##
##
##
|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|