Charity Reglstration No. 1190303
Company Regtstration No. CE022442 (England and Wales)
THE BETHLEM ART AND HISTORY
COLLECTIONS TRUST
REPORT AND UNAUDITED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteès
Ms E Bateman
Dr N Hervey
Prof R Howard
Ms J Lockett
Ms J Smart
Ms B Robertson
s M Guinness
r G Munn OBE
Di C Campbell
Di O Ayonrinde
Ms C Hudson
(Appointed 17 May 2022}
(Appointed 17 May 2022}
(Appointed 25 January 20231
(Appointed 25 January 20231
(Appointed 25 July 20221
Finance officer
Ms J Smart
Correspondent
Mr C Galo
Charlty number
1190303
Company number
CE022442
Reglstsred office
Bethlem Museum of the Mind
Monks Orchard Road
Beckenham
Kent
8R3 3BX
Independent examiner
Kerry Gallagher on behalfof
RSM UK Tax and Accounllng ￿mited
DAvidson Housa
Forbury Square
Reading
Berkshire
RG13EU

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
CONTENTS
Pago
Trustees, ￿port
Independent exarnin&¢s report
Stslement of financial activities
Ba18n¢e sheet
Statèment of cash flow8
Notes to the financial statem6nts
8-17

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present thèir rèport with the financial statements of thè Bethlem Art and History Colections Trust
IBAHCTI for the year ¢nded 31 March2023. 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 and the provisions of the Statement of Recommended Pr8dce ISORP) 'Accounting and
Reporting by Charities" effective 1 January 2019.
Structure, goveman¢e and management
The Belhlem Art and History Collections Trust 15 a Ch814table Incorporated Organisation govemed by
Constitution.
The governing b¢Kly of the Charitable Incorporated Organisation is the South London and Maudsley NHS
Foundation Trust ISLaMI. As defined in the Constitution, the numbei of Irusleès shall not be less than five and
not more than ￿e1ve at any time, of whl¢h up to six may be appointed by the goveming body {SLaMI. Olherwiso,
the powar of appointing new trustees is vestèd in those continuing trustees who have not been appointed by the
goveming body.
The six SLaM Trust&es are recruited through a ¢onsultation process with the Chief Executive and SLaM Trust
Board Secretary and are generally persons directly connected with rnental heaSlhcare. Appointments at? fomally
made by the full SLaM Trust Board and notified lo the charity. The six independent Trustees are recruited through
consultation process with the existing Trustees and the Museum's Director. and are generally persons whose
background. experience and professional skills widen the knowledge and èxpèrtise of the TTUStee Body.
Appointments are made by 8 vote ofthe existlng independgnt Iruslees al a formal meeting.
Before or on appointment, all trustees are invited to vis(( the Musoum, are briefed by the Director and staff on sile
and are sent copies of the Constitution. Business Plan, the last Annual Réport and Accounts and the Charity
Commission Guidance fortrustees. At the end of Financial Year 2022-2023 ther8 W8re 11 trustees.
The Trustoés ordinarily meet three times 8 year. The Tnjstees have appointed 8 FlThan￿ and Management
Committee consisting of the Treasurer, the Chair and one other trustee, plus the Director, which ordinarily rneets
three limes a year in the intervals between full Irustees, rneelings. Minutes of these meetings are *nl to all
trustees.
Ms Jill Lockett o)ntlnued to serve as Chair lo BAHCT throu9hout 2022-2023.
The charty's staff u)fflpri$es the staff of the Bethlem Museum of the Mlnd. who are employed by SLaM and
attached lo BAHCTfor dutEs. The staff during the year were as follows=
Dlrector
Archivist
Learning Officer
Regislrar10.6 FTE}
Documen18tion Officer
Administrator 110.66 FTEI
Adminislralor 2 {0.4 FTE)
Colin Gale
David Lud(
Amy Moffal
Rebecca Raybone
Peter Lloyd
Heather Rèed
Alison deBuc

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2023
Objective$ and a¢tlvltles
The Trustèes confirm that they have Complied with the duty in Section 4 of the Ch8rili@s Act 2011 to have due
regard to the Charity Commission's gener81 guidance on public benefrt.
Bethlem Art and History Collections Trust is a registered charity whose ¢harltable purpose, defined wllhln the
Ch8riligs Act 2011. is enshrined in the mission Statement of Bethlem Museum of the Mind, which is run by the
charity..
To collect, preserve and interpret for thg benefit of the public, archivas, pictures, artefacts and
rnanusciipls relating to mental health.
To promote wider knowledge of the history of mental hea￿h care and treatment.
To contribute generally lo the public understanding and d&stigmalisatK)n of monta5 illness.
The main actlwlies of the Museum are to-.
Safeguard, maintsin and administer the art and hlslorical collections of the Bethlem Art and Hlstory
Collection5 Trust and develop them in accordance wtth our dedared policies.
Safeguard, maintain and administer thè public records entrusted to us by the South London and Maudsley
NHS Fouftd81ion Tnjst in accordance with relevant legislative provisions.
Promote the use of the collections for purposes of edu¢alion and lifelong learning in accordan¢& with our
declared education policy.
Promote access to the collections for the widest posslble audiences. both national and internallonal, through
personal access to the archives and mus&um displays al BelhleTll Hospital. by remote ac￿SS through
information technology, and through programmes of off-site exhibitions and outrèach.
Undertake and facilitate research into the history of mental health care and treatment. and the rdationship
between art and rnental health.
Fr)rm partnerships with other bodies as appropriate.
Seok to obtain resources needed lo realise these aims.
The Charity's Business Plan sets out the continuing development of Bethlem Museum of the Mind and specifies
targets and performance indicators. A report is made to the Maudsley Charfly (who provide BAHCT'S core
lundingl following the Trustegs, meeting which approves the Annual Rèport and Financial Ststéments.
Achievements and perfomiance
The 2022-23 financial year w8s 8 hlghty impacfful one for Belhlem Mu$eum of the Mind. The Museum's
lempoTary exhibition A way from home.. Bethlem artists on longing and belonging was widely and positively
reviewèd in the Obseryer, Independent, The CrilK, Publico, The Tablet, and Museum Cm$h among others. 11
provided valuable insights into how the concepts of home, and homelessness, can be shaped by exparience,
etrnl¢ity, ¢ullure, and memory. Another exhibition, The la￿8 we present.. the diversity of lived expgrience ffn
portraits. was co4urated with members of the NHS Trust's Lived Experience Network. 11 prompted and
showcased deep ieflections on the Museum's collectlons of seNice user art on the part of those inhabiting both
dlni¢al and patient role5, and helped to ernbed exhibition C￿prOdUCtion I'nothing about us without us'l within the
Museum's ongoing practice. It was reviewed in The Guardian, the i newspaper, the Museums Joumal, Evenlng
standard, and Musgum Crush among olhors. and Museurn staff were interviewed on Radio Kent and Timès
Radio.
Change Minds, a non-dinical 'CUku￿ thgrapy, rgsearch programme whi¢h opans up access lo historic 8f4thiv81
material lo people aecassing, on a waiting list for. or volunteering for SLaM services, was facilitated by Museum
staff for a third successive year. A limited-edition print of Benii Reid'5 Wellcome Trust award-winning photograph
Holding onto Daddy (2016). and the artwork MRI SGan (2Q22) by thè artist known as'mud,, were brought into the
Museum's cdlections. the first purch8sÈs supported by the V&A Purchase Fund and the British Antique Dealer8,
Association. Both pictures speak powèrfully of the social impact of ment81 distress and alterity.

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Museum welcomed 10.848 in-parson visitor5 in the financial year. This is the highest number of visitors since
2015-16, the year in which the Museum opened and was a Museum of the Year finalist. Ils onllne 380° lour
attracted 2,469 remote visits. 2.869 people visited as part of school, university and other learning groups.
The Museum's impact was fell beyond its sits on the Bethlem Royal Hospital Campus. Loan agreements entered
into by the Museum's Trustees meant that ils collections ftsrmed part of exhibitions seen by hundreds of
thousands of visitors in mus6ums and galleries across the ¢ountry and abroad.. the Millènnlum GallerEs.
Sheffield {23,582 visits). the Minn&apolis Institute of Art. Minnesot¥135,421 vi51151, the Bundeskunsthalle, Bonn
{49,531 visilsl, Museum Dr Guislain, Belgium 170,497 visits), and the Be8ney House of Art and Knowledge,
Canterbury13,975 visitsl- making a grand lolal of 183,006 visitors.
Flnancial revlew
The Charity reports an excess of expendiiure over income 01 £23,285 over the year under r8view12022.' income
oveT expenditura £1,850).
Rent and building rnainlenance chargès in relation to the Museum's occupation of Bethlem's Administration
Building lotslling £135,710 were paid by BAHCT to the Maudsley Chariiy. Separately, BAHCT paid a further
£5,007 to SL8M for provision of cleaning services for the financial year.
Rgsgrves poli¢y
The charity's total reserve¥ al 31 March 2023 were £388,571 12022.. £411,856), with £15.782 held as restricted
funds12022.. £4,739). Free resetves al the balance sheet dale, which exclude restricted funds, designated funds
and funds lied up iri tangible fixed assets, were £148,63912022'. £90,396}.
The ¢harilYs financial reserygs policy is to hold at least six months, expenditure on sa18ry {exduding staff
engaged in discharge of SLaM's public records dulyl 8Nd non-salBry items including ¢1ganing and service
charges (but not rent). The approximate sum of these iletns for the year ending 31 Mareh 2023 is £232,000. This
sum is to be achieved after the appropriate allocations lo the Development Fund.
For the purpose of future fundraising, the charity further aspires in the medium tr) long temi lo accrue funds
towards a credible percentage ofthe costs of the redevelopment of ￿e Museum's permanent exhibition space.
No fund is in d8fidL No funds are held as ¢ustodian trustee.
Plans for future
In 2023-24, the Trustees intend lo develop and ¢arry forward an action plan to strengthen the Museum's
inclusive working culture and practices, folknwing a Teview of ils collections, workforce, and audiences by extema5
cx)nsullanls engagèd for the purpose. The Museurn's future &xhibrtion schedules, artwod( acquisitions and
trustees, appointments will refflect a commitment to equity, diversity, and co-production.
Tiustees also intend to develop and put out lo consultation a fresh aTticulalion of Museum strategy which c18arty
demonslrales the alignment ol the MLJseum's vision and mlssion with that of its p￿nCiPal funder, Ihe Maudsley
Charity, as well a$ with that of the South London and Maudsley NHS Trust, ahead of the publication d an entirety
new three year Business Plan in early 2025.
The Trustees, reportwas approved by tha board of Trustees on ..
l 9].￿10.. and is signed on ils behalf by:
Ms J Lockett
Trustsg

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BETHLEMART AND HISTORY COLLECTIONS TRUST
I ieport to the Trusteés on my examination of the finan￿81 statèménts of The Bethlem Art and History Collections
Trust I'the tharfty'l for the year ended 31 March 2023. whiL* ar8 set out on pages 5 10 17.
R¢sponslbl1E￿0$ and basis of report
As the Trustees of the charity. you are responsibla for the preparation of the finan¢i81 ststements in accordance
with the requirements of the Charities Act 2011 I'lhe 2011 Act'l.
I report in respect of My examination of the charity's financial slalements ¢8rried out under section 145 of the
2011 Act and in carrying out my examination, I have followed all the applicabte Directions given by the Charity
Commission under section 145 (5llb} of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be requlred In an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the finanaal
statements. Th8 planning and conduct of an audit goès bèyond the limited assurance that an independent
examination Can provide. Consequently, l express no opinion 8s lo wh&ther the financial statements present a
Ifue and fair vi&W and my report Is 51miled to thosa sp6fAfic rnatters sel out in the independ8nt examiner's
statèment.
Independent examln¢ls statement
Since the charity's gross income Èxc8eded £250.WO, your examiner must be a mgmber of a body lisl8d in
section 145 of lh¢ 2011 Act. I confirm that l am qualified lo undertake the examination, because l am a member
of the Inslilule of Chartered Accountants England and Wales, which is one of the listed bodies.
I have completed my examination. I ￿nfIrM that no material matters have come lo my attentM)n in connection
with the examination giving me reasonable Cause lo believe that in any rnalerial respect..
1. accounting records were not kept in respect of thè ch8rty as required by section 130 of the 2011 Act,. or
2. the finan￿81 statements do not accord with those records, or
3. the financial statements do not comply with the applicable requiremenlg concerning the forni and content
of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any
requirement that the financi81 slalemenls give a 'true and fair wew, which is not a matter Mnsidered as
Part of an independent examination.
I havè no concems and have corne across no other matters in connection with the examSnalion to whth attention
should ba drawn in this report in order to enable a proper understanding of the finanaal ststements to be
reached.
Kerry Gallagher, FCA DChA
The Institute ot Chartered A￿UntantS in England and Wales
Chartered Aeeountant
RSM UK Tax and Accountlng timiled
Davidson House
Forbury Squaie
Reading
Beikshire
RG13EU
28109123
Dated. .........................

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrictsd Restrietèd
funds
funds
Total
2023
Total
2022
Notes
Donations and lÈ98Ct8S
Investments
468.380
2,748
13,848
482,228
2,748
514,136
1,304
Totsl income
471.128
13.848
484,976
515.440
Ch￿itable activities
505,45S
2.805
508,28f
513.59)
Total •xpgndlturo
505,456
2,805
508,261
513,590
Net movement In funds
134,3281
11,043
123.2851
1,850
Fund balances at 1 April
407,117
4,739
411,858
410,006
Fund balances at 31 Mar¢h
372,789
15.782
388,571
411,856

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
BALANCE SHEEr
AS AT 31 MARCH 2023
2023
2022
Notes
Fixed assets
Tangible assots
Investments
91,769
85,000
138,477
10
176,769
138.477
Curr•nt assats
Dèbtors
Investments
Cash at bank and in h8nd
46,517
85,000
85,768
41,358
170.000
67,778
11
217,285
279.136
Credltorn: amounts falllng due wlthit)
one year
12
15.4831
(5,757)
Net current assets
211.802
273.379
Total assets less curtsnt liabllitl8S
388,571
411.856
Funds
Reslricled funds
Unrestricted funds
14
15
15,782
372,789
4,739
407.117
Total funds
388,571
411,856
The financial slalements were approved by the b()ard of Trustees on ...... ..
Ms J Lockett
Trust8&

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flows from operating activities
Cash generated from operations
16
17,251
51,421
Investing actlvltigs
Purchase of tangible fixed assets
Purchase of current asset investments
Interest received
(2,009)
{10.820)
1170.000)
1.304
2.748
Net cash generatsd froml{used in)
investing activitiès
739
1179.316)
Net increa$•lldocreasg1 in cash and ¢a$h
equivalents
17,990
(127.8951
Cash and cash equivalents at beginning ofyear
87.778
195.673
Ca¥h and cash equlvalents at end of year
85,768
67,778

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounttng polieigs
Charity inforniation
The entity is a charity registèred in England and Wales.
The ¢haritls obi8clives and aims a￿ disdos8d in the Trustee3' report on page 2.
Accountlng convention
These financial slalements have been prepared in accordance with FRS 102 'The Finandal Reporting
Standard applicab18 in the UK and Republic of Ireland., 'A¢¢ounting and Reporting by Ch8ri1ies' the
Slalement of Recommended Pr8Ctice for charities applying FRS 102, and UK Generally AcLepted A(tounting
Practice, as il applies from 1 January 2019. The charity is a Public Benefit Entlty as defined by FRS 102.
Thè financial statements are prepared in Sterfing, which is the functional ojrrency of the charity. Monetary
amounts in these financial slalements are rounded to the nearest £1.
Thè financial statements have been prepared under thè histori¢al cost convention with itetns ￿0)gnis￿d al
CO8t ortransaction value un￿sS otherwise Slated in the relevant notes to these financial slalements.
Going concern
On the basis of financial ft>re¢asts and prctjections for the future and on the grounds th81 the charity will be
able to continue ils actNiliÈs and meet all of its liabilities as they fall due for a period of al least Iwèlve months
from the date of the approv81 of these financial stalernen15, th$ Trustees have prePa￿d tha finanual
statements using the going concem prinaple. Assuran￿ has beèn given to the TTUStees that The Maudsley
Charty will ¢onb"nue to provide support to Thè Bethlem Art and History Collectlons Trust.
Fund accountin9
The general fund comprises the 8ccumul3t8d surpluses ol unrestrictèd income oveT expendiluie, which a
availab￿ for use in furtheran￿ of the general objective of the charity.
Designated funds are a particular form ol uniestrieted funds consisting of amounts which have been allocated
or sel aside for speafic purposes by the Tnjslees. The use of designated funds remains at the discretion of
the Truslaes.
Reslricted funds are funds subject to specific conditions Imposed by donors. The purpose and use of the
restricted fvnds are set out In the notes lo th& financial statements. Amounts unspent al the year end ate
carried forward In the balance sheet.
Income
Grants, donations and other similar types of vdunlary inwme ai& brought Into account when ￿￿1vable.
DonatlOn8 given for specific purposes are tre*ed as restricted income.
Investment income Is for accounted for on a receivable basis oncg the income has beon eamed.
Employment costs arising on employées of South London and Maudsley NHS Foundation {SLaMI seconded
lo the charty are recognised as income and expenditure in the period incurred and are valued at cost.
Expenrtiturn
Expendliure is recognised in the pgriod in which il is incuffed.
Expenditure incurred on objects purchased for the collection Is wrltten off in the year incul￿d. Th8 amount
expended is shown in the statement of financial aclivities.

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Aeeounting policies (Continued)
Tangible fixed assets
All tangible assets purchased that have a cost of more than £1,000 and have 8n expected usefvl economlc
lrfe that exc8eds one year are capitalised and classlfied as fixed assets.
Tangible fixed assets a￿ inllially measured at cost and subsequenly measured al cost, nel of deprecialion
and any Impairmentlgsses.
Depreciation is recognisèd so as to write off the cost of assets less their residual values over their useful lives
on the following bases-.
Exhibttion equipment
Office eqUIp￿ent & fittings
over 10 years
over 5 years
The gain or loss arising on the dlsposal of an asset is deleimlned a$ th& difference between the sale
proceeds and the carrying value of the asset. and is recognised in the statement of financAal activ¢(ies for the
year.
Inv￿tMentS
Investments are reoognised inillally 81 fair value which is normally the Iransa¢tion WI￿ excluding transaction
costs. Subsequenlly, they are measured at fair value with changes re(x)gnised in 'net gains I Ilossesl on
inveslmÈnts' in the SOFA if the shares are publicly traded or their fair value can otherwise be meawred
reliably. Other investments are measured at cost less impairment.
Cash and cash èquivalènts
Cash and cash equivalents is represented by cash at bank and in hand.
Financial instruments
The charity has applied tho provisions of Seclion 11 '8asio Financial Instruments, of FRS 102 to all of its
finan￿al instruments.
Financial Instruments are recognised in the Charity's balance sheet when the charity becomes party to the
contractual provisions of the tnslrument.
Financlal assets and liabilitie5 are olfsat, with the nel amounts presanted in the finanaal statements, when
there is a tregally enforceable right to set off the recognised amounts and therè is an intention to settle on a
net basis or lo rèalise the asset and selue the Ilablltty slmultaneously.
Taxatlon
The charity is a registered charity and as such, ils income and gains falling within Sections 371 to 489 of the
Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exèmpt from
rporalion tax trj the extent that they are appliad to charitable objectives.
Liabllltl
A contsngent liabilty is dis¢losed for those grants, which do not represent liabilhles, where the posslble
obligation. which arises from past events, will only be confimied by the occurrence of one or more uncertain
future events not wholly within the Trustees, Control. Prowsions are recognlsed for those grants where there is
uncertainty as lo the timin9 or amount, and wherè there is any uncertainty regarding the amount the Trustses
determine a basls for reasonable estimation of thè liability arising from that constructive obligation.

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Criii¢al a¢¢ountlng •stlmates and Sudgements
In the application of the charity's accounting policies. the Trustees are required to makè judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other SOLJrces. The @stimates and associated assumptions arè basèd on historical experience and other
factots th81 ale considered lo be relevant. Actual results may differfrom these estimates.
'Tha 8stimates and underfying assumpliL)ns arè reviewed on an ongoing basis. Revision8 to accounting
estirnales are recognised in the period in which the estimate is revised where the rèwsion affects Imly that
period, 01 in th& porlod of the revision and future periods where the revision affe¢is both current and future
periods.
Crltl¢al ludgaments
Glfts In kind
The chartty rnakes an es￿mate of the value of grFts in kind promded by donors. The esllmale is based on the
information provided by the dor￿r.
Donations and legacies
Unrestricted Restricted
lund
funds
Total
2023
Total
2022
Donations and gifts
Grants receivable
Donated services and facilities- See below
Other
5,411
3S5,500
68,171
39,298
5.411
4,585
369,348 412,900
68,171
65,817
39,298
30,854
13,848
468,380
13,848
482,228 514,136
For the year ended 31 March 2022
514,136
514,136
Donated servlces and fa¢llltle$ In¢omg
During the year under review, expenditur8 totalling £68.171 12022.. £65,817) was borne by SLAM. In order to
show consistency. this arnount is induded in both income and expenditure. The expenditur8 r@18ted to Ihg
follovling items..
2023
2022
Sal8Nes and employment costs
68,171
65,817
10-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investments
Unrestrlcted
2022
2023
Interest re¢elvable
2,748
1,304
Charitable activtties
2023
2022
Staff costs
Depreciation and impairment
Rent and maintènance
Insurance
Development costs including depre￿atIon
Conservation of collections
Publicity, events 8nd exhibitions
211.989
2.854
138,515
5.531
52,248
2,695
14,508
212,423
563
129,862
6,631
52,951
5,498
7,937
428.340
415.86S
Sharè of support costs (see note 61
Share ol govemance costs (see note 6)
70.461
9.460
88.265
9,460
508,281
513,590
Analysis by fund
Unrestricted funds
Restricted funds
505,456
2,805
513,508
82
508.261
513,590

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Gov8m¥n¢è
costs
Costs
2023
2022
Staff costs
IT and website costs
Bank charges
Other expenditure
Legal and professional fees
Accountancy and other professional
fees
24,541
11,618
279
34,023
24,541
11,618
279
34,023
23,160
17,219
326
45,760
1,800
9,460
9,460
9,480
70,461
9,460
79,921
97.725
Governanc¢ costs include payments lo the independent exarniner of £2,400 (2022.. £2.3401 for the
independent examination.
Staff Go$ts and remuneratlon of k&y managgmgnt personnel
Number of employees
The average m()nthly number of employees employed by SLaM and attached to BAHCTfor duties durlng the
year was..
2023
Numbèr
2022
Number
Museum director
Museum stsff
Employment ¢osts
2023
2022
Salaries and amploymenl costs
236.530
23S.583
The salaries and employment costs arise on those employees of the South London and Maudsley NHS
Foundation Tru81 and are all rarharged to the charity exc8Pt for the femuneration of the Diracior as the58
costs are borne by SLaM.
No employee has eamed more then £60,000 in the Current Of prior period.
The chartty considers the board of Trustees and the Museum Director a$ their key management personnel.
Rèmun@ration of key management personnel was £53,703 12022.. £52,093) and ernployers national
insur8nce was £14,46812022.. £13,723).
No trustees were relmburs8d for cos15 incurred during the current or previous year.
12-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Tangibl8 fixéd assots
Exhlb6tOon
8quipmont oqulpmollt &
fktlngs
Cost
Al 1 April 2022
Additions
458,632
82,374
2,009
541,OC
2,009
At 31 March 2023
458,632
84.383
543.015
Depreciation and impalmi8nt
Al 1 Aprll 2022
Depreciation charged in the year
332,463
45,863
70,068
2.854
402,529
48,717
At 31 March 2023
378,326
72.920
451,246
Canylng amount
At 31 March 2023
80,306
11.463
91,769
Al 31 March 2022
126.169
12,308
138,477
Debtors
2023
2022
Amounts fallln9 due withln onfy year:
Prepayments and accrued income
46.517
41,358
10 Flxgd asset Investments
2023
2022
other investments
85,000
11 Current ass•t Invèstsnents
2023
2022
Other investments
85,000
17D.IXX)
13-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Creditors: amounts falling due within onè yèar
2023
2022
Accruals Bnd deferred income
5,483
5,757
Deforrgd Income
2023
2022
B818nce at 1 April
Amounts deferred in the year
Amounts ukn'lised in the year
225
225
12251
Balance 8131 March
225
In the prior year deferred income of £225 related to income from room hire forthe period 2022-23.
13 AnalyBis of not a8$0ts b•tW99n fund$
Unrestrictsd Designatèd Rgstricted
General Fund Development
Funds
Fund
Total
Fund balances at 31 Marth 2023 are represented by..
Fixed assets
Nel Current assets
96.463
143,945
80,306
52,075
176,769
15,782 211,802
240,408
132,381
15,782 388,571
Unrestricted Oe$ignatèd Restrtetsd
General Fund Development
Funds
Fund
Total
Fund balances al 31 Mar¢h 2022 ara represented by..
Fixed assets
Net C￿r￿nt assets
12,308
216,565
126,169
52,075
138.477
4,739 273.379
228,873
178.244
4,739 411,856
14-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14 Restricted fund5
The incoma funds of the charity indude feslricted fund5 cornprising the following unexpended b818nces of
donatitsns and grants held on trust for specific purposes..
Movemènt in funds
In¢om& Exp&nditur•
Transfer of Balanc• at 31
funds March 2023
Balance at 1
April 2022
Archives Teslbed project
Weston Loan programme with Art
Fund
Benji Rebd photograph
4,739
5,075
19621
8,852
6,930
1,843
8,930
(1,843)
4,739
13,848
12,805)
15.782
Movement in funds
ID¢ome Expendlture
Transfer of Balance at 31
nds
Mar¢h 2022
Prlor year
Balance at 1
April 2021
Archives Testbed project
4.821
1821
4,739
4,821
1821
4,739
Archlves Testbod project
Funds to facilitate an ileialion of the Museum's innovattve 'Change Minds Online. crow&sOur￿d research
project.
Weston Loan programme wlth Art Fund
Grant re¢eiv8d for the museum to borrow rnajor works of art from national collections.
Benji Reid photograph
Grant received for the purchase ofthe pholograph"Holding Onto Daddy" by Benji Reid.
15-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 Unrestricted fund8
The income funds of the charity include the following designated funds which have been set aside of
unrestricted funds by the Trustees for specific PUTposes'.
Movement in fundts
Income Expenditure
Balanc? at 1
April 2022
Transfèr of Balancè at 31
furEds
iarch 2023
Development Fund
General Fund
178,244
228,873
145,863)
1459,593)
132,381
240.4D8
471.128
407,117
471.128
1505,456)
372,789
Movement in fvnd$
Income Expenditure
Balance at 1
April 2021
Tran$fvr of Balan¢¢ at 31
fund$
Morch 2022
Dèvèlopment Fund
General Fund
224,107
181,078
145.8631
(467,6451
178.244
228,873
515.440
405,185
515,440
(513,5081
407,117
The Development Fund has been established and bullt up over a numb8r of years to support the rèlocation
and development of the Museum. This fund absorbs the depreciation charged on assets caprtalised as a
rèsult of the move lo the charity's premises. Reseryes for 10°h of the ¢osls of the redevelOprn￿t of the
Museum's perrnanent exhibition $pac& will be covered by this fund in the fijlure.
16 Cash generated from operations
2023
2022
(Dèfidtllsurpus for the year
123,2851
1,850
Adjuslmenls for..
Investment income recognised In stslement of finanaal actwilies
Oeprecialion and impaimient ol tangible fixed assets
12,7481
48,717
{1,304)
48,426
ovements in working rApilal'.
{Incieaselld8crease in debtors
([)e¢￿ase}/InCfease in creilitors
15,1591
12741
3,787
662
Cash 9on•ratad from operationy
17,251
51,421
16-

THE BETHLEM ART AND HISTORY COLLECTIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
17 Non-inclu$l¢n of h&ritsgè assèts In the balance sheot
In the opinion of the Trustees. reliable Information on rx)st or value is not available for the charty's colle(aion
of a￿Ork and ancillary items. Further details of this ¢olle¢b"on can be found in the objectives of the charity on
page 2. This is owing to Ihg lack of comparable rnarkel values, the diverse nature of the objects and the
volume of items held.
In the Ttustees, opinion. conventional valuation approaches lack sufficient reliability and any valuation is likely
lo ineur significant cost and time commhmenl that is likety to be onerous. Even if valuations could be obtained,
the cost would not be commensurate with any benefts to the charity's management, the public, or usèrs of the
rinancial slatamènts.
For the above reasons, the collections. large proportions of which were gffted to the charity at no ctsyl and are
incomparable in n8tur6. are not ￿cogniSed as assets in the charity's balance sheet.
18 Commitmonts and confjngent liabilitie5
The total of grants received to assist ￿ttt the original purchase of histori￿1 obje¢ls. and which would
potentially be repayable should the charity ￿e￿de to dispose ol the objects, was £154,305 al 31 March 2023
(2022.. £154.3QS). In the opinion of the Trustees, the possibilty of this liability crystallising 15 remote.
19 Relatsd party transactlons
Transactlons With related partles
During the year. the d)arty entered into the following transa￿lOnS with related parties..
Ms J Smart. the Finance Officer and a trustee of the tharty, received £4,￿0 in the year under revlew {2022:
£4,000) for accounting services. At the year enij. no amounts were outstanding.
17-