**Registered number: 08716250 Charity number: 1158304**
## **Huguenot Heritage Centre**
**(A company limited by guarantee)**
## **Unaudited**
**Trustees' report and financial statements For the year ended 31 March 2024**
**Huguenot Heritage Centre (A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 9|
|**Independent examiner's report**|10|
|**Statement of financial activities**|11|
|**Balance sheet**|12|
|**Notes to the financial statements**|13 - 22|
**Huguenot Heritage Centre**
## **(A company limited by guarantee)**
## **Reference and administrative details of the Company, its Trustees and advisers For the year ended 31 March 2024**
|**Trustees**|Naomi Billingsley|
|---|---|
||Andrew John Cazalet|
||Bernard Michael de Lerisson Cazenove|
||Ruth Mary Cornett (appointed 16 March 2024)|
||Peter James Duval|
||Bernard Eliot Osborn Hunter (appointed 16 March 2024)|
||Elizabeth Jane Money|
||Dr Tessa Violet Murdoch|
||Sophie Plender|
||Susan Prichard (appointed 28 November 2023)|
||Philip Samuel Talboys (resigned 25 September 2023)|
|**Company registered**
**number**
08716250
**Charity registered**
**number**
1158304
**Registered office**
95 High Street
Rochester
Kent
ME1 1LX
**Accountants**
Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
**Bankers**
Lloyds Bank plc
25 Gresham Street
London
EC 2V 7HN
**Independent Examiner**
Samantha Rouse FCCA DChA
Kreston Reeves LLP
Chartered Accountants
Montague Place, Quayside
Chatham Maritime
Chatham, Kent
ME4 4QU||
Page 1
**Huguenot Heritage Centre**
## **(A company limited by guarantee)**
## **Trustees' report For the year ended 31 March 2024**
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
- The objects of the Charity, as set out in Clause 4 of its Articles of Association, are:
- to advance education of the public by establishing, developing, and operating a Huguenot Heritage Centre (i.e. the Huguenot Museum) at 95 High Street, Rochester, ME1 1LX;
- to advance education of the public by promoting interest in, and knowledge of, Huguenot heritage; and
- - to advance education of the public by holding, managing and conserving Huguenot and Huguenot- related collections and archives and making such collections and archives publicly available for the purpose of viewing and research and the publication of the results of that research.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
These objects are forwarded by the activities of the Huguenot Museum, which opened to the public on 13 May 2015, and which has a programme of permanent and temporary displays and exhibitions, interpretation and educational events, special events, family activities and outreach work.
## **c. Public benefit**
The Trustees have complied with the duty under Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charities Commission. They have considered this guidance in deciding what activities the Charity should undertake, and they are satisfied that the Charity confers a public benefit.
## **Achievements and performance**
## **a. Main achievements of the Company**
## Fundraising
Following the launch of the Friends of the Huguenot Museum in late March 2023, the museum fundraising campaign continued. We maintained our US tax status through the British agency of Chapel York. In Autumn 2023, we established links with the Huguenot Society of Australia through members in Melbourne, Sydney and Tasmania and renewed contact with the Irish Chapter of the Huguenot Society in Waterford and Dublin. We have subsequently attracted Friends from Australia and the USA.
Page 2
**Huguenot Heritage Centre (A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 March 2024**
## **Achievements and performance (continued)**
In August 2023 we heard that our bid to the National Lottery Heritage Fund resilience stream for a 2.5 year programme, “The Huguenot Museum: A New Future.” had succeeded. To leverage this funding (£237,000 over three years), we secured 10% match funding for the next three years, through the combined support of the Garfield Weston Foundation (£20,000 over two years), the Samuel Freeman Charitable Trust (£7,000 based in Charleston, South Carolina) and the Friends of the Huguenot Museum. We recognize that a vital element of our New Future programme is to fundraise for capital to sustain the long-term future of the Huguenot Museum. Our goal is to raise £750,000 which will underwrite the support needed to keep the museum open going forward.
## Dinner in Rochester Cathedral
Fifty friends and supporters of the Huguenot Museum dined at the 5000-year old Nation’s table, in the magnificent surroundings of Rochester Cathedral with Dr. Martin Warner, Bishop of Chichester, once a Rochester boy chorister, as our Guest of Honour. After the Bishop underlined the importance of the Huguenot Museum for local, national and international audiences, Jonathan Portal encouraged guests to complete a pledge of support and handed his own application for life Friendship to Lara Dix, our Operations Manager, after his speech.
## Museum Displays
## _Refugees: Huguenots and Ukrainians_
Our summer exhibition opened on 17 June for Refugee Week 2023 generously supported by the Huguenot Society (£1000) and the Finnis Scott Foundation (£1000). Portraits of Huguenots, Anne Courtauld, her goldsmith husband Jean Jacob and watchmaker David Hubert, conserved by Ukrainian refugee paintings conservators Ahneta Shashkova and Valeriia Kravchenko, in the Olney studio of Courtauld Institute trained Katya Belaia Selzer, were shown alongside a quilt made by Ukrainian refugees settled in Medway towns, the initiative of Medway Help for Ukrainians. Paintings conservation was funded in financial year ending 2023 by the Idlewild Trust and Leche Trust with contributions from the Faith Project, Auckland Castle and direct descendants of Jean Jacob. The exhibition was opened by the Deputy Mayor and Mayoress of Rochester Marian Nesterov and Liubov Nestorava who spoke to the conservators in Ukrainian.
## _Sarah Lethieullier’s 1730’s Dolls House_
From late November 2023 the 1730s Uppark dolls house which belonged to a Huguenot teenager, Sarah Lethieuller, was installed and the display, part of the NLHF New Future project, opened to the public in February 2024. The dolls house was transported from Uppark, near Petersfield to the Huguenot Museum, Rochester pro bono by Art Carriers Gander & White. The loan, originally planned through to May 2025, has been extended until December 2026. This most sophisticated 18th century British miniature house, with its 700 fixtures and fittings and twelve dolls, attracts wider audiences. The installation was opened by former National Trust DirectorGeneral Martin Drury on 10 February 2024.
To coincide with this new display, the Huguenot Museum regularised its opening hours to five days per week, Tuesday through Saturday 11.00 a.m. to 4.00 p.m.
## Group visits
Special group visits in 2023-4 included members of the Garrick Club, the Attingham Society, and the combined choirs of the Mossbourne Victoria Park Academy, Hackney
Page 3
**Huguenot Heritage Centre (A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 March 2024**
## **Achievements and performance (continued)**
## Events
## _New York City_
In May 2023 Huguenot Refugee Escape Stories (a repeat of the events in Rochester Cathedral in November 2022 and at Toynbee Hall in March 2023) were presented in a private Manahattan 5th Avenue apartment by Tessa Murdoch (Acting Chair of Trustees) and Philip Reeser, former President of the Huguenot Society of America. Guests included curators from the Metropolitan Museum of Art, Officers and Committee Members of the Huguenot Society of America. This event has raised the profile of the Huguenot Museum, the French Hospital and the Huguenot Society of Great Britain and Ireland in Manhattan.
## _Rochester, Kent_
On 28 June 2023, Professor Robin Simon, Rochester resident, welcomed members of the Garrick Club into his home in Minor Canon Row and introduced his new book Shakespeare, Hogarth and Garrick. Guests included the President of the Huguenot Society, Katrina Matthews and the Chairman of the Silver Society, Arthur Drysdale.
The book signing and launch in Rochester Cathedral on 13 July 2023 of Kate Mosse’s third Huguenot novel The Ghost Ship was a great success. We welcomed over 150 attendees and the Dean of Rochester, Phil Hesketh and Canon Gordon Giles joined us at the museum afterwards.
## _London_
On 17 August 2023 Tessa Murdoch and Jonathan Portal took part in a presentation at the Bank of England. They introduced three Huguenot families with close links to this national institution in the heart of the City, the Houblons, Lethieulliers and Portals. The event was full to capacity.
Blue badge guide Julia Kuznecow led a walk through the City of London beforehand with the theme Huguenots and the City of London.
The November 2023 event held at the Soho Square Eglise Francaise Protestante de Londres, Who do you think you might be? featuring our patron, Richard, Duke of Buccleuch, Dame Rosalind Savill and architectural historian Jeremy Musson attracted a full capacity audience. Trustee Bernard Cazenove spoke about the Huguenot Museum at the dinner at the Garrick Club afterwards. The evening attracted new friends and significant donations.
On 6 December the Friends of the Huguenot Museum were invited to a breakfast viewing at the Sir John Soane’s Museum, Lincoln’s Inn Fields, of their temporary exhibition Georgian Illuminations with an introduction from the guest curator, Dr Melanie Doderer-Winckler.
## _Collaboration with Rochester Cathedral_
The Huguenot Museum continues to collaborate with Rochester Cathedral. In March 2024 the combined choirs of the Mossbourne Victoria Park Academy (which occupies the former French Hospital building in Hackney) performed a concert in the Cathedral. The programme of contemporary classical and popular music was enhanced by solo performance from former Mossbourne Hackney Community Academy student professional violinist Aanu Sodipe who plays with the Chineke orchestra. Aanu played the slow movement from Mendelssohn’s Violin Concerto. The event was sponsored by the Worshipful Company of Grocers.
Page 4
**Huguenot Heritage Centre (A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 March 2024**
## **Achievements and performance (continued)**
## _Staffing_
Over the last twelve months our stalwart Operations Manager Lara Dix has been supported in opening the Huguenot Museum by twelve volunteers, five of whom are resident at the French Hospital. The NLHF Resilience grant has paid for additional part-time visitor hosts. Maisie George who started in October 2022 was joined in January 2024 by Jessica Millward who left us five months later for a post as Assistant Curator, Calke Abbey with the National Trust. Occasional support was provided by Helena Kruder.
## _Volunteers_
We are most grateful to the volunteers who assist in welcoming our visitors on the ground floor and at museum reception and to those who run our Family History Research Service. Residents of the French Hospital include Jan Carroll, Ann Blyth, and Ted Hill. Alan Sandford produced a list of over 250 family names which the team have researched over the last nine years. This brings a steady income for the Huguenot Museum. In June 2023 we received a grant of £500 from the Marsh Charitable Trust which was welcome support towards volunteer training activities.
## _Training_
On 17 June 2023, the Gentle Author of Spitalfields Life led a blog writing workshop. Inspiring confidence, we appointed editors and agreed to publish blogs regularly on the museum website.
In July Huguenot Museum and French Hospital staff and trustees visited Tate Britain and the Rosetti exhibition with Tate volunteer guides who enjoyed a return visit to Huguenot Rochester a week later.
## _Trustees_
In September 2023, after leading the planning and organisation of the successful fundraising dinner in Rochester Cathedral, Philip Tallboys resigned on health grounds after serving for only nine months. Philip’s legal training and experience helped to ensure that proper governance was observed. We are grateful for his contribution.
In November 2023 Sue Prichard joined us. Sue is Head Curator at Leeds Castle, near Maidstone, with previous curatorial experience with the V&A Dress and Textile collections and at the National Maritime Museums, Greenwich. We were joined in March 2024 by Bernard Hunter and Ruth Cornett. Bernard Hunter has had a career in City finance and is a founder member of the National Gallery of London’s Beaumont Group and a former Trustee of Dulwich Picture Gallery. Ruth is head of Taxation and Legal Advisory Services at Christie’s in King Street, St James. Ruth is proud of her Huguenot heritage; her DNA test has confirmed the origin of the Cornett family from the Cotentin peninsula in Normandy.
Ruth herself was brought up and educated in Belfast and has a particular interest in the Huguenot contribution to the art, culture and history of Ireland.
The Trustees continue to meet six times a year, alternately at the Rochester Huguenot Museum and at the French Church, Soho Square. The Finance and General Purposes Committee meets alternate months. We have recently formed an Acquisitions Committee and a Fundraising Committee.
The Huguenot Museum is grateful to the Recovery Advisory Group chaired by Ann West, Deputy Lieutenant, and led by Richard Holdsworth, former head of interpretation at Chatham Dockyard. Edward Martineau, Secretary of the French Hospital, has steered negotiations with our parent charity. Caro Howell, director, Imperial War Museums, has provided wise counsel. Peter Duval, founding Chairman, continues to share his eleven years of experience in managing the Huguenot Museum.
Page 5
**Huguenot Heritage Centre**
## **(A company limited by guarantee)**
**Trustees' report (continued) For the year ended 31 March 2024**
## **Achievements and performance (continued)**
## **b. Review of activities**
The Charity's income for the period totalled £128,468 (2023: £59,614). Total expenditure amounted to £145,203 (2023: £86,423). Staff remuneration amounted to £38,172 (2023: £24,691), premises related costs to £46,635 (2023: £32,956), fundraising expenditure amounted to £29,299 (2023: £4,858) and other operational costs to £31,097 (2023: £23,918).
At 31 March 2024 the Charity’s total funds amounted to £48,089 (2023: £64,824), a decrease of £16,735.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
As a precaution against unforeseen adverse events, the Trustees wish to maintain unrestricted reserves sufficient to fund the core operation of the Museum for a period of at least six calendar months. Under the Museum’s new operating model, the funding required for six months of its core operations is currently estimated to be of the order of £30,000, and the Trustees thus aim to maintain unrestricted reserves of at least £30,000.
## **c. Financial risk management objectives and policies**
The Trustees have a duty to identify, assess and regularly review the risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity. The Trustees need to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.
During the year ended 31 March 2024, the Trustees have identified and assessed the major risks to which the Charity is exposed. They are satisfied that, in the introduction of robust systems and procedures, they have taken appropriate steps to mitigate exposure to major risks.
The Charity is responsible for the care and maintenance of the French Hospital’s collections of records and artefacts; these are of both historical interest and intrinsic value. The risk of a failure to adequately care for and maintain these collections is mitigated by ensuring they are held and displayed securely in a stable and controlled environment, by cataloguing the collections, and by maintaining adequate specialist insurance cover.
Page 6
**Huguenot Heritage Centre (A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 March 2024**
## **d. Principal funding**
In the year ended 31 March 2024 the Charity’s principal sources of core funding were: Donations / Grants (including Gift Aid) £86,161 (2023: £28,834) Museum operational activities £42,307 (2023: £30,780)
Included in the above, the Charity received one-off grant funding, as follows:
National Heritage Lottery Fund - £28,862 Garfield Weston - £20,000 Marsh Charitable Trust - £500 Rothschild Foundation £500 National Philanthropic Trust - £4,800 French Huguenot Church of London Charitable Trust - £2,500 Finnis Scott Foundation - £1,000 Huguenot Society of Great Britain and Ireland - £1,000
## **Structure, governance and management**
## **a. Constitution**
The Charity was incorporated as a charitable company limited by guarantee on 2 October 2013; its company registered number is 08716250. The Charity’s governing document is its Articles of Association, the current version of which was registered at Companies House on 12 August 2014.
The Charity was registered as a charity with the Charity Commission on 20 August 2014; its charity number is 1158304. The Directors of the Company are the Trustees of the Charity.
## **b. Methods of appointment or election of Trustees**
The Trustees have assessed the necessary and desirable skills, attributes and experience that they consider should be available to the board in order to enable it most effectively to fulfil the objects of the Charity. Where deficiencies in skills and experience among the existing Board of Trustees are identified, the Trustees actively seek to address such deficiencies.Consideration is also given to succession planning.
An individual proposed as a Trustee is subjected to a thorough selection and interview process to ensure that their appointment as a Trustee will strengthen the overall composition and balance of the Board of Trustees. At each annual general meeting one third of the Trustees (or, if their number is not three or a multiple of three, the number nearest to one third) must retire from office, the Trustees retiring being those who have been longest in office since their last appointment.
Clauses 27 to 39 of the Charity governing document describe the powers of Trustees, and the procedures for their appointment, resignation and removal.
## **c. Organisational structure and decision-making policies**
Under the Charity’s governing document, the Trustees are responsible for the management and control of all the charity’s activities. The Trustees meet regularly in order to consider the Charity's affairs.
The tasks of the day to day running of the Museum, the maintenance of its premises, and the management of the Charity’s other employees are delegated to the Operations Manager, who is supervised by, and reports to, the Board of Trustees.
Staff are involved in major decision making and policy formulation wherever possible.
Page 7
**Huguenot Heritage Centre (A company limited by guarantee)**
## **Trustees' report (continued) For the year ended 31 March 2024**
## **Structure, governance and management (continued)**
## **d. Policies adopted for the induction and training of Trustees**
New Trustees are briefed by the Secretary concerning both their duties and the Charity’s expectations of its Trustees. They also receive a copy of both the Charity’s governing document, and the Charity Commission’s guidance publication, The essential trustee: what you need to know (CC3). In addition, new Trustees are instructed in the work of the Museum by the Museum Director. External training for Trustees in matters of governance is available.
## **e. Classes of membership**
Under Clause 11(1) of the Articles of Association the Trustees may establish classes of membership with different rights and obligations, and shall record the rights and obligations in the register of members. To ensure that, if necessary, control of the Charity may be exercised by the Directors of The French Hospital (charity number: 219318), the Trustees have established two classes of membership, which classes are defined as follows:
- Foundation: Foundation membership is open only to Directors of The French Hospital. Foundation members have a right to attend, speak and vote at general meetings of the Charity.
- General: General membership is open to all persons except Directors of The French Hospital. General members have a right to attend and speak, but do not have the right to vote, at general meetings of the Charity.
## **Plans for future periods**
The Museum has the following strategic aims:
- to make museum operations sustainable and increase our resilience for the future.
- to become the home of knowledge for Huguenot Collections nationwide and develop a representative collection of our own.
- to develop a national and international profile in Huguenot history, culture and heritage by offering a varied and engaging programme of displays, activities and events on site and online.
- to lead the sector in providing learning opportunities for audiences which connect the Huguenot Legacy with contemporary issues in the present day.
Page 8
**Huguenot Heritage Centre** Huguenot Heritage Centre **(A company limited by guarantee)** (A company limited by guarantee)
## **Trustees' report (continued)** Trustees’ report (continued) **For the year ended 31 March 2024** For the year ended 31 March 2024
## **Statement of Trustees' responsibilities** Statement of Trustees’ responsibilities
> The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
> preparing the Trustees' report and the financial statements in accordance with applicable law and United preparing the Trustees’ report and the financial statements in accordance with applicable law and United
> Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
> Company law requires the Trustees to prepare financial statements for each financial year. Under company law, Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
> the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
> view of the state of affairs of the Company and of its incoming resources and application of resources, including view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- ° select suitable accounting policies and then apply them consistently; select suitable accounting policies and then apply them consistently;
- ° observe the methods and principles of the Charities SORP (FRS 102); observe the methods and principles of the Charities SORP (FRS 102); ° make judgments and accounting estimates that are reasonable and prudent; make judgments and accounting estimates that are reasonable and prudent; ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; departures disclosed and explained in the financial statements;
- ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. Company will continue in business.
> The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
> the Company's transactions and disclose with reasonable accuracy at any time the financial position of the the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
> Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They Company 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 Company and hence for taking reasonable steps for the are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. prevention and detection of fraud and other irregularities.
> Approved by order of the members of the board of Trustees and signed on their behalf by: Approved by order of the members of the board of Trustees and signed on their behalf by:
**Dr T Murdoch** Dr T Murdoch Chair Chair Date: Date: . 17
Page 9 Page 9
**Huguenot Heritage Centre**
**(A company limited by guarantee)**
## **Independent examiner's report**
**For the year ended 31 March 2024**
## **Independent examiner's report to the Trustees of Huguenot Heritage Centre ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts 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 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
> Signed: S M Rouse S Rouse FCCA DChA
> Dated: 17 December 2024
## **Kreston Reeves LLP**
Chartered Accountants Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU
Page 10
## **Huguenot Heritage Centre**
## **(A company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2024**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
13
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**252**
**-**
**252**|**Unrestricted**
**funds**
**2024**
**£**
**86,161**
**42,307**
**128,468**
**29,299**
**115,904**
**145,203**
**(16,735)**
**64,572**
**(16,735)**
**47,837**|**Total**
**funds**
**2024**
**£**
**86,161**
**42,307**
**128,468**
**29,299**
**115,904**
**145,203**
**(16,735)**
**64,824**
**(16,735)**
**48,089**|Total
funds
2023
£
28,834
30,780|
|---|---|---|---|---|
|||||59,614
4,858
81,565|
|||||86,423
(26,809)
91,633
(26,809)|
|||||64,824|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 22 form part of these financial statements.
Page 11
(A **Huguenot Heritage Centre** company limited by guarantee) Registered number: 08716250 **(A company limited by guarantee)**
**Registered number: 08716250**
## As at 31 March 2024 **Balance sheet**
**As at 31 March 2024**
||||2024|2024||2023|
|---|---|---|---|---|---|---|
||Note||**2024**
£|||2023
£|
|Fixed assets|**Note**||**£**|||£|
|**Fixed assets**
Heritage assets|9||11,950|||11,950|
|Heritage assets
Current assets|9||**11,950**|||11,950|
|**Current assets**
Stocks|10|1,171|||:||
|Stocks
Debtors|10
11|**1,171**
19,546|||-
12,853||
|Debtors
Cash at bank and in hand|11|**19,546**
32,760|||12,853
47,640||
|Cash at bank and in hand||**32,760**
53,477|||47,640
60,493||
|Creditors: amounts falling due within one||**53,477**|||60,493||
|Creditors: amounts falling due within one
year|12|(17,338)|||(7,619)||
|year
Net current assets|12|**(17,338)**|36,139||(7,619)|52,874|
|**Net current assets**
Total net assets|||**36,139**
48,089|||52,874
64,824|
|**Total net assets**|||**48,089**|||64,824|
|Charity funds|||||||
|**Charity funds**
Restricted funds|13||252|||252|
|Restricted funds
Unrestricted funds|13||**252**|||252|
|Unrestricted funds
Designated funds|13|11,950|||11,950||
|Designated funds
General funds|13
13|**11,950**
35,887|||11,950
52,622||
|General funds
Total unrestricted funds|13
13|**35,887**|47,837||52,622|64,572|
|Total unrestricted funds
Total funds|13||**47,837**
48,089|||64,572
64,824|
|**Total funds**|||**48,089**|||64,824|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section The members have not required the company to obtain an audit for the year in question in accordance with 476 of Companies Act 2006.
section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to records and preparation of financial statements.
accounting records and preparation of financial statements.
the The financial statements have been prepared in accordance with the provisions applicable to entities subject to small companies regime.
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Treasurer **A J Cazalet** Date: TreasurerDate: , > fc Cfrer ¢
The notes on pages 13 to 22 form part of these financial statements.
Page 12
**Huguenot Heritage Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2024**
## **1. General information**
Huguenot Heritage Centre is a company limited by guarantee with the charity registration number 1158304 and the company registration number 08716250. The address of the registered office is 95 High Street, Rochester, Kent, ME1 1LX. The main objectives of the Charity are:
- to advance education of the public by establishing, developing and operating a Huguenot Heritage Centre (i.e. the Huguenot Museum) at 95 High Street, Rochester, Kent, ME1 1LX;
- to advance education of the public by promoting interest in and knowledge of Huguenot heritage;
- - to advance education of the public by holding, managing and conserving Huguenot and Huguenotrelated collections and archives and making such collections and archives publicly available for the purpose of viewing and research and the publication of the results of that research.
The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Huguenot Heritage Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements, and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future, and that there are no material uncertainties about the Charity’s ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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**Huguenot Heritage Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2024**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Heritage assets**
Where heritage assets have been purchased, they are initially recognised at cost. After recognition, under the cost model, heritage assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
## **2.6 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 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.
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**Huguenot Heritage Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2024**
## **2. Accounting policies (continued)**
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.10 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Pensions**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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**Huguenot Heritage Centre**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2024**
## **3. Income from donations and legacies**
|Donations
Grants
Total 2023
**4.**
**Income from other trading activities**
**Income from fundraising events**
Income from museum operations
Total 2023
**5.**
**Expenditure on raising funds**
**Costs of raising funds**
Fundraising expenditure
Total 2023|**Unrestricted**
**funds**
**2024**
**£**
8,255
77,906
86,161
28,834
**Unrestricted**
**funds**
**2024**
**£**
42,307
30,780
**Unrestricted**
**funds**
**2024**
**£**
29,299
4,858|**Total**
**funds**
**2024**
**£**
**8,255**
**77,906**
**86,161**
28,834
**Total**
**funds**
**2024**
**£**
**42,307**
30,780
**Total**
**funds**
**2024**
**£**
**29,299**
4,858|Total
funds
2023
£
2,647
26,187|
|---|---|---|---|
||||28,834|
||||Total
funds
2023
£
30,780|
||||Total
funds
2023
£
4,858|
|||||
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**Huguenot Heritage Centre**
## **(A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2024**
## **6. Analysis of expenditure by activities**
|Charitable activities
Total 2023
**Analysis of direct costs**|**Direct costs**
**2024**
**£**
110,475
78,262|**Support**
**costs**
**2024**
**£**
5,429
3,303|**Total**
**funds**
**2024**
**£**
**115,904**
81,565|Total
funds
2023
£
81,565|
|---|---|---|---|---|
||||||
|Wages and salaries
Rent
Other staff-related costs
Insurance
Other premises costs
Website and IT
Office expenses
Consultancy
Bank fees
Activities and resources
Publicity and promotion
Shop expenses
Total 2023|**Activities**
**2024**
**£**
38,172
22,000
463
6,624
30,106
4,616
3,877
751
1,439
-
-
2,427
110,475
78,262|**Total**
**funds**
**2024**
**£**
**38,172**
**22,000**
**463**
**6,624**
**30,106**
**4,616**
**3,877**
**751**
**1,439**
**-**
**-**
**2,427**
**110,475**
78,262|Total
funds
2023
£
24,691
22,000
1,640
2,419
10,956
2,660
3,316
6,048
-
382
108
4,042|
|---|---|---|---|
||||78,262|
|||||
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**Huguenot Heritage Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2024**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Independent examiner's fee
Accountancy fees
Total 2023|**Activities**
**2024**
**£**
1,890
3,539
5,429
3,303|**Total**
**funds**
**2024**
**£**
**1,890**
**3,539**
**5,429**
3,303|Total
funds
2023
£
1,581
1,722|
|---|---|---|---|
||||3,303|
|||||
## **7. Staff costs**
|**2024**
**£**
Wages and salaries
**38,172**
**38,172**
The average number of persons employed by the Company during the year was as follows:
**2024**
**No.**
Average number of employees
**2**|2023
£
24,691|
|---|---|
|||
||24,691|
||2023
No.
1|
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration and benefits received by the key management personnel of the charity during the 2023-24 financial year amounts to £33,120 (2023: £24,045).
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
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**Huguenot Heritage Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2024**
## **9. Heritage assets Assets recognised at cost**
|Carrying value at 1 April 2023
**10.**
**Stocks**
Finished goods and goods for resale
**11.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
**12.**
**Creditors: Amounts falling due within one year**
Bank overdrafts
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**Tanqueray**
**sauce boat**
**2024**
**£**
11,950
11,950
**2024**
**£**
**1,171**
**2024**
**£**
**659**
**2,660**
**16,227**
**19,546**
**2024**
**£**
**7**
**10,823**
**617**
**270**
**5,621**
**17,338**|**Total**
**2024**
**£**
**11,950**|
|---|---|---|
|||**11,950**|
|||2023
£
-|
|||2023
£
-
8,189
4,664|
||||
|||12,853|
|||2023
£
-
-
-
1,059
6,560|
||||
|||7,619|
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**Huguenot Heritage Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2024**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
**Designated funds**
Designated Funds - Heritage assets
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Refugee projects
**Total of funds**|**Balance at 1**
**April 2023**
**£**
**11,950**
**52,622**
**64,572**
**252**
**64,824**|**Income**
**£**
**-**
**128,468**
**128,468**
**-**
**128,468**|**Expenditure**
**£**
**-**
**(145,203)**
**(145,203)**
**-**
**(145,203)**|**Balance at**
**31 March**
**2024**
**£**
**11,950**|
|---|---|---|---|---|
|||||**35,887**|
|||||**47,837**|
|||||**252**|
|||||**48,089**|
The purpose of the Refugee projects fund is to advance education of the public by promoting interest in, and knowledge of, Huguenot refugees and their experience of persecution. This purpose is in accordance with the Museum's charitable objects.
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**Huguenot Heritage Centre (A company limited by guarantee)**
**Notes to the financial statements For the year ended 31 March 2024**
## **13. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Designated Funds - Heritage assets
Designated Funds - The French Hospital
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Refugee projects
**Total of funds**|Balance at
1 April 2022
£
11,950
-
11,950
79,431
91,381
252
91,633|Income
£
-
6,048
6,048
53,566
59,614
-
59,614|Expenditure
£
-
(6,048)
(6,048)
(80,375)
(86,423)
-
(86,423)|Balance at
31 March
2023
£
11,950
-|
|---|---|---|---|---|
|||||11,950|
|||||52,622|
|||||64,572|
|||||252|
|||||64,824|
**14. Analysis of net assets between funds Analysis of net assets between funds - current period**
|Heritage assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2024**
**£**
-
252
-
252|**Unrestricted**
**funds**
**2024**
**£**
11,950
53,225
(17,338)
47,837|**Total**
**funds**
**2024**
**£**
**11,950**
**53,477**
**(17,338)**|
|---|---|---|---|
||||**48,089**|
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**Huguenot Heritage Centre (A company limited by guarantee)**
## **Notes to the financial statements For the year ended 31 March 2024**
## **14. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Heritage assets
Current assets
Creditors due within one year
**Total**|Restricted
funds
2023
£
-
252
-
252|Unrestricted
funds
2023
£
11,950
60,241
(7,619)
64,572|Total
funds
2023
£
11,950
60,493
(7,619)|
|---|---|---|---|
||||64,824|
## **15. Pension commitments**
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £nil (2023: £nil). Contributions totalling £nil (2023: £nil) were payable to the fund at the Balance sheet date and are included in creditors.
## **16. Related party transactions**
At the Balance sheet date, one of the Huguenot Museum’s Trustees, namely P J Duval, was also Trustee Director of the French Hospital. One of the Huguenot Museum’s Directors, namely Dr T V Murdoch, was a Non-trustee Director of the French Hospital.
During the year, the Charity received income of £22,000 (2023: £22,000) from The French Hospital in respect of fees due under a contract for the conservation and management of its collections. During the year the Charity paid The French Hospital rent of £22,000 (2023: £22,000) for its 95 High Street premises. At the Balance sheet date there are no amounts owed.
The Trustees made aggregate donations to the Charity during the year amounting to £1,100 (2023: £621).
There were no other related party transactions in the current or prior year.
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