2023-03-31-accounts

Principal Address:	Dunwich Museum
	St James Street
	Dunwich
	Saxmundham
	Suffolk
	IP17 3DT
Trustees:	Matthew Salusbury (Chairman)
	Katharine Chant (Curator)
	John Cary (Treasurer)
	David Cook
	Susanne Hardy
	Patricia Boechler
	Prof. David Sear
	Caroline Gay Way
Independent Examiners:	Ensors
	Blyth House
	Rendham Road
	Saxmundham
	Suffolk
	IP17 1WA
Bankers:	Barclays
	Waveney Valley
	23 New Market
	Beccles
	NR34 9HD
Solicitors:	Nicholsons
	23 Alexandra Road
	Lowestoft
	NR32 1PP

	Paqe(s)
Trustees’ Annual Report	1-4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8-13

Capital Fund:	Reflects the current value of property and equipment fixed
	assets including any depreciation to date
Fabric Fund	An allowance for future spending on major repairs and capital
	renewals of the building structure and equipment
Future Development Fund An amount set aside for major new developments such as the
	complete refurbishment of the Reading Room and a re-fit of the
	museum at some unspecified future date
Acquisitions Fund	An amount set aside to allow for the purchase of objects
	deemed important to add to the collection.
General Fund	The amount of over-all carried forward surplus which is not
	accounted for in the other funds.

					31 Mar	31 Dec
					2023	2021
		Unrestricted	Designated	Restricted	Total	Total
	Note	£	£	£	£	£
Income from charitable activities	2
Sales:
Shop sales		20,396			20,396	16,701
School visits		366			366	175
TV rights		167			167	164
Miscellaneous income		-			-	52
Reading room hire		682			682	380
Voluntary Income
Donations		18,923			18,923	26,389
Treasure chest		2,548			2,548	-
Grants		2,700		-	2,700	20,430
Gift Aid reclaimable		2,071			2,071	-
Investment income		3,073			3,073	1,991
Total income		50,926	-	-	50,926	66,282
Expenditure on charitable activities	3
Shop costs		11,422			11,422	7,997
Staff and premises costs		28,927		1,650	30,577	30,475
Management and administration		15,256			15,256	8,258
Depreciation	6	335			335	2,180
Total expenditure		55,940	-	1,650	57,590	48,910
Net incoming resources		(5,014)	-	(1,650)	(6,664)	17,372
Transfers
Gross transfers between funds		267		(267)	-	-
Other recognised gains/(losses)	7
Unrealised gains/(losses) on investments		(9,321)	-	-	(9,321)	16,694
Net movement in funds		(14,068)	-	(1,917)	(15,985)	34,066
Total funds brought forward
As at 1 January 2022		56,663	382,246	1,917	440,826	406,760
Total funds carried forward
As at 31 March 2023		42,595	382,246	-	424,841	440,826

As at 31 March 2023
		31-Mar	31-Dec
		2023	2021
	Note	£	£
Fixed Assets
Tangible fixed assets (at NBV)	6	255,239	255,574
Investments	7	115,440	124,761
		370,679	380,335
Current Assets
Stock		6,556	6,762
Debtors and prepayments	8	2,406	2,805
Cash at bank		17,023	28,502
Cash on deposit		30,093	27,021
Cash in hand		80	80
		56,158	65,170
Current Liabilities
Creditors - amounts falling due in one year	9	(1,996)	(4,679)
Net Current Assets		54,162	60,491
Total Net Assets		424,841	440,826
Represented by:
Funds	10
Unrestricted
General reserve		42,595	56,663
Designated
Capital fund		247,246	247,246
Fabric & building repairs fund		25,000	25,000
Future development fund		100,000	100,000
Acquisitions fund		10,000	10,000
Restricted
Heritage Lottery Fund		-	1,917
		424,841	440,826

2 INCOMING RESOURCES	2 INCOMING RESOURCES				31 Mar	31 Dec
					2023	2021
		Unrestricted	Designated Restricted		Total	Total
		£	£	£	£	£
Income from charitable activities
Sales
Shop sales		20,396			20,396	16,701
School visits		366			366	175
TV rights		167			167	164
Miscellaneous income		-			-	52
Reading room hire		682			682	380
		21,611		-	21,611	17,472
Voluntary Income
Donations		16,851			16,851	17,115
Donations eligible for gift aid		2,072			2,072	6,519
Treasure chest		2,548			2,548	-
Grants	DTT	1,500			1,500	9,355
	HLF	-			-	9,500
	Arts Council	-			-	1,575
	Share Museums East	1,200			1,200	-
Gift Aid reclaimable		2,071			2,071	2,755
		26,242		-	26,242	46,819
Investment income
COIF interest		517			517	3
COIF dividends		2,556			2,556	1,988
		3,073		-	3,073	1,991
Total income		50,926		-	50,926	66,282

3 INCOMING RESOURCES				31 Mar	31 Dec
				2023	2021
	Unrestricted	Designated	Restricted	Total	Total
	£	£	£	£	£
Expenditure on charitable activities
Shop costs
Trading shop costs	11,422			11,422	7,997
Distribution shop costs	-			-	402
	11,422	-	-	11,422	8,399
Staff and premises costs
Managers	17,702			17,702	18,283
Business rates	210			210	107
Insurance	1,895			1,895	1,794
Utilities	4,160			4,160	2,390
Cleaning	1,398			1,398	730
Repairs and renewals (Museum)	1,356			1,356	217
Repairs and renewals (Reading Room)	585			585	733
Security and fire prevention	1,621			1,621	618
Exhibitions and activities	-		1,650	1,650	4,774
	28,927	-	1,650	30,577	29,646
Management and administration
Office expenses	1,137			1,137	229
Telehone and internet	496			496	427
Subscriptions	416			416	428
General expenses	-			-	-
Advertising and marketing	1,367			1,367	374
Archive and curatorial expenses	1,402			1,402	122
Bookkeeping fees	660			660	600
Independent examination fee	675			675	-
Professional fees	9,103			9,103	6,505
	15,256	-	-	15,256	8,685
Depreciation
Depreciation	335			335	2,180
	335	-	-	335	2,180
Total expenditure	55,940	-	1,650	57,590	48,910

6 TANGIBLE FIXED ASSETS
		Museum	Plant &	Fixtures &
	Buildings	contents	machinery	fittings	Total
	£	£	£	£	£
Cost
At 1 January 2022 and 31 March 2023	203,801	80,000	1,908	1,183	286,892
Depreciation
At 1 January 2022	28,823	-	1,312	1,183	31,318
Charged in year	-	-	335	-	335
At 31 March 2023	28,823	-	1,647	1,183	31,653
Net book value
At 31 March 2023	174,978	80,000	261		255,239
At 31 December 2021	174,978	80,000	596		255,574
7 FIXED ASSET INVESTMENTS

7 FIXED ASSET INVESTMENTS
	COIF	COIF
	Income	Accumulation
	Shares	Shares	Total
	£	£	£
Market value
At 1 January 2022	77,193	47,568	124,761
Additions	-	-	-
Disposals	-	-	-
Net gain/loss on annual revaluation	(6,767)	(2,554)	(9,321)
At 31 March 2023	70,426	45,014	115,440

8 DEBTORS
	Unrestricted	Restricted
	Funds	Funds	Total
	2022	2022	2022	2021
	£	£	£	£
Gift Aid pending	2,071		2,071	2,755
Prepayments	335		335	50
	2,406		2,406	2,805

9 CREDITORS
	Unrestricted	Restricted
	Funds	Funds	Total
	2022	2022	2022	2021
	£	£	£	£
Trade creditors	1,321	-	1,321	4,679
Accrued expenses	675	-	675	-
	1,996	-	1,996	4,679
10 MOVEMENT IN FUNDS
	Balance			Balance
	b/fwd	Net		c/fwd
	01.01.2022	movements	Transfers	31.03.2023
	£	£	£	£
Unrestricted funds
General Reserve	56,663	(14,335)	267	42,595
Capital Fund	247,246	-	-	247,246
Fabric & Building Repairs Fund	25,000	-	-	25,000
Future Development Fund	100,000	-	-	100,000
Acquisitions Fund	10,000	-	-	10,000
	438,909	(14,335)	267	424,841
Restricted Funds
HLF Fund	1,917	(1,650)	(267)	-
	1,917	(1,650)	-	-
TOTAL FUNDS	440,826	(15,985)	-	424,841
Net movement in funds, included in the above are as follows:-
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General Reserve	50,926	55,940	(9,321)	(14,335)
Capital Fund	-	-	-	-
Fabric & Building Repairs Fund	-	-	-	-
Future Development Fund	-	-	-	-
Acquisitions Fund	-	-	-	-
	50,926	55,940	(9,321)	(14,335)
Restricted Funds
HLF Fund	-	1,650	-	(1,650)
	-	1,650	-	(1,650)

	Tangible	Fixed	Net	Total	Total
	Fixed	Asset	Current	Funds	Funds
	Assets	Investments	Assets	31.03.2023	31.12.2021
	£	£	£	£	£
Unrestricted Funds
General Reserve	7,993	7,373	27,229	42,595	56,663
Designated Funds
Capital Fund	247,246			247,246	247,246
Fabric & Building Repairs Fund			25,000	25,000	25,000
Future Development Fund		100,000		100,000	100,000
Acquisitions Fund		8,067	1,933	10,000	10,000
	255,239	115,440	54,162	424,841	438,909
Restricted Funds
HLF Fund					1,917
	-	-	-	-	1,917
TOTAL FUNDS	255,239	115,440	54,162	424,841	440,826