OpenCharities

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2021-03-31-accounts

Deacri tion tion Miti
ation/Action
Significant reduction in volunteer Take a proactive
approach
to recruitment,		 going
to
numbers careers
fairs
and
contacting
universities.		 Promote
volunteering
at summer
fairs.
Maintain
knowledge
of
Covid-1 9
uidance for volunteers.
Dependence on income sources A grant
has been
secured
from
the
local
council
for
2021/22.
Continue
close
contact
with
the		 council
throu
h re resentatives
on the board.
Shorffall on fundraising Fundraising
kept
under
constant
review		 by
the
Fundraising
and
Marketing
Group.
Curator		 to
be
constantl
vi
ilant for fundraisin
o
ortunities.
Reduction in visitor numbers Board to keep under
review based on regular		 Learning
and
Development
Officer
reports.
Plan		 exciting
programmes
to appeal
to both
new
and
established
audiences.
Fully implement
Association
of Independent
Museums
AIM -funded
marketin
strate
Loss of key staff Conduct
regular
staff reviews
and
meetings		 between
Chair and Curator.
Outreach activities targets not achieved Continue
to develop
the
outreach
offering,		 including
curator talks and tours and dementia-friendl
sessions

Unrestricted Restricted
Funds Funds Total
Incoming resources 37,745 95,436 133,181
Resources expended (27,077) (97,234) (124,311)
10,668 1,798 8,870
Unrestricted Restricted
Funds Funds Total
Incoming resources 33,135 115,046 148,181
Resources expended (25,937) (115,046) (140,983)
7,198 7,198

Unrestricted Restricted
Notes Funds Funds Total
Income from
Donations and Grants 26,735 95,436 122,171
Charitable Activities 11010 0 11,010
37,745 95436 133,181
Expenditure
on
Raising funds 214 0 214
Charitable activities 26,863 97,234 124,097
27,077 97,234 124,311
Net income 10,668 (1,798) 8,870
Net movement in funds 10,668 1,798 8,870
Total funds brought forward 61,650 24,271 85,921
Total funds carried forward 72,318 22,473 94,791
Unrestricted Restricted
Notes Funds Funds Total
Income from
Donations and Grants 12,317 115,046 127,363
Charitable Activities 20,818 0 20,818
33,135 115,046 148,181
Expenditure
on
Ra)sing funds 1,731 0 1,731
Charitable activities 24,206 115,046 139,252
25,937 115,046 140,983
Net income 7,198 7,198
Net movement in funds 7,198 7,198
Total funds brought forward 54,452 24,271 78,723
Totat funds carried forward 61,650 24,271 85,921

Notes 2021 2020
E K F
CURRENT ASSETS
Debtors 9,695 8,645
Bank and cash balances 101,878 85,010
111,573 93,655
CREDITORS - falling due
within one year (16,782) (7,734)
94,791 85,921
RESERVES
Unrestricted
funds		 72,318 61,650
Restricted funds 22,473 24,271
94,791 55 521

Year Ended Year Ended
31eMarch 31"March
2021 2020
6
Net cash inflow from operating activities 16,868 38281
Change
in cash and cash		 equivalents in reporting
period 16,868 (38,281)
Cash and cash equivalents at the beginning ofthe
reporting
period		 85,010 123,291
Cash and cash equivalents at the end of the
reporting
period		 101,878 85,010
Reconciliation of net movement in funds to net
cash flow from operating activities 8,870 7,198
Increase
in debtors		 (1,051) (6,135)
(Decrease)/Increase
in creditors		 9.049 (39,344)
Net cash used in operating activities 16,868 38,281

Unrestricted funds Restricted funds Total funds
f 6 2021
LBRUT grant 0 80,000 80,000
Achieving
for Children		 0 1,062 1,062
St Mary Magdalene exhibition grants 0 1,518 1,518
King's Observatory exhibition 0 876 876
Richmond
Vicar's Book		 0 3,989 3,989
Covid-19 Support Grant 16,000 0 16,000
Heritage
Emergency		 Fund Grant 0 6,400 6,400
Other grants and donations 0 1,591 1,591
General donations 1,587 0 1,587
Benefactors Circle 6,000 0 6,000
Gift Aid claimed 3,148 0 3,148
Total 26,735 95,436 122,171
Unrestricted funds Restricted funds Total funds
2020
6 F 8
LBRUT grant 0 80,000 80,000
Achieving
for Children		 0 3,000 3,000
St Mary Magdalene exhibition grants 0 21,485 21,485
Queen's
Road exhibition		 0 7,627 7,627
Richmond
Vicar's		 Book 0 2,500 2,500
Other grants and donations 0 434 434
General donations 4,092 0 4,092
Benefactors Circle 7,000 0 7,000
Gift Aid claimed 1,225 0 1,225
Total 12,317 115,046 127,363

Unrestricted
funds 2021		 Total funds
2021		 Unrestricted
funds 2020		 Total funds
2020
F 6 6
Talks and events 638 638 4,002 4,002
Legacies 2,000 2,000 0 0
Subscriptions 912 912 1,050 1,050
Educational activities 962 962 8,323 8,323
HMRC Tax Relief 5,565 5,565 3,815 3,815
Other income 933 933 3,628 3628
11010 11010 20,818 20 818

RAISING FUN DS
Unrestricted Restricted Total
funds funds funds
2021
6
Talks and events 214 214
The breakdown for 2020 is shown below:

Unrestricted Restricted Total
funds funds funds
2020
F 6 6
1,731 0 1,731

Unrestricted Restricted Total
funds funds funds
2021
6 F
Museum costs 26,863 97,234 124,097
The breakdown for 2020 is shown below:
Unrestricted Restricted Total
funds funds funds
2020
f F 6
Museum costs 24,206 115,046 139,252

2021 2020
5
Salaries 66,634 61,869
National insurance contributions 1,942 2,757
Pensions 1,834 1,953
Holiday Accrual 0 1,800
70,410 68,379

2021 2020
5 6
Trade debtors 1,586 1,250
Prepaid expenses 8,109 7,395
9,695 8,645

2021 2020
8 6
Taxation 0 0
Accruals and deferred income 15,304 5,726
LBRUT Rent 0 0
Other Creditors 1 478 2008
16782 7 734

Balance at 1 Incoming Resources Balance at 31
April 2020 Resources expended March 2021
F 6 9 E
Restricted funds:
Development fund 15,994 (1,798) 14,196
Funds available for specific
exhibitions 8277 95,436 95,436 8,277
Total restricted funds 24,271 95,436 (97,234) 22,473
Unrestricted
funds		 61,650 37,745 (27,077) 72,318
85,921 133,181 124,311 94,791
e breakdown
for 2020 is shown		 below:
Balance at 1 Incoming Resources Balance at 31
April 2019 Resources expended March 2020
F f 6 E
Restricted funds:
Development fund 15,994 (0) 15,994
Funds available for specific
exhibitions 8,277 115,046 115,046 8277
Total restricted funds 24,271 115,046 (115,046) 24,271
Unrestricted
funds		 54,452 33,135 (25,937) 61,650
78,723 148,181 140,983 85 921