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||BUSHEY|MUSEUM TRUST|MUSEUM TRUST||||||||PAGE|12|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||STATEMENT|OF FINANCIAL||ACTIVITIES||FOR|THE FINANCIAL YEAR ENDED||31STMARCH|2021|||
||||||Current||Financial||||||
||||||Year, April 2020-||||||||
|||||||Nlarch 2021|||||Previous|year|
|||||Unrestricted|||Designated|Restricted|||||
|I|INCOMING RESOURCES|||Funds|||Funds|Funds|Total||||
||Voluntary
Income||||||||||||
||Donations|||F194|||||Ei|94|F2,600||
||Legacies|||f262|||||E262||||
||Grants|||f37880|||f615|E5,000|F43,495||f34,300||
||Income Generated||||||||||||
||Bushey Museum||Services (Shop)||EO||||||f2,618||
||Lettings and Sundries|||f586|||||f586||E19,886||
||Investment
Income||||||||||||
||Bank Interest|||||||||||f27|
||Charitable
Income||||||||||||
||Exhibitions||||FO
-f57|||||||F260|
||Education||||||||-F57||E2,707||
||Local History||||F0|||||FO||FO|
||Other|||||||||||FO|
|||||E38867|||F615|F5000|E44482||F62,397||
||RESOURCES EXPENDED||||||||||||
||Costs ofGenerated|Funds|||||||||||
||Fundraising||||||||||||
||Charitable
Activities -||Collection||||||||||
||Acquisitions||||FO|||||||F17|
||Conservation|and|Cataloguing||E64|||||||F691|
||Exhibitions|||F.691||||E5,038|E5,729||E3,122||
||Other Charitable
Activities||||||||||||
||Education||||||||EO||f1,263||
||Local History||||EO||||FO||||
||Miscellaneous||||||||||||
|||||||||||||EO|
||Establishment||||||||||||
||Maintenance|||E10,463|||||f10,463|||F.188|
||Services|||E3,373|||||E3,373||E14,121||
||Administration||||||||||||
||Human
Resources|||F23,772|||||F23,772||E23,727||
||Office Services|||F4,260|||||F4,825||E5,438||
||Professional
Services|||E1|520||||F1 520|||F730|
||Total Resources Expended|||F44,|143||f564|E5,038|F49,745||F49,296||
||Net Incoming|Resources||-F5,276|||E51|-E38|-E5,263||E13,101||
||RECONCILIATION||||||||||||
||Balance Brought||Forward|E31,108|E75,510|||E4,788|F111,406||f98,305||
||Net Incoming|Resources||4:5,276||E51||-E38|-E5,263||E13,101||
||Transfers
Between Funds||||fo||||||-EO||
||Balance Carried Forward|||E25,832|F75,561|||E4,750|f106,143||F111,406||
##
##
|||||BtFwd|Recpts|Paymts|Tr'fera|Cd Fwd at|
|---|---|---|---|---|---|---|---|---|
||||||||in||
|CASH ASSETS||||1stApr 2020|in Period|in Period|Penod|31-Mar-21|
|Cash at Bank and|In Hand||||||||
|Petty Cash||||22|0|-43|100|79|
|Bank Current|Account|||105,416|58,064|-62,885|-100|100,494|
|Outstanding|Debtors||||||||
|Outstanding|Creditors|||-952||||-1,350|
|Investment|in Subsidiary|||6,920||||6,920|
|Total Cash Assets||||111,406||||106,143|
|Comprising:|||||||||
|General (Unrestricted)||Fund|||||||
|Reserves||||31,108|52,449|-57,724||25,832|
|Designated
(Unrestricted)|||Funds||||||
|Collection||||5,010|615|-564||5,061|
|Refurbishment||||70,000||||70,000|
|Lighting
and Security||||500||||500|
|Restricted
Funds|||||||||
|Collection||||638|5,000|-5,038||600|
|Exhibitions||||4,030||||4,030|
|Grants||||120||||120|
|Total Funds||||111,406||||106,143|
##
|||||31 Mar 2021|31Ma/2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|Fixed assets|||||||
|Tangible
Fixed Assets|||11.8||||
|Investment
in Subsidiary|||11.9|E6,920||E6,920|
|Total Fixed Assets||||E6,920||E6,920|
|Current Assets|||||||
|Petty Cash||||E79||E22|
|Bank, Current
account||||E100,494|E105,416||
|Sundry Debtors|||11.7|E0|||
|Creditors
(falling due within||one||E100,573|E105,438||
|year)|||11.6|-E1,350|||
|Net Current|Assets|||E99,223|8104,486||
|Net Assets||||E106,143|Et|11,406|
|Comprising:|||||||
|General (Unrestricted|||||||
|Fund)|||||||
|Reserves
Designated||||25,832|31,108||
|(Unrestricted)|||||||
|Funds|||||||
|Collection
Refurbishment|&|11|4.1|E5,061|E5,010||
|Development||11.4.2||E70,000|E70,000||
|Lighting||11.43||E500||E500|
|Total Unrestricted|Funds|||8101,393|8106,618||
|Restricted Funds|||||||
|Collection||11.3.1||E600||E638|
|Exhibitions||11.3.2||54,030|E4,030||
|Grants||||E120||E'120|
|Total Restricted|Funds|||E4,750|E4,788||
|Total Funds||||F106,143|6111,406||
##
##
||NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021|
|---|---|
||ACCOUNTING
POLICIES|
|11.1.1|BASISOF PREPARATION|
||The accounts have been prepared
in accordance
with the Statement ofRecommended
Practice,
Accounting
and Reporting
by Chaffties SORP (FRS102),applicable
accounting
standards,
the
Companies
Act 2006 and the historical cost convention.
The presentation
ofthe Balance Sheet and
Statement of Financial
Activities
includes a General
Fund and a Restricted
Fund. This is necessitated|
||by the conditions
ofvarious grants and donations.
Details ofthe grants received,
donation
and
legacies are included
in the Annual
Report|
|11.1.2|FIXEDASSETS|
||The Trustees'
accounting
policy is to write off all fixed assets
in the year in which they were acquired.
Details ofthis may be found
in Note 11.8.|
|11.1.3|CASH FLOW STATEMENT|
||The Trust has taken advantage
ofthe exemption
provided
by the Financial
Reporting
Standard
1 for
small charities and has not prepared a Cash Flow Statement
for the year. The requirement
for
cashflow statements
was dropped
for accounting
period commencing
on or after 1"January 2016 if
the income ofthe charity is less than 6500,000.00.|
|11.1.4|COLLECTION|
||Items shown
under the Collection
heading
are only those purchased
by the Trust out of income or
through
specific grants.
Further details ofthe Collection are given
in the Report ofthe Trustees which
introduces
these accounts.|
||In accordance
with previously
recommended
practice the items
in the Collection
have not been shown
as an asset ofthe Trust but were treated as part of routine expenditure.
The SORP (FRS 102)
requires the information
on Heritage and Inalienable
Assets, which would cover the collection, should
be given
in Notes to the Accounts whether or not they have been capitalised.
The Trustees have
considered
this carefully and have decided that it is not practical on the grounds of difficulty and cost
and so are taking advantage
ofthe exception to this reporting
requirement
provided
in the SORP (FRS
102). Furthermore,
the Trustees consider that publication
would prejudice the efficient working ofthe
Charity
by increasing
the risk oftheft and/or
vandalism.|
|11.1.5|ROUNDING ERRORS|
||All amounts
are recorded and calculated
digitally to the penny
but are shown
rounded
to the nearest
pound.
In some cases, this can result
in minor discrepancies
between
the apparent
sum of individual
amounts
and the total shown.
The individual
amounts
and their sums are nevertheless
correct,|
|11.2.|GRANTS AND DONATIONS|
||The Museum
received grants from Hertsmere
Borough Council which this year totalled 636,800—
which
included
this year a hardship
grant. A display case was purchased
with the assistance
ofa
grant from The Decorative Arts Society. The Network Store was upgraded
with the assistance
ofa.
grant from Hertsmere
Borough Council.
As referred to above, a donation was received from the
Museum's
Subsidiary
Trading
Company.
Private donations
and donations
from Museum
visitors
amounted
toE194|
||All grants and donations
received
in the current
Financial Year were unrestricted
for the General
Fund
ofthe Museum.|
||The Friends ofthe Museum were again generous
in their purchases
of new acquisitions
and other
capital items although
the Museum's
temporary
brake on acquisitions
(due to lack ofstorage space)
meant that fewer requests were made. The Trustees would
like to take this opportunity
to thank
alf of
those who supported
the Museum
during the year with their time, talents, donations
and grants.|
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|Professional
Other sundry|Fees (Independent
creditors|Examiner)|-1,350
-0|-730
-222|
|---|---|---|---|---|
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