2021-12-31-accounts - Tenby Museum And Art Gallery

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Name	Resigned	Appointed
Julia Evans		09/07/2021
Paul Diment		09/07/2021
Neil Alan Bradley Westerman	25/05/2021
Phillip Williams	25/05/2021

Statement ofFinan	cial A	cthritle	s for the year	ended 31Decemb	er 2021
			Current year Unrestricted	Current year Reatrtcted	Cunent year TotalFunda	Prior Year Total Funds
			Funda	Funda
			2021	2021	2021	2020
Income &Endowments	from:		6		F.	6
Donations &Legacies Charitable activities Other trading activities Investments		11 12 13 14	76,284 7,829 35,393 18		76,284 7,829 35393 18	138,973 3,074 2,527 211
Total Income			119,524		119,524	144,785
Expenditure on:
Raising funds			791		791	274
Charitable a iivities		17	100,400	72	100,472	89,793
Total expenditure			101,191	72	101+63	90,067
Net income forthe year			18,333	(72)	18,261	54,718
Net Income after transfers			18,333	P2)	't8,261	&,11K
Net movement in funds			18,333	P2)	18,261	54,718
Reconciliation offunds:-
Total funds brought forward		10	185,619	6,298	'l91+17	137,198
Total funds carried forward			203,952		210,178	191,916

			Prior Year		Prior Year
			Unrestricted	Restricted	Total Funds
			Funds	Funds
			2020	2020	2020
			6	6	6
Income &Endowments	from:
Donations &Legacies Charitable a tivities Other trading activities Investments		11 12 13 14	138,973 3,074 2,527 211		138,973 3,074 2,527 211
Total income			144,785		144,785
Expenditure on:
Raising funds Charitable activities			274 85,026	4,767	274 89,793
Total expenditure		17	05,300	4,767	90,057
Net Income forthe year			59,485	(4,767)	54,718
Transfers between funds
Net Income after transfers			59,485	(4767).	54,718
Reconciliation offunds:-
Total funds brought forward			126,133	11,065	137,198
Total funds carried forward			185,618	6,298	191,916

Accumulated	funds brought forward	funds brought forward	Unrestricted Funds 202'I 8 185,619	Restricted Funds 2021 8 6,298	Total Funds 2021 8 191,917	Last year Total Funds 2020 8 137,198
Recognised transfers	gains and	hsses before	18,333	r22)	18,261	54,718
			203,952		210,178	191,916
Closing revenue funds			202,092	6220	210110,	191,910
Summary	of funds		Unrestricted and Designated funds	Restricted Funds	Total Funds	Last Year Total Funds
			2021 8	2021 8	2021 8	2020 8
Revenue accumulated		funds	203,952	6,226	210,178	'l91,916
Total funds			2036l52	6,226	210,178	191,916

Income and Expenditu Companies Act 2006	re Acc	ount fo	r th	e year ended 31	December	2021as require	d by the
						2021	2020
						6
Income
Income from operations						119,397	144,416
Realised Gains on the disposal ofinvestments
Refunds from HMRC on gift	aided donations						158
Investment Income
Income from investments,	other than	interest	recehn&le
Interest receivable						18	211
Other operating income
Gross Income In the year	before exceptional		Items			119,524	144,785
Exceptional items:
Realised gains on disposals oftangible fixed			assets held forthe chant//s		own use
Realised gains on the disposal ofintangible assets
Gross Income in the year	Including	exceptional		Items		119,524	144,785
Expenditure
Charitable expenditure, excluding depreciation			and	amortlsation		96,985	82,458
Depreciation and amortisation						2,487	6,825
Fundraising costs						791	274
Governance costs						1,000	510
Total expenditure in the year						101,263	90,067
Extraordinary Items
Net income before tax in	the financial year					18,261	54,718
Tax on surplus on ordinary	activities
Net Income alter tax in the financial		year				18,261	54,718
Gift Aid donations made
Retained surplus for the financia year						18,261	54,718
All activities derive from	continuing	operations

			SORP
		Note	Ref	2021		2020
Fixed assets
Tangible assets				20,062		3,484
Current assets
Stocks				4,085	4,134
Debtors				628	29
Investments held as current assets				27,033	27,033
Cash at bank and in hand				154,968	159,212
Total current assets				186,714	190,408
Creditors: amounts	falling due within
one year				(2,929)	(1,974)
Net current assets				183,785		188,434
The total net assets	ofthe charity			210,178		191,918
The total net assets	ofthe charity are	funded	by the	funds ofthe charity, as follows:-
Restricted funds
Restricted Revenue	Funds	10		6,226	6,298
				6,226		6,298
Unrestricted Funds
Unrestricted Revenue Funds		10		203,952	185,619
				203,952		185,619
Designated Funds
Total charity funds				210,178		191,917

	Taxation	Taxation
	The charily is exempt from tax on its charitable		activities
2	Salary costs and emoluments				2021	2020
					6
	Gross Salaries exduding trustees and key	management		personnel	53,776	51,666
	Total salaries, wages and related costs				53,776	51,666
	Humbers offull time employees or full tfme		equivalents		2021	2020
	The average number oftotal staff employed	in	the year	was

Tangible fixed assets
Current Year	Leasehold lmprovemen ts	Plant 8 Machinery	ONce equipment	Total
	E
Cost
At 1 January 2021	20,339	164,617	2,437	187,393
Additions	9,752	6,676	2,638	19,066
At 31December 2021	30,051	~171 03	5075	200,,550
Depredation
At 1 January 2021	19,227	164,381	301	183,909
Charge for the year	1,223	286	979	2,488
At 31December 2021	20,450	164,667	1,280	186,397
Net book value
At 31 December 2021	9,641	6,626	3,795	20,062
At 31 December 2020	1,112	236	2,136	3,484

Notes to the Accounts	Notes to the Accounts	for	the	year ended 31December 2021	year ended 31December 2021
					6				6
Tangible Fixed Assets					3,484				3,484
Current Assets					184,110			6+98	190,408
Current Uabllltles					(1,974)				(1,974)
					185,620			6,298	191,918
					Funds brought	Movement	In	Transfers	Funds carried
					forward from	funds in 2021		between	forward to
					2020			funds in 2021	2022
Unrestricted and designated			funds:-
Unrestricted Revenue	Funds				185,619	18,333			203,952
Unrestricted Revaluation		Reserve
Designated Revenue Funds
Designated Fixed Asset		Funds
Total unrestricted and		designated		funds	185,619	18,333			203,952
Restricted funds:-
Tenby Story					11,065	(4,767)			6,298
Total restricted funds							(72)		6,226
Total charity funds					191,917	18,261			210,178

				Current year	Current year	Current year	Prior Year
				Unrestricted	Restricted	Total FunW	TotalFunds
				Funds	Funds
				2021	2021	2021	2020
				6	6		6
Donations	and	gifts from	Individuals
Small donations		individually	less than 21000	10+51		10~1	2,471
Refunds from HMRC on gilt			aided donations	109		109	158
Total donations individuals		and gifts	from	10+60		10,360	2,629

			Prior Year	Prior Year	Prior Year
			Unrestricted	Restricted	Total Funds
			Funds	Funds
			2020
Prior year			2,629		2,629
Revenue grants from government		and public bodies
			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds
			2021	2021	2021	2020
			6	6
Revenue grants from government		and
public bodies
P.C.C			26,400		26,400	41,400
Welsh Government			37,024		37,024	62,034
Total public sector revenue grants			63,424		63,424	103,434
Revenue grants and donations	from non public bodies
			Current year	Current year	Current year	Prior Year
			Unrestricted		Total Funds	Total Funds
			Funds	Funds
			2021	2021	2021	2020
			6	6	K
Revenue grants and donations		from
non public bodies

Small grants Individually	Small grants Individually	less than f1000			320
Association of	Independent	Museums			7,702
Schools ofExhibition
					11,088
Federation of	Museums				2,000
Valero					2,500
Pembroksshire	Coast		2,500	2,500	9,300
Total private	sector revenue grants		2,500	2,500	32,910

Total Donations,	Grants and Legacies
		Unrestricted	Restricted	Current Year	Pttor Year
		Funds	Funds	Total Funds	Total Funds
Cunenf year
		2021	2021	2021
Total Donations, Legacies	Grants and	76,284		76,284	138,973

					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	TotalFunds
					Funds	Funds
					2021	2021	2021	2020
					f	f	f	f
	Income from fundraising		events
	Exhibition commission	income			7,345		7,345	1,291
	Sales - publications						4,204	1+36
	Total from other activities				35,393		35,393	2,527
14	Investment income
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2021	2021	2021	2020
					f	f	f	f
	Bank Interest Receivable				18		18	211
	Total investment income				18		18	211
15	Expenditure on charitable			activities - Direct spending
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
	Current Year				Funds	Funds
					2021	2021	2021	2020
					f	f	f	f
	Gross wages and salaries acbvities			- charitable	53,776		53,776	51,666
	Marketing and advertising services			ofcharitable	2,149		2,149	1,277
	Conservation costs				4,292		4,292	494
	Exhibition expenses				1,371		1,371	1+18
	Opening stock				4,134		4,134	2,551
	Closing stock				(4,085)		(4,085)	(4,134)
	Professional Indemnity		insurance		4,307		4,307	4,200
	Total direct spending				65,944		65,944	57+72

Support costs for charitable	acttvttles	acttvttles
			Current	year	Current year	Current year	Prior Year
			Unrestricted		Restricted	Total Funds	Total Funds
Current Year			Funds		Funds
			2021		2021	2021	2020
			8		8	8	6
Employee costs notincluded		ln direct costs
Premises Expenses
Service charges payable				50		50	50
Rates and water charges				116		116	498
Light heat and power			2,293			2,293	6,107
Cleaning and waste management				614		614	876
Premises repairs, renewals and maintenance			1,416			1,416	1,088
Security				281		281	900
Administrative overheads
Telephone, fax and internet				908		908	1,088
Postage				290		290	500
Stationery and printing			5,066			5,066	4,517
Membership subscriptions				573		573	20
Sundry expenses				1		1	1
Equipment, repairs, expenses	and maintenance		3,006			3,006
Staff training
Hospitality
Professional fees paid to advisors other than the auditor				orexaminer
Accountancy fees other than examination or audit fees						4,281	4,560
Consultancy fees				8,475		8,475	2,475
Other legal and professional				2,827		2,827	1,202
Financial costs
Bank charges				844		844	624
Depredation &Amoriisation	in total for			2,415	72	2,487	6,825
Support costs before reallocation			33,456		72	33,528	31,811
Total support costs - Current		Year	33,456		72	33,528	31,811

			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	Total Funds	Total Funds
Current Year			Funds	Funds
			2021	2021	2021	2020
			6	6	6
Total direct spending			65,944		65,944	57,472
Total support	costs		33,456	72	33,528	31,811
Total Governance		costs	1,000		1,000	510
Total charitable	expenditure		100,400	72	100,472	89,793