||||Page| |---|---|---|---| |Legal and administrative||information|| |Trustees' report|||2-10| |Independent
examiner's||report|| |Statement offinancial||activities|12- 13| |Balance sheet|||14| |Notes to the financial|statements||15-29| ## |Board OfTrustees|Board OfTrustees|Board OfTrustees|Mrs Lesley Saunders - Acting|Mrs Lesley Saunders - Acting|Mrs Lesley Saunders - Acting|Chair|Chair|| |---|---|---|---|---|---|---|---|---| ||||Mrs Denise Amos - Chair||||(Resigned|15February 2022)| ||||Mrs Sheila Wearmouth||||(Resigned|25February 2022)| ||||Mrs Ckaire Rose||||(Resigned|13September 2021)| ||||Mr Gulshan Mangat||||(Resigned|13 September 2021)| ||||Ms Lucy Unger|||||| ||||Mr Samuel Forsyth|||||| ||||Mr James Burgess|||||| ||||Mr Richard Atterton|||||| ||||Ms Claire Woodforde|||||| |Patrons|||Lady Caroline Bowes-Lyon|||||| ||||The Rt Hon The Lord|Cormack|||DLFSA|| ||||The RtHon the Lord Lilley|||||| ||||Mr Andrew Dimsey|||||| ||||Mrs Dot Dimsey|||||| ||||Ricardo Lopez-Portill|y Lancaster Jones||||| ||||DonArmando
Lopez-Portillo|||y|Garcia-Rajas|| ||||Rodrigo-Alonso
Lopez-Portillo||||y Lancaster-Jones|| ||||Francesco-Xavier
Lopez-Portillo||||y Lancaster-Jones|| |President|||Vacant|||||| |VicePresidents|||Miss EHunter|||||| ||||Mrs CIley|||||| |Charity aumber|||1010345|||||| |Company|number||02576495|||||| |Registered||office|41/42 Queen Street|||||| ||||Hitchin|||||| ||||Hertfordshire|||||| ||||SG4 9TS|||||| |Independent||examiner|Mark Hjertzen BAFCA|||||| ||||HW Associates Limited|||||| ||||Portmill House, Portmill||Lane|||| ||||Hitchin|||||| ||||Hertfordshire|||||| ||||SGS 1DJ|||||| |Bankers|||CAF Bank Limited|||||| ||||PO Box289|||||| ||||West Mailing|||||| ||||Kent|||||| ||||ME194TA|||||| ## ## ## ## ## ## ## ## ## ## ## ||Tete|Visitor|Numbers||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |insncial||blic|shool|dults|wit|roup|eats|oom|Hire|utreach|tal| |ar||ening|hildren,|hools||Isltol's|||||| |016/17||978|329|82|||380|13||1399|11069| |017/18||663|845|66|||481|81||1616|12320| |018/19||948|359|26||389|949|||1963|14434| |019/20||1831|113|47||20|33|28||1551|11123| |020/21||1684|||||104||||951| |021/22||451|1419|166|||1457|165||25|113| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Plans forfuture periods|Plans forfuture periods||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||Looking for new revenue streams||||||||||| ||Fund raising opportunities||||||||||| ||Explore new ways to use the Collections and|||Buildings|||||||| |Finance|||||||||||| |~Maintain
scrutiny on financial operations|||||||||||| |~Gain financial
sustainability
by levelling||running|||costs and guaranteed||||income.||| |~|Look at new ventures to enhance the earned|||income||of|the museum.||||| |People|||||||||||| ||Prioritise volunteer
recruitment
for event organising,|||||social media,||collections||snd volunteer|management| |Buildings|||||||||||| ||Draw up annual
maintenance
plans||||||||||| ||Lookfor funding to maintain
the fabric|ofthe buildings|||||||||| ||Obtain a full site condition
survey
to enable|||oversight ofremedial||||works.|||| |Digital|||||||||||| ||Invest in digital innovation
with new in&astructure|||||and|capability||||| ||Increase social media channels
and profile||||||||||| ||Review online booking||||||||||| |Commercial
Trading|||||||||||| ||Re-imagine
the tea-room and museum|shop|||||||||| ||Review the museum
brand||||||||||| ||Create an annual event plan for weekends||and||holidays,||developing||signature|events|| ## ## ## ## ## ## ## ||||Cc|||||||||||||I|O
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E||40||| ||||||||||||C||| ||CO5|||||||||g|||| ## ## ## ## ||Charity information||| |---|---|---|---| ||Hitchin
British
Schools Trust
is a private
company
limited
by guarantee
incorporated
in England
and Wales. The||| ||registered ofiice is 4I/42 Queen Street, Hitchin, Hertfordshire,
SG49TS.||| |1.1|Accounting
convention||| ||The accounts have been prepared
in accordance
with the Trust's
governing
document,
the Companies
Act|2006 and|| ||"Accounting
and Reporting
by Charities:
Statement of Recommended
Practioe applicable
to charities
preparing
their
accounts in accordance
with the Financial Reporting
Standard
applicable
in the UK and Republic ofIreland (FRS 102)"||| ||(as amended
for accounting
periods
commencing
&om 1 January 2016).The Trust is a Public Benefit Entity as defined||| ||by FRS 102.||| ||The Trust has taken advantage ofthe provisions
in the SORP for charities
applying
FRS 102 Update Bulletin|1 not|to| ||prepare a Statement ofCash Flows.||| ||The financial
statements
are prepared
in sterling,
which
is the functional
currency of the Trust. Monetary
amounts||in| ||these financial
statements
are rounded
to the nearest E||| ||The financial
statements
have
been prepared
under
the historical
cost convention.
The principal
accounting|policies|| ||adopted are set out below.||| |12|Going concern||| ||At the time ofapproving
the financial
statements,
the Board ofTrustees have areasonable
expectation that the|Trust has|| ||adequate
resources to continue
in operational
existence for the foreseeable future. Thus the Board ofTrustees continue||to| ||adopt the going concern basis ofaccounting
in preparing
the financial
statements.||| |1.3|Charitable
funds||| ||Unrestricted
funds
are available
for use at the discretion of the Board of Trustees
in furtherance
of their|charitable|| ||objectives.||| ||Restricted funds are subject to specific conditions
by donors
as to how they may be used. The purposes
and uses of||the| ||restricted
funds are set out in the notes to the financial
statements.||| ||Endowment
funds are subject to specific conditions
by donors that the capital must be maintained
by the Trust.||| |1.4|Income||| ||Income is recognised when the Trust is legally entitled
to it afier any performance
conditions
have been met, the amounts||| ||can bemeasured
reliably,
and it is probable that income will be received.||| ||Cash
donations
are recognised
on receipt.
Other
donations
are recognised
once the Trust
hss been notified of||the| ||donation,
unless performance
conditions
require
deferral ofthe amount. Income tax recoverable
in relation to|donations|| ||received under Gift Aid or deeds ofcovenant isrecognised at the time ofthe donation.||| ||Legacies are recognised
on receipt or otherwise ifthe Trust has been notified ofan impending
distribution,
the
known,
and receipt is expected. Ifthe amount is not known, the legacy is treated as a contingent
asset.|amount|is| ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| ||||funds|funds|funds|2022|2021| ||||general|designatedf|||| |Donations|and gills||21,945|||21,945|50,410| |Grants receivable||for core activities|57,429|10,000||67,429|155,951| ||||79,374|10,000||89,374|206,361| |For the year ceded 31March 2021|||204,271||2,090||206,361| ## ## ## ## |3|Charitable|activities|activities|||||| |---|---|---|---|---|---|---|---|---| |||||Museum|and|Museum|and educational|| |||||educational||||programmes| |||||programmes||||| ||||||2022f|||2021| ||Sales within||charitable
activities|27.732||||11,190| ||Performance||related grants|13,007||||| |||||40,739||||11,190| ||Analysis
by|fund||||||| ||Unrestricted||funds - general|27,732||||11,190| ||Restricted funds||||13,007|||| |||||40,739||||11,190| ||For the year||ended 31March 2021|||||| ||Unrestricted||funds - general||11,190|||| ||Performance||related grants|||||| ||||||13,007|||| |4|Other trading activities|||||||| ||||||Unrestricted|||Unrestricted| |||||||funds||funds| |||||||general||general| |||||||2022||2021| ||||||||f|f| ||Fuudraisiug||events and room hire|||13,975||8,978| ||Cafe and shop income|||||4,813||681| ||Other trading||activities|||18,788||9,659| ## ## ## |5|Bank interest|receivable|receivable||| |---|---|---|---|---|---| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||general|general| |||||2022f|2021| ||Interest receivable|||13|45| |6|Fundraising|activities|||| |||||Unrestricted|Unrestricted| |||||funds|funds| |||||general|general| |||||2022|2021| ||||||f| ||Costs offundraising||events and room hire||| ||Catering and|other|costs|3,508|6,553| ||Cafe and shop expenditure||||| ||Purchases for|cafe|and shop|1,714|56| |||||5,222|6,609| ## ## ||||||||Charitable|activities| |---|---|---|---|---|---|---|---|---| |||||Museum
and|Preservation|Maintenance|Total|Total| |||||educational|alltl|ofhistoric|2022|2021| |||||programmes|exhibition
of|buildings||| ||||||collections|||| |||||2022|2022|2022||| |||||f,||||| |Staffcosts||||36,835|10,593||47,428|41,656| |Depreciation|and impairment|||15,523|||15,523|15,746| |Exhibition
and conservation|||costs|68|635||703|901| |Schools programme||costs||5,046|||5,046|1,552| |Repairs and maintenance||||6,056||7,705|13,761|653| |Staff and volunteer||training|and welfare|604|||604|5,990| |Other costs||||791|||791|1,589| |||||64,923|11,228|7,705|83,856|68,087| |Share ofsupport casts (see|||note 8)|22,337|6,793||29,130|23,525| |Share ofgovernance||costs (see note 8)||7,744|2,355||10,099|22,560| |||||95,004|20,376|7,705|123,085|114,172| |Analysis
by|fund|||||||| |Unrestricted|funds|- general||70,447|20,376|6,505|97,328|104,449| |Unrestricted|funds|- designated||6,056|||6,056|| |Restricted funds||||18,501||1,200|19,701|9,723| |||||95,004|20,376|7,705|123,085|114,172| |For the year|ended|31March 2021||||||| |Unrestricted|funds|- general||72,058|28,330|4,061||104,449| |Restricted funds||||9,189||534||9,723| |||||81,247|28,330|4,595||114,172| ## |S|Support costs|||||||| |---|---|---|---|---|---|---|---|---| ||||Support costs|Governance|2022 Support costs||Governance|2021| |||||costs|||casts|| |||||8||||| ||Staffcosts|||7,699|7,699||20,560|20,560| ||Premises running|costs|18,583||18,583|15,819||15,819| ||Communications|and||||||| ||advertising||5,162||5,162|4,113||4,113| ||Book-keeping services by|||||||| ||Independent
Examiner||2,117||2,117|1,697||1,697| ||Other finance, legal and|||||||| ||professional||1,658||1,658|1,633||1,633| ||Office and general||1,610||1,610|263||263| ||Independent
examiner's|||||||| ||remuneration|||2,400|2,400||2,000|2,000| ||||29,130|10,099|39,229|23,525|22,560|46,085| ||Analysed
between|||||||| ||Charitable activities||29,130|10,099|39,229|23,525|22,560|46,085| ## ## ## |The averag|e m|onthly
number ofemployees
during the yea|r was:|| |---|---|---|---|---| ||||2022|2021| ||||Number|Number| |Charitable|activities|||| |Employment||costs|2022|2021| ||||8|| |Wages and|salaries||54,142|61,405| |Other pension||costs|985|811| ||||55,127|62,216| ## |Net gains/(losses)|Net gains/(losses)|on investments||| |---|---|---|---|---| ||||Unrestricted|Total| ||||funds|| ||||general|| ||||2022|2021| ||||8|| |Gain/(loss)|on sale|ofinvestments|(2)|| ## |Tangible fixed assets|Tangible fixed assets|||||| |---|---|---|---|---|---|---| ||||Land and|Building|Fixtures,|Total| ||||bugdinga|renovation g|fittings 8|| |||||restoration|estulprnent|| |||||f||| |Cost||||||| |At I April 2021|||180,000|127,896|165,485|473,381| |Additions|||||1,100|1,100| |At 31March|2022||180,000|127,896|166,585|474,481| |Depreciation|and impairment|||||| |At 1April 2021|||31,200|44,729|107,063|182,992| |Depreciation|charged|in the year|1,200|2,558|11,765|15,523| |At 31 March|2022||32,400|47,287|118,828|198,515| |Carrying
amount||||||| |At 31March|2022||147,600|80,609|47,757|275,966| |At 31March|2021||148,800|83,167|58,423|290,390| |Cost orvaluation| |---| |At 1April 2021 k, 31March 2022| |Carrying
amount| |At 31March 2022| |At 31March 2021| ## |14|Fixed asset investments||||(Continued)| |---|---|---|---|---|---| ||Other investments
comprise:||Notes|2022f|2021| ||Investments
in subsidiaries||24||| |15|Stocks||||| |||||2022|2021| |||||g|| ||Finished goods and goods for|resale||4,689|4,703| |16|Debtors||||| ||Amounts
falling due within|one year:||2022f|2021
K| ||Trade debtors|||4,145|310| ||Other debtors|||246|7,399| ||Prepayments
and accrued income|||9,277|| |||||13,668|7,709| |17|Creditors: amounts
falling due within oae year||||| |||||2022|2021| |||||f|| ||Other taxation and social security|||750|706| ||Trade creditors|||3,292|217| ||Accruals and defened income|||4,200|3,800| |||||8,242|4,723| ## ## ## ## ## |19|Restricted|funds|funds|||||(Continued)| |---|---|---|---|---|---|---|---|---| |||||Balance at|Incoming|Resources|Transfem|Balance at| |||||1April 2021|resources|expended||31 March 2022| ||||||8||f|6| ||Collections|||3,221||||3,221| ||Internship|||100||||100| ||Compass grant||||1,000|(1,000)||| ||Computer
dt telephone|||2,487||(577)||1,910| ||Fixed asset|rederv e||71,099||(11,517)||59,582| ||lntership|||1,671|||(1,671)|| ||Computers|and telephone||1,697|||(1,697)|| ||Small items|||4,860|||(4,860)|| ||Hertfordshire||literacy|551|||(55I)|| ||Other costs|||1,190|||(1,190)|| ||Keeping Your||Trustees on Track||900|||900| ||Playground||||385|(385)||| ||Apprentice|salary - Kickstart|||5,021|(5,021)||| ||Tearoom relaunch||||4,500|||4,500| ||Museum
lightning||||1,200|(1,200)||| |||||86,876|13,006|(19,700)|(9,969)|70,213| ## |19|Restricted
funds||||||||||||||||||(Continued)|(Continued)| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Collections Fund|||||||||||||||||||| ||This fund represents
various
donations
which
have enabled||||the||purchase|||of conservation|||||materials|||and cataloguing||| ||facilities forthe collections.|||||||||||||||||||| ||Computer
rtr Telephone
Fund|||||||||||||||||||| ||This fund
represents
donations
and
grants
to enable|the||Trust||||to upgrade|||its|computers|||and||telephone|||systems.| ||Permission was obtained to de-restrict and release to general|||fund.||||||||||||||||| ||Arts Council England Culture Recovery Funding|||||||||||||||||||| ||This fund represents
grants to fund an intern
to assist|the|Curator|||||with the||collection. Permission|||||||was||obtained to de-|| ||restrict and release to general fund.|||||||||||||||||||| ||Small items|||||||||||||||||||| ||This fund represents
anumber ofsmall grants and donations|||for||a|variety ofpurposes.|||||||||||||| ||Association ofIndependent
IVIuseums|||||||||||||||||||| ||This fund represents
grants I'rom the Association ofIndependent|||||Musenins|||BiffaHistory Makers|||||||scheme.||||| ||Fixed asset reserve|||||||||||||||||||| ||This fund holds the net book value ofassets purchased|using||restricted capital|||||||funds.|||||||||| ||Keeping Your Trustees On Track|||||||||||||||||||| ||This fund represents
grants to support the trustee board|development||||||and transition||||work.||||||||| ||Heritage
Compass
This fund represents
grant to fund the development|of|essential|||||skills|in|business|||planning,|||audience|||development,|| ||leadership
and
change
management,
with
the aim of creating||||||a|better||connected,|||informed|||and||resilient||heritage| ||landscape
across England.|||||||||||||||||||| ||Bringing Laughter BacktoPlayground|||||||||||||||||||| ||This fund represents
a grant
to increase
the interpretation|||ofthe||||playground|||to|include||introducing|||||a new|schools'| ||session where they leam about and play traditional
games.|||||||||||||||||||| ||Kickstart Scheme|||||||||||||||||||| ||This fund from DWP represents
grants
help to provide||six|months ofpaid|||||||employment|||for||young||people||including| ||employability
support to develop their work skills and to help them|||||||find future|||employment.|||||||||| ||STOS|||||||||||||||||||| ||This fund represents
funding
for social enterprise.|||||||||||||||||||| ||SHARE-TowardNet
Zero Carbon- (Lighting)|||||||||||||||||||| ||This fund represents
grant for lighting.|||||||||||||||||||| ||Het tfordshire Literacy|||||||||||||||||||| ||This fund represents
agrant to cover core costs over the Covid||||19||lockdown.|||||||||||||| ||Other items|||||||||||||||||||| ||This fund represents
small grants for variety ofpurposes|||||||||||||||||||| ## ## ## ## ## ||||||2022f|2021
f| |---|---|---|---|---|---|---| ||Within one year||||1,325|1,325| ||Between two and Ave years||||994|2,320| ||||||2,319|3,645| |23|Related party transactions|||||| ||Remuneration|ofkey management|personnel|||| ||The remuneration|ofkey management|personnel|is as follows.||| ||||||2022|2021| ||||||f|I| ||Aggregate
compensation||||17,386|10,739| ##