Caseware UK (AP4) 2022.0.179 2022.0.179 Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-31850273068502No description of principal activity2022-01-01false002022-12-31 07363611 2022-01-01 2022-12-31 07363611 2021-01-01 2021-12-31 07363611 2022-12-31 07363611 2021-12-31 07363611 2022-01-01 07363611 2021-01-01 07363611 c:RegisteredOffice 2022-01-01 2022-12-31 07363611 d:CurrentFinancialInstruments 2022-12-31 07363611 d:CurrentFinancialInstruments 2021-12-31 07363611 c:FRS102 2022-01-01 2022-12-31 07363611 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07363611 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07363611 b:Trustee1 2022-01-01 2022-12-31 07363611 b:Trustee2 2022-01-01 2022-12-31 07363611 b:Trustee3 2022-01-01 2022-12-31 07363611 b:Trustee4 2022-01-01 2022-12-31 07363611 b:Trustee5 2022-01-01 2022-12-31 07363611 b:UnrestrictedFundsGeneral 2022-01-01 2022-12-31 07363611 b:UnrestrictedFundsGeneral 2022-12-31 07363611 b:UnrestrictedFundsGeneral 2021-12-31 07363611 b:TotalUnrestrictedFunds 2022-12-31 07363611 b:TotalUnrestrictedFunds 2021-12-31 07363611 c:FullAccounts 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 07363611
Charity number: 1138368














THE MUSEUM OF EVERYTHING
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
 
 
1
Trustees' Report
 
 
2 - 5
Statement of Financial Activities
 
 
6
Balance Sheet
 
 
7
Notes to the Financial Statements
 
 
8 - 12

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022


Trustees
  
T H Shutes, Principal
P Brett, Trustee (Resigned 15 March 2023)
J F Peniston, Trustee
J Brett, Trustee (appointed 15 March 2023)
R Baldock, Trustee (appointed 15 March 2023)

Company registered number

07363611

Charity registered number

1138368

Registered office

2nd Floor Connaught House1-3 Mount Street (Entrance via Davies Street)London  W1K 3NB

Accountants

Sopher + Co LLP5 Elstree GateElstree WayBorehamwoodHertfordshireWD6 1JD

Page 1

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2022 to 31 December 2022. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.


Structure, governance and management
 

a. Constitution
 

The Museum of Everything is registered as a charitable company limited by guarantee. The company is constituted under a Memorandum of Association dated 2 September 2010 and is a registered charity number 1138368. 
The Trustees, who are also the directors for the purpose of company law, and who served during the period were:
T H Shutes, Principal
J Brett (appointed 15 March 2023
R Baldock (appointed 15 March 2023)
P Brett (resigned 15 March 2023)
J F Peniston
 

b. Methods of appointment or election of Trustees
 

The management of the Charity is the responsibility of Trustees who are elected and co-opted under the terms of the Articles of Association. The number of trustees shall not be less than two but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. 
Trustees hold office for a period of two years. Unless otherwise agreed by existing Trustees, every Trustee must be appointed for a term of two years by a resolution of the Trustees passed at a special meeting.
The power of appointing and removing Trustees is vested in the members of the company. Trustees have the power at any time to appoint any person to be a Trustee either to fill a casual vacancy or as an additional Trustee.
 

c. Organisational structure and decision-making policies
 

The management of the company is the responsibility of the Trustees who are elected and co- opted under the terms of the Articles of Association.
The Principal Trustee is appointed by the Trustees to manage the day to day operations of the Charity.
None of the Trustees have any beneficial interest in the Charity. All of the members of the Trustees are members of the Charity and guarantee to contribute a maximum of £10 in the event of a winding up.
 

Page 2

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 
Structure, governance and management (continued)

d. Policies adopted for the induction and training of Trustees
 

New Trustees are made aware of the purposes and aims of the Charity, as well as their general and specific duties, as determined by the Principal Trustee.
Training requirements are constantly monitored in accordance with Charity Commission guidelines.
 

e. Related party relationships
 

During the year the Charity was allocated a donation of £5,000 (2021 - £nil) receivable from Everything Limited, a company controlled by one of the Trustees of the Charity.
 

f. Financial risk management
 

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Total income for the year was £5,000 (2021 - £nil) and total expenditure for the year was £5,598 (2021 - £29,047).
The funding resource was an individual donation of £5,000 (2021 - £nil). 
Under the Memorandum and Articles of Association, the Charity has the power to make investments which the Trustees see fit.

Plans for future periods
 

The Charity is looking to further grow its programme and reach as well as to find and develop new revenue streams to improve its sustainability.
 
Objectives and activities
 

a. Policies and objectives
 

The principal objects of the Charity are specifically restricted to the establishment of a trust fund for general charitable purposes, specifically the trust works to display, promotion and development of artwork for the education of the public with particular emphasis on work by disabled, self-taught and other non-traditional artists.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Activities undertaken to achieve objectives
 

During the period charitable activities remained on hold as a consequence of the impact of the COVID pandemic. The trustees are presently exploring opportunities to raise awareness of the Charity, its activities and projects with vulnerable adults, and to generate regularised donations from international organisations to support these initiatives.  
 

Achievements and performance
 

Page 3

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 
Achievements and performance (continued)

a. Main achievements of the Company
 

The Trustees are pleased with the result of fundraising activities.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
 

b. Reserves policy
 

The Charity maintains a general fund from which charitable donations to beneficiaries will be made. As at 31 December 2022 the charity had free reserves in the general fund of £3,653 (2021 - £4,251).
The Trustees consider it appropriate to hold unrestricted funds of at least £3,000 to provide support for future projects. The minimum level of reserves for the ongoing needs of the charity is reviewed by the trustees on an annual basis.
 

c. Material investments policy
 

There are no restrictions on the Charity’s power to invest. The investment strategy is set by the Trustees to take account of recent demand for funds and the quality of the funding applications. The Trustees apply the capital and income of the trust fund for such charitable purposes as they think fit at their discretion.
 

Members' liability
 

The Members of the Charity guarantee to contribute an amount not exceeding £10 to the assets of the Charity in the event of winding up.
 

Page 4

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 28 September 2023 and signed on their behalf by: 
 




T H Shutes
Trustee
Page 5

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted funds
2022
Total
funds
2022
Total
funds
2021
Note
        £
        £
        £

Donations and legacies

3

5,000

5,000

-
 
Total income
5,000
5,000
-
Expenditure on:






Charitable activities

4

5,598

5,598

29,047
 
Total expenditure
5,598
5,598
29,047

Net movement in funds
  
(598)
(598)
(29,047)

Reconciliation of funds:

  




Total funds brought forward

  

4,251

4,251

33,298
 
Net movement in funds

  

(598)

(598)

(29,047)
 
Total funds carried forward
  
3,653
3,653
4,251

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 8 to 12 form part of these financial statements.

Page 6

 
THE MUSEUM OF EVERYTHING
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07363611

 
 
BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Current assets
  

Debtors
 6 
15,000
10,694

Cash at bank and in hand
  
937
557

  
15,937
11,251

Creditors: amounts falling due within one year
 7 
(12,284)
(7,000)

Total net assets 
  
3,653
4,251


Charity funds
  

Unrestricted funds
 8 
3,653
4,251

Total funds
  
3,653
4,251

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 28 September 2023 and signed on their behalf by:




T H Shutes

The notes on pages 8 to 12 form part of these financial statements.

Page 7

 
THE MUSEUM OF EVERYTHING

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

The Museum of Everything is a private company limited by guarantee registered in England and Wales. The registered office address is at 2nd Floor Connaught House, 1-3 Mount Street (entrance via Davies Street), London, W1K 3NB.
 
The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £10 per member of the Company.

The Company is also a Charity registered with the Charity Commission. The Company's charity registered number is 1138368.

The principal objects of the Charity are the display, promotion and development of artwork for the education of the public with particular emphasis on work by disabled, self-taught and other non-traditional artists.

The functional and presentational currency of the Charity is £ Sterling.

2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Museum of Everything meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

  
2.3

Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Page 8

 
THE MUSEUM OF EVERYTHING

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

  
2.4

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

  
2.5

Debtors

Other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

  
2.6

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.7

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

  
2.8

Financial instruments

The Charity has only financial assets and liabilities of a kind that qualify as basic financial instruments. 

  
2.9

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Page 9

 
THE MUSEUM OF EVERYTHING

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.

Income from donations




Unrestricted funds
2022
Total
funds
2022
Total
funds
2021
        £
        £
        £
 


 
Donations

5,000

5,000

-
 


4.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
2022
Total
2022
Total
2021
        £
        £
        £




General, administrative support and governance costs

5,598

5,598

23,707
 
Grants

-

-

5,340
 


5,598
5,598
29,047


5.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).

During the year, no Trustee expenses have been incurred (2021 - £NIL).


6.



Debtors


2022
2021
£
£



Other debtors
-
295

Prepayments and accrued income
15,000
10,399

15,000
10,694

Page 10

 
THE MUSEUM OF EVERYTHING

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.



Creditors: Amounts falling due within one year


2022
2021
£
£


Trade creditors
90
-

Other creditors
7,194
-

Accruals
5,000
7,000

12,284
7,000


8.

Statement of funds


Statement of funds - current year

Balance at 1 January 2022
£
Income
£
Expenditure
£
Balance at 31 December 2022
£

Unrestricted funds





General Funds - all funds

4,251

5,000

(5,598)

3,653
 



Statement of funds - prior year

Balance at
1 January 2021
£
Expenditure
£
Balance at
31 December 2021
£

Unrestricted funds




General Funds - all funds

33,298

(29,047)

4,251
 




Page 11

 
THE MUSEUM OF EVERYTHING

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2022
Total
funds
2022
        £
        £


Current assets

15,937

15,937

Creditors due within one year

(12,284)

(12,284)

Total 


3,653
3,653



Analysis of net assets between funds - prior year

Unrestricted funds
2021
Total
funds
2021
        £
        £


Current assets

11,251

11,251

Creditors due within one year

(7,000)

(7,000)

Total 

4,251
4,251

Page 12