Registered number.. 08716250
Charity number.. 1158304
Huguenot Heritage Centre
(A company limited by guarantee)
HUGUENOT MUSEUMI
dtscovet yourstory
Unaudited
Trustees. report and financial statements
For the year ended 31 March 2022

Huguenot Heritage Centre
IA company limited by guarantsel
Contènts
Page
Refèr8ncè and administrativ• dètails of th& charity. its trust••s and advls•rs
Trustees. report
Independent examiner's report
Statement of financial activities
Balanca shoot
10
Notes to the finanGial stst*m¢nt$

Huguenot Heritagè Cantra
IA company limited by guarantee)
Reference and administrative details of thè company. its trustees and advisers
For the year ended 31 March 2022
Trustees
P J Duval. Chairman
L J Du Cane. Treasurer
A J Cazalel
B M de L Cazenove
Mrs K J Michael
Mrs E J Money
Dr T V Murdoch
Company registarèd number
08716250
Charity rogistèrèd nurnber
1158304
Registered office
95 High Street
Rochester
Kent
ME1 1LX
Company secretary
LJDuCane
Accountants
Kreston Reeves LLP
Chartered Accountants
Monlague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Bankers
Lloyds Bank plc
25 Gresham Street
London
EG2V7HN
P8ge 1

Huguenot Heritage Cèntra
IA company limited by guarantee)
Trustees. report
For th& yaar ènded 31 March 2022
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April
2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees, report and a Directors, report
under company law. The Trustees confirm that the Annu81 report and financial statements ol the Charitable
Company comply with the current statutory requirements, the requirements of the Charitable Company's
governing document and the provisions ol the Statement of Recomrnended Practice ISORPI applicable to
charities preparing their account5 in a¢cordance with the Financial Reporting Standard applicable In the UK and
Republic of Ireland IFRS1021 (effective 1 January 20191.
Since the Charity qualifies as small under section 382 of the Corllpanies Act 2006, the Strategic report required ol
medium and large ¢ompanies under the Companies Act 2006 IStrategi¢ Report and Directors, Report)
Regulations 2013 has been omitted.
Objaclives and activities
a. Poli¢ies and objactiv&s
The objects ol the Charity. as Sel out in Clause 4 of its Articles ol Association, are..
to advance education ol the public by establishing. developing, and operating a Huguenot Heritagè Centre li.e.
the HLJguenot Museum) at 95 High Street, Rochester. ME1 1 LX".
lo advance education of the public by promoting interest in, and knowledge of. Huguenot heritage.. and
to advance education of the public by holding, rnana9ing and conserving Huguenot and Huguenot-related
collections and archives and rnaking su¢h collections and archives publicly available for the purpose ol viewing
and research and the publication of the results of th81 research.
b. Strategie5 for achièving obj•ctives
These objects are forwarded by the activities of the Huguenot Museum, which opened to the public on 13 May
2015. and which h3s a programme ol permanent and temporary display5 and exhibitions, interpretation and
educational events, special events. family activities and outreach work.
c. Publlc bèngff t
The Tiustees have complied with the duty under Section 4 of the Charities Act 2006 to have due regard to public
benefit guidance published by the Charities Commission. They have considered thi5 guidance in deciding what
activities the Charity should undertake. and they are satisfied that the Charity confers a public benefit.
Structure, govemance and management
a. Constitution
The Charity was incorporated as a charitable wmpany limited by 9uarantee on 2 October 2013". its company
registered number Is 08716250. The Charity's governing document is il5 Article5 of Association, the current
version of which wa5 registered at Companies House on 12 August 2014.
The Charity was registered as a charity with the Charity Commission on 20 August 2014., its Charity number is
1158304. The Directors of the Company are the Trustees of the Charity.
Page 2

Huguenot Heritage Centre
IA company limited by guarantee)
Trust•as' rgport Icontinuedl
For the y8ar èndèd 31 March 2022
b. Methods of appointment or election of Trustees
The Trustees have assessed the ne￿SSary and desirable skills, attributes and experience that they con51der
should be available to the board in order to enable it most effectively lo fulfil the objects of the Charity. Vvhere
deficiencie5 ifi skills and experience among the existing 8oard ol Trustees are Identified. the Trustees actively
seek lo address such deficiencies. Consideration is also given to succession planning.
An individual proposed as a Trustee is subjected to a thorough selection and interview process to ensure that their
appointment as a Trustee will strengthen the overall composib'on and balance of the Board ol Trustees. At each
annual general meeting one third of the Trustees lor. if their number is not three or a multiple of three. the number
nearest to one thirdl musl retire from office, the Trustee5 retiring being those who have been longest in office
51nce their last appointment.
Clauses 27 to 39 of the Charrty governing document describe the powers of Trustee5. 8nd the procedures for their
appointment. resignation and removal.
c. Policiès adoptèd for the induction and training of Trustees
New Trustees are briefed by the Secretary concerning both their duties and the Charity's expectations of ils
Trustees They also receive a ¢opy of both the Charily's governing document, and the Ch3rity Commission's
guidance publication. The esseiitial trust8e. bvh&t you ne8d to knobv ICC31. In addition, new Trustees are
instructed in the work ol the Mu5eurn by a Trustee or the Operations Manager. External training for Trustees in
rnatters of governance is available.
d. Organisational stru¢tur& and dèclslon-maklng pollcigs
Under the Charity's governing document, the Trustees are responsible for the management and control of all the
cfvarity's a¢tivilies The Trustees meet regularly in order to consider the Charity's affairs.
The t85ks of the day to day running ol the Museurn, the maintenance of its premise5. and the management of the
Charity's olher employees are delegated to the Operations Manager. who is supervised by, and reports lo. the
Board of Trustees.
Staff are Involved in major decision making and policy formulation wherever possible.
e. Classes of membership
Under Clause 11111 of the Articles of Association the Trustees may establish classe5 of membership with different
right5 and obligations, and shall record the rights and obligations In the register ol members. To ensure th8t. if
necessary, control ol the Charity may be exercised by the Directors of The French Hospital (charity number".
2193181, the Trustees have established two classes ol mernbership. which classe5 are defined as follows".
Foundation Foundation membership Is open only to Directors of The French Hospitsl Foundation
members have a right tts attend. speak and vote at general meetings ol the Charity.
General." General rnernbership 15 open to all person5 except Directors ol The French Hospital. General
members have a right to attend and speak, but do not h3ve the right to vote, at general meetings of the
Charity.
Page 3

Huguènot Hèritag• Centre
IA company limited by guarantee)
Trustees. report Icontinuedl
For the year ended 31 March 2022
Achievemènts and parformance
a. Main achievements of thè charity
Although it has been a challenging year for IFte Museum, as described below, the Trustees have used the time to
develop a clearer vision and understanding of the way forward for the Charity. to a financially sustainable future.
Staff employed in April 2021 comprised the Director and the Visitor Services & Volunteer Co-ordinator.
At the start ol the year, the Museum was closed due to Covid restrictions. However. the Director continued to
develop the Museum's profile through posts to social media Numbers increased lor each of Twitter. Facebook
and Instagram during the spring and summer of 2021. In total, social rnedia Indices showed growth 0111.8%
during this period.
In April 2021. the Museum hosted an online lecture by the Huguenots of Spitalfields, Froffl the Hugu6nots to the
Hoty Ghost. Religion on Stage at the Nalional Thealre- 2009-2019. to wh5ch the Director contributed. The
Director also delivered sessions to Chatham Grammar School pupils on the Huguenots as part of a module on the
Reformation, and gave a general talk about the Huguenots, the French Hospital and the Museum at the Insiders
Outsiders Festival on 25 June 2021.
The partial lifting of Covid ieslriclions, tsn 17 May 2021. meant that museums could re-open from that dale. and
limited re-opening of the Huguenot Museum look place from 3 July 2021. In total, the Museum was open to the
public on six days in the period to 2 October 2021, during which a total 01644 visitors were recorded.
The Museum's family history service. which is run by a teatn ol dedicated volunteers, and which piovides
Huguenot genealogical iesearch services lor a modest lee, operated successfully through to 21 October 2021
The lack of assured funding for the core operations of the Museum had been dictalino the need to move to a lower
cost mode of operation for some time. Ihthen the Vi51tor Services & Volunteer Co-ordinator left the Museum on 20
June 2021. it left the Director as the only paid member of staff. Following the resignation ol the Director on 26
July 2021. the Trustees took the decision to 'mothball' the Museum at the end of the summer season, in order to
allow time, and funding. for firstly. the evolution ol a new and lower basal cost approach lo the operation of the
Museum. and then, for this revised mode of operation to be established. The Trustees, aware o15imitations In
their skillset, established a Recovery Advi50ry Group I'RAG") lo help them in this task.
The core membership of the RAG, which is chaired by Ann West MBE JP DL. ¢omprises.' Alex Duval (Director,
The French Hospital). Richard Holdsworth MBE Ilormer Director ol Hentage. Visitor Experience and Learning ol
the Chatham Historic Dockyard Trust). Carol Howell IDire¢lor of the Foundling Museurnl, Catherine P8rker (Clerk
to The French Hospital). and, representing the Charity's Trustees. Leslie Du Cane and Dr Tessa Murdoch. The
RAG met for the first time on 12 November 2021. It has been instrumental In assisting the TrLJStees in their
development of an outline business plan for a financially sustainable way forward for the Huguenot Museum.
The new lower-cosl operating rnodel will be based initially on a heritage centre or visitor attraction approach, with a
sing5e paid member of staff
seen as an 'enlrepreneurial' Operations Manager with independent museum &
maikeling and communications experience, rather than a national or local rnuseum 'curatorial-based' museum
professional. The Operations Manager will be responsible lor the Museurn's day-to-day operations, for recruiting
and training a team ol volunteers to assist when the Museum Is open to the public and in the provision of
genealogical research services. managing the Mu5euffl'5 rnaikeling and communications, and developing its
programrne of events. The RAG has also agreed to assist in the development ol a new fundraising strategy for the
Museum. This is irnportant, a5 It is likely that the Museum's core activity, even with this new model of operation,
will require some addition81 funding. but this fundraising challenge Is expected to be of a manageable scale. On
supported by other fundraising, the Museurm will seek to rebuild aspiration, and encourage Increased visitation
through short-term 'task and finish, projects.
Page 4

Huguenot Heritage Centre
IA company limitad by guarantee)
Trustee5' report Icontinuadl
For the year ended 31 March 2022
Following a meeting on 17 February 2022, this approach to running the Museum has been endorsed by its major
stakeholders. including Medway Council, the French Hospital and the National Lottery Heiitage Fund.
The post of Operations Manager was advertised during March and April 2021, and the Trustees are now pleased
to announce that they have recently appointed Lara Dix as the Operations Manager lor the Museum, and that It is
planned to ré-opèn the Museum to the public In time for the 2022 summer school holidays.
The Trustees wish lo expres5 their gratitude for all the hard work done by staff and volunteers during the period to
November 2021. In the period since November 2021, although the Museum has been closed to the public, it
continues to have respons1bilities for the security and safeguarding ol 113 premises and the collections in its care.
Vvithout paid staff, fulfilling these resptsnsibilities has only been possible with the assistance of, in particular.
Catherine Parker. Clerk lo the French Hospital, and Jacob Scott. Operations and Exhibitions Assistant at Rochester
Cathedral. The Trustees therefore wish to express their appreciation for the services Catherine, Jacob and others
have provided, and continue to provide, during this "mothballing" period. In addition, the Trustees are extremely
grateful for the hands-on support the Museum has received. and continue5 to recèive. from members of the RAG.
During the year ended 31 March 2022. the Trustees of the Museum Charity met on len occasions. For part ol this
period the Chairman. Peter Duval. was in¢apacitaled due lo ill health, and Dr Tessa Murdoch undertook the role tsf
Acting Chair.
b. Voluntèers
Volunteers are invaluable in helping the Museurn - acting as guides and in other front-of-house roles,
conducting farnily history research, and providing administrative 5UPPOrt During the year, the Museum's
reduced opening days and hours meant that the number of volunteers1101, who were actively engaged in
Museum operation5. Was less than had been the case before the Covid-19 pandemic. The Trustees wish to
convey their gratitude for the sUPPOrt given by volunteers. without whom the Museum would be un3ble lo Offer
its visitors the high-quality experience that has resulted in so many positive comments.
c. R&vi8w of acti¥ities
The Gharily'5 incorne for the period tolalled £59,53712021." £177,033) Total expenditure arnounted to £79.319
12021.. £159.8291. Staff rernuneralion arnounled to £37.38212021. £64.0341, premises related costs lo £34,357
12021.. £36,401), fundraising expenditure to £Nil12021.' £1421, and other operational costs to £7.58012021.'
£59.2521
Al 31 Mar¢h 2022 the Gharily's t(>lal funds amounted lo £91,63312021" £111.4151. a decrease of £19,782.
Financial revi•w
a. Principal funding
In the year ended 31 March 2022 the Charity s principal sources of core funding were".
Donations (including Gift Aid) £2,74012021 £8,601)
Museum operational activities £26,911 12021." £26,880)
In addition. during the year and as a$5iStance in meeting tre challenges resulting from the Covid-19 pandemic.
the Charity received one-off grant funding. as follow5."
Medway Council £27,200
Coronavirus Job Retention Scheme £2,688
The Trustees wish to express their gratitude for the 5UPPOrt the Museum has received from Medway Council.
Page 5

Huguenot Hèritage Cèntrè
IA company limited by guarantee)
Trustees. report Icontinuedl
For tha yaar &nd&d 31 March 2022
b. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the current accounting period. For this reason. they continue to
adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the
going Con￿rn basis can be found in the accounting policies
c. Resetves policy
As a precaution against unforeseen adverse events, the Trustees wish to maintain unrestricted reserves sufficient
to fund the core operation of the Museum for a period of 81 least six calendar months. Under the Museum's new
operating model, the funding required for six months of its core operations is curiently estimated to be of the order
01 £30.000, and the Trustees thus aim to maintain unrestricted reserves ol at least £30.000. This aim has been
met.
d. Finanrial risk rnanagement
The Trustees have a duty to identify, assess and regularly review the risks lo which the Charity 15 exposed. in
particular those related to the operations and finances of the Charity. The Trustees need to ensure that
appropriate controls are in place to provide reasonable assurancè against fraud and error.
During the year ended 31 March 2022. the Trustees have identified and assessed the major risks lo which the
Charity is exposed. They are satisfied that, in the introduction of robust systems and procedures, they have taken
appropriate steps to mitig8ie exposure to major risks.
The principal risk facing the Char￿tY is a r15k of fa￿ll1re lo secure sufficient external funding to cover the deficit on its
core operations. The Charity mitigates this risk through financial managernent systems and reporting. through
active fundraising, and through ils policy ol maintaining sufficient unrestricted reserves to fund its core operations
lor a minimum period of six months.
The Charity 15 responsible lor the care and maintenance of the French Hospital's collections of records an
artefacts.. these are ol both historical interest and intrinsic value. The risk ol a failure to adequately care for and
maintain these collections Is mitigated by ensuring they are held and displayed securely in a stable and controlled
environment, by cataloguing the collections. and by maintaining adequate specialist insurance cover.
Plans for future periods
The Museum has the following strategic aims..
to make museutn operations 5UStainable and increase our resilience foi the future
to become the home of knowledge for Huguenot Collections nationwide and develop a representative
collection of our own.
lo develop a national and international profile in Huguenot history. culture and heritage by offering
varied and engaging programme ol displays, activities and events on site and online.
to lead the sector In providing learning opportunities for Èudiencès which connect the Huguenot Legacy
with contemporary Issues In the present day
The objectives for the current 2022-23 year are, first. to establish for the Museum the lower-cost operating model.
based on an Operations Manager supported by a team of volunteers, and, second, to ensure that the additional
funding necessary 10 5UPPOrt thi5 wre a¢tivily Is seGured.
Once the core operation of the Museurn is established on a financially sound basi5. funding will be sought for
proiecls designed to develop visitation and widen the Museum's profile and impact, both Ioc8lly and nationally
Pago 6

Huguenot Heritage Cent
IA company limitèd by guarant8•1
Trustees. rèport IcontÉnuadl
For the year ended 31 March 2022
Statèmènt of Tru$toès' r•sponsibiliti•s
The Trustees (who are also the Director5 of the Company for the purposes of Company lawl are ie5ponsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Cornpany law require5 the Trustees to prepare financial staternents for each financial year. Under cornpany law
the Trustees must not approve the financial staternents unless they are satisfied that they give 3 true and fair view
of the state of affairs of the Charity and ol its incorne and application of resources, including its income and
expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suit8ble accounting policies and thèn apply them ¢onsistenlly,
observe the method5 and principles of the Charities SORP IFRS 1021.,
make judgrnents and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
dep3rture5 disclosed and explained in the financial statements".
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees arè responsible for keeping adequate a¢¢ounling re¢ords that are sufficient to show and explain the
Chaiity'5 transactions and di5c105e with re8sonable accuracy at any tirne the financial position ol the Charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are 31so
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps lor the prevention
and detection of fraud and other irregularities.
This report wa
d by the Trustees on 11 October 2022 and signed on their behalf by..
P J Duval, Chaimian
Page 7

Huguenot Heritage Centre
IA company limited by guarantael
Ind¥pendent examinerf$ rèport
For the year ended 31 March 2022
Indèpèndènt èxaminèrfs rèport to thè Trustèès of Huguènot Hèritage Centre I'the Charity'l
I report lo the Charity Trustees on my examination of the accounts of the Charty for the year ended 31 March
2022, which are sel out on pages 9 10 19.
Responsibilitiès and basis of report
As the Trustees of the Charity18nd ils Directors ft)r the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companie5 Act 20061'the 2008 Acl'l.
Having satisfied rny5elf that the a¢¢ounts of the Charity are not required to be audited under Part 16 of the
2006 Aot and are eligible for independent examination, I report in respect of tny exatnination of the Charity's
accounts carried out under section 145 01 the Charities Act 20111'the 2011 AGt'I. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515llbl of the
2011 Act.
Indèpèndent examiner's statemènt
I have completed my examination. I confirrn that no rnatters have come to my attention in connecb.on with the
examination giving me cause to believe..
1. accounting records were not kept In respect of the Charity as required by section 386 of the 2006 Act,. or
2 the accounts do not accord with those records". or
3. the accounts do not comply with the accounting requirernents of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and lair, view which is not a matter considered as part of an
independent examination, or
4 the accounts have not been prepared in 3¢coidance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charitie5 lapplicable to charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable In the UK and the Republic of
Ireland IFRS 10211.
I have no concerns and have come a¢ross no other matters in connection with the examination 1¢ which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached
This report is made solely to the Charity's Trustees. as a body, in a¢¢ordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work ha5 been undertaken so that I might state to the
Charity's Trustees those matters l am required lo stale to them In an Independent examiner's report and for
no other purpose. To the lullesl extent permitted by law, I do not accept or assume responsibility to anyone
other than the Charity and the Charity's Trustees as a body. ftsr my work or for this report.
Signed..
Dated. 31 Ocl.U 20 1
BA FCA FCIE DChA MCMI
S Robinson
K￿$t0￿ Reeves LLP
Chartered Accountants
Chatham Maritime
P8gÈ 8

Huguenot Heritage Centre
IA company limitèd by guarantee . registered number.. 087162501
Statement of financial activitias incorporating incomo and axpenditure a¢¢ount
For the year ended 31 March 2022
Unrestricted R8Striet•d
funds
funds
2022
2022
Total
funds
2022
Totsl
funds
2021
Note
Income from:
Donations and leg8cies
Other trading activities
Total income
32,628
26,909
59.537
32,628
26,909
59,537
150,153
26,880
177,033
Expenditure on..
Raising funds
Charitable actlV1ties
Total expenditure
142
159.687
159,829
79,319
79.319
79,319
79,319
Net movèment in funds
119,7821
119.7821
17.204
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
111,163
252
252
111.415
91.633
94,211
111,415
All activities relate to continuing operations.
The notes on pages 1110 19 forrn part of these financial statements.
Page 9

Huguènot Hèritagè C8ntra
IA company limited by guarantee - r99istered nurnber.. 087162501
Balance sh99t
As at 31 March 2022
2022
2021
Not&
Fixèd assèts
Heritage as5e15
11.950
11,950
Current assets
Debtors
Cash at bank and in hand
10
2,721
79,512
82,233
3,320
106,842
110.162
Creditor5-. amounts falling due within one year
10,697
Net current asset5
79,683
99,465
Net assets
111,415
Charity funds
Restricted funds
Designated funds
Unreslricted funds
12
12
252
11.950
79,431
252
34,755
76,408
Total funds
91,633
111 415
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Charity to obtain an audit for the year in question in accordance wf(h section
476 ofthe Companies Act 2006.
The Trustee5 acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation ol financial statements.
The financial statements have been prepared in accordance with the provisions appli¢able to entities subject to
the small companies regime.
The financial statements were approved by the Trustees on 11 October 2022 and signed on their behalf, by..
L J Du Can•. Trèasurgr
The notes on pages 11 to 19 form part ol these financial statements.
Page 10

Huguanot Haritage C•ntro
IA company limited by guaranteel
Notes to the financial statements
For tho year ondèd 31 March 2022
General infomiation
Huguenot Heritage Centre is a company limited by guarantee with the charity registr8tion number
1158304 and the company registration number 08716250. The address of the registered office is
95 High Street, Rochester, Kent, ME1 1 LX. The rmain objectives of the Charity are..
to advanTr education of the public by establishing, developing and operating a Huguenot Heritage
Centre li.e. the Huguenot Museum) at 95 High Street, Rochester, Kent. ME1 ILX..
to advance education of the public by promoting interest in and knol￿edge of Huguenot heritage..
to advance education ol the public by holding, managing and conserving Huguenot and Huguenot-
related collections and archives and making such collections and archive5 publi¢ly available for the
purpose of viewing and research and the publication ol the results of that rese3roh.
Accounting policies
2.1 Basi5 of preparation of financial ac¢ounts
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting 2nd Reporting by Charities. Statement of Recommended Practice applicable to charities
prep8ring their accounts in accordan¢e with the Financial Reporting St8ndard applicable in the UK and
Republic of Ireland IFRS 1021 leffective 1 January 20191 and the Companies Act 2006.
Huguenot Heritage Centre meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at histori¢al ¢osl or transaction value unless otherwise stsled In the
relevant accounting policy.
The financial statements have been prepared in Pounds Sterling and are rounded to the nearest
Pound.
2.2 Company statu5
The Gharity is a company limited by guarantee. In the event of the Charity being wound up, the liability
in respect of the guarantee is limited lo £10 per member of the Charity.
2.3 Going concèrn
The Trustees assess whether the use ol going concern is appropriate, i.e. whether there are any
material uncertainties related to events or conditions that may Cast signifi¢ant doubl on the ability of the
Charity to continue as a going concern The Trustees make this assessment in respect of a period ol at
least orne year frorn the date of authorisation for issue of the financial statements. and have concluded
that the Charity has adequate resources to continue in operational existence lor the foreseeable future.
and that there are no material uncertainties about the Charity's ability to continue as a going concem,
thus they continue to adopt the going Concern basis of accounting In preparing thè fin8n¢ial statemènts
Page 11

Huguenot Heritage Centre
IA company limit￿ by guarantee)
Notès to thè financial stat&mants
For the year ended 31 March 2022
Accounting polici&s Icontlnu•dl
2.4 Income
All incorne is recognised once the company has entillernent to the incorne, and Il is probable that
the Income will be received. and the amount ol income receivable can be measured reliably.
Gran15 are included in the Statement of financial activitie5 on a receivable basis. The balance of
incorne received lor specific purposes. but not expended during the period, is shown In the
relevant funds on the Balance sheet. When income is received in advance of entitlement of
receipt. its recognition 15 deferred. and It is included In creditors as deferred income. Where
entitlement occurs before income is re￿ived, the income Is acorued
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time ol the donation.
2.5 Expènditure
Expenditure is recognised once there is 3 legal or constructive obligation lo transfer economic
benefit to a third party. and it is probable that a transfer ol econornic benefits will be required in
settlement, and the amount of the obligation can be measured reliably.
Expenditure on charitable activitie5 is incurred on directly undertaking the activities which further
the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of Irrecoverable VAT
2.6 Heritage assets
Where heritage assets have been purchased. they are initially recognised at cost. After
recognition, under the cost model, heritage assets are measured al cost less any a¢¢umulated
impairment losses
At each reporting date the Charity assesses whether there is any indication of impairment. If
such indication exists, the recoverable amount of the asset is deterrnined to be the higher of Its
fair value less costs lo se11 and Its value In use An Impairrnent loss Is recogn15ed where the
carrying amount exceeds the recoveiable amount.
2.7 Debtors
Trade and other debtors are re¢ogni5ed at the settlement arnount after any trade dis¢ounl
offered Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank 2nd in hand Includes ¢ash and short-term highly liquid Investments with a short
maturity of three rmonths or less from the date of acquisition or opening of the deposit or similar
account.
Page 12

Huguenot Hèritagè C•ntre
IA company limited by guarantèe)
Notès to the financial statements
For th• y•ar •nd•d 31 March 2022
Accounting policies Icontinuedl
2.9 Liabilities and provisions
Liabilities are recognised when there Is an oblig8lion at the 8alance sheet dale as a ￿sUIt ol a
P85t event, and it Is probable that a transfer of economic benefit will be required in settlement, and
the amount of the settlement can be estimated reliably.
Liabilities are recognised at the arnounl that the Charity anticipates il wi11 pay to settle the debt or
the amount It has re￿iVed as advance payments for the goods or services it rnust provide.
Provisions are Measured at the best estimate ol the amounts required to settle the obligation.
Where the effect ol the time value of money is material, the provision is based on the present
value ol those amounts. discounted al the pre-tax discount rate that reflects the iisks specific to
the Iiabilily. The unwinding of the discount is recognised in the Statement ol financia1 activities as
a finance c05t.
2.10 Financial instruments
The Gharity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value.
2.11 Pansions
The Ch8rity operates a defined contribution pension scheme. and the pension charge represents
the amoun15 payable by the Charity to the fund in respect ol the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the disGrelion ol the Trustees
in furtherance of the general obie¢tives ol the Charity and which have not been designated for
other purposes.
Restricted funds are funds which are to be used in accordance with specifio restrictions imposed
by donors or which have been raised by the Charity lor particular purpose5. The costs ol raising
and administering such funds are charged against the specific fund. The aim and use of ea¢h
restricted fund is set out in the notes to the financial statèments.
Page 13

Huguenot Heritage Centre
IA company limited by guarantee)
Notgs to the financial statom&nts
For the year ended 31 March 2022
3. Income from donations and legacies
Unrèstrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Donations
Grants
2.740
29.888
2.740
29.888
8,601
141.552
32.268
150.153
32.628
150.153
150.153
Total 2021
4. Income from charitable activities
Unrestrictad
Funds
2022
Total
funds
2022
Total
Funds
2021
Income from museum operations
Total 2021
26.909
26.880
26,909
26.880
26,880
S. Costs of raising funds
Unrestricted
Funds
2022
Totsl
funds
2022
Total
Funds
2021
Fundraising expenditure
Tol312021
142
142
142
6. Analysis of èxpènditurè by aetivitiès
Direct
Costs
2022
Support
Costs
2022
Total
funds
2022
Total
funds
2021
Charitable activitie$
Total 2021
82,213
157,047
2,894
2,640
79,319
159,887
159,687
Page 14

Huguenol Heritage Centre
IA company limited by guarantee)
Notas to tha financial statements
For the year ended 31 March 2022
6. Analysis of expenditure by activities Icontinuedl
Analysi5 of direct costs
Unrestricted
Funds
2022
Total
Funds
2022
Total
Funds
2021
Wages 8nd salarie5
National insurance
Pension costs
Other slaff-related costs
Rent
Insurance
Other premises costs
Maintenance and development of exhibitions
Activitie5 3nd resources
Website and IT
Office expenses
Publicity and promotion
Consultancy
35.368
35,368
59,195
1,845
2,994
539
22.000
4.757
9.644
26,775
2,061
8.988
2.863
4,134
11,252
2.014
496
22,000
3,386
8,971
2,484
300
2,931
3,234
429
6DO
2,014
496
22,000
3,386
8,971
2.484
300
2,931
3,234
429
600
82,213
157.047
82.213
157.047
157,047
Total 2021
Analysis of support ¢05t5
Unre$tri¢tgd
fund5
2022
Total
funds
2022
Total
funds
2021
Independent examiner's lee
Accountancy lees
1,200
14,0941
1.200
14,0941
1,176
1.464
2,894
2.640
2,894
2,640
2,640
Total 2021
Page 15

Hugu*not Hèritagè Cèntr•
IA company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2022
7. Staff costs
2022
2021
Wages and salaries
Social security costs
Otrei pen510n Costs
35,368
59.195
1,845
2.994
2,014
37,382
The average number of persons employed by the Company during the year was as follows..
2022
No.
2021
No.
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration and benefits received by the key management personnel of the charity during the
2021-22 financial year am¢unts lo £35.10912021 £44,424).
8. Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefi'ts12021 £Nill.
During the year ended 31 March 2022. no Trustee expenses have been Incurred12021 £Nill.
Heritag& ass8ts
Assets recognised at cost
Tanqueray
sauce boat
2022
Total
2021
Carrying value at 31 March 2022
11,950
11.950
10. Debtors
Total
2022
Total
2021
Other debtors
Prepayments and accrued ￿n￿Orne
2,897
423
2.721
3.320
Page 16

Huguenot Heritage Centre
IA company limitèd by guarantee)
Notès to thè financial stat•mènts
For the year ended 31 March 2022
11. Creditors: Amounts falling due ￿thin one year
Totsl
2022
Total
2021
Other creditors
Accruals and deferred Income
2,073
8,624
2.550
2,550
10.697
12. Statèmènt of funds
Statement of funds - current ygar
Balance
at1
April
2021
Income
Exp¢ndltura
Transfers
Balance
at31
Mar¢h
2022
Unrestricted funds
Designated fund - Heritage assets
Designated fund - Staff
Oesignaièd fund - Mothballin9
General fund5
Total unrestricted funds
11.950
12.805
10.000
76,408
111,163
11,950
112,8051
110,0001
22,805
59,537
59,537
-(79.319
79,431
91,381
Restrictèd funds
Refugee projects
252
252
Total of funds
111,415
S9,537
79,319
91,633
Thè purpose of thè Rèfugee projects fund Is to advan¢e education of the public by promoting interest in, and
knowledge of. Huguenot refugees and thèir èxperieneè of pèrsècution. This purpose is in accordance with
the Museum s charitable objects.
Page 17

Huguanot Heritage Cent
IA company limited by guaranta•l
Notes to the financial stat•mènt$
For the year ended 31 March 2022
13. Statement of funds Icontlnu&dl
Statement of funds . prior year
Balance
at1
April
2020
Income
Exp&ndlture
Transfers
Balance
at31
March
2021
Unrèstricted funds
Designated fund - Heritage assets
Designated fund - Staff
Designated fund - Mothballing
General funds
Total unrestricted funds
11,950
12.805
10.000
11,950
12.805
10.000
76.408
111 163
177.033
177 063
159,829
159.829
Rastrlctèd funds
Refugee projects
252
2S2
Total of funds
94.211
177.033
159,829
111 415
14. Analysi¥ of net as$èts bètwaèn funds
Analysis of net assets befvdeén funds - current year
Unrostricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Heritage assets
Current assets
Creditors due wrthin tsne year
11,950
81,981
12,5501
11,950
82.233
12,5501
252
Total
91,381
252
91.633
Analysis Of net assets between funds- prior year
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Heritage assets
Current assets
Creditor5 due wthin one year
11,950
109,910
110,6971
11.950
110,162
110,6971
252
Total
111.163
111,415
Page 18

Huguanot Hèritage Centre
IA company limited by guarantee)
Notes to the financial statements
For thè yèar èndod 31 March 2022
15. Pènsion commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately
from those of the Charity In an independently administèred fund. The pension cost charge represents
contribution5 payable by the Charity to the fund and arrounted to £2.01412021 £2,994). Contributions
totalling £Nil12021 £5671 were payable lo the fund at the Balance Sheet date and are Included In creditors.
16. Relat*d party trart$a¢tions
At the Balance sheet date, two of the Huguenot Museum's Trustees, namely P J Duval and L J Du Cane.
were also Trustee Dire¢tors of the French Hospital. One ol the Huguenot Museum's Directors, namely Dr T V
Murdoch. was a Non-trustee Dirèctor of thè French Hospital.
During the year the Charity re￿iVed income of £22.00012021.. £22.0001 from The Frènch Hospital in respect
ol lees due under a contract for the conservation and management of ils collections. During the year the
Charity paid The French Hospital rent of £22.00012021". £22.0001 lor its 95 High Street premises. Al the
Balance sheet date Ihere are no amounts owed.
During the year. the charity received a donation of £5012021.. £Nill from Huguenots of Spitslfields. a charity ol
which Mrs K J Michael is a trustee.
The Trustees made aggregate donations to the Charity during the year amounting to £1.00012021" £1.0001.
17. Contingent liability
On 19 March 2014 the Charity was narned as a grantee of the Heritage Lottery Fund's grant for the Huguenot
Heritage Centre project. Under the Heritage Lottery Fund's then Standard Terrns ol Grant there exists a
p0551bilily of a financial obligation by the Charity to the National Lottery Heritage Fund I'NLHF l in
circumstances In which either the Charity chooses to relocate without NLHF permission, or in which it ceasès
to operate.
With the approval of the NLHF, the Charity has adopted a new operating model, dependent upon fewer
salaried staff and with a greater contribution from volunteers. The Charrty. with an operations Manager In
charge of 8 team of volunteers. ré-opéned to the public on 9 August 2022 Vthilst its income 15 not expected
immediately to match its expenditure. with iudicioLJS application of its brought forward reserve51£91.633 as al
Isl April 20221, with current financial support from the French Hospital, and with prudent financial
management. the Charity now has a reasonable expectation of achieving a financially sustainable mode of
operation.
It Is Impracticable to quantify the extent of this possible fin3n¢ia1 obligation to NLHF. and thu5 no liability
pertaining lo thi5 Matter is recognized In these financial statements.
Page 19