2023-03-31-accounts - The Priest's House Museum Trust

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Trustees' Report		1 to 18
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report	20
Statement ofFinancial	Activities	21 to 22
Balance Sheet		23to 24
Statement ofCash Flows		25
Notes to the Financial Statements		26to40

(Including Inc	ome a	nd Expen	diture A	ccount)
				Unrestricted	Restricted	Total
				funds	funds	2023
			Note		6
Income and Endowments		from:
Donations and legacies				106,293	123,328	229,621
Charitable activities				128,481		128,481
Investment income				1,875		1,875
Total income				236,649	123,328	359,977
Expenditure on:
Raising funds Charitable activities			6 7	(25,092) ~236,863	(21,079) ~173,574	(46,171) ~288,437
Total expenditure				~243.955	92,653)	(334,608
Net (expenditure)/income Transfers between funds				(5,306) 5,503	30,675 ~15,563	25,369
Net movement in funds				197	25,172	25,369
Reconciliation of	funds
Total funds brought	forward			916,971	1,467,346	2,384,317
Total funds carried	forward		17	917,168	1,492,518	2,409,686

				Unrestricted	Restricted	Total
				funds	funds	2022
			Note
Income and Endowments		from:
Donations and legacies				103,841	81,762	185,603
Charitable activities				110,224	400	110,624
Investment income				183		183
Total income				214248	82162	296410
Expenditure on:
Raising funds Charitable activities			6 7	(53,864) ~379,0497	~100,473	(53,864) ~479.522
Total expenditure				~372,913	~100,4731	~1473,386
Net expenditure				~158,665	~18,311	~176,976
Net movement in funds				(158,665)	(18,311)	(176,976)
Reconciliation of	funds
Total funds brought	forward			1,075,636	1,485,657	2,561,293
Total funds carried	forward			916,971	1,467,346	2 384317

Balance She	et	as at 31 March 2023
				2023	2022
			Note	8
Fixed assets
Tangible assets			13	1,338,743	1,390,265
Investments			14	495,100	495,100
				1,833,843	1,885,365
Current assets
Debtors			15	178,081	130,931
Cash at bank and	in hand			417,856	399,507
Creditors: Amounts		falling due within one year		595,937 ~20,094	530,438 ~33.486
Net current assets				575,843	498,952
Net assets				2,409,686	2,384,317
Funds ofthe charity:
Restricted income funds
Restricted funds				1,492,518	1,467,346
Unrestt'icted income		funds
Unrestricted funds				917,168	916,971
Total funds			17	2,409680	2,384,317

				2023	2022
			Note	F
Cash flows from operating	activities
Net cash income/(expenditure)				25,369	(176,976)
Adjustments to cash flows	from noncash	items
Depreciation Investment income			6 5	56,506 ~7,875	105,508 ~783
				80,000	(71,651)
Working capital adjustments
Increase in debtors			15	(47,150)	(81,866)
(Decrease)/increase in creditors			16	(15,507)	5,598
Increase in deferred income				4,115	411
Net cash flows from operating	activities			21,458	~147,508
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets Net cash flows from investing activities			5 13	1,875 ~4,984 ~3,109	183 ~7,703 ~7,520
Net increase/(decrease) in cash and cash equivalents				18,349	(155,028)
Cash and cash equivalents at 1 April				399,507	554,535
Cash and cash equivalents at 31 March				417,856	399,507

						Unrestricted
						funds	Restricted	Total	Total
						General	funds	2023	2022
							F	6
Donations		and		legacies;
	Donations		from		East Dorset
	TIC								5,116
	Appeals	and		donations		4,557	10,146	14,703	1,597
	Donations		from		Priest's House
	Museum		Collection Trust			5,741		5,741	5,147
Grants, including					capital grants;
	Government			grants					457
	Grants					95,995	113,182	209,177	173,286
						106,293	123,328	228,621	186663
4	Income		from		charitable	activities
							Unrestricted
							funds	Total	Total
							General	2023	2022
							6
	Subscriptions						1,735	1,735	2,721
	Fundraising			income			857	857	972
	Catering		income				59,055	59,055	45,644
	Rental income						18,311	18,311	18,450
	Other income						10,594	10,594	13,246
	Entrance		fees				37,929	37,929	29,591
							128,481	128 481	110,624

5 Investment in	co	me
			Unrestricted
			funds	Total	Total
			General 5	2023f	2022 6
Interest receivable	and similar income;
Interest receivable		on bank deposits	1,875	1,875	183

cies
	Unrestricted
	funds	Restricted	Total
	General	funds	2023
Note		K
	25,092	21 079	46,171
		Unrestricted
		funds	Total
		General	2022
	Note	E
		53,864	53,864

		Total	Total
		2023	2022
Employment costs		172,395	145,104
Rates and water		(80)	863
Insurance		4,747	4,216
Light and heat		7,483	18,110
Telephone		1,014	2,058
Postage and stationery		1,702	1,809
Advertising		4,801	11,283
Sundries		9,386	8,547
Collections costs			9,911
Repairs and maintenance		31,205	31,782
Trade subscriptions		8,260	7,775
Travel and subsistence		2,257	1,683
Irrecoverable VAT			16,972
Documentation		2,367	2,070
Recruitment		993
Accountancy fees		1,282	6,619
Bank charges		2,603	1,974
Legal and professional	fees	18,903	42,159
Depreciationof tangible	fixed assets	56,506	105,508
VAT Partial exemption		(42,072)	(3,221)
Governance costs (see	note below)	4,685	4,300
		288,437	419,522

Governance	costs
			Unrestricted
			funds
				Total	Total
			General	2023f	2022f
Independent	Examiner's	remuneration	4,685	4 685	4300
			4,685	4,685	4386

			2023 f.	2022f
Depreciation	offixed assets		56,506	105,508
Independent	examiner's	fee	4,685	4,300

11Staff costs The aggregate payroll costs were as follows:
	2023f	2022f
Staff costs during the year were:
Wages and salaries	155,462	134,838
Social security costs	9,407	5,232
Pension costs	5,205	3,861
Other staff costs	2,321	1,173
	172,395	145,104

2023	2022
No	No
8	6

13Tangible fixed assets
	Leasehold		Exhibition
	Property and	Office	Fixtures and
	Improvements	Equipment	Fittings	Total
	E	E	E
Cost
At 1 April 2022	1,447,667	68,894	300,525	1,817,086
Additions		4,984		4,984
At 31 March 2023	1,447,667	73,878	300,525	1,822,070
Depreciation
At 1 April 2022	277,918	57,550	91,353	426,821
Charge for the year	33,905	495	22,106	56,506
At 31 March 2023	311,823	58,045	113,459	483,327
Net book value
At 31 March 2023	1,135,844	15,833	187,066	1,338,743
At 31 March 2022	1,169,749	11,344	209,172	1,390,265

14Fixe	d	asset investments
					2023	2022
					E	E
Investment		properties			495,000	495,000
Shares	in	group undertakings	and participating	interests	100	100
					495,100	495,100

Investment	properties
		Investment
		properties
		r
Cost or Valuation
At 1 April 2022		495,000
Provision
At 31 March	2023
Net book value
At 31 March	2023	495,000
At 31 March	2022	490 1100

Shares in group undertakings and participa	ting interests
	Subsidiary
	undertakings	Total
	e
Cost
At 1 April 2022	100	100
At 31 March 2023	100	100
Net book value
At 31 March 2023	100	100
At 31 March 2022	100	100

15Debtors
		2023	2022
Trade debtors		1,926	2,171
Due from group undertakings		111,564	76,970
Prepayments		1,381	2,046
Accrued income		33,724
VAT recoverable		5,380	8,953
Other debtors		24,106	40,791
		178,081	130,931
16Creditors: amounts	falling due within one year
		2023	2022
		6	6
Trade creditors		4,299	18,163
Other creditors		1,037
Accruals		10,232	12,912
Deferred income		4,526	411
		20,094	31,486

17Funds
		Balance at				Balance at
		1 April	Incoming	Resources		31 March
		2022	resources	expended	Transfers	2023
		6		6
Unrestricted funds
General
Unrestricted Fund		325,311	236,649	(241,955)	7,163	327,168
Designated
Pension Fund		1,660			(1,660)
Contingency Reserve		95,000				95,000
Bequest ofproperty
(Charltons)		495,000				495,000
		591,660			~((,660	590.000
Total unrestricted	funds	~16971	236649	~24(, 955	5503	917.160
Restricted funds
Education Fund		602		(602)
New Build Fund including
HLF revival funding		1,457,482	94,489	(79,743)		1,472,228
Arts Council Grant		1,041			(1,041)
WW1 Fund			2,997	(2,997)
Town and Parish	Council	4,000			(4,000)
Bankes Project		362			(362)
Millstream Project		3,759	10,750	(3,880)		10,629
AIM			3,717	(3,530)		187
Event/Project Donation 2021 TBSkeleton Total restricted funds		100 1,467,346	11,375 123328	(1,901) ~02,653	~(00 ~5,503	9,474 1,492,51~
Total funds		2.384,317	359,977	~(334,608		2 409 686

			Balance at 1	Incoming	Resources	Balance at 31
			April 2021	resources	expended	INarch 2022
			F	F.	8	8
Unrestricted funds
General
Unrestdcted Fund			483,976	214,248	(372,913)	325,311
Designated
Pension Fund			1,660			1,660
Contingency Reserve			95,000			95,000
Bequest of property
(Charltons)			495,000			495,000
			591,660			591,660
Total unrestricted	funds		1,075,636	214,248	~372,913	916,971
Restricted
Education Fund			602			602
New Build Fund including		HLF
revival funding			1,475,530	76,612	(94,660)	1,457,482
Arts Council Grant			1,041			1,041
Town and Parish	Council		4,000			4,000
Bankes Project			362			362
Millstream Project			4,022	5,550	(5,813)	3,759
2021 TBSkeleton			100			100
Total restricted funds			1 485 657	82.102	~100,473	1.467,346
Total funds			2,561,293	296,410	~473,386	2,384,317

					Total funds
		Unrestricted funds		Restricted	at 31 March
		General f.	Designated f	funds f	2023 f
Tangible	fixed assets			1,338,743	1,338,743
Fixed asset investments		100	495,000		495,100
Current Current	assets liabilities	347,162 ~20, D94	95,000	153,775	595,937 ~20.094
Total net assets		327,168	59D,DDD	1,492,518	2409686
					Total funds
		Unrestricted funds		Restricted	at 31 March
		General f	Designated	funds f	2022 f
Tangible	fixed assets			1,390,265	1,390,265
Fixed asset investments		100	495,000		495,100
Current Current	assets liabilities	356,697 ~33,488	96,660	77,081	530,438 ~31,486
Total net assets		32~,311	591660	1,467.346	2,384,317