**REGISTERED COMPANY NUMBER: 01964697 (England and Wales) REGISTERED CHARITY NUMBER: 293260**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
Andrews and Palmer Ltd Chartered Accountants
32 The Square Gillingham Dorset SP8 4AR
**SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Statement of Financial Position**|6|to|7|
|**Notes to the Financial Statements**|8|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **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 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014 as amended by Update Bulletin 1 published on 2 February 2016.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To preserve the ancient remains known as Shaftesbury Abbey and to maintain a museum displaying finds from the Abbey site, and promote learning by people of all ages.
The museum also acts as an important local venue for arts and education within the community.
## **Significant activities**
Normally, the charity opens Shaftesbury Abbey Museum and Garden to the public on a daily basis from 1st April to 31st October, and at most weekends in other months of the year; however, because of the coronavirus restrictions the museum could not be opened at all in 2020, and the Garden only at weekends between early July and late September. The charity's normal activities of working with local schools and offering research facilities for students of all ages to promote learning, particularly about the history and heritage of Shaftesbury Abbey and the influence of the women who led and lived here, could not take place in 2020. And nor could it collaborate with local community organisations to host events including the Snowdrop Festival, Food Festival, Shaftesbury Fringe and Gold Hill Fair, because they were all cancelled.
However, the charity was able to make some progress with its multi-year Heritage Lottery funded SAVED project, "Shaftesbury Abbey: a Voyage of Exploration and Discovery", but only with very few volunteers and always working within socially distancing guidance. The archaeological and historical findings from the project were used in 2020 to inform the final phase of the project, the re-development of the museum, to better tell the story of Shaftesbury Abbey and its people.
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the company's aims and objectives and in the planning of future activities.
Audio guides are available to explain the items on view and their history, in the museum and garden. Printed guides are also available in many languages to aid overseas visitors.
Tours and workshops are offered to schools to develop pupils' historical investigation and interpretation skills and can be tailored to tie in with curriculums.
## **Volunteers**
Volunteers play a major role in preserving the abbey site and keeping it open for visitors. Some volunteers use their existing skills while others learn new skills.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
As stated above, the museum was not able to open during 2020 because of the coronavirus pandemic, and no special events were able to be held.
However, the charity was allowed to open the Gardens from 4 July, and did so at weekends only until 30 September. In order to offer as many local residents and visitors some respite from the pandemic's lockdown restrictions admission charges were waived but donations were welcomed.
Page 1
**SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2020**
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity aims to maintain reserves sufficient to allow the museum to open for the next year. The funds in the bank at the year-end are somewhat higher than has historically been the case for the charity, due mainly to the donations and grants received for restricted projects. Although some costs for these projects were incurred during the year, a sizeable proportion of their costs is expected to arise in 2021.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation was established as a company limited by guarantee and registered as a charity on 7th January 1986. The company is controlled by its governing document, the Memorandum & Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The liability of the members in the event of the Company being wound up is limited to a sum not exceeding £1.
## **Recruitment and appointment of new trustees**
One third of all board members are required to retire at each annual general meeting, by rotation, where they are eligible for re-election .
## **Organisational structure**
The board of management is made up of not less than 4, nor more than 12, of which there shall be not less than one Councillor from each locally relevant council. On 1 April 2019 local authorities in Dorset were re-organised such that Dorset County Council and North Dorset District Council no longer exist and a new Dorset Council was formed. An amendment to the Articles of Association to reflect this change was submitted and accepted by Companies House and the Charities Commission.
The charity employs a manager and has several volunteers who work on a rota to keep the museum open.
## **Related parties**
The following trustee is also a representative of a Council;
Mr A P Proctor of Shaftesbury Town Council
In addition to the trustees, there is an additional member of the board of management:
Mr D Beer (DCC, from 1 April 2019 DC, representative)
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
01964697 (England and Wales)
## **Registered Charity number**
293260
## **Registered office**
Park Walk Shaftesbury Dorset SP7 8JR
Page 2
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **REPORT OF THE TRUSTEES for the Year Ended 31 December 2020**
## **Trustees**
P Holloway Retired (resigned 23.8.20) Mrs S Jacson Company Director R S Keenlyside Chartered Surveyor W H Owen Retired (resigned 10.9.20) A P Proctor Architect P G Ryley Retired Mrs C L Ryley Retired C W Stupples Retired J E Pierce Retired Mrs P Swift Historical Interpreter (resigned 30.4.20) D Pearson Retired (appointed 30.9.20) P Wildman (appointed 30.9.20)
## **Company Secretary**
P G Ryley
## **Independent Examiner**
Philip Leslie Bevis FCCA FCA Andrews and Palmer Ltd Chartered Accountants 32 The Square Gillingham Dorset SP8 4AR
## **EVENTS SINCE THE END OF THE YEAR**
Information relating to events since the end of the year is given in the notes to the financial statements.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 30 April 2021 and signed on its behalf by:
P G Ryley - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **Independent examiner's report to the trustees of Shaftesbury Abbey and Museum Preservation Trust Company Limited ('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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. 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
4. 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.
Philip Leslie Bevis FCCA FCA Andrews and Palmer Ltd Chartered Accountants 32 The Square Gillingham Dorset SP8 4AR
30 April 2021
Page 4
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 December 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
5,708
**Charitable activities**
5
Museum and Garden
40,000
Other trading activities
3
4,788
Investment income
4
1,762
**Total**
52,258
**EXPENDITURE ON**
Raising funds
2,288
**Charitable activities**
Museum and Garden
33,594
**Total**
35,882
Net gains/(losses) on investments
(2,723)
**NET INCOME/(EXPENDITURE)**
13,653
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
53,198
**TOTAL FUNDS CARRIED FORWARD**
66,851|Restricted
funds
£
-
1,938
-
-
1,938
-
29,773
29,773
-
(27,835)
263,068
235,233|31.12.20
31.12.19
Total
Total
funds
funds
£
£
5,708
3,469
41,938
23,330
4,788
39,930
1,762
7,160
54,196
73,889
2,288
11,984
63,367
64,021
65,655
76,005
(2,723)
2,310
(14,182)
194
316,266
316,072
302,084
316,266|31.12.20
31.12.19
Total
Total
funds
funds
£
£
5,708
3,469
41,938
23,330
4,788
39,930
1,762
7,160
54,196
73,889
2,288
11,984
63,367
64,021
65,655
76,005
(2,723)
2,310
(14,182)
194
316,266
316,072
302,084
316,266|
|---|---|---|---|
||||73,889
11,984
64,021|
||||76,005
2,310|
||||194
316,072|
||||316,266|
The notes form part of these financial statements
Page 5
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **STATEMENT OF FINANCIAL POSITION 31 December 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
10
9,504
Heritage assets
11
-
**Investments**
Investments
12
16,094
Investment property
13
-
25,598
**CURRENT ASSETS**
Stocks
14
5,010
Debtors
15
1,312
Cash at bank and in hand
36,071
42,393
**CREDITORS**
Amounts falling due within one year
16
(1,140)
**NET CURRENT ASSETS**
41,253
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
66,851
**NET ASSETS**
66,851
**FUNDS**
17
Unrestricted funds:
General fund
Restricted funds:
Capital
SAVED
**TOTAL FUNDS**|Restricted
funds
£
34,728
4,000
-
180,000
218,728
-
-
16,505
16,505
-
16,505
235,233
235,233|31.12.20
Total
funds
£
44,232
4,000
16,094
180,000
244,326
5,010
1,312
52,576
58,898
(1,140)
57,758
302,084
302,084
66,851
218,249
16,984
235,233
302,084|31.12.19
Total
funds
£
46,242
4,000
18,817
180,000
249,059
4,672
1,064
66,793
72,529
(5,322)
67,207
316,266
316,266
53,198
218,493
44,575
263,068
316,266|
|---|---|---|---|
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 notes form part of these financial statements
Page 6
continued...
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **STATEMENT OF FINANCIAL POSITION - continued 31 December 2020**
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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.
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 30 April 2021 and were signed on its behalf by:
P G Ryley - Trustee
The notes form part of these financial statements
Page 7
**SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **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, with the exception of investments which are included at market value.
On 11 March 2020 the World Health Organisation declared the coronavirus Covid-19 outbreak a pandemic. The Charity has taken steps to mitigate this risk and has assessed expected cashflow and profitability for more than 12 months ahead. On this basis the Trustees consider that the going concern basis for preparation of the accounts remains appropriate.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **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.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property Fixtures and fittings - 25% on reducing balance
## **Heritage assets**
The charity owns the Abbey ruins and walled garden which are heritage assets. The items in the museum collections were donated and are considered irreplaceable, therefore no cost or value is shown.
## **Investment property**
Investment property is shown at fair value at the reporting date, any aggregate surplus or deficit arising from changes in fair value are shown as net gains/(losses) on investments in the income and expenditure account.
## **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.
continued...
Page 8
**SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
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.
## **Donated goods and services**
Volunteers are essential for the running of the museum and the maintenance of the gardens. It would be very difficult to place a monetary value on their contribution for accounting purposes.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **2. DONATIONS AND LEGACIES**
|**2.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||31.12.20|31.12.19|
|||£|£|
||Donations|5,708|3,469|
|**3.**|**OTHER TRADING ACTIVITIES**|||
|||31.12.20|31.12.19|
|||£|£|
||Fundraising events|25|4,624|
||Shop income|3,089|12,283|
||Plant sales|764|2,741|
||Admissions|-|18,902|
||Subscriptions|910|1,380|
|||4,788|39,930|
|**4.**|**INVESTMENT INCOME**|||
|||31.12.20|31.12.19|
|||£|£|
||Rents received|1,050|6,300|
||Other fixed asset invest - FII|712|860|
|||1,762|7,160|
continued...
Page 9
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|||31.12.20|31.12.19|
|---|---|---|---|
||Activity|£|£|
|Grants|Museum and Garden|41,938|23,330|
|Grants received, included in the|above, are as follows:|||
|||31.12.20|31.12.19|
|||£|£|
|Shaftesbury Council||3,400|4,500|
|Dorset County Council||11,000|-|
|Heritage Fund||-|17,160|
|CVHT||-|1,000|
|Other grants||-|670|
|South West Museum Development||1,000|-|
|Bristol City Council||1,538|-|
|Arts Council||22,500|-|
|Shaftesbury Charitable Trust||2,500|-|
|||41,938|23,330|
Grant income is accounted for on receipt. HLF require a final report of expenditure and this will be done when the grant is fully spent.
Total of £32,500 was received this year for Covid 19 support.
## **6. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|Depreciation - owned assets|2,010|2,614|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
continued...
Page 10
**SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.12.20|31.12.19|
|---|---|---|
|General manager|1|1|
|Chairman's assistant|1|1|
|Weekend steward|2|2|
||4|4|
No employees received emoluments in excess of £60,000.
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,469
**Charitable activities**
Museum and Garden
3,170
Other trading activities
39,930
Investment income
7,160
**Total**
53,729
**EXPENDITURE ON**
Raising funds
11,984
**Charitable activities**
Museum and Garden
37,038
**Total**
49,022
Net gains on investments
2,310
**NET INCOME/(EXPENDITURE)**
7,017
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
46,181
**TOTAL FUNDS CARRIED FORWARD**
53,198|Restricted
funds
£
-
20,160
-
-
20,160
-
26,983
26,983
-
(6,823)
269,891
263,068|Total
funds
£
3,469
23,330
39,930
7,160|
|---|---|---|
|||73,889
11,984
64,021|
|||76,005
2,310|
|||194
316,072|
|||316,266|
continued...
Page 11
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **10. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**|||
|---|---|---|
|Freehold
property
£
**COST**
At 1 January 2020 and 31 December 2020
40,000
**DEPRECIATION**
At 1 January 2020
1,000
Charge for year
200
At 31 December 2020
1,200
**NET BOOK VALUE**
At 31 December 2020
38,800
At 31 December 2019
39,000|Fixtures
and
fittings
£
21,709
14,467
1,810
16,277
5,432
7,242|Totals
£
61,709|
|||15,467
2,010|
|||17,477|
|||44,232|
|||46,242|
The freehold buildings are depreciated on a straight line basis of 0.5%.
|**11.**
**HERITAGE ASSETS**
**MARKET VALUE**
At 1 January 2020 and 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Total
£
4,000|
|---|---|
||4,000|
||4,000|
This is the walled garden shown at cost and the market value is considered to be the same as the original cost.
The only heritage asset shown at cost for the last five years is the walled garden.
The Abbey Museum uses standard museums collections software, called MODES, to record its heritage assets. Access to the heritage assets, almost entirely building materials from the Abbey eg. architectural stonework, window glass fragments, and ceramic floor tiles, is limited to those objects on open display at any time in the museum and gardens, that is, those not being displayed in locked glass cases - other heritage assets not on display are held in secure archaeological storage.
continued...
Page 12
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **12. FIXED ASSET INVESTMENTS**
|**12.**|**FIXED ASSET INVESTMENTS**||
|---|---|---|
|||Listed|
|||investments|
|||£|
||**MARKET VALUE**||
||At 1 January 2020 and 31 December 2020|15,520|
||**PROVISIONS**||
||At 1 January 2020|(3,297)|
||Provision for year|2,723|
||At 31 December 2020|(574)|
||**NET BOOK VALUE**||
||At 31 December 2020|16,094|
||At 31 December 2019|18,817|
||There were no investment assets outside the UK.||
|**13.**|**INVESTMENT PROPERTY**||
|||£|
||**FAIR VALUE**||
||At 1 January 2020||
||and 31 December 2020|180,000|
||**NET BOOK VALUE**||
||At 31 December 2020|180,000|
||At 31 December 2019|180,000|
The investment property has been valued at fair value by a trustee who is a qualified surveyor.
## **14. STOCKS**
|**14.**|**STOCKS**|||
|---|---|---|---|
|||31.12.20|31.12.19|
|||£|£|
||Stocks|5,010|4,672|
|**15.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.12.20|31.12.19|
|||£|£|
||Prepayments and accrued income|1,312|1,064|
continued...
Page 13
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|Trade creditors|180|553|
|Accruals and deferred income|960|4,769|
||1,140|5,322|
**17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Capital
SAVED
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
52,258
**Restricted funds**
Capital
-
SAVED
1,938
1,938
**TOTAL FUNDS**
54,196|At 1.1.20
£
53,198
218,493
44,575
263,068
316,266
Resources
expended
£
(35,882)
(244)
(29,529)
(29,773)
(65,655)|Net
movement
At
in funds
31.12.20
£
£
13,653
66,851
(244)
218,249
(27,591)
16,984
(27,835)
235,233
(14,182)
302,084
Gains and
Movemen
losses
in funds
£
£
(2,723)
13,653
-
(244
-
(27,591
-
(27,835
(2,723)
(14,182|At
31.12.20
£
66,851
218,249
16,984|
|---|---|---|---|
||||235,233|
||||302,084|
continued...
Page 14
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Capital
SAVED
**TOTAL FUNDS**|At 1.1.19
£
46,181
218,668
51,223
269,891
316,072|Net
movement
in funds
£
7,017
(175)
(6,648)
(6,823)
194|At
31.12.19
£
53,198
218,493
44,575|
|---|---|---|---|
||||263,068|
||||316,266|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Gains and|Movement|
|---|---|---|---|---|---|
||resources|expended|losses||in funds|
||£|£|£||£|
|**Unrestricted funds**||||||
|General fund|53,729|(49,022)|2,310||7,017|
|**Restricted funds**||||||
|Capital|-|(175)||-|(175)|
|SAVED|20,160|(26,808)||-|(6,648)|
||20,160|(26,983)||-|(6,823)|
|**TOTAL FUNDS**|73,889|(76,005)|2,310||194|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Capital
SAVED
**TOTAL FUNDS**|At 1.1.19
£
46,181
218,668
51,223
269,891
316,072|Net
movement
in funds
£
20,670
(419)
(34,239)
(34,658)
(13,988)|At
31.12.20
£
66,851
218,249
16,984|
|---|---|---|---|
||||235,233|
||||302,084|
Page 15
continued...
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020**
## **17. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Gains and|Movement|
|---|---|---|---|---|---|
||resources|expended|losses||in funds|
||£|£|£||£|
|**Unrestricted funds**||||||
|General fund|105,987|(84,904)|(413)||20,670|
|**Restricted funds**||||||
|Capital|-|(419)||-|(419)|
|SAVED|22,098|(56,337)||-|(34,239)|
||22,098|(56,756)||-|(34,658)|
|**TOTAL FUNDS**|128,085|(141,660)|(413)||(13,988)|
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
## **19. POST BALANCE SHEET EVENTS**
On 11 March 2020 the World Health Organisation declared the coronavirus Covid-19 outbreak a pandemic.There has been no adjustment to the financial statements as at 31 December 2020 as a result of this. However, the Trustees continue to monitor the changing circumstances and will adapt where considered appropriate, including using the government furlough scheme where necessary.
Page 16
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020**
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|5,708|3,469|
|**Other trading activities**|||
|Fundraising events|25|4,624|
|Shop income|3,089|12,283|
|Plant sales|764|2,741|
|Admissions|-|18,902|
|Subscriptions|910|1,380|
||4,788|39,930|
|**Investment income**|||
|Rents received|1,050|6,300|
|Other fixed asset invest - FII|712|860|
||1,762|7,160|
|**Charitable activities**|||
|Grants|41,938|23,330|
|**Total incoming resources**|54,196|73,889|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Opening stock|4,672|6,157|
|Purchases|2,073|6,442|
|Plants|-|933|
|Repairs & maintenance - Lodge|505|979|
|Events|48|2,145|
|Closing stock|(5,010)|(4,672)|
||2,288|11,984|
|**Charitable activities**|||
|Wages|12,867|15,803|
|Insurance|2,688|2,378|
|Rates, water, light and heat|2,567|3,092|
|Office expenses|1,447|2,508|
|Advertising|671|1,342|
|Sundries|357|635|
|Repairs & maintenance - Museum|3,258|3,757|
|Repairs & maintenance - building & gardens|5,776|2,733|
|Education|6,125|3,809|
|Archaeological survey|22,837|22,654|
|Carried forward|58,593|58,711|
This page does not form part of the statutory financial statements
Page 17
## **SHAFTESBURY ABBEY AND MUSEUM PRESERVATION TRUST COMPANY LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020**
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|**Charitable activities**|||
|Brought forward|58,593|58,711|
|Freehold property|200|200|
|Fixtures and fittings|1,810|2,414|
||60,603|61,325|
|**Support costs**|||
|**Governance costs**|||
|Accountancy fees|960|960|
|Professional fees|1,804|1,736|
||2,764|2,696|
|Total resources expended|65,655|76,005|
|**Net expenditure**|(11,459)|(2,116)|
This page does not form part of the statutory financial statements
Page 18