## |||Page| |---|---|---| |Trustees'
Annual
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Auditor's|Report|11-12| |Statement of Financial|Activities|13| |Balance Sheet||14| |Statement
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I-| ## ||||||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| ## |13.|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| |14.|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|