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2022-03-31-accounts

Page
Trustees'
report
1 -12
Statement oftrustees' responsibilities 13
Independent
auditor's
report 14-16
Statement offinancial activities 17-18
Balance sheet 19-20
Statement ofcash flows 21
Notes to the financial statements 22-43

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2022 2021
Notes 6
Fixed assets
Intangible assets 13 254,240 317,800
Tangible assets 14 1,398,665 1,497,224
Heritage assets 15 323,393 212,884
Investments 16 5 5
1,976,303 2,027,913
Current assets
Stocks 17 52,755 57,439
Debtors 18 117,499 31,948
Cash at bank and in hand 1,201,517 1,547,274
1,371,771 1,636,661
Creditors: amounts falling due within
one year 20 (242,100) (171,993)
Net current assets 1,129,671 1,464,668
Total assets less current liabilities 3,105,974 3,492,581
Creditors: amounts falling due after
more than one year 21 (50,816) (118,920)
Net assets 3,055,158 3,373,661
Capital funds
dd tt d
Expendable endowment 393,720 393,720
393,720 393,720
Income funds
Restricted funds 25 325,333 425,186
Designated fund 159,128 208,965
General unrestricted funds 1,904,945 2,073,758
Revaluation reserve 272,032 272,032
2,176,977 2,345,790
3,055,158 3,373,661

2022 2021
Notes 6 6 6 6
Cash flows from operating activities
Cash (absorbed
by)/generated
from 30
operations (177,136) 609,385
Investing activities
Purchase oftangible fixed assets (9,524) (26,907)
Proceeds on disposal oftangible fixed assets 13,683
Purchase of heritage assets (110,509) (40,409)
Investment income received 1,625
Net cash used in investing activities (106,350) (65,691)
Financing activities
Repayment of borrowings (58,938) (38,472)
Repayment of bank loans (3,333) 45,506
Net cash (used in)/generated from
financing activities (62,271) 7,034
Net (decrease)/increase
In
cash and cash
equivalents (345,757) 550,728
Cash and cash equivalents at beginning ofyear 1,547,274 996,546
Cash and cash equivalents at end ofyear 1,201,517 1,547,274

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2022 2021
6 2
Admission fees and conferences 158,166 122,843
Performance related grants 134,030 524,078
Sale ofeducational material 14,518 11,965
306,714 658,886
Analysis
by
fund
Unrestricted funds 222,684 234,808
Restricted funds 84,030 424,078
306,714 658,886
Unrestricted Unrestricted
funds funds
2022 2021
6 6
28,122 16,383
Unrestricted Unrestricted
funds funds
2022 2021
8 8
1,625
Unrestricted Unrestricted
funds funds
2022 2021
8 8
1,750

Unrestricted Unrestricted
funds funds
2022 2021
6 6
and blici
Staging fundraising events 5,110 5,303
Other fundraising costs 35,967 31,482
Staff costs 52,336 66,769
Fundraising and publicity 93,413 103,554
T~di~n
ratata
Coffee shop and merchandise 22,600 31,557
Stagcosh 24,506 29,413
Trading costs 47,106 60,970
140,519 164,524

2022 2021
8 6
Staff costs 710,959 762,167
Depreciation
and impairment
157,960 272,811
Professional fees 61,141 33,629
Consultancy
fees
244,464 127,672
Rent and utility costs 45,306 50,552
Repairs and maintenance 148,042 130,215
Printing,
postage, stationery
and telephone 50,530 156,429
Travel, training
and recruitment
24,561 25,565
Cleaning 18,411 18,816
Garden repairs and development 28,260 28,920
Film production 6,757 28,337
Loss on disposal offixed assets 13,683
Bank charges 5,714 5,126
Other costs 25,887 55,457
Irrecoverable
VAT
99,508 88,971
1,641,183 1,784,667
Share ofgovernance costs (see note 10) 39,552 13,879
1,680,735 1,798,546
Analysis
by fund
Unrestricted
funds
1,102,519 1,339,281
Restricted
funds
578,216 459,265
1,680,735 1,798,546

Support costs
Support Governance 2022 Support Governance 2021
costs costs costs costs
6 8 8 8 8 6
Audit fees 36,659 36,659 13,478 13,478
Travel costs 2,893 2,893 401 401
39,552 39,552 13,879 13,879
Analysed between
Charitable activities 39,552 39,552 13,879 13,879

The av erage
m
onthly
number ofemployees
during the
year was:
2022 2021
Number Number
Trading and fundraising 3 3
Direct charitable activities 32 30
Total 35 33
Employment
costs
2022 2021
6 8
Wages and salaries 718,505 784,814
Social security costs 58,600 60,762
Other pension costs 10,696 12,773
787,801 858,349
is as foll ow
s:
2022 2021
Number Number
870,000 - 880,000
890,000 - 8100,000

Intangible
fi
xed assets
Software development
8
Cost
At 1April 2021 and 31 March 2022 581,497
Amortisatlon and Impairment
At 1April 2021 263,697
Amortisation charged for the year 63,560
At 31 March 2022 327,257
Carrying amount
At 31 March 2022 254,240
At 31 March 2021 317,800

Tangible fix ed asset s
Land and Plant and Total
buildings machinery
6 6
Cost
At 1 April 2021 1,550,855 1,421,294 2,972,149
Additions 9,524 9,524
Disposals (617,227) (617,227)
At 31 March 2022 1,550,855 813,591 2,364,446
Depreciation and Impairment
At 1 April 2021 331,654 1,143,271 1,474,925
Depreciation charged in the year 27,017 67,383 94,400
Eliminated
in
respect ofdisposals (603,544) (603,544)
At 31 March 2022 358,671 607,110 965,781
Carrying
amount
At 31 March 2022 1,192,184 206,481 1,398,665
At 31 Mamh 2021 1,219,201 278,023 1,497,224

Heritage assets
Testimony data
capture
fk
Library stock
8
At 1April 2021 212,884
Purchases 110,509
At 31 March 2022 323,393

16 Fixed asset inves tments
Other
investments
Cost or valuation
At 1April 2021 &31 March 2022
Carrying
amount
At 31 March 2022
At 31 March 2021
2022 2021
Other investments comprise: Notes 2 6
Investments
in associates
17 Stocks
2022 2021
2 g
Goods for resale 52,755 57,439
18 Debtors
2022 2021
Amounts
falling
due within one year: 9 5
Trade debtors 22,710 3,201
Other debtors 66,693 8,152
Prepayments
and
accrued income 28,096 20,595
117,499 31,948

2022 2021
6 8
Bank loans 46,667 50,000
Other loans 75,782 134,720
122,449 184,720
Payable within one year 71,633 65,800
Payable aRer one year 50,816 118,920

Creditors: amounts falling due within one year
2022 2021
Notes 6 6
Bank loans 10,000 4,167
Other borrowings 61,633 61,633
Other taxation and social security 37,713 15,218
Deferred income 22 28,574 21,410
Trade creditors 70,465 48,830
Other creditors 5,298 2,710
Accruals 28,417 18,025
242,100 171,993
Creditors: amounts falling due after more than one year
2022 2021
6 6
Bank loans 19 36,667 45,833
Other borrowings 14,149 73,087
50,816 118,920

Deferred income is included in the financial statements
as fol
lows:
2622 2021
6 6
Deferred income is included within:
Current liabilities 28,574 21,410
Movements
in the year:
Deferred income at 1 Apdil 2021 21,410 19,815
Released from previous
periods
(21,410) (19,815)
Resources deferred in the year 28,574 21,410
Deferred income at 31 March 2022 28,574 21,410

Movement In funds
Balance at Incoming Resources Transfers Revaluations Balance at
1April 2S21 resources expended gains and 31March 2C22
losses
6 6 6 6
Expendable endowments
Heritage Lottery Fund-
Catalyst Endowments Fund 393,720 393,720
393,720 393,720
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Balance at Incoming Resources Transfers Rexaluaaens, Balance at
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losses
f f
Designated Legacy Fund 208,965 66,693 (116,530) 159,128
208,965 66,693 (116,530) 159,128
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non-cancellable
operating
leases, which fall due as follows
:
2022 2021
8 6
Within one year 818 818
Between two and five years 1,841 2,660
2,659 3,478

2022 2021
6 2
Aggregate compensation 92,737

30 Cash generated
from
operations operations 2022 2021
8 8
(Deficit)/surpus
for the
year (318,503) 359,524
Adjustments
for:
Investment
income recognised
in
statement offinancial activities (1,625)
Depreciation
and impairment
oftangible fixed assets
157,960 272,811
Movements
in working
capital:
Decrease
in stocks
4,684 2,168
(Increase)/decrease
in
debtors (85,551) 33,771
Increase/(decrease)
in
creditors 57,110 (58,859)
Increase
in deferred
income
7,164 1,595
Cash (absorbed
by)/generated
from operations (177,136) 609,385
31 Analysis ofchanges in net funds
At t April 2S21 Cash SowsAt $1 March 2S22
8 5 6
Cash at bank and in hand 1,547,274 (345,757) 1,201,517
Loans falling due within one year (65,800) (5,833) (71,633)
Loans falling due after more than one year (118,920) 68,104 (50,816)
1,362,554 (283,486) 1,079,068