Registered nurnber. 06670805 Charity number: 1126970 DrrcHLING MUSEUM OF ART + CRAFT {A compary limlted by zuav3ntee) TRU5TEES' REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DITCHLING MUSEUM OF ART + CRAFr IA Company limited by guarantee) CONTENTS Reference and Administration Deta0 of the Company. rts Trustees and AdserS Trustee5' Report Independent Examiner's Report to the Trustees of Dirthling Museum of Art & Craft Con501idated Statement of linanc121 Athits"es Summary Income and Expenditure Account 12 Consolidated ance Sheet Compary Balance Sheet Note$ & financi Statements 15
DITCHLING MUSEUM OF ART + CRAFT (A company Ilmlt¢d by guarnntee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COAIPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Preslden¢ Her Majesty Queen CamilP4 Patr0115 Mrs Jenny Kilbride Robert5 MBE DL Trustees Jo Me5. Chair Isilda Almeida Gavin Ambr05e Matthew Clayton Richard Doone Fthilippa Hob50n Ashley Knowle$ Dr Hope Wdf Charlotte Graham - appointed 19.09.24 Honorary Legal CounsÈl Lavinia de Nazelle Company Registration Number 06670805 Charlty Registered Number 1126970 Reglstered Office Lodge Hill Lane Ditchling. Hassocks West Sussex BN6 8SP Company Secretary Chadotte Graham Chief Execu¢lve Officer Stephanie ller Independent Examlner5 VMR Ander50n BA Hons FCA DChA Carpenter Box St Andrews Place Lewes. East Su$5ex BN7 IUP
DrrcHLING MUSEUM OF ART + CRAFT (A company Ilmhed by guarnnteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Bankers CAF Bank Ltd PO Box 289 Kings Hill West Malling Kent ME19 4TA Investment Advisers Canaccord Genuity Wealth Management 9 Floor 88 Wood Strerf London EC2V 7QR
DrrcHLING MUSEUM OF ART + CRAFT (A company Ilmiled by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Twstees present their annu rÈporr together the unaudi¢ed financial statements of Ditchliftg Museum of Art + Craft fthe Trust". 'the compan or the"MuseumJ for the period l April 2024 to 31 March 2025. The annual report and unaudited financial Staments comprise the consolidated results and financial position of the Company and the Dttchlin8 Museum Endowment TrusG wstered Char number 2975 (together 'the Group.). The Trustees confirm that the annual report and financial thtements of the Company compty the current statutory requirement5. the requirements of the company's governing document and the provisions of the Sutement of Recommended Prneute {SORP). applicable to charities preparing their accounts in accordance Yffih the nancIal Reporring Stsndard applicable in the UK and Republlc of Ireland (FRS 102) (effective l January 2015) as amended by Update Bulletin l (ekntve l January 2015). Since the Company and the Group qualify as small under section 383. the Strategic Report requlred of medium and large companies under the Companies Act 2CK)6 {Stfdte8ic Rep and Director's Report) Regulations 2013 is not required. PRINCIPAL ACTIVITY AND OBJECTIVES Ditchling Museum wa5 founded in 1985 byloanna and Hilary Bourne. It is hSed in a purpose-built award.winnlng building designed by Adam Rithards Architscts, which opened in 2011 The Museum hold5 a unique collection of work by many of the internarionalty known artists and crdftspeople who chose to make Ditchling their home from the earty 20th Century onward& including David Jones. Sir Frank Brangw. Edward Johnston. Eric Gill. Ethel Mairet and Charles Knight The purpose of the Company is to present rhe Story and hi5torid context of the artists and craft workers who lived and worked in Ditchlin8 and its surrounding communities since I91. Thi5 is to be achieved through the 2CqUlSltion, or8anisation. pre5ekwation. and interpretation of rekyant and related objects and infomRuon and their deployment for public display. research and learnin& Vision: Home of craf4 future of maknng. Mission: Engage: Inspire: Create To use the power of making improve people's INes with $ocialty driven proitcts and hands on opportunities to create. To be a hub for eng4ing with historic and contemFW makng for researchers and creative pra¢ritioners To be an inspirin$ enriching and inclu$Ne museum that pre5etves the ideas and work of Ditchlin¥s historic makers and uses them to explore contemporary issue
DITCHLING MUSEUM OF ART + CRAFT (A company limlted by guaranteo) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Chairperson's Summary 2024-25 The 2024-25 year has been one of exceptional achievement ft)r Ditchling Museum of Art + Craft. We delivered record-breaking visitor numbers, deepened our research and curatorial pracb"ce, expanded learning and communty engagement, and laid essential foundations for fttlure growth. These a¢complishmenls are testament to the hard work and dedication of our slaff. volunteers, trustees. partners, and supwrters. Objectives The past year marked a crrtical tr2nsFtson period as the museum began implementing a more sustainable operating model. This included the establishment of our trading ami and signthcant developments in both our reaming programme and our eamed commercial income streams. These steps form part of our long-lerm planning for an exciting and resilient future. The Board set the strategic direction early in the year, and the operational team in Ditchling began the detailed work needed to realise this vision. Much of the essential groundwork was laid during this financial year. Our key objectNe$ for 202ts25 were to: Strgngthen Income generation, with a particular fo¢us on comnwckql activtty and an expanded leaming programme. O•vglop stratsglc commercial partnernhips to support k)ng-temi sustainabilty. Advan¢e the plannlng and design for the redevelopment of the dye garden-an ambitK)u$ project scheduled for delivery in 20226. Grow national and Internatlonal awareness ofthe museum through high-profile exhibitions, paTticuiarty those with established follrywings. such as Raymond Briggs and Tadek Beutlich. Utlll$• the National Lottery Heritag¢ Fund grant to expk)re, deshjn, and test new rChandIse inspired,ty items from the museum's ahNe. Exhibitions and Collections Our major exhibition, Bloomln. Brilliantl The Life and bvork of Raymond Biiggs. opened in April and became the most successful exhibib.on the museum has ever hosted. Its mulb'-generational appeal brought an unprecedented number of first-th.me visitors and demnstrated our commitrnent to producing exhibitions that are both accessible and inlellectualty rich. radek Bèuttich.. On and Off the Loom. developed in parthership with the Emma Mason Gallery, was another significant achievement. The project generated new research, including the rediscovery of the history behind Dream Revealed, an important textile in our collects"on. Wrth the generous support of the Pilgrim Trust, the work
DITCHLING MUSEUM OF ART + CRAFT IA company limltèd by guarante¢ TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 underwent substantial Ccffiservatn, ensuring it5 kg-terrn preservath)n for fvtU display and study. We were proud to parts"cipate in The Sensational Museum pilot proiect, working alongside disabled and neurodivergent parb'cipants to c(pdevelop a multisensory display expkjring Ethel Mairet's Gospels, weaving, and natL¢ral dyeing. This collaboratsve work will feature in next yearfs colkction show and represents an important step in our commitment to inclusive, participatory practi*. We also undertook s thoughfful arKI challenging proJ&t in partnership with the mhOdISt Modem Art Collection and the Methodist Abusg Sur¥ivors Group, exploring how lo present and interpret the work of Eri Gill, a signrficant artist who was also a known child sexual abuser. This vital work has shaped plans for a co- curated display in 2025 that ntreS SUNNor voices and nThJdels ethical, transparent museum practice. Leaming and Communty Learning activity has grown signthcanty this year. The Raymond Briggs exhibition, in partular, attracted many new schools, with a substantial proportton retuming. Our wider education81 programme served home-schooling groups. k)eal youth organisatK)ns, and unNefstty cohorts, and we were pleased to conb'nue hosb.ng placement students from the Universty of Brighton's Museum StUds courses. Communication and Audience Development This year we welcomed 24,759 v18itors, the hvJhest number ever Orded by the museum. Audience satisfaction remained exceptionally high. with 90% rating thelr visit as "very good", and half of all visitors coming to the museum for the first tbme. Press coverage was strong and far-reaching. The RaYnnd Briggs exhibibon received national print and broadcast attents"on. while Tadek 8eutlKh eamed excellent covewe rosS the art press. Commercial and Enterprise Through the Heritage Compass programme. we developed a new Incomg Generation Strategy. which will guide and strengthen our Commercial a¢ts"vity from 2024-25 onwards. A multi-year grant from the National Lottery Heritage Fund supported the creation of unique new merchandise linked to the Double Weave exhibition. drawing on items in our collection. We look forward lo expanding this offer in future years. Building and Site Development We began detailed planning for the redevdopment of the museum dye garden. This ambitious project, which we intend to fvndraise for next year, will mark a signtficant milestone and align wrth the museum's 40th anniversary.
DITCHLING MUSEUM OF ART + CRAFT (A company Ilmitgd by guarnntefr) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Governance This year. we were delighted to weicome Dr Hope WO to the Board ofTrustees. Her expertise in research, curation, and cultural leadership will be invaluable as we ntinue to strengthen the museum's s¢holarfy and communty-facing work. We were equally pleased that Lavrnia de Nazelle joined us as Honorary Legal Counsel from Mi8h¢on de Reya, fvrther strengthening our long-stsnding relab"onship with this leading law fimi. Her guidance enhances the museum's govemanc8 and supports our long-terrn strategic planning. Conclusion As we look aheaj 10 202>26, we do so with some confideft. This year has demonstrated the museum's abilty to deliver bold, meaningful progrnme$ while expanding our audien, strengthening partnerships, and ensuring that our collections and storie5 remain relevant, acsible, and ethically presented. A realistic assessment shows us ending the year in a defici( attributed to a challenging year for grant fundraising. Several unsuccessful larger bids left us retying heavity on eamed income, which we had already Implemented. A note of caub.on is part of our ongoing dis¢ussions at the Board as we work through a challenging time in the charty sector. espe¢ialty in the arts. My sincere thanks go to everyone who has contributed lo this yearfs success and lo all who continue to support Ditchling Museum of Art + cra A particular mention and nc#J to the museum's Director. Stephanie Fuller, for her calm, measured, and responsive leadership. Joanna lJo} Myles Chair of the board of trustees. Business Review, Investment Policy and Reserves During the year the Trus¥5 consolidatd ffijnds decreased by £19,61512024: decre of £l13.5161. comprising Income of £576.87512024.' 1449.180}. expendiwre of £596.49012024.. £563.4851 and gwns on investment assets of nil12024: £789}- Consolidated re5er¥es carried forward at 31 March 2025 totslled £2.167.00012024: £2.186.6151. Ofthis afflount £690.395 (2024.. £700,630) is unrestricted. £229.04712024.. Q29.050) are Endowment Funits and the balance of £1.247.55812024.. £1.256,9351 is restricted. The restric fijnds at 31 March 2025 predominantly comprise the development funa of £1,127,37112024.. £1.149,482). which is primarily represented by the freehold property. The Trurtees have set a policy for inve5rJnent of the TrusV5 assets su¢h that available monie5 are invested to maximi5e the total return, whil$t ensuring that there is suffitient liquidw for short tern) cash flow requirements. The Tru5tee5 have establtshed the minimum level of unrestritted reserves that the Trust ought to have to cover operating costs 35 £60.000. Reserves are necessary to bridge the frjnding 8ap5 btheen Spending on exhibitions and other projects and receiving OUrCes. Reserve5 are a150 held to cover Fsle emer8enry repwryts to the prOry and other expenditurR.
DrrcHLING MUSEUM OF ART + CRAFr (A company Ilmited by guarante•) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 202S During the current trading year, the museum f finan¢ial challenges. Fir51, several of our fundraising applications were delayed or unsuccessful. This meant that we were more reliant on visrtor income to COV8r exhibition and overhead costs in an already challenging post-COVID trading environment. We were fortunate that the Raymond Briggs exhibition was hvJhly successfvl. mitigating lower grant income, though not entirely. The Board of Tnjstees have taken these speejk actions.. 1. Increase Ilnanclal over5igM: The Finan and Income Generation Committee IFIGCI will now meet monthly to monitor perfomiance and prompty flag any ernerging issues to the Board. 2. Strengthen cash rgseN¢s: The Board approved a drawdown of invested funds to close the financial gap and ensure the rnuseum could continue to operate wth appropriate liquidity. Both the FIGC and the fvll Board are maintsining close. continuous oversight of the srtuation. l am pleased to report that the first-quarter Ults for 202>2026 indicate a strong recovery. Visrtor numbers and earned income are $ignth¢antly higher than last year. and we remain on track lo deliver a surplus by year- end. The Board continues to priorSe building the museum's reserves lo a level that l)oth reasonable and Sustainable for the organisation's long-temi resilience. The majority of the Trusfg unrestn.cted reserves of £690.395 at 31 March 202512024." £700,630) are represented by the propety and other tangible assets. STRUCTURE, GOVERNANCE AND MANAGEMEpir Trustees The Trustees, who are also directors for the purFJse of ¢ompany Lqw. and who served during the year were.. Jo Myles, Interim Chair (confirmed as Chair June 20251 Isilda Almeida Gavin Ambrose Matthew Clayton Brian Cohen Iresigned 13 March 2025 } Richard Doone {appoinled 13 Mareh 2025) Robert Griffiths Iresigned 21 September 2024 Philippa Hobson Ashley Kn¢)wles Prof. Carol Watts, Chair Iresoned 9 August 2024) Dr Hope Wolf {appointed 19 September 2024) Amanda Groy (resigned as Hon Legal Counsel 13th March 20251 Lavinia de Nazelle {appointed Hon Legal Counsel June 2025) Appointm•nt of Trustges Trustees and their terrns of office are rewnmended to the members of the Board of Trustees rthe Board"}. All appointments and reappointments must be approved in advance by the members erther in general meeting or in writing. Govemlng Document Ditchling Museum of Art + Craft is a company limited by guarantee govemed by rls Memorandum and Articles of Asswation dated 21 Juty 2008. 11 is registered as a charrty wth the Chanty Commissi)n (Charity No. 11269701.
DITCHLING MLISEUM OF ART + CRAFr IA company Ilmited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Ik8bility of members in the event of a wnding up is limited by guarantee to an amount not exceeding £1 per member. The Trustwas established lo tske overthe vwner5hip and management of Ditchling Museum from the Endowment Trust under which the Museum had operated Sin it was founded in 1985. The Endovnr*nl Trust tainS the core investrnent porttolio which is Subject to the temis of a new governing document or .heMe. approved by the Charity Commissioners in 2011. All income received from endowment assets inures to the benefft of tlitchling Museum Trust and is transferred in cash on receipt Trustees. Inductlon and Trnlnlng New Trustees are briefed on their al obligations under charty and company law. the content of the Memorandum and Articles ofAssociats"on. the business and ffinan of the Trust the Museum Business Plan and all Museum policy documents. Management The business of the Tnjst is managed by the Board who meet at knt four times per year. The number ofTrustee$ must be a minimum ofthree and a maximum of fifteen. en Tnjstees retire. applications are sought through open call, and nominations are sought froin existing Trustees and Museum staff for their replacement. They are appointed at any of the ft)ur Trustees meeb.ngs during the year. The day-to-day running of Ihe Museum is delegated to a fvll-time Director, Stephanie Fuller. She is assisted by a fijll-time Collection and Buildings Officer, part-time Commercial Manager, part b'me Visitor Services Manager, two part-lime Visitor Services Assistants., a part-tirre CommuniGations Manager, part-ts'me Digital Cowordinalor. part- me Learning Ctrordinator and a part lime P The muse4Jm also run$ an exlensrve volunteer programme and hosts intemships and offers work experience opportunities. The Trust annually reviews its risk managemant prcKesses to ensure that il is up to date and that procedures are lty understood by all concemed. for nior Staff The TnJ$tees consider that they and the person responsib for the day to day management of the Trust comprise the key management personnel of the Trust in charge of directing, controlling, running and operating the Trust on a day to day basis. All Trustees give their time freety and no Trustee received remuneration in the year. Details of Trustee expenses are disclosed in note 11 to the accounts. The pay of the senior staff is reviewed annually. FUTURE PLANS The Board's focus is income generation, ensuring financial resilience through balancing both commercial and charitable income. Commercial income generation will be supported by the establishment of a Trading Ami from April 2025. We will launch fundraising for the development of the Joanna Boume Dye Garden in this our40th year since the foundab.on of the museum by Hilary and Joanna Boume. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are ajso direttors of Ditchling Museum of Art + Craftfor the purposes of company law) are responsible for preparing the Tru5tees' AnnuaE Report and the firtancial statements in accordance with applicable law and United
DITCHUNG MUSEUPA OF ART + CRAFr IA comp•ny limited by guarantse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Kingdom Accounting Standar& {United Kingdom Generally Accepted Accounting Prydetite). Company law require5 the Trustees to prepare financial statements for each finanaal year, which give a true and fair view of the ttate of aff&r5 of the chariuble company and of the incoming resources and application of resources. induding the income and expenditure. of the d)aritable company for that Per1. In preparing these financial sratements. the Trustees are required to.. select suitsble accounting policies and then aPY them consintly.. observe the methods an¢J principles in the Chariiie5 SORP 2015 IFRS 102). make ju¢J8ements and estimates that are reasonable and prude State whether applicable UK Accounting Standards have been followed subjett to any material departure5 disclosed and explained in the financi statements: prepare the financial statements on the going concern basis unless it 15 inappropriate to presumÈ that the charitable company will continue in operation. The Truste are responsible for keeping adequate acc(MJniing record5 that disd05e with reasonable accuracy at any ome the financial posiuon of the charitable Company and *)able thern to ensure that the financial sratements comply with the Companies Act 2(KJ6. They are also responsible for safeguarding the asseu of the charirable company and hence for tsking reasonable steps for the prevention and detection of frnid and other irregularities. SMALL COMPANY EXEMPTIONS The aboye report has been prepared in accordance with the Pro$10n$ of the Companies Art 2006 applicable to companies subject to the small companies. wme. This report was approved by the Trustees on and signed on their behalf by.. lo Myles Chalr •0Oidlllld
DITCHLING MUSEUM OF ART + CRAFT (A company Ilmlted by guardnteel INDEPENDENT EXAMINER'S, REPORT TO THE TRUSTEES OF DITCHLING MUSEUM OF ART + CRAFr FOR THE YEAR ENDED 31 PIARCH 2025 I report on the rtnancial statsments of the chwity for the year ended 31 March 202S. whth are set out ort pages I I to 29. Responsibilities arml basis of report As the £hariWs true$ ol the company land $0 rts directors for the purp05e5 of company law) you are responsible for the preparnuon ofthe accounts in accordance wrth the requirements of the Companies Att 2006 ('the 21XJ6 A&1. Havin8 Satisfied myself that the accounts of the company are n¢x wuired to be audi under Part 16 of the 2006 Act 2nd are ¢ligible for independent examination. I report in r¢spect of my examination of your chariws atcounts a5 carried out under section 145 of the Charities Act 2011 (the'201 l Acr'l. In czrrying out my examination I have followed the Directyons 'ven by the Charity C¢)mmission under settion 14515)Ib) of the 2011 ACL Independent examlnerfs report Since your chariry's gr05s income exceeded £250.OC¥) your examiner nwJsi be a mernber of 2 listed body. I can confimi that l am qualified to undertake the examination because l am a registered member of the Insti¢ute of Chartered Accountants in England 2nd Wak5 which i* one of the listed bodie I have completed rny ex2mination. I confirm that no matters have c¢)me to my attention in Connection with the examination gtving me cause to believe.. accounting records were not kept in respett of the company as required by Section 386 of the 2¢))6 Ac( or (2) the accounts do not accord with those ac(Jntin2 records: or (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Att other than any requirement that the ¥counts give a trne and f&rf view which is not a matter considered a5 Part of an independent examination: or (4) the accounts have not been prepared in accordaneè with the methots and principles of the Statement of Recommended practice for accounting and reporring by charityes applicable to charitie5 preparing their accounts in accordance with the Finanaal Rwrtfing Standard applicable In the UK and Republic of Ireland (FRS 1021. I have no concerns and have come acro no other matters in connection with the examination to which attenrJon should be drawn in this report in or(ler to enable * proper understandift8 of the accounts ro be reached. Vittoria Anderwn BA (Honsl FCA DChA Chartered Accountant Carpenter Box 2 St Andrews ace Lewe& East SUS$ BN7 1 UP 10
DITCHLING MUSEUM OF ART + CRA (A company limited by guarants•l CONSOLIDATED STATEMEFrr OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restrirted Endowment funds funds funds 2025 202S 2025 Total fvnds 2025 Totol fvnds 2024 Note Income and endowrnènts from: Donayons and grants 70,494 120,159 190,653 247.848 Charitable activitie5 210. 210. 94.014 Other tradin¥ activities 174526 174.526 104.432 Investments 1.216 1,216 1886 Total income and endowments 456.716 120.159 576,875 449.180 Expenditure on: Raising fund5 168.706 24.669 193.375 165,427 Charitable a¢tiviue5 6,7,8 284,349 118.766 403,115 398.058 Total expendlturè 453 055 143 435 596 490 563.485 Net incomel(èxpendlture) before Investment 8ainsl{losses) 3,661 <23.276> {19,61S} (114.3051 Net 8ain51110sse$l on Ie$entS 789 Net incomel(expendlture) bre transfer5 3.661 (23.276) (19.615) {113516} Transfers between Fund¥ 18 13.896 13099 NET MOVEMENT IN FUNDS (10.235) (9,377) (3) (19,615) (113.5161 RECONCIUATION OF FUNDS Total ndS brought forward 7fy).630 1.25&935 229.050 2.186.61S 2JOO.131 TOTAL FUNDS CARRIED FORWARD 690,395 .247.558 229.047 1167.000 2.186,615 The notes on pages 1 S to 29 fom part ofthese financi ststement& 11
DITCHLING MUSEUM OF ART + CRAFT {A Company Ilmltod by guarantee) SUMMARY INCOME AND EXPENDrruRE ACCOUNT Excluding Endowment Funds FOR THE YEAR ENDED 31 PIARCH 2025 Unrestrlrted Restricted nds funds 2025 2025 Totol fvnd5 2025 Total funds 2024 Gross in¢ome in the reporting period 456.716 120.159 576075 447.749 Less.. Total expendiwre 453.055 143.435 596,490 562.637 Net intomel(expnditure) fijr year before transfers 3.661 (23,276) (19.615) (114,888) Transfers beeen fund5 18 13,896 13099 Net intomel{expènditure) for the financial year 9,377 15.783 12
DrrcHLING PAUSEUM OF ART + CRAFT (A company limlted by guarantee- Registered Number 06670805) CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 Fixed assets Tangible assets Investments 12 1095,303 2.110,742 2,095.303 Current 495ets Stotk Debtors Cash in hand 2.110.745 14 15 30.998 9.667 50593 29.609 9.747 70.397 91.258 109.753 Creditors: amounts falling due wlthin one year 16 33.236 76.517 Total assets lè$5 current liabilities 1167.000 2.187.262 cr•ditO amounts falling due after more than one ytsr 647 Net aet$ 2 167.01)0 1186.615 Charity funds Endowment funds Re5trirtetJ fund5 Unrestricted funds 18 18 18 229.047 1.247.558 690.395 229,050 1,256,935 700.630 Total Fund5 2 167000 2,186.615 The Group's financial sratements have been prepared in accordance with the provisions app1&ble to companies subject to the snull companies. regime. TheTru5tees consider thatthe Grtyjp is entitled to exemption from the requirementto have an audit under the provi510llS of sectyon 477 of the Companies Act 2C(J6 fthe Attl and members of the Company have not required the Group to obtaln an audit for the year in question in ¥cordante with section 476 of the ACL The Trustees ad(nowled8e their responsibilities for comptying the requirements of the Att wtth respect to accounDng records and the preparation of finanoal statement The financial statemeftts were approved and authorised for issue by the Trustees on signed on their behalf br. 24)1 Jo Myle5 The note5 on pages 15 to 29 forni rt of these financial s¢atement& 13
DifcHLING MUSEUPIt OF ART + CRAFT IA company limited by guarnntse- Reglstered Number 066708051 COMPANY BALANCE SHEEr AS AT 31 MARCH 2025 Note 2025 2024 Fixed assets Tangible assets Investments 12 1095.303 2,110,742 095,303 Current assets Stock Debtors Cash in hand ZIIO,745 30.998 9.667 50.593 29,609 9.747 70.397 15 91.258 109.753 Creditors: amounts falling due within onè year 16 76517 Total assets less current liabilitses 1167,OIKI 2.187262 Creditor&' amounts falling duè after more than one year 17 229.04 229.694 Net assets 937.953 1,957,568 Charlty funds Endowment funds Restricted fvnds Unrestricted funds 1.247.558 690.395 1,256.935 700.630 Total Funds 1.937.953 1.957568 The Company'5 finanetal statements have been prepared in accordance WiEh the PrO$10n$ appllcable to tompanies subject to the small companie5. regrme. The Trustees consider that the Company rs entrtled to exemption from the requirèment to have an audit under the provisions of sectyon 477 of the Companies Att 20061.the Actl 2nd members have not requsred the Company to gbtain an audit for the year rn question in accordance with sèction 476 of the ACL The Tru5tee$ ack[wledge their responsibilitks for cOmp1ng with the requirements of th¢ A¢r with re5pett to accounting record5 and the prew4tion offin31 statements. The financial statements were approved and authorised for Ie by the Tru•$ on on their b¢half, by. 11 2D>f an¢J signed Jo Myle5 The notes on page$ 15 to 29 fomi part of these financial s¢atonents. 14
DrrcHLING MUSEUPA OF ART + CRAFT IA company limited by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparation of financial statements The flnantial sratements have been prepared in accordance with Accoyniing and Reporting by Charities". Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 2nd Republic of Ire12nd {FRS 1021 (effective I january 2015) {Charities SORP IFRS 10211. the linancial Reporting Standanl applxable in the UK and Republic of Ireland (FRS 102) and the Companies Att 2006. Ditchling Museum of Art + Craft fthe Trust. or'the Companyl meets the definition of2 public beneft entity under FRS 101 Assets and liabilities are initsalty recognised at historical cos¢ or trafisacrion rdlue unless otherwise srated in the relevant accounting Fx)licy. The Statement of linancrdl Acts¥iDes {SOFA) and Balance Sheet con501idate the financial statements of the Company and the Endowment TrusL The results of the Endowment Trusr are consolidated on a line by line basi5. 1.2 Company Status The Company is a company limited by guarantee. The members of the Company are the Truse$ named on page l. In the event of the Company being wovnd up. the IAbility in respect of the guarantee is limited to £ I per member of the Company. 1.3 Going Concern The finanth 5tatement5 have been prepared )n a going concern basts as the Trustees believe that no material uncertainties exi5L The Trustees have considered the level of fijnds held and the expected level of income and expenditure for 12 month5 from authorising these financial strternents. The budgeted income and expendiwre 15 suffldent the level of reserve5 for the charity to be able to conunue as a going toncem. 1.4 Intome AJI income 55 recognised once the Company has entitlement to the incom@ it 15 probable that the kncome will be received and the amount of income receivabte can be measured reliably. Gifts In kind donated for distribution are induded at valuation and recwised as incomÈ when they are dlstributed to the prolect5. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Company where this can be quantified and • third party is bearing the COSL No amounts are induded in the finaftcial statements for 5er¥ices donaod by volunteers. Donated seNces or facilitles are recogni5ed when the Cornpany h•$ control over the iom. any condition5 associated with the donated item have been meL the reCpt of econom4c benefir from the use of the Company of the item is probable and that economic benefrt can be measvred reliably. In accordance with the Charityes SORP IFRS 102), the general volunteer time of the Friend5 is not recognised and refer to the Tru5tees' report for more information about their contrtbution. On receipc donated Profession ser¥itt5 and don3ted knlities are recwused on the basi5 of the value of the gTrft to the Company whtth is the amount the Company would have been wlling to pay w ob 5er¥ices or facillties of equidlent econornic benefit on the open wrrarke¢ a torrespondins amount is then recognised in expenditure in the period of receipL Incon7e tax recovèrable in relation to donations receNed under Gift Aid or deed5 of covenant 1$ recognised at the me ofthe donation. 15
DITCHLING MUSEUM OF ART + CRAF[ (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 1.5 Expendityre Expendityre is recobmised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in 5ettJement and the amount of the obligation can be measured reliably. Expenditure is classified by actyvity. The costs of each activity are made up of the total of direct Costs and shared costs. including support Costs invofved in undertaknng each acuvity. Dirett COSts attributable to a single aCtity are lOCated directty ro that actsviw. Shared costs which tontribute to more than one activity and support costs which are not attributable to a $in8le activity are apportioned between those activitses on a basi5 consistrnt with the use of resource5. Central sraff costs are allocated on the basis of time speni and depreaation charges alboted on the ptirwi ofthÈ assevs use. Fundrwsing costs are those incurred in seeking ¥olunory contr11tionS and do not include the costs of disseminating infomiation in 5UPPOrt of the charitable attiviues. Support Costs are those costs incurred direcdy in support of expenditure on the obiects of the Company and include proiett management carried out ar Headquarters. Governance costs are those incurred in connecuon wrth administration of the company and compliance with constitirthjnal and statytory requiremen¢ Costs of generating funds are costs Incurred i) attracting volunttry incomq and those incurred in trading acuvities that raise fijnds. Charitable activities and govemance costs are costs incurred on the Companls edueational operations. including support costs and costs relating to the goyernance of the Company apport40ned to tharitable atti¥itse5. The Tnjtt operates a partmj exemption seheme for VAT purposes and the iecoverable input VAT is shown separately a5 an expense within other expenditure. 1.6 Basls of consolidation The financiql statement5 conKAidate the atcounts of Ditchling Musum of Art + Craft and all of its Subsidiary underraking5 ("subsidiarie5" together'the Group). The Company has taken atjvantage ofthe exemption contaned within 408 ofthe Compan*$ Att 2006 notto present its own Income and expendtture acccMJnL The income and expenditsJre account for the year dealt with in the accounts of the Company was net expenditure of £19.615 (2024: net expenditure of £l11516)- 1.7 Tangible fixed assets and depreciatlon All acquisitKJn assets are ¢aF¥ISed. All other assets costing more than £1.[ are ¢apitalised. Herithge assets comprise the collection of artefrdtts and exhibits that are held by the TNSL Such assets that were aequired by the Endowment Trust prior to March 2(M)5 are not inclutjed as capital item5 in the accoun Tawble fixed assets are carried at cos( ne¢ of depreciaoon and any pro510n for impairmenL Depreciation is pro¥id¢d at rates ce13ted to write off the cost of fixed a$5e& less their e5tirnatetJ residual over their experted useful Irves on the folbwing bases: Frethold property- straight line over 50 years Fixtures and fittings- xrw8ht line over 5 years Musèum collection- n¢X depreciated
DrrcHLING MUSEUM OF ART + CRAFr IA company limited by guardnlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.8 Investrnents Fixed asset investments are 2 fom) of financial instrnment and a initially recognised at their transaction cost and subsequendy measured at fair Ydlue at the Balance Sheet ¢Jat4 unless fair ut cannot be measured reliably in which case it 15 measured at eost less impairnienL Investsnentpns and losses whether realised or unrealised. are combined and shown in the heading 'Gn5/{lOs$e$) on invests))ents' in the Statement of Financial Actyvities. 1.9 Interést recelvable Interest on funds held on deposit is included when receable and the amount Can be measured reltablx by the Compafty,. this is nornilY upon notification of the interest paid or payabk by the bank 1.10 Opernting leases Rentals under operating Jea5es are tharged to the Statement of finanaal Activities on a Straight-line basi5 over the lease tsrm 1.1 I Stock5 Stocks are valued at the lower of Cost and nèt realisable Trrnlue after mthng due allowance for Obs0k and sIow4mOVtng 5tockn Cost indudes all direct Costs and an approprAtr proportion of frxed and variable overheads. 1.12 Debtors Trade and other debtors are recOlSe xt the settlement amount after any trade discount offered. Prepayments are valued at the amount pryd ne¢ ol any trade discounts du 1.13 Cash at bank and In hand Cash at bank and in hand include5 cash and short trrm hi#)ly liquid investments wtth a 5hor¢ maturity of ¢hree rnonths or less from the date of ¥qUiSition or opening of the deposit or milar actount 1.14 Liabllities and pro¥lsions Liabilities are recogni5ed vthen there i5 an obligation atthe Balance shL date as a re5ultof a past eveTr( it 15 probable that a transfer of economic benefitwll be required in settlemen¢ 2ntJ the amouni ofthe settjement can be estimated reli*Jty. Liabilitie5 are recognised at the amount that the compa antiupates it will pay to settle the debt or the arnount it has re(Ved as ad¥anced payments for the goo& or services r( must provide. Provisions are me2$ud at the best estimate of the amount5 required to settle the obli8ation. Where the effect of the time value of money is material. the provision is based the present value of those amounts discountrd at the pre-tsx discount rate that refiecE5 the risks Specific to the liability. The unwinding of the discount is recognised wrthin intsrest payable and slmilar charg 1.15 Flnartcial instruments The Company onty has fintinc1 assets and financial liabilrties of a kind that9uty as basic financial instruments. Basic finan¢ial instruments are recognised at transaction Yalue and subsequendy measured at their setdement value with the exception of bank loans which are sub5ewentty measured at amornsed cost using the effec¢Ne interest metho 1.16 Taxation The Company is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore 17
DITCHLING MUSELIM OF ART + CRA IA company limited by guaranleo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 it meets the definiDon of a charitable company for UK corporation tsx purposes. Accordingty. the Company 15 poontialty exempt from tsxation in respert of income or caprol gains receivetj within categories covered by Chaptsr 3 Part I l of the Corporation Tax Act 2010 or Seeuon 256 of the T2xation of Charyeable Gft$ Att 1992. to the ex¢ent that suth income or gwns are applaed exclusively to charitable purpow. 1.17 Penslons The Company operates a defined contribution pension 5chem¢ and the pension tharge represents the amounts payable by the Cornpany to the fijnd in respect of the year. 1.18 Fund accountlng Gene fund5 are unrestricted fvnds which are awwlable for use at the discretion of the Trustees in fijrtherance of the generdl objective5 of the Company and whith have not been des¢gna(ed for other wrp)ses. Restrirted funds are funds which a to be used in accordance WFth spectk re5rrbrtions imposed by donor$ or which have been rrised by the Company for particular purposes. The costs of rri5ing and administering such fund5 are charged against the specific fund The aim and use of each restricted fund is set ou¢ in the notes to the financial statements. Investmenr incom< gdirs and losses art lOCated to the approprmo fund. 1.19 Critical accountlng e5tlmates and areas of il£ement Estimates and jud8menty are continuty ewaluated and are based on historical experience and other factor& including expectations of future events that are believed to be reasonable under the orcumstances Critical accounting ¢5timates and assumptio The Company make$ estimate5 and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the relaTrd actual wults. The Éstsmate5 and assumptions that have a syificant risk of causing a matrrial adjustment to the arrying amounts of ass and liabilrtles within the next financial year are discussed below. Critical area5 of judgment Depreciation: The Company exercises ludgement to detern)Ine usefijl INes and residual value5 of property, plant and equipment The a55ets are depreclatrd down to their rdUal Y41ues over their esumated useful lives. INCOME FROM DONATIONS AND GRANTS Unrestrlrted R¢•trirted Endowment funds funds funds 2025 2025 2025 Totol fvnds 2024 funds 2025 Donations and grants 120.159 190 653 Total 2024 72.267 175J81 247.848 18
DCHLING MUSEUM OF ART + CRAFT (A company limtted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHAIIITABLE ACTIVITIES Total ds 2025 funds 2025 Total fvnds 2024 nds 2015 fund5 2025 yOr5 Education incom• 175.847 34.633 175.847 34,633 55.082 38.932 210480 210480 94.014 Totol 2024 90J14 3.700 94.014 TRADING ACTIVITIES Total funds 2025 Totol fvnds 2024 funds 2025 fund5 2025 funds 2025 Charity tradlng income Sajes Café Venue htre 128.234 43.481 1811 128,234 43.481 1811 78.509 24.478 1.445 174.526 174.526 104.432 Fundraising trading penseS Fundraislng Marketing and development Café purcha5e5 Cost of saies Trainin& travel and recrurunent Investment mana8ement fees Genernl office costs Support costs 1.200 129 20.262 65066 336 1804 15,408 20.262 73,652 336 6,263 18.878 13,672 48.054 573 848 7.264 69,875 1 S.279 8.434 71479 8.434 71479 193 37S 165,427 Net expenditure from tradin8 activities 24.669 18,849 60.995 19
DITCHLING MUSEUM OF ART + CRAFT {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME Total funds 2025 TottTI funds 2024 funds 2025 funds 2025 funds 2025 Interest and dividends 1.216 Total 2024 1.455 1.431 2.886 DIRECT COSTS Charitable artivities 2025 Total 2025 Total 2024 Schoo15 proietts Exhibition expanses Premises costs Bank & credit card charges Bank loan interert Irrecoverable VAT Sundry expense5 Staff costs Depreciarion 15.227 40.720 15,227 40.no 8&460 639 23.374 62,004 82.391 409 780 17.433 276 113.389 44,631 639 &171 8,171 129,162 45.592 129,162 45.592 328.370 328,370 344.687 SUPPORT COSTS Charitable activities Total 2025 Totol 2024 2025 Gener office costs Travel Trainin& conferences. recruitment Support Costs - wage5 and salaries 11251 305 11251 30S 10.381 238 414 10.000 14.356 14,356 26,989 21,033 20
DITCHUNG MUSEUM OF ART + CRAFT (A company limited by guaranteel NOTES TO THE FINANCNL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GOVERNANCE COSTS Unrestrlcted funds 2025 Restrlcted funds 2025 Total funds 202S Total funds 2024 Independent examiners, remuneratron Accountancy services Legal and other Profession fees Training and trnvel costs Generdl offiee costs Governance expense- wages and salaries 1,875 24,987 1494 1.875 25.073 13.518 1.675 23.846 166 79 990 5,582 11.024 1,150 6.094 i.lso 6,094 36.646 32.338 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Other Total 2025 Totol 2024 2025 2025 2025 Expenditure on fijndrsln8 trnding Expenditure on investment management 71815 120360 193,375 164,579 848 Costs of 8Ènernting funds 72,815 120.560 193,375 165.427 Direct COSts- charittble atti*ties Expenditure on governance 129.162 6.140 45392 180.605 41.616 355.359 47.756 365,720 32.338 208117 45.592 342.781 596 490 563,485 Total 2024 189.498 44.631 329.356 563.485 STAFF COSTS Staff costs were as folFows: 2025 2Q24 Wages and sa12rles Social security co Other pension tosts 205.638 10.983 4.162 183.921 9.447 3.766 220 783 197.134 21
DCHLING MUSEUM OF ART + CRAFr (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The average number of persons employed by the GThpany during the year vras as follow5." 2025 2024 Charirable activirx No employee received remunerdtion amoLFnting to more than 160.0fy) in etther year. The aggregate remuneration of key man4ement personnel who comprise the Trustees and Chief Exeeutive Officer was £49.35012024: 149.350). TRUSTEES, REMUNERATION No emoluments were paid by the Company to any Trustees during the year (2024.. £niD. No business expenses werè reimbursed to Trustees during the year12024: £nill. 12. TANGIBLE FIXED ASSETS Freehold FIx¢ures and property fittings Museum tollectlor Total Group and Company Cost At l April 2024 Addition5 1239.420 30.153 51.323 345,955 1636.698 30.153 At 31 March 2025 269 573 51.323 345 955 2 666.851 Deprnciation At l April 2024 Charge for the year 476.138 45.090 49,818 502 525,956 45,592 At 31 March 2025 521.228 571548 Net book value At 31 Marth 2025 1748 345 1,003 345 955 2 095 303 At 31 Morth 2024 1.763.282 1505 345.955 2 110.742 The freehold propery. ftxDJres and ffittings and the Museum collection were transferred to the Tru5¢ from the Endowment Trust on 22 March 2010 at the ¥ve recorded in the Endowment Trnst Subsequently thè freehold property was re-valued accordin8 to a valuation for insurance purposes. 22
DITCHLING MUSEUM OF ART + CRAFT (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The areas of parricular Strength thin the Trust's collectM)n are as folk)ws: Collection ofworks of internat10n importante made by Eric Gill and the craftsrnen of the Guild of SL joseph & SL Dominie and aMocIat including silverwork sculpwre. swnewort wood carving. engrawn& weaving, printing and lettering Works by David Jones including'madonna and Child in the Landscape. Colltttion of fir arr by Dit¢hling artists induding a large colleCt)n of oils by Louis Ginnett Larye collection 01va¥Ing by Ethd Mairet and Hilary Bourne Representative collection of works of Calligraphy and lettemg by Edward johnston The Stanhope Press used by St Dominic's Pw and a eomprehensfve collettion of work by SL Dominic's Pre55 and DthlIng PrS including pamphlet& label& ¢ard5 and posters. Eyan Gill collectyon.. a comprehensive cdlection of works (books wrre5pondenc< juvenili4 ephemeral by Eric Gill St Dominic's Pre$5 books annotated by hi5 brother E. The value of the museum collectyon as at 31 March 2025 ha5 not been induded in these accounts as insufficient information is available to obtrin a reliable esomatr of the original cost of those i5. However. the Tnjstees are in the process of obtsining a detailed current estimated valuath)n. All signiftcant items that have beèn acquired by the Endowment Trust and the Trust since 31 Marth 2005 have been included in the accounts at their cost or estinmted fdluation at the time of the acquisition. FIXED ASSEf INVEsfMENTS Listed securltles Other Investments Total Group and Company market value At l April 2024 Movement on cash acci)unt At 31 Marth 2025 14. STOCK Grou 2025 and Com 2024 ntshed good5 and goods for resale 23
DITCHLING MUSEUM OF ART + CRAFT (A company limited by guarantsfrl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS Grou 2025 and Com 2024 Prepayments and accrued income Other debtors 4J97 5270 9.747 9,667 9.747 16. CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR and Com 2025 2024 Bank loans and overdraft5 Other taxation and Soci security Other creditor5 Accru5 and deferred income 647 1.710 13.096 4,108 7.502 4.483 17.965 3.286 19.561 33,236 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR Gro 2024 Com 2025 2025 2024 Bank loans Endowment loan 047 229.047 229,047 229 047 229.694 Credi¢or5 include amounts not wholly repayable within 5 yews a5 follows 2025 2024 2025 2024 647 The bank loan is repayable by monthly inrnen The in*rest rate on the loan is 63% per annum. The Ioaft is seoJred by a charge on the property owned by the Company. 24
DITCHLING MUSEUM OF ART + CRAFT (A company1Smit¢d by guarantee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 IIARCH 2025 18. STATEMEMf OF FUNDS STATEMENT OF FUNDS- CURREKf YEAR at l April 2024 Balance at 31 March 2025 Galn (los$es) Iorne Expendlture inlout Unrestricted funds Generdl funds YOO 630 456 716 453 055 690.395 Endowmènt funds Endowment trus[ Sacer endowment lund 229.047 229.047 229 050 229 047 Restrlrted funds Fund l Acquisitions Fund 2{151 Fund3{81 FuntJ4{13) Fund 5116) Fund 6117) Fund 71181 Fund8{191 3.875 65,189 27.(*XI 1.039 3,875 66,993 24730 3.IS3 (1.3491 (2701 (4.039) 61289 1.625 3.5fAI {61289) {1.6251 (13.8501 IOJ50 Fund 9 (newl Fund 10 Fund I I 4.874 19.2LX) 21518 7431 {25597) 1131 6.397 20,458 Sub total Capital development fund 107.453 120.159 (113M221 4397 120.187 1.149.482 9.613 7,502 ,127.371 1.256 935 120 159 143 435 13.899 1247 558 Total of funds 2 186.615 576.87S 596 490 2 167 000 25
DITCHLING PIJUSEUM OF ART + CRAFT IA company limlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FUNDS- PRIOR YEAR Balance at l April 2023 Balan¢e at 3 1 March 2024 Transfers Inlout Gainsl Oosses) lttcome ExpendIre Unrertrlctsd funds General lunds 737810 91.479 700 630 Endowment funds Endowmenr twst Sackler endowment fvnd 229.047 97.736 1.431 229.047 99.105 326.783 789 229 050 Rertricted fvnds Fund l - Acquisitions Fund 2 Fund 3 Fund 4 Fur5d 5 Fund 6 Fund 7 Fund 8 Fund 12 Fund 13 Fund 14 Fund 15 Fund 16 Fund 17 Fursd 18 Fund 19 Fund 20 Fund21 Fund 22 3075 65.847 10.1 3.7(M) 27.c) 50.657 4.875 10.350 1.77S 14SO 3.875 65.189 27.000 17.otxi (6581 13.71x1) 125.961) 150.65TJ (40751 1.039 3.177 8.630 1.367 10.350 (4,952) 11 l.tX)) 13,961) {2.6CQI {33951 co)) 1627) 11.cw) {14.7CKI) {5.ICQ} 431 594 3.S95 627 14.71Kl 5.1 431 Sub total Capiral development (und 63.475 179.281 (135.897) 594 107.453 1.17L063 29.613 7.032 1,149.482 1.23S 538 179 281 165 10 7.626 1.256 935 Totsl offunds 300.131 503.485 719 2,186615 26
DrrcHLING PIUSEUM OF ART + CRAFT IA company Ilmlt¢d by guarante8) NOTES TO THE FINANCIAL STATEMEFtrs FOR THE YEAR ENDED 31 MARCH 2025 Restricted Funds Fund l - Acquisitions fvnd To contribute to a specific programme of acqui5raons for the museum collettion Fund 12 Toward$ the Hamada exhibitk>n, includinga research visit to Pan by the Director Fund 2 MEND Arts Council MEND Capital Grant Grant for specific essential rewrs to the tryjilding Fund 3 MEND Parther5hip for building renew proiett Fund 4 For a whole school Creative project St Marxaret'5 Primary, Ditthling Fund 13 Arts Council England Projtt¢ Funding (Hamadal Fund 14 M TacWing Inequality Hallmark Award$ Fund 15 South East Museum Dev¢ for School proiett Fund 5 Art5 Council England Proiect Funding (Double Weaye) Fund 6 National Lottery Heritrge Fund (Incorne 8ener4uon proiertl Fund 7 Art Fund Commission Grant Fund 16 Chk Cliff TnJ5t towards &gns of the Seaside exhibition. Fund 17 SEMD Museum Wide- EDI action plan development Fund 18 Nationat Lottery Heritage Fund (Brnn8wyn} Fund 19 Prtvate donation for Outreach Fund 8 Trust donation5 towards Rad Briw exhibition and programme. Fund 9 sensation Museurn Projecr NEW Fund 20 Arts Counol Engknd - DCMS CRF3 rebutldinR reserves Fund 21 Rockerfeller Philanthropy lor outreach artivy. Fund 10 Beautlich NEW Fund I I ACE The Ditchling Story NEW Fund 22 For leaming enterprise projects 27
DITCHLING AIUSEUM OF ART + CRAFr (A company limited by guardnlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SUMMARY OF FUNDS- CURRENT YEAR Balance at l April 2024 Balance at31 March 2025 Transfers inlo Gain (Iwses) Income Expendlture General funds Endowment fiJnd$ Restritted funds 7tKJ.630 229.050 125&935 45&716 (453.0551 (13096) {3} 13.899 690,395 229.047 1,247.558 120.159 143,455 2.180.615 579,875 596,490 2,167.000 SUMMARY OF FUNDS- PRIOR YEAR BolorKe tx IAp 2023 Boknce ot 31 Morch 2024 Transfers inl¢)ut Goinsl (losses) General fvnd5 Endowment funds Restricted fijnds 737.810 326.783 35J38 268,468 1.431 179.281 {397.127) (848) 165.510 91.479 (99.105) 7,626 700,630 229.050 1.256 935 789 00.131 563.485 789 2.186615 19. ANALYSIS OF NET ASSEfs BETWEEN FUNDS ATralysls of Net Assets Between Funds- Currert Year Total funds 2025 funds 2025 funds 2025 funds 2025 Current a55ets Creditors due wtthin one year Creditor$ due in more than one year 1164.253) {1&914) 26,464 {647) 229,047 91.258 (19.561) Net wets before fixed assets Tangible fixed a55ets Fixed asset investments (183,16T) 873,562 25,817 .221,741 229.047 71,697 2,095.303 690.395 1247 558 2.167.000 28
DITCHLING MUSEUM OF ART + CRAFr IA company Ilmlted by guarnntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analygls of Net Assets Between Funds- Prior Y fvnds 2024 Jknent fvnds 2024 2024 Totol fvnds 2024 Current assets Creditors due within one year Creditors due In more tl4n one year f161.558) {25.734) 42.264 {7.502) 647 229.047 109.753 (33.236) 647 Nec &ssets before fixed assets Tanwble fixed wet5 Fixed asset investments {1.87.292) 887.922 34.115 1.222.820 229.047 75.870 2.110.742 700.630 1.256.935 229.050 2.186,615 20. PENSION COMMITMENTS The Group operates a defined contribution penston stheme. The assets of the scheme are held separately from those of the Group in an independentty administered hjnd. The pension c05t charge represents contribudons payable by the Group to the fund and amounted ro nil {2024.- £3.7661. Contributions todling £4,162 {2024.. £1.024) were payable to thè fund at the balance sheet date and are induded in creditor& RELATED PARTY TRANSACTIONS The Group has had no transactions with related parties during the year. 22. PRINCIPAL SUBSIDIARIES Subsidiary name Ditthling Museum Endowment Trust Charity regJ"stration number 29CQ75 Basis of control Trust agreement Tor assets as at 31 March 2025 £229.047 Total liabili¢ie5 ¥ at 31 March 2025 £N Total f¥Jnds as at 31 March 2025 £229.047 Gross income for the ye¥ ended 31 Marth 2025 Expenditure for the year ended 31 March 2025 £Nil Net movement in funds for thè year ende¢J 31 Marth 2025