REGISTERED CHARITY NUMBER: 312142
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
The Hertford Museum Charity
The Hertford Museum Charity
Contents of the Financial Statements for the Year Ended 31 March 2021
Report of the Trustees Independent Examiner's Report Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
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The Hertford Museum Charity
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Hertford Museum is a registered charity, registration number 312142. It was formed by a deed of gift on 25 September 1915.The Trust is managed by a Board of Trustees and organised in accordance with its Trust Deed dated 30th January 1990 as amended by the schedule of 13''January 2003.
The running of the Museum is delegated to the Curator, Sara Taylor, who operates within guidelines set down by the Trustees. Powers are also delegated to a Finance and Investment Panel of Trustees to manage the accounting run by the Finance and Administration Manager and investments through financial advisers in accordance with an agreed investment policy.
The financial statements have been prepared in accordance with the Trust Deed and relevant statutory requirements. The net assets of the Museum are available and adequate to fulfil its obligations.
The Museum Property and land are vested in Hertford Town Council, which holds them in Trust for the Charity.
The Trustees are aware of the requirements under SORP 2015 to identify and mitigate risks faced by the organisation and are adopting appropriate policies to reduce exposure to those risks.
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OBJECTIVES AND ACTIVITIES Objectives and aims 1. To preserve, interpret and display the heritage of Hertford and surrounding villages
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0 Maintain the quality of collections and seek to improve storage and conservation arrangements o Present a minimum of four exhibitions per annum
o Seek funding to enhance acquisitions and collections
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Develop relationships with surrounding parishes
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0 Prioritise active collecting of material that reflects increasing diversity and social change within our collecting area.
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To provide a quality service that engages with a full cross-section of the local and wider community
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Deliver a learning programme that responds to the needs of different ages and learning styles
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Engage with under-represented and diverse audiences
o Consult with our stakeholders and make effective use of social media and marketing tools available to us in order to reach across the community o Find new ways to engage volunteer support
o Respond to the changing needs of our community by diversifying how we deliver our services
- To be fully involved in the on-going development of Hertford, its growth as a cultural centre, and of the wider Museum collecting area
o Work with external partners to deliver community events that promote Hertford's cultural life o Seek ways to ensure the Museum benefits from the development of the Town Centre and the Museum's wider collecting area
o Attend local meetings that promote Hertford's cultural life
- To ensure governance is of the highest standard and reflects the interests of all stakeholders
o Identify and recruit trustees according to the future needs of the board
o Establish clear policies and documentation that support effective management o Maintain Arts Council accredited status
5. To work towards greater financial sustainability
o Implement our fundraising strategy and continue to seek out opportunities for income generation
- Demonstrate value for money to all stakeholders
o Manage property and maintenance issues in a planned and pro-active way
Page 1
The Hertford Museum Charity
for the Year Ended 31 March 2021
Report of the Trustees
OBJECTIVES AND ACTIVITIES
Public benefit Hertford Museum aims to collect, preserve and interpret evidence of the history of the county town and surrounding parishes in the District of East Hertfordshire for the interest, enjoyment and understanding of the local community and other visitors. ACHIEVEMENT AND PERFORMANCE
Charitable activities The Coronavirus pandemic created enormous challenges with the museum legally obliged to close and the majority of our small team furloughed for most of the financial year. Despite these significant challenges, the museum remained determined to deliver high quality projects and worked hard to adapt and develop our services to best meet the needs of our community. It was incredibly difficult to close our doors each time restrictions required, but we were greatly buoyed by messages of support and donations from our community, and how people showed their support by returning as soon as we were able to reopen. Highlights of the year included our DANAD: Mavericks of Marden Hill exhibition, funded by the Garfield Weston Foundation and Art Fund, featuring works of art by globally renowned artists such as Sir Peter Blake, Robyn Denny and Bernard Cohen, as well as our popular series of Lockdown Lunchtime online talks. Visitor and staff safety remained our top priority and, during the Spring of 2020, we sourced funding from Herts County Council Locality Budget Grant Scheme and Hertfordshire Association of Museums to purchase and install screens, sanitizing stations, one way route floor stickers, tapes, gloves, masks and deep cleaning equipment to ensure the museum environment was as safe as possible. An information video was created for visitors to inform them of the safety measures in place once the museum re-opened in July and clear signage was introduced around the museum to ensure safety measures were observed.
Trustees are proud to report that the Museum was open every day when government rules allowed. Inevitably, the visitor numbers of 3,932 were significantly reduced from previous years.
Due to the pandemic, we were only able to deliver one in-person workshop to schools during the academic year. With the uncertainty in schools at the start of the pandemic and the closure of schools in December 2020, loans box hire requests were limited to the Autumn Term, between September and November. In total 1317 children engaged with our loans box resources during this period.
The Museum maintained a strong online presence with active social media accounts. Our Twitter page is followed by 3689 people around the world, an increase of 2.5% on last year with the total reach during the year being 179,200. Our Facebook followers increased by 29% during the year but tend to be more locally based. The total Facebook reach was 56,807.
During Lockdown, we participated in a social media campaign in partnership with Herts Association of Museums, whereby a small group of museum staff who had not been furloughed posted daily posts on weekly themes. This was very successful. The project ran from 30th March to 12th June and, overall, our posts reached 100,433 people.
During the Museum's third closure, the Curator developed and delivered Lockdown Lunchtime, a series of six free weekly online illustrated talks, attended via ZOOM by between 75 and the maximum 100 people, each focused on a different aspect of Hertford's History. Videos of the talks were subsequently posted weekly on YouTube, increasing our number of YouTube subscribers by 182% and attracting 807 hours of viewing time. We have received wonderful feedback from both current Hertford residents as well as people with roots in the town who have since made their home as far afield as Australia and the United States.
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The Hertford Museum Charity
,
Report of the Trustees for the Year Ended 31 March 2021
FINANCIAL REVIEW
Financial position
The year has been a challenging one for the museum due to the COVID 19 Pandemic. A silver lining to this was that the museum was able to claim funding to support furloughing staff which had not been budgeted for. The museum also was able to save on some costs due to it being closed leaving the Trust with a small operational surplus. The Trustees decided to invest this amount, effectively replacing the amount that was drawn out of the Trust's investments to cover the vital repairs to the environmental control system.
With the availability of additional one off grants that the museum applied for, since the year end the trustees have been able to fill the vacancy of Assistant Curator, that was vacant for over a year, sooner than expected. This will help ensure the museum can return to its previous range of work and operates at full capacity.
The museum faces large cost increases in coming years due to inflationary pressures e.g. raising of the National Minimum Wage, higher energy bills etc. Trustees anticipate that it is very likely the museum will have to draw down on its investments more regularly in future years to ensure continued financial sustainability.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees Two trustees are nominated by Hertford Town Council and one trustee is nominated by each of East Herts District Council and Hertfordshire County Council. Other trustees are co-opted.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
312142
Principal address
18 Bull Plain
HERTFORD SG14 1DT
Trustees
C Seward (Chair) Miss C Geall (Vice Chair) S Hackshall
Dr P Crane
Cllr S Bell
G Sexton Ms C St Quentin Gittings
P Wisbey MsJ Perry (appointed 16.7.20) Ms J Sartin Ms M Elder C Pease D Chichester-Miles
T Croft (resigned 31.7.20)
Page 3
The Hertford Museum Charity
Report of the Trustees
for the Year Ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Adam Burt ACA FCCA ICAEW and ACCA HSA & Co Chartered Accountants Lewis House Great Chesterford Court Great Chesterford Essex CB10 1PF Approved by order ofthe board oftrustees on AT Sasuay 2022. and signed on its behalf by:
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C Sewardigh
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.
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Independent Examiner's Report to the Trustees of The Hertford Museum Charity
Independent examiner's report to the trustees of The Hertford Museum Charity
I report to the charity trustees on my examination of the accounts of The Hertford Museum Charity (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2 the accounts do not accord with those records; or
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3s the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Adam Burt ACA FCCA ICAEW and ACCA HSA & Co
Chartered Accountants Lewis House
Great Chesterford Court Great Chesterford
Essex
CB10 1PF
Date: alaleerr
Page 5
The Hertford Museum Charity
Statement of Financial Activities for the Year Ended 31 March 2021
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|---|---|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND ENDOWMENTS|FROM|
|Donations|and|legacies|181,227|16,324|197,551|168,550|
|Charitable|activities|
|General|10,877|400|11,277|26,626|
|Investment|income|3|14,719|-|14,719|16,548|
|Total|206,823|16,724|223,547|211,724|
|EXPENDITURE|ON|
|Raising|funds|4|3,892|-|3,892|3,808|
|Charitable|activities|
|General|200,351|4,807|205,158|219,018|
|Total|204,243|4,807|209,050|222,826|
|Net|gains/(losses)|on|investments|65,161|-|65,161|(68,051)|
|NET INCOMEK(EXPENDITURE)|67,741|11,917|79,658|(79,153)|
|Transfers|between|funds|12|8,320|(8,320)|-|-|
|Net|movement|in|funds|76,061|3,597|79,658|(79,153)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|1,532,531|9,902|1,542,433|1,621,586|
|TOTAL FUNDS|CARRIED FORWARD|1,608,592|13,499|1,622,091|1,542,433|
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The notes form part of these financial statements
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The Hertford Museum Charity
Balance Sheet
31 March 2021
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|---|---|---|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|&|£|£|£|
|FIXED ASSETS|
|Tangible|assets|7|1,152,313|-|1,152,313|1,163,916|
|Investments|8|391,331|-|391,331|326,170|
|1,543,644|-|1,543,644|1,490,086|
|CURRENT ASSETS|
|Debtors|9|250|-|250|50|
|Cash|at bank|and|in hand|91,191|13,499|104,690|76,251|
|91,441|13,499|104,940|76,301|
|CREDITORS|
|Amounts|falling due|within one|year|10|(26,493)|-|(26,493)|(23,954)|
|NET CURRENT ASSETS|64,948|13,499|78,447|52,347|
|TOTAL|ASSETS|LESS CURRENT|
|LIABILITIES|1,608,592|13,499|1,622,091|1,542,433|
|NET ASSETS|1,608,592|13,499|1,622,091|1,542,433|
|FUNDS|12|
|Unrestricted|funds|1,608,592|1,532,531|
|Restricted|funds|13,499|9,902|
|TOTAL FUNDS|1,622,091|1,542,433|
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The financial statements were approved by the Board of Trustees and authorised for issue on fF Sanvary AOU and were signed on its behalf by: C[Seward] ([[-][Truffee] Lb
The notes form part of these financial statements
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The Hertford Museum Charity
Notes to the Financial Statements for the Year Ended 31 March 2021
- PRESENTATION CURRENCY
The presentation currency of the financial statements is the Pound Sterling (£).
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charities forecasts and projections and have taken account of pressures on income, particularly in the light of the impact of the COVID-19 pandemic which has resulted in the closure of the museum. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
On this basis the Trustees have concluded that the charity is a going concern. The financial statements do not include any adjustments that would result from the charity not being able to meet its liabilities as they fall due.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, legacies and other forms of unrestricted income are recognised as incoming resources when receivable, such as exhibits and collections donated to the trust. Grants are accounted for in full on a receivable basis. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and fittings - 20% on cost
No depreciation has been provided on freehold property as the charity's policy is to maintain its property to a high standard through a continual programme of refurbishment and maintenance. In the opinion of the trustees the residual value of the property is such that any depreciation charge would be immaterial.
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. ACCOUNTING POLICIES- continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
- 3: INVESTMENT INCOME
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||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Investment|Income|14,680|16,402|
|Deposit|account|interest|39|146|
|%|14,719|16,548|
|4,|RAISING|FUNDS|
|Investment|management|costs|
|2021|2020|
|£|£|
|Investment management|fees|3,892|3,808|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
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|---|---|---|---|---|---|---|
|6.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME|AND ENDOWMENTS|FROM|
|Donations|and|legacies|151,028|17,522|168,550|
|Charitable|activities|
|General|26,626|-|26,626|
|Investment|income|16,548|-|16,548|
|Total|194,202|17,522|211,724|
|EXPENDITURE|ON|
|Raising|funds|3,808|-|3,808|
|Charitable|activities|
|General|201,249|17,769|219,018|
|Total|205,057|17,769|222,826|
|Net|gains/(losses)|on|investments|(68,051)|-|(68,051)|
|NET INCOMEAEXPENDITURE)|(78,906)|(247)|(79,153)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|1,611,437|10,149|1,621,586|
|TOTAL FUNDS CARRIED FORWARD|1,532,531|9,902|1,542,433|
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2020 | 1,144,411 | 56,361 | 1,200,772 | |
| Additions | - | 9,878 | 9,878 | |
| Impairments | - | (56,361) | (56,361) | |
| At 31 March 2021 | 1,144,411 | 9,878 | 1,154,289 | |
| DEPRECIATION | ||||
| At 1 April 2020 | - | 36,856 | 36,856 | |
| Charge foryear | - | 1,976 | 1,976 | |
| Charge writtenback | - | (36,856) | (36,856) | |
| At 31 March 2021 | - | 1,976 | 1,976 | |
| NETBOOKVALUE | ||||
| At 31 March 2021 | 1,144,411 | 7,902 | 1,152,313 | |
| At 31 March2020 | 1,144,411 | 19,505 | 1,163,916 | |
| 8. | FIXEDASSET INVESTMENTS | |||
| Listed | ||||
| investments | ||||
| £ | ||||
| MARKETVALUE | ||||
| At 1 April 2020 | 326,170 | |||
| Additions Disposals |
28,933 (18,374) |
|||
| Revaluations | 54,602 | |||
| At 31 March 2021 | 391,331 | |||
| NETBOOKVALUE | ||||
| At 31 March 2021 | 391,331 | |||
| At31March2020 | 326,170 |
There were no investment assets outside the UK.
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The Hertford Museum Charity
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
8. FIXED ASSET INVESTMENTS- continued
Cost or valuation at 31 March 2021 is represented by:
| Listed | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Valuation in2017 | 80,877 | ||
| Valuation in2018 | (14,479) | ||
| Valuation in2019 | 4,645 | ||
| Valuation in 2020 | (68,051) | ||
| Valuation in 2021 | 54,602 | ||
| Cost | 333,737 | ||
| 391,331 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade debtors | 250 | 50 | |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 6,740 | 6,832 | |
| Taxation and social security | 1,415 | 541 | |
| Other creditors | 18,338 | 16,581 | |
| 26,493 | 23,954 | ||
| Other creditors include accruals of£18,296 (2020 - £16,581) and other creditors of£42 (2020 - £nil). | |||
| 11. | LEASINGAGREEMENTS | ||
| Minimum lease payments undernon-cancellable operating leases fall due as follows: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Within one year | 11,355 | 11,355 | |
| Between one and five years | 19,871 | 31,226 | |
| 31,226 | 42,581 |
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 12. | MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/4/20 | infunds | funds | 31/3/21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 1,532,531 | 67,741 | 8,320 | 1,608,592 | |
| Restricted funds | |||||
| Conservation and Education Funds | 9,902 | - | (9,902) | - | |
| Ann KirbyFund | - | (360) | 1,695 | 1,335 | |
| Community Toilet Scheme Income | - | - | 424 | 424 | |
| EarlyYears Programme | - | - | 252 | 252 | |
| FoHM- proceeds oftheLutyens Lecture | |||||
| - | (144) | 1,051 | 907 | ||
| Free family activity places | - | 60 | 167 | 227 | |
| Museums Take OverDay | - | - | 811 | 811 | |
| Picture This! Fund | - | - | 247 | 247 | |
| Reminiscence Project | - | - | 901 | 901 | |
| Restricted conservation fund | - | 46 | 775 | 821 | |
| Roller rack project | - | 9,487 | (5,278) | 4,209 | |
| The OrreyFund | - | - | 537 | 537 | |
| Freelance Education Officer grant | |||||
| - | 1,000 | - | 1,000 | ||
| Online ShopHCC Grant | - | 450 | - | 450 | |
| Signage Income | - | 400 | - | 400 | |
| WesternLoan Programme | - | 978 | - | 978 | |
| 9,902 | 11,917 | (8,320) | 13,499 | ||
| . | |||||
| TOTALFUNDS | 1,542,433 | 79,658 | - | 1,622,091 |
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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|||||||||
|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|206,823|(204,243)|65,161|67,741|
|Restricted|funds|
|Ann|Kirby Fund|-|(360)|-|(360)|
|FoHM-|proceeds of|the Lutyens|Lecture|
|-|(144)|-|(144)|
|Free|family|activity|places|60|-|-|60|
|Restricted|conservation|fund|46|-|-|46|
|Roller rack|project|9,508|(21)|-|9,487|
|Freelance|Education|Officer grant|
|.|1,000|-|-|1,000|
|Online|Shop HCC|Grant|450|-|-|450|
|Signage|Income|400|-|-|400|
|Western Loan|Programme|5,260|(4,282)|-|978|
|16,724|(4,807)|-|11,917|
|TOTAL FUNDS|223,547|(209,050)|65,161|79,658|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1/4/19|in|funds|31/3/20|
|£|z|£|
|Unrestricted|funds|
|General fund|1,611,437|(78,906)|1,532,531|
|Restricted|funds|
|Conservation|and|Education Funds|10,149|(247)|9,902|
|TOTAL FUNDS|1,621,586|(79,153)|1,542,433|
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The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|194,202|(205,057)|(68,051)|(78,906)|
|Restricted|funds|
|Conservation|and Education Funds|17,522|(17,769)|-|(247)|
|TOTAL FUNDS FUNDS|211,724|(222,826)|(68,051)|(79,153)|
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TOTAL FUNDS FUNDS
Ann Kirby Fund
Donations made in memory of Ann Kirby for improvements to and maintenance of the Andrews Room. This has included the new projector and cupboards but will also help us replace activity toys etc as and when required.
Community Toilet Scheme Income
Funding from EHDC which means anyone is welcome to come in and use our toilet facilities. We use this fund for maintenance to the toilets and plumbing eg drain rodding. We can apply each year - we first engineered this in December 2019 - it was a scheme just for Ware and started in 2012 and we asked EHDC if we could join as people were using our facilities after the bus station toilets closed. We will reapply for another £1,000 this December. Drain rodding aside, it does give us an opportunity to build up a little pot to help if we require any major plumbing maintenance.
Early Years Programme
Funding specifically for activities for under 5s. We have used some to market toddler Tuesdays.
FoHM- proceeds of the Lutyens Lecture
Specifically for the support of museum events. This fund helps us to take some risks in our event provision and cover unbudgeted costs like replacing our PA speakers.
Free family activity places
Donations made to fund free family activity places for families on low incomes. Take up was low as people don't always feel comfortable presenting a benefits award letter so we began working in partnership with Hertford Food Bank. We give them vouchers to distribute and take the cost of the activity place off this fund when one is presented at the till.
Freelance Education Officer grant
HCC locality budget grant towards the cost of a freelancer reviewing our learning provision in light of Covid. The total cost will be £1,050.
Museums Take Over Day
Funding awarded some time ago for annual takeover day. We work with secondary school students who take over some aspect of the museum. This has included guided tours, delivering workshops to schools and reminiscence sessions with older people. We have used some of the money towards a new leaflet, informed by the marketing feedback from the students.
Online Shop HCC Grant
Post pandemic, a grant from Hertford County Council to develop an online shop on our website.
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continued...
The Hertford Museum Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
- MOVEMENT IN FUNDS- continued
Picture This! Fund
Income and expenditure relating to the the development on an online resource of the Museum's image catalogue.
Reminiscence Project
Funding from EHDC and Herts Association of Museums to deliver pay what you can reminiscence workshops to groups for whom our £95 fee would be a barrier. The difference between what the group can afford and £95 comes out of this pot if we book a workshop as income.
Restricted conservation fund
Money generated from the sale of donated books, to be specifically used for conserving the collection.
Roller rack project
Funds to cover the cost of installing roller racking in our archaeology stores.
Signage Income
Income specifically to repair the Museum's sign hanging over the front door.
The Orrey Fund
Funds generated to conserve a mechanical celestial globe and orrery made by Jeremiah Cleeve of Welwyn in around 1810. It was given to us by the Science Museum in 1933.
Western Loan Programme
Towards specific aspects of the Danad exhibition project, including transport, learning workshops - again we pay ourselves from this pot for these - installation costs etc.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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The Hertford Museum Charity
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME ANDENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 23,228 | 18,916 |
| Grants | 174,323 | 149,634 |
| 197,551 | 168,550 | |
| Investment income | ||
| Investment Income | 14,680 | 16,402 |
| Deposit account interest | 39 | 146 |
| 14,719 | 16,548 | |
| Charitable activities | ||
| Museum sales | 1,414 | 11,583 |
| Shop sales | 8,491 | 10,085 |
| School work | 210 | 3,650 |
| Super 100 Club | 1,162 | 1,308 |
| 11,277 | 26,626 | |
| Total incoming resources | 223,547 | 211,724 |
| EXPENDITURE | ||
| Investmentmanagement costs | ||
| Investmentmanagement fees | 3,892 | 3,808 |
| Charitable activities | ||
| Shop costs | 1,563 | 3,626 |
| Museum costs | 6,094 | 5,707 |
| School costs | - | 541 |
| Book publishing | - | 2,336 |
| Super 100 club | 141 | 190 |
| Travelling Wages |
26 87,416 |
354 113,092 |
| Social security | 663 | 3,672 |
| Pensions | 6,325 | 5,000 |
| Fixtures and fittings | 1,976 | 2,167 |
| Impairment losses fortangible fixed assets | 19,505 | - |
| 123,709 | 136,685 | |
| Support costs | ||
| Other | ||
| Rental costs | 11,576 | 11,355 |
| Carriedforward | 11,576 | 11,355 |
This page does not form part of the statutory financial statements
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The Hertford Museum Charity
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Brought forward | 11,576 | 11,355 |
| Rates and water | 13,776 | 13,866 |
| Insurance | 3,046 | 2,676 |
| Telephone | 3,107 | 3,163 |
| Marketing | 496 | 200 |
| Repairs | 39,626 | 37,044 |
| Photocopier | 3,973 | 4,159 |
| Office costs | 755 | 396 |
| Postage | 100 | 109 |
| Bank charges | 722 | 634 |
| Subscriptions | 794 | 1,448 |
| Training | 105 | - |
| Computer costs | 483 | 652 |
| Cleaning | 163 | 4,891 |
| 78,722 | 80,593 | |
| Governance costs | ||
| Auditors' remuneration for non auditwork | 2,727 | 1,740 |
| Total resources expended | 209,050 | 222,826 |
| Net income/(expenditure) before gains and | ||
| losses | 14,497 | (11,102) |
| Realised recognised gains and losses | ||
| Gains/(losses) on sale offixed asset investments | 10,559 | - |
| Gains/(losses) on revaluation offixed asset | ||
| investments | 54,602 | (68,051) |
| Netincome/(expenditure) | 79,658 | (79,153) |
This page does not form part of the statutory financial statements
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