COMPANY REGISTRATION NUMBER: 1954998
CHARITY REGISTRATION NUMBER: 1036633
Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2023

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Financial Slalemenls
Year ended 31 March 2023
Pages
Trustees, annual report (incorporating the director's report}
Independent examiner's report to the trustees
1102
Slatemenl of financial activities (including income and expenditure
account)
Slatemenl of financial position
Notes to the financial statements
6t09
The following pages do not form part of the financial statemenls
Detailed statement of financial activities
11

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purFK)ses ol company law, present their rewrt and the unaudited
financial slatemenls of the charity lor the year ended 31 March 2023.
Reference and administrative details
Regislered charity name
Milford Haven Heritage & Maritime Museum
Charity registration number
1036633
Company registralion number
1954998
Principal office and regislered
office
The Docks
Milford Haven
Pembrokeshire
SA73 3AF
The trustees
MrALBatte
Mrs J R Batte
Mrs C Best
Mrs S C Kenny
Mr C A Shary)
Mr G A Springer
(Resigned 4 December 2022)
(Resigned 1 April 20221
Company secretary
Mrs S C Kenny
Independent examiner
EVENS & CO LTD Chartered Acounlanls
Structure, governance and managemenl
Governing document
The charty is controlled by its governing document. a deed ol trust. and construes a limited company, limited by
guarantee. as defined by the Companies Act 2006.
Commiltee ol Management
The names ol the Committee of Managemenl are shown on page one. Under the advice from Pembrokeshire
Association lor Voluntary Services, the charity reduced the size ol its management committee from thirteen trustees
to seven, with the Milford Haven Town Council appoinling tsvo trustees and the Friends ol the Milford Museum
appoirrting live, giving a cornmillee ol seven persons.
Objectives and activities
To advance the education of the public tsy the wovision of a museum.
Public benefit
We have referred to the guidance contained in the Charity Commission's generai guidance on puuic benefit when
reviewing our aims and objections and in planning our future activities.

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (condnued)
Year ended 31 March 2023
Strategic report
The following sections for achievemenls and performance and financial review form the strategic report of the
charity-
A¢hievements and perfomiance
Charitable activities
The museum opened Easter 2022 after a lot of winter work. painting many of the areas and brightening up the
museum.
The visitor number slightly improved on the previous year as people became more comfortable wilh coming back out
and into buildings.
Work is carrying on with the Heritage Lottery Funding Grant lo find ways off making the museum more sustainable.
Several plans are in place for the 2023 season. The summer aclivilies of making cushions and art work proved very
successful with the children and brought extra visitors to the museum. Work started on a book written by local
school children and kindly funded mainly by a American Actress and Author.
During the year one Trustees resigned due lo personal reasons. We would like lo wish Jenifer Batte all the best for
the future and thank her for her dedication lo the museum over the years.
The museum closed its doors for the end of the season after the October half term. Winter work had been planned.
We are hoping lo replace the display cabinets in the social room, This job is a big job and al a large Gosl but il will
make il easier for the displays to be changed. We very much look forward to welcoming more visitors next year.
Financial review
The Teserves held at the end of the year are £88,270 surplus {2022 £109,804 surplus). Reserves are set aside for
future projects.
The trustees, annual report and the strategic report were approved on 3 October 2023 and signed on behalf of the
board of Iruslees by:
Mr C A Sharp
Chairman

Milford Haven Heritage & Maritime Museum
Company Limited by Guaranlee
Independenl Examiner's Report to the Trustees of Miltord Haven Heritage & Maritime
Museum
Year ended 31 March 2023
I report lo the trustees on my examination ol the financial slalemenls ol Millord Haven Heritage & Maritime Museum
I'the charity'l lor the year ended 31 March 2023.
Responsibilitie3 and basls of report
As the trustees ol the company land also ils directors lor the purposes ol company lawl you are responsible for the
preparation ol the financial slalemenls in accordance with the requirements ot lh8 Companies Act 2006 I'the 2006
Acl'l.
Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 01 the 2006
A¢1 and are eligible lor indèpendent examination, I report in respect ol my examination of the charity's accounts as
carried oul under section 145 01 the Charities Act 2011 I'the 2011 Acl'l. In carrwng out my examination I have
followed the Directions given by the Charity Commission under section 145{Sllbl ol the 2011 A¢1.
Independenl examlner's statemenl
I have completed my examination. I conlirm that no mallers havè come to my attention in connection with the
examinalion giving me cause lo believe=
accounting records were not kept in respect ol the charity as required by section 386 01 the 2006 Act,. or
the financial statements do nol accord with those records., or
the financial slalemenls do not comply with the accounting requirements ol section 396 01 the 2006 Act
other than any requirement that the accounts give a 'lrue and lair, view which is not a matter considered
as part ol an independent examination., or
the financial slalemonts have not been prepared In accordance with the methods and principles of the
Statement ol Recommended Practice lor accounting and reporting by charities applicable to charities
preparing Ih8ir accounts in accordance with the Financial R8POrting Standard applicable in the UK and
Republic ol Ireland IFRS 1021.
I have no concerns and have corne across no other matters in connection wilh the oxamination lo which attentlon
should be drawn in this report in order lo enablè a proper understanding ol the accounts lo be r&ached.
EVEN
TD
Chartered Acounlanls
Independent Examiner
Hamilton House
Hamillon Tefrace
Milford Haven
Pembrokeshir8
SA73 3JP

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Statement of Financial Activilies
(includlng Income and expenditure account)
Year ended 31 March 2023
2023
Unreslricled
funds
2022
Tolal funds
Total tunds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
6,169
30,716
120
6,169
30,716
120
1,499
32,131
Total Incom8
37,005
37,005
33,634
Expendlture
Expenditure on ¢harilable a¢livities
Total expendllure
158,5391
158,539}
158,5391
158,5391
134.3291
134.3291
Net expendllure and net movemenl In funds
121,534)
121.5341
16951
Reconciliatlon ot lund8
Total funds broughl lorward
Total lunds carrled forward
109,804
109.804
110,499
88,270
88.270
109.804
The statement ol tinancial activllies includes all gains and losses recognised in the year.
All income and expenditure derive from Conlinuing aclivi118S.
The notes on pages 6 to 9 lorm part of these flnancial st8toment¥.

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
20,316
23.932
Current assets
Stock
Debtors
Cash al bank and in hand
2.328
8,711
62.078
3,459
3,373
88,126
73,117
94,958
Creditors: amounts falling due withln one year
Net Current assets
{5.1631
67,954
(9.086)
85,872
Totsl assets1è58 current liabilities
88,270
109,804
Funds of the charity
Unrestricted funds
88.270
109,804
Totsl Charity funds
88,270
109,804
For the year ending 31 March 2023 the charity was entitled to exemption from audil under section 477 of the
Companies Act 2006 relating lo small companies.
Directors. responsibilities..
The members have not required the company lo obtain an audit of rts financial statements for the year in
question in accordan￿ with section 476.,
The directors acknowledge their responsibilities for ¢omplyin9 Wlth the requirements of the Act with respect lo
accounting records and the preparation of financial slalemenls.
These financial slalements have been prepared in accordan￿ with the provisions applicable lo companies subiect
to the small companies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on 3 October 2023, and
are sign
f the board by
Mr C A Sharp
Trustee
The notes on pages 6 to 9 fonn part of these financial slalements.

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Notes to Ihe Financial Statements
Year ended 31 March 2023
General Informatlon
The charity is a public benefit enlily and a private company Iimiied by guarantee, registered In England and
Wales and a registered charity in England and Wales. The address of the registered off ice is The Docks,
Milford Haven, Pembrokeshire, SA73 3AF.
Statement of compllance
These financial slalemenls have been preparèd In compliance with FRS 102, 'The Financial R8POrting
Standard applicable in the UK and the Republic ol Ireland,, the Slalemenl ol Recommended Practice
applicable lo char11ies preparing their accounts in accordancè with the Financial Reporting Standard applicable
in the UK and Republic ol Ireland IFRS 1021 Icharilies SORP IFRS 10211 and Ihe Companies Acl 2006.
Accounting pollcles
Basls of preparatlon
The financial slalements have been prepared on the historical cost basis. as modified by the revaluation ol
certain financial assets and liabilities and investment proponies measured al lair valu8 through in¢om8 or
expenditure.
The financial statements are prepared in s18rling, which is Ihe tunclional currency ol th6 entity.
Golng concern
There are no malerial uncertainties about the charity's abilily lo continue.
Judgements and key sources of esllmatlon uncertalnty
The preparation ol the financial statements requires managemeni lo make iudgemenis. eslimales and
assumptions that allect the amounts reported. These eslimales and judgements are Continually reviewed and
are based on experience and other laclors, Including expecialions ol lulure evenls that are believed lo be
reasonable under the circumstances.
Fund accountlng
Unreslricled funds are available lor use at the discretion ol the trustees to lurthei any ol the charity's purp)ses.
Designated funds are unreslricied tunds earmarked by the Iruslees lor particular lulure projed or commitment.
Fleslricted funds are subjected lo restrictions on their expendilufe declared by the donor or through the terms
ol an appeal, and fall into one ol two sub-classes.. restricted income funds or endowment funds.

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Notes to the Financial Statements (eontlnuedj
Year ended 31 March 2023
Aecountlng pollcles (¢onllnuedJ
Incoming resources
All incoming reSoUr￿S are included in the slalemenl of linancial activilies when enlillemenl has passed lo the
charity,. it is probable ihal the economic benefits associated with the transaction will flow to the charity and the
amount can be reliably measured. The following specific policies are applied lo particular categories of income..
income from donations or grants is reccxJnised when there is evidence of entitlement to the gift, receipt is
probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the lair value ol ihe gO￿￿S unless ihis is impractical lo
measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale
value. Donated facilities and services are recognised in the accounls when received il the value can be
reliably measured. No amounts are Included lor the conlribulion ol general volunteers.
income from canlracts lor Ihe supply ol services is rec￿nISed with the delivery af the contracted service.
This is classified as unreslricled funds unless there is a contractual requir8rnènl lor il to b8 sp8nl on a
particular purpose and relurned if unspent, in which case Il may be regardeé as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be lully recovered. arKI is classified under headings ol th8 Stal8mènt ol financial aclivi118S to wh￿h it
relates..
expenditure on raising funds includes the costs ol all fundraising activities, evenls, non-charilable trading
aclivilies. and the sale ol donated goods.
expendrture on charitable activities includes all costs incurred by a charity in undertaking aclNities that
further ils charitable aims lor the benefit ol ils beneficiaries, including those support casts and costs
relating io the governance ol the charity apportioned lo charitable aclivilies.
other expenditure includes all expenditure that is nerther related to raising funds for the charity nor part of
ils expenditure on charitable activities.
All cosls are allocated lo expenditure categories fellecting the use ol the resource. Direct cosls attributable lo a
single activity are allocated directly to that aclivily. Shared costs are apportioned be￿een the activities they
contribute to on a reasonable, justifiable and consislenl basis.
Tangible assets
Tangible assets are initially recorded al ¢osl, and subsequently slated at cost less any accumulated
depreciation and iTnpairmenl losses. Any tangible assets carried al revalued amounts are recorded al Ihe lair
value al the dale ol revaluation less any subsequent accumulated depreciation and subsequent accumulated
impairment losses.

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Notes to the Financlal Statements (contlnu8dJ
Year ended 31 March 2023
Accountlng pollcles (conllnuedj
Depreciation
Depreciation is calculated so as lo write off the cost or valuation ol an asset, less its residual value, over the
useful econom￿ life of that asset as tollows..
Short leasehold property
Fixtures and fittings
over the term ol Ihe lease
1 SO/0 reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling prfce less costs lo complete and sell. Cosl
includes all costs ol purchase. costs ol conversion and other cosls Incurred in bringing the slock lo ils present
location and condition.
Independent examlnatlon fees
2023
2022
Fees payable lo the Independent examiner for.
Independent examination ol the financial slalements
250
250
Tanglble Ilxed assét$
Short leasehold
property
Fixtures and
fittings
Total
Cost
At 1 Aprll 2022 and 31 March 2023
Depreclatlon
At 1 April 2022
Charge lor the year
At 31 March 2023
20,565
44,623
65.188
17,056
553
24,200
3,063
41,256
3,616
17,609
27,263
44,872
Carrying amount
At 31 March 2023
2,956
17.360
20,316
Al 31 March 2022
3,509
20,423
23.932
Stocks
2023
2022
Stock
2,328
3,459

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Notes lo the Financlal Statements (conllnued)
Year ended 31 March 2023
Deblors
2023
2022
Prepayments and accrued income
Olher debtors
8,108
603
2,568
805
8,711
3,373
Other debtors include an amount ol £nil12022 - £nill falling due after more than one year.
Credltors: amounts falllng due wlthln one year
2023
2022
Trade creditors
Olh8r creditors
4,152
1,011
7.911
1.175
5.163
9,086
Analysls ol charltable lunds
Unrestrlcted lunds
Al
Expenditure 31 March 2023
Al l April 2022
Incom8
General lunds
109,804
37,005
158,5391
88,270
Al
Expenditure 31 March 2022
Al 1 April 2021
Income
General lunds
110,499
33,634
134,3291
109,804
10. Analyslg of nel assets between funds
Unreslricled Total Funds
Funds
2023
Tangible fixed assets
Currènt assets
Creditors less than 1 year
Net assets
20.316
73.117
{5.1631
88,270
20,316
73,117
15,1631
88,270
Unreslricied
Funds
Total Funds
2022
Tangible fixed assets
Currenl assets
Creditors less than 1 year
Nel assets
23.932
94,958
19,0861
109,804
23.932
94,958
19.0861
109,804

Milford Haven Heritage & Marilime Museum
Company Limited by Guaranlee
Managemenl Information
Year ended 31 March 2023
The followlng pages do not form part of the flnancial slatements.
10-

Milford Haven Heritage & Maritime Museum
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2023
2023
2022
Income and endowmenls
Donallons and legacies
Donations
6,169
1,499
Charitable aclivltleg
Shop income
Entranc8 lees
Grants
2,321
6,280
22,115
1,268
4.641
26,222
30,716
32,131
Investment Income
Deposit account interest
120
Total Income
37,005
33,634
Expendltur8
Expenditure on charllable actlvltles
Purchases
Flenl
Light ané heal
Repairs and maintenance
Insurance
Legal and prol@ssional18es
Telephone
other office Costs
Depreciation
Advertising
SLtndry
A¢¢ountan¢y
Independent examiner
29,335
6,095
2,142
869
3,756
1,136
412
4,444
3,616
4,859
1,225
400
250
5,101
8,696
3,321
7,659
399
2,158
465
137
4,157
1,310
336
340
250
58,S39
34,329
Total expendlture
58,539
34,329
Net expendlture
{21,5341
16951