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2021-12-31-accounts

Page
Report
of the Trustees
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance
Sheet
Notes to the Financial Statements 5 to 9
Detailed
Statement
of		 Financial
Activities 10

for the

Year
Ended
31 Dece		 mber
2021
31.12.21 31.12.20
Unrestricted Total
fund funds
Notes
INCOME
AND		 ENDOWMENTS FROM
Donations and legacies 29,280 26, 457
Other
trading		 activities 62, 827 44, 694
Total 92, 107 71,151
EXPENDITURE
Charitable		 ON
acti		 vities
Charitable Activities 101,849 60,315
NET
INCOME		 / (EXPENDITURE) (9,742) 10,836
RECONCILIATION OF FUNDS
Total
funds		 brought
forward		 68,567 5 "F, 731
TOTAL
FUNDS		 CARRIED
FORWARD		 58,825 68,567
NE Land Sea and A ir
Museum
Ltd		 ir
Museum
Ltd		 .
Balance Sheet
31 December 2021
31.12.21 31.12.20
Unrestricted Total
fund funds
Notes f.
FIXED ASSETS
Tangible
assets		 21,465 24, 363
Investments 2 2
21,467 24, 365
CURRENT
ASSETS
Debtors 11,987 7, 922
Cash at bank and in hand 56,064 69,700
68,051 77, 622
CREDITORS
Amounts
falling
year		 due within one 10 (30,693) (33,420)
NET
CURRENT		 ASSETS 37,358 4N, 202
TOTAL ASSETS LESS CURRENT
LIABILITIES 58,825 68,567
NET ASSETS 58,825 68,567
FUNDS
Unrestricted funds 58,825 68,567
TOTAL
FUNDS		 58,825 68,567

OTHER
TRADING ACTIVI		 TIES
31.12.21 31.12.20
Transfer
of profits
Rental
income
Sale of exhibits		 from Subsidiary 7,374
9,300
5,430		 3,759
Education
workshops
Job retention
scheme
Government
grants
Sundry
receipts		 grants 10,718
29,912
93		 5,204
6,281
29,450
62, 827 44, 694

NET
INCOME/
(EXPENDITURE)
Net
income/(expenditure)
is stated after
charging/(crediting):
31.12.21 31.12.20
Depreciation
— owned assets
Hire of plant
and
machinery
Other
operating
leases
Deficit
on disposal
of fixed assets		 3,158
223
5,910		 28970
287
5,138
562

(
The average monthly number of employees during the year was as follows:
31.12.21 31.12.20
Full
time		 1 1
No employees received emoluments in excess of %,60, 000.
COMPARAT'IVES FOR
THE		 STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME
AND		 ENDOWMENT S FROM
Donations and legacies 26, 457
Other
trading
activities		 44, 694
Total 71 151
EXPENDITURE ON
Charitable activities
Charitable Activities 60, 315
NET
INCOME		 10, 836
RECONCILIATION
OF FUNDS		 RECONCILIATION
OF FUNDS		 RECONCILIATION
OF FUNDS		 RECONCILIATION
OF FUNDS
Total funds brought forward 57.731
TOTAL FUNDS CARRIED FORWARD 68,567

Fixtures
and
fittings		 Motor
vehicles		 Computer
equipment		 Totals
COST
At
1 January
2021
Additions		 33 532 4, 150 1,002
260		 38,684
260
At 31 December 2021 33,532 4, 150 1,262 38,944
DEPRECIATION
At
1 January
2021
Charge
for year		 13,119
2 255		 735
735		 467
168		 14,321
3,158
At 31 December 2021 15,374 1,470 635 17,479
NET BOOK VALUE
At 31 December 2021 18,158 2, 680 627 21,465
At 31 December 2020 20,413 3,415 535 24, 363

MARKET
VALUE		 MARKET
VALUE
At
31		 1 January
2021 and
December
2021
NET BOOK VALUE
At 31 December
2021
At 31 De'cember
2020

31.12.21 31.12.20 31.12.20
'E
Other
debtors		 10,816 4, 639
Prepayments 1,171 3,283
11,987 7, 922
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
Social security
Ridley project
Deferred
income		 and other taxes 5,872
20,435		 446
8,135
22,735
Accrued
expenses		 4,386 2, 104
30,693 33, 420
11. MOVEMENT
IN		 FUNDS
Net 9
movement At
At 1.1.21 in
funds		 31.12.21
f.
Unrestricted funds
General
fund		 68,567 (9,742) 58, 825
TOTAL
FUND S		 68,567 (9,742) 58, 825
Net
movement		 in funds, included in the above are as follows:
Incoming
resources		 Resources
expended		 Movement
in
funds
Unrestricted funds
General
fund		 92,107 (101,849) (9, 742)
TOTAL
FUNDS		 92,107 (101,849) (9, 742)
Comparatives for movement in funds
Net
movement At
At 1.1.20 in
funds		 31.12.20
f. f.
Unrestricted funds
General
fund		 57,731 10,836 68, 567
TOTAL
FUNDS		 57,731 10,836 68, 567

Comparative
 net
movement
in fun		 ds,
included
in the
abo		 ve
are as f		 ollows:
Incoming
resources		 Resources
expended		 Movement
in
funds
f.
Unrestricted funds
General
fund		 71,151 (60,315) 10,836
TOTAL
FUNDS		 71,151 (60,315) 10,836
Net
movement At
At 1.1.20 in
funds		 31.12.21
Unrestricted funds 9
General fund 57,731 1,094 58,825
TOTAL FUNDS 57 731 1,094 58,825

y
funds,
includ
p
ed
in the
above ar		 y


e as follows:
Incoming
resources		 Resources
expended		 Movement
in
funds
Unrestricted funds
General
fund		 163,258 (162,164) 1,094
TOTAL
FUNDS		 163,258 (162,164) 1,094
NE L NE L and
Sea a		 and
Sea a		 and
Sea a		 nd Air
Museum		 Ltd. Ltd.
Detailed Statement of Financial Activities
for the Year Ended 31 December 2021 31.12.21 31.12.20
f.
INCOME
AND
ENDOWMENTS
Donations
and legacies
Donations		 1, 308 6,237
Grants
received
Museum
entrances		 27, 972 3,543
16,677
29, 280 26, 457
Other
trading
activities
Transfer
of profits
from
Subsidiary
Rental
income
Sale of exhibits		 7,
9,
5,		 374
300
430		 3,759
Education
workshops
Job retention
scheme
grants
Government
grants
Sundry
receipts		 10,
29,		 718
912
93		 5,204
6,281
29,450
62, 827 40, 694
Total
incoming
resources		 92, 107 71,151
EXPENDITURE
Charitable
activities
Wages
and salaries
Pensions		 23, 957
531		 16,859
933
Hire of fixed assets 223 287
Transportation
fees
Rent,
rates
and water
Insurance
Light
and heat
Telephone
Postage
and stationery
Advertising
Sundry
expenses
Repairs
and
renewals
Motor
and travelling
expenses
Acquisition
of museum
exhibits
Depreciation
of tangible
fixed
assets
Loss
on sale of tangible
fixed
assets		 5,
2,
1,
10,
34,
14,
3,		 910
594
534
643
815
10
339
079
655
9
547
158		 5,138
3,010
1,748
2, 997
717
116
22
2, 898
13,470
1,407
5,000
2, 970
562
Bank charges 927 566
99, 931 58,700
Support
costs
Governance
costs
Accountancy
and book-keeping
Legal fees		 1,798
120		 1,553
62
1, 918 1,615
Total resources
expended		 101,849 60,315
Net
(expenditure)/income		 (9, 742) 10,836