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2022-03-31-accounts

CONTENTS
Page
REFERENCE AND ADMINISTRATIVE DETAILS
DIRECTORS OF THE TRUSTEE COMPANY'S REPORT 2-9
STATEMENT OF DIRECTORS OF THE TRUSTEE
COMPANY'S
RESPONSIBILITIES		 10
INDEPENDENT EXAMINERS' REPORT
INCOME AND EXPENDITURE ACCOUNT 12
BALANCE SHEET 13
NOTES TO THE ACCOUNTS 14-25

Restricted and Restricted and
Unrestricted Designated Endowment Total
Note Funds Funds Funds 2022 2021
INCOME AND
ENDOWMENTS FROM:
Donations
and legacies		 2 5,753 5,753 69,706
Charitable
activities:
Museum
receipts		 3 9931 9,931 220
Other trading activities:
Car park receipts 4 54,734 54,734 27,434
Investments 5 11,238 11,238 6,791
Other:
Property
rents receivable		 6 126,288 126,288 119,534
TOTAL INCOME 207,944 207,944 223,685
EXPENDITURE ON
Charitable
activities:
Museum
expenses		 3 79,160 79,160 73,379
Upkeep ofgarden 16,381 16,381 11,106
Depreciation 10/11 1,995 21,575 23,570 24,111
Raising funds:
Car park expenses 4 27,378 27,378 25,538
Other:
Property expenses 6 109,263 109,263 87,684
Donations
made		 2,500
TOTAL EXPENDITURE 232,182 1,995 21,575 255,752 224,318
Net outgoing resources before transfers
and gains/(losses)
on investments		 (24,238) (1,995) (21,575) (47,808) (633)
(Loss)/proiit
on disposal of
investments 12
(Loss)/profit
on revaluation		 of 12 (6,532) (6,532) 116,482
investments
Net (expenditure)/income 17 (30,770) (1,995) (21,575) (54,340) 115,849
Transfers
between
funds		 17 30,770 (30,770)
Net movement
in funds		 (32,765) (21,575) (54,340) 115,849
FUNDS BROUGHT FORWARD 20,000 499,500 489,064 1,008.564 892,715
FUNDS CARRIED FORWARD 20,000 466,735 467,489 954/24 1,008,564

ABBEYLAWN TRU ST Charity number:
BALANCE SHEET
31 March 2022
Note 2021 2021
FIXEDASSETS
Heritage assets 10 230,918 231,450
Tangible fixed assets 11 111,142 134,180
Investments 12 499,730 496,476
841,790 862, 106
CURRENT ASSETS
Debtors 13 25,440 43,325
Cash at banks 14 96,027 121,188
121,467 164,513
CURRENT LIABILITIES
Creditors
due within one year		 15 (9,033) (18,055)
NET CURRENT ASSETS 112,434 146,458
TOTAL ASSETS
LESSCURRENT LIABILITIES 954,224 1,008,564
FUNDS
Unrestricted
funds		 20 20,000 20,000
Designated
funds		 19 466,735 499,500
486,735 519,500
Restricted
funds		 18 236,571 257,614
Permanent
endowment		 funds 18 230,918 231,450
954,224 1,008,564

2 DONATIONS
AND LEGACIES		 2022 2021
National
Heritage Grant		 6,700
Tewkesbury
BCCovid grants		 22,608
Uni Glos grant 529
Bristol City Council —recovery grant 260
Gloucestershire
County Council		 234
Coronavirus
Job Retention
Scheme grant		 5,259 39,869
5,753 69,706
3 JOHN MOORE JOHN MOORE COUNTRYSIDE MUSEUM COUNTRYSIDE MUSEUM 2022 2021
Income
Entrance and attendance fees 9,931 220
General expenses
General museum expenses 12,228 8,165
Demonstrations
and events		 843
Governance
costs		 1,875 1,461
14,946 9,626
Museum staff costs 64,214 63,753
79,160 73,379
Net deficit ofthe Museum (69,229) (73,159)

4 CAR PARK 2022 2021
Income
Takings 54,734 25,994
Farmers'
market		 1,440
54,734 27,434
General expenses
Attendant's
employment		 costs 18,991 18,863
National
non-domestic		 rates 1,108 921
Cash collection and other costs 5,404 4,294
Governance
costs		 1,875 1,460
27,378 25,538
Net income from the car park 27,356 1,896
5 INVESTMENT INCOME 2022 2021
Bank deposit account interest 677 640
Investec 5,775 4,369
Dividends
reinvested		 4,786 1,782
11,238 6,791

6 PROPERTY PROPERTY 2022 2021
Income
Rents and other property income 126,288 119,534
Expenditure
Land agent's fees 17,499 19,288
Insurance 14,288 14,597
Repairs and renewals 58,604 39,408
Professional fees 8,528 9,312
Other expenses 6,594 2, 158
Governance costs 3,750 2,921
109,263 87,684
Net income from properties 17,025 31,850

7 GOVERNANCE GOVERNANCE COSTS COSTS 2022 2021
Independent examination fees 720 720
Accountancy fees 3,000 3,000
Professional fees re investments 734 508
Bookkeeper's fees 1,150 1,063
Tax investigation service 252 252
Trustees'
meeting		 costs 220
Dendro project —Dendrochronological analysis 400
Bank charges 455 2
Sundry costs 789 77
7,500 5,842
Governance
costs were alloc		 Governance
costs were alloc		 ated to other expend iture
on the f		 ollowing
basis:
Governance
costs:		 2022 2021 Basis ofapportionment
Property expenses 3,750 2,921 Income
Museum expenses 1,875 1,461 Income
Car park expenses 1,875 1,460 Income
7,500 5,842
8 STAFF COSTS AND NUMBERS 2022 2021
Salaries and wages 72,530 71,841
Social security costs 2,736 1,603
Pension contributions 7,939 9,172
83,205 82,616

NO TE S TO THE ACCOUNTS ACCOUNTS
for the year ended 31 March 2022
9 NET INCOME FORTHE YEAR
2022 2021
Net income is stated after charging:
Depreciation 23,570 24,111
Independent Examiner's fee 720 720

Cost
At
1 April 2021		 277,888
Additions
At 31 March 2022 277,888
Depreciation
At
1 April 2021		 46,438
Charge for year 532
At 31 March 2022 46,970
Net book value
At 31 March 2022 230,918
At 31 March 2021 232,450

Freehold Leasehold Fixtures Total
Fittings &
Equipment
Cost
At
1 April 2021		 9,283 210,431 75,174 294,888
Additions
At 31 March 2022 9,283 210,431 75,174 294,888
Depreciation
At I April 2021 97,263 63,445 160,708
Charge for year 21,043 1,995 23,038
At 31 March 2022 118,306 65,440 183,746
Net book value
At 31 March 2022 9,283 92,125 9,734 111,142
At 31 March 2021 9,283 113,168 11,729 134,180

INVESTMENTS - L ISTED
2022 2021
Market value
At beginning ofyear 496,476 378,212
Additions 60,000
Dividends
reinvested		 4,786 1,7&2
Realised (losses)/gains
Unrealised
gains/(losses)		 (6,532) 116,482
Disposal proceeds (55,000)
At end ofyear 499,730 496,476
Historical cost 2022 2021
At 31 March 2021 381,825 381,825
Additions 60,000
Disposals (55,000)
At 31 March 2022 386,825 381,825
The listed investments at 31 March 2022 above comprise the following:
Historical Market
cost value
Quilter investments 276,825 393,710
Investec FTSE 100Defensive Income Plans 50,000 48,770
IDAD 60,000 57,250
386,825 499,730

NO TE S TO THE ACCOUNTS S TO THE ACCOUNTS
for the year ended 31 March 2022
13 DEBTORS due within one year 2022 2021
Cash in Fisher German client account 21,628 39,075
Prepayments
and other debtors		 3,812 4,250
25,440 43,325
14 CASH AT BANK AND IN HAND 2022 2021
Current account 4,519 7,842
COIF Charities Deposit Fund 26 26
Virgin Money 27,000
Monmouthshire
BS		 91,482 &6,320
96,027 121,188
15 CREDITORS due within one year 2022 2021
Trade and other creditors 9,033 18,055
16 ANALYSIS OF NET ASSETSBETWEEN FUNDS
ANALY SIS OF NET ASSETSBETW EEN FUNDS EEN FUNDS
Capital funds Income funds
Restricted/ Designated Unrestricted Total
endowment funds funds funds
Tangible fixed assets 323,043 19,017 342,060
Investments 499,730 499,730
Current assets 144,446 (52,012) 29,033 121,467
Current liabilities (9,033) (9,033)
467,489 466,735 20,000 954,224

Restricted/ Designated Unrestricted Total
endowment funds funds funds
(Note 18) (Note 19) (Note 20)
At 1 April 2021 489,064 499,500 20,000 1,008,564
Net outgoing resources (21,575) (1,995) (30,770) (54,340)
for the year
Transfers (30,770) 30,770)
At 31 March 2022 467,489 466,735 20,000 954,224

PE RMANENT
END		 OWMENT
AND R		 ESTRICTED FUNDS
Permanent Restricted Old Baptist
endowment fund Chapel Total
At 1 April 2021 231,450 144,446 113,168 489,064
Net expenditure
for the year (532) (21,043) (21,575)
At 31 March 2022 230,918 144,446 92,125 467,489

DESIGNATE D FUNDS
Wasting Properties
assets refurbishment Total
At
1 April 2021		 21,012 478,488 499,500
Depreciation (note 11) (1,995) (1,995)
Transfer from unrestricted funds (note 17) (30,770) (30,770)
Additions
(note 11)
At 31 March 2022 19,017 447,718 466,735

Debtors 25,440
Cash at bank in hand 96,027
Less: cash/assets held as restricted/designated funds (92,434)
Creditors (including deferred income) (9,033)
20,000