2022-03-31-accounts - The Burton At Bideford

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

						Page
Trustees' annual report (incorporating			the	director's	report)
Independent examiner's report		to the	trustees
Statement. of financial	activities	(including		income and
expenditure account)
Statement of financial	position					10
Notes to the financial	statements					12

Year ended 31 March	2022
			2022	2021
			Total funds	Total funds
		Note	2	2
Income and endowments
Donations and legacies Charitable activities			128,271 163,468	159,532 174,931
Other trading activities Investment income			33,512 499	17,149 583
Other income			95,358	63,773
Total income			421,108	415,968
Expenditure Expenditure on charitable	activities	10,11	396,032	366,689
Total expenditure			396,032	366,689
Net (expenditure)/income	and net movement	in funds	25,076	49,279
Reconciliation offunds
Total funds brought forward			233,380	184,101
Total funds carried forward			258,456	233,380

31 March 2022
			2022	2021
		Note
Fixed assets
Tangible fixed assets Heritage assets		17 16	16,100 '42,350	19,381 41,150
Investments		19	1;225	1;225
			59,675	61,756
Current assets
Debtors		20	66,443	38,512
Cash at bank and in	hand		171,459	150,178
			237,902	168,690
Creditors: amounts	falling due within one year	21	39,121	17,066
Net current assets			198,761	171,624
Total assets less current liabilities			258,456	233,380
Net assets			258,456	233,380
Funds ofthe charity Unrestricted funds			258,456	233,380
Total charity funds		24	258,456	233,380

		Unrestdcted	Total Funds	Unrestricted	Total Funds
		Funds	-2022	Funds	2021
			E	E	E
Running	ofthe gallery and museum	140,944	140,944	174,931	174,931
Tax relief		22,524	22,524
		163,468	163,468	174,931	174,931

		Unrestricted	Total Funds	Unrestdcted	Total Funds
		Funds	2022	Funds	2021
		E	E		E
Cafe rental	income	23,059	23,059	15,580	15,580
Workshops	and room hire	10,453	10,453	719	719
Other income from other trading
activities				850	850
		33,512	33,512	17,149	17,149

			Unrestricted	Funds	Unrestricted	Funds
			Funds	2022	Funds	2021
			E	E	E	E
Bank	interest	receivable	499	499	583	583

Expendi	ture on charitable activities by fun	d type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
Running	of the gallery and museum	305,337		305,337
Support	costs	90,695		90.695
		396,032		396,032
		Unrestdcted	Restricted	Total Funds
		Funds	Funds	2021
		2	2	2
Running	of the gallery and museum	294,940		294,940
Support	costs	.71,305	444	71,749
		366,245	444	366,689

12.	Analysis of	support cos	ts
					Total 2022	Total2021
					6	F
	Staff costs				4,991	4,036
	Premises				19;006	18,507
	Communications and IT				9,004	6,884
	General office				52,035	33,348
	Governance	costs			5,659	8,974
					90,695	71,749
13.	Net (expenditure)/income
	Net (expenditure)/income		is stated after charging/(crediting):
					2022	2021
					2	9
	Depreciation	oftangible fixed assets			5,989	6,141
14.	Independent	examination	fees
					2022	2021
					2
	Fees payable	to the independent		examiner for:
	Independent	examination	of the	financial statements	2,150	4,000

of full-ti	me	equivalent employees during the y	ear is analysed as follows:
			2022	2021
			No.	No.
Number	of	staff	11	11

17.	, expenses or any other benefits from the charity Tangible fixed assets	during the year (202	1:none).
		Land and	Fixtures and
		buildings	fittings	Total
		2		2
	Cost
	At 1 April 2021	6,685	56,404	63.089
	Additions		2,708	2,708
	At 31 March 2022	6,685	59,112	65.797
	Depreciation
	At 1 April 2021	958	42,750	43,708
	Charge for the year	575	5,414	5,989
	At 31 March 2022	1,533	48,164	49,697
	Carrying amount
	At 31 March 2022	5,152	10,948	16,100
	At 31 March 2021	5,727	13,654	19,381
18.	Heritage assets
				Art
				2
	Cost or valuation
	At 1 April 2021			41,150
	Additions			1,200
	At 31 March 2022			42,350
	Accumulated depreciation
	At 1 April 2021 and 31 Illlarch 2022
	Carrying amount
	At 31 March 2022			42,350
	At 31 March 2021			41,150

Ye	ar ended 31 March 2022
18.	Heritage assets (c'«nrrn«err)
	Summary oftransactions
		2022	2021	2020	2019	2018
		2	2		2
	Included in the statement of financial position
	Wilhelmina Barns-Graham
	Trust Prints					2,050
	Ravilious Photo Colfection		39,100
	Paul Lewin Artwork	1,200
	Total additions	1,200	39,100			2,050
19.	Investments
				Shares in
				group	Other
				undertakings	investments	Totai
					2	2
	Cost or valuation
	At 1 April 2021			100	1,125	1,225
	Additions
	At 31 March 2022			100	1,125	1,225
	Impairment
	At 1 April 2021 and 31 Illlarch	2022
	Carrying amount
	At 31 March 2022			100	1,125	1,225
	At 31 March 2021			100	1,125	1,225
	All investments shown above are held at cost.

Undertaking	Country of	Holding	Proportion	ofvoting rights	Principal
	incorporation		and shares	held	activity
			2022	2021
The Burton	UK	Ordinary	100%	100'/0	Retail sales
Enterprises		shares			in
Limited					commercial
					art galleries

Debtors
		2022	2021
		2	2
Trade debtors		3,427
Amounts owed by group undertakings		34,545	29,247
Prepayments	and accrued income	5,577	8,605 '
Other debtors		22,894	660
		66,443	38,512
Creditors: amounts falling due within one year
		2022	2021
			2
Trade creditors		22,825	3,966
Accruals and deferred income		4,552	5,827
Social security	and other taxes	2,619	1,390
Other creditors		9,125	5,883
		39,121	17,066