2023-01-31-accounts

					Page
Reference and administrative		details ofthe charity,	its trustee	and advisers
Trustee's report					2-6
Independent auditors'	report				7-9
Statement offinancial	activities				10
Balance sheet
Notes to the financial	statements				12-23

			Unrestricted	Restricted		Total
			funds	funds	Total funds	funds
			2023	2023	2023	2022
		Note	E	E	E	E
INCOME AND ENDOWMENTS	FROM:
Donations, legacies and grants			54,086	144,864	198,950	99,721
Charitable activities			73,802		73,802	31,569
Other trading activities			8,518		8,518	3,357
Investments			22,037		22,037	22,584
TOTAL INCOME			158,443	144,864	303,307	157,231
EXPENDITURE ON:
Charitable activities			65,986	59,333	125,319	66,415
Raising funds			8,818		8,818	8,852
TOTAL EXPENDITURE			74,804	59,333	134,137	75,267
NET INCOME BEFORE
INVESTMENT GAINS			83,639	85,531	169,170	81,964
Net gains/(losses) on investments			(4,878)		(4,878)	6,246
NET INCOME/(EXPENDITURE)
BEFORE OTHER RECOGNISED
GAINS AND LOSSES			78,761	85,531	164,292	88,210
TRANSFERS BETWEEN FUNDS		16	(2,105)	2,105
NET MOVEMENT IN FUNDS			76,656	87,636	164,292	88,210
RECONCILIATION OF FUNDS:
Total funds brought forward			233,086	67,204	300,290	212,080
TOTAL FUNDS CARRIED FORWARD			309,742	154,840	464,582	300,290

					2023		2022
			Note		E		E
FIXED ASSETS
Tangible Assets					158,634		47,468
Inves tments			12		96,214		101,092
					254,84&		148,560
CURRENT ASSETS
Stocks			13	2,881		2,039
Debtors			14	56,595		16,911
Cash at bank and in	hand			160,298		136,441
				219,774		155,391
CREDITORS: amounts	falling due within	one
year			15	(10,040)		(3,661)
NET CURRENT ASSETS					209,734		151,730
NET ASSETS					464,582		300,290
CHARITY FUNDS
Restricted funds			16		154,840		67,204
Unrestricted funds			16		309,742		233,086
TOTAL FUNDS					464,582		300,290

INCOME	F	R	O	M DO	N	A	TIONS, LEGACIES AND GR	ANTS
								Unrestricted	Restricted	Total	Total
								funds	funds	funds	funds
								2023	2023	2023	2022
								E	E	E	E
Legacies								50,000		50,000	15,000
Donations								2,086	4,015	6,101	696
Grants								2„000	140,355	142,355	40,060
Grants -	coronavirus						related		494	494	43,965
								54,086	144,864	198,950	99,721
Total 2022								45,859	53,862	99,721
INCOME	FROM CHARITABLE ACTIVITIES
								Unrestricted	Restricted	Total	Total
								funds	funds	funds	funds
								2023	2023	2023	2022
								E		E	E
Museum	admissions					income		71,207		71,207	30,614
Other museum				income				2,595		2,595	955
								73,802	-	73,802	31,569
Total 2022								31,569	-	31,569
OTHER TRADING ACTIVITIES
								Unrestricted	Restricted	Total	Total
								funds	funds	funds	funds
								2023	2023	2023	2022
								E	E		E
Shop income								8,518		8 518	3 357
Total 2022								3,357	-	3,357
INVESTMENT			INCOME
								Unrestricted	Restricted	Total	Total
								funds	funds	funds	funds
								2023	2023	2023	2022
								E	E	E	E
Investment		income			-	rent		19,170		19,170	19,117
Investment		income			-	listed
investments				and bank			interest	2,867		2,867	3,467
								22,037	-	22,037	22,584
Total 2022								22,584	-	22,584

ANALYSIS OF DIRECT EXPENDITURE	ANALYSIS OF DIRECT EXPENDITURE	ON CHARITABLE	ON CHARITABLE	ACTIVITIES
			Unrestricted		Restricted	2023	2022
				E	E	E	E
Wages and salaries				38,558		38,558	31,225
Premises costs:
Insurances				1,542	494	2,036	2,040
Repairs and maintenance				3,634	1,854	5,488	7,776
Heat and light				3,279		3,279	1,492
Other premises	costs			5,405		5,405	6,518
Opening costs:
Interpretation/conservation				411	26,629	27,040	4,963
Leaflets and advertising				1,522	515	2,037
Guides and other opening costs				4,653	26,693	31,346	3,770
Administration:
Office and other	costs			1,715	1,741	3,456	1,428
Accountancy				1,200		1,200	1,200
Auditors' remuneration				2,640		2,640	2,534
Depreciation				1,427	1,407	2,834	3,469
				65,986	59,333	125,319	66,415
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
		Staff costs	Depreciation		Other costs	Total	Total
		2023		2023	2023	2023	2022
		E		E	E	E	E
Expenditure on raising funds
Shop expenditure					6,082	6,082	2 227
Rental property	costs				2,736	2,736	6,625
					8,818	8,818	8,852
Expenditure on charitable
activities		38,558		2,834	81,287	122,679	63,881
Expenditure on governance					2,640	2,640	2,534
		38,558		2,834	92,745	134,137	75,267
Total 2022		31,225		3,469	40,573	75,267

		Heritage	Fixtures and
		assets	fittings	Total
		E	E	E
COST
At 1 February	2022	44,634	20,841	65,475
Additions		114,000		114,000
At 31 January	2023	158,634	20,841	179,475
DEPRECIATION
At 1 February	2022		18,007	18,007
Charge for the	year		2,834	2,834
At 31 January	2023		20,841	20,841
NET BOOK VALUE
At 31 January	2023	158,634		158,634
At 1 February	2022	44,634	2,834	47,468

for 19Ne	w King Street is inclu	w King Street is inclu	ded in	th	e financi	al state	ments.	ments.
Museum	exhibits (Heritage		assets)	-	Museum	exhibits	purchased		prior to 2013 were written	off as
historic assets on the date		of	purchase.		Since this date		purchases	over E1,000 are capitalised.
										Cost
										E
Heritage	assets acquired	prior to 1		February		2022
Items acquired for display at 19 New					King Street prior		to 2015			18,526
Letters	from Sir Joseph Banks and			Nevil Maskelyne						4,608
Dudley Adams globes										19,000
18th Century guittar										2,500
										44,634
Additions	in year
Caroline	Herschel manuscript								108,000
Caroline	Herschel visitor	book								6,000
Heritage	assets at 31 January 2023								158,634

								Listed
								securities
								E
	MARKET VALUE
	At 1 February	2022						101,092
	Revaluations							(4,878)
	At 31 January	2023						96,214
	INVESTMENTS		AT MARKET VALUE COMPRISE:
							2023	2022
							E	E
	Listed investments						96,214	101,092
	All investments		are held	in units	in the Sarasin Endowment	Fund.
13.	STOCKS
							2023	2022
							E	E
	Goods for resale						2,881	2,039
14.	DEBTORS
							2023	2022
							E	E
	Amounts owed		by group undertakings					13,251
	Trade debtors							230
	Prepayments	and accrued income					56,595	3,430
							56,595	16,911
15.	CREDITORS: AMOUNTS			FALLING	DUE WITHIN ONE YEAR
							2023	2022
							E	E
	Trade creditors						7,340
	Amounts owed		to group undertakings				48
	Other creditors							32
	Accruals and	deferred		income			2,652	3,629
							10,040	3,661

		Balance at					Balance at
		1 February			Transfers	Gains/	31 January
		2022	Income	Expenditure	in/out	(Losses)	2023
		E	E	f.	E	E	f
DESIGNATED FUNDS
Short term maintenance		72,530					72,530
Medium to long term
maintenance		108,556			76,656		185,212
Loss of income		52,000					52,000
		233,086			76,656		309,742
GENERAL FUNDS			158,443	(74,804)	(78,761)	(4,878)
TOTAL UNRESTRICTED FUNDS		233,086	158,443	(74,804)	(2,105)	(4,878)	309,742
RESTRICTED FUNDS
HHT Assets:
Museum Exhibits		23,825	112,015	(120)	2,105		137,825
Display cases		1,164		(1,164)
HHT Funds:
BONES		1,000	2,000	(1,000)			2,000
School visits		700					700
Ernest Cook		864					864
Royal Astronomical	Society	8,954					8,954
William Herschel Society		244		(244)
Spark grant		98					98
NLHF CRF grants			494	(494)
NLHF Herschel 200		30„355	30,355	(56,311)			4,399
		67,204	144,864	(59,333)	2,105		154,840
TOTAL OF FUNDS		300,290	303,307	(134,137)		(4,878)	464,582

		Balance at 1
		February			Transfers	Gains/	Balance at 31
		2021	Income	Expenditure	in/out	(Losses)
		E	E	E	E	E	E
DESIGNATED FUNDS
Short term maintenance		72,530					72,530
Medium to long term
maintenance		54,909			53,647		108,556
Loss of income		43,915			8,085		52,000
		171,354			61,732		233,086
GENERAL FUNDS			103,369	(47,883)	(61,732)	6,246
TOTAL UNRESTRICTED FUNDS		171,354	103,369	(47,883)		6,246	233,086
RESTRICTED FUNDS
HHT Assets:
Museum Exhibits		23,825					23,825
Display cases		2,838		(1,674)			1,164
HHT Funds:
B&NES		1,000					1,000
School visits		700					700
Ernest Cook		864					864
Royal Astronomical	Society	8,974			(20)		8,954
William Herschel Society		244					244
Spark grant		4,359	5,647	(9,908)			98
AIM Collection Care		(2,078)	2,058		20
NLHF CRF grants			15,802	(15,802)
NLHF Herschel 200			30,355				30,355
		40,726	53,862	(27,384)			67,204
TOTAL OF FUNDS		212,080	157,231	(75,267)		6,246	300,290

STATEMEN	STATEMEN	T OF FUNDS (continued)	T OF FUNDS (continued)
SUMMARY		OF FUNDS - CURRENT YEAR
			Balance at					Balance at
			1 February			Transfers	Gains/	31 January
			2022	Income	Expenditure	in/out	(Losses)	2023
			E	E	E	E	E	E
Designated		funds	233,086			76,656		309,742
General	funds			158,443	(74,804)	(78,761)	(4,878)
			233,086	158,443	(74,804)	(2,105)	(4,878)	309,742
Restricted		funds	67,204	144,864	(59,333)	2,105		154,840
			300,290	303,307	(134,137)		(4,878)	464,582
SUMMARY		OF FUNDS - PRIOR YEAR
			Balance at 1
			February			Transfers	Gains/	Balance at 31
			2021	Income	Expenditure	in/out	(Losses)	January 2022
			E	E	E	E	E	E
Designated		funds	171,354			61,732		233,086
General	funds			103,369	(47,883)	(61,732)	6,246
			171,354	103,369	(47,883)		6,246	233,086
Restricted		funds	40,726	53,862	(27,384)			67,204
			212,080	157,231	(75,267)		6,246	300,290

			Unrestricted	Restricted
			funds	funds	Total funds
			2023	2023	2023
			E	E	E
Tangible	fixed assets		20,809	137,825	158,634
Fixed asset investments			96,214		96,214
Current	assets		202,759	17,015	219,774
Creditors	due within	one year	(10,040)		(10,040)
			309,742	154,840	464,582

		Unrestricted	Restricted
		funds	funds	Total funds
		2022	2022	2022
		E	E	E
Tangible	fixed assets	22,108	25,360	47,468
Fixed asset investments		101,092		101,092
Current	assets	113,547	41,844	155,391
Creditors	due within one year	(3,661)		(3,661)
		233,086	67,204	300,290