REGISTERED CHARrfY NUMBER: 1168613 REPORT OF THE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR FLEETWOOD MUSEUM TRUST Jones Harris Limited Chartered Accountsnts 17 St Peters Place Fleetwood Lan&qshire FY7 6EB
FLEETWOOD MUSEUM TRUST CONTENTS OF THE FINANCL4L STATEMENTS for the year end¢d 31 March 2024 Page Report of the Truste¢s I to 4 Independenl Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Flnaneial Statements 8 to 14 Detailed Statem¢nt of Ffinancial Activities 15 to 16
FLEETWOOD MUSEUM TRUST REPORT OF THE TRUSTEES for tbe year ended 31 Mareh 2024 The tTUStees prellt their report the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable to charities prep2ring their accounts in accordance with the Fiaancial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) (effective l January 2019). Objectlv¢s and afims The Charitys objective5 are to advance the education of the public by the establisbment and maintenance of a museum and asSlted artefacts. The charity's aim is to educale the young, remind th¢ old and inspire future generations. It is also integral to the heart of the community and offers a warn) and friendly welcome where visitors Can learn. engage and belong. ACHIEVEMENT AND PERFORMANCE Charitable activities It has been another busy and successthl year for Fleetwood Museurn Trust. We have seen our highest visitor numbers since taking over the governance of the museum in 2018, ajmost 20,(XIO visits. These include 1,300 visits on school trips with sttucttwed events. We welcome coach visits from variow orgatiisations and evening visits from local scout groups. Tbe museum is supported by over 80 local volunteers, without whom we could not operate. Unfortunately, our Manager, employed Since Fleetwood Museum Trust took over the rllnnI of the musewn in 2018. d¢¢ided in May 2023 to move on to 'pastures new, and improve on his capabilitie8. Even afty two rounds of museum interyiews we were unable to find a suitable replacement, so our Collections assistsnt, to whom we extremely grateful, stepped up to take on the extra Workloa helped by the Trustees ts)ok on extra responsibilities to keep the museum open. As mentioned in our 2022 - 2023 report, the neighbouring house to th¢ museum, No. 8 Queen's TeTr8ce. one of the fllst houses in th¢ towi arAd largely Original. went on the market and was purcllased by the museum just prior to our year en using restticted reserves. A small UKSPF granl received early 2024 will start a long-frrn] restoration of the house. In early 2024. work $tart¢d by the Collections Assistant and volunleers has uncovered some origmai features and will enable public visits to thi5 late 1830s property a5 part of the museum visit, hopefilly by summer 2024. Also WOTk on the densely overgrown back garden has begun. In the main mus¢um, during the closed winter season, decordting was done and a few changes made in various roorns. Th¢ main ¢on¢entrauon in the museum was to remove unwanted items (not donated iterns) and rubbish that had accurnulaled throughout the museum and boat hall over nwiy years - even when Under Lancashire County Council (LCC) occupation. Four skips were filled and now we have a d¢cent size, dry, basement TOOM to be used for slorage once shelving has been purchased. Also. during the closed winter months. the volunteers continued to our pre-loved book thop two days a week which brought in extra incorne. Many visitOTS weTe gratrful that this continued. We held a free 'get-togethee event in January including food and enlerlainment as a 'thaDk you, to the volunteers for supporting ihe museum through the previous se&son. C¢rtifi¢ates and badges were handed out in recognition of their service. Between January to end of March the museum was also opened one day a week foT a few hours for volunteers to meet up, have a drink and a chat with each other. The tn has ntinUed to re¢¢ive donated collections of local significance. These are accessioned to the trnsvs own collection as dislinci from the items on loan from the iancashire County Council collection which are nged by u5. Page I
FLEETWOOD MUSEUM TRUST REPORT OF THE TRUSTEES for the year ended 31 M#reh 2024 ACHIEVEMENT AND PERFORMANCE FuDdrgi$ing activitles Our public progravnme of Tcgular events this yr in conjunction with the 'Fricnds of Fleetwood Museum, included guided walks, historical talks, monthly Folk music sessions. well attendcd coffee mornings, miniature Harp classes and children's eraft sessions. A special drop-in session look place on Fleetwood beach with help from community parthers, involving over foty people in thc local community creating a teMrary large-scale artwork with fabulous drone footage. The muscum has facilitated local aTts and community groups including Beehive, thc Tram Sunday Fc5tival Committee, Fleetwood Day conllnitlee, Fleetwood Historical Societys monthly talks during the winter and occasionally FleetW(MxI Civic Society. Special events were very popular, including a Nostslgia Night, showing old pictures of the town, including the fishing industy, was highlighted by an interview with a reiired fhernian of fifty years, who 15 now a regular volunteer at the museum. Also events were held celebraling 'Lan¢Ashire Day, and 'St Patrick's Day, offsite. OUT 'Chtistmas Aftemoon T¢a' and a 'Decirnus Burton, celebration day were held wiihin th¢ museum. From money raised through these social events. tbe Friends of the Museum are able to make donations to the Tt toward% equipment and gallery refuTbishmenL These activities have added to how the museum makes a significant difference to the lives of local people, who make vital contribution to the museum's lldIng through the attnual precepl. As a 'thank you, the museurn ptovided free visits for Fleetwood residents during the month of August. We also opened our doors over two days for the publi¢ to gain free enty during'Heritage Open Days, in September. The museum. as the principal stakeholder for heritage and culture in the town. is designated as the lead OTgani8ation in a consortium of local arts and community gr()ups. We continucd to Co-ordinate the four-yeaT £1 00,000 Herilage Action Zone Cultural Consortium progran]mc celcbnting Fleelwood's heritsg¢. Part of this programme. in Decembcr. was lo scc aTeay of the lit-up with illuminated artwork - bringing new dynamism and Golvur to public spaccs. Through this role on the town 5tcering group tbe museum has been able to securc UK Social Prosperity Funding (UKSPF) for future heritage projects. Exterior refurbishmenl of the Grade 2 li5tcd building has continued with monie.4 raised to cover shortfalls from the original dilapidations funding al handover in 2018. Working closely with Wyre Council and their Heritage Officer. an Historic Ellgland Heritage Actions Zone (HAZ) grant of £41.000 restored the South clcvation to its 1839 original state, and re-roofed the oldest roof on the original Customs House and completed structural repairs. A small anwunt of fijllding 15 still held towards a fvture £250,000 project to improve the boat-hall for the LCC'S two histori¢ vessels on site. Th¢ fiT8t stage was to remove an extensive concrete stcture, inherited from Lancashire County Council days. in the area at the rear of the museum building. The removal, which w&8 delayed by a few months, eVenttlY took place after the museum closed for the winter. This has finally allowed the b&8ement rooms of the museum to start thying out as the strncrnre was built up to th¢ museunl wall. Page 2
FLEETWOOD MUSEUM TRUST REPORT OF THE TRUSTEES for the year ended 31 March 2024 FINANCIAL REVIEW Ffinancial position The museum received grauts and donations: Apart from the £41,000 grant mentioned earlier, we received £31)00 from Trinity House to complete a proje¢l on Fleehvood's offshore lighthouse, £5000 from a local charity which was winding down and a £20,000 anonymous donation. Another lovely surprise was a refund of just over £6000 on Council T Business Rates due to a Teovalualion. The museum continues to be core llded by the people of Fleetwood through a precept rnised by the Town c0ClI, at the level set in January 2016. Without this fimding the museum could not employ stsff or cover a significant proportion of operational costs. The ndillg has to be supplemented by incred revenue from admissions and café, gift and book sal¢s and donations. The increase in visitor numbers improved our income, but the extortionate cost of Gas and Electric took ils toll, even though with great difficulty we managed to be granted the extra ETII certificate (with being a mseUM). on top of the EBDS allowance, 10 reduce the pri¢¢s. Maybe, luckily, with not paying an extra wage. expenditure was reduced and we Managed to survive the year. ID addition to the allts and funds listed above, the museum conlinues to hold fidS for particulaT projects designated by funders and donors., the Jacinta Trust fimds are to be used on fvttwe deep sea trawling and 'Jacinta' inte[ClatIOn and will match-fjmd part of the boat-hall proje¢t in due course. the retained 2017-2018 precept is ringfenced to projects agreed in 2019 and is not lo be used for running costs" the Cultural Consortium grant is held on behalf of members of the consortium- this project is expectsd to be completely finalised in 2024. Reserves poliey The the airns to maintain sufficient reserves to cover operating costs. A fLWther Teserve had accrued for winding up cosls to cover obligations for the return of the museum lease and collections. In a¢cordance with charity guidelines, the trusl in reviewing ils reserves poli¢y, agreed to invest this latter reserve in the purchase of the neighbouring propety as it's future would be consistent with the charity's objects and aims. Recovery of this reserve through sale will take as long as the notice periods iti our lease and collections agreement. Unrestricted reserves total £234,992 at the year end (2023 - £199.366) of which £66,552 were free res¢rve8. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a consititution. It is registered a5 a Charitable Incorporated Organisation (CIO). REFERENCE AM) ADMINISTRATIVE DETAILS R¢gtstered Charity number 1168613 Prinefipsil address 6-7 Queens Terrace Fleetwood Lancashir¢ FY7 6BT Trus¢ee5 K Port¢T Mrs S C Porter R Gilbngba M Turner Mrs S Alderson C C MacKeith (resigned 19.3.24) D H Pearce T J Rogers Trnstee Mrs J Nelson (appointed 5.3.24) Page 3
FLEETWOOD MUSEUM TRUST REPORT OF THE TRUSTEES for the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS IDdepend¢nt Erniner Jones HTi8 Limifrd Chartered Accountants 17 St Peters Place Fleetwood Lanwhire FY7 6EB Approvedby order ofthe board oftrnstees on................ ....... . . and sigued on its behalf by: K Porter- Trustee Page 4
INDEPEIYDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF FLEETWOOD MUSEUM TRUST Independent examinèr's report to the trustees of Fleetwood Museum Tt I report to the charity tntstees on my examination of the accounls of Fleetwood Mu5eurn Trst (the Trust) for the year ended 31 March 2024. Responsibilities And basis of Teport As the Chlty ITUStees of the Trust you are responsible for the preparation of the accounts in aCCOTdance with the requIrcnnts of thc Charities Act 2011 Cthe Act,). I report in respect of my examination of the Trnst's accounts wried out under Section 145 of the Act alld in canying out my examination I have followed all applicable Dircctions given by the Charity Corllmission under Sertion 145(5)(b} of the Act. Independent examiner's 5tstement T havc complcted my examination. I confirni that no material matters hav¢ rome to my attention in conneclion with the examination giving me ¢ause to believe that in any material respect: accounting rKords were not kept in respect of the TTUSt as required by Section 130 of the Act. OT the account5 do nol accord with those records. or th¢ accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the chltieS (A¢¢ount8 and Reports) Regulations 2008 other than any requirement that the accounts give a tn and fair view which i5 not a matter considered &q part of an independent examination. I have no concerns and have come across no oiher matters iti connection with the examination to which attention should be draiffl in this report in order to enable a proper understanding of the ac¢ounts to be reached. Paul Daley ATT Jones Harris Limited Chartcrcd Accountants 17 St Peters Place Fl¢etwood Lancashi FY7 6EB Page 5
FLEETWOOD MUSEUM TRUST STATEMENT OF FINANCIAL ACTIVITJES for Ihe year ended 31 March 2024 2024 Tota] funds 2023 Total fimds uestricted fund R¢stri¢ted fiLn(ts Notes INCOME AND ENDOWMENTS FROM Donations and lega¢ies 93.635 65,714 159,349 188,291 Charitable actlvltles Museum 10,654 10,654 10,077 Other trading activities Investment income 31.470 31,470 27,579 1,299 Total 138,825 65,714 204,539 227,246 EXPENDITURE OIY Raising funds 8,967 8,967 6,942 Charitable activiile$ Museum 94,698 108.238 202,936 275.010 Total 103.665 108,238 211,903 281.952 NET INCOMEIIEXPENDITURE) TrnDsfers between funds 35,160 466 {42,524} (466) (7,364) (54,706) 13 Net movement in funds 35,626 (42,990) (7.364) (54,706) RECONCILIATION OF FUNDS Total fimds brought fonvard 199,366 224.444 423,810 478,516 TOTAL FUNDS CARRIED FORWARD 234,992 181.454 416,446 423.810 The notes form part of these financial statements Page 6
FLEETWOOD MUSEUM TRUST BALANCE SHEET 31 M*r¢h 2024 2024 Total funds 2023 Totsl fimds Unrestrirt¢d fimd Restricted funds Notes FIXED ASSETS Tangible assets 168,440 168,440 169,885 CURRENT ASSETS Stocks Debtors Cash at bank and in hand io 5,512 1,408 63,302 5,512 1,408 244,756 4,722 1,379 251,164 181,454 70,222 181.454 251,676 257,265 CREDITORS Amounts falling due within one year 12 (3,670) (3,670) (3,340) NET CURRENT ASSETS 66,552 181,454 248,006 253,925 TOTAL ASSETS LESS CURRENr LIABILITIES 234.992 181,454 416,446 423,810 NET ASSETS 234,992 181,454 416,446 423,810 FUNDS Unr¢stricted fiLnds Restricted funds 13 234,992 181,454 199,366 224,444 TOTAL FUNDS 416,446 423,810 The fina cial statements were approved by the Board of Trustees and authoris¢d for issue . and were signed on its behalf by.. K Porter- TTUStee The notes forni part of these fmancial statements Page 7
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENrs for thè year ended 31 March 2024 CCOUNTING POLICIES B2s1s of preparing the fmaneial ststrments The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared ID accordance with the Charitie5 SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their ac¢ounts in accordance with the Financial Rq)orting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 Yhe Financlal Reporting Standard applicable in the UK and Republic of Ireland, ar the Charities Act 2011. The financial slalements have been prepared under the historical cost Conventio The Ite¢S have prepared the accounts on the going concern basis and confirni that there are no issues arising with regard to going concem of the charity. Income All income is recognised in the Siatement of Financial Activilies once the charity has entitlement to the funds, it is probable that the income will be received and tbe amount Can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or ConstCtIVe obligation committing the charity to that expenditLtre, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation ¢an be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. IM]ere costs cannot be dirKtIy attributed to parti¢ulaT headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the following annual rates in order to writs off each asset over its estimated useful life. Fixthres and fitting5 Computer equipment 25Q/ts on cost 330/0 on cost Stocks Stocks are valued at the lower of cost and net realisable valu¢, after making due allowance for obsolete and slow moving items. Taxation The Charity is exempt from tax on its chaTitable activities. Fund a¢counting Unrestiicfrd funds can be used in accordance with the charitable objective8 at the discretion of th¢ trustees. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. RestTi¢tions arise when specified by the donor or when funds are raised forparticular r¢stri¢ted Purposes. Further explanation of the nature and purpose of each fLmd is included in the notes to the financial statements. Pension costs and other post-retirement ben¢tlts The charlty operates a defined contribution pension scheme. Conlributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. Page 8 continued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢onthiued for the year ended 31 March 2024 DONATIOIYS AND LEGACIES 2024 2023 Gifts Donations Grants 238 33257 125,854 296 4,211 183,784 159,349 188,291 OTHER TRADllYG ACTIVITIES 2024 2023 Fundraising events Shop income Cafe takings 991 15,183 15.296 J,221 14,098 12260 31,470 27.579 INVESTMENT IIYCOME 2024 2023 Deposit account interest 3,066 1.299 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Museum Admissions 10,654 10,077 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjstees, remunerdtion or other benefits for the year ended 31 March 2024 nor for the y¢aT ended 31 March 2023. Trn$tses' ¢xpenses There were no 1ntstees' expenses paid forthe year ended 31 March 2024 nor for the ycaT ended 31 March 2023. STAFF COSTS The averdge monthly number of employees during the year was as follows: 2024 2023 Management No employees received emoluments in excess of £60.000. Page 9 ontinued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMEKfs- continued for the year ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestTi¢led fimd Restricted filnds Total funds INCOME AND EIYDOWMENTS FROM Donations and legacies 94.016 94275 188,291 Ch4ritable 4Ctlvltles 10,077 10,077 Other trading activities Investment income 27,579 1.299 27.579 1,299 Totsl 132,971 94,275 227,246 EXPENDITURE ON Raising funds 6,942 6,942 Charitable aCtities Museum 153,526 121.484 275,010 Total 160,468 121.484 281,952 PIET INCOMEIIEXPEIYDITURE) Transfers between ndS (27.497) (15,759) (27,209) 15,759 {54.706) Net movement in fund$ (43,256) (11,450) {54,706) RECONCILIATION OF FUNDS Total fLmds brought forward 242,622 235.894 478.516 TOTAL FUNDS CARRIED FORWARD 199,366 224,444 423,810 TANGIBLE FIXED ASSETS Fixtures and fittings Frtthold property Computer equipment Totals COST At l April 2023 aTJd 31 March 2024 166,995 13.737 181,632 DEPRECIATION At l April 2023 Charge for year 10,847 1.445 11.747 1,445 At 31 March 2024 12,292 900 13,192 NET BOOK VALUE At 31 March 2024 166.995 1,445 168,440 At 31 March 2023 166,995 2.890 169.885 Page 10 continued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENfs - continued for the yevdr ended 31 March 2024 io. STOCKS 2024 2023 Sto 5,512 4,722 ii. DEBTORS: AMOUNTS FALLIPIG DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 1,408 1,379 12. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Other creditors 3,670 3.340 13. MOVEMENT IN FUNDS Net movement in fimiL8 TrnfeTS bctwccn funds At 3113124 At 114123 Unrestricted funds General fimd 199.366 35.160 466 234,992 Restricted funds Dilapidations Waving not droivning Improvements Heritage Action Zone Jacint& Charitable Trust Heritsge Action Z4)ne building works Boatshed Haldane Fund Haniet Fund MDNW Art Fund Trinity House Warren Farn] 466 2,256 59,435 31,487 69,220 (466) 2.256 50,880 26 69.220 4,611 43.690 (8.555) (31,461) 4,611 43,690 13,900 1.912 2,078 (13.900) 859 {2,078) 3,000 5.000 2.771 3,000 5.000 224,444 (42,524) (466) 181,454 TOTAL FUNDS 423,810 (7,364) 416,446 Pagell continued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - conllnued for the y¢aT ended 31 March 2024 13. MOVEMENT IN FUNDS - eonrfnued Net movement in fund4 inc]uded in the above are as follows: Incoming resources Resouwes expended Movement in fimds Unreslricted funds General fLmd 138,825 (103.665) 35,160 Restrlcted funds Improvements Heritage Action Zone Heritage Action Zonc building works Haldane Fund HaTtid Fund MDNW Art Fund TTi]Jity House Warren Fami (8,555) (46,461) (37.244) (13.900) (8,555) (31.461) 4,611 (13,91M)) 859 (2,078) 15,(M)O 41,855 859 (2,078) 3.000 5.000 65,714 (108.238) (42.524) TOTAL FUNDS 204.539 (211.903) (7.364) Comparatlvu for movenjent in funds Net movement in fimds Transfers between funds At 3113/23 At 114122 Unrestricted funds General nd 242,622 (27,497) (15,759) 199,366 Restrirted funds Dilapidations Waving not drowning Improvements Heritage Action Zone. Friends of FM Jacinla Charitable Trust Heritsgc Action Zone building works Boatshed Haldane Fund HwTiei Fund MDNW Art Fund 466 2256 60,400 37,883 4254 70,000 60,635 466 2.256 59.435 31,487 {965) (6,396) {4254) (780) (76,394) 43,690 13.900 1.912 2,078 69,220 15.759 43.690 13,900 1.912 2,078 235,894 (27,209) 15.759 224,444 TOTAL FUls 478,516 (54.706) 423,810 Page 12 Continued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMEprrs- continued for the year end¢d 31 March 2024 13. MOVEMENf IN FUNDS- continued Comparative net n)ovement in nds, included in the above are as follows: Incoming resources Resources expended Movement in fvnds Unrestrlcted funds General fund 132.971 {160,468} {27,497) Restrictsd funds Improvements Heritage Action Zone Friends of FM lacinta Charitable TT$t Heritage Action Zone building works Boatshed Haldane Fund Harriet Fund MDNW Fund {965} (36,396} (4.254) {780} (76.394} (965) (6,396) (4254) (780) (76,394) 43.690 13.900 .912 2,078 30.IM)O 43.690 13,91)0 2,185 4.500 {273} {2,422} 94275 {121,484} (27209) TOTAL FUNDS 227.246 (281,952} (54,706) A current year 12 months and ptior year 12 months conthined position is as follow5: Net movement in funds Transfers between funds At 3113124 At 114122 unrtrICted fundg General fund 242,622 7,663 (15,293) 234,992 Restricted funds Dilapidations Waving noi drowning In)provements Heritage Action Zone Friends of FM Jacinta Charitable Trust Heritage Action Zone building works Boatshcd Harriet Fund Trinity House (466) 2,256 60,400 37,883 4,254 70,000 60.635 2,256 50,880 26 {9,520) {37.857) {4254) (780) {71,783) 43,690 2.771 3,000 5.000 69220 4.611 43,690 2,771 3,01 5,000 15,759 235.894 (69,733) 15.293 181,454 TOTAL FUNDS 478,516 (62,070) 416,446 Page 13 continued...
FLEETWOOD MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS- Continued for the year ended 31 March 2024 13. MOVEMENT IN FUNDS - ¢ontinued A current year 12 months and PriOT year 12 months combined net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in fimd8 Unrestrirted funds General fund 271.796 (264,133) 7,663 Re5trieted funds Improvements Heritage Action Zone Friends of FM Jacinla Charitable Trust Hetitage Adion Zone building works Boatshed Haldane Fund HaTriel Fund MDNW Art Fund Trinity House Warren Farm (9,520) (82,857) (4,254) (780) (113,638) (9,520) (37.857) (4,254) {780} (71.783) 43,690 45.000 41,855 43,690 13,900 (13,900) (273) (4,500) 2,771 4,500 3,000 5.01)0 159.989 (229,722 } (69.733) TOTAL FUNDS 431.785 (493,855) (62.070) 14. RELATED PARTY DISCLOSURES There were no related paty tr)SaCtionS the year ¢nded 31 Marcb 2024. 15. RESTIUCTED FUNDS The restricted funds includ¢ the following Matla1 funds - Fleetwood TOTr Council Improvement Fund - funds received for conserving and managing collections of local and national significance, works to put tbe ma11 on display and to redevelop the museum in a series of phased works. Wyre Borough Council HAZ Fund - fijnds received for HeTitage Action Zon¢ to cary out building work to the building. Jacinla Charitable Trust - Donalion e1Ved towards extending the boat hall and r¢vamp of the Deep Sea Gallery in order to display Jacinta se¢tions and material. Lancashire County Council BOatSh Fund - Match funding lowards Boatshed project to improve the boal-hau for the Countys two historic vessels on site. Russ¢ll Haldane Fund - Donation towards the cost of the Boatshed projert. Harriett Fund- Funds for interpretation of the'Haniet', one of the two county owned vessels on the site. MDNW Art Fund- Funds towards the'orientstion, gallery works. Trinity House Fund- Funds received to Complete a project on Fl¢¢twood's offshore lighthouse. WaThen Fam) Fund- Restricted funds received from a fomer Charity. Page 14
FLEETWOOD MUSEUM TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the yw ended 31 March 2024 2024 2023 INCOME AND EIYDOWMENtS Donallons and l¢g2¢ies Gifts Donations Grants 238 33,257 125,854 296 4211 183,784 159.349 188,291 other tradlng activities Fundraising events Shop income Cafe takings 991 15,183 15,296 1221 14,098 12,260 31,470 27,579 Investment income Deposkt account interest 3,066 1,299 Charitable activities Admissxons 10,654 10,077 Tolal In¢omlng resourees 204,539 227,246 EXPENDITURE Other trading activities Opening stock Purchases Closing stock 4,722 9,757 (5,512) 4,788 6,876 (4,722) 8,967 6,942 Charltable #cthfjdes Rates and water Insurance Light and heat T¢l¢phon¢ Postage and ststionery Advertising SUnles Repairs and renewa]s Cleaning Exhibition malerials Fixtures and fittings Computer equipment {1,732) 6,000 34.499 1,05 211 3.021 2.887 73,018 2,569 50,565 1.445 3,461 5,122 30,922 1,145 317 2,331 4.228 127,448 2.349 46,804 1,674 173,534 225,803 Support costs This page does not fonn part of the statutory financial statements Page 15
FLEETWOOD MUSEUM TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year cnded 31 March 2024 2024 2023 Support costs Finance Bank charges 857 837 Governanee costs Wages Pensions Accountan¢y and legal fees Professional fees 26229 568 1.500 248 45,894 1,002 1.140 334 28.545 48370 Total resources expeJ)ded 211,903 281,952 Net expenditure (7,364) (54,706) This page does not form part of the ststutory financial statements Page 16