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||Page|
|---|---|
|Referenceand administrative detailsofthe charity,||
|its trusteesandadvisers|1|
|Chair's statement|2-3|
|Directors'andTrustees'annualreport|4-15|
|lndependentauditors'report|16-18|
|Gonsolidated statementoffinancialactivities|19|
|Consolidatedbalancesheet|20|
|Gompany balancesheet|21|
|Gonsolidated statementof cashflowstatement|22|
|Notestothefinancial statements|23-40|
##
|Directors|MrAVWBone|
|---|---|
||DrSAGoddard(Chair)|
||MrsVMTrevelyan|
||MrSDukes|
||MrG Horn (resigned 20 October 2020)|
||Councillor MrsLBaxter|
||MrJMPattle|
||MsKBoardman-Hims (resigned23April2021)|
||MrNCBMacpherson|
||MsJHCousins|
||MsAC Harrison (appointed24July2020)|
||MsM JAppleby (appointed24July2020)|
||DrCKBarlow (appointed24July 20201|
||MrJHBrighton (appointed24July2020)|
||MrART Butler-Zagni (apponted24July2020)|
||MrS K Hooton (appointed24July 202O)|
|Companyregistered number|0'1819676|
|Charity registered number|293033|
|Registeredoffice|MuseumofEastAnglianLife|
||Stowmarket|
||SuffolklP141DL|
|Website|eastanglianlife.org.uk|
|CompanySecretary|Ms A C Harrison (appointed24July2020)|
|MuseumDirector|Ms.J Cousins|
|lndependent auditors|GMS FCLimited|
||CharteredCertified Accountants|
||&Statutory Auditors|
||1London Road|
||lpswich|
||Suffolk|
||IP.I2HA|
|Bankers|Barclays Bank Plc|
||13Market Place|
||Stowmarket|
||SuffolklP141DL|
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|Thefollowingis asummary extracted fromthe|financial statements||
|---|---|---|
||202'.1|2020|
|Grossincome for theyear|t796.544|t't.072.728|
|Total expenditure incurred|e682.175|L732.714|
|Surplusachieved|El'14.369|8340.014|
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||||Unrestricted|Restrictod|Total|Unrestricted|Resticled|fotal|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funda|lunds|funds|funds|
||||2021|2021|2021|2020|2020|2020|
|INCOME FROM:|N|ote|E|€|E|E|E|c|
|Grants, DonationsandLegacies||2|527,040|165,314|692,354|288,306|567,177|855,483|
|Othertrading activities||3|4,70t||4,701|131,951||131,951|
|Charitable activities||4|38,ir4l||38,441|72,536||72,536|
|lnvestment income|||51||5l|383||383|
|Olher income|||20,995||20,99s|12,375||12,375|
|TOTAL INCOMING RESOURCES|||631,230|r65,3.t4|796,s4i1|505,551|567,177|1,072,728|
|EXPENDITURE ON:|||||||||
|Raisingfundsandother trading|||||||||
|activities||6|39,033||39,033|73,491||73,491|
|Charitableactivities
Otherexpenditure||7
I|4a7,264
6,068|'149,810|637,074
6,068|419,763
10,118|229.i42|u9,105
10,118|
|TOTAL RESOURCESEXPENDED||'11|(532,365)|(r49,8r0)|(682,r7s)|(503,372)|(229,342)|(732,714)|
|NETINCOME(EXPENDITURE) FOR|||||||||
|THEYEAR|||98,865|15,504|'t't4,359|2,179|337,835|340.014|
|Transfs6|20||(11,562)|11,562||26,906|(26,906)||
|Total fundsat14p2020|||282,111|2,668,040|2,950,151|253,026|2,357,111|2,610,137|
|TOTALFUNDSAT3IMARCH 2O2I|||369,i(14|2,695,106|3,064,520|282,111|2,668,040|2,950,151|
|The noteson pages23 to 40formpart ofthese financial slatements.|||||||||
||||||2021
€|||2020f|
|Eamings beforeinterest and deprecration|||||2@,287|||420,400|
##
##
||Note|f|2021
€|f|2020t|
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible assets|13||2,287,055||2,245,710|
|Heritage assets|14||765,440||761,819|
||||3,052,495||3,007,529|
|CURRENT ASSETS||||||
|Stocks|16|5,763||5,416||
|Debtors|17|48,059||66,329||
|Cash at bank and in hand||234,128||164,343||
|||287,950||236,088||
|CREDITORS: amounts falling due within||||||
|oneyear|18|(21s,240l-||(272,614)||
|NETCURRENTASSETS(L|AB|LtTtES)|||68,710||(36,526)|
|TOTAL ASSETS LESS CURRENTLIABILITIES|||3,121,205||2,971,003|
|CREDITORS: amounts falling due after||||||
|morethan oneyear||||||
|CAPITALGRANTRESERVE|26||(s6,685)||(20,852)|
|NETASSETS|||3,064,520||2,950,151|
|CHARITY FUNDS||||||
|Restricted funds|20||2,69s,106||2,668,040|
|Unrestricted funds|20||369,414||282,111|
|TOTALFUNDS|||3,064,520||2,950,151|
##
##
||||2021||2020|
|---|---|---|---|---|---|
||Note|f|€|t|t|
|FIXEDASSETS||||||
|Tangible assets|13||2,286,581||2,245,531|
|Heritage assets|14||765,440||761,819|
|lnvestments|15||100||100|
||||3,052,121||3,007,450|
|CURRENT ASSETS||||||
|Debtors|17|74,212||81,549||
|Cashatbankandin hand||194,285||139,596||
|||268,497||221,145||
|CREDITORS: amounts fallingduewithin
one year|18|(200,608)||p!8t480)||
|NET CURRENTASSETS(L|ABrLrTrES)|||67,889||(37,3s5)|
|TOTAL ASSETS LESS CURRENT LIABILITIES|||3,120,010||2,970,115|
|CREDITORS: amounts falling due after||||||
|morethan one year||||||
|CAPITAL GRANTRESERVE|26||(56,685)||(20,852)|
|NETASSETS|||3,063,325||2,949,263|
|CHARITYFUNDS||||||
|Restrictedfunds|20||2,695,106||2,668,040|
|Unrestrictedfunds|20||368,2't 9||281,223|
|TOTALFUNDS|||3,063,32s||2,949,263|
##
##
||Note|2021t|2020f|
|---|---|---|---|
|CASH FLOWSFROM OPERATING ACTIVITIES:||||
|Net cashprovidedby(usedin)operating activities|Table1|161,292|479,249|
|CASH FLOWSFROM INVESTING ACTIVITIES:||||
|Purchase of fixed assets||(13s,EE3)|(487,350)|
|Capital grants received||48,325|25,972|
|lnterest received||51|383|
|Net cashprovidedby(used in) investing activities||(91,s07)||
||||"995)|
|CHANGEINCASHANDCASH EQUIVALENTS||69,785|18,254|
|Cashandcashequivalents at1April2020||164,343|146,089|
|CASHANDCASH EQUIVALENTS AT 31 MARCH2021||234,128|164,343|
|TABLE1||||
|RECONCILIATION OF NETINCOME(EXPENDITURE)||||
|TONET CASHFLOWFROM OPERATING ACTIVITIES||||
|Net income/(expenditure) for reportingperiodas||||
|per statement of financial activities||114,369|340,014|
|Adjustments:||||
|lnterest received||(s1)|(383)|
|Donated assets||||
|Depreciation||94,918|80,386|
|Capital grant released to statemenl of financial activity||112,4e31|(5,121)|
|(lncrease)/Decrease in stock||(347)|(3,143)|
|(lncreaseyDecreaseindebtors||'t8,270|62,614|
|lncrease/(Decrease)increditors
Netcash providedby (used in)operating activities||{!qi74)
161,292|4,882
479,249|
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||unrestricted|R€striclod|Total|UMesticled|Restricled|Total|
|---|---|---|---|---|---|---|
||tundE|funda|tund3|lunds|luncls|tunds|
||2021|2021|2021|2021|2021|2020|
||E|€|C|E|t|E|
|Arts Council England|150,218||150,218|147504||147,504|
|Suffolk County Councll|102,510||102,510|100,000||100,000|
|Mid SutfolkOistrictCouncil|20,000||20,000|20,000||20,000|
|Stowmarket Town Council|5,000||5,000|5,000||5,000|
|Abbotl'sHallTrust|5,000||5,000||8,000|8,OOO|
|Donations:|||||||
|Other donalions|'t6,435|2,O40|18,475|12,545|1,980|14,525|
|Gaantsl|||||||
|Arts Council England (Covid support)|l/t3,950|36,000|179,950||||
|Mid Suffolk District CouncilCovid19grants|59,765||59,765||||
|HMRC corona virus iob retention sch€me|24,162||24,162||||
|HentrageFarm Prolect|||||372,254|372,254|
|Food BusinessPlan||1,553|1,553||50.000|50,000|
|Heritage Lottery Funding||18,676|18,876||||
|Headloy Trust and Esmee Fairbairn||34,624|34,624||51,933|51,933|
|NHS Parlnership||16,E76|1E,876||27,058|27,058|
|Colchesler and lpswichlruseumServrces||26,O25|26,025||42,346|42,346|
|Safer Suffolk||5,014|5,0lil||920|920|
|Watermill proiect||'t5,360|15,360||||
|Other grants||6,946|6,946|3,257|12,686|15,943|
|Total donated income&grants|527,040|165,314|692,3s4|288,306|567,177|855,483|
##
||Unrostrlcted|R6stdcted|Total|Unresticled|Roslricted|Total|
|---|---|---|---|---|---|---|
||funds|tund6|fundB|funds|funds|funds|
||2021t|2021
€|2021
E|2021
E||2020
E|
|Fundraising income|E,041||8,(Nt|55,968||55.968|
|Subsidiarytradrng rncome|36,662||36,662|75,983||75.983|
||44,70t||44,703|131,951||131,951|
##
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##
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021f|2021
E|2021t|2019f|
|Operationofthe museum
Admission fees,etc.|38,441||38,441|72,536|
##
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021f|2021
e|2021
e|2020t|
|Bank interest receivable|51||51|383|
##
##
|||Unro6trlcted|Restrlcted|Total|
|---|---|---|---|---|
|||tunds|fund6|funds|
|||2021t|2021
E|2021
€|
|Fundraising|and trading expensesi||||
|Fundraising|events|8,5r5||8,5'15|
|Commorcial|trading-directcosts|30,435||30,,135|
||supportcosts|83||83|
|||39,033||39,033|
|Unresticted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
||2|2|
|38,146||38,146|
|35,314||35,314|
|31||31|
|73,491||73,491|
|SUMMAR|Y BYFUND TYPE||||
|---|---|---|---|---|
|||un163trictod|Rostrictod|Total|
|||ftrnds|tundE|funds|
|||2021|2021|2021|
|||e|C|E|
|Operation|ofthe Museum|487,2U|149,810|637,O74|
|Unrestncted|Reslrcled|Total|
|---|---|---|
|lunds|funds|funds|
|2021
E|2021f|2020|
|419,763|229.342|649,105|
##
|SUMMARY BY EXPENDITU|RETYPE||||
|---|---|---|---|---|
||Staffcosts|Oop16ciatlon|Othercosts|Total|
||2021|2021|2021|2021|
||€|e|c|e|
|Direclcosts|352,t97||lli1.588|il67,,l8s|
|Support costs||94,835|71,7y|t69,589|
|Operationofthe [4useum|352,897|94,835|189,3,12|637,074|
|Stafcosts|Depreciation|Ofh€.costs|Total|
|---|---|---|---|
|2020
f|2020
f|2020t|2020|
|322,889||163,137|486.026|
||80,355|82,724|163.079|
|322,889|80,355|245.861|649.105|
##
##
##
|OTHER EXPENDITURE|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2021f|2021
E|2021
€|2020t|
|Governancecosts:|||||
|Auditors fees|3,500||3,500|6,250|
||3,s00||3,500|6,250|
|Financecosts:|||||
|Bankcharges|2,568||2,568|3,868|
||2,568||2,568|3,868|
|Total otherexpenditure|6,068||6,068|10,118|
##
##
##
|9.
DIRECTCOSTS|||||
|---|---|---|---|---|
||Operation|Fund|||
||of the|raisingand|Total|Total|
||Museum
€|trading
E|2021t|2020t|
|Livestockcosts|3,535||3,s35|6,425|
|Rent,ratesandwater|6,07'l||6,071|8,048|
|Lightand heat|18,883||18,883|22,921|
|Careof collections|6,159||6,159|5,004|
|Repairsand maintenance|19,930||19,930|19,145|
|Other projects|60,010||60,010|101,595|
|Fund raisingexpenditure||8,515|8,515|33,213|
|Purchases||30,435|30,435|35,314|
|Wages and salaries|352,897||352,897|327,821|
||467,48s|38,950|506,435|559,486|
|Totals- 2020:|||||
|Operationofthe Museum|486,027||486,027||
|Fundraising expenditure||33,213|33,213||
|Wagesallocatedtofundraising||4,932|4,932||
|Purchases||35,314|35,314||
||486,027|73,459|559,486||
|,IO.SUPPORTCOSTS|||||
|SUPPORTCOSTS|||||
|---|---|---|---|---|
||Operation||||
||ofthe|Commercial|Total|Total|
||Museum
€|trading
E|2021
e|2020t|
|Cleaning|4,20',1||4,201|3,727|
|lnsurance|20,356||20,356|20,037|
|Education|3,591||3,591|6,917|
|Marketing,stationery,web|||||
|andlT costs|29,534||29,534|39,373|
|SundryExpenses|17,073||17,073|12,668|
|Depreciation|94,835|83|94,918|80,386|
||169,590|83|169,673|163,108|
##
|NETtNCOMtNG /(OUTGO|NG) RESOURCES
Thisisstated after charging:|||
|---|---|---|
||2021f|2020t|
|Operating lease payments|1,425|1,305|
|Depreciationoftangible fixedassets-|||
|ownedby thecharitable group|94,918|80,386|
|Auditors' remuneration-audit|3,500|3,500|
|-non auditservices|2,s00|2,750|
##
|STAFF COSTS
Staffcostswereasfollows:|||
|---|---|---|
||2021
€|2020t|
|Wages and salaries:|||
|Gross salaries|323,193|313,125|
|Socialsecuritycosts|23,656|19,072|
|Employer pensioncosts|6,048|5,439|
||352,897|337,636|
|Theaverage monthlynumberof employees during theyearwa|sas follows:||
|---|---|---|
||2021|2020|
||No.|No.|
|Fulltimestaff- managementandadministration|||
|Management and administration
Service and operationalstaff|3
9|3I|
|Governance|1|1|
||13|13|
|Parttimestaff:|||
|Service and operationalstaff|I|I|
||21|21|
|Keymanagementarethe unpaid board of directo
following salaried staff members:|rsandthe||
|---|---|---|
||2021
f|2020t|
|MuseumDirector|38,000|38,000|
##
##
##
|TANGIBLEFIXEDASSETS|||||
|---|---|---|---|---|
||Estate and||||
||buildings||Plantand||
||(longlease)|equipment||Total|
|Group|€||E|€|
|Cost|||||
|At1April 2020|2,480,574||279,498|2,760,072|
|Additions|11,691||123,461|135,152|
|Disposals|||||
|At31 March2021|2,492,265402,959|||2,895,224|
|Depreciation|||||
|At1April2020|339,649||174,713|514,362|
|Charge for theyear|50,728||43,079|93,807|
|Depreciation on disposals|||||
|At 31March2021|390,377 217,752608,169||||
|Net book value|||||
|At31 March2021|2,101,888185,167|||2,287,055|
|At3'lMarch 2020|2,140,925104,785|||2,245,710|
|Company|€||f|€|
|Cost|||||
|At'lApril 2020|2,480,574||275,995|2,756,569|
|Additions|11,691||123,084|134,775|
|Disposals|||||
|At31 March2021|2,452,26s399,079|||2,891,34|
|Depreciation|||||
|At1April2020|339,649||171,389|5t1,038|
|Charge for theyear|50,728||42,997|93.725|
|Depreciation on disposals|||||
|At 31March2021|390,377||214,386|
604,763|
|Net book value|||||
|At3'lMarch2021|2,101,8881E4,693|||2,286,581|
|At31 March 2020|2,140,925||104,606|2,245,531|
##
##
##
|CHARITYHERITAGEASSETS||||
|---|---|---|---|
||Steam|Exhibits||
|Group and Company|engines
€|artefacts
f|Total
€|
|Cost||||
|At1April2020|176,000|596,834|772,834|
|Additions||4,731|4,731|
|At 31March2021|176,000|601,56s|777,565|
|lmpairment||||
|At1April2020||11,015|11,015|
|Chargefortheyear||1,110|1,110|
|At 31March2021||'t2,125|12,125|
|Net bookvalue||||
|At31 March2021|176,000|______1994q|765,40|
|At 31March 2020|176000|585,819|761,819|
##
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|DEBTORS|||||
|---|---|---|---|---|
||Group
2021
€|2020t|Company
2021
cf|2020|
|Trade debtors
Amounts owedbygroup undertakings
Other debtors
Prepayments and accruedincome|12,518
33,433
1,708|4,517
60,180
1,632|1,092
36,222
35,190
1,708|385
19,002
60,530
1,632|
||48,059|66,329|74,212|81,549|
##
|Amountsfallingduewithinone ye|ar||||
|---|---|---|---|---|
||Group||Company||
||2021
€|2020t|2021
E|2020
€|
|Trade creditors|70,971|68,663|68,795|68,565|
|Taxationandsocial security|5,286|5,219|5,2E6|5219|
|Deferred income (note19)|135,816|185,171|120,359|171,636|
|Accruals and other creditors|7,167|13,561|6,168|13,060|
||219,240|272,614|200,608|258,480|
##
##
##
|DEFERRED INCOME||||
|---|---|---|---|
|||Group||
||Released|Deferred||
||in 202'l|2021|2020|
||E|€|f|
|LocalAuthority|102,510||102,510|
|(corefunderforuvardfunding)||||
|Projecttimeperiodfunding|63,127|120,359|69,326|
|Project performancerelatedfunding||15,457|13,335|
|(Note18)|165,637|135,816|185,171|
|||Company||
||Released|Deferred||
||in2021
f|202',1
f|2020t|
|LocalAuthority|,t02,510||102,510|
|(corefunder forward funding)||||
|Projecttimeperiodfunding|63,127|120,359|69,126|
|Project performance related funding||||
|(Note18)|165,637|120,3s9|171,636|
##
##
##
|STATEMENT OF FUNDS||||||
|---|---|---|---|---|---|
||Brought|lncoming|Resources|Transfers|Carrled|
||ForwardI|resources
€|Expended
f|in/out
€|Forward
f|
|Unrestrictedfunds||||||
|Generalfunds|282,111|631,230|(532,36s)|(11,s62)|369,414|
||282,111|631,230|(s32,365)|(11,s62)|369,414|
|Restrictedfunds||||||
|Premises development fund|'t,893,273||114,7701||1,878,503|
|Heritage Farm project|505,727|1,290|137,3321||469,685|
|Steam engine collection|176,000||||176,000|
|MortlockBuilding|8,985||(1,110)||7,875|
|Specialist food museum businessplan||1,553|(7,6/11|6,088||
|Windpump restoration fund|2,534||||2,534|
|Steam engine resoration|15,633||||15,633|
|Headley Trust and Esmee Fairbairn|33,580|34,624|l34,278l||33,926|
|NHS Partnership||18,876|||18,876|
|Colchester and lpswich Museum Services -||||||
|SkillsfortheFuture|2,221|26,O25|124,3811||3,865|
|Safer SuffolkL D RopeTrust)|3,572|5,014|(13)||8,573|
|Watermillproject||16,110|(15,360)||750|
|Arts Council project funding||36,000|(14,80s)|5,474|26,669|
|HeritageLotteryemergency funding||18,876|||18,876|
|ArtFund||5,994|(120)||5,874|
|Otherworkingprojects.|26,5r5|952|||27,467|
|Total otrestrictedfunds|2,668,040|165,314|(149,810)|11,s62|2,695,106|
|Totalofallfunds|2,950,151|796,54|(682,17s)||3,064,520|
|(o&..-seenotes onPage 38)||||aa||
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||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds|funds|funds|funds|funds|
||2021|2021|2021|2021|2021|2020|
||€|€|e|f|f|f|
|Tangible fixed assets|156,549|2,130,506|2,287,055|155,952|2,089,758|2,245,710|
|Heritage assets|274,942|490,498|76s,M0|274,941|486,878|761,819|
|Current assets|56,685|23',1,265|287,950|75,557|160,531|236,088|
|Creditorsduewithin one year|(102,881)|(116,359)|1219,2401|(203,487)|(69,127)|(272,614)|
|Capitalgrantreserve|(1s,881)|(40,804)|(s6,68s)|(20,852)||(20,852)|
||369,414|2,695,106|3,064,520|282,111|2,668,040|2,950,151|
##
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|The followingtotaloperating lease payments are com|mitted to bepaid:||
|---|---|---|
||2021t|2020t|
|Expiring:
Betweenone andfive years|1,425|1,305|
##
##
||2020
e|2019t|
|---|---|---|
|Balance brought forward|20,852||
|Grants receivedinthe year|48,326|25,973|
|Amount releasedinthe year|(12,493)|(5,121)|
|Balance carried forward|__!9f99_|20,852|