Company registration nurnber:06322344
Charity reglstration number.. 11209CO.
The Towcester Museum
(Private ￿Mited Company byguarantee
without share cawtal use of 'Limited'
exemption)
Annual Reportand Finanoal Statements
for the Year Ended 30 September 2023
•4DfvQP5RT*
3110PX024
COMP￿lEs HWSE
A13
.Y240

The ToW￿$ter Museum
Referen￿ and Adrrmnistrative tktsi
Trustee5' Report
2to4
siaternentof Trustees, Responsibilities
Indepèndent Examiner's Report
Statementof Finanoal ArtNities
Balance Sheet
Notes to the Financial Ststements
9t018

The Towcester Museum
Reference and Administrative Details
Trusteos
R HamL4in
J Suase
SA Willet
AC Pardon-Hamblin
Charlty Re8lstratlon Number
112(V309
CompanyReglslratlon Nun4
C6322344
The tharity 15 incorporated in Er*land.
Ylhite Horse Yard
163-165 WatJing5teet
Towce5ter
Northants
NN126BU
Prlnc*l Office
Indèptndertt Examin
KRWAccountants
The Mill
Pury Hill 8usiness Pafk
Alderton Road
N¢)rthants
NN12 71S
Solkitor%
Amold Tht)ms
205 Watling Street
T¢)wcester
NorthamptLYfjhire
NN12 68X
8•nke
CAF
25 ￿n85 Hill Avenue
West Malin8
Kent
ME194JQ
Page I

The Towcester Museum
Tru5tees' Report
The trustees who are also directors of the tharity for the purpw of the Companies Art 2￿. present their
report with the financial statements for the yearended 30 September 2023.
Strurture,Go¥emance and MaN8wnent
Governin8 documert
The tharitsblecoThyany is controlled by itsÈtr4eming dooJmenL Memorandum and ArtIc￿SOf Association.
The charitswe company was estsWished under a Memorandum and Artides of A550aztion which estsblished
the objects and powers of thecharitable company and is governed underits Artides ofA%soctètion. In the event
of the charitable company bein8 wound up rneMbe￿ a￿ required to contribute an arngunt not exceeding £10.
Retruftm*nt and appoirfmentof newtrnstees
The Memorandum ofAssociation of the charitable company prwdes for thetrustees to meetatthe least twi¢e
a year.
Member5 attendingthe Annual General Meetin8 elert trustee5. The trustee5. when cornplete tt*nsist of3t least
three and not more tharn twenty individuals. all of whom must be members. One third lor the number nearest
one thirdl must retire and. if di8ible, offer themselves for rtrelection at each Annual General Meetin8. Those
longest in service retire first *)d the choice between any of equal service bein8 made by drawin8 lots. The
trustees may at any timè cO￿t any person du￿ qualified to be appointed as a trustee to fill a vacancy in their
number or as an additional trustee. but a co-opted trustee holds office.onty until the next Annual General
Meeting when they must seek re-tltction.
Inductlon and traInI￿ of rth¥ tTh￿ees
The thair of the trustees is responsible for the indurtion of any new trustee5. which ￿N￿Ve5 awareness of a
trustee's responsibilities, the Memorandum and Articles of Associated. administrative procedure5, the history
and philosophical approath ofthe charitablecompany.A newtrusteewould recebve copies olthe previou5 yearfs
annual report and financial Statements and a copyof the charitycommtssion leaflet The Essential Tru5tee'. Whal
you Need to Knovk. Newtrustees would also be encouraged to review other leaflets publicatlons issued bv
the Charity Commissions.
Pa8e 2

The Towcester Mu5eurn
Tn￿, Reyt
Rlsk Manayment
The trustees have a duty to identify and review the risks to which the tharitable company is exposed and to
ensure appropriate controls are in plKe to prwde reasonable assurance against fraud and error.
The tfustees have a dutyto identify and review the ri5k5 that the tharitable eompanyfaces. To date these havè
fflzinly related to the handlin8 of cash and fraud. In order to minirnise the risks. the trustees meet regularly to
collertively reviewthe record5 of the charitsblecompany to ensure all income and expenditure is being recorded
and accounted for. In accordan￿ with thè Memornndums and Artitles ofAssociated of the charitable companv
all cheques and orders for payments of money are Signed by at least two trustees. The trustee5 themsefves do
not recèive a remuneration frijm the charitable company.
Obhctl%*sandA¢thltles
and alm5
The following objectives are to be applied in the town ofTtrwcester and the a￿a south of Northamptonshire
I'the area to benefiVI'.
The establishment. maintenance and promotion of theTowtester Museum and the encouragement
and Maintenan￿ of the interest and 5UPPOrt of the public in the said museum.
The giving and exthange of information and advance and the prfyiwtion and development of public
education in all matters relatin8 to the history and herita8e of the town Towtester and surrounding
area by thè provision of displays, lectures, meetin8s, classes. films. audio visual presentation and the
The promotion of study and research into the history of the town of Towcester and surroundin8
areas.
Charhalble acti￿leS
The charitable company main activities a￿ CUrr￿try=
To mana8e its leasehold prO￿rtY which includes the renting of the two retail outlets
To prowde the museum fKilitie5 in Towce5ter.
A£hle¥ementand perfwrnance
Durin8 the period, the charitable company continues to undèrtake these activities as described above. The
museum opened to the public in December 2012.
FlnancHI re¥1
The￿ was a loss of£27,871 in the yearl2022'. £180 surplus). As atthe 30September2023 the charity had a fund
stsrplus of £121,26912022.. £149.1401. bein8 a surplus on re5trirted funds of £51.201 12022: £53,353) and a
surplus in general reservès of £70,C6812022.. £95,787). The ￿$tricted fvnds are solely for improvements to the
property or other specific expenditure agreed at the time of the award.
Pa8e 3

R•seA*s PofKy
The trustees have esrabhshed a pollcy wheth the uftrestrkted funds Art committed Of in¥ested fft tan8ible
fixed assets I'the free resetyes'l hth4 bythe tharity shtyjld be no less than 3 months ofthe resourtes expeftded.
Atthis level. the trustees belleve thatthywthdd be a￿et0 cofitiThue the current actNities ofthe charity in the
event of? significant drgp in fvnding. kcorth"th. the #4tem¢thts ha¥e l>¢Èn ¢omp*ted on t￿ b•sts
that thecomp3ny1s a 8oln8con£ern.
The ann￿llep0
s approvedbythetntstees of thecharity on 21 2024 andsfjgned on ￿S behalf ￿..
Trustee

The ToW￿r Museum
Statement of Trustees, Re5ponsibllities
The irustees (who are also ihe diTettors d The T0￿ester Mu5wm fw the pwp05es of ¢ompany kwl are
nsible for weparing the trustees. repjrt and the f*)ancial sthtsments In accordance the United
Kingdom AcwunfiTr8 Standard$ Iunrred Klngdom G*ner*Uy *Aepted ￿(￿J￿rIn8 Piacticel and applicabk law
and re8ulatlons.
Company low re4uire$th¢ tru5teu to prepare finan¢v41 st4tEm¢nts ftyeath financkAI year. Undercompany law
the tnJ5tee5 must not approve the financial 5tstements uTrk55 Ih¢y are 5atisf*d that they 8ive a true and Falr
vFew ofthe slate Df affairsof thecharftable CWbwnyarbdof irsin14￿in8re$Ourees3ftd appfication of resOUfC
including its income and expendrcure. for that peric4J. In preparing thesefinanckil statements. the trustees art
required to..
5uitaLqpaccDuriting ￿1￿leS •Th1 appNfthern con5i5tentty.'
observe the meth¢>J5 and wlnciples knthe Charlties SORP..
make judBements and estirnates thatare w￿)able and prudert:
stste h*￿her3Ppl(catrAe UK Accountift8Siandard5 been folkTh¥ed. subjertto any m¥ter￿1 drparture5
di¥bsed and Èxpknined ifi thefirHncrdl State￿nts.. artd
prepar¢ th¢ fifiafickil stat¢m¢nrson the 1oin8cofi¢ern b•sis itis inapproprAte to presumèthatthe
harltiblè company will continuÈ in busine￿.
The tnjstees are responsible for keeping adequote acclxnting records that are suff**nt to sh¢)w and explaln
Ihe charftable company'5 tr4nsacDons and dtsCk￿e *tth reason4ble ac¢uracy ai any time the financial Position
of the charitable companyand enablethem to ensure thai thefinanoal rtaten*nts comptywith rhe Companies
Act 2006. They are 4150 re5ponsib￿ for ￿les￿ording the assets cf the charitablecompany 3hd hence lor tsklng
rèasonable Mepsfor the prewentfjon and detetti￿ of fraud and other1rye8u￿rit*s.
Appfo¥ed bythe
ofthetharityon 11 Au8ust 2024aThd *eoedoD ￿ tehaff br.
amblin
P•y5

The Towtester Museum
Independent Examiner's Report to the tntstees of The Tovrtester Museum ("the
Comparf)
I report to the charity trustees my examination of the accounts of the Company for the year ended 30
September 2023.
Responslbllltle5and basts of rewt
As the charitys trustees of the Company land also its directors for the purpo5e5 of company lawl you are
responsible forthe preparation of the aewJnts in accordan¢e with the requirements ofthe Companies Art 2LK
I'the 2006 Art'l.
Havin8 Satisfied myself that the accounts of The Towcester Museum are not required to be audited under Part
16 of the 2th)6 Act and are digible for independent examination. I report in respert of my examinatson of your
thariVs ateounts as carried out urtder setDon 145 of the Charities Act 20111.the 2011 ACVI. In carryin8 Out my
examination I have followed the Dirertions 8Jven by the Charitycommission under section 145lSllbl of the 2011
Art.
Ind•pendentexamlnees statomtrt
I have complètèd my examination. I confirm that no matter5 have tome to my attentson in connection with the
exarnination giving rnt causeto believe..
l. accountin8 ￿CordS were not kept in respect of The Towcester Museum a5 requsred by sertion 386 of the
2006 Art.. or
2. the accounts do notattord wth those records-
3. the accounts do not comply wth the accountin8 requirements of sertion 396 of the 2tJ16 Act other than
ny requirement that the accounts gNe a 'trn￿ and fair VieAf' which is not a matter con5idÈred as part of
an independent examination.. or
4. the atcounts have not been prepared in attordante with the methods and prinoples of the Statement of
Rttommended Practice for zccounting and reporting by tharities lapplitable to tharities p￿paring their
accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republie of Ireland
IFRS 10211.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in orderto enable aproper understandin8ofthe accountsto be wthed.
KRWAccountants
The Mill
Pury Hill Business Pa
Alderton Road
Towcester
Northants
NN12 7LS
21 August 2024
Page6

The Towcester Museum
Statement of Financial Artivltles for the Year Ended 30 September 2023
Ilncludlng Income and Expenditure Account and staten￿nt of Total Recognised Gains and
Totsl
2023
fvnds
fvnds
Income and Endowments frtyn".
Donations and le8acies
Charitsble activitie5
11.021
11.021
Investment income
137
137
Other income
Total income
Expendlture OTr:
Charitable xtwities
Total expenditure
147.7511
111521
149,9031
Nel incomellexpenditurel
27
71
Net movement in fund5
125.7191
12.1521
I27￿71)
ReC0￿cl{latiOfi of funds
Total funds brought forward
95.787
53,353
149,140
Total funds carried fo￿ard
17
Restrthd
lund5
Total
fvnts
Incomèand End0wmentsfr¢￿.
Donations and
IL260
11,260
Charitable actNitie5
Investment income
Other income
Totsl income
Expenditureim:
Charitsble artNlties
Total expenditu
753
152
Net incomellexpenditurel
2,332
12.1521
Netmovement in fvnd5
2,332
12.1521
Reconclllatlon of fvn
Total lunds brought forward
Total funds carried forward
17
Page 7

IRegistration number: 06322344)
alance Sheetas at 30 September 2023
Fiyed assets
Tartgible assers
102.609
st￿ks
9J50
207
8.638
t>ebto
Cash * bank and hand
15
17
27.391
49.197
Creditots:Amountsfallifii thjewlthiftonev
Net￿￿eThI assets
Funds ￿t1*¢hartr.
Reslwithd Intom*Jnd5
AeStr￿tedfvrHJs
5LIQI
S3.3S3
Vnre5trfrted fvnd5
Yo￿￿￿d$
17
For the flnanclal year endin¥ 30 Septenthr 2023 the ¢harity wa5 entitled to exrrrytim under
section 477 of the CompanlesArt 2(1)6 relatl1y￿ynll compon*5.
Dlrt¢tors'1e5￿slb￿1￿ts..
rnembers not requlred the tharity to obt•ln aTr I￿it of its accounts for the ￿￿rIn quest￿￿ in
accord•thce seaion 476; and
The dlrertors acknowledge thelr reswnswtyes ￿ comptylng wlth the req￿rernents of the Aa wSth
resped to •¢¢ountln8 rewrds afid th¢ p￿Paratin of accounts.
The flnanclal ststemenrson pa￿S 7t0 18 **reapwryed ￿thetrustttS. •nd authortsed forlw oh 21 Au
2024and
r behalFty.
afflbllry
TNStee

The Tow¢ester Museum
Notes to the Flnanclal Statements for the Year Ended 30 September 2023
I Charftysta￿S
The charity is limited bY5ha￿ capital. In¢￿pOrated in Eneland.
The address of its registered office is..
6White Horse Yard
163-165 Watlin8Street
Towcester
Northants
NN12 68U
These finanoal statements were authoriseLI for issue by thetrustets on 30 July 2024.
2 A¢counlln8 polkles
Summaryotsilnifitant atcauntihg policies and k•yaccountI￿ estknates
The printipal accounting policies applied in the preparation of these finanoal statements are set out below.
These polities have been consistently applied to all the years presented. unless otherwise stated.
Statementof complance
The financial Statements have been prepared in accordan￿ with Accounting and Reporting by Charities..
Statement of Recommended Prattl￿ (applicable to charities preparin8 their accounts in accordan￿ with the
Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191
Icharities SORP IFRS 10211. the Financial Reporting Stsndaril applicable in the UK and Rèpublit of Ireland IFRS
1021 and the Companies Act 2(￿6.
easis of preparntion
The Towcester Museum meets the definition of a public benefrt entity vnder FRS 102. Assets and liabilities are
initially recognised at historical cost or transartion value unless otherwise stated in the relevant accounting
policy notes.
Golngconcem
The trustees considerthat there are no material uncertainties abwt the tharity's ability to continue a5 a goin8
concern nor any si8nificant a￿#5 of unwtainty that affert the tarryin8 value of assets held by the charity.
Exernptlon from prepth a cash flowststemènt
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a tash
flow statement in these finanoal ststements.
Income and endowrneTrts
All intome is recognised once the chartrty has entl￿ernent to thé intome. it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Pa8e9

The Towcester Museum
Notes to the Flnanclal Statements for the Year Ended 30 September 2023
1knth7nsondlegqc*s
Donations are retogft￿ed when the charity has been notified in writin8of both the amountand settlement date.
In the event that a donatiw is subjert to condttions that require a level of performante by the charity before
the charity is entitled to the funds. the income is deferred and not recognistd until èither those conditions are
fully mer or the fvifilment of those conditions is wholty within the control of the tharity and fft is probable that
these Conditions will be fulfilled in the repotynB period.
Investmentlncome
Oividend5 are reco8nised once thedividend ha5 been dedared and notification has been received of thedividend
due.
Expendhure
AJI expenditure is recognised once there 15 a ltgal or tOn5trutbve obligation to that expenditure. it is probable
settlement is required and the amount can be ffleasured reliably. All costs are allocated to the applicable
e¥penditure heading thai aggrega￿ similar costs to that cate80ry. Where costs cannot be directly attributed to
particular headin85 they have been allocated on a basis consistent vAth the use of resour￿5. with central staff
costs allocated on the basis of time spenL antl dep￿0atIOn char8es allocated on the portion of the as5eY5 Ilse.
Other support costs are alkKated based on the Sp￿ad of staff tos
Chofttableortl¥lt
Charitable expenditu￿ comprises those costs incurred by the tharity in the delivery of its activities and servtces
for its beneficiaries. It kndudes both costs that (an be allocated dirertly to such artivitie5 and those costs of an
indlrect nature necessary to supportthem.
These include the costs attributsble to the charit￿5 cornpliance with con5tibJtional and ststutory
requirements, indudin8 audiL stratewc mana8ement and trustee's rneetin85 and reimbursed expenses.
T￿atIon
The eharty is considered to pass the tests set out in Paragraph I khedule 6 of the Finance Art 2010 and
therèfore it mÈets the definition of a tharitable company for UK torporation tax purposes. Accordingly. the
tharity 15 Potentially exempt from taxation in respect of income or capital Ezins recer¥ed within Categ￿leS
covered by Chapter3 Part 11 olthe CorporationTax Att 2010or Section 256 of the Taxation gf Chargeable Gains
Art 1992, to the extent that such income oreains are applied exdusI¥e￿ to charitsble purposes.
Tangiblèfimed asets
Inilividual fixed assets costin8 £250.(Kl or more are initialty recorded at cosL less any subsequent accumulated
depreoation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depretiation is provided on tangible fixed assets so as to write off the cost or waluation, less any estimated
residual value. over thèir expttttd useful economie life as fdlows=
Assèt Class
Land & Buildings
De￿eda￿On method and rate
2% strai8ht line
Page 10

The Towcester Museum
Notes to the Financlal Statements for the Year Ended 30 September 2023
Improvements to property
Office equipment
Fixtures & fittings
2XstraiÈht line
33% stra¥ht lint
20% reducin8 balan
Stoek is valued at the lowef of cost and estimated sellire pri￿ less costs to complete and sdl, after due regard
for obsolète and sl¢)w moving stocks. Cost is detemiined using the first-in, first-out IFIFOI.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and (all deposits. and other short-twm h￿hlY liquld
investments that are reall1￿ converbble to a known am(yJnt of cash and are subject to an insignlficant risk of
thange in value.
Borrtr*ln
Interest-bearin8 borrowings are initially recorded at fair valuè. net of tfansèction eosts. Interest-bearing
borrowing5 are Subsequent￿ carried at amortised cost. with the difference between the proceeds, net of
transaction costs. and theamountdue on rèdernption ￿ing recognised as a thargeto the StatementofFinancial
Activities over the period of the relevant borro￿n&
Interest expense is reco8nised on the bast5 of the effective inte￿t meth￿1 and is induded in interest payable
and similar charges.
Borrowin85 are classified as current liabilities unless the tharity has an L¥)conditional ri8ht to defer settlement
ofthe liability for at1è3st twelve months afterthe rewting date.
Fund strucbx•
Unrestricted income funds aregeneral funds thzt arè av•lable for use at the trustees discretion in furtherance
of the objectives of the tharity.
Restricted income funds are those donated for use in a particular area or for Specific purposes, the use of
which is restrirted to that area or purpose.
Page 11

The Towcester Museum
Notes to the Financial Ststements for the Year Ended 30 September 2023
3 Incomefrom don•tSons and *8Kles
Total
Donations and le8aoes;
Donationsfrom indNiduals
Museum admission fees
11021 alL21
4 Incomé from charltable acthl
Unrestricted
funds
Total
nds
Governmentgrants
T¢)tsl for 2023
Totslfor 2022
5 Investh)ent Income
funds
General
Total
fvnds
Interest receivable and 5imilarincome.'
Interes¢ receNable on bank deposits
137
137
Total for 2023
T￿al lor 2022
6 Other hKon
funds
T¢Mal
Total
2022
Rental income
Page 12

The Towcester Museum
Notes to the Flnanclal Statements for the Year Ended 30 September 2023
7 Empendllureon (harltable atthAtsts
Total
20
Totsl
Purchases
8.286
8,286
7,017
Service char8e
expenses
8ht, heat
power
Insuran
3553
3.SS3
3,324
14.(XX)
L012
14.C•JJ
1.0
3,272
Repairs and
maintenance
6.814
L330
6,814
L330
L667
Telephone and fax
Printin& postsge WKI
stationery
Trade sub5CriPtion5
Sundryexpenses
aeanin8
Dtpretiation of
freehold property
Depreciation of ￿ant
and mathinery
Deprèciation of
fixtures ?nd ffttings
Depreciation ol office
equipment
Govefnance costs
8SI
55
320
152
20
iry)
1152
2.IS2
2.152
3.260
3.260
3.622
Page 13

The Towce5ter Museum
Notes to the Financial Statements for the Year Ended 30 September 2023
UnrestrlLled
Totsl
funds
Gerwal
fi•nds
39.261
2.152
41,413
Governance costs
Totsl tor 1023
T¢xal for 2022
8 Anaty515 018o¥ernance and5UPPOrt cos
Governance costs
fvnds
Total
Total
Independent examinerfees
Examination ofthe finanoal ststemwts
L670
6.694
Le8al fees
Other governance cc6ts
.111
4,100
Page 14

The Toweester Museum
Notes to the Financlal Statements for the Year Ended 30 September 2023
9 Trustees remyneratl¢)Tr ewse5
No trustee5. nor any persons connected ¥￿th them. ha4Te received any remuneration from the tharity durin¥
the year.
Trustees were reimbursed in theyearfor8oods purchased on behaW on thecharity.
No trustee5 have re¢eNed any other benefits from the tharity during the year.
10 lndependentexamh￿rfS remuneratkn
2023
2022
Examination of the finanoal statements
11 Tatsdon
The charity is a re8iStered tharity and 15 iherefore exempt from taKaticffi.
12 TanÈlble fixed assets
land and
Fumolureand
equlpmtstt
operry
Improbtments
Totsl
At l Ortober 2022
4,995
73.313
. L211
107.599
192.147
Additlons
At 30 September 2023
74
24
107 599
192 147
At i ortobef 2022
1.498
Ico
58.225
3,259
23,574
2.152
89,538
5.874
Charge for the ye
At 30 September 2023
Net Ix>ok ¥a￿e
At 30 September 2023
At 30 September 2022
13 Stock
2022
Stocks
Page 15

The Toweester Museum
Notes to the Flnanclal Statements for the Year Ended 30 September 2023
14 Debtors
Prepayments
15 Cash and cash eq￿lents
a)23
Cash on hand
Cash at bank
325
325
16 Creditors: amounts fallinB duè withiTh one
2023
2022
Othercreditors
Accruals
Page 16

The Towcester Museum
Notes to the Financial Statements for the Year Ended 30 September 2023
17 Funds
8aknce at30
Septèmber
Bala￿e at I
exp￿ed
Unrestrkted lunds
General
95,787
22,032
147.7511
70.068
Restricted f￿d5
53,353
12.1521
5L201
Total fimds
Balance at
September
2022
8alan(e* I
October 2021
Incom5tVd
expended
Unrestrktedfvnds
General
93.455
31,085
128.7531
95.787
ReMrf¢ted fun¢k
Tt)tal
Page 17

The Towcester Museum
Notes to the Flnan¢lal Statements for the Year Ended 30 September 2023
18 Analysis of nèt assets bet¥Men lunds
Totslfunds at
Restrktsd 30 September
fvnds
2023
fvnd5
TaTrgiblefixed assets
Current assets
16.436
27392
81.873
98,309
27392
Current liabilltyes
Totsl net assets
Llnrestrkted
Total fundsat
30 September
2022
Restrkted
funds
Tangible fixed assets
Current assets
Current liabilities
84,025
102.609
49.197
49,197
Total net assets
Page 18