| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1to5 | |
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements | 9to 19 |
| Registered | Registered | charity | name | The llfracombe | Museum | Museum | Trust | Trust | CIO | |
|---|---|---|---|---|---|---|---|---|---|---|
| Charity | registration | number | 1169969 | |||||||
| Principal | office | The llfracombe | Museum | |||||||
| Wilder Road | ||||||||||
| llfracombe | ||||||||||
| Devon | ||||||||||
| EX34 8AF | ||||||||||
| The trustees | BGear | (Resigned | 17July 2020) | |||||||
| J Dendle | ||||||||||
| J Kiley | (Resigned | 20 October 2020) | ||||||||
| J Monger | ||||||||||
| K Farndell | ||||||||||
| N Mollart | ||||||||||
| P Carpenter | ||||||||||
| SCarpenter | ||||||||||
| S Humphreyson | ||||||||||
| V Gates | (Appointed | 8 May 2020) | ||||||||
| V Jephcote | ||||||||||
| Independent | examiner | Catherine Williams |
ACA | DChA | ||||||
| Thomas Westcott | Chartered | Accountants | ||||||||
| 47 Boutport Street | ||||||||||
| Barnstaple | ||||||||||
| Devon | ||||||||||
| EX31 1SQ |
| Year ended 31 Dece | mber | 20 | 20 | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Tota I funds | Total funds | ||||
| Note | E | E | E | ||||
| Income and endowments | |||||||
| Donations and legacies |
31,276 | 25,405 | 56,681 | 40,919 | |||
| Charitable activities |
328 | 328 | 7,637 | ||||
| Other trading activities |
412 | 412 | |||||
| Other income | 932 | 932 | 1,535 | ||||
| Total income | 32,948 | 25,405 | 58,353 | 50,091 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of raising donations | and | ||||||
| legacies | 8 | 332 | 54 | 386 | 1,822 | ||
| Expenditure on charitable |
activities | 9,10 | 41,742 | 5,824 | 47,566 | 47,257 | |
| Total expenditure | 42,074 | 5,878 | 47,952 | 49,079 | |||
| Net income and net movement | in | funds | (9,126) | 19,527 | 10,401 | 1,012 | |
| Reconciliation offunds |
|||||||
| Total funds brought forward |
65,042 | 56,768 | 121,810 | 120,798 | |||
| Total funds carried forward | 55,916 | 76,295 | 132,211 | 121,810 |
| 31 Decemb | er | 20 | 20 | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Note | F | E | |||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 4,860 | 9,161 | ||||
| Current assets | |||||||
| Stocks | 17 | 3,552 | 2,550 | ||||
| Debtors | 18 | 170 | |||||
| Cash at bank | and | in | hand | 124,229 | 112,724 | ||
| 127,951 | 115,274 | ||||||
| Creditors: amounts | falling | due within one year | 19 | 600 | 2,625 | ||
| Net current | assets | 127,351 | 112,649 | ||||
| Total assets | less | current | liabilities | 132,211 | 121,810 | ||
| Net assets | 132,211 | 121,810 | |||||
| Funds ofthe charity | |||||||
| Restricted funds |
76,295 | 56,768 | |||||
| Unrestricted | funds | 55,916 | 65,042 | ||||
| Total charity | funds | 22 | 132,211 | 121,810 |
| Donations | and | legacies | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| E | E | ||||
| Donations | |||||
| Admission | fees | 738 | 738 | ||
| Donations | 597 | 597 | |||
| Grants | |||||
| Grants receivable | 14,799 | 25,405 | 40,204 | ||
| Grants released | from deferred | ||||
| Government | grant income | 15,142 | 15,142 | ||
| 31,276 | 25,405 | 56,681 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| E | E | F | |||
| Donations | |||||
| Admission | fees | 29,303 | 29,303 | ||
| Donations | 5,229 | 481 | 5,710 | ||
| Grants | |||||
| Grants receivable | 5,183 | 5,183 | |||
| Grants released | from deferred | 723 | 723 | ||
| Government | grant income | ||||
| 35,255 | 5,664 | 40,919 |
| 5. | Charitable a |
c | tivities | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2020 | Funds | 2019 | |||||
| E | ||||||||
| Shop income | 328 | 328 | 7,637 | 7,637 | ||||
| 6. | Other trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2020 | Funds | 2019 | |||||
| F | ||||||||
| Fundraising | events | 412 | 412 | |||||
| 7. | Other income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2020 | Funds | 2019 | |||||
| E | F | E | ||||||
| Other income | - special activities | 186 | 186 | 831 | 831 | |||
| Friends subscriptions | 746 | 746 | 704 | 704 | ||||
| 932 | 932 | 1,535 | 1,535 | |||||
| 8. | Costs of raising donations | and | legacies |
| Costs | of raising donations and |
legacies | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2020 | |||
| E | |||||
| Shop | costs | 332 | 54 | 386 | |
| Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2019 | |||
| E | E | ||||
| Shop | costs | 1,822 | 1,822 |
| Expenditure | on charitab | le activities by f |
und type | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| F | |||||
| Museum | 37,519 | 5,824 | 43,343 | ||
| Designated | fund - Lundy | room | 3,623 | 3,623 | |
| Support costs | 600 | 600 | |||
| 41,742 | 5,824 | 47,566 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| F | F | F | |||
| Museum | 35,203 | 7,061 | 42,264 | ||
| Designated | fund - Lundy | room | 3,623 | 3,623 | |
| Support costs | 1,370 | 1,370 | |||
| 40,196 | 7,061 | 47,257 |
| Activities | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||||||
| directly | Support costs | 2020 | 2019 | |||||||
| F | F | F | ||||||||
| Museum | 43,343 | 43,343 | 42,264 | |||||||
| Designated | fund - Lundy | room | 3,623 | 3,623 | 3,623 | |||||
| Governance | costs | 600 | 600 | 1,370 | ||||||
| 46,966 | 600 | 47,566 | 47,257 | |||||||
| 11. | Analysis ofsupport costs | |||||||||
| Charitable | ||||||||||
| activities F |
Total 2020 f |
Total 2019 E |
||||||||
| Finance costs | 600 | 600 | 1,370 | |||||||
| 12. | Net income | |||||||||
| Net income | is | stated after | charging/(crediting): | |||||||
| 2020 | 2019 | |||||||||
| F | ||||||||||
| Depreciation | of tangible | fixed assets | 4,751 | 5,399 | ||||||
| 13. | Independent | examination | fees | |||||||
| 2020 | 2019 | |||||||||
| F | ||||||||||
| Fees payable to the independent Independent examination of the |
examiner for: financial statements |
600 | 600 |
| Cases, heat | |||||
|---|---|---|---|---|---|
| Fixtures and | and light | ||||
| fittings | system | Total | |||
| E | F | F | |||
| Cost | |||||
| At 1 January 2020 | 175 | 19,794 | 19,969 | ||
| Additions | 450 | 450 | |||
| At 31 December 2020 | 625 | 19,794 | 20,419 | ||
| Depreciation | |||||
| At 1 January 2020 | 144 | 10,664 | 10,808 | ||
| Charge | for the year | 144 | 4,607 | 4,751 | |
| At 31 December 2020 | 288 | 15,271 | 15,559 | ||
| Carrying | amount | ||||
| At 31 December 2020 | 337 | 4,523 | 4,860 | ||
| At 31 December 2019 | 31 | 9,130 | 9,161 | ||
| 17. | Stocks | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| Finished | goods | 3,552 | 2,550 | ||
| 18. | Debtors | ||||
| 2020 | 2019 | ||||
| F | |||||
| Prepaym | ents and accrued income |
170 |
| 19. | Creditors: amounts | Creditors: amounts | falling due within | falling due within | falling due within | one year | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| F | F | |||||||||
| Accruals and | deferred | income | 600 | 2,625 | ||||||
| 20. | Deferred income | |||||||||
| 2020 | 2019 | |||||||||
| F | F | |||||||||
| At 1 January | 2020 | 723 | ||||||||
| Amount deferred in year |
(723) | |||||||||
| At 31 December 2020 | ||||||||||
| 21. | Government | grants | ||||||||
| The amounts | recognised | in the financial | statements | for government | grants are as follows: | |||||
| 2020 | 2019 | |||||||||
| F | F | |||||||||
| Recognised | in income | from donations | and legacies: | |||||||
| Government | grants income | 15,142 | ||||||||
| 22. | Analysis of | charitable | funds | |||||||
| Unrestricted | funds |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At 31 | |||||
| At 1 January | December | ||||
| 2020 | Income | Expenditure | Transfers | 2020 | |
| E | F | F | F | F | |
| General funds | 59,758 | 32,948 | (38,451) | 54,255 | |
| Lundy Room and Specific Projects |
5,284 | (3,623) | 1,661 | ||
| 65,042 | 32,948 | (42,074) | 55,916 | ||
| At 31 | |||||
| At 1 January | December | ||||
| 2019 | Income | Expenditure | Transfers | 2019 | |
| F | F | F | F | ||
| General funds | 52,613 | 44,427 | (38,395) | 1,113 | 59,758 |
| Lundy Room and Specific Projects |
8,907 | (3,623) | 5,284 | ||
| 61,520 | 44,427 | (42,018) | 1,113 | 65,042 |
| Restricted funds |
||||||
|---|---|---|---|---|---|---|
| At 31 | ||||||
| At 1 January | December | |||||
| 2020 | income | Expenditure | Transfers | 2020 | ||
| F | E | E | F | F | ||
| Bid Writing Cost | 2,000 | 2,000 | ||||
| Rotary Interpretation | ||||||
| Boards | 334 | 334 | ||||
| Bookshop Railway | ||||||
| Display | 54 | (54) | ||||
| 210k Appeal | 5,026 | (1,618) | 3,408 | |||
| Co-op Community | Fund | 1,566 | (1,566) | |||
| Bookshop Mannequins | 500 | 500 | ||||
| Electricity | 14,682 | (1,136) | 13,546 | |||
| Friends Bank | 1,942 | 1,942 | ||||
| Building | 30,664 | 30,664 | ||||
| Stay Curious | 25,405 | (1,504) | 23,901 | |||
| 56,768 | 25,405 | (5,878) | 76,295 |
| Analysis ofcharita | ble f |
unds (continued) |
||||
|---|---|---|---|---|---|---|
| At 31 | ||||||
| At 1 January | December | |||||
| 2019 | Income | Expenditure | Transfers | 2019 | ||
| E | E | F | F | E | ||
| Bid Writing Cost | 2,000 | 2,000 | ||||
| Rotary Interpretation | ||||||
| Boards | 410 | (76) | 334 | |||
| Bookshop Railway | ||||||
| Display | 54 | 54 | ||||
| Compass Rotary |
||||||
| Lighting | 22 | (22) | ||||
| 210kAppeal | 4,945 | 81 | 5,026 | |||
| Co-op Community | Fund | 1,566 | 1,566 | |||
| Bookshop Mannequins | 500 | 500 | ||||
| Electricity | 15,867 | (1,185) | 14,682 | |||
| Friends Bank | 2,137 | (195) | 1,942 | |||
| John Woodcock | 613 | (613) | ||||
| Building | 30,664 | 30,664 | ||||
| Anne McEwan | 500 | (500) | ||||
| SG BI - Archive material | 500 | (500) | ||||
| AONB - Touchscreen | 1,000 | (1,000) | ||||
| Fullabrook - Costume |
||||||
| refurb | 3,033 | (3,033) | ||||
| Listening post |
350 | (350) | ||||
| ITC Palmer | 700 | (700) | ||||
| 59,278 | 5,664 | (7,061) | (1,113) | 56,768 |
| Analysis ofnet as | se | ts between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| F | |||||
| Tangible fixed assets | 4,860 | 4,860 | |||
| Current Assets | 51,656 | 76,295 | 127,951 | ||
| Creditors less than | 1 | year | (600) | (600) | |
| Net assets | 55,916 | 76,295 | 132,211 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| F | E | E | |||
| Tangible fixed assets | 9,161 | 9,161 | |||
| Current Assets | 56,612 | 56,768 | 113,380 | ||
| Creditors less than | 1 | year | (2,624) | (2,624) | |
| Creditors greater than | 1 year | ||||
| Net assets | 63,149 | 56,768 | 119,917 |