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← Nantwich Museum Trust Limited

2025-03-31-accounts

Charity registration number 509386 (England and Wales) Company registration number 1455850

Nantwich Museum Trust Limited Annual report and unaudited financial statements For the year ended 31 March 2025

Nantwich Museum Trust Limited

Lega! and administrative information

Ne Ne Ne
Board Of Management H Cooke
P G Groves
C Baxter
T Evans
M T Habesch
R M McKew
A Pickton
A Burton
E Bray (Appointed 12 Navember 2024)
P M Broad (Appointed 24 September 2024)
T Court (Appointed 24 September 2024)
P Davies (Appointed 24 September 2024)
TMS Haynes (Appointed 24 September 2024)
AE Maluk (Appointed 12 November 2024)
Secretary W R Graham
Treasurer A Cooke
Charity number (England and 509386
Wales)
Company number 1455850
Registered office The Nantwich Town Museum
Pillory Street
Nantwich, Cheshire
CWS 5BQ
Independent examiner DJH Nantwich Limited
17 Alvaston Business Park
Middlewich Road
Nantwich
Cheshire
CW5 6PF
Bankers NatWest
35 - 37 Market Street
Crewe
Cheshire
CWi2HN

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Nantwich Museum Trust Limited

Contents

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Page
Trustees’ report 1-3
Statement ofTrustees' responsibilities 4
Independent examiner's report 5
Statement of financial activities 6-7
Summary income and expenditure account 8
Balance sheet 9
Notestothefinancialstatements 10-23

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Nantwich Museum Trust Limited

Trustees' report (including directors’ report) For the year ended 31 March 2025 ee

The Board of Management present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's Memorandum and Articles of Association, the Companies Act 2006 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 2019).

Objectives and activities

The objectives for which the Trust is established are to advance the education of the public in matters relating to the history, commerce, architecture and social and cultural development of Nantwich and its environs. In furtherance of these objectives, the Trust has established and maintains a museum. The Trust continues to develop the museum to create a lively, interactive display which appeals to all ages. Regular temporary exhibitions are staged to stimulate local interest and to complement school curricula. The Trust employs a full time Manager, a Learning and Engagement officer, a part time administrator and a paid Saturday assistant. These are assisted by a large number of volunteers.

Public benefit

The Board of Management have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

Achievements and performance

Significant activities and achievements against objectives 2024 was a busy year at the Museum. We've been really focused, taking the important steps needed to reach our goals and keep making progress. Our three primary projects, which will continue to run into 2025 are:

  1. Connect & Create - creating a vibrant and varied cultural heritage programme to engage famities, young people and those living in commuter belt areas of the town with their local heritage.

  2. Creating inspirational learning at Nantwich Museum — improving the informal education offer at the Museum. The project includes sensory items and learning props.

  3. Improving accessibility: welcoming all to Nantwich Museum - showcasing what a relatively small organisation can do to improve access for all.

Two standout activities this year were our partnership with Keele University and the launch of two community archaeology projects, marking exciting new ways of working for the Museum. As always, we are deeply grateful to our volunteers, whose support has been key to this year's successes.

In November 2024 the museum won the South Cheshire Chamber of Commerce and Industry ‘Ambassador of the Year Award’. The award recognises organisations that ‘enhance South Cheshire’s reputation through leadership, innovation and community engagement.

Equality

The Museum is free at the point of entry and as part of our Connect and Create project to encourage current non-visitors, we were able to offer additional, free of charge activities. This included enamelling and clay workshops.

Family offer

This year, we expanded our offering by hosting a late-night opening for the Nantwich Christmas light switch-on, attracting over 120 visitors. In addition, we participated in key local events such as the Holly Holy Day re-enactment of the Battle of Nantwich and the Nantwich Food Festival. Our collaboration with the Food Festival, Black Lion, and Nantwich Cheese Shop to offer a Food Tour further contributed to the local visitor economy, enhancing the town's appeal and supporting its businesses.

NS

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Nantwich Museum Trust Limited Trustees’ report (including directors’ report) (continued) For the year ended 31 March 2025 eee

Drop in coffee mornings

We ran monthly coffee mornings for the local community where we asked for donations only. We also supported Macmillan by hosting a coffee morning with local organisation Right at Home, to support those living with cancer.

Celebrating talent and community

We are proud to provide a welcoming space for ideas and collaboration, benefiting everyone involved. Recently, the family of a local photographer approached us to showcase his work, creating a small exhibition and funding a photography competition for children. The winner had the chance to meet the photographer.

Dementia Friendship Group

We continue to host a twice-monthly Dementia Friendship Group, open to anyone in the community living with dementia. The group enjoys a variety of activities, including monthly music sessions. Over the past year, local groups and organisations have contributed to these sessions. Nantwich in Bloom and Pear Tree Primary School, for example, brought in their choir to perform, including a special Christmas song session. Other highlights included a "Clothing Through Time" session and a cheese-tasting from The Cheese Shop, Nantwich. These contributions help make the group an enriching and inclusive experience for all involved,

Financial review

Reserves policy

Unrestricted funds at the end of the financial year totalled £251,565. It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months’ expenditure. The Board of Management considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The Board of Management has assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Board of Management is satisfied that sufficient funding will be available for the Museum to continue operating for the foreseeable future despite the ongoing concerns about the current state of the economy. At this point it is extremely difficult to accurately budget for the fiscal year ending 31 March 2026 due to these uncertainties. The Board predicts a loss in the range of about £42,000 for our day-to-day activities, however this includes a two-year fixed post to drive educational activity outside of the museum's premises and this was agreed having considered the strong reserves position.

Structure, governance and management

The Trust is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association.

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Nantwich Museum Trust Limited

Trustees' report (including directors’ report) (continued) For the year ended 31 March 2025

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The Board of Management, who are also the trustees of the charity and directors for the purpose of
company law, and who served during the year and up to the date of signature of the financial statements		 The Board of Management, who are also the trustees of the charity and directors for the purpose of
company law, and who served during the year and up to the date of signature of the financial statements
were:
H Cooke
P G Groves
J ] Seaber (Resigned 24 September 2024)
D Bowyer-Bates (Resigned 11 June 2025}
C Baxter
T Evans
J Park (Resigned 24 September 2024)
M T Habesch
G Smith (Resigned 11 June 2025)
S Bostock (Resigned 9 May 2024)
RM McKew
A Pickton
A Burton
E Bray (Appointed 12 November 2024)
P M Broad (Appointed 24 September 2024)
T Court (Appointed 24 September 2024)
P Davies (Appointed 24 September 2024)
TMS Haynes (Appointed 24 September 2024)
AEMaluk (Appointed12November2024)

Recruitment and appointment of trustees

The constitution of the Board of Management is as follows:

No more than sixteen members of which 2 are nominated by Cheshire East Council, 2 by Nantwich Town Council, 1 by Nantwich Loca! Historical Society and 1 by Nantwich Civic Society, with the remainder being elected by the membership. The Board can co-opt individuals to be members of the Board if vacancies exist.

The directors appointed by the membership serve for a period of three years. They are not eligible for reappointment in the year immediately succeeding the ending of their three-year term although they may be co-opted during the period. The treasurer, secretary and often membership secretary attend the Board of Management meeting but are not directors of the Trust.

New directors are given training on appointment regarding the charity's aims, their legal obligations under company and charity law, the operation of the museum and the decision-making process, the charity's future development plans and the charity's recent financial performance

Tangible fixed assets in use by the trust

The tangible fixed assets in use by the Trust have been financed via the development fund and other grants received. The accounting treatment adopted in respect of these assets is detailed in note 1.5 to these financial statements. The Trust is based in a building which is leased from the Cheshire East Council on a peppercorn rental.

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The Tr ‘es’ report was approved by the Board Of Management.
T Exay’s
Chair of Board of Management
Date: [nae] ig. th. 25°
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Nantwich Museum Trust Limited

Statement of trustees' reponsibilities For the year ended 31 March 2025

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The Board of Management, who are also the directors of Nantwich Museum Trust Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board of Management to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year,

In preparing these financial statements, the Board of Management are required to:

The Board of Management are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Nantwich Museum Trust Limited Independent examiner's report To the Board of Management of Nantwich Museum Trust Limited

I report to the Board of Management on my examination of the financial statements of Nantwich Museum Trust Limited (the Trust) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies.

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charitable company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the Board of Management of the Trust (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.

Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

4 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Snes

Sarah Glass FCCA

DJH Nantwich Limited

17 Alvaston Business Park Middlewich Road Nantwich Cheshire CW5 6PF Date: ved Bi MAPS...

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Nantwich Museum Trust Limited

Summary income and expenditure account

For the year ended 31 March 2025

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|||||||| |---|---|---|---|---|---|---| |All|income|funds| |2025|2024| |£|£| |Gross|income|114,153|127,609| |Total|expenditure|from|income|funds|132,291|128,416| |Net|expenditure|for the|year|(18,138)|(807)|

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Nantwich Museum Trust Limited

Balance sheet As at 31 March 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 22,770 23,456
Heritage assets 15 2,000 2,000
24,770 25,456
Current assets
Stocks 16 7,644 6,465
Debtors 17 13,626 14,900
Cash at bank and in hand 242,524 260,616
263,794 281,981
Creditors: amounts falling due 18
within one year (7,532) (8,267)
Net current assets 256,262 273,714
Total assets less current liabilities 281,032 299,170
The funds of the Trust
Endowment funds 20 3,074 3,074
Restricted income funds 22 29,547 18,117
Unrestricted funds 22 248,411 277,979
281,032 299,170

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

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eenechune treed sorrerestety, T Evdns Chair of Board of Management

Company registration number 1455850 (England and Wales)

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Nantwich Museum Trust Limited

Notes to the financial statements For the year ended 31 March 2025 eee

Charity information

Nantwich Museum Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office and the location of the museum is at The Nantwich Town Museum, Pillory Street, Nantwich, Cheshire, CW5 5BQ.

The financial statements have been prepared in accordance with the Trust's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP “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 2019). The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows,

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised on receipt of the tax refund.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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Nantwich Museum Trust Limited

Notes to the financial statements (continued) For the year ended 31 March 2025

1 Accounting policies

(Continued)

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant goes not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

A grant that is subject to specific conditions is allocated to a restricted fund.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 15% Straight line Fixtures, fittings & equipment 10% & 25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The costs of improving the museum buildings and displays were financed by a development fund and other grants received and were written off during the year in which they were incurred. These improvements were therefore not valued in the charity's balance sheet. A note of total expenditure written off in earlier years is given in note 14 to the financial statements.

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

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1 Accounting policies

(Continued)

1.7 Heritage assets

The Trust cares for many objects, the vast majority of which would be difficult, if not impossible, to value. Even if valuations could be obtained the costs would be onerous compared with the benefit derived by the Trust and the users of the financial statements. As a result, no value is reported for these assets in the Trust's balance sheet.

The exception is for heritage assets purchased, which are capitalised if the cost is greater than £1,000. Items that are capitalised are stated at cost, but are not depreciated as the amount of depreciation is regarded as immaterial due to their anticipated high residual vatue.

Nature and Scale of Heritage Assets

Nantwich Museum holds a collection of heritage assets that reflect the rich history, commerce, architecture, and cultural development of Nantwich and its surrounding areas. These assets include:

These assets are held and maintained principally for their contribution to public knowledge and cultural enrichment, and are not used for investment or operational purposes unrelated to the museum’‘s charitable objectives.

Policy for Acquisition, Preservation, Management and Disposal

The Museum's policy for heritage assets is guided by its charitable objectives and the principles of responsible stewardship:

1.8 Stocks

Stocks are stated at the lower of cost and net realisable value.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due and are allocated to unrestricted funds.

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Nantwich Museum Trust Limited

Notes to the financial statements (continued) For the year ended 31 March 2025

2 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the Board of Management are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources, The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actua! results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025S 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 45,748 1,617 47,365 39,258 791 40,049
Legacies - - - 37,836 - 37,836
Grants - 19,872 19,872 - 4,480 4,480
45,748 21,489 67,237 77,094 5,271 82,365
Donations and gifts
Council contributions 32,200 - 32,200 32,300 - 32,300
Donations 13,548 1,617 15,165 6,958 791 7,749
45,748 1,617 47,365 39,258 791 40,049
Grants
Project grants - 19,872 19,872 - 4,480 4,480
- 19,872 19,872 - 4,486 4,480

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

meee

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ E
Museum activities
School and outreach receipts 11,080 11,677
Income generated from talks and tours 8,699 9,399
Shop income 16,821 16,833
Art sales commission and book royalties 592 589
Other income 2,468 2,557
39,660 41,055
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Non-charitable trading activities 1,400 2,280
Fundraising events 2,509 1,824
Othertradingactivities 3,909 4,104
Unrestricted Unrestricted
funds funds
2025S 2024
£ £
Income from listed investments - 85
Interest receivable 3,347 -
3,347 85

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

7 Expenditure on charitable activities

Museum Museum
activities activities
2025 2024
£ £
Direct costs
Staff costs 81,547 64,746
Depreciation and impairment 4,861 4,969
Shop purchases 5,943 6,731
Repairs, cleaning and maintenance 4,834 9,429
Water rates 1,636 1,295
Heat and light 7,209 6,030
Insurance 2,452 2,106
Health and safety 888 1,366
Alarms and security 1,955 1,484
Printing, postage and stationery 1,794 1,241
Exhibition expenditure 336 2,418
Telephone and IT 2,944 2,334
Subscriptions and publicity 1,638 1,522
Bank charges 475 326
Education and catering 1,074 1,133
Collection care expenditure 1,235 11,741
Other charitable expenditure 8,058 6,254
128,879 125,125
Share of support and governance costs (see note 8)
Governance 3,412 3,291
132,291 128,416
Analysis by fund
Unrestricted funds 124,681 122,739
Restricted funds 7,610 5,677
132,291 128,416

Other Charitable Expenditure as shown above includes expenditure on Restricted Funds of £6,330 (2024 £4,427), and Depreciation and Impairment includes expenditure on Restricted Funds of £1,280 (2024 £1,250).

NY

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

8 Support costs allocated to activities
2025 2024
£ £
Governance costs 3,412 3,291
Analysed between:
Museum activities 3,412 3,291
2025 2024
Governance costs comprise: £ £
Independent examination fees 1,310 1,250
Accountancy 2,068 1,628
Legal and professional 34 413
3,412 3,291
9 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements 1,310 1,250
- for other financial services 2,068 1,628
Depreciationofownedtangiblefixedassets 4,861 4,969

10 Board Of Management

None of the Board of Management (or any persons connected with them) received any remuneration or benefits paid for from the Trust during the year.

£90 was reimbursed for directly incurred employee gift cards to one trustee.

1i Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Office and management 4 4

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

11 Employees (Continued)
Employment costs 2025 2024
£ £
Wages and salaries 71,155 56,755
Social security costs 6,145 4,699
Other pension costs 4,247 3,292
81,547 64,746

There were no employees whose annual remuneration was more than £60,000.

12 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluationofinvestments - (181)

13. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

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14 Tangible fixed assets

Tangible fixed assets
Leasehold
improvements		 Fixtures,
fittings &		 Total
equipment
£ £ £
Cost
At 1 April 2024 6,781 37,394 44,175
Additions - 4,175 4,175
At 31 March 2025 6,781 41,569 48,350
Depreciation and impairment
At 1 Aprit 2024 6,781 13,938 20,719
Depreciation charged in the year - 4,861 4,861
At 31 March 2025 6,781 18,799 25,580
Carrying amount
At 31 March 2025 - 22,770 22,770
At31March2024 - 23,456 23,456

Costs of building and display improvements totalling £281,019 have been spent in earlier years and financed by a development fund to the same value. This total improvement expenditure does not appear in these financial statements having been matched by the development fund.

15 Heritage assets

Collection
items
£
At 1 April 2024 and at 31 March 2025 2,000

Five year summary analysis of heritage transactions:

2023 2024 2025 Purchases £2,000 - -

16 Stocks

Stocks
2025 2024
£ £
Finished goods and goods for resale 7,644 6,465

-18-

Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

17 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 1,161 2,589
Other debtors 6,335 9,951
Prepayments and accrued income 6,070 2,360
13,626 14,900
18 Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 1,348 804
Trade creditors 1,065 3,110
Accruals and deferred income 5,119 4,353
7,532 8,267
19 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 4,247 3,292

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

20 Endowment funds

Endowment funds represent assets which must be held permanently by the Trust. Income arising on the endowment funds can be used in accordance with the objects of the Trust and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 April Gains and At31 March
2024 losses 2025
£ £ £
Permanent endowments
3,074 - 3,074

-19-

Nantwich Museum Trust Limited

Notes to the financial statements (continued)

For the year ended 31 March 2025

ee

20 Endowment funds (Continued)

Previous year: At 1 April Gains and At 31 March
2023 losses 2024
£ £ £
Permanent endowments
DuttonMedallionFund 3,255 (181) 3,074

The Dutton Medallion Fund has been provided to make an annual award to a citizen of Nantwich in recognition of his or her services to the local community.

21 = Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants and tangible and heritage assets held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Dementia Fund 4,623 1,617 (589) - 5,651
Civil War Project 1,123 - - - 1,123
Nisa Grant 3,219 - - - 3,219
Priestley Exhibition 496 - - (496) -
Manchester University -
Costume Collection 1,034 - - - 1,034
Wrenbury Hoard Fund 100 - : (100) -
Digital Project 458 - - (458) -
Contemporary Collecting
Project 975 - - - 975
Gasworks 1,373 - - (1,373) -
Acton Ring 1,904 - - - 1,904
MDNW Digital Kiosk 2,500 - (1,250) - 1,250
In Your Customer's Shoes 22 - - (22) -
Accessibility - 3,641 (30) - 3,611
Cheshire Community CCF - 2,161 (1,952) - 209
Connect and Create
Community Fund - 6,000 (3,471) - 2,529
Fedcap - 1,000 (121) - 879
Treasure Fund 2024 50 - - - 50
High Street Exhibition 240 - (197) - 43
SPF Cultural Activity - 7,070 - - 7,070
18,117 21,489 (7,610) (2,449) 29,547

ee

Nantwich Museum Trust Limited

Notes to the financial statements (continued) For the year ended 31 March 2025

21 ~=Restricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Dementia Fund 4,584 501 (462) - 4,623
Civil War Project 1,138 - (15) - 1,123
Nisa Grant 3,219 - - - 3,219
Priestley Exhibition 496 - - - 496
Manchester University -
Costume Collection 1,085 - (51) - 1,034
Wrenbury Hoard Fund 100 - - - 100
Digital Project 458 - - - 458
Contemporary Clothing
Project 975 - - 7 975
Gasworks 2,000 - (627) - 1,373
Acton Ring 1,904 - - - 1,904
MDNW Digital Kiosk 3,750 - (1,250) - 2,500
In Your Customer's Shoes 22 - - - 22
RSC Local - Summer of
Science 880 - (321) (559) -
Man Uni Sustainable
Improvement - Summer of
Science - 1,000 (768) (232) -
RSC - Summer of Science - 3,180 (2,183) (997) -
Institute of Physics -
Summer of Science - 300 - (300) -
Treasure Fund 2024 - 50 - - 50
High Street Exhibition - 240 - - 240
20,611 5,271 (5,677) (2,088) 18,117

-21-

Nantwich Museum Trust Limited Notes to the financial statements (continued) For the year ended 31 March 2025

21 + Restricted funds

(Continued)

The Dementia Fund was set up to run the Dementia Friendship Group which meets twice a month and is funded by donations from participants and outside organisations.

The Civil War Project is a project set up to develop the current "Your Space" gallery into a permanent civil war exhibition space.

The Nisa grant was received for general museum marketing efforts and associated materials.

The Priestley Exhibition Fund covers the cost to purchase and prepare materials and associated marketing for an exhibition about Joseph Priestley who lived briefly in Nantwich.

The Manchester University Costume Collection funding was granted from Museums Development North West's Sustainable Improvement Fund to aid in costume care. The Wrenbury Hoard fund is made up of donations made following an appeal to raise funds to purchase a hoard discovered in Wrenbury.

The Digital Project Fund is a joint project with Macclesfield Museum to produce a digital offer for schools.

The Contemporary Collecting Project Fund is for the development of an LGBT exhibition.

The Gasworks Fund is for the development of an exhibition and events connected to the site of the town's former gas works.

The Acton Ring Fund was set up for the acquisition of a post-Medieval gold and enamel fede ring from Acton, Cheshire.

The MDNW Digital Kiosk Fund was set up to purchase a digital kiosk to provide an enhanced user experience in the main gallery, using technology and modern display techniques to supplement the static displays with interactive maps and presentations.

The In Your Customer's Shoes Fund covers expenses for participating in the Northern Museums Visitor Experience Consortium, in which museum staff and volunteers visit other participating museums and assess all aspects of the offer, from online presence to visitor engagement - with each museum receiving in return a report with realistic recommendations for service improvement. The Accessibility grant was received to improve the physical and online accessibility of the museum to all in the community. This is achieved through purchase of new equipment, development of resources such as large print guides, and optimisation of the museum website. The Cheshire Community CCF grant was received to fund more accessible, sensory and interactive activities and exhibits for the museum.

The Cheshire East Community Grant Fund is used to develop outreach projects, town square and riverside activities, resource boxes and access training. The Fedcap fund is a grant to aid volunteers from Fedcap in providing any accommodations or adjustments they may need in order to make the most of their volunteering opportunities at the museum.

The Treasure Fund 2024 is a fund for the acquisition of local treasure finds to add to the Museum's collection of objects.

ene -22-

Nantwich Museum Trust Limited

Notes to the financial statements (continued) For the year ended 31 March 2025

21 + Restricted funds

(Continued)

The High Street Exhibition Fund is a fund for the development of the Summer 2024 High Street Exhibition.

The SPF Cultural Activity fund enables the museum to purchase equipment that will improve access to the Museum's collections and to tell the important stories of the town.

22 Unrestricted funds

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 277,979 92,664 (124,681) 2,449 248,411
Previous year: At 1 April
2023		 Incoming
resources		 Resources
expended		 Transfers At 31 March
2024
£ £ £ £ £
Genera! funds 276,292 122,338 (122,739) 2,088 277,979
Analysis of net assets between funds
Unrestricted Restricted Endowment Total
funds funds funds
2025 2025 2025 2025
£ £ £ £
At 31 March 2025:
Tangible assets 19,750 3,020 - 22,770
Heritage assets 96 1,904 - 2,000
Current assets/(liabilities) 228,565 24,623 3,074 256,262
248,411 29,547 3,074 281,032
Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
At 31 March 2024:
Tangible assets 20,956 2,500 - 23,456
Heritage assets 96 1,904 - 2,000
Current assets/(liabilities) 256,927 13,713 3,074 273,714
277,979 18,117 3,074 299,170

23 Analysis of net assets between funds

24 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

-23-