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##
||||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|
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|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|||||
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|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|
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|||||||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|
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|||||||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||||
##
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|||||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.||||||||
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|||||||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|
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||||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|
##
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||||||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|
##
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|||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||||||
##
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|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|
##
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##
||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|
##
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##
|||||||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|
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|||||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|
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|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|
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