2023-02-28-accounts - Axminster Heritage Limited

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		Page
Legal and Administrative	Information
Trustees' Report		2-3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		6-7
Cash Flow
Notes to.the Financial Statements		9-14

						Un-		Total	Total
						restricted	Restricted	funds	funds
						funds	funds	2023	2022
							2	2	9
Income and		endowments		from:
Donations		and legacies			3	2,180		2,180	79,364
Charitable		activities			4	12,884		12,884	12,094
Investments					5	19,329		19,329	15,805
Total						34,393		34,393	'I07,263
Expenditure		on:
Raising funds						7,608		7,608	6,776
Charitable		activities				22,780	81,996	104,776	108,870
Total					6	30,388	81,996	112,384	115,646
Unrealised	gains/(losses)			on investments			(2,154)	(2,154)	(2,648)
Net movement in funds						4,005	(84,150)	(80,145)	(11,031)
Reconciliation offunds
Total funds	brought		forward			107,646	1,558 586	1 166,214	1,177,245
Total funds		carried	forward		7	111,651	974,418	1,086,069	1,166,214

							2023	2022
						Notes	2	2
Fixed Assets
		Freehold	Property			12&13	828,740	863,881
		Fixtures,	Fittings		& Equipment	12	122,883	150,441
		Website				12		252
		Investments				14	115,198	127,352
							1,066,821	1,141,926
Current	Assets
		Stock					1,000	1,000
		Debtors					3,442	1,053
		Bank					14,806	23,175
		Investment	Account
							19,248	25,228
Current	Liabilities
	Less amounts			falling due within one year				940
								940
Net Assets							1,086,069	1,166,214
The Funds		ofthe Charity
	Reserves
		General					111,651	107,646
		Restricted					974,418	1,058,568
Total Charity Funds							1,086,069	1,166,214

			2023	2022
			8	8
Cash flows from operating activities:
Net income/(expenditure) for the reporting		period	(80,145)	(11,031)
Adjustments for:
Loss on investments			2,154	2,648
Depreciation oftangible assets			64,877	65,671
Other interest receivable and similar income Rent received			(2,159) (17,170)	(2,208) (13,597)
Changes in:
(Increase)/decrease in trade and other Increase/(decrease) in trade and other (Increase)/decrease in inventory	debtors creditors		(2,389) (940)	2,004 (1,560)
Cash generated from operations			35,772	41,927
Cash flows from investing activities:
Purchase of tangible assets Transfer into COIF COIF Proceeds			(1,926) 10,000	(4,852) (130,000)
Interest Received Rent received			2,159 17,170	2,208 13537
Net cash used in investing activities			27,403	119,047
Cash flows from financing activities:
Proceeds from borrowings
Net cash (used in)/from financing activities
Net increase/(decrease) in cash and cash equivalents			(8,369)	(77,121)
Cash and cash equivalents at beginning	of	period	23,175	100,295
Cash and cash equivalents at end of period			14566	23,175
The notes on pages 9to 14form part			ofthese accounts

Donations and legacies	Donations and legacies		2023	2023					2022
			Total		Restricted		Unrestricted		Total	Restricted	Unrestricted
			2		2		2		2	2	2
Grants and donations			1,157				1,157		78,144	57,621	20,523
Membership fees			1	023			1	023	1 220		1 220
			2,180				2,180		79,364	57,621	21,743
Income from charitable		activities	2023						2022
			Total		Restricted		Unrestricted		Total	Restricted	Unrestricted
			2		2		2		2	2	2
Events			7,129				7,129		5,347		5,347
Visitor income			3,648				3,648		2,903		2,903
Merchandise			1,987				1,987		1,577		1,577
Tax relief
Other activities				120				120	2 267		2,267
			12.884				12	884	12094		12,094
Investment income					2023
					2
Interest received					2,159				2,208
Rent received					17170				'l3,597
					19,329				15,805
Analysis of chaditable	expenditure
					Raising		Properly		General
Unrestricted charitable		activities			Funds		Costs		Expenses	2023	2022
and raising funds					2		2		2	2	f
Compliance costs									1,472	1,472	1,318
Insurance							4,315		325	4,640	5,547
Printing, postage and stationery						143				143	774
Marketing and promotional		material			2,597					2,597	2,910
Merchandise for resale Event running costs					1,014 3,639					1,014 3,639	1,066 2,710
Training and volunteer	expenses								100	100	98
Museum and collection	costs								909	909	1,167
Property running costs Website Costs							11,968		1,637	11,968 1,637	15,841
Other expenses						215			2 054	2,269	'l,718
					7	608	16,283		6,497	30388	33149
Restricted charitable	activities				Raising		Property		General
and raising funds					Funds		Costs		Expenses	2023	2022
					2		2		2	2	2
Professional fees											275
Staffing									17,119	17,119	16,552
Marketing and promotional		materials
Event Running Costs
Printing, postage and stationery
Other Expenses
Building renovation depreciation							36,536		-	36,536	36,480
Fixtures, fittings depreciation									28,089	28,089	28,039
Website depreciation									252	252	1 152
							36	536	45,460	81 996	82498

			COIF
14	Investments		Investments
			2
	Cost or valuation
	At 1 March 2022		130,000
	Additions Proceeds on sale Vnrealised gains/(losses) At 28 February 2023	on investments	(10,000) ~4,802 115,198
	Carrying amount
	At 28 February 2023		115,198
	At 28 February 2022		127,352

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2	2	2
Tangible	fixed assets		951,623	951,623
Investments		92,403	22,795	115,198
Current	assets	19,248		19,248
Current	liabilities
Net assets at 28 February 2023		111,651	974,418	1.086.066

Prior year statement	Prior year statement	of	financial	analysis
				2022	2022	2022
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				2	2	2
Income and	endowments		from:
Donations	and legacies			21,743	57,621	79,364
Charitable	activities			12,094		12,094
Investments				15,805		15,805
Total				49,642	57,621	107,263
Expenditure	on:
Raising funds				6,776		6,776
Charitable	activities			26,373	82,498	108,870
Total				33,149	82,498	115,646
Unrealised gains/(losses)			on investments		(2,648)	(2,648)
Net movement in funds				16,494	(27,525)	(11,031)
Reconciliation offunds
Transfer of	funds
Total funds	brought	forward		91,152	1,086,093	1,177,245
Total funds	carried	forward		767,646	1,058,568	7,766 274