OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2026-02-28-accounts

THE SIDMOUTH TOY AND MODEL MUSEUM

Trustees Report and Financial Statements

For the Year Ended 28 February 2026

Charity Registration Number: 1187808

THE SIDMOUTH TOY AND MODEL MUSEUM

FOR THE YEAR ENDED 28 FEBRUARY 2026

TABLE OF CONTENTS Page Number
Regulatory Information 1
Trustees Report 2-7
Accountant’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11-19

THE SIDMOUTH TOY AND MODEL MUSEUM

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Charity Number Charity Number 1187808
Registered office and operational The Old Chapel
address Chapel Street
Sidmouth
EX10 8ND
Trustees Ian Gregory
Rebecca Gregory
Tony Pennison
James Gregory (Appointed 1 January 2026)
Accountants Price Bailey LLP
Causeway House
1 Dane Street
Bishop’s Stortford
Hertfordshire
CM23 3BT

1

THE SIDMOUTH TOY AND MODEL MUSEUM

TRUSTEES REPORT

FOR THE YEAR ENDED 28 FEBRUARY 2026

The Board of Trustees present their report and accounts for the year ended 28 February 2026.

Accounts

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, applicable law and the requirements of the Statement of Recommended Practice “SORP 2019 (FRS102)”, and the Charities Act 2011.

Structure

The Sidmouth Toy and Model Museum (The "Charity") was registered as a Charitable Incorporated Organisation (CIO) on the 7 February 2020 and is governed by its constitution.

Board of Trustees

The Board of Trustees which served during the period, and up to the date of signing the trustees' report, consists of the following individuals:

Ian Gregory Rebecca Gregory Tony Pennison James Gregory (Appointed 1 January 2026)

Registered Details

Registered address: The Old Chapel, Chapel Street, Sidmouth, EX10 8ND Registered charity number: 1187808 Bankers: CAF Bank Accountants: Price Bailey LLP, Causeway House, 1 Dane Street, Bishop’s Stortford, Hertfordshire, CM23 3BT

Website

The Trustees for The Sidmouth Toy and Model Museum are happy to present the following website: https://sidmouthtoymuseum.com/

Objects

The object of the charity is to advance the education of the general public in Sidmouth by the provision of a toy and model museum.

2

THE SIDMOUTH TOY AND MODEL MUSEUM

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

Mission

The main objective of the charity is to provide information to educate visitors to the museum about historical toys and models. The charity also provides the opportunity for members of the public to donate or loan toys and models of historical interest to the museum for display.

Review of Activities

The museum was open for 111 days (111 days in 2024-25) and the average attendance per day was 41 (39.5 in 2024-25). The museum did not open during December as originally planned.

We continue to engage with local schools and undertook one visit to a school, and five school visits were made to the museum.

Talks were also given to the following organisations throughout the year:

We continue to receive donations and old toys and models, although given capacity issues we do not take all items offered to us.

We continue to extensively rely on our volunteers who do a great job in supporting the museum throughout the year. We have increased our active volunteer pool to 17.

In September 2025 the museum sponsored the Sidmouth Chamber of Commerce Classic Car Show and in return was given a pitch to market the museum. This was a successful event as the museum was also open on the same day, allowing members of the public to attend both events.

The car park income remains stable and there continues to be a long waiting list for spaces. In addition, the cottage attached to the museum was rented out in the summer providing an income of £1,020.

3

THE SIDMOUTH TOY AND MODEL MUSEUM

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

Plans for 2026-27

The budget for 2026-27 is similar to that of the previous year. We continue to monitor overheads closely but do expect some significant expenditure on maintaining the building. We plan to open for 113 days during the year and will be closed from 30 October 2026 to 21 March 2027.

The trustees decided not to increase the admission fee this year and expect rising costs to be met by increased visitor numbers.

We plan to rent out the cottage again throughout the year and have set a budget of £800.

We are pleased that James Gregory BA MA has joined the trustees. James has worked in the charity sector for over four years and brings a current knowledge of the sector to the trust. This meets our succession plans for the immediate future, but we continue to look for local trustees to join us.

Financial review

The Charity received donations, grants and other income worth £23,728 (£21,645 in 2025) in the year. As at 28 February 2026, the Charity carried forward a positive bank balance of £47,843 (£38,610 in 2025).

In accordance with SORP 2019, costs have been allocated between direct charitable activities and support costs. In summary, direct charitable activities totalled £633 (£93 in 2025) and support costs totalled £13,988 (£13,308 in 2025).

4

THE SIDMOUTH TOY AND MODEL MUSEUM

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

Public Benefit

As a charity, The Sidmouth Toy and Model Museum must be able to demonstrate that its objects and activities are for the public benefit as required by the Charities Act 2011. The Trustees have all reviewed the guidance issued by the Charity Commission on public benefit and have ensured that the Sidmouth Toy and Model Museum’s objects and activities comply with this statutory requirement. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

This report explains our main activities and achievements in carrying out our aims.

Governance and internal control

The systems of internal control are designed to provide reasonable assurance against material misstatement or loss. They include:

Day-to-day decisions continue to be taken by two trustees. All items of expenditure required the approval of two trustees before payment is made. The bank account is reconciled monthly, and management accounts are reviewed by the trustees on a regular basis.

5

THE SIDMOUTH TOY AND MODEL MUSEUM

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

Risk management

The Board of Trustees are fully aware of the need to assess the risks faced by the charity and to minimise those risks. These are events/outcomes that may have a severe impact on operational performance, achievement of aims and objectives or reputation. During the fiscal year the Trustees have discussed such Risks and continue to maintain and update the Risk Register.

The main risk facing the charity continue to be physical damage to a member of the public when visiting the museum. This risk continues to be mitigated by securing all exhibits appropriately, providing signage about uneven floor, yellow and black tape at the edge of steps and monitoring of visitor activity by volunteers. The trustees undertake informal ad hoc reviews to confirm that the mitigating controls remain in place. The trustees also have a Public Liability Insurance of £5 million.

The trustees have reviewed and confirmed that appropriate controls exist against possible financial loss.

Reserves policy

Trustees are committed to generating sufficient reserves to support current charitable activities to meet the following requirements:

Free Reserves (Unrestricted funds less fixed assets) amounted to £46,642 at the year-end (£37,535 in 2025). The charity’s Reserves Target continues to be set at £5,000.

Going Concern

The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. In particular, the trustees have considered the charities forecasts and projections and have taken account of pressures on income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

6

THE SIDMOUTH TOY AND IAOtsEL MUSEUM TRUSTEES REPCfftT (CONTIWED) FOR ThE YEAR ENDED 28 FEBRUARY 2026 The Trustees tre respon8sble for yeyirwj the T￿￿t¢s. Rewt <WKI the fiThthcial statements in accordwKe with applicable l¢]w ¢yr¥J United Kiwdom Standorts (Unsted Kirydom Generally Accepted Accountiw Procticel The law applicable to charities in En￿1 & Walts rewires the trustees to prepare fina￿la1 statemenfs for each finaKial yedr which gi￿ a true fa¢r view of the state of trffairs of the U￿WIty and of the incoming resources and applicatron of resowces of the thrity fw that period. In preFWiry these "fiFkMciol statert￿nts. the trLLttets (we required to: Select suitable IKcountiThJ policies and then qyly them consistentty: Observe the methods Fyinciples in the Charities SORP FR5102 (20191. Make J[￿ne￿*S and estimotes reasornble and prndent: The trustees ore responslble for keepiThJ proper acctxmtiry records thot disclose with reosonable accuracy at ary time the fimncial Wition of the Chority and er#ible them to erwtre tlkit the f lThY￿la1 statements compfy with the Cknrities Act 2011. the awity (Account$ Rewrts) Re9ulation$ 2Q)8 and the provisions of the constitutiorL They ore also responsible for safeguardiThJ the assets of the Charity and hence for re4ts0FbJble steps for the wevention and det￿tiOn of fraud ar#J other Irre9ularities. The tr￿tte$ are responsible for mailrter￿ce and integrity of the charity f in0￿la1 informotion included on the websit& Legislation in the Urmted Kirgdom 9overnirg the pre￿￿10￿ {￿d diseemination of fiFbJKidl statements may differ from legislation in other J￿i$d[CtiO ApFYoved ty the tntstees on ¥ M 2olL ONI si9r£d on their behalf Dated: I i 202

THE SIDMOUTH TOY AND MODEL MUSEUM

CHARTERED ACCOUNTANTS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 28 FEBRUARY 2026

In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The Sidmouth Toy and Model Museum for the year ended 28 February 2026 which comprise the Statement of Financial Activites, Balance Sheet and the related notes from the Charities accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.

This report is made solely to the Board of Trustees of The Sidmouth Toy and Model Museum, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Sidmouth Toy and Model Museum and state those matters that we have agreed to state to them in this report in accordance with the Statement of Recommended Practice applicable to charities. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Sidmouth Toy and Model Museum and its Board of Trustees, as a body, for our work or for this report.

It is your duty to ensure that The Sidmouth Toy and Model Museum has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Charities assets, liabilities, financial position and profit. You consider that The Sidmouth Toy and Model Museum is exempt from an audit under section 144(2) of the Charities Act 2011 for the year.

We have not been instructed to carry out an independent examination or audit of the financial statements of The Sidmouth Toy and Model Museum. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Name of firm: Relevant professional qualification or body:

Address: Date: 13 May 2026

Price Bailey LLP FCCA ACA Causeway House 1 Dane Street Bishop’s Stortford Hertfordshire CM23 3BT

8

THE SIDMOUTH TOY AND MODEL MUSEUM

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 28 FEBRUARY 2026

Notes
INCOME
2
Other trading income
Charitable activities
Donations
Investment income
Interest
Total income
EXPENDITURE
Charitable activities
3
Total expenditure
Revaluation
Net income
Net movement in funds
RECONCILIATION
OF
FUNDS
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
Funds
£
6,547
15,230
846
1,020
85
23,728
(14,621)
(14,621)
240,000
249,107
249,107
597,535
249,107
846,642		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2026
£
6,547
15,230
846
1,020
85
23,728
(14,621)
(14,621)
240,000
249,107
249,107
597,535
249,107
846,642		 Total
2025
£
6,665
12,944
1,128
840
68
21,645
(13,401)
(13,401)
-
8,244
8,244
589,291
8,244
597,535

The accompanying notes on pages 11 to 19 form an integral part of these financial statements. The statement of financial activities includes all gains and losses recognised in the year.

9

ThÈ SIDMOUTH TOY AND MODEL MUSEUM BALAN￿ SHEEr AS AT 28 FEBRUARY 2026 2025 TaNJibl¢ a￿¢t$ Investment Prnptrty 575.1J)O 225.(h)O 160.0 560,(X)O Debtors Cash at bank ond in hand 1.629 47.843 49.472 1,515 38.610 40.125 ¢EtsrroRS: Amounts falling d within one year 30 46,642 37.535 NEf ASSETS 846,642 597535 Lhwestricted fuThts: General Restricted fw 846,642 597535 846.642 597.535 These accounts were awo¥ed by the 8oard of Tnjstre￿ and <ttrthorised for issu¢ on 2o2L and Signed on th¢ir behalf bf. Ion Gregory I I hoaj ID2b The accomparryirKJ Mtes on pa9es 11 to 19 fom an inte9rd port of these fir*yKiol stotements. io

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006, the Charities Act 2011, and the Statement of Recommended Practice – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accountings in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effect from 1 April 2005 which has since been withdrawn.

The charity has taken advantage of the exemption in Charities SORP FRS102 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

The charity meets the definition of a public benefit entity as defined by FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern

The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of these financial statements. In particular, the trustees have considered the charity’s forecasts and projections and have taken account of pressures on income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

The charity starts the year with a healthy bank balance and has prepared a budget for the forthcoming year which clearly shows that income is forecast to exceed expenses. It is thought that the charity is well placed to achieve another successful year.

11

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

c) Critical accounting judgements and estimates

No significant judgements, accounting policies or assumptions have been made by management in applying the Charity’s accounting policies.

d) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

e) Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

f) Creditors and provisions

Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

g) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Designated funds are available for use at the discretion of the Trustees in furtherance of the general objective of the charitable company.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes.

h) Tangible fixed assets

Tangible fixed assets are valued on the Balance Sheet date using the Trustees’ best estimate of the fair value at the Balance Sheet date. No depreciation is provided due to immateriality. Changes in fair value are recognised in the Statement of Financial Activities.

There was a change of accounting policy to the Revaluation model during the year ended 29 February 2024. This will provide a more reliable and appropriate valuation of the freehold property, with regular valuations completed.

The impact of the above in the accounts for the year ended 28 February 2026 was that the Freehold Property was uplifted to its current valuation of £575,000 in line with the Trustees’ best estimate of the current fair value. Please see Note 4 for further details.

12

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

i) Investment Property

Investment property consists of the cottage and is valued on the Balance Sheet date using the Trustees’ best estimate of the fair value at the Balance Sheet date. No depreciation is provided. Changes in fair value are recognised in the Statement of Financial Activities.

j) Income

Income is accounted for as unrestricted unless restrictions exist under the terms on which they are received or solicited. Voluntary income, Cottage rental income and donations are accounted for on an accruals basis. Car park income is accounted for on a receivables basis. income in the Statement of Financial Activities is shown gross of the associated costs and is accounted for where there is entitlement to the income, it is probable that the benefits associated with it will flow to the charity and it can be reliably measured.

Donations, including donations from individuals, corporate donations, and donations from trusts and foundations are recognised when the charity is entitled to the income, subject to any conditions attached to the donation.

There were no unfulfilled conditions or contingencies in respect of any of the above donations.

k) Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources.

l) Heritage Assets

The Museum consist of a collection of vintage toys and models. The items from the collection are on display to the public in the museum. The charity manages these assets by way of an internal register and regularly reviews them to ensure they are adequately safeguarded and preserved.

The items are managed and inspected regularly by staff. New acquisitions take place only if the Trustees deem the item of significant value to the collection.

Heritage assets are not included on the Balance Sheet as information on their cost or valuation is not readily available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the charity.

m) Financial Instruments

The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded at depreciated historical cost. All other assets and liabilities are recorded at cost which is their fair value.

13

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

___________

2. INCOME

Other trading income
Postcards
Books
Sale of second-hand items
Car park charges
Charitable activities
Museum admission fees
Annual memberships
School visits
Group visits
Investment income
Cottage rental income
Donations
Other donations
Gift aid tax reclaimed
Interest
Interest
Total		 Unrestricted
funds
£
35
23
349
6,140
6,547
14,655
15
330
230
15,230
1,020
606
240
846
85
85
23,728		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2026
£
35
23
349
6,140
6,547
14,655
15
330
230
15,230
1,020

606
240
846
85
85
23,728		 Total
2025
£
37
31
487
6,110
6,665
12,457
29
418
40
12,944
840
840
1,128
-
1,128
68
68
21,645

All income received during the year and the prior year was unrestricted.

14

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

___________

3. EXPENDITURE

PENDITURE
Charitable activities
Direct charitable activities
Support costs
Total		 Unrestricted
funds
£
633
13,988
14,621		 Restricted
funds
£
-
-
-		 Total
2026
£
633
13,988
14,621		 Total
2025
£
93
13,308
13,401

Included in the above expenditure are direct charitable activities as follows:

Display materials
Volunteer payments
Total		 Unrestricted
funds
£
367
266
633		 Restricted
funds
£
-
-
-		 Total
2026
£
367
266
633		 Total
2025
£
75
18
93

Included in the above expenditure are support costs as follows:

Advertising costs
Associations
Bank charges
Communication costs
Cottage costs
Electricity
Fire precautions
Gas
Accounting costs (see below)
Insurance
Miscellaneous expenses
Licences
Payment services
Repairs and renewals
Security costs
Website costs
Sponsorship		 Unrestricted
funds
£
1,026
95
60
384
2,976
751
445
1,065
3,111
2,456
202
217
192
320
139
424
125
13,988		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2026
£
1,026
95
60
384
2,976
751
445
1,065
3,111
2,456
202
217
192
320
139
424
125
13,988		 Total
2025
£
1,502
85
60
402
188
869
52
836
3,582
2,359
494
622
153
1,570
132
302
100
13,308

All expenditure incurred during the year and the prior year was unrestricted.

15

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

3. EXPENDITURE (CONTINUED)

Governance costs include the following:

Accountancy fees
Total
TANGIBLE FIXED ASSETS
Freehold Property
Cost
At 1 March 2025
At 28 February 2026
Revaluation
Revaluation in the year
Net book value
At 28 February 2026
At 28 February 2025		 Unrestricted
funds
£
3,111
3,111

 Unrestricted
funds
£
3,111
3,111

 Restricted
funds
£
-
-
2026
£
400,000		 Total
2026
£
3,111
3,111		 Total
2026
£
3,111
3,111		 Total
2025
£
3,582
3,582
2025
£
400,000
400,000
175,000		 400,000
-
575,000 400,000
400,000 400,000

4. TANGIBLE FIXED ASSETS

The 2026 valuations were made by the Trustees using their best estimate of the fair value at the Balance Sheet date. The Trustees confirmed that no depreciation needs to be provided.

The last professional valuation was carried out on 5 November 2025.

16

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

___________

5. INVESTMENT PROPERTY

Valuation
At 1 March 2025
Revaluation in year
At 28 February 2026		 Investment Property
£
160,000
65,000
225,000

The 2026 valuations were made by the Trustees using their best estimate of the fair value at the Balance Sheet date. The Trustees confirmed that no depreciation needs to be provided.

The last professional valuation was carried out on 5 November 2025.

6. DEBTORS

Prepayments
Total debtors
CREDITORS
Accruals
Deposits
Total creditors		 2026
£
1,629
1,629
2026
£
2,580
250
2,830		 2025
£
1,515
1,515
2025
£
2,340
250
2,590

7. CREDITORS

8. RELATED PARTIES

Included in income from donations are donations of £584 (2025: £919) from Ian Gregory, a Trustee of the Charity.

Expenses totalling £NIL (2025: £NIL) were reimbursed to Ian Gregory for travel & subsistence on behalf of the charity.

There are no other related party transactions.

17

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

___________

9a. RESERVES

Unrestricted funds
Restricted funds
Total funds		 As at 1
March
2025
£
597,535
-
597,535		 Income
£
23,728
-
23,728		 Expenditure
£
(14,621)
-
(14,621)		 Revaluation
£
240,000
-
240,000		 As at
28 Feb
2026
£
846,642
-
846,642

9b. RESERVES COMPARATIVE

Unrestricted funds
Restricted funds
Total funds		 As at 1
March
2024
£
589,291
-
589,291		 Income
£
21,645
-
21,645		 Expenditure
£
(13,401)
-
(13,401)		 Revaluation
£
-
-
-		 As at
28 Feb
2025
£
597,535
-
597,535

18

THE SIDMOUTH TOY AND MODEL MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2026

___________

10a. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Non-current assets
Current assets
Current liabilities
Total funds		 Unrestricted
funds
£
800,000
49,472
(2,830)
846,642		 Restricted
funds
£
-
-
-
-		 Total
2026
£
800,000
49,472
(2,830)
846,642		 Total 2025
£
560,000
40,125
(2,590)
597,535

10b. ANALYSIS OF NET ASSETS BETWEEN FUNDS COMPARATIVE

Non-current assets
Current assets
Current liabilities
Total funds		 Unrestricted
funds
£
560,000
40,125
(2,590)
597,535		 Restricted
funds
£
-
-
-
-		 Total 2025
£
560,000
40,125
(2,590)
597,535		 Total 2024
£
560,000
31,701
(2,410)
589,291

19