Comp(#w Il•¥*akTr Mo. 01831261 (&Wtsnd and Wal•s) Burwell Museum Trust Annual report and unaudlted flnanclal statements For the year ended 31 December 2024
Burwell Museum Trust LEGAL AND ADMINISTrATIVE INFORMATION C Leach Ms K Rob¥wi C PAy¢m (Appolnted I September 20241 IAppointed I September 20241 (Appointed 9 Februuy 2(Y251 Chtylty number (land Wokn) Corygny rnmib•r 01831269 R•oltt•r8d e• Watson's Yard Flgh Street Cottenhom comge CB24 8RX Hoyden Watsc Stree House Wotson's Y¢Jd FrKJh Streel Cotterthm CamtMi(Sg CB248PX
Burwell Museum Trust CONTENTS Tws10&s' report tTrJependenl examirs rep(xF Solemenl ol financ1 activthes Balance sheet Notes lo the financ1 strolements 10-18
Burwell Museum Trust TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present Ihetr annual repryt and 5toFeffnts fu the ye(Y ended 31 December ¥)24. The financhjl stoements been F¥eped in acc<xdorre vAlh lh& accounting Set out in nole I to the financiol stolewnts and compty chJrV5 goverrring (Jocument. the Compjnies Act 2YJ6 ond "Accounting ond Rep)rliro by chari11.. Slalemenl of Recommended Proclice Oppflcab to Charit5 prepari their accounts in occordance wlh the rnoI Rgw1ing StoThlard apprable H) th& UX ond Repubfic ol Ireland IFRS 1021 leffeclNe i Jonuory JJ191'. y the provfslon of a Musevm. Ihe objective of Ihe company i%. Q5 5)reviousty. to promote Ihe advoncement of the educotion ol people in the &ell oreo. os well 05 ct4then attending locol schoots. As in prewous y6ors the mv5evm wos opened to the pubfic on se18Cted doys throughout the 5umrner. ond otso opened on days when locol Schools or other interested socties requested. Hn9 regord to Ihe reth yeor the direclor5 consider companys objecttves have been sotisfactorty aChved ond the firnCl wformonce ond yeoi end ption to b8 SOti5foctw. The poIleS adopled in Iwlhoronce of these obpcts (xe ovalae at the museum and there has been no change in these duriTrJ the yery. The TnJslees have paKJ due regud to gUdae by Ihe Chaity decidlng what actNities Ihe charity should vndertoke.
Burwell Museum Trust TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024... During the vitnter 0123143 we continued lo improve the Museum bolh wilh the exhibits and Ihe intrastnjcture of the Musewn, continualty maknng improvements OLf vtsItS. Owfocus though fc gY24 wos lh¢ Bom. MovIng and re.setling the F(xrn Year exhilylwtKh hod been touched fox (knjt XJ yeu5. In January. we lost our Mill Manoy who had recentty becorr@ o TnJ51ee. We were vwy l(xtunate that the previou5 Manager lo step txKk n on o leMpCY basi5. which has conffinl IjghOut 3)24. We opened ogain at Easter with an inlention lo inuet)5e ow lootfall from to continue to ext)cJnd OL volunteellng 5toff and to improvelgr<)w gyJ¥txts. We ol¥0 hgpe(I to reoch rnixe k)¢ol peoi)le Imd schoo15 olong the woy. We mode o change to ow onIr doys Irom Thursday ond Sundoys. to Saturday (2fKI Sundays. with opening hovrs 10am lo 4pm, thvirvJ the ThU10Y tree lor Sc)01 vsits. Tr5 has wcked weH with us managing to otlroct in the tter p(xl ol the year vIts from care homes as wdl as schoots. We otso welcomed Jone who provide5 spinning demonstrations ond ha5 enhonced <xJr offering ak)ng with Wil the B4acksmtlh. and thes8 remionships have continued nlo 2025. In Juno 2024 wé We grfled on AuslK) 7 von bek)ngng to Ihe Lowe f(mfy who ran the trf]ket5 in Swatham Pri until 1955. Cdin Lowe'5 famity had owned it from new and il Came to us in immaculate condition. It ha5 been displayed in the Vintage Vehicb shed olong vthh bread itenLS mode by the voknnleets. We were also lucky enough over the winter 24125 to be offwed ilems from Cn Lowe'5 c10n vtih will be reported on in the 2025 YE report. We were unfortunotely untstAe to lutffll all of CM program ot events and Ocfvll thiE year dLP to chonges in both Trustees and Front of House Vokjnteers. rrmwng OLf Iv40 tiggesl income generating ev8nts 11940's ond school aclNitiesl. However. we did monoge to nJn our Ckw C¢y Show and o new event 'Sonta's Grotto,. which enabled us to rescue some w51tor nUrnbs thving us at cwound 2,[ last yety. Our yrylor5 continued to leove very positive feedbock on TripAdv( which helped generate further lootlall. Following the investment made in llfJ of Indj Ihe fte aknm. we conlirnd to work cn ts electir5 chonging out further items in the tOlt bbct and addirvJ some od<filionol exlemol Ilghts to aid security and those ottendtng in the gvgrTrt of on enLC¥. Ow IF wcled was stdl ongoing orKI continues inlo 2025. but we are nearing the completion of tl. The museum ¢ontinues to ope as a compteldy Ydunteer run cYgoriwlioA ¢JrKI tt$ comes a lot of w for a 5moll bond ofTrust•es. The Museum's linoncKJl choIr0e$ conlmed in 3T24 with it coff#ng very close over Ihe wnter 0123124 10 running oul ol money. Budget nrgement was tightened ¥ther and o donaf¢on rectred in Apll onowed us to continue. However wth costs going up gl)baty. Ihe Museum wa5 rnt exery)l increase5 being passed on to the Museum. The bugesl outlay lor the Museum was OLX insOnce went up lo £3.7W. however w8 were oble to gel a contribution from the Reach CorTKnuruty Sokx F(ym t¢)words this Maki it me Monogwb. We revEwed both odmisgons ond t80 rixjm [5 ond made a colkcttve decNon lo thve admworLS pricing the same as lost year, but increase the mrfd lour costs 10 £5 a head. and we continued the booknng sy5tern sel up In 23. We introduced the obility to ixry admwn oThJ spec]1 event kkets vio ficketsource whh guoronleed us income. even ff the Fxvch05erdidn't ollerKS Thts was p(TrlicvkJty effectNe Icff the CstMaS Grotto evenl. Our biggest achievemgllt n 3Y24 however was lo remove Ihe cth from the rnKId ol Ihe 8am openrng up th or80 os an èvent space. Thts was yomptly by o professn01 fdk fvio who were running a wortshop ot Burwell Hov5e ond wante<l 50mewhefe to perfoml We hove continued to Use it for s¢hod ¥ts but the spoce made OLK ChrlmoS Grolto evént successful. afthwng us to have orKI sell rèfreshments in the space.
Burwell Museum Trust TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Volunteerwthk Over SJXI ttOu of voluntwng were k)gged in )f24, Ihe Tru5Fees ok)rKJ Trmth the key VcAunteer5 idontified areas ol change ond development lo be im[knnted by both par5. Th& Fxirrtsy locus wos to try and imprrive beifing and goup item5 01 the Same ttsgelh maj better ethi¥ls. Some 014thh were completo¢J over the winter bul lotg continued once we were open. o weekty vduntew PTe5erte on te. Vd¢JnteeTS are well trained at 5uning in and our ond reccxdlng Ihew dedicolK)n ond commitment. The Twste85 have also been honds on and invclved wth the execulion ol tasks. In 24 we recrutled a Vdunleer vtho lotei b8come a Twstee. to be the manager of the vteets whh has wclked wel. h(Mng one point of contact for oll the teoms. Our biocksmith continued hks running a few workshop5 too in the Forge and as I hove already reported. we hove our spinner wtrK) i$ 0150 hdpirKJ to ting Olf Museum lo le. Allhough OUT V(Aunteer nvmbers fell dvring th8 yeor. we have manoged lo keep the h$ logged to the some os thal 012023 and we (Ke continually tyng to g81 voknbteers and Twdees. ThB contitmjed nlo 25. Wtyk done In 2024 has inctsJded'. Mill moinlenonce & work on the &eatSw Wheel conlinued Generol sile moinlenonce including painlwvJ tmJiJryS ond docy5. gerwol maintenance of lawnslhadges. Moving thg cart trom lde the bam and finding a for thi5 in the cort shed. Continuing the creotion of mue exhibitM)n ¥)ace in the cld EducalKJn Room. Rtrvomping the Vintage Clothing exhibition lo creole more usable spoce to exht)it our artefactS. Continuing the FK859rY(JlK)n of the obseryalw tvli from Barrie ot Ihe museum and buildlng o bose lor it lo and on. Wort on the dome conlirKJe5 into . Instonolson of comJgated sted on Ihe to at the sidg ofthe wntage vehicb Ixjlding lo use lorstorage. Removal 0126 mill goi forreslorotN)n Overtr wnter. Repalrfng the floof post orKI esent g(Jkny Creotion ol a new Bee exhibit Ihe txjm. Fobricotion of a stage fc uso dLng events. Rewew eyhibits ond in the entre lo the B(yn- cleon u relocale . rtK oll the bottles on the ledg8 obove Ihe Bam inwentrance %Joor. . cOn and revtew ol all rlems v•]ge in ts Post & Pnt Golwy th a view to diSKloying items in the cobinet (yJtstde. RgvEw ol lobelling and tyng to Kjthify the people n Ihe pictLKes P&P gallery Renumbering the cabnet and th& eS in the NMen Hul catne Creation of a butler nllk chLMn rfL5pltsy n 1he txyn Wetorning a new Ausffi 7 van to the coNeclion- Irom Swaffhom P(icff bak Reviewing the Buell bus ticket diEFkn in bus cab. WdcoFning. repaiing and exhibthng the dd Reach Church (wn. Photo ¢igtlootion. cdlecth)nswork ond cal¢&)gury ol CKJnch mogollnes Checking temperoture. arvj pesl l&ve Cleaning Front of hcKJse- Installing a event she¢ by ts ki)sk to house ilems f the events. . Sthool. group Y115 and cLrtreoch ev¢nts. Investment in repk)cemenl eleclvcs to tha t(xlel t4ocL rthv exlemal r@htiro and lo191 algrtr&. . Repla¢¥m6nt Cerns In to18ts and ol sknk ¢Jea& ()ng 1h a fepaint InIerrlty. Ev•nts Included Start of se050n event. Eosterlhemed aclmtw E(LSter Sunday Notk)nol Weekend- free ev1 Cl05yc CorShow H&itoge Open Doy -free ent Sonlo's Grotto in the Mdl May Augusl September December
Burwell Museum Trust TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 F4md•d proJ•cts Bob McLoren Reach Communty Sdor £io.c Plan$ 1orth• lnt•r Other thon somè of thè works atready KJgnlifi8d n the v0kff oclievements Section above. thwe was: . Wort to revomp the femalning tolel e0S and reF4xement of the tolel clslems whlch were skw lo ffll ond drfficult on event d<rys. Pointing ol the Bam floorto create ¢Jst rth¥ il ha5 been oped up. Relocation of the Story of from the B(xn 0 Ihe Tea Room Remove sailing yacht in bcyn fc¥ reStatiOn Creation ol new drectKnd stgno9e site Change Museum gne to refiect chorvJe in drys arKI ¢Jeate new Wang rrp d¢Jwn ot Gardiner Memo1 Holl. Test hose ol Fr¢ Engine In bom f¢y ($t0$. RevEw vehicle5 in ViFFIIy8 Shed in¢kJdiro von Reconnect the bell into the bus cab. Restore telephone tx)x. . Continue restorath)n ol the sol reawond Cknr down of fhe 5hed5 eyhlN Reviewng inlormoth)n boards iyound the F(xge helped by bkjckynth ar sixling the equpment in the Forge making space lo cary out demotratior&E. . Continue to review and replace faded SIgnc and updolry tormatIOn sheets making th&m more V15tlor focv59d. . Plon some volunteerTecwTlmenl lore(rlySwrYJ. . Continue to review and cthn e%lit¥ts the bam. Continue to review musevm orchNe ond ffing cat¥rts to h 0vId bellw inf(xmation on gxfwbits for Vishors Includlw the Loe ol QR code inlormolion. Conffnue to rtrorgantse on site sheds creatry a of Iter str¢yed n eoch / revwng conditioft ol equipment wlth a wew lo re[r0/reF¢ng. Redesign ol the Irilold thfiet to tnclude a new bcal*)n map whh captures the current pOrra awangements more clecwty. ond updoliry the mop maknng it eaer lo move around the museum 05 a visitor.
urwell Museum Trust TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2024 A. Make the Musevm easier to rThiMtain ond wn- opply fN o nI F4)werlbattw storoge. A. Bring %mikir items OLf coHection5 logethw ond moke the extl4ts releyont whh will eno18 belter inftymotion lor vtsitcrt. A. Create eyhibits that can be eas svthched (rwKI trveryfew yecys so Museum stays rdevont. A. Crgale a spoce Icrge enough to host bggerK6 ond èv8nts. Imkxove m91fK) eSenCe / reoch of ¢xfverfNro to hdp increose (Xen of the Musevm and our events. A. Increa lIoT nurnbe eng(tye with (xjr Voe schod as wel a5 Other 5choots orKI communlfy groLSPS. Resolve trat ond spoce i%SL5 Ihg exisllrKJ Tea Roomlkilchen facty. A. Generate en¢xJgh lo keep Ihe MLwm rvnryng wth(xrt regu r)nt / donatKJn funding I stx>nscfship. Review fUndg orKI pwlArties bef planrNNJ expw to exlend the wnlage Vehic shed. A. Conlinve to rec(d. prolect and wnprove ourcdlK)ns E Improve 0urengogom with Wtsilor5. to prode spectr in1cOI10 abolrt c¥lefocts ond interesllng facts trom the ero, moknng I1$11 intereslvJ felevont. F Generate fun(ng fcy con11rle(j eP ofthe Ml os Q WL¥king win¢rfl by 3Y26 G Proposed ExlNtMliorL%: Education Hub about powgt ond solar gerrali0n scheme5 around Butwell- tied up whh grant OpatIOn forsol(w poweT genwtIC and bcrtlery slryap. Hnonclal r•vl•w 1115 the polry of the chorfty Ihot Le51rICted I15 vhich hove not been deggnaled fcK o specwlc use should be moinloined at o kvel equNolent lo befv•een It orbd Six month's expenditwe. Thg Dweclors considers thol reserves al tTr¥5 level wll ensure that. in the event of o sKJntficont drop in fvnding. they will be oble to continue the current activitie5 while ¢onyd6rolion ts gNen to WOy5 in whh addil*)nol funds may be Taed. This tevèl of reserves dipped bek)w ealy in 3Y24 bvl lUsI oixxrt been maint1 fu Ihe remairthrof the ye(r. The Tru5tee5 hove cssessed the majcK kS lo whth kn¥el Museum Tr¥tst LE exposed. ond (we sotisfied Ihol systems a in pk)¢e to mltbale ony ey4>oswe. It Ss the poticy ol the chth thol vrYe5tiicled fu19 wlNch have r¥)t been de5ignoted lor o specific use should be mointoined ol a Ve1 equNalenl to befvleen Ihr89 ar Six month's eN¥endilure. Ihe Trustew con5KJ8r thot reserves at this ve1 wll en5we Ihal. in the event ol a signfficoDI drop in Ivrmying. they be able to continve thg ¢hority'% current activit whle consKleration i5 gNen to ways in addTIN)rol IvrK15 moy be raised. This level ol reserve5 hos been maintained throughout the year. Howew. costs of Ihe rw4 ahjmi Sern hos pvt a stren on resetves, th6 trustees outweighed the costs vs Ihe benefil orKI onkipote forreserves lo reln to nclmal tevets dvrft)g 2024. Tro TrUee5 hove ossessed the mo)rkS lowh the choyfty ¢ exposed and are %7tt5fied Ihat 5y5tem5 are in KAoc8 Io TT%ligot8 exposwe to the rrk BLErwell Museum Twst a compony rmId by oJ¢yonlee. The Trustees. vrtK> QTe obo the <freetS for the pupose of cixrpory kw. and who servod dlng the year and up lo the dole ol ygnotse of Ihe finoncid slolements We. Mr S Heath M5 8 Vliknn
Burwell Museum Trust TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Mr M BrONe Mss J Ganrford M5 S C Phipps Mr C Leach Ms K Robinson rAWhite Mr C Bryan (Retyad l M(xch f241 IRestgned Xl juty241 (Apptsinled I Septembw3Y241 (Appointed T September 24) IResKJned l FekNVW 20241 (APpted 9 Fet*uory %1251 Trustee5 are recrulted by adverttsemenl cxound 11)e vknge and on m[eurn vRbyles and are oppolnted by agreement ol the eyjsting tnJsfees.None o11ho tirecttys hos ony bene1 interest in the company. Al ol the Dlrectors c¥e members ol th& tompony and wyantee lo conlrtwle £1 in the event ol a Nvlndw up. The company's Cuent poIY conceming the wymenl of trode cred[trS S to Idlow Ihe C81.5 Prompt Pay Code [coe5 are ayak3b frIMn Ihg CBI. Centre P¢int. 103 New Othd Street. London WCIA I DUI. The compony's current pOrY conceming ponI ol trod8 c1edito 15 10: . settle the terr of poymenl w71h 5uppkn when 0g the teffns ol each tronsoction: . ensure Ihot yjppkn ¢Je nvJde aw of the tern of p(went by of the Televant terms In contro¢ts.' ond . pay In acc¢ydonce componvs controcltKY ond olYwleW (Wv Trode creditor5 of the company al the Ye end were equNaknt to O dtys wch05e5. based on the overage dally amount invoiced by pper$ drj Ihe yeu. Burwell MLtseum Trust run by the Trustees. Tr Truslees manoge a wp of Yohmteers to erwe the d¢ty.tO- doy mointenonce ond r¥ing of Ihe mu5ewn. The Trv51ee5' reptWaS ¢JPFed by the 80(¥d ofTJusle8S. Ms B Wmson Trust6e
Burwell Museum Trust INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Burwell Museum Trust I r8PQrt lo the Tnjslees on my exanrynotiw of lh8 ffinancid slolerrents of Museum Twst (the charityl fcx the year endod 31 December 3Y24. A•sponslblNtl•s and ba$15 Qt re As the TnJslees of the chortly lond aLso Its dwectCM5 fix the txffposes of company kn¥l. you are responsible fry 1hè preF)or(Jlion of the finoncK4 aterrentS in occcKdonce wth Ihg reqtKements of Ihe Compani95 Act 2. Hoving sattsfied my5eir thal Ihe finandol statemenf5 of the ch(th e not rewwed to bg oudlled vnder P(¥t 16 of the Companies Act 2CQ6 ond (xe efwJil)te lor Thjependent exomination. I rewtr in r8specl ol my examination of the chcrtty's Ilnancial statements CtiTied out under section 145 01 the Ch¢Thlies Act Wl l. In caVing ovt my examinolion I hove followed Ihe C&clK)ns given by the Clty Commwn under sèction l4515llbl of tha Charities Act 2011. I have compted my examiwtion. I confmi thot motters hove coffe lo my (Jllention In connectM)n wth the exomina1ion gving me cause lo befieve that in any malericl respectr acc¢yJnthrvJ Tecord5 were not kept n Tespeet of the charfty a5 requred by secllon 386 of th¢ Companie5 Act the financial slatemgnts ¢) not accc(d wth Ihose recud5." or the financ1 5talements do not comth wth Ihe accounting requKements ol section 396 of the Companies Act 2(X)6 other Ihan any requwement Ihol the slotements a trl and fa view. which not a motter conydered os port of on independent exomirholion.. or the financiol statemen15 hove nol been wep(wed in acccwdonce the methods und princip$ of the stolemènt ol Recommended Practice for ac¢ounrfrKJ and TeprytirKJ by chorilie5 oppficable to charitie5 preparing thew fnancial staternents in OccrydorÈ the fir11 Repcrfng Standard apdicable the UK ond RepU1C ol *eland IFR5 l(r21. I have no ¢oncems and hove ci)me (Kross no other rnatt in conn6cl%)n with the exominotion to whrh ottenlK)n shoukl bg (tr( in thts report (xd6Y to erwjbb a kX¢V undStandtll9 of financial 5totwnents lo reached. Hden Wotsc E15tree House Watson'5 Yard Hlgh Slreet Cottenhom com1d9e C824 8RX Dated..
Burwell Museum Trust STATEMENT OF FINANCIAL AcTrvmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 fvnds frjnth Income Irom: Donolions ond bgoc Charltob octiwties 7313 16.417 13.013 16,417 16.5&3 16.553 Told Incom• 1&192 18.192 charitab acliwti65 26.491 49,128 43.1&5 14A17 57.572 26.491 49.128 43,155 14A17 57.572 N•tlncom•/(•xp•ndllw•) 126.4911 119,6981 124.9&31 114.4171 139.3801 Tronsfeis betwe&n lunds 136.1951 36.195 Met M¢WeM In fvnds 6.793 126.4911 119.6981 161.1581 21.rn I39,) R•¢on¢lN¢Jllon Offvn. Fvnd bal(2nces ot l Jonuc¥y 24 468.éA)5 470,& 510,210 Fund bcAone•s a137 D•c•m 9D18 442114 451.132 468.tS05 470,830 The Statement of finoncKJl octivllles kndudes all gaws k%ses rectswd In the ye(r. Al income ond expenditur8 derive from continuro oclivihes.
Bulwell Museum Trust BALANCE SHEET AS AT31 DECEMBER 2024 TangitAe assets 435.859 447.279 stocks Debtors Cosh ot t)onk and In hand 12 13 942 16.61Y2 843 24.938 17.744 25,981 14 y•ar PA711 12.4X)I 15273 23.551 451.132 470, Th• fvnds of Ihe chqlly Restiicted income rKts Unrestricted funds 15 442.114 9n18 468,*S05 2225 451.132 470, The compony 15 enlit19d to lh& exemption from the (x¥Jl reQenI contaed in seclK)n 477 01 the CompanEs Act 2LX)6, lor the year ended 31 DeCern Ir24. respect to accounting reccrfds and the eparI110n ol ffftorcKY slolements. Ihe membets have not re(d the coffp(Yry lo obton on oJdt of rls firKincNJl statements for the year in question in occordonce wth seclvJn 47& These ffnoncKJI sta18mts hove been F¥epared n (rcc¥d(e Ihe FYovThon5 wkotA9 lo compan5 SUt48cl to the 5mol compon reglme. Thg finoncial 51ataments were ¢JPPToved by the Trv51e85 on .......... Ms B Wiknn Company registrulion numborOI831269 and Wde51
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AccovnllrvJ PkI•S Burwen Museurn Tru s a private CCmFony IrThted by gjrxontee 1rp(x019d in ond Wal&s. Tr ¥¢gtered offfce i% a51r88 HSe. Watson's Y(rd. Hvah Stfeet. Cotlwlmm CorntsYge. CB24 8RX. 1.1 Accounllng con¥enllon The linancKJI 51atements have been K¥ewed in accordonce wlh Ihg charity's goveming documenl, the Companie5 Acl 2W6. FRS I2 Ihe 1nl Repryliry Standard opIc0tA8 in UK oTrJ Republc of Irelond. and the Charit5 SORP 'Accounling and Reporling by Charilies: Statem1 ol Recommended Practbce applabse to chorities prepjring Ihw counts in oCc(xdoe wlh the fvancid Rewting Standard Opplicab Sn Ihe UK and Repubk of treknrvj IFRS 1021". The thytly is a Put Bengfit &itlty as defined by FRS The ch(ty h05 token athantaoe ol Ihe in the SORP lor chcwitie5 nol Io a stot&ment ol cash Itows. The finoncial statements ore epced n 5Fgrfing. whh i5 the func11)r1 cw&ncy of th8 charity. Monetary amount5 in these financial 5t(31gments are rcundèd lo Ihe ne(rest £. The financial stotements hove been prepored vnder 1he horIcal cost conventic. Imodified to include the ievaluation ol fr&ehold properlies ar to inclLth inveslment [OperlES certain firnoI in51rumènts at la valuel. The princ¥)til accountry F)okies adoptwj (xo sel 4xrt below. 12 GOINJ conc•m At tt)e lime ol approwng the financKJl Statemen TDJslees hove o reason0l8 expectollon that the charify has odequate resowc8S to conlinue n operobM71 e¥itence ICK the foreseeable fvture. the Twstees continue lo a<k)pt the going CoeM b0515 0f0ccntlrWj in prOpThJ the knnck]I statements. 1.3 Chcxllablefvnds Unre5tri¢ted funds (xe oyoli oble kn use ot the di5CTel¥)n of the Trlee$ in fthee of thetr charilab objective5. Re51ricled funds are svblect to 5pecffic Conditio by donor5 crf gront(xs as to how they may be u5¢d. The purposes on(J of the restrrted fund5 ae 50t out n Ihe T18$ lo Ihe financ slolements. Endowment fun(s ¢Je sutlect to SFeclk conthK)ns by don5 thot the c(ylal must be maintained by the charity. IA Incom• Income is recognOd when the th3ity ts enti1 lo ofter any wf0mnCe condFlions have been met. the amovnts can be me05ured relabty, and tl 15 Fyotsjble IIM)t income wl be receiyed. Cosh donolions (xe recogTh5ed on recept. oth8r donalion5 e rg¢ognsed once tha Crity has bean notlfied ot the dOrtK)n. Unle perforrrKJnce conditn5 r8qure deferral of the amount. Incorne lax recovera& in relolK)n to d[IK)n5 received vrKltsr Gift Aid deeds of covenanl 45 recogntsed at Ihe Imne ol the dontition. Legacies ore recogni5ed on receipl or otherwse rf the chcth hos been r¥)tifigd of an Impendng dtsttibution, the amount is knovm. and receipl i% expected. IF the (rnnt is nol known. the legacy is treated as o contingent osset. 10-
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 (¢anNnv•d) 1A Expendllwe Expenditure ts reCognd 0e Ihere a Corts1ntNe OtJaI lo transfer econ0C benefit to ts thtrd PaTfy. it 15 prc)boble that o trof of eCorrn befits be requed fft settlement. orKJ the omount of the obloalion can be mea%ured rekjbly. E¥pencfjhKe ts dosgrd by aclmfy. The costs ol each ocliwty nvJJe up of th8 totol ol direct costs and Shored costs. including suppwl costs nvdved in undertoknng each aclivity. D¥ect cos15 atlribJ1able to o single octrvity lye ollocoted deCIty to thot actNty. Sh<wed coss vhch contribute to m(xe lThon one activty and SLlPPOrt costs vthich ¢Jre not atlrWobSe to 0 5in oclwity e omvlioned befvn those activitie5 on o bosis ¢on%slenl wilh the use of resowces. Cenlral sloff costs are allocated on the b(Jsts ol time 4)ent. and depre¢bNon charges (Te amocated on the pc ol ts oss81's use. 1A T4xJlble fthl as Tangible fNed 055ets (r8 110 Mjrad at cosl orKI subsequenlty meogJed at C05t or valuation, net of dey¢cKJllon ony impoinnt h)s805. •L DeFYeCititlon 15 recoywwj so 05 lo wiite off ts cosl (x v(knkn of ossets kn thex residual valjes over thetr useftJl fves on the IdkMro boses: Freehdd land on¢J LeasehcJ kjnd ond buldings Pkjnt ond equipment l%on c051 l%onc05t Xl% teducw bolonGe The g(in cw b55 ortng on the (55rx)sal ol an (wet s deternffted 05 the dTfierence behveen Ihe sale proceeds and the canytng v() ofthe 05set. 0j li recogTh5ed fft Ihe statement of financiol octivitles. 1.7 Impaknwrt of Ilx•d assets Al eoch reporting end dole. Ihe chcth the COTr Orrlnts of ils longble 05s¢ts to determlne whether there 15 any tndicotion thot Ihose 0558ts have yjffered an inwwrn8nt bss. 11 ony such indicotK)n exsts. the recoveroble amount of the ¢Jsset 15 e51imoled h cder to deleMYr Ihtr exPenl ol Ihg wnp(wmenl bss lif anyl. 1.8 st•¢ Stocks are stated ot Its lower of c051 ond eslTh]led sefAng lce bss costs lo complete and sell. C05t comyises drec mcJleriots and, where appkoue. k]bcMN cosls ond those ovetheads thot hove been in¢vrred in tfflnging Stocks lo their Fesent bcoticm and condthon. Ilerrs held f¢y distritsjkn ¢Jl no or nominol conyderotion (tre measured Ihe k)wer ofreplocement cost and cosl. Nét reaknble volue ts the estimatgd selng Frfice bs5 01 estim(rted costs of completion and costs to bè Incurred in marketing. sewry ond ¢S¢stribul+on. 1.9 C¢Mh and cosh eqUI1•nI5 Cash ond cosh equwolents include c05h in h(md. dep)gts heky ol cd wth borts. other short-lÈm Ilquid Investments with originol nTh)tirritie5 of trwee kn. and b(mk overthafts. B¢mk ovdraIts shown thin tm)rrowgs in CLxrenl
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkl•s (Conllnved) 1.10 Flhun¢lul InslNm•ths The ¢hority hos dected to appty the ol Section I I 'B(w Fmanciol Inslnments, ond Seclhjn 12 '0ther nancial Instruments bsues, of FRS Itr2 to dl of Ils firn nS1wnts. financiol instruments a recOgned n Ihe ch¢JiVs bolonce sheol when the ch¢th becomes po¥ly to the Controctvol provimons of the Snshument. nancial (J55ets und rbIrrtles are oftset, fft the net amwnts pr8senled in the finonclal stalements, when there 15 a legally enforceoblg right to set ON the recogriwl amounts and thwe is on intèntion to setle on a net ba%s ¢y lo reakn the iTht ond Set thè kJiJTrtyshixl1one. Bo5r ffnonciol ossets. whh indude deblor5 and cosh ond bonk bak]fices. ¢ye iruhally measured al transaction price in¢lu<Jing tronsaclK)n costs and rye subsequenlty carrpd at omorttsed cost using the effective inl8r85t method unle55 the (yrongement constitutes a finoncing tron5aclKJn. we the trorfjaction me05ured ot the present value of Ihe future receipts ¢thscounled at a role ol nterest. Hnancial assets c1059fied os recewable within one ye(Y cjrg rK)t afted. Basic financial fK)bltlios. including crethtor5 ond bank k)ons (Ye initialty reco at trarfjoclion Fxlce unless the arTangement constitutes a finoncing tronsoct)n. where the debt in5tsumenl ts measured al the present volue of Ihe future payments dOunted at a m(#tel rate ol tereSt. FwKJncK)I fiatJies clasyfied 05 pay08 Wthin one year are not amorlised. Debt Instruments are wbsequently cottsd at amor11 cosl, eflé¢lfve interest rate meth¢)d. Trade creditor5 are otJigiJt1or lo pay 9)ods 5ervice5 It hove been acquired in the ordiwy course of opertslions from suppfiers. Amounts poyot)le (tre cbsslrd as cwenl StrtTeS M poymenl 15 thje wtthin one yeor or les5. If not. they are pwesented 05 non<urrent kJbth14es. Trade Creditr are re¢ogntsed initiony at transaction pr¥ce and 5ubseqvenlly rneayd al cosl Ihe elfeclwe intwest m&lhod. Finonciol liobllies derecognwl when tho charlty's contraclual ob&aolK)ns expke or are discharged cancelled. 1.11 EMOYee beneNI¥ Thg CO51 of any unused FKJlthy entillemw)l is rcognÈed kn lh8 F)eriod Ihe eMoYee'S services Iwe r8ceNed. T8rminolion beneffts ore reCogned smm8dKJFely os on expense when the cFKJtly is deNnstratsfy committed to lomiimte the employment ol an emF)yee to Fxovhje tefftinalion benèfits. CrTtk(4 ac¢omllng •thial•s and ludgem In the appratIon of the chority'5 oct(tIr por the TThJst8es cxe utred to make judgemenK aslimotes and ossumplions obovt the canwng omount ol assets ¢Jryl SatMliti8s tIK3t are not readty opporent from other sources. The eslimoles ond <0Ced ¢Jssumpliorfj rye br on htslorical e4H*nce and otheT fuctots that ore considered to be reVant. Actuol results rrny ¢ffier Irom Ihe5e esknmotes. Ihe e5tirTrJles and undthtyro ctssuffptwjns e revi8v on on ongdrvJ txjus. Revi5KJn5 to occounhng estimate5 ore reCognd in the pericxy in whh the eshmate 15 revised where the revision offects onty 1hrJt pfj. or n Ihe perio¢J of the rewsion and ftjture period5 wh8re th& revNon afFects bolh cwent ond future period5. 12-
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income trom donallom and legades fund¥ fvnds Donotiorts arKI glts Grants 12,013 1.639 13,013 1.639 lund¥ funds 2023 Sob of goods 16.417 I63 13-
Burwell Museum Trusl NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2023 staff costs DeprecK)tw ond n)porment Purchases Educolional matla Event Costs 1.123 13,515 9.033 240 6.378 11.420 2,570 2.113 k ij Water rate5 In5kJranc9 ght and haal Repair5 and maIntenae Printing. posloge stOK)n Telephong C<)nsultoncy General expenses Svbsctfjptions 298 3,947 3.113 12.125 3.657 5.611 18.069 875 960 1,352 793 1.219 47,848 56.186 Shar• of svpwl and (w• nol• 6) Govemance 1.386 49,128 57,572 An¢ty¥ls byfund Unreslricled funds Restricted lunds 22.637 26,491 43.15S 14,417 49.128 57A72 2023 Govemance costs Analy b•lwtt Museum 1.386 14-
Burwell Museum Trusl NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 N•t mov•m•nt kn fvnds The nel movement in fvnds Li sloled oftercltsgrollue(IllrKJl: Fees p<ryab fulhe kKlependent excmkn1l of Ihe Ctss fThJncial stotemenls Depfecialion of owned tangble ftted ossets 11,420 13.515 None of Twstses Itx orry persons conrthed Iheml receNed any rernunwthn benefits from the charity duriro the yeor. Employe The average monthty number of empbyees ye(rwa Numb•T Number Total Wage5 and solorS 1,123 The remunerolion ol key rnanagemenl personr*l was £Thl. 10 Taxallon The charity is exempt from loxolb)n on 115 OCtivIl bec(AJse al its income 15 q)pled ftyclKwfjtokJe purposes. 15-
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Tangble ftxod au•ts At l JarMJary 2024 276.7YJ rJ7.1&) 127,691 641564 At 31 Decemb¢r 2Y24 276.723 YJ7.IXI 127,691 641.564 At l Jonuory 2r24 DeFy0Cln ch¢Jged in the ye 33&7 1764 58.128 2369 I2.590 6.287 194,285 11.420 Al 31 Decembw3Y24 36.1 liJ.497 108,877 205.71)5 At 31 December %Y24 240.3f2 176,6S3 18A14 435,859 At 31 Decembw 2023 243.156 179.ry22 25.101 447,279 12 Stocks Anishgd goods and goods lor reso 13 Debtty Amvunts falhy due T•llth on• y•w. Prepayments and accnd wK¢Jn 942 14 thedltcn: om¢unls lalng wlltrkn on• y•ty Trade creditors Accruats and deferred Inco 1.241 2,471 16-
Burwell Museum Trusl NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 R•sllcl•d IWKIS The reslrf¢ted funds of tho charify compw the unewded batsjnces of dtIllonS and nts hekj on Iwst subject to speclfic conditions by don a5 lo trK)wthey may bg us¢d. Trankn At31 ColèclSon fvnd Restoration fvjnd Lecjsehold bull éings oehold tlings other buildings and equiprnènt 21,296 12.2101 19,086 25 176.653 240.393 5.957 179.Q 243.157 25.105 12.3691 12.7641 119.148 126.4911 442.114 AtlJ(w R•sowc•s At31 Couection fund Restoration fvrKJ LeCehold tx)ikl Freehold buHding5 Other buildings and equThnI 22.198 21.296 181.391 37.316 5,897 123691 12,7641 18x21 179.W 243.157 25,105 27.590 114.4171 36.195 16 uN•lfv fvnds The Un1rfCted fvnds of Ihe charity comF¥ke vrwpeThJed b(mces of donalK)ns and gront5 wtrNch are rKJt subjecl lo specffic conditions by donw and gantcrf$ 0$ to how Ihey may be used. These include deslgnated funds wtuch have bgen set osde our ot uNeslricled lunds by Ihg tru51ees lorspecffic purpose5. At l jttnuy Incomlng ReCeS At31 D•cemb¢r2024 Ggnwol funds 2225 29A 1216371 9.018 At31 Decemb•r2023 Gen8rol funds &3J&3 18.192 143.1551 136,1951 2.Y25 17-
Burwell Museum Trust NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Analysts ol net a¥sel¥ belwem lun knids l¥nds At 31 l>¢¢•mb•r20X' TOngle assets Current 055etsiifKJblti951 435.&59 435.859 15.273 9.018 9.018 442,114 451.132 Total nds fvn Al 31 De¢•mbw 2023: Tongible <wts Ctrrent oss&tsiifiabltiesl 447.279 21 a26 447.279 23.$51 2225 222S 470,8 18 Rekrtod pthtrorrfaclkns Thwe were no disclosoble related prjrly Ironsaclions the ys(r IW23. non81. 18-