2022-03-31-accounts - Whitchurch Silk Mill Trust

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		Page
Report ofthe Trustees	1	to	7
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	10	to	11
Notes to the Financial Statements	12	to	21
Detailed Statement ofFinancial Activities	22	to	23

				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds I	fundsI	funds
INCOME AND ENDOWMENTS FROM
Donations aud legacies	3	189,452	75,338	264,790	389,497
Other trading activities Other income	4	25,600 ~30000		25,600 30,000	8,565 ~12000
Total		245,052	75,338	320,390	410,062
EXPENDITURE ON
Raising funds	5	4,040	1,883	5,923	9,247
Charitable activities	6
Preserving The Fabric project costs Core charitable activities		48,235	61,054	61,054 48,235	29,012 39,568
Other		~210486	48,562	259,048	~199899
Total		262,761	111,499	374,260	277,726
Net gains/(losses) on investments		~16618		16,618	9,101
NET IViCOME/(EXPENDITURE)		(1,091)	(36,161)	(37,252)	123,235
Transfers between funds	16	~31,783	31,783
Net movement in funds		(32,874)	(4,378)	(37,252)	123,235
RECONCILIATION OF FUNDS
Total funds brought forward		209,081	367,515	576,596	453,361
TOTAL FUiVDS CARRIED FORWARD		176,207	363,137	539344	576,596

	31	March 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXED ASSETS
Tangible assets Investments	11 12	4,593 ~97118	346,207	350,800 97,118	371,364 80,500
		101,711	346,207	447)918	451,864
CURRENT ASSETS
Stocks	13	20,607		20,607	4,281
Debtors Cash at bank	14	3,741 141,929	5,200 ~11730	8,941 153,659	95,495 174,243
		166,277	16,930	183,207	274,019
CREDITORS
Amounts falling due within one year	15	(91,781)		(91,781)	(149,287)
NET CURRENT ASSETS		74496	16930	~91426	~124732
TOTAL ASSETSLESSCURRENT
LIABILITIES		176,207	363,137	539,344	576,596
NET ASSETS		176,207	363,137	539,344	576,596
FUNDS	16
Unrestricted funds				176,207	209,081
Restricted funds				363.137	367,515
TOTAL FUNDS				~539 344	576,596

DONATIO	N	S AND	LE	GACIES
						2022	2021
Donations						9,913	44,472
Gilt aid						40,777	8,987
Grants						186,299	326,893
Subscriptions						1,954	1,575
Admissions						25,847	7570
						~264 790	389,497
Grants received, included				in the above, are as follows:
						2022	2021
Hampshire	County Council						15,000
Basingstoke		and Deane Borough Council				21,804	21,803
Others							10,827
The National		Lottery				75,340	85,014
Basingstoke		and Deane Borough Council Covid Support				16,000	41,057
The Pilgrim		Trust				10,000	10,000
Swire Trust							12,000
Arts Council		England	- Culture Recovery Grant			63,155	118,395
HMRC - Coronavirus			Job	Retention	Schemes		12797
						186,299	326 893

							2022	2021
	Fundraising	events					4,890	50
	Weaving sales						17,694	8,270
	Sundry income						~3016	245
							25,600	8,565
5.	RAISING	FUNDS
	Raising donations			and legacies
							2022	2021
	Costs offundraising						334	162
	Other trading		activities
							2022	2021
								g
	Purchases						5589	9085
	Aggregate	amounts					~5923	9,247
6.	CHARITABLE A.CTIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
	Preserving	The	Fabric project costs			21,295	39,759	61,054
	Core charitable		activities			~48 235		48,235
						~69 530	~39759	~109289
7.	SUPPORT	COSTS
							Governance
					Management	Finance	costs	Totals
								g
	Other resources		expended		243,271	1,906	13,871	259,048
	Preserving	The	Fabric project costs		~39759			~39759
					~283 030	~1906	~13 871	~298 807

		2022	2021
			8
Depreciation Examiner's	-owned assets fees	49,560 ~2400	47,642 500

			2022	2021
Wages	and salaries		166,526	124,702
Social	security	costs	9,151	7,435
Other	pension	costs	4,009	3221
			179,686	135358

	2022	2021
Management	3	3
Visitor services	5	4

	for the Year E	for the Year E	nded 31March	2022
11.	TANGIBLE FIXEDASSETS
			Improvements		Fixtures
			to	Plant and	and
			property	machinery	fittings	Totals
					6
	COST
	At 1April 2021		324,400	2,904	159,755	487,059
	Additions		28,996			~28 996
	At 31 March 2022		~353396	~2904	~159755	~516055
	DEPRECIATION
	At 1 April 2021		39,150	1,306	75,239	115,695
	Charge for year		16486	576	32,498	49,560
	At 31 March 2022		~55636	~1882	~107737	~165255
	NET BOOKVALUE
	At 31March 2022		~297760	~1022	~52 018	~350 800
	At 31March 2021		285,250	1,598	84,516	371,364
12.	FIXEDASSETINVESTMENTS
						Unlisted
	~TVALI E					investments f
	At 1 April 2021					80,500
	Additions					~16 618
	At 31March 2022					97,118
	NET BOOKVALLE
	At 31 March 2022					~97 118
	At 31 March 2021					80500
	There were no investment	assets outside the UK.
	Cost or valuation at 31 March 2022 is represented		by;
						Unlisted
						investments
	Valuation in 2022					22,118
	Cost					~75 000
						~97 118

12.	FIXEDASSETINYKSTMENT	S -continued	S -continued	S -continued
	Whitchurch Silk Mill (Trading)	Limited (01968546)
	Registered office: 28 Winchester	Street, Whitchurcb,		Hampshire,	RG28 7AL
	Nature ofbusiness: Trading co.in support		ofcharity	parent
	Class ofshare:		holding
	Ordinary shares			100
						31.3.21	31.3.21
	Aggregate capital and reserves					97,118	80,500
	Profit/(loss) for the year					16618	~9,101
13.	STOCKS
						2022	2021
	Finished goods					20,607	4,281
14.	DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
						2022	2021
							I
	Amounts owed by group undertakings						83,328
	Prepayments and accrued income					~8941	~12 167
						~8941	95,495
15.	CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
						2022	2021
						5	I
	Trade creditors					7,428	12,265
	Amounts owed to group undertakings					77,688	133,248
	Accrued expenses					6665	3774
						91,781	149287

MOVEME	NT Ail FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.22
Unrestricted funds
General fund			138,983	(1,091)	(38,583)	99,309
Designated	Loom Restoration		20,098			20,098
Designated	Built Heritage		20,000			20,000
Designated	Access improvement		10,000			10,000
Designated	Heritage Skills		20,000		1,025	21,025
Designated	Water Wheel				5,775	5,775
			209,081	(1,091)	(31,783)	176,207
Restricted	funds
Education	Fund		6,137			6,137
Storage Fund			7,093	(1,500)		5,593
Preserving	the Fabric - Lottery Bid		~354 285	~34661	~31783	~351407
			367,515	36,161	31,783	363,137
TOTAL FUNDS			~576 596	~37 252)		~539344
Net movement in funds, included		in the above are as follows:
			Incotning	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General fund			245,052	(262,761)	16,618	(1,091)
Restricted	funds
Storage Fund				(1,500)		(1,500)
Preserving	the Fabric - Lottery Bid		~75 338	~109999		~34661)
			~75 338	~1H 499		36 161
TOTAL FUNDS			320390	~374260	16,618	~37,252)

				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund			76,654	132,329	(70,000)	138,983
Designated	Loom Restoration		10,366	(10,268)	20,000	20,098
Designated	Built Heritage				20,000	20,000
Designated	Access Improvement				10,000	10,000
Designated	Heritage	Skills			20000	20,000
Restricted	funds		87,020	122,061		209,081
Education	Fund		6,137			6,137
Storage Fund Preserving the Fabric - Lottery Bid			8,593 351611	(1,500) ~2674		7,093 354,285
			366341	1,174		~367515
TOTAL FUNDS			453,361	123,235		576,596

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		325,046	(183,616)	(9,101)	132,329
Designated Loom Restoration		1	~IO 269		~10268
Restricted funds		325,047	(193,885)	(9,101)	122,061
Storage Fund Preserving the	Fabric - Lottery Bid	85,015	(1,500) ~82341)		(1,500) 2,674
		85,015	~83 841		I 174
TOTAL FUNDS		410062	~277 726		~123 235

			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.22
		I
Unrestricted funds
General fund		76,654	131,238	(108,583)	99,309
Designated	Loom Restoration	10,366	(10,268)	20,000	20,098
Designated	Built Heritage			20,000	20,000
Designated	Access Improvement			10,000	10,000
Designated Designated	Heritage Skills Water Wheel			21,025 ~5775	21,025 ~5775
		87,020	120,970	(31,783)	176,207
Restricted	funds
Education	Fund	6,137			6,137
Storage Fund		8,593	(3,000)		5 593
Preserving	the Fabric - Lottery Bid	351,611	~31,987)	~31783	~351407
		366,341	~34,987)	~31 783	~363 137
TOTAL FLNDS		~453 361	~85 983	-	~539 344

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
Geneml fund			570,098	(446,377)	7,517	131,238
Designated	Loom Restoration		1	~10269		~10268)
			570,099	(456,646)	7,517	120,970
Restricted	funds
Storage Fund				(3,000)		(3,000)
Preserving	the	Fabric - Lottery Bid	160,353	~192,340		~31,987
			160,353	~195,340		34987
TOTAL FUNDS			730,452	~651,986	~7517	~85 983

	for the Year Ended 3	1March 2022
		2022	2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations		9,913	44,472
Gift aid		40,777	8,987
Grants		186,299	326,893
Subscriptions Admissions		1,954 ~25 847	1,575 ~7570
		264,790	389,497
Other trading activities
Fundrai sing events		4,890	50
Weaving sales Sundry income		17,694 ~3016	8,270 245
		25,600	8,565
Other income
Management charge		30,000	12,000
Total incoming resources		320,390	410,062
EXPENDITURE
Raising donations	and legacies
Costs offundraising		334	162
Other trading activities
Purchases		2,192	1,928
Education resources		3,397	7,157
		5,589	9,085
Charitable activities
Wages		57,475	38,983
HLF costs and consultancy		6,093	1,970
Weaving purchases		5,962	14,484
Education resources			~11780
		69,530	67,217
Support costs
Management
Wages		109,051	85,719
Social security		9,151	7,435
Pensions		4,009	3,221
Rates and water		1,026	(558)
Insurance		9,125	9,269
Carried forward		132,362	105,086

		arch 2022
		2022	2021
		8
Management
Brought forward Light and heat Telephone Postage and stationery Marketing costs Equipment hire and maintenance Repairs and renewals Security Travelling Subscriptions Training Depreciation oftangible and heritage assets		132,362 21,871 1,419 4,572 31,823 6,879 27,139 1,671 2,839 1,006 1,889 49560	105,086 9,478 1,588 3,336 3,349 1,696 15,978 786 121 812 681 47,643
		283,030	190,554
Finance
Bank charges		1,906	811
Governance costs
Accountancy fees Legal and professional Examiner's fees	fees	7,800 3,671 ~2400	5,400 3,997 500
		~13871	9897
Total resources expended		374,260	277,726
Net (expenditure)/income		53 870	132336