UTTOXETER HERITAGE TRUST
Trustees Report and Financial Statements For the Year Ended 31 March 2025
| Contents | |
|---|---|
| Page | |
| Information Page | 1 |
| Trustees Report | 2-5 |
| Statement of Financial Activities | 6-7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-12 |
| Accountants Report | 13 |
UTTOXETER HERITAGE TRUST
Trustees: Janet Dean Helen Corbishley Peter Redfern Zdzislaw Krupski Dave Marriott Penny Krupski Robert Hawkins Elizabeth Common Dig Boot Pam Gouldsmith Charity Number: 1154215 Status: Registered Charity Registered Address: 34-36 Carter Street Uttoxeter Staffordshire ST14 8EU Accountant: Wynniatt-Husey Limited The Old Bakehouse Dove Walk Uttoxeter Staffordshire ST14 8EH
Page 1
UTTOXETER HERITAGE TRUST
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.
Principal Activities
The principal activity of the charity is to administer Redfern's Cottage: Museum of Uttoxeter Life, for the benefit of the public through promotion, support, assistance and improvement to the museum.
Charitable Status
The charity is a registered charity under number 1154215.
Relevant Organisations
Details of relevant organisations to the charity are as follows:
Accountant: Wynniatt-Husey Limited The Old Bakehouse Dove Walk Uttoxeter Staffordshire ST14 8EH
Trustees
New trustees are elected at the Annual General Meeting by the members of the Trust. The term of office is three years.
Trustees
Janet Dean 2022 Helen Corbishley 2024 Peter Redfern 2024 Zdzislaw Krupski 2022 Dave Marriott 2022 Penny Krupski 2023 Robert Hawkins (ex officio) 2022 Elizabeth Common 2024 Dig Boot 2023 Pam Gouldsmith 2023
Page 2
UTTOXETER HERITAGE TRUST
Trustees Report (continued) For the Year Ended 31 March 2025
Statement of Trustees Responsibilities
Charity law requires the Executive Committee, as Trustees, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Uttoxeter Heritage Trust and the results for that year. In preparing those statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are responsible and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of Uttoxeter Heritage Trust.
They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Management
The Trustees have examined the principal areas of the company's operations and considered the major risks, which may arise in these areas. In the opinion of the Trustees, the company has established resources and review systems which under normal conditions should allow the risks identified by them to be mitigated to an acceptable level in its day to day operation.
Page 3
UTTOXETER HERITAGE TRUST
Trustees Report (continued) For the Year Ended 31 March 2025
Trustees Statement
This has been another good year for the Uttoxeter Heritage Trust, against a backdrop of the closure of two of our closest museum neighbours because of financial difficulties.
Although our costs continue to rise, so do the efforts of the team of volunteers, without whom we would not thrive.
Support for Redfern's Cottage Museum heritage activities continues to grow. Attendance at talks and walks remained high during the year, especially those staged in larger spaces elsewhere in the town. Although our loyal membership has been the mainstay of our audience, the number of new attendees has increased as we help develop their interest in local and family history.
School visits, talks to outside groups and our work with the Rotary Club Dementia Cafe continued to generate income, at little or no cost.
We have been fortunate that during the year we were successful in obtaining an East Staffordshire Ward Enhancement grant. This has enabled us to begin to refresh the museum displays, and specifically to create a new temporary exhibition space in our ground floor gallery. We hope that, by using this space for a changing programme of exhibitions, we will attract even more visitors to the Museum.
An enormous amount of work by the curator and the archive and collection volunteers also enabled us to meet the deadline for our submission to the Arts Council for renewal of our official museum accreditation.
This has been another year of tremendous efforts by trustees and volunteers to maintain the success of our cafe and bookshop. Numbers of customers increased with a corresponding rise in income. Our beautiful garden, about which we have received very positive feedback from customers, is a major attraction, and has contributed greatly to the success of the café.
We thank our members, visitors and customers for their support. We are also especially grateful for the tremendous efforts of all those volunteers who give so freely of their time to help make our organisation so successful.
Signed on behalf of the Trustees ……………………………………………………………......................
Date:
Page 4
UTTOXETER HERITAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | 2025 | 2024 | ||
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| £ | £ | £ | £ | ||
| INCOME | Notes | ||||
| Donations | |||||
| Donations | 5,272 | - | 5,272 | 5,679 | |
| Gift aid income | 757 | - | 757 | - | |
| Grants | 800 | 11,991 | 12,791 | - | |
| Income from charitable activies | 6,829 | 11,991 | 18,820 | 5,679 | |
| Membership fees | 1,003 | - | 1,003 | 1,055 | |
| Income from school visits | 290 | - | 290 | - | |
| Income from group visits | 155 | - | 155 | 246 | |
| Income from museum vists | 787 | - | 787 | 1,197 | |
| Income from online events | - | - | - | - | |
| East Staffordshire Lottery Income | 426 | 426 | |||
| Income from other trading activities | 2,661 | - | 2,661 | 2,498 | |
| Café sales | 16,643 | - | 16,643 | 13,378 | |
| Savings Interest Received | 313 | - | 313 | 148 | |
| Shop sales | 2,444 | - | 2,444 | 2,587 | |
| Wayfarer tickets | 1,555 | - | 1,555 | 1,213 | |
| Fundraising events | 3,007 | - | 3,007 | 4,193 | |
| Sundry sales | 60 | - | 60 | 53 | |
| 24,022 | - | 24,022 | 21,571 | ||
| TOTAL INCOME | 33,512 | 11,991 | 45,503 | 29,748 | |
| EXPENDITURE | |||||
| Expenditure on raising funds and charitable activities | |||||
| Purchases | 4,729 | - | 4,729 | 3,894 | |
| Opening stock | 2,628 | - | 2,628 | 2,168 | |
| Closing stock | (3,906) | - | (3,906) | (2,628) | |
| Event costs | - | - | - | 693 | |
| Worldpay charges | 573 | - | 573 | 454 | |
| Payroll expenses - Project Curator | 4) | 11,684 | - | 11,684 | 11,678 |
| Promotional expenses | 529 | - | 529 | 1,237 | |
| Support costs | 5) | 13,995 | 11,991 | 25,986 | 10,377 |
| 30,232 | 11,991 | 42,223 | 27,872 | ||
| TOTAL EXPENDITURE | 30,232 | 11,991 | 42,223 | 27,872 | |
| Depreciation | 20 | 46,670 | 46,690 | 46,768 |
Page 6
UTTOXETER HERITAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| Notes Net income/(expenditure) for the year Movements between funds NET MOVEMENT OF FUNDS Total funds as at 01 April 2024 Total funds as at 31 March 2025 |
Unrestricted Restricted 2025 2024 Funds Funds Total Total £ £ £ £ 3,260 -46,670 -43,410 -44,892 - - - - 3,260 -46,670 -43,410 -44,892 25,965 703,669 729,634 774,526 29,225 656,999 686,223 729,634 |
|---|---|
Restricted funds relate to the extension and renovation of the museum.
Page 7
UTTOXETER HERITAGE TRUST
BALANCE SHEET AS AT 31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 6) CURRENT ASSETS Stock Wages control 7) Cash at bank in hand CURRENT LIABILITIES Creditors 8) NET CURRENT ASSETS/(LIABILITIES) NET ASSETS FUNDS Unrestricted funds 9) Restricted funds 9) Total funds 9) |
Total £ £ £ 60 651,000 651,059 3,906 - 3,906 - - - 21,180 6,000 27,180 25,086 6,000 31,086 5,332 - 5,332 19,754 6,000 25,754 19,814 657,000 676,814 29,225 29,225 656,999 656,999 29,225 656,999 686,224 Unrestricted fund Restricted fund 2025 |
2024 Total £ 697,749 2,628 4,160 30,062 36,850 4,965 31,885 729,634 25,966 703,669 729,635 |
|---|---|---|
Signed on behalf of the Trustees:.............................................................................
Date: ....................................
Page 8
UTTOXETER HERITAGE TRUST
Notes to the Financial Statements
For the Year ended 31st March 2025
1) ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention, and are accounted for under the income and expenditure basis.
Grants Receivable
Grants are recognised in full in the Statement of Financial Activities in the year in which they are received, and anything attributable to after the year end are then deferred.
Tangible fixed assets
Tangible fixed assets are capitalised at cost of acquisition.
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated use | Depreciation is provided at the following annual rates in order to write off each asset over its estimated use |
|---|---|
| Fixtures and fittings | - 25% reducing balance |
| Computer Equipment | - Straight line over 3 years |
| Marquee | - Straight line over 5 years |
| Heritage Assets | - Straight line over 10 years |
| Museum building project | - Straight line over the period of the lease |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Unrestricted Funds
Unrestricted funds are donations and other incoming funds receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Restricted Funds
Restricted funds are to be used for the specific purpose as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargable gains Act 1992 to the extent that these are applied to its charitable objects.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value.
2) CHARITABLE STATUS
The charity has registered charity status under number 1154215.
Page 9
UTTOXETER HERITAGE TRUST
Notes to the Financial Statements
For the Year ended 31st March 2025
3) RELATED PARTY TRANSACTIONS AND TRUSTEES' EXPENSES AND REMUNERATION
The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash
4) STAFF NUMBERS AND COST
| The average number of persons employed by the charity during the year was 1 (2024 - 1) The aggregate payroll costs of this person were as follows: Wages and salaries Pension (Defined contribution scheme) |
2025 £ 10,920 328 11,248 |
|---|---|
No employee received enoulments above £60,000 during the current or preceding year. 1 member of staff (2024 - 1) is accruing retirement benefits under defined contribution schemes.
5) SUPPORT COSTS
| Support costs Insurance Light and heat Water Rent Repairs and maintenance Museum housekeeping Storage Computer costs Printing, postage and stationery Subscriptions Sundry Telephone Travel Consultancy and architect fees Accountancy Depreciation Support costs minus depreciation |
Unrestricted Restricted Total £ £ £ 1,503 1,503 4,284 4,284 362 362 309 309 189 2,580 2,769 - - - - - - - - 2,406 2,406 3,902 9,411 13,314 557 557 - - - - 1,320 1,320 20 46,670 46,690 14,852 58,661 73,513 14,832 11,991 26,824 |
|---|---|
Page 10
UTTOXETER HERITAGE TRUST
Notes to the Financial Statements
For the Year ended 31st March 2025
6) FIXED ASSETS
----- Start of picture text -----
Museum
Building Office Fixtures & Fixtures & Office
Project equipment Fittings TOTAL Fittings equipment Marquee TOTAL TOTAL
Restricted Restricted Restricted Restricted UnrestrictedUnrestricted Unrestricted Unrestricted
£ £ £ £ £ £ £ £ £
Cost
As at 1 April 2024 928,453 2,909 2,873 934,235 3,160 281 753 4,194 938,429
Additions - - - - - - - - -
- - - - - - - - -
Disposals
As at 31 March 2025 928,453 2,909 2,873 934,235 3,160 281 753 4,194 938,429
Depreciation
As at 1 April 2024 231,648 2,909 2,008 189,824 3,080 281 753 4,114 193,938
Charge for the year 46,454 - 216 46,670 20 - - 20 46,690
- - - - - - - - -
Disposals
As at 31 March 2025 278,102 2,909 2,224 283,235 3,100 281 753 4,134 287,369
Net Book Value
As at 31 March 2025 650,351 - 649 651,000 60 - - 60 651,059
As at 31 March 2024 696,805 - 865 697,669 80 - - 80 697,749
----- End of picture text -----*
- The charity has a lease for the property until 2040.
7) DEBTORS
| 7) DEBTORS Unrestricted funds Wages control 8) CREDITORS Unrestricted funds Trade creditors Accrued expenses Wages Control Restricted funds Trade creditors Total creditors 9) FUNDS Unrestricted funds Restricted funds |
2025 2024 £ £ 190 4,160 190 4,160 2025 2024 £ £ 3,765 3,765 1,320 1,200 247 5,332 4,965 - - - - 5,332 4,965 Transfer Funds used £ £ £ £ £ 25,965 33,512 - 30,252 29,224 703,669 11,991 - 58,661 656,999 729,634 45,503 - 88,913 686,223 Balance at 1 April 2024 Incoming funds Balance at 31 March 2025 |
|---|---|
Restricted funds are only to be used for the specific designated purpose. At 31 March 2025, the trust had a restricted fund mainly relating to the capitalised museum building project amounting to £650,351 (2024 - £696,805).
Page 11
UTTOXETER HERITAGE TRUST
Notes to the Financial Statements
For the Year ended 31st March 2025
| 10) ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed assets Current assets Current liabilities Net assets |
Unrestricted Restricted Total £ £ £ 60 651,000 651,059 25,086 6,000 31,086 (5,332) - (5,332) 19,814 657,000 676,814 2025 |
|---|---|
11) GOING CONCERN
At the date of approving these accounts, the trustees consider that the charity is a going concern.
The charity is showing significant increases in trade and has still been supported by government grants, which h allowed the charity to remain successful.
The future cash flow of the charity is constantly being monitored, leaving sufficient funds to keep the charity ru The trustees are confident at this point that the charity has adequate resources to continue as a going concern.
Page 12
UTTOXETER HERITAGE TRUST
Accountants Report to the Trustees of Uttoxeter Heritage Trust for the year ended 31 March 2025
Respective responsibilities of the Trustees
As described on page 3 you are responsible for the preparation of financial statements for the year ended 31 March 2025 set out on pages 4 to 7.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulful your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Wynniatt-Husey Limited Chartered Accountants The Old Bakehouse Dove Walk Uttoxeter Staffordshire ST14 8EH
Date: 22nd December 2025
Page 13