## ## |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|0|$5| |---|---|---|---|---|---|---|---|---|---| ||O|SI0
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Vl O|||||| ## |!2|TctRtd|||TAN|| |---|---|---|---|---|---| ||||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|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.| ## ## ## ## ## |16.|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| ## ||Land|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|