# ## ## ## ## ## ## ## ## |||Page| |---|---|---| |Trustees report||1-18| |Independent
auditor's|report|20-22| |Statement offinancial|activities|23-24| |Balance sheet||25| |Statement ofcash flows||26| |Notes to the financial|statements|27- 51| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year||||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|1otal| ||||funds|funds||| ||||2023|2023|2023|2022| |||Notes|8000|8000|8000|8000| |Inngmafmm;||||||| |Donations
and legacies|||480|235|715|3,930| |Charitable
activities|||7,331||7,331|5,073| |Other trading
activities|||5,433||5,433|3,061| |Total income|||13,244|235|13,479|12,064| |Raising funds||6|1,694||1,694|895| |Charitable
activities||7|12,402||12,402|9,448| |Total resources expended|||14,096||14,096|10,343| |Net (outgoing)/incoming|resources before|||||| |transfers|||(852)|235|(617)|1,721| |Gross transfers
between|funds||3,535|(3,535)||| |Net income/(expenditure)|forthe year/|||||| |Net incoming/(outgoing)|resources||2,683|(3,300)|(617)|1,721| |Other recognised gains|and losses|||||| |Actuarial
gain on defined|benefit pension schemes||11,656||11,656|712| |Restriction ofactuarial gain|||(2,761)||(2,761)|| |Net movement
in funds|||11,578|(3,300)|8,278|2,433| |Fund balances
at 1 February 2022|||15,739|16,340|32,079|29,646| |Fund balances at 31January 2023|||27,317|13,040|40,357|32,079| ## ## |Prior financial year||||||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||funds|funds|| |~f|||Notes|2022
8000|2022
8000|2022
8000| |Donations
and legacies||||16|3,914|3,930| |Charitable
activities||||5,073||5,073| |Other trading
activities||||3,061||3,061| |Total income||||8,150|3,914|12,064| |E~di||||||| |Raising funds||||895||895| |Charitable
activities||||6,760|2,688|9,448| |Total resources expended||||7,655|2,688|10,343| |Net (outgoing)/incoming|resources before transfers|||495|1,226|1,721| |Gross transfers
between funds||||(780)|780|| |Net income/(expenditure)|for|the year/||||| |Net incoming/(outgoing)|resources|||(285)|2,006|1,721| |Other recognised
gains and losses||||||| |Actuarial
gain on defined benefit pension schemes||||712||712| |Net movement
in funds||||427|2,006|2,433| |Fund balances at 1 February 2021||||15,312|14,334|29,646| |Fund balances at 31January||2022||15,739|16,340|32,079| ## ## ## |||||2023|2022|2023|2022| |---|---|---|---|---|---|---|---| |||||Group|Group|Charity|Charity| ||||Notes|8000|8000|6000|6000| |Fixed assets|||||||| |Intangible|assets||12||6||6| |Tangible assets|||13|18,582|18,015|16,582|18,015| |Heritage assets|||14|15,484|12,428|15,484|12,426| |||||32,066|30,447|32,068|30,447| |Current assets|||||||| |Stocks|||15|366|221|26|26| |Debtors|||16|6,019|7,629|6,294|7,753| |Cash at bank and|||||||| |in hand||||4,316|3,707|4,312|3,698| |||||10,701|11,557|10,632|11,477| |Creditors:|amounts|falling|||||| |due within|one year||17|(1,889)|(1,072)|(1,820)|(992)| |Net current|assets|||8,812|10,485|8,812|10,485| |Total assets less current liabilities||||40,878|40,932|40,878|40,932| |Creditors:|amounts|falling|||||| |due after more than||one|||||| |year|||18|(521)|(714)|(521)|(714)| |Provisions|for liabilities||20||(8,139)||(8,139)| |Net assets||||40,357|32,079|40,357|32,079| |Income funds|||||||| |Restricted|funds||21|13,040|16,340|13,040|16,340| |Unrestricted|funds||21|27,317|15,739|27,317|15,739| |||||40,357|32,079|40,357|32,079| ## ## ||||2023||2022|| |---|---|---|---|---|---|---| |||Notes|OOOO|6000|6000|OOOO| |Cash flows from operating|activities|||||| |Cash generated
from operations||27||3,154||4,616| |Income taxes (paid)/refunded||||||15| |Net cash inflow from operating
activities||||3,154||4,631| |Investing
activities||||||| |Purchase oftangible fixed assets|||(2,352)||(1,728)|| |Purchase ofheritage assets|||||(8)|| |Net cash used in investing|activities|||(2,352)||(1,736)| |Financing
activities||||||| |Repayment
of borrowings|||(193)||(81)|| |Net cash used in financing|activities|||(193)||(81)| |Net increase
in cash and cash equivalents||||609||2,814| |Cash and cash equivalents|at beginning|ofyear||3,707||893| |Cash and cash equivalents|at end of|year||4,316||3,707| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| ||||f000|f000|f000|f000|f000|f000| |Government||agencies|443||443||946|946| |Individual|donors/trusts||12||12|16|60|76| |Local Authorities|||25||25||55|55| |CJRSfunding|||||||1,627|1,627| |Remaking|Beamish|||||||| |(Other Funding)||||235|235||1,226|1,226| ||||480|235|715|16|3,914|3,930| ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2023|2022| |||f000|f000| |Admissions|income|7,137|4,974| |Sale of guide books||41|42| |Other income||153|57| |||7,331|5,073| |Unrestricted|Unrestricted| |---|---| |funds|funds| |2023|2022| |f000|f000| |5,433|3,061| |Unrestncted|Unrestncted| |funds|funds| |2023|2022| |f000|f000| |1,694|895| ## ## ## |||Staffcosts|Other|costs|Support|Total|Total| |---|---|---|---|---|---|---|---| ||||||Costs|2023|2022| |||2023||2023|2023||| |||8000||8000|8000|8000|8000| |Trading||1,651||140|254|2,045|2,572| |Fundraising||65||||65|93| |Operation|ofMuseum|6,187||3,088|1,017|10,292|6,783| |||7,903||3,228|1,271|12,402|9,448| |||7,903||3,228|1,271|12,402|9,448| |Analysis of|Support Costs|| |---|---|---| |Staff Costs||342| |Finance & HR||205| |Computer Costs||204| |Governance||32| |Irrecoverable|VAT|488| |||1,271| ## ## ## ## ||||Staff Costs Other Costa|Staff Costs Other Costa|Support|Total| |---|---|---|---|---|---|---| ||||||Costs|2022| ||||8000|6000|8000|5000| |Trading|||1,184|1,221|167|2,572| |Fundraising|||81||12|93| |Operation|of|Museum|4,148|1,998|637|6,783| ||||5,413|3,219|816|9,448| ||||5,413|3,219|816|9,448| |Analysis of||Support Costs||||| |Staff Costs|||375|||| |Finance &|HR||131|||| |Computer|Costs||82|||| |Governance|||26|||| |Irrecoverable||VAT|202|||| ||||816|||| |Net movement
in funds|Net movement
in funds|2023|2022| |---|---|---|---| |||8000|8000| |Net movement
in funds is stated after charging/(crediting)|||| |Fees payable|to the group's
auditor for the audit ofthe group's financial||| |statements||20|14| |Fees payable|to the group's
auditor for non audit services|5|4| |Depreciation|of owned tangible fixed assets|728|739| |Amortisation|ofintangible
assets|6|7| ## ## ## ## ## ## ## |'IO|Employees|||||(Continued)| |---|---|---|---|---|---|---| ||The number ofemployees|whose annual|remuneration|was 660,000 or more||| ||were:|||||| ||||||2023|2022| ||||||Number|Number| ||670,001 - 580,000|||||1| ||690,001 - 6100,000|||||| ## ## |intangible
fi|xed assets|| |---|---|---| |||Sofiwam| |||6000| |Cost||| |At 1 February|2022 and 31 January 2023|20| |Amortisation|and impairment|| |At 1 February|2022|14| |Amortisation|charged for the year|6| |At 31January|2023|20| |Carrying
amount||| |At 31January|2023|| |At 31January|2022|| ||||Cl||O
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«C| ## ## ## |15|Stocks||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||2023|2022|2023|2022| |||||||fOOD|8000|6000|8000| |||||||Group|Group|Charity|Charity| ||Raw materials||and consumables|||366|221|26|26| |16|Debtors||||||||| |||||||2023|2022|2023|2022| ||Amounts
falling due|||within|one year:|6000|6000|6000|8000| |||||||Group|Group|Charity|Charity| ||Trade debtors|||||131|95|131|92| ||Amounts
owed||by subsidiary||undertakings|||276|126| ||HLF grant debtor|||||5,294|6,605|5,294|6,605| ||Other debtors|||||493|626|492|626| ||Prepayments|and accrued income||||101|303|101|303| |||||||6,019|7,629|6,294|7,752| |17|Creditors: amounts|||falling due within one year|||||| |||||||2023|2022|2023|2022| |||||||6000|6000|5000|8000| |||||||Group|Group|Charity|Charity| ||Borrowings|||||193|193|193|193| ||Other taxation||and social||||||| ||security|||||688|90|688|90| ||Trade creditors|||||518|310|475|272| ||Other creditors|||||107|145|83|120| ||Accruals and deferred|||income||383|334|381|317| |||||||1,889|1,072|1,820|992| |Creditors:
than one|amounts
falling due a
year|fter more|||| |---|---|---|---|---|---| |||2023|2022|2023|2022| |||6000|8000|6000|6000| |||Group|Group|Charity|Charity| |Borrowing|s|521|714|521|714| ## ## |19|Loans|and overdrafts||||| |---|---|---|---|---|---|---| ||||2023|2022|2023|2022| ||||9000|f000|9000|9000| ||||G map|Group|Charity|Charity| ||Otherloans||714|907|714|907| ||Payable|within one year|193|193|193|193| ||Payable|aRer one year|521|714|521|714| ## ## ## |Ksy assu|mptio|ns|||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| ||||||||'/| |Discount|rate|||||4.45|2.25| |Expected rate||ofincrease ofpensions||in payment||3.05|3.1| |Expected rate||ofsalary increases||||4.05|4.1| |Revaluation
ofpension accounts||||||not provided|3.1| |Rate of|inflation (CPI)|||||3.05|3.1| |Mortality|assumptions||||||| |The assumed||life expectations|on retirement||at age 65are:||| |||||||2023|2022| |||||||Years|Years| |Retiring|today||||||| |- Males||||||21.7|21.9| |- Females||||||23.5|23.6| |Retiring|in 20|years|||||| |-Males||||||22.9|23.3| |-Females||||||25.3|25.4| ## ## |20|Retirement
benefit schemes||||||||||(Continued)| |---|---|---|---|---|---|---|---|---|---|---|---| ||Amounts
recognised
in the profit|and loss account:|||||||||| |||||||||||2023|2022| |||||||||||9000|2000| ||Current service cost|||||||||1,144|927| ||Net interest on defined benefit liability/(asset)|||||||||189|135| ||Other costs and income|||||||||1|| ||Total costs|||||||||1,334|1,062| ||Amounts
taken to other comprehensive|||income:|||||||| |||||||||||2023|2022| |||||||||||6000|8000| ||Actual return
on scheme assets|||||||||(1,141)|(2,485)| ||Less: calculated
interest element|||||||||447|276| ||Return on scheme assets excluding||interest||income|||||(694)|(2,209)| ||Actuarial changes related to obligations|||||||||(10,962)|1,497| ||Effects ofchanges
in the amount|of surplus|||that is|not recoverable||||2,761|| ||Total costs/(income)|||||||||(8,895)|(712)| ||The
amounts
included
in
the|balance|||sheet|arising|from|the|charity's||| ||obligations
in respect ofdefined|benefit||plans are as follows:|||||||| |||||||||||2023|2022| |||||||||||9000|f000| ||Present value ofdefined benefit|obligations||||||||18,286|27,846| ||Fair value of plan assets|||||||||(21,117)|(19,795)| ||(Surplus)/deficit
in scheme|||||||||(2,831)|8,051| ||Restriction on scheme assets|||||||||2,761|| ||Present value of unfunded
obligations|||||||||70|88| ||Total liability recognised||||||||||8,139| ## ## ## |Movements|in the present value ofdefined|in the present value ofdefined|in the present value ofdefined|benefit|obligations:||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||6000|6000| |Liabilities at|1 February 2022|||||27,934|25,525| |Current service cost||||||1,144|927| |Past service|cost|||||1|| |Benefits paid||||||(529)|(549)| |Contributions|from scheme members|||||139|123| |Actuarial
gains and losses||||||(10,962)|1,497| |Interest cost||||||636|411| |Other||||||(7)|| |At 31 January 2023||||||18,356|27,934| |The defined|benefit obligations|arise from||plans funded as follows:|||| |||||||2023|2022| |||||||5000|5000| |Wholly unfunded
obligations||||||70|88| |Wholly or partly funded
obligations||||||18,286|27,846| |||||||18,356|27,934| |Movements
in the fair value of||plan assets:|||||| |||||||2023|2022| |||||||5000|6000| |Fair value of|assets at 1 February||2022|||19,795|17,219| |Interest income||||||447|276| |Return on plan assets (excluding|||amounts|included|in net interest)|694|2,209| |Benefits paid||||||(529)|(549)| |Contributions|by the employer|||||571|517| |Contributions|by scheme members|||||139|123| |At 31 January|2023|||||21,117|19,795| ## ## ## ## ## ## ## |Group||||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Movement|in funds||| ||||||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance at| ||||||1 February
2022|resources|expended||gains and31
losses|January 2023| ||||||8000|8000|8000|8000|8000|8000| |Restricted|||funds|||||||| |Remaking||Beamish|||16,332|235||(3,535)||13,032| |Karl Doran|||Memorial|||||||| |Fund||||||||||| |Sundry|restricted|||funds||||||| ||||||16,340|235||(3,535)||13,040| |Unrestricted|||funds|||||||| |General|reserve||||23,878|13,244|(13,340)|3,535||27,317| |Pension|Reserve||||(8,139)||(756)|-|8,895|| ||||||15,739|13,244|(14,096)|3,535|8,895|27,317| ||||||32,079|13,479|(14,096)||8,895|40,357| ## ## ## ## ## ## ## ## ## ## ## |Comparative|information|information|in respect of|the preceding|period is as follows:|period is as follows:||| |---|---|---|---|---|---|---|---|---| |Group||||||||| ||||||Movement|in funds||| ||||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance at 31| |||1|February 2021|resources|expended||gains and|January 2022| ||||||||losses|| |||||2000||2000|2000|| |Restricted funds||||||||| |Remaking
Bsamish|||14,326|1,226||780||16,332| |Karl Doran Memorial||||||||| |Fund||||||||| |Educational|funding|||60|(60)|||| |Local authority||||||||| |contributions||||55|(55)|||| |Sundry restricted||funds||||||| |Job retention|scheme|||1,627|(1,627)|||| |CRF Funding||||362|(362)|||| |ACE (Covid|Funding)|||584|(584)|||| ||||14,334|3,914|(2,688)|780||16,340| |Unrestricted|funds|||||||| |General reserve|||23,618|8,150|(7,110)|(780)||23,878| |Pension Reserve|||(8,306)||(545)||712|(8,139)| ||||15,312|8,150|(7,655)|(780)|712|15,739| ||||29,646|12,064|(10,343)||712|32,079| ## ## ## ## |Charity||||||||| |---|---|---|---|---|---|---|---|---| |||||Movement|in funds|||| |||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance|st $1| |||1 February 2021|resources|expended||gains and|January|2022| |||||||losses||| ||||2000|||2000||2000| |Restricted funds||||||||| |Remaking
Beamish||14,326|1,226||780||16,332|| |Karl Doran Memorial||||||||| |Fund||||||||| |Educational|funding||60|(60)||||| |Local authority||||||||| |contributions|||55|(55)||||| |Sundry restricted funds||||||||| |Job retention|scheme||1,346|(1,346)||||| |CRF Funding|||362|(362)||||| |ACE (Covid|Funding)||584|(584)||||| |||14,334|3,633|(2,407)|780||16,340|| |Unrestricted|funds|||||||| |General reserve||23,618|7,255|(6,215)|(780)||23,878|| |Pension Reserve||(8,306)||(545)||712|(8,139)|| |||15,312|7,255|(6,760)|(780)|712|15,739|| |||29,646|10,888|(9,167)||712|32,079|| ||||9
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L!z a|||| ## ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||||6000|5000| ||trrfthin one year||||||27|29| ||Between two and five years||||||21|15| ||||||||48|44| |24|Capital commitments||||||2023|2022| ||||||||8000|6000| ||At 31 January 2023 the|charity|had capital commitments|||as follows:||| ||Contracted
for but not provided||in the|financial statements:||||| ||Acquisition
ofproperty,|plant and equipment|||||153|499| |25|Related party transactions|||||||| ||Remuneration
ofkey management|||personnel||||| ||The remuneration
of key management|||personnel|is as|follows.||| ||||||||2023|2022| ||||||||8000|8000| ||Aggregate
compensation||||||397|169| ## ## ## |Name of|undertaking|undertaking|Registered|Nature ofbusiness|Class of|% Held|| |---|---|---|---|---|---|---|---| ||||office||shares|Direct|Indirect| ||||||held||| |Beamish|Museum|Trading|United|Trading company|Ordinary|100.00|| |Limited|||Kingdom||shares||| ||||2023|2022| |---|---|---|---|---| ||||f000|f000| |Turnover|||5,433|3,342| |Cost ofsales|||(1,694)|(895)| |Gross profit|||3,739|2,447| |Administrative|expenses||(3,739)|(2,447)| |The aggregate|ofthe|assets, liabilities and funds was:||| |||||f| |Assets|||100|100| |Liabilities|||(100)|(100)| |Funds (representing||100ordinary shares off1 each)||| ## ## |27|Cash generated
from|operations|operations||2023|2022| |---|---|---|---|---|---|---| ||||||8000|6000| ||Surplus for the year||||(617)|1,721| ||Adjustments
for:|||||| ||Depreciation
and impairment||oftangible fixed assets||734|746| ||Difference between
pension||charge and cash contributions||756|545| ||Movements
in working|capital:||||| ||(Increase)
in stocks||||(145)|(3)| ||Decrease
in debtors||||1,609|1,237| ||Increase
in creditors||||817|370| ||Cash generated
from|operations|||3,154|4,616| |28|Analysis ofchanges|in net|funds|||| |||||At 1 February|Cash flows|At $1January| |||||2022||2023| |||||8000|5000|8000| ||Cash at bank and
in hand|||3,707|609|4,316| ||Loans falling due within|one|year|(193)||(193)| ||Loans falling due after|more|than one year|(714)|193|(521)| |||||2,800|802|3,602|