| Pages: | ||
|---|---|---|
| Trustees' Report |
||
| Independent auditor's |
report | |
| Statement offinancial |
activities | 12 |
| Balance sheet | 13 | |
| Statement ofcash flows |
14 | |
| Notes to the financial | statements | 15 |
| Charity registered | Charity registered | number: | number: | 800538 | |||
|---|---|---|---|---|---|---|---|
| Company | registered | number: | 2308621 | ||||
| Registered | office: | 46-50 Copperfield | Road | ||||
| London | |||||||
| E34RR | |||||||
| Trustees: | Simon Bazalgette, | Treasurer | |||||
| Robert Moye | |||||||
| Alistair Owens | |||||||
| Magnus von |
Wistinghausen, | Chair | |||||
| Company | secretary: | Magnus von |
Wistinghausen | ||||
| Director: | Erica Davies | ||||||
| Auditors: | Myrus Smith | ||||||
| Chartered Accountants |
|||||||
| Norman House |
|||||||
| 8 Burnell Road | |||||||
| Sutton | |||||||
| Suney | |||||||
| SM1 4BW | |||||||
| Bankers: | HSBC | ||||||
| 1 Centenary | Square | ||||||
| Birmingham | |||||||
| B1 1HQ |
| Total | Total | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Funds | Funds | ||||
| funds | funds | 2023 | 2022 | |||||
| 6 | F | 6 | ||||||
| Income | ||||||||
| Donations | and | legacies | 2 | 4,401 | 2,257,701 | 2,262,102 | 2,141,411 | |
| Charitable | activities | 3 | 14,437 | 14,437 | 1,685 | |||
| Other trading activities |
4 | 300 | 300 | 23,422 | ||||
| Investments | 5 | 951 | 951 | 29 | ||||
| Total | 20,089 | 2,257,701 | 2,277,790 | 2,166,547 | ||||
| Expenditure | ||||||||
| Raising funds | 6 | 41,677 | 41,677 | 22,130 | ||||
| Charitable | activities | 7 | 44,022 | 72,464 | 116,486 | 83,187 | ||
| Total | 44,022 | 114,141 | 158,163 | 105,317 | ||||
| Net movement | in | funds | (23,933) | 2,143,560 | 2,119,627 | 2,061,230 | ||
| Reconciliation | of | funds | ||||||
| Total funds | brought | forward | 17 | 50,466 | 2,411,225 | 2,461,691 | 400,461 | |
| Total funds | cerned | forward | 17 | 626,533 | f4,554,785 | 64,581,318 | 62,461,691 |
| BALANC | E SHEET A | S AT 31 MARCH 2023 | ||
|---|---|---|---|---|
| Notes | 2023 | 2022 | ||
| FIXEDASSETS | ||||
| Tangible assets | 13 | 4,359,819 | 2,153,727 | |
| CURRENT ASSETS | ||||
| Stocks | 2,443 | 2,443 | ||
| Debtors | 15 | 33,939 | 75,992 | |
| Cash at bank and in hand | 252,824 | 455,731 | ||
| 289,206 | 534,166 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
16 | (67,707) | (226,202) | |
| NET CURRENT ASSETS | 221,499 | 307,964 | ||
| TOTAL NET ASSETS | 18 | 54,581,318 | 52,461,691 | |
| CHARITY FUNDS | ||||
| Restricted funds | 17 | 4,554,785 | 2,411,225 | |
| Unrestricted funds |
17 | 26,533 | 50,466 | |
| TOTAL FUNDS | 17 | 54,581,318 | E2,461,691 |
| Notes | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Cash flows from operating | activities | |||||||
| Net movement in funds per statement |
offinancial | activities | 2,119,627 | 2,061,230 | ||||
| Adjustments for: |
||||||||
| Interest receivable Depreciation |
5 13 |
(951) 1,584 |
(29) 1,568 |
|||||
| Increase/(decrease) | in stock | |||||||
| Decrease/(increase) | in debtors | 42,053 | (26,679) | |||||
| (Decrease)fincrease | in creditors | (158,495) | 192,132 | |||||
| Net cash (usedin)/provided | by operating | activities | 2,003,818 | 2,228,222 | ||||
| Cash flows from investing | activities | |||||||
| Interest | receivable | 951 | 29 | |||||
| Property | renovation costs |
(2,207,676) | (1,647,449) | |||||
| Net cash provided by investing activities |
(2,206,725) | (1,847,420) | ||||||
| Change | in cash at bank in the year | (202,907) | 380,802 | |||||
| Cash at | bank brought forward | 455,731 | 74,929 | |||||
| Cash at | bank carried forward | 6252,824 | 8455,731 |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||||
| Heritage | Lottery Fund | 2,087,701 | 2,087,701 | 1,776,012 | |||||
| The Robert Gavron | Charitable | Trust | 5,000 | 5,000 | |||||
| Aldgate | and All Hallows | Foundation | 50,000 | 50,000 | 50,000 | ||||
| Foyle Foundation | 150,000 | ||||||||
| Garfield | Weston Foundation | 100,000 | |||||||
| Bernard | Sunley Charitable | Foundation | 20,000 | ||||||
| Pilgrim Trust | 30,000 | ||||||||
| John S | Cohen Foundation | 10,000 | |||||||
| City of London | 100,000 | 100,000 | |||||||
| Headley | Trust | 15,000 | 15,000 | ||||||
| Sundry | donations | 4,401 | 4,401 | 5,399 | |||||
| f4,401 | f2,257,701 | 82,262,102 | E2,141,411 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |
| School Income | 14,437 | 14,437 | ||
| Coronavirus —Job Retention Scheme | 1,685 | |||
| Shop income | ||||
| 614,437 | ENil | 814,437 | 81,685 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Room hire | 300 | 300 | |||
| Music festival | 22,200 | ||||
| Sale of surplus | equipment | 1,222 | |||
| 2300 | FNil | f300 | 523,422 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||
| Bank | interest | receivable | f951 | ENil | 6951 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2023 | ||||
| Direct | costs | —Fundraising | events | 36,213 | 36,213 | 19,802 | |
| Other | costs | 5,464 | 5,464 | 2,328 | |||
| ENil | 541,677 | 541,677 | 622,130 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||
| Summary | by | Fund Type | E | F | ||
| Museum | and | schools programme | 644,022 | 672,464 | f116,486 | 683,187 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| Undertaken | Support | Total | Total | ||||
| Direct | Costs | 2023 | 2022 | ||||
| Museum | and | schools | programmes | E100,065 | 858,098 | 8158,163 | f105,317 |
| ANALYSIS | OF DIRECT COSTS | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Fundraising | Charitable | Funds | Funds | ||
| Costs | Costs | 2023 | 2022 | ||
| F | 6 | 6 | |||
| Staff costs | 63,246 | 63,246 | 48,105 | ||
| Direct costs | —shop | 606 | 606 | ||
| Exhibitions | and events | 36,213 | 36,213 | 19,802 | |
| 836,213 | 663,852 | 8100,065 | 667,907 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Fundraising | Charitable | Funds | Funds | ||||
| Costs | Costs | 2023 | 2022 | ||||
| F | |||||||
| Depreciation | 1,584 | 1,584 | 1,568 | ||||
| Insurance | 5,511 | 5,511 | 6,185 | ||||
| Building maintenance | 323 | 323 | 2,985 | ||||
| Cleaning | 629 | 629 | 156 | ||||
| Postage, printing |
and stationery | 1,255 | 1,255 | 279 | |||
| Light, heat | and water charges | 20,623 | 20,623 | 7,011 | |||
| Telephone | and internet | 4,424 | 4,424 | 2,006 | |||
| Travel and | subsistence | 324 | 324 | 476 | |||
| Security costs | 653 | ||||||
| Equipment | rental | 505 | 505 | 591 | |||
| Fundraising | and | publicity | 5,464 | 5,464 | 2,328 | ||
| Computer, | website | and software costs | 5,696 | 5,696 | 4,856 | ||
| Governance | costs | 10,305 | 10,305 | 7,463 | |||
| Sundry expenses | 1,455 | 1,455 | 853 | ||||
| 85,464 | f52,634 | 858,098 | E37,410 | ||||
| GOVERNANCE COSTS | |||||||
| Total | Total | ||||||
| 2023 | 2022 | ||||||
| 8 | 6 | ||||||
| Audit fees | 3,600 | 3,000 | |||||
| Other professional | services | 6,705 | 4,463 | ||||
| 610,305 | f7,463 |
| STAFF CO | STS | |||
|---|---|---|---|---|
| 2023 f |
2022 f. |
|||
| Wages and | salaries | 57,433 | 45,417 | |
| Social security costs | 1,111 | 714 | ||
| Contribution | to defined contribution | pension schemes | 264 | |
| Other staff | costs | 4,438 | 1,974 | |
| f63,246 | f48,105 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| TANGIBLE FIXEDASS | ETS | ||||
|---|---|---|---|---|---|
| Freehold | |||||
| Property 8, |
Fixtures & | Office | |||
| Improvements f |
Fittings f |
Equipment 6 |
Displays 6 |
Total | |
| Cost | |||||
| At 1 April 2022 | 2,187,121 | 18,627 | 5,679 | 6,775 | 2,218,202 |
| Additions | 2,207,676 | 2,207,676 | |||
| At 31 March 2023 | 4,394,797 | 18,627 | 5,679 | 6,775 | 4,425,878 |
| Depreciation | |||||
| At 1 April 2022 | 35,000 | 17,264 | 5,436 | 6,775 | 64,475 |
| Charge for the year | 1,000 | 341 | 243 | 1,584 | |
| At 31 March 2023 | 36,000 | 17,605 | 5,679 | 6,775 | 66,059 |
| Net book value | |||||
| At 31 March 2023 | 64,358,797 | f1,022 | ENil | ENil | f4,359,819 |
| At 31 March 2022 | 62,152,121 | 61,363 | f243 | ENil | 62,153,727 |
| STOCKS | ||
|---|---|---|
| 2023 E |
2022f | |
| Finished goods and goods for resale | 62,443 | |
| All stock held is for the use ofthe Shop and Cafe. |
| 2023 | 2022 | |
|---|---|---|
| Due within one year: | 6 | |
| Fees receivable Other debtors —VAT recoverable |
6,985 26,954 |
(628) 76,620 |
| 633,939 | 675,992 |
| CREDITORS —amoun | ts falling due within one year |
||
|---|---|---|---|
| 2023 | 2022 | ||
| E | 6 | ||
| Trade creditors | 58,349 | 221,765 | |
| Other taxation and social security | 1,682 | 1,222 | |
| Other creditors | 1,076 | 215 | |
| Accruals and deferred | income | 6,600 | 3,000 |
| 667,707 | 6226,202 |
| 17. | MOVEMENT IN FUNDS |
MOVEMENT IN FUNDS |
|||||
|---|---|---|---|---|---|---|---|
| At 1 April | At 31 March | ||||||
| 2022 | income | Expenditure | Transfers | 2023 | |||
| 2023 | F | E | |||||
| Restricted Funds: | |||||||
| Development fund |
7,302 | 7,302 | |||||
| Building renovation |
78,239 | 78,239 | |||||
| Building renovation |
—freehold | ||||||
| Improvements | 2,325,684 | 2,257,701 | 114,141 | 4,569,244 | |||
| Total Restricted Funds | 2,411,225 | 2,257,701 | (114,141) | - | 4,554,785 | ||
| Unrestricted Funds: |
|||||||
| Designated Funds: |
|||||||
| Staffing fund | 6,000 | 6,000 | |||||
| Fixed assets fund —freehold | |||||||
| Premises | 115,000 | (1,000) | 114,000 | ||||
| Fixed assets fund— | |||||||
| equipment etc |
1,606 | (584) | 1,022 | ||||
| 122,606 | (1,584) | 121,022 | |||||
| General Funds | |||||||
| General funds | (72,140) | 20,089 | (42,438) | - | (94,489) | ||
| Total Unrestricted | Funds | 20,089 | (44,022) | - | (26,533) | ||
| Total Funds | 62,461,691 | K2,27?,790 | K(158,163) | FNil | 64,581,318 |
| Comparative informa |
tion for the |
movement in fun |
ds in the previo |
us year is as f |
ollows | |
|---|---|---|---|---|---|---|
| At 1 April | At 31 March | |||||
| 2022 | 2021 | Income | Expenditure f. |
Transfers f |
2022 f |
|
| Restricted Funds: | ||||||
| Development fund |
7,302 | 7,302 | ||||
| Building renovation |
78,239 | 78,239 | ||||
| Building renovation |
—freehold | |||||
| Improvements | 189,672 | 2,136,012 | 2,325,684 | |||
| Total Restricted Funds | 275,213 | 2,136,012 | 2,411,225 | |||
| Unrestricted Funds: |
||||||
| Designated Funds: |
||||||
| Staffing fund | 6,000 | 6,000 | ||||
| Fixed assets fund —freehold | ||||||
| Premises | 116,000 | (1,000) | 115,000 | |||
| Fixed assets fund— | ||||||
| equipment etc |
2,174 | (568) | 1,606 | |||
| 124,174 | (1,568) | 122,606 | ||||
| General Funds | ||||||
| General funds | 1,074 | 30,535 | (103,749) | - | (72,140) | |
| Total Unrestdcted | Funds | 125,248 | 30,535 | (105,317) | - | 50,466 |
| Total Funds | f400,461 | f2,166,547 | f(105,317) | fNil | f2,461,691 |
| ANALYSIS O | F NET AS | SETS BETWEEN | FUNDS | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| 2023 | Funds | Funds | 2023 | ||
| 6 | 6 | 6 | |||
| Tangible fixed assets | 1,022 | 4,358,797 | 4,359,819 | ||
| Current assets | (93,218) | 195,988 | 289,206 | ||
| Creditors due | within one | year | (67,707) | (7,676) | |
| As at 31 March 2023 | 626,533 | 64,554,785 | E4,581,318 | ||
| Comparative | information | for the analysis ofnet assets between funds | in the previous | year is as | |
| follows: | |||||
| Unrestricted | Restricted | Total | |||
| 2022 | Fundsf | Funds E |
2022 | ||
| Tangible fixed | assets | 116,606 | 2,037,121 | 2,153,727 | |
| Current assets | (61,703) | 595,869 | 534,166 | ||
| Creditors due | within one | year | (4,437) | (221,765) | (226,202) |
| As at 31 March 2022 | f50,466 | 62,411,225 | E2,461,691 |