Reglstered number: 11774969 Charity numlxr: 1186986 Royal Pavlllon and Museums Trust (A company limited by guarantee Trustees. report and financial statements For the year ended 31 March 2023 Royal P•vlllon and Museums Tnmt IA company limited by guarnnts•l Contents Page R•f•r•nce and adminl$tratlv• det•ll• of thè Companyi Its Tru•tee• and Jdvlsers Trustèes. report Ind•p•ndent audltor#' vèport on the flnanclal statsmènts Consolidat•d stat•m•nt ol fln•nclal activitie# 2-21 22-2S Consolidated balance •h••t 27-28 Company balance sheet Consolidated ststemènt of cash flow8 29-30 31 Notes to the financlal statsments 32-53 Royal Pavlllon and Museums Trust (A company limited by gubr•ntee) Reference and administratlve detalls of the Company. Its Trustees and advlsers FOT the yèar ended 31 Mar¢h 2023 Michael Bedingfiekf DL, Chair Dr Angela Smith, Chair Finance & General Purpose Committee Aliya Gourtay Brad Councillor Alan Robins Councillor Phelim Maccaffety (r8sbaned 1 June 20221 Councillor Stephen 8dl CBE (resigned 17 May 20231 David James Charles Anderson OBE Davinder Dhillon OBE DL Jane Avard Weeks, V￿e Chair Lord John Steve Bassam Rebecca Crook, Chair of RPMT Enterpri￿ Ltd Shaun Romain Sue Wilkinson OBE, Chair Nominations & Remun•r*ion Committ¢& & ACE Oversight Committee Timothy John Mellor Aspinall Susan Elizabeth Shanks l¥poinled 28 Juty 2022) Amanda Grimshaw 8EM {appointed 29 June 2023) Company reglstered number 11774969 Charity register•d number 1186986 Reglstered office 4-5 Pavilion Buildings Brighton BN1 1EE Chlef executive ofllcer Hed* Swwn Independent audltorts K￿$ton Reeves LLP Chartered Aceountants 9 Donninglon Park 85 Birdham Road Chtheslef Wesl Sussex P020 7AJ P8ge 1 Roy•l Pavllk)fi and Mu#eum• Trust IA company Ilmlted by guaTrnto9) Trustees. rgport For the year ended 31 March 2023 Thè Trustees present their annual report together with the audited financial sl*ements of the Company lor the peri¢)d 1 April 2022 lo 31 Mareh 2023. The annual report serves the purposes of both a Trustees, report and 8 directors, report under company law. The Trustees confirm that the annual report and financial statements of the charrtable company compty with the current statutory requirement5, the requirements of the charitablè company'$ govefning d￿Urnent and the provishjns of the Ststernent of Recommended Practice ISORPI applieable to charities preparing their accounts accordance with the Financial Reporting Standard applicabk in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Since the group and the Company qualfy a$ Small under section 383 of the Companw Act 20￿. the Group strategic report required of medium and large companies undor the Companies Act 2006 (Strategic Report and Dir¢clots' Report) Regulations 2013 has been omitted. The period 2022-23 represented the second full year of trading for the Royal Pawlion & IAuseums Trust IRPMT, also refer￿d lo as Brighton & Hove Museums IB&HMII. The Trust although incorporated in February 2020 did not lake on the running of the Royal Pavilion & Museums servte until 1 October 2020. The original Iransfei date of 1 April was delayed due lo the COVID pandemic. These financial slalemenls show a consolidated posrtion which includes the Trust and Royal Povilion & Museums Enterprises Ltd. the Trading subsidiary, and the Royal Pawlion & Museum Foundalion of the RPMT. The FoundatKin. the chartrty P￿vIous￿ linked lo the Royal Pavilion & Museums, has since 1 October 2020 had one corpor*e Twslee. the Royal Pavilion & Museums Trust, and is maintained lo an existing endowment fund. Objectlves and actlvities a. Pollcies and objectiv Th• Objects of the Charty Arn: The advancement of, including the advancement of publ￿ apprneiation in, the arts, cuhure, heritage, and science, in particular (without limitation) by.. managing, operating, maintaining and improving the Royal Pavilion & Museums and their permanent collections. including by acquiring suitable objeels for the collections. preserving and safeguarding the land and the buildings of the Royal Pavilion & Museums, and providing for. or supporting, the establishment, maintenance, relurbi8hmenl and enhan¢emenl of other exhibitions and displays of collections in the Brighton and Hove area.. and The advancement of education, particularly Ibul not exclusively), in relation lo herrtage, cutture and the arts." and The maintenance and provision of land and facilities for f￿reatIOn or othef leisure lime OCCLtp81ion for the general public in the interests of s¢xial welfare and with the object of improving their condition of life. Brighton & Hove Museums IBHMI shall mean the Royal Pavilion & Garden. Brighton Museum & Art Gallery. Preston Manor & Garden. Hove Museum of Creativity, and Bcolh Museum of Natural History. In settin9 objeclwes and planning for activities, the Trustèes have given due considerat￿n lo gener81 guidance published by the Charty Commission reklino lo public benefit. including the guidance 'Publie benefit.. running a charity IP82)'. Page 2 Royal Pavilion and Museums Trust IA company limlted by guardntee} Trustees. report Icontinuedl For the year ended 31 Ma￿h 2023 Obioctives and activities (continued) b. Strategles for achievlng objectives Follo￿n9 the successful transftr of The Rordl Pavilion Museums to the Trust in October 2020 the Truste8S set tsrgets and goals for our first fve years.. In five years. time we aim to be the best CNIC Museum ser¥￿e in the county. with, at ib heart, an Estste ol World Herrtage srte status and an attraction on the musl-see list for international visitors lo the UK. In addition, we want to be a museum service that is bringing true value to all the people of Brighttsn & Hove who feel a real sense of ownership and inVo￿ement in its woth. Achieving this is reliant on a radical root and branch ieview of the nw organisation to ensure rt not onty emerges from the unparalleled imp&t of COVID. and the challenges it has presented with a successful business mcxlel, but also that rt emerges from the long4erm uncertainty and working practicas of local authority service lo become a conf#Jenl irbdependenl and forward-facing business. Strntegi¢ FrnMe￿rk After transfer ￿ 1 October 2020 the Trust ideftt￿ three hea(Nine priori1￿$ as benchmarks for a successful service wth a series of sub-PTiorrties and three meta- or overarching priorities. These were endorsed by trustees and key stakeholders, shared with staff and formed the basis of the first tsvo years, operat￿nal plan. Our prts)rit*s We ¥￿11 Be a brllllant museum servlce for the people of 8rlghton & Hove: Be inclusNe and eq￿rtab￿ in all we do, and occasDnalty be Y￿onVentiOnal and disruptive. 1.2. Have galleries, exhibth'ons, programmes, on-line content, and events that are expert, exciting. innovative. and relevant lo all the people of Brighton & Hove and make their Iwes richer. 1.3. Reflect the values of 8ryhton & Hove and do all we to bg enwronmentalty sustainable; lo sourc¢ our servi￿$ locally, be eth￿1 and swialty responsible. 1.4. Manage our collections dYn￿l¢allY and look after our collecth)n$, buildings and green spaces to very hvJhest $tsndards. Offèring world class vlsitor venues: 2.1. Ensure as many peoyle as possible kntr4V about our venues arKI as mary pets￿ as possibla visit them. 2.2. Ensure that our venues and everything that goes on in them ¢)ffer great value for money, arg well rgceived and Commented on, that people want lo come back to them and recommend them to others. Be well rnn. dynamic, resilient and sustainable: Be enterprising, dynamic and flee14)f-fool in looking for opportunities to buikl our business model. 3.2. Professionalty manage our finances, maximtzing every cpportunty to rakse funds for the wellbeing of the seryFce. We will work within oui financial means. 3.3. Be receptive to all our slakeholdets, most importanly Brighton & Hove Cty Counul. 3.4. Have excel￿nt staff, look after them and make sure they are diverse and reflect the population of contemporary Brighton & Hove. We will lake personal and collective rèsponsibility for what w8 do. We will be ki￿1 to each other and those we (xxne into contact with. Meta prlorities: 4.1. Be excellent in eveiwhlng we do and will Innovate in museum practi￿, being part of global museum debates and supporting the museum seetor regionalty. 4.2. Have a world class repLrt*ion for excellence that erih8nces the position of Bryhlon nalronally and inlernalionally. 4.3. Be a listening and ￿rning organtsalion. We wll seek to listen to what others have to say. We wll 8frAays seek lo from each other and othgrs, so we become a better organisalion. Page 3 Roy•l Pavilion and Muièums Trust IA company Ilmlted by guar•ntee} Trusteès. report Icontlnuedl For th• year ènded 31 March 2023 Objectlves and actlvltles {contsnuedl A￿hoUgh many of the priorities above involve reviews and ¢hang•s in pfo¢•$s. we want all lo be focused on h)ng-lerm outcomes and impacts. For nrA¥. we will keep these simple bul try lo ensure eve￿hing we are doing is delivering to one or more of these outcomes.. Increased wealth generation for the Trust. Hyher Quality engagement lor B&H resKJents. Higher quality engagement lor all visitors. Higher effeclrveness of RPMT staff. These prioritses were adapted in the summer of 2022 when following a major rebranding exercise we adopted our new brand, mission and vision.. Mlssion & Vlslon We are a world-renowned home for thè eurious, crealwe and pregressive. Many influences meet here - royal and rebel, dandy and dreanxr. artist and acliw81- to form a collection of dynamic destinations that are greater than the sum of their parts. We achieve this because we are.. continually surprising people, including ourselves lovèd by kxa15 and treasufed by the worfd inspinng, and inspired by, the community around us sparking curiosity, starting ￿nverSatIonS and sharing stories championing progress, diversity and sustsinability In autumn 2022 we were awarded a further three years funding fr(￿ Arts Couneil England IACEI as part of their 202>26 National Portfolio. At that lime we aligned our original strategic objectives and new mission and vision, priorities and work plan wrth ACE'S len year slrate9y -Lels Crgale". Thi$ revision was also used in our plan submrtted lo Brighton & Hove City Council IBHCCI in January 2023 and forms the basis of our 2023-24 service vel agreement wrth BHCC. Page 4 Royal Pavllion and Museum$ Trust {A company limlted by guarantee) Trustees. report Icontinuedl For the year endèd 31 March 2023 Objectlv06 and actlvities Icontlnuedl c. Activltl•# und8rtaken to achieve objectives For the majority of our first tsvo years1202C￿21 and 2021-22) the COVID pandemic had a severe effect on our ability lo operate and demanded emergency actions. Thanks to Government interventions and ￿reful management 202CF21 was suceessfvlly navigated although for the majority of the period many stsff were on furlough and srtes were shut. This s((uation eonlinued into 2021-22 but with far less Govemmenl support and seriousty curtailed income, the charty made a financial loss. We have also suffered as a result of changing passport and visa regulations for EU citizens vtsrting the UK - Iradilionalty a very important source of visitors for the Royal Pavilion. particulafty from Engli%h L8ngua9e students. was hoped that some level of normalty would relum in 2022-23 and indeed as the year progressed visitor numbers grew. Howev8r, the first few months of the year still saw mueh lower than needed wsttor numbers and during the year other f&tors linfiation. energy price incTrases, polrts.cal uncertainty etc.) made this again a dffieult year financialty. We are grateful to BHCC for providing a generous loan facilty that has ensured we have been able to we*her this very difficuli period and plan for the future with a degree of confidencE. The 2022-23 year was used to conts'nue structural. cultural and financial change to create an organisalion capable of operating Su￿e$S￿lIY as an independent charity into the future. These changes were beginning lo bear real fruit in the later part of the year. Major progress was made in establishin9 organisational independence from BHCC, in building a sl￿3$ful commerual wing and in improving incorr* generating abilty. Desprte the ongoing challenges and ongoing organisalional change throughout the year we delivered a full and sU￿esSful programme of exhibitsons and events. school semces. community engagement. Cared for our buildings and gardens and continued to record exceptionally high sth"sfaction rating from visitors. d. s￿la1 inv•stment policles Our charitable 0￿eCt￿e$ and strategic priorities commit us lo deKvering social benefft lo the peopk of Brighton & H¢)ve and beyond through everything we do. e. Grant4naklng pollcles The Trust do&s not under nomial circumstances make grants lo third parties. However. we do &1 as the managing organisalion for the South East Eng18nd Museum Developmenl Sefyice, funded directy by Art$ Council England that is a granl-making organi5alKJn. We also provide some minor support for students and intemat#)nal museums through our grants from the James Henry Green Charitable Trust. Page 5 Royal Pavilion and Museums Trust IA comp•ny lirnlted by guarantèe) Trustees. report Icontinuodl For the year ended 31 March 2023 ObJ•ctives and actlvltiei leontlnuedl f. Volunt•ers The Tru81 is pleased to work extenswely with vofunteers. Volunteefs contribute lo the organisattin working across a variety of roles including Community Engagement. Learning, Gardening, Colledions Care. Research, Event Support and conServat￿n. During 2022-23 we worked with 76 volunteers conlribuling 5,301 hours. We fulty recagnise the value volunteering brings to us 8s an organisation 8nd the b&nefits il brings to those who volunteer. We welcomed the return of volunteers who had been absent dLFe lo COVID and faciltsted the TecruitrrMt of new volunteers, insli(uling improved practices following our move lo trust. We introduced a new policy, regislralion. induction and handbook for volunteers. Our Head Gardener was able to bring back his volunleenng teams to the Pavilion Gardens and Preston Manor and rttiuiled a new gardens apprentice. We delNered an NLHF funded digital prqed Telling Tales & Talking Trails. This included a volunteer cwreated audio guide al Preston Manor, and One Minute Wonders, a ¢Jigital webapp supporting a temporary exhibition in Brjghton Museum and Art G811ery. We signed up lo the pan SL¢ssex Good Space volunteer Project and submitted infomialion for their communty vdunteering Hub. We restarted our volunteer Garden GTeelers prc>aramme in the Pavilion Gardens for the first lime since the pandemic. g. Maln actlvltles undertaken to further the Company's purpo•e$ for the publlc ben•frt RPMT manages.. The Royal Pavilion IRPI (Grade 1 listed) The Royal Pèvilion Garden (Grade 2 Iisled on Historic England's r99istOf of parks) BrwJhlon Museum & Art GaI￿ry IBMAGI (Grade 2 listed) Hove Museum & Art Gallery IHMAGI Booth Museum of Natural History (Grade 2 listed) Preston Manor (Grade 2. listed) and garden The Trust also manages the William IV Gatehouse {Grade 1 listed). Indi8 Gate (Grade 1 listed). Northgale House (Grade 2 lisledl, all Icraled on the RP eslale, as well as 415 Pavilion 8uildings, an t)ff-sile collections store. the Okl Courthouse and Courtroom (Grade 2 listed) and Jaipur Gale (Grade 2 listed) at Hove Museum of Crealiwty. The Trust also operates in the virtual wom through our wgbsite, and soual media channels prowdin9 worhknjtr ess lo information about rt8 rieh and diverse collections, stories and Tesources. We care for c. ImillKJn objeLts as part of our wide-ranging collections. These are multi-period and mu1ts4ubjed. They include three Designated Collections Iwortd Art, Natural History and D8￿ra￿e Arts}. We also hokl import8nt collections of archaeology, Egyptology, fine art, social history. toys, musical inslrumenls, early cinemalcoraphy, and crafts. Our sitos are open lo the public (subject lo opening hours) and our collections available fof ieseareh and stLKJy. We operate a programme of public events and educational sessions Ibolh fomial and inforniall. We seek lo research our collections and seek lo make new knowledge available. We will loan objects lo other museurns. We will work with a series of partngrs and stakeholders lo bring valu8 lo as many people as possible in Brighton & Hove and beyond. Page 6 Royal Pavlllon and Museums Trust IA tompany Ilmited by gu•rantse} Trustees. ￿pOrt Icontlnuedl For the yeai ended 31 March 2023 Objectfves and activities {continugd) h. Cultural Exempllon The Tru$t ap￿leS admission charges to three of its fve venl￿. The Trust treats the sale of tickets for the admission to museum, gallery or exhibf(ions as exompt from VAT as it qualifi&s for cultural exemption. Its eligibilty is based on the fxt the Trust.. 1$ a non-profit making organisalion Apptys any profits made from admBsion fees under this Provision to the continuance or improvemgnt of the facilities OT in connection with the making of related cultural supplies Is managed and administered on a voluntsry b￿8 by Twslees who have no direct or indirect financial interests in the actmties of the organisation. . Educatlon The Trust supplies education in the form of Tours. Leaming and Schools pr¢)3rammes. The Trust does not distn.bute any profrt rt makes from edu¢*ional activlty. All profits m&de from supplies of education are used for the continuan¢e or improvement of such supplies. Achlevements and porfornian¢e Page 7 Royal Pavlllon and Museums Tru•t IA Company limlted by guarantee} Trustws. report Icontinuedl For th• year ended 31 March 2023 A¢hl•vem•nts •nd performanee Icontlnued) •. Maln achiÈv•ments of the Company Desprte the obvious obstxles (see above) the folkh¥ing key e£hYavements have been made in this period.. Delivery ol our ￿Ve1 agreement wrth Brighton & Hove City Counol and an ongoing positive and supportNe partnership with the council. Delivery of our National Porlfolio Organisalion INPO} funding agreement vthh Arts Council England including our agreernenl lo manage the museum development SèNiCa for SE England. During the year we SUC￿$fvIfy applied for a frjrther three of NPO funding starting on 1 April 2023. Plawng a full r¢41 in the Brighton & Hove mouming and memorial actmty on the death of Queen Elttabelh11 and the pr￿lam0t10n of King Charles111. Delivered an exhibition programme al our venues that have received popular and critical support Isee bel¢XVI. Delivered a full schools programme primarity serving Bnghlon & Hove primory and junior pupils. ainlained strong community links including a number of relat￿nShIpS with kty groups representing ¢))mmunrties wrth protected characteri81ic8. The laLtrnch of our important 'culture change. programme generously funded by the James Henry Gre8n Trust to ènsure the service 18 socially engaged, diverse and equrtable in all its activities. We continued lo negotiate with ACE and BHCC over the delivery of the ACE Museum Estates and Development Fund IMENDI grant for the repair of BrKJhlon Museum and Art Gallery roof. This V￿rk is planned to take place in summèr 2024. Development of our detailed plans for the renovation and remtalisation of the Royal Pawlion Garden funded by the Not￿nal Lottery Heritage Fund INLHFI. The for fvll work$ will be submitted in Summer 2023. Further project funding from NLHF and the Esmee Fairbum Foundation for projects at Booth and Brighton Museum. PublIcat￿fi of thè SCALA Publishing 'Directors ch￿Ce, bc*)k on 37 signfficanl objects from the RPMT col*ions. Ongoing work on our planned Y8￿ University Press book on the Royal Pamlion. A collaborat￿n vthh Brighton 8 Hove Alb￿ Football Club Women's Football Team to deliver community value linked lo Ihg major summer 2022 eXhlbrt￿n Goal Power on the history of women's football at Brighton Museum linked to Br￿blon being a host city for the Wom6n's Euros. This also included an award from the NLHF for associated community engagement. A major collaboration with Sussex Universty lo contribute to a BA degree in Liberal Arts lo be hosted by Hove Museum. And On9￿n9 partnerships with Sussex and Brighton UnNersities. An ongoing major prtrJramme of review and slrategic planning in 811 aspecls of the business to mve from a relatively traditional local authority 58rvice to an independent trust and charitable business model ha6 been undertaken. Puiting in plxe a full fundraising team to support fir*an￿OI gr￿th. Page 8 Royal Pavllion and Museums Trust {A company limited by guarantee) Trustees, report {contlnued) For the year ended 31 March 2023 Achlèvemènts and porfom)ance Icontinu•d) A review of I￿keting and a move to cloud*ased lickeling. The long4erm ban of a major ath*rk-'Colliers Unloaing on Hove Beach" by John Constable. The Trusys tyjrfdings used for the major Brighton Festival theatre pwe"Unchained". Development of a website and brand architecture Launched in the summer of 2022. Major repairs to the East el8vation of the Royal pa￿l￿)n. Opening new café5 one al Hove Museum of Creatiwty and one al the Royal Pavilion. A successful bid to Fidelty Inlemational to suptKJrt commercial operations for the next three year5. Ongoing delivery ofthe Museum Development Service for South East England on behalf of ACE. b. Key perf0m￿nCe Indlcatorn For the period under revBw our key Perf￿rnanCe indicators were as folh)ws'. Key Porformance Indicators No. V￿rtOrS lo the Royal PavTlion and Museums Satisfaction levels of visitors to Royal Pavdion and Museums No. Children & Young People participating in formal laaming ￿tIvIty on site No. Websrf(e sessKJns for the Royal Pavilton and Museum$ Earned inwme No. ResKSents visiting Royal PavilN)n arKI Museums 22-23 Targ•t 295,788 22.23 Achiwed 302,774 95% 88% 13,0￿7 780,000 £7.3m 41,410 17.433 747,074 64,510 Page 9 Royal Pavilion and Musgum• Trust {A company Ilmitsd by guarant801 Trustees, report Icontlnuedl For th• year endod 31 March 2023 Achievemènts and perfomance Icontlnuedl c. Revlew of a¢tlvltle8 Over the period the curatorial team have continued to delivor on core collections work. In the main this includes administerin9 loans, acquisrtions and disposals. improwng d￿Umentat￿n and infornalion. including digtsl content about the colledion, angwering enquirie8, hosting researchers, supporting public programme5, and supporting guided tours for members and patrons. Projects and new work The cur*orial team have eonlributed lo various organisalKJnal wide projects and inlti8lNes, including.. Supporting 8n organi$alional wide space rèview lo free up space for cornmercial and other use. Devebping conlenl and reviewing practice as part of Culture Change prOgraMr￿ looking a decobnising the museum including blogs. talks and events. Supporting and supeNising contractors duiing the improvements made lo the off8ile store roof beNYeen. Supporting the conservation team with collections reslorage and display are8 environmentsl and pest checks and day lo day cleaning. At the Booth Museum, ongoing projects such as Discovering Dioramas. and improvements lo specimen d￿UMentation (focusing currenlty on Butterflies), and collaborating with the Conservation team colleagues lo effectively caro for these specimens. Contribution by Cuialor of Fashion & Texti￿8 to the research and develcpment for an exhibrtion al Brighton Museum focused on Lee Miller, coming up in Autumn 2023. Loans Ats of March 2023, there were a large number of active tocal, n8tK)nal, and Interna￿ftal loans, moslty for exhibrtions, some for research. A selection of recent activity includes.. 5 paintings to Gtyn Philpol.. Flesh and Spirf( al Pallanl House Gallery beNveen 14 May to 23 October 2022. The painting 'Veronicas Voil, to Museo Nacional Thyssen. Bomemisza for the exhibitv)n." Hypeireal.. The Art of Trompe I'oeil - 16 March to 22 May 2022. The painting". L'apr￿￿Idl by Davkl Paynter, fof exhib￿￿7.. The FI￿ Homosexuab at AlphwoLyJ Exhibitions LLC I Wrighlwood 659- 1 October 2022 10 1 February 2023. A Regency ami¢hair by George Smrth lent to the SainsburyE Cenlre foi the exhIbrt￿.. Vtsh)ns of Ancient Egypt- 3rd September 2022 10 1st January 2023. Mae West Lips sofa lo the Design Museum for the èxhibibon.. Objects of D￿re.. Surrealism and Design 14 October 2022 - 23 February 2023. We have loaned our painting ol Kylin. Farthfvl and Fearless by Arthur ￿hn El5￿Y lo the exhibrth)n'. Portraits of Dogs.. From Gainsborough lo Hockney at The Wallace Collection, 29 March lo 15 October 2023. K￿1n was the favourile pel of El￿n ThomaS￿lanford of Preston Manor, BrighlorL We also continued touring the painliThJ,' Al￿e in Wonderland by George Leslie Dunh¥ in conjunct*?n with the V&A lo venue$ in China and Japan. from the dales Feb 2022 to S March 2023, and the Amber Cup went on108n lo the British Museum for the eXh￿rt￿Jfi", The Worhj of Stone Hènge until Juty 2022. Loans in 168 items, from various lenders for Goal Power exhibition. Painting by John Constab￿, on display in The Royal Pavilion. 33 rtems originally collacled from Myanmar and Wesl Africa, lent by a potential donor for revivw 8nd consideration. Plus further b)ans of obj'ects lo various exh￿rt￿8 detsikd below. Page 10 Royal Pavilion and Mus•ums Trust IA company limited by guarantee} Trustees, report {continued} For the yèar ended 31 March 2023 Achievements and performance Icontinued) Exhlbitions & Displays The team regularty contribute, support or lead on the development and production of various exthibitions and redisplay projects, many of which utilise the colledions (see list below). Research The team throughout the ytsr supports many researchers. arKI eath Curator undertakes reGearch into the collections to facilrtate future pioiecls," a few examples include: Royal Pamlion Garden research by Curator, Kate Richardson, and a small team of vdunteers. to support a fvnding bid to NHLF. Ro￿1 PavilK)n interior research by Curator of the Royal Pavilion, Alexandra Loske for a Yale UnNersty Press publication. Martin Pel, the Curator of Fashion & Textiles ¢ontinL*d to research previous curator and synfftant co1￿￿Or Idonor Martin Battersby, as part of an extemalty funded research project. Local History & Archaeology Curator, Dan Roberston, hosted a PhD student investigating human remains found at earty neolrthi¢ causewayed endosures in Sussex. Acquisitions & Dlsposals A key curatorial team projed is the 'Dynamic Co119dions Rewew, and this has in the past year, moslty focused improvements and decluttering in storage, in line with other organisatKJnal projects, and the team have mainty focused on facilitating disposals. A selection of Disposal$ and Transfers undertaken in thi% year have included.. Painting by Alexander Stanhope Fort)es'Christmas Eve. on k)ng term loan with viffw to transfer to Penlee House Museum & Art Gallery. 6 x Cast iron heads from the Madeira Terrace retumed to Brighton & Hove City Council. Photographic prints rekling to Petsvorth, Storrington. Billingshurst to West Sussex Record Office. Egyptian Mummy and &￿erS to Brrtish Museum. 697 items of periodicals, publications and ephemera related to Natural Sciences. While we are refocusing on slorage relct*ions and how we can more effectivety and dynamically utilis8 our ¢ollectitsns, our Pr￿esSIng tsf aequisilions has slowed, bul wi(hin the18St year a few examples of the objects we trx)k in include.. Melal and paint street sign from Twneham Road in Whitehawk, Brighton. c1933. A Selection of Bumese textile$ c. 1970s. A $i￿er girt medal from the Royal Horticultural Society awarded to the County Borough of Brighton Pa￿5 and Gardens Department for an exhibrt of Caladiums dated 27 June 1961. MuliiJy that conS￿ered reversibilrty al it8 Core. Last year we hosted fvdo intems, one from Durham University and one from Wesl Dean College. The conservaloT5 have continued to facilitate Iccal, nathY￿1, and intemational loans. ETghl long4emi loans lo the Town Hall, including devising hanging arrawements and instslling the works. Preparation for a further ￿e1ve lo be transferred later this year. Work on thfee national loans, one international loan, and the same number of returning loans. The team has also returned Robert Jones Murals lo public display in the Royal Pavilion after they had been In store for foty years. In addition lo these projects, the team has also undertaken holding repairs to the ceiling in the Music Room Gallery and Banqueting Room Gallery in preparation for the exhibrtion 'A RvJht Royal Speciacle, in the Royal PawlK)n and commenced remedial work on the other Robert Jones murals in the Banqueting Roorn. The Technicians and one of the assistant conservators have buift, installed, lrt and deinSts1￿ five exhibit￿n$ al three of the Trust's siles this year. The technicians have also continued lo support the work programme of the Hislonc Buildings Manager, including seven visrts by Drainline lo investigate ongoing dfainage issues In Brighton Museum. Amongst the other projacts the team has been I&￿ing is in$lalliNJ a ne4V red at the offsitè Co1￿10n$ store arn installing LED Iwhting throughout. Hand-in-hand with thi5 project, the team has reworganised the ground floor of the offsile store - which has increased on-srte safety, made the collection more aC￿Ssible. created addib.onal storage space, reduced enorgy costs and made the Store more Secure. Gardgn• & 8ullding$ Ovor the last 12 months the primary aim of the gardening teom has been lo keep the three gardens wel maintained. The Garden Apprenticè continues lo be a Success and we are keen lo build on this by continuing our engagement with this scheme and looking lo expand on It. We also work closely with a deduled team ol garden volunteers. Much work during the year focused on preparing a major bid lo NLHF for the Royal PavilDn Garden. This bid will be $ubmittgJ in August 2023 and if successfvl work on the project will commence in early 2024. During the period we continued our programme of cap((al repairs and renewals supported by Bnghton & Hove Crty Council. Renovation works were undertaken to the east elevat￿￿ of the Royal Pamlion. Repairs were also undertaken lo the King William IV Gale. A growing concern is water ingress lo buiklings during periods of intense rain, this is particularly the ease with 8ri9hlon Museum and Art Gallery where drains run through the building in Victorian soak-aways bel¢)W rt. The increasing incidents of severe weather - both rain and he81 are hamng dotrimental effect on our building5 and gardens. The Facilities team has continued man8ging our annual mainlenarKe programmes e.g., PAT lesling, seNcing of systems, as well as oveiseeing our Health & Safety YKJrk. Additional priorrties for the team have beèn reviewing our fire and security procedures including undertaking Independent Fire Risk Assessments for dl our mwn budding5. Page 12 Royal Pavilion and Mug•ums Tntst IA company limited by guarantee) Tru$tees' report leontinuedl For the y••r endgd 31 Morch 2023 Achievements and perforniance (continued) Audiences & Eng•gem&nt Our Museums Venue The Royal Pawllon Brighton Museum & Art Gallery Hove Museum & Art Gallery Booth Museum of Natural History Preston Manor VL8it8 188.038 71,148 13,e64 23,21 6,711 Satisfadion 96° 950/0 nla 810 nla Exhlbitions and dlsplays A summary of our exhibitions and displays for this peri¢yJ." Brlghton Museum Queef the Pier until Feb 2024. Aubrey Beardsley.. A Brighton Boy 30 July- 22 Jan 2023 Exploring the lrfe and work of Bnghton bom Aubrey Beardsley, marking the 150th annwersary of his birth. Museum Mentors.. Response to Spencer Gore Oct 2021- Oct 2022. Museum Mentors.. Ink on Silk Ocl 2022- Od 2023. Costumes from the fith My Polic&nan 15-27 Nov 2022. Hove Museum of Creativlty Misshapes". The Making of Tatty Dewne 10 March- 4 Sept 2022 The story of pioneering jewellers Taty Devine who challenged ￿nventIOnS and working Creatwety wth laser cut acrylic built an international brand. A Crafts Council exhibition. A Place Called Home 23 Sepl 2022- TBC 2023 Matt Smith.. Who (kns Histo￿ 14 Oct 2022 - 16 April 2023 Royal Pavilion The Regew Wardrobe 19 March- 11 Sept 2022 lrfe-srLe costumes inspired by Regency history told stories of seafront walking, grand balls, and musical evenings. Each ￿n￿ue piece is created by artist Stephanie Smart, using onty paper and thread. Constable's Colliers Unloading on Hove Beach from 15 July 2022 Christmas at the Royal Pavilion 19 Nov 2022- 3 Jan 2023. A RvJhl Rordl Spedath 11 March 2023- Aug 2023. Booth Museum Our spectal visiting MI￿ for Christmas 3 Dec 2022- 4 Jan 2023. Sussex Wildlrfe Trust photographs 3 Dec- Sept 2023. Events and Education Event prc4Jramming across all sites irueased during 2022-23 with ovgr 2.500 participants engaging with actNty including popup curator talk$, art workshops, online talks, and ¢ommunity led events. We participated in Heritage Open Days and the Aging Well Festival. We wel¢omed the return of the LGBTQ+ History Club to Brighton Museum and we iebcN)ted communty curator led tslks and tours in the Queer the Pier exhibition and a monthty LGBTQ History Club. We hosted Elders creative sessions for older members of our community. We hosted a large outdoor Your Gardens eommunity event as part of our NLHF Royal Pavilion Garden consult*ion programme. We tegan a Wrrting Arwnd the KKls' partnetship prqect wth Writing SoLrth, a ¢re8lNe wrtting group for young mothers. Page 13 Royal Pavllion and Mus•um$ Tru (A company lirnlted by guarant•el Trustees. report lcontlnugdl For the year ended 31 March 2023 Achlevements and perfomanc• {contlnuedl As part of the Goal Power.. W¢)men's Football project we developed an eng&Jement proj'ect wrth Ic￿1 female footbal￿r$ aged 10-16. Led by a Programming curator, arts activist, podcast producer and engagement facilrtalor, the partieipanls developed skills in research. photography. inlervith¥ing and graffiti activism. Final outcomes included the podcast 'Womansplaining', inleNiews for exhibition eonlenl and an activist programme during the Women's Eyro lournarnenl. Hi9hlighls included a Wikilhon trainin9 day increasing the representation of the history of women's foolbg11 on Wikipedia., workshops with Brighton graffiti arti$l, l am Sprite, active participal￿n in the UEFA Fan Paty for the Wornen's Euros in Bnghlon, an(1 the launch of Secrets & Stories which offers reguL8r curator and community led pop-up lalks and object-handling opportunth'es. We have eomple18d a resel of our Key Stage 1 and 2 scho)Is programrfft after the parthmic 8nd aft8r a fvll reV￿W are running a set of flagship sessions that meet audience need. In 2022-23 we launched the new'A Very Special Visit. session at the Royal Pavilion. We have also workino wrth our Teacher Amb88sadors to shape new sessions and ensure sessions are SEND friendty. Wè piloted a Royal Pavilion Garden project wth local city centre 8chool8 Wth no green spaces lin aws of high depTNalion and very high lake up of free school dinners) as part of our develtspmenl Stagè Wrthin our NHLF bid. They were given a brief lo design and make bug hote15 for the garden lo increase wildlife. This lays the foundalKJns for the garden to become their green spxe lo tend to. observe. and pL4y in. This is part of our development of work with micro eommuni(ies eh)se to our sites. We welcomed 150 Key Stage 3+ students from Palcham High who came to help with our decc4oni%ing work. They were sel the bfief to explore Brighton Museum and the Royal Pavilion Indian Hospital audio guide and tèll u$ what was missing. What stories aren't being told? What objects don't have enough Information aboul t￿'r histo￿ What names and fxès a￿ mL8sing? We are building the students, impactlul responses into our future programming and approach lo our CuAure Change proiect. In Octotrer 2022 we Lgunched the Discovering Our DKJramas PToiecl al the Booth Museum of Natural History. This project will resu￿ in us finding out more aboLrt the current kèy familie5 and under 10$ audience, nthv inlerpretalion aThJ actmlies lo link Iheii current lives to the historic collections through the Seasons. re$haping our public programming offer and eulminating in the building of a new diorarna- the first in 90 years. We have expandsd our working relationship with the UnNersrty of Sussex and signed an Mou lo work in partnership in Support of their Liberal Arts BA and our siles are used as part of the course. We support a bursary lor an MA in Museum and Heritage al the Universty of Brighton and staff teach on the course. Communltle•. Partnernhipl ind Engaggrngnt Our Cukure Chango Ihree-yeaT project Ifunded by the James Henry Green Trust) began in October 2022 wrth the appointment of job share Heads of Culture Change and a curatorial role. They have built the project framework, looking al how to decolonise our work. We have reb¢)Oted our work with the Cuhural Herrtage Neh¥ork18IPOCI hosting i($ POSt￿ndemiC in person relaunch with a talk in February 2023 by Sl Martin on the untold histories of some Black people in Brighton. We have fom)ed an Internal AnI￿racIsM Working Group and drafted our first anli-racism slalement. We formed an internal Decolonising Working Group and agreed decolonising slalemenl. We have added a Cutture Change SeCt￿n to our website, wh￿h $hfMcases the slalemènls above and explains our ambitions about our Culture Change Idecolonisingl work and hosting a serie5 of blogs on decolonising across a range of museum specialisms, including natural history. We sel up an Internal Accessibility Working Group and held an external Access Advisory Group meeting In March 2023. We conlinualfy provKle adV￿e for colleagues around decolonising for projects and exhibitions as appropriate. Planning is underway for a $1gnrficanl public engagement project to launch in the summer of 2024. The Museum Collective (young people aged 1¢251 have met regulaty al our museums and have focussed on reviewing the group and making plans and suggestions foi f(s future development. For this yearfs LGB T history month, we welcomed young peopb ftom Allsorts Youth prgect lage 16-251 for a bespoke tour of our community CO Curated exhibrtion Queer the Pier, and the LGBTQIA+ display in the local history gallery. Page 14 Royal Pavilion and Museums Trust IA ¢ornpany lirnited by guaranteè) Trustees. report Icontinuedl For thè year ènded 31 March 2023 Achlevements and performance {continued} The Goal Pcwerl exhibition on this history of women's football was accompanied by a programme of actNities targeting local young female football players lage 1418). The Museum Mentors- a group for adults in need of support participated in creating a new display, Ink on Silk, inspired by the works and lrfe of Aubrey Beardsley and enjoyed and expressed a sense of freedom post COVID restrKtions. Members are supported lo f¢XUS on art, sharing creative ideas and creative peer development. Digital Following our febrandlng exercise in August 2022 the nthv Brighton & Hove 141usevms website was launched. rts deson has been infomed by fecus group work and nThv reflects the semces we offer rather than the assets we have. so il enables us lo give more prominence lo our income generating aclimties. Durtng the year April 2022 - March 2023 we recorded 747,074 website sessions. Social Media engagement dropped by approximatety third to 104.083 but we are now eng•aing on multiple channels including TikTok. The dyital team have also been delivering a £30k projecl fvnded 8$ part of the NLHF'S Digital Skills for Heritage initiatwe. The project invofves working with volunteers to produce more inclusive digital storytelling in onsite interprelal*)n. The project has included intensive training for volunteers who have Pr0dL￿&￿ a new Preston Manor audio guide offer http".Ilprestonmanor.ukJ and 'One MinLrte Wonders,, a labekfree display which opened in Brighton Museum In January 23 entirely made up of volurbteers, stories presented through an experimentsl app and corresponding online content. Marketing & Medla A major Marketing Campaign ran across the summer in prtnt and advertising, this included station advertising 80km radius of Brighton. The organisalion has continued to enjoy high profile press and media coverage and the hire of our premise$ for t*vision and filming offertng free marketing air4ime. We had particularty positive press- coverage linked lo Goal Power and the opening of the Roger Bamber exhibition. The Royal Pavilion featured in Brighlon-focused episctrje of the BBC serEs 'The Apprentice. and was used for the grand final of "The Great Brrtish Menu. orb BBC and appeared in the movie.my Policeman.. The team worked with local DesKJn Agency, Baxtef & Bailey, on a nthv brand hdenlity for Brighton & Hove Museums to reflect both its eclectic cuttural destinations and the organisation's new identity as an independent charty. The new brand Kjentity features an ampersand logo al the heart of it and wrth six component parts representing the five venues and presence of the Trust. To support the new brand guidelines the team also commissiongd Brighton based street photographer JJ Waller lo capture the spirit of the destinations and our visitors. Buslness Servic•s The Finance te8m have prtrjuced effectNe management accounts throughout the year that are reV￿we monthly by our executive board and quartedy by our Flnance and general Purposes Committee and main board. During the year we moved our pay-roll services from BHCC lo in-house using an external provider. This has provi¢Jed problematic but by the énd of the period was much irtwroved. I IT contracts originalty entered into on l April 2020, the original dale frji move lo Trust were due for renewal by March 2023. These conlr* that indude, seNer hosting, printers and copiers, telephony, soffvRre licencing, support ￿ntraCts, Wi-Fi, Broadband were renegotiated or retendered lo achieve contract savings. Our People Staff Our gre*esl asset is our staff. During 2022-23 RPMT employed c. 134 FTE staff. The staff teams include visitor seTrice staff, curators, eonservators, technicians. historic building management, secunty, leaming and Page 15 Royal P•vlllon and Mua•ums Tnffjt {A company Ilmlted by gu•rJntso1 Trustees. rgport Icontlnuedl For the year •nd•d 31 March 2023 hlev•ments and performance Icontlnued) communty engagement. creative programming, marketing, retail, events and function management, development and fundraising, digital and ICT, finance and HR. As we emerged from the COVID pandemic we needed lo undertake organisational change$ and sorne Cuts. Our restructure was completed in the autumn of 2022 prowding a more simplified, streamlined organisalion. As we needed to address financial constraints in early 2023, we were required lo make some further staff savings. We are very grateful to staff for their stoicism and adaptabilty during this drfficutt penod. K•y Staff Chang• During the year welc(Nne(I Charlt McKènzie 8$ Head of Incomè Generation. Judith Owen-Phillips as Trusts and Foundations Manager, Stephen Roberts-Pratt as Individual GNing Manager and Simon8 LacQthn￿re and Liz Porter as Heads of Cutture Change, Key ￿8Vern Ind￿ Russel Phillips, IT Manager. Julka Basnett. Operations Managef and Alèx Hawkey 3D Designer. d. Factors r•levant to achleve objectlves All pians orwJinally made for 2022-23 continued lo be disrupted as a re$uh of lower-thanthnormal wsitor numbers and visitor spend foll￿￿1n9 the COVID pandemic wh￿h impacted visitor income during the first quarter of the year. We also continued lo be affected by changes brought about by the UK leawng the EU and the impact this has had on international student travel whKh previousty fomed a large prcportion of the Royal Pavilion's vlsitor base. 2022-23 was only the Trust's second full operational year wrth th? challenges facing any new business such as new systems, ne+V govemance structures, change management and restructui8s as well as those resulting from transfer from 8 Ioc81 authority 10 gn independent charty. Severe weather episodes, particularfy heavy rain eaused prob￿M& in mginlaining our historic buildings and gardens. requiring the reprioritisalion of planned maintenance and a numbor of reactive repairs. The Trust also felt the impxt of the War in Ukraine and the resutting scareily of raw materials, rise in energy prices and more general increase in inflation. This led lo higher eosts being incurred and lower than anticipaled spend per visitor LAler in the year. Budgets therefore had lo be reprofiled and a series of cost savings and new revenue generating inrtialwes were implemented in the latter part of 2022-23. •. Fundraliing actlvltles and Incorno goneratlon As noted elsewheré the y8ar saw BHCC ogrgeing ovr annual plan and the confirmation of ne•V funding from ACE. Wrth a new fundraising team in plxe we began lo see ieturns from trusts and foundations as well as additional patrons and members. Most notable was a major grant from Fidelty Inlemational to support our commercial team for the next Ihiee years. During the year we introduced new training for our front-of-house staff lo improve gift aid support and morè general retsil spend. All these inrtiatwes were beginning lo pay dwidends ty the end of the period. Financial revl•w Page 16 Royal Pavilion and Musèums Trust IA company limited by guarantwl Trustees. report Icontinuedl For the year ended 31 March 2023 . Going concern Fc￿￿1ftg a challenging year (see 'Factors relevant lo achieve objectives. above) nel Itabilrties at 31 March 2023 We￿ £288,682. Business plan8 have been drawn up for the period April 2023 to March 2028 to move the Trust back to a heamhy net asset position. A number of these plans such as further restructu￿, changes to opening hours. new pricing and ticketing Structures, securing of income from Trusts and grants have been successfully implemented in the first quarters of 2023-24. In addf(ion, the trust has benefrtted from much hKJhei4han- forecast vis((or numbers during the first 2 quarters of 202&24 resulb.ng in an overachievement against budget and a higher- than-expeded nel asset position at the end of quarter 2. As part of the 4reement to fom the R¢)yal Pamlion and Museums Trust on 1 October 2020 a facility was put in place and agreed whereby Rp￿ could betsveen 2020 and 2025 draw on up lo £4m of Joon from Brighton and Hove Cty Council IBHCC). £2,1)00,O¢JO of this loan remains available rf required. See note 17. As a result, the Trustees have a reasonable expoclatKJn that th& Compony has &Jequa*e resources to continue in operational e￿sten￿ for the fo￿Seeable future. For this reason, they continue to a*>pl tho going rnncem basis in preparing the financial SIatw￿nts. Further detsiLs regarding the adoptk)n of the going concem basi8 can be found in the accounting policies. b. Reserve5 poIi¢y The aim of Trustees in the long temi lo build unrestri¢ted reserves to a level of 25% of planned expenditure over the folk)v￿ng 12 months, hOW￿er due to the orMJoing impa¢t of the pandemic this has not been achievable for 2022-23. For 2023-24 cost savings made in 2022-23 and the arrival of nthv income generating posts and strategies are aimed at delivering a mLKh improved finanual p￿ure. The level of free ￿serveS as al 31 Marth 2023 were £nil12022.' £329,745>. c. Defkit The net movement in funds for the year was a deficit of £1,302,192 {2022.' 1,362,942 surplus). Net assets * the ended 31 March 2023 were 4288.682 (2022.. £1,013,510). At the yearénd. unreStr￿ted funds totalled 8 deficit of 929,229 {2022' £329,745 surplus), of this £299.767 was designated 12022.. £380,749> and there were deficf( undesignated funds of £1,228,996 12022.. £51,004 deficit}. Restricted funds totslled £471.172 (2022.. £514,390} and the pemianent endowment fund lotalled £169,375 {2022.' £169.375). d. Prlnclpal rlsks and uncertalnties The Trust maintains a str*egic Risk Register whth ts revwed by the Executwe Board monlhty and Finan and General Purposes Committee quarterty. In the cpinw of the Executwe Board There were no identifiable risks that need to be r8POrted. Page 17 Royal Pavillon and Mu•eums Trusl IA company Ilmited by guarantee) Trust•es' report leontlnued) F￿ th• year end•d 31 March 2023 e. Flnanclal flsk management objectlvès and pollcle8 The Executive Bcord has tsken steps to ensure that financial risk is minimised by introducing robust intemal controls and ￿￿nd financial systems which are regulady wewed. RPMT is supported by a £4millKJn loan facility from Brighton & Hove City council as part of its Iran$ler agreement. The lacilty is available until 2025 and then fepayable over a five-year pericA. To date rt has drawn on £2million of this facilty as sel out in disclosure note 17. f. Prin¢lpal fundlng We are incredibly grateful to Ouf pnncipal regular funding from Brighton & Hove Crty Council and 8s a National Portfolio Organisation of Arts Council England. We would not be able lo deliver on our charitable aims wrthout their support. Other main funding comes from ticket saks, comfferci81 op¢rations. and fundraising. In 2022-23 we are also extrematy grateful for 8dditw)nal prc4ect ard pfoJrwnme funding from The James Henry Green Charitable Trust, the National Lollery Heritage Fund, The Esmee Fairbum Foundation. The Headley Trust, The Fidelity Inlernalion81, and the support of our Patrons. 8tructur•, gov•mance and man8gomont Constitution Royal Pavilion and Museum5 Twst 18 registered as a charitable company limited by guèranlee and was set up by a Memorandum of Association. b. M•thod8 of oppolntm•nt or oIKtlon of Trustee• The management of the Group and the Company ￿ the responsibilty of the Truslees wkj are elècted and co opted under the terms of the Memorandum of Association. The charity is managed by a 8oard of Trustee. Trustees are appointed for a term of th￿ years with terms renewabk leading to a maximum period of nine years. The exception are thrèe 8HCC nominatèd trustees who are re4ppoinled annually by BHCC. New trustees are recrurted when Cons￿￿red necessary, either lo replace a Iruslee who has retired or stood down. or lo bring in additional skills and expe{￿nce where a need has been identified. Recruilmenl of Trustees is the responsibilily of the Nominations and Remuneration Committee a permanent sub-committee of the Board. Skills audrts of the Board are ur+dertaken on a reguLar basis to Inform fLrture wruitmenl. Recruitment through an open competitive process. Potential Iru5tees moel wrth the ChaiT of the Board of Trustees. prior to being oppointed by r8solLrtion al a meeting of the Iru$tees. The Tru51ees are committed lo dNersrfKalion of the Board and in March 2021 appointed young 8had¢)W trustees from diverse backgrounds lo be mentored by Bo•rd members and gwe fresh inswhts lo the work of the Trust. Pag0 18 Royal Pavlllon and Pjluseums Tru8t {A company limited by guarantee) Trustees. rewrt Icontinuedl For the yèar ended 31 March 2023 Structurey govemance and management {continuedl c. Organisatlonal struclure and dec1sion￿Mak1ng policies The Trustee Board meets quarter￿, Usual￿ in January, April, July, October. The Finance and General purposes Committee and Nominations and Remunerations Committee also meet quarterty and rekyxt lo the main l)oard. The Finance & Goneral Purpose$ Committee has delegated ￿SpOnsIbl1rtY on behalf of Ihe Board of Trustees for ensuring Ihal the￿ is a framthvork for reviewing financial strategy, aceountabilty, and financial controls for The Royal Pavilion & Museums Trust. The F&GPC eonsists of no fewer than three Trustees appointed by the Board of Trustees and includes the CEO, other eolkngues with appropriate financkgl skills and expertise and Mike Wc(thtsrd an extern81 consuttant who advised us on the move from Council lo Trust. The Nominations ar￿ Remuneration Committee INRCI has been estsbli8hed as a pemianent sub (1.228.996) Totsl Unrestrlctod fund$ 329,745 6.667.076 17.928.050) 1929.2291 Endowment funds The Graham Loder Endowment 169.375 169,375 R•strlcted funds ACE South East Museum Development Robertson Bequest Garden Project Tomkinson Piano Resloralion Adelaide Chinese wallpaper Pagoda conservation Constable Launch Leaming appeal Esme Fairt)um MA Colledions Schools archaeology fund RP garden appeal Graham L¢)der legacy Jack Thompson Hove Museum Adelaide Chinese Wallpaper 2 15.399 14.263 640,095 1616.OS8) 39,436 14.253 8,084 9.007 6.848 40,472 {32.388} 9,007 6.846 16,762 4500 18.638 1143041 118,6381 128) 125,972) 12,079} {5.8661 071 808 1,727 26.780 51 3.755 5,866 180,S38 6,132 180,538 6.132 Page 46 Royal Pavlllon and Museums Trt￿t IA company Ilmlt•d by guarantee) Notes to the financlal statements For thè year endèd 31 March 2023 18. Statement of funds Icontinuedl ststèm•nt of funds- current year Icontinuedl Balance at 31 March 2023 Balance at 1 April 2022 Income Expondlture Arts Fund Felbwship NLHF- i>)al Pvmer JH Green Culture Change NLHF- Digital Fund CoPub AgTeerrent Other small restricted funds 10,6SO 2,150 22.650 {500) 129,395) 141,937) 124,390 {14.4211 {29.0071 12,300 200.0 158.063 24,390 10.000 039 20,000 6.708 15,579 12601 514,390 811,765 1854,983) 471,172 Totsl of funds 1,013.510 7.478.841 18.781,033) (288.6821 Page 47 Royal P•vlllon and Museum• Tnmt IA company Ilmited by guarnnt•• Not9$ to the financial statem•nts For the year ended 31 March 2023 18. Statemont of fund* leontlnuedl ststement of fund• . prlor year Balance at 31 March 2022 Balance al 1 April 2021 Income Expenditure Unrestrfcted funds Deslgnated funds Leaming appèal Museum Objects Acquisition reserve Royal Pavilion fund JHG Botswana JHG designated Julian Crampton legacy 2.000 64.914 123,194 $4,748 98,487 (265) 1,735 64,914 99,274 54,748 100,337 59,741 {23,920) 86.907 67,899 185.0571 18,1581 343,343 154,806 1117.40)) 380,749 General funds General funds 1,538,964 5.645,205 17,235,173) 151,0041 Total Unr•strkt•d funds 1,882,307 5,800,011 17,3S2,S73) 329.745 Endowrn•rf fvnd• The Graham Lojer End¢)wment 169,37S 169.375 Restrlct•d funds ACE South E851 Museum Development Robertson Beque$l Garden Project Tomkinson Piano Restoration Adelaide Chinese wallpaper Pagoda eonsèrvah.on Constable Launch Learning appeal Esme Fairbum MA Collect￿nS Sehools arehaeology fund RP garden appeal Gfaham Loder legacy Jack Thornpson Hove Museum Adelaide Chinese Wallpaper 2 36,795 15,450 11,560 8,792 10,0 12,667 10.216 5.070 3,OC 3,755 12.366 7,509 185,811 568,676 1590,072) 11,197) 111,5601 1785) 13,154 IS,924) 110,216) 11,236) 13.LKIo) 15.399 14.253 1,000 9,007 10,019 16.762 265 4,099 3,755 6.500 113,0001 7.509 180.538 6,132 {5,2731 116,619) 22,751 Page 48 Royal Pavilion and Museurn Trust (A Company limlted by guarante81 Notes to thè financial statemènts For the year ended 31 IAarch 2023 18. Statement of lunds l¢ontinuedl Ststernent of fundB- prlor year {continu￿1 Balance * 31 March 2022 Balance at 1 April 2021 Income Expenditure Arts Fund Felkjwshp NLHF- Goal Puwer JH Green Culture Change NLHF- Digrtal Fund CoPub Agreement other small restricted funds 22,750 10,CM)O 200.000 3.500 20,000 3.005 112,1C()I (3,1341 10,650 200,(X)O 3,500 20.000 3.208 1.779 {1,576) 324,770 868,466 1678,846} 514,390 Total of fund6 2.376,452 6,668.47T 18,031,419) 1,013.510 Page 49 Roy•l Pavillon and Musèum¥ Trnst (A company limited by guJrantÈ•) Notes to th• financial 8tstem•nts For thg year ènd•d 31 M•rch 2023 18. Ststomont of fund• Icontlnuodl De51gnated Funds Leaming Appeal- Funds for leaming related projects Museum Objects Aequisilion Reserve - funds transferred to the Museum ServKe at time of merger of Brighton & Hove councils in 1￿. The Direetor of SeNice deS￿nated the fund to support collections dtsplay, conServat￿n and care. Royal PavilK)n Fund - Ringfeneed ￿eNe$ for use for eapital works and ￿prOvements lo the fabric ar presentation ol the building. JHG Botswana - Sum sel aside for loan of objects lo The Khama111 Memorol Museum, Botswana as an outcome of the Making African Connections". Dèeobnial Futures for Colonial Collect￿nS project 2019-21. Obpct k>an deferred due lo COVID and travel restrKtions. JHG Designated - Underspends on Annual JHG budget aeeTued over a number of years due to succ88s in finding p8rtnership funding for projects from elsewhere. Th? funds should be expended in line with the with JHG Charitable TN$l'$ charitable purposes and trustees made aware of how it is being used. Julian Crampton Legacy - Bequest from the late Professor Julian Crampton, former Chaif of the Royal Pavilion & Museums Foundation whth RPMT has designated for staff training and development. Endowment fund The Graham Lodèr Endchvmenl - Bequest from fomier Member Graham Loder received in April 2010. The capitsl sum of £169.375 must be retained lo generate investment income. The ￿SuItIng inco￿￿ from th6 interest is re$triefed lo the purchase of contemporary art and cralt and is sh(￿￿ as a separate restr￿ed fuiKI. No purchases on behalf of the fund were made in 2020.21 or 2021-22. Restrlctgd fund• The Graham Loder Legacy 15 the ine¢)me from inlef8sI on thg endowment fund and is restricted lo the purchase of contemporary art & craft. The R¢)yal PaVil￿n Garden Appeal - Funds raised from public appeal lo support the restoration and maintènance of the Royal Pavilion Garden transferred from the found*ion al the point the Trust was fom8rfy established. Learning Appeal - Donation8 raiGad through a former fundraising campaign 2015-2016 lo help children visit museums. Constable Launch represents monies received towards 8 ￿arnIng resour¢e and BSL & audit descripted events lo accompany the Con5table Exhibition in 2017. The Pagoda Conservation Fund comprises donations to our Pagoda Restoration app8al. This funding is to be used for the restoration of porcelain pagodas al the Roy81 Pavilion. Tomkinson Piano Restoration DonatN)n6 raiged through an appeal towards the restoration of the Tomkison piano al the Royal Pavilion. Schools Archaeolr>Jy Fund - a generous donatw from a archaeokgical Charity towards materials and actmties re￿e￿ lo schools visitsng the Archaeology Gallery. Ace South East Museum Development- Arts Council England N8lh)nal Portfolio Organisat￿n funding for South East Museum Devebpment Service to deliver annual business pLen as agreed by the Museum Development Coordination Group. Page 50 Royal Pavilion and Museurro Trust IA Company Ilmlted by guarnnte•l Notgs to the flnancial $tst•ments For the year onded 31 Ilarch 2023 18. Statement of funds Icontinuedl Robertson Bequest- Thè Robertson Charitable Trust made a charitable donallon of £65,000 to the Royal Pavilion & Museums. Brighton & Hove in 200S. in memory of Chartes and Barbafa Robertson. The grant is held "on trust to apply the capital and income to meet the cost of conserving, displaying and purchasing lor contributing to the purthase ofj rtems held or to be held as part of the 20th Century Decorative Art Collections malntsined by the BrKJhton Museum". Adelaide chin￿ Wallpaper - Grant for W￿1PaPer conservation and resear¢h frorn the Paul Melk)n Charitable TIl￿t Jad( Thompson Hove Museum - Jack Outhwaite Thompson Legacy bequeathed to the Art Fund for the beneff( of Hove Museum in 2003. The legacy funds are restricted Io L￿8 by Hove Museum for acquisitions andlof eare of its collections. CoPub Agreement - Donation from Patron to fund salary for Curatorial time to research and write publieation on the Royal Pavilion over 2 year pericd. NLHF P¢xer - Grant fvnding for tr¥b to th& US to support research for exhibrt*)n Goal Pchvér! Women and Fcsth11. Arts Fund Fellowship - Research project to fully dlxument the objects that have a connection to Martin Battersby. an thr￿￿ant benefactor to the col*tions. Adelath Chinese Wallpaper 2 - SecorKI grant for Wallpyr conservation and research from the Paul Mellon Charitsble Trust. Gardèn project - National Lottery Heritage Fund Devel¢Jpment funding to work up Roya Pawlion Garden project lo Stage 2 submission phase. Funding lo wver project staffing. Esme Fairtjum MA Collections - Funding from the Esmee Fairbum's Collections Fund to use the bird dioramas al the B¢)Oth Museum to support children & families in devekjping their understanding of onvironmentsl change and thg value of natural history coll8dions. JH Groen Culture Change - National Lottery Heritage Fund project to new digrtal content with volunteers for bring your own device IBYOD) tours of BrKJhton Museum and Preston manor. NLHF Digital Fund - National Lottery Herrtage Fund project to new digital contenl wtth volunteers for bring YOUT own dev￿ IBYODI tours of Brighton Museum and Preston manor. 19. Analysis of net assets bet*￿n fund5 Anatysls of net assets between funds . current year Unrnstrlcted funds 2023 Restrlcted Endowment funds funds 2023 2023 Total 2023 Current assèts Creditots due within onè year Creditors due in more than ypar 1.9S7,848 1887,077) I2.0￿,000) 471,172 169.375 2.S98,395 1887,077) 12.000,1)00) Totsl (929.2291 471,172 169,375 (288.6821 Page 51 Royal Pavlllon and Musgums Trust IA company limited by guarantoe) Notes to th• financlal statements For the year ended 31 March 2023 19. Analysh of net a$•ets betwg•n funds (eontlnu￿> Anatysil of net asset• between funds- prlor year Unrestricted funds 2022 Reslricted End¢xment lunds fvnds 2022 2022 Total fvnds 2022 Current assets Creditors due wlthin one year Creditors due in more than one ￿ar 3,370,736 11,040,991) (2.000,000) 514.390 169.375 4,054,501 11,040,991) 12,000,000} Totsl 329.74S 514,390 169,375 1,013,510 20. R8conclllatlon ol net movèment in funds to net cash flow from opernting activltl Group 2023 Group 2022 Net expendf(ure for the year18s per Statement of Financial A¢tivitiesl (1.302.192) {1,362,9421 Adjustments for.. Decrease I lincreasel in sttxks Decreasellincreèsel in debtors Increase]Idecreasel in credttors 41.388 1316,8171 1153,9141 SO,969 175.429 180,798 N•t cash used In oper*ting actlvltles 11.731.S35) 1955,7461 21. Analysis of cash and cash equfvalents Group 2023 Group 2022 C8$h in hand 1,566,665 3,298,200 Total cah and ca•h •qulval•nts 1.566.666 3,298.200 Page 52 Royal Pavilion and Museums Trust {A Company Ilmlted by guarantse Notes to the financial statements For th8 yèar ended 31 March 2023 Anatysis of Changes in net debt At 1 April 2022 C••h Ilows At 31 Marth 2023 Cash at bank and in hand Dgbl due after 1 year 3.298,200 11.731.635) 1.666.665 12.000.000) 12.000.1)00) 1.298.200 {1.731,6351 1433.335} Pension comrnitinents The pension cost charge represents contributions payable by the group to the fund and amounted to £797,405 12022.. £722,127). Contributions totalling £79,86312022. £87,658) werg payable at the balan sheet d*e and are included wthin creditors. Related party traThsactlon8 Chanty and group.. No related paty tranwtion$ durirwJ the pgriod. Charty. No reLqted paty trans￿lI0nS during the pemd. Controlling party The trustees who are also the directors control the eharity. P*)e 53