REGISTERED COMPANY NUMBER: 01785592 (England and Wales)
REGISTERED CHAIUTY NUMBER: 514840
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
HOLYHEAD MARITIME MUSEUM LIMITED
Williams D¢nton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Par¢
Par¢ Menai
Bangor
Gwynedd
LL57 4FE

HOLYHEAD MARITIME MUSEUM LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Independent Ex4miner'$ Report
Statement of Financial Aetlvltles
Balance Sheet
6 to 7
Notes to the Finan¢ial Statements

HOLYHEAD MARITIME MUSEUM LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustccs who ar¢ also dir¢¢tors of the charity for the PU￿OSeS of the Companies Act 2006, present their report with
the fman¢ial statements of the charity for tbe year ended 31 December 2024. Th¢ trust¢¢s hav¢ adopt¢d th¢ provisions
of Accoullting and Reporting by Charities.. Stat¢m¢nt of Rccommcndcd Practice applicable to chaTities preparing their
accounts in accordancc with the Financial Reporting Standard applicabl¢ in th¢ UK and licpublic ol Ireland (FRS 102)
(¢ff¢ctiv¢ l January 2019).
OBJECTIVES AND ACTIvrrIES
Objeetive$ and
To advance the education of the public in local maritime history by the provision of a museum.
Public benefit
The tn￿tee8 confirnl that th¢y have referred to the guidance contain¢d in the Charity Commission's gen¢ral guida￿¢ on
public benefit when reviewing the ChariWs aims and objcctives and in planning future activiti¢s.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
crations
The 2024 season again saw a sigDifi¢ant increase in footfall with over 7,500 visitors to the museum. This r¢sulted in an
increase in visitor g¢nerated income through entranc¢ fees and gift shop sales. We a]so experienced an increase in
school visits with over 500 pupils from local schools attending to find out about their local history. Our two bilingual
volunteers who organis¢ and deliver this aspect of our work were again kept busy. W¢ also offered an Open Day
towards the end of the season with free enty. W¢ were pleased to see an increas¢ in the numbers of those who took
advantage of this offer.
Cruise ships ¢ontinu¢ to visit the port and this year saw an increase in the numb¢r of visitors at the museum. This was
helped by the activities of the n¢wly fonned volunteer group supported by the Town Council - 'Welcome to Holyhead
Croeso i Gaergybi,. The business group. Mon Cf. organised ¢oa¢h tours around the local area and the museum
participated in and benefited from tbis new initiative.
Our team of volunteers (40+) Continue to operate the museum with commitment and enthusiasm offering a warni
welcome to all who visit. We thank them for all their hard work
The investment made by the museum to help the Harbourfront Bistro extend its sealing area has been very Success￿1.
Tbe museum continues to benefit financially from its arrangement with the Bistro.
Operating costs, particularly energy are increasing year on year. Opportunity was taken during the year to renegotiate
our ¢ncrgy contracts that reduccd our cost. We are anticipating increases to energy, water and sewerage during the
fortbcoming year.
It was in anticipation of increased operational costs at the commenc¢m¢nt of the season that a decision was made to
increase th¢ ¢ntrancc charge. We had pr¢viously bcen able to hold them for thc last five years. Conc¢rn was expressed
that this might dctcr visitors but this was unfounded. We Continue to off¢r frce enty to children under 16.
Museum Develo
ment
We continue to seek an expansion of the mus¢um and have approach¢d potential funders for support to improve the
hop, toilel and Bistro kTtchen facilities. This is bcing done to improve the sustainability of the mus¢um.
External A
encics
The museum continucs as a stakeholder with the Ynys Cybi Landscape Project and supports tts initiatives when able.
Maintenance
No significant maintenance work was undertaken although concern h&s been expre&sed to the adequacy of the heating
in the Air Raid Sh¢lt¢r. This will be rectified in thc COTning months.
Museum National Accrcditation.
R¢n¢wal is duc in 2025. Pr¢paTatory work is underway.
Marketin and Promotion
The museum continucs to maintain a high profil¢ through its website and social media platforn]s. The museum
contAnu¢s to r¢c¢iv¢ vcry positive rcvi¢ws on both Google and TripAdvisor. Work has progressed through thc year to
develop a n¢w website. This will b¢ launched at commenc¢m¢nt of the new s¢ason.
Pag¢ I

HOLYHEAD MARITIME MUSEUM LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Th¢ accounts for th¢ Mu8¢um aTe divided into restricted and unrestricted funds. The latter are the most important for the
pury)os¢s of the members of tbe Museum since they represent the general day-to-day running of the operation.
Overall there was a net sury)lus of £23,385 in unrestricted funds during the year.
Unrestricted fLmds at the year end were £194.602 and are still within the guideline of a minimum of three months
running costs.
Restri¢t¢d funds incr¢as¢d during th¢ year by £6.992 to £192.788 and are represented by tangible f￿¢d assets and cash
at bank.
Reserves policy and going concern
In lin¢ with good pra¢tic¢ it is agre¢d that monies are allocafrd towards a reserye the pury)ose of which is to ensure
Holyhead Maritime Museum continues to be concerned with educating the public in local maritime history.
- To ¢nsur¢ cashflow
- To cover any unforeseen circumstances
- To provide the 4)pportynity to attractlidentify fimding should existing fimding b¢ subjected to ¢utba¢ks
- To ensure that should all fijnding cease, the organisation would be able to fulfjl all of its financial and legal obligations
when winding up.
The level of th¢ res¢rve will be Teviewed annually by the Board.
The Trustees are of th¢ view that there are no material uncertainties and therefore the Charity is a going conceTn.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing documenl, memorandum and articles of association (dat¢d 24 January 1984)
and constitute a limited company, lirnited by guarantee, as defined by the Companies Act 2006. In the ¢v¢nt of an
insolvent dissolution, the members will each contribute £1.
Recruitment and appointment of trustees
Any ¢xisting trust¢¢ can nominate anyon¢ with knoWI￿ge of maritim¢ history to become a new Irustee,
The board of Irustees will then vote on the nominated individual and if a n￿JOrity of trust¢¢s , provided a quorum is
present, vote in favour of this individual then th¢y will b¢ appointed as a trnstee of the charity.
Any trustees appoint¢d Shall hold offi¢¢ until the next annual general meeting and shall b¢ ¢ligible for re-election.
Th¢ number of trustees shall not be less than three and not more than fifteen.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01785592 (England and Wales)
Registered Charity number
514840
Page 2

HOLYHEAD MAluTIf*￿ MUSEUM LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Registered office
Old Lifeboat Station
Newry Beach
Holyhead
Anglesey
LL65 IYD
Trustees
Mr G Williams
Captain T W Roberts
Mr D G Davies
Mr E E Anthony
Mr B R Hillier
Mr W G Thomas
Captain P N Humphreys
Mrs J B Jon¢s (resigned 20.2.25)
MTS S Prince
Mr O M Williams
MTS A Kennedy (appointed 12.8.24)
Mr I Williams (appoint¢d 12.8.24)
Company Secretary
MTS C L Roberts
Independent Examiner
Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE
Solicitor5
TR Evans Hughes & Co
Victoria Chambers
Holyhead
Anglesey
LL65 IUR
Approved by order of the board of truste¢s on .......
. and sigTh￿ on ils behalf by".
Mrs S Prin¢¢ - Trustee
Page 3

INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF
HOLYHEAD MARITIME MUSEUM LIMITED
Independent examiner's report to the trustees of Holyhead Maritime Museum Limited ('the Company,)
I r¢port to the charity tnjstees on my examination of the accounts of the Company for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity's trust¢¢s of th¢ Company (and also its directors for thc purposes of cornpany law) you arc rcsponsiblc for
the preparation of the accounts in accordance with tb¢ rcquir¢ments of the Companies Aci 2006 ('the 2006 Act?.
Having satisfied myself that the accounts of the Company are not required to be 2udit¢d under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your ¢barity's accounts as carried
out under S¢ction 145 of tb¢ Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the
Dir¢¢tions given by the Charity Commission under Section 145{5} (b) of th¢ 2011 Act.
Independent exp4mlner's statement
I have completed my ¢xamination. I confirni that no matters have come to my att¢ntion in connection with the
examination giving me cause to believe:
accounting r¢¢ords w¢re not k¢pt In r¢sp¢¢t of th¢ Company as r¢quir¢d by S¢ction 386 of the 2006 Act. OT
the accounts do not accord with Ihos¢ r¢¢ords' or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act othcr than any
requirement that the accounts give a true and fair vicw which is not a matter consid¢r¢d as part of an
independent exarnination" or
thc accounts havc not b¢on prcparcd in accordance with th¢ m¢thods alld prlnciples of th¢ Statement of
Recommended Practice for atcounting and Teporting by charities (applicable to charities pr¢paring th¢ir
accounts in ac¢ordan¢¢ with th¢ Financial R¢porting Standard applicable in the UK and Republic of Ireland
(FRS 102)).
I have no concerns and have ¢om¢ across no other matters in connection witb the examination to which attention should
be drawn in this ryort in Order to enable a proper understanding of the accounts to be reached.
Colin Bell FCCA
Williarns D¢nton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwyncdd
LL57 4FE
Date: .............
11...[31.................
Page 4

HOLYHEAD fviAIUTIME MUSEUM LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(tNCORPORATING AN INCOME AND EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
fund$
2023
Total
funds
Unr¢stri¢t¢d
funds
R¢strict¢d
funds
Noks
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,778
15,784
17,562
8,957
Cbaritable activities
Education of Maritimc History
35J43
35,343
43,772
Other trading activities
Investment income
Other income
35,109
13
50
35,109
13
50
31,237
Total
15,784
88,077
83.974
EXPENDITURE ON
Raising funds
9207
9,207
6,132
Charitable activities
Education of Maritime History
Jobn Cave Memorial Fund
39.701
6,737
2,055
46A38
46,614
1,415
Total
48,908
57,700
54,161
NET INCOME
23J85
6,992
30,377
29,813
RECONCILIATION OF FUNDS
Total funds brought fonvard
171,217
185,796
357.013
327,200
TOTAL FUNDS CARRIED FORWARD
194,602
192,788
387J90
357.013
The notes form part of these financial 5tatcments
Page 5

HOLYHEAD MARITIME MUSEUM LIMITED
BALANCE SHEET
31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fimds
Notes
FIXED ASSETS
Tangible assets
Heritage assets
13
14
30,232
993
174,246
204,478
993
211,156
993
31225
174,246
205,471
212,149
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
15
16
12,234
9J38
144.715
12,234
9,338
163 257
13,485
10,024
124.153
18.542
166,287
18,542
184,829
147,662
CREDrroRS
Amounts falling due within one year
17
(2,910)
(2,910)
(2,798)
IYET CURRENT ASSETS
163 377
181919
TOTAL ASSETS LESS CURRENT
LIABILITIES
194,602
192,788
387J90
357,013
NET ASSETS
194,602
192,788
387,390
357 013
FUIYDS
Unrestricted funds
R¢stricted funds
18
194,602
192 788
171,217
185,796
TOTAL FUNDS
387J90
357.013
The Charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year
ended 31 December 2024.
Thc members have not r¢quir¢d the company to obtsin an audit of its financial statements for the year ended
31 Dccember 2024 in accordancc with Section 476 of the Compani¢s Act 2006.
The trustees acknowlcdgc thcir rcsponsibilitics for
(a)
ensuring that thc charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial stat¢m¢nts which giv¢ a tru¢ and fair vi¢w of th¢ stste of affairs of th¢ charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwis¢ comply with th¢ requirements of the Compani¢s Act
2006 relating to financial statements, so far as appli¢able to the charitable company.
Ib)
The notes fonn part of these financial statements
Page 6
continue(L..

HOLYHEAD MAIUTIME MUSEUM LIMrrED
BALANCE SHEET- contlnmed
31 DECEMBER 2024
These financial slalements have been prepared in accordance with the provisions applicable to charitabl¢ compani¢s
subject to the small companies regime.
The fi
ial stst¢m¢nts w¢re approved by the Board of Twstees and authoris¢d for issu¢ on
. and were signed on its behalf by..
Mrs S Princ¢ - Twst¢¢
Captain T
Rob
rts - Trustee
Th¢ notes forni part of th¢se financial stal¢m¢nts
Pag¢ 7

HOLYHEAD MAIUTIME MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charilable company. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accoTdance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (eff¢¢tive l January 2015),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ir¢land' and the Companies Act 2006. Th¢ financial statements hav¢ b¢¢n pr¢par¢d under th¢ historical cost
convention.
Income
All income is recognised in the Statement of Financial Activities once th¢ charity has entitlement to tbe funds, it
is probable that the incom¢ will be received and the amount can be measured reliably.
Donations are Tecognised when the charity has been notified in writing of both the amount and s¢ttlem¢nt date.
In th¢ event that a donation is subject to conditions that require a level of perforn]ance before the charity is
¢ntitl¢d to the funds, the income is defe￿ed and Dot recognised until those conditions are met.
Expendlture
Liabilities are recognised as exp¢nditur¢ as soon as ther¢ is a legal or constructive obligation committing the
charity to that expendiNr¢, it is probabl¢ that a transf¢r of ¢¢onomic b¢nefits will be required in settlement and
the amount of the obligation Can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost r¢lat¢d to th¢ category. Wh¢r¢ costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is PTovided at the following annual rates in ord¢r to write off each asset over its estimated use￿1
life.
L¢asehold property
Plant & equipment
Fixtures and fittings
Bistro equApment & thrniture
20/0 on cost
250/0 on cost
25D/o on cost
200/0 on wst
Tangible fixed assets for us¢ by th¢ charity are stated al cost or in cases where fixed ass¢ts have been donated at
valuation at the lime of acquisition, less depreciation. The cost of minor additions or thos¢ costing below £500
are not capitalis¢d.
Heritage assets
Heritage assets donated to the Museum have not b¢¢n Capitalised and in the opinion of the Truste¢s th¢
considerable cost of valuation of the collection of h¢ritag¢ assets can not be justified on cost benefit grounds.
Heritage assets purchased by the Museum with an individual value of £500 or greater have been
capitalised at historic cost.
Depreciation is not cbarged on heritage ass¢ts. An annual impairnlent review is carried out by management.
Stoeks
Stocks are valued at tbe lower of cost and net realisable value, after tnaking due allowance for obsol¢t¢ and slow
moving items.
Taxation
The charity is exempt from cory)oralion tax on its charitabl¢ activities.
Page 8
continued...

HOLYHEAD MAIUTIME MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - Continued
Cash at bank and in hand
Cash at bank and in hand tncludes cash and short t¢rni highly liquid investments with a short maturity of twelfth
months or less from the date of acquisilion or opening of the deposit or similar account.
Fund accounting
Unrestricted funds can be used in accordance with the charAtable objectives at the discretion of the trustees.
Restrict¢d funds can only bc used for particular Testricted pury)os¢s within thc objccts of the charity.
Restrictions arise wh¢n spccificd by the donor or when funds are rais¢d for particular rcstrictcd purposcs.
Further explanation of the natur¢ and pU￿oSe of each fund is included in the notes to the financial statements.
Legal status of the charity
The charity is a company limit¢d by guardntee and has no share capitsl . In the ¢vcnt of the charity being wound
up, the liability in respect of tbe guarantee is limited to £1 per memb¢r of the charity.
DONATIONS AND LEGACIES
2024
2023
Donations
Donations - John Cav¢ Memorial Fund
Legacies
1,777
15,785
3,957
5,000
17,562
OTHER TRADING ACTIVITJES
2024
2023
Book & DVD sales
Souvenir sales
Confectionery sales
Bistro rent and commission
Sundry income
1,292
13,029
2,071
18,540
177
1,199
12,444
920
15,514
1,160
35,109
31.237
INVESTMENT INCOME
2024
2023
D¢posit account interest
13
Page 9
continued...

HOLYHEAD MARITIME MUSEUM LIMITED
NOTES TO THE FIIYANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
INCOME FROM CHAIUTABLE ACTIVITIES
2024
2023
Activity
EducatlOD of Maritime History
Education of Maritime History
Education of Maritime History
Grants
Entran¢¢ fc¢s
Entran¢c f¢¢s-gift aid rebate
750
33,979
614
15,929
27,050
793
35J43
43,772
Grants received, included in the above, are as follows:
2024
2023
Federation of Museums
Isle of Anglesey County Council
National Manuscripts
Welsh Government
Kids in Museums
250
348
1,814
267
13,500
soo
750
15,929
OTHER INCOME
2024
2023
Gain on sale of tangible fixed assets
50
RAISING FUNDS
Other trading activities
2024
2023
Purchas¢s
6,132
CHARITABLE ACTIVITIES COSTS
Support
costs (see
not¢ 9}
Direct
Costs
Totals
Education of Maritim¢ History
John Cav¢ M¢morial Fund
45,076
2,055
lJ62
46,438
48,493
Page 10
continued...

HOLYHEAD MARITIME MUSEUM LIMITED
IYOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 DECELIIBER 2024
SUPPORT COSTS
Governance
costs
Education of Maritime History
io.
NET INCOMEI(EXPENDITURE)
Nel incomel(expenditure) is stat¢d aft¢r chargingl(crediting).'
2024
2023
Independent Examiners, ren
Depreciation - own¢d assets
Surplus on disposal of fixed assets
1,362
18,970
50)
1,296
17,680
ii.
TRUSTEES, REMUNERATION AND BENEFrrs
Th¢r¢ w¢r¢ no trnstees, Temuneration or other benefits for the y¢ar ended 31 December 2024 nor for the year
ended 31 D¢c¢mber 2023.
Trustees, expenses
Ther¢ w¢re no trustees, expens¢s paid for the year ¢nd¢d 31 December 2024 (£nil in the year ended 31
D¢remb¢r 2023).
12.
COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestri¢t¢d
funds
Restricted
nds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,669
1,288
8,957
Charitable activities
Education of Maritime History
43,772
43,772
Other trading activities
Investment income
31.189
48
31,237
Total
83.974
EXPENDITURE ON
Raising funds
6.132
6,132
Cbarltable Activities
Education of Maritime History
John Cave Memorial Fund
39,877
6,737
46,614
1.415
Total
NET INCOMEI(EXPENDITURE)
36,629
(6,816)
29,813
Page 11
¢ontinue&..

HOLYHEAD MARITIME MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
COMPA114TIVES FOR THE STATEMENT OF FIIYAIYCIAL ACTIVITIES - eontlDued
Unr¢strict¢d
Restricted
funds
nds
Total
funds
RECONCILIATION OF FUNDS
Total funds brought forward
134,588
192,612
327.200
TOTAL FUNDS CARRIED FORWARD
171,217
185,796
357 013
13.
TANGIBLE FIXED ASSETS
Fixtures
Bistro
equipment
& furniture
L¢as¢hold
property
Plant &
¢quipment
fittings
Totsls
COST
At l January 2024
Additions
Disposals
344,410
57,898
12,295
62,744
51,269
516J21
12,295
475
At 31 December 2024
528 141
DEPRECIATION
At l January 2024
Charge for year
Eliminated on disposal
158J91
6,886
52,764
7,084
62,744
31,269
5,000
305,168
18,970
475
At 31 Decenther 2024
165 277
62,744
323,663
NET BOOK VALUE
At 31 D¢c¢mb¢r 2024
179,133
10,345
15,000
204 478
At 31 December 2023
186.019
5,134
20,000
211.153
14.
HERITAGE ASSETS
Total
MARKET VALUE
At l January 2024 and 31 December 2024
993
NET BOOK VALUE
At 31 December 2024
993
At 31 D¢￿mber 2023
993
Page 12
continued...

HOLYHEAD MARITIME MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
STOCKS
2024
2023
Stocks
13,485
16.
DEBTORS: AMOUNTS FALLING DUE WITHtI ONE YEAR
2024
2023
Trade debtors
Oth¢r d¢btors
Pr¢paym¢nts
5,226
593
4.500
801
4,723
9,338
10,024
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accru¢d ¢xp¢ns¢s
D¢f¢rr¢d grants
2,760
150
2,398
400
2,910
2,798
18. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
171,217
23J85
194,602
Restricted fund5
Leasehold property & fixed ass¢t ￿nd
John Cave Memorial Fund
180,984
(6,737)
13,729
17{247
185,796
192,788
TOTAL FUNDS
357 013
387,390
Pag¢ 13
continued...

HOLYHEAD MARITIME MUSEUM LIMITED
NOTES TO THE F1Tr4ANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
18.
MOVEMENT IN FUNDS - eontinued
Net movement in funds, included in the above are as follows:
Incoming
r¢souTC¢5
Resources
¢xpcnd¢d
Movement
in funds
Unrestricted funds
General fund
72293
(48,908)
23J85
Restrieted funds
Leasehold property & fixed asset fund
John Cave Memorial Fund
(6,737)
(6,737)
6,992
TOTAL FUNDS
Comparatlves for movement in funds
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestricted funds
Gcncral fund
134,588
36,629
171217
Restri¢ted funds
Leas¢hold prop¢ty & f￿¢d asset fund
John Cave Memorial Fund
187,720
4,892
(6,736)
80)
180,984
192612
6,816)
185 796
TOTAL FUNDS
327,200
29,813
357013
Comparative net mov¢ment in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Moven]ent
in funds
Unrestricted funds
General fund
82,638
(46,009)
36.629
Restricted funds
L¢as¢hold prop¢rty & f￿¢d asset fund
John Cave Memorial Fund
(6,737)
(6,736)
80)
6.816
TOTAL FUNDS
83,974
S4,161)
Page 14
continued...

HOLYHEAD MARITIME MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - tontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
RELATED PARTY DISCLOSURES
Th¢r¢ were no related paty transactions for the year ended 31 December 2024.
20.
PURPOSE OF RESTRICTED FUNDS
Leasehold
ro
& flxed assets fund
These have been set up to assist in identifying those funds that are not free funds and were pr¢viously accounted
for as deferred capital grant income. It compris¢s th¢ purchase of the leasehold property, fixtures and fittings,
plant and ¢quiprn¢nt and any subsequent additions.
John Cave Memorial Fund
This is a bursary ￿nd set up in honour of John Cave MBE, forni¢r president of the Holyh¢ad Maritime
Mus¢um. The purpose of this fund is to provide fimds to local school's to assist with education.
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