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|||Page No.|
|---|---|---|
|Report ofthe Trustees||1-8|
|Independent
Examiner's|Report||
|Statement ofFinancial Activities incorporating||10-12|
|Income and Expenditure|Account||
|Balance Sheet||12-13|
|Notes to the Financial Statements||14-21|
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|||||2021||
|---|---|---|---|---|---|
||||tinrcstricted|Restricted|Total|
|||Notes|Funds|Funds|Funds|
|Iacome||2||||
|From Generated
Funds||||||
|Donations|||170,348|107,280|277,628|
|From Charitable
Activities||||||
|Operation ofa Museum|for the|||||
|purposes ofeducation,|research and|||||
|enjoyment|||64,305||64,305|
|Investment
Income|||20||20|
|Total Income|||234673|107,280|341,953|
|Resources Expended||||||
|Costs ofRaising Funds||3.1|22,643||22,643|
|Charitable
Activities||3.2|171,038|107,280|278,318|
|Total Resources Expended|||193,681|107,280|300961|
|Net Income I(Expenditure)||||||
|for the year||4.1|40,992||40,992|
|Transfers
between funds||||||
|Net Movement
in Funds|||40 992||40 992|
|Total Funds brought forward|||1,979,094|306,772|2,285,866|
|Total Funds carried forward|||202IIII86|306772|2326838|
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|||||2020||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
|||Nates|liunds|Funds|Funds|
|||||8||
|Income||||||
|From Generated
Funds||||||
|Donations|||380,965|115,130|496,095|
|From Charitable
Activities||||||
|Operation ofaMuseum|for the|||||
|purposes ofeducation,|research and|||||
|enjoyment|||41,169||41,169|
|Investment
Income||||||
|Total Income|||422139|115130|537269|
|Resources Expended||||||
|Costs ofRaising Funds||3.1|27,464||27,464|
|Charitable
Activities||3.2|184,542|54,809|239,351|
|Total Resources Expeaded|||212006|54,809|266 815|
|Net Iaco me I(Expenditure)
for the year||4.1|210,133|60,321|270.454|
|Transfers
between
funds|||62,930|(62,930)||
|Net Movemeat ia Fuads|||273,063|~2609|2711.454|
|Total Funds brought
forward|||1,706,031|309,381|2,015,412|
|Total Funds carried forward|||1979094|306772|2285866|
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|INCOME||||||
|---|---|---|---|---|---|
|||2021|||2020|
|||Unrestricted|Restricted|Total|Total|
|Donatioas||||||
|Donations||70,494|107,280|177,774|374,072|
|Gift Aid||2,201||2,201|23,071|
|Donated Artwork at valuation||650||650||
|Business Support Grants||97003||97003|98.982|
|Total||170,348|107,280|277,628|496,095|
|Charitable
Activities||||||
|Friends Membership||9,194||9,194|9,399|
|Museum
Admissions||39,529||39,529|24,132|
|Education &Workshops||7,038||7,038|1,761|
|Museum
hire|and other events|8 544||8,544|5,877|
|Total||64,305||64305|41,169|
|Interest||20||20||
|Total Income||234673|107280|341 953|537269|
|3.0RESOURCES EXPENDED||2021|||2020|
|||Unrestricted|Restricted|Total|Total|
||||||8|
|3.1Donations||||||
|Support Costs||22643||22,643|27,464|
|Total||22643||22,643|27,464|
|3.2 Charitable|Activities|||||
|Exhibition costs||4,478||4,478|56,383|
|Education &Workshops||1,002||1,002|2,459|
|Other costs||14,846|107,280|122,126|11,338|
|Support Costs||150,712||150,712|169,171|
|Total||171,038|107,280|278,318|239,351|
|Total Resources expended||193,681|107,280|300,961|266,815|
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|||Basis|of|Charitable||Recharged||
|---|---|---|---|---|---|---|---|
|||Apportionment||Activities|Donations|To|Total|
|||||f.||Subsidiary||
|Employment|costs|||||||
|||Staffutili|sation|59,153|10,954|4,382|74,489|
|Property costs,||||||||
|including||Space occupied||40,607|2,417|3,867|46,891|
|amortisation|of|||||||
|leasehold property||||||||
|General office||Estimated activity||9,678|2,043|1,721|13,442|
|Organisation||Estimated activity||11,558|3,467|2,312|17,337|
|Leasehold||Space occupied||29,716|3,762|3,008|36,486|
|Depreciation||||||||
|||||150,712|22,643|15,290|188,645|
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|4.|NET INCOMING RESO|URCES|URCES||||
|---|---|---|---|---|---|---|
|4.1|Net Incoming
Resources|are stated after charging||auditors'|remuneration
of83,900 (2020: 63,900).The auditor's||
||remuneration
relates solely|to the independent|examination.||||
|4.2|Employee Information||||2020|2020|
||Staffcosts were as follows:||||||
||Wages and salaries||||140,287|112,261|
||Pensions||||2,928|2,664|
||Social security costs||||9,413|12,468|
||||||152,628|127,393|
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|Staffcosts were as follows:
Wages and salaries
Pensions
Social security costs||140,287
2,928
9,413
152,628|
|---|---|---|
|The average number ofem|ployees during the year was|7(20206)detail by role as follows:|
|Director|Full Time|1|
|Curator|Full Time|1|
|Assistant
Curator|Part Time|1|
|Shop/admissions|Full Time|1|
|manager (cost borne|||
|50/50 by the subsidiary|||
|company
and Charity,|||
|50%included above)|||
|Marketing
and|Part Time||
|Communications|||
|Offrcer|||
|Community|Full Time||
|Engagement
officer|||
|Learning Manager|Full Time||
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|FIXEDASSETS||||||
|---|---|---|---|---|---|
||Heritage Assets|||||
||at Cost or||Leasehold|||
||Valuation||Premises|Total||
|Cost or Valuation||||||
|At 31December 2020|1,171,467||949,269|2,127,216||
|Purchased
at cost||||||
|Disposals/written
off||||||
|Donations at valuation||650|||650|
|At 31December 2021|I 172|I17|949,269|2 121|386|
|At 31December 2020|||76,297|76,297||
|Charge for the year|||37614|37614||
|At 31December 2021|||113911|113|911|
|Net Book Value||||||
|At 31December 2020|I 171|467|872972|2944|439|
|At 31 December 2021|I 172|I17|835 358|2,007,475||
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|7.|DEBTORS|||||2021|2020|
|---|---|---|---|---|---|---|---|
||Other debtors|||||198,082|139,424|
||Gift aid recoverable|||||1,372|153|
||Prepayments|||||8,564|7,307|
|||||||208,018|146,884|
|8.|CREDITORS|||||2021|2020|
||Amounts
falling due within one year:|||||||
||Subscriptions
received in advance|||||12,005|10,931|
||Trade creditors|||||8,259|6,657|
||Other creditors|||||48,606|17,682|
||Accruals|||||5,853|4,900|
||Loan Payments
Due (Note below)|||||50 000|50,000|
||Total due within
1year|||||124,723|90,170|
||Amounts
falling due greater than 1year|||||||
||Loan Payments
due (Note below)|||||37500|87500|
|||||||302223|273,523|
||Unsecured
commercial
loan off200,000 taken out in April 2019.|||||||
||The loan was initially repayable
in equal instalments|||over a4-year|term.|||
||However,
as part ofCovid-19 support|the lender agreed a six-month|||capital|||
||repayment
holiday
(April-September|2020) and|the loan term was extended|||||
||to4and ahalf years to September 2023|||||||
|9.|OPERATING LEASE COMMITMENTS|||||2021|2020|
||The amounts
payable
in respect ofthe|operating|leases, excluding VAT are:|||||
||In one year|||||15,001|15,001|
||Between two snd five years|||||28,127|43,128|
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|11,1|Analysis ofN|et A|ssets Between F|unds|||||
|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|Total|
||||||Funds|Funds|Funds|Funds|
||Fixed assets||||835,359|865,345|306,772|2,007,476|
||Current assets||||481,605|||481,605|
||Current liabilities||||162223|||162,223|
||Net Assets at 31December 2021||||1,154,741|864,345|306,772|2,326,858|
|11.2|Movement
in|Funds|||||||
|||||At 31Dec|Incoming|Outgoing||At 31Dec|
|||||2020|Resources|Resources|Transfers|2021|
|||||8|8||f.||
||Unrestricted|Funds|||||||
||Designated
Funds||||||||
||Collection|fund||864,695|650|||865,345|
||General Funds|||1 114399|234 023|193681||1 154 741|
||Total Unrestricted||Funds|1979094|234,673|193,6811||2 020 086|
||Restricted Funds||||||||
||Collection
fund|||306,772||||306,772|
||ACE||||96,000|(96,000)|||
||Foyle||||4,774|(4,774)|||
||Westminster||||6 506|6 506|||
||Total Restricted Funds|||306772|107,280|107280||306772|
||Total Funds||||||||
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