2021-03-31-accounts - The World Of Glass (St Helens) Limited

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Directors	and Trustees	and Trustees	R C Hepworth	MBE	MBE	Chair
			DJ Brickneg
			P S Cousins
			C M Gravener			resigned	—21 September	2021
			K Pilkington
			5 L WiRiamson
			5Tracey			resigned	—31 December 2020
			A Burns
			5 G Lingard			appointed	—24 August 2020
			J FTabern			appointed	—24 September	2020
			D M Morgan			appointed	- 24 September	2020
Executive		director	RJ Helsby			resigned	—18 May 2021
			P M Frost			appointed	—18 May 2021
Secretary			R I Tully
Company		number	02592450
Charity	number		1006990
Registered		office	Chalon Way	East
			St Helens
			Merseyside
			WA10 1BX
Auditors			Abrams Ashton		Ltd
			7Waterside	Court
			St Helens
			Merseyside
			WA9 1UA
Bankers			NatWest Bank		Plc
			5 Ormsklrk	Street
			St Helens
			WA10 1DR
Solicitors			Addleshaw	Goddard
			100 Barbirolli		Square
			Manchester
			M2 3AB

				Pages
Trustees' Annual Report incorporating	Group Directors'		Report	1 to 5
Independent Auditors' Report				6 to 9
Consolidated Statement of Financial	Activities			10
Consolidated Balance Sheet
Company Balance Sheet				12
Statement of Cash Flows and Consohdated		Statement	of Cash Flows	13
Notes to the Financial Statements				14to 24

			Restricted	Restricted	Unrestricted	Total		Total
			Funds		Funds	Funds		Funds
			2021		2021	2021		2020
			E		E	E		E
		Note
Incoming resources
Incomin resources from enerated	funds:
Voluntary income: Grants and donations			280		617,826	618,106		329,575
Activities for generating funds Commercial trading operations					62,019	62,019		231,783
Investment income:
UK bank interest receivable			22 302		679,845	22 680,147		4 561,362
Incomin resources from charitable
activities: Operations as a visitor centre					~2382	~2382		33 549
Total incoming resources				302	~682 227	~682	529	~594 911
Resources expended
Costs of eneratin funds: Commercial trading operations			27,971		180,621	208,	592	286,565
Charitable activities: Operations as a visitor centre			104,598		295,754	400,352		429,948
Governance costs					~7095	~7095		~7095
Total resources expended		7	~132	569	~483 470	~616	039	~723 608
Net movement of funds for the year			(132,267)		198,757	66,490		(128,697)
Reconciliation of funds
Total funds brought forward			4~244	062	12 723	4 256	785	4 385 482
Total funds carried forward		19	~41	79	su 480	4~323	5	~67

				2021		2020
			Notes	E
Fixed Assets Tangible assets Heritage assets			11 12		4,126,924 4,126,924		4,268, 188 4,268, 188
Current Assets
Stocks				10,200		10,920
Debtors			14	27,885		27,393
Cash at bank and in hand				~294 810		55 131
				332,895		93,444
Creditors: amounts within one year Net Current Assets	falling due I (Liabilities)		15	44 531	288 264	104 847	11 403
Total Assets less Current		Liabilities			4,415,288		4,256,785
Creditors: amounts more than one year Net Assets	falling	due after	16		92 013 +~3~27		4 785
The funds of the charity Restricted funds Unrestricted funds			18 18		4,111,795 211 488		4,244, 062 ~12723
Total charity funds			19		5 322275		~56

					2021	2020
			Notes	E
Fixed Assets Tangible assets Heritage assets investments			11 12 13		4,125,979 4,125,981		4,265, 621 4,265,623
Current Assets
Stocks Debtors			14	1,500 40,444		1,800 41,093
Cash at bank and in	hand			~293 960 335,904		53 694 96,587
Creditors: amounts year Net Current Assets	falling due within	one	15	L334	664422 381 262 4,427,243	89 606	6 981 4,272, 604
Creditors: amounts than one year Net Assets	falling due after	more	16		46 450 ~4~80 793
The funds of the charity Restricted funds Unrestricted funds Total charity funds			18 18 3		4,111,795 268 998 ~3~80 3		4,244, 062 ~28 542 27 04

					Group 2021		Group 2020	Company 2021	Company 2020
				Notes	E		E
Cash generated in operating		activities		22	~139 657		~57 186	~190244	61 810
Cash Flows from Investing	activities
Interest received						22	4	22		4
Purchase of tangible fixed assets							~20 519	-	~20 519
Cash generated by 7 (utilised		in)				22	~20 515	22	~20 515
Investing activities
Cash Flows from Financing	activities
Repayments of Bank loans in Bank loans received in year		year			~100	000		~50 000
Cash generated by (utilised		in)			~100	000		~50 000
Financing activities
Increase in cash and cash	equivalents				~239	679	36 671	~240 266	41 295
in the year
Cash and cash equivalents beginning of the year	at the				55	131	15460	53 694	12	399
Total Cash and cash equivalents			at the		~294	810	55 131	~293 960	53	694
end ofthe year

All fixed assets are initia	lly record	ed at cost.
Depreciation is provided	at rates	calculated to write off the cost	less residual	value of each
asset over its expected	useful life, as follows:-
Long leasehold land Long leasehold buildings Capitalised professional	fees	Straight line over 124years Straight line over 50 years 100Xin the year of purchase
Computer equipment		33XStraight line
Fixtures, fittings and equipment		10X, 20X and 25X Straight	line
Heritage assets (purchased)		10XStraight line.

operating
p	2021	2020
	E	E
This is stated after charging: Depreciation of tangible assets Auditors' remuneration	141,264 ~75	145,111 ~0

	, undertaken by the charity i
			2021	2020
			E	E
	Gross incoming resources Total expenditure on charitable activities Governance costs Net incoming / (outgoing) resources		618,213 (505,429) ~4595 108,189	422,856 (538,410) ~4595 (120,149)
	Total funds brought forward		4 272 604	4 392 753
	Total funds carried forward		~38~93
	Represented by: Restricted income funds Unrestricted income funds		4,111,795 268 990 4 3380/ 7 3	4,244, 062 28 542 ~20
4	Voluntary income	Restricted	Unrestricted	Total
		Funds	Funds
		2021	2021	2020
	Core Funding St Helens Council Pilkington Group Limited	E	E 203,335 ~60 000 263,335	E 218,833 ~60 000 278,833
	Donations / Grants Coronavirus Job Retention Scheme Friends of The World of Glass	280 28i8	210,027 144,464 617 6	45,860 4,082 800 3 57

incoming r	esources from	activities f	or generating f	unds
				Restricted	Unrestricted	Total
				Funds	Funds
				2021	2021	2020
				E	E	E
Shop Cafe and functions Room hire Hot glass sales					4,780 5,914 48,644 ~2681 ~6019	26, 178 110,249 70,083 25 273 ~383
Incoming	resources from	charitable	activities
				Restricted	Unrestricted	Total
				Funds	Funds
				2021	2021	2020
				E	E	E
Education Admissions	and exhibition receipts	income			1,903 479	3,630 29,919
Other income					2 82

7 Total	Re	sources E	xp	ended
		Basis of aliocation		Admissions	Education And		Shop	Cafe 0 Function	Room Hire	Hot Glass		Gover- nance	2021 Total	2020 Total
					Exhibfts.					Sales
					E		E	E	E	E		E	E
Cost directly
allocated to
activities Goods purchased		Direct					880	3,159					4,039	47,956
for resale Departmental		Direct		862		12					423		1,297	6,389
materials
Staff costs		Dll'act		73,318	11,793		6,132	56,218	2,731	5,108			155,300	187,854
Premises costs Light 0 heat		Floor area Floor area	/	82,198 46,862	3,202 1,420		1,067 6,390	5,337 2,840	11,742 8,520	3,202 4,970			106,748 71,002	98,864 98,249
		direct
Depreciation		Direct		102,295	3,790		1,263	6 317	19 028	3,790			136,483	139,313
Support costs
allocated to
activities Admin 8 finance		Income		42,264		617	4,448	18,732	11,907	4,294			82,262	77,371
staff
Marketing 8		Usage/		2,315		34			292		235		3,445	9,666
advertisfng Licences 0		Income Usage/		4,168		61	197	828	526		424		6,204	4,877
equipment hire Communications		Income Usage/		4,215		62	199	837	532		428		6,273	6, 115
General office		income Income		13,370		195	1,407	5,925	3,767	1,358			26,022	24,116
costs
Legal 0 prof. fees		Income		2,577		101	34		369		101		3,350	5,600
Audit		Usage										7,095	7,095	7,095
Bank charges	I't	Income		892		13	94	396	252		91		1,738	4,345
interest
Taxatlon
Office equipment		Pro rata		~3583		133		221	667		133	-	~4 781	~5 798
depreciation		direct
Totalresources
expended
Totalresources		2020
expended

Employees
Number of employees The average monthly	numbers	of employees	employed	by the group	(including	the executive	director)
during the year were:
						2021	2020
Operational Management and administration						20 4 24	20 4
						2021	2020
						E	E
Wages and salaries Social security costs Other pension costs						225,078 8,130 ~4354 ~362	249,423 11,221 4 581

Tangible fixed assets
	Long Leasehold	Computer Equipment	Fixtures Fittings &	Total
	Property		Equipment
	E	E	E
Group
Cost At 1 April 2020	9,999,220	63,596	4,621,632	14,684,448
Additions
Disposals At 31 March 2021	9 999 220	63 596	4 621 632	14 684 448
Depreciation At 1 April 2020 Charge for the year	5,748,988 134,512	63,596	4,603,676 6,752	10,416,260 141,264
Eliminated on disposals At 31 March 2021	5 883 500	~63 596	4 610428	10 557 524
Net book values At 31 March 2021	41 5720		~11 4	~126 924
At 31 March 2020	4~20 232		17 957	4~68 1 8
Charity
Cost At 1 April 2020	9,999,220	60,408	4,606,964	14,666,592
Additions
Disposals At 31 March 2021	9 999 220	6' 408	4 606 964	14 666 592
Depreciation At 1 April 2020 Charge for the year	5,748,988 134,512	60,408	4,591,575 5,130	10,400,971 139,642
Eliminated on disposals At 31 March 2021	5 853 500	60 408	4 596 705	10 540 613
Net book values At 31 March 2021	4 570
At 31 March 2020			~389	~46

	charity acts only as their c	urator.
13	Fixed Asset investments
	Charity				2021	2020
					E	E
	Subsidiary undertaking
	The charity owns 100Xof is incorporated in England and commercial activities	the ordinary share capital of The World of Glass Enterprises Limited, which and Wales (registration number: 02723960) and which operates the trading of the visitor centre, which include operating the admissions to the visitor
	centre, its shop and cafe,	and the hire of its facilities for	functions	and	conferences.	A summary of
	the trading results and assets and habilities of the subsidiary		company	is	as follows: 2021	2020
					E	E
	Summary profit and loss Turnover	account			59,817	236,429
	Cost of sales				~4039	~47 956
	Gross profit Grants receivable				55,778 55,439	188,473 2.037
	Administrative expenses Net (loss) I profit retained				~152 916 16 9	(~199 058 85 8
	Summary Balance Sheet Rxed assets				945	2,567
	Current assets				14,856	18,428
	Creditors: amounts falling Creditors: amounts falling Share capital and reserves	due within one year due after more than one year			(27,754) ~45 563 57 516	(36,812)

14 Debtors		2021	2020
		E	E
Group Trade debtors Other debtors Prepayments		5,461 2,656 ~19 768 ~7	6,599 2,445 ~18 349 ~3
Charity Trade debtors Amounts owed by subsidiary Other debtors Prepayments	undertaking	155 17,865 2,656 ~19 768 ~404 4	765 21,571 2,445 ~16 312 ~9

beginning of each finan	cial year.
15 Creditors: amounts	falling due within	one year	2021	2020
			E	E
Group Bank loans Trade creditors Other taxes and social Accruals and deferred	security costs income		7,987 18,231 3,726 ~14 587 ~53	30,774 14,019 60 054 1007
Charity Bank loans Trade creditors Other taxes and social Accruals and deferred	security costs income		3,550 16,557 2,621 ~11 914 ~34 2	27,729 5,333 56 544 ~60
16 Creditors: amounts falling due after		more than one year	2021	2020
			E	E
Group Bank loans			92 013 ~92 13
Charity Bank loans			~46 450 ~46 50

) Analysis of unrestricted	fund movements	fund movements	fund movements
				Balance at Incoming Resources			Fund at
				01/04/2020 Resources Expended		31/03/2021
				E E	E		E
Group General fund				~12 23 6 22	83 0		21 80
Company General fund				~85 ~617 11	~74		68 8
b) Analysis of restricted	fund	movements
Group and company				Balance at 01/04/2020 Incoming Resources	Resources Expended	Fund at 31/3/2021
				E E	E		E
Building fund				4,186,012	(132,569)		4,053,443
Chandelier Friends of The World of Glass Rainford Trust Cone Restoration Show Seating Project				8,031 2, 500 21,389 26 130 302 244 062 302	~132 569		8, 333 2, 500 21,389 29 130 1 795
Name of fund Building fund (HLF)			Description, nature and purpose of fund To build the new visitor centre, instaR the displays restore the Cone Building				and
Chandelier Friends of The World of	Glass		To To	restore and install a chandelier gifted to the support and promote The World of Glass		collection
Rainford Trust Cone Restoration			To support The Godfrey PI(idngton Art GaRery To provide funds for the Cone building restoration
Show Seating Project			To provide funds for the Show area seating
Sufficient resources are	held	in an appropriate form to enable each fund			to be applied	in	accordance
with any restrictions.
Analysis of group net assets		between	funds
				Restricted	Unrestricted		Total Funds
				Funds	Funds
				E	E
Fund balances at 31 March 2021 are represented by:
Tangible fixed assets Net current assets/(liabilities) Long term liabilities Total net assets				4,053,443 58,352 +~11 95	73,481 230,012 ~92 013 ~10		4,126,924 288,364 ~92.013 ~43~25

The company
	2021	2020
	E	E
St Helens Council	~203 335	218 833

Reconciliation of net movement	in funds to net	cash flow from	operating a	ctivities
		~Grou	~Grou	~Com an	~Com an
		2021	2020	2021	2020
Net movement in funds Add back Depreciation charge Interest received Deferred Income movement		66,490 141,264 (22) (36,667)	(128,697) 145,111 (4) 36,667	108,189 139,642 (22) (36,667)	(120,149) 143,489 (4) 36,667
Decrease in Stock Increase / (decrease)in Debtors Decrease / (increase)in Creditors		720 (492) (31,636)	1,949 (2,678) 4,838	300 649 (21,847)	200 (2,658) 4,265
Net Cash generated / (utilised) activities	in operating	139,657	57,186	190,244	61,810