REGISTERED COMPANY NUMBER.. 07995354 (England and Wales)
REGISTERED CHARITY NUMBER: 1148543
rtof
hè Trustees and
Financial Statements lor the Y
r Ended 31 Decèmbèr 2024
TUDOR HOUSE B
ADWAY TRUST

TUDOR HOUSE BROADWAY TRUST
Contents ol the Financial Statements
he
earended 31 Decernber2024
Page
Report ofthe Trustee5
3to4
Independent Examinèr's Report
statement of Financial Activities
Balan￿ Sheèt
Notes to the Financial Staternents
8t013
Detailed Statement of Financial ACtiv￿e$
14to15
Page 2

TUDOR HOUSE BROADWAY TRUST
Re
ar
ort of the Trusteas
1 De￿mber 2024
forth8
The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006. present their report wth the
financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of
Accounting and Ropotting by Charities.. Ststement of Recommendad Piacticé app1i¢able to charities p￿paring their accounts
in accordance with the Financial Reporting St3nd8id applicable in the UK and Republic of Irsland IFRS 1021 (effect￿ 1
January 20191.
Obj8Ctlve$ and actlvltles
Oblectlves and aims
The objectives of the charity are to establish and maintain a museum and art gallery for thè bgnefit ol the public and to
advance education in the arts.
Public bènefrt
The trustees have complied with their duty to have due regard to th8 guidance on public benafit published by the Charity
Commission.
The museum is oKEn for public aC￿sS lor a minimum of 6 days a week induding weekends and has *n adrnission charge
with con￿SSIOnS for families vAth chikjrèn, children. students and senior5. An initial con￿$s1on arr8ng8ment which lavoured
Worcestershire residents and families frorn the areas of highest nèed in the locality was in p18e8 UP to 31 March 2014.
The museum offers outreach and on-site programmes to schools and other interested oroup5 and rnakes every effort to be
fully inclusiv8 and work with children and young peopl8 from areas ol highest need to raise awareness, Confiden￿ and
ambition
Voluntsers
The Trustees aTe continually grateful to the many volunte&r5 who support the Museum In v8ri0us ways throughout the year.
During th8 yearthe number of Volunteers helping within the Museum increased to 30.
Strategic rgport
Achlevementand perforrnance
Charltablè activitie¥
The museum opened to the public on 7 Septemb8r 2013. The building was r8novatsd in a year-long pioj8Ct and displays a
selection of objects and works of art from Oxford's Ashmolean Museum 8nd from the local eommunity of Broadway,
Wor￿sterShire. There L% a shop within the rnyseum that provide5 an additional income stream.
The project has bèèn mad8 possible through the genèrtssity of H W Keil Limited, owner of the building which granted Tudor
House a long-tèrm lease. The project also recèived lead Supportfrom VVor￿St￿r5hlre County Council with a grant of £200,Q)O.
Ill S&plember 2017 the Museurn changed its public name to Broadw8y Museum and Art Gallery to reflect rts position and
strengthen its ties with the local wmrnunity.
Fundraising a¢tivilles
The Museum tsrganis88 occasional fundraising aetiwti8s with the aim ol increasing 8wareness of the Museum. raising funds
for it and involving the local communrty.
Flnaneial
view
Financial p081tlon
Having appointed 8 full time Diredor to the Mu58um, Anona van Lawiek, at the end ol February 2022 it was planned that th8
Trustees would invest som& of the reserves to help grow and develop thB Museum and its offeriThJ. The strategy that h85
been ¢Jeveloped is to take the Museum to 2025 and to help makè it mor8 sustainable and a bgneft to all. During the current
year discussions have begun on developing a strategy to 2030 and beyond.
During the period we hekl 3 major fundraising 8vents that were ntst only successful in raising the profile of tha Mus8urn but
also in raising funds. In addition the series of tslk5 has continu6d using presentations in the Museum thatwere 81so available
on lin8 and have been very successful.
The overall frnanci81 position was aided by Grants and by generous donations frorn Friends, Patrons and Benefactots. Induding
donations of £12,5(X) to enable the Museum to mount its very Su￿sSfUl John Singer Sargent Exhibitson in 2025 and is hdd in a
restricted fund at 31 D￿ernber 2024.
Reserves poll¢y
The Trustees are looking to maintain cash ￿SerVeS equivalentto 6 month5 expenditure to enable the Maintenan￿ ofthe
Museum operations.
Page 3

TUDOR HOUSE BROADWAY TRUST
Re
ort of the Trustee
ear ended 31 DeC￿ber 2024
rthe
Strategic
report
Financial
review
Going conc•m
The financial statements have been prepared on a going can￿M basis. Tha Trustees have rewewed and considered relevant
infonnation, induding the annual budget and future cash ffows in making their asséssment. In particular, the Trustees have
tasted their cash flow analysis to take into account the impact on their ￿sInesS of various possible scenarios. alongside th
measures that they can take to mrtigate many impacts. Bas8d on these assessments. given the measures that could be
undertaken to mitigate the current adverse conditions, and the Current resour￿$ available, thè Trustees have conclud8d that
they can continue to a¢Jopt the going Con￿rn basis in preparing th8 annual report and accounts.
StructLrre, govemance al￿ manag9ment
Govemlng document
The charity is controlled by its governing document, a de&1 of trust, and constitutes a lim￿ad company, lirnite(S by
guarantee, as defined by thè Companies Aet 2(M)6.
Recrultm8ntand appointment of new trust￿5
The recfuilrnent of new trustees is atthe discretion ol the èxi81irrtJ trustw.
Inductlon and tralnlng of new trust•t#
The induction an¢J training ol new ttustees is at the discretion of th& existing trustees. The Trustees serve for a p8ri0d of
three years and can stand lor r6-8lection at thè Annual Gen6r81 Meeting The Trustees retiring by rotation at th8 Annual
General Meeting are Mrs H Munro. Mrs A Locker and SJ Marson. Being eligible they 8re all standing for reelection along
with A J B McGiigor who is standing for elects'on having bè8n appointed to fill a casual vacancy during the perioj.
Related parties
There were no relsted paty transactions during thè period.
Reference and administrative details
Regl8tered Company numb•r 07995354
(England and Walesl
Règistgred Charity number
1148543
Regostered offlce
Tudor House
65 High Str8et
Broadway
w0￿$ter$hI
WR12 7DP
Trust•a$
Dr M A Rogers Rèti￿ Museum Director
J H Painter BA FCA Chartered Accountant
Mrs H Munro MA Msc FCIPD Retired Chief Executs"
J H Noott Art Dealer Iretired 25 S6pt8mber 20241
P A Oliver BSCACII Retired Insuran￿ Executy've (retired 6 January 20251
HH A J B M¢Grigor (appointed 28 February 20251
Dr E A Wilks European Director (￿tI[8d 4 March 20251
Mrs A Locker
S J Marson
MSNe81
Ms S While lappoin18d 13 Mareh 2024 and retir*J 29 May 20251
Report ol th
directors, on.
rust
rporating
trateg￿ repor( approved by order of the board ol trustees, as the company
. and signed on the board's t￿half by..
J H Painter BA FCA- Trustee
Page4

TUDOR HOUSE BROAOWAY TRUST
Indoponfl•nt Examinèffs Report to the Trusteos of
Tudor House Broadway Trust
Indopèndont &xamin•rfs rèportto tho trustseB of Tudor House Broadway Trust I'the Company'l
I report to the charity trustees on my examination ol the aceounts tsf the Company for thè ygar ended 31
December 2024.
Responsibllllles and basls of ￿port
As the charity's trustees of the Company land also its directors lor the purpos85 of company lawl you are responsible for the
preparation of the accounts in a¢¢ordance with the requirements ol the Compan￿$ Act 20061'the 2006 Act'i.
Hamng satisfied rnysell that the accounts of th6 Company are not required to be audited und8r Part 16 of the 2006 Act and
are eligible for ind8pend&nt examination. I report in respect of my examination of your charity's accounts as carried out under
Section 145 of the Charit16s Act 2011 I'thé 2011 Act'l. In carrying out my •xamination I hav8 ft)Il¢)wed the Directions gNon by
the Charity Commission under Section 145151 Ibl of the 2011 Act.
Indopondentgxaminerfs Slatsment
I have ccynpleted my examinthon. I confim that no matters have come to my attention in conre¢tion with the examin8tion
giving me cause to belièvè".
accounting fecords were not kept in r8spect ofthe Company as required by Section 386 of the 2006 Act,. or
the accounts do not accord with those records.. or
the accounts do not comply with the accounting r8quirements ol Section 396 of th8 2006 Act other than any
requirement that the accounts give a true and fair vi8w which is not a matter considefed as part of an inde￿ndent
examination., or
the accounts havè not been prepared in accordance with th& mèthcé$ and princip￿9 of the Stat8rnent of
Recomrnended practi￿ for accounting and repo￿n9 by charit1è518pplipRble to charities preparing their accounts in
accordance with the Financial Reporting Standard applicabl8 in th8 UK and Republic ol Ireland IFRS 10211.
I have no con￿M$ and have come across no other matters in connection wth the 8x8rnination to which attents.on should be
drawn in this report in or¢Jer to en&bla a prop8r undgrstanding ol the acc£Junts to be r8ached.
M Skellum FCA
Ballards LLP
Oakmore Court
Kingswood Road
Hamplon Lovett
DrO1￿1¢h
WRg OQH
Date..
Page 5

TUDOR HOUSE BROADWAY TRUST
Statement of Flrtancial Aetivitie$
for the
ear ended 31 December 2024
9 months
ended 31
December
2023
Total Funds
Year ended 31 Dfrcemb•r 2024
Note8 Restricted Unr&strl¢t•d fotal Fund8
Fund
Funds
Income And èndowments from
Donations and legacies
12.500
113,527
126.027
49,050
Other trading activities
Investsnent income
43,920
438
43,920
36,074
522
Total
12,500
157 883
170,383
Expendfj￿re on
Raising funds
12.151
12,151
19.299
Charltabl• aetivities
Museum Building
30.096
30,096
22,082
Oth8r
131 126
131,126
59,405
Total
173373
173,373
100.766
NET INCOMEIIEXPENDITUREI
12,500
115.4901
12,9901
115,1201
R•eonciliation of funds
Total funds brought forward
244.385
244,385
259.505
Total funds earned forward
12.500
228.895
241,395
Pag8 6

TUDOR HOUSE BROADWAY TRUST
(REGISTERED NUMBER 079953541
B lance She•t
31 Decembgr2024
2024
Total
funds
2023
Total
funds
Not•$
Fixed assets
Tangible assets
205,721
209,492
Current assets
Stocks
Debtors
Cash at bank and in hand
10
460
8,343
450
13.978
48.793
43.368
Creditors
Amounts falliro due within One year
12
113,1191
18,4751
Net curr•nt assets
35,674
Total assets 1¢$$ current liabilities
241.396
NET ASSETS
Funds
Unrèstricted funds
R65tiicted fund
13
228,895
244,385
Totsl funds
244,385
Tha charitable cornpany is antilled to exemption trom auyrt under Section 477 ofthe Companies Act 2006 forthe yearended
31 Decemter 2024.
The members have not required the company to obtsin an au¢Jit of its financial stataments for the yèar ended 31
Decernber 2024 in accordsnc8 With Section 476 01 th8 Cornpanies Act 2QKJ6.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable wmpany keeps accounting records that cornply with S8clions 386 8nd 387 of the
Companies Act 20(￿ and
preparing financi81 Statements which give 8 true and fair VI￿ of the state of 8ffairs ol the charit8ble company as at
the end of each finanoal year and of its surplus or d8ficit for each financi81 year in accordarice with the requirements
of Seotions 394 and 395 and which otherwise comply with the requir8menis of thè Companies Act 2006 relating to
financial statement5, 50 tsr as applicable to the charitable cotnpany.
Ibl
These financial statements have been prepared in accordaneè with t￿ provisions applicable to Charitab￿ compan￿8 subject
to the small eompanies regime.
n¢ial statement> W8re approved by the Board of Trustees and authorised for issue
and were signed on ils behalf by..
J H Painier BA FCA- Tru5t8e
Page 7

TUDOR HOUSE BROADWAY TRUST
Notes to the Financial Statements
forthe
nded 31 De￿mber 2024
Accountlng pollcles
8a¥is of preparlng tho flnaneial #tatements
The financial statements of the charitable company, which is a public benefit 6ntity und&r FRS 102, havè b8en
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Rèporting by Charities.. Statement of
Rècommended Practice applicab16 to charities preparing their accounts in accordance wth the Financial Reporting
Standard applicab￿ in the UK and Republic of I￿land IFRS 1021 (effective 1 January 20191., Financi81 Reporting
Siandard 102'The Financial Reporting St8nd8id applicable in the UK and Republic of Ireland. and the Compan￿$ Act
2006. The financial statemènts have been prepared undèr the historical cost convènts'on.
Income
All incom6 15 recconised in the Statement of Financial Activities Oll￿ th8 charity has entitlemant to the funds, it is
probable that the income will be rerewed and the amount can be rneasured raliably.
Expendlture
Liabilitles are recognised as exp&nditure a3 soon as there is a *al or constructive oblig8t4on comrnitting the charity
to that expenditure, it is probable that 8 transfer of economic i￿nefits will be required in Settlement and the atnount
of the obl￿atIon c8n be measured reliably. Expenditure is accounted for on an accru81s basis and has been classified
undor h8ading5 that agg￿gate all cost ielated to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a ba*s consistent wth the use ol resourtss.
Tangible fixed assets
Depreciation is provided at the following annual rates in order lo write off each assèt over its estimated uselul lits.
Short ￿a$ehOld
Fixtu￿$ and fitting$
Computerequipment
Straight line ovar 33 y8ar3
10°A on cost
33¥ts on cost
Stocks
Stocks ale valuad at th8 lower of cost anol net ￿alls•ble value, after rnaking due allowance for obsolete and slow
momng item5.
Taxation
The Charty is exempt from corporation tax on ils charitable activths.
Fund accoUn￿ng
Unrestricted funds can be used in accordance with the charitable obj6ctwe5 atthe discretion of thg Trusiees.
Restricted funds can only b8 used for particular ￿$triCtEd purposes within the objects of the Charty. Rostrictions arise
when speafi6d by the donor or when funds afy rai58d for particular restricted purposes.
Furtherexplanation of the natufy and purpose of each fund is induded in the notes to thè financial siatements.
Hlrè pureha80 and leaslng commstinènts
Rentals paid under operating leasgs are charged to the St8tern8nt of Financial Actiwtiès on a straigm line basis over
the period of the lease.
Pension costs and oth•r post-retiremenl beneflts
The charitable company operates a defined contributs.on pension scheme. Contributions payab￿ to the ch8rit8ble
company's pènsion 8¢heme are charged to th8 Statement of Financial Activibe5 In the period to which they rdate.
Going concern
The financial statements h8ve been prepared on a going concem basis. The Trustee5 have reviewed and considered
relevant information, Including the annual budget and futur8 cash flows in making their assessment. In particular, the
Trustees have t8Sted their cash fiow analysis to take into account the Impact on their business of various possible
scenarios, 81ongside the measures that they ¢8n take to mitigate their impa¢t. Based on the58 8s5e5sments, given the
measur88 th81 could be undertaken to mitVJ8te the current adverse condib'ons, and the current resour￿$ available,
th8 Trustees have conduded that th8y can continue to adopt the going concern basis in preparing the annual report
and accounts
Page 8

TUDOR HOUSE 8ROADWAY TRUST
the Financial St8teménts- con
for th8
d 31 December 2024
Oth•r tradlng activitiès
Year ended
31
Dae•mber
2024
9 months
ended 31
December
2023
Fundraising events
Shop income
Spon$otships
24.906
18.014
29.595
5.479
43,920
36.074
Imi•stmènt in¢ome
Yèar ended
31
Docember
2024
9 months
ended 31
Dtrcornber
2023
Interesl receivable- trading
436
522
Raising Funds
Raising Donatlon8 and Legaei•$
Yoar ended
31
December
2024
9 months
ended 31
December
2023
Fundraising
Lecture costs
11A69
682
13.940
272
Net in¢omellexpendlturè}
Net incornellexpenditurèl is st8ted after chargingllcreditingl..
Year ended
31
D￿ember
2024
9 months
ended 31
D•cernb?r
2023
Depreciation- owned assets
Hire ol plant and machinery
7,595
621
6,532
469
Trust••s' remuneration and benefits
Thèrè we no trustees, ￿muneratIon or other benefits for tha year ended 31 0ecemb8r 2024 nor for thè peiiod
8nd8d 31 December 2023.
Trusteo's expen8QS
There were no trustees, &xpenses paid for the year endad 31 Decernber 2024 nor for the period and8d 31
De￿rnber 2023.
Page 9

TUDOR HOUSE BROADWAY TRUST
Notes to the Financi
Statements- continu
for
he
ear ended 31 DÈ
r 2024
Stsff ¢o¥ts
The averaga monthly numberof employees during the yearwas as follows..
Year ended
31 Dec•mb8r 2024
9 months •ndèd
31 Dècember 2023
Administration
No employees receNed emoluments in eX￿sS of£60,OC4J.
Comparativ￿ forthe statem•nt offinanclal aclviti08
Unrestrfcted
Fund
Income and endowm•nt8 from
Donations arKJ
49.51X)
Other trading activitF85
Investment inccKne
36,074
522
Total
E¥pendlture on
Ra￿Ing funds
19,29g
Charitabte activitle$
Musèum Buikliro
other
22,062
59,405
T¢)tal
100,766
NET DEFICIT
115,1201
Reconciliation of fvnds
Total funds brought forward
259,505
Total funds earrted foThMrd
244,385
Page10

TUDOR HOUSE BROADWAY TRUST
Notes to the Fin
ncial Statements- contin
for th
ear ended 31 Decern
Tangible fixed assets
Short
lea$ghol
Flxtur•s
and
fittings
Computer
Equrpment
Total
Cost
At 1 January 2024
Additions
259,701
91,971
3,075
11.593
749
363,265
At 31 D8C8rnber 2024
259 701
95 046
Depreclatlon
At 1 January 2024
Charge for the year
59,358
83,500
10,915
597
153,773
At 31 December 2024
Net book value
At 31 December 2024
194.509
10,382
830
205 721
At 31 De￿mber 2023
200,343
8,471
678
209,492
10.
Stocks
2024
2023
stock3
450
450
D•btorn: amount8 falllng du• wlthln onè year
2024
2023
Trad8 debtors
Prepayments
126
8,217
5,231
8.343
13,978
12.
Credltors.. amounts falling due wlthln ona y•ar
2024
2023
Trade creditors
Social security and other tsxes
Other creditors
Aceru8ls and defer￿5 income
9,751
654
400
5,818
466
2.191
13,119
8,475
Page11

TUDOR HOUSE BROADWAY TRUST
Note
he Financial Statém8n
- conknnued
he
ear ended 31 De
mber 2024
13.
Mov•ment In fund8
Net
movom•nt
in funds
At
111124
At
31112124
Unrestrlcted funds
General fund
244,385
115,4901
228,895
Restrlctod fund
John Singer Sargent ExhIb￿On
12,500
12,500
TOTAL FUNDS
244.385
2.990
241.395
Met rnovement in funds. included in 8bove are as ftsllows
Ir￿mIng
resources
Resources
expended
Mtsvemgnt
in funds
Unmstrictsd funds
General fund
157,883
1173,8731
115,4901
Restrlcted fund
John Singer Sarg6nt Exhibition
12,500
12,500
TOTAL FUNDS
170 383
173873
Comparatlves for movèment in funds
Net
movemènt
Sn fund8
At
114123
At
31112123
Unrestrfetèd funds
Genera5 fund
259.505
115.1201
244,385
TOTAL FUNDS
259,505
15,120
244,385
A current year arid priorperiod ol g months combined position
is as follows..
N•t
movement
in fund6
At
114123
At
31112124
Unrestricted funds
General fund
259.505
{30,6101
228,895
R•5tricted fund
John Singer Sargent Exhibrf(ion
12,500
12,500
TOTAL FUNDS
259.505
241.395
Page12

TUDOR HOUSE BROADWAY TRUST
tes to the Financial Statemen
ntinu6d
for tho
ear ende
1 Decernber 2024
13.
Movement Sn funds- continuad
A current year and prior period of 9 rnonths combined not movèment in fvnds incI￿led in thè above are as follows..
Incoming
resourc&s
Resour￿$
expended
Movement
in funds
UnYestrl¢te(I funds
G&nèial fund
243,529
1274,1391
130,6101
Restrlcted fund
John Singer Sargént Exhibition
12,500
12.5(Kl
TOTAL FUNDS
256.029
274,139
18,110
14.
Related party dlsclosur•s
There w6ro no related party transactions during th8yearended 31 Decamber2024. 19 months ended 310ecemb&r
2023 £nill
Page13