0 false false false false false false true false false false true false true No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023_Charity 756,018 756,018 756,018 xbrli:pure xbrli:shares iso4217:GBP 02397322 2023-11-01 2024-12-31 02397322 2024-12-31 02397322 2023-10-31 02397322 2022-11-01 2023-10-31 02397322 2023-10-31 02397322 2022-10-31 02397322 bus:LeadAgentIfApplicable 2023-11-01 2024-12-31 02397322 char:Trustee1 2023-11-01 2024-12-31 02397322 char:Trustee4 2023-11-01 2024-12-31 02397322 char:Trustee5 2023-11-01 2024-12-31 02397322 char:Trustee8 2023-11-01 2024-12-31 02397322 char:Trustee9 2023-11-01 2024-12-31 02397322 bus:CompanySecretary1 2023-11-01 2024-12-31 02397322 char:TotalUnrestrictedFunds 2023-10-31 02397322 char:TotalRestrictedIncomeFunds 2023-10-31 02397322 char:TotalUnrestrictedFunds 2024-12-31 02397322 char:TotalRestrictedIncomeFunds 2024-12-31 02397322 char:TotalRestrictedIncomeFunds 2023-10-31 02397322 char:TotalUnrestrictedFunds 2023-10-31 02397322 char:TotalUnrestrictedFunds 2023-11-01 2024-12-31 02397322 char:TotalUnrestrictedFunds 2022-11-01 2023-10-31 02397322 core:WithinOneYear 2024-12-31 02397322 core:WithinOneYear 2023-10-31 02397322 core:LandBuildings 2024-12-31 02397322 core:LandBuildings 2023-10-31 02397322 bus:SmallEntities 2023-11-01 2024-12-31 02397322 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-12-31 02397322 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-12-31 02397322 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 02397322 bus:FullAccounts 2023-11-01 2024-12-31
COMPANY REGISTRATION NUMBER: 02397322
CHARITY REGISTRATION NUMBER: 801888
Brightlingsea Museum
Company Limited by Guarantee
Unaudited Financial Statements
For the 14 Months Ended
31 December 2024
Brightlingsea Museum
Company Limited by Guarantee
Financial Statements
Period from 1st November 2023 to 31st December 2024
Pages
Trustees' Annual Report (Incorporating the Director's Report)
1 to 2
Independent Examiner's Report to the Trustees
3 to 4
Statement of Financial Activities (Including Income and Expenditure Account)
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
8 to 14
Brightlingsea Museum
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Period from 1st November 2023 to 31st December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31 December 2024 .
Reference and Administrative Details
Registered charity name
Brightlingsea Museum
Charity registration number
801888
Company registration number
02397322
Principal office and registered
Dove House
office
Station Road
Brightlingsea
Essex
CO7 0DT
The Trustees
N Skinner (Chairman & Treasurer)
M Stone
V Chapman
P Skerritt
O Reilly
Company Secretary
P Skerritt
Independent Examiner
Peyton Tyler Mears
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
Structure, Governance and Management
The company is limited by Guarantee and does not have share capital.
Objectives and Activities
The principal activity of the charity is the provision of a museum to advance the education of the public in Brightlingsea and District.
Achievements and Performance
The charity continues to run the museum in Brightlingsea.
Financial Review
Overall the surplus for the fourteen month period was £3,655. This compares to a surplus of £8,022 for the previous twelve month period.
Income held up well with relatively high interest rates maintaining interest earnings. Additionally sponsorship from John Fowlers (£1,500) and the Beach Hut Association (£500) boosted income.
Expenditure was generally in line with expectations although there were additional payments related to the provision of new paving at the Museum entrance (£4,249) and costs related to the Royal Visit by HRH Princess Anne (£1,162).
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 28 April 2025 and signed on behalf of the board of trustees by:
N Skinner (Chairman & Treasurer)
Trustee
Brightlingsea Museum
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Brightlingsea Museum
Period from 1st November 2023 to 31st December 2024
I report to the trustees on my examination of the financial statements of Brightlingsea Museum ('the charity') for the period ended 31st December 2024.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s 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 Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peyton Tyler Mears Independent Examiner
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
7 May 25
Brightlingsea Museum
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Period from 1st November 2023 to 31st December 2024
Period from 1 Nov 23 to 31 Dec 24
Year to 31 Oct 23
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
13,890
13,890
12,362
Other trading activities
6
1,872
1,872
1,569
Investment income
7
9,231
9,231
6,196
---------
-----
---------
---------
Total income
24,993
24,993
20,127
---------
-----
---------
---------
Expenditure
Expenditure on charitable activities
8,9
21,338
21,338
12,105
---------
-----
---------
---------
Total expenditure
21,338
21,338
12,105
---------
-----
---------
---------
---------
-----
---------
---------
Net income and net movement in funds
3,655
3,655
8,022
---------
-----
---------
---------
Reconciliation of funds
Total funds brought forward
751,564
154,719
906,283
898,261
-----------
-----------
-----------
-----------
Total funds carried forward
755,219
154,719
909,938
906,283
-----------
-----------
-----------
-----------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Brightlingsea Museum
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
31 Dec 24
31 Oct 23
Note
£
£
Fixed Assets
Tangible fixed assets
13
756,018
756,018
Current Assets
Stocks
2,339
2,017
Debtors
14
1,842
4,850
Cash at bank and in hand
153,873
144,028
-----------
-----------
158,054
150,895
Creditors: amounts falling due within one year
15
4,134
630
-----------
-----------
Net Current Assets
153,920
150,265
-----------
-----------
Total Assets Less Current Liabilities
909,938
906,283
-----------
-----------
Net Assets
909,938
906,283
-----------
-----------
Funds of the Charity
Restricted funds
154,719
154,719
Unrestricted funds
755,219
751,564
-----------
-----------
Total charity funds
16
909,938
906,283
-----------
-----------
For the period ending 31st December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Brightlingsea Museum
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of trustees and authorised for issue on 28 Apr 25 , and are signed on behalf of the board by:
V Chapman
Trustee
Brightlingsea Museum
Company Limited by Guarantee
Notes to the Financial Statements
Period from 1st November 2023 to 31st December 2024
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Dove House, Station Road, Brightlingsea, Essex, CO7 0DT.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund Accounting
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by Guarantee
Every member of the charity undertakes to contribute such amount as may be required, not exceeding £1, to the charity's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.
5. Donations and Legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Friends of Brightlingsea Museum
1,500
1,500
1,500
1,500
Walks
300
300
Gift aid
1,002
1,002
1,037
1,037
Fundraising
285
285
152
152
General donations
1,323
1,323
3,491
3,491
Essex Lottery
216
216
204
204
Commission & hanging fees
786
786
1,425
1,425
Collection Boxes inc Contactless
3,332
3,332
3,553
3,553
Grants
Brightlingsea Town Council
2,146
2,146
John Fowlers sponsorship
1,500
1,500
Beach hut
500
500
ORSTED Business Sponsorship
1,000
1,000
1,000
1,000
---------
---------
---------
---------
13,890
13,890
12,362
12,362
---------
---------
---------
---------
6. Other Trading Activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Shop income
1,872
1,872
1,569
1,569
--------
--------
--------
--------
7. Investment Income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
9,231
9,231
6,196
6,196
--------
--------
--------
--------
8. Expenditure on Charitable Activities by Fund Type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Running the museum
145
145
711
711
Support costs
21,193
21,193
11,394
11,394
---------
---------
---------
---------
21,338
21,338
12,105
12,105
---------
---------
---------
---------
9. Expenditure on Charitable Activities by Activity Type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Running the museum
145
20,803
20,948
11,745
Governance costs
390
390
360
-----
---------
---------
---------
145
21,193
21,338
12,105
-----
---------
---------
---------
10. Analysis of Support Costs
Running the museum
Total 2024
Total 2023
£
£
£
Premises
14,258
14,258
4,064
Independent Examiner fees
390
390
360
Insurance
2,817
2,817
1,255
Sundry costs
3,728
3,728
5,715
---------
---------
---------
21,193
21,193
11,394
---------
---------
---------
11. Independent Examination Fees
Period from
1 Nov 23 to
Year to
31 Dec 24
31 Oct 23
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
390
360
-----
-----
12. Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible Fixed Assets
Land and buildings
£
Cost
At 1 Nov 2023 and 31 Dec 2024
756,018
-----------
Depreciation
At 1 Nov 2023 and 31 Dec 2024
-----------
Carrying amount
At 31 Dec 2024
756,018
-----------
At 31 Oct 2023
756,018
-----------
14. Debtors
31 Dec 24
31 Oct 23
£
£
Other debtors
1,842
4,850
--------
--------
15. Creditors: amounts falling due within one year
31 Dec 24
31 Oct 23
£
£
Accruals and deferred income
4,134
630
--------
-----
16. Analysis of Charitable Funds
Unrestricted funds
At 1 Nov 2023
Income
Expenditure
At 31 Dec 2024
£
£
£
£
General unrestricted finds
710,576
24,993
(21,338)
714,231
Founding Legacy
28,356
28,356
Brightlingsea Sunday School Donation
12,632
12,632
-----------
---------
---------
-----------
751,564
24,993
(21,338)
755,219
-----------
---------
---------
-----------
At 1 Nov 2022
Income
Expenditure
At 31 Oct 2023
£
£
£
£
General unrestricted finds
702,554
20,127
(12,105)
710,576
Founding Legacy
28,356
28,356
Brightlingsea Sunday School Donation
12,632
12,632
-----------
---------
---------
-----------
743,542
20,127
(12,105)
751,564
-----------
---------
---------
-----------
Restricted funds
At 1 Nov 2023
Income
Expenditure
At 31 Dec 2024
£
£
£
£
New Museum Projects
154,719
154,719
-----------
-----
-----
-----------
At 1 Nov 2022
Income
Expenditure
At 31 Oct 2023
£
£
£
£
New Museum Projects
154,719
154,719
-----------
-----
-----
-----------
17. Analysis of Net Assets Between Funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
601,299
154,719
756,018
Current assets
158,054
158,054
Creditors less than 1 year
(4,134)
(4,134)
-----------
-----------
-----------
Net assets
755,219
154,719
909,938
-----------
-----------
-----------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
601,299
154,719
756,018
Current assets
150,895
150,895
Creditors less than 1 year
(630)
(630)
-----------
-----------
-----------
Net assets
751,564
154,719
906,283
-----------
-----------
-----------