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|||||Page|
|---|---|---|---|---|
|Members ofthe Board|and Professional|Advisers|||
|Trustees'<br>Annual Report||||2 —9|
|Independent<br>Auditor's|Report to the Members|||10-13|
|Statement ofFinancial|Activities (incorporating||the||
|Income and Expenditure<br>Account)||||14|
|Consolidated<br>Balance|Sheet|||15|
|Balance Sheet||||16|
|Notes to the Financial|Statements|||17—26|





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|Registered|charity name:|charity name:|Morecambe|Winter|Gardens Preservation|Gardens Preservation|Gardens Preservation|Trust Limited|
|---|---|---|---|---|---|---|---|---|
|Charity number:|||1113010||||||
|Company|registration|number:|5556536||||||
|Registered|office:||209 Marine|Road West|||||
||||Morecambe||||||
||||Lancashire||||||
||||LA4 4BU||||||
|Trustees:|||Mr Paul Anderton||||||
||||Mr Richard|Ryan|||||
||||Mr Steve Matthews||||||
||||Mr MJShenton||||||
||||Professor V|Toulmin|||||
||||Mr C. SOktem (appointed 31May 2022)||||||
|Auditor:|||John Potter|&Harrison|||||
||||Chartered<br>Accountants|||and Statutory|Auditor||
||||112/114Whitegate||Drive||||
||||Blackpool||||||
||||Lancashire||||||
||||FY3 9XH||||||
|Bankers:|||Santander||||||
||||28 Penny Street||||||
||||Lancaster||||||
||||Lancashire||||||
||||LA1 1UA||||||





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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Funds|Funds|
||||fund|fund|2022|2021|
|||Note|||||
|Income:|||||||
|Donations<br>and legacies|||7,005|20|7,025|65,512|
|Income from charitable|activities:||||||
|Operation ofatheatre|||63,095|323,559|386,654|495,843|
|Income from other trading||activities:|||||
|Commercial<br>trading operation|||35,753||35,753|217|
|Total incoming resources|||105,853|323,579|429,432|561,572|
|Expenditure:|||||||
|Costs ofraising funds:|||||||
|Commercial<br>trading operation|||(3,151)||(3,151)|(876)|
|Expenditure<br>on charitable||activities:|||||
|Operation ofatheatre|||(59,445)|(12,200)|(71,645)|(57,258)|
|Total resources expended|||(62,596)|(12,200)|(74,796)|(58,134)|
|Net ingoing/(outgoing)|resources before transfers||43,257|311,379|354,636|503,438|
|Transfer between funds|||||||
|Net income/(expended)|resources for the period||43,257|311,379|354,636|503,438|
|Total funds brought forward|||344,759|447,976|792,735|289,297|
|Total funds carried forward|||388,016|759,355|1,147,371|792,735|





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|||||2022|2021|
|---|---|---|---|---|---|
|||Note||||
|Fixed assets||||||
|Heritage asset||10||1,126,126|653,366|
|Tangible assets||11||7,959|2,641|
|||||1,134,085|656,007|
|Current assets||||||
|Debtors||13|51,534||48,147|
|Cash at bank|||91,765||214,973|
||||143,299||263,120|
|Creditors: Amounts|falling due within one year|14|(19,846)||11,085|
|Net current assets||||123,453|252,035|
|Total assets less current liabilities||||1,257,538|908,042|
|Creditors: Amounts|falling due after one year|15||(110,167)|(115,307)|
|Net assets||||1,147,371|792,735|
|Funds||||||
|Morecambe<br>Winter|Gardens Limited|||1|(1,324)|
|Restricted income funds||16||759,355|447,976|
|Unrestricted<br>income|funds|17||388,015|346,083|
|Total funds||18||1,147,371|792,735|





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|||||2022|2021|
|---|---|---|---|---|---|
|||Note||||
|Fixed assets||||||
|Heritage asset||10||1,126,126|653,366|
|Tangible assets||11||7,959|2,641|
|Investments||12||100|100|
|||||1,134,185|656,107|
|Current assets||||||
|Debtors|||55,454||50,241|
|Cash at bank|||87,744||214,103|
||||143,198||264,344|
|Creditors: Amounts||falling due within one year|(19,846)||(11,085)|
|Net current|assets|||123,352|253,259|
|Total assets|less current liabilities|||1,257,537|909,366|
|Creditors: Amounts||falling due aAer one year||(110,167)|(115,307)|
|Net assets||||1,147,370|794,059|
|Funds||||||
|Restricted income funds||||759,355|447,976|
|Unrestricted|income|funds||388,015|346,083|
|Total funds||||1,147,370|794,059|





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|Donations<br>and legacies|||||
|---|---|---|---|---|
||||Total|Total|
||Unrestricted|Restricted|Funds|Funds|
||Funds|Funds|2022|2021|
|Donations:|||||
|Friends ofthe Winter Gardens||||35,429|
|Crowd funding||20|20|27,019|
|Other donations|7,005||7,005|3,064|
||7,005|20|7,025|65,512|





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|||||2022|2021|
|---|---|---|---|---|---|
|Fund raising||||35,753|217|
|Retained|by subsidiary|||(1)||
|||||35,752|217|
|Cost of|sales|||(2,834)|(559)|
|Bank charges||||(317)|(317)|
|||||(3,151)|(876)|
|||||32,601|(659)|
|Amount|gifted to company|||(31,277)||
|||||1,324|(659)|
|The assets and liabilities ofthe subsidiary|||company were:-|||
|Current|assets|||4,021|870|
|Creditors: amounts||falling due within one|year|(3,920)|(2,094)|
|||||101|1,224|
|Aggregate<br>share capital and reserves||||101|(1,224)|





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|6.|Operation ofa theatre||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||Unrestricted|Restricted|Funds|Funds|
||||||Funds|Funds|2022|2021|
||Grants:||||||||
||Theatres Trust|||||||17,600|
||National<br>Heritage||||18,380||18,380|18,720|
||Historic England|||||205,295|205,295|380,604|
||Architectural<br>Heritage|||||37,200|37,200||
||Lancashire<br>County Council|||||10,000|10,000||
||University ofSheAield|||||10,000|10,000||
||Business Interruption|grant|||10,667||10,667|21,003|
||Coastal Communities||Fund|||56,067|56,067|40,153|
||Kick Start Tourism grant|||||||4,936|
||Morecambe<br>Town Council||||5,000|4,997|9,997||
||Morecambe EBids||||1,900||1,900||
||Rents receivable||||11,200||11,200|12,827|
||Hire oftheatre||||15,948||15,948||
||||||63,095|323,559|386,654|495,843|
|7.|Analysis ofexpenditure||on charitable|activities|||||
||||||||Total|Total|
||||||Unrestricted|Restricted|Funds|Funds|
||||||Funds|Funds|2022|2021|
||Repairs and maintenance||||10,478||10,478|2,846|
||Premises costs||||30,960||30,960|22,159|
||Office costs||||2,617||2,617|7,300|
||Accountancy<br>fees||||1,400||1,400|1,400|
||Audit fees||||600||600|600|
||Governance<br>review|||||||8,050|
||Sundry expenses||||2,749||2,749|974|
||Bank charges||||2,159||2,159||
||Loan interest||||3,800||3,800|2,868|
||Depreciation||||2,652||2,652|880|
||Professional<br>fees||||2,030|12,200|14,230||
||Legal fees|||||||831|
||Business plan|||||||9,350|
||||||59,445|12,200|71,645|57,258|





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|This is stated after charging:|This is stated after charging:|2022|2021|
|---|---|---|---|
|Depreciation||2,652|880|
|Bank loan interest||3,800|2,868|
|Auditors'<br>remuneration:||||
|-accountancy||1,400|1,400|
|-audit ofthe financial|statements|600|600|



## 

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|Heritage asset||||||
|---|---|---|---|---|---|
||||Freehold|Acquisition||
||||Property|Costs|Total|
|Cost||||||
|At 31March 2021|||650,188|3,178|653,366|
|Additions|||472,760||472,760|
|Disposals||||||
|At30March 2022|||1,122,948|3,178|1,126,126|
|Depreciation||||||
|At 31March 2021||||||
|Charge for the period||||||
|At 30March 2022||||||
|Net book value||||||
|At 30March 2022|||1,122,948|3,178|1,126,126|
|Net book value ofrestricted assets|||731,169||731,169|
|At 30March 2021|||650,188|3,178|653,366|
|Summary<br>analysis ofHeritage asset|transaction|||||
||2022|2021|2020|2019|2018|
|Purchases|472,760|301,499|||1,834|





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|11.|Tangible fixed assets||||
|---|---|---|---|---|
||||Fixtures||
||||Fittings &||
||||Equipment|Total|
||Cost||||
||At 31March 2021||12,906|12,906|
||Additions||7,970|7,970|
||Disposals||||
||At 30March 2022||20,876|20,876|
||Depreciation||||
||At 31 March 2021||10,265|10,265|
||Charge for the period||2,652|2,652|
||At 30March 2022||12,917|12,917|
||Net book value||||
||At 30March 2022||7,959|7,959|
||At 30March 2021||2,641|2,641|
|12.|Investments||||
||||2022|2021|
||Shares held in Morecambe|Winter Gardens Limited|100|100|



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|||2022|2021|
|---|---|---|---|
|Other|debtors|51,534|48,147|
|||51,534|48,147|





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|Creditors: Amounts<br>falling due within one year|||
|---|---|---|
||2022|2021|
|Loan: Lancaster City Council|2,940|4,152|
|Santander|4,600|4,600|
|Accruals|12,306|2,333|
||19,846|11,085|



## 

|||||2022|2021|
|---|---|---|---|---|---|
|Unsecured<br>bank loan (falling due in less than 5 years)||||14,567|18,400|
|Secured bank loan (falling due in less than 5 years)||||11,760|16,608|
|Secured bank loan (falling due after 5 years)||||83,840|80,299|
|||||110,167|115,307|
|Restricted income funds||||||
|||Balance at|Incoming|Outgoing|Balance at|
|||31.03.21|resources|expended|30.03.22|
|Theatres Trust||200|||200|
|Historic England||380,604|205,295||585,899|
|Architectural<br>Heritage|||37,200|(12,200)|25,000|
|Lancashire<br>County Council|||10,000||10,000|
|University ofSheffield|||10,000||10,000|
|Coastal Communities|Fund|40,153|56,067||96,220|
|Morecambe<br>Town Council|||4,997||4,997|
|Crowd Funding||27,019|20||27,039|
|||447,976|323,579|(12,200)|759,355|



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|Unrestricted<br>income funds||||||
|---|---|---|---|---|---|
||Balance at|Incoming|Outgoing||Balance at|
||31.03.21|resources|expended|Transfers|30.03.22|
|Fixed asset fund|253,449|||50,927|304,376|
|General funds|92,634|70,100|(79,095)|-|83,639|
||346,083|70,100|(79,095)|50,927|388,015|



|The fixed asset fund represents|The fixed asset fund represents|the net book value|oftangible|fixed assets not held in restricted|fixed assets not held in restricted|funds less any|funds less any|
|---|---|---|---|---|---|---|---|
|loans secured on the assets. Each year an amount|||is transferred|to or &om the fund|to reflect the|movements|of|
|the tangible fixed assets not held||in restricted funds|at the year|end.||||
|Analysis ofnet assets|between|funds||||||
||||||Net|||
|||||Tangible|Current|||
|||||fixed|assets/|||
|||||assets|(liabilities)|Total||
|Restricted income funds:||||||||
|Theatres Trust|||||200|200||
|Historic England||||585,899||585,899||
|Lancashire<br>County Council|||||10,000|10,000||
|University ofSheffield|||||10,000|10,000||
|Coastal Communities|fund|||96,220||96,220||
|Morecambe<br>Town Council|||||4,997|4,997||
|Crowd Funding||||24,050|2,989|27,039||
|Architectural<br>Heritage||||25,000||25,000||
|||||731,169|28,186|759,355||
|Unrestricted<br>income funds:||||||||
|Morecambe<br>Winter Gardens Limited||||||1||
|Designated<br>funds||||304,376||304,376||
|General funds|||||83,639|83,639||
|||||304,376|83,640|388,016||
|Total funds||||1,035,546|111,826|1,147,371||



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