| Deecri tion | Deecri tion | Miti ation/Action |
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|---|---|---|---|---|---|---|---|---|
| Dependence | on income | sources | A grant has been secured from the local council for |
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| 2022/23. Continue close contact with the council | through | |||||||
| re resentatives on the board. |
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| Shorffall on | fundraising | Fundraising kept under constant review |
by the |
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| Fundraising and Marketing Group. Curator to seek new |
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| fundraisin o ortunities. |
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| Reduced space and resources | Continue to work closely with the council regarding the |
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| Future of Old Town |
Hall unknown |
and | provision ofaspace for the museum while looking |
out for | ||||
| lease due for renewal | in | 2023 | alternative accommodation. |
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| Shorffall in |
grants for |
exhibitions | due | to | Continue to seek funding for new exhibitions and use |
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| changing funding priorities |
funds provided by the Benefactors Circle to meet any |
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| shorffall | ||||||||
| With respect | to the Covid-19 situation, | the | Board has identified the following exceptional risks |
which are being actively | ||||
| monitored. | ||||||||
| Descri tion | Miti ation/Action |
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| Loss ofincome resulting | from reduced | The annual grant from the Council has been paid in full |
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| educational | activities, | cancellation | of | for 2022/23 together with other Covid-19 impact | grants | |||
| fundraising | events, loss | of shop | income | brought forward totalling E6,000.Together with |
existing | |||
| and a general reduction | in donations | reserves this will ensure that the Museum can continue |
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| too arete on a sound financial basis durin the |
ear. | |||||||
| Health risks | related to | the re-opening | of | The Museum has prepared a detailed risk assessment |
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| the Museum | to staff, volunteers | and | in line with government guidelines and maintains |
up to | ||||
| visitors. | date knowled eon Covid-19 best ractice. |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | ||
| Income from | |||||
| Donations and Grants |
52,458 | 95,585 | 148,043 | ||
| Charitable Activities |
16841 | 0 | 16841 | ||
| 69299 | 95,585 | 164884 | |||
| Expenditure on |
|||||
| Raising funds | 1,156 | 0 | 1,156 | ||
| Charitable activities |
34207 | 106,072 | 140279 | ||
| 35,363 | 106,072 | 141,435 | |||
| Net income (expenditure) | 33,936 | (10,487) | 23,449 | ||
| Total funds brought | forward | 72,318 | 22 473 | 94,791 | |
| Total funds carried | forward | 106254 | 11,986 | 118,240 |
| Unrestricted | Unrestricted | Restricted | ||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | |||||
| Income from | ||||||||
| Donations | and Grants | 26,735 | 95,436 | 122,171 | ||||
| Charitable | Activities | 11 | 010 | 0 | 11 | 010 | ||
| 37 | 745 | 95436 | 133 | 181 | ||||
| Expenditure on |
||||||||
| Raising funds | 214 | 0 | 214 | |||||
| Charitable | activities | 26 | 863 | 97234 | 124,097 | |||
| 27 | 077 | 97,234 | 124 | 311 | ||||
| Net income (expenditure) | 10,668 | (1,798) | 8,870 | |||||
| Net movement in funds |
10,668 | 1,798 | 8 | 870 | ||||
| Total funds | brought | forward | 61 | 650 | 24271 | 85 | 921 | |
| Total funds | carried | forward | 72,318 | 22,473 | 94,791 |
| Notes | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| 6 | E | E | |||||
| CURRENT ASSETS | |||||||
| Debtors | 7 | 11,940 | 9,695 | ||||
| Bank and cash balances | 114,830 | 101,878 | |||||
| 126,770 | 111,573 | ||||||
| CREDITORS - falling due | |||||||
| within one year | (8,530) | (16,782) | |||||
| Net assets | 118,240 | 94,791 | |||||
| RESERVES | |||||||
| Unrestricted | -designated | 50,000 | 0 | ||||
| Unrestricted | -general | 56,254 | 72,318 | ||||
| Unrestricted | -total | 106,254 | 72,318 | ||||
| Restricted funds | 11888 | 22,473 | |||||
| Total funds | 118,240 | 94.791 |
| Year Ended | Year Ended | ||||||
|---|---|---|---|---|---|---|---|
| 31aMarch | 31"March | ||||||
| 2022 | 2021 | ||||||
| 6 | 6 | ||||||
| Net cash | inflow from operating | activities | 12,952 | 16,868 | |||
| Change | in cash and cash | equivalents | in | reporting | |||
| period | 12,952 | 16,868 | |||||
| Cash and cash equivalents | at the | beginning | ofthe | ||||
| reporting | penod | 101,878 | 85,010 | ||||
| Cash and cash equivalents | at the end | of | the | ||||
| reporting | period | 114,830 | 101,878 | ||||
| Reconciliation ofnet movement |
in funds | to net | |||||
| cash flow from operating | activities | 23,449 | 8,870 | ||||
| Increase | in debtors | (2,245) | (1,051) | ||||
| (Decrease)/Increase in creditors |
(8,252) | 9,049 | |||||
| Net cash | used in operating | activities | 12,952 | 16,868 |
| Unrestricted | Restricted funds | Designated | Total funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | ||||||||
| E | F | F | ||||||||
| LBRUT grant | 0 | 80,000 | 0 | 80,000 | ||||||
| Orange Tree exhibition | grants | 0 | 2,402 | 0 | 2,402 | |||||
| King's Observatory | exhibition | 0 | 150 | 0 | 150 | |||||
| Covid-1 9Support RPLC ' learning |
Grant grant |
38,393 0 |
0 3,024 |
0 0 |
38,393 3,024 |
|||||
| MDO audience development |
grant | 0 | 3,600 | 0 | 3,600 | |||||
| Kickstart scheme | 0 | 5,000 | 0 | 5,000 | ||||||
| JRSfurlough | 0 | 1,409 | 0 | 1,409 | ||||||
| Other grants and | donations | 0 | 0 | 0 | 0 | |||||
| General donations | 3,802 | 0 | 0 | 3,802 | ||||||
| Benefactors Circle | 8,790 | 0 | 0 | 8,790 | ||||||
| GiR Aid claimed | 1 | 473 | 0 | 0 | 1 473 | |||||
| Total | 52 | 458 | 95585 | 0 | 148043 |
| Unrestricted | Restricted funds | Designated | Total funds | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2021 | ||||||
| 6 | E | E | F | |||||
| LBRUT grant | 0 | 80,000 | 0 | 80,000 | ||||
| Achieving for Children |
0 | 1,062 | 0 | 1,062 | ||||
| St Mary Magdalene | exhibition | grants | 0 | 1,518 | 0 | 1,518 | ||
| King's Observatory | exhibition | 0 | 876 | 0 | 876 | |||
| Richmond Vicar's Book |
0 | 3,989 | 0 | 3,989 | ||||
| Covid-19 Support Grant | 16,000 | 0 | 0 | 16,000 | ||||
| Heritage Emergency | Fund Grant | 0 | 6,400 | 0 | 6,400 | |||
| Other grants and donations | 0 | 1,591 | 0 | 1,591 | ||||
| General donations | 1,587 | 0 | 0 | 1,587 | ||||
| Benefactors Circle | 6,000 | 0 | 0 | 6,000 | ||||
| GiR Aid claimed | 3 | 148 | 0 | 0 | 3 148 | |||
| Total | 26 | 735 | 95436 | 0 | 122 171 |
| Unrestricted | Total funds | Unrestricted | Total funds | ||
|---|---|---|---|---|---|
| funds 2022 | 2022 | funds 2021 | 2021 | ||
| F | E | 6 | 6 | ||
| Talks and events | 3,177 | 3,177 | 638 | 638 | |
| Legacies | 0 | 0 | 2,000 | 2,000 | |
| Subscriptions | 803 | 803 | 912 | 912 | |
| Educational | activities | 5,588 | 5,588 | 962 | 962 |
| HMRC Tax Relief | 5,668 | 5,668 | 5,565 | 5,565 | |
| Other income | 1,605 | 1,605 | 933 | 933 | |
| 16,841 | 16,841 | 11,010 | 11010 |
| RAISING FUN | DS | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | ||||
| 6 | 6 | 6 | ||
| Talks and events | 1,156 | 0 | 1,156 | |
| The breakdown | for 2021 is shown below: |
| he br | eakdo | wn for 2021 is shown belo |
w: | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | |||||
| 6 | 5 | 5 | |||
| Talks | and | events | 214 | 0 | 214 |
| Museum | costs | |
|---|---|---|
| The | breakdown | for 2021 is shown below: |
| Unrestricted | Restricted | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | ||
| 8 | 6 | 8 |
| 34,207 | 106,072 | 140,279 |
| Unrestricted | Restricted | Total |
|---|---|---|
| funds | funds | funds |
| 2021 | ||
| 6 | ||
| 26,863 | 97,234 | 124,097 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| F | ||||
| Salaries | 73,930 | 66,634 | ||
| National | insurance | contributions | 2,623 | 1,942 |
| Pensions | 2,034 | 1,834 | ||
| 78,587 | 70,410 |
| 2022 | 2021 | |
|---|---|---|
| E | 6 | |
| Trade debtors | 4,298 | 1,586 |
| Prepaid expenses | 7642 | 8 109 |
| 11940 | 9695 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Accruals and deferred | income | 7,344 | 15,304 |
| Other Creditors | 1 186 | 1478 | |
| 8530 | 16782 |
| Balance at 1 | Income/ | Balance at 31 | |||
|---|---|---|---|---|---|
| April 2021 | (Expenditure) | Transfers | March 2022 | ||
| F | 6 | 6 | 6 | ||
| Restricted funds: | |||||
| Development fund |
14,196 | (2,210) | 11,986 | ||
| Funde available | for specific | ||||
| exhibitions | 8277 | 8277 | |||
| Total restricted funds |
22,473 | (10,487) | 0 | 11,986 | |
| Unrestricted funds |
|||||
| General fund |
72,318 | 33936 | 50000 | 56254 | |
| Designated funds |
|||||
| Display fund | 0 | 0 | 50000 | 50 000 | |
| Total designated | funds | 0 | 0 | 50,000 | 50,000 |
| Total unrestricted | funds | 72,318 | 33,936 | 0 | 106,254 |
| Total funds | 94,791 | 23,449 | 0 | 118,240 |
| Balance at 1 | Incomel | Balance at 31 | |||
|---|---|---|---|---|---|
| April 2020 | (Expenditure) | Transfers | March 2021 | ||
| f | F | F | 5 | ||
| Restricted funds: | |||||
| Development fund |
15,994 | (1,798) | 14,196 | ||
| Funds available | for specific | ||||
| exhibitions | 8,277 | 8277 | |||
| Total restricted funds |
24,271 | (1,798) | 0 | 22,473 | |
| Unrestricted funds |
|||||
| General fund |
61,650 | 10,668 | 0 | 72318 | |
| Total designated | funds | ||||
| Total unrestricted | funds | 61 650 | 10,668 | 0 | 72,318 |
| Total funds | 85 921 | 8870 | 0 | 94791 |