2020-09-30-accounts

		~Pa e
Legal and Administrative	Information
Trustees' Report		2-3
Independent Examiners'	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Accounts		7-13

			2020	2019
			Unrestricted	Unrestricted
			Funds	Funds
		Note
Income from:
Charitable activities			46,530	42,149
Investments			9,264	21,276
Other			270	1,324
Total income			56,064	64,749
Expenditure on:
Raising funds			1,862	1,973
Charitable activities			84,347	190,359
Governance costs			4,784	5,734
Total expenditure			90,993	198,066
Net income I	(expenditure)		(34,929)	(133,317)
Net gains I(losses) on investments		13	(4,360)	(5,946)
Net movement	in funds		(39,289)	(139,263)
Reconciliation	offunds:
Fund balances	as at 1 October 2019		2,112,851	2,252,114
Fund balances	as at 30September 2020		2,073,562	2,112,851

AS AT 30SEPTEM	BER2020
		Note		2020		2019
			f	5		5
Fixed assets
Tangible assets		10		658,462		659,187
Heritage assets		11		513,694		513,694
Investments		12/13		893,249		895,016
				2,065,405		2,067,897
Current assets
Debtors		14	13,967		9,835
Cash at bank and	in hand		16,614		62,831
			30,581		72,666
Creditors: amounts	falling due
within one year		15	(22,424)		(27,712)
Net current assets				8,157		44,954
Total assets less current liabilities				2,073,562		2,112,851
Charity funds:
Unrestricted funds				2,073,562		2,112,851
Totalfunds				2,073,562		2,112,851

FO	R THE YEAR ENDED 30SEP	TE	MB	ER 2020
								2020	2019
							Unrestricted		Unrestricted
2	ACTIVITIES FOR GENERATING		FUNDS
								6
	Hire of Museum and facilities							1,250	6,986
	Rental income (note 4)							35,280	35,120
	Sale ofcatalogues									43
	Government grants							10,000
								46530	42	149
3	INVESTMENT INCOME
	Investment income							9,264	21,258
	Bank interest									18
								9264	21276
	Since the transfer ofthe investments			to Saranac, investment			income	is reinvested	and
	monies are drawn as required	to meet liabilities.
4.	RENTAL INCOME
	All assets in the UK
	The Disrespect							15,500	15,500
	The Prospect tlat							10,055	10,055
	The Retrospect tlat							8,640	8,480
	Service charge contributions	-Retrospect						370		370
		-Disrespect						715		715
								35280	35	120
5.	ANALYSIS OF RESOURCES	EXPENDED						2020	2019
									6
				Staff	Direct	Support		Total	Total
				costs	costs	costs
		note
	Charitable activities:
	Museum Expenses	6/7/8		36,560	44,564	3,223		84,347	190,359
	Fundraising costs				1,862			1,862	1,973
	Governance costs	9			4,784			4784	5	734
				36560	51 210	3	223	~0 993	199	066

								2020	2019
STAFF COSTS
								f	f
Total staff costs								36,560	34,833
								36,560	34,833
The average	number		of full time		equivalent	employees	is	3(2019:3)
There were no employees				who received a		total employee		benefit ofmore than f60,000
MUSEUM DIRECT		EXPENSES
								f
Heating and	lighting							2,399	2,630
Insurance and security								10,562	10,688
Repairs, renewals,		maintenance			and restoration			23,037	127,847
Repairs and	maintenance			of The	Prospect	flat		(1,230)	828
Rates								598	1,488
Rent								264	364
Investment management				fees				6,670
Alarms and fire equipment								1,427	1,494
Telephone								614	605
Depreciation								223	223
								44 564	146 167
SUPPORT COSTS
								F
Administration	costs							779	569
Postage and	stationery							1,496	729
Legal and professional			fees						3,798
Sundry items								295	3,610
Depreciation								502	558
Bank charges								151	95
								3,223	9,359
GOVERNANCE COSTS
								f
Accountancy	fees							3,641	3,180
Bookkeeping	fees							629	1,090
Trustees meetings								514	1,464
								4,784	5,734

	Freehold	Freehold	Leasehold
	The	The
	Prospect	Disrespect		Total
	No 83	No 82	No 83/84
	5		5
Cost or Valuation
At 1 October 2019	402,152	251,259	5,000	658,411
At 30September 2020	402,152	251,259	5,000	658,411
Amortisation
At 1 October 2019			4,999	4,999
At 30September 2020			4,999	4,999
Net BookValue
At 30 September 2020	402,152	251,259	1	653,412
At 30September 2019	402,152	251,259	1	653,412

	Fixtures	and Fittings		Expenditure
			Kitchen &
		The	Office	The
	No 82	Disrespect	Equipment	Prospect	Total
		F	F	F
Cost or Valuation
At 1 October 2019	12,659	15,507	15,922	95,662	139,750
At 30September 2020	12,659	15,507	15,922	95,662	139,750
Depreciation
At 1 October 2019	12,561	15,506	15,264	90,644	133,975
Provided in year	50		173	502	725
At 30September 2020	12,611	15,506	15,437	91,146	134,700
Net BookValue
At 30 September 2020	48	1	485	4,516	5,050
At 30 September 2019	98	1	658	5,018	5,775
TOTAL ASSETS
Net BookValue
At 30September 2020					658,462
At 30 September 2019					659,187

11.	Heritage assets
					2020	2019
					f	f
	At 1 October 2019				513,694	513,694
	Additions
	At 30September 2020				513,694	513,694
	Replacement value (Bonhams valuation			01/04/2011)	2,066,370	2,066,370
12.	INVESTMENTS				2020	2019
					Valuef	Value f
	UK Quoted investments				893,249	895,016
					893,249	895,016
13.	INVESTMENTS				2020f	2019 f
	Market value 1 October	2019			895,016	1,054,754
	Dieposals					(1,053,792)
	Acquisitions					900,000
	Cash movements				2,593
	Net investment gains/(losses)					(5,946)
	Net unrealised investment		gains/(losses)		30,012
	Net realised investment	gains/(losses)			(34,372)
	Market value 30September		2020		893,249	895,016

				Market Value	Market Value
				2020	2019
				f.
	Gold		5 8189	51,905
14.	Debtors
				2020f	2019
	Other debtors			5,070	85
	Prepayments	and accrued income		8,897	9,750
				13,967	9,835

Creditors
		2020	2019
		F
Other creditors		1,018	1,015
PAYE		378
Accruals and deferred	income	21,028	26,697
		22,424	27,712