**REGISTERED COMPANY NUMBER: 08341084 (England REGISTERED CHARITY NUMBER: and Wales) 1152735**
# **The Pickering Beck Isle Museum Of Rural Life**
## **Unaudited Financial Statements**
**3 st December 202 1 3**
## **The Pickering Beck Isle Museum Of Rural Life**
**Contents of the Financial Statements for the year ended 31 December 2023**
||**Page**|
|---|---|
|**Chairperson's Report**|1|
|**Report of the Trustees**|2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5 to 6|
|**Notes to the Financial Statements**|7 to 12|
## **The Pickering Beck Isle Museum Of Rural Life**
## **Chairperson's Report**
## **for the year ended 31 December 2023**
2023 has been another challenging year rising overheads and falling admissions have led to another year with a substantial trading loss.
Unfortunately, the unseasonably wet weather had a negative effect on the fabric of the building, with the roof letting in water at various places. The most serious to our visitor experience was the partial collapse of the nursery ceiling. In the new year we will be applying for a MEND grant to carry our essential repairs, we should hear if we are successful mid 2024 with work commencing in 2025.
The Collections manager Sarah successfully applied to the Heritage Lottery fund for a grant to carry out a Collections review, this grant was for £97698 payable in two halves. A collections assistant has been employed to carry out the review, with Sarah working an additional day to oversee the project.
Various initiatives have been put in place to raise additional funds, the most successful being Music Events which trustee Bruce Pickup organized and publicized with help from volunteers. These events raised almost £4000 with minimal costs. Thanks, must also go to our sponsors Enterprise Motors of Pickering for their support. These events will continue in 2024.
The Christmas fair and summer raffle also raised much needed funds. Michala the operations manager expanded our craft workshop offering which we will continue to develop in 2024.
The museum was also due for reaccreditation in 2023 this had been delayed due to lock down. Much of the managers time during our closed season was taken up with updating the policies ready for submission in early January 2024.
Due to falling visitor numbers and shortage of front of house volunteers the trustees had to revisit the opening hours of the museum. It was decided to open five days per week Monday to Thursday and Saturday. This decision has not been found to negatively impact on visitor numbers with Saturday showing an increase in trade compared to 2022.
The trustees are extremely grateful to all the volunteers who give their time to every aspect of the museum many taking on more than one role. Without you all we would cease to exist.
Page 1
## **The Pickering Beck Isle Museum Of Rural Life**
## **Report of the Trustees for the year ended 31 December 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objective of the Museum is to collect, preserve and exhibit items of local historical interest and to inspire, educate and entertain visitors.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
08341084 (England and Wales)
## **Registered Charity number**
1152735
## **Registered office**
Beck Isle Bridge Street Pickering North Yorkshire YO18 8DU
## **Trustees**
A R Bundy (Resigned on 19/09/2023) S Croft P R Hall J Kinghorn S Knight J Leigh A C P Mcdonnell (Resigned on 19/09/2023) S C Pacey (Resigned on 27/03/2024) B Pickup Rev D M Talbot (Appointed on 05/04/2024)
## **Independent Examiner**
Smailes Goldie Chartered Accountants 50-51 Hungate Pickering North Yorkshire. YO18 7DG
Approved by order of the board of trustees on …5[th] June 2024………….. 2024 and signed on its behalf by:
Page 2
## J Kinghorn - Trustee
## **Independent Examiner's Report to the Trustees of The Pickering Beck Isle Museum Of Rural Life**
## **Independent examiner's report to the trustees of The Pickering Beck Isle Museum Of Rural Life ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity's trustees (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 Charities Act 2011 (‘the 2011 Act’) and Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity 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 the charity's accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act or 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Nicola Shipley FCA
Smailes Goldie Chartered Accountants 50-51 Hungate Pickering North Yorkshire. YO18 7DG
…………………… 2024
## **The Pickering Beck Isle Museum Of Rural Life**
**Statement of Financial Activities for the year ended 31 December 2023**
**2023** 2022
Page 3
|Unrestricted
funds
**INCOMING RESOURCES FROM:**
Notes
£
Donations and legacies
**5,928**
Admissions
**29,253**
Grants received
**-**
Sale of artefacts
**-**
Shop and sundry income
**16,577**
Interest receivable
**865**
**Total**
**52,623**
**RESOURCES EXPENDED:**
**Charitable expenditure:**
Charitable activities
2
**66,832**
**Total**
**66,832**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**(14,209)**
Total funds brought forward
**312,494**
**TOTAL FUNDS CARRIED FORWARD**
**298,285**|Restricted
fund
£
**-**
**-**
**53,587**
**-**
**-**
**-**
**53,587**
**18,425**
**18,425**
**35,162**
**10,356**
**45,518**|**Total**
**funds**
**£**
**5,928**
**29,253**
**53,587**
**-**
**16,577**
**865**
**106,210**
**85,257**
**85,257**
**20,953**
**322,850**
**343,803**||
|---|---|---|---|
|||||
|||||
Page 4
The notes form part of these financial statements
Page 5
## **The Pickering Beck Isle Museum Of Rural Life**
## **Balance Sheet 31 December 2023**
|Unrestricted
funds
**FIXED ASSETS**
Notes
£
Tangible assets
**CURRENT ASSETS**
6
**250,000**
Stocks
7
**3,019**
Debtors
8
**-**
Cash at bank and in hand
**55,774**
**CREDITORS**
**58,793**
Amounts falling due within one year
9
**(5,229)**
**NET CURRENT ASSETS**
**53,564**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
**303,564**
Amounts falling due after more than one
year
10
**(5,279)**
**NET ASSETS**
**298,285**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
**-**
**-**
**-**
**45,518**
**45,518**
**-**
**45,518**
**45,518**
**-**
**45,518**|**2023**
**Total**
**funds**
**£**
**250,000**
**3,019**
**-**
**101,292**
**104,311**
**(5,229)**
**99,082**
**349,082**
**(5,279)**
**343,803**
**298,285**
**45,518**
**343,803**|2022
Total
funds
£
250,000
4,030
494
89,735
94,259
(9,596)
84,663
334,663
(11,813)
322,850|
|---|---|---|---|
|||||
|||||
||||312,494
10,356
322,850|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
continued...
Page 6
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
## **The Pickering Beck Isle Museum Of Rural Life**
## **Balance Sheet - continued 31 December 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 5[th] June 2024…………. and were signed on its behalf by:
J Kinghorn - Trustee
continued...
Page 7
The notes form part of these financial statements
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements for the year ended 31 December 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land
Nil
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities allocated to the appropriate heading.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
|**2.**
**CHARITABLE ACTIVITIES**
**2023**
2022
**£**
£
Opening stock
Purchases
Closing stock
Trading activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Subscriptions
Repairs and renewals
Cleaning and maintenance
Sundries
Software and support
Grants - projects expenditure (all of which is restricted funds)
Conservation and displays
Fixtures and fittings
Bank charges
Bank loan interest
Accountancy fees
Independent examination fees
Legal fees
Hire of|**4,030**
3,577
**3,372**
3,387
**(3,019)**
**4,383**
**34,096**
34,228
**1,126**
483
**492**
492
**4,425**
5,022
**2,330**
8,443
**758**
685
**784**
1,031
**2,301**
4,174
**429**
534
**4,876**
15,036
**2,816**
4,541
**3,308**
2,284
**898**
876
**18,425**
-
**322**
1,716
**-**
106
**1,099**
926
**261**
341
**564**
360
**1,500**
1,063
**-**
130
hall
**64 **
204
**85,257**
**85,609**|
|---|---|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Wages and salaries
Social security
Pension|**2023**
2022
**43,228**
34,228
**-**
-
**1,451**
483
**44,679**
34,711|
|---|---|
||**4**|
continued...
Page 10
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
## **4. STAFF COSTS (continued)**
The average monthly number of employees during the year was as follows:
|Part time managers
Part time team|**2023**
**3**
**2**
~~**5**~~|2022
2
2
~~4~~|
|---|---|---|
No employees received emoluments in excess of £60,000.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
Notes
£
**INCOMING RESOURCES FROM:**
Donations and legacies
**3,968**
Admissions
**33,814**
Grants received
**4,000**
Sale of artefacts
**-**
Shop and sundry income
**9,722**
Interest receivable
**214**
**Total**
**RESOURCES EXPENDED:**
**Charitable expenditure:**
Charitable activities
3
**81,295**
**Total**
**81,295**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**(29,577)**
Total funds brought forward
**342,071**
**TOTAL FUNDS CARRIED FORWARD**
**51,71**
**8**
**312,4**
**94**|Restricted
fund
£
**-**
**-**
**4,314**
**1,470**
**-**
**-**
**4,314**
**4,314**
**1,470**
**8,886**
~~**5,78**~~
**4**
**10,35**
**6**||
|---|---|---|
||||
continued...
Page 11
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
|**6.**
**TANGIBLE FIXED ASSETS**
Freehold
property
**COST**
At 1 January 2023 and
31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**7.**
**STOCKS**
**2023**
2022
**£**
£
Stocks
**3,019**
**8.**
**DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2023**
2022
**£**
£
Trade debtors
**-**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
2022
**£**
£
Trade creditors
**45**
Social security and other taxes
**-**
Accrued expenses
**1,917**
Other loans
**3,267**
-
**5,229**
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2023**
2022
**£**
£
Other loans (see note 11)
**5,279**
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
**2023**
2022
**£**
£
Amounts falling between one and two years:
Other loans less than one year
**3,267**
Other loans - 1-2 years**3,267**
3,267
Other loans – 2-5 years|**6.**
**TANGIBLE FIXED ASSETS**
Freehold
property
**COST**
At 1 January 2023 and
31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**7.**
**STOCKS**
**2023**
2022
**£**
£
Stocks
**3,019**
**8.**
**DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2023**
2022
**£**
£
Trade debtors
**-**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
2022
**£**
£
Trade creditors
**45**
Social security and other taxes
**-**
Accrued expenses
**1,917**
Other loans
**3,267**
-
**5,229**
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2023**
2022
**£**
£
Other loans (see note 11)
**5,279**
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
**2023**
2022
**£**
£
Amounts falling between one and two years:
Other loans less than one year
**3,267**
Other loans - 1-2 years**3,267**
3,267
Other loans – 2-5 years|**3,019**|£
**250,000**
**250,000**
250,000
4,030
494
116
-
9,481
9,597
11,813
3,267
**2,012**
5,279|£
**250,000**
**250,000**|£
**250,000**
**250,000**|£
**250,000**
**250,000**|
|---|---|---|---|---|---|---|
|||||250,000|||
||||||4,030
494
116
-
9,481
9,597
11,813|4,030|
|||**-**||||494|
|||||||116
-
9,481|
|||||||9,597|
|||**5,279**|||||
|||**3,267**|||3,267
5,279||
continued...
Page 12
Page 13
eontinued...
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
## **12. MOVEMENT IN FUNDS**
|**Restricted funds**
**312,494**
Restricted funds
**10,356**
**TOTAL FUNDS**
**322,850**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**52,623**
**Restricted funds**
Restricted funds
**53,587**
**TOTAL FUNDS**
**106,210**
At 1.1.23
**Unrestricted funds**
£
General fund
**287,333**
Property Fund
**25,161**|**(14,209)**
**298,285**
**35,162**
**45,518**
**20,953**
**343,803**
Resources
Movement
expended
in funds
£
£
**66,832**
**(14,209)**
**18,425**
**35,162**
**85,257**
**20,953**
Net
movement
At
in funds
31.12.23
£
£
**(14,209)**
**273,124**
**-**
**25,161**|
|---|---|
Page 14
## **The Pickering Beck Isle Museum Of Rural Life**
## **Notes to the Financial Statements - continued for the year ended 31 December 2023**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|movement At At 1.1.22 in funds 31.12.22
£
**Unrestricted funds**
General fund
316,910
Property Fund
25,161
342,071
**Restricted funds**
Restricted funds
8,886
**TOTAL FUNDS**
350,957
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£
**Unrestricted funds**
General fund
51,718
**Restricted funds**
Restricted funds
5,784
**TOTAL FUNDS**
57,502||Net
£
(29,577)
-
(29,577)
1,470
(28,107
)
£
(81,295)
(4,314)
(85,609
)|£
287,333
25,161
312,494
10,356
322,850
£
(29,577)
1,470
(28,107
)|
|---|---|---|---|
|||||
|||||
|||||
|||||
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 15
Page 16