2022-03-31-accounts

Trustees' Report	Trustees' Report				1 to 5
Independent	Examiner's		Report
Consolidated	Statement		ofFinancial Activities
Consolidated	Balance	Sheet			8to9
Balance Sheet				10to 11
Notes to the	Financial	Statements		12to 26

Reference	and Administrative	and Administrative	and Administrative	Details
Charity Registration		Number:		279579
Company	Registration		Nuinber;	01486986
				The charity is	incorporated				in England		and Wales.
Registered	Office:			31North Row
				London
				W1K6DA
Independent Examiner:				Lucrafi Hodgson &Dawes					LLP
				2/4 Ash Lane
				Rustington
				Littlehampton
				West Sussex
				BN163BZ
Solicitors:				Mayo Wynne Baxter LLP
				Century House
				15-19Dyke Road
				Brighton
				East Sussex
				BN1 3FE
Bankers:				HSBC Plc
				Worthing
				1 Warwick Street
				Worthing
				West Sussex
				BN113DE
Trustees and Officers
The trustees and officers serving				during the year aud since the year					end were as follows:
Trustees:				Mr M Holland	(resigned		1 Apri1 2022)
				Mr GRH Holland		(resigned			1 April	2022)
				Mr GLeicester	(resigned			1 April 2022)
				Mr Luke Oliver Johnson			(appointed			1April 2022)
				ProfProfessor	Paul Henry			Rober Dolan			(appointed 7April 2022)
Secretary:				Mr M Holland	(resigned		1 April 2022)

		R	ecognised Gains	and Losses)
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
		Note
Income and Endowments		from:
Donations and legacies		3	86,492		86,492	37,350
loves tnleilt incoine		4				85
Other income			3,558		3,558
Total income			90050		90,050	37,435
Expenditure on:
Charitable activities Other expenditure Total expenditure Net expenditure		5 6	(106,124) ~(1,053 ~107,177) ~17,12		(106,124) ~((,053 ~)07,(77) (17,127)	(113,717) ~)13,717 ~76362
Net movement in funds			(17,127)		(17,127)	(76+82)
ReconciTiation offunds
Total funds brought Total funds carried	forward forward	19	5,396 ~(),731)	7,591 7,591	12,987 ~4,140)	89,268 12,986

	Consolidated Balance Shee	t as at 31M	arch 2022
		Note	2022f	2021f
Fixed assets
Tangible assets		13		1,053
Current assets
Debtors		15	6,746	3,170
Cash atbank and iu hand		16	204	19,875
Creditors: Amounts falling due within one year Net current (iiabl5ties)/assets		17	6,950 ()),000) ~4,140	23,045 ~1),1)2) 11,933
Net (Habilities)/assets			(4,140)	12,986
Funds ofthe group:
Restricted income funds
Restricted funds		19	7,591	7,591
Unrestricted income	funds
Unrestricted funds Total funds		10	(11,731) ~4,140	5,395 12,986

				2022	2021
			1%ate
Fixed assets
Tangible assets			13		1,053
Investments					8,570
					9,623
Current assets
Debtors			15	39,453	39,037
Cash at bank	and in hand		16	145	16,621
Creditors: Atnonnts		falling due within one year	17	39,598 ~3.795	55,658 ~3,781
Net current	assets			35,803	51,877
Net assets				35,803	61,500
Funds ofthe	charity:
Restricted income funds
Restricted funds			19	7,591	7,591
Unrestricted	income	funds
Unrestricted	funds			28,212	53,909
Total funds			19	35,803	61,500

					Unrestricted
					funds	Total	Total
					General	2022	2021
Donations and		legacies;
	Donations Irom companies,			trusts and similar
	proceeds				82,000	82,000	27,350
Grants, mcluding capital grants;
	Government	grants			3,742	3,742	10,000
Regular giving		and capital donations			47,042	47,042	46,999
					132,784	132,784	84,349
4	Investment	income
						Total	Total
						2022	2021
Interest receivableand			similarincome;
	Interest receivable		on bank	deposits			85

					Unrestricted
					funds	Total	Total
					General	2022	2021
				Note
Redevelopment			ofmuseum		17,803	17,803	9,227
Museum	running		costs		10,938	10,938	28,698
Staffcosts					48,785	48,785	46,866
Governance		costs			28,598	28,598	28 926
					106,124	106,124	113,717
							Total
							expenditure

							Unrestricted
							funds	Total
							General	2022
						Note
Depreciation,	amortisation	and	other	similar	costs		1,053	1,053
							1,053	1,053

						Unrestricted
						funds	Total	Total
						General	2022	2021
						f,		E
Independent	examiner		fees
Examination ofthe			imanciaI		statements	3,000	3,000	3,000
Other fees	paid	to examiners				1,400	1,400	1,700
Depreciation,	amortisation			and	other similar costs			873
Other governance		costs				22,199	22,199	21,646
						26,599	26,599	27,219

9 Net incoming/outgoing	resources
Net outgoing resources for the year include:
					2022		2021
Loss on disposal of' fixed assets held for the group's			own use			1,053
Depreciation offixed assets								873
10 Staff costs
The aggregate payroll costs	were as follows:
					2022f		2021
Staffcosts during the year	were:
Wages and salaries					44,804			46,376
Social security costs						3,742
Pension costs						239		490
					48,785			46,866
The monthly average number ofpersons		(including		senior management	/ leadership	team)	employed	by the
group during the year expressed as full time		equivalents		was as follows:
					2022		2021
					No		No
Monthly average number ofemployees
No employee received emolutnents ofmore		than f60,000during the year.
11 Independent examiner's	remuneration
					2022		2021
								E
Examination ofthe financial	snnements					3,000		3,000
Other fees to examiners
All other services						1,800		2,550

Group
	Furniture and
	equipment	Motor vehicles	Total
			K
Cost
At 1 April 2021 Disposals	152,643	5,913 158,556 (5,9)3)~5,913
At 31March 2022	152,643		152,643
Depreciation
At 1April 2021 Elirniruned on disposa1s	152,643	4,860 ~4,860	157,503 ~4.860
At 31March 2022	152,643		152,643
Net book value
At 31March 2022
At 31March 2021		1,053	1,053
Charity
	Furniture and
	equipment	Motor vebides	Total
Cost
At 1 April 2021	152,643	5,913	158,556
Disposals		(5,913)	(5,913)
At 31March 2022	152,643		152643
Depreciation
At 1 April 2021 Eliminated on disposals	152,643	4,860 ~4,860	157,503 ~4,860)
At 31 March 2022	152,643		152,643
Net book value
At 31March 2022
At 31 March 2021		1,053	1,053

Shares in group undertakings	and participating	interests
			Subsidiary
			«udertakings	Total
				s
Cost
At I April 2021			8,570	8,570
At 31March 2022			8,570	8,570
Provision for impairment
Charge for year			8,570	8,570
At 31March 2022			8,570	8,570
Net book value
At 31March 2022
At 31March 2021			8,570	8,570

		Country of		Proportion ofvoting rights	Proportion ofvoting rights	Principal
Undertaking		Incorporation	Holding	and shares held		activity
				2022	2021
Subsidiary	undertakings
						The
						management
Ltnuted		England k Wales	Ordinary	100%	100/o	of the parent company's
						regeneration
						programme

15 Debtors
		Group		Charity
	2022		2021	2022	2021
Due &om group undertakings		750		33,457	35,867
prep ayments		1,372	2323	1,372	2,223
Other debtors		4,624	947	4,624	947
		6,746	3,170	39,453	39,037
16Cash and cash equivalents
		Group		Charity
	2022		2021	2022	2021
	8		8
Cash atbank		204	19,875	145	16,621
17 Creditors: amounts	falling due within one	year
		Group		Charity
	2022		2021f	2022	2021
Trade creditors		443	427		427
Other taxation and social	security	2,710	2,709
Other creditors		2	40	2	4
Accruals		7,935	7,936	3,350	3,350
		11,090	11,112	3,795	3,781

Group
		Balance at 1	Incoming	Resources	Balance at 31
		April 2021	resources	expended	March 2022
Unrestricted	funds
General
General funds		5,396	90,051	(107,176)	(11,729)
Restricted funds
Photographic	fund	7,591			7,591
Total funds		12,987	90,031	~187,17	~4,138
		Balance at 1	Incoining	Resources	Balance at31
		April 2020	resources	expended	March 2021
Unrestricted	funds
General
General funds		81,677	37,435	(113,716)	5,396
Restricted funds
Photographic	fund	7,591			7,591
Total funds		89,268	37,433	~113,71	12,987

Charity
							Other	Balance at
		balance at 1	Incoming		Resources		recognised	31March
		April 2021	resources		expended		gains/(losses)	2022
		f,
Unrestricted	funds
General
General funds		53,908		43,009		(60,135)	(8,570)	28,212
Restricted funds
Photographic	fund	7,591						7,591
Total funds		61,499		43,009	~60,135		~8,570	35,803
		Balance	at 1	Incoming		Resources		Balance at31
		April 2020 f		resources g		expended		March 2021
General
General funds		130,189			37,435		(113,716)	53,908
Restricted funds
Photographic	fund		7,591					7,591
Total funds		137,780			37,435 ~173,71			61,499

Group
		Unrestricted	Total funds at
		funds	31March
		General	2022
Current	assets	44,141	44,141
Current	liabilities	48,281	(48781)
Total net assets
		Unrestricted	Total funds at
		funds	31March
		General	2021
		f
Tangible	fixed assets	1,053	1,053
Current Current	assets liabilities	58,912 (46,979)	58,912 ~46,979
Total net assets		12,986	12,986
Charity
		Unrestricted	Total funds at
		funds	31March
		General	2022f
Current	assets	39,598	39,598
Current	fisbiHties	3,79	(3,795}
Total net assets		35,803	35 803
		Unrestricted	Total funds at
		funds	31March
		General	2021
		f
Tangible	fixed assets	1,053	1,053
Fixed asset investments		8,570	8,570
Current Current	assets liabilities	55,658 3 781	55,658 ~(3,781
Total net assets		61,500	61,500