``` REGISTERED COMPANY NUMBER: 04265110 (England and Wales) REGISTERED CHARITY NUMBER: 1093763 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`UNAUDITED FINANCIAL STATEMENTS`** ``` FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`FOR`** ## **`HAVERING MUSEUM LIMITED`** ``` Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN ``` ``` HAVERING MUSEUM LIMITED ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023`** |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`3`| |**`Independent Examiner's Report`**||`4`|| |**`Statement of Financial Activities`**||`5`|| |**`Statement of Financial Position`**|`6`|`to`|`7`| |**`Notes to the Financial Statements`**|`8`|`to`|`13`| |**`Detailed Statement of Financial Activities`**|`14`|`to`|`15`| ``` HAVERING MUSEUM LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31March2023.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` Theobjectivesaretoeducatethepublicbypromotion,support,assistanceandimprovementofthe Havering Museum.Thepoliciesadoptedinfurtheranceoftheseobjectiveshavenotchangedduringtheyear. The charitywasformedtoadministerandruntheHaveringMuseumlocatedat19-21HighStreet,Romford , Essex,RM11JU.TheBoardofDirectorshaspaiddueregardtoguidanceissuedbytheCharityCommission in decidingwhatactivitiesthecharityshouldundertake.Thecharity'sprimaryactivitythroughouttheyear was the administration and promotion of the Havering Museum. ``` ## **`Achievements and performance`** ``` Themuseumfacessignificantchallenges.Certainareasofthemuseumbusinessanditsvolunteer base remainsignificantlydowncomparedtopre-2020levels.Runningcosts,inparticularutilitieshave also increased. ``` ``` Asanorganisation,themuseumhasbeenproactiveidentifyinghowbesttoreshapestructurallyand create newrevenuestreams.A£10,000LBHDiscretionaryGrantwasusedtocommissionthe2010Focus Group ConsultantstocarryoutaStrategicReview,andanumberoftheirrecommendationshaveeither been implementedorunderconsideration.Anadditional£3,825MuseumofLondonResetGrantwasalsoused to identify gaps and invest in the permanent displays. ``` ``` Admissionsandattendancetoeventshasmarginallyincreased,thoughfootfallfromroomhire remains sluggish.However,therecontinuestobegroundsforoptimismwiththeexpansionofthe schools programme and the reintroduction of a family activities programme for the summer of 2023. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` Thecharityhasgeneratedincomingresourcesof£39,426(2022:£30,942)andanetsurplusof £4,106 (2022:£2,216)resultedafterdeductingallrelatedexpenditure.Theincomeincludesnormal museum activitiessuchasadmissions,roomhiresandschoolvisitandalsodonations,sponsorshipsandgrant monies awardedforspecificpurposesi.e.,amuseumStrategicReviewandanewmuseumexhibitiondisplay. The costsof£35,320(2022:£28,726)relatedtobothoperationalandadministrativecostsincluding utilities, repairsandmaintenanceandinsuranceandalsotoone-offexpenditureonundertakingtheStrategic Review and establishing a new Romford Brewery display. ``` ``` TheBoardofDirectorshaveassessedthemajorriskstowhichthecharityisexposedandaresatisfied that systems are in place to mitigate exposure to these risks. ``` ## **`Reserves policy`** ``` Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecificuse should bemaintainedatalevelequivalenttoatleastthreemonth'sexpenditure.TheBoardofDirectors consider thatreservesatthislevelwillensurethat,intheeventofasignificantdropinfunding,theywillbeable to continuethecharity'scurrentactivitieswhileconsiderationisgiventowaysinwhichadditionalfundsmay be raised. This level of reserves has been maintained. ``` ``` Page 1 ``` ``` HAVERING MUSEUM LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`FINANCIAL REVIEW`** ## **`Going concern`** ``` ResourcingattheMuseumremainsanissueandhasthepotentialtoinhibitgrowthofthecharity and progressofongoingprojects.Withthisinmind,theMuseumhasbeenworkingwithaMuseum Development OfficerattheMuseumofLondon.FollowinginitialconsultationsaSustainabilityReviewwas initiated identifyingareaswithintheMuseumrequiringattentionandsettingrealistictargets,manyofwhich have beenmet.AspartofthereviewwewerealsoinconsultationwiththeLondonBoroughofHavering who assistedtheMuseuminapplyingforaDiscretionaryGrantof£10,000forthecommissioningofa Strategic Review. Focus Consultants bid to carry out the review was subsequently commissioned. ``` ``` Nevertheless,ourCollectionsandExhibitionteamhavemadegreatprogressensuringpartsofthe permanent displayshavebeenrefreshedandthereisafulltemporaryexhibitionprogrammeshowcasinglocal talent. OurmostrecentinstallationintheTemporaryExhibitionSpaceistheHaveringMuseumPhotography Group annual exhibition. Work continues to utilise and digitise our archived in-house exhibitions. ``` ## **`Partnerships`** ``` Oursponsorshippartnershaveagreedtocontinuetheirsponsorshipin2023-24andourinvolvement with DiscoverME and Valence House continues. ``` ``` Our sponsors / partners are: ``` ``` Moore Kingston Smith - Four education sessions, Family Day and two loan boxes. ``` ``` Mullis & Peake - Reminiscence Group. Clemence Hoar Cummings - Variety Club Friends of Havering Museum - Purchase of equipment. ``` ``` TheLondonBoroughofHaveringhasactivelysupportedtheMuseumandprovidedadviceand guidance duringtheSustainabilityReviewandonanumberofothermatters,nottomentionusingtheMuseumto host anumberofevents.WewillcontinueourpartnershipwithDaysOut/EssexTouristandDiscoverMe in providing discount tickets when open. ``` ## **`FUTURE PLANS`** ``` StrategicandforwardplanningcontinuestobeguidedbytheStrategicReviewreportandMuseumof London ResetGranthealthcheckfrom2022.AssuggestedbytheStrategicReview,theBoardintends to commissionanAudienceDevelopmentProjecttoidentifynewandwideraudiences,expandour outreach programmeanddevelopclearermarketingstrategies.Itwillalsobeutilisedtoformthebasisfor grant applications to fund paid staff. ``` ``` ThemuseumiscommittedtodevelopingitspermanentdisplaysthroughitsWorkingLivesProjectand invest innewinteractiveandengagingsoftwareinthegalleries.Despiteresourcingissues,itsBoard, Managers, Volunteers,SponsorsandFriendsofHaveringMuseumremaindedicatedtoensuringthemuseumgrows and remains a welcoming heritage and community hub. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company, limited by guarantee, as defined by the Companies Act 2006. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Company number`** ``` 04265110 (England and Wales) ``` ## **`Registered Charity number`** ``` 1093763 ``` ``` Page 2 ``` ``` HAVERING MUSEUM LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`Registered office`** ``` Havering Museum 19-21 High Street Romford Essex RM1 1JU ``` ## **`Trustees`** ``` P E Wilkes (deceased 27/12/2022) B D Evans J R Garnell P S Johnson (resigned 20/10/2022) J A Shingleton - Chair (from 27 January 2023) P Stewart (resigned 27/1/2023) L K Westwood A S Curtin P A Young N A H Wilkes S Boersma E J McKiernan ``` ## **`Independent Examiner`** ``` Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN ``` ``` Approved by order of the board of trustees on 19 October 2023 and signed on its behalf by: ``` ``` J A Shingleton - Trustee ``` ``` Page 3 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAVERING MUSEUM LIMITED`** ## **`Independent examiner's report to the trustees of Havering Museum Limited ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 March 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the 2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. 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` `4. 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 (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` Lee Blunden FCCA CTA ``` ``` Clemence Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN ``` ``` Date: ............................................. ``` ``` Page 4 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`10,802`**
**`Charitable activities`**
`5`
`Admissions and promotion`
**`13,965`**
`Other trading activities`
`3`
**`564`**
`Investment income`
`4`
**`251`**
`Other income`
**`13,844`**
**`Total`**
**`39,426`**
**`EXPENDITURE ON`**
`Raising funds`
`6`
**`6,654`**
**`Charitable activities`**
`Admissions and promotion`
**`28,666`**
**`Total`**
**`35,320`**
**`NET INCOME`**
**`4,106`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`138,869`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`142,975`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`10,802`**
**`13,965`**
**`564`**
**`251`**
**`13,844`**
**`39,426`**
**`6,654`**
**`28,666`**
**`35,320`**
**`4,106`**
**`138,869`**
**`142,975`**|`2022`
`Total`
`funds`
`£`
`8,382`
`4,166`
`411`
`(17)`
`18,000`
`30,942`
`2,295`
`26,431`
`28,726`
`2,216`
`136,653`
`138,869`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ## **`HAVERING MUSEUM LIMITED`** ## **`STATEMENT OF FINANCIAL POSITION 31 MARCH 2023`** |`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`10`
**`1,925`**
**`CURRENT ASSETS`**
`Stocks`
`11`
**`1,026`**
`Debtors`
`12`
**`5,210`**
`Cash at bank and in hand`
**`138,737`**
**`144,973`**
**`CREDITORS`**
`Amounts falling due within one year`
`13`
**`(3,923)`**
**`NET CURRENT ASSETS`**
**`141,050`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`142,975`**
**`NET ASSETS`**
**`142,975`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`1,925`**
**`1,026`**
**`5,210`**
**`138,737`**
**`144,973`**
**`(3,923)`**
**`141,050`**
**`142,975`**
**`142,975`**
**`142,975`**
**`142,975`**|`2022`
`Total`
`funds`
`£`
`1,362`
`1,026`
`6,053`
`146,603`
`153,682`
`(16,175)`
`137,507`
`138,869`
`138,869`
`138,869`
`138,869`| |---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for the year ended 31 March 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 March 2023 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` - `(b) 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 6 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2023`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 19 October 2023 and were signed on its behalf by: ``` ``` J A Shingleton - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102, havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS 102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its estimated useful life. ``` ``` Fixtures and fittings- 33% on cost ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for obsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ``` continued... ``` ``` Page 8 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** |**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
`Donated services and facilities`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Shop income`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Admissions`
`Admissions and promotion`
**`6.`**
**`RAISING FUNDS`**
**`Other trading activities`**
`Purchases`
`Staging fundraising events`
`Advertising`
**`7.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`|**`2023`**
**`£`**
**`9,612`**
**`1,190`**
**`10,802`**
**`2023`**
**`£`**
**`564`**
**`2023`**
**`£`**
**`251`**
**`2023`**
**`£`**
**`13,965`**
**`2023`**
**`£`**
**`-`**
**`6,654`**
**`-`**
**`6,654`**
**`2023`**
**`£`**
**`754`**||`2022`
`£`
`7,636`
`746`
`8,382`
`2022`
`£`
`411`
`2022`
`£`
`(17)`
`2022`
`£`
`4,166`
`2022`
`£`
`206`
`1,989`
`100`
`2,295`
`2022`
`£`
`884`| |---|---|---|---| ||||| ||||| ||||| ``` continued... ``` ``` Page 9 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`8. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norfor the year ended 31 March 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended 31 March 2022. ``` ## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`8,382`
**`Charitable activities`**
`Admissions and promotion`
`4,166`
`Other trading activities`
`411`
`Investment income`
`(17)`
`Other income`
`18,000`
**`Total`**
`30,942`
**`EXPENDITURE ON`**
`Raising funds`
`2,295`
**`Charitable activities`**
`Admissions and promotion`
`25,431`
**`Total`**
`27,726`
**`NET INCOME/(EXPENDITURE)`**
`3,216`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`135,653`
**`TOTAL FUNDS CARRIED FORWARD`**
`138,869`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`1,000`
`1,000`
`(1,000)`
`1,000`
`-`|`Total`
`funds`
`£`
`8,382`
`4,166`
`411`
`(17)`
`18,000`
`30,942`
`2,295`
`26,431`
`28,726`
`2,216`
`136,653`
`138,869`| |---|---|---| ``` continued... ``` ``` Page 10 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`10. TANGIBLE FIXED ASSETS`** |**`10.`**|**`TANGIBLE FIXED ASSETS`**||| |---|---|---|---| ||||`Fixtures`| ||||`and`| ||||`fittings`| ||||`£`| ||**`COST`**||| ||`At 1 April 2022`||**`18,199`**| ||`Additions`||**`1,317`**| ||`At 31 March 2023`||**`19,516`**| ||**`DEPRECIATION`**||| ||`At 1 April 2022`||**`16,837`**| ||`Charge for year`||**`754`**| ||`At 31 March 2023`||**`17,591`**| ||**`NET BOOK VALUE`**||| ||`At 31 March 2023`||**`1,925`**| ||`At 31 March 2022`||`1,362`| |**`11.`**|**`STOCKS`**||| |||**`2023`**|`2022`| |||**`£`**|`£`| ||`Finished goods`|**`1,026`**|`1,026`| |**`12.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |||**`2023`**|`2022`| |||**`£`**|`£`| ||`Trade debtors`|**`1,567`**|`1,596`| ||`VAT`|**`172`**|`742`| ||`Prepayments`|**`3,471`**|`3,715`| |||**`5,210`**|`6,053`| ``` continued... ``` ``` Page 11 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade creditors`
`Deferred income`
`Accrued expenses`|**`2023`**
**`£`**
**`2,967`**
**`-`**
**`956`**
**`3,923`**|`2022`
`£`
`1,109`
`14,166`
`900`| |---|---|---| |||`16,175`| ## **`14. MOVEMENT IN FUNDS`** |**`MOVEMENT IN FUNDS`**||||||| |---|---|---|---|---|---|---| |**`Unrestricted funds`**
`General fund`

`Heritage Lottery fund`

**`TOTAL FUNDS`**

`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
`Heritage Lottery fund`
**`Restricted funds`**
`HLF WW1`
**`TOTAL FUNDS`**||`At 1.4.22`
`£`
**`114,382`**
**`24,487`**
**`138,869`**
**`138,869`**
`Incoming`
`resources`
`£`
**`39,426`**
**`39,426`**
`At 1.4.21`
`£`
`111,166`
`24,487`
`135,653`
`1,000`
`136,653`||`Net`
`movement`
`in funds`
`£`
**`4,106`**
**`-`**
**`4,106`**
**`4,106`**
`Resources`
`expended`
`£`
**`(35,320)`**
**`(35,320)`**
`Net`
`movement`
`in funds`
`£`
`3,216`
`-`
`3,216`
`(1,000)`
`2,216`||`At`
`31.3.23`
`£`
**`118,488`**
**`24,487`**
**`142,975`**
**`142,975`**
`Movement`
`in funds`
`£`
**`4,106`**
**`4,106`**
`At`
`31.3.22`
`£`
`114,382`
`24,487`
`138,869`
`-`
`138,869`| |||||||| |||||||| |||||||| ``` continued... ``` ``` Page 12 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`14. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`30,942`|`(27,726)`|`3,216`| |**`Restricted funds`**|||| |`HLF WW1`|`-`|`(1,000)`|`(1,000)`| |**`TOTAL FUNDS`**|`30,942`|`(28,726)`|`2,216`| ## **`Heritage Lottery Fund`** ``` Thisfundhadanopeningbalanceof£24,487.Duringtheyearnoneofgrantfundshave been expended,leavingaremainingbalanceof£24,487.Thisprojectistofacilitatethe continued developmentofthemuseumwhichincludesmarketing,maintenanceanddevelopmentof new projects, training, enhancing customer experience and collections ``` ## **`15. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31st March 2023 (2022: nil) ``` ``` Page 13 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Donated services and facilities`
**`Other trading activities`**
`Shop income`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Admissions`
**`Other income`**
`Government grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Purchases`
`Staging fundraising events`
`Advertising`
**`Charitable activities`**
`Repairs and maintenance`
`Cleaning`
`Light and heat`
`Computer costs`
`Postage and stationery`
`Insurance`
`Sundries`
`Subscriptions`
`Depreciation of tangible fixed assets`
**`Support costs`**
**`Governance costs`**
`Accountancy and legal fees`|`2023`
`£`
**`9,612`**
**`1,190`**
**`10,802`**
**`564`**
**`251`**
**`13,965`**
**`13,844`**
**`39,426`**
**`-`**
**`6,654`**
**`-`**
**`6,654`**
**`5,136`**
**`(870)`**
**`4,901`**
**`2,293`**
**`1,577`**
**`3,072`**
**`714`**
**`24`**
**`754`**
**`17,601`**
**`11,065`**|`2022`
`£`
`7,636`
`746`
`8,382`
`411`
`(17)`
`4,166`
`18,000`
`30,942`
`206`
`1,989`
`100`
`2,295`
`8,427`
`3,446`
`2,928`
`1,942`
`1,672`
`2,451`
`1,369`
`75`
`1,419`
`23,729`
`2,702`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ``` ``` HAVERING MUSEUM LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`** |`Total resources expended`
**`Net income`**|`2023`
`£`
**`35,320`**
**`4,106`**|`2022`
`£`| |---|---|---| |||`28,726`| |||`2,216`| ``` This page does not form part of the statutory financial statements ``` ``` Page 15 ```