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|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||
|Statement as to disclosure to our Independent|Examiners||
|INDEPENDENT
EXAMINER'S REPORT TO|THE MEMBERS|13|
|STATEMENT OF FINANCIAL ACTIVITIES||15|
|BALANCE SHEET||16|
|CASH FLOW STATEMENT||17|
|NOTES TO THE FINANCIAL STATEMENTS||18|
|DETAILED INCOME AND EXPENDITURE ACCOUNT||32|
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|YEAR E|NDED 31|MARCH 20|22|||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Funds|
||Note|Funds|Funds|2022|2021|
|||6|5|E|E|
|Income from:||||||
|Donations
and grants|2|60,600|218,814|279,414|348,397|
|Charitable
activities|3|318,826|9,650|328,476|207,258|
|Other trading
activities|4|67,638|611|68,249|40,826|
|Total Income||447,064|229,075|676,139|596,481|
|Expenditure
on:||||||
|Raising funds||78435|943|79,S78|77,548|
|Charitable
activities||348,786|154,056|502,842|374,729|
|Total expenditure||427,221|154,999|582,220|452,277|
|Net Income I(expenditure)||19,84S|74,076|93,919|144,204|
|Transfers
between
Funds|21|28,437|(26,437)|||
|Other recognised
gains Ilosses||||||
|Remeasurement
surplus I(deficit) on
defined
benefit pension scheme|10|363,000|-|363,000|(418,000)|
|NET MOVEMENT
IN FUNDS||409,280|47.639|456,919|(273,798)|
|RECONCILIATION
OF FUNDS||||||
|Fund Balances brought forward||200,860|100,184|301,044|574,840|
|Total Funds carried forward||510,140|147,82S|757,963|301,044|
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||||||Previous|
|---|---|---|---|---|---|
|||||Total|Year|
|||||Funds|Funds|
||||||F|
|Cash flows from operating|activities:|||||
|Net cash provided by (usedin) operating||||||
|activities (SeeNote 23)||||48.532|86,564|
|Cash flows from investing|activities|||||
|Purchase of Fixed Assets||||(31,204)||
|Net cash provided by (usedin) investing|||activities|(31,204)||
|Change
In cash and cash
reporting
period|equivalents|in||17,328|86,564|
|Cash and cash equivalents
reporting
period|at beginning||of|381,744|295,180|
|Cash and cash equivalents
period|at end of|reporting||3aa,o72|381,744|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6|8|
|3.|Income from charitable||activities||||
||Admission
charges|including||giR aid|109,806|25,541|
||Support from Local|Authority|||179,678|181,482|
||Other income||||38,992|235|
||||||328,476|207,258|
||f9,650ofthe Admission fees was Restricted|income.|income.|||
|---|---|---|---|---|---|
|4.|Income from other trading activities|||||
||Shop sales|||17,799|7,373|
||Rents and service charges|||32,760|32,203|
||Other income|||17,690|1,250|
|||||68,249|40,826|
||Income from trading consists entirely ofsales|made|in the United|Kingdom.||
##
|Cost ofshop stock sold|Cost ofshop stock sold||8,709|3,834|
|---|---|---|---|---|
|Advertising|costs||1,823|1,871|
|Staff and|administrative|costs|70,848|71,843|
||||79,378|77,548|
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|Analysis ofcharitable activitie|Analysis ofcharitable activitie|s||||
|---|---|---|---|---|---|
|2021/22||es,
OI L
Ej4
aO)|45
C0
oS
o Io|'+ e
C 'Q
e c
~I
ts ta|CII
IIIO
III
8
I|
|||f|f|f|f|
|Staff costs||47,261|98,008|66,552|211,821|
|Buildings||6,721|47,050|6,721|60,492|
|Grounds||||34,440|34,440|
|Activities||54,341|10,435||64,776|
|Administration||11,227|17,497|8,748|37,472|
|Depreciation|||5,567|524|6,091|
|Support costs (Note 7)||16,214|33,625|22,833|72,672|
|Governance|costs (Note 7)|3,364|6,977|4,737|15,078|
|Totals 2022||139,128|219,159|144,555|502,842|
|||C|4g|||
|---|---|---|---|---|---|
||2020/21|E)Cc
30)|C0|'+ C
C 'C
e C
'E.e
$$|CII
CI
CV|
|||f|f|f|f|
|Staff costs||69,492|56,251|74,363|200,106|
|Buildings||4,547|31,824|4,547|40,918|
|Grounds||||19,506|1a,sos|
|Activities||5,239|5,264||10,503|
|Administration||6,001|7,235|3,617|16,853|
|Depreciation|||17,561|524|18,085|
|Support costs (Note 7)||17,128|13,865|18,329|49,322|
|Governance|costs (Note 7)|6,750|5,464|7,222|19,436|
|Totals 2021||1oa,1s7|137,454|12s,1os|374,729|
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|||||||C0|||cc|
|---|---|---|---|---|---|---|---|---|---|
|||2021/22||||CC|||CV|
|||||||o e||||
||Staff costs|||||Time|60,849|10,413|71,282|
||Printing
&communications|||||Usage|11,823|695|12,518|
||Independent|Examiner|fees|||Governance||2,800|2,800|
||Other Trust|costs||||Governance||1,170|1,170|
||Totals||||||72,672|15,078|87,750|
|||2020/21||||o0
'P
CCC|||CV
CI
CV|
|||||||='I||||
|||||||~C xc||||
||Staif costs|||||Time|35,098|15,359|50,457|
||Printing
&communications|||||Usage|14,224|837|15,061|
||Independent|Examiner|fees||Governance|||2,700|2,700|
||Other Trust|costs|||Governance|||540|540|
||Totals||||||49,322|19,436|68,758|
|||||||||2022|2021|
|||||||||8|6|
|8.|Net income
/|expenditure||for year||||||
||This is stated|after charging:||||||||
||Depreciation|||||||6,091|18,085|
||Interest payable|||||||Nil|Nil|
||Auditor's
remuneration||as|Independent||Examiner||||
||Trust accounts|||||||2,800|2,700|
||Grant claim|||||||540||
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|||YEAR|ENDED 31 MARCH 2|022||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6||
|Analysis ofstaff costs||||||
|The aggregate|staff costs were:|||||
|Directly employed:||Gross|salaries|221,109|234,466|
|||Social|security costs|12,500|12,893|
|||Other|pension costs|94,022|46,760|
|Travel, training|and recruitment||costs|3,022|969|
|||||330,653|295,088|
|Particulars
ofemployees:|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||||
|Number|ofemployees
with emoluments
above f60,000||None|None|
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|Year ended:|31 March 2022|31 March 2021|
|---|---|---|
||Nominal %per annum||
|Pension increase rate|3.15%|2 8%|
|Salary increase rate|3.85%|3.5'Yo|
|Discount rate|2.75%|2.05%|
##
|Year ended:|31 March 2022|31 March 2021|
|---|---|---|
|Equities|42%|45|
|Bonds|42%|41|
|Property|10%%uo|10'Yo|
|Cash|6%|4'Yo|
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|Year ended 31 March 20|22||||||
|---|---|---|---|---|---|---|
|||||Assets|Obligations|Net (liability)|
|||||||/asset|
|||||6'000||8'000|
|Fair value ofplan assets||||2,464||2,464|
|Present value offunded|liabilities||||2,624|(2,624)|
|Opening
position as at|31 March|2021||2,464|2 624|(160)|
|Current service cost||||||(85)|
|Net Interest:|||||||
|Interest income on plan assets||||51||51|
|Interest cost on defined benefit obligation|||||55|(55)|
|Total net Interest||||51|55|(4)|
|Total
defined
benefit
SoFA|cost recognised||in|51||(68)|
|Cashflows:|||||||
|Plan participants
contributions||||12|12||
|Employer
contributions||||40||40|
|Benefits paid||||(16)|(16)||
|Expected closing position||||2,551|2,760|(209)|
|Remeasuremenls:|||||||
|Changes
in demographic
assumptions|||||(13)|13|
|Changes
in financial assumptions|||||(235)|235|
|Other experience||||||(6)|
|Return on assets excluding
net interest||||121||121|
|Total rsmeasurements
recognised
Recognised Gains I(Losses)||in Other||121|(242)|363|
|Fair value ofplan assets||||2,672||2,672|
|Present value offunded|liabilities||||2,518|(2,518)|
|Closing position as at 31 March 2022||||2,672|2,518|154|
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|Year ended 31 March 20|21||||||
|---|---|---|---|---|---|---|
|||||Assets|Obligations|Net (liability)|
|||||||/asset|
|||||8'000||8'000|
|Fair value of plan assets||||2,082||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||||48||48|
|Interest cost on defined|benefit obligation||||42|(42)|
|Total net interest||||48|42||
|Total
defined
benefit
SoFA|cost recognised||in|48|105|(58)|
|Cashflows:|||||||
|Plan participants
contributions||||13|13||
|Employer contributions||||44||44|
|Benefits paid||||(15)|(16)||
|Expected closing position||||2,172|1,914|258|
|Remeasurements:|||||||
|Changes
in demographic
assumptions|||||37|(37)|
|Changes
in financial assumptions|||||690|(690)|
|Other experience|||||(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||||2,464||2,464|
|Present value offunded|liabilities||||2,624|(2,624)|
|Closing position as at31 March 2021||||2,464|2,624|(160)|
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|aritable
objectives.
The following
is a summary
oftra|nsactions
with the C|ouncil.|
|---|---|---|
||2022|2021|
|||8|
|Revenue
funding
received to operate museum
and walled garden|174,678|176,482|
|Custodian
support grant for Halton Castle|5,000|5,000|
|Grants received for projects|14,210||
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|Tangible fixed assets|||||
|---|---|---|---|---|
||Furniture 8|Motor|Equlpmsnt|Total|
||Fittings|Vehicles|||
||8|8|||
|COST|||||
|At 1 April 2021|155,765|17,533|91,446|264,744|
|Additions
in year|31,204|||31,204|
|At 31 March 2022|188,969|17,533|91,446|295,948|
|DEPRECIATION|||||
|At 1 April 2021|20,768|12,813|86,571|120,152|
|Charge for year|5,192|524|375|6,091|
|At 31 March 2022|25,960|13,337|88,948|126,243|
|NET BOOK VALUE|||||
|At 31 March 2021|134,997|4,720|4,875|144,592|
|At 31 March 2022|181,OO9|4,198|4,SOO|1S9,7OS|
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|Movement
in Unre|stricted
fu|nds||||||
|---|---|---|---|---|---|---|---|
|||e
Q o.
Cg
0
rtt|rsI
C|rsI
C|Le
I-|C0
e
W|e L
e E
u e
c M
I ~I vr|
|2021/22||||||||
|Deslgnsfsd Funds:||||||||
|Furn. &Equipment|Reserves|139,872|||20,870||160,742|
|General Fund||220,988|447,064|(378,221)|5,587||295,396|
|Pension Resenre||(160,000)||(49,000)||363,000|154,000|
|||200,880|447,064|(427,221)|28,437|363,000|610,140|
|Previous year - 2020/21||||||||
|Designated Funds:||||||||
|Furn. &Equipment|Reserve|157,433|-|-|(17,561)|-|139,872|
|General Fund||73,490|524,227|(397,694)|20,966|-|220,988|
|Pension Reserve||272,000|~|(14,000)|-|(418,000)|(160,000)|
|||502,923|524,227|(411,694)|3,405|(418,000)|200,860|
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|Analysis|of net assets between|funds||||
|---|---|---|---|---|---|
|||Restricted|Designated|General 5|Total|
|||Funds|Funds|Pension||
|Year ended S1 March 2022||||Reserves||
|||||6||
|Tangible|Fixed Assets||160,742|8,963|169,705|
|Cash at|Bank|147,823||251,249|399,072|
|Other Net Current Assets||||35,186|35,186|
|Pension|Surplus|||154,000|154,000|
|||147,829|199,872|449,398|757,969|
|Year ended 31 March 2021||||||
|Tangible|Fixed Assets||139,872|4,720|144,592|
|Investments
and Cash at Bank||100,185||281,559|381,744|
|Other Net Current Assets||||(65,292)|(85,292)|
|Pension|Deficit|||(160,000)|(160,000)|
|||100,185|139,872|60,987|S01,044|
##
|Reconcilia|tion ofnet income /(expenditure|)|to net cash f|low from operatin|g
activities|
|---|---|---|---|---|---|
|||||2022
6|2021
f|
|Net income /(expenditure)
for the reporting|||period|99,919|144,204|
|Add back:|Depreciation
charges|||6,091|18,085|
|Add back:|Pension revaluation
adjustments|||49,000|14,000|
|(Increase)|/ Decrease
in stocks|||(227)|1,536|
|(Increase)|/ Decrease
in debtors|||(53,257)|17,252|
|Increase /|(Decrease)
in creditors|||(46,994)|(108,513)|
|Net cash|provided
by (used In) operating|activities||48,532|86,564|
##
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|||||2021/22||2020/21|
|---|---|---|---|---|---|---|
||||General|Restricted|||
||||Fund|Funds|Total|Total|
|INCOME|||||||
|Admissions
(including||GIR Aid)|100,158|9,650|109,806|25,242|
|Shop sales|||17,188|611|17,799|7,373|
|Rents receivable|||32,760||32,760|32,203|
|Operating
support|||179,678||tra,srs|178,610|
|Project grants|||59,417|213,823|273,240|331,993|
|Donations
and other|income||57,865|4,991|62,856|20,760|
|Total Income|||447,064|229,075|676,139|sas,161|
|EXPENDITURE|||||||
|Staff costs|||215,120|63,881|279,001|295,072|
|Consultancy
fees|||4,750|1,266|6,016|5,099|
|Building costs|||45,563|21,650|67,213|45,465|
|Grounds
maintenance|||23,430|11,010|34,440|19,506|
|Marketing
and publicity|||1,823||1,823|1,871|
|Furniture
&equipment|||29,708|1,328|31,036|6,170|
|Activity costs|||25,264|45,105|70,369|11,283|
|Administrative
costs|||13,902|7|13,909|16,735|
|Shop - Cost ofsales|||6,709||s,roa|3,834|
|Other costs|||5,385|10,752|17,137|15,681|
|Total Expenditure|||372,654|154,aaa|527,653|420,716|
|Transfers
between|Funds||5,587|(5,567)|||
|Adjusted
Surplus for
year||See
note|ra,ars|ss,soa|146,488|1rs,rss|