Ch•rtty r•glstratSon number 609386 Company rnglstratlon number 1466860 (England and Wal) NANTWICH MUSEUM TRUST UMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NANTWICH MUSEUM TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Board 01 Manag•mgnt P K ButterMI P G Groves J H RO11 J J Seaber D Bwgr-BatO8 D Marren C Baxter R Cc41ins T Evans JPa L Parkjn J statham (•nted 5 May 20211 8•Grgtary W R Graham Honornry Trna8ur•r F Cooke Charlty numbor 509386 C¢)mpany number 1455850 R•g1•tor oflk• Th8 N¥nh Muwm Pillory Streol Nan1c*1 Cheshire CW5 58Q Ind•pend•nt •xamln•r Lyon Griffiths Limit 17 Afvaslon B1¥ Park MithJl¢wth Road Nan Cheslyre CW5 6PF Bank•rn 38 Street Nantsv Chesf¥Ye CW5 SGA
NANTWICH MUSEUM TRUST LIMITED CONTENTS Page Tru8tee8' rep Statement ofTrusto9s' resp%.14088 Statem1 of IlnwKial 8L*'ifjts'es &Jmm8ry and 0xpendr 8ixount Bar¢8 sheet 9-10 Notss lo the finandd 8tatemwrt#
NANTWICH MUSEUM TRUST LIMITED TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Board of Management present thw"r aNwal rep)rt and finanual staemthts for Iho yew ended 31 March 2022. The fin8nd818tatements have been KYep8r&l m attordance ryth the accouthng Fdiues set in note 1 10 the financial statements and comply with th8 Trusfs Memtyandum and A"deS ofA880ciat¢'on, the Compan8 Act 2006 and 'Accounbn9 and RepOrj by Charrt5 Statement of Recommended Plathce applicable lo d)8rities preparing thwr accounts In Cordar wth the Financthl Repjfb'ng Stsndar(l applicable in UK and Republic of Ireland IFRS 1021" amnded for accwnb.ro pedod8 conMneThirKJ trom 1 JanLHry 20181. ObIKtlV and act1v1 The objectives for which the Trust 58 eStal$hed are to advance th& educallon of the Plknlk In matters relating lo the history, commerce. archrtedure and soaal aTrJ cxjrtural developm8nt of Nan'ch and ils enviTon$. In lurtherancè of these objectives, the Trust has estsblished and maintains a mlwum. The Trust continues to d$velop the museum to create a INdy, intera¢thve displ¥y apwals to all ages. Regular temporary exhibrtions are staged to stimulate local intarest and to complement schoc4 c#JrTicula. The Trust employs a fvll me Manager. a part time •Jministrator and 8 paid Saturday assistanL Th8s0 aro assistod by a lary number of volunteers. Thè Board of Management c>)nfirni that tsy have fekned to tho Chgrity CLynMiM]n'¥ 98rnral guNJan( on publi¢ bgnefft whgn reV1thfig TnJ8f8 objectNe& Achlev•m•ntB and perlomMnc8 Th• 202112022 year, saw an albert palchy fetum lo nrmal cperydticfj as Covid réslric"ons wgro prcyresslvdy Ilfted, relmposed. and rdaxed again as varlants of bin58 passed Ihrough the commLmty. Our major Exhibthon on melli1 matters, dlsease, and treatment- 'Ouch a horrible history,, took place In the summer. Subsequenliy the Museum has hosted 8ever81 third paty 8hNs and held a first 8XhIbOn rekling lo LGBT+ history. T8lks remained online but wJlknng tours and 8chool 8tt6 have re8um8d. VlsWor nLKnbgr8 have begun lo rebuild Ixrt remwn bel¢)w prtrpandemic numbern. Ther• h88 been signiflcant behind the scenes w, Lmglamorou8 4t may ,. the museum'#Arb'dg$ and supporting documantstion has teen reviewed and brought up to dale. induding a new Volunte8rAgieemenl lo on$ure smc)th runnlng and good conduGL For the fvlure, ideas lo reimagine Ihe museum and its Goplays and to fe8¢h out lo aLthrte8 have begn devèlwng, together wth a proposal to seek Sup1 from the Hentsge Lottery Fund. conJnuirffJ support frc¥n N¥nch To•vn Counul and Chgshire East n¢, kYovKJ88 core fuTrJiThJ for Ihe museLNn, is gratsfvlty ad(rthvt¢dged. Flnanclal r•¥lew Unreslrided funds al the e1 of tho finan081 yw totalled £146.603. a de$gnated fvnd of £8,627. It 18 the polw of the Trust that unrestrictod funds vthich have nc)t bw) dewgnated for a spec¢fic use should be maintained at a level equvalent to six mrxths, 8ndrtu. The Board of Management considers that reserves at this level wll ensure tha( In the event of a svJnifKant drop in funding. they win aNe lo conb.nue the Trusys current activ)tse5 while consideralion is gIn to ways Ni whth 8fJ(lItio funds may b8 raisod. This level of reserve5 has been maintw'ned throughout the year.
NANTWICH MUSEUM TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The Board of Management h88 a88e888d the m8ior risks to T is exp)sed. ond are satssfied Ihal systems ar8 in place to mitigate exposure to the major risks. Ccon8vlnJs caused the museum to have 9fiCanty rethed Income tr sevef81 monlhy of Ihis finanual year. Hcwevor. due lo legacy income from a former muswm Volunt ded the y8¥ in a sdid financial state. The Board of Managem8rrt is satsfth th8t 8vfficient fundiwvJ *ill be availatle for the Museum to continue operating for the foreseeatle future desprte the onwng ccfflcems atoul C<Kon8viws and the current state of tha 8¢onomy. At this point it is extremdy drfficutt lo accurntdy budget for the financAal yeaf ending 31 March 2023 duo to these uncertalnliès. The Boafd predicts a loss in range of £10.ofA)- £12,000 for our day-to day aclNilies. This exdudes various onwThJ major structural improvements lo the fabric of the museum. This potential108s and planned improvements wll be accommodated by our •Jequate reserves.
NANTWICH MUSEUM TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Structure, govarnan and management Th• Trust is £xnslilLtted as a company limrted by guaranteo and is therefore governed by rts Mgmorandum and hJtsdes ofAs8OLyalhin. The Board of Management, who are alw the tTUStees of the ¢hanty and dir•¢tors for the puw of company law. and who served duriry th& yw and up to date of Tratre ofthe frn¢jaI 8tatemerrts .. P K Butterill H Cooka P G Grove8 P M "1khaM J H Rsell J J Seaber D Bowyer-Bale$ D Marren C Baxter R Collin8 T Evan¥ J Park L Parkln J statham {ResvJn8d 5 May 20211 (Apwnled S May 20211 The consfjluuon of the Board of l41anagen1 Is as fc4lcA¥8'. No more than slxteen memters ol whlch 2 are nominoled by Che8hSr8 East Councll, 2 by Nanlwc T¢)wn Council, 1 by Nanlch Lo1 Historical Sc¢iety and 1 by NanhM'ch Ciwc &xi8ty, wth the remalnder bèing elected by tho m•mber8hl). The Boord COV0 to bè merntW8 ofthe Board rf vacandos e8t The dlrector5 appointed by the membership 8er¥e for a period of three years. They aro nol eligible for re 8ppoinlment In the year Imrnedialdy su8(ng th8 ending of t1r three•year lem 4ihough IW may be c opted durin9 the per. The tre88urer, 8ecretary and often membership $tsry 8ttend the Board of M8nagemenl mgelitw bui arè ncrt direGtor8 of Tru8L Nfjw director8 e given trwnlNJ on aPF¥J'ntmenl reg8rding the thwty's aims, their legal obligation$ under Company and charity law. the oparabon ofthe muswm and the deosion•making process. the thantys future development plans and the charrty's Tecent finawal perfefflianca Tanglble flx•d •ssets In use by th• trust The tangible fixed assets In use by the Tnjst hovo been financéd tho elOPMent fiJr and othw gr8nls re1v. The accourrting treatment adople(l in resped of these a$8ets is detailed in noto 1.5 to thè8e finanoal statements. The Trust is based in o bu4th.ng whith is le8s•d from the Cheshire East Counol on a p8ppercom rental. Th9T wa$ 8pproved ty the Board 01 Managem*rt. ns Chai Dal anagement
NANTWICH MUSEUM TRUST LIMITED STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2022 Th9 Board of MarswenL vrt are th the dir&kn of NanfvKh Museum Tru¥t Lwnrt&J for the purpc8e of company law, are responsible for pr8paring th8 Trustoes, Rekyffi and th& finanoal ststemenls in euordanea wlth applicable law and Unrted Kingdom Accounting sLdards (Uniled Kiwjom Gen&ralty Accgptad AcntIng Practice). C(¥np8ny requires the Board of Management to prepare financd statements for financaal year vth giv6 a true and fair view of the slate of affairs of the Trust arrtj of incming rtscMJrce8 arJ appIatIon ol resources, induding the income and expIditure. cl the dwrtable company for that year. In prepadng these finarKial ststements. the Board of Managem•tt are reqreAl to.. - sèled sutt8bJe pc4ioes an(J then 8PPty th8m C4nstan. - obr¥• the mèthodB and prinryplgs in the Chantios SORP". - makgludgomenl8 arn108timate8 that are rea8cfflalAe and wudent.. - stsle whether apICable UK Accounting StarKlards havt been frAIu4¥ed, Subj'ect to any mo18rial departures di8clo8ed and explalned In the finanoal ststemerrts.. arKI - prepare Ihg fin8ndal statements on the goong (x>nc•m basis urths it is Inappropnat• lo presume that the Tiu81 11 wrfnue In OFf8llcn. The Board ol Management are respcm81ble fc kewng adequate accounting record$ th8t di8d08e vhth reasonablg accuracy 81 any lim8 the finanoal posrtlon of the Trust and 8natrA8 them lo ènsure that Ihe finandal statements compty with the Companies Act 2006. Thay are also respor1b18 for safeguarding tho assets of tho Tfu$I ond hence for taking rea80n89 steps for preVentn 8nd deleth"M of fraud and other irregularilig$.
NANTWICH MUSEUM TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF MANAGEMENT OF NANTWICH MUSEUM TRUST LIMITED I roport lo the Board of agement on my exIna)"On of the statements of Nanfvith Muwm Trust Limited Ithe Trust) for the year 8nded 31 March 2022 vth'¢h compnse the slalement of financial activities, the balance sheet and tho notes to the finaAcAai statements. induding a summary of sigtwficant accounting ry)liryes. Thi8 report is made sc4ety to fv charitable ¢ompanYs tru51ees. as a t)Jy. in arthance v4th Chaptsr 3 of Part 18 of the Compani88 Act 20[ and the tharitable ¢¢JnpanVs truslees as a body in accordan wth section 154 of the Charities Act 2011. My independont examlnerfs Irk has boen undertaken so that I m1 stale lo the charitablo company's trustees those maiters l am required to statg to Ihem in an independent examinerfs report and lof no other purpose. To the fijllest extent pemiitted by law, I do Ml accept or assume responsibility to anyone other than the tharitsble cofflpany. the charitablo companys member8 a8 a booy and thg charitsble companys trustees as a bc¥ly for my 1d•peTrJI examine¢s V•vth, for this roport. or for the oplnions I have formed. RMpon•lbllltlos and basls of rnport As tho Board of Management of the Tru51 {and also its dirgdors for the wrposes of mpanY lawl ycw are responsible for the wep8ratson of the finono81 statemert8 in acClanCe Vith th? requirements of the ComponiesAct 2006 (the 2008 Acl}. Having sallsfled myself that the financial statements of th8 Tfust ar• requlred lo audlled urKleT Part 16 of the 20C6 Act ar¥J are eligible for independent examinth"on. I report in respect of my examination of the Trusts finanaal ststem9nts came(J out under soction 145 of the Chants8s Act 2011 (the 2011 Actl. In carrying out my ex8minatlon I have followed dl the applicable Diroclions gwen by the Charity Commi8'on under 145{5)Ibl of tha 2011 Act Ind•p•nd•nt •xarnln•rf8 •t•t•mwt I have completèd rny examinatn. I confimi that no m8tt0rn have com to my attention in connection the examination giving mo c8use to belleve that In any material resped.. accounttng records W•fe not kwl In respect of the Trnst as requirèd by 8edlon 388 of 2008 Act.. or the financial statements do not accord wth thoso rerS." the fin8n¢i81 slalemenls not CoMY with the aw)untiry roquirements of sectw 398 of Ihe 21]08 Act other than any requirement that the account8 glve a true and fair vlv4¥ Is not a mattor considered as part of an independent examination.. or the flnantsal ylatements have ry)t been prepwed in 0ccord¢0 wmh the methc4a$ and pnnaP of the Statement of Recommondad Price for xcounb.ng and porting by charities applicable to charit preparing th¢ir accounts In aCCee the Fillancl Re[1rj Stsndard applicgbla in tha UK gnd Reput4ic of IrelarHI IFRS 1W2). I have no concem8 and havo come across no cthèr mattern in c(Kwtion th thg oxamination lo attentic shojld be drawn In rOF4Yt in orderto enat4e a proper enCIng of the finatKxal statements to roached. Robert Morris FCA Lyon Griffith5 Limiied 17NJvaslon Bus1r&S Park Mlddlewich Ro* NanlwK Cheshire CW5 6PF Dat..
NANTWICH MUSEUM TRUST LIMITED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2022 Current flnanclal year Unr•strlct•d R•8trkted Endowment funds funds funds 2022 2022 2022 Total Totsl 2022 2021 Not08 Donats'ons.18we8 and grnnts Charitable actNilies Other tradlng ac'vitIeS Investments 83.272 22.328 91,206 22,328 1.999 99 95,392 8,510 579 98 Total Incom• 107.698 115.632 104.579 Charitable adivsts'es 78,509 6,075 82,584 64.036 Net gain8llkJs8es) on Investrmnts 11 517 N•t movem•nt In fund• 31.189 1,859 33.218 41,080 Fund balarKe8 at l April 2021 115.414 22,429 3.184 141.027 99,987 Fund balanc88 at 31 11a 2022 146,603 24.288 3.352 174,243 141,027 Th6 Btatsment olfinanaal activiti08 indud•s all gains w#J1088e8 rwnised in tho year. All Income and e>wnditure derivo from corrtlnuto acimles.
NANTWICH MUSEUM TRUST LIMITED STATEMENT OF FINANCIAL ACTivrriES (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Prlor flnanclal year Unr•strktsd Rtsstrlcted EndowTnent lunds funds fund¥ 2021 2021 Totsl 2021 Donations, 18gades and grants Charitsble activities Other Iradlng aCtitleS Investments 81.541 8.510 579 98 13,851 95.392 8.510 579 98 Total In¢om• 90,728 13.851 104,579 Charitabl8 activiti88 51,389 12,647 84,038 Not gainsll1088esl on Smi8slm8nts 11 517 517 Gross transfers befvrten furJB Not movement In funds 12,2021 37.137 2,202 517 41,CfjO Fund balarw8 at 1 Aprrl 2020 78.2TI 19.023 2,667 99,967 Fund balancfts •t 31 March 2021 115,414 22.428 3,184 141,027
NANTWICH MUSEUM TRUST LIMITED SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 All Income funds 2022 2021 Gross income 116.632 104,579 Total 9>¥endilure from income funds 64,0 Not Income for th• y•ar 40,543
NANTWICH MUSEUM TRUST LIMITED BALANCE SHEET ASAT31 MARCH 2022 2021 Flxod assets Tangible assets Investments 12 13 825 3.352 879 3,184 4.177 4,083 Current as¥•ts Stocks Debtor$ Cash al bank and In hand 14 16 6,326 12.820 154.037 8.813 9.101 123.922 173.183 141,638 Cr•dltorn: •mounts falllng du• vAthln on8 y••r 13,11T) (4.6721 Not CLtrrgnt a$8•ts 170,L 138.W Total as••ts l•s• curr•nt Ilabllltl•¥ 174,243 141,027 eApltal fvnd$ Endowment thJnd8- general Incomo fund* Re81ricied fund8 17 3,184 18 24.288 22,429 Designated bjnds General unrestrided frjnds 19 8,627 137,978 8.627 1(K.787 146,603 115,414 174,243 141,027
NANTWICH MUSEUM TRUST LIMITED BALANCE SHEEf (CONTINUED) AS AT 31 MARCH 2022 The company is entiued lo th8 exempts.( from the athlrt requirement ¢t&"ne In 8eth.on 477 of the Companies Act 2(106. for the year endèd 31 March 2022. The dire¢th acknowlo&Je thelr re8pon8fjblle8 Comr0 the requirements of the Companie8 Act 2006 The members have not reqLllred the ¢xmpary to d8in an aLJit of fmancial 8latements tr the ar in quèstion in &cofdance *fjth 476. These financial Ststemenls hève been wepared in 4(tordan¢e 1th wovi8kn8 ap1¢ae to comp8nie8 8ubjed to the small MpanIeS rwme. Tha %ixir• 8pproved ty the Bc4rd 01 manag (m ........... .. Company roghtratlon numb•T 1456860 -10-
NANTWICH MUSEUM TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 hlARCH 2022
Ac¢ountlng pollcle8
Charfty Infornatlon
Nantwith Muswm Tnmt 'Mbled is a wivate company by guarant98 incorpxated in Engt8nd and
Wales. The registered office the Itin of the museum is at The Nantrhi¢h Museum. Pillory Street,
Nantwbth, Cheshire, CW5 5BQ.
1.1 Accountlng ¢onvntlon
The financial statements have been prepw&J in cc(dar ¥&ith ts Trusf$ MenK)ranthJm arKI Artid88 of
Associatson, th& Companies Act 20C6 anil "Accounting and Reporbng by Chanb'es.. Stslemenl of
RecommerKted Prathce 8pplicatrJe lo Charit prepan'ng their accounts in accor¢Jance wrth the Flnancial
Reporting Standard apF4icable in the UK and Rewbli¢ of Iland IFRS 1021. las amended for a¢counlit¥J
P8rfod8 commenrAng from 1 January 20161. The TN8t a Public 8enefft Entrty a5 define
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CoriNUED> FOR THE YEAR ENDED 31 MARCH 2022 Accountlng polkl•8 Icontlnuedl 1.5 Tanglble fixed assets Tangibl8 fixed assets are inrtialty MeaSLw al cost and subswwonuy measured at cost, net of d8predab.on and any Imwrmfjnt1088es. Daprecialion is regnIsd so a5 to lte off th8 cost of assgts b8ss th•'r fgsKlual Vall over Ihelr Ltsefvl Ilves on thts fo1bvng bases.. Leasehc4d improvements FiKturg8 and fittJ'rKJs 15% Slraight lir 25% Straight h. The gain or 1088 aring the di8posal of an asset Is detemined as the dffterer beh¥een the 98le pfocaeds and tho carrying Val of tho asset, and is recoJnwJ tha slatsmant of financial a¢b"v.88. Th8 w818 ol Improvlng the museum building8 arKI dl$F48y8 8rg fin8ncod by the development fijnd and other grants received arKI arg vmtten off tjunng the year in vthieh they are in¢urrgd. These improv•menls ère Ihereforg not valued in the charty8 bala1 shèèt A note of trrtal expenditu WTsttèn off is 9Sven in note 12 to the ftnanaal statomgnts. 1.6 Horltago assets The co8t8 ol purcha8irg heritsge 8s88ts are fin8rthl by 8peafic gr8nls or 8 pur¢h88e fvnd and are wntten off in the y8ar they aro •rurred. Therefore the acqu1wts' co8t of hwrt8ge 8s68ts 1$ not shcmm In the Trusts balance 8h••t. The cost of restorirvJ or ¢ons•rvir•J hrtage a68et8 18 wntten off as incurr•J. The Trust has not incorporated a valuab'on of herltage as8ets in thè final181 statots a8 the benefits ot dolng so arg outi¥¢ighed by the co3ts of obtairung Jch a valualJ"on. 1.7 Flx•d a¥8•t Inv68tmonts Fixed asset investmgnts are inth'ally m8awr8d ot tran8aaiM Pri oxdudlng transactton #ts, ar• sub¥equenlly measured at lair valuo at each reporting date. Changes in fair value afe rnLwnlsed In 1 Incomèl{expenditurel for the year. Transaction costs are expensed as incurred. IA Stoc Stocks are staled at the lOT of cost and nel reth'8abfe value. 1.9 Flnan¢lal Instrum8nts The Tru81 has elected to aFpty the wo¥lsOon$ crf Se¢b'on 11 '89* Finand81 In8lruments' and Seth'on 12 'Other Fina10[ Instruments Issues, of FRS 102 to all of its finarKld insiruments. 1.10 Rotlrement b9ffl$ P¥yment8 lo dnl ccffltriti0n rellr•menl sd)emes we tharged as an eKpense as they fan due. 12-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 CrItI• accountlng estlmates and Judgenients In the application of the Trust'5 acwunting pc4tcies. the Board of Management are required to mak8 judgements, estimates and assumpbons aboul the carrying amount of assets and liabilits.es thal we nol rgadily apparent from other sources. Thg estimates and asswated assumptions are ba*l on historical experience and other factors that are N$1re to rdavanl. Adual regjlls may differ from thèse estimBles. The eslimatss and und8rfw.ng assump$ are reviewed on an ¢Y1ng ba8. Revi8ion8 to accounllng estimates a recognlsed in the penod in the estimate 1$ wsed vthere the vIsion affects onty that period. or in the pellod of the rSn 8nd future peri($ trO the reon affects both current and ftrture periods. Donallon$.1gga¢lM and grnnts Unr•s¢rl¢l•d Ro•lt•d fund• funds Totsl Unfystricted R88trthd nds fjJrKI 2022 2022 2022 2021 2021 2021 Donatsons aNJ 9ffts LegarAe8 raVable Grants received Insurance claims Icovidl 38.238 36.421 2.936 41.174 38,421 4,998 8,613 35.271 1.221 38,492 48,270 12.830 58,900 8,813 83.272 7,934 91.206 81.541 13,851 95,392 Don•tk>n• and glft• Council contn'bLth'ons Donation8 32,Th)0 9.174 32,000 4,492 6.238 2,9 3.271 1,221 38,238 2.936 41.174 35.271 1.221 36,492 Grants roc•lvabh for cor• actSvltl•s Job retèntion s¢hwn• grants Other g0vemml Covid 19 rdated grant8 Collection care grants Other project grants Other 4.220 4,220 42,050 4.986 7,500 47,036 7.500 4.998 4,998 144 144 4,998 4,998 46,270 12,830 58,900 13-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltable actlvltS8s 2022 2021 S¢hod arKi rtreach receip*8 Incune g$n&rated from tslks tOLn Shop income Commission on art S•$ Othor incAime 3,253 4.812 11,717 30 2,516 285 3,442 3,407 1,376 22.328 8,510 Oth•r tradlng actlvltl•• UnvMtrf¢tsd Unrestridèd lund• 2022 2021 Hire of room$ Fundraising evonts 393 1.8r 109 470 othor tr8dlng tthrtl88 1.999 579 Invgstmgnts Unr•strlct•d Unrwlrictod fund• funds 2022 2021 Income from1I8ted Imieslment8 14-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charltable a¢tlvrtl•8 2022 2021 Staff cost$ Depreciation ifflpoirmenl Shop purchase8 Repairs. deaning and mwntenan Water rates Heal and light Insurance Health and 8alety Alarms and secuity Printing. postsge and slatioray Genoral expenditu on displa Telephone and rr Sutxrlplions and puNcty Education and c8tortrKJ Sundry expenses Other thafrtable experbJrtL 39.598 293 1,621 420 871 4,347 2,207 145 1,030 442 372 6.849 5.690 789 5,105 835 1,030 608 ij 2.470 1,938 585 188 107 7.768 129 8,986 80,558 62,676 Share of govefnance co8ts1888 81 2,026 1,360 82,584 64,036 Analy•ls by fund Unrestricigd fvTras Rgslricted fiJnd¥ 76.509 6,075 51,389 12,647 82.584 64.03e Other Chtable expenditure 8s shcmm atthe expre on Re8trid8d Funds of £6,075 (2021 £8,298), and staff costs inc4 exditm on Re*rid8d Fund8 of£NIL12021 £4,349). 15-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEmErs (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2022 Support costs Support Gov•rn•nct 2022 supp GovemarKe 2021 Accourrtancy Legal and professlon 1,360 1,360 2,026 2,026 1,360 1,360 Analy8ed eOn Charrtable activiti88 2.026 2.1Y20 1,360 1,380 Included In accountsncy are fee8 10 independent examlner of £6th) (2021 £800) re the 8xaMln8Ie and £760 {2021 £7601 re acc•JJntancy paC41801$. Board Of M•n•g•m•nt None ol the Board of Management lor ary pgrsons Cn$ed ¥th t1> recthied any remLmer8tlon or benth freffl the Tru8t ln9 tho yw. 10 Employo Numb•r of •mploy••• Tho avorage monthly numtw of 8mploye68 (knng year wa8.. 2022 Mumbèr 2021 Ilumber Ollke and managent Employmont co•ts 2022 2021 VK¥ges 8ThJ 8aLqTies Other pensIC costs 43.854 2,752 38.398 1.200 39,598 There were no employee8 V4The anrwa reMtiOn was £80.0(Ml or rn(e. 16-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Net galnslllossesl on Investments End0nI funds genernl 2022 Total 2021 Revaluation of investh)ents 517 12 T•nglblo Ilx•d as••ts Cost At 1 Apn'l 2021 Addlilons 8.781 5.937 317 12,718 317 At 31 March 2022 6.781 6,254 13,035 D•pr•clatlon and Impalmwnt At 1 April 2021 DepreL?atltsn charggd in ts year 6,781 5,057 372 11,838 372 At 31 Marth 2022 6,781 5,429 12.210 CaTrilng amount At 31 March 2022 825 825 At 31 March 2021 879 879 Costs of bLdlding 8nd d8play improvements lotslliThJ £281.019 twe been 8PWrt In earfier yeafs ar financed by a devekpment fvnd lo the same value. This total improvement expèr*thbJfe ¢kns rb)t app8ar in these financ1 slatgments having been matcw ty the deVeh)pMI fLWKI. 17-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Flxed as$•t In¥•slm•nt8 Llstsd Invmtmonts Co•t or Yaluatl¢n At 1 Ayil 2021 Valuation th8ngos 3,184 168 At 31 Mgrch 2022 3,352 CaNylng amount Al 31 March 2022 3,352 At31 Marth 2021 3,184 2022 2021 Inveslments al fair value cofflw8e'. Bla¢k Rock- Chafrties UK Bond Fund Blad( Rock- Chantle8 UK Equty FH1 498 2,686 2.892 3,352 3,184 These investments are part ofthe Dutton medl)n FuTrJ w88 prtr¥I( to make an annual award to citizen of Nantwd) In fecognition of his ¢y her seryKe$ lo the local communty. The Investments are Induded in the ffinartial ststements al tsir value ¥tlch 18 based on the market value of th& units. The ortqinal cost wa$ £400 for the cht4iti.es UK Bond Fund units and £600 thè Charities UK Equrty Fund unrts. 14 Stock• 2022 2021 Finished go)d8 and gcJds for resale 8,326 8,813 18-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 0gbtoY¥ 2022 Amounts falling due *th1Th on• year. Trade dgbtors Other debtors Pfepayments and accwéd income 2,441 8,557 1,822 2,648 4,691 f.762 12.820 9.101 18 CrodltOfS: amounts falllng du• wlthln one yuf 2022 2021 Other lax81ion and Koal sewrity Trade editorS Ac<xuals and dderred incomg 451 516 2,150 712 2,216 1,744 3.117 4,672 19-
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NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Restrfct•d ndS The income fvnd8 ofthe charity Inde resln.txed fvnds c(¥nprising the fokn¥ing unexpttnded baanc8$ of donalitN)s and grants held trust for speafic purpose$.' Alovoffl•nt In fvnds IW2021 •xp•fithd 31 I1•h 2022 Che8hiro 8nd Ch8sterAfchagology FurM1 Dgmentla Fund Civil War Prqect Family Fnendly Prolecl Nisa Grant Sustainable Improvemont Fund Priestley Exhibthon Environmental SuslwnaLIIrty Kitchen Fund Manchester Univerwty- CostLNne Colle¢lK lthenbury Hoard Fund Digit81 Project Contempxary Colledirvj Prgera Nanfv4ich Spe081 Inter¢sl Group Gaswork8 14,0(KJl 12051 3,51)0 4,470 1,138 589 3.531 973 3.739 1.138 589 3.794 973 938 1283) 337 142 2,500 337 142 2.5C4) 531 611 975 2,495 16901 18871 1251 (51 1.498 1.000 2.500 2.000 22,429 7.934 18,0751 24,288 -21-
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Restrlcted funds (Contlnu•dl The Cheshire West and ClwArChaed is ts r8mwiry balance of m19$ to be Jlcoted to 8 8F4cific project in the fLrture. Tho Dementia Fund was set up to run the DThntTra Frwdship GroLP M15 triCO a month and 1$ nded by dOtionS from p8rtiopants and outsKle organh88ti¢)ns. Tho Civil Project 1$ a Kwect set to devd¢)p the rn1 Ytyjr Sw. 98llery into 8 pemawnt ovil war exthibition 8pace. The Family Friendly Project was set up to er{ famdias to vi&1 the museum and further fund# 8ince been r8ceiv•d to fvrther these otyecbves. The Nisa grant Was 18Thd g8n8r81 mu$8um marketing efforts 858Ctiat8d material5. The Su6taJnat4e Improvemènt Fund 18 to improvément to thè mu.6 ¢Jverall phwcal eolkntlon storage faalth'os. The PriesU8y Exhitdlon Fund covèrs thè cost to wrta8e and preparè materials a660ualed marketsNJ for an •xhibthn ab)ut Jogeph Pr8tley v#tK lived bnefy in Nantwth. The Environmental sustaina11fy Fund 1$ to engt40 the 4mplemontsli of energy efficienl up9rades lo the Fthysicol mu8eLm. Thg Kilchgn Fu1 is a fund 8et up for dallonS towards the cost OItt mLryoum kitthen r•novatlon. The Mahester Unverslty Costume coll8¢t1 ftm(ng was gianled frw Musowns Developmgnt North st's Sustainable Improvement FUNJ lo m costumo ¢are. Tho Wr&nbury Ho8rd fund is m8do LP of donab.S mado following an appal lo r818e ftjnds lo purchase hoard ¢Jiscovered In Wenbury. This ho2d was dedared as Treasure Tiove and wa6 purchased after th• yearénd through the Bntish Museum. More money than expected was raised and so this wll be allocated to improving the Museum's Treasure thspl8y by prowding additnal inlerpret8kn.on and p08sibly some ¢JisF4ay mounts. The Dlgttal Prc4ecl Fund L8 a loinl project with Macde3fidd Mu8am to prothKe a dlIa4 offer for sch13. The Contemporary Colting Project Fd 18 fc the deveknpment ofan LGBT exhibrtlon. The Nantich Speual Interest Group Fd rdates to for the Sports Exhibthon. Th8 Gasworks FurM# is for the deVdOpt of an exhibikn events connected to the 811a of the town's fomier gas works.
NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 19 Deslgnatsd ndS The income funds of the charity thdude the foll1rJ des9Tted funds vthith have been set aside out of unrestn'cted funds by trustees for purposes. movOnt In fund$ lovoment In funds •nc•at Intomlng B•lanc• •t l Awm 2f20 rnts1)urtO 1 Ayll 2021 rwourc•• 31 IAartth 2022 Devekpmènl FurKI 8.627 8,627 8,827 8.627 8,827 8,627 Thè D8vglow)ent Fund was sot up to put fvnd8 aside for mu88um imkY¢wements.
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NANTWICH MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 21 Relat8d party tr•n¥ac¢lons There were disdosablo relaled paty tranwtion5 during the year (2021 . nong).