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





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||||Unrestricted|Restricted||Total|
|---|---|---|---|---|---|---|
||||funds|funds|Total funds|funds|
||||2023|2023|2023|2022|
|||Note|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM:||||||
|Donations,<br>legacies and grants|||54,086|144,864|198,950|99,721|
|Charitable<br>activities|||73,802||73,802|31,569|
|Other trading<br>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<br>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)<br>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<br>IN FUNDS|||76,656|87,636|164,292|88,210|
|RECONCILIATION<br>OF FUNDS:|||||||
|Total funds<br>brought<br>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<br>funds|||16||154,840||67,204|
|Unrestricted<br>funds|||16||309,742||233,086|
|TOTAL FUNDS|||||464,582||300,290|





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|INCOME|F|R|O|M DO|N|A|TIONS,<br>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<br>-|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||



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|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<br>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<br>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'<br>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<br>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<br>on charitable||||||||
|activities||38,558||2,834|81,287|122,679|63,881|
|Expenditure<br>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||



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|||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<br>in|th|e financi|al state|ments.|ments.|||
|---|---|---|---|---|---|---|---|---|---|---|
|Museum|exhibits<br>(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<br>for display at 19 New|||||King Street prior||to 2015|||18,526|
|Letters|from Sir Joseph Banks and|||Nevil Maskelyne||||||4,608|
|Dudley Adams<br>globes||||||||||19,000|
|18th Century guittar||||||||||2,500|
|||||||||||44,634|
|Additions|in year||||||||||
|Caroline|Herschel<br>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<br>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<br>owed||to group undertakings||||48||
||Other creditors|||||||32|
||Accruals<br>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<br>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<br>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|





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|||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<br>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<br>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<br>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|





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|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|



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||||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|





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|||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|



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