REGISTEREO CHARrtY NUMBER.. 1197448 Rbport ofth8 Trustoes and FlnanGL81 Statements for the Year Ended 31st Dè¢emb¢r2023 Worc•o14rnhlr¢ H¢rtl•g0. Art ano Mus8wn$ The F4chards Sandy Partrwrship Thtm&k)È Houso 26 Bartme Road Worc8Ster Worccslersh'.re WR11kU
wor¢r$h1 H?rftay. Artand hlu8•U Contonts olthg Flnanelal St4tam8nts forthe YBar Ended 31sf De¢ember 23 P•9• Reference ad Admlnlstra1 D¢tslls Report ofth• TnJ$t•OB Inth•nd&ttt Examlnorfts Rèport Stst•m0nt olNnan¢lal Actlvlth¥ Balance Sheot Notej to the Flnenci81 Slatemgnts 8 to 12 D•raSl•d StsttM•ntol RMn¢l•l AtI# 13
WOrGe5[ShIre Herltagè,Art and Mu$¢un Referen and Admlnlstrhtlvè DotB116 lorthe Ygar Ended 31Jt Decembtrr2023 TRUSTEES C J Nalsblit ICh&lrl VJ OsboTne18FOn18d 9,11.231 F F DO11 lappolnted 4.4.231 l R Rulhertord Johnson PRINCIPALADDRE86 Woreg$1or Clty Museum & Art GaIry For89È1fy Street Wor¢esl&r Worces18rstdrfr WR1 1DT REGISTERED CHARITY NUMBER 119Y448 1NDÉPENDEpEX*IlNER Thè fikhards Senty Partn6tshlp ThornBIDg Housè 26 Barboume Roarl Worc8Stèr W[>rStershir8 WR11RU BANKERS The CwfatNe Bank 11&120 Cohore Row Blrmingham MUSEUM MANAGER p rinsley Payo 1
Wort4tstsrsNr• Herfe, M and Mu$oum8 R¢portoftho Tru5tsp$ for th• Yoar Ended 31$t Dmber2023 ThB 129 pr&sent Iheir r•wt thp atwlS of kne ¢harNy for the year •ndÉd 31st December 2023. Thg Iruslo85 h3ve acopled th& t¥0510S of Accountno and Rep¢Jtlng ty CharflS89.. Sialement of Rer)6dQd Pr8Gt'ce applicBkle lo th8rf1188 pr8parino their accounts In 8ccordance vh Fln9rKtg1 Repor Stsndwd g)p1icablo In Iho UK and Rewbllc ol Ireland IFRS 1021 lÈY8clv8 l Janry 20191. OBJECTIVES AND ACTMTIES Oblectlves and alms The obiacliVBS of the CIO th& promoti of the 8pwefABtb)Th eryoyrRnt o. att ¢uttdJo, h8rilJe and saence for the public bBnefil by &ncour8ghg kne to pathclpaie and enyagè witn MUm8 and rebted sBnAces OJ6fdted ty Mvseums Worc8s18rnblr&. Slgnlflunt actlvltl08 Tne trustee8 ore taEked to (ge and promote publ PartPatK kn Ihe ol Worc8sknhire museums thrmh supwrt. wtlidty. advQY ar¥J dMa"onB the purpos95 01 purth88hg works DI art artgts¢ts Ihal developthe co51ecllcffl¥ 8nd tha work 8nd act1118 of th8 ttws¢umE. Publk •111 tyu$tess confirni that th&y have rA)mpled vAlh duty in $¢dn 17151 of the Charitie5 Act 2011 tr) r.ave duo fog8rd to yuldance plilSh0 by th8 Charfty CDmrnlssiorn on pubFc berfit en rev thè thwlttys alms obJeetiv$8 and in future a¢lIvI88. Page 2
V¥orttrster5hlre HBrltage, Art and Musoums R8port ofthè Trust6 tor Ihe Y•ar Ended 31st De¢¢mber2023 ACHJEVEMENIAND PERFORMANCE Chavrtable actfvitl?B 2023 was wOrsterSO Horitage. Art & kluseurn8 5ecorA year of ope.Uon. Twstees have been lo SpOrt and advocate fortho vrtxk across the museum8the charityyJppDrt6. The ¢h8ty rtrcdved 8 mqrr b8qU8St Ir(xn owfound6r, Profes¥or Roll OL%8n. A thtsgy to us& Ihl$ beque8t to PCha$S s1gnrfhI artworks fcr Worcester cIty museum cdfecabn had be8 agreed wllh Row snd trust80$ re ID stsrt 14alwNk. RoS advgGJw of thls wtrt hod rased othw donations in both 2 ènd 2C23 towardg Ih? PLtrcha5e ol ts¥o pakniing6 by Dame Laura Kdtht. Th8se war4 acqra1 for Ll8 Qty Musaum with a gr8nl from charfty. Call Bfjuh No.2 and Lands¢apo lof L0 Wraere and the Langd818 Pike$l. These work8 fill key Eaps In lare¢SterS wledon. The two paintin08 were exhlbited in the popular FIn the Comlsh Coast to Mafvem &%Nbllbn In 2023 whkh td 19,648 Mgtcxs. The Iwo Faithiings have abo feaiured In Worco$ler New$ 8rt1¢1oS, a size lelk and th8 publication. 8ritssh Impresgoni8m in the Worwsler City QDllgGlw, 8 ojpy of whl¢h ha5 been au1red by Lbrafy of th• Paul Contre, Th& Charfty 81so fuTh18d tt wr¢ha8e ota wni l Ltr4td My Ir.Th)eence ty Ttxcey Emln foi Worcestbr Cty¥ Profe68or Rolt C4w and FAuseuTr5 Worcasi&rshire M8nall&r y1t6 thÉ Chellenham Art F•r 8horUy bof¢6 hlo death arx1 th1$ prfnt slix>d out 05 B VCtur¢ thjl eFKuraged di&cu55pon about th8 thafflgs ITr WNcsterf$ COU&on, This lale per1 Df Tta¢y Ernln's Vrk gVDk8s thtr painlgrfy approach or the Imwesslortsl Ferk and is an ImPtst ¢ontempo.'8ry addan. The Ch4rlly was pleased to b& ablg lo ftjnd ilÈ a¢fwlsttFon to the ccAleclkJn where il wll Included in the Shlrfryand Rotf ofthe CIVS art ¢0116cibn. Tho Charfly lunded an audio gul(i¢ reruding and handset for Painl Ihe Streets ¢thibillon al Wor¢estsr Art Gallery aLrtum 2W23, attraGt8d 17,456 w5i'.oTr, Th6 aijdio guide was deswJned ID support to Ihe eyhbiticffi by peOe Ilvng with Sig kx5. wd those who find IK8tenlng mure comlortabl8 I)8n rtradlng 18bd$ 3rvJ panels. A SMJhl CcrKem gr¢xJp th8 emhlbfdon and usln9 the audb tour rSrted 9 28% Improv8menl In Ihtf P¢Sthve mental WBI1bng. Following a tour the MuseJm$ W08SterShIr? Collection8 Cantre Store, the Charlty reiVed s donation n b8 granl funded lor that Tkng form¢d a c4)ntribUOn towards the research, eoGurrental'on and con8wvatlDn of Indu51rfal looL% 14 Ihfr Colt. The voJunle8r8 working wilh ¢olèclion wprv very to be (ok1 thai a flrtanciol dwation had bogn tngdg toward$ thg work that th8y are undetsklng. h mad& thern f8el th8lr dStIOn of time to museums w&s 8ppreci8t8d. Th? charity Ins1 a conladle$s donation 1n al Worcester Art GaLry & Museum. and this mgd& supporthg th& chari¥ and tts 8lnL% convenient for our supwters. The charity was BW to cl?Im grft Sid on rnany of Ihes8 donau8, IncrEan9 the of P,8 eTOU¥ gmng. Yhe Trustees conb'nue b rewew +ls prudent knve8thxnt of tts 8vaiLqble (LtyKIg. The Twstges hav8 $tr8rgthened the Bowd ol TDJ5tees, h8n9 reviowed BlIsets. FDrmal and lrf(Ym&l 8dwoc8¢y foT the mu8em15 continues, wth Tru5ts88 repr8s&nting the ChaTlty to museum lber8. stsk9hoW8r8 VIP$ al ewni. r.* Chardy k dc>voloping an ambitious stralegy to SAJWOrt Mus&Un iV¢r¢esieTrhlrefor ihe ngxtthree years b8$ed tn.. Qo¥gloping th8 art ¢(AleOn. EUPPOrtingthe Model co1¢brA. hcluslon, edu¢gtionard Sussion arn9, healih munlal vm111ng. The Charfty h&% s8 to suppDrt sthLk)Is fjorn a¢as of hiofrr d8priw8tt to vK8it the mu5eiims, and a scheme lo Iloi)at& bEk8ls rot sludents b vi$rf¢ Ihg Ddffle Laura Knjghl exh1110 al WorGP5ter Art Galery, TheE8 11 imrlemenled in upcomuya ye8rs. Pay8 3
Worce8tsTshlf H•dtago, Art ènd Museums R•port ol Ihg Tnist for the Year Endod 31StDe¢oMr2o33 FINANCIAL REVIEYI The cheriws wyeslricted Inccffilng rwurcos £4,3e7 (2022,, £Z401 and th8 Un$t£t8 expend.tiJre was £1.100 (2022.. tr11. g15 a net swpthof£326712022 £2401. Tr charity rostithd kncomlng resources wero £260.127 12ll22: £1,6201 Hnd tha r08trfcted oyndnure £5,706 (2022.. £nMI, gwiDo 8 net llus of£244,42112022.. £1,620). To1 unrestrtcled fthd$ ai 31 Dfcemb3r 2023 were £3.507 {2022.. £2401 $nd totel reStrIC 48,041 (2022.. £1,620), gtyjhg tOtaln$ of £249,54e (2022.. £1.81. R•8eTVQS Poll¢y In KnoVAth Charliy crmI guld4rt0. wLYteirO Hee Arts & Museums poky 8eis ¢rtrt.' how much tw rharity needs 10 hold Sn r85eTve andKthy howand when11)e chaTiV¥ r9&erves c8n be 6P8rbt htywoftenthè reseNe$ policyvill tyvK8wed Th8 clwrity d09s rwJt èmpby $taft or marwè iyJfithro8 and thu$ 11 dD85 not na•d ID [Ye fvnds for resknJ¢1ng or m91nlanane6 Ir res8Ne. It doo$ not yet hava any .tsr planned COTnmfvnls Ihat C8nnol be met by futrJre incYJme IfN a pr4eGt whi¢h tt)a L2rlty hos comnltted kn Pde rnatdd fundiwl BThJ Ihus do8s not no•d to resgNe fiJ for this purp)s&. Tho ch¥lty should k9$p in reservt fwds for ihe w$1 of dlssduik)n $hLxJhl thtr tharfty be iinabl8 to ¢4>nlnu8. This is 0Thly to be v8ed ITh the evanl of thB Trustees. dgddirs should cea¥è to 88t. This wlll indude the c05t of ftnal year ac¢Aunlhg 8nd any payiTwf3 outslarkllng fwthe opertllon ot the trinaik)n 8taUon. The ¢8rfwwll how a mlnimumof£8ODand am8muM of£15CQ in fft88ry8Yor purpose. The thablty win hdd the Row Otson botwkst and the Martin don$(} Lmll thèy are sp6n! 98 8et out in the tsyo re¥trtcled fvnd Strateg$, i¢cctr¥Bltg that the 0158n bequ95t ¢an be 8p8nt OTr dissokntion St5 rf Ih05e 8re rewired. Thls policy will b8 Tewwd on an annual b3tl¥ to onswre that tho charity'5 PDSiboll Lal the n88d for b r&88N8 h8$ not chanpj. 6TRVCTUR4 GOVERPIANCE AND MANAGEMENT Governlng de¢umgnt Tho charity 18 coDltollor by Its gDV8mlng dMent, a consblutioll, and conslilutes 8 eharltsble wwrporated organisati)n. R¢eAJltsnent•n<l ¥ppolntm¢nt of nBwtruite•8 A s11$ anawsisof twsteas %va5 Undertak and a rE¢l1[m9nt Jan adoplad to bring addtlon81 $7$ to tsuste8S. Induc0 andtralnlng of newtrustOgS In 2022. th8 Itthl£es adopted 8 data prole¢11 polry and 8 granl-maklng rwdurnfor new Tru¥t to ref¥to. Relatsd partle8 Thè CIO SLVWrts th8 wDrk of Museums worcegtarshi ar fEed5 into its annu planNITwJ. iMu88urn$ Worcestershire is Snt mus&urfk% Se¢9 for Wor¢ostor aiy Coun¢ll and Wor(stèrshlr• CwntyCryJncil. )prov8d bY{erofIh0 bogrd oftruske8on......J3...kQ...a4................ and wgr*d k5 Wallby.. C J biak8bdt-T ee Pagg 4
Ind¢pendtttt Examln8ls RopDrtto the Tnmtees of Worc•8l•rshlr• Hgrko9•i Art Mui•ums Indopondont •mIneS reportto the trnslws of Wor10T8h1TO Horttyge. Artand Mu•eum I report to ihe -harity IN$iee5 on my èx&mlna'Jon ol the aCCJnts of W¢)rc•Btsrshlr• H¢rtts98, M 8nd mu8gUn Itho Tru51lforthe yeareThl&J 31st December2023. Rg4p¢)n51bllMIps and ba818 of reFK)rt As thj ¢b&rity of th6 Trust you are mgponsibl& for preparation of Ihg 8tcwnts h wrdanc¢ wlh the requlrements ofthb CharthsAct 2011 Ilho Arfl. I repor. In of rny examlnalk)n of the Tw5f6 accounts wl uÈr Sedon 145 of the Act and kn csrryfjng y exèmlnation I havè knllowed all aplCole Diroctlons gi¥an by ts Charity Commission undtr SÈ¢Mon 145151(bl ol the Act. Indp•ndent examlnerfg 5tHtBment w>ur chantvs 95 inGome exceedod 50,0D0 your examinw must b? a rwmber of 4 l$tad y. I can wfim that l 8m qualF.ed to dertak@ the examirtrath beceuse l arn a rrombér of tho ASSall0 of ClwrtW8d Ceritsd JX(XDUntanls. ol Lig listed bodies. I have u)MPted w.y exaTTxnalion. l ¢wlmi thai no materAI mattérs have corno Its rny attpr.lion in cer)lun wlth the examliaU ¢ausè to that In ary material r85pocI.. accounbng words were not kept in rg$P8Ct orth8 T¥1 as wulr&Y by Secknon 13Q oftho A¢1; or Ie ¢¢15 do not accord wth those records,. or the a-(x)LLnts do nol mplY thè eppbA)k qUkments COnmIng the fDrm ty)nienl rf 0c(owts sot out In Charities IAccounts and Reportsl Regul8tbns 28 oth8r than any rttquirément ih8t Ihe 8crxJbnt9 give e and fwr vw %leh is iitsl a mather c0n5lced gs pgd of•n ir.dep2ndpnlexarTWTh8bon. I hqvo no conwD5 and have comg across no Nh8r rnatters n the examinab.on to whKth 8ttethn gho be drawn In thi5 rewrf Ir. (Kd&r10 enable a yep&r LderstandIng of the 8cwunts 10 be reached. Mells$8 ACA ACCA The RKtherd5 Sandy Partnership Thomekne Hous& 25 BaIbwr Rog W(rtesler W(esterShIr8 WR11RU D8tÈ....J31Jr)l LL4 .............. Pag8 5
Worc8atorshlr& Hltsgo, Art and Mus•um StatsmentofFlnincIalAd lorthe Year End•d 31st D8Mber2023 Poriod 11.1.22 YarEhd 31.12.23 T*)tal fvnd8 31.1222 rostrlctsd fLnd R¢sLrffA6d I$ fflCOMEAND ENDIMIMENTS FROM Oon8lv)ns legaclES 1,692 2SO.127 281.819 1,860 InvBslmenl IrKome 2.675 2,675 To 25D,137 254,494 1,850 EXPENDIWRE ON ¢hgvSt•bl• a¢¢ivllh• Ch&dtabL9 8ctivthes &706 6,806 NET INCOIAE 3,267 244,421 247,688 1.860 RECOMCLL4T)N OF FUNDS Totsl funth broughtfcrward 240 1.620 1,880 TOTAL FVNDS CARRIED FORWARD 3,507 24&041 The nolesfom) Of Ihesgfknandal swtements Pago 6
Worc•siershlre H¢rflag8. Art and MusEutn$ BAl•n¢4 Shwl 31st De¢emboK 2023 2D23 Total fund8 Z022 UnTe8lrfcsd fund Rethded fund$ frjrds NoteA CURRENT ASSErs Oobtors Cash at bank èid In har 10 3,P15 1,612 2815 247,653 246,041 I,a60 4,$27 246,041 2S0,668 1,8PA) CREDITORS Aftwil¥ fallig onp year 11,0201 1,0201 NET GURRENT ASSETS 3,507 246,041 249.548 1,880 TOTAL ASSETS LESS CVRREpif LIABIUTES 246,011 24948 1,860 NÈT ASSETS 3.507 346,041 149,548 1.860 FUND8 Unreslricied funds Ra4rfcled fvnds 12 3,507 246,041 240 1,62Q TOTAL FUNDS 249 1,860 Th8 fl81 staternanis w6r8 appr(Ned by Ihg 808rt Df T¥•8 and authori8&1 iwè . 8nd were $19n8d on Its behawby.. C J Nai5biM-T The not8$ form part 01th8se finanaal &taloironts Paye 7
Wor¢•st•Trhlre Morflage, Art and Mu54ums Notos totho RDan¢lal sM¢mènt8 lorlhè Y¢•r Erthd 31st DeceMr2023 ACCOVNTrNG POLICES ASIS OF PREPARING THE FINANCM STATEMENT5 Th8 fiThan¢ral st2lenknts thBrity, which benefit entity uTrJet FRS 102, havt been prepa¥8d accordce th the char"8$ SORP IFRS 1021 'Accountkng and RepDrting by Chartti9s'. steleml Or Rocornrr.ended PraGtic8 appl8 to thari18 preparing Ihelr 8ceounl$ in aCOxd&n wlth the Fin8nclal Reportvy Stard ¥tWca} in the UK and R8publFc of IreSÈr¢ IFRS 1021 leffeclkve 1 January 2D191', Fin¢11 Repmhg Stsidard 192 ryhe Ananii814eporbr.g Sta[ard applic4bk In the UK &nd RepUbr of trel8nd' and tha Ch8riti&s Ao12011.Tho f5n8 stat8merts have ba&n prgp4red undo1 tho hL%tori¢aI¢ostnYényOn. Ttr.e is 8x8rnPtfrom pr8partng 8 cssmow stat¢m¢nt because rt is nola18r1trfty. The aCUrtts prep8red In st8rfing, 1$ the fun¢tion81 ojriency of Ihe Gharity. ktknnethry emcunls In the ffinan¢bl atenwiig To8d loth& nearest£1. IKOME Al Itwm Is reec9n In the Statot of Hnanckl A¢Uv5tIès once th8 tharty has en11ment lo the fiJnd8, 18 prob8bltrthai the In¢omA b$ r&dved and ts amount can b& m&asur&Y rdlabty. InrJ)m& tfom donolk)ns 16 irtluded th8 Is to th8 ljnds.. for coWlon¥ and pThned yviro thls Is whgn tsJnd8 or0 rerwed. hccm8 from Gfft Irdu¢e(S In the SOFAat Ihv same Ime a$ th$ (bnalk)n5 to they relats. Intx¥llg from Indud8d whan aTrKunl lac48b18 h•$ baen rea60ngbly an¢ notmed by In¢onio tr¢Jn hwostrnents Lg hduded Irs arA)yJnts whgn receiv0b, EXPENOITURE Llabilit$ arE recognlsgd as axwdlur8 as there 18 a 981 or conslwelv9 OtAigatlon cirnltung hariiy to th8t expefiOltur8, rt is probable that a IratLsfsr of ownoniiG banef.ts ¥AII be required in se11ment and the arntsunt of the obll9atiw ¢fjD be measured r8118bty. Expenditura is accouted lor on an &cruals bo81$ and as been ckssifi¥d urKl8r headirys that a6urWe 411 COEt rekled to Ihe tgtegory. Where costs cannot be iredy attrlbuted to parbcular headlng8 they hav& been aoraled to acdvll8S oft a b43is vJnsi51ent wlh Ilp use Ofresou& Conts offered 6ublrft to conthon5 lv8 nol bn al Iho yv8r end date wè noted as a comm(ThNni but not accrued as expeTrlilwo. TAXATDN Thg charity i$exetNpl frorn tsx on Its thvthltaè40 aclfrth. FUMD ACCOVMTING VnTgStrictfd fund5 can t U8ad in M&tharttable oblecknvas atthe ofthetrusieeB. ReStted fvnd8 orfy be use(S for pth.r reslikled purposes ¥thln tre ¢bi?tsts of the tharlty. REslrfth8 ariso spwJn8d by .8 thrA)rcf funds 8re robed forpdrbcularr8strpA1 purpo905. FurtherexpLgnaikJnof the noturè wrpo8oof w¢h lund is IndudY hi th¢ notesto tTr.q hanty#l stalnI FINANCIAL INSTRllhlENTS Finanal li81119 eqLnty InstrUmts &TE oknifiod accordlng to th& 8ubstan¢o of cthitrachl orrare8Trts entweil inLo. hn gquity Instrument Is that Vrfid8nc88 a rOU1 Inleffjst ift IhÈ 8sts of(hD ¢nlty ofiiE fin3ncial labilities. Whgre rthtra¢iU obbgafiDns of finanud inslrum8nts are ewWant to 8 5imlhr debt ll8'[p.e, fjnancid inslrum8nts ore d&888d as fInand labrt. FinanriEJ liabilitA5 are preseni8d a5 such sn Ihe bal¢e sfet. Finance costs gahs or lossps reloling to finand81 lIab"aS ar8 IndUd in proft yrKI ty)ss &cwJnl. Flnanca Eosts ere c9jted so as to produc8 t8nf te rfrelurn on the outstandlTrg Ikgbilty. Vvhere th8 wntractual tÉmi8 rf tharg tapttal dD not have any tsrms mogting the defiT)Illci ol & flnèndal 1"'al'lY IheTr thi% 15 cl3ysed 88 an equlty DlviJthds and dislribJlons rebts"tvJ lo equlty $tMontS ar8 d8trxleddirer*to lty. Page 8 nLed...
WaeSteh1t• Hèritago. Art Museum¥ Not98 to th• Flnanclal Statsments-¢ontinu¢d fortheYe8r Ended 31st December2O23 DONATIONS AND LEGACIES Period 11.122 Yèar Eded 31.1223 31.12.22 Donatifm8 Gfftwd Le9ad8S 1.185 634 250,OtrJ 1,860 251,819 INVESIMENT INCOME Peric 11.122 lo 31.12.22 Yè8T Endad 31.12.23 Oepo8itAwourtlnkrost 2,675 CIWlABLE ACTP4fTIE8 C08T8 Grant funth.ng of Sppt (see note 61 (see note Tot* ctrpn1ab aclvfdes 761 1.041 ,806 GRANTS pAYLE Por%)d 11,1.22 Yéar Endèd 31.12.23 3112.22 Charitable aGtivitie 5,Y61 Thetotai Brants pa'"d to InsUluth)n8 durirvj the yearwas as lollow&'. PeriDd 11.1.22 to 31.12. Ypar End6d 31.12.Z3 MuseukN8 WorcesteT5hire 5.781 Pago 9 (onthued...
Worcestershlr8 Herita, Art8[ Museums Noteo t•the Flnon¢l418tytèmtnts-¢onUnued fDrthe Yèar EndEd 318t De¢ember2D23 SUPPORTCOSTS Fan Charitable activthes 25 120 1,045 Support costs. tn the abjva. are os lo10.. Period 11.1.22 Year Ended 31.12.23 Chorffablo 8dlvttl88 31.12.22 Total ar.¥8$ 98nk charge Ind8pendenl oxamlnalbn 25 1,02D 1,045 TRUSTEES. REMUNEPATION AND BENEFirs There were no InL%tees' remurratIon or other benBfft5 for Ihe year end#d 31¥t Derntr 2023 for Ihe perlod ond&d 318t D8ceThbw2022. TRUSTEE8' EXPENSES There w8r8 no trust86s' eypeO$ pakj ts the yoar ed 31st D8cwnb8r 2023 nor for the l¥j 8nd8d 315(Dgc9b9r 2022. STAFF COSTS There were no 6mployees dwkng IhB endgd 31 Oec8mhr 2023 thrho wr enthd 31 Oe¢9rtJ8r 2022. COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACTivmES Unréstricod Rthi(*ed fd Totsl funds INCOME AND ENDOVIMENTS FROM [natIOnS and lÉgÉ¢S 240 1,620 1,860 NET INCOME 1.620 TOTAL FUs CARRIED FORWARD 240 1,620 1,880 DEBTORS: AMOUNTS FALL1Tr DUE WIThIN ONE YEAR 2W23 2C122 0th8rdeblc Prepayments orcru8d 2,675 2,915 Page 10 nuèd...
Wor¢g$lernhl Nerl¢ag< Artand Not9$ to Iho Fln8n¢lal Statem8nts. ¢orrtlnuod forthe Yoar Ended 315¢ DeCeMr 20rJ CREDITORS.. AMOUNfs FALUNG DUEVdlTHIN ONE YEAR 2Q23 2022 A¢uued experoe8 1,020 12. MOVEME IN FUNDS Nel mDv2rneni ITh fund8 At 31.12.23 At 1.1.23 ljnrnstrlclod fundi Generallu 240 3,$07 R•strf¢¢od fvnds Darn8 Laura Knlghl Fund Art Gallery & F1 R Cysèn Le9ary Fund 1,425 195 11,4261 1951 244041 246,041 1,620 244421 246,041 TOTALFUNDS 1,860 247.¢8B 249.Y8 N6t mOV8mnt In furl8, IndUd In the abjve wé as f10.. Itwmlng r880urc88 Rgsouicg eXdqd lovemn¢ In fijnds Unrostrfrted fund& 4.367 3,267 R05trfrlod fuDIts Damo Lauo KnlEhtFund Art Gallery & Museum fuhd Collo¢Uws Centy Fund R 018 Legv.y Furyj 25 IqA5DI 11951 11021 13,9591 11A251 11951 102 250,000 246,041 250,427 15,7061 244,421 TOTAL FUNDS 24494 247.688 Compwatlv8sfor movgmgnl in fund¥ trnvemenl Al 31.12.t2 UnrÈtstrlctad Gon8r&l fund 240 240 Re5tr1¢18d fvnds Dame Laura 59 Fd ArtG8kny & Muséum FLTrnd 1.425 195 1,425 195 1,620 1.620 TOTALFtINDS 1.850 1,860 P2g811 nunuèd...
Wor¢8Bter5hire Hedtsgg, Art and MusoLmS Notes tolhè Finun¢iil Stat•m•nt¥-cortlnued forthe Year Ended 313t Deeember 2023 11 MOVEMEPlf IN FUNDS. contlnued Comrave net mDVThfit in fwnds, Inced Inth8 abovo ar0 As follows.. hcom¥)p rBsourceE Ro8ource5 Bxpgnd In funds Unr¢•trkted funds Ganeral 240 240 R¢$trlfyled fund5 Darne Lglira Knight Fund P4tGalbry& Mu&gum Fund 1,425 195 1,425 195 1.820 7,620 TOTALFUNDS 10eo 13. RELATED PARTY DISCLO8URE8 Durtrg ygar ond&l 31 D•ren6r 2023 wr¥p3frfe.ed of £10 wére roc¥1 from 2 Trusiees 12022.. Durkny th8 yew grants of £5,761 12022.. £nll were awarded to Mu88ums Woftssl8r¥hlre. ¢f vthKh P T119Y is Museum M8nag8r. Th68è 9tsnl$ wero gwen in 8¢¢Ndan 1th Ihe theritl¥ grnnt awar¢ pollcy. awarded by tho TIu5tees. PURPOSE OF FUNDS Unrèstrfetsd Funds unrèstdcied general Cen be used for any Charitab purpose wllhkn charW$ Dbigcts approY8d bythe Truslees. Restrfrtod F¥nd6 Oame Laura Tr(nlght Fund. fb'S fLnd is re8idct*1 for tha purposp of 8$8i81inG thp Art Gelery th8 purthage ofpdnings ty Dame L aura KnvJhL Art GalAry and Museum Fwd .th15 fund Is re8lrfcted lor th8 putptssèola6sk%llThJ theArt GaMeryaTrJ Musaum. colknc1l0 Corth Fund - Ihls fund ra8trictod folkn%%lw th& rec8 of donatiDns to be put toward8 the Coloctions Cenlre. R Ols•n Legacy Furxl - thb fund res folhmnp Ihe re(p[ of a leyw from R Otsen. It sli)ulat6d that the bequest be used sobtyfortha purcha$8 of worths of a Page12