Tain & District Museum & Clan Ross Centre Accounts and Independent Examiners Report For the Year-Ended 31" March 2025
Trustees, Annual Re ort and Acco For the year ended 31. March 2025 Reference and administration details Charity Name: Tain & District Museum & Clan Ross Centre Registered Charity No. SC017848 Charity's principal address: Tower Street TAIN Ross-shire IV19 IDW Narnes of the charitv trustees on date of approval of Trustees, Annual Repon. Structure, governance and mana8ement Mission Statement Tain and District Museum exists to preserve, exhibit, interpret, mako accessible and au8ment its collection for the benefit of all sectors of society and in so doin8, promote an interest in the hlstory of Taln and Ihe surrounding area, and provide visitors with a high-quality experience. Alms l. Ensure best ca re of the collection 2. Ensure best care of our personnel,. trustees, volunteers and staff. 3. Develop the Clan Ros5 Centre as a home base for Rosses and septs of the clan: home and abroad 4. Market and promote Tain Through Time and ensure a good experience for our visitors Governance Tain Through Time, induding Tain and District Museum is operated by Taln and Distrlct Museum Trust which usually meets once a month. The Constitution was registered in up-to-date verslon in 2007. The nurnber of Trusiees must not be less than five.
Income Tain & District Museum Trust receive5 annual financial support from Highland Council in retum for which the Trust agrees to meet standards laid out in the Service Delivery Agreement between the Trust and Council. The Grant for 2023/24 was £6,272. The Grant for 2024125 was maintained at £6,272. Peo le in the Oi anisation s the Museum Manager undertakes part-time bookkeeping and accounts 13ve continued to maintain and update the as prcvided assista nce with the digitlsation of the collection. support. collections dr.tHnA%p. Visitor Numbers and En ement During the year, the Museum recorded a combined total of 2,012 visitors to the Museum and the Pilgrimage. In addition, the Museum welcomed over 100 separate groups of Ross vi51tors Since April, estimated to represent approximately IOO/o of total visitors. Guided Clan Ross tours of aInag0wn Castle and the Museum site have proved very successful, Ivith a steady level of bookings throu8hout the season. Total footfall across the wider site is estimated to be approxirnately 6,630 people during the 2024 season. Donations and Ac Ui51tions The Museum received a significant anonymous donation of £10,000 during the year. In addition, several important photographic collectigns Mierp dnnated. The Museum also received the war diary of Nurse Isabella Horn, who nursed adding to the Museum's archival holdings. of Tain during her service in Serbia, Collertions Research and Outreach Worf( Ongoing work contlnued on the Adlil collectiJn5 database, with and undertaking regular sessions and prcvidin3 additional support. Two volunteers from Tain Royal Academy and recent school leaver asslsted the Museum during the year. The Museum supported research by Serbian writer relating to the life and work of Continued support was provided to the St Duthac Book and Arts Festival. Progress on repairs to the ruined chapel was delayed due to archltectural issues, despite ongoing engagement with project partner5. Onsite En ement 17 May- CraiEhill Primary School, St Duthac Pageant143 pupils) 11 June- Groam House Volunteers, guided site tour {81 Offsite Talk5 and Events 8 April-Tain Over 60s Group, talk on the Museum's visit to the RAF Museum, Brno {32) l May-seaboard Over 605, talk on the history of Cadboll Castle143)
13 May-woodland Walks toddlers, group, Fairy Stories talk122) 3 June- St Duthac Book Festival, Balna8own tour125) 5-6 June- Knockbreck Primary School, school history display lapprox. 200 pupils) 6 June- Inver Community, D-Day talk at Inver Hall {120} 13 5eptember- Spooky Tours of Tain, St Duthac Book and Arts Festival1701 19 September-Talk on 311 Squadron at Clyne Heritage Centre1281 15 November- CarneEie Trust talk at Tain Town Hall {45) 6 February 2025-Talk on Dr Elizabeth Ross, Tain Over 60s1321 10 February 2025-Talk on Dr Elizabeth Ro55, Milton History Group1271 21 February 2025 - Attendance at the Serbian Embassy, London, for a Service honouring British women's contribution to Serbia durin8 the First World War Tru5tee5 remuneration and expenses No payments made to trustees Signed on behalf of the Charity's trustees Position,, Date: Iq "/èEL 964
Inde endent Examiners Re ort Dn the Accounts Reporl to the members of Tain & District Museum & Clan Ross Centre, registered charity number SC017848, on the accounts for the year-ended 31" March 2025. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Cha rities and Trustee Investment15cotla ndl 2005 Act and the Charities Accounts Iscotlandl Regulations 2005. The charity trustee5 conslder that the audit requirement of Regulation 10111 {d} of the Accounts Regulations does not apply. It is my responsibility to exa mine the accounts as required under section 4411 Ic) of the Act and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charitles Accounts Iscotlandl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures In the accounts and Seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit and. consequentlv. I do not express an audit opinion on the accounts. Independent examiner's statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any materlal respect the requirements.. to keep accounting records in accordance with section 44111 {al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date.. Relevant Professional QualificatiDn5'. BA CA Address:
Tain & District Museum & Clan Ross Centre Statement of Financial Activities For The Year Ended 31st March 2025 2025 2024 Restricted fund wwi Memorial Fund Un- restricted Restricted fund Total restricted Incoming Resources Admission Charges Shop Sales Online Sales Ticket Sales Donations Grants- COVID Highland Council Revenue Grant Interest Received Grants- Museums Gallery Scotland Commissions Received Accreditation Heritage Lottery Fund Friends of T&DM Subscriptions 1,032 4,810 1,032 4,810 5,437 3,042 18,624 18,624 14,999 6,272 6,272 6,272 3,183 Total incoming resources 30,747 30,747 32,937 Resources expended Salaries Stock Purchases Event costs Advertising, marketing etc Telephone, fax and photocopies Postage and stationery Office administrative expenses Building maintenance Equipment maintenance Displays and other museum expenses Rates and insurance Heat and light Cleaning Bank charges and interest Subscriptions Donations Audit / independent examination Consultancy Fees 21,484 1,263 21,484 1,263 17,505 2,506 250 250 2,435 623 377 145 2,435 623 377 1,963 689 9,303 481 481 1,709 4,632 392 3,945 39 3,945 39 840 70 840 781 37 265 70 750 764 750 764 926
Other professional 80 80 1,655 Total resources expended 33,402 33,402 42,507 Net {outgoing)/incoming resources for the year -2,655 -2,655 -9,570 Totalfunds broughtforward 288,758 0 288,758 298,328 Transfer between funds Totalfunds carriedforward 286,103 0 286,103 288,758
Tain & District Museum & Clan.Ross Centre Balance Sheet For The Year Ended 31st March 2025 2025 2024 Fixed Assets Tangible Fixed A55ets (Note 41 274,184 274,948 Current Assets Cash at bank Cash on hand Cash floats Stock Sundry Debtors Prepayment5 Accounts Receivable 4,650 12 io,ioo -45 5,920 1,215 1,764 420 13,980 4,916 481 1,764 669 17,885 Creditors amounts falling due within one year (Note 51 2,060 4,076 Net current assets/(liabilities) 11,920 13,809 Total Assets less current liabilities 286,103 288,758 Funds of the charity Unrestricted funds Designated funds Total unrestricted funds 11,920 274,184 286,103 13,809 274,948 288,758 (Note 61 Restricted income funds (Note 6 286,103 288,758
TAIN & DISTRICT MUSEUM TRUST TOWER STREET TAIN Charit Number SC017848 Notes to the Accounts ear ended 31st March 2025 For the Basis of Preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic c05t (except that investments are shows at market value) in accordance with.. Accounting and Reporting by Charities - Statement of Recommended Practice ISORP 20051,- And with Financial Reporting Standards for Smaller Enterprises IFRSSEI And with the Charities Act 1993. 1.2 Change in basis of accounting There has been no change to the accounting policies Ivaluations rules and methods of accountingl since last year. 1.3 Changes to previous accounts No changes have been made to accounts for previous year5. Accounting Policies INCOMING RESOURCES Recognition of incoming These are included in the Statement of Financial Activities15oFAI when-. resources the charity becomes entitled to the resources,. the trustees are virtually certain they will receive the resources,. and the monetary value can be measured with sufficient reliabilitv. Incoming resources with related expenditure Where incoming resources have related expenditure las with fundraising or contract income) the incoming resources and related expenditure are reported grass in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value'to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Notes to'the accounts cont'd For the ear ended 31st March 2025 Donated services and facilities These are only included in incoming resources Iwith an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Investment income Thi5 is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised a5 soon as there is a legal or constructive obligation committing the charity to pay out resources. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions These are only recognised in the account5 when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. Stocks and work in progress These are valued at the lower of cost or market value. Details of certain items of expenditure 3. 1 Trustee expenses No expenses were paid to trustees 3.2 Fees for examination of the accounts Independent examiners fees were £630 + VAT for 2025 and £600 + VAT for 2024. Notes to the accounts cont'd
For the ear ended 31st March 2025 Fixed Assets The fixed assets comprise the Tain Silver Collection at its brought forward value of £263, 113 as at 31 March 2025. The computer equipment ha5 been depreciated at 20Yo Straight line and the Stairlift has been depreciated at IOYO Straight line. 2025 2024 Cost B/F 288,977 288,977 Depreciation 8/F 7,821 6,895 Grants B/F 6,208 2,069 NBVB 274 948 280 013 Additions Grants 4,139 De reciation Char 764 926 NBV 274 184 274 948 Creditors 2025 2024 Accounts payable 1,436 3,452 Other creditors 624 624 Deferred Income Restrirted income funds
- 1 Analysis of net 355ets between funds Note 6 U nrestricted Restricted Total funds funds Fixed assets 274,184 274,184 Investments Net current assets 11,920 11,920 Total net assets 286,103 286,103