REGISTERED COMPANY NUMBER: 01690404 (England and Wales) REGISTERED CHARITY NUMBER: 289484
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
DOVER TRANSPORT MUSEUM SOCIETY (A COMPANY LIMITED BY GUARANTEE)
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
DOVER TRANSPORT MUSEUM SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18
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DOVER TRANSPORT MUSEUM SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees (who are also Directors of the Charity for the purposes of the Companies Act) present their annual report together with the financial statements of the Charity for the year from 1 January 2020 to 31 December 2020. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
OBJECTIVES AND ACTIVITIES
a. Policies and objectives
The Charity's objects continue to be the promotion and furtherance of education and knowledge of transport history and to set up, administer and maintain a museum for that purpose.
There are no paid or full-time staff but the Trustees meet regularly to manage the museum's affairs.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Volunteers
After only 6 days of normal operation, the onset of Covid-19 restrictions led to the closure of the museum in February. It remained closed to the public for the rest of the year. With the imposition of restrictions, a Trustees' sub committee was established to set policy and operating rules for volunteer working during the pandemic and to advise the full board on comprehensive risk management. A very small number of volunteers continued, when legally permitted, to maintain the collection and the fabric of the estate and to complete essential, chiefly health and safety related, projects whilst following mandatory "Covid Secure" guidance. Those volunteers who were considered to be in the vulnerable categories were not permitted to return to work but all non active volunteers received periodic updates and the number of volunteers potentially available to the charity remained steady throughout the year, foreshadowing an ability to resume normal activity in 2021.
ACHIEVEMENT AND PERFORMANCE Review of activities
Although the museum remained closed, the museum's website and social media activities were maintained in anticipation of a resumption of business. However, the Trustees concluded that given the layout of the museum, the accessibility of the collections and the consequential difficulty of cleaning exhibits following visitor sessions, together with the profile of the volunteer workforce it was not advisable to re-open in the short period when it was possible to do so. The collections were nevertheless maintained, new safe storage facilities created and some work done on improvements to displays. Pending projects touching Health and Safety and security were taken forward although not all completed in year. At year-end the integrity of the museum and its collections, and the commitment of volunteers, had been maintained. The museum's local public profile was still prominent and communications received from prospective visitors suggested a strong demand for reopening when safe to do so. The Trustees are confident of a successful return to business when permissible.
Page 1
DOVER TRANSPORT MUSEUM SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
a. Going concern
During closure the charity was able to secure grant support from the Heritage Lottery Fund, the Kent Community Fund and the Small Business Support Grant scheme administered by Dover District Council. The museum's reserves and the income from grants enabled the museum to meet its reduced overheads and advance the essential projects in hand at the time of closure. Reserves at year end were sufficient for the Trustees to have a reasonable expectation that the Charity would continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The museum estate is large and consists of old military buildings for which the provision of maintenance funds has been challenging. Normally, during the winter months the museum is able to open to the public only on a restricted basis. Income is consequently unpredictable for 5 months each year whilst fixed and maintenance costs remain to be met. The Trustees therefore consider that the allocation of a proportion of income to reserves is essential and they have introduced an appropriate reserves policy. The financial position is reviewed by the Governing Committee on a regular basis and funds are committed to reserves where income permits.
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DOVER TRANSPORT MUSEUM SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitution
Dover Transport Museum Society is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. It is a registered charity number 289484.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association and the Rules of the Dover Transport Museum Society. The appointment of new Trustees of the society is ordinarily made at the AGM. Every year three of the committee of Trustees of the museum according to the rules of the Society must stand down. They can choose to stand for re-election at this time. Applications from other members of the society who may wish to stand are also accepted. All members wishing to stand or re-stand must inform the committee of their intention in writing along with a seconder from the membership at least one full week before the published date of the AGM. If there are more people standing than there are places available, a ballot of the membership is held at the AGM with proxy voting slips available for members unable to attend if requested.
c. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that adequate systems and procedures are in place to mitigate exposure to the major risks.
d. Post balance sheet events
At the time of signing the accounts the Trustees are aware of the continuing potential economic and social effects of the Covid-19 virus outbreak. The full impact of the pandemic on the UK economy is yet to be realised, but the Charity will continue to seek to mitigate risk by following the UK Government's guidelines and maintaining and reviewing its internal strategy.
Plans for future periods
The Trustees' principal aims for 2021 are those planned for 2020 and interrupted by both the closure and reduced volunteer activity. They are: to increase the available exhibition space within the museum in order to enhance displays and reduce the number of objects held in store; to enhance staff training; to continue to increase volunteer numbers, and to maintain financial performance whilst developing a strategic plan to ensure the long-term sustainability of the museum.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01690404 (England and Wales)
Registered Charity number 289484
Registered office
Willingdon Road Port Zone Whitfield Dover Kent CT16 2JX
Page 3
DOVER TRANSPORT MUSEUM SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees D Atkins B Flood MBE QPM Rev'd J Lines MBE E Woodruff E Dixon W D Poulter D J Brazier A Cousins R W Pettman P D Wright M Cowell, Treasurer
Independent Examiner
Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Dover Transport Museum Society for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 27 September 2021 and signed on its behalf by:
B D Flood - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOVER TRANSPORT MUSEUM SOCIETY
Independent examiner's report to the trustees of Dover Transport Museum Society ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S G Whorlow Cassidys Chartered Accountants South Stour Offices Roman Road Mersham Ashford Kent TN25 7HS
Date: .............................................
Page 5
DOVER TRANSPORT MUSEUM SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 36,037 Charitable activities Members subscription 1,920 Museum Door 3,945 Tea Bar 1,799 Vehicle Rent 1,255 Museum Shop 519 Schools 553 Sale of Spares - Raffle 2,270 Misc Income 1,715 Total 50,013 EXPENDITURE ON Charitable activities Museum Door 2,198 Tea Bar 1,711 Museum Shop 912 Schools - Raffle 1,893 Misc Income - Events - Other 41,345 Total 48,059 NET INCOME 1,954 Transfers between funds 10 579 Net movement in funds 2,533 RECONCILIATION OF FUNDS Total funds brought forward 459,458 TOTAL FUNDS CARRIED FORWARD 461,991 |
Restricted funds £ 13,136 - - - - - - - - - 13,136 - - - - - - - 10,347 10,347 2,789 (579) 2,210 3,104 5,314 |
31.12.20 31.12.19 Total Total funds funds £ £ 49,173 8,160 1,920 2,779 3,945 44,968 1,799 26,820 1,255 1,565 519 109 553 2,552 - 4,349 2,270 9,756 1,715 4,370 63,149 105,428 2,198 6,373 1,711 12,405 912 2,778 - 123 1,893 2,046 - 381 - 1,815 51,692 51,794 58,406 77,715 4,743 27,713 - - 4,743 27,713 462,562 434,849 467,305 462,562 |
|---|---|---|
The notes form part of these financial statements
Page 6
DOVER TRANSPORT MUSEUM SOCIETY
BALANCE SHEET 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks 6 Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
31.12.20 £ 417,260 1,750 970 48,653 51,373 (1,328) 50,045 467,305 467,305 461,991 5,314 467,305 |
31.12.19 £ 419,295 1,255 2,910 44,035 48,200 (4,933) 43,267 462,562 462,562 459,458 3,104 462,562 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
BALANCE SHEET - continued
31 DECEMBER 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2021 and were signed on its behalf by:
B D Flood - Trustee
The notes form part of these financial statements
Page 8
DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
All expenditure is inclusive of irrecoverable VAT.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost Motor vehicles - 25% on cost Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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||||
|---|---|---|
|31.12.20|31.12.19|
|£|£|
|Depreciation - owned assets|2,035|2,030|
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3. TRUSTEES' REMUNERATION AND BENEFITS
During the year, no Trustees received any remuneration or other benefits (2019: £Nil).
During the year ended 31 December 2020, no Trustee expenses have been incurred (2019: £Nil).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|||||
|---|---|---|---|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|-|
|Donations and legacies|8,160|8,160|
|Charitable activities|
|-|
|Members subscription|2,779|2,779|
|Museum Door|44,968|-|44,968|
|Tea Bar|26,820|-|26,820|
|Vehicle Rent|1,565|-|1,565|
|Museum Shop|109|-|109|
|Schools|2,552|-|2,552|
|-|
|Sale of Spares|4,349|4,349|
|Raffle|9,756|-|9,756|
|Misc Income|4,370|-|4,370|
|Total|105,428|-|105,428|
|EXPENDITURE ON|
|Charitable activities|
|Museum Door|6,373|-|6,373|
|Tea Bar|12,405|-|12,405|
|-|
|Museum Shop|2,778|2,778|
|Schools|123|-|123|
|Raffle|2,046|-|2,046|
|Misc Income|-|381|381|
|Events|1,815|-|1,815|
|Other|51,447|347|51,794|
|Total|76,987|728|77,715|
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continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
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4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
NET INCOME/(EXPENDITURE) 28,441 (728) 27,713
RECONCILIATION OF FUNDS
Total funds brought forward 431,017 3,832 434,849
TOTAL FUNDS CARRIED FORWARD 459,458 3,104 462,562
5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 January 2020 and 31 December 2020 402,340 9,679 21,796
DEPRECIATION
- -
At 1 January 2020 15,720
- -
Charge for year 1,623
At 31 December 2020 - - 17,343
NET BOOK VALUE
At 31 December 2020 402,340 9,679 4,453
At 31 December 2019 402,340 9,679 6,076
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2020 and 31 December 2020 3,400 2,713 439,928
DEPRECIATION
At 1 January 2020 2,275 2,638 20,633
Charge for year 375 37 2,035
At 31 December 2020 2,650 2,675 22,668
NET BOOK VALUE
At 31 December 2020 750 38 417,260
At 31 December 2019 1,125 75 419,295
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continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
5. TANGIBLE FIXED ASSETS - continued
Included in land and buildings is freehold land at a cost of £360,012 (2019 - £360,012) which is not depreciated. The Trustees consider the value of freehold property to be approximately £1.4m, but no revaluation has been implemented. For this reason, depreciation is considered inappropriate.
| 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds £ £ Fixed assets 417,260 - Current assets 46,059 5,314 Current liabilities (1,328) - 461,991 5,314 |
31.12.20 £ 1,750 31.12.20 £ - 970 970 31.12.20 £ 728 90 510 1,328 31.12.20 Total funds £ 417,260 51,373 (1,328) 467,305 |
31.12.19 £ 1,255 31.12.19 £ 120 2,790 2,910 31.12.19 £ 2,005 90 2,838 4,933 31.12.19 Total funds £ 419,295 48,200 (4,933) 462,562 |
|---|---|---|
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Kent County Council - Security Kent County Council - Cafe Ceiling Kent County Council - Kitchen refurbishment Dover District Council Winter Programme - Disabled Access Improvements Dover Town Council Members Grant Kent Community Fund TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General fund Restricted funds Kent County Council - Security National Lottery Heritage Fund Dover District Council Winter Programme - Disabled Access Improvements Dover Town Council Members Grant Kent Community Fund TOTAL FUNDS |
At 1.1.20 £ 459,458 2,082 443 579 - - - 3,104 462,562 s follows: |
Net movement in funds £ 1,954 (347) - - 936 700 1,500 2,789 4,743 Incoming resources £ 50,013 - 10,000 936 700 1,500 13,136 63,149 |
Transfers between At funds 31.12.20 £ £ 579 461,991 - 1,735 - 443 (579) - - 936 - 700 - 1,500 (579) 5,314 - 467,305 Resources Movement expended in funds £ £ (48,059) 1,954 (347) (347) (10,000) - - 936 - 700 - 1,500 (10,347) 2,789 (58,406) 4,743 |
|---|---|---|---|
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.19 £ Unrestricted funds General fund 431,017 Restricted funds Kent County Council - Security 2,429 Kent County Council - Cafe Ceiling 443 Kent County Council - Kitchen refurbishment 960 3,832 TOTAL FUNDS 434,849 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 105,428 Restricted funds Kent County Council - Security - Kent County Council - Kitchen refurbishment - - TOTAL FUNDS 105,428 |
Net movement At in funds 31.12.19 £ £ 28,441 459,458 (347) 2,082 - 443 (381) 579 (728) 3,104 27,713 462,562 Resources Movement expended in funds £ £ (76,987) 28,441 (347) (347) (381) (381) (728) (728) (77,715) 27,713 |
|---|---|
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Kent County Council - Security Kent County Council - Cafe Ceiling Kent County Council - Kitchen refurbishment Dover District Council Winter Programme - Disabled Access Improvements Dover Town Council Members Grant Kent Community Fund TOTAL FUNDS |
At 1.1.19 £ 431,017 2,429 443 960 - - - 3,832 434,849 |
Net movement in funds £ 30,395 (694) - (381) 936 700 1,500 2,061 32,456 |
Transfers between funds £ 579 - - (579) - - - (579) - |
At 31.12.20 £ 461,991 1,735 443 - 936 700 1,500 5,314 467,305 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Kent County Council - Security Kent County Council - Kitchen refurbishment National Lottery Heritage Fund Dover District Council Winter Programme - Disabled Access Improvements Dover Town Council Members Grant Kent Community Fund |
Incoming resources £ 155,441 - - 10,000 936 700 1,500 |
Resources Movement expended in funds £ £ (125,046) 30,395 (694) (694) (381) (381) (10,000) - - 936 - 700 - 1,500 |
|---|---|---|
| 13,136 | (11,075) 2,061 |
|
| TOTAL FUNDS | 168,577 | (136,121) 32,456 |
continued...
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DOVER TRANSPORT MUSEUM SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 16
DOVER TRANSPORT MUSEUM SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants |
31.12.20 31.12.19 £ £ 8,037 2,819 41,136 5,341 |
|---|---|
| Charitable activities Members subscriptions Museum door Tea bar Vehicle rent Museum shop Schools Sale of spares Raffle Miscellaneous income |
49,173 8,160 1,920 2,779 3,945 44,968 1,799 26,820 1,255 1,565 519 109 553 2,552 - 4,349 2,270 9,756 1,715 4,370 |
| 13,976 97,268 |
|
| Total incoming resources EXPENDITURE Charitable activities Vehicle rent Schools Tea bar Museum door Museum shop Sale of donated items Membership subscriptions |
63,149 105,428 - 123 - 1,815 1,711 2,778 2,198 12,405 2,805 2,046 - 381 - 6,373 |
| Support costs Finance Bank charges Support costs Rates and water Insurance Light and heat Telephone Carried forward |
6,714 25,921 783 1,228 514 385 7,700 7,926 4,057 4,011 694 625 12,965 12,947 |
This page does not form part of the statutory financial statements
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DOVER TRANSPORT MUSEUM SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Support costs Brought forward Postage and stationery Repairs and renewals Sundries Computer costs Rent Motor running expenses External trainer's fees Advertising Motor vehicles Computer equipment |
31.12.20 31.12.19 £ £ 12,965 12,947 461 135 29,253 19,968 25 868 499 431 4,800 2,136 265 275 - 570 1,637 4,504 375 375 1,657 1,655 |
|---|---|
| Governance costs Accountancy and legal fees Bookkeeping |
51,937 43,864 118 4,918 (1,146) 1,784 |
| (1,028) 6,702 |
|
| Total resources expended | 58,406 77,715 |
| Net income | 4,743 27,713 |
This page does not form part of the statutory financial statements
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