2023-01-31-accounts

		Unrestricted	Restricted
		Funds	Funds	Total Funds	Total Funds
		2023	2023	2023	2022
	Note
	ref.	£	£	£	£
Income from
Donations	2	567,785		567,785	1,057,299
Charitable activities		6,654		6,654	9,515
Income from investments	3	29,024		29,024	35,350
Other		3,839		3,839	125
Total		607,302		607,302	1,102,289
Expenditure on
Raising Funds (including cost of goods sold)	4	20,920		20,920	64,317
Charitable activities	5-8 &13	905,939		905,939	932,299
Other		12,075		12,075	12,194
Total		938,935		938,935	1,008,811
Net gains on investments		(52,749)		(52,749)	93,539
Net income/(expenditure)		(384,381)		(384,381)	187,018
Transfer between funds
Net movement in funds		(384,381)		(384,381)	187,018
Reconciliation of funds
Total funds brought forward at 1 February	15,16	1,729,064		1,729,064	1,542,046
Total funds carried forward at 31 January		1,344,683		1,344,683	1,729,064

			Heritage
		Operating	and
		and Other	Exhibition
		Assets	Assets	Total	Total
		2023	2023	2023	2022
		£	£	£	£
	Note
	ref.
Fixed assets
Tangible fixed assets	9	13,194	552,186	565,380	673,136
Investments	10	731,705		731,705	1,148,429
Total fixed assets		744,899	552,186	1,297,085	1,821,565
Current assets
Debtors	11	17,180		17,180	18,522
Cash at bank and in hand		136,755		136,755	122,464
Total current assets		153,935		153,935	140,986
Liabilities
Creditors:Amounts falling due within one year	12	(106,338)		(106,338)	(91,313)
Total net current assets		47,597		47,597	49,673
Defined benefit pension scheme liability	14				(142,175)
Total net assets		792,497	552,186	1,344,683	1,729,064
The funds of the charity
General Reserves		792,497		792,497	1,077,900
Heritage and Exhibition Reserves			552,186	552,186	651,164
Total charity funds	15,16	792,497	552,186	1,344,683	1,729,064

	Total funds	Total funds
	2023	2022
	£	£
Cash flows from operating activities:
Net cash (not provided) by operating activities	(378,353)	(18,377)
Cash flows from investing activities
Disposal oftangible fixed assets
Purchase of tangible fixed assets	(355)	(2,351)
Net cash used in investing activities	(355)	(2,351)
Cash flows from financing activities:
Dividends and interest from investments	29,024	35,350
Proceedsfrom sale of investments	588,092	420,472
Purchase of investments	(224,117)	(420,587)
Net cash from/ (used) in financing activities	392,999	35,235
Change in cash and cash equivalents in the reporting period	14,291	14,507
Cash and cash equivalents at the beginning of the reporting period	122,464	107,957
Cash and cash equivalents at the end of the reporting period	136,755	122,464
Net income/(expenditure) for the reporting period	(384,381)	187,018
(as per statement of financial activities)
Adjustments for:
Depreciation charges	108,111	108,634
Gains on investments	52,749	(93,539)
Dividends and interestfrom investments	(29,024)	(35,350)
Decrease in debtors	1,342	23,829
(Decrease) in creditors	(127,150)	(208,969)
Net cash (not provided) by operating activities	(378,353)	(18,377)

	Voluntary income and donations are credited to incoming resources when the amounts have been confirmed and there is
	certainty of receipt. Grants are credited to incoming resources on the earlier date ofwhen they are receivable under the
	terms ofthe grant or when they are received. Earned income is accounted forwhen it is receivable.
c)	Resources expended
	Resources expended are included in the statement offinancial activities on an accruals basis, inclusive of any
	irrecoverable VAT. Costs not directly allocated to categories of activity are apportioned as support costs in accordance
	with time spent by staff on each activity. Governance costs represent the statutory costs of administering the charity.
d)	Heritage and Exhibition Assets
	Heritage and exhibition assets held by the charity are capitalised unless reliable information about cost is unavailable or
	where there would be significant costs involved in obtaining a valuation. Items purchased during the year are shown in
	Note 9 on page 20 and the Museum maintains a register of all purchases. It isthe view ofthe Council, however, that the
	cost of obtaining a valuation of items already held or donated during any year is likely to be significant and would outweigh
	the benefits of undertaking such an exercise and these items are therefore capitalised at cost.
e)	Tangible Fixed Assets
	Depreciation is provided at rates calculated to write offthe value of each asset on a straight line basis over its expected
	useful life, as follows:
	Exhibition space over 9 years
	Computer equipment over 5 years
	Office equipment, furniture and fittings over 5 years
f)	Financial instruments
	Library and Museum Charitable Trust has financial assets and financial liabilities of a kind that qualify as basic financial
	instruments.
	(i) Listed investments, including fixed interest securities and cash held for investment, are measured at fair value through
	income and expenditure accounts and are reported at their market values at the balance sheet date.
	(ii) Other financial instruments, which comprise bank and cash, debtors other creditors and accruals are initially
	recognised at transaction value and are subsequently measured at amortised cost using the effective interest method.
	Assets, other than those measured at their fair value, are assessed for indicators of impairment at each balance sheet
	date.

2	DONATIONS AND LEGACIES			2023	2022
				£	£
	Donations:
	United Grand Lodge of England			557,955	1,000,000
	Other donations and income including The Friends ofthe Museum			9,830	6,251
	Government Grants -furloughed staff costs				51,048
				567,785	1,057,299
3	INCOME FROM INVESTMENTS			2023	2022
				£	£
	Dividends			29,024	35,350
				29,024	35,350
		Direct	Apportioned	2023	2022
		costs	support costs	Total	Total
		£	£	£	£
4	RAISING FUNDS
	Investment management costs	6,862		6,862	8,189
	Fundraising		14,058	14,058	56,128
	Total	6,862	14,058	20,920	64,317
5	CHARITABLE ACTIVITIES
	Exhibitions and tours	16,574	463,870	480,444	528,112
	Cataloguing and conservation	11,743	120,935	132,678	100,785
	Library and museum acquisitions	8,611	29,472	38,083	23,891
	Provision of research resources		201,265	201,265	120,265
	Awareness raising	3,900	46,496	50,396	155,165
	Governance costs	3,073		3,073	4,081
	Total	43,901	862,038	905,939	932,299

		Library and	Library and
		Museum	Museum
		heritage and	computers,
	Exhibition	exhibition	furniture &
	space costs	assets	fittings	Total
	£	£	£	£
Cost
At 1 February2022	894,000	253,831	377,981	1,525,812
Disposal			(7,313)	{7,313)
Additions in year		355		355
At 31 January2023	894,000	254,186	370,668	1,518,854
Depreciation
At 1 February2022	496,667		356,009	852,676
Disposal			(7,313)	(7,313)
Chargeforyear	99,333		8,778	108,111
At 31 January2023	596,000		357,474	953,474
Net book value
At 31 January2023	298,000	254,186	13,194	565,380
At 31 January 2022	397,333	253,831	21,972	673,136
**Summary of transactions in Museum heritage and **		exhibition assets
Year ended	31.1.23	31.1.22	31.1.21	31.1.20
	£	£	£	£
Acquisitions in the year	355	2,351	438	768

		Market		Market
	Cost	value	Cost	value
	2023	2023	2022	2022
	£	£	£	£
UK listed investments	457,222	451,521	628,687	716,823
Non-UK listed investments	175,081	260,144	220,007	362,802
Cash	20,040	20,040	68,804	68,804
Total Investments	652,343	731,705	917,498	1,148,429
		2023		2022
		£		£
Market value as at 1 February		1,148,429		1,054,775
Net monies (disinvested)/ invested		(363,975)		115
Net (losses)/gains on investments		(52,749)		93,539
Market value as at 31 January		731,705		1,148,429

11	DEBTORS	2023	2022
		£	£
	Prepayments	5,946	8,495
	Donations		469
	Sundry debtors	11,234	9,558
		17,180	18,522
12	CREDITORS	2023	2022
		£	£
	Trade creditors	15,014
	Sundry creditors	79,808	80,151
	Accruals	4,100	4,813
	HM Revenue & Customs-PAYE	3,404	2,732
	HM Revenue & Customs-NI	4,011	3,617
		106,338	91,313

	2023	2022
	£	£
Opening balance	142,175	297,275
Remeasurement
Payments in the year	(142,175)	(155,100)
Balance at 31 January		142,175