THE NORRIS MUSEUM Wh•r•Yer Your Curioilty T•ke% You T ELLI SLIB USE RTAN OR ENDED TERED NUMB
HE ERT ELLI IS LIBRARY AND PhUSEU ONTENTS OF THE F CIAL NT OR T DED ARCH Tru8t88'8 Annual Reporl Independent Examlnerfs Report 11 Statèm8nt of Flnanclal Actlvltles 12 Balance Sheet 13 Notes to tho Flnanclal Statements 14-18
THE NORRIS MUSEUM Whorevoi Your Cuf10sliy Takes You Herbert Ellls Norrls Llbrary and Museum Trustee's Annual Report For the Year Ending 318t March 2025 Report Contents Page Organl8atlon Slructure History and BackgrourKI Charlt8ble Obieclives Charltabla Purpose CharStable A¢tivitle8 - Collectlons Learnlng & Oulreach Community Prolects Achlevwnents and P8rformanc8 Visitor Numbers Volunteer Numbers Museum Locally and Natlonally Financlal Revlew Reserves Investments Expenditure hcome Fundralslng Trustee's Responslbllltles Statement 10 Page11
Organlsatlon Slructure For over 40 years Sl Ives Town Councll has been the sole trustee for The Herbert Ellis Norrfs Llbrary and Museum (also known as The Norrls Museum) and has demonstrated its orFgolng commitment to The Norris Museum through ils active management and provision of financial, management and human resource management and support. In particular, it manages Ihe employmenl of staff and the management of fvnds pertalning to staff related costs such as travel, and utllltles costs, offlce equSpment and ststionery. plus bulldlng repalrs and maintenance costs. Principal charlty address: Th8 Town Hall, Markel Hill. Th8 Old Riverport. St Ive8, Cambs, PE27 SAL. Charity Number: 311799 The day-tfrday management of the Trust is delegated to Ihe Norrls Museum Managemonl Group conslstlng of g elected Town Councillors and three member8 of The Frlends of The Norris Museum. The Council supported the Museum through the Huntingdon8hire'$ Herltage re-development work with match-fundlng of 8pproxlmately £45,000 (developmenl and dellvery phases) and by managing HLF Involdng and cashflow. The Norris Museum is embedded wfthln t Council's 2020-2025 Strateglo Action Plan and supports the Councll dellver on a range of objectives Includlng herltage, tourlsm, education an(1 professlonal standards, In additlon to the Huntlngdonshire's Heritage Project, the 2020-2025 Strateglc Actlon Plan Includes longer term projects such a8 SUPPOrtlng the Museum Ratlonallsatlon Programme and enabllng exploratlon of ways to make the Museum more Intellectually accesslble. To achieve Ihis plan the C<)uncll18 commltted to continuing to contrlbute to staff and bulldlng related costs, In the operation of the Twst Ihe Town Councll, when maklng decision8 as the 8018 trustee, have due regard to the Charlty Commlssion's public benefit guidance when exerdslng powers or duties to whlch the guldance Is relevant. Hl•tory and Ba¢kgA)und Opened in a purpose-built l(YAtlon In the lown of St Ive8 in 1933, its collectlons of documents, books, palnllng8, and olher Items relating lo the fomier county of Huntlngdonshire were assembled by St Ives born local amateur historian and photographer Herbert Norrls over many years. Herbert Norr16 Ilved mo81 of hls adult lrfe in Cirencester but contlnued to amass rellc$ of his home county of Huntingdonshire, with the hope that one day he would retum 10 the ¢ounty and have a museum to show his collections to the resldent8 of the area. He died in 1931 and bequeathed hls collectlon8 logether wlth the bulk of his estate to St Ives Borough Councll. Acting upon Norris, wishes, the Borough Council used the funds to IY the slte and build a museum, with some provislon for future malntenance. The 'Norrls Library and Museum Trust, was estsblished, the sole trustee being the BoUgh Council. The governlng document for the Trust is the will of Herb8rt Norrls. proved on 27 May 1931. Some of Norris, estate was used to purchase 'York House,, an early 19th century dwelling adjacent to the Museum, as an investment property. The balance was put to creatlng a portfolio of borKl8, slocks and shares, apparently wlth the Intentlon of provlding a capitsl sum whlch would provlde a regular annual income for the Museum. The Museum and House were deslgned by the Huntingdon eccleslastlcal archltect Sldney Inskip Ladds and bullt between 1931 and 1933. Insklp Ladds demolished the older maltlTrgs bulldlng that stood on the stte, but retalned Ils pllnth foundatlon, the stones of which were probably taken from the ruined Sl Ives Prlory centurles before. The Museum was officlally opened in September 1933. The collectlons 9rew steadlly, and in 1959, the old Huntlngdon Museum was closed and most of Sts collectlons were Iransferred to Tho Norris Museum. It was rt unlll the mld-1960s that a professional museum curalor was employed to look after Ihe collectlons. As a result of Local Government reorganisallon In 1974, the Museum was transferred lo St Ives Town Councll. Page12
In December 2015 the Museum closed for a period of eighteen months to undergo a complete redevelopmenl. This was funded by the Heritage Lottery Fund and by grants and donatlons. In July 2017 Dr Al8 Roberts officially reopened the Museum to the public arKI a festival weekend was held to celebrate the occasion. There has always been a pollcy of free admlsslon to the Museum. Charltabl• ObJ•ctlvo The stated objecllve of the Trust Is to provlde a Iltxary and museum for use by and for the advancement of the educatlon of the publlc, as far as posslble separate from any Ilbrary to whlch the 8tatLrtes shall apply. Charltable Purpo•e The purpose of the Norrl8 Museum Is to collecl, preseNe, document. Interpret and dlsplay materlal relatlng to the hlstory of Huntlngdonshlre. It serves lo educate, Insplre, entsrtaSn and Inform the wSdesl posslble audlence by communlcatlng the knowledge, understsndlng and enjoyment of Its collectlons. Page13
Charltable Actlvltle8 Coll•ctlon8 The Museum houses 8 collection of over 35.000 objects and cover dtfferent periods and types, Induding palaeontology, archaeology and social history. There is also an extensive and dlverse Ilbrary and archive wilh collections of printed books and pamphlets. manuscripts, maps, photographs, newspapers and newspaper cuttlngs, works of art on paper and easel paintings. The collectlons relate to the geographlcal area of what was thé County of Huntingdonshlre. The Museum collectk)ns are made up of the original Herbert Norris collection, Ilems deposlted at the Museum slnce 1931, and a large collectlon of objects from the Huntingdon Llterary and Sclentlfic Instftute, when the Huntlngdon Museum closed In 1959. The Museum's redevelopment project (2015-2017) ensured the collectlon8 are now belng stored In Ilne wlth best practlce, Includlng bespoke roller racking and better envSronmental controls an accesslblllty. The project also began process of creating a fvlly digital (and therefore easlly Searchable) Inventory of our collectlon, [ludI1}g photographing every ilem in our socSal hlstory collectlon. A full Inventory of our Ilbrary collectlon was also made. Since rePenIng a team of d8dlcated volunteer8, gulded by the Deputy Dlreclor has been finalising and ensuring the accuracy of the88 (Ilgllal records. Tha collecllon18 managed through a serles of pollcles, procedur85 and rlsk a8sessments In1Sne wlth Museum Accredltatlon Standards. Talks pro9ramm• The Museum offers a broad range of talks offered to groups and organisalions in both thelr own venue and at the Museum. The uptake for th18 programme has Increa88d year on year Slnce the pandemSc (where we offered vlrtu81 talks) and we have recently expanded the topics on offer to Include broader subject matters rooted in the Norris Museum'8 collection lo keep up wlth d8mand. Town tours programm• Town tours are offered alongslde our talks as part of group booklngs. These have been v8ry well received over the years. Wlth the retlrement of several of our volunteers who run them, we aro in the proc8s5 of recruiting new volunteer8 to refresh thls programme and looklng to run them to be bookable by individuals vi8iting the museum on 8peclal event days. In the Interlm, we offer a self- guided tour map of the town for our dayltour18t vlsltors. L•arnlng a Outr•a¢h Chlldren and Famlly Learnlng The Museum's LeaTning and Outreach programme entered a new phase in July 2024 with the retum of Ihe Learning Officer following a year of maternlty leave. The role has been restructured to 29.5 hours per week, refiecting a more suslalnable model for programme dellvery. In addStlon, a new Learning Assistant post provides one day of support per week durlng term tlme. Thls revlsed staffing slruclure allows the museum to continue delivering 8 hiqhqualily learning offer whSle ensurlng capacity for ongoing development and growth. Plannlng and Dev•lopment Following th8 Leamlng Officer's return, time was spent catching up and adjusting to the new staffing structure, reviewing priorities. and strengthening planning to ensure the learning programme Is well supported moving fonvard. The team identified a gap in provision and began creating a new serles of loan LK)xes for use by schools. home-education groups. and children's and youth organisations, extending the museum's reach to audiences unable to visit in person due to distance or transport costs. Page14
Key development prlorltles for the Current flnanclal year have included: Developlng a new school vlslt programme Incorporatlng boal trlps In partnershlp wlth the St Ives Electrlc Boat Company. Engaglng wilh teachers through a planned INSET day to strengthen relationships and gather input on fulure leaming opportunities. Continulng the creation of the loan box programme for remote leamlng audlences. Hosting a large-scale c61ebration of the river. in partnership with Holt Island Nature ReseNe, St Ives Methodist Church, and the St Ives Electric Boat Company. Reviewing and adapting the Schools, programme lo ensure sesslons can be delivered effeclively with fewer volunteers. Revlewing and updating teacher and family feedback forms, and refining methods for gatherlng verbal feedback from school children to Improve evaluation and programme development, Schoo18 The Norris Museum's schools programme offers a wlde range of curri¢ulum4inked workshops for Key Stage 1 and Key Stage 2 puplls, bringSng local history and herilage to life through hands-on, object- based learning. Topics Include Jurassic Fossils, World War Two, Romans, Toys from the Past, and more, all leveraging the museum's rich collections and local context. In 2024125, the museum engaged with 25 classes, reaching 882 children through on-site workshops and outreach. Some relatlonships required rebuilding following the Learning Officerfs malemity leave, but strong progress has been made in re4stablishing these links. Already In the currenl financial year, 24 classes have participated, putting the museum on track to exceed last yearfs engagement figures. The ongolng development of loan boxes will further extend access to schoo18, home- educatlon groups, and youth organlsatlons unable to vlslt In person, ensurlng the programme remalns Inclusive and far-reaching. Major Museum Evont8 In the years followlng the Covld-19 pandemlc, the museum has adapted Its approach to large events, respondlng lo changes in audience expectations, volunteer capacity, and financial sustainability. The focus has shlfted to a programme of dynamic, smaller, and more focused Ihemed family 8Ctivitles, workshops, and storyielllng sesslons, whlch have proven both popular and c0stffeet1Ve. Th5s shlft has allowed other areas of the learning programme to grow and flourish. In partlcular. Ihe schools programme h8s been fully redeveloped, featurin9 a set list of well-planned. resourced. and popular sessions, and the e8rly years programme has progressed with Mini Museum Explorers. providing playful, engaging experiences for nursery and reception groups. A highlight of the current financial year was the'summer on the Ouse. event, delSver8d in partnèrship wlth Holt Island Natu Reserve and the St Ives Methodist Church, which attracted over 400 attendees. The success of this event demonstrates the potential for carefully curated community activities to engage audlences and enrich the museum's learning programme. Famlly Events and Drop-ln Acllvltles The museum delivers a vibrant programme of family workshops and evenls throughout the year, Including activities during school holidays and half-term breaks. In addltlon to the above, events often feature external partrlers and a mix of themed crafts, storytelllng, and collection-based experlences, encouraging families to explore and enjoy the museum's collections logether. In 2024125, sessions included sock puppet making, a teddy bearfs picnic, mosaic and silk painting workshops. and a variety of story times. The museum also participated in the national initiative 'Heritage Open Days., welcoming new and returning visitors. Across these events, the museum engaged with almost 800 adults and children, strengthenlng community connections and inspiring curiosity about local history. Page15
Art Adventure Club The Art Adventure Club is a family art programme for ch51dren aged 11 and thelr adults, prov5dlng a welcoming, relaxed, and creative environment. Sessions encourage intergenerational creativity and explore techniques inspired by the museum's collections. The programme is volunteer-led and consistently popular, with most sessions selling out. Attendance dipped slightly during the Learning Offi¢e¢s malemty leave but has sin recovered and continues to grow. In 2024125, the club engaged 144 participants, refiecting strong community interest and sustalned Impact. Youth Group Sesslons The museum offers hands-on, engaglng sesslons for youth groups, tallored to sult groups such as Brownles, Scouis, Guldes, and community clubs. Actlvlties make use of collections and exhibitions, encouraging exploratlon through objeci handllng. storytellSng. and creative crafts. In 2024125, the museum engaged 129 chlldren through youth group sesslons. The programme contlnues to grow in popularity, helping to bulld lastlng relatlonships with local youth organisations and fosterlng curfoslty and a sense of belonglng. Mlnl Musoum Explorern The under 5s learning programme stslled during the Learning Officer's maternity leave but is now being revived and restructured as Mini Museum Explorers. brln9ing together nursery and receptlon sessions within a cohesive framework. Sessions are playful, sensory, and Creat8, story4ed, and deslgned to support early188rnlng and social development. While there are no separate engagement fureS for 2024125, plans are In place to target thls age group more directly with scheduled events and bookable sesslons. The Pfogramme links closely wlth the Loan Box Project, uslng newly created resources, and will include a "Toddler Takeover Day. later this current year, following the success of the 2023 event. Desplte challenges. Includlng 8 perlod of reduced st8fflng and pressures on volunteer avallablllty, the Norrls Museum's leamlng piogramme remains highly successful and impactful. In a period when many local mus6ums are experienclng decllnes In School vlslts due to economlc pressures. the museum continue3 to malntaln strong engagement across schools, famllles, youth groups, and early years audiences. The commltted volunteer team, one of the largesl among museums of a slmllar slze, supports a wlde range of workshops, events, arKI programmes. Across all areas of le8rnlng, the museum is achieving remarkable outcomes, ensurlng chlldren and famllle8 contlnue to enjoy hlgh- quallty, inclusive, and currlculum-llnked experlerKes. Communtty Projqcts Bookod S•88lon8 The museum offers a dlverse range of engaglng bookable sesslons, avallable both at the museum and off-site. Wa're proud to regularly deliver inspiring sessions to care homes. day cenlres, and friendship groups, includlng InteracOve object handllng and heartwarmlng remlnlscence actlvllles. These sessions create meanlngful connectlons and brlng the museum experlence dlrectly to the community. Regular Sosslons The museum proudty hosts a varlety of regular sesslons designed lo inspire creativty, connection, and communlty. These Include our popular Creatlve Café, Remlniscence at the Museum, and a welcomlng Men's Group. In addition, we're delighted to partner w5th the St Ives Dementia Group to dellver a regular off-sSte sesslon. extendlng OLtr reach and support into the wider community. Project Work The Norrls Museum Is dedicated to enrlchlng th6 Ilves of local communities through a wide rang8 of Greative and inclusive projects. Our project work focuses on using the museum's unlque colleth'ons to engage people of all ages and backgrounds, often worklng in partnership with local organisations, and community groups. These projects aim to spark curiosity, promote wellbeing. and encourage lifelong Page16
learning through hands-on experiences, storylelling, and shared memorles. We have worked ¥thI delivered to the following partners in 2024125: Men's Group Love lo move Remlnlsclng al the Museum Reminiscinglobject handling at many local Care Homes SENSE students, programme Snowman trail project Museum Takeover Day St fves Day Centre CATS Papworth RAF Remlnlscence Hunts Bllnd Society St Ives in Bloom Spring Common A¢ademy St Ives Dementia Friendly Communlty Group St Ives Town Council, advisory pa1 for older people Over the course of 2024126, th18 Strand of work engaged wilh almo813000 members of our communlty. Achlov•ments and Perfomianc• The Museum opened after Its redevelopment on 29th July 2017. Openlng hours are as follows: Monday to Saturday: 1 Oam - 4pm, year-round. The Museum ordlnarSly c108es durlng the Chrlstmas pertod, betr¢4een Chrlstmas eve, and the day following the New Yearfs Day bank holiday Durlng these times the garden, permanent gallery, exhlbltlon gallery and tollet faCIlleS are open to Ihe publlc. Vl8ltor Numbern In 2024125 June Ju Au ust tember October November December Janua Februa March Tolal 1.311 902 502 834 1,055 835 Volunteer Hourg Quantlfylng the contribution of our volunteers is always a Challeng8. as thelr support spans a wlde range of activities and fluctual85 throughout the year. From assisling with collections. school vlsits, exhlbitions, and events, to supporting outreach initiatives. their time and expertise are integral to the museum's operations. Vthile it's difficult to capture every hour they give, it's clear that their dedication underplns our ability to engage meaningfully with the local community both on-site and beyond. Based upon our on-site signing in system, we 8Stimale that in 2024125. we received approximately 3025 hour8 of volunteer support. Page17
Museum Locally and Natlonally The 2024125 financial year was a vibranl arKI impactlul period for The Norris Museum, hlghllghting ils role as a cultural hub locally whlle str8nglhenlng connections regionally and nationally. Throughout the year, exhibitions, events. and community projects demonstrated the museum's commitmenl to education, accessibility, and collections developfflent. A highlight was Ihe ongoing publlc Interest in The Muddy Hoard. which continued to attract attention and engagement throughout the year. The Muddy Hoard lecture series featured experts from the British Museum and the Portable Antiquitles Scheme, attracting audiences and generating revenue. Local history talks also flourished, reaching 375 attende88 across Iwelve events, and the programme was expanded to include a range of talks covering broader hislorlcal themes connected to local heritage and museum collectlons. Community engagem6nt remalned a ¢entral fo¢u$. In partnership wlth St Ive$ in Bloom and Spring Common, twelve students participated in a Friendship project, learning about pollinaiors, gardening, and ¢realive arts. The project culmlnated in a celebratory event in May 2025, showcaslng t1r efforts. The museum also secured fundlng to develop tactlle lours for visually Impalred vlsltors and pursued additlonal fundlng for creatlve remlnlscence sesslons In Huntingdonshlre, demonstratlng a commltment to Inclus6ve programmlng. The museum contlnued to strengthen Its reglonal and natlonal networks. Contrlbutlons to the Annual Museums Survey supported benGhmarklng ac¥oss the UK and enabled grant ellgibllSty vla Museums In Cambrldgeshlre (MIC}. Volunteer and student engagement was particularly strong. A returning volunte8r paleontology studont, supported dally operatlons, documented the fossll collectk)n, and curated a pop-up dlsplay. Their placement Included a best practlce v181t to the Sedgwlck Collectlons Research Centre, enhancing both his leaming and the museum's Collections managèmenl. The year also saw successful exhlblllons and dlsplay6. PODIUM, celebratlng sport Sn Huntlngdonshlre, was Installed In July 2024, colnoldlng wlth the Par55 Olymplcs, promollng contemporary collecting and addressing histori¢ inequities in ¢overag6 01 men's and women's sport. The Paula Amistrong Ceramlcs exhlbltlon attracted strong local engagement and posltlve feedback from exhibiting artists, generating £167 in sales and further demonslrats.ng the museum's high standard8 In dlsplay and communSty outreach. Overall. the year refiected the museum's contlnued impact locally, regionally, and nationally, through exhlbltlons, lectures, communlty projects, volunteer and student engagement, and professlonal partnershlps, enrlchlng cultural Ilfe and preservlng herllage for dlverse audlences. The museum contlnue(I to collaborale closely wSth fellow museums at local, reglonal. and natlonal levels, drawlng on peer expertlse and shared learnSng. Page18
Flnanclal Revlew Ro8orves Al tho current time the Trust does nol have a reserves policy in place. It is anticlpated that one wlll have been adopted by the end of the current Financial Year. Invo8tmont8 As part of Ihe bequest the Museum Trust has an Investment portfolio to manage which increased In valu8 by £5,036 during the financial year. York House is owned by Ihe Museum Trust. It Is rented to private indivi(luals on a 6-month tenancy ar1 benefited the Museum wilh rental income of £18,008 durlng the flnanclal year. The TNSt uses an external local management company to manage th8 tenants and any Issues they raise as well as ensurlng thal the monthly rent Is pald promptty. The Mus8um Trust paid an annual management fe8, Includlng mlnor repalrs requlred, of £3,472. Eyndltur• During th8 2024125 financlal year total expendlture was £164,919. Incom• The income recelved durlng the year was £93,271 . Of thls £42,149 as grant income towards the redevelopment and associated prohects. The Learnlng and Outreach activities contributed £10,189 In income with the remainlng comlng from small grants, donattons, Inv8stm8nts, rètail sales and York House rent. Fundralslng Throughout the year the Norrls Museum refocused on fundraislng. In lotal £52,362 was achleved In donations and successful grant appllcatlons. Page19
Tru8tw's Ro8pon8lblllllo5 Statement The trustee is responsible for preparing the Trustee's Annual Report and the financial statements in accordance wlth applicable law and United Kingdom AccA)unting Stsndards (United Kingdom Generally Accepted Accountlng Practice). The law appllcable to charltles In England & Wales requlres the truslee to prepare financial staiemènts for each flnancial year whlch give a true and fair vlew of the state of affalrs of the charlty and of the Incoming resources and appllcatlon of resources of the charlty for that perlod. In preparlng these financial stslements, the Irustee Ss requlred to: sel8Ct suitable accountlng pollcles and then apply them conslstently; obserye the method8 and prlnclples In the Charllles SORP 2019 (FRS 102>; make judgements and estimatas that ar8 rèasonable and prudent; state whether applicable accountlng starKlards have been followed. Subject to any materlal departures dl8closed and explained in the financial Statements; prepare Ihe financlal statements on the going concern basis unless il Is Inapproprfate to presume that the Gharlty wlll contSnue In operatlon. The trustee Is responslble for keeplng proper acwuntlng records that disclose with reasonable accuracy at any tlme the financlal position of the charity and enable them to 8nsure that the financlal statements comply wlth the Charities Act 2011, the Charities (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also responslble for safeguarding the assets of the charlty and hence for taklng reasonable steps for the prevention and detection of fraud and other Irregularltle8. slgned for and on b•haW of tho Tru8tae by Llbby Whlt•- Town Clork. St Ivu Town Councll Dat•d: 13 2ozs- Page110
INDEPEN ERBERT ELLI INER'S REPORT TO THE TRUSTEE OF RIS LIBRARY D MUSEUM I report to the charity Iruste8 on my examlnatlon of Ihe accounts of the charlty for the year eled 31 st March 2025 which are Set out on pages 11 to 15. R68pon8lbllltla$ and ba818 of r•port As the charitys trustee yoii are responslble for the preparalion of the accounts In accordance wllh the r8quSrements of the Charitle8 Act 2011 ('th8 Act,). I report In respect of my examlnatlon of the charws accounts ¢arrled out under sectlon 145 of the Act and In carrying out my examlnation I have followed all the appllcable Dlrections glven by the Charlty CommissSon under sectlon 145(5Xb) of the Act. Ind•p•nd•nt •x•mln•rfs statemant I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon In connection with the examlnatlon glvlng me cause to belleve that In any materfal respect: 1. accounting records were not kept In r8SP8¢t of t charlty 88 requlred by sectlon 130 of the Act; or 2. th8 accounts do not a¢¢ord wlth those record8', or 3. the accounts do nol comply th the applkable requirements co8rning the form and contenl of the accounts Set out In the Charitlès (Accounts and Reports) RegulatSon8 2008 other than any requirement that the accourbts glve a Yrue and fair vle%V whlch18 not a matter consldernd as part of an Independent examlnallon. I have no concems and have come acros8 no other matters In connectlon th the examlnatlon to whlch attentlon should be dravm in this report In order to enable a proper understsrKllng of the accounts to be reached, K F Green (FMAAT) 32a East Street St. Ives Cambs PE27 5PD Dated: IJ IiilLr Page111
HERBERT ELLIS NORRIS LIBRARY AND MUS MENT OF FINAN IAL TIES FOR THE YEAR ENDED CH2 Unrn8trlcl•d RtrIcted Endowmont Tot Funds Fund8 Funds 2025 Total 2024 INCOME SITC annual grant Other grant Incomè Outreach Incom8 Other donatlons Bank Interest & dlvldends recelved Shop sales York House income Brldgo Chapel Income Communlty room Income 33,500 1,200 10,189 10,102 8,743 3,894 18,008 111 75 33,500 34,000 8.649 10,189 10,352 10,102 2,841 8,743 8,395 3,894 6,752 18,008 16,600 111 75 7,449 110 TOTAL INCOME 93 71 EXPENDrruRE Grant expendlture SITC grant Shop purchases Other Adjustmenl to credllor posltlon 1,200 33,500 6,041 50,740 65,990 7,449 8,849 5.069 33,600 27.262 6.041 4,460 50,740 51,733 65,990 TOTAL EXPENDITURE 157471 164,919 88 523 N•t Income l (Exp•ndlturo) (71,648> (71,848) (3,814) Galn l (Lo•s) on Inv•8tm•nt A8801• 5,036 6,036 6,978 Surplu81 (Doficlt) for th• yoar {66,612) (66,612) 2.184 Accumulated Fund brought forward 327,507 327,507 325,343 Accumulated Fund carrlod forward 260 Page112
HERBERT ELLIS NORRIS LIBRARY AND MUSEUM SHEEf AS AT 31ST MARCH 2025 Unrestrfct•d Rostrlcted End¢)wment Funds Funds Funds Total 2024 Total 2023 Not• Flxed A880t8 Investrnent8 159,179 159,179 148,385 159,179 Curr•nl Assets Debtors Cesh at bank & in hand 5,626 198.133 5,626 198.133 169,909 Totsl Current A88ets 178,474 Le88 Currnnt Llabllltl•• Credltor8 due wilhln 1 year {28,901) (26,901) (1,516) Lem Non Curr0 Llabllltl•• Credltor8 due after 1 year (75,142) (75,142) N•t Currnnt A•8•t8 101,716 101716 176,958 N•t Ag8•ts 260 895 ReprM•ntod by Income Fund8 Unr•8trfcted fund8 2eo.895 260,895 325,343 Re8trlcl•d funds TOTAL 280.895 260 895 326.343 These accounts were approved by the trustee and slgned on their behalf by.. Libby White - Town Clerk. st.lves Town Councll Dated: 13 M(H£*•i6c-L ZoZ( Page113
HERBERT ELLIS NORRIS LIBRARY AND MUSEUM OTES TO THÈ UNTS FOR T 31ST MARCH 2025 ACCOUNTING POLICIES Ba818 of pr•parlng tho flnanclal statemonts The financial stalements of the charltable company. whlch is a public benefit entlty under FRS 102, have been prepared in accordance th the Charities SORP (FRS 102) 'Accounting and Reportlng by Charltles.. Statement of RecommerKled Practlce applicable to charltles preparfng th8ir accounts In accordance wlth the Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland {FRS 102) (October 2019),, Financlal Reportlng Standard 102 Yhe Flnanclal Reporting Standard appllcable in Ihé UK and Republic of Ireland, and the Charlties Act 2011. The flnan¢ial statements have been prepared under the hl8torS¢8l cost conventlon. The financlal statements are prepared on a golng concern basls under Ihe hi81orical cosl convenllon, modKled to Include certaln Item8 at falr value. The financlal statements are presented In 8lerling whlch Is tho functlonal currency of the ch8rlty and rounded to the nearest pound. The Trustees eonslder that the golng concem basis is approprlate as they conslder reserves levels arKI expected investment In¢om6 to be at suffldent levels to ensure that the Trustees can meet thelr flnancial oblSgallon8 for the nexl 12 to 18 months and, on that bas18, th6 Charlty is a golng concern, The Truste88 have laken advantsge of the followlng dlsdosure exemptSon In pr8parlng these flnenclal statements, as permltted by FRS 102: - the requirement of Sectlon 7 Statement of Ca8h Flows. Incomo All Income Is recogn18ed in th8 Statement of Flnancial Actlvltles once the charity h85 entltlemenl to the funds, It Is probable thal the Income wlll be recelved and the amount can be mea8urgd rellably. Income generated through shop sales and donatlons from vlsltors to the museum ha8 been analy3ed on a more accurate basls thls year and wlll contlnue to be golng forward. Exp•ndlturn Llabllllies are recognised a8 expendlture as soon as there Is a legal or conslwctlve obllgallon commlttlng Ihe charty to Ihat expendlture, It Is probable that a transfer of eCOrMIC benefits wll be requlred in settlement and the amount of the obllgatlon can be measured rellably. Exp6ndSture Is accounted for on an accruals basis and has been classlfled under headlngs that aggregate 811 cost relaled to Ihe category. Where cos18 cannot be dlrectly attrlbuted to parucular headlngs they have been allocated to actlvltles on a basls conslstent th the use of resources. Inv•8tm•nts Investments are included at market value at the balance sheet date. The Statement of Flnancial Actlvlties Includes the net galns and losses arlslng on revaluatlons and dlsposals throughout the year. The artefacts In th8 museum are not brought Into the accounts at cost or valuatlon because the trustees consld8r that they have no valu8 other than as part of Ihe collectlon. Fund aGGountlng Unrestrlcted funds can be used in accordance with Ihe charitable objectlves at the discretlon of the trustees. Restricted funds can only be used for particular restricted purpose8 Within the obJects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Pege114
HERBE NOTES TO THE AC LIS NORRIS LIBRARY AND MUSEUM HE YEAR E T MARCH 2 TRUSTEES. REMUNERATION AND BENEFITS There were no trustse's remuneratlon or other b8nefts for Ihe year ended 31st March 2025, nor for the year ended 31 March 2024. Tru•t•O8' •xpon80• There wer& no Irustee's expenses pald for the year 8nded 31st March 2025, nor for 2024. STAFF COSTS 2025 2024 Wages and Salaries, Includlng Employer's Nattonal Insurance a Penslon 43,505 39.748 2025 2024 The average number of employees pald dlrectly by Ihe Norrls Mu8eum was: There are 80ven addltlonal members of Staff but thelr sa18rl88 are funded by SITC. ADJUSTMENT TO CREDITOR POSITION A hi$t¢xlcal anomaly VRS Identffled and corrected on IndeperKlenl examlnatlon. INVEsfMENTS 2025 2024 COIF Ralhbones 7,870 151,309 8.255 14e,108 159,179 Durlng the year to 31 st March 2020, £1 OD,000 of the grants recelved was invested wlth Ralhbones In additon to Ihe exlsting shareholdlngs Ihat were transferred to Ralhbones on 20th December 2020. DEBTORS 2025 2024 Trade debtors Prepayments VAT 936 2,953 1,737 445 2,199 1,193 5,626 Page | 15
HERBERT ELLIS NORRIS LIBRARY AND MUSEUM OTES TO T TSFO NDED 31 025 CREDrroRS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credltors SITC Recelpt in advance Aecruals 6,396 18,786 658 1,062 3.796 33,425 858 26,901 38,673 CREDITORS FALLING DUE AFTER ONE YEAR 2025 2024 SITC MOVEMENT IN FUNDS A8at 1.4.2024 N•t movom•nt In funds A8at 31.3.2025 Unr•8trlct•d fund• 327,507 (66,612) 260,895 R•8trfcted fund8 TOTAL FUNDS Net movement In funds. Induded In tho above are a8 follow8: Incomlng mourc Ro8ourc•• •xp•nd•d Galn8 & 1088 Mov•m•nt In funds Unrn8trlcted fund8 85,822 (157,471) S,036 (66,612> Re8trlcted fund8 7,449 (7,449) TOTAL FUNDS Page | 16
Trust••'s Responslbllltlos Statemont The trustee Is responslble for preparing the Trust88's Annual Report and the financlal slalements In aCdanCe wlth applScable law and United Klngdom Accounllng Standards (Unlted Kingdom Generalty Accepted Accountlng Praclice). The law applicable to charltles Sn England & W8les requires the truste8 to prepare flnanGlal statements for each flnanclal year which glve a true and falr view of the stste of 8ffalr8 of the char5ty and of the Incoming resources and appllcatlon of resources of the charity for that perlod. In preparlng these financlal ststements, the twstee Is requlred to: select sultable 8ccountlng policies and then apply them conslstently; observe the metWs and prlnclples in Ihe Charltl88 SORP 2019 (FRS 102); make Judgements and estimates that are reasonable and prudent; state whether appllcable accounting slandards have been followed, 8ubJ8Ct to any materlal departures di8dosed and explaSned In the Ilnanclal slat6menls; prepar6 the financl81 slatements on the goirvJ concern basls unless It Is Inapproprlate to presume that the charfty wlll contlnue in operatlon. The trustee18 responslble for keeplng proper 8ccounllng recd5 that dlsc1088 with reasonable accuracy at any t6me the finarKlal posltlon of Ihe charlty and enable them to ensure that the financial statements comply wlth the Charlties Act 2011, th8 Charitlés (Accounts and Report8) Regulations 2008 and the provislons of the trust deed. They are al80 re8ponslble for s8feguardlng the assets of the charlty and herKe for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltie8. Slgn•d lor and on b•half of th• Tru•l•• by Llbby Whlte - Town Clork, St Ivm Town Councll Dat•d: Page110