| Contents | Page | |
| Reference and Administration | details | |
| Trustees' Report | 2-9 | |
| Independent examiners report |
10 | |
| Statement offinancial activities | ||
| Balance Sheet | 12 | |
| Statement ofCash Flows | ||
| Notes tothe Financial Statements | 14-24 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Note | Funds | Funds | Total Funds | Total Funds | ||
| E | E | F. | ||||
| Income a Endowments | ||||||
| Donations &Legacies |
2 | 90,522 | 90,522 | 637,205 | ||
| Charitable Activities |
3 | 259,955 | 246,622 | 506,577 | 101,988 | |
| Trading Activities | 4 | 39,735 | 39,735 | 37,920 | ||
| Other | 5 | 30,914 | 30,914 | 82,713 | ||
| Totallncome | 421,126 | 246,622 | 667,748 | 859,826 | ||
| Expenditure | ||||||
| Fundraising | 23,265 | 23,265 | 57,906 | |||
| Charitable Activities |
6 | 393,493 | 127,392 | 520,885 | 642,035 | |
| Trading Activities | 7,976 | 7,976 | 1,485 | |||
| Other | 7 | 43,183 | 43,183 | 31,817 | ||
| Total Expenditure | 467,917 | 127,392 | 595,309 | 733,243 | ||
| Net (expenditure)/income | (46,791) | 119,230 | 72,439 | 126,583 | ||
| Other recognised losses | ||||||
| Losses on revaluation fixed assets |
of | (375,736) | ||||
| Net movement in funds |
(46,791) | 119,230 | 72,439 | (249,153) | ||
| Funds Brought Forward | (68,110) | 64,564 | (3,546) | 245,607 | ||
| Funds Carried Forward | (114,901) | 183,794 | 68,893 | (3,546) |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| Fixed Assets | ||||
| Tangible Assets | 10 | 85,151 | 84,629 | |
| Heritage Assets | 79,887 | 79,887 | ||
| 165,038 | 164,516 | |||
| Current Assets | ||||
| Stocks | 5,156 | 1,500 | ||
| Debtors | 12 | 64,172 | 48,009 | |
| Cash at Bank and In | Hand | 31,826 | 167,033 | |
| 101,154 | 216,542 | |||
| Creditors: Amounts | Falling Due Within One Year | 13 | 138,466 | 229,414 |
| Net Current Liabilities |
(37,312) | (12,872) | ||
| Total Assets Less Current Uabilities | 127,726 | 151,644 | ||
| Creditors: Amounts | Falling Due After More Than One Year | 58,833 | 155,190 | |
| Net Assets | 68,893 | (3,546) | ||
| Charity Funds | 14 | |||
| Restricted Funds | 183,794 | 64,564 | ||
| Unrestricted Funds |
(114,901) | (68,110) | ||
| Total Funds | 68,893 | (3,546) |
| ear Ended 30April 20 | 22 | ||||
|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||
| Cash flow from operating | activities | 16 | (110,594) | 34,864 | |
| Cash flow from investing | activities | ||||
| Payments to acquire tangible |
fixed assets | (24,661) | (22,883) | ||
| Interest received | 48 | ||||
| Net cash flow from investing | activities | (24,613) | (22,883) | ||
| Cash flow from financing | activities | ||||
| Bank loan received | 50,000 | ||||
| Net cash flow from financing | activities | 50,000 | |||
| Net (decrease) Iincrease | in | cash and cash | equivalents | (135,207) | 61,981 |
| Cash and cash equivalents | at | 1 May | 167,033 | 105,052 | |
| Cash and cash equivalents | at | 30April | 31,826 | 167,033 | |
| Cash and cash equivalents | consists of: | ||||
| Cash at bank and in hand | 31,826 | 167,033 |
| 2 Donations and legacies | 2 Donations and legacies | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| 6 | |||
| Save The NVM Appeal | 68,783 | ||
| Corporate | Donors | 6,205 | 6,205 |
| Individual | Donors | 84,317 | 162,217 |
| Arts Council Grant | 400,000 | ||
| 90,522 | 637,205 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total Funds | Total funds | |||
| E | E | |||||
| Museum | Entry | 234,138 | 234,138 | 25,103 | ||
| Educational | Income | 17,683 | 17,683 | 418 | ||
| Grants | 8,134 | 246,622 | 254,756 | 76,467 | ||
| 259,955 | 246,622 | 506,577 | 101,988 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total Funds | Total Funds | |||
| E | E | E | E | |||
| Conference | Income | 4,317 | 4,317 | 1,889 | ||
| Consultancy | Income | 3,912 | 3,912 | 25,798 | ||
| Sponsorship | 2,295 | 2,295 | 8,754 | |||
| Museum | Shop Income | 23,634 | 23,634 | 1,479 | ||
| Private | Hire | 5,577 | 5,577 | |||
| 39,735 | 39,735 | 37,920 |
| Other Incom | e | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| E | |||
| Coronavirus | Job Retention Scheme | 30,866 | 45,041 |
| Sheffield City Council Grants | 37,672 | ||
| Bank Interest | 48 | ||
| 30,914 | 82,713 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| E | E | E | E | ||
| Visitor Services | 117,025 | 117,025 | 88,391 | ||
| Curatorial | 21,184 | 77,612 | 98,796 | 110,427 | |
| Learning | 14,705 | 14,705 | 22,294 | ||
| Executive Team | 12,755 | 17,815 | 30,570 | 101,521 | |
| Marketing | 15,260 | 14,202 | 29,462 | 40,051 | |
| Legal and Professional | Fees | 33,611 | 33,611 | 35,866 | |
| Estates Costs | 150,279 | 150,279 | 171,947 | ||
| Other staffing costs | 266,902 | 3,058 | 269,960 | 71,538 | |
| 617,016 | 127,392 | 744,408 | 642,035 | ||
| Exceptional asset purchase agreement | |||||
| price reduction | (223,523) | (223,523) | |||
| 393,493 | 127,392 | 520,885 | 642,035 |
| Summary o | fother co | sts incurred during the period |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| Governance | &Finance | Costs | 19,414 | 12,526 |
| Depreciation | 23,769 | 19,291 | ||
| 43,183 | 31,817 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Wages | and Salaries | 418,413 | 348,281 | |
| National | Insurance | 31,177 | 24,900 | |
| Pension | Contributions | 6,592 | 8,116 | |
| 456,182 | 381,297 | |||
| Average | monthly | number ofemployees | 28 | 21 |
| Fixtures & | ||||
|---|---|---|---|---|
| Equipment | Furniture | Fittings | Total | |
| E | ||||
| Cost/valuation | ||||
| 1May 2021 | 23,453 | 36,971 | 48,898 | 109,322 |
| Additions in year |
7,210 | 17,451 | 24,661 | |
| Disposals in year |
(666) | (666) | ||
| 30April 2022 | 29,997 | 36,971 | 66,349 | 133,317 |
| Depreciation | ||||
| 1May 2021 | 10,286 | 8,531 | 5,876 | 24,693 |
| Charge forthe year | 8,778 | 7,394 | 7,597 | 23,769 |
| Eliminated on disposal |
(296) | (296) | ||
| 30April 2022 | 18,768 | 15,925 | 13,473 | 48,166 |
| Net BookValue | ||||
| 30April 2022 | 11,229 | 21,046 | 52,876 | 85,151 |
| 30April 2021 | 13,167 | 28,440 | 43,022 | 84,629 |
| 2Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| Trade Debtors | 43,447 | 8,009 |
| Prepayments | 15,096 | |
| Accrued Income | 5,629 | 40,000 |
| 64,172 | 48,009 |
| 13Creditors: Amounts | Falling Due Within One Year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Bank Loan | 10,000 | 8,333 | |
| Trade Creditors | 51,636 | 40,437 | |
| Other Taxation and Social Security | 25,371 | 9,336 | |
| Other Creditors | 45,457 | 165,308 | |
| Accruals | 6,000 | 6,000 | |
| 138,464 | 229,414 |
| 3Creditors: Amounts Falling Due After Mor |
e Than One Year | |
|---|---|---|
| 2022 | 2021 | |
| Bankloan | 30,833 | 41,667 |
| Other Creditors | 28,000 | 113,523 |
| 58,833 | 155,190 |
| Year ended 30April 2022 | ||||
|---|---|---|---|---|
| Balance at 1 | Balance at30 | |||
| May 2021 | Income | Expenditure | April 2022 | |
| E | E | f | ||
| Unrestricted Funds |
(68,110) | 421,126 | (467,917) | (114,901) |
| Restricted Funds: | ||||
| Art fund Respond & Re- | ||||
| imagine | 36,000 | 36,000 | ||
| The Museum Association |
||||
| Animal Crossing |
28,564 | (28,564) | ||
| Playing with Power | 49,706 | (14,000) | 35,706 | |
| VocTech | 41,803 | (25,918) | 15,885 | |
| Children in Need |
9,974 | (9,874) | 100 | |
| English Heritage | 10,000 | (7,962) | 2,038 | |
| Game City Adventures | 33,104 | (33,104) | ||
| CERN | 8,758 | (2,832) | 5,926 | |
| Heritage Fund |
49,042 | 49,042 | ||
| Northfield Junior School |
17,259 | (5,138) | 12,121 | |
| ACE Living Collection | 26,976 | 26,976 | ||
| 64,564 | 246,622 | (127,392) | 183,794 | |
| Total Funds | (3,546) | 667,748 | (595,309) | 68,893 |
| Year ended 30April 2021 | Year ended 30April 2021 | ||||
|---|---|---|---|---|---|
| Balance at 1 | Balance at30 | ||||
| May 2020 | Income | Expenditure | April 2021 | ||
| E | E | f | |||
| Unrestricted | Funds | 236,627 | 783,359 | (1,088,096) | (68,110) |
| Restricted Funds: |
|||||
| CRM System | 8,980 | 2,300 | (11,280) | ||
| Art fund Respond 8 Re-imagine | 36,000 | 36,000 | |||
| The Museum Association Animal Crossing |
29,167 | (603) | 28,564 | ||
| Art Fund VHS | 9,000 | (9,000) | |||
| 8,980 | 76,467 | (20,883) | 64,564 | ||
| Total Funds | 245,607 | 859,826 | (1,108,979) | (3,546) |
| Year ended 30April 2022 | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| Fixed Assets | 165,038 | 165,038 | |
| Cash | (146,339) | 178,165 | 31,826 |
| Other current assets / (liabilities) | (74,767) | 5,629 | (69,138) |
| Creditors more than one year | (58,833) | (58,833) | |
| (114,901) | 183,794 | 68,893 | |
| Year ended 30April 2021 | |||
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| Fixed Assets | 164,516 | 164,516 | |
| Cash | 142,469 | 24,564 | 167,033 |
| Other current assets / (liabilities) | (219,905) | 40,000 | (179,905) |
| Creditors more than one year | (155,190) | (155,190) | |
| (68,110) | 64,564 | (3,546) |
| 2022 | 2021 | ||
|---|---|---|---|
| Net income for the period | 72,439 | 126,583 | |
| Interest receivable | (48) | ||
| Depreciation | 23,769 | 19,291 | |
| Loss on disposal oftangible fixed assets | 370 | 6,358 | |
| (Increase) in stock | (3,656) | ||
| (Increase) in debtors | (16,163) | (13,981) | |
| (Decrease) in creditors | (187,305) | (103,387) | |
| Net cash inflow from operating | activities | (110,594) | 34,864 |
| Total future minimum lease payments un |
der non-cancellable operating leas |
es are as follows: | |
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | |||
| Lease payments due no later than one year and no later than five years |
174,167 | 284,167 | |
| 19Related Party Transactions | |||
| There were no related party transactions | during the year (2021:6nil). |