##
|Reference and Adntinistrative|Details|||
|---|---|---|---|
|Trustees' Report|||2 to 7|
|Independent
Auditors'
Report|||sto 10|
|Consolidated
Statement ofFinancial||Activities||
|Consolidated
Balance Sheet|||12|
|Balance Sheet|||13|
|Consolidated
Statement ofCash Flows|||14|
|Statement ofCash Flows||||
|Notes to the Financial
Statements|||16to 31|
|||The|World ofGlass (St|World ofGlass (St|Helens)|Helens)|Limited|Limited|
|---|---|---|---|---|---|---|---|---|
|||Reference and Administrative|||||Details||
|Chairman|||R C Hepworth|MBE|||||
|Executive|Director||P M Frost||||||
|Directors|and Trustees||A K Pilkington||||||
||||R C Hepivorth||||||
||||D JBricknell||||||
||||P S Cousins||||||
||||TM Wilcock||||||
||||S G Lingard||||||
||||K Crooks (appointed||13December 2022)||||
||||SEMurphy
(appointed|||17May|2023)||
||||SL Williamson|(ceased 28 November||||2023)|
||||JFTabern (ceased 13|||November|2023)||
||||TMawson
(appointed|||3 August|2022)||
||||A Burns (ceased 28 February 2023)||||||
|Secretary|||R I Tully||||||
|Charity Registration||Number|1006990||||||
|Compmiy|Registration|Number|02592450||||||
|Registered|Office||Chalon Way East||||||
||||St Helens||||||
||||Merseyside||||||
||||WAIO 1BX||||||
|Auditor|||Abmnis
Ashton|Ltd|||||
||||7 Waterside Court||||||
||||St.Helens||||||
||||Merseyside||||||
||||WA9 tUA||||||
|Solicitors|||Addleshaiv
Goddard||||||
||||100Barbirolli|Square|||||
||||Manchester||||||
||||M2 3AB||||||
|Bankers|||NatWest Bank|Pic|||||
||||5 Oimskirk
Street||||||
||||StHelens||||||
||||WAto 1DR||||||
##
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##
|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Restricted|Total|
||||Note|General
f|fundsf|2023
f.|
|Income and Endowments||fronu|||||
|Grants and donations||||238,418|642,465|880,883|
|Charitable
activities||||31,636||31,636|
|Other trading
activities||||227,239||227,239|
|Investment
income|||||53|53|
|Total Income||||497,293|642,518|1,139,811|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||6
7|(244,704)
~333,310|(25,621)
~706,948|(270,325)
~440,238|
|Total Expenditure||||(578,014)|(132,569)|(710,583)|
|Net (expenditure)/income||||~(00,72(|309,949|429,228|
|Net movement
in funds||||(80,721)|509,949|429,228|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||149,284|3,981,767|4,131,051|
|Total funds carried forivard|||21|68,563|4,491,716|4,560,279|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|2022|
||||Note|f|||
|Income mid Endowments||from:|||||
|Grants and donations||||303,780|2,530|306,310|
|Charitable
activities||||24,173||24,173|
|Other trading
activities||||221,285||221,285|
|Investment
income||||||ll|
|Total Incoine||||549,238|2,541|551,779|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities|||6
7|(248,170)
~(363.264|(25,588)
(106,981)|(273,758)
(470,245)|
|Total Expenditure||||(611,434)|(132,569)|(744,003)|
|Net expenditure||||~(62, 196|~(13tl028|~(92.2243|
|Net niovement
in funds||||(62,196)|(130,028)|(192,224)|
|Reconciliation
offunds|||||||
|Total fiuids brought|foovard|||211,480|4,111,795|4,323,275|
|Total funds carried fo(ward|||21|149,284|3,981,767|4,131,051|
##
##
||||Consolidated|Balance Sheet as|at 31M|arch 2023||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||Note|||
|Fixed assets||||||||
|Tangible
assets|||||13|4,353,407|4,024,896|
|Heritage assets|||||14|||
|||||||4,353,407|4,024,896|
|Current
assets||||||||
|Stocks|||||16|10,992|11,350|
|Debtors|||||17|27,093|32,747|
|Cash at bank|and in hand||||18|384,143|200,476|
|||||||422,228|244,573|
|Creditors: Amounts||falling due ivithin||one year|37|~(362,623|~(66,266|
|Net current|assets|||||259,605|178,317|
|Total assets less current
liabilities
Creditors: Amounts
falling due after||||more than one year|2ll|4,613,012
~32,733|4,203,213
~72, 362|
|Net assets||||||4,560,279|4,131,051|
|Funds ofthe|group:|||||||
|Restricted income funds||||||||
|Restricted
fimds|||||21|4,491,716|3,981,767|
|Unrestricted|income|funds||||||
|Unrestricted|funds||||21|68,563|149,284|
|Total funds||||||4,560,279|4,131,051|
##
##
|||Bala|nce Sheet as at 31|March 20|23||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note||f.|
|Fixed assets|||||||
|Tangible assets||||13|4,351,195|4,024,896|
|Heritage assets||||14|||
|Investments||||15|||
||||||4,351,197|4,024,898|
|Cun ent assets|||||||
|Stocks||||16|2,990|3,000|
|Debtors||||17|39,816|43,402|
|Cash at bank|and in hand|||18|383,121|199,616|
||||||425,927|246,018|
|Creditors: Amounts||falling due within|one year|19|~137,295)|~(Stl,126|
|Net current|assets||||288,632|195,892|
|Total assets less current liabilities
Creditors: Amounts
falling due after|||more than one year|29|4,639,829
~26 753|4,220,790
~.36.484|
|Net assets|||||4,613,076|4,184,306|
|Funds ofthe|charity:||||||
|Restricted income funds|||||||
|Restricted funds||||21|4,491,716|3,981,767|
|Unrestricted|income|funds|||||
|Unrestricted|funds|||21|121,360|202,539|
|Total funds|||||4,613,076|4,184,306|
##
##
|||Note|2023f|2022f|
|---|---|---|---|---|
|Cash flows front operating
activities|||||
|Net cash income/(expenditure)|||429,228|(192,224)|
|Adjustments
to cash flows from non-cash|itenis||||
|Depreciation|||152,142|153,913|
|Investment
income|||(533||
||||581,317|(38,322)|
|Working
capital adjustments|||||
|Decrease/(increase)
in stocks||16|358|(1,150)|
|Decrease/(increase)
in debtors||17|5,654|(4,862)|
|Increase in creditors||19|96,234|10,516|
|Net cash flows fi'om operating
activities|||683,563|33,818|
|Cash ilows from investing
activities|||||
|Interest receivable
and similar
income
Purchase oftangible
fixed assets||5
13|53
(6811,6533|ll
~5(,885|
|Net cash flows from investing
activities|||(480,600)|(51,874)|
|Cash flows front financing
activities
Repayment
ofloans and borrowings||19 29|~((9,296|8,642|
|Net increase/(decrease)
in cash and cash equivalents|||183,667|(94,334)|
|Cash and cash equivalents
at I April||18|200,476|294,810|
|Cash and cash equivalents
at 31March||18|384,143|200,476|
##
##
|Statement ofCash F|lows for the|Year Ended|31March 2023||
|---|---|---|---|---|
||||2023|2022|
|||Note|||
|Cash flows from operating
activities|||||
|Net cash incoine/(expenditure)|||428,770|(196,487)|
|Adjustments
to cash floivs from non-cash
Depreciation
Investlileilt
illcollle|items|5|151,404
~53|152,968|
||||580,121|(43,530)|
|Working capital adjustments|||||
|Decrease/(increase)
in stocks||16|10|(1,500)|
|Decrease/(increase)
in debtors||17|3,586|(2,958)|
|Increase in creditors
Net cash flows fiom operating
activities||19|87,086
670,803|9,436
~37,552)|
|Cash flows from investing
activities|||||
|Interest receivable
and similar income
Purchase oftangible
fixed assets||5
)3|53
~477,703|ll
~(51,N5|
|Net cash flows from investing
activities|||(477,650)|(51,874)|
|Cash flows from financing
activities
Repayment
ofloans and borrowings||19,20|(9,645)|~(3,933|
|Net increase/(decrease)
in cash and cash equivalents|||183,505|(94,344)|
|Cash and cash equivalents
at I April|||199,616|293,960|
|Cash and cash equivalents
at 31 March||18|383,121|199,616|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2|Inconie|from grants, do|nations
an|d legacies|||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|||||
|||||funds||Restricted|Total|Total|
|||||General||fundsf|2023f|2022
f|
|Donations
and legacies;|||||||||
||Donations|from individuals||33,730|||33,730|22,000|
||Friends ofthe irVorld ofGlass|||||4,465|4,465|2,530|
|Grants, including
capital grants;|||||||||
||StHelens|Council Core funding||200,000|||200,000|200,000|
||Pilkington|Group Limited|Core||||||
||Funding|||||||30,000|
||StHelens|Council Neiv Toivn|||||||
||Deal|||||488,050|488,050||
||Rainford|Trust Godfrey|||||||
||Pilkington|Galleiy||||149,950|149,950||
||Other grants|||4,688|||4,688|51,780|
|||||238,418||642,465|880,883|306,310|
|3|Income|from charitable|activities|(operations|as a visitor centre)||||
|||||||Unrestricted|||
|||||||funds|Total|Total|
|||||||General|2023|2022|
||Admissions|||||26,494|26,494|20,680|
||Education|tk exhibitions||||5,142|5,142|3,493|
|||||||31,636|31,636|24,173|
##
##
##
|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Total|Total|
|||||General|2023f|2022|
|Room hire||||69,549|69,549|54,992|
|Hot|glass sales|||38,230|38,230|32,134|
|Cafe &functions||||80,131|80,131|82,386|
|Car|park income|||17,957|17,957|7,454|
|Shop sales||||17,630|17,630|25,980|
|Insurance||claim||3,742|3,742|18,339|
|||||227,239|227,239|221,285|
|5|Investment||income||||
|||||Restricted|Total|Total|
|||||funds|2023f|2022|
|Bank interest||||53|53||
##
##
|Costs|oft|rad|ing activities||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||||
||||||funds|Restricted|Total|Total|
|||||Note|General|fundsf|2023|2022|
|Costs ofgoods sold|||||41,575||41,575|36,320|
|Staff costs|||||84,301||84,301|80,470|
|Premises costs|||||15,174||15,174|23,462|
|Light &heat|||||32,558||32,558|33,110|
|Depreciation,||amoitisation|||||||
|and other similar|||costs||7,584|25,621|33,205|31,959|
|Allocated|support costs|||8|63,512||63,512|68,437|
||||||244,704|25,621|270,325|273,758|
|7
Expenditure|||on charitable|activities|||||
||||||Unrestricted||||
||||||funds|Restricted|Total|Total|
||||||General|fun&is|2023|2022|
|Admissions|||||215,693|103,132|318,825|351,962|
|Education|&|exhibitions|||21,026|3,816|24,842|15,404|
|Allocated|suppott costs||||88,641||88,641|94,929|
|Governance|||||7,950||7,950|7,950|
||||||333,310|106,948|440,258|470,245|
##
##
##
|Costs oftrad/|ng ac/iv|i/ie|s||||||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|||
|||||||funds|Total|Total|
|||||Basis ofallocation||General|2023
f.|2022f|
|Wages and salaries||||Income||35,322|35,322|43,005|
|Marketing &|advertising|||Usagi'/|lncolnc|1,741|1,741|1,295|
|Licences & equipnient|||hire|Usage/|income|3,685|3,685|2,049|
|Conununications||||Usage/|income|2,518|2,518|2,779|
|General office costs||||Income||14,441|14,441|14,850|
|Legal &professional||fees||Incolnc||1,421|1,421|932|
|Bank charges|&interest|||laconic||3,211|3,211|2,268|
|Depreciation||||Pro rata|direct|1,173|1,173|1,259|
|||||||63,512|63,512|68,437|
|C/tat irab/e
ae//vi/ies||expend//nre|||||||
|||||||Unrestricted|||
|||||||funds|Total|Total|
|||||Basis ofallocation||General
f.|2023|2022f|
|Administmtion|&.finance staff|||Illcolnc||42,892|42,892|55,100|
|ivlarketing
&|advertising|||Usage/|imcolne|3,731|3,731|2,775|
|Licences &equipment|||hire|Usage/|income|7,896|7,896|4,390|
|Colninunicatlolls||||Usage/|income|5,393|5,393|5,952|
|General expenses (inc insurance)||||Income||15,722|15,722|16,171|
|Legal &professional||fees||Income||5,679|5,679|3,718|
|Bank charges|&interest|||Iilconlc||3,495|3,495|2,472|
|Depreciation||||Pro rata|direct|3,833|3,833|4,351|
|||||||88,641|88,641|94,929|
|Governance|costs||||||||
||||||||Unrestricted||
||||||||funds|Total|
||||||||General|2023|
||||||||f.||
|Audit fees|||||||||
|Audit ofthe financial|||statements||||7,950|7,950|
||||||||7,950|7,950|
##
##
|9
Net incoming/outgoing
resources
Net incoming/(outgoing)
resources for the year include:|||
|---|---|---|
||2023f|2022|
|Audit fees|7,950|7,950|
|Depreciation offixed assets|152,142|151,404|
##
##
|group during|the|year expressed
as full time equivalents
|was as follows:||||
|---|---|---|---|---|---|---|
||||2023||2022||
||||No||No||
|Operational||||15||19|
|Management|and|adniinistration||3||4|
|||||18||23|
##
##
##
##
##
|Group||||||
|---|---|---|---|---|---|
|||Furniture,||||
||Long leasehold|llttings and|Co inp|uter||
||propetty|equipment
8|equipment
f||Total|
|Cost||||||
|At
I April 2022|9,999,220|4,669,267|67,846||14,736,333|
|Additions||479,804||849|480,653|
|At 31March 2023|9,999,220|5,149,071|68,695||15,216,986|
|Depreciation||||||
|At
I April 2022|6,018,012|4,628,4 I2|65,013||10,711,437|
|Charge for the year|134,512|15,930||1,700|152,142|
|At 31 March 2023|6,152,524|4,644,342|66,713||10,863,579|
|Net book value||||||
|At 31 March 2023|3,846,696|504,729||1,982|4,353,407|
|At 31 March 2022|3,981,208|40,855||2,833|4,024,896|
|Ctmiriry||||||
|||Furniture,||||
||Long leasehold|fittings and|Computer|||
||property|equipnient
f|equipment||Totalf|
|Cost||||||
|At
I April 2022|9,999,220|4,654,598||64,658|14,718,476|
|Additions||476,854||850|477,704|
|At 31 March 2023|9,999,220|5,131,452||65,508|15,196,180|
|Depreciation||||||
|At I April 2022|6,018,012|4,613,744||61,825|10,693,581|
|Charge for the year|134,512|15,192||1,700|151,404|
|At 31 Marcli 2023|6,152,524|4,628,936||63,525|10,844,985|
|Net book value||||||
|At 31 March 2023|3,846,696|502,516||1,983|4,351,195|
|At 31 Mm'ch 2022|3,981,208|40,855||2,833|4,024,896|
##
|Group rmd charity|||
|---|---|---|
||Chandalier|Total|
|Cost|||
|At
1 April 2022|79,344|79,344|
|At 31March 2023|79,344|79,344|
|Depreciation|||
|At
1 April 2022|79,344|79,344|
|At 31 March 2023|79,344|79,344|
|Net book value|||
|At 31 March 2023|||
|At 31 March 2022|||
##
##
##
##
##
##
|||Country|of||Proportion|ofvoting rights|Principal|
|---|---|---|---|---|---|---|---|
|Undettaking||incorporation||Holding|aud shares|held|activity|
||||||2023|2022||
|Subsidiary|undertakings|||||||
|The World ofGlass
Enterprises
Limited||England|and Wales|Ordinaiy|100%|100%|Museum
activities|
##
|16 Stock||||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2023|2022|2023|2022|
|Stocks||10,992|11,350|2,990|3,000|
|17 Debtors||||||
|||Group||Charity||
|||2023
f|2022
f|2023|2022
g|
|Trade debtors||7,150|9,017||1,165|
|Due fiom group undertakings||||20,073|18,937|
|Prepayments|and accnied income|16,054|20,132|15,854|19,702|
|Other debtors||3,889|3,598|3,889|3,598|
|||27,093|32,747|39,816|43,402|
##
##
||||Group||Charity||
|---|---|---|---|---|---|---|
||||2023|2022|2023f|2022|
|Cash|on|hand|564|583|90|109|
|Cash|at|bank|383,579|199,893|383,031|199,507|
||||384,143|200,476|383,121|199,616|
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|Bank loans||||19,329|19,196|9,681|9,598|
|Trade creditors||||92,973|23,598|90,016|22,191|
|Other taxation|and social||security|12,118|4,857|2,853|2,645|
|Acctuals
and defemed||income||38,203|18,605|34,745|15,692|
|||||162,623|66,256|137,295|50,126|
|20 Creditors:|amounts||falling due after one year|||||
|||||Group||Charity||
|||||2023f|2022|2023|2022|
|Bank loans||||52,733|72,162|26,753|36,484|
##
##
|Group|||||||
|---|---|---|---|---|---|---|
||||Balance at I|Incoming|Resources|Balance at 31|
||||April 2022|resources|expended|March 2023|
|Unrestricted
funds|||||||
|General|||||||
|General Funds|||149,284|498,429|(579,150)|68,563|
|Restricted funds|||||||
|Building
Fund|||3,920,874||(132,569)|3,788,305|
|Friends ofthe|World ofGlass||10,874|4,518||15,392|
|Rainford Tmst|||2,500|||2,500|
|Cone Restoration|||21,389|||21,389|
|Show Seating|Project||26,130|||26,130|
|Re-imagining|Project|||488,050||488,050|
|Godfrey Pilkington||Gallety||149,950||149,950|
||||3,981,767|642,518|(132,569)|4,491,716|
|Total funds|||4,131,055|1,340,947|~751,719|4,5611,279|
||||Balance at I|Incoming|Resources|Balance at 31|
||||April 2021|resources|expended|March 2022|
||||E||||
|Unrestricted
funds|||||||
|General|||211,480|549,238|(611,434)|149,284|
|Restricted funds|||4,111,795|2,541|(132,569)|3,981,767|
|Total funds|||4,323,275|551,779|~744,003|4,131,051|
##
|CI6nrily||||||||
|---|---|---|---|---|---|---|---|
|||||Balance at I|Incoming|Resources|Balance at 31|
|||||April 2022|resources|expended|March 2023|
|Unrestricted
funds||||||||
|General||||||||
|General|Funds|||202,539|339,668|(420,847)|121,360|
|Restricted|funds|||||||
|Building|Fund|||3,920,874||(132,569)|3,788,305|
|Friends|ofthe|World ofGlass||10,874|4,518||15,392|
|Rainford|Trust|||2,500|||2,500|
|Cone Restoration||||21,389|||21,389|
|Show Seating||Project||26,130|||26,130|
|Re-imagining||Project|||488,050||488,050|
|Godfrey|Pilkington||Gallety||149,950||149,950|
|||||3,981,767|642,538|~132,569|4,491,716|
|Total funds||||4,184,306|982,186|(553,416)|4,613,076|
|||||Balance at I|Incoming|Resources|Balance at 31|
|||||April 2021|resources
f|expended|March 2022
f|
|Unrestricted
funds||||||||
|General||||268,998|385,318|(451,777)|202,539|
|Restricted|funds|||4,111,795|2,543|~432.569|3,981,767|
|Total funds||||4,380,793|387,859|~5584, 346|4,184,3136|
##
|Group||||||
|---|---|---|---|---|---|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General
f|funds|2023f|
|Tangible|fixed|assets|115,455|4,237,952|4,353,407|
|Current|assets||168,464|253,764|422,228|
|Current
Creditors|liabilities
over
1 year||(162,623)
~52.7333||(162,623)
~652,733|
|Total net assets|||68,563|4,491,716|4,560,279|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|fundsf|2022|
|Tangible|fixed|assets|104,022|3,920,874|4,024,896|
|Cunent|assets||183,681|60,893|244,574|
|Current
Creditors|liabilities
over
1 year||(66,257)
(72,162)||(66,257)
~72, 162|
|Total net assets|||149,284|3,981,767|4,131,051|
##
|Cfliir(IJ'||||||
|---|---|---|---|---|---|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|fundsf|2023f|
|Tangible|fixed|assets|113,243|4,237,952|4,351,195|
|Fixed asset investments|||2||2|
|Current|assets||172,163|253,764|425,927|
|Cunent
Creditors|liabilities
over
1 year||(137,295)
~26,753||(137,295)
~26,753|
|Total net assets|||121,360|4,491,716|4,613,076|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|funds|2022|
|Tangible|fixed|assets|104,022|3,920,874|4,024,896|
|Fixed asset investments|||2||2|
|Cunent|assets||185,125|60,893|246,018|
|Current
Creditors|liabilities
over
1 year||(50,126)
~36,454||(50,126)
~36,4543|
|Total net assets|||202,539|3,981,767|4,184,306|
##