Report of the Trustees For the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practise 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 2015).
Objectives and Activities
Objectives and aims
The company’s principal objectives are the advancement of education of the public in England and Wales. These objectives are achieved through the provision of a museum.
Achievement and Performance
Charitable activities
The only area of charitable activity is the provision of a museum open to the public. The performance of the museum is quantified in the charity’s statement of financial activities.
Financial Review
Reserves Policy
Adequate finance has been obtained to take advantage of business opportunities and the trustees consider the state of affairs of the charity to be satisfactory. This is with the support of funds provided when required by Mr A Logan, trustee, as described in note 8 to the accounts.
Future Plans
The museum intends continuing to operate as normal in the future.
Structure, Governance and Management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Under the requirements of the Memorandum and Articles of Association, directors are elected to serve for a 3 year period after which they must seek re-election.
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.