| CONTENTS | Pages | |
|---|---|---|
| Charity information | ||
| Trustees Annual Report |
2-3 | |
| Independent Examiner's Report on the unaudited |
accounts | |
| Statement of Financial Activities |
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| Balance Sheet | ||
| Statement ofcash flows |
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| Notes to the Financial Statements | 8-13 |
| Charity | number | number | t166357 | ||
|---|---|---|---|---|---|
| Trustees | A Bone (Chairman) | ||||
| A Bametson (Treasurer } SFox (Aldeburgh Town Council representative) |
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| SDas | |||||
| J Ransome | |||||
| T Brown | |||||
| J Cook Manders | (appointed 9December 2022) | ||||
| Independent | Examiner | Mr James David | Haddow | FCCA | |
| GMS FC Limited | |||||
| 1 London Road | |||||
| Ipswich | |||||
| IP1 2HA | |||||
| Principal | Bankers | Unity Trust Bank | |||
| Brindley Place | |||||
| Birmingham | |||||
| B12HB |
| Independent Examiner's Report to the Trustees ofThe Aldeburgh Museum Charitable |
Independent Examiner's Report to the Trustees ofThe Aldeburgh Museum Charitable |
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| Trust | |
| I report to the trustees on my examination ofthe financial statements ofThe Aldeburgh |
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| Museum Charitable Trust ('the charity') for the year ended 31 December 2022 which comprise |
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| the Statement of Financial Activities, the Balance Sheet, the Statement ofCash Flows and |
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| related notes. | |
| This report is made solely to the charity's trustees, as a body, in accordance with section |
145 |
| ofthe Charities Act2011.My work has been undertaken so that I might state to the charity's |
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| trustees those matters I am required to state to them in this report and for no other purpose. |
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| To the fullest 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, for my work, for this report, or for the |
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| opinions I have formed. |
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| Responsibilities and basis ofreport |
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| As the trustees ofthe charity you are responsible for the preparation ofthe financial |
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| statements in accordance with the requirements ofthe Charities Act 2011 ('the Act'). |
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| I report in respect of my examination ofthe charity's financial statements carried out under |
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| section 145ofthe Act and in carrying out my examination I have followed all the applicable |
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| Directions given by the Charity Commission under section 145(5)(b)ofthe Act. |
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| An independent examination does not involve gathering all the evidence that would be |
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| required in an audit and consequently does not cover all the matters that an auditor considers |
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| in giving their opinion on the financial statements. The planning and conduct ofan audit goes |
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| beyond the limited assurance that an independent examination can provide. Consequently |
I |
| express no opinion as to whether the financial statements present a 'true and fair' view and |
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| my report is limited to those specific matters set out in the independent examiner's statement. |
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| Independent examiner's statement |
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| I have completed my examination. I confirm that no matedial matters have come to my |
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| attention in connection with the examination giving me cause to believe that in any material |
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| respect: | |
| ~ accounting records were not kept in respect ofthe charity as required by section 130of |
the |
| Act; or | |
| ~ the financial statements do not accord with those records; or |
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| ~ the financial statements do not comply with the applicable requirements concerning the |
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| form and content ofaccounts set out in the Charities (Accounts and Reports) Regulations | |
| 2008 other than any requirement that the accounts give a 'true and fair view which is not a |
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| matter considered as part ofan independent examination. |
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| I have no concerns and have come across no other matters in connection with the |
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| examination to which attention should be drawn in this report in order to enable a proper |
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| unders anding ofthe financial statements to be reached. |
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| Mr Jam s David Haddow, FCCA |
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| GMS FC Limited | |
| 1 London Road | |
| Ipswich IP1 2HA |
| FOR THE YEAR ENDED 31 DE | CEMBER | 2022 | ||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | |||
| 2022 | 2021 | |||||
| f | f | |||||
| INCOMING RESOURCES FROM: | ||||||
| Donations, grants and legacies |
48,280.49 | 48,280.49 | 61,276.84 | |||
| Other trading activities (shop sales) |
7,229.28 | 7,229.28 | 6,235.64 | |||
| Charitable activities (admission |
charges) | 17,661.15 | 17,661.15 | 15,902.00 | ||
| Investment Income from deposits |
133.92 | 133.92 | 11.33 | |||
| Secondment fees |
10,737.00 | 10,737.00 | 1,274.25 | |||
| Otherlncome | 310.00 | 310.00 | 288.80 | |||
| TOTAL INCOMING RESOURCES | 84,351.84 | 84,351.84 | 84,988.86 | |||
| RESOURCES EXPENDED | ||||||
| Fund raising and other trading |
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| activities | 3 | 3,795,37 | 3,795.37 | 3,268.46 | ||
| Chadtable Activities |
4 | 65,230.85 | 65,230.85 | 53,783.96 | ||
| Governance Costs |
5 | 1,668.08 | 1,668.08 | 1,569.02 | ||
| 66,89S.93 | 66,898.93 | 55,352.98 | ||||
| TOTAL RESOURCES EXPENDED | 70,694.30 | 70,694.30 | 58,621.44 | |||
| NET INCOMING/(OUTGOING) | ||||||
| RESOURCES FOR THE YEAR | 6 | 13,657.54 | 13,657.54 | 26,367.42 | ||
| Transfers | ||||||
| Total funds brought forward | 42,857.19 | 42,857.19 | 16,489.77 | |||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 56,514.73 | 56,514.73 | 42,857.19 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | 6 | |||
| FIXEDASSETS | ||||
| Tangible Fixed Assets |
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| CURRENT ASSETS | ||||
| Shop stock | 1,487.54 | 1,495.85 | ||
| Debtor | 2,709.97 | 2,566.15 | ||
| Bank and cash | 7 | 57,645.85 | 43,586.21 | |
| 61,843.36 | 47,648.21 | |||
| CREDITORS: | ||||
| Amounts falling due within one year |
8 | ~(5,328.53 | 4,791.02) | |
| NET CURRENT ASSETS | 56,514.73 | 42,857.19 | ||
| TOTAL ASSETS LESSCURRENT | ||||
| LIABILITIES | 56,514.73 | 42,857.19 | ||
| NET ASSETS | 56,514.73 | 42,852.18 | ||
| FUNDS | ||||
| Unrestricted funds |
10 | 56,514.73 | 42,857.19 | |
| 56,514.73 | 42,857.19 | |||
| 07 Jun 2023 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Table | |||||||
| Cash flows from operating | activities: | ||||||
| Net cash provided by (used in) operating |
activities | 1 | 14,059.64 | 18,802.68 | |||
| Cash flows from financing | activities: | ||||||
| Short term loan advance | |||||||
| Short term loan repayment | |||||||
| Net cash provided by (used in) financing |
activities | ||||||
| Change in cash equivalents |
in the reporting | period | 14,059.64 | 18,802.68 | |||
| Cash and cash equivalents | at 1 January 2022 | 43,586.21 | 24,783.53 | ||||
| Cash and cash equivalents | at 31December | 2022 | 57,645.85 | 43,586.21 | |||
| TABLE 1 | |||||||
| Reconciliation of net income/(expenditure) |
to net | ||||||
| cash flow from operating activities |
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| Net income/(expenditure) for |
reporting | period | as per | ||||
| statement offinancial activity |
(page 5) | 13,657.54 | 26,367.42 | ||||
| Adjustments: | |||||||
| (Increase)/Decrease in stock |
8.31 | 1,057.06 | |||||
| (Increase)/Decrease in debtors |
(143.82) | (2,342.15) | |||||
| Increase/(Decrease in creditors) |
537.61 | (6,279.65) | |||||
| Net cash provided by (used |
in) operating activities |
14,059.64 | 18,802.68 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| Donations: | |||||
| General donations | 1,158.67 | 1,158.67 | 381.50 | ||
| Gift aid reclaimed | 1,060.78 | 1,060.78 | 3,108.22 | ||
| Covid 19 | related grants | 19,454.80 | |||
| Regeneration project: |
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| Heritage | Lottery Fund Grant | 46,061.04 | 46,061.04 | 38,235.18 | |
| Restricted | donations | 97.14 | |||
| 48,280.49 | 48,280.49 | 61,276.84 |
| EXP | ENSES BYFUND TYP | E | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restricted | Funds | Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| E | E | ||||
| Shop | purchases | 3,795.37 | 3,795.37 | 3,268.46 | |
| 3,795.37 | 3,795.37 | 3,268.46 |
| BYFUND T | YPE | ||||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Unrestricted | Restricted | Funds | Funds | ||||
| Funds | Funds | 2022 | 2021 | ||||
| Charitable activity: |
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| General running |
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| Rent and rates | 3,000.00 | 3,000.00 | 3,000.00 | ||||
| Staff costs | 23,938.50 | 23,938.50 | 16,152.85 | ||||
| Museum purchases |
177.36 | 177.36 | 400.00 | ||||
| 27,115.86 | 27,115.86 | 19,552.85 | |||||
| Regeneration | project | ||||||
| Main project | expenditure | 34,967.29 | 34,967.29 | 31,879.16 | |||
| 34,967.29 | 34,967.29 | 31,879.16 | |||||
| Association | for Suffolk | Museums | |||||
| Conservation | expenses | 110.04 | |||||
| 110.04 | |||||||
| 62,083.15 | 62,083.15 | 51,542.05 | |||||
| Support and | governance costs: | ||||||
| General running |
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| Printing, postage and stationery |
42.66 | 42.66 | 5.88 | ||||
| Telephone | 953.89 | 953.89 | 184.36 | ||||
| Marketing | 87.43 | 87.43 | 14.58 | ||||
| ITand software costs | 89.32 | ||||||
| Insurance | 708.08 | 708.08 | 705.02 | ||||
| Subscriptions | 89.00 | 89.00 | 381.60 | ||||
| Independent | examiners | 8 | |||||
| accountancy | fees | 960.00 | 960.00 | 864.00 | |||
| Bank, card and card reader charges | 1,500.42 | 1,500.42 | 1,366.27 | ||||
| Miscellaneous | expenses | 474.30 | 474.30 | 199.90 | |||
| 4,815.78 | 4,815.78 | 3,810.93 | |||||
| 66,898.93 | 66,898.93 | 55,352.98 | |||||
| 5. | NET INCOINING RESOURCES FOR | YEAR | |||||
| Total | Total | ||||||
| Funds | Funds | ||||||
| 2022 8 |
2121f | ||||||
| This is stated | after charging: | ||||||
| Independent | Examiner's | fees | 960.00 | 864.00 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f | |||||||
| A Bone | 5,531 | 1,545 | |||||
| A Bametson | 2,282 | 1,108 | |||||
| J Ransome | 69 | ||||||
| 7,882 | 2,653 | ||||||
| Museum | curator | 171 | |||||
| Development | officer | 887 | 644 | ||||
| Number | ofclaimants | ||||||
| Expenses were reimbursement | of charitable | expenditure | paid by the Trustees on | behalf ofthe | |||
| Chaiity. |
| Staffcost | s | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | |||||
| Gross pay | 34,403.99 | 31,933.75 | |||
| Employers | Nl | 1,724.76 | 1,342.18 | ||
| Employers | Pension | 501.10 | 421.55 | ||
| 36,629.85 | 33,697.48 | ||||
| 7. | CASH AT | BANK AND | IN HAND | ||
| 2022 | 2021 | ||||
| Unity bank | current account | 29,646.74 | 14,316.02 | ||
| Unity bank | deposit account | 4,196.52 | 13,164.08 | ||
| Ipswich Building Society treasury account |
23,539.83 | 15,843.35 | |||
| Cash in hand |
262.76 | 262.76 | |||
| 51545 85 | .43,5.85.21 | ||||
| 8. | CREDITORS: Amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| f | |||||
| Charitable | expenditure | etc | 5,328.63 | 4,791.02 | |
| 5,328.63 | 4,791.02 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Due | within | 1 year | 3,000 | 3,000 | |
| Due | after | 1 | year within 5years | 12,000 | 12,000 |
| Due | after | 5 | years | 60,750 | 63,750 |