.WRirY
(OMM
Trustees, Annual Report for the period
i Period start date
Day
Month
April
Reference and administration details
Period end date
.Day
Month
' March
. Year
. Year
From
2022 ' To 31
2023
Section A
Charity name
Carisbrooke Castle Museum ICIO}
Other narnes charity is known by
Registered charity number (if any)
1188568
Charity's principal address
Castle Hill
NEWPORT
151e of Wight
Postcode
P030 IXY
Names of the charity trustees who manage the charity
Dates acted rf not for wholè
ear
Office lif any)
Name of person lor body) entitled
oint trustee
if an
Trustèe name
Gill Kennett MBE,
DL
Chairman
l& Co-opted
Trustee)
Vice Chair l& Co-
opted Trustee)
Nominated Trustee
n/a
Gillian Burnett
BEM
nla
Anne Longford DL
HM Lord Lieutenant forthe
Isle of Wight
Volunteers Representative
Diocese of Portsmouth
Carol Alstrom
Nominated Trustee
From Sep 22
Rev Steve SLStcliffe
Ex-officio Trustee
Cllrjonathan
Bacon
Helena Hewston
Ex-officio Trustee
Isle of Wight Council
Ex-officio Trustee
Until Jun 22
IWALC
Malcolm Lloyd
Rosemary Cooper
Peter Ednay
Gioia Minghella
Vacant
Co-opted Trustee
Co-opted Trustee
Co-opted Trustee
Co-opted Trustee
Ex-officio Trustee
Until Jun 22
n/a
n/a
n/a
n/a
Newport & Carisbrooke
Community Council
n/a
10
12
13
Peter Whiteman
Co-opted Trustee
Co-opted Trustee
14
Chris Broom
From Dec 22
Names of the trustees for the charity, if any, {for example, any custodian trustees)
Name
Dates acted if not for whole
ear
TAR
April 2009

Names and addresses of advisers (Optional information)
e of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional infomiation)
Virgil Philpott (Museum Manger I CEO)
Section B
Structure,
overnance and mana
ement
Description of the charity's trusts
Constitution
Type of governing document
lett ifd8L ￿￿e￿o. cop,< j!YbfiCIl
How the charity is constituted
g Irus-, assccialion, ￿0￿1 pap.!)
Charitable Incorporated Organisation
Trustee selection methods
|acTtsd bil
Four Ex-officio Trustees- two nominated Trustees lone by HM Lord
Lieutenant for the Isle of Wight, and another by the Friends of
Carisbrooke Castle Museum), plus up to seven Co-opted Trustees
appointed by the Trustees.
Additional governance issues (Optional infomiation)
The start of the financi31 year saw the legal 'winding up, of the original
M useum Trust Iset up in 19441 and its replacement with a new Charitable
Incorporated Organisation. This change had been planned since 2020 and
was undertaken upon the advice of Arts Council England Museum's
Accreditation Service. Effectively all the assets of the old Trust were
transferred to the new CIO with the same Charitable Objects- but with a
modernized constitution.
You may choose to include
additional information, where
relevant, about-
policies and procedures
adopted for the induction and
training of trustees-
the charity's organisational
structure and any wider
network with which the charity
works.,
relationship with any related
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
TAR
April 2009

Section C
Ob"ectives and activities
To promote the education of the public in the history of Carisbrooke
Castle and the Isle of Wight by the provision of a museum for the
maintenance and public exhibition of a collection of objects,
artefacts, specimens, books and documents and pictures and the
extension, enhancement, conservation and maintenance of the
collection.
Summary of the objects of the
charity set out in its
governing document
The main activities undertaken by the Trust in relation to the above
objects are=
Maintaining a museum relating to the history of the Isle of Wight
and to Carisbrooke Castle.
Collecting. documenting and preserving collections which support
the Museum's mission.
Using the co15ections in public exhibitions and in educational
activities, and making them available for study and research.
Provido access to collections and associated information by other
means including the internet and outreach attivities.
Undertaking fundraising artivities which support and sustain the
museum's operation.
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional information)
TAR
April 2009

You may choose to include
further statements, where
relevant, about..
policy on grantmaking.
policy programme related
investment.,
contribution made by
volunteers.
Section D
Achievements and performance
April 2009
TAR

Section D
Achievements and performance
CARISBROOKE CASTLE MUSEUtvl 2022-23
Summary of the main
achievements of the charity
during the year
The Museum'5 activities in 2022-23 were hampered by a funding crisis
and accompanying uncertainty surrounding security of tenure. Six weeks
before the start of the year English Heritage announced that they
planned to withdraw the Museum'sfunding- as a consequence of losses
that their organisation had suffered (nationally) due to Covid. Prior to
this announcement English Heritage had signalled that they were open
to deeper strategic partnership and were planning to continue the
existing fijnding agreement. The sudden change of heart meant that the
Museum spent much of 2022 operating in crisis mode- having to curtail
all non-essential spending and capital development plans in order to
prioritize its core opening and operations.
ACQUISITION5:
No significant acquisitions were made.
EXHIBITIONS-
As a result of the strategic uncertainty labovel the 2021-22 programme
of exhibitions was Ilargelyl left in place - although groundwork was done
for a new exhibition and publication in 2023-24 to celebrate the
Museum's 125th anniversary.
FUNDING:
As noted above, the Museum faced considerable financial pressure
during the year and was forced to draw on its unrestricted reserves in
order to fund its core operations between April and mid-september.
Because of the £40k 'settlernenV with the Isle of Wight Council the
previous year the Museum was, at one point, only 6 weeks away from
having to trigger it5 closedown protocols. Months of pushback / dialogue
with English Heritage eventually resulted in the signing of a new 3-year
agreement (Memorandum of Understanding) in October. While this
agreement relieved the immediate threat of closure, it still equated to a
32Yo Cut in fundin& in real terms, over the preceding 5 years and meant
that, without new income diversification. the Museum would struggle to
produce a balanced budget going forward. Issues relating to security of
tenure also remained unresolved following the Crown's sale of the Castle
estate to Heritage England in 2016 meaning that the Museum was
hampered in its attempts to obtain capital grants and long term funding.
As a footnote the Museum also continued to contest the IW Council's
£40k pension settlement, having uncovered evidence of irregular and
questionable practices, via a Freedom of Information request. A series of
regulatory challenges were made and at the end of the year the Trustees
were still contemplating legal action.
STAFF:
Due to the financial crisis the Museum operated a skeleton staff
throughout the year (with only I member of staff onsite for 80% of the
timel.
TAR
April 2009

Section D
Achievements and performance
VOLUNTEERS..
The energy and commitment of the Museum volunteers Iparticularly in
Front of House rolesl was the major positive to take from, what was
otherwise, a highly testing year. The new, post Covid, cohort continued
to bring a great deal of skill, personality and positivity to the
organisation. A new fundraising group was set up from amongst the
Volunteers during the course of the year which committed to helping the
Museum in light of the decline in support from the Friends Isee below}.
FUTURE DEVELOPMENT:
The organisation's plans for the restoration of Beatrice's Kitchen land
concordant creation of a new space with opportunities for income
generation) had to be suspended because of the funding crisis. Going
into 2023-24 the Museum still hoped to progress these works, subject to
satisfactory agreement with English Heritage.
USERS:
There were 105,993 visitors to the Museum during the period 1st April
2022- 31 March 2023. This represented a 9% increase on 2021-22,
however, visitor number5 were still approximately 9% lower than pre
pandemic levels. All visitors to the Castle continued to have free access
to the Museum's exhibitions during site opening hour5.
The Museum's education proEramme5 and outreach (care home)
projects continued to be suspended largely a5 a consequence the
reduction in Museum resources.
FRIENDS:
The Museum's Friends group presented a full programme of talks but
Struggled to find new Trustees willing to serve as Officers of the Charity.
Following the AGM in February only a Treasurer remained in place, as a
consequence of which preliminary discussions were begun about
winding up the Friends as a separate Charitable Entity and transferring
the talk5 programme I fundraisin8 activities to the Museum.
TAR
April 2009

Section E
Financial review
As noted, above the CIO had to draw on its unrestricted reserves to fund
core operations during the period April - mid September. At one point
the CIO was six weeks away from having to trigger its shutdown
protocols.
Heading into 2023-24, this, coupled with inflationary
pressures, left the Trustees highly conscious of the need to maintain
significant operating reserves over ond above the closedown contingency
because, had such reserves not been available in 2022-23, it is highly
likely that the Museum would have shut.
Traditionally the Trustees have maintained a closedown contingency of
circa £50k (designed to manage the closedown of the organisation and
the disposal of its 125 year-old collection in line with national
Accreditation recommendationsl. The Trustees are likely to increase this
closedown reserve to reflect both inflationary pressures and lessons
learnt from the experience of 2022-23.
Brief statement of the
charity's policy on reserves
Details of any funds materially
in deficit
Further financial revlew details (Optional information}
You may choose to include
additional information, where
relevant about-.
the charity's principal
sources of funds (including
any fundraisingl.,
how expenditure has
supported the key objectives
of the charity.,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Signature(s)
Full name{sl
Gill Kennett
Position {eg Secretary. Chair,
etc)
Chairman12022-231
Vice Chair12022-231
Date
12th June 2023
TAR
April 2009

CGrisbrook¢
-?s*le Museum
310002
[HAR￿y
(OMM
Receipts and payments accounts
CC16a
For the period
from
Periott slafL dale
Period end dale
31.03.23
To
01.04.22
Section A Receipts and payments
iJnrestricted
funds
Restricted
funds
ETrdowment
fund5
Totsl funds
Lastyear
tothe noarest
totho nèarest£
tothfr nearest£
to the nearest£
to the noarest£
A1 Receipts
Donations, Lega￿eS & Grants
Members Subso￿pIlOnS
Feesfor Charitabl$ SeNices
Trading Activthes
Fundraising £veTrts
64.373
730
5,960
70.333
730
S3,942
81D
30
865
1,475
752
1,475
752
1,777
459
1,777
499
15
62
55.724
Other Receipts IReimburserneni¥l
Sub totsllGross inGome forARI
A2 Asset and investment sales,
Isee table).
14,536
84142
14,536
90.102
S,960
Receipts from Sale ofFixed Assets
Loans Received
Sub tgtal
Total receipts
84.142
5,960
90,102
55,723
A3Pa
&nts
Salaries & Nl & Other Personnel Costs
48,626
2.263
4,795
45,323
42,072
8,065
Pen*¢n Contributions
Ch$rttabkActivilies & Tr£ding Co$is
Co$1 of Fundraising
Repairs & Maintenance
2.263
2.￿3
1.532
1,121
8.728
1,329
12.848
50B
1,730
1,060
10,S35
8,728
1,329
11848
Equipm8nl
Insuran￿1 Prof Support ¢DTrtracts
olfi￿ Overheads IPost, Phone,
Stslione
. IT etc.)
Bank Charges
VAT
5,492
5,493
5,774
83,2
1,932
85,202
115,0SS
A4 Asset artd investment
ur¢hases, Isee table)
Pu¢hase ofFixed Assets
Loans Repaid
Sub total
83.269
1,932
85.202
115,065
Net of re¢eipts/(paymentsJ
A5 Transfers between funds
A6 Cash funds last year en(1
Cash funds this year end
873
4.027
4,900
59,342
108,536
113,436
167.877
108,535
873
4,027

Section B Statement of assets and liabilities at the end of the period
Unrestricted
fund5
to neare$t£
Restricted
funds
Endowment
fijnds
to ne•r¢st £
Categories
Details
to nearest £
Bl Cash funds
CurrentA¢ts)unl
5.981
ReseNeAccounl
106,1D4
100
No 2Acwurtt
1,627
Paypal
Total cash funds
113.711
4,100
I￿reeD￿￿￿￿ rewpt¥3nd payments
cCOurtl511 0<
Urhrestrlcted
funds
to noarest É
OK
Endowrn8nt
funds
to rtearest£
Restricted
fund5
to neare3t£
Details
B2 Other monetary assets
Fund to which
asset belon
Currentvalue
onal
Details
C05t{option8P
83 Investment assets
Fund to which
asset belon
Currentvalue
onal
Details
Cost loptional)
B4 Assets retained for the
charity's own use
Fund to which
r8iate5
An50unt
onal
When due
onal
Details
B5 Liabilities
Signed by one ortsvo trustees on
bèhaff of all the trustees
Date of
roval
Signature
Print Narne
Gill Kennet (Chairl
1210612023
Gillian Bumett (Wice Chairl Treasurer
1210612023

CCM Balance Sheet 2022-23
Receipts & Payments 01-Apr-22 to:
31-Mar.23
Re¢ei
53,042.
500.00
150.00
0.00
O.OD
395.00
759 00
705.54
4,100.00
0.00
0.00
Pa
ents
48,449 D6
2.263_21
177.07
1 91D.00
8.727.65
7.323.87
3,510.78
396.69
1.120.84
4,014.80
1.0￿.01
134.08
336.71
0.00
532.19
627.73
1.914.56
29.50
290.93
103.00
0.00
0.00
o.oo
0,00
121.58
480.00
705.54
625.00
0.00
0.00
0.00
85,201.50
Grants l Fundiny
English Heritage
Newport PC
UDspent' Project Income
CQViD Job Support Stherne
Gov COVSO Grants irya IWC
Friends Fundra￿1￿9
HES Cbank. of CCMI
Mus DEV Office I SEMDP
Book
TB
TBC
TBC
Donatims ICa$hl
Donat￿n$ (Cardl
TrÈbuch8t
Wishing Well
Sub5cribetS
StafflDg
Sals, PAYE & NI
Pensions
Volunteers, Training & Tr8vel
Recruitment & Prof SeNices
Utilities
seGu￿ty & Insurance
Clèaning
Health & Safety
MaintenaTKe
Overheads
Restricted Grants
Telephorte
Stationery. Copying & Postage
Sundries
Bank Charges
New Equipment
Collection C8rÈ
Display l E¥1Mbi￿0ThS
Acquisith)ns
Marketing
Professional Subscription5
Tours l Museurn Use
OLrtreach Service
Shop Stock
F￿￿ra￿SIn9 Events
Friends Fundrdising
HES I'bank. of CCMI
Mu5 Dev Office I SEMDP
Book
TBC
6.058.76
1,066.04
1.449.85
641.47
730.OD
1.465.31
7000
170.(N)
1.235.CW)
0.00
87.01
308.51
356.40
1.777.00
499.16
14.535.51
90,101.56
Ponalions
COR AGts¥iIy
Earnèd
Study Days
Yalk
Tours i USÈ of Museum
Outreach Servi
SMp
Image Rights l Roy8&tie$
Secure Storagè
Fundraising EveTIts
Bank Interest
R&imbJrserllents
D Totsl
ProleGts
TBC
YTD Total
Open5ng Bzlances at 314qar-21
Curreffl Mc
6.410.07
Reserye Alc
1W.6fA.80
No2AIC
1,521.16
PayPal
o.oo
SubTotsl
108.536.03
Receipts (Above)
90,101.56
Total
198,637.S9
Balances 8131-Mar-23
Current wc
5,705.43
ReseNe Alc
1D6.103.96
No2AIC
1.626.70
PayPal
SubTolxl
Payn*nts (Above)
Total
Check- 000
113,436.09
85,20f.50
198,637.59

CAIUSBROOKE CASTLE MUSEUM
INDEPENDENT EXAMINATION OF ACCOUNTS
INTRODUCTION
I have been requested to undertake an independent examination of the
accounts of Carisbrooke Castle Museum for the financial year ending
31 Sl March 2023. The Museum is a Registered Charity (No. 3 10002)
with an annual turnover between £10,000 and £250,000 and an
independent examination report is therefore a Charity Commission
requirement together with the submission of annual accounts. I
confirni that I have no other role or relationship with the Charity or its
Trustee, s and there are no circumstances in the examiner's judgement
that would reasonably lead to the perception that the examiner is not
independent
To assist my examination I have been provided with a detailed Excel
spreadsheet containing all relevant accounting records, tooether with
associated bank statements and copies of a sample of invoices
contained in the expenditure payments list.
SCOPE OF ELWINATION
The examination of accounts has included the following actions -
l.Checking the consistency of records contained on the Excel
spreadsheet, that detailed expenditure and income statements
reconcile with the accounts summary and the prepared report for the
Charity Commission.
2.Reconciliation of accounting records to bank statements. A monthly
bank reconciliation was undertaken during the year. The bank
statements as at 31# March 2023 were inspected and agreed to the
annual accounts statement.
3.A sample of invoices was taken from the expenditure listing and
received electronically. All invoices inspected were accounted for
correctly and supported the financial statements.
4.Thc accounting records provide for a process of budgetary control,
and identify variances on budget heads.
5.PAYE Basic Tools from FtKIRC is used to make payments to HNIRC
which are paid on a monthly basis. Evidence of submission to
HMRC were obtained and agreed.
3. CONCLUSION
Having regard to the above, no matters have come to my attention that

need fi￿her reporting and in my opinion the accounts comply with the
requirements of the Charity Commission.
Gareth Htsghes
GARETH HUGHES BA (Hon) Fornier CPFA.
12TH MAY 2023

.WRirY
(OMM
Trustees, Annual Report for the period
i Period start date
Day
Month
April
Reference and administration details
Period end date
.Day
Month
' March
. Year
. Year
From
2022 ' To 31
2023
Section A
Charity name
Carisbrooke Castle Museum ICIO}
Other narnes charity is known by
Registered charity number (if any)
1188568
Charity's principal address
Castle Hill
NEWPORT
151e of Wight
Postcode
P030 IXY
Names of the charity trustees who manage the charity
Dates acted rf not for wholè
ear
Office lif any)
Name of person lor body) entitled
oint trustee
if an
Trustèe name
Gill Kennett MBE,
DL
Chairman
l& Co-opted
Trustee)
Vice Chair l& Co-
opted Trustee)
Nominated Trustee
n/a
Gillian Burnett
BEM
nla
Anne Longford DL
HM Lord Lieutenant forthe
Isle of Wight
Volunteers Representative
Diocese of Portsmouth
Carol Alstrom
Nominated Trustee
From Sep 22
Rev Steve SLStcliffe
Ex-officio Trustee
Cllrjonathan
Bacon
Helena Hewston
Ex-officio Trustee
Isle of Wight Council
Ex-officio Trustee
Until Jun 22
IWALC
Malcolm Lloyd
Rosemary Cooper
Peter Ednay
Gioia Minghella
Vacant
Co-opted Trustee
Co-opted Trustee
Co-opted Trustee
Co-opted Trustee
Ex-officio Trustee
Until Jun 22
n/a
n/a
n/a
n/a
Newport & Carisbrooke
Community Council
n/a
10
12
13
Peter Whiteman
Co-opted Trustee
Co-opted Trustee
14
Chris Broom
From Dec 22
Names of the trustees for the charity, if any, {for example, any custodian trustees)
Name
Dates acted if not for whole
ear
TAR
April 2009

Names and addresses of advisers (Optional information)
e of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional infomiation)
Virgil Philpott (Museum Manger I CEO)
Section B
Structure,
overnance and mana
ement
Description of the charity's trusts
Constitution
Type of governing document
lett ifd8L ￿￿e￿o. cop,< j!YbfiCIl
How the charity is constituted
g Irus-, assccialion, ￿0￿1 pap.!)
Charitable Incorporated Organisation
Trustee selection methods
|acTtsd bil
Four Ex-officio Trustees- two nominated Trustees lone by HM Lord
Lieutenant for the Isle of Wight, and another by the Friends of
Carisbrooke Castle Museum), plus up to seven Co-opted Trustees
appointed by the Trustees.
Additional governance issues (Optional infomiation)
The start of the financi31 year saw the legal 'winding up, of the original
M useum Trust Iset up in 19441 and its replacement with a new Charitable
Incorporated Organisation. This change had been planned since 2020 and
was undertaken upon the advice of Arts Council England Museum's
Accreditation Service. Effectively all the assets of the old Trust were
transferred to the new CIO with the same Charitable Objects- but with a
modernized constitution.
You may choose to include
additional information, where
relevant, about-
policies and procedures
adopted for the induction and
training of trustees-
the charity's organisational
structure and any wider
network with which the charity
works.,
relationship with any related
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
TAR
April 2009

Section C
Ob"ectives and activities
To promote the education of the public in the history of Carisbrooke
Castle and the Isle of Wight by the provision of a museum for the
maintenance and public exhibition of a collection of objects,
artefacts, specimens, books and documents and pictures and the
extension, enhancement, conservation and maintenance of the
collection.
Summary of the objects of the
charity set out in its
governing document
The main activities undertaken by the Trust in relation to the above
objects are=
Maintaining a museum relating to the history of the Isle of Wight
and to Carisbrooke Castle.
Collecting. documenting and preserving collections which support
the Museum's mission.
Using the co15ections in public exhibitions and in educational
activities, and making them available for study and research.
Provido access to collections and associated information by other
means including the internet and outreach attivities.
Undertaking fundraising artivities which support and sustain the
museum's operation.
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional information)
TAR
April 2009

You may choose to include
further statements, where
relevant, about..
policy on grantmaking.
policy programme related
investment.,
contribution made by
volunteers.
Section D
Achievements and performance
April 2009
TAR

Section D
Achievements and performance
CARISBROOKE CASTLE MUSEUtvl 2022-23
Summary of the main
achievements of the charity
during the year
The Museum'5 activities in 2022-23 were hampered by a funding crisis
and accompanying uncertainty surrounding security of tenure. Six weeks
before the start of the year English Heritage announced that they
planned to withdraw the Museum'sfunding- as a consequence of losses
that their organisation had suffered (nationally) due to Covid. Prior to
this announcement English Heritage had signalled that they were open
to deeper strategic partnership and were planning to continue the
existing fijnding agreement. The sudden change of heart meant that the
Museum spent much of 2022 operating in crisis mode- having to curtail
all non-essential spending and capital development plans in order to
prioritize its core opening and operations.
ACQUISITION5:
No significant acquisitions were made.
EXHIBITIONS-
As a result of the strategic uncertainty labovel the 2021-22 programme
of exhibitions was Ilargelyl left in place - although groundwork was done
for a new exhibition and publication in 2023-24 to celebrate the
Museum's 125th anniversary.
FUNDING:
As noted above, the Museum faced considerable financial pressure
during the year and was forced to draw on its unrestricted reserves in
order to fund its core operations between April and mid-september.
Because of the £40k 'settlernenV with the Isle of Wight Council the
previous year the Museum was, at one point, only 6 weeks away from
having to trigger it5 closedown protocols. Months of pushback / dialogue
with English Heritage eventually resulted in the signing of a new 3-year
agreement (Memorandum of Understanding) in October. While this
agreement relieved the immediate threat of closure, it still equated to a
32Yo Cut in fundin& in real terms, over the preceding 5 years and meant
that, without new income diversification. the Museum would struggle to
produce a balanced budget going forward. Issues relating to security of
tenure also remained unresolved following the Crown's sale of the Castle
estate to Heritage England in 2016 meaning that the Museum was
hampered in its attempts to obtain capital grants and long term funding.
As a footnote the Museum also continued to contest the IW Council's
£40k pension settlement, having uncovered evidence of irregular and
questionable practices, via a Freedom of Information request. A series of
regulatory challenges were made and at the end of the year the Trustees
were still contemplating legal action.
STAFF:
Due to the financial crisis the Museum operated a skeleton staff
throughout the year (with only I member of staff onsite for 80% of the
timel.
TAR
April 2009

Section D
Achievements and performance
VOLUNTEERS..
The energy and commitment of the Museum volunteers Iparticularly in
Front of House rolesl was the major positive to take from, what was
otherwise, a highly testing year. The new, post Covid, cohort continued
to bring a great deal of skill, personality and positivity to the
organisation. A new fundraising group was set up from amongst the
Volunteers during the course of the year which committed to helping the
Museum in light of the decline in support from the Friends Isee below}.
FUTURE DEVELOPMENT:
The organisation's plans for the restoration of Beatrice's Kitchen land
concordant creation of a new space with opportunities for income
generation) had to be suspended because of the funding crisis. Going
into 2023-24 the Museum still hoped to progress these works, subject to
satisfactory agreement with English Heritage.
USERS:
There were 105,993 visitors to the Museum during the period 1st April
2022- 31 March 2023. This represented a 9% increase on 2021-22,
however, visitor number5 were still approximately 9% lower than pre
pandemic levels. All visitors to the Castle continued to have free access
to the Museum's exhibitions during site opening hour5.
The Museum's education proEramme5 and outreach (care home)
projects continued to be suspended largely a5 a consequence the
reduction in Museum resources.
FRIENDS:
The Museum's Friends group presented a full programme of talks but
Struggled to find new Trustees willing to serve as Officers of the Charity.
Following the AGM in February only a Treasurer remained in place, as a
consequence of which preliminary discussions were begun about
winding up the Friends as a separate Charitable Entity and transferring
the talk5 programme I fundraisin8 activities to the Museum.
TAR
April 2009

Section E
Financial review
As noted, above the CIO had to draw on its unrestricted reserves to fund
core operations during the period April - mid September. At one point
the CIO was six weeks away from having to trigger its shutdown
protocols.
Heading into 2023-24, this, coupled with inflationary
pressures, left the Trustees highly conscious of the need to maintain
significant operating reserves over ond above the closedown contingency
because, had such reserves not been available in 2022-23, it is highly
likely that the Museum would have shut.
Traditionally the Trustees have maintained a closedown contingency of
circa £50k (designed to manage the closedown of the organisation and
the disposal of its 125 year-old collection in line with national
Accreditation recommendationsl. The Trustees are likely to increase this
closedown reserve to reflect both inflationary pressures and lessons
learnt from the experience of 2022-23.
Brief statement of the
charity's policy on reserves
Details of any funds materially
in deficit
Further financial revlew details (Optional information}
You may choose to include
additional information, where
relevant about-.
the charity's principal
sources of funds (including
any fundraisingl.,
how expenditure has
supported the key objectives
of the charity.,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Signature(s)
Full name{sl
Gill Kennett
Position {eg Secretary. Chair,
etc)
Chairman12022-231
Vice Chair12022-231
Date
12th June 2023
TAR
April 2009

CGrisbrook¢
-?s*le Museum
310002
[HAR￿y
(OMM
Receipts and payments accounts
CC16a
For the period
from
Periott slafL dale
Period end dale
31.03.23
To
01.04.22
Section A Receipts and payments
iJnrestricted
funds
Restricted
funds
ETrdowment
fund5
Totsl funds
Lastyear
tothe noarest
totho nèarest£
tothfr nearest£
to the nearest£
to the noarest£
A1 Receipts
Donations, Lega￿eS & Grants
Members Subso￿pIlOnS
Feesfor Charitabl$ SeNices
Trading Activthes
Fundraising £veTrts
64.373
730
5,960
70.333
730
S3,942
81D
30
865
1,475
752
1,475
752
1,777
459
1,777
499
15
62
55.724
Other Receipts IReimburserneni¥l
Sub totsllGross inGome forARI
A2 Asset and investment sales,
Isee table).
14,536
84142
14,536
90.102
S,960
Receipts from Sale ofFixed Assets
Loans Received
Sub tgtal
Total receipts
84.142
5,960
90,102
55,723
A3Pa
&nts
Salaries & Nl & Other Personnel Costs
48,626
2.263
4,795
45,323
42,072
8,065
Pen*¢n Contributions
Ch$rttabkActivilies & Tr£ding Co$is
Co$1 of Fundraising
Repairs & Maintenance
2.263
2.￿3
1.532
1,121
8.728
1,329
12.848
50B
1,730
1,060
10,S35
8,728
1,329
11848
Equipm8nl
Insuran￿1 Prof Support ¢DTrtracts
olfi￿ Overheads IPost, Phone,
Stslione
. IT etc.)
Bank Charges
VAT
5,492
5,493
5,774
83,2
1,932
85,202
115,0SS
A4 Asset artd investment
ur¢hases, Isee table)
Pu¢hase ofFixed Assets
Loans Repaid
Sub total
83.269
1,932
85.202
115,065
Net of re¢eipts/(paymentsJ
A5 Transfers between funds
A6 Cash funds last year en(1
Cash funds this year end
873
4.027
4,900
59,342
108,536
113,436
167.877
108,535
873
4,027

Section B Statement of assets and liabilities at the end of the period
Unrestricted
fund5
to neare$t£
Restricted
funds
Endowment
fijnds
to ne•r¢st £
Categories
Details
to nearest £
Bl Cash funds
CurrentA¢ts)unl
5.981
ReseNeAccounl
106,1D4
100
No 2Acwurtt
1,627
Paypal
Total cash funds
113.711
4,100
I￿reeD￿￿￿￿ rewpt¥3nd payments
cCOurtl511 0<
Urhrestrlcted
funds
to noarest É
OK
Endowrn8nt
funds
to rtearest£
Restricted
fund5
to neare3t£
Details
B2 Other monetary assets
Fund to which
asset belon
Currentvalue
onal
Details
C05t{option8P
83 Investment assets
Fund to which
asset belon
Currentvalue
onal
Details
Cost loptional)
B4 Assets retained for the
charity's own use
Fund to which
r8iate5
An50unt
onal
When due
onal
Details
B5 Liabilities
Signed by one ortsvo trustees on
bèhaff of all the trustees
Date of
roval
Signature
Print Narne
Gill Kennet (Chairl
1210612023
Gillian Bumett (Wice Chairl Treasurer
1210612023

CCM Balance Sheet 2022-23
Receipts & Payments 01-Apr-22 to:
31-Mar.23
Re¢ei
53,042.
500.00
150.00
0.00
O.OD
395.00
759 00
705.54
4,100.00
0.00
0.00
Pa
ents
48,449 D6
2.263_21
177.07
1 91D.00
8.727.65
7.323.87
3,510.78
396.69
1.120.84
4,014.80
1.0￿.01
134.08
336.71
0.00
532.19
627.73
1.914.56
29.50
290.93
103.00
0.00
0.00
o.oo
0,00
121.58
480.00
705.54
625.00
0.00
0.00
0.00
85,201.50
Grants l Fundiny
English Heritage
Newport PC
UDspent' Project Income
CQViD Job Support Stherne
Gov COVSO Grants irya IWC
Friends Fundra￿1￿9
HES Cbank. of CCMI
Mus DEV Office I SEMDP
Book
TB
TBC
TBC
Donatims ICa$hl
Donat￿n$ (Cardl
TrÈbuch8t
Wishing Well
Sub5cribetS
StafflDg
Sals, PAYE & NI
Pensions
Volunteers, Training & Tr8vel
Recruitment & Prof SeNices
Utilities
seGu￿ty & Insurance
Clèaning
Health & Safety
MaintenaTKe
Overheads
Restricted Grants
Telephorte
Stationery. Copying & Postage
Sundries
Bank Charges
New Equipment
Collection C8rÈ
Display l E¥1Mbi￿0ThS
Acquisith)ns
Marketing
Professional Subscription5
Tours l Museurn Use
OLrtreach Service
Shop Stock
F￿￿ra￿SIn9 Events
Friends Fundrdising
HES I'bank. of CCMI
Mu5 Dev Office I SEMDP
Book
TBC
6.058.76
1,066.04
1.449.85
641.47
730.OD
1.465.31
7000
170.(N)
1.235.CW)
0.00
87.01
308.51
356.40
1.777.00
499.16
14.535.51
90,101.56
Ponalions
COR AGts¥iIy
Earnèd
Study Days
Yalk
Tours i USÈ of Museum
Outreach Servi
SMp
Image Rights l Roy8&tie$
Secure Storagè
Fundraising EveTIts
Bank Interest
R&imbJrserllents
D Totsl
ProleGts
TBC
YTD Total
Open5ng Bzlances at 314qar-21
Curreffl Mc
6.410.07
Reserye Alc
1W.6fA.80
No2AIC
1,521.16
PayPal
o.oo
SubTotsl
108.536.03
Receipts (Above)
90,101.56
Total
198,637.S9
Balances 8131-Mar-23
Current wc
5,705.43
ReseNe Alc
1D6.103.96
No2AIC
1.626.70
PayPal
SubTolxl
Payn*nts (Above)
Total
Check- 000
113,436.09
85,20f.50
198,637.59

CAIUSBROOKE CASTLE MUSEUM
INDEPENDENT EXAMINATION OF ACCOUNTS
INTRODUCTION
I have been requested to undertake an independent examination of the
accounts of Carisbrooke Castle Museum for the financial year ending
31 Sl March 2023. The Museum is a Registered Charity (No. 3 10002)
with an annual turnover between £10,000 and £250,000 and an
independent examination report is therefore a Charity Commission
requirement together with the submission of annual accounts. I
confirni that I have no other role or relationship with the Charity or its
Trustee, s and there are no circumstances in the examiner's judgement
that would reasonably lead to the perception that the examiner is not
independent
To assist my examination I have been provided with a detailed Excel
spreadsheet containing all relevant accounting records, tooether with
associated bank statements and copies of a sample of invoices
contained in the expenditure payments list.
SCOPE OF ELWINATION
The examination of accounts has included the following actions -
l.Checking the consistency of records contained on the Excel
spreadsheet, that detailed expenditure and income statements
reconcile with the accounts summary and the prepared report for the
Charity Commission.
2.Reconciliation of accounting records to bank statements. A monthly
bank reconciliation was undertaken during the year. The bank
statements as at 31# March 2023 were inspected and agreed to the
annual accounts statement.
3.A sample of invoices was taken from the expenditure listing and
received electronically. All invoices inspected were accounted for
correctly and supported the financial statements.
4.Thc accounting records provide for a process of budgetary control,
and identify variances on budget heads.
5.PAYE Basic Tools from FtKIRC is used to make payments to HNIRC
which are paid on a monthly basis. Evidence of submission to
HMRC were obtained and agreed.
3. CONCLUSION
Having regard to the above, no matters have come to my attention that

need fi￿her reporting and in my opinion the accounts comply with the
requirements of the Charity Commission.
Gareth Htsghes
GARETH HUGHES BA (Hon) Fornier CPFA.
12TH MAY 2023

**CARISBROOKE CASTLE MUSEUM** 

## **INDEPENDENT EXAMINATION OF ACCOUNTS** 

## **INTRODUCTION** 

I have been requested to undertake an independent examination of the accounts of Carisbrooke Castle Museum for the financial year ending 31[st] March 2023. The Museum is a Registered Charity (No. 310002) with an annual turnover between £10,000 and £250,000 and an independent examination report is therefore a Charity Commission requirement together with the submission of annual accounts. I confirm that I have no other role or relationship with the Charity or its Trustee’s and there are no circumstances in the examiner’s judgement that would reasonably lead to the perception that the examiner is not independent 

To assist my examination I have been provided with a detailed Excel spreadsheet containing all relevant accounting records, together with associated bank statements and copies of a sample of invoices contained in the expenditure payments list. 

## **SCOPE OF EXAMINATION** 

The examination of accounts has included the following actions – 

- 1.Checking the consistency of records contained on the Excel spreadsheet, that detailed expenditure and income statements reconcile with the accounts summary and the prepared report for the Charity Commission. 

   - 2.Reconciliation of accounting records to bank statements. A monthly bank reconciliation was undertaken during the year. The bank statements as at 31[st] March 2023 were inspected and agreed to the annual accounts statement. 

- 3.A sample of invoices was taken from the expenditure listing and received electronically. All invoices inspected were accounted for correctly and supported the financial statements. 

- 4.The accounting records provide for a process of budgetary control, and identify variances on budget heads. 

- 5.PAYE Basic Tools from HMRC is used to make payments to HMRC which are paid on a monthly basis. Evidence of submission to HMRC were obtained and agreed. 

## **3. CONCLUSION** 

Having regard to the above, no matters have come to my attention that 



need further reporting and in my opinion the accounts comply with the requirements of the Charity Commission. 

_Gareth Hughes_ 

GARETH HUGHES BA (Hon) Former CPFA.             12TH MAY 2023