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##
||||Page|
|---|---|---|---|
|Reference and Administrative
Details ofthe Charity,||its Trustees and Advisers|1-2|
|Trustees'
Report|||3-14|
|Statement of|Trustees'
Responsibilities||15|
|Independent|Auditor's
Report on the Financial Statements||16-19|
|Consolidated|Statement of Financial Activities||20|
|Consolidated|Balance Sheet||21 -22|
|Charity Balance Sheet|||23-24|
|Consolidated|Statement ofCash Flows||25|
|Notes to the|Financial Statements||26-59|
##
|Trustees|||Anne Beckwith-Smith||
|---|---|---|---|---|
||||Christopher
Cotton||
||||Shereka Dunbar||
||||William Gore||
||||Ronald Gould||
||||Edward
Humphrey||
||||Perdita
Hunt OBE||
||||Claire Jeffers||
||||Larissa Joy OBE, Chair||
||||Andrew
Mclntyre||
||||Grayson
Perry CBE RA||
||||Lord Simon Russell of Liverpool||
||||Lemn Sissay OBE||
|Company|registered||||
|number|||03621861||
|Charity registered|||||
|number|||1071167||
|Registered||office|40 Brunswick Square||
||||London,
United
Kingdom||
||||WC1N 1AZ||
|Director|||Caro Howell MBE (resigned|6 April 2023)|
||||Emma Ridgway
(appointed|5June 2023)|
|Independent||auditor|MHA||
||||Statutory
Auditor||
||||6th Floor||
||||2 London Wall Place||
||||London,
United
Kingdom||
||||EC2Y 5AU||
##
|Bankers||National
Westminster|National
Westminster|National
Westminster|Bank|Bank|Pic|
|---|---|---|---|---|---|---|---|
|||Chancery
Lane 8||Holborn||Branch||
|||332 High Holborn||||||
|||London||||||
|||WC1V 7PS||||||
|||CAF Bank Limited||||||
|||25 Kings
Hill||||||
|||West Mailing||||||
|||Kent||||||
|||ME194JQ||||||
|||C Hoare &Co|Bank|||||
|||37 Fleet Street||||||
|||London||||||
|||EC4P 4DQ||||||
|Investment|Managers|Veritas Investment||Partners|||(UK) Limited|
|||Riverside
House||||||
|||2a Southwark|Bridge||Road|||
|||London||||||
|||SE1 9HA||||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|||||
|Income from:||||||||
|Donations,
grants and||legacies||1,083,882|522,337|1,606,219|1,397,202|
|Charitable
activities||||50,275|46,034|96,309|124,972|
|Other trading
activities||||215,065||215,065|128,008|
|Investments||||139,620||139,620|95,338|
|Total income||||1,488,842|568,371|2,057,213|1,745,520|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Expenditure
incurred||by trading||||||
|subsidiary||||57,334||57,334|49,280|
|Raising funds||||240,021||240,021|123,634|
|Charitable
activities|||9|1,300,112|526,087|1,826,199|1,708,697|
|Total expenditure||||1,597,467|526,087|2,123,554|1,881,611|
|Net (losses)/gains|on investments|||(124,794)||(124,794)|313,510|
|Net (expenditure)/income||||(233,419)|42,284|(191,135)|177,419|
|Transfers
between|funds||23|(36,192)|36,192|||
|Net movement
in|funds before other|||||||
|recognised
gains||||(269,611)|78,476|(191,135)|177,419|
|Other recognised|gains:|||||||
|Actuarial
gains|||28|3,600||3,600|3,500|
|Net movement
in|funds|||(266,011)|78,476|(187,535)|180,919|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward|||2,727,578|9,870,404|12,597,982|12,417,063|
|Net movement
in funds||||(266,011)|78,476|(187,535)|180,919|
|Total funds carried forward||||2,461,567|9,948,880|12,410,447|12,597,982|
##
||||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|
|||||Note|F||||
|Fixed assets|||||||||
|Tangible
fixed assets||||15||965,662||1,137,519|
|Heritage assets||||16||9,554,390||9,518,198|
|Investments||||17||2,940,011||3,049,840|
|||||||13,460,063||13,705,557|
|Current assets|||||||||
|Stocks||||19|25,246||24,909||
|Debtors: Amounts|falling due within one year|||20|200,974||219,007||
|Investments||||18|1,620,582||1,062,519||
|Cash at bank and|in hand|||26|1,523,401||1,367,050||
||||||3,370,203||2,673,485||
|Creditors: Amounts|falling|due within one|||||||
|year||||21|(1,356,569)||(701,560)||
|Net current assets||||||2,013,634||1,971,925|
|Total assets less|current|liabilities||||15,473,697||15,677,482|
|Creditors: amounts|falling|due after more|||||||
|than one year||||22||(3,000,000)||(3,000,000)|
|Defined
benefit pension scheme|||liability|28||(63,250)||(79,500)|
|Total net assets||||||12,410,447||12,597,982|
|Charity funds|||||||||
|Restricted
funds||||23||9,948,880||9,870,404|
|Unrestricted
funds||||23||2,461,567||2,727,578|
|Total funds||||||12,410,447||12,597,982|
##
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##
||||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|---|
|||||Note|F||||
|Fixed assets|||||||||
|Tangible
fixed assets||||15||965,662||1,137,519|
|Heritage assets||||16||9,554,390||9,518,198|
|Investments||||17||2,940,013||3,049,842|
|||||||13,460,065||13,705,559|
|Current assets|||||||||
|Stocks||||19|||4,279||
|Debtors: Amounts|falling due within one year|||20|298,144||319,536||
|Investments||||18|1,620,582||1,062,519||
|Cash at bank and|in hand||||1,419,051||1,237,490||
||||||3,337,777||2,623,824||
|Creditors: Amounts|falling|due within one|||||||
|year||||21|(1,308,066)||(634,096)||
|Net current assets||||||2,029,711||1,989,728|
|Total assets less|current|liabilities||||15,489,776||15,695,287|
|Creditors: amounts|falling|due after more|||||||
|than one year||||22||(3,000,000)||(3,000,000)|
|Defined benefit pension scheme|||liability|28||(63,250)||(79,500)|
|Total net assets||||||12,426,526||12,615,787|
|Charity funds|||||||||
|Restricted
funds||||23||9,948,880||9,870,404|
|Unrestricted
funds||||23||2,477,646||2,745,383|
|Total funds||||||12,426,526||12,615,787|
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||Note|||
|Cash flows from operating|||activities||||||
|Net cash||used
in operating|activities|||25|726,027|(74,663)|
|Cash flows from investing|||activities||||||
|Investment||income||||7|139,620|95,338|
|Purchase||oftangible
fixed assets||||15|(100,076)|(205,505)|
|Proceeds||from sale of investments||||17|299,190|633,157|
|Purchase||of investments||||17,18|(912,997)|(483,653)|
|Purchase||ofheritage assets||||16|(36,192)|(60,000)|
|Net cash||used in investing|activities||||(610,455)|(20,663)|
|Change|in cash and cash||equivalents|in|the year||115,572|(95,326)|
|Cash and||cash equivalents|at the beginning||of the year||1,769,319|1,864,645|
|Cash and||cash equivalents|at the end|of|the year|26|1,884,891|1,769,319|
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023f|2023|
|Donations|155,045|292,008|447,053|
|Legacies|5,239|34,362|39,601|
|Grants|923,598|195,967|1,119,565|
||1,083,882|522,337|1,606,219|
|Job Retention
Scheme. There were
either year end.|no unfulfilled
conditions
attached
to thes|e Government|grants as a|
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
|Donations|114,100|205,801|319,901|
|Legacies|50,000||50,000|
|Grants|561,530|465,771|1,027,301|
||725,630|671,572|1,397,202|
##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023f|2023f|
|Admissions|and|other|museum|income|50,275|46,034|96,309|
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2022|2022|
|Admissions|and|other|museum|income||124,972|124,972|
##
##
##
##
||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023f|2023f|
|Income|received|by|trading|subsidiary|215,065|215,065|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022|2022|
|Income|received|by|trading|subsidiary|128,008|128,008|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023f|
|Interest receivable||7,802|7,802|
|Investment|income|131,818|131,818|
|||139,620|139,620|
|||Unrestricted|Total|
|||funds|funds|
|||2022|2022|
|Interest receivable||220|220|
|Investment|income|95,118|95,118|
|||95,338|95,338|
##
##
##
##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2023|
|Raising funds||||5,550|5,550|
|Investment|manager|fees||28,260|28,260|
|Support costs||||96,052|96,052|
|Support costs - Staff||costs||110,159|110,159|
|Expenditure|incurred|by trading|subsidiary|57,334|57,334|
|||||297,355|297,355|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|Raising funds||||5,216|5,216|
|Investment|manager|fees||19,008|19,008|
|Support costs||||55,178|55,178|
|Support costs - Staff||costs||44,232|44,232|
|Expenditure|incurred|by trading|subsidiary|49,280|49,280|
|||||172,914|172,914|
##
##
|Raising fun|ds - Analysis o|fsupport costs|||
|---|---|---|---|---|
||||Total funds|Total funds|
||||2023|2022|
||||f||
|Staff costs|||110,159|44,232|
|Depreciation|||34,801|18,919|
|Governance|costs||3,329|974|
|Development|costs||1,694|2,031|
|Press and Marketing|||11,109|7,098|
|Office costs|||2,134|3,454|
|Subscriptions/Memberships|||259|254|
|Legal, Audit|and Professional|Fees|4,237|1,434|
|Finance Costs/Irrecoverable||VAT|12,834|6,697|
|Occupancy|costs||25,655|14,317|
||||206,211|99,410|
##
##
##
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||funds|funds|Total|
||||2023|2023f|2023f|
|Museum|Operating|Costs|1,283,568|526,087|1,809,655|
|Conservation|||16,544||16,544|
||||1,300,112|526,087|1,826,199|
||||Unrestricted|Restricted||
||||funds|funds|Total|
||||2022|2022|2022|
|Museum|Operating|Costs|1,082,851|6'/6, 3'/6|1,699,167|
|Conservation|||9,530||9,530|
||||1,092,381|616,316|1,708,697|
##
##
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2023f|2023f|2023f|
|Museum|Operating|Costs|558,567|1,251,088|1,809,655|
|Conservation|||5,071|11,473|16,544|
||||563,638|1,262,561|1,826,199|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2022|2022|2022|
|Museum|Operating|Costs|722,301|976,866|1,699,167|
|Conservation|||4,051|5,479|9,530|
||||726,352|982,345|1,708,697|
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023f|2022|
||Staff costs|||||681,225|437,093|
||Depreciation|||||215,210|186,955|
||Governance|costs||||20,584|9,627|
||Development|Costs||||10,473|20,065|
||Press and Marketing|||||68,700|70,142|
||Office costs|||||13,195|34,140|
||Subscriptions/Memberships|||||1,603|2,509|
||Legal, Audit|and Professional||Fees||26,202|14,168|
||Finance Costs/Irrecoverable|||VAT||66,718|66,173|
||Occupancy|costs||||158,651|141,473|
|||||||1,262,561|982,345|
|11.|Governance|costs||||||
|||||||2023f|2022|
||Auditor's
remuneration||-Audit services|||16,450|12,000|
||Auditor's
remuneration||- Non-audit||services|6,800|6,575|
||Auditor's
remuneration||- Under accrual|||15,000||
||Other governance
costs|||||13|76|
|||||||38,263|18,651|
##
##
##
|Staff costs|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2023|2022f|2023|2022|
|Wages and salaries|816,466|671,902|816,466|671,902|
|Social security costs|79,300|65,582|79,300|65,582|
|Pension costs|29,540|15,979|29,540|15,979|
||925,306|753,463|925,306|753,463|
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||No.|No.|
|Senior management|||||2|2|
|Museum|administration||||31|3/|
||||||33|33|
|The average headcount||expressed as full-time|equivalents|was:|||
||||||Group|Group|
||||||2023|2022|
||||||No.|No.|
|Senior management|||||2|2|
|Museum|administration||||21|16|
||||||23|18|
##
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
##
##
|||Office||
|---|---|---|---|
|||equipment,||
||Leasehold|fixtures and||
||improvements|fittings|Total|
||R|F||
|Cost or valuation||||
|At 1 April 2022|3,989,967|501,290|4,491,257|
|Additions|49,848|50,228|100,076|
|Disposals||(245,321)|(245,321)|
|At 31 March 2023|4,039,815|306,197|4,346,012|
|Depreciation||||
|At 1 April 2022|3,047,974|305,764|3,353,738|
|Charge for the year|188,047|61,964|250,011|
|On disposals||(223,399)|(223,399)|
|At 31 March 2023|3,236,021|144,329|3,380,350|
|Net book value||||
|At 31 March 2023|803,794|161,868|965,662|
|At 31March 2022|941,993|195,526|1,137,519|
##
##
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##
##
##
##
##
##
##
||Listed|
|---|---|
||investments|
|Group||
|Cost or valuation||
|At 1 April 2022|3,049,840|
|Additions|328,559|
|Disposals|(299,190)|
|Revaluations|(91,589)|
|Cash held for reinvestment|(47,609)|
|At 31 March 2023|2,940,011|
||Investments|||
|---|---|---|---|
||in|||
||subsidiary|Listed||
||companies|investments|Total|
|Charity||||
|Cost or valuation||||
|At 1 April 2022||3,049,840|3,049,842|
|Additions||328,559|328,559|
|Disposals||(299,190)|(299,190)|
|Revaluations||(91,589)|(91,589)|
|Cash held for reinvestment||(47,609)|(47,609)|
|At 31 March 2023|2|2,940,011|2,940,013|
##
##
##
|Principal sub|Principal sub||sidiaries|sidiaries||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The following|||was a subsidiary||undertaking||ofthe Charity:|||||||
|Name||||||||Company|Registered|office or||principal|Holding|
|||||||||number|place ofbusiness|||||
|The Foundling|||Museum|Trading|Company|||05131580|40 Brunswick||Square,|London,|100%|
|Limited|||||||||WC1N 1AZ|||||
|The financial||results ofthe subsidiary||||for the||year were:||||||
|Name||||||||Incomef|Expendituref||Profit/(Loss)
ISurplus I||Net assets
F|
||||||||||||(Deficit) for|||
||||||||||||the year|||
|The Foundling|||Museum|Trading||||215,709|(213,983)|||1,726|(16,077)|
|Company|Limited|||||||||||||
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|Listed|investments|1,620,582|1,062,519|1,620,582|1,062,519|
##
##
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022f|2023|2022f|
|Due within one year||||||
|Trade debtors||57,903|121,518|42,089|93,142|
|Amounts
owed by group undertakings||||119,265|130,100|
|Other debtors||100,824|58,749|98,824|58,525|
|Prepayments|and accrued income|25,947|23,385|21,666|22,414|
|Gift aid tax recoverable||16,300|15,355|16,300|15,355|
|||200,974|219,007|298,144|319,536|
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022f|2023|2022f|
|Other loans||||500,000||500,000||
|Supporters'|loan endowment||scheme (Note|||||
|32)||||616,790|450,000|616,790|450,000|
|Trade creditors||||114,235|116,245|111,692|105,658|
|Other creditors||||23,122|21,830|23,122|21,543|
|Accruals and deferred||income||102,422|113,485|56,462|56,895|
|||||1,356,569|701,560|1,308,066|634,096|
|Other loans are unsecured,|Other loans are unsecured,|interest-free|and repayable
on demand.
Loans from supporters|and repayable
on demand.
Loans from supporters|and repayable
on demand.
Loans from supporters|have been|have been|
|---|---|---|---|---|---|---|---|
|invested|with Veritas and are held as current asset investments|||(Note 18)as|they are repayable||with a|
|minimum|oftwo months'
notice.|||||||
||||Group|Group|Charity||Charity|
||||2023
F|2022f|2023f||2022f|
|Deferred|income at brought|forward|49,490|30,000|||30,000|
|Resources deferred
during||the year|36,860|49,490||||
|Amounts|released
from previous
periods||(49,490)|(30,000)||(30,000)||
|Carried|forward||36,860|49,490||||
##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2023|2022f|2023|2022f|
|Loan|3,000,000|3,000,000|3,000,000|3,000,000|
##
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##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||Balance at 1||||Transfers|Gains/|31 March|
||April 2022|Income
f|Expenditure|f|in/out
F|(Losses)
f|2023
f|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|40 Brunswick||||||||
|Square|650,000||||(650,000)|||
|Exhibition||||||||
|shortfall
fund|45,000||||(40,000)||5,000|
|General||||||||
|Refurbishment/||||||||
|Sash windows|60,000||||||60,000|
|NHLF Shortfall||||||||
|fund|300,000||||||300,000|
|NPO Matching||||||||
|funding||525,000|||||525,000|
||1,055,000|525,000|||(690,000)||890,000|
|General funds||||||||
|Tangible
fixed||||||||
|assets fund|1,137,519||(250,011)||78,154||965,662|
|General
fund|552,862|748,133|(1,133,473)||575,654|(121,194)|621,982|
|Non-charitable||||||||
|trading
funds|(17,803)|215,709|(213,983)||||(16,077)|
||1,672,578|963,842|(1,597,467)||653,808|(121,194)|1,571,567|
|Total||||||||
|Unrestricted||||||||
|funds|2,727,578|1,488,842|(1,597,467)||(36,192)|(121,194)|2,461,567|
##
##
|Statement|offun|ds (continued)||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||Transfers|Gains/|31 March|
|||April 2022|Income|Expenditure|in/out|(Losses)|2023|
|Restricted||||||||
|funds||||||||
|Paul Mellon||||||||
|Centre/Pilgrim||||||||
|Trust fund||6,211||(3,211)|||3,000|
|The Clore||||||||
|Duffield||||||||
|Foundation|fund|26,389||(16,699)|||9,690|
|Exhibitions|fund|261|198,938|(186,353)|||12,846|
|Learning
running||||||||
|costs fund||236,055|100,603|(125,861)|||210,797|
|Collection||||||||
|purchases|fund|14,547|92,934|(47,092)|||60,389|
|Gerald Coke||||||||
|Handel||||||||
|Foundation|fund|(1,146)|22,446|(13,381)|||7,919|
|China Project||||||||
|fund||26,869|35,000|(61,869)||||
|Covid||||||||
|Emergency||||||||
|Grants||4,241||(4,241)||||
|Other funds||17,281|105,950|(38,191)|||85,040|
|Front Desk||||||||
|Project||21,498|12,500|(29,189)|||4,809|
|Heritage assets||||||||
|fund||9,518,198|||36,192||9,554,390|
|||9,870,404|568,371|(526,087)|36,192||9,948,880|
|Total offunds||12,597,982|2,057,213|(2,123,554)||(121,194)|12,410,447|
##
##
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##
##
##
##
##
##
##
##
##
##
##
|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains/|31March|
||1April 2021|Income|Expenditure|inlout|(Losses)|2022|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Redundancy|||||||
|costs|50,000|||(50,000)|||
|40 Brunswick|||||||
|Square|600,000|||50,000||650,000|
|Vaults|25,000|||(25,000)|||
|Exhibition|||||||
|shortfall
fund|20,000|||25,000||45,000|
|General|||||||
|Refurbishment/|||||||
|Sash windows|60,000|||||60,000|
|NHLF Shortfall|||||||
|fund|300,000|||||300,000|
||1,055,000|||||1,055,000|
|General funds|||||||
|Tangible
fixed|||||||
|assets fund|1,137,888||(205,874)|205,505||1,137,519|
|General
fund|580,430|945,926|(941,999)|(265,505)|313,510|632,362|
|Pension reserve|||||||
|fund|(96,000)||13,000||3,500|(79,500)|
|Non-charitable|||||||
|trading
funds|(15,403)|128,022|(130,422)|||(17,803)|
||1,606,9'/5|1,073,948|('/,265,295)|(60,000)|317,010|1,672,578|
|Total|||||||
|Unrestricted|||||||
|funds|2,661,915|1,073,948|(1,265,295)|(60,000)|317,010|2,727,578|
##
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##
|Statement offun|ds (continued)||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gains/|31 March|
||1April 2021|Income|Expenditure|inlout|(Losses)|2022|
|Restricted funds|||||||
|Conservation
fund|640||(640)||||
|Paul Mellon|||||||
|Centre/Pilgrim|||||||
|Trust fund|6,316||(105)|||6,211|
|The Clore Duffield|||||||
|Foundation
fund|26,951|10,800|(11,362)|||26,389|
|Exhibitions
fund|27,620|61,274|(88,633)|||261|
|Learning
running|||||||
|costs fund|73,536|261,766|(99,247)|||236,055|
|Collection|||||||
|purchases
fund|29,851|87,453|(102,757)|||14,547|
|Gerald Coke|||||||
|Handel
Foundation|||||||
|fund|1,201|7,079|(9,426)|||(1,146)|
|Oak Foundation|||||||
|fund|15,000||(15,000)||||
|China Project fund|32,256|35,000|(40,387)|||26,869|
|Foyle Foundation|||||||
|fund|16,178||(16,178)||||
|Covid Emergency|||||||
|Grants|18,294|150,000|(164,053)|||4,241|
|Other funds|19,307|33,200|(35,226)|||17,281|
|Front Desk Project|29,800|25,000|(33,302)|||21,498|
|Heritage assets|||||||
|fund|9,458,198|||60,000||9,518,198|
||9,755,148|671,572|(6'/6,316)|60,000||9,870,404|
|Total offunds|12,417,063|1,745,520|('/,881,611)||3'I7,010|12,597,982|
##
##
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##
|Analysis|of net assets||between funds - current year||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2023
F|2023f|2023f|
|Tangible|fixed assets|||965,662||965,662|
|Fixed asset investments||||2,940,011||2,940,011|
|Heritage assets|||||9,554,390|9,554,390|
|Current assets||||2,975,713|394,490|3,370,203|
|Creditors|due within one||year|(1,356,569)||(1,356,569)|
|Creditors|due in more than one year|||(3,000,000)||(3,000,000)|
|Provisions|for liabilities|and charges||(63,250)||(63,250)|
|Total||||2,461,567|9,948,880|12,410,447|
|Analysis|of net assets||between funds - prior year||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2022|2022|2022|
|Tangible|fixed assets|||1,137,519||1,137,519|
|Fixed asset investments||||3,049,840||3,049,840|
|Heritage assets|||||9,518,198|9,518,198|
|Current assets||||2,321,279|352,206|2,673,485|
|Creditors|due within one||year|(701,560)||(701,560)|
|Creditors|due in more than one year|||(3,000,000)||(3,000,000)|
|Provisions|for liabilities|and charges||(79,500)||(79,500)|
|Total||||2,727,578|9,870,404|12,597,982|
##
##
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##
||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Net income/expenditure
for the year (as||per|Statement|of Financial||||
||Activities)||||||(191,135)|177,419|
||Adjustments
for:||||||||
||Depreciation
charges|||||15|250,011|205,874|
||Losses/(gains)
on investments|||||17,18|124,794|(313,510)|
||Investment
income|||||7|(139,620)|(95,338)|
||Loss on the sale offixed assets||||||21,922||
||(Increase)/decrease
in stocks|||||19|(337)|12,497|
||Decrease/(increase)
in debtors|||||20|18,033|(124,183)|
||Increase
in creditors|||||21,22|642,359|62,578|
||Decrease
in provisions|||||28|16,250|16,500|
||Defined benefit pension scheme finance||cost|||28|(3,600)|(3,500)|
||Pension scheme costs less contributions||paid|||28|(12,650)|(13,000)|
||Net cash provided
by/(used|in) operating||activities|||726,027|(74,663)|
|26.|Analysis ofcash and cash equivalents||||||||
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
|Cash|in hand||1,523,401|1,367,050|
|Cash|held by investment|managers|361,490|402,269|
|Total|cash and cash equivalents||1,884,891|1,769,319|
##
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##
|||||2023|2022|2021|2020|
|---|---|---|---|---|---|---|---|
||||||E|E|F|
|Present|value|of|provision|63,250|79,500|96,000|107,000|
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||||F|
|Provision|at start|of period|||||79,500|96,000|
|Unwinding
ofthe||discount|factor (interest|expense)|||1,820|1,000|
|Deficit contribution||paid|||||(14,470)|(14,000)|
|Remeasurements||- impact|ofany change|in assumptions|||(3,600)|(3,500)|
|Provision at end||of period|||||63,250|79,500|
|Income|and expenditure||impact||||||
||||||||2023|2022|
|||||||||F|
|Interest|expense||||||1,820|1,000|
|Remeasurements||- impact|ofany change|in assumptions|||(3,600)|(3,500)|
|Income|(costs) recognised||in statement|offinancial|activities||(1,780)|(2,500)|
|Assum ptions|||||||||
||||||2023|2022|2021|2020|
||||||0/|0/|0/|0/|
|Present|value of provision||||5.18|2.55|0.98|2.58|
##
|under non|-can|cellable
operating
leases as follows:|||
|---|---|---|---|---|
||||Group|Group|
||||2023f|2022|
|Not later than||1 year|13,115|10,040|
|Later than|1 year and not later than 5years||65,479|15,926|
||||78,594|25,966|
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|Operating|lease|rentals|16,904|10,040|16,904|10,040|
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