| Page | |||
|---|---|---|---|
| Trustees' report |
1-2 | ||
| Independent examineVs |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes to the financial | statements |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| Notes | f | E | F | K | E | ||
| Income from: | |||||||
| Donations and legacies |
18,684 | 10,956 | 29,640 | 13,321 | 13,321 | ||
| Charitable activities |
840 | 840 | 7,464 | 7,464 | |||
| Other trading activities |
29,626 | 29,626 | 29,266 | 29,266 | |||
| Investments | 1 | 1 | |||||
| Total income | 49,150 | 10,956 | 60,106 | 50,052 | 50,052 | ||
| Expenditure on: |
|||||||
| Raising funds | 7 | 13,638 | 13,638 | 15,344 | 15,344 | ||
| Charitable activities |
8 | 40,433 | 2,952 | 43,385 | 36,281 | 382 | 36,663 |
| Total expenditure | 54,071 | 2,952 | 57,023 | 51,625 | 382 | 52,007 | |
| Net income/(expenditure) | and | ||||||
| movement in funds |
(4,921) | 8,004 | 3,083 | (1,573) | (382) | (1,955) | |
| Reconciliation offunds: | |||||||
| Fund balances at 1 January | |||||||
| 2023 | 80,671 | 5,543 | 86,214 | 82,244 | 5,925 | 88,169 | |
| Fund balances at 31 | |||||||
| December 2023 | 75,750 | 13,547 | 89,297 | 80,671 | 5,543 | 86,214 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | |||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 92,275 | 88,212 | |||||
| Current assets | ||||||||
| Stocks | 13 | 8,477 | 8,726 | |||||
| Debtors | 14 | 1,429 | 505 | |||||
| Cash at bank and in | hand | 9,238 | 9,949 | |||||
| 19,144 | 19,180 | |||||||
| Creditors: | amounts | falling due within | 15 | |||||
| one year | 22,122 | 21,178 | ||||||
| Net current | liabilities | (2,978) | (1,998) | |||||
| Total assets less current liabilities | 89,297 | 86,214 | ||||||
| The funds | ofthe charity | |||||||
| Restricted | income funds | 17 | 13,547 | 5,543 | ||||
| Unrestricted | funds | 75,750 | 80,671 | |||||
| 89,297 | 86,214 |
| Admissions | Charitable | Total | Total | |
|---|---|---|---|---|
| Income | ||||
| 2023 | 2023 | 2022 | ||
| Admissions | 840 | 840 | 1,074 | |
| Events income | 6,390 | |||
| 840 | 840 | 7,464 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2023 | 2022 | ||||
| E | |||||
| RaNe | 5,408 | 5,393 | |||
| Shop | income | 23,228 | 23,574 | ||
| Letting | and licensing | arrangements | 990 | 299 | |
| Other | trading | activities | 29,626 | 29,266 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| general | general |
| 2023 | 2022 |
| Raising funds | |||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| general | general | ||
| 2023 | 2022 | ||
| E | f | ||
| Qyjj(~+ | |||
| Staging fundraising | events | 13,631 | 11,320 |
| Exhibition costs | 959 | ||
| Advertising | 3,065 | ||
| Raising funds | 13,638 | 15,344 | |
| 13,638 | 15,344 |
| Charitable | Charitable | ||||||
|---|---|---|---|---|---|---|---|
| activities | activities | ||||||
| 2023 | 2022 | ||||||
| Staff costs | 21,887 | 18,476 | |||||
| Depreciation | and impairment | 5,146 | 4,639 | ||||
| Heating oil |
2,455 | 2,340 | |||||
| Electricity | 1,112 | 158 | |||||
| Rent, rates and insurance | 1,539 | 2,606 | |||||
| Repairs and | cleaning | 6,325 | 4,568 | ||||
| Postage, stationery, | advertising | and telephone | 1,162 | 1,195 | |||
| General administration | expenses | 871 | 2,285 | ||||
| Bank charges | 488 | 396 | |||||
| Professional | fees | 2,400 | |||||
| 43,385 | 36,663 | ||||||
| 43,385 | 36,663 | ||||||
| Analysis by |
fund | ||||||
| Unrestricted | funds - | general | 40,433 | 36,281 | |||
| Restricted funds | 2,952 | 382 | |||||
| 43,385 | 36,663 | ||||||
| Forthe year | ended | 31December 2022 | |||||
| Unrestricted | funds - | general | 36,281 | ||||
| Restricted funds | 382 | ||||||
| 36,663 |
| The average | monthly number ofemployees during th |
e year was: | |
|---|---|---|---|
| 2023 | 2022 | ||
| Number | Number | ||
| Employment | costs | 2023 | 2022 |
| Wages and | salaries | 21,887 | 18,476 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Property | Photographic | Fixtures & | Total | ||
| improvements | copyright | fittings | |||
| Cost | |||||
| At 1 January 2023 | 100,329 | 750 | 17,325 | 118,404 | |
| Additions | 9,210 | 9,210 | |||
| At 31 December 2023 | 100,329 | 750 | 26,535 | 127,614 | |
| Depreciation and impairment |
|||||
| At 1 January 2023 | 17,537 | 750 | 11,905 | 30,192 | |
| Depreciation charged |
in the year | 4,013 | 1,134 | 5,147 | |
| At 31 December 2023 | 21,550 | 750 | 13,039 | 35,339 | |
| Carrying amount |
|||||
| At 31 December 2023 | 78,779 | 13,496 | 92,275 | ||
| At 31 December 2022 | 82,792 | 5,420 | 88,212 |
| 13 | Stocks | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Raw materials | and consumables | 1,225 | 608 | |||
| Finished | goods and goods for resale | 7,252 | 8,118 | |||
| 8,477 | 8,726 | |||||
| 14 | Debtors | |||||
| 2023 | 2022 | |||||
| Amounts | falling due within one year: | |||||
| Trade debtors | 34 | 505 | ||||
| Prepayments | and accrued income | 1,395 | ||||
| 1,429 | 505 | |||||
| 15 | Creditors: amounts falling due within one year |
|||||
| 2023 | 2022 | |||||
| Notes | ||||||
| Other loans | 16 | 20,000 | 20,000 | |||
| Payments | received on account | 60 | ||||
| Other creditors | 2,122 | 1,118 | ||||
| 22,122 | 21,178 | |||||
| 16 | Loans and overdrafts | |||||
| 2023 | 2022 | |||||
| F | ||||||
| Other loans | 20,000 | 20,000 | ||||
| Payable | within | one year | 20,000 | 20,000 |
| At 1 January | Incoming | Resources | At 31 | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 | resources | expended | December | |||||
| 2023f | ||||||||
| Restoration | fund | 3,398 | 3,398 | |||||
| Northumberland | County Council - Shelving | unit | 650 | (91) | 559 | |||
| Newcastle | City Council Grant - AV equipment | 1,495 | (181) | 1,314 | ||||
| Newcastle | City Council Grant | 962 | (962) | |||||
| North East | Recovery and Development | Grant- | ||||||
| New kitchen and | dining equipment | 9,994 | (1,718) | 8,276 | ||||
| 5,543 | 10,956 | (2,952) | 13,547 | |||||
| Previous year: | At 1 January | Incoming | Resources | At 31 | ||||
| 2022 | r'esour'ces | expended | December | |||||
| 2022 | ||||||||
| Restoration | fund | 3,398 | 3,398 | |||||
| Newcastle | City Council Grant - Shop display | 109 | (109) | |||||
| Northumberland | County Council - Shelving | unit | 741 | (91) | 650 | |||
| Newcastle | City Council Grant - AV equipment | 1,677 | (182) | 1,495 | ||||
| 5,925 | (382) | 5,543 |
| At | 1 | January | Incoming | Resources | At 31 | ||
|---|---|---|---|---|---|---|---|
| 2023 | resources | expended | December | ||||
| 2023 | |||||||
| General | funds | 80,671 | 49,150 | (54,071) | 75,750 |
| 18 | Unrestricted funds |
(Continued) | ||||
|---|---|---|---|---|---|---|
| Previous year: | At 1January | Incoming | Resources | At 31 | ||
| 2022 | resources | expended | December | |||
| 2022 | ||||||
| General funds | 82,244 | 50,052 | (51,625) | 80,671 | ||
| 19 | Analysis ofnet assets between funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2023 | 2023 | 2023 | ||||
| E | ||||||
| Fund balances at 31 December 2023 are represented | by: | |||||
| Tangible assets | 82,201 | 10,074 | 92,275 | |||
| Current assets/(liabilities) | (6,451) | 3,473 | (2,978) | |||
| 75,750 | 13,547 | 89,297 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2022 | 2022 | 2022 | ||||
| Fund balances at 31 December 2022 are represented | by: | |||||
| Tangible assets | 82,669 | 5,543 | 88,212 | |||
| Current assets/(liabilities) | (1,998) | (1,998) | ||||
| 80,671 | 5,543 | 86,214 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| E | ||||||||||
| n omi re |
e | df | nd | |||||||
| Donations and legacies |
||||||||||
| Donations | 18,684 | 13,321 | ||||||||
| Newcastle City Council grant - Restricted |
fund | 962 | ||||||||
| Grant - Restricted | fund | 9,994 | ||||||||
| 29,640 | 13,321 | |||||||||
| Activities for generating | funds | |||||||||
| RaNe | 5,408 | 5,393 | ||||||||
| Sales ofpostcards, | books | and brochures | 23,228 | 23,574 | ||||||
| Letting s | 990 | 299 | ||||||||
| 29,626 | 29,266 | |||||||||
| Investment income |
||||||||||
| Deposit interest | ||||||||||
| 59,266 | 42,588 | |||||||||
| Incoming resources from | charitable | activities | ||||||||
| Admissions | 840 | 1,074 | ||||||||
| Events income | 6,390 | |||||||||
| 840 | 7,464 | |||||||||
| Total incoming resources |
60,106 | 50,052 | ||||||||
| Costs ofgenerating | funds | |||||||||
| Costs ofgenerating | donations | and | legacies | |||||||
| Costs ofpostcards, | books | and brochures | 13,631 | 11,320 | ||||||
| Exhibition Costs | 959 | |||||||||
| Events Costs | 3,065 | |||||||||
| (13,638) | (15,344) | |||||||||
| Balance Carried Forward | 46,468 | 34,708 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Balance | Brought Forward | 46,468 | 34,708 | ||||
| Charitable activities |
|||||||
| Wages | 21,887 | 18,476 | |||||
| Fixtures | and fittings depreciation | 401 | 244 | ||||
| Property | improvements depreciation |
4,013 | 4,013 | ||||
| Heating | oil | 2,455 | 2,340 | ||||
| Electricity | 1,112 | 158 | |||||
| Rent, rates and insurance | 1,539 | 2,606 | |||||
| Repairs | and cleaning | 4,105 | 4,568 | ||||
| Postage, | stationery, advertising |
and | telephone | 1,162 | 1,195 | ||
| General | administration expenses |
871 | 2,285 | ||||
| Bank charges | 488 | 396 | |||||
| Professional fees | 2,400 | ||||||
| Fixtures | and fittings depreciation | - Restricted fund | 732 | 382 | |||
| Repairs | funded by grant - Restricted |
fund | 2,220 | ||||
| (43,385) | (36,663) | ||||||
| Surplus/(Deficit) forthe Year |
3,083 | (1,955) |