2023-03-31-accounts - Brading Roman Villa Trust

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			Page
Chairman's Report		1	to	3
Report ofthe Trustees		4	to	10
Independent Examiner's	Report
Statement ofFinancial Activities			12
Balance Sheet		13	to	14
Cash Flow Statement			15
Notes to the Cash Flow	Statement		16
Notes to the Financial Statements		17	to	32

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		3	51,446	17,151	68,597	114,479
Charitable	activities
Museum				135,930		135,930	109,561
Other trading activities			4	147,949		147,949	103,395
Investment	income		5	4732		4 732	2,859
Total				340,057	17151	357808	330,294
EXPENDITURE ON
Raising funds			7	176401	22,657	198,958	205,191
Charitable	activities
Museum				165 081	48,260	213441	121,253
Total				~341 82	70917	412299	326,444
NET INCOME/(EXPENDITURE) Transfers between funds			22	(1@25) 255	(53,766) ~255)	(55,091)	3,850
Net movement in funds				(1,070)	(54,021)	(55,091)	3,850
RECONCILIATION		OF FUNDS
Total funds	brought forward			245,090	1,662,488	1,907,578	1,903,728
TOTAL FUNDS CARRIED FORWARD				244 020	1608467	1 852 487	1,907,578

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	fmds	funds
	Notes
FIXEDASSETS
Tangible assets	14	165,682	1,602,530	1,768812	1,828,296
Heritage assets	15	49860	-	4,860	4,860
Investments	16	1		1	1
		170,543	1,602,530	1,773,073	1,833,157
CURRENT ASSETS
Stocks	17	8,139		8,139	8,548
Debtors	18	21,987		21,987	32,142
Cash at bank and in hand		111148	7947	119,095	106,002
		141/74	7,947	149/21	146,692
CREDITORS
Amounts falling due within one year	19	(40,359)	(2,010)	(42@69)	(32,618)
NET CURRENT ASSETS		100915	5 937	106852	114,074
TOTAL ASSETSLESSCURRENT
LIABILITIES		271,458	1,608,467	1,879,925	1,947,231
CREDITORS
Amounts falling due after more than one
year	20	(27,438)		(27,438)	(39,653)
NET ASSETS		244 020	1608467	1,852 487	1,907,578
FUNDS	22
Unrestricted funds				244,020	245,090
Restricted funds				1608467	1,662,488
TOTAL FUNDS				1852487	1,907,578

			2023	2022
		Notes	f.
Cash flows from operating activities Cash generated from operations			27 89	44,809
Net cash provided by operating activities			27 89	44,809
Cash flows from investing	activities
Purchase oftangible fixed assets			3,082	3,868
Net cash used in investing	activities		3,082	~3,868)
Cash flows from financing Loan repayments in year Bank overdraft repayments	activities in year		(12,195)	(6,]29) ~47,)67
Net cash used in financing	activities		~12198)	~53,296)
Change in cash and cash	equivalents
in the reporting period			12,112	(12,355)
Cash and cash equivalents	at the
beginning ofthe reporting	period	2	106002	118,357
Cash and cash equivalents	at the end
ofthe reporting period			118,114	106,002

1.	RECONCILIATION OFNET (EXPENDITURE)/INCOME	RECONCILIATION OFNET (EXPENDITURE)/INCOME	RECONCILIATION OFNET (EXPENDITURE)/INCOME	TO NET	CASH FLOW FROM	CASH FLOW FROM
	OPERATING ACTIVITIES
					2023	2022
	Net (expenditure)/income for the reporting	period (as per the
	Statement ofFinancial Activities)				(55,091)	3,850
	Adjustments for:
	Depreciation charges				63,166	64,703
	Decrease/(increase) in stocks				409	(6,027)
	Decrease/(increase) in debtors				10,155	(24,291)
	Increase in creditors				8,750	6,574
	Net cash provided by operations				27 89	44,809
2,	ANALYSIS OF CASH AND CASH EQUIVALENTS
					2023	2022
	Cash in hand				401	398
	Notice deposits (less than 3months)				118,694	105,604
	Overdrafts included in bank loans and overdrafts		falling due within
	one year				981
	Total cash and cash equivalents				118114	106,002
3.	ANALYSIS OF CHANGES IN NET FUNDS
			At	1.4.22	Cash flow	At31.3.23
	Net cash
	Cash at bank and in hand Bank overdraft		106,002		13,093 ~981	119,095 ~981
			106002		12112	118,114
	Debt
	Debts falling due within 1 year Debts falling due after 1 year		(12,188) ~39,653		(20) 12+15	(12+08) ~27438
			~51,841		12195	~39~646)
	Total			54,161	~24 07	78,468

DONATI	ONS AND LEGACIES
		2023	2022
Volunteer	hours	SP86	6,526
Gift aid		7,171	8,395
Grants		13,442	71,109
Donated	services and facilities	42698	28,449
		68597	114,479

3.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	- continued
	Grants received, included		in the	above, are as follows:
						2023	2022
	Coronavirus	Job Retention	Scheme				7,378
	Arts Council	England - Culture		Recovery Fund			44,898
	IW Council	- Local Restriction		Support Grants			16,000
	UK Government Covid Support			Grants			833
	Royal Pavilion - Audience		Data	Collection Grant			2,000
	South East Museum Development				-The Wild Escape Scheme	690
	IW Cultural	Education Partnership			-Creative Biosphere Project	12752
						13,442	71,109
4.	OTHER TRADING ACTIVITIES
						2023	2022
	Retail sales					38,614	26,518
	Catering sales					92,078	70,482
	Functions					3,037	1,889
	Educational	services				~14 20	4,506
						147,949	103,395
5.	INVESTMENT INCOME
						2023	2022
	Income from	land				3/53	2,826
	Bank interest					~179	33
						4,732	~2859

6.	INCOME FROM	INCOME FROM	CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES
					2023	2022
				Activity
	Entrance fees			Museum	135930	109,561
7.	RAISING FUNDS
	Raising donations		and	legacies
					2023	2022
					f,
	Staffcosts				17,926	61,239
	Museum expenses				4,264
	Archaeological	expenses				11,346
	Event organisation				6959	7,113
					29,149	79,698
	Other trading	activities
					2023	2022
	Purchases				35,365	23,358
	Staffcosts				71,153	41,936
	Commission				530	507
	Bad debts					145
	Support costs				62761	59,547
					169,809	125,493
	Aggregate amounts				198958	205,191

8.	CHARITABLE ACTIVITIES	COSTS
					Support
				Direct	costs (see
				Costs	note 9)	Totals
	Museum			96783	116558	213341
9.	SUPPORT COSTS
					Governance
		Finance	Admin	Premises	costs	Totals
	Other trading activities Museum	2,541 4718	18+45 33886	36,026 66 905	5,949 11049	62,761 116558
		7259	52 131	102931	16998	179319

		2023	2022
Independent examiners fees		2+40	2,260
Other assurance	services	900	900
Bookkeeping Depreciation - Other operating	owned assets leases	13,758 63,166 2,301	9,167 64,703 2,037

The total amount ofremuneration and benefits received by key management in the year (2022 - j33,632).	The total amount ofremuneration and benefits received by key management in the year (2022 - j33,632).	The total amount ofremuneration and benefits received by key management in the year (2022 - j33,632).	The total amount ofremuneration and benefits received by key management in the year (2022 - j33,632).	was $35,85
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies	67,581	46,898	114,479
Charitable	activities
Museum		109,561		109,561
Other trading activities		103,395		103,395
Investment	income	2,859		2,859
Total		283,396	46,898	330,294
EXPENDITURE ON
Raising funds		154,838	50,353	205,191
Charitable	activities
Museum		69,879	51,374	121,253
Total		224,717	101727	326,444

13.	COMPARATIVES	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued
					Unrestricted	Restricted	Total
					funds	funds	funds
	NKT INCOME/(EXPENDITURE) Transfers between funds				58,679 24,182	(54,829) ~24,182	3,850
	Net movement in funds				82,861	(79,011)	3,850
	RECONCILIATION		OFFUNDS
	Total funds brought	forward			162,229	1,741,499	1,903,728
	TOTAL FUNDS CARRIED
	FORWARD				245,090	1,662,488	1,907,578
14.	TANGIBLE FIXED		ASSETS
			Land,		Fixtures
			road and	Cover	aild	Computer
			car parks	building	fittings	equipment	Totals
	COST
	At 1 April 2022		107,846	2/689613	428487	19,994	3,124,840
	Additions				947	2,135	3082
	At 31 March 2023		107$46	2+68613	429@34	22 129	3 127922
	DEPRECIATION
	At 1 April 2022 Charge for year			923,710 51@72	359,970 10,405	12,864 ~189	1,296,544 63,166
	At 31March 2023			9750$2	370475	14253	1359710
	NET BOOKVALUE
	At 31 March 2023		107$46	~1593 31	58959	7876	1768212
	At 31March 2022		107,846	1,644,903	68,417	7,130	1,828,296

15.	HERITAGE ASSETS
		Total
	MARKET VALUE
	At 1 April 2022 and 31 March 2023	~4860
	NET BOOKVALUE
	At 31March 2023	~4860
	At 31March 2022	~4860

FI	XEDASSETINVESTMENTS
		Shares	in
		group
		undertakings
MARKET VALUE
At	1 April 2022 and 31 March 2023
NET BOOKVALUE
At	31March 2023		1
At	31March 2022		1

	Brading Roman Villa (Trading) Ltd	Brading Roman Villa (Trading) Ltd	Brading Roman Villa (Trading) Ltd
	Registered office:
	Nature ofbusiness: Dormant
				0/o
	Class ofshare:			holding
	Ordinary				100
						2023	2022
	Aggregate capital and reserves					1	1
	The accounts ofthe dormant		subsidiary	company	are not consolidated.
17.	STOCKS
						2023	2022
	Shop, catering, stationery	and fuel				8,139	8,548
18.	DEBTORS:AMOUNTS	FALLING		DUE WITHIN ONE YEAR
						2023	2022
	Trade debtors					2,671	6,143
	VAT						4,427
	Prepayments					19,316	21,572
						21,987	32,142

19.	CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
	Bank loans and overdrafts		(see note 21)	13,189	12,188
	Trade creditors			9,100	12,111
	Social security and other taxes			1,624	1,324
	VAT			1,581
	Other creditors			5,783	1,886
	Accruals and deferred	income		11092	5,109
				42@69	32,618
20.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN			ONE YEAR
				20?3	2022
	Bank loans (see note	21)		27 438	39,653
21.	LOANS
	An analysis ofthe maturity		ofloans is given below:
				2023	2022
	Amounts falling due	within one year on demand:
	Bank overdrafts			981
	Bank loans			12208	12,188
				13,189	12,188
	Amounts falling between one and two years:
	Bank loans			27 438	39653

MOVEMENT IN F	UNDS
				Net	Transfers
				movement	between	At
			At 1.4.22	in funds	funds	3l.3.23
Unrestricted funds
General fund			244,240	(1@46)	255	243,149
Munns Portrait Collection - Designated
Fund			850	21		871
			245,090	(1/25)	255	244,020
Restricted funds
Herapath Shenton Trust			4,979			4,979
Friends ofBrading Roman Villa			1,655	1,023	(255)	2,423
Arts Council England Cover Building Royal Pavilion &Museum			8,451 1,644,903 2 500	(1,267) (51,372) ~2150		7,184 1,593+31 350
			1 662 488	~5376	~255	1608467
TOTAL FUNDS			1907 578	55091		1 852 487
Net movement in funds, included		in the	above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				340,036	(341482)	(1@46)
Munns Portrait Collection - Designated
Fund				21		21
				340,057	(341@82)	(1425)
Restricted funds
Friends ofBrading Roman Villa				3,709	(2,686)	1,023
Arts Council England					(1/67)	(1@67)
Cover Building					(51/72)	(51472)
South East Museum	Development			690	(690)
Royal Pavilion &Museum					(2,150)	(2,150)
IW Cultural Education Partnership-
Creative Biosphere Project				12752	12,752
				17151	~70~917)	j53~766)
TOTAL FUNDS				357208	412,299	55091

Comparatives for m	ovement 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	244,240
Munns Portrait Collection - Designated
Fund		377		473	850
		162,229	58,679	24,182	245,090
Restricted funds
Herapath Shenton Trust		4,979			4,979
Friends ofBrading Roman Villa		1,655			1,655
Arts Council England		37,746	(5,113)	(24,182)	8,451
Cover Building		1,696,276	(51,373)		1,644,903
South East Museum	Development	343	(343)
Royal Pavilion &Museum		500	2,000		2,500
		1,741,499	54,829	~24, 182	1,662,488
TOTAL FUNDS		1,903,728	3,850		1,907,578

Comparative net mov	in the above are as follows	:
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	283,396	(224,717)	58,679
Restricted funds
Arts Council England Cover Building South East Museum Development Royal Pavilion & Museum	44,898 2,000	(50,011) (51,373) (343)	(5,113) (51,373) (343) 2,000
	46,898	101,727	54,829
TOTAL FUNDS	330,294	326,444	3,850

A current year 12mo	2months combi	ned position is a	s follows:
		Net	Transfers
		movement	between	At
	At 1.4.21	in funds	funds	31.3.23
Unrestricted funds
General fund	161,852	57,333	23,964	243,149
Munns Portrait Collection - Designated
Fund	377	21	473	871
	162,229	57,354	24,437	244,020
Restricted funds
Herapath Shenton Trust	4,979			4,979
Friends ofBrading Roman Villa	1,655	1,023	(255)	2,423
Arts Council England	37,746	(6,380)	(24,182)	7,184
Cover Building	1,696,276	(102,745)		1,593,531
South East Museum Development Royal Pavilion 4 Museum	343 500	(343) ~)50)		350
	1,741,499	108,595	24,43	1,608,467
TOTAL FUNDS	1,903,728	~51,241)		1,852,487

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		623,432	(566,099)	57,333
Munns Portrait Collection - Designated
Fund		21		21
		623,453	(566,099)	57,354
Restricted funds
Friends ofBrading Roman Villa		3,709	(2,686)	1,023
Arts Council England		44,898	(51,278)	(6,380)
Cover Building			(102,745)	(]02,745)
South East Museum	Development	690	(1,033)	(343)
Royal Pavilion &Museum		2,000	(2,150)	(150)
IW Cultural Education Partnership-
Creative Biosphere Project		12,752	12,752
		64,049	172,644	108,595
TOTAL FUNDS		687,502	~738,743	~51.241)
Designated Funds