2022-03-31-accounts - Museum Of Cambridge

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STMARCH 2022
CONTENTS AND CHARITY INFORMATION
CONTENTS:
	PAGE:
Report ofthe Trustees	I-7
Independent Examiners Report
Statement ofFinancial Activities
Balance Sheet	10
Statement ofCash Flows
Notes tothe Financial Statemenut	12-19
These pages do not form part ofthe Statutory Financial Statements
Deimled Statement ofFinancial Activities	20-21

CURRENT TRUSTEES:	LMWalker (Chair)
	M Lowe
	MJHarm
	RGLilley
	SPage
	RJobbins (Treasurer)
	EMorgan
	LAstill
COMPANY REGISTRATION NUMBER:	412205
CHAIUTY REGISTRATION NUMBER:	311309
REGISTERED OFFICE:	2/3 Castle Street
	Cambridge
	CB3OAQ
INDEPENDENT EXAMINERS:	Ian W Shipley FCCA
	For snd on behalf of:
	Prentis th CoLLP
	Chartered Accountants	and Independent	Examiners
	115cMilton Road
	Cambridge
	CB4IXE
BANKERS:	Lloyds Bank
	3Sidney Street
	Cambridge
	CB23HQ

				i	[l)		P	$5
	O	SI0 [)					cP 8 iS, Ill O' g M )5	9.-04 5.gÃ g
					O	) 4
						hJo III
						I		O tll g, g
						4	M	M
								M
							J
						OI	OI
			lO OI			O
			UI
				o		Oi
		CIo		tn fJI
								O
Ol h)		Wo o		"o4 o Vl O

!2
		ldtldt70	Iddr003
	,	170,021	IORIttd
13		IIIUNO
14		'52,775
		ITIVI21

						Note	2022	2021
								'8
Cash (used in)/provided by		operating		activities		16	(37,226)	22,889
Cash flows flom investing		activities
Interest income							9	187
Net additions and	disposal	of	tangible fixed assets				(997)	(6,968)
Cash (used in)/provided by		investing		activities			(988)	(6,781)
(Decrease)/Increase	in cash	and	cash	equivalents	in the year		(38,214)	16,108
Total cash and cash	equivalents		st the	beginning	ofthe year		89,804	73,696
Total cash and cash	equivalents		atthe	end ofthe	year		51,590	89,804

DONATIONS AND L	EGACIES
		Umusfricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Ponds	Funds	Funds	Funds	Punds
		2022	2022	2022	2021	2021	2021
				6	8	8
Gitls		24,113	3,000	27,113	28,284		28,284
INCOME FROM CHARITABLE		ACTIVITIES
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		2022	2022	2022	2021	2021	2021
		8			8	8
Income and Grants:
Cmnbridge City Council ACC	(Restmt)		12,000	12,000	41,057 35,000	44,600	85,657 35,000
AIM Pilgrim's Trust			3,646	3,646
Amey Cespa Grant			15,360	15,360
Cultural Recovery Fund	(ACE)		29,505	29,505
Cause		6,304		6,304
Museum Making (CCC)			35,000	35,000
Museum Making (NLHF)		3,010	106,463	109,473
National Heritage						19,204	19,204
SHARE - Collections Rstlonslissticc SHARE - Fundrsi slag Network		Grant	1,693 1,000	1,693 1,000		2,700	2,700
SHARE - Small Qrssts Scheme			460	460
Museum and Shop:
Cambridge County Council						550	550
Shop snd food sales		11,5$6		11,586	1,534		1,534
Admissions Lectures, school trips and events		8,6$5 1,712		$,685 1,712	3,733 861		3,733 861
Other income, including	hire	234		234	195		195
		31,531	205,127	236,658	82,380	67,054	149,434

4.	INVESTMENT INCOME	INVESTMENT INCOME	Total		Total
			Unrestricted		Unrestricted
			Funds		Funds
			2022		2021
	Bank interest		9		187
5tc	EXPENDITURE - CURRENT YEAR		Costs of
			Raising	Charitable	Total
			Funth	Activities	2022
	Purchases Staffcosts Pmmises costs (including Administmtion Depreciation and loss on	maintenance) disposal	3,672	146,231 50,075 49,819 5,457	3,672 146,231 50,075 49,819 5,457
			3,672	251,582	255&254

as follows:			, sup	or gov	ace
			Direct
			Charitable	Support	Governance	Total
			Costs	Costs	Costs	2022
						f,
Staffcosts Premises costs (including Administration Depreciation aud loss on		maintenance) disposal	146,231 50,075	4$,607 5,457	1,212	146,231 50,075 49,$19 5,457
			196,306	54,064	1,212	251,582
EXPENDITURE - PRIOR YEAR				Costs of
				Raising	Charitable	Total
				Punds	Activities	2021
Purchases Staffcosts Premises costs Administration Depreciation	(including	maintenance)		3,367	68,305 45,243 25,631 3,871	3,367 68,305 45,243 25,631 3,871
				3,367	143,050	146,417

Charitable actIvities are ibrther analysed as follows:	Charitable actIvities are ibrther analysed as follows:	between direct charitable	between direct charitable	activities, support	and governance costs	and governance costs	and governance costs
				Dimet
				Charitable	Support	Governance		Total
				Costs	Costs		Costs	2021
					6
Staffcosts Premises costa (including maintenance) Administradon Depreciation				68,305 45,243	23,988 3,871		1,643	68,305 45,243 25,631 3,871
				113,548	27,859		1,643	143,050
NET (EXPENDITURE)/INCOME	POR	THE YEAR					2022	2021
This is stated after charging:							6
Depreciation and loss on disposal Independent examiners fees							5,457 1412	3,871 1,648
STAFF COSTSAND NUMBERS							2022	2021
Total staff costs were as follows:
Wages and salaries Social security costs							138,298 7,933	66,846 1,459
							146,231	68,305
No employee received emolumetrts	ofmore than 860000.
The average number ofemployees	during	the year, calculated	on the	basis offull-time	equivalents		was as
ollows:
							2022	2021
							Number	Number
dministrative and curatorial staff								4

10a	TANGIBLE FIXBDASSETS-CURRENT YEAR	Heritage Asset:	Heritage Asset:
	COST	Equipment f	Painting f	Total f
	At Ist April 2021 Additions Disposal	42,804 1,931 (4,224)	46,000	88,804 1,931 (4,224)
	At 31stMarch 2022	40,511	46,000	86,511
	DEPRECIATION
	At 1stApril 2021 Charge for the year	35,402 3223		35,402 3 223
	Eliminated on disposal	(1,056)		(1,056)
	At 31stMarch 2022	37,569		37,569
	NET BOOKVALUE
	31STMARCH2022	2,942	46,000	48,942
lob.	TANGIBLB FIXEDASSETS-PIUOR YEAR	Heritage Asset:
	COST	Equipment f	Painting f	Totalf
	At 1stApril 2020 Additions	35,836 6,968	46,000	81,836 6,968
	At 31stMarch 2021	42,804	46,000	88,804
	DEPRECIATION
	At 1stApril 2020 Charge for the year	31,531 3,871		31,531 3,871
	At31stMarch 2021	35)402		35,402
	NET BOOKVALUB
	31STMARCH 2021	7,402	46,000	53,402
	DEBTORS		2022	2021
			f
	Trade debtom Other debtors Accrued income		61,221 3,609 8,873	14,410 2,137 6,000
			73,703	22,547
2.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		2022	2021
			f,	f
	Trade creditors Other creditors and accruals		3,696 4,112	3,366 4,308
			7,808	7,674

13a.	MOVEMENT IN UNRESTRICTED FUNDS	MOVEMENT IN UNRESTRICTED FUNDS	MOVEMENT IN UNRESTRICTED FUNDS
	CURRENT YEAR			Balance at				Balance at
				1stApril				31stMarch
				2021	Income	Expenditure	Transfer	2022
				8	8	8	8	6
	General fund			99,792	55,653	(51,227)	13,828	118,046
13b.	MOVEMENT IN UNRESTRICTED		FUNDS
	PRIOR YEAR				Balance at			Balance at
					1stApril			31stMarch
					2020	Income	Expenditure	2021
	General fund				84,807	110,851	(95,866)	g 99,792
14a.	MOVBMENT IN RESTRICTED FUNDS -CURRENT YEAR
				Balance at				Balance at
				1stApril				31st Maroh
				2021	Income	Expenditure	Transfer	2022
					6
	Painting Fund AIM Pilgrims Ttttst Collections Grant Allan Brigham Fund Amey Cespa Cultural Recovery Fund SHARE - Cogections Rationalisation SHARE - Fundraising ¹tvrork SHARE - Small Grants Scheme Museum Making (CCC) Museum Making (NLHF) Museum ofYou (CCC) Restart Grant (CCC)		and Care Audit Grant	46,000 1,632 408 14,463	3,646 3,000 15,360 29,505 1,693 1,000 460 35,000 106,463 12,000	(1,368) (15,360) (29,352) (3,325) (830) (460) (34,988) (106,344) (12,000)	(153) 800 (12) (14,463)	46,000 2,278 3,000 970 527
				62,503	208,127	(204,027)	(13,828)	52,775
4b.	MOVEMENT IN RESTRICTED	FUNDS -PRIOR YEAR
				Balance at				Balance at
					1stApril			31stMarch
					2020	Income Expenditure		2021
					8		8
Painting Fund SHARE Fourth StReport Museum Making Museum ofYou					46,000	3,250 9,600 19,204 35,000	(1,618) (9,600) (18,796) (20,537)	46,000 1,632 408 14,463
					46,000	67,054	(50,551)	62,503

14.	RESTRICTED FUNDS - continued
	Allan Brighsm Fund; A legacy received to deliver aproject relatmg to Castle Hill,
	Am ay Cespa Grant: A grant received to undertake extensive repairs to the roofofthe Enid Porter Building. SHARE Collections Rationalisation Grant: A grant received to undertake training in the management ofhazards in collections and the purchase ofarchive-quality boxes for the storage ofcollection items.
	SHARE Fundraising Network (Various Funders): The Museum ofCambridge's Development Manager is chair ofthe SHARE Museums East Fun draising Network which organises tnuning and networking for fundraising professionals in the sector.
	SHARE Small Grants Scheme: A number ofsmell grants, aimed at improving tbe Museum's Imancial reportin, strengther its marketing eilorts and supportin volunteers.
	Cultural Recovery Pund (Arts Council England): A grant received to support the organisation through the pandemic. Museum Making (National Lottery Heritage Pund): A two-year, extended to three-year grant to explore the potential fuhu'e and audiences for the Museum, deliver extensive progrsmmmg and outreach across the region, and undertak an options appraisaL for future development.
	Museum Making (CCC): A twelve month grant fmm Cambridge City Council to support Museum Making programme ofactivities.
	Museum ofYou (CCC): A twelve month community grant from Cambridge City Council for Community engagement activities linking the Museum with Cambridge residents, with aparticular focus on providing access to cultural
	resources in underprivileged areas. The transfer showing in the accounts represents the delayed allocation ofexpenditure in the previous Financial Year.
	Restart Grant (CCC): A one-off grant distributed through the Cambridge City Council to support businesses toreopen safely, as Covid-19 restrictions wore Sited.

RECONCILIATION OFNETMOVEMENT iN FUNDS TONBTCASH FLOW FROM OPERATING	RECONCILIATION OFNETMOVEMENT iN FUNDS TONBTCASH FLOW FROM OPERATING	RECONCILIATION OFNETMOVEMENT iN FUNDS TONBTCASH FLOW FROM OPERATING
ACTIVITIES		2022	2021
Net (expenditure)/income Add back depreciation charges and Deduct interest shown as investing Decrease/(Increase) in debtors	loss on disposal activities	8,526 5,457 (9) (51,156)	31,488 3,871 (187) (18,146)
Decrease/(Increase) in stock		(178)	1,487
(Decrease)/increase in creditors		134	4376
NET CASH PROVIDED BY/(USBD IN)
OPERATING ACTIVITIBS		(37,226)	22,889

	and Buildings
	2022	2021
Expiry date:	6
In less than one year		5,983

DETAILED STATEM	EN	T OF FINANCIAL ACTIVIT	IES
				Total	Total
				Funds	Funds
				2022	2021
					6
INCOME
Income 0'om donations	and legacies
Gifts and donations				27,113	28,284
Income from charitable	activities - operation ofMuseum		and shop
Shop income (including		food)		11,586	1,534
Admissions				8,685	3 733
Other income				234	195
Income fiom charitable	activities - other
Grants				214,441	143,111
Events, lectures, school		trips and fees		1,712	861
Investment income
Bank interest				9	187
TOTAL INCOME				263,780	177,905
EXPENDITURE
Costs ofraising funds
Shop purchases				3,672
Charitable acdvities
Wages and salaries				138,298	66,846
Employers NIC				7,933	1,459
Other salary costs				4,143	1,732
Consultancy costs				5,885
Rent aud rates				475	25,132
Light and heat				6,438	4,456
Repahs and maintenance		and storage		43,162	14,510
Insuumce				3,417	3,218
Motor and travel costs				98
Telephone and internet				2,385	340
Office expenses				7,278 '	2,574
Advertising				13,469	1,606
Education, exhibitions	and project costs			4,615	12,448
Subscriptions				2,935	986
Bank charges				1,386	1,043
Tmmmg				1,089
Miscellaneous					1,187
Depreciation				3.223	3,871
Accountancy fees				3,]19	1,642
Loss on disposal				2,234
TOTAL EXPENDITURE				255,254	146,417
NET SURPLUS				8,526	31,488