Regislered number: 05415828
SHERINGHAM MUSEUM NORFOLK TRUST LTD
DIRECTORS, REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Caroline Sands & Associates LLP
Chancellor Cottage
46 Hol￿aY Road
Sheringham
Norfolk
NR26 8HR

Sheringham Museum Norfolk Trust LTD
Contents
Pa%e
Company Inforniation
Directors, Report
Accountant's Report
Incomc and Expcnditurc Account
Balance Sheet
Notes to the Financial Statemenls
8-9
The following pages do not fonn part of the statutory accounts:
Detailed Income and Expenditure Account
io

Sheringham Museum Norfolk Trust LTD
Companv Information
For The Year Ended 31 January 2024
Direetors
Mr Jonathan Duff
Mr T. Grovcs
Mrs Wendy Austin
Mrs Rosemary Smiih
Mrs Mhairi Campbell
Mr Nicholas Wallace
Company Number
05415828
Registered Office
Themo
Lifeboat Plain
Sheringham
Norfolk
NR26 8BG
Accountants
Caroline San(ts & Associates LLP
Chanccllor Cottagc
46 Holway Road
Shcringham
Norfolk
NR26 8HR
Pagc I

Sheringham Museum Norfolk Trust LTD
Compani. No. 05415828
Directors, Report For The Year Ended 31 January 2024
The directors present their report and the financial statements for the year ended 31 January 2024.
Directors
Thc dircctors who hcld officc during thc ycar wcrc as follows:
Mr Jonathan Duff
Appointed 1910912023
Mr T. Grovc5
Mrs Wendy Austin
Mr Timothy Groves
Mr Paul Jollcy
Mrs Rosemary Smith
Mrs Mhairi Campbell
Mi Nicholas Wallacc
Resigned 2010612023
Rcsigncd 2010612023
Statement of Director5, Responsibilities
The directors are responsible for preparing the Directors, Report and the financial ststements in accordance with applicable law
and regulations.
Company law requires ihe directors to prepare financial siatemenis lor each financTal year. Under that law the dire¢lors have
clcctcd to prcparc thc financial statcmcnts in accordancc ivith Unitcd Kingdom Gcncrally Acccptcd Accounting PTacticc
{United Kingdom Accounting Standards and applicable law)- Under company law the directors must not approve the financial
statements unle66 they are satisfied ihat ihey give a tnLe and lair view of Ihe slate of alTairs of the company and of ihe surplus
OT dcficit of thc company for that PCTiod. In PTcparing thc finaT]cial statCTncnts thc dircctors arc rcquircd to..
select suiiable accounting policies and then apply them consistently-
make judgments and accounting estimates that are reasonable and prudent:
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in busine55.
Thc dircctors arc rcsponsiblc for kccping adcquatc accounting rccord5 that arc sufficicnt to show and cxplain tlic company's
transactions and disclose wiib reasonable accuracy at any time the financial position of the company and enable them to ensure
that the financial statements comply with the Companies Aci 2006. They are also responsible for safeguarding the assets of the
coinpany and hcncc for thking rcasonablc stcps for thc prcvcntion and dctcction of fraud and othcr irrcgularitics.
Pagc 2

Sheringham Museum Norfolk Trust LTD
Dire¢tors' Report (Continued)
For The Year Ended 31 January 2024
The directors are responsible for the maintenance and iniegrity of ihe corporate and financial infom)ation included on the
coinpany's website. Legislation in the United Kingdom goi'erning the preparation and disseinination of financial statements
may differ from legislation in other jurisdictions.
Small Company Rule5
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
rcgime within Part 15 of the Cotnpanies Act 2006.
On behalf of the board
Mr Nicholas Wallacc
Dircctor
0311012024
Pagc 3

Sheringham Museum Norfolk Trust LTD
Accountant's Report
For The Year Ended 31 January 2024
Report to the direelors on the preparation of the unaudited statutory aeeounts of Sheringham Museum Norfolk Trust
LTD for the vear ended 31 Januan" 2024
In order to assist you to fulfil your duries under the Companies Act 2(K)6. 1 have prepared for your approval the accounts of
Sheringham Museum Norfolk Trusi LTD for the year ended 31 January 2024 which comprise the Income and Expenditure
Account. thc Balancc Shcct and thc rclatcd notcs from thc accounting rccords and from information and cxplanations you havc
given to us.
As a practising member of the Institute of Financial Accountanis (IFA), we are subject to its ethical and other professional
requiremenls which are delailed at hilps-//w￿'w.I[a.0rg.UklabOUt-usla¢1ing-in-Ihe-pub]I¢-1nleres￿m¢Mberregulat1Ons.
This report is made solely to the directors of Sheringham Museum Norfolk Trust LTD. as a body, in accordance with the lern
of our engagement letter dated . Our work has been undertaken solely to prepare foT your approval the accounts of Sheringham
Muscum Nortolk Trusi LTD and statc thosc mattcrs that wc haTrc agrccd to statc to thc dircctors of Shcringham Muscuin
Norfolk Trust LTD, as a body, in this report. To the fullest extent pennitted by law, we do not accept or assume responsibility
to anyone other than Sheringham Museum Norfolk Trusi LTD and its directors: as a body, for our work or for this report.
It is YOUT duty to cnsurc that Shcringham Muscum Norfolk Tn￿t LTD has kcpt adcquatc accounting rccord5 and to prcparc
statutory accounts that give a true and fair vlew of the assets, liabiliiies, financial position and profit or loss of Sheringham
Museum Norfolk Trnst LTD. You consider that Sheringham Museum Norfolk Trust LTD is exempt froin the statutory audit
rcquircmcnt for thc ycar.
Wc havc not been insiruclcd to carry oul an audil of the accounts of Shctin¥hatn Museum Norfolk Trust LTD. For this r¢as0n,
we have not verified the accuracy or completeness of the accounting records or inforn]ation and explanations you have given to
and we do noi, Iherefore, express any opinion on the financial statements.
Signed
Carolinc Sands and Associatcs LLP
0311012024
Caroline Sands & Associates LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Pagc 4

Sheringham Museum Norfolk Trust LTD
In¢ome and Expenditure Account
For The Year Ended 31 January 2024
2024
2023
Note5
TURNOVER
93,879
73,128
GROSS SURPLUS
93,879
73.128
Administrative expenses
(170,848)
(141.515)
OPERATING DEFICIT AND DEFICIT FOR THE
FINANCIAL YEAR
(76,969)
(68.387}
Thc notcs on pagcs 8 to 9 form part of thcsc financial statcmcnts.
Pagc 5

Sheringham Museum Norfolk Trust LTD
Balance Sheet
As Al 31 January 2024
2024
2023
Note5
FIXED ASSETS
Tangible Assets
1,450,006
1,527,165
1.450,006
1.527,165
CURRENT ASSETS
Debtors
Cash at bank and in hand
19,708
147.302
25,448
140.802
167,010
166,250
Creditors: Amounts Falling Due Within
One Year
(1,375)
(805)
NET CURRENT ASSETS (LIABILITIES)
165,635
165,445
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,615,641
1,692,610
NET ASSETS
1,615.641
1,692,610
RESERVES
Other reserves
1,119,295
496,346
1,119,295
573,315
Income and Expenditure Account
MEMBER￿), FUNDS
1.615.641
1,692,610
Pagc 6

Sheringham Museum Norfolk Trust LTD
Balance Sheet (eontinued)
As Al 31 January 2024
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies
Act 2006 relating to snull COLnpanies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records 1£ nd ihe preparation of accounts.
These accounts have been prepared in accordance witb the provisions applicable to companies subject to the small companies,
regime.
On bchalf of thc board
Mr Nicholas Wallace
Director
0311012024
The notes on pages 8 to 9 forni part of these financial statements.
Pagc 7

Sheringham Museum Norfolk Trust LTD
Notes to the Financial Statements
For The Year Ended 31 January 2024
General Information
Slicringham Muscum Norfolk Trust LTD i5 a privatc company. liinitcd by guarantcc. incorporatcd in England & Walcs,
registered number 05415828. The reglsiered office is The Mo. Lifeboai Plain, Sheringham. NorfolL NR26 8BG.
Accounting Policie5
2.1. Basis of Preparation of Financial Staternents
The financial statements have been prepared under the historical cost convention and in accordance with Financial
Reporiing Standard 102 section IA Small Entities "The Financial Reporting Standard applicable in the UK and
Rcpublic of Ircland" and thc Companic5 Act 2006.
2.2. Turnover
Tumover is measured al the fair value of the consideraiion received or receivable, nel of discounts and value added
taxcs. Turnop'cr includcs rcvcnuc carncd from thc salc of goods and from thc Tcndcring of 5crvicc5. Turnovcr is Tcduccd
for estirnated customer returns, rebates and other similar alloivances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has
transferred to the buyer. This is usually at the ￿7￿1 ihai ihe customer has signed for the delivery of the good5.
Rendering of services
Tumovcr from thc rcndcrin¥ of scrviccs is rcco¥niscd by Tcfcrcncc to thc sta¥c of coimplction of thc contract. Thc sta¥c
of completion of a contract is Ineasured by comparing the costs incurred for work performed to date to the total
estimated contract costs. Turnover is only recognised 10 the exient of recoverable expenses when the outcome of a
contiact cannot bc cstimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed a88er.s are measured at cost less accumulated depreciation and any accumulated impainnent losses.
Dcpicciation is pruvided al iat¢s calculatcd to ￿TIt¢ off thc c05t of ihc fixcd a55Cts. 1¢55 thcii cstimated rcsidual valuc,
over their expected useful lives on the following bases=
Freehold
Leasehold
Fixtures & Fittings
15
15
15
Average Number of Emplo)'ees
Average number of employees. including directors. during the year was..
2024
2023
Olyice and administialion
Pagc ¥

Sheringham Museum Norfolk Trust LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2024
Tangible Assets
Land & Property
Freehold
Leasehold
Fixtures &
Fittings
Total
Cost
As at l Fcbruary 2023
1,970,721
27,524
1,998,245
As at 31 January 2024
1,970.721
27,524
1,998,245
Depreciation
As at l February 2023
Provided during the period
449,782
21,298
1,112
471,080
77.159
76,047
As at 31 January 2024
76,047
449,782
22,410
548,239
Net Book Value
As at 31 January 2024
(76.047)
1,520,939
5,114
1,450,006
As at l February 2023
1,520,939
6,226
1.527,165
Debtors
2024
2023
Due within one year
Othcr dcbioTS
19,708
25,448
Creditors: Amounts Falling Due Within One Year
2024
2023
Trade creditors
1,162
213
592
Other creditors
213
1,375
805
Companv limited by guarantee
The company is limited by guarantee and bas no share capital.
Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an
amount as may be required not exceeding £ l.
Pagc 9

Sheringham Museum Norfolk Trust LTD
Detailed Ineome and Expenditure Account
For The Year Ended 31 January 2024
2024
2023
TURNOVER
Sales
93,879
93,879
73,128
73,128
GROSS SURPLUS
Administrative Expenses
Wages and salaries
Ratcs
22,092
1,253
5,471
22,627
1,523
3,958
8,060
7,153
2,595
Light and heat
Repairs and mainienance
Cleaning
Computer software costs
Repairs. renewals and maintenance
Insurance
7,484
4,919
22.638
10,542
1,375
5,728
5,140
1,860
471
Printing, postagc and stationcry
Advertising and marketing costs
Accountancy fcc5
Legal fees
Dcprcciation
Sundry expenses
Sundry type A
1,092
5,840
77,158
3,362
2,986
81,466
2,236
3,334
(170,848)
{141,515}
OPERATING DEFICIT AiYD DEFICIT FOR THE
FINANCIAL YEAR
(76,9691
(68,3871
Pagc 10