2022-03-31-accounts - Towner

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			Page	Page
Report ofthe Trustees		I	to	10
Report ofthe Independent	Auditors	11	to	13
Statement ofFinancial Activities			14
Balance Sheet (Group)
Balance Sheet (Charity)			(6
Cash Flow Statement			17
Notes to the Cash Flow Statenteat
Notes to the Financial Statements		19	to	32

Trustees
Ms H Bauer	llcritage Museums	Jk Funding		Adviser
Ms D V Casson	Designer
D Dimbleby	Brnsdcaster
0FH King	Publisher
Ms K Cadell	Prescntstian and iMedis Consultant				(rcsigncd		6Junc 2022)
C F ivvickenzie	Freelance Arts Consultant
iM RiVIoortan	llumsn Resources	Director (resigned				7 iiiarch	2022)
T J W Ashdoum	Solicitor (resigned	7 Nlarch 2022)
CRSivansborough	Accountant
Dr F M Dennis	Seninr Lecturer
J Williams	Arts Manager
J.tones	Artist and Lecturer
IBabarinde	Community Campaigner		and	Social		Entrepreneur		(sppointed	6June 2022)
C Wood	Curator, Writer and	Art Historian			(appointed		6 June 2022)

							2022	2021
				llnrestricted	Restricted		Total	Total
INCOiirlE AND ENDOWMENTS	FROiVI:		Notes	funds f	I'unde f		fundsf	funds f
Donations and legacies				215,877	639,666		855,542	' ''604,293
Charitable activities
Secured funding FBC Secured funding Ans Council England South East Cultural and Creative Digital Ncivhaven Creative l,earning activities and fundin Exhibition 8;cotlcction activities and exhibition funding				413.880 365,962 4,000 196,833	15,185 36,250 58.459 123,460		413,880 365,962 15,185 36,250 62,459 320,292	413,879 366,962 6,706 116,303 68,036
Memberships, Patrons and Director's circle Art Fund Museum ofthe Year Prize lviuseums gs Galleries Exhibitions Tax Relief				69.868 62.958			69,868 62,958	61,815 40.000 43.778
Trading Activities
Shop, cafe. cinema and venue hire Other uading activities				368,352 16.328	6,365		374,716 16328	136,765 5,761
Total				1,714,058	879,383		2,593,441	I,864498
EXPENDITURE Oibb
Charitable activities
Fundraising and supporters' costs South East Cultural and Creatii cDigital Ncivhavcn Creative Learning activities Exhibition 8:collection activities Travel and subsistence Trading Activities				151,108 203,580 678,964 6.867	10,574 15,185 23,467 57,651 I48,533		161,682 15,185 23,467 261,231 827,497 6.867	132,855 15,627 214,750 573,856 1,038
Shop, cafe.cinema and venue hire Other trading activities				490.609 28.863	15.875		506,484 28.863	376.872 20,734
Total				I,559,99I	271,285		1,831,276	1,335.732
NET INCOibIE				154,066	608,098		76?,165	528466
fram fcrs bets cen I'unde		17		50.595	(50,5951
Net movement in funds				204,662	557,503		762,165	528,566
Total funds brought forstard				2,768.278	264.045		3,032323	2,503,757
TOTAL FUNDS CARRIED FORVPARD				2872,940	821,548	3,794,488		3,032323

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	t	f		f
	FIXED ASSETS
	Intangible assets		I I	12,276		12.276	10.000
'	Tangible assets Heritage assets		12 13	548.934 1,586.312	630,928	1.179,862 1.586,312	622.666 1,494.612
				2.147.522	630,928	2.778.450	2,127,278
	CURRENT ASSETS
	l&cbtors		15	IS3,964	63,444	247,408	124,211
	Stock			33,176		33,176	25,863
	Cash at bank			692.556	127.199	819,755	845,853
				909,695	190,643	1,100,339	995.927
	CREDITORS
	Amounts falling due tvithin	one year	16	{84378)	(23)	{84,301)	{90.882)
	NET CURRENT ASSETS			825.418	190.620	~I.0IG038	905.045
	TOTAL ASSETS LESSCURRENT
	LIABILITIES			2,972,940	821,548	3,794,488	3.032,323
	NET ASSETS			2.972.940	821.548	3.794.4SS	3.032323
	FUNDS
	Unrestricted t'unds					2,972,940	2,768i278
	Restricted funds					821,548	264.045
	TOTAL FUNDS					794488	3032323

					2022	2021
			Unrestrimed	Rcstrictcd	Total	Total
		Notes	funds f	fund f.	fundsf	funds
FIXEDASSETS
Intangib)c assets Tangible ss c!s		11 12	12.27G 548.934	630.928	12,276 1,179.862	10,000 G22,666
heritage assets		13	1,586,312		1.586,312	1,494,612
Investments		14	I		I	I
			2,147.523	630,928	2,778,451	2.127.278
CURRKIiT ASSETS
Debtors		15	407,778	63,444	471,222	568,676
Cash at bank			544,216	127.199	671,415	490.512
			95i.994	190,643	1.142.637	1.059,188
CREDITORS
Amounts I'ailing due vvithin	one year	16	1'70,907)	(v3)	(70,930)	(77,973)
NET CURRENT ASSETS			881.087	190.620	1.071.707	981.215
TOTAL ASSETSLESSCURRENT
LLABILITIES			3.028,609	821.548	3,850,157	3 108493
NKT ASSETS			3.028.609	82).548	3.850,157	~3108,493
FUNDS		17
Unrestricted hinds					3.028,609	2.844,448
Restricted funds					821.548	264.045
TOTAL FltiVDS					~3,850 157	3.108,493

			Notes	2022f	2021 f.
Cash flows from operating	activities
Cash generated from operations				615.927	358.900
Nct cash provided b) opci'alias activities				615,927	358.900
Cash flows from investing	activities
Purchase ofintangible tined assets Purchase of' tangible tmed assets				(5.345) (578,281)	(10,000) (35,296)
Purchase of)tcritagc assets				(58,400)	~().000
Net cash used in im cating activities				(642,026)	~46,296)
Change in cash and cash equivalents		in the
reporting period				{26.098)	312604
Cash and cash equivalents	at the beginning
ofthe reporting period			2	845.853	533.249
Cash and cash equivalents	at the end	ofthe
reporting period			2	819,755	845.853

FO	R THE YEAR ENDED 31 MARCH 2022	R THE YEAR ENDED 31 MARCH 2022
1.	RECOiNCILIATION OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
			2022	2021
			f	f
	Net income for the reparting	period (as per the Statement ofFinancial
	Acttvltles) Adjustments for:		762,165	528,566
	Depreciation charges Donated ivorks included in income (Increase)//decrease in debtors (Increase)/decrease in stock Increase/(decrease) in creditors		24,153 (33,300) (123,197) (7,313) (6.581)	18,576 (107,000) (26.906) 19,019 (73,355)
	Net cash provided by operations		615.927	358.900
	ANALYSIS OF CASH AND	CASH EQUIVALENTS
			2022	2021
			t'	f
	Notice deposits (less than 3 months)		819.755	845,853
	Total cash and cash equivalents		819.755	845,853
3.	ANALYSIS OF CHANGES	IiN NET FUNDS
		Al. I/4/21	Cash flou	At 31/3/22
		f		f
	Net cash
	Cash at bank snd in band	~845 853	(26.098)	819.755
	Total	845.853	~26.098)	~19

				Unrestricted	Restricted	Tote! 2022	2021
Works donated		to collection		33,300	f	f 33,300	f, " 107.000
Donations	and	grants	toivards capital pmjects		538.897	538.897	20B56
Donations acquisitions	and	grants	toivards collection		69.298	69,298	10,125
Donations	and	grants	toivards core cosis	126,639	26,471	153,110	466.812
Legacies				55.938	5.000	60938
						jh32,842	~0 29~

					linrestricted	Restricted	2022	2021
	Learning activities		and funding:			f.	E	f
	Income from learning		activitces		4,000		4,000
	Restricted grants	and	donations			584S9	S8.459	116.303
							gt2.459	116.103
	Exhibitian and	collection activities		and
	exhibition funding
	Exhibition tickets				170.614		170,614	31.655
	Other ticketed cvcnls				22,479		22,479	35
	bnage licensing	and loans			3.556		3,556	3.038
	Touring income					10.595	10,595
	Sponsorship							10.000
	Conservation				183		183
	Restricted grants	and	donations			112.865	~II2. 65	23 308
							~9	~8
4.	TRADING ACTIVITIES
					ltnrestricted f	Restrictedt	2022 f	2021f
	Retail sales						222,286	83,584
	Cafe and catering				120,083		120,083	32,062
	Cinema tickets				14.225		14,225	5,562
	Cinema funding					300	300	13,899
	k.icksrait funding	ton	ards trading-rclatcd			6,065	6,065
	payroll
	Venue hire (incl.	cinema)			~117 7		il 757	1.658
					16835K		3~74 16	13~665

			Direct stalf	Other direct	Allocated	Allocated	Totals
			costs	costs	support	sUpin)f tcosts
					costs	Inon stafl)
					(stal1) f
Fundraising	and Supporters'	Costs	129.051	9,701		22,930	161,682
South East Creative and Cultuml Digital Support				6.244		6,513	15.185
Netvhaven	Crcatttv		20,598	2,869			23,467
Learning			86.564	52.609	54 431	67,628	261.231
Exhibition	and collection activities		329,407	267.882	54,431	175,778	827497
Travel and	subsistence			6,867			6,867
Shop, cafe,	cinema and venue	hire	190,108	182.031	54.431	79,915	506.484
Other				28 863			28 863
				~067	1~63		L83~1,

Governance	costs comprise:	Totalf
Staffcosts		23.882
Audit costs		6,767
Regulatory	costs
Other		332
		3~7

Net income/(expenditure)	2022	2021
	f	f
Auditors' remuneration	6,767	6,250
Depreciation - otvned assets	24,153	18,576
Other operating leases	3,600	2,163

	2022	2021
	f,	f.
Wages and salaries	815.899	729,203
Social security costs	59.630	49,715
Pension costs	45917	43352
	921 446

COMPARATIVES (PRIOR Y	EA	R) FORTH	E STATEM	ENT OF FINANCIAL	ACTIVITIES
				Ltnrestricted	Restricted	Total
				funds	fund	funds
INCOME AND ENDOWihIENTS		FROi&I
Donations and legacies				333,504	270,789	604,293
Charitable activities
Secured funding EBC				413,879		413,879
Secured tiinding Arts Council				366962		366.962
South East Creative and Cultural	Digital Support				6,706	6.706
Learning activities and lunding					116,303	116,303
Exhibition 8:collection activities	and exhibition		funding	44,728	23.308	68,036
idcmberships, Patrons and Director's		Circle		61,815		61.815
hrt Fund Nluseum ofthe Year Prize				40,000		40.000
Nfuscums and Galleries Exhibitions Tax Relief				43,778		43,778
Trading activities
Shop, cafe, cinema, venue hire				122,866	13,899	136,765
Other trading activities				5.761		5.761
Total				1,433.293	431 005	I 864298

			L!nrestricted	Restricted	Toial
			funds	funds	Funds
				f	f
EXPENDITURE ON
Charitable activities
Fundraisine and Supporters'	Costs		109,116	23.739	132.855
South Fmst Creative and Cultural		Digital Support		15,627	IS,627
I.coming activities			128.724	86,026	214,750
Exhibition and collection activities			448.998	124,858	573.856
Travel and subsisience			1,038		1.038
Trading activities
Shop, cafd, rincma, venue hire			285,923	90,949	376,&72
Other trading activities			20,732		20,732
Total Expenditure			994.530	341201	1,335„731
NET liVCOhtg			43R763		528,567
Transfers betvveen funds			(3,2051	3,205
iaet movement in funds			43S,558	93,009	528,566
RECONCILIATION OF FUNDS
Total funds brought forward			2.332,720	171,036	2,503,756
TOTAL FUiVDS CARRIED	FORWARD		2.768.278	264.04S	3.032.323

	Computer solbvare f
COST
At I April 2021	10,000
Additions	5345
At 31 March 2022	15,345
DEPRECIATION
At 1 Apri12021
Charge for year	~3069
At 31 March 2022	3,069
NET BOOK 'VALUE
At 31March 2022	12.276
At 31 March 2021	10,000

TANGIBLE FIXEDASS	ETS(GROUP AND	CHARITY)
	Improvements		I'ixtures
	to	Assets under	and	Computer
	property	construction	fittings	equipment	Totnls
COST			8	6	8
At 1 April 2021 Additions	444.452	83.277 560.702	133.903 16374	15.115 1.205	f&76.747 578.281
At 31 March 2022	444.452	643,979	150.277	16,320	1.255.028
DEPRECIATION
At I April 2021 Charge for year		2,610 1,305	44,256 15.699	7,215 4.080	54,081 21.084
At I March 2022		3.915	59.956	11.295	75,166
NET BOOK VALUE
At 31 March 2022	444.452	640 f)64	90.321	5,025	1.179.862
At 31 March 2021	444.452	80,667	89647	7.900	622.666

HERITAGE ASSETS	Total f.
MARKET VALUE
At I April 2021	1.494,612
Additions - donated	33,300
Additions - purchased	58,400
At 31 iMarch 2022
	1,586.312
NET BOOK VALUE
At 31 March 2022	1,586,312
At 31 iMarch 2021	1.494.612

					2022	2021
					f	f
Turnover					368,652	136.764
Expenditure					(34&,151)	(212,934)
Profit(loss)	for the	& ear			20,500	(76,170)
Amount gift aided		to the Charity	in the year			78,284
The Assets	and I.iabilities ofToivner Enterprises			Ltd were:
Total assets					(86.686	388.76i7
Total liabilities					(242.355)	(464.936)
Net assets					(55.669)	(76,169)
Represented	by.
Share capital and reserves					(55.669)	(76.169)

			2022	2022	2021	2021
			Group t	Charity	Groupf	Charity f
'I'rade debtors			55,323	53.163	14.202	8,000
Amounts oived from		subsidiary		228,985		452.027
Other debtors			96,824	95,824	61228	59.868
YAT recoverablc			44,907	44,907
Prepaymcnts	and accrued income		50.353	48.343	~48 781	~48781
			247,408	471,222	124.211	568,676
CREDITORS: AMOUNTS FALLING DUE WITHIN OVE YEAR
			2022	2022	2021	2021
			Cifoilp f	Charityf	Gmup f.	Charity f
Trade creditors			40,077	35,340	31.931	29,998
Other creditors			3.855		1,178	186
Tas R social securiiy			3.629		5,322	2,913
Accruals and deferred		income	~36739	35.590	52451	44876
			84.301	70,930	90.882	77,973

MOVEi34	ENT IN	FU	NDS
								Trmtsfers
						At I/4r21	Net income	between	At 31/3/22
								fundsf
Unrestricted funds:
Oencral fund						2,768278	154,066	50,595	2.972,940
Restricted	funds:
Building development			project (Phase I -ground		floor)	84426	538,897	5,805	628.9"8
Buildmg development			project tphase 2-caf'e)					2.000	2,000
Collection	acquisitions					30,411	69.298	I58.400)	41,309
Learning						43,868	(254)		43,614
Evhibitions						88,294	4,621		92,9I5
Cn!lection	Curation
South East	Creative	and Cultural		Digital Support
Ncvvhav en	Creativ e						12.783		12,783
Fundraising						9.247	(9,247)
Iob Retention Scheme
Other						8,000	(8,000)
Total restricted						264,045	608,098	(50,595)	821,548
Total Funds						3,032.323	762,165		3.794,488

17	NET tNCONIF. - DEI'AIL	NET tNCONIF. - DEI'AIL	NET tNCONIF. - DEI'AIL				Incoming	Resources	Net income
caatd							resources	expended
									f
	Unrestricted funds:
	General fund						1,714.058	(1,559,991)	154.066
	Restricted	funds:
	Building development		project (Phase		1 - ground	floor)	538.897		538.897
	Colleciion	acquisitions					69,298		69,298
	Learning						56.709	(56,963)	(254)
	Eshibitions						123.710	(119,088)	4,621
	Collection	Curation					5,'750	(5,750)
	South East	Crcatir e and Cultural		I}igitai Support			15,185	{15,185)
	Nexrhacen	Creative					36,250	t'23,467)	12.783
	fundraising							(9.247)	(9,247}
	Job Retention Scheme						26N71	(26.471)
	Other						7,115	(15.115)	(8,000)
	Total restricted						879,383	f271.285)	608.098
	Total Funds						2,593,441 (1,831276)		762,165

MOVEMEN	T IN F	UNDS —P	RIOR YEAR COMPA	RATIVE
				At I/4/20	Net income (see bclovv)	Transfers between funds	At 31/3/21
					f	f
Uarestricted	funds:
General fund				2.33232	438,760	(3,205)	2.768278
Restricted fuuds:
Building development		project		59,665	20,356	4.205	84226
Collection acquisitions				21,286	10,125	(1,000)	30,411
Learning				3.441	40.427		43868
Exhibitions				65,630	22,664		88,294
South East Creative and Cultural			Digital Support	8,922	(8,922)
Fundmising				12,093	(2,846)
Job Retention	Scheme
Other					8,000		8.000
Total restricted				171,036	89,806	3,205	264,045
Total Funds				2.503,757	528.566		3.032,323
Net Income detail				Incoming	Resources Net income
				resources	expended
Unrestricted	funds:
Geneml fund				1,433,293	(994,533)	438,760
Restricted funds:
Building development		project		20,356		20,356
Collection amluisitions				Ib.125		10,125
Learning				116.303	(75,876)	40,427
Exhibitions				33,308	(10,644)	22,664
Suuth East Creative and Cultural			Dieital Support	6,706	(15627)	(8,9221
Fundraising				1.000	(3.846)	(2,847)
Job Retention	Scheme			221.308	(221308)
Other				21,899	(13.899)	8.0O0
Total restricted				431.005	(341,199)	89,806
Total Funds				(.864298	(1,335.732)	528,566