2022-03-31-accounts - Birmingham Pen Trade Heritage Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference &Administrative Information	Reference &Administrative Information	Reference &Administrative Information
Chair's Review ofthe Year
Trustees' Report			4-6
Independent Examiner'	Report
Statement of Financial	Activities	(SOFA)
Balance Sheet
Notes to the Financial	Statements		10

Alternative	name:			The Pen Museum
Trustees:				Andrew Munro (Chair)
				Anthony Berry
				Isabel Churcher
				Craig Edmondson
				Nigel Evans
				Carmel Girling
				Jacqueline Hancox
				Steven Hearn
Charity Registration		Number:		1176955
Companies	House Registration		Number:	CE013114
Principal Address &Registered			Office:	Pen Museum, Unit 3
				The Argent Centre
				60 Frederick Street
				Birmingham, B13HS
Accountants:				UHY Hacker Young (Birmingham)		LLP
				9 —11Vittoria Street
				Birmingham, B13ND
Bankers:				Lloyds Bank, University	of Birmingham
				142 Edgbaston Park Road
				Edgbaston
				Birmingham, 8152TY
Telephone:				01212369834
Email:				enquiries@penmuseum.	org.uk
INebsite:				www. penmuseum. org.	uk

					Unrestricted Funds	Restricted Funds	Total 2022	Total 2021 (restated)
				Notes				E
Income
Voluntary income:
Charitable donations &	subscriptions			2	2,795	150	2,795	11,798
Grants Charitable Activities:						3,225	3,375	1,000
Admission to the Museum				3	5,498		5,498
COVID-19 support funding		&claims		II	120639		120,639	60,130
Activities for generating		funds:
Ancillary trading activities				5	2,967		2,967
Total Income					131,899	3,375	135,274	72,928
~Ex endlture
Raising Funds:
Other trading activities					493		493
Fundraising costs
Charitable Activities:
Opening and operating	the Museum				75,012	1,176	76,188	62,041
Total Expenditure				6	75,505	1,176	76,681	62,041
Net Income/(Expenditure)		before taxatlon			56,394	2,199	58,593	10,887
Tax receivable
Net Movement in Funds					56,394	2,199	58,593	10,887
Reconcglatlon of Funds:
Total Funds brought forward 1April 2021(restated)					26,622	49,023	75,645	64,758
Total Funds carried forward			at 31March 2022		83,016	51,222	134,238	75,645

		2022	2021
			irestated)
	Notes		6
Fixed Assets:
Tangible assets		38,836	1,034
Heritage assets	13	5,083	5,083
		43,919	6,117
Current Assets:
Stock	14
Debtors	15	17,814	33,976
Cash at bank and ln hand		76,122	105,377
Total Current Assets		93,936	139,353
Creditors: amount raging due within 1year	ts	l3,617)	i69,825)
Net Current Assets		90,319	69,528
Total Net Assets		134,238	75,645
The Funds ofthe Chadty. '
Restricted funds	17	51,222	49,023
Unrestricted funds:
Designated funds	18	43,919	6,117
General funds		39,097	20,105
		83,016	26.222
		134,238	75,245

Unrestricted	Restricted	Unrestricted	Restricted
Funds 2022	Funds 2022	Funds 2021	Funds 2021

	Donations							1,551	150	11,058	150
	Memberships							1,244		590
										11,648	150
	Grants								3,225
								2,795	3,375	11,648	1,150
3	Visitor Admission to the Museum
										2022	2021
	Admission									5,498
										5,498
	Visitor Attendance (number)										1,044
4	COVID-19		Support		Funding		and Claims
										2022	2021
	Culture Recovery Fund									120,639	3,545
	Emergency		Response		Fund						15,140
	lob Retention			Scheme	Grant (Furlough)						8,122
	Heritage	Fund		Emergency		Response					7,800
	Insurance	claim									25,523
										120,939	60,130
S	Ancillary		Trading Activities
										2022	2021
	Retail sales									2,967
										2,967
6	Analysis	of		Expenditure
											Total
								Staff Costs	Other Costs	Support Costs	2022

Ancillary trading activities	Ancillary trading activities		493		493
Total Cost			493		493
Charitable Activities
Opening and operating	the Museum	15,097	53,024	8,067	76,188
Total Cost		15,097	53,024	8,067	76,188
Total All Costs		15,097	53,517	8,067	76,681

At 1April 2021			5,083
Additions
At 31March 2022			5,083
Depreciation
At 1April 2021
Additions
At 31March 2022
Net book value
At 31March 2022			5,083
At 31March 2021			5,083
Stock
		2022	2021
Stock
Debtors
		2022	2021
Other debtors		8,453	8,453
prepayments and accrued Income		9,361	25,523
		17,814	33,976
Creditors: Amounts	Falling Due Within One Year
		2022	2021
		E	E
Trade creditors		1,141	11,014
Other creditors			72
Accruals and Deferred	Income	2,476	58,739
		3,617	69,825

Balance at 1 April 2021	Incomlns Funds	Resources Expended	Transfers	Balance at 31 March 2022

		Unrestricted	Restricted	Total
		funds	funds
Fund balances at 31March 2022 are represented	by:
Tangible fixed assets		43,919		43,919
Net current assets		39,097	51,222	90,319
		83,016	51,222	134,238

Restricted	Funds
			Balance at 1 April 2020 (Restated)		Incoming Funds	Resources Expended	Transfers	Balance at 31 March 2021
			E
HB Allen Fund			43,785			(296)		43,489
Birmingham	Common	Good			1,000			1,000
Education projects			1,159		150			1,309
Collections			2,200					2,200
Website development			2,600					2,600
Books			150					150
Storage for Collections			(1,595)			(130)		(1,725)
			48,299		1,150	(426)		49,023
Designated	Funds
			Balance at 1 April 2020		New Designations	Utilised funds	Transfers	Balance at 31 March 2021
			E		E	E	E	E
Fixed assets	reserve		6,519			509		6,117
			6,519			509		6,117
Anaiysis of Net Assets between			Funds
						Unrestricted	Restricted	Total
						funds	funds
Fund balances at 31March 2021are			represented	by:
Tangible fixed assets						6,117		6,117
Net current	assets					20,505	49,023	69,528
						26,622	49,023	75,645