| CONTENTS | Pages | ||
|---|---|---|---|
| Charity information | |||
| Trustees Annual Report |
2-3 | ||
| Independent Examiner's |
Report on the unaudited | accounts | |
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Statement ofcash flows |
|||
| Notes to the Financial Statements | 8-13 |
| Charity number | Charity number | 1166357 | ||
|---|---|---|---|---|
| Trustees | A Bone (Chairman) | |||
| A Barnetson (Treasurer |
) | |||
| S Fox (Aldeburgh | Town | Council representative) | ||
| SDas | ||||
| J Ransome | ||||
| T Brown | ||||
| Independent | Examiner | Mr James David Haddow | FCCA | |
| GMS FC Limited | ||||
| 1 London Road | ||||
| Ipswich | ||||
| IP1 2HA | ||||
| Principal Bankers | Unity Trust Bank | |||
| Brindley Place | ||||
| Birmingham | ||||
| B1 2HB |
| Note | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2021 | 2020 | |||||
| INCOMING RESOURCES FROM: | ||||||
| Donations, grants and legacies |
2 | 22,944.52 | 38332.32 | 61,276.84 | 79,707.71 | |
| Other trading activities (shop sales) |
6,235.64 | 6,235.64 | 2,443.83 | |||
| Charitable activities (admission |
charges) | 15,902.00 | 15,902.00 | 8,094.00 | ||
| Investment Income from deposits |
11.33 | 11.33 | 19.59 | |||
| Secondment fees | 1,274.25 | 1,274.25 | ||||
| Other Income | 288.80 | 288.80 | 201.71 | |||
| TOTAL INCOMING RESOURCES | 46,656.54 | 38,332.32 | 84,988.86 | 90,466.84 | ||
| RESOURCES EXPENDED | ||||||
| Fund raising and other trading | ||||||
| activities | 3 | 3,268.46 | 3,268.46 | 1,281.67 | ||
| Charitable Activities |
4 | 21,794.76 | 31,989.20 | 53,783.96 | 90,134.12 | |
| Governance Costs |
5 | 1,569.02 | 1,569.02 | 1,563.15 | ||
| 21,794.76 | 33,558.22 | 55,352.98 | 91,697.27 | |||
| TOTAL RESOURCES EXPENDED | 25,063.22 | 33,558.22 | 58,621.44 | 92,978.94 | ||
| NET INCOMING/(OUTGOING) | ||||||
| RESOURCES FOR THE YEAR | 6 | 21,593.32 | 4,774.10 | 26,367.42 | (2,512.10) | |
| Transfers | 9,499.40 | (9,499.40) | ||||
| Total funds brought forward | 11,764.47 | 4,725.30 | 16,489.77 | 19,001.87 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 42,857.19 | 42,857.19 | 16,489.77 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Table | |||||||
| Cash flows from operating | activities: | ||||||
| Net cash provided by (used in) operating |
activities | 1 | 18,802.68 | 7,383.03 | |||
| Cash flows from financing | activities: | ||||||
| Short term loan advance | |||||||
| Short term loan repayment | |||||||
| Net cash provided by (used in) financing |
activities | ||||||
| Change in cash equivalents |
in the reporting | period | 18,802.68 | 7,383.03 | |||
| Cash and cash equivalents | at 1January 2021 | 24,783.53 | 17,400.50 | ||||
| Cash and cash equivalents | at 31 December | 2021 | 43,586.21 | 24,783.53 | |||
| TABLE 1 | |||||||
| Reconciliation of net income/(expenditure) |
to net | ||||||
| cash flow from operating activities |
|||||||
| Net income/(expenditure) for |
reporting | period | as per | ||||
| statement offinancial activity |
(page 5) | 26,367.42 | (2,512.10) | ||||
| Adjustments: | |||||||
| (Increase)/Decrease in stock |
1,057.06 | 785.43 | |||||
| (Increase)/Decrease in debtors |
(2,342.15) | (206.45) | |||||
| Increase/(Decrease in creditors) |
(6,279.65) | 9,316.15 | |||||
| Net cash provided by (used |
in) operating activities |
18,802.68 | 7,383.03 |
| Total | Total | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |
| Funds | Funds | 2021 | 2020 | |
| Donations: | ||||
| General donations | 381.50 | 381.50 | 2,214.12 | |
| Gift aid reclaimed | 3,108.22 | 3,108.22 | ||
| Covid 19related grants | 19,454.80 | 19,454.80 | 14,228.96 | |
| Regeneration project: |
||||
| Heritage Lottery Fund Grant |
38,235.18 | 38,235.18 | 56,332.89 | |
| Restricted donations |
97.14 | 97.14 | 2,431.74 | |
| Covid 19Emegency funding: | ||||
| Heritage Lottery Fund Grant |
4,500.00 | |||
| 22,944.52 | 38,332.32 | 61,276.84 | 79,707.71 |
| Total | Total | ||
|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds |
| Funds | Funds | 2021 | 2020 |
| 6 | f | 6 | |
| 3,268.46 | 3,268.46 | 1,281.67 | |
| 3,268.46 | 3,268.46 | 1,281.67 |
| BYFUND T | YP | E | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||
| Unrestricted | Restricted | Funds | Funds | |||||||
| Funds | Funds | 2021 | 2020 | |||||||
| f | f | |||||||||
| Charitable activity: |
||||||||||
| General running | ||||||||||
| Rent and rates | 3,000.00 | 3,000,00 | 3,000.00 | |||||||
| Staff costs | 16,152.85 | 16,152.85 | 21,385.54 | |||||||
| Museum purchases |
400.00 | 400.00 | 39.36 | |||||||
| 19,552.85 | 19,552.85 | 24,424.92 | ||||||||
| Regeneration | project | |||||||||
| Other conservation | work | and | ||||||||
| maintenance | 5,584.00 | |||||||||
| 5,584.00 | ||||||||||
| Regeneration | project | |||||||||
| Main project | expenditure | 31,879.16 | 31,879.16 | 53,195.41 | ||||||
| 31,879.16 | 31,879.16 | 53,195.41 | ||||||||
| Covid 19additional | expenditure | |||||||||
| Staff costs | 3,881.83 | |||||||||
| PPE and other | equipment | 599.19 | ||||||||
| 4,481.02 | ||||||||||
| Association | for Suffolk | Museums | ||||||||
| Conservation | expenses | 110.04 | 110.04 | |||||||
| 110.04 | 110.04 | |||||||||
| 19,552.85 | 31,989.20 | 51,542.05 | 87,685.35 | |||||||
| Support and | governance | costs: | ||||||||
| General running | ||||||||||
| Printing, postage and |
stationery | 5.88 | 5.88 | 14.98 | ||||||
| Telephone | 184.36 | 184.36 | 541.00 | |||||||
| Marketing | 14.58 | 14.58 | ||||||||
| IT and software | costs | 89.32 | 89.32 | 354.99 | ||||||
| Insurance | 705.02 | 705.02 | 699.15 | |||||||
| Subscriptions | 381.60 | 381,60 | 355.39 | |||||||
| Independent | examiners | 8 | ||||||||
| accountancy | fees | 864.00 | 864.00 | 864.00 | ||||||
| Bank, card and | card | reader | charges | 1,366.27 | 1,366.27 | 1,105.00 | ||||
| Miscellaneous | expenses | 199.90 | 199.90 | 77.41 | ||||||
| 2,241.91 | 1,569.02 | 3,810.93 | 4,011.92 | |||||||
| 21,794.76 | 33,558.22 | 55,352.98 | 91,697.27 | |||||||
| NET INCOMING RESOURCES FOR | YEAR | |||||||||
| Total | Total | |||||||||
| Funds | Funds | |||||||||
| 2021 | 2020 | |||||||||
| 8 | 8 | |||||||||
| This is stated | after charging: | |||||||||
| Independent | Examiner's | fees | 864.00 | 864.00 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| A Bone | 1,545 | 2,114 | |||
| A Barnetson | 1,108 | 1,004 | |||
| 2,653 | 3,118 | ||||
| Museum | curator | 171 | 494 | ||
| Development | officer | 644 | 259 | ||
| Number | ofclaimants | 4 | 4 |
| Staffcost | s | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Gross pay | 31,933.75 | 23,811.61 | ||
| Employers | Nl | 1,342.18 | 1,17041 | |
| Employers | Pension | 421.55 | 285.35 | |
| 33,697.48 | 25,267.37 | |||
| CASH AT | BANK AND | IN HAND | ||
| 2021 | 2020 | |||
| Unity bank | current account | 14,316.02 | 10,057.79 | |
| Unity bank | deposit account | 13,164.08 | 5,163.27 | |
| Ipswich Building Society treasury account |
15,843.35 | 9,299.71 | ||
| Cash in hand | 262.76 | 262.76 | ||
| 43,586.21 | 24,783.53 | |||
| CREDITORS: Amounts | falling due within one year | |||
| 2021 | 2020 | |||
| f | ||||
| Charitable | expenditure | etc | 4,791.02 | 11,070.67 |
| 4,791.02 | 11,070.67 |
| com | menci | ng | 1 April 2018.Commitments under the l |
ease are: | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | |||||
| Due | within | 1 year | 3,000 | 3,000 | |
| Due | after | 1 | year within 5years | 12,000 | 12,000 |
| Due | after | 5 | years | 63,750 | 66,750 |
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