ids. GARVAGH MUSEUM LIMITED chartered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to tlp accounts and comply with the Companies Act 2006 and the Statement of Recommended Practi￿, "Accounting and Reporting by Charities" issued in March 2005. Objectives and activities The principal activity of Garvagh Museum Ltd is to proTnote the benefit of collecting and preserving artefacts from the local area for the benefit of the local community and tourism. As part of a local community engajement programme the museum organises a wde variety of exhibitions within its own grounds as well as in other community venues. These exhibitions display items of local and regional significance and are designed to engender an informed appreciation and understanding of history of all the local communities. The museum offers opportunities for its members to develop and enhan￿ their skills and abilities in the heritage sector, through running the museum, recording and cataloguing recent acquisitions, providing talks to local group5 on museum activity, the prese￿atIon of artefacts and from being involved in the organisation of exhibitions. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and perfomiance Significant activities and achievements against objectives The museum organises events and exhibitions in association wth other community groups. The museum's collection grows solely from public donations and it currently compromises over 4,000 items. constitLrting one of the largest independent museum collections in Northem Ireland. The museum continues to grow its collection and to utilise this in following its aims and objectives. It remains one of the largest independent museums in Northem Ireland. The museum continues to maintain its museum accreditation V￿th Northem Ireland Museum Council and Arts Council in England. This ensures the collection and organisation are achieving requisite museum stsndards. This is a significant professional achievement for a voluntary organisation with no paid professional staff. Financial review ThroughoLrt the financial year visitor numbers steadily increased as the general public became more relaxed about visiting public pla￿S Museum - 1125 Exhibitions - 2 Groups- 14 Outreach Event- 5 The pool of volunteers prepared to facilitate visitors has remained static. Opening hours remain, every Saturday in June and September and every Thursday to Saturday in July and August. The new group visit category called 'the family group continues to help increase visitor numbers to the museum by pre-booking for a visit at a daytime or evening slot to suit the family. Volunteers continue to input significant additional hours worked to meet guidelines on extra cleaning of toilets, glass displays, ongoing outdoor Maintenan￿ e.g. grass cutting, removal of ivy from the walled garden etc. approximate total of 393 volunteer hours was recorded. In recognition of the voluntary efforts of the museum over the years. the museum entered into a strategic partnership with Causeway Coast and Glens Council. The museum receives financial support in return for providing heritage-based services and facilities for local groups, individuals and tourists. ids. GARVAGH MUSEUM LIMITED chartered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six monlh's expenditure. The Trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Major risks The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The Charity is a company limited by guarantee. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were= T Fleming A Lyttie M Bradley M Garvin R McMurray-Nawn A Cole D Mcmeekin J McFetridge H Moore Mrs MME Hutchinson Mr J l Davidson MrT A Fleming (Resigned 18 October 2024) (Resigned 11 November 2024) (Appointed 11 December 2024) (Appointed 11 December 2024> (Appointed 11 December 2024) Recmitment and appointment of trustees Trustees are appointed from the followng community groups: Gatvagh and District Development Association (has folded but ex member trustees continue to support the museum) Local Council Representatives Opted members from local communty agreed by board GaNagh High School Staff & Board of Govemors (as the school is now closed there is no new representation although the fomier staff and govemors have remained on the board) None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a viinding up. ids. GARVAGH MUSEUM LIMITED chartered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisational structure The organisational structure of Garvagh Museum Limited is as following: Chairperson- Mrs P Hutchinson VI￿ Chair- MrA Fleming Treasurer- Mr l Davidson Secretary- Mrs Jean Moffatt The Trustees, report was approved by the Board of Trustees. Mrs MME Hutchinson Trustee 16 December 2024