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|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||
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|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)|||||
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|||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|
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||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|
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|||||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|
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||||||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|
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||||||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|
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|||||||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|
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|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||
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|Examination
ofthe financial|snnements|||||3,000||3,000|
|Other fees to examiners|||||||||
|All other services||||||1,800||2,550|
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|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|
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|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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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