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2021-03-31-accounts

Page
Trustees' Report
Strategic Report 4
Achievements
and performance		 4
Financial review 7
Plans for future periods 8
Principal risks and uncertainties 9
Structure, governance
and management		 9
Reference and administrative
details		 11
Statement ofDirectors' Responsibilities 13
Auditors'
Report to the Trustees		 14
Consolidated
Statement ofFinancial Activities		 17
Company
Statement ofFinancial Activities		 18
Consolidated
Balance Sheet
Company Balance Sheet 20
Consolidated
Cashflow Statement		 21
Notes to the Financial Statements 22

for the yeat ended 31March 202 ended 31March 202 1
Reference and administrative details
Status Company
Limited by Guatantee
Charity Number 277503
Company Registration Number 1415654
President HRH The Prince ofWales KG KTGCB OM AK QSO PC ADC
Vice Presidents Lord-Lieutenant
ofthe County		 ofHampshire (ex-officio)
The Right Worshipful,
The		 Lord Mayor ofPortsmouth (ex officio)
Admiral Sir Kenneth Eaton KCBOBE
SirDavid Cooksey GBE
Lionel Allery
Professor SitBarry Cunliffe IGI CBEFSA FBA
Rear Admiral John Lippiett CB CBE
Trustee Directors Dr Robert Bewley
Helen Bonser-Wilton
(resigned		 March 2021)
Cluistopher
Brandon RIBAFRSA FSA
Professor Van Gore CBE
Rupert Grey
Vice Admiral Peter Hudson CBCBE
Adam Humphryes
Dominic Jones (appointed April 2021)
Professor Suzannah
Lipscomb		 (appointed December 2020)
Alan Lovell DL (Chairman)
DrJanet Owen
David Palmer CBE (Vice Chairman) (retired February 2021)
Nigel Purse (appointed
October 2020)
Tim Rusby
Dr David Starkey CBE(retired July 2020)
Sophia Weston
Members Lionel Allery
The Rt Hon Lord Iliffe DL
Paul Jackson
Dr Christopher
Moran
Coral Samuel CBE
Daniel Thorne

Chief Executive Chief Executive Helen Bonser-Wilton Helen Bonser-Wilton (resigned 31 March 2021) (resigned 31 March 2021)
Dominic Jones (appointed 1April 2021)
Sectetary Susan Wright ACMA
Registeted Ofgce 1/10 College Road
HM Naval Base
Portsmouth
Hampshire
PO1 3LX
Senior Statutory Auditot I(erry Lawrance FCA
Auditors Compass Accountants Limited
The Tanneries
East Stteet
Titchgteld
Hampshire
PO14 4AR
Bankers Lloyds Bank
3Town Quay
Southampton
Hampshire
SO142AQ
Insurance Brokets Noyce Insurance Solutions Ltd
Bassett House
36Leigh Road
Eastleigh
Hampshire
SO50 3DT
Solicitors Blake Morgan
New ICings Court
Tollgate
Chandlers
Ford
Eastleigh
Hampshire
SO533LG

Unrestricted Restricted 2021 Unrestricted Unrestricted Restricted 2020
funds funds Total funds funds Total
Notes 6 6 6 6 f
Income and endowments from:
Donations
and legacies		 2 1,426,919 290,782 1,717,701 358,741 128,030 486,771
Other income from charitable activities
Visitor admissions 3 377959 377,959 1,876,803 1,876,803
Other income from charitable activities 4 32,151 32,151
Other trading activities
Income ofthe trading
subsidiaries		 5 54,294 54,294 495,073 495,073
Investments 6 275 275 1,679 1,679
Other incoming resources 7 33,776 33,776 47,876 47,876
Total income and endowments 1,893,223 290,782 2,184,005 2,812,323 128,030 2,940,353
Expenditure
on:
Raising funds
Fundraising 73,925 73,925 99,664 99,664
Commercial
trading operations		 5 40,918 40,918 306,231 306,231
Charitable
activities		 8 1,784,180 1,351,654 3,135,834 2,886,826 1,096,551 3,983,377
Total expenditure 1,899,023 1,351,654 3,250,677 3,292,721 1,096,551 4,389,272
Net incoming/(outgoing) resources
before transfers (5,800) (1,060,872) (1,066,672) (480,398) (968,521) (1,448,919)
Transfer between
funds		 42,838 (42,838)
Net income/(expenditure) 37,038 (1,103,710) (1,066,672) (480,398) (968,521) (1,448,919)
Reconciliation
offunds:
Total funds brought
forward		 3,780,507 26,086,122 29,866,629 4,260,905 27,054,643 31,315,548
Total funds carried forward 3,817,545 24,982,412 28,799,957 3,780,507 26,086,122 29,866,629

Forthe year ended 31 Mar c h 2021
Unrestricted Restricted 2021 Unrestricted Restricted 2020
funds funds Total funds funds Total
Notes 6 8 f f
Income and endowments from:
Donations
and legacies		 2 1,426,919 290,782 1,717,701 358,741 128,030 486,771
Other income from charitable activities
Visitor admissions 3 377,959 377,959 1,876,803 1,876,803
Other income from charitable activities 4 32,151 32,151
Other trading activities
Income from trading
subsidiaries
investments		 5
6		 5,400
275		 5,400
275		 182,572
1,679		 182,572
1,679
Other incoming
resources		 7 41,576 41,576 55,676 55,676
Total income and endowments 1,852,129 290,782 2,142,911 2,507,622 128,030 2,635,652
Expenditure
on:
Raising funds
Fundraising
Charitable
activities		 8 73,925
1,784,180		 1,351,654 73,925
3,135,834		 99,664
2,886,826		 1,096,551 99,664
3,983,377
Total resources expended 1,858,105 1,351,654 3,209,759 2,986,490 1,096,551 4,083,041
Net incoming/(outgoing) resources
before transfers (5,976) (1,060,872) (1,066,848) (478,868) (968,521) (1,447,389)
Transfer between
funds		 42,838 (42,838)
Net income/(expenditure) 36,862 (1,103,710) (1,066,848) (478,868) (968,521) (1,447,389)
Reconciliation
offunds:
Total funds brought
forward		 3,774,643 26,086,122 29,860,765 4,253,511 27,054,643 31,308,154
Total funds carried forward 3,811,505 24,982,412 28,793,917 3,774,643 26,086,122 29,860,765

Company
numbe		 r: 1415654
2021 2020
Notes
Fixed assets
Tangible assets 16 28,211,651 29,245,786
Current assets
Stocks 17 48,812 54,221
Debtors 18 150,393 156,462
Cash at bank and in hand 26 1,181,605 705,902
1,380,810 916,585
Creditors: amounts falling
due within one year 19 (792,504) (295,498)
Net current ())abilities)/assets 588,306 621,087
Total assets less current
liabilities 28,799,957 29,866,873
Provisions for liabilities 21 (244)
Net assets 28,799,957 29,866,629
Funds
Restricted funds 23 24,982,412 26,086,122
Unrestricted
funds		 3,811,505 3,774,643
Charitable
subsidiary		 funds 6,040 5,864
Total unrestricted funds 3,817,545 3,780,507
Total funds 22 28,799,957 29,866,629

Company
n		 umb er: 1415654
2021 2020
Notes
Fixed assets
Tangible assets 16 28,211,651 29,244,494
Investments 3 3
28,211,654 29,244,497
Current assets
Debtors 18 211,803 379,659
Cash at bank and in hand 1,157,828 519,276
1,369,631 898,935
Creditors: amounts falling
due within one year 19 (787,368) (282,667)
Net current (liabilities)/assets 582,263 616,268
Total assets less current
liabilities 28,793,917 29,860,765
Funds
Restricted
funds		 23 24,982,412 26,086,122
Unrestricted funds 3,811,505 3,774,643
Total funds 28,793,917 29,860,765

2021 2020
Notes f
Cash flows from operating activities:
Net cash provided
by (used		 in) operating activities 527,553 (343,321)
Cash flows from investing activities:
Interest income 25 275 1,679
Purchase offixed assets 25 (52,125) (13,245)
Net cash provided
by (used		 in) investing activities (51,850) (11,566)
Increase/(Decrease)
in cash and cash equivalents		 in the year 475,703 (354,887)
Cash and cash equivalents at 1April 2020 705,902 1,060,789
Cash and cash equivalents at 31March 2021 1,181,605 705,902
Net income for the reporting period (1,066,672) (1,448,919)
Depreciation
and impairment		 1,082,923 1,093,573
Interest income (275) (1,679)
Lass on disposal offixed assets 3,337 22,398
Decrease in stocks 5,409 24,465
Decrease in debtors 6,069 109,242
Increase/(Decrease)in
creditors		 497,006 (141,884)
Increase/(Decrease)
in provisions
for liabilities		 (244) (516)
Net cash provided
by (used		 in) operating activities 527,553 (343,321)

The expected
 useful lives or agreed periods ofwrit
Buildings
New museum 71years
New museum roof 40years
New museum cladding 30years
Other building refurbishment 5 —10years
Computers 5 years
Plant and equipment
New museum plant and equipment 10 —25 years
Other plant and equipment 5-10years
Donated gifts 2-5 years
Exhibition
Exhibition
display		 30years
Exhibition fixtures and fittings 10years
Exhibition
ICT		 and AV 5-10years
Motor vehicles 5years
Conservation equipment 5-10years

Such
is their		 Such
is their		 significance,
all collections
have
Designated
status:
recognising
the
importance		 significance,
all collections
have
Designated
status:
recognising
the
importance		 significance,
all collections
have
Designated
status:
recognising
the
importance		 significance,
all collections
have
Designated
status:
recognising
the
importance		 of the whole whole
assemblage.
The ship
The Mary Rose herself is the only recovered
16th-century
warship
in existence and is ofinternational		 significance
in maritime archaeology
and beyond. Weighing
some 300tons and standing
as high as a four-story		 building, the
hull
is revolutionary		 in design and provides
vital evidence ofshipbuilding
techniques
for a period when ship-plans
do not survive.
The artefacts
This unparalleled collection,
in many cases unique,
consists ofthose items made by and/or
used by		 the crew in the
pursuance of their personal
life and their work, both
manual
and professional.
This also includes		 those items,
supplies
and fittings,		 necessary for the ship to fulfil its role as seafaring
vessel, warship,
workplace		 and home.
Bycategories, numbers held are:
Category Objects Count
Clothing Leather shoes, boots and jerkins, and knitted
and worsted
garments		 770
Coinage Gold and silver coins and copper tokens, a coin balance and weights
and tally		 sticks. 139
Domestic Plates, dishes,
bowls, flagons, tankards,
cooking pots, spoons,
peppermills		 and a 470
mortar.
Medical Lidded
canisters
containing
ointments,
jars
of medicines,
urethral
syringes,		 84
puncture
syringe, scalpels, trepan, clyster and feeding bottle.
Musical instruments Wind pipes and a fine shawm,
string and percussion.		 13
Navigation Dividers, gimballed
compasses,
chart sticks, sounding
weights
and log reel.		 26
Ordnance Heavy cast bronze
muzzle
loading
guns, breech
loading
wrought
iron guns		 with 9712
their carriages, smaller breech loading swivel guns. Ammunition
ofstone, iron,		 lead
and composite lead-covered
iron shot. Archery equipment
including
longbows		 and
arrows, arrow
spacers
and
wristguards.
Edged weapons.
Personal Combs,
razors,
a
'piss
pot' and
pomander;
recreational
games,
a fine		 inlaid 334
backgammon
board with counters and bone dice; handheld
sundials,
book covers,
quill pens and ink pots.
Rigging Deadeyes, thimbles,
blocks, parrels and sheaves, chains and cordage.		 393
Ships-fittings Anchors,
sailcloth,
rope, waterproofing
materials,
fastenings
of wood and		 iron, 6129
cauldrons,
bricks forming
the ships
ovens
and firewood,
lanterns
and candles,
pumping
gear, furniture
and the ship's bell.

2. Donations
and		 legacies legacies
Unrestricted Restricted 2021 Unrestricted Restricted 2020
funds funds Total funds funds Total
E 6 6 6
Grant income
Grants receivable 988,865 250,000 1,238,865 127,030 127,030
Mary Rose Permanent Endowment 80,000 80,000
Total grant income 988,865 250,000 1,238,865 80,000 127,030 207,030
Donations
Trusts and foundations 48,366 40,782 89,148 48,223 48,223
Individuals 341,366 341,366 108,754 1,000 109,754
Corporations (8,333) (8,333) 8,333 8,333
Donation boxes 882 882 4,999 4,999
Mary Rose Flag Officers 34,983 34,983 74,982 74,982
Gift aid recovered 8,719 8,719 16,148 16,148
Mary Rose Information Group 260 260 3,263 3,263
Mary Rose Friends and Patrons 10,046 10,046 14,039 14,039
Total donations 436,289 40,782 477,071 278,741 1,000 279,741
Legacies 1,765 1,765
Total donations and legacies 1,426,919 290,782 1,717,701 358,741 128,030 486,771

Visitor ad missions
Unrestricted 2021 Unrestricted 2020
funds Total funds Total
6 E
Visitor ticket income 321,002 321,002 1,621,976 1,621,976
Visitor ticket income gift aid 56,957 56,957 211,214 211,214
Education discovery t'icket income 43,613 43,613
377,959 377,959 1,876,803 1,876,803

Other in come from charitable
activi		 ties
Unrestricted 2021 Unrestricted 2020
funds Total funds Total
E f f
Functions and events 2,353 2,353
Education workshops 29,798 29,798
32,151 32,151

Summary oftrading results
2021 2020
f f
Turnover 50,534 477,087
Total expenditure (45,985) (305,956)
Includes
logo & admin charges E7,200(2020:		 E7,200) paid to the Trust,
eliminated on consolidation
Net profit for the year 4,549 171,131
Amount
gift-aided to the charity		 (4,615) (173,372)
Retained loss (66) (2,241)
The assets and liabilities of Mary Rose Trading Limited were:
Assets 66,987 231,069
Liabilities (66,796) (231,056)
Funds 191 13

Provision of maritime Provision of maritime archaeology archaeology and conservation services to external services to external organisations
Summary oftrading results
2021 2020
f 6
Turnover' 3,760 17,986
Total expenditure (2,977) (8,075)
Includes admin charges of6600(2020:6600) paid to the Trust,
eliminated on consolidation
Net profit for the year 783 9,911
Amount
gift-aided to		 the charity (785) (9,200)
Retained (loss)/profit (2) 711
The assets and liabilities ofThe Mary Rose Archaeological Services Limited were:
Assets 8,335 23,178
I iabilities (2,483) (17,324)
Funds 5,852 5,854

Unrestricted 2021 Unrestricted 2020
funds Total funds Total
6 6
Bank interest receivable 275 275 1,679 1,679
275 275 1,679 1,679

Unrestricted 2021 Unrestricted 2020
funds Total funds Total
f f
Sundry income 33,776 33,776 47,876 47,876
Group 33,776 33,776 47,876 47,876
Intercompany charge 7,800 7,800 7,800 7,800
Trust 41,576 41,576 55,676 55,676

Cost ofc haritable
activities		 by fund type
Unrestricted Restricted 2021 Unrestricted Restricted 2020
funds funds Total funds funds Total
E f 6
Visitor services 786,901 786,901 1,522,128 1,522,128
Education 92,351 92,351 99,211 99,211
Conservation
and maintenance		 453,346 285,000 738,346 1,059,786 1,059,786
Collections 103,714 103,714 113,976 113,976
Maritime archaeology 57,643 57,643 91,725 91,725
Exhibition 12,336 21,950 34,286
Museum building 1,039,022 1,039,022 1,052,084 1,052,084
PHD Operations 277,889 277,889
Restricted grant expenditure 5,682 5,682 44,467 44,467
1,784,180 1,351,654 3,135,834 2,886,826 1,096,551 3(983,377

Costs of char itable
activities
Activities Governance
undertaken and support 2021 2020
directly costs Total Total
E f
Visitor services 621,845 165,056 786,901 1,522,128
Education 73,343 19,008 92,351 99,211
Conservation and maintenance 584,344 154,003 738,347 1,059,786
Collections 85,424 18,290 103,714 113,976
Exhibition 27,092 7,193 34,285
Museum building 1,039,022 1,039,022 1,052,084
Maritime archaeology 45,552 12,091 57,643 91,725
PHD Operations 219,600 58,289 277,889
Restricted grant expenditure 5,682 5,682 44,467
2,701.,904 433,930 3,135,834 3,983,377
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11. Net outgoing resources for the year Net outgoing resources for the year Net outgoing resources for the year Net outgoing resources for the year Net outgoing resources for the year
2021 2020
6 6
Net outgoing resources is stated after charging:
Depreciation and other amounts written offtangible fixed assets 1,082,923 1,090,855
Loss on disposal of tangible fixed assets 2,043
Auditors'
remuneration		 6,800 6,800
12. Auditors'
remuneration
2021 2020
f 6
Auditors'
remuneration		 —audit of the financial statements 6,800 6,800
Auditors'
remuneration		 —other fees:
—Preparation offinancial statements 4,515 5,730
ltp315 12,530
13. Employees
Employment costs 2021 2020
f 6
Group
Wages and salaries 1,202,738 1,303,226
Social security costs 97,672 107,369
Pension costs 141,495 139,816
1,441,905 1,550,411
Trust
Wages and salaries 1,189,182 1,219,651
Social security costs 96,826 101,327
Pension costs 140,474 134,201
1,426,482 1,455,179
Key management personnel
Remuneration and benefits 303,213 298,223

The number ofemploy ees
who earned
more		 than f60,000 during the year was as fo llows:
2021 2020
Number Number
f80,001tof90,000
f100,001tof110,000
f110,001tof120,000
The average monthly numbers ofemployees during the year, was as follows: 2021 2020
Number Number
Fundraising 2 2
Charitable
activities		 46 51
Governance 1 1
49
~FIIII
E
I
I I
Fundraising 2 2
Charitable
activities		 36 39
Governance 1 1
39 42

from th e company
and was as follows:
2021 2020
Group f f
Pension charge 141,495 139,816
2021 2020
Trust f f
Pension charge 140,474 134,201

Group
Plant and Donated Motor Conservation
Buildings Computers equipment gifts Exhibition vehicles equipment Total
f f f f f f f
Cost or valuation
At 1April 2020 22,059,383 145,132 4,944,839 266,600 9,628,027 10,651 735,708 37,790,340
Additions 11,129 39,000 1,996 52,125
Disposals (104,754) (2,756) - — (107,510)
At31March 2021 22,059,383 156,261 4,840,085 266,600 9,664,271 10,651 737,704 37,734,955
Depreciation
At 1April 2020 2,325,118 79,672 2,373,214 266,600 2,883,529 8,632 607&789 8&544,554
Charge for the year 337,010, 23,564 297,472 410,625 1,730 12,522 1,082,923
On disposals (103,462) (711) (104,173)
At 31March 2021 2,662,128 103,236 2,567,224 266,600 3,293~3 10,362 620,311 9,523,304
Net book values
At 31March 2021 19,397,255 53,025 2,272,861 6,370,828 289 117,393 28,211,651
At31March 2020 19,734,266 65,465 2,571,618 6,744,498 2,019 127,920 29,245,786
Trust
Plant and Donated Motor Conservation
Buildings Computers equipment gifts Exhibition vehicles equipment Total
f f f f f f f f
Cost or
valuation
At 1April 2020 22,059,383 129,912 4,922,216 266,600 9,628,027 10,651 735,708 37,752,497
Additions 11,129 39,000 1,996 52,125
Disposals (102,012) (2,756) (104,768)
At 31March 2021 22,059,3S3 141,041 4,820,204 266,600 9,664,271 10,651 737,704 37,699,854
Depreciation
At 1April 2020 2,325,118 64,452 2,351,883 266,600 2,883,529 8,632 607,789 8,508,003
Charge for the year 337,010 23,564 297,472 410,625 1,730 12,522 1,082,923
On disposals (102,012) (711) (102,723)
At 31March 2021 2,662,128 88,016 2,547,343 266,600 3,293,443 10,362 620,311 9,488,203
Net book values
At 31March 2021 19,397,255 53,025 2,272,861 6,370,828 289 117,393 28,211,651
At 31March 2020 19,734,265 65,460 2,570,333 6,744,498 2,019 127,919 29,244,494

Stocks
Group Trust
2021 2020 2021 2020
f f f f
Goods for resale 48,812 54,221
48,812 54,221
Debtors
Group Trust
2021 2020 2021 2020
f f f f
Trade debtors 2,966 37,361 1,346 27,496
Amounts
owed		 by group undertakings 64,142 235,304
Other debtors 630 658 630 658
VAT recoverable 38,353 38,353
Prepayments and accrued income 3.02,608 91,886 101,496 89,644
Pledged income —Donations 5,836 26,557 5,836 26,557
150,393 156,462 211,803 379,659
Creditors: amounts falling due within one year
Group Trust
2021 2020 2021 2020
f f f f
Trade creditors 46,386 114,431 46,273 113,628
Other taxes and social security 24,071 34,190 24,071 34,190
Other creditors 566,720 566,720
Accruals and deferred income 155,327 146,877 150,304 134,849
792,504 295,498 787,368 282,667

Group Trust
Provision at 1April 2020 244
Deferred tax charge in statement offinancial activities (244)
Provision at 31March 2021

22. Analysis of net assets between Analysis of net assets between funds
Non charitable Unrestricted Restricted Total
trading funds funds funds funds
f f f f
Fund balances at 31March 2021 as represented
by:
Tangible fixed assets 3,249,114 24,962,537 28,211,651
Net current assets/(liabilities) 6,040 562,391 19,875 588,306
6,040 3,811,505 24,982,412 28,799,957
Non charitable Unrestricted Restricted Total
trading funds funds funds funds
f f f
Fund balances at 31March 2020 as represented by:
Tangible fixed assets 1,292 3,261,159 25,983,335 29,245,786
Net current assets/(liabilities) 4,819 513,481 102,787 621,087
Long-term liabilities (244) (244)
5,867 3,774,640 26,086&122 29,866,629

Gross cash flows
2021 2020
6 6
Returns on investments and servicing offinance
Interest received 275 1,679
Capital expenditure
Payments
to acquire tangible assets		 (52,125) (13,245)
Analysis ofchanges in net funds and net debt
Opening Cash Closing
balance flows balance
Cash at bank and in hand 705,902 475,703 1,181,605

Group Trust
2021 2020 2021 2020
f f f f
Financial assets
Debt instruments
measured		 at amortised cast:
—Trade debtors (note 18) 2,966 37,361 1,346 27,496
—Amounts owed by group undertakings (note
18) 64,142 235,304
- Other debtors (note 18) 630 658 630 658
—Pledged income- Donations (note 18) 5,836 26,557 5,836 26,557
9,432 64,576 71,954 290,015
Financial liabilities
Measured at amortised cost:
—Trade creditors (note 19) 46,386 114,431 46,273 113,628
—Other creditors (note 19) 566,720 566,720
613,106 114,431 612,993 113,628

2021 2020
Incoming resources from generating funds:
Donations
and legacies
Donations 54,148 48,223
Individuals 376,366 109,754
Corporations (8,333) 8,333
Donation
boxes		 882 4,999
Mary Rose Flag Officers 34,983 74,982
Gift aid recovered 8,719 16,148
Mary Rose Information Group 260 3,263
Mary Rose Friends and Patrons 10,046 14,039
Legacies 1,765
Grants receivable 1,238,865 127,030
Mary Rose Permanent Endowment 80,000
1,717,701 486,771
Visitor admissions
Visitor ticket income 321,002 1,621,976
Visitor ticket income gift aid 56,957 211,214
Education
discovery ticket income		 43,613
377,959 1,876,803
Investments
Bank interest receivable 275 1,679
275 1,679
Income from trading subsidiaries
MRTL 50,534 477,086
MRAS 3,760 17,987
54,294 495,073
Total incoming
resources		 from generating funds 2,150,229 2,860,326
Other income from charitable activities
Functions
and events		 32,151
32,151
Other incoming
resources
Sundry income 33,776 47,876
33,776 47,876
Total incoming
resources		 2,184,005 2,940,353

Resources expended
Commercial
trading		 operations:
Trading activities ofsubsidiaries (consolidated)
MRTL 38,542 298,757
MRAS 2,376 7,474
40,918 306,231
Total cost ofcommercial trading activities 40,918 306,231
Fundraising:
cost ofgoods sold and other costs
Fundralslng
Staff costs 71,391 93,985
Travelling 14 1,998
Consultancy 31
Management
& admin costs		 2,444 3,428
General costs 45 152
Events &functions 101
73,925 99,664
Total fundraising trading
cost ofgoods sold and other costs 73,925 99,664
Total cost ofgenerating funds 114,843 405,895

2021 2020
Charitable
activities
Visitor services
Activities undertaken directly
NMRN
SLA costs		 (636) 29,490
Digitickets 24
Staff costs 335,837 367,030
Nationalinsurance 16,768 17,438
Pensions 16,985 15,689
Volunteers
subsistence		 1,643 16,058
Travelling (156) 1,757
Volunteers
parties		 1,424
Consumables
&sundries		 594 3,644
Health
&safety		 4,925 35,859
Consultancy 8,043 12,664
Management
&admin		 costs 19,626 37,401
Rates 9,574
Insurance 28,654 30,622
Maintenance 33,614 71,207
Vehicle running
costs		 2,735
Waste disposal 677 1,132
Museum
enhancements		 134 1,441
Bank charges &interest 1,275 37,199
Events &functions 190
Marketing 125,359 566,362
Public relations 28,289 47,016
621,845 1,305,742
Support costs
Staff costs 102,442 118,720
Premises costs 10,577 17,244
Repairs &maintenance costs 3,944 3,625
Insurance 12,935 13,705
Travel expenses 19 1,990
Accountancy 1,717 2,334
Audit fees 2,587 2,770
Legal &professional fees 285 452
Other professional fees 10,158 9,121
Administration
expenses		 10,310 10,680
Depreciation
&impairment		 8,963 8,697
Loss on disposal 22,400
Bank charges &interest 1,195
Other costs 1,119 3,453
165,056 216,386
Visitor services total expenditure 786,901 1,522,128

Education
Activities
undertaken		 directly
Staff costs 71,582 76,445
Travelling 376
Consultancy 31
Management &admin costs 153
Depreciation 1,730 1,730
General costs 89
73,343
Support costs
Staff costs 11,797 12,496
Premises costs 1,218 1,815
Maintenance &plant hire 454 381
Insurance 1,490 1,443
Travelling 2 209
Accountancy 198 246
Audit fees 298 292
Legal &professional fees 33 48
Consultancy 1,170 960
Management & admin costs 1,187 1,124
Depreciation 1,032 915
Bank charges &interest 87 126
General costs 42 363
19,008
Education total expenditure 92,351

Conservation and and maintenance maintenance
Activities undertaken directly
Staff costs 334,998 332,286
Premises costs 29,716 42,762
Light &heat 76,204 246,119
Insurance 6,193 5,283
Vehicle running costs 2,540 2,388
Maintenance & plant hire 120,218 192,602
Travelling 1,436
Consultancy 8,971 1,748
Management & admin costs 860 2,839
Depreciation 2,092 5,020
Profit/loss
on		 disposals offixed assets 2,043
General costs 509 6,378
584,344 838,861
Support costs
Staff costs 95,583 135,207
Premises costs 9,868 19,639
Maintenance & plant hire 3,680 4,128
Insurance 12,068 15,609
Travelling 18 2,266
Accountancy 1,602 2,659
Audit fees 2,413 3,155
Legal &professional fees 266 515
Consultancy 9,478 10,388
Management & admin costs 9,620 12,163
Depreciation 8,363 9,904
Bank charges & interest 707 1,361
General costs 337 3,931
154,003 220,925
Conservation and maintenance total expenditure 738,347 1,059,786

Collections
Activities undertaken directly
Staff costs 52,082 60,449
Premises costs 14,805 17,971
Maintenance &plant hire 1,089
Insurance 840 843
Travelling 1,290
Consultancy 61 31
Management & admin costs 58
Depreciation 16,515 10,674
General costs 32 1,025
85,424
Support costs
Staff costs 11,352 13,242
Premises costs 1,172 1,923
Maintenance &plant hire 437 404
Insurance 1,433 1,529
Travelling 2 222
Accountancy 190 260
Audit fees 287 309
Legal & professional fees 32 50
Consultancy 1,126 1,017
Management &admin costs 1,142 1,191
Depreciation 993 970
aank charges &interest 84 133
General costs 40 385
18,290
Collections total expenditure 103,714

Activities undertaken Activities undertaken directly directly
Staff costs 44,849 66,724
Maintenance &plant hire 230
Travelling 735
Management 8 admin costs 688 981
General costs 11 3,844
45,552
Support costs
Staff costs 7,504 11,758
Premises costs 775 1,708
Maintenance 8 plant hire 289 359
Insurance 948 1,357
Travelling 1 197
Accountancy 126 231
Audit fees 189 274
Legal & professional fees 21 45
Consultancy 744 903
Management & admin costs 755 1,058
Depreciation 657 861
Bank charges &interest 56 118
General costs 26 342
12,091
Maritime
archaeology		 total expenditure 57,643

Exhibition Exhibition
Activities
undertaken		 directly
Grant expenditure 21,950
Office expenses 1,475
Museum
enhancements		 3,667
27,092
Support costs
Staff costs 4,463
Premises costs 461
Maintenance 172
Insurance 564
Travelling 1
AccountancY 75
Audit fees 113
Legal 8 professional fees 12
Consultancy 443
Administration costs 449
Depreciation 391
Bank charges & interest 33
General costs 16
7,193
Exhibition total expenditure 34,285
Museum
building
Activities
undertaken		 directly
Depreciation 1,039,022 1,052,084
1,039,022 1,052,084
Museum
building total expenditure		 1,039,022 1,052,084

PHD Operations PHD Operations
Activities undertaken directly
NMRN SLA 47,057
Staff costs 91,046
Rent 2,308
Electricity 87
Health &safety 361
Legal fees 16,263
Marketing 62,478
219,600
Support costs
Staff costs 36,177
Premises costs 3,735
Maintenance 1,393
Insurance 4,568
Travelling 7
Accountancy 606
Audit fees 913
I egal 8 professional 101
Consultancy 3,587
Management & admin costs 3,641
General costs 128
Depreciation 3,165
Bank charges 8 interest 268
58,289
PHD Operations total expenditure 277,889
Restricted grant expenditure
Activities
undertaken		 directly
General costs 5,682 44,467
5,682 44,467
Restricted grant expenditure total expenditure 5,682 44,467
Total charitable activity expenditure 3,135,834 3,983,377
Total resources expended 3,250,677 4,389,272
Net incoming/(outgoing) resources for the year (1,066,672) (1.,448,919)