2022-01-31-accounts - Keswick Museum And Art Gallery Management Limited

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Keswick Museum and Art Gallery II/lanage	Keswick Museum and Art Gallery II/lanage	ment Ltd
Statement of Financial Activities
forthe year ended
31January2022		31	January 2022		31January 2021
	Notes	Unrestricted	Restricted	Total	Total
INCOII/IE
Donations and legacies
Donations and gifts		9,826		9,826	12,988
Legacies receivable
Grants receivable	4	49,365	166,227	215,592	140,498
Income from charitable	activities
Museum Activites		28,931		28,931	14,700
Other trading activities
Trading income Income from investments	6	29,142 7		29,142 7	33,566 1,565
Total income		117,271	166,227	283,498	203,317
EXPENDITURE
Costs of raising funds
Fundraising costs	7	6,075		6,075	7,075
Expenditure in charitable	activities
Charitable activities	8	86,290	115,954	202,244	218,858
Total expenditure		92,365	115,954	208,319	225,933
Net income /(expenditure) and investments	before transfer	24,906	50,273	75,179	(22,616)
Net gains/(losses on investments)					(8,966)
Net movement offunds before transfers		24,906	50,273	75,179	(31,582)
Transfers between funds		39,013	(39,013)
Net movement offunds		63,919	11,260	75,179	(31,582)
Total funds brought forward		76,814	7,089	83,903	115,485
Total funds carried forward	15	140,733	18,349	159,082	83,903

Keswick Museum and Art Gallery Managemen	Keswick Museum and Art Gallery Managemen	t Ltd
Statement of Financial Activities
for the year ended
31January 2021		31	January 2021
		Unrestricted	Restricted	Total
INCOME
Donations and legacies
Donations and gifts		10,443		10,443
Legacies receivable
Grants receivable		70,845	69,653	140,498
Income from charitable	activities
Museum Activites		17,245		17,245
Other trading activities
Fundraising
Trading income		33,566		33,566
Income from investments		1,565		1,565
Total income		133,664	69,653	203,317
EXPENDITURE
Costs of raising funds
Fundraising costs		7,075		7,075
Expenditure in charitable	activities
Charitable activities		114,282	104,576	218,858
Total expenditure		121,357	104,576	225,933
Net income / (expenditure)	before transfers	12,307	(34,923)	(22,616)
and investments
Net gains/(losses on investments)		(8,966)		(8,966)
Net movement offunds before transfers		3,341	(34,923)	(31,582)
Transfers between funds		(2,987)	2,987
Net movement offunds		354	(31,936)	(31,582)
Total funds brought forward		76,460	39,025	115,485
Total funds carried forward		76,814	7,089	83,903

Keswick Museum	and Art	and Art	and Art	Gallery Management	Gallery Management
Statement of Finanical			Position
as at
31 January 2022
					Notes	31 January 6	2022 f	31January 6	2021 f
Fixed Assets
Tangible fixed assets
Current Assets
Stock						3,627		4,299
Debtors					12	2,087		18,925
Cash at bank and	in	hand				169,169		67,255
						174,883		90,479
Creditors: amounts		falling		due	within one year
Creditors and accruals					13	15,801		6,576
Net Current Assets							159,082		83,903
Total Assets less	Current			Liabilities			159,082		83,903
NET ASSETS							159,082		83,903
Funds
Unrestricted funds					14		49,947		76,814
Designated funds					14		90,786
Restricted funds					14		18,349		7,089
					15		159,082		83,903

1 J	anuary 2022
		31	January	2022
		Unrestricted 6	Restricted f		Total	31 January 2021 8
3	Donations
	Sundry Donations	3,289			3,289	4,775
	Friends Donations	3,382			3,382	5,668
	Gift Aid	3,155			3,155	2,545
		9,826			9,826	12,988
4	Grants receivable
	Allerdafe Borough Council	35,656			35,656	37,807
	JRS Grant Support	12,099			12,099	33,038
	Arts Council Dive Into Derwentwater					1,500
	Arts Council UNESCO					675
	MDNW Rapid Reopening	1,610			1,610
	MDNW Volunteering			7,500	7,500
	HLF 2020 Exhibitions					39,160
	NHLF Evolving Exhibition		24,000		24,000
	ACE COVID Support Grant		134,727		134,727	28,318
		49,365	166,227		215,592	140,498
5	Museum Activites
	Admission Charges	25,205			25,205	11,333
	Room Hire	1,405			1,405	1,300
	Education	2,321			2,321	2,067
		28,931			28,931	14,700
6	Trading income
	Retail Sales	11,258			11,258	5,386
	Catering Franchise	17,884			17,884	28,180
		29,142			29,142	33,566
7	Costs ofraising funds
	Trading Expenses
	Cost ofSales	6,075			6,075	3,354
	Fundraising Audit					3,721
		6,075			6,075	7,075

				31 January 2022
			Unrestrictec	Restricted F	Total f	31 January 2021
8	Charitable	activities
	Exhibition	and Project Costs	3,276	21,997	25,273	105,456
	Staff costs		45,215	62,719	107,934	76,447
	Administration		7,932	4,472	12,404	4,124
	Marketing	and Advertising	7,107	9,784	16,891	2,380
	Premises	and other costs	21,252	15,254	36,506	27,098
	Interest and charges		308	528	836	953
	Legal and	professional	1,200	1,200	2,400	2,400
			86,290	115,954	202,244	218,858
9	Employee	Remuneration	31 January 2022 f			31 January 2021 f
	Staff costs
		Wages		106,427		75,876
		Travel		601		78
		Recruitment				45
		Staff training		906		448
				107,934		76,447

31	January	2022	31	January 2021
	No.			No.

					Computer	Fixtures 8	Fixtures 8
					Equipment f	Fittings f		Total 5
	COST
	At	1 February	2021		1,410			1,410
	Additions
	At	31 January	2022		1,410			1,410
	DEPRECIATION
	At	1 February	2021		(1,410)			(1,410)
	Charge for year
	At	31 January	2022		(1,410)			(1,410)
	NET	BOOK VALUE
	At	31January	2022
	At	31January	2021
12	Debtors					31 January 2022		31 January 2021
						6
	Trade	debtors					133	1,014
	Other	debtors					89	16,092
	Prepayments					1,865		1,819
						2,087		18,925
13	Creditors: amounts			falling due within one year
						31 January 2022		31 January 2021
						F		f
		Trade creditors				10,979		2,031
		Other taxation		8 social security		2,	155	1,878
		Accruals
		Deferred income				2,667		2,667
						15,801		6,576

31	January 2022
14	Funds		At	Incoming	Outgoing		At
			1 February				31 January
			2021	Resources	Resources	Transfers	2022
	Projects &Restricted funds		6	6	f	8	5
	MDNVV Volunteering			7,500			7,500
	HLF 2020 Exhibitions		7,089	0	(10,967)		(3,878)
	ACE COVID Recovery			134,727	(97,529)	(39,013)	(1,815)
	NHLF Evolving Exhibiion			24,000	(7,458)		16,542
	Total Restricted Funds		7,089	166,227	(115,954)	(39,013)	18,349
	General Funds		25,041	117,271	(92,365)		49,947
	Designated Funds
	Refurbishment Reserve		17,454				17,454
	Investment Reserve		34,319				34,319
	Cultural Recovery Fund Reserves					39,013	39,013
	Total Designated Funds		51,773				90,786
	Total Unrestricted Funds		76,814	117,271	92,365		140,733
	Total Funds		83,903	283,498	(208,319)	(39,013)	159,082
Funds Comparative at 31January		2021
			At	Incoming	Outgoing		At
			1 February				31 January
			2020	Resources	Resources	Transfers	2021
	Projects 8 Restricted funds		6	5	f		7
	Dive Into Derwentwater		(3,997)	1,500		2,497
	HLF 2020 Exhibitions		44,187	39,160	{76,258)		7,089
	Arts Council UNESCO		(1,165)	675		490
	ACE COVID Recovery			28,318	(28,318)
	Total Restricted Funds		39,025	69,653	(104,576)	2,987	7,089
	General Funds		20,521	133,664	(121,357)	(7,787)	25,041
	Designated funds
	Refurbishment reserve		12,654			4,800	17,454
	Investment reserve		43,285	(8,966)			34,319
	Total Designated Funds		55,939	(8,966)		4,800	51,773
	Total Unrestricted Funds		76,460	124,698	(121,357)	0	76,814
	Total Funds		115,485	194,351	(225,933)	2,987	83,903
				Page	15

31J	anuary 2022
15	Net Assets by fund		Restricted 6	Unrestricted f	Designated 6	Total 6
	Tangible fixed assets
	Current assets		18,349	65,748	90,786	174,883
	Creditors: amounts	falling due		(15,801)		(15,801)
	within one year
	Total net assets		18,349	49,947	90,786	159,082
Net	Assets by fund Comparative		at 31January 2021
			Restricted	Unrestricted	Designated	Total
			6		6
	Tangible fixed assets
	Current assets		7,089	31,617	51,773	90,479
	Creditors: amounts	falling due		(6,576)		(6,576)
	within one year
	Total net assets		7,089	25,041	51,773	83,903

31 Janu	ary	2022
			31January 2022		31January 2021
INCOME
Donations		and Legacies
Donations		and gifts
		Sundry Donations	3,289		4,775
		Friends Donations	3,382		5,668
		Gift Aid	3,155		2,545
				9,826	12,988
Grants	receivable
		Allerdale Borough Council	35,656		37,807
		JRS Grant Support	12,099		33,038
		Arts Council Dive Into Derwentwater			1,500
		Arts Council UNESCO			675
		MDNW Rapid Reopening	1,610
		IvIDNW Volunteering	7,500
		HLF 2020 Exhibitions			39,160
		NHLF Evolving Exhibition	24,000
		ACE COVID Support Grant	134,727		28,318
				215,592	140,498
Income	from charitable activities
Museum	Activites
		Admission Charges	25,205		11,333
		Room Hire	1,405		1,300
		Education	2,321		2,067
				28,931	14,700
Other trading activites
Trading	income
		Retail Sales	11,258		5,386
		Catering Franchise	17,884		28,180
				29,142	33,566
Investment		income
		Dividend income			1,087
		Bank interest received			478
					1,565
Total income				283,498	203,317

Keswick	Museum and Art Gallery	Museum and Art Gallery	Museum and Art Gallery	Management
Income and Expenditure		Account
for the year ended
31January 2022
					31 January 2022 f	31January 2021 f
Income,	brought forward				283,498	203,317
Expenditure
Costs of	raising funds
Trading Expenses
	Cost ofSales				6,075	3,354
	Fundraising Audit					3,721
					6,075	7,075
Exhibition	and Project Costs
	Curator costs				478	868
	General exhibition		costs		2,090
	Learning costs				2,773	12
	MDNW Rapid Reopening				1,507
	NHLF Evolving	Exhibtions costs			7,458
	HLF 2020 Exhibitions costs				10,967	76,258
	ACE CQVID Recovery costs					28,318
Staff costs					25,273	105,456
	Wages				106,427	75,876
	Travel				601	78
	Recruitment					45
	Staff training				906	448
Administration					107,934	76,447
	Stationery and computer			supplies	8,278	2,518
	Postage, telephone		and	broadband	2,340	934
	General expenses				1,105	197
	Subscriptions				366	307
	Trustee travel expenses				315	168
Marketing	and Advertising				12,404	4,124
	Advertising and	marketing			16,891	2,380
					16,891	2,380
Expenditur	e Carried Forward				168,577	195,482

Keswick Museum and	Keswick Museum and	Art	Art	Gallery Management
Income and Expenditure			Account
for the year ended
31January	2022
					31 January 2022	31 January 2021 f f
Expenditure	brought	forward			168,57?		195,482
Premises and other costs
	Rates and water				1,393		611
	Insurance				6,876	6,421
	Repairs and	renewals			18,724	6,999
	Laundry and	cleaning			2,896		891
	Security				837		809
	Light and heat				5,780	11,367
					36,506		27,098
Interest and charges
	Bank charges				124		98
	Global payment			charges	712		855
					836			953
Legal and professional
	Consultancy
Accountancy					2,400	2,400
	Legal costs
					2,400		2,400
Total Expenditure					208,319		225,933
Net Income	I(Expenditure)				75,179		(22,616)