| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 9 | |
| Independent Examiner's |
Report | 10 | ||
| Statement ofFinancial Activities | ||||
| Balance Sheet | 12 | to | 13 | |
| Cash Flow Statement | 14 | |||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 16 | to | 26 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | f, | ||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
140,871 | 542,045 | 682,916 | 620,775 | |||
| Charitable activities |
|||||||
| Maintenance ofcollection | 4,675 | 135 | 4,810 | 500 | |||
| Investment income |
10 | 10 | 43 | ||||
| Other income | 100,162 | 100,162 | 66,399 | ||||
| Total | 245)718 | 542,180 | 787,898 | 687,717 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Maintenance ofcollection | 180,746 | 340,826 | 521,572 | 381,423 | |||
| Other | 1,772 | 38~ | 40432 | 4,826 | |||
| Total | 182)518 | 379486 | 561,904 | 386,249 | |||
| NET INCOME | 63,200 | 162,794 | 225,994 | 301,468 | |||
| Transfers between funds |
15 | (4)606) | 4,606 | ||||
| Net movement in funds |
58,594 | 167,400 | 225,994 | 301,468 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward |
157,697 | 2,543,788 | 2,701,485 | 2,400,017 | |||
| TOTAL FUNDS CARRIED FORWARD | 216+91 | 2,711,188 | 2,927,479 | 2,701,485 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets |
11 | 211,026 | 2,670,773 | 2,881,799 | 2,466,013 |
| Investments | 12 | I | I | 1 | |
| 211,027 | 2,670,773 | 2,881,SOO | 2,466,014 | ||
| CURRENT ASSETS | |||||
| Debtors | 13 | 68)485 | 16,453 | S4,938 | 109,162 |
| Cash at bank and in hand | 23,776 | 106~3 | 130,279 | 265,363 | |
| 92,261 | 122,956 | 215/17 | 374,525 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (86,993) | (82445) | (169,538) | (139,054) |
| NET CURRENT ASSETS | 5,268 | 40)411 | 45)679 | 235,471 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 216495 | 2,711,184 | 2,927,479 | 2,701,485 | |
| NET ASSETS | 216/95 | 2,711,184 | 2,927,479 | 2,701,485 | |
| FUNDS | 15 | ||||
| Unrestricted funds |
216495 | 157,697 | |||
| Restricted funds |
2,711,184 | 2,543,788 | |||
| TOTAL FUNDS | 2,927,479 | 2,701,485 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows froin operating activities |
|||||
| Cash generated Irom operations |
313,710 | 314,406 | |||
| Interest paid | (501) | ||||
| Net cash provided by operating activities |
313,209 | 314,406 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed |
assets | (456,117) | (217,460) | ||
| Interest received | 10 | 43 | |||
| Net cash used in investing | activities | (456,107) | (217,417) | ||
| Cash flows from financing | activities | ||||
| Due &om Hollycombe Retailing |
7,814 | 22,701 | |||
| Net cash provided by financing activities |
7,814 | 22,701 | |||
| Change in cash and cash equivalents |
in | ||||
| the reporting period |
(135,084) | 119,690 | |||
| Cash and cash equivalents | at the | ||||
| begianing ofthe reporting | period | 265463 | 145,673 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
130,279 | 265,363 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | ||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 225,994 | 301,468 | ||||
| Adjustments | for: | |||||
| Depreciation | charges | 40432 | 4,826 | |||
| Interest received | (10) | (43) | ||||
| Interest paid | 501 | |||||
| Decrease/(increase) | in | debtors | 16,409 | (8,657) | ||
| Increase in creditors | 30,484 | 16,812 | ||||
| Net cash provided | by | operations | 313,710 | 314,406 | ||
| ANALYSIS | OF CHANGES | IN NET FUNDS | ||||
| At 1.3.21 | Cash flow | At 28.2.22 | ||||
| 6 | f. | |||||
| Net cash | ||||||
| Cash at bank | and in | hand | 265463 | (135,084) | 130,279 | |
| 265463 | (135,084) | 130479 | ||||
| Total | 265463 | (135,084) | 130,279 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Donations | 51/92 | 21,577 | ||
| Gift aid | 10406 | 1,938 | ||
| Grants | 563,816 | 597,260 | ||
| Gate receipts | 57/02 | |||
| 682,916 | 620,775 | |||
| Grants received, | included | in the above, are as follows: | ||
| 2022 | 2021 | |||
| HLF Resilience | Grant | 39,760 | ||
| Coutts Grant | 5,000 | |||
| COVID recovery | ||||
| 105,000 | ||||
| DCMS Grant | 436416 | 447,500 | ||
| NHMF Lottery grant | 127,500 | |||
| 563,816 | 597,260 |
| 3. | INVESTMENT INCOME | |||||||
| 2022 | 2021 | |||||||
| Deposit account interest | 10 | 43 | ||||||
| 4. | INCOME PROM CHARITABLEAC~S | |||||||
| 2022 | 2021 | |||||||
| Activity | ||||||||
| Other income | Maintenance | ofcollection | 4,810 | 500 | ||||
| 5. | ~ABLEACTIVITIES COSTS | |||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 6) | Totals | ||||||
| f, | ||||||||
| Maintenance | ofcollection | 505,523 | 16,049 | 521,572 | ||||
| 6. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| Finance | costs | Totals | ||||||
| g | ||||||||
| Maintenance | ofcollection | 4+77 | 11,072 | 16,049 | ||||
| 7. | NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is | stated after charging/(crediting); | ||||||
| 2022 | 2021 | |||||||
| Depreciation | - owned assets | 40,331 | 4,826 | |||||
| Rent ofland | 19,137 | 18,742 |
| 9. | STAFF COSTS | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Wages and salaries | 33,326 | 50,579 | ||||
| Social security costs | 428 | 298 | ||||
| Other pension costs | 608 | 931 | ||||
| 34462 | 51,808 | |||||
| The average monthly number ofemployees |
during | the year was as follows; | ||||
| 2022 | 2021 | |||||
| Museum staff |
4 | 4 | ||||
| No employees received emoluments |
in excess of860,000. | |||||
| 10. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
119,306 | 501,469 | 620,775 | |||
| Charitable activities |
||||||
| Maintenance ofcollection | 500 | 500 | ||||
| Investment income |
43 | 43 | ||||
| Giber income | 66,399 | 66,399 | ||||
| Total | 186,248 | 501,469 | 687,717 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Maintenance ofcollection |
199,323 | 182,100 | 381,423 | |||
| Other | 1,571 | 3,255 | 4,826 | |||
| Total | 200,894 | 185,355 | 386,249 | |||
| NET INCOME/(EXPENDITURE) | (14,646) | 316,114 | 301,468 | |||
| Transfers between funds |
40,742 | (40,742) | ||||
| Net movement in funds |
26,096 | 275,372 | 301,468 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
131,601 | 2,268,416 | 2,400,017 | |||
| TOTAL FUNDS CARRIED FORWARD | 157,697 | 2,543,788 | 2,701,485 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Buildings | Plant and | Steam | |||
| &improvements | equipment | collection | |||
| f, | |||||
| COST | |||||
| At 1March 2021 | 1,132,879 | 1,146,185 | |||
| Additions | 453/81 | 2,000 | |||
| Reclassification | 116,871 | 61458 | |||
| At 28 February 2022 | 1)703431 | 61/58 | 1,148185 | ||
| DEPRECIATION | |||||
| At 1 March 2021 | 6/87 | 27,344 | |||
| Charge for year | 32,726 | 6,126 | 348 | ||
| Reclassification/transfer | 69 | ' | 1431 | ||
| At 28 February 2022 | 39,082 | 7,657 | 27,692 | ||
| NET BOOKVALUE | |||||
| At 28 February 2022 | 1,664449 | 53,601 | 1,120,493 | ||
| At 28 February 2021 | 1,126,592 | 1,118,841 | |||
| Fixtures | Motor | Historical | |||
| &Fittings | vehicles | attractions | Totals | ||
| f, | |||||
| COST | |||||
| At 1March 2021 | 237,164 | 4,050 | 31/50 | 2/51,528 | |
| Additions | 536 | 456,117 | |||
| Reelassificatio | (178,129) | ||||
| At 28 February 2022 | 59,571 | 4,050 | 31,250 | 3,007,645 | |
| DEPRECIATION | |||||
| At 1March 2021 | 46,059 | 4)050 | 1,775 | 85,515 | |
| Charge for year | 1)131 | 40331 | |||
| Reclassification/transfer | (1,600) | ||||
| At 28 February 2022 | 45,590 | 4,050 | 1,775 | 125,846 | |
| NET BOOKVALUE | |||||
| At 28 February 2022 | 13)?81 | 29,475 | 2,881,799 | ||
| At 28 February 2021 | 191,105 | 29,475 | 2,466,013 |
| MARKET VALUE |
|---|
| At 1 March 2021 and 28 February 2022 |
| NET BOOK VALUE |
| At 28 February 2022 |
| At 28 February 2021 |
| Nature ofbusiness: Sale ofmuseum merc |
Nature ofbusiness: Sale ofmuseum merc |
handise and caf6 |
||
|---|---|---|---|---|
| Class ofshare | holding | |||
| Ordinary | 100 | |||
| 28.2.22 | 28.2.21 | |||
| f | f, | |||
| Aggregate | capital and reserves | 403 | (5,890) | |
| Profit/(loss) | for the year | 6&294 | (5,891) | |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||||
| 2022 | 2021 | |||
| Amounts owed by group undertakings |
11,248 | 19,063 | ||
| Other debtors | 59,809 | 70,968 | ||
| VAT | 293 | |||
| Prepayments | 13,881 | 18,838 | ||
| 84,938 | 109,162 |
| CREDITORS: AMOUNTS FALLING D | UEONE | YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade creditors | 37,008 | 33,920 | ||
| Social security and other taxes | 1/47 | 561 | ||
| VAT | 2/05 | |||
| Other creditors | 120,529 | 98,496 | ||
| Accrued expenses | 7449 | 6,077 | ||
| 169,538 | 139,054 | |||
| MOVEMENT IN FUNDS | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.3.21 | in fLmds | funds | 28.2.22 | |
| f, | f, | |||
| Unrestricted funds |
||||
| Genorel fund | 157,697 | 63/04 | (4,606) | 216,295 |
| Restricted funds |
||||
| Restricted | 2,083,619 | (406) | 2,083413 | |
| Sawmill project Emperor project |
59,580 83/45 |
(3/38) (48,938) |
55,642 34,607 |
|
| HLF Resilience | 32@23 | (25,017) | 7/06 | |
| Mann Tmctor Fund | 965 | 135 | 1,100 | |
| DCMS Grant | 279,841 | 282440 | 2,867 | 565,048 |
| Coutts Grant | 3/15 | 3415 | ||
| New bioscope building | (501) | 1499 | 898 | |
| NHMF Lottery grant | (340) | 340 | ||
| Culture Recovery Fund for Heritage: | ||||
| Emergency Resource Support |
(40,545) | (40,545) | ||
| 2,543,788 | 162,790 | 4,606 | 2,711,184 | |
| TOTAL FUNDS | 2,701,485 | 225,994 | 2/27, 479 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| f. | |||||
| Unrestricted funds |
|||||
| General fund | 245,718 | (182,514) | 63,204 | ||
| Restricted funds |
|||||
| Resnicted | (407) | (407) | |||
| Sawmill project | 3,681 | (7,619) | (3,938) | ||
| Emperor project | (48,938) | (48,938) | |||
| HLF Resilience | (25,016) | (25,016) | |||
| Mann Tractor Fund | 135 | 135 | |||
| DCMS Grant | 436,316 | (153F6) | 282440 | ||
| New bioscope building | (501) | (501) | |||
| NHMF Lottery grant | 102,045 | (102/85) | (340) | ||
| Culture Recovery Fund for Heritage: | |||||
| Emergency Resource Support |
~40,548) | ~40 45) |
|||
| ~542 180 | ~379 90 | ~162790 | |||
| TOTAL FUNDS | ~787 898 | ~561904) | 225,994 | ||
| Comparatives for movement |
in funds | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1,3.20 | in funds | funds | 28.2,21 | ||
| Unrestricted funds |
|||||
| General fund |
131,601 | (14,646) | 40,742 | 157,697 | |
| Restricted funds |
|||||
| Restricted | 2,099,840 | (479) | (15,742) | 2,083,619 | |
| Sawmill project | 66,280 | (1,700) | (5,000) | 59,580 | |
| Emperor project | 83,545 | 83,545 | |||
| HLF Resilience | 18,751 | 34,172 | (20,000) | 32,923 | |
| Mann Tractor Fund | 965 | 965 | |||
| DCMS Grant | 279,841 | 279,841 | |||
| Coutts Grant | 3,315 | 3,315 | |||
| 2468,416 | 316,114 | 40,742 | 2,543,788 | ||
| TOTAL FUNDS | 2,400,017 | 301,468 | 2,701,485 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fimd | 186/48 | (200,894) | (14,646) | |
| Restricted funds | ||||
| Restricted | (479) | (479) | ||
| SawmiU project | (1,700) | (1,700) | ||
| HLF Resilience | 39,760 | (5,588) | 34,172 | |
| Mann Tractor | Fund | 9,210 | (8,245) | 965 |
| DCMS Grant | 447,499 | (167,658) | 279,841 | |
| Coutts Grant | 5,000 | (1,685) | 3,315 | |
| 501,469 | (185,355) | 316,114 | ||
| TOTAL FUNDS | 687,717 | (386,249) | 301,468 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.3,20 | in Rnds | funds | 28.2.22 | |
| f. | f, | |||
| Unrestricted funds |
||||
| General fund | 131,601 | 48,558 | 36,136 | 216,295 |
| Restricted funds | ||||
| Restricted | 2,099,840 | (885) | (15,742) | 2,083,213 |
| Sawmill project | 66,280 | (5,638) | (5,000) | 55,642 |
| Emperor project HLF Resilience |
83,545 18,751 |
(48,938) 9,155 |
(20,000) | 34,607 7,906 |
| Mann Tractor Fund | 1,100 | 1,100 | ||
| DCMS Grant | 562,181 | 2,867 | 565,048 | |
| Coutts Grant | 3,315 | 3,315 | ||
| New bioscope buildmg | (501) | 1,399 | 898 | |
| NHMF Lottery grant | (340) | 340 | ||
| Culture Recovery Fund for Heritage: | ||||
| Emergency Resource Support | (40,545) | (40,545) | ||
| 2,268,416 | 478,904 | (36,136) | 2,711,184 | |
| TOTAL FUNDS | 2,400,017 | 527,462 | 2,927,479 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 431,966 | (383,408) | 48,558 |
| Restricted funds |
|||
| Restricted | I | (886) | (885) |
| Sawmill project | 3,681 | (9,319) | (5,638) |
| Emperor project | (48,938) | (48,938) | |
| HLF Resilience | 39,759 | (30,604) | 9,155 |
| Mann Tractor Fund | 9,345 | (8,245) | 1,100 |
| DCMS Grant | 883,815 | (321,634) | 562,181 |
| Coutts Grant | 5,000 | (1,685) | 3,315 |
| New bioscope building | (501) | (501) | |
| NHMF Lottery grant | 102,045 | (102,385) | (340) |
| Culture Recovery Fund for Heritage: | |||
| Emergency Resource Support |
3 | (40,548) | (40,545) |
| 1,043,649 | (564,745) | 478,904 | |
| TOTAL FUNDS | 1,475,615 | (948,153) | 527,462 |