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|Directors|Directors||B McElney|B McElney||
|---|---|---|---|---|---|
||||C Gore|||
||||BHutton|||
||||A Shepherd|||
||||A Griffiths|||
||||S Balmer|||
||||J Higgins|||
||||Dr7 Munford|||
||||RScott|||
|Secretary|||B Hutton|||
|Charity|number||328725|||
|Company||number|02499752|||
|Registered||office|12 Bennett Street|||
||||Bath|||
||||BA1 2QJ|||
|Auditor|||Ferguson|Maidment|&Co.|
||||Be Floor|||
||||167Fleet|Street||
||||London|||
||||EC4A 2EA|||
|Bankers|||Lloyds Bank|||
||||47 Milsom|Street||
||||Bath|||
||||BA1 1DN|||
##
||||Page|
|---|---|---|---|
|Directors'
report|||1-6|
|Statement
of Directors'||responsibilities||
|Independent
auditor's||report|8-10|
|Statement
of financial||activities||
|Balance sheet|||12|
|Statement ofcash flows|||13|
|Notes to the financial|statements||14 - 27|
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|||Unrestricted|Endowment|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2021|2020|
|7|Notes|2|2|2|2|2|
|Donations
and legacies|3|1,484|600,000|2,148|603,632|11,414|
|Allocation to correct account||||||9,651|
|Charitable
activities||2,357|||2,357|13,305|
|Other trading
activities||3,443|||3,443|23,650|
|Investments||270,649|||270,649|283,430|
|Insurance
claim proceeds|||||||
|Government
grant|7|59532|||59532||
|Total income||337465|600,000|2148|939,61~|341450|
|~Ex ~nitur
IL(mr
22aaff
0|Notes||||||
|Fundraising||||||7,721|
|Trading costs||23,213|||23213|32769|
|Investment
management||1,290|21,959||23,249|24,002|
|Allocation
to correct account||||||9,651|
|Insurance
claim expenses||4 196|||4 196|10,883|
|Charitable
activities|9|28,699
233,570|21 959
2 808|12,816|50,658
249,194|85026
305 76'|
|Total resources expended||262,269|24,767|12,816|299,852|390786|
|Net gains/(losses)
on|||||||
|investments|||73,814||73,814|8888|
|Net (outgoing)/incoming|||||||
|Resources before transfer||75,196|649,047|(10,668)|713,575|(42,648)|
|Transfer||4877|4,877||||
|Net (expenditures)/income|for the year/||||||
|net movement
in funds||70,319|653,924|(10,668)|713,575|(42,648)|
|Fund balances at 1 April 2020||217.306|6.517,473|60,068|6,794,847|6,837,495|
|Fund balances at 31 March|2021|287,625|7,171,397|49,400|7,508,422|6,794,847|
##
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|Fixed assets||||Notes||f|f||
|Tangible assets||||14||922,620|934,368||
|Investments|at||-cost|15|5,819,884||5,234,435||
||||-value||457,202||382,057||
|||||||6,277,086|5,616,492||
|||||||7,199,706|6,550,860||
|Current assets|||||||||
|Stocks||||16|11,188||7,217||
|Debtors||||17|46,890||45,134||
|Cash at bank and in|||||||||
|hand|||||289,933||236,140||
||||||348,011||288,491||
|Creditors:
within one|amount
year|falling|due|18|~39.293||44,504||
|Net current|assets|||||308,716|243,987||
|Total assets less current|||||||||
|liabilities||||||7,508,422|8794847,|,|
|Income funds|||||||||
|Restricted funds||||19||49,400|60,068||
|Endowment|funds|||20||7,171,397|6,517,473||
|Designated|funds|||21||164,611|168,807||
|Unrestricted|funds|||||123914|48,499||
|||||||7,508,422|6,794,847||
||||||||&-' C~ยป||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Net Incomings/(Outgoings)|from|Activities|||713,575|(42,648)|
|Add:
Non-cash
items|||||||
|Depreciation||||14|25,011|33,212|
|Loss on disposal offixed assets|||||371|5,712|
|Less:Endowment
funds|||||(653,924)|15,414|
|Dividends|||||(270,649)|(283,430)|
|Adjustment
re gains|and other non-cash||||||
|investment
activities|||||(18,397)|(22,101)|
|Cash used prior to capital injection,|||investment||||
|activities and operations|||||(204,013)|(293,841)|
|Cash from capital injection:|legacy||||600,000||
|Cash generated
from investment||activity|||||
|Dividends|||||270,649|283,430|
|Sale of investments|||||576,658|1,098,753|
|Purchase
of investments|||||(1,358,002)|(965,730)|
|Total|||||(510,695)|416,453|
|Application
of Cash
in Operational|||Activities:||||
|Purchase
offixed assets||||14|(13,634)|(7,632)|
|Increase
in stock||||16|(3,971)|(2,044)|
|Increase/(decrease)
in debtors||||17|(1,756)|117,181|
|Decrease in creditors||||18|(5,209)|(4,561)|
|Total|||||24570|102944|
|Net (Decrease)/increase
in|Cash||||(139,278)|225,556|
|Cash at 1 April|||||561,494|335,938|
|Cash at 31 March|||||422,216|561,494|
|Composition
of cash balances at 31 March|||||||
|Cash at bank|||||289,933|236,140|
|PEFcash with investment
manager|||||121,640|305,311|
|EEFcash with investment
manager|||||10,643|20,043|
|Total|||||422,216|561,494|
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|3|Donations|a|nd|legacies||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Endowment|Restricted|Total|Total|
||||||funds|funds|funds|2021|2020|
|||||||designated||||
||||||2|8||||
||Donations|and||gifts|1,484||2,148|3,632|11,415|
||Legacies|||||600,000||600,000||
||||||1,484|600,000|2,148|603,632|11,415|
||For the year||ended 31 March 2020||1,596||9,819||11,415|
|4|Charitable|activities||||||2021|2020|
||Admission|charges|||||||8,500|
||Events|||||||865|2,280|
||Education||||||||897|
||Membership||subscriptions|||||1,492|1,628|
|||||||||2,357|13,305|
|5|Other trading||activities|||||||
|||||||||2021|2020|
||Shop income|||||||3,151|21,122|
||Image copyright|||sales||||292|747|
||Other income||||||||1,781|
||Other trading||activities|||||3,443|23,650|
|6|Investment|income||||||||
|||||||||2021|2020|
|||||||||2||
||Income from||listed investments|||||270,382|282,416|
||Interest
receivable|||||||267|1,014|
|||||||||270,649|283,430|
##
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|Government|grant incom|e|||
|---|---|---|---|---|
||||2021|2020|
|Coronavirus|Job Retention|Scheme Grant|40,101||
|Coronavirus|Government|Business support|19,431||
||||59,532||
|Raising
funds|Raising
funds||Unrestricted
funds|Endowment
funds|Total 2021|Total 2020|
|---|---|---|---|---|---|---|
||||2|2|f||
|F nd
isin|and Publici||||||
|Staff costs||||||7,721|
|T~ICh|||||||
|Other trading
activities|||6,148||6,148|12,487|
|Staff costs|||17,065||17,065|20,282|
|Trading
costs|||23,213||23,213|32,769|
|Investment|mana|ament|1,290|21,959|23,249|24,002|
||||24,503|21,959|46,462|64,492|
|For the year ended 31 March 2020|||||||
|Fundraising|and|publicity|7,721|||7,721|
|Trading costs|||32,769|||32,769|
|Investment|management||1,309|22,693||24,002|
||||47,799|22,693||64,492|
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|||||2021|2020|2020|
|---|---|---|---|---|---|---|
|||||f|2||
|Staff costs||||161,394|177,210||
|Depreciation||||25,382||33,212|
|Advertising|and PR|||403||5,894|
|Collection
care||||3,372||10,005|
|Property costs||||18,221||27,851|
|Travel and expenses||||96||3,098|
|Legal and professional||||1,250||1,335|
|Subscriptions||||715||712|
|Training
and|consultancy|||3,139||2,402|
|Office costs||||10,437||8,662|
|Bank charges||||39||125|
|Education||||635||3,347|
|Exhibition||||1,385||6,895|
|Film||||||802|
|Artefact insurance||and storage||19,476||18,735|
|||||245,944|300,285||
|Share of governance|||costs (see note 10)|3,250||5,475|
|||||249,194|305,760||
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|Support|costs||||||
|---|---|---|---|---|---|---|
|||Support|Governance|2021|2020|Basis of allocation|
|||Costs|Costs||||
|||2|2|2|2||
|Audit fees|||3,250|3,250|5,475|Governance|
||||3,250|3,250|5,475||
|Analysed|between||||||
|Charitable|activities||3,250|3,250|5,475||
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|Number
of employees|Number
of employees||||2021|2020|
|---|---|---|---|---|---|---|
|The average
monthly|number|employees|during|the year was:|Number|Number|
|Curator||||||1|
|Visitor Services||||||2|
|Administration||||||3|
|Education||||||2|
|Security||||||1|
|Employment
costs|||||2021|2020|
||||||2|2|
|Wages and salaries|||||161,487|184,186|
|Social security costs|||||8,957|12,042|
|Other pension costs|||||8,015|8,985|
||||||178,459|205,213|
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||||2021|2020|
|---|---|---|---|---|
||||f|f|
|Gain/(loss)|on sale of investments|- PEF|420|77,526|
|||EEF|(12,698)|9|
|Unrealised|gains/(losses)|EEF|86,092|(70,847)|
||||73,814|6,688|
##
|Tangible
fix|ed asset|s||||||
|---|---|---|---|---|---|---|---|
||||Freehold land|Assets under|Fixtures and|Library|Total|
||||and buildings|construction|fittings|||
|||||||f|f|
|Cost||||||||
|At 1 April 2020|||224,239|668,638|556,146|51,250|1,500,273|
|Acquisitions|||||13,634||13,634|
|Disposals|||||(2,948)|-|(2,948)|
|At 31 March|2021||224,239|668,638|566,832|51,250|1,510,959|
|Depreciation|and impairment|||||||
|At 1 April 2020||||55,866|510,039||565,905|
|Disposals|||||(2,577)||(2,577)|
|Depreciation|charged|in the year|||25,011||25,011|
|At 31 March|2021|||55,866|532,473||588,339|
|Carrying
amount||||||||
|At 31 March|2021||224,239|612,772|34,359|51,250|922,620|
|At 31 March|2020||224,239|612,772|46,107|51,250|934,368|
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|||Listed|Cash in|Total|
|---|---|---|---|---|
|||investments|porffolio||
|Permanent
Endowment|Fund atcost||||
|At 1 April 2020||4,929,124|305,311|5,234,435|
|Incoming resources|||609,480|609,480|
|Additions||1,316,590|(1,316,590)||
|Sales proceeds||(546,509)|546,509||
|Gains/ (Loses)||420||420|
|Fees and outgoings||(1,381)|(23,070)|(24,451)|
|At 31 March 2021||5,698,244|121,640|5,819,884|
|At 31 March 2020||4,929,124|305,311|5,234,435|
|Emergency
Endowment|Fund at market value||||
|At 1 April 2020||362,014|20,043|382,057|
|Incoming resources|||1,863|1,863|
|Additions||41,412 .|(41,412)||
|Sales proceeds||(30,149)|30,149||
|Realised
Gains/ (Loses)||(12,698)||(12,698)|
|Fees and outgoings||(112)||(112)|
|Unrealised
gains/ (Loses)||86,092||86,092|
|At 31 March 2021||446,559|10,643|457,202|
|At 31 March 2020||362,014|20,043|382,057|
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||2|2|
||Finished|goods and goods||for resale|11,350|7,339|
||Less: Provision for obsolete|||stock|(162)|[162)|
||||||11,188|7,217|
|17|Debtors||||||
||Amounts|falling due within
one year:|||2021|2020|
||||||2|2|
||Trade debtors||||168|488|
||Other debtors||||23,856|22,011|
||Prepayments||and accrued|income|22,866|22,635|
||||||46,890|45,134|
|18|Creditors||||||
|---|---|---|---|---|---|---|
||Amounts
falling due||within|one year|2021|2020|
||Other taxation|and social security|||3,155|3,256|
||Trade creditors||||26,247|32,388|
||Other creditors||||||
||Accruals
and deferred||income||9,893|8,860|
||||||39,295|44,504|
##
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||||||Balance at|Balance at|Incoming|Incoming|Resources|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||31 March|
||||||1 April|2020|Resources||Expended||2021|
||||||2||2||2||2|
|B8NES Eastern voices||||||370||||(370)||
|B&NESArts project funding||||||9||||(9)||
|Foyle Foundation||||||782|||(782)|||
|ACE small scale|capital grant|||||7638|||(7,638)|||
|Stephen
Clark Charitable||Trust||||100|||(100)|||
|Medlock charitable
Trust||||||106||||(106)||
|B&NES Heritage|- Improved||facilities for|||||||||
|volunteers||||||12||||(12)||
|MEAA Metalware|conservation|||project|24,353||||||24,353|
|MEAA Emergency|Appeal||||8,897|||835|||9,732|
|The Reimaging
Project fund|||||3,536||||(385)|497|3,648|
|L.G. Harris Trust|Security|||||||||||
|Enhancements
L.G. Harris Trust|Photography|||of|10,465||||(2,598)||7,867|
|collection|||||3,800||||||3,800|
|SW Museum
Development|||Programme|||||||||
|Recovery grant for Digital||project|||||1,313||1,313|||
||||||60,068||2|148|12,816||49,400|
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||||General|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds||
||||2|2|2|2|
|Fund balances at 31 March 2021 are|||||||
|represented||by:|||||
|Tangible|assets||34,359||888,261|922,620|
|Investments|||||6,277,086|6,277,086|
|Current|assets/(liabilities)||253,266|49,400|6,050|308,716|
||||287,625|49,400|7,171,397|7,508,422|
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