2022-12-31-accounts

			Page
Report of	the Trustees
Report of	the Independent Examiner		12
Statement	of Financial	Activities	13
Statement	of Financial	Position	14
Notes to the Financial		Statements	15

We were pleased to the Eric Morecambe	We were pleased to the Eric Morecambe	We were pleased to the Eric Morecambe	be able to resume ou Centre.	r p	rogramme of	meetings, which all took place in the F	meetings, which all took place in the F	unction Roo	m	1 of
January 25'"			Brian Legg			Heartwood Forest, a transformed		landscape
February	22nd		Steve Potter			Made in StAlbans
March 22nd			Ewan Murray			70 years On the Crest ofaWave:		the History	of
						Harpenden Gang Show
April 26m			John Morewood			Discover, Protect, Innovate,	Inform —175years			of
the						'Arc 8 Arc'
May 24m			John and Pauline	Ridgewell		Redbourn, 70 years ago, through		the lens of
						John Heather
June 28			Sarah Keeling			StAlbans Town Hall: the Making		ofa Museum		and
						Gallery
September		27'"	Bob Redman			Elstree: Britain's Hollywood
October 25m			Jean Yates			The Met Office at Dunstable	and	forecasting	D-Day
November		22nd	AGM and Member's		Evening

Page 13

			31/12/2022	31/12/2021
			Total	Total
			Unrestricted	Unrestricted
		Notes	funds	funds
			E	E
Income and endowments	from:
oonations and legacies			3,170	2,799
Other trading activities			134	106
Investment Income and interest			14,273	13,872
Other income
Total incoming resources			17,577	16,777
Expenditure on Charitable	Activities
Charitable activities			14,365	9,107
Total expenditure			14,365	9,107
Net income/(expenditure)	for the period		3212	7,670
Net gains/(losses) on investments		14	(71,131)	19,952
Net income/(expenditure)			(67,918)	27,622
Reconciliation offunds:
Total funds brought forward			762,744	735,122
Total funds carried forward			664 626	762,744

						31/12/2022	31/12/2021
						Total	Total
						Unrestricted	Unrestricted
				Notes		funds	funds
						6	f
Fixed assets
Tangible assets						168,006	43,787
Heritage assets
Investments	held for more than one year				12	459,711	521,542
Total fixed assets						627,717	565,329
Current assets
Debtors					16	5,516	499
Investments	held for	less	than one year		13	0	170,930
Cash at bank	and in	hand			15	62,677	27,415
Total current assets						68,193	198,844
Creditors: amounts		falling due within one year			17	1,084	1,429
Net current	assets/(liabilities)					67,109	197,415
Total assets	less current		liabilities			694,826	762,744
Funds ofthe	Charity
Unrestricted	funds				18	694,826	762,744
Totalfunds						694826	762,744

						Notes	Notes	31/12/2022	31/12/2022	31/12/2021	31/12/2021	31/12/2021
								Total		Total
								Unrestricted		Unrestricted
								funds		funds
								E		E
2. DONATIONS	AND LEGACIES
Membership subscriptions								2,202		2,032
Income tax refunds									533			475
Gifts and donations								435				292
Legacies received
								9179		2799
Gifts and donations
								31/12/2022		31/12/2021
								Total		Total
								Unrestricted		Unrestricted
								funds		funds
3. OTHER TRADING		ACTIVITIES
Sales of literature	and publications							134			106
									134			106
								31/12/2022		31/12/2021
								Total		Total
								Unrestricted		Unrestricted
								funds		funds
								E		E
4. INVESTMENT	INCOME
Interest receivable		on Sarasin Endowment		Fund			12		53			1
Interest receivable		on Sarasin Income and		Reserves	Fund		12		37			1
Interest receivable		on Blackrock	Liquidity	Income			13		41			1
Bank d epos it interest									34	135
Dividends and other investment			income -	Sarasin long term funds			12	14,108		13,735
								~gJrs		29	972
5. CHARITABLE ACTIVITIES COSTS
						Direct		Support		Total
						Costs		Costs		Costs
						note	6	Note 7
						E
Charitable Activities							9,472	4,892		14,365
							9472	4892		14365

									31/12/2022	31/12/2022	31/12/2021
									Total		Total
									Unrestricted		Unrestricted
									funds		funds
									E		E
6.DIRECT COSTS OF CHARITABLE				ACTIVITIES
Museum	operating		costs (Including	rent and service charges)					4,647		408
Museum	assets depreciation								2,572		147
Meetings	expenses								1,476		502
Website	costs									240	2,569
Costs of	maintaining		the collection								260
Publications		costs
News letter		costs								537	494
									9	472	4,381
7.SUPPORT COSTS
					Admin.		Finance		Investment		Support
									Management		Costs
											E
Charitable		activities				401		748	3,744		4,892
						401		748	3,744		4,892

12. INVESTMENTS	12. INVESTMENTS	HELD FOR MORE THAN 1YEAR	HELD FOR MORE THAN 1YEAR	HELD FOR MORE THAN 1YEAR	31/12/2022	31/12/2022	31/12/2022	31/12/2021
					Sarasin	Sarasin	Sarasin	Sarasin
					Endowment	Income &	Total Funds	Total Funds
					Fund	Reserves
						F.
Opening	valuation				325,808	195,734	521,542	446,390
Transfer to Blackrock ICS Sterling				Fund (Note 13)				44,990
Investment charges			levied		(2,285)	(1,355)	(3,640)	(3,514)
Interest	received				53	37	90	1
Realised	Gain/Losses		(see note 14)					1,134
Investment income					8,374	5,734	14,108	13,735
Surplus	on valuation		(see note 14)		(38,100)	(34,289)	72,389	18,806
Closing	valuation	at	market value		293850	165861	459711	521,542

13. INV	ESTMENTS	HELD	HELD	FOR LESSTHAN 1YEAR	FOR LESSTHAN 1YEAR		31/12/2022	31/12/2021
							Blackrock	Blackrock
							ICS Sterling	ICS Sterling
							Fund	Fund
							E	E
Opening	valuation						170,930	246,318
Transfer to Sarasin			Funds	(see Note 12)				(44,990)
Transfer to Lloyds		Bank current account					(171,918)	(30,000)
Interest	received (see note 4)						41	1
Charges taken from			fund				(312)	(410)
Realised gains/(losses)							1,258
Surplus	on valuation		(see	note 14)				12
Closing	valuation	at market value						170,930
							31/12/2022	31/12/2021
							Total	Total
							Unrestricted	Unrestricted
							funds	funds
14.NET/GAINS/(LOSSES)				ON INVESTMENTS			E	E
Surplus	on valuation		at 31/12/2021 for long term funds			(gross ofcharges)	(72,389)	18,806
Surplus	on valuation		at 31/12/2021 for short term funds					12
Realised	gains/(losses) from long term funds							1,134
Realised	gains/(losses) from short term				funds		1,258
							71131	19,952
15. CASH AT BANK		AND IN HAND					31/12/2022	31/12/2021
							Total Funds	Total Funds
							E	E
Shawbrook Bank 60day notice account					- Issue 2		0	7,123
Lloyds Bank current		account					62,677	20,292
							62 677	27,415
16. DEBTORSLAMOUNTS				FALLING DUE WITHIN ONE YEAR			31/12/2022	31/12/2021
							Total Funds	Total Funds
							F.	E
Prepayments							5,516	499
							t 516	499
17. CREDITORS:AMOUNTS				FALLING DUE WITHIN ONE		YEAR	31/12/2022	31/12/2021
							Total Funds	Total Funds
							E	f
Accruals	and deferred		income				1,084	1,429
							1084	1,429

16. DEBTORSLAMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
Prepayments
17. CREDITORS:AMOUNTS	FALLING DUE WITHIN ONE	YEAR
Accruals and deferred income

for the Peri (Continued)	od end	od end	ed	31	December 2022
18. MOVEMENT	IN FUNDS					at 01.01.22		Net	Transfers	at 31.12.22
							Movement		between
Unrestricted Funds							in	Funds	funds
General Fund						50,357		(67,918)	40,000	22,438
Designated Fund	-	Museum	Development			712,387			(40,000)	672387
Total Unrestricted		Funds				762744	~67918			694826
Net movements	in funds,		included		in the above are as follows
							Incoming		Resources	Movement
Unrestricted Funds							Resources		Expended	in Funds
General Fund								(53,554)	(14,365)	(67,918)
Designated Fund	-	Museum	Development					0	0	0
Total Unrestricted		Funds						53,554	~14,366	~(67,916
Comparatives for	movements			in funds
						at 01.01.21		Net	Transfers	at 31.12.21
							Movement		between
Unrestricted Funds							in	Funds	funds
General Fund						62,735		27,622	(40,000)	50,357
Designated Fund	- Museum		Development			672,387			40,000	712,387
Total Unrestricted	Funds					735 122		27622		762,744
Net movements	in	funds, included			in the above are as follows
							Incoming		Resources	Movement
Unrestricted Funds							Resources		Expended	in Funds
General Fund								36729	(9,107)	27622
Designated Fund - Museum Total Unrestricted Funds			Development					36729	~9167	0 27622