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2024-03-31-accounts

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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 2024

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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 - 11
Independent auditors' report on the financial statements 12 - 15
Consolidated statement of financial activities 16
Consolidated balance sheet 17
Company balance sheet 18
Consolidated statement of cash flows 19
Notes to the financial statements 20 - 42

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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 2024

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 (resigned 20 June 2024)
E Somerville (resigned 14 December 2023)
N Williams
E Chapman
M Mathews (resigned 20 June 2024)
H Emmett
K J McNamara
C Foster (appointed 20 June 2024)
R Holford (appointed 20 June 2024)
L Walker-Parr (appointed 20 June 2024)
B Yallop (appointed 20 June 2024)
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

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Trustees' report for the year ended 31 March 2024

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 2023 to 31 March 2024.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

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities (continued)

Our values

We work creatively and equitably with people and communities; our values are to be:

Our aims:

We aim to:

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

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance

a. Review of activities

During 2023/24 we continued to ensure that the organisation was putting in place plans for recovery post covid and in light of the cost of living crisis. To this end we applied and were successful in receiving £249,000 from the National Lottery Heritage fund for a resilience project which gave us funding to try out new income streams such as an escape room and widen our learning work creating NJM on Tour which took our learning offer into courtrooms nationally to test out a new way of delivery. This project also allowed us to recruit new staff to support income generation and the introduction of a clear framework for volunteering. In addition to this we continued to deliver our work around the Art Council’s ‘Let’s Create’ strategy and completed Ingenuity our project working in prisons funded by the Esmee Fairburn Foundation.

We continued to open both the National Justice Museum and the City of Caves to the public and 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 (7 days per week) 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 be 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. Young people across the country can learn from our programmes about the Justice system through in-court visits, outreach, our collections and virtual resources.

During 2023-24, Learning returned to pre-pandemic numbers across all sites. 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 have continued to add flexibility and accessibility. Total school visits for the year 24,848.

By location:

Nottingham key developments :

Numbers attending the core programme grew across the year and are now back at pre pandemic levels. Choices and Consequences became the recommended school visit in the City and County Knife and Weapons Guidance, which is issued to all schools in the county. The relationship with the Violence Reduction Partnership remained strong, funding interviews with another family bereaved through knife crime which are used in the Nottingham Space. Colleagues from the city and county youth justice teams continue to bring young people who are at risk of or have committed knife crime as part of their 1:1 support sessions. Nottingham staff trained up to deliver On Tour and will have new court targets of their own in the next academic year. Relationships with the universities have remained strong, with volunteers, work placements and projects carried out during the year.

Page 4

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

London key developments:

Partnership projects with the Globe, Charles Dickens Museum and the University of Law continue, and delivery of KS5 sessions at the Rolls Building.

North key developments:

Delivery across the north covers the following programmes:

The On Tour programme has developed significantly, as has the partnership with the DCRJs. The team in the north now work with the judges delivering Football in the Community events across the region. The learning manager for the north continues to be the national lead for On Tour and is in the process of training other learning managers to be able to pick up and run On Tour in their own regions. Outreach is also growing strongly, with schools now returning to book year on year, as well as new schools requesting visits following recommendation from colleagues.

Help a Child

This fund continued to be used to offer a discount to schools that will struggle to raise the funds to visit, enabling NJM to fulfil the ACE Investment Principle ‘Inclusivity and relevance’, which specifically raises the challenges related to socio-economic background. However, the take up is increasing and we now need to raise more funds to ensure we can continue to offer the Help a Child..

We currently continue to offer a 25% discount (1 in 4 go free) to schools fitting any of the following criteria:

Creative programme activity linked to NPO status

During this year we continued our work to develop and deepen our audiences through our collections and themes, particularly with audiences who traditionally can’t, won’t or don’t cross the museum’s threshold. 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 locally, nationally and internationally, our Project Lab and Make it Yours programme as well as through training and messaging to ensure that all our team adopted an inclusive approach.

Page 5

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Exhibitions throughout this year

We had two key exhibitions in our temporary space during the year. Ingenuity, which was prototyped through a Project Lab phase co-productively with our communities in March 2023 and launched in September 2023 and ran through to January 2024. Ingenuity was a sensitive exploration of resourcefulness and creativity, developed with people living in prison. The exhibition highlighted our historic collection of objects made in prison settings. It was the culmination of a three-year project funded by the Esmee Fairburn Collections fund to the sum of £120,000 which enabled us to work co-productively across 54 prisons throughout the UK, with activity in our local community and a series of artist commissions. This ambitious project has connected people in open and closed communities with compassion and creativity. The project engaged 1000 people living in prison, the exhibition was visited by 19956 people in the museum and we received 723 responses from to provocations from the public. The celebration event engaged 120 attendees from across our communities and partner organisations.

Our international exhibition, Juvenile In Justice, was launched in February 2024 and highlighted the work of Californian artist and activist, Richard Ross, who has visited over 300 youth detention sites in over 35 American states and has documented the lives of more than 1,000 young people. Working co-productively, we shared images from Richard Ross’ collection with Breaking Barriers Building Bridges groups of young people across Nottingham and those detained in Swinfen Hall Young Offenders Institution, who offered their own creative responses and words of compassion and hope.

In May 2023 we also launched our exhibition, Darkness, a solo exhibit featuring twelve new portraits of subjects engaging with artefacts from the museum’s vast crime and punishment collection by internationally renowned artist, Brian Griffin. Darkness enabled a range of sitters through various community connections to take part in the project and respond to the museum artefacts in new and unusual ways. The portraits were hung in unexpected and authentic spaces around the museum. Visitors to were encouraged to explore the ancient cells of this former Georgian gaol to discover images in situ enabling them to consider the space in new ways. 6597 people visited in this period.

Make It Yours on site creative workshop

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. They are often a first, accessible entry point to new visitors. The underpinning values and approaches are: creativity, togetherness, agency, community, wellbeing, relevance. In April 23-March 24, we ran 45 workshops and 368 engagements in these workshops, many of whom were new to the museum. Through evaluation, 89% of participants said that they learnt something new and found the workshops an empowering experience and 100% of participants said they would recommend the workshop to others.

Project Lab

The project lab, a free friendly space full of representative books, a response area, sound lab and a display which 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. Project Labs within our temporary exhibition space during this period have included C2C Social Action, Heart in a Cage linked to the Ingenuity exhibition, No Comprendo and The Art of Belonging.

Museum bicycle and offsite creative events

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. Our creative and inclusive approach enables us to utilize our collection and themes of the museum and engage with audiences who traditionally can’t, won’t or don’t cross the threshold of the museum. Events which we supported across the city included Pride, Refugee Week, Green Hustle, International Women’s Day and Penned Up Festival to name a few.

Page 6

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Rental Income

Available space within the museum was let on a commercial basis for the year, in 2023/24 the rental income was £115,425.

Heritage Assets Valuation

A full valuation was carried out in December 2023 and we have subsequently adopted a review policy which specifies that a sample of higher value items is valued annually.

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 (2023: 1,305 hours). This has an approximate value of £15,024 (2023: £8,259) to the charity.

Conclusion

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.

The deficit for the year is £222,438. Adding back non-cash amounts (depreciation and amortisation) of £145,358 achieved a deficit of £77,080.

At 31 March 2024 the restricted reserves are £1,262,084 and unrestricted reserves are £380,482.

Page 7

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation given past performance and 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 2023/4 were:

c. Reserves policy

The National Justice Museum requires an appropriate level of reserves in order to operate effectively. The level should have 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 2024 was £380,482 (2023: £524,051). 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 8

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

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) ". Under its new name of the National Justice Museum the 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 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.

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 finance and audit that meets on a quarterly basis. A Chief Executive Officer (CEO) is appointed by the Trustees to manage the day-today operations of the charity. The CEO is supported by a senior management team consisting of a Director of Learning, Head of Marketing and Communications, Head of Finance, General Manager and Artistic Programme Manager.

Page 9

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Plans for future periods

We have recently applied for the extension year to NPO funding which had been offered by the Arts Council, this will provide a further year of funding whist we put plans together for our next application for the NPO funding period that will begin in 2027. We will also be continuing our conversations with the National Lottery Heritage Fund around continued development of the visitor attractions against the backdrop of a refresh of our strategy, work that is being supported by Experian with our Board and CEO.

We continue to maintain relationships with all key stakeholders linked to the City of Caves and the surrounding planned development of the Broadmarsh area.

We will be reviewing our NJM on Tour learning programme with a view to ensuring that we are able to continue and widen this work in a sustainable way as a new way of working to broaden our remit and reach.

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 . 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:

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:

Page 10

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 March 2024

Approved by order of the members of the board of Trustees and signed on their behalf by:

cc ................................................ 8242EECDF685480... by: P Bowden Chair of Trustees Date: 27/3/2025

Page 11

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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 2024 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:

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 12

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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:

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 13

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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. 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.

Based on our understanding of the Group and industry, we identify the key laws and regulations affecting the Group. We have identified that the principal risk of fraud or non-compliance with laws and regulations related to:

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:

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.

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Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

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: 27/3/2025

PKF Smith Cooper Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 15

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Consolidated Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024

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/(losses)
Other recognised gains/(losses):
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
2024
£
55,048
1,335,939
241,525
1,999
3,416
1,637,927
181,323
1,592,696
1,774,019
(136,092)
(7,477)
(143,569)
-
(143,569)
524,051
(143,569)
380,482		 Restricted
funds
2024
£
47,000
120,584
-
-
-
167,584
-
253,930
253,930
(86,346)
7,477
(78,869)
-
(78,869)
1,340,953
(78,869)
1,262,084		 Total
funds
2024
£
102,048
1,456,523
241,525
1,999
3,416
1,805,511
181,323
1,846,626
2,027,949
(222,438)
-
(222,438)
-
(222,438)
1,865,004
(222,438)
1,642,566		 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

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 20 to 42 form part of these financial statements.

Page 16

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee) Registered number: 2866265

Consolidated balance sheet As at 31 March 2024

2024 2024 2023
Note £ £
Fixed assets
Intangible assets 13 35,856 49,296
Tangible assets 14 1,307,590 1,423,373
1,343,446 1,472,669
Current assets
Stocks 17 12,265 9,563
Debtors 18 238,000 112,039
Cash at bank and in hand 467,262 589,112
717,527 710,714
Creditors: amounts falling due within one
year 19 (418,407) (318,379)
Net current assets 299,120 392,335
Total net assets 1,642,566 1,865,004
Charity funds
Restricted funds 20 1,262,084 1,340,953
Unrestricted funds 20 380,482 524,051
Total funds 1,642,566 1,865,004

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:

................................................ cc8242EECDF685480... by: P Bowden Chair of Trustees Date: 27/3/2025

The notes on pages 20 to 42 form part of these financial statements.

Page 17

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee) Registered number: 2866265

Company balance sheet As at 31 March 2024

2024 2024 2023
Note £ £
Fixed assets
Intangible assets 13 35,856 49,296
Tangible assets 14 1,307,590 1,423,373
Investments 15 1 1
1,343,447 1,472,670
Current assets
Debtors 18 223,810 120,448
Cash at bank and in hand 449,956 550,434
673,766 670,882
Creditors: amounts falling due within one
year 19 (381,445) (292,836)
Net current assets 292,321 378,046
Total net assets 1,635,768 1,850,716
Charity funds
Restricted funds 20 1,262,084 1,340,953
Unrestricted funds 20 373,684 509,763
Total funds 1,635,768 1,850,716

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:

................................................ cc P Bowden 8242EECDF685480... by: Chair of Trustees Date: 27/3/2025

The notes on pages 20 to 42 form part of these financial statements.

Page 18

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Consolidated statement of cash flows
for the year ended 31 March 2024
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		 2024
£
(107,714)
(16,135)
1,999
(14,136)
(121,850)
589,112
467,262		 2023
£
114,236
(336,982)
594
(336,388)
(222,152)
811,264
589,112

The notes on pages 20 to 42 form part of these financial statements

Page 19

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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 2024 the company generated a deficit of £214,948 (2023: Surplus of £61,576).

Going concern

The Trustees have reviewed latest management information, budgets and forecast cashflows to 31 March 2026. 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 Trusteesnamed on page 1. In the event of the company being wound up, the liability in respect of theguarantee is limited to £1 per member of the company.

Page 20

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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 21

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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:

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

Page 22

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. Accounting policies (continued)

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.

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:

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 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.

1.14 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.

Page 23

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. Accounting policies (continued)

1.15 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.

1.16 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.

1.17 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.

1.18 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.

It is the Trust’s policy that a whole collection valuation will be undertaken every 3 years. A sample valuation of high value objects will be undertaken annually to assess whether valuation adjustments need to be made. The Head of Collections and Research, who is considered to be suitably qualified, will undertake the valuations of the collections and will seek external advice if deemed necessary.

1.19 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 24

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

1. Accounting policies (continued)

1.20 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
2024
£
Donations
34,253
Similar incoming resources
20,795
55,048
Total 2023
47,702		 Restricted
funds
2024
£
47,000
-
47,000
-		 Total
funds
2024
£
81,253
20,795
102,048
47,702		 Total
funds
2023
£
18,886
28,816
47,702

Page 25

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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
2024
£
Trading income
Sales
241,525
241,525
Trading expenses
Opening stock
(9,563)
Closing stock
12,265
Direct shop and cafe costs
(32,862)
Direct corporate costs
(62,153)
Administrative expenses
(32,476)
Wages and salaries
(51,695)
Employers NI
(3,870)
Fundraising trading expenses - Pensions
(969)
(181,323)
Net income from trading activities
60,202
Investment income
Unrestricted
funds
2024
£
Investment income
1,999
Total 2023
594		 Total
funds
2024
£
241,525
241,525
(9,563)
12,265
(32,862)
(62,153)
(32,476)
(51,695)
(3,870)
(969)
(181,323)
60,202
Total
funds
2024
£
1,999
594		 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
2023
£
594

4. Investment income

Page 26

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

5. Income from charitable activities

Unrestricted
funds
2024
£
Admission fees
748,448
Rental Income
115,425
Schools and education income
227,650
National Portfolio Organisations income
244,416
Esmee Fairbairn income
-
Museum Estate and Development Fund –
ACE
-
Choices and Consequences income
-
NHLF reframed income
-
Other grant income
-
1,335,939
Total 2023
1,199,742		 Restricted
funds
2024
£
-
-
150
-
15,671
10,368
9,875
84,520
-
120,584
382,644		 Total
funds
2024
£
748,448
115,425
227,800
244,416
15,671
10,368
9,875
84,520
-
1,456,523
1,582,386		 Total
funds
2023
£
623,047
108,455
223,868
244,416
39,560
332,610
9,174
-
1,256
1,582,386

6. Other incoming resources

Consultancy and other income
Total 2023		 Unrestricted
funds
2024
£
3,416
235		 Total
funds
2024
£
3,416
235		 Total
funds
2023
£
235

Page 27

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Cost of charitable activities
1,592,696
Total 2023
1,399,061		 Restricted
funds
2024
£
253,930
217,785		 Total
2024
£
1,846,626
1,616,846		 Total
2023
£
1,616,846

8. Analysis of expenditure by activities

Cost of charitable activities
Total 2023		 Activities
undertaken
directly
2024
£
922,055
863,365		 Support
costs
2024
£
924,571
753,481		 Total
funds
2024
£
1,846,626
1,616,846		 Total
funds
2023
£
1,616,846

Analysis of direct costs

Staff costs
Marketing
Exhibition
Community
Education and learning
Total 2023		 Cost of
charitable
activities
2024
£
688,302
56,427
59,243
69,535
48,548
922,055
863,365		 Total
funds
2024
£
688,302
56,427
59,243
69,535
48,548
922,055
863,365		 Total
funds
2023
£
620,454
52,128
65,645
49,537
75,601
863,365

Total 2023

Page 28

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation and amortisation
Office
Property
Total 2023		 Cost of
charitable
activities
2024
£
327,143
145,358
312,562
139,508
924,571
753,481		 Total
funds
2024
£
327,143
145,358
312,562
139,508
924,571
753,481		 Total
funds
2023
£
324,499
135,284
130,670
163,028
753,481

The total value of legal services donated to the Trust during the year was £2,030 (2023 - £2,065).

9. Auditors' remuneration

The Auditors' remuneration for the group amounts to total audit fees of £30,920 (2023 - £27,650) and fees for non-audit services of £1,740 (2023 - £950).

Page 29

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

Expenses waived by Trustees totalled £Nil (2023 - £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
2024
£
979,741
72,824
19,414
1,071,979		 Group
2023
£
917,616
59,452
17,532
994,600		 Company
2024
£
928,046
68,954
18,445
1,015,445		 Company
2023
£
872,346
55,907
16,700
944,953

During the year, statutory redundancy pay of £nil (2023: £1,949) was paid.

The average number of persons employed during the year was as follows:

Group Group Company Company
2024 2023 2024 2023
No. No. No. No.
Employees 70 64 70 64

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
No. No.
In the band £60,001 - £70,000 - 1
In the band £70,001 - £80,000 1 -

The total amount of employee benefits received by key management personnel is £331,443 (2023: £225,469).

The number of hours of time donated by general volunteers during the year is approximately 1,247 hours (2023: 711 hours). This has an approximate value of £15,024 (2023: £8,259) 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 30

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

13.
Intangible assets
Group and Company
Cost
At 1 April 2023
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Website /
Software
Development
£
67,248
67,248
17,952
13,440
31,392
35,856
49,296

Page 31

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

14. Tangible fixed assets

Group

Cost & valuation
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Freehold
property
£
1,697,592
-
-
1,697,592
1,572,619
28,030
-
1,600,649
96,943
124,973		 Long-term
leasehold
property
£
1,557,914
-
-
1,557,914
1,047,762
76,128
-
1,123,890
434,024
510,152		 Office
equipment
£
443,742
16,135
(7,283)
452,594
408,445
21,441
(7,283)
422,603
29,991
35,297		 Fixtures,
fittings and
resources
£
87,559
-
-
87,559
60,645
6,319
-
66,964
20,595
26,914		 Heritage
assets
£
726,037
-
-
726,037
-
-
-
-
726,037
726,037		 Total
£
4,512,844
16,135
(7,283)
4,521,696
3,089,471
131,918
(7,283)
3,214,106
1,307,590
1,423,373

Page 32

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

14. Tangible fixed assets (continued)

Company

Cost & valuation
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Exhibition
assets
£
1,697,592
-
1,697,592
1,572,619
28,030
1,600,649
96,943
124,973		 Leasehold
improvements
£
1,557,914
-
1,557,914
1,047,762
76,128
1,123,890
434,024
510,152		 Office
equipment
£
412,021
16,135
428,156
376,724
21,441
398,165
29,991
35,297		 Fixtures,
fittings and
resources
£
87,559
-
87,559
60,645
6,319
66,964
20,595
26,914		 Heritage
assets
£
726,037
-
726,037
-
-
-
726,037
726,037		 Total
£
4,481,123
16,135
4,497,258
3,057,750
131,918
3,189,668
1,307,590
1,423,373

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 addtion 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 Trustees believe the carrying value of £726,037 represents the open market value as at 31 March 2024.

Page 33

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

15. Fixed asset investments

Company
Cost or valuation
At 1 April 2023
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 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 2024: £48,520 Total liabilities as at 31 March 2024: £(41,721) Total equity as at 31 March 2024: £6,799 Turnover for the year ended 31 March 2024: £241,525 Expenditure for the year ended 31 March 2024: £(181,323) Profit for the year ended 31 March 2024: £60,202

Page 34

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

17. Stocks

Group Group
2024 2023
£ £
Shop and corporate stock 12,265 9,563

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2024
£
44,982
-
25,629
167,389
238,000		 Group
2023
£
90,228
-
17,116
4,695
112,039		 Company
2024
£
26,731
4,759
24,931
167,389
223,810		 Company
2023
£
72,056
26,581
17,116
4,695
120,448

19. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2024
£
186,328
26,875
10,015
195,189
418,407		 Group
2023
£
64,741
22,977
7,553
223,108
318,379		 Company
2024
£
177,677
26,228
10,015
167,525
381,445		 Company
2023
£
59,046
18,003
7,553
208,234
292,836

Page 35

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

20. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Designated fund - NPO
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
National Lottery Heritage fund -
Reframed
Standing in this place
Total of funds		 Balance at 1
April 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		 Income
£
1,151,986
244,416
-
241,525
1,637,927
-
150
-
-
9,875
-
15,671
-
10,368
84,520
47,000
167,584
1,805,511		 Expenditure
£
(1,339,284)
(249,384)
(4,028)
(181,323)
(1,774,019)
-
(27,693)
(53,598)
(6,900)
(12,209)
(8,436)
(23,200)
(1,750)
(37,122)
(83,022)
-
(253,930)
(2,027,949)		 Transfers
in/out
£
67,692
(7,477)
-
(67,692)
(7,477)
-
-
-
-
-
-
7,477
-
-
-
-
7,477
-		 Balance at
31 March
2024
£
245,403
124,179
4,101
6,799
380,482
726,037
5,258
159,800
28,171
4,393
7,592
390
32,083
249,862
1,498
47,000
1,262,084
1,642,566

Page 36

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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
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 37

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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.

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. The legacy of this project has continued into 23/24.

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.

National Lottery Heritage fund - Reframed – we were awarded £249,000 in May 2023 for a resilience project will run until June 2025. This is for a number of projects to test out new ideas and income streams to assist the charity in building a sustainable future.

Standing in this place, a new bronze statue was commissioned by NJM at a cost of £194,700, to be paid for by external funders.

Page 38

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

21. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 General funds
Restricted funds		 Balance at 1
April 2023
£
524,051
1,340,953
1,865,004
Income
£
1,432,507
382,644
1,815,151		 Income
£
1,637,927
167,584
1,805,511
Expenditure
£
(1,535,790)
(217,785)
(1,753,575)		 Expenditure
£
(1,774,019)
(253,930)
(2,027,949)
Transfers
in/out
£
148,407
(148,407)
-		 Transfers
in/out
£
(7,477)
7,477
-
Gains/
(Losses)
£
-
421,000
421,000		 Balance at
31 March
2024
£
380,482
1,262,084
1,642,566
Balance at
31 March
2023
£
524,051
1,340,953
Summary of funds - prior year
General funds
Restricted funds		 Balance at
1 April 2022
£
478,927
903,501
1,382,428
1,865,004

22. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
99,383
Intangible fixed assets
35,856
Current assets
612,952
Creditors due within one year
(367,709)
Total
380,482		 Restricted
funds
2024
£
1,208,207
-
104,575
(50,698)
1,262,084		 Total
funds
2024
£
1,307,590
35,856
717,527
(418,407)
1,642,566

Page 39

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

22. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior period

Unrestricted
funds
2023
Restricted
funds
2023
£
£
Tangible fixed assets
114,904
1,308,469
Intangible fixed assets
49,296
-
Current assets
603,566
107,148
Creditors due within one year
(243,715)
(74,664)
Total
524,051
1,340,953
23.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
£
Net income/expenditure for the period (as per Statement of Financial
Activities)
(222,438)
Adjustments for:
Depreciation charges
131,918
Amortisation charges
13,440
Decrease/(increase) in stocks
(2,702)
Increase in debtors
(125,961)
Increase/(decrease) in creditors
100,028
Interest received
(1,999)
Net cash provided by/(used in) operating activities
(107,714)		 Total
funds
2023
£
1,423,373
49,296
710,714
(318,379)
1,865,004
Group
2023
£
61,576
123,557
11,727
1,871
(38,746)
(45,155)
(594)
114,236

24. Analysis of cash and cash equivalents

Group Group
2024 2023
£ £
Cash in hand 467,262 589,112

Page 40

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

25. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2023
£
589,112
589,112		 Cash flows
£
(121,850)
(121,850)		 At 31 March
2024
£
467,262
467,262

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 £19,414 (2023 - £17,532). Contributions totalling £4,589 (2023 - £3,821) were payable to the fund at the balance sheet date.

27. Operating lease commitments

At 31 March 2024 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
2024
£
3,483
7,317
10,800		 Group
2023
£
3,731
10,800
14,531		 Company
2024
£
3,483
7,317
10,800		 Company
2023
£
3,731
10,800
14,531

28. Related party transactions

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 £Nil (2023: £1,500). There were no amounts outstanding at the year end (2023: £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 £Nil (2023: £960). There were no amounts outstanding at the year end (2023: £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 41

Docusign Envelope ID: 44F7CFE5-2154-4753-BEE2-6837CF736AC2

NATIONAL JUSTICE MUSEUM (A company limited by guarantee)

Notes to the financial statements for the year ended 31 March 2024

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 42