REGISTERED COMPANY NUMBER: 05657914 IEn9land and Wa5gs} REGISTERED CH￿lTY NUMBER: 1114268 REPORT (* THE TRUSTEES ANO UMAUDITED FINANCIJL STATEhlENTS FOR THE YEAR ENDED 31 DecEM8ER 2023 WOODHALL SPA COTTAGE MUSEUM (A COMPANY UMITED BY GUARANTEEI Prepar•d ty: J Everitt- T￿a$Urtsr IrKlepend•nt Examination By." RJ Accountancy Limited Chartered Actsin a museum the exhibition to tre pvblic of Collecti￿}$ of pholcgraphs, 8rtef8(ts and n8tural trxhtbt￿ so as to advarÈce history, ger￿raPhY and economy of Wwdhall Spa and its ermiorts. hlevements and PertomioT For 2023 we were dear of Covid restriitMs. We had inknsJeAJ to ra￿￿ admr6sitift f•e6 but d¢U"￿ that it WOU￿ be 88nsi￿e to koèp them unc1k*n￿, at the samo a8 2019 with the 4nlerrtk￿ d i1rtrTr￿U¢T1g ir￿Fe888s. 8ar8ed eadier. when ¢ircumslan￿s pem)it. Public b•n•fft The Cottag8 Museum ks a charitable company. the obi•XNe of whth is tts m￿nt￿n a ry)itage museum forthe exhibition to the publi¢ of c4)Ilections of photographs. artefacts and naturaf exhbits representing the lrfe 8nd cutture of the unique ch8racter of W￿dha11 Spa and ts k￿lIty and 80 as to the history g80graphy of Wcthh811 Spa and its envI￿rts. STRATEGIC REPORT Financial r•vi•w nènci81 reV￿w Thè r•su*ts of y•arf$ op8r8tr&n are set cArt in th? fmarKiaF Stsle￿￿rts. The movwnent in funds for the year amounted 10 £61.593 rJefial12022- £35.397 ¢Jeficit). The ra8ined res•Nes at 31 December 2023 amrAnt lo £620,74812022- £682,3411. Induded in the retained reserves above unrestrict&Y fund5 of £618,524. desyiated funds of £544 and restricted fut￿$ of £1.680. The trustees have been avrarE ol need to cOm￿Y with goL¥J PT8CtK8 guid81ines issued by the Charity. CoMmiss￿)n on free re8erv8S 8nd Wlxxlhall Spa Mugeum's ig irKluded below. Resèfyes po*cy Thg Chgrity Commi$6ion rggusr8s char[b￿ to detgrming and wlain thwr 0￿yfor fr89 r8s*rv•s 1.9. in ETrx¢8$8 Of those invested in propty and fiX￿rE5 fiLtr"ThJs. The Irustee$ have reviewed rts free ieserve pdicy 8rKI have tumed its entire unrestricted fTee reseNe fund into an eMer￿¢Y reserve to enttbk Wwdhall Cottage Museum tts meet its obligations in the event of a sfKJrtfall in irwne or sudden 4JptLtm ij) expenditure. The trustees will. rf the Qppo￿nrtY Should ari88, Use the c88h 8t bank to unI￿rtak* further projeds th8t W(MJld ￿h8n¢& th8 K4useum'$ abikty to rn8et its stated aims. Risk management The trustetrs have exam#)ed t￿ maior rbsk whi¢h W(NyYhal Spa Cott4e Museum f￿$ and believe that maintsininu our free reserves at a ¥e8son8ble level. Cxmnbln￿ with the annual rev￿ ol the controls over key fin&nrAal systems will prov¥Je $uffi(aent r&sourcÈs in the event tsf advers& c￿dItiOrts. trusle88 hav& 8180 ex8mined other oper8tK)nal aThY b￿lnesS n￿$ ccth Ihat thèy havo •stabh"shed systems to mitigat8 Ihe svJnrfic8nt risks. Pla￿ for tho fulw• Tha f¢xward BUG￿ne¥$ Pk8n for th• Mus¥um prowd*¥ ￿ 8gtsur4n¢• tsf tsh90in9 stsbility in management of Ihg Museum. In the Short terni, a grant support•d by the Naiirthal Lottery Her[￿98 Furvj will anable th• LaAm*ng t88m to develop new p8rtn8r8hip5 continue to wolk wtth l(xxl primary Schools. In I(￿ger term, thoughts a wogiessing for new wèy5 to [¥￿t current and fijture au¢kn nee(Is. This be deFendent on futher grant bJndirKJ. Syslems will u)ntinue to be pui in ￿8¢e to ertsure the s￿(41￿&bIlty ofthe Museum incknding inrnsing ex$ting sources of income and actively s￿r￿ThJ new incom8 5tr88rns. includes tr* ability to aM￿0Y an admtrmstrator and part time pa￿ staff to rr*noue ￿Frt￿)n aiea a￿1 a Tourisl 1nf0m)atK￿ Facdty. P&J8 2 WOODHIILL SPACOTTAGE MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2023 STRUCTURE. GOVERNANCE AND IWIt4AGEMEP GoverniNJ d4)¢*ttn•fht The charity c¢)nstitut4d 88 a ￿n￿ted o)mpany by guaraniBe ond ￿ thorefore (xMtrdled by its memorandum and article5 of 8SSOCi8ti0n. R•cruitnxnt and appointsn8nt of trustsos The directors 01 the company are ako ¢h8ritytrustee5 forthe purpose of chaFty law. N each Annual General Meeting directc>rs fcf the corning are appcinted. At each subsequent Annual General Meeting one tsTrird of the directo￿ will retwe by iotth"(N). Tlxlse diredor5 who have served ￿est in office wll be the ones to retre. Where more than or*e third of the d￿ectorS have served fot Ihe sam8 length ol time. the ones to retire wll be ehosen by kjt The board has regald to requirernent for any pwltrxlar sklls when ￿n$￿￿ent￿j new ttU5tees. Anyor proposing to t￿mInate themsdves * direclor must gtve d*ils of mpatK>n. This way the board ¢8n assess skills requffed. Organisational Structur• The directors who served dur5TrJ the are *Jetal￿d on the 5nforrnats￿ ￿ge. Th¢8e diTectOTS aThY the secretsry 8re Blso tnJ8tees. This report has been prepared in ￿)rdance ￿th the SF•I r10vis￿$ of Part 15 of the CA)mpanies Act 2(N)8 ieL4ting to Small Compar*￿$. Roport of th8 truste8S. Fr￿OrK￿l￿19 a Strat￿ reF(wt, approveA by of thè t*)8id of trustees, as the mpany directors. ￿ 2Thd May 2024 and on the boards behalf by. H D Hill- Trustee Pege 3 INDEPENt)EPK EXAMWERS REPO1￿ TO THE TRL￿TEEs OF WOODHALL SPA COThAGE IAUSEVM the pr8pardtwJn in accord•u *ith ts r9]ui￿n￿rts of th& ComE1￿leS Act 2006{￿ 2006 Acfl. Having satiSf￿d mWlhat Ihe acr))unts ofth8 Compawar8 wutred to b8 authted uThSer Part 16 ofthe 2006 Act and are alw1￿* for ind8wdent exat511n3tK￿. I r8POrt in ffly 8xwninabon of SYMJr charivs acmjnts as carried Lxrt sectw 145 of the Ch8ritie5 Act 2011 2011 AL*1. In carryiThJ Myexarn￿ I have fcAlow•d Ihè Directsons glven bythe Ch￿Y cclnmiss¥￿ und8r s8cbc*t 14SIS) Ib) ofthè 2011 Aet I h8vg cc¥npleted my eYArnN)alw)Tr. I cc¥)fm that ts) mattws have eth to my 8tt8ntion in cOn￿tran wilh th8 8xamin8tion J me caus8 to belwe.. acrx)unting records were not kapt in r•spact ofth8 C￿￿8$ twir•J bysèCtsC￿ 386 of ts 2W6 Art.. or th8 aCt￿ntS do not *corrJ ￿th ttK)8e records: ( the a0￿Unts ¢Yo nol ¢ornpty with the acLyJunbrvJ rwlW￿ts ofsecbon 396 ofthe 2￿6 Act oth¥than any quirement that the a¢o)unts we a true aThJ law viw whtth is rnjt a maiter 08 port of an indep8ndenl 8xarnbnat￿ln', or the accDunts have not been wgpared in 8ccordarte wilh the anEI yirriples 0ftr￿ Stslwrent of Recotnrnen(led Practice for accowting by charth8s la¥y1￿￿e to charit*6 PtBp3ring thelr ￿￿Ounts in a¢¢thd8nc8 wilh th8 Fi￿￿14 StsTrJard gppl1￿b1B iA(8r#J Repubtsc of Ireland IFRS 10211. I have no concems and hwe ¢on* acm8s ￿ other matters in C(￿nectiON ￿ the examinatton to wthich 8ttthion sho be drawn in this rwrt in order ￿ enat48 a unde￿￿nd￿fig ofthe aox)unls to ￿ readwj. Robert 8onehll 8A IFk)nsl FCA RJ AccoL*n￿¢Y Lif￿ Crossw8yB verston Avenu¥ Woodhall Spa LN10 6SN Dats.. 2nd May 2024 WOODHALL SPA COTTAGE MUSEUM STATEMENT OF FINANCLAL ACTiVtnES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Total nds funds 114COME AND ENDOWMENTS FROM DOnat￿fis. legatis and grants Activities for gener8b"rvJ fund¥ Fees aThY admisstons 2.304 22,932 14.072 16.376 22.932 8,426 21,828 9.403 Total 35.136 14.072 49.208 39.657 EXPENDThURE ON Rai8irrtJ f￿ndS 12,392 110,801 75.YJ4 NET INCOMEIIEXPENtfftlREI 16&273) 161,5931 135,9371 RE¢ON¢ILIATION OF FUNDS Total tunds brought foNard 682.341 682,341 718,278 TOTAL FUND8 CARRIED FORW￿lD 679,068 620,748 682,341 CONTINUING OPERATK)NS All in¢ome and expendituie h9$ aFi¥en frcffl conliwing aCtiV￿e5. P8ge 5 WOODTr14LL SPACOThAGE MUSEUM BAJANce SHEET AS AT 37 DECEIIIBER 2023 2023 Tt)tal 2022 F￿￿9 funds FIXED ASSETS Tangible assets 10 451379 452,379 469.872 CURRENT ASSETS &o¢k Debtors Investments Cash at bank and in h8fKI 11 12 6,545 1.856 151,816 12,669 2,559 168,733 38,593 151,816 10,9B9 1712( 172.888 217,441 CREDITORS Amounts f￿11￿ ¢kn wthin one ytrar 13 {4.5171 14,5171 14.9721 14ET CURRENT ASSETSIILLwunES} 186.689 168,369 212,469 TOTAL CURRENT ASSETS LESS CURRENT LIABLffES 819.068 620,748 682,341 REDITORS Amounts falling dua aft8f mom thtyn om y NET A98ETS 619,068 620,748 682,341 FUND8 Unrestricted funds: Gener81 fund Designated Funds 14 618.524 678,336 4.005 619.068 682,341 R8slrictal fvnds: RgBtrictod lunds 1.680 TOTAL FUNDS 620.748 682,341 The charitabk Company B en11t￿d to exemptin frt¥n audrt undèr Sect*)n 477 ofthe coM￿n￿$ A¢1 2(M)6 for the year end*J 31 December 2023. The members have not requtred the cunpanyto obtain an audit of its statements for the sear ended 31 DecembeT 2023 in atC¥Xdan￿ wth section 476 of the Compar*￿5 Act The trustee5 aCkr￿￿dge th￿"r we5wx￿b￿lts.es f(r. lal ensuring the c113rttable company keeps acwJntiThJ rec￿8 which comFty wEh S8Ctb)n8 386 8nd 387 of the Companies Act 2(XJ6 and preparing finanrAal statements vth4ch glve a true arKt lair VI￿ of the state of affairs 0¢ the charitable Jmp8ny as at the end ol ea¢h firontxal ￿ a¥¥J of its surplLkS Ot dthrt fw each fI￿ncIal year in g¢Mrdgn* with the T￿￿r￿Ments ol SeCtKs￿ 394 395 and which otherwis• oompfy w+th th& requwements of the Companies Act relthJ to fir•nad statements. so f8r 8$ appI￿￿e trj the charitable ¢)Nnpany. Ibl These financAal stalements Iwve been prepeTrd n a(x0rd•￿E with the s￿81 prowsions of P8rt 15 of the Comp8rdes A¢t 2006 relatiTrJ to sm￿1 ch8ritat4e cjynpaThes. nci state ts approved bythe 8owd of Trvstees on 2ThJ May21Y24 sigt)ed its behalf by. 'Il Truste8 E Duke-Cox- TtLtstee The notes forn of these fina￿￿ stalem PwJe 6 WOODHALL SPA co￿AGE MUSEUM NOTES TO THE FINANC14L STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 ACCOUNTING POLICIES Basi• of pr•pring th• financFal stht•nxbnl The finan¢i&l statements of the charitèble CoM￿ny. whth is a Put1￿ beT*efrt under FRS 102. have been p￿Pared in acLxTYJan* with the CharitEs SORP IFRS102} Accounting and Reporbn9 by Charit￿$.. Statement of Re¢ommended Pracb"ce ap￿￿tsIe to oh8rilTres prepariro their acts)unls in aC0)rdan￿ the Finan￿81 Reporting Standards aPpI￿at* in the UK Republi¢ of IreIar￿ IFRS 1021 (effective 1 January 2015}'. Financial Reporttng Standard 102 The FA)8ncial RepcYir4 StsThJard ap[Aicab￿ in the UK and R8publ*c of Ireknd. and the corn￿￿￿$ kt 21Th. The financial statemerÈts h8ve been prep￿￿ under Ihe hi6torul cost wenticn. The chwlty has laken advanlwJe oftsE disdosure exwlion regarding the requirements of s*tion 7 Ststement of Cash Hows in prepaiing these finan￿8[ statements. as pennitted ty FRS 102 The Financiej Reportrng Standafd app4lCab￿ in the UK and Repukli¢ of Ireland.: Incomin9 resources AJI inctsme is recognisèd in the Slatem•rd gf Fin￿￿&1 Activrt*s orK8 Charity has entillem&rt to th8 ftjnds, is Probab￿ that lh8 irwme w41 be tvAved and th6 arnwit ran be maasured relvatAy. Revenue grants are (*edited to the Slat&nent of Financial Activibes C￿ the earfiw date ofwh¥n 8r8 received or when they are re¢eivatqe. unl￿$ they relate io * future yew. in whth ¢8se they are induded on the Bal&nce Sheet ￿ deferred inmme to be recognised in the lutuie ￿Coul>tir￿ Swf. Grants rwRived for s￿5￿C ptjrposes are a¢counted for as restricted funds in the St8tement of Financial Activit￿$. Lk7bdities are recognised as ¢Y4)e¥￿￿t￿Te as S(￿￿ as there ts a W or u)rotru¢tive Ok4wJat￿n ¢ommst¢in9 the ¢h4rity to that exp•ndituig, it is probab￿ that g trAn6fer of aconorric ben8fits ba wuir•d in 8•td•rn•nt and the atnount of the 0￿￿&tion can be me88ured ￿1iabty. EypenditiJTe is 8ccounied l¢x on an acwals ba5E and has been cL98sified under the headings thal agJFe9gte all CA)sl relat￿ to Ihe category. Where ￿$ts cannot be directly attributed to ￿rt￿lar headings they have been allccaled to adNrtie$ on a bas￿ consislent with the usa of resources. Tangible fix•d assots Deprecf8ty'on is prowded al the fo10￿g r8tes in order lo wiite off each &5set over Its estimatd useful life. FTeehold propety Plant and machinery Fsxlures and rrttirys 2% C￿ cost and 1% on crAt 15% on cost 1W& on cost Stocks Stocks are vabjed at th* lo￿[ of cc6t aThl r8di5glAe after due all)War￿ ts obsolete and dow mvMg items. Taxation The chartty 1$ wrTPtfrom corpWbyi t8x on its Charitab￿ acbvknes. Fund a¢¢oLtntlng Restri¢ted fvnds are to be u￿1 for purFKJses as ￿ld by the dorv)r. Eypendlt￿e wh￿h meets thi$ Sterk• &s KIentif￿d to the lund, tc¥Jether wlh & I￿[ 8flrKation of management aThl sur4)ort costs. Unrèstricted funds are don4tions ArKI tsttr￿r In￿rn4$ rewvod ￿ 98n8ratsd for th8 obiocts of th8 organisation thoLrt bJrther sFEcified pur¥x)se and are 8vafi8b￿ for general fitnds. Designated futM*s shcwln in Unres1￿ fijnds 8re e8m•kal bythe Ma￿oeM¢￿t coMr￿te? fr¥ pwd¢ular P&3e 7 WOODHALL SPA COThAGE MUSEUM HOTES TO THE FINANCFAL STATEMENTS . CONTINUED FOR THE YEAR ENOED 31 DECEMBER 2023 DONATIONS, LEGACES AND GRAirrs 2023 2022 Ck)n8tK)ns Govemment grants MDEM grant_ Website Upgrade tkaper5 Company Grant Pilgrim Trust. Colleclions Authl BuBina58 A￿lY&ll gTAnt 2023 (ELW} L￿c￿nSh1re C￿P grant MOEM grant 20Z2- Cottects<￿s A￿EsS MDEM grant 2022- Reset aThl Rewery MDEM gr8nt 2023- Art FurKJ Workforce Devebpment MDEM giant 2023- Stnall Grant 2,304 2.634 2.667 250 1.375 722 2.930 1,920 18.376 8,426 ACTIVITIES FOR GENERATING FUNDS 2023 2022 A¢tivity Plan inc4)rne Frends of Woothall Spa Cottage Muwm Interest incotne Diwdends 200 Club sales Room hirÈ N*wsktt8r advertsing irK¥)me seum Publications Merchandise sales Refreshment saks 87 3.216 225 8,492 2,(KJO 304 2,567 62 8.379 2.000 1,145 1.080 2,138 2,038 2,115 1,105 1,263 2,502 22.932 21,828 FEES AND ADMISSIONS 2023 2022 Admissions Sundry income 8,741 1,1Sg 9.403 Pffje8 WOODHNLL SPACOTTAGE MUSEUM NOTES TO ThE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEM8ER 2023 Charitat4e activilps 2023 2022 Staff costs Consultancy services Subsuiption$ $oknrtMing Sundries Tr&v•l Secretarial and IT Mainte118fEce and rep8ifS l>ounds M8intenan£t Bell Award Depreciation 19,631 16,530 168 573 14 3.302 37.257 610 1,337 67 3.140 4,T88 511 50 17,145 17,145 82.400 44,048 Gen•raling funds 2023 2022 Opening stod¢ Purchases ClosiryJ stock Rate6 and water Insurance Light. heat and ph(￿e Fri￿d8 01 WocKlhall Spa Cottage Muwjm 200 Club Aclivrty P￿￿ NeWs￿tter Refreshments Accountsr Bank and CaTd charges Investments- net decrease ￿ val Goveman¢e Depreciab'on 7,556 1,154 16.5451 328 2,579 5,016 630 970 7.312 2.911 17.5561 386 2.541 5,153 614 970 259 1,143 150 390 304 12,065 13 495 1.109 142 420 291 1.917 33 349 16.(X)9 27,150 Grant •xp•ndltw• 2023 2022 MDEM grant 2020 MDEM grant- Reboot and Recov MDEM grant- Website Upgrade Drapers Company Grant Plionm Tru8t- Coueetions A￿￿1 Business Revival Grant 2023 IELDCI Linc(Anshire CO￿ grant expenditure MDEM giarit 2022-23 Collesbons A<*tss MDEM grant 2022-23 Reset & Reo)very MDEM grant 2023- Art FurK1 W(xkfuce MDEM grant 2023 Sml Gtant 204 1,087 1.500 250 1.375 722 1.000 1.250 1.920 12.392 4,396 è9 WOODHALL SPACOThAGE MUSEUM NOTES TO THE NNJINCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 NET IN¢OMEI(EXPENDmJRE) Nét incornelle>penditwel is 6tsted after chargingll(X￿fjtiryl. 2023 2022 Depre¢ialion- owned assets 17.494 17,640 TRUSTEE'S REMUNERATION AND BENEFITS Th•re wtm no tru$t*#a' rpmunurakn tr DthBt benefit¥ forth* ￿ar 8￿je￿ 31 DernmbBr 2023 nL* for the year end&1 31 December 2022. Trnstses. exponses There were no trustees. e¥pwtses wd lor the sEar endwl 31 Decemter 2023 ftxthe yEar ended 31 De¢￿ter 2022. STAFF COSTS 2023 2022 S&18rie8 8nd pensKm ¢(rtiibubcth8 19.631 16,530 Thè average monthly number ofemployees durirvj the year was as foHq*F: 2023 2022 Empkiyed part V￿U￿tary 38 No empkJyBes recewed e￿Aun￿ntS in excess cl £60.OCQ. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMfES Total funds Funds funds Donat￿n8, leg8raes and grant$ Activities fL* generalirvj tuTrJs Fees aThY adrnr8sion$ 5.301 21.828 3.125 8.426 21.828 9,403 Tot41 3,125 39,657 EXPENDITURE ON Raising funds 71,198 4,396 75.594 Total 71.198 75,594 NET INCOME {34.￿) 11,271 I 135.9371 Ttansfer5 belween lunds Net movement in fvi)d8 {34.686) 11.2711 135.9371 RECONCLIAnoN OF FUNDS Total fvnds brtyjght f￿14rd 717.CO7 1.271 718,278 TOTAL FUNDS CAK91ED FORWARD 682.341 682.341 P￿e 10 WOODHALL SPA COThAGE MUSEUM NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE Y&qR ENDED 31 DECEMBER 2023 10. TMGIBLE FIXED Ik8SETS Plant And Maehin•ry Fixtur*s Property Totals COST At 1 JaNary20Z3 Additions 4￿,274 17.453 150,936 864,663 At 31 December 2023 4￿,274 17.453 150,936 664,663 DEPREC￿TIoN At 1 January 2023 Charge f(￿ year 51,249 17.(K16 349 126,536 12.200 194,791 17.494 Al 31 De¢ember 2023 56,194 17.355 138,736 212,285 NET BOOK VALUE At 31 December 2023 440.080 98 12,200 452,378 At 31 December 2022 445.025 447 24,400 469.872 11. STOCKS 2023 2022 St(tks 6,545 7.558 12. DEBTORS: AMOUIITS FALUNG DUE VItTHIN ONE YEAR 2023 2022 Prepaswents and aeL¥U8(l Fr￿)rne 1,856 2.559 13. CREDITORS: AMOUNTS FALLING DUE wrrHI4 YEAR 2023 2022 Tr&Je Credrtors 4.517 4,972 P&Je11 WOODHALL SPA COTTAGE MUSEUIA NOTES TO THE FINANCIAL STATEMENTS- coKnNUED FOR THE YEAR ENDED 31 DECEMBER 2023 14. MOVEMENT IN FiP4DS 1.1.23 nI￿d At 31.12.23 Unr•strictgd funds General luThJ Designated funds 678,336 154.8121 18.4611 (5.0￿> 618,524 682.341 163.2731 619.068 1.680 Ro8triottyl fundo TOTAL FUNDS 682.341 161.$931 620.748 Net rTX)vement in fvnds. ind￿led in the atKJve are as foknv¥'. Incoming r*stsur¢es Resour •xpended Movèm•nt in funds Unr•strt¢t•d I￿)d$ General fund D8sKJnated fij￿$ 35.136 189.9481 18.4611 154.8121 (8,4611 3S.136 14.072 198.409} 112.392) 163,2731 1,680 Restricted funds TOTAL FUNDS 49.208 1110,8011 161.5931 Compardtlv•s for rnov￿￿ In funds At 1.1.22 in fund• b•fr￿••Tr lund• At 31.12.22 Unr8Stricted funds Gener81 fund Designated fU￿&s 714.322 IS).9861 13.680) 15.OlX)I 878.336 4,005 717.007 134.8661 11.271) e82.341 R*8tr¢ot8d thJnd8 1.271 TOTPL FUNDS 718.278 135.9371 682.341 Comparative net movement in ￿nds. ¥r￿uded ￿ the ab)v¢ as fdlrftws.. Incthning r•sOur￿6 Resour¢os expgnd•d Movement in funds Unr•strictod IuAds Gena¥l fitnd DÈsunated fvrKIs 36.532 167.5181 {3,6801 130,9861 13.6801 36,532 3.125 171,198} {4,3961 134,6661 11,2711 Restricted fvnds TOTPL FUNDS 39,657 (75.5941 135,9371 1& RELATED PARTY DISCLOSURES There were no rdated ￿rtY transacÈlCrf￿ fortt* 31 D&xmbgr 2023. 16. ULTIMATE CONTROLLING P*JITY The Company is W[￿￿Aled by its board of trustees. PwJ8 12 WOcKjF￿ SPA co￿AGE MUSEUM DETAJLED STATEMENT OF FI￿ANc￿L A¢ThIITIES FOR THE YEJR ENDED 31 DECEMBER 2023 2m1 2022 T¢)tsl fund* funds INCOME ANO ENDOWMEKrs Donations, l•ga¢l•s and grants Donations Govemment Qrydnts MDEM grant- Web$￿te i￿ade Drapers Cornpany grant Pilgrim Twst- Collecti￿9 AJJdit Business Remval grant 2023 IELW) ncolnshire Cwp grant MDEM grant 2022- CoNe¢tions A￿e$S MDEM orant 2022- Reset arml Recovery MDEM grant 2023- Art Fund Workf(Kce MDENI 9rAnt 2023_ Small Grant 2.667 250 1,375 6.0(K) 722 722 2.930 1.&*20 2,930 1,920 14.072 16.376 8.426 Activities for generatlng lunds Activity Plan irtcome Friends of Spa Cottage Museum Inleresl in¢ome DiwidBnd8 200 Club sales Room hire NeW$￿tter the￿"sIng ￿¢r￿ne Museum Public¥tic¥ Merchèndis8 8ale8 R&freshmèrtt sale$ 87 3.216 225 87 3.216 225 8,492 2,567 8,370 2,000 1,145 1.080 2,138 2,038 2.715 1.105 1,105 1.263 2,502 22.932 22.932 21.828 F••s and admiMi¢Jns Admissh)n Fees Sundry ￿CoMe 8.741 1,159 8.741 1.159 9.403 9,403 Total inccthing iesour 35,136 14,072 49.208 39.657 EXPENDITURE Charltablè aetlvl¥•s Staff costs Consultsncy Se￿￿$ Sub8¢riPtMy)s and 8dvertiSo)g Sundries Trevel Seoretarial and IT Mèinter>aF]ce and rÈp8irs Grounds mwrtenance Béll Aw&rd Deprecoatir 79.631 19,631 16,530 573 14 573 74 3.302 37,257 810 1,337 67 3,140 4,788 511 50 77.145 37.257 810 17.145 17,145 82.400 82.400 44,048 This page ths not form partof lh8 8tatulwy fin8n(A81 ststwnents PwJe13 WOODHALL SPACOTTAGE MUSEUM DETAILED STATEMENT OF F514AIICIAL ACTMTIES- CONTINUED FOR THE YEPR ENDED 31 DECEMBER 2023 202) Total 2022 Total lund$ fvnds G•n•r4ting lunds Op&niro stod( Purchastrs Closing stc¢k Rates and water Insuran Light, heat aE¥J phor Friends ofWo(xlh811 Spa CottaJe Museum 200 Club Activity Plan NewS￿tter Refreshments 7,312 2.911 17,5561 1.154 16,545) 328 2.579 5.016 1.154 16,545 328 2.579 5,016 630 970 2,541 5,153 614 970 259 1.143 150 3go 304 12,065 13 495 970 1,169 142 420 291 1.917 33 349 1.169 142 420 291 1,917 33 349 Bank and Card charges Irsvestments- net deerè8se in vak Govemancè DepreeAob"on 16.CKJ9 I6,￿9 27,150 Grart •xpendlturè MDEM grant 2020 MDEM grant- Reboot and Retxjv MDEM grant- Website Upgi*Je Drapers Company Grant Pilgrim Trust- Collections A￿dit Bu8ine&8 Rew¥￿ Grant 2023 IELDCI Linoolnshi¥o Coop grant •xPondi￿rO MDEM grant 2022.23 Co¥acb"￿$ A￿$$ MDEM gr&nt 2022.23 Reset & Recovery MDEM grant 2¢Y23 - Art Fund Worklorce MDEM grant 21r23- Small Gront 204 1,067 1,5(N) 250 1,375 722 722 1.000 1,2 1,920 1.2 1,920 12.392 12,392 4.396 Totsl resour￿ eXp￿d 98,409 12,392 110.801 75.594 Nlt 1￿mI￿1•XPlndl1UIft) 163,2731 161.5931 (35.9371 This page does rnt form part of th8 8latuicryfinaTh￿￿ staternents Pw14