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|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|
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|||||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|
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|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|
##
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|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|
##
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||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|
##
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|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|
##
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##
||||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|
##
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|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|
##