NORTON
PRIORY
MUSEUM & GARDENS
THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
ANNUAL REPORT AND ACCOUNTS
FOR YEAR ENDED 31 MARCH 2025
Company Registration Number - 01232182
Charity Number - 504870

Cover Photo:
Image from Medieval Weekend in August 2024, showing the camp area with the
museum in the background.

THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
CONTENTS
PAGE
TRUSTEES ANNUAL REPORT
Chair's Report
Our purposes and activities
Achievements and Performance
Financial Review
Plans for the Future
Reference and Administrative Details
Structure Governance and Management
10
Trustee responsibilities relating to the financial statements
12
Statement as to disclosure to our Independent Examiners
13
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS
14
STATEMENT OF FINANCIAL ACTIVITIES
16
BALANCE SHEET
17
CASH FLOW STATEMENT
18
NOTES TO THE FINANCIAL STATEMENTS
19
DETAILED INCOME AND EXPENDITURE ACCOUNT
33

Page 1
THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The Trustees have pleasure in presenting their annual directors, report together with the
financial statements of the charity for the year ended 31 March 2025 which are also
prepared to meet the requirements for a directors, report and accounts for Companies
Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006,
the Articles of Association, and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2015).

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
CHAIR'S REPORT
In 2024125, Norton Priory welcomed several new positive initiatives as well as dealing
with a number of challenges.
The museum entered its second year as an Arts Council National Portfolio Organisation
(NPO), with the high-profile designation and extra funding again proving a game-
changer. The events programme, under the artistic direction of A Place for Us, attracted
new audiences and a diverse range of high-quality performers, including the Liverpool
String Quartet.
After the huge success of Luke Jerram's Gaia in January 2024, the museum arranged
for his similar planetary exhibit, Mars, to hang in the foyer for six weeks, January -
March 2025. This again proved a popular draw, as the red planet gave a major boost for
the museum at a traditionally quiet period in the calendar. A full diary of supporting
activities and events attracted both regular supporters and first-time visitors.
In January 2025, we welcomed a new local catering company, Olive Tree, to run the
museum café and crucially to provide a more flexible, higher quality food offer to
complement Norton Priory's expanding events and activities programme.
Community engagement is key to ensuring Norton Priory's future survival and success.
Highlights for the year included the popular Medieval Weekend in August, the autumn
Quince and Apple Festival and traditional Christmas Fair. The Education Team also
welcomed thousands of local school pupils on a range of tailored courses. Staff are
supported by a fantastic team of more than 60 brilliant volunteers who help with a range
of tasks around the museum and gardens, and at special events.
In terms of challenges, operating costs continued to be high, particularly utilities and
maintenance bills, although building costs were lower than the previous year.
The Trust would like to put on record its appreciation for all the ex￿lIent work by the
Museum's CEO, staff, trustees and enthusiastic volunteers - a great team effort which
ensures Norton Priory continues to thrive as a valued museum and visitor centre.
The Trust again benefited from a wide range of partnerships including Halton Borough
Council, Arts Council England and other funders.
In 2026, we look forward to maximising opportunities created by Culture 26, a third year
of NPO activities and other positive developments around the 42-acre estate.
Lynn Pegler DL
Chair of Trustees

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THE NORTON PRIORY MUSEUM TRUST LTD
{Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Our purposes and activities
The objects of the Company as set out in the Articles of Association are to preserve.
restore and improve the buildings, features, objects and gardens on the historic site of
Norton Priory in Runcorn, Cheshire, and to operate a museum interpreting the site and
its history for the benefit of everyone, both now and in the future.
The above is encapsulated in the Trust's mission statement: 'To conserve, champion
and celebrate the heritage, landscapes and collections of Norton Priory for present and
future generations,
The strategies employed to achieve the charity's aims and objectives are to:
Provide first-class museum and horticultural displays to engage new and diverse
audiences.,
Provide a creative and busy programme of events and changing displays to
attract repeat visits and to broaden our appeal. and
Provide an excellent education programme designed to engage as many schools
and community groups as possible, including a special focus on people from
areas of high deprivation and those with disabilities.
Putting these strategies into action, the Trust has three major areas of activity which
comprise of"
1. The museum building and its collection.
2. The gardens and grounds. and
3. The community engagement and events programme.
In shaping the objectives, the Trustees have considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit:
running a charity (PB2)'.
The Trust aims to provide the broadest access to and engagement with the collections,
gardens and archaeological site. All charitable activities, including the education and
events programme are aimed at ensuring that the widest possible range of people are
able to enjoy and learn from Norton Priory's resources and facilities.
A well-established volunteer programme, provides skills development and social
engagement opportunities at Norton Priory to a wide range of, mainly, local people.
Our collection and site
Norton Priory is recognised as Europe's most excavated medieval monastic site and
includes a Grade I listed 12th century Undercroft, which is integrated into the museum
building. The Priory ruins, collection of over 200,000 artefacts, plus the gardens and
grounds enable us to tell the story of nearly 900 years of history from the founding of the
Augustinian Priory in 1134, its upgrading to mitred abbey status in 1391, its dissolution
in 1536, incorporation in a 16th Century Tudor house and then an 18th Century Georgian
house, through to the continuing excavations begun in 1971. Areas of the Scheduled
Monument continue to be explored, as funding permits.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Our learning and outreach programmes
The learning programme has become well established and works with both formal and
informal education providers. Learning sessions for children and young people are
curriculum linked and regularly evaluated.
The sessions cater for a broad range of ages and abilities and provide the bedrock of
Norton Priory's learning programme. This is complemented by adult learning
workshops which are based around traditional skills, such as hedge laying and fruit tree
grafting. The Trust continues to work with a range of other partners, including The
Bluecoat in Liverpool and independent providers to deliver a broad range of inclusive
learning and development opportunities. Outreach events are delivered at a range of
partner buildings and schools.
The team delivers learning sessions and workshops which draw on Norton Priory's
heritage and natural resources and are supported by a range of talented volunteers.
The development and management of the volunteering programme at Norton Priory is
also part of the Learning Team's remit.
Our gardens and grounds
The Trust manages an estate of 42 acres, which includes the excavated remains of the
medieval monastic complex, woodland, orchards, meadows and the Walled Garden.
Much of the area around the museum building is classified as a Scheduled Monument,
whilst the estate is home to the National Collection of Tree Quin￿.
The Head Gardener has overall responsibility for the grounds of the estate, with a
special focus on the Walled Garden. He is supported by a range of regular volunteers
who assist in the maintenance on the Walled Garden.
The Ranger advises on providing the best habitats for the diverse fauna that inhabits
the area, with a special focus on pollinating insects and protected species. The
Ranger's role also includes educates members of the public in environmental and
wildlife issues through outreach and onsite formal and informal learning sessions.
Our Volunteers
The Trust is grateful for the support of a dedicated team of around 60 volunteers. They
assist with the presentation of the grounds and gardens, improving the visitor
experience and help to deliver learning sessions.
Our Staff
The Trust has a small staff team, headed by the CEO. The team work together to
increase engagement, improve the visitor offer, to build sustainability for the site, and to
ensure the site continues to be looked after and developed.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Achievements and Performance
The work of the Trust is focussed on delivery of public benefit, providing access to the
museum and the gardens and grounds which surround it.
Visitors
The site welcomed 38,267 visitors during 2024125, which represented an increase of
5.5 % over the previous year. Visitor numbers remained below pre-pandemic levels
during the year, but are only 4.14 % below the number of visitors recorded in 2019120. It
is expected that, once the road infrastructure work has been completed and the
disruption ended, visitors will have more access to the site resulting in increased visitors
going forward.
Opening hours continued at 5 days per week, with an additional weekday during school
holidays. The site was closed on Saturdays when a wedding was booked between April
and September. Weekday closed days during termtime were used to support school
visits and other group visits, which continued to be popular with schools.
Free entry for children was introduced as part of a year-round offer, following a
successful trial in Summer 2023. Access for families and local residents is an important
part of the Trust's offer. Throughout the year there are a range of opportunities for them
to actively engage as part of leisure as well as educationally.
Collections and Site
A temporary loan of The Clangers, from the BBC TV show, was arranged to coincide
with the installation of Luke Jerram's Mars in Quarter 4 (January- March 2025).
Whilst no new excavations were carried out in 2024125, planning for excavations in
2025126 commenced. Work with Daresbury SciTech also continued, with computer-
generated imagery of the house and gardens set against the context of the 2023124
excavations.
Learning and Outreach
Learning visitor numbers totalled 4,821 attendees. Whilst this represented a reduction
of 3.91 % compared to the previous year, this had been enhanced by school theatre
attendances. Overall, 2024125 showed a continued growth in formal school learning
sessions.
Cross-curriculum school visits continued to prove popular through the year, and
evaluation from schools was consistently strong. The year also saw a strong growth in
learning sessions for Home Educated children and young people.
Gardens and Grounds
The new apple orchard planting continued. This will provide a 'living library, of both
Cheshire and Lancashire heritage apple varieties and has links to future development
plans for the Walled Garden.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Work on a new quince orchard commenced during the year and this will help to
increase the ease for visitors to see different varieties in proximity.
Tree work continues to be an increased cost for the Trust, as the woodland is ageing
and climate change is increasing the number of storms.
Events
Alongside Norton Priory's regular events programme, new events included Mars at the
Museum, and a range of theatrical, comedy and music perfOrman￿S. The
performances included concerts by Liverpool String Quartet, a range of children's
touring theatre companies and a number of comedy performances. These helped to
test the market for different types of events at the site.
The Medieval Weekend saw an increase of 55.5 % in visitor numbers over the previous
year, and is now established as an annual event. Good weather saw strong turnout for
the Quince and Apple weekend in October, whilst Christmas saw a number of events
selling out. Mars at the Museum saw the museum enjoy its busiest ever February half-
term.
Being an Arts Council England National Portfolio Organisation (NPO) has enabled the
Trust to broaden the cultural programme, including events, and the feedback from
visitors and participants is used to develop future events. The NPO status enables the
Trust to experiment and test out new events and approaches to reach new audiences.
Financial review
2024125 was a challenging year, with operating costs continue to increase across the
estate. Utility costs remain high and audiences continue to be price sensitive, as a
result of ongoing pressures on family budgets.
Building maintenance costs were lower than in 23124, but continue to reflect the
building's aging, with 2026 marking the 10-year anniversary of the building being
opened.
The investment from Arts Council England as a National Portfolio Organisation enabled
the Trust to better meet challenges and to continue to champion creativity, with the
installation of Luke Jerram's Mars in Quarter 4 a clear highlight.
There was a positive Net Income figure for the year of £36k which compares with a net
expenditure figure of £21 k in 2023124.
The Trust's General Reserve increased by £5k to £220k.
Principal Funding Resources
Norton Priory Museum and Gardens is owned by Halton Borough Council and leased to
the Trust to operate and develop. As a result, The Council provides the Trust with an
operating grant of £174k_towards the running costs for the year. This covered 28 % of

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
the Trust's 2024125 revenue expenditure. 720/0 of the expenditure is through earned
income and grant applications submitted by the Trust, where the Trust maximises the
Council Grant wherever possible as match funding. The Council grant is subject to
annual approval by the Council.
The Trust seeks further funding wherever possible to extend its range of activities and,
in addition to the second year's NPO grant of £136.5k, received other grants totalling
£5k.
Admission charges, including day admissions, events, membership and gift aid thereon,
totalled £209k compared to £182k in the previous year as the Museum continued to
recover from the impact of Covid19. Shop sales were £43k, compared to £38k in the
previous year.
Investment Powers and Policy
Under its Articles of Association, the Trust may invest any monies not immediately
required for its purposes in such investments, securities or property as may be thought
fit. Currently such monies are held in a Deposit Account.
Rese￿eS Policy
The Board has reviewed the level of Trust reserves required to provide an adequate
working balance, to fund unforeseen emergency repairs to its property, and to allow the
Trust to scale down its activities on a manageable basis in the event of an emergency
situation.
The Board considers that the ideal level of reserves would be three months,
expenditure, i.e. £157k based on its 2024125 annual operating costs. As at 31 sl March
2025, the free reserves {i.e. after excluding the Furniture & Equipment reserves of
£144K which represent tangible fixed assets and the Restricted funds of £46k), totalled
£226k. The additional £69k will be utilised to continue to support the Trust's operating
costs, including increased utility costs in 2025126.
There was a surplus on the Pension Fund as at 31 March 2025 as calculated by the
Actuary in accordance with FRS102 of £1,247k, compared with a surplus at 31 March
2024 of £975k. The main reason for the movement was a positive change in the
financial assumptions compared to the previous year. The Trust's contributions to the
Pension Fund are assessed every three years with the latest review being at March
2025. This is based on a Funding valuation which is different to an Accounting
valuation.
Going Concern Basis
The financial pressures facing the Trust, and indeed the wider cultural sector, are
expected to continue into the coming years. The Trust has identified earned income as
a growth area, via improved on-site catering and a stronger events programme.
The Trustees will consider investment expenditure where opportunities arise. This may,

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
for example, result in investing in capital spend to reduce operating costs or to increase
potential income.
This approach, combined with the continued operational grant from the site owner,
Halton Borough Council, into 2025126, will ensure that the site can continue to be
operational for the foreseeable future.
The Trustees are aware that the ongoing challenges facing the sector, which are
expected to continue to negatively affect the short-term financial position of Norton
Priory, can be managed by the use of free reserves.
Expectations for 2025126 are that electricity costs will stabilise, whilst it is hoped building
costs will become more predictable. Combined with a popular events programme and
income from venue hire and retail, this will help increase earned income. supported by
National Portfolio Organisation funding from Arts Council England. As a result, the
going concern basis has been adopted in preparing the Trust's financial statements.
Plans for the Future
The Trustees are looking ahead to continued improvements across the estate, including
at the Walled Garden, whilst also being alert to the impact of increasing utility and other
operational costs. Business cases will be developed to ensure the sustainability of any
new developments.
Trustees are also developing a simple logic model to illustrate the impact of NPM&G
across a range of charitable and social outcomes. This will fully capture the benefits
which will support funding applications, reports to existing funders and opportunities to
showcase the work across the sector.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Reference and Administrative Details
Charity Number
504870
Company Registration Number
01232182
Principal & Registered Office
Tudor Road
Manor Park,
Runcorn
WA7 1SX
OurAdvisors
Independent Examiner
Giles Mattocks FCA
Mattocks Grindley Ltd
18 Mulberry Avenue
Turnstone Business Park
Widnes
WA8 OWN
Bankers
National Westminster Bank PIC
146 Widnes Road
Widnes
WA8 6BB
Directors & Trustees
The Directors of the charitable company are its Trustees for the purpose of charity law
and throughout this report are collectively referred to as the Trustees.
The Trustees who senied the charity during the year and since the year end were:
Mr Dwayne Johnson
Chair from 11 December 2023, Resigned 18 June
2024
Chair from 18 June 2024
Vice Chair
MrsL
nnPe
ler DL
Ms Moira Stevenson
Cllr. John Abbott
Sir Richard Brooke
Cllr Christo
her Carlin
Mrs Ha
Davies
Ms Emil Harrison
Ms Therese Kearne
Mrs Eleanor Manson-swako
Dr. Martin Morlid
Cllr. Paul Nolan
Vice Chair
Resi
ned on 18 June 2024

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
MrGu
Thomas
Trustees annotated with an asterisk were nominated by Halton Borough Council
Senior Staff
Museum CEO
Senior Keeper
Head Gardener
Visitor Experien￿ Manager
Rob Sanderson-Thomas
Lynn Smith
Richard Newton
Claire Broadhurst
Structure, Governance and Management
Governing Document
Norton Priory Museum Trust Limited is a company limited by guarantee formed in 1975
and governed by its updated Articles of Association dated 25th April 2017. In the event
of the company being wound up, members are required to contribute an amount not
exceeding £1.
The Trust is registered as a charity with the Charity Commission with the objects of
preseniing, restoring and improving the buildings, features, objects and gardens on the
historic site of Norton Priory in Runcorn. operating a museum interpreting the site and
its history. and to support the preservation and management of other historic sites in the
area for the benefit of the public.
Recruitment and Appointment of Trustees
In line with the Trust's Articles of Association, the Trustees are also the Company's
Directors and the only members of the Company. Halton Borough Council, the Trust's
major stakeholder and funder, have the right to nominate three Trustees as laid down in
a funding agreement. With the exception of Halton Borough Council nominees, Board
Members appointed after 25 April 2017 are appointed for a term of five years and may
stand for re-election for a further term of five years. At this point a Board Member must
retire, but after one year is able to be elected for a further, final term of five years.
The Trust looks to enhance its skills base as need arises and apart from utilising known
contacts will advertise vacancies on its website and make approaches to relevant
organisations.
No Trustee receives remuneration or other benefit, including expenses, from their work
with the charity.
Trustee Induction and Training
New Trustees undergo an induction session with the Trust's Director and have an
opportunity to meet the staff. A new induction pack has been produced to give new
Trustees a broad picture of the charity and its work and this pack includes a role
specification and code of conduct for the Board as well as the Charity Commission
publication, 'The Essential Trustee,.

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THE NORTON PRIORY MUSEUM TRUST LTD
{Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
They are briefed on their legal duties under charity and company law, the content of the
Articles of Association, the committee and decision-making pro￿sseS and recent
financial performance of the charity. Trustees are encouraged to attend events and
training days which will help in the understanding and discharge of their roles. Trustees
are also made aware of the Charity Commission's guidance on. the delivery of public
benefit.
Property
Norton Priory is a scheduled monument incorporating the Grade I listed Priory
Undercroft and is in the ownership of Halton Borough Council (Halton Council). The
Trust holds a 30-year lease to 2041. The Trust re￿iVeS an annual grant from Halton
Council to facilitate the running of the site.
The Trust manages the Walled Garden site under a separate lease and management
agreement which also runs to 2041 . The Trust receives each year the interest on an
endowment held by Halton Council towards the site's maintenance.
Professional support services for Halton Castle are provided for Halton Council under
an annual service level agreement.
Organisational Structure
The Board of Trustees, specified by the Articles of Association as be￿een 10 and 20
members, oversees the operation of the Charity. The Board meets at least quarterly
and there are sub-committees covering Personnel and Finance & Strategy and
particular projects for the life of that project.
The Senior Management Team have authority, within terms of delegation approved by
the Trustees, for operational matters including finance, employment and professional
activities related to the scheduled sites.
Related Parties and co-operation with other organisations
The Trust has a close relationship with Halton Borough Council, its main funder and the
owner of the site, as evidenced by the presence of three Council nominees on the
Board of Trustees.
The Trust also works closely with the national and regional museums and heritage
sector, especially National Museums Liverpool and Historic England, who support the
Trust's work with advice, loans and scheduled monument consent.
Research projects typically engage a number of universities each year and there are
particularly close and ongoing collaborations with the universities of Liverpool John
Moores, Liverpool and Nottingham.
The Trust has on-going partnerships with local and national bodies including the
Woodland Trust, who manage woodland adjoining the scheduled site and Halton
Heritage Partnership, a collective of independent groups who act together as custodians
of the borough's heritage.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The Trust has also excellent links with many local Halton schools, colleges, educational
and community groups. The Trust works in partnership with groups and organisations
including The Bluecoat in Liverpool, Cultivate, and A Place for Us CIC.
Employee Matters
The Trust operates a performance management system for all staff, linked to the
Business Plan, with appraisal and review meetings taking place each year.
The starting salary for senior staff is recommended to the Trustees by the Personnel
Sub-committee. The pay policy for all staff is reviewed by the Personnel Sub-
Committee and recommendations made to the Trustees.
Any Local Government pay award for Administrative, Professional and Technical staff
implemented by Halton Council is taken into account when deciding on the level of pay
review, as well as changes in minimum wage, cost of living, sector benchmarks, and
above all, affordability to the Trust.
Risk Management
The Board has approved a risk management framework setting out the main financial
and business risks facing the Trust and matching the controls in place to mitigate those
risks. The major risk currently facing the Trust is failure to generate sufficient income to
maintain its operation.
Trustee responsibilities relating to the financial statements
The Trustees are required by UK Company Law to prepare financial statements for
each financial year that give a true and fair view of the state of affairs of the Company
as at the end of the financial year and of the net incoming or outgoing resources of the
Company for the period.
In preparing these financial statements, the Trustees have:
selected suitable accounting policies and applied them consistently.
made sound judgements and estimates that are reasonable and prudent;
followed applicable accounting standards; and
prepared the financial statements on a going COn￿rnS basis.
The Trustees are responsible for maintaining adequate accounting records which
disclose with reasonable accuracy at any time the financial position of the Trust and
enables them to ensure that financial statements comply with the Companies Acts. The
Trustees are also responsible for ensuring that there are sufficient internal controls to
safeguard the assets of the Company and for taking reasonable steps for prevention
and detection of fraud and other irregularities.

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THE NORTON PRIORY MUSEUM TRUST LTD
(Limited by Guarantee)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Statement as to disclosure to our Independent Examiners
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as each trustee is aware, there is no relevant audit information of which the
charity's independent examiner is unaware. and
each trustee has taken all steps that they ought to have taken as a trustee to make
themselves aware of any relevant audit information and to establish that the
charity's independent examiner is aware of that information.
This report was approved by the Trustees at the Annual General Meeting on 9
De￿rnber 2025.
Signed on behalf of the Trustees:
YL P¥Qc
Lynn Pegler DL (Chair of Trustees)
9 December 2025

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THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
THE NORTON PRIORY MUSEUM TRUST LTD
YEAR ENDED 31 MARCH 2025
I report to the directors on my examination of the financial statements of The Norton
Priory Museum Trust ('the charity,) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company
law) you are responsible for the preparation of the financial statements in accordance
with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be
audited under Part 16 of the 2006 Act and are eligible for independent examination, I
report in respect of my examination of the charity's accounts as carried out under
section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination
I have followed the Directions given by the Charity Commission under section
145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity's gross income ex￿eded £250,000 your examiner must be a
member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified
to undertake the examination because l am a member of the Institute of Chartered
Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention
in connection with the examination giving me cause to believe:
accounting records were not kept in respect of the charity as required by
section 386 of the 2006 Act, or
2. the financial statements do not accord with those records. or
3. the financial statements do not comply with the accounting requirements of
section 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 financial statements have not been prepared in accordance with the
methods and principles of the Statement 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).

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THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
THE NORTON PRIORY MUSEUM TRUST LTD
YEAR ENDED 31 MARCH 2025
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
Mr G Mattocks FCA
Independent Examiner
MAThOCKS GRINDLEY LTD
Chartered Accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN
q December 2025

**Page 16** 

## **THE NORTON PRIORY MUSEUM TRUST (Limited by Guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR YEAR ENDED 31 MARCH 2025** 

|||**Unrestricted Restricted**|**Unrestricted Restricted**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
||**Note**|**Funds**|**Funds**|**2025**|2024|
|||£|£|£|£|
|**Income from:**||||||
|Donations and grants|2|2,942|146,545|**149,487**|**209,281**|
|Charitable activities|3|427,958||**427,958**|**392,413**|
|Other trading activities|4|156,723||**156,723**|**92,690**|
|**Total income**||**587,623**|**146,545**|**734,168**|**694,384**|
|**Expenditure on:**||||||
|Raising funds|5|119,018|10,983|**130,001**|**111,500**|
|Charitable activities|6|507,842|59,971|**567,813**|**603,883**|
|**Total expenditure**||**626,860**|**70,954**|**697,814**|**715,383**|
|**Net income**_I_**(expenditure)**|8|**(39,237)**|**75,591**|**36,354**|**(20,999)**|
|**Transfers between Funds**|21|89,785|(89,785)|||
|**Other recognised gains / losses**||||||
|Remeasurement surplus/ (deficit) on<br>defined benefit pension scheme|10|221,000||**221,000**|**110,000**|
|**NET MOVEMENT IN FUNDS**||**271,548**|**(14,194)**|**257,354**|**89,001**|
|**RECONCILIATION OF FUNDS**||||||
|**Fund Balances brought forward**||**1,339,970**|**60,460**|**1,400,430**|**1,311,429**|
|**Total Funds carried forward**||**1,611,518**|**46,266**|**1,657,784**|**1,400,430**|



The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure were derived from continuing activities. 

- **of** _**The Notes on Pages 18 31 form part these Financial Statements**_ 

. . ,- ' 



Page 17 

## THE NORTON PRIORY MUSEUM TRUST (Limited by Guarantee) 

## **BALANCE SHEET** 

## **AS AT 31 MARCH 2025** 

||**Notes**|**2025**|2024||
|---|---|---|---|---|
|||£<br>£|£|£|
|**Fixed assets**|||||
|Tangible assets|14|**160,615**||**164,663**|
|**Current assets**|||||
|Stocks|15|13,156|11,489||
|Debtors|16|56,707|79,748||
|Cash at bank and in hand|17|273,366|255,488||
|**_Total current assets_**||**343,229**|346,725||
|**Liabilities:**|||||
|Creditors: Amounts falling due within one<br>year|18|**(93,060)**|**(85,958)**||
|**_Net current assets_**||**250,170**||**260,767**|
|**_Net assets excluding pension liability_**||**410,784**||**425,430**|
|Defined benefit pension scheme asset_I_<br>(liability)|10|**1,247,000**||**975,000**|
|**Total net assets**|22|**1,657,784**|**1,400,430**||
|**The funds of the charity:**|||||
|Restricted income funds|19|**46,265**||**60,460**|
|Unrestricted funds:|||||
|Designated funds|20|144,041|149,608||
|Pension reserve|20|1,247,000|975,000||
|General reserve|20|220,478|215,362||
|**_Total unrestricted funds_**||**1,611,519**|**1,339,970**||
|**Total charity funds**||**1657,784**|**1,400,430**||



For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Trustees' responsibilities: 

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the Trustees and authorised for issue on Ya 9 December 2025 and are signed on behalf of the Board by: Ror 

**Lynn Pegler DL (Chair of Trustees)** 



**Page 18** 

## **THE NORTON PRIORY MUSEUM TRUST (Limited by Guarantee)** 

**STATEMENT OF CASH FLOWS FOR YEAR ENDED 31 MARCH 2025** 

|||**Previous**|
|---|---|---|
||**Total**|**Year**|
||**Funds**|**Funds**|
||£|£|
|**Cash flows from operating activities:**<br>**_Net cash provided by (used in) operating_**<br>**_activities (See Note 23)_**|20,878|(134,954)|
|**Cash flows from investing activities**|||
|Purchase of Fixed Assets|(3,000)|(7,140)|
|**_Net cash provided by (used in) investing activities_**|(3,000)|(7,140)|
|**Change in cash and cash equivalents in**<br>**reporting period**|**17,878**|**(142,094)**|
|**Cash and cash equivalents at beginning of**<br>**reporting period**|255,488|397,582|
|**Cash and cash equivalents at end of reporting**<br>**period**|**273,366**|**255,488**|





Page 19
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
The principal accounting policies of the Trust are set out below. These policies have been
applied consistently throughout the year.
Basis of preparation
The financial statements have been prepared in accordance with the Charities Statement
of Recommended Practice (SORP) (FRS102) second edition issued in October 2019, the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2015), and the Companies Act 2006.
The Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy note(s).
Income recognition
Items of income are recognised and included in the accounts when all of the following
criteria are met-
the charity has entitlement to the funds,.
any performance conditions attached to the item(s) of income have been met or are
fully within the control of the charity.,
there is sufficient certainty that receipt of the income is considered probable., and
the amount can be measured reliably.
Income re￿iVed in advance of weddings or group bookings is deferred until the criteria for
income recognition are met.
For legacies, entitlement is taken as the earlier of the date on which either.. the charity is
aware that probate has been granted, the estate has been finalised and notification has
been made by the executor(s) to the Trust that a distribution will be made, or when a
distribution is received from the estate. Receipt of a legacy, in whole or in part, is only
considered probable when the amount can be measured reliably and the charity has been
notified of the executor's intention to make a distribution. Where legacies have been notified
to the charity, or the charity is aware of the granting of probate, and the criteria for income
recognition have not been met. then the legacy is a treated as a contingent asset and
disclosed if material.
Expenditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation
can be measured reliably. Expenditure is classified under the following activity headings..
Costs of raising funds comprise costs associated with the shop, marketing and
publicity costs, and their associated support costs.
Charitable activities comprise those costs incurred by the charity in the delivery of
its activities and services. It includes both costs that can be directly attributed to
such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between activities on a basis consistent with the use of the resources.

Page 20
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. They include finance and administrative costs,
communication costs and governance costs which support the Trust's activities. These
costs have been allocated between cost of raising funds and expenditure on charitable
activities. The bases on which support costs have been allocated are set out in the notes
to the accounts.
Pensions
The Trust contributes to a defined benefit pension scheme, with pension contributions being
paid to the Cheshire Pension Fund in accordance with the recommendations of the actuary.
The scheme is funded, with the assets of the scheme administered by trustees appointed
by the Fund and held separately from those of the Trust. The Trust fully adopted FRS17
for the accounting treatment of retirement benefits for the first time in the year ended 31
March 2006. The effect of this change was to recognise pension scheme deficits and
surpluses in the Trust's balance sheet. The difference between current service costs and
the Trust contributions plus net return on assets is charged or credited to expenditure in the
statement of Financial Activities.
Actuarial gains and losses are recognised in the Statement of Financial Activities after Net
Income/Expenditure for the year. The resulting defined pension scheme surplus or liability
is stated in the Trust accounts after Net Current Assets on the Balance Sheet.
Actuarial valuations of the pension scheme are obtained triennially and updated at 315t
March each year.
Fixed Assets
Tangible fixed assets are stated at cost less accumulated depreciation. Only individual
items costing in excess of £2,500 are normally capitalised.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual
value, over the useful economic life of that asset as follows:
Motor Vehicles
10 years
Furniture and Equipment 5 - 30 years depending on life of asset
No depreciation is provided on the 16 C Flemish cabinet as Trustees consider that it will
hold its value.
Where fixed assets are funded by grants or donations and capitalised in accordance with
the Trust's accounting policies, the corresponding gain is recognised as income in the
Statement of Financial Activities in accordance with FRS102. A designated reserve is also
created against which the annual depreciation charges are transferred.
Costs incurred on the Museum reconstruction (with the exception of furniture & equipment)
have not been capitalised as almost all the expenditure was incurred by the freeholder,
Halton Council, and the property is included in their accounts.
Current Assets
Stock is represented by non-consumable and consumable items for resale which are stated
at the lower of cost and net realisable value, after making allowance for slow moving and
obsolete items.

Page 21
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid after taking account of any
trade discounts due.
The Trustees have the power to invest in such assets as they see fit subject nevertheless
to such conditions and consents as may for the time being be imposed or required by law.
Surplus funds have been deposited with Banks and Building Societies in accordance with
the Trust's approved investment policy.
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
Fund structure
The Trust's funds are split as follows..
Unrestrictedfunds- these funds are available to spend on activities that further any of the
purposes of charity. They include the General Reserve which provides for future working
capital and helps to protect the Trust against any unexpected expenditure.
Designated funds - these are unrestricted funds of the charity which the Trustees have
decided at their discretion to set aside to use for a specific purpose.
Restricted funds - these are donations or grants which the donor has specified are to be
solely used for particular areas of the Trust's work, or where funds have been raised by the
Trustees for a particular purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
Income from donations and grants
2025
2024
Restricted..
Donations and sponsorship
Grants
5,000
141,545
6,111
194,437
Unrestricted..
Donations
2,942
8,434
299
Grants
149,487
209,281
The Trust benefits enormously from the involvement and enthusiastic support of its
volunteers. In accordance with FRS102 and the Charities SORP (FRS102), the economic
contribution of general volunteers is not recognised in the Accounts.

Page 22
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
2025
2024
Income from charitable activities
Admission charges including gift aid
Support from Local Authority
Other income
208,606
188,390
30,962
182,391
188,516
21,506
427,958
392,413
All the above was Unrestricted income.
Income from other trading activities
Shop sales
Rents and service charges
Other income
43,403
49,961
63,359
37,566
22,057
33,067
156,723
92,690
Income from trading is all Unrestricted income and consists entirely of sales made in the
United Kingdom.
Expenditure on raising funds
Cost of shop stock sold
Advertising costs
Staff and administrative costs
19,843
14,592
95,566
15,631
15,514
80,355
130,001
111,500

Page 23
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Analysis of charitable activities
2024125
li
staff costs
Buildings
Grounds
79,499
12,146
86,731
85,017
51,635
12,145
29,595
217,865
109,308
29,595
98,216
31,239
7,048
58,698
15,844
567,813
Activities
Administration
Depreciation
Support costs (Note 7)
Governance costs (Note 7)
Totals 2025
83,987
10,187
14,229
14,035
6,524
23,367
6,308
236,211
7,017
524
21,419
5,781
213,019
13,912
3,755
118,583
The Staff Costs above include a credit of £51,000 in respect of an FRS 17 pension
adjustment.
2023124
Staff costs
82,229
11,736
82,747
82,150
69,499
11,736
31,185
234,475
105,622
31,185
112,335
40,935
6,091
58,864
14,376
603,883
Buildings
Grounds
Activities
88,848
13,733
23,487
18,135
5,567
20,773
5,073
237,932
Administration
Depreciation
Support costs (Note 7)
Governance costs (Note 7)
Totsls 2024
9,067
524
17,448
4,261
143,720
20,643
5,042
222,231
The Staff Costs above include £36,000 credit in respect of an FRS 17 pension adjustment.
The above analyses include both Restricted and Unrestricted Funds.

Page 24
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Analysis of support costs & governance costs
2024125
Staff costs
Time
42,986
10,556
53,542
16,636
Printing & communications
Independent Examiner fees
Other Trust costs
Usage
Governance
15,712
924
3,698
3,698
Governance
666
666
Totals 2025
58,698
15,844
74,542
2023124
li li
Staff costs
Time
45,489
10,115
787
55,604
14,162
Printing & communications
Independent Examiner fees
Other Trust costs
Usage
Governance
13,375
2,760
714
2,760
714
Governance
Totals 2024
58,864
14,376
73,240
2025
2024
Net income l expenditure for year
This is stated after charging".
Depreciation
I nterest payable
7,048
6,091
Auditor's remuneration as Independent Examiner
Trust accounts
2,790
630
2,540
Grant claim

Page 25
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
2025
2024
Analysis of staff costs
The aggregate staff costs were:
Directly employed:
Gross salaries
308,218
292,572
Social security costs
16,150
16,647
Other pension costs
10,076
23,365
Consultancy charges
5,130
Travel, training and recruitment costs
5,825
6,250
340,269
343,964
The Other pension Costs include a credit of £51,000 (£36,000 credit in 2023124) in respect
of an FRS 17 pension adjustment.
Particulars of employees:
No.
No.
Average number of staff (full time equivalents) during the year
Number of staff to whom retirement benefits are accruing under
defined benefit scheme
11
10
13
13
Number of employees with employee benefits (excluding
employer pension costs) above £60,000
None
None

Page 26
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
10. Retirement benefits
The Trust participates in the Cheshire Pension Fund, which is a funded defined benefit
pension scheme administered in accordance with the Local Government Pension Scheme
Regulations 2013 and Amendment Regulations 2015-20. The scheme provides pensions
and other retirement benefits for employees based upon final salaries.
The annual funding costs of these pensions is based on triennial actuarial valuations, with
the costs being financed by contributions from both the Trust and staff. The last formal
valuation of the Fund for the purpose of setting employers, contributions was as at 31 March
2025, with the next formal valuation due as at 31 March 2028.
The Trust paid contributions at the rate of 22.9 % during the year ended 31 March 2025
inclusive of 1.25 % in respect of ill-health insurance contributions. For the three years from
1st April 2023, the rate is unchanged.
The employee's contribution is between 5.5Q/o and 6.80/0 of pensionable pay dependant on
annual remuneration.
For these Accounts, the aGtuary has valued the Pension Scheme in accordance with
FRS102. The major financial assumptions used by the actuary are as follows".
Year ended."
31 March 2025
31 March 2024
Nominal % per annum
Pension increase rate
2.75 /0
Salary increase rate
Discount rate
3.450/.
Major categories of plan assets as percentage of total plan assets
Year ended:
31 March 2025
31 March 2024
Equities
Bonds
49%
38%
Property
Cash
1%

Page 27
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Changes in the Fair Value of Plan Assets, Defined Benefit Obligation and Net Liability -
Year ended 31 March 2025
Assets
Obligations Net {liability)
lasset
£'ooo
£'ooo
£'ooo
Fair value of plan assets
Present value of funded liabilities
2,613
2,613
{1,638)
975
1,638
1,638
Opening position as at 31 March 2024
2,613
Current service cost
58
(58)
Net Interest:
Interest income on plan assets
Interest cost on defined benefit obligation
Totsl net interest
128
128
80
(80}
48
128
80
Total defined benefit cost recognised in
SOFA
128
138
(10)
Cashflows..
Plan participants contributions
Employer contributions
Benefits paid
Expected closing position
17
17
61
61
(40)
2,779
(40)
1,753
1,026
Remeasurements".
Changes in demographic assumptions
Changes in financial assumptions
Other experience
Return on assets excluding net interest
Total remeasurements recognised in Other
Recognised Gains l (Losses)
(3)
(291)
(14)
291
14
(87)
{87)
(87)
{308)
221
Fair value of plan assets
Present value of funded liabilities
2,692
2,692
(1,445)
1,247
1,445
Closing position as at 31 March 2025
2,692
1,445

Page 28
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Changes in the Fair Value of Plan Assets, Defined Benefit Obligation and Net Liability -
Year ended 31 March 2024
Assets
Obligations Net (liability)
lasset
£'ooo
£'ooo
£'ooo
Fair value of plan assets
Present value of funded liabilities
2,470
2,470
(1,641)
829
1,641
1,641
Opening position as at 31 March 2023
2,470
Current service cost
60
(60)
Net I nterest..
Interest income on plan assets
Interest cost on defined benefit obligation
Total net interest
117
117
78
(78)
39
117
78
Total defined benefit cost recognised in
SOFA
117
138
(21)
Cashflows:
Plan participants contributions
Employer contributions
Benefits paid
Expected closing position
16
16
57
57
(84)
2,576
(84)
1,711
865
Remeasurements:
Changes in demographic assumptions
Changes in financial assumptions
Other experience
Return on assets excluding net interest
Total remeasurements recognised In Other
Recognised Gains l (Losses)
(9)
(111)
47
111
(47)
37
37
37
(73)
110
Fair value of plan assets
Present value of funded liabilities
2,613
2,613
(1,638)
1,638
Closing position as at 31 March 2024
2,613
1,638
975

Page 29
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
11 Trustees, emoluments and benefits
No Trustee was paid any remuneration or expenses by the Trust in the year (2023124- Nil).
No Trustee or other person related to the charity had any personal interest in any contract
or transaction entered into by the charity during the year (2023124 - Nil).
12. Related party transactions
The charity has close working relationships with Halton Borough Council, which nominates
up to three trustees and provides annual funding to assist the charity to carry out its
charitable objectives. The following is a summary of transactions with the Council.
2025
2024
Revenue funding received to operate museum
and walled garden
Custodian support grant for Halton Castle
183,390
183,516
5,000
5,000
13. Taxation
There will be no liability for corporation tax owing to the Company's charitable status. No
tax is paid on interest re￿1Vable.
The Trust's Value Added Tax recovery status is 'Partially Exempt..
14. Tangible fixed assets
Furniture &
Fittings
Motor
Vehicles
Equipment
Total
COST
At 1 April 2024
Additions in Year
194,109
3,000
197,109
17,533
91,446
303,088
3,000
306,088
At 31 March 2025
17,533
91,446
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
336,344
6,149
14,385
524
87,696
375
138,425
7,048
342,493
14,909
88,071
145,473
NET BOOKVALUE
At 31 March 2024
157,765
3,148
3,750
164,663
At 31 March 2025
154,616
2,624
3,375
160,615

Page 30
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
2025
2024
15. Stocks
Retail stocks for resale
13,156
11,489
16. Debtors
Trade debtors
41,057
20,921
57,412
1,415
79,748
Grants receivable
other debtors
15,650
56,707
17. Cash at bank and in hand
Bank deposits
Current account
129,341
142,446
1,579
273,366
122,607
126,957
5,924
255,488
Paypal, Worldpay & floats
18. Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
3,688
89,372
93,060
5,615
80,343
85,958
19. Movement in Restricted funds
15 51111 1!
2024125
Projects
Total
60,459 146,545 (70,954) (89,785)
60,459 146.545 (70,954) (89,785)
46,265
46,265
Previous year - 2023124
Projects
Total
81,311 200,708 (161,583) (59,977)
81,311 200,708 {161,583) (59,977)
60,460
60,460

Page 31
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
oses of Restricted Funds
These are grants and donations where the money is required to be spent on a specified
purpose.
20. Movement in Unrestricted funds
2024125
Designated Funds..
Furn. & Equipment Reserves
General Fund
Pension ReseNe
149,608
(5,567)
215,362 587.623 (677,860) 95,352
975,000
51,000
1,339,970 587,623 {626,860) 89,785
144,041
220,477
221,000 1,247,000
221,000 1,611,518
Previous year - 2023124
Designated Funds."
Furn. & Equipment Reserve
General Fund
Pension Reserve
155,175
(5,567)
149,608
245,942 493,676 (589,800) 65,544
215,362
829,000
36,000
110,000 975,000
1,230,117 493,676 (553,800) 59,977 110,000 1,339,970
Pur
oses of Unrestricted
Desi
nated
Funds
Furniture and Equipment Reserves These reserves represent grant received for the
acquisition of audio-visual equipment, facial reconstruction, light sculptures, display cases
and a 16th C Flemish cabinet. A sum equivalent to the annual depreciation is transferred
from these Reserves to the General Reserve each year.
21. Transfers between funds
Depreciation on costs funded by grants transferred from the Designated Reserves to the
General Fund (£5,567).
Restricted Fund costs transferred from General Fund (£89,785).

Page 32
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
22. Analysis of net assets between funds
Restricted Designated General &
Funds
Funds
Pension
Reserves
Total
Year ended 31 March 2025
Tangible Fixed Assets
Cash at Bank
Other Net Current Assets
Pension Surplus
144,041
16,574
227,101
(23,197)
1,247,000
144,041 1,467,478
160,615
273,366
(23,197)
1,247,000
1,657,784
46,265
46,265
Year ended 31 March 2024
Tangible Fixed Assets
Investments and Cash at Bank
Other Net Current Assets
Pension Surplus
149,608
15,055
195,029
5,279
975,000
149,608 1,190,362
164,663
255,488
5,279
975,000
1,400,430
60.460
60,460
23. Reconciliation of net income l (expenditure) to net cash flow from operating activities
2025
2024
Net income l (expenditure) for the reporting period
Add back: Depreciation charges
Add back." Pension revaluation adjustments
(Increase) / Decrease in stocks
(Increase) l Decrease in debtors
Increase / (Decrease) in creditors
Net cash provided by (used in) operating activities
36,354
7,049
(51,000)
(1,667)
23,040
7,102
20,878
{20,999)
6,091
(36,000)
(515)
(43,935)
(39,596)
(134,954)
24. Limited by Guarantee
The Company is limited by guarantee of members and does not have a share capital. The
liability of members is limited to £1.

Page 33
THE NORTON PRIORY MUSEUM TRUST
(Limited by Guarantee)
INCOME AND EXPENDITURE
YEAR ENDED 31 MARCH 2025
2024125
General Restricted
Fund
Funds
2023124
Total
Total
INCOME
Admissions (including Gift Aid)
Shop sales
Rents receivable
208,606
43,403
208,606
182,391
43,403
37,566
4g,961
49,961
22,057
Operating support
Grants
188,390
188,390
188,516
141,545
141,545
194,736
Donations and other income
97,263
5,000 102,263
69,118
Total Income
587,623
146,545 734,168
694,384
EXPENDITURE
Staff costs
390,636
633 391,270
374,834
Consultancy fees
Building costs
Grounds maintenance
5,130
121,453
121,453
29,595
14,592
19,236
107,200
117,358
27,213
2,382
31,185
Marketing and publicity
Furniture & equipment
Activity costs
Administrative costs
13.286
1,306
2,278
15,514
16,958
27,642
43,055
64,145
119,967
18,010
19,843
209
18,219
15,735
Shop - Cost of sales
Other costs
19,843
21,839
15,631
21,839
17,464
Total Expenditure
672,293
70,954 743,247
745,816
Transfers between Funds
89,785
(89,785)
Adjusted Surplus for
year
See
note
5,115
{14,194) (9,079)
{51,432}
Note: This statement excludes the FRS pension revaluation adjustment of £51,OOOcr (£36,OOOdr
in 2023124) and Depreciation funded from Reserves of £5,567 (£5,567 in 2023124).
This Page does not fonn part of the Independently Examined Financial Statements