2022-06-30-accounts - The Julia Margaret Cameron Trust

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				Page
Legal and administrative	information
Trustees annual report	(including	directors	report)	3-7
Independent examiners'	report
Statement offinancial activities
Balance sheet				10—11
Notes to the accounts				12—26

Address			The Julia Margaret	The Julia Margaret	The Julia Margaret	Cameron	Cameron	Cameron	Trust
			Dimbola Lodge
			Terrace Lane
			Freshwater	Bay
			Isle ofWight
			PO40 9QE
Council of		Management
(Trustees)			BHinton MBE		(Chairman)
			J Giddings
			RSimmonds
			D White
			E Cook
			J Osborne
Secretary			R Simmonds
Governing		Instrument	Memorandum		8 Articles ofAssociation					- 16March1993 (amended	11January 2013)
Charitable		Status	The Trust is	a	registered			charity	No. 1026339
Company	Status		The Trust is	a	limited		company		No. 02800174
Bankers			The Co-operative			Bank
			Stockport, Cheshire
			National Westminster				Bank Pic
			Newport
			Isle ofWight
Independent		Examiner	Mr M Allanson
			Crocker Street
			Newport
			Isle ofWight
			PO30 5DB
Accountants			Moore (South)		LLP
			9StJohns Place
			Newport
			Isle ofWight
			PO30 1LH
Solicitors			RJR Solicitors
			18Melville Street
			Ryde
			Isle ofWight
			PO33 2AP

FOR THE YEAR EN	D	ED 30JUNE 2	022	g	Expe	nd(ture Ac	count)
				Un-Restricted
				and Designated Funds 2022	Restricted Funds 2022	Total Funds 2022	Total Funds 2021
			Notes
income and endowments		from:
Donations and legacies Income from other trading	activities:			22,850	50,976	73,826	179,811
Fund raising activites Investment income				56,633		56,633	38,634
Income from charitable activities				28 865		28 865	12 15682
Total income and endowments				108,348	50,976	149,833	234,139
Expenditure on:
Costs ofraising funds Charitable activities:			5	4,167		4,167	7,173
Operation of Dimbola
Museum and Galleries				129333	17257	146590	130569
Total expenditure				133,500	17,257	150,757	137,742
Net income/(expenditure)	forthe year			(25,152)	33,719	8,567	96,397
Gain/(losses) on revaluation		offixed assets					62,600
Transfer between funds
Net movement in funds				(25,152)	33,719	8,567	158,997
Reconcilation offunds:
Total funds brought forward	at 1 July 2021			1,086,497		1,086,497	927,500
Total funds carried forward at		30June 2022		1,061,345	33,719	1,095,064	1,086,497

				2022		2021
		Notes
Fixed assets
Tangible assets Heritage assets Investment properties Investments		8 9 10 11		470,737 33,612 573,000 1		479,935 33,612 573,000 1
Current assets				1,077,350		1,086,548
Gift shop stock Debtors Cash at bank in hand		12	1,500 60,558 18442		1,500 60,685 3056
Current liabilities			90,500		65,241
Creditors: Amounts	falling due within
one year		13	40526		f30 750)
Net current assets				49,974		34,491
Long term liabilities
Loans		14		~32260		~34542
Net assets				1,095,064		1,086,497
Funds
Restricted		17		33,719
Unrestricted		15		1 061 064		1 086 497
				1,095,064		1,086,497

Income from dona	tions and legacies
		Un-
		Restricted	Restricted	Total	Total
		Funds 2022f	Funds 2022	Funds 2022 6	Funds 2021
Grants Donations including Friends contributions	Gift Aid	16,935 2,700 3215	50,976	67,911 2,700 3215	73,513 102,000 4298
		22,850	50,976	73,826	179,811
Income from fund	raising activities
Rental income Events Room hires		35,819 1,500		35,819 1,500	35,353 3,281
Gift Shop income		19314		19314
		56,633		56,633	38,634

	Un-
	Restricted	Restricted	Total	Total
	Funde 2022	Funds 2022 6	Funds 2022f	Funds 2021 6
Admission Toudng exhibitions	28,721		28,721	14,858
Course fees
Other	144		144	824
	15,682		15,682	15,682

R THE YEAR ENDED 30JUNE	STA 2022	TENIENTS	(Continued)
Total expenditure
	Costs of Generating Funds	Charitable activities	Governance	Total funds 2022	Total funds 2021
Brochure costs
Staff costs Exhibition and event costs Premises Insurance Travel Telephone and internet Office supplies Professional Accounting, bookkeeping	4,167	32,084 20,907 39,194 4,773 943 1,110 4,187 2,327		32,084 20,907 39,194 4,773 943 1,110 4,187 6,494	713 46,803 6,460 33,492 4,993 1,318 1,399 4,986 685
and examination Depreciation Bank charges Loan interest Other and subscriptions Gift shop Bad debt written off Allocation ofgovernance		7,004 12,142 1,234 2,189 2,838 13,676 (18) 2,000	2,000 (2,000)	9,004 12,142 1,234 2,189 2,838 13,676 (18)	9,667 18,228 528 892 3,492 623 3,013
	4,167	146,590	150,757		137,742

FO	R THE YEAR ENDED 3	0JUNE 2022	(	ont)nued)
6.	Net incoming/(outgoing) Net income / (expenditure)	resources for the year is stated after charging	/ crediting:
				2022	2021f
	Depreciation Independent examination			12,142 2,000	18,228 2,000

Staff and Trustee
	2022f	2021f
Wages including National Insurance Defined contribution pension costs	31,717 367	46,395 408
	42,084	46,803

								2022	2021
The	average	number	ofemployees	during	the	year	was:

	Land and	IT and	Fixtures &
	Buildings	Website	Fittings	Total
Cost			8
At 1 July 2021 Additions	466,466	4,534	92,319	563,319
			2244	2 944
At 30June 2022	466,466	4,534	95,263	566,263
Depreciation
At1 July2021 Charge foryear	15,437 7344	4,446 33	63,501 4 765	83,384 12142
At 30June 2022	22,781	4,479	68,266	95,526
Net book value at 30June 2022	443,685	55	26,997	470,737
Net book value at 30June 2021	451,029	88	28,818	479,935

Net	book	value	as	revalued	at	30	June	2021	573,000
Net	book	value	as	revalued	at	30	June	2022	573,000

Summary profit and lo	ss account JMCT T	rading Ltd
			2022	2021
			6	6
Turnover Government grants Cost ofsales and administrative expenses			203,490 1,821 ~211313	87,255 34,827 (~145981
Operating profit			(6,002)	(23,899)
Retained in the subsidiary			(6,002)	(23,899)
The assets and liabilities ofthe subsidiary		were:
Current assets Creditors: amounts falling	due within one year		41,875 (~98823	11,323 ~62 188
Total assets less current	liabilities		(56,948)	(50,865)
Aggregate share capital and reserves			(56,948)	(50,865)
Rent has been contributed	to the Charity ofL3,900(2021 -65,910)

FO	R THE Y	EAR END	ED 30	JUNE	2022	(Continued)
12.	Debtors
						2022	2021
							6
	Sales ledger debtors
	Amounts	due from subsidiary		trading	company	70558	60865
						70,558	60,685
13.	Creditors:	Amounts	falling	due within one year
						2022	2021
	Loans						6
	Purchase ledger creditors Other creditors					3,841 17,438	4,107 5,733
	Accruals and deferred		income			2,794 16453	6,235 14675
						40,526	30,750
4.	Creditors:	Amounts	falling due in more than one year
						2022	2021
						6	6
	Other loans
						30,624	34,542

1	4. Creditors: Amounts falling due in more than one year Other loans

Movement in funds
		At 1 February 2021	Incoming resources (inc.gains)	Outgoing resources	Transfers (note 6)	At 30June 2021
General fund Revaluation reserve		666,939 419558	108,348	(133,500)		648,042 419558
Total unrestricted funds Restricted fund		1,086,497	108,348 50 976	(133,500) ~17257		1,061,345 33719
		1,086,497	159,324	(150,757)		1,095,064
Comparative Movement	in funds
		At 1 February 2020 6	Incoming resources (inc.gains) 6	Outgoing resources	Transfers (note 6)	At 30June 2021
General fund Designated reserve Revaluation reserve		545,625 24,917 356958	231,639 62 600	(135,242)	24,917 (24,917)	666,939 419558
Total unrestricted funds Restricted fund		927,500	294,239 2 500	(135,242) ~2500		1,086,497
		927,500	296,739	(137,742)		1,086,497

Analysis of net assets b	etween funds
	Unrestricted fundf		Restricted fundf	Total fundsf
Tangible fixed assets Current assets Current liabilities Long term liabilities	1,077,350 56,781 (40,526) ~32266		33,719	1,077,350 90,500 (40,526) 32260
	1,061,064		33,719	1,095,064
Comparative Analysis of	net assets between	funds - restated
	Unrestricted fund F		Restricted fund	Total fundsf
Tangible fixed assets Current assets Current liabilities Long term liabilities	1,086,548 65,241 (30,750) ~34542			1,086,548 65,241 (30,750) ~34542)
	1,086,497			1,086,497
Restricted Funds

The Trust h	ad the following	restricted fun	ds at the year end:
			Incoming	Outgoing	At 30June
			resources f	resources f	2021f
independent Arts Council	Arts Exhibition Grant	Grant	13,473 37503	(12,558) ~4699	915 32804
			50,976	(17,257)	33,719

		ta	e	ent of recomm	ended practice, pre	sented below	is the full comp	arative SOF
					Un-Restricted
					and Designated Funds 2021	Restricted Funds 2021	Total Funds 2021	Total Funds 2020
				Notes	f			Restated 6
Income and endowments			from:
Donations and legacies Income from other trading		activities:			177,311	2,500	179,811	140,464
Fund raising activites Investment income income from charitable	activities				38,634 12 15682		38,634 12 15682	60,179 39 45858
Total income and endowments					231,639	2,500	234,139	246,540
Expenditure on:
Costs ofraising funds Charitable activities:					4,673	2,500	7,173	23,013
Operation of Dimbola
Museum and Galleries					130569		130569	121259
Total expenditure					135,242	2,500	137,742	144,272
Net income/(expenditure)		for		the year	96,397		96,397	102,268
Gain/(losses) on revaluation				offixed assets	62,600		62,600	250,400
Transfer between funds
Net movement in funds					158,997		158,997	352,668
Reconcilation offunds:
Total funds brought forward		at
1 February 2020					927,500		927,500	574,832
Total funds carried forward		at
30June 2021					1,086,497		1,086,497	927,500