Registered number.. 05415828
SHERINGHAM MUSEUM NORFOLK TRUST LTD
DIRECTORS, REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
Caroline Sands & Associates LLP
Chancellor Cottage
46 Hol￿"aY Road
Sheringham
Norfolk
NR26 8HR

Sheringham Museum Norfolk Trust LTD
Contents
Page
Company Infonnation
Director5, Report
Accountant's Report
Income and Expenditure Account
Balancc Shcct
6￿7
Noles to the Financial Statements
The folloiving pages do not form part of the Statutory accounts:
Detailed Income and Expenditure Account
io

Sheringham Museum Norfolk Trust LTD
Compani. Information
For The Year Ended 31 January 2025
Directors
Mr Jonathan Duff
MTS Wendy Austin
Mr Charles Chappell
Mrs Ros¢mary Smith
Ms Mhairi Campbell
Mr Nicholas Wallace
Company Number
05415828
Registered Office
Thcmo
Lifeboat Plain
Sheringham
Norfolk
NR26 8BG
Accountants
Carolinc Sands & Associatcs LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Page I

Sheringham Museum Norfolk Trust LTD
Compan!" No. 05415828
Directors, Report For The Year Ended 31 January 2025
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors
The directors who held o￿let during the year wcrc as follows=
Mr Jonathan Duff
Resigned 1210612024
Mr Jonathan Duff
Mrs Wendy Austin
Mrs Wendy Austin
Mr Charlcs Chappcll Appointed 1110612024
Mrs Rosemary Smith
Ms Mhairi Campbell
Mr Nicholas Wallace
Resigned 1110612024
Statement of Directors, Responsibilities
Th¢ dircctors ar¢ r¢sponsibl¢ for pr¢paring th¢ Dircctors. R¢port and th¢ financial stalcmcnts in ac¢ordanc¢ with applicabl¢ law
and regulations.
Company laiv Tequire5 the directors to prepare financial statements for each financial year. Under that law the director5 have
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom AcLounting Standards and appliLable law). Undet company la￿, the diTectors must not appT0￿e the financial
statements unless they are satisfied that they give a trne and fair view of the state of affairs of the company and of the surplus
or deficit of the company for that period. In preparing ihe financial statements the directors are required to:
select suitable accounting policies and then apply them consistently-
make judgments and accounting es(imates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropTiate to presuTne that the cornpany will
continue in business.
The directors are responsible for keeping adequate accounting records ihat are sufficienL 10 show and explain the company's
transaction5 and disclose M'ith reasonable accuracv at any time the financial position of the company and enable them to ensure
that the financial statements comply with ihe Companies Act 2006. They are also responsible for safeguarding the assets of the
company and hcncc for taking reasonable stcps for the prcvcntion and detection of fraud and other irregularitics.
Page 2

Sheringham Museum Norfolk Trust LTD
Directors, Report (continued)
For The Year Ended 31 January 2025
The directors are rcsponsiblc for the maintenancc and intcgrity of the corporatc and financial inforn]ation includcd on thc
con]pany's website. Legislation in the United Kingdom governing the preparation and dissen]ination of flnancial statements
may differ from legislation in other jurisdictions.
Small Company Rulc5
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
rcgimc within Part 15 of ihe Companies Act 2006.
On behalf of the board
Mr Nicholas Wallace
Director
2810412025
Page 3

Sheringham Museum Norfolk Trust LTD
Accountant'5 Report
For The Year Ended 31 January 2025
Report to the direetors on the preparation of the unaudited stsmtory accounts of Sberingham Museum Norfolk Trust
LTD for thc vcar cndcd 31 January 2025
In Order to assist you to fulfil your duties under the Companies Act 2006, 1 have prepared for your approval the accounts of
Shcringham Muscum Norfolk Trust LTD for the ycar cndcd 31 January 2025 which comprise thc Ineoinc and Expenditurc
Account, the Balance Sheet and the related notes from the accounting records and from infom]ation and explanations you have
given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional
requirements which are detailed at https:l/www.ifa.org.uklaboul-us/acting-in-the-public-interestlmemberregulations.
This report is made solely to the directors of Sheringham Museum Norfolk Trust LTD, as a body, in accordance with the tenns
of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Sheringham
Museum Norfolk Trust LTD and state those matter5 tliat we have agreed to state to the director5 of Sheringham Museum
Norfolk Trust LTD, as a body, in this report. To the fullest extent pennitted by law. we do not accept OT assume responsibility
to anyonc othcr than Shcringham Muscum Norfolk TTUSt LTD and its dirccloTS, 2s a body, for our work or for this rcport.
It is your duty to ensure that Sheringham Museum Norfolk Trust LTD has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial posilion and Profit or loss of Sheringham
Miiseum Norfolk Trust LTD. You consider that Sheringham Museum Norfolk Trust LTD is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit of the accounts of Sheringham Museum Norfolk Trn5t LTD. For this rea50n,
we have not verified the accuracy or completeness of the accounling records or inforn]ation and explanations you have given to
us and we do not, thcreforc, express any opinion on the financial statcmcnts.
Caroline Sands and Associates LLP
2810412025
Caroline Sands & A550ciates LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Page 4

Sheringham Museum Norfolk Trust LTD
Income and Expenditure Account
For The Year Ended 31 Januar} 2025
2025
2024
Notes
TURNOVER
117,731
93,879
GROSS SURPLUS
117,731
93,879
Administrative expenses
(171,955)
(170,848)
OPEIL4TING DEFICIT
{54.224}
(31)
(76,969)
Interesl payable and similar charges
DEFICIT FOR THE FILYANCIAL YEAR
(54.255)
(76,969)
Th¢ not¢s on pagcs 8 to 9 forn] part of th¢s¢ financial stat¢m¢nts.
Page 5

Sheringham Museum Norfolk Trust LTD
Balance Sheet
As At 31 Januari, 2025
2025
2024
Notes
FIXED ASSETS
Tangible Assets
1,376,845
1,450,006
1,376,845
1,450,006
CURRELNT ASSETS
Debtors
19,426
171,484
19,708
147,302
Cash at bank and in hand
190,910
167,010
Creditors: Amounts Falling Due Within
One Year
(6.369)
(1,375)
NET CURRENT ASSETS (LIABILITIES)
184,541
165,635
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.561.386
1,615,641
NET ASSETS
.561,386
1,615,641
RESERVES
Oiher reserves
1,119,295
442,091
1,119,295
496.346
In¢om¢ and Expcnditurc Accowit
MEMBERS, FUNDS
.561,386
1,615,641
Page 6

Sheringham Museum Norfolk Trust LTD
Balance Sheet (continued)
As At 31 Januari. 2025
For the year ending 31 January 2025 the company was cntitlcd to cxcmption from audit undcr section 477 of the Companies
Act 2006 relating to small companies.
The members have not required the company to obiain an audit in accordance wilh 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 and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies
regime.
On bchalf of the board
Mr Nicholas Wallace
Director
2810412025
The notes on pages 8 to 9 forn] part of these financial statements.
Page 7

Sheringham Museum Norfolk Trust LTD
Notes to the Financial Statements
For The Year Ended 31 January 2025
General Information
SheringhaTn Museum Norfolk Trust LTD is a private company, IiTnited by guarantee, incorporated in England & Wales,
registered number 05415828. The registered office is The Mo, Lifeboat Plain, Sheringham, Norfolk, NR26 8BG.
Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accoTdance with Financial
Reporting Standard 102 section IA Small Entities "The Financial Reporting Standard applicable in the UK and
Rcpublic of Ircland" and ihe Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added
taxes. Turnoi'er includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced
for cstimatcd customcr rcturns, r¢batcs and oih¢r similar allowanccs.
Sale of goods
Turnovcr from ihc salc of goods is recogniscd whcn thc significant risks and rcwards of ownership of the goods has
transferred to the buyer. This is usually at the poini that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage
of completion of a contract is measured by comparing ihe costs incurred for work perfonned to date to the total
cstimatcd contract Costs. Tumovcr is only r¢cognis¢d to th¢ ¢xl¢nt of Tccov¢rabl¢ ¢xp¢ns¢s whcn thc outcomc of a
contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impainnent losses.
Depreciation is provided at rate5 calculated to ￿TIte off the cost of the fixed assets: less theiT estimated residual value,
over their expected useful lives on the follow.ing bases=
Frcchold
Leasehold
Plant & Machinery
Fixtures & Fittings
15
15
15
15
Average Number of Employees
Average number of cmployees, including directors, during the ycar was:
2025
2024
Office and administration
Page 8

Sheringham Museum Norfolk Trust LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Tangible Assets
Land &
Property
Leasehold
Fixtures &
Fittings
Total
Cost
As at l F¢bruary 2024
.970,721
27.524
1,998,245
As at 31 January 2025
1,970.721
27,524
1.998,245
Depreciation
As at l February 2024
Provided during the period
525.829
22,410
916
548,239
73,161
72,245
As at 31 January 2025
598,074
23,326
621,400
Net Book Value
As at 31 January 2025
1,372,647
4,198
1,376,S45
As at l February 2024
1,444,892
5,114
1,450,006
5. Debtors
2025
2024
Due within one year
Other debtors
19,426
19,708
6. Creditors: Amounts Falling Due Within One Year
2025
2024
Tradc crcditors
6,156
213
1.162
213
Other creditors
6,369
1,375
7. Company limited b), guarantee
The company is limilcd by guarantee and has no sharc capital.
Every member of the company undertakes to contribute to the assels of the company, in the event of a winding up, such an
amount as may bc r¢quircd not ¢xc¢¢ding £ l.
Page 9

Sheringham Museum Norfolk Trust LTD
Detailed Income and Expenditure Account
For The Year Ended 31 January 2025
2025
2024
TURNOVER
Sales
117,731
117,731
93,879
93,879
GROSS SURPLUS
Administrative Expenses
Wagcs and salarics
Rates
27,320
1.269
9.412
7.073
6,387
2,495
28.070
8.750
1.191
393
22,092
,253
5,471
Light and heat
Repairs and Maintenance
Cleaning
Computer software Losts
Repairs, renewals and maintenance
Insurance
7,484
4,919
22,638
10,542
,375
5.728
Printing, postage and stationery
Advertising and marketing costs
Telecommunications
1,490
588
Accountancy f¢cs
Legal fees
Depreciation
Sundry expenses
Sundry type A
490
5,840
77,158
3,362
2,986
73,160
585
3,282
(171.955)
(170,848)
OPERATING DEFICIT
{54,224)
(76,969)
Interest payable and similar charges
Bank charges
31
(31)
DEFICIT FOR THE FINANCIAL YEAR
(54,255)
(76,969)
Page 10