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|Financial Statements|Financial Statements|year ended 31"May 2022||
|---|---|---|---|
|CONTENTS|||PAGE|
|Trustees Annual<br>Report||||
|independent<br>Examiner's|Report|||
|Statement ofFinancial|activities|||
|Balance Sheet||||
|Notes to the Financial|Statements|||





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||Note|Unrestricted|Restricted|Year to|Yearto|
|---|---|---|---|---|---|
|||fundsf|funds<br>f|31.5.22<br>f|31.5.21<br>6|
|INCOME FROM:||||||
|Donations<br>and legacies|4|54,321|1,659|55,980|130,402|
|Charitable<br>activities|5|129,722||129,722|45,411|
|TOTAL INCOME||184,043|1,659|185,702|175,813|
|EXPENDITURE ON:||||||
|Charitable<br>activities|6|151,529|5,836|157,365|120,208|
|Governance|7|3,480|63|3,543|2,931|
|TOTAL EXPENDITURE||155,009|5,899|160,908|123,139|
|Net income I (outgoing)<br>resources for the year||29,034|(4,240)|24,794|52,674|
|Revaluation<br>of exhibits|16|20,110||20,110||
|Net movement<br>in funds||49,144|(4,240)|44,904|52,674|
|Reconciliation<br>offunds:||||||
|Total funds at 1 June 2021||239,199|4,240|243,439|190,765|
|Total funds at 31 May 2022|17|288,343||288,343|243,439|





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||||Note|2022|2021|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible Assets|||10|179,588|143,748|
|Current Assets||||||
|Stocks|||12|5,086|4,968|
|Debtors|||13|13,928|10,831|
|Cash at bank snd<br>in hand||||135,233|132,200|
|Total Current Assets||||154,247|147,999|
|Creditors;<br>amounts<br>one year|falling|due within|14|21,881|23,808|
|Net Current Assets||||132,366|124,191|
|Total Assets less Current||Liabilities||311,954|267,939|
|Creditors;<br>amounts<br>more than one year|falling|due after|15|23,611|24,500|
|Nst Assets||||288,343|243,439|
|Charity Funds||||||
|Restricted<br>income funds|||16||4,240|
|Unrestricted<br>income|funds|||170,268|141,234|
|Revaluation<br>reserve||||118,075|97,965|
|Total Unrestricted<br>funds||||288,343|239,199|
|Total Charity funds||||288,343|243,439|





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|||||||Unrestricted|Restricted|Year to|Year to|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|31.5.2022|31.5.21|
|||||||6|E|f|6|
|4|Donations|and legacies||||||||
||Donations|||||40,044||40,044|26,977|
||Gift Aid|||||6,477||6,477|2,456|
||National<br>Lottery Heritage|||Funds Grants|||1,096|1,096|41,290|
||Local Council||Covid support||Grants|6,500||6,500|49,851|
||Audience<br>Development|||Grant|||500|500|4,500|
||Government||Grant for BBLInterest||||63|63|688|
||Subscriptlons|||||1,300||1,300|4,640|
|||||||54,321|1,659|55,980|130,402|
|||||||Unrestricted|Restricted|Year to|Year to|
|||||||funds|funds|31.5.2022|31.5.2021|
|||||||f|F|6|6|
|5|Charitable|activities||||||||
||Museum<br>entry fees|||||81,538||81,538|21,248|
||Shop sales|||||27,410||27,410|9,624|
||Events and|activities<br>income||||9,668||9,668|2,445|
||Other trading||income|||11,106||11,106|10,094|
||Profit on sale||offixed asset||||||2,000|
|||||||129,722||129,722|45,411|





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||||Unrestricted|Restricted|Year to|Year to|
|---|---|---|---|---|---|---|
||||funds|funds<br>f|31.5.22<br>f|31.5.21<br>f|
|6.|Charitable<br>activities||||||
||Advertising<br>& promotion||1,606|2,086|3,692||
||Cleaning expenses||510||51p|572|
||Cost ofGoods sold||12,804||12,804|3,400|
||Credit card charges||2,302||2 3p2|1,163|
||Depreciation||2,056||2,056|2,086|
||Dues &Subscriptions||||354|365|
||Exhibit Maintenance|8 Purchase|769||769|796|
||Insurances||8,522||8,522|7,992|
||ITExpenses||1,495||1,495|2,303|
||Light & Heat||9,957||9,957|5,567|
||Health<br>&Safety||1,708||1,708|7pp|
||Office expenses||1,996||1,996|2,933|
||Rates 8 Water||3,841||3,841|(1251|
||Rent &service charges||91,484||91,484|91,682|
||Repairs and mamtenance||1,896||1,896|210|
||Transport<br>costs||9,643||9,643||
||Miscellaneous||586|3,750|4,336||
||||151,529|5,836|157365|120208|
||||Unrestricted|Restricted|Year to|Year to|
||||funds<br>f|funds|31.5.22<br>f|31.5.21<br>f|
||Governance<br>costs||||||
||Accountancy fees||2,700||2,700|2,220|
||Bank Service charge||112||112|10|
||Companies House||13||13|13|
||Interest||655|63|718|688|
||||3,480|63|3 543|2,931|





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||Exhibits|Office|Fixtures|Total|
|---|---|---|---|---|
|||equipment|and fittings||
|Cost or valuation;|124,969|12,209|12,382|149,560|
|As at 1 June 2021|||||
|Additions|19,500|1,060|726|21,286|
|Disposals|(3,500)|||(3,500)|
|Revaluation|20,110|||20,110|
|As at 31 May 2022|161,079|13,269|13,108|187,456|
|Depreciation;<br>As at 1 June 2021||1,956|3,856|5,812|





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|Charge for the year||1,131|925|2,056|
|---|---|---|---|---|
|As at 31 May 2022||3,087|4,781|7,868|
|Net book value|||||
|At 31 May 2022|161,079|10,182|8,327|179,588|
|At 1 June 2021|124,969|10,253|8,526|143,748|



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||||||Yearto|Year to|
|---|---|---|---|---|---|---|
||Valuation|of Exhibits|||31.5.22|31.5.21|
||||||E||
||The assets were last valued|||in 2022 by|||
||the Charity's||Project Director|and|||
||Technical|Director based on||market|||
||value.||||161079|124969|
|12|Stock||||||
||||||Year to|Yearto|
||||||31.5.22|31.5.21|
||||||f|E|
||Goods for|resale|||5,086|4,968|
||||||5,086|4,968|
||||||Year to|Year to|
|13|Debtors||||31.5.22<br>E|31.5.21|
||Accounts|receivable|||470|3,031|
||Prepayments||||13,458|7,800|
||||||13,928|10,831|





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||||Yearto|Yearto|
|---|---|---|---|---|
||||31.5.22<br>f|31.5.21<br>E|
|14|Creditors;<br>Amounts|falling due within one year|||
||Trade creditors||2,050|810|
||Other creditors||1,148|2,148|
||Secured loans||15,350|15,350|
||Unsecured<br>loans||3,333|5,500|
||||21,881|23,808|



||Sqn Ldr J Sharpe|Sqn Ldr J Sharpe||||12,200|
|---|---|---|---|---|---|---|
||Mr & Mrs R Fulton|||||3,150|
|||||||15,350|
||||||Yearto|Year to|
||||||31.5.22|31.5.21|
|15|Creditors;|Amounts|falling due after more than|1 year|||
||Unsecured|loans|||23,611|24,500|





||Notes to the Financial|Notes to the Financial|Statements<br>year ended 31|Statements<br>year ended 31|Statements<br>year ended 31|May 2022 (continued)|May 2022 (continued)|May 2022 (continued)||
|---|---|---|---|---|---|---|---|---|---|
|||||At 1June|Incoming||Outgoing|Revaluation|At 31 May|
|||||2021|Resources||Expenses||2022|
|16|Net Movement<br>In funds|||||||||
||Unrestricted<br>funds|||||||||
||Restricted funds|||||||||
||Cultural<br>Recovery Fund for|||990|1,096||(2,086)|||
||Heritage 2|||||||||
||South West museums|development||3,250||500|(3,750)|||
||fund audience development||Grant|||||||
||Loan Interest paid by|Government||||||||



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|Analysis|ofthe net assets by fund|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total|
|||generalfunds|Funds|2022|Funds|
||||||2021|
|||6|6|6||
|Tangible Assets||179,588||179,588|143,748|
|Current Assets;||||||
|Stocks||5,086||5,086|4,968|
|Debtors||13,928||13,928|10,831|
|Cash at bank and in hand||135,233||135,233|132,200|
|||154,247||154,247|147,999|
|Creditors:||||||
|Amounts|falling due within one year|(21,881)||(21,881)|(23,808)|





|Net current assets||~12 66|||
|---|---|---|---|---|
|Creditors amounts|falling due after one year|23 611|23611|2**4**600|
|Net Assets|||2BLK||
|Fund Balances||28883344|||



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