| Page | |
|---|---|
| Trustees' report | 1-4 |
| Independentexaminer's report | 5 |
| Statementoffinancial activities | 6 |
| Balance sheet | 7 |
| Statementofcash flows | 8 |
| Notestothefinancial statements | 9-17 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Income from; | |||||
| Donations and legacies | 3 | 514,136 | 514,136 | 513,500 | |
| Investments | 4 | 1,304 | 1,304 | 1,671 | |
| Total income | 515,440 | 515,440 | 515,171 | ||
| Expenditure on: | |||||
| Charitable activities | 5 | 513,508 | 82 | 513,590 | 511,171 |
| Net movement in funds | 1,932 | (82) | 1,850 | 4,000 | |
| Fund balances at 1 April | 405,185 | 4,821 | 410,006 | 406,006 | |
| Fund balances at 31 March | 407,117 | 4,739 | 411,856 | 410,006 |
2022 |
2021 |
||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 8 | 138,477 | 174,283 | ||
| Current assets | |||||
| Debtors | 9 | 41,358 | 45,145 | ||
| Investments | 10 |
170,000 | |||
| Cash atbankand in hand | 67,778 | 195,673 | |||
| 279,136 | 240,818 | ||||
| Creditors: amounts falling due within | 11 |
||||
| one year | (5,757) | (5,095) | |||
| Net current assets | 273,379 | 235,723 | |||
| Total assets less current liabilities | 411,856 | 410,006 | |||
| Funds | |||||
| Restricted funds | 13 |
4,739 | 4,821 | ||
| Unrestricted funds | 14 |
407,117 | 405,185 | ||
| Total funds | 411,856 | 410,006 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Cash flows from operating activities | ||||||
| Cash generated from operations | 15 | 51,421 | 12,578 | |||
| Investing activities | ||||||
| Purchase oftangible fixed assets | (10,620) | (2,814) | ||||
| Purchase ofcurrentasset investments | (170,000) | |||||
| Interestreceived | 1,304 | 1,671 | ||||
| Net cash used in investing activities | (179,316) | (1,143) | ||||
| Net (decrease)/increase in cash and cash | ||||||
| equivalents | (127,895) | 11,435 | ||||
| Cash and cash equivalents at beginning ofyear | 195,673 | 184,238 | ||||
| Cash and cash equivalents at end of year | 67,778 | 195,673 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |
£ |
£ |
£ | £ | |
| Donationsand gifts | 4,565 | 4,565 | 966 | |
| Grants receivable | 412,900 | 412,900 | 244,943 | |
| Donated servicesand facilities - See below | 65,817 | 65,817 | 249,364 | |
| Other | 30,854 | 30,854 | 18,227 | |
| 514,136 | 514,136 | 513,500 | ||
| For the year ended 31 March 2021 | 502,857 | 10,643 | 513,500 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Salaries | and | employmentcosts | 65,817 | 249,365 |
| 65,817 | 249,365 |
| 4 | Investments | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| 2022 | 2021 | ||||
£ |
£ |
||||
| Interestreceivable | 1,304 | 1,671 | |||
| 5 | Charitable activities | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2022 | 2021 | ||||
| £ | £ | £ | £ | ||
| Staffcosts | 235,583 | 235,583 | 249,364 | ||
| Depreciation and impairment | 563 | 563 | 563 | ||
| Rentand maintenance | 129,780 | 82 | 129,862 | 133,788 | |
| Insurance | 6,631 | 6,631 | 6,631 | ||
| Developmentcosts including depreciation | 52,951 | 52,951 | 51,345 | ||
| Conservation ofcollections | 5,498 | 5,498 | 909 | ||
| Fundraising | 7,937 | 7,937 | 3,983 | ||
| ITand website | 17,219 | 17,219 | 15,953 | ||
| Accountancyand financial assistance | 7,120 | 7,120 | 7,702 | ||
| Bankcharges | 326 | 326 | 47 | ||
| Other expenditure | 45,760 | 45,760 | 24,411 | ||
| Legal and professionalfees | 1,800 | 1,800 | 14,475 | ||
| 511,168 | 82 | 511,250 | 509,171 | ||
| Share ofgovernance costs (see note 6) | 2,340 | 2,340 | 2,000 | ||
| 513,508 | 82 | 513,590 | 511,171 | ||
| For the year ended 31 March 2021 | |||||
| Unrestricted funds | 507,163 | ||||
| Restricted funds | 4,008 | ||||
| 511,171 |
2022 |
2021 |
|
|---|---|---|
| Number | Number | |
| Museum director | 1 | |
| Museum staff | 8 | 8 |
| 9 | 9 | |
| Employment costs | 2022 |
2021 |
| £ | £ | |
| Salaries and employmentcosts | 235,583 | 249,364 |
| Tangible fixed assets | |||
|---|---|---|---|
| Exhibition | Office | Total | |
| equipment | equipment & | ||
| fittings | |||
| £ | £ | £ | |
| Cost | |||
| At 1 April 2021 | 458,632 | 71,754 | 530,386 |
| Additions | 10,620 | 10,620 | |
| At31 March 2022 | 458,632 | 82,374 | 541,006 |
| Depreciation | |||
| At 1 April 2021 | 286,600 | 69,503 | 356,103 |
| Depreciation charged in the year | 45,863 | 563 | 46,426 |
| At31 March 2022 | 332,463 | 70,066 | 402,529 |
| Carrying amount | |||
| At31 March 2022 | 126,169 | 12,308 | 138,477 |
| At31 March 2021 | 172,032 | 2,251 | 174,283 |
| 9 | Debtors | ||
|---|---|---|---|
2022 |
2021 |
||
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 5 | ||
| Prepaymentsand accrued income | 41,358 | 45,140 | |
| 41,358 | 45,145 | ||
10 |
Current asset investments | ||
2022 |
2021 |
||
| £ | £ | ||
| Unlisted investments | 170,000 | ||
11 |
Creditors: amounts falling due within one year | ||
2022 |
2021 |
||
| £ | £ | ||
| Accruals and deferred income | 5,757 | 5,095 | |
| Deferred income | |||
2022 |
2021 |
||
| £ | £ | ||
| Balance at 1 April | |||
| Amounts deferred in the year | 225 | ||
| Balance at31 March | 225 |
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |
| **General Fund ** | Development | Funds | ||
| Fund | ||||
| £ | £ | £ | £ | |
| Fund balances at31 March 2022 are represented by: | ||||
| Tangible fixed assets | 12,308 | 126,169 | 138,477 | |
| Netcurrentassets | 216,565 | 52,075 | 4,739 | 273,379 |
| 228,873 | 178,244 | 4,739 | 411,856 | |
| Unrestricted | Designated | Restricted | Total | |
| **General Fund ** | Development | Funds | ||
| Fund | ||||
| £ | £ | £ | £ | |
| Fund balances at31 March 2021 are represented by: | ||||
| Tangiblefixed assets | 2,251 | 172,032 | 174,283 | |
| Netcurrentassets | 178,827 | 52,075 | 4,821 | 235,723 |
| 181,078 | 224,107 | 4,821 | 410,006 |
| Movement in funds | Movement in funds | Movement in funds | |||
|---|---|---|---|---|---|
| Balance at 1 | **Income ** | Expenditure | **Transfer of ** | Balance at 31 | |
| April 2021 | funds | March 2022 | |||
| £ | £ | £ | £ | £ | |
| ArchivesTestbed project | 4,821 | (82) | 4,739 | ||
| 4,821 | (82) | 4,739 | |||
| Movement in funds | |||||
| Prior year | Balance at 1 | **Income ** | Expenditure | **Transfer of ** | Balance at 31 |
| April 2020 | funds | March 2021 | |||
| £ | £ | £ | £ | £ | |
| ArchivesTestbed project | 4,829 | (8) | 4,821 | ||
| Re-opening grant | 1,814 | (1,814) | |||
| Exhibitions | 4,000 | (4,000) | |||
| 10,643 | (4,008) | (1,814) | 4,821 |
| Movement in funds | Movement in funds | ||||
|---|---|---|---|---|---|
| Balance at 1 | Income | Expenditure | Transfer of | Balance at 31 | |
| April 2021 | funds | March 2022 | |||
| £ | £ | £ | £ | £ | |
| Development Fund | 224,107 | (45,863) | 178,244 | ||
| General Fund | 181,078 | 515,440 | (467,645) | 228,873 | |
| 405,185 | 515,440 | (513,508) | 407,117 | ||
| Movement in funds | |||||
| Balance at 1 | Income | Expenditure | Transfer of | Balance at 31 | |
| April 2020 | funds | March 2021 | |||
| £ | £ | £ | £ | £ | |
| DevelopmentFund | 269,970 | (45,863) | 224,107 | ||
| General Fund | 136,036 | 504,528 | (461,300) | 1,814 | 181,078 |
| 406,006 | 504,528 | (507,163) | 1,814 | 405,185 |
| 15 | Cash generated from operations | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Surplusforthe year | 1,850 | 4,000 | |
| Adjustmentsfor: | |||
| Investment income recognised in statementoffinancial activities | (1,304) | (1,671) | |
| Depreciation and impairmentoftangible fixed assets | 46,426 | 46,426 | |
| Movements in working capital: | |||
| Decrease/(increase) in debtors | 3,787 | (36,527) | |
| Increase in creditors | 662 | 350 | |
| Cash generated from operations | 51,421 | 12,578 |