2023-04-05-accounts

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Charity Number 306633

Brixham Heritage Museum and History Society

Accounts For the year ended 5 April 2023

Brixham Heritage Museum and History Society

For the Year Ended 5 April 2023

Contents
	Page
Report of the Trustees	1-2
Reports from the museum	3-6
Independent Examiners Report	7
Receipts and Payments Account	8
Statement of Assets and Liabilities	9
Notes to the Accounts	10

Brixham Heritage Museum and History Society Report of the Trustees For the Year Ended 5 April 2023

The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' 2015.

Reference and Administrative Details

Registered Charity number

306633

Principal address

The Old Police Station Bolton Cross Brixham Devon TQ5 8LZ

Trustees

Mr S Webb Chair Mr G R Gardner Mrs O Farnham Mrs M D Smee

Independent examiner

Accounting 4 Everything SW Limited 13 Hyde Road Paignton Devon TQ4 5BW

Page 1

Brixham Heritage Museum and History Society Report of the Trustees For the Year Ended 5 April 2023

Structure, Governance and Management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The recruitment and appointment of new trustees is done via election.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities

Objectives and aims

The Brixham Heritage Museum and History Society was founded for the purpose of recording saving and displaying the heritage of the historic town of Brixham and her fishing port.

Significant activities

In order to realise these objects the society carries out education and training of both children and adults, provides a community meeting place, provides information and undertakes research on arts, culture, conservation and heritage.

Financial Review

Reserves policy

Reserves from specific funds are shown separately from general reserves and are to be expended only on the for items which the money was specifically given.

Principal funding sources

Core income is provided by Torbay Council and is reviewed by them annually.

Funds held as Custodian for Others

During the year ended 5 April 2023 no assets were held by the Society as custodian trustees.

Report Approval

Approved by order of the board of trustees on ................................... and signed on its behalf by:

.............................................

Mr S Webb

Page 2

Brixham Heritage Museum and History Society Independent Examiners Report For the Year Ended 5 April 2023

I report on the accounts of the charity (number 306633) for the year ended 5 April 2023, which are set out on the following pages.

Respective responsibities of trustees and examiner

The charity's trustees are reponsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charity Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Act;
to follow procedures laid down in the General Directions given by the Charity Commission;
to state whether particular matters have come to my attention.

Basis of independent examiners statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention

1 ) which gives me reasonable cause to believe that in any material respect the requirements:

a) to keep accounting records in accordance with section 130 of the Charities Act; and

b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met. Or

2 ) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

............................................. Date 23-May-23

Accounting 4 Everything SW Limited Chartered Accountants

13 Hyde Road Paignton Devon TQ4 5BW

Page 7

Brixham Heritage Museum and History Society Revenue Account For the Year Ended 5 April 2023

----- Start of picture text -----
Unrestricted Restricted Total Total fund
funds funds funds 2022
£ £ £ £
Income
Grants 13,000 - 13,000 30,931
-
Donations, legacies and sponsors 8,913 8,913 11,713
Admissions - - - -
Sales 951 - 951 759
- - - -
Stamps
Subscriptions 565 - 565 465
Lectures - - - -
-
Family history and research 1,552 1,552 2,076
Bank interest 1,196 - 1,196 222
- - - -
Archaeology
Education 560 - 560 50
Gift Aid - - - -
Research - - - -
Other income - Insurance Claim - - - 7,503
Fundraisers 975 - 975 648
Room hire - - - -
-
27,712 27,712 54,367
Payments
-
Wages and PAYE 16,862 16,862 19,734
Utilities 5,377 - 5,377 2,344
Insurance 778 - 778 3,625
Maintenance and refurbishment 1,456 11,078 12,533 1,729
- - - -
Storage costs
- - - -
Fundraising expenses
Office expenses 2,478 3,608 6,085 2,958
Marketing and displays 838 - 838 2,886
Shop items 824 - 824 964
Cleaning 989 - 989 960
Education expenses 23 - 23 -
Affiliations 715 - 715 227
- - - -
Stamps for resale
- - - -
Archaeology
Donations - - - -
- - - -
Sundry
30,340 14,685 45,025 35,428
Asset and Investment Purchases
Equipment 615 - 615 83
Total Payments 30,955 14,685 45,640 35,510
Surplus/(Deficit) ( 3,242) ( 14,685) ( 17,928) 18,856
Transfer between funds - - - -
NET INCOME LESS EXPENDITURE ( 3,242) ( 14,685) ( 17,928) 18,856
----- End of picture text -----

Page 8

Brixham Heritage Museum and History Society Statement of Assets and Liabilities For the Year Ended 5 April 2023

----- Start of picture text -----
Unrestricted Restricted Total Total fund
funds funds funds 2022
£ £ £ £
Cash Funds
Cash account 423 - 423 423
Current account 29,385 10,472 39,857 59,297
-
Deposit account 74,714 74,714 73,539
104,522 10,472 114,994 133,258
Liabilities
Accruals 619 619 955
619 - 619 955
Net Assets less Liabilities 103,904 10,472 114,375 132,303
Capital Account
Cash and bank balances b/fwd 107,146 25,157 132,303 113,447
Excess for the year ( 3,242) ( 14,685) ( 17,928) 18,856
NET ASSETS 103,904 10,472 114,375 132,303
----- End of picture text -----

Signed ............................................. Trustee Date: Signed ............................................. Trustee Date:

Page 9

Brixham Heritage Museum and History Society Notes to the Accounts For the Year Ended 5 April 2023

1) Accounting Policies

The accounts have been prepared on the receipts and payments basis and comply with the accounting requirements of the Charities Act 2011.

The balances of a local group which raise funds in the name of the society on its behalf are not included in these accounts because the group is independently managed. Receipts from the fund raisers are included in income when received and any expenses paid by the fundraisers are also included as both the expense and a donation.

2) Fixed Assets

The society holds a lease on the museum which ends 14th July 2039. The society receives a 100% concession on rent and business rates. The building is currently insured for £1,261,025. The museum contains furniture and equipment for functional use and a collection of exhibits. The insurance value of the exhibits is currently £98,640 and general contents £35,023. Assets purchased are recorded as payments in the year of acquisition.

By definition Brixham Heritage Museum has a long term purpose and possesses permanent collections in relation to its stated objectives. The Trustees accept the principle that except for sound curatorial reasons there is a strong presumption against the disposal of any items in the museum collection.

Page 10