REGISITIRCID CHARII'Y 14UMBfiR: 1176535 Report Of tliÈ Truste£% $nd Utsaudited Fln¥N¢ial Statements foi. tb¢ Ended 311)ecombcr 2023 for Sherboi'ne Museu Waid (ioodinan 4 Ced&i' Pai'k Cobhan) Road trioW11 Industrial Bstate Witnbori DotYl B14217Sb
Sli¢i'boi-nc Miiseii CoiLtents orthe Fin#EJ¢ixI Stsiteinents foi. tho YeF4r Ei 31 DoeL'Jnbcr 2021 PAg¢ Report oftht TriJ$tt Indepeiidcnt Ck xamin¢r s Reporl state1)1 of Flnxiiclal Aettvl¢le5 Ilwlgnco Sheot 10 Yi)tL's ti tlit finaiiLIHI St•tem¢Dt5 11 10 22 bétsllod St*tement of filnanc141 Acllviiles 23 to 24
Slierboriit Mu$eiiih Repi)i'l of tlic I'1118tL'es foi. the Year Ei nded 31 DoLLEnber 2023 nic tru%lees pr¢seiit their r4)orl with the fiiiaiicial %lattni¢iil8 of Ilic chariLy fni. ycai. cnd¢d 31 Deccniber 2023. 'fiie tiust¢c% havc adopted ihe piovisions of Accouiiling aiid Repoi'ling by Chai'ilics.. Sialo)Trelll of RcGoiiin)ciided Practice Rpplicablc to ¢5Ydritips pyeparinU Ihcir attouiils in 1£ ccoiylaiifje witli th¢ Finxiibial Rcporting Standai'd api)liLabl¢ in tlie Ulc and Republic of Irelaiid11.-RS 102) {cffectivc l Janiiary 2019). OBJF.erivEs AND ACTIVITIES OblL'ttIvcs allli Sl)crboiiiL mustLi1 firsl upoiicd io tliL piiblic hi) 19(?8, 114 dllTl¥ thcii, as now, beiiig for tho collwlitsii, prL%ervn(ioii dncl display for Ilie brIt OC th¥ public of ilLiii8 of gtn¢ral iiitLrL%t iiiid a150 tlio h(Ilcliiigk of IcLiiires, (lili%l(li1.5 uiid iiiCknlin¥8 relatiiig lo thL%ty and siniilar Riibject5. Ti)6 Miiseiiiii is hoLL8ed ii) the foiTher Abb¢y fiJts FIDiihe li) Ihe lieyrt ill- Sli¥1'b.17E. 111 2018 ciwiiership of tli¢ Mu5¥l1ni Wils regigiered as a CIO. TSie Mu¥euiii c(Mnpri5e% nii IlTre ¥roiind ficiui a gift shop aii(I thiee di.%playlexliibitii)n iil¥aS. I'hr fJJ',81 flooi. conlJiilR Iwu fiirthei. di8playlLxhibilioii areq5, alld 111e %e6'1)iid noor voi)81sl£ of woi'kroiJm% foT adft)iiiixtratioii. eoiikervatioii work, I'c%earcli. sloi'age of ariefa¢ts 4nd digilal iinagiiig. The r&%erve collection 18 51oTed IÉ) seciiiE prniiges al tiic otyices of the Sli¢rboiiie Town CoDiicil in shb01C. Tlie Museiiill is iiin by a voluiitary 13oard Df T151¢, who 8ppoiiII OffJp.o1% on an #iinual basig aiKI a cl.lor oli & peniianbiit basi8, attd other in¢inb¢r% as Liiid wlicii i-oquired. All in¢nibei% of tlic Ijoiii'd are TISte£8 of thc chatiiyi F3oai'd iMI'¢ijii&% re held at Ic&st EV¢iy 2 IM)iiths. Shoibotne Mwum wa8 ILgi%tercd a$ 8 CIO by Ilir Lharity Commi891011 01) 5111 JaJiii1Y 2018. The CuiEtor is delcgaled Iv gejicil1Y inaiiage tht LUllllItIB of the ii)iistuin oil a day-lo-d&y ba%1%. iiicludiiig publi¢it>' aiid re¢iuilinetLI. aiKI holds rc8uIRr iTht¢tittg%lbtiefiiigs with of volui)lary workcrb. Close ¢QDtyCt is ingintrinttd witli Diliei volunlry bodies anil cdilc4tits1 e£iablishineiil%, and evni% and aciivilio% arc orbpanisul 10 nurlurL' Ili¢sc liiik%. The CurDlot it also guided by a Museum l)cvelDpineiil Otricer and Mentoi- niaiiitains linkq within tli¢ herita¥¢ .4cclof includirtg the Nortli thir%et Milseu$ Gmup? the Dor6et Mu8eiiJYL8 Assorialion, Ihc As£oGiatiort ofindewndent mUelnI IAIMI, Thc SW Fcd¢iatkon of Mliseuins 4iiid Art Galleries and tli¢ MEisciims Associalitsn, by kittcttding meelitEg4 iNd woi'ksliops 4n7nb>ed by tlitsG bdifk¥. Tlic CuYatoJ' impatis iuforniftiion on the standards ne¢dcd to A¢¢irdiiaiitsn froi)i Art% CviinLiI F.iigland alid enyurcb adlIrce ID the Miiseumb AssocIlin Cod¢ ol. F.Ili1. T116 Ciirator also arraiiges tr?Énii)b, foi" Mu8tuin volvttte¢rs whol'e apwL)pisat¢. Public bciicfit Tl objtLtives tsf Ilie mL¢u1Tt as 51&ted in oijr c.i)[liti1(1o1l are ds tolli?wts: l. Tci adv&h¢¥ edLkLalinn foi. Ihe publi¥ bert¢fil, in lYlIGi)li1r bill iiol exLltisivcly, in ihe liislory L)rthe lown r)r Sliei'bome #lid tl 811tt0unding aiEa. ItR hei'ilage, notiiral lii%tory aiid ciilthr¢. 2. To provide aiid iiiRinlair a niiiseuir at Ilic IlTOPOry kiioivii as ilie Abbcy Galelioiisc iii Cliur¢h L&i)e, SlkriH>riio ov su¢li to collect. boiTQW aiKI loti collettiotts relatirtg lo th¢ are&,. to InanaEe. d'Illent, coft%eiv¢ aiid safeuiu8rd th¢ miiseuim collLclioii& al holdiiigyg t9 C-Alikbil, Intpit[ aiid provide &c¢es& to th¢ mii%eum ¢ollecllOIIS Eli holdiii&%' to prowide Iciiniiiisexperieiieex aiid a¢livitie% for tli¢ publi¢.' to piDvide exhibitTDn¥. cOnfee$, w()rk$hO aiid otlicr cvenl% both on- xiid olT-%tt¢', to rcseurGh4 PTUlI)olo and piiblisFI &lLidie¥ trf rhe area. 3. Tn und¢rtiilLe any Oth'¢Irital¢ PUlT)04e. Tli¢ Triistees have du¢ regard lo tli¢ Chai'LtS£5 Coitkiniss%oty giii1151Mce on piiblity beiicfit. PaE¢ I
Sh¢J'liorne MuieiLIII
Report tlie'l'ru$tees
f(br th¢ VLbr Ended.31 DLcernbev 2023
ACHIFI VLI MCI NT AND IbEIlUPORMAIYC
Cliaritablo hctivlliès
The iiiLiseiiiii WEiS opcii froin Fcbruaiy lo MaTbl) on winl¢r vpLYiiiigTr IIOEIIT 1nd liuin Apj'il to Iiiid-Dcccnib¥'r iii 2021. A i(Ital
of 7,0%2 Visitors thigagcd with the iiiuseuii) diii'inb Iliis perio(I, incliidingT 5,IC)5 idults att(1832 bhildiLn ivliv to vityw ilic
exliibiti¢iis' whiLli del{)111.¢¥ R 20Q/ts InLr¢ase in iiitiiibeA7 Lumy,Throd to 2022. Atiend.IllLQ Al Ilie Wiiiter Talks l)us <cidily
inLI'&is¢d, a5 lias tt iiew icain'5 oiIIILach lo ridelIti1il 1nd rl hDiiie%, r¢sLiliiiiu In 1,171 people ilikTHg¥d, T]iYec Incijor
lid1}ser cvenL%. 'R¥Elagiii8 Ihc Pa%l'. lh¢ Sloiy ol. E.Ti.%loriLal Pagv4iilK" (May 16111), 'Tlic FIislory tkf Il Rolld.. Piiifvrd Lanc"
(I lili Oclobcr) aiid 11)e niiistum's aii)iu#l utlllllll qLIII. LoiilI'>l?ulLd io tlitt8e figiirc¥.
We recesvttd visiL% fi'oim Tli¢ fiiyplithn aiid 8roiii)s of tsveiyea¥ slitilv.nl.4, til%(I d &ILIp ()f iiluiiii):
rr01 Loi'd Dibtby's
School. A pr?12t101l &?ivwi 011 Pdck Moiiilay Irtt(li15Qi)8 Its IhL LlTrilclrcii ol. Sh¢YboimL Priiiiary Sbliuol. Fccth)ack
Lallici'rLI 011 pi.evat(l furt]is pt)$1-Vl8il iiidibaled wc aLliievLd hi55h sui¥&q oil i>r
Sh¢1'bore M115eiim RL'POI't of tlie'frtJStc&% f¢bi' the Ye:Ir Fiidtd.11 DcLeiAbep' 2027 Thtr iniinediatv iiilieriied ba¢kloLT of aCLeEsiaii% ha% bce11 procu%%ed. The oiigoiiig dttacce%%ioiiiiig plo01in1]1E bcgTLIII ill &ichivcs, boukts 42iid tcxtilc% will Yc8ult iii niore resilieiit aiid Irl¢vaiii Lollceiioiis and ihc proces$ will ivi(l¢i) to ii)cludL olhcr collcctiOTk%. A% docuiiiciil81ioi) work contllllTC5 Ill( loiitsTr.slaLidiiig arlcfacls ar¢ l)¢illbY revcalcd that Liilici. liad not be¢ii acce%sioiied li) lh¢ Iirsl iii%laiice or which Imve bwoiiic divorccd fioin Ih¢ii- occe%sion nuinbGIB. Tlii% pi'oblcin 1% slowly bciii resolved. Thc mu%euin otsiliiiiiies to btyiKfit froni iiwiiibuship of th¢ Notth Dor¥d Mii%¢un)¥ (iiuup atid tho DoiTCI Mu%ciiiii% A88latiO17 iii l¢rniE of i))ulu&l i)ubljLily. SllPPi)i'l. %kill-%hariiix 81)(l &ilviec. Wc alho if¢GiVb &dvÈcc Jnd training (Ipi)orlLiiiiIIL'S froiii Ilke Aolation of Ind¢peiideiil Muxciinis IAIMI aTKI (ho 8oiith W&st Mu%¢uin DcvclopiiiLllt Pi'r>uiiiiiiic (SWMDPI d D8¥ aiid Tcxiile 8pociali¥l8 IDATSI. Wc algo 4uicl a reEulai' iil1oii(Icc lo tlie SIILibDriie Toiii-i%ii> foivin and lJav¢ b¢coin¢ inejnbers Df lh¢ ShtrboJii¢ Chamber ot- Trad¢. R¢i)IEscnllltives al.8Q Itxul4Yly cillcnd ilic An1& P8ris11 M¢¢liii8 sn thc town. ir wcbsitc aiid 118¢ of 50citsI mcdJ<i 114$ beets priiised by Visit Enb?Inn(l. Oiir viitiial auiliLIILYS tiun¥iEls ol. T.579 follower5 on FaLLbook. 2,553 011 Twiller 722 011113%1akry?m. (hir ncw wcbxiie degiw)ed by Kev Swind¢ll of Wykc Creative w¢nt live Lti tlie of 2ai3. Oiir rerve Lollectioiis u)iiliniK' lo bl IILld Il)0 CuuiiLiI PiLmitsLs clt Maiior Hou8L ii) N¢wliind. Slicrboriie Tomm CnuiiLiI 11É5¥ also kiiidly aEreed I1 biiildii1 lo 4¢É El% ILmp(Irilry rL'ptr%ilory fiw VLilii¢izble Éloins sliuiild LinLI'guiLy I)CLLIr. Mcml)crship r¢vi6w Meinbei'shi}1 siib%ci'ipliQllS arc a vital coiilribution to oiii. iiicoine, ai)d 111eii)berq ciijoy vrtiious btsiicfits. iiicludiiig frcc iofjur.%¢ri&8 of Wintet Talk%, & biaiiiiiithl i)eiv.%l¢ii¢r, gce¢ss lo regeartli f&cililies aiid discouiits oil ¢¢rtain ovciil%. Iii 2023 wc sainod 21 inesnbeis. Wc lost 10 throiigh de&th, caiice15atioii or iioii-llic ymLnt ot. fctt8. ()iir to] nienibcr.sliip tt¢ the end of Z023 w&$ 173 excecdiiiB our year*iid fitsiii'es foi. 2022. Tlie caiilinuiiig incivse in iM¢iiibers 1% lai'&Tcly due lo romolithi Il)rou81i WiiiteT Tallis aiid tlic JreiuihTreni ot'iiew %t¢wAr(li% uiid oih¢rvoluiileei'¥. Pllge 3
Sherboriie Miiseum
Repoi't of thL I'rii8tees
rTrr the Ended 31 Docember 2021
riNANCIAL REI viirw
Tliv Lliaiily %litil)oii Mu5ruin wos foiiiic(l aiid enteiEd onto tliL Rcbister by Tlic Clidrily Coinlljissiiiii on 5tli Jlary 2018
6 J Chai'itllblc lllLOfP()fdtL(l Orgyai)isalioii ICIOI
A1111011gh oui. iiiwinE is liss Iliaii £25Q.OIXI IIIIS yLnr, our bwiints l)llvc Ix'Lii pr6pired on cll) %iLLrual IkTrSiS lu bc Lwnsitsl¢iil
willi rLwiil yvoi'.%.
RL'Str5Ltcd ICapÉtAlI fiUlI(i- fiJiiilnivmcnt Full
Tliis, logetli¢i' tIl Ilie oil)er R&4ti'ieled Funds wei'e lliid coiild only bo liferred to SherboTiiC Museum Cixmn Sh¢iboti]e
Miiseuin Associalltn with the &anic i'¢srriction% a% lo iigc apylyiiig. Tlie cpÉlal iii Ilie Restricted {Capii#ll Fund caniiot be
toii¢hd. Th¢ liOMe g¢ii¢i'8ted fi'oin tliis capital InY bc sp¢iit, but oiily lo cotttributc tOlV8Ld% Illi Cost of w()g¢q, 581&1ie% and
Thc fillid, ch3h aiid inv¢slinent$, WL8 valued Ht £34,85¥ at the ¥i)d of thc ycar.
Restricted lAd$ IOrdinAry)
These fundb r¢coirf the doncltionslbJMtIts i'eL'civ¢d Jnd expcn(liture invurr¢(I foi. 8pccifiL pLJec$S.. tlicso muni65 a¥e not
availabl¢ foi. )ny otts¢r i)iirposes aiid includc tlie Honuiai'iiiiii AccLiiiiuliitiun A¥couiit, to which itmsine Senoralcd by til
Honorariiiin piliil AL¢ouiii, bill not used, i'unains tyre
.SlIerbore M115oiim Report TrftliL Trustee8 the Ycai. Ethiled 31 DeL¢mbtr 2023 I'lie Miiseuni EnlinncenientFiiiid Thi¥ is fund tliat SLt up with th¢ GiY¢r b¢qu&%t L335.IJOU and ill i% 10 Illcikc lllrLJL sciilc iiiipiDvciiicnt% to Ihe iigLum. Thc nioney is in a CAF aLcoiiiil Bfi(I currciiily Ilic iiiain ex111c9 air adittiDi$iidiive clll(l liiibb'otiti'ct0r ¢0511, iiicliiding il U)ntrdct for Ilie Cui¥lor tbiil rcfltcl.% thc incl1Cd workloiid.qlK 14 Iin(l¢ittakiiiu. TIIL tund balancc ils Llt th¢ eLiO of ihc ycai'w#$ 12()5,570. C¢EILir#l the day-to-dRy riillninky th¢ museiim year w&% L414.21lJ. Bil£iii.5 Rale rt5i¥f ttf provided by Duysci Couiicil hL,Iped glLailyi a% Nv¥ll &% A L5.noii Dorsel C.oiinL'iI iYveiiii¢ Lkrant paynieiit. Thi% gyi-dnt payiiient will iiiLre8%e £lft,(K>D fiDIM 2024. Tlie fviid blerited ihi8 yeAr froin li beqiiesl of Ll,000 dTid In¥1%¢ iii don#Éion% lliid TEtiiil salcs. All¢iidEil1 #l Wiiilei. Tt¢lk% aiid olliei. i)ubli¢ eventx w&% significantly higliei. 111 2023, providittg a boo%t to iiicthnc tliyouuh lick¢t aiid don8tlOnS. fyryxed Assets- Builflings The biIiltliiikyy Liwiied Liy Ilie Museum. in¢lii(linbTr Ilie flal which ig l¢t lo %i piofL'S%iLTrii¥I pei'.%vll. were prof£%%ionAlly valued in Mairh 2018 41 £370,(WX) cslimaicd n)arkotv&luc £850.000 ¢.£tim#t¢(I IEplll¢EmCllt valuc fDI' 1n%uinCC pill1)les. Th¢ buildings in¥uird toi. Inor¢ thc ftill reMnIend6cl replaeein¢ni valiiL Itl £960,098. Ilxtili, fittlllg5 gild fquipineTrt Fixliire% di fTttili¥S ill'¥ dtyprcLi&led Ihe ill- IOO/rt l%lr£llL>lit liiie) per aiiniln.' cul,1?1 £1¥,698. EleLlriLal ileiMB cornpiiler% 111¥ depTecialLiII at tl)e Juic <)1'20Q/. l%iiciis111 liiiel p¢i' annurn.. ¢iii'r¢it value £l,.S¥(). - Thg coinbiiitxl book valiie coin&4 Lo l?.n,294. IRvostfftent yoliLy¥ {Je¢l1ve$ &nd perfoi'illoiie¢ Sonie of oui. %uiy)lus 1% hcld with Ilts¢ Cli&rili¢: Official Iiiv¢slnMmt bliii¢l (COIFI L>¥po%it Putid accouiii ill tlic Cliurckcs, Cli&titits iid Ltseal Auiliol'iii ICCLAI oigaiii£&lioii. Raiik iiiicrogi ib now oiily piiid Dii tlie l)cp(Isit biincl clCCOUlI(%, wliac i¥ dccicth%¢d throiibih()ul the 1. Our inv¢slmuit% hcld in Fouity and bixed lsiigrest Piinil¥ lit Ihe CCLA. Of ihL total liqui¢J a88C13'. 660/D LUnEtiily in iiiVL¥tn)cnts whidi aiL &plii betwcen Élle Eqiiily Illd Fixg(I Inleir&t Fiinds., 26Y. air in ittteresl-beii riiig insIlr ¢¢¢s$ accOnI% aiid lh¢ rem8itJingT 8'A oui. Lutrcni dr.v.i)iini. Th¢ invcsttllUlty l)¥tv¢ donts w¢ll ihis y¢oi', wiih 5al¢b value incmstr of £8.425. Pagc 5
Shei'boviie Mu$eiiin
Repni'¢ Trf tlii Trts.%tLLS
toi. tho YeaL' Endcd 31 Detenil>ii' 2O23
IINANCIAL kli vifiw
Reservef pulicy
Rcsttvts aiL I'Cqkiir¢J iv Li]SLlre Ihat reSOiIILC8 iiir iiviiilablc so that the op¢rd1io1I Vi11 biliiy of tlic M15SbUllI Is Iiot pul in
jeopiir(ly by:
IlaniagL lo piopbrly lic)( covered liy iiisuruii¥¢ L.L. rci?aiii rc4UIILcI duL If> fiiirwciir & ltyoi-
pwdiKtioii ofii r¢xeiplod invoitc for wurk dr>n¥.
Tli¢ Tiii%l£vb liavL klLloplLd a pi)liuy Ic? &¥1 %id¢. wlie]i¢ver N)%8ihle, La%1) rew11r iiilo DL%iLiiialed oi. Dili' Fiinds f<>i' t1¢
and i>ilw' wirp()%es wl)eiv8Y they aYL' idenltfittl.
Thu CIO Iiax fi.et rcseive% of £23 (J45 a% at I l De¢emLL'r 2(121 12D22.. E21,1711, Trie Ini$lLL% fOI?sider Iliis leYEI ()f reEerveg
to bc .%UfficicI to dclivei Lharilgblc objectives fiii. Élie iiexl tivLlve iiioiilli%. free Ir8cNes ¢lre cnl¢ulaittd by dcdiiciiliu fJxL'd
0cl£ fron) tlie uiir&8tri¢tcd llliid Jc#11lII1¢d) ieAerves Iicld the year4nd.
S'I'RUCI'URE, GOVknRNANCLI AND MANAe.LML4 N'r
Goveriiliig doeiiinenl
RterultmLnt apynilltTri¢nt new tiwste¢$
Tl]e chsLrity follows 811idlliicc I¢d by Ilie CliaTItiCR Coiiinii%sion witl) reEai'd8 lo MniilmeTrit hd trniiiing of ai?y Iiew
trut¢c5.
Ke}, lilli IIIiEemeiil YemuiJErali(b
Eli8nbcih iaicl%uc r>oid (aial of £14,C)aO forhcy seiryicttg as É2 cui¥lor.
Ri8k InaiJR%eMent
The IrLi%lcL% liilVI duly tt) ideniily lind revKw ihc fiSk% t(> wliibli i1iL CIO 1% cxpi)scÉl dii
Sh¢rbuYiie Mii%ellm Rtpfrrt tb¢TI'u8fee* foi. thc Vi'fir Endcd 31 lknmbtv 2027 'rru5tees G L I,ewis Ms C Fr¢ui' G C BLnd¢ll L R MDuland M% a Gi111ilnol IrC%1¢d 17.10.23) G Moiiis Ms L BliiekÈliortJE {appciirttcd 23.1.24) O Yuuiig1gpiJoTntl 20.11.231 K Bthitsu-12l)l]oI1Itcd 28._3.23) R IlowiMcr{tsppthiiit¢d 2r).11.211 IirsigMc(J 28..1.241 W4id <yondiiiaii 4 Cedw Pai'k Cobl)ai)) Road Fcrndowi) liidii%trial E%i¥ie Wiinborne Doiset BH217SF Ai)pi'ovcd by orderof the bUal oftruxtC¢S all niid %i8iicd itli bcliaifby.. L R Mouland- TrusicL
Iiidei)¢ndeiit Ekaniiher'% Report Tr the I'i'iE$t¢¢% vf hei'boi'iic Mii$ciiiii Indci)endcnt examiiior s rL'PDI't tTr IhL trusfeL'$ iJf,qlitYb(brlle M¥L'III 3 5 Deteiiiber 2Q2.3. 11@spon¥ibilitie5 £tttd bsgls of repTrrt A% tho Lliarily liu¥lees of thc l-lilbl you l(r¢ rc%pi)n%iblc for IIIL pi'¢parali<)ii of 111¢ dLLOltiitts' Ill aCLOI'ilancr with thL requiiunciiL% of the ChEiritie% A¥t 2011 I'thc Acl'l. x)rl in r&%pcct i)I' My Lxiiininalion ol tIiL Tiusl's accuuntb coi'¥i¢d oul iindci. Scclion 14f of t11 Acl diid in cii'rying uiit i)iy ex42ln%kithlion I hiivL fvllowcd all applicablty Dircctionb Biveii l)y Il)¢ ChRLlty CoJiiini&%ioii iind¢i' Swlioji 14515llbl of th¢ Act. ¢x#iniiialiOn ¥%viiig nie Lsiuse lo believe Iliat iii aiiy 1siRteiidl Ir.4p¢¢l'. acLoiinlibA r¢o)I'dg were iM)t kgpt ffspeLI ol'ilie-fnil JA re4ld by Seu'liii*i 1111 (>l'ihe Act: oi. the aLCOiilit4 do iiut ki¥coi'd with tlio%e iYcoid4' 01. f&ii' view wlii¢h is not a matiw. coiisidcrcd as part ol'aii iiidttpcildoiil cxui7iinatioii. drawii in tlii6 IrirI isi order to ciiabS¢ a proper lile[sIadills of thi aciv1its. to bL rcaclwd. l M Rwjd Bsi fcA fccA Wdicl Goudiiion 4 CLd4ir Park FLnidvwn SIlIst1.1171 Estate Wiinbortte BH217% DalL Pllge 8
Shtsrboi'iie Mtl5eiim Sl%rei¥ioiit DI fiinaDci¥l ActiviliL'% f(Ir tht Vtiir Ci JidL'(111 DeLL'inbL'f 2UII 21122 Uiitc%iriiicd fund5 Rcslrictcd fLind% INCOMF ANT) .ND()WMINTS FROM r)on',Ilits11s aiid I¢¥TaLiL4 13,.378 2D.592 2?,495 Othu. lrncliiigi aL'livitiL's g,(F94 2,09.3 22.685 S%,Ci13 37,1125 I XPI4NDITURK ON Rthi5il1 fi]iids 4,504 4,504 1.874 Cliarttablc RLtivitlt% Chiiiit8lilE ALlivilies 52,435 1(),5Y5 (19.0.1 60200 5(),93() 1(?,595 62.1174 Net gatt)sl{los8csl tsii investiiitiils 1.594 2,524 R,425 114.fj3(71 INCOMEiifiXPCI NDITUREI 116,7D41 7.684 534 2,524 16,4(?()} {3().51151 'rraJisfors bL,tIVLTrLn fuThtls 12 Net niQVLinieiit lil tiind8 117,238) ,218 2.524 ICi,d961 {39.5851 RECONCII.IATION OF FUNt>s ToLil fuiids bititsglii li)IwaiYl 825,349 32,334 118X.511 92%.116 TOTAL fuNDS CARRIED F(JR WARD 19,OCI6 88%,S31 TIJC linlo% foiin part of tli&8t fii)lli)LiHI sthreiiieiits PNgL 9
Slitrboime Museiim 31 Deceiiibci, 2(123 2023 2022 Ilcsli'iLled Ffidowihcni luiiiL rund.% funds FIXFDASSE'rs Tangible InvL%tsnbnlq 390.294 31X>,294 114,835 395.84f) 21.878 34,857 448.394 21.878 34,857 505,129 502,25() CURREN1. ASSETS 2,082 74() 358.21K) 2,11112 74() 175,745 1.453 91 J85,011 Deblois al bunk srs hund .161.037 17.1118 37S,226 187,355 CREDITOIiS AIMounl4 ffjlling within one yew. 11,080) NET CIIRMIINY Assfi,TS 359.717 17.188 -176.900 38(),275 TOTAL ASSETS LESS CI,'RRENT LIABILITIES 39,() 34.858 11¥2.1135 888,-%31 NET ASSETS -19.OCI6 8%2.1)35 88X.5JI IIINDS Unre&Lricled fiiiids Re&IfiC( lund F[QWLt fundb 12 125,34() -111,X411 IY.O(J() 34.8_%% TOTAL fiUNDS ¥82.015 ¥g8,SJl ThL finanLial sldlements- wel, uppn)vcd by IhL 13ouixl i>l"fi'iiyt¢es und uuthoi'ised loi. is¥w' OM Biid werL' ssgned lin ils bLhiill-hy.' L R moul%knd--fi'ut 'rh¥ hole.s form part of(hL%e linanbial kliilL'liiC.nl PagL I()
Slierl)orne Mii%ffliin
NTht£& ITr tIiL Fiii?i iicial %tfitLriiLnts
ffji. the YLar EndL.d.11 l)eLLmbei' 2013
ACCUVN ll'lNG POLJCICI S
Il¥slb ol'prepRI'ill% the fiiiAiicyxI %¢#temellts
Tl)c filiiiniial s&iieii)cllts' of Ihc Ll)ilTily, wliiLli is A i)ubli¢ bcnefit ¢iilily iiiidu. FRS 102, 1111¢ b¢Yii PlWrllL(l in
CLoidiillLe Ivill) the aiarilics SORP IFRS 1021 'ALLoiintinB fjnd RLix>iliiig l)y CIIArities'. 8hioinenl ol-
8(anilard appliiablL 111 the UK and l(LpiII)lir ()[ IILlaii(I (FR% 1021 ILtTwttvL l .laiiuary 20191,, fiiiiinbiol 14cry)orlii
In(lrd 102 Tlic Finaiici.,
inv&%lniLnL% wliicli 11rL iiiLliidud al iiiiirkLI vuliiL', IModifi¢d by Ilib tL'volufjtif)ii i)f u6fLdlll aS%CIS.
pi'obable ihat th¢ iii¢oin¢ ivill bu ifLCiVLd and tlity aiiiouiit etri bt iiic&%iiYttil irliably.
wliicli th¢ enlTrty r¢cowiii¢¥ as cxpeiiq¢$ Il)e relai¢d co%Lf foi. wliich Ilic uii)lts %irL iiil¥iiilcd la coiiip¢n%41e.
yxpendlture
Lt.thilitlQS 41re reLobTnisI eKpuiililurL soon ab IlitrL% Is ¢1 logsil ui. ¢uiislruLlivL Ubli1*10 L4)Ininilliiibt Ihc Lhiiiily
f th¢ ol)ligllisnii Cali be In¢&Silrd i'cliably. F.xpen(Silil is ac¢i)Iiiiled foi- 017 ii n ii¢LniJl% balS lTrJ% bLLII Lla%sifiLd
iincler hL4diii>q t11dl dggitgale 111 Lo%t rLlal¢d lo tl)G L1( ILLT(>ry. w1w1 L'(i%lq iklnlli)( bL clirL'Llly allribul¢
.8lierbvrJio Mii%eiiin No¢cs tfb the Fingncixl Stateinciils- fnnfliiiicd ror the Yeai. f4 iidL.d.Jl DL'cL'ml>L'r 2021 ACCOUNTING POLICICI S- torttiiilled Endowinbiit funds Ilut LXPCLidabl¢ aiid ciny ILoin¢ &LLiiiniil&tcrJ Iri>iJi tlic Inv¢InntN. held dir rL%liidcLI to Ili¢ Investini'nts Iiivestineiits trlt ree¢)giiiged inilially al tair vDlue wl)iLIi 18 iir>rn)ally Ilie transoclioD pi'ice extludiiig 11¥1i8aclioii coxl8. Subsequ¢iiilyi th¢y Arc Im¢a8iirLd At fgii. valiie willi Lliaiigol I'¢cogiit8cd iii 'ii¢l LJai1i4lltQS4Lg) on iiivc4ti)i¢iits in tlic Slalcjneiii of Finaiioial AGliviti&% if thc slia1$ ar¢ publicly Iradcd or tlieir fair vJlw cai) i>ihcrivise bc moa8urecl ¢liably. Co%li Rt b#thlL ¥nd in IIAiid Cash at b%111k aiid c&sli in haTh(f IiicluclL c)[ sh 21 lid 3hurl 1¢11n liiglily liqiiid iiivcsimcThl& wiikn li short n)alviiiy vf Iliitc inoLidtso oi. Ic8s fruiii Ilic dalc Df dcqitiSittOll Ol. opciiitJg Thfilic (Icposit ur siiniliii. ilCCOUtIt. Dolrtlbi's .1 raclc aliLI Ollr¢blOY¥ [IrL r0111 Rl IIIV bdi1vingl dinpiiiil di1¢ iillkni 11ny Iindc di01)( i>lTLrL.d. Pi'epayiMeiiLs a, y1[{1 ill (lir am(>iiiit PlLI)aid iiel ofany biicle di&cDiiiil.% diiL'. Ci'edltors CreditotE grc i'e¢ogiii8od wlici'o Illc chaiity h35 3 pl111 oi)lisY2lioii pewlting fioii) % pa£1 cvenl tliai will piotkTrbly estimad I'eliably OTHMR TRADINfy AC-I'IVITIWS 2023 2022 2,9_11 4,782 l).000 3.187 Kcnlal IIiLuii Y,694 INVCI STMENI. INCI)Mr, 2011 2022 Diwidtii(t aiid kl*iik lJ)¢¢resi 10.930 4.836
Sliti'borne Museiiiii loi. th¢ Yoar fi n(led 11 DL'Lcmbei- 2Q21 supi)oii'r c.08TS GoVClInlL ChGÉ'itLiblL Aclivilto 1,320 boi" th6 yeai. cndcd 31 DoLLniLKr 2023, Indcpcn(ILnl Lxaininu%' iol&llo(1 £1.12012022.. £1,081JI. I'R(18TFfi81 RFMUNERATII)N AIYI) II&NEI Fl'ls The wLre 110 IriL$ie¢%' reiiiiiTrerAiioii (li. oilicr l)enelilq loi. Ilic year ¥nded 311)¢¢enibci' 2021 iior l()i- tlit- yeiii. e1x11 31 Decn}br 21)22. Ti'u¥tccy' Éxpenses Trik%t¢H oi¥¢d iriiiibuiyciiient fi)r expilL8 iii Ihc y¢ai' L'i)(led 31 DoLLiiibei' 2023 lvlal1iiig £50512U2?.. £4351. COMPARATIVES fioR THf si'A'I'fi.Mf¢.N'f ()Ii VINANCIAL AC.'fIvITifi 8 Unr¢slriLtcd R1r[LIed Biidow1ct Total INC(IMf AND ENDQWMEI NTS FRI)M 22.4()5 22,41)5 ),(IC)4 9,(194 4,¥36 ,6R(1 1,686 37,025 11.XPFNDI'I'UR V. ON Rtti%iii¥ fiii)ds 1.874 1.%74 Chftrlt#blL Rklivitits Cl)orilot>lc Aelivitic8 Rg 60,200 'rotal 61.9%5 89 62.074 NLt gainsl(losgcsl 01? invegthi¢nis (7.J321 12.7751 14.42Ql 114,-%361 NET INCOMCIIIXICI NDJTURCI) 133.9781 14,42UI 13¢),5851 RICCUNCILIATION OF PUND Total ftinds brouBlii fonviyd .1(),7CJl TOTAL FUNDS CAIiIUED fiORWARD %25 J49 30,848 ¥8,531 Pa¥Fc IJ ?tt(iiiiicd.-.
8hti'l)tyrtie Museiti
loi. thL Yc11 r r dcd.31 t)¥L¢iiilJei' 21)11
I'ANC.IBLE rixv.i) Assvr.8
l.TxIIiTC5
and
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Irchold
prupcrly
Tulal
AI I JIiilllAiy 2023 lliid 31 DLXQliibèr 2021
170,QOO
112,642
482.CA2
DEI PRIIC.IA'fioN
At l Jaiiiiaiy 2023
CliargL foi. y¢ai-
%fi.71)()
5,552
Ar 31 be1. 2(123
)2.3411
1)2,348
Nf.T11()OK VALUF.
At 31 Dectr 2023
370,000
20,294
590,294
At 31 DcLeiMber 2022
370,nOn
25.84<?
31)5,84()
flXfD AS8ETINVCI81'MFNTS
MARI
Sliei'l)oi'iie M115cum NiitL'% rD IIIL fiinancithl StAtLmtiits- Coliti111 (oi. thc Vtar Ci nded.11 DL'CL'mlTrLr 21121 r)EBTORS: AMOUN'rs IrAI,I.IN'Cy DUL WITIIIN ()NI,: YFAR 2023 2V22 Otliei- dLbtor5 PrcpdyittLnLs c¢1l inlome 88 749 749 893 CRfi DITORS: AMOUr. rAI.I,IN(" DUF. IVI'I'HIN ONF. YC4 AR 21123 2022 A(£l'ill£ la aiid dred inLoi)Ic MOVCI MCI NT IN ffUNDS NEI Tran%feis l)eiwLoii At 31.12.23 A( 1.1.23 Ulli'esti'lcfed funds Gbiici'RI fiind Maji)i" RLyair fund Capilal PAI11)111¢t1rInpr0VUtt)cIjIlAcq15ilI¢) 423.033 (8,26111 11,7991 414.239 -50,464 1,5n8 4(>.481 304,(¥SCI 424 LOVID-19 Fiind Oii¢iEach P-A411ipineni 424 93.1 825,34l) 15341 Rc5ti'ictcd fuRd¥ Hoiioyai'iuin A¢euniiilaied bi¢oiM¢ blind .01)e1vlI0il 'xhibitiTrns & Ev¢Dlb DLvelopittent Df ilie NaliiÉ#l Hi%lory Iloo rnliancement of tlie OJ'#l Hidory Colloction Wasps Ne$i Airliivinky fund 29C)01 3JO 3CI4 3,614 73 364 143 15341 4.531 311.848 7,684 iidnivniojit fiiiJd* 32,334 2.-$24 TOTAL f4UND X88,511 16,4C)()I %¥2,015 Piige IS
Sliei4Fornt Miis¢iiin Note5 to trlie VinAnchRI S¢RtL'IllL¥rtt8- eontlniied tor the Year Ettiled 31 Deceml)er 2023 12. MOVCI Mri NTJN FUNDS- eontliiucd Nel movuncnt in fuii&s, included in lh¢ Abovc 1* &1% follows.. Rasoiirbcli expciidcd Gains oil MDvenieiir Uiii'eslritted lund Gwtsw?Il IuttLI 2(1,475 7.1.10 (2¢J,2811 -5411 1,677 {8,260) (I,p)v} 1.74() 5,574 12,-3251 {14.(0) {fi71 2,084 1,508 {<),0861 iiseiiii) F.iili%incement fiiiid Qiil¥eaGh Eciiiipielil 4,307 116,704) Ilesti'icted HoiivraTiiiin Ac¢uiMulalc(I It)coiii¢ Fknnd 2,02U 73 (xio 19,692 1.51)4 3,614 73 {5341 4.531 Wasi)s Nest Archiviiig tiin 11.434) 22.685 116,5951 ,5Q4 dTriYrneAt fund$ 2.524 2,524 I'C)TAL FUNDS 5%,613 (73.534) 8,425 Pdgc IC) Lunli1111¢41...
Slierborlle Miiseuin Notcs to thi, fijiiAii¢ihl Stat¢mLnts- eoiitlniied for tIIL. Yellr Ci llded Jl D¢Lcmher 2021 MOVCI m£r fuNDS- con(iLiufd Cump#i'atlves foi- niuvemont in lulld Nei Al -11.12.22 At 1.1.22 Unvo%tVlLttd I5 (ycii¢r&l fuiid Major R¢paii' Fuiid 434.452 5a,425 423,033 4%,83() 325.035 -%7(? 11,X()6} 120,371)) Mu8¢11111 Eiili&iireiiiLnl Fiit)d CQVID_II) l-.iiiid 31M,656 424 %59,327 133,97%} 825,349 Rt%triLttd fiiiiiJ$ Hn[l.li1uM Ab¢11tUl.TrÈcd Incoin¢ FLind Con¥orvatioii SpcLi%il ExliibitlDI)g & r. evLlopinesil lif Ihc N4liirul Roniii Eiili#nceinehl Iil'ilie Ornl Hist()ry CulleLIIOII 11,iofi} 1721 29.901 4Q2 3CI4 -1()4 143 32,02(J -3Q,8411 FI01[rillI1) Lapital Fuiid 36.7(?3 14,4291 32,334 Yo'rAL flUN$ 928.116 139,585} 1188.531 LlItinUed...
Sknei'bvi'iie Museiim Notes t1> thi fiinllThtixl Stateltic'nts tthntlnuod for tt)e Year Ci nded.11 DL)LLimbLlI' 2023 12. MI)VLi MC4 NI. IN FUNDS. Loiitlniied C.oiiiparlltive nct ni0vciiiIt in flind%, in¢lii(led in Ihc abovc ait )% lollow.%'. InLoinTII ]lC%our PCDded ancl 1 4)v¥ni¢nl Uiirostricled funds GL'iieNI luiid Maji)I' RLI)at¥ Fiind Capilal F.quipineJiUliiiprov¢m¢iiilAcqiii4ilioii 20.41() C),74.3 {37,Q581 (2,YOC)} 13.(155) 13,8661 12O.17YI 11521 M118eLiill Enhdiicei*ebii fiiind crJVID_19 fili {21.5591 35,.331) 1fi1.985) 17.33?) 113,9781 1401101-&rium A¢¢uiiiulatd It)¢oiiic kuiid Coth%ervii lioji I,a69 12.7751 1891 {721 1,686 {R91 12,7751 (1,1781 Wiidoiviiieiit fu#d& 14,4291 (4.429) TOTAL VUNDS 77,1125 162.074) (.1fj,585) Page 1% Lonlinued...
Slierl)orn¢ Miiiuiin Nplc tth FinAnclal S¢ati'll&L'llt8- cntilliiuLYI foi. tlic Yo4r Ci n(lod 11 DLLLml)L'i' 20LI J2. MOVEMCI NT IN fuNDS- continiied A bunLnt y¢ar 12 iiM>nths prioi. year 12 moiitlLS itijtibincd po8ilioii is 95 follow.%.' N¢t mov¢inont Tiaik%f¢i'% bctwcuii Fuilds Al -11.12.23 At 1.1.22 Uhresti'Scted fund$ 434,452 50,425 119,Ci7Y) 15341 414,23 50,4()4 M&jiw Rep2rf ir fiiiiid Frtd Mus11)1 Cnlioilce71i Fiisid c'ovrD.I(l F1511d Ouliri¢h Fqtiipine¢it 48.831) 325,035 12,3.581 (2V.4()51 {152) 40,481 2Y5,570 424 ¥59,327 ISO,6112) {5341 Rtstrlettd fundf Honthrii¢iLim AcoiiiniilRt¢d liiconits Fun(1 C.onBeivdlson Sp1#1 Exliibiiions & Ev¢ntE J)cvelupnL'nr of Ihc Natural Flislury Rooni EDhuiiLctnent oltlic Oilkl Hisl()Ty ColltLIioii Wasps Ne¥t Ai'LIiivii)L fiind 31.7 402 2,50 403 4,S31 32.1>26 6.506 I nd01vQRt fildA 36.763 34,858 TOTAL FUNDS 928.116 {46,UXI I ¥¥2,(135 Piigc 19
Sh¢i'hurne Miiseiiiii Notcs tTr tlie f4liiftnclal Stati¥niciits_ cDntilJllL'd for thL Yertr Ei nded.11 D¢LLiJ]bir 2V21 12. MOVEMENT IN f4UIYDS- cothlliiued A uii'r¢iii yeai. 12 1)ionihs aiid piioi. y¢#i' 12 iiioiiib% coi)IbiiKd ncl in0VLinlL in lund%, iD¢ludcd in Ihl abovc arn follow%'. R&%DiiTce ¢ApciidL MovcnTrciil rc4niifLC% Iu55¢S urotrIcted fuThd% Cicneral liinJ Major Rci)?ir fiiiid .aDilal EouipinciiilltMpmve1henllAbqiiisilion 4CI,8115 (66,.33111 (12,(Q51 12251 2.755 (?,754 {1,542) {2,3581 129,4(Tr5) Mu¥ttiiiM EiilianLetneiit Piinil COVID.19 Fiind Outiracli r.QlpleI1t i.01)o 167) ).3.1 71.2C?7 111#,9241 11,1125) 1$0,6821 Ilcs¢rl¢ttd fiiiid$ Hi)noiariuin Actsuinukated lttcoine Piii)Ll Con8urvatioi) Wasps Negt ArchivinLY fiiiid 3.689 90 900 19,692 2,50X IR9} {1.434) 4,531 116.6¥41 6.-506 Ei)dniYmL'nt 11.1)051 TUTAL Il UNDS )5,Ci3% I135.(} {4C),01 I I Ige2 Lviiliniied...
Sheyborne Mtiseii
NfjtL'% h) tlie Fi1174 nCl2i18tatemLllts- continuod
the Year Ci tJiled.Al l)LCL'mbei' 2013
12.
MOVLI MENT IN fiUiYDS- coDtiJill¢(I
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wlicrt no gii'atil can bc obiaii)cd aiid iiiii)iediaie pu¥clia8e is IJcce%%aiy. AiiiliorlI1O1l by Ilic Iiii%i¢&% for %petific
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incom¢ thi% luiid is Iran£feriEd into the HoJiLirdriiim AL¢umiil'.Ited Inconie Funil.
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ConservAtIoii
For collvation %iipiili¢% cosly ihat rniy oLcui'. %ucli A¥ inainttiiiiing aiid ¥Rlcly dis1)layink any
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SheKboi'iie Miiseum Nolo4 to tl)L, Fin£7#1.8*tQllICt5- ci)iitlllULd tiTri' the Ytai. Eii(Icd JI l)LLLnihEr 2021 13. III£LATED PAH'I-Y DISCLOSUREI S Lll j%lll)¢tli BleisoL wii¥ iYinibur8ccI fo¥ expLIi¥o% 111 Ilic ycai. totdlliiiE L524 {2U22.. £3431 tor lier $'V[l a% u frcL,liinLL Cltor aiid WAS paid £14,(0 (2022.. £152OVI %UtKonli'acloi' foi. hcr %LrvC¢8 a% ¥ui'alor. Diiring lh¥ yeai. cnd¢d 31 Deceilll)¢r 2023, Iwu TLs1¢L8 12022.. nil) do#iilc(l li lotol OF £1 0$ 12022.. £iiill tu th¢ Piiuic 22
ShLI'lFDI'Jie Miiseiini Det)Ileil Stotcmciil (If FIKfiiici%l AclÉviliL'S lTrY th¢ Yl'fti. CiiidL,d.?l DeLtnibL't' 202.3 21122 INCOME AND LLYDOWMEN'I'S Doiiotlolls 2nd lokJ#tlo 4,759 Gill #id Le88CiCb Grniils 89 12,00 5.fjn(I 25.592 1.7()n 3.3,9711 2?,495 Otlier tyading Acivitie4 SIIop i111¢ IlcJTr¢al Iiicoim¢ 4,782 (),000 3.187 6,000 13.713 ),694 Investment lii¢ome Dividciid aiicl Baiik liiterest 37,n25 EXPEI NDITURC Other tradiii% li¢*lwllles 1.45.3 Piir¢liaso¥ CIo%iiiLY ¥l<Kk 12.0821 11.4531 4.5(k4 l.X74 Charllable activitios Iiisvran¢L' Poslagc aiid slalioiicry Sulidrit r.xliibiliort & CotiAorvali011 rsiablishrtibnt fIrge5 Publt¢ily ()utin¥N Livcthts 8ubcontrac¢oY focs MaiThi¢naii¥¥ Cliaryes FixluiLS aThKI fillings 2,421 1,204 544 ()6 7JdLI 1,1141 302 21,105 7,J8ti 17,926 17.70tI 6.138 xio 1,032 14,() 16,42(J 67,710 This pago Jiol foi'Lii pail ut'thc Btolutory fiwiiicil 6t?lO.iÈn1S
tiliei'hDYnt Mii$¢uni Detalltd S(AtLmLnl of fii¥i¥iJiil AttS7'ltiL f(>i' tlit Ycai. EndLtI.11 1)CLL'MlJf1' 2021 2023 21122 Support co¥ts GovernAThce eosts I,0# T(TrlHI rL'%I)I11LCq LxpeiulLJ 62,074 Nct exy¢nditure ljtfthrt uy#lns 10s$C5 Reallsed reLogiiised Elllrts lo¥scs Rcali50d gain110e8) ttii fixed as8e inv&Bliiic%it% 8,425 114.5361 Not expeiidi*ure 16.49C)I 139.1 851 This pagc ntst foriK i)thri uf Ihe ¥ta(utoiy filirJe1I slglcincnls Pagc 24