2023-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 5
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		8to9
Notes to the Financial	Statements	l0 to 20

			Reference and Administrative	Reference and Administrative	Reference and Administrative	Details
Trustees				TMcDonald
				D Spooner
				A Dodge
Charity Registration			Number	284687
Company	Registration		Number	01629881
Registered		OIIice		Shipwreck Museum
				Rock A Nore	Road
				Hastings
				East Sussex
				TN34 3DW
Independent		Examiner		Manningtons
				A JThomson	FCA
				7Wellington	Square
				Hastings
				East Sussex
				TN34 1PD
Bankers				National Westminster
				Havelock Road
				Hastings
				East Sussex
				TN34 1GW
				CAF Bank
				West Mailing
				ME194SQ

		and Lo	sses)
			Unrestricted	Restricted	Total
			funds	funds	2023
		Note		f,	f,
Income and Endowments	from:
Donations and legacies			21,476		21,476
Other trading activities			86,530		&6,530
Investment income			11		11
Total Income			108,017		108,017
Expenditure on:
Raising funds			(77,294)		(77,294)
Charitable activities			(22,145)		(22,145)
Total Expenditure			~99,439)		(99,439)
Net income			8,578		8,578
Net movement in funds			8,578		8,578
Reconciliation offunds
Total funds brought forward			71,814	1,500	73,314
Total funds carried forward		18	80,392	),500	81,892
			Unrestricted	Restricted	Total
			funds	funds	2022
		Note	f,
Income and Endowments	from:
Donations and legacies			22,380		22,380
Other trading activities			70,311		70,311
Total income			92,691		92,691
Expenditure on:
Raising funds Charitable activities Total expenditure			(63,580) ~(4l,626 ~(l05,206	(1,500) ~l,500)	(65,080) (106,706)
Net expenditure			(12,515)	(1,500)	(14,015)
Net movement in funds			(12,515)	(1,500)	(14,015)
Reconciliation offunds
Total funds brought forward			84,329	3,000	87,329
Total funds carried forward		18	71,814	1,500	73,314

		Balance Sheet as at3	1December 20	23
				2023	2022
			Note
Fixed assets
Tangible assets			13	25,848	29,015
Current assets
Stocks			14	6,141	3,811
Debtors			15
-due within	one year			1,307	2,066
Cash at bank	and in hand		16	49,245	39,832
				56,693	45,709
Creditors: Amounts		falling due within one year	17	649)	1,410
Net current	assets			56,044	44,299
Net assets				81,892	73,314
Funds ofthe	charity:
Restricted income funds
Restricted funds				1,500	1,500
Unrestricted	income	funds
Unrestricted	funds			80,392	71,814
Total 1'unds			18	81,892	73,314

2 Income from donations and	legacies
		Unrestricted
		funds	Total
		Genera)	funds
Donations and legacies;
Donations from individuals		18+89	18,289
Gift aid reclaimed		3,187	3,187
Total for 2023		21,476	21,476
Total for 2022		22,380	22,380
3 Income from other trading	activities
		Unrestricted
		funds	Total
		General	fundsf
Trading income;
Sales ofgoods and services		84,075	84,075
Events income;
Other events income		2,455	2,455
Total for 2023		86,530	86,530
Total for 2022		70,311	70,311

4 Investment in	come
		Unrestricted
		funds	Total
		General	funds
Interest receivable	and similar income;
Interest receivable on bank deposits
Total for 2023

a) Costs of	trading activi	ties
				Unrestricted
				funds	Restricted	Total
				General	funds	funds
			Note			f,
Costs ofgoods sold				36,400		36,400
Membership	subscriptions			20		20
Marketing and publicity				2,347		2,347
Depreciation,	amortisation	and other similar
costs				3,]67		3,167
Other direct	costs ofactivities for generating
funds				34,101		34,101
Total for 2023				76,035		76,035
Total for 2022				62,376	1,500	63,876

b) Investment management costs
		Unrestricted
		funds	Total
	Note	General	fundsf
Finance charges;
Bank charges		1,259	1,259
Total for 2023		1,259	1,259
Total for 2022		1,204	1,204

				Unrestricted
				funds	Total
			Note	General	fundsf
Staffcosts				1,577	1,577
Allocated	support costs			5,387	5,387
Governance costs				5,980	5,980
Activities	undertaken	directly		9,201	9,201
Total for	2023			22,145	22,145
Total for	2022			41,626	41,626

				Unrestricted
				funds	Total
				General	funds
Independent examiner		fees
Examination	ofthe	financial	statements	3,384	3,384
Legal and Professional		fees		2,596	2,596
Total for 2023				5,980	5,980
Total for 2022				6,782	6,782

8 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include:
	2023	2022
Depreciation offixed assets	3,167	3,167
Finance charges payable	1,259	1,204

The aggregate payroll costs were as follows:
	2023f	2022
Staff costs during the year were:
Wages and salaries	34,101	28,195
Pension costs	1,577	1,149
	35,678	29,344

2023	2022f
3,384	1,104

13 Tangible fixed assets
		Exhibition
	Building	Cases and	OAice
	Conversion	Fittings f	Equipment f	Total
Cost
At 1 January 2023	95,798	68,360	20,293	184,451
At 31December 2023	95,798	68,360	20,293	184,451
Depreciation
At 1 January 2023	69,418	67,427	18,591	155,436
Charge for the year	1,916	240	1,011	3,167
At 31December 2023	71,334	67,667	19,602	158,603
Net book value
At 31December 2023	24,464	693	691	25,848
At 31December 2022	26,380	933	1,702	29,019
14 Stock
			2023	2022f
Stocks			6,141	3,811
15 Debtors
			2023f	2022
Trade debtors				2,066
Prepayments			1,307
			1,307	2,066

16 Cash	and	cash equivalents	cash equivalents
				2023	2022
Cash on hand				(1,602)	1,099
Cash at bank				50,675	35,780
Short-term	deposits			172	2,953
				49,245	39,832
17 Creditors:		amounts	falling due within one year
				2023	2022
Other taxation		and social	security		306
Accruals					1,104
				649	1,410

18 Funds
							Balance at 31
			Balance	at 1	Incoming	Resources	December
			January	2023	resources	expended	2023
			f,				f,
Unrestricted	funds
General
Unrestricted	Fund		66,814		108,017	(99,439)	75,392
Designated
Designated	Fund			5,000			5,000
Total unrestricted		funds	71,814		108,0]7	(99,439)	80,392
Restricted funds
Royal Pavillion				1,500			1,500
Total funds			73,314		108,017	(99,439	81,892
							Balance at 31
			Balance	at 1	Incoming	Resources	December
			January	2022	resources	expended	2022
			f,
Unrestricted	funds
General
Unrestricted	Fund		79,329		92,691	(105,206)	66,814
Designated
Designated	Fund			5,000			5,000
Total unrestricted		funds	84,329		92,691	(105,206)	71,814
Restricted
Royal Pavi1	lion			3,000		(1,500)	1,500
Total funds			87,329		92,691	(106,706	73,314

19 Analysis ofnet funds
				At 31
	At 1January	Financing	cash	December
	2023	flows		2023
	f.
Cash at bank and in hand	39,832		9,413	49,245
Net debt	39,832		9,4I3	49,245