2022-03-31-accounts

Registered number.. 11774969 Charity number: 1186986 Royal Pavilion and Museums Trust (A company limited by guarantee} Trustees. report and financial statements For the year ended 31 March 2022

Trustees	Trustees			MichaelBedingfield,Charr
				AngelaSmith,ChairFinance&GeneralPurposeCommittee
				AtiyaGourlay
				BradInnrin
				CouncilorAlanRobins
				CouncillorPheGmMacCafferty
				CouncillorSfephenBellCBE
				C}avidJamesCharlesAndersonOBE
				DavinderDhillanDL
				JaneAvardWeeks.ViceChair
				LordJohnStevenBassani
				RebeccaCraok,ChairofRPMTEnterprisesLtd
				ShaunRcsm~in
				SueWilkinsonOBE,Chairhlominatians~RemunerationCommittee
				TimothyJohnMcElorAspinall
f.	. .. i.	'f	~'',
number				11774969
Charityregistered
number				11869$6
registered		affice		4-5PavilionBuildings
				Brighton
				BN11~E
Chiefexecutiveofficer				HedleySwain
Independentauditors				KrestonReevesLLP
				CharteredAccountants
				9DonningtonPark
				85BirdhamRoad
				Chichester
				WestSussex
				PO207AJ

Fort	heperiodunderreviewourkeyperformanceindicatorswerea	sfollows:
No.	theyPerformanceIndicafiors VisitorstotheRayalPavi(ianandMuseums	2'1-22Target 173,000	1-22Achieved 183,181
	SatisfactionlevelsofvisitorstoRayalPavilion endMuseums	95%	95%
No. No. £ No.	Children&YoungF'eapleparticipatinginfarmai learningactivityonsite WebsitesessionsfortheRoyalPavilionandMuseums Earnedincome ResidentsvisitingRoyalPavilionandMuseums	6,000 750,00 £5.109m 35,000	5,413 .820,608 £6.668m 30,455

furMuseums
~t~~u~	Visits	a#isfaction
TheRoyalPavilian	95,283	98%
rightanMuseum~ArtGallery	62,261	34°!0
HoveMuseum&ArtGallery	6,44	Nadata
BoothMuseumofNaturalHistory	13,789	80%
PrestonManor	5,364	100%

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7 November 2022
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Royal Pavilion and Museums Trust

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Royal Pavilion and Museums Trust (continued)

Opinion

We have audited the financial statements of Royal Pavilion and Museums Trust (the 'parent charitable company') and its subsidiaries (the 'group') for the period ended 31 March 2022 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 March 2022 and of the Group's incoming resources and application of resources, including its income and expenditure for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider

Page 18

Royal Pavilion and Museums Trust

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Royal Pavilion and Museums Trust (continued)

whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or

• the parent charitable company has not kept sufficient accounting records; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 19

Royal Pavilion and Museums Trust

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Royal Pavilion and Museums Trust (continued)

Capability of the audit in detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related to posting inappropriate journal entries to increase income or reduce expenditure, management bias in accounting estimates and judgemental areas of the financial statements such as the allocation of funds. Audit procedures performed by the engagement team included:

• Discussions with management and assessment of known or suspected instances of noncompliance with laws and regulations (including health and safety) and fraud, and review of the reports made by management and internal audit; and

• Assessment of identified fraud risk factors; and

• Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud; and

• Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and

• Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and

• Reading minutes of meetings of those charged with governance; and

• Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and

• Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the

Page 20

Royal Pavilion and Museums Trust

(A Company Limited by Guarantee)

Independent Auditor's Report to the Members of Royal Pavilion and Museums Trust (continued)

effectiveness of the charitable company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.

• Conclude on the appropriateness of the Trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of my Auditor's Report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves LLP Chartered Accountants Statutory Auditor

Chichester

Date: 17 November 2022

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 21

		Unrestricted	Unrestricted	Restricted	~ndawmen#	Iota!		Total
			funds	funds	faands	funds		funds
			2022	2022	2022	2Q22		2021
	Note		£	£	£	£		£
Incameand
ent~ameatsfroth:
Donatiansandlegacies	3	J	S IVJ~il~J	Cl~&7y'4VV			a♦	~t •
Charitableactivities	4					s~~e•
Othertradingactivities	5		823,104
Qtherincome	6		24,7°11	-	-		r~r	j~•
Iota(incomeand
BttdOWCTt@t1~~		.	~11	at!.		o,9orr,wra	a;o~r,v~ry
~a~penditureon:
Raisingfunds	7		~~j~~	a	m	32 ,555	96,678
Charitableactivities	8	7,027,0'1~		67$,846		7,7Q5,864	3;424,510
•;						8,031, '18	3,521,188
•
~ecor~ciliationof
fittnd~;
Totalfundsbroughf
forward		'1,$2,07		324,770	'169,375	2,376,452		-
Netmovementinfunds		O,552,562}		189,620	-	('1,362,942)	2;376,452
Tot~3fundscarried
~C}T`W~Cd			329,745	5'14,390	169y375	9,0°13, 1Q	2,376,452

				GULL		G1,J2
	~Ot@			~		~
~.
Currentas~et~
Stocks	14	265,78			316;757
Debtars	15	490,513			665,942
Cashatbankandinhand		3,298,200			2,253; 946
					3,236,645
Creditors:amountsfallingduewithinone year	16	(~i,040,	1)		{860,193)
Netcurrentassets				x,013,1~		2;376,452
`totalassetslesscurrent1i~bilities				3,013,510		2,375,452
Creditors:amountsfallingdueaftermore thanoneyear	17			(2,000,00}
Netassefi~excludingpensionasset				1,013,6'10		2,376,452
7`ataEnetassets				1,013,51		2,376,452
Endowmentfunds	18			'165,375		169,375
Restrictedfunds	1~			5'i4,390		324,770
Unrestrictedfunds	18			328,745		1,582,307
Totalfunds				1,013,510		2,376,452

7 November 2022

SIX@t~dS~~tS
Ii1V@Stt7Y8tltS	~~		~		~
			~		~
~UrC~tlt8SS8ts
StOCkS	14	216,913		311,274
Debtars	15	727,791		.737,693
Cashatbankandinhand		a,4ss,~~s		Z,az2,~o~
		3,414,12t~		3,071,075
Creditars:amauntsfailingduewithinone year	16	(966,488}		(845,990}
Netcurrenfarse₹s			2,448, 32		2,225,085
TatalassetslesscurrentLiabilities			2,44,033		2,225,Q86
Creditors:amountsfallingdueafitermore
thanoneyear	1		~L9i7S/LlyVVLI~
Netassetsexcludingpensionasset			448,033		2,225,086
Iota[netassets			448, 33		2,225,fl86
,'t►~i'F.1'~'~`~'ftT.'
Restric₹edfur~ds	18	51 ,390		324;770
Restrictedfl~nds	18		514,390		324,770
Unrestrictedfunds	18		(66,357)		1,900,316
Totalfunds			448,033		2,225,086

7 November 2022

		2422	2021
	~t~	£	£
Cashflowsfromoperatingactivfti~s
Netcashusedrnoperatingactivities	20	(955,76)	2,253,946
Gashflowsfrom~nv~s#ingactivities
Netcashprav~debyinvestingactivities
Cashflowsfromfinancingactivities
Cashinflowsfromnewborrowing		~~~~~i~~~
Netcashprovidedbyfinanc'sngactivities		2,000,000
Changeingashandcashequivalentsintheyear		1,(344,254	2,253,946
Gashandcashequivalentsatthebeginningoftheyear		z,253~46
Cashandcashequivalentsattheendoffi eyear	21	3,23,200	2,253,946
Thenotesonpages28to5Uformparfofithesefrnanera(statements

	Unrestricted	Restricted	Total	Total
	funds	funds	#tends	funds
	2Q2	2022	2A22	2021
	£	£	£	£
Grantsanddanations	2,825; 72	868,466	3,694,33	4;271,577
Governmentgrants	277;431	-	277,431	676,322
	3,1Q3,3Q3	868,466	3,971,769	4,947,899
Tota12021	4,20Q;424	747,475	4,947.899
.•
		Unrestricted	Totai	Total
		funds	funds	funds
		2022	2022	2021
		£	£	£
Incomeromcharitableactivities-Maintenance&
advancement		:~: •	z•i*
Total2021		235,520	235,520

	Ur~re~trr~t~d	TOtB~	T0ta~
	funds	funds	funds
	zoaz	202	2Q21
Salesinthetradingsubsidiary	823,104	823,104	67, 15
Total2021	~7~$~'	67, 15

	UCiY@Stt'IGt~(~	R@S~CIG~@(~	~CiCIOWITt@tt~	TUt~I	T0tBI
	funds	funds	funds	funds	funds
	2022	2022	2022	2(}22	2021
	£	£	£	£	£
CJRSgran	7,790	-	-	7,790	23,502
Qtheractivities	16,92'1	-	-	16,921	27,703
TransferinofRPMFbresught forwardfunds	-	-	-	-	595,201
	24,711	-	-	24,711	646,406
Tota12021	3x4,627	172,404	169,375	646,406

	_,	.,	Total	Total
			funds	funds
	~~,	r	2l~22	2021
			£	£
Fundraisingcosts	29.026		29,026	21,825
Cossofraisingvoluntarysncome				391
Castsofraisingvoluntaryrncame-wagesand salaries	59,231	-	59,231	33,058
Cos#sofraisingvoluntaryincome-IVI	5.443	-	5,443	3,927
Gostsoraisingvoluntaryincome-pension costs	10,543	-	'Ifl,543	8,175
	104,243	-	144,243	67,376
Ttl2021	67.068	3d8	67.376

	Unrestricted	To#al	Total
	funds	fiends	funds
	2022	2Q22	2021
	£	£	£
Castofsales	205,422	205,422	15,134
Administrationexpenses	15,890	15,89Q	14,168
	221,312	22'1,312	29,302
Total2021	29,302	29,302

	funds	funds	Total	Tokal
	2022	2022	2022	2021
	£	£	£	£
Maintenance&advancement	7,027;Q18	678,846	7,T0 ,~64	3,424,510
Tatal2Q21
	Activities
	undertaken	Support	Total	Total
	direcfly	costs	fiends	funds
	2t?22	2022	2Q22	2021
	£		£	£
Maintenance&advancement	7,208;944	496,920	7,705,864	3,424,510
Tota12021	3,126;474	298,036	3,424,510

	Maintenanc
	e~
	advanceme	Tatal	Total
	nt	funds	funds
	2022	2022	2021
	£	£	£
Staffcosts	5,134,37$	5,134,37$	2,417,163
Materials,collectionsandconservation	277,04Q	277,040	109,857
Computercosts	211,207	211,207	114,4$3
Paymentstootherbodies	268,597	268,597	164,776
Rent,ratesandutilities	639,249	639,249	144,187
Establishmentcosts	38,069	~~,069	18,007
Securitycasts	329,101	329,101	95,139
Cleaning	73,959	73,959	18,148
Repairsandmaintenance	29,658	29,658	9,237
Advertising	174,266	'174,266	9,955
Postageandstationery	2,178	2,178	665
Sundryexpenses	31,242	31,242	24,857
	7,208,94A	7,24 ,944	3;126,474
Total2021	3,126,474	3,126;474

	TjF'
	e
	advar~cem~	T~tai		Total
	nt	funds		funds
	242	2022		221
Telephoneassts	43,896	43,896		28,735
Auditandaccountancyfees	25,325	25,325		19,900
Insurance	59,151	59,151		37,048
Legg(andprafessianalcosts	124,Q43	124,043		86,189
Recruitmentcosts	-	°°		z,3~~
Consultancycasts	152,508	152,50$		112,291
Travelandsubsistence	0,679	6,679		3,468
Subsciptions	15,439	15,439		3,827
Bankcharges	1,076	x,076		73
Postageandstationery	3,452	3,452		2,229
Sundryexper~ses	3,400	3,40p		1,971
Res#ructuringcosts	61,951	61,951
			~~
Total2021	~i 1 •	X 111

	Group	Group	Company	Company
	2022	2021	2022	2021
	£	£	£	£
Wagesandsalaries	4,172,942	1,968,291	4,172,944	1,935,233
Socialsecuritycos#s	340,7°18	160,551	3411,799	156,624
Gontributiantodefinedcontrsbutionpension
schemes	695,934	333,41	695,932	325,306
	5,2(19,595	2,462,323	5,209,595	2,417,163

	r~up	Group	company	Company
	2022	2{}21	2022	2021
	i~o.	No.	IVo.	No.
Employees	252	215	24$	208

		Group	Group
		2022	2021
		o.	No.
Inthebard£60,001	-£70;OOU	1
!ntheband£90,001	-£100,000	"1	-

	fn~est	~nts
		in
	subsidiary
	CtJtTlt}1Ct6@8
Company		£
Gostarv~tuatron
At1Apri12t~21		~
/fit31March2022		1
.•
At31March2022		7
At31March2021		1

								*-r	a.s																		Netassets	£			396,03	169,375	169,375
								s~ t	t		100%Yes								%Yes								Profitl{Loss}	lScsr~plusl	{Deficwt)fcsr	theyear	414,7"11		-
								Pr~ncip~lactiv"sy r			Theprincipalactivity Ordinary	isthatofoperation	ofthecafesand	shopsinthe	historicalbuildings	runbyRoya3	Pavilianand	MUSeUCt"15~I'U54.	TheprincipaEactivity	istheadvancement	ofiarts,cultureand	heritagethrough	acquisitionof	suitab3eobjectsand	worksofart.		9rsco~ Expendi#ure	£ £			830,$94 416,7$		- -
.~ ~ ~~~	. .. .~..	ldotestothef'sr~aracia~statements	~rtaeyearer~c3e3'1~tlarch2022		13. Fixedassetinvestrr~er~~s{continued)	F~r's cipats~sbsi ~arres	ThefollowingweresubsidiaryunderkakingsoftheCompany:	dames Company Charity Fpsi~#eredoff€~eorprincipal	na~mber registr~tianplaceofbossiness	~u b~r	RPMTEnterprisesLtd 12451429 4-5~aviiionBuildings Brighton		BN11EE						TheRoyalPavilionand 275242 4-5PavilionBuildings	MuseumsFoundation Brighton	BN11EE					Thefinancialresultsofthesubsidiariesfortheyearwere:	dames				RPMTenterprisesLtd		TheRoyalPavilionandMuseumsfoundation	Page40

	Group	Group	Cr~rnpar~y	Company
	2022	2021	2022	2021
	£	£	£	£
Finishedgoodsandgoadsforresale	265,78	316,757	216,913	311,274
	Graup	Group	Company	Company
	2022	2021	2Q22	2021
	£	£	£	~
DuewithinQneyear
Tradedebtors	$9,574	203,736	75,148	196,598
Amountsowedbygroupundertakings	-	-	251,751	$9,005
Otherdebtors	3,693	50,24Q	3,646	40,024
Prepaymentsandaccruedincome	387,246	411,966	397,246	411,966
	490,513	665,942	727,791	737,593

					Gre~up	Group	Company	Company
					2022	2021	2022	2021
					£	£	£	£
Tradecreditors					427,872	126,708	412,237	126,589
Otherfiaxationandsocialsecurity					319,467	518,584	3tf6,05	515,005
Othercreditors					10,673	5,331	10,393	5,331
Accruals	anddeferredincome				283,179	209,570	236,963	199,065
					1,04t3,99°I	860,'193	966,08	X45,990
~	+	i	!	•	•
					Group	Group	Company	Company
					222	202	2022	2021
					£	£	£	£
Concessionary		loan			2,0~~,000	-	,~i~t1,00

				+'Y
	Gla~~n~e ~li			.1/WY#a~Cl1
	Apri12021	Income	Expenditure	2022
	£	£	£	£
UnrestricEedfunds
DesignatedRands
Learningappeal	2,Q00	-	(265)	1,735
MuseumObjectsAcquisitionreserve	64,914	-	-	64,914
Royal1~avilionfund	123,'194	-	X23,920)	99,274
JHGBotswana	54,748	-	-	54,74$
JHGdesignated	9,487	86,907	{85,057)	X00,337
JulianCramptonfegacy	-	67,899	(8,15}	59,741
	343,343	154,$tt6	(117,400)	3$0,749
Generalfunds
General#ands	~1, 3~,94	5,645,206	(7,235,17}	(51,(}04)
~V~GI~ ~iPf ~r~C934LG~ ~~54Ua7	~~LDG86° ~t.~$7/	~j~U~/yl$9~	~('<~~Lj~17}	~Lm 9 /~'I'+.7
~EI~IJ XYPIl~11E ~~93{..~w'f
TheGrahamcoderEndawment	189,375	-	-	169,375
ACESauthEas#MuseumDevelopment	36,795	568,676	{59 ,072)	'15,399
1\Q~C.i lJQn 3.Jeq ~~s~	~ y"^t~iJ		~~y17d~	1°4'~~~
HoveMuseum	11,~6~	-	{11,560)
TomkrnsonPianoRestoration	x,792	1,~Q	(785}	9,007
AdelaideChinesewallpaper	1Q,000	-	{3,154)	6,846
Pagodacanservation	92,667	10,019	{5,924	15,762
Ar#Fundnewcollectingaward	1t?,216	-	~1{~,216}
Learningappeal	5,Q70	265	{1,236)	&,Q99
Museumf~ssoc€ation'sTransormers	3,QQ0	-	{3,Q)
Schoolsarchaeologyfl~nd	3,?56	-	-	3,75
RPgardenappeal	X2,366	6,500	{13,000)	5,66
GrahamLoderlegacy	7,509	-	-	7,509
JackThompsonHoveMuseum	185,89'1	-	{5,273}	18Q,538
AdelaideChineseWallpaper2	-	22,751	{16,618)	6,132

	Balanceat'1
	Apro12U21	Income	Expenditure
	£	£
ArtsFundFellowship	-	22,750	(12,100}
NLHF-GnalPower		1{}, 00	(3,934)
JNGreenCultureChange		~~~yd~Q
WearItC7utIC2ueerLooks		~,s~a	-
COPl1~7Pc~fB@i7t@Ylt		L.V'~Vi.7
Ofihersmallrestrictedfiunds

				Balanceat
			Transfers	31March
	Income	Expendat~are	inlout	2021
	£	£	£	£
Unrestrictedfunds
C~e~ignatedfunds
Learningappeal	2,004	-	-	2,000
MuseumC7bjectsAcquisitianreserve	64;974	-	-	64,914
Roy~3Pavilionfund	123;194	-	-	123,194
JHG~otsv~ana	54;748	-	-	54,748
JNGdesignated	133;203	(34,716}	-	98,487
	378,059	(34,716)	-	343,343
t.~~ner lfunds
genera!funds	4,430,327	{2;933,363)	42;000	1,538,964
a =•	4,808,386	(2,968,079)	42;000	1,882,307
~I1C~O4Vt°!l@11~~UP1t~S
TheGrahamcoderEndowment	169.375	-	-	169,375
I~estric#edfunds
,QCESouthEastMuseumDevelopment	366,692	(329,857)	-	36,795
RabertsonBequest	15,450	-	-	15,450
HoveMuseum	11,560	-	-	11,560
TomkinsonPianoRestoratian	8,792	-	-	8,792
RdelaideChinesewallpaper	10;000	-	-	10,000
Pagadacansenration	12;667	-	-	12,667
ArtFundnewcallectingav+~ard	3Q;426	(20,210)	-	10,216
Learningappeal	7,074	-	(2,000)	5,070
MuseumAssociation'sTransormers	3;000	-	-	3,000
Schoolsarcha~olagyfund	3,755	-	-	3,755
Paintingconservationfund	~,~~~	-	-	~,~~~
GrahamLoderlegacy	7,509	-	-	7,509
JackThompsonNoveMuseum	185, 11	-	-	185,811
Salaonproject	80	-	-	80
ACECatalyst	40;Q00	-	(40,000)	-

				Balanceat
			Transfers	3111~arch
	Income	Expenditure	inlout	2021
	£	~	£	£
RPgardenappeal	18,866	(6,500)	-	12,366
Heritageemergencyfund	778,472	(17$,472}	-
CreativeTogether	16,14Q	(16,1417}	-
Archeolagygallery
	919,879	(553,109}	(42,OQ0}	324,770

	lJnrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2022	2022	2022	2022
	£	£	£	£
Currentassets	3,370,736	514,390	169,375	4,Q54,5tt1
Creditarsduewithinoneyear	(1,040;991)	-	-	{1,040,991)
Creditorsdueinmorethananeyear	(2,000;000)	-	-	{2,000,000)
Total	329;745	514,390	169,375	1,013,5'10

	Unrestricted	Restricted	Endo4vment	Total
	funds	funds	funds	funds
	2021	2021	2021	2Q21
	£	£	£	£
Currentassets	2,742,500	324,770	169;375	3,236,645
Creditorsd~.~ewithinoneyear	(860,193)	-	-	(860,193)
~.~~~I	1,882,307	324,770	169;375	2;376,452

			~r~	Group
			z~2	~o~~
			~	~
	Rletincome/expenditurefartheyear(asperStatementof~inancral Activities}		(1,362,942)	2,376,452
	Decreasel(increase}instocks		5,969	(316,757}
	Decrease((incre~se}indebtors		'175,429	(661,374)
	Increaseincreditars		"~ ~,?	~~~,~~~
	Netcash~arovidedby/{usedinkoperatingactiuwties		(955,746)	2,253,946
21.	Analysisofcashandcashequivalents
			Group jazz	Group ~c~a~
			~	~
	cast,~~,r,~~d		, s,~oa	2,2~s,~~s
	Totalcashandcashequiv~tertts		3,298,200	2;253,946
		At'1April		At31March
		2Q21	Cashflows	2022
	Gashatbankandinhand	2,253,946	1,Q ,254	3,29,200
	f7ebtdueafter1year	-	(2,000,000)	(,OOO,fl00}
		~ . ,	~~	`. ~