The Friends of the Ipswich Museums
Trustees Report for the period 1st January to 31[st] December 2024
Reference and administrative information
President:
Lady Deben
Trustees:
R Wilson, Chair of Trustees
D Fiennes, Vice Chair
A Sewell, Treasurer
C Strang, Secretary
E Burrows
S Brooks
J Attenborrow
R Burlinson
C Davis
K Davis
N Porter
Address:
Ipswich Museum
High Street
Ipswich
IP1 3QH
Charitable Incorporated Organisation (CIO) Number: 1184000 Registered: 20[th] June 2019
Bankers:
The Co-operative Bank, 11 Princes Street, Ipswich, IP1 1PH
Royal Bank of Scotland, C/O Natwest Bank, 2 Tavern Street, Ipswich, IP1 3BD The Suffolk Building Society, PO Box 547, Ipswich IP3 9WZ
Nationwide Building Society, 48 Tavern Street, Ipswich, IP1 3DL
Report of the Trustees for the period 1st January to 31[st] December 2024
The Friends of the Ipswich Museums changed from an Unincorporated Charity to a Charitable Incorporated Organisation (CIO) with effect from 20[th] June 2019.
The Trustees present their report and financial statements of the Charitable Incorporated Organisation (CIO) for the period 1st January to 31[st] December 2024. The financial statements have been prepared in accordance with the Charities Act 2011.
Structure, governance and management
The Friends is a Charitable Incorporated Organisation (CIO) Number: 1184000. The structure is defined in the Constitution.
Trustees are elected annually by the members at the Annual General Meeting. Any member of the committee shall be eligible for re-election except that a chairman who has been Chairman continuously for five years shall not be re-elected as Chairman until after an interval of one year. The committee shall consist of four officers and a maximum of nine ordinary members.
There shall be a President and up to three Vice Presidents who will hold office on the recommendation of the committee. There will be no term placed on the President who will have no voting rights. The Vice President shall have a term of five years, and full voting rights. Both the President and Vice President may attend any meetings as they see fit.
At the quarterly trustee’s meetings, the trustees agree the broad strategy and areas of activity for the charity, including consideration of grant making, reserves, fund raising and risk management policies.
All trustees give of their time freely, and no trustee remuneration was paid in the year.
Risk management
The charity has responsibility for the safekeeping and allocation of funds.
The committee relies on the expertise of the Colchester and Ipswich Museum service when making decisions on the allocation of funds to purchase new acquisitions.
The committee endeavours to manage exposure to the financial markets by following a conservative approach to banking and relying on the Financial Services Compensation Scheme.
Objectives and activities for the public benefit
The objectives of the association are to promote and encourage the preservation, presentation and development of the collections of the Ipswich Museums and Galleries, and to stimulate interest in the Ipswich museums and galleries within the community.
The association attains these objectives by:
Promoting the formation and development of the Friends of the Ipswich Museums; raising money and inviting contributions.
Engaging in, supporting and coordinating research, publishing, education, advertising and other charitable work for the furtherance of the above.
Organising and running meetings, lectures, guided tours, trips and other forms of publicity.
Generally furthering the purposes of the Museums and Galleries and encouraging the development of the facilities.
Appointing delegates and representatives to any other bodies with whom the Friends of the Ipswich Museums may be connected.
Taking any other lawful action to achieve the objects of the society.
The trustees confirm they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the policy for the year.
Trustees’ responsibilities in relation to the financial statement
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:
Select suitable accounting policies and apply them consistently.
Observe the methods and principles of the Charities SORP.
Make judgements that are reasonable and prudent.
State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Richard Wilson Andrew Sewell Chairman Treasurer
THE FRIENDS OF THE IPSWICH MUSEUMS
Registered Charity No 1184000
ACCOUNTS FOR THE PERIOD 1st JANUARY TO 31[ST] DECEMBER 2024
The Friends of the Ipswich Museums
Trustees Report for the period 1st January to 31[st] December 2024
Reference and administrative information
President:
Lady Deben
Trustees:
R Wilson, Chair of Trustees
D Fiennes, Vice Chair
A Sewell, Treasurer
C Strang, Secretary
E Burrows
S Brooks
J Attenborrow
R Burlinson
C Davis
K Davis
N Porter
Address:
Ipswich Museum
High Street
Ipswich
IP1 3QH
Charitable Incorporated Organisation (CIO) Number: 1184000 Registered: 20[th] June 2019
Bankers:
The Co-operative Bank, 11 Princes Street, Ipswich, IP1 1PH
Royal Bank of Scotland, C/O Natwest Bank, 2 Tavern Street, Ipswich, IP1 3BD The Suffolk Building Society, PO Box 547, Ipswich IP3 9WZ
Nationwide Building Society, 48 Tavern Street, Ipswich, IP1 3DL
Report of the Trustees for the period 1st January to 31[st] December 2024
The Friends of the Ipswich Museums changed from an Unincorporated Charity to a Charitable Incorporated Organisation (CIO) with effect from 20[th] June 2019.
The Trustees present their report and financial statements of the Charitable Incorporated Organisation (CIO) for the period 1st January to 31[st] December 2024. The financial statements have been prepared in accordance with the Charities Act 2011.
Structure, governance and management
The Friends is a Charitable Incorporated Organisation (CIO) Number: 1184000. The structure is defined in the Constitution.
Trustees are elected annually by the members at the Annual General Meeting. Any member of the committee shall be eligible for re-election except that a chairman who has been Chairman continuously for five years shall not be re-elected as Chairman until after an interval of one year. The committee shall consist of four officers and a maximum of nine ordinary members.
There shall be a President and up to three Vice Presidents who will hold office on the recommendation of the committee. There will be no term placed on the President who will have no voting rights. The Vice President shall have a term of five years, and full voting rights. Both the President and Vice President may attend any meetings as they see fit.
At the quarterly trustee’s meetings, the trustees agree the broad strategy and areas of activity for the charity, including consideration of grant making, reserves, fund raising and risk management policies.
All trustees give of their time freely, and no trustee remuneration was paid in the year.
Risk management
The charity has responsibility for the safekeeping and allocation of funds.
The committee relies on the expertise of the Colchester and Ipswich Museum service when making decisions on the allocation of funds to purchase new acquisitions.
The committee endeavours to manage exposure to the financial markets by following a conservative approach to banking and relying on the Financial Services Compensation Scheme.
Objectives and activities for the public benefit
The objectives of the association are to promote and encourage the preservation, presentation and development of the collections of the Ipswich Museums and Galleries, and to stimulate interest in the Ipswich museums and galleries within the community.
The association attains these objectives by:
Promoting the formation and development of the Friends of the Ipswich Museums; raising money and inviting contributions.
Engaging in, supporting and coordinating research, publishing, education, advertising and other charitable work for the furtherance of the above.
Organising and running meetings, lectures, guided tours, trips and other forms of publicity.
Generally furthering the purposes of the Museums and Galleries and encouraging the development of the facilities.
Appointing delegates and representatives to any other bodies with whom the Friends of the Ipswich Museums may be connected.
Taking any other lawful action to achieve the objects of the society.
The trustees confirm they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the policy for the year.
Trustees’ responsibilities in relation to the financial statement
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:
Select suitable accounting policies and apply them consistently.
Observe the methods and principles of the Charities SORP.
Make judgements that are reasonable and prudent.
State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Richard Wilson Andrew Sewell Chairman Treasurer
THE FRIENDS OF THE IPSWICH MUSEUMS
ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Income and Expenditure Account
| Income Subscriptions - ordinary - corporate Donations Christchurch Mansion Cash Boxes Electronic Donations Less System Costs Angels Conservation Appeals HMRC Gift-aid Commemorative Tribute honouring Paul Bruce Contribution to the Purchase of the Churchyard Albums Tours and Talks Less expenses Fund raising events Less expenses Interest Suffolk Building Society Interest United Trust Bank One Year Fixed Rate Bond Interest Cambridge and Counties Bank Less bank charges Publications Less print costs Grants The Foyle Foundation re Museum Development The Clore Duffield Foundation re Museum Development Lord Belstead Charitable Donation re Museum Development Expenditure General Administration Web-site design and maint. Subscriptions Newsletters Commemorative Tree honouring Paul Bruce Surplus (before appropriations) Appropriations 2023 Contibution to Rendlesham Collection - Coins Angels Reglazing Project Contribution to Black Suffolk Artwork Purchase Contribution to Zinkeisen Portrait Purchase Churchyard Albums Purchase Liberica Tray Purchase WE Pepper Painting Purchase 2024 Angels Reglazing Project Contribution to Henniker Portrait Restoration ISCRE and the Story of the Windrush Generation Withipoll Medal Acquisition Contribution to the Samuel Read Artwork Purchase Contribution to the purchase of Anglo Saxon Coins & Artefacts Museum Redevelopment |
£ 3,324 1,400 |
£ £ 4,724 3,215 801 2,110 145 5,687 747 8,756 0 75,000 100,000 10,000 211,185 136 334 470 1,211 2,150 209,035 560 2,500 1,500 3,720 2,500 2,710 230,000 2024 |
£ £ £ 3,508 1,400 4,908 4,297 1,566 504 1,062 5,037 5,276 2,183 2,000 2,890 559 2,331 2,631 1,291 1,340 2,492 2,790 0 2,790 30 0 30 0 33,746 247 619 470 1,532 204 3,072 30,674 4,676 4,345 2,000 3,500 4,500 500 381 19,902 2023 |
|---|---|---|---|
| 1,305 504 |
|||
| 7,543 1,856 |
|||
| 1,435 688 |
|||
| 1,762 2,552 4,442 0 |
|||
| 30 0 |
|||
243,490 - 34,455 10,772
Balance for year after appropriations
THE FRIENDS OF THE IPSWICH MUSEUMS
ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Balance Sheet as at 31st December 2024
| Assets The Co-op Bank Current A/C RBS Deposit A/C Ipswich Building Society Nationwide Cambridge & Counties Bank United Trust Bank Total cash at bank Assets Listed Debtors: HMRC Gift-aid claims Corporate Subs Total Giving Liabilities Listed Creditors Ipswich and Colchester Museums re Museum Redevelopment Ipswich and Colchester Museums re 80 Ipswich Portraits BAFM Subscription and Insurance Tuddenham Press Ltd Newsletters and Tour Leaflets Colchester City Council re Anglo-Saxon Coins and Artefacts Net Assets Funds Balance brought forward Net Deficit of funds for the year |
2024 £ 116,720 1,790 40,525 3 92,232 - 251,269 1,500 150,000 1,250 470 - 2,710 98,339 132,794 34,455 - 98,339 |
2023 £ 13,349 1,790 90,763 3 87,790 85,000 |
|---|---|---|
| 278,694 5,800 200 350 150,000 1,250 470 530 - |
||
| 132,794 | ||
| 122,023 10,771 |
||
| 132,794 |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustèes On acUnts for th• year ended Charity no (if any) 31°, 2o2LI I I £iFC)00 Set out on pages Iremefflber lo the wge numbers of 3ddition31 shet5 I report lo the trustees on my examination of the accounts of the above charity llhe Trust.) for the year ended iio , IriSvi I Responsibilities and basis of roport As the charivs trustees, you are responsible for the preparation of the accounts in accordance the requirements of the Charities Act 2011 ("the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applible Directions gNen by the Charity Cornmission under section 14515Xb) of the Act Indopendent oxamlnerfs ststement nde 8ppliGaW. Delete [ J rfnot applicable. I have completed my examination. I confirm that no material matters have me lo my attention in connection with the examination {other than that disdosed below.) which gives rne Cause to believe that in. any material respect." the accounting records Vre not kept in accordance with section 130 of the Ch8ri1ies Act., or acwunls did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming the fom and content of accounts S6t out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair. view which is not a matter considered as part of an independent examinalton. I hav8 no concems and have come across no other matters in conneGtion with the examination lo which attention should be drawn in this report in order lo enable a proper understsnding of the acttjunts lo be reached. ' Please delele Ihe words in the brack$ rfthey do not apply. Slgned: Dats: Name: A$ Relovant professlonal quaiificationls) or body IER Oct 2018