| Directors | C Gore |
|---|---|
| A Shepherd | |
| AGriffiths | |
| S Balmer | |
| J Higgins | |
| DrTMunford | |
| R Scott | |
| A.Perng | |
| Secretary | AShepherd |
| Charitynumber | 328725 |
| Companynumber | 02499752 |
| Registered office | 12Bennett Street |
| Bath | |
| BA12QJ | |
| Auditor | Ferguson Maidment&Co. |
| 81hFloor | |
| 167Fleet Street | |
| London | |
| EC4A2EA | |
| Bankers | Lloyds Bank |
| 47Milsom Street | |
| Bath | |
| BA11DN | |
| Investment Managers | Brewin Dolphin Ltd |
| St James House | |
| St James Square | |
| Cheltenham | |
| GL503PR |
| Page | |
|---|---|
| Directors' report | 1 - 7 |
| Statement of Directors' responsibilities | 8 |
| Independent auditor's report | 9 - 11 |
| Statementoffinancial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14 - 25 |
| Unrestricted Endowment Restricted funds funds funds Income from: Notes £ £ £ Donations and legacies 3 454 474 3,514 Charitable activities 4 12,136 Other trading activities 5 29,775 Investments 6 349,184 Insurance claim proceeds Government grant 7 Total income 391,549 474 3,514 Ex12enditures on: Notes Raising funds Fundraising 8 1,077 Trading costs 8 31,326 73 Investment management 8 1,435 23,266 Insurance claim expenses 8 33,838 23,266 73 Charitable activities 9 320,816 4,031 Total resources expended 354,654 23,266 4,104 Net gains/(losses) on investments 13 81 ,535 Net (outgoing)/incoming resources before transfers 36,895 58,743 (590) Transfer {834} 834 Net(expenditure)/income for theyear/ Netmovementin funds 36,061 59,577 (590) Fund balancesat1 April 2022 171,682 7,307,661 239,372 Fund balancesat31March 2023 207,743 7,367,238 238,782 |
Total 2023 £ 4,442 12,136 29,775 349,184 |
Total 2022 £ 118,063 10,522 28,670 310,328 28,363 18,918 |
|---|---|---|
| 395,537 1,077 31,399 24,701 57,177 324,847 382,024 81,535 95,048 |
514,864 | |
| 2,078 29,861 26,005 1,145 |
||
| 59,089 | ||
| 301,770 | ||
| 360,859 | ||
| 56,288 | ||
| 210,293 | ||
| 95,048 7,718,715 7,813,763 |
210,293 7,508,422 |
|
| 7,718,715 |
| Fixed assets Tangible assets Investments at Current assets Stocks Debtors Cash at bank andinhand Creditors: amount falling due within one year Net current assets Total assets less current liabilities Income funds Restricted funds Endowment funds Designated funds Unrestricted funds Notes 14 cost 15 value 16 17 18 19 20 21 |
2023 £ 5,960,564 517,409 |
2023 £ 5,960,564 517,409 |
£ 902,396 6,477,973 |
2022 £ 5,865,922 552,700 |
2022 £ 5,865,922 552,700 |
2022 £ 5,865,922 552,700 |
£ 913,728 6,418,622 7,332,350 386,365 7,718,715 |
|---|---|---|---|---|---|---|---|
| 12,500 60,093 408,455 481,048 (47,654) |
12,244 51,621 377,574 |
||||||
| 7,380,369 433.394 |
|||||||
| 441,439 (55,074) |
|||||||
| 7,813,763 238,782 7,367,238 207,743 7,813.763 |
|||||||
| 239,372 7,307,661 171,682 7,718,715 |
|||||||
| Freehold | landandbuildings | Freehold buildings - no depreciationisprovided onthe |
|---|---|---|
| grounds the asset has a very long useful life, a high residual | ||
| value,issubject to a programme of maintenanceand | ||
| accordingly, annual depreciation would notbematerial. | ||
| Freehold land is not depreciated | ||
| Fixtures | and fittings | Between 2% and 20% per annumofcost |
| Library | Not depreciated |
| 3 Donations and legacies |
|||||
|---|---|---|---|---|---|
| Unrestricted Endowment funds funds designated £ £ Donationsandgifts 454 Legacies 474 454 474 For the year ended 31March 2022 398 104,470 4 Charitable activities Admission Charges Events Education Membership subscriptions 5 Othertradingactivities Shop income Image copyright sales Other income Other trading activities 6 Investments Income from listed investments Interest receivable 7 Governmentgrantincome Coronavirus Job Retention Scheme Grant Coronavirus Government Business support Restricted funds £ 3,514 3,514 13,195 |
Unrestricted Endowment funds funds designated £ £ 454 474 Restricted funds £ 3,514 |
Total 2023 £ 3,968 474 4,442 2023 £ 9,286 1,083 345 1,422 12,136 2023 £ 28,772 186 817 29,775 2023 £ 343,670 5,514 349.184 2023 £ |
Total 2022 £ 13,593 104,470 118,063 |
||
| 118,063 | |||||
| 2022 £ 8,066 882 1,574 10,522 |
|||||
| 2022 £ 26,927 830 913 28,670 |
|||||
| 2022 £ 310,197 131 |
|||||
| 310,328 2022 £ 8,251 10,667 18,918 |
|||||
| Raising funds | |||||
|---|---|---|---|---|---|
| Fundraising andPublicity | Unrestricted funds £ 1,077 Endowment funds £ |
Restricted Total funds 2023 £ 1,077 |
Total 2022 £ 2,078 16,957 12,904 |
||
| Staff costs Trading costs Other trading activities Staff costs Investment management Insurance claim expenses For theyearended31March 2022 Fundraising and publicity Trading costs Investment management Insurance claim expenses |
|||||
| 15,866 15,460 |
73 15,939 15,460 73 31 ,399 |
||||
| 31 ,326 | 29,861 26,005 1,145 59,089 |
||||
| 1,435 23,266 |
24.701 73 57,177 |
||||
| 33,838 23,266 |
|||||
| 2,078 29,861 1,511 1,145 24,494 |
2,078 29,861 26,005 1,145 59,089 |
||||
| 34,595 24,494 |
| Charitable activities Staff costs Depreciation Advertising and PR Collection care Property costs Travel and expenses Legal and professional Subscriptions Training and consultancy Office costs Bank charges Education Exhibition Artefact insurance and storage Shareofgovernance costs (see note 10) |
2023 £ 211,003 11,332 3,661 5,094 30,443 1,266 1,967 409 16,191 13,138 66 1,182 7,219 17,516 320,487 4,360 324,847 |
2022 £ 185,607 11,512 1,467 3,136 40,736 1,192 1,216 505 11,714 14,662 143 1,543 4,938 19,594 297,965 3,805 301 ,770 |
|
|---|---|---|---|
| Supportcosts | ||||
|---|---|---|---|---|
| Audit fees Analysed between Charitable activities |
Support Governance Costs Costs £ £ 4,360 4,360 |
2023 £ 4,360 4,360 |
2022 £ 3,805 3,805 Basisof allocation Governance |
|
| 4,360 | 4,360 |
| Numberofemployees | ||
|---|---|---|
| Curator Visitor Services Administration Education Security Employmentcosts Wages and salaries Social security costs Other pension costs |
2023 Number 2 3 1 7 2023 £ 183,773 11,360 8,247 203,380 |
2022 Number 4 1 1 |
| 8 | ||
| 2022 £ 180,865 11,230 8,494 |
||
| 200,589 |
| Net gains/(losses)oninvestments | ||
|---|---|---|
| Gain/(loss) on saleof investments PEF EEF Unrealised gains/(losses) EEF |
2023 £ 116,826 11,984 (47,275) 81 ,535 |
2022 £ 17,685 (1,068) 39,671 |
| 56,288 |
| Cost At 1 April 2022 Acquisitions Disposals At31March 2023 Depreciation and impairment At 1 April 2022 Disposals Depreciation charged inthe year At31March 2023 Carrying amount At31March 2023 At31March 2022 |
Freehold Assets under land and construction buildings £ £ 224,239 668,638 224,239 668,638 55,866 55,866 224,239 612.772 224,239 612,772 Fixtures and Library Total fittings £ £ £ 568,462 51,250 1,512,589 568,462 51,250 1,512,589 542,995 598,861 11.. 332 11,332 554,327 610,193 14,135 51 ,250 902,396 25.467 51,250 913,728 |
|
|---|---|---|
| Fixedassetinvestments | |||
|---|---|---|---|
| PermanentEndowmentFundatcost At 1 April 2022 Incoming resources Additions Sales proceeds Gains/ (Losses) Fees and outgoings At31March 2023 At31March 2022 EmergencyEndowmentFundatmarketvalue At 1 April 2022 Incoming resources Additions Sales proceeds Realised Gains/ (Losses) Fees and outgoings Unrealised gains/ (Losses) At31March 2023 At31March 2022 |
Listed Cashin investments portfolio £ £ 5,765,283 100,639 6,485 301,986 (301,986) (395,976) 395,976 116,826 {234} {28,435) |
Total £ 5,865,922 6,485 116,826 {28,669} 5,960,564 5,865,922 552,700 11,984 {47,275} 517,409 552,700 |
|
| 5,787,885 172,679 |
|||
| 5,765,283 100,639 |
|||
| 531,358 21,342 26,020 (26,020) (57,558) 57,558 11,984 (47,275} |
|||
| 464,529 52,880 |
|||
| 531,358 21 ,342 |
| Finished goods and goods for resale Less: Provision for obsolete stock Debtors Amountfalling duewithinone year: Other debtors Prepayments and accrued income |
2023 2022 £ £ 12,662 12,406 (162) {162} 12,500 12,244 2023 2022 £ £ 36,392 27,508 23,701 24,113 60,093 51,621 |
|---|---|
| Creditors | ||
|---|---|---|
| Amountfalling duewithinone year: Other taxation and social security Trade creditors Accruals and deferred income |
2023 £ 26,030 21 ,624 47,654 |
2022 £ 5,067 25,775 24,232 |
| 55,074 |
| MEAA Metalware conservation project MEAA Emergency Appeal The Reimaging Project fund L.G Harris Trust Security Enhancements L.G Harris Trust Photographyof collection Medlock Charitable Trust Flexible display space at Museum galleries B&NES Heritage services Improving Audience Engagement AIM Brighter Day Grant Environmental Monitoring and Improvements |
Balanceat Incoming Resources Transfers Balanceat 1 April 2022 Resources Expended 31March 2023 £ £ £ £ £ 24,353 24,353 10,158 201 (10,359) 195,476 86 (135) 10,359 205,786 5,269 (2,598) 2,671 3,800 3,800 316 (316) 1,055 (1,055) 2,172 2,172 |
|---|---|
| 239,372 3,514 (4,104) 238,782 |
| Permanent Endowment fund Gift from Franklin Tusu's Estate Special capital reserve Emergency Endowment fund |
Balance at 1 April 2022 £ 5,860,988 884,620 9,352 552,701 7,307,661 |
Balance at 1 April 2022 £ 5,860,988 884,620 9,352 552,701 7,307,661 |
Movementinfunds Incoming Resources Transfers Resources Expended £ £ £ 1,308 (23,266) 1,308 (23,266~ Balance at Revaluations 31March gains/losses 2023 £ £ 116,826 5,955,856 884,620 9,352 {35,291) 517,410 81 ,535 7,367,238 |
|---|---|---|---|
| 7,307,661 |
| Fund balances at31March 2023 are represented by: Tangible assets Investments Current assets/(liabilities) |
General Restricted Endowment funds funds funds £ £ £ 14,135 888,261 6,477,973 193,608 238.782 1.004 207,743 238,782 7,367.238 Total £ 902,396 6,477,973 433,394 7,813,763 |
|
|---|---|---|