2022-12-31-accounts - Eureka The National Children's Museum

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Page
Reference and administrative			details ofthe Company,	its Trustees and advisers
Chairman's	statement				2-3
Trustees' report					4-9
Trustees' responsibilities		statement
Independent	auditor's report		on the financial statements		11-14
Consolidated	statement	offinancial activities			15
Consolidated	balance sheet				16
Company balance sheet					17
Consolidated	statement	ofcash flows
Notes to the	financial statements				19-43

Company	registered
number		1948578
Charity registered
number		292758
Registered	office	Discovery Road
		Halifax
		West Yorkshire
		Hxt 2NE
Company	secretary	Miss TJ Corbridge
Chief executive officer		Mrs LA Stradeski
Independentauditor		Armstrong Watson Audit Limited
		Chartered Accountants	and Statutory	Auditors
		Third Floor
		10South Parade
		Leeds
		West Yorkshire
		LS1 5QS
Bankers		Barclays Bank PLC
		10Market Street
		Bradford
		West Yorkshire
		BD1 1EG
Solicitors		Wrigleys LLP
		19Cookridge Street
		Leeds
		West Yorkshire
		LS23AG

		Restdicted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	6	6
Income from:
Donations and legacies Charitable activities	3 4	4,021,326	408,288 2,018,594	4,429,614 2,018,594	6,518,885 1,235,344
Income from other trading activities: Commerical trading activities Investments			1,272,728 26,633	1,272,728 26,633	715,488 4,207
Other income			105,285	105,285	329,591
Total income		4,021,326	3,831,528	7,852,854	8,804,515
Expenditure on: Commercial trading activities Charitable activities	8	422 501	705,316 2739'710	705,316 3162211	400,329 2,164,979
Total expenditure		422,501	3,445,026	3,867,527	2,565,308
Net income before taxation		3,598,825	386,502	3,985,327	6,239,207
Taxation - Museum &Gallery Exhibitions Tax relief			191,924	191,924	35,162
		3,598,825	578,426	4,177,251	6,274,359
Net movement in funds
Reconciliation offunds:
Total funds brought forward Net movement in funds		9,359,471 3,598,825	4,005,377 578,426	13,364,848 4,177,251	7,090,479 6,274,369
		12,958,296	4,583,803	17,542,099	13,364,848

		CONSOLIDATED	BALANCE SHEET
		AS AT 31 DECEMBER 2022
		Note	2022 6		2021f
Fixed assets
Tangible assets		12	14,360,276		9,580,509
			14,360,276		9,580,509
Current assets
Stocks		14	36,853	36,725
Debtors		15	684,609	1,884,110
Cash at bank and in hand		23	3,333,005	3,047,679
			4,054,467	4,968,514
Creditors: amounts	falling due within	one
year		16	(872,644)	(1,184,175)
Net current assets			3,181,823		3,784,339
Total assets less current liabilities			17,542,099		13,364,848
Total net assets			17,542,099		13,364,848
Charity funds
Restricted funds		19	12,958,296		9,359,471
Unrestricted funds		19	4,583,803		4,005,377
Total funds			17,542,099		13,364,848

					2022		2021
			Note		6		5
Fixed assets
Tangible assets			12		14,360,276		9,580,509
Investments			13		2		2
					14,360,278		9,580,511
Current assets
Debtors			15	705,040		2,305,642
Cash at bank	and in hand			2,989,605		2,585,530
				3,694,645		4,892,172
Creditors; amounts		falling due within one
year			16	(786,261)		(1,132,779)
Net current	assets				2,908,384		3,759,393
Total assets	less current liabilities				17,268,662		13,339,904
Total net assets					17,268,662		13,339,904
Charityfunds
Restricted funds			19		12,958,295		9,359,471
Unrestricted	funds		19		4,310,367		3,980,433
Total funds					17,268,662		13,339,904

	FOR T	HE	YEAR ENDED 31 DECEMBER 2	022
				2022	2021
				6
Cash flows from operating	activities
Net cash provided in operating activities		(note 22)		5,428,983	6,194,602
Cash flows from investing	activities
Dividends, interests and rents from investments				26,633	4,207
Purchase oftangible fixed assets				(5,170,290)	(4,386,611)
Net cash used in investing	activities			(5,143,657)	(4,382,404)
Change in cash and cash	equivalents	in	the year	285,326	1,812,198
Cash and cash equivalents	at the beginning		ofthe year	3,047,679	1,235,481
Cash and cash equivalents	atthe end	of	the year (note 23)	3,333,005	3,047,679
The notes on pages 19to43 form part ofthese financial statements

			Restricted	Unrestricted	Total
			funds	funds	funds
			2022	2022	2022
			6	6
Donations			4,021,326	408,288	4,429,614
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021 f	2021 f	2021 5
Donations			5,438,784	1,080,101	6,518,885
				2022 5	2021f
Unrestricted
GIR aid				393,584	234,396
Cultural Recovery Fund					783,300
Calderdale	MBC			6,000	58,661
Spark Fund	- Spooner Trust			1,000	2000
Spark Fund	- Others			593	1,579
Spark Fund	- David Celino Memodal	Fund		7,111
Other					165
				408,288	1,080,101

					F	OR THE YEAR ENDED 31 D	ECEMBER 2022
							2022	2021
							6
	Restricted
	Inspiring	Science Fund						2,063,545
	Strategic	Investment			Fund		3,842,076	2,795,010
	Headley	Trust						25,000
	ASDC							1,500
	Wirral BC							53,729
	Medicash						5,000
	Town Deal						74,250
	The Johnson			Foundation			100,000	200,000
	The Garfield		Weston		Foundation			300,000
							4,021,326	5,438,784
4.	Income from			charitable activities
							Unrestricted	Total
							funds	funds
							2022	2022
							6
	Total income		from operation			ofmuseum	2,018,594	2,018,594
							Unrestn'cted	Total
							funds	funds
							2021	2021
								5
	Total income		from operation			of museum	1,235,344	1,235,344
5.	Investment		income
							Unrestricted	Total
							funds	funds
							2022	2022
							F	6
	Bank deposit		interest		receivable		26,633	26,633

				Unrestricted	Total
				funds	funds
				2021f	2021
	Bank deposit	interest receivable		4,207	4,207
6.	Other income
				Unrestdcted	Total
				funds	funds
				2022 5	2022f
	Other incoming		resources	105,285	105,285
				Unrestricted	Total
				funds	funds
				2021f	2021
	Job retention	scheme income		279,591	279,591
	Other incoming		resources	50,000	50,000
				329,591	329,591

			UnresVi cted	Restricted		Total		Total
			funds	funds		funds		funds
			2022	f	2022		2022	2021 F
Charity Trading	Income
Turnover			~1272728				~1272 728	715488
Charity Other Operating		Income
Job retention scheme income								46396
Fundraising trading expenses
Cost ofsales			352,497				352,497	179,983
Administrative expenses			403,217				403,217	297,639
Wages and salaries			2131002				213,002	139,573
Employers Nl			9,572				9,572	5,658
Pension costs			31331				3331	1,664
			981819				991619	664,~17
Net income from	trading	activites	291 109				291,109	137,369
before taxation

nalysis ofe	x	pen	dit	ure by expendi	ture type
				Staff Costs	Depreciation	Other Costs	Total	Total
				2022	2022	2022	2022	2021
				6	6	6		6
Costs Incurred		by
7 01 00 0	10h		1	225905		479411	705316	400329
Establishment				3501480	181,661	956,056	1,488,197	993,018
Exhibi8on				882,551	208,861	209,158	1,300,570	955,995
Publicity				204,752		140,154	344,906	182,595
Charitable
Activities				1421 703	390522	1 305 368	3133673	2,131,608
Expenditure		on
governance						20530	20 530	33,371
				1 663 600	390522	1 013317	3067 527	2 005 300
Total 2021				1,166,298	427,072	971,938	2,565,308

		2022	2021f
Governance
Auditor's	remuneration	16,445	19,435
Legal and	professional	12,093	13,936
		28,538	33,371

							2022 f	2021 6
Fees payable to the auditor			for the	audit ofthe Company's annual		accounts	16,445	15,185
Fees payable to the auditor			in respect		offees in relation to:
Corporation	tax						4,250	4,250
Depreciation	oftangible	assets owned			by the group		390,522	427,072
Staff costs
					Group	Group	Company	Company
					2022	2021 5	2022	2021f
Wages and	salaries				1,493,083	1,050,170	1,280,081	910,597
Social security costs					113,573	72,077	104,001	55,419
Contribution	to defined	contribution		pension
schemes					57,032	44,051	53,701	42,387
					1,663,688	1,155,298	1,437,783	1,019,403

	Group	Group	Company	Company
	2022	2021	2022	2021
	No.	No.	No.	No.
Museum	78	56	78	56
Cafe	22	15
	100	71	78	56

			8	W	O CO O	O Dl N	EO IO	I	CO EDO	I IO	M N IO	EO EO	N M ID	IN
			I		O ED	O I	I cc		ED	O O ~4	O OI M	I O N	CO IO	EO
					I	IO			N	CO			CD	O
g	I	C	C 0	W
			Cl
			00
		C0 Zl X UI	C 4I E0. 0'0		CO CO IO Ol CO M	N M Cc CO N	N Dl	DlO EO CD CO	N	N ED cl IO M	CO 44 44 o N	N Dl	M IO CO IO	N I
		0 Cl0	0 Ol L'9 I	W	O EO EO Ol I	CD O CD CD Dl	EO EO IO	M EO CO	Ol CI ED ED I	I EO «O I M I	CO CO CI O N	EO I EO IO	CI IO CI	CD IO
		IL
		I00					I EO EO			I EO Dl		EO Dl
	E I Ol 0	xJ0 C "0 I	0a0 I CL		IO I CD I	0 IO CD Ol IO		Ol N IO IO	CO CD Dl	T IO	ED I I EO		Ol COcc 44 IN	EO cc

		IO	W	EO O Ill OI	O N O I	Ol CI CD CI N		N EO EO OI	EO IO OI ED EO 00	CD N IO O Ol 00	CD O O Nl O N	Ol ID N ICI IO
				I	IO			NN	00			CO
g 0« O«O		0
Cl0'IL	00	Cl EDC0		CD IO
	C0 X IU	C CI E CL3 Dl'0	DI	CD CD OI CD	N 00 CC CD N	N 00 CD '0	00 Ol ED O O ~0	N CD ED	'» N N EO DI O E CD CD Ol XN» ED			IO CDI I
	'a								N	IO
	C					Ol N	EO I		IO O	CD '0	IJI N	N
	N ED			IO	CD	I ICI	CD ED		I O	» N	I EO	I
				I	CD
	IL
	I00	N 00	W			ED EO	I		I IO EO		I ED O
		Cl
E 00 0«0 «C w" N 0 Cl		Cl CL0 CL		IO CD CD	O ~0 O EO Ol		O O N IO ED Di	CD ED IDl 00 ~0	T O	CO I 0 IIO		Ol CD N N N

		Investments
		In
		subsidiary
	Company	companiesf
	Cost or valuation
	At 1 January 2022
	At 31 December 2022
	Net book value
	At 31 December 2022
	At31December 2021
14.	Stocks

14.	Stocks
		Group	Group
		2022 6	2021f
	Shop goods for resale	33,200	31,002
	Catering goods for resale	3,653	5,723
		36,853	36,725
15.	Debtors

		Group	Group	Company	Company
		2022 6	2021	2022f	2021f
Due within one year
Trade debtors		28,638	1,630,466	23,014	1,521,005
Other debtors			145,220	34,849	578,253
Prepayments	and accrued income	655,971	108,424	647,177	106,374
		684,609	1,884,110	705,040	2305,642

		Group	Group	Company	Company
		2022f	2021f	2022	2021
Trade creditors		326,747	932,266	289,621	918,938
Other taxation and social security		31,287	33,476	13,974	24,089
Other creditors		11,192	9,270	11,192	9,270
Accruals and deferred	income	503,418	209,163	471,474	180,482
		872,644	1,184,175	786,261	1,132,779

			Group	Group	Company	Company
			2022 f.	2021f	2022f	2021f
Deferred	income
Deferred	income	at 1 January 2022	50,860	27,692	37,324	12,994
Resources deferred during the year			54,932	50,860	45,667	37,324
Amounts	released	from previous periods	(50,860)	(27,592)	(37,324)	(12,994)
Deferred	income	at 31 December 2022	54,932	50,850	45,667	37,324

			Group	Group	Company	Company
			2022	2021	2022	2021
			6		6	5
Financial assets
Financial	assets measured	at fair value
through	income and expenditure		3,361,642	4,823,367	2,989,605
			Group	Group	Company	Company
			2022	2021	2022	2021
			6			5
Financial liabilities
Financial	liabilities measured	at amortised
cost			710,376	1,065,382

							Balance at
		Balance at 1					31
		January				Transfers	December
		2022 5	Income 6	Expenditure 6	Taxation 6	in/out	2022f
Unrestricted
funds
Designated
funds
Spark Fund		17,962	8,704				26,666
Fixed asset fund		1,879,258		(116,343)		300,034	2,062,949
Maintenance	&
development
fund		1,052,500		(24,184)		474,966	1,503,282
Strategic futures
fund		400,000				(400,000)
		3,349,720	8,704	(140,527)		375,000	3,592,897
General funds
General Funds-
all funds		655,657	3,822,824	(3,304,499)	191,924	(375,000)	990,906
Total
Unrestricted
funds		4,005,377	3,831,528	(3,445,026)	191,924		4,583,803
Restricted
funds
All About Me		423,264		(196,638)			226,626
1855Station
Building Project		1,982,528		(70,763)			1,911,765
GiR in kind for
exhibitions		3,500		(500)			3,000
Other restricted
funds		81,962		(7,778)			74,184
Eureka! Science
& Discovery
Centre		6,868,217	3,947,076	(87,326)			10,727,967
Town Deal			74,250	(59,496)			14,754
		9,359,471	4,021,326	(422,501)			12,958,296
Total offunds		13,364,848	7,852,854	(3,867,527)	191,924		17,542,099

Statement	offund	s - prior year
								Balance at
		Balance at						31
		1January					Transfers	December
		2021f	Income f	Expendilure	f	Taxationf	lnloul	2021f
Un restdicted
funds
Designated
funds
Spark Fund		14,383	3,579					17,962
Fixed asset	fund	2,032151		(152,893)				1,879,258
Maintenance	&
development fund		150,000		(28,917)			931,417	1,052,500
Strategic funds		400,000						400,000
		2,596,534	3,579	(I81,810)			931,417	3,349,720
General funds
General Funds		297,675	3,362,152	(2,107,915)		35,162	(931,417)	655,657
Total
Unrestricted
funds		2,894,209	3,365,731	(2,289,725)		35,162		4,005,377

Summary offunds	- prior year
								Ba/ance at
	Ba/ance al							31
	1January						Transfers	December
	2021	Income f		Expenditure	f	Taxationf	infect 6	2021 E
Designated
funds	2,596,534		3,579	(181,810)			931,417	3,349,720
General funds	297,675	3,362,152		(2, 107,915)		35,162	(931,417)	655,657
Restricted funds	4,196,270	5,438,784		(275,583)				9,359,471
	7,090,479	8,804,515		(2,565,308)		35,162		13,364,848
Analysis ofnet assets between		funds
Analysis ofnet assets between		funds	- current year
						Restricted	Unrestricted	Total
						funds	funds	funds
						2022	2022	2022
						6		6
Tangible fixed assets						12,333,391	2,026,885	14,360,276
Current assets						894,878	3,159,589	4,054,467
Creditors due within one year						(269,973)	(602,671)	(872,644)
Total						12,958,296	4,583,803	17,542,099
Analysis ofnet assets between		funds	- prior	year
						Restricted	Unrestricted	Total
						funds	funds	funds
						2021	2021 6	2021f
Tangible fixed assets						7,701,260	1,879,249	9,580,509
Current assets						2,373,495	2,595,019	4,9S8,514
Creditors due within one year						(715,284)	(468,891)	(1,184,175)
Total						9,359,471	4,005,377	13,364,848

The following was a s	ubsidiary undert	aking ofthe Compa	ny:
Name			Company	Holding	Included in
			number		consolidation
1855Station Building	Limited		03613193	100%	Yes
The financial results ofthe subsidiary		for the year were:
Name		Income	Expenditure	Profitl(Loss)	Net	assets
			6	ISurplusl	l(liabilities)
				(Deficit) for		6
				the year
1855Station Building	Limited	1,272,728	981,619	291,109		273,440