**Registered number: 2866265 Charity number: 1030554**
## **NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
**Trustees' report and financial statements**
**for the year ended 31 March 2023**
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 13|
|**Independent auditors' report on the financial statements**|14 - 17|
|**Consolidated statement of financial activities**|18|
|**Consolidated balance sheet**|19|
|**Company balance sheet**|20|
|**Consolidated statement of cash flows**|21|
|**Notes to the financial statements**|22 - 44|
**NATIONAL JUSTICE MUSEUM (A company limited by guarantee)**
## **Reference and administrative details of the Company, its Trustees and advisers for the year ended 31 March 2023**
|**Trustees**|S Campbell|
|---|---|
||M Blair (resigned 5 April 2023)|
||P Bowden, Chair|
||J Spencer|
||His Honour J Teare (resigned 5 April 2023)|
||His Honour R Chapple|
||C Hastie|
||E Somerville|
||N Williams|
||E Chapman|
||M Mathews|
||H Emmett (appointed 16 September 2022)|
||K J McNamara (appointed 16 September 2022)|
|**Company registered**
**number**
2866265
**Charity registered**
**number**
1030554
**Registered office**
Shire Hall
High Pavement
Nottingham
NG1 1HN
**Chief executive officer**
V Reeves
**Independent auditors**
PKF Smith Cooper Audit Limited
Statutory Auditors
2 Lace Market Square
Nottingham
NG1 1PB
**Bankers**
National Westminster Bank plc
16 South Parade
Nottingham
NG1 2JX
**Solicitors**
Nelsons
Pennine House
8 Stanford Street
Nottingham
NG1 7BQ||
Page 1
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report for the year ended 31 March 2023**
The Trustees present their annual report together with the audited financial statements of the group and the company The National Justice Museum (“the museum”) for the year 1 April 2022 to 31 March 2023.The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Since the company and the group qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## **Objectives and activities**
## **a. Policies and objectives**
## **Our purpose**
'We tell the story of justice through time. We work inclusively and collaboratively with communities, supporting the creation of a fairer and equitable society.’
We empathetically enable people of all ages to extend their understanding of the law and justice system, so they are inspired by their rights and responsibilities to play an active role in society.’
We are a multi-award winning Museum and we are growing in national stature, winning the ‘Museums Change Lives’ award in 2021 for our innovative workshops in an envelope project. We are a leader in public legal learning and education and in developing diverse collaborations and partnerships for our work. Our learning programmes are delivered in centres across England, in our historic courtrooms in Nottingham, the Royal Courts of Justice and the Rolls Building in London, and in active courts in the North. Our ambition is to widen our learning offer to more UK locations.
Our museum is based in Nottingham’s former Shire Hall and County Gaol, a Grade II* listed building featuring a Victorian criminal and civil courtroom, an Edwardian police station and exhibitions exploring the fascinating history of justice, we house historically significant collections of over 40,000 objects that cover the history of the British Criminal Justice System. The City of Caves forms a key part of our offer and here we explore stories of social justice within Nottingham’s largest historic sandstone caves and the country’s only underground medieval tannery. We engage and entertain the public by including them in our unique, interactive performances.
In 2018 we became an Arts Council National Portfolio Organisation (NPO), with a specific remit to diversify our workforce and programmes. We have established a reputation nationally and regionally for our person-centred creative approach and have a growing, credible reputation as an arms open organisation, connecting communities through creative activity and providing services for diverse and not yet engaged groups. We take our museum out to people, engaging with new community partners to co-produce exhibitions and become more accessible to a wider and more diverse range of people and communities.
## **Our Vision is:**
‘For everyone - equity and justice through engagement, inspiration, learning, and unforgettable experiences.’
Page 2
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Objectives and activities (continued)**
## **Our values**
We work creatively and equitably with people and communities; our values are to be:
- Inclusive and equitable – we aspire to build a more diverse and representative organisation;
- Open and collaborative – we celebrate diversity, creative collaboration and partnership working, we listen to and respect people and we stimulate conversations with our communities, around the role of law, justice and society;
- Ambitious and dynamic – we embrace diverse people and thinking. We challenge ourselves so we develop and deliver excellence;
- Authentic – people learn and access our stories and history through experiencing our unique historic buildings and our museum collections;
- Be here for the future – we take a whole organisation approach to sustainability, ensuring we support people, partnerships and our environmental and economic future.
## **Our aims:**
We aim to:
- Excel as the national leader of public legal education;
- Maintain the financial resilience and sustainability of the organisation;
- Champion a green agenda and our commitment to environmental sustainability;
- Ensure the well-being of our workforce of staff and volunteers;
- Use our museum and collections creatively to support our work;
- Expand our audience reach and ensure positive and inclusive engagement and representation for all those that engage with us;
- Ensure integration, application and engagement with digital technology throughout the organisation.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 3
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance**
## **a. Review of activities**
During 2022/3 our activity continued to be governed by recovery post pandemic and the continuing cost of living crisis. The need to generate income and manage costs became our central priority as emergency funds and furlough ended. We reapplied for our status as an Arts Council NPO which was granted before the year end. We also actively began conversations with the National Lottery Heritage Fund and during the year made an application for £250,000 to their resilience fund which was for a project to test and scope out a number of projects to increase our sustainability as an organisation and grow our income streams.
We continued to open both the National Justice Museum and the City of Caves. Visitor income during the year equated to approximately 93% of that earned pre-pandemic which inevitably has been used as a key benchmark for our recovery performance.
We operated a flexible approach to opening to ensure we were managing our costs and responding to demand, over the winter months we reverted to a 4 day a week opening pattern with access to pre booked school groups every day at the museum. Opening hours at the City of Caves were greater than at the museum as this has a lower cost base and higher demand. Access to the Caves is still via a temporary entrance created when Broadmarsh was due to re-developed. We have continued to actively liaise with all key stakeholders in the ongoing discussions about the future of this site.
During this year our corporate income continued to recover with a high demand for themed events and tours. Room hire slowed after the immediate post-lockdown period as people returned to office working but demand began to return and we have established relationships with suppliers who hire our space for regular events throughout the year.
During the year tenant income remained stable.
## **National Justice Museum Learning**
We inspire children and young people to explore their rights and responsibilities through heritage sites across England. From our base in Nottingham, National Justice Museum Education delivers innovative, inspiring public legal education at law courts and heritage sites in the Midlands, London, and the North West. Young people across England and Wales can learn from our programmes about the Justice system through on-site visits, our collections and virtual resources.
During 2022-23, Learning saw recovery across all sites and delivery options, with the exception of on-line sessions, which naturally decreased. Court availability continued to impact capacity in London and the North, but an increased outreach offer across the North and the national NJM on Tour programme began to add flexibility and accessibility.
Page 4
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance (continued)**
In the table below, the full academic year is shown as this illustrates the ongoing recovery. The blue lines indicate budget numbers, the red show actual numbers for each site.
## Pupil Numbers and Income - Academic Year 2022-2023
|**NJM (Including C&C)**|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Month
September|Budget Numbers
700|Actual Numbers|705||||~~NJM - Pupil Numbers - Budget Vs Actual~~||||||||
|October|1200||833|||~~1800~~|||||||||
|November|1650||1506|||1600|||||||||
|December|780||482|||1400|||||||||
|January
February|950
1250||689
901|||1000
1200|||||||||
|March|1300||1529|||~~800~~|||||||||
|April|660||640|||~~400~~
~~600~~|||||||||
|May|880||882|||~~200~~|||||||||
|June|1320||1122|||0|||||||||
|July|880||1088||||||||||||
||||||||||||||||
|||||||||~~Budget Numbers~~
~~Actual Numbers~~|||||||
||||||||||||||||
||||||||||||||||
## **London (Including special events weeks)**
|||||||||London - Pupil Numbers - Budget Vs Actual|London - Pupil Numbers - Budget Vs Actual|London - Pupil Numbers - Budget Vs Actual|London - Pupil Numbers - Budget Vs Actual|London - Pupil Numbers - Budget Vs Actual|London - Pupil Numbers - Budget Vs Actual||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Month|Budget Numbers|Actual Numbers|||||1400||||||||||
|September|500||150||||1200||||||||||
|October|800||574||||~~1000~~||||||||||
|November|1000||806||||~~800~~||||||||||
|December|900||248||||~~600~~||||||||||
|January|700||1041||||~~400~~||||||||||
|February
March|800
1200||714
1091||||~~200~~||||||||||
|April|450||307||||~~0~~||||||||||
|May|625||491||||||||||||||
|June|800||1021||||||||||||||
|July|800||862||||||~~Budget Numbers~~||~~Actual Numbers~~||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
|**North (Including special events weeks)**|||||||||||||||||
|||||||||North - Pupils Numbers - Budget Vs Actual|||||||||
||||||||~~1000~~||||||||||
|Month|Budget Numbers|Actual Numbers|||||||||||||||
|September|360||53||||~~800~~||||||||||
|October|360||70||||600||||||||||
|November|720||553||||~~400~~||||||||||
|December|360||256||||||||||||||
|January|600||230||||~~200~~||||||||||
|February|600||485||||0||||||||||
|March|340||883||||||||||||||
|April|360||161||||||||||||||
|May|400||257||||||||||||||
|June|420||391||||||North (Including special events weeks) Budget Numbers||||||||
|July|400||429||||||North (Including special events weeks) Actual Numbers||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
||||||||||||||||||
Page 5
**NATIONAL JUSTICE MUSEUM (A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance (continued)**
## **Nottingham**
Key developments over the year include:
- **Piloting a successful initial teacher training event** with students from Nottingham Trent to enable trainee teachers to go into their teaching roles with a greater understanding of the value of a visit to NJM.
- **The Nottingham Space opened.** Supported by the Violence Reduction Partnership, 7 families who have been bereaved through knife crime have shared their stories in a series of videos which will be shown to KS3 and upwards young people visiting Choices and Consequences. The videos look at the impact on different family members, parents, siblings, grandparents and even the young daughter of a victim. It has been 15 years since the murder of Ben Kinsella, the young man at the heart of the 5 Choices and Consequences ‘legacy rooms’, meaning that some of the young people who visit the space were not even born when Ben died. Additionally, it is easy to dismiss knife crime as a London issue, but the 7 young, recent victims evidence the impact of knife crime across Nottingham.
- **The development of on-site and on-line activity with the Literacy Trust,** exploring the museum and then working with an external creative practitioner to create a piece of poetry; the legacy of this work will be a set of downloadable resources that can either be used by teachers in the classroom or facilitator led at the museum.
## **London**
Court capacity remained an issue during this year, reducing the actual numbers significantly. However, a lasting consequence of Covid has been increased flexibility with dates by schools, which has meant visits by groups can be condensed into the days available. During the year access to courts was limited to Monday and Friday, with the team picking up additional bookings through NJM on Tour, outreach and partnership projects.
An excellent response below to a visit to an NJM on Tour venue:
Key developments over the year include:
- **Court visits for University of Law Students:** National Justice Museum Education London continued to arrange sessions for students at the University of Law which included a learning event at the Royal Courts of Justice a. Students speak to and ask questions of a working judge. We know that the students value this opportunity , feedback telling us that this is seen as a unique experience for them.
- **City University Moot Courtroom:** A successful pilot session was delivered at City University in the moot courtroom. This will now be developed into a special event week targeting young people who are interested in studying law, which will include participation in a mock trial and a tour of the university with student ambassadors.
- **Crime and Punishment Outreach Sessions:** A second successful pilot session was delivered at a primary school and this has now become part of the London offer.
Page 6
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance (continued)**
- **Association of Citizenship Teachers (ACT):** There was dialogue with the CEO of Association of Citizenship Teachers to discuss how we could work together in future to support citizenship teachers and offer support to those who may face barriers to bringing students for a paid visit to the RCJ. This work is ongoing.
- We continued to work throughout the year with the Rolls Educational Trust delivering sessions at the Rolls building.
## **North**
Now defined as ‘North,’ rather than ‘Northwest’ to show the wider geographical reach of our delivery.
The North showed the greatest change to our learning offer. With the lack of court capacity, the offer in the North has developed into the following:
- KS1 and lower KS2 delivery at the Greater Manchester Police Museum (Mondays only);
- KS2 upwards delivery at the Manchester Metropolitan University’s moot court (Wednesday and Friday);
- Outreach (KS1,2 and 3) delivered on Wednesdays and Thursdays across the North;
- NJM on Tour events delivered at a growing number of courts across the North.
Key developments over the year include:
- Strengthening of relationships with MMU has resulted in the embedding of the volunteering opportunity for law students as part of the recognised pro bono offer.
- Significant development of relationship with DCRJs and court officials as we continue to develop NJM on Tour. This has also now been picked up by the Judicial Office, who have created press releases for each new NJM on Tour venue, growing the recognition of the offer with both schools and DCRJs.
- To demonstrate the potential of NJM on Tour, during March, 3 special events weeks were planned in March at Liverpool and Bradford, each fully booked.
- The outreach offer has developed to include a KS2 Courtroom Workshop and a KS3+ Enrichment Day Courtroom Workshop. Overall, Tessitura shows that outreach in 22/23 has been delivered to 153 pupils in the 10% most deprived areas, 94 in the 20% most deprived areas and 15 in the 30% most deprived areas against 54 in the 30% least deprived. This is clear evidence that outreach is increasing our accessibility. Repeat outreach bookings are now beginning to come in as the outreach offer develops.
## **Help a Child**
This fund continued to be used to offer a discount to schools that will struggle to raise the funds to visit. This was driven by the ACE Investment Principle ‘Inclusivity and relevance’, which specifically raises the challenges related to socio-economic background.
We launched an offer of a 25% discount (1 in 4 go free) to schools fitting any of the following criteria:
- Schools with a high percentage of free school meals (19% and above)
- Schools with Grade 4 (Inadequate) OFSTED ratings
- Schools identified as being in the 10% highest areas of deprivation according to the government indices of deprivation.
Other requests for discount, if sitting outside any of the criteria above, continued to be responded to on a caseby-case basis.
Over the period of this report, 6303 young people have been able to take advantage of the Help a Child funding.
Page 7
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance (continued)**
## **Creative programme activity linked to NPO status**
During this year we continued our work to reach out to and widen and audiences through our collections and themes. We used a variety of means to do this, partly through our successful co-produced exhibition programme but also through our relationships with creative practitioners, our Project Lab and Make it Yours workshops as well as through training and messaging to ensure that all our team adopted an inclusive approach.
## **Exhibitions throughout this year**
We had 2 key exhibitions in our temporary space during the year.
**Protest and Young people** was on show in the first half of the year. We launched the virtual tour of the exhibition as the physical exhibition was deinstalled. This became an accessible legacy of this timely project. Visitors left over 1,500 carefully crafted, potent, thoughtful, and considered responses in the gallery - there were 4,000 responses in total to our coproduction provocations. One of the five artist commissions was shared with Learning Team to use in school sessions. A second was accessioned into the museum collection and components sold to generate income. There was pop up activity embedded every weekend in exhibition gallery, delivered by visitor experience team, designed with the artistic programme team, to ignite and explain the exhibition and enable visitors to make and take something home.
**Freedom** , our open call photography exhibition ran until February 2023. Our first open call exhibition of black and white photographs articulating ideas of ‘freedom’ from multiple perspectives was a huge success. We challenged institutional ‘open call’ rules in the process to create an equitable exhibition. We curated every photograph submitted to ensure a kind, accessible and enjoyable process for applicants. Freedom statements gathered will inform our future thinking and influence a new model of Open Call exhibition. 116 photographers entered from across the UK.
## **Make It Yours on site creative workshops**
These are free, experimental and friendly workshops to engage people in ‘making the museum theirs’, making something extraordinary together whist shaping or responding to an exhibition. Each one affords opportunities for new perspectives and approaches to the museum collection and themes, from a representative range of creative practitioners commissioned, often a first, accessible entry point to new visitors.
Our award winning ‘Workshop in an Envelope’ continued to connect with people, providing meaningful activity that enabled people outside the museum to shape and inform what happened inside the museum. The underpinning values and approach are the same as the physical workshops: creativity, togetherness, agency, community, wellbeing, relevance. The packs are unique to NJM and hand stamped ‘with love from the National Justice Museum’.
In total 4,069 envelope workshops have been devised, prototyped, tested, made and delivered.
## **Project Lab**
The project lab, a free friendly space full of representative books, a response area, sound lab and display is programmed all year round. Pop up person led activity in the space has proved successful in sharing practice and supporting our team and creative practitioner partners in their professional development.
## **Museum bicycle**
Our museum bicycle and ingenious carrying kit attended workshops and events across the city, carrying conversation and creativity between people and the museum. Building on the success of object walks, it supports our environmental action plan and our aim to work inclusively.
Page 8
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Achievements and performance (continued)**
## **Rental Income**
Available space within the museum was let on a commercial basis for the year, in 2022/23 the rental income was £108,455.
## **Heritage Assets Valuation**
The 2010 and 2019 valuation reports were reviewed and updated in November 2023 by Mellors and Kirk into one report, so that we have a clear understanding of the high value objects within the collection.
For the rest of the museum collection, a valuation review was carried out in November 2023 by the Museum's Senior Curator and Archivist and collated into an additional report. The heritage assets have been revalued in the 2023 financial statements on the basis of these valuations.
## **Depreciation**
Depreciation of exhibitions capital, as outlined in net incoming/outgoing resources, whilst being recorded in the accounts, has no cash effect and is added back to illustrate the real net income.
## **Volunteers**
The number of hours of time donated by general volunteers during the year is approximately 711 hours (2022: 497 hours). This has an approximate value of £8,259 (2022: £4,507) to the charity.
## **Conclusion**
The surplus for the year is £482,576. Adding back non-cash amounts (depreciation and amortisation) of £135,284 and deducting the surplus on revaluation of heritage assets of £421,000 the charity achieved a surplus of £196,860.
At 31 March 2023 the restricted reserves are £1,340,953 and unrestricted reserves are £524,051.
This report relates to a year of unprecedented complexity and challenge for the museum, as it has been for many of our contemporaries and concludes with the Trustees recording their gratitude for the tireless effort and dedication of the Chief Executive and Financial Controller in maintaining the work and prominence of the Trust, and thanks to all of the museum’s senior leadership team.
Page 9
**NATIONAL JUSTICE MUSEUM (A company limited by guarantee)**
**Trustees' report (continued) for the year ended 31 March 2023**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation given past performance, forecasts to 31 March 2025 and current reserves levels that the Charity has adequate resources to continue in operational existence for the foreseeable future as the organisation recovers from the financial impact of Covid and the cost of living crisis. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **b. Principal risks and uncertainties**
The Trust operates a Finance and Audit Committee as a sub-committee of the board of Trustees.
Meetings are held quarterly and as part of the tabled agenda a Risks Register for the museum is discussed alongside mitigation strategies.
Risk is measured from 1-5 by likelihood of occurring and impact if it does occur. Red 5 risks are brought to the Board with monitoring reports and discussed by the Trustees.
Principal risks for the trust during 2022/3 were:
- Earned income reduction
- The Caves entrance environment
- Visitor numbers over the summer months
- Fundraising
- Staff retention
## **c. Reserves policy**
The National Justice Museum requires an appropriate level of reserves in order to operate effectively. The level should has regard to our aims, needs and objectives and the risks we face. It is the intention of the museum to follow the guidance of the Charity Commission to Trustees and the appropriate legislation.
The unrestricted general reserve at 31 March 2023 was £524,051 (2022: £478,927). It is the Trustees’ long term objective to build up sufficient reserves to cover 3-6 months of expenditure within five years.
The level of reserves and the reserves policy is overseen by the Finance and Audit Committee reporting to the main Board.
## **d. Principal funding**
The Trustees are satisfied that the charitable company's assets attributable to each of its individual funds are available and adequate to fulfil its obligations in relation to those funds. All funding sourced is held in restricted accounts and managed according to the requirements of the grant application and regulations by the funding body.
Page 10
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Structure, governance and management**
## **a. Constitution**
The charity is registered as a company limited by guarantee.
The principal object of the company and the group is _” the running of a museum of Crime and Punishment known as the "Galleries of Justice Museum" and the provision of a high profile, pro active Public Legal Education programme under the brand name of the "National Centre for Citizenship and the Law (NCCL)"_ . Tthe company operates from the principal address which is Shire Hall, High Pavement, Lace Market, Nottingham, NG1 1HN. Since October 2010 the company has, in addition to its Nottingham venue, delivered public legal education activities in London, including at at the Royal Courts of Justice, where it has an office and dedicated staff in Manchester and at numerous other court venues across the country.
We have a trading company which is a wholly owned subsidiary of National Justice Museum Ltd. Further information is given in note 3 of the financial statements.
## **b. Methods of appointment or election of Trustees**
The management of the company and the group is the responsibility of the Trustees who are members and directors of the charity and are appointed under the terms of the Articles of Association.
## **c. Policies adopted for the induction and training of Trustees**
On joining the Board, Trustees take part in an induction programme facilitated by the Chief Executive where they gain an understanding of the operation and the business plan of the charity. As part of their role, Trustees are invited to staff training days as well as charity and museum governance and skills training.
## **d. Pay policy for senior staff**
A staff salary review takes place annually with the Chief Executive assessing the senior management team within their scales through a series of factors including: interest rates, performance, business growth, social outcomes and comparable sector salaries.
## **e. Organisational structure and decision making**
The Board of Trustees administers the charity. The Board meets quarterly and holds a quarterly general purposes call between board meetings. There are subgroup meetings including that of the Finance and Audit Committee that meets on a quarterly basis. A Chief Executive Officer (CEO) is appointed by the Trustees to manage the day-to-day operations of the charity. The CEO is supported by a senior management team consisting of a Director of Learning, Head of Marketing and Communications, Financial Controller, General Manager and Artistic Programme Manager.
Page 11
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
## **Plans for future periods**
We applied for a continuation of the NPO funding as this year ended, which was successful, and were awarded £250,000 by the National Lottery Heritage Fund under their resilience funding, this will cover projects such as our NJM on Tour schools project, improvements to retail and catering opportunities on site and fund an external fundraising consultant amongst other things – all projects to improve our resilience and sustainability. We are continuing to engage all key stakeholders around the Broadmarsh re-development in order to ensure that the needs of the City of Caves are secured. A new Creative Programme Manager has been appointed which will reinvigorate the creative programme and build on the great work already delivered and partnerships made. We continue to work towards ever greater diversity within our organisation, both at Board and staff levels, and in our broad outreach to the communities we serve. In all our planning and delivery we will continue to work closely with ACE and in accordance with their aims and principles.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditors**
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.
Page 12
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Trustees' report (continued) for the year ended 31 March 2023**
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **P Bowden** Chair of Trustees Date: 14th December 2023
Page 13
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Independent auditors' report to the Members of National Justice Museum**
## **Opinion**
We have audited the financial statements of National Justice Museum (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the Company balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 March 2023 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 14
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Independent auditors' report to the Members of National Justice Museum (continued)**
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept sufficient accounting records; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 15
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Independent auditors' report to the Members of National Justice Museum (continued)**
## **Auditors' responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. Based on our understanding of the Group and industry, we identify the key laws and regulations affecting the Group. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
We have identified that the principal risk of fraud or non-compliance with laws and regulations related to:
- Management bias in respect of accounting estimates and judgements made;
- Management override of control;
- Posting of unusual journals or transactions.
We focussed on those areas that could give rise to a material misstatement in the Group's financial statements.
Our procedures included, but were not limited to:
- Enquiry of management and those charged with governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud;
- Reviewing minutes of meetings of those charged with governance where available;
- Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Page 16
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Independent auditors' report to the Members of National Justice Museum (continued)**
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **PKF Smith Cooper Audit Limited**
Statutory Auditors 2 Lace Market Square Nottingham NG1 1PB
> Date: 15 December 2023
PKF Smith Cooper Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 17
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Consolidated Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2023**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
5
Other trading activities
3
Investments
4
Other income
6
**Total income**
**Expenditure on:**
Raising funds - other trading activities
3
Charitable activities
7
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
20
**Net movement in funds before other**
**recognised gains**
**Other recognised gains:**
Gains on revaluation of fixed assets
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**47,702**
**1,199,742**
**184,234**
**594**
**235**
**1,432,507**
**136,729**
**1,399,061**
**1,535,790**
**(103,283)**
**148,407**
**45,124**
**-**
**45,124**
**478,927**
**45,124**
**524,051**|**Restricted**
**funds**
**2023**
**£**
**-**
**382,644**
**-**
**-**
**-**
**382,644**
**-**
**217,785**
**217,785**
**164,859**
**(148,407)**
**16,452**
**421,000**
**437,452**
**903,501**
**437,452**
**1,340,953**|**Total**
**funds**
**2023**
**£**
**47,702**
**1,582,386**
**184,234**
**594**
**235**
**1,815,151**
**136,729**
**1,616,846**
**1,753,575**
**61,576**
**-**
**61,576**
**421,000**
**482,576**
**1,382,428**
**482,576**
**1,865,004**|_Total_
_funds_
_2022_
_£_
_205,481_
_1,189,362_
_117,264_
_512_
_745_
_1,513,364_
_86,923_
_1,452,375_
_1,539,298_
_(25,934)_
_-_
_(25,934)_
_-_
_(25,934)_
_1,408,362_
_(25,934)_
_1,382,428_|
|---|---|---|---|---|
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 22 to 44 form part of these financial statements.
Page 18
## **NATIONAL JUSTICE MUSEUM (A company limited by guarantee) Registered number: 2866265**
## **Consolidated balance sheet As at 31 March 2023**
|**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
**Current assets**
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
20
Unrestricted funds
20
**Total funds**|**9,563**
**112,039**
**589,112**
**710,714**
**(318,379)**|**2023**
**£**
**49,296**
**1,423,373**
**1,472,669**
**392,335**
**1,865,004**
**1,340,953**
**524,051**
**1,865,004**|_11,434_
_73,293_
_811,264_
_895,991_
_(363,534)_|_2022_
_£_
_55,856_
_794,115_|
|---|---|---|---|---|
|||||_849,971_
_532,457_|
||||||
|||||_1,382,428_|
|||||_903,501_
_478,927_|
||||||
|||||_1,382,428_|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
**P Bowden** Chair of Trustees Date: 14th December 2023
The notes on pages 22 to 44 form part of these financial statements.
Page 19
## **NATIONAL JUSTICE MUSEUM (A company limited by guarantee) Registered number: 2866265**
## **Company balance sheet As at 31 March 2023**
|**Note**
**Fixed assets**
Intangible assets
13
Tangible assets
14
Investments
15
**Current assets**
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
**Net current assets**
**Total net assets**
**Charity funds**
Restricted funds
20
Unrestricted funds
20
**Total funds**|**120,448**
**550,434**
**670,882**
**(292,836)**|**2023**
**£**
**49,296**
**1,423,373**
**1**
**1,472,670**
**378,046**
**1,850,716**
**1,340,953**
**509,763**
**1,850,716**|_67,667_
_790,440_
_858,107_
_(339,939)_|_2022_
_£_
_55,856_
_794,115_
_1_|
|---|---|---|---|---|
|||||_849,972_
_518,168_|
||||||
|||||_1,368,140_|
|||||_903,501_
_464,639_|
||||||
|||||_1,368,140_|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
**P Bowden** Chair of Trustees Date: 14th December 2023
The notes on pages 22 to 44 form part of these financial statements.
Page 20
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Consolidated statement of cash flows for the year ended 31 March 2023**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible and intangible fixed assets
Interest received
**Net cash used in investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2023**
**£**
**114,236**
**(336,982)**
**594**
**(336,388)**
**(222,152)**
**811,264**
**589,112**|_2022_
_£_
_96,967_
_(123,363)_
_12_
**(123,351)**
**(26,384)**
_837,648_
_811,264_|
|---|---|---|
The notes on pages 22 to 44 form part of these financial statements
Page 21
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
National Justice Museum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest £1.
## **1.2 Basis of consolidation**
The financial statements consolidate the accounts of National Justice Museum and its subsidiary undertaking ('subsidiary').
The company has taken advantage of the exemption contained within section 408 of the Companies Act 2006 not to present its own income and expenditure account.
For the year ended 31 March 2023 the company generated a surplus of £61,576 (2022: Deficit of £32,644).
## **Going concern**
The Trustees have reviewed latest management information, budgets and forecast cashflows to 31 March 2025. The Trustees are confident that the company and Group will have adequate resources to continue in operational existence for the foreseeable future and for a least one year from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **1.3 Company status**
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
Page 22
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **1.4 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **1.5 Income**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Admission fees and school and education income are recognised when payment has been made. Where payment is made in advance, e.g. in respect of school trips, income recognition is deferred until the visit has been completed.
Rental income is recognised in line with the period of rental provided. Any payments in advance are deferred in the balance sheet.
The company is awarded grants, for which we are not entitled to recognise the income until costs have been defrayed for the purpose the grant was intended. Therefore the recognition of any grants received in advance is usually deferred in the balance sheet.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the Trustees' report and note 12 for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **1.6 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 23
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **1.7 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is categorised under the following headings:
- Costs of raising funds;
- Expenditure on charitable activities; and
- Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as a cost against the activity for which expenditure arose.
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management costs. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Charitable activities are costs incurred by the company in the delivery of its activities undertaken to further the purposes of the company, including support costs and costs relating to the governance of the company apportioned to charitable activities.
## **1.8 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost or valuation, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Exhibition assets - 10% - 20% straight line basis - Leasehold improvements 5% - 10% straight line basis - Office equipment 20% - 33% straight line basis - Fixtures, fittings and resources 10% - 50% straight line basis
## **1.9 Intangible assets and amortisation**
Intangible assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Page 24
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **1.9 Intangible assets and amortisation (continued)**
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
The estimated useful lives are as follows
Amortisation is provided on the following basis:
- Website / Software Development 5 years
## **1.10 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **1.11 Operating leases**
Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight-line basis over the lease term.
Rental income under operating leases are charged to the consolidated statement of financial activities on a straight line basis over the lease term.
## **1.12 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **1.13 Deferred taxation**
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial statements.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable surpluses from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
## **1.14 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 25
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **1.15 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.16 Creditors and provisions**
Creditors and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.17 Financial instruments**
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.18 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
## **1.19 Heritage assets**
The company holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held to advance preservation and conservation objectives of the company.
Newly purchased heritage assets will be capitalised at cost, including any incidental expenses of acquisition.
On the inception of FRS 102, those assets acquired in past accounting periods were included in the financial statements, where practicable, at open market value. The majority of assets were donated to the company.
Where heritage assets were acquired in past accounting periods and not capitalised, it can be difficult or costly to attribute a cost or value to them. In such cases, these assets are excluded from the balance sheet if reliable cost information is not available and conventional valuation approaches lack sufficient reliability or significant costs are involved in the reconstruction or analysis of past accounting records or in valuation, which are onerous compared with the additional benefit derived by users of the accounts in assessing the Trustees' stewardship of the assets.
The very long expected lives of heritage assets, due to their nature, value and need to be protected and preserved means that depreciation is not material and is therefore not provided.
## **1.20 Irrecoverable VAT**
The company is registered for VAT, however due to the mixed nature of the supplies it makes, it has irrecoverable VAT arising due to partial exemption which is included in resources expended.
Page 26
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **1. Accounting policies (continued)**
## **1.21 Judgments in applying accounting policies and key sources of estimation uncertainty**
The preparation of the financial statements requires the Trustees to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The Trustees are of the opinion that there are no key assumptions concerning the future and other key sources of estimation uncertainty at the balance sheet date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, except for the valuation of heritage assets.
**Heritage assets** - fair values have been estimated by the Trustees, with reference to previous external independent valuations, on an open market basis.
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2023**
**£**
Donations
18,886
JRS Income
-
Other government grants
-
Similar incoming resources
28,816
47,702
_Total 2022_
_205,481_|**Total**
**funds**
**2023**
**£**
**18,886**
**-**
**-**
**28,816**
**47,702**
_205,481_|_Total_
_funds_
_2022_
_£_
_20,297_
_99,364_
_50,000_
_35,820_|
|---|---|---|
|||_205,481_|
||||
Page 27
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **3. Income from trading activities**
The wholly owned subsidiary, National Justice Museum Trading Limited (company number 03476430), is incorporated in the UK and distributes all of its taxable profits to the charity under the gift aid scheme. The company operates the shop and corporate events at the National Justice Museum. The charity owns 100% of the ordinary share capital of the company. A summary of trading results pre distribution to the charity is shown below.
|**Unrestricted**
**funds**
**2023**
**£**
**Trading income**
Sales
184,234
184,234
**Trading expenses**
Opening stock
(11,434)
Closing stock
9,563
Direct shop and cafe costs
(15,899)
Direct corporate costs
(53,397)
Deferred tax - origination and reversal of timing differences
-
Administrative expenses
(15,915)
Wages and salaries
(45,270)
Employers NI
(3,545)
Fundraising trading expenses - Pensions
(832)
(136,729)
**Net income from trading activities**
47,505|**Total**
**funds**
**2023**
**£**
**184,234**
**184,234**
**(11,434)**
**9,563**
**(15,899)**
**(53,397)**
**-**
**(15,915)**
**(45,270)**
**(3,545)**
**(832)**
**(136,729)**
**47,505**|_Total_
_funds_
_2022_
_£_
_117,264_|
|---|---|---|
|||_117,264_
_(16,740_
_11,434_
_(5,546_
_(28,864_
_(1,690_
_(9,319_
_(33,357_
_(2,261_
_(580_|
|||_(86,923_|
|||_30,341_|
## **4. Investment income**
|**Unrestricted**
**funds**
**2023**
**£**
Investment income
594
_Total 2022_
_512_|**Total**
**funds**
**2023**
**£**
**594**
_512_|_Total_
_funds_
_2022_
_£_
_512_|
|---|---|---|
||||
Page 28
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **5. Income from charitable activities**
|**Unrestricted**
**funds**
**2023**
**£**
Admission fees
623,047
Rental Income
108,455
Schools and education income
223,568
Foyle Foundation income
-
National Portfolio Organisations income
244,416
ACE CRF Income
-
Esmee Fairbairn income
-
Museum Estate and Development Fund –
ACE
-
Choices and Consequences income
-
Art Fund income
-
Other grant income
256
1,199,742
_Total 2022_
_1,053,965_|**Restricted**
**funds**
**2023**
**£**
-
-
300
-
-
-
39,560
332,610
9,174
-
1,000
382,644
_135,397_|**Total**
**funds**
**2023**
**£**
**623,047**
**108,455**
**223,868**
**-**
**244,416**
**-**
**39,560**
**332,610**
**9,174**
**-**
**1,256**
**1,582,386**
_1,189,362_|_Total_
_funds_
_2022_
_£_
_411,464_
_105,387_
_166,831_
_35,000_
_244,416_
_122,000_
_45,841_
_20,000_
_12,584_
_21,672_
_4,167_|
|---|---|---|---|
||||_1,189,362_|
|||||
## **6. Other incoming resources**
|Consultancy and other income
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
235
_745_|**Total**
**funds**
**2023**
**£**
**235**
_745_|_Total_
_funds_
_2022_
_£_
_745_|
|---|---|---|---|
|||||
Page 29
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2023**
**£**
Cost of charitable activities
1,399,061
_Total 2022_
_1,299,029_|**Restricted**
**funds**
**2023**
**£**
217,785
_153,346_|**Total**
**2023**
**£**
**1,616,846**
_1,452,375_|_Total_
_2022_
_£_
_1,452,375_|
|---|---|---|---|
|||||
## **8. Analysis of expenditure by activities**
|Cost of charitable activities
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
863,365
_778,885_|**Support**
**costs**
**2023**
**£**
753,481
_673,490_|**Total**
**funds**
**2023**
**£**
**1,616,846**
_1,452,375_|_Total_
_funds_
_2022_
_£_
_1,452,375_|
|---|---|---|---|---|
||||||
## **Analysis of direct costs**
|Staff costs
Marketing
Exhibition
Community
Education and learning
_Total 2022_|**Cost of**
**charitable**
**activities**
**2023**
**£**
620,454
52,128
65,645
49,537
75,601
863,365
_778,885_|**Total**
**funds**
**2023**
**£**
**620,454**
**52,128**
**65,645**
**49,537**
**75,601**
**863,365**
_778,885_|_Total_
_funds_
_2022_
_£_
_558,085_
_57,408_
_37,713_
_88,520_
_37,159_|
|---|---|---|---|
||||_778,885_|
|||||
_Total 2022_
Page 30
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation and amortisation
Office
Property
_Total 2022_|**Cost of**
**charitable**
**activities**
**2023**
**£**
324,499
135,284
130,670
163,028
753,481
_673,490_|**Total**
**funds**
**2023**
**£**
**324,499**
**135,284**
**130,670**
**163,028**
**753,481**
_673,490_|_Total_
_funds_
_2022_
_£_
_310,592_
_141,897_
_126,328_
_94,673_|
|---|---|---|---|
||||_673,490_|
|||||
The total value of legal services donated to the Trust during the year was £2,065 (2022 - £105).
## **9. Auditors' remuneration**
The Auditors' remuneration for the group amounts to total audit fees of £18,150 (2022 - £13,275) and fees for non-audit services of £950 (2022 - £750).
Page 31
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
Expenses waived by Trustees totalled £Nil ( _2022_ - £Nil) in relation to travel costs incurred but not reimbursed.
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes|**Group**
**2023**
**£**
**917,616**
**59,452**
**17,532**
**994,600**|_Group_
_2022_
_£_
_844,895_
_45,936_
_14,044_
_904,875_|**Company**
**2023**
**£**
**872,346**
**55,907**
**16,700**
**944,953**|_Company_
_2022_
_£_
_811,538_
_43,675_
_13,464_|
|---|---|---|---|---|
||||||
|||||_868,677_|
During the year, statutory redundancy pay of £1,949 (2022: £716) was paid to one employee.
The average number of persons employed during the year was as follows:
||**Group**|_Group_|**Company**|_Company_|
|---|---|---|---|---|
||**2023**|_2022_|**2023**|_2022_|
||**No.**|_No._|**No.**|_No._|
|Employees|**64**|_66_|**64**|_66_|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||**Group**|_Group_|
|---|---|---|---|
|||**2023**|_2022_|
|||**No.**|_No._|
|In the band £60,001|- £70,000|**1**|_1_|
The total amount of employee benefits received by key management personnel is £225,469 (2022: £206,774).
The number of hours of time donated by general volunteers during the year is approximately 711 hours (2022: 497 hours). This has an approximate value of £8,259 (2022: £4,507) to the charity.
## **12. Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
Page 32
**NATIONAL JUSTICE MUSEUM (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
|**13.**
**Intangible assets**
**Group and Company**
**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Amortisation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Website /**
**Software**
**Development**
**£**
**62,081**
**5,167**|
|---|---|
||**67,248**|
||**6,225**
**11,727**|
||**17,952**|
||**49,296**|
||_55,856_|
Page 33
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **14. Tangible fixed assets**
## **Group**
|**Cost & valuation**
At 1 April 2022
Additions
Revaluations
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Freehold**
**property**
**£**
**1,690,771**
**6,821**
**-**
**1,697,592**
**1,543,297**
**29,322**
**1,572,619**
**124,973**
_147,474_|**Long-term**
**leasehold**
**property**
**£**
**1,236,386**
**321,528**
**-**
**1,557,914**
**985,547**
**62,215**
**1,047,762**
**510,152**
_250,839_|**Office**
**equipment**
**£**
**441,045**
**2,697**
**-**
**443,742**
**383,484**
**24,961**
**408,445**
**35,297**
_57,561_|**Fixtures,**
**fittings and**
**resources**
**£**
**86,790**
**769**
**-**
**87,559**
**53,586**
**7,059**
**60,645**
**26,914**
_33,204_|**Heritage**
**assets**
**£**
**305,037**
**-**
**421,000**
**726,037**
**-**
**-**
**-**
**726,037**
_305,037_|**Total**
**£**
**3,760,029**
**331,815**
**421,000**|
|---|---|---|---|---|---|---|
|||||||**4,512,844**|
|||||||**2,965,914**
**123,557**|
|||||||**3,089,471**|
|||||||**1,423,373**|
|||||||_794,115_|
Page 34
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **14. Tangible fixed assets (continued)**
## **Company**
|**Cost & valuation**
At 1 April 2022
Additions
Revaluation surplus
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Exhibition**
**assets**
**£**
**1,690,771**
**6,821**
**-**
**1,697,592**
**1,543,297**
**29,322**
**1,572,619**
**124,973**
_147,474_|**Leasehold**
**improvements**
**£**
**1,236,386**
**321,528**
**-**
**1,557,914**
**985,547**
**62,215**
**1,047,762**
**510,152**
_250,839_|**Office**
**equipment**
**£**
**409,324**
**2,697**
**-**
**412,021**
**351,763**
**24,961**
**376,724**
**35,297**
_57,561_|**Fixtures,**
**fittings and**
**resources**
**£**
**86,790**
**769**
**-**
**87,559**
**53,586**
**7,059**
**60,645**
**26,914**
_33,204_|**Heritage**
**assets**
**£**
**305,037**
**-**
**421,000**
**726,037**
**-**
**-**
**-**
**726,037**
_305,037_|**Total**
**£**
**3,728,308**
**331,815**
**421,000**|
|---|---|---|---|---|---|---|
|||||||**4,481,123**|
|||||||**2,934,193**
**123,557**|
|||||||**3,057,750**|
|||||||**1,423,373**|
|||||||_794,115_|
Heritage assets held are historical, scientific and artistic artefacts. They were subject to an independent, professional valuation in November 2010. Subsequent valuations were undertaken in March and June 2019 by Mellors and Kirk Fine Art Auctioneers & Valuers on an open market basis.
The 2010 and 2019 valuation reports were reviewed and updated in November 2023 by Mellors and Kirk Fine Art Auctioneers & Valuers on an open market basis. In addtionm for the rest of the museum collection, a valuation review was carried out in November 2023 by the Museum's Senior Curator and Archivist on an open market basis.
The heritage assets have been revalued by £421,000 in the financial statements on the basis of these valuations. The Trustees believe the carrying value of £726,037 represents the open market value as at 31 March 2023.
Page 35
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **15. Fixed asset investments**
|**Company**
**Cost or valuation**
At 1 April 2022
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Investments**
**in**
**subsidiaries**
**£**
**1**|
|---|---|
||**1**|
||**1**|
||_1_|
## **16. Principal Subsidiaries**
## **National Justice Museum Trading Limited**
Subsidiary name: National Justice Museum Trading Limited
Company registration number: 03476430
Basis of control: Equity share capital
Equity shareholding %: 100%
Total assets as at 31 March 2023: £66,413 Total liabilities as at 31 March 2023: £(52,124) Total equity as at 31 March 2023: £14,289 Turnover for the year ended 31 March 2023: £184,234 Expenditure for the year ended 31 March 2023: £(136,729) Profit for the year ended 31 March 2023: £47,505
Page 36
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **17. Stocks**
||**Group**|_Group_|
|---|---|---|
||**2023**|_2022_|
||**£**|_£_|
|Shop and corporate stock|**9,563**|_11,434_|
## **18. Debtors**
|**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**Group**
**2023**
**£**
**90,228**
**-**
**17,116**
**4,695**
**112,039**|_Group_
_2022_
_£_
_34,471_
_-_
_11,868_
_26,954_
_73,293_|**Company**
**2023**
**£**
**72,056**
**26,581**
**17,116**
**4,695**
**120,448**|_Company_
_2022_
_£_
_29,182_
_-_
_11,868_
_26,617_|
|---|---|---|---|---|
||||||
|||||_67,667_|
## **19. Creditors: Amounts falling due within one year**
|Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income|**Group**
**2023**
**£**
**64,741**
**-**
**22,977**
**7,553**
**223,108**
**318,379**|_Group_
_2022_
_£_
_75,970_
_-_
_26,724_
_8,069_
_252,771_
_363,534_|**Company**
**2023**
**£**
**59,046**
**-**
**18,003**
**7,553**
**208,234**
**292,836**|_Company_
_2022_
_£_
_68,398_
_9,368_
_15,962_
_8,069_
_238,142_|
|---|---|---|---|---|
||||||
|||||_339,939_|
Page 37
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **20. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted**
**funds**
General Funds -
all funds
Designated fund
- NPO
Government
grants
ACE CRF Grant
Reserves -
subsidiary
**Restricted**
**funds**
Heritage Assets
HAC
HLF project
Biffa project
Choices and
Consequences
project
Art Fund Grant
Esmee Funding
Foyle
Foundation
Museum Estate
and
Development
Fund – ACE
**Total of funds**|**Balance at 1**
**April 2022**
**£**
**238,440**
**83,946**
**129,321**
**12,931**
**14,289**
**478,927**
**305,037**
**48,243**
**412,264**
**41,971**
**11,767**
**24,024**
**5,195**
**35,000**
**20,000**
**903,501**
**1,382,428**|**Income**
**£**
**1,003,857**
**244,416**
**-**
**-**
**184,234**
**1,432,507**
**-**
**300**
**1,000**
**-**
**9,174**
**-**
**39,560**
**-**
**332,610**
**382,644**
**1,815,151**|**Expenditure**
**£**
**(1,073,200)**
**(191,738)**
**(129,321)**
**(4,802)**
**(136,729)**
**(1,535,790)**
**-**
**(15,742)**
**(56,159)**
**(6,900)**
**(14,214)**
**(7,996)**
**(39,613)**
**(1,167)**
**(75,994)**
**(217,785)**
**(1,753,575)**|**Transfers**
**in/out**
**£**
**195,912**
**-**
**-**
**-**
**(47,505)**
**148,407**
**-**
**-**
**(143,707)**
**-**
**-**
**-**
**(4,700)**
**-**
**-**
**(148,407)**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**421,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**421,000**
**421,000**|**Balance at**
**31 March**
**2023**
**£**
**365,009**
**136,624**
**-**
**8,129**
**14,289**|
|---|---|---|---|---|---|---|
|||||||**524,051**|
|||||||**726,037**
**32,801**
**213,398**
**35,071**
**6,727**
**16,028**
**442**
**33,833**
**276,616**|
|||||||**1,340,953**|
|||||||**1,865,004**|
Page 38
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **20. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
Designated fund - NPO
Government grants
ACE CRF Grant
Reserves - subsidiary
**Restricted funds**
Heritage Assets
HAC
HLF project
Biffa project
Choices and Consequences
project
Creative court - LIS
Art Fund Grant
Esmee Funding
Foyle Foundation
Museum Estate and
Development Fund – ACE
**Total of funds**|_Balance at_
_1 April 2021_
_£_
_336,734_
_68,938_
_79,321_
_12,662_
_7,579_
_505,234_
_290,882_
_47,943_
_494,945_
_48,871_
_10,659_
_-_
_9,828_
_-_
_-_
_-_
_903,128_
_1,408,362_|_Income_
_£_
_740,756_
_244,416_
_149,364_
_122,000_
_117,264_
_1,373,800_
_-_
_300_
_2,000_
_-_
_12,584_
_2,167_
_21,672_
_45,841_
_35,000_
_20,000_
_139,564_
_1,513,364_|_Expenditure_
_£_
_(848,526)_
_(229,408)_
_(99,364)_
_(121,731)_
_(86,923)_
_(1,385,952)_
_-_
_-_
_(84,681)_
_(6,900)_
_(11,476)_
_(2,167)_
_(7,476)_
_(40,646)_
_-_
_-_
_(153,346)_
_(1,539,298)_|_Transfers_
_in/out_
_£_
_9,476_
_-_
_-_
_-_
_(23,631)_
_(14,155)_
_14,155_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_14,155_
_-_|_Balance at_
_31 March_
_2022_
_£_
_238,440_
_83,946_
_129,321_
_12,931_
_14,289_|
|---|---|---|---|---|---|
||||||_478,927_|
||||||_305,037_
_48,243_
_412,264_
_41,971_
_11,767_
_-_
_24,024_
_5,195_
_35,000_
_20,000_|
||||||_903,501_|
||||||_1,382,428_|
Page 39
**NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **20. Statement of funds (continued)**
Heritage assets represent the open market value of heritage assets held within the museum.
HAC fund represents donations made to the charity in respect of the crime and punishment education of children.
HLF project represents the restricted funding received in respect of the grant for the Justice; Past, Present and Future, Nottingham project and emergency funding received during the pandemic.
The Biffa project represents funding received in respect of a new exhibition located in the Museum's Edwardian Police Station, that tells the story of the Home Office's pathologist Sir Bernard Spilsbury's life and lasting contribution to forensic science.
Creative Court - following a successful bid to the Nottinghamshire Local Improvement Initiative, National Justice Museum Learning was awarded a small amount of funding (£5,000) to deliver a revised version of Creative Court. Due to the covid pandemic, the project was halted and we were unable to deliver into schools. We are awaiting to hear back from the funder on how they wish us to proceed with the project.
Choices and Consequences – an ongoing partnership with the Ben Kinsella Trust has brought ‘Choices and Consequences’ to the NJM. Installed in the police station, this interactive series of workshops delivers an anti knife crime message to young people aged 10 – 14. The school sessions were fully launched in September 2019.
Art Fund - Connecting for the Future enabled us to install wifi throughout the National Justice Museum and create a general visitor and family tour of the building for the museum website. The total grant awarded was £35,000.
Government Grants - These monies are in relation to the Local Restriction Grants and Additional Voluntary Grants distributed by Nottingham City Council on behalf of the government in relation to the national and local lockdowns and introduction of Tiers during the Covid pandemic.
ACE CRF - We were awarded a grant of £122,000 from the Arts Council England Culture Recovery Fund to support wages and overhead costs during the period April 2021 – June 2021.
Esmee - In February 2020 we were awarded a total amount of £120,000 from the Esmée Fairbairn Collections Fund, for a three year project (£40,000 per year) titled ‘Ingenuity, Creativity and Hope’ where the aim is to generously share historic objects crafted by people in prison as a creative stimulus for rehabilitative activity and response.
Foyle Foundation - The Foyle Foundation awarded a grant of £35,000 in July 2021 to support the cost of replacing the lift in the Museum. The lift was fully operational in August 2022.
Museum Estate and Development Fund - MEND project work commenced in June 2022 including roof works, boiler replacement, heritage maintenance and conservation works and fire alarm system replacement. These works were completed by November 2022 and a number of technical visits were made to site as part of the project to ensure that all operations were running in line with the contracted terms.
Page 40
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **21. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**April 2022**
**£**
**478,927**
**903,501**
**1,382,428**|**Income**
**£**
**1,432,507**
**382,644**
**1,815,151**
_Balance at_
_1 April 2021_
_£_
_505,234_
_903,128_
_1,408,362_|**Expenditure**
**£**
**(1,535,790)**
**(217,785)**
**(1,753,575)**
_Income_
_£_
_1,373,800_
_139,564_
_1,513,364_|**Transfers**
**in/out**
**£**
**148,407**
**(148,407)**
**-**
_Expenditure_
_£_
_(1,385,952)_
_(153,346)_
_(1,539,298)_|**Gains/**
**(Losses)**
**£**
**-**
**421,000**
**421,000**
_Transfers_
_in/out_
_£_
_(14,155)_
_14,155_
_-_|**Balance at**
**31 March**
**2023**
**£**
**524,051**
**1,340,953**|
|---|---|---|---|---|---|---|
|||||||**1,865,004**|
|||||||_Balance at_
_31 March_
_2022_
_£_
_478,927_
_903,501_|
|**Summary of funds - prior year**|||||||
|General funds
Restricted funds|||||||
|||||||_1,382,428_|
## **22. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
114,904
Intangible fixed assets
49,296
Current assets
603,566
Creditors due within one year
(243,715)
**Total**
524,051|**Restricted**
**funds**
**2023**
**£**
1,308,469
-
107,148
(74,664)
1,340,953|**Total**
**funds**
**2023**
**£**
**1,423,373**
**49,296**
**710,714**
**(318,379)**|
|---|---|---|
|||**1,865,004**|
Page 41
## **NATIONAL JUSTICE MUSEUM**
## **(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **22. Analysis of net assets between funds (continued)**
- **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Deferred tax asset
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_145,892_
_55,856_
_553,030_
_(274,161)_
_(1,690)_
_478,927_|_Restricted_
_funds_
_2022_
_£_
_648,223_
_-_
_344,651_
_(89,373)_
_-_
_903,501_|_Total_
_funds_
_2022_
_£_
_794,115_
_55,856_
_897,681_
_(363,534)_
_(1,690)_
_1,382,428_|
|---|---|---|---|
|**23.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**Group**
**2023**
**£**
Net income/expenditure for the year (as per Statement of Financial
Activities)
**61,576**
**Adjustments for:**
Depreciation charges
**123,557**
Amortisation charges
**11,727**
Decrease in stocks
**1,871**
Decrease/(increase) in debtors
**(38,746)**
Increase/(decrease) in creditors
**(45,155)**
Interest received
**(594)**
**Net cash provided by operating activities**
**114,236**
**24.**
**Analysis of cash and cash equivalents**
**Group**
**2023**
**£**
Cash in hand
**589,112**
**Total cash and cash equivalents**
**589,112**|_Group_
_2022_
_£_
_(25,934)_
_135,672_
_6,225_
_5,306_
_4,433_
_5,376_
_(12)_
_131,066_
_Group_
_2022_
_£_
_811,264_
_811,264_|
|---|---|
Page 42
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 March 2023**
## **25. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2022**
**£**
**811,264**
**811,264**|**Cash flows**
**£**
**(222,152)**
**(222,152)**|**At 31 March**
**2023**
**£**
**589,112**|
|---|---|---|---|
||||**589,112**|
## **26. Pension commitments**
The Group and Company operate a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £17,532 (2022 - £14,044). Contributions totalling £3,821 (2022 - £2,972) were payable to the fund at the balance sheet date.
## **27. Operating lease commitments**
At 31 March 2023 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**Group**
**2023**
**£**
**3,731**
**10,800**
**14,531**|_Group_
_2022_
_£_
_8,134_
_710_
_8,844_|**Company**
**2023**
**£**
**3,731**
**10,800**
**14,531**|_Company_
_2022_
_£_
_8,134_
_710_|
|---|---|---|---|---|
|||||_8,844_|
## **28. Related party transactions**
National Justice Museum is grateful for the support it receives from its many benefactors and supporters. During the year, this included the following support from related parties:
M Mathews, a Trustee of the Charity: £Nil donation (2022: £4,000).
The Group has entered into transactions with Social Higher Education Depot CIC (S.H.E.D). Jennifer Spencer is a Trustee of the Charity and a stakeholder of S.H.E.D. During the year there were purchases made from S.H.E.D of £1,500 (2022: £500). There were no amounts outstanding at the year end (2022: £Nil).
The Group has entered into transactions with Notts TV Limited. Michael Blair is a Trustee of the Charity and a Director of Notts TV Limited. During the year there were purchases made from Notts TV of £960 (2022: £Nil). There were no amounts outstanding at the year end (2022: £Nil).
The Group has taken advantage of the exemption under S.33 1A of FRS 102 from disclosing transactions entered into between two or more members of the group as the subsidiary is fully owned.
Page 43
**NATIONAL JUSTICE MUSEUM**
**(A company limited by guarantee)**
**Notes to the financial statements for the year ended 31 March 2023**
## **29. Controlling party**
National Justice Museum is a company limited by guarantee and accordingly does not have share capital.
Every member of the charitable Company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable Company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.
There is no ultimate controlling party of the charitable Company.
Page 44