Reglstered number: 00830659
Charlty number.. 241644
AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA Company Ilmlt8d by guaranto¢1
CONTENTS
Page
Reference and admlnlstrative detalls of tho Company. Its Truste￿ and advlsèr6
Trustees. report
Ind¢pend8nt examineV$ report
Consolldated stat•mont of flnanelal actlvlti
10
Consolidated balance $hg8t
Company balance sheet
13-14
Consolldated s1*oment of cash flo
Notos to the financial stat•m8nts
16-52

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmltod by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
M Woolley Iresigned 26 April 20221
A Hurley
N Psirides Iresigned 26 April 20221
K Gee, Chalr
M Amistrong, Vice Chair
P Richmond
P Rellly
S Pope (appointed 27 January 20221
A Wood lappointed 21 Novgmber 2021}
D Robinson, Treasurer
Company règlstered
number
00830659
Charity rogisterod
nUM￿r
241644
Reglstered office
Stoke Heath
Bromsgrove
Worcestershire
B60 4JR
Key management team Zoe Willems, Director lappoinled February 20211
Abbey Butler. Commercial Manager lappoinled Novembei 20211
Nick Sturgess. Deputy Museum Diwctor (left November 20211
Emma Townshend, Ath"ng Head of Operations (redundancy March 2021)
Page I

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlt•d by guarantsèl
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements ol the Avon¢roft Museum of
Historic Buildings for the 1 January 202110 31 December 2021. The Annual report serves the purposes of both a
Trustees. report and a directors, report under company law. The Trustees confirm that the Annual report and
financial slalemenls of the charitable company comply with the current slalutory requirements, the requirements
of the charitable companls governing document and the provisions ol the Statement of Rewmmended Practice
ISORPI applicable to charities preparing thair accounts in accordance with the Finandal Reporting Slandard
appli¢ablo in the UK and Republic of Ireland {FRS102} leffoclive 1 January 20191.
Trustees of the Charlty
The Trustees who have served durlng Ihe year and slnce the year end were as follows..
M Woolley (resigned 26 April 2022)
A Hurley
N Psirides (resigned 26 April 2022)
K Gee, Chair
M Arrllstrong, Vic&Chair
P Richmond
P Reilly
S Pope lappointed 27 January 20221
A Wood (appointed 21 November 20211
D Roblnson. Treasurer
Objectives and ktlvltles
a. P¢li¢io$ and objectives
The principal aim of the charitable company in the year under review was to advance the education of the public
in the history of building as illustrated at Avoncroft and Ihe relationship of people wlh the buildings they
constructsd and in which thgy livgd and worked.
In 2017 the Charity set out how il would achieve its aims and objectives as sel out in our 20 Year Wision through
ils 3 year Business Plan. This is due its five yearfy review in 2022.
b. Publlc Benefit Statement
We have referred to the guidance contained in the Charity Commission's g¢noral guidanco on public beneffl
when reviewing our aims and objectives and in plannin9 our future activiti8s. In particular. the Trustees have
considered our future ability to meet our charitable purpose when setting our 20 year Vision and its goals and
objectives. Shorter temi objectives to deliver public benefit a￿ sel within the Museum's busine55 plan.
Strategic Report
a. A¢hl•vements and perfofmance
2020 was a drfficult year for the Museum due to the Covid 19 pandomic. survivgd only with the help of thè
furlough scheme and support from NHLF and Arts Council emergency funding programmes. Tho museum
entered 2021 as lockdown 3 began, unsure of its future while the pandemic was still destabilising culluial life.
With no indication of when we could begin earning income through opening lo the public. Trustees had to face
difficult decisions in order lo secure the long-lerm future of the museum. In Febnjary 2021 all but one existing
staff were made redundant. while a new Director was recruited lo create and deliver a recovery plan, once
circumstsnces permilled. Therefore, our new Director, Zoe Willems started In February with a virtually empty
office. By the 8nd of 2021 she had filled five ￿$1$ and recruited a rola of front of house casuals. This very small
Page 2

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guaranteol
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
team would have been unable to re-open the museum without the core team of dedicated volunteers who could
retum once there were paid staff in place to manage their work.
The Museum re-opened on May 1st wrth a reduced offer (outdoors only due lo government guidelines) and at a
reduced price. The re-openlng was wdely welcomed by local people for whom Avoncroft Museum has been a
key part of lrfe and 8 valuable outdoor space. Shockingly, on the same evening, vandals severely damaged five
historic properties including the Nailgrs, Cottage. Tollhouse and Brlngsty Mission Chureh. The museum had to
c10s9 for th8 rest of the bank holiday weekend to enable pollce inspections and to secure the buildings. With help
from many well-wishers the sile was cleared and made safe to rgopen the followng weekend. The public's
response lo this assault on the communitys heritage was instant and heart-warrlling. The media and police were
also extraordinarily SUPPDrtive. Donations of more Ihan £50K We￿ received from supporters of the museum, as
well as many other offers of help in kind.
The fallout from this incident put the srnall learn under extraordinary pressure and as a result we were not able lo
deliver a full summer programme of events. Neverthelgss, events were held over the summer with the use of re-
enactment groups, theatre and perfomiers, and volunteer-run family aclivilies. Autumn saw very popular
event weekends, bringing medieval and 1940's history to lrfe. Major Hallowaen and Christm85 events wera not
posslble wlth the level of staffing available. but an extemal partner helped to organlse 8 couple of mulli-perfod re-
enaclmenl markets lo provide an historic perspective ￿ seasonal fes￿vItte$.
From June 2021 the museum adopted a pattern of three day opening in term-time (Wednesdays and weekendsl
and five days in school holidays. On the other days the museum remains open lor fee-paying commercial or
private events and school visits. Trustees are pleased that visitor numbers for the 8 months of 2021 {12,8001
compare favourably with the 8 months open in 202016,5941.
The new Director, supported by the Board, will build back the business to viability, balancing public access with
the nged lo achieve a sustsinable business model. In the meantime. we are most grateful lo Arts Council
England and the Cultural Recovery Fund. wilhoul whose support Wg would not have the platform of reserves
upon which we go forward.
b. Inv￿tman1 portonnance Indlcators
Avoncroft Enterprises Limited made a profit of £9,541 12020.. bss of £52.1831 wlh negatlve nel Ilabillues ol
£2.197 12020.. £11.7381 at the yoar gnd. Al the profit has been allocated to AvoncToft Museum of Historic
Buildings under Deed of Covenant.
¢. Rlsk management
The Trustees have a duty lo idèntify and review the risks lo whith the Charity is exposed and to ensure
appfopriate controls are in place lo provide ￿8$onable assurance against fraud and error. The Trustees
examine the principal areas of the Chantys operations and consider the major risks faced in each of theso areas
at their bi rnonlhw meetings. In the opinion of the Trustees, the Charity has established appropriate resource and
view systems, which, under normal conditions, should allow these risks to be miligaled to an acceptable level
in its day lo day opgralions. The Trustees fomulaled a Reserves Policy in January 2016 which is regularfy
monitored.
When the Museum was able to re open measures were put in place lo ensure that the Museum wa5 a safe place
for visitors. staff and volunteers. In post-pandemic opening we have retained safety Screens in the shop and tea
rooms. hand saniliser points across the sile and enhanced cleaning throughout the site.
Page 3

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guaranta8)
TRUSTEES. REPORT ICONTSNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
Financial Review
a. Going Concern
CovTd 19 Stslement - the 2021 Accounts were signfficanuy affected by the global pandemic and ong¢ing
after-effecl5.
The Trustees hava baan dealing with the major impact of Covid 19 and the associated restrictions on staff
and visitors. all through 2021.
The Trustee sub group (Recovery Working Group) continued its work in support of the new Director,
meeting regularly to monitor progress.
The Trustees have continued to mak8 very ¢Jifficult decisions to ensure going concern basis in
unprecedentedly difficult and uncertain limes. In February 2021 all bul one member of the senlor stsff was
made redundant. After a new Director, Zoe Willems, was appointed in February 2021. new staff have only
been recruited within the scope of existing fijnding and on a Cautious planning basis.
We were pleased to receive significant support from the Cultural Recovery Fund Grant through the Arts
Council in 2020 and 2021. These grants have been vital to the Museum remaining a going concem and plan
for future recovery and growth.
The Trustees have been pleased al the support of visitors, members and many supporters who have
attended the Museum during our limvced opening in 2021 and this income ha5 contributed to our ability to
remain open and plan for the ftjture.
While many uncertainti8s ramain for planning ahead, not least due to the cost of living crisis, the Trustees
are confident that the Director has adopted a cautious and monitored approach to recovery that wlll not over-
engage the limited resources available.
For the first time in many years, the museum did not need to draw on our overdraft facility over the wnler
months of 2021122, and it is not antjcipated thal it wll do so for 2022123 either.
Al the dale these accounts are signed the Trustees are confident the Museum remains a going concern at
least a further 24 rnonths. During this time the Trustees and Staff will conunue lo work tirelessly to 8stsblish
new funding sources and a viable long term future.
b. Reserves poll¢y
The Museum's reserves policy is lo hold sufficient rgserves to cover salaries and costs for six months. While we
have mat this tsrgat in 2021, this is partly due lo low costs of a skeleton 51aff team. Therefore the level of
reserves will need to grow 8S the stsff team grows through the next two years of recovery.
The Trustees monitor the financial risk of the organisation on a bi monthly basis, manage a risk register for the
Museum and assess the ongoing perfomiance of both the Museum and its trading company on a monthly basis
through management accounts.
At 31st December 2021 the Museum had reserves of £1.031.010 1£996.407 in 20201 of which £57.270 were
reslricled1£51.270 in 20201.
During the course of 2020 and e8dy 2021, due to the unprecedented circumstsnces of the pandemic. Trustees
made the decislon to undesignate all funds except restricted funds.
Inlemal and extemal factors
The Museum operates in a rapidly changlno environment to whith market conditions and legislation regularfy
Introduce new challenges. The Museum considers its position al bimonthly Trustees. meetings and develops
policies designed lo make ils longlerm financial position as secure as possible.
Page 4

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantsèl
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
d. Prin¢ipal funding sourcos
The principal funding sources for Avoncroft Museum are paid admissions, annual membership. event charges.
donations, the provision of leaming programmes, as well as grants from other bodies and individuals. There is
81so an annual transfer of profrt frorn ils trading subsidiary, Avoncroft Enterprises Ltd. through which tearoom.
shop and functions create trading incomo.
e. Investment pollcy and obJectlvoS
The only sums available lo invest are those for the lime ￿l￿g in the reslricled funds account. and those are in
cash at bank, in fixed assets and in stock. The policy is lo use these funds to generate additional income whefe
possible. bul froedom of action is limited by the need lo draw on these funds at frequent inteNals lo finance the
projects for which the resources were acquired.
f. Plans for future periods
Trustees and the Museum's rnanagement team have agreed that, lollowing such 8 dr8malic slep change in the
museum's fortunes due to the pandemic, a slow. solid recovery Ss deslrable. Our Ihree-year plan Is base(i
around=
2022
Groundworks
rebuilding systems and visitor offer lo provide a stable basis for.. 2023 - Good
Foundations
increasing ViSTlor numbers and earned income. improving the condition and presgntatson of
heritage assets.. Rebuilding- full commercial offer within context to agreed strategic direction.
Structure. Govemance and Managèment
a. Govornlng document
The Charity is controlled by its goveming document, a Memorandum and ArtiGles of Association, and con51itules
a charitable company, limited by guarantee. as defined by the Companies Act 2006.
b. Oryanlsatlonal stru¢tur•
Policy and strategic management controls are retained by the Trustees and the overall njnnlng and management
of the Museum is undertaken by the Senior Staff.
The Museum employed 14 paid staff at the end of 2021 lof which 4 were non-casual staff Sncludlng a mix of full-
lime and part-lime permanent staff and agency staffj..
c. Volunteers
The Museum Is supported by a learn of volunteers who undertake numerous roles at the Museum including
Inlerprelalion, maintenance. cataloguing, gardening, marketing, fundraising etc. Volunteering was significantly
impacted by the COVID-19 pandgmic, with vdunteers unable to come in durin9 lockdown restrictions. Tèduced
capacity to manage volunteers with slgnrficandy reduced staffing, and some volunteers feeling unable to return
on¢e the museurn was able lo reopen. The volunteers who do continue lo provide Ihelr lim8 are vital to the
ongoing running of the museum, and further recruitment will bg a priority during the recovery period. There are
90 who give Iheir lime free of charge but are able to reclaim their travel expenses.
d. Wldor n•twork
The Museum works wthin an informal ne￿ork of public and charitable museum5 in Worcestershire, the Wesl
Midlands and the wider UK. 11 is a member of a number of voluntary bodies such as the Association of
Independent Museums and tourism b￿leS such as Visit Worcestershire. It receives no regular support from
local authorities and relies entirely on funds generated from admissions, trading and grant aid from other relevant
Page 5

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A Company Ilmlt•d by guarantsel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
charities.
o. Related partlas
Avoncroft Enterprises Limited is a wholly owned subsidiary of the Charitable Company. The principal activity of
Avoncroft Enterprises is to provide trading services to Avoncroft Museum of Historic Buildings.
f. Recrultment and appolntment of new Trustees
The Trustees are elected al an Annual General Meeting for a period of three years at which point they must
retire and seek re-election. The Trusloes provide their services free of charge.
g. Election of Trustees
Peter Richmond. David Robinson and Peter Reilly were cwpled as Trustees during 2020 and confirmed at the
delayed 2019 AGM in April 2021.
Members r&elected Kathy Ge8. Andrew Hurley and Michael Woolley at Ihg delaygd 2019 AGM in April 2021 for
further three-y8ar tem.
Adele Cope was c¢>optsd 88 Trustee in October 2021 and confirmed by member5 al the AGM in NOVem￿r
2021.
Sue Pope was Cowopled as Trustee in December 2021
After the year end bul before the preparation of thi5 report Michael Woolley and Nick Psirides stood down as
Trustees. Kathy Gee became the Chair of Trustees, and Mark Amistrong becarne the Vice-chair.
h. Inductlon tralnlng for new Trustga$
Appropriatg training relating to Trustoes, responsibilities is given to new Trustees on appointment.
ststement of Trustees, responsibilities
The Trustees (who are also directors of Avoncroft Museum of Historic Buildings for the purposes of company
lawl are responsible for preparing the Trustees Annual Report linduding the Strategic Plan) and the financial
slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial slalemenls for each financial year which give a true and
fair view of the slate of affalrs of the charitable company and of the Incomlng resources and applicat￿n of
resources, including the income and expenditure of the charitable cornpany for that period. In preparing those
financial statem&nts. the Trustaas are required to=
select su¢table accounting policies and then apply them consislenlly
observe the methods and principles of the Chaflties SORP 2015 IFRS 1021
make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disdosed and explained in the financial statements
prepare thg financial slalements on the going concem basis unless it is inappropriate lo presume that thg
company will continue in operatSon
The Trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at
any time the finanaal position of the Company and enable them to ensure that the finanryal ststemenls comply
Page 6

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlt•d by guarantsel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
wlh the Charities Act 2011. They are also responsible for safeguarding the assets ol the Charitable Company
and hence for taking ￿asonable steps for prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on
behalf by.
and signed on their
Kathy G88
Deputy Chair ol Trustees at 30th December 2021
Chair of Trustees from April 2022
Page 7

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company limited by guarantèe)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Independent Examlner's Report lo the Tru$tg0s of Avoncroft Musoum of Hlstorle Bulldings {Ihe
Group'l
I report to the charity Trustees on my examination of the consolidated accounts of the Group comprising the
Avoncroft Museum of Historic Buildings I'the parent Companll and ils subsidiary undertakings for the year
ended 31 December 2021.
Rasponsibilities and Basis of Report
As the Truste8s of the parent Company land ils directors for the purposes of company lawl you are responsible
for the preparation of the consolidated accounts of the Group in accordance with the requirefnents of the
Companies Act 20061'lhe 2006 Acl'l and you have chosen lo prepare consolidated accounts for the Group. You
are satisfied that the accounts of both parent Company and the Group are not r&quired by either Company or
charity law to be audited and have chosen instead lo have an independent examination.
Havlng satlsfied mysew that the consolidated accounts a￿ not reqUI￿d to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my exarninalion of the Group's accounts
carried out under section 1 $2 of the Charities Act 2011 1'lh& 2011 A¢VI. In Carrwng out my eXaminat￿n I have
followed the Directions given by the Charity Commission under Section 15215)Ibl of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required In an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The
plannlng and conduct of an audll goes beyond the limited assurance that an independent examination can
provide. Consequently l express no tsplion as to whether the consolidated acwunls present a 'lru8 and fairf view
and my report is limited lo those specrfic matters set out in the independent examiner's Statement.
Independent Examlnerfs Statement
Since the Trustees have opted to prepare consolidated accounts for the Group your examiner musl be a
member of a body listed in se¢tion 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination
because l am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in conn8Ction wlh the
examination giving me CAuse to believe..
accounting records wer& not kept in respect of the parent Company and ils subsidiaries as required by
section 386 of the 2006 Act; or
the accounts do not accord wsth those records,. or
the accounts do not comply wth the accountsng requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fairf view which is not a matteT considered as part of
an Independent examin8Uon'. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charhles lapplicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021.
I have no concern5 and have come 8¢ross rKJ Other mallers in ¢onn8Ction with th8 examinatson lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Companvs Trustees, as a body. In accordance with Part 4 of the Charities
Page 8

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlt•d by guarantetrl
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
(Accounts and Reports) Regulations 2008. My work has bean undertaken so that I mwhl state lo the Companls
Trustees those matters l am required lo slate to them in an Indgpendenl examiner's report and for no other
purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility lo anyone other than the
parent Company and the Companls Trustees as a body. for my work or for this report.
Signed:
Kery Brown
Crowe U.K. LLP
Chartered Accountants
Black Country House
Rounds Green Road
Oldbury
Wesl Midlands
B69 2DG
Dated: 28 September 2022
FCA
Page 9

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 310ECEMBER 2021
Unreytricted
funds
2021
Rostrict8d
funds
2021
Totsl
funds
2021
Total
funds
2020
Not•
Income from:
Donations and legacies
Charitable activits'es
other trading a¢tivili8s
Investments
228,442
113.787
116.1S7
7.600
6,000
234,442
113.787
116,157
7,600
553,808
51,467
31.152
12.991
Total income
465.986
6.000
471,986
649,418
Expènditure on..
Raising funds
Charitable activities
214
435.647
214
435,647
398.570
Totsl expenditure
435,861
435,861
398.570
Net Income before taxatlon
Taxation
30,125
(1.5221
6,000
36,125
{1.5221
250.848
11.382
12
Net movement In funds
28.603
6,000
34.603
262,230
Reeonclllation of funds:
Total funds brought forward
Nel movemenl in funds
945.137
28.603
51,270
6,000
996.407
34,603
734. 177
262,230
Total funds carried forward
973.740
57,270
1.031.010
996,407
The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 52 form part of these financial ststements.
Page 10

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA Company Ilmlted by guaranteel
REGISTERED NUMBER: 00830659
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Flxed assets
Intsngible assets
Tangible assets
Heritage assets
13
14
15
3,840
364.090
413.746
349.817
413.218
763,035
787,676
Currant ass•ts
Stocks
Debtors
Cash at bank and in hand
17
18
41
26,882
332,460
17,357
293,549
359,383
311. 106
Creditors: amounts falling due within one
year
19
191,4081
(96,375)
Nèt curr•nt assets
267,975
214, 731
Total assets less Current Ilabllltles
1.031.010
996,407
Net assets excluding penslon asset
1,031.010
996,407
Total nel as$?ts
1.031.010
996,407
Charlty ftinds
Restricted funds:
Restricted funds
57,270
51.270
Total rgslriclod funds
Unrestricted funds
57.270
973.740
57,270
945,737
Total funds
1,031,010
996,407
The Company was en￿lled lo exempllon from audit under section 477 of thg Cornpanies Act 2006.
The membgrs havo not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responslbSlllle8 for complOng with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
Page11

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmltod by guarante8}
REGISTERED NUMBER: 00830659
CONSOUDATED BALANCE SHEET ICONTINUEDI
AS AT 31 DECEMBER 2021
The financial statements have been prepared in accordance with the provisions applicablg 10 gnlib'es subject lo
the small companies regime.
The finan¢i81 slalements were approved and authorised for issue by the Trustee3 on
and signed on their behalf by..
KGee
Deputy Chair of Trustees at 30th Docember 2021
Chair of Trustees from April 2022
The notes on pages 16 10 52 form part of these financial statements.
Page 12

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guarantee)
REGISTERED NUMBER.. 00830659
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Fixed assets
Intangiblg assets
Tanglble assets
Heritage assets
Investments
13
3,840
360,295
413.746
8.000
14
344.424
413.218
8,000
15
16
765.642
785,881
Current assets
Debtors
Cash al b8nk and in hand
18
31,743
291,434
34,012
264,950
323,177
298.962
CrediloTS'. amounts falling due within one
year
19
{47.612)
(68,698J
N•t current assets
275.565
230.264
Total assets less currgnt Ilabllltl•$
1.041.207
1,016.145
Not a$$ets ¢xcludlng pension asset
1,041,207
1,016, 145
Total net a5set5
1.041,207
1,076, 145
Charity funds
Restricted funds..
Total restricted funds
UnTeslricted funds
57.270
51,270
Designated funds
General funds
324,242
640,633
983,937
Total unrestricted funds
983.937
964,875
Total funds
1.041.207
1.016, 145
The Company was enlilled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtsin an audit for the year in question in accordance with
section 476 of Companies Act 2006.
Page 13

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlt•d by guarants8)
REGISTERED NUMBER: 00830659
COMPANY BALANCE SHEET {CONTINUEDI
AS AT 31 DECEMBER 2021
The Trustees acknowledge their responsibilities for wmplying with the requirements of the Act wf(h respect to
accounting records and preparation of financial slatemenls.
The financial ststemen15 have been prepared in accordance with the provisions applicable lo enlilies subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on
and signed on their behalf by..
£I.9.20
KGee
Oepuly Chair of Trustees at 30th December 2021
Chair of Trustees from April 2022
The notes on pages 16 10 52 form part of these financial slalemenls.
Page 14

AVONCROFT MUSEUM OF HISTORIC 8UILDINGS
IA Company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Cash flows from operating activities
Nel cash used in operating activities
44,380
304,472
Cash flows from Investlng actlvltles
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Puchase of heritage assets
552
(28.912J
14.5691
19001
Nèt cash used In investlng actlvrtles
15.469)
(28.3601
Change In Cash and cash equlvalents in the year
Cash and cash equivalents al the beginning of the year
38.911
276,112
293,549
17,437
Cash and ¢a$h gqulvalents at the end of tho year
332,460
293,549
The notes on pages 16 10 52 fomi part of these financial statements
Page 15

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
G8ngral informatlon
The Avoncroft Museum of Historic Buildings is a company limited by guarantee in England, whose
registered office is Stoke Heath, Bromsgrove. Worceslershife, 860 4JR. The companys registered
number is 0080659 and ils charity registration number is 241644. The mernbers of the company are the
Trustees named on page 1. In the event of the Avoncroft Museum of Historic Buildings being wound up,
the liability in respect of the guarantee is limited lo £1 per memb9r of the Avoncroft Musgum ol Historic
Buildings.
Ac¢ountlng pollcks
2.1 Basls of preparation of flnanclal statements
Tha financial statèments havg been p￿pared in accordance with the Charities SORP IFRS 1021
A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Rèporting Standard appli¢abl8 in thè UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applirable in the UK and Rgpublic of Ireland IFRS 1021 and the Companies Act 2006.
Avoncroft Museum of Historic Buildings neets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical cost gr transaction value unless otherwise
staled in the relevant accounting policy.
The Consolidated st81emenl of financial activities {SOFAI and Consolidated balance sheet
consolidate the flnanclal statements of the Company and ils subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The Company has taken advantsge of the èxemption allowed under section 408 of the Companies
Act 2006 and has not presented its own Statement of financial activities in these financial 5ts1emenls.
Page 16

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantoe}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng policies {continuod)
2.2 Going concern
The Trustees have a reasonable expectstion that the Charity has adequate resources to continue in
operational existence for the foreseeable future.
The Museum underwent a significant reslrucluring in February 2021. the costs of which were cOVe￿d
by the Museums successful CRF Grant Application in 2020.
A new Director was successfully recruited In February 2021 and Wofked wth the Trustees lo
develop an emergency operating model lo enable reopèning in May 2021.
All other costs during 2021 were covered by a mixturg of further CRF funding from Arts Council
England. donations and grants, plus eamed income through admi55ions, tearwm and shop sales,
and the ability to ￿¢0mMence commercial hire of Guesten Hall for weddings and other functions.
A cautious budget and business plan has been developed for 2022-24, which allows for 8 small
operational deficit and investment in underlying systems in 2022 vwhi18 maintaining sufficient planned
reserves so that the museum will not require use of the agreed overdraft facility for Winter 2022123.
Budgets are being developed for the rest of the business planning cycle which will aim lo maintain
minimum reserves as per reserves policy.
There are no material GOn￿rnS about the Museums abillty to contlnue and therefore the accounts
havg bgen prepared on a golng concern basls.
2.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
rtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that hav8 been sel aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the r￿leS to the financial
stslemenls.
Restricted funds are funds which are lo bè used in accordance with spedfic reslrSclSons Imposed by
donors or which have been raised by the Group for particular purposes. The costs of ralslng and
administering such funds are Charged against the specific fund. The aim and use of each Teslricted
nd is set out in the notes lo the financial statements.
Page 17

AvONCR0￿ MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlt•d by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting pollcias {contlnugd)
2.4 In¢ome
AJI income is recognised (￿ce the Company has enlillement lo the income, il is probable that the
income will be received and the amount of income receivable Gan be measured reliably.
Grants are included in the Consolidated statement ol financial activities on a re￿1vable basis. The
balance of income received for specific purposes but not expende(I during the period is shown in the
relevant funds on the Balance sheet. Where income is received in advance of entiuement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is recelved, the Income Is accrued.
Income tax recoverable in relation to inveslmènl income is recognised at the time the investment
income is receivable.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
lo a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount ol the obligats'on can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of dire¢t costs and shared costs, including support costs
involved in undertaklng each activity. Direct costs attributable to a single activity arg allocated directty
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consislenl with
the uso of resources. Central staff ¢osts are allocated on the basis of time spent, and depreciation
charge5 allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on direclly undertaking the activitles which ftjther the
Group's objectives, as well as any associated support costs.
l expenditure is inclusive of irrecovgrablg VAT.
2.6 Taxation
The Charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore (( meets the definition of 8 charStable company for UK corporation tax purposes.
Accordingly, the Company is potentially exernpl from taxation in r8spe¢l of in¢ome or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively lo charitabl8 purposes.
The trad￿n9 subsidiary CAJmpany makes a qual￿ng donation of all taxable profits lo the Charity as
long as available funds permit. The tax charge present in the accounts relates to the the taxable
profits of the trading subsidiary thich We￿ not able lo be donated.
2.7 Intangible assets and amortisation
Intangible assets ara initially recognised at cost. After recognition. under the cost model, intangible
assets are measured at cost less any accumulated aM0￿$all0￿ and any accumulated impairment
losses.
Amortisation is Pfovided on intangible assets al rates calculated lo write off the cost of each asset on
a stralghl-line basis over its expected useful lrfe.
Page 18

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng pollcles Icontinuedl
2.7 Intangible assets and amorti$atlon {¢ontinuedl
The estimated useful lives are as follows..
Computer software
3 years
2.8 Tangible fixed assets and depreclatlon
Tangible fixed assets are Inlllally iecognised al cost. After recognition. under the cost model. tangiblè
fixed assets are measured at cost less accumulatod depreciation and any accumulated impairmgnt
losses. All cos15 incurred lo bring a langibla fixgd asset into its intended working condllion should be
included in the measurement of cost.
Depreciation is charged $0 as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the straight-line method.
Depreciation is provided on the follc)wing bases..
Freehold propety
211/D and 8.33Yo slraighl line
Equipment and machinery
10¥0 and 25Vo Straight line
Other fixed assets (Play Area) 5% slraighl line
2.9 Hgrltage a$$ets
Heritage assets are recognised on the balance sheet and initially measured at cost when purchased
or if donated, their valuation. Assets are subsequently ststed at cost or valuation less a￿umUlated
depreciation and accumLJlated impaimienl losses. Fair value for donated assets are estimated by
reference to market prices.
Where information on the cost or valuats'on of heritage assets is not available or the cost of providing
such information significantly 0￿￿e1gh$ any ben8fit lo the users of the accounts then heritage assets
are not re￿gnIsed on the balance sheet.
Assets wlll be preservèd by the charity in order to keep thelr histori¢81, artistlc, scienllfic,
technological, geophysical or environmental qualities to such a high level as lo contribute to
knO¥￿edge and culture. A register of all assets held by the charity is available and the assets
themselves are accessible lo the public wi(h prior agreement. Heritage assets are to be held for the
foreseeable future.
Heritage assets are not depreciated as their useful life is indeffinrte with one exception. Forge
Collagg. which has partial commercial use and is deprecmaled on a 2'h straight line basis.
Page 19

AvONCR0￿ MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlt8d by guarant•o)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ountlng pollcles Icontlnuèdl
2.10 Investments
Fixed asso1 investments a￿ a fomi of financial instrument and are initially ￿cogniSed at their
transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured al cost less impaimienl. Investment gains
and losses, whether realisod or unrealised, are cofflbined and presented as 'GainsllL05ses} on
inveslmenls. in the Consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impaimient.
2.11 Intorost r•¢elvable
Intere51 on fund5 held on deposit is included when receivable and the amount can be measured
reliably by the Group., this is nomially upon nolificalion of the interest paid or payable by the institsjtion
with whom the fuThJs are deposited.
2.12 Operating leases
Rentsls pahl under operating kases are charged to the Consolidated statement of financial activities
on a straight line basis over the lease temi.
2.13 Stocks
Stocks are valued at the lower of Cost and net realisable value after maklng due allowancg for
obsolete and slow-moving str￿kS. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.14 Flnanclal Instruments
Dabtors
Short term debtors are rnea5ured al transaction price. less any impairment.
Creditors
Short lefm croditors aro measurgd at Iransaclion price.
Ca$h
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty
on notice of not more than 24 hours.
Ther8 are no complex financial instruments.
2.15 Pension5
The Group operates o defined contribution pension scheme and the pension charge represents the
amounts payable by the Group lo the fund in respect of the year.
2.16 Rolo of voluntoors
The charity religs on the gfforts of ils 90 volunteors. The valL¢e of these volunteers is not incorporated
wthin the accounts.
Page 20

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA Company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2021
Critical accounting 8stimate$ and aroa$ of Judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed lo be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
Donation of equipment hire
(ill tkjnalion of professional services
In accordance with the Charities SORP FRS 102. the charlty has valued the benefit it recelves from
donated services as £Nil12020 - £Nill. This Is based on the open market value of the benofils received.
Page 21

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guarant•el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
In¢om• from donatlons and lega¢l•$
Unrestrlcted Restrfcted
funds
funds
2021
2021
Total
fund5
2021
Donations
Grants
Government grants
Gift aid
63,957
143,559
13,080
7.846
6,000
69.957
143,559
13.080
228,442
6.000
234,442
Unrestricted
funds
2020
Restricted
funds
2020
Total
funds
2020
Donatlons
Grants
Government grants
Gift aid
67,047
701, 149
235,212
3.000
67,047
248,549
235,212
147,400
406,408
147,400
553.808
Income from charltable activities
Unrestrlcted
funds
2021
Total
funds
2021
Tot81
funds
2020
Events income
Teaching - Schools and Adult Education
Memberships
Admissions
1,082
9,028
14.713
88.964
1,082
9,028
14,713
88,964
400
11,663
39,404
113,787
113,787
51,467
P8ge 22

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA Company Ilmlted by guaranteol
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Fundralslng Income
Incorne from fundralslng events
Unro$trlctsd
funds
2021
Total
fvnds
2021
Total
fvnds
2020
Fundraising inco
32
Incomo from non charitabl8 trading acllvltles
Unrestrl¢ted
funds
2021
Total
funds
2021
Tot81
funds
2020
Sales
Room hire
Other trading income
52,449
49,660
13.994
52,449
49,660
13,994
19,203
10,407
1,510
116.103
116,103
31, 120
Investmont Income
Unr•strict8d
fund$
2021
T¢tsl
fund5
2021
Total
fvnds
2020
Rentsl income
Deposit account interest
7.328
272
7.328
272
12,439
552
7.600
7,600
12,99t
Page 23

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysls of •xpendlture by a¢tlvltles
Support
¢ost$
2021
Totsl
funds
2021
rotèl
lunds
2020
Costs of operating museum
435,647
435,647
398,570
Page 24

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysls of expenditure by actlvltles Icontlnu•dl
Analys1$ of support costs
Total
fund$
2021
Total
fvnds
2020
Stsff costs
DepreCiat￿n
Teaching courses
Demonslralor costs
Events
Web desSgn, SO￿are and IT support
Rent and rates
Insurance
Light, heat and water
Telephone and stslionary
Visitor service expendituie
Promotion and publicity
Conservation, maintenance and cleaning
Travel
Volunteer expenses
Collection managernent
Sundries
Bank interest
209,600
20,270
556
245,081
16,594
(664)
12
205
4.891
10.350
3.043
22,413
23,751
6.477
(1,255)
4,106
3,043
18,299
13,445
6,178
2,464
10,188
23.894
22,779
48,406
191
520
428
202
6,711
3,847
5,197
2,580
6,255
7,919
701
3,840
20.099
4,818
1,500
6.724
5.180
2.678
6,025
423
Bank charges
Independent examiners fee
Accountsncy fees
Professional fees
Trustee expenses
Amorbsalion
Purchases
31.007
435,647
398,570
Page 25

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmltod by guaranto81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Independent 6xamin8r's romunoration
2021
2020
Fees payable to the Companls independent examiner for the independent
examination of the Company's annual accounts
Fees payable lo the Compan15 independent examiner in respect of-.
All other services not included above
2,600
2.580
5,258
6,255
10. Staff costs
Group
2021
Group
2020
Company
2021
Company
2020
Wages and salaries
Social security costs
Other pension costs
198.842
4.946
6.026
233,937
4,229
6,915
163,235
4.531
5.336
141,058
3,289
5.173
209,814
245.081
173,102
149,520
The average number of persons employed by the Company during the year was as follows=
Group
2021
No.
Gmup
2020
No.
Staff
28
30
No employee received ￿MuneratiOn amounlirrfJ lo more than £60,000 in eiiher year.
The key management personnel consists of the trustees, Museum Director, Deputy Museum Director and
Commercial Manager. The total remuneration paid to the key management personnel was £59.39212020
£49,249).
11.
Trust8•s' romunèration and axpensos
During the year, no Trustees received any remuneration or other benefits (2020- £NIL).
During the year ended 31 December 2021. expenses totalling £NIL were reimbursed or paid diredy to
Trusleos (2020- £701).
Pa￿ 26

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
12. Taxation
2021
2020
Corporatlon tax
Current tax on net income for the year
(7, 149)
Origination and reversal of tim￿9 differen¢&s
Changes to tax rates
2.859
11.337)
(4,233)
Total deferred tax
1.522
(4.233)
Taxatlon on net Income
1.522
(11,382)
Thgre w8re no factors that affected the tax charge f¢x the year which has been calculated on ng1 income
al th¢ stsndard rale of corporation tax in the UK of 190/ts (2020- 19Y4J.
In March 2020 the UK Government announ￿ an increase in the UK Corporation Tax headline rate lo
25¥0 With effect from 1 April 2023.
Page 27

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmltsd by guarant•è}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13. Intanglble assets
Group and Company
C¢mputsr
$¢ftware
Cost
Al 1 January 2021
11.520
Al 31 December 2021
11,520
Amortlsatlon
Al 1 January 2021
Charge for the year
7,680
At 31 December 2021
11,520
N•t book valuo
Al 31 December 2021
At 31 December 2020
3.840
Page 28

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmllod by guaranto81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Tanglble flxed assets
Group
Equlpmanl Othor flxed
and assets (Play
machinery
Aroal
Fr••hold
property
Total
Cost or valuatlon
At 1 January 2021
Addllions
467.296
131,397
4.569
642,136
4,569
Al 31 December 2021
467,296
135.966
43A43
646,705
Depreciation
Al 1 January 2021
Charge for the year
163,386
7,138
97,276
10.149
17,384
1.557
278,046
18.842
Al 31 0￿mber2021
170.522
107.425
18.941
296.888
Net book value
Al 31 December 2021
296,774
28,541
24.502
349.817
At 31 December 2020
303,910
34, 121
26,059
364.090
Page 29

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlt•d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Tanglblo flxgd assots Icontlnuedl
Company
Equlpment Other Ilxed
and assets (Play
Ma¢hlnery
Area}
Freohold
proporty
Total
Cost or valuatl¢n
Al 1 January 2021
Additions
465,136
101,759
2,034
610,338
2,034
At 31 December 2021
465.136
103.793
612,372
Depreclatlon
At 1 January 2021
Charge for the year
161,226
7,136
71A33
9212
17,384
1.557
250,043
17,905
At 31 December 2021
168.362
80,645
18,941
267.948
Net book value
At 31 December 2021
296.774
23,148
24.502
344,424
Al 31 December 2020
303,910
30,326
28,059
360,295
Page 30

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A Company Ilmltad by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Herftage assets
Group and Company
Assets re¢ogni5ed at cost
Heritage
assets
2021
Caryng value al 1 January 2021
Additions
413,746
900
11,4281
Depreciation
413,218
Two assets included in Heritage Assets were revalued on 31 December 1994 by John Sanders F.R.l.C.S
Chartered Surveyor.
If Heritage Assets had not previously been revalued they would have been included at cost of £333,170
12020- £332.2701 and accumulated depreciation of £23.16112020- £22.3331.
A revaluation reserve of £102,410 {2020- £103,009) relating to these assets Is Included in general fvnds.
Tanglblg flxgd assets- horltag• assets on Balance Sheet
The followng items are now on the Museum's balance sheet as heritage assgts..
Hgrltagè Asset
Year of addition
Amount to dato
Forge Cottage
Hill End Cottage
Hill Croome Dovecote
Dormston Dovecote
Anderson Shelter
Threshlng machine
Airing Court Shelter
Nai1gTS Cottage
Air-raid Shelter from Dudley
Timber-frarned coaalage from Sneachill
Timber-frame barn from Dordon
Telephone kiosk (Norwich type)
Cricket Pavillion
Thresher's Barn Thatched Roof
1994
1994
2001
2001
2008
2010
2012
2012
2013
2014
2016
2018
£71,400
£102,000
£2,341
£2,957
£1,406
£1,064
£24,124
£216,239
£600
£18,836
£360
£800
-1 I
2019
2021
£15,1100
£900
Total
£4S6.027
Page 31

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A Company Ilmlt•d by guarante•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Dl$posals
No disposals from the collection were undertaken in year.
Four year financial summary of heritage asset transactions..
2018
2019
2020
2021
Carrwng amount at beginning of
reporting period
Addibons
£431,966 £440,127 £458,627 £458,627
£8.161
£18.500
£0
£900
Disposals
£0
£0
£0
£0
DeprecAalionlimpairment
£0
£0
£0
£0
Re-valuation
£0
£0
£0
£0
Carrwng amount at reporting dale
£440,127 £458,627 £458,627 £459,257
A number of small domestic and other objects were donated in year however, no item which could be
regarded significant or valuable, and so there are rso additions to the heritage assets disdosure
The Museum's heritage assets fall into the folk)wing ¢alegories'.
Historic buildings
The ¢olleclion of historic bulldings is sutrpdivldgd into the following thre8 categories..
Historic buildings rescued and rewerecfed on the Museum S site
This collection consists of 30 historic buildings and structures which date from betsveen the 1330s and
lale-20th ￿ntury and which have been rescued and re-erecled as part of the Museum's collection at ils
Stoke Heath sile.
Each have their own historic significance, however, most notable among them from a rarity or uniqueness
value arg thè Guèsten Hall Roof - a structur8 dating from the 1330s which was the roof to the Prior of
Worcesterfs great hall where he entertained guests, the National Telephon8 Kiosk collèction - a unique
collection of every type of GPO and BT telephone klosks used since the 19205 with additional police, AA
and RAC boxes, and the medieval Town House from Bromsgrove, a c1450 house which was the first
Avoncroft exhibit and thereforg the first exhibit lo be rescued by an open-air Museum in England.
Most of this collection are single buildings, though some are part-buildings or structures (Plas Cathlgan &
Fibreglass spire) while one is a collection of struCtu￿S INational Telephone Kiosk Colleclionl.
Page 32

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees do not consider that reliable cost or valuation infomiation can be obtained for the majority of
the hislDriC buildings because by their very exislenco in having lo be res¢ued and brought lo Avoncroft
Museum because of red(Jndan¢y they have an intsngible market value. Vvhereas most may have had a
market value in their original 511ualion had they survived there. this will be significantly different now they
are collected together al Avoncroft.
The Museum does not therefore recognise these as5et5 on its Balance Sheet. other than recent
acquisitions which are reported at cost, where the object is purchased, or al the Museum Direclorfs best
estimates of current value where the object is donated. The Cost of any recent improvements lo assets
whose cost is not recognised on the balance sheet will be treated as an addition to the reported Cost of
assets on the balance sheet.
The Museum is therefore reporting these holdings based on original cost with any improvements costs
incurred classed as additions in year. However, any maintenance costs inCU￿d in the year are expensed
in the statement of financial activities and not capitalised on the balance sheet as these costs are incurred
to presgrve the original stste of the buildirwj.
The Trustees consider all of thes9 exhibits have an indefinite life and does not therefore depreciate them.
Page 33

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Herltage assets lcontlnuedl
Heritage Assets- Historic Buildings reorected at the Museum
PAlditions in
Cost
3111212021
Maintenance
Costs In
3111212020
Medbewdl Tov
H)use
Plas Caokngan
(knsten Hall
£6,523
£6,523
£13.504
£619.935
£28,586
£988
£13.504
£619,935
£28,586
Windmill
11s￿)p
Chainshop
Granary
£3.436
£1.776
£3,436
£1,776
String of HJrse5
£89,698
£89,698
Threshing Barn
Cockpit
cL￿nI1￿j Pkxjse
Racksaw
£10.255
£44,639
£10,255
£44,639
£7,021
£15.577
£15,732
£13.869
£29,937
£30,315
£25,306
£31,347
£44.764
£46,462
£42,241
£166,198
£59,533
£45,340
£7.021
£15.577
£15.732
£13.869
£29.937
£30.315
£25,306
£31,347
£44,764
£46,462
£42.241
£166,198
£59.533
£45.340
Stab
Wagon Shed
Prefab
Icehouse
Pri
D0￿Cote
Tol Pkwse
Cdl Bknk
Perry Mill
Telephone lfjosks
Missicm Church
Fibreglass Spire
£1,392,982
£1,392.982
£0
Page 34

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
'Mainlenance costs in the year are expensed through the stalernent of financial activities. In 2021
Avoncroft has undertaken limited maintenance spend as the museum emerged frorn the Covid-19
shutdown and needed to ￿vIeW priorities and requirements and re-build capacity lo undertake essential
and preventive maintenance.
In addib'on. the Trustees consider Forge Cottage, an 181h-century timber-framed house with attached
farrier's forge which was rescued from Wellington, He￿f0rdshIie as a heritage asset. Although 'principally
held for its contribution lo kn¢)wledge and culture,, approxirnalely 800/0 of the building is currently used for
OffI￿S and the Museum's Library and Archives, so the Trustees will depreciate this building at 20/. per
annum with a residual value of 40%. Visits to the building to consult the Library and Archive are available
lo the public by appointment.
At the point the majority of the building is used for its heritage value. il will be considered solely a heritage
asset. and at that point wouhl cease to depreciate.
Two other heritsge assets, the Gueslen Hall roof and the String of Horses buildings currently provide an
element of commercial use. The Gueslen Hall is open lo the public as an exhibit for more than 85¥0 of the
me during Museum opening hours and is used for approximately 25 weddings and S conferences a year.
The String of Horses uses about 25°h of its space for the Museum's Edwardian Tea Room and further
areas are used for offices, storage and other museum functions. The Trustees consider that both are held
principalty for their use as a Herltage Assets an(1 thelr historlcal contribution to kn￿edge and culture.
Historic buildings restored In￿ltU and owned freehold away from the Museum
As well as rescuing buildings and mowng them lo the Museum, Avoncroft in ils eady ￿arS restored
several redundant buildings or structures in silu, and in some cases acquired these as freehold propert¢es.
Two buildingslslruetures are still held on this basis.
A box limber-framed dovecotg originally part of the Moat Fami. Domislon. Worceslorshire. Cost
£2,341. Owned freehold
bl
A cruck limber-framed dovecote at Glebe Farm, Hill Croome. Worcestershire. Cost £2,957.
¢￿ned freehold
The Museum considers these assets lo have ind8finil8 life and therefore does not depreciate Ihern.
although they are accounted for on the balance sheeL
Historic buildings in the course ol reoredion on the Museum's sile or stored in anticipation of
re-erection in the future
Page 35

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A Company Ilmited by guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Herltage assets Icontlnued}
1]
Nail¢r'$ Cottag•
A project to rescue a mid-19th century cottage, representative of those built for the Bromsgrove nailing
trade, began in 2012 following permission lo demolish il had been granted. A Your Heritage Lottery Grant
enabled the dismantling of the building, and in 2014 Phase l of the rewerection began al Avoncroft. Re
(x)nslruction of the Cottage was completed in 2019, and it was opened lo visitors for the first lime in 2020.
Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Project costs
28,235
114,502
5,836
48,896
7,198
3,500
Total to date
217,739
The project incurred costs whlch arg accounted for on the balance sheet under the acquisition of a new
heritage asset. Phase11 of the projgd, lo complete the intoriof of the rescued building began in 2017 and
was completed in 2020, with the building opening to the public during the Autumn. After significant
damage during the vandalism of May 2021 the cottage had lo be closed again to enable repairs and re-
dressing. 11 was open again to visitors from Autumn 2021 onwards.
Tirnber-framed ¢ottage r•s¢uod from Snoa¢hlll, Worcestorshiro
Following the granting of demolition pem)ission, Avoncroft negotiated with the owner over the dismantling
and rescue ol a timber-framed cottage believed lo date from the lale-171h or 18th century ¥Mth substsnlial
brick additions dating from the middleth19th century.
The cottage was dismantled during Septembor and Octobgr 2014.
Year
2014
2015
2016
2017
2018
2019
2020
2021
pro￿¢1 costs
£336
£18,51)0
£0
£0
£0
£0
£0
£0
Total to date
£18.836
The cottage is currently awaiting re•er&ction on the Museum's sile.
Page 36

AVONCROFT MUSEUM OF HISTORIC 8UILDINGS
(A company Ilmltod by guarant￿)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
31
Barn frame from Dordon. North Warwtckshlre
In 2016 the Museum was given a partially-restored frame of a box-framed threshing bam
dismantled somo years ago from near Dordon in North Warwickshire. Avoncroft has accepted this on the
basis that il 15 an additional heritage asset, however. once rebuilt, may be used as a visitor facility,
education or storage building, rather than as one of the Museum's agricultural exhibits. So far, the only
costs associated with this building have been the cost of transporting the components of the timber frame
from storage from Beoley, Worcestershi￿.
The barn frame is temporarily stored opposite the Museum's Showman's Wagon building.
Ygar
2016
2017
2018
2019
2020
2021
ProJ8ct Costs
£360
£0
£0
£0
£0
£0
Total to date
£360
4]
Telophono KSosk. ¢1905 of tho 'Norwlch' typo
The Museum acquired a very rare early telephone kiosk from before the GPO (General Post Office)
became the national provider of telephone services and public call boxes in 1912. Thought to have been
installed c1905, the kiosk is a wooden structure of the'NoNich' pattern whi¢h was the pre-stsndardisalion
shelter design for public telephones In use by the National Telephone Company in the East Anglia region.
Originally sited at Gonville Place, Cambridge it has been acquired from the family of a collector who
rescued il in the 1980s. The Museum is very gralgful to an anonyrnous donor who funded thg purchase
{£8001 for Avoncroft. Although acquired in 2017, the kiosk did not arrive at the Museum until earfy 2018.
Significant restoratson of the kiosk is requi￿d.
Year
2018
2019
2020
2021
Prolect costs
£0
£0
£0
£0
s]
Crlcket Pavllion from Wor¢e$tsr Clty
The Museum has acquSred the remains of a Vlctorian CTi¢kel Pavilion which was once home lo
Wor¢eslershire Cricket Club. The building will make an interesting exhibit lo tell the story of Midland sport
once rebuif(. a project that wll lake signrficanl investment. 11 was dismanued in Summer 2019 and is
currently stored temporarily opposite the Showman's Wagon building.
Projoct costs
£15,000
£0
£0
2019
2020
2021
Page 37

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A ¢ompany Ilmlted by guarantst)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Bulldlngs rescued In tho past
6]
Water mill & machinery from Temple Balsall Fami, Tamplg Balsall, Sollhull
In 1983 the Museum rescued parts of a farm mill and the water mill wheel and machinery. The projed lo
re-erect this building was attempted ￿lce by the Museum once in the 1980s after acquisition and again In
the 1990s, however the significant funding required was not achieved and the machinery and some
building parts remain al the Museum. The original cost of the rescue of the machinery and building parts
was £14,738. The Museum ¢onsidgrs this lo be a heritsge asset not on the Balance Sheet.
Plg Sty from Longdon, Worcestershire
A small wooden pig sty was rgs¢ued in April 1978 from Longdon. Worcestershire al a cost of £528.
Althokjgh the roof structure was known, il wasn't until after recent dig(tisation of some of th8 Museurn's
slide images from thSs period, that il wa5 realised that several sections of the wall structure were also
stored nearby and enough of this buildirbg survives to reered IL
Laryer non-bulldlng herltage a$$et$
Carts, wagons, agricultural equipment and other mobile exhibits
a] Showman's Wagon
From 1991- 1998 thg Museum undertook the restoration of 8 1910 Showman'5 living caravan which had
been presented lo the Museum by the Surviving children of the original owner Tom Clarke. The elaborate
interior and the mahogany panelled exterior were carefully conserved. new wooden whg91s made instead
of the replacement pneumatic ones and thg ornamental painlwork scenes on the inlerlor were all restored.
In order to preseNe this work a special exhibition shed with interpietation about the history of funfair
showmen, the Clarke family and the wagon was constructed lo house it. The cost lo restore and house
this exhibit was £95.627.
bj Road mgndors. Wagon
The Museum was given a 1911 Worcestershire County Council road menders, living wagon in 1972 which
was then restored by the Museum. 11 is thought to have been made by Ricketts Bros and was van No. 21
in the Council's fleet and was certainly in use until 1949, and possibly as late as 1957 when it was pul into
storage at the Stanford dapot until it was given lo the Museum. The 'Caledonia Queen, cast-lron stove witti
which il is now fitted was removed from one of the other redundant wagons. The cost of the original
restoration was not ￿e0rded in the Museum's Annual Report or Accounts in 1972. Significant work was
undertaken again in 2005 and 2015 to repair and re-paint the wagon which because of its size. and lack of
an appropriate building, has been (Jisplayed in the open.
¢1 Mlllefs Wagon
This vehicle was Tescued from Arrow Mill, near Alcesler. Wan￿l¢k$h1re and presented lo the Museum in
1980 by Mr Tony Carr and was rastorèd in 1983 by Mr Michael Horftrr al Radford near Bath. It is thoughl
lo have been built by Glovers of Warwid( 81 the end of the 19th century. The cost of the original
reslorats'on was not recorded in the Museum's Annual Report or Accounts in 1983. It is in need of further
restoration which is in planning.
Page 38

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A ¢ompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEP4lENTS
FOR TKE YEAR ENDED 31 DECEMBER 2021
dj Fire ladder
The'¢urricle' wheeled fire-escape ladder was used as a basic firefighting engine and extending ladder at
UmbeT51ade Hall, Tanworth in Arden, Warwickshire. It dales from the lale-191h century.
81 GPO Morris Mlnor van
This van, DVL4 Registration NLW 918, during its working life was under the control of the Telephone
Manager, Chester and was first registered in 1959. This vehicle was part of BT'S Historic Vehicle Fleet
Collecth)n and was transferred into Avoncroft's ownership at the fomial opening of the Kiosk Collection. It
is kept in working condition.
Agrlcultural •xhibtts
The Museum holds an extensive agricultural coll￿ts.0n including machinery, hand too15, animal and
Iraclor4rabvn equipment. The stored colleclions of hand-lools have been catalogued and the Museum will
shoruy be undertaking a survey of the lafger-%ale machinery. None of these collections are known to be
of significant value. Notable larger items of agricultural equipment include a 1930s reaper-binder, eady
20th century hay elevator. a collection of ploughs. harrows. rolavators and seed drills, iwo Lister ststionary
engines and various items such as chaff-cutters. sack lifts. butter maknng equipment.
Architectural and bulldlngs ¢olle¢tlon
The Musèum holds a wide-ranging Collection of items relating lo the building trades as well as a study
Collection of aichileclural fragments and materials including 8 substantial collection relating to the
brickrnaking trade. There is also a large collection of woodworking tools suitable foi both the cabinet-
making and joinery trades, some of which a￿ on display in the Inlroduclory Exhibition.
Flre-mark ¢011o¢tltsn
The Museum holds a significant colledion ol mglal insurance fire-marks. This collection, was donated by
Mr Peter Coard. and was valLJed in 2004 al £30,000 by Mr Phil Morris. a committge member of the Fire
Mark Cirde society. In 2016 Avoncroft acquired three highrfluality large museum display cases and
displays incorporating a a selection of the fire-marks are now viewable by the public. along with c4)ntextu81
displays about the history of how fire affects buildings.
Othar small exhlblts
Many of the buildings which have been rescued have also had collection5 of appropriate eonlenls
collected for display in the reorected exhibit. These include appropriate trade tools, furnishings and
fittings, domestic items and contextual material. The Museum also collected a stored collection of small
objg¢ts which were lo be used either in existing or future exhibit buildings or for other aspects of th8
Museum's displayE.
Art
Sir Hugh Casson watercolours..
Sir Hugh Cas50n 11910-1999} was an architect, artist, Interior designer, writer and broadcaster who
became the first President of Avoncroft Museum of Buildings in 1963 until he retired in 1992. These four
water¢olour views of Avoncroft were given by Sir Hugh in 1991 to aid the Museum's fundraising efforts.
Value
approxlmately £350 each. based on other watercolour drawings by Casson Sold in the UK in
2006-2012. Valuation by Simon Carter, prevlous Museum Dlrector. March 2014.
Page 39

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
John Piper (1903-1992}
John Piper was also involved in the Museum in the earty years and the Museurn and supported
fundraising. Avoncroft owns two prints, one called 'Avoncroft Museum. 1175 11976} - value
approx
£2.200 - based on other versions of this print either sold or available. The fact this is the first of a
numbered edition adds to its value. Valuation by Simon Carter, Director, March 2014.
The second is of Wights'ck Manor, Wolverhampton 29175119771- value approx É2.300- based on other
prints sold 2010-2013. In original frame. Valuation by Simon Carter, previous Museum Director, March
2014.
The Museum also holds a small collo¢lion of engravings, modem watercolours and prints of the Museum
or related views. None of these are thought to be worth more than £300.
Archive
The Museum holds an extensive archive of published books. paper and photographic records of the
history of the Museum and historic Midlands buildings both extant and destroyed.
While full cataloguing of the collection is still underway. il has not been p055ible yel lo identify any
individual items which are of high value. however. there are holdings of some relatively rare 18th and 19th
century books and documents relaty'ng to the building Irades. architecture and English history.
Preservatlon costs
Expenditurg which, in th8 Trusteas. view. is raquired lo preserve or dearly prevent further delerioralion of
Individual colledion items is recognised in the Income Expenditure account when it is incurred.
Loans In or out
The Museum has a very small number of loans leslimaled less than 30 ofyects against a ball park figure
of 14,000 objects in Ihg collgctionl howgver 6 of these are large scale items which are long-lerm or
perrnanent loan5.
11 Concrete 'TaTdis' style Glasgow Police box Ifixed lo concreted surface and would requlra a crane to
movel. Loan reviewed on a regular basis.
21 Set of Wiclorian elaborate chimneys - approx 7-8 fool high and set onto ￿nCretE base - lent 1973.
Currently trying to establish contact wth deceased lenders family.
31 Mobile tglephong exchange lcurrently wired into Museum's kiosk ￿)lleCtIon and blocked in by
subsequent landscapingl. This large trailgr type wheelgd vghicle is an integral part of the Kiosk Collectlon
and is owned by a long-term Museum volunteer.
41 Showman's Wagon - a very large living wagon on 'perrnanent loan, from descendants of the original
showman and his wife. The family were reluctant to donate the item when it came to the Museum in the
1990s bul in order lo raise grant funding an agreement was reached whereby the major grant giver,
NHMF, was lo be consulted if ever there was a need lo move It from Avoncroft, and that an allernalive
Museum or public place would be found to display IL
Page 40

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
5] Brickmaking Machine
a large Victorian demonstration model for producing miniature bricks lo
demonstrate the method al trade fairs made by C. Whittaker and Co. Ltd of Accringlon, Lancashire Ss on
loan from a private individual.
61 Restored GWR G(x)ds Wagon - this rescued wagon was nearly entirely rebuilt using the original which
dated from the end of the 19th century as a pattem and r&using the surviving ironwork. It was placed on
long-term loan at the Museum from a private individual who funded its restoration in 1991. A grant lo
carry out urgent repairs wa5 received in 2013 and work has begun on the restoration.
The remaining loan items are all small scale, and are on loan as individual or small groups of items.
Existing loan arrangements are being considered as part of the cataloguing process.
Loans out
The Museum has lent a decorated gable end from Uoyd's Mansion, Shrewsbury for a period of 10 yeaTS
(beginning 20101 to Shrewsbury Museum.
Prèservatlon and management
Avoncroft Musgum is an a¢¢rediled Museum under the schemo adminislere(I by Arts Countil England.
The Museum employs a full-lime Heritage, Collections and Interpretstion Manager as one of its Senior
Managers. The poslholder manages the ¢olleclions in accordance with policies that are approved by the
Trustees and are in line with the Arts Council Accreditation scheme. Further information on the Collection
is provided in the Museum's separately published Acquisition and Disposal Policy. Collgctions Procedures
Manual and Buildings Mainlenancg Plan. Copies are available on request.
As explained in the Acquisition and Disposals polrcy, heritage assets in the collection are only dlsposed of
when. in the opinion of the Trustees, there is a good curatorial reason that the item does not conlrbbute lo
the interest and diversity of the Museum's coll8ction.
16. Fixed asset investments
Inve$tm•nts
In
Subsidlary
¢ompanies
Company
Cost or valuallon
Al 1 January 2021
At 31 Decembor 2021
Page 41

AVoNCR0￿ MUSEUM OF HISTORIC BUILDINGS
(A Company Ilmltod by guarant•o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
17. Stocks
Group
2021
Group
2020
Finished goods and goo(Js for resale
41
200
18. Debt¢rs
Group
2021
Group
2020
Company
2021
Company
2020
Due wlthln one year
Trade debtors
5.857
1.036
413
21.241
Amounts OW8d by group undgrtakings
Other debtors
Prepayments and accrued income
Defeffed taxation
29,990
4,022
7.207
10,089
3,729
12.088
10,089
4.233
26,882
17.357
31.743
34,012
19. Crodltors: Amounts lalllng du• wlthln on• year
Group
2021
Gmup
2020
Company
2021
Company
2020
Trade creditors
Other tsxalion and social security
Other creditors
40.419
3,460
47,529
60,810
6,737
28,828
34,523
2,123
10,966
40.237
3,972
24,489
91.408
96,375
47.612
68,698
20. D¢f•rr•d taxation
Group and Company
2021
2020
Al the beginning of the year
Charge/lCreditl for the year
(4.2331
504
f4.233)
(3.7291
(4.233)
Page 42

AvONCR0￿ MUSEUM OF HISTORIC BUILDINGS
(A company Ilm[t￿ by guaranl•o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
20. Deferred taxation Icontinuodl
The deferred tax asset is made up as follows:
Group
2021
Group
2020
Accelerated caprtal allowan￿$
Tax losses carried forward
16341
4,363
4,233
3.729
4,233
21.
Def8rrod incomo
Group
2021
Group
2020
Company
2021
Comp8ny
2020
Deferred income at 1 January 2021
Amount provided for in the year
18.629
19.041
11.755
6.874
15,329
{10,5841
11,754
3.5T5
Deferred Incorne at 31 December 2021
37.670
18,629
4,745
15.329
Page 43

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
22. Statement of funds - current year
Balance at
31
D•c•mber
2021
Balance at
1 January
2021
Transfers
inlout
Income Expenditure
Unrnstrlctsd funds
Deslgnated funds
Windmill- cash fvnd
Bringsty- cash fund
Wildflower Meadow- Cash
fijnd
Building rescue and
improvements- cash fvnd
Legacy funds - cash fund
Fundraising account- cash
fund
Access improvements
Library ar¢hives
Education support
Airing Court Shelter
Nailerfs Cottage
Building rescue and
Improvements
Air Raid Shelter
12841
11881
1741
23.8691
1213.6371
188
174
23.869
213,637
4.327
(4.3271
16001
118.8361
147,3271
Sneachill Cotta9e
Going Forward to Exce119n¢8
Cricket Pavilion
18.836
47,327
324 242
324 242
General funds
General Funds- all funds
620,895
462,847
{432,722)
324,242
975.262
Total Unrestricted fund5
945,137
462,847
{434,244)
973.740
Page 44

AvONCR0￿ MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlt¢d by guarant•o}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Rastrlctod funds
Bringsty Church
Windmill
EdUcat￿n
Training
Town House Interpretation
Kiosk Collection
2,558
1,350
3,299
3,000
1.239
1.200
2,701
2.127
8S3
388
2,558
7.350
3.299
3.000
1.239
1.200
2,701
2,127
853
388
6,000
Airing Court Shelter
Wildflower Meadow
Nailels Cottage
Racksaw
GWR Railway Wagon
Wisteria Cottage from
Sneachill
2,850
354
20,000
417
354
20,000
417
Threshing Bam
Primrose H05pice
Hill End Cottage
Bromsgrove inslitulg
5.934
3.000
5,934
3.000
51,270
6.000
57.270
Total of funds
996,407
468.847
1434,2441
1,031,010
Page 45

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantoe}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Statomont of fund$ - prlor year
88lance at
31
Decembgr
2020
Balance at I
January
2020
Transfers
in/out
Income
Expenditure
Unr•strl¢tsd fund$
Deslgnated funds
Windmill - cash fund
Bringsty -cash fund
Wildflower Meadow- cash
fund
Building rescue and
improvgmants-cash fund
Legacy funds - cash fund
Fundraising account- cash
fund
168
(168)
(68)
92
(92J
1.619
(1,619)
(1, T50J
(1, 750?
(i)
Access Improvements
Library archives
Education support
Airing Court Shelter
Nailer's Cottage
Building rescue and
improvements
Air Raid Shelter
Sneachill Cottage
Golng FoNard lo Excellence
Cricket Pavilion
284
188
174
23,869
213,637
188
174
23,869
213,637
4,327
600
18,836
47,327
15,000
4,327
600
18.836
47.327
15,000
Designated Funds - all funds
326, 790
{1,948J
324,242
General funds
General Funds - all funds
356,321
502,018
(248,826)
11.382
620,895
Totsl Unrestrl¢ted funds
682.511
502.018
(250.774)
11,382
945. 137
Page 46

AVONCROFT MUSEUM OF HISTORIC BUILOINGS
(A company Ilm1t￿ by guaranté•}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Ro$lrlctad funds
Bringsty Church
Windmill
Milling at Avoncroft
Education
Tfaining
Town House Interpretation
Kiosk Collection
Airing Court Sheher
Wildflower Meadow
Nailerfs Collage
Racksaw
GWR Rai￿aY Wagon
Wisteria Cottage from
Sneachill
2,558
1,350
1, 701
4.674
2.558
1.350
(1,701)
{1,375J
3,299
3,000
1,239
1,200
2,701
3.388
1.239
1.200
2,701
2,127
853
(1,261J
f55J
388
2,850
388
2.850
354
354
Coslurne Re*nactment
Project
Threshing Bam
Prirnrose Hospice
Plas Cadwgn
Hill End Cottage
Bromsgrove institute
Young People's Volunteerfng
Protection of Historic Assets
(64)
20.000
417
20.000
417
440
(440?
5,934
5,934
3.000
3,000
1,51
(1.500)
(141,400)
(147, 796)
141,400
147,400
51,666
51.270
Total of funds
734, 177
fj49,418
(398,570)
11,382
996,407
Page 47

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlt•d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Re$trl¢tgd Funds
Brlngsty Church
For ongoing maintenance of the building.
Wlndmill
For repair and maintenance of the building.
Milling at Avoncroft
For the development of flour milling and the interpretstlon of
the agricultural buildings al the Museum.
Educatlon
For research & developmgnt of new programmes and 8dive
earning and access for young visitors (including under Ssl
and to support associated learning staff costs.
Tralnlng
To fund the training of staff and volunteers.
Town House Int•rpretatlon
To fund interpretive contents for the building Ihistoric objects
and foplicasl-
Ki¢$k Coll•¢tlon
For maintenance and repair of the National Telephone Klosk
Collection.
Alrln9 Court Shèltèr
For the dismantling, re￿reCtIOn and repair of the building.
Wlldfiow•r Meadow
For the maintenance and davelopmenl of the Wildliower
Meadow.
Nallerfs Cottage
For the dismanling. rewerection. inlbrpretalion and repair of
th8 building and gardgn.
Ra¢ksaw
For ongoing maintenance of the building and historic
equipment.
GWR Railway Wagon
For repair and maintenance of Ihe wagon.
Wisterla Cottage, from Snga¢hlll
For the dismantling, reryere¢lion and repair of the building.
Costume Re4nactment Project
To fund th& project website volunteering portal {until 2018I-
Threshlng Barn
For re-thatching the bam roof.
ACE- Going Forward to
Ex¢g11on¢e
To undertake work to improve the Museum's overall
resiliencè based on the Arts Council England Supptsrt
project application.
Primrose Hospice
To provide respite activfÉies for the users of the Primrose
Hospice 8nd their families.
Plas Cadwgn
For ongoing maintenance of the building.
Compost Toilet
To provide a composting toilet lacillty.
Stsff Support
To fund the cost of staff posts.
Page 48

AVoNCR0￿ MUSEUM OF HISTORIC BVILDINGS
(A company Ilmlt8d by guaranto0}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Hlll End Cottage
For repair and maintenance of the buildlng.
Elmley Foundatlon - Arts Events
small grant fund
To support a on￿ff arts perf0mian￿ (Rorneo and Juliell
as part of the Bromsgrove Festival 2018.
Crlckot Pavilion
For the dismantsing, r￿rectIOn and repair of the building.
Tree Surgery
For undertaking necessary tree surgery around the
Museum's grounds.
Young P•opl•'s Volunteoring
To recruit and provide MO￿ volunlegring opportunities and
encourage participation for young people lo support the
work of Avoncroft.
Bromsgrovg Institute
For the purpose of refurbishment of historic horse drawn
wagon.
Protection of Historic A5set5
For the prolection of historic assets
Transfers between funds
The transfers from restricted lo designated ftjnds represent restricted funds used for Capital spending on
assets that were recorded as designated on thè balance sheet at the discretion of the trustees. The
transfers from d8signaled lo restricted funds represent the allocation of the depreciation charg8s on
assets bought using restricted fvnding that were subsequently recorded as designated assets. The
transfers from designated lo general funds represent the trustees decision lo unall￿ale unrestricted funds
previously sel aside for spe¢lflc purposes.
D¢nors and Grants in 2021
Arts Council
Garfield Weston
Bromsgrove District Coun¢il
Bournville College Trust
George Cadbury
8romsgrove Rotary
LJC Fund
The lan Addison Charitable Foundation
LG Harris Trust
Birmingham Common Good Trust
Bromsgrove Court Leet
Individual donations
Max Tattoo Studio Ltd
Worc Ind & Ar¢h8eology
QUa￿e Trust
Bromsgrove Photo Society
Other
£64.400
£30.000
£24.143
£12,000
£12,000
£5.000
£5.000
£3.000
£2,500
£1.500
£1.000
£4,750
£650
£500
£300
£250
£44,720
Page 49

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
23. Summary of funds
Summary of funds - current year
Balance at
31
Decèmbor
Balance at 1
January
2021
Transfers
inlout
Incom• Expendlturn
Taxation
2021
Designatsd
fund5
Genefal funds
Restricted funds
324.242
620,895
51,270
1324.242}
324.242
465,986
6,000
1435.861}
11.522}
973,740
57,270
996,407
471,986
1435,8611
11,5221
1,031,010
Analysis of net assets betr4een funds
Analysis of nat assot$ botwgen funds- curr•nt year
Unr8strict•d R¢$tri¢téd
funds
funds
2021
2D21
Total
fund$
2021
Tangible fixed 8s5ets
Heritage assets
Current assets
Creditors dug within one year
Provisions for liabilities and charges
349.817
413,218
298,384
191,4081
3.729
349.817
413,218
355.654
191.4081
3,729
57,270
T¢)tal
973,740
57,270
1,031.010
Page 50

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A Company Ilmlted by guaranto&1
NOTES TO THE FINANCIAL STATEPAENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
24. Analysls of net assets betwe•n funds (continued}
Analys1$ of net assets between fund$ - prior year
Unrestricted
funds
2020
Restricted
funds
2020
rotal
funds
2020
Tangible fixed assets
Intangible fixed assets
Hefitsge assets
Current assets
Creditors due ¥￿thIn one year
Provisions for liabilities and charges
364,090
3,840
4t3,746
255,603
(96.3T5J
4,233
364,090
3,840
413, 746
306,873
(96,375J
4.233
51,2TO
Total
945,137
51,2TO
996,407
25. Reconci1Satl¢n of net movement in funds to n•t cash flow from operatlng a¢tlvltles
Group
2021
Group
2020
Nel income for the year las per Statement of Flnancial Activities)
34.603
262,230
AdJu$tmènts for:
Depreciation charges
Amortisalion charges
Dividgnds, interests and rents from invesknents
Decrease in stocks
Decreasel{increasel in debtors
Increaselldgcreasel In creditors
Tax charge on trading Subsidiary
20,270
3.840
16.594
3,840
(552J
8, 139
4.118
18, 185
(1t,382)
159
{9,5251
{6,4891
1.522
Net ¢ash provldod by 0￿ratIng actlvlties
44,3BO
301. IT2
Page 51

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA ¢ompany limlted by guarant¢¢}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
26. Analysls of cash and Cash equlvalents
Group
2021
Group
2020
Cash in hand
332,460
293.549
Totsl ¢a$h and ¢ash equlvalènts
332,460
293,549
27. Analysis of changets in net debt
At1
January
2021 Cash flows
At31
Do¢ember
2021
Cash al bank and in hand
293,549
38.911
332.460
293,549
38.911
332.460
28.
Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Charity in independently administered funds. The pension cost shown in note
11 rep￿sents the Contributions payable by the Charity to Ih8se funds.
29.
Prln¢lpal subsldlarl8s
The following was a subsldlary undertaklng of th8 Company:
Namg
Company
numbef
Class of Holding
shares
Includ•d In
consolidatlon
Avoncroft Enterprises Limited
03303524
Ordinary
100% Yes
The financial results of the subsidiary for the year were..
Nam•
In¢om•
Expendltu
PrafitllLossl
I Svrplusl
(Deflcltl for
the year
Net assets
Avoncroft Enterprises Limited
116.103
1106.5621
9,541
12,197
Page 52