2022-03-31-accounts

				Page
Reference and Administrative		Details ofthe Charity,	its Trustees and Advisers	1-2
Trustees' Report				3-15
Independent	Auditors' 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 - 52

	2022	2021	2020	2019	2018
MOVEMENT IN FUNDS FOR THE YEAR	f	f	E	f
Total income resouces	2,988,885	2,085,666	2,794,297	2,804,843	2,188,386
Total self generated income	1,140,436	351,463	1&429&860	1&279&361	1,195,208
Total operating expenditure	2,653,493	1,911,096	2,482&560	2,828,743	2,525,496
SURPLUS / (DEFICIT) IN FUNDS	784,627	720,734	75,928	356,823	297,412
BALANCE SHEETTOTAL	13,870,248	1S,105,621	12,S84,887	12,S08,959	11,952,136
Total visitor numbers "	69,909	15,615	103,136	86,322	78,399
Total website numbers	196,161	128,240	176,354	154,987	193,385
Average staff numbers	68	69	86	75	74

			Unrestricted	Restricted	Endowment	Total	To/a/
			funds	funds	funds	funds	funds
			2022	2022	2022	2022	202/
		Note	6		6	E	5
Income and endowments
from:
Donations and legacies			370,536	11,508	1,515	383,559	443,442
Charitable activities			864,305	393,971		1,258,276	779,673
Other trading activities			1,139,868	568		1,140,436	351,463
Investments					150,784	150,784	/42, 453
Other income			55,830			55,830	368,635
Total income and
endowments			2,430,539	406,047	152,299	2,988,885	2085,666
Expenditure on:
Raising funds		10	835,824			835,824	601,389
Charitable activities			1,235,336	582,318	15	1,817,669	1,309,707
Total expenditure			2,071,160	582,318	15	2,653,493	1,9'/1, 096
Net gains on investments					449,235	449,235	206,164
Net income/(expenditure)			359,379	(176,271)	601,519	784,627	380,734
Transfers between funds		21	150,784		(150,784)
Net movement in funds
before other recognised gains/(losses)			510,163	(176,271)	450,735	784,627	380,734
Other recognised
gains/(losses):
Actuarial (losses)/gains	on
defined benefit pension
schemes		27	(20,000)			(20,000)	340,000
Net movement in funds			490,163	(176,271)	450,735	764,627	720,734
Reconciliation offunds:
Total funds brought forward			6,863,621	2,586,693	3,655,307	13,105,621	12,384,887
Net movement in funds			490,163	(176,271)	450,735	764,627	720,734
Total funds carried forward			7,353,784	2,410,422	4,106,042	13,870,248	13,105,621

			CONSOLIDATED	CONSOLIDATED	BALANCE SHEET
				AS AT 31	MARCH 2022
				Note	2022 E		2021f
Fixed assets
Tangible assets				15	78,310		98,396
Heritage assets				16	8,803,229		8,785,229
Investments				17	4,083,800		3,634,566
					12,965,339		12,518,191
Current assets
Stocks				16	33,617	34,892
Debtors				19	235,556	460,317
Cash at bank and	in hand				945,238	328,104
					1,214,411	823,313
Creditors: amounts	falling due within		one
year				20	(309,502)	(265,683)
Net current assets					904,909		537,430
Total assets less	current liabilities				13,870,248		13,055,621
Net assets excluding		pension asset			13,870,248		13,055,621
Defined benefit pension		scheme asset		27			50,000
Total net assets					13,870,248		13,105,621

						2022		2021
				Note		8		6
Charity funds
Endowment	funds			21		4,106,042		3,655,307
Restricted	funds			21		2,410,422		2,586,693
Unrestricted	funds
Unrestricted	funds	excluding	pension asset I
liability				21	7,353,784		6,813,621
Pension reserve				21			50,000
Total unrestricted		funds		21		7,353,784		6,863,621
Total funds						13,870,248		13,105,621

			CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
			AS AT 31	MARCH 2022
				2022		2021
			Note	6
Fixed assets
Tangible assets			15	78,310		98,396
Heritage assets			16	8,803,229		8,785,229
Investments			17	4,083,810		3,634,576
				12,965,349		12518,201
Current assets
Debtors			19	473,082	566,357
Cash at bank and	in hand			668,686	300,954
				1,141,768	867,311
Creditors: amounts	falling due within one
year			20	(248,657)	(275,051)
Net current assets				893,111		592,260
Total assets less	current liabilities			13,858,460		13,110,461
Net assets excluding		pension asset		13,858,460		13,110,461
Defined benefit pension		scheme asset	27			50,000
Total net assets				13,858,460		13,160,461

						2022		2021
				Note
Charity funds
Endowment	funds			21		4,106,042		3,655,307
Restricted	funds			21		2,410,422		2586,693
Unrestricted	funds
Unrestricted	funds	including	pension asset	21	7,341,996		6,918,461
Total unrestricted		funds		21		7,341,996		6,918,461
Total funds						13,888,460		13,160,461

				2022	2021f
Cash flows from operating	activities
Net cash used in operating	activities			482,850	(12,715)
Cash flows from investing	activities
Sales and purchases of listed investments					30,000
Purchase of heritage assets				(18,000)	(18,596)
Net cash (used in)/provided	by investing		activities	(18,000)	11,404
Cash flows from financing	activities
Endowment income				152,299	144,303
Endowment expenditure				(15)	(15)
Net cash provided by financing activities				152,284	144,288
Change in cash and cash	equivalents	in	the year	617,134	142,977
Cash and cash equivalents	at the beginning		ofthe year	328,104	185,127
Cash and cash equivalents	at the end	of	the year	945,238	328,104

Fixtures and fittings	5%-25% orl cost
Office equipment	25% on cost
Computer equipment	25% on cost
Other fixed assets	25%on cost

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
				2022	2022	2022	2022	2021
				E	E	E	E	E
Friends of	the	Bowes Museum			8,289		8,289	10,000
Donations				26,536	3,219	1,515	31,270	19,315
Additional	support		from DCC					170,000
Core funding		from	DCC	344,000			344,000	244, 127
				370,536	11,508	1,515	383,559	443,442
Total 2021				424,732	16,860	1,850	443,442

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		E	E	E
Grants - see note 9		863,487	393,971	1,257,458	779,475
Education	income	818		818	198
Total 2022		864,305	393,971	1,258,276	779,673
Total 2021		474,773	304,900	779,673

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
				6	6	6
	Entrance income			379,706		379,706	125,554
	Gift aid rebate			60,987		60,987	27,789
	Sundry income			39,802	568	40,370	11,789
	Exhibitions	tax relief		31,744		31,744
	Trading company		income	627,629		627,629	186,331
	Total 2022			1,139,868	568	1,140,436	351,463
	Total 2021			348,384	3,079	351,463
7.	Investment	income

				Endowment	Total	Total
				funds	funds	funds
				2022	2022	2021
				6	6
Dividends	receivable	on endowment	funds	150,784	150,784	142,453
Total 2021				142,453	142,453

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			6	6	5
Coronavirus	job retention	scheme	55,830	55,830	368,635
Total 2021			368,635	368,635

nalysis	ofgran	ts
				2022	2021
				2	6
Arts Council England				374,575	374,575
Culture	Recovery	Fund		704,161
Durham	County	Council			111,981
Durham	County Council - Resilience		Fund	62,213	91,846
NLHF Emergency		Fund			103,300
Hentage	Lottery Fund				55,809
Other				116,509	41,964
				1,257,458	779,475

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
Admissions		272,735	272,735	244,683
Total 2021		244,683	244,683
Trading	expenses
		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022f	2021f
Trading	company	563,089	563,089	356,706
Total 2021		356,706	356,706

		Support
	Direct costs	costs	Total	Total
	2022 6	2022 8	2022f	2021 5
Exhibitions	288,617	653,638	942,255	489,529
Education	59,709	180,240	239,949	127,382
Collections	226,962	438,503	665,465	692 796
Total 2022	575,288	1,272,381	1,847,669	1,309,707
Total 2021	474,136	835,571	1,309,707

	Total	Total
	2022	2021
	6
Staff costs	398,399	336,942
Rates and water	20,965	17,516
Postage and stationery	14,892	440
Sundries	3,537	464
Staff services	77,076	16,069
Public programme	56,894	80,304
Conservation	3,525	22,401
Total 2022	575,288	474,136

					Total	Total
					2022	2021
					6
Pension finance costs					30,000	10,000
Staff costs					348,448	348,542
Depreciation					20,086	28,892
Postage and	stationery				64,386	49,444
Sundries					27,197	11,803
Insurance					61,326	58,926
Light and heat					76,525	51,365
Telephone					10,068	11,532
Advertising					225,283	27,728
Repairs and	renewals				249,586	117,247
Bank charges					4,512	7,704
Auditors' remuneration					15,000	14,744
Legal and professional		fees			136,864	95,255
Bad debts					3,100	2379
Total 2022					1,272,381	835,571
Governance	costs included		above amount	to F151,864 (2021:6110,009).

Net inco	me/expenditure
			2022	2021
			6	5
Depreciation oftangible		fixed assets:
	- owned by the	Charity	20,086	28,892
Auditors'	remuneration	-audit
	- Charity		15,000	14,744
	- Subsidiary		6,770	5,970
Auditors'	remuneration	- other services to the group		7,337

Staff costs
	Group	Group	Charity	Charity
	2022	2021	2022	2021
	E		E	E
Wages and salaries	1,179,761	1,048,364	905,778	817,180
Social security costs	74,034	66,124	59,675	56,684
Pension costs	31,442	32,185	24,129	26,303
Other pension costs (note 26)	30,000	30,000	30,000	30,000
	1,315,237	f,f76,673	1,019,582	930,167

	Group	Group
	2022	2021
	No.	No.
Charity	45	46
Subsidiary	23	23
	68	69

Group	Group
2022	2021
No.	No.

Tangible fixed assets
Group and Charity
	Fixtures and	Office	Computer	Other fixed
	fittings	equipment	equipment	assets	Total
	6	6		f.	6
Cost or valuation
At 1 April 2021	1,319,009	19,159	118,725	180,099	1,636,992
At 31 March 2022	1,319,009	19,159	118,725	180,099	1,636,992
Depreciation
At 1 April 2021	1,222,323	19,159	117,695	179,419	1,538,596
Charge for the year	18,545		1,030	511	20,086
At 31 March 2022	1,240,868	19,159	118,725	179,930	1,558,682
Net book value
At 31 March 2022	78,141			169	78,310
At 31March 2021	96,686		1,030	680	98,396

	Listed
	investments
Group	6
Cost or valuation
At 1 April 2021	3,634,566
Revaluations	449,234
At 31 March 2022	4,083,800
Net book value
At 31 March 2022	4,083,800
At 31March 2021	3,634,566

		Investments
		in
		subsidiary	Listed
		companies	investments	Total
Charity		E	f.	6
Cost or valuation
At 1 April 2021		10	3,634,566	3,634,576
Revaluations			449,234	449,234
At 31 March 2022		10	4,083,800	4,083,810
Net book value
At 31 March 2022		10	4,083,800	4,083,810
At 31March 2021		10	3,634,566	3,634,576
The listed investments	relate to the following:

Name		Company	Income	Expenditure	Profit/(Loss)	Net	Holding
		number	E	E	for the year	assets
					E
The Bowes	Museum	06864117	627,629	(574,526)	53,103	10	100%
(Enterprises)	Limited

Group	Group
2022	2021
E
33,617	34,892

		Group	Group	Charity	Charity
		2022 F	2021f	2022 E	2021f
Due within one year
Trade debtors		25,142	9,600	20,040	9,448
Amounts owed by group undertakings				243,784	121,599
Other debtors		34,679	31,201	34,679	28,701
Prepayments	and accrued income	175,735	419,516	174,579	406,609
		235,556	460,317	473,082	566,357

							Group	Group	Charity	Charity
							2022	2021f	2022 E	2021f
Trade creditors							211,171	147,829	169,396	144,654
Other taxation and			social		security		35,732		23,958
Other creditors							208	3,125	208	3,125
Accruals	and deferred			income			62,391	134,929	55,095	127,272
							309,502	285,883	248,657	275,051
							Group	Group	Charity	Charity
							2022 E	2021f	2022 E	2021f
Deferred	Income
Deferred	income at		1	April			22,314	107,885	21,801	107,372
Resources deferred			during		the year		5,859	21,801	5,346	21,801
Amounts	released	from previous				periods	(22,314)	(107,372)	(21,801)	(107,372)
Deferred	income at 31 March						5,859	22314	5,346	21,801

Statement	offund	s -cur	rent year
			Balance at					Balance at
			1 April			Transfers	Gains/	31 March
			2021 E	Income 6	Expenditure f	in/out 6	(Losses) 5	2022 6
Unrestricted	funds
General			6,813,621	2,430,539	(2,041,160)	150,784	-	7,353,784
Pension reserve			50,000	-	(30,000)	-	(20,000)
			6,863,621	2,430,539	(2,071,160)	150,784	(20,000)	7,353,784
Endowment	funds
John 5Josephine		Bowes	1,456,583	44,162		(44,162)	127,922	1,584,505
Catalyst Endowment			2,198,724	108,137	(15)	(106,622)	321,313	2,521,537
			3,655,307	152,299	(15)	(150,784)	449,235	4,106,042
Restricted funds
Acquisitions	&
Conservation			2,354,913	46,952	(152,109)			2,249,756
Education			128,690	350,806	(336,480)			143,016
Capital Improvement			83,330		(80,524)			2,806
Skills for the	Future		19,760		(4,916)			14,844
Friends of Bowes
Museum				8,289	(8,289)
			2,586,693	406,047	(582,318)			2,410,422
Total offunds			13,105,621	2,988,885	(2,653,493)		429,235	13,870,248

Statement	offunds - prior	offunds - prior	year
			Balance al					Balance at
			1April			Transfers	Gainsl	31March
			2020f	Income f	Expenditure f	inlout f	(Losses)	2021
Unrestricted	funds
General			6,636,310	1,616,524	(1,580,666)	141,453	-	6,813,621
Pension reserve			(250,000)	-	(40,000)	-	340,000	50,000
			6,386,310	1,616,524	(1,620,666)	141,453	340,000	6,863,621
Endowment	funds
John &Josephine		Bowes	1,199,143	44,881		(42,231)	254,790	1,456,583
Catalyst Endowment			2,247,165	99,422	(15)	(99,222)	(48,626)	2,198,724
			3,446,308	144,303	(15)	(141,453)	206,164	3,655,307
Restricted funds
Acquisitions	&
Conservation			2,375,972	174,893	(195,952)			2,354,913
Education			20,772	128,824	(20,906)			128,690
Capital Improvement			138,207	-	(54,877)			83,330
Skills for the	Future		17,318	11,122	(8,680)			19,760
Friends of Bowes
Museum				10,000	(10,000)
			2,552,269	324,839	(290,415)			2,586,693
Total offunds			/2, 384,887	2,085,666	(1,911,096)		546,164	l3,105,621

							Balance at
	Balance at 1				Transfers	Gains/	31 March
		April 2021	Income	Expenditure	in/out	(Losses)	2022
		E		E	E	E	E
General funds		6,863,621	2,430,539	(2,071,160)	150,784	(20,000)	7,353,784
Endowment
funds		3,655,307	152,299	(16)	(150,784)	449,235	4,106,042
Restricted	funds	2,586,693	406,047	(582,318)			2,410,422
		13,105,621	2,988,885	(2,653,493)		429,235	13,870,248
Summary	offunds	-prior year
							Balance at
		Balance at			Transfers	Gainsr	31March
		1Apri(2020 E	Income E	Expenditure	infoul	(Losses) E	2021f
General funds		6,386,310	1,616,524	(1,620,666)	141,453	340,000	6,863,621
Endowment
funds		3,446,308	144,303	(15)	(141,453)	206,164	3,655,307
Restricted	funds	2,552,269	324,839	(290,415)			2,586,693
		12384,887	2,085,666	(1,911,096)		546,164	13,105,621

Analysis of net assets between fund	s - current year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2022	2022	2022	2022
	E	E	E	E
Tangible fixed assets	169	78,141		78,310
Fixed asset investments			4,083,800	4,083,800
Heritage assets	6,493,088	2,310,141		8,803,229
Current assets	1,170,029	22,140	22,242	1,214,411
Creditors due within one year	(309,502)			(309,502)
Total	7,353,784	2,410,422	4,106,042	13,870,248

Analysis	of net assets between funds -	prior year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021	2021 f	2021 f	2021 E
Tangible	fixed assets	2,189	96,207		98,396
Fixed asset investments				3,634,566	3,634,566
Heritage assets		6,475,088	2,310,141		8,785,229
Current assets		622,227	180,345	20,741	823,313
Creditors	due within one year	(285,883)			(285,883)
Provisions	for liabilities and charges	50,000			50,000
Ttl		6,863,621	2,586,693	3,655,307	13,105,621

				Group	Group
				2022f	2021 E
Net income for the year (as		per Statement	of Financial Activities)	784,627	380,734
Adjustments for:
Depreciation charges				20,086	28,892
Gains on investments				(449,235)	(206,164)
Endownment income				(152,299)	(144,303)
Decrease in stocks				1,275	11,837
Decrease in debtors				224,761	20,765
Increase/(decrease)	in creditors			23,620	(114,491)
Other finance costs				30,000	10,000
Costs attributable to	endownment			15	15
Net cash provided	by/(used	in) operating	activities	482,850	(12,715)

25.	Analysis ofcash	Analysis ofcash	and cash equivalents	and cash equivalents
						Group	Group
						2022	2021
						6	E
	Cash	in hand				945,238	328,104
	Total	cash and cash		equivalents		945,238	328,104
26.	Analysis ofchanges			in net debt
					At 1 April		At 31 March
					2021	Cash flows	2022
					6		8
	Cash	at bank and	in hand		328,104	617,134	945,238
					328,104	617,134	945,238

Principal actuarial	assumption	s at the Balance Sheet dat	e (expressed as weighted averages)	:
			t31 March	At 31March
			2022	2021
			0/	0/
Discount rate			2.8	2.1
Future salary increases			4.1	3.7
Future pension increases			3.1	2.7
CPI inflation			3.1	2.7
Pension accounts	revaluation	rate	3.1	2.7

Sensitivity analysis
		At 31 March	At 31March
		2022 f	2021 f
Discount rate +0.1'/0		(30,000)	(30,000)
Discount rate -0.1'/0		30,000	30,000
Mortality assumption	- 1 year increase	(30,000)	(100,000)
Mortality assumption	- 1 year decrease	30,000	100,000
CPI rate +0.1'/0		30,000	30,000
CPI rate -0.1'/o		(30,000)	(30,000)

The Group's	share ofthe assets in the scheme was:
		At 31 March	At 31March
		2022	2021
		5
Equities		1,830,000	1,670,000
Government	bonds	500,000	540,000
Corporate bonds		200,000	610,000
Property		220,000	210,000
Cash		80,000	160,000
Other		480,000
Total fair value ofassets		3,310,000	3,390,000

The amounts r	e	cognised	in the Consolidated S	tatement of Financial Activities are	as follows:
					2022	2021
					E	6
Current service		cost			30,000	30,000
Interest income					(70,000)	(60,000)
Interest cost					70,000	70,000
Total amount	recognised		in the Consolidated	Statement of Financial
Activities					30,000	40,000
Movements in	the present		value ofthe defined	benefit obligation were as follows:
						2022
						5
Opening defined		benefit obligation				3,340,000
Current service		cost				30,000
Interest cost						70,000
Actuarial (gains)/losses						(150,000)
Benefits paid						(220,000)
Closing defined		benefit	obligation			3,070,000

Movemen	ts in the fair value of the Group's share ofscheme assets	were as follows:
		2022f
Opening	fair value ofscheme assets	3,390,000
Expected	return on assets	70,000
Actuarial	(losses)/gains	(170,000)
Benefits	paid	20,000
Closing	fair value ofscheme assets	3,310,000

under non	-can	cellable operating leases as follow	s:
			Group	Group	Charity	Charity
			2022f	2021f	2022f	2021f
Not later than		1 year	3,710	4,403	3,710	4,403
Later than	1 year and not later than 5years			693		693
			3,710	5,096	3,710	5,096