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2023-12-31-accounts

REGISTERED COMPANY NUMBER: 01931454 (England and Wales) REGISTERED CHARITY NUMBER: 298647

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DEAN HERITAGE MUSEUM TRUST

Centora James Limited Jury Farm Ripley Lane West Horsley KT24 6JT

DEAN HERITAGE MUSEUM TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Dean Heritage Centre A company limited by guarantee

Summary

The Dean Heritage Centre (DHC) is an accredited museum located in the historic Forest of Dean, but we are far more than just a museum. The building itself has had more than six different uses over a 400-year period, beginning life as an iron forge to support the iron ore mining activity which has been a part of the area since 500BC. It now houses a collection of over 20,000 items, all relating to the rich cultural history of the area.

In 1979 Forest of Dean Rotary Club instigated the formation of the Dean Heritage Museum Trust, in recognition that the unique cultural heritage of the area was being lost. In 1983 the building at Camp Mill was entrusted to the local council for use by the Trust to open a museum to house the collection and provide information and enjoyment to visitors wishing to understand more about the area. The stated aims of the Charity are to provide a local museum with articles and stories from the local area and provide education about all aspects of the Forest of Dean, it’s history, geology flora and fauna. We also now house a local area reference library housing thousands of maps, pamphlets and pictures and are the depositary for local archaeological finds.

In addition to welcoming 20,000 visitors each year, the DHC also hosts a number of school groups (2,000 children) through a programme of interactive learning days which are linked to different aspects of the National Curriculum. Through the school holidays children can take part in practical activities and workshops covering a wide variety of topics. Our chainsaw carvers operate at one end of the site – rather unique skills to watch.

Since 2018 the onsite Café has been taken in house and now runs directly for the benefit of the DHC.

The Dean Heritage Centre provides

Museum and Cafe

Page 1

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Throughout 2023, the Trustees and staff of the Dean Heritage Centre (DHC) were keen in move the organisation towards financial stability, and as such a number of actions were initiated. The staff, volunteers and Members met at the start of 2023 to explore ideas for increasing the income and reducing the costs of the DHC. From the ideas that were suggested, some were researched in more detail to identify those which would be financially viable. A fixed term Commercial Officer post was funded to support staff with developing their income generating ideas and Heather Richardson was appointed to the post during the summer.

The Coffee Shop continues to be an important source of income. We were sad to see Shelly Menhennet, the manager, leave during the year, but pleased that Theresa Davies and Ellen Peacey agreed to jointly run the Coffee Shop and continue Shelly’s successful leadership.

Matthew Barnes, the Retail Officer, continued with his work improving the shop, by joining Alison Breton, Trustee, to carry out a grant funded retail project, working with local art and craft artisans.

Nicola Wynn, the Collections Officer, was a part of a team, led by the University of Gloucestershire, who were successful in receiving a grant to fund a literary project. The project’s aim was to locate, collect and catalogue original documents from the families of some of the Forest of Dean’s notable writers and poets, so that they would be available to the wider public for research. Nicola was also pleased to receive a delivery of some historical paintings and artefacts that belonged to descendants of the Pyrkes family, who were prominent within the Forest of Dean from the 17th Century. They lived in, what is reputed to be, England’s most haunted house, Littledean Hall.

Plans to submit grant applications to the National Lottery Heritage Fund (NLHF) and the Arts Council were delayed, following advice from external consultants. It was felt that further audience data needed to be collected in order to increase the strength of the submissions. During a large community event held in the Forest, the Trustees ran a DHC stall at which a survey was carried out to gauge opinions on the direction that the DHC should take in the future. The Trustees were pleased with the positive responses from visitors and their support for the DHC as a repository for the heritage of the Forest of Dean. Julia Holberry was appointed as a consultant to support the Centre Manager with his preparation for a grant submission to the NLHF.

Following research that took place at the end of 2022, the playground was upgraded to make it more suitable for younger visitors. Plans were also progressed to improve the insulation of the mill building, by replacing single glazed windows and adding further insulation to the loft. The Foresters’ Cottage, a popular attraction developed an alarming crack during the year and, following advice from a structural engineer, it was closed towards the end of the year, forcing Father Christmas into the school room during the period when he was meeting with children visiting the DHC.

The Board feels that good progress has been made at the Dean Heritage Centre in moving towards financial sustainably, however, it is a long road and still a long way to go.

Iain Baird Chair of the Board of Trustees

Page 2

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01931454 (England and Wales)

Registered Charity number

298647

Registered office

Dean Heritage Centre Camp Mill Soudley Cinderford Gloucestershire GL14 2UB

Trustees

Iain Baird – Chair, Education Consultant Phil Smith – Vice Chair, Commercial Director Alison Breton – Treasurer, Company Director Tom Cotterell – Secretary, Senior Curator Nick Goodison – Finance Director Emma Skelton (resigned 30[th] October 2023) Chris Miles (appointed 24[th] July 2023) – Commercial Director Simon Phelps (appointed 15[th] August 2023) – Farmer and District Councillor Morwenna Rowlands (appointed 12[th] October 2023) – Senior Content Designer

Company Secretary

Tom Cotterell

Dean Heritage Museum Trust Members

Roger Deeks, Mary Dutson, Janet Bailey, Vanessa Broadway and Paul Hannaby

Independent Examiner

K D N De Silva Centora James Limited Jury Farm Ripley Lane West Horsley KT24 6JT

Approved by order of the board of trustees on 31 October 2024 and signed on its behalf by:

................................................................................. A J Breton - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEAN HERITAGE MUSEUM TRUST

Independent examiner's report to the trustees of Dean Heritage Museum Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). 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 examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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 as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 enable a proper understanding of the accounts to be reached.

K D N De Silva

Centora James Limited Jury Farm Ripley Lane West Horsley KT24 6JT

Page 4

DEAN HERITAGE MUSEUM TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
250,078
Charitable activities
5
Operation of heritage centre
-
Admissions & Season Tickets
66,003
ACE Resilience
-
AIM Sustainability
-
Playground Project
-
Steps to Sustainability
-
Other trading activities
3
185,212
Investment income
4
19,248
Other income
1,806
Total
522,347
EXPENDITURE ON
Raising funds
71,143
Charitable activities
6
Operation of heritage centre
94,839
Direct Costs
32,379
Staff Costs
234,626
AIM Sustainability
-
Total
432,987
NET INCOME
89,360
RECONCILIATION OF FUNDS
Total funds brought forward
249,349
TOTAL FUNDS CARRIED FORWARD
338,709		 31.12.23
31.12.22
Restricted
Total
Total
funds
funds
funds
£
£
£
12,888
262,966
303,774
1,000
1,000
4,000
-
66,003
60,767
-
-
12,605
3,423
3,423
3,423
5,000
5,000
-
11,100
11,100
-
-
185,212
164,195
-
19,248
192
-
1,806
5,879
33,411
555,758
554,835
-
71,143
58,110
10,561
105,400
126,620
-
32,379
12,709
-
234,626
172,878
-
-
3,423
10,561
443,548
373,740
22,850
112,210
181,095
353,495
602,844
421,749
376,345
715,054
602,844

Page 5

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
10
Heritage assets
11
Investments
12
CURRENT ASSETS
Stocks
13
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
3,785
-
500,000
503,785
4,831
1,385
106,867
113,083
(271,076)
(157,993)
345,792
(7,083)
338,709		 Restricted
funds
£
314,221
2,971
-
317,192
-
-
59,153
59,153
-
59,153
376,345
-
376,345		 31.12.23
Total
funds
£
318,006
2,971
500,000
820,977
4,831
1,385
166,020
172,236
(271,076)
(98,840)
722,137
(7,083)
715,054
338,709
376,345
715,054		 31.12.22
Total
funds
£
328,316
2,971
500,000
831,287
5,409
1,186
298,993
305,588
(521,948)
(216,360)
614,927
(12,083)
602,844
249,349
353,495
602,844

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

continued...

Page 6

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET - continued

31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by:

............................................. A J Breton - Trustee

Page 7

DEAN HERITAGE MUSEUM TRUST

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (157,530) 680,617
Other Adjustments 6,085 -
Net cash (used in)/provided by operating activities (151,445) 680,617
Cash flows from investing activities
Purchase of tangible fixed assets (775) (2,183)
Purchase of fixed asset investments - (500,000)
Sale of tangible fixed assets - 1,060
Interest received 19,248 192
Net cash provided by/(used in) investing activities 18,473 (500,931)
Change in cash and cash equivalents in the
reporting period (132,972) 179,686
Cash and cash equivalents at the beginning of the
reporting period 298,993 119,307
Cash and cash equivalents at the end of the
reporting period 166,021 298,993

Page 8

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.23 31.12.22
£ £
Net income for the reporting period (as per the Statement of Financial Activities) 112,210 181,095
Adjustments for:
Interest received (19,248) (192)
Decrease/(increase) in stocks 578 (1,351)
Increase in debtors (199) (305)
(Decrease)/increase in creditors (250,871) 501,370
Net cash (used in)/provided by operations (157,530) 680,617
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 298,993 (132,972) 166,021
298,993 (132,972) 166,021
Debt
Debts falling due within 1 year (5,000) - (5,000)
Debts falling due after 1 year (12,083) 5,000 (7,083)
(17,083) 5,000 (12,083)
Total 281,910 (127,972) 153,938

Page 9

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Plant and machinery - 25% on cost Fixtures and fittings - 10% on cost

Stocks

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

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES
31.12.23 31.12.22
£ £
Gifts 12,966 17,573
Legacies 250,000 286,201
262,966 303,774
3. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£ £
Shop income 31,806 32,416
Café sales 141,230 100,119
Other sales 12,176 31,660
185,212 164,195
4. INVESTMENT INCOME
31.12.23 31.12.22
£ £
Deposit account interest 3,748 192
Fixed rate bond interest 15,500 -
19,248 192
5. INCOME FROM CHARITABLE ACTIVITIES
31.12.23 31.12.22
Activity £ £
Grants Operation of heritage centre 1,000 4,000
Admissions Admissions & Season Tickets 64,453 60,611
Activities & courses Admissions & Season Tickets 1,550 156
Grants ACE Resilience - 12,605
Grants AIM Sustainability 3,423 3,423
Grants Playground Project 5,000 -
Grants Steps to Sustainability 11,100 -
86,526 80,795
6. CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Operation of heritage centre 105,400
Direct Costs 32,379
Staff Costs 234,626
372,405

continued...

Page 11

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£ £
Depreciation - owned assets 11,085 12,043

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

9. STAFF COSTS

STAFF COSTS
31.12.23 31.12.22
£ £
Wages and salaries 227,023 168,121
Social security costs 4,625 2,518
Other pension costs 2,978 2,174
234,626 172,813
The average monthly number of employees during the year was as follows:
31.12.23 31.12.22
Employees 30 22

No employees received emoluments in excess of £60,000.

continued...

Page 12

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
11.
HERITAGE ASSETS
MARKET VALUE
At 1 January 2023 and 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
12.
FIXED ASSET INVESTMENTS
Investments (neither listed nor unlisted) were as follows:
Fixed rate bonds
There were no investment assets outside the UK.		 Fixtures
Freehold
Plant and
and
property
machinery
fittings
Totals
£
£
£
£
495,378
27,144
178,406
700,928
-
-
775
775
495,378
27,144
179,181
701,703
178,827
26,314
167,471
372,612
9,738
208
1,139
11,085
188,565
26,522
168,610
383,697
306,813
622
10,571
318,006
316,551
830
10,935
328,316
Total
£
2,971
2,971
2,971
31.12.23
31.12.22
£
£
500,000
500,000		 Totals
£
700,928
775		 Totals
£
700,928
775
701,703
372,612
11,085
383,697
318,006
328,316
Total
£
2,971
2,971
2,971

continued...

Page 13

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

13. STOCKS
31.12.23 31.12.22
£ £
Finished goods 4,831 5,409
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 301 983
Other debtors 203 203
Prepayments 881 -
1,385 1,186
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other loans (see note 17) 5,000 5,000
Trade creditors 2,633 5,864
Social security and other taxes 3,571 1,813
Pensions payable 814 555
VAT 5,378 4,633
Wages payable - 77
Credit card 351 806
Accruals and deferred income 250,000 500,000
Accrued expenses 3,330 3,200
271,077 521,948
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£ £
Other loans (see note 17) 7,083 12,083
17. LOANS
An analysis of the maturity of loans is given below:
31.12.23 31.12.22
£ £
Amounts falling due within one year on demand:
Bounce Back Loan < 1 yr 5,000 5,000
Amounts falling due between two and five years:
Bounce Back Loan 2-5 yrs 7,083 12,083

continued...

Page 14

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. MOVEMENT IN FUNDS

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
249,349
100,460
349,809
353,495
11,750
365,245
602,844
112,210
715,054
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
533,447
(432,987)
100,460
22,311
(10,561)
11,750
555,758
(443,548)
112,210
Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
51,206
198,143
249,349
370,543
(17,048)
353,495
421,749
181,095
602,844		 Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
249,349
100,460
349,809
353,495
11,750
365,245
602,844
112,210
715,054
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
533,447
(432,987)
100,460
22,311
(10,561)
11,750
555,758
(443,548)
112,210
Net
movement
At
At 1.1.22
in funds
31.12.22
£
£
£
51,206
198,143
249,349
370,543
(17,048)
353,495
421,749
181,095
602,844
602,844

continued...

Page 15

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Operation of heritage centre
Restricted funds
Operation of heritage centre
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
547,413
(349,270)
198,143
7,422
(24,470)
(17,048)
554,835
(373,740)
181,095		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
547,413
(349,270)
198,143
7,422
(24,470)
(17,048)
554,835
(373,740)
181,095
181,095

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 16

DEAN HERITAGE MUSEUM TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 12,966 17,573
Legacies 250,000 286,201
262,966 303,774
Other trading activities
Shop income 31,806 32,416
Café sales 141,230 100,119
Other sales 12,176 31,660
185,212 164,195
Investment income
Deposit account interest 3,748 192
Fixed rate bond interest 15,500 -
19,248 192
Charitable activities
Grants 20,523 20,028
Admissions 64,453 60,611
Activities & courses 1,550 156
86,526 80,795
Other income
Electricity income 1,806 5,879
Total incoming resources 555,758 554,835
EXPENDITURE
Other trading activities
Opening stock 5,409 4,058
Purchases 70,565 59,426
Bad debts - 35
Closing stock (4,831) (5,409)
71,143 58,110
Charitable activities
Wages 227,023 168,121
Social security 4,625 2,518
Pensions 2,978 2,174
Direct costs 32,379 12,709
Support costs 105,400 130,108
372,405 315,630
Total resources expended 443,548 373,740
Net income 112,210 181,095

Page 17