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||||Pages|
|---|---|---|---|
|Trustees'|annual<br>report||1to5|
|Independent<br>examiner's<br>report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements|9to 19|





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|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<br>Williams||ACA|DChA||||
|||||Thomas Westcott||Chartered||Accountants|||
|||||47 Boutport Street|||||||
|||||Barnstaple|||||||
|||||Devon|||||||
|||||EX31 1SQ|||||||





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|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<br>and legacies||||31,276|25,405|56,681|40,919|
|Charitable<br>activities||||328||328|7,637|
|Other trading<br>activities||||412||412||
|Other income||||932||932|1,535|
|Total income||||32,948|25,405|58,353|50,091|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Costs of raising donations||and||||||
|legacies|||8|332|54|386|1,822|
|Expenditure<br>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<br>offunds||||||||
|Total funds brought<br>forward||||65,042|56,768|121,810|120,798|
|Total funds carried forward||||55,916|76,295|132,211|121,810|





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|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<br>funds||||||76,295|56,768|
|Unrestricted|funds|||||55,916|65,042|
|Total charity|funds||||22|132,211|121,810|





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|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|





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|5.|Charitable<br>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<br>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|





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|Expenditure|on charitab|le<br>activities<br>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|



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||||||||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<br>F|Total 2020<br>f|Total 2019<br>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<br>Independent<br>examination<br>of the|||||examiner for:<br> financial statements|||600|600|





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|||||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<br>and accrued income||170||





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|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<br>deferred<br>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<br>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<br>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<br>Specific Projects|8,907||(3,623)||5,284|
||61,520|44,427|(42,018)|1,113|65,042|





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|Restricted<br>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|





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|Analysis ofcharita|ble<br>f|unds<br>(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<br>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<br>- Costume|||||||
|refurb|||3,033|(3,033)|||
|Listening<br>post|||350|(350)|||
|ITC Palmer|||700|(700)|||
|||59,278|5,664|(7,061)|(1,113)|56,768|





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|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|



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