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|||Page|
|---|---|---|
|Trustees'<br>report|||
|Independent|auditors'<br>report|14|
|Consolidated|Statement<br>of Financial Activities|17|
|Consolidated|and company<br>balance sheets|18|
|Consolidated|cash flow statement|19|
|Notes to the|financial statements|20|





## 

## 

|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:||Yorkshire Sculpture|Park||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity registration||number:|||1087908|||||||
|Company|registration||number:||03498700|||||||
|Directors|and Trustees:||||P Clegg (Chair)|||||||
||||||Sir R M Walker (Vice Chair)|||||||
||||||Rt. Hon. A Milbum (Vice Chair)|||||||
||||||SArmitage CBE<br>JFoster CBE||Appointed|||24 May 2022||
||||||C Lord|||||||
||||||M McRae|||||||
||||||R Nabarro|||||||
||||||M de Peverelli|||||||
||||||SQureshi||Appointed|||14July 2021||
||||||SStuart-Smith||Appointed|||14July 2021||
||||||Baroness SWarsi|||||||
||||||R Watts||Appointed|||9 November 2022||
||||||M von Wistinghausen|||||||
||||||G Worthington|||||||
|Secretary|and Registered|||Office:|P Rogers|||||||
||||||Bretton Hall|||||||
||||||West Bretton|||||||
||||||Wakefield|||||||
||||||West Yorkshire|||||||
||||||WF4 4LG|||||||
|Principle|Officers:||||P Murray CBE —Executive Director||||Retired 31 March 2022|||
||||||C Lilley —Director||||Appointed||1 March 2022|
||||||H Featherstone —Deputy Director|||||||
||||||M Chesman —Head|ofEstates &||Projects||||
||||||J Penney —Head of|Trading|&Visitor||Engagement|||
||||||Dr. H Pheby —Head|ofCuratorial||Programme||||
||||||P Rogers —Head of|Finance||||||
||||||RWilliams —Head ofDevelopment|||||||
||||||KYoung —Head ofMarketing||&PR|||||





## 

## 

|Report ofthe Trustees fo|r the year ended 31March 2|022 (c|ontinued)|
|---|---|---|---|
|Bankers:|Lloyds Bank|||
||17Westgate|||
||Wakeiield|||
||WF1 1JZ|||
|Auditors:|Hawsons<br>Chartered||Accountants|
||Statutory Auditors|||
||Pegasus House|||
||463a Glossop Road|||
||Sheffield|||
||S102QD|||
|Solicitors:|Squire Patton|Boggs||
||6Wellington|Place||
||Leeds|||
||LS14NP|||
||Counterculture|Partnership||
||Unit NH.204,|E1 Business Studios||
||7Whitechapel|||
||London|||
||E1 1DU|||





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Yorkshire Sculpture Parft
Independent Auditors, Report to the Members of Yorkshlre Sculpture Park Icontlnuod)
The extent to which our procedures are capable of detecling irregularibe5. induding fraud is detsiled below..
The tharitable company is sU￿"￿t to laws WKI regulath)ns that dir¢￿ty and indirectly affect the financAal
statements. Based on our understanding of the charitable company and the environment il operates within, we
determined that Ihe laws and regulations which were most signtficant induded FRS 102, Companies Act 2006.
Health and Safety regulations and the Charities Act 2011. We Considered the extent lo which non-compliance
th these laws and regulatrons might have a material effect on the financial ststements, induding how fraud
might occur. We evaluated management's incenlwes and opportullrties for fraudulent manipulation of the
financ5al slalemenls (including the risk of override of ￿ntrOlS). and determined that the prtncipal risks were
Yelated lo the posling of inappropriate journal entries lo improve the company's result for the period, and
management bias in key accounting estimates.
Audit procedures performed by the engagement team includ&J.'
Discussions wtth management and those respOns￿le for legal compliance pretedures within the charitable
company lo obtsin an understanding of the legal arKI regulatory framework applicable lo the charitable
company and how the charitable company complies wth that framework, including consideration of known
or suspected instances of non-compliance with laws and regulations arKI fraud..
Reviewing minLrtes of Truslee meeling$.'
Idenlfying and assessing the design effectNene5s of controls that management has in place to prevent and
detect fraud and non-compliance with laws and regulations;
Challenging assumptions and judgements made ty management in their signfficanl accounting estimates.
Idenlrfying and lesling joumal entries, in particular any joumal entries posted with unusual account
combinations or posted by senior management.
There are inherent limitations in the audit procedures described above and the more removed non<ompliance
with laws and regulations is from the events and transactions reflected in the financial statements. the less likely
we are to become aware of rt. Also, the risk of not detecting a material misstalement due lo fraud is higher than
the risk of not detecting one Tesufting from error. as fraud may involve deliberate concealment by, for exampte,
forgery or intenb'onal misrepresentatiorts. or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
vAww.frc.org.uklaudtiorslaudil-assurancelauditor-s-responsibilrtie5-for-the-audrt4)f-th&Ndescription-ol-Ihe-
audilorfs-responsibililies-for. This description fomis part of our aL￿ltOr'S report.
Use of our report
This report is made solely to the charitable company's members, as a body. ill accordance with Chapter 3 of
Part 16 ofthe Companies Act2006. Our audit work has been undertaken so that we might State lo the charitable
company's members those matters we are required lo slate to them in an audrtorfs report and for no other
purpose. To the fullest extent pemirtted by law. we do not accept or assume responsibilty to anyone other than
the charitable company and the chaiitable company's members as a body, for our audit work, for this report. or
for the opinions we have fomed.
Simon Bladen, Senior Stalulory Auditor
For and on behalf of Hawsons Chartered Accountants. Statutory Auditors
Pegasus House
463a Glossop Road
Sheffield
S102QD
Date..
-2022
16

## 

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## 

|||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|
||Notes|Funds<br>f|Funds<br>f|Total<br>6|Totalf|
|Incoming resources||||||
|Grants, donations<br>and legacies||2,310,980|320,989|2,631,969|5,102,681|
|Other trading<br>activities||4,470,887||4,470,887|1,998,891|
|Investments||13||13|78|
|Other income||468,690||468,690|291,238|
|Total incoming resources||7,250,570|320,989|7,571,559|7,392,888|
|Resources expended||||||
|Raising funds||2,438,498|100,000|2,538,498|1,503,153|
|Charitable<br>activities||3,878,936|867,607|4,746,543|3,880,577|
|Total resources expended||6,317,434|967,607|7,285,041|5,383,730|
|Net (outgoing)I incoming||||||
|resources before transfers||933,136|(646,618)|286,518|2,009,158|
|Transfers<br>between funds||||||
|Fair value adjustment|5|104,488||104,488||
|Net movement<br>in funds||1,037,624|(646,618)|391,006|2,009,158|
|Funds brought forward||12,923,913|11,253,128|24,177,041|22,167,883|
|Funds carried forward||13,961,537|10,606,510|24,568,047|24,177,041|





## 

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## 

|1 March 2022||||||||
|---|---|---|---|---|---|---|---|
|||||31 March||31 March||
||||Notes|2022||2021||
|||||Group<br>6|Company<br>5|Group<br>E|Companyf|
|Fixed assets||||||||
|Tangible assets|||9|13,527,929|13,527,929|13,881,744|13,881,744|
|Heritage assets|||11|7,022,159|7,022,159|6,756,271|6,756,271|
|Investments|||12||2||2|
|Investment<br>property|||10|4 047,000|1,847,000|1,742,512|1 742 512|
|||||22,397,088|22,397,090|22,380,527|22,380,529|
|Current assets||||||||
|Stock|||13|395,842||309,095||
|Debtors|||14|491,928|470,184|411,653|859,714|
|Cash at bank and in||hand||2,415,205|2,178,846|1,849,339|1,331,049|
|||||3,302,975|2,649,030|2,570,087|2,190,763|
|Creditors —amounts<br>due within one<br>year||falling|15|P06,333)|(766,646)|(313,374)|(294,777)|
|Net current assets||||2,596,842|1,882,384|2,256,713|1,895,986|
|Total assets less <br>liabilities|current|||24,993,730|24,279,474|24,637,240|24,276,515|
|Creditors —amounts<br>due aRer one year||falling|16|(425,683)|(425,683)|(460,199)|(460,199)|
|Net assets||||24,568,047|23,853,791|24,177,041|23,816,316|
|Charity funds||||||||
|Restricted funds|||18|10,606,510|10,606,510|11,253,128|11,253,128|
|Unrestricted<br>funds|||19|13,961,537|13,247,281|12,923,913|12,563,188|
|Total charity funds||||24,568,047|23,853,791|24,177,041|23,816,316|





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## 

## 

||||Notes|2022|2021|
|---|---|---|---|---|---|
|||||F|6|
|Cash flow from operating|activities||21|833,144|1,387,215|
|Cash flow from investing|activities|||||
|Interest received||||13|78|
|Payments<br>to acquire tangible||fixed assets||(234,150)|(334,842)|
|Proceeds from the sale ofassets||||1,375||
|Net cash flow from investing||activities||(232,762)|(334,764)|
|Cash flow from financing|activities|||||
|Repayment<br>ofborrowings||||(34,516)|(31,996)|
|Net cash flow from financing||activities||(34,516)|(31,996)|
|Net increase<br>in cash and cash equivalents||||565,866|1,020,455|
|Cash and cash equivalents||at 1April||1,849,339|828,884|
|Cash and cash equivalents||at 31 March||2,415,205|1,849,339|
|Cash and cash equivalents||consist of:||||
|Cash at bank and in hand||||2,415,205|1,849,339|
|Cash and cash equivalents||at 31 March||2,415,205|1,849,339|





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|Income from grant|s,|donati|ons<br>and le|gacies||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
|||||2022f|2022|2022<br>6|2021<br>F|
|Donations||||108,462||108,462|73,088|
|Donated and legacy|heritage||assets|228,745||228,745|759,000|
|Total donations<br>and|legacies|||337,207||337,207|832,088|
|Arts Council England||||1,336,799||1,336,799|1,336,799|
|Arts Council England <br>emergency<br>fund||—COVID|||||350,000|
|Cultural<br>Recovery Fund||||402,006||402,006|402,007|
|Arts Council England||—BCP|Project|||||
|Wakefield<br>Council||||50,000||50,000|245,286|
|Henry Moore Foundation|||||||3,000|
|Liz &Terry Bramhall||Foundation|||100,000|100,000|100,000|
|Schwab Charitable|DAF|||||||
|Walk ofArt Income|||||100,142|100,142|96,618|
|Grants from other Trusts||||2,500||2,500|326,200|
|General grant income|||||120,847|120,847|132,500|
|Education Trusts —general income||||||||
|Government<br>furlough||scheme||81,130||81,130|1,078,184|
|Local authority<br>grants||||101,338||101,338|199,999|
|Total grants||||1,973,773|320,989|2,294,762|4,270,593|
|Total||||2,310,980|320,989|2,631,969|5,102,681|
|Income from other|trading||activities|||||
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
|||||2022|2022|2022|2021|
|||||5|5|6|5|
|Charitable trading:||||||||
|Car park income||||1,399,203||1,399,203|1,016,002|
|Longside income||||203,050||203,050|188,596|
|Educational<br>activities<br>income||and|workshop|66,405||66,405|(8,417)|
|Non-Chadtable:||||||||
|Income from trading|subsidiary|||2,802,229||2,802,229|802,710|
|||||4,470,887||4,470,887|1,998,891|





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## 

|Other i|ncom|e|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Total|Total|
||||||||fund|fund|funds|funds|
||||||||2022f|2022f|2022f|2021f|
|Sponsorship||income|||||28,314||28,314|38,232|
|Income|from|auction||sales|||||||
|Museum<br>income|and||Galleries||tax|relief|177,094||177,094|113,698|
|Other income|||||||263,282||263,282|139,308|
||||||||468,690||468,690|291,238|
|Expenditure||on|raising funds||||||||
||||||||Unrestricted|Restricted|Total|Total funds|
||||||||fund|fund|funds||
||||||||2022f|2022f|2022f|2021f|
|Charitable:|||||||||||
|Cost of|educational|||workshops|||2,495|45,000|47,495|1,079|
|Other costs|||||||19,492||19,492|8,642|
|Staff costs|||||||76,399|55,000|131,399|112,279|
|Non-Charitable:|||||||||||
|Trading|subsidiary||expenditure||||1,207,279||1,207,279|404,040|
|Trading|subsidiary||staff costs||||1,132,833||1,132,833|977,113|
||||||||2,438,498|100,000|2,538,498|1,503,153|



## 



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## 

## 

|Analysis of|expenditure<br>by fund typ|e||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total funds|
|||fund|fund|funds||
|||2022<br>E|2022<br>E|2022<br>6|2021f|
|NAEA||24,857||24,857|31,901|
|Development||128,731|48,108|176,839|145,004|
|Premises and establishment||813,519||813,519|882,606|
|Visitors centre||281,558||281,558|236,236|
|Exhibitions,|galleries and projects|1,238,387|227,408|1,465,795|895,935|
|BCPProject||57,831||57,831|26,368|
|Marketing||322,290||322,290|199,983|
|Other direct|costs|57,809||57,809|13,166|
|Depreciation||262,676|282,091|544,767|541,417|
|Supportcosts||691,278|310,000|1,001,278|907,961|
|||3,878,936|887,607|4,746,543|3,880,577|



## 

|Analysis of|expenditure<br>by activities||||
|---|---|---|---|---|
|||Activities|Support|Total funds|
|||undertaken|costs||
|||directly|||
|||2022|2022|2022|
|||F|E||
|NAEA||24,857|8,509|33,366|
|Development||176,839|44,087|220,906|
|Premises and establishment||813,519|278,483|1,092,002|
|Visitors centre||281,558|98,383|377,941|
|Exhibitions,|galleries and projects|1,465,795|423,924|1,889,719|
|BCP Project||57,831|19,797|77,628|
|Marketing||322,290|110,328|432,616|
|Other direct|costs|57,809|19,789|77,598|
|Depreciation||395,289|149,478|544,767|
|||3,595,787|1,150,758|4,746,543|





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||||||||Activities|Support|Total funds|
|---|---|---|---|---|---|---|---|---|---|
||||||||undertaken|costs||
||||||||directly|||
||||||||2021f|2021f|2021f|
|Unrestricted||||||||||
|NAEA|||||||31,901|12,722|44,623|
|Development|||||||145,004|47,407|192,411|
|Premises and|establishment||||||882,606|351,983|1,234,589|
|Visitors centre|||||||236,236|94,211|330,447|
|Exhibitions,<br>galleries|||and|projects|||895,935|306,117|1,202,052|
|BCPProject|||||||26,368|10,516|36,884|
|Marketing|||||||199,983|79,753|279,738|
|Other direct costs|||||||13,168|5,252|18,420|
|Depreciation|||||||376,046|165,369|541,415|
||||||||2,807,247|1,073,330|3,880,577|
|Analysis ofcosts||||||||||
|||||||Direct|Support|Direct|Support|
|||||||costs|costs|costs|costs|
|||||||2022f|2022f|2021f|2021|
|Staff costs||||||1,785,245|474,354|1,495,148|473,837|
|Depreciation||||||395,289|149,476|376,046|165,369|
|Fuel, light and|water|||||173,884|7,605|136,551|6,951|
|Printing,<br>postage, stationary<br>telephone|||||and|7,085|41,247|4,289|40,750|
|Photocopying,<br>photography|exhibition|||print and||21,944|10,887|7,957|4,277|
|Repairs, renewals,||tools and|||materials|202,195|9,380|182,111|5,497|
|Travel, subsistence<br>expenses|||and motor|||37,981|14,763|15,413|1,307|
|Signage,<br>sitting and|||installation|||1,317||6,034||
|Security||||||177,364|490|168,395|441|
|Books and research||||||16,048|39|10,872||
|Marketing<br>and|receptions|||||7,389||12,510||
|Training||||||4,973|31,105|35|8,661|
|Cleaning<br>and|refuse||removal|||57,740|192|38,201|159|
|Health and safety and uniforms||||||21,107||25,757||
|Subscrtiptions|and memberships|||||3,109|595|1,350|2,137|
|Advertising<br>and promotion||||||73,294||47,952||
|Computer<br>and|website costs|||||64,625|27,612|23,976|19,366|
|Exhibition<br>and|artists||costs|||398,387||102,916||
|Other direct costs||||||146,811||151,734||
|Other support|costs||||||222,627||193,489|
|Governance<br>costs|||||||160,384||151,089|
|||||||3,595,787|1,150,756|2,807,247|1,073,330|





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|Net income for the year||||||
|---|---|---|---|---|---|
|||||2022f|2021f|
|This is stated after charging:||||||
|Depreciation||||544,766|541,415|
|Fees payable to the Company's||auditors|in respect of:|||
|The audit ofthe Company's|annual accounts|||20,475|19,500|
|All taxation advisory services||||2,520|2,400|
|All non-audit<br>services not included above||||3,780|3,600|



## 

## 

|||2022|||2021||
|---|---|---|---|---|---|---|
||Groupf||Charityf|Groupf||Charityf|
|Wages and salaries|3,186,108||2,150,819|2,736,837||1,843,021|
|Social security costs|229,0?2||164,865|186,359||137,120|
|Pension costs|135,265||101,928|134,294||100,510|
||3,550,445||2,417,612|3,057,490||2,080,651|



||||2022||||2021||
|---|---|---|---|---|---|---|---|---|
|||Group||Charity|Group|||Charity|
|Raising funds||92||65||163||82|
|Charitable|activities|138||61||18||18|
|||230||126||181||100|



|||||Group|Group|
|---|---|---|---|---|---|
|||||2022|2021|
|||||No.|No.|
|In <br>In|the <br> the|band <br> band|f60,001 - f70,000<br> f80,001 - f90,000|||
|In|the|band|f100,001 - f110,000|||
|In|the|band|6110,001 - 120,000|||





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## 

## 

|9.|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
||Group and Charity||||||
|||||Plant,|Visitors||
|||||equipment<br>&|centre &||
|||Freehold|Leasehold|motor|underground||
|||Property|Budlings|vehicles|galley|Total|
|||6|E|6|||
||Cost||||||
||At 1 April 2021|8,133,984|175,000|2,787,787|9,987,864|21,084,635|
||Additions|4,156||160,375|27,476|192,007|
||Disposals|||(3,900)||(3,900)|
||At 31 March 2022|8,138,140|175,000|2,944,262|10,015,340|21,272,742|
||Depreciation||||||
||At 1 April 2021|869,886|31,500|2,177,953|4,123,552|7,202,891|
||Charge for the year|193,323|3,500|172,073|175,870|544,766|
||Eliminated<br>on<br>disposal|||(2,844)||(2,844)|
||At 31 March 2022|1,063,209|35,000|2,347,182|4,299,422|7,744,813|
||Net book value||||||
||At 31 March 2022|7,074,931|140,000|597,080|5,715,918|13,527,929|
||At 31 March 2021|7,264,098|143,500|609,834|5,864,312|13,881,744|






## 

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## 

|12.|Fixed asset|investments||||||
|---|---|---|---|---|---|---|---|
||||||||Investment|
||||||||in|
||||||||subsidiary|
||Charity||||||companies|
||||||||8|
||Cost or valuation|||||||
||At 1 April 2021 and 31 March 2022|||||||
||Subsidiary|||||||
||Name||Company||Registered|Class of|Holding|
||||number||office|share||
||YSPTrading|Limited|2498092||Bretton Hall,|Ordinary|100%|
||||||West Bretton,|||
||||||Wakefield,|||
||||||West Yorkshire,|||
||||||WF4 4LG|||
||The financial|results ofthe subsidiary|for the year|were:||||
|||||||Profit for||
||||Income||Expenditure|the year|Net assets|
|||||8|5|6|6|
||YSPTrading|Limited|2,945,323||(2,400,112)|545,211|714,258|
|13.|Stocks|||||||
|||||||Group|Group|
|||||||2022|2021|
|||||||8|5|
||Goods held|for resale||||395,842|309,095|



## 

|Debtors||||||||
|---|---|---|---|---|---|---|---|
||||2022|||2021||
|||Group<br>8||Charity<br>8|Group<br>F||Charityf|
|Trade debtors||42,890||33,913|15,525||15,197|
|Amounts<br>owed by group<br>undertakings|||||||452,221|
|Other debtors||126,163||113,396|134,522||130,690|
|M&G tax relief debtor||1?7,094||177,094|113,698||113,698|
|Prepayments|and accrued income|145,?81||145,781|147,908||147,908|
|||491,928||470,184|411,653||859,714|





## 

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## 

|||2022|||2021||
|---|---|---|---|---|---|---|
|||Group|Charity|Group||Charity|
|||E|E|E||E|
|Bank loans||52,443|52,443|52,443||52,443|
|Trade creditors||324,281|313,296|156,652||151,286|
|Amounts<br>owed by group<br>undertakings|||171,225||||
|Other taxation and social security||209,921|128,125||||
|Other creditors||13,579|13,579|176||176|
|Accruals||106,109|87,978|104,103||90,672|
|||706,333|766,646|313,374||294,777|
|Creditors: Amounts|falling due in more than one year||||||
|||2022|||2021||
|||Group|Charity|Group||Charity|
|||E|E|F||E|
|Bank loans||425,683|425,683|460,199||460,199|



## 

## 

|The|ageing|ofthe bank loans isas foll|ows:||||||
|---|---|---|---|---|---|---|---|---|
|||||2022|||2021||
||||Group||Charity|Group||Charity|
||||E||E|||E|
|Due|in one year||52,443||52,443|52,443||52,443|
|Due|between|two and five years|209,772||209,772|209,772||209,772|
|Due|in more|than five years|215,911||215,911|250,427||250,427|
||||478,126||478,126|512,642||512,642|





## 

## 

## 

|18.|Restricted funds||||||
|---|---|---|---|---|---|---|
||Group and Chadity - 2022|Balance at|Incoming|Resources|Transfer|Balance at|
|||31 March|resources|expensed||31 March|
|||2021||||2022f|
||Bretton Country<br>Park|3,818,614||(73,513)||3,745,101|
||Visitors|5,852,628||(175,865)||5,676,763|
||centre/underground<br>gallery||||||
||14-18Now WWI||15,000|(15,000)|||
||Centenary<br>Art Commission||||||
||Henry Moore Foundation||||||
||Liz and Terry Bramhall|100,000|100,000|(200,000)|||
||Foundation||||||
||ACE Sustain Fund|560,147||||560,147|
||Car park extension<br>project|475,789||(32,713)||443,076|
||Marian Goodman<br>Gallery||||||
||Rotheschild<br>Foundation||||||
||Petr Aven||||||
||David Family|10,842||(10,842)|||
||Sir Ken 8 Lady Morrison|16,522||(16,522)|||
||Production<br>Park||||||
||Ernest Hecht Foundation|5,236||(5,236)|||
||Walk ofArt|70,489|100,142|(48,108)||122,523|
||Oak Project|32,881|98,347|(79,808)||51,400|
||Bloomberg<br>App Project||||||
||Wolfson Fdn|145,000||(145,000)|||
||Piercy &Co||||||
||Finnis Scott Foundation||||||
||John SCohen Foundation||||||
||Garfield Weston|65,000||(65,000)|||
||Foundation||||||
||Dunard<br>Fund|100,000||(100,000)|||
||Rainbow<br>Heron||7,500|||7,500|
||Total restricted funds|11,253,128|320,989|(967,607)||10,60B,510|





## 

## 

## 

## 

## 



## 

## 

## 

|18.|Restricted funds (continued)||||||
|---|---|---|---|---|---|---|
||Group and Charity - 2021|Balance at|Incoming|Resources|Transfer|Balance at|
|||31 March|resources|expensed||31 March|
|||2020f||||2021<br>E|
||Bretton Country<br>Park|3,891,178||(72,564)||3,818,614|
||Visitors|6,019,941||(167,313)||5,852,628|
||centre/underground<br>gallery||||||
||14-18Now Wyw|9,500||(9,500)|||
||Centenary<br>Art Commission||||||
||Henry Moore Foundation||3,000|(3,000)|||
||Liz and Terry Bramhali||100,000|||100,000|
||Foundation||||||
||ACE Sustain Fund|560,147||||560,147|
||Car park extension project|316,861|195,286|(36,358)||475,789|
||Marian Goodman<br>Gallery||||||
||Rotheschild<br>Foundation||1,500|(1,500)|||
||PetrAven||||||
||David Family|13,553||(2,711)||10,842|
||Sir Ken &Lady Morrison|20,652||(4,130)||16,522|
||Production<br>Park||||||
||Ernest Hecht Foundation|6,545||(1,309)||5,236|
||Walk ofArt||96,618|(26,129)||70,489|
||Oak project||80,000|(47,139)||32,861|
||Bloomberg App Project||50,000|(50,000)|||
||Wolfson Fdn||145,000|||145,000|
||Piercy &Co||2,500|(2,500)|||
||Finnis Scott Foundation||9,700|(9,700)|||
||John SCohen Foundation||5,000|(5,000)|||
||Garfield Weston||65,000|||65,000|
||Foundation||||||
||Dunard<br>Fund||100,000|||100,000|
||Total restricted funds|10,838,377|853,604|(438,853)||11,253,128|





## 

## 

## 

|19.|Unrestricted<br>funds|Charity f|Group|
|---|---|---|---|
||Balance at 31 March 2020|11,160,461|11,329,506|
||Net movement<br>in funds for the year|1,402,727|1,594,407|
||Transfer<br>during the year|||
||Balance at 31 March 2021|12,563,188|12,923,913|
||Net movement<br>in funds for the year|684,093|1,037,624|
||Transfer<br>during the year|||
||Balance at 31 March 2022|13,247,281|13,961,537|



## 

|Analysis ofnet assets between funds||||
|---|---|---|---|
|Group - 2022|Unrestricted<br>fundsf|Restricted<br>fundsf|Total funds|
|Tangible fixed assets|3,662,989|9,864,940|13,527,929|
|Heritage assets|6,899,636|122,523|7,022,159|
|Investment<br>property|1,847,000||1,847,000|
|Current assets|2,683,928|619,047|3,302,975|
|Creditors due within one year|(706,333)||(706,333)|
|Creditors due in more than one year|(425,683)||(425,683)|
||13,961,537|10,606,510|24,568,047|
|Group - 2021|Unrestricted<br>funds|Restricted<br>funds|Total funds|
|Tangible fixed assets|3,734,716|10,147,031|13,881,744|
|Heritage assets|6,756,271||6,756,271|
|Investment<br>property|1,742,512||1,742,512|
|Current assets|1,463,990|1,106,097|2,570,087|
|Creditors due within one year|(313,374)||(313,374)|
|Creditors due in more than one year|(460,199)||(460,199)|
||12,923,913|11,253,128|24,177,041|





## 

## 

## 

## 

## 

|Analysis ofnet assets between funds (contin|ued)|||
|---|---|---|---|
|Charity - 2022|Unrestricted<br>fundsf|Restricted<br>funds<br>6|Total funds|
|Tangible fixed assets|3,662,989|9,864,940|13,527,929|
|Heritage assets|6,899,636|122,523|7,022,159|
|Investment<br>property|1,847,000||1,847,000|
|Fixed asset investments|2||2|
|Current assets|2,029,983|619,047|2,649,030|
|Creditors due within one year|(766,646)||(766,646)|
|Creditors due in more than one year|(425,683)||(425,683)|
||13,247,281|10,606,510|23,853,791|
|Charity —2021|Unrestricted<br>funds|Restricted<br>funds|Total funds|
||F|6||
|Tangible fixed assets|3,734,716|10,147,031|13,881,744|
|Heditage assets|6,756,271||6,756,271|
|Investment<br>property|1,742,512||1,742,512|
|Fixed asset investments|2||2|
|Current assets|1,084,666|1,106,097|2,190,763|
|Creditors due within one year|(294,777)||(294,777)|
|Creditors due in more than one year|(460,199)||(460,199)|
||12,563,188|11,253,128|23,816,316|



## 

|||||2022|2021|
|---|---|---|---|---|---|
|||||Group|Group|
|||||6|6|
|Net incoming<br>resources||||391,006|2,009,158|
|Interest receivable||||(13)|(78)|
|Net outgoing resources||from operations||390,993|2,009,080|
|Depreciation||||544,766|541,415|
|Donation ofheritage|assets|||(228,745)|(759,000)|
|(Gain) on revaluation||||(104,488)||
|Loss on disposal||||4,681||
|(Increase)<br>in stock||||(86,747)|(3,661)|
|(Increase)/decrease|in|debtors||(80,275)|(15,985)|
|Increase/(Decrease)|in|creditors||392,959|(384,634)|
|Net cash inflow from|operating||activities|833,144|1,387,215|





## 

## 

## 

## 

## 

## 

|Analysis of net debt|||||||
|---|---|---|---|---|---|---|
||1 April|||Non-cash||31 March|
||2021||Cash flow|Movements||2022|
||E||6|E||E|
|Cash at the bank and in hand|1,849,339||565,866|||2,415,205|
|Debts falling due within one year|(52,443)||52,433|(52,433)||(52,443)|
|Debts falling due after one year|(460,199)|||34,516||(425,683)|
||1,336,697||618,299|(17,917)||1,937,079|
|Financial commitments|||||||
|||2022|||2021||
||Group||Company|Group||Company|
|As at 31 March the annual|E||E|E||E|
|commitments<br>under non-cancellable|||||||
|operating leases were as follows:-|||||||
|Due within<br>1 year||||1,183|||
|Due within<br>1 to 2years|||||||
|Due within 2to 5years|||||||
|||||1,183|||



## 

##