REGISTERED COMPANY NUMBER: 02269894 (England and Wales) REGISTERED CHARITY NUMBER: 800297 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BATH INDUSTRIAL HERITAGE TRUST LIMITED Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA12NE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pago Report of the Tru8t•O8 Indopgndent Ex•mlner'8 R•port Statsmont of Flnanclal Actlvltles Balance Sheet 9 to 10 Notss to the Flnanclal Statem8nt• 11 to 18 Detallad 8tatement of Flnanclal Actlvltlos 17 to 18
BATH INDUSTRIAL HERITAGE TRUST LIMITED {REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice 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 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms The objectives of the company are to advance the education of the public of Bath's industrial heritage through the m8intenance of The Museum of Bath at Work; and to extend, enhance, conserve, maintsin and store the collections of the Museum. Flnanclal revlew The Tru8tees' Report covers the 12 month8 1 April 2023 to 31 March 2024. Totsl incoming resources for the year increased from £69,073 to £100,268. This included donations over the ye8r of £19,738 {£13,919 - 2022123). Re80urce8 expended have increased from £67,788 to £85,910. Overall the funds of the charty increased from £108,440 to £122,798. Page 1
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Public benefit The company continued to provide activty for public benefit under its Charitable objects. In preparing this report, the Trustees have complied WFlh their duty to have regard to the Charity Commission's public benefit guidance. Following the Covid-19 tockdowns in 2020 and 2021, it ha8 taken hvo years to retum to a normal 16vel of business and Income. Last year 2022123 started the recovery, but it was slow. In the year now under consideration, we have almost reached a comparable posltlon to 'pre-Covid' 2019120 for visltor numbers and admi88ions income. Community groups which regularly hire the Mu8eum for meetings have thrived. and Some new groups have 8tart¢d to Use th• Museum. Exhibitlons In the main gallery space we continued to display Made in Bath, an exhibition 8howing the wide range of creative businesse8 in Bath, curated and designed by Mytton William8 d68ign and branding consumancy. By 8howing examples of innovation and creativty in the clty, the Museum can illustrate how the pa8t history of Bath'8 working IW8 connect8 to the present. In the Hud80n Gallery 8howed Faco to Face, an 8xhibitlon of portrait photographs from the Bath studlo of Tom Carlyle Leaman taken In the 18908 and 19008. The Mu88um acquired the glas8 plate neg8tTrve8 from a donation some years ago,. many of the plates have a surname on the back and a group of volunteers researched as many of th8 n8me8 as possible using Cen8U8 and other publi8hed record8, identifying about 40 8torie8 of working liv88 in Bath and where these people Ilved. Thank8 to the hlgh-qualrty dlgitl8ation of the image8, detsi18 of clothing and acce88orie8 could be examined very c108ely, 80 the exhibition a180 explored the busines8e8 and shop8 where they Vuld have bought their clothe8, drawing on advertisement8 in the Ioc81 Bath Chronicle newspaper of the period, A Study Day exploring them68 in the exhibition wa8 wall attended. Over the winter 2023-24, we di8played some of the portrait photograph8 of contemporary worker8 in 88th from the All Day Long.. Bath in 50 Portraits project (2022) along8id8 80me of the Vlctorian and Edwardian portralts - these provided a fasclnating contrast. The wlnch rnade by local fimi Stothert & Pltt was conserved and re-painted (work funded by the Frlends of Museum of Bath at Work) In 2023. The Bath Stone Group of Limpley Stoke generou81y donated a large block of Bath 8tone to support the wlnch for display in the courtyard at the front of the museum, and it wa8 installed in MarchApril 2024. The Bath Po8ts1 Museum sadly cloged at the end of 2023, and some exhibition dlsplay case8 and other item8 vRre donated to U8 by the Postal Mu8eum'8 tN8tee8. Events Talk8 and film 8creenlng8 were held throughout the year. The Angu8 Buchan8n Memorlal Lecture wa8 held In May 2023, a joint event with Bri8tol Indu8trial Archaeological S¢xiaty (BIAS). Dr Ca8sie Newland from Bath Spa University 8poke on indu8trial and historical archaeology. During Bath Fringe Festival 8créened a numbar of film8 With introductory talk8 and post-film digcu88ions '80,000 Suspects, (a 1963 medical romance drama in which an epidemic not unlike Covid-19 hit8 the city of Bath), 'Winstanley', 'Rank & File,, and 'Eric Raviliou8: Drawn to Wal. On 22 July a traditional style summer fete was held jointly with neighbourlng Christ Church. This enabled the church's congregatlon and supporters and the Museum's Friends, volunteers and supporters to Yrk together on a community project, with stalls in both buildings and outside. Page 2
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES We participated in the national Heritage Open Days festival on 16 and 17 September with free film screenings of Tim Plestevs 2011 film Way of the Morris, about the Adderbury Morris side and the wtder origins and history of Morris dancing. During th8 local Museums Waek at October half-term there were film screenings of documentaries relating to industrial and urban heritage including 'Traffic in Towns,, a public infomiation film about th8 1963 Buchanan report. The annual Michael Cro89 Lècture in October featured historian Colin Fisher on 'Bath Livesllndian Lives.. Bath and the Sub-Contln8nt 18th century to the 20th Century,. Project8 We successfully applied for a grant from the National Lottery Heritage Fund for the 'Costing the Earth, project, VrkIng with local history groups and other community groups during 2023124. The resulting exhibltlon will be shown in 2024 and examine8 the18gaci88 - both good and bad - of Bath's industrialisation since 1700. The exhibitlon wlll be presented on ten cardboard cube8, each 1 metre square, and Ihe fundlng has also allowed the raprinting and updating of tha highly 8ucces8ful 2015 exhlbltlon 'Knowing Your Placo,. A grant from the A880ciation of Independent Mu8eum8 (AIM) in December 2023 enabled u8 to undertake a project which we have want8d to do for several yaar8. Working with BEMSCA (Bath Ethnic Minority Senior Citizens A88ociation), 'Moving Stories, involves interview8 wlth the elders who attend the group about thelr experiances as the fir8t g8neration of migr8nt8 from the Caribbean islands who Settled in Bath in the 19508 and 19608. The project focusas on the jobs they did when they arrNed, how they found place8 to live, and how they bullt a community- the Rainbow Steel Band, founded in Bath in the late 19505 by Mr Hallam Ifill and stlll working today, Is jusi one example. The oral history material will ba presented in 8xhibi&ion format with portralt photograph8 of the partlclpant8. W8 have wanted to imprové our yb51t8 for some timè, to address functionality, navigation, and the look and feel of the Slte. In 2023124 we commlssloned Chr13 Dawson of Tall Hat Design, a local web builder, to create and design a new webslte and migrate the old content. Thls has given much improved Speed and flexlbility. and volunteers have been trained to input and upload ngw content. We contlnue to Vrk wtth our prevlou8 web master, Barry Hall, on exhibition and print design. Building improvements Several improvements have been made durSng the year. The Frlend8 of the Mu8eum of Bath at Work contributod to the cost of gravel for the large courtyard area In front of the building, improving the look and welcome. The large maple tree at the front was pollarded to restrict the height and spread and ensure healthy groW(h. Out8ide lightlng and emergency lighting have been replaced with more energy-efficient products which enhance the building whilst not causing light pollution nui88nc8 to neighbouring propertie8. Inside the building a new cctv system has been in8talled with four cameras monitoring key areas and monitors behind the ticket desk. The lighting and cctv, and some other small works, were enabled by a grant from the We8t of England Combined Authority (devolved Government Levelling-up funding). Strategic business planning Throughout 2023, the Museum Director and Trustees spent time on preparation for the Museum Accr8ditation submission to Arts Council England. Museum Accreditation is an important 'quality mark, that confimis good standard of operation in respect of museum curatlon and overall management. The portfolio of evidence was submitted in January 2024 and Accreditation was confimied in May 2024. In Summer 2023 there was Opportunity to apply for a grant from SW Museum Development for strategiG and organisational development. We were successful in being awarded a small grant, and worked with consultant Sam Hunt between August 2023 and January 2024 on 'Managing Future Change,, identifying organisational strengths and weaknesses, opportunttlos and threats, and producing an action plan for addressing these issues. The key action to come out of this process was the decision to apply for substantial funding from the National Lottery Heritage Fund. The application covers three years, wot* autumn 2024-autumn 2027 and was developed February-April 2024 (the outcome will be known in August 2024). Page 3
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Alongside work on the National Lottery Heritage Fund applIcatn, we also re-wrote the Museum's Business Plan 2024-2027, reflecting the agreed actions arising from the 'Managing Future Change, process. In November 2023 we were pleased to be given years of unrestricted grant funding from the Roper Family Charitable Trust, a Bath-based trust - £10,000 in 2023124 and £10,000 in 2024125. We have inrtiated a campaign to encourage legacy giving, targeting Friends of the Museum and regular supporters. During the year we have trfed to recruit additional Trustees, as our previou8 Treasurer Jeremy Hall re8igned In 2023 and another Trustee wlshes to stsnd down in 2024. It has proved challenging to attract candidate8 because a small charity such as ours need$ Trustee8 Wlth the time to contribute a significant amount of work. FINANCIAL PERFORMANCE We 8r8 sincerely grateful to Bath & North Ea8t Somerset Councll's Herltage SeNice8 for their ongoing support 8ubsidi81ng 50% of our rent, and the encouragement, advice and 8UPPOrt of senlor offlcer8. Grants r8c8lved 2023124,. Restrlcted grants (for 8xpendlture on Specific project8) South West Mu88um Dgvelopment Purpo88'. Work wrth consultant on strateglc bu8lne88 plannlng Commenced and completed In 2023124 Bath & North East Somerset Councll Herlt8g8 Servlces Purpose- 'C08ting the Earth, project and exhlbltlon Commenced 2023124, completion in 2024125 Bath & North East Somer8et Council Heritage Sep4lce8 Purp08e. Movlng Storle8' project and exhibition Commenced 2023124, completlon In 2024125 Wessex Water Purpo8e: 'Costing the Earth, project and exhibiticn Commenced 2023124, completion in 2024125 Association of Independent Museum8 (AIM) Purpose. Movlng Storles, project and exhlbStlon Commenced 2023124, completion In 2024125 West of Engl8nd Combined Authorty (WECA) Purpo8e.' Small caplt81 expenditure on display8 (Total grant £5,761" payment 2 £2,761 due in 2024125) Commenced 2023124, completion 2024125 £4,550 £1,000 £1,000 £500 £4,937 £3,000 Unr88tricted grants (tru8t8 and charities) Roper Famlly Trust The Stephen Clark Charltable Settlement 1965 Note: Grant for 2022123 £10,000 was due January 2023, but was not received until April 2023. Grant for 2023124 £10,000 w85 received in January 2024 The Board m8intsins a Risk Register which is reviewed at every Board meeting, and the top-most rlsk to be managed is stability of income. We are detemiined to generate increased income from all sources, including: increased visitor numbers, increased shop sales, and individual giving. £10,000 £20,000 Page 4
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Achievements and porformance Visitor Numbers Visitor numbers.. Adult full-price ticket Concession ticket 2023124 3,015 642 included Family ticket above Residents Discovary Card ticket (£1 offj 279 Event8 attendance, inc. film 8creening8 School children and young people Other activit188 and attandance. Totsl 2022123 2,396 207 included abova 212 440 257 3,375 6,887 2021122 2,342 519 includ•d above 301 688 98 38 3,986 2020121 2,069 158 2019120 4,501 352 253 256 389 439 517 400 443 7,041 446 6,193 10,859 2,736 Since 2022123 we have count8d people attending the various groups who hire the museum for meeting8, because they u88 and benofit from the Mu8eum. Ticket prices for 2023124 were retained at the 8ame level as 2022123. Vlsltor number8 are low durlng the wlnter period. A8 in 2022r23, In order to 88ve on heating c08t8 were cIo8ed in December, January and the fir8t haff of February,, open for February half-term., and open weekends only in March. Thi8 meant a 8mall1088 of admi88ion8 income, but thi8 wa8 off8et by the amount 8aved on heating, We will monitor thi8, and m8y incre888 opening in winter 2024-25. Govemance Th8 Tru8tee8 gratefully thank the Mu88um Direcbr, Stuart Burroughs, for his ongoing passlon and commitrnent to the Museum and its collection. The Frlends of Museum of Bath at Work contlnue to play a cwcial role In fundralslng and volunteering, together wlth the numerous other volunteers who run the front desk, a8818t wlth cleaning and maintenance of machin8ry and other exhibts, and undertake research and cataloguing. Trustees contribute very signlficant tlm• and expertise, especially on financial admin18tr8tlon, bu8in888 planning and projact management. There was one TrusteelDirector r88ign8tion, Jeremy H811, during the perfod cov8r8d by thi8 report. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and con8titutes a Ilmited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DEfAILS Reglstered Company number 02269894 (England and Wales) Roglst•rod Charlty numbor 800297 Reglstered offlce Museum of Bath at Work Julian Road Bath BA12RH Page 5
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Trustses E H Cross Dr S L Frears J L Hall (resigned 3.5.23) Dr T J Turpin G J O Wallis Professor A B Sumner E Lane MS A Cullis Professor J B Hannam Company Sacrotsry M8 A Culli8 Independent Examlner Matt Small Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA12NE Approved by order of the board of tru8tee8 on ..........,..... and slgned on its behalf by: Dr T J Turpln - ru8tee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) Independent examiner's report to the trustees of Bath Industrlal Herltsge Trust Llmited ('the Company,) l port to the charty trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Re8ponslbllltle8 and bas18 of report As the charity's trustees of the Company (and also its directors for the purposes of company18w) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Havlng satisfied myself that the accountg of the Company are not required to be audlted under Part 16 of tha 2006 Act 8nd are eligible for independent examination, I report in respect of my examination of your charity8 accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connectlon with the examination giving me cause to lI8V6. aecountSng racord8 were not kept In re8P8Ct of the Company a8 required by Section 386 of tha 2006 Act; or thè account8 do not accord with those recordB; or the account8 do not comply with the accounting requirement8 of Sectlon 396 of the 2006 Act other than any requirement that the account8 give a true and fair view whlch 18 not a matter considered a8 Part of an ind8p8nd8nt 8xamlnation', or the accounts have not been prepared in accordance wlth the methods and prlnclples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities pr8paring their account8 in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102)). have no concern8 and have come acr088 no other matters in conn8ction with th8 axamlnatlon to whlch attention Should be drawn in thi8 report in order to enab58 a proper understanding of the account8 to b• reached. /t41/ Matt Small Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA12NE D8te: . Page 7
BATH INDUSTRIAL HERITAGE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes INCOMEAND ENDOWMENTS FROM Donations and legacle$ 19,518 19,738 13,919 Charltablo actlvltl•g Charrtable activity 30,189 30,189 22,962 Other trading activities Investment income Other income 3,748 941 26,241 3.748 4,290 202 27,700 20,411 45,662 Totsl 79,637 20,631 100,268 69,073 EXPENDITURE ON Rai8ing fund8 26,817 25,817 25,285 Charltsble actlvltles Charltable actlvlty 46,784 0,966 112,730 40,914 Oth8r 1,901 6,462 7,363 1,589 Total 74,482 11,428 86,910 67,788 NET INCOME 5,156 9,203 14.368 1,285 RECONCILIATION OF FUNDS Total fund8 brought forward 91,089 17,351 108,440 107,166 TOTAL FUND8 CARRIED FORWARD 96,244 26,654 122,798 108,440 The notes form part of these financial statements Page 8
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Total funds Unrestricted Restricted fund funds Notes FIXED AS8ETS Tangible assets 5,167 6,167 6,078 CURRENT ASSETS Stocks Debtors Cash at bank 1,000 13,778 88,082 10 1,576 98,390 1,576 119.777 21,387 100,966 21,387 122,353 102,860 CREDITORS Amounts falling due within one year 11 14,722) (4,722) (498) NET CURRENT ASSETS 96,244 21,387 117,631 102,382 TOTAL ASSET8 LE88 CURRENT LIABILITIES 96,244 26,654 122,798 108,440 NET A88ET8 96,244 26.554 122,798 108,440 FUNDS Unrestricted fund8 Restricted fund8 12 96,244 26,664 91,089 17,351 TOTAL FUNDS 122,798 108,440 The charitable company 18 entitled to exemption from audit under Section 477 of the Companies Act 2008 for the year ended 31 March 2024. The members have not requlred the company to obtsin an audit of its flnanclal statements ft)r the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilitias for (a) en8uring that the charitable company keeps accountlng record8 that comply vllth Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statement8 which glve a true and fair view of the State of affairs of the 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 othetwise comply with the requirements of the Compani88 Act 2006 relating to fin8ncig1 statements, 80 far as applicable to the charitable company. The notes form part of these financial statements Page 9 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED (REGISTERED NUMBER: 02269894) BALANCE SHEET - continued 31 MARCH 2024 These financial statements have been prepared in accordance vrfith the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: T J Turpi - Trustee The notes form part of these financial statements Page 10
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charitable company, which 18 a public benefrt entty under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Ch8ritie8'. Ststement of Recommended Practice applicable to charitie8 preparing their accounts in accordanc8 with th8 Financi21 R8POrting Standard applicable in the UK and Ropublic of Ir8land (FRS 102> (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have b88n prepared under the historical cost convention, Incom• All income is recognised in the Statement of Financial Activitie8 once the charity has entitlement to the fund8, it 18 probable that the income wlll be rocelvad and the amount can be measured rellably. Expondfturo Llabllrtl88 are r8cogni8ed 88 expenditure 88 soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a tr8n8f8r of economic b8n8fit8 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an aGGrualJ ba818 and ha8 been classified under headings that aggregate all c08t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wrth the use of resources, Tanglbla flx8d aBsat• Depr8ciation 18 providèd at tha followlng annual rate8 In order to wrlte off each 888et over Its estimated useful life. Short leasehold Plant and machlnery 10% on c08t 150k on reduclng balance Stocks Stock8 are valued at the lower of c08t and net reall8able value, after m8klng due allowance for obsolete and slow moving items. Taxation The charity 18 exempt from corporatlon tax on its charitable actlvttle8. Fund accountlng unreStrted funds can be used In accordance with the ¢haritabLg objectives at the discretion of the tru8tee8. Rèstricted funds can only be used for particular restrictad purp08e8 Wlthln the objects of the charity. Restriction8 ari88 when specified by the donor or when funds are raised for partlcular restricted purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial statement8. Penslon costs and other post-retlremont beneffts The charitable company operatas a defined contribution pension scheme. Contributions payable to the charbtable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page11 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2023 Shop income 3,748 4,290 INVESTMENT INCOME 2024 2023 Deposit account interest 202 NET INCOMEIIEXPENDITURE) Net Incomel(expenditure)18 8tated after chargingl(crediting): 2024 2023 DeprKiation - owned a88et8 911 1,073 TRUSTEES. REMUNERATION AND BENEFITS Thore were no trustse8' remuner8tlon or other benefft8 for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truste88' expenses There were no trustee8' expense8 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follow8.. 2024 2023 Curator No employee8 received emoluments In excegs of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre8tricted Restricted fund funds Total funds INCOME AND ENDOWMENT8 FROM Donation8 and legacies 13,898 221 13,919 Charltable actlvltlés Charitable activity 22,962 22,962 Other trading activities Investment income Other income 4,290 139 24,700 4,290 202 27.700 63 3,000 Total 65,789 3,284 69,073 Page 12 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds EXPENDITURE ON Raising funds 23,745 1,640 25,285 Charftable actlvltle8 Charitable activty 39,037 1,877 40,914 Other 516 1,073 1,589 Total 83,298 4.490 67,788 NET INCOMEI(EXPENDITURE) 2,491 (1,206) 1,285 RECONCILIATION OF FUNDS Total funds brought forward 88,598 18,557 107,155 TOTAL FUNDS CARRIED FORWARD 91,089 17,351 108,440 TANGIBLE FIXED ASSETS Short leasehold Plant and machinery Total8 COST At 1 April 2023 and 31 March 2024 29,146 26,718 64,861 DEPRECIATION At 1 April 2023 Charge for year 29,140 19.838 911 48,783 At 31 March 2024 29,146 20,549 49,694 NET BOOK VALUE At 31 March 2024 6,167 5,167 At 31 March 2023 6,078 6,078 Page 13 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 STOCKS 2024 2023 Stocks 1,000 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtor8 Other debtors Prepayments 10,095 1,804 1,879 1,576 1,576 13,778 11. CREDITOR8: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Creditor8 4,722 498 12. MOVEMENT IN FUNDS Net movement In fundj At 31.3.24 At 1.4.23 Unrostrlcted fund• General fund 91,089 0,150 RoBtrfctod fund• Restrlcted 17,351 9,203 26,554 TOTAL FUNDS 108,440 14,368 122,798 Net movement In fund8, included In the above are as follows.. Incomlng resource8 Resourc8$ expended Movement in fund8 Unrn8trlGt•d fund8 General fund 79,637 (74.482) 5,166 R88trlct•d fund• Restrlcted 20,631 111.428) 9,203 TOTAL FUNDS 100,268 (86.910) 14.358 Page 14 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - continued Comparatives for movgment In funds Net movement in fund8 At 31.3.23 At 1.4.22 Unrestrlctad funds General fund 88,598 2,491 91,089 Rostrlctod fund8 Restricted 18,557 {1,206) 17,351 TOTAL FUND8 107,155 1,285 108,440 Comparative net movement In fund8, Includad In th• above are a8 follovrn: Incoming resources Resources expended Movement in fund8 Unrnstrlctad fund• General fund 85,789 {83.298) 2.491 Restrlctad funds Restrlcted 3,284 (4,490) (1,206) TOTAL FUNDS 89,073 (67,788) 1,285 A current year 12 months and prlor yoar 12 months combined p081tlon18 a8 follows.. Net movement In fund8 At 31.3.24 At 1.4.22 Unrnstrlct•d funds General fund 88,598 7,848 98,244 Re8trlcted funds Restricted 18,557 7,997 26,554 TOTAL FUNDS 107,155 15,643 122,798 Page 15 continued...
BATH INDUSTRIAL HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined net movement in fund8, included in the above are as follows.. Incoming rosource8 Resources expended Movement in funds Unrestrfcted fund8 General fund 145,426 {137,780) 7,646 Restrlctad fund8 Restricted 23,915 (15,918) 7,997 TOTAL FUNDS 169,341 (153,698) 15,643 13. RELATED PARTY DISCL08URES There were no related party tran8aGtion8 for tho year ended 31 March 2024. Page 16
BATH INDUSTRIAL HERITAGE TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Donations Gift aid 13,689 6,049 13,010 909 19,738 13,919 Other tradlng actlvltle8 Shop income 3.748 4,290 Investment Income Deposit account interest 202 Charltable actlvltl•8 Museum 8dmls81on8 30,189 22,962 other In¢om• Room hire Grant income 5.241 40,411 4,700 23,000 45,652 27,700 Total Incomlng rngource• 100,268 69,073 EXPENDITURE Ral•lng donatlon• and 1g94¢1 Wage8 Pen8ion8 Telephone Postage and 8tationery IT,internet and website Bank charge8 14,620 865 1,953 107 6,695 1,028 14,620 855 1,994 160 5,236 1,140 26,168 24,005 Other tradlng actlvltles Opening stock Purchase8 Closing 8tock 1,204 1,076 (1,000) 659 11,01)0) 659 1,280 Charitable actlvltles Wages Pensions Rate8 and water Insurance Carried forwrard 14,620 855 1,095 3,455 20,025 14,820 855 873 2,740 19,088 This page does not fom part of the statutory financial statements Page 17
BATH INDUSTRIAL HERITAGE TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Charltable actlvities Brought forward Light and heat Postage and stationery Advertising Sundries Travel Rent Repairs and renewals Education collections subs Misc. expenses (volunteers) Exhibltion8 and event8 Face to Face project Costing the Earth project Levelling up Small Mu8eum8 20,025 8,141 107 2.577 1.579 172 4,670 7,849 282 162 1,200 2,117 2,203 1,646 19,088 6,738 160 1,061 1,230 168 4,280 6,259 157 405 1,368 52,730 40,914 Other Indopendent examlnatlon feg Legal and consulting Depreciation of tangible flxed a888ts 678 5,775 912 518 1,073 7,363 1,589 Total re8ourc88 expended 86.910 67.788 N•t Incom• 14,358 1,285 This page does not fomi part of the statutory financial statements Page 18