2021-03-31-accounts - Tiverton Museum Of Mid Devon Life

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						Unrestricted	Restricted	Endowment	Total funds	Total funds
					Notes	funds	funds		2020/21	2019/20
							f		f
Incoming resources
Activities to further the		trusts objectives
	Grants					120,471	69,305		189,776	52,711
	Subscriptions					2,369			2,369	3,101
	Donations and legacies					24,019			24,019	4,870
	Education income					136			136	8,365
	Museum admission		fees			3,336			3,336	20,793
Activities to generate funds
	Fundraising					152			152	1,126
	Shop sales					2,385			2,385	10,028
	Tourist information		Centre			6,144			6,144	13,953
	Other income					255			255	1,184
	Interest receivable					44			44	264
Total	incoming resources					159,311	69,305		228,616	116,395
Less
Cost	ofgenerating funds
	Fund raising									229
	Shop —Cost ofsales					1,004			1,004	7,047
	Tourist information		Centre costs			17,091			17,091	19,480
						18,095			18,095	26,756
Net incoming msources		available
for charitable application						141216	69,305		210,521	89,639
Resources expended
Charitable expenditure
	Costofoperating	the museum				55,107	53,581	7,305	115,993	119,342
	Managing and administering			the trust		4,440			4,440	4,927
	Total resources expended					59,547	53,581	7305	120,433	124,269
Net incoming (outgoing)
resources before transfers Transfers						81,669 ~(399	15,724 399	(7,305)	90,088	(34,630)
Net incoming (outgoing)
resources after transfers						81,270	16,123	(7,305)	90,088	(34,630)
Total	funds at I April 2020					79757
Total	funds at 31March	2021


2.	Grants receivable towards		the		Museum
							Unrestricted		Restricted		Total funds	T~otal ds
							funds			funds	2020i21	2019/20
								f		f	f	f
	Mid Devon District Council
	Service Level Agreement							27,500			27,500	27,500
	Covid-19 Support							33,925			33,925
	Tiverton Town Council -	General				Fund		1,950			1,950	1,800
	Tiverton Town Council —Opening up the Town							1,150			1,150
	Viscount Amory's Charitable				Trust —Education					9,000	9,000	9,000
	STEM Fair											(230)
	CCTV											1,800
	AIM Hallmarks developing			income streams								1,792
	Investing in Devon Fund											1,787
	Collections rationalisation									253	253	774
	Internship funding											1,112
	Visit Mid Devon											1,000
	Communities Together Museum					Without Walls						1,263
	Communities Together Visit			Mid		Devon photography						3,942
	AIM Collections Care audit											1,171
	N HLF							13,019		26,881	39,900
	A rt Council							25,229		32,371	57,600
	Po sy Ring									300	300
	Co llections fund (cons tk	acq)								500	500
	Co ronavirus job retention		scheme					17698			17,698
	some oftiua grant money waa			awarded to support core expmhture,				and is therefore		treated as Unrestricted
									2021		2020
3.	Trading income fiom shop		sales etc.
	Sales									2,385		10,028
	Opening stock							3,377			3,626
	Purchases Closing stock Cost ofsales						1,509 ~3,882			1,004	6,798	7,047
	Gross profit											2,9S1
	Tourist Information Centre
										f
	Coach agency and job centre									235		1,008
	Fees and accommodation	listings								789		6,171
	Theatre tickets and events											637
	Commission &om sale of	Christmas					cards			120		637
	Grant towards running costs			**						1,144 5,000		11,453 5,500
										6,144		13,953
	Administration costs							(11)			(296)
	brochure, etc.							(2,005)			(3,714)
	TIC salaries						~(15,075				(15,470)
												19,480
	Operating loss									(10,947)		(5,527)
	Net costs									10,947		5 527

							ostofo cretin	ostofo cretin	museum
						~En	wment	~nrestricted	Restricted		Total funds	~Total fun
									~ex eaditure	e~xcndtture	2020/21	2019/20
												f
Cleaners wages											3,749	6,331
Water											265	487
Insurance											3,786	4,600
Light and heat											5,489	5,398
Upkeep and maintenance											1,432	4,699
Postage										16	32	132
Telephone										682	1,363	1,322
Stationery, printing		and copying								1,551	3,102	2,718
Other costs										854	854	1,612
Subscriptions										137	137	353
Accountancy and Examination					fees					1,200	1,200	876
Collection and display												247
Advertising and	marketing										322	3,803
Exhibitions												222
Director's costs											28336	29,063
Curator*s Fund											110	390
Education costs												876
Education officer's salary								10,770			10,770	17267
Attracting Audiences,			Securing		our Future							10,134
STEM Fair												168
CCTV												2,300
Education room									176		176
AIM Hallmarks	developing			income streams								8,960
Tivvy Bumper appeal												2,630
Investing in Devon Fund												298
Culture 24Let's	Get Real gom				SWMDP							579
internship funding												744
Visit Mid Devon									1,065		1,065	3,365
Communities Together			Museum		Without	Walh						1,263
Communities Together			Visit	Mid Devon		photography			2,060		2,060	2,000
AIM Collections	Care		audit									1,171
NHLF									26,881		26,881
Art Council									22,350		22,350
Posy Ring									650		650
Irrecoverable input		VAT						(1,300)			(1,300)	2,557
Depreciation							7,305		399		7,704	7,704
Total expenditure		2020/21					7,305	55,107	53,581	4,440	120,433
Total expenditure		2019/20										~124269

Rtitdfd
esrce uns			Balance						Balance
			I	April					31uMarch
				2020	R~ecei	ts	~Ex enditure	Transfers	2021
				f	f			f	f
Sir John Amory Fund				8,000					8,000
Attracting Audiences,	Securing our Future			(1,792)					(1,792)
Impmvements to Education		Room		176			176
Tiwy Bumper appeal				3,470					3,470
Collections rationalisation				813		253			1,066
Visit Mid Devon				500			1,065		(565)
Communities Together	Visit	Mid Devon photography		1,942			2,060		(118)
NHLF					26,881		26,881
Art Council					32,371		22,350		10,021
Education Development						9,000			9,000
Posy Ring						300	650		(350)
Collections fund (cons	dt acq)					500			500
The Authers Gallery Fund							399	(399)
some ofthis greet money was swarded to support normal			expenditure, sud is		therefore tmated as		Unrestricted
			Balance						Balance
			le April						31"March
				2019	~Recei f	ts	~Ex enditure	Transfers f	2020f
Sir John Amory Fund				8,000					8,000
Dimctor's Salary Fund				7,083				7,083
Education OBicm Salary Fund				7,617				7,617
Attracting Audiences,	Securing our Future			8,342			10,134		(1,792)
Jmprovements to Education		Room		176					176
STEM Fair				398		(230)	168
CCTV				500		1,800	2,300
AJM Hallmarks developing		income streams		7,168		1,792	8,960
Tiwy Bumper appeal				6,100			2,630		3,470
Jnvesting in Devon Fund				(1,489)		1,787	298
Culture 24 Let's Get Real fium SWMDP				579			579
Collections rationalisation				39		774			813
Jntemship funding				(368)		1,112	744
Visit Mid Devon				2,865		1,000	3,365		500
Communities Together	Museum Without Walls					1,263	I263
Commuoities Together	Visit Mid Devon photography					3,942	2,000		1,942
AJM Collections Cam	audit					1,171	1,171
The Authers Gallery Fund							399	(399)
			~47 010		14.411		34.011	14301	13.109