W￿0Mb•HAT￿la9*￿Art￿TrUrt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Wycombe Heritage and Arts Trust
Annual Report and Financial Statements
for the year ended 31 March 2025
Charity no. 1155456
Company no. 08783933

wye0m￿￿*￿l¢a1o&ArtS TYllIt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Index
PAGE
Legal and administrative details
Trustees report
Report of the Independent Examiner
12
Statement of Financial Activities
13
Bafance Sheet
14
Notes to the Financial Statements
15

wyeomb•H•YitQ9•lhArtITryit
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Wycombe Heritage and Arts Trust is a company limited by guarantee and is a registered charity
governed by its Memorandum and Articles of Association. For the purposes of charity law the trustees
are the directors of the charity and throughout this report are collectively referred to as 'trustees'.
LEGAL AND ADMINISTRATIVE DETAILS
Company registration number:
08783933
Charity registration number..
1155456
Registered office-
Wycombe Museum
The Greenway
High Wycombe
HP13 6PX
Trustee Board:
Stephen Mi115 (Chair and Company Secretary- resigned 22 May
2025}
Guy Foreman (Chair and Company Secretary- appointed 22 May
20251
Jenifer Baker OBE
Rosemary Brake (appointed 30 January 2025)
Fay Ewing
Lyndsey Feeney
Jim Foy (resigned 27 February 20251
Anthony Green
Poppy Lawrence Carr (appointed 30 January 2025)
Susan Leighs
Sarah Major
Stephen Milner {resigned 27 February 20251
Eleftheria Neep {appointed 3 April 20251
Jame5 Peters (appointed 3 April 20251
Bankers:
Metro Bank PL
Unit 81-113
2 Eden Walk
High Wycombe
HPII 2AW
Chartered Accountants-.
Calculo Tax Audit Ltd
The Threshing Barn, Manor Barns, Coates Lane
High Wycombe
HP13 SUX
Page I I

Wye•mb•MeTlt4y•&ArtITYurt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Trustees Report for the year to 31 March 2025
The trustees, who are also the directors of the Charity for the purposes of the Companies Act 2006,
present their Annual Report and Financial Statement for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 2 to the
accounts and comply with the Charity's governing document, the Companies Act 2006 and Accounting
and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 (effective l January 2016).
Objectives, Activities and Public Interest
The Charity's objects are:
to establish and maintain a museum and art gallery forthe benefit of the public
to advance education by the running of a Heritage and Arts Service
such other cha ritable purposes beneficial to the public consistent with the objects above as the
trustees acting reasona bly shall determine.
The Charity's objectives are to provide a well-managed and accessible collection that reflects the
material culture of communities across Wycombe district, in an enjoyable, friendly, safe and captivating
environment that actively encourages life-long learning for all, a nd to strengthen partnerships internally
and externally in order to promote the museum as a valuable resource for the community, visitors and
heritage specialists.
Our Mission:
Building pride in Wycombe by using our heritage to understand the stories of our
people and communities
Strategic Plan
During 2023, the Trustees and the staff of the museum developed a new set of strategic aims, as
statements of intent which support our Mission. These aims act as the foundations forTrustee decision-
making over a five year period, and will be regularly reviewed and assessed by the Board and
management. The aims are built around two pillars- Engaging OurAudience5 and Collections and
Curatorship, and are supported by four further supporting aims. Below is a summary of each aim.
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w￿•￿￿•11•T1l￿g•4ArtlTTurt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
2 CORE AIMS TO SUPPORTOUR MISSION:
Bullding prlde In Wycombe by using our heritage to understand the
storles oAourpeople and communltles
Engaging Our
Audlences
Collections and
Curatorship
Underpinned by 4
supporting aims:
Robust and
effectlve
GOVERNANCE
Sustslnable
and stable
FINANCES
Efficient &
strateglc
OPERATIONS
Clearand
enga8lng
COMMS
Engaging OurAudiences
Reflecting Wycombe's diverse people stories: we will understand and reflect the wide cultural
and socio-economic diversity of Wycombe's people and communities in our activities and
engagement- strengthening community cohesion, placemaking and wellbeing
Putting our collection at the heart of our engagement: we will interpret our collection through
multiple modes of engagement including exhibitions, talks, workshops, schools and family
engagement, online, and in replying to enquiries.
Becoming a valued cultural partner.. we will build strong, mutually beneficial, collaborative
partnerships with relevant local organisations that embed us more deeply within Wycombe's
cultural and social networks
Collertions and Curatorship
A well-managed, accessible and relevant collection: our collection will be well cared for and
managed to the museum accreditation standard. We will ensure that this collection is
accessible, valued by and interpreted in way5 which have relevant connections for our
audiences
A focus on Wycombe's chair and furniture making heritage: we will be especially known for our
stories surrounding the people and communities of the chair and furniture-making industry of
Wycombe and the wider Chilterns & Thames Valley
To accomplish our two Strategic Aims successfully, it is imperative that the museum operates in a
sustainable and stable manner. Consequently, we have identified four essential supporting aim5 that
must be effectively implemented to fulfil our mission:
Page | 3

w￿orAb•>I•Y1t4y•￿Art51y¥rt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Governance
We will have effective governance and leadership structures which are regularly reviewed, alongside
collaborative culture which uses Trustee expertise to support staff, fostering strong relationships within
the organisation.
Financial Sustainability
We will secure long-term financia I sta bility, including a suitable long-term core funding agreement with
Buckinghamshire Council and active diversification of our income streams- supported by accurate,
insightful and timely financial reporting.
Operations
We will create safe, welcoming, and well-designed spaces for our audiences to experience, while
considering environmental sustainability in all our activities.
Communications
Our diverse audiences will be aware of the museum and understand who we are and what we offer on-
site, off-site, and online. They will be actively engaged with our institution, fostering a sense of
connection a nd participation in its Mission.
Achievements and Performance
Wycombe Museum continued its commitment to local people, our communities and providing
accessible and meaningful opportunities to engage with local heritage and culture during 2024-5.
Partnerships with varied organisations remain crucial to delivering a wide-ranging programme and
reaching diverse audiences. The trustees would like to thank all the organisations that have supported
the Trust during the year.
During the financial year, the museum has welcomed over 50,000 visitors and estimates a total off-site
engagement (through website visits, talks and other partnership engagement) of over 100,000.
Exhibitions: Exhibitions are our opportunity to showcase more of our collection5, create local
partnerships to tell local stories and uncover new fascinating histories from the area.
During spring/summer 2024, our permanent Chair galleries were refurbished, to improve the visitor
experience and ma ke the display of our nationally significant collection more inclusive for our
audiences. The updated spaces include putting people's stories back into the galleries, creating a 'Chair
th
Lab, offering visitors the chance to be a 'chair expert, and reopening our 20 and 21, Century gallery.
For more detail see Funded Projects, below.
Major exhibitions were:
The Art of the Chair126th March 2024- 2nd February 2025)
This exhibition explored the art, design and marketing of chairs, from Victorian traveling
salesmen's artwork and miniature chairs, to slick 1970s adverts and gave our audiences the
chance to discover the designs that made Wycombe chairs known around the world. Produced
in partnership with Chalk, Cherries and Chairs as part of our Chair Festival.
Page14

wyeomb• H•titag•*Art*TYUrt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
A Walk Round Wycombe Through Time Illth February 2025- 1st March 2026)
An exhibition strolling through 150 years of Wycombe's history. In partnership with Sharing
Wycombe's Old Photos {SWOPI, and local historian Mark Page,
this photographic exhibition revealed how the streets and open spaces of High Wycombe have
changed through time. Audiences could see historic photographs- some within living memory
and some beyond- and compare them with modern views of the town they know today.
Community exhibitions this year have featured:
John Hampden - an exhibition telling the story of local landowner and Member of Parliament.
He opposed King Charles I, fought in the Civil Wars, and died for his cause. In partnership with
the John Hampden Society and Battlefields Trust, featuring 17th century armour and weaponry
on loan.
High Wycombe Choral Society - an exhibition exploring and celebrating the history of this local
th
choir, as it celebrated its 90 Anniversary in 2024.
Partnerships and Funded Projects: As a local museum, our partnerships allow us to connect better with
local people and co-create projects, exhibitions and events for our communities.
Chalk, Cherries and Choirs.. the museum has continued to work closely with Chalk, Cherries and
Chairs {CCCI, a 5- year Landscape Partnership Scheme funded primarily by the National Lottery
Heritage Fund, which finished delivery in September 2024. Wycombe Museum successfully bid
to lead the Chair Festival, the final part of collaborative work for the project. Activities funded
included:
o Art of the Chuir Temporary Exhibition (April 2024)- As above
o Chair Festival (July 2024) The Chilterns Chairs Festival saw us deliver 28 public events in
collaboration with 17 local partners18 of which were new partnerships for us and CCC}.
Highlights included sell-out tours of Ercol and William Ha nds, talks by local expert5, local
art made by local people at Wycombe Arts Centre, pole lathe demonstrations at
Chiltern Open Air Museum, seated dance for those with mobility issues at Wycombe
Swan and a Family Fun Day at Wycombe Museum. We were finalists in the Bucks
Sparks Awards for the Best Cultural Collaboration for the Chiltern Chairs Festival.
o Redeveloped Galleries (Summer 2024) Our gallery redevelopment aimed to achieve
several things-putting people's stories into the galleries, renewing our 20 Century
land beyond) gallery and supporting our visitors to learn how to look at chairs to
understand how they are made. Our curator drew on audience research from the last
decade in understanding where audiences need support in connecting with collections
and has worked c105ely with local specialists and Bucks New University to make our
galleries engaging and accessible. As part of this work, we have introduced, Chair Lab.
an interactive gallery intended to allow visitors to develop the cultural capital to be able
to 'read' a chair. We also feature the Chair of the Future, a rotating display including
outputs from the new BNU Chair design course.
o Here, There and Everywhere Town Trail (Summer 2024) We launched our'Here, Chair
and Everywhere, Trail which expands the story of chair-making into the centre of High
Wycombe and gives everyone the opportunity to imagine the town how it used to be
Page | 5

Wyeomb•HeTltag•&ArtXTNrt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
when the chair industry dominated the local landscape. The trail is available as a paper
version or online and there are four new permanent interpretation panels in town
adding to the story.
Chalk, Cherries and Chairs, The Next Generation." The underspend from the above project is to
be used in 2025126 to focus on excluded groups from the main project, with a particular focus
on young people. Workshops started in early 2025 to plan deliveryfor the summer. We are
looking to a future landscape project which will continue to bring heritage, landscape and
environment work together, once the main Chalk, Cherries and Chairs project comes to an end.
Opportunity Bucks.. We continued to work closely with this local project during the year. The
museum is one of the few greenspaces located in Terriers and Amersham Hill, one of the 10
wards in Buckinghamshire, where people are experiencing the most hardship. The museum
partnered with Opportunity Bucks, to look at how we can support local people to engage and
spend time in ourgreen space. As part of this the museum hosted a community day event and
employability training on-site.
Supporters Scheme.. We re-launched our supporters scheme. As a free museum we want to
embrace our identity as a community organisation and this is a step in building a close
supporters group and on-going support from individuals.
Chair Network.. We are part of the new Wycombe Furniture Forum to look at the future of chair
making in the local area, with a view to exploring regeneration, young people and enterprise.
Local Railwoy Network.. We have been part of a working group focussed on improving the area
around the railway station. Chiltern Rangers and Buckinghamshire New University "adopted"
the station which now features new artwork signposting local nature and chair making, and
directs visitors to the Wluseum. Other nearby locations, including the footbridge to Priory
Avenue, will be updated with new artwork highlighting local heritage and culture, including
signposts to the Museum.
Other partnerships: We are developing our relationship with other local organisations
particularly Buckinghamshire New University in relation to their relaunched Chair Course. We
continue to work with local communities to host them at the museum, hold specific events and
ensure our museum is accessible to all. This year this included Wycombe Refugee Forum,
Wycombe Multicultural Organisation and Dosti Ladies.
Collections:
The collections at Wycombe Museum are at the heart of everything we do and our goal is to make them
more accessible for all. During the financial yea r, our collection activity included the following highlights:
Chair Discovery Centre: We have continued to work hard on the plans to move our stored
collections from poor environmental conditions to a newly built open store so that more people
can see our remarkable chair collection. With funding from Heart of Bucks, all items have now
been moved into temporary storage for drying while a new store is being built. The Trust is
working in partnership with Buckinghamshire County Council to ensure that the final storage
facility is fit for purpose, and we are grateful for this assistance and partnership through this
project.
Pagel 6

Wy¢•mb•Hvrf¢a¥•&ArtsTTUrt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Rationalisation project: As part of our stores move we have been undertaking a rationalisation
project, funded by Museum Developmentsouth East, to review our collections as we move it
and rationalise objects which a re duplicates, irretrievably damaged or irrelevant to our
collection. Guided by the Museum Code of Ethics, we have completed our initial review of
items, and worked through the first Stage of disposal of items in order to focus our resources on
ca ring for collections which are meaningful and tell our local stories, as per our Collections
Development Plan.
Acquisitions: During our rationalisation and store move we have a collecting moratorium.
Enquiries: We received a total of 55 enquiries during the year. These ranged from researchers
wanting to know more about G-Plan researcher Victor Brammel Wilkins, to requests from
schools about their history including Hatters Lane and Hamilton Academy.
Learning Programme:
We were successful in welcoming over 1,000 school children to the museum for learning
sessions, of which 25Yo came from our local priority wards. Our Explorel sessions for home
educated children continued to be popular and Serve a different segment of the local youth
population.
Informal learning sessions throughout the year included our toddlers, Tiny Talk Time and Forest
School. Discover and Make, featuring stories and craft sessions for Primary-aged children; and
days out for the whole family.
Events:
More than 3,300 people took part in our events proEramme, which included 36 workshops for
2-5-year-olds, 31 workshops for 4-12-year-old children, 12 adult workshops, 6 family days and
20 other adult events. About 20% of our event visitors were from priority wards.
The museum aims to deliver a range of engaging and enjoyable sessions. Some highlights
include:
o Our signature Discover and Make events for primary-aged children which include a trail
to investigate our collections and an associated craft event. H ighlights this year included
stained glass activities, tiny bodgers huts, and a Roman event. In partnership with Ercol,
we were delighted to offer free tours of their local factory
o A Chair Festival Family Fun Day including try-it-yourself bodging and chair caning
The museum hosted a variety of performances within its grounds, including:
o Shakespeare performances by Unbound, an award-winning Story telling company.
o A contempora ry dance performance by sign Dance Collective, 'Seated Stories..
Chairmaking History Through Donce,
Seasonal events.. At our Christmas craft fayre we welcomed local crafters back to sell their
amazing creations and hosted a Santas Grotto in partnership with Wycombe Food Hub.
Pagel 7

WyeombeH*TItAg•&ATtsYYUSt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Wycombe Museum Team
These Successes could not have been achieved without the hard work and efforts of the team of staff
and volunteers, and the trustees thank and congratulate them all for their stalwart support and
enthusiasm which has made it possible for the Trust to survive and thrive.
During 2024, our volunteer team won the Proud of Bucks award within the Outstanding Group
Category. These awards celebrate Buckinghamshire's communities that have demonstrated care,
creativity and commitment towards their local areas. The Trustees are delighted and proud that the
Museum volunteer team were recognised in this category which celebrates voluntary groups making
positive impacts for this loca I spaces.
Financial Review
The principal source of income for the Trust remains the grant from Buckinghamshire Council, along
with the grant of the lease for the Castle Hill site. During 2024125, the Trust received £125k12023/24
£150k).
Grant income rose from £48k in 2023/24 to £71k in 2024/25, with the majority of the grants restricted
for specific purposes. The Trust worked with a number of partners to deliver a range of events and
exhibitions, continuing to receive the majority of grant funding through restricted fund5. In particular
the museum continued to work closely with Chalk, Cherries and Chairs- a Chilterns Landscape
Partnership, which celebrates the Chilterns landscapes.
Trading income dropped to £45k (2023/24 £55kl-
The Trust generated a deficit of £24k over the year12023/24 surplus of £lk}, showing the impact of the
reduction in the grant awarded from the Buckinghamshire County Council. The unrestricted deficit for
the year was £23k, bringing unrestricted funds to £88k at 31 March 2025, while restricted funds stood
at £llk. Total funds at the year-end stood at £98k {2023/24'£121k}.
The Future
This has been a great year for Wycombe Museum - cementing new partnerships post-COVID, finding it5
place within the local area and working closely with local communities. The focu5 for the coming year
remains delivering the goals of the Strategic Plan, in order to continue to deliver our Mission. Our main
area of work for 2025/26 will be on the chair collection, both in terms of progressing the store5 move to
make more of our chairs accessible and through our Chair Festival- building exhibitions, partnerships
and events all about chairs. We will also continue to work out strategic plan to ensure that the Trust and
the museum is financial sustainable into the future.
Our annual grant from Buckinghamshire Council was reduced to a £125k p.a. level from 2024125 and we
have agreed another year 2026-27 at this level. Buckinghamshire Council ha5 committed to a longer-
term partnership with the museum and the Trust's Board remains grateful to the Council for their
ongoing support. Work continues to implement the 5-year business plan to maximise income streams
and become financially susta inable in the long term, given the drop in the Council grant.
Page18

Wycorn￿ H•TLtog•AArtsThirt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
A key success in delivering the 5-year business plan will be securing both core a nd specific funding from
other funders, in order to invest in the future sustainability of the museum. While this funding was not
secured during 2024/25, as hoped for on the original time line, the trustees are delighted that the
museum was successful in securing two grant fund bids in early 2025/26. A grant of £105k has been
awarded from the Rothschild Foundation, to be spent over the next three years, alongside an award of
£106k from the Arts Council Museum Renewal Fund, to be used in 2025/26. These two grants, plus
other smaller grants, will be deployed both to bolster unrestricted income and reserves levels, but also
to deepen engagement with local audiences, invest in raising our profile, and continue to develop our
commercial income streams. The trustees would like to thank the hard work of our staff team,
particularly our Museum Director, Roz Currie, that went towards the success outcome of these bids.
Public benefit
The trustees confirm that they have complied with their duty in section 17 of the Charities Act 2011 to
have due regard to the public benefit guide published by the Charity Commission in delivering the
activities undertaken by the charity.
The trustees continue to keep in mind the Charity Commission'5 guidance on public benefit, and look
to provide a variety of events and activitie5 at the museum, to encourage visitors to explore the
museum and grounds and beyond. Alongside this, the museum runs an education programme to
engage local schools with Wycombe history, and provides an outlet for learning through volunteering,
plus the benefits associated with volunteering in genera l.
Reserves Policy
It is the policy of the Wycombe Heritage and Arts Trust that unrestricted funds which have not been
designated for a specific use should be maintained at a level equivalent to between three and six
months unrestricted expenditure. This equates to reserves levels being between £50k to £IOOk. Free
reserve levels (unrestricted funds less fixed assets) stand at £81k at the end of 31 March 2025, and are
therefore within the reserve policy.
The trustees consider that reserves at this level will ensure that, in the event of a significant drop in
funding, they will be a ble to continue the current activities while consideration is given to ways in which
additional funds may be raised. As above, two grant awards have been secured in early 25/26, which
will increase unrestricted fund levels further.
Risks and uncertainties
The trustees have evaluated the major risks to which the Trust is exposed and these are considered to
be related to financial uncertainty.
Current year solvency
The current year results have depleted the Trust's free reserves levels, now standing at £81k, however
these are still sufficient to ensure the museum can continue to deliver the Trust's objectives into the
coming year.
Page 19

Wy¢•mb•HevlEqg•&ArtsYYust
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Actual results are monitored against current forecast on a monthly basis as part of the management
accounting reporting process to ensure any negative variances are measured and appropriate remedial
actions implemented.
Medium-term solvency
Buckinghamshire Council has extended the funding arrangement, with funding levels agreed up until
March 2027, while Buckinghamshire Council has committed to a longer-term partnership with the
museum.
Structure, Governance & Management
Wycombe Heritage and Arts Trust is a company limited by guarantee, incorporated on 20 November
2013 and was registered in England and Wales on 24 January 2014. In the event of the company being
wound up, trustees are each required to contribute an amount not exceeding £10.
Recruitment and Appointment of Board of Directors
The directors are also trustees of the charity. They are appointed for a four-year term and may be
reappointed. There is a maximum of 11 trustees.
Since the Trust'5 creation all new trustees have been appointed by the Board following advertisement,
application and an open recruitment process.
Statement of tru5tees' responsibilities
The trustees, who are also the directors of Wycombe Heritage and Arts Trust for the purpose of
company law, are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give
true and fair view of the state of affairs of the Trust and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
obseNe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the
Trust will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the Trust and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Page | 10

Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Calculo Tax Audit Limited of The Threshing Barn, Manor Barns, Coates Lane, High Wycombe,
Buckinghamshire, HP13 SUX were appointed as the Trust's accountants.
The Trustees, report was approved by the Board of Trustees on 13 November 2025.
Guy Foreman Chair
Page | 11

wyeoMb• M•Titag•&Art£Thixt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Independent Examiners Report
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March
2025 which are set out on pages 10 to 20.
Responsibilities and basis of report
As the charity trustees of the Company (who are also the directors of the company for the purposes of
charity lawl, you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006 ("the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year
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 Act"). In carrying out my examination, I have followed the Directions given by the Charity
Commission {under section 14515llbl of the 2011 Act.
Independent examiner's statement
l am qualified to undertake the examination by being a qualified member of the Association of
Chartered Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any material respect:
accounting records were not kept in accordance with section 386 of the Companies Act 2006:
or
the accounts do not accord with the such records: or
the accounts do not comply with relevant accounting requirements under section 396 of the
Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view
which is not a matterconsidered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP IFRS102}.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in orderto enable a proper understanding of the accounts to be reached.
xli.I12T
Jonathan Walton BFP FCA
Chartered Accountant
Ca Iculo Tax Audit Limited
The Threshing Barn, Manor Barns. Coates Lane, High Wycombe, Buckinghamshire, HP13 SUX
Date
Page | 12

Wytorn￿ HtTitdg*&ArtITWrt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Statement of Financial Activities
For the year ended 31 March 2025
Unrestricted Restricted
funds
funds
Total
2025
Total
2024
Note
Income
Donations and grants
Donations and grants
Buckinghamshire Council grant
5,543
125,000
65,135
70,678
125,000
48,068
150,000
Incomefrom charitable activities
Operation as a museum
Learning activities
122
4,360
122
4,360
1,072
4,525
Income from other trading activities
Ancillary trading activities
Friends membership
44,958
472
44,958
472
54,638
576
Total Income
180,455
65,135
245,590
258,879
Expenditure
Raisingfunds
Ancillary trading activities
37,672
37,672
39,109
Expenditure on charitable activities
Operation as a museum
165,360
66,072
231,432
218,914
203,032
66,072
269.104
258,023
Net income / (outgoingsj
{22,577)
{937)
(23,514)
856
Transfers between funds
Net movement in funds
{22,577)
(937)
(23,514)
856
Total funds brought forward
110,302
10,997
121,299
120,443
Total funds carried forward
87,725
10,060
97,785
121,299
Page113

Wye•mb•H•Yitag•&Art*TnL*t
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Balance Sheet
As at 31 March 2025
Note
2025
2024
Fixed assets
Tangible assets
6,205
12,641
Current assets
Stocks
Debtors
Cash at bank and in hand
3,459
8,527
83,858
95,844
4,119
10,197
100,066
114,382
Liabilities
Creditors: amounts falling due within one year
Net current assets
(4.264)
91,580
{5,7241
108,658
Total net assets
97,785
121,299
The funds of the charity
Restricted funds
Unrestricted funds
Designated funds
io
li
10,060
87,725
10,997
110,302
12
97,785
121,299
The company is entitled to the exemption from the audit requirement contained in section 477 of
Companies Act 2006 for the year ended 31 March 2025. No member of the company has deposited
notice, pursuant to section 476, requiring an audit of these accounts.
The trustees are responsible for ensuring that the charity keeps accounting records which coJriply with
section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs
of the company as at the end of the financial year. They are also responsible for its incoming resources
and the application of these resources, including its income and expenditure, for the financial year in
accordance with the requirements of sections 394 and 395, and which otherwise comply with the
requirement of the Companies Act 2006 relating to the accounts, so far as applicable to the company.
The accounts have been prepared in accordance with the provisions applicable to companies subject to
the small companies regime.
These accounts we approved by the Trustees on 13 November 2025 and signed on their behalf,.
Guy Foreman, C
ir
Page | 14

Wye•mbeH4ritog•&ArtsTTUS¢
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Notes to the financial statements
Charitable company information
Wycombe Heritage and Arts Trust is a private company limited by guarantee incorporated in
England and Wales. The registered office is Wycombe Museum, The Greenway, High
Wycombe, HP13 6PX.
Accounting convention
These accounts have been prepared in accordance with Financial Reporting Standard 102-
he Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland,
{'FRS 102,), and with the Companies Act 2006, the Charities Act 2011 and follows the
Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and the Republic of
Ireland (the 'Charities SORP')- The Trust is a Public Benefit Entity as defined by FRS 102.
The accounts have been prepared on the historical basis except for the modification to a fair
value basis for certain financial instruments as specified in the accounting policies below.
2.1 Going concern
The Trust has agreed a sustainable budget for the next 12 months.
The Trust has determined that it ha5 adequate resources to continue in operational existence
for the foreseeable future. Thus the trustees continue to'adopt the going concern basis of
accounting in preparing its accounts.
2.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives unless the funds have been designated for other purpose5. Restricted
funds are subject to specific conditions by donors as to how they must be used. The purposes
and uses of restricted funds are set out in the notes to the accounts.
2.3 Income
Income is recognised when the Trust is legally entitled to it after any performance condition5
have been met, the amounts can be measured reliably, and it 15 probable that the income will
be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has
been notified of the donation, unless performance conditions require deferral of the amount.
Donations under Gift Aid together with the associated income tax recoveries are credited as
income when the donations are received.
Legacies are recognised on receipt or othenNiSe if the Trust has been notified of an impending
distribution, the amount is known, and the receipt is expected. If the amount is not known,
the legacy is treated as a contingent asset.
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Wyconth Horitago&ArtITTWt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Turnover is measured at the fair value of the consideration received or receivable and
represents amounts receivable for goods and services provided in the normal course of
business, net of discounts.
2.4 Expenditure
Liabilities and related expenditure are recognised in full in the accounts as soon as an
obligation arises. Costs of generating funds comprise the costs associated with attracting
voluntary income and the costs of trading for fundraising purposes. Resources expended are
included in the statement of financial activities on the accruals basis inclusive of any VAT
which cannot be reclaimed.
2.5 Tangible assets
Tangible fixed assets are measured at cost less accumulated depreciation and any
accumulated impairment losses. Assets are capita lised where their value is greater than
£1,000.
Depreciation is recognised so as to write off the cost or valuation of assets less their
resid ual va lues over their useful lives on the following bases:
Office equipment
Plant and machinery
Museum and garden equipment
Website
20% on cost
25Yo on cost
20% on cost
20Yo on cost
2.6 Impairment of fixed assets
At each reporting date fixed assets are reviewed to determine whether there is any indication
that those assets have suffered an impairment loss. If there is an indication of possible
impairment, the recoverable amount of any affected asset is estimated and compared with its
carrying amount. If the estimated recoverable amount is lower, the carrying amount is
reduced to its estimated recoverable amount, and an impairment loss is recognised
immediately in income or expenditure.
If an impairment subsequently reverses, the carrying.amount of the asset is increased to
the revised estimate of the recoverable amount, but not in excess of the amount that
would have been determined had no impairment105s been recognised for the asset in
prior years. A reversal of an impairment loss is recognised immediately in income or
expenditure.
2.7 Stocks
Stocks are valued at the lower of cost and estimated selling price les5 COSt5 to sell, after
making due allowance for obsolete and slow-moving items.
2.8 Debtors
Short term debtors are measured at transaction price after any trade discount offered, le5S
any impairment.
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Wywrnb¢H¢ritqg¢&ATtsTTWt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
2.10 Creditor5
Short term trade creditors are measured at transaction price. Other financial liabilities,
including bank loans, are measured initially at fair value, net of tra nsaction costs, and are
measured subsequently at amortised cost using the effective interest method.
2.11 Deferred income
Deferred income relates to the grant from Buckinghamshire Council which is received shortly
ahead of the period it relates to.
2.12 Financial instruments
The Trust only has financia l assets and financial liabilities of a kind that q ualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value.
Critical accounting estimate5 and judgements
In the application of the Trust's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant. Actual
re5uIt5 may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period ofthe revision and future periods where the
revision affects both current and future periods
Trustees
None of the trustees lor any persons connected with them) received any remuneration or
benefits form the Trust during the year.
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Wye•mbtHeritts9t&ArtIYYust
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Analysis of expenditure
Ancilla ry trading Operation as
activities
a museum
2025
Total
Unrestricted funds
Direct costs
ort costs
Professional fees
Staff costs
Office costs
Premises costs
Utilities
Publicity and marketing
Insurance
Other costs
12,526
3,275
15,801
1,890
21,363
373
934
17,007
105,881
7,090
17,747
7,515
371
5,673
801
18,897
127,244
7,463
18,681
7,515
619
5,972
840
248
299
39
37,672
165,360
203,032
Restricted funds
Direct costs
staff costs
2025 Totals
37,998
28,074
231,432
31,749
28,074
265,611
37,672
Ancillary Operation as
trading activities
a museum
2024
Total
Unrestricted funds
Direct costs
Su
ort costs
Professional fees
Staff costs
Office costs
Premi5e5 Costs
Utilities
Publicity and marketing
Insurance
Other costs
11,975
, 3,26.6
15,241
1,624
23,410
386
844
14,616.
108,089
7,335
16,040
18,546
847
5,037
981
16.240
131,499
7,721
16,884
18,546
1,412
5,302
1,021
213,866
565
265
40
39,109
174,757
Restricted funds
Direct costs
Staff costs
2024 Totals
16,083
28,074
218,914
16,083
28,074
258,023
39,109
Ancillary trading activities represent events and activities, along with retail a nd catering
services, that are undertaken to: further the offer; attract visitors- and, provide a valuable
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Wy£•mbo HorltAg¢&AvtsTTUSt
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
resource for the local community. Whilst these costs can be attributed to these activities,
they are also a crucial element for the operation of the museum and art gallery.
Employees
The average monthly number of employees during the year was:
2025
2024
Average monthly number
Full-time equivalent
Tangible fixed assets
Office
Plant &
equipment machinery
Museum
equipment
Website
Total
Cost
At l April 2024
Additions
At 31 March 2025
12,287
11,748
6,968
9,802
40,805
12,287
11,748
6,968
9,802
40,805
Depreciation
At l April 2024
Provided in year
At 31 March 2025
10,345
862
7,492
2,220
9,712
4,414
1,394
5,808
5,913
1,960
7,873
28,164
6,436
34,600
11,207
Net book value
at 31 March 2025
1,080
2,036
1,160
1,929
6,205
Net book value
at 31 March 2024
1.942
4,256
2,554
3,889
12,641
Debtors
2025
2024
Prepayments and accrued income
Other debtors
2,547
5,980
8,527
10,197
10,197
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Wy(grn￿ H*rttag*&llrtSTrn*t
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Creditors.. amounts falling due within one year
2025
2024
Trade creditors
Accruals
Deferred income
2,615
1,649
4,264
2,118
3,606
5,724
io
Restricted funds
Opening
funds
01104124
Closing
funds
31103125
Income
Expenses
Transfers
Red Lion fund
Chalk, Cherries and Chairs
Storage project
Heart of Bucks- learning
Rationalisation Grant
RFS Grant
Other funding
325
5,192
4,580
325
48,652
153,8441
(4,580)
{4551
12,800}
13,4931
1900)
{66,072)
9,990
3,000
3,493
9.535
200
900
10,997
65,135
10,060
Red Lion Fund
Funds received for the ongoing maintenance of the Red Lion in Wycombe town centre
Chalk Cherries and Chairs
Funds received from Chalk, Cherries and Chairs, a Chilterns Landscape Partnership, which
celebrates the Chilterns landscapes. Project5 funded during the year include The Art of the
Chair exhibition- exploring the art, design and marketing of chairs; redevelopment of our
Permanent Chair Galleries and our remarkable summer 2024 Chair Festival.
Storage Project
Funding provided by the Heart of Bucks Community Foundation to support the museum in its
ongoing work to secure suitable and adequate storage for the collection.
Heart of Bucks- Learning Project
Funding provided by the Heart of Bucks Community Fund to review our learning handling
collections and sessions for both the formal and informal learning programme.
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Wycomb*HeTitts9c&Art*TYUit
Wycombe Heritage and Arts Trust
Year ended 31 March 2025
Rationali5ation
Funding from Museum Development South East to review to review our collections as we
move it and rationalise objects which are duplicates, irretrievably damaged or irrelevant to
our collection.
RFS Grant
Funding from the Regional Furniture Society to support our development of the Chair
Discovery Centre, including conservation equipment, staff time and funding for interpretation
Other funding
This reflects various smaller amounts of restricted funds, all under £1,000.
12 Analysis of net assets between funds
Tangible
fixed assets
Current
liabilities
Current assets
Total
Unrestricted funds
Restricted funds
6,205
85,784
10,060
95.844
14,2641
87,725
10,060
97,785
2025 total fund5
6,205
14,264)
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