Arctic Convoy Museum (SCIO) Charity No. SC047909
Trustees Reports and Unaudited Accounts 31° March 2025
## Arctic Convoy Museum (SCIO)
## Contents
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|Trustees|Annual|REport........c.cccccccccccccceccceceesesesseseceaecececeeeeseasececeeseseeseeeeeeeeeencsttttsaeeeeeessntiaeeeeD|
|lnidépendent|Examiners|REPOM|sisscns:..|cc,cocaineO|
|Balance|SH@Ctiscsscsscesccsesssssucessessrsencenensssanaeeneneweeee sie|ANT RNRUC|RSCUUTSVSN SOREN TSTS|SETTER TTS|
|Notes|to|the|ACCOUMS.........c..cccccccsessscececcsseeessecsceuseususeseseesssvseseeesseesseneeceesusseseseeesereessereeeeeeD|
|Detailed|Statement|of|Financial|ACtiVities|2.2.0.0... cccccccccccseseeeesseeeeeeseceeeeeseeseeeesseeerssesesssesersseesLO|
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## Arctic Convoy Museum (SCIO)
## Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31*' March 2025.
## REFERENCE AND ADMINISTRATIVE DETAILS
## Charity No. SC047909
Registered Office
Birchburn Aultbea Achnasheen Ross-Shire 1V22 2HZ
## Trustees
The following Trustees served during the year:
Capt. C Connolly OBE RN Rtd
A Davies
E. Duncan Capt. D. Freeman LVO RN Rtd Appointed 25/09/2024 D. Gibson Resigned 08/07/2024 P. Harrison E. Miles A Reid Resigned 20/04/2024 F. Russell B Sturman-Mole Resigned 17/04/2024 J. Wiseman Appointed 29/10/2024
## Independent Examiner
MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness I1V2 4AA
_ OE BO Page3 of 17 |
## Arctic Convoy Museum (SCIO)
## OBJECTIVES AND ACTIVITIES
The charitable purposes of the Arctic Convoy Museum (SCIO) are defined in its constitution. The purposes are:
- e The advancement ofthe arts, heritage and culture
- e The advancement of[citizenship][and][rural][community][development][and][regeneration]
- e The provision of recreational facilities, and the organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities and activities are primarily intended.
- e The advancement of education.
## ACHIEVEMENTS AND PERFORMANCE
The year to March 2025 was another successful one for the museum. Although visitor numbers were down 1.8% to 7,383, total income rose by 30.8% to £ 92,761 owing to a combination of the increase in the admission price and two donations of £5,000. Retail sales were flat. Admission income was up 18.8% to £ 50,574.
The museum received a repeat award from Trip Advisor for the favourable comments it received from the public. According to the visitor book there were visitors from 26 countries from all part of the world.
We continue to conduct health and safety reviews along with other operational reviews to ensure that the museum remains compliant in all aspects.
## FINANCIAL REVIEW
As of 31 March 2025 the museum had unrestricted reserves of£ 53,127 and restricted reserves of£ 249,283. The museum’s Operations Manager resigned in March and has been replaced by a manager with a seasonal contract only, which will lead to a significant reduction in staff costs going forward. We are confident that the current year will produce an operating surplus.
## PLANS FOR FUTURE PERIODS
With the agreement of OSCR and Museums and Galleries of Scotland, the charity’s name has been changed to Arctic Convoy Museum (ACM), in line with our trading name. The constitution was amended accordingly.
The curator continues to work on the museum’s accreditation as well as the digitisation of the collection. We have submitted a planning application for a storage unit next to the museum to house the growing collection and this should be in place prior to the beginning of[the][next][season.]
The plans for increased car parking and a memorial garden are currently on hold until such time as funding opportunities improve, and we have sufficient staff and volunteers.
## Arctic Convoy Museum (SCIO)
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The Arctic Convoy Museum (SCIO) is a Scottish Charity registered with the Scottish Charity Regulator with effect from 10" November 2017, with registration number SC047909.
The charity is governed and administered in accordance with its constitution, which was adopted on 21" May 2017.
The committee, which meets on a regular basis, and at least six times a year, are the Charity’s trustees elected at the Annual General Meeting, which is held in accordance with the museum’s constitution. Under the constitution there must be a minimum of four and not more than twelve elected trustees, who are responsible for the strategic direction of the museum.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities and Trustees Investment (Scotland) Act 2005,and 2006 (as amended) and the 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 ofIreland (FRS 102).
The trustees are responsible for the safeguarding of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the board.
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F.M.D. Russell
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Trustee
Date: & Februory 2026
## Arctic Convoy Museum (SCIO)
## Independent Examiners Report
I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 7 to 17.
## Respective responsibilities of trustees and examiner
The charity trustees (who are also the directors of Arctic[Convoy][Museum][(SCIO)][for][the][purposes][of] company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
## Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review ofthe[accounting][records][kept][by][the][charity][and][a] comparison ofthe financial statements presented with those records. It also includes consideration ofany unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.
## Independent examiner's statement
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements: ‘to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and - to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## Mark Sanderson Bse(Hons), CA
MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness TV2Date:4AA A February a20¢6
## Arctic Convoy Museum (SCIO)
## Statement of Financial Activities (incorporating Income and Expenditure Account) for the year ended 31 March 2025
||Notes|Unrestricted||Restricted|Total funds|||Total funds|
|---|---|---|---|---|---|---|---|---|
|||funds||funds|2025|||2024|
|||2025||2025|£|||£|
|||£||£|||||
|Income and endowments from:|||||||||
|Donations and legacies|5|17,884||2,891|20,775|||7,420|
|Charitable activities|6|50,574||-|50,574|||42,543|
|Other trading activities|7|20,821||.|20,821|||20,221|
|Investments|8|591||-|591|||627|
|||89,870||2,891|92,761|||70,811|
|Expenditure on:|||||||||
|Raising funds|9|23,502||-|23,502|||15,712|
|Charitable activities|10|62,879||-|62,879|||52,895|
|Other trading activities|1|15,000||9,729|24,729||||19,249|
|||101,381||9,729|111,110|||87,856|
|Net gains on investments||-||-||||-|
|Net income/(expenditure)|12|(11,511)||(6,838)|(18,349)|||(17,045)|
|Transfer between funds||-||-||||-|
|Net income/ (expenditure) before||(11,511)||(6,838)|(18,349)|||(17,045)|
|other gain/(losses)|||||||||
|Other gain and losses|ee||oe|-|-||;|a|
|Net movement in funds||(11,511)||(6,838)|(18,349)|||(17,045)|
|Reconciliation of funds:|||||||||
|Total funds brought forward||71,476||249,283|320,759|||337,804|
|Totalfundscarriedforward||59,965||242,445|302,410|||320,759|
## Arctic Convoy Museum (SCIO)
## Balance Sheet
## for the year ended 31 March 2025
|
|for the year ended 31 March 2025||||
|---|---|---|---|
|||2025|2024|
||Notes|£|£|
|Fixed Assets||||
|Tangible assets|14|258,548|265,492|
|||258,548|265,492|
|Current Assets||||
|Stocks|15|574|8,092|
|Debtors|16|2,864|2,866|
|Cash at bank and in hand||44.427|47,658|
|||47,865|58,616|
|Creditors: Amount falling due within one year|17|(4,003)|(3,349)|
|Net current assets||43,862|55,267|
|Total net assets||302,410|320,759|
|The funds ofthe charity:||||
|Restricted funds|18|||
|Restricted income funds||242,445|249,283|
|||242,445|249,283|
|Unrestricted funds|18|||
|General funds||59,965|71,476|
|||59,965|71,476|
|Reserves||||
|Totalfunds||302,410|320,759|
Total net assets
## The funds of[the][charity:]
The trustees have prepared the accounts in accordance with section 44 of the Charities and Trustee Investment (Scotland) Act 20025.
|
Approved by the board on 01 December 2025, ‘And sfgned pints behalf by: F. Russell
Trustee
Date: 04/02/2026
Page 8 of 17
## |Arctic Convoy Museum (SCIO) | Notes to the Accounts | for the year ended 31 March 2025 | 1 Charity information policy
- 1 Charity information policy Arctic Convoy Museum is a Scottish Charitable Incorporated Organisation (SCIO). The registered office is Birchburn, Aultbea, Achnasheen, Ross-shire, 1V22 2HZ.
2 Accounting policies | Basis of preparation The financial statements have been prepared in accordance with the charity’s constitution, the | 2006Charities(as andamended) TrusteeandInvestment“Accounting (Scotland)and Reporting Act 20025,by Charities:the CharitiesStatement Accountsof Recommended (Scotland) RegulationsPractice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard | applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102. | The charity has taken advantage ofthe provisions in the SORP for charities applying FRS 102 Update Bulletin | not to prepare a Statement of Cash Flows.
|
The financial statements are prepared in sterling, which is the functional currency ofthe charity. Monetary amounts in these statements are rounded to the nearest £. Theaccounting financialpoliciesstatementsadoptedhave beenare set preparedout below.under the historical cost convention. The principal
Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance ofthe general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement ofinvestment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income Recognition of income. Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Expenditure Where income has related expenditure the income and related expenditure is reported gross in the SoFA. Donations and legacies Voluntary income received by wayof grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on donations and gifts Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. Donated services and Facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value ofany volunteer help received is not included in the accounts.
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## OB OO age9 of 17
## Arctic Convoy Museum (SCIO)
Investment income This is included in the accounts when receivable. Gains/(losses) on revaluation of fixed assets This includes any gain or loss resulting from revaluing investments to market value at the end ofthe year. Gains/(losses) on investment assets This includes any gain or loss on the sale of investments. Expenditure Recognition of Expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds
These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on charitable Activities These comprise the costs incurred by the Charity in the delivery of[its] activities and services in th furtherance of its object, including the making of grants and governance costs. Grants Payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustee at th end of[the] year but not yet paid. Governance Costs These include those costs associated with meeting the constitutional and statutory requirements of[the][Charity,][including][any][audit,][independent] examination fees, costs linked to the strategic management ofthe Charity, together with a share of other administration costs. Other Expenditure These are support costs not related to any particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Freehold Property 2% straight line Plant and Machinery 10% straight line Heritage Assets 0% Office Equipment 25% Reducing balance
Museum artefacts are classified as Heritage Assets and are not depreciated. These assets, which have been purchased, donated or loaned to the Arctic Convoy Museum in order to meet its charitable activities. The value in the balance sheet relates only to assets purchased since 2015. A reasonable valuation of the heritage assets purchased in earlier years and the donated assets is not currently available at a cost commensurate with the benefit to users of these accounts, and so has not been included in the financial statements. Loaned assets remain the property of then lenders and do form part of these financial statements. An estimated valuation of all heritage assets held in the Arctic Convoy Museum is £35,000.
## BO re
Page 10 of 17
## Arctic Convoy Museum (SCIO)
## Stocks
Stock is included at the lower ofcost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid of any trade discount.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term, liquid investments, with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown with borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the charity’s cash management.
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for trade discounts due.
## Pension Costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions to a separate entity. Once the contributions have been paid to the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets ofthe[plan][are][held][separately][from][the][charity][in][independently][administered][funds.]
## 3 _—-Related Party Transactions
Transactions in the year with parties connected to the trustees were:
N. Ellakirk — Social media, campaigns and public enquiries
G. Russell — Part time employee at exhibition centre
F. Russell — ad-hoc staffing at exhibition centre (self-employed)
F. Russell — Mileage reclaimed for charity journeys
£4,340 (2024: £ 7,200)
£ 4,034 (2024: £ 1,215)
£ 524 (2024: £1,692)
£ 152 (2024: £ 35)
## OO
## Page1 of 17
## Arctic Convoy Museum (SCIO)
|4|Statement ofFinancial Activities - prior year|Unrestricted
funds|Restricted
funds|Total
funds||
|---|---|---|---|---|---|
|||2024|2024|2024||
|||£|£|£||
||Income and endowments from:|||||
||Donations and legacies|7,420|-|7,420||
||Charitable activities|42,543|-|42,543||
||Other trading activities|20,221|-|20,221||
||Investments|627|-|627||
||Total|70,811|.|70,811||
||Expenditure on:|||||
||Raising funds|15,712|-|15,712||
||Charitable activities|§2,591|304|52,895||
||Other|10,581|8,668|19,249||
||Total|78,884|8,972|87,856||
||Net gains on investments|-|-|-||
||Net income|(8,073)|(8,972)|(17,045)||
||Transfer between funds|-|-|-||
||Net income before other gain/(losses)|(8,073)|(8,972)|(17,045)||
||Other gains and losses|So|.|=||
||Net movement in funds|(8,073)|(8,972)|(17,045)||
||Reconciliation of funds:|||||
||Total funds brought forward|79,549|_ 258,255|337,804||
||Total funds carried forward|71,476|249,283|320,759||
|5|Income from donations and legacies|Unrestricted|Restricted|Total|Total|
|||2025|2025|2025|2024|
|||£|£|£|£|
||Donations|16,418|1,000|17,418|6,456|
||Grants|-|1,491|1,49]|-|
||Membership subscriptions|453|-|453|375|
||Sundry|1,013|400|1,413|589|
|||17,884|2,891|20,775|7,420|
|6|Income from charitable activities|Unrestricted|Restricted|Total|Total|
|||2025|2025|2025|2024|
|||£|£|£|£|
||Exhibition Centre admissions|50,574|-|50,574|42,543|
|||50,574|-|50,574|42,543|
|7|Income from other trading activities|Unrestricted
2025|Restricted
2025|Total
2025|Total
2024|
|||£|£|£|£|
||Retail sales|20,821|-|20,821|20,221|
|||20,821|-|20,821|_20,221|
## Oo Oe
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## Arctic Convoy Museum (SCIO)
|8|Income from Investments|Unrestricted||Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||2025||2025|2025|2024|
|||£||£|£|£|
||Bank interest received|591||-|591|627|
|||591||-|591|627|
|9|Expenditure on raising funds|Unrestricted||Restricted|Total|Total|
|||2025||2025|2025|2024|
|||£||£|£|£|
||Cost ofgenerating voluntary income:||||||
||Donations and legacies|21||-|21|180|
||Fundraising trading costs:||||||
||Retail sales|23,481
23,502|||-
-|23,481
23,502|15,532
15,712|
|10|Expenditure on charitable activities|Unrestricted||Restricted|Total|Total|
|||2025||2025|2025|2024|
|||£||£|£|£|
||Expenditure on charitable activities:||||||
||Exhibition Centre staff costs|57,213||-|57,213|41,963|
||Advertising and PR|16||-|16|746|
||Social media development|1,820||=|1,820|3,000|
||Public enquiries|1,820||-|1,820|3,000|
||Campaigns|700||-|700|1,200|
||Website development|810||-|810|475|
||Project development|-||-|-|2,335|
||Governance costs:||||||
||Independent examination fees|500||-|500|176|
|||62,879||-|62,879|52,895|
|11|Other Expenditure|Unrestricted||Restricted|Total|Total|
|||2025||2025|2025|2024|
|||£||£|£|£|
||Motor and travel costs|222||-|222|2,396|
||Premises costs|5,015||1,656|6,671|4,199|
||Repairs and renewals|1,301||a|1,301|354|
||Depreciation, impairment, loss on disposal or fixed asset:|1,250||6,473|7,723|7,365|
||General administrative costs|M212||1,600|8,812|3,886|
||Legal and professional|.||-|-|1,049|
|||15,000||9,729|24,729|19,249|
|12|Net income/(expenditure) before transfers|2025||2024|||
|||£||£|||
||This is started after charging:||||||
||Depreciation ofowned fixed assets, loss on asset disposal|Ite||7,365|||
||IndependentExaminer'sfee|500||176|||
1
## Arctic Convoy Museum (SCIO)
## 13. Staff Costs
No employee received emoluments in excess of£60,000
|
|The average monthly number of full time equivalent employees during the year was as|The average monthly number of full time equivalent employees during the year was as|follows:|
|---|---|---|
||2025|2024|
||number|number|
|Exhibition centre staff|1|l|
|Employment cost:|2025
£|2024
£|
|Wages and salaries|54,743|40,503|
|Social security|=|.|
|Pensioncosts|2.470|1,460|
|The|charity operates
a NEST defined contribution|charity operates
a NEST defined contribution|scheme|scheme|for its employee(s).|for its employee(s).|The costs are|included in the Charitable|included in the Charitable|
|---|---|---|---|---|---|---|---|---|---|
|Activities costs relating to running the Exhibition Centre.||||||||||
|14.|Tangible fixed assets|Landand||Plantand||Heritage|Office||Total|
|||Buildings||Machinery||assets|equipment|||
||Cost or revaluation|||||||||
||at
| April 2024|260,958|||17,368|5,923||3,012|287,261|
||additions||.||.||.|779|779|
||disposals|||||||||
||transfers|||||||||
||at 31 March 2025|260,958|||17,368|5,923||3,791|288,040|
||Depreciation and impairment|||||||||
||at 1 April 2024|15,307|||4,678||-|1,784|21,769|
||Depreciation charge for the year|5,219|||1,737||-|767|7,723|
||Disposals|||||||||
||at 31 March 2025|___20,526|||6,415||-|2551|29,492|
||Net book values|||||||||
||at 31 March 2025|240,432|||10,953|5,923||1,240|258,548|
||at 31 March 2024|245,651|||12,690|5,923||1,228|265,492|
|1S|Stocks||||||2025||2024|
||||||||£||£|
||Finished goods for Retail sales||||||574||8,092|
||||||||574||8,092|
|16|Debtors||||||2025||2024|
||||||||&;||£|
||Trade debtors||||||22||295|
||Prepayments and accrued income||||||2,234||1,721|
||VAT recoverable||||||608||850|
||||||||2,864||2,866|
|
|
| |
## Arctic Convoy Museum (SCIO)
|17|Creditors - Amounts|falling|due within|due within|one year|||||2025||2024|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||£||£|
||Trade creditors|||||||||244||930|
||Other taxes and social security|||||||||2,329||1,992|
||Other creditors|||||||||-||146|
||Accruals and deferred income|||||||-||1,430.|-|281|
|||||||||||4,003||3,349|
|18|Movement in Funds||at|1 Apr|Incoming||resources||at|31 Mar|||
|||||2024|resources||expended|||2025|||
|||||£||||||£|||
||Restricted Funds:||||||||||||
||Sewing Hope|||-|400||-|||400|||
||NHI Grant|||-|1,49]||-|||1,491|||
||William H Welch|||990|=||-|||990|||
||Memorial Path fund|||185|-||-|||185|||
||Exhibition Centre||243,901||-||(9,729)||234,172||||
||Bertie||4,207||1,000||-|||5,207|||
||||249,283||2.891||(9,729)||242,445||||
||Unrestricted funds:||||||||||||
||General funds||71,476||89,870||(101,381)|||59,965|||
||Revaluation Reserves|||-|-||-|||-|||
||Total Funds|320,759|||«92,761|=~|(111,110)||302,410||||
|19|Analysis ofnet assets|between||funds|Unrestricted —_Restricted||||||Total||
||||||2025|||2025|||2025||
|||||||£|||£||£||
||Fixed assets||||9,347|||249,201|||258,548||
||Net current assets||||50,618|||(6,756)|||43,862||
||||||59,965|||242,445|||302,410||
7 a — -
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## Arctic Convoy Museum (SCIO)
## Detailed Statement of Financial Activities
For the year ended 31 March 2025
|For the year ended 31 March 2025|||||||
|---|---|---|---|---|---|---|
||Unrestricted||Restricted||Total|Total|
||funds||funds||funds|funds|
||2025||2025||2025|2024|
||£||£||£|£|
|Income and endowments from:|||||||
|Donations and legacies|||||||
|Donations and legacies|16,324||1,000||17,324|6,456|
|Grants|-||1,491||1,491|-|
|M'ship subscriptions|453||-||453|375|
|Gift Aid|94||-||94|-|
|Sundry|1,013||400,||ANB|S89|
||17,884||2,891||20,775|7,420|
|Charitable activities:|||||||
|Exhibition Centre admissions|$0,574||ee||———S0,574|42,543|
||50,574||-||50,574|42,543|
|Other trading activities:|||||||
|Fundraising activities|-||-||-|:|
|Retail sales|20,821||-||20,821|20,221|
||20,821||-||20,821||__20,221|
|Investments:|||||||
|Bank interest received|591||-||591|627|
|Total income and endowments from:|89,870||2,891||92,761|70,811|
|Expenditure on raising funds|||||||
|Costs ofgenerating donations and legacies|||||||
|Donation and legacies|21||-||21|180|
|Costs ofother trading activities:|||||||
|Retail sales|23,481||-||23,481|15,532|
||23,502||-||23,502|15;712|
|Charitable activities:|||||||
|Exhibition centre staffcosts|57.213||-||$7,213.|41,963|
|Advertising and PR|16||-||16|746|
|Social media development|1,820||-||1,820|3,000|
|Public enquiries|1,820||-||1,820|3,000|
|Campaigns|700||-||700|1,200|
|Website development|810||-||810|475|
|Project development|:|ee.||eee|ss|2,335|
||62,379||-||62,379|52,719|
|Governance costs|||||||
|Independent Examination fees|500||-||500|176|
||500||-||500|176|
|Totalofexpenditureoncharitableactivities|62,879||-||62,879|52,895|
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## Arctic Convoy Museum (SCIO)
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2025|2025|2025|2024|
||£|£|£|£|
|Other expenses:|||||
|Motor and travel costs:|||||
|Travel and subsistence|222|.|222|2,396|
|Premises costs:|||||
|Rates / water|259|.|259|239|
|Light, heat and power|2,544|-|2,544|1,076|
|Premises cleaning|259|-|259|-|
|Premises insurances|1,051|-|1,051|1,003|
|Other premises costs|902|1,656|2,558|1,881|
|General administrative costs, including depreciation and amortisation:|||||
|Repairs and renewals|1,301|-|1,301|354|
|Deprec. of land & buildings|175|5,044|5,219|§,219|
|Deprec. of plant
& machinery|308|1,429|15737|1,737|
|Deprec. ofoffice equipment|767||767|409|
|Bank charge|1,343|-|1,343|1,167|
|Postage& couriers|411|.|411|315|
|Software, IT support and related costs|-|-|-|96|
|Stationeries and printing|229|-|229|178|
|Subscriptions|132|1,600|1,732|888|
|Sundry expenses|456|-|456|493|
|Telephone and broadband|836|.|836|749|
|Consultancy fees|3,805|-|3,805|-|
|Legal and professional costs:|||||
|Other legal and professional costs|-|-|-|1,049|
|Total ofexpenditure ofother costs|15,000|9,729|24,729|19,249|
|Total expenditure|101,381|9,729|111,110|87,856|
|Net gains on investments|||||
|Net income/ (expenditure)|||||
|Transfers between funds|-|=|si|=|
|Net income/ (expenditure) before other gains/(losses)|(11,511)|(6,838)|(18,349)|(17,045)|
|Other gains|-|-|-|-|
|Net movement in funds|(11,511)|(6,838)|(18,349)|(17,045)|
|Reconciliation of funds:|||||
|Total funds brought forward|71,476|249,283|320,759|337,804|
|Totalfundscarriedforward|59,965|242,445|302,410|320,759|