2023-03-31-accounts - Radstock Museum

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for the year	ended 31	March 2	023
			Notes	Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
				6	6	8	F
Income:
Donations and legacies				8,521	5,000	13,521	5,151
Income from	charitable	activities			13,500	13,500	8,434
Other trading	activities			32,427	(640)	31,787	34,471
Investment income				216		216	175
Total income				41 164	17,860	59,024	48,231
Expenditure
Raising funds				7,366		7,366	3,577
Charitable activities				34,773	28,825	63,598	49,735
Total expenditure				42,139	28,825	70,964	53,312
Net expenditure				(975)	(10,965)	(11,940)	(5,081)
Gains/(losses)	on investment
assets				(165)		(165)	7,284
Net movement	in funds			(1,140)	(10,965)	(12,105)	2,203
Reconciliation	offunds
Total Funds brought forward				183,223	697,552	880,775	878,572
Total Funds carried forward				182083	686587	868 670	880 775

as at31March 2	023
		Notes		2023
				2
Fixed assets
Tangible assets				669,457		684,914
Inveslments				101.592		102,368
Current assets				771.049		787,282
Stocks			5,790		5,235
Debtors Cash at bank end in	hand		3,946 89,147		4,145 84,145
			98,883		93,525
Creditors: amounts	falgng due
within one year			('1,282)		(32)
Net current assets				9/,621		93,493
Total assets less current
liabilities				868,670		880,775
Nst assets				868,670		880,775
Funds
Unrestricted funds Restricted funds				182,083 686,587		1S3,223 697,552
Total Funds				868 678		8~80775

for the year ended 31	March 2023
			Notes	2023	2022
				8
Cash used in operating	activities		12	5,002	11,267
Net increase in cash				5,002	11,267
Cash at bank and in hand	less overdrafis	at 1 April		84,145	72,878
Cash at bank and in hand less overdrafts at 31 March				89,147	84,145
Consisting of:
Cash at bank and in hand				89,147	84,145
				89,147	84,145

Freehold	property	-1.5%on cost
Fixtures	and equipment	- 15%on reducing	balance
Fixtures	and fittings	- 5%on reducing	balance

	Pensions	Pensions
	The company operates		a defined		contribution	pension	scheme.		Contributions		are charged		to the
	income and expenditure		account		as they become payable			in	accordance		with the rules		of the
	scheme.
2	Income				Unrestricted		Restricted				Total		Total
						f			f		2023f		2022f
	Donations and legacies
	Donations					8,521		5,000			13,521		5,151
	Total donations and legacies					8,521		5,000			13,521		5,151
	Income from charitable		activities
	Grants							13,500			13,500		8,434
	Total income from	charitable		activities				13500			13500		8434
	Other trading activities
	Shop income					8,277					8,277		5,850
	Tea room income					4,078					4,078		166
	Entrance fees					17,486			(850)		16,636		8,789
	Journal publishing					1,687					1,687		3,075
	Room hire
	Talks service					805					805		109
	Research income					94			210		304		133
	Other income												16,305
	Total other trading	activities				32 427	~040				31 707		34471
	Investment income
	Income from listed	investment				216					216		175
						216					216		175
	Total Income					41 164		17,860		59,024		46,231

3	Analysis of Expenditure		Unrestricted	Restricted	Total	Total
					2023	2022
					6	6
	Other trading expenses		7,366		7,366	3,577
	Charitable activities		1,561	14,647	16,208	15,951
	Management support costs		31,130	14,178	45,308	31,668
	Governance costs		2,082		2,082	2,116
	Total expenditure		42,139	28,825	19994	53312
					2023	2022
4	Net Income/(Expenditure)				6	6
	Net income/(expenditure)	is stated	after charging:
	Depreciation -owned assets				15,457	15,701
	Other operating leases				408	358

fo	r the year ended 31 March 2023	r the year ended 31 March 2023
6	Tangible Fixed Assets		Freehold		Fixtures	&	Fixtures &	Totals
			property		equipment		fittings
				E		E	E	E
	Cost
	At 1 April 2022 and	31 March 2023	893	567	64 302		200434	1 158303
	Depreciation
	At 1 April 2022		273,772		61,311		138,306	473,389
	Charge for the year		11,903		448		3,106	15,457
	At 31 March 2023		285	675	61 759		141412	488 846
	Net BookValue
	At 31 March 2023		607,892		2,543		59,022	669,457
	At 31 March 2022		619,795		2,991		62128	684914
7	Fixed Asset Investments							Listed
								Investments
								E
	Market Value
	At 1 April 2022							102,368
	Income - dividends	and interest						216
	Management charges							(827)
	Revaluation							(165)
	At 31 March 2023							101,592
8	Debtors						2023	2022
							E	E
	Trade debtors						742	832
	VAT							104
	Prepayments and accrued income						3,204	3,208
							3,946	4,144
9	Creditors: amounts	falling due within one year					2023	2022
							E	E
	Trade creditors						601	32
	Social security and other taxes						411
	Accrued expenses						250
							1,262	32

for	the year ended 31 March 2023	the year ended 31 March 2023	the year ended 31 March 2023
10	Operating Lease Commitments						2023f	2022f
	The following operating		lease payments	are committed	to be paid
	within one year:
	Expiring:
	Between one and five years						408	358
	Movement in funds
				1st April	Received	in	Utilised in	Balance	31st March
				2022 f	year		yearf	transfers f	2023
	Unrestricted funds
	Designated funds
	Grade 2 Listed building		refurbishment	60,000					60,000
	General Fund			123,223	41,164		(42,304)		122,083
				183,223	41,164		~42,364)		182,083
	Restricted funds
	Freehold land			100,000					100,000
	Freehold buildings			519,790			(11,903)		507,887
	Fixtures and equipment			493			(130)		363
	Fixtures and fittings			50,222			(2,612)		47,610
	Wessex			266					266
	Somer Valley			337					337
	Friends of Radstock	Museum		573					573
	Wesffield Parish Council			327					327
	Cottle			69			(69)
	StJohns			12,400			(930)		11,470
	Thatcher & Hallam			803					803
	Midsomer Norton town council			360					360
	Faiifield Trust			2,447			(1,071)		1,376
	Big Local Fund - Night Silencing			221					221
	Co-Op			2,469					2,469
	Radco			1,725					1,725
	Radstock Town Council			181	950		(181)		950
	Harker			4,850					4,850
	Radstock Museum	Society		19	5,200		(5,219)
	Swift				5,000				5,000
	Hebron Medlock				5,000		(5,000)
	Bath and North East Somerset Council				1,210		(1,210)
	WPC				500		(500)
				697,552	17,860		(28,825		686,587

Reconciliation of	net movem	ent in funds to net cash f	low from operating activities
			2023	2022
			5
Nei Movement in funds			(12,105)	2,203
Adjustments for:
Depreciation			15,457	15,702
Movements on investment			776	(6,405)
(Increase)/Decrease	in Stock		(555)	282
(Increase)/Decrease	in debtors		199	(913)
Increase/(Decrease)	in creditors		1,230	398
Net Cash used in	operating	activities	5,002	11,267

for the year end	ed 31 March 2023
		2023	2022
		6	6
Income and Endowments
Donations and legacies
Donations		11,918	2,632
Gift aid		1,603	2,519
		13,521	5,151
Other trading activities
Shop income		8,277	5,850
Tea room income		4,078	166
Entrance fees		16,636	8,789
Journal publishing		1,687	3,075
Room hire			44
Talks service		805	109
Research income		304	133
Local Authority Covid-19 relief grants			16,305
		31,787	34,471
Investment Income
Income from listed	investment	216	175
		216	175
Charitable activities
Grants received
HMRC CJRS Scheme			2,809
Harker			4,850
Radstock Museum	Society	5,200	118
Radstock Town Council		1,800
Friends ofRadstock	Museum		657
Hebron Medlock		5,000
BANES		1,000
WPC		500
		13,500	8,434
Total incoming resources		59,024	48,231

for the year ended 3	1 March 2023
		2023	2022
		6	F
Expenditure
Other trading activities
Shop expenses		4,112	2,485
Tea room expenses		2,148	210
Journal publishing		1,106	882
		7,366	3,577
Charitable activities
Conservation ofartefacts		751	250
Land and buildings - depreciation		11,903	11,903
Fixtures and equipment	-depreciation	448	529
Fixtures and fittings - depreciation		3,106	3,269
		16,208	15,951
Support costs
Management
Salaries and wages		17,674	13,248
Leased equipment		408	358
Water rates		270	(14)
Insurance		3,499	3,431
Light and heat		5,465	4,384
Telephone and internet		553	565
Post, printing and stationery		655	236
Sundries		3,136	179
Repairs and maintenance		9,697	5,133
Exhibition costs		1,203	1,868
Bank charges		374	277
Cleaning expenses		2,129	1,793
Pension costs		245	210
		45,308	31,668
Governance costs
Investment management		1,190	1,066
Independent examination	fees	250	250
Accountancy and legal fees		642	800
		2,082	2,116
Total resources expended		70,964	53,312
Net deficit		(11,940)	(5,081)