Charity registration number.. 1200249 The Allhallows Museum of Honiton Annual Report and Financial Slalements for the period from 1 September 2022 to 31 October 2023 WESTCOTTS HAR T*RtD ACCOVNfAIITS & •U51MESS ADVISERS
The Allhallows Museum of Honiton Contents (continued) Reference and Administrative Details Trustees, Report 2103 Accountants, Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 7108
The Allhallows Museum of Honiton Reference and Administrative Details Trustees Mrs R A Connett, (chair) Mr S P Parsons. (Vi chairl Mrs M Lws. {secretary) Mr D C Lewis, Itreasurerl Mfs L Cray Mrs V l Foss Mrs M Wa¥dell Charity Registration Number 1200249 Prlnclpal Offlce Allhallows Museurn High Street Honiton Devon EX14 1PG Accountants West¢otls (SWI LLP Queens House Honiton Devon EX14 1BJ Page 1
The Allhallows Museum of Honiton Trustees, Report The Iruslees present the annual report together with the financial statements of the charity for the period ended 31 October 2023. Objectives and activities Objects and aims The Maintenan of a museum in Honiton, thich shall be open to the public, for the acquisition, preservation and display of objects and material illu$lraling the history, art and industry of Honilon, of its neighbourhood and of the county, particular emphasis being given lo Honilon Lace. ObJeetlvé4 strategles and a¢tlvftle$ The Charity was registered as a Charitable InCo1rated Organisalion ICIOI 1 September 2022. 11 is planned for the assets, liabilities and activits'es of Allhallows Museum Society of Honilon {regislered charity number 3066451 lo be transferred in full lo The Allhallows Museum of Honiton Iregislered charity numbei 1200249) bul owing lo delays and circumstances beyond our control, the pesS has not been completed. Public benefit All our aclivitres produce public benefits. and it is confirmed that the trustees have complied fully with the Charities Act 2011 in this regard. Structure, govemanee and management Nature of governing document The Charity is govemed by ils Constitution dated 1 September 2022. Recruitment and appointment of trustees The museum is administered by a committee of Iruslees. The rules for the appointment of trustees are sel out in the charity's constitution. Risk management The Trustees have assessed the major risks fa¢irwJ the Charity and have developed appropriate procedures to miligale and control those risks. Page 2
The Allhallows Museum of Honiton Trustees. Report (continued) Statement of Trustees. Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance wth the United Kingdom A¢¢ounling Standards {United Kingdom Generally Accepted Accounting Pfacticel and applicable law and regulations. The law applicable lo charities requires the Iwslees lo prepare financial statements for each financial period which give a true and fair view of the stale of affair5 01 the charity and of the ineoming resources and application of resources of the charity for that peri¢)d. In preparing these financial slatemenls, the Iruslees are required to.. select suitable accounting policies and then apply them ¢onsstently', observe Ihe methods and principles in the Charities SORP., makejudgements and estimates that afe reasonable and prudent; state whether applicable accounting standards have been followed, subject lo any material departures di8¢105ed and explained in the financial stalemenls., and prepare the financial statements on the going concein basis unless it is inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose wlh reasonable a¢¢uracy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charilies IAccounls and Reports) Regulations 2008, and the provisions of the conslitulion. The trustees are also responsible for safeguarding the assets of the eharily and hen¢e for taking reasonable steps for the prevention and detection of Iraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial slalemenls may differ from legi4ation in other jurisdictions. The annual report was approved by the Iruslees of the charity on behalf by.. Mrs R A Connett Trustee Page 3
Chartered Accountants. Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of The Allhallows Museum of Honiton for the Period Ended 31 October 2023 In order to assist you to fulfil your duties, we have prepared for your approval the accounts of The Allhallows Museum of Honilon for the period ended 31 October 2023 as sel out on pages 5 to 8 from the charity's accounting records and from infomialion and explanations you have given us. As a praclising member fimi of the Inslilule of Chartered Accountants in England and Wales IICAEWI we are subject lo it$ ethical and other professional reqU1ments which are detailed al http'.Il.lCaew.C0M1enImemberregU18l1onS-stsndardS-and-gUid2nceI. This report is made solely to the trustees of The Allhallow5 Museum of Honiton, as a body. Our work has been undertaken solely lo prepare for your approval the financial statements of The Allhallows Auseum of Honiton and slate those mallers Ihal we have agreed lo slate to the trustees of The Allhallows Museum of Honiton. as a body, in this report, in accordance with ICAEW Technical Release 07116 AAF. To the fullest extent permitt1 by law, we do not accept or assume responsibility lo anyone other than The Allhallow5 Museum of Honiton and ils trustees, as a body, lor our work or lor this report. It is your duty lo ensure that The Allhallows Museum of Honilon has kepl adequate accounting records and to prepare $talulory accounts that give a true and fair view of the assets, liabilities, financial position and ol The Allhallows Museum of Honiton. You consider that The Allhallows Museum of Honilon is exempt from the slatulory audit requirement for the period. We have r)ot been instructed to carry out an audit or a review of the accounts of The Allhallows Museum of Honilon. For this reason. we have not verified the accuracy or completeness of the accounting records or infom)alion and explanations you have given lo us and we do not, therefore, express any opinion on the statutory accounts. Westcolts {SWI LLP Dale.. 301.0&13<YJ Page 4
The Allhallows Museum of Honiton ststement of Financial Activities for the Period from 1 September 2022 to 31 October 2023 Total 2023 Note Incorno and Endowments from: Exponditure on: Net incomellexpenditure) Nel movement in funds Reconclliation of funds Total funds carried forward All ol the charitls activities derive from continuing operations during the above period. The notes on pages 7 10 8 fcim an inte9ral part of these financial slalemenls. Page 5
The Allhallows Museum of Honiton (Registration number: 1200249) Balance Sheet as at 31 October 2023 2023 Note Funds ofthe charity: Total funds The fi ancial statements on pages S to 8 were approved by the trustees, and authorised for issue on and signed on their behalf by.. Mrs R A Connett Trustee The notes on pages 7 to 8 Icmi an integral part ol these financial statements. Page 6
The Allhallows Museum of Honiton Notes to the Financial Statements for the Period from 1 September 2022 to 31 October 2023 1 Accounting policies Statement of compllance The financial slalemenls have been prepad in accordance with the second edition of the Charities Statement of Recommended Practi issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparatlon The Allhallows Museum of Honiton meets the definition of a public benefit entity under FRS 102. The accounts (financial slatementsl have been prepared under the hisloricd cost convention wlh items re¢ognised al cost or transaction value unless otherwise slated in the relevant nolelsl lo these account$. Going concern The Iruslees consider that there are no material uncertainties about the charity's ability lo continue as a going concern. Income and endowments All incoming resources are included in the slalemenl of financid activities when enlillemenl has passed lo the charity., it is probably that the economic benefits associated with the transaction wll flow lo the charity and the amount can be reliably measured. Expenditure All expenditure is recognised once there is a legal or Constructive obligation lo that expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable eXnditUre heading that aggregate similar ¢osls lo that category. Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. 11 includes both costs that can be allo¢ated directly to such activities and Ihose costs of an indirect nature necessary to support them. Govemance costs include the costs allributable lo the charity's Complian with conslitulional and stalulory requirements, including independent examinati¢J>, strategic management and trustee's meetings and reimbursed expense$. Fund structure Unreslricled income funds are general funds that are available for use al the Tfustee's discretion in furtherance of the objective5 of the charity. Designated funds are unrestricted funds set aside for spedfr purposes al the discretion of the Trustees. Restricted income funds are those funds donated for use in 2 particular area or for specific purposes , the use of which is restricted lo that area or PUFPOSe. Page 7
The Allhallows Museum of Honiton Notes to the Financial Statements for the Period from 1 September 2022 to 31 October 2023 Icontinued) 2 Trustees remuneration and expens No Iruslees, nor any persons connected wlh them, have received any muneratIon from the ¢harily during the year. No trustees have received any ieimbursed expenses or any other beriefils from the chaflty during the year. 3 Taxation The charily is a registered charity and is therefore exempl frffl) taxation. 4 Related party transactions There were no related party transactions in the period. Page 8