Company ￿giStratIon number.. 08313398
Charity registration number: 1153345
THE BUCKINGHAMSHIRE COUNTY MUSEUM TRUST
TRUSTEES. REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

The Buckinghamshire County Museum Trust
Contents
Page
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities (including Income and Expenditure Account)
Comparative Statement of Financial Activities (including Income and Expenditure Account)
io
Balance Sheet
li
Statement of Cash Flows
12
Notes to the Statement of Cash Flows
13
Notes to the Financial Statements
14-21
The following pages do not form part of the statutory accounts=
Detailed Staternent of Financial Activities (including Income and Expenditure Account)
22-23

The Buckinghamshire County Museum Trust
Company No. 08313398
Trustees. Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
Our Aims
The Trust operates 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 andlor art galleryi the advancement of education and training and
other purposes which are at the discretion of the Trustees are consistent 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 Sha￿ 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 rnuseum visitors in whatever we do.
Public Benefit
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.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due
regard to the Charity Commission's guidance on public benefit.
Achievements and Performance
Main Achievements
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 as the basis for viable operation.
Visitors
2024-2025 has seen a dip in visitor figures to an annual total of 28,289- a reduction of around 9 % on the previous financial
year {31,11 l). There has been a similar trend seen in museum visltor numbers across the sertor and- although public
visitor figures are lower to the museum galleries specifically- the number of school visitors have increased by around 40Wo
and visitor numbers to the Roald Dahl Children's Gallery have remained stable. This leads us to believe that the Discover
Bucks Galleries have now been seen by many local residents and a change in displays is required. Furthermore, visitor
numbers to the exhibitions have decreased, which may be due to our selection of exhibition topics. The museum recognises
the need to continue to review the exhibition selection. to ensure that the schedule marries up with visitor expectations,
particularly with regards to our family audiences.
Visitor figures aside, our feedback remains excellent- there is a high level of satisfaction from those that do visit whether
that be for exhibitions, events or school progrdmmes.
Room hires continue to increase, largely due to the popularity of the site as a 'paranormal investigation, location and our
activities and events are slowly increasing in popularity and revenue.
The museum's community work continues to grow as we engage with more of our local community groups. Greater focus
will be given to forging new relationships in Buckinghamshire and we will look to work with underrepresented and
underserved communities wherever possible. We hope to further strengthen our community programmes in the coming
years with a dedicated post to assist this work.
Major Exhibitions
This Fractured Land; Mar '24 Jul .24
May the Toys Be With You; July .24 Nov'24
Off the Wall Art Exhibition- Nov '24 - Dec'24
Bucks Photography Open. Jan .25 - May'25
Light Fantastic,. Feb .25 Apr '25
.CONTINUED
Page I

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Main Achievements - continued
The year featured a number of temporary exhibitions, alongside display installations, totalling 14 throughout the year.
The year began with This Fractured Land, an array of artworks in different mediums, developed by a cohort of 5 local
female artists and interpreting the changing landscapes of Buckinghamshire. A beautifully presented and varied exhibition,
it was well-received by visitors and also won the 'Best Exhibition, award at the first Bucks Spark Awards. It didn't, however,
attract the footfall we had hoped for but associated events. walks and activities proved also to be popular.
The exhibition that followed was our planned 'blockbuster' exhibition, designed span across the school summer holidays to
capture and encourage as much footfall as possible. May the Toys Be With You featured a plethora of Star Wars toys,
curated by independent collector, Matt Fox {who's exhibitions have performed well for the museum in the past). Again, a
beautifully presented exhibition that drew in new audiences interested in Star Wars memorabilia, it was somewhat lacking
in interactive opportunities and this- alongside a general decrease across the sector- was one factor in achieving lower than
expected foottall.
November 2024 saw the opening of the Off the Wall Art Exhibition. an exhibition arranged by and in support of our
associated Friends and Patrons charity (charity no. 1059377) and hadn't featured in the exhibition calendar since 2021. A
new Friends volunteer arranged the exhibiting artists for this short-run exhibition and although it raised some money for
the charity, it did not generate as much income as It has done in previous years. Future iterations of this exhibition are
likely to be scaled-down in size as the effort involved in mounting them is considerable, in relation to the length of run and
income raised.
The year's main exhibition schedule finished on a more positive note with the installation of the Bucks Photography Open in
January 2025 and which was added to with a hands-on children's science exhibition Light Fantastic in Februaryi to coincide
with the school half-term. The open photography competition had 80 photographers enter and a further 50 under 18's enter
their own version of the photography competition. which was displayed alongside the adults, photos. The Light Fantastic
exhibition was added into the centre of the photograph exhibition space and focused on the science of optics, so remained
in-keeping with the photography exhibition. This ran through the February half-term and Easter school holidays and was a
huge hit with visiting families.
There were also two smaller exhibitions featured in the 'Georgian Room. area of the museum during the year. The Muir
Trust funded an artist in residence, Cara Gordon. frorn May '24 to July '24. Cara's work focused on portraiture and was both
produced and exhibited in the room. This was followed by a collections-based exhibition, WEIRD, displaying unusual and
unlikely objects from the collections which was very popular with the public and is planned to be a smaller changing display
in another area of the museum going forward.
The Ernbroiderers, Guild exhibition for the 2024 period was Blooming Threads. displaying textile pieces depicting flowers
and was changed over in January 2025 to On a Gland Scale, displaying some of the larger pieces in the EG collection,
including a felt depiction of the 'Birth of Venus..
Community displays for the period included- a display about the Mayor at the time, Steve Lambert, featuring the Mayoral
robes; an artwork display for Holi Festival; Refugee 'Food Stories., following themes of how food brings communities
together- a local Ukrainian artist, Alexandra Dikaia- and a celebration of Aylesbury Pride event, held in August 2024.
other displays were installed around the museurn, including.. Marvin the Paranoid Android, in the costume case of the
Discover Bucks Galleries- a maquette of the geologist, Mary Anning, that toured the UK- and a selection of local pottery
found in a former hospital, in the Early Access archaeology case.
Events
Informal activity days during school holidays started have gone from strength-to-strength this year. Demand for these has
increased and so capacity andlor frequency has too. Other notable events are the Paranormal Investigations that take
place,. although not run by us, we are becoming increasingly popular for ghost hunts and these events are producing a very
good Income stream whilst raising our profile to new audiences.
Some of our notable events through the year included:
st George's Day- Delivered in collaboration with the Aylesbury Town Council. this annual event normally sees visitor
numbers in excess of 1,000 over the day and features theatrical performances, crafts and even St. George on
horseback.
Holi Festival of Colour with the Aylesbury Hindu Temple Trust: attrdrted around 800 people to enjoy celebrations
surrounding thi5 fun, paint-throwing holy festival.
Festival of Archaeology- As a National scheme, this is a regular feature in the museum's calendar. This year featured
presences from the Portable Antiquity Scheme and Bucks Archaeological Society. There was also a Roman pottery
identification workshop, craft activities and sandpit excavations to keep families entertained.
Heritage Open Day- This National scheme is one which we participate in annually. This year included stall holders
from various heritage organisations, local photograph collections and a performance from the RAF pipe band.
Festival of Light- We again hosted the event in collabordtion with Holy Cow Community Events. The day featured
community acts on a stage in the museum's garden and ended with a lantern parade late afternoon. This is an
incredibly important community event for the museum and plans to continue year-on-year.
Dino Day.. Megalosaurus 200- This day focused on rocks and fossils and what they can tell us. We were joined by
palaeontology groups from Isle of Wight and was incredibly popular with families.
.CONTINUED
Page 2

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Main Achievements - continued
Discover Bucks Collections Stores
The collection stores in Halton village are a foreseeable issue as they are becoming full, dilapidating to a point where they
are not fit-for-purpose, and the Council (who own the building) are looking to put it to another use.
To this effect, work has been done to quantify the collertions and the storage requirements to best suit their needs moving
forwards. Other aspects are also being considered in developing the collectlOnS Store, most likely in another location. this
includes using green energy schemes to reduce utilities, additional space for collections development and future influx of
HS2 materials, and public access.
Work was done to assess suitability of a site in High Wycombe. but this was proven to not be suitable for our collections,
due to the building condition, location and limitations on load-bearing on upper floors. We continue to work with
Buckinghamshire Council to find an appropriate alternative site, and we are also looking at other options for a store move in
the future.
Strategic Plan
A new 10-year Strategic Plan has been issued, to cover the period 2025 - 2035. Strategic Priorities have been identified as
the following:
l. Audiences
2. Collections
3. Resources
4. Financial Sustainability
The priorities focus on: improving footfall and visitor offerings. working more closely with our communities, developing our
collections and improving collections care, rdising the profile of our studio ceramics collection, improving our staff and
volunteer resources and training, and increasing our self-generated revenue.
Work continues on the delivery plan to sit alongside this and ensure we achieve our strdtegic airn5.
Collections
Acquisitions during the year:
'Ann'_ Pastel portrait by Muir Trust artist-in-residence
Ann by Cara Gordon, artist, made during Muir Trust artist residency 2024: using violet pastel and collage; height 51cm.,
This item was added to the collertion following the residency.
HS2 route painting
3 wooden panels of maps of the proposed Hs2 route. Created by Julia Drummond, who was a local ceramic artist and was
passionate campaigner against HS2. She also has studio pottery in the museum's collection
Barclay Family Dress
Dress dated approx. 1880-1900. 1 of 2 which were donated. made for 7-8 year old, green silk with a mix of pink and red
embroidered flowers all over the front and back of the dress. full length sleeves and high necked, ruffled collar. Donated by
the Barclay family. The donor, Joanna Barclay was the Deputy Lieutenant for Buckinghamshire. Both dresses are part of the
Barclay family, however it is unknown who they would have been maile for.
Military medals, Quainton
Framed set of 6 medals. Top three are from WWI awarded to donor's uncle John Brion from Quainton. killed in April 1918.
The three medals in the lower tier were awarded to donorfs father. also from Quainton. during WW2.
Banknote, Aylesbury Vale Bank
Promissory note issued by the Vale of Aylesbury Bank. Reads "Promise to pay the Bearer on Demand the sum of ONE
POUND, here or at Messrs Masterman Peters, Masterman & Co Bankers London Value received Aylesbury 26 day of Novr
1810 No 43333 Mr Thornas Grace & John Saunders Woodcock One tK)und (11853)" and signed L S Woodcock
Bronze Age Bracelet, Edgcott
Gold ribbon bracelet, 4.23g, Bronze Age {probably mid to late). found by metal detectorist in parish of Edgcott and declared
Treasure
Coin Hoard, Marlow
Hoard of two Merovingian gold coins, dated c.580-670: found by metal detectorist near parish of Madow, near Marlow
warlord burial and declared Treasure. one is from Le Vimeu mint, the other possibly an imitation of the Auvergne mint
Archaeological Archive-'Marlow Warlord
archaeological archive from excavation of the Marlow Warlord: early medieval warrior burial; findspot to remain confidential
at request of landowner. original grave goods found by metal detertorist, but grdve later excavated by Reading University
team,. finds include human remains, well preserved sword with fittings, iron knife, iron shears. buckle, strike a light,
fragments of glass cone beaker,. previous partial excavation of the grave recovered 2 copper alloy bowls and 2 spearhead
.CONTINUED
Page 3

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Main Achievements - continued
Portable Antiquities Scheme
Work continued on recording treasure finds and liaising with finders and we still employ a Finds Liaison OfFicer. We use
every opportunity to promote the PAS scheme, largely through the Officer's presence at our related events, both on-site
nd externally.
National Portfolio Oryanisation
We continue to report as required to the Arts Council to retain our NPO status. This includes updating our activity plan
progress, achievements against the investment principles and our financial standing. The programme has been extended to
2026127, and is intended to be extended for a further year to cover the 2027/28 period, which we will apply to. The
museum recognises and thanks the Arts Council England for their significant and continued support over the years.
Service Level Agreements
The museum cares for and manages collections from the National Paralympic Heritage Trust, Embroiderer's Guild and Tring
Museum.
The SLA with Buckinghamshire Council continues, whereby the Council pays the museum to care for their collections- this
amount has been reducing by around £IOk per year over the last three years. and will continue to do so over the next two
years, until the SLA is revisited and a new agreement signed.
Volunteers
Volunteers continue to work at both the museum and collections store sites, and account for around 4,000 hours every
year. Intentions are to increase our volunteer numbers- as per the new Strategic Plan- by offering more attractive
volunteering opportunities across the museum sites.
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 1990s and focus their grant giving on art acquisitions and some strategic grants
for example for selected special exhibitions. The Museum is incredibly grateful to the Patrr)ns and Friends for their continued
and invaluable support for the exhibitions programmes and other activities which are such a success Wlth our local
community.
The £23,034 received last year from the Friends & Patrons supported a number of projects, including.. the purchase of
essential facility equipment. SEND focused play-equipment and a substantial: amount for an essential IT infrastrurture
upgrade.
The Friends also kindly supported the purchase of 2 Bucks treasure items for the collections during the year totalling £800.
a memento mori ring and Medieval silver pyramid.
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 stories reflerting the people, culture and landscapes in Buckinghamshire. We encourage
visitors to join us on journeys of discovery. We inspire our community, creating conversations and connettions 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.
Curiosity
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 conversations.
Financial Review
Page 4

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Financial Position
The key features of the financial performance for the year ended 31st March 2025. extracted from the detailed financial
statements on pages 5 to 18.
The principal income during the year was from the Buckinghamshire Council Service level agreement for the management
of the museum and collertion £387.174, a National Portfolio Organisation grant from the Arts Council £101,840 and other
service level agreements totalling £20,083.
Admission fees (introduced in April 2022) totalled £25,500 for the new museum galleries and £48,600 for the Roald Dahl
Children's Gallery. Introducing the admission charge has increased self-generated income significantly admission charges
will be further evaluated to discern whether the prices are a barrier to some or considered too low compared to 'value for
rnoney,. Self-generated incorne accounted for 41Q/o of total income.
The main items of expenditure were salaries and pension contributions £634,850 (an increase of 5010 compared with
2023124), utilities £97,000 (an increase of 13% on 2023124}. Other significant costs include.. cost of sales £12,800,.
professional & accountancy fees £1.600; insurdnce £13.400: IT & telephony £18.900: and advertising costs £13,200.
Reserves
In line with their duties under Company and Charity law. and in accordance with the guidance issued by the Charity
Commission, the Trustees have taken a risk identification approach towards calculating the minimum level of reserves the
Museum aims to hold and have adopted the following policy on reserves.
The Museum holds reserves..
To fund working capital
To fund future commitments
To fund shortfalls in income or unexpected expenditure
Having considered the relative reliability of the Museum's major income streams and the level of commitment to expenditure,
Trustees have concluded that the majority of the Museum's main sources of income - a management fee from Bucks County
Council, NPO funding from the Arts Council
is predictable in the short term and receivable In advance, but heavily reliant on
two funders. Most of the Museum's costs are staffing and building related and are fixed in the short term.
Therefore, the Trustees have determined that the minimum level of free reserves should be £300,000 covering 6 months of
fixed costs in the event of a significant loss of income. The Museum received a £ 110,000 grant from Arts Council England in
2025 towards reinflating its reserves and will aim to generdte surpluses of £30.000 per year for the next 3 years to increase
reach £300,000.
The Museum may also raise funds towards future commitments or planned projects and would designate the associated
proportion of reserves towards these specific purposes. If the Museum takes on a fixed term repairing lease, reserves would
be accumulated to cover end of lease obligations.
This policy and the level of reserves currently held will be reviewed annually.
Structure, Governance and Management
Governing Document
Trustees holding office in 2024125 were selected following public advertisement and interview. All Trustees are selected
based on the range of skills and characteristlcs needed to oversee and develop the museum and to integrate its work with
the wider cornmunity. Trustees have experience and qualifications in finance, business development and management,
healthcare, governance and strategyi school's management, education, development of young people, projert
management, community engagement and digital. Trustees are aware of the need to diversify and have diversified gender
and different cultural backgrounds within current trustees and are committed to continuing to diversify the governance of
the museum and include different voices in decision making in the future.
Every new trustee receives an induction pack and a formal induction day with the Museum Director and staff and attend at
least one Away Day annually with staff to help plan for the future. Trustees meet formally 5-6 times per year.
The HR and Finance Committees (set up in 2020121) continued to meet throughout the year, on 3 occasions each.
All trustees 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 association.
The majority of Trustees were also Directors of the Buckinghamshire County Museum Enterprises. a company limited by
guarantee, which had been dormant and was wound up in the year.
.CONTINUED
Page 5

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Governing Document - continued
Organisational Management
The Trustees determine the general poliry 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. 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 administration of the Museum and its
associated Resource Centre is undertaken within the policies and procedures approved by the Trustees. Only significant
expenditure decisions and major capital projects are referred to the Trustees for prior approval.
Other Relationships
The trustees maintain a close relationship with Bucks County Council, now Buckinghamshire Council from l April 2020 and
the Arts 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 specialist groupings for Education,
Archaeology and Natural Sciences integrating them into national networks across the UK.
Risk Management
The Trustees are 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.
Through the established risk management processes for the Museum. the Trustees are satlsfied 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 continues to insure the buildings, contents and activities of the museum and resource centre, and also has
specialist insurance cover on the collections. Further insurdnce is in place for: Trustees Indemnity, Personal Accident,
Employer's Liability and Public Liability (for no less than £IOm).
Reference and Administrative Details
Trustees
Mr Mark Hall
Mrs Susan Imbriano
Ms Natasha Ostaszewska-Thiebaut (resigned 0810712024)
Mr Robert Sutcliffe
Mr William Chapple
Mrs Kate Schwarz
Mr Jamie Douglas
Mr Simon Kearey
Professor Daniel Pett
Company Secretary
Dux (Company Secretary} Limited
Charity Number
1153345
Company Number
08313398
Independent Examiner
Caroline Clarke ACA
Clarke + Wells
Ground Floor
66 High Street
Lewes
East Sussex
BN7 IXG
Page 6

The Buckinghamshire County Museum Trust
Trustees. Report (continued)
For The Year Ended 31 March 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies
regime within Part 15 of the Companies Art 2006.
The trustees, report was approved by the board of trustees and signed on its behalf by:
Mr Robert Sutcliffe
Trustee
19th December 2025
Page 7

The Buckinghamshire County Museum Trust
Independent Examiner's Report to the Trustees of The Buckinghamshire County Museum
Trust
For The Year Ended 31 March 2025
report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company {and also its dirertors for the purposes of company law), you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 1"the 2006 Act").
Having satisfied myself that the accounts of the Cornpany 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 your charity's accounts as carried out under
section 145 of the Charities Act 2011 ('the 2011 Art'l. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5) (bl of the 2011 Act.
Independent Examiner's Statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of
the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of
Chartered Accountants in England and Wales. which is one of the listed bodies.
have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe:
l. accounting records were not kept in respert 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 accounting requirements of section 396 of the 2006 Act 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,. or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
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.
Caroline Clarke ACA
19th December 2025
Clarke + Wells
Ground Floor
66 High Street
Lewes
East Sussex
BN7 IXG
Page 8

The Buckinghamshire County Museum Trust
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
other trading activities
Investments
other
116,348
612.737
3,588
95,989
106,078
222,426
612,737
3,588
95,989
299.715
642,703
2.434
17,924
828,662
106,078
934,740
962,776
EXPENDThURE ON:
Raising funds
Charitable activities-
(12.817)
112.817)
116.495)
Reflecting the people, culture and landscape5 in
Buckinghamshire
{855,071} (69,088) (924,159) { 1,02 1,357)
{867,888) (69,088) (936,976) { 1,037,852)
NET EXPENDITURE
(39,226}
36,990
{2,236)
(75,076)
NET MOVEMENT IN FUNDS
(39,226}
36,990
{2,236)
(75.076)
RECONCILIATION OF FUNDS:
Total funds brought forward
199,562 1,352,451 1,552,013 1,627.089
TOTAL FUNDS CARRIED FORWARD
19
160,336 1,389,441 1,549,777 1,552.013
The notes on pages 13 to 21 form part of these financial statements.
Page 9

The Buckinghamshire County Museum Trust
Comparative Statement of Financial Activities (including Income and Expenditure
Account)
For The Year Ended 31 March 2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Other trading activities
Investments
109,153
642,703
2,434
17,924
190,562
299,715
642,703
2,434
17,924
Other
772,214
190,562
962,776
EXPENDITURE ON:
Raising funds
Charitable activities:
Reflecting the people, culture and landscapes in Buckinghamshire
(16,495)
(16,495)
{750,488} (270,869) { 1,02 1,357)
{766,983} (270,869) { 1,037.852)
NET EXPENDITURE
5,231
(80,307)
(75,076)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
5,231
180,3071
175.076)
Total funds brought forward
194,331 1,432,758
1,627,089
TOTAL FUNDS CARRIED FORWARD
19
199,562 1,352,451
1,552,013
The notes on pages 13 to 21 form part of these financial statements.
Page 10

The Buckinghamshire County Museum Trust
Balance Sheet
As At 31 March 2025
2025
2024
Unrestricted Restricted
funds
funds
Total
funds
Total
funds
Notes
FIXED ASSETS
Tangible Assets
Heritage Assets
13
1,617
1.617
5.157
1,350,380 1.350,380 1,350,380
14
1.617 1,350,380 1.351,997 1,355,537
CURRENT ASSETS
stocks
15
1.565
147,177
69,820
1,565
147.177
108,881
2,222
67,227
218,362
Debtors
Cash at bank and in hand
16
39,061
218,562
39,061
257,623
287,811
Creditors: Amounts Falling Due Within One Year
17
(59,843)
(59,843) (91,335)
NET CURRENT ASSETS (LIABILITIES)
158.719
39,061
197,780
196,476
TOTAL ASSETS LESS CURRENT LIABILITIES
160.336 1.389,441 1.549,777 1,552,013
NET ASSETS
160,336 1,389,441 1,549.777 1,552.013
FUNDS OF THE CHARITY
Restricted Funds
1.389,441 1,352,451
160.336
199,562
Unrestricted Funds
TOTAL FUNDS
19
1,549,777 1,552,013
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies
Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies
regime.
On behalf of the board
Eobgrt E SMtLII
Mr Robert Sutcliffe
Trustee
19th December 2025
The notes on pages 13 to 21 form part of these financial statements.
Page 11

The Buckinghamshire County Museum Trust
Statement of Cash Flows
For The Year Ended 31 March 2025
2025
2024
Notes
Cash flows from operating activities
Net cash used in operations
(113,069)
144,387)
Net cash used in operating activities
(113,069)
144,387)
Cash flows from investing activities
Purchase of tangible assets
Interest received
(855)
2,434
3,588
Net cash generated from investing activities
3,588
1,579
Decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
(109,481)
218,362
142,808)
261,173
Cash and cash equivalents at end of year
108,881
218,365
Page 12

The Buckinghamshire County Museum Trust
Notes to the Statement of Cash Flows
For The Year Ended 31 March 2025
Reconciliation of expenditure to cash used in operations
2025
2024
Net expenditure
Adjustments for."
Interest income
(2,236)
(75,076)
(3,588)
3,540
(2.434)
3,620
Depreciation of tangible assets
Movements in working capital..
Decrease in stocks
657
2,571
10,160
16,772
(Increase)/decrease in trade and other debtors
(Decrease)/increase in trade and other creditors
(79,950)
{31.492)
Net cash used in operations
1113,069)
144,387)
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows. relates to the following items in the Balance Sheet..
2025
2024
Cash at bank and in hand
108,881
218.362
3. Analysis of changes in net funds
As at l April Cash flows
2024
Asat31
March 2025
Cash at bank and in hand
218,362
{ 109,481)
108,881
Page 13

The Buckinghamshire County Museum Trust
Notes to the Financial Statements
For The Year Ended 31 March 2025
l. General Information
The Buckinghamshire County Museum Trust is a company limited by guarantee. incorporated in England & Wales, registered
number 08313398 and registered charity number 1153345. The registered office is
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 I
January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the
trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital
and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees
to carefully monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that
described above
2.3. Incoming Resources
Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the
item{s) of income have been met, it is probable that the income will be received, and the amount can be measured
reliably.
Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the
amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.
Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier,
unless the grant relates to a future year. in which case it is deferred. Income from charitable activities is credited to
the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific
future year or event, in which case it is deferred.
2.4. Resources Expended
Liabilities are recognised as expenditure as soon as there 15 a legal or constructive obligation cotnmitting 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.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated irnpairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,
over their expected useful lives on the following bases:
Fixtures & Fittings
Computer Equipment
25% Straight line
20% Straight line
2.6. Heritage Assets
Heritage assets are included at cost. In the year ended 31 March 2017 the museum was successful in acquiring the
Lenborough Hoard at 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.
Page 14

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Stocks and Work in Progress
stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
Work in progress is reflected in the accounts on a contratt by contrdrt basis by recording turnover and related costs as
contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified
stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the
statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up
to the original impairment Ioss, and is recognised as a credit in the statement of financial artivities.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,
other short-term highly liquid investments that mature in no more than three months from the date of acqui51tion and
are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Pensions
The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement
of Financial Activities as they become payable in accordance with the rules of the scheme.
3. Income from Donations and Legacies
2025
Unrestricted
Restricted
Total
funds
funds
funds
Donations and gifts
Legacies
Grants
10.424
4,084
101.840
10.424
4,084
207.918
106,078
116,348
106,078
222,426
2024
Unrestricted
Restricted
Totsl
funds
funds
funds
Donations and gifts
Legacies
Grants
7,313
7.313
101,840
190,562
292,402
109,153
190,562
299,715
The following grants are included within the total income from donations and legacies above=
2025
Unrestricted
funds
Restricted
funds
Total
funds
Arts Council - NPO
British Museum acquisition grant
Britlsh Museum PAS grant
Buckinghams County Council Contribution to MEND application
DCMS Mend Fund
Friends & Patrons of the Museum
Headley Trust aCqUlSltion grant
National Heritage Lottery Fund - Bucks Heroes Project
101.840
101.840
22,549
7.919
22,549
7,919
23,034
23,034
17,705
17,705
.CONTINUED
Page 15

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
V&A acquisition grant
Muir Trust
2,980
4,890
27,000
2.980
4,890
27,000
Art Fund
101,840
106,077
207,917
2024
Unrestricted
funds
Restricted
funds
Totsl
funds
Arts Council - NPO
101,840
101,840
15.000
7,333
20,000
60,000
27,899
6,400
42.180
11,750
British Museum acquisition grant
British Museum PAS grant
Buckinghams County Council Contribution to MEND application
DCMS Mend Fund
15,000
7,333
20,000
60,000
27,899
6,400
42,180
11,750
Friends & Patrons of the Museum
Headley Trust acquisition grant
National Heritage Lottery Fund - Bucks Heroes Project
V&A acquisition grant
Muir Trust
Art Fund
101,840
190,562
292,402
4. Income from Other Trading Activities
2025
2024
Unrestricted Unrestricted
funds
funds
Shop income
Catering
Room Lettings
Art sale proceeds
Family activities and misc income
Schools Income
Admissions income
7,775
20,250
14,537
3,931
14,260
42,780
74,770
411,226
3,083
20,125
10,425
17,818
7,130
9,875
14,778
38,252
84,339
437,052
4,085
18,949
Payments from government or public authorities
other income
Income from SL4s
612,737
642,703
5. Investment Income
2025
2024
Unrestricted Unrestricted
funds
funds
Bank interest receivable
3,588
2,434
Page 16

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Other Income
2025
2024
Unrestricted Unrestricted
funds
funds
Museum and gallery tax relief
95,989
17,924
7. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
2025
2024
Depreciation of tangible fixed assets - owned
3,540
3,620
8. Analysis of Expenditure
2025
Activities
undertaken
directly
Support
costs
{see note 9)
Total
Raising funds
Reflecting the people. culture and landscapes in Buckinghamshire
12,817
910.221
12,817
924.159
13,938
923.038
13,938
936.976
2024
Artivities
undertaken
directly
Support
costs
{see note 9)
Total
Raising funds
Reflecting the people, culture and landscapes in Buckinghamshire
16,495
994,068
16,495
1,021,357
27,289
1,010,563
27,289
1,037,852
9. Support Costs
2025
Reflecting the
people, culture
and landscapes
in
Buckinghamshire
General administration
9,245
4.693
Governance costs
13,938
Page 17

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2024
Reflecting the
people, culture
nd landscapes
in
Buckinghamshire
General administrdtion
8,531
18,758
Governance costs
27,289
10. Independent Examiner's Remuneration
2025
2024
Independent examination of the financial statements
1,600
1,600
I l. Staff Costs
Staff costs were as follows..
2025
2024
Wages and salaries
Social security costs
Other pension costs
564.995
42.246
48,709
498.600
32,230
50,956
655,950
581,786
The number of employees whose employee benefits (excluding employer pension costs) for the reporting period exceeded
£60,000 was..
2025
2024
£60,000 to £69,999
12. Average Number of Employees
Average number of employees during the year was- 32 (2024- 31)
13. Tangible Assets
Fixtures &
Fittings
Cost
As at l April 2024
67,294
As at 31 March 2025
67,294
Depreciation
As at l April 2024
Provided during the period
62,137
3.540
As at 31 March 2025
65,677
Net Book Value
As at 31 March 2025
1,617
As at l April 2024
5,157
Page 18

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
14. Heritage Assets
Artefacts
Cost
As at l April 2024
1,350,380
As at 31 March 2025
1,350,380
Net Book Value
As at 31 March 2025
1,350,380
As at l April 2024
1,350,380
Heritage assets are included at cost. In the year ended 31 March 2017 the museum was successful in acquiring the
Lenborough Hoard at 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.
15. Stocks
2025
2024
stock
1,565
2,222
16. Debtors
2025
2024
Due within one year
Trade debtors
41,871
105,306
15,155
52,072
other debtors
147,177
67,227
17. Creditors: Amounts Falling Due Within One Year
2025
2024
Trade creditors
26,215
12,708
20,920
55.472
12,429
23.434
Other creditors
Accruals and deferred income
59.843
91,335
18. Pension Commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £48,709
{2024- £50,956).
At the balance sheet date contributions of £2,133 (2024- £1,922) were due to the fund and are included in creditors.
Page 19

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
19. Movement in Funds
As at l April
2024
Asat31
Expenditure March 2025
Income
Unrestricted funds
General..
General unrestricted fund
Restricted funds
199.562
828.662
{867,8881
160,336
Bucks Heroes
Discover Bucks Galleries
(14.172)
19,150
2.255
1,348,250
(261)
{2,771)
17.705
13,5331
(15,605)
(12,6331
3,545
12,656
1,348,250
Friends Projects
Lenborough Hoard
Muir Trust
Portable Antiquities
Acquisitions
Art Fund
23.034
4.891
30,468
2.980
27,000
14,6301
(27,697)
14,9901
(2.010)
27,000
Total restrirted funds
1,352,451
106,078
(69,088)
1,389,441
Total funds
1,552,013
934,740
1936,976)
1,549,777
As at l April
2023
Asat31
Expenditure March 2024
Income
Unrestricted funds
General..
General unrestricted fund
Restricted funds
194.331
772.214
{766,9831
199,562
Bucks Heroes
37.776
(51,9481
(63,608)
18,1691
(27,375)
{2611
(29,508)
(30,0001
(60,000)
114.172)
19,150
2,255
1,348,250
(261)
(2,771)
Discover Bucks Galleries
82,758
Friends Projects
Lenborough Hoard
Muir Trust
Portable Antiquities
MEND Fund
Halton Storage
10.424
25,625
1,350,000
26,737
30.000
60,000
Total restricted funds
1,432,758
190,562
1270,869)
1,352.451
Total funds
1,627,089
962,776
(1,037,852)
1,552,013
20. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity
during the current or previous year.
No trustee expenses have been incurred.
Page 20

The Buckinghamshire County Museum Trust
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
21. Related Party Disclosures
Key management personnel (including directors) received compensation of £74.350 (2024: £72,702)
22. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an
amount as may be required not exceeding £1.
Page 21

The Buckinghamshire County Museum Trust
Detailed Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 March 2025
2025
2024
Total
funds
Total
funds
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations from individuals
10,424
4,084
207,918
7,313
Legacies
Grants
292,402
222,426
299,715
Other trading activities
Shop income
Catering
Room Lettings
Art sale proceeds
Family attivities and misc income
Schools Income
Admissions income
Payments from government or public authorities
Other income
7,775
20,250
14,537
3,931
14,260
42,780
74,770
411,226
3,083
20,125
10,425
17.818
7,130
9,875
14,778
38,252
84,339
437.052
4,085
18.949
Income from SLAS
612,737
642,703
Investments
Bank interest receivable
3,588
2,434
3,588
2,434
Other
Museum and gallery tax relief
95,989
17,924
95,989
17.924
934,740
962,776
EXPENDITURE ON:
Raising funds
Cost of direct charitable activity
(12,817)
(16,495)
(12,817)
(16,495)
Charitable Activities:
Reflecting the people. culture and landscapes in Buckinghamshire
Cost of dirert charitable activity
Wage5 and salaries
Employers Nl
Employers pensions - defined contribution schemes
Depreciation
{250,7311
{564,9951
(42,246)
(48,7091
(3,540)
(408,662)
(498,600)
(32,230)
150,956)
(3,620)
.CONTINUED
Page 22

The Buckinghamshire County Museum Trust
Detailed Statement of Financial Activities (including Income and Expenditure Account)
(continued)
For The Year Ended 31 March 2025
Independent examiner's fees
Finance
Governance costs
(1,600)
17,6451
(4,693)
(1,600)
(6.931)
(18,758)
1924, 159) { 1,02 1,357)
1936,9761 { 1,037.852)
NET EXPENDThURE
(2,236)
(75,0761
Page 23

-pdf_preview_8
Final Audit Report
2025-12-22
Created..
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By..
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Status..
Signed
Transaction ID..
CBJcHBCAABMb011FHxBWRnvlw1-zr8PqSB4￿cEVX2G
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