2020-12-31-accounts

REPORT OFThE TrusfÉES AND UNAUI)ITED FIIIAIKIAL STATEMENTS FCAiTHE YEAR ENDED JIDE(EMBEA2020 GORDON RUSSELL TrUST Milcwl C822SLD

GORDON RUSSELtTRUST CONTENTS OF THE FINANCIAL STATEMEPIIS FOR ThE YEAR ENDED 31 DECEMBER ZO20 Rep0rtoftheTn￿ttes Ind2pendent Ex•mknrfs Rewi 8al8rKeSl*rt Note5 to the FIn•￿kn1 stsieiiwrts 7-11

GORDON RUSSELL TRUST REPORT OF THETRU5TEES FOR THEYEAR ENDED 31 OECIMBER 2010 ThetW5tees wesenttheir rewrtwiththetkn1stataix￿o￿thèdWi￿fortkneYeQrertded 31 te￿berI019. REFERENCE AND ADMINlmTI¥E DEfANS Rewstsred (tharityNLThber 326446 incyladdres5 IS AL￿￿5q￿e H￿SIreet WR127AP Trustees Jonathao Rwel lthèlrmathl Ahtlw GleavelTie•surerl ekn Br￿M GaLYllp F¥lkk)er Sean Feentrrf (Edwtwl Chrittopher peier HottenlM•tsl Patrohs Jame5 Rthl•t The Rt Non PhlOpSrnlth FounderTrustees¥pwhrted O¢tober 1983 Mrs K Ba￿5 MrT(hinn KtrRHie4h ExJmlnltyuountsnts Nl•Jlès aiffe & Co Urnited Mill Holbse PAIICourt CB12 SLO The Gortknn Rvssell Trust ￿se$labllshed urthr a Trustdeed dated 17thOctober 19S3 afvj gjpplemented Trust Deed dated luly 1984. TheTrust IS￿ edwtioml charity a ttjlalty The Trust operate5 kn •ttordance wbth the OeclaTrtkn ofTiu5tknpt•J kn 1983. The Chwtty b mam8ed ty i 1x•*Ofin￿tee& to thom the Exeorthe Committee

GORDON RUSSELL TRUST REPORT OF THE TRUSTEES 1¢onthw￿I FOR THEYEAR ENDED 31 OECEM8ER Z020 ACMIEVEMENISAND PEAFORMAIKE 2020 has W one ofthe most caWging and tLmulbJttus yearn lor al of u5 in¢fvpJualty aThJ for us 8 wfiall dependprtt Musetjrn duo to the cow￿19 pandemt that strrt￿ 8m8rye in Marth 2020. M￿•￿ar govemThnt mandat85 rneantfor¢J closures 8nd Èhut WT on 17th Mar( 2020. Ca6e& ol C0VIC￿1g b￿n to eypYrts1￿. Daty govemmenl briefiNJs. fort4d Ic&d￿n5. both nats.onal and Intsmalional tra￿1 rwdlrKUorts and even lor a period bging th168d f￿1 kn knave ytsyr hom& werF put In place. Tne pr•v¢us ye8rl201g17￿ty of wr re￿nue ¢wn8 footfall. was Splrt rowhty 50150 atsmsion5 shop s￿nd. Ck)6ur• woukl put 8n yn8USt4iTrat40 strain on ￿Jr financjal pts￿on. A Ihe tim8 in 19te March, wo were hawng to re¥￿ emeryeney measures tr) secJJr8 tho Museum's [thu￿. Fortunaiety, ￿ the 9¢)vornmtrnt ra8pondJ quKkly with fiwl par8g&s aTrJ lurfough schemej. ao 4bJ prN•ts arkl h•rrtage ctorwith 9￿ftts. Our Trust•e6. Slaff. Vo￿n￿oiS. Fneftds 4r¥J SuFPOrter5 all res￿10d mythcenty, 8TrJ I wouki Ilko to femw Ih8nk •gch and ewjry one olyou for ywr $wort and C(￿l￿.￿jtr"0n It thw mo&tdifficul tkne. Imth a fLdl y•¥r'J schedulo tB• orwj fB a5 onlim tal(8- whkh h ub8•queniiy prowd popuior. Tho Z¢tsm ta8 irt Nowt•r 203) wrth frjmiture d•S￿ner Luke HLtyJhes, have contnued IhroLNl¥yJt 2021, lh￿ has noi onty deh¥¢r•Y tssc4Mikng 8rn1 inte￿$b"r0 contsnt pivoted on 20th ceft￿ry èrts and crafts but has ￿￿rJed ts audn(x nalwawy wd thtrjnaty)￿lfy ￿m9 taM¢$ hgvlnq jlJ8t ¥hy of ￿￿.¢￿ants. l •wnmarf•o ￿n0 of hlghl3hts1gnd h Wts} throL¥￿t fvy•ar # frJkn.' 17th March 2020. FoknNJ tsMnwnent mandat•. Wg tjcwj tyJrdoorn. M4r¢tQApdl. Tru•t••$ di￿￿ •m•rgeney moa8ws# to the fjjlure olthe m￿eum aTrJ Jiartlo m•otvthkty en Zoom c•ll&. L8t• Apnl. Go¥8mm￿t aS)noUn￿ knl •r•J Futhgh. fund raiiiro p4• 6efvp. Thls WOU￿ •wnbJalty ¢)ver £5,C#)O. Aprtl. The gowmm¢ntgr¥ntWaB Wy qutk kn rByxKI. aThl wo firnt trarthe ofmorw, IncludlTrJ furtOU9h morrty. Jun¢. H•ritsge Lottery m•Jo. Juty H•nge Lolt•ry grnnt wdl The iF4ed ofthii wa8 A lrfe tswer fty our cash fltrw. Juno. Thé 8readway TnJsL to thdrakns the lo￿1 crynmunty. w8rded u• 8 grnnl which are incredibty tha[1￿ IOT. July Folkn¥lng Th comple￿.£￿ ofth• COVID¥1• •0••￿￿1 Ihè Ttrop•rKd r•Btrict•d Visitor numbers and safety ffasures m pe m line 9cAfTM￿t guvjarth. 2￿ Au9usL 3 days ￿rwe8￿ orty with advance boDking onty onkna th1￿ ArtFuTrJl. Slh November. clo￿ a9ain- seccrtd wav• ofCOMLk19. Nowmber. Lounch shop. N0￿M￿r. firnt onliw FrwKls lak. NO¥ern￿r We werg ab to conthnug our education wtyrarnm•. Stu￿1$ IT￿ Rycot•Yor•a Fumiture Contre fty th￿¥ annual wslt. 8TrJ •At8rting the desbjn prrie In Novernber. $pon60red ty Imagination. s 2020 cs)ndtsdgJ the COVID vacune w88 stathg to ron OUL finbhgj the Yearfin?￿o1ty neutr81 to t ck6ures haviig sutcessfvlty repL8c4d fooifall IKcffle th grants. futhwgh, 8TrJ donthns. Due to the ¢105ure onty 15% of our income was Ir￿ footw. OonaU0￿ and rKTW mBd• 72% lup frtyn 28% in 20191. I wouka like to personalty Ihank exh ebBry Tnjstee. tha Staff. FrièTrts arKI SupportWS-yl)UT efforts donations hw4e during lkn ttuubknd knes.

ar8 currenty open 6 tws Ferwk wth n￿b￿S dimbing s1•&lfy. Olsr fubjo 1$ $tql brvJM. Kind rward5 Jonathan RU￿91 Chairrnan ol the Trustees After appropriate tNsteE5 a reastsvL4eexwt3tknittr4tthedwity ha5 Jd¢qu8te rvg)wcesto In operatknal uistence loregétable FortN5 thty ¢￿tin￿lo•dopttht0ohKt￿￿rn basls preparin8 the staemerrt

GORDON RU55EiL TRU REPORTOF ThE TRUSIEES IconL) FOR THEYEAR ENDED 31 DECEMBER 2020 The trustees are resp)ns￿e Retort of the Tr￿ and the ffinartial statvDÈnts in acCorthn￿ wrth apklicable tswafid Urted ¥JwMkty￿1r￿s18Tr￿rd$1un1d f￿81￿￿£tptedIUQu￿1Iry8 placi1￿>. YhelawapplKabletotharf(s In E￿¥￿andWa￿s.t￿charIDesAc12OIl, ClkrhylAccwntsand Re[￿rts> Ae8ulaUon$2LbJ8 and the prows1onofthetwu￿ tleed retythe t￿trUsteeS1O riepare finaKlal SEatemeN5 for each financid yeaTwhKh 8Ne• trueand lair¥w olthe stste of affalrs chwiiy and Df the irf0mM￿ rewuttes and applkKinof reswrce5. indudine theln¢ome4nd olthech¥iiylortht pethod. Inwep3r4¥thtyseflnancW5ts1Em¢ni¥ ihetru#ee5arete4ulred to.. obser¥e the metknjswd ￿ncIpS kn theChwtySORP. makeludBements and e5twn•testh•t ire re•sonlt¥fvJ wtht. preparethefin•rthlsiat•nty￿ ¢xi t￿6•￿11£0r￿Db1￿￿A1eSstt i51n•Fwowwteloprsumetht the chbrfty wlllcontinue kn buyn The trustees are resp)rslt4e lor keep"n8 k¥opera(forn r￿ords￿lI¢hdlsdOsew1th rea50n8bSe attUfXV at anytlmethe flnoncl41 positron of the and to e•able them to e11511r that lknartial ststem•tts CoM￿Y wlth the Clu¥lts Aa 2011, the Chartty Ih£row)ts and Aeportsl Re8uions 2tTh aTrJ prtrd51onsof the iruH deed. Thry •re 81$0 iesKX)nsib for safeguarding the assS of the ar￿ he￿e fw reasryth steps tor the prevenum ddeaity) of ftatyJ and other Irre8u￿￿￿1e Appro￿ ￿ thebwdoliruMee5M. b¢h811trr. Jlij

GORI)ON RU5SÉ1L TRusr INDEPENOÉNT EXAMINERS REPORTTOThETRUSIEts FOR ThE YEAR ENDED 31 DECEMBER 21ml I￿￿0￿the fov thE￿￿rt31 Decem￿20205￿￿￿ron p￿510 IL The C￿liEV5truSteesaIe iosFthsthle for the olthe￿(Ovffl& Tr(hawstr￿esc￿￿Swjer ih7t an audit 15not rÈqulrÈd for thlsyeèr lundw 5ertM)ti 144121 of the (hth Aci 1011 lthe 2011 Aci11 •Otht ath thdwndent examiN8tlon is reouiied. It L% my responslbllhyto.. exam[￿thÉ atcourt5 under Settlm 145 of 2011Aci: to follw the pr￿ethre$ Gefyv31 LXre£dcffjs thè Cthartty commts￿on luthder Secibn 14515llbl olthe 2011 Act). and toswe wheihÈr p3rtkulr mauery h￿£￿10 my ait•rtb>L •#tso1th• Ind•pl￿ni•M￿N￿ne%rnpllrt My examln•iK)n wastaN6ed lnxc0rdèncewlththe6￿trnI Crfiectlotysth￿ ￿the ChathCofflm15slon. An exarn1nat￿n Indude5 a r￿eW of the accounthw recwth kept ty the th¥llV • comwdsm of weserted with ihose records. r( dso indudesconsideraiion of any ittW150r di5rl)swesiithe ￿(o￿ts¥r￿$eek1nStXplIn•llonsfrOfft you as ¢rustee5 COr￿rnIn8 5Uth matter> The wc<edLYes wderuken do not pr￿[de 1 the tha1w0￿ bo rèjulred In an èudit. and consequential￿1 no op￿Th a5 iowhether ihe and tslr vle%< •TrJ the report Is Ilmtted lOth05e maueis sd intht statem￿t￿lOW. Ind•pend•ntMmlv•rf55l•t•rnw In connertion wfth myeNamknJtlon. nom•ty¢v hbsctyneto1iw•ttentK￿.' 111 whl¢hONYs me re05w•WÈcawtobek•ilwL ￿ary rr4t•thba¥>K tr w￿remIts tokw•r07UrtIN remrd$lnwx(￿dX•wth SK¢bx l>)olthE Att ￿L. Ind to p¥epar #counts whkh with ar¢tymt¥ •J to ¢ryTh￿y th the ¢oundn8 requirementsof the 2011 ACL 121 to whkh. In my OF4n10r￿ wthrto erts•L * woper oftheKrourts i? be re¥hed. Andrew N￿[4•$ clliiè 14khoksCNffe& (o. Umfted Mill House Mlll Court Great Sl*Wryd CambrbJ8e CB22 5LD

GORDON RIJSSUL TRUST srATEMEMt OF FINANaALAcnvmES FOftThE YEAR ENDED 31 DECEMBEA 202 INCOMIIIG RESOUIICES Donal￿ns.1£8aUesand thaitablElpAie5 In%%5vnents 78.697 Toi•l RE￿A(£s EXPENDED C05t50f ￿ne1a1￿￿efunds Co$ of thèrftabk artIv￿e$ Other re50urees expended 37.565 25,605 67,876 14•tld•firttlftrth• 1790 114,7841 N•t Infvnthftrth•￿T 114.7MI 712 xesfm p•se$710 lllorrn F•rtofthese st•t¢mertS

GORDON RUSSELiTRUST BALANCE 5HEEr FOR THE YEAR ENDED 31 DECEMBER 2020 2019WI HXEDASSETS assets W71 305.857

)i571 305A57 CURREpifASSEfS 1.313 42.126 25.038 68,477 St¢xks C45h bank Ind In hand $4858 CUIiREiif uAB￿lEs 4A12 712 369.922 unr•51r1￿ lun￿. G•rwt•l fvnds n2 369.922 369.92Z n2 The hn•ndbl ￿￿ements￿ere •pwo¥ed tyythotrustees011 ind i¢d behBWty.' }L4 Th? rK¢e50n p•y$7to 11 IL¥m wto1t￿fiN•n¢1II statemerts

GORDON RUSSELL TRUSr NOTESTO THE FINANCIALSTATEIAÉIITS FOR THEYUR ENDED 31 DECEMgER 2020 The accothtslffinanthl qatem•￿} bEen ￿￿[ed ur￿l￿hl51tyulto$I u>nbitonwith iecogni5Ed at CO￿ ortlansadion walL unle5501heThbise strted Int￿￿￿￿1 DotÈ(sl to these accounts. Thefinandal st￿eMen1S t been pre￿￿e4 kn aCCorda￿e ¥JiththtStatefftem of Retrmmended Practre.. I￿oU￿tbns and Rewrtln8ty Chartties preparing Iheir3C￿Urt$ ￿ ￿(Or￿arKewllh the finarfial Report1￿ 5tandafd appIts￿e in the VK8nd ReputrAi¢of Ifehnd IFRS 1021 issued on 16Juty 1014 and the finanU￿ RryrtllkgStandarOwWkat4e In ihe Ltnrted KI￿d0Th and Re￿bI￿ ol Irel4nd IFRS J021 andthechwtt￿Act 2011. ThecharKy¢on5titute5a berfft th¥sdeW tyFRS 101 All Incomln8 rosowtes are Incbjded in the Statement ol A(￿ wknthedwrltylslelalty ehytltd tothe Income and the4mtyJrf(w be oU￿tIfied¥11th reasonle iccurary. Expenditure is accounted foron an attYuaLgbay5afid has bn d•wfd Under head•￿$th￿￿Oreg￿9ll c05t relat¢d to Ihe caLesory. Where c•siSt¥n￿l bedlreLtr•ttrftrArted to p•rtlpJlJrh•dhythe4 ha% allocted io xthAtieg a boy5tonsistentwSth the use of fesow The ¢h•riry15 exemrnfrom tax onitschDrlth•thk Tr•deand ffjh•rdebiors ar rtwW•tthtnEt lettMent￿1ue. Prewyrwts¥ev•lwd •1 the net prewld amowi. CredItorsa￿ provW0￿ are ￿tsIdhen the cl4ffty h￿• westr¢obWk>nTesuMlr4from • wt e￿nI that wl ob8bly resuh In the trènsfer oflyrKls io a thiid p•rty a￿1 th•amourfduetO Settle theobl4allon w be measmdor estimated rellabty. CredRLYsand pro¥ith)ftsae I￿le((SnI￿ atthelr net settknnent vèlue. Fur1 •tLovntlry Unrestricted fwd5uth bè used In thechowit•t4e objecirf •t thscretkni of ¢PbetTUStee5. R•51￿￿￿1 fun¢tsun onty be used lor wttularrestrfcw wrposesilfuDl￿Qb*tt5Ofthethar￿. I INCOMING REXMJRCES T•t•l Totsl 19 Oon7tlons 65.256 46,871 2,345 3062 548 C(rynte sponsor5Npl wroTh3g2 Frlends. dolla1￿n5 •nd membeTsI4p Gfft •ld 3.615 1,282 78,697 l kncomlnE wuwr¢es 31 Decenthr2010aTh131 1019 i¥erÈiinresirttul.

GORDON RiISSEUTRUST NOTESTOTHE FINANQALSTATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2020 114COME FROM IIIVESfMEINS Total 20 20 Interest retei4ed RESOURCES ÈMPEIIDED Tot•1 Total 2019 A¢fvertl%n8¥rf15alÈs Conservatlon Museum award5, 8rants￿d￿pn#knS Openin8 Mock for iesa Purthases for resa Boo printlth8f05ts (knskn8Stock for reyl• 530 42,126 7,472 44,045 16,457 118M531 141126 Independenl xamwsfeÈw￿XroUNi• 1175 419 37J65 1.911 934 Totsl Totsl 2019 Efflployee costs 35.127 38.616 Premlsesc051S Oewec*lioft. Impalrnient. yofftlkntsondtsfvwl offved451¢ts Gener31 adm5n15tral￿￿Co51S al and profe$5bnalrosrs 5.751 3.286 5.928 9.151 14,665 1,3 5. $r￿F cosrs Totsi Total 1019 33.314 35.352 621 643 peTr￿0n o)srs Traini 3&616

GORDON RUSSfLL TRUST NOTESTOTHE FINANOALSTAIEM£I4TS Icort.) FOR THEYEAR ENDED 31 DECEM8ER 2020 TAPIGI#iE HXEDASSErs L•*l•nd Totyl At I lanuary 2020 Athlltions Al 31 D￿rn￿r 2020 221170 301571 18A35 772257 229￿1 222,170 302.571 18.435 772.257 Implrme Al l Janu3ry2020 Oewecwtion th8r8e fry thÈ 229ml 2U170 15,149 3.286 At31 xi20 A35 169.686 At 31 Derember 2020 X)2571 At31 December2019 302A71 2ffl• 853 41116 4A12

GORIXY4 RUSSELL7RUST I)Er￿LE0 STATEMENTOF FINANCIAL ACTIWT FOR THE YfAR ENDEO 31 DECEMBER 2020 TotslfvrMJs 2019 Donaiions. admlsskn4 shopsa5 Giants rttdved Corp)rate wn50thiplp3tsona8È Fr1er)d5do￿tk)ns￿ membershy 36.821 46.871 1345 8y4 3,615 1.282 9).447 78.697 Investwts Total In¢ry 47 Ewidknr• Cosrsof Ienerntl￿d0n•lb>ro Charlt3ble atUY¢l￿5 A(fvert15inBaThl salts ConseThatlo• Museum 8wards, 4Atts•nd dM•iky Openln¢stoc lor le￿Ie Pufthèses for re4le Bot printrTrx£os Closln8StcKkfov iesa 42.126 7.472 16,457 118.8531 142,1261 349n Go¥em•nce co￿$ Independent ex•￿1￿$ Iet•ndaccr￿rt•1KY 2,175 419 1,911 934

GORD(X4 RUSSELLfRUST DETAILEosfATEMENf OF ANA14£￿ Acn¥irEs lu#l FOA THE YEAR EP40ÉD 31 DECEMBER ZIIZO Totslfw 2019 SèLHrfes andwa8es Pen51un c05t5 Trdinin8 33.314 35352 621 643 X)5 35.127 36.616 Motor and costs Premlsescosts Admlni5trNecost% irt1￿j￿1 Le881 and Profess￿?1 costs 5,751 9314 9.151 L3 Totalexperrflrtyve of otP*rca 50.092 67m6 Toth1exW￿￿￿re 57 Net 8•1fison Inveskneffls Nd exFendbiure 114,7841 Net expendltwe befweotlwqa5￿Ik￿$j Other 831n5 790