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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees' report
.||||2-13|
|Independent|auditors'
report|on the financial statements||14-17|
|Consolidated|statement offinancial activities|||18|
|Consolidated|balance sheet|||19|
|Company balance sheet||||20|
|Consolidated|statement ofcash flows|||21|
|Notes tothe|financial statements|||22-38|
##
|Reference||and administrative
details ofthe Company,|and administrative
details ofthe Company,|and administrative
details ofthe Company,|its Trustees|its Trustees||and advisers|and advisers||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Forthe period ended 31|||March 2021||||||||||
|Trustees|||Michael Bedingfield,
Chair||||||||||
||||Lord John Steven Bassam||||||||||
||||Timothy John Meiior Aspinall||||||||||
||||Councillor Alan Robins||||||||||
||||Councillor
Phelim MacCafferty||(appointed||1 April 2020)||||||
||||Councillor Stephen Bell CBE(appointed|||1|April 2020)||||||
||||David James Charles Anderson||OBE||||||||
||||Jane Avard Weeks, Vice Chair||||||||||
||||Rebecca Crook, Chair of RPMT Enterprises|||||Ltd|||||
||||Brad Irwin||||||||||
||||Sue Wilkinson
OBE,Chair Nominations|||8|Remuneration|||Committee|||
||||Davinder
Dhillon DL||||||||||
||||Shaun Romain||||||||||
||||Atiya Gouriay (appointed|1 March 2021)|||||||||
||||Angela
Smith,
Chair Finance||& General|||Purpose|Committee||(appointed|1 April|
||||2020)||||||||||
|Company|registered||||||||||||
|number|||11774969||||||||||
|Charity registered|||||||||||||
|number|||1186986||||||||||
|Registered||oNce|4-5 Pavition
Buildings||||||||||
||||Brighton||||||||||
||||BN1 1EE||||||||||
|Chief executive oNcer|||Hedley Swain||||||||||
|Independent||auditors|Kreston Reeves LLP||||||||||
||||Chartered
Accountants||||||||||
||||Statutory Auditor||||||||||
||||A2Yeoman Gate||||||||||
||||Yeoman Way||||||||||
||||Worthing||||||||||
||||West Sussex||||||||||
||||BN133QZ||||||||||
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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
|||||2021|2021|2021|2021|2020|
||||Note||R||R||
|Income and|||||||||
|endowments||from:|||||||
|Donations
and||legacies|3|4,200,424|747,475||4,947,899||
|Charitable
activities|||4|235,520|||235,520||
|Other trading|activities||5'|67,815|||67,815||
|Other income|||6|304,627|172,404|169,375|646,406||
|Total income
endowments||and||4,808,386|919,879|169,375|5,897,640||
|Expenditure|on:||||||||
|Raising funds||||96,370|308||96,678||
|Charitable
activities||||2,871,709|552,801||3,424,510||
|Total expenditure||||2,968,079|553,109||3,521,188||
|Net income||||1,840,307|366,770|169,375|2,376,452||
|Transfers between|||||||||
|funds|||17|42,000|(42,000)||||
|Net movement
funds||In||1,882,307|324,?70|169,375|2,376,452||
|Reconciliation||of|||||||
|funds:|||||||||
|Net movement||in funds||1,882,307|324,770|169,375|2,376,452||
|Total funds carried
forward||||1,882,307|324,770|169,375|2,376,452||
##
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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash used in operating|activities||19|2,253,946||
|Change
in cash and cash|equivalents
in|the period||2,253,946||
|Cash and cash equivalents|at the beginning|ofthe period||||
|Cash and cash equivalents|atthe end of|the period|20|2,253,946||
|The notes on pages 22 to 38form part ofthese financial statements||||||
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021
R|2021
R|2021f|
|Donations||1,940,946|215,443|2,156,389|
|Grants||1,583,156|532,032|2,115,188|
|Government|grants|676,322||676,322|
|||4,200,424|747,475|4,947,899|
##
##
|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2021|
|||||||R||
|Income|from|charitable|activities.|- Maintenance|&advancement|235,520|235,520|
##
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2021|2021|
|K|R|
|67,815|67,815|
##
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||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2021|
||||R|R||R|
|CJRS grant|||23,502|||23,502|
|Other activities|||27,703|||27,703|
|Transfer|in ofRPMF brought|forward funds|253,422|172,404|169,375|595,201|
||||304,627|172,404|169,375|646,406|
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||R|R||
|Fundraising
costs||21,517|308|21,825|
|Costs of.raising voluntary|income|391||391|
|Costs ofraising voluntary|income - wages and salaries|33,058||33,058|
|Costs ofraising voluntary|income - social security|3,927||3,927|
|Costs ofraising voluntary|income - pension costs|8,175||8,175|
|||67,068|308|67,376|
##
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##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021f|2021|
|Cost ofsales||15,134|15,134|
|Administration|expenses|14,168|14,168|
|||29,302|29,302|
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||R||
|Maintenance|&advancement|2,871,709|552,801|3,424,510|
##
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2021|2021|2021|
|R||R|
|3,126,474|298,036|3,424,510|
##
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##
||||Maintenance
&|Total|
|---|---|---|---|---|
||||advancement|funds|
||||2021|2021|
||||R|R|
|Staff costs|||2,417,163|2,417,163|
|Materials, collections and conservation|||109,857|109,857|
|Computer costs|||114,483|114,483|
|Payments
to|other bodies||164,776|164,776|
|Rent, rates and utilities|||144,187|144,187|
|Establishment|costs||18,OO7|18,007|
|Security costs|||95,139|95,139|
|Cleaning|||18,148|18,148|
|Repairs and|maintenance||9,237|9,237|
|Advertising|||9,955|9,955|
|Postage and|stationery||665|665|
|Sundry expenses|||24,857|24,857|
||||3,126,474|3,126,474|
|Analysis of|support costs||||
||||Maintenance
&|Total|
||||advancement|funds|
||||2021
R|2021f|
|Telephone costs|||28,735|28,735|
|Audit and accountancy||fees|19,900|19,900|
|Insurance|||37,048|37,048|
|Legal and professional||costs|86,189|86,189|
|Recruitment|costs||2,305|2,305|
|Consultancy|costs||112,291|112,291|
|Travel and subsistence|||3,468|3,468|
|Subscriptions|||3,827|3,827|
|Bank charges|||73|73|
|Postage and|stationery||2,229|2,229|
|Sundryexpenses|||1,971|1,971|
||||298,036|298,036|
##
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##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||R||||
|Wages and|salaries|1,968,291||1,935,233||
|Social security costs||160,551||156,624||
|Contribution|to pension schemes|333,481||325,306||
|||2,462,323||2,417,163||
##
||Group|Group|Company|Company|
|---|---|---|---|---|
||2021|2020|2021|2020|
||No.|No.|No.|No.|
|Employees|215||208||
##
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##
|||||Group
2021|Group
2020|Company
2021|Company
2020|
|---|---|---|---|---|---|---|---|
||Finished|goods and goods for resale||316,757||311,274||
|15.|Debtors|||||||
|||||Group|Group|Company|Company|
|||||2021|2020|2021|2020|
|||||||R|E|
||Due within one year|||||||
||Trade debtors|||203,736||196,598||
||Amounts|owed by group undertakings||||89,005||
||Other debtors|||50,240||40,024||
||Prepayments||and accrued income|411,986||411,966||
|||||865,942||737,593||
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||R||R|F|
|Trade creditors||126,708||126,589||
|Other taxation and social security||518,584||515,005||
|Other creditors||5,331||5,331||
|Accruals and deferred|income|209,570||199,065||
|||860,193||845,990||
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||||||Transfers|31March|
|||||Income|Expenditure|in/out|2021|
|||||R|R|R|R|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Learning
appeal||||2,000|||2,000|
|Museum Objects Acquisition|||reserve|64,914|||64,914|
|Royal Pavilion fund||||123,194|||123,194|
|JHG Botswana||||54,748|||54,748|
|JHG designated||||133,203|(34,716)||98,487|
|||||378,059|(34,716)|||
|General funds||||||||
|General funds||||4,430,327|(2,933,363)|42,000|1,538,$64|
|Total Unrestricted|funds|||4,808,386|(2,968,079)|42,000|1,882,307|
|Endowment
funds||||||||
|Permanent
endowment||||169,375|||169,375|
|Restricted funds||||||||
|Museum
development||||366,692|(329,897)||36,795|
|Robertson Bequest||||15,450|||15,450|
|Hove Museum||||11,560|||11,560|
|Tomkinson
piano restoration||||8,792|||8,792|
|Adelaide Chinese wallpaper||||10,000|||10,000|
|Pagoda conservation||||12,667|||12,667|
|Art Fund new collecting sward||||30,426|(20,210)||10,216|
|Learning
appeal||||7,070||(2,000)|5,070|
|Museum
association|transformers|||3,000|||3,000|
|Schools archaeology|fund|||3,755|||3,755|
|Painting
conservation||fund||1,699|||1,699|
|Graham
Loder legacy||||7,509|||7,509|
|Jack Thompson
Hove||Museum||185,811|||185,811|
|Saloon project||||80|||80|
|ACE Catalyst||||40,000||(40,000)||
##
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##
|||||||Balance at|
|---|---|---|---|---|---|---|
||||||Transfers|31 INarch|
||||Income|Expenditure|in/out|2021|
||||R|R|R||
|RP garden|appeal||18,866|(6,500)||12,366|
|Heritage emergency||fund|178,472|(178,472)|||
|Creative Together|||16,140|(16,140)|||
|Archeology|gallery||1,890|(1,890)|||
||||919,879|(553,109)|(42,000)|324,770|
|Total offunds|||5,897,640|(3,521,188)||2,376,452|
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|Analysis|ofnet assets between fund|s -current period||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2021|2021|2021|2021|
|||R|R|R||
|Current|assets|2,742,500|324,770|169,375|3,236,645|
|Creditors|due within one year|(860,193)|||(860,193)|
|Total||1,882,307|324,770|169,375|2,376,452|
##
|Restricted|Total|
|---|---|
|funds|funds|
|2020|2020|
||Total|||||
|---|---|---|---|---|---|
|19.|Reconciliation
ofnet movement||in funds to net cash flow from operating|activities||
|||||Group|Group|
|||||2021|2020|
||Net income for the period (as per||Statement of Financial Activities)|2,376,452||
||Adjustments
for:|||||
||Decrease/(increase)|in stocks||(316,757)||
||Decrease/(increase)|in debtors||(661,374)||
||Increase in creditors|||855,625||
||Net cash provided|by operating|activities|2,253,946||
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