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|Contents|Page|
|---|---|
|Reference and administration
details||
|Trustees report||
|Statement oftrustees
responsibilities||
|independent
Examiners
report||
|Statement
offinancial
activities||
|Balance sheet|10|
|Notes tothe financial statements||
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||||||Forthe|year ending|31March 2023|31March 2023|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||unrestricted|Restricted||Endowment|Total|Tota I|
|||||Notes|Funds|Funds||funds|2022/23|2021/22|
||||||E|E|||E|f|
|Incoming resources:||||||||||(see note ts)|
|Activities to further the|charitable||objectives|2|||||||
|Grants|||||28,000|15,929|||43'929|108,824|
|Subscriptions|||||3,584||||3,584|3,047|
|Donations
and legacies|||||12,683||||12,683|14,923|
|Education
Income|||||14,890||||14,890|6,786|
|Museum
Admission|fees||||23,327||||23,327|14,988|
|Activities to generate funds|||||||||||
|Fundraising|||||1,142||||1,142|5|
|Shop Sales||||3|11,125||||11,125|7,479|
|Tourist Information|Centre|||4|25,896||||25,896|17,089|
|Other income|||||3,243||||3,243|5,838|
|Interest receivable|||||880|||||20|
|Total incoming resources|||||124,770|15,929|||140,699|178,999|
|Expenditure
on:|||||||||||
|Costs ofgenerating
funds|||||||||||
|Fundraising|||||206||||206|20|
|Shop - Cost ofsales|||||7,096||||7,096|3,413|
|Total costs ofgenerating||funds|||7,302||||7302|3,433|
|Net Incoming resources|available||for||||||||
|charitable
application|||||117,468|15,929|||133,397|175,566|
|Resources expended|||||||||||
|Charitable
expenditure|||||||||||
|Cost ofoperating the||museum|||126,410|28,526||7,704|162,640|145,827|
|Managing
and administering|||the CIO||8,522||||8,522|8,738|
|Total resources expended|||||134,932|28,526||7,704|171,162|154,566|
|Net incoming
(outgoing)|resources before||||||||||
|transfers|||||(17,464)|(12,597)||(7,704)|(37,766)|21,000|
|Transfers|||||(145)||145||||
|Net incoming
(outgoing)||resources after|||||||||
|transfers|||||(17,609)|(12,452)||(7,704)|(37,766)|21,000|
|Totalfunds
at 1April 2022|||||191,865|26,700||556,976|775,540|754,540|
|Total funds at 31March|2023||||174,256|14,248||549,271|737,775|775,540|
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|||BALANCE S|HEET|||
|---|---|---|---|---|---|
|At 31stMarch 2023||||||
||||Notes|2022/23|2021/22|
|||||f|f|
|Fixed assets:||||||
|Tangible assets||||582,385|590,090|
|Current assets:||||||
|Stock||||4,914|4,361|
|Debtors||||5,635|4,434|
|Cash at bank and|in|hand||152,129|179,798|
|||||162,678|188,593|
|Liabilities:||||||
|Creditors: Amounts||falling due within one year|9|(7,288)|(3,142)|
|Net current assets||||155,389|185,451|
|Net Assets||||737,775|775,540|
|Capital funds||||||
|Endowment|||10|549,271|556,976|
|Unrestricted
funds||||||
|Unrestricted|||14|171,318|188,922|
|Designated|||11|2,937|2,943|
|||||174,256|191,865|
|Restricted funds|||12|14,248|26,700|
|Total||||737,775|775,540|
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||||Unrestricted|Restricted|Totalfunds|Tota Ifunds|
|---|---|---|---|---|---|---|
||||funds|funds|2022/23|2021/22|
|Mid Devon District Council|||||||
|Service Level Agreement|||27,500||27p500|27,500|
|Covid-19 Support||||||24,000|
|Tiverton Town Council - GeneralFund|||500||500|500|
|Tiverton War Memorial||||500|500|500|
|Viscount Amory's
Charitable||Trust - Education||9,000|9,000|9,000|
|Girdlers Company
Education||||||1,090|
|Heritage Compass||||||2,400|
|Norman
Family Charitable|Trust|||||5,000|
|Elmgrant Trust||||||500|
|Devon County Council Locality budget||||1,947|1,947||
|Bristol Council- Tiverton Tots||||3,000|3,000||
|Groundwork-
Kids in Tiverton||||500|500||
|Bristol Council- On display||||747|747||
|Collections
rationalisation||||235|235|348|
|Art Council||||||37,622|
|Posy ring||||||300|
|Coronavirus
job retention|scheme|||||64|
||||28,000|15,929|43,929|108,824|
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|Tourist Information
|Centre|||
|---|---|---|---|
|||2022/23|2021/22|
|||6|6|
|Coach agency and job centre||17,210|7,535|
|Fees and accommodation|listings|4,114|4,754|
|Theatre tickets and events||72|300|
|||21,396|12,589|
|Grant towards
running
costs **||4,500|4,500|
|Total Tourist Information|Centre income|25,896|17,089|
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|Resources ex|pe|nded||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Managing|and|||
||||||Costs ofoperating the||museum|administering||||
||||||Endowment|Unrestricted|Restricted|Unrestricted||Total|Total|
||||||expenditure|expenditure|expenditure|expenditure||2022/23|2021/22|
||||||f|f|f|f||f|f|
|Water||||||509||||509|215|
|Insure nce||||||4,007||||4,007|3,811|
|Light and heat||||||8,591||||8,591|5,911|
|Upkeep and maintenance||||||9,393||||9,393|18,262|
|Postage||||||404|||404|807|1,269|
|Telephone||||||408|||408|817|1,363|
|Stationery,
printing||and copying||||781|||781|1,563|2,080|
|Othercosts||||||2,550||4,101||6,652|4,454|
|Subscriptions|||||||||638|638|203|
|Accountancy
and|Examination|||fees|||||2,190|2,190|2,830|
|Collection and display||||||505||||505|426|
|Event Expenditure||||||190||||190||
|Advertising
and marketing||||||4,810||||4,810|2,266|
|Curator's
Fund||||||6||||6||
|Education costs||||||986||||986|831|
|Salades||||||73,561|15,543|||89,104|49,401|
|Tivvy Bumper appea||I|||||133|||133|627|
|Tourist Information||Centre||||19,709||||19,709|6,565|
|Art Council|||||||2,700|||2,700|37,969|
|Girdlers Company|||||||||||193|
|Norman
Family Charitable|||Trust||||3,558|||3,558|1,424|
|Elmgrant
Trust|||||||445|||445||
|Tiverton War Memorial|||||||968|||968||
|Locality Budget Evacuation|||Chair||||2,037|||2,037||
|Tiverton Tots|||||||3,142|||3,142||
|Viscount Amory's|Trust||||||||||6,760|
|Depreciation|||||7,704|||||7,704|7,704|
|Total Expenditure|2022/23|||||126,410|28,526|8,522||171,162||
|Total expenditure|2021/22||||7,305|91,150|47,372||8,739||154,566|
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||Freehold|
|---|---|
|Cost||
|at 1April 2022 and 31March 2023|770,445|
|Accumulated
depreciation||
|at 1April 2022|180,355|
|Charge for year|7,704|
|at31March 2023|188,060|
|Net Book Value||
|at31March 2023|582,385|
|at31March 2022|590,090|
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|7.|Stock|||
|---|---|---|---|
|||2022/23|2021/22|
|||f|f|
||Shop|4,914|4,361|
|8.|Debtors and prepayments|||
|||2022/23f|2021/22 f|
||Debtors|4,515|2,947|
||Other Debtors|1,120|1,487|
|||5,635|4,434|
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|Creditors (Amounts
due within one y|ear)||
|---|---|---|
||2022/23|2021/22|
||f|f|
|Sundry creditors|3,699|2,359|
|Accruals|300|300|
|Other Creditors|3,289|484|
||7,288|3,142|
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|new galleri|es.||
|---|---|---|
|||E|
|As at 1April|2022|556,976|
|Depreciation|Charge|7,704|
|As at 31March 2023||549,271|
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|Endowmen|t
funds (prior year comporativesf||
|---|---|---|
|||E|
|As at 1April|2021|564,281|
|Depreciation|Charge|7,305|
|As at 31March 2022||556,976|
##
|The resources|The resources|ofthe charity include the following|designated|designated|funds which|have been earmarked|have been earmarked|out|
|---|---|---|---|---|---|---|---|---|
|ofunrestricted||funds for specific purposes—|||||||
|||Balance||1||Utilised/|Balance|31|
|||April 2022|||Designations|released|March 2023||
||||E||E|E|E||
|Curator's|fund|||2,943|||l6)|2,937|
|||||2,943||||2,937|
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|Designate|d
funds (prior year|comparotives)||||||
|---|---|---|---|---|---|---|---|
|||Balance|1||Utilised/|Balance|31|
|||April 2021||Designations|released|March 2022||
|||E||E|E|E||
|Curator's|fund||2,943||||2,943|
||||2,943||||2,943|
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|Restricted funds||||||||
|---|---|---|---|---|---|---|---|
|||Balance 1|||||Balance 31|
|||April|2022|Receipts|Expenditure|Transfers|March 2023|
|||E||E|E||E|
|SirJohn Amory
Fund|||8,000||||8,000|
|Tivvy Bumper Appeal|||2,843||(133)||2,710|
|Collections rationalisatian|||1,556|235|||1,791|
|Art Council|||2,700||(2,700)|||
|Education Development|||6,543|9,000|(15,543)|||
|Collections fund (can &acq)|||500||||500|
|Norman
Family Charitable|Trust||3,558||(3,558)|||
|Elmgrant Trust|||500||(445)|(55)||
|Tiverton War Memorial|||500|500|(968)|(32)||
|Devon County Council Locality budget||||1,947|(2,037)|90||
|Bristol Council - Tiverton Tats||||3,000|(3,142)|142||
|Groundwork
—Kids in Tiverton||||500|||500|
|Bristol Council -On display||||747|||747|
|Totals||26,700||15,929|(28,526)|145|14248|
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|||Balance 1|Balance 1||||Balance 31|
|---|---|---|---|---|---|---|---|
|||April|2021|Receipts|Expenditure|Transfers|March 2022|
|||E||E|E||E|
|Sir John Amory Fund|||8,000||||8,000|
|Attracting
Audiences,
Securing our Future||(1,792)||||1,792||
|Tivvy Bumper Appeal|||3,470||(627)||2,843|
|Collections rationaiisation|||1,066|490|||1,556|
|Visit Mid Devon|||(S65)|||565||
|Communities
Together Visit Mid Devon Photograi|||(118)|||118||
|Art Council"||10,021||37,622|(44,943)||2,700|
|Education
Development|||9,000|10,090|(12,547)||6,543|
|Posy Ring|||(350)|350||||
|Collections fund (con &acq)|||500||||500|
|Heritage Compass||||2,400|(2,400)|||
|Norman
Family Charitable|Trust|||5,000|(1,442)||3,558|
|Elmgrant
Trust||||500|||500|
|Tiverton
War Memorial||||500|||500|
|The Authers
Gallery Fund|||||(399)|399||
|Totals||29,232||56.952|(62,358)|2,874|26,700|
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|Analysis of net assets between
f|unds||||
|---|---|---|---|---|
||Unrestricted|Restricted|Emdowment|TotalFunds|
||funds|funds|funds|2022/23|
||E|E||E|
|Tangible fixed assets|33,114||549,271|582,385|
|Net current assets|141,141|14,248||155,389|
|Ne't Assets|174,255|14,248|549,271|737,775|
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|13.Analysis of net assets between fu|nds (prior year compa rat|ives)|||
|---|---|---|---|---|
||Unrestricted|Restricted|Emdowment|Total Funds|
||funds|funds|funds|2021/22|
|Fund Baionces at31March 2022|E|E||E|
|Tangible fixed assets|33,114||556,976|590,090|
|Net current assets|158,750|26,700||185,450|
|Net Assets|191,864|26,700|556,976|775,540|
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|Movement|in funds||||||
|---|---|---|---|---|---|---|
|||Balance 1||||Balance 31|
|||Apdl 2022|Income|Expenditure|Transfers|March 2023|
|Income Funds|||||||
|Unresistrictad||188,922|124,770|(142,229)|(145)|171,318|
|Designated||2,943||||2,937|
|Total Income|funds|191,865|124,770|I142,234)|(145)|174,256|
|Endowment|funds|556,976||(7,704)||549,271|
|Restricted funds||26,700|15,929|(28,526)|145|14,248|
|Tatal funds||775,540|140,699|(178,465)||737,775|
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|||Balance 1||||Balance 31|
|---|---|---|---|---|---|---|
|||April 2021|Income|Expenditure|Transfers|March 2022|
|Income Funds|||||||
|Unresistrictad||158,084|122,047|(88,335)|(2,874)|188,921|
|Designated||2,943||||2,943|
|Totallncome|funds|161,027|122,047|(88,335)|(2,874)|191,864|
|Endowment|funds|564,281||(7,305)||556,976|
|Restricted funds||29,232|56,952|(62,358)|22I74|26,700|
|Tote(funds||754,540|178,999|(157,999)||775,540|
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|||2022/23|2021/22|
|---|---|---|---|
|||E|f|
|Independent|Examination|300|300|
|Accounts Preparation||||
|Payroll||||
|||300|300|
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|||||2022/23|2021/22|
|---|---|---|---|---|---|
|||||f||
|Salaries &|Wages|||83,760|53,435|
|Employers|National||Insurance|2,115|106|
|Pensions||||3,229|2,136|
|||||89,104|55,677|
|Less Government||Job Retention Scheme|||(64)|
|Net Employee costs||||89,104|55,613|
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|||2022/23|2021/22|
|---|---|---|---|
|||f|f|
|Trustees|remuneration|Nil|Nil|
|Trustees|expenses|Nil|Nil|
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||||||For the|year ending 31March 2022|year ending 31March 2022||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|
|||||Notes|Funds|Funds|funds|2022(22|
||||||E|||f|
|Incoming resources:|||||||||
|Activities to further the charitable|||objectives||||||
|Grants|||||66,858|41,966||108,824|
|Subscriptions|||||3,047|||3,047|
|Donations
and legacies|||||14,923|||14,923|
|Education
Income|||||6,786|||6,786|
|Museum
Admission|fees||||14,988|||14,988|
|Activities to generate funds|||||||||
|Fundraising|||||5|||5|
|Shop Sales|||||7,479|||7,479|
|Tourist Information|Centre||||17,089|||17,089|
|Other income|||||5,838|||5,838|
|Interest receivable|||||20|||20|
|Total incoming resources|||||137,033|41,966||178,999|
|Expenditure
on:|||||||||
|Costs ofgenerating
funds|||||||||
|Fundraising|||||20|||20|
|Shop - Cost ofsales|||||3,413|||3,413|
|Total costs ofgenerating||funds|||3,433|||3,433|
|Net Incoming resources|available||for||||||
|charitable
appli«ation|||||133,600|41p966||175,566|
|Resources expended|||||||||
|Charitable
expenditure|||||||||
|Cost ofoperating the||museum|||91,150|47,372|7,305|145,827|
|Managing
and administering|||the CI0||8,738|||8,738|
|Total resources expended|||||99,888|47,372|7,305|154,566|
|Net incoming
(outgoing)|resources before||||||||
|transfers|||||33,712|(5,406)|(7,305)|21,000|
|Transfers|||||(2,874)|2,874|||
|Net incoming
(outgoing)|resources after||||||||
|transfers|||||30,838|(2,532)|(7,305)|21,000|
|Tota I funds at 1April 2021|||||161,027|29,232|564,281|754,540|
|Total funds at 31March|2022||||191,865|26,700|556,976|775,540|