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|Trustees|DrOAyonrinde|
|---|---|
||MsEBateman|
||DrCCampbell|
||MsMGuinness|
||DrNHervey|
||ProfRHoward|
||MsCHudson|
||MsJLockett|
||MrGMunnOBE|
||MsBRobertson|
||MsJSmart|
|Financeofficer|MsJSmart|
|Correspondent|MrCGale|
|Charitynumber|1190303|
|Companynumber|CE022442|
|Registeredoffice|BethlemMuseumoftheMind|
||MonksOrchardRoad|
||Beckenham|
||Kent|
||BR33BX|
|Independentexaminer|KerryGallagheronbehalfof|
||RSMUKTaxandAccountingLimited|
||DavidsonHouse|
||ForburySquare|
||Reading|
||Berkshire|
||RG13EU|





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||Page|
|---|---|
|Trustees'report|1-3|
|Independentexaminer'sreport|4|
|Statementoffinancialactivities|5|
|Balancesheet|6|
|Statementofcashflows|7|
|Notestothefinancialstatements|8-17|





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## Kerry Gallagher 

10/12/24 



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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2024|2023|
||Notes|£|£|£|£|
|Incomefrom:||||||
|Donationsandlegacies|3|462,957|6,461|469,418|482,228|
|Charitableactivities|4|20,644||20,644||
|Investments|5|6,454||6,454|2,748|
|Totalincome||490,055|6,461|496,516|484,976|
|Expenditureon:||||||
|Charitableactivities|6|540,437|3,693|544,130|508,261|
|Totalexpenditure||540,437|3,693|544,130|508,261|
|Net(outgoing)/incomingresourcesbefore||||||
|transfers||(50,382)|2,768|(47,614)|(23,285)|
|Grosstransfersbetweenfunds||(225)|225|-||
|Netmovementinfunds||(50,607)|2,993|(47,614)|(23,285)|
|Fundbalancesat1April||372,789|15,782|388,571|411,856|
|Fundbalancesat31March||322,182|18,775|340,957|388,571|





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|||2024||2023||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Tangibleassets|9||42,817||91,769|
|Investments|10||85,000||85,000|
||||127,817||176,769|
|Currentassets||||||
|Debtors|11|73,359||46,517||
|Investments|12|85,000||85,000||
|Cashatbankandinhand||62,072||85,768||
|||220,431||217,285||
|Creditors:amountsfallingduewithin||||||
|oneyear|13|(7,291)||(5,483)||
|Netcurrentassets|||213,140||211,802|
|Totalassetslesscurrentliabilities|||340,957||388,571|
|Funds||||||
|Restrictedfunds|15||18,775||15,782|
|Unrestrictedfunds|16||322,182||372,789|
|Totalfunds|||340,957||388,571|





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|||2024||2023||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cashflowsfromoperatingactivities||||||
|Cash(absorbedby)/generatedfrom|17|||||
|operations|||(30,150)||17,251|
|Investingactivities||||||
|Purchaseoftangiblefixedassets||||(2,009)||
|Interestreceived||6,454||2,748||
|Netcashgeneratedfrominvesting||||||
|activities|||6,454||739|
|Net(decrease)/increaseincashandcash||||||
|equivalents|||(23,696)||17,990|
|Cashandcashequivalentsatbeginningofyear|||85,768||67,778|
|Cashandcashequivalentsatendofyear|||62,072||85,768|





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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|2024|2023|
||`£`|`£`|`£`|<br>`£`|
|Donationsandgifts|5,079||5,079|5,411|
|Grantsreceivable|355,500|6,461|361,961|369,348|
|Donatedservicesandfacilities-Seebelow|75,126||75,126|68,171|
|Otherincome|27,252||27,252|39,298|
||462,957|6,461|469,418|482,228|
|Fortheyearended31March2023|468,380|13,848||482,228|



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|2024-|2023|
|---|---|
|`£`|`£`|
|75,126|68,171|





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|4|Charitableactivities|||
|---|---|---|---|
|||Unrestricted||
|||2024|2023|
|||£|£|
||Royaltyincome|20,644||
|5|Investments|||
||||Unrestricted|
|||2024|<br>2023|
|||£|<br>£|
||Interestreceivable|6,454|<br>2,748|
|6|Charitableactivities|||
|||2024|2023|
|||£|£|
||Staffcosts|239,663|211,989|
||Depreciationandimpairment|3,089|2,854|
||Rentandmaintenance|154,494|138,515|
||Insurance|6,728|5,531|
||Developmentcostsincludingdepreciation|52,301|52,248|
||Conservationofcollections|3,447|2,695|
||Publicity,eventsandexhibitions|8,269|14,508|
|||467,991|428,340|
||Shareofsupportcosts(seenote7)|66,279|70,461|
||Shareofgovernancecosts(seenote7)|9,860|9,460|
|||544,130|508,261|
||Analysisbyfund|||
||Unrestrictedfunds|540,437|505,456|
||Restrictedfunds|3,693|2,805|
|||544,130|508,261|





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|Supportcosts|||||
|---|---|---|---|---|
||Support|Governance|2024|2023|
||costs|<br>costs|||
||£|<br>£|£|£|
|Staffcosts|26,229|<br>-|26,229|24,541|
|ITandwebsitecosts|12,637||12,637|11,618|
|Bankcharges|55||55|279|
|Otherexpenditure|27,358|<br>-|27,358|34,023|
|Accountancyandotherprofessional|||||
|fees||9,860|9,860|9,460|
||66,279|<br>9,860|76,139|79,921|



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|<br>yearwas:|||
|---|---|---|
||2024|2023|
||Number|Number|
|Museumdirector|1|1|
|Museumstaff|6|7|
||7|8|
|Employmentcosts|2024|2023|
||£|£|
|Salariesandemploymentcosts|265,892|236,530|



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|9|Tangiblefixedassets||||
|---|---|---|---|---|
|||Exhibition|Office|Total|
|||equipment|equipment&||
||||fittings||
|||`£`|<br>`£`|<br>`£`|
||Cost||||
||At1April2023|458,632|84,383|543,015|
||At31March2024|458,632|84,383|543,015|
||Depreciationandimpairment||||
||At1April2023|378,326|72,920|451,246|
||Depreciationchargedintheyear|45,863|3,089|48,952|
||At31March2024|424,189|76,009|500,198|
||Carryingamount||||
||At31March2024|34,443|8,374|42,817|
||At31March2023|80,306|11,463|91,769|
|10|Fixedassetinvestments||||
|||||Other|
|||||investments|
||Costorvaluation||||
||At1April2023|||85,000|
||Carryingamount||||
||At31March2024|||85,000|
||At31March2023|||85,000|
|11|Debtors||||
||||2024|2023|
||Amounts_falling_duewithinone-year-:-||||
||Prepaymentsandaccruedincome||73,359|46,517|
|12|Currentassetinvestments||||
||||2024|2023|
||||£|£|
||Otherinvestments||85,000|85,000|





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||||2024|2023|
|---|---|---|---|---|
||||£|£|
|Accrualsanddeferredincome|||7,291|5,483|
|Deferredincome|||||
||||2024|2023|
||||£|£|
|Balanceat1April||||225|
|Amountsdeferredintheyear|||1,396||
|Amountsutilisedintheyear|||-|(225)|
|Balanceat31March|||1,396||
|Deferredincomerelatestoincomereceivedforroomhireforfutureperiods.|||||
|Analysisofnetassetsbetweenfunds|||||
||Unrestricted|<br>Designated|Restricted|Total|
||GeneralFund|Development|Funds||
|||Fund|||
||£|<br>£|£|£|
|Fundbalancesat31March2024arerepresentedby:|||||
|Fixedassets|93,374|<br>34,443|-|127,817|
|Netcurrentassets|142,290|<br>52,075|18,775|213,140|
||235,664|<br>86,518|18,775|340,957|
||Unrestricted|<br>Designated|Restricted|Total|
||GeneralFund|Development|Funds||
|||Fund|||
||£|<br>£|£|£|
|Fundbalancesat31March2023arerepresentedby:|||||
|Fixedassets|96,463|<br>80,306|-|176,769|
|Netcurrentassets|143,945|<br>52,075|15,782|211,802|
||240,408|<br>132,381|15,782|388,571|





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|||Movementinfunds|Movementinfunds|Movementinfunds||
|---|---|---|---|---|---|
||Balanceat1|Income|Expenditure|Transferof|Balanceat31|
||April2023|||funds|March2024|
||`£`|`£`|<br>`£`|`£`|<br>`£`|
|ArchivesTestbedproject|8,852|4,461|<br>(726)||12,587|
|WestonLoanprogrammewithArt||||||
|Fund|6,930|-|<br>(742)||6,188|
|DiversityMattersproject||2,000|<br>(2,225)|225||
||15,782|6,461|<br>(3,693)|225|18,775|
|||Movementinfunds||||
|Prioryear|Balanceat1|Income|Expenditure|Transferof|Balanceat31|
||April2022|||funds|March2023|
||`£`|`£`|<br>`£`|`£`|<br>`£`|
|ArchivesTestbedproject|4,739|5,075|<br>(962)||8,852|
|WestonLoanprogrammewithArt||||||
|Fund||6,930||-|<br>6,930|
|BenjiReidphotographyfund||1,843|<br>(1,843)|||
||4,739|13,848|<br>(2,805)||15,782|



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|||Movementinfunds|Movementinfunds|||
|---|---|---|---|---|---|
||Balanceat1|Income|Expenditure|Transferof|Balanceat31|
||April2023|||funds|March2024|
||`£`|`£`|<br>`£`|`£`|<br>`£`|
|DevelopmentFund|132,381||(45,863)||86,518|
|GeneralFund|240,408|490,055|(494,574)|(225)|<br>235,664|
||372,789|490,055|(540,437)|(225)|<br>322,182|
|||Movementinfunds||||
||Balanceat1|Income|Expenditure|Transferof|Balanceat31|
||April2022|||funds|March2023|
||`£`|`£`|<br>`£`|`£`|<br>`£`|
|DevelopmentFund|178,244||(45,863)||132,381|
|GeneralFund|228,873|471,128|(459,593)||240,408|
||407,117|471,128|(505,456)||372,789|



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||||
|---|---|---|
|Cashgeneratedfromoperations|2024|2023|
||£|£|
|Deficitfortheyear|(47,614)|(23,285)|
|Adjustmentsfor:|||
|Investmentincomerecognisedinstatementoffinancialactivities|(6,454)|(2,748)|
|Depreciationand impairmentoftangiblefixedassets_|48,952_|48,717|
|Movementsinworkingcapital:|||
|Increaseindebtors|(26,842)|(5,159)|
|Increase/(decrease)increditors|1,808|(274)|
|Cash(absorbedby)/generatedfromoperations|(30,150)|17,251|





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