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2022-03-31-accounts
|
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 |