## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total Funds|Total Funds| ||||Funds|Funds|Funds||| |||Note|||||| |||s|6|5|5||| |Income from:|||||||| |Donations
and legacies
Charitable
activities
Investments
Trading
activities
Endowment
income||3
4
5
6
7|467,100
555,811
399
1,379,607|370,742|98,267|637,842
555,811
399
1,379,607
98,267|1,941,921
367,018
13
1,094,669| |Total Income|||2,402,917|370,742|98,267|2,871,926|3,403,621| |Expenditure
on:|||||||| |Raising funds|||||||| |Museum
activities
Venue, gift shop &caf4|||356,686
1,013,593|||356,686
1,013,593|395,445
841,848| |Charitable
activities|||||||| |- Operating
expenses||8|1,177,902|296,219||1,474,121|1,138,610| |- Depreciation|provisions|8,12|17,902|236,170|11,883|265,955|282,716| |Total expenditure|||2,566,083|532,389|11,883|3,110,355|2,658,619| |Net surplus/(deficit)|and movement|in funds|(163,166)|(161,647)|86,384|(238,429)|745,002| |Reconciliation offunds:|||||||| |Total funds brought|forward||585,979|4,890,448|138,550|5,614,977|4,869,975| |Total funds carried|forward||422,813|4,728,801|224,934|5,376,548|5,614,977| ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total Funds|Total Funds| ||||Funds|Funds|Funds||| |Income from:|||||||| |Donations
and legacies
Charitable
activities|||467,100
555,811|370,742||837,842
555,811|2,109,094
367,018| |Investments|||264|||264|10| |Endowments|||||98,267|98,267|| |Total Income|||1.
.|.|7|1,
.1 ~|.
.112| |Expenditure
on:|||||||| |Raising funds|||356,686|||356,686|395,445| |Charitable
activities|||||||| |- Operating
expenses|||1,177,902|296,219||1,474,121|1.113,577| |- Depreciation
provisions|||15,022|236,170|11,883|263,075|282,716| |Total expenditure|||1,549,610|532,389|11,883|2,093,882|1,791,738| |Met surplus/(deficit)|and movement|in funds|(526,435)|(161,647)|86,384|(601,698)|684,384| |Reconciliation
offunds:|||||||| |Total funds brought|forward||580,036|4,890,448|138,550|5,609,034|4,924,650| |Total funds carried|forward||53,601|4,728,801|224,934|5,007,336|5,609,034| ## ## ## |||||The|Grou|The|Chari| |---|---|---|---|---|---|---|---| |||||2023|2022|2023|2022| ||||Notes|6|||| |Fixed assets|||||||| |Tangible fixed assets
Investments|||14,15
16,17|6,394,571|6,653,072|6,391,154
2|6,648,007
2| |||||6,394,571|6,653,072|6,391,156|6,648,009| |Current assets|||||||| |Stocks
Debtors
Cash at bank and|In hand||18
19|55,914
90,459
298,254|71,647
201,588
255,653|68,575
240,178|192,455
184,098| |Creditors: faglng due within one year
Net current assets/(liabgities)|||20|444,627
~3,06
~6,43|528 888
~629
~22902|308 753
~2.9
,~64,2|376 553
~06.
~29,| |Total assets less current||liabilities||6,096,138|6,423,993|5,726,926|6,418,050| |Creditors: falling|due atter one year||22|(719,590)|(809,016)|(719,590)|(809,016)| |Net assets||||5,376,548|5,614,977|5,007,336|5,609,034| |The funds ofthe|charity||||||| |General funds
Designated
funds|||28,29|(1,353,905)
1 776,718|(1,199,539)
I 785,518|(1,723,117)
1 776,718|(1,205,482)
1 785,518| |Total unrestricted|funds|||422,813|585,979|53,601|580,036| |Restricted
funds|||30,31|4,728,801|4,890,448|4,728,801|4,890,448| |Endowment
funds: Fixed assets
Endowment
funds: Appeals
Total endowment
funds||||126,667
98,267
224,934|138,650
138,550|126,687
98,267
224,934|138,550
138,550| |Total charity funds|||24, 25, 26, 27|5,376,548|5,614,977|5,007,336|5,609,034| ## ## ## ## ||||||Notes|2023|2022| |---|---|---|---|---|---|---|---| |Cash flows from operating
activities:||||||E|E| ||Net cash provided
by/(used
in) operating
activities|||||170,956|1,410,436| |Cash flows from investing
activities:|||||||| ||Dividends,
interest and rents from investments
Purchase
ofproperty,
plant and equipment|||||399
(7,454)|13
(1,611,279)| |Net|cash provided
by/(used
in) investing
activities||||||| |Cash flows from financing activities:|||||||| ||Net repayments
of borrowing
Net inilows from borrowing|||||(121,300)|23,334| |Net|cash provided
by/(used
in) gnancing
activities||||||34| |Change
in cash and cash equivalents
in the||reporting|period|||42,601|(177,496)| |Cash and cash equivalents
at the beginning
Cash and cash equivalents
at the end ofthe||ofthe reporting
reporting
period||period||255,653
298,254|433,149
255,653| |Notes to the Cash Flow Statement||||||2023|2022| |||||||E|E| |1)|Reconciliation
of net income/(expenditure)|to net|cash flow from||||| ||operatinp
activities||||||| ||Net income/(expenditure)
for the reporting|period (as per the statement|||of||| ||financial activities)|||||(238,429)|745,002| ||Adjustments
for:||||||| ||Depreciation
charges
Dividends,
interest and rents from investments
(Increase)/decrease
In stock and work in progress
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors|||||265,955
(399)
15,733
111,129
16,967|285,685
(13)
(47,314)
(101,334)
528,410| ||Net cash provided
by/(used
in) operating|activities||||170,956|1,410,436| |||||||2023|2022| |2)|Analysis ofcash and cash equivalents|||||E|E| ||Fundsin
hand|||||298,254|255,653| ||Total cash and cash equivalents|||||2
54|255,653| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Donations
and legacies|Donations
and legacies|||Unrestricted|Restricted|2023
Total|Unrestricted|Restricted|2022
Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||E|E|E|E|E|E| ||Donations
Donations
in kind: land 8 property
Friends &patrons subscriptions
Legacies
Grants 8 trust income
CJRS grant
Corporate
&sponsorship
income||||173,049
72,571
216,480
5000|370,742|173,049
72,571
216,480
370,742
5000|278,062
1,250,000
59,237
154,000
15,000|3,000
177,944
4,678|278,062
1,250,000
59,237
3,000
331,944
4,678
15000| ||||||467,100|370,742|837,842|1,756,299|185,622|1,941,921| |4|Charitable
activities||||Unrestrictedf|Restricted
E|2023
Total
E|Unrestricted
E|Restrictedf|2022
Total
E| ||Education
Public programmes
Admissions
Other||||112,770
102,500
293,316
47225||112,770
102,500
293,316
47,225|1,947
119,116
187,600
55,334|1,928
1,013
80|3,875
120,129
187,600
55,414| ||||||555,811||555,811|363,997|3,021|367,018| ||||||||2023|||2023| |5|Investments||||Unrestricted
E|Restricted
E|Total
E|Unrestricted
f|Restricted
E|Total
f| ||Bank &other interest||||399||399|13||13| ||||||399||399|13||13| |0|Trading activities
Tradescant
Tradln|Com|an|Limit|Unrestricted
E|Rsstdctsdf|2033
Total
E|Unrestrictedf|Restricted
E|2022
Total
E| ||Gift shop sales
Venue hire fees
Cafe sales
CJRSgrant||||163,638
343,291
872,678
1,379,607||163,638
343,291
872,678
1,379,607|148,847
276,409
666,588
2,825
1,094,669||148,847
276,409
666,588
2,825
1,094,669| ## ## |7|Endowment
income
Endowment
Appeal||||||||2023
Total
E
98,267
98k,|2022
Totalf| |---|---|---|---|---|---|---|---|---|---|---| ||During the year the Museum
for the Museum
which would|launched
an Endowment
appeal which would be invested
to generate interest Iinvestment
income
go towards
funding
its core operating costs. The capital sum is ring-fenced
for this purpose.||||||||| |8|Expenditure
on:||||||Raising funds
E|Charitable
activitiesf|2023Total
E|2022 Totalf| ||Staff costs
Other direct costs
Supportcosts||||||697,017
550,181
125961|634,788
566,124
524,402|1,331,805
1,116,305
650363|1,116,317
965,824
564 595| ||||||||1,373,159|1,725,314|3,098,473|2,646,736| |9|Analysis ofsupport costs||||||Raising funds
E|Charitable
activities
E|2023Total
E|2022 Totalf| ||Premises
Operating
Finance and IT||||||48,888
58,974
18099|203,629
245,387
75,386|252,517
304,361
93485|196,700
245,885
122010| ||||||||125,961|524,402|650,363|564,595| |10|Charitable
activities|||||Staffcostsf|tuner olnlcr
costsf|Supportf|2023Totalf|2022 Total
E| ||Museum,
garden
and public opening
Events, lectures and seminars
Education|||||514,978
50,537
69273|485,413
67,485
13,226|425,377
41,770
57255|1,425,768
159,792
139,754|1,100,059
189,988
119398| |||||||634,788|566,124|524,402|1,725,314|1,409,445| |11|Charitable
activity support costs|||||Premisesf|Operatingf|Finance and
rr
E|2023Total
E|2022 Totalf| ||Museum,
garden and public opening
Events, lectures and seminars
Education|||||165,195
16,212
22,222|199,025
19,556
26,806|61,157
6,002
8,227|425,377
41,770
57,255|309,377
71,021
53,333| |||||||203,629|245,387|75,386|524,402|433,731| |12|Endowment
expenses
~D
The Ernest Cook Trust
Education
Fund
Gallery Project
Gallery projects donations
The Weston Foundation||||||||2023
Totalf
277
255
9,650
468
1.233|2022
Totalf
277
255
9,650
468
1,233| ||||||||||11,883|11,883| ## ## ## |13|Staff costs|||||||Group
2023|2022|Charity
2023
2022|Charity
2023
2022| |---|---|---|---|---|---|---|---|---|---|---|---| ||Staff salaries
Staff social security
Staff pensions|||||||E
1,159,870
101,138
70,796|E
963,976
84,906
67,435|E
662,225
62,871
62,092|E
567,424
49,481
59,263| |||||||||1,331,804|1,116,317|787,188|676,168| ||Employees
paid in excess ofE60,000||||during
ihe current year and||||||| ||previous year.|||||||||1|1| ||Average
number
ofemployees|||during|the year was:|||46|44|25|23| ||The charity considers its key
(including
employer
pension||management
personnel
contributions)
ofthe key|||lo be the trustees and the executive director. The lotal employment
benefits
management
personnel
were E102,019(2022:E94,569).
Furniture|||||| |14|Tangible fixed assets: Group||||Courtyard||Other Land 8||&|OISce|| ||Cost||||Building
E|Gallery
E||buildings|fixtures
E|aqulpmant
E|Total
F| ||As at 1 April 2022
Additions||||6,007,608|489,761||1,623,305|331,647
3,467|54,954
3,987|8,507,275
7,454| ||As at 31 March 2023||||6,007,608|489,761||1,623,305|335,114|58,941|8,514,729| ||Depreciation||||||||||| ||As at 1 April 2022
Charge for the year||||1,194,196
240,304|292,550
16,914||10,209
151|305,668
6,641|51,580
1,945|1,854,203
265,955| ||As at 31 March 2023
April||||1,434,500|309,464||10,360|312,309|53,525|2,120,158| ||Net book value||||||||||| ||As at 31 March 2023||||4,573,108|180,297||1,612,945|22,805|5,416|6,394,571| ||As at 31 March 2022||||4,813,412|197,211||1,613,096|25,979|3,374|6,653,072| |15|Tangible fixed assets: Charity||||Courtyard||Other Land &||Funlture
&|Office|| ||Cost||||Building
E|Gallery
E||buildings
E|fixtures
E|equlpmant
E|Total
E| ||As at 1
202
Additions||||6,007,608|489,761||1,623,305|327,447
2,844|50,489
3,378|8,498,610
6,222| ||As at 31 March 2023||||6,007,608|489,761||1,623,305|330,291|53,867|8,504,832| ||Depreciation||||||||||| ||As at 1 April 2022
Charge for the year||||1,194,196
240,304|292,550
16,914||10,209
151|303,187
4,556|50,461
1,150|1,850,603
263,075| ||As at 31 March 2023||||1,434,500|309,464||10,360|307,743|51,611|2,113,678| ||Net book value||||||||||| ||As at 31 March 2023||||4,573,108|180,297||1,612,945|22,548|2,256|6,391,154| ||As at 31 March 2022||||4,813,412|197,211||1,613,096|24,260|28|6,648,007| ||Fundwise
allocation|ofthe NBV ofcharity assets at 31 March 2023|||||||||| ||Designated
Endowment
Restricted||||102,115
4,470,993|36,854
126,667
16,776||1,612,945|22,548|2,256|1,776,718
126,667
4,487,769| ||Total||||4,573,108|180,297||1,612,945|22,548|2,256|6,391,154| ## ## ## ## ## ## ## ## |20|Creditors: amounts
falling due within one year|Group
2023|2022
Charity
2023|2022| |---|---|---|---|---| |||E|E
E|E| ||Operating
creditors
Sundry creditors|242,670
11,650|275,993
9,475
159,342|218,553| ||Amount
due to subsidiary||449,270|432| ||VAT liability
PATE
Pension
fund
Accued expenses
Deferred income
Pnvate loan
CAF bank loan
Barclays Bounce Back loan
Dawnay
Holdings
loan|43,050
31,739
89,139
25,611
203,572
33,000
36,728
10,000
15,901|24,251
24,566
9,307
52,018
234,857
33,000
35,745
10,000
48,755
43,050
31,739
89,139
16,441
88,373
33,000
36,728
10,000
15,901|24,251
24,566
9,307
49,019
152,884
33,000
35,745
10,000
48,755| |||743,060|757,967
972,983|606,512| ||During 2021/22 the Trustees became aware ofa potential
under-payment
in employer's
contributions
in respect ofthe Director
and a provision
ofE35,000was made
in the accounts as an accrued expense. Any under-payment
could incur an ancillary
claim
against the Museum
for loss resulffng
from the failure to make payments
as and when they fell due. The exact liability is under
review and is yet to be determined
but a further E35,000has been accrued
in 2022/23 taking the total pension
provision
to
E70,000.Pending the outcome ofthe review the Trustees have agreed
to make additional
paymenls
ofE2,000 per month
into the
Directors
nsion from Ma
2023 to March 2026 in res ectofthe contractual
shorffa8 and an
cense
uential loss.|||| |21|Deferred Income reconclffatlon|Deferred Income reconclffatlon|||Group
2023|2022|Charity
2023|2022| |---|---|---|---|---|---|---|---|---| ||Balance as at 1 April 2022
Amount released to income earned
Amount
deferred
in year
Balance as at 31 March 2023||from charitable|acffvities|E
234,857
(234,857)
203,572
203,572|E
162,364
(162,364)
234,857
234,857|E
152,884
(152,884)
88,373
88,373|E
78,767
(78,767)
152884
152,884| |22|Creditors: amounts
falling|due after one year|||Group
2023|2022|Charity
2023|2022| ||||||E|E|E|E| ||Private loan
CAF bank loan
Barclays Bounce Back loan
Deferred purchase
payment
Dawnay
Holdings
loan||||30,000
312,090
27,500
350,000|48,000
344,850
37,500
350,000
28,666|30,000
312,090
27,500
350,000|48,000
344,850
37,500
350,000
28,666| ||||||719,590|809,016|719,590|809,016| |23|Maturity ofloans||||Group
2023|2022|Charity
2023|2022| ||||||E|E|E|E| ||Amount
falling due:|||||||| ||In one year or less
Between one and two years
Between two and five years
In five years or more||||95,629
65,864
510,265
153,461|127,500
93,517
525,033
190,466|95,629
65,864
510,265
153,461|127,500
93,517
525,033
190466| ||||||825,219|936,516|825,219|936,516| ||The CAF loan is repayable
d
I
I
I
ta|by September 2031 and||is charged at2.95%above base rate. The loan is secured
by a charge on the||||| ## ## |The funds ofthe Group -current year|The funds ofthe Group -current year|Opening
balance|Resources
arising|Resources
utgised|Other
movemsnts|Closing
balance| |---|---|---|---|---|---|---| |d~Rd0dd||||||| |Endowment
funds: fixed assets
Endowment
funds: appeals
Restricted
funds
Total restricte funds
l~nreslri
t i~fund||138,550
4,890,448
5,028998|98,267
370,742
469,009|(11,883)
~50, 89
~272||126,667
98,267
4,730801
4,955,735| |Designated
funds
General funds
Total unrestricted|funds|1,785,518
~98
585,979|6,222
2,396,695
2,402,917|(15,021)
~55(,
~2,
, 83||1,776,718
422.813| |||5,614,977|2,871,926|~(2'
. 55||5,378,548| |||Opening|Resources|Resources|Other|Closing| |The funds ofthe Group -prior year||balance|arising|utglsed|movements|balance| |~RD f||||||| |Endowment
funds
Restricted
funds
Total restncled
~ll
d0f0
dd|funds|150,433
5,223 087
5,373520|188,643
188,643|(11,883)
~52, 82||138,550
4,890448
5,028,998| |Designated
funds
General
funds
Total unrestri cled|funds|197,444
~(2996
503,546|1,608,407
1,606,571
3,214,978|(20,333)
~08(20||1,785,518
~99,53
585,979| |||4,869,974|3,403,621|~(2,658.
1||5,614,977| |||Opening|Resources|Resources|Other|Closing| |The funds ofthe charity -current year||balance|arising|utgised|movements|balance| |9~DR||||||| |Endowment
funds: fixed assets
Endowment
funds: appeals
Resbtcted
funds
Total restncted funds
~(R
'
df||138,550
4,890,448
5,028998|98,267
370,742
469,009|(11,883)
~369||126,667
98,267
4,730,801
4 955,735| |Designated
funds
General funds
Total unrestricte|funds|1,785,518
~205.4
580,036|6,222
1,016,954
1,023,175|(15,021)
0||1,776,718
~22
53,601| |||5,609,034|1,492,184|(2,091,883)||5,009,336| |||Opening|Resources|Resources|Other|Closing| |The funds ofthe charity -prior year||balance|arising|utgised|movements|balance| |Restricted funds||||||| |Endowment
funds: fixed assets
Endowment
funds: appeals
Restricted funds
Total restricted funds
Unrestricted
funds||150,433
5,223,087
5,373,520|188,643
188,643|(11,883)
~282
~532' '||138,550
4,890,448
5,028,998| |Designated
funds
General
funds
Total unrestricte|funds|197,444
~64
. 14
~448,876|1,608,407
679,073
2 287,480|(20,333)
~(.23
.24
~(.25857||1,785,518
~(,20
.4
1
580,037| |||4,924,650|2,476,123|(1,791,738)||5,609,035| ## ## ## |28|Designated
funds:
Fixed assets fund|Group & Charity|-current year|Opening
balance
E
1 785518|Resources
arising
E
6,
2|Resources
utglsod
E
~21|Resources
utglsod
E
~21|Transfers
&
adjustments
E|Closing
balance
E
1 776,718| |---|---|---|---|---|---|---|---|---|---| |||||1,785,518|6,222||(15,021)||1,776,718| |29|Designated
funds: Group 8 Charity||-prior year|Opening
balance|Resources
arising||Resources
utgised|Transfers 8
adjustments|Closing
balance| ||Fixed assets fund|||E
197444
197,444|E
,666,4
1,608,407|E
~333
(20,333)||E|E
1,785,518
1,785,518| ||Fixed assets fund||Funds expended|on fixed asset purchases.||The balance ofthe||fund represents|the net| ||||book value offixed assets not||funded
by restricted||funds or loans. The movement||on the| ||||fund represents|the affect ofaddigons,
disposals|||and depreciation
charges.||| |30|Restricted funds: Group &Charity -current year|||Opening
balance
f|Incoming
resources
E||Resources
expended
f|Transfers
&
adjustments
E|Closing
balance
f| ||Archives
Benton End
Crescent Trust
Development
Education
Exhibitions
Lambeth
Green
Building,
Infrastructure|and Gardens||22,671
10,000
4,723,939
58,112
36,365
39,357|65,000
154,002
67,722
17,000
8,500
58,518||43,288
76,160
236,170
79,051
2,000
51,115
44,605||44,383
77,842
10,000
4,487,769
46,783
15,000
(6,250)
53,270| |||||4,890,448|370,742||532,389||4,728,801| |31|Restricted funds: Group 8 Charity -prior year|||Opening
balance|Incoming
resources||Resources
expended|Transfers 4,
adjustments|Closing
balance| ||Collections
Archives
Benton End
Canbbean
Heritage
Crescent Trust
Development
Education
Furlough
Lambeth
Green
Building,
Infrastructure|and Gardens||E
1,432
70,434
15,214
22,957
4,974,439
5,950
65,451
67205|E
450
13,567
29,509
25,511
10,000
87,428
4,678
3,000
14,500||E
1,882
61,330
44,723
48,469
250,500
35,266
4,678
32,086
42 348|E
E
22,671
10,000
4,723,939
58,112
36,365
39357|| |||||5,223,087|188,643||521,282|4,890,448|| ## |ITupgrade
Sea
Tomb|Funding
the systems up
9
9
fb
X|grade
to Office 365.
b.|||| |---|---|---|---|---|---| |Net assets attributable|to funds: Group -current year|Unrestricted
fundsf|Restricted
fundsf|Endowment
fundsf|Total
f| |Tangible
fixed assets
Investments||1,780,135|4,487,769|126,667|6,394,571| |Current assets
Current
liabiliUes
Long term liabilities||105,328
(743,060)
~7D|241,032|98,267|444,627
(743,060)
,59D| |Net assets represented|by funds|422,813|4,728,801|224,934|5,376,548| |Net assets attributable|to funds: Charity -current year|Unrestricted
funds|Restricted
fundsf|Endowment
fundsf|Total| |Tangible
Uxed assets
Investments||1,7
76,718
2|4487 769|126667|6,391,154
2| |Current assets
Current
liabilities
Long term liabilities
Net assets represented|by funds|(
(9
7
30,546)
72,983)
~19
~
53,601|241,032
4,728,801|98,267
224,934|308,753
(972,983)
~7590
5,007,336| ## ## ## |34|Net assets attributable|to funds: Group - prior year|Unrestricted
funds|Restricted
funds|Endowment
funds|Total| |---|---|---|---|---|---|---| ||||E|E|E|E| ||Tangible fixed assets||1,790,583|4,723,939|138,550|6,653,072| ||Investments|||||| ||Current assets
Current
liabilities
Long term liabilities
Net assets represented|by funds|362,375
(722,963)
~6
620,979|166,509
4,890,448|138,550|528,884
(722,963)
~909.
5,649,977| |35|Net assets attributable|to funds: Charity - prior year|Unrestricted
funds|Restricted
funds|Endowment
funds|Total| ||||E|E|E|f| ||Tangible
fixed assets||1,785,518|4,723,939|138,550|6,648,007| ||Investments||2|||2| ||Current assets||210,040|166,509||376,549| ||Current
liabilities
Long term liabilities
Net assets represented|by funds|(571,508)
~016
615,036|4,890,448|138,550|(571,508)
~809,
5,644,034| ## ## ##