REGISTERED CHARITY NUMBER: 312142 Rwrt of tbe Tntee9 and UnaudÉted Fkn4tttW ststements for Ibe Ye4r Ended JI March 2023 for The Hertford {rfty
The Hertford Mweum Ch*rfty Contents o( the Flnanclal Statements for the Year Ended 31 Marth 2023 I to 4 Independent Examlner's Report Statrmeni of Financi ActiwRtles Ba1ce Sheet to the Statejnents 8 to 18
The Hertford Museum Ctharlty ror the Year EDded 31 2023 The truste¢s pr¢sent their re[ with thc financial statcrncnts of thc ch&ity for the year ended 31 March 2(r23. The stres have adopted the provisions of Ac¢oynting and Reporting by Charitic5: Statement OE Recomrnendcd Practice applicable to charities preparing their a¢Unts in a¢cordance with the Financial ReIMKting Standard applicable in the UK and Rcpublic of Jrelaj (FRS 102) {effeciive l January 20191. Hertford Mu8eurn is a rcgistcred charity, TC8151fdtiOlI numknr 312142. It was fOrnd by a deed of gift OTJ 25 Septemb¢r 1915. The Trusl is managed by a Board of Truses and orgathise4J in accordance with its Twst Deed dafyl 30 January 1990 as amended by the schedule of 13 January 23. The Turming of the Mus¢um is del¢gat¢d to the Curator. Sara Taylor. who 0[al¢S within wiiJclin¢5 5¢t down by thc Ttustrts. Powe we a]$0 delegated to a Fjnanee and Investment Panel of Trustees to manage the a¢u)unting run by the Finanu and Administrniion Manager and investsnct)t$ through financial adviscrs in &ctsrdance with an aCed investment policy. The financia] 5taTnents have Preped in a¢¢ordance with the Trusi D¢¢d aNI 1¢yant ststutory requir¢rn¢nts. The n¢t assets of the Museurn are available and adequate to lfil its ObligatiS. The Museum ProFwty and land are vested in Hcrfford T( Council. which knlds them in Tntst for th¢ Charity. The TDJ$tees ¥Je aware of the wuuements under Thariti¢$ SORP (FRS 102) to identify and mitigate iisks fxed by the ganisation and adopiing appropriaw poli¢ies to reduceexp)sure to those risks. Pag¢ I
ThE H•rtford Muum Cbarity Report of the Trustea lor the Yev Ended 31 2023 OBJEcfivKs AND ACTIVITIES Objeetlves and aiDTrJ Hertford Musturn is ¢ornmitted ensuring the ILge of East Herttordshire is presetve4J, interpretrd and enjoyed arvj that we continue to de]iver arange of ¢ngaging pTr)grdmmes that ate va]ucd by ourconununity. With this in mind. the Trustees of HertfoTd Museum reviews IL8 Aims and Objectives on a rcgular basis. l. To pr¢vYeg iDttrpttt and dLqpltty the herltage of Herttord and wrouDdin¥ W¥t9. o Maintsin th¢ quality of collcctions and scck to impme SthEe and ¢ons¢rvation arrangements o Pres¢ni a minimum of four exhibitions per annum o Seek funding lo ¢nban¢¢ acquisitions and collection5 o Develop relatioships with surrounding parishcs o Prioritise active colleciing of mat¢rial that reflects incre&sing divenity and social change within our colln8 2. To prnvldt a quallty servke tb4t eng4gt5 wlth 4 tull ¢rowetion of the local and wlder eon)munlty o Deliver a learning prog[allne that respoDd$ ro the neS of different ages and learniDg style5 o Engage with und¢r-repre5ented and diverse alldit#tc$ o Consuli with our stakeholders and maJ(e effeciiye of wia] me41ia markcting tools available ro us in order reach across the community o Find n¢w ways to engage Volunte sup& o Respond w th¢ changing needs of our community by divcrsifying how we deliv¢r our s¢rvices 3. To be fully Snvolve4J in ¢be On-going development of Hertfort Its groyrtb w a cultTal (entr4 BDd of the wldet Mweum eoMe¢llng areo o Work with exnIal parm¢rs w d¢liv¢r ¢ommuniLy events that promote Hertford's culuwal life o Seek way5 10 ensure the Museum b¢n¢fits from Town Ccntre development o Auend loca] meetings thai promots Hertford's cultura] life To eSUre governAnce 19 of the blghest re£ieets tht Intsrests of AU stkeholder8 o Identify and tecruit trnstees a¢¢ording ¢0 the future needs of the board o Estsblish clear policie5 and documentation support effective managemcnt o Maintain Arts Council accrcditrd statu5 5. To work greaer f&ti bwlalnabluty o Impl¢rn¢nt our fundraising strategy and coniinue io g¢¢k out opporiunitie8 f income generation o Demonstrale value for moDey to all stakeholdtrs o Mana8e prom and maintcnance is5UCs in a plartned and wtKiiv¢ way Publ1¢ knefit Hertford Museum to collect. preserve gJ)d interpret evidence of the history of thc county iown and surrounding parAshes in the Distiict of East Hertfordsbire for the inres( enjoyment and understanding of the local community and oth¢r visitors. Page 2
The H¢rtford Mus¢um Charity Report of the Trustee4 for Ihe Year End1 31 Mareh 21ll3 ACHIEVEMENT AIYD PERFORMANCE Charitable activities Th¢ mus¢um built on th¢ hord work of the pr¢vious year in encouraging the return of museum visits post lockdowms. gradually neas1tjg our off¢ring of ¢v¢nts. In person visits increased by 30% to 26,041. Bxhibilions were w¢ll attend and rene¢d nol only th¢ h¢riiage olEa$t H¢rts but utilised our extensiv¢ wlle¢¢ions lo explore global themes. Phase II of Herrford Ts My Home - a projeci focus5ed on cdebrating the incteasing diversity OF the town and recording iTnIx)rtant storte5 of arriYa] - irt¢luded contriburors fleeing the war in Ukraine and tll[l¢Al exile from 'Mbabwe. Proof of thc Puddingstorte eKplored how ¢lima chang¢ is ¢vid¢n¢ed by our geologi¢aJ ¢olle¢tions and wc w0d with a range of acadcmics to investigate how seology 1$ helping fighi the¢lima 1$1$. S¢bool engagement has returned to pr¢ pandemic levels. and wc introduced a new wtFik5hop - River Towtl - based on study of the town's growth around thc four rivers at its heart. followcd by a Iwid5-on actsvity walk arouttd Hartharn and the Mead4 smdying river wildlife. We h¢ld ollr most 5UCtt&8ful Takeover Day this ye¥t, working with every child at Hertford St Andrew C of E School. Key S¢age Two sthdents developed a wellbcing trail around the rnuseum and de]ivercd the activily to Key Sts8e One. The trail is in place for Tegular visitors as a legacy of the proj¢¢L School holiday activitie5 retsuned to our usual drop in formaL but we have becn IMpd by a ¢hr4) in child1.5 activity volunteer5 IK)St pandemic. We worked with our community in delivering several ¢v¢nts, including Europeart Night of Museurns - featuring live f0nanCeS from l(u] musicians of Ewopean herige and an intergerteration band (aged 15-65) created for the evenin8 to perfornj 19605 French beat pop. The NHL funded Herttord 15 My Home proje¢l culminated in a day long f¢suval of storytelling. fo(Ml t&8ting and live perfomances of ]nu5ic representative of our ¢ODtribuiory, in¢ludit)g a W¢Jsh mal¢ voice choir, Zimbabwean songs and ululations wjd choir of Ukrainian gts. Di8ital en8agenmit has strengthened this year, with Fac¢b)ok follow¢rs increasing 30% to 2389 and YTUb¢ ¢hann¢l views up 86% to 3874. We secured match funding Irom the Arn)y Mus¢unL8 Ogilby Trust build a w¢bsitr dedicar to the story of the Hertford5hiTe Re8i]ncnt, io be knun¢hed Rem¢rnbrance Week 2023, aThd visitors io our oDlin¢ exhibition nUTnbercd 5.151. FINANCIAL REVIEW Trln4D¢i81 positig Jn 2022-23, th¢ Museum recorded a defi¢it. against a surplus in the previou5 y. Two key factors drove this chang FAr$tly, was the cessation of the additional funding provided by the gOVCrnTnent , which had been tsxgetcd to help dcal with effc&ts of the pandemic. and secondly. a positive contribution from a growth in investmettis. iurrted into a Ioss during a difftclllt period for equity and other investmcnts during 2022. These two factors x¢ounted for a swing in fimd5 of over £76k. AddiiiotLa]ly, the museum's costs base ¢ontirtued ¢0 in¢r¢ase. primarily due to salary Incre5. an incre&8e in emergy bi115. and a larger than u$ua] repair, Tcplacement and other maintenance work5 on the 4(M) year old building. D¢$pite the challeng¢5 faced the museum has seeth an increase in public footfall. irKludin8 school vis&ts. since Lhc COVID-19 pattdemic. This is ¢xp¢ctrd ¢oniinu¢ to grow, serving the community and generating further iticome. Cost pre55ure5 Continue to moutbi, itt¢ludittg the forthcoming increase in national minimum wa8c. which will affect salary Icvcls across the boaTd by CiT¢a IO%. Against this, the management team have launehed a review f(v1$8¢d on irtcrea5ing partitiyation ad generating &ddTrlional income. As part of this. the rnuseum reeeived CODfllmation of a substantial in¢rease in its core funding frorn H¢rtford Town CouDciI. which will go toward5 reducing thc dcficAL STRUCTURE. GOVERNAIYCE AIYD MANAGEMENT Governing dotwnent The charity is controlled by its governing docwnenL a deed of trust aT¥l wn5titht¢s ¥n unincorporated ChIly. Recrultment nd appo5ntment of trwtees Two tStecS are nominated by Hertford Town Council and on¢ ¢ry$t¢¢ is nominated by eh of FAst H¢rts District Council and Hertfoidsbire County Couneil. Other trustres ar¢ -0p1¢d. Pag¢ 3
The Hertford Mweuln Ch*ftty Report of the Trwtees tor the Y¢4r Ended 31 Marth 21123 REFERENCE AND ADMINIsTRAVE DETAILS 312142 PrIn1 address 18 Bull Plain HERTFORD SG14 IDT C Seward {Chair) C Geall (Viee ChaiT to Janw 2022) S Hacksha]I P Ctant S Bell (resign 1.5.23} G Sexton C St Quentin Gittitigs P Wi5bey J Perry J Sartin M Elder C Peasc {Vicc atair from January 2022) D Chichestrr-miles J PiayfaiT (appointed 30.3.23) Adam Burt ACA FCCA ICAEW and ACCA HSA&Co Chartered Ac¢(MmlAnts Lewis House Great Chesterford Court Great Chesterford Essex CBIO IPF 3010112024 AH>rovcd by fthe of tnjstees oh............................................. and signed on its bCIlf by: C Seward. TDJs¢ee Page 4
IndepEndent ExaThiner'5 Report l• the Trw#ees or Tht Hertford Ch*rity deypndent exattthier's report to the trustees ofThe Hertford Museum Ch4rlty I t¢tK)rt ro th¢ charity trustee5 on my exaTnination of the accounts of The Hertford Musewn CharAty {th¢ Trnst) for the year ¢nded 31 Marth 2023. Rosponslblutles bAsls of rert AS the charity trustees of the Trust you aTe resnSible for the preparalion of the aCCOUDts in accwdance the requirements of the Cbarities Aet 20111.the Act). I rert in res1 of my examination of the Trusts accounts carricd out under Section 145 of thc Act and in earrying t my cxaminatioD J have followed all appIlb]e Directsons given by the Charlty Commission under Section 145(5)(b) of the ACL tndependenl examlner's ststement Since your charrty's sros5 illcoTne exceeded £250.000. your examiner mwst b¢ a member of fd listed body. I can confirni that l am qualified to undertakc thc examinati(m kcause l am a rcgislered memb¢r of ICAEW and ACCA. which are Iwo of the listed bodies. J have ¢ompleted my examinalion. I confrn that no material rnatters have come to my attention in conne¢tion with the examination giving me callse to believe that in any materia] rc5PCCt'. acCouting records were notkept in respect of the Tmst as requir¢d by Section 130 of the ACL or the accounts do not accord with those records; or th¢ accounts do not comply with the applicable requirejnents conctrning thc forni and contrnl of accounts set out in the Charities {Accouttts and ReFrf)rts) Regulations 21)08 other than any requirement that the accounts ve true and fair vicw which 15 not a matter considered as part of an iodet¢ttht exarnination. I have concerns and hav¢ ¢om¢ ¥ros$ no other matter5 in connection with the examination to which teI0 should be dtawn in this rep)rt in oKdeT io ¢nabl¢ a protw und¢rstsnding of the accounts to be reathed. Adarn Burt ACA FCCA ICAEW and ACCA HSA&Co Clwtrred Accountants Lewis House Gycehestrrford Court Ch¢st£rford Essex CBIO IPF Dat.. 3110112024 Page 5
The HertfDrd Clwity ststement of Flnanelal ActIlIeS for the Yewr Ended 31 M•r¢b 21 2022 Totsl funds Unre8tri¢d fund R¢5tricted funds Ttst21 nds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 159,176 13,805 172,981 217,722 CbarllAIAe activitles General 38.675 38.675 29.239 IDv¢stm¢nt income Other income 17.406 353 17,406 353 15.658 216 Totsl 215 010 EXPENDITURE ON Raising funds 3.045 3.045 3.043 General 210,840 11.581 222.421 187,717 Other 3( 20.377 3.026 233,962 11,881 245,843 193,786 Net gainsl(10ss¢8} on inv¢sunents 29.895) NET INCOMFJ(EXPBNDTfuRE) Trartqfer8 between tunds {48.247) 6.393) (46,323) 82,012 12 6.393 Net movement kn funds {54.fAO) 8,317 (46,3231 82,012 RECONCILIATION OF FUNDS Totsl fiEnds brought forward 1.685.870 18.233 1,704.103 1,622.091 TOTAL FUNDS CARRIED FORWARD 1.631.230 1.657.780 1.7ts1.103 The nos forn) of these financia] 5talem¢nls P¥g¢ 6
The Hertford Museum Cbarffity Bce Sheet 31 Marth 211LI 2023 Total hnds 2022 Total funds Unrcstricted fund Re5tiicted funds Nores FIXED A&SETS Tan8ible assets Jnvestsnents 1.148.361 395.431 9.042 1,157,403 395.431 1.150,337 lJ43,792 9,042 l J52,834 lJ95,810 CURRENT ASSKTS Debtors Cash at bank and in haJ)d ,203 112925 1.263 979 130 130 433 93 114,188 17,508 131,696 131,272 CREDrroRS Amounts failing thie within one year io (26,750) {26.750) {22.979) NET CURRENT ASSETS 87.438 17.508 IIM,946 108.293 TOTAL ETs LKSS CURRENT 1.631.230 26.550 1,657,780 1,704.103 NET ASSETS 1.631.230 26,550 1,657,780 1,704,103 12 Unrestri¢t¢d fund$ Re5tricied funds 1,631.230 26,550 1,685,870 18,233 TOTAL FUNDS 1657 780 Th¢ ftnancial statements were approved by the Board of Trustees and authorised for iS8UC ..3QlQ.1J20 .. and were Siged on its behalf by: The n(tts forn) part of these fmanciai statements Pa8e 7
The Hertford Museum Cblrlty Notrs to ¢he Financial Statements ror the Yw Ended JI Mwrch 21)23 PRKSENTATION CURRENCY The presentstton ¢urren¢y of the finarKial statements is the Pound Sterling (£). ACCOUNTING POLICIKS Basls of preparinE the finandal statements Thc fjnancial Statements of the chgrity, which is a public b¢n¢fJt entity under FRS 102. have been ptepared in axordance with thc ChaTitie5 SORP (FRS 1021 'Accounting and RewFrting by Charities: StateTnent of R¢¢omtnended Practice applicabl¢ to charities preparing their ¢Ounts in a¢cordance with the FInclaI Reporting Standard applicable in the UK and Republic of Iland IFRS 102) {cffective l January 2019),. Financial RertIll¥ Standard 102 The Financial Reporting Stat)dard applicable in the UK and Republic of Ireland. and the Chartties Act 2011. The financial 5tstements have been pwared under the historiul ¢ost conveNtion. with Ihe ex¢eption of investments which included at market valu< as modified by the tevaiuation of certain assets. Going concern The Trnstee5 have assessed whether the use of the gotng con¢ern basis is appropriate and have considered Jssible cvcnts or conditions that mighi cast significant doubl on the ability of thc charity to continue as a going ¢oncern. The trusteu have rnade this a5se58ment for a period of at l¢ast on¢ year from the date of approval of the financial statements. In particular the tru5tee5 have considered the ¢harits¢s forecasts and projections and hawe taken inlo account the pre5sure5 on iDCOm¢ and incttasing tosts, parncularly now the restrictions of thc COWD-19 paThlemic are no longer implem¢nted. After making enquiric$, the tssteeS havc c4)ncludcd that there is a reasonable exCIatIOn that thc clwity ha$ adequate resources to wntinu¢ in operational ¢xiS1¢n for the foreseeabl¢ Te. On thi5 basis the Tru$lees have concluded that the charity 15 a going concern. The fJnan¢ial stst¢m¢n¢s do not includc any adju$tm¢nts that would result from the charity not being able to meet its liabiliti¢% Ls they fall due. Ineon AU income is cogniSed in th¢ Ststrmet)t of Financial Activities oncc the charity ha5 entitlcmcnt to thc funds. it is probable thai the inCOTne will be rettived and th¢ amiwnt can be me&sured reliably. Donations, le8a¢ies and (Aher fornis of unrestrictsd incomc arc recognised a5 incoming resources when receivable. such as exhibits aThl ¢oll¢¢tions donated io th¢ trL$t. (3rants are accounted for in full i)n a receivable basis. Jncorne tax recoverable in relaiion donaiions re¢eiv¢d under gift aid or dceds of covenant 15 recolISed at the time of the donation. Expettdltllr tAabAliiies are r¢cognised as expendire as soon as th¢re is a l¢gal or consIntive obligation committing the charity to thal expendithrt, it 15 probable thal a tyan$f¢r of economic bcncfjts will be rcquired in Settlement and the amount of tlK obligation can be measured reliably. Expendiiure is accounted for on an accruals basis and ha5 been cl&%sified under headings that aggTe¥* all Cosi relatrd to th¢ catrgory. Where costs cannot be directly atirÈbuted to particular hewjings they h&ve i%cn allocated &¢iiviti¢s a ba$1$ coDsfftstent with the use of resources. Tall81b ffftd assets Depreciation is provided at the following amiual rates in oyder to Wri off ¢ach a4set over its t5ti7nated useful lif¢: tureS and fittinss- 20% on cos¢ No thpreciation has been prnvided on freehold property as the charity's policy is to maintain its ptoperty to a high standard through a con1inu PTogtamme of refurbishment and maint¢twice. In the opinion of th¢ trustees the residual va]ue of the property 15 such any depirciation charge would be irnrnateria]. Page 8 coniinued...
The Hertford Museum Charlty Notes to the FlnaDcl41 St•¢ements- ¢onthiu for the Year Ended 31 March 2023 ACCOUNTING POLICIES . eontinued Taxatio The charity is ¢x¢mpt from tax on it$ ¢111able activities. Fwid AceountlnR Unrestricied fund5 can i used in a¢wrdathc¢ with tbe d)aritAbk objectives at the discretion of the trus¢es. Restricted fund5 can only be used for p8rti¢ularTestriclcd purposes within the objects of the charity. Restriction$ arise when specified by the donor or when IuTth are raised for particular Testri¢ted PUTW)8¢S. Further explanation of tbe naturc and pwp)5e of each fund is included in the to the financial statetncntS. Hlre purch&8e and lea5iDg TommitmeDts Rentals paid under 0rating leases are charged th¢ Stat¢m¢nl of Financial Adiviti¢B on a straight lin¢ basis over the ofthe lease. Pertsiort eosts and other IMIrt.retlrement l>enefits Thc chwity opcrates a deflncd tontributitin pension scheme. Conttibutions payable the charAty'$ pensio 8cheme are charged to the Ststcment of FinancÉai Activities iti the pcriod io which they rele. INVESTMENT INCOME 2023 2022 trtv¢sthient Income Deposit account intrrest 17.021 385 15.645 13 RAtSlNG FUNDS InY¢stment m8nagemeDt costs 2023 2022 Invesuneni management fr¢$ TRUSTELS, REMUNERATION AND BENEFfTS Th¢r¢ were no trs, reinuneTation LY other benefits for the yegx eThJed 31 MaT¢h 2023 nor for the year ended 31 Mar¢h 2022. There were no trustees, cxpcnses paid for the Y cnded 31 March2023 thor for th¢ year ended 31 Mah 2022. Page 9 contitiiied...
The Heriford Mugeum Chrlty Notes to the knIAI SlatemeDts- contlnuEd for the Yw Ended 31 MAreh 2023 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Unrestri¢t¢d fund Restricted nds Total funds INCOME AIYD ENDOWMEI¥TS FROM Donations and legacie5 203.386 14.336 217,722 ChrltabJe aetlvfilles Gen¢ral 29,IM2 197 29.239 Investment income Other income 15,658 216 15.658 216 Total 262 835 Raising ndS 3,043 3,043 Chor%tobk *ctlvltl Gertera] 179.235 8.482 187,717 Other 3,026 193 786 Net gains on investmen18 963 NET INCOME 77.279 4.733 82.012 Ne¢ movwnellt in / 77,278 4,734 82,012 RECONCILIATION OF FUNDS Total funds bmught forward 1.608.592 13,499 1.622.091 TOTAL FUNDS CARRIED FORWARD 1685 870 Page 10 continued...
The Hertfonl Charity Notes to the FlnaDeta] Statements- eonthiued for the Year Ended 31 m¢ 2023 TANGIBLE FIXED A&SETS Fixtures and Frechold Totsls Ai l AprAI 2022 Addilions 1.144.411 9,878 1.154,289 11,302 A¢ 31 Mar¢h 2023 21 180 91 DKPRECIATION At l April 2022 Clwge for year 3.952 4,236 3.952 4,236 At 31 March 2023 LYET BOOK VALUK At 31 March 2023 1.144.411 12,992 1.157.403 At 31 March 2022 1 144411 5 926 337 FIXED ASSET INVK5TMENTS Li5trd iIIVC5ttnents MARKET VALUE At T April 2022 Additions Disposals R¢valuations 445,473 38.987 {60.175) At 31 March 2023 395.431 I¥ET BOOK VALUE At 31 Mawh 2023 395431 At 31 Mah 2022 Therewere no investment assets outsidc the UK. Page 11 continucd...
Tbe Hertford Mwewn Cbarlty Noles to the Flnawi41 Ststements- continued for tbe Yev Ended 31 March 2023 FIXED ASSET INVESTMENTS. con¢lnued CO or valuation at 31 Marclj 2023 is ps¢ted by.. IA$*d investmethts Valualion in 2017 Va]UatiO in 2018 Va]uaiiom in 2019 Va]uation in 2020 ValuatioD in 2021 Valuation in 2022 Valualion in 2023 Cosi 80,877 (14,479) 4,645 (68,051) 11.499 (28.854) 355 192 395431 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2(r23
22 Trade debtors payments 1,140 123 545 434 1.263 979 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade Creditors Taxation and so¢ial security Othcr creditors 10.319 1.746 14.685 20,350 1.649 980 26.750 22.979 Oth¢T crediiors in¢lude I¢¢mlS of £14.614 {2022- £928) and Oth creditors of £71 (2022- £521, ii. LEASING AGREEMENrs Minimum k4se payment5 under non-canccllablc OpeIng leases fall du¢ as follow$: 2023 2022 Within one year Between or* and five years 11.355 8.516 11.355 8.516 Page l2 contimied...
The Hertford Mweum Charlty Notes to the Flnncl4] Statements- ¢rntlDued for the Year Ended 31 Mreb 21123 MOVEMENT IN FUNDS Net movemctsi in fuTLds TraAsf¢rs beiween At 31rJ123 At 114r22 Ujwejtrlcted funds General fund .685.870 148.247) (6.393) .031230 Restrlrted funds Am) Kirby Fund Corn]nunity Toilet S¢hem¢ In¢om¢ Early Year5 Programme FoHM- proceeds of the Lutyens LecDJre Free family activity places Museums Take Over Day Reminiscence Project Restii¢ied co))s¢ryation fvnd Roller rack project The Orrey Fund Fre¢lance Educatiort Officer grant Western tA)an Prograrnme Hertford is my home Fri¢nds IT Support FutMI Henford$hir¢ R¢gimeni Mu$eurn Website Fu]Jd Preview Support Fund 1,224 704 252 907 341 811 901 1.099 5.(X)9 537 132 ,166 5,150 (293) 1.7(X) 931 2,404 252 465 389 (442) 48 (811) 901 418 9,042 558 (681) (2,2) 21 (232) 6.293 l(M) 1.166 432 4.335 4,757 (4.718) 4.335 4,757 5(Y) 51N) TOTAL FUNDS 1704 103 657 780 Page 13 continued...
The Hertford Mweum Cbarity Notes to the Financia] Statements • tontitiued for the Year Ended 31 M4rch 2fr23 12. MOVEMENT IN FUNDS- eODtiDued Net movement in nds. included in the ab)ve as follows.. Incoming SoUeS Resources expended Gains and lo$$es Movemeni in fuT3 Unrestricted fwid8 General fuThl 215,610 {233,962) (29,895) (48.247) Restrlcted thDds ATM Kirby Fund Community Toilet Schemc kncomc FOHM . pr(ted5 of the Lutyens L£cture Free family ¥tivity plaees Museums Take Over Day Restrickd conscrvation nd Roller ra¢k proj¢£t The Ottey Fund F¢lance Education off¢r grant Hertford is my hojne Jubilee Fund Friends IT sup Fund Hertford5bire Regiment Museum Websi Fund Pr¢view Sup1 Fund {293) {3¢Y)) (442) (42) (811) I8} (2.2d)) (293} 1.7 (442) 48 {811) (681) (2.2} 21 {232) (4,718) 2.0( 119 21 1232} (4,718) li) {1,883) 6218 4.757 4,335 4,757 5(X> 51K) 13.805 TOTAL FUNDS 229 415 245 843) 29.895 Page 14 ¢Ontinued...
The H¢rWord Clwaty Notes to th¢ FiDanciai StsterneDts. Ued ror ibe Year Ended 31 March 2023 12. MOVEMENT DI FUNDS • Q)ntinued CoD)parativ¢s formovement In funds Net movement in funds Transfers between funds At 3113122 At 114121 Unr£stslcted fuDd8 General fund 1.60&592 77,279 1,685,870 Reslricled fundj Ann Kirby Fund Comrnunity Toilet Scheme IncoTne Early Year5 PrOgre FOHM. prCed5 of the Lutyen5 Lecture Free family activity places Mu8eums Take Over Day Pictur¢ Thisf Fund Rerninis¢¢n¢¢ Project Restricted ¢onserYatson fund RolleT rack projcct The Orrey Fund Freelance Education Officer )( Online Shop HCC GTant Signage Income Western Loan Progrdmrnc Hertford is rny home 1,335 424 252 907 227 811 247 901 821 4,209 537 1,000 450 400 978 1224 704 252 907 811 1247) 901 1,099 5,009 537 132 278 800 (868) 1450) 1401) 188 5.150 TOTAL FUNDS 1622091 171VI 103 Page 15 continued...
The Hertrt)rd Musewn Clwity Notes to the Flnanelai SlateDnts- conthiutd for the Year End&1 31 M&rth 2023 12. MOVEMENf IN FUNDS. eontlnued Comparative net rnOVernt in fvnd4 Ilded in the above are as follows: Incoming res0CeS Rc50urce5 expended Gain5 &ud lossey MoveTnent in fijnds Unrestrkted lunds 248,302 {183.986) 12.963 77.279 Restricted funda Ann Kirby Fund Community Toilel Scheme Incomc Fre¢ family activity pl3 Picture Thisl Fund Re5tticted conservation fvDd Roller rack PTojett Freelance Education Officergrw)t Online Shop HCC Grani Signage ]neome Western IA)an Progrdlnn Hertfotd is my home (720) {6) (2471 280 114 {247) 278 800 {868) {450) {401) 188 5.150 120 278 800 (8681 (4501 {598) (1,9501 4.8501 197 2,138 14.533 9,81M) TOTAL FUNDS 262.835 193,7861 General Fund The Gen¢ral Fllnd consists of operdting as8Cts, liabijitics, investments and fixed assets in¢luding the museum tlIding which th¢ ttwt op¢ra*$. Ann Kirb Fund Donations madc in Tnew of Ann Kirby for improvctncnts to and maintenance of the Andrews Room. This has irtcluded rhe new pyojector wjd cupboards blll will a150 help us rcplace activity toy5 etc as and when required. CoTnmunii Toild schen JNom¢ Funding fronj EHDC wljirh anyon¢ 1$ wel¢otn¢ ¢0 ¢ome in and use our toilet facilities. We use thi5 fund for maintenance to the toilets and plumbing eg draitt Todding. We Can apply each year- we flnt engineered this in DeCemr 2019 - il was a Khcm¢ jw8t for Ware and started in 2012 and we asked EH[ if we ¢tld join as people were using our f3¢iliu¢s the bus stsiion lIe15 c105ed. We will reapply for another £l,(KKI this December. Drain rodding asid¢. li do¢s giv¢ us an oroorninity w build up a little pot to help if we require any ]najor plumbing n]aInlcnKe. me Funditig $pe¢ifically for a¢tiviu¢s for under 5s. W¢ have used some to market toddl¢T Tuesdays. FoHM- occed5 Qlthe Lut ¢ns Le¢iur¢ Specifically for the SUP[ of museum evenls. This lund h¢lp$ us to take some risk$ in our event provision and cover uhbudgetrd costs like repla¢ing our PA $p¢ak¢rs. Free famil a¢iivit la¢es Donation5 njade io fuThl fre¢ family activity place8 for families on low Incomes. Takc up wa5 low as pPIc donl always feel t(10ble prcsenting a btnefils award letter so we began working irt parknership with Hertford Food Bank. W¢ give them volldjers to distribule and takc the c05l of the activily place off this fvnd when one is psend at th¢ till. Page 16
The Herlford Museum Char6ty Notes to the Thancia] Stst¢ments- ¢{tInUed for the Yer Ended 31 Marcb 2023 12. MOVEMENT IN FUNDS. continued Museums Takc Over Da Funding awardcd Some tirne ago for annual takeover day. We work wÉth wndary school sttthnts who tske over some of the museum. This has included guided Urs, delivering workshops to schools and r¢miniscen¢e s¢s5ions with old¢r twpl¢. We have used some of the TTW)ney towaTd5 a rKw katki. infornhed by the Thatkeling fcedback from the Siudettts. Picture This! Fund Income and expendittwe relating to the th¢ d¢velopm¢nt on an online resource of the Museum's image catalogue. Rerniniscence Pro. ct Funding from EHDC and Herts Association of Museurns to deliver pay what yoll tan reministente workshops to gr(pups for whom our £95 fcc would a barrier. The difference between wh the group can afford and £95 comes out of thi$ PDI if we book a wortshop as inci)me. Restricted ¢onsaryation fi Money genwat¢d from the sale of dond books. to be specifically used for conserving the collection. Roller rack eet Funds to cover the coat of itistal]in8 roller racking in our aT¢haeology slor¢s. The Orre Fund Funds generdted to conserve a mechanical celestial glob¢ and onery made by Jer¢miah Cleeve of Welwyn in around 1810. It wa5 given to us by the Science Museum in 1933. Fr¢¢lanc¢ Ed atioD Officer HCC locality budget grani towatds the c05t of fd freelancer reviewin8 our leaming provision in light of Covid. ThE totsl cosi will Ix £1.050. Online Sho HCC Gran¢ P05t pandcmic, a grant from Hertford Counry Council to d¢v¢lop an online shop on our website. Income specifJca]ly tti repair the Museum's sign hanging ovu th¢ front door. Wcstern IA)an Pro Towards specifLc aspects of the Danad eKhibition proje¢( includiDg traDSPOrt. learning works9 - again we pay our5elve5 from thi5 poi for the5¢- i1151allation ¢osi$ d¢. Hertford is m Home Exhibition Hcrtford is my home thnded by the lott¢ry hwitag¢ fwid. ubilee GrantlFund A district cowlcil grant in 2022 foT Queens Jubil¢¢ activities whi¢h was 8peDt that year. Fricnd8 IT Su rt Fund Funding from the Friends of Hert(ord Museum repla¢¢ rr equipm¢n¢ &8 and when r¢quiTed. Hertford5hire Re ' Jnent Museum Website Fund An ongoing restri¢ted fund. initially ¢0 raise mot)ey to build the website, ac£rning and sdIng fllrtI funds for Ihc ongoing hosting and maintenance of the w¢bsite. Preview Su A donation made to 5UPPOrt the costs of freshM¢llts for exhibition w¢vi¢ws. Page 17 continucd...
ThE Hertford Mweum Charlty Notes ts tbe Flnanclal Statements. continued for the Yex Ended 31 March 2023 13. RELATED PARTY DISCLOSURES There were no related pany transactsons for the ycaT cndcd 31 March 2023. nor for the year ended 31 March 2022 Page 18