# **GUNNERSBURY MUSEUM AND PARK DEVELOPMENT TRUST** **REPORT OF THE TRUSTEES** **AND** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDING 31[st] March 2021** **COMPANY LIMITED BY GUARANTEE NO: 9152522** **AND** **REGISTERED CHARITY NO: 1168709** **Registered Office** **THE LARGE MANSION, GUNNERSBURY PARK, POPE’S LANE,** **LONDON, W3 8LQ** **Address for Correspondence** **c/o The Honorary Secretary, 25 Hartington Road, Chiswick, London, W4 3TL** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** ## **Gunnersbury Museum and Park Development Trust** Company No: 9152522 Charity No: 1168709 ## **Trustees’ Annual Report for the year ended 31st March 2021** The Trustees (who are also the Company Directors) present their report and the financial statements of the charitable company for the year ended 31st March 2021 ## **The following served as Trustees in the year to 31st March** **2021** Val Bott (Honorary Secretary) Kevin Mahoney (Honorary Treasurer) Michael Rowan Howard Simmoms (Honorary Chairperson) Corinna Smart Yvonne Johnson ## **Registered Office** The Large Mansion, Gunnersbury Park, Pope’s Lane, London, W3 8LQ **2** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** ## **Structure, Governance and Management** The Gunnersbury Museum and Park Development Trust is a Company Limited by Guarantee No 9152522 and a Registered Charity No 1168709. The Trust became an incorporated charity in August 2016, adopting a Memorandum and Articles of Association as the governing documents. The Trust was established in response to the need to address the decline of the significant Gunnersbury Estate in West London which until recently had 50 historic structures and buildings on the official Historic England “At Risk” Register. The principal objectives of the Trust are to work with other agencies in seeking to restore and develop a sustainable future for the Estate, raising funds and developing policies and alliances to achieve these ends while maximising community access and benefit. The Board of Trustees, which meets formally on a monthly basis, is responsible for overall policy, strategic direction and management of the Trust. Sub committees and working groups are formed as and when needed on a time and purpose specific basis. The Trustees are also the directors of the company and as required by the Articles are all members of the Trust and are kept aware of their statutory duties to both bodies and the need to comply with both Company Law and Regulation and Charity Commission Guidance. In seeking new Trustees consideration is given to the balance of skills, experience and knowledge that the Trust requires and all Trustees are encouraged to undertake appropriate training in order to be up to date in relation to best practice and regulatory compliance. **3** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** **Vision and Objectives** The Trust’s Vision is to work in order to achieve the regeneration of the overall Gunnersbury Estate, a hugely important historic, recreational, educational and cultural asset in West London and establish a vibrant and sustainable future for Gunnersbury as both a Regional and London wide resource and attraction with the widest possible community and public access. ## **Delivering Public Benefit** The Trustees have had regard to the Charity Commission’s guidance and confirm that the activities of the Trust provide public benefit and are aligned to its governing documents for the preservation, conservation and interpretation of the Museum collections, historic buildings and landscape of the Gunnersbury Estate, helping to **4** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** develop the museum service and to support the provision of sporting and leisure facilities for the enjoyment and benefit of all. During the covid lockdown while access to the Museum and other facilities was restricted, the public use and enjoyment of the Park overall grew exponentially with significant benefit for physical and mental wellbeing. Visitor numbers exceeded 1M for the year. ## **Risk Management** The Trustees regularly examine the strategic, business and operational risks that the Trust faces. A Fund Raising Strategy has been developed and is regularly reviewed and updated in relation to external activities while internal control risks are minimised by the implementation of clear procedures for all transactions. Responding to the covid pandemic had a significant impact on fund raising opportunities and activities. **5** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** ## **Overview of Activities and Achievements during the 2020/21** During the first two years of the Trust’s existence the focus was on raising capital grants to fund in whole or as matching funding significant regeneration costs or new facilities across the Gunnersbury Estate working closely with the Gunnersbury CIC. Funding was successfully obtained from bodies such as the Foyle Foundation, Garfield Weston Trust, the Country Houses Foundation and Heritage of London Trust. **6** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** Over the third and current year of activities the Trust has focused on taking a strategic lead role in building effective partnerships to tackle the significant disrepair of the major heritage buildings at risk such as the Grade ii Small Mansion and derelict Stables complex. The Trust successfully obtained a grant from the Architectural Heritage Fund to explore the options for short term repair and consolidation of these buildings and long-term possibilities for sustainable use. A Small Mansion and Stables Steering Group was formed as a collaborative working group chaired by the Trust and bringing together Historic England, the London Boroughs of Hounslow and Ealing (Joint owners of Gunnersbury Park), the Highways Authority (Gunnersbury being adjacent to and much affected by the A4 and M4 roads), the Gunnersbury Estate (2026) Community Interest Company (which manages the Estate), and the long-standing Friends of Gunnersbury Park. The Steering Group sought to consider and make recommendations on the future sustainable use of the Small Mansion and Stables with the initial objective of preparing a Project Viability Report funded through the Architectural Heritage Fund Grant. This Report identified several development options for the buildings which could public use, heritage value, community access and enjoyment whilst providing a sustainable business model with funding potential. Of these options and arts and cultural development concept emerged through rigorous assessment as the preference. Following this a second stage Architectural Heritage Fund Grant was obtained by the Trust together with partnership funding to commission a detailed Feasibility Study carried out by Jura Consultancy on behalf of the Trust. The primary purpose was to examine detailed costings for repair and renovation and to thoroughly test the feasibility of the preferred options. The Feasibility Study process and Report drew on further work by Jura Consultants together with the architectural development work undertaken by Rodney Melville and Partners (conservation architects) and Walker Associates (cost consultants). The work also included public consultation – carried out despite the challenges of the Covid pandemic – with contributions by more than 650 members of the public. Workshops were held to thoroughly test and evaluate the Feasibility Study and to include wider consultation with stakeholders before defining final conclusions and recommendations. The Feasibility Study will be an essential part of any future funding applications, underpinning the outline design proposals, business case, public access to heritage and conservation approach as well as cost estimates. More immediately the costings and identification of repair and consolidation works have led to securing partnership funding of over **7** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** £3 million for urgent investment in the Small Mansion and Stables with very generous contributions from Historic England and Highways England. These monies will be invested in repair works through 2021 and 2022. While the Trust will continue to develop in conjunction with partners a fundraising strategy to address the longterm sustainable use of these buildings and the broader implementation of the Masterplan for the Gunnersbury Estate. ## **Fund Raising and Other Activities of the Trust** The Trust has sought to encourage strong partnership working between the organisations that have a stake in Gunnersbury’s future success, the two local authorities that own the estate and museum, the embryonic Community Interest Company that will operationally manage these in the future, the long-established Friends of Gunnersbury Park and Museum, Capel Manor Horticultural College which is based on the site, and community organisations and businesses In the period up to March 31st, 2021, the fund ensured the distribution of funds raised in the previous period in accordance with various terms of support and initiated, not only the identification of potential funds and funders for the Small mansion and stables, but also identified Jura the leading advisor for the preparation and execution of the necessary independent advise needed to create the fundraising, implementation and reporting strategy to the stakeholders and the trust. Towards the end of the period under review, the Trust was leading on developing a funding bid to the Architectural Heritage Fund to explore the feasibility of identifying sustainable heritage and community uses for these important buildings that can complement the Museum, Park and Recreational uses that are the major features of the current Heritage Lottery Fund and related investment. This formed a major part of the work programme over 2018/19 and the Trust continues working with Historic England, the London Boroughs of Hounslow and Ealing, and the Community Interest Company. The Trust continued to work in support of the CIC and assisted with the audience development, community engagement and fundraising necessary to ensure the successful long-term sustainability of the Gunnersbury Estate. **8** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** The Trust has been very active in fund raising and in offering support and expert advice to the overall regeneration project at Gunnersbury. The Chair is a member of the overall Project Board and an Independent Director for the CIC and attends the regular meetings to help steer the regeneration efforts. Another strategic development on which the Trust has taken the initiative is that of reviewing the governance arrangements for Gunnersbury to see if a more effective arrangement could be put in place. Currently there is a weakness where the Trust and CIC are separate bodies and the Trust while acceptable to some funders, does not have clear legal title to the Estate assets which limits fundraising capabilities. At the same time the CIC which does have legal title is not recognised by some funders and falls outside the charitable funding of others. Working in partnership with the CIC and the two Local Authorities, Ealing and Hounslow, a joint working group has been set up to investigate the best way forward. This will consider whether the more established model of a parent charity with a subsidiary trading company might be better suited. The working group started to meet in January 2021 and has made good progress with the intention of making recommendations to the two Boards and two Local Authorities for adoption by the end of 2021. The Trust is grateful to those bodies that have so generously funded the developments at Gunnersbury so far, and for the advice and assistance from a wide range of people and organizations including the Friends of Gunnersbury Park, Historic England and The Architectural Heritage fund. **9** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** ## **Balance Sheet** **10** **GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST** ## **FINANCIAL STATEMENT** **11** GUNNERSBURY MUSEUM & PARK 13 GUNNERSBURY MUSEUM & PARK 14 GUNNERSBURY MUSEUM & PARK DEVELOPMENT TRUST ¢edl8Xerth X119 15..51..JJ The Gunnersbury Museum and P¥rk Development Trnst (A company limited by guaTamtee} Formatted trial balance for the year ¢llded 31 March 2018 M4r 18 C￿Tre￿I M•r 17 Comp. Code De5eriptlon Variante Re50uYtts expend¢d CoJts of generating Costs of geneviting vOl￿ntsry in¢ome Aciivily I 1338 Bathk charges 50 35 50 35 15 ChArltAble activities Aclivity I 2833 Examination fees 2846 Miscellanwu5 2847 Marketins & A¢fvertisithg 600 13751 6.569 375 2.274 8.843 9.443 2.649 6,794 Total res0￿ree5 exp¢nded 9.493 1684 6.809 + Pth¥s- + PARTNERS LIMrrED WESTERNAV Lopirx>x ws IEHvCb.￿19. PAge 2 15 Chirlty number.. 1168709 Compl￿Y rturnbEr: 09152522 The Gunnersbury Museum and Park D¢velopment Trust (A company Ilmlted by guarantee) Trustee5' report and finan¢lal statements for the yeAr ended 31 Mareh 2021 The Gunnersbury Museum Prdrk Development Trust (A company limited by guarantee) Contents Page Le841 and admini$tr&tiv¢ infom*tion Tru5tees' Idireclor3) reFrf)rt lThd¢p¢ndent exominerJ' report Statement of finAn¢ial activities Bal4n¢e sheet No¢es to the financial statements The Gunnersbury Museum and Park Development Trust (A company limited by guarantee) Legal Vdnd administr4tive information ChaTIty number 1168709 Company reg15tratlon number 09152522 Buslness iddress 25 Hartington Road London W4 3TL 02089957413 Reglgtered offlce The Small Monsion Gunnersbury Park Pops LDn¢ tA>ndon W3 8LQ Trustees Howard William Simmons Kevin Mahoney BSC MRJCS Valerie Bott Cllr Corinna Smart Mi¢ha¢l Rowan (Honorary Ch&irperson) {Trea8uTeTI Aceountsnts Arvind Joshi FCA.CTA.D¢hA 7-8 Ritz Parade W¢slem Avenue IA)ndon WS 3RA P*ge I The Gunnersbury Museum and Park Development Trust (A company limited by gu4ranlee) Rep()rt of the trustees (incorporating the directors, report) for the year ended 31 March 2021 The trustees present their report and the finaiicial sialements lor the year end¢d JI March 2021. The ITUStees. whn are Iso dTrectors of The Gunnersbiiry Mu5Ciltn aiid Park Develvpment Trust for the purpose5 of compwiy law and who serv¢d durinx th¢ year and up lo the d41¢ ol'this report ar¢ s¢t out on page l. PleA.qc ref¢r lo tlie attached addendum whi¢h ei) Trusleeg, Rc rl. rise5 a del#iled informution ex Illnallon of the Statement of truste¢s' respon51bllitie8 The Irusle¢$ who are alsu direLiurs ol. The Gui)nersbury Museum and Pork Dev¥loptncnt Trust for the PUTPQ.4c of c()mpany law arc respo115ibl¢ for pr¢pdriiig Ih¢-I'rustees' Aniiual RL'POrt and Ihc tinanci&l &taicrnenls in accardun¢e with appli¢4ble law and United Ki178dom A¢¥ounlin8 Sthiidards Iuniied Kinbwdom (ienerally A¢cepi¥d Accounting PrALticel. Cumpany liw requirc5 the iru5tees to prepare financial Siatcments for ca¢h finuncial year. Under ¥()mpany law Ih tnisle¢s Ithu5t not apprvv¢ the financial sta¢emenls uiile¥s Ihey are satisfied ih81 they bTivc a triie and foir view Of Ihc 51al¢ of affairs i)f ihe Lharilable ¢uiDpany and of thc iiicumiii&y re%ources and applicati()n ol. resourcc5, iiicliidiiig ihe iiic(Trinc and expenditure, of tli¢ ¢hariiabl¢ Lornpaiiy for thai pgrivd. In preporiiig th¥&e fiiiancial statem¢nt5, Ilie trv$i¢¢s ore required Iv,, s¢lect suitsble accountin8 p()licies and then apply ihein Loll515tenily' obscrve the m¢ihod5 and priJi¢ipl¢% in the Charilics SORP., make jLidgeinci)t5 aiid esfitnaies that are re&4onable und prudcnt., slal¢ whether appliLoble UK A¢¢(iunring Si&iidards have be¢n followed, subject to sny material departures disclo&eJ ajid explaiii¥d in Ili¢ fiiiaii¢iAI slalements., and prepare the financial $iai¢nicn15 on rh¢ goinbr eonccm basis unl¢s5 it 18 inappropriatc lo presurn￿ that lh¥ chdrilable compuny will cuntinu¢ in opcralion. Th¢ IruslLe.4 ol'e r¢sponsibl¢ for kccping piDper aLcoiiniiiibT Ir¢ords which disrlose with r¢osonable acciira¢y ai Jny lim¢ the linaiicial p05iiion of thc ¢hariiAbl¢ company whi¢h enable ih¢m lo ensiiie ihat the financial Slalern¢nis ¢omply Wlth tlie Cumpunie5 Act 2006. 1'h¢y ore Ir.spoiisiblL loi. s¥f¢¥iiardiiig Ihc llsseis of Ihc chllrilabl¢ Company and h¢nee roi. lakin&i reubonable ¥l¢ps lor th¢ PlEvention and d¢le¢tion al. frJiid and other irregularities. The ¥harity trustees wli<> served durin¥ Ili¢ ye&r and up to ihe date of thi$ r¢port ar¢ Sei out on page l. 'rhis report w prov¢d by thc Board on I l December 2021 und signed on its behaifby.. Mr Kevln Mahoney BSC MRICS Trustee {Director) P8g¢ 2 The Gunnersbury Museum and Park Development Trust (A Company limited by guxrant¢e) Independent examiner's report to thL trustees on the unaudited finaneial statements of The Gunnersbury Museurn and Park Development Trust. I report on the ￿counts of 'lh¢ Gunnersbury Museum and Park Development'fru51 for ihe year ended 31 March 20215et out on 2 to 9. Responsibilitle8 and b88is nf report A% thc cliarily's rruslces of ilie Company (who are Slso tl)e diT¢Ltors of the company for the purposes of company law), y()U Are responsible for the preparation of the accounts in accordancc th¢ r¢quirements of th¢ Companies Act 2006 ("the 2006 Act'}. Having satisfied myself thAI thc a¢¢ounl$ of Ihc Cornpaiiy are not required to be audited for this year under Phrt 16 nf th¢ 2006 Aci and are eligible for indcpeiid¢ni exiniinalioii, I r¢pon in r¢specl of iny examinaiion uf your charity's acLounts as ca￿7￿d out under 5¢¢1ion 145 of the Cliariiies Acl 2011 I"tli¢ 201 I Ati"). Ii) Larryiii8 out niy exarniiialion. I have followcd tl)¢ Direciion.E givcn by the c.harity Coinniissioii luiid¢r s¢cliun 14515llbl of th¢ 201 I Aci. Independent ex#mincr'$ $tJtemcnt I hdvr compleled my examination. l Lonfirm thai no material maiters hive Ltsmc to my Atteniion which gives me caiis¢ to aL'coLlllting I'ecL)rds wcie noi kepi in accoi'd8n¢e with section 386 of ihc Comppnies Aci 2006,. or the aL¢ouiils do not accurd wilh yucli r¢¢ords' or th¢ a¢¢uuiiis do not comply wil11 r¢levaiil accoun11118 K'qiiircmciils uiider section 396 ofihe Coinpunics Act 2006 oihcr Ihaii Jiiy Tequirem¢nl That thc &ccounis 8ive a 'lrii¢ aiid fAir' vicw whiLh is not a rn&ll¢r considered as part ol'&n the accouiits hhvc iiui bevn prepar¢d in accordance with thc Churiti¢s.SORP {FRS1021. have nc) Loiicern5 and huve ¢ome aLIDss no other matters in ¢oiii)eciioii with the eX￿MinAll017 lo which dtlciilion slioiild be drawn in Iliis report in order io enable a prop¢r under.%landin¥ of the accnunls lo bc Teached. Arvlnd Jo.Ihi FCA CTA DChA Independent ex8mincr Levy + Par(n¢rs Limil¢d 7-8 Rilz Parade Western AveEiue Londun W5.3RA 13 December 2021 P8ge 3 The Gunnersbury Museum and Pthrk Development Trust (A company limited by guarantee) Statement of financial activities (incorporating the income #nd expenditure Me¢ount} For the year ended 31 March 2021 Unrestrlcted fynd$ 2021 Total 2020 Tot41 Notes Incomlng resources Incoming resources from 8enerating fvnds.. Voluntary iiicome 27,110 27,110 7,500 Total incoming resources 27,IlU 27,110 7,500 Resuurces expended Govemaii¢¢ ¢u5ts 12,456 12.456 10.378 Total reyources expended 12,456 12,456 10.378 Total ￿nd& bTou¥ht forward Total funds carrled forward 24,277 24.277 27.155 38,931 38,931 24,277 The Statement of finaiicidl activities iiicludes g118ains arbd 108s¢5 in the year and ther¢forc & separate statement of to141 reco¥nised gains ond losses has not been prepared. All of the abov¢ llmouiits relate to continuing activities. The notrs on ￿ge3 7 to 9 form an IntegrAI pirt Df these fin4neiAI statements. Pgge 4 The Gunnersbury Museum 8Dd Park Development Trust (A company limited by guarantee) Balance sh¢¢t Vds Vdt 31 Mfireh 2021 21121 2020 Notes Current Assets C&sh at bank artd in hand 39.531 25.597 39,531 25,597 Creditors: amounts f&llln8 due wlthin OTh¢ yehr Net current ass¢tJ {6001 (1,3201 38,931 24.277 Net AJset$ 38,931 24,277 Funds Unrestricted incom¢ funds 38,931 24,277 Total fund$ 38.931 24.277 The Balance Sh¢¢t conlinues on the following pi¥¢. The notes on poges 7 to 9 form integral pMrt of these finincl81 statements. P*%e 5 The Gunnersbury Museum and P4rk Development Trust (A Company limited by guYdrante¢) Balance sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 March 2021 In approving these financial slalements as TTU5tees Idir¢ctors) of the ¢hAritobl¢ Gompany. we hereby confim: that for the year $tal¢d above the charitable ¢omphny ¢ntitled to the txcmption from an audit wider sebtion 477 of lh¢ Companies Act 2006. The members hav¥ not r¢quired the charil8ble company to obtthin an aiidit of its ￿cOUnt$ for the y¢4r in qu¢slion in ccor(18nc¢ with section 476 of the Act. The ITUStee￿dIrCctorS ocknowledge theii. r¢sponsibiliti¢s for ¢omplyin¥ with th¢ reqilirements of the CompBni¢3 Act 2006 wilh respe¢t to &¢countin8 re¢ord8 and th¢ pr¢pAration of o¢coiinis, Th¢ linancia IRl¢rnenis were a proY¢d by the board on 13 De¢¢mber 2021 and si&n¢d on ils ￿half by Mr Kevin Mahoney BSC MIII Tru5te¢ {DireLtor) ompuny number.. U9152522 The notes on piges 7 to 9 form an inte¥Tal part of these fin•nclAI 5tHt¢menty. PAge 6 The Gunner5bury Museum and Park Development Trust (A company limited by guarantee) Notes to financial statements for the ye#r ended 31 March 2021 Statement of compliance The prii)¢ipul accounting p()Iicic5 aTc summarised below. The accouniihg policies h8ve b¢en applied consislci)tly thr￿￿￿hnl11 ihe year and the preceding year. Basls of aceouMtSng 'I'he financial slai¢menis havc bcen prLpared undLr the Iiisiorical Lost conv¢niion and in UCCOTdanLL willi th¢ Chariii¢s S()Ki' IFRS 1021 'AL¢ounting and Reporting hy Charities.. Sial¢ment of ReLomm¢nded Priiclice appli¢abl¢ to charitics preparing ih¢ir accounts 111 ILLLordan¢¢ wilh thc binancial Reportin&T Standard applicable in thc UK and R¢public of Ircland IFRS 1021 leffcctive l Janiiury 20151, aiid the Companies Act 2006 HS il applies fr(Itn l January 2015. '1'he charity is a Piiblic Benefit F.ntity as defin¢il by FRS 102. 1.2. Incornlng rL'sourLes All iiicoiiiing resc)UT¢es ore included iii Ihc statement of financial aLtIVllie5 whcn the charity is eniiiled io the income uiid Ilic 8moiinl Can be quantified willi rriisoiiable accurJ¢y. Voluntary incr)m¢ is re¢cived by way of ￿PrantS. donations aiid g>ifts and is iii¥lud¢d in fi)11 in Ili¥ siaiement of peTforman¢L, by the charity, arc recugiii5ed wli¢n the Lhariry bceom¢s unconditionally cntitlcd to th¢ gr#nt. Donaied srrvices ond fHcilities llr¢ includ¥d Al thr vRlue lo the chArity where thi5 cjn b¢ quantified. ThL valu¢ of services providcd by voliiiileerb has not b¢en in¥luded. Resource5 expended l-xpendi¢iire 15 r¢Logniscd 011 ali u¢¢rual basis s5 a li8bility is incurred. F.xp¢ndilure includes uny VAT whiLh cannot be fully recov¢i¢d, and is rep()rted as port ofthe expendiiui'¢ io which il r¢late$. Cost¥ of g¢neroting fiiiids comprise ihc ¢osl.4 a550Ll¥t¢d wilh atiraciiny volun14ry incomc and the Losts of tradin for fundraising purpos¢5 including rhe charity's shop. Charitable expeiidilur¢ Lompri5C5 thosc cosis incurrL.d by the charity in the d¢livery vf its aclivi11¢s and servi¢c.8 for ils beii¢liriarics. li includes both ¥0515 tha¢ can he o11()coied directly lo ¥uch activitlV5 and those costs of an iiidirect nature neccssgry lo support them. Voluntary Income Unre$trSeted rundy 2021 2020 Total Grant t)oJiations 21,600 5.510 21.600 5.510 7,500 27.110 27,110 7,500 PHgt 7 The Gunnersbury Museum and Park Development Trust (A ¢ompany limited by guarantee) Notes to financial statements for the year ended 31 March 2021 Governance costs Unrestrlcttd funds 2021 Tot•1 2020 Totsl Independ¢nt examinalioll fee Prof¢ssionul- Auditor remuneration Office expens¢s- Cominunication & IT Evcnl cal¢rin8 Bank charges Devlopmcnt of Museum & educational pro8r8m 720 600 65 600 65 14 60 9.564 69 11.722 69 11,722 12,456 12.456 10.378 Employees Employmtnl costs No sNlaries or wages hllvc b¢¢n paid to employees during the year (2020.. Nil). No tTusl¢¢¥ havc received any remunerltion, beiiefits or expen5e$ from ihc Charity12020.. Nil}. Toxation The ¢ompany is exempt from tax OTh ils lharitablt ac¢ivi¢ies os it is a re8l&tered charity. Credltors.. Hmoyntg follln% due within onc ye8r 2021 2020 Ac¢ruals and deferred income 600 1,320 Analys1$ of net assets between fynds TotAI fund$ Fund balanees at 31 March 2021 as reprcsented by.. Page 8 The Gunnersbury Museum and Park Development Trust (A ¢ompany limited by guarantee) Not49 to financial statements for the year ended 31 Mar¢h 2021 lJnrestri¢ted funds At l April In¢oming Outgoing 2020 r￿ourceS resourees At 31 March 2021 Unrestrict¢d fiJThds 24,277 27,110 112.456) 38,931 Relgted p4rty traThsa¢tions Ther¢ were related party transactions during the y¢#r120I9., Nill. io. Going con¢ern The linan¢ial slalemenis have been prepared on thc a55iiniptign ihat ihe charitable company 1% ablc to carry O operations as u goiiig concern, whiLh the dire¢¢ors consiéer &ppropriat¢ having r¢gord io Ihe rircumsianLeg. Cumpany Ilmltwj by gu&rMntee The Gunnersbury Museum and Park Devclopm¢nt Trust is o company limiled by gugrajtee and accorditigly does noi have a shale Lapit&l. Every member of the comp8ny undertakes to eontribute Buch amount as may be reqyired not ¢xceedin8 £1 to the a55eis of ihe chariiable compaiiy in Ihe event (?f its bein8 wound up while he or she is a m¢mber, or within on¢ y¢ar after he or She ¢eases to b¢ a memb¢r. P4¥e 9 ## ## ## ##