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2025-03-31-accounts

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

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 2025

HPH Chartered Accountants 54 Bootham York YO30 7XZ

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee)

FOR THE YEAR ENDED 31 MARCH 2025

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: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

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 12 months ended 31 March 2025.

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 threeyear business plan, which guides the work of the Charitable Company. Progress against these aims is monitored and reported at Board meetings throughout the year.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

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 is detailed on the following pages.

ACHIEVEMENTS AND PERFORMANCE

Ripon Museums: Inspiration for a Fairer Future Project

For the past few years, Ripon Museum Trust (RMT) have been progressing the ‘ Inspiration for a Fairer Future ’ project with the support and funding from The National Lottery Heritage Fund.

In September 2024 we were delighted to receive the news that we had been successful in our funding bid and were being awarded £2.5m from The National Lottery Heritage to progress the project. The total project value is £3.3m and we have secured all the match funding necessary for the project to be fully funded. We’re incredibly grateful for the support of the UK Shared Prosperity Fund via North Yorkshire Council, The Wolfson Foundation, Garfield Weston, The Headley Trust and the Foyle Foundation as well as the generous support of individual donors. The project will be fully delivered by March 2028.

At the heart of the project is the delivery of our vision, to use our heritage assets to inspire people to seek a fairer society.

Over the next three years the project will:

Visitor performance

In the past two years, increased focus has been given to improving our programming and product offer to drive visitors to the museums. Research undertaken indicates that the museums are consistently underperforming in both tourist and local markets. By maximising the potential of our NPO funding, a more comprehensive programming offer has been created, particularly in school holiday periods. Significant growth has been seen at the Prison & Police Museum, attributed to extending the opening times of the museum to all day, instead of only in the afternoon. As such, overall, we have seen a 7% increase in visitor numbers since last

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

year. In the past three years, visitor numbers have increased by 20%, a remarkable achievement given the cost-of-living crisis and tough competition in the heritage/leisure sector.

Visitor numbers comparison

Museum Year to 31st
March 25		 Year to 31st
March 24		 Year to 31st
March 23
Workhouse 8,584 9,746 8,172
Prison &
Police		 5,466 3,593 3,608
Courthouse 1,103 827 799
Total 15,153 14,166 12,579

Footfall data for Learning Visits

Type Year to 31st
March 25		 Year to 31st
March 24		 Year to 31st
March 23		 Year to 31st
March 22		 Year to 31st
March 21
Formal
Learning		 6,654 6,816 4,979 3,711 185
Informal
Learning		 588 449 475 644 30
Total 7,242 7,265 5,454 4,355 215

Our learning offer continues to go from strength to strength and learning visits continue to be a strong and resilient source of income for the museums. Our popularity with schools and groups continues and satisfaction levels for the service they receive remains consistently high. This year was extremely positive, solidifying the excellent performance of the previous year.

Museum Accreditation

In autumn 2024, Ripon Museum Trust were called for Museum Accreditation by the Arts Council. The operational team were required to provide a suite of documentation that covered the areas of organisational health, managing collections and users and their experiences. Documentation was submitted in early March 2025 and RMT was pleased to receive confirmation in May 2025 that full accreditation had been secured, with very positive feedback received.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

People

Volunteers

Our volunteer cohort continues to grow and become increasingly diverse, attracting 20 new volunteers during the year. Some of these volunteers have either self-referred or been referred through a partner agency as part of our inclusive volunteering scheme. This scheme aims to make volunteering more accessible and enjoyable for people with additional needs, those who have protected characteristics and those who have been historically alienated from the arts and heritage sector. We are incredibly grateful for annual funding from the Leo Lion Foundation which enables us to deliver this scheme.

We are incredibly grateful for the support, commitment and enthusiasm of our volunteers, who fulfil a wide range of roles including front of house, gardening, learning, research and maintenance.

Staff

RMT continues to undergo a significant period of organisational development. New roles have been created including a Visitor Experience Officer, as well as a Business Support Officer to oversee compliance and governance. Governance and financial acumen have also improved within the organisation since the creation and appointment of a new Finance Manager. The old post of Duty Manager has been disbanded, replaced by a new position of Front of House Coordinator.The organisational structure has also been developed to foster a more collaborative and creative culture.

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 originally 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 includes six activities that demonstrate 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.

This core funding has been transformational for RMT, and over the past two-year period, in collaboration with the Arts Council, activity has been refined and reshaped to ensure that the funding delivers the best value and highest impact. In delivering the investment principles we have upgraded our accountancy software, till system and human resources systems, all of which have improved our management information and productivity.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

The delivery of the Activity Plan has also been refined, as we have developed our programmes since April 2023 to better meet our audience's needs. This has led to a more comprehensive and engaging volunteering offer, a fuller programme of activity and greater participation with the museums.

Reserves

The total funds held by the Charitable Company are £752,948 of which £558,944 are restricted. Therefore, free reserves are £194,004.

In 2023/24 the free reserves of the charity were £236,830. The reduction in free reserves represents the investment the Board made to the development of the ’Inspiration for a Fairer Future’ project as well as the cost of a new boiler for the Resident’s Block. The reserves in our unrestricted account at the end of March 2025 represent more than six months of trading.

Financial review

Unrestricted

Earned Income has performed very strongly this year with record income in both admissions at £172,569 (2024 - £163,746) and learning income at £50,682 (2024 - £43,085).

RMT are grateful for the continued support of Arts Council England as a National Portfolio Organisation, and to the Leo Lion Foundation who granted RMT £20,000 to continue to develop our inclusive volunteering programme. Paranormal group visit income totalled £14,083 in line with 2024 and retail sales contributing £14,216 - a slight decrease on last year.

While it was a strong year for income, there were pressures on expenditure. Historically the museums have relied on volunteers to deliver the front of house welcome however this model has come under significant pressure, particularly at weekends. As a result, RMT have utilised more temporary casual staff to cover front of house shifts. The National Minimum Wage increase in April 2024 has added to the cost pressure in this area, leading to total costs for this year of £23,909. The budget for salaried staff was controlled, despite the increases in minimum wage and employers’ national insurance, by managing vacancy factor.

Other cost pressures included increased premises costs and the need to replace the boiler in the Resident’s Block.

RMT’s gas and electricity contract renewals fell at a time of considerable increase in energy prices and were fixed for three years. This practically doubled our heating and power costs, significantly increasing our overheads this financial year.

Given the above the RMT Board note that while the unrestricted performance resulted in a loss of £42,826 due to factors outside of our control, the underlying performance has been very positive with record Earned Income achieved.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

Restricted

As noted above, the ‘Inspiration for a Fairer Future’ project is fully funded due to the support of The National Lottery Heritage Fund, other Trusts and Foundations and generous individual donors. This financial year, RMT have received £91,000 due to the generous support of individual donors, as well as £261,625 from the UK Government Levelling Up Fund via North Yorkshire Council.

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.

PLANS FOR FUTURE PERIODS

This is an extremely exciting time for Ripon Museums Trust. The £3.3m, ‘Inspiration for a Fairer Future’ project will breathe new life into the Workhouse museum and enable us to reach more diverse audiences. The delivery phase began in earnest in January 2025, with capital works anticipated to begin in November 2025.

Our continued 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 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.

Against the backdrop of these two significant funded programmes, RMT’s organisational development will continue. We will welcome three new team members, including a Project Administrator, Youth Engagement & Learning Officer and Collections Access Officer, as part of the Fairer Futures project. Through delivery of the project and exploration of our themes we will grow in confidence to deliver our vision.

In 2025 we will recruit new Trustees to join our Board, looking to welcome as diverse and skilled applicants as possible who can bring the drive and professionalism to continue to develop the museums.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

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 9.

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 9.

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

Board of Trustees

At the 12-month period ending March 2025 there were seven Trustees. Caroline Lewis Jones resigned from the Board of Trustees on 25 May 2024 and Rebecca Crallan resigned on 18 January 2025.

At the AGM held 13 February 2025, David Thelwall retired from his role as Treasurer as required by the constitution. Both Robert Ling and Mandy Whitehead stood down and were re-elected. The Board co-opted Richard Taylor and David Thelwall and determined that Robert Ling would continue in his role as Chair, and Amy Stow would be Treasurer.

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

Given the significant amount of change taking place in the organisation at the time, retaining the skills and knowledge of long-standing Board members 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.

On 3[rd] July 2024 the Charity Commission confirmed that the unincorporated charity (512913) had been removed from the Register of Charities.

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees as of 31 March 2025

R. Ling (Chair)

R. Pollitt

S. Revell

A. Stow (Treasurer)

R. I. C. Taylor A. D. Thelwall Prof M. P. Webber (appointed AGM 23) A. Whitehead (co-opted AGM Jan 23)

Staff team

Alexa Vernon Museum Director Freya Cox Visitor Experience & Volunteering Manager Laura Allan Community Curator Paul Grayson Technical Officer Katy O’Malley Learning Officer Andy Bates Creative Engagement Officer Felicity Head Front of House Coordinator Jamie Taylor Finance Manager Carolyn Small Communications Lead Catherine Baxter Garden Leader

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

Company Number

07465640 (England & Wales)

Charity Number

1141462 (England & Wales)

Registered Office

Independent Examiner

The Workhouse Museum 75 Allhallowgate Ripon North Yorkshire HG4 1LE 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:

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A charity and company limited by guarantee)

TRUSTEES’ REPORT FOR THE 12 MONTHS ENDED 31 MARCH 2025

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.

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 11 December 2025 and signed on behalf of the Board of Directors and Trustees by:

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

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 2025, 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 am 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 11 December 2025

HPH, Chartered Accountants 54 Bootham York YO30 7XZ

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME
Donations and legacies
3
Other trading activities
4
Investments
5
TOTAL INCOME
EXPENDITURE
Charitable activities
6
TOTAL EXPENDITURE
Net (expenditure)/income
before transfers
Transfers between funds
13
Net movement in funds
Reconciliation of funds
Total funds brought forward
13
Total funds carried forward
13		 Unrestricted
funds
£
166,100
253,998
8,483
428,581
471,407
471,407
(42,826)
-
(42,826)
236,830
£ 194,004		 Restricted
funds
£
390,064
-
-
390,064
181,120
181,120
208,944
-
208,944
350,000
£ 558,944		 Total
Total
2025
2024
£
£
556,164
207,322
253,998
240,183
8,483
10,384
818,645
457,889
652,527
609,780
652,527
609,780
166,118
(151,891)
-
-
166,118
(151,891)
586,830
738,721
£ 752,948
£ 586,830

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

12

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) BALANCE SHEET

AS AT 31 MARCH 2025

Company registration number: 07465640

Note
£
£
FIXED ASSETS
Tangible Assets
9
354,442
CURRENT ASSETS
Stock
1,959
Debtors
10
12,163
Cash at Bank and in hand
483,860
497,982
LIABILITIES: amounts falling due
within one year
11
(99,476)
NET CURRENT ASSETS
398,506
TOTAL ASSETS LESS CURRENT LIABILITIES
752,948
NET ASSETS
£ 752,948
THE FUNDS OF THE CHARITY
Restricted Funds
13
558,944
Unrestricted Funds
- Undesignated Funds
13
194,004
TOTAL FUNDS
£ 752,948
2025
31 March		 Note
£
£
FIXED ASSETS
Tangible Assets
9
354,442
CURRENT ASSETS
Stock
1,959
Debtors
10
12,163
Cash at Bank and in hand
483,860
497,982
LIABILITIES: amounts falling due
within one year
11
(99,476)
NET CURRENT ASSETS
398,506
TOTAL ASSETS LESS CURRENT LIABILITIES
752,948
NET ASSETS
£ 752,948
THE FUNDS OF THE CHARITY
Restricted Funds
13
558,944
Unrestricted Funds
- Undesignated Funds
13
194,004
TOTAL FUNDS
£ 752,948
2025
31 March		 £
£
355,270
7,627
27,313
245,255
280,195
(48,635)
231,560
586,830
£ 586,830
350,000
236,830
£ 586,830
2024
31 March		 £
£
355,270
7,627
27,313
245,255
280,195
(48,635)
231,560
586,830
£ 586,830
350,000
236,830
£ 586,830
2024
31 March
280,195
(48,635)
752,948 586,830
£ 752,948 £ 586,830
558,944
194,004		 350,000
236,830
£ 752,948 £ 586,830

For the financial year ended 31 March 2025, 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 11 December 2025 and signed on their behalf by:

A. Stow (Director and Trustee)

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
14
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		 2025
£
230,122
8,483
8,483
238,605
245,255
£ 483,860		 2024
£
(143,950)
10,384
10,384
(133,566)
378,821
£ 245,255

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

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Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

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: 784A4A76-0693-462E-AED6-564FE023C63F

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

FOR YEAR ENDED 31 MARCH 2025

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: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

3 DONATIONS AND LEGACIES
Donations
Other Grants
Government Grants		 Unrestricted
Funds
2025
£
23,524
-
142,576
£ 166,100		 Restricted
Funds
2025
£
98,500
20,000
271,564
£ 390,064		 Total
Total
Funds
Funds
2025
2024
£
£
122,024
21,288
20,000
-
414,140
186,034
£ 556,164
£ 207,322

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
1,332
Shop income
14,216
Admissions
172,569
14,083
Memberships
473
Sundry income
643
Learning income
50,682
£ 253,998
5 INCOME FROM INVESTMENT INCOME
Bank interest receivable
110
Rent receivable
8,373
£ 8,483
Paranormal Investigations &
Ghost Walks		 -
-
-
-
-
-
-
£ -
-
-
£ -		 1,332
14,216
172,569
14,083
473
643
50,682
£ 253,998
110
8,373
£ 8,483		 524
17,328
163,746
14,696
482
322
43,085
£ 240,183
6
10,378
£ 10,384

17

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

6
ANALYSIS OF TOTAL EXPENDITURE
Funds
2025
6.1 Charitable activities
£
Staff costs
255,700
Premises costs
114,320
Administrative costs
23,648
Volunteer costs
11,476
Primary purpose trading
29,374
Stock expense
10,076
Sundry expense
1,218
Support costs (Note 6.2)
25,595
£ 471,407
6.2 Support costs
Independent Examiner's fee
925
5,393
Other professional fees
5,223
Advertising
12,450
Depreciation
828
Bank charges
776
£ 25,595
7
TOTAL STAFF COSTS
Wages and Salaries
Social Security Costs
Employer Pension Contributions
Unrestricted
Accountancy fees paid to
Independent Examiner		 Restricted
Funds
2025
£
20,000
-
-
-
161,120
-
-
-
£ 181,120
-
-
-
-
-
-
£ -		 Total
Funds
2025
£
275,700
114,320
23,648
11,476
190,494
10,076
1,218
25,595
£ 652,527
925
5,393
5,223
12,450
828
776
£ 25,595
2025
£
254,087
10,904
10,709
£ 275,700		 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

No employee earned £60,000 per annum or more in the year (2024 - none).

Number of employees

The average monthly headcount (including casual staff) was 19 for the year. (2024 - 14).

The average number of contracted staff as full time equivalent was 8 (2024 - 8).

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 £98,267 (2024 - £81,926).

18

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

8

RELATED PARTIES

No remuneration was paid to any Director/Trustee during the period. Travelling and subsistence expenses totalling £215 (2024 - £45) were reimbursed to 1 (2024 - 1) Director/Trustee during the period.

There were no other related party transactions in the reporting period which require disclosure (2024 - nil).

9 TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
At 31 March 2025
Net Book Amounts
At 31 March 2025
At 31 March 2024		 Plant and
machinery
£
8,279
8,279
3,009
828
3,837
£ 4,442
£ 5,270		 Land and
buildings
£
350,000
350,000
-
-
-
£ 350,000
£ 350,000		 Total
£
358,279
358,279
3,009
828
3,837
£ 354,442
£ 355,270

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.

10
DEBTORS
Trade Debtors
Prepayments and accrued income		 2025
£
9,954
2,209
£ 12,163		 2024
£
26,280
1,033
£ 27,313

19

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

11 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		 2025
£
72,882
13,028
11,500
2,066
-
-
£ 99,476
22,257
-
(22,257)
£ -		 2024
£
7,365
5,949
11,500
1,408
22,257
156
£ 48,635
10,213
22,257
(10,213)
£ 22,257

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.

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Undesignated
Funds
£
Current year
Tangible Fixed Assets
4,442
Current Assets
289,038
Current Liabilities
(99,476)
At 31 March 2025
£ 194,004		 Designated
Restricted
Funds
Funds
£
£
-
350,000
-
208,944
-
-
£ -
£ 558,944		 Total
Funds
£
354,442
497,982
(99,476)
£ 752,948
Unrestricted
Undesignated
Funds
£
Comparative year
Tangible Fixed Assets
5,270
Current Assets
280,195
Current Liabilities
(48,635)
At 31 March 2024
£ 236,830		 Designated
Restricted
Funds
Funds
£
£
-
350,000
-
-
-
-
£ -
£ 350,000		 Total
Funds
£
355,270
280,195
(48,635)
£ 586,830

20

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST (A company limited by guarantee)

NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

13 FUNDS
Restricted Funds
Land and buildings
COINS Foundation
Inspiration for a fairer future
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
2024
£
350,000
-
-
350,000
236,830
236,830
£ 586,830
Balance at
1 April
2023
£
350,000
17,061
40,182
991
-
6,900
415,134
323,587
323,587
£ 738,721		 Income
£
-
20,000
370,064
390,064
428,581
428,581
£ 818,645
Income
£
-
-
39,764
-
-
3,700
43,464
414,425
414,425
£ 457,889		 Expenditure
£
-
(20,000)
(161,120)
(181,120)
(471,407)
(471,407)
£ (652,527)
Expenditure
£
-
(17,061)
(190,061)
-
-
(9,557)
(216,679)
(393,101)
(393,101)
£ (609,780)		 Transfers
£
-
-
-
-
-
-
£ -
Transfers
£
-
-
110,115
(991)
-
(1,043)
108,081
(108,081)
(108,081)
£ -		 Balance at
2025
£
350,000
-
208,944
31 March
558,944
194,004
194,004
£ 752,948
Balance at
2024
£
350,000
-
-
-
-
-
31 March
350,000
236,830
236,830
£ 586,830

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: Funding for a project to renovate the Main Block and finance a new interpretation for the Museum.

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: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST

(A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

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

Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease/(increase) in stock
Decrease in debtors
Increase in creditors
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
ANALYSIS OF CHANGES IN NET DEBT
At
1 April
2024
£
Cash
245,255		 2025
£
166,118
828
(8,483)
5,668
15,150
50,841
£ 230,122
483,860
£ 483,860
Cash-flows
£
238,605		 2024
£
(151,891)
828
(10,384)
(1,579)
6,455
12,621
£ (143,950)
245,255
£ 245,255
At
31 March
2025
£
483,860

22

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

RIPON MUSEUM TRUST (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025

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

INCOME
Donations and legacies
Other trading activities
Investments
TOTAL INCOME
EXPENDITURE
Charitable activities
TOTAL EXPENDITURE
before transfers
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/(expenditure)		 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
Total
funds
2024
£
£
43,458
207,322
-
240,183
6
10,384
43,464
457,889
216,679
609,780
216,679
609,780
(173,215)
(151,891)
108,081
-
(65,134)
(151,891)
415,134
738,721
£ 350,000
£ 586,830

23

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

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

Docusign Envelope ID: 784A4A76-0693-462E-AED6-564FE023C63F

Appendix 1

RIPON MUSEUM TRUST (A company limited by guarantee) DETAILED INCOME & EXPENDITURE ACCOUNT FOR YEAR ENDED 31 MARCH 2025

£
£
TURNOVER
Donations
122,024
Other Grants
20,000
Government Grants
414,140
Membership admissions and other earned income
Fundraising events
1,332
Shop income
14,216
Admissions
172,569
Paranormal Investigations & Ghost Walks
14,083
Memberships
473
Learning income
50,682
809,519
OTHER OPERATING INCOME
Interest receivable
110
Rent receivable
8,373
Sundry income
643
9,126
TOTAL INCOME
818,645
DIRECT CHARITABLE EXPENDITURE
Staff costs
275,700
Premises costs
114,320
Administrative costs
23,648
Volunteer costs
11,476
Primary purpose trading
190,494
Stock expense
10,076
Sundry expenses
1,218
(626,932)
SUPPORT COSTS
Independent Examiner's fee
925
Accountancy
5,680
Other professional fees
4,936
Advertising
12,450
Depreciation
828
Bank charges and interest
776
(25,595)
(652,527)
Net surplus/(deficit) for the year
£166,118
2025		 £
£
21,288
-
186,034
524
17,328
163,746
14,696
482
43,085
447,183
6
10,378
322
10,706
457,889
254,019
68,454
20,604
12,123
225,607
4,631
3,855
(589,293)
925
4,462
1,707
11,896
828
669
(20,487)
(609,780)
£(151,891)
2024		 £
£
21,288
-
186,034
524
17,328
163,746
14,696
482
43,085
447,183
6
10,378
322
10,706
457,889
254,019
68,454
20,604
12,123
225,607
4,631
3,855
(589,293)
925
4,462
1,707
11,896
828
669
(20,487)
(609,780)
£(151,891)
2024
447,183
6
10,378
322
10,706
457,889
(589,293)
(20,487)
925
4,462
1,707
11,896
828
669
(609,780)
£(151,891)