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|||||||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
offinancial|position|||||10|
|Notes to the financial|statements|||||12|
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|Reference a|Reference a|nd adm|inistrative
d|inistrative
d|etails|etails||
|---|---|---|---|---|---|---|---|
|Registered||charity|name||The Burton at Bideford|||
|Charity registration|||number||1165520|||
|Company|registration|||number|09808860|||
|Principal|office and||registered||Burton Art Gallery|and Museum||
|office|||||Kingsley
Road|||
||||||Bideford|||
||||||Devon|||
||||||EX392QQ|||
|The trustees||||||||
||||||I A Huggett|||
||||||BJ Liddell|||
||||||TJ ireson||(Resigned 5 May 2023)|
||||||A Nathwani||(Resigned 21 July 2022)|
||||||J P Sharpe|||
||||||R H Millward|||
||||||NJ Beer|||
||||||AJ Robinson||(Resigned 16March 2023)|
||||||S M Lawrence|||
|Independent||examiner|||Mr SJ Carrington|(FCA) For and|on behalf of|
||||||Westcotts (SW) LLP|||
||||||Timberly|||
||||||South Street|||
||||||Axminster|||
||||||Devon|||
||||||England|||
||||||EX135AD|||
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|Year ended 31 March|202|3||||||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|2|2|2||
|Income and endowments
Donations
and legacies
Charitable
activities
Other trading
activities
Investment
income
Other income|||5
6
7
8
9|116,880
159,052
57,788
1,332
82,993|5,000|121,880
159,052
57,788
1,332
82,993|120,538
163,468
41,245
499
95,358|
|Total income||||418,045|5,000|423,045|421,108|
|Expenditure
Expenditure
on charitable|activities||10,11|409,725||409,725|396,032|
|Total expenditure||||409,725||409,725|396,032|
|Net income and net movement||in|funds|8,320|5,000|13,320|25,076|
|Reconciliation
offunds
Total funds brought
forward||||258,456||258,456|233,380|
|Total funds carried forward||||266,776|5,000|271,776|258,456|
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|Statement of Fin
31 March 2023|ancia|l Position||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|2||
|Fixed assets||||||
|Tangible fixed assets
Heritage assets
Investments|||17
18
19|19,023
43,562
1,225|16,100
42,350
1,225|
|||||63,810|59,675|
|Current assets
Debtors|||20|61,364|66,443|
|Cash at bank and in|hand|||188,892|171,459|
|||||250,256|237,902|
|Creditors: amounts|falling|due within one year|21|42,290|39,121|
|Net current assets||||207,966|198,781|
|Total assets less current||liabilities||271,776|258,456|
|Net assets||||271,776|258,456|
|Funds of the charity
Restricted
funds||||5,000||
|Unrestricted
funds||||266,776|258,456|
|Total charity funds|||24|271,776|258,456|
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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2023|
|||||||8|
|Donations|||||||
|Donations
proceeds
Donations|from companies,
from individuals||trusts and similar|20,000
5,282||20,000
5,282|
|Sponsorship||income||6,460||6,460|
|Grants|||||||
|Grants from||other charities||85,138|5,000|90,138|
|Government||grant income|||||
|||||116,880|5,000|121,880|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
|||||||6|
|Donations|||||||
|Donations
proceeds
Donations|from companies,
from individuals||trusts and similar|20,000
2,346||20,000
2,346|
|Sponsorship||income||2,210||2,210|
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2022|
|Grants
Grants from|other charities|85,138||85,138|
|Government|grant income|10,844||10,844|
|||120,538||120,538|
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|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2023|Funds|2022|
||||2|2|2|
|Running
Tax relief|ofthe gallery and museum|143,672
15,380|143,672
15,380|140,944
22,524|140,944
22,524|
|||159,052|159,052|163,468|163,468|
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|||Unrestricted|Total Funds|Unrestricted|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
|||Funds|2023||Funds|2022|
||||2||||
|Fundraising
Cafe rental
Workshops|events
and services
and room hire|15,159
25,156
17,473|15,159
25,156
17,473||7,733
23,059
10,453|7,733
23,059
10,453|
|||57,786|57,786|'|41,245|41,245|
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||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2023|Funds||2022|
|Bank|interest|receivable|1,332||1,332|499||499|
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|Other inco|me|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
|||||2|2||2|
|Income from trading||subsidiary||29,167|29,167|28,229|28,229|
|Profit donated to parent
Aid|||charity by Gift|53,526|53,526|67,129|67,129|
|Advertising|income|||300|300|||
|||||82,993|82,993|95,358|95,358|
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|Expendi|ture
on charitable
activities|by fund type||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023|Funds|2022|
||||2||6|
|Running
Support|of the gallery and museum
costs|338,973
70,752|338,973
70,752|305,337
90,695|305,337
90,695|
|||409,725|409,725|396,032|396,032|
|11,|Expenditure|Expenditure|on charitable|activities|by activity type||||
|---|---|---|---|---|---|---|---|---|
||||||Activities||||
||||||undertaken
directly|Support
costs|Total funds
2023|Total fund
2022|
||||||2||||
||Running|of the gallery and museum|||338,973|70,752|409,725|396,032|
|12.|Analysis|of|support costs||||||
|Analysis of sup|port costs|||
|---|---|---|---|
|||Total 2023|Total 2022|
|||2||
|Staff costs
Premises
Communications
and IT
General office
Governance
costs||5,675
14,907
7,460
36,056
6,654|4,991
19,006
9,004
52,035
5,659|
|||70,752|90,695|
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|13.|Net income|Net income||||||
|---|---|---|---|---|---|---|---|
||Net income is stated after||charging/(crediting):|||2023|2022|
||Depreciation|oftangible
fixed assets||||7,400|5,989|
|14.|Independent|examination|fees|||||
|||||||2023|2022|
||||||||2|
||Fees payable to the independent
Independent
examination
of the|||examiner
for:
financial statements||2,310|2,150|
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|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as
2023|follows:
2022|
||||6||
|Wages and salaries
Social security costs
Employer
contributions
to pension
Other employee
benefits||plans|199,470
8,259
17,351
2,743|191,829
7,051
13,708
1,054|
||||227,823|213,642|
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||No.|No.|
|Number|of|staff||||7|7|
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|17.|Tangible fixed assets|||||||Land and|Fixtures and|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||buildings|fittings||Total|
|||||||||2|||2|
||Cost
At 1 April 2022
Additions|||||||6,685|59,112
10,323||65,797
10,323|
||At 31 March 2023|||||||6,685|69,435||76,120|
||Depreciation
At 1 April 2022
Charge for the year|||||||1,533
575|48,164
6,825||49,697
7,400|
||At 31 March 2023|||||||2,108|54,989||57,097|
||Carrying
amount
At 31 March 2023|||||||4,577|14,446||19,023|
||At 31 March 2022|||||||5,152|10,948||16,100|
|18.|Heritage assets||||||||||Art|
||||||||||||2|
||Cost or valuation
At 1 April 2022
Additions||||||||||42,350
1,212|
||At 31 March 2023||||||||||43,562|
||Accumulated
depreciation|||||||||||
||At 1 April 2022 and 31 March 2023|||||||||||
||Carrying
amount
At 31 March 2023||||||||||43,562|
||At 31 March 2022||||||||||42,350|
||In compliance
with the
are initially
capitalised|Charity
SORP
and included
at||||(FRS102), newly
cost including
any||purchased
incidental|or restored
expenses
of|heritage
assets
acquisition
and||
||are subsequently
reviewed||annually||for|impairment.||||||
||Summary
oftransactions|||||2023||2022|2021||2018|
||Included
in the statement||of financial|||position||||||
||Wilhelmina
Barns-Graham||Trust Prints||||||||2,050|
||Ravilious
Photo Collection||||||||39,100|||
||Paul Lewin Artwork|||||||1,200||||
||Connor Coulston Ceramics|||||702||||||
||Michelle Shields Ceramics|||||510||||||
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||Total additions|1,212|1,200|39,100|2,050|
|---|---|---|---|---|---|
|19.|Investments|||||
||||Shares
in|||
||||group
undertakings|Other
investments|Total|
||||||2|
||Cost or valuation|||||
||At 1 April 2022||100|1,125|1,225|
||Additions|||||
||At 31 March 2023||100|1,125|1,225|
||Impairment|||||
||At 1 April 2022 and 31 March 2023|||||
||Carrying
amount
At 31 Illlarch 2023||100|1,125|1,225|
||At 31 March 2022||100|1,125|1,225|
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|class of shar|e capital are as fol|lows:|||||
|---|---|---|---|---|---|---|
|Undertaking|Country of
incorporation|Holding|Proportion
arid shares
2022|ofvoting
held
2021|rights|Principal
activity|
|The Burton|UK|Ordinary|100%|100%||Retail sales|
|Enterprises
Limited||shares||||in
commercial|
|||||||art galleries|
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|and the aggre
gt 00).
Debtors|gate
amount
of capital
and reserves
at|the end of the period was 2|100 (2022|
|---|---|---|---|
|||2023|2022|
|Trade debtors||5,190|3,427|
|Amounts
owed by group undertakings
Prepayments
and accrued income
Other debtors||34,325
6,469
15,380|34,545
5,577
22,894|
|||61,364|66,443|
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|||2023|2022|
|---|---|---|---|
|Trade creditors
Accruals
and deferred
income
Social security and other taxes
Other creditors||21,487
4,484
4,120
12,199|22,825
4,552
2,619
9,125|
|||42,290|39,121|
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|The amounts|recognised|in|th|e financia|l st|atements
for|government
gr|ants are as f|ollows:|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||2||
|Recognised
Government|in income from
grants income||donations||and|legacies:|||10,844|
|Analysis of|charitable|funds||||||||
|Unrestricted|funds|||||||||
|||||At|||||At|
||||1|Apr 2022||Income|Expenditure|Transfers|31 Mar 2023|
|||||2|||8|||
|General
funds
Designated
funds||||258,456||418,045|(409,725)|(43,562)
43,562|223,214
43,562|
|||||258,456||418,045|(409,725)||266,776|
|||||At|||||At|
||||1|Apr 2021||Income|Expenditure|Transfers|31 Mar 2022
2|
|General funds||||233,380||421,108|(396,032)||258,456|
|Designated|funds|||||||||
|||||233,380||421,108|(396,032)||258,456|
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|||||At||||||At|
|---|---|---|---|---|---|---|---|---|---|---|
|||1|Apr|2022|Income|Expenditure|Transfers|31|Mar|2023|
|||||||2||||'Z|
|Bridge|Trust||||5,000|||||5,000|
|||||At||||||At|
|||1|Apr|2021|Income|Expenditure|Transfers|31|Mar|2022|
||||||2||2||||
|Bridge|Trust||||||||||
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|Analysis of net as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||||2|
|Tangible fixed assets
Heritage assets
Investments||19,023
43,562
1,225||19,023
43,562
1,225|
|Current assets||245,256|5,000|250,256|
|Creditors less than|1 year|(42,290)||(42,290)|
|Net assets||266,776|5,000|271,776|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|Tangible fixed assets
Heritage assets
Investments||16,100
42,350
1,225||16,100
42,350
1,225|
|Current assets||237,902||237,902|
|Creditors less than|1 year|(39,121)||(39,121)|
|Net assets||258,456||258,456|
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