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2023-06-30-accounts

Risk Management
The Trustees have a duty to identify and review the risks to which the
Charity is exposed and to ensure appropriate
controls are in place to
provide reasonable assurance
against fraud and error. A number of
Policies and Procedures are in the process ofbeing reviewed.
This is
necessary as we are into our accreditation
work where a number
of
policies and procedures
becomes a part ofthe process for achieving
that
accreditation.
The Museum,
funded
initially
by a grant from the Heritage
Lottery Fund,
Rayleigh
Town Council and others, opened tothe general public on 9
April 2016.Dedicated
solely tothe history ofRayleigh,
the Museum
has
Summary
ofthe objects ofthe
charity set out in its
governing
document
acquired a large number of local artefacts, including
an t8th Century
Bow
Window, an original cinema projector, a scale working
model ofthe local
windmill,
an old pub sign, an original baker"s cart and a large amount of
ephemera,
including
original postcards,
newspapers,
books, Town
guides, maps and original documents
of all sorts, all with a direct
Rayleigh provenance.
The Museum
continues to receive a wide range of
Ra lei h related artefacts added to our archives.
Public Benefit
The Museum
is designed forthe benefit ofthe residents of Rayleigh of all
ages, those new to the town, long term residents, as well as those
visitors to Rayleigh
from the wider community.
The Museum
has fully
compiiant access for individuals
with special needs, both wheelchair
users and those with mobility issues, including a disabled toilet and
hearing
loop. The Museum
also has a mobile defibrillator.
There will be
those who view the exhibits asa social visit, others for family research
and those who wish to find out more about aspecigc aspect ofour towns
history.
Visitor numbers
now exceed 38,000+since opening
in 2016a significant
number fora small independent
town museum.
Summary ofthe main We work closely with the 8Primary and 2Senior Schools in Rayleigh
in a
activities undertaken for the range ofeducational
and community
activities. These inciude organised
public benefit in relation to school visits (both at the Museum
and in schools), in line with each
these objects (include within individual
school's curriculum.
In addition,
Guides/Brownies/Scouts/Cub
this section the statutory Scouts group's award badges and work placement
students.
declaration that trustees have We actively seek to recruit new volunteer
stewards,
for example, those
had regard tothe guidance wishing to return to work, as part oftheir skills set for prospective
issued by the Charity
Commission
on public
employers.
We are a Museum
for the whole community
and offer a diverse range of
benefit) activities and events both in the Museum and within the local area, to
raise awareness
and involvement
with our Town*s rich and varied history.
A number ofour stewards
and all Duty Supervisors
have appropriate
ongoing
training
and refresher courses to include basic first aid training,
tire extinguisher,
use ofthe defibrillator, as appropriate.
We offer a facility to hire the Museum
for non-heritage
'commercial'
meetings as an additional
source ofincome.
In addition a growing element ofthe Museums
events also include the
Heritage Walks that are held on a regular basis both for local community
groups as well as visitors to the town.
Some ofour volunteers
regularly
carry out visits to sheltered
accommodation
and historical societies
delivering
presentations
and historical stories tothose groups.
This is
rovin
to assist in raisin
additional
funds for the Musueum.

~ ~ ~
~
~
Summary ofthe main
achievements
ofthe charity
during the year
The recovery ofour presence
within the community
has continued
to
grow even with the rising cost ofliving. We have continued
with a number
ofprocedures we have in place to continue offering a safe environment
for our visitors and volunteers
alike. We continue to maintain a number
ofmeasures
including
sanitisation
stations and availability
ofmasks as
some vulnerable
individuals
still require the option to have those
amenities
in place.
Iwould like to concentrate
upon and highlight
what I,as Chair of
Trustees,
believe to be the biggest strength
and achievement
that any
organisation,
wholly
run by volunteers,
could have had over the past year
ofthis report.
Our volunteers
have continued
to show the commitment
to the Museum
and its presence
in the Town and they have worked
hard to continue to
prepare
plans, procedures
and preparations
should we return tothe
previous
diNcult period ofthe pandemic.
Without the volunteers
we
would not have survived
the days, weeks and months
when eventually
we could welcome our community
back into our museum.
Because of
this dedication
we have continued to be mindful ofthe need to project
funding
reductions,
rising costof living and through the Finance team
have been able to manage the budget to their credit determination
and
good management
outcomes.
We were pleased to welcome back to the museum
the Rochford
Tapestries,
an excellent series ofembroidered
panels that represented
all ofthe districts within Rochford.
This exhibition
drew in a large number
ofvisitors and went towards
raising our profile within the community.
After a two year negotiation
with the Nationai Trust and Southend
Museum
we have been able to create within the museum
the Rayleigh
Castle Timbers.
These timbers had been in storage with the National
Trust fora number ofyears and it was only through a chance meeting we
were able to complete those negotiations
and set up a Rayleigh Castle
Timbers Exhibition
with the opening
being attended
by the Lord
Lieutenant
ofEssex
With accreditation
it would give us the opportunity
to be allowed to
borrow displays
and artifacts from other accredited museums
so
enhancing
our ability to bring dNering
exhibitions
and displays to our
community
Unfortunately,
we have lost some vitai fundraising
activities but are
working to introduce a changing
programme
for the future incorporating
a
wide range oftalks and heritage events.
In summary
for asmall museum
totally operated by an excellent and
dedicated
group of volunteers
the last year has been our greatest
challenge and achievement
Finance Reserves Policy
Briefstatement ofthe As part ofour on-going
financial
sustainability,
we have a
charity's
policy on reserves
contingency/reserve
fund.
We aim to maintain
this to at least 10
p/c of
our annual
turnover to ensure we have a minimum
of6 months
operating
costs covered.
Details ofany funds
in deficit
materially We have sound financial controi and none ofour funds are in deficit.
Further financial
review details
(Optional information)
You may choose to
additional
information,
relevant about:
include
where
v
Principal
Funding Source
Rayieigh Town Council, Friends Support Group
Sponsorship
from local Trades and Organisations
Personal Benefactors, Retail Sales
~ the charity's
principal
sources offunds (including
Commercial
Hire,
Donations
from visitors to the Museum,
Specialist Talks and
any fundraising); Lectures.
~ how expenditure has Bequests
supported
the key objectives
ofthe charity;
Expenditure
All museum
expenditure
relates tothe costs and overheads ofrunning
~ investment
policy
and the operations ofthe museum
and purchasing
exhibits, where possible,
objectives including
any
and artefacts that are the key objectives ofthe charity
ethical investment policy
adopted. Investment
Policy
The museum
does not have an Investment
Policy as such, although
there isa Reserve Fund Policy that outlines
in detail any potential
future
investment
the cha
ma
need to aiford.
-
~
~ ~
~ .
~
.
~
2022
Notes Unresticted Restricted Total Total
Fund Fund Funds Funds
INCOMING
RESOURCES
Voluntary
income
7 26009 728 26737 28862
Activities for generating funds 2 10451 0 10451 9783
Total Incoming Resources 36460 728 37188 38645
RESOURCES EXPENDED
Fundraising
trading
3249 3249 3156
Charitable
Activities
36767 36767 39566
Totalresources
expended
40016 40016 42722
NET INCOME RESOURCES BEFORE
TRANSFERS -3556 728 -2828 -4077
Gross transfers
between
funds 6 0
Net incoming/(outgoing) resources -3556 728 -2828 -4077
RECONCIUATION
OF FUNDS
Totalfunds
brought forward
110278 8045 118323 122400
TOTAL FUNDS CARRIED FORWARD ~67 2 ~S7 1
49
11 32

AT 30JUNE 2023
2022
Notes Unrestricted Restricted Total Total
Fund Fund Funds Funds
FIXEDASSETS
Tangible Assets 70496 70496 70496
Heritage Assets 4589 4589 4589
75085 75085 75085
CURRENTASSETS
Cash at Bank 15144 0 15144 47286
Cash in Contingency 4524 0 4524 29
Reserve Fund Policy Target Minimum 22010
Cash in Hand 16
NET CURRENT ASSETS 41694 41694 47315
TOTAL ASSETSLESSCURRENT
LIABILITIES 116779 116779 122400
TOTAL NET ASSETS 226777 0 1224

ACTIVITIES FOR GENERATING
F
UNDS
Year ended Year ended
30June 2023 30June 2022
Fundraising events 5419 5855
Retail income 2337 2180
Sponsorships 2695 1748
10451 9783

4 TANGIBLE FIXED ASSETS
Improvements Fixtures and Computer Totals
to Property Fittings Equipment
COST
At 1July 2022 42372 25045 3079 70496
Additions 0 0 0 0
42372 25045 3079 70496
NET BOOK VALUE
At 30June 2023 42 7 307
At 30June 2022 42 72 ~24 ~74
5 HERITAGE ASSETS
MARKET VALUE
At 1July 2022 4589
Additions 0
NET BOOK VALUE
At 30June 2023
At 30June 2022
6 MOVEMENT
IN FUNDS
At1luly Net movement Transfers At 30June
2022 in funds between Funds 2023
Unrestricted
funds
General fund 110278 -3556 106722
Restricted funds
Rochford District Council 8045 728 8773
11 2 ~228 ~1495
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 36460 -40016 -3556
Restricted funds
Rochford District Council 728 728
~416

Yearended Year ended
30June 2023 30June 2022
RECEIPTS
Voluntary
Income
Donations
(including
Gift Aid) 26009 24879
Grants 728 3952
Activities for generating income
Fundraising
events
5419 5886
Retail income 2337 2180
Sponsorships 2695 1748
Total receipts 37188 38645
PAYMENTS
Fundraising
trading:
cost ofgoods sold, etc
Purchase ofgoods 1847 976
Cost of outings and events 1401 2169
Support Costs
Purchases 551 1199
Rent and rates 20307 18903
Insurance 2147 2812
Light and heat 5300 3195
Telephone
Equipment
Printing,
postage and stationery
Advertising
698
329
3072
728
700
4121
2689
1310
Sundries 220
Travel expenses
Volunteer travel and expenses
488 991
Computer
expenses
Renewals
and repairs
1534 1950
Cleaning
Covid Related Costs
- PPE and Ot her Equipment 280
0
296
41
Administration
costs
166 66
Computer
Expenses
Subscriptions
Credit Card Charges
237 643
11
Professional fees
Accountancy fees 700 650
Total Payments 40016 42722
~282 -4077

Risk Management
The Trustees have a duty to identify and review the risks to which the
Charity is exposed and to ensure appropriate
controls are in place to
provide reasonable assurance
against fraud and error. A number of
Policies and Procedures are in the process ofbeing reviewed.
This is
necessary as we are into our accreditation
work where a number
of
policies and procedures
becomes a part ofthe process for achieving
that
accreditation.
The Museum,
funded
initially
by a grant from the Heritage
Lottery Fund,
Rayleigh
Town Council and others, opened tothe general public on 9
April 2016.Dedicated
solely tothe history ofRayleigh,
the Museum
has
Summary
ofthe objects ofthe
charity set out in its
governing
document
acquired a large number of local artefacts, including
an t8th Century
Bow
Window, an original cinema projector, a scale working
model ofthe local
windmill,
an old pub sign, an original baker"s cart and a large amount of
ephemera,
including
original postcards,
newspapers,
books, Town
guides, maps and original documents
of all sorts, all with a direct
Rayleigh provenance.
The Museum
continues to receive a wide range of
Ra lei h related artefacts added to our archives.
Public Benefit
The Museum
is designed forthe benefit ofthe residents of Rayleigh of all
ages, those new to the town, long term residents, as well as those
visitors to Rayleigh
from the wider community.
The Museum
has fully
compiiant access for individuals
with special needs, both wheelchair
users and those with mobility issues, including a disabled toilet and
hearing
loop. The Museum
also has a mobile defibrillator.
There will be
those who view the exhibits asa social visit, others for family research
and those who wish to find out more about aspecigc aspect ofour towns
history.
Visitor numbers
now exceed 38,000+since opening
in 2016a significant
number fora small independent
town museum.
Summary ofthe main We work closely with the 8Primary and 2Senior Schools in Rayleigh
in a
activities undertaken for the range ofeducational
and community
activities. These inciude organised
public benefit in relation to school visits (both at the Museum
and in schools), in line with each
these objects (include within individual
school's curriculum.
In addition,
Guides/Brownies/Scouts/Cub
this section the statutory Scouts group's award badges and work placement
students.
declaration that trustees have We actively seek to recruit new volunteer
stewards,
for example, those
had regard tothe guidance wishing to return to work, as part oftheir skills set for prospective
issued by the Charity
Commission
on public
employers.
We are a Museum
for the whole community
and offer a diverse range of
benefit) activities and events both in the Museum and within the local area, to
raise awareness
and involvement
with our Town*s rich and varied history.
A number ofour stewards
and all Duty Supervisors
have appropriate
ongoing
training
and refresher courses to include basic first aid training,
tire extinguisher,
use ofthe defibrillator, as appropriate.
We offer a facility to hire the Museum
for non-heritage
'commercial'
meetings as an additional
source ofincome.
In addition a growing element ofthe Museums
events also include the
Heritage Walks that are held on a regular basis both for local community
groups as well as visitors to the town.
Some ofour volunteers
regularly
carry out visits to sheltered
accommodation
and historical societies
delivering
presentations
and historical stories tothose groups.
This is
rovin
to assist in raisin
additional
funds for the Musueum.

~ ~ ~
~
~
Summary ofthe main
achievements
ofthe charity
during the year
The recovery ofour presence
within the community
has continued
to
grow even with the rising cost ofliving. We have continued
with a number
ofprocedures we have in place to continue offering a safe environment
for our visitors and volunteers
alike. We continue to maintain a number
ofmeasures
including
sanitisation
stations and availability
ofmasks as
some vulnerable
individuals
still require the option to have those
amenities
in place.
Iwould like to concentrate
upon and highlight
what I,as Chair of
Trustees,
believe to be the biggest strength
and achievement
that any
organisation,
wholly
run by volunteers,
could have had over the past year
ofthis report.
Our volunteers
have continued
to show the commitment
to the Museum
and its presence
in the Town and they have worked
hard to continue to
prepare
plans, procedures
and preparations
should we return tothe
previous
diNcult period ofthe pandemic.
Without the volunteers
we
would not have survived
the days, weeks and months
when eventually
we could welcome our community
back into our museum.
Because of
this dedication
we have continued to be mindful ofthe need to project
funding
reductions,
rising costof living and through the Finance team
have been able to manage the budget to their credit determination
and
good management
outcomes.
We were pleased to welcome back to the museum
the Rochford
Tapestries,
an excellent series ofembroidered
panels that represented
all ofthe districts within Rochford.
This exhibition
drew in a large number
ofvisitors and went towards
raising our profile within the community.
After a two year negotiation
with the Nationai Trust and Southend
Museum
we have been able to create within the museum
the Rayleigh
Castle Timbers.
These timbers had been in storage with the National
Trust fora number ofyears and it was only through a chance meeting we
were able to complete those negotiations
and set up a Rayleigh Castle
Timbers Exhibition
with the opening
being attended
by the Lord
Lieutenant
ofEssex
With accreditation
it would give us the opportunity
to be allowed to
borrow displays
and artifacts from other accredited museums
so
enhancing
our ability to bring dNering
exhibitions
and displays to our
community
Unfortunately,
we have lost some vitai fundraising
activities but are
working to introduce a changing
programme
for the future incorporating
a
wide range oftalks and heritage events.
In summary
for asmall museum
totally operated by an excellent and
dedicated
group of volunteers
the last year has been our greatest
challenge and achievement
Finance Reserves Policy
Briefstatement ofthe As part ofour on-going
financial
sustainability,
we have a
charity's
policy on reserves
contingency/reserve
fund.
We aim to maintain
this to at least 10
p/c of
our annual
turnover to ensure we have a minimum
of6 months
operating
costs covered.
Details ofany funds
in deficit
materially We have sound financial controi and none ofour funds are in deficit.
Further financial
review details
(Optional information)
You may choose to
additional
information,
relevant about:
include
where
v
Principal
Funding Source
Rayieigh Town Council, Friends Support Group
Sponsorship
from local Trades and Organisations
Personal Benefactors, Retail Sales
~ the charity's
principal
sources offunds (including
Commercial
Hire,
Donations
from visitors to the Museum,
Specialist Talks and
any fundraising); Lectures.
~ how expenditure has Bequests
supported
the key objectives
ofthe charity;
Expenditure
All museum
expenditure
relates tothe costs and overheads ofrunning
~ investment
policy
and the operations ofthe museum
and purchasing
exhibits, where possible,
objectives including
any
and artefacts that are the key objectives ofthe charity
ethical investment policy
adopted. Investment
Policy
The museum
does not have an Investment
Policy as such, although
there isa Reserve Fund Policy that outlines
in detail any potential
future
investment
the cha
ma
need to aiford.
-
~
~ ~
~ .
~
.
~
2022
Notes Unresticted Restricted Total Total
Fund Fund Funds Funds
INCOMING
RESOURCES
Voluntary
income
7 26009 728 26737 28862
Activities for generating funds 2 10451 0 10451 9783
Total Incoming Resources 36460 728 37188 38645
RESOURCES EXPENDED
Fundraising
trading
3249 3249 3156
Charitable
Activities
36767 36767 39566
Totalresources
expended
40016 40016 42722
NET INCOME RESOURCES BEFORE
TRANSFERS -3556 728 -2828 -4077
Gross transfers
between
funds 6 0
Net incoming/(outgoing) resources -3556 728 -2828 -4077
RECONCIUATION
OF FUNDS
Totalfunds
brought forward
110278 8045 118323 122400
TOTAL FUNDS CARRIED FORWARD ~67 2 ~S7 1
49
11 32

AT 30JUNE 2023
2022
Notes Unrestricted Restricted Total Total
Fund Fund Funds Funds
FIXEDASSETS
Tangible Assets 70496 70496 70496
Heritage Assets 4589 4589 4589
75085 75085 75085
CURRENTASSETS
Cash at Bank 15144 0 15144 47286
Cash in Contingency 4524 0 4524 29
Reserve Fund Policy Target Minimum 22010
Cash in Hand 16
NET CURRENT ASSETS 41694 41694 47315
TOTAL ASSETSLESSCURRENT
LIABILITIES 116779 116779 122400
TOTAL NET ASSETS 226777 0 1224

ACTIVITIES FOR GENERATING
F
UNDS
Year ended Year ended
30June 2023 30June 2022
Fundraising events 5419 5855
Retail income 2337 2180
Sponsorships 2695 1748
10451 9783

4 TANGIBLE FIXED ASSETS
Improvements Fixtures and Computer Totals
to Property Fittings Equipment
COST
At 1July 2022 42372 25045 3079 70496
Additions 0 0 0 0
42372 25045 3079 70496
NET BOOK VALUE
At 30June 2023 42 7 307
At 30June 2022 42 72 ~24 ~74
5 HERITAGE ASSETS
MARKET VALUE
At 1July 2022 4589
Additions 0
NET BOOK VALUE
At 30June 2023
At 30June 2022
6 MOVEMENT
IN FUNDS
At1luly Net movement Transfers At 30June
2022 in funds between Funds 2023
Unrestricted
funds
General fund 110278 -3556 106722
Restricted funds
Rochford District Council 8045 728 8773
11 2 ~228 ~1495
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 36460 -40016 -3556
Restricted funds
Rochford District Council 728 728
~416

Yearended Year ended
30June 2023 30June 2022
RECEIPTS
Voluntary
Income
Donations
(including
Gift Aid) 26009 24879
Grants 728 3952
Activities for generating income
Fundraising
events
5419 5886
Retail income 2337 2180
Sponsorships 2695 1748
Total receipts 37188 38645
PAYMENTS
Fundraising
trading:
cost ofgoods sold, etc
Purchase ofgoods 1847 976
Cost of outings and events 1401 2169
Support Costs
Purchases 551 1199
Rent and rates 20307 18903
Insurance 2147 2812
Light and heat 5300 3195
Telephone
Equipment
Printing,
postage and stationery
Advertising
698
329
3072
728
700
4121
2689
1310
Sundries 220
Travel expenses
Volunteer travel and expenses
488 991
Computer
expenses
Renewals
and repairs
1534 1950
Cleaning
Covid Related Costs
- PPE and Ot her Equipment 280
0
296
41
Administration
costs
166 66
Computer
Expenses
Subscriptions
Credit Card Charges
237 643
11
Professional fees
Accountancy fees 700 650
Total Payments 40016 42722
~282 -4077