2022-03-31-accounts - Brading Roman Villa Trust

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

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		671	46,898	114,479	298,274
Charitable activities
Admissions		109461		1099561	26,840
Other trading activities Investment income	4 5	103495 ~29		1039395 2 859	7,049 2,954
Total		~283 96	46898	~330 94	335,117
EXPENDITURE ON
Raising funds		1547838	509353	205,191	160,004
Charitable activities Admissions		69879	~51 74	121 53	117,180
Total		224717	101727	326444	277,184
NET INCOME/(EXPENDITURE)		58,679	(54,829)	39850	57,933
Transfers between funds	22	24 182	~24 182
Net movement in funds		82/61	(79,011)	3,850	57,933
RECONCILIATION OFFUNDS
Total funds brought forward		162/29	1,741,499	1,903,728	1,845,795
TOTAL FUNDS CARRIED FORWARD		245090	~166~2488	~1907 78	1 903,728

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	14	174,942	1,653@54	1,828/96	1,889,131
Heritage assets	15	4,860		49860	4,860
Investments	16	1		1	I
		179,803	1,653/54	1,833,157	1,893,992
CURRENT ASSETS
Stocks	17	8/48		8,548	2,521
Debtors Cash at bank and in hand	18	32,142 ~96 8	9134	32,142 106002	7,851 I I8337
		137/58	9,134	146,692	128,729
CREDITORS
Amounts falling due within one year	19	(329618)		(32,618)	(67,709)
NET CURRENT ASSETS		104940	9134	114074	61,020
TOTAL ASSETSLESSCURRENT
LIABILITIES		284,743	1,662,488	1,947/31	1,955,012
CREDITORS
Amounts falling due after more than one year	20	(39,653)		(39,653)	(51,284)
NET ASSETS		248090	1 662 488	~1907 78	I 903728
FUNDS	22
Unrestricted funds				245,090	162,229
Restricted funds				1 662 488	1.741,499
TOTAL FUNDS				1907878	I 903,728

DONATIONS
	2022	2021
Donations	6,526	13,381
Gift aid	8/95	275
Grants	71,109	265,618
Donated services and facilities	20449	19000
	114429	298374

				2022	2021
South East Museum	Development		-Ready to Open Grant		15
IW Council					300
Vectis Archaeology	Trust				1,500
Coronavirus Job Retention Scheme				7@78	75,179
Historic England					25,000
Arts Council England - Emergency			Relief Fund		35,000
Arts Council England - Culture		Recovery Fund		44,898	86,580
Growing Volunteers	Grant				500
IW Council - Retail,	Hospitality	Ec	Leisure Grant		25,000
IW Council - Local	Restriction	Support Grants		16,000	14,857
UK Government Covid Support		Grants		833	417
Royal Pavilion - Audience Data		Collection Grant		2000
				71,109	265,618

4.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
				2022	2021
	Retail sales			26+18	4,237
	Catering sales			70,482	1,772
	Functions Educational services			1,$$9 ~406	1,040
				103 95	7,049
5.	INVESTMENT	INCOME
				2022	2021
	Income from land			2,826	2,940
	Bank interest			33	14
				2,859	2,954
6.	INCOME FROM		CHARITABLE ACTIVITIES
				2022	2021
			Activity
	Entrance fees		Admissions	109561	26,840
7.	RAISING FUNDS
	Raising donations		and legacies
				2022	2021
	Staffcosts			61@39	41,430
	Museum development				504
	Archaeological	expenses		11@46	5,950
	Event organisation			7 113	2 550
				79,698	50434

7.	RAISING	FUNDS - continued
	Other trading activities
							2022	2021
	Purchases						23@58	1,575
	Staffcosts						419936	55,420
	Commission						507
	Bad debts						145
	Support costs						~59 47	52,575
							125,493	109,570
	Aggregate	amounts					205 191	160 004
8.	CHARITABLE ACTIVITIES		COSTS
							Support
						Direct	costs (see
						Costs	note 9)	Totals
	Admissions					10665	~110588	~121 53
9.	SUPPORT	COSTS
							Governance
			Finance	Admin		Premises	costs	Totals
	Other trading activities		1,955	13,069		40+09	4@14	59,547
	Admissions		3629	~24	70	74 676	8013	~110 88
			5584	37	39	114885	~12 327	170135

				2022	2021
independent	examiners		fees	2/60	2,200
Other assurance		services		900
Bookkeeping				9,167
Depreciation	-	owned	assets	64,703	66,375
Other operating		leases		3037	3,693

The	average monthly number ofemployees dur	ing the year was as follows:
		2022	2021
Part	time	6	4
Full	time	1	1

COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted		Total
		funds	funds		funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		147,959	150,315		298374
Charitable activities
Admissions		26,840			26,840
Other trading activities		7,049			7,049
Investment income		2,954			2,954
Total		184802	150,315		335,117
EXPENDITURE ON
Raising funds		83,225	76,779		160,004
Charitable activities
Admissions		32,322	84 858		117,180
Total		115,547	161637		277,184
NET INCOME/(EXPENDITURE)		69,255	(11,322)		57,933
Transfers between funds		1,905	~1,905
Net movement in funds		71,160	(13,227)		57,933
RECONCILIATION	OFFUNDS
Total funds brought forward		91,069	1,754,726	1,845,795
TOTAL FUNDS CARIUED FORWARD		162,229	1 741,499	1	903,728

14.	TANGIBLE FIXEDASSETS
		Land,		Fixtures
		road and	Cover	and	Computer
		car parks	building	fittings	equipment	Totals
	COST
	At 1 April 2021	107,846	2,568,613	424/19	19,994	3,120,972
	Additions			3 868		3868
	At 31March 2022	107846	2568613	~428 87	~19 94	3124840
	DEPRECIATION
	At 1 April 2021 Charge for year		872@38 ~51 72	347,897 12073	11,606 ~158	1~1,841 64703
	At 31March 2022		923710	359970	12864	~296544
	NET BOOKVALUE
	At 31 March 2022	107846	1,644903	68417	7,130	~2828 96
	At 31 March 2021	107846	1,696,275	76622	8,388	1,889,131
15.	HERITAGE ASSETS
						Total
	MARKET VALUE
	At 1 April 2021 and 31 March 2022					~4860
	NET BOOKVALUE
	At 31 March 2022					~4860
	At 31 March 2021					4,860

17.	STOCKS
				2022	2021
	Shop, catering, stationery		and fuel	~8	2,521
18.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2022	2021
	Trade debtors			6,143	174
	VAT			4,427
	P repayments			219572	7,677
				32,142	7,051
19.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
	Bank loans and overdraAs		(see note 21)	12,188	53,853
	Trade creditors			121111	1,387
	Social security and other		taxes	1@24	2,263
	VAT				898
	Other creditors			1,866	1,735
	Accruals and deferred	income		5 109	7,573
				32 610	67,709

20.	CREDITORS:	AMOUNTS FALLING DUE AFTER MORE	AMOUNTS FALLING DUE AFTER MORE	AMOUNTS FALLING DUE AFTER MORE	THAN ONE	YEAR
						2022	2021
	Bank loans (see note		21)			39,653	51384
21.	LOANS
	An analysis ofthe maturity ofloans is given below:
						2022	2021
	Amounts falling	due	within one year on demand:
	Bank loans					12,188	6,687
	Bank overdraft						47,166
						12,188	53,853
	Amounts falling	between one and two years:
	Bank loans					39653	51%4
22.	MOVEMENT	IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.22
	Unrestricted funds
	General fund			161,852	58,679	23,709	244/40
	Munns Portrait	Collection - Designated
	Fund			377		473	850
				162/29	58,679	24,182	245,090
	Restricted funds
	Herapath Shenton Trust			4,979			4,979
	Friends ofBrading Roman Villa			1,655			19655
	Arts Council England			37,746	(5,113)	(24,182)	8,451
	Cover Building		1,6969276		(51@73)		1,644,903
	South East Museum		Development	343	(343)
	Royal Pavilion	8h Museum		500	2 000		2 500
			I	741499	54829	~24 182	I 662 488
	TOTAL FUNDS		I903728		3850		~19~07 578

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		283@96	(224,717)	58,679
Restricted funds
Arts Council England		44,898	(50,011)	(5,113)
Cover Building			(51/73)	(51@73)
South East Museum	Development		(343)	(343)
Royal Pavilion 8r, Museum		2000		2 INO
		46898	{101~92	~84 829
TOTAL FUNDS		~330 94	326444

Comparatives for m	ovement in funds
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund		90,692	69,255	1,905	161,852
Munns Portrait Collection - Designated
Fund		377			377
		91,069	69,255	1,905	162,229
Restricted funds
Herapath Shenton Trust		4,979			4,979
Friends ofBrading Roman Villa		2,099	(444)		1,655
Arts Council England			38,338	(592)	37,746
Cover Building		1,747,648	(51,372)		1,696,276
South East Museum	Development		343		343
Historic England			1,313	(1,313)
Royal Pavilion 8cMuseum			500		500
		1,754 726	~11,322	~1905	1,741,499
TOTAL FUNDS		1,845,795	57,933		1,903,728

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		184,802	(115,547)	69,255
Restricted funds
Friends ofBrading Roman Villa		150	(594)	(444)
Arts Council England		121,580	(832.42)	38,338
Cover Building			(51372)	(51,372)
South East Museum	Development	1,285	(942)	343
IW Council		300	(300)
Vectis Archaeological	Trust	1,500	(1,500)
Historic England		25,000	(23,687)	1,313
Royal Pavilion k Museum		500		500
		150315	161,637	11,322
TOTAL FUNDS		335,117	277,184	57,933

		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.22
Unrestricted funds
General fund	90,692	127,934	25,614	244,240
Munns Portrait Collection - Designated
Fund	377		473	850
	91,069	127,934	26,087	245,090
Restricted funds
Herapath Shenton Trust	4,979			4,979
Friends ofBrading Roman Villa	2,099	(444)		1,655
Arts Council England		33,225	(24,774)	8,451
Cover Building	1,747,648	(102,745)		1,644,903
Historic England		1,313	(1/13)
Royal Pavilion &Museum		2,500		2,500
	1,754,726	66,151	26,08	1,662,488
TOTAL FUNDS	1 845,795	61,783		1,907,578

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		468,198	(340,264)	127,934
Restricted funds
Friends ofBrading Roman Villa		150	(594)	(444)
Arts Council England		166,478	(133,253)	33,225
Cover Building			(102,745)	(102,745)
South East Museum	Development	1,285	(1,285)
IW Council		300	(300)
Vectis Archaeological	Trust	1,500	(1,500)
Historic England Royal Pavilion 4 Museum		25,000 2 500	(23,687)	1,313 2,500
		197,213	263364	66 151
TOTAL FUNDS		665411	~603 628	61,783
Designated Funds