REGISTERED CIL4RITY NUMBER: 312142
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
The Hertford Museum Charity

The Hertford Museum Charity
Contents of the Financial Slatements
for the Year Ended 31 Iwlarch 202)
Report of the Trustees
Independent Examiner's Report
Statement of Financial ActiiTrties
Balance Sheet
Notes to the Finaneial Statements
10 to 22

The Hertford Museum Charity
Report of the Trustee5
for the Year Ended 31 March 2025
The trustees present their report with the financial sthiements of the charily for ihe year ended 31 March 2025. The trustees
have adopted the provisions of Accounting Reporting by ch￿tieS.. Statement of Recon]n]ended Practice applicable to
charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective l January 2019).
Hertford Museum is a registered charity, registration numErr 312142. It was formed by a deed of gift on 25 September
1915. The Trust is managed by a Board of Trustees and organised in accordance with its Trust Deed dated 30 January 1990
as ￿ended by the schcdulc of 13 JanU￿￿Y 21I)3.
The running of the Museum is delegated to the Curator, Sara Taylor. who operates within guidelines set down by the
Trustees. Powers are also delegaied 10 a Finance and Invesimeni Panel of Trusiees io manage Ihe accounting run by (he
Finance and Adminislration Manager and investments through financial advisers in accordance with an agreed investment
policy.
The financial statements have been prepared in accordance wilh the Tnjst Deed and relevani sthtutory requirements. The net
assets of the Museum available ddcqudle to fulfil its obligdlions.
The Museum Property and land are vested in Helllord Town Council. which holds Ihem in Trust for the Charity.
The T￿SteeS are aware of the requirements under Charlties SORP (FRS 102) to identify and Mitigate risks faced by the
organisation and are adopting appropriaie policies 10 reduce exposure (o those risks.
Page I

The Hertford Museum Charity
Report of the Trustee5
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Objectives and aims
Hertford Mu.seun] is comtnitted io en5UTing the heritage of FA5t HertfoTd5hiTe is preserved. interpreted and enjoyed and that
we continue to deliver a range of engaging programmes that are valued by our community.
With this in mind, the Trustees of Hertford Museum reviews its Aims Objectives on d regular basis.
l. To preserve, inlerprel and display the heritage of Hertford and surrounding villages:
o Maint￿n the quality uf cullcLtions scck to improvc sloragc con5crvation ￿￿([c￿]entS
o Pre%ent d n]inimum of four exhibition5 per annum
o Seek funding to enhance acquisitions and collections
o Develop relaiionships with surrounding parishes
o Prioritise active collecting ot material that reflects incre&sing diversity and social change within our collecling area.
2. To provide a quality service that engages with a full cross-section of the local and wider community
o Deliver a learning programme Ihai responds 10 ihe needs ol dilfereni ages and learning siyles
o Engage with under-rcpresented diverse audiences
o Consult with our stakeholders and make effective use of social media and rn￿keting tools available to us in order to reach
across (he community
o Find new ways lo engage volunteer supwrt
o Respond to the changing needs of our communiry by diversifying how we deliver our services
3. To be fully involved in the on-going development of Hertford. its growth as a eultural centre, and of the wider
Museum collecting area
o Work with extemal partners io deliver communiiy evenis Ihai promote Hertford's cultural life
o Seek way% lo ensure the Museutn benefits from Town Centre developvnent
o Attend local meetings that promote Hertford's cul￿ra1 life
4. To ensure governanee is of the highest standard and refleets the interests of all stakeholders
o Identify and recruit truslees according to the future needs of the board
o Es￿blIsh clear policies and documeniaiion thai support effective management
o Maint￿n Art% Council accredited status
5. To work towards grealer financial sustainability
o Implemeni our fundraising siraiegy and coniinue io seek oui opponunilies for income generation
o Demonstrate value for money to all stakeholders
o Manage property and maintenance issues in a planned and pro-active way
Public benefit
Hertford Museum aims to collect, preserve and interpret evidence of the history of the county town and surrounding
parishes in the District of Easi Hertfordshire for the inieresi. enjoymeni and understanding of the local communily and other
visitors.
Page 2

The Hertford Museum Charity
Report of the Trustee5
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Achievement, Perforniance & Charitable Activities
A% ever it has been a fIn￿CIallY challenging year foT the mu5euTn although the Previous year ended largely on budget
although more deficit.
In addition the n]useun] operated with d vacancy in the Tole of A5Si5Lmt Curator for a large part of the year n]aking
planning and progress difficult.
Despite this the museum continue5 10 deliver core PrOgr￿e5 such as temporary exhibition5. events services for
schools.
School engagemeni was marginally impacted ihis year due io siaff illness in the Auwmn terni. Circa 3954 at 57 schools
engaged with our learning service this year which represents a further 5 sch(K)Is more than last year but is dropping students
if 369.
Exhibition highlights included:_
100 years of Hertford North - supported by thnding from Greai Northern Railways. We worked with railway
hislorians to explore ihe hisiory of Henford's busiest railway siaiion.
On the Sauce.. Life & Death in Hertford pubs - from chrislening celebrations through to inquest we looked at
how Hertford pubs were part of everyday life for over 3(K) years.
Al the Edge of Empire - we shone a lighi on ihe lives of the tron Age Briions living al Foxholes Fann. Hertford
during the invasion and reign of the ROrn￿ En]pire.
Barbara Canland.. The Art of Romance - the exhibition commemorated a century's publication of her first novel
and feaiured original artworks. gowns and many oiher iiems loaned by Barbara Cartland's granddaughter. The
exhibition proved extremely popul￿ benefitted froni BBC television and ndtional newspaper coverage and
attracted visitors from across the south east.
Our events programmes continued through Ihe year with a fvll compliment of varied events including art & craft workshops
for ddults. local history walk5 and talks.
We maintained a strong on-line presence wilh aciive social media accounts. The following on our Instagram account
increa￿d by 33ge this Ye￿ and followers to our Linked In accounts by 23%. We post dbout d wide v￿etY of Lspect% of
museum life from events and exhibilions to new stixk in our shop. This y&qr our marketing and fi]ndraising committee
devised a new marketing stralegy and focused on our on-line engagement.
Wilh our events programme we continue to provide a f(Kal attraction for the town. During the year people travelled from
across the county to take place in our holiday aclivity provision with many going on to enjoy the shop's, cafe's and
restaur￿t5 Within the towTr.
FINANCIAL REVIEW
Financial position
The Inuseum approached the currenl year knowing that its operating costs would increase due to the increase in National
Living Wage and also anticipated increased repair cosls in maintaining its historic building - these being the museum's two
biggest costs. However. Ihis was recognised in ihe budgeiing process and ihe museum is graieful lo Hertford Town Council
for providing ddditiondl income to cover Tnosl of the cost increases. As a consequence, the museutn entered the ye
anticipating a break-even budget.
In the event, benefitting from a VAT rec1￿￿ of £12.8k (under the Vat refunds scheme for museums dnd gdlleries). the gain
on investments of £15k, the gain on revaluation of ihe freehold propeny of £355.6k and a large deposiiion of £17k. an
overall surplus of £_392.1 k was achieved. The receI￿S helped grow Ihe bank balance to £104,758 (spread across restricced
and unrestricted projects and investments).
Page 3

The Hertford Museum Charity
Report of the Trustee5
for the Year Ended 31 March 2025
The trustees undertook a revaiuaiion of ihe museum's building and this resulied in an increased valuation io £1.5m. The
balance sheet is therefore in a hedlthy tK)silion. albeit its net liquidity (whilst ddequate for ils operational purpose5) is much
lower than its net assets.
Looking fo￿v￿d, the trustees redlise thdi there 15 a large Teliance on its tndjor funder and are conscious of the need to attract
income from other sources. However, the trustees also consider that we are currenily in a strong financial position from
which to maintain our core purpose and also to develop the offering to its sponsors and public.
At the start of the reporting period the ￿OUnt of funds in the tnuseuvn's bank accounts totalled £73,029.
During the year the museum received total income of £276.123 (2024 - £233.934).
The museum received grants from Hertford Town Council totalling £172.278 (2024 - £149,807) and other grants totalling
£725 (2024 - £2.867). Additionally. the Tnuseum received income for museun] shop Sales totalling £25,124 12024
£28.378), income from deposilions ioialling £17.0(K) (2024 - £Nil). income from donations iothlling £14.IK)1 (2024
£22,258), incon]e from inve%ln]ents totslling £21.188 (2024 - £21.453). incon]e fron] schiK)I work activities totdlling
£10,328 (2024 - £8,661) and income from room renlal totalling £326 (2024 - £510).
During the peri(xJ, the museum expenditure totalled £254,625 (2024 - £249,743). The largest outlays were for wages costs
of £15_3,012 (2024 - £138,M2), repairs of £17,286 (2024 - £24,596). rates and water of £29,527 (2024 - £24,549), rental
costs of £1 1.355 (2024 - £11.355) and shop cosis of £7.787 (2024 - £8.322).
At the end of the accounting ttriod, the amount of thnds in ihe museum's bank accounts totalled £104,758.
STRUCTURE, C.OVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing documenL a deed of t￿st and consti￿leS an unincorporated charity.
REFERENCE AND ADNIINISTRATIVE DETAILS
Registered Charity number
312142
Principal address
18 Bull Plain
HERTFORD
SG14 IDT
Page 4

The Hertford Museum Charity
Report of the Trustee5
for the Year Ended 31 March 2025
Trustees
C Pease (Chair from 15.2.24)
C Seward (deceased June 2025)
C Geall
S Hackshall (resigned 18.4.24)
P Crane
G Sexton (resigned 18.4.24)
C St Quentin Gittings (deceased December 2025}
P Wisbcy
J Pery (Vice Chair frotn 15.2.24)
J Sartin
M Elder
D Chichester-miles
J Playfair
M Connolly
A Woodward (appointed 23.7.24)
A Da￿ laptK>intcd 23.7.24)
Independent Examiner
Adam Burt ACA FCCA
HSA&Co
Chartered Accountants
Lewis House
Great Chesterford Court
Great Chesierford
CBIO IPF
STA TEMENT OF TRUSTEES, RESPONSIBtLITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and unll￿d Kingdom Accouniing Siandards (Uniied Kingdom Generally Accepied Accounting Practice).
Charity law requires the trustees lo prepare financial statements for each financial y&qr. Under that law, the tru.%tees have
elected to prepare the financial sta(ements in accordance with United Kingdom Generally Accepted Accounting Practice
{Uniled Kingdom Accouniing Sthndards and applicable law).
Under charity law the trnstees must not approve ihe financial siaiements unless they are satisfied that they give a true and
fair view of the state of affairs of the charity and of the incoming resource5 application of resources, including the
inconie expenditure, of the Ch￿tY foi that period. In preP￿ing those fin￿ClaI stdtcmcnts, the trustee.s requircd to
select suiiable accouniing policies and Ihen apply Ihem consisienily.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent-
prepare Ihe financial staiemenis on the going concern basis unless il is inappropriate 10 presume that the charity will
continue in business.
The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any time the
financial position of the charity to enable them to ensure that the fin￿ClaI staten]ents con]ply with the Ch￿itIes Act
2011 and The Charity (Accounts and Reports) Regulaiions 2(K)8. They are also responsible for safeguarding the assets of
the chariiy and hence for taking reasonable steps for Ihe preveniion and deiection of fraud and other irregularities.
Page 5

The Hertford l¥Iuseum Charity
Report of the Trustees
for the Year Ended 31 Mareh 2025
Approved by order of Ihc board of trusiees on .....
d signed on ILS bLhalfb￿.
C Pease - Trusiee
Page 6

Independenl Examiner's Report to the Trustees of
The Hertford Museum Charity
Independenl examiner's report to the t￿￿teeS of The Hertford Museum Charity
I report to the Ch￿tY trustees on my examination of the accoun15 of The Herttord Mu5eun] Charity (the Trust) for the year
ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are restK)nsible for the preparation of the accounts in accordance with the
requirements of the Charities Aci 2011 ('the Act.).
I report in respect of my examination of ihe Trusl's accounls carried out under Section 145 of ihe Act and in carrying oul my
examination I have followed all applicable Directions given by the Charity Commission under Section 145{5){b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,(￿ your examiner musi be a member of a listed body. I can confinn that I
am qualified to undenake ihe examinaiion because I am a mern￿r of ihe Associaiion ol Chartered Certified Accountants.
which is one of the listed bodies.
I have completed niy exami￿tion. I confirm that no material matters have corne to my atteT]tion in connection with the
examination giving me cause ￿ klieve thai in any maierial respeci=
accounting records were not kep( in respect of the Trnst as required by Section 130 of the Act; or
the accounts do noi accord wilh ihose records. or
the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in
the Charities (Accounts and Re￿rts) Regula(ions 2(K)8 oiher Ihan any requirement that the accounts give a true and
fair view which is noi a mailer considered as pan of an inde￿ndent examinaiion.
I have no concerns and have come across no other matters in connection with the examination to which atÈntion should be
drawn in this report in order io enable a proper undersianding of the accounis 10 be reached.
Adam Burt ACA FCCA
HSA&Co
Chartered AccounLints
Lewi% House
Great Chesterford Court
Great Chesterford
Essex
CBIO IPF
2310112026
Page 7

The Hertford Museum Charity
Statement of Financial ActiTrities
for the Year Ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund
Revalualion
reserve
Restrtcted
funds
Notes
INCONIE AND
ENDOWMENTS FROM
Donations and legacies
188.053
1,321
189,374
174,932
Charitable activities
Gcncral
35.452
35,452
37,039
Investment income
Oiher income
21,188
13.1(K)
21.188
30,1(K)
21,45_3
510
17.1MK)
Total
257.802
18.321
276,123
233,934
EXPENDITURE ON
Raising funds
3.157
3.157
3.077
Charitable aetivities
General
247,843
3,625
251,468
246,666
Total
251.(KK)
3.625
254,625
249.743
Net gains on investments
15,0(A)
355.589
370,649
6,306
NET
INCOMEI(EXPENDITURE)
21.862
9,042
355.589
14.696
(9,042)
392.147
(9.503)
Transfers between funds
16
Net movement in funds
30,9(
355.589
5,654
392,147
(9,503)
RECONCILIATION OF
FUNDS
Total funds brought forward
1,625,468
22,809
1,648,277
1,657,780
TOTAL FUNDS CARRIED
FORWARD
1.656,372
-355.589
28.463
2,040.424
1,fv18,277
The notes form part of these financial slatements
Page 8

The Herrford IlIuseum Charity
Balance Sheet
31 March 2025
2025
Toral
funds
2024
Total
funds
Unrestricted
fund
R¢Traluation
Resiricted
funds
Notes
F'IXED ASSETS
-l-angible assets
InvLstmLnls
io
I, l i5.28)
442C)18
3)5.589
1,510.874
442618
1,156,344
427 346
1.597,903
355,589
1,953.492
1.583,690
CURRENI. ASSETS
Debtors
Cash at bank and in hand
12
13
2.79)
76.29)
2,795
104.758
28.463
73.029
79.090
?8,463
107,553
83.082
CREDITORS
Amounts falling due ￿'11h1n one
vear
14
(20.621)
(20,621}
(18,495)
*ET CL,RRE.YT ASSETS
58.469
TOTAL ASSETS LESS
CURREliT LIABILITIES
1,656,372
35i,i89
28,463
2,040,424
1,648,277
NET ASSETS
1.656.37?
355.i89
28,463
? 040.4?4
1.648.277
FUP*DS
Unrestricted tunds
Restricted funds
16
2.011,961
1.625,468
TOTAL FUNIIS
2 040.424
1 648 277
The financial staiemenis w'ere approN'ed by the Board of Trnstees and auihorised for issue on
and were signed on its behalf by..
12
C. Pease - Trusiee
Thc noies fonn part of these fmancial statemcnts
Page 9

The Hertford Museum Charity
Notes to the Financial Stalements
for the Year Ended 31 Iwlarch 2025
PRESENTATION CURRENCY
The presentation currency of the [in￿claI 5tateTnents is the Pound Sterling (£).
ACCOUNTING POLICIES
Basis of preparing the financia] slalements
The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in
aCCord￿ce with the ch￿tieS SORP IFRS 102) 'Accounting Rcporting by Ch￿l(les.. Stdlcn]cnt of
Recomniended Practice applicable to Ch￿tieS preP￿ng their accounts in aCCord￿ce with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l January 2019)., Financial Reporting
Standard 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland, and (he Charities Act
2011. The financial statements have been prepared under the historical cost convention, with the exception of
invesiments which are included at markei value, as modified by the revaluation of certain assets.
Income
All income 15 recogni5ed in the Stdlernent of Financial Activities once the charity entitlement io the funds, it is
probable that the income will be received and ihe amount can be measured reliably.
Donations, legacies and other forms of unrestricted income are recognised as incoming resources when receivable,
such as exhibits and collections donated io ihe Irusi. Grants are accounted for in full on a receivable basis. Income
tax recoverable in relation io donaiions received under gifi aid or deeds of covenant is recognised at the time of the
donation.
Expenditure
Liabilities recognised as expenditure a5 s￿￿ ￿ iheTe is a legal or con5truclive obligation con]rnitting the charity
to that expenditure, it is probable that a transfer of economic benefils will be required in setilement and the amount
of the obligation can ￿ measured reliably. Expenditure is accounied for on an accruals basis and has been classified
under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activilies on a basis consistent with the use of resources.
Tangible r￿ed assets
Depreciation is provided at the following annual rates in order to write off each assel over ils estimated useful life.
Fixtures and fittings
5% on cosi
Freehold property is stated at fair value and is noi depreciaied as the mistees consider that it has an indefinite useful
eLonomic life. This assessment is SUPTK)rted by the ￿tUre ol the property, regul￿ n1￿￿tenanCe periodic
valudtions.
Tangible fixed assets - freehold property {revaluation)
Freehold property is inilially recognised at cost and subsequently measured at valuation, being fair value less
impairment. Revaluations are underLgken wilh sufficient regulariry 10 ensure the carrying amount does noc differ
ma￿rially from fair value.
Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in a revaluation
reserve.
Taxation
The charity is exempt from tax on its charitable activities.
Pdge 10
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
ACCOUNTING POLICIFS - continued
Fund accounting
Unrestricled funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular Te5tricted purtK>ses within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and PUTP05e of each fund 15 included in the note5 to the financial statement5.
Hire purchase and leasing commitments
Renials paid under operaiing leases are charged io the Siaiemeni of Financial Activities on a straight line basis over
the period of the lease.
Pension costs and other post-retirement benefits
The charily operaies a defined coniribuiion pension scheme. Coniribuiions payable 10 the charily's pension scheme
are ch￿ged to the Statemcnl of FIn￿CIal Activities in the period io which they relate.
DONA TIONS AND LEGACIES
2025
2024
Donations
Gifi did
Grants
14.001
2,370
173,(K)_3
22.258
152,674
189,374
174,932
Grants received, included in the above. are as follow5=
2025
2024
Hertford Regiment Museum
Hertfordshire Association of Museums
Ncurodiversity Training
Audience Developmenl
Heriford Town Council
2,467
225
5(X)
172.278
149,807
I73.1￿3
152.674
Pdge 11
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
INVESTMENT INCOME
2025
2024
Investmeni Income
Deposit accouni interest
19,852
1,336
20,286
1,167
21.188
21.453
OTHER INCOME
2025
2024
Deposition income
VAT refund
Room renthl
17,0(Xl
12,783
326
510
30.109
510
RAISING FUNDS
Investmenl management costs
2025
2024
Investment management fees
3,157
3.077
TRUSTEES, REMUNERATION AND BENEFITS
There weTe no trustee5' remuneration or otheT benefits for the year ended 31 March 2025 nor for the Ye￿ ended
31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
STAFF COSTS
The average monthly number of employees during the year was 10 {2024 - 9). This includes part-time employees.
No employees received emoluments in excess of £(rf),IXM) (2024- no employees).
Pdge 12
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES
Unresiricied
fund
Revaluaiion
reserve
Res[ric￿d
funds
Total
fund5
INCOME AND ENDOWMENfs FROM
Donations and legacies
171.348
3,584
174,932
Charitable activities
Gencr
37.039
37,039
Investment income
Oiher income
21.453
510
21,453
510
Total
230.350
3,584
233,934
EXPENDITURE ON
Raising funds
3.077
3,077
Charitable aetivities
General
239.341
7,325
246.666
Total
242.418
7.325
249.743
Net gains on investments
6,306
NET INCOMEI(EXPENDITURE)
(5,762)
(3,741)
{9,50_3)
RECONCILIATION OF FUNDS
Total fund.s brought fo￿V￿d
1.631.230
26,550
1,657,780
TOTAL FUNDS CARRIED FORWARD
1,625,468
22,8(
1,648,277
Pdge 13
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
io.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
property
fittings
Totals
COST OR VALUATION
Ai l April 2024
Revaluations
21,180
,165,591
355,589
355,589
Ai 31 March 2025
1.500.IKK)
21.180
1.521.180
DEPRECIATION
At l April 2024
Charge for year
9,247
1,059
9.247
1,059
AL 31 March 2025
10,-3(
10,-3(
NET BOOK VALUE
At 31 March 2025
1,500.(JX)
10.874
,510,874
At 31 M￿ch 2024
1.144.411
11,933
1,156,344
Cost or valuation at 31 March 2025 is represenied by-
Fixtures
and
fittings
Freehold
property
Totals
Valuation in 2025
Cosi
355.589
1.144.411
355,589
1.165,591
21.180
1.51I).0(K)
21,180
1.521,180
If freehold property had not ￿en revalued it would have been included at the following historical cost..
2025
2024
Cost
1.144.411
Freehold property was valued on an open markei b&sis &$ at 31 March 2025 by the charity's Financial Committee.
Pdge 14
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
ii.
FIXED ASSET INVESTMENTS
Lisled
investments
MARKET VALUE
At l April 2024
Additions
Disposals
Rcvaludtions
427,346
15,42.3
(14,449)
14,298
AL 31 March 2025
442,618
NET BOOK VALUE
At 31 March 2025
442,618
At 31 March 2024
427,346
There were no investn]ent assets outside the UK.
Cosi or valuaiion al 31 March 2025 is represenied by:
Lisled
investments
Valualion in 2017
Valuation in 2018
Valua(ion in 2019
Valuation in 2020
Valuation in 2021
Valuaiion in 2022
Valuation in 2023
Valuation in 2024
Valuaiion in 2025
Cost
80,877
(14,479)
4.645
168,051 }
54,602
11,499
(28,854)
7,-303
15,235
379,841
442,618
Pdge 15
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
12.
DEBTORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
2025
2024
Trade debtors
Other debtors
968
1.827
5,465
4,588
2.795
10.053
13.
CASH AT BANK AND IN HAND
The Ch￿ty,￿ cash dt bank in h￿d ba1￿ce is ￿de up of £91.529 relating to cash ba]dnces held in b￿k accounts
(2024 - £59,586), £8.3 relating to pelty cash {2024 - £83) and £13.147 relating lo cash balances held as part of the
investment portfolio (2024 - £1_3,360).
14.
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2025
2024
Trade creditors
Taxation and social security
Oiher crediiors
13,349
2.30.3
4.969
11,468
2,319
4.708
20,621
18,495
Other creditors include accwals of £4,478 {2024- £4,708) and other creditors of £491 (2024 - £Nil).
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows-
2025
2024
Within one year
5.678
8,516
Pdge 16
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS
Net
nioven]ent
in funds
Transfers
between
fi]nds
At
3113125
At 114124
Unrestricted funds
General fund
Revaluation reserve
1.625,468
21,862
355,589
9,042
1,656,-372
355,589
1.625.468
377.451
9.042
2.011,961
Restricted funds
Ann Kirby Fund
Community Toilet Scheme Income
E￿lY Ye￿S Progr￿[ne
FOHM - proceeds of the Lutyens t£clure
836
2.296
25
(3581
478
2,296
25
465
251
901
1.037
9.042
558
392
134
3,727
{175)
(98)
290
153
901
2.093
Free family activity places
Reminiscence Projecl
Restricied conservation fund
Roller lack project
The Orrey Fund
Western Loan Programme
Heriford is my Home
Friends IT Support Fund
Hertfordshire Regiment Museum Website
Fund
Preview Support Fund
Museum Review grant
A120 Deposilion
1.056
19.042)
558
(392)
134
2,708
(1,019)
2.339
4(
4(K)
{1.1171
(2011
1.222
205
400
17.0(X)
17.0(K)
22.8(
14.696
(9,042)
28,463
TOTAL FUNDS
1.648.277
392.147
2,040,424
Pdge 17
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS - continued
Nel movement in funds. included in the above are as follow5:
Incoming
Tesource5
Resources
expcT]ded
Gains and
losses
Movement
in funds
Unrestricted funds
Gencrdl fund
Revaluation reserve
257.802
(251,(M)01
15.060
355.589
21,862
355,589
257,802
(251,0(X))
370,649
377,451
Restricted funds
Ann Kirby Fund
FOHM - proceeds of the Lutyens t£clure
{358}
(358)
{175)
(98)
(175)
(98)
1,056
(392)
(1.019)
Free family activity places
Restricted conservation fund
Wesiern Loan Programme
Friend.5 IT Support Fund
Hertfordshire Regiment Museum Website
Fund
Preview Support Fund
Neurodiversity Training
A120 Deposition
1,056
{392)
{1.0191
40
(1,157)
(2011
(2251
(1,117)
(201)
225
17,(KK)
17,0(K)
18.321
(3.625)
14,696
TOTAL FUNDS
276.1 ?3
(254.6251
370.649
392,147
Pdge 18
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
moven]ent
in funds
At
311.3124
At 114123
Unrestricted funds
General fund
1.631,230
(5.762)
1,625,468
Restricted funds
Ann Kirby Fund
Community Toilet Scheme Income
Early Years Programme
FOHM - proceeds of Ihe Luiyens l£ciure
931
2,404
252
(95)
(108}
(227)
836
2,296
25
465
389
465
251
901
1,037
9.042
558
392
134
3,727
Free family activity places
Reminiscence Projecl
Restricted conservation fund
Roller rack project
The Orrey Fund
Western Loan Programme
Heriford is my Home
Friend.5 IT Support Fund
Hertfordshire Regiment Museum Website
Fund
Preview Support Fund
Museum Review grant
(138}
418
9.042
558
1,166
432
4,335
619
(774)
(298)
(608)
4,757
51X)
(2,418)
(94)
400
2,339
406
400
26.550
(3,741)
22,809
TOTAL FUNDS
1.657.780
(9.503)
1.648.277
Pdge 19
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS - continued
Comp￿allYe net moven]ent in funds. included in the above are as follows".
Incoming
Tesource5
Resources
expcT]ded
Gains and
losses
Movement
in funds
Unrestricted funds
GenCr￿ fund
230.350
(242,4181
6,306
(5.762)
Restricted funds
Ann Kirby Fund
Community Toilet Scheme Income
Early Years Programme
FOHM - proceeds of the Luiyens l£ciure
(95}
(1081
(227)
(95)
(108)
(227)
98
(98)
{138)
Free family activity places
Restricted conservation fund
Western Loan Programme
Hertford is my Home
Friends IT Support Fund
Hertfordshire Regiment Museum Website
Fund
Preview Support Fund
Mu5eun] Review grant
(138)
619
(774)
(298)
(608)
619
{774}
(298)
{608)
2,467
(4,885)
(94)
(2,418)
(94)
400
4(K)
3,584
(7,325)
(3,741)
TOTAL FUNDS
233.9.34
{249,7431
6.306
9,503)
General fund
The General Fund consists of operating assets, liabilities, investments and fixed assets including the museum
building which the trnst opera(es.
Ann Kirb Fund
Donations made in memory of Ann Kirby for improvements 10 and mainienance of the Andrews Room. This has
included the new projecior and cupboards bui will also help us replace aciiviiy ioys eic as and when required.
Communi
Toilet Scheme Income
Funding from EHDC which means anyone is welcome io come in and use our ioilei facililies. We use Ihis fund for
In￿ntenance to the toilets plumbing eg dr￿n riKlding. We can apply each year
we first engineered this in
December 2019 - it was a scheme just for Ware and slarted in 2012 and we asked EHDC if we could join as people
were using our facililies afier Ihe bus siaiion ioilets closed. We will reapply for anoiher £l.IJM) ihis December. Drain
rodding aside, it doe5 give us an opportunity lo build up a little pot to help if we require n]ajor plumbing
maintenance.
E￿1 ye￿ Pro
r￿[ne
Funding specifically for aclivittes for under 55. We have used some to market toddler Tuesdays.
FoHM-
roceeds of the Lui
ens Leciure
Pdge 20
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS - continued
Specifically for the support of museum events. This fund help5 US to thke some risks in our event provision and
cover unbudgeted costs like replacing our PA speakers.
activit
laces
Donations made to fund free family aclivity places for families on low incomes. Take up was low as people don't
always feel comfortable presenting a ￿nefitS award letter so we began working in partnership with Hertford Food
Bank. We give thcm vouchcr5 to distributc take the cost of the activity placc off this fund when one 15 prcscnted
at ihe till.
Reminiscence Pro ect
Funding from EHDC and Herts Association of Museums to deliver pay what you can reminiscence workshops to
groups for whom our £95 fee would be a barrier. The difference between what the group can afford and £95 comes
out of this pot if we book a works'hop as incotne.
Restricted conservation fund
Money generated from the sale of donaled b￿ks, to ￿ specifically used for conserving the collection.
Roller rack
ro
ect
Funds to cover the cost of installing roller racking in our archaeology stores.
Thc Otrc
Fund
Funds generated to conserve a mechanical celestial globe and orrery made by Jeremiah Cleeve of Welwyn in around
1810. It was given ￿ us by ihe Science Museum in 1933.
Western LoatTr Pro
ramme
Towards specific aspects of the Danad exhibition projecL including transporL learning workshops - again we pay
ourselve5 from this pot for these - instslldlion costs etc.
Hertford is m
Home
Exhibition Hcrtford is tny home funded by the lottery heritage fund.
Friends IT Su
ort Fund
Funding Irom ihe Friends of Hellford Museum 10 replace rr equipmeni as and when required.
Hertfordshire Re
imeni Museum Website Fund
An ungoing restrictcd fund. initially to raise money to build the website, accruing and spending further fund5 for the
ongoing husting dnd n]￿nIen￿ce of the website.
Preview Su
A donation niade to support the costs of refreshments for exhibition previews.
Museum Review
rant
A small grant received fTOtn Hertford5hire Association of Museums to be used io pay consultancy fees.
Neurodiversit Trainin
A small grant io provide neurodiversity trdining to staff tnembers.
A120 De
osition
A fund granted to detK>sit units and drawing5 for Cotswold Archaeology. The grdnt 15 to be spent OT] a cataloguer to
catalogue stored items.
Pdge21
continued...

The Hertford Museum Charity
Notes to the Financial Stalements - conlinued
for the Year Ended 31 Iwlarch 2025
16.
MOVEMENT IN FUNDS - continued
Transfers between funds
During the year, a transfer made from the Roller rack project fund to the General fund totalling £9,042. This is
on the basis that all restricted funds had been spent on the rollcr racking the Ch￿ty'S fill￿claI coinmittee have
contirmed this is no longer a restricled assel. The roller racking is presented within tangible fixed assets on the
balance sheet at a net book value of £10,874.
In the prior ye￿, d tr￿sfer was tnade from the General fund to the Roller fdck project totalling £6,293. This Was on
the basis tha( at the time, the roller racking was deemed a restricted asset and the transfer was recognising the asset
within the appropriaie restricied lund.
In the prior year, a transfer was made from the General fund to the Freelance Education Officer grant fund totalling
£IOO.This wa5 due to the gr￿t being 5peTJt in the Ye￿ and the remaining expenditUTe relating to the freelance
education officer was io be caiegorised as unrestricied expendi(ure.
17.
RELATED PARTY DISCLOSURLS
There were no related paty iransactions for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 22