Re4lstsr•d humber: Q6670805 Charity nun*er. 1126970 DITCHUNG MUSEUM OF ART + CRAFT (A conyaThy Ilmltod by zuarantee) TRUSTEES. REPORT AND FINANC sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DITCHLING MUSEUM OF ART + CRAFr (A company Ilmlted by guarant8•} Page Reference and Administrdtion Derails of the Company. tts Trusrees and Advisers Tntstees, Report IndepeThdet)t Examlner's Report to the Trnsrees of Ditehling Museum ofArE & Craft Consolidated Stat*nent of Rnan£MI Actsvfvies Summary Income and EYpdire Acrovnt 10 C{$011datrd 8#lanc¢ Sheec Company Balan¢e Sheet
LKTCHUNG MUSEUM OF ART + CRAFr IA Company Ilmited by guarnntsel REFERENCE AND ADMINISTRATIVE DETAILS OF TTrE COMPANY. ITS TRUSTEES AND ADVISERS FOR YEAR ENDED 31 MARCH 2024 President Her Majesty Queen Camilla Patron$ Mrs lenny Kilbride Roberts MEE DL Tru$tees lo Myles, Interim Chair Isilda Almeida Gavin Ambrtsse Matthew Clayton Brian Cohen Robert Gmffiths Philippa Hob50n Ashley Kne$ Dr Hope Wodf Honorary Leg*1 Cou•$41 Amanda Gray Conwany R1$¢50 Number 06670805 Charity R•gistered Nurtier 1126970 Registered Office Lodge Hill Lanè Ditchling. Hassocks West Su5Ax BN6 8SP Conyany Serretary Charlotte Graham Chtef Executlve oific•r Stephanle Fuller Independ¢nt Examin¢rs VMR Andelon BA Hons FCA DChA Clark Broymscombe Si Andrews Place Lth¥es. EasESu&5ex BN7 IUP
DITCHUNG MUSEUM OF ART + CRAFr IA company limited by guarants•) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPAKI. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Bahkers CAF Bank Ltd PO 8ox 289 Kings Hill West Malling Keht MEI 9 4TA Investment Advisers Canaccord GenutLy Wealth ManaKem¥t 9th Floor 88 W¢)od Stree¢ London EC2V 7QR
DITCHUNG MUSEUM OF ART + CRAFr IA company limSt¢d by guarante•} TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustee3 prest their annual report together with the unaudited financial statrnts of DitchliThg Museum of Art + Craft I'the Trust. "the Company. or the "Mu5eum"I for the period l April 2023 to 31 March 2024. The annual report and unaudited finaThcil ststements comprise the consolidated resulLS and financial Position of the Company and the Dirchl# Museum EndoY¢ment TNSL regi5ttrÈd charity Thurnber 290075 (together -the Group"). The T$e5 confirni that the annual reporr and financial 51atnents of the Company comply the turrent s¢avJtory requirements, the requiremènts ol the company's governing docurnent and the provision5 of the statent of Retommended Practice {SORPI, applicable to charities pyarin8 their ac¢¢yJnts in accordance vrith the linxncial Reponing Standard applicable in the UK and Repubk of Ireland IFRS 1021 {effthe l January 2015) as arnended by 14)date lletith I leffrive l January 2015). Sin¢e the Company and the Group qualty as small under 5ecDon 383, the Srratwc Rty¢)rr required of medium and large companies under the Companles Act 2006 (Strateglc Report and Directorfs Report) Regulations 2013 15 not required. PRINCIPAL ACTivrrY AND OBJECTIVES DirEhling Museum w4$ founded in 1985 by1na and Hilary Bwme. ki5 housed in a Purpose11t awdrd-winning buil(fr designed by Adam Richard5 Architrcu. wthich c¥sened in 2012. The Mu$wJrn holds a unique coll¥tioTh of yrk by many of the Internationally knov4n artists and craftspeople who chose to make DiEchling their h¢)me from the eady 20th ctyry onwards. including David Jon¢s &r Frank Brangtyn. Edward Johnston. Eric Gill. Ethel Malret and Charfes Knight The purpose of the Company is to present the and hisr4ri(al ¢ontext of the arrists and craft workers who lived and worked in Ditchling and its surrwnding comEnuniD¢% nce 1900. This is to be achieved through the acqui51tith organi5ation, preservation. and interpretation Lrf relevant and relatsd +)bits and iMfornati+Jn and their deploympth¢ for publi¢ display. resarch and learning. ision: Home of craf¢ futyre of maktng. Mlssion: ETh8 Inspire: Crtste To use the of making to improve people's Ir¥es socially driv prtiiects hand$ on OPP¢JmnitiÈ5 to Crea To be a hub for eThgagir¢g hisroric and contarwary maling for researchers and creative pracriiTroners To b• an inspirinx.enrichingand inclu5lvÈmusrn that preserve5 the idea5 and worf( of Ditchling's historic makers and u$es them to explwe cont•nporary issues. Oblectives 2023-24 alvtdys seerned likely ro be a challehging year. cOnnuing eMergeCe frorn the ¢ovid pandeml¢. high inflatien and vi$ltor behaviour impacted by both. $0 highly unpredicttb Howevw. planning for an Èxciting and susrainable fuDJr& and much d the groundwork srarod In this year. Our inrentions VEre ty" Focu5 on Income gener4tion from comMlaj and fundraising. Plan lor a major CelebratiC of 10 Yea sinc¢ the museum wened after r•Jdopm¢nt including a lo, rthday appeal. Start feasibility work for the de1C¥m¢t of the Print Gallery space a5 a new lOcn for ¢ollection display and rdling wr core swry. Under¥xke a major pry"¢tt to rene4¥ rod and windov*Y at the museum subieu to fvndlng.
DITCHLING MUSEUM OF ART + CRAFr {A c4¥npany Ilmil by guarant••l TRUSTEES. REPORT FOR THE YEAR ENOED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Collection and Exhibitlons s¥ of the SedsAle wa5 presented over the summer with A5sociath Cur4tor Juson Burns. typeogr4phic5 xaside httitrge vitth cwtemporary work in POn Double Weove.. Boun ond Albn's Moderntst Ttxtks 10- birthday tKhibition, cdebratin¥ Hilary B•Jrn< vtho Cctrfounded the mu5wm vlith h¥ sister lo)nnL This txhibraon, sho%%rasing the wi>rk of Boume and her partner in life and creative practice Barbard Allen hugdy successfijl high visitor numbers and i very PO$ltive r¥ons4 We devdoped this exhibioon from the community research undertaken in the D(feret>t Stoites projett and worked with ateam of 6 curat3 vtho ajl brJghtIl¥ed experience a5 well as expertise w the curatori proce55. This is a way of working the museum c¢)ntinu& bringing in other people to expand the narratives and our undErstsnding d tyjr colltttion. Ct>8ecwn redsÈty. The Museum Stsrting to plan the redevelopment gf part of the bylldinz in order to create new dtsplays tslling the core Dirchling ro5t and maktr5 Stories in an accessible and rdevant vny. This 11 enab lis to show 3 repr¢5enttive selection of our colkction all the time alongside hibitiOns, and ensure thac visito are able to under5tsn4 vkny the artiSD¢ community in Ditrhling and how it changed and developed over time. Thi5 work will be (aken foryArd as a collaborntiye proj.ett curarotial and learning. Learning and Communlty The museum has ddoped its family pmgramme this year ith a new Craft aub for the sch¢)ol holidys, and drop i# sl0n5 alongside hibion5. Schools workshop5 have incm5ed in numb¥ and are proving highty popuhr. W¢ develop¢d a new l¢cal school partnership through a Making Connections project fijnded by South East Museum DevelopmenL Our project with th4 village primary school took place in June and resulted in a h2nd printed typeo¥raphi¢ boo Recommendation5 Irom the EDI a£Tion plan are bng in¥sInted. tmth increased suppor¢ for participants disabiliues or neurodNergenc We worked vitth Hare Arts. a development 0rpnisa0c for Dldeaf and hard of hearing curators artists and craftspeapl< oknng pr4Ctical IrkshOpS and BSL intwpreted tour5 of the rnuseunL This c¢mbin Communi¢ation and Audience Development This year we welcomed 10.700 visitor4 19% do on nonnal numbers in an averdge year pr¢ovid, similar to 2022-23. This a disappointing resuJ4 dve in large parlro low surnmer vi5iror number5. Ourv4inter exhibits had strong fbumbers for the time el year btst the seasonal ol visitstion meant summer low )18ures had a major financial impacL Audienc• surveys r¥•orted an tyjtstandingly high le¥el of gii5faction with their &xperience vitth 84% reporting Good and 15.6% Good. AudiCeS our most diverse Lwer. increases in ethnic diversity and parriculady Dldeaf and disabled visitors at 16.5%. This is over ijouble the South East Mu$eum5 averng& Double Wee retgved 38 p¢eces ¢)f press covern¥4 d15atrng thi5 SW of 0veAl but highly significant knle crdft5people has strong rwaThee today. Commercial With support from the Heritsge Compass programme we deydopd a new Income Gen¥ation Strategy th15 yev which wll be implememted in 2024-25. A mulDear grantfrom the hkniional Low Heritagt Fund abled us to create Some new unique merchandi linked to the Dovt WeiT¥e txhibition, based on in our cdlection. We have plans w increase thi5 offer fvDJre year¥. Buildlng We *re ddighred to be avrdrded a MEND grdttt from DCMS through Arr5 Council England. which has enablel us repair our roof. Window3 11 a150 be replaced or renfftd along with other repair& Thi$ addresse$ the part of the building vthich not as part of the redevelopment project and will stanrf u5 in go¢+d stead for at least the next l O year5. In a¢cord2n¢e With the twms and ¢onditi¢)ns. all PendI)jre associated thtS grnnt has b•eTh opiulised in the financial sur&nents
DITCHLING MUSEUM OF ART + CRAFT (A ¢ompany limtted by guarantse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 10 Years slnce thé Redevelopment To celebrate l O year5 since the rniseum recyentd hllovling redevelopm¢ we hdd a prngramme of activlty centred around the Doubte WetTre exhibffion. We hdd a free day with open access for all, with attrvitie5. food drink We ilso launcheda Iofor 10 fiJndrai5ing¢ampgn and Aisad £1 0.000 for thfijra soturity ofthe muSm. Gov¢vnan¢e The Board met quarterfy durihg this period. The Finance and Income Generation Commrttee met rnonth throuKh¢)ut the year. leadlng work on ftnan¢r scenario planning to support prudenrfinancial managemwL Trustees rook part in shared business plannlnK and developm£ with the staff tram. Buslness Review. Investment Pollcy and Reserve During the yearthe Trurfs ¢ons01idatsd fvnds decreased by £1 13.516 Q023-. decrease of £193.943}. ctsmprising income of 449,18012023.. £343,977). expendiojre of £S63.485 P023.. £521.5041 and g"n5 on inve5tmentassets of £78912023..10$5 of £16.4161. Consolidated reseN¢s carried forward ai 31 March 2024 toralled £2,186,61 S Q023.. £2,300.131 l. Of thi5 arnount £700.630 P023: £737.8101 is unrestricred. £229.050 f1023.. £326.7831 are Endowmenr Fund$ and the balance of 1.256,935 12023.. £1.235,538} is rutrictEd. The resrritted funds at 31 March 2024 predominandy ci)mpris¢ the development fijnd of £1.149.482 P023: £1.171063). vthich 15 primarity wresented by the freehdd pmperty. The Trus¢e¢s have Set a pdicy for inves¢mtst of the Trus(s assets such that available monies are investsd to maximi$e the to¢al return. whilsr ensurinK that there sufficient liquidity for sh¢rt term ta5h flow requirements. The Trustees have estsblished the minimum le4el of unrestri¢tÈd rsetyes that th¢ Trust oughtto have to cover operating c¢)sts as £60.000. Reserve5 are nec¢55ary ro bridge the funding gaps spending on exhibitions and other projecTX and reeeiving resources. Reserves are also hdd to cover possible 4nerg)ry repair5 ¢0 the property and other exp¢ndiwr¢ During this trading year the museum encountered two key financial challgÉ%. firsdy our fundraising applicauons outrornes did not fall timety. or in our favour. That coupled vAth It)w summer visitor numbers for the S¥ns of the SeosKk exhibition impattsd our cash fflow on tOP of a challenging prlouS post covid trading. The board of TrLtstees met to discuss rnitigafion through two specific aciions. l. Rnance and Inco Genr4ti0n Mree {FIGCI to meet on a monthly basis to monitor and Ilag any ffinancial issues to the &drd. 2. Board of Trustees decided to close the finaneial g&p by drawng di) invested fund4 enabling the museum ro continue to opernte wth sufficitt cash reseryes. This Sityation 13 5ublett to ongoing carefijl manitmng by HGC and the Trustees. The 2024_2025 rst quart¥ resu1¢5 sugze5t that visitor numbers and earnin% are significanty up this year and we are on track tts makt a surplus at the enij of the year. The boaryl has regular conversations around being ablÈ to build up rts•ve5 to a r&isoThable and appropriate amounL Tho majority of the Trusgs unrestrlcred reswves af £700.630 at 31 Matth 202412023.. £737.810} are repre5enr¢d by the property and other tsngibl¢ assets. STRucfuRE. GOVERNANCE AND MANAGEMENT Truste4s The Trustw Trltho are also diretws for the purpose of company law. and who wved during the year we Jo Myles. Interim Chair (appointed 14 Septerter 2023) Isilda Almeida Gavirs Ambrose Matthew Clayton lappoint•4 14 Sepr¢mber 2023) Brian Cohen Rober¢ Griffith5
DITCHUNG MUSEUM OF ART + CRAFr mpany lim1t by guarnntee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Phillppa Hobscn {appoint£d 14 Sepw)ber 2023} Penelcpe Jone5 Ir¢signed 14 March 20241 Ashley Kne5 Prof. Card wat Chair (resigned 9 August 2024) Dr Hope Woolf (appointed 19 September 20241 Appolntme•)t Of Truste5 Trustees thr trf office are recommended to the members of the knrd of Trtsste¥ 1.the Board"). Al appointments and reappointsnMts must be approved in advathte by the mMbers ther in general rneeting or in Yrriting. Go¥¢rning Dtscumènt DltrhliTr¥ Museum of Art+ Craft is aconyanylFmlr¢d byzuardnteegovemed by its Memor4ndum and Articl ofA550ciation dated 21 July 2008. k 15 W5tered as a charity ¥th the Chamy Commission Icharity No. 11269701. The Ilabllity of m4mber5 in the event of a winding up ts limrred by guarantoe to an amount not exceeding £1 per member. The Tru$t Wds esoblished ro tske over the ovmership and manag•neTht of Dlrchling Museum from the Endovffiit Trust under which the Museum had oper4r¢d since ir VAS knnded in 198S. The End0ent Trust ra3iThs the core investmenr porrfdio thich is ble£¢ to the terms of a new governing document or "scheme- approved by the Olarity Commis5toners in 201 l. All income rECed fr+Jm d0V)ent assets inures tg the benth of Ditchling Museum Trust and is transferred in cash on rtteipt TnIste. Inductlon and Trnlning New Tru5¢ees are briefed +Jn their legal ctlligaiions under charity and company law. the eohtent ofthe Memorandurn and Articles of AssociafjoTh, the bu5ines5 and finances ofthe TrusL the Museum SInesS Plan and all Museum policy doCumts. The business of the Trust 1$ rnanaE by the Board vtho mtzr at least knr times per year. The number of Trustees rnust be a minimum ol three and a maximum of filrew). WheTh Trustees retire. applleations are soughtthrough open call. and nc¥ninaiions are sought from existing Truste5 and Museum sr2ff for their replacem•nL The/ are appoinr•l at any ofthe hjr Tru5tea meings during the year. The daytyday running of the Museum 15 delegated to a fijll-time Dire£tor. Stwhanie Fuller. She is assistsd by a fvll-tirne Collection and P4Jilding5 Officer, parr-time commerci M&naKer. part time WlE0r Services Manager. part-time Vi$itrr Sekvice5 Assisgants., a part-time Communications Managw. part4ime D1¢31 c(rdrawr, parc-Dme Learnlng crdInatOr and a part firne PA. The mus¥Jm also runs an extrnslve pmgramme and hlxts internships and offexs work experience opportyjnides. The Trnst annualty revie4YS it5 r4sk man&¥¥ PrnC¢%5e5 to 5re that ri is UP tts dare and that procedurts are fijl understood by all c¢)neerned. Seni taff The TrusteE5 consider that they and the re5pon$ible for the day to day rnanag¢nt of the Trust Ct)mpri5e the key management personnel ol the Trust in charge of diretiing. contrdling. running and operatinE the Trust on a day co day basis. All TrusTres gNe their Dme fredy and no Trus recwved remuneration in the year. Details of Tnjstee penseS are dl$closed In note I I to th¢ acc¢yJnts. The pay of the senior mff is annualty-
DTfcHLING MUSEUM OF ART + CRAFr IA company Ilmlted by guar•nts•} TRUSTEES. REPORT FOR TrE YEAR ENDED 31 PAARCH 2024 FUTURE PLANS This year seen by the Board as a transillon year of recovery and Itarning from the pandemic period. intsgrating learning ar+xnd digitsl for audremce J1)Pment and ccrfnmercral activity into futyre Strategy. In panicular the Board responded to the co$t of INing crisis vth a pay revie•V proce55 and wrted ¢losdy the tsam to lay the groundwork for future incyne genrdtion. The new Plan will be fornlised in 2024 followring work v4rth Heritage G)rnpass. TRUSTEES. RESPONSIBILMES STATEMEKr TheTrusttes Ivtho are also dIrorS of Ditchling ISeUM of Art + Craft for the purposes of <ornpany lawl are re5PDThsible for preparing the Trustees. Annual Report and the financial sutements in ceordance applicable law and Untted KSngdom AcctyJntin8 Sundards (Untted Kingd+Jm GeneralL¥ Accepted Ac¢ounting Prdctice). Cornpany lavrf requires the Trustees to prepare financial statemthts for each Inanual year. thhich give * true and lair view of the Sla of affalr5 of the charitsble cotnpany and of thè incomlTrg rerC¢S and applicarit)n gf resour¢¢s, including the incorne and eXPdI of the charitable tompany for that pwiod. In preparing these financial sratements, the Trus5 are required to. select suitable ac¢ounting policiÉ% and appty them con5iStendy'. observe the methods and principle5 in the Tharioes SORP 2015 (F 102).. make judgements and estimates that ire reasonable and prudÈThr Stste thEther applicable UK Accoun¢ing Standards have be follow. subj¢¢t to any matorial deparnjres disclosed and explained in the ffiThantui1 ststemeTrts.' prepare the financial sTateMen on the%Tr8 concern basis unless tL is inapproprHte ro presume that the charitsb ¢ompany wll ¢ontinue in op¢r3ti0n. The Trustees are responsible for keeping adequate accounting records that dixlose Trwrth reasonable accurnty at any lime the financial position of the ehatitable company and enable them to ensure that the ffinancml 5ratements cotnply the Companie5 Act 2006. They arÈ also responsible for safeguarding the a$sefs of the charittble company and hencefor reasonable Steps for the preven11c and dlOn of fraud and othw irregularities. SMALL COMPANY EXEMPTIONS The above ryorc has been pwared in acc£dance the pon$ ofthe cpanieS Art2006applicabletO CLxnpanie% subject to the small companies. regim Thos report VA5 approved by the Trust. on Lp/IL/14 and slgned on thefr behaw by.. Jo Myle% Interlm Chair
DITCHLING MVSEUAI OF ART + CRAFr IA company limit•d by guarant¢•} INDEPENDEMf EXAMINER'S. REPORT TO THE TRUSTEES OF DITCHLING MUSEUM OF ART + CRAFT FOR THE YEAR ENDED 31 PAARCH 2024 I report on the finan¢ial statanents of the ehary tsr the year ended 31 M¥ch 2024. thich are out )n pages 9 to 27. Rspon$ibllldés and basis of ryort As the tharity's trustees of the rompany (and also iu directors for the purposes of conwany law) you aré responsible for the preparatian r4 the atcounts in accordance with the requÈremenTS of the Coftyanies Act 20061.the 2006 Act). Having satisfied rny5elf thac the accounts of the corr4>any are not required to be audited und¥ Part16 of the 2006 Actand are ellglble for independent Éxamination, I rwort in respect of my aminatiOn of y¢)ur chaMry'5 accounts as earried out undtr section 145 of the Charityes Acr 201 I (the'201 l A¢}. In tsrying outmy examina¥ion I have followed the DirecDtr5 given by the Chariry Commi$5ion under $tion 145(5)Ib} crfthe 201 I ACL Indep•ndent xamineVs report Sinc¢ your charity'5 gross inc¢)me txteeded QS0.000 your examiner must be a mwnber of a listrd body. I can confirni that l am qualified to undertake the examinaDoTh because l am a regisr¥d member of the In$tiwte of Chart¢r¢d Accountsnts in England and Wales vthich 15 one of the listed b4dle5. I have complered my txaminaooh. I confirm thatno Tr¥UEf5 have c<yne ro my •tiOn in conneciion with the examinatit givirtg me cause to beliLWe atcounting records not W¢ in re5pett of the c£wany as requir by section 386 of the 2006 Acr or 121 the aec¢Junts do not accord wrth thwe a¢¢ounting re¢ryd& or (3) the accounts do rmx ¢1¥npty the acctyJniinK requIremets of se¢Don 396 of the 2006 Act other than any requirernent that the aceounts give a true and fairf vie4 which is rbot a matter c<>nsid¥ed as p2fE of an independent examinaiion." or 141 the accounrs have n¢X been pryjared in actxdan£e with the methods and principlÈs of the Statsment of Kecommended practice for accounting and reporring by charities applicable to charitie5 preparing their acctyjnts in accordance V*ith the financial Reporring Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no concerns and have c¢)me across ngother marrers in conne¢iion the examination to vthich atyention shtsLtIJ be dra in this report In order TQ enable a proper understtnding of the acctyjnts ro be reached. ctoria Anders &4 {Hons) FC4 DChA Chartered Accounrxnt aark Browrkscombe 2 S£ Andrews Place Le East Susstx, BN7 1 UP . LOL
DITCHUNG MUSEUM OF ART + CRAFT IA company limit•d by guardntee) CONSOUDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 UThrestrirted funds Restrirted fvnds 2024 Endowment funds 2024 Totol fvnds 2024 Total fund5 2023 Ntyte Inetsm• and endowments frt¥n Donaiions and grnnts 71267 175.581 247.848 165,793 Charfrable athities 90.314 3.700 94.014 81,986 Other tradlng activi$ 104,432 104,432 91.185 1nvesmlts 1.4SS 1,431 2.886 5.013 Totsl income and endowments 264.468 179.281 1.431 449.180 343.977 ExPendIre oh: Raising funds 138.630 25.949 165.427 124.554 Chariuble activities 6.7.8 2S8,497 139,561 398.058 396.950 Tot1 expenditure 397 127 16S.510 648 563.485 521.504 Net Incom•l(expendlwre) before investment 8ainslOo$ses) (124659) 13.771 583 {114.305) (177.S27J Net gainslO05ses) on inv&ents 789 789 16.416 Net Incomtl{expendityre) before transfers (12l659) 13.771 1.3n (113.516) 1193.943) Trat)sfers bthveen Funds 18 91,479 7.626 9.105 NET MOVEMENT IN FUNDS (37.140) 21.397 (97,733) (113.S16) (193,9431 RECONCILIATION OF FUNDS T+xal fijnds bwght for%Ydrd 737.810 1.235.538 326.783 2,300.131 2,494.074 TOTAL FUNDS CARRIED FORWARD 700.630 .251,935 229,050 Il06.615 2,300,131 The now on page5 13 to 27 form pan dthese financi
DITCHLING MUSEUM OF ART + CRAFr IA ¢ompany Ilmited by guarantee) SUMMARY INCOME AND EXPENDITURE ACCOUP Excludlng Endowment Funds FOR THE YEAR ENDED 31 MARCH 2024 Unrestyi<ted Restrlrted funds funds 2024 2024 Totol fvTrds 2024 Toiol furtds 2023 Note Gross incomè In the reportlng period 268.468 179.281 447.749 339.678 Le5s.' T)tsl pendIre 397.12 165.510 562.637 520.254 Net incomEI(expendityre) ftir year befrre transf¢rs (128.659) 13.771 (114.888) (180.576) Transfers bety fvnds 91.479 7.626 99.105 55.000 Nèt Incomel(expendltsre) for th¢ Ilnan¢lal year 18 7.180 21.397 {15.783 (125.576) 10
DITCHUNG MUSEUM OF ART + CRAFT {A company limited by guarnntee - R¢gi$t•r•d Number 1166708051 CONSOLIDATED BALANCE SHEET S AT 31 MARCH 2024 Note 2(124 2023 Fixed assets Tangible asss Invesokn•LS 2.110.742 2.089.526 97.736 2.110.745 2,187.262 Current as%ets Stock Debtors Cash in hand 29,609 9,747 70,397 31.259 5.782 112.052 109.753 149.093 Cveditors: amtsunts falllng du¢ wlthin one year 33.236 8.075 76.517 121,018 Total assets l¢s rurrent Ilabiliti 2.187.262 2.308,280 Credltor5: amounts fallirbg du aft•r nx)re than one year 17 64 8.149 Net assets 2.186.615 2.300.131 ¢hwity funds EniJoY¢Thent fund$ Restricd funds Unrestricted fijnds 18 229.050 1.256.935 700.630 326.783 1.235.538 737.810 Total Funds 1186.115 2,100,131 The Group's financial statemonts haye pryarl in ateordance with the PrS1On$ applcableto companies subjett to th¢ small companies. regim TheTnJsrees tonsiderthatthe GriyJp is entitled to exnption the requirunl tc• haye anauditunderthe provisions of set11c 477 of the Compani& Art 21)06 rth¢ Ate) and members of the CLnpany have no¢ required the Group to obtain an audit for the year in quÉEtion in accordance vAth tiON 476 of the Act The Trustees aCknOedge their responsibili¢ie5 for complying with the requlrements of the Art ith re5pett to acc•uniing records and the preparation of finan¢ial 5tstements. The financial 5fatem¢nts were approved and uth¢*i5ed for issue by the Trustees on $ign4d on their behalf br. 2- Jo Myles The notes OTh pagÈ$ 13 to 27 fom part of these financMI st&t•wts.
DITCHUNG MUSEUM OF ART + CRAFr IA company limlted by guarantsè - R•glstsTed Number 0667080SI COMPANY BALANCE SHE AS AT 31 MARCH 2024 Note 2024 2023 Fixed assets Tangible ass< Investrnents 12 13 2.110,742 2.089,526 97.736 Curvemt assets Stock Debror5 Cash In hand I I IlJ.745 2,187,262 14 15 29.609 9,747 70.397 3 1.259 5.782 112.052 109.7SJ 149.093 Cvedltors: wnounts hlllhg due within one year 33.236 28.07S 70.517 121.018 Total asstts less current liabilities I187,242 2.308.280 Creditors: amounts hllin8 due after mope than one ye•r 17 29.694 237.196 Net wets 1.957.568 2,071,084 Charity funds ETrdoVent fijnds Restrirted funds Unrestricted funds 97,736 1.235,538 737810 1256.935 700,630 Total Funds 1.957.$68 2.071.084 The Company's financial st3tYwts haVeb pwared in accordancewith the pr(wision5 applicableto comptnie5 subje¢t to the Small ¢ornpanie5' regimo The Trustees consider that the Company is enttded to etemption from the re4UIr•t to have an audit undw the provisions trf section 477 of the Companies Art 2006 ftheAce) and membws have notwuired the Q>mpany to obttn an audit for the year queSon irb attordance s&tion 476 of the Act The Trustees acknovrfedge thr resp¢)nsibilitie5 for comptylng wth the requirements of the Act with reSpt to ac¢+>Jnting ordS the pry)ar4tion of ffinancèal 5tstemeni The finan¢lal srat¥nents *we approved and authorised fDr t55ue by the Trusrees on on their behaw. br. and sgnwj Jo Myles 4dliAIJII'&V The n¢XeS on pag¥ 13 27 parr of these financial ststemen45. 12
DITCHUNG MUSEUM OF ART + CRAFr (A Mmpany Ilmli8d by guarantaè) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 PAARCH 2024 ACCOUNTING POUCIES l. l Basis of preparation of financ1 Jtat¢ments The financial staternents have been prepared in accordance with Acc•Jnwng and Reponing by Chariues.. Stam8nt of Recommend¢d Prdctice applicableto chrfDes prepartng th¥r accountsin accordancewith the Financi31 Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 lthcove I hnuary 20151- {Charitie5 SORP IFRS 102}}. the Rnandal Reporting Standard applicknle in the UK and Republic of Ireland (FRS 1021 aThd the Compani¢s Act 2006. Ditchling Mu5wJm of Art + Crdft fthe Trurf cr'the Campanyl meets the dnItiOn of a public benefit wtiry under FRS I ol Atsets and liabilitses are inrtralty recognised at historical cost or transacdon Value unless Other%Se ststrd In the relennr accounting pdiq. The Statement of Financial Acovities {SOFAI and Balance Sheet c¢)n501idate the ffinan¢ial statements of the Company and thÈ End¢)wment Trust The results of the Endo¥fflt Tturt consdidated a line by Ilne basls. 1.2 Con¥>any Ststy5 The Company is a company limi¢ed by guaran& The munbers of the Company are the Trustees named on page l. In the event of the C¢mpany being wound up. th¢ liabilrty in respect d the ¥uarnnree is Ilmlod to £1 per member of thÈ Company. 1.3 Golng Concem Th¢ fiThantial strrements have been prepared a goin¥ concern basi5 as the Trnstee5 believ¢ that ng material uncertainties exi5L The Trust5 have considered the level of fvnds hdd and the expectsd level of intome expertditJJre for 12 months frn authorising these finantial suwents. The budgetrd ificorne and expenditure is sufficient %¥ith the level of reserves for the charlw to be able to continue as a ¥oing concern 1.4 In¢ome All income 1$ recogni5ed once the Con¥)any has entitlement tts the inc¢rn it 1$ probable that the income 11 be recetved and the amount of incon recvble can be measured reliably. Glft% in donated for distribution are included at tAlUatiC and COgnised 2$ income when they are disthbuted to the projects. Gifts donated for re are Includ as income en they ire sold. Donatsd facilitses are includ at the wdlue ro the Company vthere this can be quanofied and a third pary 15 bearing the C+)SL No arnounts are included in the financi STa¢ents for Senfices donated by volunree Donated services or facili0£% are rtcoKnised then the CorTyany ha5 contrd 0¥ the It. anycondi?S assotiatsd Tth the donated item have been mx the recwpt of 01C benefit from the use of the Company of the itRm is probable and thatecofiomic b)efit be measured reliabty. In acctsrdance the Charities SORP IFRS 1021, th¢ gweral volunteer time of the Friends is notrncoKnis¢d and rthr to the TrnsL¢e5' report for more information about thelr conthbution. On receipL donated profe$510n 5eryiees ind donated faciliiies are recagnised the basls of the value of the ts> the Company which is the amourbt the Company would have been vlilling to pay to obtsin ieryices or facilities of equivalent eegnomic benefit on th¢ opw rnarker a corresponding amount is then rKognixd in expendityjre in the period of rKwpt lTr£ome ox recoverable rdaD4Jn to donati¢¥)s r¥¢d under Gift Aid or deeds of ci>venant is recognlsed at the time of the donation. 13
DITCHUNG MUSEUM OF AIU + CRAFr (A company Ilmited by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2024 1.5 Expendithre Expenditsjre 1$ rKognrsed once there is a legal or cstruCtive <ligatiOn to tyans(er Kwomic benefit to & thirts pary. it 15 probable that a transfer of eCon1C benefiu ill be requirJ in settlemenr and the amount of the obligation can be measurgd rellty. Expenditure is £lasstfied by acuviy. The costs of each activity are made up of the total of dlrecr costs and shared costs. including 5UPPOrt costs in¥dved in undertaking each actiyiy. Dlrect costs attribufable to a 5FnEle aai¥ity are211¢cated dirÈcdy to that ¥ctyity. Shared cosr5 vknich conthbutr to more than one Ictivity and supportcosts vthich afe not attriburxble to a single activity are apportioned befyyeen those ac6vitie5 on ba$1$ con51Stent vath the use of re5tyJrces. Central mff costs are allOt&4 on the basis of time $ponL and depreciatlon charye5 allotated the portion of the ass5 Fundraising cos(s are those incurred in seeking vduntsry c0nrribud¢S and do not include the t05ts of dis$eminatiThg infonnation in 5upp¢>rc of the charitsble a1¥1)es. Supp¢)rt Costs are those costs incurred direcdy In support of expendlwre on the obiects of the Comphy and include projett management caryied out ac Headquartrs. Governance costs are those incurred in cont)ection with adMlMo)n of the cornpany and compliance con50tUtional 3nd srawtory requirements. Costs of genernung (und$ are costs incurred in auratting vduntary incom4 and those incurred in ts7ding attivities that txi$e fvnds. Charitsble actyities and governance cow are COSL% incurred on the Company's educational operdtlort$. includè support C¢)Sts and eow rdaong fo the governance of the CcnpaThy appi)rDed to charitsble activiD&%. The Trust cperates a partial exemption xheme tr VAT purposes and the irr1)yab1e inpur VAT is shown aratdy as an txpse Wthin other expendiw 1.6 Basis of ¢onsolldtion The ffinancial sutemenrs consdidats the accounts of Ditchling Mu$•Jm of Art + Craft and all of its subsidiary undertakings C'subsidiaries" togethÈr"the GMP"). The Company hastskn advantsgeofthe ÈxeAnption contsined wthin 408 ofthe Companles Att2006 natto present rts Ir¢come and expendrwre account The and expendityre accountlor the year dea with in the acc¢yJnts of the Company was net expendityre 01 £113,51612023: net wendiojre of £193.943). 1.7 Tangible fixed assets and depreciatlon All acquisition &ets art capitalistd. All othèr assds co#ing mtsre that) £1,000 are capitsli5ed. Heritsge assÈts comprT5e the cdlKtion of artefacts and exhibirs that r¢ hdd by the Trust Such assets that were aC9iiired by the End0ent Trust prior to March 2005 are not intluded as vdpital rrems In these accounts. T*nglble fixed assets are carried at cosL net of depreC00n and any proviston for impalm)enL DepreCIaOn is provided at ra calculated to writs off the ct)St of Èxed ass less their estimated residual valu& over thr expectsd usefvl lives on the followng ba Freethold property- styai8hr line ov¥ 50 years Fixtures and fittings - srraighr line over 5 years Museum collection - n¢X deprttiat•J 14
DITCHUNG MUSEUM OF AKf + CRAFr (A company Ilmlted by guarantè•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1.8 h)VOStsnents Fixed ass•t 1nve51rnts are a forrn of financinl instrument and are intoally recognised at their tran5acrion c05t and $ub5equendy measured at fairyalueat the Balance Shet daw unless frdir value Cannot be mea5ur¢d rdiabjy in which case it Is measured at cost less impalrn)L tnvestskneTht 8ainsand l0$54 %%thether reali5ed or unreali5ed. are combined and Sho in the heading 'GaIn{Se$) invesknents. in the Ststement of Rnanttal A£¥e$. 1.9 Inttrest rd¥able Int t)n funds held on depg5it is included receiAble and the am¢yJnt Can be measured reliably by the Company.. this 15 nom41ty UP)n notific&ti)n of the interest paid or payable by the bank 1.10 Operalln8 leas5 Rentsls under operniinz leasw are charged to the Ststem¢ of Rnancial ActitieS on a 5traight-line basis over the lease trm 1.11 Stocks Swcks ar¢ valued at the lov of ¢95r and na realisable value afrer makn.ng due all+Mnce for ob501 arvj sl+)W-moving stocks. Cost indudes all direct aThd an apprnpri•te proportion of fixd and variable ovetheads. 1.12 Debtors Trade and other debtors are reco8rtised at the setdement amount after any rdde discount <)ffered. Prwaymen are Valued at the amount prepaid net of any dtstounts du 1.13 Cash at bank and In hand Cash at bartk and in hand includes cxsh and short terni highly liquid invethents wtth a short mawrity of thrtÈ months or lets from the date of acquisiiion or epening of the deposlr or similar a¢count 1.14 Llbllitiés nd P¥1$105 Liabilitie5 are recognised when there is an obliDtion3¢the anCe5h date as a rt5ult of2 parteven¢ it is probable thata tnnsfer of Économie benefit will be required in 5etdemen4 andthe am(nt0f the setdnÈnt can be e5llmated rellabty. kn"abllities art recogni5ed at thè amount that the Ctyyany anticipates it will pay to setde the debt or the amount it has received as advanced Paym[$ for the goods or services it mu5¢ provid& Provisions are measured at the be¥¢ estimate of the amtyjnts required to settle the obligation. Whe¥e the effert of the time value money Is rnat8rial. the provision rs based on the preSt value of those amounts. disc¢yJnted atthe prerytsx discount rdt8 tht rdects the risks specific to the Irabiliy. The 1ndIng of the d15count Is recoRni$ed wthin inteest payable and similar charges. 1.15 Flnancial InstrumEnts The Company only ha$financiala5sets andffinanclal liabilitie5 of a kind that qualifyas basic fiTranclal iThstrum¢nts. Basi¢ )Inanti31 insrrnments ar¢ iThiti211yre£ognised atrrarbsacti¢)n value and subwuentty measured attheir 5etrJement valuE th the excepOn of bank loans *thich are 5ubstquenty measured at amorosed c05t 11slng the effettive intsrest method. 1.16 T4xatlon The Company is considered ro pass the tests outin Paragraph I Schedule6 of the Trance Au 201 Oandthérefore 15
DITCHUNG MUSEUM OF ART + CRAFr IA ¢ompany limlted by guarantsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 it meets the definioon of a eharitable company &)r UK COrp80n tsx purpos Accordingly. the Ctsrnpany is potentyalty exempr from tsxation in rtspert of income orcapitalEains recetyed ithin categorie5 covered bychapter 3 Part I l of the Corpor4uon Tax Act 2010 or Section 256 df the Taxation d Chargeable Gains Att 1992. to the extent that Such inci)me or £ains are applied exclusivety to charir2ble purpose 1.17 Pnslons The Company cerat¢5 a defined cantribution pensit)n scheJne hd the pen$ion charge represents the arrounts payable by the Company to the fiJnd in respe¢r dthe year. 1. 18 Fund accountinK Generydl fvnds are unrestricted (unds whith are ar4iEablefor use at the discrerion of the TrustX5 in Jrtherante of the gener31 Obl¥S ofthe Company and which have not beth designated for other pu4>58S. Restrscted are funds vkni¢h ro be used in ccordance with specifit re5triciion5 imposed by donors or which ha¥e been raised by the Company for particular purposes. The costs of rdisin¥ and administering such funds are Charged againsr the specthc fijnd. The aim and use of Èth resrricted fvnd is set out in the notE5 to the finanei STatements. InvestrnÈnt inC+yn< gains and l+Jsse5 are 10Carj to the apprt)riate nd. 1. 19 Critlral a£¢oun¢ing estlmates and areas of judgewrnnt Estirnates and judgmtr are continualty evaluated andare basedom historical experience and other factors. includi expttrati0115 of fvtjjre Èyents that are bdieved ro be reasonabk under the urcumsunces Critscal accounting emimates and assurytiJnS: The Cornpany Makes tim2 and assumptions concerning the jr£ The re5uking accounting estirnates tnd assumptions will. by definition, 5ddom qual the relared atwal results. The estimat¢s and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial yoar are discussed below. CAtical areas of judgmtst Depreeiation: The Company exeroses judgemt tr detemiine usdul lives and residual lueS of pwery. plant and 4uipm¥L The assets are depreciated d)%bn ts> th•r residu values ovtr thr *5timated usehjl lives. INCOME FROM DONATIONS AND GRAprrs Unrestrittgd Restricted nds nds 2024 2024 EndowmEnt funds 2024 Toiol funds 2023 funds 2024 Donations and gran n.267 175.581 247.848 165, 793 Toial 2023 25.050 140.743 165.793 INCOME FROM CHARrrABLE ACTivmES 16
DITCHLING MUSEUM OF ART + CRAFr company limlt•d by guarantso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 Total funds 2024 Totd funds 2023 fund5 2024 funds 2024 Wisitot5 Education inc+Jn8 55.082 35,232 55,082 36,932 76.678 5.308 3.700 911.314 3.700 94,014 81,986 Total 2023 81,986 81.986 ThADING ACTivmES Unrestricted Restrict Endowment funds funds fvnd5 2024 2024 2024 Totsl fuod$ 2024 Total funds 2023 Charfty trading Income Sales Café Venue hir¢ 78.509 24.478 1.445 78,509 24.478 1.445 71.863 17,516 1.806 104.432 104.432 91,185 Fundraising trading expwse5 F¢Jndrdising Marknng and dèvdopment Café purcha$4s Cost of sales Training. travel and recruitmen¢ Inve5onent manag#nent ftes General offlce costs Support Casts 1.105 2.321 13.630 43.862 573 5.158 16.557 42 4.192 6.263 18,878 13.672 48,054 573 848 7,264 69,875 89 7.041 9,043 42.411 351 1.250 6.505 848 7.264 69,875 138.630 25.949 165.427 124.554 Net expendlture from trading tiVItieS 34.198 2S.949 60.995 33.369 INVESTMENT INCOME 17
DITCHUNG MUSEUM OF ART * CRAFr (A ¢ompany limit•d by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Uttrestrlcted Resti7cted funds fuDd$ 2024 2024 Endowment funds 2024 Total nds 2024 rotal fund5 2023 InteresE and dividends 1.455 1886 5.013 T¢tdl 2023 714 4.299 5.013 DIRECT COSTS Chvltable activitie5 Total 2024 Totol 2023 2024 Schools proiec Exhibition expSe$ Prernise5 Costs Bank & credit card thar¥¢s Bank loan Irrecov¥able VAT Sundry expenses Staff costs Depreeiation 23,374 62,004 82.391 409 780 17.433 276 13.389 44.631 23.374 62.004 82.391 409 780 17,433 276 113,389 44.631 28,532 58, 723 58.959 363 1,218 9.888 377 138,551 43.973 344.687 344,687 340.584 SUPPORT cosrs Charitable tiviti8s Tot*1 2024 Totol 2023 2024 G1 office costs Travel Training and (1)nfECeS &Jppon costs . w4e5 and 10,381 238 414 10.000 10.381 238 414 i 0,000 5.580 107 32 7,028 21.033 21.033 12,747 GOVERNANCE COSTS 18
DITCHUNG MUSEUM OF Airr + CRAFr (A company limitod by guarant#) NOTES TO THE FINANCIAL STATEME1s FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 21124 R¢strirted funds 2024 Total funds 2024 Total futtds 2023 Indepenknt mIners, rtmuneration Accountsncy service% Lepl and other profe551111 fets Training and travel costs General office c05r5 GOvernCe ¢xpen$¢- wate5 and salaries 1.675 23,846 28 79 990 5.582 1,675 23.846 166 79 990 5.582 2.163 29.140 3,069 48 887 5,082 138 32.2110 138 32,338 40.389 ANALYSIS OF EXPENDtruRE BY EXPENDrruRE TYPE Other costs Staff costs 2024 Deprttlation 2024 Tatal 2024 Total 2023 2024 Expendlwre on fundraislng trading Expendiwr on in¥85¢ment management 70.448 94.131 164,579 123,304 848 1.250 Costs of geratIng funds 70.441 94,979 165.427 124.554 DirécE Costs- Charirable activirles Expendityre on governance 113.389 5.661 44.631 207.700 26,677 365,720 32,338 356.561 40,389 189.498 44.631 329.350 503.485 52 1,504 Totttl 2023 201.497 43.973 276.034 52 1.504 10. STAFF cosrs Staff costs knwe 5 follow5: 2024 2023 Wages and 5alar5 Social stturity costs Other pmsion costs 183,921 9,447 3.766 199.930 4.538 3.812 197.134 208.280 The avernge number of persons ¥nployed by the Cryany during the yèar vas a$ follows: 19
DITCHUNG MUSEUM OF Airr + CRAFr {A company Ilmit•d by guardntsol 140TES TO THE FINANCIAL STATEmEs FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Charitable athity 12 No nployee receNed reAnuneration amwnting To mort than £60.000 in either year. The aggregatr remuner&tion of kty manag¥nent Ptr50nnel. Comprise th¢ Trustees and Thief Execu Offic¥ was £49,35012023.. L47,0001 TRUSTEES. REMUNERATION No emoluments We pard by the C+Jmpany to any Trustee5 during the year Q023- £nill. No business expens were reimbursed to Trustee5 during the year P023.. thil). 12. TANGIBLE FIXED ASSErs Freehold prop•rty Fixtyres athd fittings Museum collertion Total Group and Conyany Cost At l April 2023 Additions 2.173.573 65.847 51.323 345.955 2,570.851 65.847 At 31 Marth 2024 239.420 345.955 1636,698 Depreciation At l April 2023 Chargè for the year 432.009 44.129 49.316 502 481,325 44,631 At 31 March 2024 476.138 49.818 525.954 N•t botsk vl¥• At 31 March 2024 1.763.212 1.505 34S,955 2.110742 At 31 Morth 2023 1.741.564 2.007 345.955 2,089.526 The freehold property. fixwres and fi¢tyngs and the Museum Co1c1)n were wansfmd to the Trusc from the Endovlment Trust 0Th 22 March 2010 at the nlue recorded in the Endovm*nt TrusL SubSequY the freehold properry vrds revvalued a¢cordtng to a valuation for insurance purp¢>se5. Th¢ areas of paruculkr smgth vthin the Trustr$ collection are a5 foll 20
DITCHUNG MUSEUM OF ART + CRAFr (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YER ENDED 31 MARCH 2024 Collection of works of Internation importante made by Eric Gill and the craftsmen dth8 Guild of St seph & St Dominic and assoclat4 including silvwwrxk 5culpoJr& stonewk wood catving. engr&ving IvIn printing and lettering Work¥ by David Jcfie5 including 'Madenna and Child in the L3nd5¢ape' Cdlection of ffine art by Ditchlin8 artists induding * Lr¥È of oils by Loui$ GinThett Large cdlection of Ya¥ing by Ethel Mairet and Hilary Prne Representative colleaion of %vks d alligrnphy and lettÈrlng by Edward Johnston The Stanhope Press used by St Dominic's Press and a comprehensive collecdon of work by Sc Dorninlc's Press and Dir¢hling Press including Pamphl labds. ¢ard5 aThd posty5. Evan Gill collection: a corryrehensive Coll0Th of works (books. ¢i)rr¢spothd¢< juv¢nili4. ephemeral Eric Gill and St Dominic's Press boDk annotrtyl by his brother Evan. The value of the Nwseum collection as at 31 March 2024 has not been included in these accounts a5 insufficient irrformatit)n is available to obtsin a reliable estimats of the origlnal ¢ost of those irwn However. the Trustees are in the proce55 of obtsining a detailed current ÈSDmt¢d valuaiion. All stgnifin¢ item5 that have beeTr acquired by the EfidoThent Trust and the Trust since 31 Mareh 200S have been included in the accounts at their cos[ or estima¢¢d valuati(ffi at the time of the acqutsruon. 13. FIXED ASSET INVEsfMENTS Listed securities investments Tot•1 Grtsup and Conwany rnrk8t valuo At l April 2023 Additions Disposals Revalu2ti0ns MeMent on cash account 90.574 50.624 {141,987) 789 7.162 97.736 50,624 {141,9871 789 7,159 159 At 31 Mah 2024 14. STOCK Group and Co 2024 21123 liAished goods and g¢Jods flx resale 26.909 31.259 15. DEBTORS 21
tXTCHUNG MU > -UM OF ART + CRAFr (A company limlt¢d by guarantee) NOTES TO HE INANaAL STATEMENTS FOR THE EAR ENDED 31 MARCH 2024 Group and Co 2024 2023 Prepayments and accrued in¢ome 9.747 5.782 16. CREDITORS: Amour$ FALLING DUE wrrHiN ONE YEAR Grou and Co 2024 2023 Bank loaThs and gverdrafts Other trxtion ahd sorial sxurity Other creditors Accrna15 and deferred inc)rne 7.502 4.483 17.965 3,286 7.032 6.644 12.524 1.875 33.236 28.075 17. CREDrroRS: AMOUNTS FAWNG IXJE AFfER MORE THAN ONE YEAR Grou 2023 2024 2024 2023 Eank loans Endowment IfAn 647 8.149 647 229.047 8.149 229.047 047 8. 149 229.694 237.196 Creditors include amounts Thot repayable th•Tr 5 years 5 folltsv Grou 2024 2023 2024 2023 647 8.149 047 8.149 Th¢ bank ltxn is repardble by monthty in5ts1mfArt& The interett rx on the loan is 6.5% per anntsnL The loan is secured by a charge on th¢ prowty *yhTred by the Company. STATEMENT OF FUNDS
DITCHLING MUSEUM OF ART + CRAFr (A company limit by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Grou and Com 2024 2023 Prepayrnents and ¢rUed inc¢yne 9.747 S.782 16. CREDrroRS: AMOUNTS FAWNG DUE wrrHIN ONE YEAR Group and Conyany 2024 2023 Bank loans and overdrafts Other tsxation aThd sociil secumty Other creditor5 AccNa15 and dderred income 7.502 4.483 17,965 3.286 7.032 6.644 12.524 1.875 33.236 28.075 CREDITORS: AMouKfs FAWNG DUE AFTER MORE THAN ONE YEAR Grtsu 2023 2024 2024 2023 E4nk loans Endowment loan 647 &149 647 229.047 8.149 229.047 647 8.149 229,694 237.196 Creditors rnclude amounts not tholly ryayable NNithin 5 year5 as follows Grou 2023 Com 2Q24 2024 2023 647 8.149 647 8, 149 The bank loan is repayable by monthty in5ts1mentt Th interest r3t on the l(Tan Is 6.5% per nnum. Th¢ lo•n i¥ secured by a tharge on the propwty +)knTred by the Cthnpany. 1 & STATEMENT OF FUNDS
DITCHLING MUSEUM OF Airr + CRAFr (A company limltgd by guarantsè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMEMf OF FUNDS - CURRENT YEAR alanee ¥Jt l April 2023 Balan¢e at 31 March 2Q24 Transf¢vs ltylout Income Expendithre Gainsl Oossts) Unrestrlfted funds General fund5 737.810 268.468 700.630 Endowment fi•nds Endo¥*nent tntst Sacer endaen[kn 229.047 97.736 1.431 848 229,047 9.105 789 1.431 99.105 789 229 050 Restrlcted funds Fund l - Acquisitions Fund 2 Fund 3 fvnd4 Fund S Fund 6 Fund 7 Fund B Fund 9 FuThd 10 Fund I I Fnd 12 Fund 13 Fund 14 Fund IS Fund 16 Fund 17 Fund 18 Fund 19 3.875 3,177 8.630 1.367 2.600 3.S95 2.000 17.000 1.000 14,700 5.100 431 3.875 1.775 2,450 14.9521 111.080) P.961) Q,600) (3,5951 ,0001 594 10.000 27,000 (1.000) (14.700) {5.100) 1431) (3,700} {627) (6581 PS.961) (50.657) 14.8751 3.700 627 65,847 27,000 50.657 4.875 10,350 65.189 1,039 10,350 Sub total Capirxl devdopment fvnd 63,475 179.281 {135,897) 594 107.453 1.172.063 9.613 7,032 1.149.482 1.235 538 179.281 165.slo 7.626 1.256,935 Total of fund5 563.485 789 I186 615 STATEMENT OF FUNDS - PRIOR YEAR 23
DITCHLING MUSEUM OF ART + CRAFT IA company 1Smited by guarant••l NOTES TO THE FINANCIAL STATEIAEKrs FOR YEAR ENDED 31 MARCH 2024 Balance tIApril 2022 Balance at 31 March 2023 Tran%fers inlout Galnsl (losses) Incom Expendithre Unrestricted funds General fijnds 796 747 198 935 319903 737810 Endowmeht fund5 EndowThent trust Sackjer end¢)vrn*ntThj 229.¢H7 166.103 4.299 1.250 229.047 97,736 55.000 16.416 395.150 4.299 55.000 16,416 Restrlctsd funds Fund l Acquisitions Fund 21111 Fund 3 115) Fund 4 Fund 5 Fund 6 Fund 7 Fund 8 Fund 9 Fund 10 Fund I I Fund 12 Fund 13 Fund 14 Fund 20 Fund 21 Fund 22 Fund 23 Fund 24 Fund 25 Fund 26 Fund 27 Fund 28 Fund 29 3.875 15.973 3.875 3,177 8.630 1.367 2.600 3.595 2.000 17,000 1.000 14,700 5,100 431 (12.7961 113,4201 {6.633) 22,050 2.600 5.000 2,000 17.000 11.4051 14.700 5.100 431 3.7LTh) 47.705 11.500 13.700) {47.705) Q7,750} 15.7901 15001 (4,957) (7,880} (26,3011 14.7501 (4.151) (3,000) 16,250 5.790 500 5.000 7.880 26,301 4.750 4.151 3,000 13.626 (43} 13.626 431 Sub total Capitsl developwt fund 107.096 140.743 1170,7381 (13.626) 63.475 .195.081 9,613 6.595 1,172.063 1.302.177 140.743 IX).351 .031 1.235.538 Tot41 of fvnds 1494.074 343.977 521.504 16.416 1300.131 Rèstrl¢ted Funds 24
DITCHUNG MUSEUM OF ART + CRAFT (A company limrted by guardntse) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Fund l - Acquisiiions fijnd To contribute tr• a specific pr0zran¢ of acquisroon5 hr the museum colletD¢)n Fund 14 Natyonal Lotw Heriwè Fund (Brangwynl Fund$ 2 and 26 Towards the Hamada exhibltion, in¢ludingare5earth visrc trj Japah by the Dirttror Fund 15 MEND Arts Cthjncil MEND Capiul Grdnt Grant for 5pecffic e5sw)tial yairs to the building Fund 3 Arts CouThcil England Proj Fundlng frlamada) Fund 4 AIM TacWing Inequality Hallmark Avfdrd5 Fund 16 Arts Council England Projert Fundin¥ (Double Weave) Fund 17 National Lotw Heritsg¢ Fund Oncomt geTIOn proiettl Fund 18 Arr Fund Cornm10n Grnnr Fund S South Eas¢ Museum Devt for h0o1 pro1t Fund 6 Chalk Cliff Tnjst towards Signs of the Seaside hIbiti1)n. Fund 19 Trust donaiions towdrds Raymond Brigg5 ¢xhibition NJ programm Fund 7 SEMD Muwm Wide- EDI aciion plan devdopm•)r Fund 20 To explL>re the diff¥ent LG8TQ and disabiliy $rories af our penmnent cortiOn Fund 8 MEND Partnership for building renewdl project Fund 24 To supportthe Phase 2 DeYdcpmenE Plan Fund 9 Private donation for ¢)utreach Fund 25 Toward5 a lIdIng ReSee Ftsnd Fund 10 Arts Cguncil England - Dcrts CRF3 rebuih4ing r¢5erves Fund I I Rockerfeller PhlIanthrY kr treach aaivrty. Jnd 27 aore foundaiion Towards a bknded leaming proiect Fund 28 Towards the creation of learning resources for $chool$ linked to the &anKWyn exhibition hjnds 12. 21. 22, 23 For learning enwprise prtiixts Fund 29 Endo%Thent intyesE for use an programming tht William & MargarEt Rovding Gall Fund 13 For a whole school creaove proiecE 7*ith St Margar&s Primary. Dihling SUMMARY OF FUNDS- CURREKf YEAR 25
DITCHUNG MUSEUM OF ART + CRAFr (A company Ilmltsd by guaran) PIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2024 Btnc• at31 Mw¢h 2024 B•l•n¢• at l April 2023 Transfer5 inlout Gainil 00$5e5) Gmwal funds Endowment thjnds RKtricted fvnds 737.810 326.783 1.235,538 268.468 1.431 179.281 P97.124 91,479 199,1051 7.626 700.630 229.050 1.256.935 789 165.510 1300.131 63.485 789 2.186.615 SUMMARY OF FUNDS- PRIOR YEAft Trrfe 31 Mt7¥th 2023 2022 iknes) G•neral fijnds Endowment fvnd5 Resfficted fvnds 796.747 395.150 1301177 198.935 4,299 140.743 {319.903) (1.250) 00.351 62.031 (55.OOOJ .031 737.810 326.783 1235.538 (16.416) 2.494.074 343,977 (521.504) 110.4101 2.300.131 19. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Anyl¥ of N•t kn•ts Beew••D Funds - Curr•tht Y Total funds IQ24 fvnds 2024 nds 2024 nds 2024 (161,558) 5.734) 42.264 (7.5021 229.047 109,753 3.236} 64 Creditors du¢ wthin one year Crdltors du• in mor• on• Net aS5#ts bdore ffixed asxts Tan8ibl• fixed ai$eTS (187.292) 887.922 34.115 1.221820 229.047 75.870 2.110.742 700.430 22•.OS• 1186.615 An4lyils of N•t Assrts B•tw••n Funds - Prlor Y••r
rxTCHUNG MUSEUM OF ART + CRAFr (A ¢ompany Ilmited by guarants•) NOTES TO THE FINAP4CIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2024 Endowment funds 2032 fun& 2023 Totol fuTrd5 2023 2023 Current assets Creditors due one year Creditors due in more than one year (143.429) (2 1.043) 63.475 (7.0321 (8. 1491 229.047 149,093 128.0751 (8, 149) Net assets before fixed assas Tangible fixed assets Flxed asset inv¢strnents (164.472) 902.282 48.294 1.187.244 229.047 112,869 2.089.526 97. T36 97,736 737.810 1,235.538 326,783 2.300 131 20. PENSION COMMMIENTS The Group op4rnt¢5 a daned contribution pension s¢herne The assets of the scheme are held separately from those of the Grtyjp ITh an independendy adrninistered fiJnd. The pMsion cost charge represents contributions payab by the Group ¢0 the fund and amounted to £3,766 (2023.. £3.B121. C(ffiuibuiions toulling É1.024 (2023.. £6981 were payable to the fijnd at the bance Sheet da and are included in creditor 21. RELATED PARTY TRANSACnONS The Group has havj no tr4nsacTiCffl5 Trthh related parties during the year. 22. PRINCIPAL SUBSIDIARIES Subsldiary name Ditchlrn8 Muwjm Endovmnt Trust 290075 Charity registra0Th number B3sis of control Trnst agr*nent Totsl assets a5 at 31 March 2024 £229.047 Total liabilttses as at 31 March 2024 Ttxal funds as at 31 Matth 2024 £229.047 Gross income for the year mded 31 March 2024 Expenditure for th¢ year ended 31 Marth 2024 £Nil Net movement in frJnd5 for the year ended 31 March 2014 £Nil 27