REGISTERED COMPANY NUMBER: 03203702 (England and Wales
REGISTERED CHARITY NUMBER: 1071244
Report of tho Trustees and
Unaudlted Flnanclal Statements for the Year Ended 31 December 2023
for
HASLEMERE EDUCATIONAL MUSEUM
KNOX CROPPER
£*artere¢ acco￿n[antS

HASLEMERE EDUCATIONAL MUSEUM
Contents of the Flnan¢lal Statements
for the Year Ended 31 December 2023
Page
Report of the Tru8tee8
. Independent Examlnerf8 Report
Statement of Flnanclal Actlvltl88
Balance Sheet
Notes to the Flnanclal Statomonts
10 to 21
Detalled Statemont of Flnanclal Actlvltlos
22 to 23

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2023
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 December 2023. 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 Republic of Ireland IFRS 1021 {effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Strategies to achleve the year's objectlves
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The Trustees have produced a five year plan covering the years 2023 to 2027. The plan identifies the
continued promotion of the Museum as an educational and cultural centre and the engagement of as broad
an audience as possible by a full and varied annual programme of events and activities. This is achieved by
encouraging and supporting visits and visitors for events for both existing and new audiences.
An extensive annual educational programme has been identified, leading to the promotion and use of the
education room and grounds of the Museum and further expanding the number of schools and Ioc81
organisations that use the facilities. This is achieved through a combination of the Museum's website,
development of leaflets and promotional material as well as continued contact with schools and other
organisations.
ActlvStle8 and achlevements durlng the year
The Museum has served the town and beyond since 1888. providing education and entertainment and is
fully integrated into the fabric of the town, organising and supporting many of the activities which make
Haslemere so special.
Visitor numbers {which include those benefitting from outreach activities) showed a welcome increase to
35,600 (2022- 31,914}. This is still below the pre-covid numbers of 40,177 in 2019.
FINANCIAL REVIEW
Flnanclal posltlon
The net excess of expenditure over income of the Museum for the year ended 31st December 2023, before
gains12022 losses) on investments was £131,51012022'. £118,323).
The Museum's investment portfolio generated gains of £147.208 {2022 losses of £258,580). As a result of
the favourable market conditions £300,000 of investments were sold during the year with the money partly
bein9 used to fund the Museum's deficit and partly being placed on deposit to take advantage of the high
interest rates available. The total value of the investment portfolio at 31 December 2023 amounted to
£1,629,144.
The Museum depends on the income generated from its investments produce to assist in funding its core
and ongoing activities. This investment income is a vital source of funds and assists the museum in reducing
its operating deficit.
Total funds carried fomard at 31st December 2023 were £2,195,253 (2022.. £2,179,555}. of which
£1,612,792 was represented by unrestricted funds12022: £1,560.872} and £582,461 (2022.. £618,683) by
restricted funds.
Page 1

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Prlncipal fundlng sources and expendlture In the year under revlew
The Museum is reliant on the income earned from various sources to meet its costs, including entry
donations, educational income, room hire, membership subscriptions, individual donations, bequests and
grants from various bodies. It also generates significant income from its investment portfolio.
Donations received showed a welcome Increase from £24,648 in 2022 to £53,931 in 2023. However, this
increase was more than offset by a considerable reduction in grants received from £40,118 In 2022 to
£8,810 in 2023. Haslemere Town Council continues to support Visit Haslemere for which we are very
grateful.
Investment income, which principally relates to the investments underpinning the Museum in a Million
Endowment Fund together with the interest received from cash deposits was maintained at a similar level to
the previous year at £60,747 {2022.. £58,587). This income is vital to assist the Museum in reducing
operating deficits which are forecast to continue in future.
The Museum's income from trading activities increased to £74,494 from £73,103 in 2022. Total income
which amounted to £226.611 was maintained at a similar level to that achieved in 2022 {£229,5601.
Total expenditure increased to £358,121 {2022'. £347,883) This was primarily due to increased energy costs
which amounted to £38,382 12022.. £25.620} and the increased costs relating to events and exhibitions.
Repairs and maintenance costs continue at a high level, a consequence of the Museum being located in a
large listed building.
Investment pollcy and oblectlves
The investment objectives are to generate a sustainable income stream which at least maintains its real
value in future years and at least maintains the capital value over the long term. To reduce risk, the Trustees
have taken advantage of common investment funds, as they concluded that these funds offer the most cost
effective access to a well diversified portfolio ihat reasonably matches the Museum's requirements and
objectives.
During the year the investmeni funds were invested in the COIF Charities Ethical Investment Fund. This fund
is managed by CCLA Fund Managers Limited, one of the UK'S largest charity fund managers. The
investment fund is a mixed asset fund which comprises a diversified portfolio of assets with a substantial
exposure to overseas equities with the aim of providing a good level of income and long-term protection from
Inflation.
The Ethical Investment Fund adheres to an ethical policy that imposes a range of investment restrictions.
The Fund aims to pursue a long-term sustainable investment solution which incorporates environmental,
social and governance {ESGI considerations into the investment strategy.
Page 2

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Reservos policy
The Trustees have agreed a policy to hold unrestricted and undesignated reserves equivalent to at least six
months expenditure. which at 31 December 2023 amounted to £179,060 (2022: £173,941) based on 12
months expenditure policy}. These reserves are held in bank accounts or in readily realisable investments.
But for the existence of the Museum in a Million Expendable Endowment Fund, the Trustees would have
considered it necessary to agree a policy to hold unrestricted reserves equivalent to at least four years,
annual expenditure. Total unrestricted reserves at 31 December 2023 amounted to £1,612,792 (2022..
£1,560,872)
The reasons why the Trustees consider reserves at this level are required are as follows..
Most of the Museum's expenditure comprises fixed costs which relate to the running of the
Museum. The majority of this expenditure comprises non discretionary establishment and staff
employment costs. Establishment costs are high as the Museum is located in an 18th century listed
building set in large grounds.
The Museum is critically dependant upon volunteer workers in order to be able to maintain and run
its activities. Annual expenditure would increase by around 500/0 if commercial rates were paid to
individuals or outside agencies to carry out the work currently undertaken by volunteers.
With the exception of the investment income generated by the designated funds, only a small
proportion of the Museum's annual income can be regarded as regular recurring income.
Despite the Trustees keeping a tight control over expenditure, the Museum's budgets for 2024 and
the coming years anticipate operating deficits (an excess of expenditure over income) in each
future financial year. This deficit is after taking account of the investment income generated by the
expendable endowment fund.
The principal purpose of the Museum in a Million Expendable Endowment Fund is to generate income to
assist in securing the Museum's future. The investment income generated from this Fund provides regular
income which partly offsets the annual running costs of the Museum as well as reducing the Museum's
annual deficit.
FUTURE PLANS
The Museum has a full programme of events, exhibitions and activities planned for 2024. Our future plans
include the upgrading of the Museum's building fabric. The programme of works is part of a sustainability
strategy that aligns closely with the Museum's mission and Is an investment that will save money over the
longer term. The programme of works includes upgrading and refurbishment of the former Curator's house
so that it can be commercially let which is then anticipated to generate a significant ongoing income stream
for the Museum.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is a company limited by guarantee whose objects and powers are set out in the Articles of
Association.
Page 3

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charlty constitution
The Museum was founded in 1888 by Sir Jonathan Hutchinson FRS, an eminent physician and surgeon.
In 1996 the Museum was incorporated as a Company limited by Guarantee as Company No.3203702. As
such it has its Board of Directors, and a Management Committee that reports to the Board. The Museum is
gistered with the Charity Commission as a Charity, No. 1071244, the Trustees of which are also the
members of the Board of Directors of the Company.
The Company holds certain properties comprised in a conveyance dated 5th June 1925 and a deed dated
22nd March 1926 as a Trustee for a separate unincorporated charity No. 1054842 named 'Haslemere
Museum Charity, whose objects are to lease or loan the propety to the Company or any other charity for any
educational or other charitable purpose in such manner as the Trustees see fit. Having regard to the
complexity of the inter-relationship be￿een the respective charities No. 1071244 and 1054842 it has been
separately agreed by the Charity Commission that the Trustee's Report and the Accounts of the former may
incorporate the affairs and financial transactions. if any, of the latter.
Organ18atlonal Structuro
The Board of Directors are legally responsible for the overall management and control of the Museum. Full
board meetings are held six times a year scheduled in advance held in alternate months beginning in
January of each year. The day to day activities of the charity are co-ordinated through a Management
Committee consisting of senior Museum staff and the Honorary Treasurer and Honorary Secretary.
Trustees are entitled to attend these meetings. Olher committees may be convened when it is considered
necessary, to address specific matters.
ObJectlve8 and pollcles
The objects of the Museum, as set out in the Articles, are 'to forward and advance the study of Science,
Literature and the Fine Arts by means of a well equipped Museum of Natural History and objects of art and
of a scientific literary and historical nature,.
From its establishment in 1888 the emphasis has been on education and life long learning, particularly of
young people - in 1898 it became the first institution of its kind in the country to provide regular lessons and
practical demonstrations to visiting school parties. By an agreement In 1926, the Museum was required to
retain the name 'Haslemere Educational Museum, and the educational function continues to be at the
forefront of the Museum's activities. In furtherance of this function a full-time Education Officer was appointed
and has been in place since the beginning of 2001.
While admission is free, visitors are encouraged to make a donation. Access to the Museum by all members
of the public is important to the charity in promoting the importance of education for everyone.
Appolntment, Inductlon and tralnlng of Trustees
Trustees are appointed at an Annual General Meeting for a term of office of three years. Trustees are eligible
for re- election for consecutive periods of three years. If a Trustee has served for more than nine years their
reappointment for a further period of three years shall be by exception and subject to a particularly rigorous
review by the Trustees and the reasons for any reappointment shall be explained in the Notice of Annual
General Meeting or annual Trustees report. Trustees may also co-opt a person as Trustee for a term no
longer than twelve months. A Trustee so appointed must retire at the next Annual General Meeting.
New Trustees are provided with an information pack including the charity's governing document giving
explanations of the charitable ob}ectives, together with copies of the financial statements and other relevant
information, to allow them to understand and be aware of the activities of the charity.
Trustees are appointed from a broad cross section of the surrounding area and bring with them knowledge
and skills which help with determining the policies, strategy and directional leadership of the Museum as well
as providing assistance to management as and when required.
Page 4

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Employment Pollcy
The Museum places importance on the involvement of its employees and there are regular meetings with
them. Where training for improved job performance is required every effort is made to ensure it is provided.
Work experience is offered to students, particularly if they are interested in a career in museums
Rlsk assessment
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that policies
and systems are in place to mitigate exposure.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
03203702 {England and Wales)
Reglstered Charlty number
1071244
Reglstered offlco
78 High Street
Haslemere
Surrey
GU27 2LA
Trustees
Ms M J Odell MBE (Chairman)
Dr M J Clayton (resigned 23.11.23)
R A M Manyon {appointed 1.3.23)
J R Pile RIBA
CJFReayFCA
Sir A J Rose CBE FRSA (deceased 9.2.23}
R C Sabin
Ms J E Storey (appointed 23.11.23)
Company Secretary
Ms S A Porter
Independent Examlner
Knox Cropper LLP
Chartered Accountants
Office Suite 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
Approved by order of the board of trustees on 23 September 2024 and signed on its behalf by..
C J F Reay - Trustee
Page 5

Independent Examine￿5 Report to the Trustees of
Haslemgre Educatlonal Museum
Independent examlner's report to the trustees of Haslemere Educational Museum ('the Company.)
report to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2023.
Responsibilitles and basls of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'}. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145151 (bl of the
2011 Act.
Indopendent examlner's statoment
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records 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 requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in accordance wilh the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 102)).
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 accounts to be
reached.
]u.J L
James Holland-Leader FCA
Knox Cropper LLP
Chartered Accountants
Office Suite 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
23 September 2024
Page 6

HASLEMERE EDUCATIONAL MUSEUM
Statement of Financlal Actlvities
{Incorporating an Income and Expenditure Account)
for the Year Ended 31 December 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
60,444
19.186
79,630
87,768
Charltable actlvltles
Charitable Objectives
11,740
11,740
10,102
Other trading activities
Investment income
72,832
1.662
74,494
73,103
58,587
Total
205 763
226 611
229,560
EXPENDITURE ON
Raising funds
9,634
9,634
4,587
Charltable actlvitie8
Charitable Objectives
288 632
343,296
Total
298 266
358 121
347.883
Net gainsl(lossesl on investments
147 208
NET INCOMEIIEXPENDITURE)
Transfers between funds
54,705
(39,007)
15,698
{376,903)
20
Net movement In funds
51,920
(36,222)
15,698
{376,903)
RECONCILIATION OF FUNDS
Total funds brought forward
1,560,872
618,683
2,179,555
2,556,458
TOTAL FUNDS CARRIED FORWARD
1612792
582 461
2 195 253
2 179 555
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes fom part of these financial statements
Page 7

HASLEMERE EDUCATIONAL MUSEUM
Balance Sheet
31 December 2023
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
Investments
14
19,614
15 1438783
199,719
360 717
219,333
1799 500
228,613
1912 333
1,458,397
560,436
2,018,833
2,140,946
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
16
17
18
5,206
32,130
60,000
5,206
32,130
60,000
111419
6,246
23,145
37,304
186,730
22,025
208,755
66,695
CREDITORS
Amounts falling due within one year
19
(32,335)
132,335)
(28,086)
NET CURRENT ASSETS
176 420
38,609
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,612,792
582,461
2,195,253
2,179,555
NET ASSETS
1612792
582 461
2 195 253
2,179,555
FUNDS
Unrestricted funds
Restricted funds
20
1,612,792
582 461
1,560,872
618683
TOTAL FUNDS
2 195 253
2 179555
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
la)
ensuring that the charitable company keeps accounting records that comply with Sections 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 as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which othe￿ise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
Ib)
The notes form part of these financial statements
Page 8
continued...

HASLEMERE EDUCATIONAL MUSEUM
Balance Sheet - continued
31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
23 September 2024 and were signed on its behalf by..
C J F Reay - Trustee
The notes fomi part of these financial statements
Page 9

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financlal Statements
for the Year Ended 31 December 2023
ACCOUNTING POLICIES
Bas18 of preparlng the financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, with the exception of investments which are
included at market value, as modified by the revaluation of certain asseis.
Golng concern
The trustees assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the company to continue as a going concern. The trustees make this assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the Museum has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties about the Museum's ability to continue as
going concern, thus they continue to adopt the going concern basis of accounting in preparing the
financial statements.
Crltlcal accountlng Judgoments and key sources of e8tlmatlon uncortalnty
The former curator's employment requirement was to live on site in the Museum's adjoining propety
known as the "flat" The curator contributed £75 per month, £900 per annum, towards the utility
bills with monthly deductions taken at source through the curatorfs PAYE.
The curator's element of utility bills was subject to estimation uncertainty as the flat shared supplies
with other Museum premises.
The former curator ceased employment in May 2023, and the new curatorfs position does not require
living on site.
Income
All income Is recognised 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.
Donation8, Logacles and Collectlon8
Grants are accounted for when Haslemere Educational Museum is notified of its legal entitlement and
the amount due Is probable.
Investment and Investment Income
Investments are stated at market value-bid price. The income element of any accumulation shares is
shown as income with the corresponding amount shown as an addition to the investments.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity lo that expenditure, 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
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Page 10
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - continued
for the Year Ended 31 December 2023
ACCOUNTING POLICIES - contlnued
Tanglble fixed assets
Building Improvements
Galleries Improvements
Plant and machinery
Fixtures and fittings
Computer equipment
2°/0 on cost
50/0 on cost
20 % on cost
20 % on cost
250/0 on cost
Tangible fixed assets comprising the freehold land and buildings at High Street, Haslemere are used
to meet the charitable objectives. The original Museum buildings are grade 11 listed propety and, as
such, are considered to be 'Heritage Assets,. As permitted by the SORP. these buildings have not
been capitslized, but expenditure on the improvement of the buildings and the galleries has been
capitalized.
The Museum Collection has not been capitalized as the Trustees consider that it is impractical to
ascertain either a cost or a market value. Consistent with this, object purchases and acquisition
expenses are written off via the Statement of Financial Activities, in the year of acquisition.
Certain of the freehold land and buildings and the artefacts in the collection are held by the company
as a Trustee for a separate charity named Haslemere Museum Charity (Charity No. 1054842} whose
objectives are to lease or loan such property to the Company or any other charity for any educalional
or other charitable purpose and to benefit the Museum or any of the educational or other charitable
purposes in such manner as the Trustees see fit.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Hlre purchase and leaslng commltments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
Penslon costs and other post-retlrement 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 Activities in the
period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts
due.
Page11
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - continued
for the Year Ended 31 December 2023
ACCOUNTING POLICIES - continued
Cash at Bank and In Hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity
of three months or less.
Credltors
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third paty and the amount due to settle
the obligation can be measured reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discount due.
Flnanclal In8truments
The Charity only has basic financial assets and financial liabilities of a kind that qualify as basi
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
DONATIONS AND LEGACIES
2023
2022
Donations
Gift aid
Legacies
Grants
Membership subscriptions
53,931
6,404
24,648
5,440
5,000
40,118
12,562
8,810
87,768
Grants received, included in the above, are as follows..
2023
2022
Waverley Borough Council
Haslemere Town Council
Wild Escapes
Other grants
7,750
5,400
18,765
8,203
5,000
3,085
725
40,118
OTHER TRADING ACTIVITIES
2023
2022
Special events & Exhibitions
Shop sales
51,166
58,273
14,830
74,494
73.103
Page 12
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - contlnued
for the Year Ended 31 December 2023
INVESTMENT INCOME
2023
2022
COIF ethical investment fund
COIF fixed interest fund
Deposit account interest
51,352
55,523
1,012
2,052
58,587
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Hire and use of Premises Charitable Objectives
10,102
RAISING FUNDS
Other tradlng actlvltl88
2023
2022
Opening siock
Purchases
Closing stock
6,246
8,594
3,636
7,197
6,2461
4,587
CHARITABLE ACTIVITIES COSTS
Direct
Costs {see
note 8)
Support
costs (see
note 9)
Totals
Charitable Objectives
335 604
348 487
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023
2022
Stsff costs
Rates and water
Insurance
Light and heat
Telephone
Repairs & maintenance
IT costs
Security costs
Care of collection
Postage & Stationery
Sundries
Special events & exhibitions
165,480
7,582
10,917
38,382
3,938
34,276
5,410
2,797
1,350
5,042
342
180.271
1,623
8,984
25,620
3,775
31,804
3,569
2.520
3,680
5,922
839
Carried forward
313,264
296,345
Page 13
continued..

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - continued
for the Year Ended 31 December 2023
DIRECT COSTS OF CHARITABLE ACTIVITIES - continued
2023
2022
Brought foNard
Unrecoverable VAT adjustment
Marketing
Subscriptions
Travelling costs
Cleaning
Staff Welfare
Staff Training
Depreciation
313,264
296,345
9,008
3,767
3,000
2.249
1,638
583
1,705
609
684
2,518
610
17,363
335 604
332,611
SUPPORT COSTS
Governance
costs
Finance
Totals
Charitable Objectives
Support costs, included in the above, are as follows..
2023
Charitable
Objectives
2022
Total
activities
Other operating leases
Bank charges
Legal and professional fees
Independent Examination Fee
145
2,745
6,765
498
3,094
4,485
10.
NET INCOMEI(EXPENDITURE)
Net incomellexpenditure} Is stated after chargingllcrediting}'.
2023
2022
Depreciation - owned assets
Other operating leases
Pension Costs
Independent Examination Fee
14,872
145
2,759
17,362
498
3,352
2,608
Page 14
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - continued
for the Year Ended 31 December 2023
11. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for
the year ended 31 December 2022).
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended
31 December 2022.
12. STAFF COSTS
Key management personnel is defined as the Trustees and Museum Management Committee
(including the curator).
Total emoluments paid to Key Management Personnel in the year amounted to £67,311 12022..
£65,797}
The following staff costs were incurred in the year..
Salaries.. £159,553 (2022.. £171,500)
Social Security.. £3,16812022'. £5,418)
Pension.. £2,759 (2022. £3,352)
Total staff costs.. £165,48012022'. £180,270)
Volunteer8
The Museum continued to have the support of over 100 unpaid volunteers who are involved in almost
every activity and provide invaluable help to the Museum.
The average monthly number of employees during the year was as follows..
2023
14
2022
14
Administration
No employees received emoluments in excess of £60,000.
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
54,502
33,266
87,768
Charltable actlvltl08
Charitable Objectives
10,102
10,102
Other trading activities
Investment income
72,355
748
73,103
Total
195.546
34,014
229,560
EXPENDITURE ON
Raising funds
4,587
4,587
Page 15
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - continued
for the Year Ended 31 December 2023
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued
Unrestricted Restricted
funds
funds
Total
funds
Charltable actlvlties
Charitable Objectives
286,122
57,174
343,296
Total
290,709
347,883
Net gainsl(losses) on investments
258,580)
258,580)
NET INCOMEI(EXPENDITURE)
Transfer8 betwoen fund8
1353,743)
348 596)
(23,160)
348,596
(376,903)
Net movement In fund8
(702,3391
325,436
(376,9031
RECONCILIATION OF FUNDS
Total funds brought forward
2,263,211
293,247
2,556,458
TOTAL FUNDS CARRIED FORWARD
1.560,872
618 683
2 179 555
14. TANGIBLE FIXED ASSETS
Building
Land &
Galleries
Improvements Buildings Improvements
COST
At 1 January 2023
Additions
26,646
353,585
231,620
At 31 December 2023
353 585
231620
DEPRECIATION
At 1 January 2023
Charge for year
16,202
148,647
231,620
At 31 December 2023
155 719
231620
NET BOOK VALUE
At 31 December 2023
197 866
At 31 December 2022
10,444
204 938
Page 16
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financlal Statements - contlnued
for the Year Ended 31 December 2023
14. TANGIBLE FIXED ASSETS - continued
Fixtures
and
fittings
Plant and
machinery
Computer
equipment
Totals
COST
At 1 January 2023
Additions
25,268
597
20,356
12,404
669,879
At 31 December 2023
675 471
DEPRECIATION
At 1 January 2023
Charge for year
15,116
20,356
9,325
441,266
At 31 December 2023
456 138
NET BOOK VALUE
At 31 December 2023
219 333
At 31 December 2022
10,152
228,613
15. FIXED ASSET INVESTMENTS
COIF
Charities
Ethical
Investment
Fund
Cash
Deposits
Totals
MARKET VALUE
At 1 January 2023
Additions
Disposals
Revaluation
Realised gainsl(lossesl
1,781,936
130,397
39,959
1,912,333
39,959
1300,000)
145,703
1300,0001
145,703
At 31 December 2023
1629 144
170 356
1799 500
NET BOOK VALUE
At 31 December 2023
1629 144
170 356
1799 500
At 31 December 2022
1,781,936
130 397
1,912,333
There were no direct investment assets outside the UK.
Page 17
continued.

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - contlnuod
for the Year Ended 31 December 2023
16. STOCKS
2023
2022
Shop stock
5,206
6,246
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtors
VAT
Prepayments and accrued income
6,906
7,852
471
14,822
18. CURRENT ASSET INVESTMENTS
2023
2022
Cash Deposits
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade creditors
Social security and other taxes
Pensions
Credit Card
Accrued expenses
3,834
2,477
555
780
5,588
2,345
602
90
19,461
28,086
Page18
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - contlnued
for the Year Ended 31 December 2023
20. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
31.12.23
At1.1.23
Unre8trlcted funds
General fund
Premises Fund - Unrestricted
The Museum In a Million Fund
213,828
6,559
1340 485
207,497
12,785)
418,540
6,559
1187 693
152 792)
1,560,872
54,705
12,785)
1,612,792
Restrlctod funds
Education
Care of Collection
Museum Development Fund
Premises - Restricted
Wild Escapes
The AE Orchard Buildings and
Collection Fund
21,819
24,119
204,938
12,402)
17,983)
17,072)
12,785)
118,765)
19,417
16.136
197,866
2,785
18,765
349 042
349 042
618 683
582 461
TOTAL FUNDS
2 179 555
2 195 253
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
The Museum in a Million Fund
205,763
(298,266)
300,000
152 792)
207,497
152 792
205,763
1298,266)
147,208
54,705
Restrlcted funds
Haslemere Town CouncilNisitor
Information Centre Fund
Education
Care of Collection
Museum Development Fund
Premises - Restricted
Wild Escapes
Donations for a specific purpose
6,662
16,662)
12,402)
18,983)
17,072)
12,785)
121,851)
10 100)
(2,402
(7,983
(7,072
(2,785
118,765
1,000
3,086
59 855)
39 007)
TOTAL FUNDS
226611
358 121)
147 208
Page 19
continued.

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 December 2023
20. MOVEMENT IN FUNDS - contlnued
Comparatives for movement In funds
Net
movement
in funds
Transfers
between
funds
At
31.12.22
At1.1.22
Unr88trlcted funds
General fund
Premises Fund Unrestricted
The Museum in a Million Fund
The AE Orchard Educational Fund
314,346
6,559
1,593,264
349,042
(100,9641
446
213,828
6,559
1,340,485
1252,779)
349,0421
2,263,211
(353,7431
1348,5961
1,560,872
Restrlcted funds
Education
Care of Collection
Museum Development Fund
Premises Restricted
Wild Escapes
The AE Orchard Buildings and
Collection Fund
45,763
17.186
213,772
16,526
13,767)
113,067)
{8,834)
116,257)
18,765
{20,177)
20,000
21,819
24,119
204,938
(269)
18,765
349,042
349,042
293 247
23,160)
348,596
618,683
TOTAL FUNDS
2,179 555
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
The Museum in a Million Fund
195.546
{290,709)
(5,801)
252 779)
(100,964)
252,779)
195,546
(290,709)
Restrlcted funds
Haslemere Town Councillvisitor
Information Centre Fund
Education
Care of Collection
Museum Development Fund
Premises - Restricted
Wild Escapes
1258,580)
(353,743)
7,186
5,663
{7,186}
{9,430}
{13,067}
(8,8341
{18,6571
(3,767)
(13,067)
18,834)
(16,257)
2,400
34,014
57 1741
23,160)
TOTAL FUNDS
229,560
347,883)
258,580)
376,903)
DESIGNATED FUNDS
Part of the unrestricted funds have been designated by the Trustees for specific future purposes.
Page 20
continued.

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 December 2023
20.
MOVEMENT IN FUNDS - contlnued
Premises Fund
The Trustees periodically designate certain amounts to ensure sufficient funds are available to
complete major tasks on the building.
The Museum In a Mllllon Fund
This is an expendable endowment fund and is designed to highlight the achievements of the appeal
and is reflected in the fixed asset investment fund which is used to generate income to assist in
securing the future of the Museum for generations to come.
RESTRICTED FUNDS
Mu88um Development Fund
This balance represents the amount spent on building improvements to the Museum and the
refijrbishment of the galleries less annual depreciaiion. The cost was met mainly by Lottery funding
and the balance is shown in tangible assets in the Balance Sheet, represented by Land and Buildings
and Galleries Improvements, and is subject to annual depreciation.
Preml808 Fund
The balance represents grants received for improvements to premises less expenditure incurred.
Educatlon
Funds received are used specifically for educational projects such as the ongoing dementia outreach
project and HYPE
Haslemoro Town Counclllvlsltor Informatlon Centre Fund
Funds are received from Haslemere Town Council In support of the work carried out by the Visilor
Information Centre
Care of Collectlon
The funds represent grants and donations received specifically to be used in storing and maintaining
the museum artefacts
Wlld Escapes
The funds represent grants for the national project run by Art Fund. The Museum is the lead
organiser for the South East.
21. OTHER FINANCIAL COMMITMENTS
As of 31 December 2023, the Museum had total commitments under non-cancellable operating
leases of £2,443 to June 2027.
22. RELATED PARTY DISCLOSURES
During the year, the Museum paid NIL {2022'. NIL).
Page 21