Cll Coni
ARMirr LIBRARY AND MUSEUM CENTRE
(A company Ilmited by guarantee)
Annual Report and Consolidated Financial Statements
YEAR ENDED 31 MARCH 2024
Company registration number: 03153895
Charity registration number: 1054762
CHARITY corthrK41ssior
FIRST CONTACT
'iJANI02
RECEIVÈD

ARMITh LIBRARY AND MUSEUM CENTRE
Referen￿ and Administrative Details
Reference and Administralive Details
Trustees, report
Truslees, responsibilities in relation to the fin8ncial stsl8ments
Independent Examiners Report
Consolidaled statement of finanaal activities
Conyolidated Balance sheet
Charity balance sheet
Notes to thé financial ststements
10
11
12-2Q

ARMITh LIBRARY AND MUSEUM CENTRE
Trustees Report for the year ended 31 March 2024
Charlty name
Armitt Lbi rary and Museum Centre
Charlty registratlon number
1054762
Company registration number
3153895
Prlncipal office
Rydal Road Amblesidè Cumbria LA22 9BL
Regist•r¢d office
Rydal Road Ambleside Cumbria LA22 9BL
Trust9*$
Anthony P Lonton
Peter R Lansberry
Sir Christopher J Scott
Tim Cowen
Christopher C Blackhurst
Penelope J E Bradshaw
Clare E Poulter
Secretary
Peter R Lansberry
Examinèr
Dodd & Co Limited
FirfEEN Rosehll
Montgomery Way
Rosehill Estate
CARUSLE
CA12RW
Page 3

ARMITh LIBRARY AND MUSEUM CENTRE
Trustees Report for the year ended 31 March 2024
The Trustees present Iheir report and the unaudited consolidated financial statements of the Charity for Ihe year
end￿ 31 March 2024. The financial statements have been prepared in accordance wth the accounting policies
set out in the notes lo the accounts and ¢ompty with the Charity's goveming do¢ument, the Companies Act 2006.
the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable
to charities preparing their accounts in accordance wilh the Financial Reporting Stand8ffl applicable in the UK and
Republi¢ of Ireland {FRS102) effectFve 1 January 2019.
The Armitt Library and Museum Centre lThe Charity) is registered with the Charity Commwion, registration
number 1054762. and is a company limited by guarantee. registration number 03153895. The Charity is govemed
by its Memorandum and Articles of Assouation. The Charity was incorporated on 1 February 1996 and the
registered address is Rydal Road. Ambleside, Cumbria, LA22 9BL. The Trustees. Annual Report also contains the
infonration required under the Companies Act 2006 for a Directr)rs' ReporL
The Charity is the sole trustee of the chanty known as The Annitt Coltection Trust (The Trust). and the Charity
Commission issued a linking direciion with effect from 1 January 2019. The Charity and the Trust are known as
The Armitt.
Objects
The Objects of th8 Charity are". 'for the public benefft. to advance the education of the publio in particular, but not
exclusively, by the provision and maintenance of a library and museum in perpetuity in Ambleside, Cumbria for
promoting the study and general knowledge of all literary, scientific and artists"c subjects, works and artefacts and in
particular (but without limitstion) those of the Amiitt Collecl"on".
Trustees
Trustses who seNed during the reporting year were:
V J C Rees (resigned 1 April 2023>
A P Lonton
C R Nugent (decèased 4 November 2023)
P R Lansbery
CJScott
C Sanderson (resigned 30 June 2023)
T Cowen
L T Mansfield {resigned l April 2023)
C C Blackhurst
P J E Bradshaw (appointed 25 May 2023)
C E Poulter (appointed 1 June 2023)
The Trustees are the Member5 of the Chaiity and are the Directors for the purposes of company law.
The Trustees contlnue to seek new Trustees and are particulaty looking to strengthen their ¢onnections wilh the
local communlty and to broaden their marketing and revenue devebpment skill-sets.
The Trustees have assessed the major risks lo which the charity is exposed. and are satisfied that appropriate
systems are in place to manage those risks. We are satisfied that those roles the Trustees are obliged to perfomi
{being twelve general roles applicable to all Trustees and a number of specific roles dependenl on Ttustees. areas
of expertise) are being discharged appropriately.
Page 4

ARMITh LIBRARY AND MUSEUM CENTRE
Trustees Report for the year ended 31 March 2024
The TTuslees have had due regard to the guidance published bythe Charity Commission on Public Benefft.
Activilles and Flnance
The resetves policy is that the general reserve {reseTves that are unrestrrcted and undesEgnated) should be not
less than £20,000 based on three months. core operating costs. excluding depreuation. At Ihe end of the year the
general reserve were in defi¢it by £52.462 (2023: £25,607 defictt). and the finan¢ial posib'on is therefore closely
rnonitored to ensure that The Aimitt can continue to operate. There are also designated endowment funds of
£96,719 which ale awlable to the trustees is required.
During the acwunting year 202>2024, The Annitt made further progress on its aGtivities and aims. particulady
with regard to growing visitor numbers. events and funding opportunities.
The main exhibition in 2023 was called 'Leaming through the Natural WoFbJ" and focused on the story and legacy
of CharIotte Mason, a pioneer of home education and a person with strong connections to Amble5ide and the
nei9hbouring University of Cumbria Ambleside campus. This exhibrtion was supported by the University of
Cumbria as partner5. along with the Charfotte Mason Inslilute {USA) and other individual contributors. Aongside
the èxhibition was a programme of events including talk5 and workshops. some of which were held online for
widening the audien￿ reach. This year was important to display such an exhibitson because it was the centenary
recognition of Charlotte Mason's death. This led to a culmination in conference5 and activitres. with Ihe main one
being during July 2023 with visitors from a number of overseas countries. This boosted The Amitt's profile and
role in preserving such a collection.
Beatrix Potter remains a key aspect to The Amitys displays for Msitor interest and engagement. A new. local
resident artist worked with the museum to display textile works amongst the original watercolours. These were w611
received, end a number of purchases were made in the shop of the contemporary artists, work.
Partnership working with the National Trust continued in the forn of opening Bridge House. a5 part of the cultural
Gollaboration, and a series of photographs from The Amitt's archives wère shown as part of a display in Wray
Casue throughout 2023 to early 2024.
Grants and ￿ndraising are important to ensure The Amiitt can continue lo programme tls actwiltes and business.
During this financial year. grants were awarded by".
Friends of the Armitt to support a new gallery display
Museum Development North West for supporting further lighting upgrade worf<s
Sporting Heritage to develop a teaser trailer to adverhse a new exhibition
Museum Development North West for supporting audien￿ engagement work which conlributed to the planning
and development of a 2024 display
David Snowdon Trust for supporting a new 2024 gallery ￿diSplaY and the recwitment of an artisvpraclilioner to
plan. deliver and evaluate portraiture workshops with schoollcollege groups
The staff and volunteer team are essential to the smooth running and operation of The Amitt throughout the year.
Volunteer numbers have remained constant along with the same number of full lime and part time staff present.
Their roles include covering front of house. events. mat1(eting. collections. dvJTrtisation and research.
In the last financtal year. The Amitt saw an increase of 38.8% in visf(or numbers for general admission. events or
as part ol group bookings. The general admission visilors We￿ 5% local. 25°h inlemational and 70Vo UK. This
change is likely accounted foi in the rise in internation81 visitors conneoted to the Charlotte Mason exhibition. The
events audience ¢ontinued to be predominantly Cumbrian focused. ensuring we work to support local community
interest. and 9roup booking51out￿aCh talks were mixed be￿n wach operatots and local group requests.
Page 5

ARMrrr LIBRARY AND MUSEUM CENTRE
Twstses Report for the year ended 31 March 2024
Whilst thg increase in visitor numbers is positive, the￿ a￿ still financial chaienges to sustainability. There were no
large fundraising activilies and revenue grants remain almost imposslble to raise. The cost of living wifft increases
on staff salaries, energy and materials affects operations and therefore The Amitt seeks allemative solutions lo
look towards maintsining the doors open for al.
In the early part of 2024 there is already eviden￿ of further growth in visitor numbers. To help meet rising costs
and to support the ongoing work of the museum the Truslee Board made the decision to raise admission prices
shortly after the year end. Grant applications continue to be made regularly. and partnelship work is a high priority
to place The Amitt amongst other supportive neiworks.
Developments during the year were..
Curated a commun¢ty exhibition that was opened in February 2024 that has re￿Ived earfy positive feedback. and
there a￿ plans for similar exhibitions in the next 2 years
Refomiatted the upslairs of the museum lo make better use ofthe space- primarily consolidating the library into
one librarylreading room and creats'ng additional exhibition spa￿.
Started a programme of dea￿ssiOn1￿9 as part of the Colleclions Care programme
Updated more lighting a¢ross the museum
Provided enhanced digital technology as part of displays
In the following months, The Armitt plans to build on what is has been doing already and hopes to establish more
new partnerships for exhibitions and programmes. acquire funding to support its aims and operations. work to
preserve, display and interpret ils collections for the public and find more opportunities to commit to a sustainable
ffnancial model.
The Truslees would likè lo pay tribute to Charles Nugenl who died in November 2023. Charles was Chair of the
Board of Trustees for a period and made a great contribution to the museum and library's knowledge of its
collections. in particular on athorks. books and conservation, and made significant donatsons to assist with
acquisitions and their conseThation. He was a strong supporter of the museum's local profile and fvndraislng. and
wa5 generous with his time alongside his financial supporL
Small company provisions
This report has been prepa￿d in accordance with the small companie5 regime under the Companies Ad 2006.
Approved by the Board
17 De￿rnber 2024 and signed on its behalf by:
P R Lansbery
Trustee
Page 6

ARMITh LIBFLqRY AND MUSEUM CEHfRE
Trustees Responsibiltbes in relation to the Financial Stafrments
The trustees{who are also directors of the Armitt Library and Museum Centre for the purposes of company law) are
responsible for preparing the Trustees, Annual Report and the financial ststements in accordan￿ with applicable
law and the Financial Reporting Stsndard 102-'The Finanual Reporting Standard applicable in the UK and Republic
of Ireland..
Company18w requires the trustees to p￿pare financial slatements for eath financtal year which give a true and fair
view of the state of affairs of the Charity and of the incoming resources and applicats'on of resources. induding
in￿rne 2nd expèndtlure, of the Charity for Ihat period. In preparing these financial ststements. the trustees are
required to..
select suitable accounting policies and then apply them consistenty.
observe the methods and principles in Ihe Charities SORP.,
make judgements and estimates that are reasonable and prudenl
stat8 whether 8pplicable UK accounting standards have been foHowed. subj.ed to any material departures
disclosed and explained in the financial ststements- and
prepare the finan¢ial statements on the going concem basis Un￿$S it is inappropriate to wesume that th8
Charity will continue in business.
The trustees are responsibEe for keeping proper accounting records that disclose with reasonable arLuracy at any
time the financial position of the Gharitsble company and enablethemto ensufe that the financial statements comply
with the Companies Act 2006. They arealso responsible for safeguarding the assets of the Charity and hen￿ for
taking reasonable stsps for the prev8ntion and detection of fraud and other ir￿ulatItie5.
Page 7

ARMITh LIBRARY AND MUSEUM CENTRE
Independent Examinerfs Report to the trustees for the year ended 31 March 2024
I report on the accounts of the charity for the period ended 31 March 2024.
Respectlve responsibilities of twstees and examiner
The trustees (who are also Ihe directors ofthe company for the purposes of company law) are
responsible for the preparalion of the accounts. The trustees consider that an audit is not required
for this year under section 144<2) of the Charilies Act 2011 {the 2011 Act) and that an independent
examination is needed.
Havin9 satisfied myselfthat the Chartty is not subject lo an audit under Part 16 ofthe Companies A¢t
2006 and is eligible for independent examination, it is my responsibility to-.
examine the accounts under Section 145 of the 2011 ACL.
follow the procedures laid down in the General Directions given by the Charity
Commission under section 14515) (b) of the 2011 Act.. and
State whether particular matters have come to my attention.
Basls of Indopendent examinefs report
My examination was carried out in accordanc2 wtth the General Directions given by the Charity
Commission. An examination includes a review of the a¢¢ounting records kept by the charity and a
comparison of ihe accounts presented wtth those records. It also indudes condsideration of any
unusual items or disclosures in the accounts. and seeking explanatson5 from you as trustees
concerning any such matters. The PrO￿dureS undertaken do not provide all the evidence that
would be required in an audit and consequentty no opinion is given as to whether the accounts present
a 'true and fair view and the report is limited to those matters set out in the statement below.
In connection with my exarnination, no matter has come to my attention..
11 } which gives me reasonab￿ ¢ause to believe that in any matenal respect the requinnents..
to keep accounting records in accordance with section 386 of the Companies
Act 20C6". and
to prepare accounts which accord with the a￿UntIng records. comply with the
accounting requirements of section 396 of the Cijnpanies Act 2006 and wilh
the methods and prTrnciplès ofthe Slatement of Recommended Pracb'ce..
Accounting and Reporting by Charities
have not been me( or
121 to which, in my opinion, attention should be drawn in older to enable a proper understanding
of the accounts to be reached.
Martin Bo
aile, ACA
Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Mcntgomery Way
Rosehill Estate
Carllsle
CA1 2RW
17 De￿mber 2024
Page 8

ARMITT LIBRARY AND MUSEUM CE￿[RE
Consolidaled Slalemenl of Finanual Aclivrties linduding Income and EXpendilU￿ Account) for the year ended 31 March 2024
UnTestri¢ted
Fund$
Restrlcted Totsl Funds Total Funds
Funds
2024
2023
Note
Income and trndovmients from:
Donations and legacies
Charitable activities
Other trading income
Interest received
Total inconie 8rMI endowrnenl$
22.030
43,170
4,498
708
27,390
49,420
43.170
4,498
708
66.645
32,705
20,412
159
119,921
27.390
Expendlturg on:
Raising lunds
Charil8ble activities
Total expenditure
5.289
104,560
109.849
5.289
130,998
136.287
5,802
115,412
121214
26.438
26,438
Nel incomÈllexpendituTe)
{39.443)
952
138,491}
(1,293)
Transfers between funds
13.338
Nel movement in funds
(26.105}
112.3861
138,491)
(1.293)
Ro¢onciliation of funds
Total funds brought forward
Total funds carried forward
533,493
507,388
109.863
97,477
643,356
604,865
644,649
643,356
l of the GTQUP'S activities derive from conlinuing operalions during the abo¥e periods.
Page 9

ARMirr LIBRARY AND MUSEUM CENTRE
Consoltrjated BalancE she61 at 31 March 2024
2024
2023
Nolè
Flxed assets
Tangible assets
Heritage assets
10
11
363.735
161.682
525,417
374,395
161,682
536.077
Current assets
Stod<5
Debtors
Cash at bank and in hand
1.250
2.938
87,919
92,107
1,350
7.525
114.030
122,905
12
Creditors.. Amounts falling due within one year
13
12.659
15,626
Nel current assets
79.448
107,279
Not Illabiiiiles)lagsets
604.865
643,356
The funds of the charlty:
Unrestricted funds
Restricted funds
507.388
97.477
533,493
109.863
Totsl charity funds
15
604.865
643,356
For the financial year ended 31 March 2024 the charity was entitted to exemption from audil under section 477 of
Tru51eès' responsibilities=
- The members have not required the company to obtain an audit of its accounts for the year in question in
- The trustees acknowledge their responsibilities for Gomplying with the requirements of the Act wth respect lo
These accounts have been prepared in aG￿rdants the provisions applicable to companies subjecl to the
Approve(I by the Board on 17 December 2024 and signed on its behalf by..
P R LANSBERRY
Trustee
Page 10

ARMI￿ LIBRARY AND MUSEUM CENTRE
Balance Sheet at 31 March 2024
2024
2023
Nots
Fixed assets
Tangible assets
Heritage assets
10
11
363.735
99.396
463,131
374.395
99,396
473.791
Current assots
Slo¢ks
Debtors
Cash 81 bank and in hand
1.250
2,938
60.995
65.183
12
7.525
75,322
84,197
Creditors.. Amounts falling due within one year
13
12,6591
15.625
Nel current assèts
52.524
68,572
Net (liabilitles)lassets
515,655
542,363
The funds of the charlty:
Unrestricted funds
Restricted funds
507.388
8,267
533,493
8,870
Total charlty funds
15
515,6S5
542.363
For the financial year ended 31 March 2024 the charity was entitled to exemption from audit under
Trustees, responsibilities-
The members have not required the company to obtain an audit of its accounts for the year in qyeslion in
The trustees acknowledge their responsibilittes for complying with the reqtsirements of the Act with respect to
Thesè accounts have been Pfepared in accordance with the provisions applicable to companies subject lo the
Approved by the Boatd on
De￿mber 2024 and
gned on its behalf by.
P R LANSBERRY
Twstee
Page 11

AR*AT￿￿8RARy AND MUSEUM CENTRE
N¢lestolhe Fwwcial Statem*forlhe year enrf￿ 31 Aqarch 2024
Ae¢¢untlng Poflctes
G*ngral Informaiftsn
Amltt Lthraryand MusÈwn Centre is a pnvate comwy linwed by guarart¢e in England VWaJe5. The ￿dresS ofthe regi51ertd office 1$ gi¥ert in the
¢harty inlom*h)n on ther￿St page ofthe5e fin*)Ck￿ statements. The nthre of Ihe Arnfftfs op*atiorts wyiwl 8Ctfvitiès are dela4J8d on page I
ofth8Be finaficial 5WEmÈnt&.
Summary of slgntffcanlaccounttng poll¢ÉÈs aftd key ae¢ounlxg estlFrÈates
Ttte prfncipal occountng poSoe5 sthied in the prep**v)n of1hesefina￿8I 51atery￿nts are 5tt out bÈb4. These poScies havt been wn$lgtenUy
applled to Bllthe years presenled. unless o¢hen¥lsesiated.
StAtpm¢ni ￿ ¢omptJan¢e
finanL?818l#tements have bÈe* prepared hi *x(¥d￿thAcc0Unkng and Rewlffi9 by CharflEs". StatEmBTrl of Recommended Pra¢tt¢e
IpplrAbte lo thar￿￿$ preparingtheir ecwjnts Tr) Ihe Finaocd Repty1￿￿ St*dard appE￿￿ knthe UK and RepubU¢ of Ireland IFRS
1021 l*ffe¢twe 1 January 2019)- Icharfties SQRP IFRS 1D211. the Rewtslg S18ntt•d 8pp&tabl8 ￿ the UK and Rewbuc ol Irdsnd IFRS 1021
and Ihè Compante$Ad 2tx)6.
BasJs ol prepat411
Thè Gh8rity meelsthe delknrt￿n ol a pubk benefi g￿llY urbYerFRS 102.Assets *d *e m￿Ny1È¢t￿ft￿edét htst¢rlcal cost or tr8ns¥tloft
value unkss OlA￿se staled in thè relev8ni aCco￿kn9 pdky note&
Golng concem
Tbe f￿an￿￿1 statements hawe been prep3rpd m agonig wnc*m basL4 85 Ihe dwe¢ltyS exFedthe r•mp2nywW De a￿e lo savsty tts IlablHtle5 as Ihey
fall due. The companls atslity lo Irade ts dependen( upon Ihe 511PPQrt ttf #StFuthÈsand Olher fvnd8r5. Kthls a55urnpt￿ prove51o be In3pprgpri*e,
then adiustTrnts may haveto be made to 2diustlhe ¥a￿e l￿aSSetst0¥￿tr recoYernbkn4rryJ￿. IQ FKovidÈ for artylur￿er1labllrt￿S %thich ovghl arlse
ènd rEclas$Yy fixed aE$eis as t￿8n1 assels.
Fvnd aceouming poltcy
Unrp$lricted ￿lCome funds arp genèr8tfunds thalwe8vaO8blef(r Use al the Intsteegdweknm in fIJnhe￿ce ofihe obie¢tives of the Chariiy.
Furlher detai15 •f each fund are ¢JiscJ05ed ￿ notè 15.
Income and endowmients
DOn&t￿nS 6￿ recognlsed when the Chwfy has ￿¢t￿￿d elbolh the arnDunl and 5elUement dale. In Ihe e¥enl that a d¢fftalon Is sub*cl
10 e?nditions thal require a ￿Ve1 of perforMar￿8 by the Clwty before Ihe Charty tothe fvnds. the irtEr¥fE i5 defe￿ts and nol recvgnised
unlil erfherlh05& ￿ndittOns are Or1￿ [￿￿￿nI ofthosetondtt￿s w#kn the CA)r￿al tsflhè CPAr%ty and probab￿ t1￿* thes&
condrtknsvAJI be fvmiied kn the rnportlng perk>d.
Inveslrnent ￿erme ts recognlsed a receNatrk Ws.
Incorne frtsm charitable activrtios indudes incomè Fecogni58d as eamed 135the rebled yolld5 Qr 5e¥vke$ ate WOYHaed) un¢ercJJntra¢t.
Expondlture
Liabilrties are r¢￿9n￿ 8$ soon 8Sthere 15 a fegatfjrcon*wthe Ob￿gatin (**iylolhe exwdttL#* All expendnwe Is accounled
foron anattNals basts aftd has been dassfv undwheathgsthat agyregate tosts relaied Ictlhe Categ￿Y.
Cests ofgenerating fvnd5arpthe CDSt5 oflr¥thw lorkndrakwg FA¥poses.
hE14tablg expenditure comprises those c05ts wruJrrEd bythe Cfvity fftthe delr4ery of rt58th4ies 6nd serviEe5 its b¢nefio*les.11 in¢lude$
0$15thai ¢a) be 81bcated dared￿10 such acti¥H*s Ihose costs of an indired nature necessary io support Ihem.
Support¢Psts
Support C¢sts ￿dUde Gentral fthdions and have been awed t&¥tNty Categor￿ on ab351s consiStentwth Ihe ofresuwces, forexamp*.
•lkn¢aiiny property cost5 by ftoorareas. or pereapha. siaff C£TrSts by Ihetime 5peiii and olhÈr¢o4s bylheir usage.
Tax￿0￿
The C*arAy ¢oDsideredto passthe les¢s $0t kn PaFagrW I SthÉd%￿e S ofthe Fwww* Acl 2010 xndlherefore it mpels Ihp defusit￿ft of a
thanl8ble compariyfor VK WLYal*Jn 18x purposes the Ch*ity L8 porentlaty oxemptfrom twtion ￿ resF%¢t of nwmp or rapi￿1 g￿n$
received wrfhth c8te9OriBS covered by Chapter3 P*t 11 ofthe corporat￿ Ta¥ A# 2DIOor SedMy1258 o1lheT8xal￿)n ￿ ¢hw9eable G8thsAct 1992,
lo the extenllh* tslcome of are appfjed exth$Netyto ch*dabl8 wrp05e&
Fixpd assets
Indivldu81 r￿ed a$sel$ costiry rrrfjrè Ihan £10) we rEctyded at ¢1￿.
Depreclatlon
Depreuation is P￿￿¢￿t￿l￿g￿ti￿ffxed 3s58ls so as t0vNts off the ttjst Cf vabjabx. le55 esltsn*ed res￿￿#1 value. overtheweypeded Useful
erA)nOM￿ lrfe as fol￿.
Leasehtsjd burfduig
Planl. iurtures. frtlin95 and equ[gry￿nI
The leasehDW bufidhg Is erecled w IEasehokt l*)d held al a Pepp￿cL￿n rent
50 ye*s ￿ra191￿ U
elv￿en 3 and 10 years straw
H¢rltage assets
HÈriiage assets are Trcoynls¢d ènthe baLqrKe sheei£nd inttialty measure¢t 21 Cost pwch85ed OT rfdonated.thelr Wa￿a1￿XI. A55ets are
subsequenlty st*d at cost or Vatuath￿ kss 3ccumul*eddepr*aiknft and acuts￿￿aled losst$ ilne¢ess8ry. Fatr value$for arty dona
assets are pslimaled by refer¢nceto m*ket (¥*es.
ere inf0m￿[9n on lh8 cosl orvaluation of heriage a$￿S ts nol avaiLqble or the c051 dprovid4u gjth irrf#rm8iton S￿￿￿an11￿ oufvRlgh$ *ry
benEfrt tiy thtr usws of the ac¢ountsthen her11￿e 85sels a￿ nol le￿￿15ed on1he tsalan￿ sheeL
Acquisition$ only arise when dthaied to Ihe cw or Is beneved lhzlthey￿*lW1heKthe Chariiys obl￿￿¥e5. Qnc88cwired theywll be wegwved
by the Charty In ¢yderto keep Ihe¥hthrical. artislic. stieniifjc. tethnolog￿l, 9eothyskal or environmental qu#frt*$ to svth a high l¢vel a$10
¢oninbuie to knowkdge cunure. A regtslar 01￿1 asse1$ he￿ bilhe Chatty is avadabk Wlhe assets Ihem5etves are acCe￿ble lo the publlcwrfh
pllor agreement. Heritage assets arelo be hebl lortt* iDrÈsÈeablefulurt.
Slo¢k
Si¢¢k Is valu8d at Ihe kntrof ¢ost and nel rethable vakr. afier due TeuaTdfor ubsokie W sbxv movTng stccks. Net re81158b￿ valre Is based on
selllng price ant￿pated co8ls to atxl selirwj ttsts. hem$ donated forresak ordithutiLM are induded in thtrfinan¢lal st*Èmenls
n￿1 Ihey are sold QTdistDb￿ted.
Page 12

AFiM1￿ LIBRARY AND MUSEUM CENTrE
Nole51o Ihp Financ￿1 statem￿ lortheywer*led 31 M3r¢h 2024
Trade Dpbtor5
Tfgde debtors areamounts due from Cuslornets fLv Meth￿L*e 50W orservkes perfo￿ed •sthe oYdiTrarycourse of I￿Siness. Trade deblorsare
retagnk8ed Initlaltyat thtr tran58dioTr rrfice. They are subsequeniiymeaswed * amort￿d c(bSI Using 1he effediv¢ wEterèst mtlhod. te5s provi$ior4 for
Impait5ne#i. A provi5iw fvTlh¢ impaitmefti of trade debtors is e5tsbkshed 15 obJpthe evHlerKe that Ihe ChwtyiJrfl ntsi bo 8ble to Co￿e￿ 811
amDuni$ due 9￿rdIng 10 1heor￿1naI lerms ufthè re￿Nab￿s.
¢ash arjd Cash Equfvalents
Cash and Cash equivaknts cemprtse cash on hand arKI cal depos#s, and olher #￿merMh￿￿ty Ib]Lwd inv¢stmentsthdl art read*￿ coryvertlbk lo
known ￿QL￿l of t*sh 8nd sublectto an ofch*ge ui Yah*.
Tradè ueohors are obl￿￿10￿¥ to pay I￿9(￿5 orservKesthat have been xqured ¢)ldpi￿ CQLtrse of bu&nessfrtsx supp￿15.
payable are d3ssrfied 85 currenl lablities rflhe CW noi have an uncondrfiond T￿1. al the end of Ihè reportthg period. 10 detersettlemenl tsf
the creddorloraf leastlwefva month$ ali¢Tthé reportthg (181e." Irtiwp Is *Funcondttkni*TWliO d¢ferseItterwthJttr￿*￿tWthe months ofterthe. ,,
porllny date. Iheyare P￿sented as nL￿￿1rent l￿bilit*S
Trade ¢rÈditors are recwtsed inllatyal Ihe transac11¢￿ prtt armd ￿bsequen￿y￿￿Wed at ¥&nOTtEed CO￿ UsAig1￿ effediuE knteresl method.
Pensl¢ns
The Chartty operales 3 defined ccrtrfbutknn sch*De. Contiibuth￿5 are oiargEd thlhe StateD￿nt offNarKialarJi¥it￿5 4$ they becorne payab
ac¢ordancewith Ihe rubsofthe scheme.
on¥clldal10
C¢nsoId81i￿ ffftantr81 ￿￿ternents haveten pr¢pared on a kne by fme bè*S ¥¥ with FRS102 Ihp Charl￿¢$ALl 2011.
The consolwJ8ted fnan¢Kil *atements kncofpDrétèlhe actounts ol..
. Armitl Librtsry and Museurn Centre, the chaTrtable crxnpwy lThè ciiarrty)
. Th8 knjlt Collectbn TtU< 8nunincorr￿r3tert linked ch*fjty Ilhe Trusil.
2 Donallons 8nd ltry4¢lpJ
UnTeslrf¢ted Restrfctéd Tot81 Fmd&
Funds
Funds
2024
Totsl Funds
2023
Donations and legades
OthEr gr#fil$
1B.780
3.250
18.8DS
30.615
37.498
29,147
i￿#t￿M3 and grfls
Z7.390
49.420
66.645
(Y thèvoknntsry inrotro k) 2023E41,r02 relalwt ic+resirthdlunds.
3 ThÈArmltt Colle¢tlon Tru5t•¢lvEtle8
Utw•strt¢fed
Funds
ReslilGted
Futtrfs
Tolat Funts
2024
Totsi Funds
2023
Donat￿n5 and glR5
Granls
Inveslment iicome. wfiere*
7.076
7.076
Anlunds Tathg lothB Amiti Collecth)n fNsl are restiithluntsfwthe purposes of these staterrmts.
4 Charltsbl# a￿fv￿•S
unles￿l¢t￿d
Furtds
Restiirted Total Fund$
Fund$
2024
Total Fund5
2023
Admrssltsn charyes
Sales of goods and seNiEes
29,356
13.814
21,S09
11,19S
13.814
43,170
orim kncomefrom dbaiitablE athit18s in 2023. Enil iel*d to FEstsKIEdfw)d
S Othprtrndlng aetlviie6
Unrestrrctrd
Funds
Restr1ctod
Funds
Yotal Funds
2QZ4
Total Funds
2023
Sales of goods 2nd Serv￿
Fund.ralsiftg events
4.498
4,49B
3,896
16.516
Ollheother iicome ￿1207￿, £na relatedto reSI￿ed fw
Page 13

ARMtrT LWRY AND MttsEUM CENfRE
Aestothe St*meTrts IoTthe yewended 31 M8rth 2024
6 Expendliurfr
The Amiitt
Collectlon
AL￿ Total FurKIs
2024
Totsl Fund$
2023
Raisinu funds
Advertistng and pubh'cètion (4%515
Cost Df goods sold
3.661
1.828
5.289
3.681
1.626
5.289
4.519
1.283
5.802
Charltable actfviti86
Diiect Costs
Slaffcosts
cost of go¢ds for FNimary purpuse Sates
Con$erwation ¢¢sts
and event costs
56.883
3.798
4,692
56.883
51.2Qg
3.798
11.8oa
2,994
7A10
7.116
17.014
82,387
17.014
89,S03
9.324
7.116
Support Costs
DÈprerAati¢n
Rates andiY**r
Insuran
gm and heat
Repairs and maintenanc
P05tago slalionery and S￿d￿e5
Talephone 2n(1 faK
IT costs
Subscrtpllons
8ank Snlerest
Pank thargtys
19.644
1.079
3.861
4.183
2.801
1.651
189
4.698
1.204
19.644
l.D79
3,861
4,183
2,801
1,651
189
4,F98
19.475
2,338
4.096
3.749
4.139
616
5.808
1,006
382
39.695
382
39.695
568
42.159
Govem8nce tosls
Independent Ex¥rnipolio
LE￿ lee¥
1.800
1,800
1.86
456
2.316
1.800
1.800
123.882
130.998
715412
Induded e%pendXure Irom reSt￿le￿ funOsa5 fol¢y¢Js".
EXI￿L￿lL?￿ costs
PubJi¢aiion ctys
2.150
2,150
419
1,500
Garden cost5
245
Nature NoteboDk
4.109
4.109
Di￿11$allOn cost$
on5ervthn costs
1.95Q
450
4.692
4,692
R￿penIng grar
Equipmenl Funds
Training and ern￿oYment gr•)t
Thekn#tt ¢oJ18c15on Trust
239
1,515
7.116
7 Tr￿lee5. remunernfson and exponses
No Iw51ees Eecei¥ed any remunektion durirKJ the ye*. Or*tru*ee was re¥rt>uvsed forlfavthg Costs of £195 ¢Juring the year12023-
£871.
8 Netexpendlture
Nel expenditvre is stated 8ft8r charging..
Totsl Funds
2024
Total Funds
2023
IndeperJdenl examinetslee
Depredation of langiLle fixed atssets
1.800
19,644
1,860
Page 14

ARMf￿u8RARy AND MUSEUM CENfRE
Nolestolhe Fffjanciel Stalernentslorthe year ended 31 2024
9 Empltyyoes, Yemun¢vatlon
The average m¢rtNy numJ)Brof ¢mpWesdurng Ihe ywvA5:
The aggregat& paymll ¢4stsofthese K*rson$were asldknys:
Totsl Funds
2024
Tolal FuEhds
2023
Wage5 and $8laries
SO￿01 securfly
other PBnson ¢e8ts
55.972
50.608
911
601
56.883
51.209
No employee fewved emdumenis d rnore than£60.I*X> durirtgthe yèar.
Th& key m8nagernÈnl person[￿1 ¢oryrtselhe Trustees and the manageFlwalOT. Tbelota erFyJoyee tenefit&of the key mana9ement
personnel ¢>rthe Ctrfjrily were £37.10212023- t30,9231.
10 Tangible fLxèd #ssets
Group 2nd Charty
PFknt, F¥xlUT05.
ffttithgs and
t4uSpment
Leasehtyld
buildlnos
Total
As at begim)Ing of Fenod
Additlons
Disposds
As*lenddyri
641,67Y
110,347
P.984
18.473
100 858
7S2,226
8,984
742.737
Deptsciatioll
As at beginning of period
Elirninat8d ¢n disposals
Ch¥ge forthe y
A$ al end c4 petf¢d
324.147
53.684
118,4ni
6.806
42.017
377,831
118,4731
12.838
336.985
Net book value
As a131 MHrth 2024
As al 31 M8rch Z023
S63 735
374 395
11 H¢iit•ge ass•ts
Gr•up
C05t
As at bwnning of period
Addiliotts
Dispos815
As Èl 6nd of period
161,682
161.682
Charity
¢oyt
As at be91ft￿ng of penod
Adé"rfiMs
99,396
5ptssJs
As ￿ end ¢f ptrnod
99,396
Heri18ge 89set5 held compri% i¥otks of*rt. phoiegraph5. bu￿￿5 and otlEr *rrnlar item5 dortated lo OF purthosed by Ihe the Atmilt.
arilag* assets hetd pAorto 1595 have not been vdued as Ih¢lruaeescon¥dertha rost of obtaning sud¥ a valuation b¢
disproportionate lolhe benefit lo Ih¢ Amttt. YhereYM& no di5PDsals during the ye¥12023: ar￿ no tharge5 for irnptimwnt ar*
coll*derEd nÈL*sssry.
Henlage a5SStswilh aV￿ut or c05t at ocquI￿lIOn ofless than EIOD We Mt r3r*4isEd (knp50fhwTh8yeassets awipd as
Collèthions aTetapitaised the cotthned value exceeds £100.
Page IS

ARIAfry LIBRARY AND MUSEUM CENTrE
Notes tts1￿ Financi￿ Ststements lorthe year ended 31 March 2D24
Summary Of movements in heiitage assets
Group
Purthases
Cljarlty
PU￿hase$
Ognallons
Donatlons
2019 L0¢818rtefads and &rchive
6,230
4,600
380
4,600
2020
2022 Fine Art
Local artefacts aY¥J athives
10.600
10.600
630
630
2023 Fin¢ Art
11.275
11,275
2024
12 Debtors
Group
2024
2023
Other debtors
Prèp8yments and ac(Jued ineorne
1714
224
2,938
7,135
390
Charity
2024
2023
Amounts tswed Irgm group undertakinos
Other debtors
Prepayments and aeryued In￿rne
2,714
224
2.938
7,135
390
13 Crfrditors= Amrjunts falling due within one yeaT
Group
2024
2023
Bank overdrafis
Other creditors
A(xYu8ls and defer￿d inc£￿e
9,685
9.550
6.078
15.626
12.659
Charity
2024
2023
Bank overdrafts
Arnounts ￿Ned to group undertakings
Other creflilors
A¢tyual$ and dèfetrsd income
9.685
2.974
9.550
6.075
15.625
14 Membe￿, Ilablllty
Thtr tha￿tY is a pnvate company Irmited by guarantee and consewenlty does not have Share Gqpital. Each ofthe members is liable to
contribut? On amount not exceedi￿ £10 towaFds the a$sÈts of Ihe r*arity in the eveni of l¥quidation.
Page 16

ARMI￿ UBRARY AND MUSEUM CENTRE
Notes to the Financial Statements for the year erKled 31 March 2024
15 Analysis of funds
Group
At
beginnlng Incomlng Resourcès
of period resources
expendod Trdnsfors
At ond of
period
Current p•rlod
Unrestricted funds=
General Fund8
Deslgnated Funds:
31,055
58.
(97.011)
13,338
6.378
317,732_
85.309
99,397
533.493
{12.838)
.304.894
96,719
99,397
507.388
Endowment Fund
Heritage assets fund
11,410
70.406
109,849
13,338
Restricted funds:
The Amitt Collection TTUSt fund
Amitt Exhibition
Nature Educ4tion fund
S¢hool Engagement fund
David Snowdon Trust Fund
Garden fund
Sustainable Improvement Grant
Altdience Development grant
Green Grant
Brfdges
Friends equipment grant
Conservation funds
100,993
(7.116)
{2,150)
{2.550)
(1.095)
(1,835)
{4.692}
89,210
2.150
2.550
8.000
12.362)
3,803
755
755
5.IXIO
2.000
4.000
2.000
1,120
2.000
27,390
97.796
{5,000)
{2.000)
(4,000)
(1,1641
(1,1201
836
5,565
109,863
643.356
4.692
26.438
136.287
13,338
97,477
604,865
The Armitt Collecbon Trust fund represents the funds held by that linked Charity. For the purposes of these
consolidated a¢¢ounts all such funds are hekj as restricted to separate the trust assets (as a linked charity) from
ALMC. The Armitt ColleGt40n Trust funds comprise..
2024
2023
Unrestricted funds:
General Funds
Designated Funds=
Endowment Fund
H6ri1age assets fund
13,684
18,351
11,744
62.286
87,714
11,744
62,286
92,381
Reslrided funds:
Conservation Funds
Education Fund
7,116
1.496
100 993
1.496
89,210
Page 17

ARMIIT LIBRARY AND MUSEUM CENTRE
Notes to the Finanaal Statements for the year ended 31 March 2024
The Endowment Fund represents funds raised to provide a secure long4erm financi& base for the operation 8fKI
development of the Amiitt Library and Mltseum by providing a sustainable income to support the operating
expenses.
The Schools Engagement Fund is to as51$t schools in visiting and engaging with the Museum.
Garden. Lighting, Bridges and Green Grant fvnds are to assist the acquisition of improved display and other
equipment necessary for the efficierrt operation of the Museum taking into account the effects of climate ohange.
The Sustainable Improvement Fund ts to support the development of the digital trail.
The Davld Snowdon Trust FuThJ is to support the Schwitters display and the portpituTr wothshop wlth schools and
colleges.
The Armitt Collection Booklet fund and the Arniitt Exhibition fund are lo improve the displays and infomiation
regarding the Museum and its founders.
The Nature Education fijnd is to promote events linked with the Charlotte Mason education methods in her
centenary year.
Thè Rapid re-opening and Trainee furKls are to assist wtlh additional working costs including stsffing following the
pandemic.
The Audience DevelDpment grant supports Ihe wnning Inf Feils exhibition.
Flood Recovery Fund is to assist with repairs and marketing following flooding.
The Conservation funds are donations raised to assist with the consetwation of the Collections.
Transfers
Transfers repiesent Ihe cost of the assets acquired under the tem)s of the relevant restricted funds.
At
beginning In¢¢)ming Resources
of period resour¢¢s
èxpended Transfers
At end of
period
Prior period
Unrestricted funds:
General ftjnds
Designated Funds..
Buildings fund
Endowment fund
Heritage assets fijnd
33.199
78.839
{95,098)
14,115
31,055
330.570
85,309
88.122
537.200
{12,838)
317.732
85,309
99,397
533,493
11.275
25,390
78.839
107,936
Restricted funds..
The Armitt Collection Tnjst fund
Armitt Collection Booklet fund
Nature education fund
Rapid revopening fvnd
Digilisalion fund
Garden fund
Trainee fund
Lighting improvement fund
Acquisitions fijnd
Amitt Exhibition Fund
Flood recovery funds
Conservation fvnds
100.877
7.076
1.500
2.550
{6.960J
(1,500)
100,993
2,550
239
(2391
11.950}
{245>
{1,5151
4.000
(2,050}
1,000
355
755
1.160
10.126
11,311
1.079
110,126)
{11.311)
1660}
(1,2431
1419)
1.243
2,280
41,082
119.921
450
13.278
121.214
5,565
109.863
643 356
107.449
644,649
25,390
Page 18

ARMI￿ LIBRARY AND MUSEUM CENTRE
Notes to the Financial Stalements for the year ended 31 March 2024
15 Charity
At
beginning Incoming Resources
of period resources
expended Transfers
At end of
period
Current perfod
Unrèstricted funds..
General Funds
Designated Funds:-
Buildings fund
Endowment Fund
Heritage assets fund
31.055
63.688
{97.011)
8.646
6,378
317.732
85.309
99.397
533.493
(12,838)
304,894
96,719
99,397
507,388
11,410
75.098
109,849
8,646
Restrlcted lunds..
Armitt Exhibition
Nature edu¢ation fund
Schools engagement fund
David Snowdon
Garden fvnd
Sustainable Improvement Grant
Audience Development grant
Green Grant
Lighting improvement funcl
Friends equipment
ConseNation funds
2.150
(2,150)
(2.550)
(1,095)
{1.835)
2,550
1.095
8.000
(2,362)
3.803
755
755
5,000
2,000
4.000
15,000)
(2.000)
(4.000)
11.164)
(1.1201
836
1.120
2,000
27,385
102.463
5,565
8.870
542.363
4,692
19,322
129.171
2.873
8.267
515,f 55
8.646
At
beginning Incoming Resources
of period resourGes
expended Transfers
At end of
period
Prlor period
Unreslricled funds..
General Funds
Designated Fund5-.
Buildings fund
Endowment Fund
33.199
78,839
(95.098)
14,115
31,055
330.570
85.309
88.122
537.200
(12,838)
317,732
85,309
99,397
533.493
Heritgge assets fund
11,275
25,390
78,839
1107,936
Restricted funds:
Armitt Collectton booklet fund
Nature education fund
Flood covery Fund fund
Digilisation fund
Rapid re￿penIng fttnd
G8rden fund
Trainee fund
Amitt Exhibition Fund
Lighting improvement fund
Acquisitions fvnd
Conservation funds
1.500
2.550
{1,5110>
2,550
1,243
(1,243)
{2,050)
11.9501
{239)
{245)
(1,515)
1419)
239
1,000
355
755
1.160
1.079
10.126
11.311
2.280
34.006
112.845
(6601
{10,1261
(11.311)
3.735
6.572
543.772
450
6,318
114,254
5,565
8.870
542,363
25.390
Page 19

ARmf￿ LIBK4R Y AND MUSEUk4 CENTRE
Nutes lo Ihe Financial Statements forthe year ended 31 Marth 2024
16 Net assets by fund
Group
Total
Funds
2024
Toial
Funds
2023
Unrestricte Deslgnated Re$tTi¢ted
d Funds
Funds
Fund$
Curr¢nt ptrrivd
Tangible assets
Heritage assets
Currenl assels
Creditors- Arnoun15 falling dLFe whhln one year
Nel assets
5B.841
304.894
99.396
96,719
363,735
161,682
92.107
12,659
604,865
374,395
161,682
122,905
15,82
643,35S
62,286
35,191
(39.803)
112.659
6.379
501,009
97,477
Total
Funds
2023
Totsl
Funds
2022
U#r¢stri¢t• Deslgnated Rgstricted
d Funds
Funds
Funds
Prlor peiiod
Tangible assets
Hgrit8ge assels
Current assels
Credilors.. Arnount5 lalling due within one year
Net assets
56.663
317.732
99.396
85,310
374,395
161.682
122.905
15,628
643.356
374.395
1fj1,682
122,905
15,626
644.649
62,286
47.577
19,982)
15.626
31.055
502,437
309.883
16 Charity
Total
Funds
2024
Total
Funds
2023
Unrestri¢te Deslgnat•d Restricted
d Funds
Funds
Funds
Current pèrlod
TangÉble assets
Herilage assets
Cunenl assets
CredrtOfS'. Amounts falling due within one year
Nel asse15
58.841
304.894
99,396
85.309
363,735
99,396
65.183
12,659
515655
374,395
99.396
84,197
15,825
542.363
128.3931
12.659
17.789
8.267
489.599
8,267
Total
Funds
2023
Totsl
Funds
2022
d Funds
Designated Restricted
Funds
Funds
Prlor perfod
Tangible assets
HeFilage assets
Cuffenl assets
56.663
317.732
99.396
374.395
99.396
380,227
88.122
90,296
114.873
543.772
{9.9821
115.625
31,056
8,870
84.197
15.625
542.363
Creditors= Amounts falling due within one yeai
Net assets
502.437
8,870
Page 20