| Page | ||
|---|---|---|
| Reference and administrative details ofthe charity, its trustees |
and advisors | |
| Trustees' report |
2-7 | |
| Independent examiners' report to the trustees |
||
| Statement offinancial activities |
||
| Balance sheet | 10 | |
| Notes to the financial statements | 11-23 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 8 | 5 | ||||
| INCOME FROM: | ||||||
| Donations and legacies |
28,791 | 46,511 | 75,302 | 222,591 | ||
| Charitable activities |
25,307 | 25,307 | 274 | |||
| Investments | 79,581 | 79,581 | 36,098 | |||
| Other income | 284,778 | 284,778 | 13,934 | |||
| TOTAL INCOME | 418,457 | 46,511 | 464,968 | 272,897 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 3,612 | 4,375 | 7,987 | 1,940 | ||
| Charitable activities |
7 | 243,919 | 130,473 | 374,392 | 273,897 | |
| TOTAL EXPENDITURE | 247,531 | 134,848 | 382,379 | 275,837 | ||
| Net Gains/(losses) | on investments | (152) | (152) | (3,183) | ||
| NET INCOME/(EXPENDITURE) | 170,774 | 88,337 | 82,437 | 6,123) | ||
| NET MOVEMENT | IN FUNDS | 170,774 | (88,337) | 82,437 | 6,123) | |
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 726,609 | 1,079,407 | 1,806,016 | 1,812,139 | |
| TOTAL FUNDS CARRIED FORWARD | 897,383 | 991,070 | 1,888,453 | 1,806,016 |
| INCOME FROM | DONATIONS AND |
DONATIONS AND |
LEGACIES | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| 6 | E | E | E | |||
| Donations | 527 | 527 | 3,420 | |||
| Grants | 28,264 | 46,511 | 74,775 | 219,171 | ||
| 28,791 | 46,511 | 75,302 | 222,591 | |||
| Total 2020 | 55,351 | 167,240 | 222 591 | |||
| During the year grants were received | from the following: | |||||
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | ||||
| 2021 | 2021 | 2021 | ||||
| F. | K | |||||
| National Heritage fund |
Lottery fund - Culture Recovery | 7,464 | 7,464 | |||
| Historic England | - | Heritage at risk | 6,250 | 6,250 | ||
| National Heritage fund 2 |
Lottery fund - Culture Recovery | 25,300 | 25,300 | |||
| Ashley Foundation | 7,497 | 7,497 | ||||
| Herefordshire County Council |
16,000 | 16,000 | ||||
| HMRC Employment | Allowance | 4,000 | 4,000 | |||
| HMRC Furlough | scheme | 8,264 | 8,264 | |||
| 28,264 | 46,511 | 74,775 |
| 4 | INCOME | FROM CH | ARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| Funds | Funds | Funds | |||||
| 2021 | 2021 | 2020 | |||||
| Concerts, | exhibition, | course and education | 25,307 | 25,307 | 274 | ||
| 25,307 | 25,307 | 274 | |||||
| TOTAL 2020 | 274 | 274 | |||||
| 5 | INVESTMENT INCOME | ||||||
| Unrestricted | Total | Total | |||||
| Funds | Funds | Funds | |||||
| 2021 | 2021 | 2020 | |||||
| 6 | 6 | 6 | |||||
| Rental income | 78,321 | 78,321 | 34,717 | ||||
| Bank interest | 1,260 | 1,260 | 1,381 | ||||
| 79,581 | 79,581 | 36,098 | |||||
| TOTAL 2020 | 36,098 | 36,098 | |||||
| 6 | OTHER INCOME | ||||||
| Unrestricted | Total | Total | |||||
| Funds | Funds | Funds | |||||
| 2021 | 2021 | 2020 | |||||
| 6 | 6 | ||||||
| Copyright | income | 19,532 | 19,532 | 11,653 | |||
| Otherincorne | 265,246 | 265,246 | 2,281 | ||||
| 284,778 | 284,778 | 13,934 | |||||
| TOTAL 2020 | 13,934 | 13,934 | |||||
| 7 | ANALYSIS OF EXPENDITURE BYACTIVITIES | ||||||
| Activities | |||||||
| Undertaken | Support | Total | Total | ||||
| Directly | Costs | Funds | Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| F. | 6 | E | |||||
| Charitable | activities | 330,551 | 43,841 | 374,392 | 273,897 | ||
| 330,551 | 43,841 | 374,392 | 273,897 | ||||
| TOTAL 2020 | 232,262 | 41,635 | 273,897 |
| Analysis of | direct costs | ||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| 2021 | 2020 | ||
| E | |||
| Staffcosts Depreciation Archivist Rates Webhost and software Professional fees |
127,542 13,453 8,409 5,271 9,472 54,600 |
120,151 8,586 12,739 8,420 2,605 36,105 |
|
| Framing | 5,551 | 826 | |
| Printing and printmaking |
18' | 246 | |
| Exhibitions | 7,539 | 490 | |
| Events costs | 4,560 | 21 | |
| Insurance Repairs and |
renewals | 10,863 3,304 |
9,475 2,266 |
| Maintenance | 56,186 | 17,804 | |
| Equipment and matedals Sale of prints |
5,952 963 |
6,749 | |
| Recruitment | 665 | ||
| Consultancy Purchases |
15,905 455 |
4,614 | |
| Conservation | 488 | 500 | |
| 330,551 | 232,262 |
| Analysis of | sup | port co | sts | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||
| Funds | Funds | |||||||||
| 2021 | 2020 | |||||||||
| 6 | 8 | |||||||||
| Support costs | ||||||||||
| Electric and | utilities | 13,454 | 11,034 | |||||||
| Postage and | stationery | 1,126 | 1,128 | |||||||
| Independent | examiners | and accountancy | fees | 2,940 | 2,275 | |||||
| Telephone | 5,597 | 4,175 | ||||||||
| Bank charges | 322 | 25 | ||||||||
| Health and safety | 4,967 | 962 | ||||||||
| Travel and subsistence | 1,009 | 2,778 | ||||||||
| Marketing | 3,955 | 2,377 | ||||||||
| Subscriptions | 2,144 | 2,299 | ||||||||
| Sundry expenses | 1,699 | 1,422 | ||||||||
| Trustees expenses | 2,646 | 2,838 | ||||||||
| Other staff costs | 3,982 | 2,205 | ||||||||
| (Profit)/Loss | on disposal | 1,373 | ||||||||
| Education | 6,744 | |||||||||
| 43,841 | 41,635 | |||||||||
| 8 | INDEPENDENT | EXAMINER'S REMUNERATION | ||||||||
| 2021 | 2020 | |||||||||
| k | ||||||||||
| Fees payable to | the Trust's independent | examiner | in respect of: | |||||||
| Independent | Examination | 1,500 | 1,440 | |||||||
| 9 | STAFF COSTS | |||||||||
| 2021 | 2020 | |||||||||
| R | 8 | |||||||||
| Wages and salaries | 115,092 | 107,991 | ||||||||
| Social Security costs | 10,244 | 9,272 | ||||||||
| Contribution | to defined contribution | pension schemes | 2,206 | 2,888 | ||||||
| 127,542 | 120,151 | |||||||||
| The average | number of | persons employed | by the | Trust during the year was as follows: | ||||||
| 2021 | 2020 | |||||||||
| No | No | |||||||||
| Employees | 5 | 5 |
| COMPARATIVE STATEMENT OF FINANC |
IAL ACTIVITY FIGU | RES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2020 | 2020 | 2020 | 2019 | |
| 8 | 8 | 8 | ||
| INCOME FROM: | ||||
| Donations and legacies Charitable activities Investments Other income |
55,351 274 36,098 13,934 |
167,240 | 222,591 274 36,098 13,934 |
37,505 13,744 2,952 47,185 |
| TOTAL INCOME | 105,657 | 167,240 | 272,897 | 101,386 |
| EXPENDITURE ON: | ||||
| Raising funds | 1,940 | 1,940 | ||
| Charitable activities |
134,014 | 139,883 | 273,897 | 229,358 |
| TOTAL EXPENDITURE | 135954 | 139,883 | 275 837 | 229,358 |
| Net Gains/(losses) on investments |
(3,183) | (3,183) | 6,497 | |
| NET INCOME/(EXPENDITURE) | 33,480) | 27,357 | (6,123 | (121,475 |
| Transfers between funds |
(1,000) | 1,000 | ||
| NET MOVEMENT IN FUNDS |
34,480) | 28,357 | 6,123) | 121,475) |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
761,089 | 1,051,050 | 1,812,139 | 1,933,614 |
| TOTAL FUNDS CARRIED FORWARD | 726,609 | 1,079,407 | 1,806,016 | 1,812,139 |
| Freehold | Plant and | Fixtures | ||||||
|---|---|---|---|---|---|---|---|---|
| property 8 |
machinery 8 |
and fittings E |
Paintings | Totalf | ||||
| COST OR VALUATION | ||||||||
| At 1 January2021 | 550,000 | 332,630 | 1,138 | 883,769 | ||||
| Additions | 1,972 | 1,972 | ||||||
| Disposals | (74,625) | (74,625) | ||||||
| At 31 December | 2021 | 475,375 | 334,602 | 1,138 | 1 | 811,116 | ||
| DEPRECIATION | ||||||||
| At 1 January 2021 | 188,000 | 59,809 | 342 | 248,151 | ||||
| Charge for the year | 7,278 | 6,061 | 114 | 13,453 | ||||
| Disposals | (7,462) | (7,462) | ||||||
| At 31 December | 2021 | 187,816 | 65,870 | 456 | 254,142 | |||
| NET BOOK VALUE | ||||||||
| At 31 December | 2021 | 287,559 | 268,732 | 682 | 1 | 556,974 | ||
| At 31 December | 2020 | 362,000 | 272,821 | 796 | 1 | 635618 | ||
| HERITAGE ASSETS | ||||||||
| Assets recognised | at valuation |
| Rodd Court | |||||||
|---|---|---|---|---|---|---|---|
| &Orchard | |||||||
| Cottage | Total | ||||||
| 2021 | 2021 | ||||||
| 8 | 8 | ||||||
| Carrying | value | at | 1 | January | 2021 | 975,000 | 975,000 |
| 975,000 | 975,000 |
| Unlisted | ||||||||
|---|---|---|---|---|---|---|---|---|
| Investments | ||||||||
| 6 | ||||||||
| COST OR VALUATION | ||||||||
| At 1 January 2021 | 56,307 | |||||||
| Revaluations | (152) | |||||||
| At 31 December 2021 | 56,155 | |||||||
| NET BOOK VALUE | ||||||||
| At 31 December 2021 | 56,155 | |||||||
| At 31 December 2020 | 66367 | |||||||
| All the fixed asset investments | are unlisted | investments | and are held | in the UK. | ||||
| 14 | DEBTORS | |||||||
| 2021 | 2020 | |||||||
| 6 | E | |||||||
| DUE WITH ONE YEAR | ||||||||
| Prepayments and accrued income |
12,710 | 5,616 | ||||||
| 12,710 | 5,616 | |||||||
| 15 | CREDITORS: AMOUNTS FALLING DUE | WITH ONE | YEAR | |||||
| 2021 | 2020 | |||||||
| 6 | 8 | |||||||
| Trade Creditors | 4,496 | |||||||
| Other taxation and social security | 2,692 | 1,781 | ||||||
| Pension fund loan payable |
1,750 | 279 | ||||||
| Other creditors | 3,000 | |||||||
| Accruals and deferred | income | 18,287 | 15,683 | |||||
| 27,225 | 20,743 |
| MOVEMENT | IN FUND | S - CURRENT | YEAR | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1 January | Incoming | Outgoing | Transfers | Gains/ | 31 December | ||
| 2021 | resources | resources | in/Out | (Losses) | 2021 | ||
| 6 | 6 | 6 | 6 | 6 | 6 | ||
| Restricted funds | |||||||
| Sculpture programme |
12,392 | (5,012) | 7,380 | ||||
| Rodd Court 6 | Orchard | ||||||
| Cottage | 975,000 | 975,000 | |||||
| Hidden Gems | 3,201 | 3,201 | |||||
| NHLF Cultural Recovery fund |
2 | 25,300 | (25,300) | ||||
| Elephant Trust |
2,000 | (2,000) | |||||
| Ashley Foundation- Cultivate |
7,497 | (3,607) | 3,890 | ||||
| NHLF Cultural Recovery fund |
65,064 | 7,464 | (72,528) | ||||
| Historic England Heritage at Risk |
18,750 | 6,250 | (24,401) | 599 | |||
| My place | 2,000 | (2,000) | |||||
| Learning programme |
1,000 | 1,000 | |||||
| 1,079,407 | 46,511 | 134,848 | 991,070 | ||||
| Unrestricted | funds | ||||||
| General funds | 726,609 | 418,457 | (247,531) | (152) | 897,383 | ||
| 726,609 | 418,457 | 247,531 | (152) | 897,383 | |||
| Totalfunds | 1,806,016 | 464,968 | 382,379 | (152 | 1,888,453 |
| MOVEMENT IN FUNDS |
- PRIOR YEAR | - PRIOR YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1January | Incoming | Outgoing | Transfers | Gains/ | 31 December | |
| 2020 | resources | resources | in/Out | (Losses) | 2020 | |
| E | E | 6 | E | 6 | ||
| Restricted funds | ||||||
| Sculpture programme AHF/NLHF |
12,392 59,713 |
(59,713) | 12,392 | |||
| Rodd Court 8 Orchard | ||||||
| Cottage | 975,000 | 975,000 | ||||
| Hidden Gems NHLF - Heritage |
3,945 | 6,000 | (6,744) | 3,201 | ||
| Emergency Fund |
50,000 | (50,000) | ||||
| Elephant Trust Art Council- |
2,000 | 2,000 | ||||
| Emergency fund |
20,000 | (20,000) | ||||
| NHLF Cultural | ||||||
| Recoveryfund | 68,490 | (3,426) | 65,064 | |||
| Historic England | ||||||
| Heritage at Risk | 18,750 | 18,750 | ||||
| My place | 2,000 | 2,000 | ||||
| Learning programme |
1,000 | 1,000 | ||||
| 1,051,050 | 167,240 | (139,883 | 1,000 | 1,079,407 | ||
| Unrestricted funds |
||||||
| General funds | 761,089 | 105,657 | (135,954) | (1,000) | (3,183) | 726,609 |
| 761,089 | 105,657 | (135,954) | (1,000) | (3,183) | 726,609 | |
| Totalfunds | 1,812,139 | 272,897 | 275,837 | 3 183 | 1,806,016 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | funds | Funds | |
| 2021 | 2021 | 2021 | |
| E | E | Z | |
| Tangible fixed assets | 624,455 | 11,163 | 635,618 |
| Fixed asset investments | 56,307 | 56,307 | |
| Heritage assets | 975,000 | 975,000 | |
| Current assets | 66,590 | 93,244 | 159,834 |
| Creditors due with one year | (20,743) | (20,743) | |
| TOTAL | 726,609 | 1,079,407 | 1,806,016 |
| ANALYSIS OF NET ASSETSBETWEEN FUNDS - PRIOR YEAR | |||
| Unrestricted | Restricted | Total | |
| Funds | funds | Funds | |
| 2020 | 2020 | 2020 | |
| E | E | 6 | |
| Tangible fixed assets | 624,455 | 11,163 | 635,618 |
| Fixed asset investments | 56,307 | 56,307 | |
| Heritage assets | 975,000 | 975,000 | |
| Current assets | 66,590 | 93,244 | 159,834 |
| Creditors due with one year | (20,743) | (20,743) | |
| TOTAL | 726,609 | 1,079,407 | 1,806,016 |