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|---|---|---|---|---|
|Report ofthe|Trustees|1|to|8|
|Independent|Examiner's
Report||||
|Statement of|Financial Activities||10||
|Balance Sheet||11|to|12|
|Notes to the Financial Statements||13|to|23|
|Detailed Statement of Financial Activities||26|to|27|
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|Registered office|Registered office||||
|---|---|---|---|---|
|The Coffin Works|||||
|13 - 15Fleet Street|||||
|Birmingham|||||
|83 1JP|||||
|Trustees|||||
|R Garside||-appointed|18.12.2017||
|A M French||-appointed|01.06.2023||
|THasker||-appointed|01.06.2023||
|R J Ellis Hayes||-appointed|01.06.2023|-resigned 17.11.2023|
|KJarrett||-appointed|01.06.2023||
|8J Parker||-appointed|25.12.2019||
|J W Hanson||-appointed|11.03.2019||
|5 W Lovell-Huckle||-appointed|12.03.2018||
|G Kenth||-appointed|01.11.2016|-resigned 01.06.2023|
|C Cushing||-appointed|01.11.2016|-resigned 01.06.2023|
|Independent|Examiner||||
|J W Hinks
LLP|||||
|Chartered
Accountants|||||
|19Highfield
Road|||||
|Edgbaston|||||
|Birmingham|||||
|West Midlands|||||
|8153BH|||||
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes|E|E|E|f|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations|and legacies||||14,813|976|15,789|95,959|
|Charitable|activities||||||||
|Charitable|activities||||52,315||52,315|22,503|
|Other trading activities|||||8,037||8,037|7,164|
|Investment|income||||50,903||50,903|46,759|
|Total|||||126,068|976|127,044|172,385|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Charitable|activities||||141,886|15,535|157,421|207,945|
|NET INCOME/(EXPENDITURE)|||||(15,818)|(14,559)|(30,377)|(35,560)|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds|brought|forward|||103,084|1,462,285|1,565,369|1,600,929|
|TOTAL FUNDS CARRIED FORWARD|||||87,266|1,447,726|1,534,992|1,565,369|
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Tote
I|
|||fund|funds|funds|funds|
||Notes|E|E|E|E|
|FIXEDASSETS||||||
|Tangible assets|12|16,852|697,271|714,123|726,660|
|Heritage assets|13||750,454|750,454|750,454|
|Investments||||||
|investments|14|15||15|15|
|Investment
property|15|||1|1|
|||16&867|1,447,726|1,464,593|.1,477,130|
|CURRENT ASSETS||||||
|Debtors|16|9,830||9,830|13,871|
|Prepayments
and accrued income||7,279||7,279|9,164|
|Cash at bank||74,674||74,674|87,789|
|||91,783||91,783|110,824|
|CREDITORS||||||
|Amounts
falling due within one year|17|(21,384)||(21,384)|(22,585)|
|NET CURRENT ASSETS||70,399||70,399|88,239|
|TOTAL ASSETSLESSCURRENT LIABILITIES||87,266|1,447,726|1,534,992|1,565,369|
|NET ASSETS||87,266|1,447,726|i&534&992|1,565,369|
|FUNDS|19|||||
|Unrestricted
funds||||87&266|103,084|
|Restricted funds||||1,447,726|1,462,285|
|TOTALFUNDS||||1,534,992|1,565,369|
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|4.|INVESTMENT|INVESTMENT|INCOME|INCOME||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||6|6|
||Rental income|||||||50,903|46,755|
||Bank interest||receivable||||||4|
|||||||||50,903|46,759|
|5.|INCOME|FROM||CHARITABLE ACTIVITIES||||||
||||||Activity|||2023f|2022
f|
||Museum|income|||Charitable|activities||52,315|22,503|
|6.|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||Direct|Support||
||||||||Costs (see|costs (see'||
||||||||note 7)
E|note 8)
f|Totals
6|
||charitable|activities|||||90,998|66,423|157r421|
|7.|DIRECT COSTS||OF CHARITABLE||ACTIVITIES|||||
|||||||||2023|2022|
|||||||||f|f|
||Staff costs|||||||72,251|70,477|
||Exhibition|costs||||||7,821|4,309|
||Equipment|and materials||||||4,830|33,291|
||Marketing|and|publicity||||||2,591|
||Web and|graphic||design||||4,614|13,557|
||Advertising|||||||1,430||
||Interest payable|||and similar charges||||52|118|
|||||||||90,999|124,343|
##
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||||||||Information|Support|Governance||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||technology|costs|costs|Totals|
||||||||f|f|f|f|
|Charitable|activities||||||8,861|55,562|2,000|66,423|
|Support costs, included||||in|the above, are as||follows:||||
||||||||||2023|2022|
||||||||||Charitable|Total|
||||||||||activities|activities-|
||||||||||f|f|
|Repairs and||renewals|||||||8,861|19,092|
|Staff and volunteer|||training||||||167|1,583|
|Insurance|||||||||6,446|6,202|
|Utilities|||||||||11,744|' 10,927|
|Office costs|||||||||8,826|12,523|
|Sundry|||||||||6,422|7,954|
|Professional||fees|||||||5,418|7,111|
|Depreciation||oftangible||fixed assets|||||16,539|16,210|
|Examiner's||fees|||||||2,000|2,000|
||||||||||66,423|83,602|
|NET INCOME/(EXPENDITURE)|||||||||||
|Net income/(expenditure)|||||is|stated after charging/(crediting):|||||
||||||||||2023
f|2022f|
|Depreciation||—owned assets|||||||16,539|16,209|
|TRUSTEES' REMUNERATION||||||AND BENEFITS|||||
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|HERITAGE ASSETS|||
|---|---|---|
|||Total|
|||E|
|MARKET VALUE|||
|At 1April 2022 and 31March 2023||750,454|
|NET BOOK VALUE|||
|At 31March 2023||750,454|
|At 31March 2022||750,454|
|Newman
Brothers Museum|||
|The collections maintained|by the charity are not capitalised,||
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|FIXEDASSET INVESTMENTS||
|---|---|
||Shares in|
||gl oup|
||undertakings|
||E|
|MARKET VALUE||
|At 1April 2022 and 31March 2023|15|
|NET BOOK VALUE||
|At 31March 2023|15|
|At 31March 2022|15|
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|DEBTOR|S:AMOUNTS
FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2023|2022|
||||f|
|Trade debtors||1,919|3,964|
|Amounts|owed by group undertakings|4,943|1,868|
|VAT||2,968|8,039|
|||9,830|13,871|
##
|CREDITO|RS: AMOUNT|S
FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Trade creditors|||12,677|15,793|
|Social security and other taxes|||1,687|1,691|
|Accruals|and deferred|income|7,020|5,101|
||||21,384|22,585|
##
||2023|2022|
|---|---|---|
||E|E|
|Within one year|936|936|
|Between one and five years|1,586|2,392|
||2,522|3,328|
##
|MOVEMEN|T|IN FUNDS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.22|in funds|31.3.23|
||||E|f|f|
|Unrestricted||funds||||
|General
fund|||103,084|(15,818)|87,266|
|Restricted|funds|||||
|Coffin Works||fund|1,462,285|(15,082)|1,447,203|
|Ironbridge|fund|||523|523|
||||1,462,285|(14,559)|1,447,726|
|TOTALFUN|DS||1,565,369|(30,377)|1,534,992|
##
##
|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources
E|expended
f|in funds
E|
|Unrestricted|funds||||||||
|Generalfund||||||126,068|(141,886)|(15,818)|
|Restricted funds|||||||||
|Coffin Works|fund||||||(15,082)|(15,082)|
|Ironbridge
fuhd||||||976|(453)|523|
|||||||976|(15,535)|(14,559)|
|TOTALFUNDS||||||127,044|(257/22)|(30,377)|
|Comparatives|for movement||||in funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.21|in funds|31.3.22|
|||||||E|E|E|
|Unrestricted|funds||||||||
|General fund||||||116,204|(13,120)|103,084|
|Restricted funds|||||||||
|Coffin Works|fund|||||1,480,520|(18,235)|1,462,285|
|Historic England||Emergency||Heritage at|||||
|Risk Fund||||||3,750|(3,750)||
|The Esme Fairbairn|||Foundation||supported||||
|by the Museums||Association||||455|(455)||
|||||||1,484,725|(22,440)|1,462,285|
|TOTALFUNDS||||||1,600,929|(35,560)|1,565,369|
##
||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|
||||||resources|expended|in funds|
||||||f|f|f|
|Unrestricted
funds||||||||
|General fund|||||100,945|(114&065)|(13,120)|
|Restricted funds||||||||
|Coffin Works fund||||||(18,235)|(18,235)|
|Historic England|Emergency||Heritage at|||||
|Risk Fund|||||1,250|(5,000)|(3,750)|
|The Esme Fairbairn||Foundation||supported||||
|by the Museums|Association|||||(455)|(455)|
|Birmingham
City|Council ARG|||Grant|15,340|(15,340)||
|Culture Recovery|Fund||||21,100|(21,100)||
|Culture
Recovery|Fund - Continuity|||||||
|Support Grant|||||33,750|(33,750)||
||||||71,440|(93,880)|(22,440)|
|TOTAL FUNDS|||||172,385|(207,945)|(35,560)|
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