||||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|
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|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||||||
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Page 13
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||||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|
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|||||||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|
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|||||||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|||
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||||||||||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|
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|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|
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|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|||
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|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|
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