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2022-03-31-accounts

Contents Page
Legal and Administrative Information 1-2
Report of the Trustees 3-9
Independent
Auditor Report		 10-12
Statement
of Financial		 Activities 13
Balance Sheet 14-15
Notes forming
part of the financial statements		 16-26

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Silk Silk
Heritage Heritage
Silk Trust Silk Trust
Heritage Endowed Heritage Endowed
Trust Charity Total Trust Chanly Total
2022 2022 2022 2021 2021 2021
Notes 6 5 f 5
Fixed Assets
Tangible assets 12 1,040,130 148,508 1,188,638 1,051,105 152,458 1,203,554
Investments 13 202 202 202 202
1,040,130 148,710 1,188,840 1,051,106 152,550 1,203,766
Current Assets
Stock 14 3,782 3,782 5,270 5,270
Debtors 15 10,789 46,504 57,293 15,359 27,004 42,373
Cash at bank and in hand 156,663 112,815 269,478 120,053 96,377 215,440
171,234 159,319 330,553 140,702 123,381 254,083
Creditors: amounts falling
due within one year 16 42,450 9,776 52,225 39,417 3,927 43,344
Net Current Assets 128,784 149,544 278,328 101,285 119,454 220,739
Total Assets Less Current Liabilities 1,168,914 298,254 1,467,168 1,152391 272 114 1,424,505
Net Assets 1,168,914 298,254 1,467,168 1,152,391 272114 1,424,505
Charity
Funds
Unrestricted funds 1,119,748 298,264 1,418,002 1,099,502 272 114 1,371,615
Restricted funds 49,166 49,166 52,880 52,889
Total Funds 18a 19 1,168,914 298,254 1,467,168 1,152,391 272, 114 1,424,505

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Slff(
Heritage Silk Heritage
6 Ilk Trust Trust
Heritage Endowed Sdk Herifage Endowed
Trust Charity Trust Charily
2022 2022 2021 2021
7. NET INCOMING RESOURCES
This is stated after charging
Depreciation 11,555 3,950 9,500 3,950
Audit fee 1,800 1,600 2500
Other finance and accountancy fees 15,856 10,900
8. STAFF COSTS AND NUMBERS
Staff costs were as follows:
Salanes and wages 100,861 20,000 83,970 13,000
Social security costs 2,679
Employers pension contributions 1,190 1,214
Total 102,041 20,000 87,883 13,000
2022 2021
Number Number
Management and administration
Fundraislng
Charitable activities

TANGIBLE FIXED ASSE TS
The Silk Heritage Trust Fixtures,
Land & Fittings 8
Buildings Equipment Tots I
Cost E E E
At 1 April 2020 1,202,215 120,489 1,322,704
Additions 579 579
At 31 March 2022 1,202,215 121,068 1,323,283
Depreciation
At 1 Apnl 2019 152,585 119,013 271,598
Charge for the Year 9,500 2,055 11,555
At 31 March 2022 162,085 121,068 283,153
Net book values
At 31 March 2022 1,040,130 1,040,130
At 31 March 2021 1,049,630 1,475 1,051,105
The value of Land and Buildings consists of the Museum at Perk Green. The development of this site was funded
to e large		 extent by the
National
Lonery Heritage		 Fund The conditions ofthe funding stipulated that ifthe building was ever to be sold, a percentage rfthe grant
given of5800,000 would have to be repaid
The Silk Heritage Trust Endowed Fund Fixtures
&
Building Fittings Total
Cost E E
At 1 April 2021 309,111 105,737 414,848
Additions
At 31 March 2022 309,111 105,737 414,848
Depreciation
At 1 April 2021 159,895 102,495 262,390
Charge for the Year 3,300 650 3,960
At 31 March 2022 163,195 103,145 266,340
Net book values
At 31 March 2022 145,916 2,592 148,508
At 31 March 2021 149,216 3,242 152,458

2022 2022 2021 2021
Nominal Market Nominal Market
Silk Heritage Trust Endowed Charity Value Value Ve/ue Value
City of Manchester
3'4		 371 202 371 202
371 202 371 202
Silk
Heritage Silk Heritage
Silk Trust Trust
Heritage Endowed Sdk Herifege Endowed
14.STOCK Trust Charity Total Trust Charity Total
2022 2022 2022 2021 2021 2021
f f
Shop goods for resale 3,782 3,782 5,270 5,270
The amount ofstock recognised as an expense in the cost ofsales during the year was 51,488 (2021-f2,145).
15.DEBTORS
Trade debtors &Prepayments 9,334 26,844 36,178 10,482 4,169 14,651
Other debtor 2,647 2,547 4,887 1,024 5,911
Silk Heritage Trust 17,113 17,113 19,152 19,152
VAT 1,455 1,455 2,659 2,659
10,789 46,504 67,293 15,369 27,004 42,373
15 CREDITORS: Amounts falling
due within one year
Trade creditors and Accruals 25,337 7,346 32,683 19,675 3,927 23,503
Silk Heritage endowed trust 17,113 17,113 19,152 19,152
VAT 2,429 589 589
42,460 9,776 49,796 39,417 3,927 43,344

STATEMENT OF F UNDS
Balance al Transfer Balance at
31stMarch Incoming Outgoing between 31st March
2021 Resources Resources Funds 2022
Unrestricted
Funds
The Silk Heritage Trust 1,099,502 234,469 214,223 1,119,748
The Silk Heritage Trust Endowed Charity 272,114 78,241 52,101 298,254
Total Unrestricted Funds 1,371,616 312,710 266,324 1418002
Restricted Funds
The Silk Heritage Trust
AIM 1,906 1,906
Sustainable
improvement		 2,200 2,200
New Homes Bonus 10,007 10,007
Green 3,500 3,500
Arts Council Funding
Reimagine
Fund		 105,348
27,000		 105,348
4,189		 22,811
Hedley Fellowship 26,800 7,442 19,358
AIA 22,800 22,800
University
of Manchester		 9,200 9,200
Friends of Macclesfield Silk Heritage Textile support 6,675 6,675
Friends of Macdesfield Silk Heritage Anment Egypt 7,481 7,481
Textile Society 4,800 3,503 1,297
Historic England 10,620 10,620
Total Restricted Funds 52,889 185,448 189,171 49,166
TOTAL FUNDS 1,424,505 498,158 455,495 1,467,168

unrestricted Restricted
Funds Funds 2022
The Silk Heritage Trust
Tangible
Fixed Assets		 1,040,130 1,040,130
Net Current assets 79,618 49,166 128,784
1,119,748 49,166 1,168,914
The Silk Heritage Trust Endowed Charity
Tangible Fixed Assets 148,508 148,508
Investinents 202 202
Net Current Assets 149,544 149,644
298,264 298,264