2022-03-31-accounts - Saddleworth Museum

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Trustees' annual report
Independent examiner's report	to the trustees
Statement offinancial activities
Statement offinancial position
Statement ofcash flows
Notes to the financial statements
The following pages do not form part of		the financial statements
Detailed statement offinancial	activities		18
Notes to the detailed statement	offinancial	activities	20

		Ye	ar	end	ed 3'i March	2022
						2022		2021
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note				F
Income and endowments
Donations and legacies				4	35,918		35,918	58,278
Other trading activities				5	24,809		24,809	7,363
Investment income				6	243		243	704
Total income					60,970		60,970	66,345
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies Costs of other trading	activities			7 8	9,545 17,507		9,545 17,507	20,845 13,090
Expenditure on charitable	activities			9,10	30,293	22,305	52,598	48,151
Total expenditure					57,345	22,305	79,650	82,086
Net expenditure and net	movement		in
funds					3,625	(22,305)	(18,680)	(15,741)
Reconciliation offunds
Total funds brought forward					153,255	1,035,693	1,188,948	1,204,689
Total funds carried forward					156,880	1,013,388	1,170,268	1,188,948

					2022		2021
				Note
Fixed assets
Tangible fixed assets				16		1,116,447	1,123,023
Current assets
Stocks Debtors Cash at bank and	in	hand		17 18	3,202 2,046 78,572		4,186 3,006 67,491
					83,820		74,683
Creditors: amounts		falling	due within one year	19	29,999		8,758
Net current assets						53,821	65,925
Total assets less	current		liabilities			1,170,268	1,188,948
Net assets						1,178,288	1,188,948
Funds ofthe charity
Restricted funds						1,013,388	1,035,693
Unrestricted funds						156,880	153,255
Total charity funds				21		1,170,268	1,188,948

	Year en	ded 31 March 20	22
			2022	2021
			E
Cash flows from operating	activities
Net expenditure			(18,680)	(15,741)
Adjustments for:
Depreciation oftangible fixed	assets		24,090	26,829
Other interest receivable and Accrued expenses	similar income		(243) 1,999	(704) 476
Changesin:
Stocks			984	560
Trade and other debtors			960	1,491
Trade and other creditors			19,242	(2,728)
Cash generated from operations			28,352	10,183
Interest received			243	704
Net cash from operating activities			28,595	10,887
Cash flows from investing	activities
Purchase oftangible assets			(17,514)
Net cash used in investing activities			(17,514)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning		ofyear	11,081 67,491	10,887 56,603
Cash and cash equivalents	at end ofyear		78,572	67,490

								Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
									Funds	2022	Funds	2021
									E			E
	Shop income Admissions Sundry Income								10,657 5,329 8,823	10,657 5,329 8,823	3,352 4,011	3,352 4,011
									24,809	24,809	7,363	7,363
6.	Investment		income
								Unrestricted		Total Funds	Unrestricted	Total Funds
									Funds	2022	Funds	2021
									F		F	F
	Building	society interest							243	243	704	704
7.	Costs ofraising donations						and legacies
								Unrestricted		Total Funds	Unrestricted	Total Funds
									Funds	2022	Funds	2021
												E
	Costs ofgenerating				income		- Curator
	salary,	NIC &		pension					9,545	9,545	20,845	20,845
8.	Costs ofother trading activities
								Unrestricted		Total Funds	Unrestricted	Total Funds
									Funds	2022	Funds	2021
									F	f.	E	F
	Costs of other			trading		activities - Shop
	costs								17,507	17,507	13,090	13,090
9.	Expenditure			on charitable			activities	by fund	type
										Unrestricted	Restricted	Total Funds
										Funds	Funds	2022
	Museum									646		646
	Education
	Support	costs								29,647	22,305	51,952
										30,293	22,305	52,598
										Unrestricted	Restricted	Total Funds
										Funds	Funds	2021
	Museum									20		20
	Education									1,442		1,442
	Support	costs								24,384	22,305	46,689
										25,846	22,305	48,151

								Activities	Activities
								undertaken					Total funds	Total fund
									directly	Support		costs	2022	2021
									E
	Museum								646				646	20
	Education Governance	costs									51,952		51,952	1,442 46,689
									646		51,952		52,598	48,151
11.	Analysis of	support costs
										Museum		and
											Education f		Total 2022	Total 2021 E
	Staff costs Premises Finance costs										1,130 18,432 850		1,130 18,432 850	1,249 12,392 850
	Legal and other Depreciation Bank charges			professional							1,354 24,090 457		1,354 24,090 457	26,829 646
	Administration		costs									956	956	72
	Office sundries										4,682		4,682	4,651
											51,951		51,951	46,689
12.	Net expenditure
	Net expenditure			is stated		after charging/(crediting):
													2022	2021
														E
	Depreciation	of		tangible	fixed assets								24,090	26,829
13.	Independent		examination			fees
													2022	2021
														F
	Fees payable		to	the independent			examiner for:
	Independent	examination				ofthe financial		statements					850	850
14.	Staff costs
	The total staff		costs and		employee		benefits for		the reporting		period are		analysed as	follows:
													2022	2021
	Wages and salaries												22,027	34,048
	Employer contributions				to	pension	plans							599
													22,027	34,647

16.	No remuneration or other be received by the trustees Tangible fixed assets	nefits	from	employment	with the char	ity or a related	entity were
						Property
		Land	and	Fixtures and		Improvement
		buildings		fittings	Equipment	s	Total
							E
	Cost
	At 1 April 2021 Additions	70,626		45,349	1,790 2,095	1,142,847 15,419	1,260,612 17,514
	At 31 Wlarch 2022	70,626		45,349	3,885	1,158,266	1,278,126
	Depreciation
	At 1 April 2021 Charge for the year		60 10	44,315 391	1,790 524	91,424 23,165	137,589 24,090
	At 31 March 2022		70	44,706	2,314	114,569	161,679
	Carrying amount
	At 31Ilarch 2022	70,556		643	1,571	1,043,677	1,116,447
	At 31 March 2021	70,566		1,034		1,051,423	1,123,023
17.	Stocks
						2022	2021
							F
	Shop stock ofgoods for resale					3,202	4,186
18.	Debtors
						2022	2021
	Trade debtors					160	120
	Prepayments and accrued income Other debtors					1,839 47	2,697 189
						2,046	3,006

Creditors: amounts f	alling due within one year
		2022 f	2021
Trade creditors Accruals and deferred Other creditors	income	1,401 11,098 17,500	(341) 9,099
		29,999	8,758

								At
					At		31	March 202
				1	April 2021	Income	Expenditure	2
					F	E
General	funds				135,645	60,970	(57,345)	139,270
Future	Capital	Expenditure	Fund		17,610			17,610
					153,255	60,970	(57,345)	158,880
								At
					At		31	March 202
				1	April 2020	Income	Expenditure	1
					E			F
General	funds				129,081	66,345	(59,781)	135,645
Future	Capital	Expenditure	Fund		17,610			17,610
					146,691	66,345	(59,781)	153,255

	Restrict	ed funds
									At
					At			31	March 202
					1 April 2021	Income	Expenditure		2
	Heritage Lottery Fund Special Donations (Refurbishment) SAS (Heating)				916,623 111,862 7,208		(22,305)		894,318 111,862 7,208
					1,035,693		(22,305)		1,013,388
									At
					At			31	March 202
					1 April 2020	Income	Expenditure		1
						F	E
	Heritage Lottery Fund Special Donations (Refurbishment) SAS (Heating)				938,928 111,862 7,208		(22,305)		916,623 111,862 7,208
					1,057,998		(22,305)		1,035,633
22.	Analysis	of net assets between funds
						Unrestricted	Restricted	Total Funds
						Funds	Funds		2022
						E
	Tangible fixed assets Current assets Creditors less than 1			year		112,678 74,202 (30,000)	1,003,768 9,620		1,116,446 83,822 (30,000)
	Net assets					156,880	1,013,388		1,170,288
						Unrestricted	Restricted	Total Funds
						Funds	Funds		2021
	Tangible	fixed assets				96,950	1,026,073		1,123,023
	Current assets Creditors less than		1 year			65,404 (9,099)	9,620		75,024 (9,099)
	Net assets					153,255	1,035,693		1,188,948
23.	Analysis	ofchanges		in net debt
									At
						At 1 Apr 2021	Cash flows	31	Mar 2022
	Cash at	bank and	in hand			67,491	11,081		78,572

	2022	2021
		F
Income and endowments
Donations and legacies
Donations Sadddleworth Historical Society Friends Gift Aid Grants from OMBC HMRC JRSgrants	3,938 1,198 5,406 1,293 21,850 2 233	3,922 1,223 5,362 1,107 21,850 24,814
	35,918	58,278
Other trading activities
Shop income Admissions Sundry Income	10,657 5,329 8,823	3,352 4,011
	24,809	7,363
Investment income
Building society interest	243	704
Total income	60,970	66,345

			2022	2021
Expenditure
Costs ofraising donations		and legacies
Wages and salaries Pension costs			9,545	20,125 720
			9,545	20,845
Costs ofother trading	activities
Opening stock Purchases Closing stock Wages and salaries Repairs and maintenance			4,186 4,748 3,202 11,352 123	4,746 1,420 4,186 11,110
Commissions paid			300
			17,507	13,090
Expenditure on charitable		activities
Wages and salaries Pension costs Rates and water			1,130 2,599	2,813 (121) 779
Light and heat Repairs and maintenance			5,549 78	4,052
Other establishment Legal and professional	fees		8,880 2,204	6,563 850
Telephone			1,327	996
Depreciation			24,090	26,829
Museum expenses Education			1,103 956	647 92
Office sundries			4,682	4,651
			52,598	48,151
Total expenditure			79,650	82,086
Net expenditure			(18,680)	(15,741)

Notes to the Detailed Sta Year ended	tement of Financia 31 March 2022	l Activities
		2022	2021
Costs of raising donations and legacies Costs ofgenerating Income - Curator salary, Curators wages and salaries Curators pension costs	NIC 8 pension	9,545	20,125 720
		9,545	20,845
Costs ofraising donations and legacies		9,545	20,845
Costs ofother trading activities
Costs ofother trading activities -Shop costs
Shop costs - opening stock Shop costs - purchases Shop costs - closing stock Shop costs - wages and salaries Shop costs - repairs 8 maintenance		4,186 4,748 (3,202) 11,352 123	4,746 1,420 (4,186) 11,110
Shop costs - commissions on sale or return		300
		17,507	13,090
Costs ofother trading activities		17,507	13,090

	d 31 March 20	22
		2022	2021
Expenditure on charitable activities
Museum
Acti vities undertaken directly
Museum expenses		646
Special events costs			20
		646	20
Education
Activities undertaken directly
Education - wages/salaries Education - pension costs			1,563 (121)
			1,442
Governance costs
Bookkeeper Governance costs - rates &water Governance costs - light &heat Governance costs - repairs 8 maintenance		1,130 2,599 5,549 78	1,250 779 4,052
Governance costs - other establishment Governance costs - accountancy fees		8,880 850	6,563 850
Governance costs - legal and other professional Governance costs - telephone Governance costs - depreciation Bank charges	fees	1,354 1,327 24,090 457	996 26,829 647
Administrative costs		956	72
Office sundries		4,682	4,651
		51,952	46,689
Expenditure on charitable activities		52598	48 151