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2023-03-31-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 ofthe financial statements 16-26

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Silk Silk
Heritage Heritage
Trust Silk Trust
Silk Heritage Endowed Heritage Endowed
Trust Chatfty Total Trust Charity Total
2023 2023 2023 2022 2022 2022
Notes f f f f f f
Fixed Assets
Tangible assets 12 1,030,630 144,658 1,176,166 ir040, 130 148,508 i,188,638
investments 13 - 202 202 202 202
1,030,630 144,760 1,175,390 1,040,130 148,7to i,i88,840
Current Assets
Stock 14 3,890 3,890 3,782 3,782
Debtors 15 26,543 99,361 125,904 t0,789 45,504 57,293
Cash at bank and in hand 89,168 63,152 162,320 155,553 if2,815 259,478
119,601 162,613 282,114 171,234 159,319 330,553
Creditors'
amounts		 falling
due within one year 16 80,330 19,626 100,168 42,450 9,775 52,225
Net Current Assets 39,271 142,686 181,956 128,784 149,544 278,328
Total Assets Less Current Liabilities 1,069,901 287,446 1,367,346 1,158,914 298,254 1,467,168
Net Assets 1,069,901 287,445 1,357,346 i,158,914 298,254 1,457,158
Charity Funds
Unrestricted funds 1,066,135 287,445 1,353,580 i,119,748 298,254 1,418,002
Restricted funds 3,766 3,766 49,155 49,156
Total Funds 188, 19 1,069,901 267,445 1,357,346 1,158,914 298,254 1,457,168

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Silk
Heritage Sdk Heritege
Silk Trust Trusl
Heritage Endowed Sdk Heritage Endowed
Trust Charity Trust Charity
2023 2023 2022 2022
NET INCOMING RESOURCES
This is stated afier charging.
Depredation 10,619 3,950 11,555 3,950
Audit fee 1,900 1,600 1,800 1,500
Other finance and accountancy fees 16,383 8,550
STAFF COSTS AND NUMBERS
Staff costs were as follows:
Salaries and wages 128,640 25,000 100,851 20,000
Social security costs 4,326
Employers pension cantnbutions 1,636 1,190
Total 134,401 26,000 102,041 20,000

2023 2022
Number Number
Management and administration
Fundratsrng
Charitable activifies

The Silk Heritage Trust Fixtures,
Land & Fittings &
Buildings Equipment Total
Cost f f f
At 1 Apnl 2022 1,202,215 121,068 1,323,283
Addaions 1,119 1,119
At 31 March 2023 1,202,215 122,187 1,324,402
Depreciation
At 1 Apnl 2022 162,085 121,068 283,153
Charge for the Year 9,500 1,119 10,619
At 31 March 2023 171,586 122,187 293,772
Net book values
At 31 March 2023 1,030,630 1,030,630
At 31 March 2022 1,040,130 1,040,130
National
Lottery Heritage
Fund.
The conditio
given of7800,000 would have to be repaid.		 ns
ofthe funding
stipulate		 d
that ifthe building was ever t		 o be sokl, a percent age
ofthe grant
The Silk Heritage Trust Endowed Fund Fixtures &
Building Fittings Total
Cost f f
At 1 Apnl 2022 309,111 105,737 414,848
At 31 March 2023 309,111 105,737 414,848
Depreciation
At 1 April 2022 163,195 103,145 266,340
Charge for the Year 3,300 650 3,950
At 31 March 2023 166,495 103,795 270,290
Net book values
At 31 March 2023 142,618 1,942 144,668
At 31 March 2022 145,915 2,592 148,508

2023 2023 2022 2022
Nominal Market Nominal Market
Silk Heritage Trust Endowed Charity Value Value Ilafue Va/ue
City of Manchester
3%		 371 202 371 202
371 202 371 202
611k
Heritage Silk Heritsge
SIII( Trust Trust
Heritage Endowed Silk Henlege Endowed
14.STOCK Trust Charity Total Trust Chsnty Total
2023 2023 2023 2022 2022 2022
Shop goods for resale 3,890 3,890 3,782 3,782
15.DEBTORS
Trade debtors & Prepayments 16,543 49,831 66,174 9,334 26,844 36,178
Other debtor 10,000 10,000 2,547 2,547
Silk Hentage Trust 41,336 41,336 17,113 17,113
Taxation and Social Secunty 8,394 8,394 1,455 1,455
26,643 99,361 125,904 10,789 46,504 57,293
15 CREDITORS: Amounts falling
due within one year
Trade creditors and Accruals 34,392 19,828 54,220 25,337 7,345 32,683
Silk Heritage endowed trust 41,336 41,336 17,113 17,113
Taxation and Soaal Security 4,602 4,602 2,429
80,330 19,828 100,168 42,450 9,775 49,796

Be/ence at Transfer Balance at
31slMarch Incoming Outgoing between 31st March
2022 Resources Resources Funds 2023
Unrestricted
Funds
The Silk Hentage Trust 1,119,748 206,872 260,486 1,066,136
The Silk Heritage Trust Endowed Charity 298,254 124,288 135,097 287,445
Total Unrestricted Funds 1,418,002 331,160 395,582 1,353,580
Restricted Funds.
The Silk Heritage Trust
Sustainable
improvement		 2,200 2,200
New Homes Bonus
Green 3,600
Arts Council Funding
Reimagine
Fund		 22,811 3,000 26,811
Hedley Fellowship 19,358 16,692 3,766
CEC West park 20,000 20,000
Town Council Grant Heritage Open Day 1,960 1,960
Warm Places 250 260
MDNW Sustainable Improvement Fund 4,373 4,373
AIM 1,297 5,120 4,947 1,470
MDNW Learning
CPD		 300 300
Total Restricted
Funds		 49,166 34,993 78,923 6,236
TOTAL FUNDS 1,487,188 366,153 474,606 1,358,816

ANALYS IS OF NET ASSETS BET WEEN FUNDS
unrestricted Restricted
Funds Funds 2022
The Silk Heritage Trust
Tangible
Fixed Assets		 1,030,630 1,030,630
Net Current assets 35,505 3,766 39,271
1,066,136 3,766 1,069,901
The Silk Heritage Trust Endowed Charity
Tangible
Fixed Assets		 144,558 144,558
Investments 202 202
Net Current Assets 142,685 142,685
287,446 287,446