2020-12-31-accounts - The Bronte Society

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				Page
Reference and Administrative			Details ofthe Charity, its Trustees and Advisers	1-2
Trustees' Report				3-17
Independent	Auditors'	Report	on the Financial Statements	18-21
Consolidated	Statement ofFinancial Activities			22
Consolidated	Balance	Sheet		23
Charity Balance Sheet				24
Consolidated	Statement ofCash Flows			25
Notes tothe	Financial	Statements		26 - 51

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2020 6	2020 5	2020	2019f
Income from:
Donations and legacies		4	150,976	5,681	156,657	696,753
Charitable activities		5	799,907		799,907	860,246
Other trading activities		6	107,517		107,517	327,375
Investments		7	3,821		3,821	7,211
Other income		8	3,040		3,040
Total income			1,065,261	5,681	1,070,942	1,891,585
Expenditure on:
Raising funds			157,242		157,242	258,409
Charitable activities		10,11	883,168	3,036	886,204	1,082,705
Total expenditure			1,040,410	3,036	1,043,446	1,341,114
Net (losses)/gains	on investments		(3,660)		(3,660)	33,674
Net income			21,191	2,645	23,836	584,146
Transfers between	funds	21	(100)	100
Net movement in	funds		21,091	2,745	23,836	584,146
Reconciliation of	funds:
Total funds brought	forward		2,694,072	78,288	2,772,360	2,188,214
Net movement in funds			21,091	2,745	23,836	584,145
Total funds carried forward			2,715,163	81,033	2,796,196	2,772,360

					2020		2019
			Note
Fixed assets
Tangible assets			15		88,192		129,296
Heritage assets			16		2,272,927		2,270,877
Investments			17		160,321		278,905
					2,521,440		2,679,078
Current assets
Stocks			18	82,273		77,503
Debtors			19	47,939		67,668
Cash at bank and	in	hand		278,029		49,172
				408,241		194,343
Creditors: amounts		falling due within one
year			20	(133,485)		(101,061)
Net current assets					274,756		93,282
Total assets less	current liabilities				2,796,196		2,772,360
Net assets					2,796,196		2,772,360
Total net assets					2,796,196		2,TT2,350
Charity funds
Restricted funds			21		81,033		78,288
Unrestricted funds			21		2,715,163		2,694,072
Total funds					2,796,196		2,772,360

				Note		2020 6		2019f
Fixed assets
Tangible assets				15		88,192		129,296
Heritage assets				16		2,272,927		2,270,877
Investments				17		185,421		304,005
						2,546,540		2,704,178
Current assets
Stocks				18	3,124
Debtors				19	129,132		113,480
Cash at bank	and	in	hand		253,597		36,512
					385,853		149,992
Creditors: amounts			falling due within one
year				20	(127,740)		(95,149)
Net current	assets					258,113		54,843
Total assets	less	current liabilities				2,804,653		2,759,021
Net assets						2,804,653		2 759,021
Total net assets						2,804,653		2,759,021
Charity funds
Restricted funds				21		81,033		78,288
Unrestricted	funds			21		2,723,620		2,680,733
Total funds						2,804,653		2,759,021

FOR T	HE	YEAR ENDED 31 DECEMBER 20	20
			2020 6	2019f
Cash flows from operating activities
Net cash used in operating activities			44,476	452,936
Cash flows from investing activities
Dividends, interests and rents from investments			3,821	7,211
Purchase ofheritage assets				(671,514)
Purchase oftangible fixed assets			(6,224)	(12,419)
Proceeds from sale ofinvestments			162,527	230,672
Purchase ofinvestments			(90,743)	(108,813)
Net cash drawings on investments			115,000	70,172
Net cash provided by/(used in) investing		activities	184,381	(484,691)
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents	in	the year	228,857	(31,755)
Cash and cash equivalents at the beginning		ofthe year	49,172	80,927
Cash and cash equivalents at the end of		the year	278,029	49,172
The notes on pages 26 to 51 form part ofthese financial statements

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2020	2020 6	2020 6	2019f
Donations
Bequests	and donations			150,976		150,976	13,793
Contemporary arts		donations			345	345	395
Collection	care donations				48	48	90
Purchase	fund donations				4,325	4,325	1,643
Museum	redecoration		scheme		72	72	60
Piano maintenance		fund			241	241
Auction donations							680,772
Education	donations				650
				150,976	5,681	156,657	696,753
Total 2019				12 783	683,970	696,753

		Unrestricted	Restricted	Total	Tolal
		funds	funds	funds	funds
		2020f	2020f	2020f	2019f
Museum admission	donations	79,767		79,767	440,867
Museum admission	gift aid tax	10,314		10,314	51,413
Grants receivable		425,202		425,202	254,880
Contemporary arts	income	903		903	13,179
Education group admission		5,953		5,953	43,406
Events		13,356		13,356	19,105
Subscription from members		26,747		26,747	24,439
Conference					2,513
Exhibition tax refund		13		13	10,444
Coronavirus Job Retention Scheme grant		212,652		212,652
Bradford Council grant		25,000		25,000
Total 2020		799,907		799,907	860,246
Total 2019		828,672	31,574	860,246

			Unrestricted	Total	Total
			funds	funds	funds
			2020f	2020f	2019f
Royalties,	licensing	and repo fees	18,912	18,912	20,615
Income from sales			88,605	88,605	306,761
			107,517	107,517	327,376
Total 2019			327,376	327,376

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
		E	E
Dividends	receivable	3,517	3,517	7,059
Bank interest		304	304	152
		3,821	3,821	7,211
Total 2019		7,211	7,211

	Unrestricted	Total	Total
	funds	funds	funds
	2020 E	2020 E	2019f
Insurance	3,040	3,040

			Unrestricted	Total	Total
			tunds	funds	funds
			2020	2020	2019
			E	E	E
Investment	management	fees	2,309	2,309	5,369
Total 2019			5,369	5,369

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2020 f	2020 f	2020f	2019f
Operation	of Bronte Parsonage		Museum	883,168	3,036	886,204	1,082,705
Total 2019				1,069,045	13,660	1,082,705
Analysis	ofexpenditure	by activities
				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2020f	2020f	2020f	2019
Operation	ofBronte Parsonage		Museum	470,893	415,311	886,204	1,082,705
Total 2019				501,199	481,506	1,082,705

			Charitable	Total	Total
			activities	funds	funds
			2020 6	2020f	2019f
Staff costs			381,107	381,107	394,486
Curatorial			20,648	20,848	42,591
Advertising	and marketing		30,588	30,588	44,524
Exhibition and displaY			6,223	6,223	7,062
Education			842	842	7,602
Contemporary		art expense	22,649	22,649	50,511
Travel and	training		2,628	2,628	11,602
Events			4,175	4,175	21,807
Membership			1,633	1,833	2,895
Conference	costs				2,275
Bicentenary	costs				1,261
Process review costs					14,543
			470,893	470,893	601,199
Total 2019			601,199	601,199

				Charitable	Total	Total
				activities	funds	funds
				2020	2020	2019
				6	6
Staff costs				149,451	149,451	156,553
Depreciation				47,328	47,328	50,953
Travel and training				1,395	1,395	5,460
Rates and water				1,683	1,683	5,613
Insurance				10,000	10,000	8,361
Light and heat				5,701	5,701	7,188
Temporary staff				31,817	31,817	39,915
Recruitment						1,000
Communications		and technology		18,356	18,356	21,005
Security and	ffre safety			16,190	16,190	7,352
Cleaning				3,514	3,514	5,954
Garden				1,596	1,596	1,812
Property repairs				16,061	16,061	30,104
Input VAT not recoverable				11,886	11,886	21,048
Miscellaneous				706	706	5,610
Administration		costs		11,145	11,145	26,361
Bank charges				7,796	7,796	12,492
Governance	costs			80,686	80,686	74,725
				415,311	415,311	481,506
Total 2019				481,506	481,506
Auditors' remuneration
					2020f	2019f
Fees payable	to the Charity's		auditor for the audit ofthe Charity's	annual
accounts					8,000	9,250

										Group	Gniup	Charity	Charity
										2020f	2019	2020 6	2019f
Wages and		salaries								623,833	630,382	514,262	531,975
Social security			costs							28,456	34,775	28,456	34,775
Contribution		to defined			contribution		pension
schemes										17,030	17,771	14,835	15,946
										669,319	682,928	557,553	582,696
included	within		staff costs are redundancy					payments		totalling 633,744(2019:anil).
The average		number		ofpersons		employed		by	the Charity during		the year was as follows:
										Group	Group	Charity	Charity
										2020	2019	2020	2019
										No.	No.	No.	No.
										39	48	32	41
The average		headcount			expressed		as full-time		equivalents was:
										Group	Group	Charity	Charity
										2020	2019	2020	2019
										No.	No.	No.	No.
										39	41	32	34

	Freehold	Fixtures and	Computer
	property	fittings	equipment	Total
		6	6	6
Cost or valuation
At 1 January 2020	18,640	619,300	104,487	742,427
Additions			6,224	6,224
At 31 December 2020	18,640	619,300	110,711	748,651
Depreciation
At 1 January 2020		521,384	91,747	613,131
Charge for the year		41,025	6,303	47,328
At 31 December 2020		562,409	98,050	660,459
Net book value
At 31 December 2020	18,640	56,891	12,661	88,192
At 31December 2019	18,640	97,916	12,740	129,296
Charity

	Freehold	Fixtures and	Computer
	property	fittings	equipment	Total
	6	6	6	6
Cost orvaluation
At 1 January 2020	18,640	619,300	104,487	742,427
Additions			6,224	6,224
At 31 December 2020	18,640	619,300	110,711	748,651
Depreciation
At 1 January 2020		521,384	91,747	613,131
Charge for the year		41,025	6,303	47,328
At 31 December 2020		562,409	98,050	660,459

Charity (continued)
	Freehold	Fixtures and	Computer
	property	fittings f	equipment f	Totalf
Net book value
At 31 December 2020	18,640	56,891	12,661	88,192
At 31December 2019	18,640	97,916	12,740	129,296

						Heritage
						asset	Total
						2020f	2020f
Carrying	value	at	1	January	2020	2,270,877	2,270,877
Additions						2,050	2,050
						2,272,927	2,272,927

		Cash and
	Listed	settlements
	investments	pending	Total
Group	6	6	6
Cost orvaluation
At 1 January 2020	229,770	49,135	278,905
Additions	90,743	(90,743)
Disposals	(162,527)	162,527
Revaluations	(4,791)	1,207	(3,584)
Net cash drawings		(115,000)	(115,000)
At 31 December 2020	153,195	7,126	160,321
Net book value
At 31 December 2020	153,195	7,126	160,321
At 31December 2019	229,770	49,135	278,905

	Investments
	in		Cash and
	subsidiary	Listed	settlements
Charity	companiesf	investments 6	pending 6	Total F.
Cost or valuation
At 1 January 2020	25,100	229,770	49,135	304,005
Additions		90,743	(90,743)
Disposals		(162,527)	162,527
Revaluations		(4,791)	1,207	(3,584)
Net cash drawings			(115,000)	(115,000)
At 31 December 2020	25,100	153,195	7,126	185,421
Net book value
At 31 December 2020	25,100	153,195	7,126	185,421
At 31December 2019	25,100	229,770	49,135	304,005

The following was a subsidiary	undertaking of	the Charity:	the Charity:	the Charity:
Name	Company	Registered office or principal			Principal activity
	number	place ofbusiness
The Bronte Genius Company	06504497	The Bronte Parsonage	Museum,		The gift shop in the
Limited		Church Street, Haworth,			Bronte Parsonage
		Keighley, West Yorkshire,		BD22	Museum
		8DR

	Name					Profit/(Loss)	Profit/(Loss)	Net assets
						for	the year	E
							E
	The Bronte Genius Company			Limited			(21,796)	16,643
18.	Stocks
					Group	Group	Charity	Charity
					2020 E	2019 E	2020 6	2019f
	Finished	goods and goods for		resale	82,273	77,503	3,124
19.	Debtors
					Group	Group	Charity	Charity
					2020	2019	2020	2019
					E	E	E
	Due within one year
	Trade debtors				383	1,704	383	1,704
	Amounts	owed by group undertakings					81,595	46,287
	Prepayments		and accrued income		47,556	65,964	47,154	65,489
					47,939	67,668	129,132	113,460

Creditors	: Amounts falling due	within one y	ear
			Group 2020f	Group 2019f	Charity 2020f	Charity 2019f
Trade creditors			25,796	49,008	24,967	48,801
Other taxation and social security			7,564	10,704	7,485	10,704
Other creditors			2,861	2,466	2,861	2466
Accruals	and deferred income		97,264	38,883	92,427	33,178
			133,485	101,061	127,740	95,149
			Group	Group	Charity	Charity
			2020f	2019f	2020 6	2019f
Deferred	income at 1 January 2020		4,022	4,081	4,022	4,081
Resources deferred during the year			65,240	4,022	65,240	4,022
Amounts	released from previous	periods	(4,022)	(4,081)	(4,022)	(4,081)
			65,240	4,022	65,240	4,022

							Balance at
		Balance at 1					31
		January			Transfers	Gains/	December
		2020 6	Income f	Expenditure 6	in/out 5	(Losses) 6	2020 6
Unrestricted	funds
General Funds - all
funds		2,373,060	1,065,261	(1,032,567)	(100)	(3,660)	2,401,994
Collections		139,725					139,725
Oaphne Carrick		17,126					17,126
Fund-raising
development		6,985					6,985
Other strategic
projects		24,194					24,194
Tielman Fund		43,534					43,534
Bicenteneries	Fund	24,132		(990)			23,142
New Building	Fund	51,727		(840)			50,887
Quinquennial	Fund	9,090		(1,514)			7,576
BPRI Fund		4,499		(4,499)
		2,694,072	1,065,261	(1,040,410)	(100)	(3,660)	2,715,163
Restricted funds
Sir Tresham	Lever	2,000					2,000
Top Withens		2,129					2,129
Collections Care		3,187	48				3,235
Contemporary	Arts	1,236	345				1,581
Education		5,962	650				6,612
Purchases		8,278	4,325		13,120		25,723
British Library		12,789					12,789
Museum Redecoration		196	72				268
Reception Furniture
Fund
Piano Maintenance
Fund		8,612	241	(1,252)	100		7,701
Taylor and Francis Prize
Fund		2,915					2,915
Fundraising for Little
Book		13,120			(13,120)
Garfield Weston		17,620		(1,784)			15,836
		78,288	5,681	(3,036)	100		81,033
Total offunds		2,772,360	1,070,942	(1,043,446)		(3,660)	2,796,196
			Page 45

Statement offun	ds - prior year
						Balance at
	Balance at					31
	1January			Transfers	Gains	December
	2019f	Income f	Expenditure 8	in/outf	(Losses)f	2019 8
Unrestricted
funds
General Funds
-all funds	1,786,852	1,175,982	(1,283,220)	659,772	33,674	2,373,060
Collections	140,000		(275)			139,725
Daphne Carrick	17,126					17,126
Fund-raising
development	21,285		(14,300)			6,985
Other strategic
projects	24,194					24,194
Tielman Fund	46,293		(2,759)			43,534
Bicenteneries
Fund	25,414		(1,282)			24,132
New Building
Fund	62,802		(11,075)			51,727
Quinquennial
Fund	9,090					9,090
BPRI Fund	19,042		(14,543)			4,499
	2,152,098	1,175,982	(1,327,454)	659,772	33,674	2,694,072

Statement o	ffun	ds - prior year (	continued)
							Balance at
		Balance at					31
		1 January			Transfers	Gains	December
		2019f	Income f	Expenditure	in/outf	(Losses)f	2019f
Restricted
funds
Sir Tresham
Lever		2,000					2,000
Top Withens		2,129					2,129
Collections
Care		3,597	90	(500)			3,187
Contemporary Arts		841	395				1,236
Education		7,358	1,604	(3,000)			5,962
Purchases		6,635	1,643				8,278
British Library		12,789					12,789
Museum
Redecoration		136	60				196
Reception
Furniture Fund		244					244
Piano
Maintenance
Fund		8,442	70		100		8,612
Contemporary
Arts 2017		(9,970)	9,970
1aylor and
Francis Prize
Fund		1,915	1,000				2915
Fundraising	for
Little Book			680,772	(7,780)	(659,872)		13,120
Garfield
Weaton			20,000	(2,380)			17,620
		36,116	715,604	(13,660)	(659,772)		78,288
Total offunds		2,188,214	1,891,586	(1,341,114)		33,674	2,772,360

Analysis of net assets between funds -cur	rent period
	Unrestricted	Restricted	Totai
	funds	funds	funds
	2020	2020	2020
	6	6	6
Tangible fixed assets	88,192		88,192
Fixed asset investments	153,195	7,126	160,321
Heritage assets	2,272,927		2,272,927
Current assets	334,334	73,907	408,241
Creditors due within one year	(133,485)		(133,485)
Total	2,715,163	81,033	2,796,196

	Unrestricted	Restricled	Total
	funds	funds	funds
	2019f	2019f	2019f
Tangible fixed assets	129,296		129,296
Fixed asset investments	258,390	20,515	278,905
Heritage assets	2,270,877		2,270,877
Current assets	136,570	57,773	194,343
Creditors due within one year	(101,061)		(101,061)
Total	2,694,072	78,288	2,772,360

	FOR THE	YEAR ENDED 31 D	ECEMBER	2020	2020
23.	Reconciliation of net movement	in funds to net cash	flow from	operating		activities
						Group	Group
						2020 6	2019f
	Net income for the period (as per Statement of Financial		Activities)			23,836	564,146
	Adjustments for:
	Depreciation charges					47,328	50,953
	Gains/(losses) on investments					3,584	(18,083)
	Dividends, interests and rents from	investments				(3,821)	(7,211)
	Loss/(profit) on the sale of investments					16,235	(15,145)
	Increase in stocks					(4,770)	(4,273)
	Decrease/(increase) in debtors					19,729	(29,559)
	Increase in creditors					32,424	3,547
	Donated heritage assets					(2,050)	(4,725)
	Reclassification ofinvestments					(88,019)	(105,714)
	Net cash provided by operating	activities				44,476	452,936
24.	Analysis ofcash and cash equivalents
						Group	Group
						2020f	2019
	Cash in hand					278,029	49,172
	Total cash and cash equivalents					278,029	49,172
25.	Analysis ofchanges in net debt
				At	1		At 31
				January			December
				2020 f		Cash flows 6	2020f
	Cash at bank and in hand			49,172		228,857	278,029
				49,172		228,857	276,029

payments	un	der non-cancellable operating lease	s as follows:
			Group	Group	Charity	Charity
			2020 6	2019	2020f	2019
Not later than		1 year	3,176	3,176	3,176	3,176
Later than	1	year and not later than 5years	16,352	19,528	16,352	19,528
			19,528	22,704	19,528	22,704

			Group 2020f	Group 2019f	Charity 2020 6	Charity 2019f
Operating	lease	rentals	2,669	2,669	2,669	2,569