**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:
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
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...
Page 10
**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...
Page 11
**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...
Page 12
**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...
Page 13
**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...
Page 14
**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...
Page 15
**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.
Page 16
**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
Page 17
**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
Page 18