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





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||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||Funds|Funds|
|||Note|||
|Income from:|||||
|Charitable<br>activities|||46,530|42,149|
|Investments|||9,264|21,276|
|Other|||270|1,324|
|Total income|||56,064|64,749|
|Expenditure<br>on:|||||
|Raising funds|||1,862|1,973|
|Charitable<br>activities|||84,347|190,359|
|Governance<br>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|





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|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<br>funds||||2,073,562||2,112,851|
|Totalfunds||||2,073,562||2,112,851|






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|FO|R THE YEAR ENDED 30SEP|TE|MB|ER 2020|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019||
||||||||Unrestricted||Unrestricted||
|2|ACTIVITIES FOR GENERATING||FUNDS||||||||
|||||||||6|||
||Hire of Museum<br>and facilities|||||||1,250|6,986||
||Rental income<br>(note 4)|||||||35,280|35,120||
||Sale ofcatalogues|||||||||43|
||Government<br>grants|||||||10,000|||
|||||||||46530|42|149|
|3|INVESTMENT INCOME||||||||||
||Investment<br>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<br>activities:||||||||||
||Museum<br>Expenses|6/7/8||36,560|44,564|3,223||84,347|190,359||
||Fundraising<br>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<br>and|lighting|||||||2,399|2,630|
|Insurance<br>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<br>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<br>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<br>meetings||||||||514|1,464|
|||||||||4,784|5,734|





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||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|



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||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<br>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|





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





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



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