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Charlty reglslratlon number 1018779
Company registratlon number 02793965 (England and Wales)
ST BARBE MUSEUM AND ART GALLERY
A COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
*A015GUUL4*
1711212024
COMPANIES HOUè>
A11
#240

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ST BARBE MUSEUM AND ART GALLERY
LEGAL AND ADMINISTRATIVE INFORMATION
Chair
Sir J H de Trafford
Board Of Trustees
S Alderson
P Baker
A Cortjridge
C E Faint
T Francis
C A Jones
ProfessorA C King
J A Millard
PAPerry
Professor A Smith
Sir J H de Trafford
A Pritchard
N J McLocklin
S E Cheers
A Burton
J Lock
(Appointed 12 September 2023)
(Appointed 4 Oecember 2023)
(Appointed 4 June 20241
(Appointed 17 September 20241
(Appointed 17 September 20241
Senlor Management Team
M Ragan, Museum Director
Charity number
1018779
Company numb•r
02793965
Registered offlce
St Barbe Museurn
New Slreel
Lymington
Hampshire
S041 9BH
Independent examiner
Fiander Tovell Limlled
Slag Gates House
63164 The Avenue
Southampton
Hampshire
S017 1XS
Bankers
Lloyds TSB PLC
39 High Street
Lymingion
Hampshire
S0419ZF
Inveslment advisors
Schroder Unit Trusts Limited
PO Box 1402
Sunderland
SR43 4AF

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ST BARBE MUSEUM ANDART GALLERY
CONTENTS
Page
Vision. mission and core values
Summary ol strategic objectives
Chails stalemenl
Director's report
Trustee5' report
8-10
Independent examinerfs report
11
Statement of financial activities
12
Balance 5heel
13-14
Noles to the financial statements
15-30

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ST BARBE MUSEUM AND ART GALLERY
VISION, MISSION AND CORE VALUES
Vlslon
To become the most respected small museum and art gallery in the UK - providing cultural experiences and ¢￿ative
activities for the wider community.
Mission
We will achieve our vlsion by..
a) Making St Barbe a great organisation that attracts and inspires talented people - staff, volunteers, Friends,
Trustees, contractors. partners and others.
b) Working Wlth our community to improve the range of cultural experiences and creats've ackn'vilies for our
audiences through Ihe way in which we..
Collect, interpret and make accessible the cultural heritage of the New Forest and its coastline
Deliver world class exhibitions and events
Produce innovative cultural programmes and activlties, including via the web
Encourage the participation of the wider community in creative pursuits
o Inspire greater respect for the planet and take a lead in developing more sustainable practices
th the aim of diver31fylng Our audience and reachin9 Out to people of vaned background, ages and abilities.
c) Attracting a larger, varied and loyal group of Donors, Patrons, Friends and revenue-generating visitors to
provlde a financially resilienl base for our expanding activities.
Core Values
The integrity of our charity and of everyone who works here is hugely important to us if we are to fulfil our mission and
realistically aspire to our vision.
We will be,
Creatlve- in everything we do and in how we listen to. inspire and collaborate with others
Demanding- of ourselves and of all our working practices, including our approach to sustainability
Falr- in our approach to increasingly diverse audiences, supporters, colleagues. partners and others
8y implementing our Mission, striving towards our Vision and living up lo our Core Values we intend to create a
virtuous circle leading to long-term success.

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ST BARBE MUSEUM AND ART GALLERY
SUMMARY OF STATEGIC OBJECTIVES
Our Five Year Plan details eight strategic objectives linked together in a virtuous circle..
Make St Barbe a great organisation Ihat attracts and inspires lalented people.
2. Provide our people with improved information, too15 and resources - property, plant, IT and equipment.
3. Enrich the range and quality of our collection and the ways in which it can be accessed.
4. Develop an innovative, appealing and diverse programme of exhibitions, displays and activities that are
evaluated for impact.
5. Expand and diversify the experiences and activities of our audiences by improvlng our outreach and the
services we provide. online and in-person.
6. Use marketing creatively to raise our profile, and to increase and diversify our audience, while showcasing our
charitable impact.
7. Attract a larger, MO￿ varied and loyal group of donors through a comprehensive fundraising Strategy..
8. Improve financial performance, operational efficiency and environmental standards.
Talented
People
Sustainable
Flnances
Right
Tools
Comprehensive
Fundfaisin8
Accesslble Collectlon
Effertive
Marketin8
Cultural
Experiences
Cieatlve
Activities
A failure to succeed with any one objective jeopardises overall success. However, by ensuring that our action plans
are implemented coherently in all areas we can build momentum around a virtuous circle. Potential for acceleration
will come from the successful application to Arts Council England for National Portfolio Status. Additionally, we will
focus efforts on any objective which is failing, either through adverse extemal factors or inadequate attention. This
may require us to slow the virtuous circle or in extreme circumstances (such as closure ofthe museum because of
pandemic) go into reverse and implement contingency plans. It 15 this flexibility that lies at the heart of our Five-year
Plan.

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ST BARBE MUSEUM AND ART GALLERY
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
There has been a host of coverage in the media about funding for the arts and the benefits this brings
to both the UK economy and the well-being of its population. However. the uncertain political climate
and relatively weak economic situab'on provides little prospect of any signrficant change in future. St
Barbe is having to strive for every visitor and for every bit of funding, alongside other cultural
organisations.
For the last five years we have had a clear focus set out in a series of annual and long range plans,
each carrying the slrapline 'Creating a Flexible Future. and that is what we are successfully doing. At
the heart of this strategy is the understanding that we must live within our means. but that the more
funding we receive the more we can achieve.
2023124 marked a retum to profitability after the loss we made in the previous year, when we were not
quick enough lo adapt to the slower than expected release of funds. We are still too dependent on
funding for specifi¢ aclivities rather than funding thal contributes to our core costs, largely staff and
overheads.
Desprte considerable progress in raising OUT profile over recent years, there are still many in our local
area who don't fully appreciate that we are a charity bringing cultural experiences to the wider
community. We are sometsme5 perceived as relatively well endowed by local aulhonty funding and
primarily calenng for an older, wealthier and less diverse elile.
The reality is that Hampshire County Council who used to provide us with £60,000 per annum in core
funding have now wilhdravffl it in entirety, due to their extreme budgeting pressure5. Sadly, the New
Forest District Council have also halved their funding lo £5,000. while the smaller contributions from
Lymington and Pennington Town Council mostly relate to specific needs or activities.
We have Iherelore become even more dependent on lunding Irom Arts Council England and the
National Lottery Heritage Fund. Fortunately, we are establishing a strong track record with both these
national funding bodies. They are beginning to use us as an exemplar of what can be achieved by an
energetic and committed smaller museum.
We have also been able to drive higher paid admissions to the museum and temporary exhibitions and
sustain a thriving Friends organisation. The shop continues to do well and we continue to diversify our
sources of funding.
I will leave it to our Director, Maria Ragan. lo cover the success of our outreach activilies and the awards
we have won. As always, it has depended on the hard work of many people and we are indebted to
them all.
A5 we entered the new financial year, we also marked the 25th anniversary of the founding of the
museum. A few of those early pioneers are still working as volunteers and their dedication was
recognised at a recent birthday party. We y￿re able to celebrate with a number of guests vtho had
experienced the building in its earlier role as the local primary school founded by the St 8arbe family.
We enter the next 2S years with optimism for the future. We have a strong pipeline of exhibitions and
are succeeding in building successful partnerships in local villages. The New Forest is recognised as
an area of low engagement in arts, history and culture. Together we are bringing about change.
Since my last report we have successfully recwited new Trustees. Neil McLocklin, Sarah Cheers, Jeff
Lock and Andrew Burton bring a wealth of new experience to the Board to add to the existing bench
strength. They recognise our groNMng reputation and were keen to join us while we, in turn, were
delighted to welcome them.

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ST BARBE MUSEUM AND ART GALLERY
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
I would like to end by thanking all those who have contributed to our continuing gro%%th - our lunders,
our Friends, our visitors and, most especially, our people, both staff and volunteers. Without them we
could not succeed.
gir W IL frafvl
Sir John de Trafford Bt. MBE
Chair of Trustees
16/12/2024 | 10:29 GMT

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
This has been a great year for St Barbe's. We have even been recognised wth awards from the New
Forest Business Partnership where St Barbe won the Balmer Lawn Hotel Award for Outstanding
Contribution to the Visitor Economy and from Hampshire County Council vtho put St Barbe's fopward
for the HAF 2024 Awards as one of their local providers that has demonstrated excellence in provision,
which we then won. We have continued to produce superb exhibitions, innovative programming and
exceptional outreach opportunities for our communities.
We continue to work hard on our Arts Council England (ACE) National Portfolio Organisation (NPO)
programme and have had some excellent feedback from ACE.
Make st Barbe a great organlsatlon that attracts and insplro8 talenled people
Our staff and volunteers have continued to be the major asset of the Museum. each working hard and
contributing to the success of the Museum in ever more creative ways.
Staff Changes..
Leo Powell has now left the Museum to take up a post nearer to his home in Chichester.
Daisy Laker v￿S our Apprentice from February lo Septembef and was then offered another role
locally
Our volunteers continue to play a central lo the smooth running of the Museum, we are ever graleful to
them for their time, energy and enthusiasm.
Provide our people with improved Inforniatlon, tools and resources property, plant, IT and
equipment
We are continuing lo develop the webslte and our CRM system lo ensure that they meet our ever-
growing needs. As our IT system ages, we are investigating the costs and practicalities ol transitioning
to SharePoint. I have a Trustee, Neil McLocklin, who has a lot of IT experience and is helping me with
this work.
We have applied for lunding to help us deal with the access, mainlenance and sustainability issues in
the Museum and have commissioned work to identify a maintenance plan. l am now working on the
funding to delwer this plan.
Enrlch the range and quallty of our collection and the ways In whl¢h It can be acco88ed
We continue to develop the collection and enhance our knowledge ofthe collection by hosting Tea and
Memory sessions. We are working with the local community and other organisations lo build the
collection and improve our cataloguing.
Develop an innovative, appealing and diverso programm• of exhibitions, displays and events
that are evaluated for impact
Theo
en Exhibition is the annual opportunity for our community to display their creative works of art
and have them available for sale. The quality of the work is truly amazing.
Piratesl Fact and Fiction was a swashbuckling exhibrlion about pirates from across Ihe globe. This
exciting family-friendly exhibition took visitors on a journey through pirate history, film and literature.
From the Cilician pirates of the Roman Mediterranean to the Golden Age pirates of the Caribbean.
displaying Vikings, Barbary corsairs, and Chinese pirates and discovering facts about their ships and
lactics. There was a lot to see and do, with spectacular costumes from Black Sails, Peter Pan and
Spartacus, and lun interactives, a children's trail and activity sheets for all ages.

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Parallel Lives looked at the careers and experiences ofeight women arts'sts, all born Y￿thin fvrfenty years
of each other and whose lives spanned the Iwenlieth century.. Wilhelmina Barns-Graham, Prunella
Clough, Ithell Colquhoun. Evelyn Dunbar, Gertrude Hermes, Barbara Jones. Enid Marx and Monica
Poole. Their work covered a range of media.. sculpture, painting. printmaking, textile design and book
illustration. Stylistically diverse. they drew selectively on art movements with some at the forefront of
developmenls within their artistic fields including neo-romanticism. realism. surrealism, folk art and
abstraction.
Plantin
Ideas led visitors on a journey Ihrough the stages in creating an Herbarium, introducing
contemporary art inspired by science and botany. The exhibition looked at historic practices in
preserving and presenting plant species and showed how these techniques inspire artists today The
exhibition explored plant collecting, pressing and drying, mounting and arranging, preseNation,
recording, illustration and economic botany. Each of these themes was illustrated by artefacts on loan
and Irom St Barbe's collection. They were embellished by contemporary artworks including a basket by
Catherine Beaumont, cyanotypes by Angela Chalmers, road dust prints by Edward Chell, embroidery
by Amanda Cobbett, Lynn Comley's felt and embroidered textiles, Caroline Dear'5 moss construction,
Joe Horner's photography, Slef Mitchell's monotypes, Sarah Morrish's botanical illustrations, Sarah
Paramor's moss bag and Helen Thomas's paintings.
Expand and diversify the experiences and activities of our audionces by Improving our outroach
and the services we provide, on-line and in person
This year we continued to expand and develop our outreach programming. We continued with the
Hampshire Activities and Food programme (HAF) and we are now their most successful and award
winning project.
th the continued support ol the Beaulieu Beaufort Foundation we were able lo further develop our'st
Barbe at Large,, an outdoor pop-up held on the Emsworth Road Recreation Ground and at Pennington
twice a week during the summer holidays.
We have expanded our outreach offer and have developed activities in village localions across the
forest and with continuing project funding from Arts Council England (ACE) we have continued lo
increase our outreach and educational actsvities, which we are still able to offer for free.
Engagement with our Young Curators and Access Panels has continued to increase and their input is
important in our future programming
St Barbe for Ukraine has continued this year with the provision of English lessons at the Museum.
Use marketlng creatively to ral80 our profllo, and to Increase and dlversify our audlence, 4thllst
showcasing charitable impact
We are mainlaining ourexcellent relationships with the local press who provide good coverage. Signage
on the High Street and directions are much clearer and are helping direct people here.
The website is working well and our social media presence is continually developing which helps with
our programming and events.
All of our work is professionally evaluated for each event and activity to ensure that we can track the
impact of markets'ng on fooffall.

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Attract a larger, more varied and loyal group of donors through a comprehensive fundraising
strategy
Our ACE Can't See the Art for the Trees project came to an end in 2024 and although we have the
regular NPO income, we need to W￿rk hard to develop new funded projects.
We continue to have amazing support from our Patrons and Friends organisalion. We have been able
to have a range of fundraising and social events this year which help us develop and expand this
support.
We are also developing our buslness partner network and secured a three-year sponsorship with Hallett
Independent
Improve financial performance, operational efficiency and envlronmental standards
A key priority for the staff and trustee team will continue to be fundraising, since we are an independent
charity. After our fundraiser left in the New Year, we have re-arranged the staffing and l am now taking
on more of the lundraising with Ihe help of two other members of staff.
I have regular meetings wilh Carol Faint, our Treasurer. We look at operational costs and potential
savings. I regularly review contracts to ensure that we are gettin9 value for money.
Both the café and ghop conlinue to be an excellent asset to the Museum. The shop is making a small
profit.
This has been a busy and successful year. The Staff, Volunteers and Trustees all feel thal we have
developed ever more posilive relationships with the communlty. local and district councils and other
supporters.
Maria Ragan
Director
St Barbe Museum and Art Gallery

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ST BARBE MUSEUM AND ART GALLERY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are directors for the purposes of company law. present the annual report tO9elher
with the financial staternents and auditors, report ofthe charitable company for the year ended 31 March
2024.
Governing Document
The Charity is conslituled as a company limiled by guarantee and is, therefore, governed by a
memorandum and articles ofthe association.
Recruitment and Appointment ol Trustees
All directors of the Company are also trustees of the charity and there are no other trustees. The Board
has the power to appoint additional trustees as it considers fit to do 50.
Tru8teo Inductlon and Tralning
All newly appointed Board members receive appropriate induction involving meetings with other
directors and discussions with the Museum Director together with the right lo attend any appropriate
external courses. All Board membefs have access to independent advice on any matters relating to
their responsibilities as Directors. The Directors are responsible for ensuring that all Board procedures
are complied with. Training is undertaken as required during the year.
The trustees who Se￿ed during the year and up to the date of signalure of financial statements were..
S Alderson
P Baker
A Burton
S E Cheers
A Corbridge
C E Faint
T Francis
C A Jones
Professor A C King
J Lock
N J McLocklin
J A Millard
PAPerry
A Pritchard
Professor A Smith
Sir J H de Trafford
(Appointed 17 September 2024)
(Appointed 4 June 20241
(Appoinled 17 September 20241
(Appointed 4 December 2023)
(Appointed 12 September 2023)
Obj•Gtlves and Actlvities
The museum preserves and shares the artefacts. images and stories of the New Forest coastal area,
lo inspire and deepen its audiences, understanding of their own cultural idents'ty and sense of place.
The flagship galleries host high quality exhibitions bringing art of national significance to Lymington for
the benefit of the wider community.
The charity is organised so that all trustee5 meet regularly to manage its affairs and ￿VIeW matters
considered by the individual committees.
There have been no material changes since the last Annual Report in the policies adopted by the Trust
in the furtherance of the objedives.
Publle 8enofit
The museum is for the use and benefit of all members of the public.

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ST BARBE MUSEUM AND ART GALLERY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees confirm thal they have complied with the requirements of section 4 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charities Commission for
England and Wales.
Financial Review
The Statement of Financial Activities Shows a deficit of £85,102 {2023'. £102,843 deficit). Grants and
donations of £363,657 {2023'. £188,069) were received together with exhibition and admission incorne
of £10,412 and £29.668 respectively. so contributing to the maionty of income for the year of £478.148
(2023.. £347,363).
From an operational point ol view the museum has generated a surplus of £6,003 (2023., deficit of
£62,517).
Policy on Fundg
Total balance sheet funds as at 31 March 2024 amount to £1,539.250, ofwhich £1,300,831 1$
restricted.. The largest restricted fund is the 'The Future for Sl Barbe Fund, of £1,259,170. This relates
to funds (after providing for depreciation) which have been spent on the major capital refurbishment
project completed in July 2017. These appear on the Balance Sheet as Fixed Assets under the heading
Leasehold.
Of the total funds, only £154.557 relates to unrestricted funds available to the charity. This level
of funding is deemed to be at the minimum level required to support the continuation of the
museum's activities. Day-lo-day maintenance and operational requirements place considerable
demands on the charity's resources and do not allow it lo build up significant unrestricted reserves.
Any further developments will require additional fundin9 from donors. The position is kept under
close review to ensure day-to-day administration costs can be met as they fall due.
Risk Management
The Trustees maintain a risk register with risks assessed for the likelihood of crystallising and impact
on the charity should they do so The principal risks and uncertainties are shortage of income, a major
incident, failure to attract sufficient volunteers or 5y5tems failure. Each risk has mitigation activits'es
associated with it and an identified lead or leads lo pursue these activities.
Statement ol trustees responslbllltles
The trustees (who are also directors of St Barbe Museum and Art Gallery for the purposes ofcompany
law) are responsible for preparing Ihe Iruslees, report and Ihe financial statements in accordance with
United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Policies) and
applicable law and regulations.
Company law requi￿3 the trustees lo prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that they
give a true and fair view of the slate of affairs of the charitable company and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these
financial statements. the trustees are required to..
Select suitable accounting policies and apply them consistently.,
Observe the methods and principles in the Charities SORP-
Make judgements and estimates that are reasonable and prudent:
State wthether applicable UKAccounting Standards have been followed, subjectto any material
departures disclosed and explained in Ihe financial statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the

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ST BARBE MUSEUM AND ART GALLERY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
financial position ofthe charitable company and enable them to ensure that the financial stalements
comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Disclosure of information
In so are as the trustee5 are aware..
There is no relevant audit infomiation of the charitable company's auditor is unaware. and
The trustees have taken all steps that Ihey ought to have taken to make themselves aware of
any relevant audit information and to ensure that the auditor is aware of that information.
It is not a requirefflent that the charity be audited but the Trustees have agreed thal the charity will be
audrted every three years with independent examinalions in the intervening periods. The last audit was
2022 and the next audit will be as agreed by the Trustees.
Small companies provision statement
This report has been prepared in accordance with Ihe small companies, regime under the Companies
Act 2006.
The trustees, report was approved by the Board of Trustees.
Sif frAfforl
Sir J H de Trafford
Trustoe
16/12/2024 1 10:29 GMT
10

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ST BARBE MUSEUM AND ART GALLERY
INDEPENDENT EXAMINER'S REPORT
TO THE BOARD OF TRUSTEES OF ST BARBE MUSEUM AND ART GALLERY
I report to the board of trustees on my examination of the finanGial statements of Sl Barbe Museum and Art Gallery
(the charity) for the year ended 31 March 2024.
Re8ponsibilitle* and basls of report
As the board of Iruslees of the charity (and also its directors for the purposes of company lawl you are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the
2006 Act).
Havlng satisfied myself that the financial statements of the charity are not required lo be audited under Part 18 01
the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charty's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Acll- In carrying out my
examinalion I have followed all the applicable Direclions given by the Charily Commission under section 145(S>lb>
of the 2011 Act.
Indepèndent examlnerfs 8talement
Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in sectlon
145 of the 2011 Act. I confirm that l am qualified lo undertake Ihe examination because l am a member of Institute
of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm Ihal no matters have come lo my attention in connection wllh the
exèminalion giving me cause lo believe that in any material respect..
accounting records were not kept in respect ol Ihe charity as required by section 386 of the 2006 Act; or
the financial 5talemenls do not accord with those records.. or
the financial statements do not comply wlth the accounting requirements of section 396 of the 2006 Act other
Ihan any requirement that the accounts give a true and fair view which 1$ not a rnalter considered as part of On
independent examination.. or
the financial slalements 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 wilh Ihe Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other rnatters in connection wlth the examination lo which attenlion
should be drawn in this report in order lo enable a proper understanding ol Ihe financial statements lo be reached.
Adam Buse ACA
Fiander Tovell Llmlled
Slag Gates House
63164 The Avenue
Southampton
Hampshire
S017 1XS
16/12/2024 1 12:21 GMT
Dated..
11

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ST BARBE MUSEUM AND ART GALLERY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME ANO EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Uhr•iirl¢t•d R•itrf¢t•d Endown•nt
lund•
2024
Total unr•i￿tI•d
R•slnd•d Enoowmefii
lunOI
fundl
2023
2023
Tol•l
2024
20?4
2024
2023
2023
Mol
Grnnis, donthik•ni & lég8d•8
h•rti4bl•
¥esI￿nIS
Other incorne
207.397
100.270
6.505
303.8s7
IrKI.270
6.se5
7.836
137.153
142.952
50,916
IB8,th19
142,952
16,202
18,Z02
Totsi Incom• •nrf •ndovnn•nl•
474.141
2•6,307
SD.910
347,383
Fundr*sing and wblidly
In¥•51meryl m•n•gtmenl
Ch4rf1•blo
214
375.885
185,221
561,106
350.124
85.7JA
444.503
Tthal •xp•ndStur•
375.805
185,Z21
561,106
358.824
80.045
214
447.083
N•1 941nWosi•¢Tr M lfiw•im•rf•
10
lJ.1231
N•t mo¥¢ment In lunds
6.TrJ3
180.9611
1,389,792
182.5171
137.1291
1,4Z6.921
13.1971 110Z.1431
89.20)
1,727.195
Fynd bolanc•i •1 l Apdl 2U23
148.554
1,624.352
211,071
Fund b4l•n¢•• •t J1 March 1014
154.557
I,)￿,831
1.SJ9.ZS0
141.5Y
1,389.792
1.S24,352
Th• stalim•nl of fin•nu•l *¢￿%*1$ Indudes o ••in$ •nl I•ss¢s feco9nisei1 in ihe year.
Th• •t•l•m•ni of ￿n￿dI1 In￿d+* •# g•lnB Iwi•i In th• y•ar. In¢offl• Ind •xp1nd￿w• IMm<￿￿￿UlnQ ￿￿￿••.
12.

DocLtsign Envelope ID.. 77F0770C.A21A.455A.8F86.E26CBDF20A05
ST BARBE MUSEUM AND ART GALLERY
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note•
Flxed assets
Tangible assets
Investments
12
13
1.419,688
83,962
1,474.318
85,772
1,503,650
1,560,090
Current asset8
Debtors
Cash at bank and in hand
14
100,839
84,415
51,847
137,864
185,254
189.711
Credltorn: amounts falllng due wlthln
one year
15
{149,6541
(125,4491
Net currenl assets
35,600
64,262
Total a¥s•ts less currnnt Il•bllitl••
1,539.250
1.624,352
Capltal fundg
Endowment funds
83,862
86,006
16
83.862
86,006
Income funds
Reslricled funds
Unreslricled fund
General unrestricted funds
1,300.831
1,389,792
154,557
148,554
Unrestricled funds
154,557
148,554
1.539.250
1,624.352
13-

Docusign Envelope 10.. 17F077DC.A21A455A_8F86_E26CBDF20A05
ST BARBE MUSEUM AND ART GALLERY
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The company is entitled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial slalemen15 for the year in question in
accordance with section 476.
These financial slalements have been prepared in accordance with the provisions applicable to companle5 subject
to the small companies regime.
The financial slalements were approved by the 8oar(l Of Trustees on
16/12/2024 1 10."29 GMT
gir Joth JL frAfvI
Sir J H de Trafford
Trustee
Company registration number 02793965
14-

Docusign Envelope 10.. 17F0770C-A21A455A-8F8&E26C8DF20AOS
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Charlty Infornialion
St Barbe Museum and Art Gallery is a private company limited by guarantee incorporated in England and
Wales. The registered office is St Barbe Museum, New Street. Lyminglon, Hampshire, S041 98H.
1.1 Accountlng conventlon
The financial stalernents have been Prepared in accordance with the charity's goveming document. the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102.1 and the Charities SORP "Accounling and Reporting by Charities.. Slalemenl of
Recomrriended 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 1 January 20191- The
charity is a Public Benefrt Entity as defined by FRS 102.
The charity ha$ taken advantage ol the provlsSons in the SORP for ¢har4tl8s not to prepare a Statement ol
Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amoun15 in these financial slalemenls are rounded lo the nearest £,
The financial statements have been prepared under the histoncal cost convention, modified to include certain
financlal in51ruments al fair value. The principal accounting policies adopted are sel out below.
1.2 Going concern
Al the time of approving the financial statements. the board of trustees have a reasonable expectation Ihat the
charity has adequate resources to conlinue in operaiional existence for the foreseeable future. Thus the board
of Iruslees contlnue to adopt the golng ¢oncem basls ol accounting in preparing the flnan¢ial statements.
1.3 Charilable reserves and fund•
The Slalemenl ol Recommended Practice (SORP) lor Accounting and Reporting by Charltles defines
reserves as income which becomes available to the charity and is to spend al the Trustees. discretion in
furtherance of any of the charity's objects. but which is not yet spent, committed or designated. This definition
ol reserves Iherefore excludes reslricled and designated funds and income funds which could only be reali5ed
by disposing of fixed assets held for charity use.
Unreslricled resep4es are held lor three specific reasons..
1 To protect Ihe charity in the event of 8 loss ol income lor a period of up to three months;
2 To safeguard the charity from an unexpected but essenlial one-off cost: or
3 To provide sufficient funds to enable the charity lo be able lo pay both salary and overhead cosls for
period of three months.
This would require minimum reserves of £60,000. The amount of reseNe held at 31 March 2024 is £13,426
{2023.' £9,754) as per note 19. We will be Wofking hard in future years lo build our reser¥es back up to our
required minimum.
Restricled funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of ihe reslricled funds are set out in the notes lo Ihe financial slalemenls.
Endowment funds are long lemi inveslmenls managed by Cazenove Capital allowing income drawdown for a
specific number of year after which the capilal will become available.
15-

Docusign Envelope ID.. 17F077DC-A21A45SA-8F86-E26C8DF20A05
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Gontinued)
1.4 Income
Income is recognised when Ihe charity is legally enliiled lo il after any performance conditions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation. unless perfomiance condltions require deferral ol the amount. Income lax recoverable In
relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or olhenvise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is trealed as a
contingent asset.
Grants receivable are recognised when the three lollowing conditions are mel..
Entitlement - control over the rights or other access to the econornic beneflt has passed lo the charity.
Probable - it is more likely than not that the economic benefit has passed lo the charity.
Measurement - the fflonetary value or amount of the income can be rnea5ured reliably and the costs
incurred for the transaction and Ihe costs to complete the transaclion can be measured reliably.
Membership income is recognised when received on the basis that the museum wlll incur no further costs in
relatson lo this against which the income would nomially be deferred.
1.5 Exp•ndltur•
ExpenditLtre is recognised once there is a legal or conslruclive obligalion to transfer economic benefit to
third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliabty.
Expendllure is classified by aclivity. The costs ol each activlty are made up of the lolal of dlrect cosls and
shared costs, including support costs involved in undertaking each activity. Direct costs allributable to a single
activity are allocated directfy lo that activity. Shared costs which contribute lo more than one activity and
support costs which are not attributable lo a single activity are apportioned belween those acbvilies on a basis
consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 T•ngibl• flxéd assets
Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation, net of
depreciation and any impairmenl losses.
Depreciation is recognised 80 as to write off the cost or valuation of assets le$$ Iheir residual values over thelr
useful lives on the following bases..
Leasehold improvemenls
Fixtures and fittings
Office equipment
Gallery equipment
2Qh Straight line basis
1 5% Straight line basi$
250/0 Straight line basis
15% Straight line basis
The gain or loss arlslng on the disposal ol an asset Is delemined as the difference between the sale proceeds
and the carrying value ol the asset, and is recognised in the statement of financial activities.
16-

Docusign Envelope ID.. 17F077CC-A21A4S5A-8F86*26C8DF20ADS
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng policie$
(Continued)
1.7 Fixed asset investrnents
Fixed asset inveslmenls are initially measured at transaction price exduding transaction costs, and are
subsequentty measured at fair value al each reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charlly. Control Is the power lo govern the financial and operating
policies of the entity so as lo obtain benefils from its aclivilies.
1.8 Impalrment of fixed assets
At each reporting end dale. the charity reviews the carrySng amounts of its tanglble assets to detemiine
whether there is any indication that those assets have suffered an impairmenl loss. 11 any such indication
exists. the recoverable amount of the asset is estimated in order lo determlne the extenl of the impairment
loss {if any).
1.9 Cash and cash equlvalents
Cash and cash equivalenls indude cash in hand, deposits held at call with banks. other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are Shown
within borrowings in current liabilities,
1.10 Financial instruments
The charity has elected to appty the provisions of Sectlon 11 '8aslc Financial Instruments, and Seclion 12
'Other Financial Instrumen15 Issues, ol FRS 102 to all of Ils financial instruments.
Financial instruments are recognised in the chanty's balance sheet vthen the charity becomes paty to the
conlractU81 provisions of the inslrurnent.
Financial assets and liabilities are offset, with the nel amounls presenled in the financial slatemenls. when
there is a legally enforceable right lo sel off the recognised amounts and Ihere is an intention to settle on a net
basis or to realise the asset and settle the liability simullaneousty.
Ba81¢ flnan¢lal assets
Basic financial assels. vthich include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest rnelhod unless the arrangement conslilules a financing Iransaclion, where the IransactiOD IS
measured al the present value of the future receipt5 discounted al a market rate of Interest. Financial assets
classified as receivable within one year are not amortised.
Basic financlal Ilabllltl•s
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
Ihe arrangement Gonslitutes a financing transaclion, where the debt instrument is measured al the present
value of Ihe fvture payments discounted at a market rale of inte￿$1. Financial liabilitie5 classified a5 payable
within one year are not amortised.
Debt instruments are subsequenlly carried at amortised cost, using the effective interesl rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wilhin one
year or less. If not, they are presented as non-cur￿n1 liabililies. Trade creditors are recognised initially at
transaction price and subsequenuy measured at amortised cost using the effective interest method.
Derecognltlon of flnancial liabllltl•8
Financial liabilities are derecognised when the chanty's contractual obligations expire or are discharged or
ancelled.
17-

Docusign Envelope ID.. 17F077DC-A21A45SA-8F86.E26CBOF20AD5
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinued)
1.11 Employee benefits
The cost of any unused holiday enlillement is recognised in the perlod In which the employee's Services are
received.
Temiinalion benefits are recognised immediately 8s an expense when the charity is demonslrably committed
lo lemiinale the employment ol an employee or lo provide termination benefrts.
1.12 Retirement benefit•
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
18-

Oacuslgn Its.. 17F077tCA?IA45SMFI&E20COOFWS
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEOI
FOR THE YEAR ENOED 31 MARCH 2024
Unv•¥trl¢t•d
7ot•l
Vnre*rtaed R88trtcied
rund8
lunds
Total
lund•
2024
3024
2024
10?3
2023
4J
Dono15vn$ and gillo
Grants rK•i%Yd
39,528
227,969
39.528
324.129
77,394
59.7S9
77.394
110.87S
.260
JO.918
207.397
96.280
303.657
137,153
50,918
118.089
There 1> ¥ ¥ub$l8nlls1 Inry•?$• In Ihe 9rnni incom• for lh• wThenl •¥ ol Mumum belng grnnied Nallon* Portlclo Oryrli81Scn slaluB
r•¢#1￿￿9 ¢ISO,000 p¢r •nrtum from i ApN 20?3.
19-

Docusign Envelope ID". 17F0770&A21A455A-8F86E26CBDF20AD5
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitabl• activltl•s
2024
2023
Patrons & Friends of St Barbe
Admission income
Sponsorship
Workshops
Exhibitions
Exhibitors entry fees
EdU￿tIOn
38,276
29,668
16,500
1,167
10,412
2,908
1,339
34,936
32,739
4,500
480
65,190
804
4,303
100,270
142,952
In 2023 exhibition income was high as a consequence of £51,669 received on sale of artists works. Included
within exhibition costs is £35,637 paid lo exhibitors in respect of these sales in 2023. Therefore. a decrease in
exhibition Income is expected.
Income from investments
Unreslrlcted Endowment
funds
funds
2024
2024
Total Unrestrlcted Endowment
lund$
funds
2023
2023
Total
2024
2023
Income from listed
investments
Interest receivable
6,466
119
6.466
119
138
138
6,585
6,585
140
140
Other Income
Unrestrlcted Unrestricted
funds
funds
2024
2023
other income
7,636
16,202
other income in 2024 includes £7,880 which was charged to the café for ￿nt and utilities compared to £7,520
in 2023. The decrease from 2023 is largety due to parking cloth commission now accruing to the Irading
subsidiary ofthe Museum.
-20-

Docusign Envelope ID.. 17F077DC-A21A455A-8F8FrE26CBDF20AD5
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable actlvities
Charltable
acllvlty
2024
Charltable
actlvity
2023
Dlrect cost•
Depreciation and impairment
63,948
61,112
Share of support and governan¢e costs liee note 7)
Support
Governance
483.085
14.073
368,250
15,201
561,106
444,563
Analysls by fund
Unrestricted funds
Reslricled funds
375,885
185,221
358.824
85,739
$61,106
444,563
In the prioT year restricted depreciation was included in support costs. In the current year restricted
depreciation has been posted directly lo restricted charitable activities.
21

Docusign Envelope ID". 17F077DC-A21A455A-8F8&E26C8DF21)A05
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Govemance
¢osts
costs
2024
Support cosls Govemance
costs
2023
Stsff costs
Depreciation
Establishment costs
Finance costs
Adminislralion
cosls
Infomialion
lechnology
Other support Costs
Human resources
Exhibition and
engagement costs
221,087
2,426
54,370
6,727
221,087
2,426
54,370
6,727
152,740
2,481
52,139
7.141
152,740
2,481
52,139
7,141
21,042
21,042
22,644
22,644
5.224
6,035
3,629
5,224
6,035
3,629
6.568
5.344
1.928
6.568
5,344
1,928
162,545
162,545
117,265
117,265
Audit fees
Accountancy
Legal and
professional
2,7SO
11,323
2,750
11,323
4,600
9,601
4,600
9.601
1,000
1,000
483,085
14,073
497,158
368,250
15,201
383,451
Analysed between
Charitsble activities
483,085
14,073
497.158
368,250
15.201
383.451
Stsff ¢osl$ for 2024 indude £0 fvnded by granls12023.' £14,523).
Governance cost8 Sncludes payments to the auditors 01 £4,600 In respect of Independent examinatlon (2023 -
£3,875 for independent examination feesl-
Board Of Trustees
No trustees were reimbursed expenses from the charity during the current and prior year. No additional
benefits were received in the current and prior year.
No trustees. nor any persons connected with them. have received any remuneration from the charity during
the current or prior year.
The chanty arranges cover of £1.000,000 for the trustees Jgainsl liabilflies in relation to the chanty (2023
£1.000.0001.
Donations made by the Iruslees without any condittons attached £1,000 for the year {2023- £1,000).
-22-

Docusgn Envelope 10.. 17F0770C-A21A455A-8F86-E26CBDF20AD5
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ernployees
The average monthly number ol employees durlng the year was..
2024
Number
2023
Number
10
Employment Costs
2024
2023
Wages and salaries
Social security cosls
Other pension costs
204,273
12,503
4,311
143,010
7.017
2.713
221.087
152.740
Wages and salaries in the current year include £nil funded by gfants12023 - £14,523). The full payroll cost is
shown above.
Staff costs were unusually low in 2023 because of the lime taken lo replace departlng senior personnel. A
more valid Gomparlson is wilh 2022 when total staff costs amounted lo £200,053.
There were no employees whose annual remuneralian was more than £60,000.
R•muneratlon ol key management personnel
The remuneration of key management pefsonnel is as follows.
2024
2023
Aggregate compensation
54,061
51,682
10 Galns and losses on Investments
Endowment Endovmi•nt
funds
lund•
2024
2023
Gainslllossesl arlsing on..
Revaluation of investments
(2.144)
{3,123)
11 Taxation
The charity 15 exempt from taxation on its activities because all its income is applied for charilable purposes.
23-

Docusign Envelope ID". 17F077DC-A21A.455A-8F86.E26CBDF20AD5
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tanglble flxed a880ts
L•asehold FI￿￿Tr5 and
improv•m•nts
flttlngs
Office
equlpment
Gallery
equ￿ment
Totsl
Co•t
Al 1 April 2023
Additions
1.560.841
189.297
7,585
20.647
363
18,613
3.797
1.789,398
11,745
At 31 March 2024
1.560,841
196.882
21.010
22,410
1,801,143
Depreciation and Impairnient
Al 1 April 2023
Depreciation charged In the year
156,085
31,217
141,349
29,240
15.298
2.095
2,348
3,823
315,080
86,375
Al 31 March 2024
187.302
170.589
17.393
6,171
381,455
Carrylng amount
At 31 March 2024
1,373,539
26,293
3,617
16,239 1,419,688
Al 31 March 2023
1.404.756
47,948
5.349
16,265
1.474,318
-24-

Oocusign EnTrfelope ID.. 17F077DC-A21A455A-8F8&E26C6OF20ADS
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Fixed asset investments
Llsted
Other
Investrnents investment$
Total
Cost or valuation
At 1 April 2023
Additions
Valuation changes
Other movements
Disposa15
85.672
80.000
3,853
602
186,265)
100
85.772
80,000
3,853
602
186,265)
Al 31 March 2024
83,862
100
83,962
Carrying amount
Al 31 March 2024
83,862
100
83.962
Al 31 March 2023
85,672
100
85,772
2024
2023
Olher investments comprise..
Note8
Investments In subsidiaries
20
100
100
The listed inveslmenls relate to the endowmenl fund.
During the year, the endowment funds were moved to a new provlder where thè emphasls Is on responslble
investrnent.
The Sl. Barbe Trading Company Limited, our Irading subsidiary, exists lo undertake non-charilable aclivllies in
order lo generate income from the sale of goods.
14 Debtors
2024
2023
Amounts falllng due wilhin one year:
Trade debtors
Other debtors
Prepaymenls and accrued income
9,563
78,373
12,903
6,915
34,226
10,706
100,839
51,847
Other deblors include £57,934 of grant income relating to 2024 bul not received until after the year end
12023 - £17,116) and £4.439 of exhibitson tax uedit also received after the year end12023 - £2.0931.
25-

Oo¢usi9n Envelope ID.. 17F077DC-A21A455A-8F86.E26CBDF21JAD5
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Creditors: amounts falling due wlthln one year
2024
2023
Other laxation and social security
Trade creditors
Amounts owed lo subsidiary undertakings
Other creditors
Accruals and deferred income
10,293
19,866
39,646
2,655
77,194
5.075
9,488
86,268
1,797
22,821
149,654
125,449
Oeferred Income include5 £51,975 received in respect of the Lymington Afloat project whlch takes place after
the year end.
16 Endowment funds
Endowment lunds represent long term inve5tm8nls held with the Cazenove Charlty Responsible Multl-Asset
Fund for a specific number of years after which drawdown of the capital sum will be available. Income arising
on the endowment funds can be used in accordance with the objects of the charity and is included as
unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
At 1 Aprll
2023
Incomlng Resources
resources
expended
Galns and Al 31 MJrch
losses
2024
Expendable endowments
Endownmenl fund
86,006
(2,144)
83,862
Prevlous year:
Incomlng
resources
Re8ource8
expended
Galns and Al 31 March
losses
2023
2022
Expendable endowm?nl•
Endownment fund
89,203
140
{2141
(3,123)
86,006
17 Retlfement beneflt g¢hem••
Defined contribution schemes
The charity operates a defined conlribulion pension scheme for all qualifying employees. The assets of Ihe
scheme are held Separately from those of the charity in an independently administered fvnd.
The charge lo profil or loss in respect of defined contribution schemes was £4.311- (2023 - £2,713).
ConlTibulions which are unpaid a5 at the balance sheet date total £883 (2023 - £809).
26-

ilynEnwlqw 10." 17F0770SA?IA45SA4Fo&e20CBV2QADg
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
l• R••ldct•d l¥nd•
Tha ￿$1￿lled fund8 ol the chBAty 0jm￿le tho unt1p￿ded balanc•8 ol donatic*)s and grnnls held on Inisi ¢￿dI￿On8 by donors as lo how Ih¢y #wy
tre used.
o¥•m•r+i In lund•
lTrr47fflin•
Mov•m•nt In lundi
Ineornln•
1 Aprfl iaiz
i Aprti ioiJ
DxpnnéBd JI hlbroh 1014
The Ful¥r• of $18irbq IL•i••hllld irnprDv•m•niil
Coh Ho•rd Fvnd
Cqmlc Cc4n Ho8rd Fund
C8nl see the Arts forth• Trn•s IArtI C(4Jndll
Gallery Eoulpm•ni
N•iion•l L￿tery H•rfl•g8 Fund
HIWCF- Th¢ S•iurdty Club TnJ8t
1.J71.728
16.148
2D.3Q9
11.736
169.3741
I,J19.354
18.141
160,1041
1,259.170
18.14B
12,3081
11&,LlJ31
33.800
3B,025
Ib,285
138,0251
13.7651
Ib2,5011
17451
11.7381
18,rAJ
8.987
82.502
8.771
19.467
1,426.921
50.910
1,389.792
98.260
1IBS.2211
1.300.831

enwhip• ltr. 17F0770&h21A45SA4F8&e26CBOF20A05
ST BARBE MUSEUM ANO ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
lund la h rnspeci of Ihe'Fulur• ol Si 8•rt>e ProloGI' lo lrnprD¥• publ£ B•Th*•i 4n¢J *nh￿￿ lh• Si ts•￿• tnnuo, fjn•blln9 lh• LYq•nl¥•llon io b• rnor• f•￿U•nI In
Iht long lerm.
Mwles donated spedfjcally for th• acqul$lUpn and display of (dledlon¥.
Thls lund 1$ In rnip•cl of Cound fundlng to h•lp lh• mumum Ixo•d•n dIv•r￿ty •u¢Jffic• ind to d•wdlop •n for th¢ fflumum •nd Ill t￿l￿r•I
¢¥pertonceo * lh• Now Fw•*. Th• lund VAII help 10 adw•r • rnn8• ol Ph￿¢11 •nd *Artu•l e¥•nlo, 4dl¥lU•i •nd workihOPS In ¢¢nwI￿l￿Th *llh wr p•rtn￿•￿d
ovr ￿5￿10r5.
Monles IransleNed Irom ihe Cenic Ho8r¢l Fundlw lh• 1ouidtion ol di¥￿•Y and gr4phks equipfflenl.
Thi¥ lun¢Jino ￿181¢5 10 o prolecl to ￿￿￿1¢1 rfjThfflurtllk$ ¥Mih th¢ir hert￿9¢ •nd Btrenglhen c•rnrnunlty DwDw*lp of ¢dl•tkns. Th• •lm Is its •dlvely on￿U￿9•
P*NcJpalion by ouireach woyk in th• community Mtt4ng$ and i*ryeitd Évent8 ai the Muoeum.
Co••boraiknn *iih Saiurday ChJbTrv81 lund•d ty HIWCF.

ITr. l?F0770tsA?IA4SSkn•F•&E26e8DF20ADS
ST BARBE MUSEUM AND ART GALLERY
NOTES TO TNe FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDEO 31 MARCH 2024
19 Anal￿1* of net b•r4¥••n lunds
Unr••irlctrt A•Alrlct•d End(MTnafit
fundx.
lund•
20?4
Totsi
Unr•slrtr¢•d lunds
fundi
lundl
a024
24
2023
2023
202)
2D23
Fund balances al 31 March 2024 are r•pre$enl¢d by..
n911I1 aa8•18
In¥esimenii
c￿￿•nI 4•6•lWlllatrAfid•¥l
141,031
100
13,428
1,278,6S7
1.419.688
13.902
35.000
138,700
100
9,754
1,335.61
1,474.31
85,772
64.262
85,871
334
22,174
54.174
154.$57
1,300.8JI
8).862 1.539.250
148,554
1.3B9.792
1,624.352
.29.

Docusign Envelope JD.. 17F077DC.A21A455A_8F86_E26CBDF20ADS
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Subsldlarfes
Details of the charity's subsldiary 8131 March 2024 15 05 lollt)WS'.
Name of undertaking Registered
office
Nature of business
Clasg of
Y. Held
shares hèld Dlrecl Indirect
The St. Barbe Trading St Barbe Museum Running gift shop at St Barbe Ordinary
Company Limited
New Street
Museum
Lymington
Hampshire
S0419BH
100.00
The aggregate capital and reserves and the result for Ihe year ol subsidiaTies exduded from consolidation
was a5 follows..
Name ol undertaking
Prolltl{L0s6) Copital Ind
ReJerv•ty
The St. Barbe Trading
Company Limited
15.884
1,671