Charity number: 1153345
Company number: 08313398
(England and Wales)
The Buckinghamshire County Museum Trust
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2024

The Buckinghamshire County Museum Trust
Contents Page
For the year ended 31 March 2024
Report ol the Truslees
2to12
Independent Examlner's Report lo the Trustees
13
Statement of Financial Activities
14
Statement of Financial Position
15
Statement of Cashflows
16
Notes to the Flnancial Statements
171025
Detailed Statement of Financial Activities
26to27

The Buckinghamshire County Museum Trust
Report of the Trustees
For the year ended 31 March 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 March 2024. The trustee5 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 IFRS 1021 (effective l January 20191.
Our Alms
The Trust operate5 under a charitable company Memorandum and Articles incorporated on 29th November
2012 amended by special resolution on l August 2013 which included the regulations for appointment of
trustees. Since 10 June 2021 the Trust has traded as Discover Bucks Museum.
The objects of the Charity are to maintain a museum and/or art gallery, the advancement of education and
trainlng and other purposes which are at the discretion of the Trustees are consistellt with these.
We aim, through our activities to inspire and educate residents and visitors to the county by curating and telling
its unique story: to acquire, preserve, display, interpret and share the natural and cultural heritage of the County
documenting the way we live now and in the past.
Forward thinking is at the heart of the Trustees, Vision for the future - working through partnerships and seeking
the support and engagement of museum visitors in whatever we do.

The Bucklnghamshlre County Museum Trust
Report of the Trustees
For the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
The Trust has managed the County Museum since 1st August 2014 and receives an annual management fee to
look after the collections and operate the Museum. It has signed key agreements including a Service Level
Agreement, Funding Agreement and licenses to occupy a5 the basi5 for viable operation.
In setting objectives and planning activities the Trustees have given careful consideration to the Charity
Commission's general guidance on public benefit and in particular to Its Supplementary public benefit guidance
on advancing education.
Impact of the Covid-19 Pandemic and Cost of Living Crlsls
2023-2024 has continued to grow our general visitor number5, to an annual total of 31,111; just over sk more
visitors than in the previous financial year. We are starting to see schools returning in the capacity in which they
used to prior to Covid, though transportation costs continue to be an i55ue. Furthermore, it appears that school
visitors, secondary spend lin the shopl is decreasing, as the rise in the cost of living means that some families
have less expendable cash and therefore no pupils bring spending money rather thèn some of them. Visitors to
the museum gallerle5 and exhibitions however. have increased since the period before covid.
The museum is continuing to increase 5elf-generated income and the aim is to increase this further over the
2024-25 period as income from Service Level Agreements is decreasing by around £IOk, every year, over the
next 3-year period. The 2023-24 period saw around 44Yo of income being self-generated 1£426kl and the
remaining 56*01£537kl generated through SLAS, Art5 Council NPO funds and other core grants.
Although self-generated income 55 beginning to increase, there is Still a threat from the regular Council SLA
income reducing and the difficulty in making up those funds through self-generated sources. The following year
will see further efforts to generate ftjnds through events/activities, an increase in activity taking place in the
Roald Dahl Children'5 Gallery las the 30, anniversary approachesl and a focus on fundraising & donations.
Admissions income will also be a focus and will feature a review of the pricing and charging structure.
EKhibitions
There were a number of exhibition and display installations, totalling 7 exhibitions throughout the year, along
with a number of community displays and a changing permanent display. The beginning of the year saw the
installation of the museum's first'open Art Exhibition, an opportunity for both professional and amateur artists
in Buckingham5hire to be displayed alongside each other. Submissions for the exhibition exceeded expectations
and there were nearly 400 submissions from over 100 art15ts. The launch of the exhibition was one of the most
successful to date, at which we welcomed over 200 artists, dignitaries and public to the opening night.
The next exhibition was our 'summer blockbu5terf: in the spirit of the previous summer I'Feel the Force'l, the
exhibition Mechonics Alivel Worked with Science Projects Ltd. again, but also with Cabaret Mechanical theatre
to present an exhibition that featured a number of automat and hand5-on exhibits for families to enjoys. Footfall
was in the region of 7,000 visitors- Ik more visitors than the summer of 2022- and feedback was very good. The
science theme performs well at Discover Buck5 Museum and will fÈature in a number of family-focused
exhibitions in the future.
September saw a month-long opening of CRAFTEDI,. an exhibition designed in collaboration with the
Buckinghamshire Craft Guild which featured their artworks which were also for sale. This generated nearly £6.5k
total sales income, of which just over £2k was commission for the museum. The Craft Guild enjoyed their tenure
in the art gallery and have expressed an interest to put on a similar exhibition in the future.
Much of the remainder of the year featured a general interest exhibition which ha5 been touring the country
over the last couple of years: l Grew Up 805, a nostalgic look at 805 memorabilia and themes of popular culture.
The exhibitlon proved to be very popular and visitor numbers were around 11,500 over the 5-month run. The

The Buckinghamshire County Museum Trust
Report of the Trustees
For the year ended 31 Marth 2024
exhibition lent itself well to a themed events programme which ran alongside it, and the final quarter of the year
owed much of its high visitor numbers to the exhibition.
The final exhibition that was mounted in the year was Thi5 Fractured Land; developed in collaboration with a
ohort of S local artists who came together to explore themes surrounding Bucklnghamshire'5 landscapes. The
exhibition featured very different mediums, including: printing on fabric, photography, film and even working
with unusual materials to create 'inflatable' art. The exhlbition is due to run until June 2024.
Other exhlbitions and displays included:
Community Gallery- From the 'Art.. Youth Art, Stories on the Plate and a fashion-themed exhibition
developed by a Caribbean group
The Story of MoryAnning- a maquette of Mary which toured the UK
Story of Holly & Ivy- A children's Christmas book, which orSginally featured Aylesbury
The launch of our Early Access Case, a way in which we can show archaeological artefacts from the
county, much sooner than would normally be possible.
Events
Events attendance numbers were excellent across the year and almost doubled the figure5 from previous year
15,717.. 2024 vs 2,875: 20231. The events programme featured some newly trialled formats, such a5 quiz nights
and fundraising events to gauge where interest lay.
Informal activity days continued during school holidays and the changing craft activitie5 for Easter, Summer.
Christmas and half-term holidays. Many of the craft activities were themed dependent on the season or the
exhibitions that were mounted,. the 80s themed crafts and science-themed crafts in the summer and October
half-term were very well received.
Some of our notable events through the year included:
indow on the Brain, the final event of the Your Amazing Brain exhibition from the 2022-23 period.
This featured circus-themed sclence acts. which took over the whole museum for the evening. A
charged-for premium event, it was attended by nearly 200 people and had excellent feedback.
Holi Festival of Colour- a regular celebration at the museum, this religious festival invites all of Aylesbury
to attend and be inspired by the history and background of the festival. Featuring traditional
performances, dancinE and multi-coloured paint, it was attended by around 800 people this year.
St George's Day- Delivered in collaboration with the Aylesbury Town Council, this annual event
attracted visltor numbers in excess of 1,000 over the day and featured theatrical performantes and
crafts. It is free to attend.
Festival of Archaeology- This year focused on 'Archaeology & Creativity,. We invited representatives
from local archaeological units to come and meet the public and had object handling available from our
own collections. Children's activities were a150 featured.
Heritage Open Day- This year's theme was 'Creativity Unwrapped,, for which we had object handing
and craft activities as part of a trail around the museum. It was attended by about 120 people this year.
Children's Author Meet & Greet- to trial a new type of event and continue the theme of children's
literature at the museum, award-winning children's author & illustrator, Harriet Muncaster delivered
an interactive talk. The event sold-out at a capacity of 190.
Festival of Light- We again hosted the event in collaboration with Holy Cow Community Event5. The day
featured community act5 on a stage in the museum's garden and ended with a lantern parade late
afternoon. The event was attended by 700 people
Other events included.. further sessions for toddlers, includinE'. Ducklings la led session), stay and play
and toddler-specific Dahl Gallery sessions. The Tea & Talk series was also launched, which involves our

The Bu¢kinghamshire County Museum Trust
Report of the Trustees
For the year ended 31 March 2024
team of Keepers delivering talks about a variety of topics, followed by an afternoon tea,. capacitie5 for
these are limited, but the sessions normally sell-out.
Discover Bucks Galleries
The galleries continue to be a highllght of the museum. The beautifully refurbished galleries still have some work
to be done- including a 'plant wall, in the wildlife section and further work on some interactive elements, though
the majority of planned work has now been completed. A water-effect projector has now been added to the
geology gallery and the wildlife gallery features interactive animal sounds.
There are options to further extend the interactivity of these Ealleries, for which additional media content, IT
Screens and guide options are now being investigated.
The galleries have undergone a few changes; the costume cases in the Bucks People gallery have changed a few
times, to ensure that items are rested from display. This year the case featured: a display of Paralympics costume
and Victorian fancy-dress, and will soon feature 'Marvin the Paranoid Android, original costume, from the BBC
TV adaptation of Hitchhiker's Guide to the Galaxy.
Community
The National Lottery Heritage Fund 'Bucks Heroes, project is ongoing and continues to reach out to and engage
with key community and disability groups, including.. the Asian British Women's group, mental health groups,
Adoption UK groups and autism groups, to name a few. The project continues to collect stories and objects from
these groups about overcoming adversity and has worked to deliver community-led exhibitions, such as. Storie5
on the Plate, with MKIAC, and a fashion-focused project and exhibition with a Bucks-based Caribbean group.
The museum continue5 to work with all communities where p055ible and recent relationship5 are being
developed with Aylesbury Community Pride and the local business sector.
STRATEGIC REPORT
Achievement and performance
Discover Bucks New Galleries Project - Completion of the visual effects and interactive wildlife sounds.
Successful changing of the Bucks People displays.
Raising general public footfall to that of pre-pandemic levels and 5ucce55ful delivery of 'Mechanics Alivel,
exhibition over the summer holidays, accounting for 7,000 visitors aeross the 6-week5
Completion of the storage improvements at our Halton Resource Centre Confirmation, supported by a grant
of £60k from the DCMS Wolfson Fund.
Continuation of the NLHF funded Bucks Heroes Project supporting the Discover Bucks People Gallery
development and community engagement
Planning underway for a large-scale exhibition to take place in 2026 based on three Saxon archaeology sites in
Buckinghamshire, including loans of British Museum and HS2 object5.
Acquisition of the 'Aylesbury Egg,. a 1.700 year-old Roman egg, which still has its contents. Thought to be the
oldest 'intact' egg in the world I

The Buckinghamshire County Museum Trust
Report of the Trustees
Forthe year ended 31 March 2024
Acqulsltions during the year..
Bronze Age Gold Bracelet
A complete cast gold bracelet dating to the Middle Bronze Age c. 1400-1100 cal BC. The object appears to be
the first Bronze Age Eold bar bracelet from Buckinghamshire
Collectlon of materlalArom Burnham Abbey
The collection contains decorated medieval Stonework, pot sherds and, some small metal find5. but the most
important part Is a group of over 50 decorated medieval floor tiles, made in the tile industries around Penn, and
th
dated to the 13, 114 century. All discovered during gardening by the nuns in the late 20th century, the tiles were
most likely originally from the Abbey church which was demolished at the dissolution of the original monastery
under Henry Vlll.
Highways und Byways in Buckinghumshire
Book by Clement Shorter, 1920, with 81 wood engravings by Frederick L Griggs.
Rocks, fossils and minera15 collettedfrom Watermead Lake
c. 120 specimens from the 1987 excavation, as part of work to publish the stratigraphy of the Upper Kimmeridge
Clay near Aylesbury.
Lepldoptera Specimen5
40 drawer cabinet of Lepidoptera specimens from Buckinghamshire and other locations collected by Alan
Showler, plus 36 field notebooks.
Selectlon of Buckinghom5hire Geologlcal Sample5
Variety of rock types Ic. 361 collected at various sites in Buckinghamshire/Bedfordshire. Including.. Coombes
Quarry, Weston Underwood Limestone Quarry and Munday's Hill Quarry* by Mike Palmer
Akeman Street Station House, Model & 011 Painting
'Akeman Street Station House, Woodham, by William Jasper Gassor, oil on board, about 1935-40, framed and
glazed, signed lower left. Model,. Akeman Street Station House, Woodham by Geoffrey Gassor, about 1980.
Document.. Newspaper cuttlngs
Three newspaper cuttings showing Mi55 Mabel Purefoy Fitzgerald receivinE her honorary degree in 1972 at the
age of 100. She studied at a Oxford from 1896 but could not be awarded a degree because she was a woman.
She lived at Manor Farm Grendon Underwood
Portable Antiquitie5 Scheme
Recording of finds continues to be well documented across the county. Many treasure acquisitions come to the
museum by way of the PAS scheme and Finds Liaison Officer. The FLO continues to SUPPOrt with object handing
at museum events and delivers talks to external groups.
Service Level Agreements
The museum cares for and manage5 collections from the National Paralympic Heritage frust, Embroiderer's
Guild and Tring Museum.
The SLA with Buckinghamshire Council continues, whereby the Council pays the museum to care for their
collections, but this amount is due to reduce over the next 3 years and is due for revision in 2026-27.

The Buckingharnshire County Museum Trust
Report of the Trustees
For the year ended 31 March 2024
Volunteers
There has been some successful recruitment of volunteers at the museum. particularly with regards to the visitor
services and education teams. These volunteers are crutial to supportin8 the events and activities and specialist
tasks such as grounds maintenance and working with our Keeper of Archaeology. We thank our volunteer5 for
the c. 2,000 hours they generously give to the museum every year.
Friends and Patrons
The Museum receives regular support from its Friends and Patrons,. the two groups are a single charity and
managed by a joint committee but retain different priorities for grant allocation. The Patrons owe their origins
to fundraising efforts to build the new art exhibitions gallery in the 19905 and focus their grant giving on art
acquisitions and some strategic grants for example for selected special exhibitions. The Museum 15 incredibly
grateful to the Patrons and Friends for their continued and invaluable support for the exhibitions programmes
and other activities which are such a success with our local community.
The Friends kindly supported the purchase of Bucks treasure items for the collectlons during the year and other
small project5, including.. treasure acquisitlOn5 1x91 totalling £5,000,. £10,000 for the development phase for a
MEND project application; and £2,000 towards developing bespoke shop products.
The Patrons kindly supported.. a treasure acquisltion to the value of £2,500; a museum trail for children £4,000,.
equipment £400; and development and printing of a new general publicity leaflet £4,000.
Funding from the Friends & Patron5 totalled £28,399 in 2023124.
STRATEGIC REPORT
Flnancial review Financial posltlon
The key features of the financial performance for the year ended 31st March 2024, extracted from the detailed
financial statements on pages XX to XX.
The principal income durlng the year was from the Buckinghamshire Council Service level agreement for the
management of the museum and collection £416k, a National Portfolio Organisation grant from the Arts Council
£102k and other servlce level agreements totalling £19k.
Admission fees were increased on Jan 8 2024 and the year's income totalled £37k for the new museum galleries
and £46k for the Roald Dahl Children's Gallery. Increasing the admission charge has increased self-generated
income slgnificantly though it remain5 to be seen if this will have a negative effect on visltor numbers.
The main items of expenditure were salaries and pension contributions £582k la decrease of 5% compared with
20221231 and utilities £86k.
Self-generated income accounted for 46% of total income. an improvement on the 24% equivalent in 2022123.
Reserves policy
Retained reserves at 31st March 2024 were £1,627k The Buck5 County MuseLsm Trust is currently dependent on
a management fee from Bucks County Council and NPO funding from the Art5 Council together with Sncome
from admission, schools and event income fees to sustain its activities and this year the government furlough
scheme.
This means that if there were to be a gap or a reduction in the management fee allocation, or a major reduction
in earnings it is possible that the trust would need to cease trading and resign its Funding Agreements as it will
take time to build a level of reserves on which the Museurn could fall back.

The Buckinghamshire County Museum Trust
Report of the Trustees
For the year ended 31 March 2024
To avoid this and to safeguard against funding difficulties the board of Trustee5 has agreed to establish a level
of financial reserves to ensure that main operations can continue for a period of 12 months. The main concerns
of the board are to ensure:
l. That Staff can contlnue working to restore services or secure new funding
2. That service users are able to be supported in returning to the Museum's operations when restored.
If difficulties were to arise then or in the event of a major fire or other disturbance. it ha5 been calculated that
reserves of E500k would be needed to continue running for at least 12 months. The reserve5 should be built up
from the unrestricted learned) income.
STRATEGIC REPORT
Future plans
The new mission and values developed during the rebranding exercise in 2021122 remain the same-
Our Mission
We collect and share objects and storie5 reflecting the people, culture and landscapes in Buckinghamshire. We
encourage visitors to join us on journeys of discovery. We inspire our community, creating conversations and
connection5 to the place where we live.
Our Values:
People
We are open and inclusive. We ensure that the objects, exhibitions and events we share are representative of
our community so that everyone can see themselves reflected.
Exploring
We inspire deep emotions and moments of magic. We help people to explore and find things that are meaningful
to their lives and help them discover the heritage of Buckinghamshire.
Curloslty
We are curious and inquisitive about our collections and the world around us. We uncover the wonderful stories
linked with our collections to stimulate ideas, knowledge, understanding and conversation5.
In January 2023, confirmation was received for continuation of the museum as part of the National Portfolio
Organisation INPOI scheme in the Arts Council's new 2023126 Investment Programme. This was confirmed at
support level of £101,840 in each of the three years of the programme and is dependent on Arts Council's
reporting requirements. development of annual activity plans and delivering the 4 key investment principles..
ambition & quality, dynamism, environmental responsibility and inclusivity & relevance. An extension year will
be applied for, to cover the period 2026-27; this Is not judged on a competitive ba51S.
The DCMS Wolfson funding was received to make essential upgrades to storage and capacity at the Museum
Resource Centre, Halton,. a project which was completed during the 2023124 period. The Trust continues to seek
upgrades and/or alternative storage facilities for better storage of the museum's collections.
The Trust is lookin8 at deeper strategic planning and detailed work and development on the museum's USPS to
raise brand awareness and better cater for our visiting public and communities. The Trust has developed a wider
strategic plan to guide in achieving new strategic aims, based on collections, public/education programmes,
environmental responsibilities and financial sustainability.

The Buckinghamshire County Museum Trust
Report of the Trustees
For the year ended 31 March 2024
Additlonal strategic aims for the upcoming financial year, include:
Increasing self-generated income to combat the reduction in income through service level agreements
and fortify financial sustainability
Identifying, developing and using each of our unique selling points to the museum's advantage,
connecting with the correct audiences in the correct ways
Developing of our collections and collecting policie5; including the potential for development of the
display of the museum's nationally important studio ceramics collection
Exploring the Trust's fundraising potential. this prevlously unrealised source of philanthroplc income
could help fund improvements to the museum's buildings, collections and visitor experience
Increasing brand awareness,. continuation to reach our audiences and develop new ones
Further developing our visitor experience and seek awards, accolades and recognition for our efforts
Continuing to improve access to the museum and its educational content through meeting the needs
of our users
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustees holding office in 2023124 were selected following public advertisement and interview. All Trustees are
selected based on the range of skills and characteristics needed to oversee and develop the museum and to
integrate it5 work with the wider community. Trustees have experience and qualifications in finance, business
development and management, healthcare, governance and strategy, project management, education,
development of young people, project management, community engagement, Equality & Diversity, and
museum/heritage management. Trustees are aware of the need to diversify and have diver51fied gender and
different cultural background5 Wlthin current trustees and are committed to continuing to diversify the
governance of the museum and include different voices in decision making in the future. This includes seeking
to recruit a Trustees from different cultural backgrounds.
Every new trustee receives an induction pack and a formal induction with the Chief Executive and staff and
attend at least one Away Day annually with staff to help plan for the future. Since 1st April 2023 the trustees
have met formally 4 times (until the end of March 20241 and once for a Strategy Away Day Iwith other museum
5taffl. The Finance Committee met 3 times and the HR Committee I time.
All tru5tee5 give of their time freely and no remuneration or expenses were paid in the year. No Trustee or person
connected with a trustee received any benefit from their a550ciation.
The majority of Trustees are also Directors of the Buckinghamshire County Museum Enterprises, a company
limited by Euarantee, which was dormant throughout the report year.
Organi5ational Management
The Tru5tee5 determine the general policy of the Trust attended by the Chief Executive and specialist staff as
required. The day to day running of the Museum and all staff appointments are delegated to the Chief Executive,
supported by senior staff. The Chief Executive undertakes the key leadership role overseeing curatorial, public
and community relations and administrative functions in consultation with the senior staff. The day-to-day
admin15tration of the Museum and its associated Resource Centre is sjndertaken within the policie5 and
procedures approved by the Trustee5. Only significant expenditure decisions and major capital projects to be
referred to the Trustees for prior approval.
Other Relation5hlps
The trustees maintain a c105e relationship with Bucks County Council, now Buckinghamshire Council from l April
2020 and the Art5 Council and other museums and heritage organisations in Buckinghamshire and neighbouring
localities. The Chief Executive is a Trustee of the Buckinghamshire Culture organisation and a member of the
Association of Independent Museums and the Museums Association. Other members of staff are members of
10

The Bucklnghamshlre County Museum Trust
Report of the Trustees
For the year ended 31 March ZOZ4
specialist groupings for Education. Archaeology and Natural Sciences integrating them into national networks
across the UK.
Risk Management
The Trustees arÈ responsible for the overseeing of the risks faced by the museum. Detailed considerations of
risk are delegated to the Senior Management and are identified, assessed and controls established throughout
the year.
A formal review of the charity's risk management processes was undertaken during the year and Health and
Safety risks are a standing agenda item on the Trustee'5 meeting agenda. Work continued during the year on
the fire audit outcome5 including enhanced documentation, training for staff and replacement work by
Buckinghamshire Council on the fire door5 at the Museum. Risk is managed under the headings of financial
5UStainabillty (where detailed Financial regulations have been adopted), public and staff safety, events and
community access.
Through the established risk management processes for the Museum, the Trustees are satisfied that the major
risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide
reasonable but not absolute assurance that major risks have been adequately managed.
The Trust continue5 to insure the buildings, contents and activities of the museum and resource centre, and also
has specialist insurance cover on the collections. Further insurance is in place for.. Trustee5 Indemnity. Personal
Accident, Employerf5 Liability and Public Liability (for no less than £IOml.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08313398 (England and Wales)
Registered Charity number
1153345
Registered office
9 Church Street
Aylesbury
Buckinghamshire
HP20 2QP

The Buckinghamshire County Museum Trust
Report of the Trustee5 Continued
For the year ended 31 March 2024
Cornpany reg15tratlon number
Prlnclpal address
08313398
Discover Bucks Museurn
9 Church Street
Aylesbury
Bucklnghamshire
HP20 2QP
Trustees
The tiustees and offlcers servlng durlng the year and slnce the year end were as follows-
Mr Jamie Douglas
Mr Mark Hall
Mr Robert Sulcliffe
Mr Simon Kearey
Mr William Chapple
Ms Kale Schwarz
Ms Natasha Oslaszewska-Thiebault
Ms Susan Imbriano
Prof Daniel Peti
Independent examiners
Caroline Clarke ACA
66 High Street
Lewes
East Sussex
BN7 1XG
Appioved
y the Board of Trustees and signed on ils behalf by
S! IA0￿ IL _ J£dQ/t
12

The Buckinghamshire County Museum Trust
Independent Examiners Report to the Trustees
For the year ended 31 March 2024
I report lo the Iruslees on my examination ol the accounts of the charitable company for tha year ended 31 March 2024.
Responslbllities and basls of report
As the charity Trustees. who are also directors for the purposes ol company law, are responsible for the preparation of the
accounts In accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,).
Having satisfied myself that the accounts ol the Company are not required lo be audited under Part 16 of the 2006 Act and
are eligible for independent examinalion, I report in Tespect of my examination of your charity's accounts carried ovl under
section 145 of the Chari119s Act 20111'lhe 2011 Acl'l. In carrying out my examinalion I have followed the Directions given by
the Charity Commission under section 14515)Ibl of the 2011 Act.
Independent examlneys statement
Since the Charitable company's gross income exceeded £250,000, your examiner musl be a member of a body listed in
soclion 145 of the 2011 Act.
I confirm that l am qualified lo undertake the examination by virtuo of my membership of
Institute of Chartered Accountanls in En9land and Wales, which is one of Ihg listed bodies.
I have completed my examination. I conflrm that no matters have come lo my attention in connection wllh the examlnatlon
giving me cause to believe that any material respect..
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 requlrements of section 396 of the 2006 Act other than any requirement that the
accounts give a Irue and falr vlew, which is not a maller consldered 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
P¥aclice for accounting and reporting by charities applicable to charities preparing their accounts in accordance Wlth Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
I have no concerns and have come across no other mallers in connection wilh the examination lo which attention should be
drawn in this report in ordeT to enable a proper understanding of the accounts to be reached.
Caroline Clarke ACA
66 High Sfreel
Lewes
East Sussex
BN7 IXG
13

The Buckinghamshire County Museum Trust
Statement of Financial Activitles {includSng Income and Expenditure Account}
For the year ended 31 March 2024
Notes
Unrestrlcted
funds
Restricted
funds
2024
2023
Income and &ndowment5 from:
Donations and legacies
Other Iradlng activlles
Investments
Other ifjcome
109,153
642.703
2,434
17,924
772,214
190,562
299.715
642,703
2,434
17,924
191,454
689,407
478
1,000
Total
190.562
962,776
8B2,339
Expendlture on:
Raising funds
Charitable activities
116.495)
{750,488)
1766,983)
116,495)
{1.021,357)
11.037.852)
(17,319)
11.101.659)
11,118,978)
718
(270,8691
(270,869)
Total
Net incomelexpenditure
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
5,231
IBO.307)
175,076)
1236,6391
194.331
1.432.758
1.627,089
1.863.728
199,562
1,352,451
1.552,013
1,627,089
14

Registered Number .
08313398
The Buckinghamshire County Museum Trust
Statement of Flnancial Position
As at 31 March 2024
Notes
2024
2023
Fixed assets
Tangible assets
Heritage assets
14
5,157
1.350,380
7,922
1,350.380
1,358,302
15
1.355,537
Current assets
stocks
Debtors
Cash at bank and in hand
16
17
2,222
67,227
218,362
287,811
(91,335)
4,793
77.384
261,173
343,350
{74,563)
Creditors: amounts falllng dug wlthln one year
18
Net current asset$
196,476
1,552.013
268,787
Total a$sgts18ss current liabilities
1.627.089
Net assets
1.552.013
1,627,089
The funds of the charlty
Restricted income funds
19
1.352,451
199,562
1,432,758
194,331
1,627.089
Unreslricled Income funds
19
Total funds
1.552,013
For the year ended 31 March 20241he company was entitled lo exemption from audit under section 477of the Companigs
Act 2006 relatlng to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance
with section 476,
The Iruslees acknowledge their responsibilities for complyin9 with the requirements of the Act with respect to accounting
rocords and the prepaialion of accounts. These accounts have been Prepared in accordance with the provisions
applicable to companies subject to the small companies, Tegime.
The Ilnanclal statements were approved and aulhorised for issue by the Board and slgned on Its behalf by..
15

The Bucklngham5hire County Mus•um Trust
Cashflow Statgrnent
For the year ended 31 March 2024
2024
2023
Cash flow from operating actlvltles
Cash generated from operations
144,390)
1324,0801
Dividends, interest and rent from investments
2,434
478
Purchase of tangible assets
855
(1,492)
1,579
142,811)
1325.094)
Cash and cash equival6nls al beginnin9 of year
261,173
586,267
Cash and cash equivalents at end of year
218,362
261,173
Ca$h generated from oporatlons
Nel rnovement in funds
175.0761
1236,6391
Adlu5tmenls for..
Depreciation and amortisalion of fixed assels
Dividends, interest and rent from investments
3.620
{2,434}
3,776
(478)
Movement in working capital
(Increaselldecrease In stocks
{Increaseydècrease in debtors
IncreasellDecreasel in creditors
2,571
10,157
16,772
115.3781
75,361
Cash generated from operatlons
44,390
324.080
16

The Buckinghamshire County Museum Trust
Notes to the Financial Statements
For the year ended 31 March 2024
l. Accountlng Pollclgs
Basls of accounting
The financial statements have been prepared under the historical cost convention, excepl for investments which are
included al market value and the revaluation of cfjrtain fixed assets and in accordance with the Charities SORP (FRS
1021 'Accounling and Reporting by Charities- Slalement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021
leffeclive l January 2019),. Flnancial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102), and the Companies Act 2006.
The Buckinghamshirp County Museum Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or Iransaction value unless otherwise slalgd in the relevant accounting
policy nole(s).
Golng concern
The flnancial slalement5 have been prepared on a going concern basis. The Trustees have reviewed and considered
relevant information, Including the annual budget and future cash flows in making their assessment. In particular, in
Tesponse to the COVID-19 pandemic, the Trustees have lesled their cash flow analysis lo take into account the impact on
their business of possible S￿narioS brought on by the itnpact ol COVID-19, alongside the measures that they can lake to
mi119alg the impact. Based on these assessments, given the measures that could be undertaken to miligale the current
adverse conditions, and (he current resources available, the Trustees have concluded that they can continue to adopt the
going concern basis in preparing the annual report and accounts.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable al the discretion of the
Iruslees in furtherance of the objects of the charity. Such funds may be held in order lo finance both working capital and
capital investment.
Designated funds comprise of unrestricted fund5 that have been set aside by the Trustees (or particular purpose5.
Resliicled funds have been provided lo the charlty for particular puiposes, and il is the pollcy of the board of Iruslees to
carefully monitor the application of those funds in accordance wllh the restrlclions placed upon them.
There is no formal policy of transfer between funds or on the allocatlon of funds to designated funds, other than that
described above
Incomlng rgsources
Income is recognised when the Charity has enlillemenl to the funds. any performance indicators attached to the Itemls} of
Incom8 have been mel, it is probable that the income wlll be received. and the amount Gan be measured reliably.
Donations are recognised in full in the Statement of Financial Activities when enlilled. receipt is probable and when the
amount can be quanlifled with reasonable accuracy. Gift aid receivable is included when claimable.
Grant income is crediled lo the Slatemenl of Financial Activities when received or receivable whichever is earlier, unless
the grant relates to a future yoar, in which case it is deferred. Income from charitable activities is credited lo the
Statement of Financial Activities when received or receivable whichever is earlier. unless it relates lo a specific future
year or event. in which case il 15 deferred.
Resource$ oxponded
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity lo
that expenditure, il is probable that a transfer of economlc benefits will be required in sgtllemenl and the amount of the
obligation can be measured reliably. Expendituie 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 allribuled lo particular headings
they have been allocated to activities on a basis consistent with the use of resources.
Taxation
As a registered charily, the company is exempt from income and corporation lax lo the extent that it5 income and gains
are applicable to charitable purposes only.
1Y

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
Tanglble fixed a55ets
Tangible fixed assets, other than freehold land. are slated at cost or valuation less depreciation and any provision for
impairment. Depreciation is provided al rates calculated lo wrile off the cost or valuation of fixed assets. less their
estimated residual value. over Iheir expected useful lives on the following basis..
Compuler Equipment
Fixtures and Fittings
200/* Slraighl line
250/Tr Straight line
Herltage assets
Heritage assets are included at cost. In the year ended 31 March 2017 the museum was successful in acquiring the
Lenborough Hoard al a cost of £1,350,000. The Trustees do not consider depreciating this asset is appropriate as the
residual value is deemed to equal the cost paid and there is no indication the value will have fallen.
Stocks and work In progress
Stocks are valued al the lower of cost and nel realisable value after making due allowance for ob501ete and slow moving
items. C05t includes all direct costs and an appropriate proportion of fixed and variable overheads.
Pensions
The trust operates a defined contribution scheme. Contributions payable lo the pension scheme are charged lo the
51alemenl of finallcial aclivilies in the period to which they relate.
2. Income from donatlons and legacles
Unrestricted
funds
Restrlcted
funds
2024
2023
Donatlons received
7,313
101.840
7,313
292.402
30,391
161,063
Grants received
190,562
109.153
190,562
299.715
191,454
Analysls of grants recelved
2024
2023
Arts Council - NPO
101,840
15,000
7,333
20,000
101,840
British Museum acquisition grant
British Museum PAS grant
Buckinghams County Council - Conlribulion to MEND applicalion
Business Support
DCMS Mend Fund
21,455
1.000
60,000
27,899
6.400
Friend5 & Patrons of (he Museum
Headley Trust acquisition grant
Muir Trust
National Heritage Lollery Fund - Bucks Heroes Project
V&A acquisition grant
4,375
32,393
42,180
11.750
292.402
161,063
18

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
3. In¢omg garned from other actlvltles
2024
2023
Unrestrlcted funds
Other aclivllies for generating
funds
642.703
689,407
642,703
689.407
4. Invgstmgnt IncomB
2024
2023
Unrestrl¢ted funds
Bank interest receivable
2,434
478
2.434
478
5. Other Income
2024
2023
Unrestricted funds
Museum and gallery lax relief
17.924
1.000
17,924
1.000
6. Expendlture on generating donatlons and legacies
2024
2023
Unrestrlct8d funds
Donations
16.495
17.319
16.495
17,319
7. Costs of charitablo actlvltles by fund typg
Unrestrlcted
funds
Restrlcted
funds
2024
2023
Reflectlng the people, culture
and landscapes in
Buckinghamshire
Support costs
723,194
270.869
994,063
1,071,677
27.294
27,294
29,982
750,488
270.869
1,021,357
1,101,659
19

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
8. Costs of charltablg actlvltles by actlvlty type
Activitioy
undertaken
directly
Support
costs
2024
2023
Support costs
Reflecting the people, culture
and landscapes in
Buckinghamshire
994,063
27.294
1.021,357
1,101,659
9. Analysis ofsupport costs
2024
2023
Ref19Ctlng tho people, cullure and landscapes In Bucklnghamshire
Finance
6.936
20,358
4,366
25,616
Governance costs
27,294
29,982
10. Not incomel{expendlture) for the ygar
This is slated after chargingllcrediling)..
2024
2023
Depreciation of owned fixed a55els
Accountancy fees
Auditor's fees
3,615
1.600
3.776
6,360
50,298
Staff pension contributions
50,956
20

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Contlnued
For the year ended 31 March 2024
11. Staff costs and 8molumBntS
Total staff costs for the year ended 31 March 2024 werg..
2024
2023
Salaries and wages
Social security costs
Pension costs
498,600
32.230
50,956
560.687
50,298
581.786
610.985
No employee earned more than £60,000 during the year12023.'nil)
The lolal employee benefits of the key management personnel of the charity were £72,702.
2024
2023
staff
43
37
43
37
12. Trustee remuneratlon and rglated party transactlons
The charity trustees were not paid or received any other benefits from employment with th8 charity in the year12023:£nill.
No charity trustee received payment for professional or other services supplied lo the charity12023..£nill. The trustees all
give freely their lime and expertise without any form of rernuneralion or other beneflt in cash or kind12023.'£nill.
Trustees, expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil12023.'£nil).
There are no related party Iransaclions lo disclose for 2024 {2023'.none).
21

The Buckinghamshire County Museum Trust
Notes to the Financial Statements ContSnued
For the year ended 31 March 2024
13. Comparatlv9 for the Statement of Flnan¢lal Activities
UnrgStri¢ted
funds
Restricted
funds
2023
Income and endowments frorn:
Donations and legacies
Other lladlng activiles
Inveslmenls
123.938
650.322
478
1,000
775,738
67.516
39,085
191,454
689.407
478
other income
1,000
Total
106,601
882.339
Expendilure on:
Raising funds
ChaTltable activi1185
117,319)
(716,8051
(734.1241
117,319)
11,101,659)
11.118.978)
{384.8541
1384,8541
Total
Net Incomelexpendlture
Reconclllation of fund5
Total funds brought forward
Total funds carTiod forward
41,614
1278.253)
(236,6391
152.717
194,331
1,711.011
1,432.758
1,863,728
1,627,089
14. Tanglble fixed a55ets
Flxtures and
Flttlngs
Cost or valuatlon
Al 01 April 2023
Addltlons
At 31 March 2024
66,439
855
67.294
Depreclatlon
At 01 April 2023
Charge for year
At 31 March 2024
58.517
3,620
62.137
Net book valuas
At 31 March 2024
5,157
Al 31 March 2023
7.922
22

The Bucklnghamshire County Museum Trust
Notes to the Flnancial Statements Continued
For the year ended 31 March 2024
15. HeTltage assets
Assgt 1
Balance al 01 April
2023
1,350,380
Balance at 31 March
2024
1.350.380
16. Stocks and work In progres5
2024
2023
Stocks of raw materials
2.222
4,793
2,222
4.793
17. Debtors
2024
2023
Amounts dug within one year:
Trade debtors
15,155
49,171
2,901
21.227
54.936
1.221
Prepayments and accTued income
Other debtors
67.227
77,384
18. Credltor5: amounts falllng dug Wlthln one year
2024
2023
Trade creditors
55,472
12,429
23.434
13,827
18,273
42,463
Other creditors
Accruals and deferred income
91,335
74.563
23

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
19. Movement In funds
Unrestricted Fund$
Balance at
0110412023
Incoming
resources
Outgolng
resources
Balance at
3110312024
General
Geneial
194,331
772,214
1766,9831
199,562
194,331
772,214
1766.983)
199.562
Unrestricted Funds- Prevlous year
88lance at
0110412022
Incoming
resources
Outgolng
rosourcgs
Balance at
3110312023
General
General
152,717
775.738
(734,124)
194,331
152,717
775.738
1734,1241
194.331
Restricted Funds
Balance at
0110412023
Incoming
resources
Outgolng
rosources
Balance at
3110312024
Bucks Heroes
37,776
{51.948}
163,608)
114,172)
19.150
Discover Bucks
Galleries
82,758
Friends Projects
Halton Storage
Lenborough Hoard
MEND Fvnd
10.424
60.000
18,169)
160,0001
(27,3751
(30,0001
12611
129.508)
2,255
1,350,000
25,625
30,000
1.348.250
Muir Trust
12611
{2,771)
Poriable Antiquities
26,737
1.432.758
190,562
1270.869)
1,352.451
Restrlcted Funds - Prevlou$ year
Balance at
0110412022
Incoming
resources
Outgolng
resourcgs
Balance at
3110312023
Discover Bucks
Galleries
361,011
106.601
{384,8541
82,758
Lenborough Hoard
1.350,000
1,350,000
1,711,011
106,601
1384,854)
1.432.756
24

The Buckinghamshire County Museum Trust
Notes to the Financial Statements Continued
For the year ended 31 March 2024
20. AnaSysls of net assets between funds
Tanglblg
flxed assets
Net curront
assets I
Not Assets
Unrestricted funds
General
General
5,537
194,026
199.563
Restricted funds
Bucks Heroes
114.172)
114.172)
19,150
19,150
2,255
2,255
{1.7501 1.348.250
12611
12611
{2,7721
12,7721
Discover Bucks Galleries
Friends Prolecls
Lenborough Hoard
Muir Trust
1.350,000
Portable Antiquities
1,355,537
196,476
1,552,013
Previous year
Tanglblè
flxod assets
Nèt currènt
a$8ets 1
Net Assets
Unrestrlcted funds
General
General
8,302
186,029
194,331
Restrlcted funds
Dlscover Bucks Gallerie5
82.758
82.758
Lenborough Hoard
1,350,000
1.350,000
1.358,302
268.787
1.627,089
25

The BuckTnghamshire County Museum Trust
Detailed Statement of Financial Activities
For the year ended 31 March 2024
2024
2023
INCOME AND ENDOWMENT
Donatlons and legacl&s
Donatlons
7,313
292,402
30.391
161,063
Grants receivable
299,715
191,454
Other tradlng actlvltlgs
Shop income
Catering income
Payments from government or publlc authorities
Schools income
10,425
17,818
437.052
38,252
14,778
7,130
14,782
12,316
22,202
428,663
37.101
8,787
9,336
14.098
31,036
6,027
14,054
8,049
Family activities and misc income
Room lellings
Embroiderers Guild
PAS SeNice Grant
Art sale proceeds
NPHT SLA
Discover Bucks Project
other income
Admissions income
9,875
4,167
4,085
84,339
97,738
642,703
689,407
Investments
Bank interest receivable
2,434
478
2.434
478
Other Income
Museum and gallery lax relief
17,924
1.000
17.924
1.000
Total Incoming resources
962,776
882,339
EXPENDITURE
Ra151ng donatlons and legaclps
Purchases
(16,495)
117,319)
(16,495)
117.319)
Charltable actlvitles
Cost of direct charitable activity
Staff costs - wages & salaries
Slalf costs - social security costs
Staff costs - pension contributions
Depreciation- owned assets
1408.6621
1498.6001
132,2301
150,9561
{3,6151
{456.9161
(560,687)
(50,2981
(3.7761
(994,0631
{1,071,677)
SUPPORT COSTS
Finance
Finance
{6.9361
14.3661
16,9361
14,3661
26
This page does not form part of the statutory financlal slalements

The Buckinghamshire County Museum Trust
Detailed Statement of Financial Activities Continued
For the year ended 31 March 2024
Governance costs
Govemance costs
{18.7581
(1,6001
119,256)
Accountancy fees
Audit fees
16,360)
120.358)
(25,6161
Total rosources expended
(1,037,852)
11,118,978)
Net Expenditure
(75,076)
1236,6391
27
This page does not folm part of the stalulory financial statements