REGISTERED COMPANY NUMBZR: IIM93204 IEDgJgDd and W#ks)
REGisfERED CIIARITY NUMBER: 1172250
Unaudited Fth#lld￿Se1teMQfjts for th¢Y¢*r Ended 31 Dettjmber 2023
PAP¢f Fo¥ndAt
(A Comp*Hy Lamited by Gwar*D¢ee)
Stsbl¢s. Thompsott & Bris¢oe
Lowther House
LA9 4DX

Paper Fo•odallo•
Contethts of the FIn￿ellI Sl*t¢nwthts
for tbe Year Ended 31 Deeember 2023
Ref¢ren¢e and AdmlThlJtr*tlv¢ Det
R¢port oftb¢Try¥t¢
2 to 4
Indepe￿I￿t Report
St*temen¢ ofFlnan¢lAI A¢¢lvldes
Bthne¢ Sheet
7 to 8
No¢¢i tts ihe Fth•b¢tsl St*¢¢m¢fyts
9 16
Dth￿ed Stlteffjent of Fln*md*l Aetlvltl
17 to 18

Paper Foundatlon
R¢f¢r¢ne¢ and AdministrAtive D¢lai
for Iht Year Ehded 31 December 2023
TRUSTEES
JEShz
P J Willink
M A J Croppcr
Mr5 A F Cropper
E W O Baynbjn Ctsward
M$ P A H Elliott
REGISTERED OFFICE
CIO Estate Offic¢
Ellergreen
Kendal
Cumbria
LA9 SSD
REGISTERED COMPANY
NiIMBER
10493204 IEnglaTHI and Wale5)
REGISTERED CHAIUTY
NUMBER
1172250
INDEPENDENT EXAMINER
Stables, Thompson & Bri￿0¢ Ltd
Chartered Accountants & Busia&5s Advisors
Lowther House
Lomryher Street
Kendal
LA9 4DX
P4ge I

hper FoulldatloD
Report of the Trustees
for the Ye•r Ended 31 December 21)23
The trustCC5 who a150 diTectors of the charity for th¢ purposes of the Companies Act 21M)6. pr¢sent their report with th¢
rinancial $tatement$ of the dwiry ftsr the year ended 31 D¢r¢mb¢r 2023. The trustc¢s have adopted the provÈsions of
AecouDting and Reporting by Charities.. Ststemeni of Recommended Practice 4wlicabl¢ to ¢htirities preparing their
a¢COUDts in axordan¢e with the Financial Reportin8 StandArd oplicable in the UK and R¢publi¢ of Ireland (FRS 102)
(¢lT¢ctive l JaThuary 2019).
ObJe¢tivu #Dd Aims
Th¢ Pap¢r Foundation is a ¢harity comtniNed io the presetvatÉott aDd celebration of paper-makin8 and all paperrelaredarts,
Crafts. and indu5trie5. It hopes to fi￿fil thi5 role to a lev¢1 of Dational and inkrnatiOn￿ signifi¢8n¢e.
It primarily fuifits its obje¢iives from an instslution lorAted close to the historic James CTopp¢f PAper-mill in Burnesid4 8
small village in th¢ foothills of the E#glish Lthkn District with a history of paper-making datin¥ baek to 1746.
Th¢ Pap¢rFowJdation has s¢v¢rnI int¢tt¢lated aims..
- To p¢tpetuate the craftsmanship knoWI￿ge necessary for th¢ production of Ilanth￿t pw and th¢ continuation of
its associated arts. ¢raft5 8Tr1 Ind￿trIeS. This inclyd¢s (but is not limitd print-makin8. lett¢rm priDtiD8, lrtjokbinding
ond paper¢ons¢rvation'
- To conserve the obj¢¢ts and artefa¢ts that Comprise the physid heritsge of paper-making and related paper arts in th¢
United Kingdom.
- To provide access lo archiv4 dw¢nts 8nd ortcfact4 fxililate re5¢arch. and sbare this with 8$ wide sn audi¢nc¢
a5 pos$i7&1e.'
- To regenernl¢ the paper-making ¢ommuniry o(Burnesid¢ and aJri¢h the cyltural life of the north of England and all those
who visit
SIEnifi¢ant actl￿t￿5
The Foundation bears 8¢v¢ral traits of a mu5¢w bul its ethos is ￿ focus on the present futur¢ of ￿Per as much as the
Currenl activities include th¢ cr¢ation sin¢¢ 2015 of the most important archive dedicated to paper in th¢ United Kin8dorn.
This is b￿d on thc ground-floor of a county house with paper industsy asso¢iaii¢)ns aDd is Vowing all the iirne. Nethy
the Foundatiott has operated a hand-made paper-rnill sit)ce 2020.
Public bemefit
In dei¢miinin8 these ObJ￿IlVe* th¢ Twst¢e$ have paid due regard io The Charity ComTntssion 8uidan¢e on publi¢ bcncfiL
Page 2

P#per Founditt•Tr
Report t)fth¢ Trnsttts
for the Y￿r Ended 31 De¢eDth¢r 2023
ACIIIEVEMEliT AND PERFORMANCE
Ch•ritAbl¢ *ctlvStks
The Paper Foundation has made $ignifi¢•Dt strides io 2023 ￿81th charithble airn ofpre5erving the ¢raftsmwtship thj
knowledg¢ ofhandmade paper pmduction. Key devel￿[Dents in our tea￿ infra￿, fiDancial perfornwice have
Apprentice Appointt)w)t
In 2023. we 8¢hieved a majOT rnilestQDe with the winfment of • second apprentice pAFnnaker. This addition brings wr
team to a total of thrcc skilled p•pem)ak¢r& The new 2tvrenti¢e is fidly fiulded f¢x 24 months by the King Bedouirt Fund
(KBF C￿ld￿j.
lrnpdct ¢)n In¢om¢
W¢ ore optiM￿lIC #b¢Art th¢ posiiive impKi th¢ wldiiion•l will have <Jn ow earned incorne. This new resou￿,
¢ornbined with s￿1¢81¢ investm¢ni in ow infrastructure. is eX￿¢ted to help us #hieve our 1mbitiO￿ ineAM* thrgels for
the yw ¢ndin8 2024.
rastrueturt Investtnent
R¢￿sn181nB lh¢ need to ¢wity. the initiated th¢ Mill EXp￿￿10Th Proixt in Jun¢ 2023.
This proj¢¢t w8s compleied by Sepiember 2023. Rem•rknNy. our ¢un¢d in¢om¢ still iThcr¢wd by 64•A d¢spil¢ a
temporary closure during the expansiorL This inv¢sWa¢N is ￿ti¢l￿d to yield wbSthTrti￿ retUTDS in 2024.
r¢flectin8 our incjrased ¢apaciry aad ¢tTici¢nq.
Eilergreen MaNion Refurbislllne
Progr￿ on the rehjrbishmeni of th¢ Ell¢we¢n m￿￿10n been i1gw¢r. with minimlll ehkn8ts tnade t¥) the remainini
8round tloor I1￿. How¢v¢r. w¢ w¢main ¢rnit*d to thi5 projed aDd continue to wel¢ome visitors durin8 our open days.
Fuhjre Ouilook
Lknoking folward ￿ 2024. w¢ will upitalix on th¢ ¢Dhan￿ Wity athd Wilili•s from ow rte*nt ittvtstments. Our
SO￿ is to m¢¢t and SUTpass our irtome the susthithility and Bro￿ of th¢ Paper Foun￿10￿ We will
Ilso continue seekinÉ fijnding ty support our chaTi¢•ble K¢ivitLes.
FINANCIAL REVIEW
Flthamdll pogitlon
The Paper Fowidation received donation5 and grknts totallin8 of £182.771 in the yetr (wmpartd 10 £82.963 in pr•vio
y¢ar) and the clwiiy teceived a fith £19,403 (2022 - £12.51KI) in Bin aid. Tradin8 a¢tivity in¢r¢ased frorn £38.737 in
2022 to £64.298 in 2023.
ExpendiluTe in the year i01￿1¢d £145,156 (2022 £105.7481 resul¢inB in • surplw of £121 J76 (2022 £28,452) artd iothi
e*ried forward of £205.941 of which £7,5fy) is restri¢*d funds.
At the Period ¢nd there were no free rexeNo •s tho cmt liabilities*x¢¢eded th¢ ¢uneni by £8.988.
Reservu polky
A5 th¢ ¢hhrity 1$ in its early sta8es of developmenl we currndy do not have # reserves F4)licy in plice. A compreh¢n$iv¢
sery¢s policy will be drafted ¢Jnce the ¢I￿rIty is mort es¢abli5W atwj has begutt genernting sufficient fiuKls to 5UPPOrt its
a¢tivilies and 801b.
STRVCfURE. GOVERNANCE AND MANAGEMENT
Governlug do¢ument
The ¢harity is controllcd by its Kov¢ming do¢umL a deed of tru5L Ind rnnmituies i limited company, limited by
8uaranlee, as defined by theC•ies Aci 2[￿6.
Paper Foundation was irtethp0￿ on 23 Nowember 2016 &8 8 not forprofiteornpony limit&a by Buarant¢¢.
Papcr FoutKlalion is a re8iStered charity (nunthr 1172250). The ¢ompthy was esthblished utwler a Memorandum of
Ass￿l8t1(￿n, whtch e￿ablish￿l th¢ ￿J¢¢ts WKI ￿werS of th¢ charitable ￿npartY and is 8(Nerned UEhder its Arti¢1¢s of
Association.
Page 3

P•per Foundatlo
Rwrt ofthe Trustees
for th¢ Y¢8r Ended 31 Detember 2023
STRUCTURE, GOVERNANCE Af4D MANACEMENr
Recrultmcnt And AppolDtrneDt of new trusttti
During 2023, there were no changes ¢0 the board. Howev¢r. 45 the Foundation 8rows, the proposal is to Si8nifi¢antiy
iDcrease the number of trustrts, ideally including top-level ￿Yo¢￿te$ from the arts, ¢ulturA and ¢d[￿AtiOn￿ se￿￿11. Thi8
Could be achieved through th¢ ¢r¢alion o(an adVI￿ry board and new trwtee appointments.
Rlsk maTh•gement
Th¢ tnL81¢¢5 have examined the rnajor strat¢gic. business And operntional risks whidl the tharity fa¢¢s and ¢onfinn that
Sy5tem5 hav¢ been ¢stablished to enable re8ular reports to b¢ produ¢¢d 50 that the ne¢essw steps can be tsken ￿ lesse
Ihese risks.
This r¢port has been pr¢pareJ in a¢cordaTKe with the speci41 provisioDS of P8rt 15 of the Compani# A¢i 2(#)6 r¢]a¢in8 10
sm811 compBnia.
Approved by order of th¢ lyjard oftrustees on I l July 2024 at)d signed ott Its b¢hilf by:
MAJC
- Trust¢¢
Pa8¢ 4

Indepe￿dent Ex#thlner'i Report to the Trustees of
Paper Foulldatlo
Indepe￿dent tx#mIne￿I report to the trnstees of Paper Fou*d8tloD ('Ihe Company,)
I report io the charity tntsl¢es on my ¢x8mination of the accounts ofthe ConwaDy forth¢ y¢8T ended 31 Decenkn2023.
RespoM$lbllltles #nd basls of report
As ihe tharity$ trllslees of the Company (and also its dire¢tors for the purposes ofcompany law) you are responsible for
the preparation of the occouttts in accordance with the requirements of th¢ Companies Act 2006 {Ihe 2(KJ6 A¢¢).
H&ving satisfi¢d myself that the 8c¢ounts of th¢ Compny are noi r¢quir¢d to be Audited und¢r Part 16 of th¢ 2[￿ Act and
are eli8ible for independenl examiiiation. I r¢port in respect of my exAmination of your ¢horitys a¢¢ounts 85 carried out
und¢r Se¢iion 145 of th¢ ChJritie$ Act 2011 ('Ih¢ 2011 A￿,). In ¢arryin8 Out rny ¢xamination I have followed the
Directions 8iven by the Chariiy Commission U1￿¢r Serlion 145{5) Ib) of ih¢ 2011 A¢L
Since your charit￿S 8ross irteome exceeded £250,0(￿• your examiner must be a member of a listed body. l ean tonfilrn that
l arn qualified to undertake the ¢x8minaiion because l am a mernber of the In51ilule of Chartered Accountants in England
ond Wal¢$. whi¢h is one of the listed bodie$.
I have ¢omple*d my ¢xaminolion. I confirni that no matters have com¢ to my ¥ltention in conneclion with the examinatio
8ivin8 m¢ ￿Ule to b¢li¢ve'.
¢ounlins r¢coTd$ were noi kepl in tespxi of the Company Os required by S¢clion 386 of the 20
the accounts do not accord with those records. or
¢h¢ 4c¢ounts do not comply with the accouttiittl r¢quir¢menty of Section 396 of the 20Q6 A¢t other thju any
requiremeTht th￿ th¢ a¢counts 8ive a Iru¢ and fair vi¢w which 1$ not a nmiter conSid￿¢d as pffi of an indep*thn¢
ex8minBiion,' or
Ihe occounts hav¢ noi PT¢pared ITr accordattce with th¢ methods and principl¢$ of the Siaiemeni of
Recomm¢ndcd Practice for Dccounting reportin8 by ¢harilie$ (wpplicBble to charilie5 preparin8 their gcwunts in
Accordance with the Fina￿141 Rel￿1￿8 Standard applitable in the UK and Republic oflrelthd (FRS 102)).
6 Act: or
I h8ve no con¢¢m5 and have come ACTOSS no other mtlier¥ in conneclion with the exthimiion to which attenlion Should be
drn￿ iti thli rtport in order to enable a proper underslandinm of the aecounts io b¢ r¢o¢hed.
H M Holme5 Bsc FCA
Stabl¢s, Thompson & Bri5¢0¢ Ltd
Chartered Accoutti•n¢s & Business Adviso
Lowiher14ous¢
Lowiher Strtti
Kendal
LA9 4DX
Date: ..
P&gc 5

P¥Jper Foundatlon
Statement ofFIDgnclal Aedvltles
ror tb¢ Y¢Ar Ended JI December 2023
31.12.23
Tothl
31.12.22
Total
Unr¢stricted Re$trict¢d
Note5
INCOME AND ENDOITrNENTS FROM
Donations and l¢g3¢i¢$
56.163
146,071
202.234
95,463
Other ¢r&dinga¢iiviti
Total
146071
134
266 532 ￿00
EXPENDITURE ON
PJis1￿ funds
31.088
31,088
16J16
Ch•rltable atdvltl
Devolopment cos
Depre¢ialiott
Support Costs
G)vernthce cosls
17,041
9,433
38.515
46,786
63.827
9,433
38,515
61,652
3.838
21J29
145 156
105748
NET INCOME
Transfers between fvDd$
Ne¢ mov¢m¢Ni Sn funds
22,091
99,285
121,376
28,452
15
113.876
7.500
121,376
28.452
RECONCILIATION OF FUNDS
Toul funds brou8ht forward
84.565
84.565
56.113
TOTAL FUNDS CARRIED FORWARD
205941
Th¢ not¢s fomi partof these financial Statements
Page 6

Pwr Foundgtlon
B#JaTr¢e Sh¢¢¢
31 Detember 2023
31.12.23
Totsl
31.12.22
Totsl
FIXED ASSETS
Intangible as5¢ts
Tangibl¢ 8SS¢ts
Ikrita8e as5cts
750
138583
750
138.583
io
42.150
207.429
207.429
108,276
CURRE?￿ ASSETS
S￿Ck$
Debtors
Cath at bank in hand
12
13
10531
22.735
10.531
22.735
9.493
J94
7,5(
67.894
38.966
CREDITORS
Amounts falling within on¢y¢ar
14
{69J82)
(69.382)
(62,677)
NET CURRENT ASSETS
8.98
1,488
7,51XI 711)
TOTALASSETS LFSS CURRENT
LLABILITIES
198,441
7,5th)
205.941
84.565
NET ￿$SETs
198,441
7.5(Kl
205.941
84.565
15
198.441
84.565
R￿trICted funds:
National Archiv¢
TOTAL FUNDS
7.500
205.941
84.565
The charitable compw is amitled ￿ ¢xai)ption fron) audit Section 477 of the Companies Act 2(#)6 (or the ye&r
ended 31 De¢anlJer 2023.
The m¢mbers have not required the coryaTry kn obtain an audit of its fill￿¢111 sthtethents for the year eThJed 31 DecemE¢r
2023 in accordance with Section 476 of th¢ Companies Art 21x￿.
Th¢ tswstees acknowled8c thcir tCSPOThsibilitic5 for
(a)
ensuring thai the ¢h•ritsble conyiy k#ps a¢c(wntiDg that comply with kniojs 386 8nd 387 of the
CoTnpani¢s A¢t 2(th at)d
(b) preparing flnancial statements which 4 true I￿1 fair view of the state of affairs of the charitable Company as kt
thc end of each fina￿la1 year and of its surplus or d¢fi¢it for each financial y¢ar in ac¢ordan¢¢ with th¢
requirements of Se¢tions 394 and 395 and whith Othe￿ comply with the requiremenls of the Companies Acl
2￿ r¢latin8 slathen￿ so faT as applicable to charithble eompany.
Page 7
eontinud..

Paper Found*tioo
B21gnce Sheet- continued
31 Dettmbtr 2023
subj¢¢i to th¢ small eompaDi&8 ￿e￿ne.
Tr fiNncial statements wete apwived by the Bo•Td of Tru#ees Ind for issue (m I l July 2024 and were si8n¢d
OD its behalf ty.
M A J Cropp¢r.TnL*e
Page 8

Paper Ffjundath
Notes to th¢ F6uaDcl*l Ststemeots
for the YeAr Ended 31 De¢¢Mber 2023
ACCOUr￿llNC POLICIES
Basls of prtP*Ting the f5n4n¢txl ststemeDts
The financial statem¢Dts of the clharitable cornpny. wbicb is a Fthlic benefir eniity FRS 102. have b
prepared in accordance with the ChaFiti¢S SORP (FRS 102)'A¢coyotitiB arKI RqxJrtin8 by Clwitie5: Staternent of
Recommended Pra¢ti¢e applÈcable kn chariiics prepari￿ their acc¢Mnts in ￿<￿[danCe with the Financial Reporti
Standard applicable in the UK wjd Re￿bIle of Ireland IFRS 102) (effective l January 2019).. Finattial Reporti118
Standard 102 Th¢ Financ￿1 Ret#xtÉng Standard appli¢ablc in the UK and Republic of tftl8TKI' and th¢Spwi¢s
A¢t 2(106. The financial 5th*ments have be￿ pryareduththe bistorical cost conueDtioD.
All income is re¢ogDis¢d in the Statement of Fina￿181 Adiyities on¢¢ the ¢hariry has ￿l￿￿)ent w the 1¢ 15
probable that the income will be rettifftl and the amount ¢an b¢ me2sureA Teli8bly.
Expettdlthre
Liabilities ar¢ If￿￿ni￿1 as eX￿di￿￿e as sth)D as there is a Iwl w ￿nsIn￿¥¢ obligation ¢ommittitig the
¢harity io that ex￿mIlI￿re. 1¢ is p(knable thai a tsanS[￿ of econwrric benefts wÈll be r4ured ID settlement and the
amount of th¢ obligation czn ￿ n￿a5￿ reliably. Exprnditure is account￿ for on m accrua15 basis and has
C]￿lfied under I￿lD85 that agwte all ￿lated ts th¢ ¢8i¢gory. Wher¢ ￿$ts ¢anMt ix dire¢tly attnbuted to
particular headin8S tF*y have alJo¢ated ¢0 I￿1¥111¢S ou a basis ¢on5i5tent with the use of T¢SOUTV&
Tan%lble Ilx¢d a59¢tS
Depreciation is provided at the following •mual Ates in oth to W7ite off each Lwtover its e5timat&l weful life.
Plant Ind machi
. oncosl
Stoclts
Stocks are valued al the low¢r of wst and net v8h￿. aft¢r nwkiD8 due allowanv for ob501¢t¢ and slow
Taxalio
The charity is exenwt from wI￿tIon lax on its dwithble activities.
Unrestric*d Can be wed in ￿rds￿¢ w￿￿ the dbOritsbl¢ objeAives ￿ the d15Crtion of the tr￿te¢s.
R¢stri¢ted can only bE used for prtKular restri￿￿ purp￿ within the obje¢ts of the rljarity. Rcstriction5
arise when Sp￿lfied by the donoror when funds ate Taised for p/rti¢ularrestric¢ed purposes.
Further explanaiioi) of the nature and of ¢a¢h is includeA in the note5 to the fuwKiai statements.
Pt#thn ¢osts **d other pos¢vrn¢lr¢m¢•t IxAfllts
The charitabl¢ company Ope￿eS a dcfmed contribuui)n t*n5ion schcmc. ContributiODS payablc to the charitable
CoMpan￿S pensi¢Jn %hemc #re thorg¢d ￿ the Staknneni of Fin￿la1 Aaiviu¢s io th¢ peri￿ to whi¢h thty relat¢.
Golng ¢on¢¢rn
Th¢ c]Mrity has net current liabilities of £1.488. The charity ha5 a of significant benefactors who are
5upporling the developmeni of the charli￿$ (*jertives. They have comnlltied to ensuring thal the clwity can
continue to opern* durittg this devel(yment phase and unul IÈ ¢an generate a SUTr1￿. Thefffor¢. th¢ trustees have
pwarnl th¢ ac¢ounts on 8 80in8 concern basis.

Paper Foundatlon
Notes to th¢ Fingll£l81 Stst¢m¢ty¢s- continued
for the Y¢ar Ended 31 December 2(123
DONATIONS AND LEGACIES
31.12.23
31.12.22
Appeals and th)natioTr
Gift aid tsx ￿laiMed
Grants
56,700
19.463
126,071
82,5(￿•
12.5(K)
463
Grants receirt included in the above. as follows:
31.12.23
31.12.22
QEST Apprenticesbip fimding
Innovate Fundin8
National Ar¢hiv¢s
Golsoncott FOU[￿all￿n
Radcliffe Tn￿1
Yor* Fouttdatio
KBF
5,556
14.612
7,500
2.000
7.000
2,000
87.403
126.071
463
OTHER TRADINGACTIVITIES
31.12.23
31.12.22
Fwjdraising events
Shop income
1,800
RAISING FUNDS
R*bkng donat10￿ and legades
31.12.23
31.12.22
Advertising and marketirt8
1.329
NET IP4COMFJIEXPENDJTtJRE}
Nei in¢om¢l(expenditur¢) is stated after chargin￿{creditI￿g).
31.12.23
31.12.22
DcpreciatioTh- owneda5sets
Computersothvare amortisation
8.683
750
3.088
750
Pa8¢ 10
n¢inu¢d...

P*per Fomndgtlon
r4ot¢s to the FItt#n¢1￿ Statemellts- contlnued
(or tbe Ye8T EDded 31 December 2023
TRUSTEES. REMifNERATION AND BENEFrrs
Ther¢ were no tru51ees' remuneration or other bcncfits for th¢ y¢ar ¢nded 31 Dec¢mber2023 nor forth¢ year ended
31 December 2022.
Tr￿St¢￿' txpemes
There were no Iru5t¢e$' expenses ￿ld for the year ended 31 Devmber 2023 nor for the year ended 31 December
2022.
STAFF COSfS
31.12.23
31.12.22
Wages and salaries
Social security ¢osts
other￿nsiOn costs
62.749
60.505
(13)
1.160
61.652
1,363
64.112
The av¢rng¢ monthly number of ¢mployee5 durin8 th¢ y¢ar was as followi..
31.12.23
51.12.22
Numberofsthft
No ¢mployees received ¢moluments in ¢xc¢ss of ￿,0((1.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
R¢51ncted
Totsl
INCOME AND ENDOWMENTS FROM
Donations and legacies
95,463
95,463
Other trading I￿1vill¢S
Tota]
38.737
134.200
38.737
134.2
EXPENDITURE ON
Raising fvn(ts
16,516
16,516
Chsrftable #ctlvltles
D¢Yelopm¢ni costs
D¢preeiation
SUp￿rt costs
Governan¢¢ ¢o$t$
Total
61,652
3,838
21.329
2.413
105.748
61.652
3,838
21,329
2.413
105.748
NET INCOME
28,452
28,4S2
RECONCILIATION OF FUNDS
Totsl broughi forward
56,113
56,113
Pa8ell
continued...

Paper Founda¢IoTr
N•tos to tho Fln*n¢l41 Sta¢emettt$- eontthwd
for the Ye#r Ended 31 Decernbtr 2023
COMPARATIVES FOR THE STATEMETrTf OF FINANCIAL AcfiviTIES- eontlnued
Unrestrict¢d
Restricted
fi￿d
TOTAL FUNDS CARIUED FORWARD
84.565
Ir4TANGIBLE FIXED ASSETS
Computer
software
COST
Ai l Janu8ry 2023 and 31 D¢¢¢mb¢r 2f23
AMORTISATION
At l January 2023
Char8e for year
Ai 31 De¢ember2023
NET BOOK VALUE
At 31 December 2023
Al 31 December 2022
i.soo
750
750
io.
TANGIBLE FIXED ASSETS
Jnwovem¢nts
to
property
FiKtWC5
Plant And
ma¢hin¢ry
fittin88
Toty]s
COST
Al l January 2023
Additlons
At 31 Deeember 2023
DEPRECIATION
Al l January 2023
Ch8T8e for yeRr
Ai 31 D¢¢emb¢r 2023
NET BOOK VALUE
Ai 31 Detember 2023
At 31 Deeember 2022
30,659
12,565
2.881
46,105
105 116
151221
107802
3.379
576
3,955
107,802
138583
Page 12
ontinued..

Paper Founditlo•
Notes to the Flnaneial St*kments-
tor tbt Year Ettded 31 D¢¢emb¢r2023
HERITAGE ASSETS
At l janu￿ 2023
Additions
Al 31 December 2023
NET BOOK VALUE
Ai 31 Dettmb¢r 2023
At 31 De¢¢mber2022
64.626
3,470
12.
31.12.23
31.12.22
Stocks
13.
DEBTORS: AMOUNfs FALUNG DUE wmllN ONE YEAR
31.12.23
31.12.22
Trade debtsws
VAT
A£¢n￿lS
Acuyed income
14.186
1,393
6250
9,292
2,014
14.
CREDITORS: AMOUNTS FALLING DUE wmiiN ONE YEAR
31.12.23
31.12.22
13,882
46,500
668
367
Trod¢ ¢Tediiors
S(*ial seeurity Ind othcrtsx
Other uediiors
67.219
422
415
Pa8e 13
Continued...

per FouThdatloD
Notts to the Fm#th¢ial Ststemthts- eortlirtued
f•r tb¢ Y¢Ar Ended 31 Decem1￿ 2023
15.
Net
Trattsfers
At
31.12.23
Gelleral fund
84365
22.lyji
91.785
198.441
Restrteted funds
Mill ExtetLsion
Na¢ioM41 Ar¢hiv¢
New equipment
Heating In5ts11atio#
72,570
(72570)
7.500
(I I.000)
15
8215
99285
121.376
7.5¢)0
205.941
TOTAL FUNDS
Resource5 Movement
UArestricted fwids
General fund
120.461
(98370)
22.091
Restrfeted fuDth
Mill Extension
Nati¢)nal ArthiY¢
I￿[￿vate Funding
ApprenticeshÉp Fundin8
New equipmenl
Healing Instsllation
Ttainxship
72,570
72.570
7.500
14.612
5,556
(14.612)
(5.556)
8215
8,215
6.618
146.071
TOTAL FifNDS
145.156
121376
Compxrnliyes for movement in fund5
Net
At
31.12.22
Ai 1.122
in fwids
Unr¢5tritled hnds
General fiu
56,113
28,452
84.565
TOTAL FUNDS
Pase 14
eoniinued...

Paper Fowndath)ll
Notes to the ￿1￿¢741 St*t¢m¢Dts- ¢otttitiued
for the Y¢ar Ended 31 December 2023
Incoming Resources Movement
ID fimds
UDMtrleted
1342C
(105.748)
28,452
A eurrentyear 12 andpritryew 12 nThtlL% combinedptsition is as follows:
Net
TraLsfer5
At
31.12.23
At 1.122
ullre8trk￿ funds
General fimd
56.113
50.543
91.785
198.441
Restrlcled fllDth
Mill Extensioo
NAtional Ar¢hiv¢
N¢w ¢quipmeDt
HeatÉn8 In5th11ation
T2,570
Ins70)
7,5(￿•
Ii.IK
(I I,(w)
15
follows..
Movemeni
in funds
Unreslrie¢ed fu•ds
G¢n¢Fai futtd
254.661
(204.118)
50.543
Restricted furtds
Mill Extension
National Ar¢hiv¢
Innovat¢ FuTh4iD8
Apprenticeship FU￿lIng
New equipmeni
Heating lttstsllatioD
Traineeship
72,570
72.570
7.S(Kl
14.612
5.556
(14.612)
(5556)
8,215
8,215
TOTAL FUNDS
400.732
50.904
149 828
Page 15
¢oniinued...

PaperFouDdAdoH
Note$ ¢0 lh¢ Fln8nclal Statements- continued
for theYÈ#r Etsded 31 December 2023
cotiwKrwl b&si$ 8t £l400ty
Pa8e 16

per F•und#don
Detailed Sts¢em¢￿t of Fin8Dci*I Activifi
lor the Y¢aT EDded 31 December 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Donatlons and kEad
AP￿15 #nd donations
Oift aid tsx reclairned
56.700
19.463
126071
202.234
82.5(Kl
12,5(Kl
463
95,463
Other trAdI￿ ￿t￿tt¢s
Fundraising ¢v¢nts
Shop inwme
1.800
Tot*1 Incomkn8 re￿￿re¢S
266.532
1342
EXPENDITilliE
Other ¢rAdthz •etfvltl•s
Purchases
Paym¢nl prncessin8 fees
Closin8 stock
24.832
507
10,710
398
14.808
3,059
Ch•rf¢•ble Aetivllks
Wa8CS
Social seujrity
P¢n5ions
Contraclors
62.464
60,505
(13)
1.363
4,934
2,080
13,488
5.626
23,417
1.174
253
6.019
750
Manwmettt fees
Miseelltheous sNff
Membership and subscriptiQlLI
Coll¢clion addÉtions
SoPavare de￿CIatIon
Pltht thd M￿h1n￿ dyKi•ti on
324
323
750
109,749
86.819
Adverdslng •nd m*rketlnz
Consulting
R41¢s gnd w•t¢r
Insuran¢e
Li8ht and hedt
Telephone And IT
Posl8g¢ and $tationcry
Carried fonvard
285
1,521
2,719
2296
1,786
952
9.559
967
1.559
4.726
This pa8e th)ES fom part of the ￿ finatt¢i21 yatsm•)ts
Page 17

P8p¢r Foulld*ti•D
Det•llpd St•tement of Financi￿ Attiviti
for the Year Ended 31 D¢¢tthber 2023
31.12.23
31.12.22
MxD*gemeDt
Broughi (onW￿d
AdvertLsin8
Sundries
Motor 8nd travel expenses
9.559
4,643
1.741
2.173
18,116
4.726
5.972
598
13.457
Gov¢rn*DCt ¢￿ts
Accountgn¢y
Leyl fees
Training
2211
190
82
2.159
50
204
Total Tewur¢es ¢xp¢nd¢d
Net lth¢ome
145 156
105 748
This pa8¢ d¢)¢5 not fomi part of the statytory financial sta¢em¢nts
Page 18