##
##
|Reference and Administrative|Reference and Administrative|Details|I to 2|
|---|---|---|---|
|Trustees'
Report|||3 to 15|
|Independent
Auditor's|Report||16to 18|
|Statement ofFinancial|Activities||19|
|Balance Sheet|||20 to 21|
|Statement ofCash Flows|||22|
|Notes to the Financial|Statements||23 to46|
##
##
|Charity Name|Charity Name|Charity Name|||||The Dorset Natural|History|and Archaeological|Society|
|---|---|---|---|---|---|---|---|---|---|---|
|Other Names|||||||Dorset Museum||||
|Trustees|||||||Ms TR Chevalier||||
||||||||Dr A JFleet|(to December 2021)|||
||||||||Mr DJFrench||||
||||||||Ms SJames||||
||||||||Mrs JM Lang||||
||||||||Mrs SEMerriott||||
||||||||DrJEMurden|(to December 2021)|||
||||||||Ms TM Parsons||||
||||||||Mr JJR Pope|(to December 2021)|||
||||||||Mr JSSmyllie|(from December 2021)|||
||||||||Mr A H Walters|(to December 2021)|||
||||||||Mrs S A H Welton||||
||||||||Ms M Wood|(from December 2021)|||
|Registered||Office|||||Dorset Museum||||
||||||||66 High West Street||||
||||||||Dorchester||||
||||||||Dorset||||
||||||||DTI
IXA||||
|Company||Registration|||Number||3362107||||
|Charity Registration||||Number|||1062400||||
|President|||||||Susan, Lady Bradbury||||
|Vice-Presidents|||||||Mr A J H du Boulay FSA||(to January 2022)||
||||||||Mr RN RPeers MA FSA||FMA||
||||||||Mr G A L-F Pitt Rivers OBEDL||||
||||||||Mrs P Seaton||||
||||||||SirP Williams Bt.||||
||||||||Mrs G Yarker BEM FSA||||
|Past Presidents|||||||The Countess ofSandwich||||
||||||||Mr G A L-F Pitt Rivers OBEDL||||
||||||||Captain M Fulford-Dobson||CVO OBERN||
|Dorset Council Appointed||||||Representative|Cllr SBartlett||||
|OAicers|and staff||||||||||
|Executive||Director|||||Dr J EMurden|(to December 2021)|||
|Interim|Director||||||Ms ESelby|(from January 2022)|||
|Director|ofCollections||||and|Public Engagement|Ms ESelby|(to December 2021)|||
|Commercial|||Director||||Mr R Maughan||||
|Museum|Secretary||||||Mrs A Butler||||
|Secretarial||Support|||||Miss A Gundry||||
|Curator|||||||Dr J Cripps||||
|Collection||Assistants|||||Ms K Broomfield,|Miss C|King (to September|2021)|
||||||||Miss EMordue|(from January 2022)|||
||||||||Page
I||||
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|Surete icaims|Surete icaims|Surete icaims||||||Outcomes||||||Out uts||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1. To reach||a larger||and||broader||To double
visitor|||numbers||to a|A wider,|more||diverse||range of||high-|
|audience —from|||local|communities||||baseline|figure|of|100,000
per|||quality
heritage|||learning||experiences.|||
|to tourist|visitors —and||||encourage|||annum.||||||||||||||
|deeper|engagement||||with||the|||||||A new learning|||centre||and enhanced|||
|collections||||||||A
broader
visitor|||demographic,|||education||offer.||||||
|||||||||including|families|and||those from||||||||||
|||||||||more|difficult|||to|reach|Using
the||collection||to provide|||new|
|||||||||backgrounds.||||||resources||for|the||teaching||of|
|||||||||||||||prehistory||and|science||as|part of the||
|||||||||Increased|levels|of||satisfaction,||national|curriculum.|||||||
|||||||||enjoyment|and engagement||||among|||||||||
|||||||||our audiences,
more|||repeat||visits.|Increased||access||for||adults|and|
|||||||||||||||community||groups,||and||long-term||
|||||||||A mputation
for||great||temporary||learning|partnerships|||with||local health||
|||||||||exhibitions,
which||||will|show|and wellbeing
agencies.||||||||
|||||||||Dorset to|the world||and the||world|||||||||
|||||||||to Dorset.||||||||||||||
##
|2. To|2. To|own|Dorset's stories and|Dorset's stories and|Dorset's stories and|Dorset's stories and|Dorset's stories and|Dorset's stories and|tell|Increased|awareness|awareness|awareness|and|New
galleries
that
showcase
the|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|them|in bigger|||and||bolder ways||||understanding|of our||collections||Museum's
nationally
and|
|||||||||||and stories.|||||international
collections
in
an|
||||||||||||||||inspiring
and accessible way, catering|
|||||||||||Wider recognition
of||Dorset's||250|for varying
levels ofprior knowledge.|
|||||||||||million
year|history
and|||its||
|||||||||||international|importance|||in|Interpretation
that
celebrates
and|
|||||||||||palaeontology,|geology,
literature||||promotes
understanding
of the most|
|||||||||||and social history.|||||important
and fundamental
principles|
||||||||||||||||ofnatural
and human
history|
|||||||||||Heritage becomes an||essential||part||
|||||||||||ofany visit to|Dorset.|||||
|3. To||care for||the collections||||to the||An engaging
interface|||between|the|Visitors
able
to
see
the
stored|
|highest||standards||||and|enable||their|traditionally
separated|||public|and|collections
and
have the opportunity|
|development|||for||the future,|||and to||private spheres|ofthe||Museum.||to get
involved
with
the
everyday|
|enable||visitors|||to|understand|||the||||||conservation
and
collections|
|work|done with|||the||collections.||||A safe conservation|||environment||management
ofthe museum
as part of|
|||||||||||and
sustainable
future
for||||the|their visit.|
|||||||||||heritage our collection|||represents.|||
||||||||||||||||All the collections
in a fit for purpose|
|||||||||||A
sustainable|||level|of|home.|
|||||||||||appropriately|skilled|||and||
|||||||||||knowledgeable|remunerated|||staff|Additional
collecting
capacity
for|
|||||||||||and
volunteers|to|care
for||the|Dorset's
strategically
important|
|||||||||||collections.|||||collections,
including
storage
space,|
||||||||||||||||conservation
and research facilities.|
|4.||To|be|a||financially|||and|An
operating|model||(including||Facilities and apublic programme
that|
|operationally|||sustainable||||museum.|||trading subsidiaries)||that generates|||maximises
self-sustaining
income|
|||||||||||the level ofincome required
for the|||||from
admissions,
trading,|
|||||||||||successful
operation
of||||the|membership
and support
in-kind
from|
|||||||||||museum.|||||volunteers.|
|||||||||||Contribution|to the||physical|and|Forward
facing
retail
and
catering|
|||||||||||economic|regeneration|||of|operations,
which
appeal
to visitors|
|||||||||||Dorchester's|urban||conservation||and non-visitors
alike.|
|||||||||||area.||||||
||||||||||||||||A
programme
of
events
and|
|||||||||||An
exemplar|||model|of|opportunities
for use ofour venue by|
|||||||||||volunteering|at
the||heart|of a|others that will both generate
income|
|||||||||||modern
museum.|||||and encourage the widest possible use|
||||||||||||||||ofthe museum.|
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|Society|/|Museum|Risk Management|Risk Management|Tomorrow's|Museum|Museum|Risk Management|Risk Management||
|---|---|---|---|---|---|---|---|---|---|---|
|Risks|||Status||Project Risks|||Status|||
|Prolonged||closure of|Ongoing|monitoring|Increased scope / cost of|||Ongoing|monitoring|and|
|Museum||due to capital|and action as required||work in historic||buildings|action as|required||
|works|||||||||||
|Further|delays and||Ongoing|monitoring|Failure to secure pledged|||Ongoing|monitoring|and|
|impacts|due to Covid-19||and action as required||match-funding||/ cashflow|action as|required||
||||||su
nit||||||
|Failure|to|achieve|Ongoing|monitoring|Poor contractor|||Ongoing|monitoring|and|
|visitor targets/decline|||and action as required||performance|||action as|required||
|in membershi|||||||||||
##
##
|Energy|/ Insurance|/ Insurance|price|Ongoing
monitoring|Damaged||relationships|relationships|with|Ongoing|monitoring|and|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|rises||||and action as required|neighbours||/ local|||action as|required||
||||||communi||||||||
|Major|building
/|||Ongoing
monitoring|Developed||design|exceeds||Ongoing|monitoring|and|
|infrastructure||failure||and action as re uired|available||bud
et|||action as|re uired||
|Major|catastrophe|||Ongoing
monitoring|Failure to||renegotiate|||Ongoing|monitoring|and|
|||||and action as required|cashflow||loan support||in|action as|required||
||||||li htofCovid-19|||dela|s||||
|Loss ofkey||staff||Ongoing
monitoring|Failure to||sell surplus|||Ongoing|monitoring|and|
|||||and action as re uired|ro efl|holdin
s||||action as|re uired||
|Failure|to address|||Ongoing monitoring|||||||||
|operational||readiness||and action as required|||||||||
|lannin|||||||||||||
|TheA /|vandalism||to|Ongoing monitoring|||||||||
|buildin|s /|collections||and action as re uired|||||||||
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|Statement|ofFinancial|ofFinancial|Activities (Including
Income|Activities (Including
Income|and|Expenditure|Account)||
|---|---|---|---|---|---|---|---|---|
||||Year Ended|31March 2022|||||
||||||||Total|Total|
||||Unrestricted|Restricted
f|Endowment||2022|2021f|
|Income and Endowments|from:||||||||
|Donations
and legacies||3|425,126|604,941|||1,030,067|6,3 11,64 1|
|Charitable
activities||4|275,907||||275,907|12,283|
|Other trading activities||5|127,669||||127,669|13,158|
|Investments||6|9,147||||9,147|4,240|
|Total income and endowments|||837,849|604,941|||1,442,790|6,341,322|
|Expenditure
on:|||||||||
|Raising funds||7|20,096|5,860|||25,956|38,355|
|Trading activities||8|103,842|996|||104,838|7,133|
|Charitable
activities||9|810,184|1,888,627|||2,698,811|1,021,753|
|Other|||||||||
|Total cxpenditurc|||934,122|1,895,483|||2,829,605|1,067,241|
|Net gains/ (losses) on|||||||||
|invcstmcnts||18|7,047||||7,047|16,807|
|Net income/ (expenditure)|||(89,226)|(1,290,542)|||(1,379,768)|5,290,888|
|Transfers
between funds||26|||||||
|Corporation
Tax|||(4,338)||||(4,338)||
|Other recognised
gains/ (losses):|||||||||
|Remeasurement
gain/ (loss)|||||||||
|on defined benefit pension|plan|31|209,000||||209,000|(257,000)|
|Net movemcnt
in funds|||115,436|(1,290,542)|||(1,175,106)|5,033,888|
|Reconciliation
offunds:|||||||||
|Total funds brought
forward|||(803,925)|15,310,111||500|14,506,686|9,472,798|
|Total funds carried forward|||(688,489)|14,019,569||500|13,331,580|14,506,686|
##
##
|||B|alance Sheet as at3l March|2022|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2022|2021|
|||||Note||f|
|Fixed assets|||||||
|Tangible assets||||14|14,779,740|15,708,943|
|Heritage assets||||15|1,034,917|1,032,639|
|Investments||||16|427,260|421,882|
||||||16,241,917|17,163,464|
|Current
assets|||||||
|Stocks||||20|11,000||
|Debtors||||21|37,461|1,154,884|
|Cash at bank and in|hand||||175,736|457,505|
||||||224,197|1,612,389|
|Creditors: amounts|falling due within||one year|22|(1,191,201)|(1,205,167)|
|Net current (liabilities)l||assets|||(967,004)|407,222|
|Total assets less current||liabilities|||15,274,913|17,570,686|
|Creditors: amounts|falling due after||more than onc year|23|(1,122,333)|(2,085,000)|
|Net assets excluding|pension liability||||14,152,580|15,485,686|
|Defined benefit pension||liability||31|(821,000)|(979,000)|
|Nct assets|||||I3,331,58O|14,506686|
|Charity Funds|||||||
|Endowment
funds||||26|500|500|
|Restricted
funds||||26|14,019,569|15,310,111|
|Unrestricted
funds||||26|132,511|175,075|
|Revaluation
reserve||||26|||
|Pension reserve||||26|(821,000)|(979,000)|
|Total charity funds|||||13,331,580|14,506,686|
##
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##
|||||Statement ofCash Flows||||
|---|---|---|---|---|---|---|---|
||||Year Ended 31March 2022|||||
|||||||Total|Total|
|||||||2022|2021|
||||||Note|f|f|
|Cash flow from operating|activities||||28|332,789|5,545,229|
|Interest paid||||||||
|Tax paid||||||(4,338)||
|Net cash flow from operating||activities||||328,451|5,545,229|
|Cash flow from investing|activities|||||||
|Payments
to acquire tangible
fixed assets||||||(556,273)|(6,254,731)|
|Receipts from sales oftangible||fixed assets||||||
|Payments
to acquire investments||||||(22,845)|(67,299)|
|Receipts from sales ofinvestments||||||22,435|64,375|
|Interest received||||||14|98|
|Dividends
received||||||4,153|4,150|
|Rents received from investment||properties||||4,980|(8)|
|Net cash flow from investing||activities||||(547,536)|(6,253,415)|
|Cash flow from financing|activities|||||||
|Receipts from issue ofnew|long term loans||||||275,000|
|Interest paid||||||(64,763)||
|Net cash flow from financing||activities||||(64,763)|275,000|
|Net increase I(decrease)|in cash and cash|||equivalents||(283,848)|(433,186)|
|Cash and cash equivalents|at|1 April 2021||||460,433|893,619|
|Cash and cash equivalents|at|31March|2022|||176,585|460,433|
|Cash and cash equivalents|consists of:|||||||
|Cash at bank and in hand||||||175,736|457,505|
|Short term deposits||||||849|2,928|
|Cash and cash equivalents|at|31March|2022|||176,585|460,433|
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|Freehold property|Not depreciated||
|---|---|---|
|Land and buildings|10years straight line, once complete||
|Fixtures, fittings and equipment|15%reducing|balance, 25% straight line|
|Cogections|Not depreciated||
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|3|Donations
and lcgacics|Donations
and lcgacics|Donations
and lcgacics|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment||Total|Total|
|||||funds|funds|funds||2022|2021|
||Grants|||||||||
||Dorset County Council*|||84,294||||84,294|78,994|
||Arts Council England|||206,779|173,539|||380,318|265,725|
||Wessex Museum|Trust||33,855||||33,855|18,785|
||Wolfson Foundation||||||||120,000|
||Foyle Foundation||||||||25,000|
||John Ellerman
Foundation||||||||30,057|
||Cogege bursaries|||14,197||||14,197||
||Other|||16,728|50,125|||66,853|300|
|||||355,853|223,664|||579,517|538,861|
|||||Unrestricted|Restricted|Endowment||Total|Total|
|||||funds|funds|funds||2022|2021|
||||||||f|||
||Development
appeal||fund|||||||
||Heritage Lottery|Fundv||80|381,277|||381,357|5,322,653|
||Valentine
Trust||||||||20,000|
||J&SWeld||||||||20,000|
||Garfield Wcston||||||||100,000|
||G F Eyre Charitable||Trust||||||10,000|
||Ann Dannat Legacy||||||||10,000|
||Other||||||||47,272|
|||||80|381,277|||381,357|5,529,925|
||Other|||||||||
||Donations
(including||gift aid)|59,698||||59,698|124,525|
||Legacies|||6,750||||6,750|50,000|
|||||66,448||||66,448|174,525|
##
##
|3|Donations|and legacies (continued)|and legacies (continued)|and legacies (continued)|and legacies (continued)||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment||Total|Total|
||||||funds|funds|funds||2022|2021|
|||||||f||g|f|f|
||Exceptional||government||funding||||||
||Coronavirus||Job|Retention|||||||
||Scheme (CJRS)grant*||||2,745||||2,745|58,330|
||Other Coronavirus|||grants*||||||10,000|
||||||2,745||||2,745|68,330|
||||||425,126|604,941|||1,030,067|6,311,641|
|4|Charitable
activities|Charitable
activities||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|2022|2021|
||||f|g||f||
||Membership
subscriptions||53,625|||53,625|10,941|
||Museum
admission|fees|217,311|||217,311||
||Events and exhibitions||2,471|||2,471|1,342|
||Income from lending|assets|2,500|||2,500||
||||275,907|||275,907|12,283|
|5|Other trading
activities|||||||
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|2022|2021|
||||f|||||
||Shop/ online sales||68,705|||68,705|9,284|
||Bookings income||43,482|||43,482||
||Cafe rental income||13,927|||13,927||
||Royalties and sundry|income|1,555|||1,555|3,874|
||||127,669|||127,669|13,158|
##
##
|6|Investment|income|income||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment||Total|Total|
||||||funds|funds|funds||2022|2021|
|||||||||||f.|
||Dividends|and interest|||4,153||||4,153|4,150|
||Interest on|cash deposits|||14||||14|98|
||Rental income||||4,980||||4,980|(8)|
||||||9,147||||9,147|4,240|
|7|Expenditure||on raising|funds|||||||
||||||Unrestricted|Restricted|Endowment||Total|Total|
||||||funds|funds|funds||2022|2021|
||||||||||f||
||Fundraising||fees||7,713|5,860|||13,573|36,905|
||Heritage
Lottery Fund Delivery||||||||||
||Plan||||10,684||||10,684||
||Investment|management||fees|1,699||||1,699|1,450|
||||||20,096|5,860|||25,956|38,355|
|8|Expenditure||on trading|activities|||||||
||||||Unrestricted|Restricted|Endowment||Total|Total|
||||||funds|funds|funds||2022|2021|
|||||||f||f|||
||Shop consumablcs||||39,093|996|||40,089|7,133|
||Closing stock||||(11,000)||||(11,000)||
||Employment||costs||61,296||||61,296||
||Establishment||costs||14,453||||14,453||
||||||103,842|996|||104,838|7,133|
##
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##
|Charitable
activities||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||||Restricted|Endowment||Total|Total|
||||||fundsf||funds
f|funds|f|2022|2021|
|Exhibitions,
events, collections|||||75,708||948|||76,656|6,217|
|Management
and other project||||||||||||
|expenses||||||||||||
|General repairs|||||30,788||4,178|||34,966|11,458|
|Development
costs||||||||||||
|Depreciation|||||17,002||1,454,294|||1,471,296|18,027|
|(Profit) / loss on disposal||of||||||||||
|tangible fixed assets|||||11,902|||||11,902||
|Bad debts|||||263|||||263||
|Travel and subsistence|||||5,908||2,721|||8,629|8,010|
|Employment
costs||||328,093|||319,901|||647,994|640,367|
|Staff training|||||6,813||560|||7373||
|Establishment
costs||||127,678|||31,124|||158,802|184,262|
|Marketing
and promotion|||||52,698||37,387|||90,085|74,791|
|Generalexpenses|||||3,684|||||3,684||
|Office and administration||||||||||||
|expenses|||||32,411||31,009|||63,420|22,641|
|Loan interest|||||64,763|||||64,763||
|Other tinance charges|||||6,592||33|||6,625|2,445|
|Printing,
postage and stationery|||||17,689||612|||18,301|22,409|
|Professional
fees|||||28,192||5,860|||34,052|31,126|
|||||810,184|||1,888,627|||2,698,811|1,021,753|
|Net income
/ (expenditure)|||for the|year||||||||
|Net income
/ (expenditure)|||is stated|ager|charging|/|(crediting):|||||
|||||||||||2022|2021|
|||||||||||f|f|
|Dcprcciation oftangible||tixed assets||||||||1,471,296|18,026|
|(Profit) / loss on disposal||ofinvestments||||||||3|(16,829)|
|(Profit) / loss on disposal||oftangible||fixed assets||||||11,902||
|Impairment
ofstock|||||||||||22|
|Operating
lease rentals||||||||||34,563|35,321|
|(Profit) / loss on fair value|||movement|of|investments|||||(7,050)|22|
|Independent
auditor's|remuneration:|||||||||||
|Audit services||||||||||4,975|5,000|
|Other services||||||||||2,450|3,784|
##
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|follows;|||||||
|---|---|---|---|---|---|---|
||||2022|2022|2021|2021|
||||Number|FTE|Number|FTE|
|Raising funds|||1.0|0.4|1.0|0.4|
|Charitable|activities||27.0|18.0|22.0|16.2|
|Governance|||1.0|0.6|1.0|0.6|
||||29.9|19.0|24.0|17.2|
|The total staff costs||and employee|benefits were as follows:||||
||||||2022|2021|
||||||f||
|Wages and|salaries||||578,230|532,014|
|Social security|||||37,006|35,948|
|Defined contribution||pension costs|||19,939|26,000|
|Defined benefit pension operating|||costs||74,115|46,405|
||||||709,290|640,367|
##
##
|13|interest payable and similar expenses||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f,|f|
||Bank loans and overdrafts||||1,253|1,288|
||Credit card interest||||5,372|1,157|
||||||6,625|2,445|
|14|Tangible fixed assets||||||
||||||Fixtures,||
|||Freehold||Land and|littings and||
|||Properties|f|Buildings|equipmentf|Total
f|
||Cost or valuation:||||||
||At
I April 2021|387,235||15,252,961|301,116|15,941,312|
||Additions|||546,130|7,865|553,995|
||Disposals|||(21,356)|(185,132)|(206,488)|
||At 31 March 2022|387,235||15,777,735|123,849|16,288,819|
||Depreciation:||||||
||At I April 2021|||26,430|205,939|232,369|
||Charge for the year|||1,453,684|17,612|1,471,296|
||Eliminated
on disposals|||(17,699)|(176,887)|(194,586)|
||At 31 March 2022|||1,462,415|46,664|1,509,079|
||Net book value:||||||
||At 31 March 2022|387,235||14,315,320|77,185|14,779,740|
||At 31 March 2021|387,235||15,226,531|95,177|15,708,943|
##
##
|15|Heritage assets|||
|---|---|---|---|
|||Collections|Total|
|||g||
||Cost or valuation:|||
||At
1 April 2021|1,032,639|1,032,639|
||Additions|2,278|2,278|
||Disposals|||
||At 31 March 2022|1,034,917|1,034,917|
||Depreciation:|||
||At
1 April 2021|||
||Charge for the year|||
||Eliminated
on disposals|||
||At 31 March 2022|||
||Net book value:|||
||At 31 March 2022|1,034.917|1,034,917|
||At 31 March 2021|1,032,639|1,032,639|
##
##
##
|||||||2022|2021|2020|2019|201$|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||f|||f|f|
||Purchased|additions|||||||||
||Assets held at cost|||||2,278|136,270|27,405|46,670|5,905|
||Donated additions||||||||||
||Assets held at 'deemed'||||cost||||||
||Total additions|||||2,278|136,270|27,405|46,670|5,905|
||Impairment||||||||||
||Assets held at cost||||||||||
||Total impairment||||||||||
||Nct Book|Value Disposals|||||||||
||Assets held at cost||||||||141,178||
||Total NBV disposals||||||||141,178||
|16|investments||||||||||
||||||||||2022|2021|
||||||||||f|f|
||Investment|properties|(note 17)||||||250,000|250,000|
||Quoted investments||(note||18)||||176,410|168,953|
||Unquoted|investments||(note 19)|||||I|I|
||Cash held|by investment|||manager||||849|2,928|
||||||||||427 268|427 882|
|17|Investment|property|||||||||
||||||||||2022|2021|
||||||||||f|f|
||Fair value|at I April|2021||||||250,000|250,000|
||Additions||||||||||
||Unrealised|gains/(losses)|||on revaluation||||||
||Fair value|at 31 March||2022|||||250,000|250,000|
||Cost at 31|March 2022|||||||250,000|250,000|
##
##
##
##
|Quoted in|ve|stmcnts|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|f|
|Fair value|at|1 April 2021|||168,953|149,222|
|Additions|||||22,845|67,299|
|Disposals|||||(22,435)|(64,375)|
|Realised gains/(losses)|||on|disposal|(3)|(22)|
|Unrealised|gains/(losses)|||on revaluation|7,050|16,829|
|Fair value|at|31 March|2022||176,410|168,953|
|Cost at 31|March 2022||||151,808|152,196|
##
##
|20|Stocks||||
|---|---|---|---|---|
||||2022|2021|
||Goods for resale||11,000||
|21|Debtors||||
||||2022|2021|
|||||f|
||Trade debtors||24,653|394,929|
||Other debtors||9,968|169,609|
||Prcpayments|and accrued income|2,840|590,346|
||||37,461|1,154,884|
##
##
##
##
|Creditors: amounts|falling due within
one year|||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Loans||992,667|155,000|
|Trade creditors||22,690|786,556|
|Accruals and deferred income||161,425|246,239|
|Other creditors||10,081|9,460|
|Taxation and social security||4,338|7,912|
|||1,191,201|1,205,167|
|Creditors: amounts|falling due after more than onc year|||
|||2022|2021|
|Loans||1,122,333|2,085,000|
##
##
||2022|2021|
|---|---|---|
||g||
|Not later than one year|42,722|20,916|
|Later than one year but not later than five years|26,479|33,000|
|Later than tive years||24,750|
||69,201|78,666|
##
##
##
##
|Unrestricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
|||Balance at|||||Gains
/|Balance at|
|||2021
f|Income|Expenditure|f|Transfers
f|losses
f|2022
f,|
|Unrestricted|||||||||
|General fund||(872,951)|837,849|(887,460)||(2,277)|7,047|(917,792)|
|Designated
Collections|funds|1,032,639||||2,277||1,034,916|
|Life memberships||9,446||||||9,446|
|Dugdale Trust||941||||||941|
|Liil||5,000||||||5,000|
|||175,075|837,849|(887,460)|||7,047|132,511|
|Pension reserve||(979,000)||(51,000)|||209,000|(821,000)|
|Revaluation|reserve||||||||
|||(803,925)|837,849|(938,460)|||216,047|(688,489)|
##
##
##
##
|||Balance at||||Gains|/|Balance at|
|---|---|---|---|---|---|---|---|---|
|||2021|Income|Expenditure|Transfers|losses||2022|
|||f|f||f||f|f|
|Tomorrow's
Museum|for|Dorset:|||||||
|Heritage Lottery Fund||11,279,178|554,816|(1,895,405)||||9,938,589|
|Other funding||3,943,911||||||3,943,911|
|Dewlish Mosaic Public|||||||||
|Appeal|||50,025|||||50,025|
|Dorset Archaeological|||||||||
|Committee||48,856||||||48,856|
|Jurassic Coast Gallery||9,974||||||9,974|
|Monograph
Fund||8,042||||||8,042|
|Museum
Makers||(1,207)||||||(1,207)|
|Gentleman's
Magazine||3,001||||||3,001|
|WDDC Social|||||||||
|Inclusion||885||||||885|
|Funds under E1,000||813|100|(78)||||835|
|Bames - Dugdale|||||||||
|portrait||||||||382|
|Treasure Acquisitions|||||(5,000)|||3,256|
|Museums
Partnership||||||||8,020|
|The Anne James Fine|||||||||
|Art Acquistion
Fund|||||5,000|||5,000|
|||15,310,111|604,941|(1,895,483)||||14,019,569|
|Endowment
funds|||||||||
|Charles Hansford
fund||500||||||500|
|||15,310,611|604,941|(1,895,483)||||14,020,069|
|Total funds||14,506,686|1,442,790|(2,833,943)||216,047||13,331,580|
##
##
##
##
##
##
##
##
##
|Analysis|ofnet|assets between
funds|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||2022|2022|2022|2022|
|||||||f|
|Fixed assets|||1,924,815|14,317,102||16,241,917|
|Cash and|current|investments|175,236|||175,736|
|Other current assets / liabilities|||(845,207)|(297,533)||(1,142,740)|
|Creditors|more than one year||(1,122,333)|||(1,122,333)|
|Provisions|/ pensions||(821,000)|||(821,000)|
||||(688,489)|14,019,569|500|13,331,580|
||||Unrestricted|Restricted|Endowment|Total|
||||2021|2021|2021|2021|
||||f|f||f|
|Fixed assets|||1,940,374|15,223,089||17,163,463|
|Cash and|current|investments|369,983|87,022|500|457,505|
|Other current assets / liabilities|||(50,282)|||(50,282)|
|Creditors|more than one year||(2,085,000)|||(2,085,000)|
|Provisions|/ pensions||(979,000)|||(979,000)|
||||(803,925)|15,310,111|500|14,506,686|
|28|Reconciliation ofnet income|/|(expenditure)|(expenditure)|to net cash liow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||Net income / (expenditure)
for|the year||||(1,379,768)|5,290,888|
||Dividends
received|||||(4,153)|(4,150)|
||Rents received
from investment||properties|||(4,980)|8|
||Interest receivable|||||(14)|(98)|
||Interest payable|||||64,763||
||Depreciation
and impairment
of||tangible|fixed|assets|1,471,296|18,026|
||(Gains) / losses on investments|||||(7,050)|(16,829)|
||(Profit) / loss on disposal oi' tangible
fixed assets|||||11,902||
||(Profit) / loss on disposal oflixed asset investments|||||3|22|
||Post-employment
benefits
less|payments||||51,000|27,000|
||(Increase) / decrease
in stock|||||(11,000)||
||(Increase)
/ decrease in debtors|||||1,117,423|363,803|
||Increase / (decrease) in creditors|||||(976,633)|(133,441)|
|||||||332,789|5,545,229|
##
##
##
##
##
##
##
##
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||g'000|g'000|
|Current service cost|||54|36|
|Past service cost|||||
|Net interest income|/ expense||19|16|
|Administration
expenses|||1|1|
|Recognised
in net income||/ expenditure|74|53|
|Recognised
in other|gains|/ losses|||
|Total cost recognised|||74|53|
|Amounts
recognised|in the|balance sheet were as follows:|||
||||2022|2021|
||||f'000|g'000|
|Present value offunded obligations|||2,054|2,109|
|Fair value ofplan assets|||(1,233)|(1,130)|
||||821|979|
##
##
##
|Changes
in the present value ofthe|defined benefit obligations|defined benefit obligations|defined benefit obligations|were as follows;|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f'000|K'000|
|Opening defined benetit obligation|||||2,109|1,613|
|Current service cost|||||54|36|
|Past service cost|||||||
|Interest expense|||||42|38|
|Actuarial
(gains) / losses|||||||
|Change
in financial
assumptions|||||(123)|494|
|Change
in demographic
assumptions||||||(18)|
|Experience gain/ loss on defined benefit||obligation|||5|(23)|
|Contributions
by scheme participants|||||6|7|
|(Estimated)
benefits paid (net oftransfers
in)|||||(39)|(38)|
|Closing defined benetit obligation|||||2,054|2,109|
|Changes
in the fair value ofthc pension||plan assets were|as follows:||||
||||||2022|2021|
||||||K'000|f'000|
|Opening
plan assets|||||1,130|918|
|Interest income|||||23|22|
|Actual return on plan assets (excluding||interest income)|||91|196|
|Other actuarial
gains / (losses)|||||||
|Administration
expenses|||||(I)|(I)|
|Contributions
by charity (included
unfunded)
Contributions
by scheme participants|||||23
6|26
7|
|(Estimated)
benefits paid (plus unfunded||net oftransfers|in)||(39)|(38)|
|Closing plan assets|||||1,233|1,130|
##
##
##
##
##
|was as follow||s:||||||
||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||0'000|f'000|
|Equity instruments||||||||||656|615|
|Debt instruments|||(bonds)|||||||||
|Gilts||||||||||153|129|
|Other bonds||||||||||62|65|
|Property||||||||||115|106|
|Other assets||||||||||||
|Cash||||||||||25|26|
|Diversified|Growth|||Fund||||||81|56|
|Infrastructure||||||||||84|69|
|Multi Asset||Credit||||||||57|58|
|Secured Income|||Funds||||||||6|
|||||||||||1,233|1,130|
|The principal||actuarial|||assumptions||used were as follows:|||||
|||||||||||2022|2021|
|Discount rate||||||||||2.60|2.00|
|Expected rates of|||salary||increases|||||4.20|3.85|
|Expected rates of|||pension|||increases||||3.20|2.85|
|Expected rate||ofinflation||||-RPI||||n/a|3.20|
|Expected rate||ofinflation||||-CPI||||3.20|2.85|
|The mortality||assumptions||||used for|longevity|(in years) on retirement|at age 65 are:|||
|||||||||||2022|2021|
|||||||||||years|years|
|Retiring at the||balance sheet date||||||||||
|- Males||||||||||23.1|23.1|
|- Females||||||||||24.7|24.6|
|Retiring
in 20||years||||||||||
|- Males||||||||||24.4|24.4|
|- Females||||||||||26, 1|26.0|
##
##
##
|expenditure|are as follows:||||
|---|---|---|---|---|
||||2022|2021|
|Financial assets|||||
|Measured|at fair value through|net income / expenditure:|||
|-Fixed asset investments|||427,260|421,881|
|Measured|at amortised cost||||
|- Debt instruments|||203,961|1,442,584|
||||631,221|1,864,465|
|Financial|liabilities||||
|Measured|at amortised cost||2,306,751|3,279,972|
|Income and expense|Income and expense||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets measured|at fair value through|||net income||/ expenditure||4,153|4, 150|
|Financial|assets, that are|debt|instruments,|measured||at amortised||cost|||
|Financial|liabilities
measured||at amortised|cost|||||||
|Net gains
Financial|and losses
assets measured|at|fair value through||net|income|/ expenditure||7,047|16,807|
|Financial|assets, that are|debt|instruments,|measured||at amortised||cost|||
|Financial|liabilities
measured||at amortised|cost|||||||