GISTERED COMPANY 14tJMBER: CK021438 (England and Wales) REGISTERED CEL4RITY NUMBER: 1015922 REPORT OY THE TRUSTEES AIJD UNALIDITED FINANCIAL sTATE￿NTs FOR TBE YEAR ENDED 31 OCTOBER 2024 FOR HINCKLEY S DISTRICT E4USEUM Brealey Foster & Co Edwards Centre The Horsef air Hinckley Leicestershire LEIO OAN H1NCI￿y & DISTRICT MLTSEUM CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YIAR ENDED 31 OCTOBER 2024 Page R•port of th& frustees Independent Examiner, s Report Statement of Financial ActivitiÉ$ 9 to 10 Balance She&t li Notes to the Financlal statem8nt8 Detailed Statement of Financial Activitias 12 to 18 19 to 20 HINCIUEY & DISTRICT MUSEDM REPORT OF TEE TRUSTZES FOR THE YEAR ENDED 31 OCTOBER 2024 The Trustees present their Report and Accounts for the year ended 31 October 2024. Ref erence and administratlve details hé charity name. The legal and operating name of the charity is Hinckley and District Museum and it is a Charitable IncoLporated Organisation ICIOI he charlty S atÈa8 of opazation and LTK charitable r&gistration. he charity is registered with the Charlty Commission in England & Wales wlth charity nun￿er 1015922 ICCEWI Legal 8tructur6 of the Charity Rinckley and District Museum Limited was originally incorporated under Companles Act 1985 on 24th July 1992 Ino. 02734125). It was a prlvate thé company limlted by guarantee and not havlnq a share capitol. The company was also registered charity Ino. 10159221 The Company converted Into a Charitable Incorporat8d Organlsatlon ICIOI, voting rnembers other than its charity trustee$, on 7th April 2020, with the charity registration no. 1015922. At 31st October 2023 the charity was constituted as a Char￿table Incorporated Organisation ICIO) wlth voting members othÈr than its charity trustees. There are no restrictions in the governing documents on the operation of the charity or on its investrnent powers other than those imposed by Charity Law. The Trustees are all ind&vLduals. with saThe ha principal operatlng addzess, telephone number, email and web addr•ss•8 of the charlty ara:_ Hinckley and Di8trict Museum Frarnework Knitters Cottages, 30 Lower Bond Street H&nckley, L6IcestÉrshire, LEIO IQU Telephone: 01455 251218 Email address: hinekleymuseurn@hotmail. co. uk Web address: https: //www.hinckleydistiictmuseuTh. org. uk The TEustÈes In o£fice on the day the raport was approved were'.- E A Crabtree, M.B.E. H A Beavln R J Brooks A Lester P G Lindley B Witherford hè £ollowing persons served as TrusteeB during the year ended 31 October 2024:_ E A Crabtree, N.B.E. C Bailey H A Beavin R J Brooks A Lester Ifrom 14.8.20241 P G Lindley R Parkinson B Witherf ord All the Trustees are mexnbers of the charlty. Page I HINCKLEY & DISTRICT MUSEUM REPORT OF TRE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 oBJEc￿IvEs AND ACTIVITIES Objects and activities of the charlty The purpose of the clwrity is set out in its govezning document. The charity"s principal object las defined in its Constitution) is museum to advance the education of the public In Hinckley and th "To provide the material heritage and the environment for the publlc benefit" surrc>unding area and to foster and encourage the conservation and ietter understanding of he main activities undertaken In relation to these purposes during the year. The charity has provided a museum service for the people of Hinckley and beyond centred on its Lower Bond Street prernlses since 1996. he main activit16s undertaken during the year to £urther the chatity 8 for the public benefit. purpose The year 2023/24 proved to be another busy one for everyone Involved with the useum. Agaln the Museurn opened on Easter Saturday following discussions with volunteers who believed that the extra day's opening would prove several beneficial. The result wa8 a success with knitted bunnies foL sale along with the bunny hunt. Open days remained Saturdays and Mondays for the rest of the Easter untll the end of October. season The hosiery experience in the main gallery was enhanced thi8 year. One of volunteers, John Ch&nn, worked tirelessly to get several knittlDg rnachines our working order. Into The large clrcular knittlng machines have also been serviced and can now be manipulated by hand. Therè was a further display of field walking £inds from Sapcote put together by a mentser of the Sapcote Heritage Society. beginnings of local democracy were rernerttbered with a display about the The councillors elected to the Hinckley Urban District Council in 1894. flrst In Allinson galleryi Hlnckley Archaeological Soclety put together a display the Medleval Hlnckley and Hinckley Priory with information about the flnds frorn about digs around that s￿te. We remembered the birth and life of George Fox, the founder of the Quaker movement who was born in Fenny Drayton in 162 the Collaborating with our friends at the Atkins Bullding, we helped wlth a display recordlng 50 years since the current Rinckley & Bosworth Borough Council was formed with the rn8rging of HLnckley Urban Distrlct and Market Bosworth Rural District Council in 1974. We rernerobered the knerica.ry airmen frorn the Airbotne Division who were billeted in the town in early 1944 before 82nd to D-Day and Arnhem. airman who had discovered relatives in Hlnckley. departing We were very pleased to welcome descendants from We continued to network one Hinckley and Bosworth Borough Council on the Tourism Part.ryership, the BID, wlth North Warwickshire and South Leicestershire College, and the Rural the Council ILeicestershlre and Rutland} . CoTfLmunity Educational outreach continued with vislts to St Mary's Primary and Skotchley Hlll Primary Schools. We visited Hinckley Parks Primary School to investigate street naJnes and the history of the Grarronar School which is where the school now sited. Battling Brook Primary School was also welcomed to the museujn. is association with the Hinckley campus 0£ the Worth Warwickshire and Our Leicestershir Collage continued with Foundation South students creating children's quiz sheets and making a film about our clisplays. The Dluseum the part in the Burbage Cornmon Open Day and had further displays in Hollycroft took to promote our aTthition to extend the museum facilities. Park Box to Age UK working with dementia patiènts. We provided a Memory Our collaboration with the staff at the Atkins Building has again successful being able to utilise their facilities to our advantage with archive storage arrangements and holding meetings in their conference rooms we thank the Atkins staff for their help. been our and Page 2 HINCKLEY & DISTRICT MUSEIJM REPORT OF THE TRUSTEKS FOR THE YEAR ENDED 31 OCTOBER 2024 The summer holiday events for children were again well attended and we extended these events with activities taking place during the sulluftet and autumn half terrns. The Museum again participated in thè national lleritage Open Days event in September and opened on the Sunday which coincided with th& town's annual Motor Show which always guarantees a good footfall. We are very pleased that rnany groups/organ&sations want to visit the Museum welcorned Adult Learners, Hlnckley District Fast & Present, the Mayor and Councillors and younger visitors from local Scout and Guide groups. The has again been the setting for wedding photographs by newly-weds who had the knot, at the Registrar's Office in the Atkins Building. Trle took part in Burbage COn￿UnitY Arts Festival when they borrowed our Wash Day equipment for fun afternoon, fortunately in the sunshine. we other garden ' tied the Volunteers and trustees vlsited the Framework Knitters Museurn at Ruddington to gain valuable insight into their working practices and from that experience we were able to engage wlth a consultant to complete an Access and Inclusivity Audit of our current premises and also take a look at our forward proposals. We were able to obtain a grant £tom lQJuseurn Development Midlands IMDMI to cover the cost of the audit. Winter maintenance was undertaken. All the curtains were replaced includlng easier to use flttings. new Fund raising 18 so important Lo the continued success of the Museum. Grants towards the summer holiday events ensure we are able to offer a good selection of actlvities for the children to enjoy. A Pub Quiz and Choir Concert were held, and an evening wlth Elizabeth l enacted by Dr Lesley Smith. We were also entertalned by the Ukeladies Ukelele Band. Raffles held at the talks, progranuThe also raised a considerable amount towards our Bullding Fund. We were fortunate to receive sponsorship frorft G Seller & Co during the year, donations from the G80rge Ward Charltable Truse, Alnckley District Past and Present, and the Hinckley Travel and Social Group. The Museum ha8 enjoyed a full Talk3, Programme, Curtesy of oui very supportive hosts at the Hinckley Great Meeting Chapel covering many varied and Interesting topics. We ,were happy to receive raffle prizes from Tesco and Morrisons, Heart of England and Central Co-ops. rhe Hinckley Historian was produced and regular newsletters were distributed to keep the menber3hip informed of events. Out voluntaers have worked vary hard throughout the season to ensure visitors enjoy their vlslt to the Museurn. We have been pleased to welcome 6th form student volunteerlng thls year and wished our A level students good wishes when they left to begln their university courses. As well as f ront house and tea room responsibilities, our volunteers undertake dutlesi cataloguing gardening and maintenance and help to put the displays together. ThLs year the Forward Planning working party has been very active taking our extension proposals several steps forward to achieving our goals. our The Trustees have had regard to the Charity CoLwnission's guidance on benèfit in managing the activitie8 of the charity. PLthIic Tho short tezm and longer tezm aims and objectives. he contlnulng provision of a museum for the people of Hinckley and beyond, to improve the visitor experience. To achieve a trustee and museurn membership capable of continuing the of the charity into the future. and operatlon Progressing with the anthition to extend the rnuseum to provide much accass wlth reception and retail facilityi toilets, lift to the upper moeting and storage rooms. improved floor, Thé charity"s strategies for achieving its airtss and objectives in the £uture. Page 3 HINCKLEY & DISTRICT MUSEUM REPORT OF TrUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 To recruit additional Trustees and volunteers to ensure succession planning. To inctease fund raising to achieve our extension building proposals. Hov the aotivities undertaken during the year contributed to the aChieVÈ￿DÈ 0£ the and objectives. The collaborativè efforts of useum volunteers and improved visitor experience8 through.. working with rnany organisations helped to achieve our arnbition to provide a museum for the other town Additional children"s event days were held during the school sunlrner auturnn half-terrn holldays. and Our collaboratlon with the staff at the Atkins Building has again successful being able to utllise their facillties we thank the Atklns staff for their help. to our advantage with archive storage arrangements and holding rneetlngs in their conference rooms been our and The annual Motor Show wh&ch always guarantees a good Eootfall. dlsplay stand at the Hollycroft Park to promote our new extenslon to a wider audience with a very good We had response. Fun Day and Burbage Co￿￿on Open Day Fund rais&ng Is so important to the continued success of the Museurn. towards the summer holiday events ensure we are able to offer a Selection 0£ activities for the children to enjoy. Grant8 Elizabeth I, a Pub Qulz and a concert by the Wigston and Distr&ct Male good Choir helped boost our funds. An historical event about Voice The Museum has enjoyed full Talks, Programme, supportive hosts at the Hinckley Great varied and interesting toplcs courtesy of our produced IvJeeting Chapel covering very rAany informed of events. Two copies of the Elinekley Historian and regular newsletters were distributed to keep the were merDJ)er8hip Our volunteers have workÈd very hard throughout the visltors enjoy their vlsit to the Museun. season to 8nsure One of our former A level our sorne really good new ideas for the Sununer holiday events. studentB who now attends Leicester Unlverslty contlnued to volunteer on open days and had house and tea room responslbillties, duties, our volunteers AS well as front of undertake cataloguing gardenlng and Maintenance and help to put the displays together. Forward Plannlng working party has met too and taken part in outside VIs￿t8 enhance our knowledge 0£ organising a museun. The to Restsuzces used In tha activities undertaken duriag the year. The museum made use of donations and subscriptions from Friend3, other locations to take place. together successful grant applications, to enable the outreach at the Atkins Building with and The contribution of volunteers durlng thè year. The museurn is managed and staffed entirely by volunteers who undertake all tasks essential to its operation, including administration and f inance, curatorial collections management, display and outreach work, front of house duties on days, gardening and site maintenance. and open The work and input from our volunteers is recognised as most important essential to enable the museum to continue to welcome visitors. and The ll￿n achievements and pèrfozmance of the charity during the year. Page 4 HINCKLEY & DISTRICT MUSEUM BEPORT OF ￿HE TRUs￿EEs FOR THE ¥EAR ENDED 31 OCTOBER 2024 Nain achievernents Visitor nuntsers renained good with the sumrfter holiday events providing the greatest daily footfall illustratlng the need for such events and recordlng anecdotal evidence of how much these events are appreciated. Increased involvÈment of schools illustrates the need for us to improve our offer to schools. Fundraising No fundraisers are empLoyed by the charlty and 10090 of the proceeds of fundraising are used for the rftuseum's charltable purposes. any Fundraising activities during thè y8ar. Donations were recelved from The Worshipful Company of Frarnework Knitters, the George Ward Charltable TLUSt, the Hinckley Travel and Social Groupi and Hinckley District Past and Present. Grants were received from the J Reginald Corah Foundation Trust, the aud Elkington Charitable Trust, the Florence Turner Trust, and Museum DevelopThent Midland8. Own activities Wigston and District Male Voice Choir concert, "An evenlng wlth Queen Elizabeth 1st" a pub quiz, and raffles at the talk events. The charity continued to operate a lottery (which is registered with H£nckley and Bosworth Borough Councill open to metther¥ and non-rnembersi and benef&ts f rorn supporters shopplng on line via the easyfundra&sing.org.uk slte. The dlfferoncé tha charity's perfotznanc• durlng the year has Thade to the benef iciaries of the charity. he monies ieeelved allowed wotk to be carried out which has greatly improved the visitor experience both inside the rnuseum and in the garden where access and walking 18 now much safer. The museum has been able to extend its range activities outside the museum to a wider audience and improve the on-slte V131tor experlence as a rèsult. Public bene£lt The dagree to which the achlevernenta and performance duiing the yea bènefitéd wider society. have We continued to work wlth Hinckley Archaeology Socletyi Burbage Heritage Groupi Hinckley District Past and Ptesent, and Hincklèy BID to broadcast the message that history and especially our local history is interesting, exciting and fun. We are mernbers of the Leicestershire & Rutland Heritage Forum ILRHFI, the Association of Independent Museurns IAIMI, and the lllnckley and Bosworth Tourism Partnetshlp and keep in close touch with council officer8 in developing the tourism and heritage offer in the town. Re-establishing links with local colleges and schools helps the museum, and particularly the students in galning skllls useful for their future careers. STRUCTURE, GOVERNANCE At4D MANAGEN&NT Governing document The charity is controlled by its Constitution as a Charitable Incorporated Organisation (CIO) with voting members other than its charity trustees. Page 5 EINCKLEY S DISTRICT MUSETJM REFORT OF THE TRUSTEES FOR YEAR ENDED 31 OCTOBER 2024 STRUCTURE, GOVERNANCE AND MANAGEME￿ The methods used to zeetuit and appoint new charity trustees. Usually prospectLVe trustees are suggested by existing trustees and invited to attend meetings with a view to possible recruitrnent. The wider museurn rnembership is also encouraged to consider taking on the trustee role. The rnuseum uses Its website, facebook slte, the Hinckley BID, and the Friend3 trustees. network to seek new The policies and proceduras £or thè induction and training of trustaé£. New trustees are encouraged to take advantage 0£ the information and training offered by the Charity Comroission, Museum Development ￿￿aSt midlands IMDEMI Association of Independent Museums and other sector organisations. the Otganisational structure. The Trustees have ultimate responsibillty for the management of the musÈurn. The Chairtftan and Vice-chairman are appointed by the Board. The museum is managed and staf fed entirely by volunteers. How the charity makes decision8 and how declsions ara dalagated. The Trustees have ultimate responsibillty for the managernent of the charity and Is its dacision making body. Consultation, where appropriate, is undertaken with other stakeholders Including the Friends tsf the museum, the local authorityi othet local organ&sation8 Wlth an interest in heritage and history. and Management. Day to day respon8ibllity for the management of the public open season and the work of volunteers Is delegated to the Secretary and Honorary Curator. TrTider network. The charity Is a menther of the Leice8torshire and Rutland Herltage Forum, the Hinekley and Bosworth Tourism Partnershipi the Hlnckley and Bosworth Fairtrade Forum Ithe museum tearoom uses Fairtrade accredited cgnsumablesl , Assoclatlon of Independent Museums. and the PEFEFENCI AND ADMINISTRAT￿ DETAILS Registered Company number CE021438 (England and Wale8} Registered Charlty nurnber 1015922 Register•d o£flcé inckley and District Mu8eum Framework Knitters Cottage 30 Lower Bond street Hinckley Leicestershir8 LEIO IQU Trustees Mrs E A Crabtree Mrs C J Baxley B Witherford R Parkinson H A Beavin R J Brooks P G Lindley J Howe PagÉ 6 HINCKLEY & DISTRICT MUSEUi4 REPORT OF TE& TREISTEES FOR THE YEAR ENDED 31 OCTOBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent EXa￿ner Brealey Foster & Co Edwards Centre The Horsefair Hinckley Leicestershire LEIQ OAN Tha charity $ advisors. Bankers Lloyds Bank Pic The Co-operative Bank Accountants Brealey Foster & Co. Edwaids Centre, The Hor8efalr, Hinckley LEIO OAN Apptoved by order tsf the board of trustees ..ith rn.*. %o.%s........ and slgned on its behalf by: on Mrs E A Crabtree Trustee Page 7 INDEPENDEWE EXAMINERI S BEPORT TO THE TRUSTEES OF H1NCI￿¥ & DISTRICT MUSEUM Ind&pendent eXa￿n@￿'S report to the trustees of Hinckley & District ( ' the Company, ) Museum report to the charity trustees on my examination of the accounts of Company for the year ended 31 October 2024. Responsibiliknes and basis of report As the charity's trustees of the Company land also its directors for purposes of company law} you are responsible for the preparation of tho aecounts in accordance with the requirernents of the Companies Act 2006 ('the 2006 Act, I the Having satisfied myself that the accounts of the Company are not required to audited undÈr Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'i carrying out my examination I have followed the Directions given by the as eommlssion under Section 145151 Ibl of the 2011 Act. In Char&ty Independent exanuner, s statement I have completed my examination. confim that no matters have come to attention in connection wlth the examination giving me cause to believe: the my accountlng 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 accounts do not comply with the accounting requlrements of Section 396 of the 2006 Act other than any rec￿￿reTrent that the accounts give a and fair view which is not a matter considered as part of an examination," or true independent the accounts have not been ptepared in accordance with the mÈthods prlnciples of the Statement of Recommended Practice for accounting reporting by charlties (applicable to charities preparing their account¥ accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland IFRS 10211 and and In and I have no concerns and have come across no other matters in connection with the exarnlnation to Wh￿ch attention should be drawn in this report in order to enable proper understandlng of the accounts to be reached. Peter Ian Brealey he Institute of Chartered Accountants in England and Wales Brealey Foster & Co Edwards Centre The Horsef air Hlnckley Leicester8hlre LEIO OAN Date: Page 8 HINCKLEY & DISTRICT MUSEUM STATEMWE OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITtJRE ACCOUNT) FOR YEAR ENDED 31 OCTOBER 2024 2024 Total funds 2023 Total funds UnrestrictedRestrieted fund fund Notes INCO1￿ AND ENDOTrIMEhlTS FROM Donations and legacies 9, 601 16,434 26,035 30,851 Chatitable activiti&s Sale of Goods and services in accordance with the charity, s objects Publications Education Outreach 1, 323 240 185 1,323 240 185 1, 126 115 85 Other trading activities Investment incorne other income 750 750 1,266 251 95 Total 12,099 16, 434 28,533 33,789 XPENDITURE ON Raising funds Raising donations and legacies 38 38 Charitable a¢tivitlés 100 Club Talk3 Exhibitions Stock Purchases Hinckley Hi8torian C08t8 Other grant & donation funded activities Trlater Light. heat & power Premises repalrsi renewals and maintenance Telephone, fax & internet Postage, Statlonery & Printing Insurance Accountancy fee8 Other than examination or audit fees Depreciation 260 40 213 73 Isi 260 330 205 3,267 51 IID 213 73 151 335 335 290 67 4,615 4,363 4,363 398 768 548 2,005 5,666 6, 064 768 548 2,005 15,896 566 463 3, 407 1,450 1,450 800 Subscriptiong Service Contracts 1,508 641 173 337 142 601 1.508 641 173 571 142 601 532 620 260 349 398 1, 056 66 234 Tea Roo Collection Care Publlcity Total 13, 671 6,235 19, 906 33,386 IAET INCOMi/ (EXPENDITtJRE) 11,572) 10,199 8,627 403 IIZCONcfLIATION OF FUNDS Total funds brought forward 20,214 41, 962 62, 176 61, 773 The notes form part of these financial statements Page 9 UINCI is stated af ter charging/ Icredltingl 2024 2023 Depreeiatioft owned asset 452 532 TRUSTEES ' WIDNERATION AND BENEFITS There were no trustees, remuneratlon or other bene£lts for the year 31 October 2024 nor for the year ended 31 October 2023. ended rustèes ' expenses There were no trustees, exp&nses paid for the year ended 31 October 2024 nor for the yaar ended 31 October 2023. COMPARkTrIVES FOR TEE STATEMENT OY FINANCIAL ACTIVITIES Unre8trictedRestricted fund fund tstal funds INCO￿ AND ENDOWMZNTS FROM Donations and legacies 18. 603 12.248 30,851 Charitable activities Sale of Goods and services in accordancè with the charity, s objects Publications Educatlon Outreach 876 115 85 250 1,126 115 85 Other trading actlvlties Investment income Other income 1, 266 1,266 251 95 251 95 Total 21, 04D 12, 749 33,789 EXPENDITURE ON Raising funds Raising donations and legacies 38 38 Page 13 continued. EINCKLEY & DISTRICT MUSEUM NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31 OCTOBER 2024 Col￿PARaTIvEs FOR THE STATEMENT OF FINANCIAL ACTIVITIES continu&d LinrÈstrictedRestricted f und fund Total funds Charitable activities 100 Club alks Exhibitions Stock Purchases Hinckley Historian Costs Other grant & donatlon funded activities Water Light, heat & power Premises repalrs, renewals and maintenance Telephone, fax & internet Postage, Stationery & Printing Insurance Accountancy fees other than examinatlon or audit fees Depreciation 38 38 330 205 3,267 51 iio 330 205 3,267 51 iio 290 67 4, 615 290 67 4,615 480 393 463 3, 407 15,416 173 15,896 566 463 3,407 800 800 Subaeriptlons Servlce Contracts Mlsc Tea Room Collection Care Publicity Total 532 620 260 349 398 1, 056 66 532 620 260 349 398 1.056 66 17, 469 15, 917 33,386 YAEf INCOME/ (EXPENDITLTrI) 3, 571 13, 1681 403 RECONCILIATION OF FUNDS Total funds brought forward 16, 643 45, 130 61,773 TOTAL rns CARRIED FORWARD 20,214 41,962 62,176 ADMINISTRATIVE DETAILS Financial ravièw 0£ the position at the reporting date, 31st October 2024. Unrestricted donations and membership subscription levels have been than the previous year, due to many donations received previously unrestricted purposes being assigned to restricted income. for the Building Appeal Pund. Overall Income has inc=eased in year, and the charity has again been successful in receiving funds ftsr projects during the year. lower f or particular f inancial restrlcted here have been no changes to fixed assets in the accounting period. Polices on reserves. Fage 14 continued. HINCKLEY & DISTRICT MUSEUM NOTES TO THE FINANCIAL STATEMENTS eontiaued FOR THE YEAR ENDED 31 OCTOBER 2024 ADMINISTRATIVE DETAILS continued The trustees have examined the charity's reqLJirernents for free the light of the main unrestricted reserves in risks to the charity If inancial performance is, however, dependent on visitors to the museum and spend, together with external funding being sourced for projects and theLr workl They have established a pollcy whereby the unrestricted funds other not committed or invested in tangible fixed assets held by the charity need to be able to cover between six and eight months of unrestricted expenditure annual (including utilities, insurance, amounting to a figure of around £8000. building maintenance) The present level of frèe unrestrictèd reserves allows some flexibillty for possible increased costs of insurance. maintenance. and utilities. The trustees are satisfied that the level of free unrestricted reserves shown in the report are adequate to cover the needs 0£ the charityi as will keep thls matter under revlew to take into account any impact but by future changes in local or national circumstances Isuch as the caused iTnpact of inflation and utlllty costsl on-going Going Concern Our small independent loeal museum plays a vital role in research and maintaining pUbl￿C interest in the hLstory of the local area. Like all similar volunteer managed and operated museums it is still facing financial challenges as a result of Inflation and the fluetuation in energy The charity is in a reasonable position financiallyi but the costs. trustees recoqnLse that with limited Lncome from visitors, plus the rising cost living and Its Impact on Museum and leisure spend by consumers, of remaLn$ a potential cause for concern. thls Subject to these cornments, the trustees havè no concerns about the concern basis of the char&ty. going Avallability and adewacy 0£ asset8 0£ each 0£ the funds The trustaes are satisfied that the charity's assets In each fund are avallable and adequate to fulfill its obligations in respect of each fund. HDM Trustees Report for Year Ended 31.10.2024 TANGIBLE Pl￿D ASSETS Plant and machinery COST t l November 2023 and 31 October 2024 31,388 DEPRECIATION At l Noverober 2023 Charge f or year 28,374 452 At 31 October 2024 28,826 ET BOOK VALUE At 31 October 2024 2,562 t 31 October 2023 3,014 Page 15 continued. HINCKLEY & DISTRICT MUSEUM NOTES TO THE FINANCIAL STATEMENTS continued FOR TIIE YEAR EWDED 31 OCTOBER 2024 SMCKS 2024 2023 stocks 515 441 10. DRBJIIORg: &b£OU￿￿3 FALLING DUE WITHIN YEAR 2024 2023 Trade debtors Frepayment8 and accrued income 302 1,543 159 1,272 1, 845 1,431 11. CREDITORS: AMOLINTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals and deferred Income 463 850 209 80D 1,313 1, 009 12. Net movement in funds At 1.11.23 At 31.10.24 Unzestzicted funds General fund 20,214 11,5721 18, 642 Restrlcted funds Restricted Fund 41, 962 10,199 52, L61 TOTAL FtJNDS 62,176 8, 627 70, 803 Net movement In funds, Included In the above are as follows". Inooming Resources resources expended Movement n f unds Unrestricted £unds General fund 12, 099 113,6711 11,5721 Rèstricted £unds Restricted Fund 16,434 16,2351 10,199 TOTAL FUNDS 28,533 119, 9061 8,627 Page 16 continued. RINCKLEY & DISTRICT MUSETJM NOTES TO FINANCIAL STArnSENTS continued FOR YEAR ENDED 31 OCTOBER 2024 12. continued Cornparaknves for movement in funds Net movement in fund$ At 1.11.22 At 31.10.23 Unrestrictéd furtds General fund 16, 643 3,571 20,214 Restricted £unds Restricted Fund 45,130 13,1681 41,962 TOTAL FUNDS 61,773 403 62,176 CoEnparative net rnovement in funds, included in the above are as follows: Incorning Resources Movement resources expended funds Unrestrict&d £unds General f und 21.040 117,4691 3, 571 Restricted funds Restricted Fund 12,749 115, 9171 13, 1681 TOTAL FLINDS 33,789 133, 3861 403 A current year 12 Months and prior year 12 months cotnb&ned posltlon Is follows.. as Net movement in f unds At 1.11.22 At 31.10.24 Unre8tricted £unds General fund 16,643 1, 999 18, 642 Restrlcted funds Rastrlcted Fund 45,130 7, 031 52,161 TOTAL FUNDS 61,773 9,030 70,803 current year 12 months and prlor year 12 months comblned net movement funds, included in the above are as follows: in Incoming resources Resources expÈnded Sovement in f unds Unrestricted funds General fund 33, 139 {31, 1401 1,999 Restrieted funds Restricted Fund 29,183 {22, 1521 7,031 T¢yfAL FONDS 62,322 153,2921 9,030 Page 17 continued. RINCKLEY & DISTRICT blUSEUM NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31 OCTOBER 2024 13. RELATED PARTY DISCLOSURES There were no 31 October 2024. related party transactions for the year ended Page 18 HINcIaEY & DISTRICT MUSEUM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds INCOM& AND ENDOTrIMENTS Donations and l•gacie8 Donations Gift aid Subscrlptions Admissions 5,720 16.434 22,154 25, 063 1,686 2, 067 2,035 1,950 1, 931 1, 950 1,931 9, 601 16,434 26, 035 30, 851 other trading activities Fundraising events Shop Income Talks Hinckley Ristorian Sale8 293 352 293 352 io 1.051 115 90 105 105 750 750 1,266 Investsnant Incomè Interest receivable trading 25L Charitable activitia8 Charltable Activities Income Grants 1, 748 1,748 1,076 250 1,748 1,748 1,326 Other xncL)me Bank Reward 95 Total Incti￿ng resources 12,099 16, 434 28,533 33, 789 EXPEYADITtIpi Raising donations and legacies Sundries 38 Charitabla actlvities Rates and water Insurance Light and heat Telephone Postage and statlonery Advertising Exhibitions Grant & Donation Funded Activl stock Purchases Hinckley Historian Building Repairs Subscriptions Misc Tea Roorn Collectiort Care Carried f orward 67 3, 407 4,615 566 463 66 3,597 290 51 iio 15,896 620 349 398 1,056 31,551 3,061 4,363 768 548 3,061 4,363 768 548 473 473 335 73 151 6, 064 641 1, 171 142 601 18,391 335 73 151 398 641 937 142 601 12, 156 5, 666 23 6. 235 This page does not form part of the statutory financial statements Page 19 HINCXLXY & DISTRICT MUSEUM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 Unrestricted Rest- f unds 2024 otal funds 2023 Total f unds funds Charitable activities Brought forward Talks Plant and machinery 12,156 40 452 6, 235 18,391 40 452 31,551 205 532 12, 648 6, 235 18, 883 Support costs blanagement Service Contracts 32,288 173 173 Governanea costs Accountancy fees 260 850 850 Total resources expended Net inc¢)me 800 13, 671 6,235 19,906 33,386 11, 572) 10, 199 8,627 4J03 his page does not form part of the statutory financial stataments Page 20