## ## ## |Trustees||A FAppleton-Mitchell|| |---|---|---|---| |||M 7Corfleld|| |||M Banner|| |||L M Harrison|| |||D CSimons|| |||R K Welsh|| |||J LWilkie|| |Charity number||1151203|| |Company|number|07974406|| |Registered|office|Pyramid
Arts Centre|| |||Palmyra Square South|| |||Warrington|| |||Cheshire|| |||WA1 1BL|| |Auditor||Mitchell Charlesworth|(Audit) Limited| |||3rd Floor|| |||5Temple Square|| |||Temple Street|| |||Liverpool|| |||Merseyside|| |||L2 SRH|| |Bankers||National
Westminster|Bank pic| |||23 Sankey Street|| |||Warrington|| |||Cheshire|| |||WA1 1XG|| |Solicitors||Mills gr Reeve LLP|| |||Bth Floor|| |||1New York Street|| |||Manchester|| |||M1 4AD|| ## ## ||||Page| |---|---|---|---| |Chairman's|statement||1-2| |Trustees'|report||3 - 13| |Independent
auditor's||report|14-17| |Statement|offinancial|activities|18| |Ba Iance sheet|||19| |Statement|ofcash flows||20| |Notes to|the financial|statements|21-37| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||funds|funds||funds|funds|| ||||||2023|2023|2023|2022|2022|2022| ||||Notes|||E|E|E|E|E| |Income from:||||||||||| |Donations
and|legacies||3|||||312,593||312,593| |Charitable
activities|||4||2,913,221||2,913,221|2,651,223|85,549|2,736,772| |Investments|||||9,995||9,995|206||206| |Totallncome|||||2,923,216||2,923,216|2,964,022|85,549|3,049,571| |Charitable
activities|||6||3,305,600|12,363|3,317,963|2,761,567|62,883|2,824,450| |Net (outgoing)/incoming||||||||||| |resources before||transfers|||(382,384)|(12,363)|(394,747)|202,455|22,666|225,121| |6ross transfers||||||||||| |between
funds|||||(217)|217||(21,893)|21,893|| |Net (expenditure)/income||||for||||||| |the year/||||||||||| |Net (outgoing)/incoming||||||||||| |resources|||||(3S2,601)|(12,146)|(394,747)|180,562|44,559|225,121| |Other recognised||gains|and|losses||||||| |Actuarial
gain on||||||||||| |defined
benefit||||||||||| |pension schemes|||||2,273,742||2,273,742|981,000||981,000| |Net movement|in funds||||1,891,141|(12,146)|1,878,995|1,161,562|44,559|1,206,121| |Fund balances|at|1April|2022||1,263,653|94,358|1,358,011|102,091|49,799|151,890| |Fund balances|at|31March||||||||| |2023|||||3,154,794|82,212|3,237,006|1,263,653|94,358|1,358,011| ## ## ## |||||2023||2022|| |---|---|---|---|---|---|---|---| ||||Notes|8||6|| |Fixed assets|||||||| |Tangible assets|||||121,459||112,122| |Current assets|||||||| |Stocks|||12|17,714||10,269|| |Debtors|||13|117,121||171,505|| |Cash at bank and in|hand|||2,175,704||2,089,588|| |||||2,310,539||2,271,362|| |Creditors: amounts|falling due within one||||||| |year|||14|(1,117,992)||(1,010,473)|| |Net current assets|||||1,192,547||1,260,889| |Total assets less current||liabilities|||1,314,006||1,373,011| |Net assets excluding|pension surplus/(deficit)||||1,314,006||1,373,011| |Defined benefit pension||surplus/(deficit)|15||1,923,000||(15,000)| |Net assets|||||3,237,006||1,358,011| |Income funds|||||||| |Restricted funds|||16||82,212||94,358| |Unrestricted
funds|||||||| |Designated
funds|||17|15,452||14,711|| |General unrestricted|funds|||1,216,342||1,263,942|| |Pension reserve||||1,923,000||(15,000)|| ||||||3,154,794||1,263,653| ||||||3,237,006||1,358,011| ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|||6|| |Cash flows from operating||activities||||||| |Cash generated
from operations||||21||110,154||510,514| |Investing|activities|||||||| |Purchase|oftangible fixed|assets|||(34,033)||(20,577)|| |Interest|received||||9,995||206|| |Net cash|used in investing|activities||||(24,038)||(20,371.)| |Net cash|used in financing|activities||||||| |Net increase
in cash and cash equivalents||||||86,116||490,143| |Cash and|cash equivalents|at beginning|ofyear|||2,089,588||1,599,445| |Cash and cash equivalents||at end ofyear||||2,175,704||2,089,588| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Total|Unrestricted| |---|---|---|---|---|---| ||||||funds| |||||2023|2022| |||||0|f| |Coronavirus|Job Retention||Scheme Grants||119,203| |Other Covid-19 support||grants|||193,390| ||||||312,593| ## ## ## |||Cultural|Museum|Venue &events|Total|Tote I| |---|---|---|---|---|---|---| |||ense&ament||management|2023|2022| ||||s|s||| |Museum
and|Art gallery|7,819|4,146|116|12,081|1,615| |Pyramid
and|Parr hall|3,454||1,323,534|1,326,988|1,100,659| |Facility hire||||181,520|181,520|156,181| |Culture engagement||1,412|879|7,011|9,302|26,973| |Commissions||61,824|575|(2,500)|59,899|127,920| |Education||14,416|||14,416|14,409| |Management|fee|1,309,015|||1,309,015|1,309,015| |||1,397,940|5,600|1,509,681|2,913,221|2,736,772| |Analysis
by fund||||||| |Unrestricted|funds|1,397,940|5,600|1,509,681|2,913,221|| |Forthe year|ended 31March 2022|||||| |Unrestricted|funds|1,399,635|1,133|1,250,455||2,651,223| |Restricted funds||73,007|42|12,500||85,549| |||1,472,642|1,175|1,262,955||2,736,772| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2023|2022| |E|6| |9,995|206| ## ## |||||Cultural|Museum|Venue and|Total|Cultural|Mltmum|venue and|Total| |---|---|---|---|---|---|---|---|---|---|---|---| |||||evmlts||Events|2023|4 ants||Evenm|2022| |||||||Management||||Management|| |||||2023|2023|2023||2022|2022|20M|| |||||6|E|||E|6|E|| |Staff sorts||||148,847|137,722|358,721|645,290|151,754|1D4,569|Z63,23D|519353| |Depreoation
end||mpa|rment|3.553|1,559|18346|23,458|3,959|1,559||23328| |Premises expenditure||||345|415|591,931|592,691|614|432|325.826|3262LTZ| |Artists and|event|fees||51,113|3,067|601,349|655329|88,511|759|545,180|634,450| |Spectrlx charges||||||31,877|31,377|||19,066|19,066| |Telephone|and comp||te|76||12,082|12,158|||6,869|6,869| |Printing and stationery||||638||501|1,139|695||139|834| |Advertising||||10||(7D)|(60I|1,000||11|1,011| |5 rdde||||1,989|93,749|6,742|202,430|2,133|95+30|8,109|105,772| |Purchases|and stocks|||3,116|(1,975)|115,719|116,860|||76,~61|76,461| |Legal costs||||30||41,226|41,256|3,133||34,267|37,4tnl| |Motor, travel and||entertainment||1563|22|1,407|2,992|324||1,652|LATE| |Equ pment|h re|||140||13+53|13,693|285||12,D13|12298| |lrltalast||||||29,369|29369|||19,964|19/64| |Carried forward||||211,4ZO|Z34,559|1,812,753|2,268,732|252,408|202,849|1,328,587|1,783,844| ## ## ## |6|Charitable|Charitable|actlvldes||||||||(Contlnuedf| |---|---|---|---|---|---|---|---|---|---|---|---| |||||Cultural|Museum|Venue and|Total|Cultural|Museum|Venue and|Total| |||||avahts||Evahts|2023|avahts||Evarrts|2022| |||||||Mahagemeht||||Management|| |||||2023|2023|2023||2022|2022|2022|| |||||E|E|6||6|6|6|| ||Broughtfohvard|||211,420|234,559|1,822,753|2,268,732|252,408|202,849|1,328,587|1,783,844| ||Sham of|support costs (see note 7)||216,085|202,171|606,608|1,024,864|280,238|199,550|537,889|1,017,676| ||Shen of|go|emsnce cmts (see note 7)|5,803|5,381|13,183|24,367|6,919|4,777|11,234|22,930| |||||433,308|442,111|2,442A44|3,317,963|539366|407,176|1,877,709|2,824,450| ||analysis|by lund|||||||||| ||Unrestricted||funds|~33,308|441,011|2,431,281|3,305,600|484,834|407,176|1,869,557|2,761,567| ||hestrlcted|funds|||1,100|11,263|12,363|54,731||8,152|62,883| |||||433,308|442,111|2,442,544|3,317,963|539/65|407,176|1,877,709|2,824,450| ## ## ## |Support costs|||||||| |---|---|---|---|---|---|---|---| |||Support costs|Governance|2023|2022|Basis ofallocation|| ||||costs||||| |Staff costs||543,069||543,069|537,793|Time spent|| |Depreciation||1,239||1,239|584||| |Advertising
and literature||49,534||49,534|31,403|Charitable|activity levels| |Professional fees||157,449||157,449|181,176|Operational|staff costs| |Telephone
and computer||65,241||65,241|64,292|Device numbers|| |Other centralsupport|costs|58,978||58,978|68,852|Operational|staff costs| |Irrecoverable
VAT||144,354||144,354|116,576|Charitable|activity levels| |Net interest cost on defined|||||||| |benefit pension scheme||5,000||5,000|17,000||| |Audit fees|||9,583|9,583|8,146|Governance|| |Legal and professional|||14,784|14,784|14,784|Governance|| |||1,024,864|24,367|1,049,231|1,040,606||| |Analysed
between|||||||| |Charitable
activities||1,024,864|24,367|1,049,231|1,040,606||| ## ## ## ## ## |The average|monthly
number ofemployees
during the year w|as:|| |---|---|---|---| |||2023|2022| |||Number|Number| |Management|and administration|2|3| |Operational|team|53|53| |||55|56| |Employment|costs|2023|2022| |||E|E| |Wages and salaries||792,528|668,015| |Social security costs||65,831|47,397| |Other pension costs||330,000|341,934| |||1,188,359|1,057,346| ## ## ## ## |11|Tangible Axed|assets|||||| |---|---|---|---|---|---|---|---| |||||Plant and|Fixtures and|computer|Total| |||||equipment|fittings|equipment|| ||Cost||||||| ||At 1April 2022|||144,940|30,299|68,125|243,364| ||Additions|||26,401|590|7,042|34,033| ||Disposals|||||(43,753)|(43,753)| ||At 31March 2023|||171,341|30,889|31,414|233,644| ||Depreciation|and Impairment|||||| ||At 1April 2022|||54,969|19,610|56,663|131,242| ||Depreciation|charged|in the year|17,195|2,976|4,525|24,696| ||Eliminated
in|respect|ofdisposals|||(43,753)|(43,753)| ||At 31March 2023|||72,164|22,586|17,435|112,185| ||Carrying
amount||||||| ||At 31March 2023|||99,177|8,303|13,979|121,459| ||At 31March 2022|||89,971|10,689|11,462|112,122| |12|Stocks||||||| |||||||2023|2022| ||Raw materials|and consumables||||17,714|10,269| |13|Debtors||||||| |||||||2023|2022| ||Amounts
falling due||within one year:|||E|E| ||Trade debtors|||||62,449|126,562| ||Prepayments|and accrued income||||54,672|44,943| |||||||117,121|171,505| ## ## ## ## |||2023|2022| |---|---|---|---| |||E|6| |Other taxation and social security||47,469|27,534| |Trade creditors||197,904|225,793| |Other creditors||26,769|44,128| |Accruals and deferred|income|845,850|713,018| |||1,117,992|1,010,473| ## ## |Key assumptions|||| |---|---|---|---| |||2023|2022| |||ss|| |Discount rate||4.75|2.75| |Expected rate ofIncrease of pensions|in payment|2.95|3.15| |Expected rate ofsalary increases||3.65|3.85| |The assu|med
life expectations
on retirement
at age 65are|.|| |---|---|---|---| |||2023|2022| |||Years|Years| |Retiring|today||| |- Males||20.9|21.2| |- Females||24.8|23.8| |Retiring|in 20years||| |- Males||21|22.1| |- Females||25.4|25.5| ## ## ## |15|Retirement
benefit schemes|Retirement
benefit schemes|||||(Continued)| |---|---|---|---|---|---|---|---| ||Amounts
recognised
in the profit and loss account;||||||| |||||||2023|2022| |||||||6|E| ||Current service cost|||||330,000|311,000| ||Net interest on defined|benefit liability/(asset)||||5,000|17,000| ||Other costs and income||||||7,000| ||Total costs|||||335,000|335,000| ||Amounts
taken to other|comprehensive|income;||||| |||||||2023|2022| |||||||E|E| ||Actual return
on scheme|assets||||593,000|(426,000)| ||Less: calculated
interest|element||||173,000|121,000| ||Return
on scheme assets excluding interest income|||||766,000|(305,000)| ||Actuarial
changes
related to obligations|||||(3,039,000)|(676,000)| ||The amounts
included|in the balance|sheet arising from the charity's|obligations|in||| ||respect of defined
benefit plans are as||follows:||||| |||||||2023|2022| |||||||6|E| ||Present value of defined|benefit obligations||||3,757,000|6,314,000| ||Fair value of plan assets|||||(5,680,000)|(6,299,000)| ||(Surplus)/deficit
in scheme|||||(1,923,000)|15,000| ||Movements
in the present value of defined benefit obligations:||||||| ||||||||2023| ||||||||E| ||Liabilities at 1April 2022||||||6,314,000| ||Current service cost||||||330,000| ||Benefits paid||||||(71,000)| ||Contributions
from scheme members||||||45,000| ||Actuarial
gains and losses||||||(3,039,000)| ||interest cost||||||178,000| ||At 31March 2023||||||3,757,000| ## ## ## |15|Retirement|benefit schemes|benefit schemes||||(Continued)| |---|---|---|---|---|---|---|---| ||Movements|in|the fair value of plan assets:||||| ||||||||2023| ||||||||E| ||Fair value of|assets at 1April 2022|||||6,299,000| ||Interestincome||||||173,000| ||Return on plan||assets (excluding amounts|included||in net interest)|(766,000)| ||Benefits paid||||||(71,000)| ||Contributions||by scheme members||||45,000| ||At 31March|2023|||||5,680,000| ||The fair value||of plan assets at the reporting||period|end was as follows:|| |The fair value of plan assets at the reporting
period end|was as follows:|| |---|---|---| ||2023|2022| ||E|E| |Equity instruments|2,727,000|2,645,000| |Debt instruments|2,045,000|2,583,000| |Property|738,000|693,000| |Cash|170,000|378,000| ||5,680,000|6,299,000| ## ## ## |||||Movement|ln funds|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||8 I|e mmtm|||9 h|~t|Dq|d lb||3|I|t| ||||IApdr 2021||||t Apel 1072|||||31m|d 1413|| ||||6|||||3||||||5| |N msmadc|||1,500|||||1$00||||||IAoo| |Geobl tr|||1,112|||||1,111||||||1,111| |Ready to borrow|||7,599||(1,128)|||6,471||(1,128)||||5,343| |ContamponryAns||||28,928|(50,721)|21,893||||||||| |Weston Loan|Progmmme||1283|||||1,283||||||1,283| |Colonel Edelsten||Bequest|21,478|47,683|(4,918)||64,243|||(6,668)|||57,575|| |Meeting Point|||6400|||||6,50D||||||6,500| |Peter Roge son Bequew|||10,000||||10,0M|||(1,1DD)||||8,900| |Local Growth|Fund||328|9,039|(6,117)|||3,250||(3,467)|217|||| ||||49,799|gs,sso|(62,884)|11,893|94,358|||(12,363)|217||82,212|| ## ## ## ## ## |||||Balance at|Transfers|Balance at|Transfers|Balance at| |---|---|---|---|---|---|---|---|---| ||||1|Aprfl 2021||1April 2022||31Mar«h 2023| |||||||E|E|E| |Car|park|fund||14,093|618|14,711|741|15,452| |||||14,093|618|14,711|741|15,452| |18|Analysis of net assets between|funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||2023|2023|2023|2022|2022|2022| |||E|E|E|E|E|E| ||Fund balances at 31||||||| ||March 2023 are||||||| ||represented
by:||||||| ||Tangible assets|58,541|62,918|121,459|38,159|73,963|112,122| ||Current assets/(liabilities)|1,173,253|19,294|1,192,547|1,240,494|20,395|1,260,889| ||Provisions
and||||||| ||pensions|1,923,000||1,923,000|(15,000)||(15,000)| |||3,154,794|82,212|3,237,006|1,263,653|94,358|1,358,011| |2023|2022| |---|---| |E|E| ||3,662| ## ## ## |21|Cash generated
from operations||||2023|2022| |---|---|---|---|---|---|---| ||||||6|6| ||Surplus for the year||||(394,747)|225,121| ||Ad)ustments
for:|||||| ||Finance lease interest|||||| ||Investment
income recognised
in statement||offinancial|activities|(9,995)|(206)| ||Depreciation
and impairment
oftangible|fixed assets|||24,697|21,902| ||Difference between
pension charge and|cash|contributions||335,742|335,000| ||Movements
in working capital:|||||| ||(Increase)in
stocks||||(7,445)|(9,210)| ||Decrease/(increase)In
debtors||||54,383|(36,415)| ||Increase/(decrease)in
creditors||||107,519|(25,678)| ||Cash generated
from operations||||110,154|510,514| |22|Analysis ofchanges in net funds|||||| ||The charity had no debt during the year.||||||