The National Cycle Museum continues to run against the costs of Renting Premises from the Local Authority, and associated overheads, such as Insurance, Utility Bills, Accountants fees etc.
It survives by virtue of
1/ Fee Paying Visitors to the Museum Site.
2/A Subscription to a magazine distributed to ‘Friends of the Museum’ (published by Museum Volunteers, a portion of the ‘Friends’ Subscription supporting the ongoing running costs.
3/ Voluntary Donations and Legacies
4/Sales of surplus Cycling Ephemera which is donated with a view to sale to support the Museum.
5/A small income derived by deposits of accrued Cash
No One derives a wage from their involvement in the running of the Museum.
(We do cover ‘Out of Pocket’ Expenses for Trustees and Volunteers)
P.Arnold
Company Secretary
Profit and Loss
National Cycle Museum For the year ended 31 March 2024
| Profit and Loss National Cycle Museum For the year ended 31 March 2024 |
||
|---|---|---|
| 2024 | 2023 | |
| Turnover | ||
| Admission & Sales | 9,520.89 | 13,820.06 |
| Donations | 22,537.00 | 3,302.00 |
| Other Revenue | - | 645.83 |
| Total Turnover | 32,057.89 | 17,767.89 |
| Gross Profit | 32,057.89 | 17,767.89 |
| Administrative Costs | ||
| Advertising & Marketing | 5,003.15 | 2,260.48 |
| Audit & Accountancy fees | 425.00 | 775.00 |
| Charitable and Political Donations | (25.00) | - |
| Depreciation Expense | - | 187.00 |
| General Expenses | 1,152.72 | 2,970.04 |
| Insurance | 1,611.96 | 1,526.38 |
| IT Software and Consumables | 2,748.20 | - |
| Legal Expenses | 47.40 | 111.00 |
| Light, Power, Heating | 2,035.35 | 1,044.00 |
| Printing & Stationery | 31.60 | 10.55 |
| Rent | 10,218.48 | 10,197.48 |
| Repairs & Maintenance | - | 84.00 |
| Staff Training | 141.00 | - |
| Telephone & Internet | 453.02 | 434.61 |
| Travel - National | 2,763.90 | 1,444.35 |
| Total Administrative Costs | 26,606.78 | 21,044.89 |
| Operating Profit | 5,451.11 | (3,277.00) |
| Profit on Ordinary Activities Before Taxation | 5,451.11 | (3,277.00) |
| Profit after Taxation | 5,451.11 | (3,277.00) |
Profit and Loss National Cycle Museum
19 Dec 2024 Page 1 of 1
NATIONAL CYCLE MUSEUM
Registered Number 01821702 (England and Wales)
Unaudited Financial Statements for the Year ended
31 March 2024
NATIONAL CYCLE MUSEUM
Company Information for the year from 1 April 2023 to 31 March 2024
Directors
Company Secretary
Registered Address
Registered Number
ARNOLD, Paul Anthony DAVIES, Alan Peter DAVIES, Freda Mary DAVIES, Owen Glynn GILL, John MAGRATH, Phillip Anderson MELLING, Paul MILLWARD, Andrew, Dr
ARNOLD, Paul Anthony 73 Barnett Lane Wordsley Near Stourbridge DY8 5PS
01821702 (England and Wales)
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NATIONAL CYCLE MUSEUM
Balance Sheet as at
31 March 2024
| Assets Fixed Assets Current Assets Capital, Reserves and Liabilities Capital and reserves Creditors amounts falling due within one year Accruals and deferred income |
2024 £ 324 56,065 |
2023 £ 324 50,614 |
|---|---|---|
| 56,389 | 50,938 | |
| 54,510 1,154 725 |
50,090 123 725 |
|
| 56,389 | 50,938 |
The company is a private company limited by guarantee and registered in England and Wales. It was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Average number of employees
The average number of persons employed by the company in the period was 0 (previous period: 0).
The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2024, and are signed on its behalf by:
ARNOLD, Paul Anthony Director Registered Company No. 01821702
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