Charity number: 1127084 Company number: 05378881 The Worklngton Herltage Group Limited (A company limited by guarantee) Trustees. report and financial statements for year ended 31 March 2024 Stamper & Co Accountants
The Workington Heritage Group Limited (A company limited by guarantee) Contents Page Legal and administrative information Trustees report Independent examiners report Intome & Expenditure Account Balance sheet Fixed Asset Schedule Trustees Statement io
The Workington Heritage Group limited IA company limited by guarantee) Legal and administrative information Charity number 1127084 Company registration number 05378881 Reglstered office Helena Thomp50n Museum Park End Road Workington CA14 4DE Trustees Mrs J M Haughan Mr J Cook Mr A Warein8 Mr T Ryan Mrs A Wareing Mrs E Bates Secretary Mrs A Warein8 Accountants Stamper & Co Accountants Doretti Cross Lane Wigton CA7 90B Bankers HSBC Bank PIC 3 Pow Street WOrkinOn CA14 3AH Page I
The Workington Heritage Group Limited (A company limited by guarantee) Report of the trustees (incorporating the directors report) forthe year ended 31 March 2024 The trustees present their rèport and the financial statements for the year ended 31st March 2024. The trustees who are also directors of The Workin8ton Herita8e Group Limited for the purposes of law and who served during the year and up to the dale of this report are set out on pa8e l. Structure. go¥ernance and management Governing document The organisation is a charitable company limited by guarantee, incorporated on 1st March 21)05. The companv was established under a Memorandum of Association which established the objects and power5 01 the charitable company and is governed under it5 Articles of Association. In the event ol the company bein8 wound up, members ale required to contribute an amount not ex¢eedin8 £1 Recruitment andoppointment oJtrusrees Under the requirements of the Memorandum and Artitles of Associatlon. Irustees are elected at the Annual General meetin6 or by invitation from the Board of Dirertors of Workington Heritage Group Limited. Trustees retire by rotation and may, if willin8 to act, be reappointed. The board members are l Mercia Haughan, John Cook, Gail In81is, Tom Ryan, Ann Warelng and Eleanor Bates. Tony Warein8 15 Still Chairman and Trusree. Rlsk Monogement The Trustees have reviewed all risks to which the chafity is exposed and have taken step5 to mitl8ate these risks where appropriate. Iniernal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures afe in place to ensure compliance with health and safety of staff. volunteers and visitors. Oblectlves and actlvltles Our charity's object5 as set out in the companws Memorandum and Articles of Association are to ensure the advancement of education and the public benefit. in particulaf through the mzintenante of historical artefacts. management of museums and organi5ation of events and publication relevènt to the lotal historical and soclal development. We have referred to guidance contained in the Charity Commission's 8eneral 8uidance on publi¢ benefit when reviewing our aims and objectives. Moin octivities undertaken The charity has continued to work closely with officers of Allerdale Borough Council to ensure the continual successful management of the Helena Thompson Museum. the building and contents of which were left to the people of Workington in the will of Helena Thompson. Volunteers The trustees wish to thank the volunteers who in the turrent year supported Workington Heritage Group Limited by donating time amounting to 10.cth hours free of charge to the companv. Page 2
The Workington Heritage Group Limited IA company limited by 8uaranteel Report of the trustees1incorporatin£ the dlrectors report) for the year ended 31 March 2024 The Museurn returntd to more norrnal operations fO1lg the slow lake up during the 202212023 period but few of our re8Utar user5 for meetln8s have not retumed and there has also been a 5i¥nifi£3ni down turn in weddings which is one of our main source5 01 Income. As a consequence, Tr6cia has been actively pursuing atternatlve events to help supplement the £30X annual grant vthich we (eive Irom Cumberland Councll and which has not been ncreased in the lasi 12 years. The calé continues to open 3 day5 In the week and has become very popular with local resident5 and user 8roups ttho are now makin8 re8uiar visit5. The hard work by Trfjcia and the team ol volunteers has s*niftcantty contrtbuted towards a posltive finoncial outcomè to the year. The NILt5eum remains a very popular venue ILV Ial user groups, sth0015 •nd ¥lsi¢of5 to ihe area which all8ns wlth the Wish of Helena Thompgon albeit at •ffDrdable prlces. The lack ol bulldln85 maintenance over the prwous years was hi8hll8hied to A8C in 2022 whlch resulted In detailed suf¥ey which must have addressed the silnrficant ijamp issue5 In both ends of ihe educatSon gallery and the rotting wlndow frames (. Curnbedand Countil have now taken over the ownership of the buildin8 and are statin8 that they unnot art on afty works untll their new budgets have been agreed. The Museum staff and volunieers ha¥e tontinued io keep the internal trthsekeep4 of the buildln& and gardens. In Impeccable condition which is often remarked on tsy 5•tOrs. Durlne the year we rec•lved the Workin8ton Commode t•thlch orlOn•lly ume Irom Worklngton Hall and Is an Imponant part ol the Town s and th• Hall's history. It is now part of ihe collection owned by Cumberland Councll. We a150 rffe word from Sothtbys that they wouhj be rernINg the Luck to US. I must complimenl our dedlcated staff •nd volunteers for theTrr dlligeno and dtdKatlon over angthtr difficult bul successlul year. AJ Wa¥ein8 Chairman WOrkinOn Herita8e GrtrJp Ltd
The Workington Heritage Group Limited (A company limited by guarantee) Report of the trustees (incorporating the directors report) forthe year ended 31 March 2024 Financial review The net incomin8 resources for the year amounted to £ 4790.CX) The balance on the vnrestricted reserves at 31st Marth 2024 is £108179 and the restricted reserves are £ 231824 Re5erve5 poliry It is the policy of the tnjstees to hold in reserve a minimum of 12 months working capital which is lo be found In the Number 2 account at the Workington branch of HSBC. Prlnciplefunding sources The charity receives an annual grant from Allerdale Borou8h Council towards the cost of managing the Helena Thompson MseuM. Extra fundin8 Is obtaSned through grants, sale of 8oods, hjnd ralsln8 and donations. Statement of trustees re5ponslbllltles The trustees (who are also directors of The Workington Herita8e Group Limited for the purpose of company lawl are responsible for preparin8 the Trustees Annual Report and the ftnancial statement5 in accordance with applicable law and Unitèd Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statèments for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applications of resource5, including the income and expenditure of the charitable company for that period. In preparSng these financial statements, the trustees are required to select suitable accountin8 policies and then apply them con5iStentlv,' observe the methods and principles In the Charltles SORP.. make judgements and estimates that are reasonable and prudent; State whether applicable UK AtcouniinB Standards have been lollowed. subject to any materSal departures disclosed and explained in the financial statements.. and prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the chaiitable company will continue in operation. Page 4
The Workington Heritage Group Limited (A company limlted by guarantee) Report of the trustees lincorporJtin8 the dlrectors report) for the year ended 31 March 2024 The trustees are responslble for keeplne prowr actountln6 records which disclo with reasonable accuracy at any 1Sme in the financial posilion of ihe charitable cornpafty and which enables them to ensure that the financial statements compty wf(h the Companies Art They are al respOble for safeguardln8 the asset5 of the charitable company and hence for t•klno reasonable steps for the prevention and detectlon ol fraud and er irre8ularities. Small a>mpany wo¥lthns This report has prepafed in accordance with the special Pro5510r Small companies under Part 15 of tht Companles Act 2CQ6. On behalf of the board A J Ww•lni P¥*5
The Worklngton Herlta8e Group Umlted (A company Ilmited by guarantee) Independent examlners report to the trustees on the unaudited flnancial statements I report on the accounts of The Worklngton Heritage Group Llmlted for the year ended 31st March 2024 set out on pages 7 to 9. Resperttvt responslbllltles of trustees and Independent ¢xamlner The charitV'5 trustees Iwho are also ihe directors of the company for purposes of company lawl are re5pon51ble for the preparation of the accounts. The trustees conslder that an audlt Is not required for thls year under sectlon 144 of the CharitSes Act 2011 Ithe Charitles Artl and that an Independent examlnation Is needed. Havlng sat15fied myself that the charity is not subject to an audit undef Part 16 of the Companies Act 2(N)6 and is ellglble for an independent e¥amination, It Is my responsibillty to examine the a¢¢ounts under sectlon 145 of the Charltles Art, to follow the procedures lald down in the General Dlrections glven by the CharStles Commlsslon under sertlon 145151 of the Charltles Act, and to state whether partlcular matters have come to my atlentlon. Basls ol Independent ex•mlner5 Statement My examination was cariled out In accordance with the General Dlrectlon$ 8lyen by the Charltles Commls510n. An examlnatlon Includes a revlew of the a¢¢ounilng records kept by the charlty and a comparlson of the accounts presented wilh Ihose records. It also In¢lude5 conslderaiion of any unusual items of dlsclosures In the accounts, and seekln8 explanallons from yov as irustees concernin8 any such matter5. The procedures undertaken do not provlde all the evldence Ihat would be required in an audii and consequently no oplnlon Is glven as to whelher the accaunts present a'true and fair vlew'and the reportls Ilmiled to those matter5 5et out In ihe statement beltsw. Indep•nd•nt exJmlnrs stat•mnt In connectlon wlth my examlnation. no matter has come io my attentltsn.. 111 Blves me reasonable cause to belleve that In any materlal respert TequirementS'. - to keep proper accountln8 records In accordance with sectlon 386 of ihe Companles Acr 2fy)6.. and - to prepare accounts which accord wlth the ac¢ountln8 records, comply wlth the accountlng requlrements of sectknn396 of the Companles Act 2006 and wlth the ..r j. methods and prlnciples of the Statement Recommended Practl¢e'. Accountin8 and Reportln8 by Chailtles hm not been mel; or lill io whlch, In myoplnlorn attentlon should be dfawn In order to enable a proper understandln8of the accounts to be reathed. N Stamper 8A"Hons Stamper & Co kcountants 2021t Page 6 The Workington Herltage Group Limited
(A company limited by guarantee) Income and Expenditure account for the year ended 31 March 2024 Income Income Cumberland Council Grant Workington Town Covncil Grants Fund Raising Events Weddings Donations Room Hire Catering Bar Sales Shop Sale5 Bank Interest 32225 41(JJ 3558 12679 1103 8215 28380 6752 1523 3646 Total Income 102181 enditure Wages & PAYE 47377 Insurance5 Consumables Cleaning Food & bar purchases Printing, stationery & advertisin8 Repairs & renewals Legal & profe55bonal Book Keeping Licenses 2592 3895 1893 28661 1271 2360 2920 1680 Telephone & post Motor expense5 Bank Char8es Travel & subsistence Subscription5 Depreciation 123 $54 120 2352 9885 11069711 Excess of Expenditure over Income £ 147901 Page 7 The Workington Heritage Group Limited
(A company limited by guarantee) Balance sheet as at 31 March 2024 Flxed Assets Tanglble Assets Heritage Assets 31148 10150 41298 Current Assets Cash at bank & in hand Stock Debtors 296651 4372 304623 Currtnt Llabllltlès Creditors 159181 29870S £ 340003 Ital & Reserves Re5trided income funds Unrestricted income funds 231824 108179 £ 340003 Page 8
The Worklngton Heritage Group Limited (A company limited by guarantee) Fixed Asset Schedule Fixed Assets Tan ible Assets Fixtures & Cost Collections Total As at 01104123 Additions 162654 1495 164149 3768 3768 As at 31103124 166422 1495 167917 De As at 01104123 Charge for year 126884 9885 126884 9885 As at 31103124 136769 136769 Net book Val As at 31103124 29653 1495 31148 As at 31103123 35770 1495 37265 Herita e Assets Total As at 01104123 & 31102124 10150 10150 Page 9
Trustees statements required by the Companies Act 2006 forthe year ended 31 March 2024 In approving these financial statements as trustees of the company we hereby confirm.. lal that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2LXI6; Ibl that no notice has been deposlted al the re8lStered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be condurted for the year ended 31st March 2023. Icl that we acknowledge our responslbilities for: 111 ensuring that the company keeps proper accountin8 records which comply with section 386 of the Companies Act 2CX)6, and 121 preparing financial statements which give a true and fair view of the state of affair5 of the company as at the end of the financial year and of its profit or10ss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements. so faf as applicable io the company. These financial statements are prepared In accordance with the special provisions of part 15 of the Companles Act 2006 relating to small companies. The financial statements were appro¥ed by the board 2024 and si8ned on its behalf bv IJ A Wareln8 Dlrector Reglstrat5on number: 05378881 Page 10