##
##
|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||||||||
##
##
##
##