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|Trustees|||M Ali|||||
|---|---|---|---|---|---|---|---|
||||A Chapman|||||
||||ND Dowden||(Appointed|31May 2022)||
||||D Hogben|||||
||||JM Moseley|||||
||||AV Todd|||||
||||SThomson||(Appointed|5 September|2023)|
||||L Burton||(Appointed|9 July 2023)||
||||R Pudduck||(Appointed|9July 2023)||
||||M Bateman||(Appointed|9 July 2023)||
||||R Murray||(Appointed|9 July 2023)||
|Secretary|||F Sparkes|||||
|Charity number|||1109066|||||
|Company|number||05343257|||||
|Registered||office|HQS Wellington|||||
||||Tempke Stairs|||||
||||Victoria Embankment|||||
||||London|||||
||||WC2R 2PN|||||
|Independent||examiner|Myers Clark|||||
||||Egale 1|||||
||||80 St Albans|Road||||
||||Watford|||||
||||Hertfordshire|||||
||||WD17 1DL|||||
|Investment||advisors|Evelyn Partners|||||
||||45 Gresham|Street||||
||||London|||||
||||EC2V 7BG|||||
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||||||Page|
|---|---|---|---|---|---|
|Trustees'|report||||1-5|
|Independent||examiner's||report||
|Statement|of|financial|activities||7-8|
|Balance sheet||||||
|Notes to|the|financial|statements||10-21|
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|Current financial year|Current financial year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|||
|||||2023|2023|2023|2022|
||||Notes||f|f|f|
|Income and endowments||from:||||||
|Donations
and legacies||||39,044||39,044|114,227|
|Charitable
activities||||26,484||26,484|21,256|
|Other income||||3,252||3,252|4,381|
|Total income||||68,780||68,780|139,864|
|Ex enditure on:||||||||
|Raising funds||||5,358||5,358|9,632|
|Charitable
activities||||150,804|33,581|184,385|246,677|
|Total expenditure||||156,162|33,581|189,743|256,309|
|Net gains/(losses)|on investments|||(12,636)||(12,636)|1,471|
|Net outgoing
resources||before transfers||(100,018)|(33,581)|(133,599)|(114,974)|
|Gross transfers
between||funds||(10,180)|10,180|||
|Net expenditure
for the year/||||||||
|Net movement
in|funds|||(110,198)|(23,401)|(133,599)|(114,974)|
|Fund balances at 1April||2022||777,776|36,230|814,006|928,980|
|Fund balances at|31March 2023|||667,578|12,829|680,407|814,006|
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|Prior financial|year|year||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds||
||||||2022|2022|2022|
|||||Notes||||
|Income and endowments|||from:|||||
|Donations
and|legacies||||57,683|56,544|114,227|
|Charitable
activities|||||21,256||21,256|
|Other income|||||4,381||4,381|
|Total income|||||83,320|56,544|139,864|
|Ex enditure
on:||||||||
|Raising funds|||||9,632||9,632|
|Charitable
activities|||||201,321|45,356|246,677|
|Total expenditure|||||210,953|45,356|256,309|
|Net gains/(losses)||on investments|||1,471||1,471|
|Net outgoing|resources||before transfers||(126,162)|11,188|(114,974)|
|Net expenditure
for the|||year/|||||
|Net movement|in|funds|||(126,162)|11,188|(114,974)|
|Fund balances|at 1April 2021||||903,938|25,042|928,980|
|Fund balances|at|31March 2022|||777,776|36,230|814,006|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||11||551,192||574,158|
|Investments||||12||120,098||227,760|
|||||||671,290||801,918|
|Current assets|||||||||
|Stocks||||13|2,547||4,246||
|Debtors||||14|19,062||97,133||
|Cash at bank and|in|hand|||6,626||23,789||
||||||28,235||125,168||
|Creditors: amounts||falling due within|||||||
|one year||||15|(19,118)||(113,080)||
|Net current assets||||||9,117||12,088|
|Total assets less current|||liabilities|||680,407||814,006|
|Income funds|||||||||
|Restricted
funds||||||12,829||36,230|
|Unrestricted
funds||||||667,578||777,776|
|||||||680,407||814,006|
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|||||Unrestricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds||funds|funds||
|||||2023|2023|2022|2022|2022|
||||||f|f|f|f|
|Donations|and gifts|||39,044|39,044|34,102||34,102|
|Legacies|receivable|||||10,000||10,000|
|Grants||||||13,581|56,544|70,125|
|||||39,044|39,044|57,683|56,544|114,227|
|Grants receivable,||included||in the above, are as|follows:||||
|National|Lottery Heritage||Fund||||41,084|41,084|
|1851Commission|||||||15,460|15,460|
|Westminster
Council||||||13,581||13,581|
|||||||13,581|56,544|70,125|
##
|||Maintenance|Total|Maintenance|Education|Total|
|---|---|---|---|---|---|---|
|||ofthe|2023|ofthe||2022|
|||Wellington||Wellington|||
|||2023||2022|2022||
|||E|||f||
|Ship tours||2,538|2,538|125||125|
|Costs reimbursed||23,946|23,946|20,795||20,795|
|Heritage|Evenings||||336|336|
|||26,484|26,484|20,920|336|21,256|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
|||||||f|f|
||Investment|Income||||||
||Deposit account interest|||||9|12|
||Dividends|||||3,243|4,127|
||Other Trading||Activities|||||
||Merchandise||||||242|
|||||||3,252|4,381|
|5|Raising funds|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||2023|2022|
||Fundraiser|||||1,563|3,607|
||Friends' expenses|||||1,628|639|
||Promotional|design,||printing|and postage||4,173|
||Fundraising|and publicity||||3,191|8,419|
||Other trading||activities|||||
||Merchandise|||||2,009|1,049|
|||||||158|164|
|||||||5,358|9,632|
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||||Maintenance|Education|Total|Maintenance|Education|Total|
|---|---|---|---|---|---|---|---|---|
||||ofthe||2023|ofthe||2022|
||||Wellington|||Wellington|||
||||2023|2023||2022|2022||
|||||f|||E||
|Depreciation|||22,966||22,966|23,923||23,923|
|Repairs and
maintenance|||(2,201)||(2,201)|35,359||35,359|
|Rates|||9,682||9,682|9,682||9,682|
|Insurance|||20,254||20,254|14,991||14,991|
|Website|||5,011||5,011|7,511||7,511|
|Utilities|||1,881||1,881|1,542||1,542|
|Exhibitions||||(1,647)|(1,647)||14,144|14,144|
|Augmented
reality
project||||9,169|9,169||28,037|28,037|
|Education|expense|||7,026|7,026||16,827|16,827|
|Heritage|Evenings|||1,412|1,412||2,750|2,750|
|Admissions|||3,218||3,218|134||134|
|Bad debt|provision||13,786||13,786||||
||||74,597|15,960|90,557|93142|61758|154900|
|Grant funding||of|||||||
|activities|(see note )||9,241||9,241|301||301|
|Share of support
costs (see note 7)|||81,087||81,087|85,476||85,476|
|Share of|||||||||
|governance
costs|||||||||
|(see note|7)||3,500||3,500|6,000||6,000|
||||168,425|15,960|184,385|184,919|61,758|246,677|
|Analysis|by||||||||
|fund|||||||||
|Unrestricted||funds|138,820|11,984|150,804|148,630|52,691|201,321|
|Restricted|funds||29,605|3,976|33,581|36,289|9,067|45,356|
||||168,425|15,960|184,385|184,919|61,758|246,677|
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|7|Support costs|Support costs|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Support|Governance||2023|Support|Governance|2022|
|||||||costs|costs|||costs|costs||
|||||||||f.|||f||
||Wages|||||36,750|||36,750|35,000||35,000|
||Pensions|||||1,220|||1,220|940||940|
||Consultant|manager||||||||500||500|
||Accounting|||||4,288|||4,288|5,431||5,431|
||Database|||||3,885|||3,885|7,901||7,901|
||Marketing|||||14,194|||14,194|23,640||23,640|
||Bank and payment||||||||||||
||charges|||||324|||324|605||605|
||Sundry expense|||||11,092|||11,092|7,498||7,498|
||ITand software||costs|||3,905|||3,905|2,971||2,971|
||Legal fees|||||5,429|||5,429|990||990|
||Audit fees||||||||||6,000|6,000|
||Independent|Examiners'|||||||||||
||Fee||||||3,500||3,500||||
|||||||81,087|3,500||84,587|85,476|6,000|91,476|
||Analysed
between||||||||||||
||Charitable
activities|||||81,087|3,500||84,587|85,476|6,000|91,476|
||Governance|costs includes|||payments
to||the auditors|of Enil|(2022-f6,000)for audit||fees.||
|8|Net movement||in funds||||||||2023|2022|
||||||||||||f||
||Net movement||in funds|is|stated after charging/(crediting)||||||||
||Fees payable to||the company's|||auditor for the audit ofthe|||company's|financial|||
||statements|||||||||||6,000|
||Depreciation|of|owned tangible|||fixed assets|||||22,966|23,923|
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|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Administration||||
|Employment|costs|2023
f|2022|
|Wages and salaries||36,750|35,000|
|Other pension|costs|1,220|940|
|||37,970|35,940|
##
|Tangible fix|ed assets|||||
|---|---|---|---|---|---|
||||Improvements|HQS|Total|
||||to HQS|Wellington||
||||Wellington|||
||||f|||
|Cost||||||
|At 1April 2022|||267,158|604,694|871,852|
|At 31 March|2023||267,158|604,694|871,852|
|Depreciation|and impairment|||||
|At 1April 2022|||62,908|234,786|297,694|
|Depreciation|charged|in the year|8,147|14,819|22,966|
|At 31March|2023||71,055|249,605|320,660|
|Carrying
amount||||||
|At 31 March|2023||196,103|355,089|551,192|
|At 31March|2022||204,250|369,908|574,158|
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||||||Listed|
|---|---|---|---|---|---|
||||||investments|
||||||f|
||Cost or valuation|||||
||At 1April 2022||||227,760|
||Additions||||45,006|
||Unrealised
gains/(losses)||||(12,636)|
||Movement
in cash||||(433)|
||Disposals||||(139,599)|
||At 31 March 2023||||120,098|
||Carrying
amount|||||
||At 31 March 2023||||120,098|
||At 31 March 2023||||227,760|
|13|Stocks|||||
|||||2023|2022|
|||||f.||
||Finished goods|||2,547|4,246|
|14|Debtors|||||
|||||2023|2022|
||Amounts
falling due within one year:||||f.|
||Trade debtors||||66,262|
||Other debtors|||8,394|16,213|
||Prepayments
and accrued income|||10,668|14,658|
|||||19,062|97,133|
|15|Creditors: amounts|falling due within one year||||
|||||2023|2022|
||||Notes|||
||Other taxation
and|social security||645|628|
||Deferred
income|||1,158|3,858|
||Trade creditors|||13,469|99,154|
||Other creditors|||346|346|
||Accrued expenses|||3,500|9,094|
|||||19,118|113,080|
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||||||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|---|---|---|
||||1|Balance at
April 2021|Incoming
resources|Resources
expended|Balance at
1April 2022|Resources
expended|Transfers|Balance at
31March 2023|
|||||f|f|f|f|f|||
|National|||||||||||
|Lottery|||||||||||
|Heritage||Fund||5,569|41,084|(26,289)|20,364|(20,364)|||
|Portal|T|rust||9,473||(8,776)|697|(877)|180||
|Portal|Trust||||||||||
|2020/21||||||(10,000)|(10,000)||10,000||
|1851|||||||||||
|Commission||||10,000|15,460|(291)|25,169|(12,340)||12,829|
|||||25,042|56,544|(45,356)|36,230|(33,581)|10,180|12,829|
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|18|Analysis of|net assets|between|funds||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funcls||funds|funds||
|||||2023|2023|2023|2022|2022|2022|
|||||f|f|f|f|f|f|
||Fund balances at 31|||||||||
||March 2023|are||||||||
||represented|by:||||||||
||Tangible assets|||551,192||551,192|574,158||574,158|
||Investments|||120,098||120,098|227,760||227,760|
||Current
assets/(liabilities)|||(23,137)|32,254|9,117|(24,142)|36,230|12,088|
|||||648,153|32,254|680,407|777,776|36,230|814,006|
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