Registorad number.. 08716250
Charity number.. 1158304
Huguenot Heritage Centre
(A company limited by guarantee)
HUGUENOT MUSEUM
Unaudited
Trustees. report and financial statements
For the year ended 31 March 2021

Huguenot Heritsge Centre
IA company limited by guarantee)
Contents
Page
Rgference and adminlstratlve detsils of the charity, its trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial actlvities
10
Balance sheet
Notes to the financial statements
12-20

Huguenot Heritage Centre
IA company limited by guarantee)
Reference and administrative dgtails of th• company. its trustees and advisers
For the year ended 31 March 2021
Trustees
P J DLJval. Chairman
L J DLJ Cane. Treasurer
B M de L Cazenove
K J Michael
Dr T V Murdoch
HFDoe
(resigned 6 September 20201
Company registered number
08716250
Charity registered number
1158304
Registered office
95 High Street
Rochester
Kent
ME1 1LX
Company secretary
LJDuCane
Accountants
Kreston Reeves LLP
Chartered Accountants
Monlague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Pag8 1

Huguenot Heritage Centre
IA 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 the Charty for the year 1 April
2020 to 31 March 2021 The Annual report serves the purposes of both a Trustees, report and a DI￿¢10rS, report
under company law. The Trustees confirm that the Annual report and financial slalemenls of the Charitable
Company comply wrth the current slalulory requirements, the requiremen15 of the Charrtable Company's
goveming docurllenl and the provisions ol the Statement of Recommended Practice ISORPI applicable to
charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and
Republic of Ireland IFRS1021 leffective 1 January 20191.
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of
medium and large companies Ljnder the Companies Act 20(6 Istralegic Report and Directors, Reporti
Regulations 2013 has been omitted
Objectives and activities
a. Policios and objgCtIVgS
The objects of the Charity, as sel out in Clause 4 of ils Articles of Association. are..
to advance education ol the public by eslablishing, developing. and operating a Huguenot Heritage Centre li.e.
the Huguenot Museum) at 95 High Street, Rochester, ME1 1 LX".
lo advance education ol the public by promoting interest in, and knowledge of, Huguenot herrtage." and
to advance education ol the public by holding, managing and conserving Huguenot and Huguenol-related
collections and archives and making such collections and archives publicly available for the purpose of viewing
and research and the publicatk)n of the resuls of that research.
b. Strategie$ for achlevlng objectlves
These objects are forwarded by the activities of the Huguenot Museum. which opened to the public on 13 May
2015, and which has a programme of pemianenl and temporary displays and exhibitions. interprelalion and
educational events. special events. family actwilies and outreaeh work.
c. Publi¢ benoflt
The Trustees have complied with the duty under Section 4 of the Charities Act 2006 to have due regard lo public
benefit guidance published by the Charitie5 Commission. They have considered this guidance In deciding what
activities the Chanly should undertake, and they are satisfied that the Charity confers a public benefit
d. Volunteors
Volunteer guides are invaluable In helping the Museum lo engage visitors. The Trustees wish lo convey their
gratitude for the support given by volunteers. withoijl whom the Museum would be unable to offer its visitors
the high-quality experience that has resulted in so many positive comments.
Pagè 2

Huguenot Heritage Centre
IA company limited by guarantee)
Trustees. report Icontinuedl
For the year ended 31 March 2021
Structure, governance and management
Constitution
The Charity was incorporated as a charrtable company limited by guarantee on 2 October 2013., its company
registered number Is 08716250. The Charity's governing document is its Articles of Association, the current
version of which was registered at Companies House on 12 August 2014.
The Charity was registered as a charity w(th the Charity Commission on 20 August 2014., ils charity number is
1158304. The Direclois of the Company are the Trustees of the Charity.
b. Methods of appointment or election of Trustg9S
The Trustees have assessed the necessary and ¢Yesirable skills, attributes and experience that they consider
should be available to the board in order lo enable il most effectively lo fulfil the objects of the Charty. Where
deficiencies in skills and experience among the existing Board of Trustees have been Identified. the Trustees are
actively seeking to address such deficiencies. Consideralion is also given to succession planning.
An Individual proposed as a Trustee is subjecled to a thorough selectlon and interview process to ensure that
hislher appoinlrnent as a trustee will strengthen the overall composition and balance of Ihe Board of Trustees. At
each annual general meeting one third of the Trustees lor. if their number is not three or a multiple of three. the
nLJmber nearest lo one Ihirdl musl ￿tire from office. the Trustees retiring being those who have k)een longest in
office since their last appoinlmenl.
Clauses 27 to 39 of the Charity goveming document describe the powers of Trustees, and the procedures for their
appoinlment. resignation and removal.
c. Organisational structure and decision-rnaking polici9$
Under the Gharity's governing document. the Trustees are responsible for the management and control of 811 the
charty's activities. The Trustees meet regularly in order lo consider the Charity's affairs.
The tasks of the day lo day running of the Museum, the maintenance of Ils premises. and the management of the
Chaiily s other ernployees are delegated to the Museum Director. who is supervised by. and reports to, the Board
of Trustees.
Staff are involved in major decision making and policy formulation wherever possible.
d. Policies adoptgd for the induction and training of Trustees
New Trustees are briefed by the Secretary eoncerning both their duties and the Charity's expectation$ of ils
Iruslees. They also receive a copy of both the Charity's governing document, and the Charity Commission's
guidance publication. The essential twstee.. what you need to know ICC31. In addition. new IrLJslees are
Instructed in the work of the Museum by the Museum Director Extemal training for Trustees in matters of
governance is available.
Page 3

Huguenot Heritage Centre
IA company limited by guarant801
TrUSt￿s. report Icontinuedl
For the year ended 31 March 2021
Achlevements and perfomiance
a. Main achievements ofthe charity
In common with all rnuseums, we started the year under the restrictions of the first n81ional Covid lockdown. This
was particularly Iruslraling when we had ended the previous year on such a high note. with the highest annual
number of visitor5 we had had since opening. and with so much momentum on all fronts of our activities and
commLJnity engagement
We were able lo maintain contact with our audiences through both national lockdowns with our family history
service. maintained by a small team of Incredibly dedicated volunteers who responded enthusiastically lo growing
numbers of visitors. who had turned lo exploring their family history In their enforced lime at home. The income
generated by this service was useful, but the opportunity lo maintain a link to remote visitors was invaluable and
the service continued lo operate well remotely even once we reopened our doors again. Our spaces are small,
and our family history volunteers are in the more vulnerable category, so we did not return lo lace to face sessions
during the year.
We turned lo internet-based activity and engagement where we could, from zoom-ba$ed volunteer meetings to
stepping up our social media aclivity and growing social media followers al a faster rale than ever before A
highlight of Ihe year was our online talk from internalional-beslselling author Kale Mosse on 23 Janijary 2021,
which was the only live event with audience questions of the launch week for The City of Tears This is the
second in Kale's Huguenot quartet, which started with The Burning Chambers. The event attracted 100
participants from around the world, including key part5 of the Huguenot diaspora, South Africa and the United
Slates. More than 400A of participants were also from OLJtside our core region Imedway. Kent, London and
Essex), giving positive options for extending our geographical engagement. Unfortunately, our reduced staff
capacity over the year meanl that we were unable to ¢apilalise on the trend for online talks and events. and so we
were unable to launch an extended season of similar online events in 2021-22 However. we We￿ able lo end the
year with our first online learning session for university students, which is a model which we hope lo be able lo
develop as part of a hybrid approach lo learning and events wrth the option of both in person and online access.
The connections we make betsveen the 'first refugees, and the refugees of today continue lo be valued by visitors,
and continue to open up opportunrties for discussion and engagement. One family described the Huguenot
Museum as'a national treasure
we loved this famity friendly museum
The exhibition also beautiful
Interweaves short contemporary refugee narratives In a touching and inspiring way. This tiny museum musl
surely be one of the m051 relevant museum5 in the UK today. It tells the forgotten narrative of the blessing and
value of refugees In our British society down through lime. During this year we continued lo work with Mina
hhcPhee who Is a trustee of refugee charity Kent Kindness, and we org8nised an event with refugees from Kent
Kindness and Phosphoros Theatre just before the first lockdown,. Mina is further slrenglhening our relationship
with Kent Refugee Action Nefvlork.
The Covid pandemic had a significant impact on our staffing capacity in a number of ways. It meant that we we
unable lo fill the vacant Learning and CommLJnity Engagement Officer post. and in June 2020 our Visitor Services
and Volunteer Co-ordinator had to leave for family reasons and could not be replaced until November that year.
This left us wrth just the Director and our team of volunteers, who rose admirably lo the challenge of reopening the
Museum in July 2020. Covid also depleted oul volunteer team. Some of whom were shielding and vulnerable.
This meant both that we suspended our family history service for a few months in the summer, and that we had lo
be careful about restoring activities that volunteers had previously participated in. Our Visitor Services and
Volunteer Co-ordinator, Georgia, had been furloughed al the beginning of the pandemic, leaving only the Director.
and for the last few months of the year the Director her$eW was part-furloughed.
Page 4

Huguenot Heritage Centre
IA company limited by guarantgel
Trustees, report lcontinuedl
For the year ended 31 March 2020
We opened just days a week - on Fridays and Saturdays las compared to our usual four daysl - until the
second lockdown in November. Our visitors were around 20010 of normal attendance. bLJI this compared
favourably with other museums. and we were able lo manage the balance between demand and social
distancing with relative ease and comfort. We opened for the annual Heritage Open Days Festival, bul visitor
numbers were again around 20¢/0 of the 400420 visitors that we achieve in a normal year. Visitor feedback,
however, wa5 extremely positive. with visitors feeling safe to come to the Museum. One visrtor summed up
with the comment". 'Absolutely brilliant. Just the right size Quality exhibits, wonderfully displayed.
Fascinatingl. We had strong engagement from those who had Huguenot connections to those who were new
lo the story of the Huguenots and the French Hosprtal.
While visitor Interest was qurte buoyant. opportunrties for generating income beyond admission lickels and
shop sales were quite limited Inrtially, of course. demand for venue hire evaporated. which was a significant
blow lo our Income, and one ol our key clients had been a language school, which has not been able to
resume ils operations in the UK.
We were able lo reopen in the summer of 2020, thanks lo grants received from Medway Council and the
Nalional Lottery Heritage Emergency Fund. and we would particularly like lo express our thanks for this
support We would also like to record OLJr thanks to Soijlh East Museum Development. and lor generous
donations from key individual supporters
During the year we submrtted our final evaluation report for our NLHF project grant which reported extremely
high levels of visitor satisfaction with the galleries and events, and hi9h levels of volunteer salisfaclion.
'Visilors lo the Museum are having a very positive valued experience. They value the high-quality
presentation. unique personal stories. relevan¢e and significance of the Huguenot story In British history and
in ielalion lo refugees in the UK lo)day'. This provide5 a p0511ive foundation on which lo build the future of the
Huguenot Museum
The Trustees wish lo express their gralrtude for the hard work and dedication of the staff..
Dinah Winch - Museum Director
Georgia Cook - Learning and Community Engagement Officer (to 15 September 20201
Holly Austin-vera - Visitor Services and Volunteer Co-ordinator (from 1 November 2020 to 20 June 20211
b. Revlew of activitie$
The Charity's lolal income for the period lolalled £177,03312020.. £194.8881. Total expendi(ure amounted lo
£159.82912020" £181,390). Staff remuneration amounled to £64,03412020.. £83.6331, premises related costs to
£36,40112019. £52.1561, fundraising expenditure lo £14212020." £6,942). and other operational costs lo £59,252
12020.. £38.6591
Al 31 March 2021 the Charity's lolal funds amounted to £111.41512020'. £94.2111. an increase of £17.204
Page 5

Huguenot Heritage Contre
IA company limited by guarantee)
Trustees, report Icontinuedl
For the year ended 31 March 2021
Financial rgVI&W
a. Going concern
After making appropriate enquiries. the Trtjslees have a reasonable expectation that the Charty has adequate
resoLJrces to ¢ontinLJe in operational existence for the current accounting period. For this reason. they continue lo
adopt the going concern basis in preparing the financial slatemenls. Further details regarding the adoption of the
going concern basis can be found in the accounting policies.
b. Resgrves policy
As a precaution against Ljnforeseen adverse events. the Trustees wish lo maintain unrestricted reserves sufficient
to fund the core operation of the Museum for a penod of 81 least six calendar months.
¢. PrincSpal funding
In the year ended 31 March 2021 the Charty's principal sources of core funding were.
Grant funding National Lottery Heritage Fund £28.63712020. £86,108)
Grant funding The Patrick Dalby Trust £5.000
Grant funding - The Lord Faringdon Charitable Trust £2.50012020. £2.5001
Grant funding - The Dyers, Company Charitable Trust £1.00012020." £1,000)
Grant funding - The Radnor Charitable Trust £500
Donation5 (including Gift Aidl £8.60112020' 31.1031
Museum operational activities £26.88012020. £59,177>
In addf(ion, during the year and as assistance in meeting the Challenges reSu￿1ng from the Covid-19 pandemic.
the Charity received one-off grant funding, as follows.
National Lottery Heritage Fund £57,894
Medway Coijncil £41.572
Coronavirus Job Retention Scheme £4,449
The Trustees wish to express their gratitude lor the support the Museum has received from the National Lottery
Hentage Fund. the Patrick Dalby Trust, The Lord Faringdon Charitable Trust, The Dyers, Company Charrtable
Trust. and The Radnor Charitable Trust.
e. Financial risk management
The Trustees have 8 duty lo identify. assess and regularly review the risks to which the Charty is exposed, in
particular those related lo the operations and finances of the Charity The Trustees need lo ensure th81
appropriate controls are In place to provide reasonable assurance against fraud and error.
During the year ended 31 March 2021 the Trustees have identified and assessed the major risks to which the
Charily is exposed They are satisfied that, in the introduction of robust systems and procedures, they have taken
appropriate steps lo mrtigate exposure lo major risks.
f. Classes of membership
Under Clause 11111 of the Articles of Assctialion the Trustees may establish classes of membership with different
rights and obligations, and shall record the rights and obligations In the register of members To ensure that. if
necessary, control of the Charity May be exerc1sed by the Directors of The French Hosprtal Icharily number".
2193181. the Trustees have established classes of membership, which classes are defined as follows".
Foundation. Foundation membership is open only to Directors of The French Hosprtal. Foundation
members have a right lo attend. speak and vole al general meetings of the Charity.
General. General membership Is open lo all persons except Directors ol The French Hospital. General
members have a right lo attend and speak, but do nol have the right to vote, at general meeting$ of the
Charity.
Pagè 6

Huguenot Heritage Centre
IA company limited by guarantsel
Trustees. report l¢ontinuedl
For the year ended 31 March 2021
Plans for future periods
The Museum has the following strategic aims.
lo make museum operations sustsinable and increase our resilience for the future.
lo become the home ol knowledge foi Huguenot Collections nationwide and develop a ￿presentatIVe
collection of our own.
lo develop a national and International profile in Huguenot history. culture and heritage by offering a
varied and engaging programme of display5, activities and events on sile and online.
lo lead the sector In providing leaming opportunities for audiences which connect the Huguenot Legacy
with ¢onlemporary issues In the present day.
The Covid pandemic has resulted In an immediate need lo address the problern of the Museum lacking a
financially-sustainable mode of operation. To this end, a Recovery Advisory Group has recently been fomied,
with the tasks ol both evaluating the economie and funding potential of the various elements of the Museum's
existing and projected operations, Including looking into opportunities for partnerships. and of harnessing the
widespread support that the Museum has from ils stakeholders, ils volunteers and the general public. For the
P￿Sent, lo ensure that Ihe Charity continues lo have sufficient financial reserves, rt has been necessary
temporarily lo save on staffing and other c05t5, and lo curtail public access to the Museum's collections. We are
anticipating that the work of the Recovery Advisory Group will result in Museum activrties returning during the
Summer of 2022
Page 7

Huguenot Heritage Centre
IA company limited by guarantee)
Trustoes. rèport l¢ontlnugdl
For the year ended 31 March 2021
Statement of Trust8es' responsibilities
The Trustees (who are also the Directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial st*ements for each financial year. 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 ol the Charity and of its income and application of resources, including Its Income and
expendilLJre. for that period In preparing these financial slalemenls. the Trustees are required to..
select suitable aecounling policies and then apply them consislenlly,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and a¢coiJnling eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material
departures disclosed and explained In the financial stalemenls..
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the
Charity will Continue in business
The Trustees are responsible for keeping adequate accounting records that are sufficient 10 show and explain the
Chaiily's transactions and disclose with reasonable accuracy al any time the financial posrtion of the Charity and
enable them lo ensure that the linanc5al Statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps lor the prevention
and detection of fraud and other irregularities.
This report was approved by the trustees on 28 December 2021 and signed on their behalf by..
L J Du Cane, Trustee
Page 8

Huguenot Heritage Centre
IA company limited by guarantee)
Indèpendènt examinèr's report
For the year ended 31 March 2021
Independent examinerfs report to the Trustees of Huguenot Heritage Centre I'the Charity'l
I report to the Charty Trustees on my examination of the accounts of the Chanty for the year ended 31 March
2021, which are set out on pages 10 to 20.
Re$pon$ibilitie$ and basis of report
As the Trustees ol the Charity land Ils Directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'i.
Having satisfied myseLI that the accounts of the Charity are not ￿qUired lo be audited under Part 16 of the
2006 Act and are eligible foi independent examination, I report in respect ol my examination of the Charity's
ac¢ounls carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my
exarninalion I have followed the Directions given by the Charity Comrnission under section 14515llbl 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 w1th the
examination giving me cause to believe..
1. accounting records were not kept In respect of the Charity as required by section 386 of the 20C6 Act., or
2. Ihe accounts do not accord with those records,. or
3. 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 'lrue and fair, view which is not a matter considered as part of an
Independent examination.. or
4. the accounts have not been prepared In accordance with the methods and prinCip￿S of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts In accordance with the Financial Reporting Standard applicable in the UK and the Republic of
Ireland IFRS 10211
I have no concerns and havè eome 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 lo be
reached.
This report is made solely lo 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 l rnighl slate to the
Charity's Trustees those matters l 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 assLJme responsibility lo anyone
other than the Charity and the Charity's Trustees as a body. for my work or for this report.
Signed..
Dated. 28 December 2021
S Robinson
BA FCA FCIE DChA MCMI
Kreston Reoves LLP
Chartered Accountants
Chatham Maritime
Pa9e 9

Huguenot Horitag& Centre
IA Company limited by guarantee reglstered number: 087162501
Statement of financial activities incorporating income and expenditure account
For the year ended 31 March 2021
Unrestrict8d Restricted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Note
Income from-
Donations and legacies
Other trading activities
Total Income
150,153
26,880
177 033
150,153
26.880
177 033
135,711
59.177
194,888
Expenditure on..
Raising funds
Charitable activities
Total expendilu
142
159,687
159,829
142
159,687
159,829
6.942
174.448
181.390
Net movement in funds
17,204
17,204
13.498
Reconciliation of funds..
Total funds brought forward
Total funds carried forward
93,959
111,163
252
252
94,211
111,415
80.713
94,211
All activities relate lo continuing operations.
The notes on pages 12 10 20 form part of these financial slatemenls.
Pagè 10

Hugu&not Heritage Centr&
IA company limited by guarantee - registgrgd number: 087162501
Balance sheet
As at 31 March 2021
2021
2020
Note
Fixed assets
Herilage assels
11,950
11,9SO
Curr&nt assets
Debtors
Cash al bank and in hand
10
3.320
31,557
74.040
105,597
110162
Creditors- amounts falling due within one year
10.697
23.336
Net current assets
99,465
82,261
Net assets
111,415
94,211
Charity funds
Restricted funds
Designated funds
un￿strICted funds
12
12
12
252
34,755
76,408
252
34,755
59,204
Total funds
111,415
94,211
The Charity was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Charity lo obtain an audit for the year In question In accordance with section
476 01 the Companies Act 2006
The Trustees acknowledge their responsibilrties for comp￿Ing with the requirements of the Act w(£h respect lo
ac¢ounting records and preparation of financial slatemenls.
The fi'nancial slalemenls have been prepared in accordance wrth the provisions applicable lo entities subject lo
the small companies regime.
The financial slalemenls were approved by the Trustees on 28 December 2021 and signed on their behalf. by.
L J Du Cane, Treasurer
The notes on pages 12 10 20 form part of these financial slalemenls.
Page 11

Huguenot Heritage Centre
IA company limited by guarant991
Notes to the financial statements
For thè yèar ended 31 March 2021
General information
Huguenot Heritage Centre is a company limited by guarantee wi(h the charity registration number
1158304 and the company registration number 08716250. The address ol the registered Offi￿ is
95 High Street, Rochester, Kent. ME1 1 LX. The main objectives of the Charty are..
to advance education of the public by establishing, developing and operating a Huguenot Heritage
Centre li.e. the Huguenot Museum) al 95 High Street. Rochester. Kent, ME1 1LX.'
lo advance education of the public by promoting interest In and knowledge of Huguenot heritage..
lo advance education of the public by holding. managing and conserving Huguenot and Huguenot-
related collections and archives and making SLJ¢h collections and archives publicly available for the
purpose of viewing and research and the publication of the results of that research.
Accounting pollcles
2.1 Basis of preparation of financial accounts
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities Slalement of Recommended Practi￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Repub11c ol Ireland IFRS 1021 leffeclive 1 January 20191 and the Cornpanies Act 200S.
Huguenot Heritage Centre meets the definf(ion of a public benefrt entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the
relevant accounting policy.
2.2 Company ststus
The Charity Is a company limited by guarantee In the event of the Charty being wound up, the liability
in respect of the guarantee is limited lo £10 per member of the Charity.
2.3 Going concern
The Tru51ees assess whether the use of going concern is appropriate, i.e. whether there are any
material uncertainties related lo events or conditions that may cast signif1cant doubt on the ability of the
Charity lo continue as a going concern The Trustees make this assessment in respect of a period of al
least one year from the dale of aulhorisation for Issue ol the financial slalemenls. and have concluded
that the Charity has adequate resources to continue in operational existence lor the foreseeable future,
and that there are no material uncertainties about the Charity's abilty lo continue as a going concern,
thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
The impact of the COVID-19 pandemic has been assessed by the Trustees, so far as is reasonably
possible, bul il is difficult lo evaluate with any certainty the potential outcomes on the Charity's future
activities. However, taking into consideration the Charity's level of reserves, the Trustees believe that
the Charity will be able to continue in operational existence for the foreseeable future.
Page 12

Huguenot Heritage Centre
IA company limitgd by guarante?)
Notes to the financial statements
For the year ended 31 March 2021
Accounting policios Icontinued}
2.4 Income
All income is recognised once the company has entitlement to the Income, and il is probable that
the income will be received, and the arnount of Income receivable can be measured reliably.
Grants a￿ included in the Slalemenl of financial activities on 8 receivable basis. The b81ance of
income received for specific purpose5, bul not expended during the period. is shown in the
relevant funds on the Balance Sheet. When Income Is received In advance of enlillement of
receipt, Ils recognition Is deferred, and il Is Included In creditors as deferred Income. Where
entitlement occurs before Income Is received. the income is accrued.
Income lax recoverable in relation lo donations recewed under Grft Aid or deeds of covenant IS
recognised al the lime of the donation.
2.5 Expenditure
Expenditure is recognised once there 15 a legal or constructive obligation lo transfer economic
benefit lo a third p8rty. and il is probable that a transfer of economic benefits will be required in
selllemenl. and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the aclwilies which further
the Charity's objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.6 Herltsge assets
Where heritage assets have been purchased, they a￿ initially recognised al cost. After
recognition, under the cost model, herrtage as5els are measured at cost less any accumulated
impairment losses.
Al each reporting dale the Charrty assesses whether there is any indication of impairment. 11
such Indication exists. the recoverable amount of the asset is determined lo be the higher of ils
fair value less costs lo sell and rts value in use. An Impaimient loss is recognised where the
carrying amount exceeds the recoverable amount.
2.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount
Offe￿d. Prepayments are valued al the amount prepaid net of any trade discounts due
2.8 Cash at bank and in hand
Cash al bank and in hand includes cash and short-term highly IIqu1d investments with a short
maturity of three months or less from the dale of aequisrtion or opening of the deposlt or similar
a￿o￿nI
Page 13

Huguenot Heritage Centre
IA company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2021
Accounting policigs Icontinuodl
2.9 Liabllltles and provlslons
Liabilrties are recogni5ed when there is an obligation al the Balance sheet d81e as a resutt of a
past event. and it is probable that a transfer of economic benefit will be required in settlement. and
the amount of the settlement can be eslimated reliably.
Liabilities are recognised al the amount that the Charty anlicipales it will pay to settle the debt or
the amount il has received as advance payments for the goods or servi￿$ it musl provide.
Prov1510ns are measured al the best estimate of the amounts ￿quired to settle the obligation.
Vvhere the effect of the time value of money 15 material, the provision is based on the present
value of those amounts. discounted al the pre-tax discount rale that reflects the risks specifie lo
the liability. The unwinding of the discount is recognised in the Slalemenl ol financial activities as
a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualfy as basic financial
instruments Basic financial instruments are initially recognised al transaction value and
subseouenlly measured at their settlement value.
2.11 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.
2.12 FLsnd accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees
in furtherance of the general objectives of the Charity and which have not been designated for
other purposes.
Restr1Cted funds are funds which are to be used in accordance with specrfic restrictions imposed
by donors or whi¢h have been raised by the Charity for particijlar purposes. The costs of raising
and administering such funds are charged against the specific fund. The aim and use of each
reslricled fund is sel out in the notes lo the financial slalemenls
Page 14

Huguenot Heritage Centre
IA company limited by guarantoel
Notes to the financial statefflents
For the year ended 31 March 2021
3. Income from donations and legacles
Unrestricted
funds
2021
Reslrictod
fund$
2021
Total
funds
2021
Total
funds
2020
Donations
Grants
8,601
141,552
8.601
141,S52
49.603
86.108
150,153
135,459
150 153
135.711
135.711
Total 2D20
252
4. Income from charitable a¢tivitiOS
Unrg$lricted
Fund$
2021
Total
funds
2021
Total
Funds
2020
Income from museum operations
Totsl 2020
26,880
59,177
59177
59.177
S. Costs of raising funds
Unrestricted
Funds
2021
Total
funds
2021
Total
Fund5
2020
Fundraising expenditure
Total 2020
142
6,942
142
6,942
6,942
6. Analysls of expenditure by actlvlties
Direct
Costs
2021
Support
Costs
2021
Total
funds
2021
Totsl
funds
2020
Chari(able activities
Total 2020
157.047
171,428
2.640
3.020
159687
174.448
174,448
Page 15

Huguenot Heritage Centre
IA company limitod by guarantèe)
Note5 to the financial statements
For the year ended 31 March 2021
6. Analysis of expenditurn by a¢livitlgs Icontlnuedl
Analysis of direct costs
Unrg$trictgd
Funds
2021
Total
Funds
2021
Total
Funds
2020
Wages and salaries
National insurance
Pension cos15
Other staff-relaled costs
Rent
Insurance
Other premises costs
Maintenance and development of exhibitions
Activities and resources
Website and IT
Office expenses
Publicity and promotion
Consultancy
59.195
1,845
2,994
539
22.000
4,757
9,644
26,775
2,061
8,988
2,863
4,134
11,252
59,195
1,845
2,994
539
22,000
4,757
76,355
4,012
3,266
3,728
22,000
4,739
25,417
9.756
3,960
2,613
6,346
9,236
26,775
2,061
8,988
2,863
4.134
11,252
157,047
171,428
157.047
171.428
171.428
Total 2020
Analysis of support costs
Unre$tri¢ted
funds
2021
Total
funds
2021
Total
funds
2020
Independent examiner's fee
Accountancy fees
1,176
1,464
1,176
1.464
1,200
1,820
2,640
3020
Total 2020
3,020
Page 16

Huguenot Heritage Centre
IA company limited by guarant981
Notes to the financial statefflents
For the year ended 31 March 2021
7. Staff costs
2021
2020
Wages and salaries
Social security costs
Other pension costs
59,195
1.845
2.994
76,355
4,012
3,266
The average number of persons employed by the company during the year was as follows".
2021
No.
2020
No.
No employee received remuneration amounting to more than £60,000 in either year.
The lolal remuneration and benefits re￿iVed by the key management personnel of the charity during the
2020-21 financial year amounts to £44.42412016." £42.5361.
8. Trustees, remuneration and expenses
During the year, no Trustees reeewed any remuneration or other beneff(s12020 - £Nill.
During the year ended 31 Ilarch 2021, no Trustee expenses have been Incurred {2020 - £Nill.
Herltage assets
Assets recognised at cost
Tanqueray
sauce boat
2021
Total
2020
Carrying value al 31 March 2021
11,9SO
11,950
10. Debtors
Total
2021
Total
2020
Other debtors
Prepayments and aecrued Income
2.897
423
28,080
3,477
Page 17

Huguenot Heritage Centre
IA company limitèd by guarant901
Notes to the financial statements
For the year ended 31 March 2020
11. Creditors.. Amounts falling due withln one year
Total
2021
Total
2020
Other creditors
Accruals and deferred income
2.073
8.624
13,835
9,500
10.697
23,335
12. Stslement of funds
Stsl&ment of funds - current year
8alan¢o
at1
April
2020
Income
Ex￿ndIture
Transfe
Balance
at31
March
2021
Unrestricted funds
Designated fund - Heritage assets
Designated fund - Staff
Designated fund - Mothballing
General funds
Total unrestricted funds
11,950
12,805
10,000
11,950
12,805
10,000
76.408
111 163
177 033
177 033
159 829
159,829
Restricted funds
Refugee projects
252
252
Total of funds
177,033
159,829
111,415
The purpose of the Refugee projects fund Is lo advance education of the public by promoting interest in, and
knowledge of, Huguenot refugees and their experi8n¢e of persecution. This purpose is in accordance with
the Museum's charitable objects.
P8ga 18

Huguenot Heritage Centre
IA company limited by guaranteel
Notes to the financial statements
For the year ended 31 March 2020
13. Statgmont of funds Icontinuedl
Statement of funds - prior year
Balance
at1
April
2019
Income
Expenditure
Transfers
Balance
at31
March
2020
Unrestricted funds
Designated fijnd Heritage assets
Designated fund - Staff
Designated fund - Mothballing
General funds
Total unre51ricled funds
11,950
12,805
10,000
11,950
12,805
10.000
59,204
93,959
80,713
80,713
194,636
194,636
181,390
181 390
Restricted funds
Refugee projects
252
252
Total of funds
194888
181 390
14. Analysis of net assets between funds
Analysis of net assets between funds - Current year
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Heritage assets
Current assets
Credrtors due within one year
11,950
109,910
110,6971
11.950
110,162
110,6971
252
Total
111 163
252
111415
Analysis of net assets batween funds . prior year
Unrestricted
funds
2020
Reslricled
funds
2020
Total
funds
2020
Heritage assets
Current assets
Creditors due within one year
11,950
105,345
123.3361
11,950
105,597
123.3361
252
Total
93,959
94,211
Page 19

Huguenot Heritage Centre
IA Company limited by guarantee)
Notes to tha financial statefflents
For the yèar ended 31 March 2021
15. Pen$ion commitments
The Ch8rily operates a defined wntribulions pension scheme The assets of the scheme are held separately
from those of the Charity in an independently administered fund The pension cost eharge represents
contributions payable by the Charity lo the fund and amounted lo £2,99412020 - £3,2661. Contributions
lolalling £56712020 - £Nill were payable to the fund al the Balance sheet date and are included in creditors.
16. Related party transactions
Al the Balance sheet dale. two of the Huguenot Museum's Trustees, namety P J Duval and L J Du Cane,
were also Trustee Directors of the French Hospitsl. One of the Huguenot Museum's Directors, namely Dr T V
Murdoch. was a Non-trustee Director of the French Hospital
Dunng the year the Charity received Income of £22.000 frorn The French Hospital in respect of fees due
under a contract for the conservation and management of ils collections. During the year the Charrty paid The
French Hospital rent of £22,000 for r($ 95 High Street premises. Al the Balance sheet dale there are no
amounts oweLI.
17. Continggnt Ilabillty
On 19 March 2014 the Charity was named as a grantee of the Heritage Lottery Fund's grant for the Huguenot
Heritage Centre project. Under the Heritage Lottery Fund's then Standard Terms of Grant there exists a
possibility of a financial obligation by the Charity to the National Lottery Heritage Fund I'NLHF") in
circumstances in which either the Charity chwses to relocate wilhoul NLHF permission, or in which il ceases
to operate.
A conseqijence of the Covid-19 pandemic has been that many smaller museums have faced a challenging
operating environment during the past 18 months. In particular. the Charity has been unable lo secure
sufficient grant and donor funding for ils current operations." this has necessitated a temporary ￿$1￿ctiOn in ils
aclivilies. and a temporary cessation ol public access lo rts collections. It Is considered that the Charity has
sufficient financial reserves lo cover the costs ol maintaining ils premises and colle¢lions during the period
needed by the Charity. assisted by Its Recovery Advisory Group, to formulale and implement plans for a
financially sustainable mode of operation The NLHF is aware of the Charity"5 current financial position. and is
supportive of the actions being taken by the Charity to achieve a finaneially sustainable mcNJe of operation.
11 Is impracticable lo quantify the extent of this possible financial obligation lo NLHF, and thus no liability
pertaining lo this matter is recognized in these financial statements.
Page 20