Fife Folk Museum Trust
Scottish Charity No: SC020920
Annual Report & Financial Statements
For the Year Ended
31 March 2025

Fife Folk Museum Trust
Scottish Charity Number: SC020920
Annual Report & Statement of Account
For the y8ar ended 31 March 2025
Contents
Page
Trustees, Annual Report
Independent Examiner's Report
Statement of Receipts and Payments
Statement of Balances
10
Notes to the Accounts

Flfe Folk Museum Trust
Scottish Charity Number: SC020920
Trustees, Annual Report
For the year anded 31 March 2025
The charity trustees present their report together with the financial statements and the Independent
Examiner's report for the year ended 31 March 2025.
Referenc8 & Administrative Infomiation
Charity Name:
Fife Folk Museum Trust
Charity Number:
SC020920
Registered Office &
Principal Address:
High Street, Ceres, Fife KY15 5NF
Trustees:
Structure Governance & Mana
ement
Fife Folk Museum Trust was established in May 1992 and is governed by its Deed of Trust and
constitution last amended in 2017. The members who have the right to attend the annual general
meeting (AGM) elect who can serve on the Board of Trustees and take decisions in relation to the
constitution. The Board of Trustees are responsible for the activities and the general management
and administration of the charity, in particular they are responsible for monitoring'the financial position
of the Trust.
The members of the charity are eligible to be elected at the AGM and serve until the next AGM. The
Board of trustees retire at each AGM and can stand for re*lection. The maximum number of the
Board membersltrustees is 12.

Flfe Folk Museum Trust
Scottish Charity Number: SC020920
Trustees, Annual Report
For the year ended 31 March 2025
Ob
ectlves & Activities
The Objectives of the Fife Folk Museum Trust are:
(a) To preserrfe and display objects from the past social, economic and cultural life of the County
of Fife
(b) To acquire, document, conserve, exhibit and interpret these objects for the benefit of present
and future generations
(c) To maintain a balance between these functions in the Museum's future development
(d) To promote the Museum as a visitor venue to as wide range of people as possible with
particular emphasis on local and special interest groups and educational establishments.
To achieve the above objectives the Trust operates the Fife Folk Museum in Ceres and holds a
number of children's events, workshops and a Summer Fayre during the year.
Achievements & Performance
VISITOR NUMBERS
Visitor numbers are slightly down on last year at 3229 compared to 3378. It is clear that our
exhibitions prove to be popular with the g8neral public and hope that next year's figure improve on
this year.
There ￿,￿re. 222 Outreach visits this year and thanks go t(}
or outreach School visits
and
for talks to other organisations. Also thanks tu ￿ ii)I piudubing the visitor statistics
again Ll bib year.
The Coffee Shop numbers were down on the previous year from 7080 to 6462. The cumulative
numbers covering all categories was a total of 9,913 down some 800 visitors in 2023.
VOLUNTEERS.
As usual we have need more volunteers and have managed to recruit a few new very
enthusiastic ones this season. But we are still need more as we have had unfortunately to close
the Museum on a few occasions during this season, as we couldn't cover the reception duty.
Volunleer Meetings have been held monthly which have been very positive allowing us to plan
activities during the season, including children's activilies and attending local events such as craft
fairs.

Flfe Folk Museum Trust
Scottish Charity Number.. SC020920
Trustees, Annual Report
For the year ended 31 March 2025
We wish to thank all our volunteers for all their hard work and hope they will continue to support the
museum with our future activities.
TREASURER'S REPORT
Although we had a deficit this year, there were payments which will not recur. The accounts for 2023-
24 have been signed off by the Trustees and the accountant, and sent to Fife Council, with an annual
report, and will also e sent to OSCR.
ELECTION OF OFFICE-BEARERS.
was Ila ppy to remain as Chairperson,
as Treasurer,
rls
SeLieLdfy diid I￿aS Minutes Secrptari and Ilie oilier I rustees are haprjy Ili (.C)liiinua.
Their re-elerti(,'Ii L'i i Lllui Wdb proposed by ￿ and seconderl by
ha8 agreed to become a I rusLee, proposed by
iiiid sgLuiided by
EXHIBITIONS
We have also been able to plan all of next year's exhibitions, which should give us a flying start for
getting them set up. Our main Exhibition in the PETERKIN ROOM for 2025-26 is "unplugged" life with
no Electricity and it has been agreed that this will remain in place for 2026-27 Season.
In the SEYMOUR ROOM To complement the Ljnpliigrygd Fxhibition it was agreed that we would
have an art installation titled "Half Light" by￿an artist from St Monans who is
well known to the Museum and this exhibition will ruli until tliLJ eiid of October 2025. In 2026 this will
be replaced by an exhibition of children's toys.
THE COTTAGE ROOM As always this room is popular wilh adults and children alike and is used on
many OGcasions as a baGkdrop for storytelling ky
THE HERITAGE ARTS HUB as always this area proves to be popular with its display of agricultural
equipment and blacksmiths tools. We also have a dressing up area inspired by The Pilgrims Way
(Ceres is the last stop on the way to St Andrews).
THE WEIGH HOUSE AND DUNGEON remains the same and displays a comprehensive collection of
weighing machines, v4eights and measures (include g wooden dry measures for grain, copper and
brass measures for liquid and a surveyors chain.

Fife Folk Museum Trust
Scottish Charity N umber: SC020920
Trustees, Annual Report
For the year ended 31 March 2025
MUSEUM SHOP.
The shop has continued to be popular with all our visitors and is continuing to raise funds for the
museum. We are still showcasing local artists work and thank them for continuing to allow us to
We also need to thank all the volunteers who continue to make items for us to sell, we have
become known for having different stock from other shops in the area.
MONTHLY TALKS.
Our monthly talks hav8 b88n very popular this season and have often been over subscribed but
all who have come on the night have been fitted in, extra chairs have been found!
We wish to thank Margaret Cruickshank for organising them again this y8ar. Margaret has been
arranging the talks for several years and has asked us to find a new volunteer to take over from her
for nexl season.
MAINTENANCE
As all telephony is moving to the cloud we were required to change our existing analogue system to
digital this gave us a problem in that our Intruder and Fire Alarm systems were not compatible with
digital. With the help of a massive funding from Cupar Rotary and new Intruder Alarm system was
installed at the cost of £4,052.
COFFEE SHOP.
We were very sorry to lose ￿and his staff and we reluctantly accepted the termination
of his contract but wish him well In his future endeavours.
l am sure everyone will join me in saying that it has been a pleasure working with them and they will
be sorely missed. We advertised for new licensee and were lucky to find Calum and Caro (trading
as Pineda Murray) who took over The Coffee Shop in December 2024 they have settled in well and
are proving very popular with customers and volunteers.
SPOONCARVING WORKSHOPS.
These monthly sessions continue to be extremely popular and are mostly full booked If not
oversubscribed. We also increased the cost to £20 per person. We are very grateful to Colin for his
continued support.

Fife Folk Museum Trust
Scottish Charity Number: SC020920
Trustees, Annual Report
For the year ended 31 March 2025
OUTREACH ACTIVITIES.
We have continued to attend local activities, such as Coffee Mornings, Craft Fairs and Chidren's
Activities in the local area. We have enjoyed being out and about meeting people and infonning them
about the museum and the activities in Ceres. Raising the profile of the Museum and raising funds by
taking items from the shop with us, we have raised over £250.00.
We have undertaken a number of school visits (Thanks to
and had some schools visit us at the Museum.
for their work in this area)
Over the winter months we held warm hublmemory sessions for 4 groups from care homes and Age
Concern. This was funded by a grant from Cupar Arts Society. This helped to cover the cost of
heating and lighting and also the cost of supplying souplsandwich coffeeltea and cake. It is planned
to hold these sessions again at the end of the 2025 Season
Flnanclal Revlew
With income of £28,481 and expenditure of £36.592 the Trust recorded a deficit of £8,111 for the
year. The deficit was funded from reserves brought forward from the previous year so that at the 31
March 2025 the Trust held total funds of £8,525.
It is the policy of the trustees to hold 12 months running costs, or £35,000, in reserve to ensure
liabilities can be settled as they fall due and to provide for unforeseen expendilure. With reserves of
£8,314 this target had not been met and the trustees will consider ways to build up the reserves in the
future.
This report was approved by the charity truslees on .
by:
and signed on their behalf

Fife Folk Museum Trust
Scottish Charity Number., SC020920
Independent Examiner's Report
For the year ended 31 March 2025
I report on the financial statements of the Fife Folk Museum for the year ended 31 March 2025 which
are set out on pages 910 12.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the
requirements of the Charities and Truslee Investment (Scotland) Act 2005 ("the 2005 Act") and the
Charities Accounts (Scotland) Regulations 2006 ("the 2006 Regulations").
I have satisfied myself that the charity is not subject to audit under Regulation (10){1)(d) of the 2006
Regulations and is eligible for independent examination. I have therefore examined the charity s
accounts as required under section (44)(1)(c} of the 2005 Act and Regulation 11 of the 2006
Regulations. In carrying out my examination I have followed the guidance issued to independent
8xaminers by the Office of the Scottish Charity Regulator (OSCR).
My role is to state whether any material matters have come to my attention giving me cause to
believe:
that accounting records were not kept as required by section 44{1)(a) of the 2005 Act and
Regulation 4 of the 2006 Regulations; or
that the accounts do not accord with thos8 records: or
that the accounts do not comply with the accounling requirements of Regulation 9 of the 2006
Regulations; or
that there is further information needed for a proper understsnding of the accounts.
Independent examlner's statement
I have completed my examination and, apart from the matter mentioned below, I have no concerns in
respect of any of the areas listed above and I have found no other matters that require drawing to
your altention.
I draw your attention to the fact that a cash book and all the bank statements for the 100 Club
account were not made available to me so I was unable to verify the income and expenditure
associated with the 100 Club. The result is that the 100 Club income is reported net of expenses with
no associated expenditure, Gontrary to the requirements of The Charities Accounts (Scotland)
Regulations 2006.
Date:

Fife Folk Museum Trust
Scottish Charity Number: SC020920
Statement of Receipts and Payments
For the year ended 31 March 2025
Unrestricted
Funds
Restricted
Funds
2025
Totsl
2024
Total
Note
Recelpts from:
Donations
Grants
Charitable activities
Tea room rent
418
4,752
5.170
4,548
11,579
6.050
1.034
30
5,673
5.156
14,394
3,500
1,782
47
4,548
11,579
6,050
1,034
30
70
Fundraising
Bank interest
Other income
Total recelpts
70
174
23,729
4,752
28,481
30,726
Payments on:
Charitable activities
Fundraising
Indp8nd8nt éxamination
Purchase of laptop computer
Total payments
30,458
4,902
35,360
36.888
533
433
799
433
420
799
31,690
4,902
36,592
37,841
Surplusl(deficit)
(7,961)
(150)
(8,111)
(7,115)

Flfe Folk Museurn Trust
Scottish Charity Number. SC020920
Statement of Balances
At 31 March 2025
Unrostrlcted
Funds
Restrlctsd
Funds
2025
Total
2024
Total
Opening bank & cash balances
Surplusl(deficit)
Closing bank and cash balances
16,275
(7,9611
8,314
361
{150)
211
16,636
(8.1111
8.525
23,751
(7.115)
16.638
2025
Total
2024
Total
Assets
Museum building
Museum contents including
Artilacts (insured value)
Stock
Unreslricted fund
160,000
160,000
140,000
140,000
2,500
2,551
2,500
1,752
Equipment
Liabilitia8
Th8r8 w8re no liabilities at 31 March 2025
ADDroved bv the charitv trustees on
and signed on their behalf by:
10

Fife Folk Museum Trust
Scottish Charity Number: SC020920
Notes to the Financial Statements
For the year ended 31 March 2025
1. Accounting Policies
These accounts have been prepared on the Receipts & Payments basis in accordance with:
{a) The Charities & Trustee Investment Act (Scotland) Act 2005, and
(b) The Charities Accounts (Scotland> Regulations 2006 (as amended).
Income and expenditure are recognised when received or paid out.
The Charity maintains:.
(a) A general unrestricted fund for the day-to4ay running of the charity which is expendable at the
discretion of the management committee in furtherance of the charity's objects, and
(b) A number of restricted funds that consist of monies received from sponsors which relate to a
specific project and are donated to fund a particular purpose (see note 3).
2. Trustee Remuneratlon & Expenses
None of the trustees or connected persons received remuneration from the charity.
No out-of-pocket expenses were paid to trustees.
3. Movement In Restrlcted Funds
During the year the charity mainlained the following 3 restricted income funds:
1. Children's events funded by the Tesco Community Fund
2. Sessions for adults in Care homes funded by The Arts Society
3. The purchase of a new alarm system funded by the Rotsry Club of Cupar
3.1 Movement in Restricted Funds
Opening
balance
Closing
balance
Fund
Income
Expendlture
Transfers
Children's events
361.00
150
700
4.052
4,902
211
Care Home sessions
700
4,052
4,752
Alarm System
Total
361.00
211

Fife Folk Museum Trust
Scottish Charity Number: SC020920
Notes to the Financial Statements
For the year ended 31 March 2025
Unrestricted
Funds
Restricted
Funds
2025
Total
2024
Total
4. Donations
General donations
Membership fees
The Rotary Club of Cupar
The Arts Society
Total
4,999
512
162
418
418
4,052
700
5,170
4.052
700
418
4.752
5,673
Unrestrlcted
Funds
Rastrlcted
Funds
2025
Total
2024
Total
5. Grants
Fife Council
Tesco Community Fund
Total
4,548
4,548
4,416
740
4.548
4.548
5.156
Unrestrlcted
Funds
Restrlcted
Funds
2025
Total
2024
Total
6. Charitable Activities
Maint8nance
Tea room
General expenses
Utilities
Teassess Slorage
Retail
Bank charges
Children's events
2.612
5,211
5,400
11,637
2.640
2.841
117
4,052
6,664
5,211
5,678
12,059
2.640
2,841
117
150
6,055
5,991
7,917
10,337
2,860
3.349
278
422
150
379
Total
30,458
4,902
35,360
36,888
12