2023-03-31-accounts - The Story Museum

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees' Annual Report		1 -10
Independent Auditor's	Report	11-13
Statement of Financial	Activities	14
Balance Sheet		15
Statement of Cash Flows		16
Notes to the Accounts		17-26

6 0 Ol Cl 0 '0 DI(0I til 0 hl	0 Dl C CL (D0 DI1 Cl CL 0	OOO C ™~$ (0 ~~ (D g (D ~ Cl —I- (D D)—(II (D R g (II OI e (II (II ID CL OZI (9 '0 1 II (II O 0 5I X CL 'C jg I OI (II Gl	OOO C ™~$ (0 ~~ (D g (D ~ Cl —I- (D D)—(II (D R g (II OI e (II (II ID CL OZI (9 '0 1 II (II O 0 5I X CL 'C jg I OI (II Gl	OOO C ™~$ (0 ~~ (D g (D ~ Cl —I- (D D)—(II (D R g (II OI e (II (II ID CL OZI (9 '0 1 II (II O 0 5I X CL 'C jg I OI (II Gl	OOO C ™~$ (0 ~~ (D g (D ~ Cl —I- (D D)—(II (D R g (II OI e (II (II ID CL OZI (9 '0 1 II (II O 0 5I X CL 'C jg I OI (II Gl	OOO C ™~$ (0 ~~ (D g (D ~ Cl —I- (D D)—(II (D R g (II OI e (II (II ID CL OZI (9 '0 1 II (II O 0 5I X CL 'C jg I OI (II Gl	0 DI C CL (tl0 Dl I0. 0	0 e g) 0 —0 C 0 N DI 0 CT ™ 0 (0 0 H.	XI 0CI C CL tA	R O (D CL	Z0 00IIX'0I CL CI	0 IDI '0I CL 2I	OO (D (D 0 0 O (II I- (II b (IICo 0	OO (D (D 0 0 O (II I- (II b (IICo 0	Q) (II' (0 ~ C ~ ~	0 DI 003I	O R gl (Do &. (D (II	I I OQ 8 O~ O 0 Q) D) 0 (0 (II 0) (II	I I OQ 8 O~ O 0 Q) D) 0 (0 (II 0) (II	U~ 0 00 O (D 0
(D
0
'0S
0 I (II tD		hl ~ 4l (0 (0 Qhl4 O (0 Ol O (A Q			hl CD M Ql			4l Ql Cl4l		(A hJ V 00			CD QlV	I	Q Ql (0	CD(0 Cl Ol 0(l	(0 Ol 00 A Ql	V 4l hl O 00							Ql I2 Cl
S																									0
0I	Ql 4l 00 C					CD (A 0(l		(D CD(0						4l4l(0							a	OI Q)			'll Dl
tll IH' DlII Ol	(0 Cl CD hJ Cl (0 M Ql	I hl 4l (p Q O O	I ~ (0 h3 (0 4l	I (0 W QI O	I hlQ 00 hl 0(l	(0 CCl CD 4l 00 (0 Cl		4l Cl CD CD 0(l CD				00(0 (0 Cl	W V CD QIV	h3 4l4l (0 hl A	CD (0	CD(0Q Ql 00	(0 Ol CO A Ol	V 4l hl O 00			e CL I	+I CL C (D 0 I 0— I0.		0 0I Ill	0 rs I' g	Z tD
	CD (0 Cl O Ql	IV 4l Ql O Q O	~ (0 hl (0 (A	(0 W Ol O	(0 Ql 4l(0 (0 V (0	Ol 4l CD (0		4l Q 0(I CD Q hl Ol			M (0 (0	4l Ol(0 M Cl4l Ol Cl Ql	4l Ql(0 Ol Ql Ol hl CD	4l 4l (0 hl W	Ql (O		I (O Ol 0(l COl W	4l4l 4l4l 4 0(I Ql Ol Ql	I	th	~N Cl g 0I CL 9 hl 0 O & tll —4l Dl			4l ttl~(a DI 0 0 3 z I hl al O 3 hl 0. 4l mX		cI 3
																									Cl
																									CL
	4l Ol Cl4l CD CD(0	hl (A Ql O 0 O	~ 0(l O O hl Q	CD Ql V O hl	4l Ol CD ~ Ol	( CD Ol(0	4l Ol Cl4l Ql CD(0	O CD		Ql4l CD C) Ql4l	00 Cl 0(l 00(0 4l hl	CI (0 (0 Ol hl	O Ql CD 00	4l Ch3	Cl Ol Ql	Cl Cl	Ql (0 (0 (0 (A V	W (0 CD hl Ql W	4l 4l (0 ~ Ol	~Q C,I ItlS & g.I I ~ Dl OI ~ ID C~'					CI 000c
	I'A Cl	I	I	I	I	4l O	(A Q	(0 Ol		CD CO	(0 (A	(0 (A		(0 4l							ge	+I
																						CL
																						C
	Ol					CD	Ol
	CD CD CD	(A QI O Q O	CD O O hl O	(D Ol V O hl	4l ~ Ql 00 ~ Ol	CD (0 (A V O	Ql (D CD	Cl Ql C(0				Ol Ql4l CD(0	O Ol CD 00	4 hl V (0 4l	Q Ol Ql	4lO Cl	Ol (0 (0 (0 4l V	W (0 CD hl QI A	(A 4l (O ~ Ol		C (D ~(D CL tll 0 Cl		g0
																						CL
	hl4l Cl 00	I	I	I	hl4l CI CD	I	hl4l Cl CD				hl4l Cl CD	hlO Ol (0	hl Cl Ol (0			hl (A Cl CD	I	M Q Ca 'I	I		~ (D	I (ll I n'I
																						CL
	Ql C) Ql	M~ (A CD Ol Cl Q O 0 M O O		CO Ql V O hl	(A (A (0 hl hl 4l	CD CD (0 ~ 4l V O	Ol CI hl Ol	Ol (0	CQ CI		Q CI	CD Ol0)	4l 4l (A Ol O	(A hl V (0 4)	Ql 4l Ql		Ql V (0 M (A (0 V 4l (0 4l (0 (A4~ V~(D				C	-Ihl 0 O hl Dl

					Charity	Group	Charity	Group
				Note	2023	2023	2022	2022
						K	K
Fixed Assets
Tangible assets					6,384,815	6,384,815	6,691,245	6,691,245
Intangible					125	125	125	125
					6,384,940	6,384,940	6,691,370	6,691,370
Current Assets
Stocks					20,919	20,919	18,105	18,105
Debtors				10	112,250	70,531	105,676	67,597
Cash at bank and		in	hand		375,950	439,979	290,644	339,223
					509,119	531,429	414,425	424,925
Creditors: amounts			falling due
within one year					(183,503)	(191,293)	(172,608)	(180,020)
Net Current (Liabilities) IAssets					325,616	340,136	241,817	244,905
Long term liabilities				12	(235,000)	(235,000)	(235,000)	(235,000)
Net Assets					6,475,556	6,490,076	6,698,187	6,701,275
Funds
Restricted income		funds		13	19,151	19,151	23,408	23,408
Unrestricted
Designated	funds			14	6,384,940	6,384,940	6,691,370	6,691,370
General funds				14	71,465	85,985	(16,591)	(13,503)
Total funds					6,475,556	6,490,076	6,698,187	6,701,275

						2023	2022
Cash flows from operating activities:
Net cash provided by operating activities						133,540	(38,624)
Cash flows from investing activities:
Purchase of property, plant and equipment						(32,784)	(8,212)
Net cash (used in) investing activities						(32,784)	(8,212)
Change in cash and cash equivalents	in the	reporting	period			100,756	(46,836)
Cash and cash equivalents at the beginning		ofthe reporting		period		339,223	386,059
Cash and cash equivalents at the end	ofthe	reporting	period			439,979	339,223
Reconciliation ofnet movement in funds to		net cashflow from operating				activities
Net movement in funds for the reporting	period	(as per the Statement			of
Financial Activities)						(211,199)	(400,274)
Adjustments for:
Depreciation charges						339,214	342,793
Decrease/(increase) in stock						(2,814)	2,274
Decrease/(increase) in debtors						(2,934)	386,083
Increase/(decrease) in creditors						11,273	(369,500)
Net cash provided by operating activities						133,540	(38,624)

Donations
				2023	2022
Government grants receivable					33,916
Grants —Arts Council England
Arts Council Funding	—National	Portfolio	Organisations	178,220	178,220
Government's Cultural	Recovery Fund				255,000
Grants —National Lottery	Heritage	Fund			142
Grants —Oxfordshire County Council/Oxford			City Council	9,000	77,800
Private gifts received above f10,000
- Anonymous donor				250,000
- Deborah K Holmes				220,000
- Esmee Fairbairn Foundation					50,000
- Foyle Foundation				35,000
- Cave Foundation				20,000
- Adrian Swire Charitable	Trust			19,452
- Art Fund				15,000	41,395
- Maggie Evans Fund				15,000	15,000
- Kamini and Vindi Banha	Trust				15,000
- Rothschild Foundation					14,250
- Segantii Asset Management				10,000
Grants and gifts below E10,000				93,746	80,534
				865,418	761,257

								2023	2022
	Cafe income							140,466	96,839
	Retailing							103,375	78,283
	Rent and room hire							90,135	43,873
	Ticketed events							499,441	327,491
	Schools programme and		teacher training					67,113	51,251
	Corporate sponsorship							42,135	1,200
	Enterprise activity							14,632
	Consultancy							1,167	'i,000
								958,464	599,937
4.	Expenditu're	on raising	funds
								2023	2022
	Fundraising	services and	expenses					8,837	5,967
	Staff costs							131,782	99,348
								140,619	105,315
5.	Expenditure	on charitable		activities
								2023	2022
	Professional	fees and expenses			relating to	outreach,	exhibitions
	and events	programme,	and trading					325,463	268,500
	Staff costs relating to outreach,				exhibitions	and events	programme,
	and trading							672,793	564,397
								998,256	832,897
	Support costs (note 6)							896,206	823,256
								1,894,462	1,656,153

6.	Support co	sts
						2023	2022
	Staff costs					191,684	208,807
	Depreciation					339,213	342,792
	Office, marketing		and	professional	costs	356,261	262,464
	Governance	costs (note 7)				9,048	9,193
						896,206	823,256
7.	Governance	costs
						2023	2022
	Auditor's remuneration			—audit services		5,950	5,950
	Board meetings					3,098	3,243
						9,048	9,193

			2023	2022
			K
Salaries			901,782	756,162
National	insurance		70,171	54,893
Employer's		pension	15,663	13,590
			987,616	824,645

Tangible assets
	Leasehold	Long Leasehold	Equipment	Museum	Total
	Improvements	Property		Fit-out
Cost
At 31st March 2022	4,669,560	2,190,000	167,662	635,292	7,662,514
Additions			15,819	16,965	32,784
At 31st March 2023	4,669,560	2,190,000	183,481	652,257	7,695,298
Depreciation
At 31st March 2022	580,708	36,198	138,395	215,968	971,269
Charge for the period	186,783	18,099	22,948	111,384	339,214
At 31stMarch 2023	767,491	54,297	161,343	327,352	1,310,483
Net book value
At 31st March 2023	3,902,069	2,135,703	22,138	324,905	6,384,815
At 31st March 2022	4,088,852	2,153,802	29,267	419,324	6,691,245

Debtors
		Charity	Group	Charity	Group
		2023	2023	2022	2022
Trade debtors		28,408	35,371	7,736	16,156
Donationslgrants	receivable			34,000	34,000
Prepayments		7,842	7,842	3,324	3,324
Due from subsidiary		48,682		46,499
Other debtors		27,318	27,318	14,117	14,117
		112,250	70,531	105,676	67,597

		Charity	Group	Charity	Group
		2023	2023	2022	2022
Trade creditors		61,858	62,434	50,033	50,081
Other creditors		3,200	3,200	3,200	3,200
VAT creditor		32,246	36,272	7,647	10,674
Deferred income		57,137	60,324	60,724	65,060
Pension creditor		3,599	3,599	2,684	2,684
Accruals		25,463	25,464	25,119	25,120
Loan from Arts Impact Fund				23,201	23,201
		183,503	191,293	172,608	180,020
Creditors: Amounts	falling due after more than one year
		Charity	Group	Charity	Group
		2023	2023	2022	2022
			K
Loans from Trustees	and other related parties	235,000	235,000	235,000	235,000
		235,000	235,000	235,000	235,000

2023				At 1st				At 31st
				April 2022	Income	Expenditure	Transfers	March 2023
Programme,	Learning		and
participation	projects			23,408	121,374	(125,631)		19,151
Statutory grants					11,960	(11,960)
Total Restricted		Funds		23,408	133,334	(137,591)		19,151
2022				At 1st				At 31st
				April 2021	Income	Expenditure	Transfers	March 2022
Programme,	Learning		and
Participation	projects				121,495	(98,087)		23,408
Statutory grants					109,592	(109,592)
Total Restricted		Funds			231,087	(207,679)		23,408

Unrestricted	funds	funds
2023			At 1st				At 31st
			April 2022	Income	Expenditure	Transfers	March 2023
							E
Designated:
-long leasehold		property
and property		improvements	6,113,080		(204,882)		5,908,198
-other fixed assets			578,290		(134,332)	32,784	476,742
			6,691,370		(339,214)	32,784	6,384,940
General funds			(13,503)	1,690,548	(1,558,276)	(32,784)	85,985
			6,677,867	1,690,548	(1,897,490)		6,470,925
2022			At 1st				At 31st
			April 2021	Income	Expenditure	Transfers	March 2022
						K	K
Designated:
—long leasehold		property
and property	improvements		6,447,661		(342,793)	8,212	6,113,080
-other fixed assets			578,290				578,290
- Maintenance		Reserve	62,000			(62,000)
			7,087,951		(342,793)	(53,788)	6,691,370
General funds			13,598	1,130,107	(1,210,996)	53,788	(13,503)
			7,101,549	1,130,107	(1,553,789)		6,677,867

	Unrestricted	Restricted
	Funds	Funds	Total
2023
Fixed assets	6,384,940		6,384,940
Net current assets/(liabilities)	320,985	19,151	340,136
Long term liabilities	(235,000)		(235,000)
	6,470,925	19,151	6,490,076
	Unrestricted	Restricted
	Funds	Funds	Total
		f
2022
Fixed assets	6,691,370		6,691,370
Net current assets/(liabilities)	221,497	23,408	244,905
Long term liabilities	(235,000)		(235,000)
	6,677,867	23,408	6,701,275

which delivers the schools programme and teac 31st March 2023 is set out below:	her training. A summary ofthe results for the	period ended
	2023	2022
Income	65,613	49,351
Expenditure	(51,093)	(46,262)
Profit for the period	14,520	3,089
Assets	70,991	56,999
Liabilities	(56,471)	(53,910)
Net assets	14,520	3,089