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|**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|





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|||**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|





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||**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|





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|**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||||||





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|**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|



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||**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_ **|**31****_Mar_ 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|





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||**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|



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