Company regi5tratlon numbèr. 02101699 Charity gIstratIon number,, 518587 Anson Museum Trust Limited (A compary Irnlted by guarantee) Annual Report Financial Statements for Ihe Year Ended 31 December 2024 Bright Partnershlp Llmited Suite 1 Arm¢on Buslness Park. London Road South Poynton Cheshire SK12 1LQ
Anson Museum Trust Llmlted Content5 Reference and AdmSnistrative Detals Balance Sheet 2to3 Notes to the Financial Statemen1$ 4t09
Anson Museum Trust Limited Reference and Administrative Details Trustses Mr John Moseley Mr Peter Geoffrey Challlnor MBE Charles Anthony Green MBE Mr John Moseley Secretary Charity Reglstratlon Number 518587 Company Réglstratlon Number 02101699 Reglstered Offlce Anson Englne Museum The Anson Anson Road Poynton Cheshire SK12 1TD Independent Examlner Mike Senior FCA Bright Partnership Limiled Suite 1 Amicon Business Park, London Road South Poynton Cheshlre SK12 1LQ Page 1
Anson Museum Trust Limited (Registration number: 02101699> Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Heritage assets 70,980 162.180 75,239 162,160 233,140 237,399 Curr•nt assots Stocks Debtors Cash at bank and in hand 902 799 50.991 52,692 802 2,164 34,743 37,709 Credilors: Amounts falllng due wlthin one ygar 10 4,837 5,611 Net curront assets 47.855 32.09B Total 0s58ts less curront Ilabllltles 280.995 269,497 Creditors: Amounts lalllng duo after more than on• y•ar Not assets 2.000 280 995 267,497 Funds of tho Charlty: Unrestrlctod Income funds Unrestricted funds 280.995 267,497 Tolal funds 12 280 995 287,497 For Ihe financial year ending 31 Decernbèr 2024 the charity was entitled to exemption from audit under seclion 477 of the Cornpanies Act 2006 relatlng to small companies. Directors, iesponsibiltknes.. The members have not required the ¢harity to obtain an audii of its accounts for the year In question In accordance with sedion 476: and The diredors acknowledge their responsibllltles for ccxnplwng with Ihe requlrements of the A¢t wlth respect lo accounling reGords and the preparatSon of accounts. The notes on pages 4 to 9 fom an integral part of these financial stalements. Page 2
Anson Museum Trust Limited (Registration number: 02101699) Balance Sheet as at 31 December 2024 The ncial statsments on pages 2 to 9 were approved by the Irustees. and authorised for issue on ..1 S and signed on their behalf by: Mr Peter Geoffrey Challinor MBE Trustee The notes on pagès 4 to 9 fomi an infrgral part of these finanGtal statement Page 3
Anson Museum Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 1 Accountlng policlos Summary of signlficant accounting polleles and key accountlng estlmates The prlncipal accounting policies applied in the preparailon of these financial statsments are set out below. These policies have been ¢onslstèntly applied to all the years presented, unless otheise stated. Statemènt of compllgnce The financial statements have been prepared in accordance with Accounting and Reporting by Charltles: Statement of Recarnmended Practice (applicable to charities preparing their a¢Unts In accordance wllh the Flnancial Reportlng Standard applScable in the UK and Republic of Ireland (FRS 102)) ossued In October 2019) - (Charilies SORP (FRS 102)), the Financial Reporting Stsndard appllcable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Bas13 of preparation Anson Museum Trust Limlted meels the definition of a publlc benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valu6 unless otherwise slatsd in the relevant accountlng pollcy notes. In¢ome and endowments All income is recognised in the Ststement of Flnancial Actlvities once the Charity has enlidernent to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructlve obllgation commitln9 the charlty to that expenditure, It 1$ probable that a transfer of economlc benefits will be required in settlement and the amount of ihe cbligation can be measured reliably. Expenditure is account&d for on an ac¢rual basis and has been classrfied under headings that aggregate all cost related to the category, Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The charity Is exempt from corporation lax on its charitable actÉvities. Heritsge assets Horitage assets arè recognlsÈd at market value. The heritage assets have indEfinite lives and are therefore not depreciated. Tangibl• fixed assets The cost of tangible fixed assets includes only expendture incurred in bringing the assets into WOTklng condition for their intended use. Depreciation is provided at the following annual rates in order to allocate thè c05t of each asset over its eSMated useful life. Page 4
Anson Museum Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 Asset class Fixtures & Ftttings Computer Equipment Plant & Machinery Buildings D•preciatlon method and rate 15% on reducing balance 33% on ¢ost 25% on reducing balance 2% on Gost Stock Stocks are valued at the lower of cost arKI net reallble value. after maklng due allowance for obsolete and slow mowng items. Fund Ac¢ountlng Unrestricted funds can be used in accordanee with the charitable obiectives at the dIScli0n of the trustees. R8strlcted funds can only be used for partlcuIar restricted purposes wlthln th8 obJeGts of the charity. Restrictions ari8e when specified by the donor or when furKls are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fd Is Induded in the notes to thè financial statements. 2 Income from othor trading activilles Total 2024 Total 2023 Other Trading Activities shop income Sale of scrap Cafe Income 3,921 2,998 S,S96 12.515 2.120 5,578 7,698 3 Invostment Income Total 2024 Total 2023 Deposit account interest 663 513 Pa9e 5
Anson Museum Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 4 Net Incomlngloutgoing resourcos Net Incoming resources for Ihe year indude: 2024 2023 Depreciation - owned assets 4.260 4,736 5 Trustees remuneration and expenses The amount expensos walved by the trustees during the year totalled £Nil (2023 - £Nil). Donations made by the irustees without any condillons attached totalled £Nil for the year P023- £Nil). 6 Tanglble fixed assets Land and bullding$ Flxtures and fitting5 Computer equlpment Plant and machlnery Total Cost At 1 January 2024 73.901 20,139 13,082 30.107 137,229 At 31 December 2024 73,901 20.139 13,082 30,107 137,229 Dgprn¢latlon At l January 2024 Charge lor the year At 31 December 2024 6,832 1,478 16.959 4T1 11.654 1.414 26,545 890 61.990 4,259 8,310 17.436 13.068 27,435 66.249 Net book value At 31 December 2024 65,591 2,703 14 2,672 70,980 Al 31 December 2023 67.069 3.180 1.428 3,582 75.239 7 Hèritage assots Page 6
Anson Museum Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 Other heritage asset elass I Total Cost At 1 January 2024 162,160 162.160 At 310ecember2024 162,160 162,160 Depreciatlon At 31 December 2024 Net book value At 31 December 2024 162,160 162.160 SUMMARY ANALYSIS OF HERITAGE ASSET TRANSACTIONS Heritage assets were Introduced in the year endlng 31 st December 2017 by way of donation at a value of £437.260. There were no additions or disposals in the accounting periods ending 31st December 2018. 2019, 2020 however in the period ending 31st December 2020 there was an Impairment review resulting in the existing heritage assets belng valued at £232.510. There were also no additions or disposal in the accountlng period enthng 31 st December 2021 however in the accounling period endlng 31st December 2022 there were dlsposals in total of £88.800 with proceeds of £800 recelved. A5 at 31 December 2022 the remaining heritage assets were valued at £162.160. There were no addition$ or disposals in the accounting period ending 31 st December 2023 nor even in 31st December2024 and no change In value. Summary of transactions Heritago asset 1 Cost OT valuations at 31 December 2024 Is represented by: Valuation in 2020 Valuation in 2022 Cost Total (204,750) 18,450 348,460 162 160 Page 7
Anson Museum Trust Limited Notes to the Financial Statsments for the Year Ended 31 December 2024 Heritage Assets - contlnuod The Heritage assets comprise a collection of internal combustion engines of historical or tschnical interest that have been valued on an open market basis by a trustee ot the charity who is deemed an expert in preparing valuaticns for these types of assets. The museum maintains a SpectrLKn Compllant Datsbase of th6 assets and access 1$ Ilmited to members of the Tnjst. 8 Stock 2024 2023 Stocks 902 802 9 Debtors 2024 2023 Prepayments Other debtors 799 916 1,248 2.164 799 10 Crèdltors: amounts falling due withln ong year 2024 2023 Bank loans Olh&r cdItOrS Accrua15 2,000 1.619 1.992 2,917 1.920 4,837 5,611 11 Creditors: amounts falllng due after ong yr 2024 2023 Bank loans Page 8
Anson Museum Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 12 Funds Balance at 31 DeGember 2024 Balance at 1 January 2024 Ineomlng resources Resources expendèd Unrestrlcted funds General 267,498 48.389 34,892 280,995 Balanca at 31 Decombèr 2023 Balance at 1 January 2023 Incomlng resou08 Re3our¢es expendod Unrestrfcted fund$ General 261,998 32 875 27,378 267,497 13 Related paty trdnsactlons Included withln charitable aclivtties there is rental expendlture of £1.300 (31 December 2023 - £1,300). This is owed to a trustee of the charity who owns Ihe land and the £1.300 remains oulglanding and is included wlthin credltors at 315t December 2024. Rent was Incurred in the year ended 31 December 2023. Page 9