REGISTERED COMPANY NUMBER: 08341084 (England and Wales) REGISTERED CHARITY NUMBER: 1152735
The Pickering Beck Isle Museum Of Rural Life Unaudited Financial Statements 31[st] December 2024
Smailes Goldie Chartered Accountants 50-51 Hungate Pickering North Yorkshire YO18 7DG
The Pickering Beck Isle Museum Of Rural Life
Contents of the Financial Statements for the year ended 31 December 2024
| 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 2024
Admission numbers remained constant from 2023 to 2024; revenue was slightly increased due to a small increase in admission costs. Shop revenue also increased by circa 15%.
The good news for 2024 was the museum was reaccredited. Thanks to Sarah and Michala for their hard work in securing this. Accreditation is necessary to allow access to various funding sources.
The music events continued to be a success and source of revenue, unfortunately the weather was not always helpful with some very cold evenings. A planning application has been submitted to redevelop the open cart shed as a flexible meeting/exhibition space. This will be available for a variety of uses, incorporating a food preparation area for pop-up cafes and private hires.
Much work was carried out in preparation for our “Warm & Dry” funding application of 388K to Arts Council England. Many meetings were necessary with Historic England, Specialist Architects and contractors, costs relating to this application were more than £14k and contributed to a net loss in the museum accounts. As I write this in April 2025, I can report that thankfully we were successful and work to re- roof, insulate and repair the building will commence in late 2025.
Financial pressures caused the museum trustees to re-evaluate the staffing levels. Sarah Maultby left her position as Museum Collections Manager in July 2024 for a post as curator at the Yorkshire Air Museum. Michala Pearson, the Operations Manager, decided to move sideways into the NHLF project manager post. The decision was made to run the closed season without a museum manager, employing Leonie McKenzie from the NHLF project for one day a week to keep the museum ticking over. The preparation for appointing a manager in 2025 started late 2024 and a manager will be in post for the new season.
Once again, the Christmas Fair and raffle was a great success with total takings of £2,077. Thanks to all the hard work the volunteers put in to organising this event and the continuing contribution to the upkeep and operation of the museum.
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The Pickering Beck Isle Museum Of Rural Life
Report of the Trustees for the year ended 31 December 2024
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 2024. 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
S Croft P R Hall (Resigned 05/06/2024 J Kinghorn S Knight J Leigh S C Pacey (Resigned on 27/03/2024) B Pickup Rev D M Talbot (Appointed on 05/04/2024 – Resigned 06/07/2024) C H Hawkes (Appointed on 17/09/2024) V L Stephens (Appointed on 17/09/2024)
Independent Examiner
Smailes Goldie Chartered Accountants 50-51 Hungate Pickering North Yorkshire. YO18 7DG
Approved by order of the board of trustees on and signed on its behalf by: 12 Jul 2025
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J Kinghorn - Trustee
Page 2
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 2024.
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:
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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
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the accounts do not accord with those records; or
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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.
Smailes Goldie
Nicola Shipley FCA
Smailes Goldie Chartered Accountants 50-51 Hungate Pickering North Yorkshire. YO18 7DG
……………………
14 Jul 2025
Page 3
The Pickering Beck Isle Museum Of Rural Life
Statement of Financial Activities for the year ended 31 December 2024
| Unrestricted funds Notes £ INCOMING RESOURCES FROM: Donations and legacies 8,442 Admissions 32,582 Grants received - Shop and sundry income 19,018 Interest receivable 1,694 Total 61,736 RESOURCES EXPENDED: Charitable expenditure: Charitable activities 2 80,110 Total 80,110 NET INCOME/(EXPENDITURE) (18,374) RECONCILIATION OF FUNDS Total funds brought forward 298,285 TOTAL FUNDS CARRIED FORWARD 279,911 |
Restricted fund £ - - 1,000 - - 1,000 33,140 33,140 (32,140) 45,518 13,378 |
2024 Total funds £ 8,442 32,582 1,000 19,018 1,694 62,736 113,250 113,250 (50,514) 343,803 293,289 |
2023 Total funds £ 5,928 29,253 53,587 16,577 865 106,210 85,257 85,257 20,953 322,850 343,803 |
|---|---|---|---|
The notes form part of these financial statements
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The Pickering Beck Isle Museum Of Rural Life
Balance Sheet 31 December 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 250,000 CURRENT ASSETS Stocks 7 2,421 Cash at bank and in hand 36,003 38,424 CREDITORS Amounts falling due within one year 8 (6,843) NET CURRENT ASSETS 31,581 TOTAL ASSETS LESS CURRENT LIABILITIES 281,581 CREDITORS Amounts falling due after more than one year 9 (1,670) NET ASSETS 279,911 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 13,378 13,378 - 13,378 13,378 - 13,378 |
2024 Total funds £ 250,000 2,421 49,381 51,802 (6,843) 44,959 294,959 (1,670) 293,289 279,911 13,378 293,289 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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
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The Pickering Beck Isle Museum Of Rural Life
Balance Sheet - continued 31 December 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
12 Jul 2025 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:
J Kinghorn - Trustee
The notes form part of these financial statements
Page 6
The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements for the year ended 31 December 2024
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.
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.
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The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements - continued for the year ended 31 December 2024
2. CHARITABLE ACTIVITIES
| 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 Bank charges Bank loan interest Accountancy fees Independent examination fees Legal fees Hire of hall |
|
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Wages and salaries | 44,753 | 43,228 |
| Social security | - | - |
| Pension | 1,657 | 1,451 |
| 46,410 | 44,679 |
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The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements - continued for the year ended 31 December 2024
4. STAFF COSTS (continued)
The average monthly number of employees during the year was as follows:
| Part time managers Part time team No employees received emoluments in excess of £60,000. |
2024 3 2 5 |
2023 3 2 |
|---|---|---|
| 5 | ||
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Notes Unrestricted funds £ INCOMING RESOURCES FROM: 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 3 66,832 Total 66,832 NET INCOME/(EXPENDITURE) (14,209) RECONCILIATION OF FUNDS 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 |
2023 Total funds £ 5,928 29,253 53,587 - 16,577 865 |
|---|---|---|
| 106,210 | ||
| 85,257 | ||
| 85,257 | ||
| 20,953 322,850 |
||
| 343,803 |
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The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements - continued for the year ended 31 December 2024
| 6. TANGIBLE FIXED ASSETS COST At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 7. STOCKS Stocks 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses Other loans 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 11) 10. LOANS An analysis of the maturity of loans is given below: Amounts falling between one and two years: Other loans less than one year Other loans - 1-2 years Other loans – 2-5 years |
6. TANGIBLE FIXED ASSETS COST At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 7. STOCKS Stocks 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses Other loans 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 11) 10. LOANS An analysis of the maturity of loans is given below: Amounts falling between one and two years: Other loans less than one year Other loans - 1-2 years Other loans – 2-5 years |
2024 £ 2,421 2024 £ 1,375 1,941 3,527 6,843 2024 £ 1,670 2024 £ 3,527 1,670 - |
Freehold property £ 250,000 250,000 250,000 2023 £ 3,019 2023 £ 45 1,917 3,267 5,229 2023 £ 5,279 2023 £ 3,267 3,267 2,012 |
Freehold property £ 250,000 250,000 250,000 2023 £ 3,019 2023 £ 45 1,917 3,267 5,229 2023 £ 5,279 2023 £ 3,267 3,267 2,012 |
|---|---|---|---|---|
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The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements - continued for the year ended 31 December 2024
11. MOVEMENT IN FUNDS
| At 1.1.24 £ Unrestricted funds General fund 273,124 Property Fund 25,161 298,285 Restricted funds Restricted funds 45,518 TOTAL FUNDS 343,803 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 61,736 Restricted funds Restricted funds 1,000 TOTAL FUNDS 62,736 |
Net movement At in funds 31.12.24 £ £ (18,374) 254,750 - 25,161 (18,734) 279,911 (33,140) 13,378 (50,514) 293,289 Resources Movement expended in funds £ £ (80,110) (18,374) (33,140) (32,140) (113,250) (50,514) |
|---|---|
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The Pickering Beck Isle Museum Of Rural Life
Notes to the Financial Statements - continued for the year ended 31 December 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.23 £ Unrestricted funds General fund 287,333 Property Fund 25,161 312,494 Restricted funds Restricted funds 10,356 TOTAL FUNDS 322,850 Comparative 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 |
Net movement At in funds 31.12.23 £ £ (14,209) 273,124 - 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 |
|---|---|
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.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 or 31 December 2023.
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Issuer
Smailes Goldie
Document generated Thu, 10th Jul 2025 9:55:14 BST
Document fingerprint 469d9a17c73bb15e66430f37f79f87f8
Parties involved with this document
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Julie Kinghorn - Signer (8e25a721b1096f3dfdbb3419d6cdcba7) Samantha Hesford - Copied In (0cab4560564680c7dae1523f0a4d5337) Nicola Shipley - Signer (150ae3ec22bd465e836df220fe5eac7e)
Audit history log
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