## |||Page| |---|---|---| |Trustees'
Report||| |Strategic Report||4| |Achievements
and performance||4| |Financial
review||9| |Plans for future periods||10| |Principal
risks and uncertainties||11| |Structure, governance
and management||12| |Reference and administrative
details||13| |Statement of Directors' Responsibilities||15| |Auditors'
Report to the Trustees||16| |Consolidated
Statement of Financial|Activities|19| |Company Statement of FinancialActivities||20| |Consolidated
Balance Sheet||21| |Company
Balance Sheet||22| |Consolidated
Cashflow Statement||23| |Notes to the Financial Statements||24| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Status|||Company
Limited
by Guarantee|Company
Limited
by Guarantee|Company
Limited
by Guarantee||| |---|---|---|---|---|---|---|---| |Charity Number|||277503||||| |Company|Registration|Number|1415654||||| |President|||HRH The Prince ofWales|KG KT GCB OM AK||QSO CC|PC ADC| |Vice Presidents|||Lord-Lieutenant
ofthe County of Hampshire|||(ex-officio)|| ||||The Right Worshipful,
The||Lord Mayor of Portsmouth||(ex officio)| ||||Admiral
Sir Kenneth
Eaton||KCB OBE||| ||||Sir David Cooksey GBE||||| ||||Lionel Allery||||| ||||Professor Sir Barry Cunliffe||KB CBE FSA FBA||| ||||Rear Admiral John Lippiett||CBCBE||| ||||Alan Lovell DL (from July 2021)||||| |Trustee Directors|||Dr Robert Bewley||||| ||||Christopher
Brandon
RIBA||FRSA FSA||| ||||Professor Van Gore CBE||||| ||||Rupert Grey||||| ||||Vice Admiral
Peter Hudson||CBCBE||| ||||Adam Humphryes||||| ||||Dominic Jones (appointed||April 2021)||| ||||Professor Suzannah
Lipscomb||||| ||||Alan Lovell DL (Chair, retired July 2021)||||| ||||Dr Janet Owen||||| ||||Nigel Purse (Chair from July 2021)||||| ||||Tim Rusby||||| ||||Sophia Weston||||| |Members|||The Rt Hon Lord lliffe DL||||| ||||Paul Jackson||||| ||||Dr Christopher
Moran||||| ||||Coral Samuel CBE||||| ||||Daniel Thorne||||| ## ## |Chief Executive|Chief Executive|Dominic Jones (appointed|Dominic Jones (appointed|Dominic Jones (appointed|1April 2021)| |---|---|---|---|---|---| |Secretary||Susan Wright
ACMA|||| |Registered|Office|1/10 College Road|||| |||HM Nava
I Base|||| |||Portsmouth|||| |||Hampshire|||| |||PO1 3LX|||| |Senior Statutory Auditor||Kerry Lawrance|FCA||| |Auditors||Compass Accountants||Limited|| |||The Tanneries|||| |||East Street|||| |||Titchfield|||| |||Hampshire|||| |||PO14 4AR|||| |Bankers||Lloyds Bank|||| |||3Town Quay|||| |||Southampton|||| |||Hampshire|||| |||50142AQ|||| |Insurance|Brokers|Noyce Insurance|Solutions||Ltd| |||Bassett House|||| |||36 Leigh Road|||| |||Eastleigh|||| |||Hampshire|||| |||5050 3DT|||| |Solicitors||Blake Morgan|||| |||New Kings Court|||| |||Tollgate|||| |||Chandlers
Ford|||| |||Eastleigh|||| |||Hampshire|||| |||5053 3LG|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|2022|Unrestricted|Restricted|2021| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds|Total|funds|funds|Total| ||||Notes|E|E|E||E|E| |Income and endowments|from:||||||||| |Donations
and legacies|||2|1,313,707|168,988|1,482,695|1,426,919|290,782|1,717,701| |Other income from charitable||activities|||||||| |Visitor admissions|||3|1,778,704||1,778,704|377,959||377,959| |Other income from charitable||activities|4|10,407||10,407|||| |Other trading activities|||||||||| |Income ofthe trading
subsidiaries|||5|301,805||301,805|54,294||54,294| |Investments|||6|66||66|275||275| |Other incoming resources|||7|14,383||14,383|33,776||33,776| |Total income and endowments||||3,419,072|168,988|3,588,060|1,893,223|290,782|2,184,005| |Expenditure
on:|||||||||| |Raising funds|||||||||| |Fundraising||||124,615||124,615|73,925||73,925| |Commercial
trading operations|||5|180,914||180,914|40,918||40,918| |Charitable
activities|||8|2,648,597|1,151,445|3,800,042|1,784,180|1,351,654|3,135,834| |Total expenditure||||2,954,126|1,151,445|4,105,571|1,899,023|1,351,654|3,250,677| |Net incoming/(outgoing)|resources||||||||| |before transfers||||464,946|(982,457)|(517,511)|(5,800)|(1,060,872)|(1,066,672)| |Transfer between
funds||||285|(285)||42,838|(42,838)|| |Net income/(expenditure)||||465,231|(982,742)|(517,511)|37,038|(1,103,710)|(1,066,672)| |Reconciliation offunds:|||||||||| |Total funds brought
forward||||3,817,S45|24,982,412|28,799,957|3,780,507|26,086,122|29,S66,629| |Total funds carried forward||||4,282,776|23,999,670|28,282,446|3,S17,54S|24,9S2,412|28,799,957| ## ## ||||Unrestricted|Unrestricted|Restricted|2022|Unrestricted|Restricted|2021| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds|Total|funds|funds|Total| ||||Notes|6|6|6|||6| |Income and endowments|from:||||||||| |Donations
and legacies|||2|1,313,707|168,988|1,482,695|1,426,919|290,782|1,717,701| |Other income from charitable||activities|||||||| |Visitor admissions|||3|1,778,704||1,778,704|377,959||377,959| |Other income from charitable||activities|4|10,407||10,407|||| |Other trading
activities|||||||||| |Income from trading
subsidiaries|||5|113,091||113,091|5,400||5,400| |Investments|||6|66||66|275||275| |Other incoming
resources|||7|22,183||22,183|41,576||41,576| |Total income and endowments||||3,238,158|168,988|3,407,146|1,852,129|290,782|2,142,911| |Expenditure
on:|||||||||| |Raising funds|||||||||| |Fundraising||||124,615||124,615|73,925||73,925| |Charitable
activities|||8|2,648,597|1,151,445|3,800,042|1,784,180|1,351,654|3,135,834| |Total resources expended||||2,773,212|1,151,445|3,924,657|1,858,105|1,351,654|3,209,759| |Net incoming/(outgoing)|resources||||||||| |before transfers||||464,946|(982,457)|(517,511)|(5,976)|(1,060,872)|(1,066,848)| |Transfer between
funds||||285|(285)||42,838|(42,838)|| |Net income/(expenditure)||||465,231|(982,742)|(517,511)|36,862|(1,103,710)|(1,066,848)| |Reconciliation
offunds:|||||||||| |Total funds brought
forward||||3,811,505|24,982,412|28,793,917|3,774,643|26,086,122|29,860,765| |Total funds carried forward||||4,276,736|23,999,670|28,276,406|3,811,505|24,982,412|28,793,917| ## ## |||||||2022||2021| |---|---|---|---|---|---|---|---|---| ||||||Notes|||| |Fixed assets||||||||| |Tangible assets|||||16|27,186,193||28,211,651| |Current assets||||||||| |Stocks|||||17|28,580|48,812|| |Debtors|||||18|301,913|150,393|| |Cash at bank and||in|hand||28|1,348,360|1,181,605|| |||||||1,678,853|1,380,810|| |Creditors:|amounts||falling|||||| |due within|one year||||19|(582,600)|(792,504)|| |Net current (liabi))ties)/assets||||||1,096,253||588,306| |Total assets less||current||||||| |liabilities||||||28,282,446||28,799,957| |Net assets||||||28,282,446||28,799,957| |Funds||||||||| |Restricted funds|||||23|23,999,670||24,982,412| |Unrestricted|funds|||||4,076,736||3,811,505| |Designated|funds||||22|200,000||| |Charitable
subsidiary|||funds|||6,040||6,040| |Total unrestricted||funds||||4,282,776||3,817,545| |Total funds|||||21|28,282,446||28,799,957| |The financial|statements|||were approved|and authorised|for issue by the board on 29'" July|2022, and signed|on its behalf| |by||||||||| |Nigel Purse||||||A am Humphryes||| |Chair||||||Trustee||| ## ## |Company
numb|er:|1415654|||||| |---|---|---|---|---|---|---|---| ||||||2022||2021| ||||Notes||||| |Fixed assets|||||||| |Tangible assets|||16||27,186,193||28,211,651| |Investments|||||3||3| ||||||27,186,196||28,211,654| |Current assets|||||||| |Debtors|||18|412,801||211,803|| |Cash at bank and|in hand|||1,227,607||1,157,828|| |||||1,640,408||1,369,631|| |Creditors: amounts||falling|||||| |due within one year|||19|(550,198)||(787,368)|| |Net current (liabilities)/assets|||||1,090,210||582,263| |Total assets less|current||||||| |liabilities|||||28,276,406||28,793,917| |Net assets|||||28,276,406||28,793,917| |Funcls|||||||| |Restricted funds|||23||23,999,670||24,982,412| |Unrestricted
funds|||||4,076,736||3,811,505| |Designated
funds|||22||200,000||| |Total unrestricted|funds||||4,276,736||3,811,505| |Total funds|||||28,276,406||2S,793,917| ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| |||||||Notes|6|6| |Cash flows from operating|activities:|||||||| |Net cash provided
by (used|in) operating|||activities|||221,382|527,553| |Cash flows from investing activities:||||||||| |Interest income||||||27|66|275| |Purchase offixed assets||||||27|(54,693)|(52,125)| |Net cash (used in)/provided||by investing||activities|||(54,627)|(51,850)| |Increase/(Decrease)
in cash and cash equivalents|||||in the year||166,755|475,703| |Cash and cash equivalents|at|1April 2021|||||1,181,605|705,902| |Cash and cash equivalents|at|31March|2022|||28|1,348,360|1,181,605| |Net (expenditure)/income
for|the reporting||period||||(517,511)|(1,066,672)| |Depreciation
and impairment|||||||1,078,513|1,082,923| |Interest income|||||||(66)|(275)| |I.oss on disposal offixed assets|||||||1,638|3,337| |Decrease in stocks|||||||20,232|5,409| |(Increase)/Decrease
in debtors|||||||(151,520)|6,069| |(Decrease)/Increase
in creditors|||||||(209,904)|497,006| |Increase/(Decrease)
in provisions||for liabilities||||||(244)| |Net cash provided
by (used|in) operating|||activities|||221,382|527,553| ## ## ## ## ## ## ## ## ## ## ## |The expected|useful
lives|or agreed period|s ofwrite offare:|| |---|---|---|---|---| |Buildings||New museum||Tl years| |||New museum|roof|40years| |||New museum|cladding|30years| |||Other building|refurbishment|5 - 10years| |Computers||||5 years| |Plant and equipment||New museum|plant and equipment|10-25years| |||Other plant and equipment||5 -10 years| |||Donated
gifts||2-Syears| |Exhibition||Exhibition
display||30years| |||Exhibition
fixtures and fittings||10years| |||Exhibition
ICT|and AV|5 —10years| |Motor vehicles||||5years| |Conservation|equipment|||5 —10years| ## ## ## ## |By categories,
numbe|rs
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, fjagons, 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|5712| ||their carriages, smaller breech loading swivel guns. Ammunition
ofstone, iron, lead||||| ||and composite lead-coverediron
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.||||| ||26||||| ## ## ## ## ## ## ## |Donations
and legaci|es||||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|2022|Unrestricted|Restricted|2021| |||funds|funds|Total|funds|funds|Total| |||f|f|f|f|f|f| |Grant income|||||||| |Grants receivable||1,221,262|112,238|1,333,500|988,865|250,000|1,238,865| |Total grant income||1,221,262|112,238|1,333,500|988,865|250,000|1,238,865| |Donations|||||||| |Trusts and foundations||26,750|44,250|71,000|48,366|40,782|89,148| |Individuals||18,120|10,000|28,120|341,366||341,366| |Corporations||737||737|(8,333)||(8,333)| |Donation
boxes||4,336||4,336|882||882| |Mary Rose Flag Officers||23,900||23,900|34,983||34,983| |Gift aid recovered||6,446|2,500|8,946|8,719||8,719| |Mary Rose Information|Group|1,242||1,242|260||260| |Mary Rose Friends and|Patrons|10,914||10,914|10,046||10,046| |Total donations||92,445|56 750|149195|436,289|40,782|477,071| |Legacies|||||1,765||1,765| |Total donations
and legacies||1,313,707|168,988|1,482,695|1,426,919|290,782|1,717,701| |Visitor admissions|||||||| |||||Unrestricted|2022|Unrestricted|2021| |||||funds|Total|funds|Total| |||||f|f||f| |Visitor ticket income||||1,524,151|1,524,151|321,002|321,002| |Visitor ticket income gift|aid|||254,553|254,553|56,957|56,957| |||||1,778,704|1,778,704|377,959|377,959| |Other income from charitable||activities|||||| |||||Unrestricted|2022|Unrestricted|2021| |||||funds|Total|funds|Total| |||||f|f|f|f| |Education
workshops||||10,407|10,407||| ## ## ## ## ## ||Summary|oftrading||results||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||E|E| ||Turnover|||||||||276,262|50,534| ||Total expenditure|||||||||(175,593)|(45,985)| ||Includes
logo & admin|||charges E7,200(2021:E7,200) paid to the Trust,|||||||| ||eliminated|on consolidation|||||||||| ||Net profit|for the year||||||||100,669|4,549| ||Amount
gift-aided to the charity|||||||||(100,669)|(4,615)| ||Retained|loss|||||||||(66)| ||The assets|and liabilities of Mary|||Rose Trading|Limited were:|||||| ||Assets|||||||||157,280|66,987| ||Liabilities|||||||||(157,089)|(66,796)| ||Funds|||||||||191|191| ||The Mary Rose Archaeological||||Services Limited||||||| ||Provision ofmaritime||archaeology||and conservation||services to external||organisations.||| ||Summary|oftrading||results||||||2022|2021| |||||||||||E|E| ||Turnover|||||||||25,543|3,760| ||Total expenditure|||||||||(13,121)|(2,977)| ||Includes
admin charges|||of6600(2021:E600)||paid to|the Trust,||||| ||eliminated|on consolidation|||||||||| ||Net profit|for the year||||||||12,422|783| ||Amount
gift-aided to the charity|||||||||(12,422)|(785)| ||Retained (loss)/profit||||||||||(2)| ||The assets|and liabilities||ofThe Mary Rose Archaeological||||Services Limited were:|||| ||Assets|||||||||30,735|8,335| ||Liabilities|||||||||(24,883)|(2,483)| ||Funds|||||||||5,852|5,852| |6.|Investments||||||||||| |||||||||Unrestricted|2022|Unrestricted|2021| |||||||||funds|Total|funds|Total| ||||||||||E|E|E| ||Bank interest receivable|||||||66|66|275|275| ## ## |||Unrestricted|2022|Unrestricted|2021| |---|---|---|---|---|---| |||funds|Total|funds|Total| |||E|E||E| |Sundry income||14,383|14,383|33,776|33,776| |Group||14,383|14,383|33,776|33,776| |Intercompany|charge|7,800|7,800|7,800|7,800| |Trust||22,183|22,183|41,576|41,576| ## ## |Cost ofcharitable
activities|by fund type|||||| |---|---|---|---|---|---|---| ||Unrestricted|Restricted|2022|Unrestricted|Restricted|2021| ||funds|funds|Total|funds|funds|Total| ||||E|||f.| |Visitor services|735,681|6,170|741,851|786,901||786,901| |Education|53,038|9,897|62,935|92,351||92,351| |Conservation
and maintenance|934,455|20,601|955,056|453,346|285IOOO|738,346| |Collections|48,675|36,660|85,335|103,714||103,714| |Exhibition|259,759|32,750|292,509|12,336|21,950|34,286| |Maritime
archaeology|88,S24||88,524|57,643||57,643| |Museum
building||1,032,399|1,032,399||1,039,022|1,039,022| |PHD Operations|528,465||528,465|277,889||277,889| |Grant expenditure||12,968|12,968||5,682|5,682| ||2,648,597|1,151,445|3,800,042|1,784,180|1,351,654|3,13S,834| ## |Costs of|cha|ritable
activities||||| |---|---|---|---|---|---|---| ||||Activities|Governance||| ||||undertaken|and support|2022|2021| ||||directly|costs|Total|Total| ||||f||f|E| |Visitor services|||620,981|120,870|741,851|786,901| |Education|||52,728|10,207|62,935|92,351| |Conservation||and maintenance|802,038|153,018|955,056|738,346| |Collections|||71,823|13,512|85,335|103,714| |Exhibition|||244,850|47,659|292,509|34,286| |Maritime|archaeology||74,101|14,423|S8,524|57,643| |Museum|building||1,032,399||1,032,399|1,039,022| |PHD Operations|||442,362|86,103|528,46S|277,889| |Grant expenditure|||12,968||12,968|5,682| ||||3,354,250|445,792|3,800,042|3,135,S34| |||||||tu0
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«||||||||||||||||||||| ## ## ## ## |Net outgoing|res|ourc|es for th|e year|||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||||||||E| |Net outgoing|resources||is stated|after charging:|||| |Depreciation|and other||amounts|written|offtangible fixed assets|1,078,513|1,082,923| |Loss on disposal of||tangible fixed||assets||1,638|2,043| |Auditors'
remuneration||||||6,800|6,800| |Auditors'
remuneration|||||||| |||||||2022|2021| |||||||6|6| |Auditors'
remuneration|||—audit of|the financial statements||6,800|6,800| |Auditors'
remuneration|||—other fees:||||| |—Preparation|offinancial||statements|||4,575|4,515| |-Other services||||||1,100|| |||||||12,475|11,315| |Employees|||||||| |Employment|costs|||||2022|2021| |||||||6|6| |Group|||||||| |Wages and salaries||||||1,274,274|1,202,738| |Social security|costs|||||105,378|97,672| |Pension costs||||||135,562|141,495| |||||||1,515,214|1,441,905| |Trust|||||||| |Wages and salaries||||||1,222,346|1,189,182| |Social security|costs|||||101,731|96,826| |Pension costs||||||131,995|140,474| |||||||1,456,072|1,426,482| |Key management||personnel||||2022|2021| |||||||f|6| |Remuneration|and benefits|||||317,059|303,213| ## ## ## |The numbe|r ofemploy|ees
who|earned
more|than f60,000 during the year was as fo|llows:|| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||Number|Number| |f70,001to|f80,000|||||| |f80,001to|f90,000|||||| |f90,001to|f100,000|||||| |f100,001tof110,000||||||| |f110,001tof120,000||||||| |The average monthly||numbers|ofemployees|during the year, was as follows:|2022|2021| ||||||Number|Number| |Fundraising|||||2|2| |Charitable|activities||||43|46| |Governance|||||1|1| ||||||46|49| |E~ll El
E||||||| |Fundraising|||||2|2| |Charitable|activities||||35|36| |Governance|||||1|1| ||||||38|39| ## ## |from th|e company
and was as follows:||| |---|---|---|---| |||2022|2021| |Group||f|f| |Pension|charge|135562|141495| |||2022|2021| |Trust||f|f| |Pension|charge|131,995|140,474| ## ## ## ## |Group||||||||| |---|---|---|---|---|---|---|---|---| ||||Plant and|Donated||Motor|Conservation|| ||Buildings|Computers|equipment|gifts|Exhibition|vehicles|equipment|Total| ||f|E|f|f|E|f||f| |Cost or valuation||||||||| |At 1April 2021|22,059,383|156,261|4,840,085|266,600|9,664,271|10,651|737,704|37,734,955| |Additions||48,680|2,481||3,532|||54,693| |Disposals||(6,073)|(5,851)||(675)|||(12,599)| |At 31March 2022|22,059,383|198,868|4,836,715|266,600|9,667,128|10,651|737,704|37,777,049| |Depreciation||||||||| |At 1April 2021|2,662,128|103,236|2,567,224|266,600|3,293,443|10,362|620,311|9,523,304| |Charge for the year|337,009|29,171|294,837||406,876|289|10,331|1,078,513| |On disposals||(5,920)|(4,366)||(675)|-|-|(10.961)| |At 31March 2022|2,999,137|126,487|2,857,695|266,600|3,699,644|10,651|630,642|10,590,856| |Net book values||||||||| |At 31March 2022|19,060,246|72,381|1,979,020||5,967,484||107,062|27,186,193| |At 31March 2021|19,397,255|53,025|2,272,861||6,370,828|289|117,393|28,211,651| |Trust||||||||| |---|---|---|---|---|---|---|---|---| ||||Plant and|Donated||Motor|Conservation|| ||Buildings|Computers|equipment|gifts|Exhibition|vehicles|equipment|Total| ||E|f|f|f|f|f|E|f| |Cost or valuation||||||||| |At 1April 2021|22,059,383|141,041|4,820,204|266,600|9,664,271|10,651|737,704|37,699,854| |Additions||48,680|2,481||3,532|||54,693| |Disposals||(6,073)|(5,851)||(675)|||(12,599)| |At 31March 2022|22,059,383|183,648|4,816,834|266,600|9,667,128|10,651|737,704|37,741,948| |Depreciation||||||||| |At 1April 2021|2,662,128|88,016|2,547,343|266,600|3,293,443|10,362|620,311|9,488,203| |Charge for the year|337,009|29,171|294,837||406,876|289|10,331|1,078,513| |On disposals||(5,920)|(4,366)||(675)|||(10,961)| |At 31March 2022|2,999,137|111,267|2,837,814|266,600|3,699,644|10,651|630,642|10,555,755| |Net book values||||||||| |At 31March 2022|19,060,246|72,381|1,979,020||5,967,484||107,062|27,186,193| |At 31lyiarch 2021|19,397,255|53,025|2,272,861||6,370,828|289|117,393|28,211,651| ## ## |17.|Stocks||||||| |---|---|---|---|---|---|---|---| |||||Group||Trust|| |||||2022|2021|2022|2021| |||||f|f|f|f| ||Goods for resale|||28,580|48,812||| |18.|Debtors||||||| |||||Group||Trust|| |||||2022|2021|2022|2021| |||||f|f|f|f| ||Trade debtors|||47,047|2,966|24,039|1,346| ||Amounts
owed by group undertakings|||||149,334|64,142| ||Other debtors|||15,126|630|15,126|630| ||VAT recoverable|||52,123|38,353|52,123|38,353| ||Prepayments
and accrued income|||187,617|102,608|172,179|101,496| ||Pledged income|- Donations|||5,836||5,836| |||||301,913|150,393|412,801|211,803| |19.|Creditors: amounts||falling due within one year||||| |||||Group||Trust|| |||||2022|2021|2022|2021| |||||f|f|f|f| ||Trade creditors|||402,142|46,386|386,849|46,273| ||Other taxes and|social|security|29,348|24,071|29,348|24,071| ||Other creditors||||566,720||566,720| ||Accruals and deferred||income|151,110|155,327|134,001|150,304| |||||582,600|792,504|550,198|787,368| ## ## |Analysis of net assets betwe|en funds||||| |---|---|---|---|---|---| ||Non charitable|Unrestricted|Designated|Restricted|Total| ||trading funds|funds|funds|funds|funds| ||f||||f| |Fund balances at 31March 2022 as represented
by:|||||| |Tangible fixed assets||3,256,055||23,930,138|27,186,193| |Net current assets/(liabilities)|6,040|820,681|200,000|69,532|1,096,253| ||6,040|4,076,736|200,000|23,999,670|28,282,446| ## ## ## ## |||||||||Non charitable|Unrestricted|Restricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||trading funds|funds|funds||funds|| |||||||||E|||6||6| |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||S88,306|| |||||||||6,040|3,811,505|24,982,412||28,799,957|| |Designated
funds|||||||||||||| |||||||At||Incommg|Outgoing||||At| |||||1|April|2021||resources|resources|Transfers|31March||2022| ||||||||f|5|f|8|||f| |Asset replacement|fund|||||||||200,000||200,000|| |||||||||||200,000||200,000|| |Trustees approved
for f200,000to be designated
support
capital asset replacements
required
for||||||from free reserves
the Museum.|||to an asset replacement||fund,|this is to|| |Restricted funds|||||||||||||| |||||||At||Incoming|Outgoing||||At| |||||1|April|2021||resources|resources|Transfers|31March 2022||| ||||||||6||6|6|||E| |New Museum||||24,962,537|||||(1,032,399)|||23,930,138|| |Boshier-Hinton
Mobility||fund||||524|||(524)||||| |Foyle Foundation|||||19,050||||(20,000)|950|||| |Pilgrims Trust grant||||||100|||(100)||||| |Anonymous
donation||||||201|||(201)||||| |Adrian Swire Charitable||Trust||||||20,000|(20,000)||||| |Rathbone
Scorpion|Trust|||||||5,000|(5,030)|30|||| |29th May 1961Charitable|||Trust|||||10,000|(10,000)||||| |The Band Trust||||||||36,000|(9,897)|(1,271)||24,832|| |Royal Pavilion
& Museums|||Trust|||||1,094|(1,100)|6|||| |Medlock Charitable|Trust|||||||5,000|(5,000)||||| |Jonathan
Ruffer Curatorial|||Grants|||||1,000|(1,000)||||| |Britford Bridge Trust||||||||20,000|(20,000)||||| |UNPATH||||||||6,660|(6,660)||||| |Rathbone
Scorpion|Trust|||||||44,000||||44,000|| |Armourers
& Brasiers Trust||||||||700|||||700| |1982Project donations||||||||12,500|(12,500)||||| |Rowan Bentall Trust||||||||250|(250)||||| |Kickstart||||||||6,784|(6,784)||||| |||||24,982,412||||168,988|(1,151,445)|(285)||23,999,670|| ## ## ## ## ## |Restricted fu|nds|(continued)|||||| |---|---|---|---|---|---|---|---| ||||At|Incoming|Outgoing||At| ||||1April 2020|resources|resources|Transfers|31March 2021| ||||E||E||| |New Museum|||26,001,559||(1,039,022)||24,962,537| |Boshier-Hinton|Mobility fund||524||||524| |Foyle Foundation|||80,000||(21,950)|(39,000)|19,050| |Pilgrims Trust|grant|||3,782|(3,682)||100| |Royal Pavilion|Museum|||2,000|(2,000)||| |Historic England||||25,000|(25,000)||| |CJRSgrant|||3,838|||(3,838)|| |Hartnett
Foundation||||10,000|(10,000)||| |National
Heritage||lottery fund||250,000|(250,000)||| |Anonymous
donation|||201||||201| ||||26,086,122|290,782|(1,351,654)|(42,838)|24,982,412| ## ## ## ## |The charity had outstanding
commitments
for future
mini
leases as follows:|mum
lease payments
under non-cancellable|operating| |---|---|---| ||2022|2021| ||f|f| |Within one year|28,500|8,986| |Between one and five years|95,000|| ||123,500|8,986| ## |Subsidiary|companies||||||| |---|---|---|---|---|---|---|---| ||||Company|Percentage|||| |Company|name||number|shareholding||Description|| |Mary Rose|Trading
Limited||01447628|100%|Mary Rose shop, hospitality||and cafe.| |Mary Rose|Archaeological|Services Limited|03131273|100%|Maritime
services.|archaeology
and|conservation| ## |A summary
ofthe results for the y|ear are as follows:|||||| |---|---|---|---|---|---|---| |||2022|||2021|| ||Company|share|Total|Company|share|Total| |||f|f|||f| |Deficit contribution||70,664|141,328||3,357|6,715| |Expenditure|(70,664)||(141,328)||(3,357)|(6,715)| |Net income||||||| |Balance Sheet||||||| |Current assets||74,735|149,469||2,259|4,517| |Current
liabilities|(74,734)||(149,467)||(2,258)|(4,515)| |Net assets|||||1|2| ## ## ## ## |Gross cash flows|||||| |---|---|---|---|---|---| |||||2022|2021| |||||f|E| |Returns on investments||and servicing offinance|||| |Interest received||||66|275| |Capital expenditure|||||| |Payments
to acquire tangible assets||||(54,693)|(52,125l| |Analysis ofchanges|in|net funds and net debt|||| ||||Opening|Cash|Closing| ||||balance|flows|balance| |Cash at bank and
in hand|||1,181,605|166,755|1,348,360| ## ## ## ||||||Group||Trust|| |---|---|---|---|---|---|---|---|---| ||||||2022|2021|2022|2021| ||||||6|6|8|6| |Financial|assets|||||||| |Debt instruments
measured|||at amortised|cost:||||| |—Trade debtors (note||18)|||47,047|2,966|24,039|1,346| |-Amounts|owed by group undertakings|||(note 18)||||64,142| |-Other debtors (note||18)|||15,126|630|15,126|630| |—Pledged|income -Donations||(note 18)|||5,836||5,836| ||||||62,173|9,432|39,165|71,954| |Financial|liabilities|||||||| |Measured|at amortised|cost:||||||| |—Trade creditors (note||19)|||402,142|46,386|386,849|46,273| |- Other creditors (note||19)||||566,720||566,720| ||||||402,142|613,106|386,849|612,993| ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |Incoming
resources from||generating||funds:|||| |Donations
and legacies|||||||| |Trusts and foundations||||||71,000|54,148| |Individuals||||||28,120|376,366| |Corporations||||||737|(8,333)| |Donation
boxes||||||4,336|882| |Mary Rose Flag Officers||||||23,900|34,983| |Gift aid recovered||||||8,946|8,719| |Mary Rose Information||Group||||1,242|260| |Mary Rose Friends and||Patrons||||10,914|10,046| |Legacies|||||||1,765| |Grants receivable||||||1,333,500|1,238,865| |||||||1,482,695|1,717,701| |Visitor admissions|||||||| |visitor ticket income||||||1,524,151|321,002| |Visitor ticket income|gift aid|||||254,553|56,957| |||||||1,778,704|377,959| |Investments|||||||| |Bank interest
receivable||||||66|275| |||||||66|275| |Income from trading|subsidiaries||||||| |MRTL||||||276,262|50,534| |MRAS||||||25,543|3,760| |||||||301,805|54,294| |Total incoming
resources||from|generating||funds|3,563,270|2,150,229| |Other income from charitable|||activities||||| |Education
workshops||||||10,407|| |||||||10,407|| |Other incoming resources|||||||| |Sundry income||||||14,383|33,776| |||||||14,383|33,776| |Total incoming
resources||||||3,588,060|2,184,D05| ## ## ## |Commercial
trading|Commercial
trading|operations:|operations:|operations:|||||| |---|---|---|---|---|---|---|---|---|---| |Trading activities||ofsubsidiaries|||(consolidated)||||| |MRTL||||||168,393||38,542|| |MRAS||||||12,521||2,376|| ||||||||180,914||40,918| |Total cost of|commercial|||trading activities|||180,914||40,918| |Fundraising:|||||||||| |cost ofgoods sold|||and other||costs||||| |Fundraising|||||||||| |Staff costs||||||77,130||71,391|| |Travelling||||||66||14|| |Consultancy||||||45,500||31|| |Management|&admin costs|||||1,531||2,444|| |General costs||||||388||45|| ||||||||124,615||73,925| |Total fundraising||trading|||||||| |cost ofgoods sold|||and other||costs||124,615||73,925| |Total cost ofgenerating|||funds||||305,529||114,843| ## |||||2022||2021|| |---|---|---|---|---|---|---|---| |||||||E|E| |Charitable
activities|||||||| |Visitor services|||||||| |Activities undertaken|||directly||||| |NMRN
SLA costs||||||(636)|| |Digitickets||||||24|| |Staff costs||||369,097||369,590|| |Volunteers
subsistence||||9,362||1,643|| |Travel &entertainment||||1,311||(156)|| |I-lealth &safety||||7,668||4,925|| |Consultancy||||12,516||8,043|| |Management
&admin|||costs|15,517||19,626|| |Rates||||2,326|||| |Insurance||||30,850||28,654|| |Maintenance||||77,301||33,614|| |vehicle
running|costs|||1,365|||| |Museum
enhancements||||6,796||134|| |Events &programming||||17,223||190|| |Marketing||||61,650||125,359|| |Public relations||||5,088||28,289|| |General costs||||2,911||1,271|| ||||||620,981||620,570| |Support costs|||||||| |Staff costs||||74,664||102,442|| |Premises costs||||8,958||10,577|| |Repairs &maintenance|||costs|4,444||3,944|| |Insurance||||10,673||12,935|| |Travel expenses||||2,017||19|| |Accountancy||||1,539||1,717|| |Audit fees||||1,844||2,587|| |Legal &professional||fees||3||285|| |Other professional||fees||4,289||10,158|| |Administration|expenses|||2,644||10,310|| |Depreciation
&|impairment|||7,909||8,963|| |Bank charges &|interest|||544||1,275|| |General costs||||1,342||1,119|| ||||||120,870||166,331| |Visitor services total|||expenditure||741,851||786,901| ## |Education|||||||| |---|---|---|---|---|---|---|---| |Activities undertaken|||directly||||| |Staff costs||||49,650||71,582|| |Travel &entertainment||||214|||| |Consultancy||||||31|| |Management|& admin||costs|150|||| |Depreciation||||288||1,730|| |General costs||||2,426|||| ||||||52,728||73,343| |Support costs|||||||| |Staff costs||||6,305||11,797|| |Premises costs||||756||1,218|| |Maintenance|&plant||hire|375||454|| |Insurance||||901||1,490|| |Travel &entertainment||||170||2|| |Accountancy||||130||198|| |Audit fees||||156||298|| |Legal &professional||fees||||33|| |Consultancy||||362||1,170|| |Management|& admin||costs|223||1,187|| |Depreciation||||668||1,032|| |Bank charges|&interest|||46||87|| |General costs||||115||42|| ||||||10,207||19,008| |Education total expenditure|||||62,935||92,351| ## ## |Conservation
and maintenance|Conservation
and maintenance|Conservation
and maintenance|||||| |---|---|---|---|---|---|---|---| |Activities undertaken
directly|||||||| |Staffcosts||||314,268||334,998|| |Premises costs||||10,505||29,716|| |Light &heat||||214,539||76,204|| |Insurance||||795||6,193|| |Vehicle running||costs||2,414||2,540|| |Maintenance|&plant hire|||219,600||120,218|| |Travel &entertainment||||187|||| |Consultancy||||4,000||8,971|| |Management|& admin costs|||3,588||860|| |Depreciation||||14,254||2,092|| |Profit/loss
on|disposals of fixed assets|||1,638||2,043|| |General costs||||16,250||509|| ||||||802,038||584,344| |Support costs|||||||| |Staff costs||||94,523||95,583|| |Premises costs||||11,341||9,868|| |Maintenance|&plant hire|||5,626||3,680|| |Insurance||||13,512||12,068|| |Travel &entertainment||||2,553||18|| |Accountancy||||1,948||1,602|| |Audit fees||||2,334||2,413|| |Legal &professional
fees||||3||266|| |Consultancy||||5,430||9,478|| |Management|&admin costs|||3,347||9,620|| |Depreciation||||10,013||8,363|| |Bank charges|&interest|||689||707|| |General costs||||1,699||337|| ||||||153,018||154,003| |Conservation||and maintenance|total expenditure||955,056||738,347| ## |Collections|||||||| |---|---|---|---|---|---|---|---| |Activities undertaken|||directly||||| |Staff costs||||59,444||52,082|| |Premises costs||||5,325||14,805|| |Maintenance|&plant||hire|3,690||1,089|| |Insurance||||602||840|| |Travel &entertainment||||225|||| |Consultancy||||||61|| |Management|& admin||costs|81|||| |Depreciation||||2,402||16,515|| |General costs||||54||32|| ||||||71,823||85,424| |Support costs|||||||| |Staff costs||||8,347||11,352|| |Premises costs||||1,001||1,172|| |Maintenance|&plant||hire|497||437|| |Insurance||||1,193||1,433|| |Travel &entertainment||||225||2|| |Accountancy||||172||190|| |Audit fees||||206||287|| |Legal &professional||fees||||32|| |Consultancy||||480||1,126|| |Management|& admin||costs|296||1,142|| |Depreciation||||884||993|| |Bank charges|&interest|||61||84|| |General costs||||150||40|| ||||||13,512||18,290| |Collections total expenditure|||||85,335||103,714| ## ## ## |Exhibition|Exhibition||||| |---|---|---|---|---|---| |Activities undertaken||directly|||| |Grant expenditure|||||21,950| |Office expenses|||||1,475| |Museum
enhancements|||244,850||3,667| |||||244,850|| |Support costs|||||| |Staff costs|||29,440||4,463| |Premises costs|||3,532||461| |Maintenance|||1,752||172| |Insurance|||4,208||564| |Travel &entertainment|||795||1| |Accountancy|||607||75| |Audit fees|||727||113| |I.egal &professional||fees|1||12| |Consultancy|||1,691||443| |Administration|costs||1,042||449| |Depreciation|||3,119||391| |Bank charges &|interest||215||33| |General costs|||530||16| |||||47,659|| |Exhibition total expenditure||||292,509|| ## |Maritime
archaeology|Maritime
archaeology||||| |---|---|---|---|---|---| |Activities undertaken|directly||||| |Staff costs||69,714||44,849|| |Museum
enhancements||3,541|||| |Travel &entertainment||||4|| |Management
& admin|costs|808||688|| |General costs||38||11|| ||||74,101||45,552| |Support costs|||||| |Staff costs||8,910||7,504|| |Premises costs||1,069||775|| |Maintenance
& plant|hire|530||289|| |Insurance||1,274||948|| |Travel &entertainment||241||1|| |Accountancy||184||126|| |Audit fees||220||189|| |Legal &professional
fees||||21|| |Consultancy||512||744|| |Management
&admin|costs|315||755|| |Depreciation||944||657|| |Bank charges &interest||65||56|| |General costs||159||26|| ||||14,423||12,091| |Maritime
archaeology total expenditure|||88,524||57,643| |Museum
building|||||| |Activities undertaken|directly||||| |Depreciation||1,032,399||1,039,022|| ||||1,032,399||1,039,022| |Museum
building total expenditure|||1,032,399||1,039,022| ## ## |PHD Operations|PHD Operations|||||||| |---|---|---|---|---|---|---|---|---| |Activities
undertaken||directly||||||| |PHD Operations|Visitor||Centre|costs|112,461||47,057|| |Staff costs|||||211,864||91,046|| |Rent|||||||2,308|| |Electricity|||||||87|| |Health &safety|||||||361|| |I egal fees|||||||16,263|| |Marketing|||||116,382||62,478|| |General costs|||||1,655|||| |||||||442,362||219,600| |Support costs||||||||| |Staff costs|||||53,188||36,177|| |Premises costs|||||6,382||3,735|| |Maintenance|||||3,167||1,393|| |Insurance|||||7,604||4,568|| |Travel &entertainment|||||1,437||7|| |Accountancy|||||1,095||606|| |Audit fees|||||1,313||913|| |I egal &professional|||||3||101|| |Consultancy|||||3,056||3,587|| |Management
&|admin||costs||1,883||3,641|| |Depreciation|||||5,634||3,165|| |Bank charges &|interest||||388||268|| |Vehicle running|costs||||953||128|| |||||||86,103||58,289| |PHD Operations total|||expenditure|||528,465||277,889| |Grant expenditure||||||||| |Activities undertaken||directly||||||| |Restricted grant|expenditure||||12,968||5,682|| |||||||12,968||5,682| |Restricted grant expenditure||||total expenditure||12,968||5,682| |Total charitable
activity||expenditure||||3,800,042||3,135,834| |Total resources expended||||||4,105,571||3,250,677| |Net incoming/(outgoing)|||resources for the year|||(517,511)||(1,066,672)|