OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

Company number 07492531

ARUNDEL MUSEUM SOCIETY

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

Waugh & Co Licensed Accountants 51 High Street, Arundel, West Sussex BN18 9AJ UK waughaccountants.co.uk - 01903 88 55 06

ARUNDEL MUSEUM SOCIETY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEX
Page
Trustees Annual Report 1
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7

ARUNDEL MUSEUM SOCIETY

DIRECTORS' AND TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities issued in 2014.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity registration number 1140198

Company registration number 07492531, registered in England and Wales. Registered office: The Arundel Museum, Mill Road, Arundel, West Sussex BN18 9PA

ROYAL PATRON

Her Royal Highness Princess Alexandra

PATRON

The Duke of Norfolk

TRUSTEES

The Trustees in office during the year were:

D Shilston – Chair

M Webb – Secretary and Deputy Chair M B J Heathcote – Treasurer C Betts S Evans J Mitchell J Morris R Lovell D Pyant

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association of Arundel Museum Society, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

As set out in the Articles of Association the trustees shall elect from their number such of them to act as officers of the charity being the chair, deputy chair, secretary and treasurer of the charity. At each subsequent annual general meeting one-third of the trustees or, if their number is not three or a multiple of three, the number nearest to one-third, must retire from office. If there is only one trustee he or she must retire. A retiring trustee may offer themselves for re-election.

The procedure for members to nominate potential trustees prior to the AGM are set out in the Memorandum & Articles of Association of the Arundel Museum Society.

New trustees undergo an orientation to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 1

ARUNDEL MUSEUM SOCIETY DIRECTORS' AND TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects are specifically restricted to the establishment, maintenance and improvement of a museum and heritage centre in the town of Arundel in the county of West Sussex, for the education of the inhabitants of and visitors to the town of Arundel and the surrounding area, and thereby promote interest in:

  1. the past, present and future of Arundel and surrounding district

  2. its geological and archaeological origins

  3. its political, religious and social history, and

  4. its agricultural, industrial and cultural development.

The trustees have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The museum and the Arundel Visitors Information Point is operated under a lease by a 100% owned trading subsidiary Arundel Museum (Trading) Limited which employs a manager, and a part time deputy manager. The museum is otherwise manned by our unpaid volunteers and provides a much-needed service to both residents and visitors to Arundel.

In addition to our permanent exhibits in the museum’s gallery, we hold temporary exhibitions and arrange guided tours, children's activities and evening and lunchtime talks in the Jubilee Room.

In 2024 Arundel Museum held three major exhibitions:

  1. Continuing the exhibition: Rebuilding of Arundel Castle 1870 to 1900

  2. Arundel in the ‘60’s

  3. The Great Rebellion – Civil War in Sussex

Fundraising activities

We are grateful to all those people and institutions who gave money and help-in-kind to the Museum during 2024 to assist with the ongoing activities of the museum and its projects, including grants from the National Heritage Lottery Fund, Garfield Weston, Friends of Arundel Cathedral, Arundel Town Council, and Arundel Castle Trust.

Subsidiary

The subsidiary, Arundel Museum (Trading) Limited, had an income of £43,730. in 2024. There was a surplus of £11,444, of which 100% was donated to Arundel Museum Society.

Consolidation

Arundel Museum Society's general activities made a loss of £30,062 (or, a surplus of £9,714 before a charge for depreciation). This included the donation from the Arundel Museum (Trading) Ltd above.

Reserves policy

The trustees, having regard to the cash flow requirements, have operated a policy of keeping surplus funds in an interestbearing deposit account and seek to achieve a rate on deposit which is comparable with other main banks.

Property Building & Maintenance Fund

The trustees have formalised and placed £40,000 of their cash at bank funds into a restricted Property Building & Maintenance Fund as the initial 50 year lease has only 35 years left to run and is a fully repairing and insurance lease granted by Arundel Castle Trust.

Page 2

ARUNDEL MUSEUM SOCIETY DIRECTORS' AND TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Grants policy

Any grants received for ongoing projects will have been included as Incoming Resources on the Statement of Financial Activities over the years they were intended for, as is related expenditure. The project grants received are earmarked funds to be used for the projects specified. The earmarked project funds held in the Cash at Bank as at 31st December 2024 was £13,210.

Other expenditure which is of a capital nature has been treated as Fixed Assets and accordingly added to the Balance Sheet. In future years, the costs of these assets will be charged to the Statement of Financial Activities over their expected useful lives.

FUTURE DEVELOPMENT

The Museum and Collections Manager and her team are continuing to assess items for the collection with a view to rotating and refreshing the exhibits, notably our collection of palaeolithic flint hand-axes. Where appropriate, exhibits of a particular period or a collection of artefacts will be displayed in the Jubilee Room and the museum’s foyer for limited time.

We will hold two exhibitions during 2025:

  1. The Great Rebellion: Civil War in Arundel, Sussex (continued)

  2. History of Arundel Castle Gardens

The report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the Board of Trustees

David Shilston (Director)

16 May 2025

Page 3

ARUNDEL MUSEUM SOCIETY EXAMINERS REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 5 to 11.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER'S STATEMENT

I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Elwyn Waugh FCA Waugh & Co Licensed Accountants

51 High Street, Arundel, West Sussex BN18 9AJ

21 May 2025

Page 4

ARUNDEL MUSEUM SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
2
Investment income
3
Incoming resources from charitable activities
Rent
Other incoming resources
Development costs
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
Charitable activities
5
Governance costs
6
Other resources expended
7
Total resources expended
Net incoming resources before transfers
Gross transfers between funds
NET INCOME (EXPENDITURE) FOR THE YEAR
RECONCILIATION OF FUNDS
Total funds brought forward 2023
Total funds carried forward 2024		 Unrestricted
Funds
70,039
4,994
27,807
-
102,840
-
91,983
3,983
1,302
97,268
5,572
-40,000
-34,428
135,159
100,731		 Designated
Funds
-
-
-
-
-
-
-
-
-
-
-
-
40,000
40,000
-
40,000		 Restricted
Funds
32,606
-
-
-
32,606
-
29,766
-
38,474
68,240
-35,634
-35,634
996,540
960,906		 Total Funds
2024
102,645
4,994
27,807
-
135,446
-
121,749
3,983
39,776
165,508
-30,062
-
-30,062
1,131,698
1,101,637		 Total Funds
2023
69,659
3,772
17,906
-
91,337
-
95,686
3,340
39,776
138,802
-47,465
-
-47,465
1,179,164
1,131,698

Page 5

ARUNDEL MUSEUM SOCIETY

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
11
CREDITORS: amounts falling due
within one year
12
NET CURRENT ASSETS
NET ASSETS
THE FUNDS OF THE CHARITY
Unrestricted funds
Designated funds
Restricted funds
13
TOTAL CHARITY FUNDS
14		 2024
972,344
100
972,444
22,141
107,671
129,812
-619
129,193
1,101,637
100,731
40,000
960,906
1,101,637		 2023
1,012,120
100
1,012,220
19,700
111,795
130,873
-12,016
119,478
1,131,698
135,158
-
996,540
1,131,698

The accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Small Entities.

For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 Companies Act 2006; and no notice has been deposited under section 476.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

Signed on behalf of

the Board of Trustees

MBJ Heathcote Director

Approved by the Board of Trustees 21 May 2025

Page 6

ARUNDEL MUSEUM SOCIETY NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. PRINCIPAL ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Preparation of consolidated financial statements

The financial statements contain information about Arundel Museum Society as an individual charity and do not contain consolidated financial information as the parent of a group. The charity has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small company.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Costs of generating funds represent the costs of fundraising expenditure. Charitable activities includes the curatorial costs of the exhibition, as well as the administration costs of the charity. Governance costs are those costs that meet the constitutional and statutory requirements of the charity. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Leasehold property 2% on cost
Furniture fixtures & fittings 10% on net book value
Office equipment 25% on net book value

No depreciation has been charged on freehold property, as in the trustees' opinion, the residual value is in excess of cost.

Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions below £500 are not capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 7

ARUNDEL MUSEUM SOCIETY NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2 VOLUNTARY INCOME

Donations income
Grants
Friends income
Membership Subscriptions
Gift Aid income
Group visits
Corporation Tax refunds
Events income inc walks/talks
Copying/printing income
Sundry income
3
INVESTMENT INCOME
Deposit account interest		 Unrestricted
30,753
18,013
12,409
2,081
3,849
95
2,681
125
25
8
70,039
4,994		 Restricted
-
32,606
-
-
-
-
-
-
-
-
32,606
-		 Total Funds
Total Funds
2024
2023
30,753
17,106
50,619
15,000
12,409
19,343
2,081
2,175
3,849
3,359
95
220
2,681
-
125
1,050
25
-
8
4
102,645
69,659
4,994
3,772

4 TRUSTEES' REMUNERATION AND BENEFITS

There was no trustee remuneration in the year ended 31 December 2024

There were no trustee expenses paid for the year ended 31 December 2024

Page 8

ARUNDEL MUSEUM SOCIETY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5 RESOURCES EXPENDED - CHARITABLE ACTIVITIES

Unrestricted
Activities undertaken directly
Curatorial and educational
-
Exhibitions
755
Publicity
1,991
Services for members
6,071
Administration
63,547
Property costs
23,502
Grants
100
91,983
6
RESOURCES EXPENDED - GOVERNANCE COSTS
AGM / Board meetings
-
Sundry expenses
-
Accountancy fees
3,983
3,983
7
RESOURCES EXPENDED - OTHER
Long leasehold amortisation
-
Depreciation - Fixtures
-
Depreciation - Office equipment
1,302
Surplus/loss on disposals
-
1,302		 Restricted
-
29,766
-
-
-
-
-
29,766
-
-
-
-
22,847
15,627
-
-
38,474		 Total Funds
2024
-
30,521
1,991
6,071
63,547
23,502
100
121,749
-
-
3,983
3,983
22,847
15,627
1,302
-
39,776		 Total Funds
2023
-
5,162
4,788
5,000
55,742
28,235
100
95,686
-
-
3,340
3,340
22,847
15,627
1,302
-
39,776

Page 9

ARUNDEL MUSEUM SOCIETY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8 TANGIBLE FIXED ASSETS

Leasehold
Property
Cost
At 1 January 2024
1,142,366
Additions
-
Disposals
-
At 31 December 2024
1,142,366
Depreciation
At 1 January 2024
240,303
Charge for the year
22,847
At 31 December 2024
263,150
Net book value
At 31 December 2024
879,216
At 31 December 2023
902,063
9
FIXED ASSET INVESTMENTS
Shares in wholly owned subsidiary Arundel Museum (Trading) Ltd
10
DEBTORS
Amounts owed by Group undertakings
Grants expected
Gift Aid tax recoverable
Friends of Arundel Museum
Prepayments
Tax rebates
Value Added Tax
11
ANALYSIS OF CASH AT BANK
The cash at bank comprises:
Unrestricted - General Funds
Designated - Property Building and Maintenance Fund
Restricted - Songs of the Civil War
12
CREDITORS: amounts falling due within one year
Trade creditors
Other creditors		 Furniture
fixtures &
fittings
357,479
-
-
357,479
251,724
15,627
267,351
90,128
105,755		 Office
Equipment
23,133
-
-
23,133
18,831
1,302
20,133
3,000
4,302
2024
100
5,494
5,400
919
652
3,033
5,134
1,509
22,141
2024
54,461
40,000
13,210
107,671
2024
-
619
619		 Total
1,522,978
-
-
1,522,978
510,858
39,776
550,634
972,344
1,012,120
2023
100
6,148
-
1,075
2,843
2,590
6,422
622
19,700
2023
101,425
-
10,370
111,795
2023
-
12,016
12,016

Page 10

ARUNDEL MUSEUM SOCIETY NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13 RESTRICTED FUNDS

Building Fund
Songs of the Civil War		 Funds
brought
forward
986,170
10,370
996,540		 Incoming
resources
-
32,606
32,606		 Outgoing
resources
-38,474
-29,766
-68,240		 Transfers
between
funds
-
-
-		 Funds
carried
forward
947,696
13,210
960,906

This analysis is part of Note 14 below.

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted funds
Designated funds
Property Maintenance Fund
Restricted Funds
Building Fund
Songs of the Civil War
Restricted Funds total		 Tangible
Fixed assets
24,648
-
947,696
947,696
972,344		 Investments
100
-
-
-
100		 Net
current
assets
75,983
40,000
-
13,210
13,210
129,193		 Total
100,731
40,000
947,696
13,210
960,906
1,101,637

Page 11