Annual Report and Financial Statements To 31[st] March 2022
| Contents | |
|---|---|
| Page | |
| 1. Legal and administrative details | 3 |
| 2. Trustees’ Report | 4 |
| 3. Report of the independent examiner | 9 |
| 4. Statement of financial activities | 10 |
| 5. Balance sheet | 12 |
| 6. Notes to the financial statements | 13 |
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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1. Legal and Administrative Details
| Charity Number | 1187839 |
|---|---|
| Trustees (at 31 March 2021) | Sir Anthony Francis Seldon (Chair) |
| Dr Tracy Joanne Borman | |
| David Anthony Bisset Lough | |
| Rev. Prof. Diarmaid Ninian John MacCulloch | |
| Benedict Richard Pierce Macintyre | |
| Anne Marietta Sebba | |
| Prof. Olivette Otele | |
| **Trustees (at 23 January 2023) ** | Sir Anthony Francis Seldon (Chair) |
| Kamini Banga | |
| David Anthony Bisset Lough | |
| Benedict Richard Pierce Macintyre | |
| Marc Andre Lorin Polonsky | |
| Peter John Stewart | |
| Anne Marietta Sebba | |
| Dr Karin Lisa von Hippel | |
| Principal Address | The National Archives |
| Ruskin Avenue | |
| Richmond | |
| TW9 4DU | |
| Independent Examiner | Gap Consultants Limited |
| 14 Cassel Avenue | |
| Poole | |
| Dorset | |
| BH13 6JD | |
| Bankers | CAF Bank |
| 25 Kings Hill Ave | |
| Kings Hill | |
| West Malling | |
| ME19 4TA | |
| Solicitors | Stone King LLP |
| Boundary House | |
| 91 Charterhouse Street | |
| London EC1M 6HR |
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022
The Trustees present their second annual report together with the financial statements of The National Archives Trust (the charity) for the period ended 31 March 2022. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document, the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” and UK Accounting Standards.
2.1 Origins and history of the charity
The National Archives Trust was established in February 2020 to support and promote education in and public engagement with the nation’s documentary heritage. It works closely with The National Archives (TNA), a nonministerial Government Department that fulfils many statutory public tasks of preserving the documents and making them available to researchers. The Trust seeks to support TNA and other archives by enhancing their capacity to make their collections available for greater public engagement and enjoyment of our national heritage.
The National Archives holds over 11 million documents spanning more than 1000 years of history. It is a collection of national and international significance - the home of the nation’s stories - and contains notable items from Domesday to the first Downing Street tweets. The wider archives sector in the UK is made up of around 2500 archives, ranging from local authority archives with statutory responsibilities (‘places of deposit’) to the archives of businesses, families, notable individuals, charities and others. Most archives are currently used by only a small minority of the population, mainly those engaged in active research (such as academic study or family history), and the Trust seeks to expand new ways for the general public to encounter and connect with the stories of their families, communities and nations.
2.2 Structure, governance and management
The National Archives Trust is a charitable incorporated organisation (no. 1187839) and was registered on 10 February 2020. As a foundation model CIO, the Trust’s trustees are its only members.
Overall strategic direction and decisions rest with the Board of Trustees. All trustees at 31 March 2022 are among the first trustees at the foundation of the charity and no additional appointments have been made in this period. The trustees during the period were as follows:
Sir Anthony Francis Seldon (Chair) (appointed 10 February 2020) Tracy Joanne Borman (appointed 10 February 2020) David Anthony Bisset Lough (appointed 10 February 2020, reappointed 10 February 2022) Rev. Prof. Diarmaid Ninian John MacCulloch (appointed 10 February 2020) Benedict Richard Pierce Macintyre (appointed 10 February 2020, reappointed 10 February 2022) Anne Marietta Sebba (appointed 10 February 2020) Prof. Olivette Otele (appointed 10 February 2020 , resigned 31 May 2021) Dominic Christopher Sandbrook (appointed 10 February 2020, retired 10 February 2022)
Both trustees who departed from the Board in 2021-22 have remained in an advocacy-focused roles as Ambassadors for The National Archives Trust.
The Board met on four occasions in 2021-22, twice formally and twice informally. Following informal sessions to contribute to a fundraising feasibility study, formal meetings assessed the findings of the report, agreed future strategy and reappointed trustees.
Having assessed its skills and those required for successful future delivery, the Board started an exercise, advised by Achates Philanthropy, to recruit new trustees to broaden the diversity of its skills and backgrounds. This process will be completed in 2022-23
The National Archives Trust
Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022 (Continued)
Trustees are appointed in line with the Trust’s constitution; they may serve up to three consecutive terms of up to three years, after which they may only be reappointed after an interval of at least one year.
All trustees are required to comply with the legal and regulatory requirements and seek to follow the good practice set out in “The Essential Trustee” issued by the Charity Commission and “The Good Trustee Guide” published by the NCVO. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in the accounts.
Trustees are required to disclose all relevant interests and register them with the board. In the event of a conflict of interest, the Trust’s constitution requires that trustees should withdraw from the decision-making process.
The day-to-day administration of grants and the Trust’s activities was delegated to the Head of the Trust, who was seconded from The National Archives under the terms of a secondment agreement. The Head of Trust was supported by a freelance part-time Finance Manager. The secondment ended on 31 March 2022, and the Trust has subsequently appointed Tadas Khazanavicius, formerly of the British Museum, to the role of Executive Director, starting in September 2022.
2.3 Relationship with The National Archives
As a key partner, the Trust works closely with The National Archives to agree joint objectives and delivery plans, and this relationship is governed by a Memorandum of Understanding.
The Trust is fully independent of TNA at a governance level. There is no representative from TNA on the Board, no right to appoint Board members and no right of attendance for TNA staff at Trust meetings. The CEO and Directors of TNA attend appropriate items of Board meetings by invitation. The working relationship between the two bodies is fostered through regular meetings between the Chair of the Board and an additional trustee with the TNA’s Board or Executive Team, and between the Head of the Trust and appropriate staff at The National Archives.
The Trust received an initial three-year grant from TNA in order to to seed-fund the Trust; it also received in-kind support in this financial year through the secondment of one member of full-time staff. As result of delays in fundraising activities caused by the COVID epidemic, TNA has offered a further grant programme of the Trust’s activities until the 2024-5. The trust aims to achieve financial independence as soon as is reasonably practical.
2.4 Objects and Activities
The Objects of the Trust are:
To advance the education of the public
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(a) in and through the public records held under the supervision of the keeper of public records and manuscripts, records and archives overseen by the Historical Manuscripts Commissioner:
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(b) in and through projects which advance public understanding of the archive sector and use of archival heritage.
The Trust’s mission is to harness the nation’s documentary heritage for the education and engagement of the public. Education for these purposes includes both formal education (e.g., through work with schools) as well as informal forms of life-long learning through exhibitions, talks, family activities and engagement with archive-inspired arts and performance.
The Trust will use grant-making and advocacy to achieve these objectives, both at TNA’s home in Kew and around the country. The trustees have had regard to the Charity Commission guidance on public benefit in establishing the charity and will continue to do so when setting strategic objectives and commissioning projects.
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022 (Continued)
2.5 Achievements and performance
a) Achievements during the period
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A pledge of £500,000 was received from the Clore Duffield Foundation in February 2020 to support the development of a Clore Learning Centre at TNA building in Kew. Progress was however halted by the global outbreak of Covid and, in response to the learnings of the pandemic, the original plans for the Centre were revised in order to increase capacity for digital and virtual delivery of its educational sessions. These revised designs were approved and construction work on the Centre began before the end of 2022.
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The Trust appointed Achates Philanthropy, following a competitive process in early 2021, to undertake a fundraising feasibility study based on initial priorities agreed with TNA. The study assessed the prospects of a campaign based on these plans, through interviews with potential donors. The final report has resulted in a revised approach to the first planned fundraising campaign, with a stronger focus on regional outreach and community engagement.
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Achates Philanthropy also supported the Trust with the recruitment of additional Trustees with the breadth of skills and backgrounds to help the Board to succeed with its ambitions. The new trustees will join the Board during 2022-3.
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The Trust signed a Trademark Licence Agreement with TNA to govern intellectual property and use of logos.
b) Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies note on page 13 of the financial statements.
2.6 Financial review
a) Summary
At its inception, the Trust was awarded a three-year grant from TNA in the sum of £300,000. During the year £113,000 (2021- £105,000) was drawn down from this grant award and recognised as income. The Trust received a further £10,000 (2021 - £40,000) from the Clore Duffield Foundation as Covid recovery funding. In addition, the Trust received in kind support from TNA valued at £76,898 (2021 -£76,906). Total Income for the year was £199,898 (2021 -£221,906)
The expenditure of the Trust for the year amounted to £176,585 (2021 - £101,677). Grant making expenditure amounted to £50,000 (2021 – Nil). Expenditure amounted to £126,585 (2021 - £101,677), major items of which included the Head of Trust’s salary, Fundraising Consultancy and Recruitment costs.
The Trust made a surplus in the period of £23,313 (2021 -£120,229) of which (£40,000) (2021 - £40,000 surplus) related to restricted funds and £60,313 (2021 - £80,229) for general purposes. The surplus will be carried forward to be used in the financial year 2022- 2023.
b) Reserves
The Trust has ensured at all times, by forecasting its cash flows, that the seed-funding grants committed by TNA will be sufficient for the Trust to meet its commitments and remain a going concern. It will develop a more detailed reserves policy as its activities mature.
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022 (Continued)
At 31 March 2022, the Trust’s reserve was £143,542 (2021 -£120,229) of which £nil (2021 -£40,000) related to restricted funds and £143,542 (2021 -£80,229) was related to unrestricted funds. Since the year end, TNA has agreed a further programme of grants totalling £250,000 .
2.7 Covid-19
The trustees recognise the impact of COVID-19 on the Trust’s start up plans on other key stakeholders of the Trust, and have thus ensured that finances, resources and processes are in place to mitigate any disruptions to the Trust as a result of the impact of COVID-19. No adjustments to the accounts are necessary as a result of the impact of COVID19.
2.8 Risk management
The Trustees have assessed the major risks to which the charity is exposed. In particular, the risks related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate its exposure to the major risks.
The principal risks and uncertainties in future that have been identified by the trustees are:
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The Trust and partner organisations, including TNA, do not share mutual priorities for future development, meaning potential projects are unsatisfactory to one or both parties.
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Development of appropriate projects at partner organisations is slow, meaning the Trust has no focus for fundraising.
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A fundraising campaign does not attract sufficient support to meet the aims and ambitions of the Trust.
2.9 Plans for the future
The Trust's strategic objectives for 2022-2023 include the following:
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Appointment of permanent staff including Executive Director, Governance & Operations Manager, and a senior fundraiser.
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Appointment of new Trustees to increase the diversity of background and skills sets on the Board.
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Develop a Fundraising Strategy which guides the approach of the Trust’s engagement with prospective donors.
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Build on and update a Case for Support which equips board and staff with a clear message to engage prospective donors.
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Support TNA’s ambition to open a digitally enabled Clore Learning Centre at its Kew site by securing grantfunding to complete construction.
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Complete plans with TNA and start fundraising for a range of initial regional education and outreach projects, in order that evaluation of their results can inform the next stage of plans to expand TNA’s reach beyond its home in Kew.
2.10 Trustees’ responsibilities statement
The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the financial statements according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
Charity law requires the Trustees to prepare financial statements for each financial year. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the The National Archives Trust 7
Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022 (Continued)
state of affairs of the charity and of the income and the expenditure, of the Trust for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
2.11 Disclosure of information to the independent examiner
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that;
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so far as that trustee are aware, there is no relevant information of which the Trust's independent examiner is unaware, and
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that trustees have taken all the steps that ought to have been taken as trustees in order to be aware of any information needed by the Trust's independent examiner in connection with preparing their report and to establish that the Trust's independent examiner is aware of that information.
This report was approved by the Trustees on 23 January 2023 and signed on their behalf.
Sir Anthony Francis Seldon Trustee (Chair)
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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4. Statement Of Financial Activities (Incorporating An Income And Expenditure Account) For the period ended 31 March 2022
I report on the accounts of the company for the period ended 31 March 2022, which are set out on pages 10-16.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider than an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Certified Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act.
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To follow procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view’ and the report is limited to those matters set out in the next statement.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2) the accounts do not accord with those records; or
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3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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4) the accounts have not been prepared in accordance with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102)
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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4. Statement Of Financial Activities (Incorporating An Income And Expenditure Account) For the period ended 31 March 2022
| Notes Income Donations 2 Total income Expenditure Charitable activities Grant Awards 3 Start-up costs 3 Total expenditure Net income/(expenditure) Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total 2022 2022 2022 £ £ £ 189,898 10,000 199,898 |
|
|---|---|---|
| 189,898 10,000 199,898 |
||
| - 50,000 50,000 126,585 - 126,585 |
||
| 126,585 50,000 176,585 |
||
| 60,313 (40,000) 23,313 80,229 40,000 120,229 |
||
| 143,542 - 143,542 |
All gains and losses arising in the year have been included in the Statement of Financial Activities and arise from continuing operations.
The notes on pages 13 to 16 form part of these financial statements.
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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4. Statement Of Financial Activities (Incorporating An Income And Expenditure Account) For the period ended 31 March 2022
| Notes Income Donations 2 Total income Expenditure Charitable activities – start-up costs 3 Total expenditure Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total 2021 2021 2021 £ £ £ 181,906 40,000 221,906 |
|
|---|---|---|
181,906 40,000 221,906 |
||
101,677 - 101,677 |
||
101,677 - 101,677 |
||
80,229 40,000 120,229 - - - |
||
80,229 40,000 120,229 |
All gains and losses arising in the year have been included in the Statement of Financial Activities and arise from continuing operations.
The notes on pages 13 to 16 form part of these financial statements.
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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5. Balance Sheet at 31[st] March 2022
| Notes Current assets Cash at bank Creditors: amounts falling due within one year 7 Net assets Funds Restricted funds 8 Unrestricted funds |
2022 £ 198,201 198,201 (54,659) __ |
2022 £ _ 143,542 - 143,542 _ 143,542 |
2021 £ 134,863 |
2021 £ |
|---|---|---|---|---|
| 134,863 (14,634) |
||||
| 120,229 | ||||
| 40,000 80,229 |
||||
| 120,229 |
The financial statements were approved by the Trustees on 23 January 2023 and signed below on their behalf, by:
Sir Anthony Francis Seldon Trustee (Chair)
The notes on pages 13 to 16 form part of these financial statements.
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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6. Notes To The Financial Statements (for the year ended 31st March 2022)
1 Accounting policies
1.1 General Information
The National Archives Trust is a charitable incorporated organisation in England and Wales. The registered office is The National Archives, Ruskin Avenue, Richmond, TW9 4DU. The Trust’s registration number is 1187839.
1.2 Basis of preparation of the financial statements
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015) (Charities SORP FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The National Archives Trust meets the definition of a public benefit entity under FRS 102.
The Trustees have chosen to early adopt the Update Bulletin 1 issued by the Charities Commission on 2nd February 2016 which exempts the charily from the need to prepare a Statement of Cash Flows.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
1.4 Income
All income is included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Grant income is included in full based on the time period in which the grant relates to.
Gift in kind income has been included in both income (and expenditure) based on the known cost of the supply.
1.5 Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. All expenditure includes attributable VAT which cannot be recovered.
1.6 Assessment of going concern
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts. The Trustees are fully cognisant of the risks that the charity is carrying such as the uncertainty of future funding and obtaining a minimum unrestricted reserve sufficiency. In making this decision the trustees have recognised the additional risks of the charity arising from the impact COVID-19 has had on all businesses.
The trustees have concluded that there are no other material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. This conclusion is based on the secured income which is guaranteed until the 31 March 2023
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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6. Notes To The Financial Statements (for the period ended 31st March 2022) (Continued)
1.7 Critical accounting estimates and judgements
To be able to prepare financial statements in accordance with FRS 102, the charity must make certain estimates and judgements that have an impact on the policies and the amount reported in the annual accounts. The estimates and judgements are based on historical experiences and other factors including expectations of future events that are believed to be reasonable at the time such estimates and judgements are made. There are no items in the accounts which require any element of estimation or judgement.
2 Donations
| Clore Duffield Foundation Donation from The National Archives Gift in Kind Total |
Unrestricted Restricted Total 2022 2022 2022 £ £ £ - 10,000 10,000 113,000 - 113,000 76,898 - 76,898 |
|---|---|
| 189,989 10,000 199,989 |
| Clore Duffield Foundation Donation from The National Archives Gift in Kind Total |
Unrestricted Restricted Total 2021 2021 2021 £ £ £ - 40,000 40,000 105,000 - 105,000 76,906 - 76,906 |
|---|---|
| 181,906 40,000 221,906 |
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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6. Notes To The Financial Statements (for the period ended 31st March 2022) (Continued)
3 Expenditure by charitable activity
| Grants TNA – Covid Grant Start-up costs Fundraising consultancy Advertising and marketing Salaries – Gift in Kind Recruitment costs Insurance IT costs Website costs Legal fees Accountancy Bank charges Travel costs = trustees Independent Examination fees Total |
Total Total Unrestricted Restricted Unrestricted 2022 2022 2022 2021 £ £ £ £ - 50,000 - - 24,360 - 24,360 3,540 11,080 76,898 - 76,898 76,906 9,312 - 9.312 816 - 816 908 420 - 420 153 466 - 466 550 7,170 - 7,170 5,211 6,000 - 6,000 2,640 104 - 104 29 79 - 79 - 960 - 960 660 |
|---|---|
| 126,585 50,000 176,585 101,677 |
4 Net income
This is stated after charging
| This is stated after charging | 2022 | 2021 |
| £ | £ | |
| Independent examiner’s fees | 960 | 550 |
5 Employees
During the period the charity had 1 employee, who was seconded by The National Archives
6 Trustees
The trustees received no remuneration or benefits in kind during the year (2021: Nil). During the year one trustees claimed £70 in expenses during the year (2021: Nil)
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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2. Trustees’ Report for the Year Ending 31 March 2022
7 Creditors: amounts falling due within one year
| Trade creditors Accruals 8 Restricted funds Clore Cultural Learning Fund |
At 1 April Income 2021 2022 £ £ |
2022 £ 2,580 52,079 |
2021 £ 5,709 8,925 |
|---|---|---|---|
| 54,659 | 14,634 | ||
| Expenditure 2022 £ |
At 31 March 2022 £ |
||
| 40,000 10,000 |
(50,000) | - |
The Clore Duffield Foundation has awarded the Trust with a grant totalling £50,000 of which £40,000 was received in 2021 and a further £10,000 was received this year. The purpose of the grant is to support the Trust’s learning and community work during the pandemic and will be used to support the work of The National Archives’ Education Service in accordance with the terms of the grant.
9 Key Management Personnel
Key management personnel of the Trust comprise of the trustees and the Head of the National Archives Trust. During the year £76,898 (2021: £76,906) was paid in respect of the Head of The National Archives Trust, all of which was provided as a gift in kind from The National Archives (see note 2).
The National Archives Trust Annual Report and Financial Statements to 31 March 2022
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