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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||Fund|Fund|Funds|Fund|Fund|Funds|
||||||2023|||2022|
|||Note|F'000|E'000|F'000|L'000|F.'000|f.'000|
|Income from:|||||||||
|Donations
and legacies|||12||12|21||21|
|Charitable
activities|||3,096|167|3,263|3,107|1,306|4,413|
|Other trading
activities|||466||466|407|-|407|
|Total Income|||3,574|167|3,741|3,535|1,306|4,841|
|Expenditure
on:|||||||||
|Raising funds|||(280)|—|(280)|(203)|-|(203)|
|Charitable
activities|||(3,648)|(1,250)|(4,898)|(3,477)|(1,803)|(5,280)|
|Total expenditure||4|(3,928)|(1,250)|(5,178)|(3,680)|(1,803)|(5,483)|
|Net income I(expenditure)|||(354)|(1,083)|(1,437)|(145)|(497)|(642)|
|Transfers between|Funds||(39)|39|||||
||||(393)|(1,044)|(1,437)|(145)|(497)|(642)|
|Other recognised|gains and losses:||||||||
|Actuarial
gain I (loss) on defined|||||||||
|benefit pension scheme||14|4,375||4,375|2,460||2,460|
|Net movement
in|funds||3,982|(1,044)|2,938|2,315|(497)|1,818|
|Reconciliation
of|funds:||||||||
|Funds at 1 April 2022|||(2,214)|4,028|1,814|(4,529)|4,525|(4)|
|Funds at 31 March|2023||1,768|2,984|4,752|(2,214)|4,028|1,814|
##
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##
||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note|5'000|5'000|5'000|E'000|
|FIXEDASSETS.'||||||||
|Tangible assets|||||3,075||4,032|
|Investments||||||||
||||||3,075||4,032|
|CURRENT ASSETS:||||||||
|Stocks|||10|112||44||
|Debtors|||11|152||425||
|Cash at bank and in hand||||1,244||1,195||
|||||1,508||1,673||
|CREDITORS:||||||||
|Amounts
falling due within one||year|12|(389)||(455)||
|NET CURRENT ASSETS|||||1,119||1,209|
|Net assets excluding|pension|liability|||4,194||5,241|
|Defined benefit pension|scheme||14||558||(3,427)|
|NET ASSETS INCLUDING PENSION SCHEME|||LIABILITY||4,752||1,814|
|RESERVES:||||||||
|Restdicted funds|||13||2,984||4,028|
|Unrestricted
funds|||||1,210||1,213|
|Pension funds|||14||558||(3,427)|
||||||1,768||(2,214)|
|Total Funds|||||4,752||1,814|
##
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Note||2'000|E'000|
|Cashflows
fmm operating|activities:|||||||
|Net cash provided
by I(used in) operating||activities||21||164|510|
|Cashflows
from investing|activities:|||||||
|Purchase oftangible
fixed assets||||||(115)|(187)|
|Net cash used in investing|activities|||||(115)|(187)|
|Cashflowe fmm financing|activities:|||||||
|Repayments
ofborrowings|||||||(59)|
|Net cash used in financing|activities||||||(59)|
|Change
in cash and cash equivalents||in the|year|||49|264|
|Cash and cash equivalents|at the beginning||ofthe|year||1,195|931|
|Cash and cash equivalents|at the end|ofthe|year|||1,244|1,195|
|Analysis ofcash and cash|equivalents|||||||
|||||||2023|2022|
|||||||5'000|5'000|
|Cash at bank and
in hand||||||1,244|1,195|
|Total cash and cash equivalents||||||1,244|1,195|
|Analysis ofchanges
in net debt||||||||
||||||1 April 2022|Cashfiows 31 March 2023||
||||||f.'000|f.'000|f.'000|
|Cash and Cash Equivalents|||||1,195|49|1,244|
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##
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Fund|Funds|Fund|Fund|Funds|
|||||||2023|||2022|
|||||F'000|E'000|E'000|E'000|E'000|E'000|
|Coventry|City Council||Funding|1,976||1,976|1,975|373|2,348|
|Arts Council||England|Funding|407||407|407|671|1,078|
|Admissions||Income||422||422|342||342|
|Other Income||||291|167|458|383|262|645|
|||||3,096|167|3,263|3,107|1,306|4,413|
##
|3.INCOME F|ROM TRADING ACTI|VITIES||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||Fund|Fund|Funds|Fund|Fund|Funds|
|||||2023|||2022|
|||F'000|E'000|E.'000|E'000|E'000|F'000|
|Conferencing|and Room Hire|67||67|98||98|
|Cafe||191||191|188||188|
|Shop Sales||164||164|89||89|
|Other Income||44||44|32||32|
|||466||466|407||407|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|2023|2022|
|||E'000|E'000|E'000|E'000|F'000|
|Costs ofraising funds||105||175|280|203|
|Charitable|activities:||||||
|Direct costs||2,185|||2,185|2,474|
|Allocated|support costs||1,072|1,641|2,713|2,806|
|||2,290|1,072|1,816|5,178|5,483|
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E'000|E'000|
|Allocated support|costs:|||||||
|Heat and light||||||361|195|
|Advertising
and promotions||||||343|840|
|Travel and subsistence||||||4|20|
|Printing
and stationery||||||12|29|
|Computer costs||||||46|63|
|Telephone||||||9|6|
|Insurance||||||44|39|
|Vehicle Storage||||||130|121|
|Repairs and maintenance||||||157|158|
|Depreciation||||||1,072|1,062|
|Other expenditure||||||495|243|
|Governance
costs||||||40|30|
|||||||2,713|2,806|
|5.NET EXPENDITURE FOR THE YEAR||||||||
|||||||2023|2022|
|||||||F'000|F'000|
|Net expenditure
for the year is stated after charging:||||||||
|Depreciation
and|amounts||written offtangible|fixed|assets:|||
|Charge for period:||||||||
|Owned assets||||||1,072|1,063|
|Operating
lease rentals:||||||||
|Land and buildings||||||125|125|
|Auditors'
remuneration:||||||||
|Statutory
audit||||||20|19|
|Accountancy
services||||||2|2|
|6.EMPLOYEES||||||||
|||||||2023|2022|
|||||||No.|No.|
|The average
monthly||number ofpersons employed|||duding the year was:|||
|Total staff (actual|/ full|time|equivalent)|||78/67|88/67|
|||||||2023|2022|
|Staffcosts for the|above persons:|||||E000|E000|
|Wages and salaries||||||1,666|1,831|
|Social security costs||||||116|94|
|Pension costs||||||508|640|
|||||||2,290|2,565|
##
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##
##
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##
|2023|2022|
|---|---|
|B000|B000|
##
|||2023|2022|
|---|---|---|---|
|||F'000|F'000|
|Shop|stock|112|44|
##
|||2023|2022|
|---|---|---|---|
|||6'000|E'000|
|Trade debtors||57|33|
|Prepayments|and accrued income|79|147|
|Other debtors||16|245|
|||152|425|
##
|||2023|2022|
|---|---|---|---|
|||BOOO|P.OOO|
|Trade creditors||230|244|
|Other taxation and social security||69|77|
|Accruals and deferred|income|77|115|
|Other Creditors||13|19|
|||389|455|
##
##
##
##
##
|12.CREDITORS (conti|12.CREDITORS (conti|nued)||||
|---|---|---|---|---|---|
|Analysis ofmovements||in deferred|income:|||
|||||2023|2022|
|||||F'000|P000|
|1 April 2022||||75|85|
|Income released|in year|||(75)|(85)|
|Income deferred|in year||||75|
|31 March 2023|||||75|
##
|||||Balance||||Balance|
|---|---|---|---|---|---|---|---|---|
|||||31 March|Income|Expenditure|Transfers|31 March|
|||||2022||||2023|
|||||F'000|5'000|5'000|E'000|5'000|
|Donations|and grants|||163|167|(271)|11|70|
|Arts Council England||||274|||(274)||
|Heritage|Lottery Funding/|European|Regional||||||
|Development
Fund Refurbishment||||2,507||(832)||1,675|
|Gallery Refurbishment||||1,084||(147)|302|1,239|
|||||4,028|167|(1,250)|39|2,984|
##
##
##
##
|14.PENS|ION FUND|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||F'000|F'000|
|1 April 2022||||(3,427)|(5,372)|
|(Charge)|Icredit in the year|||(485)|(599)|
|Actuarial|gain on defined
benefit pension scheme|||4,375|2,460|
|Reversal|ofitems relating to retirement|benefits included|in|||
|the Statement ofFinancial Activities||||95|84|
|31 March|2023|||558|(3,427)|
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||Fund|Fund|Funds|Fund|Fund|Funds|
||||||2023|||2022|
||||F.'000|6'000|B000|6'000|B000|8000|
|Tangible|fixed assets||210|2,865|3,075|208|3,824|4,032|
|Current|assels||1,389|119|1,508|1,460|204|1,664|
|Current|liabilities||(389)||(389)|(455)||(455)|
|Long term liabilities|||||||||
|Defined|benefit pension scheme|liability|558||558|(3,427)||(3,427)|
|Net assets I(liabilities)|||1,768|2,984|4,752|(2,214)|4,028|1,814|
##
##
##
##
##
##
|The maj|or financ|ial assum|ptio|ns
used by the actuary were:||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Rate of|increase|in salaries||||3.95|4.20|
|Rate of|increase|or pensions||in payment||2.95|3.20|
|Discount|rate|||||4.75|2.70|
|The Mortality assumptions|||used in the valuation ofthe pension||liabilities were:|||
|||||||2023|2022|
|Post retirement||mortality|assumptions:|||||
|Retiring|today|||||||
|Males||||||20.4|21.2|
|Females||||||23.2|23.6|
|Retiding|in 20years|||||||
|Males||||||21.7|22.9|
|Females||||||25.1|25.4|
##
##
##
##
##
|return at the balance, sh|eet date we|re:||||
|---|---|---|---|---|---|
|||||Fair value:||
|||||2023|2022|
|||||E'000|E'000|
|Equities||||11,986|11,692|
|Bonds||||3,878|3,839|
|Property||||1,234|1,222|
|Cash||||529|698|
|Total fair value ofassets||||17,627|17,450|
|Present value ofscheme|liabilities|||(13,787)|(20,877)|
|Net pension asset / (liability) before||unrecognised|surplus|3,840|(3,427)|
|Unrecognised
surplus
due toasset ceiling||||(3,282)||
|Net pension asset / (liability)||||558|(3,427)|
|||||2023|2022|
|||||E'000|E'000|
|Changes
in present value ofthe defined benefit obligations:||||||
|Opening
defined benefit|obligation|||20,877|21,733|
|Current service cost||||389|488|
|Interest cost||||564|436|
|Contributions
by scheme|participants|||79|50|
|Change
in financial assumptions||||(7,312)|(1,370)|
|Change
in demographic|assumptions|||(351)|(123)|
|Experience loss / (gain)|on defined|benefit obligation||(60)|45|
|Benefits paid||||(399)|(382)|
|Closing defined
benefit obligation||||13,787|20,877|
##
##
##
##
|16.PENSIONS AND P|OST|-RETIREMENT|BENEFITS (continued|)|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E000|E'000|
|Changes
in the fair value||of plan assets:|||||
|Opening
plan assets|||||17,450|16,361|
|Interest on assets|||||468|325|
|Return on assets excluding||interest|||(562)|1,012|
|Experience loss / (gain) on||defined benefit|obligation||496||
|Contributions
by employer|||||95|84|
|Contributions
by scheme parficipants|||||79|50|
|Benefits paid|||||(399)|(382)|
|Closing plan assets|||||17,627|17,450|
||||||2023|2022|
||||||E'000|E'000|
|Analysis ofactuarial|loss|on defined benefit pension scheme:|||||
|Return on fund assets|exduding
interest||||(562)|1,012|
|Other actuarial gains
/|(losses) on asset||||496||
|Change
in financial assumptions|||||7,312|1,370|
|Change
in demographic|assumptions||||351|123|
|Experience loss / (gain) on||defined benefit|obligation||60|(45)|
|Eifects ofchanges
in the amount ofsurplus|||not recoverable - gain|/ (loss)|(3,282)||
|Actuarial
loss|||||4,375|2,460|
||||||2023|2022|
||||||E'000|E000|
|Analysis ofamounts|charged to Statement ofFinancial Activities:||||||
|Current service cost &|post|service cost|||389|488|
|Net interest on the defined||liability|||96|111|
||||||485|599|
##
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##
##
##
##
|18.COM|MITMENTS
UNDER|OPERATING||LEASES||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F'000|E000|
|At 31 March 2023the Charity||had total future||minimum|lease|||
|payments|under non-cancellable
operating||leases as||follows:|||
|Plant and|machinery:|||||||
|Amounts|due within 12months|||||||
|Amounts|due between 2 and 5years|||||||
|Land and|buildings:|||||||
|Amounts|due within 12months|||||125|125|
|Amounts|due between 2 and 5years|||||375|500|
|Amounts|due aRer more than|5years||||||
|||||||500|625|
##
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##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E'000|E000|
|Net (expenditure)|/ income for the year||as per|||
|the Statement of|Financial Activities|||(1,437)|(642)|
|Adjustments
for:||||||
|Depreciation||||1,072|1,063|
|FRS102pension|adjustments|||390|515|
|(Increase)
/ decrease||in stocks||(68)|12|
|(Increase)
/ decrease||in debtors||273|(156)|
|Increase
/ (decrease)||in creditors||(66)|(282)|
|Net cash provided|by|/ used in operating|activities|164|510|
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||P000|E'000|
|Financial|assets:||||||
|Debt instruments||measured||at amortised cost|73|278|
|Financial|liabilities:||||||
|Measured|at amortised||cost||320|359|
##
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