REGISTERED COMPANY NUMBER: 03203702 (England and Wales)
REGISTERED CHARITY NUMBER.. 1071244
Report of the Trustees and
Unaudlted Financial Statements for the Year Ended 31 December 2024
for
HASLEMERE EDUCATIONAL MUSEUM
kc
KNOX CROPPER

HASLEMERE EDUCATIONAL MUSEUM
Contents of the Financlal Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
9 to 10
Notes to the Financial Ststements
11 10 24
Detailed Statement of Flnanclal Actlvltles
25 10 27

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2024
The trustees who are also directors of the charity for Ihe purposes of the Companies Act 2006, present their
report with the financial statements of Ihe charity for the year ended 31 December 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Strategles to achieve the year's objectives
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 aclivities.
The Trustees have produced a five year plan covering the years 2025 to 2029. 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.
During 2026 the Museum will have been established on Haslemere High Street for 100 years, A programme of
events and fund rsising activities is being formulated lo commence during 2026 to celebrate the anniversary and
to assist in ensuring that the Museum's place in the community continues for another 100 years.
An extensive annual educational programme has been identified, leading to the promotion and use of the
education room and grounds of Ihe Museum and further expanding the number of schools and local
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 conlacl with schools and other
organisations.
Actlvltles and achievements durSng 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.
During the year the Museum organised a wide variety of events for children, adults and families, as well as a
number of temporary exhibitions.
Visitor numbers (which include those benefitting from outreach activiliesl showed a decrease to 33,462 12023-
35,600)
FINANCIAL REVIEW
Flnancial position
For the year ended 31 December 2024, the Museum reported a net surplus of income over expenditure of
£64,723, before investment gains12023'. net deficit of £131 .5101.
The Museum's investment portfolio generated gains of £44,707 (2023.. £147,208). The total value of the
investment portfolio on 31 December 2024 amounted to £1,758,853.
The Museum depends on the income generated from its investmenls to assist in funding its core and ongoing
activities. This investment income is a vital source of funds and helps to offset expenditure on charitable
objeclives.
Total funds carried forward on 31 st December 2024 were £2.304.683 (2023.. £2,195,253), of which £1.691,601
was represented by unrestricted funds (2023.. £1.612.792) and £613,08212023.. £582,461) by restricted funds.
Page 1

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Prlnclpal fundlng sources and expenditure in the year under review
The Museum is reliant on the income earned from various sources to meel its costs, including enlry 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 £53,931 in 2023 to £184,554 in 2024. This was due to a
substantial donation of £140,000 from the Kate Livingstone Trust for which we are extremely grateful. Granls
also increased substantially from £8,810 10 £58,848 principally due to a grant received of £47,484 from the
Heritage Lottery Fund to assisl in funding activities and an exhibition to celebrate the Museum's one hundred
years situated on Haslemere High Street. Haslemere Town Council continues lo 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 wilh the interest received from cash deposits was maintained at a similar level to the
previous year al £59,905 (2023.. £60,747). This income is vital lo assist the Museum in reducing operating
deficits which are forecast lo continue in future.
The Museum's income from trading a¢tivilles rose slightly to £74,572, up from £74,494 in 2023. Total income
increased signilicanlly lo £413,860 12023.. £226,611), primarily due to the substantial donation from the Kate
Livingstone Trusl and the Heritage Lottery Granl, as noted above.
Total expenditure decreased to £349,137 12023.. £358,121), primarily due lo a welcome reduction in energy
costs and lower spending on events and exhibitions. These savings were partially offset by increased costs of
repairs and those related to the management and care of collections.
Investment policy and objectives
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
lo a well diversified portfolio that reasonably matches the Museum's requirements and objectives.
During the year the investment 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 subslanlial 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 lo an ethical policy that imposes a range of investment reslriclions. The
Fund aims to pursue a long-term sustainable investment solution which incorporates environmental. soci81 and
governance (ESGI considerations into the investment strategy.
Page 2

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Reserves pollcy
The Trustees have agreed a policy lo hold unrestricted and undesignaled reserves equivalent to al least six
months expenditure, which at 31 December 2024 amounted to £174,56812023'. £179,060) based on 12 months
expenditure policy). These reserves are held in bank accounts or in readily realisable investments. But for Ihe
existence of the Museum in a Million Expendable Endowment Fund, the Trustees would have considered il
necessary to agree a policy to hold unreslricled reserves equivalent to at least four years, annual expenditure.
Total unrestricted reserves at 31 December 2024 amounted to £1,691.601 (2023.. £1,612,792).
The reasons why the Trustee5 consider reserves at this level are required are as follows..
Most of the Museum's expenditure comprises fixed costs which relate lo the running of the Museum.
The majority of Ihis expenditure comprises non discretionary eslablishmenl 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 dependanl upon volunteer workers in order to be able lo maintain and run ils
activities. Annual expenditure would increase by around 50 % if commercial rates were paid to
individuals or outside agencies to carry out the work currently undertaken by volunteers.
With the exceplion of the investment income generated by the designated funcls, only a small
proportion ol the Museum's annual income can be regarded as re9ular recurring income,
Despite the Trustees keeping a light control over expenditure, the Museum's budgets for 2025 and the
coming years anticipate operating deficits lan excess of expend iture over income} in each future
financial year. These deficits are after taking account of the investment incorne generated by the
expendable endowment fund.
The principal purpose of the Museum in a Million Expendable Endowment Fund is lo generate income lo assist
in securing the Museum's future. The investment income generated from this Fund provides regular income
which partly ollsets 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 2025. Our future plans
include the upgrading of the Museum's building fabrie. 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 il
can be commercially let which is then anticipated to generate a significant ongoing long term income stream for
the Museum.
The Museum's future plans also include a programme of events and fund raising activities commencing in 2026
to commemorate the Museum's 100th anniversary of being established on Haslemere High Street.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing 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 2024
STRUCTURE, GOVERNANCEAND MANAGEMENT
Charity constitution
The Museum was founded in 1888 by Sir Jonathan Hutchinson FRS, an eminent physician and surgeon.
In 1998 the Museum was incorporated as a Company limited by Guarantee as Company No.3203702. As such it
has ils Board of Directors. and a Management Committee that reports to the Board. The Museum is registered
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 property to the Company or any other charity for any educational
or other charitable purpose in such manner as the Trustees see fil, Having regard lo the complexity of the
inter-relationship between the respeclive charities No. 1071244 and 1054842 il 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.
Organlsational structure
The Board of Directors are legally responsible for Ihe overall management and control of the Museum. Full
board meetings are held six limes a year scheduled in advance held in allernale months beginning in January of
each year. The day lo 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 lo attend
these meetings. Other committees may be convened when it is considered necessary, lo address specific
matters.
Objectives and policies
The objects of the Museum, as set out in the Articles, are 'lo 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 il became the first institution of ils kind in the country lo provide regular lessons and practical
demonslrations to visiting school parties. By an agreement in 1926. the Museum was required lo relain the
name 'Haslemere Educational Museum, and the educational function continues lo be al the forefront of the
Museum's activities. I n furtherance of this function a full-lime Education Officer was appointed 2nd has been in
place since the beginning of 2001.
While admission is free, visitors are encouraged lo make a donation. Access lo the Museum by all members of
the public is important to the charity in promoting the importance of education for everyone.
Page 4

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Appointment. induction and training 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 Ihan 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 Meeling 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 nexl Annual General Meeting.
New Trustees are provided with an information pack including the charity's governing document giving
explanations of the charitable objectives, together with copies of the financial statements and other relevant
information, to allow them lo understand and be aware of the activities of the charity.
Trustees are recruited based upon their skills, sector knowledge and experience and may attend relevant
courses as training to enhance their knowledge and the undertaking of their role. The Trustees confirm that
they have had regard for the Charity Commission guidance on public benefit when reviewing and planning
activities in 2024 and for future years.
Trustees, vacancies are advertised on the museum's website and details are sent to all members. Trustees,
vacancies are also advertised on a specialist on-line Museum recruitment webslte. Trustees are appointed from
a broad cross section of the surrounding area and beyond and bring with them knowledge and skills which help
with determining the policies, strategy and directional leadership of the M useum as well as providing assistance
to management as and when required.
Employment Policy
The Museum places importance on the involvement of ils employees and there are regular meetings Wlth 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
Risk assessment
The Trustees have assessed the major risks lo which the charity is exposed and are satisfied that policies and
systems are in place to mitigate exposure.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03203702 (England and Wales)
Registered Charity number
1071244
Registered office
78 High Street
Haslemere
Surrey
GU27 2LA
Page 5

HASLEMERE EDUCATIONAL MUSEUM
Report of the Trustees
for the Year Ended 31 December 2024
Trustees
Ms M J Odell MBE (Chairman)
R A M Manyon
J R Pile RIBA
CJFReayFCA
R C Sabin
Ms J E Storey
Company Secretary
Ms S A Porter
Independent Examiner
Knox Cropper LLP
Chartered Accountants
Office Suite 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
Approved by order of the board of trusiees on 27 August 2025 and signed on its behalf by..
C J F Reay - Trustee
Page 6

Independent Examlnerfs Report to the Trustees of
Haslemere Educatlonal Museum
Independent examlner's report to the trustees of Haslemere Educational Museum I'the Company'l
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2024.
This report is made to the Trustees, as a body, in accordance with the lerms of my engagement. Our work has
been undertaken so that we might carry out an Independent Examination of the financial statements in
accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees, as a
body, for our work or for this report.
Responslblllties and basis of report
As the charity's trustees of the Company {and also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,)
Having satisfied myself that the accounts of the Company are not required lo 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 I'lhe 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145151 {bl of the
2011 Act.
Independent examlner's statement
Since your charity's gross income exceeded £250,000 your examinar must be a member of a listed body. I can
confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered
Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come lo 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 requiremenl 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 with 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}1.
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 lo be reached.
]// Z /. L,/
James Holland-Leader FCA
Knox Cropper LLP
Chartered Accountants
Office Suite 1
Haslemere House
Lower Street
Haslemere
Surrey
GU27 2PE
27 August 2025
Page 7

HASLEMERE EDUCATIONAL MUSEUM
Statement of Flnanclal Actlvltles
{Incorporatlng an Income and Expenditure Account)
for the Year Ended 31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Reslricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
193,857
74,598
268,455
79.630
Charltable activities
Charitable Objectives
10,794
10,794
11,740
Other trading activities
Investment income
Other income
74,572
59,905
134
74,572
59,905
134
74,494
60,747
Total
339 262
413,860
226,611
EXPENDITURE ON
Raising funds
7,841
7,841
9,634
Charitable activities
Charitable Objectives
297 319
43,977
341 296
348.487
Total
305,160
43,977
349,137
358,121
Net gains on investments
44,707
44,707
147,208
NET INCOME
78,809
30,621
109,430
15,698
RECONCILIATION OF FUNDS
Tolal funds brought forward
1,612,792
582,461
2,195,253
2.179,555
TOTAL FUNDS CARRIED FORWARD
1691601
613 082
2 304,683
2,195,253
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 8

HASLEMERE EDUCATIONAL MUSEUM
Balance Sheet
31 December 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
Investments
14
15
17,868
1,409 812
192,525
349,041
210,393
1,758,853
219.333
1,799,500
1,427,680
541,566
1,969,246
2,018,833
CURRENT ASSETS
Stocks
Debtors
Investments
Cash at bank and in hand
16
17
18
36,184
32,669
85,353
158 875
36,184
32,669
85,353
230,391
5,206
32,130
60,000
111,419
71,516
313,081
71,516
384,597
208,755
CREDITORS
Amounts falling due wilhin one year
19
149,160)
(49,160)
132,3351
NET CURRENT ASSETS
263,921
71,516
335,437
176,420
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,691,601
613,082
2,304,683
2,195,253
NET ASSETS
1691601
613,082
2,304 683
2,195,253
FUNDS
Unrestricted funds
Restricted funds
20
1,691,601
613,082
1,612,792
582,461
TOTAL FUNDS
2,304,683
2 195,253
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 December 2024.
The members have not required the company to obtain an audit of ils financial statements for the year ended
31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
the Companies Act 2006 and
preparing financial slalements which give a true and fair view of the state of affairs of the charitable
company as al 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 olherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
Page 9
continued...

HASLEMERE EDUCATIONAL MUSEUM
Balance Sheet- contlnued
31 December 2024
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 27 August 2025
and were signed on ils behalf by-.
C J F Reay Trustee
The notes form part of these financial Statements
Page 10

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance wilh the Charities SORP IFRS 1021 Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) (effective 1 January 20191,, 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 assets.
The financial statements are presented in sterling, which is the functional currency of the Charity and are
rounded to the nearest pound.
The accounts have been prepared to give a 'lrue and fair view, and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'true and fair view,.
This departure involved following Accounting and Reporting by Charilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021
issued on 16th July 2014 rather than the Accounting and Reporting by Charities Slalemenl of
Recommended Practice effective from 1 st April 2005 which has since been withdrawn.
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 doubl 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 dale of authorisalion 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 a going concern, thus they
continue to adopt the going concern basis of accounting in preparing the financial slatemenls.
Income
All income is recognised in the Stalement 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.
Grants, Donations and Legacies
Grants are accounted for when Haslemere Educational Museum is notified of its legal entitlement and the
amount due is probable. Donations and Legacies are accounted for when received.
Investment and Investment Income
Investments are staled at market value-bid price. The income element of any accumulation share5 IS
shown as income with the corresponding amount shown as an addition to the investments.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, il is probable that a transfer of economic benefits wi51 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 cosls cannot be directly atlribuled to particular headings they have been allocated lo activities on
a basis consistent with the use of resources.
Page11
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements contlnued
for the Year Ended 31 December 2024
ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided al the following annual rates in order to write off each asset over its estimated
useful life.
Building
Building Improvements
Galleries Improvements
Plant and machinery
Fixtures and fittings
Computer equipment
2010 on cost
10,10 on cost
5010 on cost
20% on cost
20Q/o on cost
25°/4 on cost
Tangible fixed assets comprising the freehold land and buildings at High Street. Haslemere are used to
meet the charilable objectives. The original Museum buildings are grade 11 listed property and, as such,
are considered to be 'Heritage Assets,. As permitted by the SORP, these buildings have not been
capitalized, but expendilure on the improvement of the buildings and the galleries has been capilalized,
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 Ihis. 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
objeclives are lo lease or loan such property to the Company or any other charity for any educational or
other charitable purpose and lo b8nefit the Museum or any of the educational or oth8r charitable
purposes in such manner as the Trustees see fil
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an approprlate proportion of fixed and variable overheads.
Taxation
The charity is exempt from corporation tax on its charitable aclivilies.
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 Ihe donor or when funds are raised for particular reslricled purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Hlre purchase and leasing commltments
Rentals paid under operating leases are charged to the Stalement of Financial Activities on a straight line
basis over the period of the lease.
Page 12
continued

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnancial Statements - contlnued
for the Year Ended 31 December 2024
ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operate5 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.
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 party and the amount due to settle the
obligation can be measured reliably. Creditors and provisions are normally recognised al their selllemenl
amount after allowing for any trade discount due.
Financial Instruments
The Charity only has basic financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised al 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
2024
2023
Donations
Gift aid
Legacies
Grants
Membership subscriptions
184,554
38
15,000
58,848
10,015
53.931
6.404
8,810
10,485
268,455
79,630
Page 13
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - continued
for the Year Ended 31 December 2024
DONATIONS AND LEGACIES - contlnued
Grants received, included in the above, are as follows..
2024
2023
Haslemere Town Council
Wild Escapes
Surrey Museums
Norfolk County Council
Heritage Lottery Fund - 100 years
Shottermill Great War Memorial Trust
Barbara Whalmore Charitable Trust
Royal Pavillion and Museums Trust
Other grants
2,750
5,000
3,085
210
204
47,484
1,000
2,500
4,000
700
725
58,848
8,810
OTHER TRADING ACTIVITIES
2024
2023
Special events & Exhibitions
Shop sales
55,772
18,800
51,186
23,328
74,S72
74,494
INVESTMENT INCOME
2024
2023
COIF Ethical Investment Fund
Deposit account interest
47,467
12,438
51,352
9,395
59,905
60,747
Page 14
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financlal Statements - contlnued
for the Year Ended 31 December 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Charitable Objectives
Hire and use of Premises
10,794
11.740
RAISING FUNDS
Other trading activities
2024
2023
Opening stock
Purchases
Closing stock
6,206
8,453
6,246
8,594
15.2061
9,634
CHARITABLE ACTIVITIES COSTS
Direct
Costs Isee
no18 81
Support
costs (see
note 9)
Totals
Charitable Objeclives
334 325
341296
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Repairs & maintenance
IT costs
Security cost5
Care of collection
Postage & Stationery
Sundries
Special events & exhibitions
Marketing
Subscriptions
Travelling costs
Cleaning
Staff Welfare
Staff Training
Depreciation
172,031
6,643
12,060
22,590
4,357
48,301
5,108
2,254
18,675
3,030
678
12,830
2,154
2,965
783
2,190
825
1,025
15,826
165.480
7,582
10.917
38,382
3.938
34,276
5,410
2,797
1,350
5,042
342
37.748
2,249
1.638
583
1.705
609
684
14,872
334,325
335,604
Page 15
onlinued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - continued
for the Year Ended 31 December 2024
SUPPORT COSTS
Governance
costs
Finance
Totals
Charitable Objeclives
2,375
4,596
6,971
Support costs, included in the above, are as follows..
2024
Charitable
Objectives
2023
Total
activities
Other operating leases
Bank charges
Legal and professional fees
Independent Examination Fee
175
2,200
1,206
145
2,745
6,765
3,228
12,883
10.
NET INCOMEIIEXPENDITUREI
Net incomellexpenditure} is slated after chargingl{crediting}
2024
2023
Depreciation - owned assets
Other operating lease5
Pension Costs
Independent Examination Fee
15,826
175
3,008
3,390
14,872
145
2,759
3,228
11. TRUSTEES, REMUNERATION AND BENEFITS
No trustees received any remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Trustees, expenses
During the year, £89 was reimbursed to one trustee in respect of travel expenses (2023.. nill. These
expenses related directly lo travel costs incurred in connection with the museum's activities.
Page 16
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements- contlnuèd
for the Year Ended 31 December 2024
STAFF COSTS
Key management personnel is defined as the Trustees and Museum Management Committee..
Total emoluments paid to Key Management Personnel in Ihe year amounted to £67,544 (2023..
£67,311)
The following staff costs were incurred in the year..
Salaries.. £165,249
{2023'. £159,553)
Social Security £3.774 (2023.. £3,168)
Pension.. £3,00812023.. £2,759)
Total staff ¢osls.' £172.031 12023.. £165.4801
Volunteers
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..
2024
13
2023
14
Administration
No employees received emoluments in excess of £60,000.
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
funds
Reslricled
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,444
19,186
79,630
Charitable actlvltles
Charitable Objectives
11,740
11,740
Other trading activilies
Investment income
72,832
60,747
1,662
74,494
60,747
Total
205,763
20.848
226,611
EXPENDITURE ON
Raising funds
9,834
9,634
Charltable activlties
Charitable Objectives
288,632
59,855
348,487
Total
298,266
59.855
358,121
Net gains on investments
147,208
147,208
Page 17
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financlal Statements - contlnued
for the Year Ended 31 December 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
UnreslriGted
Restricted
funds
funds
Total
funds
NET INCOMEI{EXPENDITURE)
Transfers between funds
54,705
2.785)
139,0071
2,785
15,698
Net movement In funds
51,920
(36,222)
15.698
RECONCILIATION OF FUNDS
Total funds brought forward
1,560,872
618,683
2,179,555
TOTAL FUNDS CARRIED FORWARD
1,612,792
582,461
2,195,253
14. TANGIBLE FIXED ASSETS
Building
Improvements
Land &
Buildings
Galleries
Improvemènts
COST
Al 1 January 2024
Additions
31,641
4,659
353,585
231,620
At 31 December 2024
353 585
231,620
DEPRECIATION
At 1 January 2024
Charge for year
19,366
155,719
7,072
231,620
Al 31 December 2024
22,996
162,791
231620
NET BOOK VALUE
Al 31 December 2024
13,304
190,794
At 31 December 2023
12,275
197,866
Page 18
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to th6 Financial Statements - continued
for Ihe Year Ended 31 December 2024
14.
TANGIBLE FIXED ASSETS - Continued
Fixtures
and
fittings
Plant and
machinery
Computer
equipment
Totals
COST
Al 1 January 2024
Additions
25,865
1,398
20,356
12,404
829
675,471
6,886
At 31 December 2024
27,263
20,356
13,233
682,357
DEPRECIATION
Al 1 January 2024
Charge for year
18,402
20,356
10,675
1,558
456,138
At 31 December 2024
12,233
471 964
NET BOOK VALUE
At 31 December 2024
210,393
Al 31 December 2023
7463
1,729
219,333
FIXED ASSET INVESTMENTS
COIF
Charities
Elhical
Investment
Fund
Cash
Deposits
Totals
MARKET VALUE
At 1 January 2024
Revaluation
Reclassificationllransfer
1,629,144
44,706
170,356
1,799,500
44,706
85,3531
85,353)
At 31 December 2024
1,673,850
85,003
1758 853
NET BOOK VALUE
At 31 December 2024
1,673,850
85,003
1,758 853
At 31 December 2023
1,629,144
170,356
1,799,500
There were no direct investment assets outside the UK.
Page 19
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements continued
for the Year Ended 31 December 2024
16.
STOCKS
2024
2023
Work-in-progress
Shop stock
30,366
5,818
5,206
36,184
5,206
The work-in-progress relates to expendilure on the Museum House which will be capitalised as an
investment property in fixed assets when the work is completed.
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued income
8,219
24,450
6,906
25.224
32,669
32,130
18.
CURRENT ASSET INVESTMENTS
2024
2023
Cash Deposits
85,353
60.000
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Pensions
Credit Card
Accrued expenses
18,320
2,124
563
1,953
26,200
3,834
2,477
555
780
24,689
32.335
Page 20
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financial Statements continued
for the Year Ended 31 December 2024
20.
MOVEMENT IN FUNDS
Net
movement
in funds
Al
31.12.24
At 1.1.24
Unrestricted funds
General fund
Premises Fund - Unrestricted
The Museum in a Million Fund
418,540
6,559
1,187,693
34,102
452,642
6,659
1,232,400
44,707
1,612,792
78,809
1,691,601
Restricted funds
Education
Care of Collection
Museum Development Fund
The AE Orchard Buildings and
Collection Fund
One hundredth anniversary Fund
19,417
16,136
197,866
(2,0381
{8,7541
{7,071)
17,379
7,382
190,795
349,042
349.042
48,484
582 461
613,082
TOTAL FUNDS
2,195,253
109,430
2,304,683
Nel movement in funds, included in the above are as follows..
Incoming
resources
Resourc6S
expended
Gains and
losses
Movement
in fund5
Unrestrlcted funds
General fund
The Museum in a Million Fund
339,262
{305,1601
34,102
44,707
339,262
{305,160)
44,707
78,809
Restrlcted funds
Haslemere Town Councillvisitor
Information Centre Fund
Education
Care of Collection
Museum Development Fund
Premises Reslricled
One hundredth anniversary Fund
4,148
7,100
10,866
14,1481
19,1381
{19,6201
(7,0711
{4,000}
12,038}
18,754)
17,071)
4,000
48,484
74,598
43 977)
30,621
TOTAL FUNDS
413,860
349 1371
109,430
Page 21
ontinued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 December 2024
20.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Nel
movement
in funds
Transfers
between
funds
Al
31.12.23
At 1.1.23
Unrestricted funds
General fund
Premises Fund - Unrestricted
The Museum in a Million Fund
213,828
6,559
1,340,485
207,497
(2,7851
418,540
6,559
1,187,693
1S2,792}
1,560,872
54,705
{2,785)
1,612,792
Restricted funds
Education
Care of Collection
Museum Development Fund
Premises - Reslricted
Wild Escapes
The AE Orchard Buildings and
Collection Fund
21.819
24,119
204,938
(2,4021
(7,9831
{7,072}
12,785)
(18,765)
19,417
16,136
197,866
2,785
18,765
349,042
349.042
618,683
39,0071
2,785
582,461
TOTAL FUNDS
2,179,555
15,698
2,195,253
Comparative nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Galns and
losses
Movement
in funds
Unrestrlcted funds
General fund
The Museum in a Million Fund
205,763
1298,2661
300,000
152,792}
207,497
152,792)
205,763
(298,2661
147,208
54,705
Restrlcted funds
Haslemere Town Councillvisitor
Information Centre Fund
Education
Care of Collection
Museum Development Fund
Premises - Restricted
Wild Escapes
Donations for a specific purpose
6,662
(6,6621
{2.4021
{8,9831
17,0721
(2,785)
(21,851)
10,100)
(2,4021
(7,9831
(7,072}
{2,785}
118,765)
1,000
3.086
10,100
20,848
59,8551
39,007)
TOTAL FUNDS
226,611
358.1211
147.208
15,698
Page 22
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
20.
MOVEMENT IN FUNDS - continued
DESIGNATED FUNDS
Part of the unrestricted funds have been designated by the Trustees for specific future purposes.
Premises Fund
The Trustees periodically designate certain amounts to ensure sufficienl funds are available lo complete
major tasks on the building,
The Museum In a Mllllon Fund
This is an expendable endowment fund created some years ago and was designed to highlight the
achievements of the fund raising appeal and is reflected in the fixed asset investment fund which 15
designated to generate income to assisl in securing the future of the Museum for generations lo come.
RESTRICTED FUNDS
Museum Development Fund
This balance represents the amount spent on building improvements to the Museum and the
refurbishment of Ihe galleries less annual depreciation. The cost was mel 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 lo annual depreciation.
Premlses Fund
The balance represents grants received for improvements lo premises less expenditure incurred.
Education
Funds received are used specifically for educational projects such as the ongoing dementia outreach
project and HYPE
Haslemere Town Counclllvisitor Informatlon Centre Fund
Funds are received from Haslemere Town Council in support of the work carried out by the Visitor
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 Easl.
One hundredth anniversary Fund
The fund represeni grants and donations received in the year with the aim to commemorate the
Museum's 1 Ooth anniversary in 2026.
The A E Orchard BuSldlngs and Collection Fund
This fund is to be spent on the Museum's Buildings and Collections.
Page 23
continued...

HASLEMERE EDUCATIONAL MUSEUM
Notes to the Flnanclal Statements - contlnued
for the Year Ended 31 December 2024
21.
OTHER FINANCIAL COMMITMENTS
As of 31 December 2024 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 {2023'. NIL).
Page 24