AMBERLEY MUSEUM AMBERLEY MUSEUM & HERITAGE CENTRE Registered Company Number 01402483 Trustees, Report & Consolidated Accounts 31 December 2023 The King's Award for Voluntary SeThi<e
AMBERLEY MUSEUM & HERITAGE CENTRE Index Board of Truscee5 Report StateMt of TN5tee5 ResPc5bIllrieS Staceme)t as co disclosure of Infnall0n £0 Auditors Indepg)dent Audi¢oTS' Report 10 the Trust 10-12 The FIncIal Sta¢eme)ts 2023 13-16 Notes to the Financial Statemthis 17-28 ANNUAL REPORT 2023 PAGE12
AMBERLEY MUSEUM & HERITAGE CENTRE Board of Trustees, Report The Trustees, who are also directors of the charily for the purposes of the Companies Act 2j6. present their report with the financial statements of the charity for the year ended 31st December 2023. The financial 5tatementscomplywith the Companies Acl 2Th, the Memorandum and Articles of Association and Accounting and Reporting by Charilies= Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive 1st January 20151. History, Objectives and Activities The Company was incorporated on 28th November 1978 and has been known since 2011 as Amberley Museum & Heritage Centre. By licence from the Secretary of Siale for Trade. the word "Limited" is omitted from the Company's name in recognition of its Charity status. The Company is governed by a Memorandum and Articles of Association and is limited by guarantee. Accordingly, it has no Share capital. The Museum, established on 36 acres of the former Pepper's chalk pits and lime works in the South Down5 National Park, exhibits the induslFial hislory, transport, communications and traditional crafts of southern England. Most of the original Pepper's buildings and lime kilns are nationally listed a5 Scheduled Monuments. Such a Victorian industrial community is rare in southern England. Buildings previously listed as of architectural or historical interest at their original sites have been rescued and re-erected at ihe Museum. These include the 1820Gin Mill Building from Arundel.. an 1842 ca51 iron flamed tanyard building fiom Horsham,. the 1894 Hove railway ticket office and the c.1870 Billingshurst signal box. Seven other tiJde or transport buildings, some with contents, have been moved and preserved within the Museum. Against this backdrop. the Museum collection comprises over S0,(KK) artefacts and items in our archive and library. mostly on display and many regularly demonstrated. Of national or regional SIEnificance are.. the only fully working Printing Shop in southern England with a comprehensive press collection showing development from Caxton to ihe last hot-lype newspaper typesetting machine of Ihe late 20th century. the Museum of Roadmakin& showing road development through the ages. the only such museum in the UK. the Milne Collection ol electrical domestic and industrial equipment from the earliest days to the present, iniliated by the South Eastern Electricity Board and the only southern example of three such collections in the UK. a comprehensive working collection of amateur and military radios and televisions. one of the four major UK collections of industrial narrow-gauge railways. wilh an emphasis on southern England. the nationally significant Conneded Earth communications collection from Britlsh Telecom and the Post Ollice. an extensive collection of Southdown buses. sever31 ol which are used to provide a daily service around the Museum. ANNUAL REPORT 2023 PAGE13
AMBERLEY MUSEUM & HERITAGE CENTRE Reference and Administrative Details Charity Commission ReElStered Number= 278722 Companies House Registered Number.. 1402483 Registered Office & Place of Business-. New Barn Road. Amberley. Arundel. 8N18 9LT Trustees.. Rich3rd Vernon Appointed 7 August 2017 Chairman from 15 April 2020 Appointed 7 February 2017 Deputy Chairman from july 2020 Appointed 11 November 2019 Appointed 21 january 2019 Appointed l November 2020 Appointed 23August 2021 Appointed 2 February 2022 Appoirbted 24 july 2023 Appointed l August 2024 Appointed l August 2024 Graham Duxbury Surrie Everett-Pascoe lonathon Vincenl Edward Armslon-sheret Adrian Butcher Stephen lones Marie Tvlley-Rose Alan Brewer Leanpe O'Boyle AtJditors= Parkers 178- 180 Church Road, Hove, BN32DJ Bankers.. Barclays Bank pl£ I Chapel Road. Worthirhg, BNII IEX CAF Bank Ltd 25 Kings Hill Ave, Wesl Malling, ME194JQ HSBC I Warwick Street, Worthing, BNII 3DE Stottish Widows Bank PIC P. O. Box 12757. 67 Morri50n Street. Edinburgh. EH3 8YJ Virgin Money jubilee House. Gosforth, Newcastle upon Tyne NE3 4PL Other Officers and Key Staff.. Katrina Burlon John Betts Alan Morcombe Director Curator Finance Officer Appointed l January 2023 Appointed 19 April 2022 Appointed 8July 2019 Resigned April 2023 Appointed J May 2023 Alanta Carrwalters Finance Officer ANNUAL REPORT 2023 PAGE14
AMBERLEY MUSEUM & HERITAGE CENTRE The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2(KJ6 to have due regard to the guidance published by the Charities. Commission on public benefit when reviewing the Charities, main aims and objectives and in planning future aclivities. The Trustees regularly review the major risks to which the Company is exp05ed. A Risk Register is maintained by the Trustees and is reviewed and updated on a regular basis. Insurance cover is maintained against normal commercial risks. Structure, Governance and Management Trustees are recruited as required and with regard to the specific skill sets they can offer. One Trustee joined in 2023. The numberof Trustees al the end of 2023 was eight. An additional two new Trustees have been recruited in 2024. Regular meetingson both a formal and informal basis are held between Trustees, Employees and Volunteers to discuss matters of mutual interest and concern. Day-to-day responsibilities forrunningthe Museum are delegatediothe management team headed by the Museum Director. The permanent employeesare svpplemented by temporary staffdufingthe open season. A key part of the Museum workforce is an active body of 405 volunteers, each with iheir own area of interest and expertlse. The Company owns all the issued share capital of Amberley Museum (Reiaill Ltd. The subsidiary operates the restaurant. retail and print shops at the Museum. Any profits generated by the sub51diary are Covenanted to the Museum. A separate charity, the Amberley Museum Trust, holds all exhibits other than buildinES SO the exhibits are not therefore registered in ihe accounts of the Company. Our Members Membership of the Museum is offered to the general public and to volunteers wishing to take part in the Annual General Meetingand any other special meeting which may fundamentally change the way the Museum is governed. Members ffiay choose to have voting rights at the AGM. 2023 Operational Review The Museum had a good year in 2023, with visitor numbers rising to 56,395, compared to 54,483 visitors in 2022, and 51.535 pre-pandemic. in 2019. Membership numbers continued to growas vi51tors looked for opportunitie5to enjoy the wide range ol events on offer thioughout the year. This included car shows. Emergency Services weekend, Home Front. the Ale and Craft weekerKI. various steam. train and bus events. plus special H31loween and Christmas events. Key to the Museum's future was the signing of a new lease for our sile w4th our Landlord. West Sussex Countycouncil. This is for 125 yearsat a peppercorn rent and includes about 6 more acres of the field beside u5. This is extremely valuable as it give5 an addilional parking lor staff and volunteers on busy days, thus freeing up spaces in our main car park. We believe this le35e represents a significanl vote of confidence in the Museum by the Council. The Museum site now covers about 41 acres. ANNUAL REPORT 2023 PAGE15
AMBERLEY MUSEUM & HERITAGE CENTRE Another major achievement was that we heard in spring 2023 that our application to the Museum Estates and Development fund to carry out restoration and access works on the historic Bagaing Shed had been successful. This Brant amounted to £433.766. with an additional £30.[ being contributed by the Museum. There then followed 3 long process of procurement, surveys, a¥chitectural plans and permissions before work started in january 2024. Early in 2023 work started on updating the Forward Plan. selting the key strategic aims for the museum forthe period 2023-2026. This work idenlified a need to continue to raise the profile of the museum and to develop sources of income for the future. Ducing 2023 3 new marketing plan was put into action. a legacy programme was launched. and over £8.LKK>of grant funding obtained for a r3nge of different piojects. During 2023 there was some changeover in core staff, providing opportunities to recruit to new roles focused on key areas of need and development. A Collections and Evenls Assistant started in lune 2023 to help develop the events programme to betteralign with the museum and its purpose. At the end of the year, the opportunity arose to recruit for a part-time Health & Safety Officer, and a part- time Events andvenue Hire Manager wtEh a remil to develop those income stre3ffl5 for the charity. During 2023 several essential maintenance and repair projecls were completed, including the replacement of the steps on Billingshurst Signal Box, repairs to roofs across the sile, and repainting of the bus garages. Much ofihi5 w35 achieved thank5 to generous financial support from the Friends of Amberley Museum and the Southdown Omnibus Trust. The staff and volunleerteamcontinued to deliver an excellent experience to visitors. scoring 829/0 in the Visit England assessment in summer 2023. A number of new initiatives were introduced to add to the visitor experience. including a series of additional experiences for groups and regular Discovery Days looking at lesser-known parts of the museum and its collection. Volunteers With a small team of 12.5 full time equivalent staff. the Museum continued to be heavily reliant on the volunteer team. Volunteers look alter the collections, share their knowledge with visitors, run the daily bus and train services. maintain the site and help with administration. Visitor feedback confirms thal it is interaction with our dedicated volunteer5 that is a key part of successful visits and we are incredibly grateful lor iheir contribution. During 2023, the new Volunteer Manager. who started in May. worked hard to build up the volunteer numbers. reaching over 4(K) by the end of 2023. Effort5 were also made to engago with corporate groupsto offer micro volunteering opportunities. which has proved very benelicial to the museum. Late in 2023. it was announced that Amberley Museum had beerb granted the King's Award for Voluntary Seivice. This hard-to-achieve award is a just national recognilion of the enormous contribution made byour Volunteers. A presentation of the Award was made bythe Lord Lieutenant of West Sussex. Lady Emma Barnard ear in 2024. Learning ANNUAL REPORT2023 PAGE16
AMBERLEY MUSEUM & HERITAGE CENTRE Formal and informal learning visits increased in 2023 with over 3,(KM) children and younE people enjoying a school visit and a further 2.1? taking part in family activities. A new unifoimed groups day was introduced, with the first attracting Brownie packs from across West Sussex. 2023 saw several community engagement projects come to frurtion. including the Time5cape wellbeing and arts project funded by South Downs National Park, and the Grow Project for adults living with poor mental health. Collections There continues to be a moratorium on accepting Items into the collection lunless the object is of exceptional significance and relevance) due to a lack of suitable collection slorage space. The Collections Developmenl Policy and several oiher key documents were reviewed and approved by the Trustees durirhg 2023 ahead of the Museum'5 accreditation review in january 2024. In 2023. the Curatorial team compleled two new interpretation projects. including the revamped Cycle Exhibition and the Hidden Innovators online and onsite exhibition focusing on little known stories of key individuals 3ssociated with the collectior)s. Financial Review As reported, flnaniial performance improved dramatically in 2023. Group net income including depreciation was £220,184, more than turning around the loss ol £,486 in 2022. Group net income excluding depreciation was £266,1, compared with a1055 of E44.570 in 2022. However included in 2023 income in the accounts is restricted fund income of £246.883 constituted a5 first Stage grant f Inance for the MEND Imuseum Estate and Development) proje(t_ Second stage MENDgrant income, nd expenditure on th4$ will be reElStered in 2024. Allowing for MEND funding, Gfoup Net Income, excluding depreciation, was £19,698 compared with the loss of £44,570 in 2022. The ba515 for this 15 as follows.. AMHC Development of Net Profit 2022 2023 Museum Profit MENDlncome Trading Profit Retail Profit AMHC -64.627 246.571 -312 -44.570 19.698 Thu5, Museum losses were curtailed between 2022 and 2023, and retail profit stabilised. The Museum's performance was underpinned by a growth in income from £649,769 in 2022 to £687.680, excluding MEND. in 2023. Entrance income increased from £423.541 to £480.118, with a 4% increase in visitor numbers and an increase in income per head. Expenses. fell from £714,397 to E687.990. Salaries increased only by 2% since increased salary rates were offset partially by periods of staff turnover. A range of site running costs were reduced. Retail income, mostly from the restaurant and shop, increased by £63.J20. C051 of sales increased f rom £127,875 in 2022 to £177,982 in 2023, with modest increase in otherexperhses, contributing to no change in overall relail performance. ANNUAL REPORT 2023 PAGE17
AMBERLEY MUSEUM & HERITAGE CENTRE Moving into 2024 it is clear that economicconditions in the country have been poor, with household income being stretched for leisure use. However at the time of writing, Museum performance has proved robust. In the period to August provisionald3ta indicate that, despTrte a fall in visitoi numbers of ICPh. Museum income has increased. expenditures are flat compared to 2023, and Retail profits have increa5eil. Financial security is enhanced by the Museum's reserves position. Total cash reserves for AMHC at the end of 2023 were £385,587 (excluding MENDI. These reseryes were slightly higher than at end 2022. The Friends of Amberley Museum & Heritage Centre has continued to provide valuable financial resources to the Museum as a result of ils fundraising activities. Reserves Policy In order to be a responsible and resilient charity, AMHC holds financial reseryes to cover 5ea50nal operational needs and protect the charily, with best eflort, against unforeseen drops in income. Restricted Funds.. These are reseNes thatcan onlybe used lorspecilic purposes, usually determined by tho provider. These restricted reserves cannot be used for normal day to day expenses. They mounted to E378,264 at the end 012023, net of De Witt kiln lixed asset5. Designated Funds-. These are allocaled by the Tiustees as ring fenced for uses agreed with volunteers to meet priority exhibit needs or may be allocated by Trustees for site maintenance or investment purposes. Use other than these purposes would normally be agreed between Trustees and relevant parties. Contingency Funds". Given the challenging economic circumstances the Museum continues to operate in, with periodic threals lo overall financial sustainability. the Trustees have set aside a tranche of funds only to be used in dire circtjmstances trig@ered by outside national eionomic or other internallexternal events. An element of these is the £50.(XKI 'Bounce Back, loan obtained under Covid conditions. This is being Tepaid on a monthly basis. Uniestricted Funds: Unrestricted funds free reserves - are those available for the day to day running ofthe museum and are generated through daily income and necessary expenditure flows to enable operations to continue safely and efficiently. Statement of Trustees, Responsibilities The Trustee5 Iwho are also the direitorsof Amberley Museumand Herilage Centre for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IU nited Kingdom Generally Accepted Accounting Practice). Company law requires the trusteesto prepare financial statements foreach financial year which give a true and fail view of the state of aflairs of the ch3ril3ble company and the group and of the incoming resources and application of resources. including the income and expenditure, of the charitable group for that period. In preparing ihose financial stalements, the trustees are required lo.. select suitable accounting policies and then apply Ihem consistentlv. ANNUAL REPORT 2023 PAGE18
AMBERLEY MUSEUM & HERITAGE CENTRE observe the methods ond principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements, and prepare the financial Siaiements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 21XJ6. They are also responsible for safeguar(ling the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fi3ud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. legislation in the United Kingdom goverrbing the prepaiation and dissemination of finaniial Statements may differ from legislation in other jurisdictlOll5. Statement as to disclosure of information to Auditors So far as the Trustees are aware at the time of approving our Trustees, annual report.. there is no relevant information las defined by Sertion 418 of the Companies Act 2CX)61, being information needed by the auditor in connection with preparing their report. of which the charitable company'5 auditors are unaware. and the Trustees, having made enquicies of fellow dirertors and the gioup's auditor that they ought to have individually taken, have each taken 311 steps that helshe are obliged lo lake as a director to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditors The auditor5, Parkers. will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small Companie5. By order of the Trustees Richard Vernon Graham Duxbury Depuly Chairma an tlrno( OATE ANNUAL REPORT 2023 PAGE19
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM AND HERITAGE CENTRE COMPANY NUMBER 01402483 Opinion We have audiled Ihefinanci81 slaiementsofAmberfeyMuseum and Herilage Centre Ithe-charilable Group and Company I lor the year ended 31. Dember 2023 which comprise the StatÈmenl of Finan¢ial A¢tivilies. the Balance Sheet. Ihe Cash Flow Slalemenl and notes lo Ihe finanaal slatements. including a summary of Sl9nilicanl accountin9 policies. The finaneial reporting fiarnework that has been applied in their prèparation is applicable law and United Kingdom Accounb'ng Standards. induding Financial Reporting Standard 102.. ThÈ Financial Reportin9 Standard applicable in Ihe UK and Republic of Ireland (United King¢Jotn Generally A£91ed Accountsng Praclicel. In our opinion. the financial slalements. give a true and fairview ofthe stsle ollhe Cha¥ilable Group and Company saflarsas at 31%l December 2023 and of Ils incoming resources and applicalion of resources for Ihe year Ihen ended". have been properfy piepared in accordan wjlh United Kingdom Generally A£PIed Accounting Pratlite. Includin9 Finaneial RepoTr9 Standard 102 'The Finaneial Reporting Slandard applicable in the UK anij Republic of Ireland. and have been prepared In accordance wilh Ihe requirem8nts of Ihe Companie5 Act 2006. Basis lor opinion We condueled our audit in accordancewilh International Slandards on Atsdibng IUKI IISAS IUKII and applicable law. Our responsibilities underlhose slandardsare furiherdescribed in the Auditor 5 respon51bililies lor Ihe audit of the linanei21 slalen)enls seeiion of our report. We are indepèndent of Ihe Charitable GroLJP antj Comp2ny In accordance wilh the ethical requirements that are relevanl lo our audil of the financial slalernenls in Ihe UK. Including the FRC"s Elhic31 slandard.and provisionsavailable forsmall entithes. In ihe cireun)siance5 Sel out in note 1 to Ihe financial slalements. and we have fulfilled our olher ethic31 respon5ibilibe5 in accordan with Ihese reqUiremers.We bÈliÈvelhal Ihe audilevidencÈwe haveoblained is sufficienland appropriate lo provide a bas¥s forour opinion. Conclusions relating lo going concern In auditing Ihe finanoi31 staleTnents. we have condu¢Jed Ihal Ihe trustees. vse of Ihe goin9 concern basi5 of a¢tounling in Ihe preparab'on of the finanrial statements is appropriate. Based on Ihe work we have pertormed. we have not idenlilied any tnalellal vncertainlies relating lo even15 or condib'onslhal. individua11yorcollecb.vely. maycast significanldoubl on the enlitys ability lo conlinuÈ as a going concefll for a period of al least iwelve rnonths from wh¢n Ihe linanoal 51alefflents are aulhorised lof 15sue. Our responsibilities and ihe responsibilities of Lh8 trustees with respect lo going concern are described in the relevant 5eclion5 of Ihi5 report. (Xher information The olhef Informati( compii5es the lnlormab.0 inCludj in Iheannual reporlothe¥ Ihan the linanoal sialemenls and our auditor's repott Ihereon. The trustees are responsible for Ihe other information ¢oniained within the annual report. Our opinion on Ihe financial slatements does nol cover Ihe other information and. except to the exlenl olhÈrwisÈÈxplicittysialÈd In our report. we donot express anyform of assurance eonclusion Ihereon. Our responsibility Islo readthe olher Inforrnalionand. In ¢Joing so.con5iderwhelhei ihe olhei Information is materia in¢onsislenl wilh the f1nanoal stalÈmenls or our knowledge oblained in the eourse of the audit or olhÈMise appeafs to be rnaterially mis51aled. 11 we Idenlify such material Inconsislencies or apparenl material rnisslalemenls. we a reguld to dÈlermine whelher this gives rise to a material missialÈmenl In Ihe financial slalernenls themselves. 11. based on Ihe wort we have perfofmed. we conclude Ihal there Is a material niis51alemÈnl of this (>ther Inlomiation. we are rÈquired lo reporl that facl_ We have nothing to report in Ihis regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on Ihe work undertaken In eourse ol the audit.. the information given In Ihe Iruslees. report Iincorporating Ihe operabonal and financlal review81 for Ihe financialyearforwhich Lhe financialstalementsare p¥epa¥ed isconsislentwilh the finanual slalemenls.. and the Iruslees report (incorporatin9 Ihe opei3lional and Ihe finan(ial rewewsl have been prepared ITh a¢¢ordan¢e %Yilh appli¢able lÈgal requ1Menl. ANNUAL REPORT 2023 PAGEI 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM AND HERITAGE CENTRE COMPANY NUMBER 01402483 Matler$ on whi¢h we are required to report by exception In ihe light of the knowledge and undeistandin9 of the Charitable Group and Company anij ils environn)enl obtained in Ihe course of the audil. wehave nol idenbfied rnalerwl mis51alemls in the T¥ustees' Annual Report. We have nothing lo report in respÈtl Of the following matters in relab'on lo which Ihe Companies Act 2006 requires us to report lo you if. in our opinion. adequale accounting records have not been kept OT febJm5 adequate fof our au4Jil have not been received from b¥anches noi vi5iled by us". Ihe linancial slalemenls are not in agreement wilh Ihe accounting records and returns., certain disclosures ol trustees. remunerabon speafied by law a not made., of we have not obtained all the informabon and explan3b.ons nece55ary for ihe purposes of our audil. Responsibililies of thè trustèes As explained more fullyin the Iruslees. SpOnsIbl11"esstjietnert.the trUse$3re SponsIble10r1he preparalion of Ihe financial slalementsand lorbeing sabsfiÈd that they give a true and fair view, and for such inlemal COTilrol as Ihey determine is necessary lo enable Ihe prepafalion of finanoal stalernen15 that are free from malèrial misslalernenl. whether due lo fraud or error. In preparing IhÈ linancial stslemenls, the tnjstees are SpOnsible for asse5SItI9 the Chanlable Group and Company s abilitylo conlinue as a going COnm.dIsOSlng. asapplitable. mamers related lo going cx>ncern and using the going eoncern basisof accounng uTrlesslhe trustees eitherinlend to Iiquidale the Charitable Group or Cornpany or lo cease operab"ons. or have no realiS"t alterna"ve b1 lo so. Our responsibilitie5 for the audit of the financial $talements Our ob5e¢bves are to oblain reasonable assurance about whether the finanual statements as a whole are free from material misslaternent. whether due to Iraud or errol. anij to Issue an audiiof 5 repofl that Includes our opinion. Reasonable assurance is a high lÈvel of assur8nc8. bul is nota guarantee th3t an audit conducted in accordar)ce wilh ISA5 IUKI will always delecl a material mi5slaternenl when il exists. Mis51alements can arise from fraud or error and ao ¢onsidered material if. indimdually or in Ihe a9gregale. they could reasonably be expetled lo influence Ihe economic ijecisions of users taken on the basis of these financial stslemenls. Identificatlon and assessment of irregularities including Iraud Irregulafilies. including fraud.are instsncesof non-complkince with laws and regulations. We design procedures in line with our respon5ibililies. ouuined above. lo delecl rTralerial msslalerTrenls In respect of irregularities. inclLJding fraud. The exlent to which our procedu$ a capable of dete¢ting IrgUIantse$. induding fraud is deiailed below.. We lo¢usedon spec+fic laws and regulabonswhith w8 considered may have a direcl maierial errecl o Ihe financial slalernenls or Ihe operabons of Ihe Charity. including the Companies Acl 2006. obtained an undersianding of the legal and regulatory framework applicable to the entity and how the entity is complyingwilh Ihatfrarnework bymaking appropriate enquines of rnanageTnenl as well as considerin9 Ihe internal ¢ontrols in plate lo mitigate risks of fraud and Aon-tompliance wilh laws and re9ulalions'. We made enquirie5 01 Ih05e charged wilh goveman¢e and managetnenl concemin9 The ri5k5 of fTaud". Instances ol nonoompliance wilh laws and regulations or knowledge of actual. suspecled. or alleged fraud 15 docutnenled dunng Ihe period". We allocated an en9agemeniieam Ihalwe Considered colleetively had 1heapproprialec0mpelere and tapabililies lo identify or recognise non-compliance wilh laws and fegu1ations Audit response to the risk ol irregularities includTrng fraud Based on the results ol our nsk assessment. our procedures Included. butwere not limited to.. Perforrning analytical prOU[*S lo idenb.ly any unusual or unexpeclÈd relabonships Ev31ualing whelherjudgemenisand assvmpbons made indelemiining Ihe acun.ng eslimales setout in note 1 were indicative of potenlial bias As5e5sing whelherjudgellientsand assumpbor6made indelemiirring the a¢o)unb"ng eslimales set oul In note 1 were indicative of polentsal bias. Agreeing financial slalenienls disclosures lo unijedying supportln9 documenta.0 Reading the ffjinules of meebngs of ¢hose charged with governanc ANNUAL REPORT 2023 PAGEI 11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM AND HERITAGE CENTRE COMPANY NUMBER 01402483 Reviewing Ihe correspondence wilh le¥an1 fegulalory bodies Tesb"ng ol iournal enbies to addrÈss Ihe risk of fraud ihrou9h managemenloverride In¢orporation an elementof unprediclabiltyin the selecbon of the nature. timing. and exlenl of our audit procedures. Corroborating the business rationale for transactions outside lh8 norm81 course of busin8SS. C(>nGIu5ions regaidlny the risk$ of Frregularitie$ in¢luding fraud Theie are inhereni limitations in our audit procÈdures described above. The more removed that laws and regulats.ons are fiorn financial transac.05. the less likely il Is Ihalwe would become aware of non-complian. Material misstatements that arise due lo fraud can b8 harder lo detect Ihan Ih05e that arise ffom error as they ay involve deliberate ¢on¢ealmÈnl or ¢ollu$ion. We Considered our auditwas capable ol detecting irregularibes due lo.. The effectiveness of the entsty's internal controls. The nature. liming and exlent ol audit procedvres perfomied-. and The absence of ¢ontradi¢lory eviden A further description of our responsibililies for the au¢Jil of Ihe Iinanoal staiements bs located on the Financial Reporting Countil's websile al.. hllpsjhvw4_frc_org_uklaudilorsresponsibilities. This desuiplion forms part of our auditor s report. Use of our report This report Is niade solely lo Ihe Chartlable (koup and Company s members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. raUdItwOrk has been ulldertaken so Ih31we Might 51ale ihe Charitable Group and Company s niembers those matters we are required to slate lo them in an audilor s reportand forno other ptsrpose. To Ihe fulleslexlent perrniiled bylaw. we do not ac¢epl or assutne responsibility to 3nyoneolher than Ihe CharikableGroup and Company members as a body. forour audilwork. for Ihis report. or for the opinions we have formed. AnnttLt War50n PhD BSC FCA (Senior Stsrutory Audirorl For and tsn behi111 ol Parkers ChArtered Ac£oununcs and Stawtory Auditors Cornolius House 178-180 Church Rd Hove East Sussex BN3 2DI DATE ai.kn S ioj Ic)214 ANNUAL REPORT 2023 PAGEI 12
klllBTr-RI.F.I' f¥ll'SF.UII LIND IIF.RIT.-IGE CENTRE (.'())IP.,INI' Niril B Tr: R 0 1402483 C.'())'%I)LII).ITEI) ST.ITEIIENT OF FIN,INC-I.IL,ICTII-ITIES r()R TllTr- I'Tr-..IR Tr-1S1)F' l) 3 1: 1)F-I'Tr'.IIB Tr'R 2023 Iiicor oratin I'ou incvine e i'nditliTe ae¢ount 202.1 2022 Rc51ricled Tr-linds Ilnreslricied Fiinds I'otxl iiiids 'l-olal 'Iii)ds Iiiciittiii aiid ciidoii'nients froni 29.3.48¥ 56,98? 4811.11% 350.470 48Q.I 18 421 83 5.j..S?.3 421 i41 348.937 17 C.'liJrilciblL -I'ot#l 29.1.48.8 9(?.1.71.3 1.257,201 92S..31 328,$90 66? 11() 328 590 708,427 288,-417 7311.487 46?()I Total 4().?91 )()0.72() 1.037.U17 247.197 127,01.31 2211.1li4 11)11.4X()I TrAnsfers 1)etiieoii funds t.t nioi'emoihl iii liin(Is 247.197 127,U 1.1 I 2?0.184 190.4861 RecoTicili4ti(Iii (Ir riinds 288.9_10 760.074 1.049.INJ4 I, l_Il).490 'I'atAI b iiiid5 C#ll'ried j.16.1?7 73.1.061 1 ?6(),18S' I OIIL ol- IliL gyioiips. 1L L1ii'iliLS 4llNiiir¥xI di1171)Ll¥ll dLiiingF ihl aly)i-L Ill'u I'ii)JllLiLII P¥rio(l%. TIIL gyfuLlP has no rLLO!Di)jscd LP<?il)s or lossl Othir Ilic111 11)i SlilIL$ lor Illi ¢ilx)i'i lil-o 111111 Illlii I i)Lri(Kls. Tlic N'i)Ic% i)n P*?gvc% 17 11) 2k lorm part ol- tlic%c aL¢OILiII% ANNUAL REPORT 2023 PAGEI 13
IIBF.RI.F.I' I}II'.%F.11)i ..IN D IIF.RIT.-IC.F. C:F.NTRF. c().III'.,IN I. N I:,.IIIIF.R O140248_1 c()N.SC)I,ID.ITF.D R.11...IPiCF. SIIF.F.T -,i-1' 3151 1)Tr.C-F.IIBF.R 2023 2023 2022 IXl-.l) ASSTr:-I T1< iiiJiblL .45SLIS 710.37? 7.31.8?2 ? ()4() X,(?77 -17L).781 DLbioi's CJ%l) Lil Bcll)k and in 111< lid i911.¥64 ()3Y.410 4111.407 C-IIfr' I)I'I'ORS: anioiiiils falling due ii'ithin oiie l'ear 10 6().4?7 9.94.1 el C'.iirreiil &I55et 472.983 341.4()4 C.'R Tr-.I)I'I'(IR%: anioiinls fAllin2 diie after 14,ICI7 24.282 Ni.1 ..Issits 1.269.188 1.049.004 FIINI) 53C).127 731.061 288.9_10 71)0.1174 U'iirLsli-iLli(l Fiinds 1.269.188 1,04L).004 TIIL Ii"Ii4lLL5 hail pr¥P&iriMI gtuiip acLthfftl% in aLiord111CL Ii'iIII SLLlii)ii_Il)g ol-IIIL C-I)IllP1niL% ALt 2(K)() inniicil <lLLUUI)Is fLqiiifL(I bi. IliL ColllPil11iiS ALI ?nii() 4iiid f¥ lor LifLiilcilioii lo niiiiibirs ol. Ilii LOIIIP&llly. -I-IIL l-illallLi<il slalLIIILIIIS Il"LfL Iippfoi-Ld by ihi B041rd ol- TnisiLCS on 27 S ,In(l ii-ifi %igini(I i)n il_% hLhLIII- by.. ) "¥. ,Lo) 2(5211 -he N'(IlL% on p:iiJes 17 10 28 l-oriii P<ln of Ihe%e clLL()111)I ANNUAL REPORT2023 PAGE114
tIIIBF.RI.F.I' 1(,.%.11.1I ..IND IIF-RIT..IGE CENTRF. c()III'.I)'}' NITiIBf.R t11402483 C'()N%()Lll)..I'l-Ll) C'.I%II Tr'L()11 ST.-ITF.IIENT èI1' 31, 1)F-C'F-.IIBTr-.R 202.1 2023 2022 ot ineiJiii¢llcipenililiirel for the l'ear ??V. I g4 I()0.411C)I Adjiislnieiils for: DLPILLI;IIii)11 Lhiirg¥s I)L ILrriLI l£iX iliiirg¥ for Illi I'Lclr 46,-397 (5.0.101 13 171 Lus5'lprul ill on sal¥ ol- l iXL'cI assLIs Ilni i-LIl%L l.(ILLfLIL KL 111 Stolk IlnL riilSL l..'(ILLfLc1SL 11) (ILbiors .8iS 121.7741 3,700 15.5??) ct ijroi'ided hi'l{uscd in) 01)I ratinx ac(ii'ilies 249.114 157,1XOI C'ash Iloii-s friTriii ini'estinx actii-ities: 5.0.10 -117 ProLeL(l% fioiii %alL of prupLiI)'. pldnl £iiiil cqiiii)IllLiII 1?4.(?47 19,917 10.1891 'ct cash proi'idc(I bi'l(Iisod in) ini-ii41in¥ Jrli%-ilie5 C'417 fi'oiii finanf iii2 uLlii'ilics: 19,5061 i.t cJsh pi'oi'idcd bi'lluscd in} fin#i)iinkJ aLtii"ilie C.'hanxL' in Lash aiiil cash eiiuii #llnIS in i'l'd 219.083 (72.7591 C'i81) 111d Lct%li L'llllll'IllLlItS t IhL bigiiiiiingF ol- Ille VLar 37().781 4$2.$40 Cash Mii(l iisl) oquii-al¢intS .It tlJi' i'nd uf ilie l'ear YX,X64 -179,711 I AiiAIi-si5 1)f Ci15h aii(I ca511 cqiiii-Alenls: 51)S.864 17().7¥1 ()tal LA%Ii 411d Cfj1511 cqiiii'aleiils 59¥,¥64 37Y,7111 ANNUAL REPORT 2023 PAGEI 15
Elll IBF.RI.F.I' III'%F.11)I.IND IIF.RIT.-IC.F. CF.NTRF. C().III'.,INI' NI'IIBTr.R 0140248.1 lJIll,.INC-F- SII F-.Tr-.T ,IT 31 DIC'EIIBER 2023 2023 2022 '1111L7iblL .45sLIs Ini'es11))enis 666.?26 684.858 666.??8 684.¥6U l)Lbii)rs 71.417 f 44._j17 591.4411 184.(}9() ('RF-.I)I-l-()R%: anitsunls falling Ilue 2.3.il?4 -38.445 t.t C.'Iirrilllt Ilsstits 5()7.876 34(1.?$1 otal Assilts Iiss C'iii-rent l.iabilities 1.2_14.104 FIIN I)S Ile%ll'iLILd Flind% 516.127 697.977 288 Clll} 1.2_14.104 Tlic%L l-ii)InLILLI SlÉilLI))L'l)1%11iI'L bLLm pfLPLlfLxI in 1LL()rdai)LL Ii'iili IIIL SPLLial proi'isii)tLs (II-PLiiI I S 111- tl)L' C'(iii)pini¢s ALI ?1106 ri liiingF Il} sii).I11 Lh1 riiable Liiinpiiiie8. TIIL I'jiijll) jjLiI sl£oliiii¥i)Is ii-Lli JPI)roI'Ld b). tlii IlvJid of TnislLiS on aiid i¥'LfL sigiiLd c)ii ils bLhali' by.. Gr411ic1117 1)Iixliiir)' Tlic Nl(ItLs cin IlclgYeS 17 1() 2% foriii part cil- Iliese LLCIIIIII ANNUAL REPORT2023 PAGEI 16
IIIIB Tr-RI.Tr.I- 11[I%F-I'1 D IIF.RIT.-IGF. C".F.NTRF. C()III'..INI' N L1.IIBF.R 01402483 C)11 'I"FIL I'EklR EINDED .1 I. DF-C'Tr- IIIIF.R 202.1 STATF.IIENT OF ACC()I:NTIN(: POLICIES B3Si5 of Prcparation 'hL l iiiÉlllLILII.sliilLlllltil% h4iiL bLIII p[L1rCd iii aLLiirdanLc ii-iili ALLOllllllllg <iiid Reporiiiig l)y ('liiiriliLs'. Siii l¥ll)illt i)I' RLLC)Iiili).d I'r.ILIILI' ]ppl1L blu li) L1111illLS pfLPiitiiigT IIILif:ILLI)UI)Its iii {b IIS l O) I ILI-l-¢ilii'L I JtiiiiiLltI' ?{) l i l {C-li£lriliiS S()RP I FRS 111? i). Illi FiiicinL lic l RLI)01111) 'ii)(I rLbij4l¢rL(l ick1%7)(1 plic CL ol- bii%iiie%% Cl¢ li bc foiiiid 011 thL Lompaiiy iiiforii)I1101i 17'1!iL. -hc Lh:iiiiy meixs ihL dLfinili()n ofJ piiblir bcncl-it cntily iiiidcr l.-RS 102. Asse1% aii(I liiil)Ililie 41ri itiili¢ill!' r¥ioL-iiij%LII IL I liisloriL411 Lost or Inn5CtIO1} i'alLIL uiiILS5 oIIILr4i'isL St1 ILd in Illi -he clLL(iiinl% licli'e heen PTEINhied tiii Ihc gToing concctn ba%is. Tliereare iio nidieriic I IlllLericiiiilie N(} %j&iiiil'iLic nl jii(IgLmcnts hai'e had li) bl li1 de b}, Ilie IrusieLS iii pfLP.1ring ihese fin.11)L111 Tl)L 4lLC(Triinling pL)liLic% hJi-c bccn 41pplicd cvii%i%lLnil}' Ihrc)Ii¥lioLiI the accoiini% 1( nil ilie pri(11- AssLt.% Ic 11(1 lic?bilitiLS (IfL initi<?11}' rLcoLPI)i%ed 2L t l)islorical cosl or trit nsaciii)n 1'21iiei LiiIILN i)Ihen¥'isL xlcilLd iii Ilit relLI'<lni clLL()Iintii)¥ p(IIiL!' IILIIL.. TIIL gi'i)IlP.IlLI)Llllls Loii*iliiLIiL IIIL &lLLi)111l15 ul-.4iiibLrley.IIu%LXII)l ill)d I ILrilJg'L C'¥nliL 4lli(I IliL C'i)iiii)L11)ILS ALI ?11(Ih. ANNUAL REPORT 2023 PAGEI 17
.I)IBF.RI.F.I' P+ll-SF.1111 .IJD IIF.RIT..IC.F. CF.NTRF. c.-i))I P..1 J }' Nllllllb-.R 014024x3 and 511bsididri' coiii I)TF.S T() TIIF. FINI tlNC:I.11. %I'..ITF-.IIF.NTS FOR TIIE I'EAR EDED.11 DEC'EIIBER 2023 STATEIIENT OF LICCOIINTJNG POLICIES ICONTINIIEDI In¢niiiiii% Reioiirces IILlI)S 1)I' illLOlllL are rLLognid nd iiiclu(k.d iii IhL accounls ii'hLii all of ilic folloiiiiig Lrilcrk? ajy InLI'. Tlic C"Iii¢ ril). or il% siibsidi1L r}. hai'L LnliilLI)ICllt tci thc l iinds_ Ali), PLrl-oni)LLIILL Loiidilioiis li iiacliLNI to ille iiLliiS ol-iiicoiiie hai'L bLL'n i))Lt or ar¢ fiillsll i¥'idiiii TIILfL is s111-I-ILILni Lertaintv tliic I rLLiipI of IhL incoiile is LonsiderLd probb]L. and IIILOIIIL l-n)11) goi'Lniii)Llll and oiliLr granis. i%'liLther 'LTh Pltal. granis or 'rLVLlluL grL[lts. is 11141Lli¥d io Illi gDriiit% hai'L bvvll l)ILX, il 1.% piobJl)IL tI)Qi I tl)c incoiiic ii'ill bc TLCLlI'Ld. iiiid iliL IIIIOUIII Lan bL l))casufLd relidbly and is Iioi dcfcrrLd. Intei-lsf riciii'able Iiil¢r¢%l i)ii liiiiiL% liclil ()n clqTr()%tt i% inilu(ILMI ii.1L"fL fcLClI,knIL 4ind ihe Lllll()iinl C411i bc IncJ%iirc(I 114ink Ri'5011rccs iide(I tIIiTd P£1111'. il 1% PT()bahli' Ih.11 SLiIILtIK'Ill ii'ill bL' IL'quirthl. aiid iliL al))()Liiil i)filiL i)bligyJti()n Laii k. C'()st ()l- r1¢ i%iiig l-iind% ¢(FJiipii%¢' tl)L' co%t% (Trf¢i)IniiL'wLliil tlidii)gT. jii¢ILiIiiiiLT IIIC IL811c Iif¢W)l nd SIILIP <l1)d il)Lif IlSSOLialLd support costs aiid liiic rketingp ci)sls ol. IIIL C-1)rit)'. l..NpLii(litlllL (11) C'IILiril'iblL'.4ilii'Ltie% iiiLludth- Lurali)iial Li}%. Li'¢'iil% ¢(i%t%. siIL 111(iinlL'Thu)LL ,Iiid dLpfLLlc?lit)nq 1}[1 ¢Ld siippon cosls. IrrLL£)I'Lf<iblL VAT is Ll)cifgLd a LO51 cig¢llllNi IIIL aciii'itj. for ii'liiLli tIIL CXPLI)diliire 11,1 ANNUAL REPORT 2023 PAGEI 18
,I.IIBI,:RI.F.I' NII SF.UII ..KND IIF.RIT..IGF. CF..NTRF. Clllll'IlNI' N IIIIBF.R 01402483 %iil)%iiliari' cniii ,-I)Ii '] RIE I'E.,IR ESI DED _1 I %1 DLL'L.IIBLR 2023 %'l'klTEIIENT OF AC'COUNTINC- PI)I.IC"IF.S ICONTlTr*llF.D.I Allvlation of siipport costs ILn(ILflJke LIILirii:Ible aLllI'iiies. Suppon LL)Sts iiiLliidL bic Lk-i)I'l-iLe Liisls. l-111IlniL. pcr%iiiiii¥l, 11IlI'L b¥LIi cill()L4ilLl h¥li%'iKn (Trl-rill%lllgl l iiii(1s ai)d LXPLiidiliiiL On LhariiciblL aciii'iiies. TIIL b:1SLS Oli ii'liiLII SLlPPOrt iosls hai-¥ blili alloL£ilid ari SLI uul iii iioti .3. DLpf¥¢icili(Mi is proi'idLLI LLI IIIL folloii'iiiiF Jili11111 raiLS 10 Ii'fiiL ori- caLI) Issel oi'Lr ils cstilll<ltLIl Hcril4?gi A%s¢ts'. Sitc Ii))prnii'Lji17is'. l?Idnl 1n(l N.LILhinL'ry- 4/ On io%1 RLdiiLII)IF b.11ai)LL Tr iild ,Issct Ini'estiiicnts Uiilislcil iiii-c%1iii)1%1rC h¢ld at cc)4 aPPf(IXilllitliun Ic) l-dll i alue ii.herL ilie lair i':IluL 1% IiiII Stock"% SiiiLk% illi l-(Illi] I thi Ici'LI (jr Lc)%l Jii(I Iii'l fC1I lj.%Jblc i-alu¥. Jl'icr iiiJLiiig. du¢ Jlli?ii-JnLL" r()i- TTiicIL Liiiil (iil)ei debiots t1fL fL'CI)gni%Ld 11 Ihe seiilLI)ILni ai1)OLLni due 1fiLr Ii¥' If1 de disc()Ul)1 C&lS11 11 Ii:Ink' in liAn(I C.'i-L.diliirs Ai)d proi'isions iii)niiJlli' rLLOLFIIi%LiI ai il)Lif %LiIILIIILni &11110uni il-tLr alloii'jii!F l ur 1ny iradL di%LOlllll4 (liiL. ANNUAL REPORT 2023 PAGEI 19
c.'())IP,IN'}' SIT)IRF.R 0140248.1 lid siilisiiliai'i. LOIII ani. ()'I'LS ']'() 'I'IIE F'INI ,INC'I.IL STIll'EIIE.N'-rs I.-IIR TIII.- I'Tr...IR F.N DF.I) .31. DTr-.('F.IIBb-R 2023 STIl'I'Tr:IIF..N'I- OF LIC'C-OU.NTINC' POLIC'IES {CO.NTINIIF'D.I TIIL ii)IllP¢lni' is fLgi8lLred Lharity ilnd as siKh ils iiiLome aiid gains talliiio ii'itl)ii) seLIIL)n 471 10 489 ()l- IhL C()tpI)ralii)11 Tax ALI ?010 orsLLli()n ?5() (TrfiliL l aXLLti()n Ji¥1 ('IiJrgL'thlI CJLIi1IS Ail l ()l)? ttie e%¢inpi l-n)In Lorp()rition iu the exienl Ihai ihej, ale appliL(I tc) ilq charitablL CyOI'eriiiiiei)t Liraiits Iiiii ¥fi)Ii)iiil Lyfiiijls illL ILcvrdL(l ()ii IhL aLiruals basis 4ind aiL rLILascd io IIIL pri)I'il iiiid loss ,ILLOLint on rL"CilPt. Tr-lind .lictsuntin Uiii-L%lriitL(I liinil% 4ifi 1¢ I'ciil?I bll to %Piiid oiii i Llll-iIiL% Illic I I-ILnliLf c111y of IhL I)11IPOSL% of IIIL Il)Lir (lisirLli()n Io %LI'i%idL Io USL lor %PLiifii PU[1x). RL%liiilLxI l iiniLs Jr¢ (l(Trll£Lli(?11s ()r &ir¢inls i.liiili tlic (lon(7r li¢l.4 s(riCl rc t(Tr hc ii%c(l%olcl}' foi- IiaTliciilar ¢if¢ic s ol- thc Llicirily % ii'ork or I'or %PLLII-iL projLLl% bcii)¥ Liiidendkeii by ihL Lhariiy. ANNUAL REPORT2023 PAGE | 20
AIIBF.111.EI' NIL%Tr.11)i ..IND IIF.RITJlC-E CF-NTRF. C()III'.,INI' ) IIIIIIF.R 01402483 nd su115idiai.i' ciiiii I)TF..% I-I) 'I'IIF' I.-I).INC'I.IL ST,ITL.IIEN I'S F'()k -i-iiTr. I'r..IR F.rIF.1) _1 I %1 I)F-C'F-.IIBF.R 2023 2. INC()f41F. 202.1 2022 l)()n'itii111s and Icgacics CJliUIIs I.LIJ.IL ILS l)()ncilN)Iis Trxn,81 S Y5.()54 ()().4?_A I 50 4711 17.CiXII 'I"IIL incoiiiL Ironi doniliotL% ii'.i% L()9.4911:022.. C37.1)SOI ofii,hi¢h LSS Il'as 111)reslriLIL(I I?0••: Ll-i l?111 ciiiil £14.1 ?() i¥%lriitid i?11??: £4.-36111. hL L h:iiily hcnLlils orLIL tly froi)I IhL inioli'rniint <ll)d Llltliii%ii%lii %Lipporl ()(' its 11111 ns1 i'oliiiilLLfs, Iiiil IIIL C'li:IriliL% S()RP11.'RS 1021. IhL eLvnomiL Lonliilmill) of ¥LIILfic l i'oliiiiiLiTh 1% not riLiigJiij.%LIl Charil#l)lo èlclii ilies 202.1 2022 N1ii%aini FJ)IiclllCL Fee 42_1 £41 l)Ihi'i' Iradiii¥ nctii- jl jiis 2UII 2V22 SIIiw ciiiil rL'%Liiircini iii¢()IiK NILiiibLJs1iip -341.823 61.g71 275.54¥ 3,5()¥ l(1 Ulo 34S.917 421583 Ini'cstiiieTIt iiic<)Iiii ljink ii)IL]L'SI -317 ANNUAL REPORT 2023 PAGE121
EI)IBF.RI.F.I' II Il.. %F.11.11 ..IJ D 11 F-RII',KC.fr" CF.NTRF. I.'().IIP.,IN'I' N I'.IIBF.R 0140248.1 Tr'I)R TIIF. I'F..IR F.NDF.D .1 I. DF.C'F.IIIIF.R 2(123 -1. EXPENDITI';RE 202.1 21122 (.'o%l% of raisiii(p flind5 ?1)8.In7 ?5? L)All 27.086 NqilrkLtitib i()%1 Lni<lllLL 4W)d SilPEX)rt ivsts () li117 C'liaritsble Aclii'ilie5 I10.(IXi $9.(F19 SIIL SLtI'iii l.-i'Lnl l Q(i..h i5 7,717 91.80() ?12.nn.3 730 487 77.325 7118 427 (rl)i iirnAMI Ind sUpt costs 40.-1?8 7.IIIKI 42.00.1 (i C)C)O 711n IrriL()I"LrdbkN I'IIT i)n udii lees ?6.()411 100 1117 4. N L-I. I.NI.'().IIINC:11()U'IC-()INC:) RES()IIRC'F.S 20?.1 2022 ILt ILSI)Iiri¢s cir¢ %liiied cil-ler ¢ll1[¥]n1LfldIiIiI l)IPILL111ioii i)l- I'i.KLLI IissLIs 4(p.?()? 4_5 1)1(I rLniiinLr421ioii. -1 I. l)Liiiiibil ?11?_A nor fur iliL yLJf LiidLII .1 I. DLLLiiibLr ?{1? ? ANNUAL REPORT 2023 PAGE | 22
I'()IIP,IN'I' NIIII111,- R 014024113 N()'l LS '1.() 'I'II E I.-IN,INC'I.IL ST,i'fEIIENTS (IR Tll b". I'F-...tR F".1S1)F-D 31. DF.('F-IIBF-R 2023 6. STAfF C'()ST 2021 2022 ':IgJLS atid s1knriL 81Tr¢iLII SLLILiiI}' 421J77 -194.C)8I1 I l).070 413 7511 44") 4? A TIIL <li'LILig¥ l%"Likly nunibLr of Ll))pIo)'Les diiring IhL S'Laf i1.ls lollui¥'s'.- OI'I'ILL Iliid li71ni51rC21x)n 16 12 I)IlLLlor 29 Tlici-c ii'Lrc nc) mciiibcr% ()I' %l£iff earning m()Ir thJii L()Q,1100 diiiiiiLF the iun-ciit (Trr pr¢i'iiTrii% yellr. ANNUAL REPORT 2023 PAGE | 23
c.'())IP.,IN'}' N[TIIRF.R 0140248.1
lid siilisidiari. LOIII
)ani'
I,-()R TIII-. I'F...IR F.51 Dl.-D 31, DF.C'F.IIIIF.R 2023
7. 7'AN(:IBI.F. I,-IIF.D ASSF.T
CFroiii)
Planl and
UisplaA
Biiildiiigs
iiiproi'ciiiciits
C05t
.41 I. Jii)Iiary fjO13
Ailililiun
2X? ()()()
(?0?.900
? 145.114
24 ()47
20.447
AI I I, I)LLL IiibLr ?O?I
Dcpi'cci:Itiuii
?¥7.41}()
1 ?7().()5
711.1(i
2_10,56_1
5,2119
y91 741
?9.0$0
11)l.C)X%
12.1)58
.413,4()?
411.-197
AI .1 I, DLLeiiiber 2023
23$ S$2
I,0?0,291
203.74(1
1,4$9.8S9
ei Jli)(Ik I'aliic
AI ? I, DLIL IiII)Lr ?023
25().()() I
3()1),154
710.A72
Ai 31 Dciciiihcr ?1122
52.-34()
26% ?64
411.212
7_11,8??
Plaiit aiid
IIALliineri-
Di%plai'
IInproi'cmi'iils
61.1¥6
1.259..$05
20.447
60?.90U
1 ()21.5(}1
24 ()47
At A I" l)i¥L'inb
AIIBb.Rl.E:I' li 11,'%Tr'UII t) 11 F.RIT..IC.F. CF.NTRE c())IP..INI' NI')IBF.R 01402483 aiii. ()TE% 'I'lI '[ EI E I.-INI ..INI'I.11. ST,ITEIIENTS I,-()R TIIF. I'F...IR F.nF..1jT DF.C-F.IIBF.R 2023 8. INI-F.-Sl'IllF.NTS Cproiip 202.1 I'thnipani. 202. 2022 2022 111i.1sliiiiiit in Groiip UndLrtaking TIIL ¢i)i))PLltii' (iii li% IIIL 11-hi)li of thi Issllid sharL" pil.11 of.4iiibLrlLy NIIL5UlltI) {RLt£iil I l.iniitLd. ). i)Tr.11-l-()R GrDup 202.1 C'onipAni' 202_1 2022 2022 Tr4111e Dil)l()r ()tliLr DLbii)rs Dii¢' bi, siili%j(ljjir)' iinilLt1aking 4.X23 25.608 7.342 4.792 25.()0 1 (1.74.3 7.27() (Tr4.8 ?_1 71.437 30.451 I O. CRF'DI"I'()R%: aiiinuilli fllllinx diic ii.iihiM oiic l'ear Groiip 202.1 2022 202.1 21122 i 0.000 1..352 1 S.444 6.142 7.illll ()() 66.4?7 1_S.X7X 5,999 li.X7 4,41Jl) Ik.445 4.4C)X ANNUAL REPORT 2023 PAGE | 25
,IIIIIF.RI.F.I' 11-F.11I ..IN D 11 F.RIT..IGF. CF.ITRF. C()Ill'Il.Nl' NIIIIBF-R 01402483 OTf.s i'() TIIF. FIN.INC'I.11. %TATF.IIF.N'TS Tr"OII I'II F. I'F.,IK F.IN DF.I) _1 I %1 DF.C'F.11 BF.R 2023 I I. C'RF.DII'()RS: Jmoiinls fallin% du¢ dfivr niorc OllL' i ear (Jrollp 202.1 C'onipaiii. 202.1 2022 2022 10.000 4.167 111.000 B111k 101115 ?_5 yL rs 14Liiik luJii% 11)ur¥ ilitin i ),¥7 rs 14.IC)7 12. I>RUI'ISIONS TrOR I.I.11111.I-I'ITr-S 202.1 2022 l)clci'i'c(I ti¥ &iclciiilc(l L4wilJl allL)ii'wiLI .3. S-I'A-ILI. 'he LOII)P1ny is liniiied by g>uarai)ieL aiid lias iio shlfL capilcll. It Is rLgiÉiLrtd a% <1 cliiirily. 2022 Rt'5trii ti.d Fiiiids Ti)tJl Fiinds l-i)tAI Fiiiids Fiiiids IS9.1:9 -14() l)y¥ 710.172 771.822 4111.4117 If () ()4.31 ?l)?.41? 166.4?71 114.1671 733.0(Trl 16CI.4? 7 114.ICI71 ?(TrY.I¥S 1 041).004 ANNUAL REPORT 2023 PAGE | 26
èllll BF.RI.F,I' NII-SF.11)I D 11 Tr-RI-I..IC- F. CTr..N-I-RF: (:()IiP..IN'}' NiIiIBF.R 01402483 ()TE.% T() i'ii r. Fl N..INC'I.11. .%-I-,I-I-E.IIE.N'rs r()li-I'llF. I'F.,IR F.l%DF.D 31 DF.C'F.IIBF.R 2023 C".().NTIJ IIfr:I)... 14. l01'F.)IF.lT IN FiIND .4t O 1.01.202.1 Iloi"oniont iii l.-Iind .31.12.2112.3 Unresti'ictcd Flind5 760.Q74 ?8¥ ().lU 1114().1}04 117.0111 247.1()7 21{I.IX41 711,OCIl 5_1fy,1?7 1.2CTrY,IXX 202.1 2022 Reslrif ti.d Tr und DL Ivilt Kilns Fiinil 57.X(i_I 70,X(Il 173.858 711,8()_I 2,41? S,{)9() 249 5..171 249 4.6l)_I TLSLI) 14IlgT5 {)f I IL'IP R4lLk Sail, Beiich Flind P¢'tL'r Fijiid P?1.1()[% Fund MIi%LilllI DLI Lli)i)ii)Lnt k)Iiih fi47St 2.400 3.971 2,4011 8.48S' 1.5(10 2.475 (?,¥(> 2,oon 2.50 qLNIi) 4{Tr.¥¥3 Ri)yl¢ I P4?i'ilioii &. MLl*llllI'I"rU'. Firs1 SILPS OikLI)IILlI CloLk 2.001 1.219 5.3(Tr.1?7 ?AX.()All ANNUAL REPORT 2023 PAGE | 27
,IIIB Tr-RI.F.I' I,'SF"Illl klNI) IIF-RIT.-IC: F. CF.NTRF.
c:I)}IP..IN}' N [IIIIIF.R 01402483
aii(15ubsi(liari' coiii
r()R Tll F". I'F...tR F.PiDF.D 31. DF.C"F.)IIIF.R 202.1
C'ONTINIIF.D...
Piirposc and rcslrictioii iii iise
Fiindiiig ili¥ buildirigT IL [i(I liicryiiilL111L niL ol- tl?C IVcl?011 sIILd.
l.Iindingy ol. IliL fipilirs of ill Risk Iliiildiiigs.
-I'L%LU lliips ol- HL Ip
DiTrnalioii Iv l iiii(I s
iiili La%1 Illii%eiiii) Dei'el()piiiEnl STlI71 l ()[ cl¢¢liii trik'c %i>iiili l)(iii n NLilii)nitl Iltlrk AuihiTriil)' LLai-ning pr()gF[Llllltiii Si)Iiih F:a%l Nlii%ciiiii DLI'elopniLlli (Frciiil ti) delii'er e411ily, dil'ersiiy &. inLIIi%iiiii 1LIi(ii) Ciraiil fii>ni thi t)('Nl% Ilii%ciiiii f..%11( Ic l)d t)eN'cliipiiieni qF.NI) J()l)n C 01llL% Trii%i Cif1111 'ILI) nLlI' audici)ccs (Jrani for il)L lean)ii)ti piibg¥r11)111)L' l() rL. Rciycil l)jll'ili()ii &. mil11].. Fir%t SiLps Graiii fc)r a Lc)IILcli(iiis carL intLnisliip Graiii for LED lightii)gi iiiipri)i'ei)ienis Cjraiii Ic)r a IlLlI" tnuseiim i'ehicle OLkLii(lill C'li)Lk TiiiiLSLclPL PrtijcLI Gri21i1 lor Tiiiiescape ii'ellbeiiig pri)jeLI Ii'iil) Sl)N'PA l)iirin£F IIIL year 10 31 1)LLL Tiiber ?02_I 8iirriL l>a%LOL Patd J Lon%iiliJiiiy f¢c ol- £.3.9.38 1-01. ANNUAL REPORT 2023 PAGE | 28