Registered number: 08689748 Charity number: 1155407
THE CATER MUSEUM
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE CATER MUSEUM
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 - 8 |
| Notes to the financial statements | 9 - 21 |
THE CATER MUSEUM
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021
Trustees
M N Sinclair
C N Taft T J Gregson
B C McPherson
P L Rothon
M K Acors
A W Adshead
M R Lee
Company registered number
08689748
Charity registered number
1155407
Registered office
74 High Street Billericay Essex CM12 9BS
Principal operating office
74 High Street Billericay Essex CM12 9BS
Company secretary
C N Taft
Accountants
Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
Page 1
THE CATER MUSEUM (A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their annual report together with the financial statements of charity for the 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The principal object of the charity is to provide a museum that exhibits local antiquities and other objects of interest for the benefit and use of the inhabitants of, and visitors to, Billericay.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Forces beyond our control
Due to the pandemic, the museums premises have been closed to the public for the whole year. This has provided the opportunity to continue with the redecoration and refurbishment which had been commenced in the previous year, as and when restrictions were lifted and it was safe to do so.
Artefacts have continued to be catalogued and our displays have been redesigned with a view to them having a broader appeal for our visitors when the public can again be admitted, which now seems more likely to be in 2022.
The financial measures taken by the Trustees and the provision of support by local and national government during these exceptional times has ensured that the Museum is well placed to continue for the foreseeable future.
Page 2
THE CATER MUSEUM (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Achievements and performance
a. Key performance indicators
The income of the charity has reduced in the year, as expected, given that nearly all of the income is rental income and one of the tenants' leases expired and was followed by a rent free period due to the pandemic. Cash at bank and in hand remains consistent and is more than adequate to cover expenditure for at least 12 months.
A reserves policy of £15,000 has recently been established. This allows for one of our rented shops to be empty for a period of 1 year, or for both to be empty for a period of 6 months. In addition the reserve includes provision for any unbudgeted expenditure. This policy will be reviewed annually.
Regular financial reviews are undertaken by the Trustees, and if any issues were identified, an appropriate policy would be implemented.
b. Fundraising activities and income generation
The majority of the museum's income is derived from the receipt of rent in respect of the freehold property. A small income is generated via sales of books, postcards and other items, bequests and donations from visitors and local supporters. During the year one of the tenants renewed their lease for a further period of five years.
Although we have no indication of issues in Billericay, given the challenging trend for High Street retail outlets nationally, the Trustees have been discussing opportunities for income diversification.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Structure, governance and management
a. Constitution
The Cater Museum is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 13 September 2013.
The charity is constituted under a Memorandum of Association dated 13 September 2013 and is a registered charity, number 1155407.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of a winding up.
Page 3
THE CATER MUSEUM (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Plans for future periods
During 2021 there are plans to undertake significant improvements to several rooms in the Museum. A grant was secured from Essex County Council to help with refurbishment of two rooms and further rooms will be targeted as part of a major overhaul previously delayed due to the pandemic. The trustees identified the need to repair and/or replace exciting windows which were thought to have become unsafe. Extensive research was undertaken to locate a suitable company to carry out the work and they have been instructed to commence the project in spring 2022. Temporary repairs to make the windows safe have been carried out. The impact of the Covid-19 closure of the Museum is not fully known at this point but the Trustees will continue to monitor the situation closely.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
M N Sinclair
Trustee Date: 25 November 2021
Page 4
THE CATER MUSEUM (A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
Independent examiner's report to the Trustees of The Cater Museum ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 25 November 2021 Stuart Harrison FCA
Venthams
Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
Page 5
THE CATER MUSEUM
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 117 - 18,152 14,867 33,136 500 29,657 30,157 2,979 436,354 2,979 439,333 |
Total funds 2021 £ 117 - 18,152 14,867 33,136 500 29,657 30,157 2,979 436,354 2,979 439,333 |
Total funds 2020 £ 2,226 20 24,809 - 27,055 746 29,681 30,427 (3,372) 439,726 (3,372) 436,354 |
|---|---|---|---|
Page 6
THE CATER MUSEUM
(A Company Limited by Guarantee)
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021
| Note Fixed assets Tangible assets 12 Investments 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total net assets Charity funds Restricted funds 17 Unrestricted funds 17 Total funds |
1,013 1,373 54,150 56,536 (5,584) |
2021 £ 378,381 10,000 388,381 50,952 439,333 - 439,333 439,333 |
1,513 1,540 50,338 53,391 (2,037) |
2020 £ 375,000 10,000 |
|---|---|---|---|---|
| 385,000 51,354 |
||||
| 436,354 | ||||
| - 436,354 |
||||
| 436,354 |
Page 7
THE CATER MUSEUM
(A Company Limited by Guarantee)
BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
M N Sinclair Trustee Date: 25 November 2021
Page 8
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. General information
The charity is a company limited by guarantee, registered in England and Wales. Its registered office is 74 High Street, Billericay, Essex, CM12 9BS. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Cater Museum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The Trustees have considered the possible effects on the charity of the impacts of the pandemic caused by the coronavirus (Covid-19). Taking into account a period exceeding 12 months from the date of approval of these financial statements, the Trustees have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.
Page 9
THE CATER MUSEUM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10
THE CATER MUSEUM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £1000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the following bases: .
Depreciation is provided on the following bases:
- Freehold property not depreciated - Fixtures and fittings 20% Straight line
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.12 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
THE CATER MUSEUM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
3. Income from donations and legacies
| Unrestricted funds 2021 £ Donations 117 Grants - 117 Total 2020 2,226 4. Income from charitable activities Unrestricted funds 2021 £ Income from charitable activities - Museum - Total 2020 20 5. Investment income Unrestricted funds 2021 £ Investment income - local investment properties 18,000 Investment income - local cash 152 18,152 Total 2020 24,809 |
Total funds 2021 £ 117 - 117 2,226 Total funds 2021 £ - 20 Total funds 2021 £ 18,000 152 18,152 24,809 |
Total funds 2020 £ 1,976 250 2,226 |
|---|---|---|
| Total funds 2020 £ 20 |
||
| Total funds 2020 £ 24,500 309 24,809 |
||
Page 13
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6. Other incoming resources
| Government Grants Coronavirus Job Retention Scheme 7. Analysis of expenditure on charitable activities Summary by fund type Museum Total 2020 8. Analysis of expenditure by activities Museum Total 2020 |
Unrestricted funds 2021 £ 10,000 4,867 14,867 Unrestricted funds 2021 £ 29,657 29,681 Activities undertaken directly 2021 £ 29,657 29,681 |
Total funds 2021 £ 10,000 4,867 14,867 Total funds 2021 £ 29,657 29,681 Total funds 2021 £ 29,657 29,681 |
Total funds 2020 £ - - - |
|---|---|---|---|
| Total funds 2020 £ 29,681 |
|||
| Total funds 2020 £ 29,681 |
|||
Page 14
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Rates Light and heat Repairs and maintenance Insurance Legal and professional fees Subscriptions Conservation Postage, printing and stationery Telephone Sundry expenses Exhibition and storage costs Depreciation Governance costs Total 2020 |
Museum 2021 £ 16,307 333 1,605 4,212 1,095 1,440 175 375 63 587 89 1,090 846 1,440 29,657 29,681 |
Total funds 2021 £ 16,307 333 1,605 4,212 1,095 1,440 175 375 63 587 89 1,090 846 1,440 29,657 29,681 |
Total funds 2020 £ 16,298 1,084 1,517 5,081 1,072 7 510 1,269 244 592 169 98 - 1,740 29,681 |
|---|---|---|---|
9. Independent examiner's remuneration
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charity's independent examiner for the independent | ||
| examination of the charity's annual accounts | 1,440 | 1,404 |
Page 15
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
10. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes The average number of persons employed by the charity during the year was Museum |
2021 £ 15,979 328 16,307 as follows: 2021 No. 5 |
2020 £ 15,970 328 |
|---|---|---|
| 16,298 | ||
| 2020 No. 6 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .
Page 16
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
12. Tangible fixed assets
| Cost or valuation At 1 April 2020 Additions At 31 March 2021 Depreciation Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 13. Fixed asset investments Cost or valuation At 1 April 2020 At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 |
Freehold property £ 375,000 - 375,000 - - 375,000 375,000 |
Fixtures and fittings £ - 4,227 4,227 846 846 3,381 - |
Total £ 375,000 4,227 379,227 |
|---|---|---|---|
| 846 846 |
|||
| 378,381 | |||
| 375,000 | |||
| Unlisted investments £ 10,000 |
|||
| 10,000 | |||
| 10,000 | |||
| 10,000 |
Page 17
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
14. Stocks
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Finished goods and goods for resale | 1,013 | 1,513 |
15. Debtors
| Due within one year Prepayments and accrued income |
2021 £ 1,373 1,373 |
2020 £ 1,540 |
|---|---|---|
| 1,540 |
16. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2021 £ 258 136 - 5,190 5,584 |
2020 £ - 69 64 1,904 |
|---|---|---|
| 2,037 |
Page 18
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
17. Statement of funds
| Statement of funds - current year Unrestricted funds Designated funds Property fund General funds General Funds Total Unrestricted funds Statement of funds - prior year Unrestricted funds Designated funds Property fund General funds General Funds Total Unrestricted funds |
Balance at 1 April 2020 £ 375,000 61,354 436,354 Balance at 1 April 2019 £ 375,000 64,726 439,726 |
Income £ - 33,136 33,136 Income £ - 27,055 - |
Expenditure £ - (30,157) (30,157) Expenditure £ - (30,427) (30,427) |
Balance at 31 March 2021 £ 375,000 |
|---|---|---|---|---|
| 64,333 | ||||
| 439,333 | ||||
| Balance at 31 March 2020 £ 375,000 |
||||
| 61,354 | ||||
| 436,354 |
Page 19
THE CATER MUSEUM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
18. Summary of funds
Summary of funds - current year
| Designated funds General funds Summary of funds - prior year Designated funds General funds |
Balance at 1 April 2020 £ 375,000 61,354 436,354 Balance at 1 April 2019 £ 375,000 64,726 439,726 |
Income £ - 33,136 33,136 Income £ - 27,055 27,055 |
Expenditure £ - (30,157) (30,157) Expenditure £ - (30,427) (30,427) |
Balance at 31 March 2021 £ 375,000 64,333 439,333 |
|---|---|---|---|---|
| Balance at 31 March 2020 £ 375,000 61,354 436,354 |
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Tangible fixed assets 378,381 Fixed asset investments 10,000 Current assets 56,536 Creditors due within one year (5,584) Total 439,333 |
Total funds 2021 £ 378,381 10,000 56,536 (5,584) 439,333 |
|---|---|
Page 20
THE CATER MUSEUM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
19. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 375,000 10,000 53,391 (2,037) 436,354 |
Total funds 2020 £ 375,000 10,000 53,391 (2,037) 436,354 |
|---|---|---|
20. Pension commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £327 (2020 - £328). Contributions totalling £NIL (2020 - £64) were payable to the fund at the balance sheet date and are included in creditors.
21. Related party transactions
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2021.
Page 21