```
REGISTERED COMPANY NUMBER: 04265110 (England and Wales)
REGISTERED CHARITY NUMBER: 1093763
```
## **`REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`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 31ST MARCH 2024`**
||**`Page`**|**`Page`**|**`Page`**|
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Statement of Financial Position`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`11`|
|**`Detailed Statement of Financial Activities`**||`12`||
```
HAVERING MUSEUM LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theobjectivesaretoeducatethepublicbypromotion,support,assistanceandimprovementof the
HaveringMuseum.Thepoliciesadoptedinfurtheranceoftheseobjectiveshavenotchangedduring the
year.ThecharitywasformedtoadministerandruntheHaveringMuseumlocatedat19-21High Street,
Romford,Essex,RM11JU.TheBoardofDirectorshaspaiddueregardtoguidanceissuedbythe Charity
Commissionindecidingwhatactivitiesthecharityshouldundertake.Thecharity'sprimary activity
throughout the year was the administration and promotion of the Havering Museum.
```
## **`Achievements and performance`**
```
Theorganisationcontinuestobenefitfromacommittedvolunteerbase,withindividualscarryingout vital
work to develop the work of the museum both in important front-line roles and at a Board level.
```
```
DuringtheyeartheLondonBoroughofHaveringcommissionedustodesignandpresenteventsat local
shelteredaccommodation.Thesewerewellreceivedandgeneratedincomeandraisedawarenessof the
activities available at the museum.
```
```
Themuseumwasalsoproactivelyworkingwithlocalschools,providingmuseumcreativevisits and
visitingtheschools.Wehavealsodevelopedourverypopularloanboxesforschoolsandorganised 7
freemuseumvisitsforschools,complimentsoftwoofoursponsors.Thesefreevisitswere greatly
appreciated by the schools.
```
```
Ourregularweeklyreminiscenceeventsandmonthlyphotographysessionscontinuetogrowin numbers
andreceivedpositivefeedback.Overtheyearwehaveseenmanynewvisitorstothemuseum,which is
inpart,attributedtoourdiversevibranteventsprogrammes,whichincludedartappreciation.Arange of
localartistsexhibitedandourphotographicgroupputontheirannualexhibition.Elementsof the
galleries have been refreshed.
```
```
TheBoardreceivedtheStrategicReviewfromFocusConsultantsandhaveimplementedmanyof their
recommendations.Oneoftheserecommendationswastorevisitthecurrentaudiencedevelopment plan
andre-engagewiththeotherheritage,businessesandeducationorganisations.Aspartofthis project
further outreach projects took place with families and work was undertaken with Havering College.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Thecharityhasgeneratedincomingresourcesof£42,047(2023:£39,426)andanetsurplusof £6,443
(2023:£4,106)resultedafterdeductingallrelatedexpenditure.Theincomeincludesnormal museum
activitiessuchasadmissions,roomhiresandschoolvisitandalsodonations,sponsorshipsand grant
moniesawardedforspecificpurposesi.e.,amuseumStrategicReviewandanewmuseum exhibition
display.Thecostsof£35,604(2023:£35,320)relatedtobothoperationalandadministrative costs
includingutilities,repairsandmaintenanceandinsuranceandalsotoone-offexpenditureon undertaking
the Strategic Review and establishing a new Romford Brewery display.
```
```
TheBoardofDirectorshaveassessedthemajorriskstowhichthecharityisexposedandare satisfied
that systems are in place to mitigate exposure to these risks.
```
## **`Reserves policy`**
```
Itisthepolicyofthecharitythatunrestrictedfundswhichhavenotbeendesignatedforaspecific use
shouldbemaintainedatalevelequivalenttoatleastthreemonth'sexpenditure.TheBoardof Directors
considerthatreservesatthislevelwillensurethat,intheeventofasignificantdropinfunding,they will
beabletocontinuethecharity'scurrentactivitieswhileconsiderationisgiventowaysinwhich additional
funds may be raised. This level of reserves has been maintained.
```
```
Page 1
```
```
HAVERING MUSEUM LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`FINANCIAL REVIEW`**
## **`Going concern`**
```
Reducedresourcinghasbeenasignificantchallengethisyearbutduetotheflexibilityandhardwork of
thevolunteersandBoard,themuseumisstillpositivelymovingforward.Theideasfromthe audience
developmentworkwillhelptoattractmorevolunteersandmorediversevisitors.Fundingintheform of
grantswillbesoughttoimplementsomeoftherecommendationsfromboththeStrategicReview and
AudienceDevelopmentProject.Timeandfundingwillnowbeneededtocollateallthe different
recommendations and move us forward with a new business plan.
```
## **`Partnerships`**
```
Thelocalbusinesscommunityhasbeen,asalways,outstandingintheirpersonalsupportforthe activities
of the Museum and groups.
```
```
Our sponsors / partners are:
```
```
Moore Kingston Smith - Education programme and leaflet - free school visits
Mullis & Peake - Reminiscence Group
Clemence Hoar Cummings Variety Club - free school visits
Tesco, Gallows Corner - Easter and Christmas Family event sponsorship
Friends of Havering Museum - Purchase of equipment.
```
```
WecontinuetobeactivelyinvolvedasamemberoftheDiscoverMepartnershipandwewouldlike to
acknowledge the help and advice provided by Valence House Museum.
```
```
TheLondonBoroughofHaveringhascontinuedtoactivelysupporttheMuseumandprovidedadvice and
guidancealsoonavarietyoftopicswhichwegreatlyappreciate.Wecontinueourpartnership with
HaveringCollegeStudentsUnion,AbellioGreaterAngliaTrains,DaysOut/EssexTouristin providing
discount tickets.
```
## **`FUTURE PLANS`**
```
Therehavebeenanumberofchangesofpersonnelovertheyear.OurpreviousChair,Jan Shingleton,
steppeddownatour2024AGM,afterverymanyyearsofservicetothemuseum,andAndrew Curtin
took over as Chair.
```
```
TheBoardislookingtorecruitadditionaldirectorsandvolunteerstofacethenextfewyears challenges
and opportunities.
```
```
Wewillbevigorouslypursuingdifferentrevenuestreamstocontributetomovingthemuseumforward to
enhance our marketing, customer experience, footfall, income and strengthening our policies.
```
```
InJune2025themuseumwillbecelebratingits15yearanniversary.Thisisthankstoallthe Board,
volunteers,sponsors,businesscommunityandvisitors.Theyhaveenthusiasticallysupported the
museumandallitsactivitiesandhelpedusovercomesignificantchallenges,overtheseyears.The next
few years will be challenging but we look forward positively to all the opportunities it will also give us.
```
## **`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
```
## **`Registered office`**
```
Havering Museum
19-21 High Street
Romford
Essex
RM1 1JU
```
```
Page 2
```
```
HAVERING MUSEUM LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`Trustees`**
```
B D Evans
J R Garnell (resigned 17.10.24)
J A Shingleton - Chair (from 27 January 2023) (resigned 17.10.24)
L K Westwood (resigned 19.12.24)
A S Curtin - Chair (from 17 October 2024)
P A Young (resigned 31.8.24)
N A H Wilkes
S Boersma (resigned 22.1.24)
E J McKiernan
J Keane (appointed 3.10.24)
P J Hale (appointed 19.12.24)
```
## **`Independent Examiner`**
```
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
```
```
.......................................................
A S Curtin - 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
31st March 2024.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
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 31ST MARCH 2024`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`31,518`**
**`Charitable activities`**
`5`
`Admissions and promotion`
**`9,785`**
`Other trading activities`
`3`
**`241`**
`Investment income`
`4`
**`503`**
`Other income`
**`-`**
**`Total`**
**`42,047`**
**`EXPENDITURE ON`**
`Raising funds`
`6`
**`6,768`**
**`Charitable activities`**
`Admissions and promotion`
**`28,836`**
**`Total`**
**`35,604`**
**`NET INCOME`**
**`6,443`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`142,975`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`149,418`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`31,518`**
**`9,785`**
**`241`**
**`503`**
**`-`**
**`42,047`**
**`6,768`**
**`28,836`**
**`35,604`**
**`6,443`**
**`142,975`**
**`149,418`**|`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`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
HAVERING MUSEUM LIMITED
```
## **`STATEMENT OF FINANCIAL POSITION 31ST MARCH 2024`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`10`
**`1,753`**
**`CURRENT ASSETS`**
`Stocks`
`11`
**`1,039`**
`Debtors`
`12`
**`7,422`**
`Cash at bank and in hand`
**`140,910`**
**`149,371`**
**`CREDITORS`**
`Amounts falling due within one year`
`13`
**`(1,706)`**
**`NET CURRENT ASSETS`**
**`147,665`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`149,418`**
**`NET ASSETS`**
**`149,418`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`1,753`**
**`1,039`**
**`7,422`**
**`140,910`**
**`149,371`**
**`(1,706)`**
**`147,665`**
**`149,418`**
**`149,418`**
**`149,418`**
**`149,418`**|`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`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31st March 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31st March 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`
- `(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.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
A S Curtin - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
HAVERING MUSEUM LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
|`Donations`
`Donated services and facilities`|**`2024`**
**`£`**
**`30,131`**
**`1,387`**
**`31,518`**|`2023`
`£`
`9,612`
`1,190`|
|||`10,802`|
```
continued...
```
```
Page 7
```
```
HAVERING MUSEUM LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024`**
|**`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`**
`Staging fundraising events`
**`7.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`||**`2024`**
**`£`**
**`241`**
**`2024`**
**`£`**
**`503`**
**`2024`**
**`£`**
**`9,785`**
**`2024`**
**`£`**
**`6,768`**
**`2024`**
**`£`**
**`1,120`**|`2023`
`£`
`564`
`2023`
`£`
`251`
`2023`
`£`
`13,965`|`2023`
`£`
`564`|
|---|---|---|---|---|
|||||`2023`
`£`
`251`|
|||||`2023`
`£`
`6,654`|
|||||`2023`
`£`
`754`|
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2024nor for
the year ended 31st March 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stMarch2024norfortheyear ended
31st March 2023.
```
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`10,802`
**`Charitable activities`**
`Admissions and promotion`
`13,965`
`Other trading activities`
`564`
`Investment income`
`251`
`Other income`
`13,844`
**`Total`**
`39,426`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`|`Total`
`funds`
`£`
`10,802`
`13,965`
`564`
`251`
`13,844`|
|---|---|---|
|||`39,426`|
```
continued...
```
```
Page 8
```
```
HAVERING MUSEUM LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024`**
|**`9.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**||
|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|
|||`funds`|`fund`|`funds`|
|||`£`|`£`|`£`|
||**`EXPENDITURE ON`**||||
||`Raising funds`|`6,654`|`-`|`6,654`|
||**`Charitable activities`**||||
||`Admissions and promotion`|`28,666`|`-`|`28,666`|
||**`Total`**|`35,320`|`-`|`35,320`|
||**`NET INCOME`**|`4,106`|`-`|`4,106`|
||**`RECONCILIATION OF FUNDS`**||||
||`Total funds brought forward`|`138,869`|`-`|`138,869`|
||**`TOTAL FUNDS CARRIED FORWARD`**|`142,975`|`-`|`142,975`|
|**`10.`**|**`TANGIBLE FIXED ASSETS`**||||
|||||`Fixtures`|
|||||`and`|
|||||`fittings`|
|||||`£`|
||**`COST`**||||
||`At 1st April 2023`|||**`19,516`**|
||`Additions`|||**`948`**|
||`At 31st March 2024`|||**`20,464`**|
||**`DEPRECIATION`**||||
||`At 1st April 2023`|||**`17,591`**|
||`Charge for year`|||**`1,120`**|
||`At 31st March 2024`|||**`18,711`**|
||**`NET BOOK VALUE`**||||
||`At 31st March 2024`|||**`1,753`**|
||`At 31st March 2023`|||`1,925`|
|**`11.`**|**`STOCKS`**||||
||||**`2024`**|`2023`|
||||**`£`**|`£`|
||`Finished goods`||**`1,039`**|`1,026`|
```
continued...
```
```
Page 9
```
```
HAVERING MUSEUM LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade debtors`
`VAT`
`Prepayments`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`VAT`
`Accrued expenses`|**`2024`**
**`£`**
**`3,339`**
**`-`**
**`4,083`**
**`7,422`**
**`2024`**
**`£`**
**`292`**
**`14`**
**`1,400`**
**`1,706`**|`2023`
`£`
`1,567`
`172`
`3,471`|
|---|---|---|
|||`5,210`|
|||`2023`
`£`
`2,967`
`-`
`956`|
|||`3,923`|
## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
```
14.MOVEMENT IN FUNDS
```
|**`MOVEMENT IN FUNDS`**|||||
|---|---|---|---|---|
|**`Unrestricted funds`**
`General fund`
`Heritage Lottery fund`
`Designated fund`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
**`118,488`**
**`24,487`**
**`-`**
**`142,975`**
**`142,975`**|`Net`
`movement`
`in funds`
`£`
**`6,443`**
**`-`**
**`-`**
**`6,443`**
**`6,443`**|`Transfers`
`between`
`funds`
`£`
**`(20,000)`**
**`-`**
**`20,000`**
**`-`**
**`-`**|`At`
`31.3.24`
`£`
**`104,931`**
**`24,487`**
**`20,000`**|
|||||**`149,418`**|
|||||**`149,418`**|
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`42,047`**
**`42,047`**|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(35,604)`**
**`6,443`**
**`(35,604)`**
**`6,443`**|
|---|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Heritage Lottery fund`
**`TOTAL FUNDS`**|`At 1.4.22`
`£`
`114,382`
`24,487`
`138,869`
`138,869`|`Net`
`movement`
`in funds`
`£`
`4,106`
`-`
`4,106`
`4,106`|`At`
`31.3.23`
`£`
`118,488`
`24,487`|
|---|---|---|---|
||||`142,975`|
||||`142,975`|
```
continued...
```
```
Page 10
```
```
HAVERING MUSEUM LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024`**
## **`14. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`39,426`
`(35,320)`
`4,106`
`39,426`
`(35,320)`
`4,106`|
|---|---|
## **`Heritage Lottery Fund`**
```
Thisfundhadanopeningbalanceof£24,487.Duringtheyearnoneofgrantfundshave been
expended,leavingaremainingbalanceof£24,487.Thisprojectistofacilitatethe continued
developmentofthemuseumwhichincludesmarketing,maintenanceanddevelopmentof new
projects, training, enhancing customer experience and collections.
```
## **`Designated Fund`**
```
Aoneoffdonationwasmadefromoneofthemuseum'sfoundingmembersduringtheyear. The
Trusteeswishtodesignatethefunds,sothattheycanbeusedforaspecificpurpose,rather than
to cover operational expenditure. The purpose is as yet undecided.
```
## **`15. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st March 2024 (2023: nil)
```
```
Page 11
```
```
HAVERING MUSEUM LIMITED
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024`**
|**`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`**
`Staging fundraising events`
**`Charitable activities`**
`Repairs and maintenance`
`Cleaning`
`Light and heat`
`Computer costs`
`Postage and stationery`
`Insurance`
`Sundries`
`Subscriptions`
`Irrecoverable VAT`
`Depreciation of tangible fixed assets`
**`Support costs`**
**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net income`**|`2024`
`£`
**`30,131`**
**`1,387`**
**`31,518`**
**`241`**
**`503`**
**`9,785`**
**`-`**
**`42,047`**
**`6,768`**
**`2,135`**
**`2,049`**
**`7,034`**
**`2,931`**
**`1,389`**
**`2,775`**
**`1,583`**
**`-`**
**`3,281`**
**`1,120`**
**`24,297`**
**`4,539`**
**`35,604`**
**`6,443`**|`2023`
`£`
`9,612`
`1,190`
`10,802`
`564`
`251`
`13,965`
`13,844`
`39,426`
`6,654`
`5,136`
`(870)`
`4,901`
`2,293`
`1,577`
`3,072`
`714`
`24`
`-`
`754`
`17,601`
`11,065`
`35,320`
`4,106`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```