##
|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||
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||||||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|
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|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|
##
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|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|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||staff|Costs|Other|Costs|2022|2021|
|Governance||||930|930|810|
|Administration||||7,137|7,137|5,293|
|||||8,067|8,067|6,103|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||Independent|examination|fees||930|810|
||||||930|810|
|9|Net Income/Expenditure|||for the Year|||
||||||2022|2021|
||This is stated|after charging:|||||
||Operating
leases||||20,070|21,240|
||Depreciation||||10,459|509|
||Examiner's
remuneration:||||||
||Independent|examination|fee||930|810|
||Payroll, accountancy,
and||tax|services|240|240|
##
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##
||Employment
Costs:|||||
|---|---|---|---|---|---|
|||||2022|2021|
||Wages and salaries|||14,386|14,896|
||National
Insurance costs|||||
||Pension costs|||712|729|
|||||15,098|15,625|
|12|Tangible and Intangible|Fixed Assets||||
||||Fixtures|||
||||and|Office|Total|
||||fittings|equipment||
||||6|||
||Cost|||||
||At 1April 2021||7,553||7,553|
||Additions|||48,261|48,261|
||At 31March 2022||7,553|48,261|55,814|
||Depreciation|||||
||At 1April 2021||6,519||6,519|
||Charge for the period||341|10,118|10,459|
||At 31March 2022||6,860|10,118|16,978|
||Net book value|||||
||At 31March 2022||693|38,143|38,836|
||At 31March 2021||1,034||1,034|
##
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##
|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|
##
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##
|Balance at 1
April 2021|Incomlns
Funds|Resources
Expended|Transfers|Balance at 31
March 2022|
|---|---|---|---|---|
##
##
||HB Allen Fund|HB Allen Fund||43,489||(450)||43,039|
|---|---|---|---|---|---|---|---|---|
||Birmingham|Common|Good|1,000|1,500|||2,500|
||Education
projects|||1,309|150|||1,459|
||Collections|||2,200||||2,200|
||Website development|||2,600||(726)||2,600|
||Books|||150||||150|
||Storage for|Collections||(1,725)|1,725||||
|||||49,023|3,375|(1,176)||51,222|
|18|Designated|Funds|||||||
|||||Balance at 1
April 2021|New
Designations|Utilised
funds|Transfers|Balance at 31
March 2022|
|||||E|E||E|E|
||Fixed assets|reserve||6,117|48,261|10,459||43,919|
|||||6,117|48,261|10,459||43,919|
##
|||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|
##
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|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|