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2023-03-31-accounts

Docusign En¥ÈlopÈ ID". C52170EA-CD9F44C6-887B-95E96758583E Registered Number: Charity Number: 7334262 1137867 PJ•4 Tyne & Wear Archives & Museums Development Trust (A company limited by guarantee) TYNE &WEAR archives& museums Development Trust Unaudited Trustees, Report and Financial Statements For the period ended 31 March 2023

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 35

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees Philip J Kite, Chair
Anna McCready
Charlotte Windebank
Lauren Regan (resigned 14 September 2022)
John D Holmes
Helen Cadzow
Christine Holland
Crystal L Hicks (resigned 14 September 2022)
Company registered
number
7334262
Charity registered
number
1137867
Registered office
Tyne and Wear Archives & Museums
Discovery Museum
Blandford Square
Newcastle upon Tyne
NE1 4JA
Company secretary
Jackie Reynolds
Accountants
Kinnair Associates Limited
Chartered Accountants
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
Bankers
Lloyds Bank
PO Box 1000
Andover
BX1 1LT
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW
Solicitors
John Softly
Assistant Director, Legal Services
Newcastle City Council
Civic Centre
Newcastle upon Tyne
NE1 8QH

Page 1

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of the charity for the year from 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The principal objects of the charitable company are:

Volunteers

The Trust recognises that volunteers are essential to the work that we do. Volunteers help to ensure that all of the museums and galleries are innovative, imaginative, creative, totally inclusive, secure and sustainable.

TWAM operates an extensive volunteer programme. Volunteers are engaged across many areas of its operation, from collections research and maintenance to visitor welcome. Volunteer roles are advertised via the TWAM website. In 2022/23 TWAM had 331 volunteers contributing 19,428 hours (2021/22 174 volunteers and 12,646 hours).

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

Main activities undertaken to further the charity's purposes for the public benefit

Trustees refer to the Charity Commission’s general guidance on public benefit when reviewing the Trust’s objectives and in planning future activities. The Trust carries out its objectives by raising funds from individual donors, corporates and trusts & foundations to support a wide variety of archive and museum activities including:

By supporting such activities the Trust helps TWAM achieve its strategic vision of ensuring everyone has access to archive and museum provision, and is able to use this access and to value it for the significant and positive impact that it makes upon their lives.

Trustees recognise the huge contribution made by volunteers and the following Friends, Affiliates and Connected Charities:

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

Review of activities

TWAM, through its Strategic Board and its officers, delivers programmes which support its five priorities. These are aligned with the aims of TWAM’s key funding stakeholders. For reporting purposes in 2022/23 TWAM reports against the five Arts Council goals. These are:

In 2022/23, overall in-person visits were 697,637. This meant we ended the financial year 8% above projected target and approximately 70% of a pre-covid year.

We are incredibly grateful for the support we receive from businesses, grant making bodies and individuals. As we recover from the impact of the pandemic, we need support to help us to care for our region’s heritage, and deliver programmes to entertain, engage and inspire our visitors and communities. This year fundraising activity has included:

Grants, Trusts and Foundations

We received significant funding from 20 Trusts and Foundations who have supported our work with communities, children and young people and museum collections. £800,000 was raised to deliver the Lindisfarne Gospels programme which was generously supported by the North of Tyne Combined Authority, the National Lottery Heritage Fund, the Barbour Foundation, Garfield Weston, the Headley Trust and the Kirby Laing Foundation.

Our work with communities was a focus of fundraising and we received grants for the Volunteer Here programme from Arts Council England, and the next phase of our work with Diaspora communities in Newcastle and South Tyneside from the Museums Association Esmée Fairbairn Collections Fund. We also received support for our work with older people from the Peter Sowerby Foundation, and our Recovery programme for people in addiction recovery and in the criminal justice system from the Baring Foundation.

Delivery of the Steam to Green exhibition and events programme at Discovery.Museum to tell the story of energy production in the North East moved a step forward with a pledge of support from the Reece Foundation.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Individual Giving

Visitor giving continued to grow following the pandemic as footfall improved in venues.

Donations in venues were £133,953, 4% above the annual target. The Annual Christmas Appeal run in conjunction with the Big Give was successful in increasing 2021’s £10,000 target to achieve over £12,000 - the total raised with Gift Aid was £12,695. The funds will support our Warm Welcome programme providing free events and programmes for refugees and asylum seekers, older people and families with young children. Our Trustees played a significant role in supporting our fundraising and collectively raised over £30,000 via activities including a sponsored cycle ride, sponsored rowing event and a very successful gala dinner hosted at Fenwick Ltd. We’re also grateful for the donation of paintings for auction by South Tyneside artist Bob Olley. We raised over £4,000 auctioning two paintings.

Further details, including how TWAM’s work fulfils the public benefit requirement are available in TWAM’s Impact Report

https://www.twmuseums.org.uk/files/515393-impact-report-2022-23-web-version.pdf

Providing archive and museum activities that are available to the widest possible audience and give people new experiences and perspectives, and the resulting positive effect on their lives, is the motivation for the Trust’s work. The Trustees are pleased that the achievements and performance of the Trust in securing funds for TWAM’s work.

In total, the Trust raised £616,859 during 2022/23 to support TWAM programmes and activity. This funding will be allocated to TWAM to fund programmes and activities as required.

Fundraising activities and income generation

The Trust is required to report how it deals with fundraising from the public. TWAM Development Trust does not use a professional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follow all guidelines set out by the Charity Commission, the Code of Fundraising Practice and UK law in every respect. We respect the privacy and contact preferences of all donors.

Investment policy and performance

The Trustees keep all reserves in cash which is readily available for use. The Trustees regularly review both this approach and their reserves policy and concluded that this approach still met their current needs and requirements.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

Overview

The charity's incoming resources for the year increased from £470,074 to £616,859 and the charity's total expenditure increased from £285,285 to £537,414. This resulted in net incoming resources for the year of £79,441 (2022: £184,789).

Total funds carried forward increased from £646,688 to £726,133 including restricted funds of £557,501 (2022: £543,913). A full breakdown of the charity's funds can be found in note 13 to the financial statements.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The Trustees feel that it is appropriate to hold a reserve with funds to finance the administration and governance fees and will earmark the use of interest earned on investments for this purpose until the level of reserves is sufficient to meet the estimated costs of these fees for the following three years approximately £13,000. As at 31 March 2023, the general reserve element for governance costs is £15,179.

The charity is currently carrying surplus reserves and will make payments to TWAM as and when requests from TWAM are received. The additional funds carried by the charity principally represent the timing difference of monies received by the charity prior to them being paid to TWAM. Funds received by the charity which are allocated to general reserves are public monies collected via donation made at each venue.

At 31 March 2023, overall Trust unrestricted reserves are £168,632.

Financial risk management objectives and policies

The Trustees are responsible for ensuring that there are effective and adequate risk management and internal control systems in place to manage the strategic and operational risks the Trust has and could be exposed to.

Processes in place regarding risk management and internal controls include the following:

The Strategic Risk Register contains the most significant risks to the Trust’s objectives and highlights risk priorities as perceived at present and further actions required to manage, reduce or mitigate these risks. A risk radar is reviewed at each Trustee meeting.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

Constitution

Tyne & Wear Archives & Museums Development Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Methods of appointment or election of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company’s articles are known as members of the charity.

All Trustees are appointed for a four year term, with the exception of the initial Trustees where half of their number were appointed for an initial two year term, and on stepping down after that initial four or two year term (as appropriate) were eligible for reappointment. That reappointment will be for a maximum period of a further four years. On stepping down after that further four year term each Trustee will be eligible for reappointment. That reappointment will be for a maximum period of a further four years.

Organisational structure and decision-making policies

The Board meets four times a year to review progress and update the operational plans. A scheme of delegation was agreed by the Trustees at their first meeting which sets out roles and responsibilities of the Board, Trustees and officers of TWAM. If required, sub- committees may be convened to examine some areas in more detail and report back to the Board. During 2022/23 meetings were held in a hybrid format enabling members to join in-person or remotely.

Policies adopted for the induction and training of Trustees

The induction pack for new Trustees includes the following: organisational information, who TWAM is, what TWAM do, why TWAM do it, outcomes; role and responsibilities of the Board of Trustees; individual responsibilities as board members; information on charities and fund-raising and a schedule of delegation.

In September 2022, an induction and refresher session was held, and involved members, trustees and directors from the TWAM Strategic Board, TWAM Development Trust, TWAM Enterprises and Audit Committee.

Regular strategic updates are provided at all meetings.

Related party relationships

To ensure that formal procedures are in place Trustees declare their actual or potential conflicting interests with a "conflicts of interests disclosure form" annually and, at each Board meeting, if appropriate, the Trustees discuss their interests with a formal minute recorded of the interests declared and any action agreed.

The TWAM Development Trust was set up to support TWAM by raising funds from individual donors, companies, trusts and foundations to support a wide variety of archive and museum activities. Although the two entities have separate trustees, TWAM provide administrative services to TWAM Development Trust and TWAM's Audit Committee provides oversight of financial procedures and risk management matters pertaining to TWAM, the TWAM Development Trust as well as TWAM Enterprises Ltd and Exhibitions by TWAM Limited.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Plans for future periods

The TWAM Development Trust will continue to fund raise to support the work of TWAM.

Engaging Exhibitions - A high quality, popular programme of temporary exhibitions and digital programming in our venues or elsewhere to inspire, delight and educate including To the Roar of the Crowd at Segedunum, Myth Quest at GNM:Hancock, Scran! At South Shields Museum and Matt Rugg at Hatton Gallery.

Family Learning - A programme of events from toddler play sessions, to young person-led projects, to family fun activities and drop in sessions designed to support intergenerational, informal, learning.

Formal Learning - Workshops for schools, early years, SEND settings etc. delivered across all venues and curriculum areas across the full academic year. Designed to stimulate enquiry and creativity.

Connecting with Communities – A targeted engagement programme focusing on communities not readily able to use venues and collections themselves and working with partners. We will also continue our highly successful refugee and asylum seeker volunteering programme, Multaka.

Tackling Inequality - Ensuring that everyone can see themselves in our activities we will remove barriers and challenge inequality. Including our work on decolonisation, anti-racism, poverty proofing and youth voice all covered under our successful ‘Warm Welcome’ campaign.

Opportunities in Culture – A programme of volunteer opportunities, work experience and development of career pathways including continuing to deliver the DCMS funded Volunteer Here project and an enhanced Work Experience programme.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of Trustees' responsibilities (CONTINUED)

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 6 December 2023 and signed on their behalf by:

Philip J Kite

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent Examiner's Report to the Trustees of Tyne & Wear Archives & Museums Development Trust ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 7 December 2023 Detlev Anderson FCA

Kinnair Associates Limited Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Investments
4
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
411,572
-
411,572
392,479
392,479
19,093
(5,505)
13,588
543,913
13,588
557,501		 Unrestricted
funds
2023
£
203,542
1,745
205,287
144,935
144,935
60,352
5,505
65,857
102,775
65,857
168,632		 Total
funds
2023
£
615,114
1,745
616,859
537,414
537,414
79,445
-
79,445
646,688
79,445
726,133		 Total
funds
2022
£
469,916
158
470,074
285,285
285,285
184,789
-
184,789
461,899
184,789
646,688

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 14 to 35 form part of these financial statements.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

(A Company Limited by Guarantee) REGISTERED NUMBER: 7334262

BALANCE SHEET AS AT 31 MARCH 2023

Note
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
Unrestricted funds
Total funds		 26,101
761,333
787,434
(61,301)		 2023
£
726,133
726,133
726,133
726,133
557,501
168,632
726,133		 10,895
778,207
789,102
(142,414)		 2022
£
646,688
646,688
646,688
646,688
543,913
102,775
646,688

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 06 December 2023 and signed on their behalf by:

Philip J Kite

The notes on pages 14 to 35 form part of these financial statements.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 14 to 35 form part of these financial statements		 2023
£
(15,129)
(1,745)
(1,745)
-
(16,874)
778,207
761,333		 2022
£
321,921
(158)
(158)
-
321,763
456,444
778,207

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is: Discovery Museum, Blandford Square, Newcastle, Tyne & Wear, NE1 4JA.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Tyne & Wear Archives & Museums Development Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.3 Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustees’s meetings and reimbursed expenses.

2.4 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Grants		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
137,065
203,542
274,507
-
411,572
203,542		 Total
funds
2023
£
340,607
274,507
615,114

Page 16

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies (continued)

Donations
Grants
4.
Investment income
Bank interest receivable
Bank interest receivable
5.
Analysis of grants
Grants - Tyne & Wear Archives & Museums (TWAM)		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
127,959
117,824
224,133
-
352,092
117,824
Unrestricted
funds
2023
£
1,745
Unrestricted
funds
2022
£
158
Grants to
Institutions
2023
£
527,816		 Total
funds
2022
£
245,783
224,133
469,916
Total
funds
2023
£
1,745
Total
funds
2022
£
158
Total
funds
2023
£
527,816

Page 17

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Analysis of grants (continued)

Grants to Total
Institutions funds
2022 2022
£ £
Grants - Tyne & Wear Archives & Museums (TWAM) 276,164 276,164

All Grant funding of activities payments are made to Tyne & Wear Archives & Museums (TWAM) to support by project and venue for which the donor intended.

6. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs - Grant funding of activities
Direct costs - Grant funding of activities		 Restricted
funds
2023
Unrestricted
funds
2023
£
£
392,479
144,935
Restricted
funds
2022
Unrestricted
funds
2022
£
£
177,749
107,536		 Total
2023
£
537,414
Total
2022
£
285,285

7. Analysis of expenditure by activities

Grant
funding of Support Total
activities costs funds
2023 2023 2023
£ £ £
Direct costs - Grant funding of activities 527,816 9,598 537,414

Page 18

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Grant
funding of Support Total
activities costs funds
2022 2022 2022
£ £ £
Direct costs - Grant funding of activities 276,164 9,121 285,285

Analysis of support costs

Management fees
Sundry support costs
Independent examiner's fees
Management fees
Sundry support costs
Independent examiner's fees
8.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the preparation
and independent examination of the Company's annual accounts		 Activities
2023
£
6,000
1,548
2,050
9,598
Activities
2022
£
6,000
721
2,400
9,121
2023
£
2,050		 Total
funds
2023
£
6,000
1,548
2,050
9,598
Total
funds
2022
£
6,000
721
2,400
9,121
2022
£
2,400

Page 19

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .

10. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2023
£
6,603
8,000
11,498
26,101		 2022
£
5,114
1,650
4,131
10,895

11. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2023
£
59,251
2,050
61,301		 2022
£
100,658
41,756
142,414

Trade creditors include amounts committed as grants payable totalling £59,251 (2022: £100,658). Resources deferred in the period amounted to £nil (2022: £33,332).

12. Financial instruments

2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 761,333 778,207

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 20

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Balance at Balance at
1 April Incoming Resources 31 March
2022 resources expended Transfers 2023
£ £ £ £ £
13. Statement of funds
Unrestricted funds
General
General funds 102,775 205,287 (144,935) 5,505 168,632
Restricted funds
Andrew Weir Shipping Ltd 3,548 - - - 3,548
The Barbour Foundation 1,925 - - - 1,925
The Clore Duffield Foundation 21,868 - (21,868) - -
The Decorative Arts Society 5,000 - - - 5,000
Esmee Fairbairn Foundation 15,196 46,667 (46,289) - 15,574
Fenwick Family Archive 6,710 - - - 6,710
Frognal Trust 2,000 - - - 2,000
Garfield Weston Foundation - 50,000 (50,000) - -
Hadrian Trust - Send 1,000 - (422) - 578
Hadrian Trust 1,000 - (1,000) - -
Headley Trust 24,359 20,000 (44,359) - -
The Henry Rothschild Trust 12,936 - (1,123) - 11,813
Horseman Trust 5,000 - (5,000) - -
John George Joicey Bequest 7,718 6,000 (3,084) - 10,634
McEune Trust Fund 4,020 - - - 4,020
Mrs C Van-Driel-Hursey Educational
Funds 11,624 - (636) - 10,988
Museums Association - Story: Web 33,685 - (30,565) - 3,120
Northern Rock Foundation 3,689 - (325) - 3,364
RW Mann Trust 1,000 - (422) - 578
The Reece Foundation: Science Maze 3,000 - - - 3,000
The Reece Foundation - Steamworks 80,000 - (61,200) - 18,800
Roland Cookson Fund at the
Community Foundation 5,112 - (2,556) - 2,556
Rothley Trust 750 - (750) - -
Rothley Trust - SRM 800 - (422) - 378
Rothschild Foundation Hanadiv
Europe 40,000 - (29,985) - 10,015
The Shears Foundation 5,000 - (5,000) - -
Shipley Gallery Trust Fund 7,294 - - - 7,294
Sir James Knott Trust - 8,000 (8,000) - -
Restoration of Paintings 3,883 - - - 3,883
The Estate of Elizabeth Jean Driver 37,533 - - - 37,533
The Estate of Florence Margaret
Regnart 1,000 - - - 1,000
George Clive Watson Bequest 2,580 - - - 2,580

Page 21

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Balance at Balance at
1 April Incoming Resources 31 March
2022 resources expended Transfers 2023
£ £ £ £ £
Investment Income Legacy 2 - - - 2
Estate of J Purves 1,000 - - - 1,000
G Crawford - J Chisholm 9,038 - - - 9,038
Anonymous Donor 500 - - - 500
Regional Resource Centre 30 - - - 30
South Shields- Make your Mark 1424 - - - 1,424
John Martin Circle 290 - - - 290
Laing-Laing Exhibition Partners 1,346 - - - 1,346
Great North Museum - Be part of it 22,624 - - - 22,624
The Late Shows Angels 763 - (763) - -
South Shields Musuem & Art Gallery -
Adopt an Animal 624 76 (604) - 96
Late Shows donations 260 64 (334) - (10)
Shipley (Maintenance of Grandfather
Clock) 600 - (165) - 435
Giving Tuesday donations 18 - - - 18
Dr Hari Shukla Fund 6,783 - - - 6,783
Friends of the Shipley Art Gallery 2,252 - - - 2,252
Friends of South Shields Museum &
Roman Fort 7,497 - - - 7,497
Boxes of Delight donations 200 - (200) - -
The Big Give 2021 14,420 - (14,420) - -
Gift Aid 656 16 - - 672
Payroll Giving 5,505 - - (5,505) -
TWAME 115,351 - - - 115,351
The Stanley Smith Horticultural Trust 3,500 - (1,400) - 2,100
Arnold Clark Community Foundation - 1,000 (422) - 578
Banks Community Fund - 5,000 (3,665) - 1,335
Barbour Foundation - Lindisfarne
Gospels - 50,000 (50,000) - -
Baring Foundation - 20,000 - - 20,000
Cycling UK - 1,500 (1,500) - -
Hadrian Trust - Hadrian's Wall - 1,000 (1,000) - -
Kirby Laing Foundation - 5,000 (5,000) - -
Museums Association - Esmée
Fairbairn Collections Fund - 44350 - - 44,350
Museums Association - Missions &
Mindsets - 2000 - - 2,000
Peter Sowerby Foundation - 12,490 - - 12,490
Page 22

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

The Prince of Wales Charitable Fund
Friends of Segedunum
Big Give - 2022
Mrs L M Wellstead
the Estate of M Browne
Nerys Johnson Estate
Total restricted funds
Total funds		 Balance at
Balance at
1 April
Incoming
Resources
31 March
2022
resources
expended
Transfers
2023
£
£
£
£
£
-
1,500
-
-
1,500
-
250
250
-
9,759
-
-
9,759
-
1,900
-
1,900
-
5,000
-
-
5,000
-
120,000
-
-
120,000
543,913
411,572
(392,479)
(5,505
557,501
646,688
616,859
(537,414)
0
726,133

Page 23

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Prior year
Balance at Balance at
1 April Incoming Resources 31 March
2021 resources expended Transfers 2022
£ £ £ £ £
Unrestricted funds
General
General funds 92,881 117,982 (107,536) (552) 102,775
Restricted funds
AHRC 2,500 - (2,500) - -
Andrew Weir Shipping Ltd 3,548 - - - 3,548
The Barbour Foundation 2,000 - (75) - 1,925
Carr-Ellison Family
Charitable Trust 2,000 500 (2,500) - -
Charitable Giving
Benevity 2,928 - (2,928) - -
The Clore Duffield
Foundation 25,000 - (3,132) - 21,868
The Decorative Arts
Society 5,000 - - - 5,000
Esmee Fairbairn
Foundation - 33,333 (18,137) - 15,196
Fenwick Family Archive 6,710 - - - 6,710
Foyle Foundation - 30,000 (30,000) - -
Frognal Trust 2,000 - - - 2,000
Garfield Weston
Foundation 7,888 - (7,888) - -
Gateshead Council - 20,000 (20,000) - -
Hadrian Trust - Send - 1,000 - - 1,000
Hadrian Trust 1,000 - - - 1,000
Headley Trust - 25,000 (641) - 24,359
The Henry Rothschild Trust 14,582 - (1,646) 12,936
Horseman Trust 5,000 - - - 5,000
John George Joicey
Bequest 8,965 6,000 (7,247) - 7,718
McEune Trust Fund 4,020 - - - 4,020
Mrs C Van-Driel-Hursey
Educational Funds 16,519 - (4,895) - 11,624
Museums Association 13,305 - (13,305) - -
Museums Association -
Story:Web - 50,000 (16,315) - 33,685
Northern Rock
Foundation 4,689 - (1,000) 3,689
Pilgrim Trust 10,000 - (10,000) - -
Page 24

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Balance at Balance at
1 April Incoming Resources 31 March
2021 resources expended Transfers 2022
£ £ £ £ £
Postcode Local Trust 6,463 - (7,015) 552 -
RW Mann Trust - 1,000 - - 1,000
The Reece Foundation :
Science Maze 3,000 - - - 3,000
The Reece Foundation -
Steamworks 80,000 - - - 80,000
Roland Cookson Fund at
the Community
Foundation 5,112 - - - 5,112
Rothley Trust 750 - - - 750
Rothley Trust - SRM - 800 - - 800
Rothschild Foundation
Hanadiv Europe - 40,000 - - 40,000
The Shears Foundation - 5,000 - - 5,000
Shipley Gallery Trust Fund 7,294 - - - 7,294
Sir James Knott Trust 8,000 8,000 (16,000) - -
The Aurelius Charitable Trust 3000 - (3,000) - -
The Golsoncott
Foundation 1,000 - (1,000) - -
Community Foundation
Tyne & Wear and
Northumberland - Pea
Green Boat 5,810 - (5,810) - -
Restoration of Paintings 3,883 - - - 3,883
The Estate of Elizabeth
Jean Driver 37,533 - - - 37,533
The Estate of Florence
Margaret Regnart 1,000 - - - 1,000
George Clive Watson
Bequest 2,580 - - - 2,580
Investment Income
Legacy 2 - - - 2
Estate of J Purves 1,000 - - - 1,000
G Crawford - J Chisholm 9,038 - - - 9,038
Anonymous Donor 500 - - - 500
Willington Waggonway Donations 715 - (715) - -
Regional Resource Centre 30 - - - 30
South Shields- Make your Mark 1,424 - - - 1,424
John Martin Circle 290 - - - 290

Page 25

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Laing-Laing Exhibition
Partners
Great North Museum - Be
part of it
The Late Shows Angels
South Shields Museum &
Art Gallery - Adopt an
Animal
Late Shows donations
Shipley ( Maintenance of
Grandfather Clock )
Giving Tuesday donations
Dr Hari Shukla Fund
Friends of the Shipley Art
Gallery
Friends of South Shields
Museum & Roman Fort
Boxes of Delight
donations
The Big Give 2021
Gift Aid
Payroll Giving
TWAME
The Stanley Smith
Horticultural Trust
Total restricted funds
Total funds		 Balance at
Balance at
1 April
Incoming
Resources
31 March
2021
resources
expended
Transfers
2022
£
£
£
£
£
1,346
-
-
-
1,346
24,624
-
(2,000)
-
22,624
763
-
-
-
763
528
96
-
-
624
196
64
-
-
260
600
-
-
-
600
18
-
-
-
18
6,783
-
-
-
6,783
2,252
-
-
-
2,252
7,497
-
-
-
7,497
200
-
-
-
200
4,138
10,282
-
-
14,420
640
16
-
-
656
3,355
2,150
-
-
5,505
-
115,351
-
-
115,351
-
3,500
-
-
3,500
369,018
352,092
(177,749)
552
543,913
461,899
470,074
(285,285)
0
646,688

Page 26

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

. Restricted funds

The specific purposes for which the funds are to be applied are as follows:

1. Andrew Weir Shipping Ltd: Regional Museums Store (RMS)

This donation is being utilised over several years for the preventive and remedial conservation of collections, and to support the ongoing volunteering engagement at the Regional Museums Store.

2. AHRC

A donation from the AHRC for the purposes of creating an exhibit to be displayed at the SEC, Glasgow during COP26.

3. Barbour Foundation

SEND workshops relating the Sheila Graber exhibition at SSMAG.

4. Carr Ellison Family Charitable Trust

A donation to support 2 PhD placements who will work on identifying transnational themes in the archives and museums collection here and in the Northumberland Archive collections in particular the Cotesworth and Ellison papers.

5. Charitable Giving Benevity

For the preservation of the remaining Willington Waggonway timbers. Once preserved the timbers will be installed at Stephenson Railway Museum and form part of the venue’s 2020 redevelopment.

6. Clore Duffield Foundation

Supporting the learning and public programme at the Great North Museum during Covid-19.

7. Decorative Arts Society

Shipley Art Gallery ceramic project.

8. Esmee Fairbairn Foundation

Funding will extend ‘Pea Green Boat’ a pilot volunteer programme that enables refugees and asylum seekers to volunteer, develop tours of our venues and collections and provide opportunities for sharing stories, in person, in venues and digitally.

9. Fenwick Family Archive

Grant to support the Fenwick Archive, which is placed on deposit with TWAM to enable research.

10. Foyle Foundation

A grant to support the creation of a more robust, better quality Boxes of Delight service.

11. Frognal Trust

Funding to develop our Special Educational Needs and Disabilities (SEND) offer to the local community in a way that widens free community access, participation and provision for families with SEND in North Tyneside.

12. Garfield Weston Foundation

The grant funds are used to support the rejuvenation of the interior of the museum, most significantly the reinterpretation and reimagining of our star exhibit ‘Billy’ a locomotive fabricated and assembled at Killingworth Colliery’s West Moor workshops under the supervision of George Stephenson, about four miles from SRM in North Shields.

13. Gateshead Council

A NGCV joint marketing campaign to encourage visits to cultural venues in Spring 22, building public

Page 27

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

confidence and raise awareness following a reduction in visitor & ticket numbers due to COVID 19.

14. Hadrian Trust

Support the creation of online learning resources for families and schools online during Covid-19 pandemic at the Discovery Museum.

15. Hadrian Trust

The installation of SEND interactives at SRM, enabling children with SEND, school and nursery groups to engage with SSR collections supporting STEM through play.

16. Headley Trust

This grant will support the Assistant Keeper post (£29,648) and conservation requirements (£15000) associated with Lindisfarne Gospels 2022 bal 352 is contingency.

17. Henry Rothschild Trust

This is a bursary and outreach programme that engages with the Henry Rothschild ceramic collection. This is a biennial bursary award specifically aimed at 5 ceramic artists between the ages of 25 and 35 who are living and working in the UK.

18. Horseman Trust

The funds are used to support the core learning programme & help deliver on the GNM strategic objective to support the student experience and create ‘in reach’ into the organisation through the convening of a Young Person’s panel and school focus groups.

19. John George Joicey Bequest

TWAM Learning Team manage a free artefact loans box (Boxes of Delight) service for schools, community groups and other educational establishments. The aim of the grant is to ‘sustain investment to ensure the Boxes of Delight scheme remains an innovative, integrated, efficient, well-marketed, satisfying to use, well evaluated and far reaching service’.

20. McEune Trust Fund

The funds are used to support the acquisition of the studio ceramics and pottery at the Shipley Art Gallery.

21. Mrs C Van-Driel-Hursey Education Funds

This donation is to be split between the capital redevelopment of Arbeia specifically to improve access to under visited areas of the site and to fund educational activities for schools and young people.

22. Museums Association -Mini Must see

Due to COVID restrictions this fund helps bring people closer to collections at a time that physical access wasn’t possible.

23. Museums Association- Story Web

To allow people, museums and even artificial intelligence to explore, create and share their stories as co-authors and co-curators. Bringing people together wherever they are to explore common interests and challenges.

24. Northern Rock Foundation

This award is to develop contemporary craft collections of national significance in the North East region focused on the Shipley Art Gallery and the Middlesbrough Institute for Modern Art (mima).

25. Pilgrim Trust

To support the rejuvenation of the interior of Stephenson Railway Museum.

26. Postcode Local Trust

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Shipley Centenary Garden Community Project is a community garden where people can meet, learn, and grow plants and vegetables in a social environment.

27. R W Mann Trust

The installation of SEND interactives at SRM, enabling children with SEND, school and nursery groups to engage with SSR collections supporting STEM through play.

28. Reece Foundation - Science Maze

This funding is specific to developing the concept and content of a new “energy” module for the Science Maze Gallery at Discovery Museum. The aspiration is to extend Science Maze, with the new module focusing on the generation of energy by renewable and other means and the use or application of energy in smart, sustainable ways.

29. Reece Foundation - Steamworks

a new enhanced and expanded programme of activity at Discovery. Inspiring schools children & families in a lifelong enthusiasm in Science, Technology, Engineering, Arts & Heritage and Maths (STEAM).

30. Ronald Cookson Community Fund

The funds will be used for the delivery of Slow Museums, a programme to support people with additional needs such as dementia, autism or physical disabilities to use the museum. The programme will facilitate the training of front of house staff in the concept of Slow Museums and support the introduction of Slow Museums in Discovery Museum and potentially to roll out to other venues.

31. Rothley Trust - Mouse House

The Mouse House space within the Great North Museum: Hancock is dedicated to under 5’s and their families. The Mouse House programme inspires families to engage with the wider museum, its collections, exhibitions, and university research through a series of playful sessions.

32. Rothley Trust - SRM

Installation of exhibits at SRM designed to appeal to children with SEND, kinaesthetic learners and Under 5's.

33. Rothschild Foundation Hanadiv Europe

To create an online resource to tell key stories of the NE Jewish communities and to widen access for scholars.

34. The Shears Foundation

To support the salary of the Learning Officer (Mouse House Early Years Programme) at GNM.

35. Shipley Gallery Trust Fund

The Shipley Trust Fund is used to support costs associated with the insurance of the Gallery, the upkeep of the fabric of the Gallery and the repair and upkeep of the paintings and general maintenance of the Gallery.

36. Sir James Knott Trust

The funds are used to develop a series of 12 new gallery interactives. Specifically created by and for 5-7 year olds, to better promote active , playful and lifelong learning, challenging families to ndertake adventures in and around the museum and city.

37. The Aurelius Charitable Trust

Reinterpretation and reimagining of the 'Billy' locomotive fabricated and assembled at Killingworth Colliery's West Moor workshops under the supervision of George Stephenson. The Willington Waggonway is the best preserved and most complete early wooden railway to be have been found in

Page 29

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

the world.

38. The Golsoncott Foundation

Grant towards the exhibition Four Women Artists - Challenging Convention.

  1. The Pea Green Boat Community First Fund Funds to support 6 refugees and asylum seekers as volunteers to undertake training and skills development at TWAM’s Core Museum Skills programme, enhancing their employability, other skills and quality of their experience in the North East.

40. The Public Foundation Catalogue

Proceeds from the sale of Oil Paintings in Public Ownership in Tyne & Wear Museums (The Public Foundation Catalogue) are placed in a restricted fund to be used for the restoration and conservation of oil paintings in TWAM’s collections.

41. The Stanley Smith (UK) Horticultural Trust

To purchase plants, eqpt, landscaping, tree work and signage in connection with Arbeia Herb Garden Restoration

42. The Estate of Florence Margaret Regnart

Legacy donation as a permanent endowment for the Laing Art Gallery.

  1. The Estate of Elizabeth Jean Driver Legacy donation for the Laing Art Gallery.

  2. George Clive Watson Bequest

To enhance the museum facilities at the GNM.

  1. Investment Income Legacy The Estate of Florence M Regnart.

  2. Estate of J Purves Legacy donation for Shipley Art Gallery.

  3. G Crawford - J Chisholm Legacy donation for Laing Art Gallery.

  4. Anonymous donation

Supported the recruitment of an Assistant Keeper to Research and Exhibit the John Christain Ceramics collection at the Shipley Art Gallery.

  1. Willington Waggonway Donations

For the preservation of the remaining Willington Waggonway timbers. Once preserved the timbers will be installed at Stephenson Railway Museum and form part of the venue’s 2020 redevelopment.

  1. Public Donations - Specific Fund Raising Campaigns These donations were generated by specific fund-raising campaigns and will be used in line the stated objectives of the individual campaigns. The campaigns include: Regional Resource Centre South Shields Make your Mark John Martin Circle Laing Art Gallery Exhibition Partners Great North Museum Butterfly Wall The Late Show Angels

Page 30

DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Lates

Givtue South Shields Museum: Adopt an Animal Shipley Art Gallery (Maintenance of Grandfather Clock) Dr Hari Shukla Fund

51. Contributions from Friends:

Includes contributions from the Friends of Segedunum and the Shipley Art Gallery, along with funds transferred to the safekeeping of the trust on the dissolution of the friends for the benefit of South Shields Museum and Roman Fort.

52. Boxes of Delight

Sponsorship of Boxes of Delights as part of "If We Can Tou Can" challenge event.

53. Gift Aid

The gift aid within restricted funds relates to a specific campaign – the Late Shows.

54. Payroll Giving

This has been earmarked under restricted, however when the payroll giving report has been granted this does not specify a campaign or is venue specific, this should therefore be transferred to unrestricted balances.

55.TWAMe Donation

This has been placed under restricted as this is to be utilised within TWAM as and when required, however it will need to be apportioned between the venues and therefore becomes restricted to those venues.

56. Garfield Weston

Lindisfarne Gospels - The purpose of this grant is to fund the installation and invigilation of the exhibition at Laing Art Gallery which took place from September 17th to December 3rd 2022.

57. Banks Community Fund

This grant contributes towards the installation of a new display at South Shields Museum & Art Gallery featuring the mining heritage of the town.

58. Arnold Clark Community Fund

This grant will enable families, children with SEND, school (key stage 1/2) and nursery groups, to engage with SSR collections, supporting Science Technology Engineering and Maths learning through play.

59. Barbour Foundation

Lindisfarne Gospels –the purpose of this grant is to fund the installation of the Lindisfarne Gospels 2022 exhibition from September 17th to December 3rd 2022, along with contributing to the delivery of the accompanying learning and engagement programme and contributing to the delivery of the accompanying public programme

60. The Baring Foundation

The project will help develop a resource for heritage professionals exploring working practice around the development of mental health and recovery programmes.

61. Cycling UK

The grant from Cycling UK will be put towards the delivery of 6 full day bike fix it events, delivered between and July and September 2022 in North and South Tyneside and Newcastle.

62. Hadrian Trust

The installation of new exhibits at Stephenson Steam Railway, designed to appeal to children with

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SEND, kinaesthetic learners and under 5s.

63. The Kirby Laing Foundation

Lindisfarne Gospels –the purpose of this grant is to fund the installation of the Lindisfarne Gospels 2022 exhibition from September 17th to December 3rd 2022, along with contributing to the delivery of the accompanying learning and engagement programme and contributing to the delivery of the accompanying public programme

64. Museums Association - Esmée Fairbairn Collections

Support community consultation programme to develop a robust strategy for decolonisation of museum collections that embeds community views within it.

65. Museums Association

Missions and Mindsets: support their commitment to the Mindsets + Missions Learning Programme, funded by UK Research and Innovation.

66. Peter Sowerby Foundation

Museums, Health & Social Care resource & support project.

67. The Prince of Wales Charitable Fund

Stephenson Steam Railway (SSR) Young Volunteers programme.

  1. Friends of Segedunum: for the benefit of the Segedunum Roman Fort

69. Big Give 22

The funds are used to continue the delivery of early years sessions, older peoples sessions, and sessions for marginalised communities. Funding core costs such as staff time and equipment/materials for Tiny Sparks under 5s, Platinum Programme over 55s, and Multaka.

  1. Anonymous : for the benefit of the Segedunum Roman Fort.

  2. Estate of M Browne for the benefit of the GNM: Hancock

72. Nerys Johnson Estate

Nerys Johson, an artist and former Keeper of the Laing Art Gallery bequeathed her art collection, archive and papers to the Laing Art Gallery. The funds will only be used for the purchase and maintenance of works of art and not for any other purpose.

14. Summary of funds

Summary of funds - current year

Balance at 1
April 2022
£
General funds
102,775
Restricted funds
543,913
646,688		 Income
£
Expenditure
£
205,287
(144,935)
411,572
(392,479)
616,859
(537,414)		 Transfers
in/out
£
5,505
(5,505)
-		 Balance at
31 March
2023
£
168,632
557,501
726,133

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Summary of funds (continued)

Summary of funds - prior year

Balance at
Balance at Transfers 31 March
1 April 2021 Income Expenditure in/out 2022
£ £ £ £ £
General funds 92,881 117,982 (107,536) (552) 102,775
Restricted funds 369,018 352,092 (177,749) 552 543,913
461,899 470,074 (285,285) - 646,688
Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Current assets 616,752 170,682 787,434
Creditors due within one year (59,251) (2,050) (61,301)
Total 557,501 168,632 726,133
Analysis of net assets between funds - prior year
Restricted Unrestricted Total
funds funds funds
2022 2022 2022
£ £ £
Current assets 677,903 111,199 789,102
Creditors due within one year (133,990) (8,424) (142,414)
Total 543,913 102,775 646,688

15. Analysis of net assets between funds

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Net cash provided by/(used in) operating activities
17.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
18.
Analysis of changes in net debt
At 1 April
2022
£
Cash at bank and in hand
778,207
778,207		 2023
£
79,445
1,745
(15,206)
(47,781)
(33,332)
(15,129)
2023
£
761,333
761,333
Cash flows
£
(16,874)
(16,874)		 2022
£
184,789
158
4,830
98,812
33,332
321,921
2022
£
778,207
778,207
At 31 March
2023
£
761,333
761,333

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DocuSign Envelope ID: C52170EA-CD9F-44C6-887B-95E96758583E

TYNE & WEAR ARCHIVES & MUSEUMS DEVELOPMENT TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

19. Related party transactions

During the year the entity paid grants totalling £527,816 (2022: £276,164) to Tyne & Wear Archives & Museums (TWAM). At the balance sheet date £59,251 (2022: £100,658) was due to TWAM.

The TWAM Development Trust was set up to support TWAM by raising funds from individual donors, companies, trusts and foundations to support a wide variety of archive and museum activities. Although the two entities have separate trustees, TWAM provide administrative services to TWAM Development Trust and TWAM's Audit Committee provides oversight of financial procedures and risk management matters pertaining to TWAM, the TWAM Development Trust as well as TWAM Enterprises Ltd and Exhibitions by TWAM Limited.

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