REGISTERED COMPANY NiNBER: 01808079 (Enand #nd Wales) REGISTERED CHARITY NUMBER: 289555 PORT F THE TRUSTEES AND ALry TA MENT FOR THE YEAR ENDED 31 DE EMBER 2 OR AND MU EUM Staffords Chartered A¢¢ountants Unil I, Cambridge House Camboro BLLsin¢8s Park Oakington Road. Girton CAMBRIDGE Combrid8eshire CB3 OQH
AND SELTrq CONTETr4TS OF THE FIF¥ANCJAL STATENIENTS FOR NDED ECE R202 Page Report of the Trustees llldependtnt Emminer's Rewbrt St4temeDt of Financial ArtiTrltks Balance Sheet 7 to 8 Note5 to the Flll#nci SiaterneDts 9 10 20 Detailed Statejnettt of Flnancial ActtTritie5 21 to 22
USE REPORT OF THE TRLSTEES THE ED31D MBER The tnLstees who are also directors of rhe charity for the putyoses of the CompaTU¢S Act 2006, present th¢ir rewrt with the financial statements of the eharity for the year ended 31 Dettmber 2023. The trustees have adopted the prtsvisions of A¢countin8 and RqK)rting by Charities.. Sth*menl of Recommended Practice applicable to charities preparing their a¢¢ounts in a¢cordance with ihe Finan¢ial Rqrting Sthndard appli¢able in the UK and Republi¢ of Ireland (FRS 1021 (effective l Janry 2019). OWECTIVES AI¥D ACTIIITIES Objertives and aim5 The objects arr the promotion of th¢ education of the public in the social and natural history, geology and archaeology of England with parttcular refeyrnce to agricultUTe and agnculturdl history in Cambridgeshire and the Fens. Publi¢ benefit setting Our objective$ and planning our activiiies. the Trustees have given careful considerdtion to the Charity Commission's general guidance on public barit. In particular, the Trustces have considered how planned activitie5 will contribuk to the aims and objectives they have sei. The TrLLStees have cornplied with the duty in Section 4 of the 2011 Charitie5 Act ¢0 have due regajd to guidance published by the Charity commissio including public benefit guidance. The a¢tLVlties of the trust educate the public tn the social and nara] history, geology and aythaeology of England, with particular referetKe to agricultu and agricultural history in Cambridgeshire and the FerLS. Page
AND SE EPORT OF THE TRUSTE OR AR END IDE ACHiEVEMENT AND PERFORMANCE ChAirs Report for the Farmland Mustum for the year endlAg December 2023 The mll8eum has had another sucte&sful year with a slight ITrease in visitor numbers. April and August numttrs were dowi due to rain. Income has tmproved 28ain, especially from the cafe. Our 5epti¢ tank replacement went well, and the g11 included ftuLd5 for landscaping and improving the grnvel paths which is a great improvemeni. A eption was kld to thank CCF and Thallia for their contrÈbution. During the year, our curdtor and the catering supervisor both handed in their notice. Catering support w&$ difficulL but a fornier member of staff [trned and the 51 was covered by volunteers or tk other SLiff TllembeTS. A new recnEII joined the sthff a5 junior curator and we are very pleased that she has been accepted on to the Cw?tor appren¢i¢eship at Teesside University, and this coue has external funding. We also had a 5econdmeni fiDm English Heritage. who provided collections care and conservation advice, wluch helps us me£t a¢creditation requirements. A successful volunteerrecruitment projecL funded by Share EasL added 6 vo]unke. The education team is now rnnning our schools sessions. A bid ¢hwugh CCF was 5uccevthl, ar]d we We able to support transport Costs for %choo15 to visit the museum. We also had a number of paid school visits in addition. A totsl of10 schools and over 6(K> children visited during the year. We have had a number of stJmmeT exhtbitions, events and children's activitie% which have proved popular and successful. espeeially Knight club, Anglo S&xon re-enactors and a heritsge CTaft event. English Heritage have employed contractors to renovate the cottage. Iluding moVal of the old external paint with Sand blasting. Therefore the cottage has been closed to visitors for the year, and we put on a temporary exhibition of the cottage In pigshed 3. Our Museum Manager. along with trustees has been working with Heritage Com]M55 to get ifdined in ndraising. We also havt a fundraising datsbase showing htsw we compare io other tllU5eums and where money is raised. We have identified thai we ¢ould get moTe income fiDm grants than currenily. We have now approved our Bu5ines% plan to match the fon¥ard plan. The Trustee5 hav¢ agreed to incm5e (Mlr managePs hours next Season so she can apply for grdllLS and funding. We look fonvard to another great year in 2024. Vi$iior numbers MoThth March April May June July August September October Total 2017 2018 2019 2020 2021 2022 430 1,613 1,377 1,369 .391 2.439 1,465 1,168 11252 2023 549 1.378 1.704 1.382 1.544 2,191 1,542 1,071 1,399 1,270 ,021 1.432 2,119 1,025 1.204 9,470 1,442 1,412 200 581 781 985 2.375 1.031 1,004 954 1,225 774 1,024 1.713 811 865 covid covid covid 869 .714 765 753 7000 481 975 943 2J99 FINANCIAL REVIEW FIDaThciAI positloll At the year en¢ t Gerrdl Fund sknwed a deficit of £18,426 compared to a deficit of £9,472 at the ertd of 2022. This negative balance takeb into account longer temi creditors. and the n$t[l¢t£d net current asset position is £76.36] 12022.. 85.253}. This ts higher Ihan tk figll thai the Tnlee5 have CO41dered in their reserves policy (see below). P2ge 2
AND USE REPORT OF THE TRUSTEES OR TH AR EI¥¥ ED31 ECEMB 20 FlTriANCIAL REVIEW Reserves policy We have a Staled reserve5 policy to hold ¢utTent assets tn the General Fund representing 3 months expenditu ai the year end to cover the period between January and March when the museum Is not open for visiiojs and income 15 effectively zero. As noted above, at the end of 2023, the curTent assets total in the General Fund was quiva]ent to 6 months. eXnditure which comfortably cover5 this. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverniTh¥ document The charity is controlled by its. govemrng documen¢ a deed of UUSL and constitutes a limited ctsmpany, limited by guarantee, a5 defined by the Companie% Act 2006. Recrultmettt appointment of new trustee As srf out in the Articles of Association {39-481, the Trustee5 have power at any tjme to appoint any pmon to be a Trustee either io fill a casual vacancy or as an eddition to the exisitng Trustees. Any Tnstecs so apw>inted shall hold office only until the next AGM and shall then be eligible for election or re-election. The Chaimian of the Board of Tjustees ss the pet50n appoint¢d as Chairnmn by majority at each AGM of the Charity. The Chairnian will hold office from the da of histher apwiniment until detern)ination of the AGM next following the AGM at which helshe was apJx)int¢d. The Trust may from time to lime by Ordinary Resolutson incrtrdse OT reduce the number of Trusttt5 blli so that the nurnber of Tte¢S is at no lime less than three. When eonsidering Trustees. Ihe Board has rrgard 10 the requiretneni for any specialist skills needed. REFERENCE AND ADMINISTRATJVE DETAILS Registered Company number 01 R08079 IEn¥land and Wales) Registered Charity number 289555 Re8i5tered offjce Denny Abbey Ely Road Waterbeach CAMBRIDGE Cambridge%hire CB25 9PQ Trusiees S G Archer Chaim]an M% C A Huni Nu]Je M5 V Atkin50n Opetations Manager Dr F M Macmillan MemkrNetworks Manager M A Pe10 Retail And Admission Manager (rtgrted 311212023) M5 H M Plll'llip% PrOOfder S O Venn Development Dtrector Dr R M WilliaOn Retired Drj R Williamson Retired Ms C Easiejfield Reiired (appointed 1211212023) Page 3
MUSE REPORT OF THE TRUSTEES FOR D31D REFERENCE AND ADlINISTRATIvE DETAIIS IndependeDt Examiller Stsffonts Chartered Accountsnts Unit I, Cambridge House Camboro Business Park Oakn'ngton Road. Girton CAMBRtDGE Cambridgeshire CB3 OQH Bajthers Ba]rlays Bank plc 28 Hi8h Streei ELY cambridges're CB7 4LA 3010912024 Approved by orderof the board of tsu5.tees ¢)n............................................. and signed on its behalf by.. S G Archer. Tne Page 4
ITrIDE ENDENf EK4MINERS ARMLAND MUSEUM ORT USTE OF JDdepeDdent examiner's report to the tr115tets of Farmland Museumcfhel ('the Company'} l ]Yport to tk charity tn(ee$ my examination of the accounts tsf the Company for year ¢nded 31 Decernber 2023. Re$pollsibilitSes basls of rep(brt As the charity's tnLStees of the Company land also ILS diTfCtors for the purpose5 of company lawl you are responsible for the preparabon of the accounts in accordance with the requirements of Companies Act 20061'the 2(KJ6 ACVI. Having satisfied myself that the accounts. of the Company are not required to be auditrd under Paft 16 of the 2(K)6 A¢t and are eligible for independent examination, l port in respect of my examination of your chariws accounts &$ carried out under Section 145 of the Charities Act 2011 I'the 2011 Act,). In Carrying out my examination I have followed the Direciions 8iv¢n by the Chan"ty Commission under Section 145(5) Ibl of tk 2011 ACL Independent ex&mlner'$ 5t*temeDt I have ¢tsmplekd my examInation. l ¢onfLmi thai no mattets have ¢orne to my attention in connection with the exaTninaiion giving me cause io believe.. accounting records were Th)t kept in respect of the Company as required by Se¢tion 386 of the 2006 ACL or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered &$ part of on Ij¢Pe1¥Itnt examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for ac¢ounting artd reporting by charities (applicable to charities preparing their accounts in accordan¢e with ihe Financial Rew)rting Standard applicable in th¢ UK and Republic of Irrland (FRS 102)). I have no ¢oncerns and have come a¢8 no other matters in COreCtion with the examination to whi¢h attention should be drawn in this r¢p)rt in order to enable a propel urKters¢anding of the accounts to be reached. Matthew P¢tttfer FCA Stsffi>TYIs Charteird Aecountants Unit I, Cambridge House Cambo]D Business Park Oakington Road, Girton CAMBRtDGE Cambridgeshire CB3 OQH Date.. Page 5
USE TATE.ME.YT OF FI.NANCIAL AcfiviTIES OR T AREN ED31D IBER 2 2023 Totsl furMIs 2022 Total funds Restiicted funds nds Notes INCOME AND END0WmEI FROM Donations and legacie5 11,180 48.059 59,239 69,218 Charitable 4ctlTrlties Mubeum 39,437 39,437 42.201 Other tradiTtg aciiwties Inve8¢ment income 69,265 3.148 69,265 3.148 66,099 612 Totsj 123.030 48.059 171.089 178,130 EXTENDITURE ON Raising funds 26,382 26.382 26,385 Charitsble actliitie5 102,445 19,831 122.276 103,461 Total 128,827 19.831 148,658 129,846 NET RN'COI¥IElffXPENDITURE) TrAnsfers between funds {5,797) 40.5R8 28.228 (40.588) 22,431 48,284 16 N¢t movement in funds 34,791 (12,3) 22.431 48.284 RECONCILIATION OF FUNDS Tota] funds brought forward 92,149 133.333 225,482 177,198 TOTAL FUNDS CARRIED FORWARD 126,940 120,973 247.913 225,482 The notes fomi part of these financial statements Page 6
MU ALLJCE SHEET IDE R202 2023 Total nds 2022 Total funds Unrestricted J5 Restricted funds Notes FtXED ASSETS Tan¥ible assets 103,379 117.303 220,682 183.031 CURRENT ASSETS stks DebtOTS Cash at baT 12 13 2,850 3,048 83,688 2.850 3,048 87.358 3.889 10.919 96.026 3,670 89,586 3.670 93,256 110,834 CREDJTORS Amounts falling due within ot)e year 14 {13,2251 (13,225) (13,883) NET CURRENT ASSETS 76,361 3.670 80,031 96.951 TOTAL ASSETS LESS CURRENT LIABILATIES 179.740 120,973 3(NJ.713 279,982 CREDITORS Amounts fa]ling due after more than one year 15 {52,8001 152,8001 (S4,51) NET ASSETS 126.940 120.973 247.913 225,482 FUNDS Unrestricted funds Restricted furkts 16 126,940 120.973 92.149 133,333 TOTAL FUNDS 247.913 225.482 The charitable company is entitled to exemption from audit urKler Section 477 of the Companies Act 2(K16 for the year eTKkd 31 December2023. The members have not ]Yquired company io obtain all audit of its financia] statements for the year ended 31 December202J in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their SpOnSibl11ties for la) ensuting that the charitsble company ke£ps accounting records thai comply with Sections 386 and 387 of the Companies A¢t 2(X)6 and preparing financial statements which give a true and fair view of the sthie of affairs of the charitable cornpatjy ai the end of Vdch financial year and of its surplus or deficit for each financial year iR accordance with the requirements of slIOns 394 and 395 and which othe]wise ¢omply wilh the requi]Yments of the Comparties Act 2006 relating io financial stsiernenL8 so far as applicable to the Charitable company. {b) The note5 fomi part of these financial statements Page 7 Continued...
AND ALANCE SHEET- eontin IDE These financial ststements have been prepattd in accorda¢ with the provisions applicable io charitable companies subject to tk srnall ¢OTnpanies g]rne. The financial stsiements were approved by the Board of TnJstee5 3010912024 . and were signed on its behalf by: authorised for issue on S G Archer- Tmstee The notes forni pan of these financial Statements Page 8
FAR AND SEUM NOTES T THE blNAF4CIAL STATEMENTS OR THE TrEAR ECE 202 ACCOUNTING POLICIES Basis of preparing the flnancR81 $t#temeDts The financial statements of the charitable company, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102)'Accounting and Reporting by Charities.. Statement of Recommended Pra¢iice applicable to charities preparing their accounLS in accordance with the Financial Reporting Stsrd applicable in the UK and Republic of I13nd IFRS 1021 (effective l January 20191,. Financial Reporting Standard 102 Tr Financial Reporting Standard appli¢able in the UK and Republic of Ireland, and the Cotnpanie8 Act 21K)6. The financial statements have been prepartd ujxlei the historical cost convention. The accounts. have been prepared on a gotng concem basis. The charity Is heavily derKndenl on income from relatively few fund¢rs together with admission al fvnds from sehool vi5jts. The Trusiees have an agreement in place with admIni5trdtOJ5 of the Local Govemment Pension Scheme cOncern8 the signifjcant pension liabiliry disclosed in the notes. Ths provides for an initial IuTnp-sum payment and then a 5er%es of monthly Itla11rnents a5 disclosed in notes 14 and 15. The Trustees are confideni that the ChaTity will have sufficient cash to continue in busine$5 for the next 12 months from the da of this report and theJYft>re thai the Going Concern Basis of preparation is appropriate. Significant judgemeTht5 Apart frotn those judgements involving e5timaiions, the management ha5 noi made any judgemenL8 in the proce&s of applying ihe entity'% accounting policie% ihat have significant effect on the amounts reCognid in the accounts. There are no key a5sumption5 con¢eming the future or other key sources of e51tmation uncertainly At the Jyporting date that have significant risk of causing a material adjustment to tk can)4ng amounts of asbets and liabilities within the next rrpontng peTi(xi. Intome All income 15 recognised in the Slataneni of Financial Activiites once the charity h&$ entidement to the fund5, it is probable that the inctsme will be received and the amount &qn be rneasuJYd Eeliably. Expendtture Liabiliiie% ale recognised as expenditure as s(K>n a% the is a legal OT cOtctive obligation cornmitting the ¢harity to ¢hai expenditure, il is probable that a transfer of economic benefiL% will be required irt settlemeni and ihe amount of the obligaiion can be zneasured lIablY. EKpendiiuTr is accounted for on an accnJa15 b]S and has been classified under headin&s that aggregate all cost related lo the category. Where COSLS cannot be dire¢tly attributed to panicular headings they have been allocated to activities on a basis ¢on5jStent with the use of resources. GranL8 OtTered subject to cojxfition5 which have noi been m¢¢ at the year end date are noted as a cornmitmeni bul not a¢¢Tued a% expendiwre. Charitable 2tti%ities The tnL8tee5 are of the view that the charity h&% one main activity - that of educating tht public in th¢ social and naruTal hisiory, geology and archaetslogy of England. Charitable aciivity costs have therefore been allocated to tM's a¢¢ivity. Alloc8tion and apportionment of costs Costs are directly allocakd io re5tiicied funds where the costs have been illCUTred in accordance with the tern of the reskncted fvThJ. T8Dgible fjxed assets Depreciation is provided at the following aTUal ¥ate5' in order to wriie off each asset over its estimated useful Page 9 continued...
ANDM NOTES TO THE FINANCIAL STATEMENTS- contin HEYE Tr*DE EcEIB 23 ACCOW4TING POLICIES- continued Tattgible flxed 8SS¢t3 Frtthold propety Fixtures and fittings 20/1 Oll Cost 25% on reducing balanc¢ Stocks stLks are valued ai the lower of cost and net realisable value, after making allowa for obsolete and slow moving items. Taxation The charity is exempt frtsrn corporation tax on its charitable a¢tivitie5. Fund actountiRg Unrestricted funds can be used in accordance with the charithble objeciives at the diKretion of the tste¢S. Restricted funds can only be u%ed for parti¢ular restri¢ied purwses within objecLS of tk charity. Restrictions arise when specified by the donor or wkn funds are rdj5ed forparticular Jybtiicttd purpose5. Further explanation of the and putyose of each is included in the to the financial statements. PeThsion costs And other St-retirement benefits The chaiiiable ¢ompany operate5 a defined contribution pension scheme. Contribytions payable to the charitable company's pension scheme are charged ¢0 the Stsiement of Financial ACti1tic5 in the period to which they relai¢. Cash #t baDk and in hand C&sh at bank and in hand in¢lude5 cash and short temi highly liquid invesbnents with a maturity of 3 months or le%$ from the date of acquisition of the opening of the deposit. Debtor5 Trdde and other debtors are recognised ai the settlement amouni due after any ljade discount offered. Prepayments and accrued in¢ome a]r recogni5ed ai the amount prepaid or accrued net of any irade discounts dut. Credltor5 Creditors are recogni5ed where the charity has a present obltgaiion resulting from a past event thai will probably sU[t in the transfer of funds lo a ihird patry and the amouni due 10 settle the obligation can be measujtd or e5timatd reliably. credito and PTOViSiOJLS are norn]]y recogni%ed at their settlement amount after allowing for any iTade discounLS due. Page 10 continued...
AND.M OTES TO THE FI,YA OR TrTAR EN IAL STATEMENTS- CODtiD 31DE 2023 DONATIONS AND LEGACIES 2023 2022 Donations Grants 11.180 48.059 36,110 33,108 59,239 69,218 Gtants received irtcluded in the Above. are &s folltsws.- 202J 2022 South Cambridgeshire District Council Cambridgeshire County Council Fossey TnLSt Cambs Community Foundation Cause 4 Museums in Cambridge ShaTe Museum East 1,8(K) 612 8,500 41.804 17.457 383 2,4fK) 48,059 33,108 OTHER TIL4DING ACTIVITIES 2023 2022 Shop income Bookshop tn¢orne Cafe Income Hire of Site SuTKlry rncome 8.564 987 58.238 725 751 8.986 948 55,079 567 519 69,265 66,099 INVESTMETrIT INCOME 2023 2022 rkpo.%it account inietest 3,148 612 Pagell conttnued...
D MUSE NOTES TO THE FINcIAL STATEMEN TH AREN D31D MBER - eontillu INCOME FROM CHAABLE ACrnqTIES 2023 2022 Activity Museum Museurn Museum Admissions School & ¢our5e fee8 EH managemeni agreement 21,852 1,585 16.0(K) 19,238 3203 19.760 39,437 42,201 ILIISING FUNDS (hber tradlng actii?tie5 2023 2022 Bad debts Shop 5ck Cafe Stock &. costs 425 4,591 21,369 3.678 22.704 26.382 26.385 NET tr4COME/(EXTENDrTh) Net in¢omel{expenditure) is sthtd after ChargiT(crediting)'. 2023 2022 Depreciation- owned assets 11,252 8,055 TRUSTEES, REMuERATI0N AND BENEFITS There were no twstees, remunerdtion or other benefits for ihe ye2r ended 31 December 2023 nor for the year ended 31 December 2022. Trusttts, expenses There were no tntte$, expenses paid for the year ended 31 De¢ember 2023 nor for the year ended 31 Decemkr 2022. Page 12 Continued...
DMU NOTES TO THE FINLYCL4L STATEMEiYr YEAR D31D MBER 023 - colltinu STAFF COSTS 2023 2022 Wages and Salaries Other pension costs 59,021 1,693 53,905 1.414 60.714 55,319 The averdge monthly number of employees during the year was a5 follows: 2023 Museum Cafe VSA 2022 No employees re¢eived emoluments in excess of £60,000. The key management pm.oJu)el of the charity comp]ise the TrLLStees and the Museum Manager. Total employee costs of ihe Museum Manager iotalld £18.082 (2022.. £16,345}. COMPARATIVES FOR THE STATEMENT OF FINAf*CIAL ACTJVJTJES Unrestri¢ted fun(Ls Restiicted fund5 Toral furKts INCOME AND ENWMENTs FROM Donations and legacies 50,610 18.6A)8 69.218 Ch4riiable activities Museum 42,201 42,201 Other bxdillg actlvllies Investhient income 66.099 612 612 Totsl 159,522 18,61)8 178,130 EXPENDITURE or4 Raising funds 26,385 26.385 Charltable AttiTrYtles Museum 90.897 12.564 103,461 Total 117,282 12,5 129.846 NET INCOME Transfers between funds 42.240 442 48,284 Net movemellt in funds 42,682 5,602 48,284 Page 13 ntinued...
DMU NOTES TO THE FI.NcIAL STA TEIIEliT D31 cE(BER 2 - eoDtiDU io. colPARATIVEs FOR THE STATEMENT OF FINLNCtAL ACTtVlTIES- continued Unrestricied Restricted nds funds Total RECOF4CILIATION OF FUNDS Totsl fiLnds broughi fotward 49,467 127,731 177,198 TOTAL FUNDS CARRIED FORWARD 92,149 133,333 225.482 ii. TANGIBLE FIXED ASSETS FixDJres and rittings Freehold property Plani and machinery Totals COST Ai l January 2023 Additions 340,580 76,256 43,9S9 64,445 4,944 481.281 48.903 At 31 December 2023 340,580 120,215 69,389 530,184 DEPRECJATION Ai l January 2023 Charge foryear 162,567 6,383 76.030 3.559 59,653 1,310 298,250 11,252 Ai 31 Deeember 2023 168.950 79,589 60,963 309,502 NET BOOK VALUE At 31 December 2023 171,630 40,626 8,426 220,682 Ai JI December 2022 178.013 226 4.792 183,031 12. STOCXS 2023 2022 Stocks 2,850 3,889 Page 14 continued...
NOTES T ORT THE FIINANCIAL STATE,%IENTS- eontinued .YDED ECE.MB 023 13. DEBTORS: AMOUNTS FALLING DIJE WITHIN ONE TrEAR 2023 2022 Trdde debtors Other debtors Prepayments and accrued income 3(K> 478 2.270 651 10.268 3,048 10,919 A4. CREDITORS: AMOUNTS FALLING DLT WTHIN ONE YEAR 2023 2022 Social security alld othertaxe5 Othercrediior5 LGPS crrditor A¢¢nlS and defentd income 927 9,708 1.200 1.390 1,227 10,061 1.2(K> 1,395 13,225 13.88J 15. CREDITORS: AMOUNTS FALLING DL AFTER MORE TILIN ONE TrTAR 2023 2022 LGPS creditor11-5 yeats) Other creditOTS LGPS erediior(>5 yea13) 4,81Xl 9.0(X) 39,IKK> 4.800 9.500 40,2(X) 52.800 54,500 Other ¢dIto15 of £9,000 comprise of an in¢ere5t-free loall h&$ been advanced by a supp)rter of the Museum io a5S15t with cash flow. The lender has indicaied thai there are no specific repayment temis and that loan is tsnly repayable once ¢he Museum's flow peTmits. Agreemeni ha5 been reached with the Local Govemment Pension Scheme on a staged repayment of the Museum's pension liabilities. The amount shown represenrs the in5talmenLS due from 2023 onwards. Page 15 continued...
ANDM NOTES TO THE FIJI,NcIAL STATEIENTs- CODtiD OR THE YEAR EN'D 31 DEC R 2023 16. MOVEI¥IENT IN FUNDS Nei movement in funds TrdnsfeE5 benveen Ai 31112123 A¢ 111123 Unrestricted funds General fimd Designated fund5 Museum development {9,472) 61.396 40,225 16391 (6.9201 1.762 {8.3151 48.90J (18,426) 103,379 41,987 92,149 {5,797) 40.588 Restricted funds Freehold Property Fund Miscellaneous rtstricted Play area Music pJK)jeei Fonvard planning Tracing ts7ditio Feasibility study Heritage Compass Progrdmtne School Invel fund Sewage plant Sm211 Grants Supp)rting Volunteering Trustee away day 126.940 120.970 IIK) 665 155 (4,1661 171) {166) 116,804 29 499 155 960 53 5J 10.430 (10.4581 1.000 .180 39,124 1.8(K) 120) 28 I,o(K> 1,180 (39,124) (1.5121 20 288 133.333 28,228 (40.588} 120.973 TOTAL FUNDS 225.482 22.431 247.913 Page 16 continued...
'OTES TO THE FINLYCIAL STATEIE,Ts- tolltiDued ED31 EcE(BE 023 16. MOVEMENT IN FDS- eoDtiDued Net movement in fvnd5. included En the ab)ve are as follows= Incoming resources Resources expended Movement Unrestricted fllDd$ General fund Designated funds Museum developmeni 121268 {121.9071 16,920) 1639) (6.920) 1.762 1,762 123,030 Rtttricted funds Freehold PJDpety Fund Miscellaneous restiicted Play area Collections review and rdtionalisation Feasibility study Heritage Cotnpass Progrdmme Children's summer holiday activitie5 EKhibiiion project School travel fund Sewage plant Small GranLS SuppoTting Volunteering TnLSQe away day {128,8271 {5.797) 14,166) {71) 11661 19601 {10.458) (4,1661 (166) 110,4581 612 383 2,680 39.124 1.8(K> 1,400 16121 13831 {1,500) 1,180 39.124 1,8(M) {20) 11,4201 195) 48.059 (19,8311 28,228 TOTAL FUNDS 171,089 1148,658) 22,431 Page 17 coniinutd...
NOTES TO THE FI,NANCL4L STATEMENTS- RTHE AR EYDED ER2 16. MOTrTMENT IN FUNDS- contlnued Comparatives for movement in funds Net movement in fijods Transfe beN'een funds Ai 31112122 Ai 111122 Unrestricted fulld5 General fund Lksignated fvnds Museum development {24.0221 63,489 iO,O(K) 15,685 {3,6701 30,225 (9,4721 61,396 40,225 1,577 49,467 Re5trl¢ted funds FehOld Propety Fund English HeTits8e Miscellaneous restyicted Play area Musi¢ project Forward planning Tracing trddition Feasibility siudy 42.240 442 92,149 125,136 442 14,166) 120,970 (4421 885 155 960 53 1220) 665 155 960 53 10.430 10,430 127,731 6,044 1442) 133.333 TOTAL FUNDS 177,198 48,284 225,482 Comparative net movemeni in funds, included in the above are as follows.. Incoming Resources expended Movement in funds Unrestri¢t¢d funds General fund De.si¥nated funds Museum developmeni 129,297 {113,612} {3,6701 15.685 {3,670} 30,225 30.225 Restricted fund5 Fjtehold Propeny Fund Mi8cellaneotts restiicied Play arra Feasibility study 159,522 (117,2821 42,240 14,166) (4,1661 {2201 {7.027) (220} 10,430 17,457 18,(A)8 {12,5641 TOTAL FUNDS 178.130 1129.846) 48284 Desi funds Page 18 continued...
MUSE NOTES TO THE FINANCIAL STATEMENTS- contlnued AR END 31DE IBER 2 M01TNT Ir4 FUNDS- Coiitinued Development fll1.. The Trustees ag]red last yeaT to designate th¢ sum of £IO,IK)O for fuiujr development of the Museum. In additsoll, a donaiion of £30,(K)O was received during the year wh]"¢h the donor indicared should be added 10 the designated balance. Both contributions are held in a CCLA deposit account where the interest is ¢redit¢d 10 the fund. Fixed a55ets fv1.. This represents the amount of the charity fitndb locked up in fixed asset equipment which ts nttded for operational purposes. Rcstric d funds Freehold pw)ety nd.. This represents the fiyehold land w.Ch was donated on ]ePtiOn of the Charity. The donation restricts the use of the land to be for the museum. Feasibility srudy fu[.. A gtant from Cambridgeshire Community Foundatiort to identify options for expanding and UF¥lating key buildings on the site that are no longer fit for puttK)5e and to increase facilities to better serve the local and wider communities. Tracing Traditions fund.. This represents the Museum's COEJtrsbution io the Tracing TraditioTLS project Tun by the Mll%eurn of Cambridge in partneIp with a group of local independent museums. The Fon¥aTd Planning fund.. This wa5 a SHARE grdnt to assist the MuseuTll'S forward planning. Play Area fund-. GranL% were received duting 2012 for the instsllation of a Children'4 Play Area. The balance of this fund represents the total costs of the Play Arta less depreciation. The fixed assets will remain in this fund and depreciation with charged to il annually. Music PrY)jeci fund.. This is ndS ceIVed for the prtmluction of a music CD of faTrnin8 songs. Miscellaneous Restricted fund.. Ihi5 fund holds small grnnts which have been received for ube on a speckfic purpose but arr not considered large enough io ptsrt individually. Heritsge Compass Programme.. Funding from Cau5e4 to support the museum's partrcEpation in the Heritage Compass Programme. Children'5 Summer Holiday Activities.. Funding io support njnning activiiies for childrcn over the summer holidays. Colle¢tions.' Funding for a care audit of ihe museum's collections. Exhibition project.. Funding for from Museums in Cambridge towariLs exhibitions. School Travel Fund.. Funding io awaTYJ grdnts to schools 10 help with Incred travel COSLS ass(Kiated with ¢hool tiips 10 the Tnuseum. Sewage Plant.. Funding from CCF to purchase and instsll a new sewage trvdtment plant. Srnall Grants.. Funding from South Carnbridge5hire for small proje¢ts including a new fridge for the cafe. SuppN)ning Volun8.. Fllnding from SHARE muSeun Easi to supJx)rt the Mseum,$ voluntecring progrdmme. Trustee Away Day.. Funding from Norfolk County Council io ctsver the ¢osts of a Tnlet away day. Page 19 continued...
DMUS NOTES TO THE F4NCIAL STATEfvIENTS- CODtinue FOR THE YEAR E.N'DE 31D 16. MOVEME.NT IN FiINDS- coiitinued Transfer5 behveen fuDd$ Transfers were made between funds io £gnISe fixed asset purchases charged to the restricted futK15 and tralferred to the Designated fixed assei fund. TraTLsfers were made frorn the gerterd to fwibility swdy fund aTkd supporting volunteering fund to coversmall ex¢es5es in costs over funding. 17. RELATED PARTY DISCLOSitRES There wer¢ no related party transactioThs for the year ended 31 D¢¢ember 2023. IEPENDENT EK4MLYER'S FEES 18. The Independent Examinerfs Fee in respect of the examtnation was £1.150 plus VAT. Page 20
USE DETATLED STATEMENT OF FIYANCIAL A FORT DE IDE ER rriES 2023 2022 IF4COME AND ENDOlIIMEs DoD8tioD$ leEaeie5 Donation5 Grants 11.180 48,059 36,110 33,108 59,239 69.218 Other tradADg aetivides Shop income Bookshop income Cafe Income Hire of Site Sundry income 8.564 987 58.238 725 751 8.980 948 55,079 567 519 69,265 66,099 Ini'tst]nellt nme Depo%it accouni Interest 3,148 612 CharitY4ble 8Ctliryties Admi55ions School & course fees EH management agreement 21.852 1.585 16.000 19,238 3,203 19,760 39.437 42,201 Total it)¢olg resources 171,089 178,130 EXPENDITURE Other trading *ctii'iti Bad debts Shop stock Caf¢ stock & co%ts 425 4.591 21,369 3.678 22,704 26.382 26,385 Charitable actilltles Wages Pensions Water Insurance Light and heat Telephone Cartied fonvard 59.021 1.693 1,260 3.019 1,790 1,078 77.861 53.905 1,414 8,087 2,717 4,728 970 71.821 This page doe5 not forni part of the s&tutory financial ststements Page21
USEU ETAILED STATEMENT OF FINAliCL4L AcTIVlEs FOR THE TrEAR ,YDED DE ER2 2023 2022 Charitgble actiTrTtfes Brought fonvard Postage and stationery Advertlsing Sundries Even¢ C05rs Consultancy Travel & subsistence Property repairs & maintenance Books, research & tfdiTung Publicity & advertising Copier costs Depre£iaiion of tanble fixed assets Grants to s¢hools 77,861 2,965 212 167 .202 12,838 45 9.175 114 938 1,071 11,252 1,5(K) 71,821 959 274 186 1,064 7,027 8.505 220 1,313 1.152 8.056 119.340 l(K).577 Support costs Finance Bank charges 1,552 1,534 Governance costs Account8n¢y fees 1,384 1,350 Total resources expended 148.658 129.846 Net income 22,431 48,284 This page doe8 not fonn part of the Sthrutory financial ststements Page 22