| Contents | Page | |
|---|---|---|
| Reference and Administration | details | |
| Trustees' Report | 2-8 | |
| Independent examiners report |
||
| Statement offinancial activities | 10 | |
| Balance Sheet | ||
| Statement ofCash Flows | 12 | |
| Notes tothe Financial Statements | 13- 22 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Note | Funds | Funds | Total Funds | Total Funds | ||
| E | ||||||
| Income &Endowments | ||||||
| Donations a Legacies | 2 | 637,205 | 637,205 | 312,991 | ||
| Charitable Activities |
3 | 25,521 | 76,467 | 101,988 | 97,389 | |
| Trading Activities | 4 | 37,920 | 37,920 | 27,674 | ||
| Other | 5 | 82,713 | 82,713 | 32,880 | ||
| Total income | 783,359 | 76,467 | 859,826 | 470,934 | ||
| Expenditure | ||||||
| Fundraising | 57,906 | 57,906 | 9,906 | |||
| Charitable Activities |
6 | 621,152 | 20,883 | 642,035 | 189,956 | |
| Trading Activities | 1,485 | 1,485 | 6,451 | |||
| Other | 7 | 31,817 | 31,817 | 19,014 | ||
| Total Expenditure | 712,360 | 20,883 | 733,243 | 225,327 | ||
| Net income | 70,999 | 55,584 | 126,583 | 245,607 | ||
| Other recognised losses | ||||||
| Losses on revaluation | of | |||||
| fixed assets | (375,736) | (375,736) | ||||
| Net movement in funds |
(304,737) | 55,584 | (249,153) | |||
| Funds Brought Forward | 236,627 | 8,980 | 245,607 | |||
| Funds Carried Forward | (68,110) | 64,564 | (3,546) | 245,607 |
| As restated | |||||
|---|---|---|---|---|---|
| Note | 2021 | 2020 | |||
| Fixed Assets | E | E | |||
| Tangible Assets | 10 | 84,629 | 87,395 | ||
| Heritage Assets | 79,887 | 455,623 | |||
| Current Assets | |||||
| Stocks | 1,500 | 1,500 | |||
| Debtors | 12 | 48,009 | 34,028 | ||
| Cash at Bank and In Hand | 167,033 | 105,052 | |||
| 216,542 | 140,580 | ||||
| Creditors: Amounts | Falling Due Within One Year | 13 | 229,414 | 194,969 | |
| Net Current Liabilities | (12,872) | (54,389) | |||
| Total Assets Less Current | Liabilities | 151,644 | 488,629 | ||
| Creditors: Amounts | Falling Due After Inure Than One Year | 155,190 | 243,022 | ||
| Net Assets | (3,546) | 245,607 | |||
| Charity Funds | 14 | ||||
| Restricted Funds |
64,564 | 8,980 | |||
| Unrestricted Funds |
(68,110) | 236,627 | |||
| Total Funds | (3,546) | 245,607 |
| ear Ended 30April 2 | 021 | |||
|---|---|---|---|---|
| Note | 2021 | 2020 | ||
| Cash flow from operating | activities | 16 | 34,864 | 654,100 |
| Cash flow from investing | activities | |||
| Payments to acquire tangible fixed assets |
(22,883) | (549,062) | ||
| Interest received | 14 | |||
| Net cash flow from investing activities |
(22,883) | (549,048) | ||
| Cash flow from financing | activities | |||
| Bank loan received | 50,000 | |||
| Net cash flow from financing activities |
50,000 | |||
| Net increase in cash and | cash equivalents | 61,981 | 105,052 | |
| Cash and cash equivalents | at 1 May | 105,052 | ||
| Cash and cash equivalents | at 30April | 167,033 | 105,052 | |
| Cash and cash equivalents | consists of: | |||
| Cash at bank and in hand | 167,033 | 105,052 |
| Donation | s and legacies |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| Save The | NVM Appeal | 68,783 | 35,955 |
| Corporate | Donors | 6,205 | 117,529 |
| Individual | Donors | 162,217 | 159,507 |
| Arts Council Grant | 400,000 | ||
| 637,205 | 312,991 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total Funds | Total funds | |||
| E | E | |||||
| Museum | Entry | 25,103 | 25,103 | 51,675 | ||
| Educational | Income | 418 | 418 | 5,174 | ||
| Grants | 76,467 | 76,467 | 39,200 | |||
| Fundraising | Events | 1,340 | ||||
| 25,521 | 76,467 | 101,988 | 97,389 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds 6 |
Total Funds 6 |
Total Fundsf | |||
| Conference | Income | 1,889 | 1,889 | 2,363 | ||
| Consultancy | Income | 25,798 | 25,798 | 13,086 | ||
| Sponsorship | 8,754 | 8,754 | 7,715 | |||
| Museum | Shop Income | 1,479 | 1,479 | 2,798 | ||
| Private | Hire | 1,712 | ||||
| 37,920 | 37,920 | 27,674 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| CAF Coronavirus | Emergency | Fund | 25,000 | ||
| Coronavirus | Job | Retention Scheme | 45,041 | 7,866 | |
| Sheffield City Council Grants | 37,672 | ||||
| 8ank Interest | 14 | ||||
| 82,713 | 32,880 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total Funds | Total Funds | ||||
| E | E | ||||||
| Visitor Services | 88,391 | 88,391 | 27,338 | ||||
| Curatoria | I | 101,107 | 9,320 | 110,427 | 36,068 | ||
| Learning | 22,294 | 22,294 | 6,431 | ||||
| Executive | Team | 101,521 | 101,521 | 39,880 | |||
| Marketing | 37,880 | 2,171 | 40,051 | 8,378 | |||
| Legal and | Professional | Fees | 27,337 | 8,529 | 35,866 | 17,358 | |
| Estates Costs | 171,947 | 171,947 | 47,941 | ||||
| Other Costs relating to | charitable | activities | 70,675 | 863 | 71,538 | 6,561 | |
| 621,152 | 20,883 | 642,035 | 189,956 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| Governance | &Finance | Costs | 12,526 | 12,970 |
| Depreciation | 19,291 | 6,044 | ||
| 31,817 | 19,014 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Average | monthly | number ofemployees | 21 | 18 |
| 6 | ||||
| Wages | and Salaries | 348,281 | 102,696 | |
| National | Insurance | 24,900 | 3,832 | |
| Pension | Contributions | 8,116 | 1,944 | |
| 381,297 | 108,472 |
| Fixtures & | ||||
|---|---|---|---|---|
| Equipment | Furniture | Fittings | Total | |
| f | ||||
| Cost/valuation | ||||
| 1May 2020 | 22,435 | 36,971 | 34,033 | 93,439 |
| Additions in year |
1,018 | 21,865 | 22,883 | |
| Disposals in year |
(7,000) | (7,000) | ||
| 30April 2021 | 23,453 | 36,971 | 48,898 | 109,322 |
| Depreciation | ||||
| 1May 2020 | 2,445 | 1,134 | 2,465 | 6,044 |
| Charge forthe year | 7,841 | 7,397 | 4,053 | 19,291 |
| Eliminated on disposal |
(642) | (642) | ||
| 30April 2021 | 10,286 | 8,531 | 5,876 | 24,693 |
| hjet BookValue | ||||
| 30April 2021 | 13,167 | 28,440 | 43,022 | 84,629 |
| 30April 2020 | 19,990 | 35,837 | 31,568 | 87,395 |
| 2021 | 2020 | |
|---|---|---|
| Trade Debtors | 8,009 | 34,028 |
| Accrued Income | 40,000 | |
| 48,009 | 34,028 |
| 13Creditors: Amounts | Falling Due Vyithin One Year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Bank Loan | 8,333 | ||
| Trade Creditors | 40,437 | 2,451 | |
| Other Taxation and Social Security | 9,336 | 14,805 | |
| Other Creditors | 165,308 | 164,000 | |
| Accruals | 6,000 | 13.713 | |
| 229,414 | 194,969 |
| 13Creditors: Amounts | Falling Due After More Than One Year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Bank loan | 41,667 | ||
| Other Creditors | 113,523 | 243,022 | |
| 155,190 | 243,022 |
| Balance at1 | Balance at 30 | |||||
|---|---|---|---|---|---|---|
| May 2020 | Income | Expenditure | April 2021 | |||
| E | E | |||||
| Unrestricted | Funds | 236,627 | 783,359 | (1,088,096) | (68,110) | |
| Restricted Funds: | ||||||
| CRM system | 8,980 | 2,300 | (11,280) | |||
| Art fund Respond | 8r | |||||
| Re-imagine | 36,000 | 36,000 | ||||
| The Museum | ||||||
| Association | Animal | |||||
| Crossing | 29,167 | (603) | 28,564 | |||
| Art Fund VHS | 9,000 | (9,000) | ||||
| 8,980 | 76,467 | (20,883) | 64,564 | |||
| Total Funds | 245,607 | 859,826 | (1,108,9791 | (3,546) | ||
| Balance at 22 | Balance at 30 | |||||
| May2019 | Income | Expenditure | April 2020 | |||
| E | E | |||||
| Unrestricted | Funds | 461,734 | (225,107) | 236,627 | ||
| Restricted Funds: |
||||||
| CRM System | 9,200 | (220) | 8,980 | |||
| Total Funds | 470,934 | (225,327) | 245,607 |
| Year ended 30April 2021 | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| Fixed Assets | 164,516 | 164,516 | |
| Cash | 142,469 | 24,564 | 167,033 |
| Other current assets / (liabilities) | (219,905) | 40,000 | (179,905) |
| Creditors more than one year | (155,190) | (155,190) | |
| (68,110) | 64,564 | (3,546) | |
| Period ended 30April 2020 | |||
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| Fixed Assets | 543,018 | 543,018 | |
| Cash | 96,072 | 8,980 | 105,052 |
| Other current assets / (liabilities) | (159,441) | (159,441) | |
| Creditors more than one year | (243,022) | (243,022) | |
| 236,627 | 8,980 | 245,607 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Net income forthe period | 126,583 | 245,607 | ||
| Interest receivable | (14) | |||
| Depreciation | 19,291 | 6,044 | ||
| Loss on disposal oftangible fixed assets | 6,358 | |||
| (Increase) in stock |
(1,500) | |||
| (Increase) / decrease | in debtors | (13,981) | (34,028) | |
| (Decrease) / increase | in creditors | (103,387) | 437,991 | |
| Net cash inflow from | operating | activities | 34,864 | 654,100 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Lease payments | due no later than one | year and no later than five years | 284,167 | 394,167 |
| 19Related Party | Transactions | |||
| There were no related party transactions | during the year (2020; 6nil). |