# # ## ## ## ## ## ||||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.|||||| ##