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2025-02-28-accounts

ChArfty r•gl•tr*lon Nmb•r 1168Oa8 THE WEARDALE MUSEUM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

THE WEARDALE MUSEUM LEGAL AND ADMINISTRATIVE INFORMATION Trustèes Mrs Phillippa Rowe Mr Wlliam Wlson Mr John Jack50n Dr (￿aIn Gardner Mr John Nom)an Mrmlan Peraval Ms Eleanor W11￿M$ Mr Philip Newbold Mr Michael Beer Mr3. S Hinde (Appointed 5 November 2￿4} Charlty number 1185086 Prlnclpal address The Weardale Museum High House ChaFel Iroshowbum Bishop Auckland County Durham DL13 1HD Independent examiner Philip W Lamb FCA Allen Sykes Audit Limried 5 Hgnson Close South Church Enterpris8 P Bishop Auc￿and Co Durham OL14 6WA

THE WEARDALE MUSEUM CONTENTS Tru*oe¢ rnport Statoff￿￿of hn8n¢lol P￿1¢￿1 7-19

Draft FInI￿¢111 Staiomonls at 03 D6cthntrwZI25 •t 1&.3tr.12 THE WEARDALE MUSEUM TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 Tho finandal 8talemonts havo been pryrod In avrdancè wlih tho ac¢ountln9 poliGiBs sot oui In nots 110 thg nanejal statements ¢ornply with tho charW$ cIC￿3￿￿tIcn Ihg I￿ar￿leS Acl 2011 and 'PLcourtiNJ and ReportlrKJ by Charsues: Ststgrnent of RfjcomrnorKlod Practh applcaljlg to fArttlg8 prepArfnu th8lr accounts In accordance wrlh the Financlal Reporung Stsnd8rd appll¢able In the UK and R•publk of Ir•land (FRS 102). (Off￿￿Ve 1 Jarwwy 20191, Th• adVan￿Mont of publlc edU￿l￿n by th• provtslon of a museum comprlslng any Items or oxhltlts wh1( rnay from Umo to Ilm8 be PurCh￿￿d on bfjhalf of or dLThted kn tho musoum whlch may b8 deornod worthy of publlc thway {￿l¢h ttems oro¥hlblb hornlnaftercaltgj ryABct1￿". Alm8 and purpoM• Wo aro a small Indepen(lent foll( n￿￿rn run by volunteets for the PA8t ￿ ￿#r3 and localod at th¢ Hl9h Hou8 Method1 c￿pe1. Wo pmld8 a $8ng0 ol placa for those fwho15¥a In and viBIt Weardatg by tallkng Ihe slLYtfjo of Its hhtory and horf. We provlde a family hisknry seThlco u$tro our 70.£￿ thtaba89 ofweardalo fam111￿ w8 The tru9tg8s havg paEd dua reprd to by Ihv Clwlty Corrmknlon In dgcklkng wht th• ¢harlty should wKlertake. Achlovomonts and perfomwn¢• Tho Trustsvd havo faood a di111￿11 year. but th•nk8 to th• h8rd of forA$•d Task Teams. and to the nIn￿d SUFPOrt ofow Fdond8. Ylsltorn danorn, we ICM)k lo 8 p(thg futwg. Thg Tnwtèès were at ono Ilmg fadng Inso￿onCY aThl I￿tiat admlrdstrauon, thjg to th• dlstt)very of a rldoal At Rlsk of Collapse. repalr whlch had to be compl•tod for Health and Safety con8lderallon$. Howèver, having sought profes8knal adviL¥ frorn a konsed Insoww wacmtonor and from Assodailon ol ltsJepeTrJent Museums. we eMba￿ed on •n Inte￿8 recomy ￿￿918M￿. 8u(wsfully restorlng the Museum's ffflanc05. The bulldkno Is 81ablltg8d and s&%r•. Fthtr,11 meets ￿ronMantr1 c￿ligaIl￿￿. follovAThJ thB Installation of t￿88 urNJpr grn. ￿￿1 a ljat TOfiyJB wllhin ts Lap81 roof. facllNth J at)ve th& (lllw. Wo weTO doepty saddened ty ts unoxFrtJ loss ofourexcouort C￿￿￿. Kal8 Glll. to 8udd8n illness. Sho ￿11 bo dewy mls8ed. and Slanhow Church Fo¢ked lor her mom￿1 #eThlca. We are VBry grateful to Mlke 898rfor Imm•dlatgty stsppln9 Into thB rolg, ffTS( of athng ￿Tak￿. a￿1 then of CLwalor and Trust80. H• and th8 Museum Toam hqve TA￿rk#￿ hard lo kncrease thp museum's In(¥)me from vlsitors. ￿AteMal events, and donatlons. We aro extroThty gratofvl tr am th8 WJPKY)rt recdYe(l from t￿r Fderth, (knTrJr5. v&sitors stth¥ards arKI other volunl88rs. 05 wéll as Iho vAd8r¢ommunty. We hwrn recefvod donalk)ns In memw olWeardal8 faMil￿s.1 18 gratyng lo be ofth6 8ffeL*lon In whlch the hc4ds the A￿￿eUM. now°Adopl an l)Jr social m8dlg covwage ha8 Incrwod o)n8lderabty ￿ in the 2023r24 museum openlrwJ season our FacaboL pagg has attrnctod 2.500 followers 2100 Ilke8 aThd tn No¥￿nber 2024 ow rA￿tent was vlwd 35.372 Um88. Instauram ha8 attracted 178 followors. and was vi￿ad 969 tim85 in th• month: Twltterlx ha8 attraclod 609 foll¢yw8rn. (Th5s ly ￿ •ddltknd kn lkn61rtorest sknm In owT•pOsts￿ 50dal medla.)

Draft FlThanthl 8tatoThn16 at 03 D•owthr aW•l 1512 THE WEARDALE MUSEUM TRUSTEEV REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The fapestrles PmJ8rt ha? gone from str•nglh lo strongTh ￿nce Its fornia118￿ch In Spl8rnber 2023. and has attracted slgnlftcant rAtenllon, and fuNJ ralslng. ThAnkB rnu8t go to 04vld Heathèrtnglon. cJJrabr gmorfbjs and A fornier Tnmtse. for hls unstinllng hard work In 0)n￿lyIng of And organlslng thg PrO￿th and speaking on it at counU•g8 oxhlbltlons qnd wos¢ntalkJn8 thrcwhoul th• TW. Our F￿ sert• al￿ ¢ardlnuo5. underlhe k8adeTrh¥i ofKon Hoath8rkngbn aTtsfrnTru5108, to altrKwDrfdryd&•wulrfo5 from pwplawth cairmlon8 to Wa8rthlg famtlle8 and continu05 to bg a sour( Ofswkantdc￿knrm. W• 8r• a89ccffld Mltowl"HLrnf dal (4lry 20258Th1 ¢mm1851onod wrkto 1rnprO￿ ourKbts8. and r•-purposlng of the Chapel bulldlng. Wp have some maJor grant appll¢atlon8 In process. and hopo for favournble respon￿ n•xt year. We h8ve received 8 8igniffic4nt pledga frc41) a rngiDng1 chorftabl8 trust towards Tho fortun88 ofthe Mu8eum Chapel ha¥9 been lthj. From the Museum's foundation In 1985 to Ihg doGi¥Thi of the Ch2p81 Fallawshlp to c•ase Its u8er ¥vorBhty>. and Its sthequent s to the Trustsos, the Mweum wa8 a tonant crflhs Chapel. V16ttws to the Museum also an￿1 tours olthe Ch4)61 and (t¢a51onBI o re¢llals {8nd Slnglng of Mèthodist h￿nn# to Its aeeompaniment). Tho Chapel'¥ ¥ignrficancp In the hl¥tory of MothDdlsm 18 a major contrltxrtlon to HB lrnportanGe and attractlon. WB wgro alsts able to the Chapel frjr admln15tratfve mgeuws, and aThJ for •￿MM[￿Ja￿n oflargervtslkf ￿￿UP￿. None oflhat Is currently be8n p098bl& sknca the Chap61 is rw)w a bulldlng 81te. Once the regloratlDn works ar8 BU￿888fullY complttsd. wa fully int8Th1 to resum8 u88 of the Chwl fDr all thes8 a¢tlvili85 a8 well a8 for addltlonal $pae• for ay ofthe Mu¥ewn's collectt¢)ni. •Jthg to trylabllty pr￿ As8umlng lavourablo out¢omo8 of our appllcaHons w• alm to be ablg to racommgne8 uga of tho combln•d Chap91 and Manse buldlngs durfng 2tr26. In thè m8antimo. 2025 WTII mark the 40th anntversary of tho Fhwi¢lal rovlow . the PeoF4è8 PoBtcLwJe L• fvnd k￿¥￿ 8we&l tt>¢ThshJwthe crtttsl roofwaws as thè rxecur8or k) thè plaM8d Instaltauon olsdw Fqnels Varfoug emergew appe kn exlth supp￿r5 IIKal refi8d ts mu￿rn.8 mandated opornti T88$r￿ of£10.000 In unrestr[(￿ furxl& Cath hddlng8 knc¥pa¥ed from£10A97 kn Folywy2ry24fo £41.109 2tr25. tllh n0out8￿￿￿J debts. Durfro Ihe Jwtolal mrestslcknd receip*s were £28,97112024: £34.648). For thg ygar ended 28 Fèbnw 2025 w8 had an unr¢stricted surplus of £10,477 (2024.. dofidt of £935)1oavlng unro#trktsd re8èr¥ès al thè y8ar-end ol £164027 {2￿24." £148,038). At the >•arorKI th8 rl• hgkl wr88trkW free rnserv￿ of£13,653.

Draft Flnan¢lal stal￿￿•nts at 03 Docenknr2025 at 15:Tr.12 THE WEARDALE MUSEUM TRUSTEES. REPORT (CONTINUED) FOR fHE YEAR ENDED 28 FEBRUARY2025 It h tho pollcy ol Ihg th#rtty to maln141n a baloneL On unrestrlctod funds whlch eq¢Mle$ to at leasl slx monlhts unr95trlcied p8ymant6, equlvg16nt lo £ID,QOQ. lo cover em8ry8TIry situations tho18rise IFOM Um8 to Ilme. RessNas h8ld In exc￿ uf th1¥ r¢qul¥¢mont ￿1[ bo used f¢¢ projects. Th• Mus¢um ha8 yeon relumgd to solvènGy and workls tXO9ra&stng sausfactorlly on rwstablt8hlng It long49 vlabNrty. Cesh holdlngs now up10£42.350, as 01 November 2024. Strudut0 govomanrn and m•naggmgnt Th8 Weardale M￿SeuM}S govprned by a CIO4S6oda￿ft dated 29th Awl 2019. Charfftho¥tAbA wasgranted on29th Augusl 201910 Conun￿ fv obith oftro prwknjs chatmy. The INSte￿ arg reSpo￿}ble for makln9 dedgh?n$ on all matt8ts of gan￿1 and lffKJothrts to th& Charfty In¢lUdlng de¢khn9 the fund5 ofTrw Waatdab M¢tsgum are to b&sp•nL Tho tru8te89 who shlrYJ tha yggr and to tre dats of stgnaiur6 oflng fThndal Etal￿ts ¥Me: Phmippa Rowg Mi Wiiiam Wlson Mr Jobn a￿kSOn Dr oW￿n Gardnar MrJohn NoTrnan FArAllan Perov41 M$ EleanorWKlams Phiup Newbold Mr Micha&l Beer MR Man¢h89tet Mrs Anlta Atktnson Mrs Kthiw Gni Mrs. Ellgen Steinbuck Mrs SLwn Hindo (Resiqned 13 jur￿ 2024) (Resi￿￿d 23 May 20241 (D￿ased 30 June 24) {ResJynsd 20 AUg￿t 20241 (Appolnt8d 5 Novembor 2￿) Th8 Museum'¥ Fri8nds eleot Irom thBIT membershlp Trnstees who are prgp3Fgd trj glvo up a Ilttle ol th￿r Ilme to help manoue ts Mus8um and meke dodsions on behalf of the memboT5. Trusteos play o v41tsable fole and w thank them for rnakity thè ci>mm(tmonL Nono of th¢lrusle¢$ hag sny bpnolcid lrter85t b7 tho ttxnpany. Al trustees Org mgmbets of the ttjmpany and hav? no Kablllty to contrtbuta lo its a5￿.and no pe￿ortal rownsi￿lity for s&ttllng Its delJts &nd118brfftih8 in thfj ovant gfa wkndng up. Thg trust￿, rgWrtwaB apptovod ty the BoaEtI ofTntsk8s. Mis Phllllppa Rowe Chatrman D?t¢'.

THE WEARDALE MUSEUM INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES OF THE WEARDALE MUSEUM I rep)rt lo th& try•ts•6 Oft ry wninatk>h ofts th•ncl Jtknrd¥ olTh• ￿￿¢um Its 4orty) for th• ygor ¢Thd￿ 28 February 2025. Re•pwablllUe• ba•1• offe￿rt As th trurtees of thg Gharfty you Irq rospcfftlble for ￿ pr•patthi ofth• fflnanLlul ¥tstgmrrt• ID acwrd4nc• wth lh• 18q￿reme+￿s ¢fth• Ch4r#I￿￿1207l1tr￿ 2Q11 AL I r•port In rnspert of my examlnatb)n of tho charlyslknonclal statom8nts carrted out undèr lo￿0Th 145 01 th0 2011 AOL In ¢arrylng ¢yJt nry •xarrdnthn I hav• fo1)v￿d •M th• ippErbl• Dir•¢lion$ g￿n by th• ComMl88kn undgrsoLn 144Sllbl ofth•2011 IA I h8v• ¢omled my exanthalloTL I conftm) th•t rK• m8tt•rn tMv• c¥)m• to my In connKtlon wlh th? 8xamIr￿lIon gwg m ¢auio to bglkn•that In ary nxl•tsl rnspect ocuuntlng r￿OrdI ￿r8 nrt kopt In r•sF¢Ct oltho r•qulr•d ty B￿￿On 130 oftho 2011 * or the )In•nd•l stst•monts do not aee¢rf th￿8 ￿)r￿S ¢x the fnenolol $tstements do not c¥)mpty wnh th• •ppl¢4bkn w￿1MOrt• ts)n¢wntr¥ th• lorn aNJ (￿nt•nt ol aecounts sot out h) th? ChArll8s IA¢¢ounls and Rep￿ts) Regulallons 2008 olherthan •ny requIr$rr￿lh1ttho a￿AUnts • tNe and fltr %Avwwlkh16 not a mattor Lxn$ldor¢d 8¥ part olan Thidepond¢nt ￿m￿￿tion. I havè no contem$ •nd h•v• other tn c￿￿•￿1￿)n wAh the oxamlnatYJn to Thloh ott•nlon £hould be drawn Inth18 ropoft kn orderto •nabb 4 propor tyndgrnt￿dkng olth•fin8n¢*l 8tstom8nts t? bg reaoho Phlllp W L8mb FCA All4m Sykn• Llmltsd Unl B4 Castle Gaiden¥ Slanhopo Co Durham DL13 2FJ Dat•d:.lj

THE WEARDALE MUSEUM STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2026 VnM•lrl¢t•d R•lated nd• nd• Urwe•trlded PMtrf¢tod fvnd• nd Domloni and l•gacknB 18235 14,915 14,916 Mu88um restor8￿ft Tapesty con$lrtKti ¢Elo¢lkin ¢Ural￿ft Cth•rtr#dkng Olh•r Inthno $8,7e4 g6,784 1,500 12.600 514 1514 6,558 8,180 12,500 9,655 10,078 0,65S 10,078 8,180 24971 94.249 84,648 20,858 ExpBndlthr0 gv: Rgt¥lw fvnd8 Mu8•um r•$torath)n Tapesty eon8tru¢Jon Organ Mstornuan CoU•ction ¢ur¥th>n CoThmtsnMy tyAr￿ah 17,513 67.118 24.690 2.701 1,132 5.308 1.702 J,681 2,g33 1.892 3.549 E6,151 5,834 3,024 8.857 1.702 Tot41 ¢h•rltabl• ¢wndl¢ur• 18.494 41.967 eo.461 35,433 38.935 74.368 Total eAppmii￿l• 114 41.967 .461 35,583 3B.935 74,518 Not Incomol(x•ltsTo) Transtsrg botsa Jnds 10.477 23.311 33.788 1935) (18,279) 1192141 14 4612 15.6121 87.803 187,803) fvnd• 10 14 17.799 31788 88,a88 I1￿%.8￿2) (192141 Fun¢J balanr•$ at 29 Febn￿ry 148,038 30.490 178.6&1 81,370 1,377 197.747 Fund balane•8 at28 F•bru 164,027 44294 211321 148,038 ),49fj 118,633 Thg Stat•mnt ol fiMnel 8elvMes Inthd¢s •U 94iM •rMI b)sses rncognlBed kn th• y•ar. Al kwx¢rN and wxp•Trdlu d•rfvo from conunulng adMU•s. The notss on pag•S 7 to 19 fofft trt tsfth￿ fmangal ￿t￿l•￿t

THE WEARDALE MUSEUM STATEMENTOF FINANCIAL POSITION ASAT28 FEBRUARY2025 2024 Flxed aBsEIs Tangible assets I￿8.￿¢ Curmnt 4$8ets 16 17 1,nOO Debtor$ 41,572 10.S37 44.485 11,637 Crottfjtory. 4moEwts 1411tne d¥•wllhln Oh• year 18 1840> 11,880) N4t 9.8fj7 Total gurr•nl IIAbllttlg• 212,3 178,VdJ 'Re$tri¢ted fiJnd$ ds- De$ignat&d fund5, Gon¢ro1 tsnr¢$lrtett fvttd• 48,294 640 1VJ.387 147,398 164,tr27 148,038 2?2.821 178,5YJ T.he Ikon¢kl sl#tmonts trpprtyv￿ b11￿ Tr￿te￿ on...j2.1.ItI￿- Mrs Phlllippa R¢)w8 CttilYMon

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY2025 Attotsuntlng poifol•J Charfty Infomw Thg We¢rd8kn Mugwn 1$ o CIO goNwnèd by a datad Aigubt 20f& Th• r8gEBtsr•d offlce Is H¥h Houu c￿￿. 1r￿￿PeO￿F￿. BMhopAi¢kknTrJ. County DL13 1HD. 1.1 Accounknq wnventlon T￿ flnandal Statomonts hw¢ bs¢n Pr•￿re they moy bfr The PLIPN•8 and us•9 of the rn8lri¢•d fiMd• ar• set the r￿eSt0 the fi￿nth1 •t•mont& IA Inu¢vno In¢om 1$ rocogn¢d whon th• ¢harfty 10g41ty lo tt aft•r ary p8rforwonc¥ ¢￿d￿DA$ hav• been rMI the ￿0￿ntS b• masw•d rgliaw. fjs probBbfg that Inwrrn r4cdvod. C•gh don4tkn6 ￿ Tow￿¥•d on r•¢•lpt Olherdorth •r• rown￿ed lh• ¢h•ity h•• b￿n rthd of 1he dorolcn, unloB8 parforman¢a ¢ondltlon$ req￿r0 tshrr•l of thg •m￿nt In¢om• tsx romrabkn In r•latbn lo doft8Yons r8c•Nod under GIftAld orde•ds ofi)vonant th8 tlm• ofthtr don4t)n. LegaGS8s ore rocogrAsad on mcoipt or rtherty ha$ bèen of 8n wnpendkno distthti¢xL tho amcljnt Is known, and r¢eeJpt 16 wethd. W the ampunt Is not khNn, tho loga￿ [6 treated 08

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR ThfE YEAR ENDED 28 FEBRUARYX126 AaoownllO pollcl•8 IC•ntlnued) Expondnvr• b r8cognlsèd t)n¢e a 1ry81 CY c)nstruth• abl￿ to transfer occMn&o b¢nelt to thlrd party. It Is PrO￿b￿ that o tran8f•r of 8eonotrk btrmffts vélll bo r•qulr•d In sattl•mrt, and tho arnount ol th• oblgdon oan b• m006wad r•lAbty. Exp￿￿￿[¢ ts c4asslfied by 8¢My. The costs of ••th arg made ￿ of the total of dlreG costs and shar¢J eosts. Induding support Invclvad In UTr1•rta￿fig wch Dtract cogls attributybla to a slngS8 activlty ar• 8NoGBtsd dlroetly to that •LMty. 8harod c05t$ ¢ontrfbut• S) mora thon tsne aeth and wpport eo8ts whlc ar8 n¢t attrbulatlo to a slTrJl8 app)rforS b8tsve8n th080 aotlvttlos on 8 ba$1$ (YJns1gtsnt with th¢ u6¢ tsf re80ww, fAntr81 atsff o)sts ahxatsd on th• ba8lJ of $p•nt, Ind depred•lK)ft chor9￿ are aThocaW on th• p4)rtlon olth• um. IA Twlbh •xed a$8et• Tangible f#•d assets wè knrtially at etsl •nd sub8equenty rrmwod at or Y￿ath￿, net of d￿ra¢A￿n and any IFrWnrt lost Depr•d￿0￿11 r•eounls•d sa 05 to wtt• off tho LBt (v1•￿Ilon of ￿19$1 tha re•ld￿l v41uo8 owrtha ut¢fvl on Iha f¢lknvliN bAx' Fro•hold hnd l￿d bul T4p•th$ Not d•pr•c4ded Fr•oholJ prop•rtl•s •nd tsp¢8tr100 pro ntst •• th•tr T•￿￿U81 valJo# • not fy)n8ldernd to bo I•sB th￿ oosL Th• galn cr k>M on th• ol•n •wt IB deterr(￿ as ts dIll￿ne8 t4tsvagn the Sale pToco•d8 orKI th0 wTri9 Wu• Of the als•( av#J IB rncognls•d kn th• slrknrn Dfthfir•c4al q(IMtIts. 1.7 Impmwtolffxed a8•BtsF At oaeh r•pwUng •nd ¢knt•. the th8rly miews the ￿rryknO 8nunts of ts tangbl• •ssgts lo detèrrthe whether thwe h any 1ndkati(￿ ttrAt a680ts havo $ufforod an iryalrni•nt h86. It any Buch Sndica¥on the •rwnt of tho atse¢ kn esth￿ th• ol Ih? knpalrment 106$ IM onyl. Sto¢ks Stoth iro statod atttm I0￿r0[¢01t and ￿nt¢d sdllng th. N•t mV4abl• Y￿u¢ h the ••tlrrAtsd fe81 81 0thot•d costs of coftwekn arxl be ncurred in rnarkellThJ. s•lllr¥J and dW)utio 1.9 Cth ond c••h wulval¢nts Cash •nd eash ￿U1Valeftts indude cash in hend, deposks held at cam ¥¥Nh bank8, other 5hort48m Ilwd Inve81n￿t9 wlth L¥lgln81 ofthr•è Tr￿ or18s¥. eTrJ bank mrthafts. Bank MTdraft8 ar shown wllhln bontyAngi In oJTr•nt rAti￿li￿. 1.10 Flnaothl In8trth The Charity hai dected to apply tho ol SeclGon 11 '8as FinBnci&l InthTh•rts' and Sacllon 12 'Other Fimndal Instrunwntg18$ue¢ of FRS 102 to all of It¥ Instrwnènts. Fln&nrio1 b)trwnénts are kn thè ¢haW¥ balorKo th¢ ch•rfty becomol P&rty to th& eontr8¢ty41 provtston8 ofthe trMtrwn•nt

THE WEARDALE MUSEUM NOTE8 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 AocountlNo polo]•• {Cohtlnu•dl 80910 flnandal aBs vthk Indudo debtors al￿ ￿$h ahd bank bg1?nog#, In￿llY maAsurad ot trani•etlon prico indudThig Ir8n$8cthn cost• and are 6ubs8quenty ¢athod 01 •mortio¢d uiln9 th• effo¢￿ Int•rest method Ihe 8trang¢mnt ¢￿811t￿S a fmn¢lng trnmathon. tran￿¢tion 1$ rad At thè preS￿t value of the dlscountsd at a mlrket r¥to of Intore Flnan¢ial a850ts B•sk th8nd￿lIAb￿4 credlorn and bark108n¥ arn InKlalty r•¢owlwd at trnnsaclon prfo• unbsl th¢ qrr4niemerrt consltutès a finan￿n9 transadLY4 W￿re the d?bt In¥trum8nt is mo8Burod 81 tho pr•4ont val￿• ol th• lJtur• paymerts dI￿￿trt•d at • r41• of tsr••t FlnarKkil Ilablk￿0• as p•yabl• wtthln one year ar• n¢1 Trad9 ￿￿1t¢15 ar• obOgthFM to pay for or thut hw• been a¢quhd kn tho ordln•ry cowso of opordon$ from ¥upplSw8. knjunts poy•ble aro d•ulW as currért lthb1lrt￿ rf payment Is withln on• year or le$s. 11 nol pre￿ntsd a$ Il•blMies. Tradt4 u•dttors arg rown1$0d InMalFy at transaclon prt¢o and SUb¥•qu￿ ai eort ￿1r4 trto •ffo¢tr4• Intérost melhod. In the •pplWcffj ofthe aw¢￿71￿9 pob Ihe InA••s ar• r•qutr•d to mihlud9mwnts, •sUmths oTra a$SumO￿n£ abts￿ th8 ¢arrykng ￿ount of asmts and 11a￿1￿06 that am not apFqrsnl frtsm oth . Tho @￿￿￿te$ $nd assoclatad sumWcms are baged on hlsknical OXFerknco and other factor8 that aro eoMld8r•d to b• Artual thT•rtrom th¢$• The ulrrotas ond Underfv￿ are on an orKJohg ba¥lJ. R￿810￿6 to aacountkng StImat￿ are tecoBnh•d In ts p•rfod In tho vkngre tho rgvknlon afhcas orly thqt pefv)d, or In the perfod of the revJ•lon ènd perfods W￿r• th• r•vtsloft affèets bth cwrant and ftthr• per(ods. fvrKI8 21 nds DonatLons and Log¥L•s rnoeknble Grants 11.414 501 18,7J5 14,916 t)onth• and 911 DonatK)ns GIftAd other 11,gJ6 2,138 1191 r,42S 3,989 16,236 11,414

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONIINUED) FOR THE YEAR EIIDED 28 FEBRUARY2025 IContlnu•dl UnY••trlctsd Ilnrn•trl¢tsd fund• fund• al￿ts ro￿5¥4bh foroor•a¢dvMle• Davenport Tntst 601 501 Chorftsb Comton Grqnts Sq764 8.514 8.656 1.$Tr) iie4)0 20,866 fund¥ 2024 Adml88knn8 Family history dona FuT￿rnI81n9 •v•nts Z782 233 1.679 816 1.047 3.485 1.219 1,993 1,837 Sundry IrKomo Actmlkn for OM•fBting fvnd8 9,655 Oth•Y Incomo Tur￿8 luNd$ Lmed Pla￿$ Dfwornhip 6¢hen 8,180 10,078 -10-

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY2025 ExpendAurnon rqhkng fvnd• fvnd• fund• Fvndrnl•lw publ cost 150 Charltl• o¢11¥11•• MuB•Um 2025 Communly Eng8ggrn•rt Tachnk&l Consultan Prole Manag•menl AcqulBIUons Restorati￿ & Dly 671 1318 2,318 17,43C 112 41,OSS 20,595 40.901 43,448 47.e40 8har¢ of Support CLxts {w note 91 15,319 721 221 149 221 18.131 25.976 8harn of govoman¢ C0615 Isoe nokn g) 12 12 12 750 57.118 80,461 74,388 Analys1• by fvnd UTrre$trlct•d frJnd$- gÉn•ro1 Re8trtttsd funds 17.513 18,494 ,433 41.967 S7,118 ,461 74.86e It

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIIDED 28 FEBRUARYaf25 8upportooBt• 8.152 3.152 4,363 401 109 T•f•phon• & )tsm•t Rots11 Prfntlng, poi & 9tsIon8ry 401 551 10,5TI 551 10,577 1rngurarK• Suftdry èypenooF 8￿Part colts h••th￿ & 16.243 Z801 18243 2.801 Ind0p￿d0nt•XOmInthrt 18,181 17.013 25.978 26,878 Anefysed Fundrolng Chathblo •flMY•8 150 780 1S0 26.726 16,131 17,013 25.978 16.131 17.013 24978 20,878 10 N•t mty4•mtt In fvd• Th• n•t 1¥ stated aft•rearghigffuédIl￿I Feos Pgy4bl• forth• Ind•P￿dertaxaTrwkn olthe knrthl 8t&tèm8nts 882 11 Tr￿• Non8 of th• ¢n¢•os ILV any F•rnorA ￿￿1) •ny raw￿r￿raI￿Tr ry b•n•fits from th ¢horty du)Ing the yw. 12 Enyby•OB Th• •wr8g• monthly numbw¢Yoftwltyw ￿rkno tho ye8rw Numbgr Numb8r 12-

THE WEARDALE MUSEUM NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR EIIDED 28 FEBRUARY2025 13 Tax4tlon Th• ¢haW kn I￿l￿froM lyAlknn on lo acltrth b•caug• 8118 for th•rloble purpcw 14 TM•ferB Tho fvnd tronsf¢rn mow to trvtsf•rs from firthls t uNe51rfd•J furbds h•¥ b••n rnIq8B8d durfnu the yoar. The Iran8f8rn hm b•8n made In order that the restrfcted fijnds shown In thg balanr sh08t at th• y88r end th• totsl awthnt of tundng renwlnlw ￿kn1¢h has b￿n T￿trIC￿d In It5 puwe. Further dltrlh ofth• tr•n8kn ￿ bo I￿nd kn n￿0 19. 115 TAnglbl• fixod a•eet8 Frld ￿lId11 At 29 F•bNary 2tr24 184428 3,￿0 188,876 At26 F8bruary 2025 1￿.426 3,250 168,676 Carylng •mount At 28 Fobnry 2tr25 165.428 1250 188.878 At28 Fobnmry 2024 185,428 9,250 188,67e Ori 21 Jun• 2tr21 the Pro￿ hvjh hous• ¢••l wao at £250.IXII by Vkk•rs & B•rrns Chartgr•d 11 3took• 2024 M￿aum ITwentw for rgMI• 1,fXIO 17 D•b)rn Arnountg f4ifiw duewllNn one yw. Prepayrn¢rrt8 ond accruod iieow 1,913 13-

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY21f25 2024 840 840 1,880 14-

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pi I fi1511111

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIIDED 28 FE8RUARY2025 20 Unrn•trf¢W fund• Tho unr•atrtct8d frJAds of th• elmrty compr1￿ th• un•xp•nded ￿kne￿& ofdonallon$ 8nd grgnts V+ttleh a not subledto spocth condions ty lor￿r$ aTrJ gr•nloTS 81 ty) howth8y b• used. Th¥Ge kndudo d061gnatsd ftmdsvthkh h￿ boon 8¢tasld• out oluftrBgtrk￿ •Jnds tytr t￿￿8$ br Bpeth purpo808. At28 February 1025 Qulhd It•rrt R•8b)rntlon TapMldg$ DaBn EMbp• CroMIMnd Qgllgroj fund# 270 270 70 147.398 70 183,387 24971 1144941 15.612 141038 28,971 118.4941 5,512 184,fd7 Pr•vlou• Y￿1. At21 FebNry 2024 Qulltod Re6tar4llon Topegtrks De61gn ErNolope Crty 510 270 300 70 70 19) 87,612 Ggnernl fvnd• 81,1 {35,343) 147.398 81,370 135,583) 87.803 148,038 21 Anatyg10 gln•t a•••ts fvnd• Jr￿& fvnd• 2020 Fund are by. Tingiblè assets Cutrent a88•WllSabiH11961 180.374 13,853 18,302 29,992 188,878 43,646 1e4,027 48,294 212,321 Lknr¢strictèd Restrfcted fvnd fvndi 2024 2024 2024 Fund balan￿ r•pr06•nt•d by. Tanglble assets Currant assatsl(Ilabltlas) 150.374 12.3361 18,302 12.193 1e8,676 9,8S7 148,038 30,4>5 178,533 18-

THE WEARDALE MUSEUM NOTES TO THE FINANCIAL STATEMENTS ICOPrnNUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Th•ro ng d$c1th￿blO rolol•d poitytrfmadlons dur*ig Iho y•ar12Q24- non•l. -19-