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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|
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|Address|||The Julia Margaret|The Julia Margaret|The Julia Margaret|Cameron|Cameron|Cameron|Trust|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||||||||||
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|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|
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|||||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|
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|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|
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||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|
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|
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|
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|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|
|7.|Staff and Trustee|Costs||||
|---|---|---|---|---|---|
|||||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:|||
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||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|
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|Net|book|value|as|revalued|at|30|June|2021|573,000|
|---|---|---|---|---|---|---|---|---|---|
|Net|book|value|as|revalued|at|30|June|2022|573,000|
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|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)||||
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|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|
|---|---|
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|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|
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|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|
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|||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|