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2022-12-31-accounts

REGISTERED COMPANY NUMBER: 01931454 (England and Wales) REGISTERED CHARITY NUMBER: 298647

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

DEAN HERITAGE MUSEUM TRUST

Centora Ltd Jury Farm, Ripley Lane West Horsley KT24 6JT

DEAN HERITAGE MUSEUM TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Report of the Trustees 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19
Detailed Statement of Financial Activities 20 to 21

Page 2

Dean Heritage Centre A company limited by guarantee

Dean Heritage Centre Trustees report for year ending 31 December 2022.

Summary

The Dean Heritage Centre (DHC) is an accredited museum located in the historic Forest of Dean, but we are far more than just a museum. The building itself has had more than six different uses over a 400-year period, beginning life as an iron forge to support the iron ore mining activity which has been a part of the area since 500BC. It now houses a collection of over 20,000 items, all relating to the rich cultural history of the area.

In 1979 Forest of Dean Rotary Club instigated the formation of the Dean Heritage Museum Trust, in recognition that the unique cultural heritage of the area was being lost. In 1983 the building at Camp Mill was entrusted to the local council for use by the Trust to open a museum to house the collection and provide information and enjoyment to visitors wishing to understand more about the area. The stated aims of the Charity are to provide a local museum with articles and stories from the local area and provide education about all aspects of the Forest of Dean, it’s history, geology flora and fauna. We also now house a local area reference library housing thousands of maps, pamphlets and pictures and are the depositary for local archaeological finds.

In addition to welcoming 20,000 visitors each year, the DHC also hosts a number of school groups (2,000 children) through a programme of interactive learning days which are linked to different aspects of the National Curriculum. Through the school holidays children can take part in practical activities and workshops covering a wide variety of topics. Our chainsaw carvers operate at one end of the site – rather unique skills to watch.

Since 2018 the onsite Café has been taken in house and now runs directly for the benefit of the DHC.

The Dean Heritage Centre provides

Page 3

2022 Report

2022 began with some essential anti-flooding work being carried out in the shop and gallery 1. An additional office was also constructed, which gave more, much needed, working space.

----- Start of picture text -----
Museum and Cafe
----- End of picture text -----

2022 also saw, at last, the back of the Covid lockdowns and a return to the normality at the DHC. Unfortunately, normality implies the continuing challenge of ensuring that our income covers our expenditure. Fortunately, Mark George has accessed support grants that make the accounts look surprisingly healthy, considering how much disruption two years of lockdowns brought.

As always, we remain optimistic and have held a couple of strategy meetings to look forwards and make plans for how we can develop the DHC into one of the best museums in the region. As is the case with strategy meetings we evaluated our purpose and clarified our vision. I have always felt that the best mission statements are those that are simple and memorable, which is why we decided that our mission is to Tell the Story of the Forest of Dean. To do this we intend to make some significant developments, which we know will stretch Mark’s undoubted ability to find grants to its limit. However, we are all very aware that we must develop, as the expectations of our audience change. So, over the next year we will be contracting in professional support to ensure that we develop along an appropriate pathway, towards our vision of being the best museum in the region.

The Board lost Sue Dudley as a Trustee this year, thankfully, we have gained a replacement in Emma Skelton. Emma is a secondary History teacher and despite the pressures of being a new mother, has offered to donate her time and education experience to support the DHC.

Alison gave up the Chair’s position last year and the meeting were rightly pleased that she chose to stay as a Trustee. I have been especially pleased that she remained on the Board and has been available to work with Nick and Mark to introduce some order into the management of the finances.

It is worth pointed out that I am the only Board member who is not in full time work. All the other Board members volunteer their time and expertise, despite the demands of work and family. We are currently advertising to recruit another member of the Board who could offer marketing experience. I feel that otherwise we have a good balance of skills, knowledge and experience on the Board, but more importantly a desire to make a difference at the DHC.

With Mark now firmly at the helm, we have been able to start tackling the tasks that were overshadowed by the immediacy of the various crises over the past years. We have also been able to spend time considering a longer view of the future of the DHC. These plans have also been given a huge boost by an unexpected legacy from Mr Guy Voyce, who passed away in 2021. As you will be aware Guy Voyce’s 17th Century relative created many of the clocks that are on display in the museum and although he did not live in the Forest, he was very aware of his Forest roots.

Anyone who has visited the Coffee Shop will have seen how Shelley and her team have created a wonderful environment for relaxing, as well as some tasty meals. The Coffee Shop has regular visitors who are always greeted with a cheery smile. The shop has always seen improvements with Matthew’s efforts and attention.

Iain Baird Chair of the Board of Trustees

Page 4

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01931454 (England and Wales)

Registered Charity number 298647

Registered office

Dean Heritage Centre Camp Mill Soudley Cinderford Gloucestershire GL14 2UB

Trustees

Mr R I Baird Education Consultant Mrs A J Breton Company Director Mr T F Cotterell Senior Curator Ms S M Dudley Marketing Consultant (resigned 21.4.22) Ms A Hill Volunteer Coordinator (resigned 21.4.22) Mr P A Smith Commercial Director Mr N Goodison Finance Director Mr S P Greenway (appointed 19.5.22) (resigned 12.8.22) Mrs E J Skelton Teacher (appointed 21.7.22)

Company Secretary

Mr T F Cotterell

Independent Examiner

Centora Ltd Jury Farm, Ripley Lane West Horsley KT24 6JT SIGNED SECURELY

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 28/09/2023 at 4:09:59 PM UTC

SIGNED SECURELY

................................................................................. 28/09/2023 at 4:09:59 PM UTC Mrs A J Breton - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEAN HERITAGE MUSEUM TRUST

Independent examiner's report to the trustees of Dean Heritage Museum Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

K D N De Silva

Centora Ltd Jury Farm, Ripley Lane West Horsley KT24 6JT

Date: .............................................

Page 6

DEAN HERITAGE MUSEUM TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

31.12.22 31.12.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 303,774 - 303,774 11,148
Charitable activities 5
Operation of heritage centre - 4,000 4,000 194,931
Admissions & Season Tickets 60,767 - 60,767 44,656
ACE Resilience 12,605 - 12,605 -
AIM Sustainability - 3,423 3,423 -
Other trading activities 3 164,195 - 164,195 104,331
Investment income 4 192 - 192 3
Other income 5,879 - 5,879 852
Total 547,412 7,423 554,835 355,921
EXPENDITURE ON
Raising funds 58,110 - 58,110 43,386
Charitable activities 6
Operation of heritage centre 105,637 20,983 126,620 80,166
Direct Costs 12,709 - 12,709 2,089
Staff Costs 172,813 65 172,878 129,352
AIM Sustainability - 3,423 3,423 -
Total 349,269 24,471 373,740 254,993
NET INCOME/(EXPENDITURE) 198,143 (17,048) 181,095 100,928
RECONCILIATION OF FUNDS
Total funds brought forward 51,206 370,543 421,749 320,821
TOTAL FUNDS CARRIED FORWARD 249,349 353,495 602,844 421,749

The notes form part of these financial statements

Page 7

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
11
Heritage assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
Designated funds
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
3,534
-
500,000
503,534
5,409
1,186
273,249
279,844
(21,946)
(500,000)
(242,102)
261,432
(12,083)
249,349		 Restricted
funds
£
324,782
2,971
-
327,753
-
-
25,742
25,742
-
25,742
353,495
-
353,495		 31.12.22
Total
funds
£
328,316
2,971
500,000
831,287
5,409
1,186
298,993
305,588
(21,948)
(500,000)
(216,360)
614,927
(12,083)
602,844		 31.12.21
Total
funds
£
338,176
2,971
-
341,147
4,058
881
119,307
124,246
(26,561)
97,685
438,832
(17,083)
421,749
51,206
370,543
421,749
249,349
353,495
602,844

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET - continued

31 DECEMBER 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. SIGNED SECURELY

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were 28/09/2023 at 4:09:59 PM UTC signed on its behalf by:

SIGNED SECURELY

............................................. 28/09/2023 at 4:09:59 PM UTC Mrs A J Breton - Trustee

The notes form part of these financial statements

Page 9

DEAN HERITAGE MUSEUM TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

31.12.22 31.12.21
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 681,677 103,542
Net cash provided by operating activities 681,677 103,542
Cash flows from investing activities
Purchase of tangible fixed assets (2,183) (725)
Purchase of fixed asset investments (500,000) -
Interest received 192 3
Net cash (used in)/provided by investing activities (501,991) (722)
Change in cash and cash equivalents in the
reporting period 179,686 102,820
Cash and cash equivalents at the beginning of the
reporting period 119,307 16,487
Cash and cash equivalents at the end of the
reporting period 298,993 119,307

The notes form part of these financial statements

Page 10

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.22 31.12.21
£ £
Net income for the reporting period (as per the Statement of Financial Activities) 181,095 100,928
Adjustments for:
Profit on disposal of fixed assets - (479)
Interest received (192) (3)
(Increase)/decrease in stocks (1,351) 801
(Increase)/decrease in debtors (305) 679
Increase/(decrease) in creditors 502,430 1,616
Net cash provided by operations 681,677 103,542

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.22 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank and in hand 119,307 179,686 298,993
119,307 179,686 298,993
Debt
Debts falling due within 1 year (10,983) 5,983 (5,000)
Debts falling due after 1 year (17,083) 5,000 (12,083)
(28,066) 10,983 (17,083)
Total 91,241 190,669 281,910

The notes form part of these financial statements

Page 11

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 10% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31.12.22 31.12.21
£ £
Gifts 17,573 11,148
Legacies 286,201 -
303,774 11,148

continued...

Page 12

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2022

3. OTHER TRADING ACTIVITIES

3. OTHER TRADING ACTIVITIES
31.12.22 31.12.21
£ £
Shop income 32,416 20,911
Café sales 100,119 65,610
Other sales 31,660 17,487
Premises hire - 323
164,195 104,331
4. INVESTMENT INCOME
31.12.22 31.12.21
£ £
Deposit account interest 192 3
5. INCOME FROM CHARITABLE ACTIVITIES
31.12.22 31.12.21
Activity £ £
Grants Operation of heritage centre 4,000 159,770
HMRC JRS Grant Operation of heritage centre - 35,161
Admissions Admissions & Season Tickets 60,611 44,656
Activities & courses Admissions & Season Tickets 156 -
Grants ACE Resilience 12,605 -
Grants AIM Sustainability 3,423 -
80,795 239,587
6. CHARITABLE ACTIVITIES COSTS
31.12.22 31.12.21
£ £
Operation of heritage centre 126,620 80,166
Direct Costs 12,709 2,089
Staff Costs 172,878 129,352
AIM Sustainability 3,423 -
315,630 211,607
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.22 31.12.21
£ £
Depreciation - owned assets 12,043 12,808
Surplus on disposal of fixed assets - (479)

continued...

Page 13

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

9. STAFF COSTS

STAFF COSTS
31.12.22 31.12.21
£ £
Wages and salaries 168,121 127,151
Social security costs 2,518 528
Other pension costs 2,174 1,673
172,813 129,352
The average monthly number of employees during the year was as follows:
31.12.22 31.12.21
Employees 22 16

No employees received emoluments in excess of £60,000.

continued...

Page 14

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,147
1
Charitable activities
Operation of heritage centre
153,131
41,800
Admissions & Season Tickets
44,656
-
Other trading activities
104,331
-
Investment income
3
-
Other income
373
479
Total
313,641
42,280
EXPENDITURE ON
Raising funds
43,386
-
Charitable activities
Operation of heritage centre
67,359
12,807
Direct Costs
2,089
-
Staff Costs
129,352
-
Total
242,186
12,807
NET INCOME
71,455
29,473
RECONCILIATION OF FUNDS
Total funds brought forward
(20,249)
341,070
TOTAL FUNDS CARRIED FORWARD
51,206
370,543		 Total
funds
£
11,148
194,931
44,656
104,331
3
852
355,921
43,386
80,166
2,089
129,352
254,993
100,928
320,821
421,749

continued...

Page 15

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

11. TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
12.
HERITAGE ASSETS
MARKET VALUE
At 1 January 2022 and 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
13.
FIXED ASSET INVESTMENTS
Investments (neither listed nor unlisted) were as follows:
Fixed rate bonds
There were no investment assets outside the UK.		 Fixtures
Freehold
Plant and
and
property
machinery
fittings
Totals
£
£
£
£
495,378
27,144
176,223
698,745
-
-
2,183
2,183
495,378
27,144
178,406
700,928
169,090
25,689
165,790
360,569
9,737
625
1,681
12,043
178,827
26,314
167,471
372,612
316,551
830
10,935
328,316
326,288
1,455
10,433
338,176
Total
£
2,971
2,971
2,971
31.12.22
31.12.21
£
£
500,000
-		 Totals
£
698,745
2,183
700,928
360,569
12,043
372,612
328,316
338,176

continued...

Page 16

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

14. STOCKS
31.12.22 31.12.21
£ £
Finished goods 5,409 4,058
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£ £
Trade debtors 983 235
Other debtors 203 646
1,186 881
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£ £
Other loans (see note 18) 5,000 10,983
Trade creditors 5,864 5,213
Social security and other taxes 1,813 1,794
Pensions payable 555 507
VAT 4,633 5,064
Wages payable 77 -
Credit card 806 -
Accruals and deferred income 500,000 -
Accrued expenses 3,200 3,000
521,948 26,561
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£ £
Other loans (see note 18) 12,083 17,083
18. LOANS
An analysis of the maturity of loans is given below:
31.12.22 31.12.21
£ £
Amounts falling due within one year on demand:
CAF loan - 5,983
Bounce Back Loan 5,000 5,000
5,000 10,983
Amounts falling due between two and five years:
Bounce Back Loan 12,083 17,083

continued...

Page 17

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

19. MOVEMENT IN FUNDS

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
51,206
198,143
249,349
370,543
(17,048)
353,495
421,749
181,095
602,844
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
547,413
(349,270)
198,143
7,422
(24,470)
(17,048)
554,835
(373,740)
181,095
Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
(20,249)
71,455
51,206
341,070
29,473
370,543
320,821
100,928
421,749

continued...

Page 18

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
313,641
(242,186)
71,455
42,280
(12,807)
29,473
355,921
(254,993)
100,928		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
313,641
(242,186)
71,455
42,280
(12,807)
29,473
355,921
(254,993)
100,928
100,928

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Net
movement
At
At 1.1.21
in funds
31.12.22
£
£
£
(20,249)
269,598
249,349
341,070
12,425
353,495
320,821
282,023
602,844		 Net
movement
At
At 1.1.21
in funds
31.12.22
£
£
£
(20,249)
269,598
249,349
341,070
12,425
353,495
320,821
282,023
602,844
602,844

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
861,054
(591,456)
269,598
49,702
(37,277)
12,425
910,756
(628,733)
282,023		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
861,054
(591,456)
269,598
49,702
(37,277)
12,425
910,756
(628,733)
282,023
282,023

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

21. DESIGNATED FUNDS: VOYCE LEGACY

The Trustees have designated the balance of the Voyce legacy for museum improvements over the medium to long term.

Page 19

DEAN HERITAGE MUSEUM TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
31.12.22 31.12.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 17,573 11,148
Legacies 286,201 -
303,774 11,148
Other trading activities
Shop income 32,416 20,911
Café sales 100,119 65,610
Other sales 31,660 17,487
Premises hire - 323
164,195 104,331
Investment income
Deposit account interest 192 3
Charitable activities
Grants 20,028 159,770
Admissions 60,611 44,656
HMRC JRS Grant - 35,161
Activities & courses 156 -
80,795 239,587
Other income
Gain on sale of tangible fixed assets - 479
Electricity income 5,879 -
General fundraising - 373
5,879 852
Total incoming resources 554,835 355,921
EXPENDITURE
Other trading activities
Opening stock 4,058 4,859
Purchases 59,426 42,585
Bad debts 35 -
Closing stock (5,409) (4,058)
58,110 43,386

This page does not form part of the statutory financial statements

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DEAN HERITAGE MUSEUM TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
31.12.22 31.12.21
£ £
Charitable activities
Wages 168,121 127,151
Social security 2,518 528
Pensions 2,174 1,673
Direct costs 12,709 2,089
Support costs 130,108 80,166
315,630 211,607
Total resources expended 373,740 254,993
Net income 181,095 100,928

This page does not form part of the statutory financial statements

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