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Charity reglslration number 1018779
Company registration number 02793965 (England and Wales)
ST BARBE MUSEUM ANDART GALLERY
A COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
*AEH9GLIS•
121121202S
COMPANIES HOUSE
A03
#231

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ST BARBE MUSEUM ANDART GALLERY
LEGAL AND ADMINISTRATIVE INFORMATION
Chalr
Sir J H de Trafford
Board Of Truslees
S Alderson
T Francis
C A Jones
Professor A C King
J A Millard
PAPery
ProfessorA Smith
Sir J H de Trafford
A Pritchard
N J McLocklin
S E Cheers
A J Burton
A Scopes
A Sperryn-Jones
(Appointed 4 June 2024)
(Appointed 17 Seplember 2024)
(Appointed 16 September 2025)
(Appointed 16 September 2025)
Senlor Managemeni Te•m
M Ragan. Museum Director
Charlty number
1018779
Company numb•r
02793965
Regl•ler•d offlc•
St 8arbe Museum
New Street
Lyrnington
Hampshire
S041 9BH
Independent examlner
Flander ETL
Stag Gates House
83164 The Avenue
Soulhamplon
Hampshire
S017 1XS
Bankers
Lloyds TS8 PLC
39 High Street
Lyminglon
Hampshire
S0419ZF
Investment advlsors
Schroder Unit Trusts Limited
PO Box 1402
Sunderland
SR43 4AF

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ST BARBE MUSEUM AND ART GALLERY
CONTENTS
Page
Vision, mission and Gore values
Summary of strategic objectives
Chaivs stalemenl
Direclorfs report
Trustees. report
8-10
Independent examiners report
11
Slalemenl of financial activities
12
Balance sheet
13
Statement of cash flows
14
Nole5 to Ihe financial statements
15-27

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ST BARBE MUSEUM AND ART GALLERY
VISION, MISSION AND CORE VALUES
Vision
To become the most respected small museum and art gallery in the UK- Art, History and Community.
Mission
We will achieve our vision by..
a) Making St Barbe a great organisation that attracts and inspires talented people - staff, volunteers. Friends,
Trustees, contractors, partners and others.
b) Working with our community lo improve the range of cultural experiences and creative activities for our
audiences through the way In which we
o Collect, interp￿t and make accessible the cultural heritage of the New Forest and its coastline
Deliver world class exhibitions and events
Produce innovative cultural programmes and activitie$, including via the web
Encourage the participation of the wider community in creative pursuits
Inspire greater respect for the planet and lake a lead in developing more sustainable practices
with the aim of diversifying our audience and reachlng out to people of varied background, ages and abilities.
c) Attracting a larger, varied and loyal group of Donors, Patrons, Friends and revenue-generating visitors to
provide a financially resilient base for our expanding activities.
Corn Values
The integrity of our ¢harity and of everyone who works here is hugely important to us ifwe are to fulfil our mission and
realistically aspire to our vision.
We will be..
Creative- in everything we do and in how we listen to, inspire and collaborate with others
Demandlng- of ourselves and of all our working practices. including our approach lo sustainability
Fair- in our approach lo increasingly diverse audiences, supporters, colleagues. partners and others
By implementing our Mission, striving towards our Vision and living up to our Core Values we intend to create a
virtUOUS Circle leading to long-temi 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 organisalion Ihat attracts and inspires talented people.
2. Provide our people with improved information. tools 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 improving 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
chantable impact.
7. Attract a larger. more varied and loyal group of donors through a comprehensive fundraising Strategy.
8. Improve financial performance, operational efficiency and environmental standards.
Talented
People
Sustainable
Finances
Right
Tools
Comprehensive
Fundraising
Acces55ble Collectlon
Efrfeclive
Cultural
MarkeiinB
Expefiences
Creative
Activities
A failure to succeed with any one objective jeopardises overall success. Hov￿Ver, by ensuring Ihal our action plans
are implemented coherently in all areas we can build momentum around a virtuous circle. Conversely. y￿ might have
to focus efforts on any objective which is failing, either through adverse external factors or inadequate attention. This
may require us to slow the virtuous circle or in extreme circumstances lo go into reverse and implement contingency
plans. It is this flexibility that lies at the heart of our Five-year Plan.

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ST BARBE MUSEUM ANDART GALLERY
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
A year ago. I wrote about the difficulties facing arts organisations in obtaining funding, despite their
proven benefits to the UK economy and to the well-being of the local population. If anything. the situation
has worsened since then. because Local Authorities and Central Government are struggling with the
rising demands for both health and welfare. This has led to very strong competition from other arts and
cultural organisations for our normal sources of external funding and a realisation that long term
financial resilience requires Sl Barbe to develop new and direGlly Controlled sources of funding.
Looking ahead to an uncertain future, we stsrt wth a strong foundation. Several years ago, we
developed our Vision, Mission and Values. Other than fine tuning, these remain unchanged. We also
developed a long-terrn plan titled 'Creating a Flexible Fulure,, which is updated every year. This sets
out in detail our strategies and the plans to implement them. However, flexibility is built into this approach
80 that we can accelerate or pause activities depending on our success in raising funds.
A significant innovation in 2024 was to mount a major maritime festival, called Lymington Afloat, that
ran from September to December. This consisted of major exhibition al Sl Barbe, a Town Trail
highlighting local businesses, a Festival Weekend which opened up the river to the wider community
and a programme highlighting the wonderful career opportunities in the maritime sector. It raised the
profile of Lymington as a major marilime centre and supported the local economy.
St Barbe has long had a flourishing Friends organisation but one legacy of Lyminglon Afloat is the new
business relationships il has opened up and the development of closer relationships with the local
Lymington & Pennington Town Council. The financial benefits of this were seen in a slighlly larger
surplus for Ihe year of £21,901, which allovts us to continue the task of rebuilding a small reserve.
However, we recognise thal this reserve Is insufficient in these uncertain times. We have therefore
embarked on a major project to further diversify our funding. The Business Partner scheme has been
relaunched and is gaining momentum. We are also building new relationships with high-net-worth
individuals that live locally. Many of them have done well financially and are open to supports'ng initiatives
that help some of the least privile9ed in the local community
St 8arbe has developed a stron9 set of programmes and capabilities thal allow us to reach out to all
ages, from pre-school to dementia sufferers, to all backgrounds, from Ukrainian refugees to local
children on free school meals, and to all abilitie5, from those with physical challenges to our expanding
neurodiverse group. Increasingly we are also moving activities into the New Forest villages that are
relatively cut off and deprived of access to culture.
Three new fund-raising initiatives were launched in early 2025 - an on-line art auction, a gala new year
concert and a series of heritage talks. Rather than fun-runs or other common Charity events, these play
to our cultural heritage. They also build on the well-e5tablished Lymington Open Garden scheme which
has been running for many years. Eady indications for these new initiatives are promising.
I have written in previous reports about my firm belief that our number one priority is to recruit good
people to serve St 8arbe. We are fortunate lo have a dedicated small staff group under our Director,
Maria Ragan. They in turn lead a team of over 100 volunteers and a much smaller number of paid
freelancer5. My thanks go out to all of them because they really make a difference. This has been
recognised by winning awards from independent panels. I wll leave Maria to cover those in her
Directors Report.

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ST BARBE MUSEUM AND ART GALLERY
CHAIR'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The other important group of volunteers is our Trustees, vtho don't just provide direclion but roll up their
sleeves and support many of our aclivilies. At the end of 2024 we said farewell lo Prue Barker who has
reb'red as a Trustee and Chairofthe Fnends. In early 2025 Carol Faint retired as Treasurer but continues
to provide very valuable accounting support. Since the end of the financial year, we have also said
goodbye to Anne Corbndge who is moving away from Lymington. Jeff Lock and Marc Heighway have
also resigned after much shorter terms as Trustees for different personal reasons. We wish them all
well and know that they will continue to support us.
During 2024 we took part in a national scheme to recruit Young Trustees, with the aim of providing a
wider range of viewpoints. We were very pleased to appoint Saoirse McKnight Posner and Frankie
Tucker as Trustees, although Frankie decided to stand down in September 2025. They operate
alongside the existing trustees in every way, but do not appear on the official lists because they do not
also carry the responsibility of being company directors.
Al the beginning of 2025. 1 announced my intention to retire at the end of the year. We took a decision
to appoint Alison Pritchard and Neil McLocklin as Deputy Chairs to 5UPPOrt the transition. l am very
grateful for all the work they have put in to ensure that we don't lose momentum. We will soon be in
position to report on succession plans.
That leaves me with final thanks to all those who have supported me as Chair over the past seven and
a half years, especially those who have funded our activities. While the major funding may have come
from public bodies, trusts and foundations, l am particularly grateful lo Ihe many individuals who have
5UPPOrted us as Friends, Patrons or Business Partners. Without you we could not have done so much
for the wider community in the coastal areas of the New Forest. Thank you all so very much.
gir IL TrAfvI
Sir John de Trafford Bt. M8E
Chair of Trustees
0911212025

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
This has been a very good year for St Barbe Museum + Art Gallery. We have continued to win awafds..
Employer of the Year from Brockenhurst College, recognising the work we have been doing with the
college on work placements and careers; the second was our Bronze Carbon Literacy award as a
Carbon Literate Organisation from the Carbon Literacy Trust. We continue to produce superb
exhibitions, innovative programming and exceptional outreach opportunities for all our communities.
We continue lo work hard on our Arts Council England (ACE) National Portfolio Organisation (NPO)
programme and have had some excellent feedback from ACE.
Make St Bart)e a great organisation that attracts and Inspires talentod 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 creatlve ways.
Staff Changes..
Rachel Palmer hasjoined us as an Office Assistant to help u5 Wlth our migration to SharePoint.
Due to a reduction in income, especially from Council sources, we ran a redundancy process which
resulted in most roles having a reduction in hour5, but fortunately, no redundancies.
Our volunteers continue lo play a central to the smoolh running of the Museum, we are ever grateful to
them for their time, energy and enthusiasm,
Provlde our people wlth Improved Informatlon, tools and r•sourc•8 prop•rty, pl•n( IT and
•qulpment
We are continuing to develop the website and our CRM system to ensure that they meet our ever-
growing needs.
Our IT syslem is being transitioned to SharePoint. The work is being undertaken by Rachel Palmer and
assisted by Trustee, Neil MGLoGklin.
We have applied for funding to help us deal with the acce$$, maintenance and sustainability issues in
the Museum- this is through the ACE MEND fund arKI the Community Infrastructure levy,
Enrlch the range and quallty of our collection and the ways in which it can be accessed
We continue to develop the collection and enhance our knowledge of the collection by hosting Tea and
Memory sessions. We are working with the local community, churches, railway stations and other
organisats'ons to build the collection and improve our cataloguing.
We have taken on new research volunteers who are helping with all ourvisitor enquiries. We have been
focusing on out contemporary collecting, usln9 social media.
Develop an innovative. appealing and diverse programmo 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 ofthe work is truly amazing and we were very successful
with sales this year.
In UNCOMMONERS acclaimed photographer Steve Poole crealed a study of the New Forest unlike
any other.. a series of environmental portraits that shed light on the vibrant, idiosyncratic human
ecosystem at the heart of one of the UK'S most beloved National Parks. The exhibition included 70
photographs from a project Steve spent eighteen months working on and included extraordinary
pictures of New Forest commoners, spectacular shots of athletes and intimate portraits of workers,
hobbyists, conservationists and artists, all captured among the area's beautiful landscapes-.

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Mechanics Alive was a family-friendly exhibilion that brilliantly combined art, science, engineering and
humour. Perfect for visitors of all ages, il was a hands-on experience that fascinated and entertained
with beautifully hand-crafted automata mechanical sculptures Ihat came to life at the press of a button.
Each piece was a mini masterpiece, showcasing intricate designs and clever mechanism5 that not only
offered endless fun but also provided insight into the ingenious engineering behind them.
ton Afloat was a major exhibition which explored the river's vital role in shaping the social and
commercial fabric of Lymington. From its historical significance to ils modern-day impact. the exhibition
delves into how the river has influenced both community and industry. The exhibition displayed the
pioneering work of loGal marine designers. engineers and builders frorn the earliest days to the present.
Visitors gained a comprehensive understanding of how the river has been central to Lymington's
development, from the flourishing sall industry on ils banks to its current reputation for groundbreaking
yacht design. The river has always been a lifeline for the town, providing sheltered anchorage,
facilitating trade routes and driving the maritime economy. Today,11 remains crucial as a hub for visitors.
link lo the Isle of Wight and a dynamic natural environment facing the challenges of climate change
and increased river traffic.
While much attention Is often given to the river's final stretch towards the sea, the exhibition also
explored the lesser-known northern waters, where the river rises in the heart of the New Forest and
Ilows through diverse habitats that make il one of Britain's richest rivers for wildlife.
Shorelines Sk lines was a unique exhibition examining contemporary artists, interest in the boundaries
befvleen sea and land, sea and sky and the skylines of urban and rural settings. It featured nine leading
printmakers using a range of media Including wood engraving. linocut, screenprint and lithography lo
explore the places where the elemen15 meet., along the Bntish coast, in cities and suburbs or out in field
and copse. Their handling of the subjects ranged from the dramatic to the serene, reflecting diverse
artistic styles and visions.
Expand and div•rnify lh• eX￿rIenceS and activiti•$ of ouraudiences by improving our outreach
and the 8ervlc08 we provldè. on-llne and In pernon
We have again continued to expand and develop our outreach programming. We continued our
Hampshire Activities and Food programme (HAF) and V￿ are now their most successful and award-
nning project.
With the on-going support ofthe Beaulieu Beaufort Foundation, we were able lo continue our 'SI Barbe
at Large,, an outdoor pop-up held on the Emsworth Road Recreation Ground and at Pennington twice
week during the summer holidays.
We have continued to expand our outreach offer and have developed activities in village locations
across the forest. We have worked closely with Culture in Common and many other organisalions lo
develop a D Day exhibition which toured 9 local villages during the commemorations in June along with
many other Community projects.
The Young Curators and Access Panels are 90ing from strength to strength, and their input is important
in our future planning and programming.

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ST BARBE MUSEUM AND ART GALLERY
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Use marketlng creatively to raise our profile, and to increase and divernify our audience, whilst
showcasing charitsble impact
We are continuing to develop excellent relationships with the local press who give us good coverage.
We are now providing them with regular content for features in the weekly paper. 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 ol our work is professionally evaluated for each event and activity to
ensure that we can track the impact of marketing on footfall and impact.
Attract a laryer, more varied and loyal group of donors through a comprehensive fundraising
strategy
Our ACE NPO funding is our major source. bul we are currently working hard lo develop new projects
to attract a wider range of donors. We are developing a recurring programme of direct fund-raising
events in¢ludin9 an art auction and concert which we hope will increase our profile and income in the
coming year.
We are continuing lo develop our relationship with Lymington and Pennington Town Council and are
hoping for more regular support from them.
We continue lo have amazing support from our Patrons and Friends organisation. We have had a range
of fundraising and social events this year, vthich help us develop and expand this support.
We are also increasing our business partner network and secured a further three-year
sponsorship wth Hallett Independent.
lfflprove financial performance, operational efficiency and environmental standards
A key priority for the staff and Iruslee team will continue lo be fundraising. With the help of other
members of staff, l am now spending at least two days per bveek fundraising This approach has been
reasonably successful, but we need now lo concentrate on larger funding packa9es. With the Core
group, we look at operational costs and potential savings. I regularly review contracts to ensure that we
are getting value for money.
Both the café and shop continue to be an excellent asset to the Museum. The shop is continuing to
make a small profit.
Carbon Literacy Training has now been fully rolled out and many of our exhibitions help spread the
message of environmental awareness.
This has been a busy and Successful year. The Staff, Volunteers and Trustees all feel that we have
developed ever more positive relationships with the community, 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
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditors, report ofthe charitable company for the year ended 31 March
2025.
Goveming Docum•nt
The charity is Constituted as a company limited by guarantee and is, therefore, governed by
memorandum and articles oflhe association.
Recruitment and Appointment of Trustees
All directors ofthe 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 so.
Trustee Induction and Training
All newly appointed Board members receive appropfiate induction involving meetings with other
directors and discussions with the Museum Director together with the ri9hl to attend any appropriate
external courses All Board members have access to independent advice on any matters relating to
their responsibilities as Directors, The Directors are responsible for ensuring that all 8oard procedures
are complied wrth. Training is undertaken as required during the year.
The trustees who served during the year and up to the date of signature of financial statements were..
S Alderson
A Burton
S E Cheers
T Francis
C A Jones
Professor A C King
N J McLocklin
J A Millard
PAPerry
Professor A Smith
A Pritchard
A Scopes
A Sperryn-Jones
Sir J H de Trafford
(Appointed 17 September 2024)
(Appointed 4 June 20241
(Appointed 16 September 2025)
(Appointed 16 September 2025)
Trustees vtho resigned during the year and up to the date of signature are..
C Faint
A Corbridge
M Heighway
J Lock
(Resigned 11 March 2025)
(Resigned 16 September 2025)
(Appointed 12 December 2024, Resigned 30 July 2025)
(Appointed 17 September 2024, Resigned 30 July 2025)
Objectives and Activities
The museum preserves and shares the artefact5, images and stories of the New Forest coastal area.
to inspire and deepen its audiences, understanding of Iheir own cultural identity and sense of place.
The flagship galleries host high quality exhibitions bringing art of national significance to Lymington for
the benefit of the véider community.
The charity is or9anised so that all trustees meet regularly to manage its affairs and review 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 objectives.

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ST BARBE MUSEUM AND ART GALLERY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Public Benefit
The museum is for the use and benefit of all members of the public.
The trustees confirm that 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 £35,491 {2024'. £85,102 deficit). Grants and
donations of £310.117 {2024'. £363,657) vRre received together with exhibition and admission income
of£31,470 and £34,136 respectively, so contributing io the majority of income for the year of £506,871
(2024., £478,148) From an operational point of view the museum has generated a surplus of £21,901
(2024., surplus of £6,003).
Policy on Funds
Total balance sheet funds as at 31 March 2025 amount to£1,503,759, ofwttich £1,248.212 is restricted.
The largest restricted fund is the 'The Future for St Barbe Fund, of £1.209,027. This relates lo funds
(after providing for deprecialionl 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 Ihe total funds, only £176,458 relates to unrestricted funds available to the charity. This level of
funding is deemed to be at the minimum level required to support the continualion of the museum's
activities. Day-to-day maintenance and operational requirements place considerable demands on the
charity's resources and do nol allow it lo build up significant unrestricted reser4es. Any further
developments will require additional funding 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 Ilkelihood of crystallising and impact
on the charily should they do so. The principal risks and uncertainties are shortage of income, a major
incident, failure to attract sufficient volunteers or systems failure. Each risk has mitigation activities
associated with il and an identified lead or leads lo pursue these activities.
ststement of trustees responslbllllles
The trustees (who are also directors of St Barbe Museum and Art Gallery for the purpose3 of company
lawl are responsible for preparing the trustees, report and the financial statements in accordance with
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounts'ng Policies) and
applicable law and regulations.
Company law requires the trustees to 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 state of affairs ofthe charitable company and of ils 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 Ihem consistently.,
Observe the meihods and principles in the Charities SORP.,
Make judgements and estimates Ihal are reasonable and prudent.,
stale whetherapplicable UK Accounting Standards have been followed, subjectta any material
departures disclosed and explained in the financial statements., and
Prepafe the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.

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ST BARBE MUSEUM AND ART GALLERY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitsble company's transactions and disclose wth reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the asseis of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Disclosure of infomiation
In so are as the trustees are aware..
There is no relevant audit information ol the charitable company's auditor is unaware; and
The trustees have taken all steps thal they 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 requirement that the charity be audited but the Trustees have agreed thal the Charity will be
audited every three years with independent examinations in the intervening periods. The lasl audit was
2022 and the next audit will be as agreed by the Trustees.
Small companleg provislon statement
This report has been prepared in accordance with the small companies, regime under the Companies
Act 2006.
The trustees, report was approved by the Board of Trustees.
Sir J H de Trafford
Trust••
Date.. 0911212025
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 lo the board of Iwstees on my examination of the financial statements of Sl Barbe Museum and Art Gallery
(the chaiityl lor the year ended 31 March 2025.
Responslbllllles and basls of report
As Ihe board of truslees of the chaTty land also its directors for the purposes of company law), you are responsible
for the preparation of the financial statements in accordance with the requirements of Ihe Companies Act 2006.
Having satisfied mysell thal the flnancial slalemenls ol the chorlty are not Tequired lo be audited under Part 16 01
the Companies Act 2006 and are eli9ible for independent examination. I report in respect ol my examination of the
charity's financial slalements carried out under section 145 of the Charilies Act 2011. In carrying out my examination
I have lollowed the Directs'ons given by the Charity Commission under section 145(51(b) of the Chanties Act 2011.
Independent examlnerf8 Statement
Since the charity'5 gross income exceeded £250,000, the independent examiner musl be a member of a body listed
In section 145 of the Chari118s Act 2011. 1 Gonfirffl that l arn quallfied to undertake the examinallon because l am
member ol Institute of Chartered Accounlanls in England and Wales, which is one of Ihe listed bodies.
I have completed my examination. I confimi that no matters have come lo my attention in connection wilh the
examination giving me cause lo believe that in any malefial respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act
2006.
Ihe financial slalements do not accord with those records., or
the financial 51alements do not comply with the accounting requirements of section 396 01 the Companies Act
2006 other than any requirement that the financial slalemenls give a true and fair view. which is not a matter
considered as part of an independent examination,. or
the financial statements have not been prepared in accordance wlh the melhod$ and principles ol the
Siatement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their financial slalements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Adam Buse FCA
Flander ETL
Slag Gates House
63164 The Avenue
Soulhampton
Hampshire
S017 1XS
Dale..
1111212025111.'52 GMT
11

Enwloy Y).. 7IWO871.IEIY6E&B5fjfy72e$osAe8$3F
ST BARBE MUSEUM AND ART GALLERY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME ANO EXPENDITURE ACCOUNT
FOR THEYEAR ENDED 31 MARCH 2025
Unr•iirf¢t•d R•itrfci•d Endo¥Th•ni
fund•
2025
Totsi Unr•iirl¢thi R•ithct•d Éfid•*Tn•nt
lund
funds
1014
2024
Total
2D25
zozs
2025
20Z4
1024
Not••
Incom• *ftd •ndowm•nts irtsm..
Grnnis, éon*Uc•i & hq•d•s
Ch•rtl•ble •￿￿11••
Inv•5tm•nlA
Oih8r inctyne
219,198
184,401
3,331
,962
90,921
310.117
184.461
3.331
8.962
287.J97
100,270
6,58S
•6.260
363,857
100,Z70
6,B86
7,638
Total Incoffl•
415.9SO
BO.971
506,871
381.888
96.2eO
478,14B
Éxp•ndltur• •n'.
Chirti•bl•
394.049
143,540
537,589
375.8BJ
185,221
581,108
Tot•1 •xp•ndlt¥i•
391.049
143.540
537.589
378,88S
18S,221
S61.106
NRI plnUVosse#l on In¥fjstm￿
14,7731
14,7731
12,1441
N•1 In¢om•l(•xp•ndltur•l and mo¥•m•nl ITr lundi
21.901
152,8191
14,7731
135.4911
8,003
188,WJll
12,1441
185,1021
Recon¢lliiti•n ol lund$'.
Fund balinr4s •1 l Apfjl 2024
154.SS7
1,31JJ,831
83,882 1,639,250
148,554 1,389.792
86.008 1,624,352
Fund ts•l•ne•* It 31 March 2025
176,W 1,248,212
7g,OBS 1.503,759
154.557 1.300.831
83.862 1,63B,25D
The S￿lemen1 ol nnandBI acli%*bes indudii all g•lns losies reN>Dnised In th• ￿91. NJI Incoffe and expendllurn dw1¥• Imm coniinulng au1￿11*￿.
12-

Docusign Envelope ID. 79630871-IE1￿6E￿8560-72E885AE6S3F
ST BARBE MUSEUM AND ART GALLERY
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
14
15
1,372.144
79.189
1.419.688
83,962
1.451,333
1,503.650
Current assets
Debtors
Cash al bank and in hand
17
102.396
67,603
100,839
84,415
169.999
185,254
Creditors: arnounts falllng due within
one year
1117,573)
1149,854>
Net current a•setB
52,426
35,800
Total assets less current li3bilities
1,503,759
1,539,250
The funds of th• charlty
Endowment funds
Restricted income funds
Unrestricted funds
20
21
22
79,089
1.248,212
176,458
83.862
1,300.831
154.557
1.503,759
1,539,250
The company is enlllled lo the exemption from the audit requirement contained in section 477 01 the Companies Act
2006. for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of finanaal slalemenls.
The members have not required the company to obtain an audit of ils Inancial statements lor the year in question in
accordance with seclion 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to ihe small companies regime.
The financial statemenls were approved by the board of trustees on
0911212025
gif Jom IL frafvl
Sir J H de Trafford
Trustee
Company registration number 02793965 (England and Wales)
13-

Docus19n Envelope ID.. 79630871.1 E1&46E&B561>72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating acllvltles
Cash absorbed by operations
24
{10,030)
(54,554)
Investlng actlvltles
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
(10,1131
{11,745)
(80,000)
86,265
6,585
3,331
Net cash (used In}Igenerated from inve•ting
•ctlvllles
(6,782)
1,105
Net cash generated Irom Ilnanclng aclivitie•
Nel decrease In cash and cash equivalent$
116,812)
(53,449)
Cash and Gash equlvalents at beginnlng of year
84,415
137,864
Cash and cash equlvalenlg at end of year
67,603
84,415
14-

Docvsign Envelope ID.. 79630871-1E1546e5.B580_72E8B5AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcle•
CharSty Snforniation
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 Streel, Lyminglon, Hampshire, S041 98H.
1.1 Accountlng ¢onvention
The financial statements 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 thè Charities SORP "Accounting and Reporting by Charilies.. Statement ol
Recommended Practice applicable to charities preparing their .accounls in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the funclional curren¢y of the charity. Monetary
amounts in these financial slalements are rounded to the nearest £.
The financial statements have been prepared under the historlcal cost conventlon, modified lo Include certain
financial instruments al fair value. The principal accounting policies adopted are set out below.
.1.2 Golng concern
At the lime ol approving the financial slaternents, the board of trustees have a reasonable expectation Ihat Ihe
charity has adequate resources lo conlinue in oper81ional existence for the foreseeable luture. Thus the board
of trustees continue lo adopt the going concem basis of accounting in preparing the financial slatements.
1.3 Charitable funds
The Slalemenl of Recommended Practice {SORP) for Accounting and Reporting by Charities defines
reseNes as income which becornes available lo the charity and is lo spend at the Trustees. discretion in
furtheTance of any ol the charity'5 objects. but which Is not yel spent, commilled or designated. Thls definition
of reserves therefore excludes reslricted and designated funds and income funds which could only be Tealised
by disposing of fixed assets hèld for charity use.
Unr.e$tri¢ted reser4es are held for three $pe¢iflc reasons..
1 To prolecl Ihe charity in the event of a loss of income for a period of up to three months",
2 To safeguard the charity from an unexpected but essential one-off ¢osl', or
3 To provide sufficient funds to enable the charity lo be able to pay both salary and overhead costs for
period of th￿e months.
This would require minimuffl reserves of £60,000. The amount of reserve held at 31 March 2025 is £33,470
{2024'. £13.426) as per note 19. We will be working hard in future years lo build our reserves back up lo our
required minimum.
Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the Testricted funds are set out in the notes to the financial stalernents.
Endowment lunds are long term investments managed by Cazenove Capilal allowing income drawdown for
specific number of year after which the capital will become available.
1.4 Income
Income is recognised when the charity is legally entitled lo il after any performance conditions have been met,
the amounts can be rneasured reliabty. and it is probable that income will be received.
15-

Docusign Envelope10.. 79630871-1 E1546E5-8560-72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcies
(Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of Ihe donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relalion to donations received under Gift Aid or deeds of covenant is recogni5ed at the lime of Ihe donation.
Legacies are recognised on receipt or otherwise il the charity has been notified of an impending distribution,
the amount is known, and Teceipl is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Grants receivable are recognised when the three lollowing condillons are mel..
Enlillemenl - control over the rights or other access lo Ihe economiG benefit has passed lo the charlty.
Probable il is more likely than not that the economic benefit has passed lo the charity.
Measurement - the monetary value or amount of the income can be measured reliably and the costs
incuffed for the transaction and the costs to complete Ihe transaction can be measured reliably.
Membership incofne is recognised when received on the basi5 that Ihe museum will incur no fvrther costs in
relation to this against which the income would nonnally be delerred.
1.5 Expendltur•
Expenditure 1$ recogn15ed once there Is a legal or constructive obligation lo transfer economic benefit to a
third party, il is probable that a transler ol economic benefits will be required in setllemenl, and Ihe amount ol
the obligalion can be measured reliably.
ExpendiluTe.is classified by activity. The costs of each activity are made up of the total of direct Costs and
shared costs, including support costs involved in undertaking each activity. Direct costs allributable to a single
ti¥ity are allocated directly lo that activity. Shared costs which conlribule lo more Ih8n one activity and
support costs which are not attributable to a slngle activity are apportioned betrNeen those aclivilies on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and
dep￿CIall0n charges are allo¢at8d on the portion of the asset's use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cosl and subsequently measured at cost or valuation, nel of
depreciation and any impaiimenl losses.
Depreciation is recognlsed so 8$ to write off the cost or valuation of assets less their residual value8 over their
Useful lives on the following bases..
Leasehold improvements
Fixtures and fittings
Office equipment
Gallery equipment
2% Stfaighl line basis
15Yo Straight line basis
25Y• Straight line basis
15Yo Slraight line basis
The gain or loss arising on the disposal ol an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statemenl of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at Iran5adion price exduding transaclion wsts. and are
subsequently rneasured at fair value at each reporting date. Change5 in fair value are recognised in net
incomellexpenditure) for Ihe year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charty. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefils from its activities.
16-

Oocu$lgn Envelope 10.. 79630871-IE1 S.46E&8561>72E8B5AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting poll¢l•s
Icontinu•dl
1.8 Impalmienl of fixed assets
Al each reporting end date. the charity reviews the carrying amounts of its tsngible assets to determine
whether there is any indicalion thal those assets h8¥e suffered an impairmenl loss. If any such indication
exists. the recoverable amount of the asset is ests'mated in order lo determine the exlenl of the impaimienl
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
inveslments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
wilhin borrowings in current liabilities.
1.10 Financlal Snstruments
The charity has elected lo apply Ihe provisions of Section 11 'Basic Financial Instruments. and Section 12
'Olher Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments.
Financlal Instruments are recogni5ed In Ihe charity's balance sheet when the charlly becomes party to the
contraclual provisions of the inslrumenl.
Financial assets and liabilities are offset, with the nel amounts presented in the financial statement5, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a net
basis or lo realise the asset and settle the liability simultaneously.
Bag1¢ fln•nclal a•8et8
Basic finanual assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are sub5equenlly carried at amortised cosl using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the presenl value ol the future receipls discounted at a market rate of interest. Financial assets
classifled as receivable within one year are nol amortised.
Basic flnanclal Ilablllties
Basic financial liabililies, including creditors and bank loans are initially recognised al Ifansaction price unless
the arrangernenl conslilules a financing transaction, where the debt instrument is measured at the present
value of the fulure payments discounted at a marf(el rale of interesl. Financial liabililies classified as payable
wilhin one year a￿ not amortised.
Debt instrumenls are subsequently Ca￿led at amort15ed cost. using the effeclive interest rale method.
Trade creditors are obligation5 to pay for goods or Se￿ICe5 that have been acquired in the ordinary course of
operaiions from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
Iransacllon wice and subsequently measured at amortised cost uslng the effective interest method.
Derecognition of linancial liabilities
Financial liabilities are derecognised when the charity'5 contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cosl of any unused holiday enlillement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charily is demonstrably committed
lo terminale the ernploymenl of an employee or lo provide lemiinatson benefits.
17-

Docuslgn Envelope ID.. 79630871-1E1546ES-B56(k72E8B5AE653F
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcio•
(Continued)
1.12 Retirement benefils
Payments to defined contribution retirement benefrt schemes are charged as an expense as ihey fall due.
Income from grant•, donatlons & legacle8
Unreslrlcted R¢strlcted
funds
funds
2025
2025
Totsl Unrestrlcted Restricted
funds
funds
2024
2024
Total
2026
2024
Donatlons and gifts
Grants
37,759
181 ,437
37,759
272,358
39,528
227,869
39,528
324.129
90,921
96.260
219,196
90,921
310,117
267,397
96,280
363.657
Unreslricled grant incorne has reduced in 2025 because the Art5 Council grant for the Can't See The Art for
the Trees project finished in 2024.
Charllable actlvltlè8
2025
2024
Patrons & Frlends of St 88rbe
Admlsslon Income
Sponsorship
Workshops
Exhibitions
Exhibitors entry fees
Educallon
48,162
34,136
66,225
2,933
27.707
3,783
1,535
38.276
29,668
16.500
1,167
10,412
2,908
1,339
184.461
100.270
Charilable aclivity income has increased significanlty in 2025 primarily due lo the inclusion 01 £59,225
sponsorship income relating to the Lymington Afloat Feslival as well as Very successful sales of art and an
increase in exhibition tax credit.
18-

Oo¢usian Envelope ID.. 79630871-1E15-46E&8560-72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Income from listed investments
Interest receivable
3.313
18
6,466
119
3,331
6,585
Other Income
Unrestricted Unrestricted
funds
fund$
2025
2024
Other income
8,962
7,638
Other income includes £7,880 which was charged lo the calé for rent and ulililies in both 2024 & 2025.
Expendlture on ¢h4rltable actlvlll•g
Charitable
activity
2025
Charitable
activity
2024
Direct costs
Depreciation and impaiment
54,498
83,948
Share ol support and governance costs {see note 7)
Support
Governance
468,444
14,647
483,085
14.073
537,589
561,106
Analysis by fund
Unrestricted funds
Re5tTicled funds
394,049
143.540
375,885
185,221
537,589
561,106
19-

Doojsign Envelope10'. 79630871-1E1546E&B56(k72E8B5AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support G'overnance
cosls
¢ost$
2025
Support cosls Governance
costs
2024
Staff costs
Deprecialion
Establishment costs
Finance costs
Adminislralion
costs
Infomialion
technology
Other support costs
Human resources
Exhibition and
engagemenl costs
Audll fees
Accountancy
220,353
3.159
56,063
7.443
220,353
3,159
56,063
7,443
221,087
2,426
54.370
6,727
221,087
2,426
54,370
6.727
25,097
25.097
21,042
21,042
5,979
5,637
1,868
5,979
5,637
1,868
5.224
6,035
3,629
5,224
6,035
3,829
142,845
142.845
3,000
11,647
162,545
162,$45
2,750
11,323
3,000
11,647
2,750
11,323
468,444
14,647
483,091
483,085
14,073
497,158
Analysed behyeen
Charitable activities
468,444
14,647
483.091
483,085
14,073
497,158
Net moveménl In fund•
2025
2024
The net movement in funds is slated after chargingl(crediling)'.
Fees payable to the charity's independent examiner..
for the independent examination of the charity's financial statements
for other financial services
Depreciation of owned langible fixed assels
2,070
930
57.657
1,900
850
66,375
Board Of Trustees
No Iruslees were reimbursed expenses from the ¢harity during the current and prior year. No additional
benefits were received in the current and prior year.
No tTUStees. nor any persons connected with thern, have received any remuneration from the charity during
the currenl or prior year.
The charity arranges cover of £1,000,000 for the trustees against liabilitie5 in relation to the chanly (2024
£1,000,000).
Donations made by the trustees without any conditions attached £1,948 for Ihe year {2024 - £1,000).
20-

Oocusign Envelope ID.. 79630871-1 E1 s46E5-B56￿72E8BsAE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Employees
The average monthly number ofemployees during the year was..
2025
Number
2024
Number
10
Employment co•t8
2025
. 2024
Wages and salaries
Social security costs
other pension costs
203,802
12.354
4,197
204,273
12,503
4,311
220,353
221.087
There were no employees whose annual remuneration was more than £60,000.
R•mun•ratlon of k•y m•nagement per•onn•l
Thg remuneTalion of key management personnel was as lollows..
2028
2024
Aggregate compensation
56,838
54.061
11
Relaled party transactions
There were no disd05able related party transaction5 during the year12024 - nonel-
12 Galns and losses on Investments
Endowmeni Endowment
funds
funds
2025
2024
Gainslllossesl arising on..
Revaluation of investments
(4,773)
12,1441
13 Taxatlon
The charity is exempt from taxation on its activities because all ils income is applied for charitable Purposes.
21

Do¢usign Envelope 10.. 7963D871.1E1546E5-B56￿72E&85AefjS)F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Tangible fixed assets
L•agehold Flxturnj aThd
Smpr•v•ments
fittingg
Off5c?
equlpment
G•llvry
•quipm?nt
Total
Cost
At 1 April 2024
Additions
Disposals
1,560,841
196.882
2.726
21,010
575
(11,767)
22.410 1,801,143
6.812
10,113
{11,767)
Al 31 March 2025
1.560,841
199.608
9,818
29,222 1,799,489
Depreclatlon and Impalrment
Al l April 2024
Depreciation charged in the year
Eliminated in rèsped of disposals
187,302
31,217
170,589
19,235
17,393
2.443
(11,767)
6.171
4,762
381,455
57.657
{11,767)
At 31 March 2025
218,519
189.824
8,069
10,933
427,345
Carrylng amount
At 31 March 2025
1,342,322
9.784
1,749
18,289 1,372,144
At 31 March 2024
1,373,539
26.293
3,617
16,239 1,419,688
16 Fixed ajset Investrnents
Llst•d
Other
Inve•trn•nt• Inve•tment•
Total
Cost or valuatlon
At 1 April 2024
Valuation changes
83,862
(4,773)
100
83.962
14,773)
At 31 March 2025
79,089
100
79,189
Carrying amount
At 31 March 2025
79.089
79,189
At 31 March 2024
83,862
83,962
2025
2024
Other inveslmenls comprise..
Notes
Investments in subsldiaries
16
100
loo
-22-

DoGusiyn Envelope ID.. 79630871-1 E1 N6E5-B56fy72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Fixed asset Investrnents
(Continued)
The listed inveslments relate lo the endowment fund.
In the prior year, the endowment funds were moved lo a new provider where the emphasi5 is on responsible
inveslment.
The St. Barbe Trading Company Limited. our trading subsidiary, exists to undertake non-charitable aclivilies in
order lo generate income from the sale of goods.
16 Subsidlarles
Detalls ol the chanty's subsldlary al 31 March 20251s 8$ follows..
Name of undertaking
Reglstered
offlce
Nalur• of bu8lness
Class of
% Held
shares held Dlrect Indlrect
The St.8arbe Trading
Company Limited
Sl Barbe
Museum New
Street Lymington
Hampshire
S04198H
Running gift shop al St 8arbe Ordinary
Museum
100.00
The 8ggregate capital 8nd reseF¥es and the result lor the year ol subsidlaries excluded Irorn consolidation
was as follows..
Name of undertaking
ProfiVILo$$) Capltal and
Reserves
The Sl.Barbe Trading
Cornpany Limited
12,192
12,464
17 0•btor•
2025
2024
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepayrnen15 and accrued income
7,462
78.714
16,220
9,563
78,373
12,903
102.396
100,839
Other debtors include £48,138 of grant income relating lo 2025 but not recelved until after the year end
(2024- £57.934J and £14,282 of exhibition tax credit also received after the year end (2024 - £4,439).
23-

Oow5ign Envelupe10." 79630871-IE1546E&B560-72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Creditors.. arnount8 falllng due wlthin one year
2025
2024
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income
6,822
16,510
55,175
3,881
35,185
10,293
19,866
39,646
2,655
77,194
117,573
149.654
Deferred Income In the current year Includes £10.000 received in ffj5pe¢l of Iha Soulhall Life of the Flgld$
Exhibition. In the prior year deferred income included £51,975 in respect ol the Lyrninglon Afloat project which
look place in the current year.
19 Retirement beneflt schemes
2025
2024
Deflned conlrlbutlon 8ch•m••
Charge to profil or loss in respect of defined contnbution schemes
4,197
4,311
The ¢hadty operates a defined Contribullon pension scheme for all qualifylng employees, The a$$els ol the
scheme are held separately from those ol the charity in an independently adminisleTed lund.
Contrlbulions which are unpaid as at the balance sheet date total £1.800 {2024 - £883).
20 Endowment funds
Endowment funds represent long term Investments held wllh Ihe Cazenove Charity Responslble Mulli-Assel
Fund for a specific number of years after which drawdown of Ihe capital sum will be available. Income arising
on the endowment funds can be used in accordance with the objects ofthe charity and is included a5
unreslncted income. Any capital gains or losses arising on the assets fomi part of the fund.
At 1 Aprll
2024
Galns and At 31 March
108808
2025
Expendable endowments
Endownmenl fund
83,862
(4.773)
79,089
Prevlous year:
Galns and At 31 March
losses
2024
2023
Expendable endowment5
Endownmenl fund
86,006
(2,144)
83,862
-24-

Docuslgn Envelope 10.. 79630871.1E1546E&8560-72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Restricted funds
The restricted funds of the charty comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as lo how they may be used.
At l April
2024
Incomlng
r•source8
Re8ource• At 31 March
•xpended
2025
The Future of Sl 8arbe (Leasehold
improvements)
Coin Hoard Fund
Gallery Equipment
National Lollery Heritage Fund
HIVICF - The Saturday Club Trust
1,259.170
16.148
19.487
150,1431
1.209.027
16,148
20,228
5.097
76.698
9,128
(4,3561
176,6961
112,3451
6,026
2.809
1.300.831
90,921
(143,5401
1.248,212
Pr•vlou• year:
Al 1 Aprfl
2023
Incomlng
resources
R•50urce8 At 31 March
expended
2024
The Future of St Barbe {Leasehold
improvemenlsl
Coin Hoard Fund
Can't see the Arts for the Trees (Arts Council)
Gallery Equiprnent
National Lollery Heritage Fund
HIVICF - The Salurday Club Trust
1,319,354
16,148
38,025
16.265
160,184)
1,259,170
16,148
138,025)
(3,765)
182,5021
1745)
6,987
82.502
8,771
19.487
6,026
1,389,792
96,260
(185,2211
1,300,831
25-

Oo¢uslgn Envelope 10.. 79630871-1E1&46E&856(F72E885AE653F
ST BARBE MUSEUM ANDART GALLERY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Restrlcted funds
Icontlnuedl
Th F ture
f St Barbe Fund
Leaseh I
rovements
This fund is in respect of the 'Fulure of Sl Barbe Project, to improve public ser4ices and enhance the St Barbe
venue, enabling the organisalion lo be more resilient in the long term.
Coin Hoard Fund
Coin Hoard
Monies donated specifically for the acquisition and display ol coin collections.
n't see the Arts for th Tr
This fund Is in respect of Arts Council funding lo help the museum broaden and dSversify ils audlence and to
develop an enthusiasm for the museum and all cultural experiences in the New Forest. The fund will help to
deliver a wide range of physical and virtual events, activities and workshops in full consultation with our
partners and our visitors.
Galle
nl
Monies Iranslerred from the Ceftic Hoard Fund for the acquisition of dlsplay case and graphics equipment.
National Lotte
Herita e Fund
This funding relates to a project lo connect communities with their heritage and &trengthen community
ownership ol collection5. The aim is lo actively encourage participation by outreach work in the community
settlngs and targeted events at the Museum.
HIWCF - The Saturda
Club Trust
Collaboration with Saturday Club Trust funded by HIWCF.
22 Unre8trlcted fund•
The unrestricted funds of the charity comprise the unexpended balances ol donallons and grants which are
nol subject to specific conditions by donors and grantors as lo how Ihey may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2024
Incomlng ReBoure•8 At 31 March
r••ourc
expended
2025
General funds
154,557
415.950
1394,049)
176.458
Prevlous year:
At 1 Aprll
2023
Incomlng
resource5
Resources Al 31 March
expended
2024
General funds
148.554
381.888
1375.885)
154.557
26-

Oocu5wn Envelope ID.. 79630871-1E1546E&B560-72E885AE653F
ST BARBE MUSEUM AND ART GALLERY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
23 Analysis of net assets between funds
Unrestricted
funds
2025
R•$trlcted Endowm•nt
funds
funds
2025
2025
Total
2025
Al 31 March 2025:
Tangible assets
Investments
Current asselsl{liabllitie8)
142.888
100
33,470
1.229,256
1.372,144
79,189
52.426
79,089
18.956
176,458
1.248,212
79.089
1.503.759
Unrestrlcted
nds
2024
Restricled Endov•Tnent
lunds
funds
2024
2024
Totsl
2024
At 31 March 2024:
Tangible assets
In¥estmen15
Current assetsl(liabilities)
141.031
100
13,426
1.278,657
1.419,688
83,962
3S,600
83.862
22,174
154,557
1,300,831
83,862
1.539,250
24 Cash absorbed by operations
2025
2024
Deficit for the year
135.4911
185.102)
AdJustmenl• for:
Investmenl income recognised in stalernent ol financial adivities
Fair value gains and losses on inveslmenls
Depreciation and impairment of tangible fixed assets
Non-cash effect of change of investment portfolio manager
(3,331)
4.773
57.657
{6,5851
2,144
66,374
(6,5981
Pllovements in worklng capital:
Ilncreasel in debtors
(Decrease)fincTease in credilors
(1,557)
(32,081)
(48,992)
24,205
Cash abgorbed by operatSon8
(10,0301
154,554)
25 Analysis of changes in net funds
The charity had no material debt during the year.
-27-