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2020-12-31-accounts

Page
Report ofthe Trustees 3to 7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 11to 16

Fo r the Year Ended 31 D ecember 2020
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Notes 2020 2020 2020 2019
f f f
INCOME
Donations
and legacies
Charitable
activities		 14,830
13,287		 2,266 17,096
13,287		 30,694
29,720
Investments 9,140 9,140 5,757
Grants 38,626 3,549 42,175 35,236
Total Income 75,883 5,815 81,698 101,407
EXPENDITURE
Raising funds
Charitable
activities		 8
9		 (3,909)
(83,595)		 -
(13,228)		 (3,909)
(96,823)		 (5,564)
(122,826)
Investment
management		 costs 10 (3,455) - (3,455) (7,220)
Total expenditure (90,959) (13,228) (104,187) (135,610)
Net gains on investments 9,762 9,762 30,601
Net (Expenditure) for the year (5,314) (7,413) (12,727) (3,602)
Transfer between funds 18 (1,349) 1,349
Reconciliation
of Funds
Total Funds brought
forward		 1,516,140 17,681 1,533,821 1,537,423
Total Funds carried forward 18 1,509,477 11,617 1,521,094 1,533,821

As At 31Dece mber 2020
Total Total
Funds Funds
Notes 2020 2019
FIXEDASSETS f f
Tangible assets
Investments
-at Market Value		 12
13		 890,660
602,991		 915,697
587,549
1,493,651 1,503,246
CURRENT ASSETS
Stock 2,567 2,495
Debtors 14 4,947 3,828
Cash in hand and at Bank 22,131 26,419
29,645 32,742
LESS:CURRENT LIABILITIES
Creditors: amounts due within one year (2 202) (2 166)
NET ASSETS 1,521,094 1,533,822
CHARITY FUNDS
Unrestricted funds 1,509,477 1,516,140
Restricted
funds		 11,617 17,681
Total charity funds 18 1,521,094 1,533,821

1.STATUTORY INFORMATION 1.STATUTORY INFORMATION
Amersham
Museum
Limited
is a private company,
limited
by guarantee,
registered
in England and Wales. The company's
registered
number
and registered
office address
(which
is also it's trading address) can be found on page 3,
2.ACCOUNTING
POLICIES:
The charity
constitutes
a public
benetit
entity
as detined
by FRS 102. The Financial
Statements
have
been
prepared
in
compliance
with
Accounting
and
Reporting
by Charities:
Statement
of Recommended
Practice
applicable
to charities
preparing
their accounts
in accordance
with the Financial
Reporting
Standard
applicable
to the UK and
Rupublic of Ireland
(FRS102) - second edition,
issued
in October 2019, the Financial
Reporting
Standard
applicable
in the
UK and
Republic
of
Ireland
(FRS102) and the Charities
Act 2011.A summary
of the significant
accounting
policies applied
in the preparation
of
these accounts are set out below.
(a) Basis ofAccounting
The Financial
Statements
are prepared
under the historical
cost convention,
modified
to include
certain
items at fair
value.
The financial statements
are presented
in sterling (E)which is also the functional
currency ofthe company.
(b) Depreciation
No depreciation
is provided
on the Museum
building.
Depreciation
is provided,
on a reducing balance basis, on fittings and equipment
in the Museum
at 109'and on the
Mobile Museum at 209o,
Costs of exhibits are written offas they are incurred
as valuation
of heritage assets cannot be obtained at a cost
commensurate
with the benefit to the users ofthe accounts or the charity.
(c) Value Added Tax:
Amersham
Museum
I.imited
is not registered
for Value Added Tax.
In these
Financial
Statements,
where
applicable,
expenditure
is shown
inclusive of VAT.
(d) Investments
Investments
are recognised
intiatly at fair value which
is normally
the transaction
price excluding costs. Subsequently,
they are measured
at fair value with changes recognised
in "net gains/ (losses) on investments"
on the SOFA ifthe shares
are publicly traded or their fair value can otherwise
be measured
reliably.
(e) Cash Flow Statement:
Under
Financial
Reporting
Standard
SORP (FRS 102),the Trust is not required
to produce a Cash Flow Statement
as it is a
small charity.
(f) Legacies
For legacies, entitlement
is the earlier of the charity
being notified
of an impending
distribution
or the legacy being
received.
At this point
income
is recognised.
On occasion
legacies
will be notified
to the charity,
however
it is not
possible to measure
the amount
expected to be distributed.
On these occasions, the legacy
is treated as a contingent
asset and disclosed.
(g) Income recognition
All incoming
resources are included
in the Statement of Financial
Activities
(SOFA) when the charity
is legally entitled to
the income after any performance
conditions
have been met, the amount
can be measured
reliably
and it is probable
that the income
will be received.
No amount
is included
in the financial statements
for volunteer
time in line with SORP (FRS 102).Further
detail
is given
in the Trustees'
Annual
Report,
Investment
income
is earned
through
holding
assets for investment
purposes
such as shares and property.
It includes
dividends,
Interest and rent, Interest
is recognised
using the effective interest
method
and dividend
and rent income
Is
recognised
as the charity's
right to receive payment
is established.
(h) Expenditure
recognition
All expenditure
is accounted
for on an accruals
basis and has been classified
under
headings
that aggregate
all costs
related to that category. Expenditure
is recognised
where there is a legal or constructive
obligation to make payments
to
third
parties,
it is probable
that the settlement
will be required
and the amnount
of the obligation
can be measured
reliably.

In the opinion ofthe tr ustees, there are no specific key judgements or areas ofestimates to disclos e.
3.GRANTS 2020 2020 2019
Unrestricted Restricted Restricted
Buckinghamshire
County Council Covid Grant
8righton
and Hove Council Ready to Reopen
Other Grants		 Grant 27,000 2,000
1,549		 35,236
Grants
—Job Retention
Scheme and Furlough		 Scheme 11,626
38626		 3549 35,236
4.INCOME FROM DONATIONS AND LEGACIES 2020 2020 2019
Unrestricted Restricted
Donations 2,977 2,971
Events
Friends ofAmersham
Museum		 4,942
3,218		 10,962
5,095
HMRC Gift aid 1,537 1,328
projects
Family &Adult Programmes		 2,156
14,830		 2,266
2,266		 1,562
8,776
30,694

5.INVESTMENT INCOME INCOME 2020 2020 2019
Unrestricted Restricted
Interest received —COIF & CAF 6 3
Investment income (dividends and interest) 9,134
9,140		 5,754
5,757
6.CHARITABLE ACTIVITIES 2020 2020 2019
Unrestricted Restricted
Admissions 3,928 16,670
Sale ofgoods
Room Hire		 3,054
1,360		 10,506
2,544
Ciub 200 income 4,945
13,287 29,720
towards the museum
s' ann		 ual running
costs.
7.NET INCOME FOR THE YEAR 2020 2019
Net income
is stated after (crediting}/charging:
Accountancy fees- Independent
Examination		 and other fees 2,275 2,597
8.RAISING FUNDS 2020 2019
Cost ofgoods sold 3,909 5,564
9. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES AND SUPPORT COSTS 2020 2020 201
Unrestricted Restricted
Staff 31,658 35,224
Exhibitions
&events		 434 1,157
Conservation 556 867
Interpretation
Acquisitions		 715
137		 1,046
16
Projects (HLF}/ audio guide
Subscriptions
Publicity
Legacies
MLvM Paintings
AONB Chalk, Cherries & chairs
Women at War		 215
1,049		 1,650
5,363		 8,158
420
2,665
3,685
2,906
1,862
6,513
Age Friendly
Dolls House		 2,551 4,487
704
Ready to Reopen
Schools		 64 3,664 289
Art Club 722 1,246
Mobile Museum 1,369 1,804
Club 200 costs 1,560
Cleaning
General Maintenance		 2,579
988		 3,046
2,095
Security 8 alarm maintenance
Utilities -Electric/ rates &water		 870
2,726		 446
5,523
Bank charges
Seminars 8 training
Insurance		 60
316
4,598		 60
29
4,317
Postage and stationery
Sundries		 651
499		 438
950
Depreciation
Computer
consumables
Independent
Examiner's
Remuneration		 25,120
4,434
2,275
83,595		 13,228 28,751
1,525
2,597
122,826
Club 200 costs relate to prize draws and to other costs incurred in the running ofthe Small Society Lottery.
10.INVESTMENT MANAGEMENT COSTS ~202 2019
Investment
management		 charges 3,455 7,220

Forthe Year Ended 31December 2020
2020 2019
11.NET GAINS/{LOSSES) ON INVESTMENTS
Realised (losses) on investments
Unrealised
gains on investments		 E
{10,418)
20,180
9,762		 E
(115)
30,716
30,601
12.FIXED ASSETS Freehold Mobile Fittings &
Buildings Museum Equipment Total
Cost or
Brought forward
as at 1January 2020
revaluation
Additions
Carried forward as at 31December 2Q20		 695,131
695,131		 38,192
38,192		 342,762
84
342,846		 1,076,085
84
1,076,169
Depreciation
Brought forward
as at 1January 2020
Charge for year
Carried forward as at 31December 2020		 7,638
6,111
13,749		 152,750
19,010
171,760		 160,388
25,121
185,509
Net Book Value As at 31December 2020 695,131 24,443 171,Q86 890,660
As at 31December 2019 695,131 30,554 190,0'12 915,697
Heritage Assets
All of the items
in the museum's
collection - objects, maps,		 documents, photographs, maps and books - are heritage assets. The museum's
collection consists of items related to the history of the town and the surrounding villages, The majority of our collection
is related to local
people and their domestic
and working
lives. Consequently		 the majority of our objects are of low financial value and in some cases can be
replaced
with similar or related items ifdamaged
or stolen.
13.INVESTMENTS
The portfolio comprises of Fixed interest bonds, Index linked government bonds, Equities, credit and illiquid
strategies,
Global funds, Gold and precious metals, forward foreign exchange and cash.
Investments
at MARKET VALUE (Excludes cash+ foreign currenciesj
Opening
balance as at 1January 2020		 551,729
Additions 656,396
Disposals
Unrealised
gains		 (653,606)
20,180
Closing balance as at 31 December 2020
Disposal proceeds
Loss on disposal		 574,699
643,188
(10,418)
Analysis of Fair (Market) value of all investments 2020 2019
Securities 574,699 551,729
Cash held 28,234 35,961
Forward foreign currencies 58 (141)
602991 587549
The fair value of listed investments
is determined
by reference		 to the quoted price for identical assets in an active market
at the balance sheet date.
Cost value ofinvestments
in securities as at 31December 2020		 554,520

31Db2		 1 569,907

14.DEBTORS 2020 2019
E
Prepayments and accrued income 4,947 3,828
15.CREDITORS 2020
f		 2019
Accruals and deferred income 2,202 2,166
16.FRIENDS OFAMERSHAM MUSEUM 2020 2019
f f
Income
Subscriptions and donations 3,218 6,779
Less: Expenditure
Fund raising 8 sundry		 expenses (1,684)
Surplus Transferred to SOFA 3,218 5,095
17 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total
Funds Funds Funds
Fixed Assets
Net Current Assets		 1,493,651
15,826		 11617 1,493,651
27 443
1509477 11617 1521094
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PREVIOUS YEAR Unrestricted Restricted Total
Funds Funds Funds
Fixed Assets
Net Current Assets		 1,503,246
12,894		 17,681 1,503,246
30,575
1516140 17681 1533821
18 MOVEMENT
IN FUNDS
Atllsn art ~ln o 0~CO At 31Dec 2020
Restricted
Funds		 2020 Resources Resources Transfers
Age Friendly
MLvM Paintings
AONB Chalk, Cherries
Legacies
Dolls House		 Ik Chairs 6,913
7,159
3,294
315		 60
2,069
1,686		 (2,551)
(1,650)
(5,363)		 (315) 4,422
5,509
1,686
Ready to Reopen 17,681 2,000
5,815		 (3,664)
(13,228)		 1,664
1349		 11617
General funds 1,516,140 75,883 (81,197) (1,349) 1,509,477
Unrestricted
funds		 1,516,140 75,883 (81,197) (1,349) 1509477
Total funds 1,533,821 81,698 (94,425) 1521094

Forthe Year Ended 31December 202 0
18 MOVEMENT
IN FUNDS - PREVIOUS YEAR		 A~t1J
a		 ~lml 0 tg iM At 31Dec
Restr)cted
Funds		 2019 Resources Resources Transfers 2019
Age Friendly
MLvM Paintings		 6,913
7,159		 6,913
7,159
AONB Chalk, Cheries 8 Chairs 3,294 3,294
Legacies 315
17681		 315
17681
General funds 1,537,423 101,407 (105,009) (17,681) 1,516,140
Unrestricted
funds		 1,537,423 101,407 (105,009) (17,681) 1,516 140
Total funds 1,537,423 101,407 (105,009) 1533 821

The reimbursement The reimbursement ofexpenses ofexpenses was as follows:- was as follows:- was as follows:- 2020 2019 2020 2019
No. No. E E
Trustees 1,272 1,965
1,272 1,965
Reimbursed expenditure was in relation to postage, stationery, travel and other sundry expenses.
STAFF COSTS AND EMPLOYEE BENEFITS
The average
number		 ofmonthly employees during the year was:- 2020 2019
No. No.
Charitable activities
The expenses
reimbursed		 include travel and general items for the museum for the general day to day running.
The total staff costs and employees benefits was as foliows:- 2020 2019
E E
Wages and salaries 29,925 37,435
752
Employers
Employers		 Nl
pension		 costs 818 829
3,743 9,01
No employee
received emoluments		 ofmore than E60,000 in the current or prior year.
The charity trustees were not remunerated or received benefits in the current or prior year.