REGSsfERED COMPANY NUMBER: 03380637 (England and Wales
REGISTERED CHARITY NUMBER: 1063124
REPORT OF THE TRUSTEES AND
UNAUOITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ￿RCH 2024
FOR
BIRMINGHAM CONSERVATION TRusr
J W Hlnks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Blrmingham
West Midlands
B153BH

BIRMINGHAM CONSERVATION TRusr
CONTENT5 OF THE FINANCIAL STATEMEMrs
FOR ThE YEAR ENDED 31 MARCH 2024
Page
Report of theTrustees
Independent Examlner's Report
io
Statement of Flnanclal Artfvltles
li
lan￿ Sheet
12 to
Notes to the Flnanclal Ststements
14 to 28
Detalled Statement of Flnanclal Artlvltles
29 to 30

BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report
with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the
provisions of 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 Republlc of
Ireland {FRS 1021 {effective l January 20191.
OBJEcfivES AND AcfiviTIES
ObJectlve5 and alms
Birmin8ham Cofiservation Trust's primary mission Is"returnin8 historlc bulldlngs to a place In people'5 lives."
The charlty's main purposes consist of the followlng.
To presetve for the citizens of Birmingham and in the County of the West Midlands and of the natlon
at large, whatever the historical, architectural and constructlonal heritage may exlst in and around the
City of Birmingham aforesaid in the form of building5 lincludin8 any building as defined in Section 336111
of the Town and County Planning Act 19901 of partlcular beauty or hlstorScal. architectural or
constructional interest.
To promote the education of the general public as regard5 the occupation and use of such bulldings
throu8hout thelr hSstory.
The Coffin Work5 Is run and owned by Birmingham Conservation Trust. The Coffin Works Museum is a 'Heritage at
Risk, success story, preserving the unique contents of the former Newman Brothers, Coffin Fittings manufactory in
Birmingham. It's Grade-Il* listed and Is the only surviving example of a purpose-built Victorian coffin furniture
manufactory in the UK.
The museum opened in 2014, has welcomed over 80,Crf)O visitors and won 14 518nificant awards. Thi5 includes The
Queen's Award for Voluntary Service and most recently 'Small Visitor Attrattion of the Year, in the 2022 West
Midlands Tourism Awards. The Coffin Works is a unique combination of museum, creative business tenants and
events spaces which 15 a rare hybrid rnodel for independent museums. We do this through guided tours, 5elf-guided
vlsits, bespoke events, creative business space5 and partnerlng wlth local artlsts, heritage organisation5 and local
unlverslties to create a dlver5e cultural offerin8.
What we do
Our core misslon is to promote the enjoyment of Birmingham's, and the UK'5 cultural heritage through access to our
building and its unique contents. We do thls through guided tours, self-guided vislts, bespoke events, partnerin8 With
local artlst5, herltage organisation5 and local universities to create a diverse cultural offerin8.
In 2016 the charity adopted a 10 year buslness Strate￿ wlth the following three key goals.
Lead the field as an architectural preservation trust.
Increase our irnpact.
Achieve financial sustainability.
To achieve these goa15 the charity set the following six aim5.
Aiml
To contribute to and champion innovation and best practice in the field of architectural prese￿ation
in the UK.
Aim2
To develop a strong and effective team to 8overn, manage and operate the charity.
Page I

BIRMINGHAM CONSERVATION TRUST
REPORT OF TrIE TRusfEES
FOR THE YEAR ENDED 31 MARCH 2024
Alm3
To review operational effectiveness, implement the financial systems that give us the information
we need when we need it and to have completed a performance cycle and review.
Aim4
To implement an income generation strategy.
Aim5
To make a difference to threatened heritage in the city.
Aim6
To identify audiences and understand how best to engage wlth them.
En
r wo k deliver
ur
We continue to review our aims, objectives and activities each year, looklng at what we achleved and the outcomes of
our work in the previous 12 months. We revSew the success of each key attivity and the beneflts they have brought to
those 8roups of people we are set up to help. Thls helps us ensure that our aims, objectives and activities remained
focused on our stated purposes. We are currently updating our business strate8Y to reflert the progress made since
2016 and the current aims of the Trust.
We have referred to the guidance contalned in the Chartty Commission's general guldance on public beneflt when
reviewing our aims and objectives and In plannin8 our future activitles. In partlcular, the trustees consider how
planned activitles wlll contribute to the aims and oblectives they have set.
The focus of our work
The charity continues to operate as a bullding preservation trust.
Slgnificant actlvltles
Our main activities and who we try to help are described below,
All of our charitable activities focus on our ability to be a catalyst and instigator for the conservation of at risk
buildings in Birmingham, to preserve bulldings of historical and architectural interest for the citizens of Birmingham
and the West Midlands and to educate the 8eneral public as re8ards the occupation and use of such buildings
throughout thelr hlstory,
The charity continues to operate as a building preservatlon trust and is a member of the followin8 groups.
The Herita8e Trust Network (formerly known as the UK Assotiation of PreSe￿atIOn Trusts).
The Heritage Alliance.
Birmin8ham Heritage Forum.
As owners and operators of an independent museum {Newman Brothers at the Coffin Works) the charity is an
institutional member of the Association of Independent Museums {AIMI and the Museums Association.
The Coffin Works Museum
It is the Trust's mission to protect the heritage assets it is responsible for in this case, the Coffin Works Museum. It
continues to do this successfully by employing a small. skilled team, led by our dedicated and highly respetted
Museum Direttor, Sarah Haves, to care physically for the buildin& thereby making it safe and accessible for visitors.
The Coffin Works, team ensures all building checks are in place and that Its Accredited collection is cared for in
accordance with benchmark industry standard5.
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BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMAN
Charitsble artivitles
ur activi
Ilver
lic benefi
In setting our objectives and planning our attivities the trustees have given careful consideration to the Charity
Commission's general guidance on public benefit, including the guidance on public benefit and fee charging.
All of our charitable attivitles focus on our abillty to be a catalyst and instigator for the conservatlon of at risk
buildings in Birmingham, to preserve buildings of historical and architectural interest for the citizens of Birmin8ham
and the West Midlands and to educate the 8eneral publlc as re8ards the occupation and use of such buildlngs
throu8hout their history.
Coffin Works 10th Birth
Celebrations
The year ended 31 March 2024 marked a decade of the Coffln Works Museum and we hosted a birthday party to
celebrate those 10 years and to thank all of the people who have played their part In makin8 It a success since 2014.
This birthday mafked a key milestone for the museum on account of Its challenges over the last decade, but the fact
that it is stronger and more ambStiOU5 than ever is something that should be highllghted and Is testament to the
resilience that has been built up over those 10 years.
Birmingham Conservation Trust IBCT) was approached by Birmingham City Council and Historic England in September
2023 to progress a project to conserve and bring back into use the Grade-11 listed Golden Lion Inn in Cannon Hill Park.
In May 2024 we appointed as lead consultant and conseNation architects, Oliver Architecture, to lead on the
feasibility study for the 51te including the following.
Providing a specialist assessment of the building'5 condition,
Outlinlng the extent and costs of repair and upgrade works necessary to secure a future use.
Identifying the urgentlessential repairs requlred to mitigate further short-term decllne.
Assisting In Identifying viable future uses and understanding the works and costs required.
Historic England, the William A Cadbury Charitable Trust and the Architectural Heritage Fund have offered grant
funding sufficient to dellver the feasibility study and a small programme of emergency repair works to ameliorate the
Immediate threat5 to the building's security and structural integrity.
Oelivery of the feasibility study will culminate in Identifying three vlable options for the future of the bulldlng with one
preferred option taken forward to a grant funding sta8e. The piece of work is expected to be completed in January
2025. At this Stage, the Board of Trustees will consider the position of the Trust, taking forward on the ba515 of
adequate risk mitigation, prudent financial consideration and capacity management.
Founded in 1977, Birrningham Conservation Trust has evolved and adapted to changing landscapes as part of the
wider Building Preservation Trust movement and continue5 to do so. Having established and 5UStained the Coffin
Works site the staff and board position is now such that the relevant governance and commercial skillsets will enable
the increased delivery of regeneration projects once more.
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BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEE5
FOR THEYEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable artlvltles
Celebratin
Coffin
orks, Success
The Coffin Works continues to go from strength to strength with growing admissions income and visitor fi8ures now
exceeding pre-pandemic figures. Based on the significant challenges faced by the sector during this perlod, the tireless
work of stsff and volunteers, alongside support from the wider community, cannot be underplayed in recognising this
sustainabilitv.
The growin8 Coffin Works, team and their efforts is at the heart of this success cannot be taken for granted. As well as
pushing fo￿ard. they have also honed the day-to-day running of the museum and made a concerted effort to grow
meetSn8 ri)om bookin8s, hospitality revenue and expand on group visits. The Museum is now open on Wednesdays
which means that it is back to pre-pandemic openin8 times. Thls has been a 8reat driver of the museum's recovery. In
2023 we a150 launched a new Coffin Works, website, which has improved the visitor journey and allowed us to make
bookin85 and plannln8 vlslts Much easier.
Equally, our tenanted spaces are full and rental income is at Its hlghest. In July 2024 we said goodbye to our longest
standin8 tenant, Levells, but we welcomed new tenants, Midport Scandinavia, a technical software company who are
work(n8 c105ely with us to use their expertise in improving our environmental monitoring for the museum.
The museum is led by a pa551onate Museum Director and three Volunteer & Operatlons Co-ordinators. They are
5UPPOrted by a dedicated team of 80 volunteers consisting of students, graduates, retSree5, unemployed and those in
part and full-time employment. We pride ourselves on creating volunteering pathways for all and, in particular, our
partnerships with Schools and universities means that we have a young and diverse group of volunteers. In fact, our
programme has been recogni5ed nationally for both its diversity and retention. In return we are able to deliver one of
the best visitor experiences in the West Midlands. The Lonely Planet agrees, having recently named us 'Best Unusual
Museum, in the UK.
er
The recovery and return of international visits a￿ playing a crucial role in our growth which is why the Coffin Work5,
involvement in the West Midlands V151tor Pass, spearheaded by West Midlands Growth company, is vital to the
recovering economy of the region. The year 2023 saw heritage-related international tourisrn Spending reach its
highest level nationally as reported by Historic England in 'The Contribution of the Herltage sector to the visitor
economy, published and updated on 11 November 2024.
The Coffin Works is at the helm of promoting and championing Birmingham's herlta8e, as an attraction that has
consistently remained In the 'Top S Thin8S to do in Birmingham, for the last 10 years. The Museum is also Ideallv
sltuated near the heart of Blrmingham city centre and has a key opportunity to capitalise on the footfall from the
Paradise redevelopment and adjacent developments, on the doorstep of the Museum.
Grant Fundin
and Im
En
mental Condi
Key funder5 and grant givers in the sector recogni5e the Museum's importance a5 the Coflin Works wa5 just one of 26
museums nationwide to receive a Museum Estate and Development Fund IMENDI grant from Arts Council England.
The success rate wa5 le55 than 10%.
The purpose of the MEND Fund Is to enable museums across the country to deliver a better experience for visitors and
staff, make acce55 and environmental improvements, unlock income-generating opportunities and continue to protect
treasured building5 and collections for future generations.
A5 a re5uIt, we have been able to install secondary glazing on the front of the building from the Museum shop up to
the top floor. to increase the energy efpiciency and comfort of volunteers, visitors and our accredited collection. In
addttion the grant will fund Uv-filtering film on the north range of the building to improve conditions for tenants in
the warmer months of the year as well as a wireless environmental monitoring system.
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BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The transfomiative impart of this grant for the museum cannot be underestimated. Secondary glazing will be a game
changer for us with multiple benefits for visitors, volunteers and our collection. With rising energy prices we have had
to regulate energy but installlng secondary glazing will allow us to control costs and environmental conditions, saving
up to 35% on energy bills and establishing further best practice in the sector.
We are extremely grateful to DCMS, Historic England and the Arts Council for making this possible as, without this
fund, the environmental improvements we want to make would be cost prohibitive.
rowin
The volunteer team now numbers 80 people wlth that team contributing an equivalent resource of three full-tlme
members of staff. As part of a growing team we recognise the importance of keepin8 everyone healthy which Is why
the staff team are now all trained as 'Mentsl Aid First Aiders,. ThSs training was thanks to the grant fundlng of our
wellbein8 project funded by Midland5 Museum Development and has allowed for a programme of activitles focusslng
on improvlng and managing mental health. Thi5 has now paved the way for prioritisin8 ongoing activities all year
round as part of our workplace culture.
As an or8ani5ation that relies on volunteers to open its door, we understand that they are the Ilfeblood of our
museum. This 15 why we pride ourselves on the level of support, care and mentoring we provide. We believe that a
happy and healthy environment breeds passion and goodwill and the latter 15 the bedrock of our organisation.
In recognition of the importance of volunteers to the running of our Museum we are Increasin8 our organisational
resilience through hosting three Volunteer Recruitment Days annually. The majority of our volunteer5 'find us, which is
a fortunate position to be in and our online social media presence cannot be underestimated in promoting that, but
now we are actively recruitin8 volunteers through 'call outs..
taff Team
The Birmingham ConseNation Trust team has excelled in their duties over the course of the period wSth staff members
taking on professional development and applying new skills across a broad range of funded and core programmes.
The Coffln Works achieved 'Highly Commended, In the category of 'Team of the Yearf at the Museum + Heritage
Awards. This award recognised the work that goes on behind the scenes, specifically celebrating team5 that aren't
front facin8. The Coffln Works, staff team are exactly that= they are not the face of our museum, but they are it5
backbone.
Followlng a VlsitEn8land Vlsitor Attraction Quallty Scheme assessment, we are pleased to share the exciting news that
The Coffin Works has been awarded a VisitEngland Hidden Gem Accolade. This accolade Is testament to the hlgh
standards achieved whSch the assessors felt were truly deseNing of recognition.
In particular, notlng the decade of servlce, the Board applauds the ongoin8 commltment and impact of Sarah Hayes
who has adopted an enhanced role as Trust and Museum Dlrertor, marking both her commitment to the organi5ation
and the significant development of skillset over that ten-year period. Reaching this critical milestone as an
organisation, openin8 and operating the Coffin Works, Sarah ha5 remained constant as the leader across the strategic
and day-to4ay management of the organi5ation, catalysin8 the re-animation of the slte and growin8 her role and
responsibilities in tandem. Whilst the Museum is held in such high regard due to its focus on people, across colleagues
and visitors. this culture is spearheaded by the Director.
The Board f Trustee5
The Board would like to state its thanks to board member5 who stepped down over the course of the year Including
Robert Hayes, Gurminder Kenth, Seb Lovell-Huckle, Christine Cushin8 and Richard Garside who provided critical
stewardship to the Trust, managing challengin8 Covid-19 Pandemic impacts and establishing the foundation upon
which the new Board is able to progress future ambitions.
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BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Subsequently, the transition in membership of the Board, with a range of new tru5tee5 joining the Trust, is providing
for the broad range of experience and skillsets necessary for prudent management and ongoing 5UStainability.
Barcla Debankin
On l November 2023, Barclays Bank, who we had held accounts with for nine years, closed our three bank account5
in error and as such we were caught up in the natlonal debanking scandal. They eventually admitted fault and stated
in official correspondence that they had let Us down on multiple levels. We Subsequently received £500 in
compensation for 'stre55 and inconvenience,.
We were able to avoid significant disruptlon to our activitles on account of the quick actions of our Museum Director
starting the process of opening a new account with The Co-operative Bank in December 2023. Nevertheles5, this still
took a month. The resilience of the charity was underpinned by the museum having multiple ways of taking
admissions incorne and a PayPal account whSch proved vital in the inteNening month without a main bank account.
The Board would like to express special thanks to former Chair, Christine Cushing, for providSng a bridging loan to pay
staff wages and to Jack Han50n who covered one month's insurance c05t due to cashflow issues on account of
Barclays not releasing our Income until December 2023.
In Memoriam
We would like to honour the memory and legacy of one of the Coffln Works, longest-standin8 and most loyal
volunteers, Vickie Jones, who died unexpectedly In November 2023. Vickie did everythlng possSble to help the CofFin
Works succeed and quite simply the place isn't the same without her. We would also like to acknowledge the very
generous donation of £5,000 from Vickie'5 husband, Keith Jones, which he made to the museum in her memory. As
mark of respect, the Coffin Works, team nominated Vlckie posthumously for a 2024 Museum + Heritage Award in the
category of 'Volunteer of the Year,. She was shortlisted and, although she didn't wln, she received a special
acknowledgement from the judges.
Another of our volunteers, Karen Cameron, passed away in March 2024 so we would also like to take thls opportunity
to highlight her contribution to the rnuseum. She was one of our digital volunteers who had an actlve role in updating
our website and will be sorely mlssed by all at the museum.
FINANCIAL REVIEW
Flnanclal posltlon
The Statement of Financlal Activlties for the year ended 31 March 2024 shows incoming resources for the year
totallin8 £184,36112023- £127,044) and resources expended totalling £193.78212023.' £157,421).
Net outgoing resources for the year ended 31 March 2024 amounted to £9,421 12023.. net outgoing resources
£30.3771.
As a result, the charity'5 total funds have decreased from £1,534,992 35 at 31 March 2023 to £1.525,571 as at 31
March 2024 of whlch £66,29312023'. £87,266) was unrestricted. Restricted funds totalling £1,459,278 a5 at 31 March
202412023.. £1,447,726) continue5 to be comprised mainly of restrlcted flxed a55ets and heritage assets.
Reserves pollcy
It is the policy of the trustees to maintain a level of reserves sufficient to ensure the continued operation of the
charity's artivities.
Page 6

81RMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLAhlS
With Birmingham Conservation Trust's pandemlc recovery and push to lead building preservation projects in the city
once again, our aspirations for the future are clear to see. Emergence from the Covid-19 pandemic and its impact on
the wider sector cannot be underestimate, and the efforts of all parties. including the supp)rt of external
stskeholders, has enabled the necessary resilience to take Birmingham ConseNation Trust foNard.
The Board also recognises the importance of enabling restructuring where needed to increase the capacity of the
current staff team. Working with an external HR consultant who is reviewing strutturing and undertaking a
benchmarking exercise means that we are prioritising staff growth and ensuring we have the ri8ht resource at the
helm to push our organisation forwards whilst supportin8 the growth of staffs roles and responslbilities.
The Trust, having cemented Sts sustainability operatlng the Coffin Works sSte. and wlth the recrultment of new Board
members, is now placed to progress as a Building Preservation Trust. actively identifying and delivering projects a5 a
strate8ic partner of choice for the wider public sector. Building new skillsets and experience within the current team,
the Golden Lion project will provide the first test case and enable the Trust to diversify and expand it5 Portfolio of
schemes to create an increa51n8ly resilient business model of multiple income streams.
External investment Is a key driver of thi5 and we were recently awarded a student trainee5hlp grant of £9,200 by Art
Fund to 5UPPOrt two new Heritage Engagement Interns between January 2025 and December 2025. This will support
museum actlvities of 10 hours per week, split across two shifts between Wednesday to Sunday.
We continue to revlew our aims, objective5 and activlties each year, looking at what we achieved and the outcomes of
our work in the previous 12 months.
For Trust development during the year ended 31 March 2025 we intend to implement the following.
Continue to develop the Coffin Works site as it enters its second decade of operation.
Build a full and proper understanding of the scope of the Golden Lion project and Identlfy the
suitable solutions to take the scheme forward, pending evidenced viability.
Establish a forward plan and associated business plan to capitalise upon the new momentum
for the Trust In its role as an active Building Preservation Trust.
STRucfuRE. GOVERNANCE AND MANAGEMENT
Governln8 document
Blrmingham Conservation Trust is a company Ilmlted by guarantee Ireglstered number 033806371 which was
Incorporated on 29 May 1997 and achieved charitable status on 27 June 1997 Ire8lStered number 10631241.
The charity was established under a Memorandum of AsK￿latIOn which established the objects and powers of the
charity and is governed under its Article5 of Association. In the event of the charity being wound up members are
required to contribute an amount not exceeding £10.
Recruitment and appointrnent of new trustees
As set out in the charity's Articles of Association new trustees are appointed by the Board of Trustees after applying to
the charity in the form required by the trustees and after being approved by the Board of Trustees.
All trustees give their time voluntarily and receive no benefits from the charity- Any expenses reclaimed from the are
charity set out in the notes to the financial statements.
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BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
sTrucruRE. GOVERNANCE AND MANAGEMENT
Organisatlonal structure
The management and control of Birmingham Conservatlon Trust Is vested in its governing body. a Board of Trustee
Dlrertorsof up to 13 member5.
The Board has formal sub-committees.. Cofpin Works Management, Planning and Development, Finance and Financial
Stability and Health and Safety. Worklng group5 are formed as and when required to undertake specific tasks.
BlrmlnEham Conservation Trust staff lor the year ended 31 Marth 2024
Coffin Works and Museum Director
Sarah Hayes
Volunteer and Operations Co-ordinator
Claire McGibbon
Volunteer and Operations Co-ordlnator
- Emma Barran-scott
Volunteer and Operations Co-ordinator
- Megan Ward
Volunteer and Operations Co-ordinator
Clarissa Barclay
Volunteers
Volunteers form the backbone of the charity's visitor experience at the Coffin Works, chiefly providin8 valuable
front-of-house services, tour guldln& room enablin& collections care and research. All new volunteers receive in
person tralnin8 and an inductlon pack,
Inductlon and tralnln8 of new trustees
All new trustees receive an induttion pack containing a copy of the charlty's Memorandum and Articles of Association,
draft busine55 plan, annual report and financial statements and supporting documentation from the APT Guidance
Notes for building preservation trusts.
Risk management
The Trustees have a duty to identify and review the risks to whlch the charity is exposed and to ensure appropriate
controls are In place to provlde reasonable assurance against fraud and error.
The Trustee5 also examine the major strategic, busine55 and operational rlsks that are associated with undertaking
each prolect. System5 are in place to enable regular reports to be produced so that the necessary 5tep5 can be taken
to manage these risks.
REFERENCE AND AOMINISTRATIVE DEfAILS
Reglrtered Company number
03380637 IEn8land and Wale51
Re8lstered Charlty number
1063124
Registered offlce
The Coffin Works
13- 15 Fleet Street
Birmingham
B3 IJP
Page 8

BIRMINGHAM CONSERVATION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
C Cushing
A M French
R H Garside
J W Hanson
T R Hasker-sarchet
resigned l June 2023
appointed l June 2023
- resigned 18 December 2023
- resigned 14 August 2024
- resigned l February 2024
- appointed ljune 2023 and
30 August 2024
- appointed l June 2023
- appolnted l June 2023
RJ EHayes
K Jarrett
G Kenth
S W Lovell-Huckle
D K Matharu
B J Parker
Drj Mwall
RA Wilson-styles
- resigned 17 November 2023
- resigned l June 2023
- resigned 14 March 2024
- appointed 24 September 2024
- appolnted 14 August 2024
- appointed 14 August 2024
Independent Examlner
J W Hinks LLP
Chartered Accountants
19 Highfield Road
Ed8baston
Blrmingham
West Midlands
B15 3BH
Bankers
Co-oper*ive Bank
l Balloon Street
Manchester
M604EP
This report has been prepared In accordance wlth the speclal provisions of Part 15 of the Companies Act 2006 relating
to small companies.
Approved by order of the board of trustees on 16 December 2024 and 518ned on its behalf by..
B J Parker- Trustee
Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF
BIRMINGHAM CONSERVATION TRUST
Independent examlner's report to the tfustees of Blrmlngham Conservation Trust I'the Company,)
I report to the charity trustees on my examination of the accounts ofthe Company forthe year ended 31 March 2024.
Respon51bllltle5 and basls of report
As the charity's trustees of the Company land also it5 direttors for the purpose5 of company lawl you are responsible
for the preparatlon of the accounts in accordance with the requirements of the Companie5 Att 20061'the 2006 Act'}.
Havln8 satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Att
and are eligible for independent examination, I report in respett of my examination of your charity's accounts as
carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have
followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I conflrm that no matters have come to my attentlon In connection with the
examination giving me cause to belleve:
accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirement5 of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair vlew which is not a matter consldered as part of an
independent examlnation,. or
the accounts have not been prepared In actordance with the methods and principles of the Statement of
Recommended Practice for accounting and reportin8 by chartties (applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report In order to enable a proper understanding of the account5 to be reached.
Peter Smith ACA
J W Hinks LLP
Chartered Accountant5
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
16 December 2024
Pa8e 10

BIRMINGHAM CONSERVATION TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Totsl
fun¢ts
2023
Total
funds
Unre5trlcted
fund
Restricted
funds
Notes
INCOME AND ENOOWMENTS FROM
Donatlons and le8acie5
8,322
8.322
15,789
Charitsble actlvltle5
Charitable aCtivit￿eS
73036
31,304
105.140
52.315
Other trading activities
Investment income
9,449
61,450
9,449
61,450
8,037
50,903
Totsl
153x157
31,304
184,361
127,044
EXPENDITURE ON
Charltsble activltles
Charltable activitles
174,030
19,752
193.782
157,421
NEf INCOMEI(EXPENDITUREI
(20,9731
11.552
{9,421)
130,3771
RECONCIUATION OF FUNDS
Total funds brought forward
87,266
IA47.726
1,534,992
1,565,369
TOTAL FUNDS CARRIED FORWARD
66293
1,459.278
1.525.571
1,534.992
The notes form part of these financial statements
Page 11

BIRMINGHAM CONSERVATION TRusr
8AiANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Totsl
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSErs
Tangible a55et5
Heritage a55ets
Investments
Investments
Investment property
14
15
18,163
682A20
750N54
700,583
750.454
714,123
750,454
16
17
15
15
18,178
1,432,875
IA51.053
1,464,593
CURRENT ASSErs
Debtors
Prepayments and accrued income
Cash at bank
18
4,596
7,361
57.176
4,596
7,361
83.579
9,830
7,279
74,674
26,403
69,133
26,403
95,536
91,783
CREDITORS
Amounts fallin8 due wlthln one year
19
121,018)
121,018)
121,384}
NEf CURRENT ASSETS
48,1
26.403
74,518
70,399
TOTAL ASSETS LESS CURRENT LIABILITIES
66.293
1,459,278
1.525,571
1.534,992
NET ASSETS
66293
1,459.278
1,525,571
1,534,992
FUNDS
Unrestricted funds
Restricted fund5
21
66,293
1.459,278
87,266
1.447,726
TOTAL FUNDS
1,515,571
1,534,992
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Art 2006.
The trustees acknowledge their responsibilities for
la)
ensuring that the charitable company keeps accounting records that comply with Sertions 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company
s at the end of each financial year and of it5 Surplus or deficit for each financial year in accordance with the
requirement5 of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Art 21M16 relating to financial statements, so far a5 applicable to the charitable companv.
Ibl
The notes form part of these financial Statements
Page 12
continued...

BIRMINGHAM CONSERVATION TRUST
BALANCE SHEET- continued
31 MARCH 2024
These financial statements have been prepared In accordance with the provision5 applicable to charitable companies
subject to the small companies regime.
The financial ststements were approved by the Board of Trustees and authorised ftjr issue on 16 December 2024 and
were signed on its behalf by..
BJ Parker- Trustee
The notes form part of these financial statements
Page 13

BIRMINGHAM CONSERVATION TRUST
NOTESTO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
GENERAL INFORMATION AND BASIS OF PREPARING THE FINANCIAL STATEMENTS
General Information
Birmingham Conservation Trust is a charity incorporated in England and Wales. The address of the charity's
registered office is The Coffin Works, 13- 15 Fleet Street, Birmingham B3 IJP.
Attounting conventlon
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 "Accounting and ReportSng by Charities.. Statement of
Recommended Practice applicable to charities preparin8 their accounts In accordance with the Financial
Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRS 1021 (effective l January
20191" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland" the Companies Act 2006 and the Charities Act 2011.
The financial Statements have been prepared u5Ing the historlc tost convention and are presented in sterllng
which is the functional currency of the Association, rounded to the nearest £1.
The Significant accounting pollcles applied in the preparation of these financial statements are set out below.
These pollcies have been consistently applied to all years presented unless otherwise stated.
FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS
The charity has taken advantage of the following disclosure exemption in preparing these financial Statements
as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
the requirement of Settion 7 Statement of Cash Flow5.
COMPANY STATUS
The charltv is a company limited by guarantee. In the event of the charity being wound up the liability in
respect of the guarantee is limited to £10 per member of the charity.
GOING CONCERN
The financial statements have been prepared on a golng concern basis as the trustees belleve that no material
uncertainties exlst. The trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The expected level of income and
expenditure is sufficient with the level of reserves for the Associatlon to be able to continue as a goin8
concern.
INCOME
All income is recogni5ed in the Statement of Financial Activities once the charity has entitlement to the funds,
it Is probable that the income will be received and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the settlement date. If
there are conditions attached to the donation and this requires a level of performance before entitlement can
be obtained then income is deferred until those condition5 are fully met or the fulfilment of those conditions is
within the control of the charity and it is probable that they will be fulfilled.
The charity receives grants from other third parties in respect of its activities. Grants receivable from other
third parties are recognised at fair value when the charity has entitlement after any performance conditions
have been met, it is probable that the income will be received and the amount can be measured reliably. If
entitlement is not met then these amounts are deferred.
Page 14
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POUCIES- contlnued
INCOME
Investment income is earned through holding assets such as cash on deposit. It includes interest receivable.
Interest income is recognised using the effective interest rate method and is recognised as the charity's right to
receive payment is established.
EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably.
Expenditure is cla5slfied by activity. The costs of each activlty are made up of the total of dlrert costs and
shared costs including support costs involved in undertaking each attivity. Dirert costs attributable to a single
attivity are allocated directly to that activity. Shared costs which contrlbute to more than one activlty and
support costs which are not attributable to a single activity are apportioned between those artivitie5 on a basis
consistent with the use of resources. Central staff cost5 are allocated on the basis of time spent and
depreciation charges allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the oblects of the charity and
Include projett management.
Governance costs are those costs incurred in meeting the compliance requirements in connertion with the
operation of the charity as an entity.
TANGIBLE FIXED ASSErs
Tangible fixed assets are carried at cost, net of depreciation and any provislon for impairment. Depreclation 15
provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases.
Freehold propertv
Office equipment
Computer equipment
over 60 years.
over 15 years.
over 10 years.
Freehold
ro
Freehold property held by the charity and not considered to be a heritage a55et is shown in the balance sheet
at a depreciated replacement cost belng the current cost of replacin8 an asset with its modern equivalent asset
le55 deductions for physical deterioration and relevant forms of obsolescence and optimisation.
HERITAGE ASSETS
The trustee5 consider both the museum element of the freehold bulldlngs at Newman Brothers Coffln Fitting
Work5. and the collettions contained within. to be heritage assets. These heritage 355ets are held in support of
the charity's objective of pre5ervin8 and enhancing Birmingham's threatened architettural heritage and
promoting an enjoyment and understsnding of the city's historic buildings.
The proportion of the charity's freehold building5 that comprise the Newman Brothers museum is recogni5ed
at cost. The trustees deem this policy to be appropriate given the historic nature of the buildings and the
nature of the charity's activities which ensures that the building5 are maintained in an excellent state of repair
to be enjoyed by future generations. The relevant proportion of the freehold buildings has been determined
with reference to the footprint.
Page 15
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL sTATEME￿s- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
AccouMnNG POUCIES- continued
HERITAGE ASSETS
It is the policy of the charity not to capitalise the heritage assets held in the collettions of the charity. These
items were either found within the Newman Brothers Coffin Fittin8 Works after it was purchased or are small
items that have been donated by former employees or associates of the previous occupant. Whilst the
contents of the factory are a fundamental part of the heritage of the factory and represent a fascinating
picture of life in a Wictorian factory in Birmin8ham, there is little or no commercial value to these items and
they are mstly irreplaceable. As a result. the trustees believe that any financial based valuation would be
misleading of the value and significance of the items and, furthermore, the cost of undertaking such a
valuation is deemed to outweigh the benefit as the charity would not look to dispose of any items.
No depreciation is charged on heritage assets as the a55ets afe deemed to have indeterminate lives. The
trustees will consider at least annually whether there has been any impairment to the carrying value of anv
capitallsed herita8e assets.
INVESTMENTS
Fixed asset investments are a form of financlal instrument and are initially recognised at their transaction cost
and subsequently measured at fair value at the Balance Sheet date unless fair value cannot be measured
reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or
unrealised, are combined and shown in the headin8 "gainslllossesl on investments" in the Statement of
Financial Activities.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks and other third parties
INVESTMENT PROPERTY
Investment property relates to a parcel of land and is shown at a nominal value.
TAXATION
The charity is exempt from corporation tax on its charitable actlvlties.
FUND ACCOUNTING
General funds are unrestrlcted funds which are available for use at the discretion of the trustees in furtherance
of the general objectives of the charlty and which have not been designated for other purposes
Designated funds comprise unrestrlcted funds that have been set aslde by the trustees for partlcular purposes.
Restricted funds are funds which are to be used In accordance with speclflc restrictions imposed by donors or
which have been raised by the charity for partlcular purposes. The costs of ralsing and adminlstering such
funds are charged against the specific fund.
Further explanation of the nature and purpose of each fund is inc5uded in the notes to the financial
statements.
FINANaAL INSTRUMENTS
The charity only has financlal a55ets and financial liabilities of a kind that qualify as baslc financial instruments.
Basic financial instruments are inltially recognised at transaction value and subsequently measured at
amortised cost.
Page 16
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL 5TATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- contlnued
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activlties in the period to
which they relate.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF EsnMATION UNCERTAINTY
In the application of the charlty's accountlng policies, the trustees are requlred to make judgements, estlmates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
other sources.
The estimates and underlylng assumptSons are revlewed on an on80ing basis, Revisions to accounting
estimates are recognised In the period in whlch the estimate is revlsed where the revision affects only that
perlod or in the period of the revision and future periods where the revisSon affects both current and future
perlods.
Critical accountSng estimates are consldered to be the valuation of heritage a55ets and fixed asset Investments.
DONATIONS AND LEGACIES
2024
2023
Donations
Gift Aid
Grants receivable
8.322
3,621
1,193
10,975
8,322
15,789
OTHER TRADING ACTIVITIE5
2024
2023
Income from trading
9,449
8,037
INVESTMENT INCOME
2024
2023
Rental income
61.450
50,903
Page 17
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE AcrivrriES
2024
2023
Artivity
Charitable activities
Charitable attivities
Museum income
Grants receivable
71A36
33J04
52,315
105.140
52,315
Grants received, included In the above, are as follows.
Unrestrlrted
nds
Restrlcted
funds
2024
2023
Historic England -
Golden Lion Prolett fund
16,403
16,403
Ironbridge Gorge Museum-
West Midlands Museum
Development Ilronbrid8el fund
4,9)1
4,901
William A Cadbury
Charitable Trust-
General fund
2,OlXI
William Acadbury
Charitable Trust-
Golden Lion Project fund
10,000
10.000
2,000
31.304
33,304
CHARITABLE AcfiviTIES COSTS
Direct
Costs (see
note 81
Support
costs (see
note 91
Totals
Charitable activities
107,615
86.167
193,782
Page 18
continued..

81RMINGHAM CONSERVATION TRUST
NOTESTO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
DIRECT COSTS OF CHARITABLE AcrivrriES
2024
2023
Staff costs
Exhibition costs
Equipment and materials
Web and graphic design
Advertising
Interest payable and simllar charges
83ATI
8,694
6.425
72,251
7,821
4,830
4,614
1,430
52
3fi77
lo7￿15
90,998
SUPPORT COSTS
Informatlon
technolo
Support
costs
Governance
Costs
Totals
Charitable activities
73.223
86.167
Support costs, included In the above, are as follows;
2024
Charitable
activltles
2023
Total
actlvities
Repairs and renewals
Staff and volunteer training
Insurance
Utllities
Office costs
Sundry
Professional fees
Depreciation of tanglble flxed assets
Examiner's fees
lo￿44
5.755
7,160
26,076
8,861
167
6A46
11.744
8A26
6A22
5N18
16,539
7,217
4,216
16.891
86.167
66A23
io.
NEf INCOMEI(EXPENDITUREI
Net income/{expenditurel is stated after charging/{creditingl:
2024
2023
Depreciatlon - owned assets
16,891
16,539
Page 19
continued..-

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
TRUSTEES, REMUNERAnoN AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
TRusfEES' EXPENSES
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
12.
STAFF COSTS
2024
2023
Wages and salaries
Soclal security costs
Other penslon costs
80.626
L3Z7
1,524
69,920
995
1,336
83N77
72,251
The average monthly number of employees during the year was as follows,,
2024
2023
Management and administratlon
No employees recelved emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestricted
fund
Restrlcted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,813
976
15,789
Charltable actlvltles
Charitable activities
52,315
52,315
Other tradlng actlvities
Investment Income
8,037
50,903
8,037
50,903
Total
126,068
976
127,044
EXPENDITURE ON
Charltable artlvitie5
Charitable activities
141,886
15.535
157,421
NEf INCOMV(EXPENDITURE)
115.8181
114,5591
130,377)
Page 20
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENOED 31 MARCH 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- contlnued
Unrestricted
fund
Restricted
funds
Total
funds
RECONCILIAnoN OF FUNDS
Total funds brou8ht forward
103,084
1,462,285
1,565,369
TOTAL FUNDS CARRIED FORWARD
87,266
1,447,726
1,534,992
14.
TANGIBLE FIXED ASSErs
Freehold
property
Office
equipment
Computer
equlpment
Totals
COST
At l Aprll 2023
Additions
839.754
1.865
42,339
391
13,511
1,095
895,604
3,351
At 31 March 2024
841,619
42.730
14.606
898.955
DEPRECIATION
At l April 2023
Charge for year
157.032
12.624
19.155
2,833
5,294
1,434
181,481
I6￿91
At 31 March 2024
169,656
21.988
6.728
198?72
NEf BOOK VALUE
At 31 March 2024
671.963
20.742
7.878
700,583
At 31 March 2023
682,722
23,184
,217
714,123
Freehold property
Freehold property consists of the Newman Brothers Coffin Fittings Works and 15 a 8,748 square foot Grade 11
listed former fattory sltuated in Fleet Street on the edge of the historic Jewellery Quarter of Birmlngham. The
orlginal three storey premlse5 were built in 1894 and is a typical example of a late 19 century purpose built
fattory. A two storey wlng was added in the 19605 to increase produrtlon capacity,
The renovated bulldlng contains the Newman Brothers Museum which provldes visitors with an experience of
Birmingham'5 industrial heritage, the offices of the Birmingham Conservation Trust and a number of modern
workspaces which are rented out to local members of Bimiin8ham'5 creatlve community,
The proportion of the freehold property that comprises the museum is recognised at cost and treated as a
heritage asset with no depreciation being char8ed. The trustees deem this policy to be appropriate 8iven the
historic nature of the property and the nature of the charity's attivitie5 which ensures that the property Is
maintained in an excellent state of repair to be enjoyed by future generation5. Depreciation is charged on the
proportlon of the freehold property occupied by the charity and its tenants.
Page 21
continued...

BIRMINGHAM CONSERVATION TRUST
NOTESTO THE FINANaAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
HERITAGE ASSETS
Total
MARKET VALUE
At l April 2023 and 31 March 2024
750,454
NEf BOOK VALUE
At 31 March 2024
750A54
At 31 March 2023
750,454
Newman 8rothers Museum
The collections maintained by the charity are not capitalised.
When the charity acquired the Newman Brothers Coffin Fittlng Works all of the fartory's contents were left In
situ. This included large quantities of stock (such as handles, screws, breast plates and shroud51, papenmork
(such as sales ledger and catalogues), origlnal plant and machinery and a range of domestic and personal
items.
Whllst the contents of the factory are a fundamental part of the heritage of the factory and represent a
fascinating pitture of life in a Victorian factory in Birmin8ham, there is little or no commercial value to these
items and they are mostly irreplaceable.
As a result, the trustees believe that any financial based valuation would be misleading to the value and
signiflcance of the Items. Furthermore, the cost of completing such a valuation Is deemed by the trustees to
outweigh the benefit as the charity would not look to dispose of any items.
16.
FIXED ASSEf INVE5TMEMrs
Shares in
8roup
undertakln85
MARKET VALUE
At l April 2023 and 31 March 2024
15
NEf BOOK VALUE
At 31 March 2024
15
At 31 March 2023
15
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companie5 include the following:
Page 22
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANaAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
FIXED ASSEf INVESTMENTS. contlnued
Blrmlngham ConseNatlon Trust (Trading) Llmlted
Registered offlce: The Coffin Works. 13-15 Fleet Street. Birmingham, England, B3 IJP
Natu￿ of business: speciallzed construction activities
Class of share:
Ordinary £1
holding
100
2023
A88re8ate capltal and reserves
31
17.
INVESTMENT PROPERTY
FAIR VALUE
At l April 2023
and 31 March 2024
NEf BOOK VALUE
At 31 March 2024
At 31 March 2023
Investment propety includes a parcel of land. No valuation is available and therefore the land has been
included at a nominal value of £1.
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
Z024
2023
Trade debtors
Amounts owed by group undertakin85
VAT
I￿03
1.919
4,943
2,968
2.793
4.596
9,830
Page 23
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- conlinued
FOR THE YEAR ENDED 31 MARCH 2024
19.
CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxe5
Other creditors
Accruals and deferred income
I￿90
12,677
1.687
381
7m8
7,020
21.018
21,384
20.
LEASING AGREEMENTS
Mlnimum lease payments under non-cancellable operating leases fall due as follow5..
2024
2023
Within one year
Between one and five years
936
650
936
1,586
2,522
zi.
MOVEMENT IN FUND5
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
87.266
120,9731
66293
Restrlcted funds
Coffin Work5 fund
West Midlands Museum Development
Ilronbridgel fund
Golden Lion Project fund
IA47203
{14￿15)
IA32,388
523
(36)
26A03
26.403
IA47.726
11.552
L459,278
TOTAL FUNDS
1,534,992
(9,421)
1525.571
Page 24
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
21.
fvI0VEmE￿ IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
In funds
Unrestrirted funds
General fund
153.057
1174,030)
120373)
Restrlcted funds
Coffin Works fund
West Midlands Museum Development
Ilronbridgel fund
Golden Lion Prolect fund
(14A15)
(14AIS1
4,901
26,403
14,937)
(36)
16A03
31304
119,752)
11.552
TOTAL FUNDS
184,361
{193,7821
19,421)
Comparallves for movement In funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrlrted funds
General fund
103,084
115,8181
87,266
Restrlrted funds
Cofrin Works fund
West Midlands Museum Development
Ilronbridgel fund
1,462,285
115.0821
1,447,203
523
523
1,462,285
{14,5591
1,447,726
TOTAL FUNDS
1,565,369
130,3771
1,534,992
Page 25
continued...

81RMINGHAM CONSERVATION TRusr
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
21.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follow5:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlrted funds
General fund
126,068
1141,886}
115,8181
Restrfcted fvnds
Coffin Works fund
West Midlands Museum Development
Ilronbridgel fund
115,0821
115,0821
976
14531
523
976
115.5351
{14,5591
TOTAL FUNDS
127,044
1157,4211
130,3771
A current year 12 months and prlor year 12 months comblned position is as follows:
Net
movement
in funds
At
31.3.24
At 1.4.22
Unrestrlrted funds
General fund
103,084
136,7911
66,293
Restrlrted funds
Coffin Worksfund
West Midlands Museum Development
Ilronbrid8el fund
Golden Lion Project fund
1,462,285
129,8971
1,432,388
487
26,403
487
26,403
1,462.285
13,0071
1.459,278
TOTAL FUNDS
1,565,369
{39,7981
1,525,571
Page 26
continued...

BIRMINGHAM CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
21.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above
are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted fvnds
General fund
279,125
1315,9161
136,7911
Restrlcted funds
Coffin Work5 fund
West Midlands Museum Development
Ilronbridge) fund
Golden Lion Projert fund
{29.897)
{29,897)
5,877
26,403
15,3901
26,403
32,280
135,2871
13.0071
TOTAL FUNDS
311,405
1351,2031
139,7981
Purpose of Unrestrlcted Funds
This fund represents the free funds of the charity that are not designated for particular purposes.
Purpose ot Restrkted Funds
n Work
This fund represents charity assets to be used for the contlnued operation of the charity's Newman Brothers
Museum.
Wes
Mldla
d Museum D lo
nt
Ironbrid
fun
This fund represents fundin8 from West Midlands Museum Development towards energy costs.
en Lion Pro'ect f nd
This fund represents fundlng recelved in order to enable the charlty to commisslon a lead consultant to
Co-ordinate and deliver the Golden Lion feasibllity study as well as scope and cost a programme of emergency
repalrs.
Page 27
continued...

BIRMINGHAM CONSERVATION TRusr
NOTES TO THE HNANCIAL STATEMEMfs- contlnued
FOR THE YEAR ENDED 31 MARCII 2024
22.
REiATED PARTY DISCIOSURES
Blmilngham ((M￿e￿atIon Trust (Tradin8) Llmlted
At 31 March 2024 Birmingham Conservation Trust was owed £nll 12023: £4,912) from its tradlng subsidlary.
Blrniingham Conservation Trust (Trading) Limited.
Jack Hanson
During the year ended 31 March 2024 Jack Han50n, a trustee of Birmingham Conservatlon Trust until 14
Au8U5t 2024, provided a bridging loan to Birmingham Conservation Trust
Thls amount was repaid in full to Jack Hanson by Birmingham Conservation Tnjst as at 31 March 2024.
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