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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|
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|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)|||
##
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##
|||||||||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)|is stated after charging/(crediting):|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||
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