REGISTERED CHARITY NUMBER: 312142
Rwrt of tbe Tn￿tee9 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
Ba1￿ce 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 fOrn￿d by a deed of gift OTJ 25 Septemb¢r
1915. The Trusl is managed by a Board of Trus*es and orgathise4J in accordance with its Twst Deed dafyl 30 January
1990 as amended by the schedule of 13 January 2￿3.
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 a￿Ced
investment policy.
The financia] 5ta*Tnents have Prep￿ed 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 Obligati￿S.
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 Mu*um Cbarity
Report of the Trustea
lor the Yev Ended 31 2023
OBJEcfivKs AND ACTIVITIES
Objeetlves and aiDTrJ
Hertford Musturn is ¢ornmitted ￿ ensuring the I￿L￿ge 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 relatio*ships with surrounding parishcs
o Prioritise active colleciing of mat¢rial that reflects incre&sing divenity and social change within our coll￿￿n8
2. To prnvldt a quallty servke tb4t eng4gt5 wlth 4 tull ¢rowetion of the local and wlder eon)munlty
o Deliver a learning prog[all￿ne that respoDd$ ro the ne￿S 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 cult￿Tal (entr4 BDd of the wldet
Mweum eoMe¢llng areo
o Work with ex￿nIal 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 e￿SUre governAnce 19 of the blghest re£ieets tht Intsrests of AU st*keholder8
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 in*res( 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 End￿1 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 ￿n￿eas1tjg 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$t H¢rts but utilised our extensiv¢ wlle¢¢ions lo
explore global themes. Phase II of Herrford Ts My Home - a projeci focus5ed on cdebrating the incteasing diversity OF
the town and recording iTnIx)rtant storte5 of arriYa] - irt¢luded contriburors fleeing the war in Ukraine and t￿ll[l¢Al exile
from ￿'Mbabwe. Proof of thc Puddingstorte eKplored how ¢lima* chang¢ is ¢vid¢n¢ed by our geologi¢aJ ¢olle¢tions
and wc w0￿d with a range of acadcmics to investigate how seology 1$ 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 IMp￿*d 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 ￿f0￿nanCeS from l(u] musicians of Ewopean heri￿ge 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
gt*s.
Di8ital en8agenmit has strengthened this year, with Fac¢b)ok follow¢rs increasing 30% to 2389 and Y￿TUb¢ ¢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$tly, was the cessation of the additional funding provided by the gOVCrnTnent , which had been tsxgetcd to help dcal
with effc&ts of the pandemic. and secondly. a positive contribution from a growth in investmettis. iurrted into a Ioss
during a difftclllt period for equity and other investmcnts during 2022. These two factors x¢ounted for a swing in fimd5
of over £76k.
AddiiiotLa]ly, the museum's costs base ¢ontirtued ¢0 in¢r¢ase. primarily due to salary Incre￿5. an incre&8e in emergy
bi115. and a larger than u$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$8¢d on
irtcrea5ing partitiyation a￿d generating &ddTrlional income. As part of this. the rnuseum reeeived CODfllmation of a
substantial in¢rease in its core funding frorn H¢rtford Town CouDciI. which will go toward5 reducing thc dcficAL
STRUCTURE. GOVERNAIYCE AIYD MANAGEMENT
Governing dotwnent
The charity is controlled by its governing docwnenL a deed of trust aT¥l wn5titht¢s ¥n unincorporated Ch￿Ily.
Recrultment *nd appo5ntment of trwtees
Two t￿StecS are nominated by Hertford Town Council and on¢ ¢ry$t¢¢ is nominated by e￿h 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 ADMINIsTRA￿VE DETAILS
312142
PrIn￿￿1 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 bCI￿lf 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 re￿rt
AS the charity trustees of the Trust you aTe res￿nSible for the preparalion of the aCCOUDts in accwdance the
requirements of the Cbarities Aet 20111.the Act).
I re￿rt in res￿1 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 appIl￿b]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'.
acCou￿ting 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 ￿te￿I0￿ 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
Gyc￿ehestrrford Court
Ch¢st£rford
Essex
CBIO IPF
Dat..
3110112024
Page 5

The HertfDrd Clwity
ststement of Flnanelal ActI￿lIeS
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 no*s forn) ￿ of these financia] 5talem¢nls
P¥g¢ 6

The Hertford Museum Cbarffity
B￿ce 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 Sig￿ed 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 FIn￿claI
Reporting Standard applicable in the UK and Republic of I￿land IFRS 102) {cffective l January 2019),.
Financial Re￿rtIll¥ 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$, the ts￿steeS havc c4)ncludcd that
there is a reasonable ex￿CIatIOn that thc clwity ha$ 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$t. (3rants are accounted for in full i)n a receivable
basis. Jncorne tax recoverable in relaiion ￿ donaiions re¢eiv¢d under gift aid or dceds of covenant 15 reco￿lISed
at the time of the donation.
Expettdltllr
tAabAliiies are r¢cognised as expendi￿re as soon as th¢re is a l¢gal or consIn￿tive obligation committing the
charity to thal expendithrt, it 15 probable thal a tyan$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$ ¢1￿11able 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 0￿rating 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 rel*e.
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 tr￿s, 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 Ma￿h 2022.
Page 9
contitiiied...

The Heriford Mugeum Ch*rlty
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
Ch*rltabJe 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 Ma￿h 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 ￿p￿s¢￿ted by..
IA$*d
investmethts
Valualion in 2017
Va]UatiO￿ in 2018
Va]uaiiom in 2019
Va]uation in 2020
ValuatioD in 2021
Valuation in 2022
Valualion in 2023
Cosi
80,877
(14,479)
4,645
(68,051)
11.499
(28.854)
355 192
395431
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2(r23
>22
Trade debtors
payments
1,140
123
545
434
1.263
979
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade Creditors
Taxation and so¢ial security
Othcr creditors
10.319
1.746
14.685
20,350
1.649
980
26.750
22.979
Oth¢T crediiors in¢lude I¢¢m￿lS of £14.614 {2022- £928) and Oth￿ creditors of £71 (2022- £521,
ii.
LEASING AGREEMENrs
Minimum k4se payment5 under non-canccllablc Ope￿Ing leases fall du¢ as follow$:
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 Fln*ncl4] Statements- ¢rntlDued
for the Year Ended 31 M*reb 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
SoU￿eS
Resources
expended
Gains and
lo$$es
Movemeni
in fuT￿3
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 Sup￿1 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 PrOgr￿e
FOHM. pr￿Ced5 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 SlateD￿nts- conthiutd
for the Year End&1 31 M&rth 2023
12.
MOVEMENf IN FUNDS. eontlnued
Comparative net rnOVern￿t in fvnd4 I￿l￿ded in the above are as follows:
Incoming
res0￿CeS
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 pl￿3
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
t￿lIding 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 DeCem￿r 2019 - il was a Khcm¢ jw8t for Ware and started in 2012 and we asked EH[￿ if we ¢t￿ld 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]aInlcn￿Ke.
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 p￿PIc
donl always feel t(￿10￿￿ble 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 p￿sen￿d at th¢ till.
Page 16

The Herlford Museum Char6ty
Notes to the Thancia] Stst¢ments- ¢{￿tInUed
for the Ye*r 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 don*d 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 works￿9 - 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 s￿dIng 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