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|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|





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||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|





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|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.|



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||||||**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**|





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|**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|



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|**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|



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|**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|





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|**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|