			307,644	467,395	(66,143)	(1,327,350)	(618,454)
			4,413,774	467,395	(124,672)	1,803,429	6,559,926
General funds			47,500	412,995	(464,051)	(14,501)	(18,057)
			4,461,274	880,390	(588,723)	1,788,928	6,541,869

	Unrestricted	Restricted
	Funds	Funds	Total
		f	f
2021
Fixed assets	7,025,951		7,025,951
Net current assets/(liabilities)	487,652		487,652
Long term liabilities	(412,054)		(412,054)
	7,101,549		7,101,549
2020
Fixed assets	7,178,380		7,178,380
Net current assets/(liabilities)	(18,057)	10,001	(8,056)
Long term liabilities	(618,454)		(618,454)
	6,541,869	10,001	6,551,870

which delivers the schools programme. A summ is set out below:	ary of the results for the period ended 31	st March 2021
	2021	2020
		E
income	1,846	20,598
Expenditure	(312)	(20,550)
Profit for the period	1,534	48
Assets	6,935	30,016
Liabilities	(5,400)	(29,967)
Net assets	1,535	49