REGISTERED COMPANY NUMBER: 09649512 (England and Wales) REGISTERED CHARITY NUMBER: 1170043 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR BURSLEDON BRICKWORKS MUSEUM TRUST Rothmans LLP Avebury House St Peter Street Winchester Hampshire S023 8BN
BURSLEDON BRICKWORKS MUSEUM TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 18 Detailed Statement of Financial Activities 19 to 21
BURSLEDON BRICKWORKS MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The Bursledon Brickworks Museum Trust is a Company Limited by Guarantee and was registered as a charity by the Charity Commission on 4 November 2016. A lease with the owners of the site The Hampshire Buildings Preservation Trust {"HBPT'I was signed on 18 January 2017. effective from 1 April 2016. The Trust continues to engage in the conservation of the buildings and promotion of the Brickworks Museum as a visitor attraction. General Year 2024 was another busy year for our team at the museum. Although our visitor numbers stayed roughly the same as last year we had lots going on. Volunteer numbers have remained stable with a few new arrivals. The skills level of our volunteers seems to continually increase which is excellent. We were nominated for the Kings Award for Volunteering and were successful. This was a huge achievement and well deserved. The top end of the site was sold as part of the New Foundations Project. This is an enabling development designed to rescue our derelict drying sheds. Building work on both the housing at the top end of the site and the drying sheds started during the year and will be completed during 2025. The upheaval at our main gates has been more disruptive than expected and may well have affected our visitor numbers. This year the café was taken over by a company called Event Themes. They also hold events in the museum and hire out spaces on a commercial basis on our behalf. They also promote the site for weddings and on the strength of their work we now have five booked in for 2025. The other company we work closely with is Torchlight Tours. They help with paranormal investigations, run a very successful escape room on site as well as hosting murder mysteries. Events We continue to run our regular Museum in Steam events which are an important part of our income stream. We also hosted six Lego events during the year. The annual beer festival was held again with great success and fully enjoyed by all who came. We also attended a variety of outreach events ranging from village shows to the Southampton University Arts and Humanities Day. These are a great opportunity to raise awareness locally. Projects The repair of the kiln roof was completed in April 2024 and we opened the new interpretation in May. For the first time visitors are able to walk up onto the fuelling floor and understand how the kiln was kept burning. The art project for 2024 was undertaken with help from a grant from the Imperial War Museum. The installation was film based and was opened in July. It reflected work that we had undertaken with local residents on the re-building of Southampton after World War11. Other projects include building a new display building for the Downton Brickworks. When Downton finally closed in year 2000 all the machinery came to us and will be displayed altogether. We have been helped with a very generous private donation to undertake this work. Page 1
BURSLEDON BRICKWORKS MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Public benefit The Trustees of the Bursledon Brickworks Museum Trust are aware of the published Guidance of the Charity Commission on Public Benefit and take that into account in encouraging the public to engage with this significant heritage asset. Visitors experience the history of the site and the history of brick making generally. Activities are included for all ages to help with engagement. School visits are encouraged as are specialist interest groups such as the University of the Third Age (U3A) and local history societies. In particular the Brickworks Museum has continued to be successful in offering opportunities to people of all ages who have a disability or disadvantage to become involved in learning and creative activity. During 2024 the museum had four volunteers with varying disabilities. Most of them are younger than the average age for volunteering, have suffered brain injuries and the others have learning difficulties. They work in teams alongside the regular volunteers. In commenting on proposals of change to historic buildings the Trust considers that public access should be afforded, where possible, to experience and learn of heritage significan. FINANCIAL REVIEW Financial position The financial result of the Trust for the year ended 31 Dember 2024 was a Net Expenditure of £16,766 (2023.. Net Expenditure £20,890). This £4,124 improvement in the result from the previous year has primarily arisen from net overhead cost savings of £8.000 {£4,000 reduced staff costs. £3.000 lower insurance premium, £3,000 savings on repairs and maintenan, but partiy offset by £2,000 higher power costs) being slightly offset by £1,000 lower income {£2,500 down on shop and miscellaneous sales partly offset by £1,500 improved income from the annual beer festival). The final contributor to the result is a worsening of £2,500 being a lower favourable release of grant income to unrestricted funds in the year compared to year 2023. The Trust received several grant awards during the year the largest of £45,000 being the final instalment from Hampshire County Council for the kiln roof project. Another final instalment was £5,000 from the Imperial War Museum for our art installation. New grant funding was received for the Education and Biodiversity project £3,000 from Bristol City Council and there were private donations for the Downton Brickworks £13,000 and a total of £3,000 for other small projects. The Net Assets position at 31 December 2024 was £84,762 (2023: £101,528), which relates to Unrestricted Funds (2023.. Unrestricted Funds). Looking ahead to the year 2025 and beyond the key emphasis of the Board is to continue the financial recovery in the post-pandemic period coupled with an aim to generate moderate annual profit surpluses in future years. The surpluses can be reinvested into improvements to the infrastructure of the site to ensure the long-term viability of the buildings and the Museum sustainability and to enhan the overall visitor experience. The budgeted result for 2025 is a loss of £10,000 which would be a £6,500 improvement on 2024, but the target will be with best endeavours and new initiatives to improve on this and achieve a break-even result. This is likely to be helped by the completion mid 2025 of the significant New Foundations Project restoring derelict drying sheds which are planned to be used to generate a regular income from hire and exhibition space. In the short to medium term new commercial income SoUrS are being considered and planned to complement the regular sources of income from admissions and site hire. Reserves policy The policy was last updated in 2020, and reserves are held for- Restricted Funds, grants to the Brickworks Museum from funding bodies for museum project expenditure - A contingency of one yearfs regular annual budgeted income of the Trust Match funding for future projects of the Trust Page 2
BURSLEDON BRICKWORKS MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Going concern The Trustees at each Board meeting are briefed in detail on the progress of the transactions, the current balances, the levels of reseNes. and any future liabilities. On that basis. the Treasurer alerts the Trustees to anything that might indicate that the charity is not likely to become a going concern. The Trust's adoption and implementation of its Business Plan gives increased confidence that Bursledon Brickworks Museum Trust is likely to remain solvent and there are limited uncertainties of this charity's ability to continue. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Company is limited by guarantee (company number 09649512) as defined by the Companies Act 2006 and governed by a memorandum and articles of association and does not have any share capital. It is registered by the Charity Commission as charity number 1170043. Overall responsibility is in the hands of the trustees. Recruitment and appointment of new trustees During the year there was one trustee resignation and no new appointments of trustee. The policy of trustee recruitment is a formal process of identifying skill gaps and advertising the vacancies. This policy will be applied for future recruitment as and when the situation arises. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09649512 (England and Wales) Registered Charity number 1170043 Registered office Bursledon Brickworks Museum Coal Park Lane Swanwick Southampton Hampshire S0317GW Trustees Mrs E D Bell Retired D M Hubbard Retired Mrs M P Johnston Retired P R West Retired Accountant T D l J Bristow Director A G Upton Retired Dr G W Roberts Curator A M Elford Retired K M Aldis CEO J Sullivan Director {resigned 24.9.24) N J Bryant Retired Mrs P A Cameron Watt Retired (resigned 7.5.25) Mrs S L Hillyear Director J A Bevis Retired {resigned 20.5.25) Page 3
BURSLEDON BRICKWORKS MUSEUM TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Rothmans LLP Avebury House St Peter Street Winchester Hampshire S023 8BN EVENTS SINCE THE END OF THE YEAR Information relating to events since the end of the year is given in the notes to the financial statements. TRUSTEES, RESPONSIBILITY STATEMENT The trustees (who are also the directors of Bursledon Brickworks Museum Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2210912025 Approved by order of the board of trustees on . and signed on its behalf by.. P R West - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BURSLEDON BRICKWORKS MUSEUM TRUST Independent examinerfs report to the trustees of Bursledon Brickworks Museum Trust I'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act')- In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) {b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe" accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records., or 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practi 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. Jonathan Poulter FCA CTA Rothmans LLP Avebury House St Peter Street Winchester Hampshire S023 8BN Date.. 22 September 2025 Page 5
BURSLEDON BRICKWORKS MUSEUM TRUST STATEMENT OF FINANCIAL ACTniiTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 8,108 115,899 124,007 276,072 Charitable activities Museum 47,980 47,980 47,805 Other trading activities Investment income Other income 6,405 2,639 35,669 6,405 2,639 35,669 7,014 2,948 35,987 Total 100,801 115,899 216,700 369,826 EXPENDITURE ON Raising funds 379 379 1,757 Charitable activities Museum 117,796 115,291 233,087 388,959 Total 118,175 115,291 233,466 390,716 NET INCOMEI{EXPENDITURE) Transfers between funds (17,374) 608 608 (608) (16,766) (20,890) 14 Net movement in funds (16,766) (16,766) (20,890) RECONCILIATION OF FUNDS Total funds brought forward 101,528 101,528 122,418 TOTAL FUNDS CARRIED FORWARD 84,762 84,762 101,528 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activits-es. The notes form part of these financial statements Page 6
BURSLEDON BRICKWORKS MUSEUM TRUST BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets Investments 2.561 6,178 8,739 9,661 2,562 6,178 8,740 9,662 CURRENT ASSETS stocks Debtors Cash at bank and in hand 10 1,128 57,225 50,350 1,128 57,225 85,085 550 41,968 166,723 34,735 108,703 34,735 143,438 209,241 CREDITORS Amounts falling due within one year 12 (26,503) (36,913) (63,416) (113,375) NET CURRENT ASSETS 82,200 (2.178) 80,022 95,866 TOTAL ASSETS LESS CURRENT LIABILITIES 84,762 4.000 88,762 105,528 CREDITORS Amounts falling due after more than one year 13 (4,000) (4,000) (4,000) NET ASSETS 84,762 84,762 101,528 FUNDS Unrestricted funds 14 84,762 101,528 TOTAL FUNDS 84,762 101,528 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 7 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST BALANCE SHEET - continued 31 DECEMBER 2024 These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 2210912025 and were signed on its behalf by- P R West - Trustee The notes form part of these financial statements Page 8
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial ststements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practi 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}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impaimient losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended my management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis= Freehold propety- 10 % on straight line Fixtures and fittings - 25 % on straight line Computer equipment- 33 % straight line The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the prOedS with the carrying amount and are recognised in the Statement of Financial Activities. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Page 9 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Investments Fixed asset investments are recognised at cost less impairment. OTHER TRADING ACTivrriES 2024 2023 Shop income Cafe rental 2,905 3,500 4,118 2,896 6,405 7,014 INVESTMENT INCOME 2024 2023 Interest re1vable 2,639 2,948 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 2024 2023 Depreciation - owned assets 3,423 3,039 Page 10 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses reimbursements for the year ended 31 December 2024 (2023.. £148 for 1 trustee). STAFF COSTS The average monthly number of employees during the year was 4 (2023.. 2) No employees received emoluments in ex$5 of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 8.172 267,900 276,072 Charitable activities Museum 47,805 47,805 Other trading activities Investment income Other income 7,014 2,948 35,987 7,014 2,948 35,987 Total 101,926 267,900 369,826 EXPENDITURE ON Raising funds 1.757 1,757 Charitable activities Museum 124,044 264,915 388,959 Total 125,801 264,915 390,716 NET INCOMEI{EXPENDITURE) Transfers between funds (23,875) 16,866 2,985 (16,866) (20,890) Net movement in funds (7,009) (13,881) (20,890) RECONCILIATION OF FUNDS Total funds brought forward 108,537 13,881 122,418 Page11 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 101,528 101,528 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST At 1 January 2024 Additions 7,656 9,368 599 2,501 17,623 2,501 At 31 December 2024 7,656 9,368 3,100 20,124 DEPRECIATION At 1 January 2024 Charge for year 2,170 766 5,193 2,240 599 417 7,962 3,423 At 31 Dember 2024 2,936 7,433 1,016 11,385 NET BOOK VALUE At 31 Dember 2024 4,720 1,935 2,084 8,739 At 31 Dember 2023 5,486 4,175 9,661 FIXED ASSET INVESTMENTS Shares in group undertaking COST LESS IMPAIRMENT At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 Dernber 2023 There were no investment assets outside the UK. Page 12 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. STOCKS 2024 2023 Stocks 1,128 550 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Gift aid Bursledon Brickworks Trading Limited Prepayments 672 1,081 3,005 2,382 35,500 7,706 39,250 9,597 57,225 41,968 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Pension control account Accruals and deferred income 7,557 206 55,653 11,356 229 101,790 63,416 113,375 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other creditors 4,000 4,000 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At1.1.24 Unrestricted funds General Fund 101,528 (17,374) 608 84,762 Restricted funds HCC Cottages upgrade HCC - Security Museum equipment 347 (347) (841 (177) 177 608 (608) TOTAL FUNDS 101,528 (16,766) 84,762 Page 13 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming reSoUrS Resources expended Movement in funds Unrestricted funds General Fund 100,801 (118,175) (17,374) Restricted funds HCC Cottages upgrade Groundworks UK Trains Arts Council England - Cultural Recovery Fund 1 Arts & Heritage Collections and care Kiln Roof project 347 1,330 347 (1,330) 766 500 818 87,580 (766) (500) (818) (87,5801 r li Capital Zettle system HCC - Security Bungalow upgrade Imperial War Museum Library shelving Museum equipment Downton Building Education & Biodiversity 298 288 105 16,945 1,469 625 3,628 1,200 (298) (204) (105) (16,945) (1,4691 (4481 (3,628) (1,200) 84 177 115,899 (115,291) 608 TOTAL FUNDS 216,700 (233,466) (16,766) Page 14 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At1.1.23 Unrestricted funds General Fund Fareham Borough Council- Retail & Hospitality Leisure Emergency Fund 105,870 (21,208) 16,866 101,528 2,667 (2,667) 108,537 (23,875) 16,866 101,528 Restricted funds Groundworks UK Trains Kiln Roof project Capital Zettle system Arts award for access 500 13,357 24 (500) (16,252) (241 (90) 2,895 90 13,881 2,985 (16,866) TOTAL FUNDS 122,418 (20,890) 101,528 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General Fund Fareham Borough Council- Retail & Hospitality Leisure Emergency Fund 101,926 (123,134) (21,208) (2,667) (2,667) 101,926 (125,801) (23,875) Restricted funds Groundworks UK Trains Pycroft Works Arts Council England - Cultural Recovery Fund 1 Kiln Roof project Capital Zettle system Arts award for access Bungalow upgrade Imperial War Museum 1,626 262 (1,626) (262) 766 261,097 298 652 1,501 1,698 (766) (258,202) (298) (5621 (1,5011 (1,698) 2,895 90 267,900 (264,915) 2,985 TOTAL FUNDS 369,826 (390,716) (20,890) Page 15 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.12.24 At1.1.23 Unrestricted funds General Fund Fareham Borough Council - Retail & Hospitality Leisure Emergency Fund 105,870 (38,582) 17,474 84,762 2,667 (2,667) 108,537 (41,249> 17,474 84,762 Restricted funds HCC Cottages upgrade Groundworks UK Trains Kiln Roof project Capital Zettle system HCC - Security Arts award for access Museum equipment 347 (347) (500) (16,2521 (24) (84) (90) (177) 500 13,357 24 2,895 90 177 13,881 3,593 (17,474) TOTAL FUNDS 122,418 (37,656> 84,762 Page 16 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming reSoUrS Resources expended Movement in funds Unrestricted funds General Fund Fareham Borough Council - Retail & Hospitality Leisure Emergency Fund 202,727 (241,309) (38,582) (2,667) (2,667) 202,727 (243,9761 (41,249) Restricted funds HCC Cottages upgrade Groundworks UK Trains Pycroft Works Arts Council England - Cultural Recovery Fund 1 Arts & Heritage Collections and care Kiln Roof project Capital Zettle system HCC - Security Arts award for access Bungalow upgrade Imperial War Museum Library shelving Museum equipment Downton Building Education & Biodiversity 347 2,956 262 347 (2,956) (2621 1,532 500 818 348,677 596 288 652 1,606 18,643 1,469 (1,532) (500) (818) (345,7821 (5961 (204) (5621 (1,6061 (18,6431 (1,4691 2,895 84 90 11 625 3,628 1,200 (448) (3,6281 (1,2001 177 383,799 (380,206) 3,593 TOTAL FUNDS 586,526 (624,182) (37,656) Transfers between funds During the year, only small transfers were made between Restricted and General funds. These represented small underspends of those specific Restricted funds for which in each case, no separate accountability is required. Therefore, it was decided that they merely form part of General funds and are indistinguishable from the General fund and hence transfers to the General fund were appropriate. Page 17 continued...
BURSLEDON BRICKWORKS MUSEUM TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 15. RELATED PARTY DISCLOSURES During the year a loan {net) of £3,750 (2023.. £2,500) was made to a wholly owned subsidiary of Bursledon Brickworks Museum Trust, the trading company Bursledon Brickworks Trading Limited a company limited by shares (11576859). The balance outstanding as at 31 December 2024 was £39,250 (2023. £35,500). During the 2019 year Mrs M P Johnston, a trustee of Bursledon Brickworks Museum Trust, made a loan to the charity of £2,000. This balan was outstsnding as at 31 December 2024. In the year to 31 December 2024, and in the year to 31 Dember 2023, no donations were received from trustees. 16. CALLED UP SHARE CAPITAL The company has no share capital as it is limited by guarantee, each member promising to contribute the sum of £1 upon winding up. Page 18