DIRECTORS, REPORT AND ACCOUNTS FOR THE YEAR ENDED TH 5 APRIL 2024 astIe U8)eum COMPANY NUMBER: 3226143 REGISTFRED CHARITY NUMBER.. 1057421 RYE NWSEUM ASSOCIATION RYE MUSEUM ASSOCIATION DIRECTORS, REPORT FOR THE YEAR ENDING 5- APRIL 2024 Ih The Direclors present their report together with their accounts for the year ended 5 April 2024 Rye Museum Association is a private company limited by guarantee (number 3226143) incorporated 17th July 1996. 11 was registered as a charity (number 1057421) on 8° August 1996. Direclors.. The Direclors who served during the year were: Jo Kirkhanvstephen Masters Sheila Maddock Juliet Duff Geoffrey Austen Mike Boyd {resigned October 10°) John Breeds (resigned October 3Tr1 Alan Dickinson Susan Manklelow Yvonne Metcalf Heather Stevenson Jen Tomkinson Lesley Voice Chairman Hon Treasurer Hon Company Secretary Ob ects and Policies.. The company was lormed in succession to the unincorporated association of the same name. Its objectives are the provision of museum facilities in the Rye area. and the advancement of education and Ihe exhibition of objects and collections with a Rye connection. Bankers: Charrties Aid Foundation Bank Solicitors.. Heringtons, Bank Chambers, Rye Reporting Examiner: B.A. Antrobus Bsc (Open) FCA CTA, 113, Shakespeare Tower, Barbican, London EC2Y 8DR 3, East Street, Rye. E. Sussex, TN317JY Registered Office.. Activrties and finan The Association owns museum sites at the Ypres Tower and 3 East Street, Rye. The Directors are satisfied that the company can meet its financial obligations. Summa of Activities durin the Year: Rye Museum Association continues to fulfil its commitments according lo the Objectives and Policies of the Association. Durin9 the year Apnl 2023 to March 2024 total Income was £170,232 and expendllure £139,268. The cash in the bank is £319,412 so the financial posltion Is healthy. Rye Casllel The Ypres Tower has been fulty opened. Visitor numbers to the Tower were 27.016 adults and 5.949 children Easl Street was open during summer weekends staffed by volunteers, and the number of visrtors was 7,960 adults and 1,140 children. During the 202&2024 year, the Museum Directors have met regularly by Zoom to deal with Museum matters. Two directors resigned, Michael Boyd in and John Breeds in October 2023. We had several social events". Summer paty in July 2023 for Members at the Tower., an Elizabethan supper in November 2023 for members irb East Streel., and a volunteers, lunch In March 2024 to welcome regular and new volunteers. We have continued to produce a monthly e-Newsletter with interesting items, and articles from Rye News 'A History of Rye through Museum Objects,. Our normal Talks Programme have continued. A children's craft day was held at East Street in October 2023. To coincide with the 450 anniversary of the visrt of Queen El￿abeth I to Rye. we had trail in East Street of objects relating to that period. Major works were completed including a new roof and installation of solar panels on East Street. We have re iv everal ndac ui ns for the ction Papers from t)oris Henley's family- relating to and 14WVII, and Rye police Items from Ihe Pulford Family and the Gasson mernber who began the first Rye Museum The Hargreaves Beque5t- drawings by Brian Hargreaves A hand-made Edwardian dress Handwritten lectures by Miss Edith Turner, Deputy Head of Rye Grammar School before and after ￿￿1. Hop shovel A coronation medal A Deans push along dog A tortoiseshell hair comb A model trebuchet Roll of plans for the Three Brothers ships from Newhaven Museum Leeds Halfpenny token dated 1793 Greenwich Maritime Museum of a Leeds A Memory stick wrth Mr J Pilcher's photographs of this area John Neve Masters 'Coastguard' INatch. Boatswain's pipe Once again, the Directors wish to extend their wam)est thanks to the many volunteers arrK)ngst their members without whom the Museum could not function. Dire rs'R nsibilrties: Company law requires the Directors to prepare accounts for each financial year which give a true and fair view of the state of the company's affairs and of the Surplus or deficit for that year. In preparing these accounts the Directors are required to: Make suitable accounting policies and then apply them consistently Make judgements and eslimales that are reasonable and prudent Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Directors are responsible for keeping proper accounting records which disclose, wrth reasonable accuracy at any time, the financial position of the company and enable them to ensure that the accounts comply with the Companies Act of 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Under Charity Law, the Directors of Rye Museum Association are considered to have the status and responsibilrties of Trustees. Risk analysis.. the major risks to which the charty is exposed have been identified by the Directors, have been reviewed and systems are in place to mitigate those risks. The Treasurer wishes to record her thanks to Ann and Nigel Antrobus who, once again, have worked so hard on these accounts. Approved by the Board of Directors on July 16° 2024 signed on its behalf. J. Duff Hon. Company Secretary Dii'ccloi's iin(I 'l'1'11slce.s of tlic Rye Miiseiiiii ASgQLi4iliuii Cli#rit)' No: l 057421 Comi)aii) No: 3226143 reporl lo tlie cliarily Iriislecs 01) t)Iy ¢Xii iiiiiialioi) of11)e accoiiiils of Il)e Conipaiiy foi. Ilie ycar ended S April 2024 sel oiil oil pagcs 5 to l O. Responslbililiej Hiid biisis of rei)oi'l As ilie cl)nrily'S Iiwslecs of Ille CoiiipAiiy (who arc a150 Ilie dii'cciors of the coiiipaiiy fui. Ilie Putyoses of coiiipaiiy laiv). yoii arc I'esi)oiisibl¢ foi. IIIL S)fL'I)araliuii of Ilic Mceouiils iii accordance i¥iili Ilie i eq41ireii)eiils of Ille Coi))i)aiiies Acl 2006 ("11)c 2006 A¢i"). 14aviJ)g saiisfied myself Ilial Ilie accoiii)Is ol. Ilie Coi)Ipaiiy are iiol I'eoiiired lo be aiidited for Iliis year Liiider l)art 16 of Il)e 20Q() Act aiid arc clig?ible for iiiclLpLli(Ici)l eAaiiiiiiali()i), I rcpoi'l ITI I"esi)cct ol. iiiy exaiyiiiialioii ofyoiii. cl)l& l'ily's llLLouiiIs as carricd oiit uiidcr scclioii 14S or Ilie Cliarilies Acl 2011 ("tlic 2011 Act"). li) caii)'iJ)g) oiit iiiy cxaiiiiiinlioii, I l)avL folloii'ed Ilie Directions bTiVCli by Il)e C'liai-ily Coiiimissioii (Iiiidcr seclioii 145(5)(b) of tlie 201 I Aci. IndepenileT)l exaiiiiiier's stHteiiient I Iinve ¢oinplclcd Iny exaii)iiialioi). I coi)firiii Ilial i)0 iiiatcrial iiiallcrs liave coiiie to Iny attcniion %Yliicli Bives iiie cause lo bclieve tIiAI'. necouiiting reco1￿5 ivcre i)ot kcpi iii accordAiice iyilli seclioii 386 of tlie Coiiipniiies Acl 2006,. or Ilic accounts do nol accord will) siicli r¢coi'ds; 01. Ilie accoiiiits do not coiiiply willi relevanl gccoiiiilii)g I'cqiiirLiinenls uiid¢r seclioii 396 of the CompThiiies Act 2006 otlier Ilian any r¢qL)irciiieiil IhAI ilie a¢¢ouiils &iive i 'tni¢ aiid fair. vtew ivl)ich is nol a imaii¢i- considei'ed ils p8rl of ali ii)depeiidciit excl111ii)nlioii; or 111¢ accouiits liave iiol begii pi'ep&rcd ii) a¢coidaiicc willi Ilic Cliarilie5 SOIII) (FRS102). I11ove iio concerns and118vc eome aci'oss iio oil)ei- Infttlers iii coiiiieclioii will) Ilic cxaininalioii to whicli alleiition slioiild bc drai¥ii in order lo ciiAbl¢ a pi'ow. Iiiider51aiidiiig of tlie Accoiiiils to b¢ reached. 113 Shokes1)eTrre Tower EIArbi¢fin Londoii EC2Y 8DR B A Anlrobu5 Dsc (Open) FCA 22 July 2024 Paue d Ryf, MUSEUM ASSOCIA'I'ION rAI'EMLN'I' 01,. I,"INAN IAI, AC'I'I VI'I'ILS ,"Oll'l'Fir. Yr.AR r.NDF.D Stll APRIL 24 Ilni'eslrieltd Rosli'lcled Tr"uiids TolMI Tol*l 'ol¢ 2024 2024 2014 2023 Income Donalions and legacies Chariiable activities Oiher Iradiiibj activilies Inves11i)eiil incoine 22,347 134,6()3 9,398 3,824 22,347 134,663 9,398 3,824 8,89.5 107,142 6.885 .346 TOTAL INCOME 170,232 170,232 124,268 Expenditure Raisiiig fuiids Chiirilable 8clivilies Depreciaiion 6,361 94,025 15,146 6,36 I 94,025 38,882 2,494 71,727 43,701 23,73C) TOTAL EXPENDITURE 15.532 23,736 139,268 117,922 NFT.SURPLUSI (Df.FICIT) FOR THE YEAR 54,700 (23,736) 30.964 6,346 Funds brought fonvnr(I Transfers bcl¥Ycen fund5 Funds carricd forwnrd 411,868 46,171 458,239 451.893 466,568 22,635 489,203 458,239 Tlierc were no r¢cogiiis¢d gai115 aiid losses oil)er thun tliosc sl)own above. The notes on page5 7 to l o foi'm parl ofthese dccoiiiIIS. L S IIYI,: Mll.SlI IIM ASS()C'IA'I'ION IIALANCI SIII,:I,:I' AT illi Al)IIIL 2024 Nctrte 2023 Fixcd A&5Cts Tongvible Assets 168,029 187.697 Currnnl knels 2,861 400 J19.412 26 2,294 1,372 271,732 19 Debtors niid prepayinei)Is Casli al bank Cash iii hand 322,699 275.417 ix*$: Current Liabllliics Crcdilor5 and accruals 1,525 321,174 4,875 270.542 NET ASSETS 489,203 4511,239 Fund5 ofiiie Charily Reslrieied iiiconic funds: 10 22,635 46,371 Unrcsl ricltd liicoiii¢ fuiid$: Genetil Purposes fund 466.568 411,868 TOTAL FUNDS 489.203 458,239 Th￿ company ivas entiil¢d lo exeiiiplioii froin Audil Uimler s 477 of Ilie Con)Iianies Acl 2006 relaiiiig Io siiiall cornpanies. The menibets have nol r¢quired Ihe compaiiy lo obiaiii ali Audii in accordRiice willi s 476 of Ilic Coinpanie5 Acl 2006 llie dircc(or5 8cknowledg¢ Iheir responsibililies for coi)Iplyins iyiih Ihe r¢qLiirein¢iils olll)e Compai)i¢s Aci wilh respeci io 8ccountinb• rccord5 nnd Ilie pr¢paralion olllic Hccoiinls. TIK5e accoun1$ have bccn prepared IM accol.d￿l¢C with Il)e provisions applicabl¢ lo si)Ihll conipanie5 siibjecl lo the $1)iall coinpanies re¥iiii¢ w)d in accordiince iyiili fRS102 SOIU) Tli¢se accounls were a Tovcd by Ilic Bonrd on JLI , Slitili 14l*ddo¢k T￿￿1&¢IDIreCl•r Ryf Musf.UM A.S£*OCIA'fioN NOTES TO THE ACCOUNTS Bal5iS of iirepa y￿(lon 1.1 of Ac¢ouiiliii& Tliese aCCOLIIILS Iiii vc becii prcpnred Liiidcr Ilic liisloi'ic cosl coiivci)lion Nviili iteii)s i'ecogi)ised al c051 or 1rnI￿acLi0n vali1¢ iinless oiliernvise staled in Ihe relev&inl nol¢s lo il)cse accoLiiII5. Tlie accoii1115 have beeli prepared 01) A going coiicci'ii basis 111 Hccurdai)ce ii'iili: Il)e Sialeinei)l of ReLoiiiiiieiidul Practice: Atcoui)liiig Jii(l Rew)11in¥ by Cliariiies prci)aring ilieir accoiii)Is iii accoi'dance willi t1￿ l inancial Kcpoiliiig Slciiid&i'd ¢TrppI icable iii Ihe UK dll(I Illc Republic of Ireland {I-. RS 102) issued oil 16 Jiily 2014 aiid witli Ilie Cliai'iiies Acl 2011. The chArily consliliiies a piiblic benefil eiililit}' os defiiied by fRS 102. .2 Tlie coinpaiiy is iiol rcgisicred for V AT. All iicins in ihe aceoiii)Is in¢lLide allribkilable VA T. l J Chllllge of •¢coiinting poll¢y 'Ilie accounls presciil a Iriie lliid fail. vie%v niid iio cliAnges liave beeii ii)Rcle lo Ilie accoLiiilin pol icies adopied iii note 2. 2 AccounliD2 policles 2.1 INCOMF. Reroxnltltsih of Iiirome These are iiicliided in Ilie Si8l¢ine111 of Fiiiaiicial Activities (SOFA) wlieii Ihe Imoiielary Vali￿ cali be Ineasiii'ecl will) siifficieiit reliabilily. Tl?ere lias beeii i)0 ofiseiiinbi ol. asseis niid I iabililics, or iiicoiiie and c.%pei)ses uiircss reouircd oi. i)ci'J)iillcd by (lie I:RS 102 SORP or fRS 102. Grnn15 ai)d doiiaiioiis air only iiiclii(IL(l iii Ilie Sop A wlici) IIIL &yeii¢ral iiicoi7ie crileria ￿1 c iiiel (5.10 10 5,12 fRS102 SORP). 'I'he cliarily1105 reccivcd govcniii)erti birnnts iii Ilic rcporliiig period. Tl)e charily lius iiicurred expenditiirc 01) support costs. Offs¢lllng GrAiils doiiilions Govei'iirn¢Thl grnnls Supporl Cosls 2.2 EXPENDITURE AND LIABILITICS LA*bilily J-tfO8llitio Liabililies ni'e I'ecogniged wlieit 11)ere li R legal or ¢oiislriiclive obli￿1101} oiiiiiiilliiig 11)e charity lo pHy oul rcsoui-¢e5 Biid Il)e aiiioiiiil of Ilie obligalioii can bc IneasiiTed Kyiili reas011able ceriaiiily. Tl)e chariiy lias credi1017 ivliioli ol'e mea511rccl al sellleiiieiii amoiinls. Credilors 2.3 Assf.TS *nglble filed A55¢11 Tliey are captlnliscd if they can be iised foi. Inore Ilijn oiie year. und cost at lea51 £100. 'fiiey are vAlued al cosl. Siotks iyork in progress Slock of publicalions for resale is valiied (il Ilic lower of cosl aiid iicl refilisable value, aftei. miikiiig alloivancc for obsolele aiid 51oiY iiioving ilenis. Debtors Dcblors (iiicliidi1i8 trade debiois cind loans receivablc) arc ii)eDsiired on ii)ilial rccogiiilioii al seiileiiici)I nnioiinl. 8eT IIYL M usr.um AS.SUCIA'fioN NO'I'LS'I'O 'fH&', ACCOUN'r.s F()11 TIIE vfAR ENDED.S¢lI APRIL 2024 Aii#lysis of iiicoiiie U iireslriele(I Fuiiils Rcslri¢le(I Fiiiids Tol81 Fuiids 2024 Tolil Funds 2023 Doiintloiis aiid l¢gRclc. Doii 2,861 1,187 2,697 (1,590) 2024 2023 DebtorJ Prcpaymciils 81)d dep05ils 400 .372 Creditors Accruals and payablcs 4.875 10 Reslrlclcd Incoine fund$ tnin Rtsources Closin IIAIAfflCt fte5011rreJ Bxl#iic¢ GeJiefal fuiid Fabric fLiiid G8rdeii Fuiid Worncns, Toiver Fiiiid 3.531 69 82 42,689 3,531 69 82 18,953 22,635 23.736 Pernilliieiit collcclioii Tlic p¢rJi)aiiciit colleclioii of iiiiiseuin cxliibils is licld by ilic Rye Miiseuiii Ti'iisl. 12 tAiiiil¢(I by gi unrnnlee Rye Miiseuiii Associal ion (s a re￿i$l¢red cliarily. It is a i)I'ivlltC Colllpilliy l iiiiilecl l)y 8uJraniee, and does iiol have A shnrc c41pil411. "l-lie l ilbility of LAclI Ineiiibei is liiiiilL'd io £ I 10