CROMWELL MUSEUM TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 REGISTERED CHARITY No 1166233
CROMV¥ELL MUSEUM TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Contents Pages Trustees. Report Independent E¥arniner's Report stat8rn9nl of FinancAal Actlvty incorporating the Income and Expenditure Account Balan Sheet 10 Not86 to thè finsnry?I ststernents 11-1S
CROMWELL MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their report with tt)e financial staternents ol the Charitsble InGoipoialed Organisation lor the year ended 31 March 2021. The financial statemènts have been prepared in accordanee with the accounting policies set out in the notes lo the financial statements and comply with the charity's trust deed, applieable law and the reouirements of the Statement of Rprnmmpndprt Pr8Cticp "Accountinu and Reporting by Charities. 2019 and the Companie5 Act 2006. Reference and Adminlstrauve D*tail$ Cambridgeshire Couiily Cuuiibil dvvvlvetj 115 goveThanGe anoj managernent responsiD111tles lor tne Cromwell Museum to the new Cromwell Museum Trust from 1 April 2016 The Charitable Incorporated Organisalion was registered with the Gharity Commission lor England and W8le5 on 29 March 2016 wf(h the registration number 1166233. Structurè. Governance and Managèmènt The operation of the Gh3ritable Incorporated Organisalion is govemed by its Foundation Document. As a charity r89isl8red with the Charity Commission for England and Wales HM Revenue Customs have recognised the charity lor tsx purposes. Since the charity only uses its funds lor charitable purposes no tax8ti¢n is then payable on the incorne or gains. The overall responsibility for the operations of the Charitable Incorporated Qrganisation and its finances is with the Directors. Trustee$ The Trustees who have served during the year are.. Jonath8n DjAnogly Peter John50n Carnilla Nichol Vvilliam Mcvey lain Strath Angela White-Hor8n Chafies Nixon Sarah Gifford Paul Lay Nicola Clarke The Trust is privilegad to h8ve as its Patron, The Right Honourable Sir John Major, KG, CH. Appointmcnt and Tralnlng of Tru¥tet¥ The power lo appoint and remove Trustees is vested with the Trustees. Ui)d¥i- tli¥ Iviiiib vf Ilie FDundallDn Document tnere snail not be less tnan three Trustees. Trustees 8re appointed on the recommendation of the Trustees or by due notice from 8 member. At each annual general meeiing One-third ol the Trustees retire by rotation. On appointment each Trustee receives copies ol the principal nstitUtiOnal and policy documents of the Company, with current and forward financial planning infomation. Trustees ar8 provided with regular updates of relevant information from the Charity Commission and other relevant 50urce$ CharFtsbl• objects The objects of the Ch8rity are to advance the education of the public in the life and legacy of Oliver Cromwell. Lord Protector, by the establishment and tnaintenance of the Crornwell Museum In such ways a5 the Trustees think fil and fulfil such other purposes which are exclusively charitable 8ccording to the law of England and Wales and a conne¢ted with the charitable work ol the Chanty. Oblectlves and Activitles The Cromwell Museum has the arnbits'on to be the kèy resource fnrthA p.njoyrnent and und@tstsnding of the lrfe and limes of the 17th century 501dier and statesman. Oliver Cromwell. Wg. have the finest tollgction in the world of it$ms relatin9 to this remarkablc, yet decply controversial indiwdual., we will safeguard and expand this collection. ensure that ils significance is recognised and use il as the In3piration for 8n innovative public programme. We will work to make the museum. and Hunlingdon, an iconi¢ destination which will attract visitors from around the world to appreciate Cromwell the man, his life and work through imaginatNe and immersive visitor experiences underpinned by the world ¢las5 collections and archives. We will make the Museum as sustainable as possible. In bfoad terms we aim over the next decade to create an intemationally rècognised centre to leam about the life. limes and legacy of Oliver Cromwell, in the heart ol Crornwell County.
GROMVVELL MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 On 1 March 2020 the Cromwell Museum reopened after a £170,000 refurbishment, the fir51 major overhaul of its perrnanent displays in over 30 years, to great acclaim. Within week5 we were then forced lo close again as the UK shut down under the impact ol the Covid-19 Pandemic. This created an imrnediate fi'nancial challenge for the Museum Trust after being closèd for sevèral rnnnth4 %q well as hugé disappointment that visitors wgrg unable to benefit from all the hard work that had gone into the new displays as the country went into lockdown. In many respects the remtsindcr of tho ycor proved equelly frustrating, with the Museum being only opeii foi LIT¥ equivalent of 4 rnonlhs over the year due to further lockdown5 restricting in-person visitor access lo our displays, and Covid-precaulioii& liiiiitiiiy Vibltor nuThbe15 anoj Ilve engagemenr a¢iiwiies. In oiners. It proved to be something ol a revelation, fostering Increased fundra.'sing, new ways of working and ac¢eleralino online activity ano lgItal engagement. 11 therefore turned out lo be a year that generated some very different successes, which be best illustrated by three different case studies. Surviving the Pendemie- Fundraising The Museum closed for refurbishment at the end of Septernber 2019, and although some a¢tivilies continued and a small tèrnporary display was maintained in Huntingdon Town Hall, income was considerably down compared to norm81. This had been accepted by the Trust, with the expe¢tation that there would be a surge in visitors when the Museum reopened in the Spring of 2020. Tne Museum reopenè¢ In March. but then had to close just over 2 weeks later when the first national lockdown look effect from 17 March. This created a huge challenge for the Trust in regarding incomp GpngrAlly. 8nd Cash ffow particularly. as the final payments for the refurbishment were being processed, and the usual sources of visitor ineorne dried up ttv>might To car•fully manago thè tsituation, regarding finHnce8 but also to the uncertain situation rnore generally, ¢iiid lu provide support in this stressful lime to the Trust's single member o15taff, an Exe¢Lrtive Committee of Trustees was created that could SpOnd quiikly tu rjlly bilualion and rnake key oecisions. This provea io De Inv8lu8ble for all conGerned and ensured that cash-flow never reached a crisis point, as well as overseeing fundraising and looking forward towards reopening the Museum safely once circumstances allowed. A 1Secision was taken earty on not to furlough the Curator, which would have been contractually diffscull given the payroll arrangements with Huntingdon Town Council, bul also would have removed the capaeity for applw'ng for grants and financial 8UPPOrt. This made us very responsive to the changing situation, and able to fundraise much more effectively. The funiys we raised, details of which Can be found about under our objectives. have not only allowed the Museum lo survive these unique and testing circumstances. but to look ahead with more confidence. Cromwell Onlinfj- Going Digital During Covid A5 for rnany peoplv, LJiyil¢il terhnology. Ihe abllty to ¢ornrnunicate oniifte Mas been a lifesaver during the pandernic. It has also let to a step change in our abilty to engage more widely with much larger and wider auoiences, somerhing we had planned lo do but had lo accelerate due lo the clrcurnstsns. Our initial Concern was to ulilize video conferencing internally. lo allow staff an(J Iiustees to meet during lockdown and manage that very difficult situation. It 81so enabled us to keep in communication with our volunteers, SUPPOrt them during lockdown and involve them in planning for reopening. The reopening strategies were so successful that W8 were asked to share them digitally by the Association of Independent Museurns with other museurns across the UK digitally. as an exemplar of how to manag6 the situation effectively. Once we had stabilised our situation intemally, our next priority wa5 to continue lo engage with our aUdIenS. Initially this was done through our existing social media channe15 Wlth additional content and posts through Facebook and Twitter. The purchase ot improved technology thanks lo the ini1181 Art Council grant enabled us lo start ¢rtsaling video conlenl for a new YouTube ch2nnp.l The.se includéd videog on asp•cts of Crornwell'È life, features on objects from the Museum'5 collections and interviews with noted hisl¢ri8ns recorded via Zoorn. By thg end of th& ygsr, we had ov4r 500 subscribers to our channol, which 18 tontinuing to 9row. W¢ elao be98n to u¥¢ Zoom for d¢livering lecture yiuyiumtnes, talks io groups, ano Schools sessions, with audiences in the UK and beyond- more detail about which can be found in the 2nalysis ol our strategic objeGtives.
ROMWELL MUSEUM TRUST
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 MARCH 2021
The Covid-19 panclemi¢ has been a catalyst for us in many way5, speeding up the greater use of digital
engagernent. which we continue to ernbrace as an effective tool to tell our stories.
Mrs Crornw811s Ctrokbook
One ol the objects in the Cromwell Museurn'5 collections which has 31ways caused a lot of interest 15 'The Court
slld Kitchen of Elizabcth, Commonly ¢olled Joen Cromwell,, a •rnell volume published in 16G4. It purports lo be
the recipe book ol Cromwell's wife Elizabeth and is prelaTrd with an extended essay on the alleged evils of the
Croinwellian Gvuil. vviilltsii d¥ a yi¥ue of p05t-RestoraUon antl-cromweiiian propaganda. The DOOK rascinates
people both as an historical document and commentary on the period, and as a window into middle class
recipes ot the 17th Trnlury.
The book was transcribed and published in the 1980$ by cambridgeshi libraries bul has long been out ol print.
We received many requests for a new edition, so a volunteer, Joe Chisw811, kindly undertook the work during
2019 01 a new transcription of the volume, to which wa5 added a glossary. A new introduction was
written by Stuart Orme, the Museum's Curator, and Images added of objects from the Museum's collections. and
re-enactors from the Sealed Knot In the original kitchen at Oliver Cromwell's House in Ely. An inrtial print run of
500 copies wa5 kindly part funtyed by a Goodliff Award from Huntingdonshire Local History Society.
Despite IOCKrJown we were able to make the book widely available thanks to the developrnent ol an online shop
lor the Museum, supported by the Culture Recovery Fund grant from the Arts Council and DC.M8 Thi& pn3hle.d
us lo launch the book for sale in January 2021,. to our Sslonishmenl it garnered a huge amount of interest,
induding artirlgq in Thg. Tirnps and Daily Tglggraph in tho UK. covgrsgfj on tho Smith$onian Muveum,"
onlin¢
magazine and various food blogs and cookery
broadcagtÈ. AB 3 reBull, wc 0rd out of thc initial print run within a month, and a seGond order of 500 Iitlb Il¥
RQMWELL MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 We have c¢nlinued lo provide acTrss to collections information throughout the pandemic, with the Curat¢r continuing to deal with an increasing amount ol collections enquirie5 over the year via e-mail. We have given access to many ol our treasures through digital means, with several videos on our YouTube channel focusing on 6onie of oui" niost iLOliIL vbJ¥Lt¥. We have also worked with Smartify Tour app plalform and website lo enable greater access lo the collection and rovide tours of the Museum. Over tt)e first 3 months of use in January- March 2021 we had 460 people from across the world using this to a¢$$ 2.535 objects in the collection. 224 people took advantage ol the tour far.ilty 2. T¢lling Cromwall's gtory to • worlfhylde atsdience To t811 the Markable story of the life ancl times of one of the semin81 figures of British history, Ihe soldier and statesman Oliver Cromwell. To do this in eng8ging ancl infomiative way, reaching as wide an aucli8nGe as possible, and *¢0raging people as a tssull to explo the wirjer region. Few Ople had the opportunity to see the refurbishèd Crornwell Museum after rt reopened on 1 March 2020, before being closed again as part ol the national lockdown a fortnight later. As such the Opening period during 2020 was the Iirst opportunity that mxny pg.ople. h3d lo see thtr n@w displays. Feedback has been universally positive lo the objects, conlenl, and display. These are just a few comments.. °The Iransfom7ahon Jf the museum s clisplays is an outstanding suws$ 8nd Marks e huge improvement.. the pre6¥17tatioii vf Ili¥ il¥rrib lè flut in 5Ensfj Uumtseu down, Dut If is presenied a very lively and aGGessible w8y that will make è visit lo the museum enjoyable for all age grotJPS.- Dr Oaw¢J Smiin, beiwyn bollege, University of G8mbridge Its impossible to prais8 too highly the achievement of Stuart ènd his team on the refurbishment. A n7aior onlribulion to public history. which brings a remath8ble period to life. Dc visit the Cromwell MusEum. Paul Lay, Edil¢r, 'History Today, This museum did not disappoint. The 818ff were lovely and inGredibly knowledgefjble 8bout Cromwell art¢Y the English Civil Wars. Ils 8 small museum and the space hès been used well to display all Ihe biilliant artefects. A unique museum ancl well worth 8 VlSIt. Lorraine M. Visfcor, TripAdvisor Review With the Covid-19 restrictions in pla throughout 2020-21 and with being only open for 4 months. we were only able lo stsge 1 lernporary exhibition in this financial year. to commemorste the Battle of Hijntingdnn in Aiigust 1645. This ran through the opening period July- O¢tober in the Museum. The use ol Zoom also 811owed us to provide online talks and lectures. Initially these questS came from loul groups, clubs and 60¢ietie- whieh wished to continue their u•ual pro9ramtne5 online during Iliv Pdiid¥[iii, with our curator delivering sessions to 13 different groups or organisations. These were not just in the locality but included a talk on Cromwell's contioversi81 campaign in Ireland for an Irish communty heritage organization wth attendees from across Eire. The use of this technology also enabled us to deliver our winter lecture progr8mrre3 online. with 4 speakers in different Parts of the UK, wfih over 700 attendees across them all from across Britain, Ireland, Europe. the USA and even Australia. This allowed us a rnuch greater reach and doubled the level of income from this prograrnrne, a rnodel we will continue. 3. A national & intsrnational vlsllor destination In the heart of Cromwell Country To m8ke the Museurn, its collections and &tDri&s as visible o- posoible. We w6nt to brtng 08 maJ7y Wsitort as PO$8ible lo Huntingrlon lo see us- notjust lo spread our message and increase our sustainability, but lo bengfft the town & surrounding area too. Thifj will help Geiiieiil i(fg<l uf Illib being 'Grcimwell Gounrry.. AlthDugtt we have been very 8Cle over tne last year, we have continued lo make inroads th attracting mole visitors to the area. Funding through the Culture Recovery Fund allowed us lo produce more professional rnarketing materials which were distributed more widely. We had a shift in where visitors came trom because of the pandemic." wth international travel restrictions our I019n tourists disappeared, and many local people stayed away, lirniting their visrts into the town purely lo their shopping. M051 visitors were theielore UK-wide tourists who were taking the opportunity lo have a 'staycation' over the sumrner. We have been laying the groundwork in th8 meantime with a view to a wide tourism partnership for the County. We now have rnuseums and heritage sites in towns ac',05s Cambridgeshire and beyond keen to work with us", the rnail rail comp2ny GovialThameslink are interested In supporting the pr¢iecl, and we are engaging with local authorities including Huntingdon Town Council, Hunlingdonshire District Council. Ely City Council. Pelerborough City Council and the Combined Authority for Cambridgeshire and Pelerborough.
CROMWELL MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 4. An immerslve study & learning environment for all ages & interests To create an gnvircnm8nf, both physiGal and virtual. that can be useGI forleaming for811 ages, pO$e$ and ebilities, 2nrJ for 8 V8riely of subjects- be it forac8demiG study or for enjoyment. Due lo the limtslions of lockdowns and Covid-safe protocols during reopening, we have had very limited opporrunity io engage with visitors. Special events have been rendered impossible during this period, as have guided tours, school visits and learning sessions in person. As such many ol our usual Performan Indicators arè not relevant to the 2020-21 financi81 year. Instead. much of our engagement has been online, and the figures reflect this accordingly Activi Visito15 to the Museum School Pu the Museurn School Pu the Museum online Numbers attendin Museum online lectures Number of online talks to rou Number attendin online talks to rou Number of ob'ects searched on Smarti Nurllber of virtual tours tsken on Smarti Nutnb@r of YouTube video views Flnancial Year 202U-di 2020-21 2020-21 2020-21 2020-21 2020-21 2020-21 2020-21 9020-21 KPIS 2.506 697 13 1,135 2.535 224 18.207 We have a150 begun trlallng tne use OT #igital school's sessions, contjucting them remolety from the museurv using Microsoft Teams whilst the class a still in their own classroom al school. This allowed sessions to continue under the restrictions form Covid, bul also has the potential for providing much greater reach going forward, removing many of th@ barriers for sehool vigits Itravol co8tÈ, hèslth and sofcty, prcTh¥Th¥urc on timetable81. his is not to say that we h8ve not been workTng on projects that ¢an be used for schools when they return. Our 'Pedlafs' Basket, of handling materials has been developed in association with colleagues at the Noiris Museum, funded by the GoodlrffAward Scheme of the Huntingdonshire Local History Society. and is designed to be useful for early learning groups to being to gain an understanding &nd enjoyment of our period of history using replica everyday artefacts. S. A sustainable museum for future generatlons For the museum to benefit from strong and diverse income streams through philanthropy, commercial activity and collaboration with fijndinu hndie.s The Museum 19 5UPPOrted through 8 netrvork of key Ètskeholder- and partnervi locally, regionally and nationally. As outlined in the castr study above, the ¢risis of the pandemic fOrd some very hasty fundraising activty by the Museum. whlch was very successful and h88 enabled us lo look to the future th stsrne confidence. The Town Council generously provided some initial financial support, and over £3.500 was raised from individual donations from the Museum's social rnedia followers. Over the remainder of the pandemic fund5 weie r315ed through grants and support funds, for which the Museum Trust is hugely grateful. We particularly wish to acknowledge the following funders and grants.. Arts Council England - £29,9S1 (Emergency Grant Fund) - Arts Council EnglandlDCMS- £47,759 (Cumure Recovery Fund) - Art Fund- £17,775 (Re- -pond and Rcirnogine Fund) Hunlingdon Freeman's Trust- £7.100 Huntlngaonsnire D151ria Louncii- L2Y.4JO (Leisure Support Grants) - WoKson Foundation- £35,000 (Covid Support Granll Now wg havo been ablè to tske stock, a tar9Ct for 2021-22 18 to engage a freelance fundraiser to work with the trust to develop a robust fundraising strategy and begin to deliver this lo be able to fund our ambltkjns lor development and expansion.
CROMWELL MUSEUM TrU6T REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2021 Financlal revlew Largely as the consequence of the COVID 19 pandemic. cash-flow continued to be the greatest difficulty situation that persisted furthèr Into 2021. Advantage was taken ol the Bounce-8ack Loan la¢ilily, though full repayment was m2d¥> within thg. fir.st 12 months of th& losn beino received. Con$gqugntly. costs warè closèly monitored and lighly controlled, though the18tsr availability ol grants en8bled more expenditure lo be incurred. General Fund Incorne for the year of £105,874 was subslanli8lly increased in lolal compared with the previous yeor 12020". £44.6491, through grani Income. visiior Qonations. snop sales In person and Increasingly online, have all been greater this year., online events have also resulted in incorne lor the first lime. The result for the year was a surplus of £26.563.Tolal income lor the year was £206.635. with expenditure of £112,217, resulting in a net surplus, induding designated and restricted funds. ol £94.418 Total rp%prvA %tnnd at f 811,se1 at th& year-end, of which £34.768 were designated funds, and £38,725 restricted funds. Generous Ioc81 financial support was received again from Hunlingdon Freemen's Trust and Huntingdon Town Council. as well as frorn Cambridgeshire & Huntingdon$hI Family History Society and Huntingdonshire District Coun¢il. The Association ol Indepen¢Jent Museums Gonlinued to provide Iinancial assistance and other support. In recognition of the difficultie5 iesulting from the COVID 19 pandemic and to enatsle new and specific activities, generous grants were gratefully received frow Arts Council England, The Wollson Foundation and Art Fund. Future plans The next financial year Psents LK)th challenges Ihaving to rebuild our visitor nurnbers against uncertainty over any furth&r rp%trir.tirtns or lorkdownsl and opportunities (funding allowing US to èmploy a second mcmb¢r of stsff and extend our marketingl. Accordingly we will locus on several a8$ over the next year.. Rebuilding our Audiences.. the pandemic hil visitor numbers hard, and upon reopening in May 2021 we have already been working to build up our wsitor nurnbers agoin. Thi- has included msintaining Covid-19 precautions so that people still feel safe and keeping within best practiTr and sectorlgovernment guidelines. We have increased our marketing spend, focusing particularly on local people to bring them back to see u5, as well as capitalizing on the new'staycalion, rnarket. This has included new town centre posters and le8flets, antj the use of a PR agency to help target somè of our messaging. Developlng our Leaming Off•r. funding from the Wolfson Foundats"on has enabled us to ernploy a new Learning and Community Officer, interviews for which We held at the end ol March 2021. The new appointee. Krislina Kapitza, started with us in May and is focusing on developing our f8rnily learning activities, eduealional visits, and links With communty groups, helping us to rebuild and develop these essenbal 8re8s of nijrwttrk Innovative Programming". we have been able lo develop some exciling temporary exhibitions, in¢luding an Art Trail around the town with rcplica of worka from the Mujeum's colleGtion¥ In uriu5ual E111 historically appropriate locations. Funded by the Art Fund. thi5 is designed lo make our colle¢lion5 more ecce?¥ible and raise our profile williiii Ilitt Ivwii. In¢reasing Fundraising.. on the back of the success of our grant application5 in 2020121, we wish lo evelop ana pr0ress1onaie our funaraising ettorts. Accordingly. we will engage a freelance lundralser lo work with us lo develop a iobust Fundraising Strategy lor the Trust and help deliver the first year of that Strategy. Developing Partnership8: we will continue to develop local and national partnerships that will aid with loans to the collection, help promote the musgurn and develop tourisrn for the giOn. This wll include stsrting work on getting Designsted Status lor our collection of Dlgltal Development: we will continue to harne5S the use of digitsl engagement that we have been using over the last year, with more online lectures and events, widening our social media leach lincluding a new Inslagram aecounll and further work on our online shop. FuLufE Expanslun.. We wlll contlnue to pian and worK iowards our longer-lerm goal ol an expanded Museum that gives us the space and facilities to most effectively disp18y our collections and tell our remarkable story. Rl$k Management The Trustees h2vp >trAmined the major strategic, busingss and oparational risks which th¢ Muaeum faces and Gonfirm that systems have been estsblished to identify the appropriate action to be taken to manage those risks. The impact ol the COVID 19 pandemic was outside the range of anticipated risk5 but the trustees have been encouraged by the positive response from our supporters, which has enabled the situation to be remedied. Reserv?5 Pollcy It is the intention ol the Trustees to create a SerVe of £40.000 to fund recurrènt oosts. But fundiaising al present is Concentrated on maintaining the continued existence of the museum and the Curator's post The eventijxl 1.4 lo develop sufficient additional rosources to ènablè signifiG3nt c)¢pan10 of both the prop¢rty and a¢bwlie5 01 the Museum. Free reserves al 31 March 2021 were £65.079.
CROMWELL MU8EVM TRU3T REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 Registered Office Huntingdon Library. Princes Street. Huntingdon. Cambridgeshire. PE29 3PA Bankc Lloyds Bank plc. Hunb'ngdon. Cambridgeshire Solicitors LGSS Law Ltd. Scott House. 5 George Street. Hunlingdon. Cambs. PE29 3AD Greenwoods Solicitors LLP. Monkstone House City RD2d Pptp.rhorouoh PE1 1JÉ StatÈmènt of Trusteas, r•$ponslbilitl•s The Trustees a responsible lor preparing the Trustees, Report an¢J the financial slalements in accordance with applicable law and Uniled Kingdom Ac¢ounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Charity law requires the Trustees lo prepare financial statements lor e8ch financial period, which give a true and lair view of the state of the affairs of the charitable Gornpany and of the incoming re50urce5 and applicaiion of resources. including the income 2nd èxpenditure, ol the charitsble Company for the period. In preparing these finanGial statements, Ili¥ Tiu¥lee5 ale requlreJ lo.. select 1tblO aocountin9 policies and apply them consibtviilly, observe the methods and principles in the Charities SORP., maK¥ juUu¥rtients an¢ estlmates tnai are reasonaDie an prudent., stste whether applicable UK Acmunting Standards have been followed, subject to any rnalerial departures ¢isc105ed and explained in the financial statements., prepare the financial statements on a ooing concern basis unles8 it i* inxppropriate to presume that thg ¢harity will conts.nue in operation. The Trustees are responsible for keeping proper aecounting records which disc105e with asOnable afLuracy, at any lime, tho financial position ol the Charitable Incorporated Organisation and enable thern to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charitable Incorporated Organisation and hence for taking reasonable steps for the prevention and detection ol fraud and other irguIarItie5. Approved by the Trustees and signed on their bahall by.. W M Mcvey n#te
GROMWELL MUSEUM TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the financial statements of the charity for the year ended 31 March 2021 whh are set out on pages 9 to 15. Responsibilities and basls of rèport As the eharitys trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe Acl'l- I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direcb'ons given by the Charity Commission under section 14515llbl of the Act. Indepgndent examiner's statement I have completed my examination. I confirm that no material matters have Come to my atlention in conneaion wlth Ihe examination giving me eause to believe that in any material respect.. 1. aGcouiiliiiy IELvids were not kept in respect of ihe charity as required by section 130 of the A¢t', or 2. the 8¢¢ounts do not aGGord wth those records, or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection wrfth the examination to which attentlon should be drawn In this report In order lo enable a proper understanding of the accounts to be reached. Chaler Allan LLP Beech House 4a Newrnarkel Road Cambrid CB5 8D Independent Examiner." Stuart Graliarri Beriitnan BFP, FCA, FGGA Date., 5 November 2021
GFIOMWELL MUSEUM TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Designated R8Strict8d Fund$ Funds Fund8 General Fund Total Funds 2021 Totsl Fynds 2020 Not Income from: DgnatK)ns and kgacres 86.362 35.000 65,761 187.123 212,683 Shop sales Events 13.081 8,431 13.081 6,431 6,510 26,249 Total Income 105,874 35,000 65.761 206.635 245.442 Expendrtur¢ on- Raiqing furid$ Fundraising costs Ch3ritable activity Jidv4ncarnoTr1 of Edu¢•ti¢n Olhertrading activities Shop purchases 4.533 10,688 15,221 3,969 6t,825 232 21,98G 91.043 5.953 5,9>J J.4UY Tvtsl expfndlture l¥,J11 232 32.674 11 Transfvr eeen Net inGomellExp8ndlturel and net movement In funds lor the year 26.563 34,768 33,087 94.418 184,259 Total funtls brou9htforward 711,505 5,638 717,143 532.884 Total funds carrled forward 738.068 34.768 38.725 811.561 717,143 All income and expenditure derK¥e from continuing aclniitÈs.
GROMVWELL MUSEUM TRUST BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 FIXED ASSETS Tangible fixed assets 672,989 692,688 CURRENT ASSETS 8IoGks Debtors asn ai tyanK and in hand 9.011 36.111 113,838 158,960 57,025 21,866 84,526 CREDITORS Creditors due wlhin one year 7.638 60.070 NET CURRENT ASSETS 151,322 24,456 TOTAL ASSETS LESS CURRÈNT LIA8IUTIES 824.311 717.143 CREDITORS CdItor3 due after one y¢#r 12,750 HET A3¥ET¥ 811,551 ,14 FUNDS OF THE CHARITY: UnrealriGled funds 10 738.068 711.5U5 De5t4n4ted funds 10 34.768 Restricted funds 38.725 5,638 TOTAL FUNDS 811.561 717.143 Approved by the 802rd of Truskès And <Un*. on Ihoir b@ha by.. 5MN&v, &31 W M Mcvey Date 10
CROMWELL Muaeum fRUeT NOTES TO THE FINANCIAL STATEMEPIYS roR TIIE YEAR Et4DED 31 h1ARCTrI 2QZI ACCOUNTING POLICIES 1.1 Ba818 of pmpardtion The finanoal slalernents h2ve en prep8red under the hi51orical cost conveNion. The ch8rity unstilutes a wblic enetil enlily as defined by FRS 102. The financial statements have been prepared in accordan¢e vrilh Accounting and Reporting by Charities." Slalement of Recomtnende(t Pracb¢e 8pplicable to tharilie$ aGGoroance Ine Finanuai Tr<eponing bianoaiu applicable in the UK and Republic o rep3ring their accounts in Iland i$5ued in October 2019. the Finanual Reporting Stsndard applicable In the United Kingdom and Republic of Ireland IFRS 1021, the CaritieÈ AGt 2011. th¢ colnpailts 12000, diiij UK Generaiiy Accepiea A¢counung PrarIl. DeStIon of Fund Ty Unresiricied Funds may L used for any purpose perrnitted by the Charitsble Deed. Resln¢led Funds gre funds under the control of lfve TSlee$. the assets and nel In¢ome of which rnay be used only furceTtaln purposes. 1.2 Golttg concern ba818 The Trusteès considerthal the goiry concem basis 15 appropri8tÈ a5 they consider the reserves kpvels and expected inveslrnenl income to be al 5ufficSeni levels lo ensure thai the Try51ees can meet their financial obligaijons for the neyt 12 10 18 tnonlhs and on that ba515 the Charity is a going concem. The Trutèws hav9 considered th¢ polcnlial impBGt un the charity tsf the curr¢nl global y4iiQ¢151ii knovffl 85 COVID.19. In the opinlon of the Tru8lees there will be no material adverse effect on the chanty'$ abilty lo continue as a going COnGerTr. l.¥ Flnanclal ReporJn9 8tatidard 102- RBducBd 01$¢105ur8 Exempiion5 The Trustee& haye lok¥ii dUvdlTl4ye of the following aisao$ure exemoion In preparing these finanual slalemen15. a5 permitted by FRS 102.. Ilit 1¥4uii¥iii¥iII vf Setsion 7 stsiemeni orGa$h PIOW5. 1.4 InGtNno Inwme is included In Ihe Statement of Financial Activltles ISOFAI when the charity is legally entitled to the income 8ftÈr any perfofmanTr conditions have bpen mel, Ihe amount can be measured reliably and it 15 probabEe that the Income wll be reived. Donalions and grants a Irested as inGorne when any cOndonS Smpo$ed by the donor ¢onceming the transfer of fund5 have teen mei. Inme frvrn actiwlles to generate Thd$ i% treated as InMe in th8 period the event took olace. Gift AEd 1$ tOon15ed the cofflpany Is errtitled to ft. 1.5 Expendlture All expendilute is accounted foron an accrua15 basis and has been dasslfied under headlngs that aggregste all CDsls related to the rntegory. Expènditure is recogni5ed where there 15 3 kgal or con5truclive obligation to m8ke payrnenls lo third parfie5. il is prtsbab that the SÉttlemenl will bt required and the amount of the obllgaiion Gan be measured re1k1Y. Grants payable are treated as resources expended when the is an obligaiion to transferfunds. Costs in relation lo the admintrOllo of the ¢harity a allorAted lo govern8n¢e costs. 1.6 Tanglblè frAed assets HÈrilAgP a<Rp.Ig repreg@nl the colkTrction h•ld by the Trutl fDr lfvcir ocntrfbulion lo knovltdge and cullurt. The assets were valued by an independent expert in 2016 based on Insuran value. No depreciation i* charggd on the hgrila9• 88 their QGonornio lifc and hi9h r¢oidual ¥¢lue mean Ihal oily would not be material. Heritage assets are reviewed al the ye3r end for evidence of Impaitrnenl nd adiugtèd ordinglY within Ihc Bl&leTnenl of finanGial Activities. The Museum redevelopment costs wlll bÈ depreaated over 10 years and the redevelopment wa$ completsd on 1 March 2020. 1.7 Stocks Stocks arn v8luod at the Itr Df st and nei reaiisable value. after maknn9 due allowan¢e fDr obsolete and slow Mon9 items.
CROMWELL MUSEUM TRUST NOTES TQ TKE FINANflAL STATEMENTS FOR THE YEAR ENDEO 34 MARCH 2021 ACCOUNTING POLICIES Icontlnuedl 1.B Taxatlon The charily is an exempl charity within the meaning of Schedule 3 of the Charities Act 2011 and is c0Tr5ider8d to pa$s the le5ts Sel out in Paraoraph 1 Sehedule 6 Finance Act 2010 and therefore il t15 Ihp _finitIAn of a charitable company for UK corporallon tsx purposes. EXPENDITURE ON CHARITABLE ACTNITY Al1vanment of Education UnrÈgtrfttArl n051gnatsd Funds Fund$ Gonètal Fund R•5trfct•d Funds Totsi 2021 Totsl 2020 OlrRCt costs Rates Light and heat Property costs Markeiing Salaries Inole 31 Staff and volunteers Offirg. c.n4lq Collection Ca and management rducalon cos10 Commission payable Website Professlonal fees Depreciation Tax lIef daim Support Gosts Govemance Independent exatnination 257 12.795 5,427 40D 46 nfio 9,584 4.082 9,584 4,082 24,186 183 $47 21.988 46.172 415 547 7,861 232 1,82a 9,985 7,861 442 442 546 810 1,642 P7,9591 1,041 19,699 1.041 19,699 1,200 1,200 1,320 Total 68,825 232 21.986 91.043 STAFF COSTS 2021 2020 Wagps and salarfes Empioyers Nation81 Insurance Pension5 35.021 3.621 7.530 31.371 3.153 11,536 46.172 46.060 2021 The aveoge number of siaffduring the year was.. 2020 The employee i% employed by Huntingdon Town Council. Cromwell Museum Trust paid 50% of the 58lary ¢osts fvi Ili¥ p¥Tiud l Aprfl 2020 to 31 Martn kukl ano loo% of the gross bonuse$ totalkd £2,000. The Intstee$ received no Muneration orexpen8es during the year.
CROMWELL MUSELIM TRUST NOTES TO THE FINAT4CIAL ¥IATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FIXED ASSETS Herftsge assets Museum developm8nt 2021 Total Cost orvaluatlon: At 1 Aplll 2020 Addltions 497.346 196,984 694,930 Al 31 March 2020 497,346 196.984 694.330 Depreclation.. Al 1 April 2020 Charg6 forthe year 1,642 19,699 1,642 19,699 Al 91 March 2021 21.341 21.341 Not book valvo At 31 March 2021 175,e 072,90 At 31 Maroh 2020 49T.346 by2. H¢rrtO9¢ assel> iyyivbviil the w1Cli0 Theio Dy Ine Tru51 ior Ineir ¢onlribulion lo knowledge and ¢ullure. The assets were valued by an Independent eXrt in 2016 based on lalesl insurance values. Tli¥i¥ Fid& no dE5posais or impaitmeni 01 nefrt8ge assets sinc£ they were af4uired in 2018119. DEBTORS 2021 2020 Tax recoverable Tax rellef daitn Other debtors 5.730 27.959 2.422 13.917 27.959 57.02S CREDITORS.. Due within one year 2021 2020 Creditors and a¢¢rua15 Bank loan 5.388 2.250 80.070 7,638 60,070 CREDITORS= Du& aftèr nnA yosr 2021 2020 B8nk loan 12.750 12,750 13
ROMWELL MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2021 ANALYSIS OF DESIGNATED FUNDS Fund ld Fund InGom• Exp•ndltvr8 Tranaf•r Leaming Officer 35,000 232 34,768 35.000 232 34,768 Learning Officer- Money received from Wolfson Foundaiion thai ha5 been de51gnated by the trustees for use in funding the ¢x)$ts of the Learning Officerforthe inrtial 12 month period of employment. ANALYSIS OF RESTRICTED FUNDS Fund Fund ¢llwd Incom Expendlture Transfer Collectlons 2.890 2,890 Website devdopmeni 2,748 2,748 Salary 21.986 21.986 Centre Art Project 17.775 17,775 online Shop 15.000 5,240 9.760 Marketing 8,000 2,700 5,300 Costs of repenIng 3,000 3.ODQ 5.638 65,761 32.674 38.725 Co1CtIonS Fund- Maintsining Ihe museum's colledion. WebsMe development Fund- A generous prfvale donation to be able to cornmission a new websrte. Salary Fund- Generous financial conlfiiwuon being madè by Huntingdon Town Councll (Krci towards the G051 gf employing the Curatorof the Cromwell Museum. Town Centre Art Projeth Fund- Grant reWe0 to enable replica woffts of art and artefacts lo be displayed in premise5 around the tovm. Onlin• Shop Fund- Grant r9¢9ivgd lo enabl• tho ry08lion and dewlopmènl of an onlints £hDp for the mu6cum. Markellng Fund Flnanrxal a&Eislan¢e r¢c¢wcd to cnublc Inorcascd morkcling acti¥ryly Ic publlcia¢ Ihe museum's activitles. Costs of repenIng Fund- Financial asstslance towards the COVIO-fel8ted additional costs of re-opening the mutstum. 14
CROMWELL MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Funds G¢n¢ral Fund De81gnated Funds Restrlcted Fund$ Total Funds 2021 Tangible fixed assets 672.989 6S,07 672,989 138,572 34.768 38,726 Total nel assets 738.068 34.768 38.725 811,561 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UThre$triLttrd una8 RÈ$trictsd Funos Totsl Funa5 2019 Incomo from.. Donations and legacies athertradino actitrilies Shop sa$ Events 11.890 200.793 212.683 6,510 26.249 6,510 26,249 44.649 200.793 245.442 Expendtture on.. Raising fijnds Fundr8i8ing costs Ch8ri1able 8ctivty Advancernent of EduGytion O¥)er trading acti11$ 3.9 3.969 20.406 33.3gA 53.804 Total Exp&ndltV* 27.785 33.39B 61.183 Tran4fgr tr•9n lund4 187.995 1167.395) Net IncomollExpondiiuro1 and not movgmgnt In fund5 fortho year 184,259 184.259