##
##
##
##
##
##
##
##
##
##
##
|Deecri tion|Deecri tion||||||Miti
ation/Action||
|---|---|---|---|---|---|---|---|---|
|Dependence|on income||sources||||A grant
has been
secured
from
the
local council
for||
||||||||2022/23. Continue close contact with the council|through|
||||||||re resentatives
on the board.||
|Shorffall on|fundraising||||||Fundraising
kept
under
constant
review|by
the|
||||||||Fundraising
and Marketing
Group. Curator to seek new||
||||||||fundraisin
o
ortunities.||
|Reduced space and resources|||||||Continue
to work closely with the council
regarding
the||
|Future
of Old Town||Hall
unknown|||and||provision ofaspace for the museum
while looking|out for|
|lease due for renewal||in|2023||||alternative
accommodation.||
|Shorffall
in|grants
for|exhibitions||due||to|Continue
to seek funding
for new
exhibitions
and use||
|changing
funding
priorities|||||||funds
provided
by the Benefactors
Circle to meet any||
||||||||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||
|Loss ofincome resulting|||from reduced||||The annual
grant from the Council has been paid in full||
|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||
||||||||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||
|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|
##
##