2022-12-31-accounts - The Fusiliers Museum Of Northumberland

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Trustees		MrJ.Armstrong
		Ms Clare Baxter
		Mr G. Castle
		Lady Victoria Percy
		Mr N. Salvesen
		Mr A. Wilson
Ex-officio Trustees		The Duke of Northumberland
		Col. A Gawthorpe
Charity number		273064
Principal address		The Abbot's Tower
		Alnwick Castle
		Alnwick
		Northumberland
		NE66 1NG
Independent	examiner	Colin Frame CA
		17Walkergate
		Berwick-upon-Tweed
		Northumberland
		TD15 1DJ
Bankers		Lloyds
		24 Bondgate Within
		Alnwick
		Northumberland
		NE66 1TD

			Page
Trustees' report			1-3
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements		7-22

				Unrestricted	Unrestricted	Restricted	Total	Total
				funds	funds	funds	2022	2021
				general	designated
			Notes			E
Donations and legacies				20,522	1,500		22,022	66,001
Income from	charitable	activities		37,900			37,900	27,940
Other trading	activities			10,151			10,151	970
Investments				753			753	515
Other								1,188
Total income	and endowments			69,326	1,500		70,826	96,614
Exeni r	on:
Raising funds				5,117			5,117	2,015
Charitable activities				66,974	112	1,580	68,666	84,048
Total expenditure				72,091	112	1,580	73,783	86,063
Net gains on	investments		13	(9,566)			(9,566)	7,935
Net movement in funds				(12,331)	1,388	(1,580)	(12,523)	18,486
Fund balances at 1 January 2022				123,499	78,941	24,912	227,351	208,865
Fund balances at 31 December
2022				111,168	80,329	23,332	214,829	227,351

				2022		2021
			Notes	F
Fixed assets
Tangible assets			14		7,853		9,598
Investments			15		100,317		96,618
					108,170		106,216
Current assets
Stocks			17	1,103		3,031
Debtors			18	591		8,287
Cash at bank	and in	hand		108,840		114,452
				110,534		125,770
Creditors: amounts		falling due within
one year			19	(3,875)		(4,635)
Net current assets					106,659		121,135
Total assets	less current liabilities				214,829		227,351
Income funds
Restricted funds			20		23,332		24,911
Unrestricted	funds -	designated	21		80,329		78,941
Unrestricted	funds -	general			111,168		123,499
					214,829		227,351

		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds	2022	2021
		general	designated
				E
Donations	and gifts	19,548			19,548	11,930
Legacies	receivable					10,000
Grants		974			974	42,571
Conservation			1,500		1,500	1,500
		20,522	1,500		22,022	66,001
Forthe year ended 31 December
2021		37,473	1,500	27,028		66,001

		Income from	Income from
		charitable	charitable
		activities	activities
		2022f	2021
Visitor entrance fees		36,050	25,882
Educational	entrance fees	100
Research fees		1,750	2,058
		37,900	27,940

		Unrestricted	Total
		funds
		general
		2022	2021
Shop	sales	10,151	970

6	Investments	Investments
							Unrestricted	Total
							funds
							general
							2022	2021
								E
	Investment		income				505	305
	Interest	receivable					248	210
							753	515
7	Other
							Unrestricted	Total
							funds
							general
							2022	2021f
	Other income							77
	Government			furlough		scheme		1,111
								1,188
8	Raising	funds
							Unrestricted	Total
							funds
							general
							2022	2021
								f
	~Risin	f nds
	Opening	stock - shop					3,031	3,723
	Shop purchases				and	donated goods	2,149	241
	Closing	shop		- stock			(1,103)	(3,031)
	Raising	funds					4,077	933
	Investment		management				1,040	1,082
							5,117	2,015

			Charitable	Other	Total	Total
			Activitiesf		2022	2021
Staff costs			56,682		56,682	52,922
Office and computer		equipment	664		664	2,038
Storage equipment			1,301		1,301	1,301
Conservation			112		112	905
Redevelopment project costs						15,629
Computer software	and consumables			1,230	1,230	657
Rent			294	850	1,144	1,096
Insurance				1,069	1,069	1,015
Repairs and cleaning				913	913	2,070
Travel expenses				69	69	35
Postage, stationery	and telephone			769	769	797
Advertising						1,501
General administration		expenses		499	499	391
Bank charges				389	389	226
Fixtures and fittings			55		55
Activity expenses			768		768
Share ofgovernance		costs (see note 10)		3,002	3,002	3,465
			59,876	8,790	68,666	84,048
Analysis by fund
Unrestdcted funds -	general		58,184	8,790	66,974
Unrestricted funds -	designated		112		112
Restricted funds			1,580		1,580
			59,876	8,790	68,666
Forthe year ended		31 December 2021
Unrestricted funds -	general		44,256	9,717		53,973
Unrestricted funds -	designated		27			27
Restricted funds			28,758	1,290		30,048
			73,041	11,007		84,048

Support	costs
		Support	Governance	2022	2021
		costs	costs
Accountancy			3,002	3,002	3,465
			3,002	3,002	3,465
Analysed	between
Charitable	activities		3,002	3,002	3,465

		2022	2021
		Number	Number
Administration
Seasonal
Employment	costs	2022	2021
Wages and salaries		53,621	50,569
Other pension	costs	3,061	2,353
		56,682	52,922

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
				F
Revaluation	of	investments	(9,436)	7,800
Gain/(loss)	on	sale of investments	(130)	135
			(9,566)	7,935

Tangible fixed assets
		Storage	Office and	Artefacts	Fixtures and	Total
		equipment	computer		fittings
			equipment
Cost
At 1 January 2022		18,551	20,539	6,400		45,490
Additions					275	275
At 31 December 2022		18,551	20,539	6,400	275	45,765
Depreciation and impairment
At 1 January 2022		16,824	19,068			35,892
Depreciation charged	in the year	1,301	664		55	2,020
At 31 December 2022		18,125	19,732		55	37,912
Carrying amount
At 31 December 2022		426	807	6,400	220	7,853
At 31 December 2021		1,727	1,471	6,400		9,598

				Listed	Cash in	Total
				investments	porffolio
	Cost or valuation
	At 1 January 2022			95,242	1,376	96,618
	Cash deposited				15,000	15,000
	Additions			22,431	10,057	32,488
	Valuation changes			(9,566)		(9,566)
	Investment income				505	505
	Management fees				(1,040)	(1,040)
	Disposals			(10,057)	(22,431)	(32,488)
	Cash withdrawn				(1,200)	(1,200)
	At 31 December 2022			98,050	2,267	100,317
	Carrying amount
	At 31 December 2022			98,050	2,267	100,317
	At 31 December 2021			95,242	1,376	96,618
16	Financial instruments				2022	2021
						f
	Carrying amount offinancial assets
	Instruments measured	at fair value through	profit or loss		98,050	95,242
17	Stocks
					2022	2021
	Raw materials and consumables				1,103	3,031
18	Debtors
					2022	2021
	Amounts falling due	within one year:
	Trade debtors				125	4
	Other debtors				158	7,991
	Prepayments and accrued income				308	292
					591	8,287

		2022	2021
Other taxation and social security		1,145	1,760
Accruals and deferred	income	2,730	2,875
		3,875	4,635

						Movement	Movement	in funds
					Balance atTotal incoming			Total	Transfers	Balance at	Total	Balance at
					1January2021	resources	resourcesbetweenfunds1			January2022	resources	31 December
					f		expended				expended	2022f
Capital Endowment Fund					20,737					20,737		20,737
Fusiliers Aid Society Grant					1,231			(1,231)
Pilgrim Trust and MDNE Conservation				Grant	2,384			(1,100)		1,284	(1,100)	184
Computer Project (AMOT)					89			(89)
Gun Safe Grant (AMOT)					497			(136)		361	(136)	225
The Joicey Trust Regimental		Colours Grant			400					400		400
MDNE Firearms Cleaning	Grant				1,357					1,357		1,357
Regimental FAS Covid Grant					830			(576)		255	(113)	142
MDNE Recovery 8 Development			Grant			2,028		(1,510)		518	(231)	287
Arts Council Funding (CRF) - Culture Recovery Fund						25,000	(25,406)		406
					27,525	27,028	(30,048)		406	24,912	(1,580)	23,332

					Movement	in funds		Movement	in funds
				Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
			1	January 2021	resources	expended1	January 2022	resources	expended	31 December
										2022
Acquisition	Fund			6,400			6,400			6,400
Conservation		Fund		12,108	1,500	(27)	13,581	1,500	(112)	14,969
Refurbishment		Fund		58,960			58,960			58,960
				77,468	1,500	(27)	78,941	1,500	(112)	80,329

Analysis o	fnet assets between funds
		Unrestricted	Designated	Restricted	Total	Unrestricted	Designated	Restricted	Total
		Funds	Funds	Funds		Funds	Funds	Funds
		2022	2022	2022	2022	2021	2021	2021	2021
			F	f			E
Fund balances at 31 December 2022 are
represented	by:
Tangible assets		609	6,400	844	7,853	774	6,400	2,424	9,598
Investments		100,317			100,317	96,618			96,618
Current assets/(liabilities)		10,242	73,929	22,488	106,659	26,107	72,541	22,487	121,135
		111,168	80,329	23,332	214,829	123,499	78,941	24,911	227,351

								2022f		2021
Donations and legacies
Donations and gifts -	unrestricted						19,548		11,930
Legacies - unrestricted									10,000
Coronavirus support donations				-	unrestricted				15,000
Grants - unrestricted							974		543
Conservation -designated							1,500		1,500
Grants - restricted									27,028
								22,022		66,001
Activities for generating			funds
Shop sales							10,151		970
								10,151		970
Investment income
Investment income							505		305
Deposit account interest							248		210
								753		515
Incoming resources	from		charitable			activities
Visitor entrance fees							36,050		25,882
Educational entrance	fees						100
Research fees							1,750		2,058
								37,900		27,940
Other incoming resources
Government grants									1,111
Photography									77
										1,188
Total incoming resources								70,826		96,614
Resources expended
Costs ofgenerating	funds
Costs ofgenerating	donations				and	legacies
Opening stock - shop							3,031		3,723
Shop purchases and donated				goods			2,149		241
Closing stock - shop							(1,103)		(3,031)
								(4,077)		(933)
Investment management			costs
Investment management		costs						(1,040)		(1,082)
Balance Carried Forward								65,709		94,599

						2022		2021
						E
Balance Brought Forward						65,709		94,599
Charitable Activities
Wages and salaries - unrestricted					53,621		41,299
Staff Pension Costs - unrestricted					3,061		2,353
Office equipment depreciation	-	unrestricted			320		459
Storage equipment depreciation		-unrestricted			65		65
Hire ofequipment - unrestricted					294		80
Fixtures and fittings depreciation		- unrestricted			55
Activity expenses - unrestricted					768
Conservation -designated					112		27
Wages and salaries - restricted							9,270
Office equipment depreciation	-	restricted			344		1,579
Storage equipment depreciation		- restricted			1,236		1,236
Conservation -restricted							878
Redevelopment project costs -	restricted						15,629
Hire ofequipment - restricted							166
						(59,876)		(73,041)
Other
Computer software and consumables				- unrestricted	1,230		618
Rent - unrestricted					850		637
Insurance - unrestricted					1,069		759
Repairs and cleaning - unrestricted					913		1,746
Travel expenses - unrestricted					69		35
Postage, stationery and telephone			-	unrestricted	769		546
Advertising - unrestricted							1,501
General administrative expenses		-	unrestricted		499		391
Bank charges - unrestricted					389		184
Accountancy - unrestricted					3,002		3,300
Computer software and consumables				- restricted			39
Rent - restricted							213
Insurance -restricted							256
Repairs and cleaning - restricted							324
Postage, stationery and telephone			-	restricted			251
Bank charges - restricted							42
Accountancy - restricted							165
						(8,790)		(11,007)
Surplus before movement on		investments				(2,957)		10,551
Net (losses)/gains on investments
Unrealised gains on investments					(9,436)		7,800
Realised gain on disposal of investments					(130)		135
						(9,566)		7,935
(Deficit)/Surplus for the Year						(12,523)		18,486