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|||Pages:|
|---|---|---|
|Trustees'
Report|||
|Independent
auditor's|report||
|Statement
offinancial|activities|12|
|Balance sheet||13|
|Statement
ofcash flows||14|
|Notes to the financial|statements|15|
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|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||||
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||||||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||
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|||||||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|
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|||||||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|
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||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|
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|||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|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2023|2022|
|Bank|interest|receivable|f951|ENil|6951||
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|||||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|
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||||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|
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|||||Activities||||
|---|---|---|---|---|---|---|---|
|||||Undertaken|Support|Total|Total|
|||||Direct|Costs|2023|2022|
|Museum|and|schools|programmes|E100,065|858,098|8158,163|f105,317|
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|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|
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|||||||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|
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|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|
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|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|
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|STOCKS|||
|---|---|---|
||2023
E|2022f|
|Finished goods and goods for resale|62,443||
|All stock held is for the use ofthe Shop and Cafe.|||
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||2023|2022|
|---|---|---|
|Due within one year:||6|
|Fees receivable
Other debtors —VAT recoverable|6,985
26,954|(628)
76,620|
||633,939|675,992|
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|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|
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|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|
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|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|
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|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|
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