==> picture [310 x 96] intentionally omitted <==
==> picture [250 x 114] intentionally omitted <==
==> picture [151 x 100] intentionally omitted <==
==> picture [76 x 93] intentionally omitted <==
Armitt Library and Museum Centre Trustees Report for the Year ended 31 March 2025
The Trustees present their report and the unaudited consolidated financial statements of the Charity for the year ended 31 March 2025 ~~.~~ The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2019 ~~.~~
The Armitt Library and Museum Centre (The Charity) is registered with the Charity Commission, registration number 1054762, and is a company limited by guarantee, registration number 03153895. The Charity is governed by its Memorandum and Articles of Association. 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 information required under the Companies Act 2006 for a Directors’ Report.
The Charity is the sole trustee of the charity known as The Armitt Collection Trust (The Trust), and the Charity Commission issued a linking direction with effect from 1 January 2019. The Charity and the Trust are known as The Armitt.
Objects
The Objects of the Charity are: “for the public benefit, to advance the education of the public, 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 artistic subjects, works and artefacts and in particular (but without limitation) those of the Armitt Collection” ~~.~~
Trustees
Trustees who served during the reporting year were:
AP Lonton P R Lansberry C J Scott T Cowen C C Blackhurst P JE Bradshaw C E Poulter
The Trustees are the Members of the Charity and are the Directors for the purposes of company law ~~.~~
The Trustees continue to seek new Trustees and are particularly looking to strengthen their connections with the local community and to broaden their marketing and revenue development skill-sets.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that appropriate systems are in place to manage those risks ~~.~~ Weare satisfied that those roles the Trustees are obliged to perform (being twelve general roles applicable to all Trustees and a number of specific roles dependent on Trustees’ areas of expertise) are being discharged appropriately.
The Trustees have had due regard to the guidance published by the Charity Commission on Public Benefit ~~.~~
Activities and Finance
The reserves policy is that the general reserve (reserves that are unrestricted and undesignated) should be not less than £20,000 based on three months’ core operating costs, excluding depreciation ~~.~~ At the end of the year the general reserve was in deficit by £16,887 (2024: £52,462 deficit), and the financial position is therefore closely monitored to ensure that The Armitt can continue to operate ~~.~~ There are also designated endowment funds of £108,464 (2024: £96,719) which are available to the trustees as required ~~.~~
Page 4
Armitt Library and Museum Centre Trustees Report for the Year ended 31 March 2025
During the accounting year 2024 ~~-2~~ 025, The Armitt continued to establish itself amongst the local community, growing the events/activity programme, and reaching further audiences through the tourist economy, educational institutions and other cultural partnerships.
The main exhibition in 2024 was our community co ~~-~~ curated exhibition called “Running Int’ Fells” ~~.~~ This was produced with the support of a local group of fell runners. It covered the history and heritage of this unique sport within the county of Cumbria (and historically Westmorland and Cumberland) ~~.~~ The display was supported by Sporting Heritage, who gave funds towards the development of a video teaser trailer which was released in the months leading up to the exhibition opening, as well as some fell running brands/businesses ~~—~~ Kong Running (Keswick), The Climbers Shop (Ambleside), Ultra Mag and Voom Nutrition. Alongside the exhibition was a programme of events including talks and demonstrations ~~.~~ Through this display, The Armitt was able to reach a wider local audience, many of whom had never visited before, and we saw visitor numbers increase as a result ~~.~~
Other exhibitions in 2024 included a display of Kurt Schwitters portraits and Beatrix Potter fungi studies called “Under the Microscope”. The former explored the life of Schwitters through the portraits he produced during his time in Ambleside and the sitters’ connections to the town ~~.~~ We were able to display eight portraits, some on loan to The Armitt. Additional support was provided by the David Snowdon Trust which went towards the design/print work as well as funding of an artist to facilitate portraiture workshops with local schools/colleges ~~.~~ The resulting art pieces by the students have been put into an online gallery which can be accessed on The Armitt’s website. In October we successfully acquired another Schwitters portraitfor the collection through funding by the V&A Purchase Grant Fund, the Art Fund and the Friends of the Armitt ~~.~~
The other display focused on Beatrix Potter ~~.~~ As we have done each year since 2021, we changed the aspect of how we view Potter, so this time it was about viewing up close and thinking about the environmental element ~~.~~ We included specially created artworks by 2024 resident artist, Nic Gear ~~.~~ Nic was supported by an Arts Council England grant to enable him to produce several of his own artworks inspired by our Beatrix Potter collection ~~.~~ These were then displayed amongst the Beatrix Potter fungi studies ~~.~~ We also obtained a loan of microscopes from Cumbria Biodiversity Data Centre to link in with how Potter would have studied mushrooms closely ~~.~~ These allowed visitors to view fungi samples in a similar way to how Potter would have done when she was preparing and writing her now lost paper to the Linnean Society ~~.~~
During 2024, The Armitt widened its partnership network through the businesses and brands linked to the exhibitions. The National Trust and the University of Cumbria remained important partners, along with the Friends of the Armitt.
To enable many of the activities ~~—-~~ events, exhibitions, projects ~~—~~ that The Armitt runs requires grants and funding to support both the activity itself and the building and display infrastructure ~~.~~ During the financial year grants were awarded by:
¢ Friends of the Armitt to support acquisition and installation of new water heaters around the building
-
Museum Development North for supporting further lighting upgrade works
-
David Snowdon Trust for supporting the design, print and lighting upgrades for our 2025 exhibitions
-
The V&A Purchase Grant Fund, the Art Fund and the Friends of the Armitt for supporting the acquisition of a new Kurt Schwitters portrait
¢ Westmorland & Furness Council for the creation and development of new assets in the form of “Escape rooms in a box”
- The Hadfield Trust and the Cumberland & Westmorland Antiquarian and Archaeological Society for the creation of the “A Battle of Ambleside” exhibition in 2025
In the last financial year, The Armitt saw an increase of 9% in visitor numbers for general admission, events and as part of group bookings ~~.~~ Although this is not as large as the year before, it does still show that we are continuing to expand and build on previous activities ~~.~~ For 2024, we noticed our general admission demographics had changed slightly ~~.~~ Our local audience increased by 3 ~~.~~ 8%, our wider UK audience also grew by 4% but our international visitors shrank to accommodate ~~.~~ This change is likely due to more people visiting for the fell running exhibition across the UK, and fewer internationals in comparison to 2023 when we had the Charlotte Mason display. Our events numbers grew by around 100 extra people in the last year, and we aim to maintain this into 2025 ~~-~~ 26 with more event offerings ~~.~~
Page 5
Armitt Library and Museum Centre Trustees Report for the Year ended 31 March 2025
Costs remain a challenge for The Armitt and as mentioned earlier, we do have to seek funding for most of our activities. Staff and volunteer numbers at The Armitt have remained stable, although there were some staff changes. Adjustments in the national living wage and employers’ national insurance have an ongoing impact on the organisation. However, the Board recognises the need to support staff and provide extra coverage in the museum and library. From the commencement of the new financial year, staff have been given extra hours each week to support the ongoing operations.
Our team of volunteers has also remained stable. They provide essential coverage to help keep the museum open, as well as carrying out various tasks in the background. In 2024/25 those tasks have included digitisation of parts of the collection, reviewing and auditing objects in our storage, and a range of other activities. In summary, over the last 12 months, The Armitt has: + Curated successful collaborative exhibitions that have altered our format of exhibition planning for future, with more co-curated displays in hand for the upcoming years + Continued a programme of deaccessioning as part of the collections care programme and transferred Anmitt Trust funds to Armitt Library and Museum Centre (ALMC) to support the care of collections further +» Reviewed and upgraded more aspects of the building for environmental and future sustainability as linked to the 2021 condition survey — including new hot water heaters, improved lighting and internal redecoration. There is also an agreed plan in place to phase in external repairs - Worked with more partners to increase our network of supporters and opportunities
The Trustees would like to thank all our staff, volunteers and other contributors, under Faye Morissey’s guidance, for their help and support. Without that we would not be able to operate the fascinating museum we see today. The early indicators from 2025 are once again positive. Foilowing a successful and beneficial co-curated community display on fell running, the Board approved plans for more collaborative exhibitions. The “Alfred Wainwright’ exhibition opened in February 2025 and so far has been received extremely well with growing monthly figures upon the same time in 2024. We're also looking to push the boundaries with events and consider other income avenues to help the organisation become more financially resilient and sustainable.
In the upcoming months, The Armitthas a number of projects in the pipeline which includes developing the 2026 exhibition and events plan with lenders and partners from national institutions, expanding the connections with the University of Cumbria into more of its academic departments, and targeting significant funding opportunities to further the business plan goals by 2027.
==> picture [454 x 118] intentionally omitted <==
----- Start of picture text -----
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on Specerp 5 1.2025 and signed on its behalf by:
P R Lansberry In C J Scottdy
Trustees
----- End of picture text -----
Page 6
Armitt Library and Museum Centre
Trustees Responsibilities in relation to the Financial Statements
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 statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including income and expenditure, of the Charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enablethemto ensure that the financial statements comply with the Companies Act 2006. They arealso responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7
22 December 2025
Armitt Library and Museum Centre
Consolidated Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2025
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Income and endowments from: | |||||
| Donations and legacies | 2 | 67,236 | 39,717 | 106,953 | 49,420 |
| Charitable activities | 4 | 48.879 | 487 | 49 366 | 43.170 |
| Other trading income | 5 | 4.595 | _ | 4.595 | 4.498 |
| Interest received | 1.168 | . | 1.168 | 708 | |
| Total income and endowments | 121.878 | 40.204 | 162.082 | 97.796 | |
| Expenditure on: | |||||
| Raising funds | 6 | 6,512 | - | 6,512 | 5,289 |
| Charitable activities | 6 | 114,065 | 15,706 | 129,771 | 130,998 |
| Total expenditure | 120,577 | 15,706 | 136,283 | 136,287 | |
| Net income/(expenditure) | 1301 | 24,498 | 25,799 | (38,491) | |
| Transfers between funds | 50.981 | (50,981) | _ | _ | |
| Net movement in funds | 52,282 | (26,483) | 25,799 | (38,491) | |
| Reconciliation offunds | |||||
| Total funds brought forward | 507,388 | 97,477 | 604,865 | 643,356 | |
| Totalfundscarriedforward | 559,670 | 70,994 | 630,664 | 604,865 |
All of the Group's activities derive from continuing operations during the above periods.
Page 9
Armitt Library and Museum Centre Consolidated Balance sheet at 31 March 2025
==> picture [442 x 354] intentionally omitted <==
----- Start of picture text -----
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 10 362,545 363,735
Heritage assets 11 __ 167,834 161,682
530,379 525,417
Current assets
Stocks 1,503 1,250
Debtors 12 2,909 2,938
Cash at bank and in hand 108,440 ___ 87,919
112,852 91,399
Creditors: Amounts falling due within one
year 13 (12,567) ___(12,659)
Net current assets 100,285 78,740
Net (liabilities)/assets 630,664 604,865
The funds of the charity:
Unrestricted funds 559,670 507,388
Restricted funds 70,994 97,477
Total charity funds 15 630,664 604,865
----- End of picture text -----
For the financial year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
Trustees’ responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. wey he Board on a 2025 and signedT by: C JSCOTT PRPeng/ Trustee Trustee
Page 10
Armitt Library and Museum Centre Balance sheet at 31 March 2025
==> picture [444 x 352] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|£|£|
|Fixed|assets|
|Tangible|assets|10|362,545|363,735|
|Heritage assets|11|105,548|99,396_|
|468,093|463,131|
|Current|assets|
|Stocks|1,503|1,250|
|Debtors|12|2,909|2,938|
|Cash|at bank|and|in|hand|108,440| 60,995 |
|112,852|65,183|
|Creditors:|Amounts|falling|due|within|one|
|year|13|(12,567)|__(12,659)|
|Net current assets|100,285|52,524|
|Net (liabilities)/assets|568,378|515,655|
|The|funds|of the|charity:|
|Unrestricted|funds|559,670|507,388|
|Restricted|funds|8,708|8,267|
|Total|charity funds|15|568,378|515,655|
----- End of picture text -----
For the financial year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
Trustees' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preperation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
AppJ d by the Board on er C J SCOTT Trustee
==> picture [127 x 79] intentionally omitted <==
----- Start of picture text -----
2025and signed gh/its behalf by:
P R LANSBERRY
Trustee
----- End of picture text -----
Page 11
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
1 Accounting Policies
General information
Armitt Library and Museum Centre (the Charity) is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is given in the charity information on the first page of these financial statements. The nature of the Charity's operations and principal activities are detailed on page 1 of these financial statements.
==> picture [445 x 489] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Summary|of significant|accounting|policies|and|key|accounting|estimates|
|The|principal|accounting|policies|applied|in|the|preparation|of these|financial|statements|are|set|out|below.|These|policies|have|been|consistently|
|applied|to|all|the|years|presented,|unless|otherwise|stated.|
|Statement|of compliance|
|The|financial|statements|have|been|prepared|in|accordance|with|Accounting|and|Reporting|by|Charities:|Statement|of|Recommended|Practice|
|applicable|to|charities|preparing|their|accounts|in|accordance|with|the|Financial|Reporting|Standard|applicable|in|the|UK|and|Republic|of|Ireland|
|(FRS|102)|(effective|1|January|2019)|-|(Charities|SORP|(FRS|102)),|the|Financial|Reporting|Standard|applicable|in|the|UK|and|Republic|of|Ireland|
|(FRS|102)|and|the|Companies|Act|2006.|
|Basis|of|preparation|
|The|Charity|meets|the|definition|of|a|public|benefit|entity|under|FRS|102.|Assets|and|liabilities|are|initially|recognised|at|historical|cost|or|transaction|
|value|unless|otherwise|stated|in|the|relevant|accounting|policy|notes.|
|The|Charity|has|applied|Update|Bulletin|1|as|published|on|2|February|2016|and|does|not|include|a|cashflow|statement|on|the|grounds|that|it|is|
|applying|FRS|102|Section|1A.|
|Going|concern|
|The|financial|statements|have|been|prepared|on|a|going|concern|basis|as|the|directors|expect|the|company|will|be|able|to|satisfy|its|liabilities|as|they|
|fall|due.|The|company's|ability|to|trade|is|dependent|upon|the|support|of|its|trustees|and|other|funders.|If|this|assumption|proves|to|be|inappropriate,|
|then|adjustments|may|have|to|be|made|to|adjust|the|value|of|assets|to|their|recoverable|amounts,|to|provide|for any|further|liabilities|which|might|
|arise|and|reclassify|fixed|assets|as|current|assets.|
|Fund|accounting|policy|
|Unrestricted|income|funds|are|general|funds|that|are|available|for|use|at|the|trustees'|discretion|in|furtherance|of the|objectives|of the|Charity.|
|Further|details|of|each|fund|are|disclosed|in|note|15.|
|Income|and|endowments|
|Donations|are|recognised|when|the|Charity|has|been|notified|in|writing|of|both|the|amount|and|settlement|date.|In|the|event|that|a|donation|is|subject|
|to|conditions|that|require|a|level|of|performance|by|the|Charity|before|the|Charity|is|entitled|to|the|funds,|the|income|is|deferred|and|not|recognised|
|until|either|those|conditions|are|fully|met,|or|the|fulfilment|of those|conditions|is|wholly|within|the|control|of the|Charity|and|it|is|probable|that|these|
|conditions|will|be|fulfilled|in|the|reporting|period.|
|Legacy|gifts|are|recognised|on|a|case|by|case|basis|following|the|grant|of|probate|when|the|administor/executor|for|the|estate|has|communicated|in|
|writing|both|the|amount|and|settlement|date.|In|the|event|that the|gift|is|in|the|form|of an|asset|other than|cash|ora|financial|asset traded|on|a|
|recognised|stock|exchange,|recognition|is|subject|to|the|value|of the|gift|being|reliably|measured|with|a|degree|of|reasonable|accuracy|and|the|title|to|
|the|asset|having|been|transferred|to|the|Charity.|
|Investment|income|is|recognised|on|a|receivable|basis.|
|Income|from|charitable|activities|includes|income|recognised|as|earned|(as|the|related|goods|or|services|are|provided)|under|contract.|
|Expenditure|
|Liabilities|are|recognised|as|soon|as|there|is|a|legal|or|constructive|obligation|committing|the|Charity|to|the|expenditure.|All|expenditure|is|accounted|
|for on|an|accruals|basis|and|has|been|classified|under|headings|that|aggregate|all|costs|related|to|the|category.|
|Costs|of generating|funds|are|the|costs|of trading|for|fundraising|purposes.|
|Charitable|expenditure|comprises|those|costs|incurred|by|the|Charity|in|the|delivery|of|its|activities|and|services|for|its|beneficiaries.|It|includes|both|
|costs|that|can|be|allocated|directly|to|such|activities|and|those|costs|of|an|indirect|nature|necessary|to|support|them.|
|Support|costs|
|Support|costs|include|central|functions|and|have|been|allocated|to|activity|cost|categories|on|a|basis|consistent|with|the|use|of|resources,|for|
|example,|allocating|property|costs|by|floor|areas,|or|per|capita,|staff|costs|by|the|time|spent|and|other|costs|by|their|usage.|
|Taxation|
|The|Charity|is|considered|to|pass|the|tests|set|out|in|Paragraph|1|Schedule|6|of the|Finance|Act|2010|and|therefore|it|meets|the|definition|of|a|
|charitable|company|for|UK|corporation|tax|purposes.|Accordingly,|the|Charity|is|potentially|exempt|from|taxation|in|respect|of income|or|capital|gains|
|received|within|categories|covered|by|Chapter|3|Part|11|of|the|Corporation|Tax|Act|2010|or|Section|256|of|the|Taxation|of Chargeable|Gains|Act|
|1992,|to|the|extent|that|such|income|or|gains|are|applied|exclusively|to|charitable|purposes.|
|Fixed|assets|
----- End of picture text -----
Individual fixed assets costing more than £100 are initially recorded at cost.
Page 12
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Leasehold building
Plant, fixtures, fittings and equipment
50 years straight line
Between 3 and 10 years straight line
The leasehold building is erected on leasehold land held at a peppercorn rent.
Heritage assets
Heritage assets are recognised on the balance sheet and initially measured at cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses if necessary. Fair values for any donated assets are estimated by reference to market prices or other relevant information. Where information on the cost or valuation of heritage assets is not available or the cost of providing such information significantly outweighs any benefit to the users of the accounts then heritage assets are not recognised on the balance sheet.
Acquisitions arise when donated to the charity and it is believed that they will further the Charity’s objectives. Once assets are acquired they will be preserved by the Charity in order to keep their historical, artistic, scientific, technological, geophysical or environmental qualities to such a high level as to contribute to knowledge and culture. A register of all assets held by the Charity is available and the assets themselves are either on display or accessible to the public with prior agreement. Heritage assets are to be held for the foreseeable future
The heritage assets contained within the Collections are reviewed periodically to ensure that all assets remain relevant to the purposes of the Armitt. Where it is identified that an asset is no longer relevant to the Armitt arrangements are made for it to be removed from the Collections in accordance with the appropriate procedures. Where possible such asets are made available to other appropriate bodies, with any assets not accepted under that process being sold for the benefit of the Collections. The proceeds of sale are held in a restricted fund for future acquisitions or maintenance of the Collections.
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Pensions
The Charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
Consolidation
Consolidation financial statements have been prepared ona line by line basis in accordance with FRS102 and the Charities Act 2011.
The consolidated financial statements incorporate the accounts of:
+* Armitt Library and Museum Centre, the charitable company (The Charity)
- The Armitt Collection Trust, an unincorporated linked charity (the Trust).
2 Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| £ | & | £ | £ | |
| Donations and legacies | 66,236 | 75 | 66,311 | 18,805 |
| Other grants | 1,000 | 39,642 | 40,642 | 30,615 |
| Donationsandgifts | 67,236 | 39,717 | 106,953 | 49,420 |
Of the voluntary income in 2024 £27,390 related to restricted funds.
Page 13
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
3 The Armitt Collection Trust activities
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Donations and gifts | - | 75 | 75 | 25 | |
| - | 75 | 75 | 25 | ||
| All funds relating to the Armitt Collection Trust are restricted funds for the purposes ofthese financial | statements. | ||||
| 4 | Charitable activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Admission charges | 36,201 | - | 36,201 | 29,356 | |
| Proceeds from disposals | - | 487 | 487 | - | |
| Sales ofgoods and services | 12,678 | - | 12,678 | 13,814 | |
| 48,879 | 487 | 49,366 | 43,170 | ||
| Ofthe income from charitable activities in 2024, £nil related to restricted funds. | |||||
| 5 | Other trading activites | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Sales ofgoods and services | 4,595 | - | 4,595 | 4,498 | |
| 4,595 | - | 4,595 | 4,498 |
4 Charitable activities
Of the other income in 2024 £nil related to restricted funds.
Page 14
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
6 Expenditure
| Expenditure | ||||
|---|---|---|---|---|
| Restricted | Unrestricted | Total Funds | Total Funds | |
| 2025 | 2024 | |||
| £ | £ | |||
| £ | £ | £ | £ | |
| Raising funds | ||||
| Advertising and publication costs | . | 4,752 | 4,752 | 3,661 |
| Cost ofgoods sold | . | 1,760 | 1,760 | 1,628 |
| - | 6,512 | 6,512 | 5,289 | |
| Charitable activities | ||||
| Direct costs | ||||
| Staffcosts | 638 | 59,649 | 60,287 | 56,883 |
| Cost ofgoods for primary purpose sales | . | 4,107 | 4,107 | 3,798 |
| Conservation costs | 5,640 | - | 5,640 | 11,808 |
| Exhibition and event costs | 8,144 | 2,896 | 11,040 | 17,014 |
| 14,422 | 66,652 | 81,074 | 89,503 | |
| Support costs | ||||
| Depreciation | - | 20,680 | 20,680 | 19,643 |
| Rates and water | - | 1,208 | 1,208 | 1,079 |
| Insurance | - | 4,273 | 4,273 | 3,861 |
| Light and heat | - | 5,309 | 5,309 | 4,184 |
| Repairs and maintenance | 1,234 | 4,762 | 5,996 | 2,801 |
| Postage stationery and sundries | 50 | 1,575 | 1,625 | 1,651 |
| Telephone | - | 171 | 171 | 189 |
| IT costs | - | 5,658 | 5,658 | 4,698 |
| Subscriptions | - | 948 | 948 | 1,204 |
| Bank interest | - | - | - | 3 |
| Bank charges | - | 1,002 | 1,002 | 382 |
| 1,284 | 45,586 | 46,870 | 39,695 | |
| Governance costs | ||||
| Independent Examination | - | 1,827 | 1,827 | 1,800 |
| - | 1,827 | 1,827 | 1,800 | |
| 15,706 | 114,065 | 129,771 | 130,998 |
Of the expenditure in 2024, £26,438 related to restricted funds.
7 Trustees’ remuneration and expenses
No trustees received any remuneration during the year. One trustee was reimbursed for travelling costs of £67 during the year (2024 - £195).
8 Net expenditure
Net expenditure is stated after charging:
Independent examiners fee Depreciation of tangible fixed assets
==> picture [91 x 48] intentionally omitted <==
----- Start of picture text -----
Total Funds Total Funds
2025 2024
£ £
1,827 1,800
20,680 19,643
----- End of picture text -----
Page 15
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
4
4
9 Employees' remuneration
The average monthly number of employees during the year was:
The aggregate payroll costs of these persons were as follows:
| The aggregate payroll costs of thesethese persons were as follows: | ||
|---|---|---|
| Total Funds | Total Funds | |
| 2025 | 2024 | |
| z | £ | |
| Wages and salaries | 59,191 | 55,972 |
| Social security | - | - |
| Other pension costs | 1,096 | 911 |
| 60,287 | 56,883 |
No employee received emoluments of more than £60,000 during the year.
The key management personnel comprise the Trustees and the manager/curator. The total employee benefits of the key management personnel of the Charity were £38,443 (2024 - £37,102).
10 Tangible fixed assets
Group and Charity
| Group and Charity | ||||
|---|---|---|---|---|
| Plant, Fixtures, | ||||
| Leasehold | fittings and | |||
| buildings | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| As at beginning of period | 641,879 | 100,858 | 742,737 | |
| Additions | - | 19,490 | 19,490 | |
| Disposals | - | (1,540) | (1,540) | |
| As at end of period | 641,879 | 118,808 | 760,687 | |
| Depreciation | ||||
| As at beginning of period | 336,985 | 42,017 | 379,002 | |
| Eliminated on disposals | - | (1,540) | (1,540) | |
| Charge for the year | 12,838 | 7,842 | 20,680 | |
| As at end of period | 349,823 | 48,319 | 398,142 | |
| Net book value | ||||
| As at 31 March 2025 | 292,056 | 70,489 | 362,545 | |
| As at 31 March 2024 | 304,894 | 58,841 | 363,735 | |
| 11 | Heritage assets | |||
| Group | ||||
| Cost | £ | |||
| As at beginning of period | 161,682 | |||
| Additions | 6,152 | |||
| Disposals | - | |||
| As at end of period | 167,834 | |||
| Charity | ||||
| Cost | £ | |||
| As at beginning of period | 99,396 | |||
| Additions | 6,152 | |||
| Disposals | - | |||
| Asatendofperiod | 105,548 |
Page 16
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
Heritage assets held comprise works of art, photographs, books and other similar items donated to or purchased by the Armitt. Heritage assets held prior to 1995 have not been valued as the trustees consider the cost of obtaining such a valuation would be disproportionate to the benefit to the Armitt. There were no disposals during the year (2024: nil) and no charges for impairment are considered necessary.
Heritage assets with a value or cost at acquisition of less than £100 are not capitalised. Groups of heritage assets acquired as Collections are capitalised when the combined value exceeds £100.
| Summary ofmovements in heritage assets | Summary ofmovements in heritage assets | |||||
|---|---|---|---|---|---|---|
| Group | Charity | |||||
| Purchases | Donations | Purchases | Donations | |||
| £ | £ | £ | E | |||
| 2020 | - | - | - | - | ||
| 2022 | Fine Art | 10,600 | - | 10,600 | - | |
| Local artefacts and archives | - | 630 | - | 630 | ||
| 2023 | Fine Art | 11,275 | - | 11,275 | - | |
| 2024 | - | - | - | - | ||
| 2025 | Fine Art | 5,152 | 1,000 | 5,152 | 1,000 | |
| 12 | Debtors | |||||
| Group | ||||||
| 2025 | 2024 | |||||
| & | £ | |||||
| Other debtors | 2,685 | 2,714 | ||||
| Prepayments and accrued income | 224 | 224 | ||||
| 2,909 | 2,938 | |||||
| Charity | ||||||
| 2025 | 2024 | |||||
| £ | & | |||||
| Other debtors | 2,685 | 2,714 | ||||
| Prepayments and accrued income | 224 | 224 | ||||
| 2,909 | 2,938 |
Page 17
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
13 Creditors: Amounts falling due within one year Group
| 2025 | 2024 | |
|---|---|---|
| & | £ | |
| Other creditors | 9,157 | 9,685 |
| Accruals and deferred income | 3,410 | 2,974 |
| 12,567 | 12,659 | |
| Charity | Te | |
| 2025 | 2024 | |
| £ | £ | |
| Other creditors | 9,157 | 9,685 |
| Accruals and deferred income | 3,410 | 2,974 |
| 12,567 | 12,659 |
14 Members' liability
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
15 Analysis of funds
| Analysis of fundsfunds | |||||
|---|---|---|---|---|---|
| Group | |||||
| Atbeginning | Incoming | Resources | Atend of | ||
| Current period | ofperiod | resources | expended | Transfers | period |
| £ | £ | £ | £ | £ | |
| Unrestricted funds: | |||||
| General Funds | 6,378 | 121,878 | (107,739) | 33,085 | 53,602 |
| Designated Funds: | |||||
| Buildings fund | 304,894 | : | (12,838) | - | 292,056 |
| Endowment Fund | 96,719 | - | - | 11,744 | 108,463 |
| Heritage assets fund | 99,397 “507,388 |
. 127,878 |
. (120,577) |
6,152 50,981 |
105,549 559,670 |
| Restricted funds: | |||||
| The Armitt Collection Trustfund | 89,210 | 75 | - | (26,999) | 62,286 |
| Friends Ofthe Armitt improvement grants | - | 2,684 | (1,026) | (1,658) | - |
| Museums Development North lighting grant | - | 1,500 | - | (1,500) | - |
| Education Fund | - | - | (479) | 1,496 | 1,017 |
| David Snowdon Trust Fund 2023/4 | 3,803 | - | (3,362) | - | 444 |
| David Snowdon Trust Fund 2024/5 | - | 8,000 | (841) | (2,332) | 4,827 |
| Grants foracquisitions | - | 5,152 | - | (5,152) | - |
| Garden fund | 755 | - | - | - | 755 |
| Hadfield Trust | - | 346 | (346) | - | - |
| Westmorland & Furness Council Escape room Grant | - | 14,000 | (14,000) | - | |
| Cumberland &Westmorland Archaelogical and Antiquarian | - | 3,960 | (3,960) | - | - |
| Bridges Fund | 836 | - | - | (836) | - |
| Collection improvement fund | - | 487 | - | - | 487 |
| Conservation funds | 2,873 | 4,000 | (5,692) | : | 1,181 |
| 97,477 | 40,204 | (15,706) | (50,981) | 70,994 | |
| 604,865 | 162,082 | (136,283) | - | 630,664 |
The Armitt Collection Trust fund represents the funds held by that linked Charity. For the purposes of these consolidated accounts all such funds are held as restricted to separate the trust assets (as a linked charity) from ALMC. During the year the Trust resolved that the assets and liabilities of the Trust, except the Heritage assets, should be transferred to ALMC. The transfer included the designated and restricted funds, subject to those funds being held on the same terms. The Armitt Collection Trust funds comprise:
| 2025 | 2024 | |
|---|---|---|
| & | £ | |
| Unrestricted funds: | ||
| General Funds | - | 13,684 |
| Designated Funds: | ||
| Endowment Fund | - | 11,744 |
| Heritage assets fund | 62,286 | 62,286 |
| 62,286 | 87,714 | |
| Restricted funds: | ||
| Conservation Funds | - | - |
| Education Fund | - | 1,496 |
| 62,286 | 89,210 |
Page 18
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
The Endowment Fund represents funds raised to provide a secure long-term financial base for the operation and development of the Armitt Library
The Friends of the Armitt, Garden, Lighting, Bridges and Green Grant funds are to assist the acquisition of improved display and other equipment The Education Fund is to support engagement with schools and related actvities.
The David Snowdon Trust Fund 2023/4 is to support the Schwitters display and the portraiture workshop with schools and colleges. The David Snowdon Trust Fund 2024/5 is to support the exhibitions in 2025 covering the "Alfred Wainwright" and "A Battle of Ambleside" displays and assist with lighting upgrades.
Acquisition grants are funds provided by the Victoria & Albert, the Art Fund and the Friends of the Armitt to enable acquisitions
Garden, Lighting, Bridges and Green Grant funds are to assist the acquisition of improved display and other equipment necessary for the efficient operation of the Museum taking into account the effects of climate change.
Hadfield Trust funds are for engagement and interactive materials to support the "A Battle of Ambleside" exhibition.
The Armitt Collection Booklet fund and the Armitt Exhibition fund are to improve the displays and information regarding the Museum and its The Westmorland & Furness Council funds are used to design, create and produce the "escape rooms in a box" as assets for The Armitt. The Collection Improvement fund represents the proceeds from the sale of objects previously comprised in the Collections but which are no longer relevant to the objectives of the Charity. In accordance with the requirements for accredited museums these funds may only be used for
acquisitions or to conserve the existing Collections.
The Conservation funds are donations raised to assist with the conservation of the Collections.
Transfers
Transfers represent the cost of the assets acquired under the terms of the relevant restricted funds.
| At beginning | Incoming | Resources | At end of | ||
|---|---|---|---|---|---|
| Prior period | of period | resources | expended | Transfers | period |
| £ | £ | £ | £ | £ | |
| Unrestricted funds: | |||||
| General funds | 31,055 | 58,996 | (97,011) | 13,338 | 6,378 |
| Designated Funds: | |||||
| Buildingsfund | 317,732 | - | (12,838) | - | 304,894 |
| Endowmentfund | 85,309 | 11,410 | - | - | 96,719 |
| Heritage assets fund | 99,397 | - | - | - | 99,397 |
| 533,493 | 70,406 | (109,849) | 13,338 | 507,388 | |
| Restricted funds: | |||||
| The Armitt Collection Trustfund | 100,993 | 25 | (7,116) | (4,692) | 89,210 |
| Armitt Exhibition | 5 | 2,150 | (2,150) | - | 7 |
| Nature Education fund | 2,550 | ms | (2,550) | - | 7 |
| School Engagement fund | 1,095 | (1,095) | 7 | - | |
| David Snowdon Trust Fund 2023 | - | 8,000 | (1,835) | (2,362) | 3,803 |
| Garden fund | 755 | - | - | - | 755 |
| Sustainable Improvement Grant | 5,000 | (5,000) | 7 | - | |
| Audience Development grant | 2,000 | (2,000) | - | 7 | |
| Green Grant | 4,000 | - | (4,000) | - | |
| Bridges | - | 2,000 | - | (1,164) | 836 |
| Friends equipment grant | 5 | 4,120 | ss | (1,120) | 7 |
| Conservation funds | 5,565 | 2,000 | (4,692) | : | 2,873 |
| 109,863 | 27,390 | (26,438) | (13,338) | 97,477 | |
| 643,356 | 97,796 | (136,287) | - | 604,865 |
Page 19
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
15 Charity
| Charity | |||||
|---|---|---|---|---|---|
| At beginning | Incoming | Resources | At end of | ||
| Current period | of period | resources | expended | Transfers | period |
| £ | 3 | £ | £ | £ | |
| Unrestricted funds: | |||||
| General Funds | 6,378 | 135,637 | (107,739) | 19,326 | 53,602 |
| Designated Funds: | |||||
| Buildings fund | 304,894 | - | (12,838) | - | 292,056 |
| Endowment Fund | 96,719 | 11,744 | - | - | 108,463 |
| Heritage assets fund | 99,397 | . | = | 6,152 | 105,549 |
| 507,388 | 147,381 | (120,577) | 25,478 | 559,670 | |
| Restricted funds: | |||||
| Friends Ofthe Armitt plumbing improvements | - | 1,142 | - | (1,142) | - |
| David Snowdon Trust Fund 2023/4 | 3,803 | - | (3,362) | - | 441 |
| David Snowdon Trust Fund 2024/5 | « | 8,000 | (841) | (2,332) | 4,827 |
| Museums Development North lighting grant | - | 1,500 | (1,500) | - | |
| Garden fund | 755 | - | - | - | 755 |
| Education Fund | - | 1,496 | (479) | 1,017 | |
| Friends Ofthe Armitt security grant | « | 516 | = | (516) | - |
| Grants foracquisitions | - | 5,152 | - | (5,152) | = |
| Hadfield Trust | - | 346 | (346) | - | - |
| W &F Escape rooms |
« | 14,000 | - | (14,000) | - |
| CWAAS | - | 3,960 | (3,960) | = | 7 |
| Lighting improvement fund | 836 | - | - | (836) | = |
| Friends Ofthe Armitt flooring grant | - | 1,026 | (1,026) | - | - |
| Collection improvement fund | - | 487 | - | - | 487 |
| Conservation funds | 2,873 | 4,000 | (5,692) | - | 1,181 |
| 8,267 | 41,625 | (15,706) | (25,478) | 8,708 | |
| 515,655 | 189,006 | (136,283) | - | 568,378 | |
| At beginning | Incoming | Resources | At end of | ||
| Prior period | of period | resources | expended | Transfers | period |
| £ | £ | £ | é | £ | |
| Unrestricted funds: | |||||
| General Funds | 31,055 | 63,688 | (97,011) | 8,646 | 6,378 |
| Designated Funds: | |||||
| Buildings fund | 317,732 | - | (12,838) | - | 304,894 |
| Endowment Fund | 85,309 | 11,410 | - | - | 96,719 |
| Heritage assets fund | 99,397 | - | - | 99,397 | |
| 533,493 | 75,098 | (109,849) | 8,646 | 507,388 | |
| Restricted funds: | |||||
| Armitt Exhibition | 2,150 | (2,150) | 7 | ||
| Nature education fund | 2,550 | (2,550) | - | ||
| Schoolsengagementfund | 1,095 | (1,095) | |||
| David Snowdon | 8,000 | (1,835) | (2,362) | 3,803 | |
| Garden fund | 755 | - | 755 | ||
| Sustainable Improvement Grant | 5,000 | (5,000) | - | ||
| Audience Development grant | 2,000 | (2,000) | - | ||
| Green Grant | 4,000 | (4,000) | - | ||
| Lighting improvement fund | - | 2,000 | (1,164) | 836 | |
| Friends equipment | - | 1,120 | - | (1,120) | - |
| Conservation funds | 5,565 | 2,000 | (4,692) | - | 2,873 |
| 8,870 | 27,365 | (19,322) | (8,646) | 8,267 | |
| 542,363 | 102,463 | 129,171 | - | 515,655 |
Page 20
Armitt Library and Museum Centre Notes to the Financial Statements for the year ended 31 March 2025
16 Net assets by fund Group
| Group | |||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total Funds | Total Funds | |
| Current period | Funds | Funds | Funds | 2025 | 2024 |
| & | £ | £ | & | £ | |
| Tangible assets | 70,489 | 292,056 | - | 362,545 | 363,735 |
| Heritage assets | - | 105,548 | 62,286 | 167,834 | 161,682 |
| Current assets | (4,320) | 108,464 | 8,708 | 112,852 | 92,107 |
| Creditors: Amounts falling due within one year | (12,567) | - | - | (12,567) | (12,659) |
| Net assets | 53,602 | 506,068 | 70,994 | 630,664 | 604,865 |
| Unrestricted | Designated | Restricted | Total Funds | Total Funds | |
| Prior period | Funds | Funds | Funds | 2024 | 2023 |
| £ | £ | £ | £ | £ | |
| Tangible assets | 58,841 | 304,894 | - | 363,735 | 374,395 |
| Heritage assets | - | 99,396 | 62,286 | 161,682 | 161,682 |
| Current assets | (39,803) | 96,719 | 35,191 | 92,107 | 122,905 |
| Creditors: Amounts falling due within one year | (12,659) | - | - | (12,659) | (15,626) |
| Net assets | 6,379 | 501,009 | 97,477 | 604,865 | 643,356 |
| Charity | |||||
| Unrestricted | Designated | Restricted | Total Funds | Total Funds | |
| Current period | Funds | Funds | Funds | 2025 | 2024 |
| £ | £ | £ | & | £ | |
| Tangible assets | 70,489 | 292,056 | - | 362,545 | 363,735 |
| Heritage assets | - | 105,549 | - | 105,549 | 99,396 |
| Current assets | (4,320) | 108,463 | 8,708 | 112,851 | 65,183 |
| Creditors: Amounts falling due within one year | (12,567) | - | - | (12,567) | (12,659) |
| Net assets | 53,602 | 506,068 | 8,708 | 568,378 | 515,655 |
| Unrestricted | Designated | Restricted | Total Funds | Total Funds | |
| Prior period | Funds | Funds | Funds | 2024 | 2023 |
| £ | £ | £ | £ | £ | |
| Tangible assets | 58,841 | 304,894 | - | 363,735 | 374,395 |
| Heritage assets | - | 99,397 | - | 99,397 | 99,396 |
| Current assets | (39,804) | 96,719 | 8,267 | 65,182 | 84,197 |
| Creditors: Amounts falling due within one year | (12,659) | - | - | (12,659) | (15,625) |
| Netassets | 6,378 | 501,010 | 8,267 | 515,655 | 542,363 |
16 Charity
Page 21