##
##
||||Page||
|---|---|---|---|---|
|Refcrcnce and Administrative
Details|||||
|Report ofthc Trustees||2|to|4|
|Rcport ofthc lndcpendcnt
Anditors||5|to|7|
|Statcmcnt ofFinancial|Activities||||
|Balance Shcct|||||
|Notes to thc Financial|Statcmcnis|10|to|20|
|Detailed Statement of|Financial Activities|21|to|22|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Endowment|Total|Total|
|||||||fund|fund|fiinds|fimds|
||||||Notes||||f|
|INCOME AiVD ENDOVYMENTS||||FROiM||||||
|Donations
and legacies|||||2|164,995||164,995|127,830|
|Charitable
activities||||||||||
|Fan Museum||||||13,063||13,063|3,771|
|Investmcnt
income||||||147,984||147,984|118,971|
|Other income||||||32,347||32,347|49,965|
|Total||||||358,389||358,389|300,537|
|EXPENDITURE|ON|||||||||
|Itaising
funds|||||G|19,851||19,851|22,049|
|Charitable
activities||||||||||
|Fan Museuin||||||289,053||289,053|256,794|
|Total||||||308,904||308,904|278,843|
|Nei gainsi(losses)|on|investments||||(312,217)||(312,217)|138,654|
|NET INCOME/(EXPENDITURE)||||||(262,732)||(262,732)|160,348|
|Transfers
between||funils|||17|(455)|455|||
|Net movement
in|funds|||||(263,187)|455|(262,732)|160,348|
|RECONCILIATION|||OF FUNDS|||||||
|Total funds brought||forward||||5,720,902|664,686|6,385,588|6,225,240|
|TOTAL FUNDS|CARRIED FORWVAICD|||||5,457,715|G65,141|6,122,856|6,385,588|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Endownient|Total|Total|
|FIXEDASSETS|Notes|fund
f|fuiid
8|filllds|funds
8|
|Tangible assets
Heritage
assets
investments|12
13
14|55,251
1,691,465
3,336,842|665,141|55,251
2,356,606
3,336,842|67,113
2,35G, I5 1
3,524,G99|
|||5,083,558|G65,141|5,748,699|5,947,963|
|CURRENT ASSETS||||||
|Debtors
Cash at bank|15|58,870
339,251||58,870
339,251|55,040
410,089|
|||398,121||398,121|465,129|
|CREDITORS||||||
|Amounts
falling duc within onc year|16|(23,964)||(23,964)|(27,504)|
|NET CUIUZENT ASSETS||374,157||374,157|437,625|
|TOTAL ASSETSLESSCUltRENT||||||
|LIABILITIES||5,457,715|6GS, 141|6,122,85()|6,385,588|
|NET ASSETS||5,457,715|665,141|6,122,856|6,385,588|
|FUNDS|17|||||
|Unrestricted
funds||||||
|Endowment
funds||||5,457,715|5,720,902|
|||||665,141|664,686|
|TOTAL FUNDS||||||
|||||6,122,856|6,385,588|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||7023|2022|
|---|---|---|---|---|---|
|||||I||
|Dollatiolls||||78,114|35,448|
|Covenants|and|Gift|aid|86,881|92,382|
|||||164,995|127,830|
##
||||||THE FAiV MUS|EUM TRUST|||
|---|---|---|---|---|---|---|---|---|
||||iVotes||to the Financial|StatemenH - continued|||
||||||for thc year ended 31March 2023||||
|3.|INVESTMENT INCOME||||||||
||||||||2023|2022|
||Income From listed investtncnts
Deposit account interest||||||145,659
2,325|f
118,891
80|
||||||||147,984|118,971|
|4.|INCOME FROM CHARITABLE||||ACTIVITIES||||
||||||||2023|2022|
|||||Activity|||f||
||Grants
Museum
admissions|||Fan
Fan|Museum
Museum||13,063|1,000
2,771|
||||||||13,063|3,771|
||Grants rcccivcd, included|m|the|shove, are as follovvs:|||||
||||||||2023|2022|
||Circle ofArts|||||||1,000|
||OTHER IiVCOME||||||||
||||||||2023|2022|
||Sundry rcccipts
Rmttal income
Coronavirus
Job Retcnuon
Govcntment
grants|Schente|||||f
7,133
25,214|f,
6,657
25,800
5,508
12,000|
||||||||32,347|49,965|
|6.|RAISING FUNDS||||||||
||INVESTMENT hIANAGEMENT||||COSTS||||
||||||||2023|2022|
||Portfolio management||||||19,851|22,049|
##
##
|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
||Management|I'inance|costs|Totals|
||f.||f|f.|
|Pan Museum|275,020|221|4,700|279,941|
|NET INCOME/(EXPENDITURE)|||||
|Nct income/(expenditure)
is slated ager|charging/(crediting):||||
||||2023f|2022|
|Auditors'
rmnuneration|||4,700|3,300|
|Dcprcciation - owned assets|||15,130|17,275|
|Hire ot plant and machinery
Deficit on disposal offixed assets|||2,899
665|3,569|
##
##
##
|STAF|FCOSTS||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||f|
|tt/ages|and salaries||||93,192|97,078|
|Social|security costs||||3,432|3,479|
|Other|pension costs||||2,961|1,875|
||||||99,585|102,432|
|Thc average
monthly||number ofmnployccs|during|the year was as t'ol lowe:|||
||||||2023|2022|
|Engaged
ui charitable||activities|||3|3|
|Adniinistration|||||I|I|
##
||Notes to the Financial Statenients
-continued
for thc year ended 31March 2023|Notes to the Financial Statenients
-continued
for thc year ended 31March 2023|Notes to the Financial Statenients
-continued
for thc year ended 31March 2023|Notes to the Financial Statenients
-continued
for thc year ended 31March 2023|||
|---|---|---|---|---|---|---|
|11.|COMPAIIATIVES FOR THE STATEMFNT OF FINANCIAL ACTIVITIES||||||
|||||Unrestricted|Endowment|Total|
|||||fund|fund|fiinds|
||li'ICOME AiVD ENDOIVMENTS||FROM||||
||Donations
and legacies|||127,830||127,830|
||Charitable
activities||||||
||Pan Museum|||3,771||3,771|
||Invcsuilctlt
hlconlc
Other income|||118,971
49,965||II8,971
49,965|
|||||300,537||300,537|
||EXPENDITURE ON||||||
||Raising
lUll(ls|||22,049||22,049|
||Charitable
activities||||||
||Fan Museum|||256,794||256,794|
||Total|||278,843||278,843|
||Nct thous oil IflvCStnlClltS|||138,654||138,654|
||NET INCOME
Transfers
between
funds|||160,348
(593)|593|160,348|
||Nct movcmcnt
in funds|||159,755|593|160,348|
||RECONCILIATION|OFIiUNDS|||||
||Total lands broughi
folivard|||5,561,147|664,093|6,225,240|
||TOTAL FUNDS CARRIFD FOR3VARD|||5,720,902|664,686|di,385,588|
##
|12.|iNotes to the Financial Statements -
for the year ended 31 iularch
TANGIBLE IIXEDASSETS|continued
2023|
|---|---|---|
|||lrixtuies|
|||a!16|
||COST|flltlngS
f|
||At
I April 2022
Additions|143,413|
||Disposals|3,933|
|||(4,07G)|
||At 31 March 2023||
|||143,320|
||DEPRECIATIOiN||
||At
I April 2022
Charge for year
Eliminated
on disposal|76,300
15,130
(3,361)|
||At 31 March 2023||
|||88,069|
||NET BOOK VALUE||
||At 31 March 2023||
|||55,251|
||At 31 March 2022||
|||67,1!3|
|13.|HEIUTAGE ASSETS||
|||Total|
||hIARKET V&LLUE|f|
||At I April 2022
Additions|2,356,151|
|||455|
||At 31March 2023||
|||2,35G,606|
||NET BOOI&VALUE||
||At 31March 2023||
|||2,356,606|
||At 31 March 2022||
|||2,35f&,151|
|14.|FIXEDASSETINVESTiVIEISTS||
|FIXEDASSETINVESTiVIEISTS||||
|---|---|---|---|
||Sluires in|||
||group|Listed||
|MARKET VALUE|undcrtaklllgs
f|lnvesllnellts
f|Totals|
|At I Apnl 2022
Additions|100|3,524,599|3,524,699|
|Disposals||8G4,528
(1,052,385)|864,528
(1,052,385)|
|At 31 March 2023|100|3,336,742|3,336,847|
|NET BOOK VALUE||||
|At 31 March 2023|100|3,336,742|3,336,842|
|At 31 March 2022|100|3,524,599|3,524,699|
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||Bond holdings
Equitics holdings
Alternatives
and related|holdings|||f.
976,725
1,736,701
C)23,316|f
806,601
2,042,652
C&75,346|
||||||3,336,742|3,524,599|
|15.|DEBTORS:AMOUNTS FALLING DUE 5YITHIN ONE YEAR||||||
||||||2023|2022|
||Amounts
owed by group
Other debtors
VAT
Prepaymcnts
and accrued|undettakings
income|||21,463
15,594
9,656
12,157|17,761
16,523
8,410
12,346|
||||||58,870|55,040|
|16.|CRFDITORS: AMCJUNTS FALLING DUE VVITIIUV ONE YEAR||||||
||||||2023|2022|
||Trade crcdttors
Social security
and other taxes
Accntals
and deferred
income||||5,716
2,353
15,895|8,484
2,355
16 CrCi5|
||||||23,964|27,504|
|17.|MOVEMENT
IiV FUNDS||||||
|||||Nct|Transfers||
||||movemcnt||between|At|
||Unrestricted
funds|At 1.4.22
f|in|funds
f.|funds|31.3.23
f|
||General fund|5,720,t)02|(262,732)||(455)|5,457,715|
||Endotvment
funds||||||
||Endowment
fund|664,686|||455|665,141|
||TOTAL FUNI&S|6,385,588|(262,732)|||6,122,856|
##
##
##
##
|||||Incoming|Resources|Gable slid|Movement|
|---|---|---|---|---|---|---|---|
|Unrestricted||funds||resources|expended
f|losses
f|in funds
f.|
|General
fund||||358,389|(308,904)|(312,217)|(262,732)|
|TOTAL 11UiVDS||||358,389|(308,904)|(312,217)|(262,732)|
|Comparatives||for movement|in funds|||||
||||||Net|Transfers||
||||||eleven)cut|I)ct')cecil|At|
|Unrcstrictcd||funds||At 1.4.21
f.|in funds
f|funds
f,|31.3.22|
|General fund||||5,561,147|160,348|(593)|5,720,907|
|Endolvment||funds||||||
|Endowment|fund|||664,093||593|664,6S6|
|TOTAL FUNDS||||6,225,240|160,348||li,385,588|
||||Incoming|Resources|Gains and|Moveiucnt|
|---|---|---|---|---|---|---|
|Unrestricted||funds|resources
f|expended
f|losses|ill funds
f.|
|General|fund||300,537|(278,843)|138,654|160,348|
|TOTAL|I'UNDS||300,537|(278,843)|138,654|160,348|
##
##
##
##
##
##
##
||for the year ended 3|l March 2023||
|---|---|---|---|
|||2023|2022|
||||f.|
|INCOME AND ENDOVVMENTS||||
|Donations
and legacies||||
|Donations||||
|Covenants
and GiA aid||78,114|35,448|
|||86,881|92,382|
|||164,995|127,830|
|lnvcstsnent
income||||
|Inconm from listed investrncnts
Deposit account interest||145,659
2,325|118,891
80|
|||147,984|118,971|
|Chnritablc
activities||||
|Grants||||
|Museum
admissions|||1,000|
|||13,063|2,771|
|||13,063|3,771|
|Other income||||
|Sulsilrj rcccitus
Rental income||7,133|6,657|
|Coronavirus
Job Retention
Govemmcnt
grants|Scheme|25,214|25,800
5,508
12,000|
|||32,347|49,965|
|Total incoming
resources||358,389|300,537|
|EXPENDITURE||||
|Investment
management|costs|||
|Ponfolio management||19,851|22,049|
|Charitable
activities||||
|Museunt
expenses
Exltlbitloll expenses
Loss on sale oftangible lixed nsscts||7,083
1,364
665|7,393
181|
|||9,112|7,574|
|Support costs||||
|Management||||
|YVagcs
Social security
Pensions||93,192
3,432|97,078
3,479|
|Hire ofplant and machinery
Rates and water
Canicd forward||2,961
2,899
1,530|1,875
3,569
791|
|||104,014|106,792|
##
|TIIE PAN MUSEUM TRU|ST|||
|---|---|---|---|
|Detailed Statement ofI'inancial|Activities|||
|for the year ended 31 iMarch|2023|||
|||2023|2022|
|Mnnagcmcnt||||
|Broughtfotward
Insurance
Lightand
heat
Tclephonc
Postageand
stationety
Advertising
Stllxlllcs
Repairs k, renewals - equipment
lnfomtation
technology
costs
Repair
/k maintenance
-building
Cleaning and general cxpcnses
Bookkeeping S.accountancy
Legal /k professional
fees
Fixtures and finings||104,014
20,296
6,408
770
4,638
9,790
6,773
4,627
3,825
50,137
17,629
19,040
11,943
15,130|106,792
18,410
6,057
1,240
2,020
5,953
5,359
4,225
5,314
26,212
10,007
19,040
17,572
17,274|
|||275,020|245,475|
|Fl11altcC||||
|Bank charges||221|445|
|Covernance
costs||||
|Auditors'
rcmuncration||4,700|3,300|
|Total resources cxpendcd||308,904|278,843|
|Net inconte before gains and lasses||49,485|21,694|
|Realised recognised
gains and insscs||||
|Real isccl gains/(leases)
on fixed asset investments||(312,217)|138,654|
|Net (cxpenditurc)/income||(262„732)|160,348|