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2024-03-31-accounts

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

Company Number: 07465640 Charity Number: 1141462

RIPON MUSEUM TRUST

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HPH Chartered Accountants 54 Bootham York YO30 7XZ

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEM TRUST

(A company limited by guarantee)

FOR THE YEAR ENDED 31 MARCH 2024

Contents
Page
Trustees'Report 1to 10
Independent Examiner’sReport 11
Statement of Financial Activities 12
Balance Sheet 13
Cashflow Statement 14
Notes to the financial statements 15 to 23
The following pages do not form part of thefinancialstatements
DetailedIncome and ExpenditureAccount Appendix 1

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

OBJECTIVES AND ACTIVITIES

Objectives

The objective of the Charitable Company as stated in our constitution of 4[th] October 2022 is:

The provision and maintenance of museums in or near Ripon for the exhibition to the public of articles of literary, artistic, scientific, cultural or historic interest.

Our vision :

We will use our heritage assets to inspire people to seek a fairer society.

Our mission:

We will use the unique trio of the Workhouse, Prison & Police and Courthouse Museums, collections and the stories they tell to help people explore big issues such as fairness, equality, justice and welfare. Through excellent engagement, programming and outreach, together we will inspire people to become compassionate and active citizens, shaping society for the better. We will work for greater participation in our heritage which will enrich lives and improve wellbeing. Volunteering is integral to our organisation; at our core we work as one team. We will make a positive impact on Ripon and the region’s cultural and economic capital.

Our Strategic Aims:

To deliver our mission we have seven Strategic Aims:

These strategic aims each have a set of actions under them which form the basis of our annual development plan, which guides the work of the Charitable Company. Progress against these aims is monitored and reported at the trustee meetings throughout the year.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Public Benefit Activities

The Trustees confirm that they have complied with the duty under section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission and the Trustees have paid due regard to this guidance on deciding what activities the charity should undertake. The Trustees consider that all the activities set out in this report have been undertaken to further the charitable purposes for the public benefit. Full description of the key elements of our public benefit are detailed on the following pages.

ACHIEVEMENTS AND PERFORMANCE

Visitor performance

We were pleased to see our post Covid recovery continue in 2023/24. Museum visits continued on an upward trend between April 23 and March 24, with visitor numbers up 12.6% on the previous year, despite the external pressures of the cost-of-living crisis.

Visitor data comparison

Site April 23-March 24
visitors		 April 22-March 23
visitors		 yoy % diff
Workhouse
Museum		 9746 8172 19.3%
Prison &
Police
museum		 3593 3608 -0.4%
Courthouse
museum		 827 799 3.4%
Total 14166 12579 12.6%

Footfall data for Learning Visits

**Type ** 23/24 22/23 21/22 20/21 19/20 18/19
Formal
Learning		 6816 4979 3711 185 6422 4889
Informal
Learning		 449 475 644 30 1403 1204
Total 7265 5454 4355 215 7825 6093

Learning visits continue to be a strong and resilient source of income for the museums; our popularity with schools continues and satisfaction levels for the service they receive remains consistently high.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

(A charity and company limited by guarantee)

RIPON MUSEUM TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

People

Volunteers

Like many others in the charitable sector, recruiting and retaining volunteers remains a challenge, particularly post pandemic. We simply couldn’t operate without the commitment and enthusiasm of volunteers who fulfil a wide range of roles for us including front of house, gardening, learning, research and maintenance, without whom the museums would be unable to function. We have welcomed an additional 19 volunteers during the year and continuing to grow and diversify our volunteer cohort is a key priority for us in 2024/25.

Staff

Significant work has taken place during this accounting period to invest in our staff and volunteer team. All staff received a 5% pay rise and changes to the organisational structure meant changes in roles to help to build capacity. This resulted in the creation of a new function of ‘Visitor Experience and Volunteering’ enabling a greater focus on our programme and volunteer journey. Some of our staff moved onto the next stage in their careers during this period. Our Duty Officer, Operations Officer, Marketing Manager and Visitor Experience & Volunteer Manager all moved on to pastures new. In April 2023, RMT was pleased to appoint Alexa Vernon as Interim Director. Previously a member of RMT Board, Alexa was then appointed permanent Director of Museums in September 2023.

Development work supported by National Lottery Heritage Fund and Arts Council England

Ripon Museums: Inspiration for a Fairer Future Project

Key activity in this financial year has been progressing our ‘Inspiration for a Fairer Future’ project. Just before Christmas 2021 RMT was awarded a Development Phase grant of £99,396 from The National Lottery Heritage Fund to progress the project. The full cost of the development phase project meant that RMT needed to invest significantly from reserves to deliver this phase of the project.

Due to the change in Director partway through the development phase, and other changes in the staff team, RMT were granted an extension of the development phase meaning that the deadline for submitting the delivery phase application was moved to 30 May 2024. RMT worked with a cohort of consultants to develop the project including specialists in project management, evaluation, activity planning, interpretation, fundraising and capital works. Due to challenges in the development phase bid, and cost increases in the capital works the overall project increased from £2.17M to £3.3M meaning that the fundraising requirement to meet the match requirement also increased. In March 2024 RMT received the welcome news that the UK Shared Prosperity fund awarded the project £261k of funding with other significant applications to Trusts and Foundations pending.

The project aims to enhance visitor experiences, attract diverse audiences and preserve local heritage. It will focus on essential repairs at the Workhouse Museum and manage 8,700 artefacts from the Prison & Police Museum currently in storage. Additionally, the project will unify interpretation and activities across the museums, continuing to act as a powerful learning

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

environment, exploring the evolving history and modern context of social justice and the broader heritage of Ripon.

Arts Council England National Portfolio Organisation

Our second round of Arts Council England (ACE) funding as a National Portfolio Organisation (NPO) began in April 2023 for a three-year period, ending in March 2026. We are incredibly grateful to receive £142,576 a year from ACE to deliver activity that delivers their Let’s Create strategy, the core aim of which is that, ‘ By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish, and where every one of us has access to a remarkable range of high quality cultural experiences .’

Our NPO programme demonstrates how we deliver the ACE outcomes and how their four Investment Principles (ambition and quality, dynamism, inclusivity and relevance and environmental responsibility) are applied across the organisation.

Reserves

The total funds held by the Charitable Company are £586,830 of which £350,000 are restricted. Therefore, free reserves are £236,830.

In 2022/23 the free reserves of the charity were £323,587. The reduction in free reserves represents the investment the Board made to the development of the ’Inspiration for a Fairer Future’ project. The reserves in our unrestricted account at the end of March 2024 represents more than six months of trading.

Financial review of 23/24

Our last set of accounts covered a 15-month period as we transitioned to financial reporting that covered the financial year as opposed to the calendar year. As such, whilst it may look like the admissions income for 23/24 of £163,746 is lower than the £168,507 reported in our previous set of accounts, when taking a 12-month period into account it is an increase in admissions income of close to 8% over the comparable period. This accounting period represented the best year the museum has ever had for admissions income and our learning performance of £43,085 also represented an improvement on the previous year. The increase in footfall drove sales in the shop which brought in £17,328 in the financial year compared to a 15-month performance in the previous set of accounts of £14,776.

A resilient source of income for us has been our paranormal income. Hiring out the museum in the evening to paranormal groups has brought in £14,696 this financial year. Fundraising income reduced during this period and will be a focus in the next accounting period.

RMT received government grants in the accounting period of £142,576 from Arts Council England and £43,458 from The National Lottery Heritage Fund.

RMT Board gave a pay rise of 5% to all staff for this accounting period which increased staff costs. Despite the wage increase, due to staff vacancies throughout the year staffing costs did not increase on the previous year.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Utility costs also increased during this period. RMT’s gas and electricity contracts were renewed at a time of considerable increases in energy prices and were fixed for three years. This practically doubled the amount that RMT paid for their gas and electricity from £21,762 in the previous 15-month period to £39,059 in this accounting period.

RMT Board are pleased to note that the unrestricted performance is an excess of income over expenditure of £21,324. This was achieved by growing visitor numbers and controlling costs, despite increases in overheads. The other key feature of this financial period is the planned investment in the ‘Inspiration for a Fairer Future’ project. The project aims to enhance visitor experiences, attract diverse audiences and preserve Ripon’s heritage. It will focus on essential repairs at the Workhouse Museum and manage artefacts from our collection. The project will unify interpretation across all three museums, exploring the themes of fairness, justice and poverty. RMT Board are confident that the investment from reserves into the ‘Inspiration for a Fairer Future project’ will maximise the chances of a successful delivery phase application to the Heritage Fund in May 2025.

The final position for the accounting period is a deficit of £151,891 reflects the planned investment to the ‘Fairer Future’ project.

We are grateful to the whole staff and volunteer team who contributed to the performance and for all their effort and passion throughout the year.

Risk Management Policy

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. As part of our reporting processes to Arts Council England we must report on risk quarterly. We have created an organisational risk register that is reviewed quarterly by Board and there is a separate risk register for the ‘Inspiration for a Fairer Future’ Project for specific project related risks. RMT conforms to all standards required including safeguarding, health and safety, data protection etc. A Health and Safety Consultant and HR consultant is retained by the Trust. Looking ahead to 2024/25, one of the biggest risks to the organisation is volunteer capacity therefore a volunteer development strategy is being created.

PLANS FOR FUTURE PERIODS

Through robust financial management, the successful application to continue to be an ACE National Portfolio Organisation and our ‘Inspiration for a Fairer Future’ project we are fortunate to be in a very positive position to pursue our objectives in 2024/25.

Our activity as an NPO will ensure we deliver two of the three ‘Let’s Create’ strategy outcomes namely; ‘ Creative People; everyone can develop and express creativity throughout their life’ and ‘Cultural communities; Villages, towns and cities thrive through a collaborative approach to culture’. It will enable us to become closer to our communities and understand their needs better, becoming more sustainable and resilient in the longer term. Our ‘Creative Conversations’ model will continue, whereby we work an artist and marginalised communities to give them a voice through a creative output. We will create longer lasting partnerships and stakeholder networks that allow us to embed organisational change and learning. We will build

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

better evaluative frameworks for our work so that we can measure the impact that we’re having, and we’ll build evaluation skills across or staff and volunteer team.

Our ‘Inspiration for a Fairer Future’ project will be pursued as we progress the Development Phase with a delivery phase bid to the Heritage Fund planned for May 2024.

Strategy development

Our vision and mission remain a touchstone for all that we do and help to guide our decision making. It played a pivotal role in our applications for funding to Arts Council England and The National Lottery Heritage Fund.

In 2024/25 we aim to maximise the development work undertaken as part of the Heritage Fund development project to help us to understand our audiences better and continue to drive visitors to the museums. Whilst maintaining our core audience, we will develop our messaging and offer for the family audience- a key growth area for us.

STRUCTURE GOVERNANCE AND MANAGEMENT

Memorandum and Articles of Association

Ripon Museum Trust is a company limited by guarantee governed by its Memorandum and Articles of Association most recently amended on 4 Oct 2022. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 72 members, each of whom agrees to contribute up to £10 in the event of the Charity winding up.

Trustees

The registered office and officers and advisors are detailed on page 8.

The Board of Trustees of the Charity meet ten times per annum as well as for two away days a year to consider strategic issues.

Operational management

This is delegated to the Museum Director supported by a staff team and over 140 volunteers, detailed on page 8.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Appointment of new Trustees

Recruitment, appointment and induction of Trustees

Appointment of Trustees is governed by the Constitution. The charity may by ordinary resolution appoint a person who is willing to act to be a director and determine the rotation in which any additional directors are to retire. Directors may serve for three years, and outgoing directors may be re-elected for a further three years on two consecutive occasions but will then not be eligible for re-election for a further year. They may become a co-opted member during this period. The Board is authorised to co-opt new Trustees to fill vacancies arising through resignation or death of an existing Trustee. Those co-opted serve until the following AGM when they are normally eligible for election by the AGM.

Governance

New Board appointments

At the 12-month period ending March 2024 there were nine Trustees. At the AGM held 11 January 2024, Steven Revell stood down from the Board as did Alexa Vernon, due to her appointment as Director of Museums. Richard Taylor and Amanda Whitehead stood down from being Chair and Vice-Chair respectively but remained on the Board as co-opted members. Existing Board members Robert Ling and Caroline Lewis-Jones were appointed Chair and Vice-Chair respectively.

Martin Webber offered to stand again and was proposed and seconded. Richard Pollitt and Rebecca Crallan were co-opted until the AGM and offered themselves for election. They were both duly proposed and seconded and were appointed. Given the significant amount of change taking place in the organisation at the time, retaining the skills and knowledge of longstanding Board members and ensuring that the Chair and Vice Chair positions were filled by individuals who know and understand the charity will give stability to the organisation while providing the ambition to drive our development.

The Trust has a trustee induction pack containing all relevant policies, procedures and documentation. New Trustees meet with the Chair and the Museum Director for initial induction sessions as well as meeting key members of staff. Trustees are encouraged to attend relevant training, especially sessions on governance provided by the Association of Independent Museums.

Relationship to Unincorporated Charity number 512913

This was the original charity for the Trust prior to Incorporation in 2012. All assets and liabilities have been transferred from this charity to the new incorporated charity. On 13 March 2024, it was confirmed that the lease of the Prison and Police Museum was transferred from charity number 512913 to charity 1141462. We can now progress closing the old charity altogether. Three of the Trustees of the new charity remain as Trustees of the old charity:

Mr R I C Taylor Mr A D Thelwall Miss A Whitehead

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees as of 31 March 2024

Dr E. Crallan (appointed AGM Jan 23) C. Lewis-Jones (Vice-Chair from Jan 24 to May 24)

R. Ling (Chair from Jan 24)

A. Stow

R. I. C. Taylor (co-opted AGM Jan 24. Chair until Jan 24) A. D. Thelwall A. M. Vernon (until end April 23) Prof M. P. Webber (appointed AGM 23) A. Whitehead (co-opted AGM Jan 23)

Staff team Alexa Vernon Museum Director (from September 23) Ferdinand Von Holstein Visitor Experience & Volunteer Manager (from August 23) Sonja Nowicki Operations Officer (until February 24) Freya Cox Volunteer Development Officer Katy O’Malley Learning Officer (from June 23) Andy Bates Community Engagement Officer (from May 23) Laura Allan Community Curator Sally Gibbins Duty Officer (until August 23) Rachael Roberts Marketing Manager (until September 23) Catherine Baxter Garden Leader Paul Grayson Technical Assistant Company Number 07465640 (England & Wales) Charity Number 1141462 (England & Wales) Registered Office The Workhouse Museum 75 Allhallowgate Ripon North Yorkshire HG4 1LE

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent Examiner

A. C. Rodaway, FCA, DChA HPH Chartered Accountants 54 Bootham York, YO30 7XZ

TRUSTEES’ FINANCIAL RESPONSIBILITIES

Company law requires the Trustees of the Charitable Company to prepare financial statements that give a true and fair view of the state of affairs of the Charitable Company at the end of the financial year and of its surplus or deficit for the financial year.

In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Charitable Company, and which enables them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with company law, as the company’s directors, we certify that:

This report is prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with special provisions of the Small Companies Regime.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The Trustees' annual report was approved on 16 December 2024 and signed on behalf of the Board of Trustees by:

A. D. Thelwall (Trustee)

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the Charitable Company’s Trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2024, which are set out on pages 12 to 23.

This report is made solely to the Charitable Company’s Trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the Charitable Company’s Trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the Charitable Company’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company, the Charitable Company’s Members as a body and the Charitable Company’s Trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the Charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

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.

A. C. Rodaway, FCA, DChA 16 December 2024

HPH, Chartered Accountants 54 Bootham York YO30 7XZ

11

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
TOTAL INCOME
EXPENDITURE
Charitable activities
7
TOTAL EXPENDITURE
Net (expenditure)/income
before transfers
Transfers between funds
14
Net movement in funds
Reconciliation of funds
Total funds brought forward
14
Total funds carried forward
14		 Unrestricted
funds
£
163,864
240,183
10,378
-
414,425
393,101
393,101
21,324
(108,081)
(86,757)
323,587
£ 236,830		 Restricted
funds
£
43,458
-
6
-
43,464
216,679
216,679
(173,215)
108,081
(65,134)
415,134
£ 350,000		 12 months
15 months
ended
ended
31 March
31 March
2024
2023
£
£
207,322
303,186
240,183
255,355
10,384
11,653
-
3,034
457,889
573,228
609,780
494,917
609,780
494,917
(151,891)
78,311
-
-
(151,891)
78,311
738,721
660,410
£ 586,830
£ 738,721

All activities derive from continuing operations. The notes on pages 15 to 23 form part of the accounts.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) BALANCE SHEET

AS AT 31 MARCH 2024

Company registration number: 07465640

Note
£
£
FIXED ASSETS
Tangible Assets
10
355,270
CURRENT ASSETS
Stock
7,627
Debtors
11
27,313
Cash at Bank and in hand
245,255
280,195
LIABILITIES: amounts falling due
within one year
12
(48,635)
NET CURRENT ASSETS
231,560
TOTAL ASSETS LESS CURRENT LIABILITIES
586,830
NET ASSETS
£ 586,830
THE FUNDS OF THE CHARITY
Restricted Funds
14
350,000
Unrestricted Funds
- Undesignated Funds
14
236,830
TOTAL FUNDS
£ 586,830
2024
31 March		 Note
£
£
FIXED ASSETS
Tangible Assets
10
355,270
CURRENT ASSETS
Stock
7,627
Debtors
11
27,313
Cash at Bank and in hand
245,255
280,195
LIABILITIES: amounts falling due
within one year
12
(48,635)
NET CURRENT ASSETS
231,560
TOTAL ASSETS LESS CURRENT LIABILITIES
586,830
NET ASSETS
£ 586,830
THE FUNDS OF THE CHARITY
Restricted Funds
14
350,000
Unrestricted Funds
- Undesignated Funds
14
236,830
TOTAL FUNDS
£ 586,830
2024
31 March		 £
£
356,098
6,048
33,768
378,821
418,637
(36,014)
382,623
738,721
£ 738,721
415,134
323,587
£ 738,721
2023
31 March		 £
£
356,098
6,048
33,768
378,821
418,637
(36,014)
382,623
738,721
£ 738,721
415,134
323,587
£ 738,721
2023
31 March
418,637
(36,014)
586,830 738,721
£ 586,830 £ 738,721
350,000
236,830		 415,134
323,587
£ 586,830 £ 738,721

For the financial year ended 31 March 2024, the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The Members have not required the Charitable Company to obtain an audit of its accounts for the year in question in accordance with section 476. The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.

The notes on pages 15 to 23 form part of the accounts.

These financial statements were approved by the directors and trustees on 16 December 2024 and signed on their behalf by:

A. D. Thelwall (Director and Trustee)

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Note
Cash flows from operating activities:
Net cash (used in)/provided by operating activities
15
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of
the reporting period		 12 months
ended
31 March
2024
£
(143,950)
10,384
10,384
(133,566)
378,821
£ 245,255		 15 months
ended
31 March
2023
£
32,474
11,653
11,653
44,127
334,694
£ 378,821

The notes on pages 15 to 23 form part of the accounts.

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Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

1 GENERAL INFORMATION

The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales (no.07465640). It was registered as a charity on 14 April 2011. The Charity number is 1141462.

The address of its registered office is The Workhouse Museum, 75 Allhallowgate, Ripon, HG4 1LE.

2 ACCOUNTING POLICIES

2.1 Basis of preparation of accounts

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Ripon Museum Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2.2 Going Concern policy

The Trustees have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the charity is a going concern.

2.3 Fund accounting

The trustees have a defined policy for identification of different types of income:

2.4 Income

All income is recognised in the statement of financial activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Except for the following:

Grants receivable

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds. Grants which are received for a future accounting period are deferred and recognised in those periods.

Capital Grants for specific fixed assets are included in restricted income when received. Once the asset is purchased these monies are transferred to unrestricted funds unless there is a restriction on the disposal of the asset. If so, the net book value of the asset is shown as a restricted fund.

15

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST (A company limited by guarantee) NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 MARCH 2024

2 ACCOUNTING POLICIES (continued)

2.5 Expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

2.6 Tangible fixed assets and depreciation

Fixed assets (including Heritage assets) for the Charitable Company to use are capitalised at cost, for items above £1,000. Donated assets are valued at market value on donation. They are stated in the accounts at cost/original value less depreciation.

Depreciation is calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery 10% straight line basis

Heritage assets are not depreciated but maintained in good working order.

2.7 Stock

Stock is valued at the lower of cost and net realisable value.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

2.9 Cash at bank and in hand

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.10 Creditors

Creditors are recognised where the Charitable Company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

2.11 Financial Instruments

The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.12 Pension costs

The Charitable Company operates a defined contribution pension scheme. Contributions are charged in the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

2.13 Limited by guarantee

Each member's liability is limited to £10 in the case of winding up of the Charitable Company.

16

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

3 DONATIONS AND LEGACIES
Donations
Other Grants
Government Grants		 Unrestricted
Funds
2024
£
21,288
-
142,576
£ 163,864		 Restricted
Funds
2024
£
-
-
43,458
£ 43,458		 Total
Funds
2024
£
21,288
-
186,034
£ 207,322		 Total
Funds
2023
£
24,345
26,667
252,174
£ 303,186

The Charitable Company also benefits from the involvement and enthusiastic support of its many volunteers. In accordance with Charities SORP, the economic contribution of general volunteers is not recognised in the accounts.

4 INCOME FROM OTHER TRADING ACTIVITIES
Fundraising events
524
Shop income
17,328
Admissions
163,746
14,696
Memberships
482
Sundry income
322
Learning income
43,085
£ 240,183
5 INCOME FROM INVESTMENT INCOME
Bank interest receivable
-
Rent receivable
10,378
£ 10,378
6 OTHER INCOME
Insurance claim
£ -
Paranormal Investigations &
Ghost Walks		 -
-
-
-
-
-
-
£ -
6
-
£ 6
£ -		 524
17,328
163,746
14,696
482
322
43,085
£ 240,183
6
10,378
£ 10,384
£ -		 1,857
14,776
168,507
15,952
1,038
9,987
43,238
£ 255,355
1
11,652
£ 11,653
£ 3,034

17

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

7
ANALYSIS OF TOTAL EXPENDITURE
Funds
2024
7.1 Charitable activities
£
Staff costs
236,958
Premises costs
68,445
Administrative costs
20,604
Volunteer costs
12,091
Primary purpose trading
26,149
Stock expense
4,631
Sundry expense
3,855
Support costs (Note 7.2)
20,368
£ 393,101
7.2 Support costs
Independent Examiner's fee
925
4,175
Other professional fees
1,994
Advertising
11,896
Depreciation
828
Bank charges
550
£ 20,368
8
TOTAL STAFF COSTS
Wages and Salaries
Social Security Costs
Employer Pension Contributions
Unrestricted
Accountancy fees paid to
Independent Examiner		 Restricted
Funds
2024
£
17,061
9
-
32
199,458
-
-
119
£ 216,679
-
-
-
-
-
119
£ 119		 Total
Funds
2024
£
254,019
68,454
20,604
12,123
225,607
4,631
3,855
20,487
£ 609,780
925
4,175
1,994
11,896
828
669
£ 20,487
2024
£
230,108
14,398
9,513
£ 254,019		 Total
Funds
2023
£
323,259
47,825
23,347
18,903
41,000
8,442
13,595
18,546
£ 494,917
925
1,924
174
13,896
828
799
£ 18,546
2023
£
290,987
19,863
12,409
£ 323,259

No employee earned £60,000 per annum or more in the year (2023 - none).

Number of employees

The average monthly headcount (including casual staff) was 14 for the year. (2023 - 18 for the 15 month period).

The average number of contracted staff as full time equivalent was 8 (2023 - 9 for the 15 month period).

The key management personnel of the Charitable Charity comprise the trustees and the senior management team. The total employee benefits of the key management personnel, with only senior management team members being paid, was £81,926 (2023 - £174,875 for the 15 month period).

During the year the charitable company made termination payments under settlement agreements totalling £nil (2023 - £10,000) in respect of no (2023 - one) former employees.

18

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

9 RELATED PARTIES

No remuneration was paid to any Director/Trustee during the period. Travelling and subsistence expenses totalling £45 (2023 - £36 for the 15 month period) were reimbursed to 1 (2023 - 1) Director/Trustee during the period.

There were no other related party transactions in the reporting period which require disclosure (2021 - nil).

10 TANGIBLE FIXED ASSETS

Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
Net Book Amounts
At 31 March 2024
At 31 March 2023		 Plant and
machinery
£
8,279
8,279
2,181
828
3,009
£ 5,270
£ 6,098		 Land and
buildings
£
350,000
350,000
-
-
-
£ 350,000
£ 350,000		 Total
£
358,279
358,279
2,181
828
3,009
£ 355,270
£ 356,098

Heritage assets

Included within land and buildings is £350,000 for the Workhouse Museum, which is a grade II listed property, for which the Charity has a restricted title. The property was funded by a grant from the National Heritage Memorial Fund and is charged to them in perpetuity.

The Prison & Police Museum and the Courthouse Museum are both grade II listed properties, leased to the Charity from Harrogate Borough Council and The Church of England respectively. Neither are included in the accounts.

11
DEBTORS
Trade Debtors
Prepayments and accrued income		 2024
£
26,280
1,033
£ 27,313		 2023
£
33,768
-
£ 33,768

19

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

12 LIABILITIES: Amounts falling due within one year
Trade Creditors
Accruals
Other Loan
Pension contributions
Deferred income
Other creditors
Deferred income
Balance brought forward
Amount deferred in the year
Released in the year
Balance carried forward		 2024
£
7,365
5,949
11,500
1,408
22,257
156
£ 48,635
10,213
22,257
(10,213)
£ 22,257		 2023
£
10,754
2,175
11,500
1,372
10,213
-
£ 36,014
17,900
10,213
(17,900)
£ 10,213

At the balance sheet date the Charitable Company was holding funds received in advance of providing services, which is fully released in the following financial year.

13 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Undesignated
Funds
£
Current year
Tangible Fixed Assets
5,270
Current Assets
280,195
Current Liabilities
(48,635)
At 31 March 2024
£ 236,830
Unrestricted
Undesignated
Funds
£
Comparative year
Tangible Fixed Assets
6,098
Current Assets
353,503
Current Liabilities
(36,014)
At 31 March 2023
£ 323,587		 Designated
Restricted
Funds
Funds
£
£
-
350,000
-
-
-
-
£ -
£ 350,000
Designated
Restricted
Funds
Funds
£
£
-
350,000
-
65,134
-
-
£ -
£ 415,134		 Total
Funds
£
355,270
280,195
(48,635)
£ 586,830
Total
Funds
£
356,098
418,637
(36,014)
£ 738,721

20

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

14 FUNDS
Restricted Funds
Land and buildings
COINS Foundation
Inspiration for a fairer future
Ripon Theatre Festival Fund
Repair fund
Everyday histories
Unrestricted Funds
Undesignated
Free reserves
Total Unrestricted Funds
Total Funds
Restricted Funds
Land and buildings
COINS Foundation
Inspiration for a fairer future
Ripon Theatre Festival Fund
Repair fund
Everyday histories
Unrestricted Funds
Undesignated
Free reserves
Total Unrestricted Funds
Total Funds		 Balance at
1 April
2023
£
350,000
17,061
40,182
991
-
6,900
415,134
323,587
323,587
£ 738,721
Balance at
1 January
2022
£
350,000
18,167
-
-
-
-
368,167
292,243
292,243
£ 660,410		 Income
£
-
-
39,764
-
-
3,700
43,464
414,425
414,425
£ 457,889
Income
£
-
-
49,698
1,250
1,550
7,000
59,498
513,730
513,730
£ 573,228		 Expenditure
£
-
(17,061)
(190,061)
-
-
(9,557)
(216,679)
(393,101)
(393,101)
£ (609,780)
Expenditure
£
-
(1,106)
(9,516)
(259)
(1,550)
(100)
(12,531)
(482,386)
(482,386)
£ (494,917)		 Transfers
£
-
-
110,115
(991)
-
(1,043)
108,081
(108,081)
(108,081)
£ -
Transfers
£
-
-
-
-
-
-
-
-
-
£ -		 Balance at
2024
£
350,000
-
-
-
-
-
31 March
350,000
236,830
236,830
£ 586,830
Balance at
2023
£
350,000
17,061
40,182
991
-
6,900
31 March
415,134
323,587
323,587
£ 738,721

Restricted Funds

Land and buildings: The properties are held in Restricted Funds.

COINS Foundation: This is money received for funding Volunteer Development Officer role.

Inspiration for a fairer future: Money received from The National Lottery Heritage Fund after a successful Stage 1 application to develop a Stage 2 bid.

Ripon Theatre Festival Fund: Funding to develop the summer theatre offer.

Repair fund: Donation towards repair costs.

Everyday histories: Grant received to deliver creative art outreach activities .

21

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

15 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Increase in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
ANALYSIS OF CHANGES IN NET DEBT
At
1 April
2023
£
Cash
378,821		 2024
£
(151,891)
828
(10,384)
(1,579)
6,455
12,621
£ (143,950)
245,255
£ 245,255
Cash-flows
£
(133,566)		 2023
£
78,311
828
(11,653)
(912)
(32,532)
(1,568)
£ 32,474
378,821
£ 378,821
At
31 March
2024
£
245,255

22

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

RIPON MUSEUM TRUST (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2024

16 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNT)

INCOME
Donations and legacies
Other trading activities
Investments
Other income
TOTAL INCOME
EXPENDITURE
Charitable activities
TOTAL EXPENDITURE
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income before transfers		 Unrestricted
funds
£
244,939
264,318
11,652
3,034
523,943
482,386
482,386
41,557
-
41,557
292,243
£ 333,800		 Restricted
funds
£
58,247
1,250
1
-
59,498
12,531
12,531
46,967
-
46,967
368,167
£ 415,134		 15 months
ended
31 March
2023
£
303,186
265,568
11,653
3,034
583,441
494,917
494,917
88,524
-
88,524
660,410
£ 748,934

23

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

The following pages do not form part of the statutory accounts.

Docusign Envelope ID: A6F48F74-A42A-48AF-81F3-426F843F1527

Appendix 1

RIPON MUSEUM TRUST (A company limited by guarantee)

DETAILED INCOME & EXPENDITURE ACCOUNT FOR YEAR ENDED 31 MARCH 2024

£
TURNOVER
Donations
Other Grants
Government Grants
Membership admissions and other earned income
Fundraising events
Shop income
Admissions
Paranormal Investigations & Ghost Walks
Memberships
Learning income
OTHER OPERATING INCOME
Interest receivable
Rent receivable
Sundry income
Insurance claim
TOTAL INCOME
DIRECT CHARITABLE EXPENDITURE
Staff costs
254,019
Premises costs
68,454
Administrative costs
20,604
Volunteer costs
12,123
Primary purpose trading
225,607
Stock expense
4,631
Sundry expenses
3,855
SUPPORT COSTS
Independent Examiner's fee
925
Accountancy
4,462
Other professional fees
1,707
Advertising
11,896
Depreciation
828
Bank charges and interest
669
Net (deficit)/surplus for the year/period
12 months
31 March		 £
TURNOVER
Donations
Other Grants
Government Grants
Membership admissions and other earned income
Fundraising events
Shop income
Admissions
Paranormal Investigations & Ghost Walks
Memberships
Learning income
OTHER OPERATING INCOME
Interest receivable
Rent receivable
Sundry income
Insurance claim
TOTAL INCOME
DIRECT CHARITABLE EXPENDITURE
Staff costs
254,019
Premises costs
68,454
Administrative costs
20,604
Volunteer costs
12,123
Primary purpose trading
225,607
Stock expense
4,631
Sundry expenses
3,855
SUPPORT COSTS
Independent Examiner's fee
925
Accountancy
4,462
Other professional fees
1,707
Advertising
11,896
Depreciation
828
Bank charges and interest
669
Net (deficit)/surplus for the year/period
12 months
31 March		 £
21,288
-
186,034
524
17,328
163,746
14,696
482
43,085
447,183
6
10,378
322
-
10,706
457,889
(589,293)
(20,487)
(609,780)
£(151,891)
ended
2024		 £
£
24,345
26,667
252,174
1,857
14,776
168,507
15,952
1,038
43,238
548,554
1
11,652
9,987
3,034
24,674
573,228
323,259
47,825
23,347
18,903
41,000
8,442
13,595
(476,371)
925
1,924
174
13,896
828
799
(18,546)
(494,917)
£78,311
31 March 2023
15 months ended		 £
£
24,345
26,667
252,174
1,857
14,776
168,507
15,952
1,038
43,238
548,554
1
11,652
9,987
3,034
24,674
573,228
323,259
47,825
23,347
18,903
41,000
8,442
13,595
(476,371)
925
1,924
174
13,896
828
799
(18,546)
(494,917)
£78,311
31 March 2023
15 months ended
548,554
1
11,652
9,987
3,034
24,674
573,228
(476,371)
(18,546)
925
4,462
1,707
11,896
828
669		 925
1,924
174
13,896
828
799
(494,917)
£78,311