Charity Tegistratiom number 1068563 The Priest's House Museum Collection Trust ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The Priest's House Museum Collections Trust Contènts of the Flnanclal Stattm¢nt$ for th* Y•or Ended 31 March 2025 Pago 3to4 Trustees, Report Ind8pend8nt Examinerfs Report statent of Finan¢kql ActNrtie8 Balanc8 Sheet Notes to the Finanrial St8tem8nts 6t07 9t015
The Prle$t's House Museum Collection$ Trust Report of the Trustees for thè Yèar Ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT The Prst's House Museum Colknlions Trust charlty number 1068563 Ilhè Chartly} whose principal offe is 23-27 Pligh Street Winbornè Dorsèt BH21 1HR is governad by a Déad ofAmendment Retirernerit and Appoinlmenl dale(l the 31 Decembtrr 2024. Thé document apponted The Prst,$ House Museum Trusl l¢ompany number 03488337 and charity number 10685401 to ba tha sol& Corporate Trustee. Thé Trustees presenl their report with the finan¢hg1 statements of the charity for year ended 31 March 2025. The Trustees have adopted the provisb)ns of A¢¢ounting and Reporting by Charrties.. Statement of R0Mmanded Ptactice applicabje to charities preparing their accounts in acgordan¢e with the Financial Reportaig Stsndard appficable in the UK and Republi of Ireland {FRS 1021 lJ8rhuary 20221. The Charty's objects are set out in the Deed of Amendmenl, Appoinlrnent 8nd RelirernérkL The Charty s objects are.. lil. To encourage and promote knowledge of archaeok)gy, ethnology. history. natural history and kindred sciences and painting and arts and ciafts e5PEciaW in relatKJn to the town of Wimborne Mirk%ter. the di%trit of East Dorset and the county of Dorset. liil. To est3bli5h and maintain a pemanenl co1Ction of artefacts. volumes docurnenls of scEntrfK. hkstorical or general interest. rnaps. piciures. records, photographs. tnodels and simiLar obj'ects and lo promote exhibitions involving Ihè exchange and k)an ol items and coltiJns. Thè Charty has no staff and no membership. It is managed by slaff empfoyed by Ihe Ctxporat8 Tmsteè and M racharges to the Prst,$ House Museum Trust on an monthly basis an amount that covers expenditure directy spent for the benefft of the Coltection in fUilling it5 charitable objectwes. PUBLIC BENEFIT Thè Corporate Trustee has referred lo th8 Charrty Commlssion's geneTal guKlance on public benefft when rttvièwing thè Charrty's aims and obkctives and in pLqnnl)g aCtIbes. RISK MANAGEMENT A risk management 51rategy E balng developed by the Corporale Trustee a$ part of the Business Planning process for The PrSI.S H¢us• Museum Trust ensure that aTh SIgn¢ant rlsks faclng the Trust are identrfied. and mitbJalions put in place whére appropriate. This will be included in the Bus$ Plan and approved by the 8oard in aulurnn 2025. Thg Trust's rlsk status will then be reVwed and reported on 8 règular basis. OBJECTIVES AND AcTIVlEs A¢hl•vem•nts Care of Ihe Col*tK)n continues to museum and con5ervathon standards. A pofjcy has been developed lo dè81 with dLSpOsa. Colkcii)ns volunteers continue lo grow in numbers and have receNed training. as approprkqte, to support a range of activities Including pest control. data k)g9w, condth.on reporting. idonttying items for dispos31. and retUrnW k)aned items. Others assBI in research for exhibitvjns and curating dispkys. There are Learns whh specialise in the ongoing dbJfCatIo of the photograph archnie and the recording of the Charty's Colkclion on Modes CO1ctIOnS an management sofv8re. Future plans Fulur8 pnS ¢de expanding the research team to work as part of the Or81 History Group. They WM be trained in making timed Summar¥, recording new oral historEs. and will 8SSiSt in r8S8arching any Signrfant Ihemes or events that can be used in ftjture eXhibrtS or on the Museum's touch scre8n iiteractsv&s. There have b88n no s1gnffant acquisfCiOnS. FINANCIAL REPORT ReseNes Pollcy Th& Corrxjrale Trustsa ravSaws the reserves policy on an annual basis to consider the gap betsveen the spending and re¢8iving of income and to ensure that sufficient Iquid resources are availab lo meet liabilities as they f811 due. in thè evènt of a shortfal in investment incorne. The Corporate Trustsg has sgt a target for free reserves IUnre5tricled reserves b$8 frxgd asset Investments) of £100.000 whrch will cover one year of lotsl unreslricted operating oxpenditure and additlonal one off expenditure requir&m¥nts that may arLsg for the benefft of the co1ction in ts charitab oblec(fves. Free reserve$ 8$ at 31 March 2025 wer$ £104,9S9.
The Prt•st'8 Houstr Mu$•um C¢ll•¢tlons Trust R•port of th• Truslèos for the Year Ended 31 March 2025 eontSnutd Flnanelal Rovlèw Tho Trust hekl inveslment assets of £1.677,54312024.. £892.692}- The kqTge mc$ is due to the Sa of properties donated v0 8 legacy during the y&ar ending 31 March 2022. whh was previ)US a¢¢rued as incixne Into the financhil statÈm8nts. In additK)n. the Trust hekl cash on deposit of £138.653. Total revenue income of Ihe Trust i8 £85.62612024: £4,800). £67,559 of the incorne is the final payment of a18g3cy {on the sale ol the ptopertyl made to the Trust in Ihe year to 31 March 2022. £115 i% for the sale of collection items and £17,952 is invesknent Dicome. InvgStm•nt Pollcy The Charty receNes an income from the wrlfoli) managed by Ch8Tbs StanY 8S W81 as Int8rest from cash hekl on deposiL The Ctsrporale Trustee has k)itlaled Ihe procedure lo move the currenl account to online bankiig. The current account holds a suffi¢ènt sum for the Charty lo meet ib Month recharge ¢osts. Any surplus is transferred to interesl bearing accounts. Exlsbng investments remain on deposit at Ihe besl rate avaiLgble with organis8tKJn$ authorssed by the Financiql Conduct ALrthority and covered by the Fnancral ser¥e8 Authorty. Inv8Stm8nts. iicludng the portfolo. will be made in line wtth the Museum AssociatK)n's Code of Elhlcs. REFERENCE AND ADMINISTRATIVE DETAILS R•gi$t•r•d Charity Numb•r 1068563 Regl$tgred Offlt• 23127 High Street Wimbome Dorset BH21 1HR Trustees The Priesfs House Museum Trust Icorporale Trustetrl Indèpendent Examiner Miss J A RhardsOn FCA FCCA DChA 32 Award Road Wimborne Dorsèl BH217NT AppTO ed by the Iruslees of the charty on . 2nEI signed on its behaff by.. Sara arshall hairl On behaf of Corporal6 Trustee (Thtr Prwt'$ House Museum Trustl
The Prlèst's House Museum Coll?¢lions Twst Independent Examinerfs Report to the Trust•ts of Th¢ Prf•st's House Museum Collections TNst report to Ihe charty Irustees on rny ex8mlnaiKffi of the 8¢¢ounts ofthe eharty for the year ended 31 March 2025 RP•¢I• responslbllltles of twstees and examiner As the trustèès tsl th& Charily you are responsible for the preparation of the ac¢ounl¥ in a¢cordanoe with the requiremenls ol the CharilS Acl 20111.lhe ACYI. I report ty) respecl of my examinath)n of the PrSyS Housg Museum Col1èct)n Trust account carrEd out under section 145 ofthe 2011 Act and in carrying out my axaminath)n I have lollowed all the applcable DTectK)n$ gNen by thè Charily Commlssion under section 145(51{b) of the ACL Ind*p•nd•nt examSn•rfs statement I hav8 complele(I my ex8minalv)n. I confirm that no material matters have Corne to my 8ttentk)n connection with Ihe examination giving me cause lo beleve that in any mat¢rlal rèspèct 1. accountkng re¢dS were not kept n respect ol the Prlesfs House Museum Coltjn Trust as required by Section 130 of Ihtr kt. or 2. th8 a¢¢ounts do nol accord with those records,. or 3. the a¢cwnls do not eompty with Ihe accounting requirements concerning the forrn and contènt of accounts sel out li Ihe CharItS IAccounls and Reportsl regul8tk)ns 2008 olhèr than any rtsquirement that the accounts gfve a Iwe and fa view whh is not a matter consHlered as parl of an independent examknatn. I havè no conc8rns and have come across no other matters in Connecti wrfh thè examlnalion to whh attenlDn shoukl be drawn on th report n order to gnablg a proper understanding of the accounts io be reached. iss JA Ri¢hwd$on FCA FCCA DChA Datè .
Th• Prle8t's Hou8e Mu¥ttum CO1ctIOnS Trust Stal•m•nt ol Fln•ncl81 Aetlvltle5 for the Year Ended 31 Mar¢h 2025 2025 Total funds Notes UnreStrted Restricted INCOME AND ENDOWMENTS FROM Donations and legacies Charitablg acVS Investrment incorne TOTAL 67,559 115 67,559 115 8S.626 85,626 EXPENDThURE ON ChaTitable aGlwit*$ TOTAL 50.337 Unr•ali8td galn¥ ond losses 17.336 NET IEXPENDITUREII INCOME 52.625 52,625 Transfer between funds 119,626 1119.6261 Net movement in funds 172,251 1119.6261 52.825 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 1,610,251 119,626 1,729,877 TOTAL FUNDS CARRIED FORWARD 1782 502 1782 502 The notes form p8rt of th¢$e ffin8n¢lal statements
The Prl?st'8 House Museum Collection5 Trust Prfor year Slatèmtnt ol Finan¢lal A¢tlvltl•$ for th• Year Ended 31 March 2024 2024 Total funds Noles UnreStrted Restricteil INCOME AND ENDOWMENTS FROM Donati)ns and legacies Charitabk ac*vities Investment inc0rn9 TOTAL EXPENDITURE ON charitab a¢thvities 28,284 28,284 TOTAL NET (EXPENDVRE)1 INCOME 123,4841 123,4841 Gainsllo$$•$ on Inv&stm•nt assets 23.066 (5711 22.495 Transfer between funds Not mov•m¢nt In funds {4181 15711 1989} RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 1.610,669 120.197 1.730.866 TOTAL FUNDS CARRIED FORWARD 15 1610 251 1729 877 The nole5 form part of these financial stalèments
The Priest's House Mu$um Collèetlons Trust Balanc• Sheet 31 March 2025 2025 Total funds 2024 Total tunds Not8 Unrestrl¢t•d R•8trl¢t¢d FIXED ASS8 Investrnenls Total fixed asstrts 12 1,677,543 1,677,543 1,677.543 1,677.543 892,692 892,692 CURRENT ASSErs Deblors Cash at bank and hand Total cuThent assets 13 800.000 58,450 858,450 138.653 138,653 138,653 138.653 cREDoRs Amounts falllng due wlthln one year 14 133.694} {33,6941 {21,265} N¥t currènt assèts NET ASSErs 104.959 1.782 502 104.959 1 782 502 837,185 1729 877 FUNDS OF THE CHARITY RestrKted funds unrestsled funds 119,626 1.610.251 1.782.502 1.782,502 TOTAL FUNDS 15 1.782 502 1782 502 1729 877 The financkql slalements were approved by the B08rd of TrLtrStees and authorised for issue on............................................. and were skJned on it$ behaw by.. Marshall IChair} On b¢half of Corp¢rnl• Tru$t*p (The Prlest's House Mu$eum Trust) The notes form part of these financial slalements
Th• Prf•st's House Museum Colltr¢tlons Tmst Notès to th• Flnanclal Statemènts for the Year Ended 31 Marth 2025 1 LEGAL FORM I CHARITY STATUS The ¢harty is gov$Tnad by a Deed ol Amendment Retirerh&nt and pointment dated the 31.12.2024. The document appointed The pr¥S Hous6 Museum Trust (company number 03488337 and charity number 10685401 lo bè thè sts Corporata Trus(ee. The addrèss of its registered office and princip place of busw$$ is= 2>27 HvJh Street WimboTne Minsler Dorsel BH21 1HR 2 ACCOUNTING POLICIES Summary of significant a¢countin9 policie5 and key a¢counting estimates Th8 principal accounting pOlS apPld in the preparatKJn of these financial staternents are set out knw. These wkcies have been Consistent applEd to al the years ptesented. Un$$ otherwise stated. Statement of compllance The financial statements have been prepared in accordance wtih the second editi)n of the CharrtS Statement of Recornmended Practtce issued in October 2019. the Financkgl ReporlThig SlatMJaTd appkable in the United lfjngdom and Republ of IT8nd IFRS 1021 and Ihe Charitps ALI 2011. Basi$ of prpparing th• financlal stat•m•nts The Priest's House Museum CokctK)n Trust 15 8 registered charty, registration number 1068563. registered in the United Kingdom. Thg 8ddrèss of ihe charity is given in the reference and adminkstrathvo detads on page 4 of these financkql slalemenls. The nature of the ¢harly'$ operat)n$ and Principal aclwities are lo save and care for objècts r¢lating to East DorseL The charNy constitutes a pubThc befrt &ntity as defingd by FRS 102. The f•)ancial $tstgments are prepared on a going concern basis under the hisloTr¢al Cost conventlon. modrfd to Diclude certain iterns at fair value. The finan¢ial statements are prepared in sterlng which is the funCtn81 currency of the charty and rounded lo the nearest £. The stgnrficant accounting policiè$ appled in the preparalbn ol ¢hese financial stat&menls arts sei oul beknv. These polS have been conststtrn1ty applied to all years presenled unS othejwise stated. Golng eoneèm The Iruslees consKler that there 8r8 no matèrkal uncèrtahtks about Ihe charty's abilty lo continue as a going concèrn. Income and endowments Voluntary income including donatan$, grfts. legacies and gr8nis Ihal wovKle Goré funding or are of a general nature is recognised when lh8 charity has ntitrem&nt to the iKome, it is probable thal the income wri be recewed and Ihtr 8mount can be measured wtth sUffnI reliablty. Donatlons and legacies DonalK)ns are recognised on a recewable basis when receipt rs probat4e 8nd th8 amount can be reabty measured. Legacy grfts are recognised on a case by case basts following the grant of probate when the adrninistratOT/ execLrtor lor the estate has communicated in wiiting both the arnount and settlemenl date. In the evgnt that grft is in th8 form of an asset other th8n cash or a ffinan¢ial asset Iraded on a r8cognised stock exchange. recognithjn is subject to the value of the gift beg reli4b rneasurab vAth a degree of reasonable ac¢ura¢y and Ihe litle to Ihe asset having been transferred to the charty. Investment Income Investment income is recognised on a reCeable basis. Exp•ndltur• AJI expenditure is recogni5 ¢Jnce there ts a lega] or constructive oblwJalK)n lo that expendrture. rt 15 probabb settlement is requred and the amount can be measuTed refiab. AJI costs are a1Cated io the appIab expendrture heading that aggregate simlar costs to ihat category. Where costs cannot be directty attributed to partrukqr he8dings they havè been allocated on a basis ¢onsistent with the use of re$ourcés, wilh eèntral staff costs ak)cated on the basB of time spent. and depre¢iats"on harS akncated on the portton ofthe asseys use. Other $UPPtsTt costs ar• allocatèd based on the spread of staff ¢o$ls. All resources expended are Inc$19 of Irr0Ver?h19 VAT. Chatable activities Charitabb expenditure ¢ompri%es those costs incurred by the charily in the delwery of its act1&$ and serveS for its beneficiaries.11 include8 bgth costs that can be alk)cated direclty to such activities and Ihostt costs of an indirect J)ature necessary lo support them.
Th Prfost'$ Hous• Mus•um Colloctlons TNst Noles to the Financial Statements l¢ontlnu•dl for the Year Ended 31 Mar¢h 2025 2 ACCOUNTING POLICIES Icontlnuedl Gov•mance costs These Incbjde the costs attributable to Ihe charty's complwnce with ¢onstitulb)nal and statutory requirements, ClUdIng audit or Independent aX8mSnatk)n, Strateg management and trustees meetfftgs and reimbursed expen5e$. Taxation The chaity i5 conSered to pass the tests sel out in Paragraph 1 Schedula 6 ofthè Flnanee Act 2010 and Iherefore r( meels the definition of a charitable company for UK corporatrjn tax purposes. Accordingty, the charity 15 Potentialty èxempl from taXatn in respect of income or c8pit81 gains received within categDrs covwed by Chapter 3 Part 11 of the CorporatKTrn Tax Ad 2010 or Section 256 of the TaxatKJn of Chargeable Gains Act 1992. to Ihe extent that such income or gains are appled exclusively to charitable purposes. H•¥itag• a$8•ts Slice 1962 the museum and subsequent trusts have devgloped the col8etion to rèflect the history of Wimborne and East Dorset and the poIY for the acquisiti)n, près6rv81ion. man8ment and dtsposal is Coverèd by the COllectn.$ Development poky Irevlewed and updated trnnty CUTTenl policy 2024 10 20271 and approved by the Arts Council for England as part of the Museum's Ac¢réditation. The accounts do not reffect the vae of Ihe heritage assets as the co81 or valuation b not 8vaiL8bl& and lo Obta Ihal inlormation WOU not bè finAnciaty or èthbaly Vrdb lor the benefit lo the users ofthe accounts. Fixed asset investm•nt¥ Frxed asset inveslmenis, other than programme rebted Investments. are fftcluded at market value at the bakncè shèét daté. Realtsed gans and bsses on invgslmtrnts arè c8kulatéd as the difference belween sales proceeds and their market value al the start of the year. or their subsequenl cost, and are charged or credited lo the Statement ol Financial ActNities in the perh)d of drK}saI. Unrealised gains and bsses represent the movement n market values duriig the ye8T are credrted or charged to the Stement of Financkgl Activrtie5 based the market vaknp at the year end. Cash and cash eguivalents Cash and cash equNantS comprise cash ijn hand and call deposib. and other 5hort-terrn Ipuid inveslmonts thal are readly convertible to a known amount of cash and are subpct to an insJnrftcanl rk of change in value. Fund structure Unrestricted income funds are general funds that are avatsbb ft)r use 81 Ihe tru$laès discretK)n in furtherance of the obieclNes of the charty. Deslgnated funds are unrestricted funds whh are resources sel 83ide for Sp1¢ purpos8$ * the dL%tre0n ol the truslees. Rèstrlctèd Income funés are those donated for use n a particular area or for specffic purposes, the use ol whrh L4 rtr$trkttd lo that area OT purp¢$e. 10
The Prfost's House Museum Collections Twst Not¢$ to tho Flnanelal St*èmonts Icontlnu8dl for the Year Ended 31 March 2025 3 INCOME FROM DONATIONS AND LEGACIES Unrestricted fund General R•strletèd funds Total 2025 Tot•1 2024 Donations and lega¢l•$ Legacies 67,559 67.559 67.559 67,559 4 INCOME FROM CHARABLE ACTivrriES Unrtstricttd lunds General Total 21125 Total 2024 OthÈr incomè 115 115 115 115 5 INVESTMENT INCOME Unrestrtcted funds G•n•ral Total 2025 Total 2024 Intarèsl racèr¢abl& on bank deposts Other Income from ftted assets invesiments 2,368 2,432 4.800 17.952 17,952 17.952 17,952 6 EXPENDITURE ON CHARITABLE ACTMTIES Total 2025 Tot•1 2024 Wages and Salari Governance costs (see note below} Sundry expenses Insurance Inv8StThènt rnanagemenl fees Legal and profess31 lee 30,36fj 9LX) 7,423 563 7,485 3.600 22.153 1.554 608 3,960 28 84 7 APIALYSIS OF GOVERNANCE AND SUPPORT COSTS Unr•strtet•d funds Gèn•ral Total 2025 Total 2024 Independent examiner's fee 900 900 8 NET INCOMINGIOUTGOING RESOURCES Nel outgoing rgsourcès for the year include: Total 2025 Total 2024 Irependent examinèrfs fè& 11
Th¢ Prfest's House Museum Collectlons Trust Note8 to the Flnan¢lal Stat•mants Icontinuèdl for the Year End 31 M#rch 2025 9 TRIJSTEES REf4qUNERATION AND EXPENSES No trustees. nor any persons connected wf(h Ihom. hav$ receN8d any remuneralijn trom the chariiy (furing Iho yèar, No Iru$teos have received any other benoffts from Ihè charty during the year. 10 STAFF COSTS The aggregate payrol costs were as lolows- 2025 2024 Staff costs durlng the year were.. Wages and saTreS 30.366 22.153 The Month average number of persons employed by the charty during the year expressed as full time equwalents was as foLk)w5.' 2025 No. 2024 Empby8as No empbyee receNed emoluments of more than £60,000 dur the year. Wagès and saL4ries are recharged through Thè Priast's House Museum Trust {see note 171. The lotsl émptoyee benefrts of the key management personnel ofthè eharty were £27,93812024- £22.1531. 11 TAXATION The ch8Tr¢y 4$ a reglslered charty and is therefore exempl from taX8tK)n. 12
The Prlesl'$ House Museum Colleetlon$ TN$t NotÈ5 to the Flnanclal Stat¢m&nts Icontlnuedl for the Year Ended 31 2025 12 FIXED ASSET INVESTMENTS Other Inv•stments Llsted Inv&stment$ Total Cost or Valuation At Aprl 2024 Rèv8lu8lon Add¢tions 892,692 892,692 784.851 784,851 At 31 March 2025 1.677.543 1,677.543 Nel book vae At 31 March 2025 At 31 March 2024 1,677,543 892,692 1,677,543 892,692 All Investment assets were hekj in the UK 13 DEBTORS 2Q25 2024 Accruerj iicome 800,00(1 14 cREDORS. Amounts falling due within one year 2025 2024 Other creditors ¢ruaLs 32,794 900 19.711 1.554 13
The Prtest's Housè Museum Colleetlons Trust Notes to th• Flnanclal Statemènts Icontlnuedl forth¢ Yèar End•d 31 Mareh 2025 15 FUNDS Balance at 1 Aprll 2024 Bal4n¢• at 31 M#reh Z025 In¢om• Expondlture Transfers Unrestri¢ttd tunds G•neral 30.251 102,962 50,337 119,626 202,502 Deslgnated Dèsvjnét Fund 5.000 5,01)0 I wir6 Legacy Total Designated 1.575.000 1.580.000 1,S75,000 1,580,000 TOTAL UNRESTRICTED FUNDS 1.610,251 102.962 $0.337 119.626 1,782,$02 R•strict•d Legacy R•stricled funds Total restricted fund5 119.626 119,626 119,626 1119,626 TOTAL FUNDS 1.729,877 102,962 50,337 1,782,502 Balance at 1 Aprll 2023 Balance at 31 March 2Q24 Income Expenditure Oth•r ro¢ogr)l$èd gains and 10ssg$ Unrestricted funds General Designated DestrJnated Fund l 1$ Legacy Total Deslgnated 30,669 4,800 28,284 23.066 30.251 5.000 1.575,000 1.5È0.OIMI 5.000 1.575.000 1.580,000 TOTAL UNRESTRICTED FUNDS 1,610,669 4.81x1 128,284} 21066 1.610.251 Ro•trict•d funds Restrlcttrd funds Total re¥tri¢ted funds 120,197 120,197 15711 1571 119.626 119,626 TOTAL FUNDS 1,730,866 4,800 28.284 22,495 1,729,877 The specrfK purposes for whh the fvnds are to be applied are as folh)ws-. Restrlcled funds: The iestricled fund reLqted lo the orioinal fixed asset investrnènts héld by tha charty. Thè Invèstment portfolio does not have any restrtIOnS aNached to it and should be ufised for general Charitablg expgndrfure in accordancé with the objects of the chaTty. It has Iherèlorè baen Iransferred lo unrestricted funds #i the year to 31 Mar¢h 2025. D•signated funds: The des*Jnated reserve fund of £5,000 1$ a general reserve The dosignated ieseTve fund of £1.575,000 is regardftw the I WI11 Legacy The Trustees will be considering the purpose ol the desianated funds and thè requrements of spèclfk projects during the fnancial year lo 31 March 2026. 14
The Prlesl's HOU Museum Collections Tru¥1 Notes to the Flnan¢ial Statements Icontinued} forth• Year Ended 31 March 2025 16 ANALYSIS OF NEf ASSETS BET1EN FUNDS Unrestrfcted funds General D•slgnated Re$tri¢ted funds Total funds at 31 March 2025 Fvxed asset Iwestments Curr&nl assets Current liabllEs Total net assets 97.543 138.653 133,6941 202,502 1.580.000 1.677.543 138.653 (33,6941 1.782,502 1.580,0 Unrnstri¢ted funds G•ner•l Deslgnatod Rèstrictèd funds Total fund$ at 31 March 2024 Ft%ed assel inveslments Current assets Current liabilitk*s Totsl n&t assets 773.066 806,934 119.626 892,692 858,450 121,2651 1.729,877 51.518 121,2651 30,251 1,580,000 119.626 17 RELATED PARTY TRANSACTIONS During th$ year thè charty made the following related party transactions.. The Prle$t's House Museum Twjt (The tsi)le Corporate Trusleel During Ihe year £37,78612024.. £27,3421 recharges of storage and salary costs wefe incurred and are due to The Pr$1.3 House Museum Trust. At the baLince sheet dale Ihè amount due to Thè Pitèst's Housè Museum was £32.79412024- £19,710). 15