2021-03-31-accounts

CONTENTS		PAG
TRUSTEES ANNUAL REPORT
Chair's Report
Our purposes and activities
Achievements and Performance
Financial Review
Plans for the Future
Reference and Administrative Details
Structure Governance and Management
Trustee responsibilities relating to the financial	statements	10
Statement as to disclosure to our Independent	Examiners
INDEPENDENT EXAMINER'S REPORT TO	THE MEMBERS	12
STATEMENT OF FINANCIAL ACTIVITIES		14
BALANCE SHEET		15
CASH FLOW STATEMENT		16
NOTES TO THE FINANCIAL STATEMENTS		17
DETAILED INCOME AND EXPENDITURE ACCOUNT		32

		Unrastrtcted	Restricted	Total	Funds
	Note	Funda	Funds	2021	2020
			6	6	6
Income from:
Donations and grants	2	278,311	72,086	948,9S7	43,684
Charitable activities	3	207,258	-	207,258	313,197
Other trading activities	4	40,658	168	40,828	137,266
Total Income		624&227	72,254	6SB~1	494,147
Expenditure on:
Raising funds	5	50,901	26,647	77&648	83,423
Charitable activities	6	360,793	13,936	374,729	465,574
Total expenditure		411,684	40,683	462,277	648,997
Net Income I(expenditure)	8	112,539	31,671	144,204	(54,850)
Transfers between Funds	21	3,405	(3,405)
Other recognised gains Ilosses
Remeasurement surplus I(deficit) on defined benefit pension scheme	10	(418,000)	-	(418,000)	288,000
NET BIOVEBIENT IN FUNDS		(302,082)	28,286	(273,798)	233,160
RECONCILIATION OF FUNDS
Fund Balances brought forward		502,922	71,918	574,840	341,590
Total Funds carried forward		200,880	100,'I84	30'l,044	674,840

					Previous
				Total	Year
				Funds	Funds
					E
Cash flows from operating	activities:
Net cash provided by (usedin) operating
activities (SeeNote 23)				86,564	140,942
Cash flows from investing	activities
Interest from investments
Sale ofinvestments
Purchase ofFixed Assets					(5,244)
Net cash provided by (usedin) investing			activities		(5,244)
Change in cash and cash reporting period	equivalents	in		86,564	135,698
Cash and cash equivalents reporting period	at beginning		of	295,180	159,482
Cash and cash equivalents period	at end of	reporting		381,744	295,180

				2021	2020
				6	8
3.	Income from charitable activities
	Admission charges	including	gift aid	25,541	115,505
	Support from Local	Authodty		181,482	160,110
	Other income			235	16,198
				207,258	313,197
4.	Income from other trading		activities
	Shop sales			7,373	26,850
	Rents and service charges			32,203	30,776
	Filming fees				66,203
	Other income			1,250	11,437
				40,826	137,266

xpenditur	e on raising	funds
			8
Cost ofshop stock sold			3,834	12,600
Advertising	costs		1,871	419
Staff and	administrative	costs	71,843	70,404
			77,548	83,423

		C	05
	2020/21	EIo e v e + 0 40)	C0 o8 U co	os e c o e c 0 e E 8U	CV CI CV 8 t
			S
Staff costs		69,492	56,251	74,363	200,106
Buildings		4,547	31,824	4,547	40,918
Grounds				19,506	19,S06
Activities		5,239	5,264		10,503
Administration		6,001	7,235	3,617	18,853
Depreciation			17,561	524	18,085
Support costs (Note 7)		17,126	13,865	16,329	49,322
Governance	costs (Note 7)	6,750	5,464	7,222	19,436
Totals 2021		109,157	137,464	128,108	374,729

		C	05
	2019/20	Eg c~ aO)	C0 'CI0 o kJ U lO	os e c 'o e c 'E w E Q ts	IO CV CI CV 8 I-
		6
Staff costs		109,673	71,728	90,742	272,143
Buildings		6,171	43,201	6,171	55,543
Grounds				10,209	10,209
Activities		16,437	230		18,667
Administration		6,094	8,192	4,095	18,381
Depreciation			17,559		17,SS9
Support costs (Note 7)		20,671	13,519	17,103	51,293
Governance	costs (Note 7)	8,777	5,740	7,262	21,779
Totals 2020		169,823	160,169	135,582	465,574

						c0				CI CV co
		2020/21				e	3.	III		CV
						o e	g co	e 8	0 C5	I
	Staff costs					Time	35,098		15,359	50,457
	Printing &communications					Usage	14,224		837	15,051
	Independent	Examiner	fees			Governance			2,700	2,700
	Other Trust	costs				Governance			540	540
	Totals						49,322		19,438	68,758
						c0				CI
		2019/20				e o e	oa o co	CO o 3		CIC
	Staff costs					Time	41,324		17,973	59,297
	Printing &communications					Usage	9,969		566	10,555
	Independent	Examiner	fees		Governance				2,680	2,880
	Other Trust	costs			Governance				540	540
	Totals						51,293		21,779	73,072
									2021	2020
									5
8.	Net income /	expenditure		for year
	This is stated	after charging:
	Depreciation								18,085	17,559
	Interest payable								Nil	Nil
	Auditor's remuneration		as	Independent		Examiner			2,700	2,600

							2021	2020
							8
Analysis ofstaff costs
The aggregate staff costs were:
Directly	employed:	Gross	salaries				234,466	249,430
		Social	secudity	costs			12,893	14,080
		Other	pension	costs			46,760	99,052
Travel,	training and recruitment		costs				969	3,182
							295,088	365,744
The Other pension Costs include f14,000 (f55,000 in 2019/20) in respect of an FRS 17
pension	adjustment.
Particulars ofemployees:							No.	No.
Average	number ofstaff	(full time equivalents)			during the	year	10
Number	ofstaff to whom	retirement benefits are accruing				under
defined	benefit scheme							10
Number	ofemployees with emoluments			above f60,000			None	None

Year ended:	31 March 2021	31 March 2020
	Nominal %per annum
Pension increase rate	2.8%	8%
Salary increase rate	3.5'/o	2.5%
Discount rate	2.05%	2.3%

Year ended:	31 March 2021	31 March 2020
Equities	45%	38%
Bonds	41%	46%
Property	10%
Cash	4'/o	8%

Changes in the Fair Value of Pla Year ended 31 March 2021	n Asse	ts, D	efined Bene	fit Obligation a	nd Net Liabil
			Assets	Obligations	Net (liability)
					/asset
			8'000		6'000
Fair value of plan assets			2,062		2,082
Present value offunded liabilities				1,810	(1,810)
Opening position as at 31 March	2020		2,082	1 810	272
Current service cost				64	(64)
Net Interest:
Interest income on plan assets			46		48
Interest cost on defined benefit obligation				42	(42)
Total net interest			48	42	6
Total defined benefit cost recognised SoFA		in		106	(58)
Cashflowe:
Plan participants contdibutions			13	13
Employer contributions			44		44
Benefits paid			(17)	(17)
Expected closing position			2,170	1,912	258
Remeasurements:
Changes in demographic assumptions				37	(37)
Changes in financial assumptions				690	(690)
Other expedience				(17)	17
Return on assets excluding net interest			292		292
Total remeasurements recognised Recognised Gains i(Losses)	in Other		292	710	(418)
Fair value of plan assets			2,462		2,462
Present value offunded liabilities				2,622	(2,622)
Closing position as at 31 Ilarch 2021			2,462	2,622	(160)

Changes in the Fair Value of Pla Year ended 31 INarch 2020	n Asset	s, D	efined Bene	fit Obligation a	nd Net Liabili
			Assets	Obligations	Net (liability)
					/asset
			8'000		8'000
Fair value of plan assets			1,990		1,990
Present value offunded liabilities				1,951	(1,951)
Opening position as at 31 March	2019		1,990	1,951	39
Current service cost				89	(89)
Net Interest:
Interest income on plan assets			50		50
Interest cost on defined benefit obligation				50	(50)
Total net Interest			50	50
Total defined benefit cost recognised SoFA		In		139	(89)
Cashflcws:
Plan participants contributions			14	14
Employer contributions			42		42
Benefits paid			(17)	(17)
Expected closing position			2,079	2,087
Remeasurements:
Changes in demographic assumptions				(82)	82
Changes in financial assumptions				(181)	181
Other experience				(14)	14
Return on assets excluding net interest					3
Total remeasurements recognised Recognised Gains /(Losses)	In Other			(277)	280
Fair value of plan assets			2,082		2,082
Present value offunded liabilities				(1,810)	(1,810)
Closing position as at 31 March 2020			2,082	1,810	272

				2021	2020
				E	E
Revenue funding received to operate and walled garden			museum	176,482	175,110
Revenue	funding	received to manage	Halton Castle	5,000	5,000

Tangible fixed assets
	Furniture a	Motor	Equipment	Total
	Fittings	Vehicles
	E	E
COST
At 1 April 2020	155,765	17,533	91,446	284,744
At 31 March 2021	155,765	17,533	91,446	264,744
DEPRECIATION
At 1 April 2020	15,546	12,289	74,202	102,087
Charge for year	5,192	524	12,369	18,085
At 31 March 2021	20,738	12,813	86,571	120,152
NET BOOK VALUE
At 31 March 2020	140,149	5,244	17,244	162,877
At 31 INarch 2021	134,997	4,720	4,875	144,592

						Restricted	Restricted		Designated	General &	Total
						Funds			Funds	Pension
	2020/21									Reserves
										8	6
	Tangible Fixed Assets								139,672	4,720	144,592
	Cash at Bank					100,185				281,559	381,744
	Other Net Current Assets									(65,292)	(65,292)
	Pension Deficit									(160,000)	(160,000)
						100,185			139,872	60,987	301,044
	Previous year - 2019/20
	Tangible Fixed Assets								157,433	5,244	162,677
	Investments and Cash	at	Bank			71,916				223,262	295,180
	Other Net Current Assets									(155,017)	(155,017)
	Pension Surplus									272,000	272,000
						71,918			157,433	345,489	574,840
23.	Reconciliation ofnet	income /(expenditure)						to net cash flow from operating			activities
										2021	2020
										6
	Net income /(expenditure)			for		the reporting		period		144,204	(54,850)
	Add back: Depreciation		charges							18,065	17,559
	Add back: Pension revaluation				adjustments					14,000	55,000
	(Increase) / Decrease	in	stocks							1,536	1,086
	(Increase) / Decrease	in	debtors							17,252	2,146
	Increase / (Decrease)	in	creditors							(108,513)	120,001
	Net cash provided by (used			In)		operating	activities			86,564	140,942

				2020/21		2019/20
			General	Restricted
			Fund	Funds	Total	Total
INCOME
Admissions (including		Gift Aid)	25,542		25,542	116,889
Shop sales			7,205	168	7,373	28,850
Rents receivable			32,203		32,203	30,776
Operating support			178,610		178,810	180,110
Project grants			266,314	65,679	331,993	32,795
Donations and other	income		14,353	6,407	20,760	104,727
Total Income			524,227	72,254	596,481	494,147
EXPENDITURE
Staff costs			271,414	23,658	295,072	310,743
Consultancy fees			-0	5,099	5,099	25,790
Building costs			45,387	78	45,465	61,714
Grounds maintenance			13,512	5,994	19,506	10,209
Marketing and publicity			671	1,200	1,871	419
Activity costs			6,729	4,554	11,283	19,588
Administrative costs			16,735		18,735	11,728
Shop - Cost ofsales			3,834		3,834	12,600
Ind. exam. fee &other		costs	21,851		21,851	23,647
Total Expenditure			380,133	40,583	420,716	476,438
Transfers between	Funds		3,405	(3,405)
Adjusted Surplus I (Deficit) for year		See note	147,499	28,266	175,765	17,709