| CONTENTS | PAGE |
|---|---|
| Trustee Members of the Board | 1 |
| Trustees Annual Report | 2−6 |
| Statementoffinancial activities (Including income and expenditure accoun. | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9−13 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| Note | E | £ | |||
| INCOMING RESOURCES | |||||
| Incoming resources from generating funds: | |||||
| Voluntary income | |||||
| Donations and other income | 2 | 3,344 | 3,344 | 4,186 | |
| Income from charitable activities | |||||
| Grants | 32,419 | 70,600 | 103,019 | 19,795 | |
| Investment income | 3 | 29 | 29 | 95 | |
| TOTAL INCOMING RESOURCES | 35,792 | 70,600 | 106,392 | 24,076 | |
| RESOURCES EXPENDED | |||||
| Costs of generating funds: | |||||
| Charitable Activities | 21,481 | 41,586 | 63,067 | 2,533 | |
| Fund Raising and Advertising inc website | |||||
| Charitable activities | 4 | 1,232 | 1,232 | 16,379 | |
| Governance costs | 5 | ||||
| TOTAL RESOURCES EXPENDED | 22,713 | 41,586 | 64,299 | 18,912 | |
| NET OUTGOING RESOURCES FOR THE | |||||
| THE YEAR | 13,079 | 29,014 | 42,093 | 5,164 | |
| Transfers between funds | 31,114 | (31,114) | |||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 58,175 | 35,164 | 93,339 | 88,175 | |
| TOTAL FUNDS CARRIED FORWARD | 102,368 | 33,064 | 135,432 | 93,339 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| E | |||||
| FIXED ASSETS | |||||
| Tangible assets | |||||
| CURRENT ASSETS | |||||
| Stock | |||||
| Debtors | 6 | 20,749 | 8,743 | ||
| Cash at bank and in hand | 125,573 | 86,323 | |||
| 146,322 | 95,066 | ||||
| CREDITORS: Amountsfallingdue | |||||
| within one year | 7 | (10,890) | (1,727) | ||
| NET CURRENT ASSETS | 135,432 | 93,339 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 135,432 | 93,339 | |||
| NET ASSETS | 135,432 | 93,339 | |||
| FUNDS | |||||
| −Restricted income funds | 8 | 33,064 | 35,164 | ||
| Unrestricted income funds | 9 | 102,368 | 58,175 | ||
| TOTAL FUNDS | 135,432 | 93,339 |
| 2. | VOLUNTARY INCOME | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| DONATIONS AND OTHER INCOME | ||||||
| Membership subscriptions | 3,344 | 3,344 | 2,935 | |||
| Distribution Levy | 1,060 | |||||
| Donations | ||||||
| 3,344 | 3,344 | 3,995 | ||||
| 3. | INVESTMENT INCOME | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| £ | ||||||
| Bank interest receivable | 29 | 29 | 191 | |||
| 4. | CHARITABLE ACTIVMES | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| Grants awarded | 804 | 804 | 1,792 | |||
| Subscriptions | 359 | 359 | 856 | |||
| Bank charges | 63 | 63 | 60 | |||
| Sundry | 6 | 6 | ||||
| 1,232 | 1,232 | 2,708 | ||||
| 5. | GOVERNANCE COSTS | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| Independent Examination Fee |
| DEBTORS | ||
|---|---|---|
| 2021 | 2020 | |
| E | E | |
| Trade Debtors | 20,749 | 8,743 |
| Prepayments | ||
| 20,749 | 8,743 | |
| CREDITORS: Amounts falling due within one year | ||
| 2021 | 2020 | |
| E | E | |
| Trade Creditors | 10,890 | 1,727 |
| Accruals and deferred income | ||
| 10,890 | 1,727 |
| Balance at | Incoming | Outgoing | Transfer | Balance at | |
|---|---|---|---|---|---|
| 01 Apr 2020 | rescources | resources | **Between Funds ** | 31 Mar 2021 | |
| E | E | E | E | ||
| Suffolk Museums Partnership | 31,114 | 1,600 | (1,600) | (31,114) | |
| SHARE−CIO Conversion Project | 4,050 | 100 | (1,200) | − | 2,950 |
| Creative Heritage Wellbeing | 25,000 | 25,000 | |||
| Lowestoft Museum Development | 10,120 | (8,000) | 2,120 | ||
| Summer in a Box | 33,780 | (30,786) | 2,994 | ||
| 35,164 | 70,600 | (41,586) | (31,114) | 33,064 |
| UNRESTRICTED INCOME FUNDS | |||||
|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfer | Balance at | |
| 01 Apr 2020 | rescources | resources | Between **Funds ** | 31Mar 2021 | |
| Designated Funds | E | E | E | E | E |
| Suffolk Museums Partnership | − | 32,419 | (14,489) | (17,930) | |
| Transforming People | 2,500 | − | − | 2,500 | |
| Education in Museums | 3,582 | − | 3,582 | ||
| Museum Project Fund | 9,277 | (2,000) | (3,000) | 4,277 | |
| Rekindling Memories | 11,518 | 11,518 | |||
| Creative Heritage | 11,033 | 11,033 | |||
| Lowestoft Rising | 1,198 | 3,000 | 4,198 | ||
| 39,108 | 32,419 | (16,489) | (17,930) | 37,108 | |
| General Funds | 19,067 | 3,373 | (6,224) | 49,044 | 65,260 |
| 58,175 | 35,792 | (22,713) | 31,114 | 102,368 |
| Restricted | Unrestricted | Unrestricted | Total | |
|---|---|---|---|---|
| Fund | Designated | General | ||
| Fund | Fund | |||
| £ | ||||
| Fund balances at 31 March 2021 | ||||
| are represented by: | ||||
| Tangible fixed assets | ||||
| Net CurrentAssets/Liabilities | 33,064 | 37,108 | 65,251 | 135,423 |
| Total Funds | 33,064 | 37,108 | 65,251 | 135,423 |