REGISTERED COMPANY NUMBER: 1118th81179 (Engl8Dd and Wgle5) REGISTERED CHARITY NUMBER: 289555 RT OF THE TR RTHEYE R ENDED 31 DECEMBER 2024 FOR AIiMLAP4D M EU HE Siaffords CharteTed Accountatjts Unit I, Cambridge House Camboro Business Park Oakington Roa Girton cAMBRllE Cambridgeshire CB3 OQH
DMU rENfS OF THE FINANCIAL STATEMET4TS FOR THE YE R ENDE MBER 2 24 Page Report of the Trnstee5 Independent Eximlner's Report Statemeot of Financial Attivities Bxl*Dee Sheet Notes to the Fin8nci81 StatemeDts 8 to 19
ND MUSEU HE REPORT OF HE TRUSTEES FOR THE YEAR ENDED11E The trustees who are also directors of rhe charity for the purFM)ses of the Compani¢s Act 2(, present th¢ir r¢Fvrt with the fjnancial statements of the charity foT the year ended 31 De£ember 2024. The tsu5tees have adopted the prowsions tsf Accounting and Reponing by Charities.. Statement of Recommendel Practice appli¢able lo ¢hariiies Preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK znd Republic of Ireland (FRS 1021 {effective l January 2019). 0ECTIVEs AND ACTITrryTIES Objettives and aim$ The obje¢ts are the promotion of the education of the public in the Social and llatllr history, geology a[ archaeology of England with panicular reference to agriculture and a]cUltura] history in Cambridgeshire and ihe Fens. Publie benefit Setting our objectives and planning our activities, the Tnjstees have giv¢n carefijl eonsiderdtion to the Charity Commission's general guidance on public benefit. In particulaT, the Tru5te¢5 have considered how pla[ed activitits will contributeto th¢ aims and objtttives ihey have set. The Trustees have complied with the duty in Seaion 4 of the 2011 Charities Act to have due regard io guidance published by the C.haTity Comtnission, including public benefjt guidance. The aCtitleS of the trn5t educate the public in the socia] and naturdl hiory, geology and arehacology of Englan(L th particular reference to agriculiure and wcultural history in Cambridgtshire and ihe Fens. ACHIEVEMEf4TS AND PERFORMANCE ChJirs Report for the Farmland MuseuJN for the year ending December 2024 The Tnuseurn has had another successful yeaT Wjth a sjight incre£ in visitor numbth5. May and August Dumbers were b¢tt¢rihis year. Inu)me has imprtsved again. especia]ly from the café. A Catering Manager was appointed beginning of the ywdr and has refreshed our café offering with a much wder ¢hoi¢e including vegan options. Catering support staff were still very ditTJculi to find due to the seasonal and part time requiffments, but we managed to fill gaps with aff and voluntem. Posts and hours are under miew for the 2025 The eduealion team has been boosted by ihe appointment of a part lime education officer, for a 12 month period, rtded by a grani from the October fund, administered by CCF. This has increased the numbeT of schools visits 10 the museum. including pupils excluded from moin slream education, scout and guide groups as well &5 outreach sessions with schools and fay¥es. Othergmts e1ved during the year include: Share grant for energy efficient lighting over the 51te. AIM grdnt for restorion of the p)tato cart and training of volunteers and rebuild of the wheels by a wheelwright. SCDC Green Business Development plan grant for purchase of IR heAter5 to reduce energy bill. SCIK Coryununity Chest fund grant for replacement of old guttering. SCDC Rural Englond Prosperiry fund grant for rebuilding the muw]m website. A Museum Development SE Access audit has be£n ¢omplded and will inforn) the busine55 plan for site development. A fi]ndraising consultancy proje¢1 has been completeA110 advise a workable nraising plan and ouroptlODS. We have had a number of exhibitions, eveni8 and children's a¢livitiLs which have proved p)pular and successful, ially May Day. 1940s re-ena¢tor& Father'5 Day stvam up. heritage ¢rnft weekend and Anglo-S&xon weekend. English Heritage work on the restoration of the cottage is ongoing, but we hope to have this open again for 2025. Page I
FARMLAND MUSEUM THE REPORT OF THE TRUSTEES FOR THE IEAR ENDED 31 DECEMBER 2024 ACHIEVEMENfs AND PERFORMANCE Visitor nuThber5 Month MaTch April May June July August September October To¢91 2017 2018 2019 2020 2021 2022 430 1,613 1,377 1,369 1,391 2,439 1.465 1.168 11252 2023 549 1.378 1,704 1.382 1,544 2,191 1,542 1,071 IlJ61 2024 579 1,213 1.399 1270 1.021 1,432 2,119 1,025 1204 9.470 1,231 1,225 774 1.024 1.713 811 865 7.643 1,442 1,412 845 869 1.714 765 753 Cowd covid ¢oTrid cowd 481 975 943 2J99 200 581 781 985 2.375 1,031 1,322 2,514 1,310 1.324 liJ66 FINANCIAL REVIEW FinanciAI position At the year end, the Generdl Fund showed a deficit of £18.862 compaTed to a deficit of £18.427 ai the end of 2023. This negative balance takes inio a¢couni longer term cffditors and the unrestriaed net current asrd position is £74,725 {2023= 76.3611. Thi5 is higherthan the figure that the Trustees have considered in their TeseTves policy (see klowl. Re5erve5 policy We have a stated reserves w)licy to hold ¢UTrenl assets in the General Fund representing 3 months expenth.iure ai the year end to cover the period between January and March when the museum is not owi for visitor5 and income is effectively zero. As noted above, at the end of 2024, Ihe net Current assets totaj in the General Fund w&% equivalent to 6 months, expenditlwe which comfortably covers this. STRUCTURE, GOVERNANCE AND MAP4AGEMENT Governing document The chry ¢ontrolled by ils governitig th¢umenl, a deed of trusL and consiituies a limiied company, limited by guarantee. as defined by the Companies Act 2(lK. Recrnitment 8nd AppoiDtsDent of new tr115tee5 As sd out in the Articles of Association {39481, the Trnstees have power ai any time lo appoint any peTson to be o Trustee either to fill a casual vacancy or &8 an addition to the existing Tru51ee5. Any TStee5 50 appointed shall hold office only uniil the next AGM and shall then be eligible for election or re<lextion. The Chaimn of the Board of Tn$ is the person appoinied as Chaim)an by majority at each AGM of lh¢ Charity. The Chaimwi will hold office f the date of hi appointment until daemiinaiion of the AGM next following the AGM at which hclshe w&s appointed. The TTU5t may from time to time by Ordinary Resolution incre¢ or reduce the tLUtnber of Trustees so that the number of Twsitts is at no time less than three. When nSIderIng Tte¢s, the Board has TegaTd to the requirement for any Specialist skills necded. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Comp¥4Ny Number 01808079 (England and Wales) Registered Charity nllmber 289555 Pa8e 2
FARMLAND MUSEUM HE RT OF THE TRUSTEES FOR THE NDED 31 DECEMBER 2024 Registered office Denny Abbey Ely Road WatceaCh cAmBRE Cambridgtshi CB25 9PQ Trnsttts S G Archer MsCAHuni M5 V Atktnson Dr F M Ma¢milla M5 H M Phillips Sovenn Dr R M Williamson DrJ R Williamson M5 C Ea41erfi¢ld ldepende1)I EmIner Stsffon Unit I, Cambridg¢ Hous¢ Camly)ro Busin¢&s Pajk Oakington Roa¢ Girton cAMBRllE Catnbridg¢shi CB3 (K2H Banker8 Bartlays Bank plc 28 High Strect ELY Catnbridgeshire CB7 4LA 2411012025 Approved by order of the iK)ard of trustees on ............................................ and si1¢d on behalf by: S G ArdKr- Trustee Page 3
IN Ef4T EK4MINER'S REPORT TO TH HE UST Independent exfjminer's report to the trustees of Flrmland Museum(fhe) {'tbe Company,) I report to th¢ chority try4ees on my examination of the accounts of the Company forthe year ended 31 December 2024. Respowlbll5tles and ba$ of report As the charitys trust of the Company land a]so its directors lor the PUTpose5 of company law) you are responsible for the preparation of the attounis in ac¢ordance with the reqllir¢ments of ihe Compani¢s Aet 2006 {'the 2(kn Act,). Having saiisfied myself that the accounts of the Company are noi required to be audil¢d under Part 16 of the 2006 Act and are eligible for independent examination. I report in resW of my examination of your charity's accou]]is as carried oilt under Section 145 of the Charities A¢t 2011 I'ihe 201 l A¢i'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Independent ¢x8miD¢r'$ Statement I have completed my examination. I confirni that no mattejs have come to my *iention in Connection with the examination giving me cause io b¢li¢v¢'. aceounting re¢ords w¢re not kept in respect of the Company &s required by Section 386 of the 2IX)6 Act.. or the accounts do not accord ryth those records- or the occounts do not comply with the accounting rquirements of Seetion 396 of the 2(X)6 Act other than any requirement that the accounts give a true atjd fair view which i5 not a matter ¢onsidered as part of an independent examination., or the accounts have not been prq)ared in x¢ordance with the methods and principl&s of the Siatem¢nt of ReMmmend Proctice for a¢¢ounting and rew)rting by charities (applicable lo charities preparing their accounts in accordance with the Financial Rq)orting Standard applicable in the UK and Republic ofireland (FRS I02)1. I have no concerns and have come acro no other mattets in connection with the examination to which attention should be drdwn in ihis repon in order to ¢nable a proper llnderslanding of the accounts to be reached. Matthew Pettifer FCA Staffords Chartered Accountants Unit l. CaTnbridge House Camboro Busirtess Park Oa&ington Road. Girton CAMBRIDGE CatnbTid¥¢5hire CB3 (K)H Ihte.. Page 4
MU STATEMENT F Fif4ANCIAL ACTJVJTIES FOR THE YEAR ENDED IDE EMBER2 2024 Total fund$ 2023 Total fun(ts UnTestricted Restricted furtds funds Notes INCOME AND ENtM)WMENTS FROM Ik)nations and legacies 18.164 52.808 59.239 Chritblt activitie5 Museum 43,956 39,437 Othertrdding activities Investment income 72334 69.265 3,148 3.948 Total 138JO2 172,946 171,089 EXPEf4DITURE ON Raising funds 27,119 27.119 26,382 Charit#ble actiiTrtie5 Museum 118J07 35.421 153,728 122276 145,426 35,421 180,847 148,658 r4ET INCOMEIIEXPENDITURE) (7,124) (777) {7.Wl) 22.431 RECONCILIATION OF FUNDS Total funds brought fonvard 126,940 120,973 247,913 225,482 TOTAL FUNDS CARRIED FORWARD 119J16 120,196 240,012 247,913 The note5 fortn part of these financia] thtements Page 3
FARMLAND MUSEUM THE BALAJ¥CE SHEET EMBER 2 21124 Tot81 fund$ 2023 Total Unrencle funds Restricted funds Note5 FIXED ASSETS Tanble assrfs 90,691 113,1111 209,702 220,682 CURRENT ASSETS Strtks Debtors Cash at bank 12 13 2,698 1698 889 85,911 2,850 3.048 87.358 78.726 7,185 82J13 7.185 89.498 93,256 CREDITORS Amounts falling due within one year 14 (788) {7J88) (13,225) NET CURRENT ASSETS 74.725 7,185 81,910 80.031 TOTAL ASSETS LESS CURRENT LIABILITIES 171,41fi 120,196 291.612 3(X),713 CREDITORS AmounLs falling due afier mor¢ than one ye8T 15 {$1,600) (51ffj00) (52,800) NET A&SETS 119116 120.196 240112 247,913 16 Unre%lricted fijnds Re5tThcted funds 119*16 120,196 126,940 120,973 TOTAL FUNDS 240,OJ2 247,913 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 21M)6 for the year ended 31 December 2024. The members have not reqllired the company to obtain an audit of its fi[7¢1a1 statements for the year ¢nd 31 DecernbeT 2024 in ar¢oTdance wth Sethion 476 of ihe Companie% Act 2006. The tTUStces ackrtowlojge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply Sections 386 and 387 of the Cotnpanies Act 2(K)6 and preparing financial stateTnents which give a true amd fair Mew of the state of affairs of the charitable eompany as at the end of each fLnan¢ial year and of its surplus or defjcit for each financial year in accoT4Jan¢e with the requirements of Sections 394 and 395 and which oihenwse Comply with the requirements of the Companies Act 20(kS relating to financial ststements so far &$ 8pplicable to the charitable company. Ib) The noies form pan of ihese finaneial statements Page 6 continued...
FARMLAND MUSEUM ALANCE SHEET- eontitsued IDE EMBER These financia] statements havt been prepared in ac¢ordan¢e with the provision5 applicable to charitable companies subjKt to the small companies regime. The finoncial staie]ncnts were approved by the &)ard of Tntsttts alkd authoriscd for t&sue 2411012025 - and were signed on its behalf by.. on S G Archer. Tmstee The notes forni part of th&* financial statements Page 7
FARMLAND MUSEUM HE NOTES TO THE FINANCIAL TATEMENTS FOR THE YEAR EIYDED 31 DECEMBER 2024 Accouf4TING POLICIES BAsi5 of prepring the finfjncill $tatemeJbts The financial siaternenis of the charitable company, which is a public benefit entity under FRS 102, have been prepaTed ill accoFdan¢e with the Charities SORP IFRS 1021 'Accollnling and Reponing by ChaTitie5.' Statement of Re¢ommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial ReEX>rting StsndaTd applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 2019),, Financial Reporting Standard 102 The Financial Rq)orting Standard applicable in the UK and Republic of Irelatjd, and the Companies Act 2<M)6. The financial thtements have been pr¢paFed und¢r th¢ historical c05t convention. The accounts have been prepared on a going concern basis. The charity is heawly dependent on in¢ome from relatively few funders together with athnission and funds from schcx)I visits. The Trustees have an agreeinent in place with administraiors of ihe Lwal Govenunent Pension Scheme con¢eming the significant pension liability disclosed in the notes. This provides for an initia] lump-sum payment and then a seTiCS of monthly in5tallTnents as disclosed in noies 14 and 15. The TSte¢S are confident that the ChaTity w511 have sufficient cash lo continue in busittess for the next 12 months from the date of this repon and therefore that the Going Conc£m B&sis of pparatIort is appropriate. Sigmifieant judgemefjts Apart from those judgements involving e5timation5. the Tnanagement has noi made any judgements in the process of applying the entity's accouniing policies that have signifjcant effect on the aTnounts re£ogriised in the accounts. There are no key &ssumptions concerning the futUTe or otheT key sources of lMatIOn un¢¢nainty at the rq)orting date that have S]lficant risk of causing a material adjUMent to the carying arnounts of assets and liabilities within the next reportiti8 period. Intome All income is re£ognised in the Statement of Financial Aaivities once tht Charity entitlement to the fund& it is probable that the ineome will be received and the arnount can be measunl reliably. Expenditre Liabilities are recogni5ed as expenditure as as ihere is a legd or consinjciive obligation committ2ng the Charity io that expenditur< it is probable that a tfdnsfer of economic benefits will be required in settlement and the amount of the obligation can be Jneasured reliably. Expendiiure is accounted for on an accruals basis and has been ¢I&<sifi under headings thai aggregate all cost related to the category. Where Costs cannot be direcily attributed to particular headings they have been allocat¢d to a¢liviiies on a basis consistent with the use of resources. Grants offered subjeci lo conditions which have not been tnet at the year end date are noted as a commitm¢nt but not accrued as expenditure. Chsritsble sctities The trnSte are of the view that the charity h&s one main activity - thai of eilucating the public in the socia] and natural history, geology and archaeology of England. Charitable activity costs havt therefore been allocated to this a¢tivity. Alloca0 #pportlonmeDt of Costs Costs are directly allocated to Te5tTiCted fimds where the costs have be¢n incurred in accordance with the terms of ihe ren¢(ed fund. TnEible flxed assets Depreciation 15 provided at the following aTUal rat&8 in order ro write off each &sset over its estimated useful Page 8 ¢olltinued...
FARMLAND MUSEUM THE NOTES TO HE FINANCIAL STATEMENTS- continued FOR THE YE r4DE DE EMBER 2024 ACCOUNTING POLICIES- eontithued T¥4Dgible fixed Assets Freehold property Fixture5 and fittings 25 /0 on reducing ba]attce Stocks Stocks are valued at the low¢r of cost and net rea]isable vaEu¢, after making due allowance for obsolete and slow moving iiems. Taxitio The charity is exempt from corporation on its charitable activities. Fud #eeounting Utjreslricted fijnds can be used in accordance with the Charitable obje¢tives al the discretion of the trnstees. ReriCted fimds can only be used for particular rricted purwses within the obje¢Ls of the ¢harity. Restrictions arise when specified by the donor or when funds are raised for particularre5tricted purposes. Furtherexplanation of the nature aThd PUTpose of each fund is included in the notes to the financia] statements. Pension costs and otber post-r¢drement beDefits The charitable Company operate5 a defined contribution pension scheme. ContTibutions payable to the chaJitable company's pension scheme are chwEed to the Statement of Finan¢ia] Activities in the wiod to which relate. Cash at bank and In hand Cash at bank and in hand include5 c&sh and short tenn highly liquid investments with a tnaturity of 3 months or less from the dale of acquisition of the openirtg of the deposit. Debtors Trade and other debtors are re£ognised al the settlement atnount due after any trdde dibcount offered. Prepayments and accrued income are JY¢ognised at the amount pr¢paid or accrntd of any trade discounts dlle. Creditors CTeditOTS are recognised where the charity has a preseni obligation r&suliing from a wt eveni that will probably result in the transfer of funds to a third party and th¢ amount due to settle the obligation can be me&sured or estimated reliably. Creditors and prtsvisiotts ate nornlY reColSed ai their settlemeni amount after allowing for y trade discounts due. Page 9 eontinu¢d...
FARMLAND MUSEU HE NOTES TO THE FINANCIAL STATEMENfs- tontinued FOR THE YEAR E.NDED 31 DECEMBER 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants 18,164 11.180 48.059 59,239 Grants reeeive(L included in the above, are &5 follows.. 2024 2023 South Cambiidgeshire District Council Heritage Lotiery Fund Cambridgtshire County Couneil AIM Conservation Cambs Community Foundwion Cause 4 Museums in Cambridge Share Museum East Ftn Edgecommunity Grant 13.482 5,000 1,8(X) 612 2,815 41.804 383 2,980 34ffi44 48,059 OTHER TRADING ACTMTIES 2024 2023 Shop income Bookshop incoine Cafe Income Hire of Site Sundry inco]n 8,151 8,564 987 58,238 725 751 61,197 1325 537 72334 69.265 INVESTMENT INCOME 2024 2023 Dwit account intere# 3.948 3,148 Page 10 ¢ontinued...
FARMLAND MUSEUM NOTES TO THE FINANCIAL STATEMENTS- continued AR ENDED 31 DECEMBER 2024 INCOME FROM CIIARITABLE ACTIVITIES 2024 2023 Activity Museum Museum Museutn Adtnissions School & course f EH management agreement 23,405 4051 16.OlJO 21.852 1,585 16,(KK) 43,956 39,437 RAISING FUNDS Otber trading ActltIeS 2024 2023 Sh¢)p stock Cafe stock & eosts 4,481 22,638 3,678 22.704 27,lJ9 26,382 NET INCOMEJ(EXPENDITURE) Net incomel{expenditure) is stated after cha]EingllcTh1iling)'. 2024 2023 Depreciation- owned 10,980 11252 TRUSTEES, REMVNERATION AND BENEFITS There were no mjstees, remunerdtion or other ben¢fJts for the year ended 31 Decetnber 2024 TH)r for the year ended 31 Dttember 2023. There were no trustecs, expenses pd for the yeaT ended 31 December 2024 nor for ihe year ended 31 December 2023. STAFF COSTS 2024 2023 Wagts and salaries Other pension costs 8J,479 IJ02 59,021 1,693 84,981 60,714 Pagell continued...
SEU NOTES TO THE FINANCIAL STATEMENfs- ¢ontinued FOR THE YEAR ETrIDED 31 DE EMBER 2 STAFF COSTS- The averdge monthly numberof employees during the year was as follows.. 2024 2023 Museum Cafe VSA No employees received eTnolurncnts in excess of £60,000. The key management persotjnel of the charity eomprise the TruttS and the Museum Manager. Total employee costs of the Museum Manager ta]led £29.12012023.. £18,082). COMPAR4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢t&l funds Restricted funds Total funds INCOME AND ENtK)WMENTS FROM Donations 2nd legacies 11,180 48.059 59.239 ChArit8ble AditieS Museum 39,437 39,437 (hher trnding act]tieS Investment income 69,265 3,148 69265 3,148 Total 123.030 48,059 171,089 EXPENDITURE ON Raising funds 26,382 26,382 Charitble etivitie5 102.445 19.831 122.276 Total 128.827 19,831 148.658 NET INCOMFJffXPENDITURE) Trallsfers between fund$ (5,7971 40,588 28,228 {40,588) 22,431 Net thovetneTrt in fund5 34,791 {12,360) 22,431 RECONCILIATION OF FUNDS Total funds brought forward 92,149 133.333 225.482 TOTAL FUNDS CARIUED FORWARD 126,940 120,973 247,913 Page 12 Cotttinued...
FARMLAND MUSEUM HE NOTES TO THE FINANCIAL STATEMENTS- ¢0 FOR THE YEAR ENDED IDE EMBER TAf4GIBLE FIXED ASSETS Fixture5 and fittings Freehold Plant and machin¢ry Totals COST Al l January 2024 and 31 December 2024 120215 69J89 530,184 DEPRECIATION At l January 2024 Charge for ye4r 168,950 6J83 79,589 3¥6 309A02 10.9811 1,051 At 31 December 2024 175J33 8J,iJS 61014 320882 NET BOOK VALUE At 31 December 2024 165347 37,0811 7J75 21J9.702 At 31 D¢cernb¢r 2023 171,630 40,626 8,426 220,682 12. STOCKS 2024 2023 Stock5 1698 2,850 A3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accN&J income 405 30 454 300 478 2.270 889 3,048 Page 13 continued...
FARMLAND MUSEUM TES TO THE FINANCIAL STATE.MENTS- continued FOR THE YE REN CEMBER 2024 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE ITAR 2(124 2023 Social security and other t&xes her cieditOTS LGPS creditor Ac¢Tuals and deferred income 927 9,708 1,21KI I,J90 1,750 7A88 13,225 Is. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAI¥ ONE YEAR 2024 2023 LGPS creditor {1-5 years) OtheT credito LGPS cr&th"tor (>5 yeats} 4,81M) 4,8(K) 37000 39,000 51ffi00 52,800 Other creditors tsf £9,000 comprise of an interest-frec loan h&8 been advaneed by a 5UPPOrter of the Museutn to &ssist with cash flow. The lender has indicaied that there are no spe¢ifi¢ repayment tenns and that the loan is only repayable once the Museum's cash flow pennits. Ag]Yemenl has been rhed with the L(Kal Governtnent Pension Scheme on a staged repayment of the Museum's pension liabiliti¢s. The amount shown represenis ihe inmlmenis due from 2024 onwards. Page 14 continued...
FARMLAND MUSEUM THE TES TO THE FINANCIAL STATEMENTS- continued NDED 31 DECEMBER 2024 16. MOVEMENT IN FUNDS Net mov¢m¢nt in funds At 31112124 At 111124 Unrestricted fvDds General fund Destgnaied funds Museum development (18827) 103J80 41,987 (4351 (6.689) {IV62) 96.691 41,987 126,9411 (7,124) 119J16 Restiicted funds Freehold Property Fund Mis¢ellanetsus restricted Play are2 Music project FOrwd planning Twing traditions Heritage Compass Progrdmme Sch£x>l t]avel fund Smajl Grants Trnstee away day AIM Pilgnjn Trust Conservation Education ol¢er Fen Edge Community Net Carbon Zero Fund (4,166) 112,638 30 498 154 {125) 373 154 1,180 (250) (288) 930 2JlS 1,089 108 2015 1.089 108 120.973 (777) 120.196 TOTAL FUNDS 247,913 (7,9011 240,012 Page 15 coniinued...
D MUSEUM HE NOTES TO THE FINANCIAL STATEMENTS- continu R THE YEAR ENDED IDE EMBER2 MOTrEMENT IN FUNDS- eontinwed Net movement in funds. included in the ave are as follows.. Incoming re50urce5 Resources Movement in fimds Unrestrfettd funds Genera] fund Designated funds 138J112 (138,7371 16.689) (435) {(689) 138J02 (145,426) {7,124) Restricted fuDd5 Freehold Propetry Fund Play area Heritage Comp&ss Pro8rarnme School trnvel fund Sma]l Grdnts AIM Pilgrim TTUSt Conservation MuseuTn G]attt ScheTne Education Officer Fen Edge Community RUF England Prosperity Furtd Net Cath)n Z¢ro Fund (4,166) {12S) (5,000) {250) (4,166) {250) (288) 15 (288} 2JlS 498 9J60 {498) (8271) {401) (13,770) (1940) 1.089 108 13,770 (35,421) (777) TOTAL FUNDS iU946 (180.847) {7,] ) Page 16 continued...
FARmD MUSEUM HE NOTES TO THE FIP4AN IAL STATEMENTS- contlnued OR THE YEAR ENDED 31 DE EMBE 16. MOVEMENf IN Fuf4DS- eoNtiDued Comparntive5 for movemeDt ID funds Na movernent in fid5 Transfers between funds At 31112123 At 111123 UDrestricted fund$ General fund Designated funds MuseuEn development {9,472) 61,396 40.225 (639) (6,920) 1,762 (8,3151 48,903 {18,426) 103,379 41,987 92,149 (5,797) 40,588 126,940 Restrfeted fullds Freehold Property Fund Mis¢ellameous restricted Play area Music project Forward planning Tracing tTaditions Feasibility study Heritage Cornp& PrOrne School irdvej fund Sewage plant Small Grants Supporting Volunteering Truet away day 120,970 100 665 155 14,166) {71} 1166) 116,804 29 499 155 960 53 53 10,430 (10,4581 28 1.180 39,124 1,8 120) 1,180 (39,124) (1,512) 20 288 133.333 28.228 140.588} 120,973 TOTAL FUNDS 225,482 22.431 247,913 Page 17 continued...
FARMLAND MUSEUM HE NOTES TO THE FINANCIAL STATEMENTS- coThtinued ND D31 CEMBER 2024 MOVEMET4T IN FUNDS- continued COparative net rnovetnent in fund5, included sn the above are as follows.. Inco]ning resources Resourtes expended Movement in funds Umrestricttd ndS Genero1 fund Designated funds Museum d¢velopmeni 121268 1121,gY)7) 16,920) (639) (6,920} 1.762 1,762 123,030 1128,827) (S,797) Restricted funds Freehold Prope]ty Fund Miscellaneous restricted Play area Collections reeW and rdtionalisation Feasibility study Heritage Comp&%s Programme Children's summer holiday activities Exhibition project Sch(K)I travel fund Sewage plant Smajl Grants Supporting Volllnteering Tnet away day {4,166} (71) 1166} (9601 110,4581 (4,166) (71) 1166) 960 110,458) 612 383 2,680 39.124 1,8(Kl 1.400 (6121 (3831 (1,5001 1,180 39.124 1,800 (201 {1,4201 1951 48,059 119,8311 28228 TOTAL FUNDS 171,089 {148,6581 22,431 nated fun Development fund.. The TnJste£s agreed last year to designate the sum of £IO.I>OO for future develop]nent of the Museum. In addition. a donation of £30.000 was received during ihe year which the donor indicated should be added to the designated bolance. Boih contributions are held in a CCLA dq>osit account where the interest is credited to the fijnd. Fixed assets fund.. This represents the amount of ihe chariry funds locked up in fjxed asset equipment which is needed for operdtional purpose5. Restricted funds Freehold proTKrty fund.. This represents the freehold land which was donated on inception of the Charity. The donaion resmas the use of ¢he land to be for the musewn. Tracing Tradiiions fund-. This represenis ihe Mus¢llm's contribution to the Trdcing Traditions project run by the Museum of Catnbridge in partnership with a group of local independent inuseums. The ForwaTd Planning fund.. This wa5 a SHARE gtant to a1$1 the Museum's forwaTd plaming. Play Area fund.. Grants weTe received duTing 2012 for the installation of a Children's Play Affa. The balance of Ihis fund repr¢s¢nts the total cosLs of the Play AFe4 less depreeiaiion. The fixed Lssets will remain in this fund and deprttiatitsn with be charged to it annually. Page18 coniinued...
NOTES TO THE FINANCIAL STATEMETrftS- continued R TH I DECEMBER 2024 MOVEMENf IN FUNDS- cotttlnued Music Project fund.. This ts funds received forthe production of a musi¢ CD of falming thgs. Miscellaneous R¢stri¢ted fund.. This fvnd holds small grants whi¢h have been rec¢iv¢d for use on a 5peeific purpose but are not considered large enough to rq)ort individually. AIM Pilgrim Tn]st Cons¢Thoti¢)n.' Funding for conservation of the w>tato wa80n. Exhibition project.. Funding for from Museums in Cambridge towards exhibitlons. Education Officer.. Funding iowards the salary of th¢ Edu¢ion Offittr. Fen Edge Community Grant: Funding forbookiets. Heritage Comws Programme: Funding fJDm Cause4 to suppN)n the museum's pani¢ipati¢)n in th¢ Heritage Rural England PrnspeTity Fund.. A grdnt r¢ceived from South Cambridgtshsre District Council for the museum's new website S¢hool Travel Fund.. Funding to award grants to schools to hdp with tncreas&l rravel costs associated with sch(x>l tiips to the museum. Small Grants: Funding from South Cambridgeshire for small proje¢ts induding a new fridge for the cafe. Supporting Volunte¢Ting.' Funding from SHARE Mus¢ums Fast to SUPPOrt thc rnuseum's volunteerin8 Trustee Away Day.. Funding from Norfoik County Council tts cover the costs of a Tn]stee away day. Net Carbon Zero Fund.. A wt from SHARE Fast to coYeT the cost of LED lights'ng. Museum Grant Scheme.. A from Cambrid8eshire County Counci] for the purchase of sensory material for younger SitOrS to the museum. 17. RELATED PARTY DISCLOSURES There were no reled party transactions forthe yearended 31 Dttember2024. 18. Ir4DEPENDENT EXAMINER'S FEES The Independent Examin&5 Fee in respect of the examination was £1250 plus VAT. Page 19