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2021-03-31-accounts
| 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 |