OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
imited b Guarantee
ort and Financiydl Statements
lor the Year Ended 5th A ril 2024
Registered Charity Number 1018947
Registered Company Number 2797996

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Contents of the Financial Statements
for the Year Ended 5th A
ril 2024
Page
Legal and Administrative Information
Report of the Trustees and Directors
2to6
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
io
Notes to the Financial Statements
11 to 18
Ineome and Expenditure Account
19to20

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Com
anv Information
for the Year Ended 5th A
ri12024
TRUSTEES AND
DIRECTORS:
Mrs P M Williams
R S G Barnwell
Mrs S M Ja¢kJnan MBE
l J Grootne
D E Crouch
M Knight MBE DL
D S Denson Ttk Appointed 0810412024
SECRETARY:
Mrs S M Jackman MBE
REGISTERED OFFICE:
7 South Brink
Wisbech
Cambs
PE13 IJB
COMPANY NUMBER:
2797996 (England and Wales)
CHARITY NUMBER:
1018947
INDEPENDEIYT EXAMINER..
TC Group
9110 The Crescent
Wisbech
Cambs
PE13 IEH
BANKERS:
Lloyds Bank
3 North Brink
Wisbech
Cambs
PE13 iJr

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
REGISTERED NUMER: 1018947
(Registered Coffipany number 2797996)
ort of the Trustees
for the Year Ended 5th A
ril 2024
The Trustees who are also Directors of the charity for the purposes of the Companies Act present their annual report and
the fmancial statements of the company for the year ended 5th April 2024. The fman¢ial statements cornply with the
Charities Act 2011 ('the Act,). The Companies Act 2006. and Accounting and Reporting by Charitie5.' Statement of
Recommended Practice applicable io charitÈes preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).
LEGAL STATUS
The charity is conSti￿ted as a company limited by guardntee and is therefore governed by a Memorandum and Articles
of Association. The company is a registered charity.
OUR AIMS AND OWECTIVES
Purposes and aims
Our charily's purposes as set out in the objects contained in the company's Memorandum and Articles of Association are
those of educating the public about the life and works of Octavia Hill and esthblishing and maintaining a public museum
by undertaking exhibitions; and to advance public education in housing and its overarching social aspects.
Ensuring our Ivork delivers our aims
As a volunteet organisation working in the present ditTicult economic, geographic and social environment we still
continue to review. monitor and assess our operations to ensure the lonE-teTm sustainability of the Birthplace House.
The strategy remains lo cul costs, increase income, and improve the visitor experience. To achieve this we continue to
develop management and administrative skills through increased trnstee involvement and the recruitment of additional
trustees and volunteers, particularly those with specialisi skills.
The focus of our work
Our main objeclives thts year have been to:
Continue to identify and develop new annual income streams. panicularly with events and classes throughout
the year
To add new Trustees with a rnige of experience to provide leadership and guidance to the Trust
Improve and create new displays to promote repeal visiiors. with emphases on interactive learning and
Inte￿retatiOn
Broaden the core visitor base both geographically and demographically
To monitor all costs and procedures
Target local and natiollal schi)ols and organisations io increase virtual or actual visits.
Promoie the National Anny Cadei Force Museum.
In March 2023 the Wisbech Community Hub was relocated into part of ihe Birthplace House the Birthplace. It is now a
fully integrdted part of the Birthplace House and h&s help¢d to re-invigorate volunteer and visitor bas.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
Our main activities and who we ty to help are described below:
Who used and benefited from our service5
The Trust as a public museum continues to provide its services to individuals, groups and organisations at a local, regional.
national and international level, including disabled. disadvantaged and marginalised people. Its activities aim to reflect
the full range of Octavia Hill's own inlerests and achievements, all of which were of detnonstrdble public benefit.
Page 2

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
REGISTERED NUMBER: 1018947
(Registered Company number 2797996)
ort of the Trustees
for the Year Ellded 5th A
ril 2024
Ancillary activities
Th¢ museum has continued to support the many people and organisations liaising where possible with various elements
that comprise Octavia's living legacy such as the social housing movement. the National Trust and the Arn]y Cadets. Our
knowledge and experience is available for general advice or to give help ill specific projects or partnerships. Building
and maintenance work has continued throughout the period.
Outreach
The trust is a community resource. Run by and for its volunteers it is recrniling individuals who benefit from engagement
with our operations. We outreach via external lectures and in-house education offerings.
FIINANCIAL REVIEW
Targets for visitor numbers, groups and school visits remained challenging due to multiple external factors. The T￿SteeS
believe that constraints on education budgets are part of this. as are various economic factors.
The Statement of Financial Activities shows a net deficit of expenditure over income for the year amounting to £27,514
and our reserve5 sthnd at £1,653,314 in tolal.
The museum reopened on a very restricted scale for the summer of 2023 at 3 day a week. The number of visitors was
minimal, so little income was accrned.
The exterior of the House had become to look very run down so early in 2023 the Trnstees decided to use SOTne of an
earlier bequesi to have the paintwork re painted and some other pressing repairs made internally and externally. Some
£42k was spent on this work plus £7k earlier in the fmancial year. It is not expected that such expenditure will re-occur
in the next few years.
The Trustees decided early in 2024 that the paid Caretakerrole could b¢ managed by volunteers and the long tenn caretaker
was made redundant.
Principal Funding Sources
We continue to receive donations from individuals. trusts and organisations for specific projects including display creation
and improvement. Restri¢ted funds from legacies are spent on their projects when appropriate.
Investment Policy
The Trustees have wide powers of investhienl although only bank deposits have been utilised at present.
Reserves Policy
Revenue reserves cu￿entlY stand at £1.653.314. Restricted Funds are ring-fenced.
PLANS FOR FUTURE PEIUODS
We plan to source and task more volunteers with a particular emphasis on supporting family learning and intellectual
access for children and young people, and increasing the diversity represented in the museum galleries.
Community use of the Centenary Green (which is nornially open lo all). Identifying and implementing appiopriate
management initiatives has been problematic. The Tn￿teeS are planning to implement a project that will help integrate
the homeless people who sleep under Fenland District Council auspices in the adjacent old White Lion Hotel to build a
sense of ownership a5 Octavia Hill's philosophy. Funding is being sought for this project.
In December 2023, an Anglian Water watermain suddenly burst under South Brink, just outside the main entrance. This
caused flooding in the basement of over 70cms of water depth. Anglian Water athnitted full liability and sent a team to
dry out the basement and reinstate the decorations. The basement contains one of the House's major displays of life of
the poor tn London in the 19 century. The flood completely disabled the lift which was parked in the basement as peT
manufacturer's instructions and it was found to be ]￿eparable. After sotne discussions with loss adjusters and claims
handlers, Anglian Water agreed to pay the costs of removing the old lift and replacing it with a new similar lift. The cost
of this will be over £50k and the work is expected to be completed in November 2024. The House has managed, with
restrictions to access, throughout the season.
Page 3

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
EGISTERED NUMBER: 1018947
{Registered Company number 2797996)
Re
ort of the Trustees
for the Year Ended Sth A ril 2024
The Tearootn has opened on a limited basis due to lack of volunteers during the summer. A more pennanent solution by
volunteers or franchise is being sought.
The two rooms are dedicated to the National Arniy Cadet Force Museum have proved popular with both Cadets and
civilians alike. The areas have been further updated with improved interactive inforniatton points and new displays in the
enlarged area. A forn]al opening in September 2023. attended by National figures took place during the year and a Royal
visit is expected towards the end of 2024. Octavia Hill was a pioneer of the Army Cadets so this is a most appropriaie use
of the Birthplace House.
Ensuring our work delivers our aim
As a volunteer organisation working in the todays diificult economic. geographic and social environment including the
after effecib of the Covid Pandemic, we continue to review, monitor and assess our operations to ensure the long-tenn
sustainability of the Birthplace House. The strdtegy re￿￿illS to cut ¢OSts, increase income and improve the visitors,
experience.
The focus of our work
To take whatever steps necessary to increase the usage of the Birthplace House by increasing footfall to the Museum, the
Café, The Community Hub and National Arn]y Cadet Force Museum.
Page 4

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
EGISTERED NUMBER: 1018947
(Registered Company number 2797996)
ort of the Trustees
for the Year Ellded 5th A
ril 2024
STRUCTURE. GOVERJYANCE AND MANAGEMENT
Governing Document
The organisation is a charithble company limiied by guarantee. Th¢ company was established under a Memorandum of
Association which established the objects and powers of the charitable company and is governed under its Articles of
Association. In the event of the company being wound up members are required to contribute an amount not exceeding
£1.
As a limited company Octavia Hill Birthplace Museum T￿￿t is governed by its members. The Council of Trustee5 are
elected by ihe Members at a Generdl Meeting. Tn￿leeS can also co-opt additional Trustees to the Council, who must
subsequenily be elected by Memb¢rs ai the General Meeting. All the exisling Trnsiees have been elected by Members at
a General Meeting.
Recruitment and Appointment of Council of Mallagement (frustees)
The directors of the company are also charity trustees for the PUTpose of charity law and under the company's Articles
are known as members of the Council of Management. Under the requirements of the Memorandum and Articles of
Association the members of the Council of Managemeni are elecied to serve for a period of three years after which they
must be re-elected at the next Annual General Meeting.
All Trnstees give their time voluntarily and received no benefits from the charity. Any expenses claimed from the charity
are set out in the notes io the financial statements.
During the year one Trusiee. Mr Julian Snape. died in post and Mr P Griffiths resigned. At the end of the year Mr David
Denson joined as a Trustee.
Trustee Induction And Traillillg
Most of the Trustees have been involved with the Birthplace House development and expansion for years and offer their
extensive experience of involvement with other charities.
Risk Management
An ongoing risk managemenl process enables trustees to monitor operntional and strategic issues. Sustrinability issues
are reviewed regularly. Establishing reserves and suifIcient fmancial and human resources to mitigate the effects of
adversity remain a key aim with effective oversighi and development of administrative procedures. Procedures are
reviewed to eosure the health and safety of staff. volunteers. cliens and visitors to the centre.
Organisational Structure
The Octavia Hill Birthplace Museum Trust h&8 a council of up to 8 members who meet quarterly and are responsible for
the strategic direction and policy of the charity. Ai present the council bas 7 members from a variety of professional
backgrounds relevant to the work of the charity. Additionally the Curdtorial Advisor and Honorary Archivist are co-opted.
Page 5

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
EGISTERED NUMBER: 1018947
(Registered Company number 2797996)
ort of the Trustees
for the Year Ended 5th A
rii 2024
RESPONSIBILITIES OF THE TRUSTEES
The Trustees are responsible for preparing the fmancial statements in accordance with applicable law and United
Kingdom Accounting Standards (Unil¢d Kingdom Generdlly Accepted Accounttng Practice).
Company law requires the TTUStees lo prepare financial statements for each financial year which give a trne and fair view
of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and
application of resources, including income and expenditure. for the fman¢ial year. In preparing those f￿anCIal statements,
the Trustees should follow best practice and:
select suitable accounting policies and then apply ihem consistently.
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prndent.
state whether applicable UK accounting standards have been followe￿ subject to any material deparbjres
disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is not appropriate to presume that the
ompany will continue in busine&s.
The Trustees are responsible for maintaining proper a¢counting records which disclose with reasonable accuracy at any
time the financial position of the charitable company and to enable them lo ensure that the fInancial slatements comply
with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities.
Members of the Council of Management
Members of the Council. who are directors for the purpose of company law and tn￿teeS for the pury)ose of charity law,
who served during the year and up to the date of this report are set out on page l.
In a¢¢ordance with company law, as the company's directo[5, we certify that:
so far as we are aware, there is no relevant infonnation of which the company's independent examiner is
unaware; and
as the directors of the company we have taken all the steps that we ought to have iaken in order to make ourselves
aware of any relevant inforniation and to establish that the charity's independent examiner is aware of that
infonnation.
Approved by the Trustees dated............................. 2nd signed on its behalf by:
P Williams- Director and Trnstee
Page 6

Inde
endent Examiner's Re
ort to the Trustees of
OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
I report on the accounts of the charity for the year ended 5 April 2024, which are set out on pag¢s 7 to 17.
Respective responsibilities of trustees and examiner
The charity's Trustees (who are also Directors of the company for the PUTPOSes of company law) are responsible for the
preparaiion of ihe accounts. The charity's Trustees consider than all audit is not required for this year under section 144(2)
of the Charities Act 2011 ("the Acl") and that an independent examination is needed.
Having satisfied tnyself that the charity is not subject to audit under company law and is eligible for independent
examination, il is my responsibility to-
exan]ine the accounts under section 145 of the 2011 ACL
to follow the procedures laid down in the General Direction5 given by the Charity Commission under section
145(5) (b) of the Act. and
to state whether particular matters have come to my attention.
Basi5 of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as Trnstees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit, and consequently no opinion is given as to whether the account5 present a
'tTue and fair, view, and the repon is limited to those matters set Oui in the statement below.
Independent examiner's Statement
In connection with my examination, no matter has come to my attention:
( l} which gives me reasonable cause to believe that in. any material respecL the requirernents..
to keep accounting records in accordance with section 386 of the Companies Act 2006: and
to prepare accounts which accord with the accounting records, Comply with the accounting requirement of
section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recomtnended
PractE¢e: Accounting and Reporting by Clwities have not been meL or
(2)
to which, in my opinion, attenlion should be drawn in order to enable a proper undersLgnding of the accounts to be
reached.
C L Smtthee FCCA
TC Group
9110 The Cresceni
Wisbech
Cambs
PE13 IEH
Date
Page 7

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Statement of Financial Activities
in¢ludin
Income and Ex
for the
ear ended 5th A ril 2024
enditure Account
5.4.24
5.4.23
Unrestrieted
Restrieted Endoivment
Total
Total
Notes
Income:
Donations and grants-
Donations etc
Grants
782
782
16,094
1,878
4,176
16.094
Income from other trading activities:
Rents received
Other income
3,500
1,186
3.500
798
1,186
Income from charttable activities..
Admissions, sales and other income
8,113
8.113
1,674
Bank Interest
3,076
3,076
2.394
Total income
16,657
16.094
32.751
14,420
Expellditure:
Costs of raising funds..
Costs of generating donations and grants
1237
1,237
Expenditure on charitable activities
49,771
1229
50,999
82,442
Governance costs
1,433
6595
8,028
6,242
Total expenditure
52.441
7024
60,265
88,684
Net incomel{expenditure) and net
movement in funds for the year
{35,784)
8.270
(27.514)
{74,264)
Net movement in fund5 for the year
(35,784)
8,270
{27,514)
(74,264)
Reconeiliation of funds
Total funds brought fonvard
236,947
40.772
1,403,109
1,680,828
1.755.092
Total funds carried forTvard
201,163
49,042
1.403,109
1,653J14
1.680,828
The statement of financial activities includes all gaius and losses in the year. All incomiug resources and
resources expended derive from eontilluillg activitie5.
The nO￿S on pages 10 to 17 fonn part of the accounts
Page 8

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
stered Chari
Number: 1018947
IRegistered Company Number 2797996)
Balance Sheet
asat5thA
ril 2024
5.4.24
5.4.23
Notes
Fixed assets:
Tangible assets
Heritage assets
Investments
7.532
1,489,688
loo
9.415
1.489,688
loo
Total Fixed Assets
1.497J20
1,499.203
Current assets:
Debtors
Cash at bank and in hand
io
21,508
135,962
27.532
160,745
Total Current Assets
157.470
188,277
Liabilities:
Credffitots falling due within one year
li
1,476
6.653
Net Current Assets
155,994
181,625
Iyet Assets
12
1,653J14
1.680,828
The funds of the charity:
Unrestricted flmds
Restricted funds
Endowment funds
13
201,163
49,042
1,403.109
236,947
40,772
1,403.109
Total charity funds
1,653J14
1,680,828
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to
small companies.
The company is ¢ntitled to exemption froln audit under section 477 of the Companies A¢t 2006 for the year ended
5th April 2024.
Members have not required the company to obtain an audit in accordance with section 476 of lh¢ Companies Act 2006.
The Trusttts acknowledge their responsibility for.
(a) ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act
2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the conipany as at the year end of
each financial year and its profit or loss for each financial year in accordance with requirements of sections 394 and 395
and which otherwise comply with the requirements olthe Companies A¢¢ 2006 relating to financial statements, so far &8
applicable to the company.
Approved by the Board of trustees on .........-................... and signed on its behalf by:
P Williams - TTUStee
Page 9

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Statement of Cash Flows
for the
ear ended 5th A ril 2024
5.4.24
5.4.23
Net incomel(expenditure) for the reporting period
(as per Statement of Financial Activities)
{27,514)
(74,264)
Depreciation charge
(Gains)Ilosses on investments
Dividends and interest from investments
Lossllprofit) on disposal of r￿ed assets
(Increase)Idecrease in stocks
(Increase)Idecrease in debtors
Increasel{decrease) in creditors
1.883
2,301
6,024
(5,176)
(7,495)
293
Cash used in operating activities
{24,783)
(79,166)
Cash flow from investing activities
Interest and dividend income
Purchase of tangible fixed assets
(2,500)
Proceeds from sale of investments
Cash provided by (used ill) investing activities
(2,500)
Cash flow from financing activities
Increase (decrease) in cash and casb equivalents in the year
{24,783)
(81,666)
Cash and cash equivalents at the beginning of the year
160,745
242,411
Total cash and cash equivalents at the end of the year
135,962
160,745
Page 10

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statements
for the Year Ended 5th A
ril 2024
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Prnctice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)
{Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companie5 Aci 2006.
Octavia Hill Birthplace Museum Trnst meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historic C05t or transaction value unless stated in the relevant accounting policy
note.
Income
Voluntary income and donations are accounied for as received by the charity. Provision is included for any.
material associated tax credit which may be repaid to the charity as a result of Charitable Gift Relief. Pern]anent
endowrnent grants are dealt with through the Statement of Financial Activities when receivable.
Resources Expended
Resources expended are included in the Striement of Financial Activities on an accrual's basis. inclusive of any
VAT which cannot be reclaimed.
Expendittire which is directly attributable io specific activities has been included in these categories. Where
costs are atlributable to more than one activity. they have been apportioned across the cost categories on a basis
consistenl with the use of these resources.
Tangible Fixed Assets - Depretiatio
No depreciation has been provided on Herilage assets, including improvements to the original properties, because
in the opinion of the Trnstees, the residual value will be in excess of the canying value.
Office and museum equipment is depreciated at 20 % on the reducing balance basis in order to write off each asset
over its anticipated usefiEI life.
Tangible Fixed Assets - Grants
Grants and contributions relating to infrastructure assets at the original museum building of I South Brink Place,
have been d¢ducl¢d from the cosi of fixed assets. This is not in accordance with the Companies Act 2006, which
requires f￿ed assets to be shown at their purchase price or production cost and hence grants and contributions
would be presented as deferred income. This departure from the requirements of the Act is, in the opinion of the
Directors and Trustees, necessary for the financial statements to give a true and fair view as no provision is made
for depreciation and any grants and contributiODS relating to such assets would not be taken to the income and
expenditure account.
Material granls receivable in respect of other tangible fixed assets are treated as incoming resources and are shown
within the Sialement of Financial Activities.
Tangible Fixed Assets- Heritage Assets
The Binhplace House was built aboul 1740 on Wisbech's South Brink and is a Grdde II* listed building. The
original building had been extellsively subdivided since the Hill family left Wisbech.
I South Brink Place - This part of the building comprising the souibern most part was acquired in 1994 and
became the r￿st museum. It is reported in the balance sheet as a tangible r￿ed asset. It is stated at original purchase
price plus subsequent restoration work at cost less grants received as staled above.
Pagell

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statemellts
for tbe Year Ended 5th A
ril 2024
7 & 8 South Brink- In 2007, the Trust purchased the rest of Octavia Hill's Birthplace House. Funded by various
grants and fundraising appeals. The whole building was then restored into its original undivided state as part of
the reunification project that was completed in 2009. It is reported in the balance sheet as a tangible f￿ed asset. It
is stated at original purchase price plus subsequent resioration work at cost.
2 & 2A South Brink Place - The adjoining properties lo the Birthplace Museum became available in 2009 and
were purchased in order to be able to extend Museum facilities with a tearoom and other rooms which could be
utilised to generate rental income for the museum in the future. These properties are reflected in the balance sheet
as a tangible fixed asset and are stated at original purchase price plus subsequent restoration work at cost.
The Trustees consider that a conventional valuation approach would lack suificient reliability given the fact that
the property comprises a birthplace house. and that even if valuations could be obtsined. the costs would be
onerous ¢ornpared with the additional benefits derived by the Museum and users of the accounts. The assets are
therefore stated at cost.
The House contains numerous exhibitions and household items. Acquisitions are norn]ally made by purchase or
donation. Purchases are initially recorded at cost and donations at current value where possible. The Trustees have
not obtained valuations of these as a valuation could not be obtained at reasonable cost because of the size and
diversity of the collection.
Expenditure which in the Trustees, view is required to preserve or prevent further deterioration of individual
items, including preservation work to the Birthplace House is recognised in the Statement of Financial Activities
when it is incurred.
Taxatioll
Corporation is not provided for in these accounts. The Trusl is a registered Charity and is not liable to Income
or Corporation Tax. Value Added Tax is not recoverable by the charity and as such is included in the relevant
costs in the Income and Expenditure Account.
Display Costs
Expenditure in relation to museum displays is written off to the tncome and expenditure account in the year in
which it is incurred.
Leasing Commitments
Rentals paid under operating leases are ¢harged to the income and expenditure account over the period of the
lease.
Group Accounts
The company is exempt from the obligation to prepare Group Accounts by virtue of the provisions of the
Companies Act 2006.
Fund Accounting
Unrestricted funds- These can be used in accordance with clwitable objects at the discretion of the Trustees.
Restricted funds - These can only b¢ used for particular restricted purposes within the objects of the ch8rity.
Restrictions aTise when specified by the donor or when funds are raised for particular restricted PU￿0$eS. Further
explanation of the nature and purpose of each fi￿d is included ill the notes to the fmancial statements.
Endowm¢nt ￿nds- Capital grants receivable in respect of the reunification of 7 & 8 South Brink, I South Brink
Place and 2 & 2A South Britth Place have been treated as Endowment Funds. The Trustees Consider these grants
to be of a pem]anenl fuThding nature and specifically restricted to this project. Th¢r¢ are various repayment
conditions applicable if the properties are sold.
Page 12

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statements
for the ear ended 5th A
ril 2024
Donations and grants
Unrestricted Restricted
5.4.24
5.4.24
Endowment
5.4.24
Total
5.4.24
Total
5.4.23
Donations - General
Donations - Friends of Octavia
Grant- ACF
162
620
162
620
16,094
184
1,694
4.176
16.094
782
16,094
16,870
6,054
Income from charit2ble activities
Unrestricted Restricted Endowment
5.4.24
5.4.24
5.4.24
Total
5.4.24
Total
5.4.23
Museum admissions
Letting of museum & education rooms
2.487
5,626
2,487
5,626
754
920
8,113
8,113
1,674
Page 13

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statements
for the
ear ended 5th A
ril 2024
4. Total expenditure
5.4.24
Total
5.4.23
Total
UR
UR
UR
Costs directly alloc8ted to 2ctivittes
M3rketin&T and activiti¢s
SubsLripiions
Event costs
Accountsncy
a[￿ pmfe5sional fees
Piano cosis
775
77S
139
132
139
1,433
1,433
1.098
3.191
D 1.1198
170
Support cosrs alloc*ted io *¢ilvilies
T¢lephon¢
Siaiionery,priniing ae
Clvdnin
1,244
1.184
534
350
8.051
49,965
181
1.984
io
767
6.442
2.301
165
150
150
9.095
9,412
1.266
38
10
247
8J16
1.883
J2
17,472
5.225
2,284
Insuran
Repairs and renewals
Sundry expenses
IT softwar¢ and consumables
2,817
1366
595
Rent
Ra1¢5 and waier
247
8J16
654
12
17,472
5325
Lib*hi and heal
Jkpreciaiion
Ini¢rtti Paid
258
Mus¢um ser¥ices
5.561
4.752
W&¥￿$
Write off of old balancES
TOTAL RESOURCES
EXPENDED
,237 49,771
1.433
258 &595
57,981
88,684
D Direct a]location
U Usage all(Lation
T Transartion5 a]location
UR Unr¢siri¢ttsJ
R Restri￿ed
Page 14

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statements
for the
ear ended 5th A ril 2024
5. Net incomel(expenditire) for the year
This is stated after charging:
5.4.24
5.4.23
Depreciation - owned assets
Accountancy and other services
1,883
1,433
2,301
3,191
Analysis of staff Costs, trustee remuneration and expenses. and the cost of key management personnel
No remun¢ration was paid to trusiees in the year or in the previous year. nor were any expenses reimbursed to them.
5.4.24
5.4.23
Staff cost5
Museum services
Salaries and national insurance
17,472
5.225
5,561
4,752
5.4.24
5.4.23
The average montbly number of employees during the year was as follows:
Trustees
Staff
7. Tangible fixed assets
Office alld
museum equip
2023
Totals
Cost:
At 6th April 2023
Additions
Disposals
159,520
159,520
At 5th April 2024
159,520
159,520
Depreciation:
At 6th April 2023
Charge for year
Eliminated on disposal
150,105
150,105
1,883
1,883
At 5th April 2024
151,988
151,988
Net book value:
At 5th April 2024
7,532
7,532
At 5th April 2023
9,415
9,415
Page 15

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Financial Statements
for the
ear ended 5th A
ril 2024
Heritage assets
I South
Brink Place
7&8 South 2&2A South
Brink
Brillk Place
2023
Totals
Cost:
At 6th April 2023
Additions
90,754
914J20
484,614
1,489,688
At 5th April 2024
90,754
914J20
484,614
1,489,688
Depreciation:
At 6th April 2023
Charge for year
At 5th April 2024
Net book value:
At 5th April 2024
90.754
914,320
484,614
1,489,688
At 5th April 2023
90,754
914.320
484.614
1,489.688
At 5th April 2022
90,754
914,320
484,614
1,489,688
At 5thApril 2021
90,754
914.320
484.614
1,489,688
At 5th April 2020
90,754
914,320
484,614
1,489,688
At 5th April 2019
90.754
914,320
484,614
1,489,688
The majority of the heritage assets are subject to security arrangements with the ￿llders to the project.
Investments
Unlisted
investments
2024
Totals
Cost:
At 6th April 2023
and 5th April 2024
loo
loo
Net book value:
At 5th April 2024
loo
loo
Ai 5th April 2023
loo
loo
Page 16

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to the Fillancial Statement
for the
ear ended 5th A rii 2024
The charitys investments ai the balance sheet date in the share capitsl of companies include the following:
Oetavia Hill Trading Limited
County of incorporation: England
Nature of business: trading activities of Octavia Hill Museum
Class of shares:
Ordtnary
holding
loo.00
5.4.24
5.4.23
Aggregate capital and reserves
Profitl(Loss) for the year
(2J90)
851
(3,242)
(3,211)
10. Debtors
5.4.24
5.4.23
Other debtors
Prepayments
Inter cornpany account balance
3,830
112
17,566
2,631
112
24,789
21,508
27,532
I l. Creditors falling due within one year
5.4.24
5.4.23
Other creditors
Accruals
Receipts in advance
113
lJ63
1,066
2,812
2.775
1,476
6,653
12. Analysis of net assets between funds
Unrestrieted
General Funds
Restricted
Funds
Endoivment
Funds
Total
Funds
Tangible fixed assets
Heritage asscts
Fixed asset investment
Current assets
Current liabilities
2,615
87,617
loo
112J07
(1,476)
3.879
1,038
1,402,071
7,532
1,489,688
loo
157,470
(1,476)
45.163
201,163
49,042
1,403,109
1,653,314
Page 17

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Notes to Ihe Finalleial Statement
for the year ended 5th A ril 2024
13. Analysis of eharitable funds
At 6 April
2023
At 5 April
2024
llleome
Expenditure
Unrestricted Funds
General reserve
236.947
16.657
52,441
201,163
Total unrestricted funds
236,947
16,657
52,441
201,163
Restricted funds
40,772
16.094
7,824
49,042
Total restricted funds
40,772
16.094
7,824
49,042
Endowment fLmds
1,403.109
1,403,109
Total endowment funds
1,403,109
1,403,109
Total funds
1,680,828
32.751
60,265
1,653,314
14. Contingent liabilities
Should the heritage assets ever be sold. the capital grants received are subject to various repayment conditioDS.
The value of the capital grants received as at 5 April 2024 were £1.403,109 (2023: £1.403,109).
15. Other financial eonunitmellts
At 5 April 2024 the Trust had an annual con)mitmenl under a 99 year opernttng lease in respect of Centenary Green,
Somers Road, Wisbech amounting to £10 per annum. The lease expires in 2111.
16. Related party transactions
The charity receives rent from the properties known as 2 & 2A South BrinK Wisbech and part of 8 South BrinL
Wisbech from it's subsidiary Octavia Hill Trading Limited, under a lease agreement which commenced on
l November 2008. The rent due is £3,500 per annum and is reviewabl¢ every 5 years for a tern] of 20 years.
During the year the charity received rent amounting lo £3,500 (2023: £3,500).
The charity is a company limited by guarantee, and is under the control of the Directors. who a￿ also Trustees.
Page 18

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Income and Ex
enditure Account
for the
ear ended 5th A
ril 2024
5.4.24
5.4.23
Turnover
Donations - General
- Friends of Octavia
-ACF
162
620
16,094
2,487
5,626
184
1,694
4,176
754
920
Grants
Museum admissions
Letting of museum & education rooms
GROSS PROFIT
24.989
7,728
Other income
Interest
Other income
Rents received
3,076
1,186
3,500
2.394
798
3,500
Carried fonvard
32,751
14,420
Page 19

OCTAVIA HILL BIRTHPLACE MUSEUM TRUST
Income and Ei
enditure Account
for the
ear ended 5th A ril 2024
5.4.24
5.4.23
Brought fonvard
32,751
14.420
Expenditure
Telephone
Stationery.prinling and postage
Markettng and advertising
Event costs
Training
Insurance
Repairs and renewals
Subscriptions
Cleaning
Sundry expenses
IT sofiware and consumables
Accountancy
Legal and professtonal fees
Rent
Rates and water
Light and heat
Museum services
Wages
Piano Costs
Write off of old balance
1.244
165
775
1.184
534
132
3,111
12
9,095
9,412
139
150
1,266
38
1,433
1.098
io
247
8J16
17,472
5,225
8,051
49,965
350
181
,984
3.191
10
767
6,442
5,561
4,752
170
2,284
58J82
86,383
(25,631)
(71,963)
Display Costs
(25.631)
(71,963)
Depreciation
otYi¢e and rnuseum equiprnenl
1,883
2,301
(27,514)
(74.264)
Loss on disposal of fixed assets
Office and museum equipment
NET INCOMEI(EXPENDITURE) FOR THE YEAR
(27,514)
{74,264)
Pages 18 and 19 do not forni part of the slatutory financial statements
Page 20