Company Registration Numb•r: 00501963
Charlty Reg18tratlon Numb•r: 313056
THE MUSEUM OF LEATHERCRAFT
(A Company Limitod by Guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31•1 DECEMBER 2023

THE MUSEUM OF LEATHERCRAFT
(A Company Limited by Guarantee)
Roport of the Trustees for the year ended 31•t DECEMBER 2023
INDEX
Page Number
Management Inforniation
Directof 8 Report
Director's Responsibiliti88
Independent Examiner'8 Report
Statemont of Flnanclal Activities
Balanc• Sheet
Prlnclpal Accounting Polici88
9.10
Notes to tho Flnancial Statoments
11- 13

THE MUSEUM OF LEATHERCRAFT
(A Company Limited by Guarantee)
Pag8 1
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 314t DECEMBER 2023
Company number:
00501963
Charity number..
313056
TrusteeslDirectors:
Mr William Amberg
Alison Brand-Barker
David Barrow -chair
Caroline Darke
Paul Farmar
Dr Graham Lampard (appointed 01,02.24)
Penelope Flavell (resigned 22.08.23)
Rachel Garwood
Michael Pearson
Martin Pebody
Robert Tusting
Christopher Marrum
Registered office:
Mha Macintyre Hudson
Peterbridge House
The Lakes, Northampton
NN4 7HB
Bankors:
HSBC
Hib-chin
Independent Examiners:
CVS Northamptonshire
32-36 Hazelwood Road
Northampton
NN1 1LN

THE MUSEUM OF LEATHERCRAFT
Page 2
(A Company Limited by Guarantee)
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31•t DECEMBER 2023
The trustees are pleased to present their report and the unaudited accounts of the charity for
the year ended 3181 OeGember 2023.
Directors and Trustèes
The directors of the charrtabla company (the charity) are its Trustees for the purpose of charity
law and throughout this report are collectively referred to as the Trustees.
Governing Document
The Charty is constituted as a company limited by guarant88 and governed by its
Memorandum and Articles of Association. The Company is registered under the Charities Acl
2011 and as such is nol liable to income tax, corporation tax and capital gains tax.
Objects of tho Charity
To collect and make publicly a¢¢essible articles made wholly, or partly, of leather (Includlng
fur).
To be a repository of items and information relating to the world history of leather
manufacturing and associated industries.
To engage with, encourage and exhibit present day and emerging craftsmen, using leather
in design, lrfe, sport, industry, fashion, and art.
Appointment of Tru8tee8
Trustees are recruited by invitation and appointed at the AGM.
An induction by the Chairperson is given to all newly appointed trustees.
Public Benefits Ststement
The Trustees have taken due regard to the Charity Commission's guidance on public benefit
It is a free at point of use resour￿ for the study, engagement, and involvement in the
development, uses and workmanship of18ather for the general public benefit.
Risk review
The Board of Trustees continues to rw4iew the risks to which the charity is exposed, and
system5 are in place to mits.gate these risks
Financial Review
The accounts ftjr 2023 reflect the ongoing transfer of the Museum's collection to the
Northampton Museum and Art Gallery. Income was almost entirely from grants and
donations, and we are grateful to our generous supporters including West
Northampton Council, The Worshipful Company of Saddler's and The Worshipful
Company of Skinner's and The Leatherseller's.

THE MUSEUM OF LEATHERCRAFT
Page 3
{A Company Limited by Guarantee)
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31•t DECEMBER 2023
Reserves
The current reserve policy is to maintsin sufficient cash flow for known commitments,
and the rep1a￿rnent of certain assets. Not all grants are received at the beginning of
the financial year others are re￿iVed in arrears.
Achievements, Perfonnance and Future
The Leathercraft Collection
2023 has been a momentous year for The Museum of Leathercraft with
memorandum of understanding being reach with Northampton Museum and Art
Gallery (NMAG) owned by West Northamptonshire Council (WNC) on the future of the
Leathercraft Collection. The memorandum covered four main areas - The Collections,
Curatorial Stsff, Future Plans and the future relationship with the MOL trustees.
The Leathercraft Collection -Thi8 has been gifted to NMAG under the terms of the
Memorandum of understanding. The transfer of the artifacts to strict museum
standards stsrted in October 2023 and will be complete by end April 2024. The
Leathercraft Collection will remain an independent collection within NMAG. Many of
the records have been transferred to Northampton Records Office also owned by
WNC. The transfer of the artrfacts has been well planned and executed professionally.
Curatorial Staff - James Hawksley our only full-time staff member was TUPE'ed
across to WNC as The Leathercraft Curator at NMAG.
Future Plans - NMAG will in phase two commit to a dedicated leather gallery as a
long-term commitrnent. NMAG will also develop a Shoe and Leather Resource Centre
to bring together their existing Boot and Shoe Collection and The Leathercraft
Collection as a resource for further funding.
Future relations with MOL trustees
The trustees no longer have ownership or
management responsibilities for the collection but will work with the NMAG on
supporting The Leathercfaft Collection. This Includes help and advice, funding
opportunities and using contacts and connections.
The Fur Collection is now the remaining collection within the MOL and it is hoped to
find a home for this collection in the near fvture although by its very nature this is a
difficult task. In the meantime, the collection is being logged and photographed.

THE MUSEUM OF LEATHERCRAFT
Page 4
(A Company Limitod by Guarantee)
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31•1 DECEMBER 2023
The Future of the MOL
As the MOL charity will no longer own the Leathercraft Collection or in fact have many
artifacts in its possession the trustees have decided that the articles of association and
the charity's name required a change to reflect this. On the 25th January The Museum
of Leathercraft was changed to The Leath•rcraft Trust with the follow object.
The objects of the CIO are to advance the education of the publi¢ in Leathercraft, its
history, industry, culture, applications and continuing craftsmanship by:
(1) promoting and supporting the care, preservation, enhan￿rnent and display of
collections of academic, cultural or historical value; and
(2) maintaining or supporting the maintenance of a library, leathercraft collection or
resource ￿ntre.
The next step on the charity's development is Convert to a charltable incorporated
organisation which hopefvlly will take place during 2024.
Our Supporter8
Finally, a big thank you to our 8UPPOrters who over the last year have helped us to
progress with their valuable advice and donations. These include The Skinners
Company, The Leathersellers Company, The Saddlers Company, The Gilander
Foundation, Leather UK, Association of Independent Museums, West
Northamptonshire Council and numerous private donors.

THE MUSUEM OF LEATHERCRAFT
Page 5
IA Company Limitsd by Guaran180)
DIRECTOR'S RESPONSIBILITIES
FOR THE YEAR ENDED 31•1 DECEMBER 2023
Company law requires the members of the Executive Committee to prepare financial
statements for each financial year, which give a true and fair view of the state of affairs of the
company and of the income and expenditure of the company for that period. In preparing
those financial statements, the members of the Executive Committee are required to:
select suitable accounting policies and then apply them consistently..
rnake adjustments and estimates that are reasonable and prudent..
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue its activities,
The members of the Executive Committee are responsible for maintsining proper accounting
records, which disclose with reasonable accuracy at any time the financial position of the
company and to enable them to ensure that the financial statements comply with the
Companies Act 2006. They have a general responsibility for taking such steps as are
reasonably open to them to safeguard the assets of the company and to prevent and detect
fraud and other irregularities
Presenled and approved by the board of trustees on 15th July 2024 and signed on their
behalf.
David Barrow
D1￿ctor
is
arrum
Director

rf Northamptonshire
A member of
navca
Independent Examiner's Report to the Trustees of:
THE MUSEUM OF LEATHERCRAFT
Reglstered Charity Number: 313056
I report on the accounts of the company for the year ended 31 $t December 2023. which are set out
on the attached pages 7 to 13.
Page 6
Re8pective re8ponsibiliti￿ of tru8ts•s and oxaminor
The trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts. The trustees consider that an audit is not required
for this year under Part 16 of the Companies Act 2006 (the Act) and that an independent
examination is needed.
Having satisfied myself that the company 18 not subject to an audit under company law and is
eligible for independent examination, it is my responsibility to:
examine the accounts under sectlon 145 of the Charities Act 2011:
follow the procedures laid down in tha general Directions given by the Charity
Commission (under section 145(5)(b) of the Act, a8 amended,. and
state whether matters have come to my attention.
Ba•ls of Independent examlnerfs 8tat•ment
My examination was carried out in accordance with general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It also includes consideration of any
unusual Item8 or disclosures of the accounts and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence tttat
would be required in an audit, arKI consequently no opinion is given as to whether the accounts
present a Irue and fair view,. and the report is limited to those matters set out in the statement
below.
Ind•pand•nl Examlner's Statement
I hav8 completed my examination. I confirm that no matters have come to my attention in
connection with the examinatlon giving me cause to believe that in any material respect..
accounting records were not kept accordance with the Compani88 section 386
of the 2006 Act: or
the accounts do not accord with these records.. or
the accounts do not ¢omply with the accounting requirements of sèction 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair
view, which is not a matter considered as part of an independent examination: or
the accounts have not been prepared in accordance with the methods and
principles of the Ststement of Recommended Practice for accounting and
reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
Brenda Peers-Ross FMAAT. ACIE
29th Juty 2024
Covncsl lor Voluntary S8pAca Northampton & County
32-36 Hozelwood Road. Northampton NNI ILN - Tel.. 01604 627128
Email.. (vs@cvsnorthomplon5hire.org.uk Website.. www.cvsnortharnpton5hire.org.uk
Charlty Reg. No. 1034697- ChL)rtlable Compony Llrntted by &Jarontee in England and Wales No. 2902472

THE MUSEUM OF LEATHERCRAFT
Page 7
(A Company Limited By Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 318t DECEMBER 2Q23
N¢)tes
Unrestrlcted
Reslrlctsd
Total
2023
Totsl
2022
In¢om6 and endowments from:
Donatlons and legacies
Charitable Activities
Investments
Oihef
Total Incomb and ondowments
2,828
77,215
2,828
97,515
180
81,287
20.300
80,043
20,300
100,343
81,467
Expondlturg on:
Raising Funds
Charitabl8 Activitias
Other
Total Expandituro
82,897
4,347
87,044
g5,814
82.697
4,347
95,814
Net Incomel(•xpondlture
(2,854)
15,953
13.299
{14.34n
Tran$f8r bslw00n fund8
Nat movement In funds
(2,6541
15.953
13,299
{14,347)
Total funds brought forward
18,971
18,971
33,318
Total fund4 carrlgd ft)rward
16,317
15,953
32,270
18,971
All of the activities of the charitable company are classed a8 continuing.
There are no recognised gains or losses other th8n those included in the Statement of Financial
Activitie5 shown above.

THE MUSEUM OF LEATHERCRAFT
(A Company Limited By Guarantee)
Page 8
BALANCE SHEEf AS AT 31st DECEMBER 2023
Com
Number:
0501963
Nota8
Unfestrfcted
Réstrfcted
Total
2023
Total
2022
Flxed Assets
828
828
1,105
Current Assots
Debtors
Cash at bank and in hand
2,031
15,088
17,117
2,031
31,039
33,070
7,308
11.973
19,281
15,953
15.953
Crodltors
Amounts falling due
within one year
1,628
(1,628)
1,828
(1,628)
1.415
(1,415)
Not Cuff•nt As8619
15,489
15,953
31.442
17,886
NET ASSETS
16,317
15.953
32,270
18,971
FUNDS
Unr88trlct8d
Restrlctod
Totsl
2022
Unrestricted fvnds
Restricted
18,317
16,317
15,953
32,270
18,971
15,953
15,953
16,317
18,971
For the year ending 31 gt December 2if23, the company wa8 8ntitl8d 1¢ exemption Ircffi audit un¢Jer
8octK>n 477 of thè Companleg Act 2008,
The dlrgctors ara aware Ihat..
(i) the members hpve not roqulrod tha company lo obtsift an audit of its awjunts for tho
year in question in a¢cord8nc8 with sèction 476.
(li) the directors acknowledge Ih8ir re8pcn8ibililie$ for wnplying with the requirement8 of
the Act with respect to 8ccountiro racords and tho proparatit)n of accounts.
{iii) th680 aco)unts hav• b￿n prepared In accordance the provisions applic8bl& lo
companie8 8ul¥'ect lo the 8mJll Compan￿8, regim&.
The a¢¢ounts have bean prepared in accordance with the Special pwsion$ relating lo small
c(Jnpan￿8 th￿thIn th8 Cornpanies Act 2006.
Approved by the trustees at a wmmittee meeting held on 15th Jully 2024
and Signed on their behalf by:
Director
Chris Matrum
Director

THE MUSEUM OF LEATHERCRAFT
(A Company Limited By Guarantee)
Page 9
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 31st DECEMBER 2023
AGcounting Poli¢ies
The financial stslements of the Charitable Company, which is a public benefit entity under FRS 102, have
been prepared under the historical cost convention and in accordanc8 with the Compani88 Act 2006 and
the Statement of R8commended Practice SORP (FRS 1021 issued on 1 st October 2019. applicable UK
Accounting Slandards and the ChaTities Ad 2011.
Format
The company ha5 taken advantage of the provisions of the Companiès Act 2006 and presented an income
and expendityre account in the form of a Ststement of Financial Activities on the grounds that it enables
the financial statements to show a true and fair view of the result for the year.
Fund accounting
G8neral fund8 are unrestricted funds which are available for use al the di5Gretion of the trustees in
furtheranR of the general objectives of the charity which have not been designated fgr pther purposes.
Designated funds o)mprise unrestricted Ivnés Ihst have been set aslde by the trustees for particular
purpos￿. The aim and use of each designated funds is 8et out in the notes to the financial
statements. Restrlcted furKls are funds which are to be used in a¢cordanc8 wth specific restrictions
Imposed by the donors or which have been raised by the charity for particular purposes.
ID¢omln9 mources
All incoming r880urces 8re included in the SOFA when the charlty Is legally enlltled to the income and the
amount can be quantified with reasonable accuracy. Grants are brought into a¢counl on a receivable basis.
Deferred income represents amounts received for future periods and is released to incoming resouices
in the period for which it has been re¢eiveé.
R¢8our¢es expended
All expenditure 18 acccunted for Cn an accrual8 basis and has been classified under headings that
aggregate all costs ielaled to the category. Expenditure is stated inclusive of value add•d tax.
- Cost of Generating Funds are those costs incurred in attracting voluntsry income.
- Charitable Activities include expenditure associated with direct $eNi¢es and membership support.
- Governance Costs include those incurred in the govemance of the Charity and its a88ets.
Tangiblg fix￿ a890ts and déprnclatlon
Dèpreclation Is calculated to write down the cost of all tangible fixed assets by instalments over the
expected useful lives. The period generally applicable are".
Equipment
Fixtures and fittings
Computer Equipment
25OA reducing b8lence
25% reducing balance
25% reducing balance
Intsngible incom•
Intsngible income. in the form of donatsd facilities and voluntary help otc., is not included in the
financial 5tateffftnts Sin￿ bt is not Consiéered practicable to quantify such income.

THE MUSEUM OF LEATHERCRAFT
(A Company Limited By Guarantee)
Page 10
PRINCIPAL ACCOUNTING POLICIES
FOR THE YEAR ENDED 31st DECEMBER 2023
Res8rrfo8
The current reserve policy is lo maintain sufficient cagh flow for known wmmitments, and th¢ replacement
of certain assets. Not all grants are received at the beginning of the financial year cthers are ￿e1Ved in
aTrears.
Risk
The directorsltiustees do not believe the organisation is subject to any substantial risk beyond those
disclosed in the Annual Report and Accounts.
Penslon costs:
The Charity operates a pension schema in lin• with Current legislation.

THE MUSEUM OF LEATHERCRAFr
Pag811
(A Company Limited By Guarants81
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31st DECEMBER 2Q23
Unrg9triGtod
Rostrlctod
2023
2022
Donations and Legacleg
Other Donations
2.828
2,82B
2,828
2,828
Income from Charitable Actlvltle8
Grants
Worshipful Company of Saddlers
Worshipful Company of Leatherse]lerfs
Museums at Risk
Skinners Malm6sbur
Association of Independent Museums
Gi18nder Foundation
West Northants Council
Other Grants
Service charge reimbursed
8.566
50,000
8,568
50,000
15,000
3,000
2,000
300
5,000
1,500
12,149
97,615
4,000
30,850
15,000
3,000
2,000
300
5,000
1,500
12.149
20,000
24,298
2,339
81,287
20.300
Expendltvro on Charitable Activlties
Employment costs
External support
Stsff expenses. travel etc.
JTindwdinsJ we￿18
Postagè, stationery, freight
Telephone
Publicty, marketing
Insurance
Dther costs
Volunteer Expen80S
Con8eNation
Professional Feas
Depreciation
utilbties
Administretion Costs
Prop&ty repair6 and maintsnance
Premises improvement costs
Service costs including rent
Sudborough Foundation grant returned
Equipment R&M
Governance
Accountancylpayroll fees
Independent Examination
28,967
100
1,946
994
28.967
3.300
35.874
3,200
826
910
1.2WJ
955
7,371
1,808
283
680
1,608
283
680
1,51b
451
8,000
8.000
690
277
3.028
5,654
5,075
6.028
3,540
690
277
3,028
5,654
5,075
6,719
327
2,476
22,245
22.245
18,888
6,080
270
270
1.08D
985
82,697
1,080
985
87,044
1,200
1,193
95,814
4,347

THE MUSEUM OF LEATHERCRAFT
(A Company Limited By Guarantee)
Page 12
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31st DECEMBER 2023
Unr•strithd
Restlicted
2023
2022
Tru$tqe3 and Employmerrt
Wages and salaries
NIER
Pension costs
Travel
28,532
28,532
35,407
435
435
467
28,967
2B.967
35,874
There Are no employee being p8id in exeess of £60,000 per annum.
The average number of full time employ888 during th8 year was: 1. {2022'.1.51
During the year the trustees re¢elved £nil in remuneTation. (2022 £nil)
The lotal expendbture reimbursed to trustees amounted to £nil.12022'. £nil)
Flxed Assots:
Plant &
Machlnery
Flxtur•8
Comput•r
& Flttlngs Equlpment
Total
Cost
Brought forward
Additions
Disposal$
Carried fonvard
1,852
20,255
1,028
22.935
1,652
20,255
1.028
22,935
Depreciatloft
Brought forward
Charge for year
Disposals
Carried forward
1,645
19,224
258
21,829
277
17
1,847
19,482
977
22,108
Nel Book Value
Balance at 31.12.23
773
828
Balan￿ at 31.12.22
1,375
1,105
2023
2022
D8btorB
Trade Debtors
HMRC
Prepayments
2,031
2,031
7,308
7.308
Credltor4 - Amounts falllng due wlthln one year
Sundryrrrade creditors
Accruals
Tax & Social security costs
(689)
(939)
(282)
(892)
241)
(1,415)
(1,628)

THE MUSEUM OF LEATHERCRAFT
Page 13
(A Company Limrted By Guarantee)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31st DECEMBER 2023
R05talod
Balance
01.01.23
Tran¥f•r
Movemenl between
Out
nds
Movement
In
Balance
31.12.23
Unrestrlcted and
Deslgnated Reserves
Unrestrictgd - general rgserve
l)eslgnated
Saddlers Company
Phillips Charitsble Trust
Donation Lampard
Radcliffe Trust
Provincial Grand Charity
Kathy Callow Grant
Daphne Bullard
Aurelius Charitable Trusl
3,328
80,043
175.163)
5,000
13,208
1.072
5,000
1,827
2,905
2.520
275
(1.072)
<5,000)
1.827
1,282
(1.6231
(2,520)
12751
(544)
1.500
82,697
1,500
18,971
80,043
16.317
sadd￿rs Company - provide ftjnds for the restoration of artefacts Ihat incluée a saddles.
Phillips Charitable Trust- contribution towards the costs of the recollection$ exhibition.
Donation Lampard donaticn towards the cost of repacking the Museum's glove collection.
Radcliffe TruBt- contribution towarés the conservation of the Kite collaction.
Provencal Grand Charity - for the conservation of Masonic iiem5 held by the Museum.
Kathy Callow grant is for the purchaBe of conservation grade packing materials.
Daphno Bull8rd orant is for the purchase of hat boxes for the hat collection.
Aurelius Charitable Trust funds are for the conservation of the Kite collection.
Restricted Funds
There were no rastrlctftd funds In 2022.
Balance
Movement
Movem8nt bet4Yeen
Out
fund%
Balance
31.12.23
Q1.Ql.23
Museums at Risk
Gilders Foundation
Skinners
Independerrt Museums
15,000
300
3,000
2,000
20,300
(1.1471
(3001
(9001
2.000
13,853
2,11)0
Museums at Risk-contribulion towards associated costs with Museum transfer.
Gliders Foundation- funds towarés wages and expense.
Skinners Granl - funds for tho preservation of fur collection.
Independent Museums - to cover wages and expenses.
10
Related Party Transactlon8
There are no relat￿1 paty transactions in the QJTrenl year or In 2022.
11
uitlmate Controlling Party
The charitabb company is under the ultimate control of its trustees, who are also the
director5, ané whose names are shown at the front of the financial statsments.