Charity Registration No. 1176955 Companies House Registration No. CE013114 (England & Wales)
Birmingham Pen Trade Heritage Association (also known as The Pen Museum) Annual Report & Financial Statements
for the year ended 31 March 2025
www.penmuseum.org.uk
Birmingham Pen Trade Heritage Association
Contents
| Reference & Administrative Information | 2 |
|---|---|
| Trustees’ Review of the Year | 3 |
| Trustees’ Report | 4 - 6 |
| Independent Examiner’ Report | 7 |
| Statement of Financial Activities (SOFA) | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 |
1
Birmingham Pen Trade Heritage Association
Trustees’ Report for the Year Ended 31 March 2025
| Administrative Information | |
|---|---|
| Alternative name: | The Pen Museum |
| Trustees: | Oliver Buckley |
| Craig Edmondson | |
| Nigel Evans | |
| Carmel Girling | |
| Steven Hearn | |
| Andrew Munro | |
| Helen Shute | |
| Co-opted Trustees: | None |
| Charity Registration Number: | 1176955 |
| Companies House Registration Number: | CE013114 |
| Principal Address & Registered Office: | Pen Museum, Unit 3 |
| The Argent Centre | |
| 60 Frederick Street | |
| Birmingham, B1 3HS | |
| Accountants: | Holder Blackthorn |
| Studio 2, 50-54 St Pauls Square | |
| Birmingham B3 1QS | |
| Bankers: | Lloyds Bank, University of Birmingham |
| 142 Edgbaston Park Road | |
| Edgbaston | |
| Birmingham, B15 2TY | |
| Telephone: | 0121 236 9834 |
| Email: | enquiries@penmuseum.org.uk |
| Website: | www.penmuseum.org.uk |
2
Birmingham Pen Trade Heritage Association
Trustees’ Report for the Year Ended 31 March 2025
Trustees Review of the Year.
Against a challenging economic backdrop, particularly for independent museums, alongside resourcing challenges, the Trustees are pleased with the progress we have made over the course of the year. Our feedback forms show excellent feedback and a strong satisfaction rating of over 80 per cent of visitors scoring us a five-star experience. We have a growing number of volunteers with a range of backgrounds and work closely with local educational establishments to mutual benefit of the students and the museum.
Visitor numbers are steady and growing, as is our retail contribution and we were fortunate to be awarded a single year grant from the Garfield Weston Foundation for 2024/25.
Our retail display presence at the Library of Birmingham has contributed to revenue as has outreach talks given to various organisations.
The small retail offer within the Museum continued to perform well with a spend per head of £3.67 which would be the envy of several much larger museums.
Reduced unrestricted operating deficit, before depreciation, down to £847 compared to £2,248 through careful management of expenditure.
The year has not been without its challenges. Over the course of the year, we had a change of manager due to circumstances outside of our (and their) control, however, with extended notice of the change we were able to recruit a new manager who benefitted from a handover period and is bringing a wealth of new ideas and energy. David Prince resigned from the Board of Trustees in October 2024, and we wish David and the former manager well for the future, both having made some excellent contributions to the work of the Museum.
It is taking some time to recruit a new Chair and having conducted formal interviews we are exploring alternative options. The Trustees agree this is a crucial appointment at a critical time and that it is important to get it right. Through the process we have successfully attracted two new Trustees with strong professional backgrounds to strengthen the Board and active Chair recruitment discussions continue while the role of interim chair continues to be fulfilled on a planned rotational basis by Helen Shute, Carmel Girling, Steven Hearn, Oliver Buckley and Andy Munro. Special thanks to Treasurer Craig Edmondson, Secretary Nigel Evans, and Carmel Girling for her innovative ideas as Marketing lead.
We would like to thank our landlords, Midlands Industrial Association for their continuing support, all our Trustees and our trusted duty managers, without whom we could not function, and the support of our loyal team of volunteers.
Birmingham Pen Trade Heritage Association Trustees.
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Birmingham Pen Trade Heritage Association
Trustees’ Report for the Year Ended 31 March 2025
The Trustees present their report and financial statements for the year ended 31 March 2025.
Governing Document
The Birmingham Pen Trade Heritage Association, also known as The Pen Museum, is constituted as a charitable incorporated organisation (reg. no. 11176955).
Trustees
The Trustees of the Museum for the purposes of charity law and throughout this report are collectively referred to as ‘the Trustees’. The Trustees are appointed by the Members of the charity. Those Trustees who served during the period of this review were:
Oliver Buckley Craig Edmondson Nigel Evans Carmel Girling Steve Hearn Andrew Munro David Prince (resigned 15 October 2024) Helen Shute (appointed 5 October 2024)
Recruitment & Appointment of Trustees
Trustee selection usually follows an advertised recruitment process. Candidates if selected are interviewed by Trustees. Successful candidates are co-opted onto the board of Trustees until the appropriate AGM. Vacancies arising may be filled by the decision of the Members at the AGM. The Members, acting at an AGM, shall also elect from amongst themselves a Chair, Secretary and Treasurer for the time being. A Trustee shall serve for a term of three years from the conclusion of the AGM at which they were appointed. At the conclusion of their term of office, a Charity Trustee who is willing to continue to serve may be nominated for re-appointment by the Members, subject to serving a maximum of four consecutive terms of three years. Nominations for election as a Charity Trustee must be made by Members of the CIO in writing and must be received by the Secretary at least 14 days before the AGM. Trustees receive role profile/description and code of conduct. Relevant Accounts and Charity Commission Guides for Trustees and CIO Constitution.
Achievement of Public Benefit
As a charity, the Trustees recognise their legal duty to report on the Museum’s public benefit in their Annual Report, as part of a requirement to clearly demonstrate that the Objects of the Charity are for the public benefit. In setting out, in this Annual Report, how the Charity currently meets this requirement and is reflected in its future, the Trustees assert that the Charity is compliant with the requirements of the Charities Act 2011, having due regard for the public benefit guidance published by the Charity Commission.
4
Birmingham Pen Trade Heritage Association
Trustees’ Report for the Year Ended 31 March 2025
Charitable Objects and Aims
As a registered charity, the objectives of the Museum are to:
Promote and preserve the history and legacy of the steel Pen Trade in Birmingham, for the advancement of the education and benefit of the public; and
Maintain a museum that showcases the skill and craftsmanship of the Pen Makers and their employees and houses historic artefacts and ephemera related to the art of writing.
The charity’s aim is to ensure that the importance of the city of Birmingham's role in the nineteenth century pen trade is explored, understood, and appreciated. It seeks to achieve this predominantly through operating the Pen Museum in Birmingham, which is dedicated to displaying information and artefacts about the Birmingham pen trade of the nineteenth century and the lives of manufacturers and workers in that trade. The museum provides a range of activities for visitors and has an extensive collection of historical items on display including nibs, inkwells, and period retail packaging. The charity encourages research into the Pen Trade by making its collections accessible to researchers. In addition, it highlights the importance of and encourage the use of nib and fountain pen to develop writing and graphic skills.
Performance and Achievements during the Year
We were delighted, that for the majority of the year we have been able to continue to open the Museum to visitors four days a week, Thursday to Sundays, which enabled us to welcome 5,273 (2024: 5,389) visitors to the Museum across the year. Furthermore, we welcomed 97 (2024: 127) students through school, college and university group visits. We also held 17 Calligraphy Classes and workshops across the year.
Financial Review
Income for the year amounted to £75,169, of which £74,994 was unrestricted, whilst expenditure totalled £82,186, of which £81,810 was unrestricted. This means that the Museum had a net decrease in unrestricted funds of £6,816 and a net decrease in restricted funds of £201, resulting in a balance of total funds of £79,325 on 31 March 2025.
Reserves Policy
The Trustees regularly review the Charity’s need for reserves and has constructed a reserves policy, in line with the guidance issued by the Charity Commission, which is to hold general funds of at least the equivalent of three months working capital. As of 31 March 2025, the general funds balance was £25,052.
Risk Management
The Trustees identify and review risks at every Board meeting using a formal risk register - to ensure that key risks facing the organisation are identified and appropriate actions are put in place to mitigate those risks. As part of the Museums risk management process, the Trustees acknowledge their responsibility for the Museum’s system of internal control and reviewing its effectiveness.
5
Trustees’ Report for the Year Ended 31 March 2025
Birmingham Pen Trade Heritage Association
Future Plans
For the coming year we will continue to seek to increase the number of volunteer supporting the Museum to ensure that we can continue maximise the amount the Museum is open to visitors. To further support this, we will also be seeking to make applications to appropriate charitable trusts and foundations for funds to support our work.
Going Concern
As reported in the financial statements, the Museum made a deficit for the year, arising as a result of the income generated through the number of visitors not meeting the expenditure associated with running the Museum. The Trustees are fully aware of the Museum’s financial position and plan to actively make applications to appropriate charitable trusts and foundations to seek funds to support its work and cover any operating deficits whilst it continues to work to increase its visitor numbers. The Trustees have considered the finance forecasts for the next twelve months and based on the current level of visitors, even without additional funding support, they are satisfied with the Museum’s ability to continue as a going concern and Financial Statements are drawn up on the going concern basis.
On behalf of the Trustees
Trustee
Dated: 08 June 2025
6
Birmingham Pen Trade Heritage Association Independent Examiners’ Report to the Members of Birmingham Pen Trade Heritage Association for the Year Ended 31 March 2025
Respective Responsibilities of Trustees and Examiner
The Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention
Basis of independent examiner’s statement
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tracey James FCA Institute of Chartered Accountants in England and Wales Studio 2, 50-54 St Pauls Square Birmingham B3 1QS
Dated 9 June 2025
7
Birmingham Pen Trade Heritage Association
Statement of Financial Activities including Income and Expenditure Account for the Year Ended 31 March 2025
| Notes Income Voluntary income: Charitable donations & subscriptions 2 Grants 2 Charitable Activities: Admission to the Museum 3 Activities for generating funds: Ancillary trading activities 4 Investment income Interest 5 Total Income Expenditure Raising Funds: Other trading activities Charitable Activities: Opening and operating the Museum Total Expenditure 6 Net Income/(Expenditure) before taxation Tax receivable Net Movement in Funds Reconciliation of Funds: Total Funds brought forward 1 April 2024 Total Funds carried forward at 31 March 2025 |
Unrestricted Funds Restricted Funds Total 2025 Total 2024 £ £ £ £ 2,787 175 2,962 3,146 7,000 - 7,000 700 36,820 - 36,820 35,643 26,685 - 26,685 26,464 1,702 - 1,702 832 |
|---|---|
| 74,994 175 75,169 66,785 |
|
| 12,338 - 12,338 11,552 69,472 376 69,848 75,467 |
|
| 81,810 376 82,186 87,019 |
|
| (6,816) (201) (7,017) (20,234) |
|
| - - - - |
|
| (6,816) (201) (7,017) (20,234) |
|
| 36,951 49,391 86,342 106,576 |
|
| 30,135 49,190 79,325 86,342 |
The Statement of Financial Activities (SOFA) also complies with the requirements for an income and expenditure account under the Companies Act 2006. All income and expenditure derive from continuing activities.
8
Birmingham Pen Trade Heritage Association
Balance Sheet as at 31 March 2025
| Notes Fixed Assets: Tangible assets 12 Heritage assets 13 Current Assets: Stock 14 Debtors 15 Cash at bank and in hand Total Current Assets Creditors: amount falling due within 1 year 16 Net Current Assets Total Net Assets The Funds of the Charity: Restricted funds 17 Unrestricted funds: Designated funds 18 General funds |
£ - 10,820 67,816 |
2025 £ - 5,083 |
£ - 11,498 69,196 |
2024 £ 5,969 5,083 |
|---|---|---|---|---|
| 5,083 74,242 |
11,052 75,290 |
|||
| 78,636 (4,394) |
80,694 (5,404) |
|||
| 5,083 25,052 |
11,052 25,899 |
|||
| 79,325 | 86,342 | |||
| 49,190 30,135 |
49,391 36,951 |
|||
| 79,325 | 86,342 |
The Annual Report & Financial Statements were approved and authorised for issue by the Board of Trustees of the Museum on 5 June 2025 and signed on behalf of the Board of Trustees:
Trustee
Dated: 08 June 2025
9
Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
1 Accounting Policies
1.1 Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Charities SORP (FRS 102) 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
1.2 Going Concern
As reported in the financial statements, the Museum made a deficit for the year, arising as a result of the income generated through the number of visitors not meeting the expenditure associated with running the Museum. The Trustees are fully aware of the Museum’s financial position and plan to actively make applications to appropriate charitable trusts and foundations to seek funds to support its work and cover any operating deficits whilst it continues to work to increase its visitor numbers. The Trustees have considered the finance forecasts for the next twelve months and based on the current level of visitors, even without additional funding support, they are satisfied with the Museum’s ability to continue as a going concern and Financial Statements are drawn up on the going concern basis.
1.3 Income
Income from admission to the Museum is recognised on the date the ticket is purchased, except for special events when the income is recognised on the date the event takes place.
Income from charitable donations and grants, both of a capital and revenue nature, are recognised when the Charity has entitlement to the funds, and it is probable that the income will be received. They are accounted for gross when receivable, including gifts in kind at estimated valuation. Donations and grants with conditions attached to them are credited to restricted funds and any unspent amounts are shown on the balance sheet as restricted funds. Where the restricted income is to fund capital expenditure the restricted fund is released and transferred to unrestricted funds on the purchase of the capital item.
Trading income represents income from retail activities and classes at the Museum and is recognised as earned.
1.4 Expenditure
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of resources. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and support costs; being those costs of an indirect nature necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Direct charitable expenditure includes the direct costs and depreciation related to activities undertaken by the Museum. Support costs are shared across more than one activity undertaken by the Museum and include governance costs, payroll, administration, and information technology.
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
1.5 Fixed Assets
(a) Operational Assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, using the straight-line method, as follows:
Fixtures, fittings, plant, and equipment over 3 to 10 years
(b) Heritage Assets
Heritage assets (in other words, with a few exceptions, its accessioned collections) are mostly donated items, irreplaceable and to be held in perpetuity. In the few cases where collection items were purchased by the Museum and so a cost is known, they are stated at cost. Heritage assets are not depreciated.
Establishing valuations for the entirety of the Museum’s collection is considered unrealistic, prohibitively expensive.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
1.8 Funds and Reserves Accounting
The Museum maintains three types of funds and reserves as follows.
-
(i) Restricted funds include donations where the donor has specified the funds be set aside for a particular purpose. In addition, restricted funds also include grants from local authorities and similar bodies in connection with the cost of the Museum’s original operational fixed assets and its heritage assets, which have been credited to this reserve. The depreciation of the related assets is recovered from this reserve.
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(ii) Unrestricted funds represent funds that are expendable at the discretion of the Trustees in the furtherance of the objects of the Museum. Such funds may be held in order to finance both working capital and capital investment.
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(iii) Designated funds represent funds that have been set aside by the Trustees for particular purposes. The aim and use of such funds is set out in the Notes to the financial statements.
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
2 Summary of Voluntary Income
| Unrestricted | Restricted | Unrestricted | Restricted | |
|---|---|---|---|---|
| Funds 2025 | Funds 2025 | Funds 2024 | Funds 2024 | |
| £ | £ | £ | £ | |
| Donations | 2,119 | 175 | 2,078 | 175 |
| Memberships | 668 | - | 893 | - |
| 2,787 | 175 | 2,971 | 175 | |
| Grants | 7,000 | - | - | 700 |
| 9,787 | 175 | 2,971 | 875 |
3 Visitor Admission to the Museum
| Admission Ancillary Trading Activities Retail sales Classes Room Hire nvestment Income Interest Receivable |
2025 2024 £ £ 36,820 35,643 |
|---|---|
| 36,820 35,643 |
|
| 2025 2024 £ £ 19,688 20,868 5,622 5,031 1,375 565 |
|
| 26,685 26,464 |
|
| 2025 2024 £ £ 1,702 832 |
|
| 1,702 832 |
4 Ancillary Trading Activities
5 Investment Income
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
6 Analysis of Expenditure
| Raising Funds Ancillary trading activities Total Cost Charitable Activities Opening and operating the Museum Total Cost Total All Costs |
Staff Costs Other Costs Support Costs Total 2025 £ £ £ £ 1,817 10,192 329 12,338 |
|---|---|
| 1,817 10,192 329 12,338 16,357 50,531 2,960 69,848 |
|
| 16,357 50,531 2,960 69,848 |
|
| 18,174 60,723 3,289 82,186 |
Support costs are allocated on the basis of direct expenditure.
7 Analysis of Support Costs
| Governance Administration |
Staff Costs Other Costs Total 2025 Total 2024 £ £ £ £ - 930 930 930 - 2,359 2,359 2,014 |
|---|---|
| - 3,289 3,289 2,944 |
8 Analysis of Governance Costs
| Independent examination fees | 2025 2024 £ £ 930 930 |
|---|---|
| 930 930 |
9 Net Income/Expenditure for the Year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| This is stated after charging: | ||
| Operating leases | 27,509 | 24,026 |
| Depreciation | 5,969 | 16,439 |
| Examiner’s remuneration: | ||
| Independent examination fee | 930 | 930 |
| Payroll, accountancy, and tax services | - | - |
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
10 Trustees Remuneration
None of the Trustees received any remuneration or benefits during the year. Two Trustees were reimbursed out-of-pocket expenses totalling £194. (2024: two totalling £136).
11 Employees
The average monthly headcount of contracted employees during the year was 1 (2023: 1) and no employee earned £60,000 or more.
Employment Costs:
| Wages and salaries National Insurance costs Pension costs |
2025 2024 £ £ 18,096 13,382 - 781 78 105 |
|---|---|
| 18,174 14,268 |
12 Tangible and Intangible Fixed Assets
| Fixtures and fittings |
Office equipment |
Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| At 1 April 2024 | 1,587 | 48,261 | 49,848 |
| Disposals | - | - | - |
| At 31 March 2025 | 1,587 | 48,261 | 49,848 |
| Depreciation | |||
| At 1 April 2024 | 1,587 | 42,292 | 43,879 |
| Charge for the period | - | 5,969 | 5,969 |
| Depreciation on disposals | - | - | - |
| At 31 March 2025 | 1,587 | 48,261 | 49,848 |
| Net book value | |||
| At 31 March 2025 | - | - | - |
| At 31 March 2024 | - | 5,969 | 5,969 |
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
| 13 Heritage Assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Additions At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 14 Stock Stock 15 Debtors Trade debtors Other debtors Prepayments and accrued income 16 Creditors: Amounts Falling Due Within One Year Trade creditors Accruals and deferred income |
2025 £ - |
£ 5,083 - |
|---|---|---|
| 5,083 | ||
| - - |
||
| - | ||
| 5,083 | ||
| 5,083 | ||
| 2024 £ - |
||
| 2025 £ 100 8,453 2,267 |
2024 £ 110 8,453 2,935 |
|
| 10,820 | 11,498 | |
| 2025 £ 1,205 3,189 |
2024 £ 1,312 4,092 |
|
| 4,394 | 5,404 |
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
17 Restricted Funds
| HB Allen Fund Birmingham Common Good Education projects Collections Website costs Books |
Balance at 1 April 2024 Incoming Funds Resources Expended Transfers Balance at 31 March 2025 £ £ £ £ £ 42,504 - - - 42,504 2,447 - - - 2,447 1,809 175 - - 1,984 2,035 - - - 2,035 451 - (376) - 75 145 - - - 145 |
|---|---|
| 49,391 175 (376) - 49,190 |
The HB Allen fund is for the ‘advancement of education to enable family and school visitors to receive a fun, engaging and informative visit’ and the Birmingham Common Good fund is for ‘capital items’.
18 Designated Funds
| Fixed assets reserve | Balance at 1 April 2024 New Designations Utilised funds Transfers Balance at 31 March 2025 £ £ £ £ £ 11,052 - 5,969 - 5,083 |
|---|---|
| 11,052 - 5,969 - 5,083 |
Designated funds are unrestricted funds, but nevertheless designated by the Trustees for the particular purposes of a fixed capital reserve.
19 Analysis of Net Assets between Funds
| Fund balances at 31 March 2025 are represented by: Tangible fixed assets Net current assets |
Unrestricted funds Restricted funds Total £ £ £ 5,083 - 5,083 25,052 49,190 74,242 |
|---|---|
| 30,135 49,190 79,325 |
20 Related Party Disclosures
Mr A C Munro, a trustee of the Museum, is the director of Midlands Industrial Association Limited. During the year, The Birmingham Pen Trade Heritage Association paid Midlands Industrial Association Limited £27,509 (2024: £24,026) relating to rent and service charges for three units and electricity charges for one unit.
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
21 Comparative Statement of Financial Activity and Funds Notes
| Statement of Financial Activity Income Voluntary income: Charitable donations & subscriptions Grants Charitable Activities: Admission to the Museum COVID-19 support funding & claims Activities for generating funds: Total Income Expenditure Raising Funds: Other trading activities Charitable Activities: Opening and operating the Museum Total Expenditure Net Income/(Expenditure) before taxation Restricted Funds |
Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 £ £ £ 2,971 175 3,146 - 700 700 35,643 - 35,643 - - - |
|---|---|
| 26,464 - 26,464 |
|
| 11,552 - 11,552 73,045 2,422 75,467 |
|
| 84,597 2,422 87,019 |
|
| (18,687) (1,547) (20,234) |
|
| Restricted Funds | |
|---|---|
| HB Allen Fund Birmingham Common Good Education projects Collections Website costs Marketing banners Books Designated Funds Fixed assets reserve |
Balance at 1 April 2023 Incoming Funds Resources Expended Transfers Balance at 31 March 2024 £ £ £ £ £ 43,039 - 535 - 42,504 2,500 700 753 - 2,447 1,634 175 - - 1,809 2,035 - - - 2,035 1,585 - 258 (876) 451 - - 876 876 - 145 - - - 145 |
| 50,938 875 2,422 - 49,391 |
|
| Balance at 1 April 2023 New Designations Utilised funds Transfers Balance at 31 March 2024 £ £ £ £ £ 27,491 - 16,439 - 11,052 |
|
| 27,491 - 16,439 - 11,052 |
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Birmingham Pen Trade Heritage Association
Notes to the Financial Statements for the year ended 31 March 2025
21 Comparative Statement of Financial Activity and Funds Notes (cont.)
Analysis of Net Assets between Funds
| Analysis of Net Assets between Funds | |
|---|---|
| Fund balances at 31 March 2024 are represented by: Tangible fixed assets Net current assets |
Unrestricted funds Restricted funds Total £ £ £ 11,052 - 11,052 25,899 49,391 75,290 |
| 36,951 49,391 86,342 |
18