**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 Fa￿bOOk
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 lo￿oWerS. athj tAas trn m th• [￿￿t￿." T*ikrtX has attr￿￿) 609
folk)*ws. IThis is am addthcffial to the irrterest shtr*m in our Tapest￿. s¢￿1 nwAl¥.I
The Tapestr*$ Pr(4ecl has fr(th Stsprw kn Strerh3th si￿1 118 h)mwl lavnth s￿￿rnber 2ff23. arnl has
attraded signrftsnl 8ttents)n. and fvnd rnising Thank5 musl go to Oav*J Heatherw)gton. ojrator erneritus and a
fomier Twstee. lor his unsts"nting hartt woth In cor￿M￿g 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 lorff*r Trustee. to èttrad wortdvThJe enqvw from paople wrth conrexions
to Weardale families and conlinues lo be a Source of swJnrfr¢anl donat￿ns.
The Trusteès are therefore FAeased to r•F*yI 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 appliCal￿nS In pla￿. and
hope for lavourabk responses next year. We have received a sgnificanl F4edge from a reg￿n•1 c*arrtabl8 twst
towards repair and restoratK)n of the w1n￿￿t organ an¢J ils reinstatement In the Chapel.
The fOr￿ne5 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$* its use for ￿)rship, and ils ssjbsequenl s* to tre Trustees, the
Museum was a tenant of the Chapel. Visrt¢X5 lo the Museurn also enw tou￿ of Ihe Ch* oc£awnal organ
recrtsls laThl smging of Methodist hymns &¢(¥￿nin￿t1. The Chapel's s￿n￿arr* in the history of
Melhodism is a mapr conln"bLrtK)n to rts iyipytartt and atlradion. also able to use the Chyl lor
administrative meètings. ￿CtureS awbd ￿Sentat￿)n$. 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. &Jd￿9 to ihe Tr￿1￿1ty ol the whole wqecL
combined Chapel ar*J 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 t*st to Ge*braio the or£as￿.
Flnan¢ial rpvi•w
The year was dominaied by trE Sh￿1181 from an unext*ded 'CIAuk At of Colapse. fft)tsftat￿n folknw.ng a
slwctural engrneer's planned inst*d￿n. The Trustees Ihal the IP9￿ Heamh aThY Salety to wevent
Ihe t#J￿dIng 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 ins0￿er
practits"oner. A way lorward %wds Klentffied. 9iven the Contr￿lor'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 Febn￿ry 2024 we
had an unrestrKted of £935 12tr23." SU￿1￿$ of £3,451) unrestrthd rèseThes at the year-end of
£148.03812023. £61.370I. At the year end there was a ￿er￿t 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$so¢iation dated 291h Augusl 2019. Charl￿* 8tatUS VAS granted
on 29th Au9USt 2019 tts tt)nlinue the obpclives ol the previous charty.
The trustees are responsible lor making decisions on all malters of general concem and irnportonctr lo the charity
mduding decKI￿9 on how the hjnds of The Weard￿e Museum are to be B￿nt.
The Irustees vtho s￿d duiing Ihe year and up to the date of S￿nature olthe fina￿31 statsm8nt$ We￿..
Mrs Phillippa Rowe
Ms Zelda Heney
r Wlliam Wlson
Re¥ Heather Ro
Mr John Jackson
Mr Owain GardI￿r
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
ts￿nt of a winding UP
The trustees, report was approved by the Board of Trustees.
Mrs Ph￿lIpp8 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 Chalil￿SAct 2011 Ilhe 2011 kt}.
I report in rtrspect of my ex8minal¢on ol the chanty's financial slattsmenls farried out under SeCt￿n 145 of Ihe 2011
Act. In carrying out my examination I have followed all the applicab￿ Direclk)ns g￿en by Ihe Charity CommisS￿n
under section 14515llbl of the 2011 Act.
Independent examinerfs ststem•nt
I have coMp￿ed 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 apty￿abkn reWwern￿nt$ o)ncèming Ihe folm and conlent of
8ccounls sel out in the Charilies IAccounls and Reportsl Regulations 2008 other than any reQUire￿*￿t 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 H￿h House Chapel. Ireshc¥)ekn. B￿ph￿ckI•la. Cwnty Durt￿m. 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￿. State￿￿nI of
Recommended Pradice appltsblÈ lo charites preparirMJ theii accounts in acCord￿ce the Financial
Re￿ting Standard apphcab* UK and Repubh"c ol Ireland IFRS 1021- leffeclive 1 January 20191. The
chatty 15 a Pubk Enbty as detv*d 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 Slert￿g. whi¢h iq the d the cxgrity. Phonelary
amounts in these finan¢i81 slaten*nts are rounded to the newest £.
The financial 5tatemenls ha¥* been Prepa￿ urth the histtyK¥l cost t￿￿eri￿. Tr* actwnts
liryes adopted are set rjjl be*xT.
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 di￿l￿ 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 ￿$1￿ funds are set oul in Ihe notes to Il* finanaal stslerrm
1.4 Income
Incon* is recognise(l *then tlje thiity is legaty entthd to it after arry performanc• c•ndrtions have been n*t.
Cash donations ar• recognEed c¥) ret*W. Othw <k*WbJns we W￿)￿MiSed once lh8 has been noiffied
ol the donalion, unless r￿rfO￿nar￿ coThJrt*ms requwe ¢kferral of the aThwt. tsx reo)vwable in
relation tts donations received urKler GrftA•1 or deed5 01 covenant 15 recwtsed at Ihe ol the donabon.
the amounl Is krthyn, and re￿Ipt is exF*ded. 11 the amount 1$ not kncf*m. 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 dir￿1 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 t￿Se activil*s 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 pOrt￿n ol the asset's use.
1.6 Tangible fixed a88et8
Tangible fixed 85sets are Inttlalty measured al cost •nd subsequenity measured al cost or valuat￿Tr. nèt of
depreciation and any lrnpaimient losses.
Deprec￿￿t￿ is recognised so As to write off the cost Or valuatlon of assets less their residual values over their
useful lives on the follu*Mg bAsès.'
F￿eh0bj 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•l*pen 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 ind￿tiOn that thosè assets ha¥6 suffered an impairment loss. 11 any such ]nd￿allOn
exists, the rec¥)verable amount ol Ihe asset IS e$bm8ted In order to detemine ihe extent of the impairment
h)ss Irf any).
1.8 Stock•
Stocks are stalet1 * the bwei of cost and ￿tsmated selIM￿ price.
Net realSsable value is Ihe estimatèd 8elling P￿ tess all esb"mated costs of compkI￿n and o)sts to be
incuried in marketing, selling and dislrtbutlon.
1.9 Ca•h and c•8h equrvalents
C8sh and cash equivalent5 include cash Sn hand. deposits held al call with banks. cthtsr 5horVteim Iiqu
investments W41h original maturities ol Ihree months or less. and bank overdrafts. Bank overdrats are shown
within borrov*lngs in currenl labilth$.
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￿ s￿1 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 ¢￿$t￿uteS a finanang Iransaction. where the transaction is
measured al the presenl ¥aluÈ of the ffutu￿ receipts discounled ai A market rate of inte￿51. Financi81 assels
classified as r8¢gNable wrthin one year are not al￿rts"$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 class￿led 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 h￿thin 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 accoUn￿n9 estimates and judgements
In the application of the thaTity's accounting polic￿S, 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 hIst￿lc81 experience and other faclors that
are considered lo t* relevant. Actual results may dffter from these estimates.
The estlm8les and undertying assumpt￿Tr$ 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 Cu￿ent 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
Admis￿On5
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. equiprr￿nI &
furnishing
Telephone & intemet
Retail materials
Printing, ￿$tr9e &
slats'onery
L￿nt*S & sUb￿p￿S
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 ac1rv1t￿S
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{ryed*l."
statement5
11 Tn￿tee5
None of the trustees lor ￿ pw50ns wilh ttwil receN•d any re￿￿ne18th)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 r￿IK#ed fijnds sh(ywn In the
balance sheet at Ihe year end sh¢)ws the loial amcwni of fimthr¥J l•s been ￿$t￿tte￿ 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 Condit￿nS 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 V￿ndIa￿
The Radcliffe Trust
Garfield
The P￿pIe,$ 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¢$lored'.
the organ hos been dismantleil anij sal•ty Stored wilh the help ofThe PrI￿lMan Tru$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 ré*ricted fund$. These have been am*nded. 88 shown in
Note 18.
The Tapestry grants have an unusually large number of transfers to unrestricted funds because completion was evidèn¢ed via school contacl and exhibrtions of th
children'$ 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. 

||**At**1**March**|**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:**|**At**1**March**|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). 

- 17 -