10135D Yc.
REGISTERED COMPANY NUMBER: 02704749 (England and Wales)
REGISTERED CHARITY NUMBER: 1010902
THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Trustees
Independent Examiner's Report
statement of Financial Actlvltles
statement of Flnanclal Position
Notes to the Flnanclal Statements
9 to 18

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present
their report with the financial statements of the charity for the year ended 31 December 2023. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AN D ACTIVITIES
Objectives and aims
Objects
The objects of the Trust are to preserve architectural and constructional herttage buildings, and to
educate by exhibiting buildings and objects.
Aims
The principal activity and aim of the company, a charitable trust, continues to be the renovation and
presentation of the town house and shop built by silk merchant Thomas Bayly following the Great Fire of
Marlborough of 1653. The House is furnished as it might have been in 1675 and is open as a visitor
attraction. Part of the House is home to the Marlborough Museum, displaying the Marlborough collection
of local artefacts and documents. We have also established a library and archive collection.
The Trust occupies 132 High Street, Marlborough, under a lease from Marlborough Town Council at a
nominal rent and runs until January 2048. As well as holding the lease of 132 High Street, the Trust
owns the freeholds of 133 High Street and of The Old Print Works on the land behind 132.
strategles
There are a number Df projects connected with conservation, restoration and development of the House
and its surroundings which the trustees would like to get under way. Implementing these depends on
identifying appropriate sources of fLJnding for each prDject and we will continue to approach a range of
grant-giving institutions and individuals to achieve this. The trustees are very consciDUS that the
environment in which the Trust operates is an evolving one and that the charity needs to keep under
continuous review its Immediate priorities, how it presents itself, and how best to secure the funding it
needs to do its work.
Conservation
Much of the main Merchant'5 House building has been made safe, attrattive, and visitable over the last
30 years. Nevertheless, the report commissioned in 2019 by the trustees revealed a backlog of
malntenance and conservation work required to the various buildings. Work to address this started in
2021. After finishing the first phase and second phases and having secured most of the funding we are
now focused on completing the remaining and ffinal phase of the roof repair durlng 2024.
The Museum
The museum, housed in part of the building, houses a collection of objects linked to Marlborough.
We
continue to build up a team of volunteers and the museum re-opened following Covid with an exhibition
to commemorate Marlborough at War and 80 years since WWII Normandy Landings.
The Collections
Having Secured for the museum, two 19th Century painllngs by George Maton, depicting the Town Green
with local characters we look forward to displaying them once we have been able to fund their
restoration and framing.
Volunteers
Volunteers provide an immeasurable contribution throughout the Merchant's House Trust - as guide5 in
the House, working in the garden and shop, creating embroidery, and helping with events, staying in
touch with sUPPOrters and general administration.
Page I

THE MERCHANT'S HOUSE (MARLBOROUGH} TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Visitors
In 2023 we welcomed 1,357 visitors as the House was fully open from its planned period of March to
December 2023 and continue to look to increase visitor numbers through our associate memberships
with Historic Housing Association and Visit Wiltshire
Events
The Trust arranged a number of events during 2023 to support and promote the work of The Merchant's
House and to raise fund5. As the House remained open until December, the events programme included
an evening of music and singing and children'5 Halloween events alongside the traditional Spring Studies
Lecture and Open Gardens, and an re-enactment event by The Devereux's Regiment of Foot on the
weekend 6th & 7th july
Digital
The Trust is making greater use of digital media and platforms since the launch of a new webslte In
January 2023 and is generating local interest and helping towards increased visitor numbers
Education
Our education work continued, with our Visits and Tours Co-ordinator vi51ting schools to talk about the
House. We had visit5 from, amongst others, Newman College (Netherland5), Marlborough St. Mary's
School and Marlborough College. The children enjoyed learning about re-enforced learning about the
Fire of Marlborough and the Great Fire of London, and about 17th Century life in general.
Trustees
Alison Galvin-wright continued as Chair of the Trust. During the year Guy Deatker joined as trustee in
November 2023, whilst Tirn Butler retired in September 2023.
FINANCIAL REVIEW
Financial Review
Fundraising
The Trust relied on its own fundraising activities during 2023, including the Spring Study series,
Marlborough Open Gardens as as well as escorted tours of the House.
Trading Company
Despite difficult trading conditions the Shop achieved a profit in 2023 of £36,072. The trading company
has donated that profit to the Trust, immediately in the following year.
Reserves policy
The trustees seek to ensure that the level of reserves is at least equivalent to the Ilablllties of the Trust
at any point in time so that, combined with the current incoming resources for the current year, the
Trust's activitie5 may continue for a further period of twelve months. At 31 December 2023 the trustee5
consider that the level of reserves is satisfactory. Having used the reserves to support activities during
2023 in the aftermath of 2022 longer than planned House closure, the Trustees plan to restore
unrestricted reserves towards 6 months or longer as quickly as financial conditions allow.
The Tnjst's Designated Reserve Fund exists to support the long-term financial plans and aspirations of
the Trust. Further details of the fund are shown at note 13 to the financial statements.
Various
elements of the Designated Fund are added to each year as funds permit, or spent if needed.
Designated Reserve Fund (except for the Trust's freehold property assets and subsidiary Company
investment) is held in the Trvst's bank accounts.
Page 2

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FUTURE PLANS
During 2023 and as the current Building Conservation Management Plan was coming to its conclusion; as
the final tranche of the roof repair completes, the Trust has commenced creation of a new Building
Conservation Management Plan. This to cover the years 2025 - 2029.
The Trustees have also completed a new 5-10 year strategic plan that aims to enhance visitor
experience, access and greater linkages with Marlborough and wider communities including educational
facilities and museums.
Thi5 includes the intrDduction in 2024 of unguided tours for those who
appreciate a more flexible way to experience the House and ML55eum.
Our priority remains to raise sufficient funds in support of the House and tum towards more detailed
restoration, and looking at how we present the House and its collections.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance
The company is a registered charity (no. 1010902) and 15 limited by guarantee of £1 from each of its
members. It is governed by its Memorandum of A550ciation and Articles of Association.
Trustees are appointed for a three-year temi at the end of which they may be reappointed by resolution
at the Annual General Meeting of the company. Marlborough Town Council has the right to appoint two
serving councillors to the board of trustees. We meet potential new trustees before appointing them to
ensure they are sympathetic to the aims of the Trust and can contribute towards achieving those aims.
Management
The board of trustees hold the primary responsibility for management of the Trust's affalrs and for the
achievement of the Trust's charitable objectives. Day to day operations are supervised by the Trust
Manager who is assisted by a team of staff and volunteer5.
Trading subsidiary
A wholly owned subsidiary company, Merchant's House Trading (Marlborough) Limited, operates a gift
shop at the House and donates its annual profits to the Trust in the following financial year. The trading
company is managed by a board of directors.
Rlsk
The trustees know they must be prudent in managing the charity and pursuing its charitable objectives.
They appreciate also that, as with many charities, the sources of funding on which they rely are
susceptible to considerable fluctuation.
To balance the Trust's incoming resources with its annual
expenditure, we operate a system of budgetary control and the trustees ￿VIeW financial performance at
their regular meetings.
The board of trustees keep under review the major risks associated with the Trust's activities. Any risks
identified are monitored and mitigation measures put in place where needed.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02704749 (England and Wales)
Registered Charity number
1010902
Registered office
The Merchant's House
132 High Street
MARLBOROUGH
Wiltshire
SN8 IHN
Page 3

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
A M Galvin-wright Chair
C G Goodfellow (resigned 20.2.23)
MJ Hall
AR WRoss
E J S Hiscocks
J 5heppard
G L Smith
T J Butler (resigned 28.9.23)
M Z H M Fogg (appointed 16.8.23)
J V Patrick (appointed 16.8.23)
G F Deatker (appointed 21.11.23)
Company Secretary
K R Dickens (appointed 7.8.23)
Independent Examiner
Morris Owen
Chartered Accountants
43-45 Devizes Road
5WINDON
Wiltshire
SNI 4BG
EVENTS SINCE THE END OF THE YEAR
Information relating to event5 Since the end of the year is given in the notes to the financial statements.
Approved by order of the board of trustees on
by..
igned on its behalf
A M Galvin-wright - Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
Independent examlner's report to the trustees of The Merchant's House (Marlborough) Trust
{'the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31st December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also Its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requiremerbts of the Companies
Act 2006 ('the 2006 Act,).
Having satlsfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of your
charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,), In carrying
out my examination I have followed the Directions given by the Charity Commission under Section
145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attentlon In connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the
2006 Act. or
the accounts do not accord with those records; or
the account5 do not comply with the accounting requlrements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter consldered
as part of an independent examination, or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republlc of Ireland (FRS 102)),
I have no concern5 and have come across no other matters in connection wlth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Ian Sumbler FCCA
Morris Owen
Chartered Accountants
43-45 Devize5 Road
SWINDON
Wiltshire
SNI 4BG
22nd July 2024
Page 5

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
6,557
20,000
26,557
28,745
Charitable activities
Grants
Miscellaneous income
4,000
6,490
132
132
other trading activities
Investment income
60.287
44,540
60,287
44,540
12,701
42,617
Total
111.516
20.000
131,516
94,553
EXPENDITURE ON
Fundraising and event costs
871
871
2,637
Charitable activities
House restoration, purchase of furnishings,
and education
133,943
74,186
208,129
127,978
Total
134,814
74,186
209,000
130,615
NET INCOME/(EXPENDITURE)
Transfers between funds
(23,298)
(40,275)
(54,186)
40,275
(77,484)
(36,062)
13
Net movement in funds
(63,573)
(13,911)
(77,484)
{36,062)
RECONCILIATION OF FUNDS
Total funds brought forward
682,102
69,582
751,684
787.746
TOTAL FUNDS CARRIED FORWARD
618,529
55,671
674.200
751,684
The notes form part of these financial statements
Page 6

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Investments
513,369
20,010
45,100
558,469
20,010
568,312
20,010
io
533,379
45,100
578.479
588,322
CURRENT ASSETS
Debtors
Cash at bank and in hand
li
42,941
53,684
42,941
64,255
8,499
187,841
10,571
96,625
10,571
107,196
196,340
CREDITORS
Amounts falling due within one year
12
(11,475)
(11,475)
(32,978)
NET CURRENT ASSETS
85,150
10,571
95,721
163,362
TOTAL ASSETS LESS CURRENT
LIABILITIES
618,529
55,671
674,200
751,684
NET ASSETS
618,529
55,671
674,200
751,684
FUNDS
Unrestricted funds..
General fund
Designated fund
13
70,255
548,274
44,615
637,487
618,529
682,102
Restricted funds
55,671
69,582
TOTAL FUNDS
674,200
751,684
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act
2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companie5 Act 2006 relating to financial statements, so far
as applicable to the charitable company.
(b)
The notes form part Df these financial statements
Page 7
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023
These financial statements have been prepared in accordance with the provision5 applicable to charitable
companies subjett to the small companies regime.
The fin
ncial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
A M Galvln-wright - Trustee
atker - Trustee
The notes form part of these financial statements
Page 8

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITY INFORMATION
The company is a company limited by guarantee and incorporated in England and Wales, and a
registered charity with the Charity Commission in England and Wales.
The registered office address is The Merchant's House, 132 High Street, Marlborough, Wiltshire
SN8 IHN.
These financial statements are presented in British Pounds (GBP), which is the charity's functional
and presentational currency.
ACCOUNTING POLICIES
Basis of preparing the financial statement5
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting
standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial
statements have been prepared under the historical cost convention, with the exception of
investments which are included at market value.
The financial statements are prepared on a going concem basis under the historical cost
convention, modified to include certain items at fair value. The financial statements are prepared
in sterling which is the functional currency of the charity and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
The trustees consider that there are no material uncertainties about the Charity's ability to
contir)ue a5 3 going concern.
Legal status of the Charity
The charity is a company limited by guarantee and ha5 no share capital. In the event of the charity
being wound up, the liability in respett of the guarantee is limited to £1 per member of the
charity.
Flnancial reporting standard 102 - reduced disclosure exemptions
The charity has taken exemption from preparing a cash flow statement under the charlties SORP
{FRS 102) Update Bulletin l issued on 2 February 2016, as the charity constitutes a small charity.
Preparation of consolidated financial statements
The company has taken advantage of the exemptions provided not to prepare group accounts.
The trustees do not consider the cost of preparing consolidated accounts justifiable.
Income
All Income is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds, it 15 probable that the income will be received and the amount can be measured
reliably.
Expenditure
Liabilities are recognised as expenditu￿ as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will
be required in settlement and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all
C05t relaled to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to attivities on a basis consistent with the use of resources.
Page 9
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - continued
Governance costs
Governance costs include costs of the preparation and examlnatlon of the statutory accounts, the
cost of trustee meetings and the cost of any legal advice to trustees on governance or
constitutional matters.
Tangible fixed assets
Fixed assets are recorded at cost.
Depreciation is provided on tangible fixed a55ets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows.,
Nuseum Equipment
Office & computer equipment
Antiques & painting5
Freehold property
Improvements to leasehold property
6.670/0 Straight line ba515
200/0 Straight line basis
200/D Straight line basis
See below
IOOO/o Straight line basis (see below)
The trustees consider that owing to the incomparable nature of the freehold property, it would be
diffficult to obtain a valuation under conventional valuation methods, Even if valuations could be
obtained, the trustees consider that the cost5 would be onerous compared with the additional
benefits derived by users of the accounts. As such the freehold property 15 being shown at C05t
and is not depreciated.
The company has a lease of the property at 132 High Street and as a matter of policy writes off
the expense of any improvements Carried out on the building as incurred.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrirted funds can be used in accordance with the charitable objectives at the discretion of the
trustees but some of those funds are designated by the tru5tee5 for specific purpose5.
Restricted funds cèn only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
Statements.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of fund5 to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are normally recognised at their
settlement amount after allowing for any trade discounts due.
Financial instruments
Financial a55et5 and liabilities are recognised and carrled at transaction price, the Trust having no
'financing' transactions. For this purpose, financial assets are trade and other receivables, cash
and bank balances and financial liabilities are trade and other payables and loans.
Page 10
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
OTHER TRADING ACTIVITIES
2023
2022
Fundraising events
Admission fees
Gift of shop profits
4,970
9,062
46,255
8,182
4,519
60,287
12,701
INVESTMENT INCOME
2023
2022
Property rental income
Deposit account interest
43,659
881
42,585
32
44,540
42,617
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is Stated after chargingl(crediting)'.
2023
2022
Auditors, remuneration
Depreciation owned assets
2,000
12,177
11,030
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor
for the year ended 31 December 2022.
Trustees, expenses
Trustees, expenses totalling £nil (2022 £21) for charitable expenditure were reimbursed by the
charity.
STAFF COSTS
The average monthly number of employees during the year was as follows:
2023
2022
Trust Manager & Administrators
No employees received emoluments in excess of £60,000.
Page 11
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Dctnations and legacies
10,745
18,000
28,745
Charttable artivities
Grants
Miscellaneous income
4,000
6,490
4,000
6,490
other trading activities
Investment income
12,701
42,617
12,701
42,617
Total
76,553
18,000
94,553
EXPENDrruRE ON
Fundraising and event costs
2,637
2,637
Charitable activities
House restoration, purchase of
furnishings, and education
124,172
3,806
127,978
Total
126,809
3,806
130,615
NET INCOME/(EXPENDITURE)
(50,256)
14,194
(36,062)
RECONCILIATION OF FUNDS
Total ftjnds brought forward
732,356
55,390
787,746
TOTAL FUNDS CARRIED FORWARD
682,100
69,584
751,684
TANGIBLE FIXED ASSETS
Freehold
property
Museum
equipment
Leasehold
improv'nts
COST
At l January 2023
Addition5
517,157
55,115
748,577
At 31 December 2023
517,157
55,115
748,577
DEPRECIATION
At l January 2023
Charge for year
18,375
3,675
748,577
At 31 December 2023
22,050
748,577
NET BOOK VALUE
At 31 December 2023
517,157
33,065
At 31 December 2022
517,157
36,740
Page 12
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIXED ASSETS - continued
Office &
computer
equipment
Antiques
& paintings
Totals
COST
At l January 2023
Additions
256,827
30,294
1,187
1,607,970
1,187
At 31 December 2023
256,827
31,481 1,609,157
DEPRECIATION
At l January 2023
Charge for year
243,873
6.591
28,833 1,039,658
764
11,030
At 31 December 2023
250,464
29,597
1,050,688
NET BOOK VALUE
At 31 December 2023
6,363
1,884
558,469
At 31 December 2022
12,954
1,461
568,312
10. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
COST
At l January 2023 and
31 December 2023
20,010
NET BOOK VALUE
At 31 December 2023
20,010
At 31 December 2022
20,010
There were no investment assets outside the UK.
The CDmpany'5 investments at the balance sheet date in the share capital of companies include
the following:
Merchant's House Trading (Marlborough) Limited
Registered office: The Merchant's House, 132 High Street, Marlborough, Wiltshire SN8 IHN.
Nature of business: Gift shop
Class of share.,
Ordinary
holding
loo
2023
2022
Aggregate capital and reserves
60,592
70,775
Page 13
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Amounts owed by group undertakings
VAT
Prepayments and accrued income
34,436
3,205
5,300
8,499
42,941
8,499
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Amounts owed to group undertakings
Accruals and deferred income
21,005
11,973
11,475
11,475
32,978
In expectation of the Merchant's House Trading (Marlborough) Limited donation of profits, which
happened after the prior year balance sheet date, £50,000 was transferred in December 2022 and
therefore is the reason at 31 December 2022 the intercompany is a creditor balance. This has now
been cleared by the donation being formalised during the year ended 31 December 2023.
13. MOVEMENT IN FUNDS
Net
movement
in fund5
Transfers
between
funds
At
31.12.23
At 1.1.23
Unrestrlcted funds
General fund
Designated fund
44,615
637,487
9,538
(32,836)
16,102
(56,377)
70,255
548,274
682,102
(23,298)
(40,275)
618,529
Restricted funds
Antique collecti0115
Nuseum
Marlborough drawings
Education
Town signs
Museum MTC
Modes Database
Marketing & Promotion
Roof
Conservation
Buildings repairs
353
44,835
1,554
1,375
875
3,595
1,421
844
14,000
730
353
43,802
1,554
(1,033)
(1,375)
875
3,395
1,203
844
(200)
(218)
(54,275)
40,275
730
2,915
2,915
69,582
(54,186)
40,275
55,671
TOTAL FUNDS
751,684
(77,484)
674,200
Page 14
contlnued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
MOVEMENT IN FUNDS - continued
Net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fund$
General funé
Designated fund
111,516
(101,978)
(32,836)
9,538
(32,836)
111,516
(134,814)
(23,298)
Restricted funds
Museum
Education
Museum MTC
Modes Database
Roof
Buildings ￿paIrS
(1,033)
(1,375)
(200)
(218)
(54,275)
(17,085)
(1,033)
(1,375)
(200)
{218)
(54,275)
2,915
20,000
20,000
(74,186)
(54,186)
TOTAL FUNDS
131.516
(209,000)
(77,484)
Comparatives for movement in funds
Net
movement
in funds
At
31.12.22
At 1.1.22
Unrestricted funds
General fund
Designated fund
94,869
637,487
150,254)
44,615
637,487
732,356
(50,254)
682,102
Restricted funds
Antique collections
Museum
Mar1borough drawings
Education
Town sign5
Museum MTC
Modes Database
Marketing & Promotion
Roof
Conservation
353
45,868
1,554
1,375
875
3,881
640
844
353
M,835
1,554
1,375
875
3,595
1,421
844
14,000
730
(1,0331
(286)
781
14,000
730
55,390
14,192
69,582
TOTAL FUNDS
787,746
(36,062)
751,684
Page 15
continued.

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
MOVEMENT IN FUNDS - continued
CDmparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
In funds
Unrestricted funds
General fund
76,553
(126,807)
(50,254)
Restricted funds
Audit fee
Museum
Museum MTC
Modes Database
Roof
Conservation
2,000
(2,000)
(1,033)
(2861
(219)
(1,033)
{286)
781
14,000
730
1,000
14,000
1,000
(270)
18,000
(3,808)
14,192
TOTAL FUNDS
94,553
{130,615)
(36,062)
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.22
Unrestricted funds
General fund
Designated fund
94,869
637,487
(40,716)
(32,836)
16,102
(56,377)
70,255
548,274
732,356
(73,552)
(40,275)
618,529
Restricted funds
Antique collection5
Museum
Marlborough drawings
Education
Town signs
Museum MTC
Modes Database
Marketing & Promotlon
Roof
ConseNation
Buildings repairs
353
45,868
1,554
1,375
875
3.881
640
844
353
43,802
1,554
(2,066)
(1,375)
875
3,395
1,203
844
(486)
563
(40,275)
730
2,915
40,275
730
2,915
55,390
(39,994)
40,275
55,671
TOTAL FUNDS
787,746
(113,546)
674,200
Page 16
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 mDnths and prior year 12 month5 combined net movement in funds, included in
the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated fund
188,069
(228,785)
(32,836)
(40,716)
(32,836)
188,069
(261,621)
(73,552)
Restricted funds
Audit fee
Mijseum
Education
Museum MTC
Modes Database
Roof
Conservation
Buildings repairs
2,000
(2,000)
(2,066)
(1,375)
(486)
(437)
(54,275)
(270)
(17,085)
(2,066)
(1,375)
(486)
563
(40,275)
730
2,915
1,000
14,000
1,000
20,000
38,000
(77,994)
(39,994)
TOTAL FUNDS
226,069
(339,615)
(113,546)
The following designations have been made:
Balance at
31.12.2022
Movements/
Transfers in year
Balance at
31.12.2023
Purpose of designation
Salaries and other running costs
Replacements for loaned furniture
Capital projects
Essential repairs
Building5 used for charitable purposes
Investment in Trading Company
16,500
4,250
25,730
53,842
517,155
20,010
16,500
4,250
25,730
4,989
476,795
20,010
(48,853)
(40,360)
637.487
(89,213)
548,274
14. RELATED PARTY DISCLOSURES
During the year the charity received a donation from it5 trading subsidiary The Merchant's House
Trading (Marlborough) Limited of £46,255 (2022
£nil). The trading subsidiary has agreed
after the balance sheet date to donate its net profit of £36,072 to the charity. At the year end
the subsidiary owed the charity £34,436 (2022 - £21,005 owed to the subsidiary).
Page 17
continued...

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
15. POST BALANCE SHEET EVENTS
The Merchant's House (Marlborough} Trust has agreed after the balance sheet date to extend the
lease on 132 High Street Marlborough for a further 25 years at £1 per annum.
16. MEMBERS, LIABILITY
The charity is a private company limited by guarantee and consequently does not have share
capital. Each of the members is liable to contribute an amount not exceeding £1 towards the
assets of the charity in the event of liquidation.
Page 18

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations and legacies
Gift aid
Subscriptions
22,510
633
3,417
23,319
3,041
2,385
26,560
28,745
other trading activities
Fundraising events
Admission fees
Gift of shop profits
4,970
9,062
46,255
8,182
4,519
60,287
12,701
Investment income
Property rental income
Deposit account interest
43,659
881
42,585
32
44,540
42,617
Charitable actlvities
Miscellaneous income
Grants
132
6,490
4,000
132
10,490
Total incorning resources
131,519
94,553
EXPENDITURE
other trading activities
Fundraising event costs
871
2,637
Charitable activities
Employment Costs
Establishment costs
Repairs and maintenance
Office expenses
Printing, postage and stationery
Subscriptions and donations
Sundry and other costs
Depn leasehold property improvements
Depn of antiques & paintings
Depn of Dffice & museum equipment
49,883
16,301
97,287
1,490
3,201
113
50,912
9,491
29,309
2,020
5,095
229
1,331
3,675
7,876
626
3,675
6,592
766
179,308
110,564
Support costs
Management
Establishment C05t5
Carried forward
2,561
2,561
504
504
This page does not form part of the statutory financial statements
Page 19

THE MERCHANT'S HOUSE (MARLBOROUGH) TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Management
Brought forward
Office expenses
Sundry and other costs
2,561
9,295
577
504
703
15
12,433
1,222
Finance
Bank charges
353
671
Governance c05t5
Auditors, remuneration
Legal and professional fees
Accountancy fees
2,000
13,271
250
13.788
2,250
16,038
15,521
Total resources expended
209,003
130,615
Net expenditure
(77,484)
136,062)
This page does not form part of the statutory financial statements
Page 20