REGISTERED COMPANY NUMBER.. 07995354 (England and Wales) REGISTERED CHARITY NUMBER- 1148S43 Re rt oflhe Trustees Unaudited Financial S alements for the Months Ended 31 December 2 for TUDOR HOUSE BROADWAY TRU TUDOR HOUSE BROADWAY TRU Contents ofthe Fin I Statements for the 9 Months ended 31 De rnber2023 Page Report oflhe Trustees 1 to 2 Independent Examiners Report Statèment of Financial Activttie Balance Sheet Notes to the Finanaal Stslernenls 6 to 10 Detailod Ststement of Financial A(awities 11 to 12 TUDOR HOUSE BROADWAY TRU Re ort ofthe Tru Months ended 31 D ees mber 2￿23 forth The IrL¢slees who are alsts directors of the charity for the purposes of the Companies Act 2Q06, presènt their report wth the financial statements of the charity for the 9 Months ended 31 December 2023. The Iruslees have adopted the provisions of Accounting and Rèp()rting by Charities.. Statèment of Recommended P18¢1ice applicable lo charities preparillg their accounts in accordance with the Financial Reporting Standard applicab￿ in the UK and RéputAic of Ireland IFRS 1021 (effective 1 January 20191. Objectlves and activities Objectives and aims The ObjeCt￿eS of the charity are to establish and maintain a museum and art gallery for th6 bènefit of the public and lo advance education in the arts. Public benefit The trustees h8ve complied wth their duty to have due regard to the guidance on pulli¢ benefit published by the Charity Commission. The mvsèum is open for public access for a minimum of 6 days a week Including weekends and has an admission charge with concessions for families with children, children, students and seniors. An initial concession arrangetnenl which favoured Worcestershire residents and families from the areas of high&sl need in the locality was in pla￿ up to 31 March 2014. The museum offers outreach and on-site programmes to 8chools and other int8r8sted groups 8nd makes every effort to be fully inclusive and work with childrèn and young people from 8Feas of highest need lo raise aw8reness, confidenc8 and ambition Volunteers The Trusteès are continualty grateful to the many volunteers who 8UPPOrt ihe Musèum in various ways throughout the year. Strategic report Achievement and perforniance Charitable actlviti•s The museutn opened lo the public on 7 September 2013. The building was renovated in a year-long project and displays a selection of objects and work$ of art from Oxford's Ashmolean Museum and from the local cornmunity of Broadway, Worcesletshire. There is a shop within the museum th81 provides an additional income stream. The project has been made possible through the generosity of H W Keil Limited, owner of the building which granted Tudor House a ltsng-tetrn lease. The projèct also received lead support from wOr￿sLerShi1e County C¢uncil wilh a grant of £200,000. In September 2D17 the Museum changed ils public name to Broadw8y Museum an¢J Art Gallery to reflect its posib'on and strengthen its ties with the local community. Fundraising activltlos The Museum organises Lwsional fundraising activities with the aim of increasing 8wareness of the Museum, Taising funds for it and involving the local community. Financial revi•w Financial posltlon Having appointed a full time Dir6¢tor lo the Museum, Anona van Lawick, at the end of Febnjary 2022 it was planned that we would invest some of the reserves lo help grow and develop the Museum ils offering. The strategy that has been developed is to lake the Museum to 2025 and to help make il more sustainable and a benefit to 811. During the period we held 2 major fundraising events.. a lunth held 8t The Lygon Arms in Broadway and a stall providing hol drinks and museum gifts at the Broadway Evening ChristFnas Shopping Th85e evenls were not only successful in raising the profilè of the Museum but in raising funds. In addition the series of talks has continued using presentatsons in the Museum that were also available on line and have been very succe55ful. The overall financial position was aided by Grants 8nd by generous donations from Frtends, Patrons and Benefactors. Reserves pollcy The Trustees are looking to maintain CA$h reseNes equThi8lènt lo 6 months expènditure to enable the maintenance of the Museum operations. Page 1 TUDOR HOUSE BROADWAY TRUST Re ort of the Trustees for the 9 Months ended 31 December 2 Strategic rgPQrt Financial r*view Going concem The financial statements have been prepared on a going concem basis. The Trustees have reviewed and Considered relevant infom)ation. including the annual budget and future cash flows in making their assessment. In particular, tho TnJstée$ have tested their cash flow analysis to take into account the impa¢t on their business of various possible scenarios, alongside the measure5 that they can take to mitigate many impacts. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions. and the current resources available, the Tnjstees have conduded that they can continue lo adopt the going concem basis in preparing the annual report and 8ccounts. Structu￿, govemance and managemènt Governing docum•nt Thè charity is controlled by its goveming document. a deed of trust. and constitutes a limited company, litnited by guarantee, as defined by the Companies Act 2006. Recrultm•ntand appointmant of new trustees The recruitment of new trustees is at the discretion of the existing trustees. Induction and training of new trustees The induction and training of new trustees is at the discretion of the exisb.ng trustees. The Trustee$ Serve for a period of three years and can stand foi r8-ele¢tion at the Annual General Meets'ng The Trustees retiring by rotation 8t the Annual General Meeting are J H Painter, M A Roge15 and J H Noott. J H Painter and M A Rogers ale standing for re-election and S White is standsng for election having been appointed to fill a casual vacancy during the per*od. Related parties There were no related party transactions during the peri¢xl. In the year ended 31 Mafch 2023 the Charity recewed p3yro11 support for £109 from Haines Watts Worcester Limited a business that John Painter, a Tiustee, was formerfy 8 Diieclor until 31 Marth 2021. Reference and administrative detsils Registered Company numbgr 07995354 (England and Walès) Reglstergd Charity number 1148543 R•gistered offlce Tudor House 65 High Street Bioadway w0￿SterShire WR12 7DP TruBtees J H Painter BA FCA Chartered Accountant Mrs H Munro MA Msc FCIPD Retired Chief Executive J H Noolt Art Dealer P A Oliver Bsc ACII Retired Insurance Executwe Dr M A Rogers Retired Museum Director Dr E A Wilks European Director MISA Lctker (appointed 619120231 S J Mar80n lappointed 619r20231 M S Neal (appointed 619120231 Ms S White (appointed 13103r20241 Report of the directors, on rustee5 rating a stfategic report. approved by ordèr of the board of trustees. as Ihg ￿MpanY .and signed on the board's behalf by.. J H Painter 8A FCA- Trustee Page 2 Inde ndenl Examinerfs Re ort to the Trustees of Tudor House Broadwa Trust Independgnt examinerfs report to the trustees of Tudor Hou$¢ Broadway Trust I'the Company'l I report lo the charity trustees on my examination of the accounts of the Company for the 9 Mgnlhs ended 31 De￿mber 2023. Responslbllitiès and basis of report As the charity's trustees of th& Company land also its d1￿CtorS for the purposes of company lawl you are resp()n$ible for the prep8ialion of the accounts in accofdan¢e with the requirements tsf the Companies Act 20￿ Ilhe 2006 Act). Having satisfied mys81f that the acLounts of the Company are not required to be audited under Part 16 of the 20Cf Act and are èligible for independent examination, l Teport in respect of my exarnin81ion of your charity's accounts as carried out under Section 145 of the Charities Act 2011 fthe 2011 Act'l. In carrying out my examination I have foll