Annual Report
and
Financial Statements
of the
Dunwich Reading Room and Museum Charity
Registered charity number 310305
St James Street
Dunwich
Saxmundham
Suffolk
IP17 3DT
For the year ended 31 March 2024
Prepared on accruals accounting basis

DUNWICH READING ROOM AND MUSEUM CHARITY
Registered Charity No. 310305
Accredited Museum No. 592
Principal Address:
Dunwich Museum
St James Street
Dunwich
Saxmundham
Suffolk
IP17 3DT
Trustees:
Matthew Salusbury (Chairman)
Katharine Chant (Curator)
John Cary (Treasurer)
David Cook
Susanne Hardy
Prof. David Sear
Caroline Gay Way
Independent Examiners:
Ensors
Blyth House
Rendham Road
Saxmundham
Suffolk
IP17 1WA
Bankers..
Barclays
Waveney Valley
23 New Market
Beccles
NR34 9HD
Solicitors..
Nicholsons
23 Alexandra Road
Lowestoft
NR32 1 PP

DUNWICH READING ROOM AND MUSEUM CHARITY
For the year ended 31 March 2024
INDEX
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-13

DUNWICH READING ROOM AND MUSEUM CHARITY
TRUSTEES, ANNUAL REPORT
For the year ended 31 March 2024
Chairman's report
From a purely organisational point of view the charity continued to work towards its
transition to the new CIO charity "The Dunwich Community Heritage Centre" (DCHC)
which was now up and running with its own bank account. Otherwise day to day income
and expenditure continued to be channelled through the existing 'Dunwich Reading Room &
Museum, (DRRM).
However, at the year end. we cleared out all creditors and debtors and a stop to all future
transactions through the charity accounts. After 31st March 2024, all transactions,
including those running through the Barclays bank account will be accounted for in DCHC.
This means that after 72 years or so, this will be the last set of accounts for DRRM. AII
other assets will now be accounted for in the accounts of DCHC. At the end of this period,
we were preparing for a community launch event for the new member-lead DCHC charity,
scheduled for 20 April 2024 and had appointed a Membership Secretary and a Heritage
Consultant, the latter tasked with organising a series of consultation events with the village
community.
During the year we achieved the following.. we put together a Dunwich Museum exhibition
on pilgrimage and pilgrim badges in Dunwich, with mutual loans of exhibits arranged with
Moyse's Hall Museum, which was ready to open immediately after the end of this period.
The digitisation and cataloguing of the recently-acquired Dowcra Collection of magic lantern
slides was begun, to continue into the next year with funding secured from the National
Heritage Lottery Fund (NHLF).
The Chronicles of Dunwich programme of family-friendly environmental and heritage events
continued throughout this period in partnership with Art Branches and the Dunwich Greyfriars
Trust, including many events in the winter
among them an All Hallows torchlit walk.
This well-attended programme of events will continue as part of the NHLF Dunwich Museum
The Way FoNard project as part of the activities of the new DCHC into the next year
which have already been planned. 207 children came to Dunwich Museum on school visits
in this period.
We developed plans for the development of a more inviting, sustainable space in our
Reading Room which will be advanced by the new DCHC charity and our Chair and Manager
attended training as part of our Museums Association accreditation.
Matthew Salusbury
Chair of the Trustees, Dunwich Reading Room and Museum charity
January 2025

DUNWICH READING ROOM AND MUSEUM CHARITY
TRUSTEES, ANNUAL REPORT (CONTINUED)
For the year ended 31 March 2024
Aims and objectives
reading room, library or lecture room for the education, recreation, entertainment or
otherwise as may be found expedient forthe benefit of the inhabitants of the parish of Dunwich.
Structure, governance and management
Governin
document
The charity is controlled by its governing document. its Constitution, and constitutes an
unincorporated charity, registered with The Charity Commission.
The charity is managed by its trustees who are appointed from the local community with
interest in preservation of the history of the surrounding area or through professional
background and experience. The trustees meet regularly. usually bi-monthly, at the charity's
premises.
Trustees
Matthew Salusbury (Chairman)
Katharine Chant (Curator)
John Cary (Treasurer)
David Cook
Susanne Hardy
Prof. David Sears
Caroline Gay Way
Princi
al sub-contracto
Jane Hamilton (Manager)
Sarah Peel (Assistant Manager)
Timothy Holt-wilson (Archivist)
Ann Donnachie (Financial Controller)
Financial review
The total income for the year was £49,199 compared to the previous 15 month period of
£50,926. The total expenditure for the year was £39,992 compared to the previous 15 month
period of £57,590.
Thère was a net surplus for the year of £9,207 before any unrecognised gainlloss movement
on investments. The overall net movement after accounting for the net unrecognised gain on
investments of £11,854 was a net movement of £21,061 (2023.. loss of £(15,985)).
The overall funds of the charity as at 31 March 2024 are £424.902 after accounting for the net
movement of the year as above (2023: £424,841). The total funds include a restricted fund in
respect of the Reading Room Building Fund of £1,000 as at 31 March 2024. The funds are
represented by fixed assets of £254,978, investments held with CCLA in COIF Investment
Fund of £127,294, cash at bank of £36,058, stock of £7,424 and net creditors of £852.

DUNWICH READING ROOM AND MUSEUM CHARITY
TRUSTEES, ANNUAL REPORT (CONTINUED)
For the year ended 31 March 2024
Funds
Funds are divided into Unrestricted and Restricted.
Unrestricted Funds
The Constitution does not stipulate how unrestricted funds are divided up. It is the trustees
wish that the general fund be divided into several designated funds to provide for future
requirements by the institution-
Capital Fund..
Reflects the current value of property and equipment fixed
assets including any depreciation to date
An allowance for future spending on major repairs and capital
renewals of the building structure and equipment
Future Development Fund An amount set aside for major new developments such as the
complete refurbishment of the Reading Room and a re-fit of the
museum at some unspecified future date
An amount set aside to allow for the purchase of objects
deemed important to add to the collection.
The amount of over-all carried forward surplus which is not
accounted for in the other funds.
Fabric Fund
Acquisitions Fund
General Fund
Each one of these funds is reviewed by the trustees each year to ascertain whether the
amounts are sufficient or in excess, and rebalanced as required.
Restricted Funds
There is no stipulation in the Constitution to provide or use restricted funds. Restricted funds
are used to 'ring-fence' specific project related funding provided by donors or grantors, so that
a proper account can be kept of the expenditure against the funding provided. Once the project
is completed and approved, any surplus or loss is transferred lo or from the general
Unrestricted fund. Restricted funds can be carried across a year end.
Reserves policy
The trustees regularly review the reserves of the charity and with investments of just over
£127.000 and cash at bank of £35,978, there is considered adequate funds for the operation
of the museum for the next year ahead.
INVESTMENT POLICY
Surplus resources in the current bank account(s) will be transferred to a deposit account
managed by Churches Charities and Local Authorities Investment Management (CCLA) andl
or into one of their COIF funds to generate income or grow in value. The amount kept in the
deposit account will vary according to current interest rates offered but will be at any one time
between the equivalent of 6 months or a full year's turnover. Disinvestment will Occur if funds
are required to subsidise losses or for a specific project.

DUNWICH READING ROOM AND MUSEUM CHARITY
TRUSTEES, ANNUAL REPORT (CONTINUED)
For the year ended 31 March 2024
The movement of funds between accounts will be determined by the financial controller and
approved by one other trustee. Investment decisions will be reported to the board of trustees
at the next available meeting.
Risk assessment
During the year. the charity trustees carried out a detailed review of its charitable activities and
in that process assessed the potential for risks to the charity. As part of this process, the charity
has a risk management strategy which covers:
1, Financial Risks: this is the most common risk to be managed through budgeting,
internal audit and proper financial procedures.
2. Reputational Risk: this would be unwelcome publicity which hinders the mission of the
museum.
3, Statutory and legal requirements to cover health and safety, employment law,
safeguarding and associated difficulties which could lead to compensation claims.
4. Operational Risk.. threats to the ability of the museum to deliver its objectives.
The implementation of procedures designed to minimise any potantial impact on the charity
should any of those risks materialise, is documented with policies in place for Complaints,
Data Protection, Health and Safety, School Safety, Access, Environmental Sustainability,
Collections Development.
Risk assessments exist for the museum buildings and facilities.
Approved on behalf of the Board of Trustees
(Chairman)
23rd January 2025

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF DUNWICH READING
ROOM AND MUSEUM CHARITY FOR THE YEAR ENDED 31 MARCH 2024
I report to the members on my examination of the accounts of the Dunwich Reading Room
and Museum Charity for the year ended 31 March 2024, which are set out on pages 6 to 13.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination which gives me cause to believe that. in any
material respect..
the accounting records were not kept in accordance with section 130 of the Act. or
the accounts did not accord with those accounting records., or
the accounts did not comply with the applicable accounting requirements concerning
the form and contents of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 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.
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.
Carl Page FCCA
Ensors Accountants LLP
Member of the Institute of Chartered Accountants in England and Wales (ICAEW)
Blyth House
Rendham Road
Saxmundham
Suffolk
IP17 1WA
Dated.. 24th January 2025

THE DUNWICH READING ROOM AND MUSEUM
STATEMENT OF FINANCIAL AcfiviTIES
For the year ended 31 March 2024
2024
Total
2023
Total
Unrestricted Desi
nated Restricted
Note
Income from charitable activities
Soles.-
Shop sales
School visits
TV rights
Reading room hire
19.549
66
19,549
66
20,396
366
167
682
613
613
Voluntary Income
Donations
Treasure chest
Grants
Gift Aid reclaimable
16,842
3,284
3,350
945
1,000
17,842
3,284
3,350
945
18,923
2,548
2,700
2,071
Investment income
3,550
3,550
3.073
Total income
48,199
1,000
49,199
50,926
Expenditure on charitable activities
Shop costs
Staff and premises costs
Management and administration
Depreciation
9,613
24,106
6,012
261
9,613
24,106
6,012
261
11.422
30,577
15,256
335
Total expenditure
39,992
39,992
57,590
Net incoming resources
8,207
1,000
9,207
{6,6641
Transfers
Gross transfers between funds
Other recognised gains/(lossesl
Unrealised gains/llosses} on investments
11,854
11,854
19,3211
Net movement in funds
20,061
1,000
21,061
(15.9851
Total funds brought forward
As at l April 2023
Transfer to Dunwich Community
Heritage Centre
Total funds carried forward
As at 31 March 2024
42,595
121.000}
382,246
424,841
(21,0001
440,826
41,656
382,246
1,000 424,902
424,841

THE DUNWICH READING ROOM AND MUSEUM
BALANCE SHEET
As at 31 March 2024
2024
2023
Note
Fixed Assets
Tangible fixed assets (at NBV)
Investments
254,978
127,294
382,272
255,239
115,440
370,679
Current Assets
Stock
Debtors and prepayments
Cash at bank
Cash on deposit
Cash in hand
7,424
6,556
2,406
17,023
30,093
80
56,158
2,334
33.644
80
43,482
Current Liabilities
Creditors - amounts falling due in one year
1852}
(1,9961
Net Current Assets
42,630
54.162
Total Net Assets
424.902
424,841
Represented by:
Funds
Unrestricted
General reserve
io
41,656
42,595
Designated
Capital fund
Fabric & building repair5 fund
Future development fund
Acquisitions fund
247,246
25,000
loo,000
10,000
247,246
25,000
loo,000
10,000
Restricted
Reading Room Building
Heritage Lottery Fund
1,000
424,902
424,841
Approved by the Board ofTrustees on .....23rd January 2025....-.
and signed on its behalf
Matt Salusbury
Chairman
john Carv
Treasurer

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
I ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice and in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFR51021 issued on 16 July 2014 and the Charities Act 2011.
In preparing the accounts. the trustees have considered whether in applying the accounting policies
required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No
restatements were required.
The charity constitutes a public benefit entity as defined by FRS 102.
Preparation of accounts on a going concern basis
The assessment of the trustees is that the charity is a going concern.
Incoming resources
All incoming resources a re included on the Statement of Financial Activities when tha charity has
sufficient certainty that receipt of the income is probable and the amount can be measured reliably.
Income from investments is included on an accrual basis for the period which the income relates.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the Trustee's
Annual Report.
Outgoing resources
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party. It has been classified under headings that aggregate all costs related to that category. Where
costs cannot be directly attributed to particular headings they have been allocated on a basis consistent
with the use of resources. The charity is not registered for VAT and accordingly expenditure is shown
gross of irrecoverable VAT. Grants offered subject to conditions which have not been met at the year end
date are noted as commitment but not accrued as expenditure.
Tangible fixed assets
An asset is capitalised if costing more than £500. Depreciation is provided at these annual rates in order
to write off the cost les5 residual value of each asset over its estimated usef u I life.
Land and buildings
Oyo Straight line basis,
Temporary buildings
IO% straight line basis
Plant and machinery
200A straight line basis
Fixture5 & fittings
20% straight line basis
Investments
Investments are stated at market value at the balance sheet date. The statement of financial activities
includes the net gains and losses arising on the revaluations throughout the year.
Stock
Stocks are valued at the lower of cost or market value.
Taxation
The charity is exempt from tax on its charitable activities.

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
I ACCOUNTING POLICIES (CONTD)
Fund accountin8
General funds are unrestricted fund5 which are available for use at the discretion of the Trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The
aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors, or
which have been raised by the charity for a particular purpose, or which are imposed by the scheme which governs
the charity, The cost of raising and administering such funds is charged against the specific fund. The aim and use of
each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
2 INCOMING RESOURCES
2024
Total
2023
Total
U nrestricted Desi
nated Restricted
Income from charitable activities
Sales
Shop sales
School visits
TV rights
Reading room hire
19,549
66
19,549
66
20,396
366
167
682
21,611
613
20,228
613
20,228
Voluntory Income
Donations
Donations eligible for gift aid
Treasure chest
Grants
15,450
1.392
3.284
3,350
1,000
16,450
1,392
3,284
3,350
16,851
2,072
2,548
1,500
1,200
2,071
26,242
DTh
Share Museums East
Gift Aid reclaimable
945
24,421
945
25,421
1,000
Investment income
COIF interest
COIF dividends
1,502
2,048
3,550
1,502
2,048
3,550
517
2,556
3,073
Total income
48,199
1,000
49,199
50,926

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
3 INCOMING RESOURCES
2024
Total
2023
Total
Unrestricted Desi
nated Restricted
Expenditure on charitable activities
Shop costs
Trading shop costs
Distribution shop costs
9,613
9,613
11,422
9,613
9,613
11,422
Staff ond premises costs
Managers
Business rates
Insurance
Utilities
Cleaning
Repairs and renewals (Museum}
Repairs and renewals (Reading Room)
Security and fire prevention
Exhibitions and activities
15,358
81
2,056
2,347
819
1,782
955
708
15,358
81
2,056
2,347
819
1,782
955
708
17,702
210
1.895
4,160
1,398
1,356
585
1,621
1,650
30,577
24,106
24,106
Mt7nogement and odministrGtion
Office expenses
Telehone and internet
Subscriptions
General expenses
Advertlsing and marketing
Archive and curatorial expenses
Education and activities
Bookkeeping fees
Independent examination fee
Professional fees
926
447
407
926
447
1,137
496
416
407
335
445
175
847
987
1,443
6,012
335
445
175
847
987
1.443
6,012
1,367
1,402
660
675
9,103
15,256
Depreciation
Depreciation
261
261
261
261
335
335
Total expenditure
39,992
39,992
57.590
4 TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the prior year
ended 31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 other than reimbursement of charity
expenditure paid personally nor for the prior year ended 31 March 2023.
io

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
5 STAFF COSTS
There were no direct staff costs for the year ended 31 March 2024 nor for the prior year ended 31 March
2023. The managerial positions are fulfilled under freelance working.
6 TANGIBLE FIXED ASSETS
Museum
Plant &
machine
Fixtures &
Buildin
s contents
Total
Cost
At l April 2023 and 31 March 2024
203,801
80,000
1,908
1,183 286,892
Depreciation
At l April 2023
Charged in year
At 31 March 2024
28,823
1,647
261
1,183
31,653
261
31,914
28,823
1,908
1,183
Net book value
At 31 March 2024
174,978
80,000
254,978
At 31 March 2023
174,978
80,000
261
255,239
7 FIXED ASSET INVESTMENTS
COIF
Income
Shares
COIF
Accumulation
Shares
Total
Market value
At l April 2023
Additions
Disposals
Net gain/loss on annual revaluation
70,426
45,014 115,440
6,375
5,479
11,854
At 31 March 2024
76,801
50,493 127,294
8 DEBTORS
Unrestricted Restricted
Funds
Funds
2024
2024
Total
2024
2023
Gift Aid pending
Prepayments
2,071
335
2,406
li

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
9 CREDITORS
Unrestricted Restricted
Funds
Funds
2024
2024
Total
2024
2023
Trade creditors
Accrued expenses
1.321
675
852
852
852
852
1.996
10 MOVEMENT IIY FUNDS
Balance
fwd
2023
Balance
Net
movements Transfer5
2024
Unrestricted funds
General Reserve
Ca pital Fu nd
Fabric & Building Repairs Fund
Future Development Fund
Acquisitions Fund
42,595
247,246
25,000
loo,000
10.000
20,061
121,0001
41,656
247,246
25,000
ioo.ooo
10,000
424,841
20,061
121.0001 423,902
Restricted Funds
Reading Room Building
1,000
1,000
TOTAL FUNDS
424,841
{21,0001 424.902
Net movement in funds, included in the above are as follows...
Incomin
Resources
ended
Gains and Movement
losses
in funds
resources
ex
Unrestricted funds
General Reserve
Capital Fund
Fabric & Building Repairs Fund
Future Development Fund
Acquisitions Fund
48,199
39,992
11,854
20,061
48,199
39,992
11,854
20,061
Restricted Funds
Reading Room Building
1,000
1,000
1,000
1,000
12

THE DUNWICH READING ROOM AND MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
11 RECONCILIATION OF FUNDS TO ASSETS
Tan
Fixed
Assets
Fixed
Asset
Investments
Net
Current
A55ets
Total
Fund5
2024
Total
Funds
2023
Vnrestricted Funds
General Reserve
Designated Funds
Capital Fund
Fabric & Building Repairs Fund
Future Development Fund
Acquisitions Fund
7,732
17,294
16,630
41,656
42,595
247,246
247,246
25,000
loo,000
10,000
247,246
25,000
loo,000
10,000
25,000
loo,000
10,000
254,978
127,294
41,630
423,902
424,841
Restricted Funds
Reading Room Building
1,000
1,000
1.000
1,000
TOTAL FUNDS
254,978
127,294
42,630
424,902
424,841
13