CLEVELAND IRONSTONE MINING MUSEUM (Company Limited by guarantee - not having a share capital) Trustees, Annual Report and Accounts For the year ended 31 March 2024 Charity number 1080246 Company Registered in England: Number 3837401 Maln office Mill Lane Skinningrove North Yorkshire TS13 4AP
Cleveland Ironstone Mining Museum Annual Report and Accounts Contents TRUSTEES, REPORT forthe year ended 31 March 2024.................................................... REFERENCE AND ADMINISTRATIVE DETAILS... REGISTERED OFFICE..................................................................................................... BANKERS..................................................................... STRUCTURE GOVERNANCE AND MANAGEMENT....................................................... TRUSTEES:............................................................ STAFF:............................................................................. ....... OBJECTIVES AND ACTIVITIES....................................................................................... ACHIEVEMENTS AND PERFORMANCE...................................................................,..... Room to Grow development and other Capital wort(s. Improving the access to the collection for the education of Ihe wider public..... Conservation and preservat'on of artefacts and documents linked to the ironstone mining industry and communities..... Research related to the ironstone mining industry and family histories..... Development and implementation of an interactive activity and education programme for visitors, the local community, local schools, both based at the museum and outreach in the schools . Offering volunteering and work pl2ment opportunities to the local community.., Acknowledgements........................................................... ......................... FINANCIAL REVIEW......... Reserves Policy....... STATEMENT OF TRUSTEES, RESPONSIBILITIES....................................................... 10 INDEPENDENT EXAMINER'S REPORT............... STATEMENT OF FINANCIAL ACTIVITY................................................... 12 BALANCE SHEET.. . . .13 NOTESTO THE FINANCIALSTATEMENTS...................................... .14-21
Cleveland Ironstone Mining Museum Annual Report and Accounts TRUSTEES, REPORT for the year ended 31 March 2024 The Trustees (who are also the directors for the purposes of company law) present their report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Charitys trust deed. the Charities Act 2011, Companies Act 2006 and the 'Statement of Recommended Practice, Accounting and Reporting by Charities 2019 {FRS102). REFERENCE AND ADMINISTRATIVE DETAILS Charity Number: 1080246 Company Registration Number: 3837401 VAT Registration Number.. 407767082 REGISTERED OFFICE Mill Lane Skinningrove Saltbum North Yorkshire TS13 4AP BANKERS Unity Trust Bank 9 Brindley Place Birmingham B12HB Co-operative Bank PO Box 250 Skelmersdale WN8 6WT Redwood Bank The Nexus Building Broadway Letchworth Garden City SG6 3TA
Cleveland Ironstone Mining Museum Annual Report and Accounts STRUCTURE GOVERNANCE AND MANAGEMENT Cleveland Ironstone Mining MLJseum (CIMM) was established in 1983 as the Tom Leonard Mining Museum. CIMM is an independent registered Charity- No 1080246 - registered as CIMM on 7th April 2000. CIMM is a company limited by guarantee No 3837401. registered in England on 7th September 1999. CIMM is a nationally accredited Museum. During 2021122 the Board of Trustees reviewed the museum's Memoranda and Articles of Association and adopted a new Articles of Association, based on the Charity Commission's template, on the 28 January 2022 at an extraordinary general meeting of Trustees. The Charity Commission approved them on 1 July 2022 and Trustees endorsed them at the next meeting 21 September 2022. The Board of Trustees meet at least 6 times a year. New and existing trustees are elected on a three-year rolling period by the Committee at the AGM. New trustees can be co-opted throughout the year and authorised at the AGM. Full trustee rneetings re1ve reports from: Finance Commlttee: comprising 7 truslees. Health & Safety group, comprising 2 trustees and staff members (Mine Manager) to oversee Mine Management, Health and Safety Risk Management. policy and procedure in accordance with Mine Regulations 2014. In reviewing the aims and objectives of the Charity. and as part of the planning of future work, the Trustees have taken account of the guidance given by the Charity Commission on public benefit. Careful consideration is given to ensuring that activities consistently contribute to the Charity's objectives. CIMM'S main areas of charitable activity are detailed below. The major risks to which CIMM is exposed are considered and reviewed on a regular basis at 8oard meetings. TRUSTEES: Rev A Gaunt (Chair) Mr l L Wilson (Vice chair) Mrs J Holt MBE Mrs D F Pollard (Treasurer) (Chair of Finance Committee) Mr A Chilton Mrs E Cuthbert Mrs J Dowey (to April 2023) MrCHart Dr Briony Fox Mr C Twigg Mrs C Zagrovic (from December 2023) Ken Hunter-smith (Secretary to March 2024) Miss M Woods (Chief Executive) (from March 2024) VICE PRESIDENT Mr A Richardson stepped down as a Trustee and became the Vice President at the AGM on 1 June 2022
Cleveland Ironstone Mining Museum Annual Report and Accounts STAFF: Chief Executivelmine Manager: Marie Woods (from 27 March 2023) Director of Operations: Graham Banwell (to 30 November 2022) (from 1 December 2022 to June 2023 Advisor to Museum Manager) Collections Manager (previously Collections and Engagement Officer).. Angela List-Evans (from 6 July 2022) Business Manager and Room to Grow Prqect Manager. Ken Hunter-smith (to 28 February 2024) Marketing Manager: Nick Wesson (from 3 April 2023) Education Manager.. Jean Banwell (to 1 September 2023) Learning Manager.. Grace Redpath (from 16 October 2023) Housekeeping.. Ann Currie (from 20 February 2023) and Ellen Ashbridge (from 20 February 2023) Volunteer Co-ordinator: Shirley Buckingham (to 31 December 2023) Education and events Officer: Isaac McBumey (from 3 January 2023) Retail Officer: Antony Peacock (to 15 September 2023} Retail Officer: Angela Smith (from 9 October 2023) Outreach and Engagement Manager: Nicola Greenwood (frorn 9 October 2023) OBJECTIVES AND ACTIVITIES Charitable Objectives are: To provide a permanent record of the ironstone mining industry in Cleveland. To advance the education of the public by the establishment of a museum studying, collecting, preserving and exhibiting to the public machinery, objects and infomiation illustrating the development of the industry and the way of life of the ironstone miners in Cleveland. The Charitable Objectives are met by: Collecting, preserving and conserving objects, photographs and documents, relating to the development of these industries, the growth of the mining communities, and the way of life of miners and their families; Democratising our collections for the purposes of interest, learning, and research, not only within the museum, but also within the wider community, through educational loaned material, temporary exhibitions, and community led exhibitions and projects. Providing an immersive, interpretive, educational experience of the industrial, social and natural histories of East Cleveland, Tees Valley and North Yorkshire., by means of exhibitions, interactive displays and outreach activities. Promoting tourism, stimulate economic regeneration and enhance the social cohesion of the local area Land of Iron's vision is: To preserve and promote the ironstone heritage of Cleveland and North Yorkshire through the Land of Iron (Cleveland Ironstone Mining Museum),. To become a leading centre for industrial heritage research; To provide lifelong learning experiences that supports the needs of visitors, learners, and the community.
Cleveland Ironstone Mining Museum Annual Report and Accounts To contribute to people's health and wellbeing, create jobs, and promote tourism across Tees Valley and North Yorkshire. To be a nationally and intemationally recognised organisation: To provide a safe and accessible pla where everyone is welcomed and represented. Preserving the Past, Forging a Future We aspire to be relevant, ouhmard-looking, and a valuable community asset. Land of Iron will provide cultural and learning opportunities for people across our communities and be the lasting link beeen our proud ironstone mining legacy and to promote a prosperous future across Tees Valley and North Yorkshire. ACHIEVEMENTS AND PERFORMANCE 1. Room to Grow development and other Capital works. Improving the access to the collection for the education of the wider public. The Roorn to Grow building project funded by National Lottery Heritage Fund INLHF), Coastal Communities Fund (CCF) and Tees Valley Combined Authority, to extend the museum buildings. is the museum's largest development since it opened in 1983. It has more than doubled the size of the existing museum adding a walk round exhibition space, environmentally controlled collections store, two large classrooms, offices and toilet facilities. Redcar and Cleveland Borough Council are the lead partners for financial management of this £2.5 million investment which does not appear in these accounts. The project's purpose was to improve the physical facilities enabling long temi opportunities for education and social benefits for the public, visitors and volunteers now and into the future. Land of Iron has now been open for over a year, and has continued to grow during this period of time. Without the support of the whole museum team (staff, volunteers and Trustees) and extemal organisations, we would not be in the position we find ourselves today, and for that we will be forever thankful. Between April 2023- March 2024, the museum has received over 12260 visitors (figure doesn't yet include family activities, lecture or event attendance). This is a staggering number on the basis that the North Drift hasn't been accessible. In June 2023, Land of Iron won the regional title for the Constructing Excellence Award Best Value Category. As a result, the museum was invited to the National Awards. where we came runners up in the same category. The official opening took place in September 2023, and was opened by the Honourable Joanna Pease, of the Pease family who first set up the Loftus Mine in 1864. It was a wonderful lebratiOn and continuity of historical links. The staff funded by the National Lottery Heritage Fund "Room to Grovf project, Business Manager and Collections and Engagement OffIr (now Collections Manager), Retail Officer, Education and Events Officer, continued to be employed. The additional post of Outreach and Engagement Manager was created to support the expanding museum offer. Conservation and repair work on the historic rnining buildings is ongoing. We are indebted to ICL Boulby, AMCO Giffen, and British Steel for their advi, support and offer to undertake the repair work to the portal of the North Drift at no cost. Due to their extremely generous
Cleveland Ironstone Mining Museum Annual Report and Accounts donation of material and their time, the North Drift opens to the public once again on 29 April 2024. It has been closed for 7 years, and we know how much the reopening will mean to so many. The museum is extremely grateful to an anonymous donor whose continued generous support has allowed the museum to deal quickly and effectively with the repairs to the existing mine buildings as well as help support our staff. Without this there would have been considerable challenges. To strengthen the museum offer and facilitate urgent remedial work, a portion of the dono¢s financial contribution was restricted for match funding for an Arts Council Museum Estate and Development Fund application. Unfortunately, Round 3 was unsuccessful, but we have resubmitted an applicatson for MEND Round 4. 2. Conservation and preservatlon of artefacts and documents15nked to the ironstone mining industry and communities. Access to the museum's collections is offered in a variety of ways that enhance leaming, encourages exploration, and promotes the hisiory and legacy of local heritage and industry. The benefit of such actions enables future generations to learn about the past, and to take pride in their history. Cleveland Ironstone Mining Museum (Land of Iron) is a fully accredited museum service. The museum was invited to reapply for accreditation, with the full application being submitted January 2024. In accordance with the new building and following SPECTRUM Standards, all of the collections policies were reviewed in 2023. CIMM (Land of Iron) holds the largest collection of objects and documents linked to ironstone mining in the country. The museum has a collection of both national and international importance. The pemianent and temporary exhibitions display a wealth of objects that reflect the various themes of ironstone mining. from the tools used, to domestic life. Our displays offer members of the public an opportunity to learn about the ironslone industry and interact with local heritage. The collection is managed by a full-time Collections Manager, who coordinates a team of trained volunteers. The collections team work together to care. conseNe, and audit the collections, The bulk of the collection is located in the main collections store on site and was moved back to the museum during September 2022 and July 2023. The store has a clirnate control system in place, with a new ventilation system in the archive room. There are additional climate checkers (Tiny Tags) located in the main exhibition space and Tom Leonard Gallery. There is also a small office space which doubles up as a collections research space, The new object store and archive has enabled the collection to be fully laid out and allow for a thorough audit to take place which is still ongoing. The collection has been in storage for 5 years prior to the redevelopment. Volunteers have received further training on MODES (the museum standard cataloguing system). Training has been given to six people, increasing our ability to move forward with the cataloguing of the collection.
Cleveland Ironstone Mining Museum Annual Report and Accounts As a result of the new facilities important donations of documents and artifacts have been made. This demonstrates a confidence in the new facilities and the perfomiance of the museum going forward. In November 2023 the museum received a large number of digital prints of Skinningrove, captured by internationally renowned photographer Chris Killip. Support for care and maintenance of the collection has come from Tyne and Wear Museums in the form of a grant. With thanks to a grant from AIM Pilgrim Trust we were able to contract an independent consultant provide a full set of recommendations for ftjrther collections care and conservation, based on the museums current position. 3. Research related to the ironstone mining industry and family histories. This year we have welcomed a number of academics to the museum who have made enquiries regarding access to certain areas of our collections. In particular, we were visited by a Professor from Japan, who was conducting research relating oral histories of miners. Family history research has continued to be extremely successfully raising in excess of £475 in donations. Alarge number of enquiries were received during and following on from our Mine on the Move event in February 2024. 4. Development and implementation of an interactive activity and education programme for visitors, the local community. local schools, both based at the museum and outreach in the schools. The leamlng programme, half terrn activities, and events, benefits a diverse audience. We are working hard to create new opportunities to help expand people's knowledge and understanding of the ironstone industry as well as widen community participation in other none heritage related adivities. Our programme seeks to ensure safe and inclusive access for all, We are dedicated to becoming a centre for community support. By creating and delivering a varied activities programme we aim to raise aspiration and attainment and provide opportunities for skills development, and support local economic and cultural capacity. As part of the Room to Grow Project an Activity Plan was agreed and has now been completed. Two main elements of this plan were object rings {stands which would hold objects) for the main exhibition space and the delivery of two temporary exhibitions. A decision was made to alter the object rings in favour of children's explorer backpacks- this has proven to be a successful initiative and children have loved wearing miniature helmets, using the binoculars and the wind-up torches as part of the tour and wider rnuseum engagement. The first temporary exhibition "Hazards, Heroes and Superstitions" covered the folk lore of mining. the unsung heroes, and the often, perilous working conditions endured by both miners and horses alike. The second was "Mines, Minerals and Men" a celebration of the geology of the East Cleveland Coastline and the efforts and contributions of Lewis Hunton, a local fossil hunter. The exhibition was supported by loaned objects from Scarborough Museums and Galleries, and other personal loans.
Cleveland Ironstone Mining Museum Annual Report and Accounts Since October 2023 the leaming offer has been changed to encompass a wider range of scientific and local history-based sessions. The most popular workshop continues to be the mining experience, though this will be redeveloped once the North Drift has reopened. The museum's learning team has continued lo tske an active role as part of the Making a Mark partnership (funded by Arts Council England) with other museums and galleries in the Tees Valley. With Ihanks to the grant scheme a new workshop on Michael Farraday has been developed to enhance the museums STEM offer. In August 2023, the museum reintrodUd the Tom Leonard Lecture, instead of a single event, as a series with talks taking place each month. So far, every talk has been sold out. Some of our guest speakers have included, Professor Joann Fletcher, Colin Hart, Jonathan Wallis (National Trust) and Lara Moon (Teesside Archives). Family half tem activities have been proving popular, especially our "Before Time. event as part of our'mines. Minerals and Men" exhibit. where we partnered with Fossils in't hills, ICL Boulby, and the Dark Matter Lab at Boulby. We had over 180 people attend across a 4 hour period. For Christmas, we were fortunate enough to secure a grant from the Half Term Activity Fund, and we were able to run a week long session of activities over the break. Since the appointment of a new Outreach and Engagement Manager, the museum has been able to regularly offer workshops in care homes. Sessions include reminiscence boxes, arts and crafts, and oral histories. We were able to secure some grant funding to enable these care homes to visit the museum for afternoon tea and a look around the exhibition. In February 2024. we launched our.mine on the Move" initiative. This outreach and engagement scheme sees the museum being taken out to various venues across the Tees Valley and North York Moors to enable those who may not be able to visit the museum, to engage with the museum's collections, leam about the industry and socialise with members of the museum team. It is also used as a way of recruiting new volunteers as they are able to view first-hand what the museum does. 5. Offering volunteering and work placement opportunities to the local community Volunteers benefit from their engagement with the museum through the training provided, the support and social interaction they receive enhancing their engagement in the wider communtty and reducAng isolation. Learning, collections, and maintenance volunteers have continued to help the museum succeed and grow, especially over the last year of being open to the public. The cuent number of volunteers giving their valuable time and completing some extremely important work is 33. A total of 10619 hours from April 2023-March 2024. We are currently working alongside DWP to offer various work tasks to help support the development of participants skillsets and gain valuable experience in a professional environment.
Cleveland Ironstone Mining Museum Annual Report and Accounts Training has been given for First Aid, Fire Safety Training. Deputy Mine Manager, General Building Operation and Moving and Handling, Emergency Evacuation some of these have certification for future use by the volunteers in other settings. Safeguarding training is about to be completed. Acknowledgements Thanks to all our volunteers for their support through this exciting first year of opening. Their hard work, dedication, support, and enthusiasm has helped the whole organisation. Without our wonderful volunteers, the museum would not be what it is today- they are the best part of our organisation. Thanks also to: Arts Council England AmcoGriffin North Skelton Village Hall North York Moors Caving Club North York Moors National Pat1< Penny Petroleum Redcar Athletic Redcar & Cleveland BC Redman Partnership. Geoff. Val & Joanne Robinson and Kaskane Honorable Joanna Pease British Steel {Skinningrove} Cleveland Mining Heritage Society Cleveland Model Railway Club Coatham Coaches Guy Culhbert Dementia Action Teesside Professor Joann Fletcher Giles Proctor, Hisloric England Holiday Activity Fund ICL Boulby Mine Steven Samuel. HM Principal Inspector of Mines James Innerdale. Conservation Architect Matthew and Mary Killip Kirkleatham Museum Loftus Town Council Middlesbrough Football Club Foundation MIMA Middlesbrough Museum Development North East National Lottery Heritage Fund Jonathan Wallis, National Trust North Skellon Tees Components Band Peter Tuffs Skinningrove Village Hall Structural & Civil Consultants Graham Smith Scarborough Museum and Galleries Teesside Archives Tees Valley Combined Authority Tees Valley Rural Action Tees Components The Miners Arms - Skelton Green Together Middlesbrough & Cleveland Worshipful Company of Ironmongers Tyne & Wear Archives and Museums
Cleveland Ironstone Mining Museum Annual Report and Accounts FINANCIAL REVIEW The financial position of the Charity is continually monitored by the Board and Treasurer with financial reports submitted to the Board of Trustees at each meeting. Income and expenditure are also reviewed against budgets. The results for the year are shown in the Statement of Financial Activities on page 12. The anticipated deficit of £73.817 was incurred for the year. as a result of the expenditure on rnarketing, repairs, maintenan, fumishings and equipment that had been earmarked in restricted reserves held for these purposes. Total funds being £398,355 at the year end date of 31 March 2024. The museum's finances were fully operational on Sage for the whole year. Reserves Policy In the current economic climate, the Trustees aim to maintain free reserves at a level which equates to approximately three months core operating costs, (£35,000). This will be reviewed annually to ensure that this target figure is both current and sufficient lo enable costs to be covered. As a result of the at)ove strategy, our free non-designated reserves were £38,256 at 31 March 2024. By Order of the Board A Gaunt D F Pollard Chair Treasurer 19 July 2024
Cleveland Ironstone Mining Museum Annual Report and ACuntS STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also directors of Cleveland Ironstone Mining Museum for the purpose of company law and members for the purposes of the Charity Commission) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the Methods and principles in the Charities SORP 2019 (FRS102). Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. The Trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the charitable company's website. 1Q
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLEVELAND IRONSTONE MINING MUSEUM I report to the charity trustees on my examination of the finanaal statements of Cleveland Ironstone Mining Museum for the year ended 31 March 2024. This report is made solely to the charitable company's trustees, as a bi)dy, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordan with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state lo the charitable company's trustees those matters l am required to state to them in an independent examinerfs report and for no other purpose. To Ihe fullest extent pemiitted by law. I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's tnjstees as a body for my independent examinerfs work, for this report, or for the opinions I have fomied. Responslbilities and basls of report As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Ihe Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the financial statements of the charitable 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 financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examinerfs statement 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 2. the financial statements do not accord with those records; or 3. the financial statements 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 malter considered as part of an independent examination. or 4. the financial statements 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 (FRS 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 lo enable a proper understanding of the financial statements to be reached. Adrian Rodaway FCA. DChA. BFP HPH, Chartered Accountants 54, Bootham, York, Y030 7XZ 19 July 2024
CLEVELAND IRONSTONE MINING MUSEUM STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Year ended 31 Mar¢h 2024 Year ènded 31 March 2023 Note Unrestricted Fund5 Restrlcted Funds Incom• and •ndowm•nts from: Donations and legacies Charitable activities Other trading activities Investments - interest received 39,011 197.580 43.515 235.291 11.261 3.1gs 37,065 154.372 4.274 2,682 37,711 11,261 3,195 Total 56,671 236,591 293.262 198,393 Expendlture on: Charilabla acllvilies Propety Costs 63,192 236.978 66.909 300.170 66,909 217,490 289,193 Total 63.192 303.887 367,079 506,683 Net deficit (6,521} 8.855 {67,296) (8.855) (73,817) {308,290) Transfers botween funds Net movement In fvnds for Ihé year 2,334 (76,151) (73,817) (308,2901 Total funds brought forward 35.922 436,250 472,172 780,482 Total funds carrled foThvard £ 38,256 £ 360.099 £ 398,355 £ 472,172 The notes on p8ge8 7410 21 f¢ym part of these fin8ncMI statements. 12
CLEVELAND IRONSTONE MINING MUSEUM (Registration number- 3837401) BALANCE SHEET S AT 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assels 265,562 272.893 CURRENT ASSETS Stock Debtors Cash al Bank and in Hand 14,055 28,940 109.043 17,750 74,121 132,642 10 152.038 224,513 CREDITORS.. amounts falllng due withln one year 11 19.245 25.234 NET CURRENT ASSETS 132,793 199,279 TOTAL ASSETS LESS CURRENT LIABILITIES 398.355 472,172 NET ASSETS £ 398.355 £ 472,172 FUNDS Unrestricted Funds Reslrlcled Funds 12 12 38.256 360,099 35,922 436,250 FUNDS £ 398.355 £472,172 In the directors, and trustees, opinion Ihe Charilable Company was entitted under sects'on 477 of Ihe Companies Acl 2006 I'the Act,) to exemption from the audit of its financial stalements for the year ended 31 March 2024. No notice from rnembers requiring an audit has been deposited under section 476 of the Act in relatior¢ lo ils financial statements for the financial period. The directors and tnjstees are responsible for ensuring that the Charitable Company keeps accounting records which comply with section 386 of the Acl arKf for preparing financial slatements which give a true and fair view of the stale of affairs of the Charitable Company as at the end of each financial period and of its income and its expenditure for each period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with its requirements. so far as applicable to the Charitable Company. These financial 5tstements hav8 been prepared in accordance the special provisions for small companies under part 15 of the Companie5 Act 2006. Approved by the Board of DirectoKs and Trustees on 19 July 2024 signed on its behalf by." A Gaunt Director and Tkvstee The notes on pages 14 to 21 form part of these financial slalements. 13
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Charlty infomation Cleveland Ironstone Mining Museum is a privat8 company limtiad by guarantéè incorporatèd in England and Wal8s. The address of Ihe registered office and prinGipal place of bjsiness is Mill Lane, Sknnniwrove. North Yorkshi, TS13 4AP. Ac¢ounting ¢onventlon Th6 financial slatem6nts have been prepare(i in accordance with the charitys goveming document, th8 Companies Act 2006 and 'AccDunting and Reporttng by Charitles., Stsiernent irf Recx)mrnended Prac11 applicable to tharities preparin9 their accounts in accordance wth the Financial R8PQrting Standard 8pplieAble in thé UK and Republic of Ireland IFRS 1021 {effective 1 January 20191. the Chariti8s SORP" The charity c£)nstitutes 8 public benefrt en¥ty as defined by FRS 102. The accounts are presented in UK Sterfing pounds {£1. The flnandal statements have been prepared under Ihe historfeal $t convenllon. modifled to indude the revaluatton of freehold propertles and lo includ8 inveslmenl properbes and certain financ4al instruments at fair value. The pnnapal accounting policies are sel out below. Going Concern Al thé tlme ol approving the accoun15, the tDJslee5 have a reasonable expectation that adequate financial resources are avallable to enable the charity to continu8 in oparalional èxislèn¢8 for the foreseeable lulure. Thus, the tru51ees continue to adopt th8 going conc8Tn basis of aGGounling in preparing the financial slalemenls. Charltable funds Unreslricled funds are 8vailable for use al the discretion of the trustees in furth8rance of th8ir charttable objecllves un18ss the funds have been designated for oiher purposes. Restricted funds are subjeGt to specrfiG o?ndttions by donor5 as lo h¢)w they may be Lwd. Income r•cognltSon Income is recognised when the charity is legally entided io it after any performance eAywJilis have been mel, the 8moun18 can be measured reliably, and il is probable that the Income wll be received. Cash donallons are regnised on receipt. Oiher donations are recognised once the charity has been nolfied of the donotion unless performance conditions require deferral of the amount. Grants reoeivable are shown gross and are fecogni8ed in the SOFA to the exlent thal they relate lo the period up to the year end. Where fundlng has been glven for a perfod Ihal sp8ns the year end. the amount that rdales lo the following pedod Is deferred and thed foard. Resourcas expond¢d All expenditure is accotjnted for on an a¢cnJals basis and has been classif*d under the headings that aggregate all costs related lo the category. Where costs cannot bÈ dirady attiitrtjted lo part¢cular headinos. they have been alloealed lo aclplites on a basis consislenl with Iht use of resourS. Tangible Fixed A55ets Fixed assets wilh a cost of over £500 are included at the low of (x)st or valuati. It is the charity5 poliGy that any capital expenditu below £500 wll be written off in the year of Pltrchase. Dépreclatlon Depreciation is calculated so as to write off the cost or valuation of all asset. less its residual value, over the useful economic live of that assgt as follows.. Buildings Equipment Motor vehide 2% straight line 25% raight line 25% straight line 14
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES Icontlnued) stock Slo¢k of goods for resale in the Mus8um shop are valu8d at the Iow8r of rA)st aThl n6t realisabla valve. after maknng due allowance for obsoleté and slow moving il8ms. Debtors Trade and other deblofs are recognised at the settlemenl amwnt due after any Irade discount offered. Prepayments a valued at the amount prepaid nel of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, olher short-term liquid investments with original rr8lurities of three months or less, and bank overdrafts. Bank overfrafts are shown within borrowngs in current liabililies. Credltors and provlslon8 Creditors an(J pro$10n8 are recognised where the charity has a present obligation resulting from a past event that wll probably re$ult in a transfer of funds to a third paty and the amount due to s&tUe Ihe obligation can be measured or estimated reliably. Creditors and provisions are normally recognlsed at their settlement amovnl after allowing for any trade dise£)unts due. Employee beneflts The cost of any unused holiday 8ntlUement is recognised in the perto(I In whlch the employee's seNlces are recèived. Terninatlon beneftts arg r8cognls8d immedlalely as an expense en the charfty is d8monstrably committed lo t8miinale thé employment of an employee or lo provide termination benefits. Crltlcal accounllng •8tlmates and Sudg•mentJ In the application of the charity's accounting policies, Ihe trustees are required to rnake judgements, esbmates and assumptions about the caryng amount of assets and liabilitses that are not readily apparent from other sources. The estimates and associal8d assumption$ are based on historical experience and other factors that are considered to be relevanL Actual results may differ from these eslimales. The estimates and undedw'ng assumptions are reviewed on an ongoing b¥5is. Rewsions to accounting estimates are COgnISed in the period in which the estimo1¢ is rovised vhere the revision affeGis only Ihdl period. or in Ihe period of revision and lulure periods where the revision affe¢l$ both ¢urrenl and fulure period$. Total 2024 Total 2023 Unrg$trf¢tsd Restrlctsd 2. DONATIONS AND LEGACIES Donations received Anonyrnous donor Family history donations Other donations Glft Aid 31,000 31,000 475 2,794 9.246 28,000 260 1.487 7,316 475 2,533 1.496 261 7,750 £ 4.504 £ 39,011 £ 43,515 £ 37,065 15
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 Unrestrtcted Reslricted 3. CHARITABLE ACTivrriES Granls received National Lottery Heritage Fund Making a Mark Together Middlesbrough & Cleveland Durham Community Foundation Tyne & Wear Archives & Museums North York Moors National Pat1¢ Tees Valley Combined Aulhority Sundry grants below £2.500 144.401 2.751 144,401 2,361 707 81,529 8.890 2.653 14,999 4,951 35,000 1390} 707 3.260 3,260 35,371 4,830 35,371 4,830 To181 grants receive 317 190.613 190,930 £ 148,022 Other Income from charitable actimties Museum- g8n8ral entries Museum- educational wsils Event Income 31,807 31,807 6,967 5,587 3,873 2.427 50 6,967 5,587 £ 37,711 £ 197.580 £ 235,291 £ 154,372 Totsl 2024 Totsl 2023 Unre$tsl¢ted Restrl¢ted 4. OTHER TRADING ACTivrriES Museum- shop s81es Online- shop sales 10.517 744 10,517 744 3,400 874 £11,261 £ 11.261 £4,274 16
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 5. EXPENDITURE ON CHARITABLE ACTIVITIES Year ended 31 March 2024 Basis of Allo¢ation Unrestricted Restricted Staff costs (Note 71 Staff & volLtntear expenses Training Uniforms Trust8e expenses Accountancy fees utilities Insurance offi costs Marketing & publirity Goods for resale A¢livily Costs Vehicle costs Repairs & maintenance Cleaning 8 waste disposal Sundry expen5e5 Bank charges Depre¢lallon rime spent Direct Dlr8cI Diract Dlrect Direct Usage Usage Direct Direct Dired Dired Direct Direct Direct Direct Direct Dire¢t 5,975 1,206 13 71 176,768 3,321 3,017 80 182.743 4,527 3,030 151 164 2,152 15,556 7,622 15,134 10.760 8.494 24,772 379 12,032 2,999 1,191 1.133 7.331 104.189 648 3.466 897 778 2,469 14,307 5,529 29,467 13.645 4.044 18.223 1.027 8.007 2.306 859 299 7,330 2,152 15,556 7.622 6.764 717 8,469 1,675 379 7,425 8,370 10.043 25 23.097 4,607 1,435 107 1.084 1.133 1223 6.108 £63.192 £ 236.978 £ 300,170 £ 217,490 Total 2023 Basls of Anocatlon Unrestricted Restrlcted Year $ndod 31 Mar¢h 2023 Stsff costs (Note 71 Staff & volunteer expenses Trainlng Unrform5 Trustee expens&s Accountanw fee5 Ulillles In8ur8nce Office C4)sls mark6ts.ng & publicity Goods for resale Activity cost8 Vehide costs Repairs & maintenanc Cleaning & waste disposal Sundry expenses Bank charges DepreLa8tion Time spent Direct Direct Direct Dire¢t Direct Usage Usage Direct Direct Dlrect Direct Direct Direct Direct Direct Direct Direct 26,9LKJ 641 52 197 778 2.469 14.307 5.529 9.317 77.289 104,189 648 3.466 897 778 2.469 14,307 5.529 29.467 13,645 4,044 18,223 1,027 8,007 2,306 859 299 7,330 3.414 700 20,150 13,638 13.809 1.027 7.963 2,306 859 299 1,223 4.414 6.107 £ 91,727 £ 125.763 £ 217,490 Included wSthin Accountancy fees are amounts paid to the Independent Examiner in respect of: 2024 2023 Indapendent oxarnination fa8S Other seTwces induding statutory accounts preparatlon and consuancY 1.000 1,065 950 1,465 2,065 £ 2,415 17
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. TRANSFERS BETWEEN FUNDS These represent management and other 8dminlstratlon charges, and the absorption of any defiats on complated projects. 7. STAFF COSTS 2024 2023 Slaff costs wEre as follows: Wages and salaries Social sec4Jrity costs Pension costs 172,444 7,644 2,655 99,664 2,612 1.913 £ 182,743 £104,189 The average number of employees during the star was 10 (2023 - 61. No 8mployee had emoluments in excess of £60.LM). Truste•s' r•rnuneratlon and •xp8nus Rernuneration of £14.087 was paid lo one trustee in the year12023 ' rernuneration of £23.478 was paid to one Iru$lee In the yearl. Mr Ken Hunler-smith was an employee ol Ihe Charfty and also a trustee. While a Iruslee he reGeived remuneration 01 £14.087 and pension benefits of £251. This remunaralion related to his amploymenl position al the Charity and not his Irusleeship. The remuneration is allowable undar ihe Chari(¥s constilution. Travel and subsi$ten¢e expenstss lotslling £164 were 1mbUrs8d to three tnJ*ees dudng the yaar12023 . £778 relmbursed lo tru81888 durlng the yearl. The key management personnel of the Twst comprise the truslees and the Chief ExeGudvo. The l¢)tal employee beneflls of the key mgnag8menl personnel ol the Trust were £54,S61 {2023 .. £48,514). . T AXATION Cl8veland Ironstone Mining Museum Ss 8 charitable company and is exempl from rpOratIOn tax on Its charitable activities. 9. TANGiaLE FIXED ASSETS Motor Vohlclo Property Equlpm•nl Total Cost or valuation At 1 April 2023 and al 31 March 2024 326,143 31,235 11.994 369,372 D8pr8ci8ts'on At 1 April 2023 Charge for year 55,259 6.523 29,226 808 11.994 96,479 7.331 al 31 March 2024 61.782 30.034 11,994 103.810 N8t book value At 31 March 2024 £ 264.361 £ 1,201 £ 265,562 At 31 March 2023 £ 270.884 £ 2,009 £ 272,893
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. DEBTORS 2024 2023 Dablors Prepayments 26,955 1,985 65,067 9,054 £ 28,940 £74,121 11. CREDITORS.. amounts falling due within one year 2024 2023 Creditors Other creditors TaxaUon and S¢xlal secudty Accruals 5,922 1,866 7.569 3,888 9,914 461 10,697 4,162 £ 19,245 £ 25,234 12. MOVEMENT IN FUNDS Balan¢• Balan¢e ¢11 31 March 2024 Incoming r•sourc•s Resources expended 1 Aprtl 2023 Transf•rs Restricted Funds Building grant5 Donor- funds for rafurbishment Education Outreach Collections Room to Grow North York Moors National Park Tees Valley Combined Authoiity 84,765 314,485 12,58SI (80.2471 {18.539) 1654) (6.620) 1144.802) (15.209) (35.231 } 82,180 257,988 38.750 9.864 3,815 4.390 144.401 (15,0001 8.675 13,1611 230 401 35,000 19,791 140 35,371 Total Restrfcted Funds £ 436.250 £238,591 1£ 303,8871 {£ 8,8551 £ 360,099 Unrestrict6d Funds Deslgnated General R8s&rves 35,922 56,671 163,1921 8,855 38,256 Total Unrostrlcted Funds £ 35,922 £ 56.671 1£ 63,1921 £ 8,855 £ 38,256 TOTAL FUNDS £472,172 £ 293262 {£ 367.0791 £ 398.355 R8strfctèd Funds The balance on these funds is Specific to Ihe continuation of acttwty rglaled to the projects for lch the frjnding has b8en given and lh8 details of the projets are Gontsined withln th8 Truslees repo Buildin ran Various grants and donations toardS building costs transferred to a building granl reserve and written t)ff over life of the building. Donor- funds for refurbishment Funds donated by a donor, who bwshes lo remain anonyMcs. Iowdrds the costs of site repairs. impmemènts, ptsp-up museum and some cor& costs. 19
CLEVELAND IRONSTONE MINING MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS Icontinued) Educath'on Funds arising from grants to provide educab.onal reswrces for usè by the museum's education team. Outr83 Grants received from the Holiday Activity Fund and middlesbrou Football Club Foundation for (xrtreach work. Collection Funds arising from grants lo provide equipment and other materials lo be used for the nSe[Vall0n of the museum's historical CA)Iledon. Room lo Grow Funds received by the museum to finance staff vKJrking on thè Room lo Grow d8vèlopm8nl pt7)jed. Nort York Moors N8tr"onal Park Authori Thls grant Income Is to fund the new marketing man4er and be a eontn"bub"on towards the marketsng and adv6.$1ng budget. V 11 Com In8d A tho ' This grant income has ftjnded employment tosts. Balance bff 1 Aprll 2022 8Alance CIF 31 March 2023 Incomlng rosour¢os Resources expended Transfers Reslri¢tod Funds Building grants Donor- funds for r6furblshmant EducaOrt Collections R¢Jom lo Grow North York Moors National Park 87,351 $68,322 12,5861 (288.8371 {27,3281 19,8171 (80.310) 84,765 314,485 35,000 13,970 4.951 81,529 35,(K)O 12,858 2,870 {1,2191 3.996 2,000 35.000 T¢tal Restrided Funds £660,169 £ 170.450 1£ 408,878) £ 14,509 £ 436.250 UnregtriGted Funds Designaled General ReseNes 120,293 27.943 197,805) 114,5091 35,922 Total Unr•strfctod Funds £ 120.293 £ 27.943 1£ 97,805) {£ 14,509) £ 35,922 TOTAL FUNDS £ 780.462 £ 198.393 1£ Sc.683} £472,172
CLEVELAND IRONSTONE kllNING MUSEUkl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestri¢tsd Funds R8Striclod Funds Total Fund balances al 31 March 2024 are represented by.. Tangible Fixed Assets Net Current Assets 19.886 18.370 245,676 114,423 265.562 132.793 £ 38.256 £ 360,099 £ 398,355 Unrestri¢ted Funds Restricted Funds Total Fund balances al 31 March 2023 are represented by.. Tangible Fixed Assets Nel Current Assets 21.109 14.813 251,784 184,466 272,893 199,279 £ 35,922 £ 436.250 £472,172 14. RELATED PARTIES There were no related party transadons durin9 the reporting peric4J. IS. COMPARATIVE STATEMENT OF FINANCIAL ACTlVtriES AND INCOME AND EXPENDITURE ACCOUNT Ygar Ended 31 March 2023 Unr•strlcted Funds Restrlctsd Funds Total Funds Income and andowm8nts from: Donations and legacies Charitable ath'vits'es Olh8r tradlng advliles Inv8slmenls- inlerèsl received 2.065 18,922 4,274 2,682 35,000 135,450 37,065 154,372 4,274 2.682 Totsl 27,943 170,450 198.393 Expendlture on: Charitable actiwlies Property costs 91.727 6.078 125,763 283,115 217,490 289,193 Totsl 97,805 408,878 506,683 Nat expendlture 169.8621 1238,4281 {308,290) Transfers between funds 114.5091 14.509 Net movement In funds for the year 184.371) 1223,9191 1308,290) Totsl funds brought forward 120,293 660,169 780,462 Totsl funds carrfed forward £ 35.922 £ 436,250 £472,172 21