Charlty number: 1156458 JANE AUSTEN'S HOUSE Jane Austen's House Museum Trustees, annual report and Consolidated financlal statements Forthe yearended 31 December 2024 Compass Accountants Venture House The Tannerles East Street Titchfield Hampshlre P0144AR
JANE AUSTEN'S HOUSE MUSEUM Contents Page Legal and admlnlstrative information Trustee5' annual report Staterllent of Trustees, re5PDnslbilities Auditorfs report lo the Trustee5 8-10 Consolidated Statement of flnancial activitie5 li Consolidated Balance sheet 12 Charity Balance sheet 13 Consolidated Cash flow statement 14 Note5 to the fln8ncial statement5 15-23
JANE AUSTEN'S HOUSE MUSEUM LeBal and admlnlstratlve Informatlon Charlty number 1156458 Principal address Jane Au5ten's Hovse Winchester Road a)aWEon Alton Hampshlre GU34 ISD Tiustees Louisa Price (Chair appointed 4.12.241 Isabel HuEhes Ichalr iesSgned 4.12.241 Rebeccè Barden (resigned 19.6.241 Keith Plarrison Geollrey Marsh Isabella Mead Annabel Partridge Elizabeth Stott Ayesha Wal3walkar Ire5igned 24.4.241 Anne YtsunE Dlrector Lizzie Dunford Auditor5 & Accountants Compass Accounlants Limited Venture House The TannErses East Street Titchfteld Hampshire P014 4AR Bankers CAF Bank Limited 25 Kings Hill Avenue West MallinE Kent ME19 4JQ National Westminster Bank PIC 105 High Street Winchester Hatnp5hire S023 9AH Page I
JANE AUSTEN'S HOUSE MUSEUM Report of the trustees for the year ended 31" Decèmber 2024 The Trustees present their repoTt 3nd the Ilnanclal statements lor the year ended 315t Decembei 2024. The Trustee5 who served during the yeèr and up to the date ol this report are set page l. The Trustee5 have had due gard to the guidance Èssued by the Charity Commission on Public Benefit. Structurei governance and management The Charity 15 a Foundation Charltable Incorporated Organisation ICIOI and 15 goverTred by it5 Con5titulion. ThÈ CIO was registered with the ChaiSty Commission on 31" March 2014 and wa5 dormant fiom thi5 date until ill July 2014 when it took over the actlvitles ol th@Jane Austen Memorial Trust. This tfansler w3s 3uthori5pd by a 5ectlon 105 Order Issued by the Charity Commission lor England and WalE5, The Charity 15 not affilÉated to any other Charity. Trustee Induction and Traini There is no formal Induction and training for Tru5teES. However the existing Trustees inform a potential trustee about tlie charity'5 mission before any aPPDitttrnent with a vtew to the potential Trustee helping to achieve the sei goals and objecttves ol the charity. Five Tru5tee5' meetings are held in 3 year at which the Trustee5 can ralse and dlscuss relevant Issue5. anisatioThal Structure The Trustee5, who Theet reBularSy throughout the year, are Yesponsible lor the overall directlon of rhe charlty. Trustees are appolnted for an init181 term of three year5, any v3cancie5 being lille(I by the sÈlELIIuTi aiid appoinlment of 5Ultable perstsns by the Truste&5. Day to day operations arE overseen by the Director, who leads a team ol paid staff and volunteers, lsk Mana ement The Trustees continuously seek to identlfy 01 review major risks to which the tlaritY may be exposed on an ongoing basis, documentin8 them a5 appropri6te in ihe Risk Reg£st@r. Once identified, systems and procedure5 for monltorln8 and mitigating risk5 are put into placE. ThE Risk Register is rl@we formally and approved by Tru5tee5 annually. Obleetives and actlvltles JaDe Au5ten'5 House Is a Charitable IncoTporated Organisation ICIOI established to advance edvcation alld the study of English liter8ture and specifically to advance the works of Jane Austen. These objective5 are achieved by rnallaging thÈ DpÈn¢nB ol the house in Chawton, HaTnpshlre where Jane Austen lived from 1809 to shortly before her death in 1817 as a museum dedi£ated to her life and writin£ and by promotions at spe£lfic events relating to her work5. There have been no changes in the policies adopted to achieve the charity's oblectives. The CIO'S principal activities durin8 the period were those of the ktpkeep and rnaintenance of Jane Au5ten'5 House, making il accessible to the public and to Inform aboui her life and work in furtherance of the educational oblectlve. The Trustees gratef11¥ acknowledge the work of the volunteer iota *n hdping to ¥un the Museum. Achlevements and performance Overvlew 2024 was a year of celebiation, consolidation and preparation for Jane Austen's Mouse. It marked the 75 annlversary of the museum openin8 to the public 1949 and saw the completion of the roof restoration project begun in 2021, as well as the installation of a new permanent e%hlbStion celebratiagjane Austen's Art ol WTltinR, ThrouEhout the year, the stall and tru5tee5 were also hard at work planning the pcoMing year of celebration5 to mBrk the 250 atlniversary of Jane AusteTh'5 In 2025. 2024 also marked a return to pre-covld visitOT flgure5, and saw the museum run at an operating surplu5 for the thlrd successive year, although the cost ol the roof restoration SBW an overall reduttion n funds. Page 2
JANE AUSTEN'S HOUSE MUSEUM Report of the trustees for the year ended 31" December 2024 Our Impact and EngageTr)ent Visitors lo Jane Austen's House.. Ir¥ 2024 Jane A115ten's Hoiise welcomed 39,123 regularvi51tor5,' a 4Y¢ increase on 2023 vlsltor numbers, and a return to pre-covid visitor fi8ure512019.. 38.9821. Of these vlsltors. 14% came from within Hampshire, 58% from within the UK, but outside Hampshire. and 28% carne from outslde the UK. The gross econtsmic Impac¢ ofjane Austen's House in 2024 was £1.260.340 Isource.. AIM £coTrornic Impact Toolkitl. Formal learning- The investment made in the House's formal leart>ing pro8ramme. SUPPOFted by a Reimagine Grant from the Art Fund resulted in a significant increase in formal learning intera£tion5. With nearly 1.000 workshops and formal educaiion interactions from a wide-range ol learning providers. and across prmary. secomdary and tertiary education. This (S 8 17ffA increase on 2023. and double pre-pandemic level5. Informal Learning= The House continued to offer a diverse range Of informal learnlng and en8agement opportunities, from online events and Social media reels. to onsite workshops and tours. Onsite and online events welcomed 1,379 attendees, wlth online events continuing to be veTy popular. especially the annuèl Virtual Jane Austen &irthday Party and monthly virtual book clubs. The virtu31 tour ol the House. first launched Fn 2020 and funded by grants frotn the Art Fund and South Downs National Park continue5 to be well used. with 5,700 actlve users over the year la 17Yo illcfease on 20231. The House saw a 40% increase in social media followers across 2024. ending the year wilh a total o1195.7k followers across Instagram. Facebook. TikTok, Twitter 8nd Threads. Through these platforms. the organisation reached a total of 3,381,500 people and had direct engagefflent wéth 553.000 user5. One of the highlights of 2024 was the FTancls Austen Manuscript Tran5CliPtion project. In April 2024, to tnark the 250 birtliday of Jane Austen'5 brother Admiral Sir Franci5 Austen. we asked lor help to lead anLI transcribe the holograph biography of his life that we acquired in 2023. Over 2,000 people responded1n the first 24 hours, and after many Months of work receiving. collating and checklng the transcriptions, the lull manuscript will be published for the first time in April 2025. Collections and Curation Exhibitions and displays.. 2024 saw the realisatlon of several exhibition5 that had been planned for several year5. The highlight of the year was the opening ol the new permanent exhibition 'Jane Austen and the Art of Writingi which centres and (elebrates Austen's unique creative genius within the homEth3t 5heltEred it, alDng5ide. quite literHIIy ShOasing lane Austen House's world-leadin8 collection of first edttions, letter5 and objects. The exhibition wa5 supported by individual donors, as well as the organisations rEseTves. TefftpDrary exhibit1005 iDcluded-Man51ield Polk.. Courtftng Controversy" which ran from April to SeptembeT, and explored the nu3nce5 and darknes5e5 Df Au5ten'5 third novel. The exhibiiion was guest curated by Dr Timothy Moore, and also featured an artistic comm155ion by ait15t Channelle Brown. The House m3rked Admiral Sir Fianci5 Austen's 250, birthd3y with the exhibition Trovels with Fronk Ausien, which ran from April to July and the 75 aTrnivef5ary of the House beins opell to the publlc with 75 Yetsis OA JAH guest curated by PhD student Rachel Millar. The Family Room was rehung to better display the collection of miniaiures, silliouettes and portralts, and 31so saw the installation ol a small temporaTy exhibitioTr focused on the bold and brilllant women ol Au5ten's life.. Obstinutg Heodstrong Girl. Acquisitions: Jane Austen's House is grateful for the gift ol two drawiTr8s Tllade by Cassandra Austen In 1795 and 1805 from an Au5len family descendent. They are a beautiful addition to the existing collectSon of C35sandr3 Austen drawings al Jane Austen's House, and will help us to continue to tell the story ol Jane'5 talented slster. The siaff and trustees would like lo thank Professor Janine Barchas for her support in this. The House also received a Kift ol a copy of The Au5Een Papers, a vital re50uice for Austen material. Maintenance and Conservatlort The major project lor 2024 was the completion ol the lin81 phase ol the Roof Resroration Project. The work w3S carfled out by Clarke RoolinE Southern Limited, and the architect was Giles Pritchard Architecture. Atter the re-roofillg ol the main house over the winter of 202112022 IPhase 11. Ph3se 2 of the project S3W the restoration and re-roofing ol the Courtyard Buildings (Shop, Alcove. offices, Bakehouse and toilets). Work started in February 2024. and the restoration was complete Ekyjuly 2024, just in time to celebrate the House's 75th anniversary of opening to the public. The project necessitated the moving of rhe Visitor Reception and Shopto the Historic Kitchen lor three months. and the resilience and innovation of the staff and volunteer team during a tlme of disruption and change is something to be celebrated. As with Phase I, we sold ¢iles from Ihe roof to help raise funds. The 200 ttles sold out in eleven houTS. Page 3
JANE AUSTEN'S HOUSE MUSEUM Report of the trustee5 for the ye3r ended 31" December 2024 and we are so grateful for the support and engagement of all those who donared to the Roof Restoratioll Project over 2024 and the previous four ye3r5. The House and the Courtyard Buildings are now watertight lor the next generations, and with the addition of hemp Insulation and Èxtra 8Uttering, have extra protection for climate cliange. Retall Development and Commercial Income 2024 was a n)ore challenging yÈar for commercial income. with a year on year drop tn retail spend per head for the first time In four years. This was in part driven by external factors. and in part by the move from the d2diiated shop space to the much smaller Historic Kitchen. driven by the iool restoration project. Thi5 rnove reduced space not just for product lines, but also for shoppers themselves, and did have an impact on sale5 lor the first h311 Df tlie year. Despite this, we continued to see very healthy sales. and 3 contribution of £55,55312023.. E73,8001 from our SLibsidiary IAHM Trading Company, to the CIO, and a strong spend per head of £9.32 at year end. E-cornThierce continued to grow, with an 58% increase on 2023 incorne, and our licenslng pBrtnershlps wlth Riley 81ake Designs. Moorcroft Pottery. Harnilton Weston Wallpapers and The Harkness Rose Company continued to be successful, together generating £2S,80812023.. £32,813). Jane Austen 250 A key strand ol activitythroughout 2024 was planning for the 250 anniversary ol Jane Austen's birth in Decernber 2025. Thi5 milestone is the1&st of a serles ol Austen anniversarses that begar* in 2009 wtth the 20D' anniversary ol Austen moving to Chawton, and has included the bicentenaries ol the public3tion ol each ol her novels, as well a5 that of her death in 2017 la landmark year wliich saw a recorij number of 55,000 vi51torsl. The year represents a kev opportunlly to raise the prollle ol the House, and to generate essential funds to support the IonE-terrn stability and development of the or£anisarion. With the next Austen anniversary not until ?.075, Ihe tru5tee.s and Staff have. beet planning for 2025 with care and consideration lor seveTBI ye.ars, 2024 ssw thp. fin3lisatian Trf programmlng strands, exhibition5, retail product5 and partnerships. Prograrnming foi 2025 will feature 5 Tnini-festivèls, each focused around one of Austen's novels, takillg place in Januaryj May, July, SepternbeT and December. The JBnuary, July and December festivals 3re expansions ol existing, popular events, and all will le3ture a mlxture of talkg, experiences. performances and workshops. The main exhibition of the year will be Au5tenmonla, celebratlng the 30 anniv@r53ry of four transformational adaptlOll5 of Au5ten'5 work, all rele35ed in 1995. A spe¢lal ly)ok. A Jone Aijsten Year has been written by Head of Collections Sophie Reynold5 and developed by the staff team, ancl will be publtshed exclusively lorthe House in January 2025, before golng on general release in March 2025. An accompanying podca51, again written bv Sophie Reynold5, and voiced by the staff team has been recorded lor release 2025. Chalr of Trustees December 2024 marked the retirement of our long-seTV5ng chalr of trustees Isabel Hushes. Isabel has been hugelv influential in the development and profes5iofiali5ation ol the House over the p3St 15 year5 and 17as Served as chalr since the transition to becoming a CIO in 2014. Her vi510n, Intellect, compassion and support has bÈEn invaluable to everyone who ha5 had the pleasure of working with hEf both a5 trustees and siaff over th2l time period. and as individuals and as an org3Nisation we are immensely grateful for all her efFoils ènd time over those years. Isabel is succeeded 35 chair by Louisa PTice, whD has served as B trustee slntÈ 2022. 3nd brings to the role considerable ¥nuseurn and governance experience. JAkl Is hugply ltstsking forw2rd to her leadership, and the next Stages of the Oals?110n'5 development. Publlc Beneflt The aim of the House is to.. Maintaln and keep open for the public Jane Au5ten's House at Chawton, Hampsh1rÈ Maintain, secure. and conserve the collection of artefacts Explain and educate about J3ne Austen's Ille, works and famlly The Trustees confirm that they have referred to ihÈ public bonoflt guidance publlshed by the Charity Conirnission when rev5ewing the Charity's aims and objectlves. Flnanclal Revlew Flnanclal OvervlÈw In 2024 the Charity welcomed 39,123 visitors to the House12023.. 37,5471, thus exceedir¥g pre-covid visitor figures 12019.. 38,9821. Admissions income iTrcreased by 14% to £464,77712023: £408,845]. PaEe 4
JANE AUSTEN'S HOUSE MUSEUM Report of the trustees for the year ended 31 December 2024 Donations and grants totalled £106,49712023.. £73.3781. Within this figure £5,41912023.. £6.9231 was recelved from Jane Austen Sociely ol North America IJASNAI to support a designated fund for object conservation. The Courtyard Buildirkg Fund received donation5 totallin8 £14,12112023- £2,311) towards the re-roofing works for phase 2 of the Roof Restoration Project. Jane Au5ten's House is grateful to those people who considw our charity in their will. In 2024 the charily received legacies from one estate totallTrnE £10,000 ol unrestricted income, further n)onies from this eslate will be received in 2025. Our permanent exhrbition Jane Austen and the Art ol Writing fund recelved £7,053 12023.. £2501 towards the 12-sided bespoke display case Show ca5ill8 our collectlOn5 of first editlons, letters and objects. RÈt3il sales, includin8 royalty income, totalled £390.50912023-. £389.7411. The Charitls trading subsldiaryJAHM Trading Company Ltd gilt aided £5S.553 to the Charity12023.. £73,800) reflecting its Met profit lor the year. Investment income. beillg monies held on Treasury Deposit ft>r an average of 3 months at a tlme totalled E18,483 12023.. EII,1421. Charity expenditure totalled El.074.977.12023.. £762.9381. A larÈe part of thls increase in expendrture was due to spend the Roof Restoration Project lor phase 2 of the re-roofing works totallig £240,251. Overall. the Charity incurred a net delicit of £63.181 across all funds12023.' surplus £150,176). rlncl le Fundin Sourc The Charity relie5 on 8dmissions incomefrom visitors a5 well as events tncome together with surpluses generated from retatl activity by its trading subsidlary. Within desi nated funds Jane's Fund, the Charitvs established public fundraising appea1, received donation5 totallin8 E8,23612023.. £9,290) this being lorthe geneial upkeep of the whole 51te including redecoration in the House. E8,183 was spent from the JASNA designated fund to Support the ongoinE conservatiofi and restOT&tion works at thp House includin8 conserving several objects in the collection and conservation equiprnent. £8,106 was spent IrDm the Jane Austen and the Art ol Writin8 fund on the development of a new, permanent exhibitloll space exploiin6 Au5ten's creative proces5 and showcasiiig key objects from our collection. £233,871 wa5 Spent fiom the Courtyard Buildings Restoration Fund ro complete the Roof Restoration Project of the outbuildinES. The Jane Austen AnTriveF5aries Developnient Fund was establislied to coincide with the 250 anniversary ol Jane Au5ten'5 birth in 2025, É8,955 was spenr from this fvnd for exhibitions in 2024 and expanding to 2025. Within restricted funds Ihe multi-year Art Fund Reimagined Grant project W85 completed delwering the"Cfeativity and Curriculuin.. engaging today's young people with Jane Austen's eternal themes project". £1,200 was received from The Textile Society to fund the conservation towards Cassandra's handkerchief. Aosorves Trusrees have agreed to seek to maintain free reserves Ifunds not tied up in fixed assets, designated or ie5tiicted funds) of cash equivalent to 6 months of budgeted expeTrditure. This crientIY equate5 to approximately £370,000. YheTrustees aim to dlrect any su¥plus tree reserves to the de5t8nated fund5 for buildin8 repairs, collectlons development, feastbility work, acquisitioTrs and rn&tch funding lor major development p¥oje£t5. In summary. the ie5erves position at 31 December 2024 wa5 a5 follows- 2024 2023 Restricted Unrestricted DesiEnated Fixed assets Free reserve5 1,200 4,068 160,440 2,191,183 437,200 371,131 2,159,043 318,962 Total 2.790,023 2,853,204 Page 5
JANE AUSTEN'S HOUSE MUSEUM Report of the trustees for the year Ended 31. December 2024 The Trustees keep the risk register and reserves policy under regular review and would expect to revise these, where nece$53ry, to rellect any further changes in the charitws operating environment. FEJndraising standard5 Jane Austen's House carries oui fundraising to support its activlties in gener31 and for specific projects through direct public appeals on sire and through its web51te aTrd soci31 media pages. Appliiations are 8150 made to appropriate granr-making bodies. The House does not employ professional fundraisers or engage with commercsal partners lor these purposes. Auditors The accounts have been audlted by Compass Accountants LSmlred. A rogolutlon to reappolnt the auditor wlll be put to the members at the Anntial General Meetlng. So far as theTrustees aFÉ awarÈ, thÈrÈ is no relevant 2udlt Information of which the charity's auditors are unaware. Tru5tep5 h3ve laken all the steps nEce55ary to make themselves aware of any rolev2nt audlt Informatlon and to establish that the chaflty's auditor5 3re aware of that InlormatS0n. Louisa Price chairof Trustees Date.. 201£" Page 6
JANE AUSTEN'S HOUSE MUSEUM Statement of trustee re5pon5ibillties for the year ended 31, December 2024 The Trustees are responsible for preparing the Trustees, Annual Report and the linanclal statemetEts in acctsrdance with applicable law and United Kingdom Accounting Standards (united Kingdom Genera15y Accepted Accountlng prtIce). Charity13w require5 theTrustees to prepare financial statements lor each financial year, which Eive a true and falr vlew of the state of affairs of the charity and ot the incoming resources and application of resovrces, including the income and expenditure, ol the charity for that period. In preparing these financial statements, the Trustees are requlred io.. select suitable accounting policies and theri apply them consistÈntlyp observe the methDd5 and principles in the Charlties SORP FRS 102120191,. make judgement5 and estimate5 that are ieasonable and prudent.. state whether applicable UK AccountlngStandard5 have been followed. subject to any materi31 departures dlsclosed and explaied In the financial staternents,. prepare the flnaniial statements on the golng concerTr ba515 unless It is inappropriate to presume that the charitable company wlll contlnue In operation. The Trustees are responslble for keeplng prtsper acctsuntln8 record5 that disc105e with ieasonable accuiacy at any time the financial posltion of ihe charlty and enable them to ensure that the financi31 statements comply with the Charilies Act 2011, the Charity IAccouTrts and Reports) RegulatlOn5 2008 and the provisions of the trust deed. They ar2 also responsible for saleguarding the assets ol the charity and hence for taking reasonable steps foi the prevention and detection of fraud and olhei irreBularitles. Louisa Price Cha¢r ol Trustees Date.. Page 7
JANE AUSTEN'S HOUSE MUSEUM Independent Audltorfs Report to the Trustees of Jane Au5ten'5 House Museum Oplnlon We h8ve audited the financial statement5 01 JanE Austen's House Museum Ithe'parent charitv) and its subsidlary (the 'group'l for the year ended 31 De£ernber 2024 which comprise the Consolidated Statement ol Flnancial Activity, the Consolldated Balance Sheet, the Cliarity Salancesheet, the Consolidated Cash Flowstatement and note5 to the lin3ncial statements, including 8 5urnmary ol SiEnlficont accounting policies. The financial reporting frarnewDTk Eh31 h8s been applied in their preparatlon Is applicable law and United Kingdom Accounting Standard5, Including Fin?ncial Reportine Standard 102 The Financiul Reporting 5ttsndurd opplicoble in the UKand Republic of Irelundlunited Kingdom Generally Accepted Accounting Practlcel. In our opinion the financial statements.. Eive a true and fair view of the state of thegroup's and parent charity's affairs as at 31" December 2024, and of the group's intoming resources and application ol resources, including its income and expenditure. for the Year then @nded,. have been properly prepared in accordan with United Kingdon) Generally Accepted AccoLSntin8 Practice,. and have been prepared in accordance with the requlrements ol the Charities Act 2011. Ba515 for opinlon We conducted our 3udlt in aicordance with International Standardg on Auditing IUKI115As IUKII 2nd appllcable law. Our responsibilities under those standards are further described In the Auditorfs responsibilities for the audit ol the financlal stBtements section ol our report. We are independent of the group and parent clidrSiy in attordance wilh the ethical requlrements that are relevant to our audit of the financial statements the UK, including the FRC'S Ethical Standard, and we have fulfillÈd our otherethical re5ponslbilitles in 3ccordHnce with these reouirÈments. We believ&thèt Iheavdit evidence we have obtained is sufficlent and appropri8te ta provide a basis for our qualified opinion. other matter In the Pfevious Bcrovnting period th@Trustees took advantage of theexemption In ihe Charities Act 2011 notto prepare consolid8ted accounts 35 thEg*oup, ol which Jane Austen's House Museum is the parent, Qualified as a sm811 group. An audit Wa5 carried out Dn the charltls financial statement5. Therefore. whllst the charity comparativÈs were subject to audit, the consolldated group comparatives were not subject to audlt. Concluslons relallng to going concern In auditing the financial st3tement5, we have concluded tliat the trusrees, use of the going concern basis ol accounting in the preparation ol the financial statements is appropriate. Dased on theworkwe have performed, we have not identified any material uncertainties relatin6 to event50rconditlons that, individually or collectivelyi rn6V Cast significanr doubr on the group's or parent's ability to contitFue a5 a goin concern for a peritsd of at least twelve months from when the linan£i315tatemeTrt5 are authori5ed lor Issue. Our responsibilitles ond the responsibilities of the trustees with iespect to going concern are descflbed in the relevant sections ol this report. other Inlomiatlon The other information compTises the information Included In the trustees annual report, oiher than the financlal slatement5 and our auditor'5 repo¥t thereon. The trust@es are responsible lor the other information contained wlrhl the annual report. Our opinion on the Ilnaniial sratements doe5 not cover the othei information and, except to the extent otherwise eXpl1t1V stated In our report, we do not expres5 any form of assurance conclusion theretsn. Our iesponsibility 15 to reBd the other Information and. in doing so, considerwhethertheother Inforn)ailon Is maierlallv 1COnSIstent with the flnancial statements or our knowledge obtalned ifi the audit or otherwlsÈ appears to b& materlally misstated. If we identify su£h material inconsistencie5 or appzrent materlal mlsstatÈments, we are required to determine whetherthere is a material misstatement in the linanclal statements or a maiorial mlsstatemeTrt of Ihe other information. If, based on the work we have perlorrned, we Conclude that there Is a mater131 mlsstatement of thls other Informatlon. we are required to report that fact. Page 8
JANE AUSTEN'S HOUSE MUSEUM Independent Audltor's Report to the Tru5tee5 of Jane Austen's House Museum Matters on whlch we are required to report by exception We have nothing to report this regard. We have nothing to report in respect of the following matters in relation to which the Charitie5 (Accounts and Report51 Regulations 2008 require us to report to you if. in our opinion: the information given in the financial statement5 is Inconsistent in any rnaterial respect with the trustees, report,. or sufficient accountlng records have not been kept; or the f¢nanci81 statements are not in agreement with the accounting Tecords,. or we have not received all the informatlon and explanations we require for our aL¢dit. Responslbilltles of trustees As explalned moro lully In thetrustees, Yesponstbilities statement set out on pzge 7. thetru5tee5are responslblefor the preparatltsn of financ131 slatements which give a true and fail view, and for such internal tontrol as the trustees determlne Is necess2ry to enable the preparation of financial statements that are free from mater131 mlsstatement, whether due to fraud or error. In preparing the financial statements, tlie trustees are responsible lor a5ses5inB the group and parent charity's ability to continue as a going concern, disclosing, as applicable, rnatters related to going concem and using the golng concern basis of accountine unless tho rrusiees either InteMd to liquldate the group or the parent charity or to cease operatlOn5, or have no reallstlc alternatlve but io do so. Audltorfs responslbllltle$ for the audlt of the flnanclal statemerhts We have been appolnted as audltor under sectlon 144 of Ihe Charities Act 2011 and report In 8CCOTdan£e with iegulations made undÈr sectlon 154 of thal Att. Our objectives afe to obtain reasonable assurance about whether the financial 5tatement5 as a whole a free from material misstatement, whether due to Iraud or error, and to issue an auditor's report that include5 our opinion. Rea%on)ble assurance Is a hiEh level of assuranco, bur is nor a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and arecongidèred materlal if, indlvidually or In theaBgregate. they could reasofiably beexpected toinlluencetheeconomic (fecisions of users takeii on ihe tiasis of rhese financi31 statements. Irregularities, including fraud, ale instances of non-compliance with laws ad Fegulations. We design proiedures In Ilne wilh our responsibilities, outlined above, to delect material rnis5tatements ifj respect of irregularltles, Includln8 fravd. The speclllc procedures lor this engagement and the extent to which these are capable of detectln6 ifFesul3ritie5, ncluding frèud Is deialled below.. We gained an undeTStandin8 of the legal and regulatory framework applicable to the charity and the sector in which it operate5 thTough di5CU5sion5 wlth management, sector research, and the application of relevant audit knowledge and experience We made enqulries of management around actual and potential litigation and claims We made enquirie5 of management and relevant staff. and designed our audit procedures, including reviewing financial statement dlsclosures and testing ol svpporting documentation, to assess compllance with applicable laws and rÈBulations. We locussed on law5 ènd regulations which Could give iise to material mlsstateme#t Ihe financtal statements including, but not limited to. the Charlties Act 2011, the Charitie5 SORP, and tlie Financl31 Reporting standard 102. We identlfied the risk of material misstatement ol the financial 5tatemeTrts due to fraud and designed audit proCedreS to respond to the rlsk. We peTIoTmed audit piocedures deslgned to address the risk ol fraud arlsing rrom management override ol contro15, includingt but not Ilmlted to, testing of lourn81 entries and other adlustnients. reviewing accounting estimate5 for evidence of bias, and evalvatln8 the business rationale ol significant transactions outside the normal course ol business Page 9
JANE AUSTEN'S HOUSE MUSEUM Independent Auditorfs Report to the Trustees of Jane Austen's House Museum Because ¢Jf the inherent limitations ol an audit. there is a risk that we will not detect all irregularities, including thD5e leading to a material mi55tatement in the financial st8ternent5 or non-cornpliance wth ie8ul&tion. This risk increases the morethat compliance with a lawor regulation Is removedfromthe events and transactions reflected in the financial statement5, as we wi11 be le55 likelyto become 3ware ol Snstances ol non-compllance. The risk is also greater regardin8 irregulBrities occurring due to fraud rather than error, Bs fraud Snvolves Intentional concealment, f()r8ery, ¢ollusion, ornis5ion or mlsfepresentation. A lijrther desirlption olour responsibilities forthe audit ol the linancsal st8tementS 15 located om the Fin3ncial Reporting Councll'5 website at.. www.frc.or8.uklaiiditorsresponsibilities. This description forms part of our auditor's report. Vse of our report Thls report is mad@ solely to the charity's tru5tee5. 35 a body. in accordance with Part 4 of the Charitle5 IAccoutSt9 and Reportsl Regulations 20D8. Our audit work has been underlzkeR so that we might state to the charity's trustees those matters we are required to state to them in an audltor's report and for other purpose. To the fullest eKtenE permitted bylaw, we do not accept or assume restx)nslbility to anyone other than the charity ancl thecharity's trustees as a bodv, foro udit work, ort, or for the opiaions we have formed. omp Accountant5 Limited, Chartered Accountan15 and St4lutory Audltor Venture House. The Tanneries East Street, fitchlield Hampshire. P014 4AR Date.. 1nl Zozs Composs Accountonts Linitredis eligible to oct os on ouditorAn terms of section 1212 of the Componftes Act 2005. Page 10
JANE AUSTEN'S HOUSE MUSEUM Consolldated Statement of financial activities (incorporating the income and expenditure accountl Foy the year ended 31 December 2024 Unrestricted Restrlcied funds funds 2024 UnrestrÈcred Restrlcted Total funds funds 2023 Total Note5 Income from: Donatlons and grants t>onated assers Admissions Trading compar)y Investment income Other income Museum & Gallerles ExhibitÉon Tax Relief 84,100 io,(xJo 464,777 390,509 18,483 23,584 12,397 96,497 10,000 464.777 390,509 18,483 23,584 64,422 420 408,845 389,741 11,142 23,494 8,956 73,378 420 408,845 389,741 11,142 23,494 7,946 7,946 6,094 6,094 Total Income 999,399 12,397 1,OAI,796 904,158 8,956 913.114 Expendlture on.. Raising funds Trading companv Charitable ad5Vitles 14,207 329.146 723,412 14.207 329.146 731,624 15.664 309,803 413,484 15.664 309.803 437,471 8,212 23,987 Total expendlturè 1,066,765 8,212 1,074,977 738,951 23,987 762,938 Net income/leMpenditurel 167,3661 4,185 163,1811 165,207 115,0311 150,176 Transfer between funds 7.053 17,0531 5,120 15,1201 Net movement in fund5 160.3131 12,8681 163,1811 170.327 120.1511 150.176 Reconclllatlon of fund5', Total funds brought lorward 2,849,136 4,068 2,853,204 2,678,809 24,219 2,703,028 Total funds carrled forward 2,788,823 1,200 2,790,023 2,849,136 4,068 2,853,204 The notes on pages 15 to 26 lorm an integral part of these financial statements Pa8e 11
JANE AUSTEN'S HOUSE MUSEUM Consolidated Balante Shèet As at 31st DÈcember 2024 2024 2023 Notes Fixed asset5 Tangible assets Heritage a5SÉts li 12 26,038 2,165,045 5,099 2,153,944 2.191,083 2,159.043 Current assets Stock Debtors Cash at bank and in hand 14 15 81,396 42,999 543,242 45,850 29,754 650,610 667,637 726.214 Credltors.. amounts falllng due wlthln one year 16 168,6971 132,0531 Net current assets 598,940 694,161 Total assets les5 current Ilabllltles 2,790,023 2,853,204 Funds 17 Restricted funds 19 1.2(X) 4,068 Designated funds General unresrri£ted funds 160,440 2.628.383 371,131 2,478,005 Total unrestricted funds 18 2.788,823 2,849,136 Total fund5 2,790,023 2,853,204 The financsal staremenis were approved and authori5ed for issue by the Trustees and signed on their behalf by Loulsa Pri Chair of Trustees Date: ,1,12 oi The notes on pages 15 ta 25 form an Integral part of these finartclal statements Page IZ
JANE AUSTEN'S HOUSE MUSEUM Balance Sheet As at 3tst December 2024 2024 2023 Notes Fixed a55ets Tangible assets Herit3Be assets Investrnents li 12 13 26,038 2,165,045 loo 5,099 2,153,944 loo 2,191,183 2.159,143 Current assèts Debtors Cash at bank and in h3nd 15 133.754 538.237 147,840 647.286 671,991 795.126 C¥edltors.' amounts falllng due within one year 16 173,1511 1101,0651 Nèt current assets 598,840 694,061 Total assets less current liabillties 2,790,023 2,851,204 Fund5 17 Restricted fvnds 19 1,200 4,068 Designated fund5 General vnrestritted funds 160,440 2.628,383 371.131 2.478.005 Total unrestricteij funds 18 2,788,823 2,849.136 Total funds 2,790.023 2,853,204 The financial statements were approved and authorised for issue by the Trustees and signed on thelf behalf by Loulsa Prlce Chalr of Trustees Date: 202< The note5 on pages 15 to 26 form an Integfal part of these Ilnanilal statements Page 13
JANE ALISTEN'S HOUSE MUSEUM Cash flow Statement for the year ended 31 December 2024 2024 2023 Cash flows from operating activitie5'. Nei cash provided byllused Inl operatlng activities 191,8OBI 122.333 Cash flows from Investlng activities: Income from inve5ttnents Purchase of tangible fixed assets Purchase of heritage asset5 18,483 132,9421 11,ioil 11,142 12,7201 19,S461 Net cash used in InvesilnR activllles 115,560 11,1241 Change in cash and cash equlvalents In the reporting period 1107,3681 121.209 Cash and cash equivalents at l January 2024 650,610 529,401 Cash and cash equivalents at 31 December 2024 543,242 650,610 Net incomellexpenditurel for the reportSng perlod Depreciation L055 OtE disposal of assets Income from Investments Donated assets Decro3sellincreasel In stock Decre3sellincre8sel in debtors IDe¢reasel/incrÈasÈ in tredittsrs 163,1811 12,003 150,176 3,459 132 111.1421 14201 17,4171 7,722 120.1771 118,4831 iio,0001 135.5461 113,2451 36,644 Net cash provlded by/lused In} operating activities 191.8081 122,333 Page 14
JANE AUSTEN'S HOUSE MUSEUM Notes to the financial stBtements for the year ended 31" December 2024 Accountlng pollcles 1.1. Charlty Informatlon Jane Austen's House Museum is a Fovndation Charitable Incorporated Organlsatlon ICIOI regSstered in England & Wales. The principal addie5s Is Jane Austen's House, Winchester Road, Chawton, Alion. Hampshire. GU34 15D. Jane Austen's Flouse Museum meets the deflnlt1on ol a publlc benefit entlty under section 34 of FRS 102. Assets and liabililies are initialty reCoglSed at historical cost or transaction value. unless otherwise stated in the relevant 3ccountlng pollcy. The principal objectlves ol the charlty are detailed In the Trustees report. 1.2. Basls of atcountlng The charity constltutes a public benefii eniliy as deflned by FRS 102. The financial sratemenis have been prepared in accordance with AccouritlnK and Reptsrting by Charitles.. Statement of Recommended Practlce appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in Oitober 2019, thp Finan£ial REporting Standard applicablp in the United Ktngdom and Republic of trrelad IFRS 1021. the CharitiesAct 2011, and UK GenerallyAccepted Accounting Practice. The financial statetnents are presented I 5terlill8 which 15 the functional curreTrry of the charity. Monetary amounts in ihese financial statements are rounded to the llearest £. Consolidated financial slatement5 have been prepared in respect of the charitable trust and Its Whol owned 5ubsidiHryJ J A H M Tradins Cotnpany LiFnitEd. The Cons01id6ted Staternent of Financial Activitie5 iTrclude5 the results of J A H M Trading Comp3ny Limited as single line items. The Con501idated Balance Sheet includes the net assets of J A H M Trading CcFmp8rsy Limited on a line by line basis. This is a change from the previous year as consolidated accounts were not required due to the Size of the group. 1.3. Going toncèrn TheTrustees approved a detailed Income and expenditure budget for 2025 and, considerlng rhem allordable, agreed that the accounts for 2024 should be prepawed on a goi¢iE concern basis. The Senlor Management team and the Trustees revlew forecasts oll a regular basls throughout the year, glvlng due consideration to risks & opportunitie5. This, allied to the stre8th ol the Balance Sheet and the availability ol unrestriited reserves, includSnB thÈ mainlonance of a tash threshold designÈd to protett agalnst sudden, adverse changes in our operating model. supports the decision to prepare these accounts on a going-concern basi5. 1.4. Charltable funds Unrestricted funds areavallable for use at the discretion of the trustees in furtherance of their charitable objectlves unless the funds have been des1gnated for other purposes. Restricted fund5 are subject to specillc cond5tlons on their expenditure Imposed by the donor. The purposes and uses of the restricted fund5 are Set out in the note5 tts the accounts. De5(gnated ftAnds represent monies Set aside by Trustees to piovide for futt¥¥e acquisit105 of Jane Austen artefatts, rÈstor8tlon proje£ls and Ènhancement ol the museum facilities. 1.5. Incomlng resources All inconTring resources are included in the Statement of f inancial Activilies when the charity is entitled to the income and the amount can be qvantified with reasonable accvracy. The lollowing specific policles a¥e applied to particular cate£ories of iniome: Voluntary income is received by way of grants, donations and gifts ar)d is included in full in the Statement ol Financial Actwities when reieivable. Donated services and facilities are included at the value to the charity where this can be qatifIed. The value of 5ervicES provided by volunteers has not been included. Page 15
JANE AUSTEN'S HOUSE MUSEUM Notes to the Ilnanclal statements for the year ended 31" December 2024 Investrnent incorne is included when receivable. Gratts. where related to performance and spÈcific deliverables, 3re accounted for as charlty earns the right to tonsideraiiun by its perforniance. legacies ale included when the Iharlty is advised by the personal representative ol an e5Eate that payment will be made or property transferred and the arnount iTrvoSved can be quantified. 1.6. Resources expended Expenditure 15 recogni£Èd on an accrual basis 35 a liability is incurred. ExpendiÈure includes any VAT which cannot be fully recovered. 3nd ts reported separately 8s irrecoverable VAT. Fundraising costs comprise the costs associated with attr3ctlng V151tOT5 tojane AustEn's House. Charltable expenditure comprises those c05t5 iniurred by the Chatliy in the delivery of its activities 3nd services lor its beneliciarie5. It includes both costs that can be allocated dirtlY to such activitie5 and those costs of an indirect nature Treces5ary to support them. Support C05t5 Include governance costs which are c05t5 associated with rne2tln8 the constitutional and statutory requirements of the Charity and include the audit lees aAd Costs linkÈd to the strategic rnanagemenl of the Charity. 1.7. Tangible fixed assets and dèpreclatlon Tangible fixed assets wlth a Cost or value greater than £500 and a useful life eKceeding Dne year are staled al c05t les5 accumulated depieciation. Depreciation is provided at rates calculated to write oflthe cost less rÈsidual value of each asset over its expected useful life, as follows: Flxtures and fitting5 Computer equipment 5 years stralght Ilne 3 years st¥aight line 1.8. Heritage assets Heiifage assÈis pr&domiTrantly rdate to the cost of the bulldin£, subsequent capital improvement5 and exhibit5 held in the museum. Herltage assets are recogni5ed ènd mp.3£ured at cost, or dÈÈmed cost. Herit88e 855et5 donated to the Fvluseum with a value in ex¢ess ol £500 are included ill the accounts on the basis of iiitern21 valuations est4m8ted by the relevant curatorlal staff and determined by their experience and judgement. Where this information Is not available and Can0[ be obtained at a C05t coinmensurate wlth the benefits to users ol the financial statements, the assets will noi be recognised in the Balance Sheet and the disclosure rÈqulrÈd by the charities SORP will be made. No depreciation Is provided on the freehold property and capital improvements as in the oplnltsn of the Trustees the Currenl market value exceeds the combined value ol property and improvements. Exhibit5 are Trot depreciated slnce they are maintained 8t their current conditioft by & continuing ¢onsÈrvailon programme. The cost of conservation ol exhibits is reportÈd in tho Statement of Financial Activities in the year it is Incuired. 1.9. Flxed a55et Investments Fixed asset investments are initially measvrEd at 105t and 5ubseouÈntly measured at cost le55 any accurnulated impairrnent IDsses. The investments are 35se55ed lorimpairment at each reportingdate and any impairmefit losses or reversals of impairment losses are recognised immediately in net in£orne/le¥penditurel for the year. A subsidiary is an entity controlled by the Charity. CoBtrol 15 the power to govern the financial and operating policie5 01 the entity 50 3S to obialn benefits frtsm its activitie5. 1.10. Stock Inventories arevalued at the lower ol cost and net reallsable value, after making due allowance for obsolete and slow movng items. Page 16
JANE AUSTEN'S HOUSE MUSEUM Notes to the flnanclal statements for the year ended 31" December 2024 1.11. Cash and cash equlvalents Cash and cash equivalents Include cash Sn hat)d and depos$ held at call with banks. 1.12. Financlal Instruments The TFU5t has elected to apply the provisions ol Section 11 'Baslc Financlal Instritments. and Secrlon 12 '0ther Financial Instrumenls Issues. of FR5102 to all of its financial Instruments. Financial instruments are recognised when the Chèrlty bÈcorne5 PBrly to thE COlltiactu?I provisions of the instrument. Financial assets and liabllitles are offset, wlth the net amount5 presented in the financi31 statement5, when there 15 a legally enforceable right to set off the recogn*sed amounts and there is an intention to settle or? a net basis or to rEali5e the d55et aB(1 settle the liability 5inTrultaneously. Crltlcal accountlng estimates and judgements In Ihe application of the Ch8rit¢s accouniin8 polic¢es, the trustees are required to make ludgements, esiim&te5 and assumptions about the cariying arnDunt of 355et5 and li3bilitie5 that are not ieadily apparent frorn other sources. The estimates and associated assumptions are based on historical ÈxperiencÉ 2nd other lacttsrs that are tonsidered to be relevant. Actual results may differ from these estimates. e estimates and underlying assumptions are reviewed on an on8OlnB basls. Revisions to accountlng estimate5 afe recogni52d in the period in which the estimate is revised where the revision affect5 only tliat period, or in the period of the revision and luturÈ pÈriods where tliÈ revision affects both EUTrent future periods. Donatlon5 Unrestrltted Designated funds funds Restiicted funds 2024 Totsl 2023 Total JASNA Fund Jane's Fund JA & Art of Writlng Fund Ari Fund reimagined grant Courtyard Buildings Fund Contributions towards 8onh8ms purchase Legacies Gift aid Sundry don3tions and grants 5.419 8.236 5.419 8.236 7,053 6,923 9,290 250 1.600 2.311 5.120 7,053 9,977 4,144 14,121 10,000 47,974 2.244 Jo,(x)o 47,974 3,694 43,997 3,887 250 1,200 60,218 10,000 23,882 12,397 96,497 10,000 73,378 420 Donated assets 70,218 23.882 12,397 106.497 73.798 For theyear ended 31" December 2023 the Charlty reieived restricied donations of E8,956, de558nated donations of £16,538 and unrestricted donations of E48,304. Investment income Unreslrlcted funds 2024 Total Unrestricted lunds 2023 Total Bank Interest recelvable 18,483 18,483 11,142 11,142 Pa8e 17
JANE AUSTEN'S HOUSE MUSEUM Notes to the financial statements for the yeai ended 31" December 2024 Income and expendlture from tradlnE subsidiary J A H M Tradlng Company Limited Gener3te5 iniome from the Museum shop. Summary of troding results 202d 2023 Turnover Cost of sales 390.509 389,741 1178,9461 210.795 1136,9951 1185.8121 204,697 1149.1441 Gross profit Administrative expenses Net profit lor the year Amount 8Sft-aided to the chaTIty 55,553 73,800 173,8001 155.5531 Retained prolli The assets and liabi1Sties of the company were- Assets 99,199 199,0991 81,022 180,9221 Funds IOD loo Fundrassing Unrestilcted funds 2024 Llnre5tricted Total (unds 2022 Total Advertising and publicitv 14.207 14,207 15.664 15.664 Charltable actSvitles Unreslrlcted Deslgnated Reslrlctsd funds funds fund5 2024 Unr25triited RÈstrlcted Total funds funds 2023 Total Stall costs 307,845 Project expense5 4.749 Conservation Of exhiblts 1.333 Governan£e & support costs 142,073 307,845 280.373 1,333 142.073 227,239 5,942 5.077 116,979 227.239 88,176 5,077 116,979 267,412 8.212 82.234 456,000 267,412 8,212 731,624 355,237 82.234 437.471 For the year ended 31" December 2023 the Charitws expenditure on charitable activities con515ted of £23,987 restricted funds, £58,247 desiÈnated fttnds and £355,237 unrestricted fund5. Page 18
JANE AUSTEN'S HOUSE MUSEUWI Notes to the financial statements for the year ended 31" Decembèr 2024 Governancè and support costs Unrestrlcted Restrlcted funds funds 20? Unrestrlcted Resrrl¢ted Total funds funds 2023 Total Suppor¢ c05t5 Upkeep ol garden Rates Light alld heat Computer and software Telephone Insurance 5,972 1,018 6,603 16,255 261 25,231 12,779 5,972 1,018 6,603 16,255 261 6,968 1,196 6,408 16,135 918 21,652 8,864 6,968 1.196 6,408 16,135 918 21,652 8,864 25,231 12,779 Repairs and maintenance Retail terminal, transaction and equipment C05t5 Depreciation of fixtures and fittings Postage and packaglnE Cleèning Stall travel Office 5tat¢onery Fundraising and training eKpetJse5 Mixellaneous B8nk interest and rh3rges Staff and volunteer refreshments Irrecoverable VAT L055 on dispDS?l of fSxed 3s5ets 19,014 12,(K)3 136 8,868 3,334 1.451 1,981 241 1,742 805 16,280 19.014 12.003 136 8,868 3,334 1,451 1,981 241 1,742 15,870 3,459 64 7.337 3.654 899 1,658 410 1.749 15,870 3.459 7,337 3.654 B99 1,658 10 1,749 801 10,876 132 16,280 10,876 132 133,974 133,974 109,050 109,050 Unrestrlcted Restrlcted funds funds 2024 Unrestrlcted Restilcted Total funds lunds 2023 To1 Govefnance cost5 Audit lees 3.700 2.583 654 1.162 3.70D 2,583 654 3,500 3,257 722 450 3,500 3,257 722 450 Account3ncy fees PTolession31 fees Travel and meeting costs 1,162 8,099 8,099 7,929 7.929 Net irtCDming resource5 for the Year 2024 2023 Net incomin8 resources is stated after cha¥BinB'. Depreciation and other amounts written oll tangible l*xed assets Auditors, rernuneration Auditors, rernuneration from non-avdlt work 7,990 3,70 2,583 3,591 3,500 3,257 Page 19
JANEAUSTEN'S HOUSE MUSEUM Notes to the financial statements for the year ended 31, December 2024 10. Key management employee5 2024 2023 Emplayment cost5 Total wages &nd 5a1arles Less rech8fged to J A H M Trading Less recha¥ged to p¥oject5 370,982 310,641 1113,2131 1104,8271 11,9881 111,3271 255.781 194.487 26,110 19,706 23.037 io,iio 2,917 2,936 Soclal secur5ty costs Pensson costs Childtare vouchers 307,845 227,239 No employee received emoluments of more than EGO,00012023.. None). Total wages and salarles for 2D24 do not include any one-off redundancy payments with termination benefit5 01 £Nil12023.. £NIII belng paid, Key management personnd of JaneAusten's House 3retheSenior Management Team. The Members of thesenior M8naEÈmentTeam are the Director, Head of Finance, Head of Commercial &Visitor Experience, Head of MaTketing & Communlcarlons and Head ol Collectiofis, Interpretation & Engagement. Remuneratlon lor the Senior Management Team for 2024 were £224.006. Number of employees The aveiage monthly numbers of employees during the year was 3$ follows: 2024 Number 2023 Number Retail Museum io 18 17 No trusreÈ received remuneration during the year12023.. £NIII. 4 trustees were reimbursed for travel expenses totalling E174 in the year12023.. £3701. Page 20
JANEAUSTEN'S HOUSE MUSEUM Notes to the flnanclal statements for the year ended 31" December 2024 ii. Tanglble fÉKed assets Flxtures and Computer tittln8s Equlpment Total Cost At I" January 2024 Addltlons Dlsposals 57,982 15.029 20,065 12.877 11,5861 112,3871 73.011 32.942 113,9731 At 3151 December 2024 76,461 15,519 91,980 Depyetiation At I" January 2024 Charge for the ye3r Eliminated n respect ol disposals 54.219 13.693 6,829 5,174 11,5861 112,3871 67,912 12,003 112.9731 At 31, December 2024 59,462 6.480 65.942 Nèt book valuès At 31" December 2024 16,999 9,039 26,038 At 31 December 2023 3,763 1,236 5,099 All tanglblefixed assets are held and used for dlrect charitable purpose5. 12. Herltage assets Freehold Improvements property to propeity EKhlblts Total Cost At I" January 2024 Additions DisPOsa15 62,500 946,851 1,144.593 ii,ioi 2.153,944 ii,ioi At 31 Decembw 2024 62,500 946,851 1,155,694 2,165,045 Depreciation At I" January and 315t December 2024 Net book values At 31" December 2024 62,500 946,851 1.155.694 2.165.045 At 31" t)e(ember 2023 62,500 946,851 1,144.593 2,153,944 The herit38e assets are of historic Importance and include £1.009,351 which relates to the cost of the building and svbseqtsent capital improvements. The original building was built in the sevenieenih century and was the home of JaneAu5ten. This building is open to the public. The remaining £1,155.694 ielates to exhibits which are confiected to Jaiie Austen or her family whicli ihe Charity holds to exhibil in the museuin. Page 21
IANEAUSTEN'S HOUSE MUSEUM Note5 to the flnan¢lal statements for the year ended 31, December 2024 Flve year summary of heritage asset transactlons 2024 2023 2022 2021 2020 Addition5 Improvements to property Exhiblts 1,800 524,800 ii,ioi 9,966 177,25Q Total additions ii,ioi 9,966 526,600 177,250 05a15 Improvements to propertv 1,615 805 601 Total disposals 1,615 1,406 13. Fixed asset irtvestmehts- Charlty Subsldlary ndertakings shares Total Cost At l January 2024 and At 31 December 2024 i(K> IOD Investments represent of the Issued share capital in l A H M Trading Limited. 14. Stocks Gioup 2024 Charltv 2024 2023 2023 Go¢hds for resale 81,396 45,850 The CFverall increase in stock reflects the build up ol stor.k in advance oFwhat Is ÈxpÈctÈd to be a high volume of trading activity in 2025, and followin8 a substantial holdinK ol the charity's new publication 'A Jane Austen'5 Year, celebrating 250 year5 of Jape Augten.. 15. Debtors Group 2024 Charlty 2024 2023 2023 Grants receivable Arntsunts owed by group undertakings Other debtors Prepaymenls and accrued income 3,574 2,151 48,000 9,674 73,929 3.574 48,000 6,094 9D.172 11,825 31,174 6,094 20,086 42,999 29,754 133.754 147.8LIO Page 22
JANE AUSTEN'S HOUSE MUSEUM Notes to the financial statement5 for the year ended 31" December 2024 16. Creditors: amounts lalllng due wÉthin Ohe yèar Group 2024 Charity 2024 2023 2023 Trade creditors Othei taxe5 and social security Amounts owing to subsidiary UndertakIg5 Other creditor5 Accruals and deferred income 18.392 13.969 3,535 9,867 8.912 3.535 76.135 483 12,000 23,696 483 14,066 50,30S 39.588 101,065 17. Analysis of net a55ets between funds Non-charitable tradlng funds Unrestricted Designated Restricted funds funds funds Total funds Fund balances at 31 December 2024 as represented by.. Tangible fixed assets Heiitage assets Inve5tment5 Current asset5 26.038 2,165.045 loo 510,351 173,1511 26,038 2,165,045 liuol 14,3541 4,454 160.440 1.200 667.637 168.6971 2,628,383 160,440 1,200 2,790,023 Non-charitable trading lunds URrestrlcted Designated Restricted tund5 Funds fund5 Total IndS Fun(S balances at 31 December 2023 a5 represented bv-. Tangible fixed assets Herlage a55ets InvestThentS Currefjt as52t5 5,099 2,153,944 loo 374,927 156,0651 5.099 2.153.944 liool 123,9121 24,012 371,131 4,068 726,214 132,0531 2.478,005 371,131 4,068 2,853,204 Page 23
JANE AUSTEN'S HOUSE MUSEUM Note5 to the finantlal statements for the year ended 31, December 2024 18. UnrestrScted funds At 151 January At 31" Detember 2024 IncomlnB resources Outgoing resources 2024 Transfer5 UnrÈsirlctÈd funds 2,478,005 646,371 1470.2071 125,7861 2,628,383 Designated funds.. IASNA Icoriservationl Fund J3ne's Fund LoTrg Term Maintenance Fund Acquisition5 Fund JA Anniversaries Developtnent Fuftd JA & Art of Wrltln8 Fund Courtyard Buildings Restoration Fund Education Development Fund Austen Variations Fund Acce55 Fund 29,892 39.318 20,QQO 14,442 IS.0 24.166 228.313 5,419 8.?.3G 18,1831 17,9651 27.128 39.989 35,0 20,009 22,045 15,000 5,899 16.000 116,0601 13321 18,9551 18,1061 1233,8211 9,977 4,419 10.000 250 2.000 10,000 250 2,000 Designated funds.. 371,131 23,882 1267,4121 32,839 160.440 Total charity unrestricted funds Non-charitable tradin8 funds Consolidatlon adjustment 2,849,136 670,253 390,509 161,3631 1737,6191 1390,5091 61,363 7,053 2,788,823 Unrestricted funds 2,478,005 999,399 11,066,765) 7.053 2.788,823 At I, January 2023 At 3151 December Incoming resources Out%olnE re$our¢es Transfers 2023 Un¥e5tricted funds 2.327.230 577,817 1370.9021 156,1401 2,478,005 DesiEnated funds.. JASNA (Conservationl Fund Jane's Fund Long Term MaSntenance Fund Acquisitions Fund JA Anniversaries Developrnent Fund JA & Art ol Writing Fun Shop Relurbi5hrnent Fund Courtyard Buildln8s Restoration Fund 37,575 33,504 15,000 20,000 7.500 33.ODO 25,000 180,000 6,923 9,290 114,6061 13,4761 29,892 39,318 20,000 14.442 15,000 24,166 5.000 14,4261 7,500 11,1321 250 19,0841 123,1861 16,7621 11,8141 55,000 75 228,313 Deslgnared funds.. 351,579 16.538 158,2461 61,260 371,131 Total Charity unrE5triilÉd lunds Non-charitable trading funds Con501idation adlustment 2,849.136 594.355 389,741 179,9381 1429,1481 1389,74Jl 79,938 5,120 2.849,136 2,678,809 904,158 1738,9511 5,120 2.849.136 Page 24
JANE AUSTEN'S HOUSE MUSEUM Note5 to the financlal statements for the yèay ended 31" December 2024 Deslgnated funds JASNA Conservation Fund. This fund 15 to suptjort the ongoing conservation and restoratlon Works at the House. Jane Fund. This fund is the Char¢ty's established public fundraising appe81. Lon TÈrm Maintendnce. Thi5 fund wa5 established in 2020 to SUPPOrtthe long-term conservation, restoration and maintenantÈ of Janp. Austen's HoiJ5e. It 15 de.5igned to support larger scale projects and ensures that the organlsation has the funds to enable e$5ential maintenance work. uisitions Fund. This fund is to provide for future acquisitions ol JaneAuslen 8rtef8cts. JAAnniversaries Develo ment Fund. 7his fund was established to co-insidethe 250 anniversary oljane Au5ten's birlh. A & Art ol Writin Fuftd. Thls fund was estobli5hed to develop a new, permanent exhibition space. Edutational Develo ment Fund, This fund w85 established in 2024 to support the development of and atcess to the House's formal and inlorn)al learning programmes. Access FuTrd. Thi5 fund was e5tabli5hed in 2024 to enable the Hotsse to implement the findlnzs of an Acce55 Audit and to £trntinue to rÈmtsvÈ barriprs to acr.e.-55ing the 14ou5e, it5 collection5 and Jane Austen's life and works. Court ard 8ulldln s Restoration Fund. This fund was established in 2022 to support the conservation and resto¥ation of the Courtyard Buildings. The fund5 have bTr used to restore the roofs. guttering and wa115, a5 well as ro improve sustainability through the installalion of insulation. The balance will be used to restore the wood work of the courtyard buildlngs atkd tD re5tor2 the interiorof the Bakehou5e. Transfers to the genefal lund occur when the funds have been spenl on capital irems ss deslgnated. 19. Re5trrtted funds At l Januarv 2024 At 31 December 2024 Incoming re50urce5 Outgoing resouices Transfers Art Fund Relma8ined Fund Courtyard Building5 FTrd JA & Art of Wilting Fun¢J 7he Textlle Society Fund 1.832 2,236 11,8321 16,3801 4,144 7,053 1.200 17,0531 1,2(X) 4,068 12.397 18.2121 17.0531 1,2(K) At l Januaiv 2023 Al 31 December 2023 In¢omlnz resour<es Out£olng resources Tiansfer5 Art Fund Reimagined Fvnil Bonhams Lot Fund CouTtyard Buildings Fund 24,219 1,600 5,120 2,236 123,9871 1,832 15,1201 2,236 24,219 8,956 123.9871 15,1201 4,068 RÈstrltted luDds ThÈ Art Fund ReiTn3 ine Grant Fund represent5 grant5 awarded to fund 90% 01 the education Reimagine Project. The Court ard Bulldln s Fund repre5ent5 donatlDn5 received toward5 luading lor the re-roofing of the outbuilding roofs. The JA & Art f Writin Fund represents donatlorys reieived toward5 funding a bespoke 12-sided display case for the perrnanent Art ol Writing exhibition. The Textlle Societ Funij represents grants awarded to help with the cost of conserving Ca55andra's handkerchief. Transfers to the general fund occurwhen thefunds have been spent capital items as specified and there are no remalning conditlons io satlsfy. Page 25
JANE AUSTEN'S HOUSE MUSEUM NiJte5 to the flnanclal statements for the year ended 31" December 2024 21. Subsidiaries Oetai15 of the Ch¥ritrfs subsldlaries at 3151 Deceinber 2024 are as follows.. Name of undertaklng J A H M Trading Company Limited ReBlStered office Nature of buslne55 England & Wales Retail sales at Jane Austen's House Museum Cla55 of 5haTe5 held Ordinary % Held 22. Related party transactions Under the terms of a Service Agreement, the ch&rity Techarged thÈ Tradlng Company subsidiary relatitsg to shared costs comprisin8 the followlng.. 2024 2023 Managernent & Visiror Servlces stall Till tran5aCtioTr charges Alarrns & 5ecurliy 113,213 13.769 795 9(X) 2.732 409 1.700 104,827 12,985 618 874 Insurance IT and telecoms 2.111 360 1,700 Rent 133,518 123A7S 23. Flnancial instruments The carrylng amounts of rhe charlty's financial instruments are as follows.. 2024 2023 Finonclal ossets Debt instrumÈnis measured at amortised cost.. Gr3ftts receivable Inote 151 - Amounts owed by group undertakings Inote 151 3,574 48.0(X) 51,574 48,000 A8.000 Finunciol liabllltles Measured at amoriised cost T¥ade creditors Inote IGI - Amounts owing to subsidiary undertakiDgs (note 161 Other creditors (note 161 9,867 23,696 8.912 76.135 483 33.563 85,530 Page 26