Charity registration number 1185086
THE WEARDALE MUSEUM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
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THE WEARDALE MUSEUM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 Our social media COVÈTage has increased considerabty and in Ihe 2023124 rThJseum openirxJ sèason our FabOOk page has attracted 2.5( fdSty¥ers and 2.11Xl k.kes and in November 2024 our content was 35,372 limes. In51agram has attracted 178 looWerS. athj tAas trn m th• [t." TikrtX has attr) 609 folk)ws. IThis is am addthcffial to the irrterest shtrm in our Tapest. s¢1 nwAl¥.I The Tapestr$ Pr(4ecl has fr(th Stsprw kn Strerh3th si1 118 h)mwl lavnth srnber 2ff23. arnl has attraded signrftsnl 8ttents)n. and fvnd rnising Thank5 musl go to OavJ Heatherw)gton. ojrator erneritus and a fomier Twstee. lor his unsts"nting hartt woth In corMg of and ¢¥gani&ng the rKoJed and spezkn'ng on rt at countless exhibitions and presentalions throughoul the regKJn. Our Family History service aso ¢ontinues, under the leadership of Ken Heatheringlon another lorffr Trustee. to èttrad wortdvThJe enqvw from paople wrth conrexions to Weardale families and conlinues lo be a Source of swJnrfr¢anl donatns. The Trusteès are therefore FAeased to r•FyI ihat at the date of Iht 2024 AGM (Decem l(Jhl Ihe Chanty sofvent with a safe and statHli5ed Ixjihjing. are theTefore set to èrnbark on ts next phase ol Ihe redevelopment plan- refurbishment and rtrpurposing ol the Char4 buikling. have some mapr gr8nt appliCalnS In pla. and hope for lavourabk responses next year. We have received a sgnificanl F4edge from a regn•1 carrtabl8 twst towards repair and restoratK)n of the w1nt organ an¢J ils reinstatement In the Chapel. The fOrne5 of the Museum aThJ Chapel ha¥e atrw5 t)een cbsety lfftked From the Museun'$ 1985 lo the of thtr Chapel Felcr%lM"p to 4$ its use for )rship, and ils ssjbsequenl s to tre Trustees, the Museum was a tenant of the Chapel. Visrt¢X5 lo the Museurn also enw tou of Ihe Ch oc£awnal organ recrtsls laThl smging of Methodist hymns &¢(¥nint1. The Chapel's snarr in the history of Melhodism is a mapr conln"bLrtK)n to rts iyipytartt and atlradion. also able to use the Chyl lor administrative meètings. CtureS awbd Sentat)n$. and for £ommodaiiw of lafger visitor groups. None of that is currently been possible since the Chapel ts n(Mt a buildin9 Srte Once the restorabon work$ are successfulty Completed we ftjlly Inlend lo SuMe use of the Chapel for all these activities as well a5 addrtb)nal space for display of the Museum's ¢olleclK)ns. &Jd9 to ihe Tr11ty ol the whole wqecL combined Chapel arJ Manse bJ"kJings dunng 2026. In the .2025 mark the 4Nh annNersary tsf the opening of the Museum. and the Trustees are Jlreaty beginnir¥J to (xJn&der how tst to Gebraio the or£as. Flnan¢ial rpvi•w The year was dominaied by trE Sh1181 from an unextded 'CIAuk At of Colapse. fft)tsftatn folknw.ng a slwctural engrneer's planned instdn. The Trustees Ihal the IP9 Heamh aThY Salety to wevent Ihe t#JdIng lallirg onto hWr•y triwTW the need to s(rf¥ent and so atsthorised o)mpletK)n the repairs at once. resuthng it)- an unpaKI bill of £19.(I)0 to the main cthitr • a iedu¢tKin in cash holdings from £28.811 10 £10.496 A recovery plan was igunched using a¢hKe from the Asxoalth of Inttspwitspl Altssgums and an ins0er practits"oner. A way lorward %wds Klentffied. 9iven the Contrlor'S extreme 9enerosty in exlendmg indefinrte uedit line for the outstsrtdrng ¥01¢e. knelheless the Muwjm was at tr of the finaroal ya. Duwing the year total unrestncted rec*w £34.64812023" £38,345). For lh& year eThJed 28 Febnry 2024 we had an unrestrKted of £935 12tr23." SU1$ of £3,451) unrestrthd rèseThes at the year-end of £148.03812023. £61.370I. At the year end there was a ert of£2.336 unreslncted free SerVeS(2023.' surplus of £22.8871.
THE WEARDALE MUSEUM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 It is the policy of Ihe charfty to matntaln a baLqn¢e on uniestricled lunds whth equates to al least six rrM)nths niestricted payments, equivalent to £I0.000, to cover emergency situations that arise from time to lime. Reserves held in excess of Ihls requirement w¢ll be used for museum project8. The Mv5eum has been rèturned to solvèncy and work ts progressing satisf8dority on ié-establlshing ils long-tem abjlty. Cash holdings are ncfiv up to £42,350, 05 at No¥ernber 2024. Structure. 9ovemanc• and managem• The Weardale Museum is govemed by a CICkA$so¢iation dated 291h Augusl 2019. Charl* 8tatUS VAS granted on 29th Au9USt 2019 tts tt)nlinue the obpclives ol the previous charty. The trustees are responsible lor making decisions on all malters of general concem and irnportonctr lo the charity mduding decKI9 on how the hjnds of The Wearde Museum are to be Bnt. The Irustees vtho sd duiing Ihe year and up to the date of Snature olthe fina31 statsm8nt$ We.. Mrs Phillippa Rowe Ms Zelda Heney r Wlliam Wlson Re¥ Heather Ro Mr John Jackson Mr Owain GardIr Mr5 Margaret Manchester Rev Eoin Buchanon Mrs Anrta Atkinson Mrs Kathleen Gill Mr John Norm8n Mf Allan PercNal Mr Kenneth Healherington Ms Eleanor lliamS Mr5 Eileen Steinbock Mr Philip Newbold Mr Michael Beer Mrs Eileen Steinbock (Retired 6 D&cember 2023} {RèsvJned S D6¢ernber 20231 (Retsred 13 June 20241 {Re5wJned S t)ecember 2023) (Retired 23 May 20241 (Deceased 30 June 20241 IResigned 5 Seplember 20231 IRets"red 20Augu$l 2024 IApw"nted 6 Febnjary 20241 The Museum's Fnends elect from their membership Trustees who 8re prepared to give up a little ol their lime to help manage the Museum and make deelsion3 on behalf of the mèmbers. Trust8es play a valuable role and we Ihank them for making the comrnitment. Nor of Ihe trustees has any beneficAI interest in ihe ry)mpany. All olthe trustees are membern ol the company and have no 14bilty to contnbute lo rts assets and no persiThl resp(sibIlity for seluing its debts and 118bilthes in the tsnt of a winding UP The trustees, report was approved by the Board of Trustees. Mrs PhlIpp8 Rv Chairnian Date.. (At 9014
THE WEARDALE MUSEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WEARDALE MUSEUM I report to the tnjstees on my exarninalion of the finanual slalemertl$ of The Weardale Museum Ilhe eh8rrtyl for year ended 28 February 2024. Respon•lbllltl8s and basis ol report As the Iwstees of Ihe charrty YOU are responsible for the Pfepafabon of Ihe finanoal ststements in accordance wrth the requi¥emenls of the ChalilSAct 2011 Ilhe 2011 kt}. I report in rtrspect of my ex8minal¢on ol the chanty's financial slattsmenls farried out under SeCtn 145 of Ihe 2011 Act. In carrying out my examination I have followed all the applicab Direclk)ns gen by Ihe Charity CommisSn under section 14515llbl of the 2011 Act. Independent examinerfs ststem•nt I have coMped my examinatK)n I confirm thaf no matlèrs have come to my 8tlention In Connection th the examination gNing me caiise to believe that in any matenal rèspect. accounting records were not kept in respecl of Ihe chaity as ièquired by secbon 130 ofthe 2011 Act," the fin8ncial statements do nol att¢xd vthh those records.. or the financial statements do not Compty wth Ihe aptyabkn reWwernnt$ o)ncèming Ihe folm and conlent of 8ccounls sel out in the Charilies IAccounls and Reportsl Regulations 2008 other than any reQUiret Ihat Ihe accounts give a true and fair view which is not a mèlter considered as part ol an independent examinatK)n. I have no concems and have ¢ome across no other matters in connection with the èxarninatSon to which attention shoukl be drawn in this report in order to enab a proper understanding of the fjnancial statements to be reached. Philip W Lamb FCA Allèn Sykes Llmited Unil 84 Caslle Gardens Slanhope Co Durham DL13 2FJ
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THE WEARDALE MUSEUM STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2024 2024 2023 Notes Foxed assèts Tangible assets 15 168,676 168,676 Current assets Stocks Cash at bank and in hand 16 1,000 10,537 1,000 28,851 11.537 29.851 Creditors-. amounts falling due wlthin one year 17 11,6801 17801 Net Current assets 9,857 29.071 Total assets less current liabllltles 178,533 197,747 Income funds Restricted funds nrestiicted fun Designated funds General unrestricted funds 18 30.495 136.377 19 640 147.398 61,361 148,038 61.370 178.533 197,747 The financia5 statements were approved by the Trustees on . .1.11.121.20 L 14 Mrs Phillippa Rowe Chairman
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUAR Y 2024 Accounting polici Charity infomiai?on The Weafdale Museum 15 a CIO a Cl(Ms8(Lkn dated 29th AtyJ¢tst 2019. The r89tstered office is Hh House Chapel. Ireshc¥)ekn. BphckI•la. Cwnty Durtm. DL13 1HD. 1.1 Accountin9 ¢onventSon The finanual statemènts have been prepared in accordan wth the chanvs s)¥pmry tt¢1. the Charibts Acl 2011. FRS 102 "The Finan(ial Repothng Stsndard applrab in the UK and Republ ol Irelarwf fFRS 102.1 and Il charib.es SORP "Accounb"n9 and Reporting ty Chari1. StatenI of Recommended Pradice appltsblÈ lo charites preparirMJ theii accounts in acCordce the Financial Reting Standard apphcab UK and Repubh"c ol Ireland IFRS 1021- leffeclive 1 January 20191. The chatty 15 a Pubk Enbty as detvd by FRS 1Q. The tharty has taken ats¥ntage of the in tr SORP )r chariw not to prepare a Stalwnenl ol Cash Fh)ws. The financial statements a prepared in Slertg. whi¢h iq the d the cxgrity. Phonelary amounts in these finan¢i81 slatennts are rounded to the newest £. The financial 5tatemenls ha¥ been Prepa urth the histtyK¥l cost teri. Tr actwnts liryes adopted are set rjjl bexT. 1.2 Going concem At Ihe tin of approving the fmantsal staterrenls. th• tru51ees have a reasonable trxpeclation Ihat the chanty has adequate resources to C1.ue in existerte Ihe f{esee&ble fubjre. Thus U)e tn6tees continue to a(lopt the gow cryKem bags ofacccwntyvj the finan(i81 slatemnts. 1.3 Charitsble fund• Unrestricled funds are avaifable fDr use at the dil of thè trustees in lut11wwKe of Ihw charrtable obiectpves. RestrKlet1 funds a 5ubJed to specific Condrt$ by LtrJr•)rs of grantors as to itsy be us•Y. Th• pu)se$ and usès ol the $1 funds are set oul in Ihe notes to Il finanaal stslerrm 1.4 Income Incon is recognise(l then tlje thiity is legaty entthd to it after arry performanc• c•ndrtions have been nt. Cash donations ar• recognEed c¥) retW. Othw <kWbJns we W)MiSed once lh8 has been noiffied ol the donalion, unless rrfOnar coThJrtms requwe ¢kferral of the aThwt. tsx reo)vwable in relation tts donations received urKler GrftA•1 or deed5 01 covenant 15 recwtsed at Ihe ol the donabon. the amounl Is krthyn, and reIpt is exFded. 11 the amount 1$ not kncfm. tt Wcy ks tre3ted as o)ntwl asset.
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 Aceountin9 poIici•s ICont5nuedl 1.5 Expenditu Expenditure is rècognised oncè there is a legal N ¢on8truclw obligation to transfer economic benefft Its third paty. it is probable that a transfer of economic benefits will be required in settlement. and the amouni of the obligak'on can be measyred ieliably. Expenditure is dassified by activity The costs tsf each aclivty are made up of the 10181 of dir1 costs and shared costs. induding SUPPOrt costs Involved in vndertaking each activity. Direct cosls attrlbut8tAe to a single acti¥ity are allocaled diredty lo that actNty. Shared costs which contrtbute to more than one 8clivity and support costs vknich a not attiibvtabte to a single activity arè apportioned befften tSe activils on 8 basis consistent wilh Ihe use ol ¥esources Cenlral staff cA)sls arè allctaled on the basis ol lime spent. and depreuation chaiges are allocated on the pOrtn ol the asset's use. 1.6 Tangible fixed a88et8 Tangible fixed 85sets are Inttlalty measured al cost •nd subsequenity measured al cost or valuatTr. nèt of depreciation and any lrnpaimient losses. Deprect is recognised so As to write off the cost Or valuatlon of assets less their residual values over their useful lives on the folluMg bAsès.' Feh0bj land and bjildir Tapesln'es Not Oepreaaled Not depretyated Freehojd prop8rt and tapestn.es aTe not deprecial•d 86 their residual values a not i>Jnsld&red to be less than cost. The gain or loss arising on the ¢Yisposal of an asset Is <Jetermined as the difference t•lpen the salp proceeds and the carrying value of the asset. and Is recognised in the 5talernent ol financial actNtsS. 1.7 Impalrrngnt of Ilxed a8s•ts At each feportlng end dale. Ihe chanty revtews th• e4rying amounts of rts tangsble assets to delerrnine whether the is any indtiOn that thosè assets ha¥6 suffered an impairment loss. 11 any such ]ndallOn exists, the rec¥)verable amount ol Ihe asset IS e$bm8ted In order to detemine ihe extent of the impairment h)ss Irf any). 1.8 Stock• Stocks are stalet1 * the bwei of cost and tsmated selIM price. Net realSsable value is Ihe estimatèd 8elling P tess all esb"mated costs of compkIn and o)sts to be incuried in marketing, selling and dislrtbutlon. 1.9 Ca•h and c•8h equrvalents C8sh and cash equivalent5 include cash Sn hand. deposits held al call with banks. cthtsr 5horVteim Iiqu investments W41h original maturities ol Ihree months or less. and bank overdrafts. Bank overdrats are shown within borrov*lngs in currenl labilth$. 1.10 Flnancl•l Instrum•nts The chanty has ewed to appty th• pro¥isKJns of Section 11 'Basi- Finan¢ial Instruffpnls. and Section 12 'Oiher Financial Instrurnents15sues' ol FRS 102 to all of rts frnan(ial insinJm8nts. Fln8ncial instruments are re(y)gnised in lh8 ¢hariV5 balar s1 when the ¢h•nty tecomes paty to the ¢onlr8¢lual provisions of the in$trurnenl.
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 28 FEBRUAR Y 2024 Accountlng pollcies (Continued} Basic financial assets Basic financial asse15. whth indude debtors and casts Bnd bank balances, are inlllally rneasurèd at transaction Kvice induding transaction cosls and afe subsequenlty carried at amortised cosl using the effectivo intefest meihod unless the arrangemènt ¢$tuteS a finanang Iransaction. where the transaction is measured al the presenl ¥aluÈ of the ffutu receipts discounled ai A market rate of inte51. Financi81 assels classified as r8¢gNable wrthin one year are not alrts"$ed. Basic financial Ilabilities Basic financial liabilities. Including creditors and bank loans are inllrdlly Tecogni5ed at Iransadion price unless the arTangemenl constitutes a financing transaction. where the debt instrument is measured al the present value ol the lulure payments discA)unled at a market rate of Inttsrest. Flnancial liabilities classled as payable within w year are not amortised. Trade credrtots are obh'gth"ons lo pay for goods or Servi Ihal have been ae4uired ITr the ordin¥y Ix)urse ol opeialions from suppliers. Amunls payable are dassffied as cunenl Iiabilrties if payment Is due hthin one year or less. 11 not. they are presenled as noa-current liabilibes. Trade ¢rtoIS are recognised at transaction price and subsequentty mèasu at amrtlsed cost using Ihe effectwe int•re8t melw. Crllieal accoUnn9 estimates and judgements In the application of the thaTity's accounting policS, the twslees are required lo make judgement5. estimates and assumptions about the carryiThJ amunl of assets and liabilities Ihat are not readiw apparent from other sour. The eslirnates and assouated assumptions are based on hIstlc81 experience and other faclors that are considered lo t* relevant. Actual results may dffter from these estimates. The estlm8les and undertying assumptTr$ are revièwed on gn ongoing basis. R•visions to acrnunting estimates are recognised in the period in which the estimate Is revisetj where the revisK)n alfecls that Tiod. or In the period ol the revision and future periods where the ievision affects Ih)th Cuent and luture periods. Incom? Irom donations and 1•gael Unrestn"¢ted fund¥ 2024 Unrestricted funds 2023 Donatxjns and Legaaes receivable Grants 11.414 3.(K)O 1.067 31.241 14,915 32,306 Don2llon$ and g1ft# Donations Gill Aid 7.425 3,989 I.7 11,414 1.C67
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 28 FEBRUAR Y 2024 Income from donations and legacie5 Icontlnuedl Unregtricted Unrestricted funds funds 2024 2023 Grants recelvable for cor• aetivilies Davenport Tru51 Other 501 31.241 501 31,241 Charitablè activitie Total 2023 ciiwatio 2024 24 Grants 6.656 12.5(K) 20.656 154.726 Income from other tradlng activities Unrestricted Unrestr4ei8d funds ftjnds 2024 2023 AdmisOn5 Family history donations Fundraising events Sales Sundry income 3.485 ,219 1,621 1.993 1.337 2.218 1.811 AclNrt*s for 9ene¥ating lunrfs 9.655 6.037 Other Income Unrestricted Unrestrieted funds luniJ5 2024 2023 Listed Places ofworshp Stheme 10.078 10-
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2024 Expenditure on ral8lng fund• Llnrès¢ricted Unrnstricted funds fund8 2024 2023 Fundralslng and publlclty Govemance costs Museum costs 150 1.015 778 150 1.793 Charitable actlvltles Museum Tapestry Organ Colleetlon Communlty r•#toratlon con•tru¢tion restoration curatlon outr•aeh 2024 2024 2024 2024 2024 Total 2024 Total 2023 Communrty Engagement Technical Consultancy Projecl Management Acquisitions Restoration & Oisplay 571 571 17,430 17.430 11,349 2,932 70 2.932 112 15.707 14.845 42 18,496 1.5tK) 1,892 4.707 26.595 15,977 35.926 4,502 1.892 4.749 571 47,640 $8,742 Share of 8UPPOrt costs (see note 91 19.075 25,978 27.422 Sharc of 90vemance costs Isee note 91 150 150 150 150 750 S.075 55.151 5,634 3.024 8.857 1.702 74.368 91,239 Analysls by fund Unrestricted lunds- gèneral Resln"cted funds 24.5K¢ 2.701 1.132 5,308 1,702 35.433 33,101 30,561 2.933 3,549 38.935 58.138 SS,151 5.634 3,024 8.857 1.702 74.368 91,239
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 Support costs 2023 Utilities Property. equiprrnI & furnishing Telephone & intemet Retail materials Printing, $tr9e & slats'onery LntS & sUbpS Insurance Sundry exp8n 4,020 401 401 308 744 1.227 14.074 5,883 744 1.227 14,074 5,883 954 16.243 2.801 16.243 2.801 1.020 5.070 Legal and wofe65KThI 5,070 25.978 26.878 27.422 33,512 Anatysed tw68n Fundiaising Charitable ac1rv1tS 150 7x1 150 26.728 1.015 5.075 1.015 32.497 25.978 27.422 25.978 26.878 27,422 33,512 10 Nèt rnovement Sn lunth 2024 2023 The net rrthiement 15 slated altér chargrW{ryedl." statement5 11 Tntee5 None of the trustees lor pw50ns wilh ttwil receN•d any rene18th)Tr or beneffts from thè tharty during the year. 12 Employees The avera monthty nuthr ofempkjyees during the yearwas: 2024 Number 2023 Numbtrr Totsl 12-
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2024 13 Tax•lion 14 Transfers released dunng the year. The transfw5 have been fflale m ordef thal the rIK#ed fijnds sh(ywn In the balance sheet at Ihe year end sh¢)ws the loial amcwni of fimthr¥J l•s been $ttte in rts purpose. Furlher delails of the Iransfèrs ran be foLFnd in note 18. 15 Tanglble fixed awts Tow Cost At 1 Mawrh 2ff23 165,426 32YJ 168.678 At 28 February 2024 16S.426 3.2> 168.676 Canying amount At 28 Febwuary 2024 165.426 168,676 At 28 February 2023 165.428 3.250 168,676 16 Stocks 2024 2023 17 Cr8ditord: arnount• lalllng dup one year 2024 2023 Trade creditors AccrLtals 13-
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 18 Ro•trtct•d funds The r&5tricted turTrd8 of the tharity comprise tho unexpended balances of donatKJns and granls held oft trust subject to specific ConditnS by donors •8 to how they may be used. Mov•men¢ In fund Intondng Ro•our¢as ourG•• •xp•ndg¥ Movwnent in funds Ineomkng R•¥ouiw Trwf•rs &•l•nc• re¥o¥f¢•8 •xpended 28 F•bru•ry 2024 B•lhrK• at 1 h 2022 TrnMf•rn Bai•rt¢• 1 M•rth 2023 cultu 8ridg& Believe Housing Organ Appèal Chapel Crowdfunding East Hedleyhope VndIa The Radcliffe Trust Garfield The PpIe,$ P081¢ode The Priestman Twst WAAP O N Organ Trust rhv Barbour Foundation Durham Di9ltal ONE Foyle Foundation The Rank Foundation The Hadrian Tru$t CDCF Arts and Culture Gibbs 1,500 1.0 19201 17801 15.2141 11,2371 14871 580 220 15801 12201 2.971 1.243 1.918 2.OCrfJ {6811 16201 12.0001 140.0001 1,513 2.000 40,000 1S,785 2.000 18931 40,000 15,785 18.5671 15251 567 87 15,785 438 1,200 1.500 14781 122} 11,2001 11,5001 1.200 1.500 14.110 5,000 25.000 12.888} {5.0() 2.114 20,(K)O 550 1,000 7,611 I,cx)o 12.1141 115,(M)01 1550 11,0001 17,6111 550 12,483) 2,517 4,886 5,000 1,000 12,2751 1,000 14-
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FE8RUARY2024 18 Rest¢19d fund• IConUnu•dl Levellln9 Up Grant Durt)8m Fr•emasoni The Pilgrim Truii Changing Plac•8 Community Own•r•hlp CDCF Su$iainatsilily Barbour Foundation 2 MNDE 2 58,760 116.1371 40,823 140.8231 1,000 6,658 1,000 17,4531 18,7411 115,1981 13.3821 1590 11,7171 797 8,741 15,198 3.382 2.500 10,000 1,910 8.283 37,892 154,728 158.1381 1.897 138,377 20,656 138.9351 187,0031 30,495 Re8trlcted fund$ can be conilder•d In bltsck8 corr•4pondlng to the prtn¢lpal actlvlties of tho Mui•um. Outr••¢h An •xhlbib"on al tho IAty•rdoltr Fe$Val $upport•d by the Wvrd•l• Actlon Pirtn•r•hlp Chapel R•storaiion GI•1d Wo•¢on klndty allowed thelr lunil8 to be redeployed lo all•mative building wo The Communlty Own•r•hlp fund t•rgeted tha Main bulldlng repglr work Collectlon Curalkjn the newly-adde¢J Tow Low photographs and r?rdS support•d tyy the E*#1 H•dl•yhop• Wlnd Farni the Foyl• Foundatlon klndly &llowed th•lr remaining funds lo be redaployed lo building work deploymènt ol tha CDCF Su8taln•blllty fund awalt5 the appointment of a care te¢hnlclan, not u8•ful untll the Museum18 reopened in its expand•d forn 15-
THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024 18 R¢•trlcted funds IContlnu•dl The organ too wll be r¢$lored'. the organ hos been dismantleil anij sal•ty Stored wilh the help ofThe PrIlMan Tru$t and an Ory•n Appeal au¢Jlts-vi¥ual equlpmènt has been pur¢hased lo allow c4)ncerts to be broadca$t using a Dl9lt•l Improv•m?nt grant Tapesty Constru¢lion purcha$tr of fram•s. silks and thread$ is Supported by the Rad¢llffe Tru8t arld Glbbs project man8gement consullancy by MDNE schools. involvement vh4 Thg Rank Foundotlon. Th• Hadrl•n Trn•t. CDCF Arts and Cultur•. 8?Il•v• Hou$lng and Culture 8rldg• Transfers There were some Small Inaccur3¢ies in lh8 B8lfjn¢es Brought Forward figurts in the 2022-23 8ubmi$$ion for réricted fund$. These have been amnded. 88 shown in Note 18. The Tapestry grants have an unusually large number of transfers to unrestricted funds because completion was evidèn¢ed via school contacl and exhibrtions of th children'$ finished work. rather than th• more typicAI invoicing proco88. 16-
THE WEARDALE MUSEUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2024
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At1March | Incoming | Resources | Transfers | At 28 | |
|---|---|---|---|---|---|
| 2023 | resources | expended | February 2024 | ||
| £ | £ | £ | £ | £ | |
| Quilted Items Restoration | 510 | (240) | 270 | ||
| Tapestries Design | 300 | 300 | |||
| Envelope Crowdfund | 70 | 70 | |||
| Other | 9 | (9) | |||
| Gern;ral funds | 61,361 | 33,768 | (35,343) | 87,612 | 147,398 |
| -- | - | ||||
| 61,370 | 34,648 | (35,583) | 87,603 | 148,038 | |
| Previous year: | At1March | Incoming | Resources | Transfers | At 28 |
| 2022 | resources | expended | February 2023 | ||
| £ | £ | £ | £ | £ | |
| Other | 9 | 9 | |||
| General funds | 59,807 | 38,345 | (34,894) | (1,897) | 61,361 |
| -- | |||||
| 59,816 | 38,345 | (34,894) | (1,897) | 61,370 |
20 Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Fund balances are represented by: | |||
| Tangible assets | 150,374 | 18,302 | 168,676 |
| Current assets/(liabililies) | (2,336) | 12,193 | 9,857 |
| - | |||
| 148,038 | 30,495 | 178,533 | |
| - | |||
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Fund balances are represented by: | |||
| Tangible assets | 38,483 | 130,193 | 168,676 |
| Current assets/(liabilities) | 22,887 | 6,184 | 29,071 |
| -- | - | ||
| 61,370 | 136,377 | 197,747 | |
| - |
21 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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