2021-03-31-accounts

	Page
Trustees' report	1-4
Independent examiner's report	5
Statement offinancial activities	6
Balance sheet	7
Statement of cash flows	8
Notes to the financial statements	9-19

Kerry Gallagher

15/12/21

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
	Notes	£	£	£	£
Income from:
Donations and legacies	3	502,857	10,643	513,500	391,568
Investments	4	1,671		1,671	2,191
Total income		504,528	10,643	515,171	393,759
Expenditure on:
Charitable activities	5	507,163	4,008	511,171	440,499
Net (outgoing)/incoming resources before
transfers		(2,635)	6,635	4,000	(46,740)
Gross transfers between funds		1,814	(1,814)
Net (expenditure)/income for the year/
Net movement in funds		(821)	4,821	4,000	(46,740)
Fund balances at 1 April		406,006		406,006	452,746
Fund balances at 31 March		405,185	4,821	410,006	406,006

		2021		2020
	Notes	£	£	£	£
Fixed assets
Tangible assets	7	174,283			217,895
Current assets
Debtors	8	45,145		8,618
Cash at bank and in hand		195,673		184,238
		240,818		192,856
Creditors: amounts falling due within	9
one year		(5,095)		(4,745)
Net current assets		235,723			188,111
Total assets less current liabilities		410,006			406,006
Funds
Restricted funds	11		4,821
Unrestricted funds	12	405,185			406,006
Total funds		410,006			406,006
The financial statements were approved	by the trustees	on -~-~-~Y.. 2021, and are signed on			its behalf
by.		·"

		2021			2020
	Notes	£	£	£		£
Cash flows from operating activities
Cash generated from operations	13		12,578			19,406
Investing activities
Purchase oftangible fixed assets		(2,814)
Interest received		1,671		2,191
Net cash (used in)/generated from
investing activities			(1,143)			2,191
Net increase in cash and cash equivalents			11,435			21,597
Cash and cash equivalents at beginning ofyear			184,238			162,641
Cash and cash equivalents at end of year			195,673			184,238

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£	£	£	£
Donations and gifts	966		966	4,617
Grants receivable	234,300	10,643	244,943	70,741
Donated services and facilities - See below	249,364		249,364	220,000
Other	18,227		18,227	96,210
	502,857	10,643	513,500	391,568
For the year ended 31 March 2020	396,568	(5,000)		391,568

	2021	2020
	£	£
Rent and maintenance (1.3.19- 1.9.19)		53,161
Salaries and employmentcosts	249,365	166,839
	249,365	220,000

		2021	2020
		£	£
Interest	receivable	1,671	2,191

	2021	2020
	£	£
Staff costs	249,364	166,839
Depreciation	563	13,112
Rent and maintenance	133,788	141,859
Insurance	6,631	7,442
Development costs including depreciation	51,345	49,454
Conservation of collections	909	2,071
Fundraising	3,983	15,836
IT and website	15,953	15,077
Accountancy	7,702	6,300
Bank charges	47	171
Other expenditure	24,411	20,338
Legal and professional fees	14,475
	509,171	438,499
Share of governance costs (see note 6)	2,000	2,000
	511,171	440,499
Analysis by fund
Unrestricted funds	507,163	440,499
Restricted funds	4,008
	511,171	440,499

7	Tangible fixed assets
		Exhibition	Office	Total
		equipment	equipment&
			fittings
		£	£	£
	Cost
	At 1 April 2020	458,632	68,940	527,572
	Additions		2,814	2,814
	At 31 March 2021	458,632	71,754	530,386
	Depreciation
	At 1 April 2020	240,737	68,940	309,677
	Depreciation charged in the year	45,863	563	46,426
	At 31 March 2021	286,600	69,503	356,103
	Carrying amount
	At 31 March 2021	172,032	2,251	174,283
	At 31 March 2020	217,895		217,895
8	Debtors
			2021	2020
	Amounts falling due within one year:		£	£
	Other debtors		5	5
	Prepayments and accrued income		45,140	8,613
			45,145	8,618
9	Creditors: amounts falling due within one year
			2021	2020
			£	£
	Accruals		5,095	4,745

10	Analysis of net assets between funds
		Unrestricted	Designated	Restricted	Total
		**General **	Development	Funds
		Fund	Fund
		£	£	£	£
	Fund balances at 31 March 2021 are represented by:
	Tangible fixed assets	2,251	172,032		174,283
	Net currentassets	178,827	52,075	4,821	235,723
		181,078	224,107	4,821	410,006
		Unrestricted	Designated	Restricted	Total
		**General **	Development	Funds
		Fund	Fund
		£	£	£	£
	Fund balances at 31 March 2020 are represented by:
	Tangible fixed assets		217,895		217,895
	Netcurrentassets	136,036	52,075		188,111
		136,036	269,970	-	406,006

		Movement in funds	Movement in funds	Movement in funds
	Balance at 1	**Income **	Expenditure	**Transfer of **	Balance at 31
	April 2020			funds	March 2021
	£	£	£	£	£
Archives Testbed project		4,829	(8)		4,821
Re-opening grant		1,814		(1,814)
Exhibitions		4,000	(4,000)
		10,643	(4,008)	(1,814)	4,821

				Movement in funds	Movement in funds	Movement in funds
**Prior **	year	Balance at 1		Income Expenditure		**Transfer of **		Balance at 31
		April 2019				funds		March 2020
			£	£	£		£		£
Clock	restoration		5,000	(5,000)
			5,000	(5,000)

Unrestricted funds
		Movement in funds
	Balance at 1	**Income **	Expenditure	Transfer of	Balance at 31
	April 2020			funds	March 2021
	£	£	£	£	£
Development Fund	269,970		(45,863)		224,107
General Fund	136,036	504,528	(461,300)	1,814	181,078
	406,006	504,528	(507,163)	1,814	405,185
		Movement in funds
	Balance at 1	**Income **	Expenditure	Transfer of	Balance at 31
	April 2019			funds	March 2020
	£	£	£	£	£
Development Fund	315,833		(45,863)		269,970
General Fund	131,913	398,759	(394,636)		136,036
	447,746	398,759	(440,499)		406,006

Cash generated from operations	2021	2020
	£	£
Surplus/(deficit) for the year	4,000	(46,740)
Adjustments for:
Investment income recognised in statement of financial activities	(1,671)	(2,191)
Depreciation and impairment of tangible fixed assets	46,426	58,975
Movements in working capital:
(lncrease)/decrease in debtors	(36,527)	9,867
lncrease/(decrease) in creditors	350	(505)
Cash generated from operations	12,578	19,406