Trustees Report 2022 AGM
With the easing of Covid restrictions in July of 2021, we were able to welcome visitors to the Museum. Thus we took £1,190 entrance fees and increased our Gift Shop sales accordingly. Membership income was up, as was Cole Gallery income. We are still not yet up to our usual income levels. The Planning Consultancy cost of £1,700 for our Charity to change to a Charitable Incorporated Organisation was fortunately assisted by a 90% grant. Processing our Layer Marney visits resulted in an increase of over £1,460 to our gross income of £6,836.
Our greatest costs remain gas, electricity and insurance being just over £3,400 of our £8,520 expenditure. Electricity has gone down a touch, perhaps reflecting our ongoing change to LED lighting while gas has gone up considerably. The cost of routine systems’ maintenance of just under £570 is unavoidable. Insurance is based on the cost of living index, so will always rise.
Overall, with income of £6,836 and expenditure of £8,520, the result is a loss of £1,683. We still benefit from the £10,000 Government Business grant from last year so, after two very difficult years, our nett bank balance at £11,005 leaves us in a reasonably secure position. We still have our emergency reserve of £7,730 and with our usual fundraising activities a possibility, and look forward to a better 2022.
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