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2021-12-31-accounts

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers 1-2
Trustees'
Report		 3-17
Independent Auditors' Report on the Financial Statements 18-22
Consolidated Statement of Financial Activities 23
Consolidated Balance Sheet 24
Charity Balance Sheet 25
Consolidated Statement ofCash Flows 26
Notes to the Financial Statements 27 - 52

THE BRONTÈ SOCIETY (A Company Limited by Guaranto01 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE BRONTÉ SOCIEfY (CONTINUE0} Audltors. ro$pon$lbllltlgs for Ihe audit of the financial statements W8 have been appointed auditor under the Companies Act 2(KJ6 and section 151 of the Charities Act 2011 and report in accordance wilh those Acts. Our objectives are to obtain reasonablE assurance a￿ul vknelher the fmancial statements as a whole are free from material misstalemenl, whelher due to fraud or error. and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a hwJh level of assuran￿. but is nol a guarantee that an audit conducted in acGordance wlh ISA5 IUKI will aNvays detect a material misslatemenl when it exists. Missiatements can arise from fraud or error and are wnsidered material if. indNKlually or in the aggregate. they could reasonably be expected lo influence the ecor￿MIC decKsions of users taken on Ihe basi5 of these financial slatements. IrregulaFlties. inchjding fraud. are instsnces of non-comK4Ian￿ ￿[h laws and regulation5. We desvJn procedures in line with our responsibilities. lo dele¢l material misstatemenls in respecl of irregularities. induding fraud. Our audit musl be alert to the risk of manirrtjlation of the financ411 slalemenls and seek lo understand the incentives and opportunities f￿ managemenl io athieve Ihis. We undertake the lollowing pr￿edJreS lo identify and resrM)Nl to trse risks of non-complrance: Understanding the key18gal and regulatory frameworks thal a￿ applicab￿ lo the Group. We communirAled identified law5 and regulat￿ lhrcX￿h0￿l the audit aThJ remained alwt lo any indications ol non- Complian￿ throughout the audit. Wo detom)ined the rNJst signtficant of th8se lo be ar¢yJfKI employment law, charity law. company law. health and safety law, taxalicK) law and GDPR Enquiry ot directors and management as to FdKies arKI procedures lo ensure compkance and any known inslances of non-￿Mplian¢e Review of Board minutes and correspoTrJence regulators Enquiry of director5 and management as lo a￿a$ of the fuwncial statements suscepts'ble lo fraud and how these risks are managed Challenging managemenl ￿ key estimates. assumption5 and judgements made in the preparaticw of th financial slaternenis. These key areas ol uncertainly are disclose(l in Ihe accountirJ policies IdenlifyirvJ an(J leskn'ng vnusual joumal entries. wilh a part￿lar focus on manual joumal entr￿5. Through these pr￿edUreS, we did not bec(xne aware of actual or suspected norrtompliance. We planned and perlormed our audit in accordance with auditing standards bul owing to the inhorenl limilalions ol procedures required in these areas. there 15 an unavoidable risk Ihal we may not have detected a material misslalemenl in Ihe accounts. The further removed n￿40MplIanCe wlh an(J regulations is from the events and IransactKJns refiecled in the financial slalemenls. Ihe less likely we woukl become aware of IL The risk of not delectirwj a material misslalement due to fraud is higher than the risk of not detecting one resvlling from error, as fraud may inv(Ave concealrnenl. Col￿S￿n. forgery. misrepresentalions, or override of inlemal cor)trols. We are not resFonsible for preventrng and cannot be expecled to delect rK)n•compliance wlh all laws and regulations. A further descripth)n of our resp￿sibl[lIteS the audit of the f￿anCIal slaternenls is k)caled on the Financial Reporting Councifs website al: httpsj1vfivw.frc.org.￿ur-WorklAudivAUdIl-and-asSUraTrC81stand0rdS-an￿- guitjancelstandards-arw￿Uldance•fOr4udl1orSlAUdjtor$4eS￿)n$l￿lIbeS-for￿3uditlDescnpI￿n-Df-al￿lloT5- responsibililies-for•audiLa5px. This descflption fomis part of our A￿ltors. Report. Use ol our Teport This report is made sc4ely to charitable compans members. as a b)dy, n accordance Mlh Chapter 3 of Part 16 of the Companies Acl 2CQ6. Our audit work has been undertaken so that W8 mighl stste lo the charitabie ¢ompanls members those matters we are required to state trj them in an Auditcxs, Rewrt and for no other purpose. To the full8s1 extent permitted by law. we do not accept or assume responsibllity to anyone other th the charitable company and its membors, as 8 L%xly, for our audit for this reFM)rt. or for the opinions we have fomied. Page21

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note 6 6 6 6
Income from:
Donations
and legacies		 4 37,986 46,998 84,984 156,657
Charitable
activities		 5 679,246 22,500 701,746 801,862
Other trading activities 6 201,341 201,341 105,562
Investments 7 2,102 2,102 3,621
Other income 8 3,040
Total income 920,675 69,498 990,173 1,070,942
Expenditure
on:
Raising funds 9,10 143,921 143,921 157,242
Charitable
activities		 11,12 732,885 732,885 686,204
Total expenditure 876,806 876,806 1,043,446
Net gains/(losses) on investments 15,048 15,048 (3,660)
Net income 58,917 69,498 128,415 23,836
Transfers
between		 funds 22 50,000 (50,000)
Net movement
in		 funds 108,917 19,498 128,415 23,636
Reconciliation
of		 funds:
Total funds brought forward 2,715,163 81,033 2,796,196 2,772,360
Net movement
in funds		 108,917 19,498 128,415 23,836
Total funds carried forward 2,824,080 100,531 2,924,611 2,796,196

CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2021
2021 2020
Note 6 E
Fixed assets
Tangible assets 16 63,260 88,192
Heritage assets 17 2,292,427 2.272,927
Investments 18 173,536 150,321
2,529,223 2,521,440
Current assets
Stocks 19 69,155 82,273
Debtors 20 96,952 47,939
Cash at bank and in hand 295,423 278,029
461,530 408,241
Creditors: amounts falling due within one
year 21 (66.142) (133,485)
Net current assets 395,388 274,756
Total assets less current liabilities 2,924,611 2,796,196
Net assets 2,924,611 2,795,196
Total net assets 2,924,611 2 796,196
Charity funds
Restricted funds 22 100,531 81,033
Unrestricted funds 22 2,824,080 2,715,153
Total funds 2,924,611 2,795,195

FOR THE YEAR ENDED 31 DECEMBER 20 21
2021 2020
6
Cash flows from operating
activities
Net cash used
in operating
activities		 32,602 44,476
Cash flows from investing
activities
Dividends,
interests and rents from investments		 2,102 3,821
Purchase oftangible
fixed assets		 (14,337) (6,224)
Proceeds from sale of investments 36,305 162,527
Purchase ofinvestments (39,278) (90,743)
Net cash drawings
on investments		 115,000
Net cash (used in)/provided
by investing		 activities (15,208) 184,381
Cash flows from financing
activities
Net cash provided
by financing
activities
Change
in cash and cash equivalents
in		 the year 17,394 228,857
Cash and cash equivalents
at the beginning		 ofthe year 278,029 49,172
Cash and cash equivalents
at the end of		 the year 295,423 278,029
The notes on pages 27 to 52form part ofthese financial statements

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
8 6
Donations
Bequests and donations 37,986 37,986 150,976
Contemporary
arts		 donations 272 272 345
Collection care donations 227 227 48
Purchase fund donations 22,288 22,288 4,325
Museum redecoration
scheme		 68 68 72
Piano maintenance fund 241
Honresfield Library donations 20,587 20,587
Education donations 3,556 3,556 650
37,986 46,998 84,984 156,657
Total 2020 150,976 5,681 156,657

Unrestricted Restricted Total Total
funds funds funds funds
2021f 2021
6		 2021
8		 2020f
Museum
admission		 donations 186,821 186,821 79,767
Museum
admission		 gift aid tax 16,272 16,272 10,314
Grants receivable 312,370 22,500 334,870 425,202
Contemporary
arts income		 1,956 1,956 903
Education
group admission		 6,577 6,5'77 5,953
Events 11,477 11,477 13,356
Subscription
from members		 39,073 39,073 28,702
Conference 3,661 3,661
Exhibition tax refund 6,507 6,507 13
Coronavirus
Job Retention Scheme grant		 62,286 62,286 212,652
Bradford Council grant 32,246 32,246 25,000
Total 2021 679,246 22,500 701,746 801,862
Total 2020 801,852 801,862
Income from other trading activities
Income from non charitable trading activities
Unrestricted Total Total
funds funds funds
2021 2021 2020
6 6 8
Royalties, licensing and repo fees 34,831 34,831 16,957
Income from sales 166,510 166,510 88,605
201,341 201,341 105,562
Total 2020 105,562 105,562

Unrestricted Total Total
funds funds funds
2021
E		 2021f 2020f
Dividends receivable 1,597 1,597 3,517
Bank interest 505 505 304
2,102 2,102 3,821
Total 2020 3,821 3,821

Unrestdcted Total Total
funds funds funds
2021f 2021f 2020
insurance 3,040
Total 2020 3,040 3,040

Unrestricted Total Total
funds funds funds
2021 2021 2020
8 8
Purchases and direct costs 92,582 92,582 43,167
Wages and salaries 48,625 48,625 109,571
Pension costs 545 545 2,195
141,752 141,752 154,933
Total 2020 154,933 154,933

Unrestricted Total Total
funds funds funds
2021
8		 2021f 2020
Investment management fees 2,169 2,169 2,309
Total 2020 2,309 2,309

Unrestricted Restricted Total Total
funds funds funds funds
2021
6		 2021 2021 2020f
Operation ofBrontS Parsonage Museum 732,885 732,885 886,204
Total 2020 883,168 3,036 886,204

Activities
undertaken Support Total Total
directly costs funds funds
2021 2021
6		 2021
5		 2020f
Operation ofBronte Parsonage Museum 362,721 370,164 732,885 886,204
Total 2020 470,893 415,311 886,204

Charitable Total Total
activities funds funds
2021 2021 2020
6 6
Staff costs 278,799 278,799 381,107
Curatorial 21,256 21,256 20,848
Advertising and marketing 22,133 22,133 30,588
Exhibition and display 6,223
Education 842
Contemporary art expense 30,312 30,312 22,649
Travel and training 2,936 2,936 2,628
Events 781 781 4,175
Membership 3,330 3,330 1,833
Conference costs 3,174 3,174
362,721 362,721 470,893
Total 2020 470,893 470,893

Charitable Total Total
activities funds funds
2021
6		 2021f 2020f
Staff costs 148,423 148,423 176,446
Depreciation 36,589 36,589 47,328
Travel and training 1,222 1 222 1,395
Rates and water 1,445 1,445 1,683
Insurance 12,202 12,202 10,000
Light and heat 5,647 5,647 5,701
Temporary
staff		 31,817
Communications
and technology		 27,278 27,278 18,356
Security and fire safety 13,456 13,456 16,190
Cleaning 3,363 3,363 3,514
Garden 2,108 2,108 1,596
Property repairs 15,641 15,641 16,061
Input VAT not recoverable 12,787 12,787 11,886
Miscellaneous 4,360 4,360 706
Administration costs 14,716 14,716 11,145
Bank charges 8,725 8,725 7,796
(Profit)/Loss on disposal ofinvestments 212 212
Governance costs 61,990 61,990 53,691
370,164 370,164 415,311
Total 2020 415,311 415,311
Auditors'
remuneration
2021
6		 2020f
Fees payable to the Charity's auditor for the audit ofthe Charity's annual
accounts 13,250 8,000

Group Gmup Charity Chanty
2021 2020 2021 2020
No. No. No. No.
29 26 32
nts
was:
Group Group Charity Charity
2021 2020 2021 2020
No. No. No. No.
18 39 16 32

Freehold Fixtures and Computer
property
f		 fittings
6		 equipment Total
6
Cost or valuation
At 1 January 2021 18,640 619,300 110,711 748,651
Additions 14,337 14,337
Disposals (21,437) (21,437)
At 31 December 2021 18,640 612,200 110,711 741,551
Depreciation
At 1 January 2021 562,409 98,050 660,459
Charge for the year 29,415 7,174 36,589
On disposals (18,757) (18,757)
At 31 December 2021 573,067 105,224 678,291
Net book value
At 31 December 2021 18,640 39,133 5,487 63,260
At 31December 2020 18,540 55,891 12,651 88,192
Charity
Freehold Fixtures and Computer
property
f		 fittings
6		 equipment
6		 Total
K
Cost or valuation
At 1 January 2021 18,640 619,300 110,711 748,651
Additions 14,337 14,337
Disposals (21,437) (21,437)
At 31 December 2021 18,640 612,200 110,711 741,551

Charity (continued)
Freehold Fixtures and Computer
property fittings equipment Total
K 6
Depreciation
At 1 January 2021 562,409 98,050 660,459
Charge for the year 29,415 7,174 36,589
On disposals (18,757) (18,757)
At 31 December 2021 573,067 105,224 678,291
Net book value
At 31 December 2021 18,640 39,133 5,487 63,260
At 31December 2020 18,640 56,891 12,661 88,192

Heritage
asset Total
2021 2021
6 6
Carrying value st 1 January 2021 2,272,927 2,272,927
Additions 19,500 19,500
2,292,427 2,292,427

Cash and
Listed settlements
investments pending Total
Group 6 6
Cost or valuation
At 1 January 2021 153,195 7,126 160,321
Additions 39,278 (39,278)
Disposals (36,305) 36,305
Revaluations 13,788 (573) 13,215
At 31December 2021 169,956 3,580 173,536
Net book value
At 31December 2021 169,956 3,580 173,536
At31December 2020 153,195 7,126 160,321
Investments
in Cash and
subsidiary Listed settlements
companies investments pending Total
Charity 8 8 6
Cost or valuation
At 1 January 2021 25,100 153,195 7,126 185,421
Additions 39,278 (39,278)
Disposals (36,305) 36,305
Revaluations 13,788 (573) 13,215
At 31 December 2021 25,100 169,956 3,580 198,636
Net book value
At 31December 2021 25,100 169,956 3,580 198,636
At 31December 2020 25,100 153,195 7,126 185,421

The following was a subsidiary
 undertaking
oft		 he Charity: he Charity: he Charity:
Name Company Registered office or principal Principal activity
number place ofbusiness
The Bronte Genius Company 06504497 The Bronte Parsonage Museum, The gift shop in the
Limited Church Street, Haworth, Bronte Parsonage
Keighley, West Yorkshire, BD22 Museum
8DR
Class of Holding
shares
Ordinary 1QQ'/o
The finan cial results ofthe sub sidiary
for the y		 ear were:
Name Profit/(Loss)
for the year		 Net assetsf
6
The Bronte Genius Company Limited 7,169 23,812
19. Stocks
Group Group Charity Charity
2021
6		 2020f 2021f 2020
Finished goods and goods for resale 69,155 82,273 2,800 3,124
20. Debtors
Group Group Charity Charity
2021
6		 2020 2021f 2020f
Due within one year
Trade debtors 422 383 422 383
Amounts owed by group undertakings 51,412 81,595
Prepayments and accrued income 96,530 47,555 96,055 47,154
96,952 47,939 147,889 129,132

Group Group Charity Charity
2021
8		 2020f 2021
K		 2020f
Trade creditors 25,112 25,796 24,783 24,967
Other taxation and social security 5,035 7,564 5,035 7,485
Other creditors 2,429 2,861 2,429 2,861
Accruals and deferred income 33,566 97,264 28,941 92,427
86,142 133,485 61,188 127,740
Group Group Charity Charity
2021
8		 2020 2021f 2020
Deferred income at 1 January 2021 65,240 4,022 65,240 4,022
Resources deferred during the year 3,104 65,240 3,104 65,240
Amounts released from previous periods (65,240) (4,022) (65,240) (4,022)
3,104 65,240 3,104 55,240

Statement offunds - c urrent year
Balance at
Balance at 1 31
January Transfers Gains/ December
2021 Income
f		 Expenditure f in/out
6		 (Losses)
6		 2021
6
Unrestricted
funds
General Funds - all
funds 2,401,994 920,675 (858,934) 264,284 15,048 2,743,067
Collections 139,725 (8,500) (131,225)
Daphne Carrick 17,126 17,126
Fund-raising
development 6,985 (3,985) 3,000
Other strategic
projects 24,194 (2,922) (21,272)
Tielman
Fund		 43,534 (43,534)
Bicentenedes
Fund		 23,142 (23,142)
New Building
Fund		 50,887 50,887
Quinquennial
Fund		 7,576 (6,450) 8,874 10,000
2,715,163 920,675 (876,806) 50,000 15,048 2,824,080
Restricted funds
SirTresham
Lever		 2,000 2,000
Top Wlthens 2,129 2,129
Collections Care 3,235 227 3,462
Contemporary
Arts		 1,581 272 1,853
Educaaon 6,612 3,556 10,168
Purchases 25,723 22,288 (29,613) 18,398
British Library 12,789 12,789
Museum
Redecoration		 268 68 336
Reception
Furniture
Fund
Piano Maintenance
Fund 7,701 200 7,901
Taylor and Frands Prize
Fund 2,915 2,915
Garfield Weston 15,836 15,836
Honresfield
Library
Fundraising
Campaign		 20,587 (20,587)
Foyle Foundation 22,500 22,500
81,033 69,498 (50,000) 100,531
Total offunds 2,796,196 990.173 (876,806) 15,048 2,924,611

Statement offund s - prior year
Balance at
Balance at 31
1January Transfers Gainsl Occambar
2020 income Expenditure in/out (Losses) 2020
6 8
Unrestricted
funds
General Funds-
all funds 2,373,060 1,065,261 (1,032,567) (100) (3,660) 2,401,994
Collections 139,725 139,725
Daphne
Carrick		 17,126 17,126
Fund-raising
development 6,985 6,985
Other strategic
projects 24,194 24,194
Tielman
Fund		 43,534 43,534
Bicenteneries
Fund 24,132 (990) 23,142
New Building
Fund 51,727 (840) 50,887
Quinquennial
Fund 9,090 (1,514) 7,576
BPRI Fund 4,499 (4,499)
2,694,072 1,065,261 (1,040,410) (100) (3,660) 2,715,163

Statement offund s - prior year (continued)
Balance at
Balance at 31
1January Transfers Gainer December
2020 income Expenditure infoutf (Losses) 2020f
Restricted
funds
SirTresham
Lever 2,000 2,000
Top Withens 2,129 2,129
Collections Care 3,187 3,235
Contemporary
Arts 1,236 345 1,581
Education 5,962 650 6,612
Purchases 8,278 4,325 13,120 25,723
British Library 12,789 12,789
Museum
Redecoration 196 72 268
Reception
Furniture
Fund		 244 244
Piano
Maintenance
Fund 8,612 241 (1,252) 100 7,701
Taylor and
Francis Prize
Fund 2,915 2,915
Fundraising for
Little Book 13,120 (13,120)
Garfield Weston 17,620 (1,784) 15,836
78,288 5,681 (3,036) 100 81,033
Total offunds 2,772360 1,070,942 (1,043,446) (3,660) 2,796,196

Analysis ofnet assets between funds - current year
Unrestricted Restricted Total
funds funds funds
2021 2021 2021
6 6
Tangible fixed assets 63,260 63,260
Fixed asset investments 169,956 3,580 173,536
Heritage assets 2,292,427 2,292,427
Current assets 364,579 96,951 461,530
Creditors due within one year (66,142) (66,142)
Total 2,824,080 100,531 2,924,611
Analysis ofnet assets between funds ~ prior year
Vnrestrfcted Restricted Total
funds funds funds
2020 2020f 2020
5
Tangible fixed assets 88,192 88,192
Fixed asset investments 153,195 7,126 160,321
Hedtage assets 2,272,927 2,272,927
Current assets 334,334 73,907 408,241
Creditors due within one year (133,485) (133,485)
2,715,163 81,033 2,796,196

Group Group
2021 2020
6 E
Net income for the year (as per Statement of Financial Activities) 128,415 23,836
Adjustments for:
Depreciation charges 36,589 47,328
Loss/(profit) on disposal offixed assets 2,680
Gains on investments 3,185 3,584
Dividends,
interests		 and rents from investments (2,102) (3,821)
Loss/(profit) on the sale ofinvestments (212) 16,235
Decrease/(increase) in stocks 13,118 (4,770)
Decrease/(increase) in debtors (49,013) 19,729
Increase/(decrease) in creditors (67,343) 32,424
Donated
heritage assets		 (19,500) (2,050)
Reclassification
ofinvestments		 (13,215) (88,019)
Net cash provided by operating activities 32,602 44,476
25. Analysis of cash and cash equivalents
Group Group
2021 2020
6 6
Cash in hand 295,423 278,029
Total cash and cash equivalents 295,423 278,029
26. Analysis of changes in net debt
At 1 At 31
January December
2021 Cash flows 2021
6 6 6
Cash at bank and in hand 278,029 17,394 295,423
278,029 17,394 295,423

payments und er non-cancellable
operating
lease		 s as follows:
Group Group Charity Charity
2021
F		 2020 2021
6		 2020f
Not later than 1 year 6,312 3,176 6,312 3,176
Later than 1 year and not later than 5years 12,902 16,352 12,902 16,352
19,214 19,528 19,214 19,528
Group Group Charity Charity
2021f 2020 2021f 2020
Operating lease rentals 6,010 2,669 6,010 2,669