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|CONTENTS|||||PAGE|
|---|---|---|---|---|---|
|Trustees Report and Report|of Council|||||
|Reference and Administrative<br>Information||||||
|Performance<br>Report||||||
|Overview||||||
|Performance<br>Analysis||||||
|Accountability<br>Report||||||
|Corporate Governance|Report||||21|
|Statement ofTrustees|and Accounting||Officer's Responsibilities||22|
|Governance<br>Statement|||||23|
|Remuneration<br>and StaffReport|||||29|
|Parliamentary<br>Accountability||and Audit Report|||34|
|The Certificate aad Report|ofthe|Comptroller||and Auditor General to tbe|36|
|Houses ofParliament||||||
|Consolidated<br>Statement ofFinancial Activities||||||
|Consolidated<br>Balance Sheet|||||41|
|Consolidated<br>Cash Flow Statement|||||42|
|Notes to the Financial Statements|||||43|





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|Play Base|75,283|953|-99%|
|---|---|---|---|
|School visits|11,022|300|-97%|
|TSCvisitors|1,106|170|45%|
|General visitors|153,661|10,113|-93%|
|Total footfall|241,072|11,536|-95%|
|Digital footfall|1,723,206|2,012,705|17%o|
|Online: collections|15%|18%|20%|
|Online: what's on/stories|83%|79%|-5%|
|Members<br>atrons|578(30)|582(26)|Io/o(-13)%|
||83%|79%||





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|En uirles||||4,144|4,306|4%|
|---|---|---|---|---|---|---|
|Ob'acts<br>hoto||ed||11,827|2,057|-83%o|
|Ob'acts<br>blished||online||2,186|4,6]2|110%o|
|Accessions<br>ob'acts|(archives||and|]78|352|98%|
|||||82.5|73,7|-11%|
|Volunteers||||82||-91%|
|Tunlover||||19.6%o|13%|-34%|
|Income||||87,448,000|67,229,000|-3%o|
|Expenditure<br>de<br>iation|including|||$7,413,000|87,687,000|4%|
|and losses||||835000|(&l58000)|(f493 000)|
|Donations||||$134,000|KI65,000|23%|
|Venue Hire||||F81,085|$4,257|-95%|
|Other Revenue||||f494,685|$115,050|-77%|
|Total Revenue||||8575,770|8119,307|-79%|
|Ex<br>diture||||f481,830|f235,566|-51%|
|Net Profit/ Loss||||693,940|(6116,259)|-224%|





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|Members ofCouncil<br>Members ofCouncil who served during the reporting period were as foflows:|Members ofCouncil<br>Members ofCouncil who served during the reporting period were as foflows:|
|---|---|
|General Sir Richard Shirreff KCBCBE(Chair until 30September 2021)||
|Lieutenant<br>General Sir Simon Mayall KBECB(Chair from|30 September 2021)|
|Mr Patrick Aylmer||
|Dr Jonathan Boff||
|Mrs Judith Donovan CBE||
|Mr John Duncan OBE||
|Mr Guy Pemcone<br>Professor Andrew Roberts PhD- joined Council November|2020|
|Dr Paul Schreier||
|Ms Jessica Spungin —resigned from Council February 2021||
|Mrs Sabine Vandenbroucke||
|Mr William Wells||



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|,<br><br>ovid.19.Listed|<br> below are the Council Members|and their attendance<br>at Council|meetings.|
|---|---|---|---|
|Post||Name|Meetings whilst|
||||Member/Meeting|
||||Attendance|
|Chair|General Sir Richard Shirreff|KCBCBE|6/6|
|Members|Mr Patrick Aylmer||6/6|
||Dr Jonathan Boff||6/6|
||Mrs Judith Donovan CBE||6/6|
||Mr John Duncan OBE||6/4|
||Lieutenant<br>General Sir Simon Mayall KBECB||6/6|
||Mr Guy Pemcone||6/6|
||Professor Andrew Roberts PhD||2/2|
||Dr Paul Schreier||6/6|
||Ms Jessica Spungin||6/6|
||Mrs Sabine Vandenbroucke||6/6|
||Mr William Wells||6/6|



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|Post|||Name|Meetings <br>Member/Meeting|whilst<br>Attendance|
|---|---|---|---|---|---|
|Chair|Mr|Patrick Aylmer||4/4||
|Members|Mr|John Duncan||4/4||
||Mr|Guy Perricone||4/4||
||Mrs|Sabine Vandenbroucke||4/4||
||Mr|Robin Grimston||4/4||
||Ms|Brenda Hobday||4/2||



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|t the meetings:|||||
|---|---|---|---|---|
|Post||Name|Meetiags <br>Member/Meetlag|whilst<br>Attendance|
|Chair|Lieutenant<br>General|Sir Simon Mayall KBECB|2/2||
|Members|Mr John Duncan OBE||2/2||
||Dr Jonathan Boff||2/2||
||Mrs Sabine Vandenbroucke||2/2||
||Professor William|Philpott|2/2||



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|t the meetings:|||||
|---|---|---|---|---|
|Post||Name|Meetings <br>Member/Meeting|whilst<br>Attendance|
|Chair|General Sir|Richard Shirreff KCBCBE|I/I||
|Members|Ms Jessica|Spungin|I/I||
||Mr William|Wells|I/I||





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|t the meetings|:|||
|---|---|---|---|
|Post|Name|Meeting|whilst|
|||Member/Meeting|Attendance|
|Chair|Mr William Wells|4/4||
|Members|Mr Patrick Aylmer|4/3||
||Dr Paul Schreier|4/2||
||Mrs Judith Donovan CBE|4/4||
||Mr Guy Pemcone|4/3||
||Mr Tim Cooke|4/2||



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||Salary (f.'000)|Salary (f.'000)|Performance <br>f'000|Performance <br>f'000|Par|Benefits in kins (to<br>6100<br>nearest|Benefits in kins (to<br>6100<br>nearest|Benefits in kins (to<br>6100<br>nearest|Pension <br>'000|benefits|Total remuneration<br>6'000|Total remuneration<br>6'000|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||2020/21|2019/20|2020/21|2019/20||2020/21||2019/20|2020/21|2019/20|2020/21|2019/20|
|Justin Msciejewski|140-145|140-145|0-5||5-10||||||145-150|150-155|
|Director|||||||||||||
|Mt&e O' Connor|70-75|70-75|||||||25|22|95-100|90-95|
|De<br>Directe~<br>Teresa Scott|65-70|65-70|||0-5||||27|37|95-100|105-110|
|Assistant Direclor-|||||||||||||
|Human<br>Resources<br>lan Maine|65-70|65-70|||0-5||||||70-75|65-70|
|Assistant Director|||||||||||||
|—Collect/ ous amt|||||||||||||
|Pro<br>er<br>Dawn Watkins|65.70|65-70|0-5||0-5||||||70-75|65-70|
|Assistant Director|||||||||||||
|—Ent<br>rise|||||||||||||





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||Acctaed pension|Acctaed pension|Real increase in|Real increase in|CETV at|CETV at|Real increase|Employers|Employers||
|---|---|---|---|---|---|---|---|---|---|---|
||st pension aae as||pension and||31 March 2021|31March 2020|in CETV|contribution||to|
||at31||related|||||NEST|pension||
||March|2021 end|lump sam at|||||or personal|||
||related|1am<br>snm|nsion||||||||
|||||f'000||k7000||t(nearest|E100)||
|Justin||||||||7,000|||
|Maciejewski|||||||||||
|Director|||||||||||
|Mike O' Connor||20-25||0-2.5|442|424|23||||
|De<br>n' Director|||||||||||
|Teresa Scott|25-30 pius a||0-2.5|plus a lump|397|367|13||||
|4sristant Director|lump|sum of45-|sum of0-2.5||||||||
|-Human||50|||||||||
|Resources|||||||||||
|lan Maine||||||||3,500|||
|4ssisttnt Director|||||||||||
|—Collections and|||||||||||
|Pro<br>rammes|||||||||||
|Dawn Watkins||||||||3,500|||
|4ssisian! Director|||||||||||
|—Enter<br>rise|||||||||||



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|Staffcosts|and staff numbers|(Subject toaudit|)|
|---|---|---|---|
|||2020/21|2019/20|
|||f.'ooo|4'ooo|
|Stair costs|comprise:|||
|Wages eud|salaries|2,934|2,888|
|Social security costs||283|284|
|Pension costs||326|331|
|Redundancy|costs|61|0|
|Tempormy<br>recruitment|eieffeud<br>costs|595|657|



|The average number ofs|enior management<br>and|staff|was:|
|---|---|---|---|
||2020/21||2019/20|
|Collectlous||42|44|
|Cumtoriel||21|24|
|Fducatiou||7|4|
|Publicity||5|5|
|Trading||12|14|
|Fuudrsislng||4e|2<br>9|





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|s bas|ed on salary ban|ds as follows:|||
|---|---|---|---|---|
|Band|one|f23,000|and under|26.6%|
|Band|two|f23,001|- f45,500|27.1%|
|Band|three|f45,501|- f77,000|27.9%|
|Band|four|f77,001|and over|30.3%|



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|Trade Union Facility|Tim|e (these tabl|es are|not subject to audit)|||
|---|---|---|---|---|---|---|
||||||2020/21|2019/20|
|Table I|||||||
|Number ofemployees|who|were relevant|union|officials during the period|||
|Table 2|||||||
|Percentage oftime|||||||
|0%|||||||
|1-5P%|||||||
|51-99%|||||||
|100%|||||||
|Table 3|||||||
|Total costoffacility time|||||f0|f0|
|Total pay bill|||||&,604,000|S3,503,000|
|Percentage ofthe total pay||bill spent on facility||time|0%|0%|
|Table 4|||||||
|Time spent on paid trade union activities|||as apercentage oftotal paid facility time||0%|P%|
|PARLIAMENTARY|ACCOUNTABILITY|||AND AUDIT REPORT|||
|Regularity ofExpenditure||(Subject to Audit)|||||





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|Expenditure<br>over the last five|financ|ial years a|s reported|in the fin|ancial<br>state|ments<br>is su|inmarised<br>as follows:|
|---|---|---|---|---|---|---|---|
||||2021|2020|2019|2018|2017|
|||6'000||g'000|Z'000|8000|8'000|
|Staffcosts|||4,199|4,160|3,685|3,544|3350|
|Premises costs|||1,028|1,050|1,074||415|
|Collection maintenance|||530|357|574||1,443|
|Events and promotion|||270|528|472|783|504|
|Depreciation<br>and hss on disposal|||970|862|894|901|482|
|lmpasment<br>and impairment|reversal||0|(378)|(649)|(1,192)|7,659|
|Administration<br>and other|||690|$34|853|973|935|
||||7,687|7413|6903|649|146$8|
|g%~||||||||
|BRIGADIER JUSTIN MACIEJEWSKI DSO|||MBE|LIEUTENANT GENERAL SIR SIMON MAYALL KBECB||||
|DIRECTOR AND ACCOUNTING||OFFICER|||CHAIRMAN,||ON BEHALF OF COUNCIL|





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|||||NOTE|Unrestricted|Restricted|Restricted|Total Funds|Totsl Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds||2020/21|2019/20|
|||||||8'000||8'000|8'000|
|Iuceme uud endowments|||from:|||||||
|Donations<br>and legacies||||||||||
|Grsnt-in. Aid|||||6,713||130|6,843|6,616|
|Other|||||23||142|165|134|
||||||6,736||272|7,008|6,750|
|Trading activities|||||103||47|150|681|
|Investments|||||0||6|6|8|
||||||6,839||325|7,164|7,439|
|Other|||||65||0|65|9|
|TOTAL|||||6,904||325|7329|7448|
|Expenditure<br>on:||||||||||
|Raising funds|||||1,109||77|1,186|1,345|
|Charitable<br>solivities|||||5,766||735|6,501|6,068|
|TOTAI.|||||62175||812|7687|7s413|
|Operating<br>surplus/(deficit)|||||29||(487)|(458)|35|
|Net gains/(lasses)|on investments||||||47|47|(43)|
|Net income/(expenditure)|||||29||(440)|(411)|(8)|
|Transfers<br>between||funds|||64||(64)|0|0|
|Other meogaised||gains/(losses):||||||||
|Gains/(losses)<br>on|revaluation offixed assets||||73|I|086|I 013|487|
|Net movement<br>in||funds|||166|(1490)||(I 424)|479|
|RECONCILATION<br>OF|||FUNDS|||||||
|Total funds bmught||forumd|||64,201|43,505||107,706|107,227|
|Total funds carried forward|||||64367|41,915||106282|107.706|





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||||YEAR|ENDED 31STM|ENDED 31STM|ARCH 2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2021|||||2020||||
|||NOTE|Group||Charity||Group|||Charity|||
||||81000|81000|glQQQ|fIQQQ|glQQQ|81000||glQQQ|glQQQ||
|FIXEDASSETS|||||||||||||
|Tangible assets||7|38,486||38,484||40,102|||40,100|||
|Heritage assets||8|67,544||67,544||67,429|||67429|||
|||||106,030||106,028||107,531|||]07,529||
|CURREftT ASSETS|||||||||||||
|Stocks|||121|||0|132||||0||
|Debtors||9|492||595||448|||616|||
|Investments||10/11|244||294||197|||197|||
|Cash at bank and in|hand|11|332||313||375|||341|||
||||1,189||1,202||1,152|||1,154|||
|CURRENT LIABILITIES|||||||||||||
|CREDITORS:|||||||||||||
|Amouats<br>falling due within<br>one year||12a|~(757||~722||~626|||~(626|||
|NET CURRENT ASSETS/||||432||480|||526|||528|
|(LIABILITIES)|||||||||||||
|CREDITORS:|||||||||||||
|Amounts<br>falling duc after<br>more than one year||12b||~180||~133||~351|||~351||
|TOTAL NET ASSETS||||106,282||106,375||107|706||107,706||
|RESERVES|||||||||||||
|Unrestricted<br>Funds||||64,093||64,186||64,000|||64,000||
|Unrestricted<br>Revaluation||||274||274|||201|||201|
|Total Unrestricted|Funds|13||64 67||~64 460||64|01||64|01|
|Restricted<br>Funds<br>Restricted Revaluation||||40,466<br>~1449||40,466<br>1,449||40,970<br>~2535|||40,970<br>~235||
|Total Restricted Funds||13||~41 915||41,915||~43|505||43|05|
|||14||~106 282||106,375||~107|706||~I07|706|





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Funds|Funds|
||||||Funds|Funds|2020/21|2019/20|
||||||8'000|f.'000|8'000|8'000|
|Cash flows from operating|activities:||||||||
|Net cash provided<br>by (used|in) operating||activities||678|116|794|367|
|Cash flows from investing activities:|||||||||
|Purchase oftangible assets|||||(367)|0|(367)|(184)|
|Proceeds from sale ofheritage assets|||||0|26|26|0|
|Purchase ofheritage assets|||||0|145|145|300|
|Net cash provided<br>by (used|in) investing||activities||367|119|486||
|Cash flows from flnancing|activfdes:||||||||
|Repayments ofborrowing|||||(354)|0|(354)|O9)|
|Cash isflows from new borrowing|||||50|0|50|0|
|Net cash provided<br>by (used|in) financing||activities||304|0|304|19|
|Change in cash and cash equivalents||iu the||reporting|||||
|period||||||(3)|4|(136)|
|Cash and cash equivalents|st the beginning|||ofthe|||||
|reporting<br>period||||||475|572|708|
|Cash and cash equivalents|at the end|of|the|reporting|||||
|period|||||104|472|576|572|
|An analysis ofcash snd cash equivalents|||together with an analysis ofchanges in net debt is given|||||in note|
|11ofthe financial statements.|||||||||
|Reconciliation<br>ofnet income/(expenditure)||||to net cash flow from operating||activities|||
|Net income/(expenditure)<br>for tbe reporting||||period (ss|||||
|per the statement offinancial activities)|||||29|(440)|(411)|(8)|
|Adjustments<br>for:|||||||||
|Depreciation<br>charges|||||259|711|970|862|
|Interest payable|||||14|0|]4|18|
|Impairment<br>and impairment|reversal||||0|0|0|(378)|
|Loss/(profit)<br>on the disposal|ofberitage|assets|||0|44|44|0|
|Tangible fixed asset adjustments|||||0|0|0|60|
|Donated heritage assets|||||0|(40)|(40)|(21)|
|Transfer between<br>funds|||||64|(64)|0|0|
|(Increase)/decresse<br>in stocks|||||11|0|11|2|
|(Incresse)/deciesse<br>in debtors|||||58|(102)|(44)|249|
|Increase/(decresse)<br>in creditors|||||243|7|250|417)|
|Net cmh provided<br>by (used|in) operating||activities||678|116|794|367|





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|Leasehold<br>Buildings|57years|
|---|---|
|Fit-out ofBuildings|48years|
|Plant and Machinery|34years|
|Short Leasehold Improvements|41 years|
|Computer<br>Equipment|5-10years|
|Fixtures and Fittings|10years|



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|2.<br>Statement|ofFi|na|ncial Activities f|or the Charity|aton|e|||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Tots(Funds|Total Funds|
|||||Fends||Fuads|2020/21|2019/20|
|||||||0'000||0'000|
|Income and endowments||from:|||||||
|Donations and legacies|||||||||
|Grant-in-Aid||||6,713||130|6,843|6,616|
|Other|||||23|142|165|273|
|||||6,736||272|700$|6,889|
|Trading activities<br>investments|||||26<br>3|47<br>6|73<br>9|106<br>10|
|||||6,765||325|7,090|7,005|
|Other||||||0|0|8|
|TOTAL||||6765||325|7,090|7013|
|Kxpcndits reon:|||||||||
|Raising fimds||||900||77|977|882|
|Chwitable<br>activities||||5,743||735|6,478|6,052|
|TOTAL||||6/643||$12|7455|6,934|
|Operating<br>surplus/(dcficit)|||||122|(487)|(365)|79|
|Net rains/(losses)|on investments|||||47|47|(43)|
|Net income/(expenditure)|||||122|(440)|(318)|36|
|Transfers benveen funds|||||64|(64)|0|0|
|Other recognised|gaios/(losses):||||||||
|Gains/(losses)<br>on|revaluation||offixcd assets||73|1 086|1,013|4$7|
|Net movement<br>in|funds|||259||(1,590)|(1431)|523|
|RECONCI LATION OF||FUNDS|||||||
|Total funds brought<br>forward||||64,201||43,505|107,706|107,183|
|Total funds carried forward||||64|460|41915|106375|107706|





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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2019/20|
||||8'000|||
|income and endowments||from:||||
|Donations<br>and legacies||||||
|Grmt-in-Aid|||6,486|130|6,616|
|Other|||93|41|134|
||||6,579|171|6,750|
|Trading activities|||681|0|681|
|lnvesunents|||0|8|8|
||||7,260|179|7,439|
|Other||||0|9|
|TOTAL|||7,269|179|7,448|
|Expenditure<br>an:||||||
|Raising funds|||1,313|32|1,345|
|Charitable<br>activities|||5,750|318|6,068|
|TOTAL|||7,063|350|7,413|
|Operating<br>surplus/(deficit)||||(171)|35|
|Net gains/(losses'1|on investments|||(43)|(43)|
|Ftet income/(expeaditure)|||206|(214)|(8)|
|Transfers<br>between funds|||49|(49)|0|
|Other recognised|gains/(losses):|||||
|Gains/(losses)<br>on|revaluation offixed assets||27|460|487|
|Net mevement<br>in|funds||282|197|479|
|RKCO)4CtLATtott<br>OF||Ftinns||||
|Total funds brought fornmd|||63,919|43,308|107,227|
|Total funds canied forward|||64.201|43,505|107,706|





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|4.<br>Income and en|dowments|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Fllsds|Funds|Funds|Funds|
|||||||2020f21|2019720|
|||||f'000|f'000|f'000|f'000|
|(s) Donations<br>and legacies cotnpriset||||||||
|Grant-in-Aid;||||||||
|-Operating||||6,713|0|6,713|6,486|
|-Exhibits||||0|130|130|130|
|||||6713|130|6,843|6,616|
|Grants towards<br>acquisition<br>ofheritage <br>-The Art Fund|||assets:||16|]6|0|
||||||16|16|0|
|Other restricted donations||||||||
|-Donated heritage assets|||||40|40|21|
|-Development <br>-Grant towards|ofFoyle teaming <br>tank installation||suite<br>display||0<br>65|0<br>65|20<br>0|
|-Other projects|||||21|21|0|
||||||126|126|41|
|Other unrestdcted<br>donations||||23|0|23||
|Total other donations||||23|142|165|134|
|Total donations<br>and legacies||||6736|272|7008|6750|
|(b) Trading income comprises<br>-Shop sales<br>—Playbase and childtens<br>-Exhibitions||parties||39<br>4<br>27|0<br>0<br>47|39<br>4<br>74|201<br>247<br>8]|
|—Room hire||||7|0|7|81|
|—Other||||4|0|4|71|
|||||81|47|128|681|
|Deferred tenon NAMTL loss||||22|0|22|0|
|||||103|47|150|681|
|(c)Other operating<br>income comprises||||||||
|-Government<br>Covid-19support|||grants|||65||
|-Other||||||0||
|||||65|0|65||





## 

## 

## 

|||||||||Trading||Fuadraisiug|Total||Total|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020/21||2019/20|||||
|||||||||HOOO||f'000|8'000||ROOO|||||
|Staffcosts|||||||||471|226||697||723||||
|Premises costs|||||||||30|31||6)||||||
|Cast ofsales|||||||||23|0||23||)69||||
|Subsidiary<br>overheads|||||||||6|0||6||24||||
|Collections maintenance|||||||||0|29||29||9||||
|Depreciation<br>snd||loss on disposal|||||||39|40||79||62||||
|Impairment<br>and impairment||||rcvusai|||||0|0||0||(27)||||
|General sdminisn'stion|||costs||||||13|35||48||78||||
|Consultancy|||||||||I|I||2||2||||
|Insurance<br>and protmsional||||fees||||||8||16||9||||
|Suppon costs|||||||||83|52||135||154||||
|Governance|||||||||55|35||90||85||||
||||||||||729|457|I|186|1|345||||
|(0) Rcpcndltnre|on Charitable||||Actiritlcs compris:|||||||||||||
|||||||Collections||Cumtorisl||rdscedon|Publirity||Total||Total|||
||||||||||||||2020/21||2019/2ll|||
|||||||8'000||ROOO||6'000|5,'000||F000||gt)00|||
|Staffcosts||||||I,|143||859|368||284|2,654||2,558|||
|Premises costs|||||||532||145|58||52||787||826||
|Cogections maintenance|||||||501||0|0||0||501||348||
|Event casts|||||||0||0|49||0||49||101||
|Promotion costs|||||||0||0|0||221||221||427||
|Deprecinicn<br>snd||loss on disposal|||||322||189|76||68||655||617||
|lmpairmeni<br>and|impairment|||revrssal|||0||0|0||0||0|(270)|||
|General administration|||costs||||115||70|26||25||236||251||
|Consultancy|||||||10||6|2||2||20||)6||
|insurance<br>snd professional||||fees|||62||37|15||)3||127||95||
|Interest payable|||||||14||0|0||0||14||18||
|Support casts|||||||380||184|85||94||743||699||
|Governance<br>costs|||||||252||124|56||62||494||382||
|||||||3|331|1|614|735||821|6|501|6|068||
|(c)Commence|nod sappsrt casts|||||comprise:||||||||||||
|||||||||||||2020/21||||2019/20||
|||||||||Homes||Information|Total|||||||
|||||||fessace||Resources||Tecboolag)|Suppsri||Goverasnce||Sspport||Govcrnsace|
|||||||8'000||67)00||0'000|F000||8'000||47000||FOOO|
|Strifcosts|||||||252||167|128||547||301||588|291|
|Premises costs|||||||50||32|26||108||72||118|49|
|Depreciation<br>endless<br>on disposal|||||||65||43|35||143||93||129|54|
|impairment<br>snd|impairment|||reversal|||0||0|0||0||0||157)|(24)|
|General administration|||costs||||22||15|12||49||34||52|22|
|Sstema) audit|||||||0||0|0||0||34||0|35|
|Internal audit|||||||0||0|0||0||12||0|14|
|Consultancy|||||||2||I|I||4||3||4|2|
|Insurance<br>and professional||||fees|||12||8|7||27||35||19|19|
|Trustees<br>meenses||and|meeting cmts||||0||0|0||0||0||0|5|
||||||||403||266|209||878||||853|467|





## 

## 

## 

## 

|addition, NAM incur|red fNII (20|20:f2,482) in relati|on to|Trustee mee|ting|costs.||||
|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||Tatal||Total||
|6.Total expenditure|is|Funds||Funds||2020/21||2019/20||
|stated after charging|the|||||||||
|following items:||f'000||8'000||f'000||f'000||
|Auditors'<br>remuneration||||||||||
|-audit services|||34||||34||35|
|Stat costs||||||||||
|-wages and salaries||2,934|||0|2,934||2,888||
|-social security costs|||283||0||283||284|
|-pension costs|||326||0||326||331|
|-redundancy<br>costs|||61||0||61||0|
|-temporary<br>staff and|||585||10||595||657|
|recruitment<br>costs||||||||||
|||4|189||10|4|199|4|160|
|Operating<br>lease costs||||||||||
|-lead and buildings|||242||||242||235|
|-other|||13||||13||13|
||||255||0||255||248|





|K~<br>CoC2<br>O|K~<br>CoC2<br>O||||O<br>CC|UOgh<br>Ct 00<br>Ct<br>CI 3|UOgh<br>Ct 00<br>Ct<br>CI 3|UOgh<br>Ct 00<br>Ct<br>CI 3|UOgh<br>Ct 00<br>Ct<br>CI 3|O<br>'Cj|||3=:<br>oto<br>Cj<br>O|3=:<br>oto<br>Cj<br>O|3=:<br>oto<br>Cj<br>O||C)<br>CI|||00|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|tj. <br>00|n<br>to|CU<br>O|tO|t|||g<br>o%3<br>Ct<br>ct<br>to<br>Ct||||||Ct<br>3||Co|||||oj<br>k|
|g|Co<br> 0||||||||||||||V||||||
|O|||||||||||||||||||||
||a'||||||||||||||||||||
||f.||||||||||||||||||||
||40||||||||||||||||||||
||||||||||||Ut||||P||||||
|||||||o|Vt|oo|IU<br> 0||40<br>4|O|D<br>00<br> 0'|O|O'<br>Ut||||||
||4|||||||||||||||||3|||
||D||||||||||||||||||||
||O|||||||||||||||g||o|||
||DDO||||||||||||||00<br>w||||||
||D||||||||||||||||||||
||E||||||||||||||||||||
|||||||D|W|Ul|w<br>U<br>4||to<br>O|D|4|P <br> O|0<br> P||||||
||D||||||||||||||||||'CjF||
|||||||||||||||||R<br>O||3<br>00|3||
||||||||||||00<br>Ctt<br>4|O|CC0<br> 4t|0|4<br>00||||||
||R||||||||||||||||||||
||O||||||||||||||||||||
|||PD|||||||||P||||||||||
||40|||||l|P <br> 00|00 <br> 40 <br> O|O<br> V<br> ht||||||||||||





## 

## 

|The|valuation|apportioned|the total land and buildings|the total land and buildings|as follows:|
|---|---|---|---|---|---|
|||||Z000||
||Land|||8,800||
||Structure ofbuildings|||13,858||
||Fit-out ofbuildings<br>Pl<br>9<br>61w|||4,201<br>11995||
|||||38 854||



## 

||||Muse am||
|---|---|---|---|---|
||||Collection||
||||8'080||
|At commencement<br>Additions<br>Disposals|ofyear||67,429<br>185<br>~78||
|At end ofyear|||6<br>44||
|Net Book Value at|31 March 2021||67.547||
|Net Book Value at|31 March 2020||67.<br>9||
||||2021|2020|
||||ZINO|8'000|
|The carrying<br>value|comprises:||||
|Exhibits|||35,658|35,640|
|Fine aud decorative|arts||20,202|20,109|
|Archives,<br>photographs,||film and sound|10,531|10,527|
|Printed books|||I 153|I 153|
||||67544|67429|





## 

||||2021||2020|2020|2019|2019||20]8|||2017|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||f'000||8'000<br>8'000|||||f'000|||f'000|
||Additions|||||||||||||
||Purchases||145|||300<br>256||||105|||253|
||Donations||40||||21|||30|||150|
||Total Additions||185|||321||256||135|||403|
||D~is<br>sale|||||||||||||
||Sales Proceeds||26|||||||||||
||Carrying|Value|70|||||141||||||
|||||||||141||||||
|(c) Grant Received||||||||||||||
|During the year the Museum received grants towards the <br>part ofits Orant-in-Aid<br>funding. These grants were used||||purchase ofitems for its collection off130,000(2020<br> to fund the purchase ofheritage assets noted above wi||||||||||
|grants being carried fonvard to||fund future acquisitions.||||||||||||
|||||Group|||Charity||Group<br>Charity|||||
|9.Debtom||||2021|||2021||2020||2020|||
|||||8'000|||0'000||8'000<br>0'000|||||
|Trade debtors|||||21||15|||53||21||
|VAT debtor|||||152||151|||154||168||
|Prepaynunts|and accrued income||||191||189|||239||238||
|Amounts<br>due|fiom subsidiary|undertaking|||0||140|||0||187||
|Other debtors|||||128||100|||2|||2|
||||||492||595|||448||616||
|Amounts<br>due|from subsidiary<br>undertaking||represents<br>an|unsecured||loan toNAMTL. During the year|||||||afurther l|
|was made and|the terms ofthe|existing loan renegotiated.|||The loan||is repayable||over 5 years||and|carries inte||
|annum.<br>1ncluded<br>in the amount||due isf124,000(2020;f38,000)repayable atter||||||more||than one|year.|||
|Other debtom|for the group includes f22000(2020:fnil)|||fora de fenud tax asset in|||||relation totrading||||losses of|
|will be canied|forward<br>and offset against||the tax arising|on|future NAMTL taxable profits.|||||||||
|||||Group|||Charity||Group||Charity|||
|10.Unlisted|investments|||2021|||2021||2020||2020|||
|||||f'000|||f'000||f!000||f'000|||
|investment<br>in|subsidiary<br>undertaking||||||50|||||||
|(note 10a)||||||||||||||
|Qtheh i~ves mania||||||||||||||
|Market value|at beginning ofyear||||197||197|||240|||240|
|Add: acquisitions<br>at cost||||||||||||||
|Less: disposals||||||||||||||
|Net unrealised|investment<br>(loss)/gains||||47||47|||43)|||143|
|Market value|at end ofyear||||244||244|||197|||197|
|Total unlisted|investments||||244||294|||197|||197|



## 



## 

## 

## 

|The assets and l|iab|ilities|ofthe subsidiary<br>were:||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||K'000||0'000|
|Fixed assets|||||2|2|
|Current assets|||||176|255|
|Creditors: amounts||falling|due within one year||(51)|(219)|
|Creditors: amounts||falling|due atter more than one year||171|3$|
|||||2021||2020|
|||||0'000||f'000|
|Share capital|||||50||
|Surplus/(deficit)|retained||in subsi dier&||94||



## 

|y Museum<br>Tradi|ng Limited||||
|---|---|---|---|---|
||||2021|2020|
||||0'000|0'000|
|Turnover|||54|575|
|Costof sales and|administrative|expenses|(235)|(481)|
|Interest receivable|||0|0|
|Other Operating|income||65|0|
|Net profit/(loss)|before taxation||(116)|94|
|Taxation -deferred tax|||(22)||
|Net profit/(loss)|afier taxation||94|94|





## 

## 

## 

||||||Group<br>2021|Charitl<br>2021|Charitl<br>2021|Group<br>2020|Charity<br>2020|Charity<br>2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||6'000|d'000||6'000|e'000||
|Cash at bank and||in|hand||332||313|375||341|
|Invostmsnts|||||244||294|197||197|
||||||576||607|572||538|
|Analysis<br>efchanges||||in net dain|||||||
||||||At start|Cash-|Interest|Other non-||At ond|
||||||oryear|flovv'u|payable|cash|chaaass|oryear|
||||||r.'ooo|e'000|e'000|e'oao||e'ooe|
||||||375|(43)||||0<br>332|
|Cash cquivalunts||- invustmcais|||19'I|0|||47<br>244||
||||||572|43\||0|47<br>576||
|Loans falling<br>Loans rolli<br>g|duo <br> dus|within <br> after||one year<br> nvorc than one your|139<br>351<br>490|(351)<br>47<br>304|14<br>0<br>14||218<br>20<br>218<br>180<br>0<br>200||
|Total|||||8u|261|14||47<br>376||
|12s.Creditorst|Amounts|||rsuine due within oae year|Group|Charity||Grasp||Cbarily|
||||||2021|2021||2020||2020|
||||||POOO|m000||C000||r,'080|
|Bank loans and|ovetdraas||||3||0||0|0|
|Trade crediton|||||223||221|129||120|
|Amsuals<br>and deferred|||income||514||484|358||310|
|Amounb<br>due lo subsidiary||||undertaking|0||0||0|57|
|Other cmdtots|||||17||17|139||139|
||||||757||722|626||626|
|12b.Crsdaom|Amus nts|||ratline due aller more than one year|Group|Charity||Group||Cberitl|
||||||2021|2021||2020||2028|
||||||t'080|8'080||8'000||e'680|
|Bank loans and|overdraas||||47||0|||0|
|Other creditors|||||133||133|351||351|
||||||180||133|351||351|








## 

## 

## 



## 

## 

## 

||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds|Funds|2021|
||8'000|f'000|f'000|
|Tangible fixed assets|1,426|37,060|38,486|
|Heritage fixed assets|63229|4,315|67,544|
|Other net assets|288|540|252|
||64367|41 915|106282|



||2021||2020||
|---|---|---|---|---|
||f'000||f.'000||
|Tangible fixed assets|||||
|Unrestricted||274||201|
|Restricted|1.449||2|535|
||I|723|2|736|



## 

|IS.<br>Operating<br>Lease Com|mitments|||||
|---|---|---|---|---|---|
|At 31 March 2021,the Museum|had total future minimum|commitments|under non-cancellable|operating|leases as follows:|
||2021||2020|||
||f'000|f'000|f'000|f'000||
||Land and||Land and|||
||buildings<br>Other||buildings|||
|Due within one year|232||232|13||
|Due between<br>one and five years|929||929|11||
|Due afier five years|1,244||1477|||
||2405|17|2638|24||





## 

## 

## 

## 

## 

## 

## 

## 

## 

##