Rogistarod numbgr: 00830659
Charity numbor: 241644
AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

AVONCROFT MUSEUM OF HISTORIC BUILDING8
(A company Ilmlted by guaranteg)
CONTENTS
Page
Reference and admlnlstrative dglalls of tho Company, Its Trustèès and advisers
Trusteès. report
Indopendent examinerfs rèport
9-10
Consolldated sL*ernent of financial activities
Consolidatod balance sheet
12-13
Company balance sheet
14-15
Consolldated statement of Gash flows
16
Notes to the flnanclal statements
17-51

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guaranteg)
REFERENCE AND ADMINISTRATIVE OETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
M Woolley (resigned 26 April 2022)
A Hudey (resigned 20 February 20231
N Psirtdes Iresigned 26 April 20221
K Gee (resigned l April 20231
M Atrmstrong. Chair
P Richmond
P Reilly
S Pope (appointed 1 November 20221
A Wood
D Robinson. Treasurer
Company rggi$tgrgd
nurnbgr
00830659
Charity rggistored
number
241644
Rogist?rod offlce
Stoke Heath
Bromsgrove
Worcestershire
B60 4JR
Key management team
Zoe Willems. Director
Abbey Butler. Commercial Manager
Rob Harrison (Estates Manager)
Steven Hearn IHerilage & Inlerprelation Manager}
Heidi Ames {Finance Manager)
Page 1

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guaranteol
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together with the financial stslemenls of the Avoncroft Museum of
Historic Buildings for the 1 January 2022 to 31 December 2022. The Annu81 report serves the purposes of both a
Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and
fln8ncial statements of the charitable company comply wth the current ststulory requirements, the requirements
of the charitable companls goveming document and the provisions of the Statement of Recommended Prath'ce
ISORP) applicable to charities preparing their accounts irTr accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS102} (effective 1 January 2019}.
Tru$tgos of the Charlty
The Trustees who have seNed during the year and Since the year end were as follows..
M Woolley (resigned 26 April 20221
A Hurley {resigned 20 February 20231
N Psirides {resigned 26 April 20221
K Gee {resigned 1 April 20231
M Armstrong, Chair
P Richmond
P Reilly
S Pope {appointed 1 November 20221
A Wood
O Robinson. Treasurer
Oblectlves and Activltles
a. Pollcles 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 al Avoncroft and the relationship of people with the buildings they
constructed and in which they lived and worked.
The Charity sets out how it will achieve its aims and objectives sel out in our 20 Year Vision Ihiough its 3 year
Business Plan. This was due for a five-yearly review in 2022, whieh was begun in early 2023.
b. Public Benoflt Statement
We have referred to the guidance contained in the Charty Commission's general guidance on public beneflt
when reviewing our aims and objectives and in planning our future activits'es. In particular. the Trustees have
considered our future ability to meet our charitable purpose when setting our 20 year Vision and its go818 and
objectives. Shorter term objectives to deliver public benefit are sel within the Museum's business plan.
Strateglc Report
. Achlevements and perfomiance
The post-covid recovery Process continued in 2022, primarily through beginning lo build a new staff team and the
development of a realistic 3-ye8r business plan. This outlined a progressive approach to recovery. recognising
the significant organisalion81 ￿-struCtUr1n9 and the need to rebuild teams and processes. 2022 was designated
as the "Groundworks" year with a focus on discovering and starting lo deliver good fundamental systems to
support future development and growth.
Key achievemenls in the Groundworks year of 2022 included..
Page 2

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limitad by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Stratogic Development
Developing a new, slimline staff structure and recruiting a new Senior Management Team to support the
creation and delivery of the new business plan.
Identifying the need lo restructure financial processos in order lo underpin the business with a sound
8¢counling structure to enable accur81e planning, reporting and forecasting, and developing a new
accounting structure to match the new business model.
Developing a Ihreo-year business plan with a realistic staged plan for recovery and supporting budget.
Facilities Dovelopment
Improving the IT infraslruclure for both staff and visitors to the MuseLtm.
Reviewing all major supplier contracts to ensure value for money (including obtaining a good energy rale al a
time when energy costs more than Irebledl.
Reviewed all major Health and Safety and Risk Assessments
Improved security of sile through boundary review and slrenglhening of weak points.
Heritage and Collectlons Developmont
Establishing a preventive maintenance plan and conservation programme for the Museum's heritage assets.
Beginning a comprehensive survey of Museum buildings in order to establish a prioritised list of generational
repair works for future funding bids
Undertaking emergency repairs lo prevent further deterioration of buildings such as the String of Horses and
the Milling building.
Re-lhalching the Cholstrey Barn - a major capital project, wssible due to previous generous donations from
the William Cadbury Trust. plus additional contributions from lan Addison Foundation, and the CRF funds
which were able lo be used as free reserves. This was a vital project as the existing Ihalch had completely
failed and the underlying hislodc slruelure was al risk. The newly thatched Cholstrey Barn will be the focus of
a new inleiprelation approach to be implemented during 2023.
Wi$itor Experience Development
Refreshed and re-displayed visitor welcome. shop and tearoom for an improved visitor welcome and
experience.
Improved presentstion of grounds and buildings through a dedicated team of gardeners. with the support of
HOW College skills to work team. Included a winter campaign of Iree-felling for safety. and protection of
buildings.. hedge-cutting,. planting new borders in airivals area.
First year hosting the Inlemalional Living History Festival in Aprfl - bringing hundreds of re-enactors from
every period from Stone Age to 1970's to bring the site to life. attracting hundreds of visitors over the
weekend. Also highly popular and successful Medieval Weekend in September and 1940's 'on the Home
Front, weekend in October.
Extended opening from 2021 as opened end March. Kept to Weekends and Wednesdays during lemilime,
increased lo 5 day openin9 during school holidays.
Page 3

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmited by guarant091
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Vlsltor Perfomiance
School visits gradually increased during 2022.
Visitor numbers raised from 12,800 in 2021 18 months) to 15,000 in 202219 monlhsl. Down on budget, but
this was due to headwinds of Ukraine war, energy and cost of living crisis which has affected visitor patterns
and has been experienced by many other museums and visitor attr8clions. and a good achievement in the
circumstances where so much energy needed lo be fr￿￿$sed on internal team and process building.
Commercial Pgrfomance
Lower than expected visitor numbers in 2022 inevitably had a knoGk-on effect on tearoom and shop
perfomiance. A delay in passing on rising costs of food, drink and energy lo customers added to a deficit in
tearoom and shop performance. Commercial performance in the round was significantly lifted by a vibrant
wedding season, making up for previous 2 years where weddings couldn't take place, and Enterprises
returned a small profil as 8 result.
b. Investment performance indicators
Avoncrofl Enterprises Limited made a profil of £1,707 12021.. profil of £ 9.5411 with nel liabilits'es of £49012021-
£2,197) at the year end. All the profil has been allocated to Avoncroft Museum of Historic Buildings under Deed
of Covenant.
¢. Rlsk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and lo ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees
examine the principal areas of the Charills operations and consider the major risks faced in each of these areas
at their bimonthly meetings. In the opinion of the Trustees. the Charity has established appropriate resources
and review systems. which. under nomial conditions, should allow these risks to be miligaled to an acceptable
level in ils day to day operations. The Trustees fomiulated a Reserves Policy in January 2016 which is regularly
monitored.
Page 4

AVONCROFf MUSEUM OF HISTORIC BUILDINGS
(A company lirnited by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Financial Review
. Golng Concem
The ongoing after-effects of the CovKJ-19 pandemic, compounded by the economic impact of the war in
Ukraine and the ongoing cost of energy and cost of living issues continue lo have a significant impact on the
pace of recovery of the Museum.
Trustees have confidence in the plans for recovery of the Museum contained in the business plan, and in the
senior team's commitment and ability to deliver these plans. They include a need to invest in the short term
in order to build capacity for a more sustainable future.
We were pleased lo receive significant support from the Cultural Recovery Fund Grant through the Arts
Council in 2020 and 2021. Due lo the ability to convert some of these grants lo free reserves, they have
continued to enable the Museum lo remain a going concern and plan for future recovery and growth.
The Trustees have been pleased at the support of visitors, members and many supporters who have
attended the Museum during our extended opening in 2022 and this income has Gonlribvted to our ability to
remain open and plan for the future.
While many uncertainties remain for planning ahead, not least due lo the cost of living crisis. the Trustees
are confident that the Director has adopted a cautious and monitored approach lo recovery that will not
overengage the limtted resources available.
There is an agreed overdraft facility of £100,000 which can be used if needed to tide over the winter closed
Period. Indicative cash flow forecasts lo end 2024 indicate potential need lo draw slightly on overdraft
occasionally.
At the dale these accounts are signed the Trustees are confident the Museum remains a going concern al
least a further 12 months. During this Ilme the Trustees and Staff will conts'nue to work tirelessly to establish
new funding sources and a viable long term future.
b. Reserves poll¢y
The Museum's reserves policy is lo hold sufficient reserves lo cover salaries and costs for six months. We have
mel this largel for the second year running in 2022. while growing the staff team to deliver recovery plans. As
investment in the future continues into 2023. we may dip below the resetves policy level for a short period.
The Trustees monitor the financial risk of the organisation on a bimonthly basis. manage a risk register for the
Museum and 8ssess the ongoing performance of both the Museum and its trading company on a monthly basis
through management accounts.
At 31st December 2022 the Museum had reserves of £963.544 {2021.. £1,031.0101 of which £53,417 were
restricted {2021.. £57,2701- The unrestricted reserves amounted lo £910,12712021.. £973,7401- £NIL had been
designated by the Trustees.
The funds freely available for use by the charity al the year end at the discretion of the Trustees amounted lo the
unrestricted reserves less the Tangible Fixed Assets of £337.659 12021.. £349,81713nd Heritage Assets of
£450,07212021.. £413,218). The free reserves at 31 December 2022 were therefore £122,39612021.' £210,705).
During the course of 2020 and early 2021. due lo the unpreceder*led circumstances of the pandemic, Trustees
made the decision lo undesignate all funds except restricted funds.
c. Internal and external factors
The Museum operates in a rapidly Changing environment to ￿lch market conditions and legislation regularly
introduce new challenges. The Museum considers its position al bimonthly Trustees, meetings and develops
policies designed lo make its longterm financial position as secure as possible.
Page 5

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee}
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
d. Principal fundlng sources
The principal funding sources for Avoncroft MLtseum are paid admissions, annual membership, event charges.
donations. the provision of learning programmes, as well as grants from other bodies and indiwduals. There is
also an annual transfer of profit from its trading subsidiary, Avoncroft Enterprises Ltd. through which tearoorn.
shop and functions create trading income.
Investmgnt pollcy and objectives
The only sums available lo invest are those for the time being in the reslricled funds account. and those are in
cash at bank. in fixed assets and in stock. The policy is to use these funds to generate addition81 income where
possible, bul freedom of action is limited by the need to draw on these funds al frequent intervals lo finance the
projects for whieh the resoufces were acquired.
f. Plans for future periods
Trustees and the Museum's management team have agreed that, following such a dramatic step change in the
museum's fortunes due to the pandemic, a slow. solid recovery is desirable. Our three-year plan is based
around:
2022 Groundworks
rebuilding systems and visitor offer lo provide a stsble basis for- 2023 - Goc*J
Foundations
increasing visitor numbers and earned income, improving the condition and presentation of
heritage assets.. - Rebuilding- full commercial offer within context to agreed strategic direction.
Structure, Governan¢e and Management
a. Goveming document
The Charity is controlled by its governing docurnent. a Momorandum and Articles of Association, and constilules
a charitable company, limited by guarantee. as defined by the Companies Act 2006.
b. Organisational structure
Poliey and strategic management controls are retained by the Trustees and the overall running and management
of the Museum is undertaken by the Senior Staff.
The Museum employed 19 paid stsff at the end of 2022 lof which 8 were non-casual staff induding a mix of full-
time and part-time permanent staff and agency staff)..
. Volunteers
The Museum is supported by a team of volunteers who undertake nurnerDUS roles al the Museum including
inlerpretalion, maintenance. cataloguing. gardening, marketing, fundraising etc. Volunteering was significantly
impacted by the COVID19 pandernic, with volunteers unable to corne in during lockdown restrictions, reduced
capacity lo manage volunteers with significantly reduced staffing. and some volunteers feeling unable lo return
once the museum was able to reopen. The volunteers who do conb'nue lo provide their time are vitsl to the
ongoing running of the museum, and further recruitment will be a priority during the recovery period. There are
94 who give their lime free of charge but are able to reclaim their travel expenses.
Page 6

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
d. Wlder network
The Museum works within an informal neI￿Ork of publlc and charitabte museums in Worcestershire. the Wesl
Midlands and the wider UK. 11 is a member of a number of volLJnlary bodies such as the Association of
Independent Museums and tourism bodies such as Visit Worcestershire. 11 receives no regular support from
local authorities and relies entirely on funds generated from admissions, trading and grant aid from other relevant
charities.
The Museum is a partner body of the North-E8St Worcestershire Cultural Compact. working wrth the local district
council and other arts and cultural bodies who are interesle¢J in engaging with local communities, and
collal)oraling lo increase access Its arts. heritage and culture.
The Museum works in partnership with the Transport Museum, Wythall, the Norton Collection Trust and
Worcestershire Communty Rail Partnership lo link the Museum with the Raithy Station and Ihe Norton
Collection Trust using heritage bus rides on special event weekends - to encourage use of public transport and
increase accessibility to the Museum.
HOW College are in the third year of bringing their Skills to Work students lo the Museum to work in the grounds
and gardens, and bring the allotment back into use.
The Museum continued lo deliver the Dialect and Heritage Project run by Leeds University and funded by the
Arts Council, and has also re-eslablished links with Worcester and Birmingham Universities with the view lo
future collaborations.
During 2022 the Vvesl Midlands Historic Buildings Trust were based in office space at the Museum and this has
helped lo foster a closer working relationship.
e. Related partles
Avoncroft Enterprises Limited is a wholly owned subsidiary of the Charitable Company. The principal activity of
Avoncroft Enterprises is to provide trading semces to Avoncroft Museum of Historic Buildings.
f. Recfultment and appointment of new Trustees
The Trustees are elected at an Annual General Meeting for a period of three years al which point they musl
retire and seek reelection. The Trustees provide their services free of charge. The Council may co-opt Trustees
in betsveen AGMS but they must then be pul forward for elects'on at the next AGM.
g. Electlon of Trustees
The AGM was held on 27 November 2022.
Sue Pope. who was cTropled as a Trustee in December 2021 was confirmed and elected by members at the
AGM for a term of3 years.
Mark Armstrong was r￿eleCts￿ by members al the AGM for a furtheT term of 3 years.
After the year end bul before the preparation of this report Andrew Hurley stood down as a Trustee. Kathy Gee
stood down as Chair and Trustee. and Mark Amistrong was confimied as Chai¥ of Trustees.
h. Indudlon tralnlng for new Trustees
Appropriate training relating lo Tnjslees, responsibilities is givgn to new Trustees on appointment.
Page 7

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limlted by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Statemènt of Trustees. responslblllties
The TTUStees Iwho are also directors of Avoncroft Museum of Historic Buildings for the Purposes of company
law} are responsible for preparing the Tnjslees Annual Report lincluding the Strategic Plan) and the financial
slalements in accordance with applicable law and United lthngdom Accounting Standards Iunited Kingdom
Generally Accepted Accounting Praclicel.
Company Law requires the Trustees to prepare financial statements for each financial year which give a twe and
fair view of the stale of affairs of the charitable company and of the incoming resources and application of
resources, including the income and experKliture of the charitable company for that period. In preparing those
financial statements, the Trustees are required to=
select suitable accoijnling policies and then apply them consistently
observe the methods and principles of the Charities SORP 2015 IFRS 1021
make judgements and estimates that are reasonable and prudent
stale whether applicable UK Accounting Standards have been followed, subject lo any materlal departures
disclosed and explained in the financial slalements
prepare the financial ststements on the going concern basis unless it is inappropriate lo presume that the
company will continue in operation
The Trustees are resw)nsible for keeping PToper accounting records which disclose wth reasonable accuracy at
any time Ihe financial position of the Company and enable Ihern to ensure that the financial statements comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charitable Company
and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 2 5.
behalf by..
and signed on their
Mark Armstrong
Deputy Chair al 31 D￿ernber 2022
Chair of Trustees from April 2023
Page 8

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Indapgndent Examlnevs Rèport to th& Trustees of Avoncroft Museum of Hlstorlc Bulldlngs Ilhe
Group'l
I report lo the charity Trustees on my examination of the consolidated accounts of the Group comprising the
Avoncroft Museum of Historic Buildings I'lhe parent Compan￿) and its subsidiary undertakings for the year
ended 31 December 2022.
Responsibilities and Basls of Rèport
As th8 Trustees of the parent Company land its directors for the purposes of company law} you are responsible
for the preparation of the consolidated accounts of the Group in accordance with the requirements of the
Companies Act 20061'lhe 2006 Acl'l and you have chosen to prepare consolidated accounts for the Group. You
are satisfied that the accounts of both parent Company and the Group are not required by etther company or
charity law to be audited and have chosen instead lo have an independent examination.
Having satisfied myself that the consolidated accounts are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examlnation of the Group's accounts
carried out under section 152 of the Charities Act 2011 I'lhe 2011 Act'l. In carrwng out my examination I have
followed the Directions given by the Charity Commission under section 152151{bl of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and
conseq4Jenlly does not cover all the matters that an auditor considers in giving their opinion on the accounts. The
planning and conduct of an audit goas beyond the limited assurance that an independent examination can
provide. Consequently l express no option as lo whether the consolidated accounts presenl a 'true and fairf view
and my report is limited lo those specrfic matters set out in the independent examinerfs statement.
Independent Examlnerfs Statement
Since the Trustees have opted to prepare consolidated accounts for the Group your examiner musl be
member of a body listed in section 145 of the 2011 Act. I confirm that l am qualffied to undertake the exarnination
because l am a member of ICAEW. which is one ol the listed bodies.
I have completed my examination. I confimi that no matters have come to my attents'on in connection Mth the
examination giving me cause to believe-
accounting records were not kept in respect of the parent Company and its subsidiaries as required by
section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of secb'on 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and faiV view which is not a matter considered as part of
an independent examination.. or
the accounts have not been prepared in accordance wth the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable lo charilies preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)-
I have no concerns and have come aeross no other matters In connection with the examination lo which
attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached.
This report is made solely to the Companls Trustees, as a body, in accordance wth Part 4 of the Charities
Page 9

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Companvs
Truslees those matters l am required lo stale lo them in an Independent examinerfs report and for no other
purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the
parent Company and the Companls Trustees as a b(xly, for my work or for this report.
Signed..
Kerry Brown
Crowe U.K. LLP
Chartered Accountants
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Dated.. 25 September 2023
FCA
Page 10

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 310ECEM8ER 2022
Unrestrlcted
funds
2022
Rèstricted
funds
2022
Total
funds
2022
Total
funds
2021
Notè
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
85,719
189,290
193,139
5,387
85.719
189.290
193,139
5.387
234,442
113. 787
115, 139
7,600
Total income
473.535
473,535
470,968
Expenditure on:
Raising funds
Charitable activities
170,585
362.834
170.585
366,687
94,t39
341.722
3,853
Total expgnditure
533,419
3.853
537.272
435.861
Net (expendltureifincorne betoro
Lixation
Taxation
(59,8841
13,729)
13.853)
{63,737)
13.729)
35,107
(504)
13
Net movement in funds
(63.613}
{3,853}
(67,466>
34,603
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
973.740
163,6131
57,270
(3,853)
1,031,010
167.4661
996,407
34.603
Total funds carriod forward
910,127
53,417
963,544
1,031,010
The Consolidated Statement of Finaneial Aetivities indudes all gains and losses recognised in the year.
The notes on pages 17 to 51 form part of these financial statements.
Page11

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
REGISTERED NUMBER: 00830659
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Noto
Fixgd assets
Tangible assets
Heritage assets
14
337.6S9
450,072
349,817
413.218
15
787,731
763,035
Current assgts
Stocks
Debtors
Cash al bank and in hand
17
18
2,240
21.904
249,648
41
26,882
332,460
273,792
359.383
Creditors.. amounts falling due wllhin one
year
19
197.979)
(91,408)
Net current assets
175,813
267.975
Total assets less current liabilities
963.544
1,031,010
Net assets oxcluding penslon asset
963,544
1.031,010
Total not assots
963,544
1.031,010
Charity fund$
Restricted funds:
Restricted fvnds
53,417
57,270
Total reslricted funds
UnrestrTrcted funds
53,417
910.127
57.270
973.740
Total funds
963.544
t,031,010
The Company was entiued to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in queslv)n in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying wrth the requirements of the Act with respect lo
accounting records and preparation of financial stalements.
Page 12

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
REGISTERED NUMBER: 00830659
CONSOLIDATED BALANCE SHEET {CONTINUED)
AS AT 31 DECEMBER 2022
The financial statements have been prepared in accordance wth the provisions appliGable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on
and signed on their behalf by..
Mark Amstrong
Deputy Chair as al 31 December 2022
Chair of Tiuslees from April 2023
The notes on pages 17 10 51 form part of these financial statements.
Page 13

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
REGISTERED NUMBER: 00830659
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Notg
Flxod assets
Tangible assets
Heritage assets
Investments
14
15
16
. 332.290
450.072
8,000
344.424
473,218
8,000
790,362
765,642
Current a$sets
Debtors
Cash at bank and in hand
18
44,708
186,937
31.743
291.434
231.645
323, 777
Creditors.. amounts falling due wllhln one
year
19
149.973)
(47, 612)
Net current assets
181,672
2T5,565
Total asset5 less current liabilities
972,034
1,041,207
Not assets excludlng penslon asset
972.034
f.041.207
Total nel assets
972.034
1,041,207
Charity funds
Restricted funds..
Reslricled funds
53,417
57.270
Total restricted funds
Unrestricted funds
53.417
57,270
General funds
918,617
983,937
Total unrestricted funds
918,617
983,937
Total funds
972,034
1,041,207
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Ael 2¢106.
Page 14

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limitgd by guarantse)
REGISTERED NUMBER: 00830659
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
The Trustees acknowledge their responsibilities for complwng with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financi81 statements have been prepared iri accordance with the provisions applicable lo enlilies subject lo
the small companies regime.
The financial slalements were approved and aulhorised for issue by the Trustees on
and signed on their behalf by..
25191701-
/LV. 6f.
Mark Am)strong
Deputy Chair as al 31 December 2022
Chair of Trustees from April 2023
The notes on pages 17 10 51 fomi part of these financial statements.
Page 15

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantgel
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Cash flows from opgrating adivities
Net cash used in operating activities
{38,2771
44,380
Cash flows from investing a¢tlvitles
Purchase of18ngible fixed assets
Puchase of heritage assets
{6,2531
138.2821
(4,569)
(900)
Net cash used in inv8sting activitlO$
{44,5351
{5,4691
Chango in cash and cash oqulvalents In the year
Cash and cash equivalents at the beginning of the year
{82.8121
332.460
38.911
293.549
Cash and cash gquivalents at the end of the year
249,648
332,460
The notes on pages 17 to 51 fom) part of these financial stslemenls
Page 16

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
General infomiation
The Avoncroft Museum of Historic Buildings is a company limited by guarantee in England, whose
registered office is Stoke Heath, Bromsgrove, Worcestershire, 860 4JR. The companls registered
number is 00830659 and ils charity registration number is 241644. The members 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 member of the Avoncroft Museum of Histori
Buildings.
Accountlng policies
2.1 Basls of preparatlon of flnancial statgrngnts
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK alld Republic of Ireland IFRS 102) and the Companies Act 2006.
Avoncroft Museurn of Historic Buildings meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless olheTW5e
ststed in the relevant accounting policy.
The Consolidated statement of financial activities ISOFAI and Consolidated balance sheet
consolidate the financial slatemenls of the Company and ils subsidiary undertaking. The results of
the sub$idi8ry are consolKlated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies
Act 2006 and has not presenled ils own Statement of financial activities in these financial slalements.
2.2 Going concern
The Trustees have a reasonable expectation that the Charity has adequate resources to continue in
operational existence for the foreseeable future.
A cautious budget and business plan is being fdlowed for 2023-24.
The realistic budget for 2023. relleels caution in visitor numbers as covid recovery and cost of living
impact continues. There is an allowance for significant fundraising income to enable investment in
underlying systems in 2022123. If fundraising targets are not achieved. new planned staff posts will
not be filled and growth will be slower as a result. The 2023 budget shows a planned deficit of
£92,000, which can be drawn down from existing cash reserves, and is intended as investment in
staff and processes which are necessary to enable future recovery and growth in 2024 and beyond.
Every effort will be made to manage costs lo reduce this planned doficil where wssible while still
investing in future recovery.
There is an agreed overdrafl facilty of £100,000 which can be used rf needed to tide over the winter
closed period. Indicative cash flow forecasts to end 2024 indicate potential need lo draw slightly on
overdraft occasionally. Budgets are being developed for the rest of the business planning cycle which
will aim to maintain minimum reserves as per reserves policy.
There are no material concerns about the Museums ability to continue and therefo￿ the accounts
have been prepared on a going concern basis.
Page 17

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollciès (continugdl
2.3 Fund acwunting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of th8 general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specrfic restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is set out in the notes lo the financial slalements.
2.4 Income
All income is recognised once the Company has entitlement lo the income. it is probable that the
income will be received and the amount of income receivable can be rneasured reliably.
Grants are included in the Consolidated slalement of financial activities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt,
its recognition is deferred and included in creditors 8s deferred income. Vvhere enlitlemenl occurs
before income is received, the income is accrued.
Income tax recoverable in relation lo investment income is recognised at the lime the investment
income is receivable.
2.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligats'on lo transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support Costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directty
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single 8cliv¢ty are 8PFX)rtioned between those activities on a basls consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, 2nd depreciation
charges alIC￿ated on the portion of the assevs use.
Expenditure on charitsble activities is ineurred on directty undertaking the aclimties which further the
Group's objectives, 88 well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 18

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollclos lcontinuedl
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the Company is potentially exempl from laxats'on in respect of incorne or capital gains
received within categortes 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 charitable purposes.
The trading subsidiary company makes a qualIf￿ng donation of all taxable profits to the Charity a5
long as available funds pemiit. The lax charge present in the accounts relates to the the taxable
pmfits of the trading subsidiary which were not able lo be donated.
17 Tangible flxgd assets and depreclatlon
Tangible fixed assets are initially recognised at cost. After ￿Ognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumLJlaled impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straighl-line method.
Depreciation is provided on the following bases-
Freehold propety
Plant and machinery
Equipment and machinery
Fixtures and fitbngs
other fixed assets (Play Areal
2Vh and 8.33% straight line
10fjA and 25Yo Straight line
5QA straight line
2.8 Herltage assets
Heritsge assets are recognised on the balance sheet and initially measured al eost when purchased
or if donated. their valuation. Assets are subsequently staled at cost or valuation less accumulated
depreciation and accumulated impaimient losses. Fair value for donated assets are eslimaled by
reference to market prices.
Where information on the cost or valuation of heritage assets is not available or the cost of providing
such information S￿nifICant1Y outsveighs any benefit to the users of the accounts then heritage assets
are not recognised on the balance sheet.
Assets wtll be preseNed by the charity in order lo keep their historical, artistic, scientific,
technological, geophysical or environmental qualities lo such a high level as to contribute lo
knowledge and culture. A register of all assets held by the charty is available and the assets
themselves are accessible to the public with prior agreement. Heritage assets are lo be held for the
foreseeable future.
Heritage assets are nol depreelaled as their useful life is indefinite with one exception, Forge
Cottage, whbch has parual commercial use and is depreeiated on 3 2°h straight line basis.
Page 19

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company limited by guarante0}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
AG¢ounting pollcles {contlnued}
2.9 Investments
Fixed asset investments are a form of financial instrument and are initialty recognised al their
tr8ns8clion cost and subsequently measured al fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case il is measured 8t cost less impairment. Investment gains
and losses. whether realised or unrealised. are combined and presented as 'GainsllLossesl on
investments, in the Consolidated slalement of financial activities.
Investments in subsidiaries are valued al eost less provision for impaimient.
2.10 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Group,. this is normally upon notification of the interest paid or payable by the institution
wth whom the funds afe deposited.
2.11 Operatlng leases
Rentals paid L¢nder operating leases are charged to the Consolidated statement of financial activities
on a slraighl line basis over the lease term.
2.12 stocks
Stocks are valued at thè lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.13 Flnanclal Instruments
Debtors
Short term debtors a￿ measured at transaction price, less any impairment.
Credltors
Short term creditors are measured at transaction prfce.
Cash
Cash is represented by cash in hand and deposits with financial inslilulions repayable without penalty
on notsce of not more than 24 hours.
There are no complex financial instruments.
2.14 Penslons
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect of the year.
2.15 Role of volunteers
The charity relies on the efforts of its 90 volunteers. The value of these volunteers is not incorporated
within the accounts.
Page 20

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Critical accountlng •stimates and areas of judgmgnt
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
rcumstances.
Critical accounting estimates and assumptions:
Donation of equipment hire
(ill Donation of professional services
In accordance with the Charities SORP FRS 102, the charity has valued the benefrt il receives Irom
donated services as £Nil12021- £Nill. This is based on the open market value of the benefits received.
Page 21

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Income from donatlons and lega¢las
Unrestrlcted Restrlctgd
funds
funds
2022
2022
Total
funds
2022
Donations
Grants
Gift aid
25,249
57,994
2,476
25.249
57,994
2,476
85,719
85.719
Unrestricted
funds
2Q21
Restiycled
funds
2021
Total
funds
2021
Donations
Grants
Government grants
Gift aid
63,957
143,559
13.080
7,846
6,000
69,957
143.559
13.080
7,846
228,442
6,000
234,442
Income from charitable actlvltles
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Events income
Teaching - Schools and Adult Educalion
Memberships
Admissions
1.082
9.028
14. T13
88.964
5.428
10,401
115,713
57.748
5,428
10.401
115.713
57.748
Insurance Claims - Loss of Eamings
189,290
189.290
113, 787
Page 22

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarant991
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Fundralslng Income
Income from fundralslng events
Total
funds
2022
Total
ftinds
2021
Fundraising income
Income from non charitable trading aclivltles
UnrestriGtod
funds
2022
Total
funds
2022
Total
funds
2021
Sales
Room hire
55,208
123.790
14,141
55.208
123,790
14,141
52,449
48,642
13,994
Other trading income
193,139
193,139
115,085
Investmgnt incomo
Unre$tri¢tgd
funds
2022
Total
f unds
2022
Total
funds
2021
Rental income
4.787
587
13
4,787
587
13
7,328
270
Deposit account interest
Interest receivable
5,387
5,387
7,600
Page 23

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Expendlture on ralslng funds
Other tradlng expenses
Unrestrlcted
funds
2022
Total
funds
2022
Tol81
fvnds
2021
Cost of sales
Adminislralion expenses
Cost of sales staff costs
Distrtbution staff costs
70,574
36,796
63,215
70,574
36,796
63.215
31,007
27.525
35.393
214
170,585
170.585
94,139
Anatysis of expenditure by adivities
Support
costs
2022
Total
funds
2022
Total
funds
2021
Costs of operating museum
366,687
366.687
341.722
Page 24

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysi$ of gxpendlture by actlvltles leontlnued)
Analysls of support costs
Total
funds
2022
Total
funds
2021
Staff costs
Depreciation
Teaching courses
Demonstrator costs
Events
Web design, software and IT support
Rent and rates
Insurance
Light, heat and water
Telephone and stationary
Visitor service expenditure
Promotion and publiclty
Conservation, maintenance and cleaning
Travel
Volunteer expenses
Sundries
Bank interest
Bank charges
Independent examiners fee
Accountancy fees
Professional fees
Trustee expenses
Amortisation
213.387
19.838
1,753
174,207
20.270
556
205
4,891
10.350
3,043
11.214
23.491
6,477
4,134
5.759
2.284
10.340
28.654
7,728
331
4,380
37,895
180
22.455
36,804
191
1.829
6.333
520
3,797
1,500
4,675
5,180
1,643
5.990
423
3,840
4,264
5,400
2,124
9,788
286
366.687
341.722
Page 25

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10.
Independent examlnerfs remuneration
2022
2021
Fees payable lo the Comp8nVs independent examiner for the independent
examination of the Company's annual account5
Fees payable to the COmpan￿S independent examiner in respect of..
All other services not included above
3,000
2,600
4.524
5,258
11. Staff costs
Group
2022
Group
2021
Company
2022
Company
2021
Wages and salaries
Social security costs
Other pension costs
Recruilmenl and training expenses
251,210
12.240
6.714
6.438
198,842
4,946
6.026
187.995
9.891
5,242
6,438
163,235
4,531
5,336
276,602
209,814
209,566
173, 102
The average number of persons employed by the Company during the year was as follow5..
Group
2022
No.
Group
2021
No.
staff
17
28
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel consL%ls of the trustees, Museum Diredor, Commercial Manager,
Estates Manager, Heritage & Inlerprelation Manager and Finance Manager. The lolal remuneration paid
to the key management personnel was £151,85712021- £59.3921.
12.
Trustees. remuneratlon and expenses
Duiing the year, no Trustees received any remuneration or other benefits (2021- £NILJ-
During the year ended 31 December 2022, expenses totalling £NIL were reimbursed or paid directly lo
Trustees (2021- £NILI.
Page 26

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13.
Taxation
2022
2021
Corporation tax
Origination and reversal of timlng differences
Changes lo lax rates
3,426
303
1,841
(1.337)
Totsl dgfgrred tax
3.729
504
Taxation on net lexpendlture}Ilncome
3,729
504
There were no factors that affected the tax charge for the year which has been calculated on net
{expenditurellincome at the standard rale of corporation tax in the UK of 19D/o (2021- 19%).
In March 2020 the UK Government announced an increase in the UK Corporation Tax headline rale to
250/0 with effect from 1 April 2023.
Page 27

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Tangible fixed assets
Group
Equlpment Fixtures Other fixed
Freehold Plant and
and
and
assets
property machinery machlnery
rittings (Play Area)
Total
Cost or valuation
At 1 January 2022
Additions
DisF)osals
467.296
11.700
103,793
6,253
157,8511
20.473
43,443 646,705
6,253
{57,8511
Al 31 December 2022
467,296
11.700
52,195
20.473
43.443 595,107
Depreciation
At 1 January 2022
Charge for the year
On disposals
170.521
7,122
11,700
80.645
9.732
{57.8511
15.080
18,942 296,888
1,557
18.411
{57.8511
Al 31 December 2022
177,643
11.700
32,526
15,080
20.499 257.448
Net book valug
At 31 December 2022
289,653
19,669
5,393
22.944 337.659
At 31 December 2021
296, 775
23,148
5,393
24.501 349,817
Page 28

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A Gompany limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Tangible fixed assets (continued)
Company
Equipment Othor fixed
Freehold
and assets {Play
property Machinery
Areal
Total
Cost or valuatlon
Al 1 January 2022
Addib'ons
Disposals
465,136
103.793
4,966
(57.851)
43,443
612,372
4.966
157.851>
At 31 December 2022
465,136
50.908
43,443
559,487
Depreciation
At 1 January 2022
Charge for the year
On disposals
168.361
7,122
80,645
8.421
(57.851)
18,942
1,557
267.948
17,100
{57.851)
Al 31 December 2022
175.483
31,215
20.499
227.197
Net book value
At 31 December 2022
289.653
19,693
22.944
332.290
Al 31 DeGember 2021
296, 775
23,148
24,501
344.424
Page 29

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarante¢)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Herltage assets
Group and Company
Assets rgcognised at cost
Herltage
assets
2022
Carryng value at 1 January 2022
Additions
Depreciation
413,218
38,282
{1.4281
450.072
Two assets included in Heritage Assets were revalued on 31 December 1994 by John Sanders F.R.l.C.S
Chartered Surveyor.
If Heritsge Assets had not previously boen revalued they would have been included at cost of £371.452
12021- £333.1701 and accumulated depreciation of £23.99012021- £23.1611.
A revaluation reserve of £101,81112021 £102,410) relating lo these assets is included in general funds.
Tangible fixed assets- horitage assets on Balance Sheet
The following items are now on the Museum's balance sheet as heritage assets..
Herltage Asset
Year of add￿lon Amount to Datg
Forge Cottage
Hill End Cottage
Hill Cr(x)rre Do￿ote
DornBlon Dowole
Anderson Sheller
Threshing Machine
ring Court Shelter
1994
1994
2001
2CM)1
2CX)8
2010
2012
£29,990
£102,000
£2,341
£2,957
£1,406
£1,064
Lil
£24.094
£211.442
£600
£18,836
£360
£800
£15,000
£39,182
Nailers Cottage
'r-Paid Shelter from Dudley
r1￿r-Frar￿ Cottage from SneactrMII
TIrrber-Fra￿E Barn from Doron
Te*hone Kiosk IM)wch Type)
Cricket Pa￿lI0n
Thresher's Barn Thatched Fioof
2012
2013
2014
2016
2018
2019
2021
Total
£450.on
Page 30

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Dlsposals
No disposals from the collection were undertaken in year.
Four year financial summary of heritage asset transactions..
2019
2020
2021
2022
Carrying amount al beginning of
reporting period
Additions
£400.195 £415,173 £413,746 £413.218
£16.405
£0
£900
£38.282
Disposals
£0
£0
£0
£0
Depreci8tionfimpairmenl
1£1.4271 1£1.4271 (£1,428) {£1.4281
Re-valuation
£0
£0
£0
£0
Carrying amount al reporting dale
£415.173 £413,746 £413.218 £450.072
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 no additions to the heritage assets disclosure
The Museum's heritage assets fall into the following categories..
Historic buildings
The collection of historic buildings is su&divided into the following three categories-
Historic buildings rescued and re-erected on the Museum s site
This collection consists of 30 historic buildings and structures which dale from between the 1330s and
lale-201h century and which have been rescued and re-erecled as part of the Museurn's collection at its
Stoke Heath sile.
Each have their own historic significance, however, most notable among them from a rarity or uniqueness
value are the Gueslen Hall Roof - a structure dating from the 1330s which was the Toof to the Prior of
Worcester's great hall where he gnlertained guests, the National Telephone Kiosk collection
a untoue
colleth'on of every type of GPO and BT telephone krosks used since the 1920s with additional Oice, AA
and RAC boxes, and the medieval Town House from Brornsgrove, a c1450 house which was the first
Avoncroft exhibit and therefore the first exhibit lo be rescued by an open-air Museum in England.
Most of this collection a￿ single buildings. though some ale part-buildings or structures {Plas Cadwgan &
Fibreglass spire) while one is a collection of structures (National Telephone Kiosk Colleclionl.
Page 31

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees do not consider that reliable cost or valuation information can be obtained for the majority of
the historic buildings because by their very existence in having lo be rescued and brought to Avoncroft
Museum because of redundancy they have an intangible market value. Whereas most may have had a
market value in their original situation had they survived there, this will be significantly different now they
are collected together al Avoncroft.
The Museum does not therefore recognise these assets on ils Balance Sheet. other than recent
acquisitions which are reported al cost, where the object is purchased, or at the Museum Director's 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 lo 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 incurred in the year are expensed
in the statement of financial activities and not capilalised on the balance sheet as these costs are incurred
to preserve the original slate of the building.
The TTUStees consider all of these exhibits have an indefinite life and does not Iherefore depreciate them.
Page 32

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Herltage a$$ots lcontlnuedl
Heritage Assets- Historic Buildirbgs re-erected al the Museum
Cost
3111212021
Additions in
year
Cost
3111212022
Intenance
Costs in
Medieval Town
House
Plas Cadwgan
Guesten Hall
£6,523
£6.523
£13.504
£619.935
£28,586
£13,504
£619,935
£28,586
WirKlmill
Nailshop
Chainshop
anary
£3.436
£1,776
£3,436
£1,776
String of Fbjrses
£89,698
£89,698
Threshing Barn
Cctkpit
nting Pbuse
Racksaw
£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
£10.255
£44,639
£7,021
£15,577
£15,732
£13,869
£29,937
£30,315
£25.3C
£31.347
£44,764
£46,462
£42,241
Stable
Wagon Shed
Prefab
Iceh(xAse
Privy
D0￿cOle
Toll Pbuse
Cell Bbck
Perry Mll
Telephone
Kiosks
Mission Church
£166,198
£166,198
£59,533
£59.533
Fibreglass Spire
£45.340
£45.340
£1,391982
£1,392,982
£0
Page 33

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company lirnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2022
Maintenance costs in the year are expellsed through the statement of financial activities. In 2022
Avoncroft has undertaken limited maintenance spend as the museum emerged from the Covid-19
shutdown and needed to review priorities and requirements and re-build capacity to undertake essential
and preventive maintenance.
In addition, the Trustees consider Forge Cottage, an 18th-cenlury timber-framed house with attached
farrier's forge which was rescued from Wellinglon, Herefordshire as a heritage asset. Although 'principalty
held for its contribution lo knowledge and culture,, approximately 80V/o 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 400/0. Visits to the building to consult the Library and Archive are available
lo the public by appointment.
Al the point the majority of the building is used for its heritage value. it will be considered solely a heritage
asset. and al that point would cease lo depreciate.
Two other heritage assets. the Gueslen Hall roof and the String of Horses buildings currently provK4e an
element of commercial use. The Gueslen Hall is open to the public as an exhibit lor more than 85./0 of the
time during Museum opening hours and is used for approximately 25 weddings and 5 conferences a year.
The String of Horses uses about 25 /0 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
principally for their use as a Heritage Assets and their historical contribution to knowledge and culture.
Historic buildings restored in-situ and owned freehold away from the Museum
As well as rescuing buildings and moving them lo the Museum. Avoncroft in its earty years restored
several redundant buildings or structures in silu, and in some cases acquired these as freehold properties.
Two buildingslstructures are slll held on this basis.
A box timber-framed dovecote originally part of the Moat Fami. Dormslon, Worcestershire. Cost
£2,341. Owned freehold
bl
A cruck limber-framed dovecote at Glebe Fam), Hill Croome. Worcestershire. Cost £2,957.
Owned freehold
The Museum considers these assets lo have indefinlle lrfe and therefore does not depreciate them,
although they are accounted for on the balance sheet.
Historic buildings in the course of re-erection on the Museum's sile or stored in anticipation of
reereclion in the future
Page 34

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limlted by guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Heritagg assots (continued)
1]
Nallerfs Cottage
A project lo rescue a mid-19th century collage. representative of those built for the Bromsgrove nailing
trade, began in 2012 following permission lo demolish it had been granted. A Your Heritage Lottery Grant
enabled the dismantling of the building, and in 2014 Phase l of the re-erection began al Avoncroft. R
construction of the Cottage was completed in 2019. and it was opened to visitors for the first lime in 2020.
Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Total to date
Proi9Ct costs
28,235
9,484
114,502
5,836
88
48,8
7,198
3,500
217.739
The project incurred costs which 8re accounted for on the balance sheet under the acquisition of a new
heritage asset. Phase11 of the project, lo complete the interior of the rescued building began in 2017 and
was completed in 2020, with the building opening lo the public during the Autumn. After significant
damage during the vandalism of May 2021 the cottage had lo be olosed again lo enable repairs and re-
dressing. It was open again lo visitors from Autumn 2021 onwards.
21
Tlmber-framed Gottagg rgSCUod from Sneachlll, Worcestershlrg
Following the granting of demolition permission, Avoncrofl negotiated with the owner over the dismantling
and rescue of a limber-framed cottage believed to date from the late-17th or 18th century with substantial
brick additions dating from the middle-191h century.
The cottage was dismantled during September and October 2014.
Year
Project costs
2014
£336
2015
£18,500
2016
£0
2017
£0
2018
£0
2019
£0
2020
£0
2021
£0
2022
£0
Total to dato
£18,836
The cottage is currently awaiting re-ereCt￿ on the Musgum's site.
Page 35

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
3]
Barn frame from Dordon, North Warwickshire
In 2016 the Museum was given 8 Partially-restored frame of a box-framed threshing bam
dismantled some years ago from near Dordon in North Warwickshire. Avoncroft has accepted this on the
basis that il is 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
osts associated with this building have been the cost of transporting the components of the limber frame
from storage from Beoley, Worcestershire.
The barn frame is temporarily stored opposilo the Museum's Showman's Wagon building.
Year
2018
2017
2018
2019
2020
2021
2022
Projgct Costs
£360
£0
£0
£0
£0
£0
£0
Total to date
£360
4]
Telephone Kiosk, c1905 01 the 'Norwlch' type
The Museum acquired a very rare earfy telephone kiosk from before the GPO (General Post Office)
became the national provider of telephone serwces and public call boxes in 1912. Thought to have been
installed c1905, the kiosk is a wooden structure of the 'Norwich' pattern which was the pre-stsndardis8tion
shelter design for public telephones in LFse by the National Telephone Company in the East Anglia region.
Originally sited al Gonville Place, Cambridge it has been acquired from the family of a collector who
rescued il in the 1980$. The Museum is very grateful to an anonymous donor who funded the purchase
(£8001 for Avoncroft. Although acquired in 2017. the kiosk did not arrive at the Museum until early 2018.
Significant restoration of the kiosk is required.
Year
2018
2019
2020
2021
2022
Profvct costs
£0
£0
£0
£0
Total to dat•
£0
Page 36

AVONCROFT klUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
5]
Crickot Pavlllon from Worcestèr City
The Museum has acqulred the remains of a Victorian Cricket Pavilion which was once home to
Worcestershire Cricket Club. The building wtll make an interesting exhibit to tell the story of Midland sport
once rebuilt, a project that will lake significant investment. It was dismantled in Summer 2019 and is
currently stored temporarity opposite the Showman's Wagon building.
Year
2019
2020
2021
2022
Propct costs
£15.000
£0
£0
£0
Total to date
£15,000
Bulldlngs rescued in the past
61
Water mill & machlnery from Temple Balsall FaTrn, Temple Balsall. Sollhull
In 1983 the Museum rescued parts of a farm mill and the water mill wheel and machinery. The project to
re-erect this building was attempted ￿'ce 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 at the Museum. The origlnal cost of the rescue of the machinery and building parts
was £14.738. The Museum considers this to be a heritage asset not on the Balance Sheet.
Pig Sty from Longdon, Worcestershlre
A small wooden pig sty was rescued in April 1978 from Longdon, Worcestershire al a cost of £528.
though the roof structure was known. il wasn't until after recent digitisalion of some of the Museum's
slide images from this period. that il was realised that several sections of the wall structure were also
stored nea￿Y and enough of this building survives to re-erecl it.
Larger non4)ulldlng herltage a$$ets
Carts, wagons, agricultural equlpmenl and other mobile exhiblls
al Showman's Wagon
From 1991- 1998 the Museum undertook the restoration of a 1910 Showman's living caravan which had
been presented lo the Museurn by the surviving children of the origlnal owner Tom Clarke. The elaborate
interior and the mahogany panelled exterior were carefully conserved, new wooden wheels made instead
of the replacement pneumatic ones and the ornamental palntwork scenes on the interior were all restored.
In order lo preserve this work a special exhibition shed whh Interpretation about the history of funfair
showmen. the Clarke family and the wagon was constructed to house it. The cost lo restore and house
this exhibit was £95.627.
Page 37

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company limited by 9uaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
b] Road menders, Wagon
The Museum was given a 1911 Worcestershire County Council road menders, living wagon in 1972 which
was then restored by the Museum. It is thought lo 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 al the Stanford depot until il was given lo the Museum. The 'Caledonia Queen, casl-iron slove with
which il is now fitted was removed from one of the other redundant wagons. The cost of the original
restoration was not recorded 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 ils size, and lack of
an appropriate building. has been displayed in the open.
c] Miller's Wagon
This vehicle was rescued from Arrow Mill, near Alcester, warwicksh1￿ and presented to the Museurn in
1980 by Mr Tony Carr and was restored in 1983 by Mr Michael Horler at Radford near Bath. It is thought
to have been built by Glovers of Warwick al the end of the 19th century. The cost of the origin81
restoration was not recorded in the Museum's Annual Report or Accounts in 1983. It is in need of further
restoration which is in planning.
d] Fire ladder
The 'curricle' wheeled fl￿-eScape ladder was used as a basic firefighting engine and extending ladder at
Umberslade Hall, Tanworth in Arden, Warwickshire. It dales from the lale-19th century.
el GPO Morris Mlnor van
This van, DVLA Registration NLW 918, during its working life was under the control of the Telephone
Manager, Chester and w8s first registered in 1959. This vehicle was part of 8T's Histor￿ Vehicle Flegl
Collection and was transferred into Avoncroft's ownership at the formal opening of the Kiosk Collection.11
is kept in working condition.
Agrl¢ultural exhlblts
The Museum holds an extensive agricultural collection including machinery. hand tools, animal and
Iractor-drawn equipment. The stored collections of hand-tools have been catalogued and the Museum will
shortly be undertaking a survey of the larger-scale machinery. None of these collections are known lo be
of significant value. Notable larger items of agricultural equipment include a 1930s reaper-binder, early
20th century hay elevator. a collection of ploughs, harrows, rolavalors and seed drills, two Lister stationary
engines and various items such as chaff-cutters, sack lifts. butter making equipment.
Archltectural and bullding$ wllectlon
The Museum holds a wide-ranging collection of items relating to the building trades as well as a study
colleelion of architectural fragments and materials including a subslanlial collection relating to the
briekmaking trade. There is also a large colFeclion of woodworking tools suitable for both the cabinet-
making and joinery trades, some of which are on display in the Introductory Exhibition.
Flre-mark collectlon
The Museum holds a significant collection of metal insurance fire-marks. This collection, was donated by
Mr Peter Coard, and was valued in 2004 at £30.000 by Mr Phil Morris, a committee member of the Fire
Mark Circle society. In 2016 Avoncroft acquired three high-quality large museum display cases and
displays incorporating a a selection of the fire-marks are now viewable by the public, along WTth contextijal
displays about the history of how fire affects buildings.
Pa9e 38

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limitgd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Other small exhibits
Many of the buildings which have been rescued have also had collectlons of appropriate contents
collected for display in the re-erecled exhibit. These include appropriate trade tools, furnishings and
fittings, domestic items and conlexlu81 material. The Museum also collected a stored collection of small
objects which were lo be used either in existing or future exhibit buildings or for other aspects of the
Museum's displays.
Sir Hugh Casson watercoloufs..
Sir Hugh Casson 11910-19991 was an architect, artist, interior deswner, writer and broadcaster who
became the first President of Avoncroft Museurn of Buildings in 1963 until he retired in 1992. These four
walercolour views of Avoncroft were given by Sir Hugh in 1991 to aid the Museum's fundraising efforts.
Value
approximately £350 each. based ofi other walercolour drawngs by C8sson sold in the UK in
2006-2012. Valuation by Simon Carter, previous Museum Director, March 2014.
John Piper11903-19921
John Piper was also involved in the Museum in the early years and the Museum and supported
fundraising. Avoncroft owns prints. one called 'Avoncroft Museum, 1175 {19761
value - approx
£2,200 - based on other versions of this print either sold or 8vai18ble. 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 Wightick Manor, Wolverhampton 29175119771- value approx £2,300 - 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 collection of engravings, modem watercdours and prints of the Museum
or relaled views. None of these are thought to be worth more than £300.
Archlve
The Museum holds an extensive archive of published books, paper and photographic records of the
history of the Museum and historic Midlands buildings both exlanl and destroyed.
While full catsloguing of the collection is still underway. it has nol been possible yel lo identify any
individual items which are of high value, however, there are holdings of some rel8b.vely rare 18th and 19th
century books and documents relating to the building trades, architecture and English history.
Pres6Thatlon costs
Expenditure which, in the Trustees, view. is required to preserve or clearly prevent further deterioration of
individual cotlection items is recognised in the Income and Expenditure account when il is incurred.
Loans In or out
The Museum has a very small number of loans (estimated less than 30 objects against a ball park figure
of 14,000 objects in the colleetionl however 6 of these are large scale items which are long-temi or
permanent loans.
Page 39

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11 Concrete 'T2rdis' swe Glasgow Police box (fixed lo concreted surface and would require a crane to
move). Loan reviewed on a regular basis.
21 Set of Victorian elaborate chimneys
approx 7-8 foot high and set onlo concrete base
Currer¢lly trying to establish contact with deceased lenders family.
lent 1973.
31 Mobile telephone exchange Icurrenlly wired into Museum's kiosk collection and blocked in by
subsequent landscapingl. This large trailer type wheeled vehicle is an integral part of the Kiosk Collection
and is owned by a long-lerm Museum volunteer.
41 Showman's Wagon -
very large living wagon on 'permanent loan. from descendants of the original
showman and his wfe. The family were reluclanl lo donate the item when il came to the Museum in the
1990s but in order lo raise grant funding an agreement was reached whereby the major grant giver,
NHMF. was to be consulted if ever there was a need to move it from Avoncroft, and that an alternative
Museum or public place would be found to display it.
5] Brickmaking machine
a large Viclori8n demonstration model for producing miniature bricks lo
demonslrale the method at trade fairs made by C. Whittaker and Co. Ltd of Accrington, Lanc8shire is on
loan from a private individual.
6] Restored GWR Goods Wagon- this rescued wagon was nearly entirely rebuilt using the original which
dated from the end of the 19th century as a pattem and re-using the surviving ironwork. 11 was placed orb
long-term loan al the Museum from a private individual who funded its ￿$toratIOn in 1991. A grant to
carry out urgent repairs was 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 arè being considered as part of the cataloguing process.
Loans out
The Museum has lent a decorated gable end from Lloyd's Mansion, Shrewsbury for a period of 10 years
(beginning 20101 lo Shrewsbury Museum.
Preservatlon and management
Avoncroft Museum is an accredited Museum under the scheme administered by Arts Council England.
The Museum employs a full-lime Heritage. Collects'ons and Interprelatlon Manager as one of ils Senior
Managers. The poslholder manages the collections in accordance with policies that are approved by the
Trustees and are in line wth the Arts Council Accredilalion scheme. Further infomiation on the Collection
is provided in the Museum's separately published Acquisition and Disposal Policy, Collections Procedures
Manual and 8uildings Maintenance Plan. Copies are available on request.
As explained in the Acquisition and Disposals policy. heritage assets In the collection are only disposed of
when. in the opinion of the Trustees, there is 8 good curatorial reason that the item does not contribute to
the interest and diversity of the Museum's collection.
Page 40

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
16.
Fixad asset investments
Inv8stmgnt$
subsidiary
companies
Company
Cost or valuatlon
At l January 2022
8,000
Al 310ecember 2022
8,000
17. Slocks
Group
2022
Group
2021
Finished goods and goods for resale
2.240
41
18.
Debtors
Group
2022
Group
2021
Company
2022
Company
2021
Due within ong ygar
Trade debtors
Amounts owed by group undertakings
Other debtors
PrepayTnenls and accrued income
Deferred taxation
2.561
5.857
1,252
24.898
148
18A10
413
21,241
148
19.195
7,207
10.089
3, 729
10,089
21,904
26,882
44,708
31,743
Page 41

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
19. Credltors.. Amounts falllng due within one year
Group
2022
Group
2021
Company
2022
Company
2021
Trade creditors
Other taxation and social security
other creditors
AGcruals and deferred income
40,072
5,408
14,378
38,121
40.419
3,460
10,966
36,563
33.225
2,371
14,377
34,523
2,123
10,966
97.979
91,408
49,973
47,612
20.
Deferred taxation
Group and Company
2022
2027
Al the beginning of the year
Charge for the year
13.7291
3,729
(4,233)
504
(3, 729)
The deferred tax asset 15 made up as follows-
Group
2022
Group
2021
Accelerated capitsl allowances
Tax losses carried forward
(634)
4,363
3, 729
Page 42

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
21. Deferred Income
Group
2022
Group
2021
Company
2022
Company
2021
Deferred income al 1 January 2022
Amount provided for in the year
37.670
402
18,629
19,041
4.745
1.203
15,329
(10.584)
Dgferrgd income al 31 Decembgr 2022
38.072
37.670
5.948
4,745
Page 43

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
{A company limited by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ststement of funds - current year
Balance at
31
Decembèr
2022
Balance at
1 January
2022
Income Expenditure
Taxatlon
Ggneral funds
General Funds- all funds
973,740
473,535
1533.419)
(3,729)
910.127
Tolal Unrestrlcted funds
973,740
473.535
{533,4191
13.729>
910.127
Restricted funds
Bringsty Church
Windmill
2.558
7,350
3.299
3,000
1,239
1,200
2.701
2.127
853
2.558
5.246
3.299
3.000
1,239
1,200
2,701
378
{2,104}
Educallon
Training
Town House Interpretation
Kiosk Collection
Airing Court Shelter
Wildflower Meadow
Nailerfs Cottage
Racksaw
GWR Raihmay Wagon
Wisteria Cottage from
Sneachill
(1.749)
853
388
2.850
2,850
354
354
Threshing Barn
Primrose Hospice
Hill End Cottage
Bromsgrove inslilule
20,000
417
20.000
417
5,934
3,000
5,934
3.000
57.270
(3,8531
53.417
Totsl of funds
1.031.010
473.535
{537,2721
(3.7291
963.544
Page 44

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Statoment of funds - prlor year
Balance at
31
December
2021
8alance at 1
January
2021
Transfers
in/out
Income
Expenditure
Unrestrlcted funds
Designated funds
Access improvements
Library archives
Education support
Airing Court Shelter
Nailevs Cottage
Building rescue and
improvements
Ajr Raid Shelter
284
(284)
(188)
(174)
(23,869)
(213,637J
188
174
23,869
273,637
4,327
600
18,836
47.327
75,000
(4,327)
(600)
(18,836)
f47.327)
(15,000)
Sneachill Cottage
Going FoNard lo Excellence
Cricket Pavilion
Designated Funds - all funds
324,242
(324,242)
General funds
General Funds - all funds
620.895
462,84T
(432, 722)
324,242
975.262
Total Unrestrlded funds
945, 137
462,847
(434.244)
973, 740
Page 45

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company Ilmlted by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Restrlcted Funds
Bringsty Church
Windmill
2.558
1.350
3.299
3,000
1,239
1.200
2.701
2,127
853
388
2.850
2,558
7,350
3,299
3,000
1,239
1,200
2,701
2.127
853
6.000
Education
Training
Town House Inlerpretslion
Kiosk Collection
Airing Court Shelter
Wildflower Meadow
Nailerfs Cottage
Racksaw
388
2,850
GWR Railway Wagon
Wisteria Cottage from
Sneachill
354
20.000
417
354
Threshing Barn
Primrose Hospice
Hill End Cottage
Bromsgrove institute
Subtotsl
20.000
4t7
5,934
3.000
51.270
5,934
3,000
57,270
6,000
Total offunds
996.407
468,847
(434,244)
1,031,010
Page 46

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA company limited by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Reslricled Funds
Bringsty Church
For ongoing maintenance of the building.
Windmill
For repair and maintenance of the building.
Milling al Avoncroft
For the development of flour milling and the inlerprelation of
the agricultural buildings al the Museum.
Education
For research & development of new programmes and active
eaming and access for young visitors lincluding under Ssl
and to support associated learning staff costs.
Training
To fund the training of staff and volunteets.
Town House Inlerprelation
To fund inlorpretive contents for the building (historic objects
and replicas).
Kiosk Collection
For maintenance and repair of the National Telephone Kiosk
Collecb'on.
Airing Court Shelter
For the dismantling. re-erection and repair of the building.
Wildflower Meadow
For the maintenance and development of the Wildflower
Meadow.
Nailerfs Cottage
For the dismantling, re-ereclion, interpretation and repair of
the building and garden.
Racksaw
For ongoing maintenance of the building and histori
equipment.
GWR Rai￿vaY Wagon
For repair and maintenance of the wagon.
Wisteria Cottage. from Sneachill
For the dismantling, re-ereclion and repair of the building.
Costume Re-enactment Project
To fund the project website volunteering portal (until 20181.
Threshlng Barn
For re•thatching the bam mof.
ACE - Going Forward to
Excellence
To undertake work to improve the Museum's overall
resilience based on the Arts Council England Support
project applicats'on.
Primrose Hospice
To provide respite aclivf(ies for the users of the Primroso
Hospice and their families.
Plas Cadwgn
For ongoing maintenance of the building.
Compost Toilet
To provKle a composting toilet facility.
Staff Support
To fund the cost of staff posts.
Page 47

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Hill End Cottage
For repair and maintenance of the building.
Elmley Foundation - Arts Events
small grant fund
To support a one-off arts performance (Romeo and Juliell
as part of the Bromsgrove Festival 2018.
Cricket Pavilion
For the dismantling, r&erection and repair of the building.
Tree Surgery
For undertaking necessary tree surgery around the
Museum'5 grounds.
Young People's Volunteering
To recruit and provide more volunteering opportunities and
encourage participation for young people to support the
work of Avoncroft.
Bromsgrove Institute
For the purpose of refurbishment of historic horse drawn
wagon.
Protection of Historic Assets
For the Protection of historic assets
Transfers between funds
The Iransfers from restricted lo designated funds represent restricted funds used for capital spending on
assets that were recorded as desHJnaled on the balance sheet al the discretion of the Iruslees. The
transfers fiom designated lo restricted funds represent the allocation of the depreciation charges on
assets bought using restricted funding that were subsequently recorded as designated assets. The
transfers from designated to general funds represent the trustees decision lo unallocate unre51ricted funds
prewously set aside for specific purposes.
Donors and Grants in 2022
Arts Council
CRF2 Grant
Bournville Village Trust
George Cadbury
Primrose Hill Trust
LG Harris Trust
Individual donation
Birmingham Common Good Trust
Reddilch Westerners Association
Cadburys
Bromsgn)ve Court Leet
Recycling Lives
Other
£18,394
£27,600
£12,000
£10.000
£5,000
£5,000
£1,080
£1.000
£1,000
£500
£485
£232
£3.523
Page 48

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A Company Ilmlted by guarant991
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
23. Summary of funds
Summary of funds - current year
Balance at
31
December
2022
Balance al 1
January
2022
Incoma Expenditure
Taxation
Gen8ial funds
Restricted funds
973,740
57.270
473,535
(533,4191
(3,8531
(3,729)
910,127
53,417
1.031.010
473.535
1537,272)
(3.7291
963.544
24. Analysis of net a$$ets betsveen funds
Analysis of net assets between funds - Gurrgnt year
Unrestrirted Restrlcted
funds
funds
2022
2022
Tot81
funds
2022
Tangible fixed assets
Heiilage assets
Current assets
Creditors due within one year
337,659
450,072
220.375
197.9791
337.6S9
450,072
273.792
{97,9791
53,417
Total
910,127
53,417
963,544
AnalysSs of net assots betwean funds - prlor year
Unrestricted
funds
2021
Restric(eé
funds
2021
Total
funds
2021
Tangible fixed assets
Heritage assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
349.817
413.218
298,384
(91,408)
3. 729
349,817
413,218
355,654
(91,408)
3.729
57,270
Total
973. 740
57,270
7,031,oto
Page 49

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
(A company Ilmlted by guarant09
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
24. Analysis of net assets between funds (continued)
25.
Roconclllatlon of net movemgnt in funds to net cash flow from operating activities
Group
2022
Group
2021
Net incomelexpendilure for the year las per Slalement of Financial
Aclivitses)
167,4661
34,603
Adjustments for:
Depreciation charges
Amortisalion charges
Decreasellincreasel in stocks
Decreasellincreasel in debtors
Increaselldecreasel in credltors
Tax charge on trading subsidiary
18,411
1,428
12.1991
1.249
6,571
3.729
20,270
3,840
159
(9,525)
(5,4T1)
Net cash provided byllusod in) operatlng adlvlties
138.2771
44,380
26. Analysls of cash and cash equivalents
Group
2022
Group
2021
Cash in hand
249,648
332,460
Total cash and cash equlvalents
249,648
332,460
Page 50

AVONCROFT MUSEUM OF HISTORIC BUILDINGS
IA cornpany limit￿ by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
27. Analysis of changes in not debt
At1
January
2022 Cash flows
At31
Dgcgmbor
2022
Cash at bank and in hand
332.460
{82.812)
249.648
332.460
(82,8121
249.648
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 not8
11 represents the contributions payable by the Charity to these funds.
29.
Principal subsidiaries
The following was a subsidiary undertaking of the Company=
Name
Cornpany
numbgr
Class of
shares
Holdlng
Includod In
con501idation
Avoncroft Enterprises Limited
03303524
Ordinary
The financial results of the subsidiary for the year were..
Name
Income
Expendlture
ProfiUILossl
I Surplusl
{D8fi¢itl for
the year
Not
liabilitie$
Avoncroft Enterprises Limited
193.152
(191,4321
1,707
490
Page 51