TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDING 31[s t] MARCH 2021
OUR MISSION
Promote the cultivation of useful knowledge, to encourage habits of research, and to afford opportunities to persons of various pursuits to study and discuss with each other any scientific, literary or artistic subject.
Hold, conduct or promote meetings, conferences, lectures, exhibitions or training courses and to disseminate information to publicise the work of the Charity and other organisations operating in similar fields, and to disseminate cultural, artistic and scientific knowledge.
Cause to be written and printed or otherwise reproduced and circulated, gratuitously or otherwise, periodicals, journals, magazines, books, leaflets or other documents, films, recorded tapes or materials reproduced on electronic media.
Form and carry on libraries, collections and museums and to present displays and exhibitions
Form and carry on sections of the Charity devoted to particular branches of literature and the arts, science and technology
Promote or carry out research and disseminate and exchange the results of it.
TRUSTEES ANNUAL REPORT 2021
2
OUR HISTORY
The Society was founded in October 1812 as the Plymouth Institution.
Architect and founding member, John Foulston, designed the building that would become the permanent home of the society. ‘The Athenaeum’ had a classical Greek-style facade and opened in February 1819.
The Institution strengthened through mergers with the Devon and Cornwall Natural History Society (1851) and the Plymouth Mechanics’ Institute (1899).
THE BLITZ: Foulston’s original ‘Athenaeum’ was a victim of the Luftwaffe during World War 2. It was destroyed during the Blitz on the night of 21-22 April 1941. The damage resulted in the loss of the Institution’s library, art and museum collections.
A ‘homeless’ period of 20 years followed with the Institution basing itself at 13 Alexandra Road, Mutley, and holding meetings and lectures in venues including the city museum.
FROM THE ASHES: The Institution was renamed the Plymouth Athenaeum when it moved into its present building in June 1961. It is located on almost the exact location of Foulston’s pre-Blitz original.
THE LIBRARY: Before the Blitz, our library housed more than 10,000 volumes. The library was restored as part of the rebuilt Athenaeum in 1961.
TRUSTEES ANNUAL REPORT 2021
3
INTRODUCTION
The year 2020/21 proved to be one of the most challenging periods in the 209-year history of the Plymouth Athenaeum due to the effects of the Covid-19 pandemic.
What at first appeared likely to be a building closure of a few weeks, turned out, in fact, to encompass the entire Athenaeum year.
The effects of the pandemic required the Society to take a very different approach to our way of operating.
Amidst great uncertainty, and unable to offer access to the building to host events and activities, like many organisations we had to embrace digital technology as a means to try to provide a programme of activities for members.
To do so we organised a regular series of online group sessions through the Zoom video meetings platform for our Writers’, Art and Astronomy groups and a new Literature Group, which encompassed the former Poetry Please and Pleasure of Books groups. Our lectures and talks also went online and we attracted attendees from across the globe for a varied programme of topics and speakers.
Invoking the spirit of our predecessors of 1941, who stood in the wreckage of the Blitzed original Athenaeum building, we also brought our Anniversary Meeting online for the first time in our history.
Through the spring of 2020 we provided digital content directly to members through the ‘BRINGING THE ATHENAEUM TO YOU’ series. Content included quizzes, crosswords, serialisation of the 200th Anniversary book and old lectures being sent regularly to members.
Much of this digital content eventually featured in the ‘Athenaeum Journal’, an exclusive paper publication for members who did not have access to our online resources.
Throughout the summer, autumn and winter of 2020/21, we added more contemporary and digital archival material and lectures and talks to our website, and through new YouTube and Soundcloud channels.
As we face the ‘new normal’, we must continue to find ways to embrace new ways of operating and learning.
TRUSTEES ANNUAL REPORT 2021
4
MANAGEMENT
BOARD OF TRUSTEES
Mr W. Telford (Chairman) Mr J. Hutchins (Vice-Chairman) Mrs V. Gunston (Independent) Mr R. Hexter Dr P. Holden Mr I. Manning Mrs J. Pengilley Mrs M. Tully
Met: 5 times
Thanks to the use of the Zoom video meetings platform, Trustees and Management Committee meetings could take place safely online allowing the organisation to continue transacting its required functions.
We also held our first online Annual General Meeting in November 2020, which featured electronic proxy and in-meeting voting.
A range of cost control measures were quickly put into place during 2020/21 and, where possible, services were deferred, reduced, suspended or discontinued in areas such as employment costs, cleaning and waste, utilities and telecommunications.
COMPANY SECRETARY
Mr O. Ryles
MANAGEMENT COMMITTEE
Mr O. Ryles (Chairman) Mr R. Hexter Mr I. Manning Mrs M. Tully
In what was a trying year, the Trustees put on record their thanks to the small but loyal group of members who helped us to organise a programme of activities and events online.
Our special thanks go to Lecture Secretary, Dr Patrick Holden, for arranging a programme with global interest in very difficult circumstances, and to VicePresident, David Ryles.
Met: 13 times
PRESIDENT
Miss S. Paterson
VICE-PRESIDENTS
Mr D. Ryles Mr R. Wilcockson Mrs E. Willey
The Board would also like to thank the Building and Maintenance and Health and Safety teams, without whom the Charity simply could not function.
Led by Roy Hexter, Ian Manning and David Ryles, when permitted by lockdown restrictions, the team continued to undertake important maintenance and repair work around the building, saving the Charity considerable expense during the pandemic.
TRUSTEES ANNUAL REPORT 2021
5
MANAGEMENT
OBITUARIES
It is with great sadness that we record the deaths of two Past Presidents, Betty Smith and John Warren.
Betty Smith died aged 92 on Tuesday, 3rd November 2020 after a short illness. She had the rare distinction of serving as President of the Society twice, from 1998-2001 and 2005-08. Betty gave great service to the Athenaeum over many years, as recognised by the award of Honorary Life Membership in 2009. Betty is survived by husband, Philip, who received Honorary Life Membership in the same year.
John Warren , who died aged 93 on Saturday, 7th November 2020, was President of the Society from 2016-18, having enjoyed a long and successful career in business. His calm assurance and warm nature made him an excellent President during his term of office.
Betty and John will be greatly missed by all their friends and former colleagues at the Athenaeum.
During 2020/21, the Trustees and officers continued to work to seek a viable future for the management and operation of the Athenaeum building and hope that positive progress can be achieved in more favourable circumstances.
The Board of Trustees would like to put on record its sincerest thanks to Chief Executive, Owen Ryles, for his tireless endeavours in the management and operation of the Charity during an unprecedented threat to the existence of the organisation.
Given the great uncertainty and threat posed by Covid-19, Owen voluntarily went without pay for the first six months of the pandemic and refused to be furloughed to ensure we could continue to operate.
The Charity’s Administrator, Wendy Lynn, has remained on long-term sick leave. The Board of Trustees sends its best wishes to Mrs Lynn.
S E C U R I T Y
There were no incidents involving a threat to the personal security of members.
F IN A N C I A L A C C O U N T S
A full report is sent separately.
M EM B E R SH IP
There were 97 Full members, 9 Life members and 2 Family members (Under16) as of 31st March 2021.
TRUSTEES ANNUAL REPORT 2021
6
STATEMENT OF PUBLIC BENEFIT
During the year 2020/21, the Charity organised a programme of online events and activities, and publications (paper and electronic) that helped it to fulfil its charitable aims of promoting learning in the fields of science, technology, literature and art.
Outside our regular programme of members’ activities, we also offered free public entry to online lectures and talks during the year and provided contemporary and digital archival material and lectures and talks on our website and through YouTube and Soundcloud.
TRUSTEES ANNUAL REPORT 2021
7
De r ry ’s C r os s , P ly m o u th , P L 1 2 SW | ( 0 17 52 ) 2 660 7 9 | i n fo @pl ym ou t ha the na e um .c o .u k w ww .pl y m o u th a the n ae u m . co .uk | P atr on : Th e L or d M ay o r A Co mp an y L i mi ted by Gu ar a nt e e | R e gi s te r ed Co mp a n y N o : 1 96 39 | R e gi s te r ed C h ar i ty No : 2 169 63
Charity Registration No. 216963
Company Registration No. 019639 (England and Wales)
THE PLYMOUTH ATHENAEUM
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE PLYMOUTH ATHENAEUM
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr RB K Hexter | |
|---|---|---|
| Dr PG Holden | ||
| Mr J N Hutchins | ||
| Mr I Manning | ||
| MrWTelford | ||
| Mrs M Tully | ||
| Mrs V Gunston | ||
| Miss N Paterson | (Appointed on 13 January 2020) | |
| Mrs J Pengilley | (Appointed on 13 July 2020) | |
| Secretar | MrO D Ryles | |
| Charity number | 216963 | |
| Company number | 019639 | |
| Principal address | 22 Derry's Cross | |
| Plymouth | ||
| PL1 2SW | ||
| Registered ofice | 22 Derry's Cross | |
| Plymouth | ||
| PL1 2SW | ||
| Independent examiner | One Plus One Accountants | |
| 34/36 Fore Street | ||
| Bovey Tracey | ||
| Devon | ||
| TQ13 9AE |
THE PLYMOUTH ATHENAEUM
CONTENTS
| Page | |
|---|---|
| Trustees' Repor | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
THE PLYMOUTH ATHENAEUM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The company is a charity and its objects are that of the study and promotion of the fine arts, literature, science and technology. The company achieves its objectives by holding meetings and lectures on subjects within its constitution and the provision of a library.
Achievements and performance
This association has published its Proceedings continually from its foundation in 1812. The latest set of proceedings was published in 2014 and work is in hand towards producing our next set of Proceedings. Due to the Covid-19 pandemic, there was a programme of online discussion groups and lectures and talks during the year with arts and science themes.
Financial review
In accordance with the trust deed, the directors have the power to invest in stock, shares and investments in which they see fit. The policy is to adopt an investment strategy which gives a balanced return on income and capital with a medium degree of risk. The investment yielded a return of £6,631 (2020 £7,982)
Structure, governance and management
The Plymouth Athenaeum is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 1 April 1884 as amended by Special Resolutions dated 21 December 1961, 29 June 2009 and 20 August 2018.
- 1 -
THE PLYMOUTH ATHENAEUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The truste94 who also the dIrlOr$ for the purpLw of coThpany who 8eMd durfng the y6ar and up to th• dat• ofslgnaturo of thè fin31 sts8tem8nt W6Ye: Mr R B K Hoxtor Dr P G Holden Mr J N Hutthkns Mr l Mannlng Mr W Tdford MrnMT Mrs V Gun5ton Mt88 N Paternon Mrs J PorvJi11gy IAFpok)W cm 13 Jonuary 20201 (Reslwed (m 02 2020) Iwbrrted 13 July 2020) Tho Report as 4)provod by th• Board and sian8d cfi it• tshatf ty. Dated: 1 Novembw 2021
THE PLYMOUTH ATHENAEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PLYMOUTH ATHENAEUM I report lo the INStees on my ex8min8tion ef the financial statements of The Plymouth Athenaeum (charity) for the year endèd 31 March 2021. RpOn•1b1ll11•$ and ba•18 of roport As thg trustees of tho Ghanty land also its directors for the purpcws of (panY law) you aro resk)nsiblo for the preparatlon of thè fina181 statements in att¢xd8r the requkemenls of the Comp8ns Act 2006 Ilhe 2006 Act). Ha¥lng satisfied myself that the ffinanGial ststements of th8 charfty are not requlr8d to be audited under Part 16 of the 2006 Ad and are eliglble tr Independent examlnation. I retx)rt In Spect of my examSnallon of the ¢h8rity's financial slalemgnl$ carTiod out undor liOn 145 of tho Charttso$ Act 2011 (Ih 2011 Act). In carying out my examinalK¢n I have followfd all the applica)le Directws gfven ty the Charity Commission under s8ction 14515Mb) of the 2011 Acl. Indewnd•nt 8x•mlnef• •tatem•nt I have completed my examination. l ¢onfim) that no matters have (me to my attentlon in conr w6th the examinali¢n giving me ¢ause lo th8t in 8ny Materi resp8¢t'. accounting records were not kept in respect of the tharity as required by section 386 of the 2& P£t: or the finantial stsl8mènls do not 8cccffd with those records,. or the finand81 statements (ki not comply wlth the aceounling requlremenls of sedlon 396 01 the Act other than Bny rgqulremonl th tha 8¢WLFnls give g true and fair vl8w which is not a matter considere(I as part of w indewdenl examination; or the flnanclal statements have not teen prepared In acwrdance wlth the rne11 8rKI prtr1p1es of the Ststhment of Recommended Pr8cli¢e for acccNJnting and r8pt¢rtlng by charities applicable to charitiès preparlThJ thelr accounts In 8cccrfdan¢e with tho Financial Roporting Slandard applkablo in the UK and Republ1¢ of Ir91Bl IFRS 102). I have no ¢on¢ems Bnd h8V8 o)m• across no other matters in conngdlon wtth th8 oxwnlnBtiM to whi¢h &ttenlion shoLbld be drawn in this rewt in tNder to enable a proper undefstanding of the financial ststements to be reached. One Plus One Aceountanls 34136 Fe Street Bovoy TraY Devon TQ13 9AE Datod: 1 N¢)vamber 2021
THE PLYMOUTH ATHENAEUM
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | 40,308 | 40,308 | 3,726 | |
| Charitable activities | 4 | 6,352 | 6,352 | 38,778 | |
| Investments | 5 | 4,149 | 2,487 | 6,636 | 7,983 |
| Total income | 50,809 | 2,487 | 53,296 | 50,487 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 30,119 | 843 | 30,962 | 95,813 |
| Governance cost | 9 | 840 | 840 | 840 | |
| Total resources expended | 30,959 | 843 | 31,802 | 96,653 | |
| Net gains/(losses) on investments | 10 | 35,379 | 21,227 | 56,606 | (47,040) |
| Net income/(expenditure) for the year/ | |||||
| Net movement in funds | 55,229 | 22,871 | 78,100 | (93,206) | |
| Fund balances at 1 April 2020 | 148,185 | 121,559 | 269,744 | 362,950 | |
| Fundbalances at 31 March 2021 | 203,414 | 144,430 | 347,844 | 269,744 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
-4-
THE PLYMOUTH ATHENAEUM BALANCE SHEET ASAT31 AIARCH2021 2(r21 Flx•d M••ts 11 12 273,491 51.770 219,132 Tanglbb 888ei8 325,267 272,714 13 Cash at bank In hand 22.103 rd.551 6.624 Cr•dtt•r•: mount• flllty du• TAIthkn on• y• 14 1974) f9.5941 Nat cmnt asÉetrJ(liaknliti8s) 22.577 (2.9701 Totsl aM•ts l•M cunynt liabilltle• 347,844 .744 Inctym funds Resblthd funds UNo5tiiLted funds- g8noral 144,430 203.414 121.559 148,185 347.844 269,744 The 18 ts118d to the exwlyt1( from the oud5t rffjukement c&tsin•J In SeCik 477 Compories Act 2th%, ts th8 year ended 31 March 2021.No mgmLv of th8 rnpanY ha8 deted a notke. pursuant to 476. wuithj wJdlt of these finondal Statemts. The Iru8tee8 their re8wisibililre8 en8urfno the eth•5ty ka•pg aLX4xmtiThJ r•c£Kds tiieh ply Th4th 8ectlon 386 of the Ad arnl for prepalng fin&)dal Statements vknith glve a Iwe and fak vl•w of the slate of aff81rs of the Company a8 at Ihg er#J of the sear ol its Inc£thlng r88OLf8 and applcAtknn of restyJrc88. incIlIng its inc)m• and expenditure. f( ts lInaal yoar in accordanc¥ wilh tho wequinnants of Sections 394 and 395 end whlch othernvtse cLPIY 4th the requlrem&ts of the Cthnpanb• Pzt 2C•J6 relatlno to lknandal statemmts, so far as appIlt4& lo the CY. se finandal stslements ha¥0 bgon w0pared In K•Xvd8n wovlthn6 aF** to compthe8 s10 to the small companles rggime. The flnonoal sts ments were appvDfftl ty the InJ¥tees Im 1 NONEmI 2tr21. MrOD Comp•ny s•cr•t•ry Company Rtylstratlan No. 019639
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
The Plymouth Athenaeum is a private company limited by guarantee incorporated in England and Wales. The registered office is 22 Derry's Cross, Plymouth, PL 1 2SW.
1.1 Accounting convention
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
1.4 Incoming resources
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-The donor specifies that the donation must only be used in future accounting periods; or
- -The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income is recognised on a receivable basis.
1.5 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them
- 6 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold land and buildings Equally over the term of the lease to 2060 Fixtures and fittings 10% straight line basis Computers 25% straight line basis
Fixed asset investments are included at market value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.
Basic financial assets
1.7 Leases
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Donations and legacies | 1,165 | 3,726 |
| Government grants | 39,143 | |
| 40,308 | 3,726 |
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THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
4 Charitable activities
| Charitable | Charitable Income | |
|---|---|---|
| Income | ||
| 2021 | 2020 | |
| £ | £ | |
| Subscriptions | 4,454 | 7,151 |
| Ladies Committee | 16 | 2,223 |
| Bar Surplus | (295) | (295) |
| Rental income | 420 | 26,006 |
| Theatre income | 3,693 | |
| Other income | 1,757 | |
| 6,352 | 38,778 |
5 Investments
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |
| general | ||||
| £ | £ | £ | £ | |
| Income from listed investments | 4,145 | 2,487 | 6,632 | 7,982 |
| Interest on cash deposits | 4 | 4 | 1 | |
| 4,149 | 2,487 | 6,636 | 7,983 | |
| For the year ended 31 March 2020 | 4,990 | 2,993 | 7,983 |
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THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
6 Charitable activities
| Charitable activities | ||||
|---|---|---|---|---|
| Direct costs | Suppor | Total | Total | |
| costs | 2021 | 2020 | ||
| £ | £ | £ | £ | |
| Employment cost | 10,500 | 10,500 | 21,470 | |
| Establishment costs | 11,626 | 11,626 | 39,856 | |
| Portfolio management costs | 2,249 | 2,249 | 1,916 | |
| Repairs and maintenance | 1,224 | 1,224 | 9,118 | |
| Ofice expenses | 2,381 | 2,381 | 1,805 | |
| Subscription and donations | 470 | 470 | 231 | |
| Sundry and other costs | 26 | 26 | 41 | |
| Cleaning | 613 | 613 | 7,418 | |
| Advertising and promotion | 149 | |||
| Legal and professional costs | 9,033 | |||
| Bank charges | 122 | 122 | 251 | |
| Printing, postage and stationer | 660 | 660 | 1,039 | |
| Books and binding costs | 248 | |||
| Activity expenses | 313 | 313 | 856 | |
| Depreciation of tangible fixed assets | 1,806 | 1,806 | 2,382 | |
| 2,249 | 28,713 | 30,962 | 95,813 | |
| 2,249 | 28,713 | 30,962 | 95,813 | |
| Analysis by fund | ||||
| Unrestricted funds - general | 1,406 | 28,713 | 30,119 | |
| Restricted funds | 843 | 843 | ||
| 2,249 | 28,713 | 30,962 | ||
| For the year ended 31 March 2020 | ||||
| Unrestricted funds - general | 1,198 | 93,897 | 95,095 | |
| Restricted funds | 718 | 718 | ||
| 1,916 | 93,897 | 95,813 |
7 Trustees' remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
-9-
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
8 Employees
The average monthly number employees during the year was
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Number | Number | ||||
| 1 | 2 | ||||
| Employment costs | 2021 | 2020 | |||
| £ | £ | ||||
| Wages and salaries | 10,500 | 21,470 | |||
| 9 | Governance | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Independent examiners' fees | 840 | 840 | |||
| 840 | 840 | ||||
| 10 | Net gains/(losses} on investments | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 2021 | 2020 | ||
| general | |||||
| £ | £ | £ | £ | ||
| Gain/(loss) on sale of investments | 9,712 | 5,827 | 15,539 | 22,432 | |
| Revaluation of investments | 25,667 | 15,400 | 41,067 | (69,472) | |
| 35,379 | 21,227 | 56,606 | (47,040) | ||
| For the year ended 31 | |||||
| March 2020 | (29,400) | (17,640) | (47,040) |
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THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
11 Investments held as fixed assets
| 11 | Investments held as fixed assets | |||
|---|---|---|---|---|
| Listed Cash Deposits | Total | |||
| Investment | ||||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 | 214,489 | 4,643 | 219,132 | |
| Additions - separately acquired | 47,609 | 52,641 | 100,250 | |
| Disposals | (37,102) | (49,857) | (86,959) | |
| Revaluation | 41,068 | 41,068 | ||
| At 31 March 2021 | 266,064 | 7,427 | 273,491 | |
| Amorisation and impairment | ||||
| At 1 April 2020 and 31 March 2021 | ||||
| Carrying amount | ||||
| At 31 March 2021 | 266,064 | 7,427 | 273,491 | |
| At 31 March 2020 | 214,488 | 4,644 | 219,132 | |
| 12 | Tangible fixed assets | |||
| Freehold land | Plant and | Total | ||
| and buildings | equipment | |||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 | 85,199 | 78,837 | 164,036 | |
| At 31 March 2021 | 85,199 | 78,837 | 164,036 | |
| Depreciation and impairment | ||||
| At 1 April 2020 | 32,531 | 77,923 | 110,454 | |
| Depreciation charged in the year | 1,317 | 489 | 1,806 | |
| At 31 March 2021 | 33,848 | 78,412 | 112,260 | |
| Carrying amount | ||||
| At 31 March 2021 | 51,351 | 425 | 51,776 | |
| At 31 March 2020 | 52,667 | 915 | 53,582 |
- 11 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
13 Debtors
| Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| Amounts falling due within one year: | £ | £ |
| Trade debtors | 420 | 4,303 |
| Prepayments and accrued income | 1,028 | 295 |
| 1,448 | 4,598 |
14 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | £ | £ | |
| Other taxation and social security | 189 | 265 | |
| Deferred income | 15 | 278 | 2,058 |
| Trade creditors | 1,424 | 1,424 | |
| Other creditors | (1,757) | 1,485 | |
| Accruals and deferred income | 840 | 4,362 | |
| 974 | 9,594 | ||
| Deferred income | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Other deferred income | 278 | 2,058 | |
| Analysis of net assets between funds | |||
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| £ | £ | £ | |
| Fund balances at 31 March 2021 are represented by: | |||
| Investments | 198,922 | 118,747 | 273,491 |
| Tangible assets | 51,776 | 51,776 | |
| Current assets/(liabilities) | 3,426 | 10,933 | 22,577 |
| 254,124 | 129,680 | 347,844 |
15 Deferred income
16 Analysis of net assets between funds
17 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
- 12 -
Charity Registration No. 216963
Company Registration No. 019639 (England and Wales)
THE PLYMOUTH ATHENAEUM
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE PLYMOUTH ATHENAEUM
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr RB K Hexter | |
|---|---|---|
| Dr PG Holden | ||
| Mr J N Hutchins | ||
| Mr I Manning | ||
| MrWTelford | ||
| Mrs M Tully | ||
| Mrs V Gunston | ||
| Miss N Paterson | (Appointed on 13 January 2020) | |
| Mrs J Pengilley | (Appointed on 13 July 2020) | |
| Secretar | MrO D Ryles | |
| Charity number | 216963 | |
| Company number | 019639 | |
| Principal address | 22 Derry's Cross | |
| Plymouth | ||
| PL1 2SW | ||
| Registered ofice | 22 Derry's Cross | |
| Plymouth | ||
| PL1 2SW | ||
| Independent examiner | One Plus One Accountants | |
| 34/36 Fore Street | ||
| Bovey Tracey | ||
| Devon | ||
| TQ13 9AE |
THE PLYMOUTH ATHENAEUM
CONTENTS
| Page | |
|---|---|
| Trustees' Repor | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
THE PLYMOUTH ATHENAEUM
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The company is a charity and its objects are that of the study and promotion of the fine arts, literature, science and technology. The company achieves its objectives by holding meetings and lectures on subjects within its constitution and the provision of a library.
Achievements and performance
This association has published its Proceedings continually from its foundation in 1812. The latest set of proceedings was published in 2014 and work is in hand towards producing our next set of Proceedings. Due to the Covid-19 pandemic, there was a programme of online discussion groups and lectures and talks during the year with arts and science themes.
Financial review
In accordance with the trust deed, the directors have the power to invest in stock, shares and investments in which they see fit. The policy is to adopt an investment strategy which gives a balanced return on income and capital with a medium degree of risk. The investment yielded a return of £6,631 (2020 £7,982)
Structure, governance and management
The Plymouth Athenaeum is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 1 April 1884 as amended by Special Resolutions dated 21 December 1961, 29 June 2009 and 20 August 2018.
- 1 -
THE PLYMOUTH ATHENAEUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The truste94 who also the dIrlOr$ for the purpLw of coThpany who 8eMd durfng the y6ar and up to th• dat• ofslgnaturo of thè fin31 sts8tem8nt W6Ye: Mr R B K Hoxtor Dr P G Holden Mr J N Hutthkns Mr l Mannlng Mr W Tdford MrnMT Mrs V Gun5ton Mt88 N Paternon Mrs J PorvJi11gy IAFpok)W cm 13 Jonuary 20201 (Reslwed (m 02 2020) Iwbrrted 13 July 2020) Tho Report as 4)provod by th• Board and sian8d cfi it• tshatf ty. Dated: 1 Novembw 2021
THE PLYMOUTH ATHENAEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PLYMOUTH ATHENAEUM I report lo the INStees on my ex8min8tion ef the financial statements of The Plymouth Athenaeum (charity) for the year endèd 31 March 2021. RpOn•1b1ll11•$ and ba•18 of roport As thg trustees of tho Ghanty land also its directors for the purpcws of (panY law) you aro resk)nsiblo for the preparatlon of thè fina181 statements in att¢xd8r the requkemenls of the Comp8ns Act 2006 Ilhe 2006 Act). Ha¥lng satisfied myself that the ffinanGial ststements of th8 charfty are not requlr8d to be audited under Part 16 of the 2006 Ad and are eliglble tr Independent examlnation. I retx)rt In Spect of my examSnallon of the ¢h8rity's financial slalemgnl$ carTiod out undor liOn 145 of tho Charttso$ Act 2011 (Ih 2011 Act). In carying out my examinalK¢n I have followfd all the applica)le Directws gfven ty the Charity Commission under s8ction 14515Mb) of the 2011 Acl. Indewnd•nt 8x•mlnef• •tatem•nt I have completed my examination. l ¢onfim) that no matters have (me to my attentlon in conr w6th the examinali¢n giving me ¢ause lo th8t in 8ny Materi resp8¢t'. accounting records were not kept in respect of the tharity as required by section 386 of the 2& P£t: or the finantial stsl8mènls do not 8cccffd with those records,. or the finand81 statements (ki not comply wlth the aceounling requlremenls of sedlon 396 01 the Act other than Bny rgqulremonl th tha 8¢WLFnls give g true and fair vl8w which is not a matter considere(I as part of w indewdenl examination; or the flnanclal statements have not teen prepared In acwrdance wlth the rne11 8rKI prtr1p1es of the Ststhment of Recommended Pr8cli¢e for acccNJnting and r8pt¢rtlng by charities applicable to charitiès preparlThJ thelr accounts In 8cccrfdan¢e with tho Financial Roporting Slandard applkablo in the UK and Republ1¢ of Ir91Bl IFRS 102). I have no ¢on¢ems Bnd h8V8 o)m• across no other matters in conngdlon wtth th8 oxwnlnBtiM to whi¢h &ttenlion shoLbld be drawn in this rewt in tNder to enable a proper undefstanding of the financial ststements to be reached. One Plus One Aceountanls 34136 Fe Street Bovoy TraY Devon TQ13 9AE Datod: 1 N¢)vamber 2021
THE PLYMOUTH ATHENAEUM
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | 40,308 | 40,308 | 3,726 | |
| Charitable activities | 4 | 6,352 | 6,352 | 38,778 | |
| Investments | 5 | 4,149 | 2,487 | 6,636 | 7,983 |
| Total income | 50,809 | 2,487 | 53,296 | 50,487 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 30,119 | 843 | 30,962 | 95,813 |
| Governance cost | 9 | 840 | 840 | 840 | |
| Total resources expended | 30,959 | 843 | 31,802 | 96,653 | |
| Net gains/(losses) on investments | 10 | 35,379 | 21,227 | 56,606 | (47,040) |
| Net income/(expenditure) for the year/ | |||||
| Net movement in funds | 55,229 | 22,871 | 78,100 | (93,206) | |
| Fund balances at 1 April 2020 | 148,185 | 121,559 | 269,744 | 362,950 | |
| Fundbalances at 31 March 2021 | 203,414 | 144,430 | 347,844 | 269,744 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
-4-
THE PLYMOUTH ATHENAEUM BALANCE SHEET ASAT31 AIARCH2021 2(r21 Flx•d M••ts 11 12 273,491 51.770 219,132 Tanglbb 888ei8 325,267 272,714 13 Cash at bank In hand 22.103 rd.551 6.624 Cr•dtt•r•: mount• flllty du• TAIthkn on• y• 14 1974) f9.5941 Nat cmnt asÉetrJ(liaknliti8s) 22.577 (2.9701 Totsl aM•ts l•M cunynt liabilltle• 347,844 .744 Inctym funds Resblthd funds UNo5tiiLted funds- g8noral 144,430 203.414 121.559 148,185 347.844 269,744 The 18 ts118d to the exwlyt1( from the oud5t rffjukement c&tsin•J In SeCik 477 Compories Act 2th%, ts th8 year ended 31 March 2021.No mgmLv of th8 rnpanY ha8 deted a notke. pursuant to 476. wuithj wJdlt of these finondal Statemts. The Iru8tee8 their re8wisibililre8 en8urfno the eth•5ty ka•pg aLX4xmtiThJ r•c£Kds tiieh ply Th4th 8ectlon 386 of the Ad arnl for prepalng fin&)dal Statements vknith glve a Iwe and fak vl•w of the slate of aff81rs of the Company a8 at Ihg er#J of the sear ol its Inc£thlng r88OLf8 and applcAtknn of restyJrc88. incIlIng its inc)m• and expenditure. f( ts lInaal yoar in accordanc¥ wilh tho wequinnants of Sections 394 and 395 end whlch othernvtse cLPIY 4th the requlrem&ts of the Cthnpanb• Pzt 2C•J6 relatlno to lknandal statemmts, so far as appIlt4& lo the CY. se finandal stslements ha¥0 bgon w0pared In K•Xvd8n wovlthn6 aF** to compthe8 s10 to the small companles rggime. The flnonoal sts ments were appvDfftl ty the InJ¥tees Im 1 NONEmI 2tr21. MrOD Comp•ny s•cr•t•ry Company Rtylstratlan No. 019639
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
The Plymouth Athenaeum is a private company limited by guarantee incorporated in England and Wales. The registered office is 22 Derry's Cross, Plymouth, PL 1 2SW.
1.1 Accounting convention
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
1.4 Incoming resources
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-The donor specifies that the donation must only be used in future accounting periods; or
- -The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income is recognised on a receivable basis.
1.5 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them
- 6 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Freehold land and buildings Equally over the term of the lease to 2060 Fixtures and fittings 10% straight line basis Computers 25% straight line basis
Fixed asset investments are included at market value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.
Basic financial assets
1.7 Leases
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Donations and legacies | 1,165 | 3,726 |
| Government grants | 39,143 | |
| 40,308 | 3,726 |
- 7 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
4 Charitable activities
| Charitable | Charitable Income | |
|---|---|---|
| Income | ||
| 2021 | 2020 | |
| £ | £ | |
| Subscriptions | 4,454 | 7,151 |
| Ladies Committee | 16 | 2,223 |
| Bar Surplus | (295) | (295) |
| Rental income | 420 | 26,006 |
| Theatre income | 3,693 | |
| Other income | 1,757 | |
| 6,352 | 38,778 |
5 Investments
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |
| general | ||||
| £ | £ | £ | £ | |
| Income from listed investments | 4,145 | 2,487 | 6,632 | 7,982 |
| Interest on cash deposits | 4 | 4 | 1 | |
| 4,149 | 2,487 | 6,636 | 7,983 | |
| For the year ended 31 March 2020 | 4,990 | 2,993 | 7,983 |
-8-
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
6 Charitable activities
| Charitable activities | ||||
|---|---|---|---|---|
| Direct costs | Suppor | Total | Total | |
| costs | 2021 | 2020 | ||
| £ | £ | £ | £ | |
| Employment cost | 10,500 | 10,500 | 21,470 | |
| Establishment costs | 11,626 | 11,626 | 39,856 | |
| Portfolio management costs | 2,249 | 2,249 | 1,916 | |
| Repairs and maintenance | 1,224 | 1,224 | 9,118 | |
| Ofice expenses | 2,381 | 2,381 | 1,805 | |
| Subscription and donations | 470 | 470 | 231 | |
| Sundry and other costs | 26 | 26 | 41 | |
| Cleaning | 613 | 613 | 7,418 | |
| Advertising and promotion | 149 | |||
| Legal and professional costs | 9,033 | |||
| Bank charges | 122 | 122 | 251 | |
| Printing, postage and stationer | 660 | 660 | 1,039 | |
| Books and binding costs | 248 | |||
| Activity expenses | 313 | 313 | 856 | |
| Depreciation of tangible fixed assets | 1,806 | 1,806 | 2,382 | |
| 2,249 | 28,713 | 30,962 | 95,813 | |
| 2,249 | 28,713 | 30,962 | 95,813 | |
| Analysis by fund | ||||
| Unrestricted funds - general | 1,406 | 28,713 | 30,119 | |
| Restricted funds | 843 | 843 | ||
| 2,249 | 28,713 | 30,962 | ||
| For the year ended 31 March 2020 | ||||
| Unrestricted funds - general | 1,198 | 93,897 | 95,095 | |
| Restricted funds | 718 | 718 | ||
| 1,916 | 93,897 | 95,813 |
7 Trustees' remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
-9-
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
8 Employees
The average monthly number employees during the year was
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Number | Number | ||||
| 1 | 2 | ||||
| Employment costs | 2021 | 2020 | |||
| £ | £ | ||||
| Wages and salaries | 10,500 | 21,470 | |||
| 9 | Governance | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Independent examiners' fees | 840 | 840 | |||
| 840 | 840 | ||||
| 10 | Net gains/(losses} on investments | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 2021 | 2020 | ||
| general | |||||
| £ | £ | £ | £ | ||
| Gain/(loss) on sale of investments | 9,712 | 5,827 | 15,539 | 22,432 | |
| Revaluation of investments | 25,667 | 15,400 | 41,067 | (69,472) | |
| 35,379 | 21,227 | 56,606 | (47,040) | ||
| For the year ended 31 | |||||
| March 2020 | (29,400) | (17,640) | (47,040) |
- 10 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
11 Investments held as fixed assets
| 11 | Investments held as fixed assets | |||
|---|---|---|---|---|
| Listed Cash Deposits | Total | |||
| Investment | ||||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 | 214,489 | 4,643 | 219,132 | |
| Additions - separately acquired | 47,609 | 52,641 | 100,250 | |
| Disposals | (37,102) | (49,857) | (86,959) | |
| Revaluation | 41,068 | 41,068 | ||
| At 31 March 2021 | 266,064 | 7,427 | 273,491 | |
| Amorisation and impairment | ||||
| At 1 April 2020 and 31 March 2021 | ||||
| Carrying amount | ||||
| At 31 March 2021 | 266,064 | 7,427 | 273,491 | |
| At 31 March 2020 | 214,488 | 4,644 | 219,132 | |
| 12 | Tangible fixed assets | |||
| Freehold land | Plant and | Total | ||
| and buildings | equipment | |||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 | 85,199 | 78,837 | 164,036 | |
| At 31 March 2021 | 85,199 | 78,837 | 164,036 | |
| Depreciation and impairment | ||||
| At 1 April 2020 | 32,531 | 77,923 | 110,454 | |
| Depreciation charged in the year | 1,317 | 489 | 1,806 | |
| At 31 March 2021 | 33,848 | 78,412 | 112,260 | |
| Carrying amount | ||||
| At 31 March 2021 | 51,351 | 425 | 51,776 | |
| At 31 March 2020 | 52,667 | 915 | 53,582 |
- 11 -
THE PLYMOUTH ATHENAEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
13 Debtors
| Debtors | ||
|---|---|---|
| 2021 | 2020 | |
| Amounts falling due within one year: | £ | £ |
| Trade debtors | 420 | 4,303 |
| Prepayments and accrued income | 1,028 | 295 |
| 1,448 | 4,598 |
14 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | £ | £ | |
| Other taxation and social security | 189 | 265 | |
| Deferred income | 15 | 278 | 2,058 |
| Trade creditors | 1,424 | 1,424 | |
| Other creditors | (1,757) | 1,485 | |
| Accruals and deferred income | 840 | 4,362 | |
| 974 | 9,594 | ||
| Deferred income | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Other deferred income | 278 | 2,058 | |
| Analysis of net assets between funds | |||
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| £ | £ | £ | |
| Fund balances at 31 March 2021 are represented by: | |||
| Investments | 198,922 | 118,747 | 273,491 |
| Tangible assets | 51,776 | 51,776 | |
| Current assets/(liabilities) | 3,426 | 10,933 | 22,577 |
| 254,124 | 129,680 | 347,844 |
15 Deferred income
16 Analysis of net assets between funds
17 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
- 12 -