Reglstered Charity No: 288865 Company No: 01790935 AMERSHAM MUSEUM LIMITED REPORT AND ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2023 (A company Limited by Guarantee)
Amersham Museum Limited Contents Year Ended 31 December 2023 Page Report of the Trustees 3to9 Ir)dependent Examiner"'s Report io Statement of Finèncial Activities li Balance Sheet 12 Notes to the Financial Statements 13to23
Amersham Museum Llmited Annual Report of the Directors and Trustees Year Ended 31 December 2023 The Trustees, who are a150 directors of the charitable company for the purposes of the Companies Act 2006, present their annual report and the financial statements for the year ended 31 December 2023 which are also prepared to meet the requirements for a Director's report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity s Governing Document, the Companies Act 2006 and Reporting by Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 1021. Company Registration Number 01790935 (England and Wales) Registered Charity Number 288865 Registered Address of the Charity 49 High Street Amersham Bucks HP7 ODP Chairman and Director Martin Day- appointed 21.01.2024 Howard Gotch - resigned 21.01.2024 Kieran McPolin Alison Bailey Nicholas Gammage Peter Healy Jane Barnes Elizabeth Lean- resigned 19.04.2023 Valerie Russell- resigrbed 19.04.2023 Linda Gould- appointed 19.04.2023 MaryTebje-appointed 19.04.2023 Jenifer Baker- appointed 19.04.2023 Tessa Drysdale- appointed 19.04.2023 and resigned 30.06.2024 Trustees Bankers CAF Bank Limited 25 Kings Hill Avenue Kingshill West Malling Kent ME19 4JQ
Amersham Museum Limited Annual Report of the Directors and Trustees Year Ended 31 December 2023 Independent Examiner David Green MA Icantabl ACA Azets Audit Services Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH Accountants Azets Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH
Amersham Museum Limited Annual Report of the Dlrectors and Trustees On the Accounts for the Year Ended 31 December 2023 Structure Governance & Mana ement Governing Document Amersham Museum Limited is a company limited by guarantee governed by its Memorandum and Articles of AsSOClation omended by Special Resolution dated 15 December 2022. In the event of the company being wound up, members are each required to contribute an amount not exceeding £1. Recrultment and Appointment of Management Committee The Directors are also trustee5 of the charity. They are elected for a 3-year term and may be re-elected. They are generally drawn from volunteer workers and Friends of the Museum. While there is no formal training plan for trustees, they are given the opportunity to meet existing trustees and spend some time with the Chair of the Trust Board and the Director. They are also encouraged to join the town walk guides to familiarise themselves with the history of Amersham and the Museum itself. Most trustees have already been volunteers in the museum and a fomial induction plan is being developed. Risk Management While there is no formal risk register for our small museum, we have identified some key risks and have plans ir) place to mitigate them. Financial risk of investments falling in value= We moved a substantial part of our investments1£1SOk or around 25%) into a guaranteed interest bearing account towards the end of the year to ensure that we would have at least 5% return. We rely on this return to help fund running costs Financial loss- we have a large investment managed by Cazenove on our behalf but would like to be self-sustaining lexcluding investment income) in 3-5 years. We have set up a fund-raising committee which includes the Director and a number of trustees who have been tasked with producing a strategic fund raising plan Loss of key people- Until recently there was only one member of staff and if they had left suddenly, it would have had a major impact on the museum. However, we now have 3 employees who can help with most responsibilities. We also recruited 6 new trustees two years ago which has strengthened and improved the management and the governance of the orEanisation. Objectlves, Activities and Public Interest The object of the Chority is to advance public education in relation to the history of Amersham and the surrounding area, tirincipally by the operation of a museum.
Amersham Museum Llmited Annual Report of the Directors and Trustees On the Accounts for the Year Ended 31 December 2023 The charity owns the Amersham Museum which is situated at 49 and the adjacent property 51, High Street. Amersham, Bucks, HP7 ODP. It is normally open from February to November, except for pre-arran8ed 8roup visits particularly by schools which occur throughout the year. The museum's vision is: Amersham Museum brings local history to life to inspire, surprise and engage people, helping them to explore the significance of the area's past, appreciate the present, and imagine the future. The museum has the following key aims- Increase the impact and profile of the museum, locally and nationally Increase visitor numbers and diversify the visitor profile, whilst also expanding our connections through outreach work Respond to the needs and issues facing our key audiences, including the increased cost of living, special educational needs and disabilitie5, mental health issues and the impact of climate change Develop campaigns and undertake new research to fill gaps in the collection. These include the last fifty years of local history and the stories of under-represented groups Improve access to the collections, through interpretation and programming that engages and connects with the local community Improve collections care practice and documentation Sustain and enrich the existing visitor offer (including our guided walks programmel with a positive welcome, inclusive approach, and engaging interpretation Guarantee the long-term sustainability of the museum by investing in volunteers. maintaining accreditation and successful fundraising to achieve financial stability Embrace the potential of digital developments including social media and opportunities to share collections and historical material online. The trustees have considered the guidance published by the Charity Commission and have concluded that the operation of the Museum meets the public interest and demonstrate that the charitable company has fulfilled the public benefit requirement under the Charities Act 2011. Key Management Personnel The trustees comprise the key management personnel of the charity and are in charge of directing and controlling the charity and running and operating the charity on a day to day business. All trustees give of their time freely and no trustees remuneration was paid in the year. Employees The Board employs a part-time director. a part-time Learning Officer and a part-time Collections Manager.
Amersham Museum Limited Annual Report of the Directors and Trustees On the Accounts for the Year Ended 31 December 2023 In the past pay and remuneration has been the responsibility of the trustees as a group. Factors taken into consideration have included economic condition5 and affordability. The trustees have now agreed a new process which will be documented and reviewed annually. Volunteers The Museum has only 3 part time employees so much of the work carried out in reception, delivering our programme, fund raising, stewarding, gardening and retail is performed by volunteers. At the end of 2023, there are 110 active volunteers, with additional people who have not yet been confirmed through our acceptance process who will join the team in 2024. Achievements and Performance The museum opened from mid-February to mid-December 2023, running a full programme of events and activities. With three part-time staff in place, supported by the museum's large team of volunteers, the activity levels have been high. We welcomed 3,316 odult and 1,624 children visitors into the museum during the year. We reached a total of 7,008 individuals through visits and outreach in the calendar year. Our temporary exhibition programme featured two displays: Sickness and Health, looking at medical history in the area, and Glamersham, which explores dressing up and Boing out in history. With an accompanying programme of events and off-site talks, these reached a wide range of audiences, with positive feedback. With its grant from the Marie-Louise von Motesiczky Charitable Trust, significant work was undertaken on the 'A New vie project with a project manager to deliver a scheme of work that will create a temporary exhibition Eallery, new introductory interpretation for visitors to the museum, and upgraded storage facilities in 2024. The programme of consultation with existing and potential audiences was completed, with designer and fabricators appointed to ensure that the planned exhibition programme could be launched in spring 2024. The museum's regular programme of events and groups also ran successfully throughout the year.. guided walks, reminiscence and singing sessions, our Art Club (for 7-11 year old51, our Young Curators group Ifor 14-18 year olds), group visits by adult societies, and talks given to groups in the local area on history topics. Our schools programme continues to be busy with nearly 1,400 children enjoying a session on site or at their school. With grant funding from local and national bodies, we implemented Projects improving physical and intellectual accessibilityi promoting our garden through an exhibition and events, improving our environmental sustainability, and acquiring a number of significant items for the collection.
Amersham Museum Limited Annual Report of the Directors and Trustees On the Accounts for the Year Ended 31 December 2023 Future Plans We have been awarded a Strategic Grant from the Rothschild Foundation to support a 3-year Creating Connections project, focusirkg on developing the mUm,5 capacity through an increase in core hours for all three staff members. and the appointment of a part-time administrative officer. Starting in April 2024, the project will concentrate on developing audiences irk four areas.. researchers, schools, visitors with Special Educational Needs and Disabilities, and local makers. Financial Review The Statement of Financial Activities show5 net deficit on income for the year of £50,001 12022.. net income £610,727) and the reseNes stand at £2,131,39312022.. £2,181,394) in total. However, the net income and reserves as at 31 December 2023 includes a non-distributable reserve of £606,44412022= £606,44418rising on the revaluation of the Museum building. The income for the year generated from charitable activities was £46,94012022'. £41,759). During the year the charity received grants totalling £Nil12022-. £7,248). Factors which might impact future performance We operate the museum with an annual deficit. Income from investments partly closes this gap but the trustees acknowledge that we need to do more in terms of income generation and fundraising. We have financial investments that provide much needed income and our recent successes in applyinE for funding for specific projects ha5 been successful. We intend for this to continue. There are no specific factors of which the trustees are currently aware that will adversely affect financial performance. ReseNes Pollcy Statement The museum holds significant financial resee5 as a result of a historic legacy. The value of this was £627,491, Iwhich includes monies held within the investment portfolio within bank reserves), at the end of December 2023 Our policy is to maintain sufficient cash to meet our normal commitments and no more. We budget to benefit from around £30K each year in terms of withdrawals, which leaves the capital intact. Heritage Assets All of the items in the Museum's collection objects, maps, documents, photographs and books - are heritage assets. The Museum's collection consists of items related to the history of the town and the surrounding villages. The majority of the collection is related to local people and their domestic and working lives. Consequently, the majority of the objects are of low financial value and in some cases can be replaced with similar or related items if damaged or stolen.
Amersham Museum Limited Annual Report of the Dlrectors and Trustees On the Accounts for the Year Ended 31 December 2023 T¥ustees' responslbilities in relation to the flnancial st•tements The trustees are responsible for preparing the annual report and financial statements in accordance with appllcable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. Company law reqL*ires 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 of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements the trustees a requlred to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP IFRS 1021; make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subjert to any material departures disc105ed and explained in the account5,' and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping proper atcovnting records that distlose with reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 21K)6. They are also responsible for Safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial Inforination 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 lurlsdlctlons. This report has been prepared in accordance with the speclal provislons of the Charities Act 2011. Declarallon Approved by the Board on Signed on behalf of the Charity's Trustees by: and Signed on its behalf..- Mr K. McPolln
Amersham Museum Llmlted Annual Report of the Independent Examiner On the Accounts for the Year Ended 31 December 2023 I report on the accounts of the Charitable company for the year ended 31 Deeember 2023. which are set out on pages 11 to 23. RponsIbl11t1eS and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordante with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act anrl are eligible for independent examination. I report in respect of my examlnation of your companls account5 as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Cornmissior5 urider section 14515llbl of the 2011 Act. Independent examlner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination glving me cause to believe that in any material respect.. accounting records were not kept respect of the company as required by section 386 of the 2006 Act; or the atcounts do not accord with those records,. or the accounts do not comply with the accour*ting requirements of section 396 of the 2C(16 Act other than any requirement that the attounts give a 'true and fair Vie which Is not a matter considered 35 part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Prartice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to erbable a proper understanding of the accounts to be reached. DAVID GREEN, MA ICantsb} ACA Azets Suites B & D 8urnham Yard Beaconsfield Bucks HP9 2JH Date.. 26/9/ zo z4 10
Amersham Museum Llmited Statement of Flnanclal Artlvities On the Accounts for the Year Ended 31 December Z023 Unrestricted Restrirted Funds Funds 2023 2023 Total Funds 2023 tal Funds 2022 Notes INCOME Donations and legacie5 Charitable activities Investments Grants 16,511 46,940 9,196 7,329 23,840 46,940 9,196 154,179 41.7S9 8,946 7,368 Totol Income 72,647 7,329 79,976 212,252 EXPENDITURE Raising funds Charitable artivities Investment management costs 111.2561 1111,4071 16,1141 111,2561 133,1381 1144,5451 16,1141 111,5481 1148,3901 16,4741 io Totql expendlture 1128,7771 133,1381 1161,9151 1166,4121 Net gainslllossesl on investments Gain on revaluation of bullding li 12 31,938 31,938 141,5571 606.444 Net (expendltureJ/lncomeAor the year 124,1921 125,8091 150,0011 610,727 Transfer between funds Reconclliatlon of Funds 18 19551 955 Total Funds brought forward 2,073,901 107,493 2,181,394 1,570,667 Totol Funés currfedfvrward 18 2,048,754 82,639 2,131,393 2,181,394 All income and expenditure derive from continuing artivities The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 13 to 23 form part of these accounts
Amersham Museum Llmlted Balance Sheet On the Accounts for the Year Ended 31 December 2023 Totsl Total Funds 2022 Note5 2023 FIXED ASSETS Tangible assets Investments- at Market Value 12 13 1,446,247 627,491 2,073,738 1,459,343 592,709 2,052,052 CURRENT ASSETS Stock Debtors Cash in hand and at Bank 4,069 6.953 51,776 62,798 4,481 6,213 123,279 133,973 14 LESS: CURRENT LIABILITIES Creditors.. amounts due within one year 15 15,1431 14.6311 NET ASSETS 2,131,393 2,181,394 CHARITY FUNDS Unrestricted funds Restrirted funds 2,048,754 82,639 2,073.901 107,493 Total charity tunds 18 2,131,393 2.181,394 The company is entitled to exemption from audit under Section 477 of the Companies Act 2016 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its flnancial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2(6. The trustees acknowledge their responsibilities for.. lal ensufing that the company keeps accounting records which comply with Sertions 386 and 387 of the Companies Act 2006 and Ibl preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year In accordance with the requirements of Sectlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordante with the provisions of Part IS of the Companies . Act 2006 relating to small comp8nies. These financial statements were approved bythe Committee of Management on 26/9 IzoZ4 and signed on its behalf by.. Mr M. Day Mr K McPoli The notes on pa8es 13 to 23 form part of these account5 12
Amersham Museum Limited Notes to the Financial Statements On the Accounts forthe Year Ended 31 December 2023 I. STATUTORY INFORMATION Amersham Museum Limited is a private company, limited by guarantee, reElStered in Englarbd and Wales. The company's registered number and registèred office address (which is also it's trading address) can be found on page 3. 2. ACCOUNTING POLICIES: The charity constitutes a public benefit entity as defined by FRS 102. The Financial Statements have been prepared in compliance with Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 as it applies from l January 2021. A summary of the significant accountin8 policies applied in the preparation of these accounts are set out below. lal Basis of Actountin8 The Financial Statements are prepared under the historical ¢ost convention, modified to Include certain items at fair value. The financial statements are presented in sterlin8 1£> whlch is also the fun¢tional currency of the tompany. Ib) Fixed assets and dèpreciation. The Museum building is stated at fair value and no depreciation. Depreciation is provided, on a reducing balance basis. on fittinBS and equipment in the Museum at IOYO and on the Mobile Museum at 20%. Costs of exhIbt$ are written off as they are incurred as valuation of heritage assets cannot be obtained at a C05t commensurate with the benefit to the users of the accounts or the charity. Icl Value Added Tax.. Amersham Museum Limited is not registered for Value Added Tax. In these Flnancial Statements, where applicable. expenditure is shown inclusive of VAT. Idl Investments Investments are ¥ecognised initially at fair value which is normally the tran5a¢tion prlce excluding costs. Subsequently. they are measured at fair value with change5 iecognised in 'net 8ains1 Ilossesl on investments" on the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliablv. lel Cash Flow Statement.. Under Financial Reporting Standard SORP IFRS 1021, the Trust is not required to produce a Cash Flow Stalement as it is a Small Charity. 13
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 2. ACCOUNTING POLICIES Icontlnuedl Legacies For legacies. entitlement is the earlier of the charity being notified of an impending distribution or the leg3cy being recerved. At thi5 point income 15 reco8ni5ed. On occasion legacie5 will be notified to the charity, however it Is not Possible to measure the amo(Jnt expected to be distributed. On these occasions, thè legacy is treated a5 a contingent h55et and disclosed. Igl Income recoenition All incomin8 resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the incorne will be received. No amount is included in the financial statements for volunteer tirne in line with SORP IFRS 1021. Further detail is given in the Trustees, Annual Report. Investment income is earned through holdSng assets for Investment purposes such as shares and property. It includes dividends, interest and rent. Interest is recognised using the effective interest method and dividend and rent income is reto@nlsed as the charity's riÉht to receive payment is established. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third partie%, it is probable that the settlement will be requirèd and the amount of the obligation cèn be measured reliably. lil Allocation of support costs Support costs are those that assist the work of the charity but do not directly reprèsent charitable activities and include oflice costs. governance Costs and adrninistrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and have been allocated to cost of raising funds and expendilure on charitable activities. l Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expeded level of income and expenditure for 12 months from authorising these finantial Statements. The bJd8eted income and expÈnditure is sufficient with the levÈl of rèserves for the charity to be able to continue a5 going concern. Ikl Stock Stock is valued at the lower of cost or estimated net realisable value. 111 Debtors Debtor5 are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. 14
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 2. ACCOUNTING POLICIES Icontinuedl Im) Cash at bank Cash at bank comprises balances held in various short term or easy access accounts and represent highly liquid (unds. Creditors 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 al their settlernent date. Funds Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the 8eneral objectives of the charity and which have not been designated for other purposes. Crltlcal accounting estimates and areas of judgement Accounting estimates and judgernents are continually evaluated and are based on historical experience and other factors, including expectations of futuie events that we believed to be reasonable under the circurnstances. The company make5 estimates and assumptions concerning the fture. The resulting accounting estimates and assumptions can, potentially, be different Irom the related results. In the opinion of the trustee5, there are no specific key judgements or areas of estimates to disclose. 2023 2023 2022 Unrèstrleted Restricted Unrestricted 4,(K)O 3. GRANTS 2022 Rèstrlrted Buckingham5hire County Council Covid Grant Royal Pavillion History Course Grant Plastic Free Grant 120 3,248 7,248 120 15
Amer5ham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 4. INCOME FROM DONATIONS AND LEGACIES 2023 2023 Unrestricted Restricted 2,956 2,950 5,176 3,235 2,088 2022 Unrestricted 18,786 5,382 3,330 1,845 11.205 5.016 2022 Restrided Donations & legaeies Events Friend5 of Amersham Museum HMRC Gilt aid Projects Family & Adult Programmes 4.379 108.615 3,056 16,511 7,329 45,564 108,615 S. INVESTMENT INCOME 2023 Unrestrirted 78 9,118 9,196 2023 Restricted 2022 Interest received- Bank accounts Investment income Idividends and interest) 77 8,869 8.946 6. CHARITABLE ACTIVITIES 2023 2023 2022 Unrestricted 24.466 14.952 3,330 4,192 46,940 Restrlcted Admissions, guided walks and talks Sale of goods Room Hire Club 200 income 18,693 15,592 2,942 4,532 41,759 Club 200 income relates to a Small Society Lottery which is operated solely to contribute towards the museums. annual running costs. 7. NET INCOME FOR THE YEAR 2023 2022 Net income 15 Stated after Icreditin8l/ch6r8ing: Depreciation Accountanry fee5- Independent Examination and other fees 18,350 19,731 3.462 3,300 8. RAISING FUNDS 2023 2022 Cost of goods sold 11,256 11.548 16
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 9. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES AND SUPPORT COSTS 2023 2023 Unrestficted Restricted 2022 Staff Exhibitions & events Conservation Interpretation Acquisitions Subscriptions Publicity Collections care AONB Chalk, Cherries & chair5 Age Friendly Martys Play A new view MLVM Social prescribing Plastic Free Shop Refugee week Chiltern society Open weekend Bucks Recovery Grant/Reiail Artist Innovate to Generate Local History Course Together we build stronger Schools Talk5 Art Club Mobile Museum Club 2(X) c05t5 Cleaning General Maintenance Security & alarm maintènance Utilities-Electric/ rates & water Bank charges Seminar5 & traininE Insurance Postage arbd stationery Sundries Depreciation Computer consumables Independent Examiner's Remuneration Professional fees 46,099 4.720 46,145 165 1,715 555 207 386 2,573 1,077 1,032 4.385 7.C61 542 550 361 2,950 1.490 623 1,005 22.046 806 8,721 425 86 134 2.486 i.0 821 304 398 2,038 2.841 2,375 5.763 8.753 324 2,447 3,663 1,970 5,640 2,744 1,016 5.601 125 294 9,127 1,372 1,116 17,384 4,214 3.462 1.243 111,407 Club 200 tosts relate to prize draws and to other costs incurred in the running of the Small Society Lottery. 4,378 159 784 6,925 1,188 1,765 19.731 4,888 3,300 2.563 148,390 966 33,138
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 10. INVESTMENT MANAGEMENTCOSTS Investment manaBement charges 2023 2022 6.114 2023 6,474 2022 11. GAINs/ILOSSESI ON INVESTMENTS Realised gains111055esl on investment5 Unrealised gains11105sesl on investments 9,329 22,609 31,938 15,4211 136,1361 141,5571 12. FIXED ASSErs Freehold Mobile Fittin 8ulldin s Musèum 1.301.575 38,192 ui mènt Total 347,054 1,686,821 5,254 5,254 Cost or revaluation Brought forward 35 31 l January 2023 Additions Revaluations Carried forward as at 31 December 2023 1,301,575 38,192 352,308 1,692,075 Depreciaiion Brought forwa¥d as at l January 2023 Charge lor year Carried forward as at 31 December 2023 22,549 3,129 25,678 204,929 15,221 220,150 227,478 18,350 245.828 Net Book Value A5 at 31 December 2023 1,301.575 12,514 132,158 1,446,247 As at 31 December 2022 1,301.575 15,643 142,125 1,459,343 The building is valued at an open market value based on directors assessment. If the building was stated on a historic cosi basis rather than a fair value basis the amount would have been included as £695,J3112022'. £695.1311. Herltage Assets All of the items in the museum's collection objects. rnaps. documents, photographs, maps and books- are heritage assets. The museum's collection cons1Sts of itern5 related to the history of the town and the surrounding villages. The majority of our collection is related to local people and their domestic and working lives. Consequently, the rnajority of our object5 are of low financial value and in some cases can be replaced with similar or rÈlatÈd items if damaged or stolen. 13. INVESTMENTS The portfolio comprises of Fixed interest bonds, Index linked government bond5, Equities, credit and illiquid strategies, Global funds, Gold and preciou5 meta15, forward foreign exchange and cash. Investments ot MARKET VALUE (Excludes cash + Joreign currenciesj Openin8 balance as at l January 2023 Additions Disposals Unrealised gains Closlng balance as at 31 December 2023 Disposal proceeds Gain on disposal 566.788 178,173 1301,9961 22,609 465,574 311,325 9,329
Arnersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 13. INVESTMENTS Icontinuedl Analysis of Fair Imarketl value of all investments 202 2022 Securities Cash held 465.574 566.788 161.917 25,921 627.491 592,709 The fair value of listed investments is determined by refwence to the quoted price for identical assets In an active market at the balarFce sheet date. Cost value of investments in securities as at 31 December 2023 437.329 Cosi value of investments in securities a5 at 31 December 2022 563.907 14. DEBTORS 2023 2022 Prepayments and accrued income 6,953 6.213 15. CREDITORS 2023 2022 Accruals and deferred income 5.143 4.631 16. FRIENDSOFAMERSHAM MUSEUM 2023 2022 Income Subscript+ons and donations Le5s.' Expendlture Fund raising & sundry expense5 3.235 3,330 18351 12651 Transferred to SOFA 2,400 3.065 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrirted Restrirte Funds Total Funds Funds Fixed A55ets Net Current Assets 2,069.873 121,1191 3,865 78,774 2,073,738 57,655 2,048,754 82.639 2,131,393 19
Amersham Museum Limited Notes to the Financial Statements On the Account5 for the Year Ended 31 December 2023 17. ANALYSIS OF NET ASS5 BETWEEN FUNDS Icontinuedl ANALYSIS OF NET ASSETS 8ETWEEN FUNDS- PREVIOUS YEAR Unrestrlcted Restrlcted Total Funds Funds Fun Fixed Assets Net Current Assets 2,052,052 21,849 2,052,052 129,342 107.493 2.073,901 107.493 2,181,394 18 MOVEMENT IN FUNDS-CURRENTYEAR At l Janua 2023 105.232 Incomln Resources 579 50 At 31 Dec 2023 79,144 Rèstricted Funds Mlvm Paintings AONB Chalk. Cherries & Chairs Dolls House Together we build stronger Plastic Free Shop Innovate to Generate Local History Course Social Prestribing (Bucks culturel Refugee week Chiltern Soclety Open weekend Bucks Other Resource5 126,6671 11,0051 Transfers 955 1.686 179 196 200 1,686 11791 196 2(X) 224 275 914 1,750 700 1.000 300 2.950 7.329 11,5261 14251 1861 13001 12,9501 133,1381 107,493 955 82,639 General funds 2,073,901 104,585 1128.7771 19551 2.048.754 unrestricted funds 2,073,901 104,585 1128,7771 19551 2.048,754 Total fvnds 2.181.394 111,914 1161,9151 2.131,393 Incoming and outcoming resources iTJ¢lude realised and UDrealis¢d gains and logses on fair value of investments. The Restricted funds comprises of MLVM Exhlbltlon. The Grant is to 5UPPOrt the Museum in the creation of a dedicated temporary exhibition space through to 2025 that will showcase contemporary and histo¥ic artists and craftspeople who live locally or hève a connection with the Arnersham area arbd a5SOClated activities including supporting a community learning prograrnme and an accredlted program for young people aged 14-18. AON8, Chalk, Cherries & Chalrs Funding for projects designed to Support the aim of connecting local people to the wildlife and Cultural heritage of the area. 20
Amersham Museum Limited Notes to the Flnancial Statements On the Accounts for the Year Ended 31 December 2023 Dolls House Dolls House Funding towards the creation of a doll's house, and the conservation of historical dolls house to form part of the exhibition within the museum. Together we build stronger Funding to Support the Together We Build Stronger project to mark ihe IO, anniversarv of the London 2012 Paralympics through displays and training that champion access and inclusion. Plastlc Free Shop Funding lor a project with local community group Sustainable Amer5ham to work towards plastic free Status for Amersham which essentially means reducing the use of single-use plastic. This includes an exhibition at the museum, schools, sessions to explore ideas of sustainability, and ouireach visits to consult with the local community about their use ol pla5ticg. shopping and recycling habits. Rètovery Grantlretail artist and innovate to Generate Local Hlstory Course Grants which have been used to commission an online local history course for adults and an artist to design a textile for the museum, to develop into products in our shop and to use within the museum. Social Prescribing project. Funded by Bucks Culturelsupported by the Clare Foundationl- to promote and run a series of sessions for older people linked to objects and music. exploring the links with social prescribing. Refugee wèek Funding towards 2023 Refugee Week pro8ramme. Permission has been given by one of the doner5 for outstanding funds to be put towards the 2024 Refugee Week piogramme. Chiltern Soclety To support %taff time and materials related to the documentation and cataloguing of collèctions recently acquired from the families of the late Anne Paton and Jean Archer. Open weekend 8uck5 To support specialist staff time to with the delivery of events to showcase a range of objects from the collection, which visitors don't norrnally have the opportunity to see. To share these and ask people their thoughts on them, as part of the development and consultation work, to create a new timeline about the history of Amersham. To run one session with young people on the Friday and a second session for Eeneral visitors on the Saturdav. Other represent funding for the acquisrtion of artwork, purchase of photographic album and conservation of a painting. Restricted funds are provided to the Museum with conditions on the precise use of the funds. They cany follow an application for Erant aid, and in most cases any unused surplus should be offered back to the donating body. They tan include funding not included in regular tncome and expenditure reports due to the multi-year duration of the projects. 21
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 18 MOVEMENTIN FUNDS- PREVIOUS YEAR Atl Januar 202 Incomin esour oin At310ec 2022 Restrlcted Funds ur¢ Transfers Age Friendly 4,324 31 14,3851 30 MLVM Paintings AONB Chalk, Cherries & Chairs Dolls House Together we build stronger Plastic Free Shop Recovery Grant/Retail Artist Innovate to Generate Local History Course 696 105,613 237 11,0771 11.0321 105,232 795 1.686 1.686 179 196 1.000 1.734 8211 18.7211 12,4861 11,0001 7.183 2,456 1.080 30 120 200 17,425 108,735 119.5221 855 107.493 Gèneral funds 1,553,242 103,517 417,997 18551 2,073,901 Unrestrictèd funds 1,553,242 103.517 417,997 18551 2,073,901 Total funds 1.570.667 212.252 398.475 2,181.394 In¢omlng and outgoing resources include unrealised gains/l1055es1 on revaluatton of investments. The purpose of restricted funds still held as at 31 Deomber 2022 have been Covered within the movement in funds current year. 19 ANALYSIS OF CHANGES IN DEBT Atl Janua 2023 Other At31 Oec 2023 chan Cash flow eS Cash at bank and in hand 123.279 171,5031 51.776 123,279 171,5031 51,776 Loans Totsl net debts 123,279 171,5031 51.776 22
Amersham Museum Limited Notes to the Financial Statements On the Accounts for the Year Ended 31 December 2023 20. RELITED PARTY TRANSACTIONS There were no related party transactions dL•iing the period12022.. £nill. 21.TRUSTE£SAND KEY MANAGEMENT EXPENSES The reirnbursement of expense5 Wa5 as follows: 2023 No. 2022 No. 2023 2022 Trustees 804 2,395 804 2.395 Reimbursed expenditure was in relation to postage. stationery, travel and other surbdry expenses. 22. STAFF COSTSAND EMPLOYEE BENEFITS The average nurnbei of monthly employees during the year was: 2023 2022 No. No. Charitable aciivlties The expenses reimbursed include travel and general items for the museum for the general day to day running, The total staff cosls and employees benefits was as follows-_ 2023 2022 Wages and salaries Employers Nl Employers pension costs 49.324 44,621 1,495 1,524 50,819 46,145 No employee received emoluments of more than £60.000 in the current or prior year. The charity trustees were not remunerated or received benefits in the current or prior year. 23. SHARE CApAL The charitablè company is limited by guarantee and has no share capital 23