## **Trustees' Annual Report for the period** Period start date Period end date 01 January 2020 31 December 2020 **To** **From** ## Section A Reference and administration details **Charity name Other names charity is known by Registered charity number (if any)** 1169435 Tenby Museum & Art Gallery **Charity's principal address** Castle Hill TENBY Dyfed **Postcode SA70 7BP** **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Dr. Charles John
Michael Brew|Vice Chair||Tenby Museum Trustees| ||Christopher John
Delaney|||Tenby Museum Trustees| ||Andrew Evans|||TenbyMuseum Trustees| ||Nicole Evans|||TenbyMuseum Trustees| ||Trevor Hallett|||Nominated by Tenby Town
Council| ||David John Palmer
Morgan||1/1/20 to 28/2/20|Tenby Museum Trustees| ||Philip Graham
Oliver||1/5/20 to 31/12/20|Tenby Museum Trustees| ||Phil Okwedy||1/6/20 to 31/12/20|TenbyMuseum Trustees| ||Paul Rapi|||Nominated by Pembrokeshire
CountyCouncil| ||John Ross|||TenbyMuseum Trustees| ||Dr. KathyTalbot|||TenbyMuseum Trustees| ||Neil Alan Bradley
Westerman|Secretary||Tenby Museum Trustees| ||Michael Williams|Chair||TenbyMuseum Trustees| ||PhillipJ Williams||1/1/20 to 20/5/20|TenbyMuseum Trustees| |||||| |||||| |||||| |||||| |||||| |||||| **TAR** March **2012** 1 ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser **
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |Mark Lewis, Curator||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Elected by existing trustees except for one trustee nominated by Trustee selection methods Pembrokeshire County Council and one by Tenby Town Council. (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include Newly appointed Trustees are provided with a copy of the museums additional information, where governing document, the annual financial report and the current monthly relevant, about: financial report. policies and procedures The museum is a member of Tenby Chamber of Trade and Tourism, adopted for the induction and Pembrokeshire Museums Association, the Association of Independent training of trustees; Museums (AIM) and the Federation of Museums and Art Galleries of the charity’s organisational Wales. structure and any wider network with which the charity The museum has agreed a service level agreement with Pembrokeshire works; County Council and an agreement with the Pembrokeshire Coast National Park Authority. relationship with any related parties; The museum is fully accredited by MALD and ACE number 1241, and has trustees’ consideration of a wide range of policies including a disaster plan and a data protection major risks and the system plan. All museum policies are agreed by the trustees and are reviewed and procedures to manage annually. them. **TAR** March **2012** 2 ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The object of the Charitable Incorporated Organisation is to promote the education of the public by the provision of a museum to collect, document, preserve, exhibit and interpret material evidence and associated information predominantly of local interest. The primary purpose of the charity is the provision of a museum and art gallery, namely Tenby Museum & Art Gallery, and by so doing educate the general public on the local prehistory and history of the area and the people and personalities connected with the town of Tenby. To further this aim the museum admits accompanied children free of all charges. The museum is a signatory of the ‘Kids in Museums’ charter and endeavours to make a visit both educational and fun. To this end the museum has hands-on interactive materials as well as dressing up opportunities and displays targeted at children including a pirates cell. A number of educational trails and activity sheets are available free of charge. Comments in our visitors book include “Children loved all the interactive stuff, enjoyable and interesting”; “Informative yet fun”; “Lots of information in a small space and well displayed”; “Best museum in Wales, really fascinating” and “It’s a wonderful museum and we’ve learned much about Tenby. Excellent for kids”. **Summary of the main** The museum is fully accredited by MALD (Welsh Government). **activities undertaken for the public benefit in relation to** A new exhibition, ‘Forged in Wales: Five Welsh Actors’, was opened by **these objects (include within** Dr. Eva Griffith, daughter of Kenneth Griffith in January 2020. The **this section the statutory** exhibition celebrates the life and work of five Welsh actors including **declaration that trustees have** Kenneth Griffith who was born in Tenby. **had regard to the guidance issued by the Charity** An art exhibition by the VC Gallery (Haverfordwest) entitled ‘The Power **Commission on public** of Pembrokeshire’ was opened in January. **benefit)** Following the temporary closure of the museum in March due to the Corona virus Covid 19 the museum’s Curator, Mark Lewis, has undertaken a daily facebook post on gems from the collection, featuring images and stories based around museum objects. The posts continued until the end of the year. The curator also worked on the Museum of Memories Project, Black Lives Matter – The dark side of Pembrokeshire, and on various podcasts including one on the artist, Augustus John, who was born in Tenby. A joint project with Artisan Avenue created two short films based around the art works from Penally Camp, which have been made available on Twitter and Facebook. All trustees have been informed about the public benefit guidance issued by the Charity Commission and where to find detailed information (gov.uk – charity commission). **TAR** March **2012** 3 **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. The contribution made by volunteers to the successful operation of the museum is a significant one. The museum relies heavily on a dedicated band of volunteers without whom the museum’s activities would be considerably curtailed. Front of house volunteers work on the reception and in the gift shop. Behind the scenes volunteers work on cataloguing, indexing, library duties, historical research and family history research. Volunteers assist with educational activities including art workshops for children, guided walks and organising a range of popular talks on local history and art for adults. The museum welcomes volunteers with a wide range of skills and abilities. The museum has hosted volunteers who are registered disabled and volunteers with mental health issues. Work experience placements for school children and students are provided. Volunteering at the museum is both fun and educational. Many of our volunteers have been taught new skills by both museum staff and by attending training courses ## Section D Achievements and erformance p **TAR** March **2012** 4 Section D Achievements and erformance p ## **Summary of the main achievements of the charity during the year** Due to Corona virus Covid 19 the museum was forced to close its doors to the public from March 2020. The trustees took the decision to remain closed for the rest of the year. This decision was based on the knowledge that most of the museums volunteers are aged over 60 and would therefore be unlikely to continue volunteering at the museum due to the serious risk to their health. Several volunteers and staff were in high risk groups and would be shielding. Without volunteers it is not possible for the museum to remain open seven days a week. In addition the layout of the internal spaces within the museum makes it difficult to maintain social distancing. Whist visitors have not been able to physically access the museum and art gallery during this period the curator has developed and become involved with a number of virtual/ online initiatives including the museum of memories and museum from home projects. The latter project involves sharing on facebook everyday objects from the collections and asking people to share their memories of these objects. This has generated engagement with a range of people and positive interest from people wanting to visit when the museum and art gallery reopens. **TAR** March **2012** 5 **Section E Financial review** **Brief statement of the charity’s policy on reserves** Reserves are held to meet contingencies and risks and to ensure the charity can meet payments due during the winter period when income is considerably reduced. This year the museum has drawn upon its reserves to remain financially sound during the Corona Virus Covid 19 epidemic and resultant temporary closure of the museum to the public. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: Primary source of funding is admission charges to the museum. This is complimented by secondary spend in the gift shop. In addition a number of art sales exhibitions are held each year generating additional funds. A local non incorporated membership organisation called the Friends Of Tenby Museum & Art Gallery provides financial support for specific projects. The charity also applies for grants from a number of different bodies including the Association of Independent Museums and PLANED. Pembrokeshire County Council provides a grant of £1000 pounds per annum. The charity operates the Gift Aid scheme. - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and The charities income from admissions and sales has been markedly objectives including any reduced this year due to the museum being closing from March. However ethical investment policy the museum was able to claim several Welsh government Covid 19 adopted. grants and make use of the UK governments furlough scheme. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** ## **Signature(s)** Michael Williams **Full name(s)** Neil Alan Bradley Westerman **Position (eg Secretary, Chair,** Secretary Chair **etc) Date** 1 May 2021 **TAR** March **2012** 6 The Charlty Registration Number is :. 1169435 Tenby Museum and Art Gallery Report and Accounts 31st December 2020 Tenby Museum and Art Gallery Trustees, Annual Report for the year endèd 31 December 2020 The Trustees present their Report and Accounts forthe year ende¢ 31 D8c&mber 2020. Reference and administrative details The charity name. Ttte legal name of Ihe eharfty Is.'- Tenby Musèum and Art Gallery The charty is also knowTr by ts operalng name. Tenby Museum and Art Gallery. The charftFs a￿8$ opeRtlon and UKcharitabl• registstlon. The charity is regi5teied in England & Wak5 the Charity Commission in England & Wale$ ICCEW) swih d￿rity number 1169435. The charity does notoperate tn any overseasjuri3dicXions. L•galstru¢fure ofthe charity The charity is constituted as an unincorporated charity. established by a wrrtien constituts"on. The goveming document of the tharity 15 the written ¢onsts"tutioft approved by th8 rnptnbers and endoised by the Charity Commission in England & Vvales ICCEW). The￿ are no restricbons in the g)vernin9 documents on the operaticfj olthe Ch8nty oron Its Investment power5 Otherthan those irnp05ed by Charity L8W. The trustees arè all indiwduals. Tenby Museum and Art Gallery Trustees, Annual Report for the year ended 31 December 2020 The prfnclpal operallng addr8$$. telephong number, emall and web addresses of the charlty aro.'_ Tenby Museurn Castle Hill. Tenby Pembtokeshire. SA70 78P The Trustees in offt¢• ort tho dafg thè ￿pOrtwaS approved were:_ Dr. Chades John Michael BTrw Chri5topherJohn Delalley Andrew Evan5 Nicole Evans Trevor Hallett Paul Rapi John Ross Dr Kathy Talbot Neil A8n Bradley Westwrnan ISe(xelaryl Michael Williams Ichairl Dr Phillip Olwer Phl Okwedy The followlng petsons seNed as Trustees durlng the year ended 31 December 2020:. The tnjstees who seNed as a trustee in the rep￿ting pertod, and, If applicable, theirdales of appThntment or resignation during the yearwerè=_ Name Resigned 2810212020 Appolnted David John Parmer Morgan Phillip J Williams Dr Phillip Ollver Phil Okwedy 2210512020 2210512020 1210612020 Objects and a¢tlvltles of the charlty The purposes of the charity as set out in its governing do¢um8nt. The objective of the Charttable In￿rporated Organisalion is to promote the education of the publi by the provision of a museum lo collect. document, preserve, exhlbil and interpret moterral evldence and associated infomialion predominantly of l¢¢al interest. Tenby Museum and Art Gallery Trustees. Annual Report for the year ended 31 December 2020 The main activitios undertaken during the year to further the charity's purpose for the public benefit. The prim8ry purpose ofthe charity is the provtsion ot a museurn and art gallery, namely Tentsy MuseuTh & Art Gallery, and by so d(xng educate the general public on the local Kyehistory and history of the area and the people and persondKi&5 connected wrth the tobvn of T¢nby. To furthèr this aim the Mus*￿ admils acLompanied thildren free of all charges. The museum is a signatory of Ihe'Kids in Museums, charter and endeavours to make a wsil both educational 8nd fijn. To this end the museum has hands-on interactive materials as well as dresslng vp opporbjnities an¢Y displays targeted at children including a pirates cell. A number ol educational trails and a¢tivlty sheets are aVaila￿e flee of tharge. Comments in ourvisitors book include'child￿n loved all the interacts.ve stuff, enjoyable 8fKI interesting.: 'Informative yet fun';"Lots of info￿atiOn in ? small space and well displayed.; 'Best museum in Wales, really f&%un8ting' and'lts a wonderful rnuseurn and we've leamed much about Tenby. Excellent for kids.. The mLt5eum is fully accreditsd by MALD Wdsh Govèmrnent}. The main achievements and perfomiance of the charlty during the year A new exhibits'on. 'Foiged in Wales.. Five Welsh Actor5', was opened by Dr. Eva Griffith. daughter of Kenneth Griffith in January 2020. The ethlbil￿n ￿lebrateS the life and work of fve We15h actors including Kenneth Griffith who was born in Tenby. An art emhibition by Ihe VG GaI￿ry IHavertordwestl eth"Ued'The Powwof Pembrokeshire, was opened in January. Following the temporary dosure of the museum in Marth due to ihe Corona viru5 Covid 19 the museum's Curator. Mark Lewi5. has undertaken a daily fa￿book poston gems fvom the collection, featuring irnages and stories based around museLJm objects. The posts rJJnb'nued until the end of the year. The curator also worked on the Muselim of Memories ProjecL Black Lives Matter- The dark side of Pembrokeshire, and on variou5 podcasts including one on the art15t Augustus John, who was bom in Tenby. Ajoint projectwith Mtsan Avenue created hvo s￿rt films based around the artworks from Penally Camp. which have been made avallable on Twilter8nd Fa￿bOOK. l trustees have been infomied about the pvblic benefrt guidan￿ kssued by th¢ Charity Coromlssion and where to find d8tailed informalon Igov.uk- chartty commission). The conlrlbulion made by volunteer5 to the su￿essIu[ operation of the museum is a significant one. Thè museum reliè5 heavity on a dedicated band of volunteers without whom the museum's ac1wi￿.es would be considerably curtailed. Front of house volunteers work on the reception 8nd in the gift Shop. Behind the scenes volunteer5 work on catloguing. inde￿ng, ￿"brary duties, hlstorical research and famlty hlstory research. Volunteers assist with educational aclNities includlng art workshop¥ for children. guideil walk5 and organising a range of populartalks on l0¢4 history and art for adults. The museum welcomes volunteers 3 wde range of skills and abilities. The rnuseum has hostsd volunteers who are registered disabled and volunteers wth rnental health issues. Work experience placements for school children and students are provKled. Volunteering 8t the museum 13 both fun and educational. Many ol our voluntÈ•r5 have been taught new skllls by bolh rnuseum staff and by atten¢Jlng training courses Tenby Museum and Art Gallery Trustees, Annual Report for the year ended 31 December 2020 Structure, governance and management of the charity The methods used to reeruitand appoint new charfty trustees Newty appointed Trustees ar8 pmmded a copy ofthe museums goveming document, the annual financial report artd the current monthly finan￿al ieport. Tre museum is a member of Tenby Chambw ofTrade and Tolthism. Pembrd(eshire Museurn5 Association, the Assoaation of InderEndent Museum5 (AIMI and the Federat'on of Museurns and Prt Galleries ofWle5. The museLLm has agreed a Servi￿ level agreementwth Pembrok?shire County Council and an ag￿ernent the Pembrokeshire Coast Nabonal ParkAuthority. The museum is fully accredited by MALD and ACE number 1241, and has a ￿de range ol pdi¢ies induding a disaster plan and a data proteclion plan. rnuseum policEs are agreed by the tFU5tees and are reviewed annually. Flnancial revlew rhe ¢harlty's financial position at the end of the year ended 31 December 2020 The financial position of the charity at 31 December 2020 and eomparalivés for the prior Per￿d, as more ful￿ detailed in the accounts. ¢8n be summarlsed as follt)WS".- 2020 2019 Incomo 54.718 16.5011 Calléd up Sha￿ capital Share premium account Unostrtcted Revenue Funds availab￿ forthe general purposes of the charity Unrestricted revaluation reserve Designate(J Revenue Funds Designated Fixed Asset Funds Total Unrestrlcted Funds 185,619 126.133 185.619 126,133 R8Strtted Revenue Funds Restricted Fixed Asset Funds Restricted revaluatK)n reserve 6.298 11,065 Total Restrict8dFunds 8.298 11,065 Totsl Funds 191,917 137,198 Tenby Museum and Art Gallery Trustees, Annual Report for the year ended 31 December 2020 Flnancial reviow of the position at the reporting date, 31 December 2020 Primary source offunding is aijmission charggs to the museum. Thi5 is complimented by secondary spend in the gift shop. In addition a number of art sales exhibitions are held each year generating additional funds. A l(Kal non incowjiated membership organisation calw the Friends Of Tenby Museum & Art Gallery wovides financial support for Sp￿r￿ projects. The charity also applies for grants from a number of different bodies including the Association of Independent Museum8 and PLANED. Pembrokeshire County Council provides a grant of £1000 pounds per annum. The charity operates the Gift Aid schem. In particular for 2020, main income was govemmenl grant income conceming maintaining the Museum itsew due to closure from Covid. Pollcies on reseNes. Reserves are held lo meet contingencies and risks and to ensure the charity can meet payments due during the winter period when income is consideTabSy reduced. Availability and adequacy of assets of each of the funds The board of trijstees is 5atTsfiÈd that the charitys assets in each fund are availablè and adequote to fulfil ils obligations in respect of each fund. Details of The Independent Examiner Jamie J8mes-Goddard Member of Institute of Chartered Accountsnts in England & Wales Lw5 8allaid BBB Lid County Chambers, Warren Stre¢t Tenby Pembrokeshire SA70 7JS Tenby Museum and Art Gallery Trustees, Annual Report for the year ended 31 December 2020 statement of the 01￿CtOrS Trustees. Responslbllltles The charity's trijstees arè responsible tor the P￿paratiOn ot the accounts in accordance with the terms ¢f the Companies Ad 2006, the Charities kt 2011 and the Charities {Accounls and Reports) Regulations 2008. Notwithstanding the expli¢it requirement in the extant stalulory regulations.the Charitiès (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordan￿ wth the SORP 2005. in view of the fact that the SORP 2005 ha5 been thdrawn. the Trustees determined to interpret this responsibility as requiring Ihern lo follow current best practice and piepare the accounts according lo the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Chariliesl 2015,1as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019). (The SORPI. In particular, the Companies Act 2006 and charity law requi￿ the Board of Trustees lo prepare financial slalements for each financial year which give a true and fair view of the state of affairs of the ¢harity as at the end of the financial year and of the surplus or def￿1t of the charity. In preparin9 those linancial sl*ements the Board is reqLJired to :_ lo prepare the accounts in accordance with United Kingdom Generally Accapted Accounting Practice Iuniled Kingdom Accounting Standards and applicable lawl. select suitable accounting policies and apply them consistently., makejudgemenls and eslimales that are reasonable and prudent., prepare the financial sialements on the going COn￿M basis unless it is inappr¢priale lo presume that the charity w(11 continue in business.. stsle whether applicable accounting standards and stslements of recommended pract￿$ have followed, subject to any materol departures disclosed and explained in the financial statements.. Tha law requires that the Iruslees must not approve the accounts unless they are satisfied that they give a true and fair view of Ihe slate of affairs of the charity and of thè surplus or deficit of the charity for the year. The Trustees are also responsible maintsining adequate accounting records which disclose with reasonable accuracy al any lime the financial position of the charity and which are sufficient 10 show and explain the charitys Iran5aclions and enable Ih¢m to ensura that the financial ststemènls comply with the CornpanEs Act 2006 and comply with regulations made under the Charitiès kl. They are also responsible for safeguarding thè assets of the charity and hence for taking reasonable steps for the prevenlK)n and deleGlion of fraud and other irregularities. The Trustees a￿ also ￿SponSIble for the contents of the Trustees, ￿pOrt, and the statutory responsibility of the Independent Examiner in relation to the Trustees. report is limited to examining the ￿pOrt and ensuring that on the face ol the report. there are no material incc¢tsistenrAes wth the figures disckjsed in the finarrtial 5taternents. Tenby Museum and Art Gallery Trustees. Annual Report forthe year ended 31 December 2020 This report was approved bythe LN)8rd oftru5tee5 on 31 May 2021. Neil Alan Bradley Westemian Secretary Michael Williams ChaT Tenby Museum and Art Gallery Report of thè Independent Examlnerto the Tntstees of the charity on the a¢counts for th¢ y•ar ended 31 Decetnb8r 2020 I repcrtto the Tw51ee5 on my examinalion of the finanaal statemellts of the charity on pages 12 ¢0 20 forth8 year 8Thled 31 December 2020 whith have been prepared in accoldan￿ with Ihe CharilKs Ad2011 Ilhe Act) and wlh the Fin3ndal Reporlng Standard 102. leffeclwe 1st January 2Q161 adapted to meet the ￿￿5 of unincorporated organisations. a5 modified by FRS 102 SORP (Statement of Recomrnended practi￿ forAccounling and Reparbng by Charitie512015. la5 amended bythe Bulletin issued in Oclober 2018 and appliG4ble to dr aGcounling periods bÈginning on or after 1stJanu2ry 20191. (The SORPI. published by Ihe Charity in England &Wale5 ICCEWI, and under the hi5toriGal ￿st convenlton and the accountiry poliaes set¢Jul on page 19. Respective ￿spOnsIbl11￿es of the Trustee$ •nd the Indeppndet)tExafflinoT and the bas55 ofthè report A5 des¢ribed on page g, you. the charity8Trustee5. are responstble for th2 preparation of Ihe finava#l statements in accordance wlh the Charities Act 2011 and all other applii*ble law and wlh United Kingdom GenerallyA¢opled Accounting Practy¢e. applicable lo $rnal￿r Entit￿, and for b#"ng satisfied thatthè finanual slatements givg a true and fairwiew. The Trustees conS￿er thatthe audlt requirernent uf Section 144111 ofthe Charities Ad 2011 ItheAdl does not apply, and that Ihere is no requirement in IhÈ Goveming Dowment for the Conducting of an audit. As a consequence. the Twstees have deGted Ihalthe finafiual stateff￿nts be suL4'eGtto indeFendefitexamination. Having 5a*"sfied myseifthat the financi￿ statements are Thot requirEd 10 be audited un(krany legal provi%K)n, or otheThw5e, are ellglble for inde￿ndente￿8MinafIOn. kt is my responsibility to'.- al exarnine the financial 5tsternents of the charity under Section 145 of Ihe Act,. bl follow the applicable prcGedvres ￿ the Directign5 siyen by the Charity ComrnissK)n under section 14515Xbl of lh$ ACL Basis of Independent Examlner's Staternant and scope of work undertak4n I report IA respect of my examination of Ihe charivs finanoal statements Ca￿￿d out under $145 ef IheAct lft carrying out myexaminalion, I have followed all th8 applitsble Dyections given by the Charity Commi55ion undersection 145(5llbl of the Act setting outlhe dutie5 of an independent examiner in r81a￿on to the conduth of an independent examination. indepe￿antexamI￿dtiQn incJudes a ￿vEÉW of the accountsng record5 kept bythe charity and of accounting systems ￿p10yed by the thanty and a comparison ofthe finandal Statements presented with those record5.11 also indudes consideration of any ufiu5ual items or disdosures in the financial slalemenls, and seekiro explanations from you. as Trustees, conceffli￿g such matters. Th8 purpose i)f the examinalion is lo e$tablish as far as possible thatthere have been breaches cf ehaiity legislation and that, on a test ba515 ofev￿￿enCe iekvant to the amounts and disd05ures made, the financial slaternents fjompty ￿1h the SORP. The procedure5 undertaken do not provide au the evidence thatwould be required in an audi¢ and tnfornation supplied bythe TIu51ee5 in the ￿Urse of the examination 15 notsublected to audittesls orenquiries and does notcover all the matters that an auditor would wn5ider in arri*ing at an opinion. Tha planning and ¢onduct of an audit 908s beyond the limited assuranc8 that an independent exarnination can provide Consequenlly. I do not express an a￿j￿1 opinion on the theWsN￿ by the fnantsal slatemenls, and in part¢ular, I express no opinion a5 lo whether the fI￿arK￿lI statement5 give a tru8 and fairvRw of the affairs of Ihe charity, and my report is limited to Ihe matter5 sgt out In the staternent belty*. I p18nned and performed my examination 50 as to satisfy ffly59lfthat the objeclwes of the independenl examination arè achieved and before finalising the report l obtsined written assurances from the Tfustees of au rn8terial matters. Independent Exarninèr's Statement. Rèport and Oplnlon Subject to th8 limitations upon lh8 scope of my work as detailed abgve, I have ¢ompl8ted my examination. and Can confirm Ihat'.- Tgnby Museum and Art Gallery This is a report in respect oran gxarnination carried out Ur￿er 145 ofthe Act and in accordance wth Directions given by Ihe Charity Commission under section 14515llbl Of the Adwhich may be applicable.. and that no material matters have ¢¢me lo my attenticn in connection with the examination giving rne cause to beli8V8 that in any Material resp8Ct.- accounting records were not kept in respect of the (*arify as required by ￿1h SeC￿On 130 of The Charities A¢t 2011-, the finanual statemen15 do not a¢¢ord ￿th Ihose records-, or the fitTran¢tal 5tatemen15 do not coryly ￿th the applica￿8 requiremen15 concerning the form and content of accounts setout in the CharitEs IAGcounts and RÈportsl Regulations 200e other than any reqU1￿Mentthatthe accounts gwe a'true and fairt view. whKh 15 not a rnattèr considered as part of an independentexaminabon." have nol been prep￿￿ in aGcDrdan¢e ￿U) m&thods and principles set out in the FRS 102 SORP Istalementof Recommended Practi￿ forAGcounling and Reporting by Charitresl 2015. las amende¢J by the BUl￿tin issued in October 2018 and applicable to ￿1 ac¢ounbng peftrxls beglnnlng on or after 1st January 2r1191, (rhe SORPI. I have no concems and have come across no other matters in connE¢bon the examinalron le which attention 5hvuld be drawn in Ihis repDrt In orderto en8￿e a woperunderslandiry ofthe financial strdtements to be reached 519n•d:_ J8wdeJ8me&Goddar¢-1Tr1eF¢ndenl EwSr£r Institute of Chartered Accounlanls in England & Wales Lewis B8ll3rd 8BB Ltd County Chambers. Wa￿en Street Tenby Pembrokeshi SA70 7JS This reportwas signed on 31 May 2021 Tenby Museum and Art Gallery - Statement of Financial Activltles for tho year ended 31 December 2020 statement of h'nancialA¢tivlUe$ for the year ended 31 Decwnber2020 SORP Cvrr•Thtyoar Llnre51rfcted Funds CuvrMty•¥ Ae5tricted Funds Cuir•nl year Toi&l Fund5 Priorytar Total Funds 2020 2020 2020 2019 Incomg & Endowrnonts from.. Donat(ons & Legade$ Charitable aclivibes Other trading actiwties Invesknents A1 138,973 3,074 2.527 211 138,973 3.074 2,527 211 S4.023 32.010 20,880 324 A3 Total rncom8 144.7BS 144.785 107,217 Expenditure oh.. Raislng funds Charitable acti￿ties B1 B2 274 85.026 274 89,793 4.767 106.745 Totsl oxpenditure 85.300 4,767 90.067 113,718 Net income for the year 59,485 14767) 54.718 16,5011 Not income aftertsan5fgr5 59,485 14767) 54.718 16,5011 N8t￿￿¥8M8nt in funds 59A85 14,7671 54,718 16.5011 Reconciliation of funds:_ Total fvnd$ broughtforywd 126,133 11.C65 137,198 143,699 Total funds carr(ed fts￿ard 185,618 6.298 191.916 137,19B The'SORP Ref indlca¢éd ab)ve Is the classrficabon Of income setout in Ihe fomal SORP documents. As re4uired by pamgraph 4.60 of Ihe SORP. the brought fonMard 2nd cariied forward fund5 above have been agreed lo the Balan Sheet A sepaR¢e Slatemenl ofTotal Recogni58d Gwn5 and Losses is not required as thi5 slatement indudes all recogni8ed gains and108Ée$. All xctiv(lies derive from continuing operations Thè notes attaeh•d on pagos 19 to 20 fomi an IntQ9ral partof th8s# accounts. Tenby Museum and Art Gallery- Statement of Flnancial Activities for the year ended 31 De¢ember 2020 Tenby Museum and Art Gallery- Analysis ot prior year totsl funds, as required by paragraph 4.2 of the SORP SORP Ref Prf•rYe8r Vnrestrlctqd Fund3 PriorYeaT Restrlctod Fund$ 2019 PriorYe•r Total FU￿d5 2019 2019 Income & Endowments fmm: Donations & Legacies ChaTrtable actNits"És Olhertradirtg activilies Investments Al 54,023 32.010 20.860 324 54.023 32,010 20,860 324 Totsl irtcome 107.217 107,217 Expendi￿re on: Rai8ing fvrtd$ Charitabte activitres B1 6,973 104,226 6.573 106.745 2.519 Totsl expenditure 111,199 2,519 113,718 Notincome for the year 13.9821 P.5191 16.5011 Transfers betw￿￿ funds Net incorne after translets (3,9821 12,5191 16.5011 Reconclllatton of fvnds=. Total fvnd5 broughtforward 130.115 13,584 143.699 Totsl funds carrfed forward 126,133 11,Q55 137,198 All aetiviti•s derive from ¢ontinulng operations A separate Statement of Total Recogni58d Gains and Losses is not requlred thi$ stslement indudes all recognised 98ins and losses., The notès atta¢hed on pages 19 to 20 fomi an Integral part of these accounts. Tenby Museum and Art Gallery- Statsment of Flnancial Activities for the year ended 31 December 2020 Tenby Museum and Art Gallery- Resources applied in tho year ended 31 December 2020 towards fixed assets for Charity uge:. 202 2019 Fund5 generated in the year as delaI￿d in the SOFA Resources applied on fun¢llonal I￿ed assets Investrneni in programme orsorial related investrnen15 Resources applied on Intangible assels Resources applied on Hentage assets Other applications of funds 54,718 12,4371 16,5011 Net resources avaiEabl& to fund charltablg activiti 52.281 16.5011 The resources applvad on assets for charity use tepresents the c051 of addits.ons ￿s3 proceeds of any du%p05al$. The not•s attached on page$ 19 to 20 lomi an integral part of these accounts. Tenby Museum and Art Gallery- Statsment of Financial Activlties for the year ended 31 December 2020 Movements in revenue and capltal funds for the year gnded 31 December 2020 Revenue accumulate(I funds Unr0$1￿¢ Fund5 2020 Tot•1 Funds La5tytsr Total Funds 2019 Funds Z020 2020 A¢¢umulated funds broughtforward 126.133 11.Cfj5 137,19B 143.699 Recognised g*ns and105S8s before tran5feis 59.485 14,7671 54,716 16.5011 185.618 6,298 191.918 137.198 Closing rtvenuefurtds 185,618 6.298 191 916 137.198 Summary of funds Unrnslrfcted Rosldct•d Funds Total Lastyear T4)tal and Deslgnaled 2Q2D Fund$ 2020 2019 Revenue accumulaied funds 185,618 191,916 137,198 Total funds 185A18 6898 191,916 137.196 The notes attached on pag•s 19 to 20 form an integral part of the¥8 accounts. Tenby Museum and Art Gallery- Statement of Financial Actlvities for the year ended 31 De¢8mber 2020 Tenby Museum and Art Gallery Income and Expenditure Account for the year ended 31 December 2020 as requlrgd by tho Companles Act 2006 2020 2019 Income In¢orne from operations Refunds from HMRC on gift alded doNaUor 1414.416 158 103,730 3.183 IrNeslmenl incom InteTEst receivable 211 324 Gross income ¥• the year before exceptional iteins 144.785 t07,217 Gross Income in the year includin9 exceptional Ftsms 144,7BS 107.217 ÉKpen¢Kfvre Ch&ilable expenijiture. excluding depreclation and 4mortisation Depfy¢ialKn and arnartisation Fundrai$ing costs Governants ¢o$ts 82,458 6.825 274 510 102.440 3,927 6.973 378 Total expendlture in the year 90,067 113,718 Net income before tsx in the financial year 718 16,5011 Tax on surplsJ$ on ordinary advities Not income aftertax in the financlal yeaT $4.718 6,6011 Retained surplus for the financlal year 64,718 16,$011 l acUvitie$ derive from c￿ntinUing operation$ In accordance with tho pro¥i5ions of the Companies Act 2006. the headin95 and subheadings used in the In¢ome and Exp8ndilure account have been adapted to refiect the speci41 nature of Ihe choriV$ athilies. The not•s attachod on pages 19 to 20 form an Integral part ofthèse accounts. Tenby Museum and Art Gallery - Balance Sheet as at 31 December 2020 SORP Note Ref 2020 2019 Fixed assets Tangible assets 10 A2 3,484 7.872 Current assets Slo¢ks Debtors Investments held as cur￿n1 assets Cash 8t bank and in hand Bl 12 82 13 83 4,134 29 27.033 159.212 2.551 27.033 102.611 Total current a5sats 190.408 132.195 Credltors: amounts falllng due wlthln one year 14 C1 1,974 12,868 Not currgrht 8558ts 188.434 129,327 The total net assets of the charlty 191.918 137.199 The total net assets of the charity are funded by the funds of the charity. as follows'.- Restricted funds Restricted Revenue Funds 21 D2 6,298 11.065 6,298 11,1￿5 Unre$tri¢ted Funds Unrestrfcted Revenue Funds 21 D3 185.618 126,133 185,818 126.133 Designated Funds Total chartty funds 191.916 137.198 The'SORP Ref indicated above Is Ihe classification of Balance Sheet items as set out in the form21 SORP docurnents. As required by paragraph 4.60 of the SORP, the brought foTrvard and c8rried fO￿ard funds above have been agreed to the SOFA.. Tenby Museum and Art Gallery- Balance Sheet as at 31 December 2020 The Trustees acknowledge the¢r responsibilffji es for comptying wrth the requirements of charity ￿giSLation ￿￿th respect to accounting records and the preparation of accounts. The charity 1$ subject to Independent EKamlnation wder chaity legislatioTr, and the report of thè Independ￿t Examiner is on page 11. The Trustees are satisfied Ihat, although the charty is not registered under the CoTnpanies Acts. il it were so registered, it would be eliqible to prepare accounts in accordan￿ with the provisions in Part 15 of the Companies Act 20(￿. applicable to cornpanie5 $ubjecl lo the srnall Cl￿PanIES regime. Nal Alan Bradley Westemian Secretary Michael Williams Chair Approved by the board of tntstees 31 May 2021 The notes attach¢d on pag*s 19 to 20 lomi an Integral part of these accounts. Tenby Mus•um & Art Gallery Notes to thè Accounts for the year ended 31 December 2020 1 Ac¢ounllng policies Policies r8laUng to thepmductlon of the accounts. Basis of preparatlorb and aGrountlng Conventioii Thg accounts have b￿￿ prepared on the acciuals basi4. under the hisloriral costwnvention, and In accordance ￿th the Financial Reporting Standard 102, leffeclive 1st January 20161 and'FRS 102 SORP (Slalement of Recommended Practice for Accounting and Reporting by Chanliesl 2015, las amended by the Bulletin issued in Oclaber 2018 and appllcable to all accounting periods beginnin9 on orafter 1s1 Janvary 20191, IThE SORPI, published by the Charity Commission in England & Wales ICCEWI . ettectivo January 2016. and in atxoidance with all applicab￿ law in the charfvs jurisdict￿￿ of regislralion. exwi that the tha￿tY has prepared the finanual statements in atcordance with the FRS 102 SORP Islatemenl of Rec￿mended Practice forAttounting and Repothng by Charities) 2015, la$ amended by the Bulletin issued in Octc08r 2018 and applicable 10 all accounting periud5 beginn￿9 on or after 1st January 20191, (The SORPI. in Preferen￿ lo the prewou5 SORP, the SORP 2(KJ5, which has beert Yéilhdravm, noN¥ithslanding the fact that the extant statutory regulations. the Charities IAEcounls and Reports) Regulalion5 2Q08 referexpI￿￿Y lo the SORP 2005. This has been ¢Jone to accord wilh curtent best piactKe. Golng Concem The charitable acti¥llies are enlirety dependent an ￿ntInuIng giant aid aTrd vduntory donatiorts as w81188 trading revenues. As a consequenee. the going concern b8sus 15 dependenl on the futu￿ flow of these uncertain funding slre8ms. Accordingly, the Trustee5 have obtained foracasts and, after revvèwng ltte finan¢¥al forEC8sls the Trustees are 5Jlisfied that. at the tiffle of approving the financial ststements, it is appropriate lo adoptthe going Gon(*m basi5 in preparing the finanoal statements. Olher than these matters. the Trustees are not aware of any mawnal uncertainites boutthe charrfLy'5 abiltyto as B gtsng concern. R18k8 and futur¢ a5SUrnPtions The tharty is a PU￿1¢ benefitentty. Pollcles relating to ¢at•yorfes olincome andincome recognition. Nature of income Gross incorne repre9enls the valu< net ofv8lue added tsx and discounts. of9t￿$ prowded to tyjstomers andwork C*ri8d out In respect of Se[v￿8$ provided IL¥ fJJStomers. Catsgorl95 of Income Income is calegorised as inccrne fvam exchawe Iransaclions Iconltact incornel artd incoTe from non¢xchange Iransaciions Igiftsl. inveslmenl income and other incorre_ Incom&from exGh•Ago transa¢Uon5 is received by the charity for good$ or seT¥ice5 supplk8d under contract orwher enbuemenl is Subject ta fulfilliw performance related condltions. The incom• Ihe charity recewes is approximately equal In value to the geods or services supplied by the tharty to the purchaser. Ir￿D￿e from a non4xchange transaetlon 15 where the charity recaive5 value from the dOnOr￿thOUt providing equal Wa￿e in exchange. and includes donation5 of money, goods and $￿CeS freely gN8n wilhDut giving equal value in exchange. Income recogn1￿0￿ Income, wheih8r from exchange or non exthange ttansaclions. 1$ raccgni5Ed In tha statement offinancial actlvilK95 ISOFAI on 8 receiv8ble basls, when a transactlon or other event resu115 in an incFea5e in the charity's assets or • reduC￿On in it5 liabilities and only when the Charity has18gal enlilLement, the inEomE Is Probable and can be measured rdiobly. Di¥pSend5 are accrued when the $harehok1erf5 IvJht io receive payment Is e5tsbllsh8d. Incorne subject to tems and cofjditson5 which mv5t ￿ met tefore Ihe charity 15 entitled to the r¢sources is not recognised until the condllions have been rnet. All income 1$ )¢count8d lor gr05$. before deducting any related fees or costs. Tenby Museum & Art Gallery Notes to th• Accounts for the year ended 31 December 2020 meMbe￿￿1P subscrlpuons The income 8rnd ajy 0550¢iated Grfl Ahy orolhert8x refund from a memb8rshSp wbxriplion re￿IVed by the charily in lh2 nature af o gift. is 8ceounled for on the same basls as a Oonalion. The income from 8 membership subscriplknn received by the tharfty where ihe subscrfption Pufchases the rbm to services ur benefits ts recoynised as income frorn charitable aclivilies. Policies relating to èxpondifvre on goods andservices provided tg the clmrity. Reco9nltlon of llabl1ld￿ and expendiiurè A Iiabilily. and Ihe refaled e%peThdilure, 15 recognised when a legal or can$lructNe obligation exlsts as a result of a pèst e￿￿1, and when it is fnore likely Ihan not that a transfer of economic benefits will be required in settkmenl. aod when the arrrfjunl of the obligation cun be measured or reliabty estwated.. Liabirlt￿S arfsing frem fvture fundlro wmrnittnents and conslruclive obligalh?n5, inckndiry perfomionce related gRnls. where the timing or the amount ol the future expenditure reqUI￿d to settk the obligation are un￿rtaIn. give rise lo a provision in the accounts, which 15 reviewed al the acts)unling yearend. The p￿￿$[On Is Incre85ed to reflect ary IrKrea5es ¢n liabilitie5. and 15 decreased by the ulilisalion of any provision vAlhin the period. and teversed rfany prow$i is no longar rffjuired. These movements are charged or credfted lo the respective lunds and 8cINIl￿S to Y4hith the PIQV15ion relate5. AIIoc4tlng ro5ts tts aGtivitiaS Direct costs that are speafically related to an aci(vlty are allocated bi that aclwity. Shar•J direrl casts and supportC05ts are apportioned beNveen adivitie$. The basL% for appoTdonmen( which consistently applrdd, and proportlonale lo the circumstances, is:_ staffing- on the basis of lime spent in conr*cth)n *ilh any particular aciknty. staffing- On a percapts ba515, based on the number of of people employed within any partiular acbwty. PremSses related costs- on Ihe proportion Of floor area occupied by a partiuLgr activity. Non speGIfi¢ 5UPPQrt ¢0sts- on the basls ofihe u5aye of resources, In tems of bme tth, capaaly used, request rnade or other measures Estlmatlon t8chnlqu8s us8d in apportlDning 0)sls-gi¥e details Volunteers In accordance with the SORP, and in recognition of the difficulties in placing a monetaryvalue on the Gontrbuiion from volunteers, the contribution of vO￿nte0rS Is not Included within the income olthe charity. However. the Itustees value the srgnific8nt cortribution made lo the activit￿5 of the chafty by unp8hl voluntsers antt tNs is ¢escllb8d more fully in NolelS. Pollcles relatlng to 8ssets, Ilabllltles andprovlsions andoih•rmatt¢rs. T￿n￿blE ffxedassets T8ngible fixed asse15 are rneasuied at Ih81r oiiginal cost va5ue. Dr subsequent revaluation. or rf&Jnated, as de5¢Y￿ed above. Cost V31ue intjudes all ￿818 expended In brlnying tha assel into its intended working condition. Depieciatien has been prowded al the foll05y￿9 rateg in older to write olf the ass¢ts to their anlicF)ated residual value over Iheire5tinated useful Iiv9S. Leasehold premises PL8nl and machinery OffKe equipment 5 % 51raight lin8 10%- 20 % straighi line 20 % reduclng balance A regular annual re¥￿W of the likeliho(xl of asset imp*mienl 15 undertaken. Tenby Museum & Art Gallery Note$ to the Accounts for the year 8nded 31 December 2020 Stocks and wprk In wow5$ stod( is valued atthe Iwrofco5t and nEI rel15a￿e value. Debtors Debtors are measu￿￿ at theiT R(x)verabk amounts 81 the balance sheetd8t& Flnanclal Insfryrnents Incluthng Cash and bank balances Cash heky by the charity is induded at the amount arttsauy held 8nd counted at the yearend. Bank balance& whtherln credt or ove￿ra￿￿, afe shown at the arnounls properfy rec0nry￿d lo the bank statements. PensirMI8- defined conlribuuon scheffles The tharity operates a defined conlrftjution pension Sch￿8. Contributions are charged to the wofil and loss account 85 they beceme p8Y8bl8 In aC￿l￿an￿wIth thg rufe5 of thp schÈme. Fund Accounting UnreSi￿(*d fund5 are availablefur us& at thedl8cret￿n olthe trustees in fvrtherant* ol th? ge￿ra1 objectives of the cfvarty. ThBre a￿ no endowmfnl fvods. 2 Llablllty to taxatlon The Twslees cwsider thal the Charity satisf￿5 Ihe tests sel out in Para9raph 1 Sthedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accwdlngly. Ihe Char￿yES potentially exempt from taxatton In respecl of income or Gapthal gair6 reGeived wthin ￿tegorieS covered by chapter 3 part 11 of the Corporation Tax Act 2010 or 256 of the Tax8tr¢Jn of chargeab￿ Gains Act 1992, to the extent that such hicome or gains are applied exC￿$¢ve1Y on the spe¢ifi¢ charitable objects of the chaiity and for other purpos?. Valve Added Tax 15 not recoverab￿ by the charity. and is tr*refrJr• included in the le￿afit costs in the Staternent of Finanaal AGtivilEs. 3 Winding up or dissolution of the eharity If winding up or di55olutson of Ih8 cha￿ty there remakn any assgts. after the satisfacticn of all debts and liabiliti8S, the assets represented by th? accumulatsd fijnd shall ￿ ¢ransferr¢d ro some other chanlat4e body or bodies hovlng similar objects lo the tharity. 4 Significance of financlal instFumènts to the eharlty's posltlon The Chaify is rtot ￿lIant ort the financlal instrum￿157 I in¥e$ts and ha5 suffi¢*nt cash ￿erVeS lo fund operating aclwities. 5 Net surplus before tax In the Itnanclal year 2020 2019 The net surplus before tax in the finan￿81 year 15 51aled aftoreharging... Depreclalion ofowned flKed asse15 6.825 3,927 6 Salary costs and émoluments 2020 2019 Gmss Salar*s exduding trustees and key rnanayfjrnent PW50MÉI 51.666 54,587 Total $alarl88, wago8 an¢J relatsd costs 51,666 54,587 Tenby Museum & Art Gallery Notes to the Accounts for the year ended 31 D8cgmber 2020 NUn￿er5 of full Irrne employees orfvil lime eqtsivalents 2020 2019 Th8 a￿rage ftumb8r of lolal staffemployed in the y8arwas The average number of part lime staff employed n the yearwas The average ntstnber of fvll litne stattemployed In the year w35 The e5fyrnaled fvll tirne eouivalenl numberof all 51alf empbyed in ttte yearwas 7h• estlmal8d equlvalengnumberof full tlmo de￿OYed1rt dlfferwJta¢Uvl￿eS1n theyeor was... Engaged on Charitable aGIMties Engaged on rftanagement and adminislTalknn The estimatedfvll tirne equwalentnun¥btrof allsl8ff employed8s ebove Neither the trustees norany persons coThneded with t￿rn have rerywed any rernunerat￿n fiom the charity orany related entity. either in Ihe current or wioryear. 7 Defined contrtbutlon penslon scheme5 Any liabtlrtes 8nd assets assouated the sch*T￿ are $hts￿ urvjer debtors and cred*us. 8 Remuneratlon and payments to Trustee5 8nd persons Connected with them No tntstees or persons connected with th8m received any remuneratson from Ihe tharity. tsrany ￿lated entrty. 9 Herltsge assets not Included In the accounts The Museum also owns 8 conSid￿able nuThbef of heritage assets whlch have been excluded from the balall￿ shetrt as reliable cost infornialion orwdlvalions are not av8rfable. These include ethl)i15. Wort5 of art and historic reocrds. The purchase of such assets by IheAcces$ion Fund a￿ vxilten off as incurred and are not caprtalised. 10 Tangible fl¥ed assets Leasehold Improvem¢nt Curr8nt Year Plant & Machlnery Office equipment Totsl Cost Al 1 January 2020 Ad(tthon5 20,339 164.617 184,956 2,437 2.437 At 31 D8cembor 2020 20.339 164,617 2.437 167.393 Depreclatlon At 1 January 2020 Charge for the yaar 18.210 1.017 158.874 5,507 177.084 6,825 301 At 31 D•¢¢mbor 2020 19,227 164.381 301 183,909 Net book valuo At 31 Dtcembèr 2020 1.172 236 2,136 3.484 At 31 December 2019 2.129 5,743 7.872 Tenby Musgum & Art Gallery Note$ to the Aecounts for the year ended 310ecember 2020 11 Stock8 & Wovk in Progress 2020 2019 stocks befere wrfte dw)s 4.134 2,551 4.134 2,551 Workln Progress 2020 2019 Stocks 2020 2019 Acllvlty Fundralsing act￿￿e% 4.134 2.551 4.134 1551 12 Debtots 2020 2019 Prepa￿ents and accrued Income 29 29 13 Investments held as currentassets at marketvalue 8t 31 December 2019 2020 2019 Otherinvestrnents 27.033 27.033 14 Credltots: amounts falllng duè wlthin on• yoar 2019 2018 Trade CFedilo AecruaL8 PAYE. NIC VAT and olhwtax88 1,053 540 381 2.098 378 392 1,974 2,B68 16 Loans to trustees Included In debtors There were no kans Ill Ihe report￿9 pertod orthe precedSng perfod 16 Guarantees made by the ¢harity on behalf of trustees The no guarantees made In Ihe period or Ihe pieceeding pprK>d. 17 Income and Exp8ndlture a¢¢ounl surnmary 2020 2019 At 1 January 2020 Tiansfars In lar the year Prk?r year adjuslmenls Al l January 2020 Surplus after tax the year GiftAid donaltiins made 137,198 143.699 137,198 54,718 143,699 16.5011 At 31 Decembtrr 2020 191.916 137.198 Tenby Museum & Art Gallery Notes to the Accounts for the year ended 31 Decembgr 2020 18 Post balance sheet events Foll0v￿￿9 the dale ofthese accounts a global p3ndemiccaused by cov1￿19 césued a a contin￿d UKWide Loc*down. losure of the Mu$eum and It having lo cease many of ifs charitable events. The Museum ck)5ed as of March 2020 and h c105ed lo date. As suth typ￿al revenuès frorn adrni$$ions anij shop incorne Ylere hatted. butaff5etfrom various govemmE includiThJ the Job Rel8ntion Scherne lo pay ¥laff. As at the dai8 of signing the accounts, Ihe Sluation 15 still On￿￿ng in tb finanaal eff¢k* of Ihls ￿ ￿rrentlY unknovl 19 Related party transa￿[0￿$ ThereM*re no related partytransactions to rwortthin the year. 20 Particulars of how particularlunds are repr•5ented by assets and liablllti85 At 31 D8cemtJer2020 Unrvdtithd 0è9Jgnated fvnds funds RestsSrtsO TOI Fun fvnd Tangible Fixed A58ets CurrenlAssets Current Liabiliti8s 3.484 190,408 11.9741 184.110 11.9741 165.620 191,918 At l January 2020 Unrestrf¢Led nd6 Des19nQted R•51rlctsd lunds funds Total Fund6 Tary1b￿ Fwed ￿$818 Currant Asse15 Current Liablibes 7,872 121.130 P,8681 7.872 132,195 12,8681 11.Cfj5 126,134 11.085 137.199 21 Change in total funds over tho as 5h¢)wn In Note 20 , analysed by Indlvldual fund$ Funds broughl Movementln TrnD91erG iorw4wd frorn In 2Q2D bEfvRen 2019 f￿d5 in %20 Funds¢ath• rw•rdto 2021 Sv• 1knts22 Unrestricledanddoslgna¢edfunds:_ Lknr85tricted Revenue Funds 126,133 59.485 18&618 Total unre5trfctsd and d¢slgnated ftsnds 126,133 59.4B5 185,618 Re5tr1¢iéd fvnds... Tenby Story 11,065 14,7671 6.298 Totsl r8strfGted funds 11,066 14.7671 6.298 Tenby Museum & Art Gallery Notès to the Accounts for the year ended 31 December 2020 22 Analysis of mov8monts in funds over ¢Fte year a5 shown In No¢e 21 Incorn Galn5 & lo¥ernent Los%s in lunda 20ZO 2020 20ZO Unrestrietedanddesignated fuftds.". Unrestrfcled Revenue Funds 144,785 185.3001 59.485 Restricted fund&- Tenby Slcry 14,76n 14.767) 144.785 190.067 54.718 23 Tho purposes for whS¢h the funfls Unrestrlctedand deslgnat6dfunds.". These funds are held for the meeting the objectives of the ch8tity. and to provide iesefve5 for future 2¢tivities, and. Subject to charity legislation. are freefrom all ￿t￿¢t￿n$ on Iheiru5e. Thls fund represents Ihe unrestrided surplus 8ri5ing on the revaluat￿n of the charitV¥ assets. The purpose of these funds ts descdbed underthE accuunling policy 'Accounting for taplal grants and fixed aS5¢1 funds,. Unrestricted Revenue F￿d5 Unrestricted Revaluallon Reserye DesvJnated Fixed Asset Funds Restrfctsd ftsnds... Re51ricied Fixed A6set Funds The purpose ofthe52 tunds va de8uibed under the accouniing wlKy 'Atcounling for capilal grants and fixed asset funds,. This fund repFesenis the resliicted surplu5 arising Oll the revoluation of the tharitys ass81s. Reslilclod Revaluatioi Reserve 24 Ultlmate controlllng paty Thé charity is underthe control of it5 kgal membgts. Tenby Museum and Art Gallery Oetailed analys1$ of in¢ome and expenditure forthe year ended 31 Deeernber 2020 as required by th SORP 2015 Thls ?n31ysls Is classsilied by¢onventionalnominal descriptions and notbyactlvlty. 2S Donations, Grants and Lega¢ie$ C￿￿enty￿•r UniE8tri¢ted Fund5 Currentyewr Restrfctsd F￿ndS Curreniy4ar T¢)tsl Funds PfiorY•ar Total FU￿d5 2020 202Q 1019 Donations and yifts from individuals SrnHII donations indwKlually less than £1000 Refunds from HMRC on gfft ak1ed dwations 2.471 158 2,471 1S8 1239 3.163 Tolal donations and gifts from individuals 2,629 2.629 4.402 Donation5 and glfts from indNiduals Ilnclude HMRC r8lund$ on glftaldÈd donattonsl- Prloryearanalysls Prfoty￿r Unre$knCted Funds Prfor Y•ar Rrstficled F¥nds Prioryear Totsl Funds 2019 2019 Prloryear 4,402 4.402 Revenue grants fmm govqrnment and publie bodles ¢yrrqntyear vth¥estrfjc*d Fund 2020 cwrqntyear R4SithCt•d Fund$ 212 Currtrttyear Total Funds Prforyear Tot81 Fund6 2020 2019 Rev￿Ue grants from go¥8rnmerst and public bodie5 p.c.c 41,400 41,400 34.641 Welsh Government 62.034 2,3CIJ Total publlc sector menue grants 103.434 103,434 36,941 Tenby Museum and Art Gallery Detsiled analysis ol income and expenditure forthe year ended 31 D￿0Mber 2020 as required by the SORP 2015 Revenue grarts and donations frorn non publi¢ bodles Cvrr•nty•ar Unrestrfcted Funds 2020 Cuwren¢y•ar RÈstriCted Funds Curr•ntyear Total Fundg PriarY•ar Total Fund$ 2020 Z020 2019 Revgnue grants and donations from Don publlc bodles Small grants individualty less than £1000 320 320 8,710 A550ciation ol Independent Muse¢JTrs 7.702 1.702 1.450 Sthools of Exhlbllkn 1.400 Elite 11,088 11.08B Federabon of Museums 2,000 ioou Valero 2,500 Pernbr•ke$hire Coast 9.300 9.300 Total pFiv#t¢ se¢tor revenue grants 32.910 32,910 12.680 Total Donations. Grants and Legacies ilr*reStriCted Funds RestrictBd Funds CurrentYe•r Totsl Fun Prlor Year Totsl Funds Currentyear 2020 2020 2019 Total Donations. Grants and Lega¢ie$ A1 138.973 138.973 $4,023 26 Income from chartiable a¢tlvSties- TTadiny Activities Curr8ntyear Cutt4ntyear Vnrestr4Cted Funds CurrentY￿r Totsl Fwnds Prioryear Total tUDd$ Fvnd$ 202Q 2020 2020 Prlmary purpose and ancillary trafllng Adrn155ion fee5- Exhibitions and 3,074 3,074 32,01Q Total Prlmary purp058 and anGilkiry tradlng 3,074 3.074 32.010 Tenby Museum and Art Gallery Detalled analysis of in¢om• and •xpenditur• for the year ended 31 December 2020 as requrred by the SORP 2015 27 Total Incorno froffl ¢harltabl8 acttvlttes Cyrien¢y•*r y￿re51n¢tea Funds Curr•ntyear Restri¢te Funds Currentyear Total FuTrd¥ Prloryear Currentyear Totsl Fundg 2020 2020 202 2U19 Totsl income from charitaNe trad￿9 3,074 3.074 32.010 Tot41 from charltable a¢t6v6tle5 3,074 3.074 32,010 28 Income from other, non charitable, tradlng actlvltles Curygnt yo•r unrnS￿thd Funds Curwn¢y•ar R*StFiCted Funds CuN4ftty•ar Prloryear Total Funds Tot41 FuTrdJ 2020 2020 2020 2a19 Incm from fundraising events Exhbition corTrmission income 1,940 1.291 1.291 6.889 Sa*s- publl¢aOons 1,236 1.236 12.031 Total from other8¢￿VItIeS 2.527 2,527 20,860 29 Investment income rr¢ntyov unroStNethll Funds CuNentye&r Ilestrictoll Fund¥ Currentyear Total Funds Pfioi Year Totsi Fund$ 2020 1030 2020 2019 8ank Interest Receivab 211 211 324 rotal Investment Income 211 211 324 Tenby Museum and Art Gallery Detailed analysls of ineome and expenfllture forthe year ended 31 December 2020 as Aqulr•d by the SORP 2015 30 Expenditure on ¢harltable activities- Oirect spending Cufrentyear unr0Strt¢*ll Funds 2QZO Currentyear RoGtricigd Fund$ 2020 Cwrentyv4r PrforYeAr Toral Funds Total Funds CUrr￿t Year 2020 Z019 Gross wages and salaries- charitable activities Marketing and a¢Jvertising of charitable sèrvices Shop costs Exhibition expenses Opening stock Closing stock Professional lftdemnity insuran 51.666 51,660 54,587 1.271 1,277 3,284 494 1,418 1551 141341 4200 6.515 5.927 1.418 2,551 14.1341 4.200 4,595 Totsl dI￿¢t spendiny 82a $7,472 57.472 74,908 31 Support costs for charitable activitles ¢urrentyear Unre¥trfr Fund5 Curr@nty•ar RÈ9tncted Funds 2020 Curt*ntyear Prloryear Total Funu# Tot•J Fund$ Current Year 2020 2020 J19 Employee costs notincluded In dlrect Costs Premises Expenses se￿1￿ charges payable Rates and water charges Light heat and power Cleaning and waste management Prernises repairs. renewals and maintenance Security 50 498 6,107 876 50 50 260 7.263 468 6.107 876 1.088 1.086 1,654 9QO 900 1,524 Administrative overheéds Telephone, lax and intemet Postage Stationery and printing Membership subscriptions Sundry expenses Equlpment,rep81rs.8xpens•s and malnlenance Staff training Hospitality 1.oeB 50Q 4.517 20 1.088 soo 4.517 20 128 7,079 90 65 533 393 480 Professional lees paid to adwsors other than the auditor orèxamln•r Accountancy lees other than exarnination or audil fee8 4,560 Consultancy fees Other le9al and professional 4560 3.123 2,475 1,202 2.475 1.202 925 900 Tgnby Museum and Art Gallery Detailed analy81¥ of in¢gme and expenditure forthe year ended 31 December 2020 as requlrèd by the SORP 2015 Financial costs Bank Charges D8pr8ciation & Arnorti5atK)n in total for 624 2.058 1,382 3.927 4,767 Q825 Support costs before reallocation 27.om 4787 31.811 31.459 Totsl supporieosts- Currentyear 27.IM4 4767 31.811 31.4S9 32 Total Charitable expendtture Cyrr•nty￿r unrestrt£ Funds Currertyear estrideo Fund 2020 ¢urrentyowr PlltstY•at Tdtsi Fund5 Totsl Funts Curnent Year 202Q 2020 )19 Total direct spendlng Total support costs Total Govemance cost5 B2a B2d 82e 57,472 57,472 31.811 510 74.908 31A55 378 4.767 570 Totaj charitable expendltur& 82 85.026 4.767 89.793 106.745