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|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|
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|||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|
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||||||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|
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|||||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|
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|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|
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|||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|
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|||||||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|
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||||||||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|
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|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%|
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|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)|
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|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|
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|||||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|
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|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|
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|||||||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|
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|||||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|