2024-12-31-accounts - Dean Heritage Museum Trust

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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 2024

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 2024

		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	to	18

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

An in-door museum experience telling the story of the Forest’s geology and archaeology from the ice-age to the present day, the medieval hunting forest, and its mining, industrial and engineering history, and the people who have lived and worked here through the ages.
The Dennis Potter collection of manuscripts and a reconstructed living room from his childhood home in the Forest of Dean.
A Victorian school-room brought to life by lessons given by a Victorian school mistress
A traditional Forester’s cottage and cottage garden.
A five-acre site with outdoor exhibits and woodland trails specifically designed for children, such as our Gruffalo trail featuring larger-than-life carved wooden Gruffalos, foxes, owls and snakes.
WW1 trenches used to bring war experiences to life, especially for historical education days for schools.
A children’s playground.
A working mill waterwheel demonstrating eco-generation of electric power.
An annual three-day traditional charcoal burn in our charcoal burners’ camp.
Demonstrations of chainsaw carving.
A café and a shop which includes space where local artisans can sell their work.
Enjoyment of the DHC’s beautiful forest location

Page 1

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Throughout 2024, the Trustees and Members of the Dean Heritage Museum Trust Centre, and staff of the Dean Heritage Centre (DHC) have worked to make the organisation financially stable and develop the museum as an asset for the local area. Like many other local tourist venues, it has been a challenge to return the visitor numbers to pre-pandemic levels, however, a number of new initiatives have been introduced, including a retail project, called Inspired by the Forest, which engages with local artists in designing and marketing products that can be sold at retail outlets throughout the region.

The Coffee Shop continues to be our main source of income and the team has successfully introduced a variety of imaginative events to attract new customers. The shop sales have increased, with a much more coherent and targeted range of items, that showcase the Forest of Dean and its authors and artists. Schools, both local and regional, continue to bring groups to the DHC, where the children can learn about the local nature, history and culture.

In December 2024, we received information that the DHC had received a significant grant from the National Lottery Heritage Fund (NLHF) that will provide the financial support to research new business opportunities; carry out investigations on the site for future new construction work; carry out audience development surveys and work with local schools on trial educational projects. The results of this work will allow us to make a larger NLHF grant application in order to carry out major development work on DHC.

This year, our 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, called the Forest of Dean Writers’ Collection. The project has been successful in locating, collecting and cataloguing 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. The number of donated items has far exceeded expectations and the project manager has used some of the donations to work on literary projects with local schools.

A committee to research the installation of solar panels on the Coffee Shop/Library roof was formed. It was hoped that we could obtain a grant to reduce the cost of this installation. This will not only reduce electricity costs, but also demonstrate to visitors how renewable energy can be used to reduce dependence on fossil fuels.

The Trustees have a range of experiences and knowledge that they use to support the dedicated staff and volunteers in their work, as well as formulate strategies and explore business models that will ensure a sustainable financial future.

Iain Baird Chair of the Board of Trustees

Page 2

DEAN HERITAGE MUSEUM TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

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

R I Baird – Chair , Retired Education Consultant A J Breton – Vice Chair and Treasurer , Retired Company Director

T F Cotterell – Secretary , Geologist C M Miles – Retired Commercial Director S C Phelps – Farmer and District Councillor M Rowlands – Senior Content Designer M Munro – Museum Curator (appointed May 2024) P A Smith – Commercial Director N Goodison – Finance Director (resigned April 2024)

Independent Examiner

K D N De Silva Centora James Limited

Approved by order of the board of trustees on 30 October 2025 and signed on its behalf by:

alison breton

…………………………………………… alison breton (Oct 31, 2025 09:55:10 GMT) 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 2024.

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:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; 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 as part of an independent examination; or
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

The Association of Chartered Certified Accountants

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

Date:31 October 2025

Page 4

DEAN HERITAGE MUSEUM TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 250,181 Charitable activities 5 Operation of Heritage Centre - Admissions & Season Tickets 82,968 AIM Sustainability - Playground Project - Steps to Sustainability - Other trading activities 3 231,351 Investment income 4 20,076 Other income 1,830 Total 586,406 EXPENDITURE ON Raising funds 79,512 Charitable activities 6 Operation of Heritage Centre 94,180 Direct Costs 10,263 Staff Costs 273,530 Project Expenditure 926 Total 458,411 NET INCOME 127,995 RECONCILIATION OF FUNDS Total funds brought forward 338,709 TOTAL FUNDS CARRIED FORWARD 466,704	31.12.24 31.12.23 Restricted Total Total funds funds funds £ £ £ 16,207 266,388 262,966 - - 1,000 - 82,968 66,003 - - 3,423 - - 5,000 - - 11,100 - 231,351 185,212 - 20,076 19,248 - 1,830 1,806 16,207 602,613 555,758 - 79,512 71,143 11,233 105,413 105,400 - 10,263 11,903 - 273,530 234,626 - 926 20,476 11,233 469,644 443,548 4,974 132,969 112,210 376,345 715,054 602,844 381,319 848,023 715,054	31.12.24 31.12.23 Restricted Total Total funds funds funds £ £ £ 16,207 266,388 262,966 - - 1,000 - 82,968 66,003 - - 3,423 - - 5,000 - - 11,100 - 231,351 185,212 - 20,076 19,248 - 1,830 1,806 16,207 602,613 555,758 - 79,512 71,143 11,233 105,413 105,400 - 10,263 11,903 - 273,530 234,626 - 926 20,476 11,233 469,644 443,548 4,974 132,969 112,210 376,345 715,054 602,844 381,319 848,023 715,054
		555,758
		71,143 105,400 11,903 234,626 20,476
		443,548
		112,210 602,844
		715,054

The notes form part of these financial statements

Page 5

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET 31 DECEMBER 2024

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 £ 15,723 - - 15,723 7,548 6,451 463,677 477,676 (24,613) 453,063 468,786 (2,083) 466,703	Restricted funds £ 302,989 2,971 - 305,960 - - 75,360 75,360 - 75,360 381,320 - 381,320	31.12.24 Total funds £ 318,712 2,971 - 321,683 7,548 6,451 539,037 553,036 (24,613) 528,423 850,106 (2,083) 848,023 466,703 381,320 848,023	31.12.23 Total funds £ 318,006 2,971 500,000
				820,977 4,831 1,385 166,021
				172,237 (271,077)
				(98,840)
				722,137 (7,083)
				715,054
				338,709 376,345
				715,054

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 6

DEAN HERITAGE MUSEUM TRUST

BALANCE SHEET - continued 31 DECEMBER 2024

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 2025 and were signed on its behalf by:

alison breton

alison breton (Oct 31, 2025 09:55:10 GMT)

……………………………………………

A J Breton - Trustee

The notes form part of these financial statements

Page 7

DEAN HERITAGE MUSEUM TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

		31.12.24	31.12.23
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	(141,354)	(157,530)
Other Adjustments		8,393	6,085
Net cash used in operating activities		(132,961)	(151,445)
Cash flows from investing activities
Purchase of tangible fixed assets		(14,099)	(775)
Sale of fixed asset investments		500,000	-
Interest received		20,076	19,248
Net cash provided by investing activities		505,977	18,473

Change in cash and cash equivalents in the
reporting period		373,016	(132,972)
Cash and cash equivalents at the beginning of the
reporting period		166,021	298,993
Cash and cash equivalents at the end of the
reporting period		539,037	166,021

The notes form part of these financial statements

Page 8

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

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

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
	31.12.24	31.12.23
	£	£
Net income for the reporting period (as per the Statement of Financial Activities)	132,969	112,210
Adjustments for:
Interest received	(20,076)	(19,248)
(Increase)/decrease in stocks	(2,717)	578
Increase in debtors	(5,066)	(199)
Decrease in creditors	(246,464)	(250,871)
Net cash used in operations	(141,354)	(157,530)

2. ANALYSIS OF CHANGES IN NET FUNDS

	At 1.1.24	Cash flow	At 31.12.24
	£	£	£
Net cash
Cash at bank and in hand	166,021	373,016	539,037
	166,021	373,016	539,037
Debt
Debts falling due within 1 year	(5,000)	-	(5,000)
Debts falling due after 1 year	(7,083)	5,000	(2,083)
	(12,083)	5,000	(7,083)
Total	153,938	378,016	531,954

The notes form part of these financial statements

Page 9

DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Voluntary change in presentation

The Trustees have determined that project expenditure should be presented separately from other direct costs to provide greater transparency in the financial statements.

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...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2.	DONATIONS AND LEGACIES
			31.12.24	31.12.23
			£	£
	Gifts		16,388	12,966
	Legacies		250,000	250,000
			266,388	262,966
3.	OTHER TRADING ACTIVITIES
			31.12.24	31.12.23
			£	£
	Shop income		39,434	31,806
	Café sales		183,267	141,230
	Other sales		8,650	12,176
			231,351	185,212
4.	INVESTMENT INCOME
			31.12.24	31.12.23
			£	£
	Deposit account interest		2,384	3,748
	Fixed rate bond interest		17,692	15,500
			20,076	19,248
5.	INCOME FROM CHARITABLE ACTIVITIES
			31.12.24	31.12.23
		Activity	£	£
	Admissions	Admissions & Season Tickets	71,554	64,453
	Activities & courses	Admissions & Season Tickets	11,414	1,550
	Grants	Operation of Heritage Centre	-	1,000
	Grants	AIM Sustainability	-	3,423
	Grants	Playground Project	-	5,000
	Grants	Steps to Sustainability	-	11,100
			82,968	86,526
6.	CHARITABLE ACTIVITIES COSTS
				Direct
				Costs
				£
	Operation of Heritage Centre			105,413
	Direct Costs			10,263
	Staff Costs			273,530
	Project Expenditure			926
				390,132

continued...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. NET INCOME/(EXPENDITURE)

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

	31.12.24	31.12.23
	£	£
Depreciation - owned assets	13,393	11,085

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

9. STAFF COSTS

STAFF COSTS
	31.12.24	31.12.23
	£	£
Wages and salaries	261,370	227,023
Social security costs	8,495	4,625
Other pension costs	3,665	2,978
	273,530	234,626
The average monthly number of employees during the year was as follows:
	31.12.24	31.12.23
Employees	29	30

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

continued...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. TANGIBLE FIXED ASSETS

COST At 1 January 2024 Additions At 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 11. HERITAGE ASSETS MARKET VALUE At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 12. FIXED ASSET INVESTMENTS Investments (neither listed nor unlisted) were as follows: Fixed rate bonds There were no investment assets outside the UK. 13. STOCKS Finished goods	Fixtures Freehold Plant and and property machinery fittings Totals £ £ £ £ 495,378 27,144 179,181 701,703 - 10,981 3,118 14,099 495,378 38,125 182,299 715,802 188,565 26,522 168,610 383,697 9,738 942 2,713 13,393 198,303 27,464 171,323 397,090 297,075 10,661 10,976 318,712 306,813 622 10,571 318,006 Total £ 2,971 2,971 2,971 31.12.24 31.12.23 £ £ - 500,000 31.12.24 31.12.23 £ £ 7,548 4,831	Totals £ 701,703 14,099	Totals £ 701,703 14,099
		715,802
		383,697 13,393
		397,090
		318,712
		318,006
			Total £ 2,971
			2,971
			2,971

continued...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.24	31.12.23
		£	£
	Trade debtors	5,622	301
	Other debtors	-	203
	Prepayments	829	881
		6,451	1,385
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.12.24	31.12.23
		£	£
	Other loans (see note 17)	5,000	5,000
	Trade creditors	4,180	2,633
	Social security and other taxes	3,658	3,571
	Pensions payable	815	814
	VAT	6,993	5,378
	Credit card	555	351
	Credit card 2	82	-
	Accruals and deferred income	-	250,000
	Accrued expenses	3,330	3,330
		24,613	271,077
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		31.12.24	31.12.23
		£	£
	Other loans (see note 17)	2,083	7,083
17.	LOANS
	An analysis of the maturity of loans is given below:
		31.12.24	31.12.23
		£	£
	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	2,083	7,083

continued...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

18. MOVEMENT IN FUNDS

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	Net movement At At 1.1.24 in funds 31.12.24 £ £ £ 338,709 127,995 466,704 376,345 4,974 381,319 715,054 132,969 848,023 Incoming Resources Movement resources expended in funds £ £ £ 586,406 (458,411) 127,995 16,207 (11,233) 4,974 602,613 (469,644) 132,969
		132,969

continued...

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DEAN HERITAGE MUSEUM TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds Operation of heritage centre Restricted funds Operation of heritage centre TOTAL FUNDS 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	Net movement At At 1.1.23 in funds 31.12.23 £ £ £ 249,349 89,360 338,709 353,495 22,850 376,345 602,844 112,210 715,054 Incoming Resources Movement resources expended in funds £ £ £ 522,347 (432,987) 89,360 33,411 (10,561) 22,850 555,758 (443,548) 112,210	Net movement At At 1.1.23 in funds 31.12.23 £ £ £ 249,349 89,360 338,709 353,495 22,850 376,345 602,844 112,210 715,054 Incoming Resources Movement resources expended in funds £ £ £ 522,347 (432,987) 89,360 33,411 (10,561) 22,850 555,758 (443,548) 112,210
		112,210

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

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DEAN HERITAGE MUSEUM TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
	31.12.24	31.12.23
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Gifts	16,388	12,966
Legacies	250,000	250,000
	266,388	262,966
Other trading activities
Shop income	39,434	31,806
Café sales	183,267	141,230
Other sales	8,650	12,176
	231,351	185,212
Investment income
Deposit account interest	2,384	3,748
Fixed rate bond interest	17,692	15,500
	20,076	19,248
Charitable activities
Grants	-	20,523
Admissions	71,554	64,453
Activities & courses	11,414	1,550
	82,968	86,526
Other income
Electricity income	1,830	1,806
Total incoming resources	602,613	555,758
EXPENDITURE
Other trading activities
Opening stock	4,831	5,409
Purchases	82,154	70,565
Bad debts	75	-
Closing stock	(7,548)	(4,831)
	79,512	71,143

This page does not form part of the statutory financial statements

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DEAN HERITAGE MUSEUM TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
	31.12.24	31.12.23
	£	£
Charitable activities
Wages	261,370	227,023
Social security	8,495	4,625
Pensions	3,665	2,978
Direct costs	10,263	11,903
Support costs	102,892	105,400
DHC site maintenance	2,521	-
DHC project expenditure	926	20,476
	390,132	372,405
Total resources expended	469,644	443,548
Net income	132,969	112,210

This page does not form part of the statutory financial statements

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