THE BEATRIX POTTER SOCIETY CHARrrY REGISTRATION NUMBER: CIO 1175188 ANNUAL REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE BEATRIX P0ER IETY CONTENTS: Reference and administrative details Ito2 Trustees, report 3to14 Indcpcndent examincr's report 15 ststement of financial activities 16 Balance sheet 17 Notes to the fll)ancial statements 18-37 Objects own¢d 38-40
E BEATRIX POTTER S CIETY ANNUAL REPORT AND FINANC STATEMENTS R THE FINAN IAL YEAR ENDED 31ST EMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Patron Dame Patricia Routledge DBE Presldent Brian A Alderson Honorary Vl¢¢ Presldent Judy Taylor Hough MBE Trustees Liz Adams {3121) Angela Bettink (3118) Liz Hunter MacFarlane (3122) Karen Mcllwraith (3122) Lindsay Moen (3121) Janet Sullivan (3118) Andrew Wiltshirc (3118) Coknopted commlttee memben Kathy Cole Helen Duder Helen Sirett Ex-offlclo eommlttee members Annemarie Bilclough (V&A) Alice Sage (National Trust) until 10112123
THE BEA CIETY ANNUAL REPORT AN FIN TATEMENTS ED 1ST DECEMBER 2 REFERENCE AND ADMINISTRATIVE DETAILS Charlty's regtstered orfiee Jackson & Graham Lake Road Bownes8-on-WindemJere Cumbria LA23 2JJ Ch4rlty Reglstratlon Number CIO 1175188 Independ¢nt examlner drew Lishman F.M.A.A.T. Jackson & Graham Lake Road Bownesswon-windennere Cumbria LA23 2JJ Bankerl HSBC. 99 High Stree¢ Chelmsfort Essex, CMI IEQ
THE BEA ER SOCIETY TRUSTEE REPORT R THE YEAR ENDED 31Yf DECEMBER 20 TRUSTEES REPORT I) SUMMARY 1.1 Siotement The mission of The Beatrix Potter Society is to promot¢ the study of the life and works of Beatrix Potter- as author, illustrator, farnr, and preservationist - both to its Members and to the public. Its Trustees, as named on page I herein, present their annual report tO8¢ther with the fll)ancial statements of the charity for the year ended 31 December 2023. These have been prepared in accordance with the accounting policies set out on pa8e17 and comply with the charity's trust deed and applicable law. The Trustees confimi that they have also compli¢d with the requirements of section 17 of the UK Charities Act 2011 to have due regard to the public benefit guidance publi8h¢d by the Charity Commission for England and Wales. 1.2 FlnAnelal ttIon Durin8 2023 the Society held a mixture of in-person and online events for Members. Monthly Committee meetings were held primarily online. This mix of in-person and Zoom meetings enAbled the Society to reduce related costs whilst al60 engaging with Members worldwide. The Society received very generous donations from The Linder Foundation and several Sooiety Members during 2023. This ensured that all administrative and rnnnin8 costs were covered and enabled the Society to continue work on the website and video digitalisation projects. This much appreciated supporL iogether with membership renewals, registration4 Merchandise sales and the TNst¢¢s' work bas left the Society in a good financial position. We are therefore pleased lo report that at the end of the financial year, the balance sheet Ipage 16) shows that we hold Total Funds of £312,523. Of this sum £178,158 is the value of the Objects we own. £8,294 is th¢ value of the website development. £1,000 is the shares in The House of the Tailor of Gloucester, £14.832 is the Year*d value of our publications and merchandise. With a small amount for debtors £165, we hold cash of £120,786. From that balance we hold £15,544 as Designated Conference Funds and £3 as Restricted Funds, including the Jane Morsc Memorial Fund, and £7,068 which is held for future amortisation costs attributed to the new website. theffby leaving a balance of £63,998 as 'cash-in-hand'. Our Total Funds amount shows a groth of £11,805 in 2023.
THE BEATRIX POTTER SOCIETY TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 2) GOVERNANCE 2.1 Natsre of governlng do¢ument The Society was founded in 1980 as uninco4)orated association No. 281198 and became dually registered as Charitable Incorporated Or8anisation (CIO) No. 1175188 on 17 October 2017. On l January 2019 the two combined and have since operated solely as CIO No. 1175188. These accounts show th¢ combined position. 22 Our Governance The Society is governed by its constitution and as Stated therein: acts as a fonun for those who have a mutual interest in the life and works of Beatrix Potter; promotes the study and appreciation of her life and works. and • upILolds the integrity of her inimitable and unique worL her aims and bequests. 2.3 Our Aims and Objecdves tn order to aclll'eve its mission, the Society: holds Member and guest meetings and conferences, both in the UK and overse&8' sponsors readings of Beatrix Potter's works in libraries and schools. SUPPOtts talks to introdu¢e the life of Beatrix Potter to groups of all ages: amges visits to places of interest connected with her life and works. sponsors special charitable projects relating to her life and works. produces or assists in the production of publications promoting these ainLS and objects" and purchases original Beatrix Potter m&terial to preserv¢ it for all to enjoy. 3) PUBLIC BENEFIT The TnLStees confirn) that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the chilY Commission for England aDd Wales. To achieve tts missioo The Beatsix Potter Society DRge$ and promotes a variety of public Programmes and activities which are for public benefit.
ER SOCIETY TRUSTEES REPOR ENDED 31sf DECEMBER 2023 Below are described two specific projects which wtte both s¢8rted iti the early 2000s. Both are strictly volunteer participation, and free to any group or venue interested in hosting. There are coordinators in the UK and US. and the Society encourages anyone who would like to know more aix)ut either programme to contact it for inforniation and materials supplied by the Society. It is also available to offer support and help. As the Society ts a charity, volunteers are not funthd and presentstions are intended to lfil its charitable aims- see below for details. Any talk for which a fee is paid is not an RBP or IBP presentation, but honorariums, as a donation to the Society. are sometimes received for these. 3.1 Readlng Be*trlx Potter project (RBP) Volunteer Mcmbcr3 of the So¢i¢ty introduce B¢8trix Potterfs life and works to children in schools, libraries and other places (for example at book fairs), focusin8 particularly on aSts that broaden the experience of ¢hildreD in the fields of literacy. literatu lu'story, the arts, science and conservation work. 3.2 Introdu¢lng Beatrlx Potter projeet IIBP) Volunteer Members of the Society talk about Beatrix Potterf$ lif¢ to adult grcxp in all kind8 of sityations - from Women's Institute groups to U3A classes and at ¢v¢nts and exhibitions. 3.3 Aequljltlon of orl8lnal Potter rnaterlal The Swi¢ty strives to purchase original Potter mateTiai- letters. artworK and objects that relate to Beatrix Potter's life- whenever desirable and possible. This is in order that they may be viewed by the public and used by researchers. M05t of the items ovmed by the Society are placed on long-terni loan at the National Trust's properties ID the Lake DistricL at the Victoria and Albert Museum in London and ai the Annitt Museum in Ambl¢side. The Society also aims to share these items by publishing books or articles about them in its Journal and Newsletter (J&N), and by producin8 greetings cards for sale that depict those itcms. The Society abo pubb'shes and publicises other works that promote the study of Beatrix's life and works. Any member of th¢ public may request to see these special items an(L from time to time, they are displayed at exhibitions for people of all ages to see and enjoy. In 2023, the movement of the following Society items 0red. The Collector's Cabinet that had been at the V&A for display in the exhibition 'Drawn to Nature. was retumed to the National Tnt and Ilas been on display at Hill Top.
THE BEATRIX POTfER SOCIETY TRUSTEES REPORT FOR THE YEAR ENDED 31- DEClBER 2023 Four items have be¢n travelling around the US in the 'Drawn to Nature, ¢xl)ibition tour at The Frist Art Museum in Nashville and The High Museum of Art in Atlanta. These items are as follows: o the Walking Stick that belonged to Beatrix Potter o an Original Artwork - a Watercolour of Sheep, painted when Beatrix Potter was aged ten Beatrix Potter's last letter to Joe Moscrop Beatrix Potter's letter to Katherine Bmoke, dated J November 1943 There have been no disposals in 2023. 3.4 Publlcatlon of books and artleles The Society has a long tradition of publishing books about the life and work of Beatrix Potter, as well as Beatrix-Potter-themed greeting cards, whicb it sells su¢¢essfully from its website and at events. It also routinely infornis Members and the public about new editions of Beatrix Potter's books. as well as new books aud aTticles about her and her life. The Society's prInt-bdjOurnal andNewsletter (J&N) is produced three times annually under the editorship of Libby Joy and Janet Sullivan. We are pleased that due to the dedication of our editorial team, the Society was able to contlnue to provide these publications during 2023. In 2023, The Society shared its last online newsletter, 'Pottering About,, which was edited by Catherine Minard. While il was distributed to over 3,000 people Worldwide several time5 a year, the Soci¢ty elected to focus volunteer outreach effo on its website and social media endeavours, which share content that was provided in 'Pottcring About,. Sales of the Society's cards, merchandise and publications have continued to be an important sOue of income both from the Societys w¢bsite thopping pages and at in-person meetings. In 2023, Members have benefited from a discount (150/0) on the cost of the items they Purchased. So, too, did the National Trust's Hill Top shop, which bought new supplies of greetings cards in August. As before, Angela BettinK the Sles Website Manag¢r, ¢ontinued to maintsin the shopping pages and th¢n, during the autumn, introduced an automatic stock reduction process. Thi5 benefit h&q reduced sales administration and enabled the Society to monitor its stocks more closely. We take this opportunity to thaTJk all our Customers for the orders placed during the year. Additionally. we once again value everyone's forbearance in coping with Royal Mail delivery delays. We have also had to accept two increases in postage prices during the year. However, 10 compensate. we provided hand-delivery of pre-orders at the September meeting in Windemiere, and at the meet-up at the Frist Museum. We will att¢mpÉ to do this wherever possible in future. The Society is also very appreciative of the staff at TfL. the fulfilment centre in Essex that it uses. TfL continues to ensure the professionaI dispatch of the ord¢ts the Society receives.
THE BEATRIX POTTER SOCIETY 'I'RUS'fEES RLPORT FOR THE YEAR ENDED 31 ' DECEMBER 2023 3.5 Operalion of a M'ebsite and social media feeds I"hL SociL%(y'% websilL dnd SOLial media aLcountS 511pply mor¢ cxample.% of liow we slrivc lo infurm thc publiL abolit the lif¢ Ilnd work5 Ot" Beatrix Pott¢r. In 2022, due 10 41 gLncroiis grani award¢d to Ili¢ Society by The Liiider FouiJd£11ion, the Society was able lo work willi a website design vendor lo creale a new wcl)site. SinLL tl)c launuh of our rLdesibyiied websile, WL have had a full year lo see Ilie results. In 2023 wc. liad 55,0011 us¢r% with ovcr132.000 vicws. Thc ' Homc., 'Shop' and 'Places lo visit. pab?es wcrc used iiiosl frequcnily. W¥ post on social IiiLdia nep4rly every day, whiLli has yielded Ihe fulluwinby reSLIIt5'. X IFoniii£ Ily known Ils Twiltcr)- ovcr 5,33() lollowers. lor an increase 01. 8116 over 2022 {4.20 /0) 111sta&Tf¢lll1.' 22,33R tollowLr%16,784 InorL' Ilian in 2022; I44/0) Scc Illl s'l,'N¥,w'.lllsl I'dl)l.LoiiJlIliLbidll'iX uIILI- eLbouk.' w¢ liiid 21,021 tollowLrs in 2021. LomparLd lo l 0,130 in 2022. Wc hfiVL doublcd our follower% on Facebook by 107.5 /D. Sce hti s.'Ilwww.laLebook.Loni/beairix tter50 Iicehi)ok Mcmbcrs-only lour privalL pag?c).' 79 McinbLrs New iii 2023.. YouTiibe Lh&iiiiiel lo %hare oiir vide05.' 66 subscribcrs. See Maiiy thai)k% to Members who have sent UsefLII iiifomi<ltion lo share on social media and the websilc as WLII t() Socicty SL'¢rLtary, Lindsay MoLn, for hLlp in po%tin&T on .%ocial In¢dici. Our Inost popiiliir.%oLial i)Icdia posl was a Cl)rislmas lin21 gc on Insldgrain. li reacl)ed over 240,000 people and crealed many new f()Ilowers, (11)d SOiiiL bLLdlliL Mcnibcrsl Social Incdia11&1% bLLoine il greilt Wily for McnibLrs to n)eel oiliers ,Ind makL ncw friiiid% who dru Bcalrix l)ottcr cniliusiasls. Qi'er 200 qiicslions iiboul Beiltrix Potter or the Society were sent by the public via our website or social iii¥dia, and were answLrLd by a tLam of Socicty i'olunteers. 4) STRUCTURE AND MANAGEMENT 4.1 The recruitment and appointment of the Commiltee The election of Trlislees is govemed by the conslitulion of ihe Socicly. Eight Trustees are elected froni the membership aiid form the core of the Comniitlee running the SociLly. with rigyhts lo volc. TruslLcs are clccted clt AQIMS. cacti for a first period ol- Ihrcc ycars with Ihc possibility of a sccond tl)rcc-yLar tLrm.
TRUSTELS REPORT FOR THE YEAR isf DECEMBER 2023 Per our byelaws, the Conwnittee may cw on an annual basis, up to four Members of the Society as they deem necessary to maintain opeTalions" such COted Members do not have the right to vote on Committee de¢isions. The Committee annually invites representstiv4s of ldieS that have important connections witb the life and works of Beatrix Potter to serve as ex-officio membus of the Committee, also without voting rights. During 2023 these included the National Twst in the Lake District 2nd the V&A Museum in London. Non-voting overseas Liaison Officers are appointed by tbe Committee in Nortb Americ4 Australia and Japatl They conduct outreach to welcome new Members and plan regional events. 4.2 U$¢ of volunteers The eight Truste together with those who are COwOPte4 are unpaid volunteers. each with a particular area of responsibility. We are extremely grateful for their goodwill. &8 well as that of several other Member5 who undertake vaTiOUS tssks for the Society, including those who serve as Overseas Liaison Officer4 publication Editors and ReathnWJntrthing Beatrix Potter Organisct& 4J Committee meetiDgs 2nd Admintra(lOn As a result of having to meet virnwlly in 2020 due to the Covid-19 pandemi¢. and as became the common practi¢¢ in 2021, the TnLStees did not gather in-pernon for the majority of Committee meetings in 2023. but rdther worked vittually via en11 and ZLy)m to Iwidle administrdtive rnatters and provide leadership to the Society. For the second year in a row. to better accommodate the variety of time ZODes and employment schedules of Committee volunteeT& the Committee opted to meet monthly on a set schedule. as approved in November 2022. Society Committre meetings io 2023 occurred in the third week of the month, alternating every other Friday and sathday. There were two in-person Committee meetings in 2023. one in March in conjunction with the AGM. and one in September in conjunction with the Autumn Meeting. Committee members and other5 deal continually vlith queries from the media and public, and, as possible, pmvide replies and lstance. An independent qualified bookkeeper. Emma Benso]L cotitinued as our Financial Adminxstrator and worked sucCsfUllY with Karen Mcllwraith. the Trelwrer. to ensure the smooth nmning of the Society's fmances. tn his Tole as the Sales Manager, Andrew Wiltshire also continued to WO with the independent dispatch company. Task Fulfi]ment Limited (TFL) of Brightlingsc4 EsseL to ov¢r8ee the professional storage and posting of the Society's merdwthse to Members and the public.
TRUSTEES REPORT EMBER 2•23 4.4 Meetlngs open to Members and the publi¢ During 2023. the Society conducted four mectingslcvcnts. both in-person and via Zoom, that reached approximately 300 Members and guests. A Spring Weekend was conducted in Manchester on 25-26 March. It began with a walking tour led by David Pepper, featurin8 his research on Potler-rclatrd places ID Manchestcr from the 18(M)s. Hc gave each partiCiP8nt a packet of infomation that has since been placed on the Members Only section of the Society's website. The wk was followed by the AGM and Linder Lecture. offered for the first time via both Zoom and in-pet50n, thereby allowing Members from afar to participate. The in-person group mei at Cross Street Chapel. where Potter family friend William Gaskell had been a Unitsrian minister. He attended to church affairs md promoted education and other social refornis for mill workers, while his wife, Elizab¢th, wrote ground-breaking novels that bigblighted the pov¢rty and suffering of the working poor. After the AGM. Dr Matthew Kelly, Professor of Modern History at Northumbria Unive15ity. presented the Linder L¢¢ture. He focused on his new booK The Iyomen Fyho Saved the English Countryside, which highlights Beatrix Potter as one of four key land preser¥ationists. The following day, about a dozen Members took a tour of Gaskell House, the home of William and Elizabeth Gaskell, where Member Judith Gore treated them to an arrny of piano lunes from Potter-related films and the ballet. Afterwards, Members ¢njoy¢d th¢ café and bookshop. On 28 July the Society facilitat¢d a ZA)om meeting in ¢ollaboration with The Linnean s)ety. where Bcatrix's paper about her scientific studies on thc gennination of sp)res was read in 1897. Dr Fred Rthoades, a retired rnycolo8isV]i¢henologist from Western Wthin8ton University. presented 'Celebratin8 Beatrix's Interest in Mycology and Lichenolo8y on her Birthday.. a comprehensive overview of ber my¢olo8y Studie4 botanical drawings and related research. Afterwards, Member Marta McDow¢ll interrfiewed him aj facilitated a Q&A session. The Autumn Mttting in the Lake District was behl on 22-25 Sepiember. The event opened with a 'Meet & Greet, reception at Utopia Café, located near th¢ main venu¢, the Matchcsi Centre in Winderniere. Saturday included two talks. one from DT Rosalind Rawnsley, great-gTanddaughter of Canon Hardwicke Ra)sleY, who spoke about Rawnsley and Potter- 'A Nation's Heritage. _ and her recently-published biography, Hardwicke Drummond K7wnsley. In the afternoon, Amy Bateman spoke about 'Behind the Scenes, when preparin8 her award-winning bool Foty Farn. Time was also spent videoing mini-presentations by twelve Members about various aspects of Beatrix Potter's art, as part of The Linder FoundatioD/wcb3ite projecL There was then a private tour of Hill Top, and dinner at Lindeth Howe. Sunday was a day of field trips - to Yew Tree Farni for the 'Herdwick Experience to Wray Castle for an exhibition of Rupert Potter's photogrdpILS' and to the ATmitt Museum and Library to see Beatrix's original fungi paintings. On Monday, eighteen Members gathered at Town Head Fann in Gr&smere, where Emma B¢n50n taught th¢m knw to make needle-felted Herdwick 'baubles' using wool from her family's sheep.
THE BEATRIX POTTER SOCIETY TRUSTEES REPORT R THE YEAR ENDED EMBER 2023 Finally. the Society plann and facilitated its annual Holiday Quiz Member Show & Tell on 2 and 9 December, attended by Members from eight countTies. Emma Drag, a newly Co-opted Committee member, developed a fun and challenging new quiz for us, and Members Beverley Speck, Linda Zimmer. Yoshi¢ Takabashi, Lyi¢ Moriarty, Barbara Heike, Suzanne Paluszek, ADney Harris and Lindsay Moen shared their favourite items from their personal collections featuring characters from the little books. Janet Edwards and Catherine Minard won the quiz on consecutive weekends, and the prizes were copies of Claire Garland's new booL Knitting Peter Rabbit. donated by its publisher. (As a finale, Susan Andon and Anney Harris showed everyone the Herdwick 'baubles' that they made at the felting Class during the Autumn Meeting in the Lakes.) 45 Membershlp On 31 December 2023, there were 544 active memberships in the Society, the same as at the end of 2022. A County-specific breakdown follows.. UK- 224. USA- 246, Japan- 14, Canada- 18, Australia- 13, The Netherlands- 9, France- 5 and between l and 3 each from Belan Croati4 Gernwiy, Ireland. Italy, Jersey, Guemsey. New Zealand. Norway, Spain and Taiwan. Membership categories are 468 individual membership, 61 joint and 15 institutional. During 2023, 149 new people joined the Society, 26 people have had Membership since 2020, 32 people have had membership since 2021, 73 have had membersbip sin¢¢ 2022 and 264 people have been Members since before 2020. The age breakdown of membership is 9 (18-25 years). 21 (26-35 YS). 54 (36-50 years). 170 (51-65 years}. 250 (over 65 years). 40 preferred not to say. In 2022 the age breakdown was 4 (18-25 years); 16 (26-35 years). 54 (36-50 years); 155 (51-65 years). 270 (over 65 years). 45 prefeTTed not to say. In response to the question about how people first heard about the Society the results were: 94- Beatrix Potter Society website. 37- publication. 86- recommended by a friend. 35- search engine e.g. google: 68- social media; 206- other, 18- did not answer the question. -iO-
THE BEATRIX P TfER OCTy TRUSTEFS REPORT FOR THE YEAR ENDED 31 ECEMBER 20Z3 4.6 Dats protection Throughout its activities during the year the Society ljas ¢ontAnued to follow the requirements of the General Data ProtectioD Regulation (GDPR) aad the Commit*e has the proper processes in place to safeguard the personal data of Membets and individuals from the publi¢ who use our website and Sla] media sites. The Society carefully manages the privacy of member data to: enhance personal privacy for Member an)lications. and allow event attendance and purchases. otTer more transparency as to why, and how, we use pwsonal data ab)ut Members and visitors to the Society's website (tbis inforn)ation is available through the link- Data Privacy Policy- in the footer of the Soci¢ty's website): bave defined processes in place for prti and Stori petsonal information dat4. ensure that all Committee membeTS (ond ¢eTtsin othets) are aware of the GDPR regulation and... . understand that financial ltieS can be imposed on the Society, for breaches e.g., loss of personal data to an unauthorised thir&paty. 5) PERFORMANCE S. Merchandise and PublitionS Sales The Society's website shop continued trj be an imprtsnt source of income through the sale of publications, greeting cards, and other merchandise, such as the ever-popularJournal andNewsletter (J&N) storage binder5 and a&sociated back-copy issues. Our new website brought more website traffic and increased sales. The hard work of Angela BettinK the Society's Website Manager, and her maintenance of the shopping pages is very much appffciated. So, too. the help of David Flanagan. our IT adviser, wlio takes care of the Internet order and payment systenL Valuable income was also raised via volunteer-run bring-and-buy sales (from both in-person stalls and digital sales). and- in September- via the new iDitiative of an online Silent Auction. The Society is grateful to the Membets WIK) orgawsed these events, aDd to those who th)nated itcms to make them possible.
BEATRIX POTTER SOCIETY TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 6) PLANS FOR FUTURE PERIODS In 2024, the Society plans to focus on the continued education of the public, including young people, about Beatrix Potter and ber life and accomplisliments. In the last year, this has been made especially possible through new developments using Linder Foundation funds that were received in 2023. The 8f4nt funds allowed the Society to create a film about Beatrix Potter and a variety of videos featuring Society Members, in which tbe art alld life of Beatrix Potter was discussed and celebrated. These videos, which will slowly be released in early 2024. will help inforni and edu¢ate the public about Beatrix Potter and her artistic accomplishments. With the aid of these videos. together with the new website which was laun¢hed in 2022 (also funded by The Linder Foundation), the Society plans to fither develop its online presence by using new educational tools. such as podcasts, YouTube videos, and relevant forn of social media. The J&Nwill continue to infonn about Beatrix Potter and to seek new Members, The Society also hopes to increase its offerings of both Zoom and in-p¢rson tneetings, to promote its Introdu¢ing Beatrix Potter and Reading Beatrix Potter events, and to trial a new method of incr81n8 membership by offering meetings and events to non-members for a nominal 'try us. fee. The aim is both to expand the audience and numbers reached by the Society, and to raise fimd8. Otber new initiatives, and efforts to recruit new Members for both TTUgtee and Cpted roles will also ensure the continued success of the Society. 7) FINAIYCIAL REVIEW 7.1 Pollcy on reserves The conunittee has examined the Society's requirements for reserves in the light of the main risks to the Charity. It has established that reserves are required to meet the working capital need of the Society in order to enable it to continue its current activities in the event of a drop in funding* to provide re50urccs to purchase items at auction (or otherwise for sale) to augment the collections of Beatrix Potter original material held in the UK to finance the Society's two special projects (RBP and V3P). to allow it to sponsor schol3 to attend conferences, and to enable grants to be made to other bodies with similar interests. The committee has assessed the level of unrestricted funds Dot conllnitted or invested in objects, programme-related investments or tangible fixed assets required to be retained as a reseryc as between three- and six-months. expenditure. The present level of available fvnds is £269,832, which is sufficient to satisfy the assessed reserves requirement. 7.2 Investment polley and objeelives The Restricted Objects Fund amounts to £3.400 at year end 2023. It is kept for the specific purpose of acquisition of Beatrix Potter memorabilia and original mafrrial. The committee reviewed their poli¢y for investing funds and found that the facilities of HSBC supplied better attangements than CAF Bank. Thus, the Society's accounts were combined into two holdings at HSBC, a Community Bank accowit, and a IBusines$ Money Manager account. The only other investment is the programme related investment of shares in The House of the Tailor of Glourester. -12-
THE BEATRIX P TY TRUSTEES REPORT FOR THE YEAR ENDED 31- DECEMBER 2023 7.3 Rtsk revlew The committee has conducted its review of the major risks to whicb the charity is exposed. and systems have been set up to mitigate those risks. Internal tisks are minimised by the implementstion of procedures for authorisation of all fmancial transactions and projects. The procedures are periodically r¢view¢d to ¢nsur¢ that th¢y still m¢¢t th¢ nee(ts of th¢ Charity. 8) Finan¢ial Instruments &1 ObJe¢llves and policies The clwity's activities expose it to a number of fllwicial risks including crediL cash flow. and liquidity. The use of financial derivatives is governed by policies approved by the trnstees, which provide written principles on the use of financial derivatives to manage these risks. The chlty does not use derivative fllwicial instruments for sprfuiative purposes. &2 Cash flow risk The charity's activities expose it primarily to the financial risks of changes An foreign currency exchange rdtes and interest rates. Interest bearin8 assets and liabilities are held at a fixed rdte to ensure certainty of cash flows. 8J Credlt rlsk Th¢ charity's principal financial assets are bank balances and c&sh, other receivables and investm¢nts. The tStee$ have Considered the risks that affect the day-to4ay operntions and have adopted procedures that are appropriate to the size of the charity. 8.4 Llquldlty rtsk tn order to maintain liquidity to ensure that sutricient funds are available for ongoing operations and future developments, the cbarity uses a mixth of long-tem) and short-temi debt fllwice. Further details about liquidity risk can be found in the Statement of accounting policies in the financial statements. -13-
EYEA DED31sf D EMBER 20 STATEMENfoFTRUSTEEW RPoNsIBILm&s with appliubl¢14W 8ryIUnil¢d Kingthm Attountiog Styndorth iDdth&FUw11[ Ryrting Standard GeJKrnlly Awed A¢Munting Pra¢¢1 fOrh financigl yUrwbi¢hWeatn and fairvi¢w ofthe ststsof affAifS ofth¢ thity attdof the ¢ rfquird to: slateMts cwlywith the aMri¢ic%Act 2011.the Clwiii¢s{A¢c•unts and Rem) The trystecs are Tup)Ne fwthe rniinknarn% •nd intwty of the dwity iffjfommtion -1
THE BEATRIX POTTER SOCIETY REPORT OF THE INDEPEIYDENT EXAMINER INDEI PENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BEATRIX POTTER SOCIETY I report to the charity trusle¢s on my examination of the accounts of the charity for the year ended 31, De¢¢mber 2023 which are set oul on pages 15 to 36. Respective responsibilities of trustees and examiner As the charity"'s trustees of 'l"he Beatrix l)otter Society, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act ). I report in respe¢l of my examination of The Beatrix Potter Society's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independcnt examiner's statement I have Lompleted my examination. I can confinn that no material matters have come lo my attention in connection with the examinalion givingy me oause to belteve that in my material respect.. accounting records were not kept in respect of The Beatrix Potter Society as required by seclion 130 of ihe Act- or 2. the accounls do not accord with those records- or 3. the accoun15 do not comply with the accounting requirements concerning th¢ fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that ihe a¢counts give a 'true and fair view, which is not a malter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts lo be reached. A E LISHMAN. Fellow Member of the Association of Accounting Te¢hni¢ians Jackson & Grdham, Lynn Gartli, Gillittggate, Kendal, Cutnbri4 LA9 4JB 15-
BEATRIX POTTER CIETY STATEMENT OF FINANCIAL ACTIVITIES THE FINANCIAL YEAR ENDED 31sf DECEMBER 2023 Combined totsl 2022 Total 2023 Unrestrl¢ted RestrActed Note Income from: Donations and Le8acies Charitable activities Other trading activities Investment Income 29,797 11,033 40,830 36,651 15,846 15,846 10,719 TOTAL INcOlTE 730 Expendltmre on: Raising funds Charitable activities Total expendltsre (2,180) (2,180) 4,911 33 334) 42 18 Net Income Other recognlsed 8alnslOos$es) Gains on r¢v8luation of fed assets Net movement in funds 15 R¢¢onelllatlon of fundj Total funds brought forward Total funds carried forward 18 -i&
THE BEATRIX POThER SOCtE BALANCE SHEET AS AT 31ST DE 2023 Combined total 2022 Note 2023 Flxed assets Intangible wets Tangible assets tnvesknents 13 13 14 8.294 178,158 9,331 172,358 18 452 Current assets Stocks Debtors Cash at Bank and ID hand 15 16 14,832 165 120 786 135 783 15.795 1.506 103 287 120 588 Creditors: Amount$ falllng due wlthln one year 17 io 12 Net current a&8ets 118029 Net assets 312523 300718 Funds of the charity: Restricted 42,691 34,176 Unrestrkcted Intome fvnds Unrestricted 83 266 42 Total funds 18 312523 -17-
TIIE BEATRIX P(yfTER SOCIETY IYOTES TO THE ACCO FOR THE YEAR ENDED 31ST DECEMBER 2023 I) ACCOUNTING POLICIES ststement of compliance The fmancial statements have been prepared in accordance with Accounting and ReFM)rting by Charities: Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Starthd applicable in the UK and Republic of treland (FRS 102) (effective I" January 2019)- {Charities SCRP (FRS102), the Fijwicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Basls of preparAtk•n The Beatrix Potter Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or tt8nsaction value esS otherwise ststed in the relevant accounting poii¢y notes. The financial ststements are Prepared in sterlin& which is the functional currency of the clltity. Monetary amounts in these rUwla1 statements are rounded to the nearest £. Coing ¢on¢ern The trustees consider that there are no material uoc¢rtsinties aiK)Ut th¢ ¢]]arity'S ability to continue as a going conce Jndg¢ments and key sources of estimalioD uncertaiDty The preparation of the financial statements requires management to make judgements, e5titnates and assurnptions that affect the amounts reported. These estitnates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to bc reasonable under the circums. Adual results may diffff from these ¢stinles. Income Voluntary income iDcluding donations. wfts. l¢gxies, and grants that provide core fimding or are of a general nature is recognised when the charity h&8 entitlement to th¢ income, it is probable that the inconLe will be receive4 and the amount can be rnered with sufficient reliability. Donations and legxcles Donations and legacies are recognised on a receivable basis when receipt is probable, and the amount an be reliably MsU[c(L Menjbetship subslpti0llS are recognised in the period to which they late. -18-
THE BEATRIX TfER SOCIETY NOTES TO T OUNTS R THE YEAR ENDED 31ST DECEMBER 2023 Deferred Income Deferred income represents amounts received for fijture periods and is released to incoming resources in the period for which it been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting p¢riods, or The donor has imposed conditions which must be met before the charity has unconditional entitlemenL Other trnding activities Publication tncome and bring and buy income is recognised when receipt is probable, and its amount can be measured reliably. Investment Income Interest Income is reco8nised in the year in which it is received. Charitable aetivitie5 Income from promotion and events undertaken by the society tn delivery of their objects. is classified as Unrestrict fuuds as there is not a requirement for the In¢ome to be spent on a particular purpose or returned if unspenL if this were the case it may be regarded as restricted. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount Can be measured reliably. All costs are allocated to the applicable expenditure heading those aggregate similar ¢osts to that category. Where costs cannot be directly attributed to partiwlar headings, they have been allocated on a basis consistent with the use of resources. Raising funds These are costs incurred in trading activities that raise funds. Charitable activitles Charitable expenditure ¢ompTises those costs incurred by the charity in the delivery of its activities and services for its beneficiaties. It includes both costs that can be allocated directly to sucb aotivities and those costs of an indirect nature necessary to support them. Support ¢osts Support costs have been allo¢ated to activity cost tegories on a basis ¢onsistent with the use of resources. -19-
TY NOTES TO THE A uNrs FOR THE ED 31sf DECEMBER 2023 Governance costs These include the costs attributhble to the charity's complian¢¢ with constitutional and staiutory requirements, including indqjendcnt exarniner's fees. Taxation The charity is considered to pa&8 the tests sei out in Paryph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charitable compaDy for UK corporatioo tax purposes. Accordingly, the charity is potentially exempi from taxation in respect of income or capitsl gains rcceived within categorics covered by Chapter 3 Part I l of the Corpx)ration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that 8uch iDcorne or gains are applied exclusively to charitable purpos. -20-
THE BEATRIX porrER SOCIETY NOTES TO THE ACCO ¢ontlnued ENDED 31ST DECEMBER 2023 Tanglble assets- Objeets owned Objects owned by the Society are stated at valuation. Valuation Tcprescnts the Comtnittee's asse55ment or the open matkct value of each item. sUptted by pcriodie expert opinion. No dwre¢iation is clw8¢d. Tanglble tlxed imets Individual fixed a&sets are initially rttorded at cosL less any subsequent accumulated depreciation and subsequent accumulated impartment losses. Depre¢l4tlon and amortlsadon Dcprcciation is provided on tsngibl¢ fixed assets so as to writ¢ off th¢ cost or valuation. less any estimated resithial value, over their expcctcd USefi economi¢ life as follows: De redadon method and rat Projector 2(PA strnight line Objects own 25% reducing balance Website D¢v¢lopment I/0 on cost Programme relsted Investments PrOamMe related investments are made in of the charity's ObJts and any investment return is secondary to the charitable purpose supported by the invesknent. Such invesknents are included al their Cost. Any loss or impainnent arising from su¢h investments is charyed 08 part of ¢haritsble activities within the Statement of Financial Activities. Stoek Stocks or pubIications. greetAn8 cards and badges are valued at the lower of Cost and estimated sellin8 price less costs to complete and sell, after due regatd of obsolete and slow-moving stocks. Cost Comprises of direct publication or purchase costs. Trade debtors Trade debtors are amounts due from custom3 for metchath sold or scrviccs perfornicd in the ordinary course of business. Trnde debtors are recognised initially at the transa¢tion price. They are subsequently measured at amortised cost using the effective interest metho<L less provision for impairnient. A provision for the impairn]ent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the oriwal tern of the receivable5. -21-
THE BEATRIX POTTER SOCIETY NOTL8 TO THE ACCOUNTS continued FOR THE YEAR ENDED 31ST DECEMBER 2023 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and ¢all deposits. and other short-terni highly liquid investtnents that are readily convertible to a known amount of cash and are subject to an insignificant risk or change in value. Forelgn exchange Trdnsactions in forei8n currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailin8 at that date. Fund Structure Unrestricted income funds are general funds that are available for use at the tNstees' discretion in furtherance of the objectiv¢ of th¢ charity. The revaluation reserve comprises the difference between the original recognition value and the balance sheet caY]ng value of the Society's objects owned. Designated funds are unrestricted Sjnds set aside ftir specific PUTposes at the discretion of the th]stees. Restricted income funds are those donated for use in a particular area or ft)r Splf1¢ purpose5, the use of which is restricted to that area or puqyose. Financfial Inslruments Classlfieation Financial assets and financial liabilities are recognised when the charity becomes a paty to the contractt]al provisions of the insttwment. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilitie5. Recognition and measurement All financial assets and liabilities are initially measured at transaction pri¢¢ (including transaction costs), except for those financial assets ¢lassAfied as at fair value through profit or loss, which are initially measured at fair value (which is nornlally the transaction price excluding transaction costs). Unless the arrangement CODStitutes a fll)aDcing transaction. If an aTfdngement constitutes a financin8 transaction. the financial asset or financial liability is m¢asured at the present value of the future payinents discounted at a market rate of interest for a similar debt instnllnent. Financial wets and liabilities are only offset in the statement of financial position when. and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
THE BEATRIX POTfER SOCIETY TO THE ACCOUNTS eontlnM¢d FOR THE YEAR ENDED 31sf DECEMBER 2023 Financial assets are dcTecogmised when and only wIn a) the witrd¢tual rights to the case flows from the fll)ancial asset expire or are Settle b) the clwity transfets to another paty substantially all of the risks and Tewards of ownership of the financial assel or c) the charity, despite having retained some, but not all. significant risks, and rewards of 0c[Ship, has transferred Control of the asset to another paty. Financial liabilities are dereco8nised only when the obligation specified in the contract 1$ discharge cancelled, or expires. IDvestments Investments are measured at fair value througb profit or10&8. Where fair value cannot be measured reliably. investments are measured at cost impaimienL Investments in subsidiaries and associates are measured at cost less impairnienL For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nomi] value of the shares issued plus fair value of other ¢onsideration. Any premium is ignored. Fair value measurement The best eviden of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent IraDsaction for an identical asset provides evidence of fair value as long as ther¢ has not been a significant change in economic cirCUneS or a significant lapse of time since the trawaction took place. If the market is not aclive atMI recent transactions of an identical asset on their own are not 8 good estimate of fair value, the fair value is estima*d by using a valuation technique. -23-
THE BEATIUX P ER SOCIETY TES TO THE ACCOUNTS ¢ontinu FOR THE YEAR ENDED 31ST DECETriB 202 2) INCOME FROM DONATIONS AND LEGACILS £22.85 £104.95 £3.000.00 £i.000.00 £20.00 £20.00 £90.10 £106.00 £3.008.10 13.26 £10,000.00 (Restricted Fund) Andrew Wiltshire Book Donations Mcclurg Donation Routledge JMMF Donations Donation for advert in J&N Donation given at Autumn Weekend in Lakes Donations given via cheque with membership renewals Donations given via Paypal with membership renewals US Donations into Dollar Account Trustees of the Linder Foundation (grant awarded December 2022 for payment in March 2023) Routledg¢- For purchase of B¢atrix Pott¢r materials £i.000.00 (Restricted Fund) Unrestricted funds General Restricted funds Total 2023 Total 2022 Donations and legacies: Donations Gift aid Menthership subscriptions 9285 142 11,010 23 20.295 165 14.925 -24-
NOTE THEA NT condnued R THE YEAR ENDED 31ST DECEMBER 3) INCOME FROM CHARITABLE ACTMTIES Totsl 2022 2023 Conference. meetings and events incorne 4) INCOME FROM OTHER TRADtNG ACTIVITIES Unrt8tricted Restricted Total Total 2023 2022 General Restricted Trading In¢ome: Publication sales Events Income: USA Events Income Bring and buy sales- UK Image pemiissions Auction Income 4.473 5.491 134 1,490 345 13 4,473 7,401 5.491 2,567 134 1,490 345 651 15 S) INVESTMENT INCOME Unrestricted Funds Total Total 2023 2022 Income from dividends: Dividends received Interest re¢eiv8ble and othcr Income: Interest receivable on bank deposits 1054 127 054 127 -25-
THE BEATRIX POTTER SOCIETY NOTES TO THE OUNTS con R THE YEAR ENDED 31 DE EMBER 20 6) EXPENDITURE ON RAISING FUNDS Unrestricted Total 2023 Total 2022 General Fundraising trading $ts. Publication costs Bad Debts 2.180 2.180 7) EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Total 2023 Total 2022 Genernl Restricted Note Journal alld llewsletter costs Festive gathering (Restricted) Grants ond donations made Allocated support costs Depreciation and Amortisation Governance costs 15.019 15,019 158 794 31.059 1.037 J3,340 3.389 150 14.417 1.038 158 794 29.736 1.323 1.037 518 £47.027 (2022 - £26.013) of the above expenditure was atiributsble to unrestricted fimds and £2,518 (2022- £7,321) to restricted fiJnd8. In addition to the expenditure analysed above. there are also goveman¢¢ costs of £1.478 (2022 - £1.000) which relate directly to charitable activities. See note 8 for fi]rther detsil3. -2
THE BEATRIX POTTER SOCIETY NOTES THEA UN on FOR THE YEAR ENDED 315f DECEMBER 2023 8) ANALYSIS OF GOVERNANCE AND SUPPORT COSTS Support costs alloeated to cblrltable Acdvltles Governance Finance costs costs Administration costs Tota] Total 2023 2022 Task Fulfilmertt Filming & Vi(ko c¢)*s 2,411 10,0 2,411 lo.¥ Software 994 Auction Costs 155 155 Sundry. travel. subsistence Committee meeting expenses Printing, postag4 stationery and telephone Insurance Financi athninistration Credit card and bank charges Webslte and publicity 8,879 1.060 8,879 1.060 2.922 387 ,773 2212 387 1.982 1.773 1,522 3,690 4,195 1.324 600 1.478 lJ24 32 538 15 417 2023 2022 Governance Costs Examination of the financial statements 9) NET INCOMINGIOUTGOING RESOURCES N¢t incoming r¢sourc¢s for the year include: 2023 2022 Other non-audit services Independent examiner's fees 1.000 1478 1000 -27-
NOTLS TO THE ACCOUNTS ER 2023 10) TRUSTEES REMUNERATION AND EXPENSFS During the year the charity made the following 1TrnSac with trte: £1.025 (2022: £1.025) of expen5e5 weR reimbursed to 4 trustees (2022.. 4) the year. Al the balance sheet date the amount due to O trSleeS (2022: 0) was £Nll (2. £Nil). No trustee5 hav¢ receiv any other benefits from the Clwity during the year. 11> STAFF CO The avernge h¢8d count of employees during the year wa5 Nil (2-NI7) No employee 1Ved emolutnents of more than £60.fM]O durin8 the year. 12) TAXATION Thc charity is a rcgis*red charity and is therefore exempt from taxatio -28-
BEATRIX POTTER SO TEST THEA comtlnued FOR THE Y EMBER 20 13) FIXED ASSETS IDtall8lble fixed asiets Wehlte Total Cost At 111 January 2023 Additions At 3 I¥E December 2023 tkpreciation At I. January 2023 Charge for Year At 31" December 2023 Net book value At 31" D¢¢¢mber 2023 At 31" December 2022 03 -29-
IETY R THE YEAR E]¥DED 31sf DECEMB Tanglble fixed A8¥ets Proje¢t( Objects owned Total Ct At 1° JaDuary 2023 Additions 283 172J58 172,641 Revaluatio At 31° December 2023 Depred#tloll At I" January 2023 Charge for Year Ai 31" Dettmber 2 Net book value Ai 3111 December 2023 At 31" December 2022 The Objects Own¢d orc held by the Soci for its clwithble pury and are valued annually by the respective custodians and ISoci¢ty officers WFKJ we, 8iven the nalure of th¢ Obje¢t& compelent to do so.
R SOCIETY NOTES TO THE Accouiwrs continu FOR THE YEAR ENDED 3] DE MBER 2023 Prorne related Jnveslments Totsl Coit At I. January 2023 At 31. December 2023 Provtslon At 3 i1t December 2023 Net book value At 31. December 2023 At 3 IM DK¢mb¢r 2022 Durin8 the year ended 31* Deceml)¢r 216 the Society subs¢ribed for 1.000 shares of £1 each in The House of the Tailor of Gloucester Limited. This company duly secured fundin8 to reopen the House as a museum and to operate a Beatrix Potter shop. The investmcnt was made in furtherance of the Society's objectives and is accordingly a programme related investtnen( under SORP 2015. Th¢ investment is stated at cost and no provision for impairnRnt is required at 31° December 2023. 15) STOCK 2023 2022 Stock8 (publications and merclwidis¢) 14,832 15,795 -31-
THE BEATRIX P0ER SOCIETY NOTES TO THE AccouNrs continued FOR THE YEAR ENDED 31ST D EMBER 2 16) DEBTORS 2023 2022 Trade debtors Gift aid recoverable Prepayin¢nts 1.148 165 165 17) CREDITORS: Amounts falung due Ivlthln one year 2023 2022 Trade creditors Other creditors Acczual8 467 12 12 -32-
THE BEATRLX POTTER SOCIETY TOTHEA OUNrs R THE YEAR ENDED 31sf DECEMBER 2023 18) FUNDS Balance at 31° Dernber 2023 Balance at l January 2023 Incoming Resources resources expended Balance at 31 December 2023 UDrestri¢ted fuads General General funds Revaluation Teserve 195,497 46,697 {49207) 192,987 52 DdgDat¢d Conference Totsl unrestricted funds 266 497 269 832 Restrlcted funds Administrdtion and Festive Gathering 40" Al1v¢ary AGM Website Dev¢loprn¢nt Beatrix Potter Maknials Purchased objects Jane Morse Memorial Fund Total restricted fimds Tolai fidS 20,185 50 7.068 10,000 { 158) 30,027 50 4.708 1,000 {2.360) 33 63 30 -33-
THE BEATRIX POTTER SOCiKTY OTES TO THE A FOR TH EARE ED CEMBER 2 Balydnce at 31 De¢ember 2022 Balance at I, January 2022 Incoming resources Resources expended Balance at 31 December 2022 Unrestrleted funds General General fund5 Revaluation reserve 180,351 36,248 (21,102) 195,497 226,802 45.298 (21,102) 250,998 Deslgnatsd Conferenc¢ 15,544 15,544 Total unre4trlcted fund8 298 42 Restricted fimds Administration and Festive Gathering 40 Anniversary AGM Website Developm¢nt Purchased objects Jane Morse Memorial Fund Total restricted funds Total fillids 21J60 50 2,214 (3,389) 20,185 50 7,068 3,400 {3,932) 2.400 1,000 21 42 272 47 -34-
NOTES TO THE AccouNrs con EMBER 2023 The specific purpose for which the fim&8 are to be applied are &$ follows: PURPOSES OF RLSTRIcfED FUNDS The Athninistration 2nd F&stive gathering Fund oriwlly established for donations receivable from The Enid Linder Foundation , and otheTS, and these are to be applied towards the Society's administration costs and the annual Festive GathetiDg. tn the year 31" December 2023 £10,(KK) was receive(L and to k spent specifically OD video and digitali5ation projects. (* This has now been renamcd The Linder Foundation) The Restricted Objects Fund w&$ established for donations that are to be Sed toward8 acquiring additional Objects for the Society. There was a brought fonvard balance of £3.400. All the additions made to the Objects during the year were gills and therefore not paid additions. The Carried forward balance is £3,4(X). The Society established the Jane MoTse Memorial Fund to support or assist Members to attend conferences and events. A bn)ught forward balance of £3,473 was supplern¢nted by further donations of £33 leaving a carried forward balance of £3.506. PURPOSES OF UNRFSTRIcfED FUNDS The Unrestricted General Fund amowiting to £192.987 at the year-end compriK8 £179.158 which has been invested in the ISlety's Objects. the programme related investsnents 8t its tangible fixed assets and £13.829 which is available for geneTai charitable pu4)oses of the Society and its reserves. The Revaluation Reserve mpriSeS the surplus arising on revaluation, over time, of the Society's Obje¢ts owned subsequent to their initial recognition in the balaDce sheet at original purchase cost or donated value of £116,857 and amounts to £61.301 at 31° December 2023 {2022: £55.501). The total value of our Fixed assets (objects) is therefore £178.158. Conference SU]useS are also unrestricted funds but designated by the Cornmittee, for the purposes of publishing the procecding of conferences, under the title of th¢ Studies series, and for the pury)ose of providing fu¢ for the set-up costs of future conferenKs. The conf¢Ten¢e fund may also be used for the puw)se of Providing finance for scholar5 to attend conferen¢es. A fid balance of £15.544 was brought forward from 2022 and a5 there was no movement in the year the fund balance caried forward it)to 2023 is £15.544. -35-
THE BEATRIX POTTER SOCIETY NOTES TO THE AccoiINrs eonthiu THE YEAR ENDED 31ST DECEMBER 2023 19) ANALUSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total funds at 31st Deslgnated Restrlcted December 2023 General Tangible fed assets and investments 1,000 Intsngible assets 9,331 Objects owned 178,158 Curtent assets 76,521 Current liabilities Total net assets 1,000 8,294 178,158 135,783 {1,037) 15,544 43.718 312523 Unrestrlcted Total funds at 31st Designated Restricted December 2022 General Tangibl¢ fed assets and investments 1,000 Intangible assets Objects owned Current a&sets Cutrent liabilities Totsl net assets 1.000 9,331 172,358 120,588 9.331 l72,358 80,199 15,544 24,845 250 998 30 -36-
THE BEATRIX porrER SOCIETY TES TO THE ACC contillued R THE YEAR EIYDED 31ST DECEMBER 2023 20) FINANCIAL INSTRUMENTS C*tegortsatlon of financlal Instruments 2023 2022 Financial assets m¢asured at fair value througb profit and loss 120 786 103 287 Financial liabilitie5 measured at fair value through profit and loss 21) CHARITY INCORPORATION On l January 2019 th¢ unincorporated charity of The Beatrix Potter Society became a Charitable tncorporated Organisation (CIO). The accounts for the year ended 31" December 2023 present the combined results of the unin¢o4K)rat¢d charity and the CIO. The charity met the conditions for merger accounting as set out in Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their awunts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland IFRS 102) (awities SORP (FRS 102). -37-
THE BEATRIX POTTER SOCIETY BJE WNED AT 31ST DECEMBER 2023 He thev Archfve o(Art d Desl Curr¢ Manuscript of the Rawnsley "Tale of Peter Rabbit" Greetings carf Hildesheimer & Faulkner ¢ 1890 Beatrix Potter's Manu8CriPt Journal: 1905 with Colour Transparencies of1905 Journal Peter Rabbit metal figure Cecil Sharp: The County Dance Book Volumes 2 & 3 Tale of Peter Rabbit- Altemus US Piracy Lovc Locked Out- Memoirs of Anna Lee Merritt The Lavender Garden- Norah Mary Edmondson The Tale of Peter Rabbit- Battledore, 1996 privately printed edition Cassette recording of1966 Philadelphia Colloquium Edmund Potter- Photocopy of pamphlets and 3 colour transparencieslprints George Walker letters Beatrix Potter letter to Millie Warne 6 Beatrix Potter letters and a note Watercolour from The Greenfield Beale Collection Boxed set of Greetings Cards- Warne Drnwing by Beatrix Potter for'The Pie and th¢ Paty Pan" Original Artwork- Pencil Sketches of Hedgehogs Collection of 201 Rupert Potter photO8raphs and prints 2 'Wee Folk. books by Todhunler sisters Ipurchased 2008) 2 Letters from Beatrix Potter to T¢)dhunters (purchased 2008) Roscoe Pbotographs Beatrix Potter LKtter to Millie Warne Watercolour of Rose Farnell Jemima Puddle-Duck toy The Tale of Benjamin Bunny- rust edition The Tale of Jeremy Fisher- first edition inscribed 5 Books donated by Judy Taylor- i) a fst edition, first printing of The &ory ofA Fierce BadRabbil, 1906 panorama format; ii) a fw8t edition, second issue of The Siory ofmiss Moppet. 1906 panorama fornt; iii) Peter Rabbit's Almanacfor 1929: and iv) and v) - copies of i) and li) in book fomiat 2 Letters from Beatrix Heelis to Katherine Brooke 525 1,050 20,000 100 315 50 50 105 630 io 50 8,000 2.000 5.250 1,050 150 13,000 17,000 io,oio loo 2,500 "Duchess in Sawrey" 2,5 4,550 1,000 500 1,000 2,200 2,408 LD AT THE ARMrrT RARY Bound volumes of 5 pamphlets and prints by Ethnund Potter Paper Catalo8ue of the Arniitt Library's Collection of Beatrix Potter Items 500 loo LD AT THE NATIONAL TR Grlmwades Tea set in storage box 3.675 Grimwades Tea set in stOTa8e box 3,675 Glass negatives- Leslie Linder's photography of the National Trust Collection5, plus other material 5,250 Jolm Clegg Archive {7 files) 150 Mary Noble Archive (5 files) 150 Th¢ Potter Family Archive (previously known as 'The Treasure Box,) and added in 2007 5,000 Original Drnft Indellturc for the Lease of Hawkshead Field Farni 1,712 Wood jigsaw puzzle in original cardboard box- SquiTrel Nutkin (complete) 200 -38-
THE BEATRIX YrER CIETY LIS EDAT 1ST DECEMBER 2 Grimwades tea plat¢ 7"_ in conservation box Race game board (dark red outer with original pasted on label)- packed in tissue with card folder and set of four painted wood game pieces, shaker and dice- in original box within conservation box 400 Wee Folk doll from Todhunter collection (purchased 2008) 50 Walking stick belonging to Willie Hcclis 3,750 Specimen Collector's Cabinet 14,500 Custom made display case for the Specimen Collector'$ Cabinet 3,000 Animated drawings for BBC anin)ated Series in early 19908 1,200 Photograph of CanoD Hardwicke Rawnsley 150 The Fairy Caravan- Ambleside edition- inscribed by Beatrix lo Joe Moscrop 4,500 The Tale of Beatrix Potter by Margaret Lane insrribed to Joe Moscrop 50 35 ELD BY ANDREW WIL HIRE Wal¢r¢olour of Mousehole painted by Noel Moore Original WateOI0r"v1eW of the River Tay Seen through an open window" TBA 10,000 ELD BY LIZ TER-MA FARLANE Letter from Beatrix Heelis lo Katherine Brooke dated 17, September, 1943 1,250 HELD BY HELEN DUDER I l Gramophone records (45tpm)- 1961 Little book songs 2 audio ¢Sette record8 of the above recordings Duchess in Sawrey- artwork for 8reetin8s card including CD Christine Parson's Collection of Warne Family PhotOaphS Peter Rabbit Race Game Board- no pieces Videos- BP Ballet and A.S.&C. @ £10 each Audio cassette recording of BBC R4 play"Beatrix- TIIu5trated Map of Sawrey- original artwork for cover, title page and centre spread with notes Assorted DVDS and videos including amateur fjlms, mostly made by Martan Werner for BPS archive, and some Commercial recordings Jack Ladeveze- letter re Leslie Linder and B.P.'s ashes Rupert Potter pbotos- small prints of the London Zoo photos only original Engagement PhotO8rnph of Beatrix Potter and William Heelis + 3 Rupert Potter Photographs Inscribed copy of 'The House in the Little Green Wood, from Mrs. Heelis to Freda Storey 1988 Thesis- Jttnie Coitit-Godfrey "Le Monde de Beatrix Potter" (including tr8L8lation) 165 20 50 70 50 20 io 750 408 25 io 2,300 1,750 210 HELD BY THE ROYAL BALLE Photographs of the sketche5 by Christine Edzard for"The Tales of Beatrix Potterf, Ballet TE THE AFO TO1¥4 . EXHIBITI Original Artwork- Water colour painting of Sheep painted when Beatrix Potter was aged ten Beatrix Potter's last letter to Joe Moscrop Walking stick belonging to Beatrix Heelis Letter to Katherine Brooke dated l November, 1943 8,000 2,500 3,750 1,205 TOTAL VALUE OF OBjEs OWNED AS AT 31sf DECEMBE 2023 £1 -39-
ADDITIONSIDISPOSAL OF BEATRIX POTTER SOCIETY OBJECTS IN 2023 Additions- none Disposals - none Movement of items... The Colle¢tor's Cabinet has been returned to the National Trust in the Lake District. 4 Society Objects are on Tour of the V&A "Drawn to Nature" Exhibition in the U.S.A.:. Original Artwork- Water colour painting of Sheep painted when Beatrix Potter was aged ten Beatrix Potter's l&st letter to Joe MoscTOP Walking stick belonging to Beatrix Heelis Letter to Katherine Brooke dated l November, 1943