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||||Page No.|
|---|---|---|---|
|Report ofthe Trustees|||1-8|
|Independent
Examiner's||Report||
|Statement ofFinancial|Activities incorporating||10-11|
|Income and Expenditure||Account||
|Balance Sheet|||12-13|
|Notes to the Financial|Statements||14-21|
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|||||2022||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
|||Notes|Funds|Funds|Funds|
|Income||2||||
|From Generated
Funds||||||
|Donations|||116,717|30,226|146,943|
|From Charitable
Activities||||||
|Operation ofa Museum|for the|||||
|purposes ofeducation,|research and|||||
|enjoyment|||138,574||138,574|
|Investment
Income|||640||640|
|Total Income|||255,931|30,226|286,157|
|Resources Expended||||||
|Costs ofRaising Funds||3.1|39,797||39,797|
|Charitable
Activities||3.2|287,739|30,226|317,965|
|Total Resources Expended|||327,536|30,226|357,762|
|Net Income 1(Expenditure)||||||
|for the year||4.1|(71,605)||(71,605)|
|Transfers
between
funds||||||
|Net Movement
in Funds|||71,605||71,605|
|Total Funds brought
forward|||2,020,086|306,772|2,326,858|
|Total Funds carried forward|||1,948,481|306,772|2,255,253|
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|||||2021||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
|||Notes|Funds|Funds|Funds|
|Income||2||||
|From Generated
Funds||||||
|Donations|||170,348|107,280|277,628|
|From Charitable
Activities||||||
|Operation ofa Museum|for the|||||
|purposes ofeducation,|research and|||||
|enjoyment|||64,305||64,305|
|Investment
Income|||20||20|
|Total Income|||234,673|107,280|341,953|
|Resources Expended||||||
|Costs ofRaising Funds||3.1|22,643||22,643|
|Charitable
Activities||3.2|171,038|107,280|278,318|
|Total Resources Expended|||193,681|107,280|300,961|
|Net Income
/ (Expenditure)||||||
|for the year||4.1|40,992||40,992|
|Transfers
between
funds||||||
|Net Movement
in Funds|||40,992||40,992|
|Total Funds brought
forward|||1,979,094|306,772|2,285,866|
|Total Funds carried forward|||2,020,086|306,772|2,326,858|
##
||||Notes||2022|2021|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Heritage assets|||||1,188,217|1,172,117|
|Leasehold Property|||||797,386|835,358|
|Investments|||||I|I|
||||||1,985,604|2,007,476|
|Current Assets|||||||
|Debtors and prepayments||||180,769||208,018|
|Cash||||175,516||273,587|
|||||356,285||481,605|
|Current Liabilities|||||||
|Creditors
due withtn|one year|||86,636||124,723|
|Net Current
assets|||||269,649|356,882|
|Creditors
due greater|than one year||||112,500|37,500|
|Total Net Assets|||||2,255,253|2,326,858|
|Capital and Reserves|||||||
|Capital|||10||||
|The Company
is limited by Guarantee||and does not|||||
|have a Share Capital|||||||
|Funds|||||||
|Unrestricted
Funds|||||1,948,481|2,020,086|
|Restricted Funds|||||306,772|306,772|
||||||2,255,253|2,326,858|
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|INCOME||||||
|---|---|---|---|---|---|
|||2022|||2021|
|||Unrestricted|Restricted|Total|Total|
|Donations||||||
|Donations||99,990|30,226|130,216|177,774|
|Gift Atd||1,627||1,627|2,201|
|Donated
Artwork|at valuation|15,100||15,100|650|
|Business Support|Grants||||97,003|
|Total||116,717|30,226|146,943|277,628|
|Charitable
Activities||||||
|Friends Membership||8,559||8,559|9,194|
|Museum
Admissions||88,855||88,855|39,529|
|Educatton &Workshops||24,675||24,675|7,038|
|Museum
hire and|other events|14,614||14,614|8,544|
|Other income||1,871||1,871|0|
|Total||138,574||138,574|64.305|
|Interest||640||640|20|
|Total Income||255,931|30,226|286,157|341,953|
|3.0RESOURCES|EXPENDED|2022|||2021|
|||Unrestricted|Restricted|Total|Total|
|3.1 Donations||||||
|Support Costs||39,797||39,797|22,643|
|Total||39,797||39,797|22,643|
|3.2 Charitable
Activities||||||
|Exhibition
costs||11,658||11,658|4,478|
|Education &Workshops||277||277|1.002|
|Other costs||25,059|30,226|55,285|122.126|
|Support Costs||250 745||250 745|150,712|
|Total||287739|30,226|317965|278,318|
|Total Resources expended||327,536|30,226|357,762|300,961|
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|||Basis|of|Charitable||Recharged||
|---|---|---|---|---|---|---|---|
|||Apportionment||Activities|Donations|To|Total|
||||||K|Subsidiary||
|Employment|costs|Staffutilisation||113,151|20,954|8,382|142,487|
|Property costs,||||||||
|including||Space occupied||63,238|3,764|6,023|73,025|
|amortisation|of|||||||
|leasehold
property||||||||
|General office||Estimated|activity|22,798|4,813|4,053|31,664|
|Organisation||Estimated|activity|21,561|6,469|4,311|32,341|
|Leasehold||Space occupied||29,997|3,797|3,038|36,832|
|Depreciation||||||||
|||||250,745|39,797|25,807|316,349|
##
|4.1|Net Incoming Resources ar|e stated|after charging
fees relating to|the mdependent
examination
off3|900(2021:f3|
|---|---|---|---|---|---|
|4.2|Employee Information|||2022|2021|
||Staffcosts were as follows:|||||
||Wages and salaries|||178,511|155,287|
||Pensions|||3,661|2,928|
||Social security costs|||11978|9,413|
|||||194,150|152,628|
||The average munber ofemployees||during the year was 7 (2021|7)detail by role as follows:||
||Director|Full Time||1||
||Curator|Full Time||1||
||Assistant
Curator|Part Time||1||
||Shop/admissions|Full Time||1||
||manager (cost home|||||
||50/50 by the subsidiary|||||
||company
and Charity,|||||
||50%included
above)|||||
||Marketing
and|Part Time||||
||Communications|||||
||Officer|||||
||Community|Full Time||||
||Engagement
officer|||||
||Learning
Manager|Full Time||||
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|FIXEDASSETS||||
|---|---|---|---|
||Heritage Assets|||
||at Cost or|Leasehold||
||Valuation|Premises|Total|
|Cost or Valuation||||
|At 31 December 2021|1,172,117|949,269|2,121,386|
|Purchased
at cost|1000||1000|
|Disposals/written
off||||
|Donations
at valuation|15,100||15,100|
|At 31December 2022|1,188,217|949,269|2,137,486|
|At 31 December 2021||113,911|113,911|
|Charge for the year||37,972|37,972|
|At 31 December 2022||151,883|151,883|
|Net Book Value||||
|At 31 December 2021|1 172,117|835,358|2,007,475|
|At 31 December 2022|1,188,217|797,386|1,985,603|
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||DEBTORS||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||Amount
owed by subsidiary
undertaking||||||168,797|156,668|
||Other debtors||||||2,920|41,414|
||Gift aid recoverable||||||361|1,372|
||Prepayments||||||6 691|8,564|
||||||||180,769|208,018|
|8.|CREDITORS||||||2022|2021|
||Amounts
falling due within
one year:||||||||
||Subscriptions
received
in advance||||||12,128|12,005|
||Trade creditors||||||5,045|8,259|
||Other creditors||||||22,535|48,606|
||Accruals||||||9,428|5,853|
||Loan Payments
Due (Note below)||||||37,500|50,000|
||Total due within
I year||||||86,636|124,723|
||Amounts
falling due greater than|I year|||||||
||Loan Payments
due (Note below)|||||||37,500|
||||||||86,636|162,223|
||Unsecured
commercial
loan off200,000 taken out in April 2019.||||||||
||The loan was initiaBy repayable
in equal instalments||||over a 4-year|tenn.|||
||However,
as part ofCovid-19 support||the lender agreed a six-month|||capital|||
||repayment
holiday
(Apnl-September||2020) and|the loan term was extended|||||
||to 4 and a half years to September|2023|||||||
|9.|OPERATING LEASE COMMITMENTS||||||2022|2021|
||The amounts
payable
in respect ofthe||operating|leases, excluding VAT are:|||||
||In one year||||||15,001|15,001|
||Between two and five years||||||13,126|28,127|
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||||||General|Designated|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|Funds|
||Fixed assets||||797,387|881,445|306,772|1,985,604|
||Current
assets||||356,285|||356,285|
||Current
liabilities||||(86,636|||86636|
||Net Assets at|31 December 2022|||1,067,036|881,445|306,772|2,255,253|
|11.2|Movement
in|Funds|||||||
|||||At 31Dec|Incoming|Outgoing||At 31Dec|
|||||2021|Resources|Resources|Transfers|2022|
||||||||f.||
||Unrestricted|Funds|||||||
||Designated
Funds||||||||
||Collection|fund||865,345|15,100||1000|881,445|
||General Funds|||1,154,741|240 831|327,536|1000|1,067,036|
||Total Unrestricted||Funds|2,020,086|255,931|327,536||1,948,481|
||Restricted Funds||||||||
||Collection
fund|||306,772||||306,772|
||Foyle||||30,226|(30,226)|||
||Total Restricted Funds|||306,772|30,226|30,226||306,772|
||Total Funds||||||||
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