2022-12-31-accounts - The Merchant's House (Marlborough) Trust

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Report of	the Trustees			1 to	5
Report of	the Independent Auditors			6 to	8
Statement	of Financial	Activities
Statement	of Financial	Position		10
Notes to the Financial		Statements		11 to	20
Detailed Statement of		Financial	Activities	21 to	22

						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds 6	funds I	funds F.	funds E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				10,745	18,000	28,745	47,238
Charitable activities
Grants Miscellaneous income				4,000 6,490		4,000 6,490	14,143 2, 500
Other trading activities Investment income				12,701 42,617		12,701 42,617	62,947 43,271
Total				76,553	18,000	94,553	170,099
EXPENDITURE ON
Fundraising and event costs				2,637		2,637	2,268
Charitable activities
House restoration, purchase and education	of furnishings,			124,172	3,806	127,978	170,218
Total				126,809	3,806	130,615	172,486
NET INCOME/(EXPENDITURE)				(50,256)	14,194	(36,062)	(2,387)
RECONCILIATION OF FUNDS
Total funds brought forward				732,356	55,390	787,746	790,133
TOTAL FUNDS CARRIED FORWARD				682,100	69,584	751,684	787,746

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	6	E	E	E
FIXEDASSETS
Tangible assets Investments				9 10	521,761 20,010	46,551	568,312 20,010	578,392 20,010
					541,771	46,551	588,322	598,402
CURRENT ASSETS
Debtors Cash at bank and		in hand		11	8,499 164,810	23,031	8,499 187,841	28,311 172,144
					173~309	23~031	196,340	200,455
CREDITORS
Amounts falling	due within		one year	12	(32,978)		(32,978)	(11,111)
NET CURRENT	ASSETS				140~331	23g031	163,362	189,344
TOTAL ASSETS		LESS CURRENT
LIABILITIES					682/ 102	69~582	751r684	787 746
NET ASSETS					682'102	69~582	751684	787 746
FUNDS				13
Unrestricted funds:
General fund							44,615	94,869
Designated fund							637,487	637,487
							682,102	732,356
Restricted funds							69,582	55,390
TOTAL FUNDS							751,684	787,746

OTHER TR	ADING ACTIVITIES
		2022	2021
		E	E
Fundraising Admission	events fees	8,182 4,519	6,211 1,469
Gift ofshop profits			55,267
		12,701	62,947

INVESTMENT INCOME
		2022	2021
		E	E
Property rental income Deposit account interest		42,585 32	43,252 19
		42,617	43,271
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		2022 E	2021 I
Auditors' remuneration Depreciation —owned assets		2,000 12,177	2,000 25,177

The average m	onthly n	umber of em	ployees during the year was as	follows:
				2022	2021
Trust Manager	tk Administrators			4	3
No employees	received	emoluments	in excess of E60,000.

	COMPARATIVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
				E	E	E
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			34,957	12,281	47,238
	Charitable activities
	Grants			14,143		14,143
	Miscellaneous income			2,500		2,600
	Other trading activities			62,947		62,947
	Investment income			43,271		43,271
	Total			157,818	12,281	170,099
	EXPENDITURE ON
	Fundraising and event costs			2,268		2,268
	Charitable activities
	House restoration, purchase	of
	furnishings, and education			160,278	9,940	170,218
	Total			162,546	9,940	172,486
	NET INCOME/(EXPENDITURE)			(4,728)	2,341	(2,387)
	RECONCILIATION OF FUNDS
	Total funds brought forward			737,084	53,049	790,133
	TOTAL FUNDS CARRIED FORWARD			732,356	55,390	787,746
9.	TANGIBLE FIXED ASSETS
				Freehold	Museum	Leasehold
				property	equipment	improv'nts
				E.	E	E
	COST
	At 1st January 2022			517,157	55,115	748,577
	Additions
	At 31st December 2022			517,157	55,115	748,577
	DEPRECIATION
	At 1st January 2022				14,700	748,577
	Charge for year				3c675
	At 31st December 2022				18,375	748,577
	NET BOOK VALUE
	At 31st December 2022			517,157	36,740
	At 31st December 2021			617,157	40,415

TANGIBLE FIXED ASSETS - continued
		Office tk
	Antiques	computer
	8i paintings	equipment	Totals
	E	E	E
COST
At 1st January 2022	255,824	29,200	1,605,873
Additions	1,003	1,094	2,097
At 31st December 2022	256,827	30,294	1,607,970
DEPRECIATION
At 1stjanuary 2022 Charge for year	235,997 7,876	28,207 626	1,027,481 12,177
At 31st December 2022	243,873	28,833	1,039,658
NET BOOK VALUE
At 31st December 2022	12,954	1,461	568i312
At 31st December 2021	19,827	993	578,392
FIXED ASSET INVESTMENTS
			Shares in
			gloup
			undertakings
			E
COST
At 1st January 2022 and 31st December 2022			20,010
NET BOOK VALUE
At 31st December 2022			20,010
At 31st December 2021			20,010

Nature of	business	: Gift shop
			~!0
Class of share:			holding
Ordinary			100
				f	2022	E	2021
Aggregate	capital	and reserves		70,775		24,	520

DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS		FALLING DUE WITHIN	FALLING DUE WITHIN	ONE YEAR
							2022	2021
							F.	E
Amounts owed by group Prepayments and accrued					undertakings income		8,499	26,821 1,490
							8,499	28,311
CREDITORS:		AMOUNTS			FALLING DUE WITHIN	ONE YEAR
							2022	202i
							E	E
Amounts	owed	to group		undertakings			21,005
Other creditors								700
Accruals	and deferred		income				11,973	10,411
							32,978	11,111

In expectation of the Merchant's	In expectation of the Merchant's	House Trading	House Trading	(Marlborough) Limited	(Marlborough) Limited	(Marlborough) Limited	(Marlborough) Limited	donation of	profits, which	profits, which
happened after the balance	sheet	date, E50,000		was	transferred in December 2022				and	therefore
is the reason at 31 December 2022 the intercompany					is	a	creditor balance. At the date			of signing,
this has now been cleared	by the	donation	being	formalised.
MOVEMENT IN FUNDS
								Net
								movement		At
							At 1.1.22	in funds	31.12.22
							E	E
Unrestricted funds
General fund Designated fund						94,869 637,487		(50,254)	44,615 637,487
Restricted funds						732,356		(50,254)	682,102
Antique collections Museum Marlborough drawings Education Town signs Museum MTC Modes Database							353 45,868 1,554 1,375 875 3,881 640	(1,033) (286) 781		353 44,835 1,554 1,375 875 3,595 1,421
Marketing 8i Promotion Roof Conservation							844	14,000 730		844 14,000 730
							55,390	14,192		69,582
TOTAL FUNDS						787,746		(36~062)	751J684

Net movement in funds, include	d in the ab	ove are as foll	ows:
			Incoming	Resources	Movement
			resources f	expended f	in funds f
Unrestricted funds
General fund			76,553	(126,807)	(50,254)
Restricted funds
Audit fee Museum Museum MTC Modes Database Roof			2,000 1,000 14,000	(2,000) (1,033) (286) (219)	(1,033) (286) 781 14,000
Conservation			1,000	(270)	730
			18,000	(3,808)	14,192
TOTAL FUNDS			94~553	(130615)	(36~062)
Comparatives for movement	in funds
			Net	Transfers
			movement	between	At
		At 1.1.21	in funds f	funds f	31.12.21 f
Unrestricted funds
General fund Designated fund		94,251 642,833	(4,728)	5,346 (5,346)	94,869 637,487
		737,084	(4,728)		732,356
Restricted funds
Antique collections Museum Marlborough drawings Education Town signs Museum MTC		500 46,901 1,554 1,375 1,719 1,000	(147) (1,033) 2,881	(844)	353 45,868 1,554 1,375 875 3,881
Modes Database			640		640
Marketing 6 Promotion				844	844
		53,049	2,341		55,390
TOTAL FUNDS		790,133	(2,387)		787,746

Compar	ative	net movement in funds, in	cluded in the above are as follo	ws:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted		funds
General	fund		157,818	(162,546)	(4,728)
Restricted funds
Antique	collections			(147)	(147)
Audit fee			2,000	(2,000)
Museum Museum	MTC		2,881	(1,033)	(1 033) 2,881
Window			3,875	(3,875)
Sundial			2,225	(2,225)
Modes	Database		1,300	(660)	640
			12,281	(9,940)	2,341
TOTAL	FUNDS		170,099	(172,486)	(2,387)

A current yea	r 12 months and pri	or year 12 months com	bined position	is as follows:	is as follows:
			Net	Transfers
			movement	between		At
		At 1.1.21	in funds	funds		31.12.22
		E	E	E		E
Unrestricted	funds
General fund		94,251	(54,982)	5,346		44,615
Designated fund		642,833		(5,346)		637,487
Restricted funds		737,084	(54,982)			682,102
Antique collections		500	(147)			353
Museum Marlborough	drawings	46,901 1,554	(2,066)			44,835 1,554
Education		1,375				1,375
Town signs		1,719		(844)		875
Museum MTC		1,000	2,595			3,595
Modes Database			1,421			1,421
Marketing 6i Promotion					844	844
Roof			14,000			14,000
Conservation			730			730
		53,049	16,533			69,582
TOTAL FUNDS		790,133	(38,449)			751,684

							Incoming	Resources	Movement
							resources	expended	in funds
							E	6	6
Unrestricted			funds
General	fund						234,371	(289,353)	(54,982)
Restricted		funds
Antique	collections							(147)	(147)
Audit fee							4,000	(4,000)
Museum								(2,066)	(2,066)
Museum	MTC						2,881	(286)	2,595
Window							3,875	(3,875)
Sundial							2,225	(2,225)
Modes Database							2,300	(879)	1,421
Roof							14,000		14,000
Conservation							1,000	(270)	730
							30,281	(13,748)	16,533
TOTAL	FUNDS						264,652	(303,101)	(38,449)
The following			designations			have been made:
								Transfer
								from/(to)
							Balance at unrestricted		Balance at
Purpose	of designation						31.12.2021	fundsI	31,12.2022 E
Salaries	and	other running				costs	16,500		16,500
Replacements			for loaned		furniture		4,250		4,250
Capital projects							25,730		25,730
Essential	repairs						53,842		53,842
Buildings	used for charitable					purposes	517,155		517,155
Investment		in Trading		Company			20,010		20,010
							637,487		637,487

	2022	2021
	E	6
INCOME AND ENDOWMENTS
Donations and legacies Donations and legacies Gift aid	23,319 3,041	43,129
Subscriptions	2,385	4,109
	28,745	47,238
Other trading activities Fundraising events Admission fees	8,182 4,519	6,211 1,469
Gift of shop profits		55,267
	12,701	62,947
Investment income
Property rental income Deposit account interest	42,585 32	43,252 19
	42,617	43,271
Charitable activities
Miscellaneous income	6,490	2,500
Grants	4,000	14,143
	10,490	16,643
Total incoming resources	94,553	170,099
EXPENDITURE
Other trading activities Fundraising event costs	2,637	2,268
Charitable activities
Employment costs Establishment costs Repairs and maintenance Office expenses Printing, postage and stationery Subscriptions and donations Sundry and other costs Depn leasehold property improvements Depn of antiques 8 paintings Depn of office 6r museum equipment	50,912 9,491 29,309 2,020 5,095 229 1,331 3,675 7,876 626	48,432 10,720 65,704 1,921 4,861 225 1,290 9,446 11,824 3,907
	110,564	158,330
Support costs
Management Establishment costs	504	188
Carried forward	504	188

		2022	2021
		6	5
Management Brought forward		504	188
Of'fice expenses Sundry and other costs		703 15	2,154 57
		1,222	2,399
Finance
Bank charges		671	1,157
Governance costs
Auditors' remuneration		2,000	2,000
Legal and professional Accountancy fees	fees	13,271 250	6,032 300
		15,521	8,332
Total resources expended		130,615	172,486
Net expenditure		(36,062)	(2,387)