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NORTH DEVON MUSEUM TRUST

Income and Expenditure Account for the year ended 31st March 2021

 2020/2021
Income   
 Book Sales261.45
Shop Sales0.00
Costs of  Book, Shop Sales & stock write-down-1500.00
Profit / Loss on Sales-1238.55
(% of Profit) 
Admission Fees0.00
Victorian School Admissions90.00
Donations and Grants*28768.00
Friends Subcriptions656.00
Outreach/Fundraisin/Research114.50
Interest28.50
Miscellaneous 
TDC CAR PARK REIMBURSEMENT3094.59
Total income31513.04
  
Expenditure 
  
Publicity and Printing costs 190.20
Equipment Depreciation870.10
petty cash0.00
Library Archives 
cleaning56.00
Coffee machine 
Volunteers Expenses  
Administration 
Insurance 1447.39
Stationery, postage & computer supplies240.92
Maintenance 3360.41
Utilities756.00
Water276.00
Telephone and Internet380.55
AGM COSTS – 
SW MARITIME MEMBERSHIP15.00
  
Total Expenditure7592.57
SURPLUS 23920.47
Balance Sheet as at 31/03/2021
Assets ££
Current Assets  
Stock at cost less provision 4300.00
Cash and cash equivalents  
Cash in hand130.00 
Current account41360.92 
Business Reserve70038.80 
  111529.72
Current Liabilities  
Accrued Expenses 405.18
   
Net current assets 115424.54
   
Non current assets  
Building 156673.00
Office equipment:  Cost5807.00 
dpn4056.70 
  1750.30
Flagpoles1954.00 
dpn975.40 
  978.60
Non current assets total 159401.90
   
Total net assets 274826.44
   
Accumfunds b/f250905.81 
   
Surplus23920.47 
  274826.28
List of Donations and grants£
Northam T C400
TDC Grants Covid 1927000
Legacy Donald Cawthorn1000
MISCELLANEOUS68
Maggie Curtis50
Mr Tamlyn250
28768
Building shown at cost of purchase March 2016 plus Portico addition. 
2020/ 2021 Depreciation charged at 30% per annum on projector and audio equipment .
10% per annum on desk and flagpole
No depreciation charge in year of acquisition
Depreciation charge for year
Audio Equipment247.5
Desk158.4
Card machine268.8
Flagpole195.4
Total:870.1
Closing stock comprises shop stock at cost and a stock of books.
Many books have been held for many years and therefore have a 
potentially low (nil) realizable value.
A detailed stock count as at 31/03/2019 was taken and stock recored at cost as:
Shop stock2493
Book stock8856
Stock at cost11349
Many books have been held for many years and therefore have a 
potentially low (nil) realizable value. A provision for slow moving and obsolete
stock has therefore been agreed 
Stock at cost11349
Provision7049
Stock valuation4300
Cost of sales computed as follows: 
Opening stock5800
Purchases0
Closing stock   4300
Provision1500
Benefits In Kind
The Museum received 3168 hours during the year from volunteers
including archiving. Research, maintenance and committee work
The value to the Museum at the Minimum wage of £8.72 per hour was £27625.
Visitors Numbers
The Museum received no visitors during the year due to the COVID-19 pandemic.
This would include visitors to the Museum itself, school parties, research and enquiries
Date: 30 Sept 2021
Signed:  Fiona Cousins
Audit Certificate
I have examined the books of the North Devon Maritime Museum. In my opinion 
proper Books of Account have been kept and these give a true and fair view of 
the financial affairs of the Museum, the surplus for the year ended March 2019
and the assets and liabilities at that date.
A full audit has not been carried out.
Date: 07 July 2021
Signed:  Stephen Taylor

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North Devon Maritime Museum

Odun House

Odun Road

Appledore

Devon EX39 1PT

 

Tel: 01237 422064

Email: info@northdevonmaritimemuseum.co.uk

 

Registered Charity number: 267268