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2024-12-31-accounts

AMBERLEY MUSEUM & HERITAGE CENTRE Registered Company Number 01402483

Trustees’ Report & Consolidated Accounts 31 December 2024

AMBERLEY MUSEUM & HERITAGE CENTRE

Index

Board of Trustees Report 3-10
Statement of Trustees’ Responsibilities 10
Statement as to disclosure of information to Auditors 10
Independent Auditors’ Report to the Trustees 11-13
The Financial Statements 2024 14-17
Notes to the Financial Statements 18-29

ANNUAL REPORT 2024

PAGE | 2

AMBERLEY MUSEUM & HERITAGE CENTRE

Board of Trustees’ Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2024. The financial statements comply with the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015).

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 State 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 Downs National Park, exhibits the industrial history, transport, communications and traditional crafts of southern England. Most of the original Pepper’s buildings and lime kilns are nationally listed as 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 the Museum. These include the 1820 Gin Mill Building from Arundel; an 1842 cast iron framed tanyard building from Horsham; the 1894 Hove railway ticket office and the c.1870 Billingshurst signal box. Seven other trade or transport buildings, some with contents, have been moved and preserved within the Museum.

Against this backdrop, the Museum collection comprises over 50,000 artefacts and items in our archive and library, mostly on display and many regularly demonstrated. Of national or regional significance are:

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

Reference and Administrative Details

Charity Commission Registered Number: 278722

Companies House Registered Number: 1402483

Registered Office & Place of Business: New Barn Road, Amberley, Arundel, BN18 9LT

Trustees: Surrie Everett-Pascoe Appointed 11 November 2019 Chair of Trustees from 29 October 2024 Adrian Butcher Appointed 23 August 2021 Vice Chair of Trustees from 29 October 2024 Jonathon Vincent Appointed 21 January 2019 Stephen Jones Appointed 2 February 2022 Alan Brewer Appointed 1 August 2024 Leanne O’Boyle Appointed 1 August 2024 Steven Orman Appointed 13 December 2024 Jeremy Watson Appointed 10 February 2025 Paul Bernstein Appointed 10 February 2025 Michael Winstone Appointed 10 February 2025 Steve Hyde Appointed 10 February 2025 Kathryn Dean Appointed 10 February 2025 Richard Vernon Resigned 29 October 2024 Graham Duxbury Resigned 29 October 2024 Edward Armston-Sheret Resigned 29 October 2024 Marie Tulley-Rose Resigned 11 November 2024 Auditors: Parkers 178-180 Church Road, Hove, BN3 2DJ Bankers: Barclays Bank plc 1 Chapel Road, Worthing, BN11 1EX CAF Bank Ltd 25 Kings Hill Ave, West Malling, ME19 4JQ HSBC 1 Warwick Street, Worthing, BN11 3DE

Scottish Widows Bank Plc

P. O. Box 12757, 67 Morrison Street, Edinburgh, EH3 8YJ

Virgin Money Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

Other Officers and Key Staff:

Katrina Burton Director Appointed 1 January 2023
John Betts Curator Appointed 19 April 2022
Alanta Carrwalters Finance Officer Appointed 1 May 2023

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 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 activities. The Trustees regularly review the major risks to which the Company is exposed.

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. Three new Trustees were recruited in 2024. At the 2024 AGM, the previous Chairman and Deputy Chairman stepped down and were replaced with a new Chair and Vice Chair from the existing Trustee board. A further five Trustees were recruited, bringing the board to the maximum of 12 Trustees. Regular meetings on 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 for running the Museum are delegated to the management team headed by the Museum Director.

The permanent employees are supplemented by temporary staff during the open season. A key part of the Museum workforce is an active body of over 400 volunteers, each with their own area of interest and expertise.

The Company owns all the issued share capital of Amberley Museum (Retail) Ltd. The subsidiary operates the restaurant, retail and print shops at the Museum. Any profits generated by the subsidiary are covenanted to the Museum. A separate charity, the Amberley Museum Trust, holds all exhibits other than buildings so the exhibits are not therefore registered in the 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 Meeting and any other special meeting which may fundamentally change the way the Museum is governed. Members may choose to have voting rights at the AGM.

2024 Operational Review

Visitor figures for 2024 dropped to 50,669 compared with 56,395 in 2023. This mirrored other, similar heritage sites and visitor attractions and is believed to be primarily due to ongoing economic uncertainty coupled with some episodes of poor weather.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

In 2024, the Museum organised more events than ever before, including some new offers (for example Vintage Tractor Weekend, 1980s weekend and a Discworld event) which brought in some new audiences but not the numbers that more established events attract. Emergency Services weekend, James Bond at Amberley and the Bus Shows were particularly well attended.

In January 2024, work started on the Bagging Shed project, funded by DCMS as part of the Museum Estate and Development programme. The shipping container in the Loading Bay was removed, the historic timber structure was restored, a new floor and large glass door, featuring the Marshal locomotive, was installed. The project also included work on the roof, new lighting, repairs to the kiln walls, and improved visitor access with a new, simpler ramp arrangement and improved interpretation. The highlight of the year came in December, when HRH The Princess Royal visited the Museum and formally opened the Bagging Shed project.

Throughout the year, good progress was made towards increasing earned income through developing the retail offer (including printing a new guidebook with support from the Sussex Industrial Archaeology Society), and through increasing promotion of venue and location hire opportunities across the site. Venue and location hire brought in just over £10,000 of additional income during 2024.

During 2024, a significant amount of essential electrical work was undertaken across the site, including improvements to the Bus garages and workshops, the Road Steam/Stationary Engines display, and the Library and Hayloft. The latter was part-funded by a Community Climate Grant from Horsham District Council. While the Southdown Omnibus Trust funded substantial electrical work in the three bus garages.

The quality of the Amberley Museum visitor experience was recognised in late 2024 when the Museum received a bronze award for Best Small Tourist Attraction in the Beautiful South awards.

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 after the collections, share their knowledge with visitors, run the daily bus and train services, maintain the site and help with administration. Visitor feedback confirms that it is interaction with our dedicated volunteers that is a key part of successful visits and we are incredibly grateful for their contribution.

Volunteer numbers continued to grow in 2024, reaching 407 active volunteers by the end of the year. The staff team have also worked hard to raise the profile of corporate volunteering opportunities, with several groups spending a day at the site helping with various grounds and maintenance tasks, while at the same time gaining benefits in terms of team-building and CSR outputs. This included a group from the Tamil community centre in Crawley and a team of Air Cadets from Horsham.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

In May 2024 the Lord Lieutenant of West Sussex presented the Museum with the King’s Award for Voluntary Service in recognition of the significant contribution made by the volunteers to Amberley Museum.

Learning

Formal and informal learning visits in 2024 remained stable with over 3,000 children and young people enjoying a school visit and a further 1,200 taking part in other activities. A school travel grant was introduced in 2024, thanks to the generosity of one supporter. This has helped local schools, who have not visited recently, to finance a visit.

During 2024 the learning team hosted a group of teaching students from the University of Chichester. They created and tested a sensory backpack for children with special educational needs and disabilities to use whilst at the Museum.

The team also continued to grow the Museum’s provision for Home Educated families, and uniformed groups as part of a range of activity funded by the John Coates grant. The Museum also engaged in a couple of partnership projects focusing on health and wellbeing, including Time Travel in Sussex (with CultureShift) and The Grow Project for adults facing mental health challenges.

Collections

In early 2024, the team hosted a First Steps internship funded by Art Fund. During this six-week placement, the trainee worked on collections care with the Radio & TV collection, carrying out cleaning and condition surveys to feed into proposals for the Live from Amberley project to build a new Radio & TV exhibition space with additional facilities. An expression of interest for a £3.5m project was made to the NLHF, who have given approval for us to submit a Development Phase bid for the project.

As part of the work to improve the electrics in the Library, in February 2024 the Curatorial team embarked upon a project to rationalise the Library collection and improve storage conditions for the unique archive material held there. This work is ongoing.

In July 2024, Amberley Museum successfully achieved full accreditation in the national museum accreditation scheme which recognises those who have reached a certain standard in the management and care of collections, and the delivery of public engagement activity.

Financial Review

These accounts are a consolidated set of Financial Statements for Amberley Museum and Heritage Centre and it’s trading arm, Amberley Museum (Retail) Ltd.

The total consolidated income for the group in 2024 was £1,261,031 (2023 £1,257,200). For both 2023 and 2024 this is a mix of operational income and MEND grants.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

The net surplus was £231,422 (2023 £220,184). The table below shows the results excluding the MEND grant.

MEND grant. MEND grant. MEND grant.
Impact of MEND Grant on AMHC Revenues
2024 2023
AMHC Group Income £1,261,031 £1,257,200
Less Group Expenses (£1,029,610) (£1,037,016)
AMHC Group Surplus / (Loss) £231,421 £220,184
Less MEND Grant (£173,506) (£246,883)
AMHC Group Surplus / (Loss)
excluding MEND		 £57,915 (£26,699)

The MEND Project

The project cost for the capital works on the bagging shed entrance area to the Museum cost £463,766, of which the MEND grant totals £433,766; AMHC paying the balance. The grant is accounted for over three years, see table below for grant to 31 December 2024.

Grant Received Grant accounted for in Year
2023 £246,883 £20,447
2024 £173,506 £379,115
Balance 31 Dec 2024 £420,389 £399,562

The balance of the MEND grant is due in mid-2025, once the final works have been completed and signed off.

Although the majority of work for the MEND project took place over the winter months, the works had a number of influences on the Museum’s finances, eg the shop stock was run down, and the shop was reduced in size as the works took place.

Museum Operations excluding MEND Grant

Looking at the Museum’s operations for 2024 there was an increase in revenue of 7%, and costs were slightly lower than 2023, resulting in a surplus of £57,915. (2023 a loss of £26,699). These figures include depreciation, if we look at the Museum’s operations excluding depreciation AMHC generated a £119K surplus (2023 £20K).

The overall increase of revenue of £77k relates primarily to a donation of £56,000 from the Retail arm. The shop and restaurant income remained flat (any increase at the Restaurant was offset by smaller shop sales).

The running costs for the Museum and Retail amounted to £1,029,611 (2023 £1,037,016), about 1% less than the prior year. The only area of increased costs was in site services, mainly to do with replacing parts of our electricity wiring, replacing a building and other essential infrastructure works.

All other costs were maintained at 2023 levels or below, except for an increase in salaries, partially offset by a period of time when we were under staffed whilst recruiting new employees.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

Reserves Policy

In order to be a responsible and resilient charity, AMHC holds financial reserves to cover seasonal operational needs and protect the charity, with best effort, against unforeseen drops in income.

Restricted Funds: These are reserves that can only be used for specific purposes, usually determined by the provider. These restricted reserves cannot be used for normal day to day expenses.

Designated Funds: These are allocated by the Trustees 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 threats to overall financial sustainability, the Trustees have set aside a tranche of funds only to be used in dire circumstances triggered by outside national economic or other internal/external events. An element of these is the £50,000 ‘Bounce Back’ loan obtained under Covid conditions. This is being repaid on a monthly basis.

Unrestricted Funds: Unrestricted funds – free reserves - are those available for the day to day running of the museum and are generated through daily income and necessary expenditure flows to enable operations to continue safely and efficiently.

Statement of Trustees’ Responsibilities

The Trustees (who are also the directors of Amberley Museum & Heritage Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable 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 those financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE

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 governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure of information to Auditors

So far as the Trustees are aware at the time of approving our Trustees’ annual report:

Auditors

The auditors, 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 Companies Act 2006 relating to small companies.

By order of the Trustees

Surrie Everett-Pascoe Adrian Butcher Chair of Trustees Vice Chair of Trustees

DATE

ANNUAL REPORT 2024

PAGE | 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

Opinion

We have audited the financial statements of Amberley Museum & Heritage Centre (the “Charitable Group and Company”) for the year ended 31[st] December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Group and Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 1 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

ANNUAL REPORT 2024

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charitable Group and Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charitable Group and Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charitable Group or Company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Identification and assessment of irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit response to the risk of irregularities including fraud

Based on the results of our risk assessment, our procedures included, but were not limited to:

ANNUAL REPORT 2024

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

Conclusions regarding the risks of irregularities including fraud

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

We considered our audit was capable of detecting irregularities due to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the Charitable Group and Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Group and Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Group and Company members as a body, for our audit work, for this report, or for the opinions we have formed.

Annette Watson PhD BSc FCA (Senior Statutory Auditor) For and on behalf of Parkers Chartered Accountants and Statutory Auditors Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ

DATE

ANNUAL REPORT 2024

PAGE | 13

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2024 (Incorporating a group income and expenditure account)

Notes
Income and endowments
from
2
Donations and legacies
Charitable activities
Other trading activities
Investments
Total
Expenditure on:
3
Raising funds
Charitable Activities
Total
Net income /
(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total Funds Brought
Forward
Total Funds Carried
Forward		 Restricted
Funds
£
192,012
-
-
-
192,012
-
59,350
59,350
132,662
-
132,662
536,127
668,789		 Unrestricted
Funds
£
106,718
491,538
460,074
10,690
1,069,020
298,259
672,001
970,260
98,760
-
98,760
733,061
831,821		 2024
Total
Funds
£
298,730
491,538
460,074
10,690
1,261,032
298,259
731,351
1,029,610
231,422
-
231,422
1,269,188
1,500,610		 2023
Total
Funds
£
350,470
480,118
421,583
5,030
1,257,201
328,590
708,427
1,037,017
220,184
-
220,184
1,049,004
1,269,188

None of the groups’ activities were acquired or discontinued during the above two financial periods.

The group has no recognised gains or losses other than the surplus for the above two financial periods.

The Notes on pages 18 to 29 form part of these accounts

ANNUAL REPORT 2024

PAGE | 14

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company)

CONSOLIDATED BALANCE SHEET AT 31[ST] DECEMBER 2024

Notes
FIXED ASSETS
Tangible Assets
7
CURRENT ASSETS
Stock for resale
Debtors
Cash at Bank and in hand
9
CREDITORS: amounts falling due
within one year
10
Net Current Assets
CREDITORS: amounts falling due after
more than one year
11
Provision for liabilities
12
Net Assets
FUNDS
Restricted Funds
Unrestricted Funds
15		 2024
£
1,028,344
16,544
18,627
514,905
550,076
72,997
477,079
4,813
-
1,500,610
668,789
831,821
1,500,610		 2023
£
710,372
10,095
30,451
598,864
639,410
66,427
572,983
14,167
-
1,269,188
536,127
733,061
1,269,188

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small charitable companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The financial statements were approved by the Board of Trustees on …………………………………. and were signed on its behalf by:

Surrie Everett-Pascoe Adrian Butcher Chair of Trustees Vice Chair of Trustees

The Notes on pages 18 to 29 form part of these accounts

ANNUAL REPORT 2024

PAGE | 15

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) CONSOLIDATED CASH FLOW STATEMENT AT 31[ST] DECEMBER 2024

Net income/(expenditure) for the year
Adjustments for:
Depreciation charges
Deferred tax charge for the year
Bank interest
Loss/(profit) on sale of fixed assets
(Increase)/decrease in stock
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
Cash flows from investing activities:
Bank interest
Proceeds from sale of property, plant and equipment
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
Cash flows from financing activities:
Repayments of borrowing
Cash inflow from new borrowing
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents:
Cash in hand
Notice deposits (less than three months)
Total cash and cash equivalents		 2024
£
231,422
61,143
-
(10,690)
-
(6,449)
11,824
6,570
293,821
10,690
-
(379,115)
(368,425)
(9,354)
-
(9,353)
(83,959)
598,864
514,905
514,905
-
514,905		 2023
£
220,184
46,397
-
(5,030)
-
2,855
(21,774)
6,483
(249,115)
5,030
-
(24,947)
(19,917)
(10,115)
-
(10,115)
219,083
379,781
598,864
598,864
-
598,864

ANNUAL REPORT 2024

PAGE | 16

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483 BALANCE SHEET AT 31[ST] DECEMBER 2024

Notes
FIXED ASSETS
Tangible Assets
Investments
7
8
CURRENT ASSETS
Debtors
Cash at Bank and in hand
9
CREDITORS: amounts falling due
within one year
10
Net Current Assets
Total Assets less Current Liabilities
FUNDS
Restricted Funds
Unrestricted Funds		 2024
£
986,584
2
986,586
23,005
503,260
526,265
44,790
481,475
1,468,059
668,789
799,270
1,468,059		 2023
£
666,226
2
666,228
47,123
544,317
591,440
23,562
567,876
1,234,104
536,127
697,977
1,234,104

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on …………………………………. and were signed on its behalf by:

Surrie Everett-Pascoe Adrian Butcher Chair of Trustees Vice Chair of Trustees

The Notes on pages 17 to 28 form part of these accounts

ANNUAL REPORT 2024

PAGE | 17

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

1. STATEMENT OF ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is a company limited by guarantee and has no share capital. The company is incorporated in England and Wales. The charity company registration number, charity number and registered address and place of business can be found on the company information page.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The accounts have been prepared on the going concern basis. There are no material uncertainties about the Charity’s ability to continue.

No significant judgements have had to be made by the trustees in preparing these financial statements.

The accounting policies have been applied consistently throughout the accounts and the prior year.

Assets and liabilities are initially recognised at historical cost or transaction values unless otherwise stated in the relevant accounting policy note.

Consolidation

The group accounts consolidate the accounts of Amberley Museum & Heritage Centre and the wholly owned subsidiary company, Amberley Museum (Retail) Limited. A separate Statement of Financial Activities and Income and Expenditure account for the Charity has not been presented because the Charity has taken advantage of the exemption afforded by Section 408 of the Companies Act 2006.

ANNUAL REPORT 2024

PAGE | 18

(and subsidiary company)

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

1. STATEMENT OF ACCOUNTING POLICIES (CONTINUED)

Incoming Resources

Items of income are recognised and included in the accounts when all of the following criteria are met:

Interest receivable

Interest on funds held on deposit is included where receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank

Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483 (and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

1. STATEMENT OF ACCOUNTING POLICIES (CONTINUED.)

Allocation of support costs

Support costs are those functions that assist with the work of the Charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll, and governance costs which support the charity’s displays and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3.

Tangible Fixed Assets

Fixed Assets are stated at cost less depreciation.

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life: -

Heritage Assets: 4% On cost
Site Improvements: 2% On cost
Plant and Machinery: 10-25% Reducing balance

Fixed Asset Investments

Unlisted investments are held at cost as an approximation to fair value where the fair value is not easily obtainable.

Stocks

Stocks are valued at the level of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

ANNUAL REPORT 2024

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(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

1. STATEMENT OF ACCOUNTING POLICIES (CONTINUED.)

Taxation

The company is a registered charity and as such its income and gains falling within section 471 to 489 of the Corporation Tax Act 2010 or section 256 of the Taxation and Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable activities.

Government grants

Government grants are recorded on the accruals basis and are released to the profit and loss account on receipt.

Fund Accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations or grants which the donor has specified are to be used solely for particular areas of the charity’s work or for specific projects being undertaken by the charity.

ANNUAL REPORT 2024

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(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

2. INCOME

Donations and legacies
Grants
Legacies
Donations
 2024
£
176,162
9,000
113,568
298,730		 2023
£
280,818
229
69,423
350,470

The income from donations was £113,568 (2023: £69,423) of which £96,764 was unrestricted (2023: £55,297) and £16,804 restricted (2023: £14,126).

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in the trustees’ report, Operational Review. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

Charitable Activities
Museum Entrance Fees
Other trading activities
Shop and restaurant income
Membership fees
Lettings
Other income

Investment income
Bank interest		 2024
£
491,538
2024
£
343,325
69,320
12,704
34,725

460,074
10,690		 2023
£
480,118		 2023
£
480,118

2023
£
341,823
61,871
1,820
16,069

421,583

5,030

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

3. EXPENDITURE

Costs of raising funds
Expenditure on retail activities
Marketing costs
Governance and support costs
Charitable Activities
Salaries
Site Services
Event costs
Governance and support costs
Other costs
Governance and support costs
General office costs
Statutory audit fees
Irrecoverable VAT on audit fees
Legal and other professional fees
Bank and finance charges
4. NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation of fixed assets
Auditor’s remuneration
 2024
£
275,984
15,430
6,845
298,259
319,488
79,957
7,740
69,479
258,687
731,351
39,252
7,000
810
7,840
21,422
76,324
2024
£
61,143
7,000		 2023
£
298,107
23,676
6,807
328,590
310,683
59,649
9,996
77,325
250,774
708,427
40,328
6,300
700
9,864
26,940
84,132
2023
£
46,292
6,300


5. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration, expenses or other benefits for the year ended 31[st] December 2024 nor for the year ended 31[st] December 2023.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

6. STAFF COSTS

6. STAFF COSTS
Wages and salaries
Social security costs
The average weekly number of employees during the year
Office and administration
Retail activities
Directors		 2024
£
421,981
22,945
444,926
was as follows:-
17
12
1
30		 2023
£
421,377
22,046

443,423

16
12
1
29

There were no members of staff earning more than £60,000 during the current or previous year.

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

7. TANGIBLE FIXED ASSETS

Group
Cost
At 1stJanuary 2024
Additions
On disposals
At 31stDecember 2024
Depreciation
At 1stJanuary 2024
Charge for year
On disposals
At 31stDecember 2024
Net Book Value
At 31stDecember 2024
At 31stDecember 2023
Company
Cost
At 1stJanuary 2024
Additions
Disposals
At 31stDecember 2024
Depreciation
At 1stJanuary 2024
Charge for year
On disposals
At 31stDecember 2024
Net Book Value
At 31stDecember 2024
At 31stDecember 2023		 Plant and
Machinery
287,409
-
-
287,409
235,852
4,248
-
240,100
47,309
51,557
Plant and
Machinery
65,686
-
-
65,686
58,275
1,862
-
60,137
5,549
7,411		 Display
Buildings
1,279,952
379,115
-
1,659,067
1,020,291
44,837
-
1,065,128
593,939
259,661
Display
Buildings
1,279,952
379,115
-
1,659,067
1,020,291
44,837
-
1,065,128
593,939
259,661		 Site
Improvements
602,900
-
-
602,900
203,746
12,058
-
215,804
387,096
399,154
Site
Improvements
602,900
-
-
602,900
203,746
12,058
-
215,804
387,096
399,154		 Total
2,170,262
379,115
-
2,549,376
1,459,889
61,143
-
1,521,032
1,028,344
710,372
Total
1,948,538
379,115
-
2,327,653
1,282,312
58,759
-
1,341,071
986,584
666,226

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

8. INVESTMENTS

Investment in Group Undertaking Group
2024
£
2023
£
-
-
-
-		 Company
2024
£
2023
£
2
2
2
2		 Company
2024
£
2023
£
2
2
2
2
2

The company owns the whole of the issued share capital of Amberley Museum (Retail) Limited, a company registered in England (company number 01995781).

9. DEBTORS

Trade Debtors
Other Debtors
Due by subsidiary undertaking		 Group
2024
£
2023
£
10,014
4,823
8,613
25,608
-
-
18,627
30,451		 Company
2024
£
2023
£
10,014
4,792
8,613
25,608
4,378
16,743
23,005
47,123		 Company
2024
£
2023
£
10,014
4,792
8,613
25,608
4,378
16,743
23,005
47,123
47,123

10. CREDITORS: amounts falling due within one year

Bank loans
Trade Creditors
Other taxes and social security
Other creditors
Accruals and deferred income		 Group
2024
£
2023
£
10,000
10,000
18,183
11,352
15,634
31,577
7,500
7,500
21,680
5,998
72,997
66,427
 Company
2024
£
2023
£
-
-
11,340
6,142
5,770
5,424
7,500
7,500
20,180
4,496
44,790
23,562		 Company
2024
£
2023
£
-
-
11,340
6,142
5,770
5,424
7,500
7,500
20,180
4,496
44,790
23,562
23,562

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

11. CREDITORS: amounts falling due after more than one year

Group
2024
£
2023
£
Bank loans 1-2 years
4,813
10,000
Bank loans 2-5 years
-
4,167
Bank loans more than 5 years
-
-
4,813
14,167
12. PROVISIONS FOR LIABILITIES
2024
£
Deferred tax – accelerated capital allowances
-		 Company
2024
£
2023
£
-
-
-
-
-
-
-
-
2023
£
-		 Company
2024
£
2023
£
-
-
-
-
-
-
-
-
2023
£
-
-
2023
£
-

13. STATUS

The company is limited by guarantee and has no share capital. It is registered as a charity.

14. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

Fixed Assets
Current Assets
Current Liabilities
Long term liabilities		 Unrestricted
Funds
£
490,607
419,024
(72,997)
(4,813)
831,821		 Restricted
Funds
£
537,737
131,052
-
-
668,789		 2024
Total
Funds
£
1,028,344
550,076
(72,997)
(4,813)
1,500,610		 2023
Total
Funds
restated
£
710,372
639,410
(66,427)
(14,167)
1,269,188

ANNUAL REPORT 2024

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AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2024 (CONTINUED…)

15. MOVEMENT IN FUNDS

Unrestricted Funds
General Fund
Restricted funds
Restricted Funds
De Witt Kilns Fund
Radio Fund
Print Fund
Standard Rail Fund
Historic England Grant
Rail Hall
Tesco Bags of Help
Rack Saw Bench Fund
Peter Fund
Greenfield Training Fund
MEND
John Coates Trust Grant
Royal Pavilion & Museum Trust: First Steps
Grant
Horsham District council: Community
Climate Fund
Sussex Masonic
Ockenden Clock
School Visit Grant
IT Fund		 At
01.01.2024
£
733,061
536,127
1,269,188		 Net
Movement
in Funds
£
98,760
132,662
231,422
2024
£
141,974
70,863
8,321
5,884
249
4,693
1,850
2,400
5,104
8,859
404,407
-
-
-
2,531
10,000
1,354
300
668,789		 At
31.12.2024
£
831,821
668,789
1,500,610
2023
£
157,863
70,863
5,312
5,371
249
4,693
1,850
2,400
3,971
8,859
246,883
6,297
2,281
2,500
3,515
10,000
2,001
1,219
536,127		 At
31.12.2024
£
831,821
668,789
1,500,610
2023
£
157,863
70,863
5,312
5,371
249
4,693
1,850
2,400
3,971
8,859
246,883
6,297
2,281
2,500
3,515
10,000
2,001
1,219
536,127
536,127

ANNUAL REPORT 2024

PAGE | 28

(and subsidiary company) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024 (CONTINUED…)

AMBERLEY MUSEUM & HERITAGE CENTRE COMPANY NUMBER 01402483

15. MOVEMENT IN FUNDS (CONTINUED…)

Purpose and restriction in use

Fund

De Witt Kilns Fund

Funds to restore the De Witt Kilns to their original condition and create an exhibit showing the working of such kilns. Funding to replace the radio building. Funding additional printing press equipment. Funding the building and maintenance of the wagon shed. Funding of the repairs of At Risk Buildings. Donation to improve the children’s area in the rail hall. Donation to fund forest school’s programme. Donation to fund the construction of a Rack Saw Bench. Donations to fund the repair of a Steam Engine. Funding for staff training and development Grant from the DCMS Museum Estate and Development fund for the conservation of the Bagging Shed Grant for the learning programme to reach new audiences Grant for a collections care internship

Radio Fund Print Fund Standard Rail Fund Historic England Grant Rail Hall Tesco Bags of Help Rack Saw Bench Fund Peter Fund Greenfield Training Fund MEND

John Coates Trust Grant Grant for the learning programme to reach new audiences Royal Pavilion & Museum: First Steps Grant for a collections care internship Grant Horsham District Council: Grant for LED lighting improvements Community Climate Fund Sussex Masonic Grant for a new museum vehicle Ockenden Clock Donation towards mounting the Ockenden Clock School Visit Grant Donation to help schools in need to meet visit costs IT Fund Donation to fund contactless donation scheme Timescape Project Grant for Timescape wellbeing project with SDNPA

16. SUBSIDIARY AND RELATED PARTY TRANSACTIONS

Amberley Museum (Retail) Limited is a wholly owned subsidiary. Its principal activity is to operate and maintain the catering facilities and gift shop at the museum. Any profits made by the subsidiary are covenanted to the charity.

During the year to 31 December 2024 Surrie Pascoe was paid a consultancy fee of £nil for specialist services provided to the Museum (2023: £3,938). There were no related party transactions (2023: £nil). The Museum has paid due regard to the Charity Commission guidance on payments to trustees when undertaking this transaction.

ANNUAL REPORT 2024

PAGE | 29