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|---|---|---|
|Reference and Administrative
Details|||
|Report ofthe Trustees|2 to|4|
|Report ofthe Independent
Auditors|5 to|8|
|Statement of Financial Activities|||
|Balance Sheet|10 to|11|
|Notes to the Financial Statements|12' to|20|
|Detailed Statement
of Financial Activities|21||
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||||||||9/4/21|9/4/20|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes|E|8|6|6|
|INCOME AND ENDOWMENTS|||FROM||||||
|Other trading
activities||||2||||2,964|
|Investment
income||||3|97,742||97,742|132,479|
|Total|||||97,742||97,742|135,443|
|EXPENDITURE ON|||||||||
|Raising funds||||||13,357|13,357|13,848|
|Charitable
activities|||||||||
|Maintenance
ofmuseum|and|exhibits|||63,657||63,657|64,266|
|Museum
administration|||||11,982||11,982|26,316|
|Total|||||75,639|13,357|88,996|104,430|
|NET INCOME/(EXPENDITURE)|||||22,103|(13,357)|8,746|31,013|
|Other recognised
gains/(losses)|||||||||
|Gains/(losses)
on revaluation
assets||offixed||||46D,39D|460,390|~369,9173|
|Net movement
in funds|||||22,103|447,033|469,136|(358,904)|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought
forward|||||422,502|3,769,085|4,191,587|4,550,491|
|TOTAL FUNDS CARRIED FORWARD|||||444,605|4,216,118|4,660,723|4,191,587|
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|||||9/4/21|9/4/20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|6||f|6|
|FIXEDASSETS||||||
|Heritage assets|||961,290|961,290|961,290|
|Investments|||3,420 439|3,420,439|2,950,684|
||||4,381,729|4,381,729|3,911,974|
|CURRENT ASSETS||||||
|Debtors|9|21,741||21,741|22,382|
|Investments
Cash at bank|10|4,960
425 854|28,095
~77536)|33,055
348318|59,024
322 1191|
|||452,555|(49,441)|403,114|404,297|
|CREDITORS||||||
|Amounts
falling due within one year|11|(7,950)||(7,950)|(8,514)|
|NET CURRENT ASSETS||444,605 ~49447)||395,164|395,783|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||444,605|4,332,288|4,776,893|4,307,757|
|NETASSETS||444,605|4,332,288|4,776,893|4,307,757|
##
|FUNDS||12|||
|---|---|---|---|---|
|Unrestricted|funds||444,605|422,502|
|Restricted|funds||4,332,288|3,885,255|
|TOTAL FUNDS|||4,776,893|4,307,757|
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|---|---|---|---|---|---|
|2.|Other trading
activities|||||
|||||9/4/21|9/4/20|
||||||5|
||Sales ofcatalogues||||2,964|
|3.|Investment|income||||
|||||9/4/21|9/4/20|
|||||6||
||Investment|income||97,328|130,470|
||Deposit account interest|||414|2,009|
|||||97,742|132,479|
|4.|Raising funds|||||
||Investment|management|costs|||
|||||9/4/21|9/4/20|
|||||F||
||Portfolio management|||13,357|13,848|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||fund|funds|funds|
|||||E|K|5|
|INCOME|AND ENDOWMENTS||FROM||||
|Other trading||activities||2,964||2,964|
|Investment|income|||132,479||132,479|
|Total||||135,443||135,443|
|EXPENDITURE ON|||||||
|Raising funds|||||13,848|13,848|
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|6.|Comparatives
for the statement|Comparatives
for the statement|Comparatives
for the statement|Comparatives
for the statement|offinancial|activities|-continued|-continued||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted|Total|
||||||||fund|funds|funds|
||||||||E|E||
||Charitable
activities|||||||||
||Maintenance
of|museum|and|exhibits|||64,266||64,266|
||Museum
administration||||||26,316||26,316|
||Total||||||90,582|13,848|104,430|
||NET INCOME/(EXPENDITURE)||||||44,861|(13,848)|31,013|
||Other recognised
gains/(losses)|||||||||
||Gains/(losses)
on revaluation|||offixed||||||
||assets|||||||~389,917)|~389,917)|
||Net movement|in funds|||||44,861|(403,765)|(358,904)|
||RECONCILIATION
OF FUNDS|||||||||
||Total funds brought forward||||||377,641|4,172,850|4,550,491|
||TOTAL FUNDS|CARRIED||||||||
||FORWARD||||||422,502|3,769,085|4,191,587|
|7.|Heritage assets|||||||||
||||||||||Total|
||||||||||E|
||Market value|||||||||
||At 10April 2020|and 9April 2021|||||||961,290|
||Net book value|||||||||
||At 9 April 2021||||||||961,290|
||At 9 April 2020||||||||961,290|
##
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|||||||||||Listed|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||investments|
|||||||||||6|
|Market value|||||||||||
|At 10April 2020||||||||||2,950,684|
|Additions||||||||||428,233|
|Disposals||||||||||(418,868)|
|Revaluations||||||||||460,390|
|At 9 April|2021|||||||||3,420,439|
|Net book|value||||||||||
|At 9 April|2021|||||||||3,420,439|
|At 9April|2020|||||||||2,950,684|
|Investments||were||held as follows:||||9/4/21||9/4/20|
|||||||||Market|value|Market value|
|||||||||6||E|
|Investment||assets||in the|UK|||2,544,458||2,086,199|
|Investment||assets||outside the UK||||875,981||864,485|
|||||||||3,420,439||2,950,684|
|The quoted||investments|||include the following|holdings|which||||
|represent|more||than 5%||by value ofthe total portfolio||||9/4/21|9/4/20|
|||||||||Market|value|Market value|
|||||||||f||6|
|Treasury stock - 2024||||||||182,220||185,067|
|Treasury stock -2027||||||||188,848||148,937|
|Halma
pic||||||||189,366||145,780|
|Picton Property|||Income Limited|||||174,800||156,370|
|Nestle||||||||171,285||169,765|
|Renewables||Infrastructure||||||193,920||213,760|
|Cost or valuation|||at 9 April 2021 is represented|||by:|||||
|||||||||||Listed|
|||||||||||investments|
|Valuation|in|2021||||||||1,167,436|
|Cost||||||||||2,253,003|
|||||||||||3,420,439|
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|---|---|---|---|---|---|---|---|---|---|
|9.|Debtors: amounts|||falling due within one year||||||
|||||||||9/4/21|9/4/20|
|||||||||E||
||Other debtors|||||||325|325|
||Prepayments|||||||21,416|22,057|
|||||||||21,741|22,382|
|10.|Current asset investments|||||||||
|||||||||9/4/21|9/4/20|
|||||||||9|E|
||Uninvested
funds||held||by portfolio manager|||4,223|29,654|
||Other funds|||||||28,832|29,370|
|||||||||33,055|59,024|
|11.|Creditors: amounts|||falling due within one year||||||
|||||||||9/4/21|9/4/20|
||||||||||E|
||Other creditors|||||||7,950|8,514|
|12.|Movement
in funds|||||||||
|||||||||Net||
|||||||At||movement|At|
|||||||10/4/20||in funds|9/4/21|
|||||||E||E|6|
||Unrestricted
funds|||||||||
||General
fund|||||422,502||22,103|444,605|
||Restricted funds|||||||||
||Casebourne
fund|||||45,616|||45,616|
||0 &FWells Charitable||||Trust|528|||528|
||CONC Higgins capital||||fund|3,722,110||447,033|4,169,143|
||Buckingham
Lace||fund||||148||148|
||Museum
amenity|fund|||||20||20|
||Esmee Fairbairn|Trust||||264|||264|
||Penrose paintings||fund|||399|||399|
|||||||3,769,085||447,033|4,216,118|
||TOTAL FUNDS|||||4,191,587||469,136|4,660,723|
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|Net movement|in funds,
included
|in the above are as|follows:|||
|---|---|---|---|---|---|
|||Incoming
resources
8|Resources
expended
F|Gains and
losses
f|Movement
infunds|
|Unrestricted|funds|||||
|General fund||97,742|(75,639)||22,103|
|Restricted funds||||||
|CCNC Higgins|capital fund||(13,357)|460,390|447,033|
|TOTAL FUNDS||97,742|~88,996)|460,390|469,136|
##
|Comparatives
for mo|vement
in funds||||
|---|---|---|---|---|
||||Net||
|||At|movement|At|
|||10/4/19|in funds|9/4/20|
|||F||E|
|Unrestricted
funds|||||
|General
fund||377,641|44,861|422,502|
|Restricted funds
Casebourne
fund||45,616||45,616|
|0 & FWells Charitable
CCNC Higgins capital
Buckingham
Lace fund
Museum
amenity
fund
Esmee Fairbairn
Trust
Penrose paintings
fund|Trust
fund|528
4,125,875
148
20
264
399|(403,765)|528
3,722,110
148
20
264
399|
|||4,172,850|~403,765)|3,769,085|
|TOTAL FUNDS||4.550,491|~355,904)|4,191,587|
##
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|Compar|ative
|net movement
in fun|ds,
included
in the|above are as|follows:||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||F|6|6||
|Unrestricted||funds|||||
|General|fund||135,443|(90,582)||44,861|
|Restricted funds|||||||
|CCNC|Higgins|capital fund||(13,848)|(389,917)|(403,765)|
|TOTAL|FUNDS||135,443|~104,430)|L389,991177)|~358,904)|
|A current year 12|mont|hs
and prior year|12 months
combined
posi|tion is as foll|ows:|
|---|---|---|---|---|---|
|||||Net||
||||At|movement|At|
||||10/4/19|in funds|9/4/21|
||||6|6|E|
|Unrestricted
funds||||||
|General fund|||377,641|66,964|444,605|
|Restricted funds||||||
|Casebourne
fund|||45,616||45,616|
|08 FWells Charitable||Trust|528||528|
|CCNC Higgins capital||fund|4,125,875|43,268|4,169,143|
|Buckingham
Lace fund|||148||148|
|Museum
amenity|fund||20||20|
|Esmee Fairbairn|Trust||264||264|
|Penrose paintings|fund||399||399|
||||4,172,850|43,268|4,216,118|
|TOTAL FUNDS|||4,550,491|110,232|4,660,723|
##
##
|included
in the|above are as follo|ws:||||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||8|8|8|
|Unrestricted|funds|||||
|General fund||233,185|(166,221)||66,964|
|Restricted funds||||||
|CCNC Higgins|capital fund||(27,205)|70,473|43,268|
|TOTAL FUNDS||233,185|(193,426)|70,473|110,232|
##
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##
||||9/4/21|9/4/20|
|---|---|---|---|---|
||||E|6|
|INCOME AND ENDOWMENTS|||||
|Other trading
activities|||||
|Sales of catalogues||||2,964|
|Investment
income|||||
|Investment
income|||97,328|130,470|
|Deposit account interest|||414|2,009|
||||97,742|132,479|
|Total incoming
resources|||97,742|135,443|
|EXPENDITURE|||||
|Investment
management||costs|||
|Portfolio management|||13,357|13,848|
|Charitable
activities|||||
|Insurance
ofmuseum
exhibits|||32,416|28,520|
|Restoration
&cleaning|||936|4,678|
|Photographs
ofexhibits|and mounts|||763|
|Subscriptions 8sundries|||305|928|
|Contribution
towards
curator costs|||30,000|30,000|
||||63,657|64,889|
|Support costs|||||
|Governance costs|||||
|Auditors'
remuneration|||3,700|3,500|
|Auditors'
remuneration|for|non audit|||
|work|||4,070|3,984|
|Legal costs and disbursements|||4,212|17,909|
|Museum
board expenses||||300|
||||11,982|25,693|
|Total resources expended|||88,996|104,430|
|Net income|||8,746|31,013|