2021-01-31-accounts - Herschel House Trust

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					Page
Reference and administrative		details ofthe charity,	its trustee	and advisers
Trustee's report					2-6
Independent auditors'	report				7-9
Statement of financial	activities				10
Balance sheet
Notes to the financial	statements				12 - 22

The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	The Trustee of the charity at 31 January 2021, which has been that date and since the year-end, was The Bath Preservation	the sole Trustee for the whole Trust Limited (charity number	the sole Trustee for the whole Trust Limited (charity number	the sole Trustee for the whole Trust Limited (charity number	the sole Trustee for the whole Trust Limited (charity number
directors of	The Bath Preservation Trust Limited				during the year		and since the		year end were:
Trustees		Thomas Sheppard,		Chair «»
		Diane Aderyn «
		Robert Dunton ~
		Julie Finch x«'
		David Halls'
		Peta Hall '~4
		Bruce Haines «
		'
		Robert Hellard
		Tom Marshall's'
		Rachel Johnston	(resigned			31January	2021)'
		Colin Johnston'
		Simon Morray- Jones~
		Robert Tavernor Victoria Thornton	(resigned "			2 July 2020) '
		denotes members			ofthe Architecture and			Planning		Committee
		denotes members			ofthe Beckford		Tower	Trust Advisory Committee
		denotes members			ofthe Finance		Committee
		4 denotes members			ofthe Museums		and Education		Committee
		denotes members			ofthe Herschel		Museum	Advisory		Committee
Charity registered
number		298295
Registered	office	1 Royal Crescent
		Bath
		BA1 2LR
Independent	auditors	Bishop Fleming LLP
		Chartered Accountants
		10Temple Back
		Bristol
		BS1 6FL
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		West Mailing
		Kent
		ME194JQ
Investment	managers	MftG Investments
		PO Box9038
		Chelmsford
		CM99 2XF

			Unrestricted	Restricted	Endowment		Total
			funds	funds	funds	Total funds	funds
			2021	2021	2021	2021	2020
		Note	E	E	E	6	E
INCOME AND ENDOWMENTS	FROM:
Donations, legacies and grants			26,087	20,002		46,089	15,869
Charitable activities			11,816			11,816	63,695
Other trading activities			938			938	7,828
Investments			21,724			21,724	23,511
TOTALINCOME			60,565	20,002		80,567	110,903
EXPENDITURE ON:
Raising funds		7	5,036			5,036	6,315
Charitable activities		6	45,330	19,916		65,246	84,979
TOTAL EXPENDITURE			50,366	19,916		70,282	91,294
NET INCOME BEFORE
INVESTMENT GAINS			10,199	86		10,285	19,609
Net gains/(losses) on investments		12	(15,537)			15,537	13,647
NET INCOME/(EXPENDITURE)
BEFORE OTHER RECOGNISED
GAINS AND LOSSES			(5,338	86		(5,252)	33,256
NET MOVEMENT IN FUNDS			(5,338)	86		(5,252)	33,256
RECONCILIATION OF FUNDS:
Total funds brought forward			176,692	40,640		217,332	184,076
TOTAL FUNDS CARRIED FORWARD			171,354	40,726		212,080	217,332

				2021		2020
		Note		f.
FIXEDASSETS
Tangible Assets				50,937		55,995
Investments		12		94,846		110,383
				145,783		166,378
CURRENT ASSETS
Stocks		13	1,699		18905
Debtors		14	6,389		8,383
Cash at bank and in	hand		62,537		44,101
			70,625		54,389
CREDITORS: amounts year	faging due within one	13	~4324		(3,435)
NET CURRENT ASSETS				66,297		50,954
NET ASSETS				212,080		217,332
CHARITY FUNDS
Restricted funds		16		40,726		40,640
Unrestricted funds		16		171,354		176,692
TOTAL FUNDS				212,080		217,332

							Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	funds	funds
							2021	2021	2021	2021	2020
							f.	E	E	E	E
Donations							2,550			2,550	1,473
Grants - coronavirus					related		21,537	9,467		31,004
Grants - other							2,000	10,535		12,535	14,396
Total donations,			legacies and grants				26,087	20,002		46,089	15,869
Total 2020							3,473	12,396		15,869
INCOME FROM		CHARITABLE ACTIVITIES
							Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	funds	funds
							2021	2021	2021	2021	2020
							E	E	E	E	E
Museum admissions				income			8,753			8,753	62,373
Other museum			income				3,063			3,063	1 322
Total income		from		charitable		activities	11,816			11,816	63,695
Total2020							63,695			63,695
OTHER TRADING ACTIVITIES
							Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	funds	funds
							2021	2021	2021	2021	2020
							E	6	E	E	E
Shop income							938			938	7,828
Total 2020							7,828			7,828
INVESTMENT	INCOME
							Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	funds	funds
							2021	2021	2021	2021	2020
							E	E	E	E	E
Investment	income			—	rent		17,171			17,171	17,870
Investment	income			-	listed
investments		and bank interest					4,553			4,553	5,641
							21,724			21,724	23,511
Total 2020							23,511			23,511

		Unrestricted	Restricted	2021	2020
		E	E	E	E
Wages and salaries		24,028	8,900	32,928	42,238
Premises costs:
Insurances		1,995		1,995	1,793
Repairs and maintenance		1,727	85	1,812	5,042
Heat and light		4,705		4,705	4,875
Other premises	costs	3,019		3,019	5,774
Opening costs:
Conservation/enhancements		10	4,136	4,146	2,260
Leaflets and advertising					555
Guides and other opening costs		2,026	4,553	6,579	9,262
Administration:
Office and other	costs	1,769	567	2,336	5,509
Accountancy		1,200		1,200	1,200
Auditors' remuneration		1,468		1,468	1,414
Depreciation		3,383	1,675	5,058	5,057
		45,330	19,916	65,246	84,979
ANALYSIS OF EXPENDITURE BYEXPENDITURE TYPE
	Staff costs	Depreciation	Other costs	Total	Total
	2021	2021	2021	2021	2020
	E	E	E	E	E
Expenditure on raising funds
Shop expenditure			653	653	3,539
Rental property	costs		4,383	4,383	2,776
			5,036	5,036	6,315
Expenditure on charitable
activities	32,928	5,058	25,792	63,778	83,565
Expenditure on governance			1,468	1,468	1,414
	32,928	5,058	32,296	70,282	91,294
Total 2020	42,238	5,057	43,999	91,294

		Heritage	Fixtures and
		assets	fittings	Total
		E	6	E
COST
At 1 February	2020	44,634	20,841	65,475
At 31 January	2021	44,634	20,841	65,475
DEPRECIATION
At 1 February	2020		9,480	9,480
Charge for the	year		5,058	5,058
At 31 January	2021		14,538	14,538
NET BOOK VALUE
At 31January	2021	44,634	6,303	50,937
At 1 February	2020	44,634	11,361	55,995

FIXEDASSET INVESTMENTS
							Listed
							securities
							E
MARKET VALUE
At 1 February 2020							110,383
Revaluations							(15,537)
At 31 January 2021							94,846
INVESTMENTS AT MARKET VALUE		COMPRISE:
					2021		2020
						E	E
Listed investments					94,846		110,383
AIIthe fixed asset investments	are	held in the	UK.
The above was held entirely within		Charifund	- Equities	Investment	Fund for Charities	(Income).

13.	STOCKS
					2021	2020
					E	E
	Goods for resale				1,699	1,905
14.	DEBTORS
					2021	2020
					E	E
	Trade debtors				2,000	667
	Prepayments		and accrued income		4,389	7,716
					6,389	8,383
15.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2021	2020
					E	E
	Trade creditors				336	1,480
	Amounts	owed to group undertakings			2,273
	Accruals	and	deferred	income	1,719	1,955
					4,328	3,435

		Balance at					Balance at
		1 February			Transfers	Gains/	31 January
		2020	Income	Expenditure	in/out	(Losses)	2021
		6	E	E	6	E	E
DESIGNATED FUNDS
Short term maintenance		72,530					72,530
Medium to long term
maintenance		54,909					54,909
Future loss of income		49,253			(5,338)		43,915
		176,692			(5,338)		171,354
GENERAL FUNDS			60,565	(50,366)	5,338	(15,537)
TOTAL UNRESTRICTED FUNDS		176,692	60,565	(50,366)		(15,537)	171,354
RESTRICTED FUNDS
		Balance at					Balance at
		1 February			Transfers	Gains/	31 January
		2020	Income	Expenditure	in/out	(Losses)	2021
		E	E	E	5	E	E
HHT Assets:
Museum Exhibits		23,825					23,825
Display cases		4,512		(1,674)			2,838
HHT Funds:
B&NES		1,000					1,000
School visits		200	500				700
Ernest Cook		943		(79)			864
Royal Astronomical	Society	8,974					8,974
William Herschel Society		244					244
NLHF PPIC exhibition		(514)	514
AIM Conservation	Audit	(1,287)	1,287
Spark grant		2,743	6,176	(4,560)			4,359
AIM Collection Care			2,058	(4,136)			(2,078)
NLHF Covid grants			9,467	(9,467)
		40,640	20,002	(19,916)			40,726
TOTAL OF FUNDS		217,332	80,567	(70,282)		(15,537)	212,080

		Balance at 1
		February			Transfers	Gains/	Balance at31
		2019	Income	Expenditure	in/out	(Losses)	January 2020
			E	E	E	E	E
DESIGNATED FUNDS
Short term maintenance		72,530					72,530
Medium to long term
maintenance		27,559			27,350		54,909
Future loss of income		39,916			9,337		49,253
		140,005			36,687		176,692
GENERAL FUNDS			98,507	(75,467)	(36,687)	13,647
TOTAL UNRESTRICTED FUNDS		140,005	98,507	(75,467)		13,647	176,692
RESTRICTED FUNDS
HHT Assets:
Museum Exhibits		23,825					23,825
Display cases		6,186		(1,674)			4, 512
HHT Funds:
B&NES			2,000	(1,000)			1,000
School visits		400		(200)			200
Ernest Cook		3,530		(2,587)			943
Royal Astronomical	Society	8,974					8,974
William Herschel Society		1,156		(912)			244
NLHF PPIC exhibition			4,220	(4,734)			(514)
AIM Conservation	Audit			(1,287)			(1,287)
Spark grant			6,176	(3,433)			2,743
		44,071	12,396	(15,827)			40,640
TOTAL OF FUNDS		184,076	110,903	(91,294)		13,647	217,332

SUMMARY	OF FUNDS - CURRENT YEAR	OF FUNDS - CURRENT YEAR
	Balance at						Balance at
	1	February			Transfers	Gains/	31 January
		2020	Income	Expenditure	in/out	(Losses)	2021
		E	6	6	6	E	E
Designated	funds	176,692			(5,338)		171,354
Generalfunds			60,565	(50,366)	5,338	(15,537)
		176,692	60,565	(50,366)		(15,537)	171,354
Restricted	funds	40,640	20,002	(19,916)			40,726
		217,332	80,567	(70,282)	-	(15,537)	212,080
SUMMARY	OF FUNDS - PRIOR YEAR
	Balance at 1
		February			Transfers	Gains/	Balance at 31
		2019	Income	Expenditure	in/out	(Losses)	January 2020
		E	E	6	6	E	E
Designated	funds	140,005			36,687		176,692
Generalfunds			98,507	(75,467)	(36,687)	13,647
		140,005	98,507	(75,467)		13,647	176,692
Restricted	funds	44,071	12,396	(15,827)			40,640
		184,076	110,903	(91,294)		13,647	217,332

		Unrestricted	Restricted
		funds	funds	Total funds
		2021	2021	2021
		E	E	E
Tangible	fixed assets	23,903	27,034	50,937
Fixed asset investments		94,846		94,846
Current	assets	56,933	13,692	70,625
Creditors	due within one year	(4,328)		(4,328)
		171,354	40,726	212,080

		Unrestricted	Restricted
		funds	funds	Totalfunds
		2020	2020	2020
		E	E	E
Tangible	fixed assets	27,287	28,708	55,995
Fixed asset investments		110,383		110,383
Current	assets	42,457	11,932	54,389
Creditors	due within one year	(3,435)		(3,435)
		176,692	40,640	217,332