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|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|
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||||||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)|
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|||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)|
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|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|
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|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|
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||||||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|
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||||||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|
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|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|
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|||||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|
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|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|
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||||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|
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||||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|
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|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|
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|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|
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|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|
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|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)|
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|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)|
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|||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|
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|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).|||