OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Trustees'
annual
report (incorporating
Trustees'
annual
report (incorporating
the Directors' report) the Directors' report)
Independent auditors'
report to the Members
and Trustees 23
Consolidated Statement offinancial activities 27
Consolidated Balance sheet 28
Trust Balance sheet 29
Consolidated Cashflow statement 30
Notes to financial statements 31

Company registered registered number 08986225
Charity registered number 1158583
Registered office and principal address Chilcomb
House, Chilcomb Lane,
Winchester
SO23 BRD
Contact number 01962678140
Website www. ham
shireculture. or .uk
Directors and Trustees Alan Lovell (Chairman)
Emma Back
Rachel Bebb
Robert Boyle
Peter Cardy 0BE
Yinnon Ezra MBE
Paula Ferguson
(resigned 19May 2021)
Keith Mans (appointed 18November 2021)
Anthony
McNaughtan
(appointed 1July 2022)
Roy Perry (resigned 24 September 2021)
Michael Southgate
James Winkworth
Anna Blackman
Lucille Thompson
(appointed 30July
2021)
Helene West
Company Secretary Victoria Donkin
Chief Executive Paul Sapwell
Auditors Azets Audit Services
Carnac Place, Cams Hall Estate,
Fareham,
PO16 8LJY
Principal Bankers Natwest
Bank
105 High Street, Winchester 5023 9AW
Solicitors Paris Smith
LLP
11London Road, Southampton 50152AE

Unrestricted Restdicted Unrestricted Restricted
Funds Funds Total 2022 Funds Funds Total 2021
E E
Income from:
Grants and donations 2 3,922,676 1,550,651 5,473,327 4,630,887 513,602 5,144,489
Income from charitable
activities
3 1,044,104 840 1,044,944 321,785 0 321,785
Income from other trading
activities:
- mcome oftrading company 4 810,268 0 810,268 314,692 0 314,692
Investment
income
5 6,384 0 6,384 6,474 0 6,474
Other income 6 371,405 5,421 376,826 174,694 3333 178,027
Total income 6,154,836 1,556,912 7,711,748 5,448,531 516,935 5,965,467
Expenditure on:
Cost ofraising funds:
Fundraising
and publicity
7 206,604 18,757 225,361 95,425 0 95,425
Expenses ofTrading
Company
4 475,429 0 475,429 234,702 0 234,702
Expenditure
on charitable
activities 8 5,438,885 1,487,826 6,926,712 4,748,855 466,675 5,215,530
Tote I expenditure 6,120,919 1,506,583 7,627,502 5,078,982 466,675 5,545,657
Net income / [expenditure) 33,917 50,329 84,246 369,549 50,261 419,810
Transfer between funds (90,000( 90,000 (82,139) 82,139 0
Net movement
in funds
(56,083( 140,329 84,246 2$7,410 132,400 419,810
Reconciliation offunds:
Total funds brought forward 1,757,715 588,898 2,346,613 1,470,305 456,498 1,926,803
Total funds carried forward 1,701,632 729,227 2,430,859 1,757,715 588,898 2,346,613

Group Group
2022 2021
Nates 6
Cash flows from operating
activities:
Net cashflow from operating
activities
(135,763) 458,662
Cash flows from investing
activities
Bank interest received 6,384 6,474
Purchase offixed assets (72,234) (233,508)
Cash used in investing
activities
(65,850) (227,034)
Increase/(decrease)
in cash and
cash equivalents
in the year
(201,613) 236,034
Cash and cash equivalents
at the
beginning ofthe year 2,068,150 1,832,115
Total cash and cash equivalents at the end ofthe year 1,866,537 Zs068,150
Reconciliation
of Changes
in Resources to
Net Cashflow From Operating Activities
Net income forthe year 84,246 419,810
Depreciation 12 139,012 128,521
Investment
income and interest
received (6,384) (6,474)
(Increase)/decrease
in stock
14 (20,083) (12,598)
(Increase)/decrease
in debtors
15 (568,912) 69,258
Increase/(decrease)
in creditors
16 236,358 (139,856)
Net cashflow from operating
activities
(135,763) 458,662

In accordance with the Management In accordance with the Management and Funding Agreements and Funding Agreements and Funding Agreements and Funding Agreements in place, the trust receives annual
revenue grants
in place, the trust receives annual
revenue grants
from Hampshire County
Council and Winchester
City
Council to support the delivery of an arts and museums service across Hampshire. During the year the following
grants and donations
were received:
Unrestnicted Restricted 2022 2021
funds funds Total Total
E 8 E
Hampshire
County Council (HCC)
2,272,480 0 2,272,480 2,309,486
Winchester
City Counol (WCC)
298,144 0 298,144 313,835
2,570,624 0 2,570,624 2,623,321
Other Local Authority
grants:
Basingstoke and Deans Borough Council 183,6DO 183,600 183,600
Gosport Borough Council 60,000 60,000 60,000
Eastleigh Borough Council 40,740 40,740 39,096
Bournemouth,
Christchurch
and Poole Council 100,00D 100,000 100,000
Rushmoor
Borough Council
44,224 44,224 44,224
New Forest District Council 15,000 15,000 15,000
Bursledon
Parish Council
2,0DO 2,000 2,200
445,564 0 445,564 444,120
Other grants:
Arts Counol England 480,000 581,800 1,061,800 544,800
National
Lottery Heritage
Fund
52,607 52,607 50,900
Iob Retention Scheme 78,217 78,217 638,317
Government
Business Grants
214,821 214,821 341,486
HCC - Wessex Dance Academy 62,500 62,500 16,800
Hampshire
County Council -
WDC transitiona Ifunding 43,148 43,148
Royal Pavilion
and Museums
Trust 73,891 73,891 67,219
Paul Ha mlyn Foundation 111,000
Gosport Borough Council & HSHAZ Historic England 332,412 332,412 30,000
Historic England
via Gosport
Borough Council 46,154 46,154
Gadield Weston Foundation 20,000
South Western
Railway
10,000 10,000 10,000
Bnitish Museum
- portable Antiquities
Scheme 24,785 24,785 29,828
Hampshire
Futures
40,683 40,683 35,833
Historic England 31,780 31,780 30,855
Museum
Association - Esmee Fairbairn
Collections Fund 7,110 7,110 30,737
Youth Endowment
Fund
28,250
Armed Forces Covenant
Fund Trust
7,967 7,967
HMP Winchester 40,000 40,000
ArtFund 45,00D 45,000
Foyle Foundation 60,000 60,000
South Downs National
Park Authonty
7,500 7,500
Farnham
Maltings - Apprenticeship
Funding 13,408 13,408
Other grants (less than 55,000) 2,108 25,630 27,738 26,332
851,053 1,430,467 2,281,519 2,012,357
Total grants 3,867,241 1,430,467 5,297,707 5,079,798

Unrestricted Restrined 2022 2021
5 5 E 6
Other donations:
Friends ofthe Willis Museum 10,000 10,000
Donations towards Wessex Dance Academy 5,000 5,000
Donations
towards the Anglo Saxon project
55,000 55,000
Novacyt 25,000 25,000
Miscellaneous
donations
(E5,000and below) 48,320 2D,786 69,105 53,615
Regular Donations 7,116 4,398 11,514 11,076
Total donations 55,436 120,184 175,619 64,691
Total grants and donations 3,922,676 1,550,651 5,473,327 5,144,489
3 Income from charitable Income from charitable activities
Unrestricted Restricted 2022 2021
E E E
Admissions 780,653 780,653 269,971
Workshops and classes 121,333 122,173 51,179
Boxoffice 141,215 141,215 12,684
Booking fees 902 902 (12,049j
1,044,104 840 1,044,944 321,785

2022 2021
Profit and loss account
Turnover 709,381 160,225
Cost ofsales (342,426) (97,695)
Gross Profit 366,955 62,530
Administrative expenses (133,002) (137,007)
Other operating income 100,886 154,467
Operating
profit and profit before taxation
334,839 79,989
Tax on profit 0 0
Profit for the financial year 334,839 79,989
Amount gifted to Hampshire Cultural Trust (89,091) (336,071)
Retained
profit
for the period 245,748 (256,082)
Retained
profit
brought forward 90,665 346,746
Retained
profit
carried forward 336,413 90,665
Balance sheet
Assets 400,238 196,758
Liabilities (62,825) (105,093)
Net assets 337,413 91,665
Called up ordinary
share capital
1,000 1,000
Profit snd loss account 336,413 90,665
Capital and reserves 337,413 91,665
Investment
income
2022 2021
Investment
income
6,384 6,474

Other income
2022 2021
8 4
Collections and conservation income 2,083 7,722
Trails 14,183 14,500
Events and hire 86,256 8,564
GiR Aid and other tax reliefs 139,815 136,937
Other 134,490 10,303
376,826 178,027
unrestricted Restricted 2022 2021
funds funds Total Total
206,604 18,757 225,361 95,425
Costs ofcharitable
activi
ties
unrestricted Restricted 2012 Unrestdicted Restricted 2021
funds funds Total funds funds Total
Public programmes 126,198 126,198 79,862 0 79,862
Collections 484,025 484,025 466,943 0 466,943
venues 2,960,715 2,960,715 2,526,196 0 2,526,196
Business development 1,800,069 1,800,069 1,596,932 0 1,596,932
projects 67,878 1,487,826 1,555,704 78,922 466,675 545,597
5,438,885 1,487,826 6,926,712 4,748,855 466,675 5,215,530

2022 2021
f
Audit fees - Trust 8,500 10,800
Audit fees - Trading subsidiary 3,550 3,550
10 Employees
2022 2021
Employment costs
Wages and salaries 3,633,235 3,314,801
Redundancy payments 7,505
Social security costs 303,316 266,606
Pension costs 328,017 323,983
4,264,568 3,912,896

2022 2021
E60,001tof70,000 0 0
E70,001tof80,000 1 1
f80,001to f90,DOO 0 0
f90,001tof100,000 0 0
f100,001tof110,000 0 1
f110,001to f120,000 1 0
Number ofemployees
The average number ofemployees during the year was as follows:
2e22 2021
Cost ofgenerating
funds
3 3
Charitable
expenditure
186 211
189 214
11 Intangible
fised assets
ZOZZ 2021
6
Cost at 1April and 31March
12 Tangible gxed assets
~grou leasehold
Computer improve-
Plant 8 machinery eq ipment ments Total
Cost
At 1April 2021 22,542 51,362 354,013 166,862 594,778
Additions 17,949 10,106 44,1T/ 72,234
Disposals ii 0
At 31March 2022 40,491 61,470 398,190 166,862 667,012
Depreciation
At 1April 2021 11,271 31,215 139,440 32,442 214,369
Chargefortha
year
10,113 20, I69 91,714 16,686 139,012
Eliminated
on disposal
0 0 0
At 31March 2022 21,395 51,704 231,154 49,128 353,381
Net book value
At 31March 202Z 19,096 9,765 167,036 117.734
At 31March 2021 11,270 20,146 214,573 134,420 380,409
leasehold
Computer Improve-
Trust Plaiit n mack lnery equipment Fliituras 0tlmiigs ments Total
6 6
Cost
At 1April 2021 7,661 49,773 316,250 84,451 458,134
Additions 10,108 44,177 54,285
Disposals 0
At 31March 2022 7,661 59,881 360,427 84,451 512,419
Deprecmtlon
At 1April 2021 3,830 30,156 104,893 15,960 154,840
Charge for the year 1,915 19,960 90,107 8,445 120,427
Eliminated
on disposal
0 0 0
At 31March 2022 5,746 50,116 195,000 24,405 275,267
Net book value
At 31March 2022 t+ts 9,764 165,427 237,152
At 31March 2021 3,830 19,616 211,357 68,490 303,294
13 Fixed asset Investments
Trust Total
5
Market value orcostat 1Apnl 2021and 31March 2022 3,000

Stock
2022 2021
Trust Group Trust Group
5
Goods for resale 0 130,206 0 110,123
Stock is valued at the lower ofcost and net res(isahie value, after making provisions for obsolete and slow moving items.
15 Debters
2022 2021
Tnlst GIUUp TIUst Group
1
Amounts
due
within 1year:
Trade debtors 175,675 192,04$ 37,776 42,521
P repayments
and accrued income
674,083 675,908 352,790 354,357
Otherdebtors 94,606 98,769 934
Intercompany account 0 0 83,092
944g63 966,725 473,657 397,813
16 Creditors (amounts faging due within one year)
2022 2021
Tnlst Group Tnlst Group
Trade creduors 205,780 248,464 106,135 116,896
Tax and social security 67,244 68,623 77,547 77,547
Other creditors 406,714 413,123 250,009 254,995
Accrue(a and deferred income 103,681 116,032 154,691 160,446
Intercompany account 169,520 0 0 0
952,934 846,242 5$$,3$1 609,884
2022 2021
TIUSt Group TIUSS Group
E 1
Balance broughtforward 60,247 60,247 60,474 60,474
Amount released to the SUPA (60,247) (60,2471 (26,174) (26,174)
Amount deferred in the year 88,706 88,706 25,947 25,947
Balance carried forward 88,706 88,706 60,247 60,247
Analysis ofchanges in net debt
2022 Dashonw ZD21
~Grou
Cash 1,866,537 (201,613) 2,06(I,150
Tots I 1,866,537 (201,613) 2,068,150
Analysis ofnet assets between funds

Unrestricted Restricted 2022 Unrestricted Restricted 2021
funds funds Tetiil fiinds Total
Intangible fixed assets 2
Tangible fixed assets 105,038 128,593 313,631 251,959 128,450 3$0,409
Current assets 2,362,834 600,634 2,963,468 2,115,63$ 460,448 2,576,006
Current habilities (846,242) (046,242) (609,804) (6D9,884)
1,701,632 729,127 Zxm5059 1,757,715 508,090 Z,346,613
unrestricted Restricted 2022 Unrestricted Restricted 2D21
funds fiinils Total funda funds Total
Intangible
fixed assets
2 2 2
Tangible fixed assets 108,559 128,593 237,152 174,844 120,450 303,294
Investment
assets
1,00D 1,00D 1,000 1,000
Current assets 2,200,594 600,634 2,0D9,228 2,079,506 460,448 2,540,034
Current liabilities (952,930) (952,938) (580,382) (58$,382)
1,365,217 729,217 2,094,444 1,667,050 580,$9$ 2,255,949
Reatneed Reatneed Reatneed Fuhd5 St-Apr-21 Olllgolhg
YTO
Tlhhsfem 3168ar-22
5 E
An C digests
d
iut
C
s Em( d DFEM d h 3M30 '71,967 29,263
iuttc u TE sl
d
c eul Bc tl 3.647 3,647
Ant astsl d G pnlum Ip 90000
An
C
LEnslad yuReva(Pug aMI m T (all 75,891 75,186
luttc u OE sh
d
omd Am 12,772 1rig
Ant OEslm Asns wl h I 49,134
An
C
I(Enslaaddancc WDCHG I pm t 42,500 42,500
An
C
OE gl
d-CRFS
talhabllAGI le 315,500 145,353 174,147
nm IH HIM
uut
Wv m
H th IH nt g Lmt WF d-StHIC H 6,565 6,373
H
tl
I H It g Lmmn I d - C lt I p n 9,104 (3.012) 6,092
Ht IH tg Lmnnv d ICEH Itg 49.950 9,114
H t IH t e Lmmnv d. F HAH 2,657
15,661 2,775
0th G tF cmi g
5
p
Tddf8 Ion 88,915 30,233 58,633
H
p
h c tyc I-wDcuehb gG t 7828 7,528
H
ph
C tyr I ~ WDCM Ip t 43.14S 43,14lt
AHF 4 45.000 45,000
Th
HM
f
amt
m,xo 60FIOD
0
p na
d C ISHSIMEH t Eud d-6 p HR d bp t 332,412 331,411
P
IH
ly F db 139,718 54,900 M,ets
BtihM -p nb( Atqh sd 6P795 24,785 20,9ea 10,795
Sp nE sl dl tt WA d(p vb lyTh GMC 5 av F dl 62700 4,299 2401
Y
thEd
tF d 1,281 1,282
5
thD
H t' IP knmh 'ty 7,500
A
dF
C IF d 19,939 7,967 10,487 Lvdta
MMBW I
Rs
3,887 to,tmo 13,205 682
Hit
I
E BI
dd 6
9
ns gho 'I ~olt Ic 19,146 27,tlolt
wi
h
rm Qtyc 7,277 7,277
Mu A dtl h Flu I Cs rh F d 26740 7,110 18,338 13,5'11
Hia
I
E gle
d
I WCCP bs ni 6325 31,78D 21,617 169S7
tn
pha
Ah(me(pr HTHamphi I| 17,558 33,188 51,747 IS.994
8 mp hl dlOWCRC 5,035 750D 7,507 6931
HMPWI I I 5,000 17,536 27,664
Fl
dMG
pnM
24,271 24,271
G
0 Its
ugttc h
5
50,000 103,695 80,000 26305
F I
1
MAld h tMO(tanMute WTABRuth W 13,542 s,om S,539
HCCcmdbti t th teem bih I 17,005 1,859 15,147
IKEAIETP n hp
f
elh t fth A 10,0tuf 901
0th
8
mf
d
g(b
I
ES,OOO( 19,179 13,280 12,542
0
t
t dW0 Adm(DPHCOI 8DL IFdti 11,250 1,250 15,000
15,000 SS,DDO 70.000
1,810 13,190
ID,OOO
o„u,*(bd 15aool 23,975 31,445 23,294 32,130
Tm
I
5S8,098 1,556,912 I,SW se|So,sett 729,225
comp sr edge sr edge In term aeon for for for re st st rktlue rktlue rktlue funds: funds:
aestA'ctad Funds Otdurup Incoming vro Oulgomg YID rraAshuc 31.Ma.21
E E
An C 5E gl
d
An
C
drE
81 d II dmso | 27,760 56,129 36,430
AnC
dl
sl d C dlgCcmna 4,047 3,647
An c
dlr
gl d FEMDpd ange p mlp da i47 67,219 i131l
Nationalu rh gaunt
WF
d
HMIF
Fag Cu
I | 21,879 17,813 6,565
HLHF 0 a I P n 28,600 19,496 9,104
HLHF
Ind
ctrl M nd 17,100 16,662
Otheru ntF ndhg
5
p
7
Id'ra Lcm 36,877 35,793 88,916
wochghtmc m 22,m2 15,264 7,518
P ui ~
Ir
F dml 73788 111,000 44,320 139,718
G dl IdWMM F d o 0 20,000 20,0CO
odd hM p nbi A rlq Itl Mhsme IO32 29,828 23,915 6,995
rhl
Gine
0 ars d 0 6,700
r
thEd
IF M 28,25D 26,968 t,282
A
dF
C tF d IS,100 3A35 4,096 2.500 19039
5
IhW«t
R II 7 6,113 3,8S7
An
b Ltd
5,002 5,002
Wl
h
t
Car C 7,277
hl
A
| ~ E F b can'
F
d 13,690 30.737 19.687
Ht 'Egl d 4,452 mJtsg ESA82 6,$25
3,MD 3740D 22,9$2 17,558
F
MMG
PHM 29,014 0 4,744 24,271
pno etc s 50,000
Fd Ms orMoershet Mann MuseuMA4 4 15,000 1,4m 13,542
Hccc
taml
pt t Ilmm ah t 20436 17,006
~ uu
hl
dlOWCRC 9485 5,556 2400 6,039
HMPFOIWIL m o 10,000 0 5,000
Ott
m
d
gibe EE0m) 23A93 12,993 19.179
0 Etdts Esegg m,065 50,229
Tool esajtga 516,936 45$,674 82,138