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2021-03-31-accounts

Reference and administrative Reference and administrative details ofthe foundation, its Trustees and advisers Page
Trustees' report 2-5
Independent
auditors'		 report on the financial statements 6-9
Statement offinancial activities 't0
Balance sheet
Notes tothe financial statements 12-22

Unrestricted Restricted - Endowment Total Total
funds funds funds funds funds
Note 2021f 2021 2021 2021
R		 2020
Income and
endowments
from:
Donations
and legacies		 5,425 16,500 21,925 146,396
Charitable
activities		 13,608 13,608 100,012
Total income and
endowments		 19,033 16,500 35,533 246,408
Expenditure
on:
Raising funds 46,973 46,973 &47,906
Charitable
activities		 62,676 38,240 100,916 548,899
Assets/liabilities
donated to Trust 164,806 148,664 313,470
Total expenditure 274,455 186,904 461,359 696,607
Net expenditure (255,422) (170,404) (425,82B) (450,399)
Transfers
between
funds 13 2,000 (2,000)
Net movement
In		 (253,422) (172,404) (425,826) (450,399)
funds
Reconciliation of
funds:
Total funds brought
forward		 253,422 172,404 169,375 595,201 1,045,600
Net movement
in funds		 (253,422) (172,404) (425,826) (450,399)
Total funds carried 169,375 169,375 595,201
forward

2021 2020
Note R P
Current assets
Debtors 10,216 58,355
Cash at bank and in hand 195,838 916,461
206,054 974,816
Creditors: amounts falling due within one
year 12 (36,679) (379,615)
Net current assets 169,375 595,201
Total assets less current liabilities 169,375 595,201
Total net assets 169,375 595,201
Charity funds
Endowmentfunds 13 169,375 169,375
Restricted funds 13 172,404
Unrestricted
funds		 13 253,422
Total funds 169,375 595,201

Unrestricted Total Total
funds funds funds
2021 2021 2020
Fundraising costs 1,422 1,422 18,872
Office expenses 391 391 9,494
Wages and salaries 33,058 33,058 95,577
National insurance 3,927 3,927 8,842
Pension costs 8,175 8,175 15,123
46,973 46,973 147,908
Total 2020 147,908 147,908

Unrestricted Restricted Total Total
funds funds funds funds
2021f 2021 2021
R.		 2020
E
Maintenance and advancement of museum's 62,676 . 38,240 100,916 548,899
Total 2020 471,618 77,281 548,899

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
R
164,806 148,664 313,470

Activities
undertaken Support Total Total
directly costs funds funds
2021 2021 2021 2020
R
Maintenance and advancement ofmuseums 38,240 62,676 100,916 548,899
Total 2020 154,931 393,968 548,899
Analysis of direct costs
Maintenance
and		 Total Total
advancement funds funds
2021
E		 2021f 2020f
Establishment costs 38,240 38,240 154,931
Total 2020 154,931 154,931
Analysis of support costs
Maintenance
and		 Total Total
advancement funds funds
2021
R		 2021f 2020
F
Auditors' remuneration 9,900 9,900 .6,920
Interest payable 2,833
Legal and professional costs 52,776 52,776 255,687
Travel expenses 528
ITcosts 128,000
62,676 62,676 393,968
Total 2020 393,868 393,868

11. Debtors
2021 2020
f.
Due within one year
Other debtors 10,216 58,355
10,216 58,355
12. Creditors: Amounts falling due within one year
2021 2020
R
Amounts owed to group undertakings 32,429
Other creditors 330,868
Accruals and deferred income 4,250 48,747
36,679 379,615

Balance at
Balance at 1 Transfers 31March
April 2020 income Expenditure in/out 2021
R R R R
Unrestricted
funds
Designated
funds
Designated
Funds - all		 funds 2,000 (2,000)
General funds
General Funds - all funds 251,422 19,033 (272,455) 2,000
Total Unrestricted
funds		 253,422 19,033 (274,455) 2,000
Endowmentfunds
Permanent
Endowment		 169,375 169,375
Restrlc:ed funds
Saloon Project 80 (80)
Robertson Bequest 15,450 (15,450)
Painting
Conservation		 Fund 1,699 (1,699)
Graham
Loder Legacy		 7,509 (7,509)
RP Garden Appeal 12,366 6,500 (18,866)
Learning
Appeal		 5,070 (5,070).
ACE Catalyst Grant 40,000 (40,000)
Constable
Exhibition		 2,000 (2,000)
Hove Museum
&Ari		 Gallery 11,560 (11,560)
The Pagoda Fund 12,667 (12,667)
Museums
Association's
Transformers
programme		 3,000 (3,000)
Art Fund New Collecting award 30,426 (30,426)
Archaelogy
Gallery		 1,890 (1,890)
Schools Archaelogy Fund 3,755 (3,755)
Tomkinson
Piano Restoration		 8,792 (8,792)
Creative Together 16,140 (16,140)
Adelaide Chinese Wallpaper 10,000 (10,000)
172,404 16,500 (186,904) (2,000)
Total offunds 595,201 35,533 (461,359) 169,375

Statement offunds - prior year
Balance at
Balance at 31 March
1 April 2019 Income Expenditure 2020
Unrestricted
funds
Designated
funds
Learning
appeal		 2,000 2;000
General funds
General Funds 661,632 209,316 (619,526) 251,422
Total Unrestricted funds 663,632 209,316 (619,526) 253,422
Endowment
funds
Permanent
Endowment		 169,375 169,375
Restricted funds
Saloon Project 80 80
Robertson Bequest 15,450 15,450
Painting
Conservation		 Fund 1,699 1,699
Graham
Loder Legacy		 7,509 7,509
RP Garden Appeal 5,973 6,500 (107) 12,366
Fashioning
Africa		 24,230 (24,230)
Learning
Appeal		 5,070 5,070
ACE Catalyst Grant 40,000 40,000
Constable
Exhibition		 2,000 2,000
Hove Museum
&Art		 Gallery 11,560 11,560
The Pagoda Fund 18,712 45 (6,090) 12,667
Museums
Association's		 Transformers
programme 3,000 3,000
Art Fund New Collecting award 75,500 (45,074) 30,426
Archaelogy
Gallery		 1,890 1,890
Schools Archaelogy Fund 3,755 3,755
Tomkinson
Piano Restoration		 8,792 8,792
Creative Together 18,000 (1,860) 16,140
212,593 37,092 (77,281) 172,404
Total offunds 1,045,600 246,408 (696,807) 595,201

Analysis ofn et ass ets between funds -cur rent year
Unrestricted Endowment Total
funds funds funds
2021 2021f 2021
R
Current assets 36,679 169,375 206,054
Creditors due within one year (36,679) (36,679)
Total 169,375 169,375

Analysis ofn et ass ets between fund s - pr/or year
Unrestricted Restricted Endowment Total
funds funds funds funds
2020 2020
f		 2020 2020
Current assets 633,037 172,404 169,375 974,816
Creditors due within one year (379,615) (379,615)
Total 253,422 172,404 169,375 595,201