2023-03-31-accounts - Narberth Museum Limited

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			Pages
Trustees' Annual Report
Independent Examiner's Report				6
Statement of Financial Activities				7
Summary Income and Expenditure		Account		8
Balance Sheet				9
Notes to the Accounts				10
Detailed Statement of Financial	Activities		20to	21

for the year	end	e	d	31 March 2	023
						Unrestricted	Restricted	Endowment
						funds	funds	funds	Total funds	Total funds
						2023	2023	2023	2023	2022
					Notes
Income and	endowments
from:
Donations	and		legacies		4	I5,073			15,073	16,245
Charitable	activities				5	22,570	11,968		34,538	29,988
Other trading		activities			6	19,839			19,839	11,843
Investments					7	999		434	1,433	1,943
Other					8	2,230			2,230	1,238
Total						60,711	11,968	434	73,113	61,257
Expenditure	on:
Raising funds					9	7,490			7,490	7,455
Charitable	activities				10	15,199	12,608		27,807	51,819
Other					11	54,973	29,418		84,391	54,123
Total						77,662	42,026		119688	113397
Net (losses)/gains				on				(670)	(670)	1,219
investments
Net expenditure					12	(16,951)	(30,058)	(236)	(47,245)	(50,921)
Transfers between				funds		7,616	(7,183)	(433)
Net expenditure gains/(losses)			before other			(9,335)	(37,241)	(669)	(47,245)	(50,921)
Other gains	and		losses
Net movement			in	funds		(9,335)	(37,24 I )	(669)	(47,245)	(50,921)
Reconciliation		of		funds:
Total funds	brought forward					175,126	1,225,343	15,001	1,415,470	1,466,391
Total funds	carried forward					165,791	1,188,102	14,332	1,368,225	1,415,470

		2023	2022
Income		71,680	59,314
Interest and investment income		999	1,532
Gross income for the year		72,679	60,846
Expenditure		89,704	82,666
Depreciation and	charges for
impairment of fixed assets		29,984	30,731
Total expenditure	for the year	119,688	113,397
Net expenditure	before tax for the year	(47,009)	(52,551)
Net expenditure	for the year	(47,009)	(52,551)

3	Statement of	Financial	Financial	Activities
					Unrestricted	Restricted	Endowment
					funds	funds	funds	Total funds
					2022	2022	2022	2022
Income and endowments				from:
	Donations and		legacies		16,245			16,245
	Charitable activities				14,707	15,281		29,988
	Other trading	activities			11,843			11,843
	Investments				1,532		411	1,943
	Other				1,238			1,238
Total					45,565	15,281	411	61,257
Expenditure on:
	Raising funds				7,455			7,455
	Charitable activities				8,999	42,820		51,819
	Other				24,705	29,418		54,123
Total					41,159	72,238		113,397
Net	gains on investments						1,219	1,219
Net	income				4,406	(56,957)	1,630	(50,921)
Transfers between			funds		(25,621)	26,033	(412)
Net income before gains/(losses)			other		(21,215)	(30,924)	1,218	(50,921)
Other gains and losses:
Net	movement in	funds			(21,215)	(30,924)	1,218	(50,921)
Reconciliation of		funds:
Total funds brought			forward		196,341	1,256,267	13783	1 466 391
Total funds carried			forward		175,126	1,225,343	15,001	1,415,470
4	Income from donations			and legacies
						Unrestricted	Total	Total
							2023	2022
							P
	Donations and		admissions			13,223	13,223	12,245
	Grant income	(unrestricted)				1,850	1,850	4,000
						15,073	15,073	16,245

						Unrestricted	Restricted	Total	Total
								2023	2022
	Sale of educational			materials		22,570		22,570	14,707
	Grant income (restricted)						11,968	11,968	15,281
						22,570	11,968	34,538	29,988
6	Income from other			trading	activities
							Unrestricted	Total	Total
								2023	2022
							P.	P
	Fundraising		events				10,846	10,846	7,674
	Cafe sales						7,557	7,557	3,625
	Room hire						1,436	1,436	544
							19,839	19,839	11,843
7	Income from		investments
						Unrestricted	Endowment	Total	Total
								2023	2022
									F
	Dividends	received		on COIF
	investment						434	434	411
	Deposit account interest							999	1,532
						SS9	434	1,433	1,943
8	Other income
							Unrestricted	Total	Total
								2023	2022
							F	P	P.
	Feed in Tariff						2,230	2,230	1,238
							2,230	2,230	1,238
9	Expenditure		on raising funds
							Unrestricted	Total	Total
								2023	2022
	Fundraising	trading		costs
	Fundraising	events					2,080	2,080	1,876
	Cafe sales						3,701	3,701	2,217
	Room hire						1,709	1,709	3,362
							7,490	7,490	7,455

10	Expenditure on charitab	le activities
			Unrestricted	Restricted	Total	Total
					2023	2022
					P
	Expenditure on charitable
	activities
	Sale of educational materials		13,969		13,969	7,774
	Grant income (restricted)			3,630	3,630	42,820
	Employee costs			8,9?8	8,978
	Governance costs
	Accountancy		1,230		1,230	1,225
			15,199	12,608	27,807	51,819
11	Other expenditure
			Unrestricted	Restricted	Total	Total
					2023	2022
						F
	Employee costs		39,684		39,684	11,791
	Motor and travel costs					180
	Premises costs		11,845		11,845	8,045
	Amortisation, depreciation,
	impairment, profit/loss	on	566	29,418	29,984	30,731
	disposal of fixed assets
	General administrative	costs	2,878		2,878	3,376
			54,973	29„4I8	84,391	54,123
12	Net expenditure before	transfers
				2023		2022
	This is stated after charging:			F
	Depreciation of owned	fixed assets		29,984		30,731

13	Staff costs
						2023		2022
	Salaries and wages					47,788		41,613
	Pension costs					874		706
						48,662		42,319
	No employee	received emoluments		in excess of F60,000.
	The average	monthly number	of full	time equivalent	employees	during the year	was as follows:
						2023		2022
						Number		Number
	Administration	and
	fun draising
	Women of West Wales
	project
14	Tangible fixed assets
							Fixtures,
						Land and
						buildings	fittings and equipment	Total
							E
	Cost or revaluation
	At 1 April 2022					1,531,550	56,201	1,587,751
	At 31 March	2023				1,531,550	56,201	1,587,751
	Depreciation	and
	impairment
	At 1 April 2022					253,777	55,075	308,852
	Depreciation	charge for the				29,418	566	29,984
	year
	At 31 March	2023				283,195	55,641	338,836
	Net book values
	At 31 March	2023				1,248,355	560	1,248,915
	At 31 March	2022				1,277,773	1,126	1,278,899
15	Investments
							Other
							investments
							-Listed	Total
								E
	Cost or revaluation
	At 1 April 2022						15,002	15,002
	Revaluation						(670)	(670)
	At 31 March	2023					14,332	14,332
	Net book values
	At 31 March	2023					14,332	14,332
	At 31 March	2022					15,002	15,002

Not 16	es to the Stocks	Accounts
					2023	2022
						F
	Finished	goods			10,673	11,915
					10,673	11,915
	Carrying	value analysed		by activities	2023	2022
	Sale of educational		materials		10,473	11,800
	Cafe sales				200	I15
					10,673	11,915
17	Debtors
					2023	2022
	Trade debtors				1,354	45
	VAT recoverable				81	263
	Other debtors				521
					1,956	308
18	Creditors:
	amounts	falling due	within one year
					2023	2022
						P
	Trade creditors				2,381	1,894
	Other taxes and social security				346	273
	Other creditors				180	120
	Accruals				1,230	1,230
					4,137	3,517

Movement	in fun	ds
				Incoming
				resources			At 31
					Resources	Gross
			At 1 April	(including other	expended	transfers	March 2023
			2022	gains/losses)
Restricted	funds:
Endowment	funds:
			13,782	434		(433)	13,783
Total			13,782	434		(433)	13,783
Restricted	income	funds:
			1,225,343	11,968	(42,026)	(7,183)	1,188,102
Total			1,225,343	11,968	(42,026)	(7,183)	1,188,102
Unrestricted	funds:
General funds			175,126	60,711	(77,662)	7,616	165,791
Revaluation	Reserves:
Endowment	funds:
			1,219	(670)			549
Total			1,219	(670)			549
Total revaluation		reserves	1,219	(670)			549
Total funds			1,415,470	72,443	(119,688)		1,368,225

Analysis of net assets between funds
	Unrestricted	Restricted
			Total
	funds	funds
			P
Fixed assets	61,198	1,187,717	1,248,915
Investments		14,332	14,332
Net current assets	104,592	386	104,978
	165,790	1,202,435	1,368,225

21	Reconcil	iation of net	debt
											At 31
							At	1 April			March
								2022	Cash flows		2023
	Cash and	cash equivalents					112,863			(16,377)	96,486
							112,863			(16,377)	96,486
	Net debt						112,863			(16,377)	96,486
22	Commitments
	Operating lease commitments
	Annual commitments		under non-cancellable			operating	leases are as	follows:
							2023	2023		2022	2022
						Land	and			Land and
								Other			Other
						buildings				buildings
	Operating	leases with	expiry date:
	Pension	commitments
	The company operates a defined			contribution		pension	scheme which	all employees		are entitled to join.
								2023			2022
								E			P.
	The pension cost charge to the company
	amounted	to:						874			706
	Unpaid contributions		due to the	fund are
	included	in other creditors and amounted			to:			180			120
23	Related party disclosures
	Controlling party

				Unrestricted	Restricted	Endowment
				funds	funds	funds	Total funds	Total funds
				2023	2023	2023	2023	2022
				P.		F		F
Income and endowments			from:
Donations	and legacies
Donations	and admissions			13,223			13,223	12,245
Grant income (unrestricted)				1,850			1,850	4,000
				15,073			15,073	16,245
Charitable	activities
Sale of educational		materials		22,570			22,570	14,707
Grant income (restricted)					11,968		11,968	15,281
				22,570	11,968		34,538	29,988
Other trading activities
Fundraising Cafe sales Room hire	events			10,846 7,557 1,436			10,846 7,557 1,436	7,674 3,625 544
				19,839			19,839	11,843
Investments
Dividends	received	on COIF
investment						434	434	411
Deposit account interest				999			999	1,532
				999		434	1,433	1,943
Other
Feed in Tariff				2,230			2,230	1,238
				2,230			2,230	1,238
Total income and endowments				60,711	11,968	434	73,113	61,257
Expenditure	on:
Costs of other trading		activities
Fundraising Cafe sales	events			2,080 3,701			2,080 3,701	1,876 2,217
Room hire				1,709			1,709	3,362
				7,490			7,490	7,455
Total of expenditure funds		on raising		7,490			7,490	7,455
Charitable activities
Sale of educational materials Grant income (restricted)				13,969	12,608		13,969 12,608	7,774 42,820
				13,969	12,608		26,577	50,594
Governance	costs
Accountancy				1,230			1,230	1,225
				1,230			1,230	1,225

Total of expenditure on activities	charitable	15,199	12,608		27,807	51,819
Employee costs
Salaries/wages		38,810			38,810	11,085
Pension costs		874			874	706
		39,684			39,684	11,791
Travel and subsistence						180
						I80
Premises costs
Rates		271			271	67
Light, heat and power		3,519			3,519	3,358
Premises cleaning		409			409	316
Premises insurances		1,422			1,422	1,244
Premises repairs and maintenance		6,002			6,002	2,268
Other premises costs		222			222	792
		11,845			11,845	8,045
General administrative	costs,
including depreciation	and
amortisation
Depreciation of land and buildings			29,418		29,418	29,418
Depreciation of Fixtures, fittings		566			566	1,313
and equipment
Bank charges		506			506	752
Postage and couriers		58			58	139
Software, ITsupport and related costs		1,124			1,124	775
Stationery and printing		149			149	280
Subscriptions		384			384	590
Telephone, fax and broadband		657			657	840
		3,444	29,418		32,862	34,107
Total of expenditure of	other costs	54,973	29,418		84,391	54,123
Total expenditure		77,662	42,026		119,688	113,397
Net gains on investments				(670)	(670)	1,219
Net expenditure		(16,951)	(30,058)	(236)	(47,245)	(50,921)
Transfers between funds		7,616	(7,183)	(433)
Net expenditure before gains/(losses)	other	(9,335)	(37,241)	(669)	(47,245)	(50,921)
Other Gains
Net movement in funds		(9,335)	(37,241)	(669)	(47,245)	(50,921)
Reconciliation of funds:
Total funds brought forward		175,126	1,225,343	15,00 I	1,415,470	1,466,391
Total funds carried forward		165,791	1,188,102	14,332	1,368,225	1,415,470