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|





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





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|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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**----- Start of picture text -----**<br>
7 November 2022<br>**----- End of picture text -----**<br>




**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|<br>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<br>year|16|(~i,040,|1)||{860,193)||
|Netcurrentassets||||x,013,1~||2;376,452|
|`totalassetslesscurrent1i~bilities||||3,013,510||2,375,452|
|Creditors:amountsfallingdueaftermore<br>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<br>`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||||





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||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||:~:<br>•|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`|<br>`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<br>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<br>salaries|59,231|-|59,231|33,058|
|Cos#sofraisingvoluntaryincome-IVI|5.443|-|5,443|3,927|
|Gostsoraisingvoluntaryincome-pension<br>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<br>1<br>•|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~<br>t|`t`||100%Yes||||||||%Yes||||||||Profitl{Loss}|lScsr~plusl|{Deficwt)fcsr|theyear|414,7"11||-||
|||||||||Pr~ncip~lactiv"sy<br>r|||Theprincipalactivity<br>Ordinary|isthatofoperation|ofthecafesand|shopsinthe|historicalbuildings|runbyRoya3|Pavilianand|MUSeUCt"15~I'U54.|TheprincipaEactivity|istheadvancement|ofiarts,cultureand|heritagethrough|acquisitionof|suitab3eobjectsand|worksofart.||9rsco~<br>Expendi#ure|£<br>£|||830,$94<br>416,7$||-<br>-||
|.~<br>~<br>~~~|. ..<br>.~..|ldotestothef'sr~aracia~statements|~rtaeyearer~c3e3'1~tlarch2022||13.<br>Fixedassetinvestrr~er~~s{continued)|F~r's cipats~sbsi ~arres|ThefollowingweresubsidiaryunderkakingsoftheCompany:|dames<br>Company<br>Charity<br>Fpsi~#eredoff€~eorprincipal|na~mber<br>registr~tianplaceofbossiness|~u<br>b~r|RPMTEnterprisesLtd<br>12451429<br>4-5~aviiionBuildings<br>Brighton||BN11EE||||||TheRoyalPavilionand<br>275242<br>4-5PavilionBuildings|MuseumsFoundation<br>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~<br>~iPf<br>~r~C934LG~<br>~~54Ua7|~~LDG86° ~t.~$7/|~j~U~/yl$9~|~('<~~Lj~17}|~Lm<br>9 /~'I'+.7|
|~EI~IJ<br>XYPIl~11E<br>~~93{..~w'f|||||
|TheGrahamcoderEndawment|189,375|-|-|169,375|
|ACESauthEas#MuseumDevelopment|36,795|568,676|{59 ,072)|'15,399|
|1\Q~C.i lJQn<br>3.Jeq ~~s~|~<br>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`<br>`=•`|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`|<br>`funds`|`funds`|
||`2022`|`2022`|<br>`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<br>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<br>jazz|Group<br>~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<br>,254|3,29,200|
||f7ebtdueafter1year|-|(2,000,000)|(,OOO,fl00}|
|||~<br>. ,|~~|`.<br>~|



## 



##