MURTON
PARK
YORKSHIRE MUSEUM OF
FARMING LIMITED
Known as Murton Park
ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2024
(A company limited by guarantee and not having a share Gapital)
Registered charity number 510900
Registered company number 01522789

YORKSHIRE MUSEUM OF FARMING LIMITED
INDEX
PAG
REPORT OF THE BOARD OF TRUSTEES
INDEPENDENT EXAMINERS, REPORT
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
CONSOLIDATED BALANCE SHE
BALANCE SHEET
CONSOLIDATED CASH FLOW STATEMENT
10
CONSOLIDATED NOTES TO THE CASH FLOW STATEMENT
10
ENTITY ONLYCASH FLOW
11
ENTrrY ONLY NOTES TO THE CASH FLOW STATEMENT
11
NOTES TO THE ACCOUNTS
12-26

YORKSHIRE MUSEUM OF FARMING LIMITED
REPORT OF THE BOARD OF TRUSTEES
The board of trustees (who are also the diredors of Yothshire Museum of Farning Limited for the purposes of
company law) are pleased to submit their annual report and accounts for the year ended 31 December 2024. The
board of trustee5 have adopted the provisions of the Statement of RecoTnmended Practi￿ ISORP) °Accounting
and RekK)rting by Charities" in preparng the annual rewrt and financial ststements of the Gharity.
The financial statements have been prepared in accordance wilh the accounting policies set OLrt in notes to the
alxounts and ￿mplY with the charity's governing d0￿Ment, the Charities Act 2011, the Companies Ad 2006 and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chaiities preparing
theK accounts in accordance wth the Financial Repcrting Stsndard appliczble in the UK and Republic of Ireland
published in OctotRr 2019.
O&JECTIVES AND ACTIVITIES
The principal activity is to operate the business of Ihe Yorkshire Museum of Faming Limited, the objects of which
are to preserve for the benefit of the Nation. agriculiural machinery, equipment, buildings, documents and INestock
of educational and historical interest and to maintain and operate a museum at Murton in the c(NJnty of North
Yorf(shire for the purpose of exhibiting to the public such items of educational or hislorical interest. The museum is
sited at Murton Park and the day by day management is supervised by a committee consisting of ten twstees. In
this they are assisted by the sit8 director and the projeds officer.
In order to comply wrth the stated objects of the ccmmpany, the exhibition areas, together with the area set aside for
the reseNe collection and the library, are subject to a carefully monitored environrnentsl programme. All cloth
items are removed from the unheated and uninsulated Four Seasons exhibition building in the winter and there
a regular cleaning and waxing programme for all wooden and metal exhibits. This is carried out by volunteers
under the supervision of a trustee as is the Cataloguing of exhibts. A team of volunteers also serVi￿S and
maintains all the working machinery.
All livestock on the stte is looked after by our stockman and subjed to regular veterinary inspection.
The charity's income is derived primarily from two sources, admission fees and YMF Services Limited, ivs
subsidiary which provides catering and retsil facilities to visitors and operates an educational programme which
includes tours of the museum and a "living histow, project centr&1 on the conception of a dark ag8s village and
reconstructed roman fort named Brigantium.
The success of the museum could not be achieved without the efforts of the large and dedicated team of paid stsff
and volunteers.
PUBLIC BENEFIT
The Museum of Farming is a charity which exists, for the benefit of the public, to preserve agricultural
machinery. equipment, buildings, documents and livestock of educational and historical interest. The museu
believes that its work creates public value in all fnfe categories noted within the cu￿ent charity act - ie-
Democratic value
Cultural and creative value
Educational value
Social and community value
Global value
The activities in this report reflect the museum's Commitment to best practice, and supporting the local cultural
and educational infrastructure. By Gcncentrating on the public benefit that the museurn can bring, the museum
will be better placed to meet the challenges and opportunities of the future
even in times of economic
uncertainty.
The truslees confimi thal they have complied with their duty to have due regard to the guidance on public
benefrt published by the Charity Commission in exercising their powers or duties.

YORKSHIRE MUSEUM OF FARMING LIMITED
REPORT OF THE BOARD OF TRUSTEES (contlnued)
ACHIEVEMENTS AND PERFORMANCE
The trading position of Murton Park remains sound.
The policy to concentrate on the site maintenance lo ensure our future viabiif(y continues to Pay dividends.
There is a constant need to keep ahead of wealher inflicted deterioration to the site's wooden infrastructure.
Flooding, particularly of the Romanl Fort, is an urgent issue. The Management Board is well served by Ihe
Project Working Group which has established procedures for the timely allocation of funds. balancing
affordability againsl ambition. The construction of an additional roundhouse in the Stone-Age area is a
signtficant achievement which has enabled more flexible usage of the area for living history classes. Risk
assessment of the longer-term safely of several roots of the Viking Village buildings has identified the need to
progress with their refurbishment. The ever-rising cost of materials has limlted th8 rate at which this can be
achieved. One house has been reroofed with 3 more due for completion during 2025, with a further 4 during
2026. Dr8inage of the Roman Fort site is in progress.
There is a recognition that Living History numbers are in a gradual decline probably as a result of school class
sizes. Adjustment of staff ratios to match the products we promote is being addressed. Rising running costs
have made it necessary to increase ticket entry and Llving History product charges.
Strong on-line marketing continues to promote the popularity of the site and a wide range of supporting
activities. The OVLR have recently introduced a charge for passenger rides to help defray large increases in
fuel cost. The longer-term effect on the popularity of the rides remains to be analysed. initial takings seem
impressive.
The care of museum artifacts has benefitted frotn enthusiastic volunteers. and staff. Betler W￿atherpro0r1ng of
the Four Season's Building would greatly improve the effectiveness of their efforts in the long term.
The trustees and Management Board are V￿11 served by the provision of a wide range of statistics and
comprehensive accounting detail. l appreciate the effcrt that goes into their production.
FINANCIAL REVIEW
At the year end total funds of the charty and ils subsidiary. YMF SeNices Limti@d, were £1,165.780 (2023:
£1,176,203). Of this £14,233 ha5 been designated to the Railway Fund. £529,708 held in the asset fund. £200,000
for Freehold land fund and £600 is held in the restricted ScArdrfield tractor fund, Of the balance, £145.000 was
YMF se￿ices fixed assets leaving £276.839 in reserves.

YORKSHIRE MUSEUM OF FARMING LIMITED
REPORT OF THE BOARD OF TRUSTEES {contlnued)
RESERVES POLICY
The committee of management seeks sufficient cash reserves to fund the on-going maintenance of the museum.
Reserves are needed as some sources of income could be vulnerable in the fLrture. Having an appropriate level of
reserves will allow an opportunity to secure alternative income sources. The committee of management consider
an aFpropriate level of reserves to be 3 months recuning overhead expenditure on operations of the museum.
This could enable work to continue whilst alternative sources of inGome are found. This is required to satisfy tl
objectives of the charily set out in the Memorandum of Association. Although levels are currently greater than this,
various repairs have been held back and investment is needed in the facilities at the museum.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govoming document
Yorf(shire Museum of Farming Limited is a company limited by guarantee and a règistered charity governed by ts
Memorandum and Artides of Association as amended by special resolutions dated 2211108, 11111108 and 2316115.
Recruitment. appolntmon( inducllon and tralnlng of management
The Artides of Association provide that the committee shall consist of the followng:"
Suth persons as shall be detemiin8d in writing by the subscribers to the Memorandum of Ass(Kiation or
the majority of them.
Two persons appointed by the partners of Yorf( Livestock Centre.
TV￿ persons appointed by the Yorkshir& Folk Park TrusL
The persons so appointed under paragraphs (b) and (c) shall not be subjeci to retirement by rotation.
The committee members to retire each year shall be th)se who have been the longest in office since their
lasi election. A retiring member shall be eligible for re-elertion. The power of admitting members of the
museum shall be exercisable by the committee. As part of the induction process they are given full
information on the charity'5 activities.
Organisational structure
The trustees make strategic financial, budgeting and personnel decisions. They are assisted in their deliberations
by the site director and 51te manager.
Risk assessment
The committee of management have an 0￿gOIng process of reviewing the risks to wh￿h the charity is exposed, in
particular those in relation to its operations and financ£s. Subsequent to Ihis review. systems have been put into
place to mitigate exposure lo major risks.
PLANS FOR FUTURE PERIODS
other items in the sights of the Project Working Group are.. The need to replace the 'Principia' building in the
Roman Fort, improvement of site walkways to improve accessibility particularly in wet weather conditions.
d8V8lopment of the playground area and refurbishment of the main-building toilets. An application has been
submitted for grant funding from The Museum Estate Development Fund (MEND) round 5.

YORKSHIRE MUSEUM OF FARMING LIMrrED
REPORT OF THE BOARD OF TRUSTEES (continued)
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity name
yO￿shIre Museum of Farming
Company number
01522789
Charity number
510900
Registered offlce
Yorkshire Museum of Famiing
Murton Park
Murton Lane
York
Y019 SUF
Advlsors
Sollcltors
Cowling, Swbft & Kitchin
8 Blake Street
Yorf<
Y011XJ
Bankers
Barclays Bank PIC
23 Yorkersgate
Malton
Y017 CGR
Independent examlner Frances Howard FCA
Fortus Limited
Equinox House
Clifton Parf( Avenue
Shipton Road
York
Y030 SPA
Commlttee of management (trustees)
The persons who served as members of the committee of management during the year are as follows:_
(appointed 26 June 2018)
(appointed 13 October 2015)
{appointed 1 June 2004)
{ap￿)inted 11 October 2016)
{8ppointed 25 October 1992) (Morrell Trust Representative)
(apFoint8d 25 October 1992) Iyork Lrvestod( Centre appointee)
(appointed 17 June 2013)
(appointed 2 Juty 2019)
(appointed 29 September 2020>
(appointed 8 August 2023)
(appointed 8 August 2023)
(appointed 8 August 2023)
(appointed 12 September 2024)
Mr C T Benton
Mrs J C Drewniak
Mr J C Hopwood
Captain RN M A James
Mr J B Morrell
Mr J F Stephenson
Mr A Trezise
Mr C Downes
Ms L B0￿Ing
MrT Stubbins
Mrs D K8mp
Mr N Kemp
Mr O M H Edwards

YORKSHIRE MUSEUM OF FARMING LIMITED
REPORT OF THE BOARD OF TRUSTEES (contlnued)
Trustees. responslbllltles in relatlon to tho fSnancial statemenls
The charity trustees (who are also the directors of the Yorkshire Museum of Famiing Lirnited for the purposes
of company law) are responsible for preparing a trustees, report and financial statements in accordance with
applicable law and Unit8d Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires th8 charity trustees to prepare financial statements for each year, which give a true and
fair view of the state of affairs of the charitable company and the group and of the income and expenditure. of
the charitable company and group for that period. In preparing the financial statem8ntS. the trustees are
required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102).
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed. subject to any material
departures disclosed and explained in the financial ststements-
prepare the financial slatements on the going concern basis unless it is inappropriate to presume that
the charity will continu8 in operats'on.
The trustees are responsible for keeping proper accounting records th8t disclose with reasonable accuracy at
any time the financial position of the Charitable company and group and to enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and the group and hen￿ tsking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom goveming the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
BYORDER OF THE BOARD OF TRUSTEES
M James
Mernber of Committee of Management
Murton Park
Murton Lan8
YORK
Y019 SUF
4 September 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YORKSHIRE MUSEUM OF FARMING LIMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
December 2024 which comprise the consolidated ststement of financial activities. the consolidated balance
sheet, the charity balan￿ sheet. consolidated and entity only cash flow and related notes.
Responsibllltles and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the prep8r8tion of the accounts in accordance with the requirements of the Companies Act 20C
('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 your company's
accounts as carried out under section 145 of the Charities Aot 2011 (th8 2011 A¢f). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011
Aet.
Independent examlner's statement
Since the cornpany'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 member of
ICAEW which is 8 listed body.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2008 Ad other than any
requirement that the accounts give a 'true and fair view, vthich is not a matter considered as part of an
independent examinalion; or
the accounts have not been prepared in aGcordance 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).
I have no concerns and have come across no other matters in connection with the examination to which
attenti
should b8 drawn in this report in order to enable a proper understanding of the accounts to be
reac
Frances Howard FCA
Fortus Limited
Equinox House
Clifton Park Avenue
Shipton Road
York
Y030 SPA
4 September 2025

YORKSHIRE MUSEUM OF FARMING LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE
ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
2024
Restricted
2024
Total
2024
Total
2023
INCOME
Note
Donatlons and legacies
Donations and grants
Investments
Other Irading activities
Trading subsidiary
Trading activities
16.739
6.491
16,739
6,491
34.194
2,712
473.283
15.885
473,283
15.885
436.548
11.503
Charitable actlvttles
Admission fees
167.629
167,629
182.161
Other Income
2,349
2,349
155
Totsl Income
682,376
682,376
667,273
EXPENDITURE
Raising funds
Trading subsidiary
Trading activities
Charitable activities
464,540
3.679
223,980
464,540
3,679
223,980
451,306
160.039
Totsl expenditure
692,199
692,199
615,890
Net incomel(expendlture) for the year
(9,823)
(9.823)
51,383
Tax on profit on ordinary activities
Net Incomel(expendlture) after tax
(9,823)
19,823)
51,383
Funds transfer
Net movement In funds
(9.823)
(9,823)
51,383
Total funds brought fO￿ard
1.175.603
600
1,176.203
1.124,820
Total funds carried forward
1.165,780
600
1,166,380
1.176,203
The slatement of financial activities incllkles all gains and losses recognised in the year.

YORKSHIRE MUSEUM OF FARMING LIMITED
CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024
Note
31 December 2024
2023
FIXED ASSETS
Intsngible assels
Tangible assets
Heritage assets
6.253
267,409
401.047
12
13
247,909
401,047
674,709
648.956
CURRENT ASSETS-
Stock
Debtors
Cash at bank and in hand
15
16
11,797
29,633
540,009
10.593
26.714
577,339
581.439
614,646
CREDITORS: Amounts due within
one year
17
(89.768)
(86,899)
NET CURRENT ASSETS
491.671
527.747
TOTAL ASSETS LESS CURRENT LIABILrriES
1,166,380
1,176.703
CREDITORS: Amounts due after
ono year
18
{500)
TOTAL NET ASSETS
1,166,380
1.176,203
THE FUNDS OF THE CHARITY
Unrestricted funds
Designated funds
General reserve
Non-charrtable trading funds
Restricted funds
20
743,941
434,975
(13,136)
600
740.940
448.542
(13,879)
600
21
TOTAL CHARrtY FUNDS
1,166,380
1.176.203
For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies. No memb8rs have required the company to obtain an audit of
its accounts for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to cornpanie5 subject lo the
small companies, regime.
ents were approved by the tx)ard of trustees on 4 September 2025 and signed on their behalf
The financial stat
by..
M James
For and on be
of the commttlee of management
Company registration number. 01522789

YORKSHIRE MUSEUM OF FARMING LIMITED
BALANCE SHEET AS AT 31 DECEMBER 2024
Note
31 December 2024
2023
FIXED ASSETS
Intsngible assets
Tangible assets
Heritage assets
Investments
6.253
122,409
401,047
12
13
14
128,624
401,047
529,711
529,673
CURRENT ASSETS
Debtors
Cash at bank and in hand
16
168.899
495.351
106,321
565,530
664.250
671,851
CREDITORS: Amounts due within
one year
17
(14,445)
111,442)
NEF CURRENT ASSETS
649,805
660,409
TOTAL NET ASSETS
1.179,516
1,190.082
THE FUNDS OFTHE CHARITY
Unrestrided funds
Designated funds
General funds
Restricted funds
20
743,941
434,975
600
740.940
448,542
600
21
TOTAL CHARITY FUNDS
1.179,516
1.190.082
For the year ended 31 December 2024 the company was entitled to exemption und8r section 477 of the
Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of
its accounts for the year ended 31 December 2024 in accordance with s8Ction 476 of the Companies Act 2006.
The directors aCknO￿edge their responsibility for complying with the requirements of the Act with respect to
accounling records and for the preparation of accounts.
These accounts have been prepared in accordanc8 with the provisions applicable to companies subject to the
small companies, regime.
The financial statements were approved by the board of trusiees on 4 September 2025 and signed on their behalf
by:
M James
For and on behaff ofthe committee of mana3ement
Company registration number.. 01522789

10-
YORKSHIRE MUSEUM OF FARMING LIMITED
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Notss
2024
2023
Cash flows from operatlng activities:
Net cash generated by operating activities
4,380
33,972
Cash flows from inv8$ting activities:
Purchase of fixed assets
Interest from investments
Proceeds on part disposal of r￿ed assets
(50,120)
6,491
1,919
(31,486)
2,763
Net cash inflow l {outtlowl
(37,330)
5,249
Cash and Gash equivalents at 1 January 2024
577,339
572,090
Cash and cash equivalents at 31 December 2024
540,009
577.339
NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net Incomel(expendituro) after investments
Adjustments for:
Depreciation charges
Depreciation eliminated on part disposal of fixed assets
Decreasel(Increase) in stocks
Decreasel(Increase) in debtors
(Decrease)Ilncrease in creditors
Interest frorn investments
{9,823}
51,383
22,475
127)
(1,204)
(2,919)
2,369
{6,491)
15,042
(479)
(3,343)
(32,554)
(2,763)
Net cash generated by operating activities
4.380
33.972
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash in hand
540.009
577,339

11
YORKSHIRE MUSEUM OF FARMING LIMITED
ENTITY ONLY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
Notes
2024
2023
Cash flows from operatlng acllvltles:
Net cash generatedl(used} by operating activities
(65,476)
100,598
Cash flows from investing activities:
Purchase of fixed assets
Interest from investments
Proceeds on part disposal of fixed assets
{11,678)
6,491
484
(11.226)
2,712
Net cash inflow l (outflow)
<70.179)
92,084
Cash and cash equivalents at 1 January 2024
565.530
473.446
Cash and cash equivalents at 31 December 2024
495.351
565,530
NOTES TO ENTrrY ONLY THE CASH FLOW STATEMENT
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net incomel(expenditure) after investments
Adjuslrnents for:
Depreciation charges
Decreasel(Increase) in debtors
Increasel(decrease) in creditors
Interesl from investments
(10,566)
59.141
11,156
(62,578)
3,003
(6.491)
7.933
31,656
4,580
(2.712)
Net cash generatedl(used) by operating activities
(65,4761
100,598
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash in hand
495.351
565,530

12-
YORKSHIRE MUSEUM OF FARMING LIMrrED
NOTES TOTHEACCOUNTS- 31 DECEMBÉR2024
ACCOUNTING POLICIES
BASIS OF ACCOUNTING
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
ststement of Recommended Pradice applicable to charities preparing their acLounts in accordance wtth
the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the
Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}, the Charites Act
2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Yorkshire Museum of Farrning Limited meets the d8finitton of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unl8SS Otherwise stated
in the relevant accounting policy note(s).
GROUP FINANCIAL STATEMEMrs
These accounts consolidate the results of the charity and its wholly owned 5ub5idiary YMF Services
Limited on a line by line basis. A separate stalemenl of financial activities for the mus8um itself is mt
presented because it has taken advantage of the exemptions afforded by section 408 of the Companies
Act 2006, and paragraph 397 ofthe SORP.
GOING CONCERN
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charitable Gompany has adequate resour￿$ to continue in operational exist8nce for t￿ foreseeable
future. Th8 trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
INCOME
All income is included in the stat8ment of financial actrvities when the charity is legally entitled to the
income and the amount can be quantified wilh reasonable 81xuracy.
No amounts are included in the accounts for serVI￿S donated by volunteers.
EXPENDITURE
All expendtiure is accounted for on an accnjals basis and has been dassified under headings that
aggregate all costs related to that category.
Charitable expendrture comprises those costs inCu￿ed by the charity in pursuit of its charitable object.
HIRE PURCHASE AGREEMENTS
Assets held under hire purchase agreements are capitalised and disc105ed under tangible fix8d assets at
their fair value. The capilal element of Ihe future payments is treated as a liability and th8 interest is
charged as an expense on a strawjht line basis.
INTANGIBLE FIXED ASSETS OTHER THAN GOODWILL
Intangible assets acquired separately from a business are recognised at cost and are subsequenlly
measured at cost less accumulated amortisation and accumulated impaimient losses.

13-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
ACCOUNTING POLICIES {continued)
INTANGIBLE FIXED ASSETS OTHER THAN GOODWILL (continued)
Amortisation is recognised so as to write off the cnst or valuation of assets less their residual values over
Iheir useful lives on the following bases:
Digital
330h straight line
TANGIBLE FIXED ASSETS
Individual fixed assets costing £1,000 or more are capitalised.
Depreciation of tangible fixed assets is provided to write off those asset5 over their expected useful lives.
The following annual rates have been applied: .
Method
Rate
Displays and graphic display panels
Plant and equpment
Leasehold improvements
Catering equipment
Motor vehicles
straight line
straight line
straight line
straight line
straight line
. 15°A, 20Yo
HERITAGE ASSETS
The original cost of the museum collection cannot be established. The collection was initially induded in
the accounts in the year ended 31 December 2012 at replacement cost for Insuran￿ purposes.
Acquisitions are made by purchase or donation. Purchases Sin￿ 31 December 2012 have been rewrded
at cost and donations are recorded at Current value as determined by the tTUStees.
Depreciation is not charged on heritage assets which have an indefinite useful life.
OPERATING LEASE
Rentals applicable to operating leases where substantially all the benefrts and risks of ownership remain
with the leaser are charged against profits on a straight line basis over the period of the lease.
FUND ACCOUNTING
Funds held by the charity are either:
Unrestricted general funds - these are ftjnds which can be used in accordance with charitable objects at
the discretion of the trustees.
Designated funds- these are funds which the trustees have set aside for a particular purpose.
Restricted funds - these are funds that Can only be used for particular restricted purposes within the
objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for
particular restricted pU￿oses.
Further explanatDns of the nature and putpose of each fund is induded in the notes to the accounts.

14-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
ACCOUNTING POLICIES (continued)
STOCKS
Stock is valued at the lower of cost and net realisable value after making du8 allowance for obsolete and
Slow moving it8ms.
TAXATION
As a registered chartty, the company beneftts from business r8tes tax relief, and is generally exempt from
income tax, capital gains tax and corporation tax.
Deferred taxation arising in the subsidiary undertaking is provided using the liability method to tak& account of
timing differences between thè treatment of Certain items for a¢¢ounls purposes and their treatment for tax
purposes. Tax deferred or accelerated is accounted for in respecl of 811 matarial timing differences.
Unrecognised deferr8d tax assets arising on the trading losses of the subsidiary undertaking are
reassessed at each balance sheet date and are recognised to th8 extent that it becomes probable that
future profrts will allow the d8ferred tax asset to be recovered.
LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each member in
the event of winding up is limbted to £1.
DONATIONS AND LEGACIES
Unrestricted Restricted
2024
2024
Total
2024
Unrestricted Restricted
2023
2023
Total
2023
Donations
Grants
15,839
900
15.839
900
18.444
150
600
15,000
19.044
15,150
16,739
16,739
18,594
15,600
34,194
OTHER INCOME
Unrestricted Restricted
2024
2024
Total
2024
Unrestricted Restricted
2023
2023
Total
2023
Sundry sales
2.349
2.349
155
155
2.349
2.349
155
155

YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2023 (continued)
NET INCOME FROM TRADING SUBSIDIARY
The ￿MpanY holds 100% of the ordinary share capital of YMF serV￿s Limwied. a company incorporat￿j
in England. YMF Services Limited provides retail and (xtering faGiliiies for visiiors to the faming museum
and an eduGational programme. operated by Danelaw. The company ￿Venants its distributable income
to Yorkshire Museum of Famiing Limiied. A summary of its trading results 15 shown below:
Total
2024
Total
2023
Shop and cafe sales
Danelaw income
Santa Special income
Sundry income
Grants
28.414
372,856
67.842
3,404
750
27.579
349.302
56,398
2.468
15.750
473.266
451.497
Cost of sales
(292,566) (261.534>
Gross profit
180.700
189,963
Expenses
(179,974) (197,772)
Net profit
726
(7.809)
Other interest receivable and similar expenses
17
51
Taxation
Amount covenanted to par8nt
Increas81 (decrease) in subsidiary's reserves
743
(7.758)

16-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS- 31 DECEMBER 2024 (contlnued)
NET INCOME FROM TRADING SUBSIDIARY Icontlnu•d)
The assets and liabiltties of the subsidiary were-
Tolal
2024
Total
2023
Fixed assets
Cu￿ent assets
Creditors.. knounts falling due within one year
Creditors.. Amounts falling due after more than one year
Provisions.. Defe￿ed taxatian liability
145,000
119,285
83,539
46,258
1241,675) (178.922)
(500)
Total net assets
(13,136)
(13,879)
sha￿ capital
Profit and loss account
(13,138)
(13,881)
(13,136)
{13,879}
TRADING ACTIVITIES
Unrestricted
Restricted
Totsl
2024
2024
2024
Room hirelfijnctions
Café rent
Livestock income
7,153
6,CQO
2,732
7.153
6,CQO
2.732
15.885
15.885
LiVeSt￿k expenses
(3,679)
(3,679)
Net profrt
12.206
12,206

17-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
5. TRADING ACTIVITIES (continued)
Unrestricted
Restricted
Total
2023
2023
2023
Room hirelfunction5
Café rent
7.003
4.500
7.003
4.500
11,503
11.503
LivestcKk expenses
(4,545)
(4.545)
Net profrt
6,958
6,958
6. CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
2024
2024
2024
Salarie5
Building costs - rates
Repair5 and maintenance
Subscriptions
Special events expenditure
Depreciation
Support o)sts (note 7)
132,836
1,842
18,383
539
7,094
11.156
52.130
132,836
1,842
18.383
539
7.094
11.156
52.130
223,980
223.980
Unrestricted
Restricted
Total
2023
2023
2023
Salaries
Building costs - rates
Equipment
Repairs and maintenan
Subscriptions
Special events expendilure
Depreciation
Support costs (note 7)
79,747
2,447
719
14.766
513
3,891
7,935
50.021
79,747
2.447
719
14,766
513
3,891
7,935
50,021
160,039
160.039

18-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS- 31 DECEMBER 2024 (continuad)
SUPPORT COSTS
Unr8Stricted
2024
Restricted
2024
Total
2024
Note
Legal and professional
Bank interest and charges
Motor and travelling expenses
Computer equipment and sofvare
Sundry expenses
Archiving costs
Cleaning and laundry
Accountancy fees
Printing. postage and stationery
43,469
444
488
859
931
46
278
2.350
3,265
43,469
444
488
859
931
46
278
2.350
3.265
52,130
52,130
Unrestricted
2023
Restricted
2023
Total
2023
Note
Legal and professional
Bank interest and charg8S
Motor and travelling expenses
Computer equipment and software
Sundry expenses
Archiving costs
Cleaning and laundry
Accountancy fees
Printing, postage and ststionery
41,164
239
659
924
1.892
1,982
48
2,109
1,004
41,164
239
659
924
1,892
1,982
48
2,109
1,C()4
50.021
50,021

19-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (Gontinued)
ACCOUNTANCY FEES
Unrestrided
2024
Restricted
2024
Total
2024
Independent examination fees (inc. VAT)
2,350
2,350
2.350
2,350
Unrestricted
2023
Restrictè
2023
Total
2023
Independent examination fees (inc. VAT)
2,109
2,109
2,109
2,109
STAFF COSTS AND TRUSTEES REMUNERATION
Personnel costs during the year amounted to:
2024
2023
Group
Company
Group
Company
Wages and salaries
SocAal security Costs
Pension
365.043
19.104
9.803
124,001
3,398
5,437
307,371
12,508
7.923
75.299
1.851
2.503
393,950
132.836
327,802
79.653
No employee earned more than £60.000 per annum (2023.. none).
During the year 1 trustee had subsistence 8xpenses of £19 paid by the charity (2023.. £nil for O trustees).

-20-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
10.
STAFF NUMBERS
The average nurnber of employees during the year was:
2024
2023
Group
Company
Group
Company
Museum
Danelaw
Administration
Front of House
12
13
23
22
INTANGIBLE FIXED ASSETS
Group
Dlgltsl assets
Company
Digital assets
Cost:
At 1 January 2024
Additions
8.495
8,495
At 31 December 2024
8,495
8,495
Amortisation:
At 1 January 2024
Amorti5ation charged for the year
2.242
2,242
At 31 December 2024
2,242
2,242
Net book value at 31 December 2024
6,253
6.253
Net book value at 1 January 2024

21
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
12.
TANGIBLE FIXED ASSETS
GROUP
Leasehold
Catering
Improvements equipment
Display
panels
Plant and Motor Assets under
equipment vehicles construction Totsl
Cost:
At 1 January 2024
Additions
Transfer
Diswsals
407,128
26,220
41,912
8,316
121.415
179,723
3,853
14.299
42,320
11,552
773,201
41.625
(3,366)
(484
At 31 December 2024 475,260
8,316
121.415
180,210
14.299
11,476
810,976
Depreciation:
At 1 January 2024
Charge for the year
Disp)sals
244,112
10,285
5,363
601
121.415
140,103
9.347
(1,958)
14,299
525,292
20,233
(1,958)
At 31 December 2024 254.397
5,964
121,415
147,492
14,299
543.567
Net book value at
31 December 2024
220,863
2,352
32.718
11,476
267,409
Net book value at
31 December 2023
163,016
2,953
39.620
42.320
247.909
The net book value at 31 De￿mber 2024 represents fixed assets used for.
Direct charitable
Other purposes,.
Trading
122.409
145,000
267,409

-22-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
12.
TANGIBLE FIXED ASSETS (continued)
COMPANY
Leasehold
improvements
Display
panels
Plant and
equipment
Assets Under
Construction
Total
Cost:
At 1 J8nuary 2024
Additions
Trdnsfers
Disposals
330,606
121.415
91.062
3.183
38,510
581.593
3.183
38,026
(38.026)
(484)
(1,931}
(2.415)
At 31 December 2024
368,632
121.415
92,314
582,361
Depr8ciation:
At 1 January 2024
Cha￿e for year
Eliminated on disposaLq
243,092
6,977
121.415
88,462
1,937
(1,931)
452,969
8,914
(1,931)
At 31 De￿mber 2024
250,069
121,415
88,468
459.952
Net book value at
31 December 2024
118,563
3,846
122,409
Net book value at
31 Decerllber 2023
87,514
2,600
38.510
128.624
13.
HERITAGE ASSETS
Colledion
Cost or valuation
At 1 January 2024
Additions
401,047
At 31 December 2024
Heritage assets acquired prior to 1 January 2012 have been included at replacement value of £351.047
for insurance purposes at that date. Subsequent ajditions have and will be capitalised at cost or valuation.
There are no heritage asset transactions in the last 5 years.

-23-
YORKSHIRE MUSEUM OF FARMING LIMrrED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
14.
INVESTMENTS
2024
2023
Group
Company
Group
Company
Shares in subsidiary- at cost
2024
Company
2023
Group
Group
Company
15.
STOCKS
G￿dS for resale
11,797
10,593
2024
Company
2023
Group
Group
Company
16.
DEBTORS
Trade debtors
ArLrued income
Prepaymenls
Amounts due from-
group undertakings
17.168
1,237
11.228
910
988
848
15,502
253
11,212
2,605
166,352
103.463
29.633
168.898
26,714
106,321
2024
2023
17.
CREDITORS
Group
Company
Group
Company
Amounts due within one year
Trade creditors
Other taxes and social securty
Other creditors
Accruals
Deferred income (note 18)
12,817
36,819
32,305
7,327
500
400
1.504
10.079
2,462
16,689
32,581
30.057
6,822
750
456
1,197
7,378
2.411
89.768
14,445
86,899
11,442

-24-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
2024
2023
18.
CREDITORS
Group
Company
Group
Company
Amounts falling due after mcfe than one year
Other creditrjrs
500
50
2024
Company
2023
Group
Group
Company
19.
DEFERRED INCOME
Balance at 1 January 2024
Amounts released to income
1,250
(750)
2,000
{750)
Balance at 31 December 2024
1,250
Deferred income relates to deferred grarrt income £500 (2023: £1,250).
20.
UNRESTRICTED FUNDS
Balance
01.01.24
Movement in
Income Expenditure
Balance
31.12.24
Transfers
Designated funds
Rai￿aY fund
Fixed asset fund
Freehold land fund
11.269
529,671
200,000
18,135
<15,171)
(11,157)
14,233
529,708
200,000
11.194
740,940
18,135
(26.328)
11.194
743,941
General reserve
Non-charitable trading
funds
448,542
190.958
(193.331)
(11,194)
434,975
(13,879) 473.283 (472.540}
(13.136)
1,175,603
682,376 (692.199)
1.165.780

25-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
20.
UNRESTRICTED FUNDS (continued)
Balance
01.01.23
Movement in
Income Expenditure
Balan
31.12.23
Transfers
Designated funds
Rai￿aY fund
Fixed asset fund
Freehold land fund
General reserve
Nonacharitable trading
funds
10,396
526.378
873
11.226
200,000
215,125 (148,651) (212,099)
11.269
529,671
200,000
448,542
(7.933)
594.167
(6.121) 436,548 (459,306)
15,000
(13,879)
1,124.820
651,673 (615.890)
15,000
1.175,603
All desvJnated funds can be used at the discretion of the committee of management for any of the
chariiable objectives of the charity. The committee of management have alloGated funds, in the RaifrNay
FU￿1. towards the refurbishment of the railway. This design*ion is subject to the overall needs of the
charity.
The fixed asset fijnd represents all the tangible fixed assets and heritage assets held by the chariiy. The
transfer represents movement in fixed assets in the year.
Freehold land fund represents a provision for purchasing the freehold laTrJ.
The general reseNe fund represents those funds which ar8 unrestricted and not designated for other
purposes.
21.
RESTRICTED FUNDS
Balance
01.01.24
Movement in
Income Exp8nditure
Balance
31.12.24
Transfers
Tax
Scardffield trador fund
600
600
600
600
Balance
01.01.23
Movement in
Income Expendilure
Balance
31.12.23
Transfers
Tax
Morrell Trust- Sawkill
Building fund
Scardffield tractor fund
15,000
600
{l5,OC￿)
600
15,600
(15,000)
600
The Scardifield tractor fund is money donated for the maintenance of a tracior in the collection.
The Morrell Trust (2023 only) - Sawkill Building fund is a grant received toward the construction of the
John Sawkill building to house the Scarnlifield tractor collection.

-26-
YORKSHIRE MUSEUM OF FARMING LIMITED
NOTES TO THE ACCOUNTS - 31 DECEMBER 2024 (continued)
22.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricled
funds
funds
2024
2024
Total
funds
2024
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Fixed Assets
273.662
Heritage Assets
401,047
Current Assetsl{Liabilities) 491,071
Non-current (Liabililies)
273,662
401,047
491.671
247.909
401.047
527,147
1500)
247.909
401,047
527.747
(500)
600
600
1,165,780
600 1,166.380
1,175,603
600 1,176.203
23.
RELATED PARTY TRANSACTIONS
Craig Benton, a trustee, is sole director of Lork Limited. During the year £36.000 {2023: £36,000) was paid
for consultancy fees Lork Limited.
The wife of Chris Down8s, a trustee and Craig Benton, a trustee are also trustees of DeNent Valley Light
Railway Society. During the year YMF services paid ralway expenses of £240 (2023: £495).
Andrew Trezise. a trustee, provided £nii (2023: £1,071) of building contracling seNices.
There was a recharge cost to Stephenson and Son of £424 for subscription costs (2023: £635 for
subscription costs). Stephenson & Son also act as a wages bureau on behalf of the group.
24.
OTHER FINANCIAL COMMITMENTS
The company's land and property are subject to a 99year operaling lease, dated 1982. The lerms of this
lease are thal a peppercorn rent is payable for Ihe first 25 years and, thereafter, rent will be payable at
open market value. Following the end of the initial 25-year period, rent conlinues lo be charged on a
peppercorn basis at the discretion of the York Aucti￿ Centre.
25.
RESULTS OF YORKSHIRE MUSEUM OF FARMING LIMtrED
The amount of the deficit for the year dealt with in the accwnls of the museum is £10.566 (2023: surplus
of £59,141). The museum has not presented its own profit and loss account as pemiitted by Section 408
ofthe Companies Act 2006 and paragraph 397 of the SORP.