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2021-12-31-accounts

			Pages
Trustees'	annual report		1to5
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	of financial	position
Notes to the financial		statements	9to 19

Registered	Registered	charity	name	The llfracombe	Museum	Museum	Trust	CIO
Charity	registration		number	1169969
Principal	office			The llfracombe	Museum
				Wilder Road
				llfracombe
				EX348AF
				Devon
The trustees				J Dendle
				J Monger
				K Farndell
				N Mollart
				P Carpenter
				SCarpenter
				S Humphreyson
				V Gates				(Resigned 25 October 2021)
				VJephcote				(Resigned 12September	2022)
Independent		examiner		Catherine Williams		ACA	DChA
				Westcotts
				47 Boutport Street
				Barnstaple
				Devon
				EX31 1SQ

Year ended 31 Dece	mber	202	1
					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	2	8	8	2
Income and endowments
Donations and legacies			4	31,467	2,823	34,290	56,681
Charitable activities			5	5,934		5,934	328
Other trading activities			6	325		325	412
Other income			7 .	2,100		2,100	932
Total income				39,826	2,823	42,649	58,353
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			8	3,640		3,640	386
Expenditure on charitable	activities		9,10	34,207	28,826	63,033	47,566
Total expenditure				37,847	28,826	66,673	47,952
Net (expenditure)/income				1,979	(26,003)	(24,024)	10,401
Transfers between funds				932	(932)
Net movement in funds				2,911	(26,935)	(24,024)	10,401
Reconciliation offunds
Total funds brought forward				55,916	76,295	132,211	121,810
Total funds carried forward				58,827	49,360	108,187	132,211

			2021	2020
		Note		2
Fixed assets
Tangible fixed assets		16	1,874	4,860
Current assets
Stocks		17	1,109	3,552
Debtors		18	353	170
Cash at bank and in	hand		105,551	124,229
			107,013	127,951
Creditors: amounts	falling due within one year	19	700	600
Net current assets			106,313	127,351
Total assets less current liabilities			108,187	132,211
Net assets			108,187	132,211
Funds ofthe charity Restricted funds			49,360	76,295
Unrestricted funds			58,827	55,916
Total charity funds		21	108,187	132,211

activities in Donations	which the initial gain was reco and legacies	gnised.
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
			2
Donations
Admission fees		17,223		17,223
Donations		3,775		3,775
Grants
Grants receivable		9,200	2,823	12,023
Government	grant income	1,269		1,269
		31,467	2,823	34,290
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
			2
Donations
Admission	fees	738		738
Donations		597		597
Grants
Grants receivable		14,799	25,405	40,204
Government	grant income	15,142		15,142
		31,276	25,405	56,681

		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2021	Funds		2020
				2	2		2
Shop	income	5,934		5,934	328		328

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds 2	2021 f	Funds	2020
Fundraising	events		325	325	412	412
Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
				2	2	2
Other income		—special activities	624	624	186	186
Friends subscriptions			1,476	1,476	746	746
			2,100	2,100	932	932

Unrestricted	Restricted	Total	Funds
Funds	Funds		2021
	2		9
3,640			3,640
Unrestricted	Restricted	Total	Funds
Funds	Funds		2020
	6
332	54		386

					Unrestricted	Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
							2	2
Museum					29,885		28,826	58,711
Designated	fund	- Lundy	room			3,622		3,622
Support costs						700		700
					34,207		28,826	63,033
					Unrestricted		Restricted	Total Funds
						Funds	Funds	2020
						2	2
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
Expenditure	on	charitable		activities by activity type
					Activities
					undertaken		Total funds	Total fund
					directly Support	costs	2021	2020
					2		9	2
Museum					58,711		58,711	43,343
Designated	fund	—Lundy	room		3,622		3,622	3,623
Governance	costs					700	700	600
					62,333	700	63,033	47,566

				Charitable
				activities	Total 2021	Total 2020
				2	2	2
	Finance costs			700	700	600
12.	Net (expenditure)/income
	Net (expenditure)/income		is stated after	charging/(crediting):
					2021	2020
					2	2
	Depreciation	oftangible	fixed assets		5,148	4,751

					2021	2020
Fees payable	to the independent		examiner for:
Independent	examination	of the	financial	statements	700	600

				Cases, heat
			Fixtures and	and light
			fittings	system	Total
				8
	Cost
	At 1 January 2021		625	19,794	20,419
	Additions		2,162		2,162
	At 31 December	2021	2,787	19,794	22,581
	Depreciation
	At 1 January 2021		288	15,271	15,559
	Charge for the year		625	4,523	5,148
	At 31 December	2021	913	19,794	20,707
	Carrying amount
	At 31 December	2021	1,874		1,874
	At 31 December	2020	337	4,523	4,860
17.	Stocks
				2021	2020
	Finished goods			1,109	3,552

			2021	2020
			2
Prepayments	and accrued income		353	170
Creditors: amounts		falling due within one year
			2021	2020
			2
Accrualsand	deferred	income	700	600

	Accruals and	deferred	income				700	600
20.	Government	grants
	The amounts	recognised in the financial			statements	for government	grants are as follows:
							2021	2020
							2
	Recognised	in income	from donations	and legacies:
	Government	grants income					1,269	15,142

			At					At
		1	January				31	December
			2021	Income	Expenditure	Transfers		2021
				2		2
General funds			54,255	38,826	(36,186)	932		57,827
Lundy	Room and
Specific Projects			1,661		(1,661)
Edna	Bakerlegacy			1,000				1,000
			55,916	39,826	(37,847)	932		58,827
			At					At
		1 January					31	December
			2020	Income	Expenditure	Transfers		2020
								2
General funds			59,758	32,948	(38,451)			54,255
Lundy	Room and
Specific Projects			5,284		(3,623)			1,661
Edna	Baker legacy
			65,042	32,948	(42,074)			55,916

		At				At
		1 January			31	December
		2021	Income	Expenditure	Transfers	2021
					2	6
Bid Writing Cost		2,000				2,000
Rotary Interpretation
Boards		334'				334
Bookshop Railway
Display
61Ok Appeal		3,408				3,408
Co-op Community	Fund
Bookshop Mannequins		500				500
Electricity		13,546		(880)		12,666
Friends Bank		1',942				1,942
Building		30,664		(2,277)		28,387
Stay Curious		23,901	2,823	(25,669)	(932)	123
		76,295	2,823	(28,826)	(932)	49,360
		At				At
		1 January			31	December
		2020	Income	Expenditure	Transfers	2020
			2	2
Bid Writing Cost		2,000				2,000
Rotary Interpretation
Boards		334				334
Bookshop Railway
Display		54		(54)
EtOk 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 of net as	sets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
				2
Tangible fixed assets		1,874		1,874
Current Assets		57,653	49,360	109,456
Creditors less than	1 year	(700)		(700)
Net assets		58,827	49,360	108,187
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
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