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2021-10-31-accounts

Page
Trustees' report 2-5
Statement oftrustees' responsibilities
Independent
examiner's
report
Statement of financial activities
Statement offinancial position 10
Statement ofcash flows
Notes to the financial statements 12-25

Trustees Lady Peronel Katherine Cruz
DrAnne Sophia Forgan - Chairman
Mr Richard
Kornicki
Mrs Barbara Woroncow
Mrs Sarah Booth
Mr John AG Latimer
Dr Jeremy Coote (Appointed 20 April 2021)
Dr Marcella
Sutclifle		 (Appointed 20 April 2021)
Officers
Honorary President The Marquis of Normanby
Honorary Treasurer ofthe Trust Mr John A G Latimer
Honorary Treasurer ofthe Management Mr Neil Sister
Committee
Chairman of the Nlanagement Committee Mrs Clair Stones
Charity number 517546
Principal address Grape Lans
Whitby
North Yorkshire
YO22 4BA
Independent examiner N Clemit ACA, FCCA
JWPCreers LLP
Chartered
Accountants
Genesis 5
Church
Lane
York
YO10 5DQ
Bankers Barclays Bank Pic
PO Box13
St Nicholas Street
Scarborough
YO11 2HS
HSBC Bank Pic
4 Baxtergate
Whitby
North Yorkshire
YO21 1BD
Museum Mentor Jane Glaister
Investment advisors Cazenove
Capital Management		 Limited
20 Moorgate
London
EC2R 6DA

CURRENT FINANCIAL CURRENT FINANCIAL CURRENT FINANCIAL YEAR
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general designated
2021 2021 2021 2021 2020
Notes 6 6 8
Income
Oonatiohs
and		 legacies 8,280 35,078 43,358 14,016
Charitable
activities		 t08,7SS 27,500 8,253 142,541 117,404
Investments 4,742 4,742 8,146
Other income 27,317 27,317 533
Total income 147,127 62,578 8,253 217,958 138,099
Expenditure
Raising funds 5,777 495 2,880 9,152 15,070
Charitable
activities		 109,246 15,195 28,284 152,725 155,038
Total expenditure 115,023 15,690 31,164 161,877 170,108
Net income/(expenditure) before
investment
gains/(losses)		 32,104 46,888 (22,911) 56,081 (32,009)
Nat gains/(losses) on investments 27,323 27,323 (27,157)
Net income/(expenditure) before transfers 59,427 46,888 (22,911) 83,404 (59,166)
Gross transfers between funds
Net movement in funds 59,427 46,886 (22,911) 83,404 (59,166)
Fund balances at 1 November 2020 327,509 301,022 1,529,861 2,158,392 2,217,558
Fund balances at 31October 2021 386,936 347,910 1,506,950 2,241,796 2,158,392

Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2020 2020 2020 2020
Notes 6 6
Income
Donations
and		 legacies 10,131 3,885 14,016
Charitable
activities		 55,038 62,366 117,404
Investments 6,146 6,146
Other income 533 533
Total income 71,848 3,885 62,366 138,099
Expenditure
Raising funds 11,060 4,010 15,070
Charitable
activities		 86,397 16,231 52,410 155,038
Total expenditure 97,457 16,231 56,420 170,108
Net income/(expenditure) before investment gains/
(losses) (25,609) (12,346) 5,946 (32,009)
Net gains/(lasses) on investments (27,157) (27,157)
Net Income/(expenditure) before transfers (52,766) (12,346) (59,166)
Gross transfers between funds 161 (161)
Net movement in funds (52,605) (12,507) 5,946 (59,166)
Fund balances at 1 November 2019 380,114 313,529 1,523,915 2,217,558
Fund balances at 31 October 2020 327,509 301,022 1,529,861 2,158,392

2021 2020
Notes f 6
Fixed assets
Intangible
assets		 12 2,200
Tangible assets 13 376,867 397,899
Heritage assets 14 1,419,511 1,411,661
Investments 15 177,643 150,320
1,976,221 1,959,880
Current assets
Stocks 16 11,628 13,095
Debtors 17 13,106 12,033
Cash at bank and in hand 245,154 176,686
269,888 201,814
Creditors: amounts falling due within one year 19 (4,313) (3,302)
Net current assets 265,575 198,512
Total assets less current liabilities 2,241,796 2,158,392
Income funds
Restricted funds 20 1,506,950 1,529,861
Designated
funds		 21 347,910 301,022
General unrestncted funds 386,936 327,509
734,846 628,531
22 2,241,796 2,158,392
The financial statements were approved by the Trustees on 8April 2022
Mr John A G Latimer
Trustee Trustee

2021 2020
6
Cash flows from operating
activities
Cash gerterated
from/(absorbed
by) operations		 74,676 (20,696)
Investing
activities
Purchase of intangible assets (3,300)
Purchase
oftangible
fixed assets		 161
Purchase
of hentage assets		 (7,850) (7,000)
Purchase
of investments		 (147,395)
Proceeds on disposal
of investments		 147,782
Investment
income received		 4,742 6,146
Net cash used
in investing
activities		 (6,408) (306)
Net cash used
in financing
activities
Net increase/(decrease)
in cash and cash		 equivalents 68,468 (21,004)
Cash and cash equivalents
at beginning		 ofyear 176,686 197,690
Cash and cash equivalents
at end ofyear		 245,154 176,686
NOTES TO THE STATEMENT OF CASH FLOWS
Cash generated
from operations
Surplus/(deficit)
for the year		 83,404 (59,166)
Adjustments
for:
Investment
income recognised
in statement		 of
financial activities (4,742) (6,146)
Fair value gains and losses on investments (27,323) 27,157
Amortisation
and impairment
of intangible		 assets 1,100
Depreaation
oftangible
fixed assets		 21,032 23,329
Movsrnsnts
in working
capital:
Decrease
in stocks		 1,467 2,260
(Increase)/decresse
in debtors		 (1,073) 384
Increase/(decrease)
in creditors		 1,011 (8,516)
Cash generated
from/(absorbed
by) operations		 74,876 (20,698)
Analysis
ofchanges
in net (debt)/funds
The chsiity had no debt during the year.

Charitable Charitable
Income Income
2021 2020
8
Income from admissions, sales of books and souvenirs 81,178 28,665
Grants 61,363 90,739
142,541 117,404
Analysis
by fund
Unrestricted funds —general 106,788 55,038
Unrestricted funds —designated 27,500
Restricted funds 8,253 6?,366
142,541 117,404
Grants
Arts Council England 1,653 22,666
National
Heritage		 Lottery Fund 27,600
HMRC Job Retention Scheme 8,179 18,373
Museum
Development		 Yorkshire 3,000
Normanby
Charitable		 Trust 27,500 3,500
Scarborough Council Covid Related Grants 17,431 10,000
The Art Fund 2,800
ACE/VSA Purchase Grant Fund 3,300 2,800
Fnends of National Libraries Grants 3,300
61,363 90,739
Unrestricted Unrestiicted
funds funds
general general
2021 2020
8 F
Unit trust income 4,730 6,000
interest receivable 12 146
4,742 0,146

Unrestricted Unrestncted
funds funds
general general
2021 2020
E
Other income 700 533
Insurance claim for interruption ofbusiness 26,617
27,317 533

Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2021 2021 2021 2021
5 E E E
Publicity and advertising 5,163 495 2,880 8,538
Investment management 614 614
5,777 495 2,880 9,152
Unrestncted Unrestricted Restricted Total
funds funds funds
general dsstgnated
2020 2020 2020 2020
E 5 f
Publicity and advertising 10,538 4,010 14,548
lnvestmsnt management 522 522
11,060 4,010 15,070

Charitable Charitable
Expenditure Expenditure
2021 2020
6
Staff costs 67,017 65,603
Repairs 15,593 6,911
Exhibition and display costs 3,980 5,761
Shop purchases 9,116 7,642
Admin
expenditure		 3,826 4,323
Botanical endeavours expenditure 2,678 13,733
Energy costs 4,268 5,031
Premises costs 5,237 7,932
Sundry 2,408 3,227
Insurance 8,670 8,604
Subscriptions 889 752
123,682 129,519
Share of support costs (see note 8) 26,403 23,359
Share of governance costs (see note 8) 2,640 2,160
152,725 155,038
Analysis by fund
Unrestncted funds —general 109,246 86,397
Uurestricted funds - designated 15,195 16,231
Restricted funds 28,284 52,410
152,725 155,038

Support co sts
2021 2020
Support costs Governance 2021 Supportcosts Governance 2020
costs costs
Amortisation of digital 1,100 1,100
Legal and professional 4,271 4,271 30 30
Depreciation
fittings		 offixtures and 5,697 5,697 5,681 5,681
Depreciation of property 15,335 15,335 15,335 15,335
Depreciation of equipment 2,313 2,313
Independent examiners fee 2,640 2,640 2,160 2,160
26,403 2,640 29,043 23,359 2,160 25,519
Ahalysed
between
Charitable
activities		 26,403 2,640 29,043 23,359 2,160 26,519

2021 2020
Number Number
Average
number ofemployees		 during the year
Full time equivalents
Wages and salaries 65,548 64,016
Staff pension 1,469 1,587
67,017 65,603
Unrestricted Unreetocted
funds funds
general general
2021 2020
Realised
and unrealised		 (loss)/gain on investments 27,323 (27,157)
12 Intangible
fixed assets
Digital
E
Cost
At 1 November 2020
Additions
-separately		 acquired 3,300
At 31 October 2021 3,300
Amortisation
At 1 November 2020
Amortisation
charged		 for the year 1,100
At 31 October 2021 1,100
Carrying
amount
At 31 October 2021 2,200
At 31 October 2020

FOR THE YEAR ENDE D 31OCTOBER 2021
13 Tangible gxsd assets
Freehold Leasehold Fixtures and Equipment Total
property property fittings
8 5 8
Cost
At 1 November 2020 580,753 99,837 207,593 6,348 894,531
At 31 October 2021 580,753 99,837 207,593 6,348 894,531
Depreciation
At 1 November 2020 308,204 13,236 168,844 6,348 496,632
Depreciation
charged		 in the year 13,338 1,997 5,697 21,032
At 31 October 2021 321,542 15,233 174,541 6,348 517,664
Carrying
amount
At 31 October 2021 259,211 84,604 33,052 376,867
At 31 October 2020 272,549 86,601 38,749 397,899

UK Investment
Funds
Valuation
A11 November
2020		 150,320
Uhrealised
gain		 27,323
At 31 October 2021 177,643
Carrying
amount
At 31 October 2021 177,643
At31 October 2020 150,320

16 Stocks
2021 2020
E E
Fiuished goods and goods for resale 11,628 13,095
17 Debtors
2021 2020
Amounts falling due within one year: E E
Other debtors 6,930 5,668
Prepayments 5,877 6,365
12,807 12,033
2021 2020
Amounts falling due after more than one year".
Prepayments 299
Total debtors 13,106 12,033

2021 2020
6 6
Income from admissions, sale ofbooks and souvenirs 80,338 27,226
Grants and donations 64,591 89,913
Investment income 12 146
Miscellaneous income 27,317 293
172,258 117,578
Expenditure incurred in the running ofthe
Museum
and		 cost ofgoods for resale (106,603) (124,027)
Repairs (16,106) (6,847)
Publicity snd advertising (8,599) (14,282)
Professional fees (3,800)
(135,108) (145,156)
Surplus/(Deficit)
for the		 year 37,150 (27,578)
Management committee cash and bank balances at 31 October 2021 164,081 126,931

Creditors: amounts
falling due within one year
2021 2020
6 6
Other creditors 2,113 630
Accruals 2,200 2,672
4,313 3,302

Movement Movement in funds
Balance at Income Expenditure Transfers Balance at
1 November 31October
2020 2021
6
Building fund 168,992 (8,276) 160,716
Display and exhibition fund 1,219,195 6,600 1,225,795
Learning centre fund 106,206 (1,997) 104,209
Botanical Endeavours fund 29,622 (14,595) 15,027
Arts Council England fund 5,846 1,653 (6,296) 1,203
1,529,861 8,253 (31,164) 1,506,950
Movement in funds
Balance at income Expenditure Transfers Balance at
1 November 31 October
2019 2020
6
Building fund 177,268 (8,276) 168,992
Display and exhibition fund 1,212,195 7,000 1,219,195
Learning centre fund 108,203 (1,997) 106,206
Botanical Endeavours fund 26,249 27,600 (24,227) 29,522
William Ellis - Mangianooa 9,100 (2,100) (7,000)
Arts Council England fund 22,666 (16,820) 5,846
Museum Development Yorkshire 3,000 (3,000)
1,523,915 62,366 (56,420) 1,529,861

Analysis of net assets between funds
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2021 2021 2021 2021
6 6
Fund balances at 31 October 2021 are represented by
Intangible fixed assets 2,200 2,200
Tangible assets 131,550 245,317 376,867
Heritage assets 192,466 1,250 1,225,795 1,419,511
Investments 89,642 88,001 177,643
Current assets/(liabilities) 104,828 127,109 33,638 265,575
386,936 347,910 1,506,950 2,241,796
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2020 2020 2020 2020
6 6 6 6
Fund balances at 31 October 2020 are represented by;
Tangible assets 142,307 255,592 397,899
Heritage assets 192,467 1,219,194 1,411,661
investments 62,319 88,001 150,320
Current assets/(liabilities) 72,723 70,714 55,075 198,512
327,509 301,022 1,529,861 2,158,392