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2020-12-31-accounts

Report ofthe Trustees
Independent
Examiner's		 Report
Statement ofFinancial Activities incorporating
Income and Expenditare Account
Balance Sheet
Notes to the Financial Statements

2020
Unrestricted Restricted Total
Notes Funds Funds Fundsf
Income 2
From Generated Funds
Donations 380,965 Ii5,I30 496,095
From Charitable Activities
Operation ofaMuseum forthe
purposes ofeducation, research and
enJoyment 41,169 41,169
Investment
Income
Total Income 422,139 115,130 537,269
Resources Expended
Costs ofRaising Funds 3.1 27,464 27,464
Charitable
Activities		 32 184,542 54,809 239351
Total Resources Expended 212 DD6 54,809 266,815
Net Income / (Expenditure)
for the year 4.1 210,133 60,321 270.454
Transfers between funds 62,930 (62,930)
Net Movement
in Funds		 273,063 ~26992 270,454
Total Funds bmught
forward		 1,706,031 309381 2,015,412
Total Funds carried forward 1,979,094 306,772 2385,866

ORTHE YEAR ENDED 31DECE MBER 2019
2019
Unrestricted Restricted Total
Notes Funds Funds Funds
Income 2
From Generated Funds
Donaticns 488,084 525 488,609
Fmm Charitable
Activities
Operation ofaMuseum forthe
purposes ofeducation, research and
enjoyment 56,814 56,814
Investment
Income		 17 17
Total Income 544,915 525 545,440
Resources Expended
Costs ofRaising Funds 3.1 28,633 28,633
Charitable Activities 32 225,749 1,922 227,671
Total Resources Expended 254 382 1,922 256,304
Net Income I(Expenditure)
for the year 4.1 290,533 (1397) 289,136
Transfers between funds
Net Movement
in Funds		 290,533 1,39 289,136
Total Funds bmught
forward		 1,415,498 310,778 1,726376
Total Funds carried forward 1,706,031 309,381 2,015,412

INCOME
2020 2019
Unrestricted Restricted Total Total
Donations
Donations 258,912 115,130 374,042 483,679
Gilt Aid 23,072 23,072 4,630
Donated Aruvork at valuation 300
Business Support Grants 98,982 98,982
Total 380965 115,130 496,095 488,609
Charitable
Activities
Friends Membership 9,399 9399 7,845
Museum Admissions 24,132 24,132 36368
Education tkWorkshops 1,761 1,761 4355
Museum hire and other events 5,878 5,878 7,766
Other income 580
Total 41,169 41 169 56,814
Interest 17
Total Income 422,139 115,130 537,269 545,440
3.0RESOURCES EXPENDED 2020 2019
Unrestricted Restricted Total Total
8
3.1Donations
Other expenses 2,263
Support Costs 27,464 27,464 26,270
Total 27,464 27,464 28,633
3.2Charitable Activities
Exhibition costs 1,574 54,809 56,383 48,394
Education
8i:Workshops		 2,459 2,459 6,906
Other costs 11,338 11,338 14,946
Support Costs 169,171 169,171 157,425
Total 184,452 54,809 239,351 227,671
Total Resources expended 212,006 54,809 266,815 256,304

Basisof Charitable Recharged
Apportiomnent Activities Total
Subsidiary 8
Employment costs
Statf utilisation 85,990 15,924 6,370 108+84
Property costs
including Space occupied 31,766 1,891 3,025 36,682
amortisation of
leasehold property
General office Estimated activity 6,446 1,361 1,146 8,953
Organisation Estimated activity 14,971 4,491 2,994 22,457
Leasehold Space occupied 29,997 3,797 3,038 36,832
Depreciation
169,171 27,464 16,573 213,208

NET INCOMING RESO NET INCOMING RESO URCES
4.1 Net Incoming
Resources		 are stated after charging auditors' remuneration off3,900 (2019:83,900).The auditor's
remuneration
relates solely		 tothe independem examination.
4.2 Employee Information 2020 2019
Staffcosts were as follows: 8
Wages and salaries 112361 97,763
Pensions 2,664 1,879
Social security costs 12,468 6,752
127,393 106394
'Ihe average monthly number ofemployees during the year was as follows:
Director Full Time
Curator Full Time
Assistant Curator Part Time
Shop/admissions Full Time
manager (costborne
50/50 by the subsidiary
company
and Charity,
50%included above)
Marketing
and		 Part Time
Communications
Officer
Learning Manager Full Time

6. FIXEDASSETS Heritage Assets Leasehold Total
at Cast or Premises
Valuation
Cost or Valuation
At 31December 2019
~at cost		 1,171,308
159		 955,907
(6,638)		 2,127,215
(6,479)
Disposals/written
off
Donations at valuation
At 31December 2020 1,171,467 949369 2,120736
At 31December 2019 38,326 38,326
Charge forthe year 37,971 37,791
Eliminated
on
disposal/write
off
At 31December 2020 76397 76,297
Net BookValue
At 31December 2019 1,171,308 917,581 2088889
At 31December 2020 1,171,467 872,972 2,044,439

7. DEBTORS 2020f 2019
Other debtors 139,424 101,162
Gift aid recoverable 153 3,880
Prepayments 7,307 6,979
146,884 112,021
8. CREDITORS 2020f 2019
f
Amounts
falling due within one year.
Subscriptions
received in advance		 10,931 9,935
Trade creditors 6,657 67,828
Other creditors 17,682 12,499
Accruals 4,900 20,761
Loan Payments Due (Note below) 50,000 50,000
Total due within
1year		 90,170 161,023
Amounts
falling due greater than 1year
Loan Payments
due (Note below)		 87,500 112100
Unsecured
commercial
loan off200,000taken out in April 2019.		 177,670 273,523
Ihe loan was initially repayable
in equal		 instalments over a4-year term,
however as part ofCovid-19 support the lender agreed asixmonth Capital
repayment
holiday (April-September		 2020) snd the loan term was extended
to4and ahalf years.
OPERATING LEASE COMMITMENTS 2020 2019
f
The amounts payable in respect ofthe perating leases, exduding VAT are:
In one year 15,001 15,001
Between two and five years 43,128 58,129

11.1 Analysis ofN et A ssets Between F ends
General Designated Restricted Total
Fends Funds Funds Funds
8 f.
Fixed assets 872,973 $64,695 306,772 2,044,440
Current assets 419,096 419,096
Cunent liabilities 177,670 (177,670
Net Assets at 31December 2020 1,114399 864,695 306,772 2385,866
11.2 Movement
in		 Funds
At31Dec Incoming Outgoing At31Dec
2019 Resoumes Resources Transfers 2020
Unrestricted Funds
Desigaated Funds
Collection fund 864,536 159 864,695
General Funds $41495 421980 212006 62930 1 114399
Total Umestrictcd Funds 1706031 422 139 212006) 62930 1979094
Restricted Funds
Collection fund 306,772 306,772
HLP - Comic Creators 2,609 16,430 (5,779) (13860)
HLF —Covid 19Business 98,700 (49,030) (49,670)
Support Fund
Total Restricted Funds 309,381 115,130 54 809 62930 306772
Total Funds