**Registered number: 03070670 Charity number: 1050792**
## **The National Football Museum**
**(A Company Limited by Guarantee)**
**Trustees' report and consolidated financial statements**
**For the Year Ended 31 March 2022**
**(A Company Limited by Guarantee)**
## **The National Football Museum**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 9|
|**Independent auditors' report on the financial statements**|10 - 13|
|**Consolidated statement of financial activities**|14|
|**Consolidated balance sheet**|15 - 16|
|**Charity balance sheet**|17 - 18|
|**Consolidated statement of cash flows**|19|
|**Notes to the financial statements**|20 - 41|
**The National Football Museum (A Company Limited by Guarantee)**
**Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 March 2022**
|**Trustees**|Mr S Barker|
|---|---|
||Ms J E Bateman|
||Professor J Brewer, Chair (appointed 27 January 2022)|
||Professor P Castle (appointed 10 June 2022)|
||Mr N C Fairlamb|
||Ms C A Forshaw (appointed 10 June 2022)|
||Mr S R Grace (appointed 10 June 2022)|
||Mr C A J Memmott OBE|
||Mr D J Moutrey (resigned 5 April 2022)|
||Mr M H Pilkington (appointed 10 June 2022)|
||Ms L Pye (appointed 10 June 2022)|
||Cllr L Rahman OBE (resigned 10 June 2022)|
||Ms M H Stevenson|
||Cllr A Stogia (appointed 10 June 2022)|
||Mr T E Watt (appointed 10 June 2022)|
||Dr W M Wyporska (appointed 10 June 2022)|
|**Company registered**
**number**
03070670
**Charity registered number**
1050792
**Registered office**
Urbis
Cathedral Gardens
Manchester
M4 3BG
**Independent auditors**
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors
Lancashire Gate
21 Tiviot Dale
Stockport
Cheshire
SK1 1TD
**Solicitors**
Brabners
7-8 Chapel Street
Preston
PR1 8AN||
Page 1
**The National Football Museum (A Company Limited by Guarantee)**
**Trustees' Report For the Year Ended 31 March 2022**
The Trustees, who are also Directors for the purpose of the Companies Act, have pleasure in presenting their annual report and the consolidated financial statements of the charity for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the current statutory requirements, the requirements of the charitable 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 (FRS102) (effective 1 January 2019).
## **Legal Status**
The National Football Museum (the Museum or NFM) is a charitable company limited by guarantee with registered charity number 1050792 and company number 03070670. Not having a share capital, the Museum is governed by its Memorandum and Articles of Association dated April 2018. The registered office is Urbis Building, Cathedral Gardens, Manchester, M4 3BG.
## **Main activities undertaken to further the Charity's purposes for the public benefit**
The Trustees confirm that they have complied with the duty under Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit, and the following paragraph describes the activities undertaken to deliver public benefit.
To advance education for the public benefit by managing and maintaining a museum collection and by bringing together a diverse range of people united by the common thread of the national game to share stories about football and promote tolerance and a culturally diverse society for the benefit of the public.
## **Current Position**
The purpose of the 2021-24 strategic plan is to direct the development of the National Football Museum (NFM) over three years, providing the framework to enable investment of the resources needed to achieve the organisation’s strategic vision.
## **What are we trying to achieve as a charity?**
To engage and entertain our visitors by providing cultural opportunities for them to share stories about football and explore the ‘game of our lives’.
## **What kind of charity do we want to be?**
A truly national museum that is recognised as a national and international authority on football heritage as well as a world class visitor attraction for the public and the local community.
## **What do we want to do for our visitors?**
We want to create activities, events and exhibitions and provide access to our collections.
Our strategy has been developed within the context of the environment and sectors the NFM works in, located in the city of Manchester and within the sectors of heritage, arts and football. As part of this, we have looked at possible changes that may take place within the life of the strategic plan such as a more diverse population and a need to source funding beyond our grant from Manchester City Council.
Moving from an understanding of the external environment the NFM works in we have, as part of this plan, carried out an internal analysis identifying our strengths, weaknesses, opportunities, and threats. This has led to us recognising our unique selling points and what sets us apart from our competitors.
Page 2
## **The National Football Museum**
**(A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
Simply put we are a multifaceted charity that uses football’s on-going heritage as a reference point for public and community engagement and our biggest assets are our collection of archives and artefacts, including the iconic building we operate in.
## **Our Mission is:**
Sharing stories about football.
We're the place for everyone to enjoy stories about football culture. It's our mission to hear those stories and tell them in an engaging and creative way.
## **Our Social Purpose is:**
Equal opportunity for all to enjoy football culture.
At the heart of the NFM is a museum, which incorporates the site of the Urbis building and its Galleries which each have a separate purpose and identity:
- Pitch Gallery on the ground floor, ‘Pop-Up’ photography and art space which also acts as an event and activity area under the lights and on the astro turf.
- Match Gallery on level 1 which houses our permanent exhibitions and tells the story of the game, its players, managers, grounds, fans and cups as well as incorporating the NFM cinema.
- Play Gallery on level 2. An agile kinaesthetic space focusing on the science and technology of modern football and where our visitors get the opportunity to play football in new innovative ways.
- Score Gallery on level 3 which acts as a special exhibition area.
- Communities Gallery on level 4 which is where our Communities programmes take place with schools and groups and on which Community exhibitions are co-produced over the summer.
Complementing our exhibitions and access to our collections both in Manchester and Preston each year, we run a series of events programmes for the public and the community, both with our in-house team and external practitioners.
## **Vision and Aims**
The Museum's strategic four-year vision is: To be a leading national museum (with 1 million visitors by 2024*), exploring why football is the game of our lives.
*Including virtual visitors
This purpose is delivered through four strategic aims:
- Aim 1: Become a centre of excellence for football heritage through fully representative exhibitions, collections, and research.
- Aim 2: Build an award-winning inclusive programme of Community activities.
- Aim 3: Improve the financial sustainability of the organisation by delivering exceptional visitor and stakeholder experience.
- Aim 4: Operate a Good Practice model for our physical and human resources.
## **Stakeholders**
The support of a range of organisations and individuals has been, and will continue to be, vital to the achievement of the Museum's unique mission. The Museum works in close partnership with a wide range of organisations, from local and regional, to national and international bodies. These include community groups, heritage organisations, tourism bodies, football organisations, businesses and universities.
Manchester City Council (MCC) is the key stakeholder and a strategic partner of the Museum. The partnership with MCC enabled the Museum to come to Manchester in 2012. We are delighted that MCC Executive Committee has agreed to a new 25 year lease on the building in Manchester, alongside a new three year funding grant, both to commence on 1 April 2022.
Page 3
**The National Football Museum**
**(A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
As part of the revitalised Hall of Fame initiative, the Museum has built up a panel of advisors from all the major football institutions and representatives from the games.
The objective is also to draw in diverse representation from individuals with skills and experience into advisory groups who will help support the Museum’s governance and develop a more representative culture.
We have developed a new initiative called the ‘Football Heritage Collection' whose mission is to bring together at the museum, and digitally, the canon of football’s history through the iconic items (objects, archives, and pictures) that best tell the story of our national game.
We have a Memorandum of Understanding with the Football Association that sets out an intention for the museum to work to curate their collection and display selected objects.
The Professional Footballers’ Association (The PFA) has been a strong supporter over the years, including sponsoring the Hall of Fame events and exhibition programmes. We have agreed a Memorandum of Understanding with the PFA to enable the museum to curate their collection.
The Museum purchased the FIFA Collection from FIFA, with grant funding from the Heritage Lottery Fund (HLF) and the North West Development Agency (NWDA). FIFA provided funding so that the Museum could purchase the world's finest collection of football books, which is known as the FIFA Book Collection. With the support of FIFA, items from the FIFA Collection have featured in over 25 exhibitions around the world, including during the 1998, 2002, 2006 and 2010 FIFA World Cup Finals.
Kick it Out is another organisation that the Museum has worked actively with over the years and there are new plans to work with them in association with their 25th anniversary. As part of this, discussions are taking place for the Museum to take on the Kick it Out Collection to support research, conservation and new exhibitions.
We are also building new relationships with organisations such as the Premier League Charitable Fund which shares our values and strategic priorities.
## **Structure, Governance and Management**
The Trustees meet four times per year. Reports from the Senior Leadership Team, who have been delegated day to day management of the Museum, are submitted to, and discussed at, each of these meetings. New Trustees can be appointed by ordinary resolution at these meetings. Trustees are appointed for a period of three years. Trustees can be reappointed but the Memorandum and Articles set out that no trustee may hold office for more than two terms (effective from April 2018).
The Trustees of the Museum are selected according to their skills and knowledge to aid the management of the Museum.
The Trustees have an Audit and Risk Committee, which meets at least annually with the auditors, and then as and when required. This is chaired by Mr C A J Memmott OBE.
There is a Nomination and Renumerations Committee which is chaired by Mr C A J Memmott OBE. This meets as and when required.
Details of the registered office, Trustees who served during the period, and principal officers and other relevant information is given on page 1.
Mr I R Penrose, who has been Chair for 5 years and a Trustee for more than nine years, resigned on 31 January 2022.
Following a Governance Review, Prof. Broomhead, Ms M J Digby, Mr N J Paske and Mr F A Ali, some of which have served nine year terms or more, resigned during the year, as did Mr D J Martland, the outgoing Company Secretary. Mr D J Moutrey and Cllr L Rahman OBE resigned after the end of the financial year.
Page 4
**The National Football Museum (A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
The Board would like to place on record their sincere thanks to the outgoing Chair and Trustees for their contributions.
The process to recruit Mr I R Penrose’s successor began in the Autumn with a sub-committee of three trustees working with an external recruitment agency, Perrett Laver, to identify both a suitable Chair and candidates for a diverse board of trustees with a wide range of experience. This process culminated with the appointment of Professor John Brewer as Chair in January 2022, along with an additional eight new board members.
The Trustees subsequently welcomed Prof. P Castle, Ms C A Forshaw, Mr S R Grace, Mr M H Pilkington, Ms L Pye, Cllr A Stogia, Mr T E Watt and Dr W M Wyporska to the Board in June 2022.
New trustees receive an induction pack along with biographies of senior staff and are encouraged to visit the museum to interact with colleagues. The induction pack includes an overview of the responsibilities of a Trustee, and we plan to conduct Trustee training during the year.
The Board would also like to record their appreciation of the work by museum staff during the year, particularly under the challenging circumstances that have resulted from the continuation of the COVID-19 pandemic, and to acknowledge the difficulties that those staff who were furloughed may have experienced.
## **Business Review**
The NFM has the world's largest public football collection over 40,000 objects and archives including the story of the early years of football. Through this collection the Museum explores why football is the game of our lives and the impact it has on society. This work is done through the permanent exhibitions which explore the history of the English game with both the national side and the English Leagues and our special exhibitions and interactions which stimulate stories about the impact of football.
Our collections currently stored at Preston North End Football Club, the original home of the museum, are a source of research and examination for academics and individual enquirers, and we encourage universities to generate studies to develop our collection and invest in our purpose and aims.
As a museum, our work is centred upon our collections and we endeavour to conserve, and curate those objects and archives that stimulate stories about football and will constitute the unique history of the world's greatest and most popular sport. As part of our strategic plan, we will make sure this is a fully representative history and that there is a constant drive for contemporary collecting with the support of the professional game and football bodies. We would also like to build a 'world changing' programme which displays objects to represent significant moments and actions from the global game.
The collection's Designation status was renewed in November 2017 under the scheme operated by Arts Council England (ACE). This means that the collection is officially recognised as being of national and international significance.
The Board of Trustees have overseen another difficult year with the numerous challenges presented to the National Football Museum, and the sector, by the impact of the pandemic. We are very pleased that, notwithstanding the severe impact of the pandemic, the Museum is in a good financial position, with a new strategic plan, to deliver on the opportunities ahead.
## **National Football Museum (NFM) Communities**
Linked to our new vision, the new focus is about attracting the community to the museum for specialist and inclusive activities.
The key impact areas of the department are inspiring learning about football’s diverse heritage, increasing participation in cultural activity and increasing representation from protected characteristics in the community.
NFM Communities currently has the following areas of delivery: Age Friendly, Families and Adults, Volunteers and Education.
Page 5
**The National Football Museum (A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
## **Volunteers**
The Museum’s limited opening hours has had an impact on the number of active volunteers. 55 (2021: 32) volunteers engaged in both Front of House and Communities & Collections roles, some of whom were remote volunteers.
## **Education**
NFM Communities offers a comprehensive programme of school sessions responding to the National Curriculum. In 2021/22 the most popular school sessions were Football & Local History, Lily Parr: History Maker, Early History of Football and Designer Balls.
In 2021/22 we recorded 143 (2021: 15) school visits, totalling 4,998 visitors. 17 of the school bookings were online sessions, a result of the team developing 3 online school sessions during lockdown.
The Communities team continues to produce content for the museum’s YouTube channel, the channel surpassing 500 subscribers in 2021/22.
## **Adult Provision**
2021/22 saw the reintroduction of the flagship annual Football Writing Festival in November 2021, with a hybrid offer of 2 online and 3 in-museum talks; totalling over 500 attendees.
The Museum continued its hybrid offer of fortnightly Sporting Memories sessions and began to welcome back local community groups in 2021/22. Combining online and in-person meet-ups, the museum achieved over 1000 instances of participation.
## **Heritage Assets Valuation**
Heritage assets are held on the balance sheet at a value of £1,248,357 (2021 £1,248,357). A professional valuation was completed in July 2021 which supported the carrying value on the balance sheet.
Heritage assets are initially recognised at the cost of purchase or the carrying amount of assets exchanged and any cash settlements made or payable at the date the charity assumed legal title or control of the acquired asset. Donated collection items are capitalised at their estimated market value. For further details on the accounting policy, see note 1.
## **Financial review**
## **Principal Risks and Uncertainties**
The Museum has a Risk Register, which is reviewed regularly. Risk is measured through a traffic lights system by likelihood of occurrence and impact. Amber risks are brought to the board with monitoring reports and responded to by Trustees if there are any changes.
The NFM’s board of trustees meets quarterly and assesses risks.
Principal risks for the Museum are:
## 1. Support from Manchester City Council
MCC has stated that they wish to reduce the level of the grant that the museum enjoys. Following a number of meetings between the leadership team and council officials, the Council’s Executive Committee has agreed a renewal of the grant for a further three year period, albeit at a lower level of financial support. The Council confirmed the level of funding for 2022/23.
The Urbis Building, in which the museum is housed, is leased to the museum by MCC for a peppercorn rent. MCC Executive has approved the renewal of the lease for a 25 year term from April 2022.
Page 6
**The National Football Museum (A Company Limited by Guarantee)**
## **Trustees' Report (continued) For the Year Ended 31 March 2022**
## 2. COVID-19
The museum experienced a number of local and national lockdowns due to the COVID-19 pandemic, meaning that we were only open to the public from 27 May 2021 onwards, and in most of that period for only 5 days per week. The direct impact was several weeks of lost visitor income. The longer terms effects on the economy are uncertain, but the reduction in international travel, and uncertainty in the UK economy may have an adverse impact on the number of people paying to visit the museum in the short to medium term.
## **General**
The financial statements for the Museum for the year ended 31 March 2022 highlight the ninth complete financial year of trading for the Museum at its home in Manchester and a consolidation of the trading company activity since the move from Preston to Manchester. All funding arrangements are in place and Manchester City Council will continue with a direct grant funding arrangement.
The national lockdown caused by the COVID-19 pandemic forced the museum to close to visitors for five months within the 2021/22 financial year, welcoming less than 79,000 visitors. The significant loss of visitor revenue was mitigated by:
- Use of reserves built up following the trustees’ decision to introduce a charging model in 2019
- Successful application of Culture Recovery Fund grant
- Use of the furlough scheme
- Careful management of business costs
- We are delighted to have been granted funding from the Culture Recovery Fund via the Arts Council: • £240k in round two, covering the period April 2021 to June 2021.
## **Results**
Total unrestricted income generated within the year was £2,532,662 (2021: £2,478,788) of which £1,450,000 (2021: £1,450,000) was received from Manchester City Council. The Museum met the balance of expenditure through small grants from other public bodies, and through trading and charitable activities particularly in its subsidiary.
## **Funding Issues and Financial Management**
The current funding arrangement with Manchester City Council runs to March 2022, but the Council’s Executive Committee has agreed a new 3 year grant agreement to run to March 2025. Financial policies and procedures have been introduced to protect profitability of the Museum, reduce fixed costs and improve monthly management reporting.
## **Pay policy for senior staff**
The Directors consider that the Charity's Trustees and the senior leadership team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. Details of Trustees' expenses and related party transactions are disclosed in notes to the accounts.
The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the Directors benchmark against pay levels in other museums of a similar size. The remuneration bench-mark is the mid-point of the range paid for similar roles adjusted for a weighting of up to 30% for any additional responsibilities. If recruitment has proven difficult a market addition is also paid with the maximum pay no greater than the highest benchmarked salary for a comparable role.
In 2019 the leadership team instructed Croner to do a review of all salaries and wages across the organisation and recommend entry and target bands as bench-marked against other cultural organisations, locally and nationally. The recommendations of the review were implemented during 2019/20.
## **Subsidiary company**
The Museum owns the whole of the issued share capital of the National Football Museum at Urbis (Trading) Limited, a company registered in England and Wales. The subsidiary undertakes a number of commercial activities for the Museum. They include retail, catering, corporate hospitality, commercial sponsorship, image rights and licensing and publication royalties.
Page 7
**The National Football Museum**
**(A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
## **Heritage assets**
The Museum owns six collections of major historical significance. Details of the individual collections are included within note 15 to the accounts.
## **Reserves policy**
The Museum has a number of restricted funds, the majority of which relate to specific capital expenditure and collections. The purpose of these funds is detailed in note 21 in the financial statements and summarises the period's movements on each fund.
The Museum is striving to achieve general reserves equivalent to at least six months running costs in order to effectively manage unforeseen circumstances.
## **Going concern**
In carrying out their duties in respect of going concern, the trustees have carried out a review of the charity’s financial position and cash flow forecast for a period of 12 months from the date of approval of these financial statements. The forecasts have been based on a comprehensive review of revenue, expenditure and cash flows, taking into account specific business risks and the uncertainties brought about by the current economic environment.
To ensure the continuation of the Charity, the trustees regularly review the cash flows of the Charity both in the short and medium term, have a thorough approach to managing the working capital, and hold regular reviews, which include an assessment of any bad debt risk or impairment concerns. This is supported by regular monitoring of key performance drivers.
After making appropriate enquiries, the Trustees have a reasonable expectation given past performance and reserves levels that the Museum has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **Future developments**
The main focus will be to continue to put a value on the NFM’s services through the charging model and gain funding and sponsorship to achieve the new strategic plan. With a more clearly defined purpose the NFM is set to become the place to be to share stories about football and deliver both community and public programmes which will make a difference to our visitors both in Manchester but also digitally around the country and the world.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Charity 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 Charity 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 judgements 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.
Page 8
## **The National Football Museum**
**(A Company Limited by Guarantee)**
**Trustees' Report (continued) For the Year Ended 31 March 2022**
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditor**
The auditors, Hurst Accountants Limited, have indicated their willingness to continue in office.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Professor J Brewer** (Chair of Trustees) Date: 28 Oct 2022
Page 9
**The National Football Museum (A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The National Football Museum**
## **Opinion**
We have audited the financial statements of The National Football Museum (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2022 which comprise the Consolidated statement of financial activities, the Consolidated Balance Sheet, the Charity 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 2022 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 Companies Act 2006 and 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 10
**The National Football Museum (A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The National Football 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.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' Report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of Trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
## **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.
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**The National Football Museum (A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The National Football Museum (continued)**
## **Auditors' responsibilities for the audit of the financial statements**
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:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
## **Identifying and assessing potential risks related to irregularities**
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
- The nature of the industry and sector in which the company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.
- The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.
- Supporting documentation relating to the Company's policies and procedures for:
- Identifying, evaluating, and complying with laws and regulations
- Detecting and responding to the risks of fraud
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
- The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, Charities SORP, Charities Act 2011, Charity Commission, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, and Anti-bribery and Corruption.
## **Audit response to risks identified**
Our procedures to respond to the risks identified included the following:
- Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
- Evaluation and testing of the operating effectiveness of management’s controls designed to prevent and detect irregularities.
- Enquiring of management about any actual and potential litigation and claims.
- Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.
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**The National Football Museum (A Company Limited by Guarantee)**
## **Independent auditors' report to the Members of The National Football Museum (continued)**
We have also considered the risk of fraud through management override of controls by:
- Testing the appropriateness of journal entries and other adjustments. We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error.
- Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
- Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
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.
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, 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.
## HABesantRoberts
## **Helen Besant-Roberts (Senior statutory auditor)**
for and on behalf of **Hurst Accountants Limited** Chartered Accountants & Statutory Auditors Statutory Auditors Lancashire Gate 21 Tiviot Dale Stockport Cheshire SK1 1TD
Date: 28 Oct 2022
Page 13
**(A Company Limited by Guarantee)**
## **The National Football Museum**
## **Consolidated Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2022**
|**Note**
**Income from:**
Donations and legacies
4
Charitable activities
5
Trading activities
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
9
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
21
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**47,149**
**2,174,302**
**310,853**
**358**
**2,532,662**
**206,945**
**1,892,873**
**2,099,818**
**432,844**
**17,508**
**450,352**
**803,331**
**450,352**
**1,253,683**|**Restricted**
**funds**
**2022**
**£**
**-**
**364,961**
**-**
**-**
**364,961**
**-**
**439,560**
**439,560**
**(74,599)**
**(17,508)**
**(92,107)**
**1,512,958**
**(92,107)**
**1,420,851**|**Total**
**funds**
**2022**
**£**
**47,149**
**2,539,263**
**310,853**
**358**
**2,897,623**
**206,945**
**2,332,433**
**2,539,378**
**358,245**
**-**
**358,245**
**2,316,289**
**358,245**
**2,674,534**|_Total_
_funds_
_2021_
_£_
_6,357_
_2,504,469_
_110,064_
_9,495_
_2,630,385_|
|---|---|---|---|---|
|||||_90,006_
_2,096,834_
_2,186,840_|
|||||_443,545_
_-_
_443,545_|
|||||_1,872,744_
_443,545_
_2,316,289_|
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 20 to 41 form part of these financial statements.
Page 14
**The National Football Museum (A Company Limited by Guarantee) Registered number: 03070670**
|**Consolidated Balance Sheet**
**As at 31 March 2022**|**Consolidated Balance Sheet**
**As at 31 March 2022**|**Consolidated Balance Sheet**
**As at 31 March 2022**|||
|---|---|---|---|---|
|**Note**
**Fixed assets**
Tangible assets
14
Heritage assets
15
**Current assets**
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one year
19
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than
one year
20
**Total net assets**
**Charity funds**
Restricted funds
21
Unrestricted funds
21
**Total funds**|**26,320**
**172,235**
**1,248,576**
**1,447,131**
**(276,102)**|**2022**
**£**
**654,648**
**1,248,857**
**1,903,505**
**1,171,029**
**3,074,534**
**(400,000)**
**2,674,534**
**1,420,851**
**1,253,683**
**2,674,534**|_32,258_
_478,914_
_750,209_
_1,261,381_
_(399,943)_|_2021_
_£_
_606,494_
_1,248,357_
_1,854,851_
_861,438_
_2,716,289_
_(400,000)_
_2,316,289_
_1,512,958_
_803,331_
_2,316,289_|
Page 15
**The National Football Museum (A Company Limited by Guarantee) Registered number: 03070670**
**Consolidated Balance Sheet (continued) As at 31 March 2022**
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:
................................................
**Prof. J Brewer** (Chair of Trustees) Date: 28 Oct 2022
The notes on pages 20 to 41 form part of these financial statements.
Page 16
**The National Football Museum (A Company Limited by Guarantee) Registered number: 03070670**
## **Charity Balance Sheet As at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
14
Heritage assets
15
Investments
16
**Current assets**
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one year
19
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than
one year
20
**Total net assets**
**Charity funds**
Restricted funds
21
Unrestricted funds
21
**Total funds**|**349,290**
**1,073,709**
**1,422,999**
**(251,971)**|**2022**
**£**
**654,648**
**1,248,857**
**1**
**1,903,506**
**1,171,028**
**3,074,534**
**(400,000)**
**2,674,534**
**1,420,351**
**1,254,183**
**2,674,534**|_544,380_
_711,984_
_1,256,364_
_(328,835)_|_2021_
_£_
_606,494_
_1,248,357_
_1_|
|---|---|---|---|---|
|||||_1,854,852_
_927,529_|
|||||_2,782,381_
_(400,000)_
_2,382,381_
_1,512,958_
_869,423_
_2,382,381_|
The Charity's net movement in funds for the year was £392,730 (2021 - £438,452).
Page 17
**The National Football Museum (A Company Limited by Guarantee) Registered number: 03070670**
**Charity Balance Sheet (continued) As at 31 March 2022**
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:
................................................
**Prof. J Brewer** (Chair of Trustees) Date: 28 Oct 2022
The notes on pages 20 to 41 form part of these financial statements.
Page 18
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Consolidated Statement of Cash Flows For the Year Ended 31 March 2022**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Purchase of tangible fixed assets and heritage assets
**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**|**2022**
**£**
**587,028**
**51**
**(88,712)**
**(88,661)**
**498,367**
**750,209**
**1,248,576**|_2021_
_£_
_229,164_|
|---|---|---|
|||_185_
_(6,422)_
**(6,237)**|
|||**222,927**
_527,282_
_750,209_|
The notes on pages 20 to 41 form part of these financial statements
Page 19
**The National Football Museum (A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2022**
## **1. General information**
The National Football Museum (NFM) is a charitable company limited by guarantee with the registered charity number 1050792 and company number 03070670. Not having a share capital, the museum is governed by its Memorandum and Articles of Association dated April 2018. The registered office is Urbis, Cathedral Gardens, Manchester, M4 3BG.
The principal activity of the group is raising money to support the project and programmes of The National Football Museum.
## **2. Accounting policies**
## **2.1 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.
The National Football 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 Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.
The Charity meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of its separate financial statements in relation to presentation of a cash flow statement.
## **2.2 Going concern**
The financial statements are prepared on a going concern basis which the trustees believe to be appropriate for the following reasons.
The trustees have prepared projected cash flow information for the period ending twelve months from the date of their approval of these financial statements which indicate that, taking account of reasonably possible downsides, the group and company will have sufficient funds to meet their liabilities as they fall due for that period.
The group is reliant on income in the form of grant funding from Manchester City Council (MCC) to sustain its operations. MCC’s Executive Committee has agreed that the grant would be renewed for a further period of 3 years from 1 April 2022 at a level sufficient to meet the group’s and company’s liabilities as they fall due.
Based on their enquiries, the trustees believe that it remains appropriate to prepare the financial statements on a going concern basis.
Page 20
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.3 Income**
Grant and other similar income is credited to the statement of financial activities as it becomes due, gross of income tax where applicable. Restricted income relates to amounts which are received for a specific purpose and is matched to related expenditure in the statement of financial activities. Restricted grants are classified as charitable activities.
Donations and all other receipts from fundraising are reported gross and the related fundraising costs are reported in other expenditure. Cash collections to which the charity is entitled but which it has not received by the year end are included in incoming resources in the statement of financial activities and shown as debtors inthe balance sheet. Investment income is accounted for when receivable.
Grants relating to fixed asset purchases are credited in full to the statement of financial activities in the year in which they are receivable. Where the obligation attached to the grant income is fully met by purchasing the relevant capital items, the fund balance is transferred to unrestricted funds.
Trading income comprises Royalties and image sales, sponsorship, shop takings, commissions, room hire and interactive sales, it is included at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
## **Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), no amounts are included in the financial statements for services donated by volunteers.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity 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.
Page 21
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
## **Fund accounting**
Expenditure has been charged to the statement of financial activities on an accruals basis. Expenditure relating directly to the objects of the charitable group is allocated as costs of operating the Museum with central administration costs allocated to the management and administration of the charitable group.
Exhibition costs which relate to short term or temporary exhibitions are expended in the statement of financial activities in the year in which they arise.
Expenditure is classified under the following activities:
- Expenditure on raising funds are those costs incurred in attracting voluntary income, fundraising and trading activities undertaken by the subsidiaries.
- Expenditure on charitable activities are those costs incurred in running and operating the charitable Museum.
- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These include support and governance costs as allocated within note 10.
The group has a number of restricted income funds to account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.
All other funds are unrestricted income funds which are available for use in furtherance of the general objectives of the charity. Designated funds are unrestricted funds set aside for particular purposes.
Where a grant or donation is received to fund a capital item or where an asset is donated, if there is an obligation relating to the future use or retention of the relevant asset, the balance relating to that asset is held within restricted funds as long as that restriction exists. Where there is no such restriction, the restricted income relating to the purchase of capital items is transferred to unrestricted funds in the Statement of Financial Activities.
## **2.5 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.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed 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.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 22
**The National Football Museum**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.6 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Leasehold improvements Over 10 years - Plant & Office Equipment Over 5 years - IT Equipment Over 3 years Permanent Exhibitions - Over 5 and 7 years
Exhibition costs which relate to long term museum exhibition stands and displays are capitalised in the balance sheet.
## **Impairment**
At each reporting period end date, the Charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.
Recoverable amount is the higher of fair value less costs to sell and value in use.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in Statement of Financial Activities.
## **2.7 Heritage assets**
Heritage assets comprise collection items displayed throughout the Museum. Purchased items are capitalised and included at cost. Donated collection items are capitalised at their estimated market value.
It is the responsibility of the Museum to preserve the collection items for the benefit of the nation and due to their nature, they are expected to have a long life. Depreciation is therefore not charged on collection items which have been capitalised. Impairment reviews are carried out frequently inrespect of such assets. The policy for acquisition, preservation, management, and disposal of heritage assets includes records maintained by the entity of its collection of heritage assets and information on the extent access to the assets is permitted.
The carrying amount of heritage assets at the beginning of the financial period and at the balance sheet date, are reported at fair value including an analysis between classes or groups of relevant heritage assets. For assets purchased since the last valuation fair value is deemed to be cost. There has been an external valuation carried out by Art & Antiques Appraisals, finalised 22 July 2021. The collection has been valued at a mid-estimated auction value. We have no reason to believe that there has been a material change in value since the last official valuation.
Page 23
**The National Football Museum**
**(A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.8 Investments**
In the parent company financial statements, investments in subsidiaries and associated are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
## **2.9 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit and loss.
## **2.10 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.
## **2.11 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.
## **2.12 Liabilities and provisions**
Liabilities 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.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.
## **2.13 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.
Page 24
**The National Football Museum (A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **2. Accounting policies (continued)**
## **2.14 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.
## **2.15 Pensions**
The group operates group personal pension arrangements. Contributions payable are charged to the Statement of Financial Activities in the year they are payable.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2.16 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.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
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.
## **2.17 Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **3. Critical accounting estimates and areas of judgement**
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Page 25
## **The National Football Museum**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **4. Income from donations and legacies**
|Donations and voluntary income
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
47,149
_6,357_|**Total**
**funds**
**2022**
**£**
**47,149**
_6,357_|_Total_
_funds_
_2021_
_£_
_6,357_|
|---|---|---|---|
|||||
## **5. Income from charitable activities**
|Grant income
Admissions and other income
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
1,538,730
635,572
2,174,302
_1,965,232_|**Restricted**
**funds**
**2022**
**£**
364,961
-
364,961
_539,237_|**Total**
**funds**
**2022**
**£**
**1,903,691**
**635,572**
**2,539,263**
_2,504,469_|_Total_
_funds_
_2021_
_£_
_2,446,977_
_57,492_
_2,504,469_|
|---|---|---|---|---|
||||||
Page 26
**The National Football Museum**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **6. Income from other trading activities**
## **Income from non charitable trading activities**
|Sponsorship
Shop Takings
Interactive Sales
Royalties and Image Sales
Online Shop Takings
Events Revenue
_Total 2021_
**Other incoming resources**
Tax refund
Bank interest
Sale of assets
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
33,333
133,635
4,153
11,569
38,070
90,093
310,853
_110,064_
**Unrestricted**
**funds**
**2022**
**£**
7
51
300
358
_9,495_|**Total**
**funds**
**2022**
**£**
**33,333**
**133,635**
**4,153**
**11,569**
**38,070**
**90,093**
**310,853**
_110,064_
**Total**
**funds**
**2022**
**£**
**7**
**51**
**300**
**358**
_9,495_|_Total_
_funds_
_2021_
_£_
_29,167_
_76,126_
_849_
_2,630_
_-_
_1,292_
_110,064_|
|---|---|---|---|
||||_Total_
_funds_
_2021_
_£_
_9,310_
_185_
_-_
_9,495_|
|||||
## **7. Other incoming resources**
Page 27
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **8. Expenditure on raising funds**
## **Expenditure on raising funds**
|Cost of sales
Rates
Wages and National Insurance
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
103,466
5,102
98,377
206,945
_90,006_|**Total**
**funds**
**2022**
**£**
**103,466**
**5,102**
**98,377**
**206,945**
_90,006_|_Total_
_funds_
_2021_
_£_
_56,094_
_(55,954)_
_89,866_
_90,006_|
|---|---|---|---|
## **9. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Governance and support costs (note 10)
Exhibition and project costs
Office and premises costs
Depreciation
Professional services
Bank and other charges
Collections costs
Gas, electric and water
Cleaning and maintenance
Marketing and communications
Wages, NI and Pensions
_Total 2021_|**Unrestricted**
**funds**
**2022**
**£**
157,597
52,520
143,091
22,451
247,808
8,954
25,546
221,487
212,625
48,144
752,650
1,892,873
_2,044,227_|**Restricted**
**funds**
**2022**
**£**
-
99,269
3,000
17,607
-
-
2,000
-
-
25,000
292,684
439,560
_52,607_|**Total**
**funds**
**2022**
**£**
**157,597**
**151,789**
**146,091**
**40,058**
**247,808**
**8,954**
**27,546**
**221,487**
**212,625**
**73,144**
**1,045,334**
**2,332,433**
_2,096,834_|_Total_
_funds_
_2021_
_£_
_189,490_
_46,071_
_107,232_
_40,685_
_196,507_
_3,961_
_41,840_
_87,718_
_154,312_
_60,242_
_1,168,776_
_2,096,834_|
|---|---|---|---|---|
Page 28
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **10. Support and governance costs**
|Wages and national insurance
Audit and accountancy
Insurance|**Support**
**£**
**123,561**
**-**
**-**
**123,561**|_Governance_
_£_
_-_
_29,793_
_4,752_
_34,545_|
|---|---|---|
## **11. Auditors' remuneration**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's auditor in respect of:|||
|Audit of the Company|**13,750**|_24,990_|
|Audit and accounts fees (group excluding the company)|**5,500**|_15,375_|
## **12. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes|**Group**
**2022**
**£**
**1,090,241**
**88,635**
**88,396**
**1,267,272**|_Group_
_2021_
_£_
_1,202,286_
_91,937_
_94,917_
_1,389,140_|**Company**
**2022**
**£**
**1,090,241**
**88,635**
**88,396**
**1,267,272**|_Company_
_2021_
_£_
_1,202,286_
_91,937_
_94,917_
_1,389,140_|
|---|---|---|---|---|
The average number of persons employed by the Charity during the year was as follows:
|Collections and learning
Visitor experience
Operations|**Group**
**2022**
**No.**
**11**
**35**
**14**
**60**|_Group_
_2021_
_No._
_13_
_34_
_13_|
|---|---|---|
|||_60_|
Page 29
**The National Football Museum (A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **12. Staff costs (continued)**
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||**Group**|_Group_|
|---|---|---|---|
|||**2022**|_2021_|
|||**No.**|_No._|
|In the band £80,001|- £90,000|**1**|_1_|
|In the band £90,001|- £100,000|**1**|_1_|
Key management personnel were paid total employee benefits of £322,299 (2021: £332,712) during the year. Key management includes the Senior Leadership Team of four people (2021: four).
One of the pension schemes available to employees has a salary sacrifice option. Where employees choose this option the pension payments made are all treated as employer’s pension costs.
The cost of insurance to indemnify the trustees against the consequences of any neglect of default on their part amounted to £4,752 (2021: £1,479).
## **13. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 March 2022, expenses totalling _£_ 403 were reimbursed or paid directly to 2 Trustees _(2021 - £_ Nil) in relation to travelling expenses incurred attending trustee meetings.
Page 30
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **14. Tangible fixed assets**
## **Group and Company**
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_|**Leasehold**
**improvements**
**£**
**591,322**
**-**
**591,322**
**17,607**
**17,607**
**35,214**
**556,108**
_573,715_|**Plant &**
**Office**
**Equipment**
**£**
**291,990**
**38,183**
**330,173**
**291,990**
**3,310**
**295,300**
**34,873**
_-_|**IT equipment**
**£**
**23,704**
**13,333**
**37,037**
**8,796**
**9,664**
**18,460**
**18,577**
_14,908_|**Permanent**
**Exhibitions**
**£**
**114,010**
**36,696**
**150,706**
**96,139**
**9,477**
**105,616**
**45,090**
_17,871_|**Total**
**£**
**1,021,026**
**88,212**
**1,109,238**|
|---|---|---|---|---|---|
||||||**414,532**
**40,058**
**454,590**|
||||||**654,648**
_606,494_|
Page 31
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **15. Heritage assets**
## **Group and Charity**
## **Assets recognised at cost**
|Carrying value at 1 April 2021
Additions
**Carrying value at 31 March 2022**|**Heritage**
**assets**
**£**
1,248,357
500
1,248,857|**Total**
**£**
**1,248,357**
**500**
**1,248,857**|
|---|---|---|
## **The FIFA Langton Collection**
The collection was acquired in 1999 from FIFA with the assistance of a grant from the Heritage Lottery Fund. The collection reflects all aspects of the history of English football, the ancient and medieval forerunners of the modern game, and also the development of the game around the world. The collection includes paintings, drawings and prints, photographs and posters, playing kit and equipment, metal sculpture, fine metal and ceramic decorative items, toys and games, books and ephemera.
## **The People's Collection**
This collection consists of thousands of items donated by supporters, players and other individuals related to the game. It is tangible evidence of the extensive public support which the Museum has attracted. It offers an extraordinarily rich and diverse social history of the game and its role in English society throughout the twentieth century. A number of items in the People's collection are on loan.
## **The FIFA Book Collection**
This collection of over 1,200 football books was purchased with the financial assistance of FIFA in 1998. The collection is particularly strong in terms of rare nineteenth century year books and annuals, but also contains early histories of the game, club histories from the 1920's onwards, players' biographies and autobiographies, and football fiction from 1900 onwards.
## **The Harry Langton Collection**
This collection, created by Harry Langton, the man who created the FIFA Langton Collection, was purchase by the Museum in February 2000, with the assistance of a grant from the Heritage Lottery Fund. As with the FIFA Langton Collection, the material includes paintings, drawings and prints, photographs and posters, playing kit and equipment, metal sculpture, fine metal and ceramic decorative items, toys and games, books and ephemera.
## **The Sir Stanley Matthews Collection**
This collection was purchased in 2001 with the assistance of a grant from the Heritage Lottery Fund. It consists of items relating to the career of one of the greatest English players of all time, including international caps, badges and associated information relating to Sir Stanley's club career and his international career with England.
## **The Chris Unger History of Women's Football Collection**
In 2015 the Museum made a successful bid of the Heritage Lottery Fund to purchase the Chris Unger History of Women's Football Collection, the greatest collection on the history of women's football. The collection includes an exhaustive range of materials from balls, boots, medals and merchandising to printed ephemera, drawn from England, USA and 30 other countries.
Page 32
## **The National Football Museum**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **15. Heritage assets (continued)**
## **Analysis of heritage asset transactions**
## **Group**
|Purchases
Donations
**Total additions**
Charge for impairment
**Total charge for impairment**|**2022**
**£**
500
-
500
-
-|**2021**
**£**
-
1,125
1,125
-
-|**2020**
**£**
995
34,500
35,495
-
-|**2019**
**£**
-
36,700
36,700
-
-|**2018**
**£**
65,000
38,100|
|---|---|---|---|---|---|
||||||103,100|
||||||597,448|
||||||597,448|
Page 33
## **The National Football Museum (A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2022**
## **16. Fixed asset investments**
|**Charity**
**Cost or valuation**
At 1 April 2021
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_
Details of the Charity's principal subsidiaries are presented in note 29.|**Investments**
**in subsidiary**
**companies**
**£**
**1**|
|---|---|
||**1**|
||**1**|
||_1_|
|||
## **17. Stocks**
||**Group**|_Group_|
|---|---|---|
||**2022**|_2021_|
||**£**|_£_|
|Goods for resale|**26,320**|_32,258_|
**18. Debtors**
|**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**Group**
**2022**
**£**
**16,064**
**-**
**19,367**
**136,804**
**172,235**|_Group_
_2021_
_£_
_198,656_
_-_
_31,840_
_248,418_
_478,914_|**Company**
**2022**
**£**
**12,151**
**182,692**
**19,367**
**135,080**
**349,290**|_Company_
_2021_
_£_
_131,121_
_134,429_
_31,840_
_246,990_
_544,380_|
|---|---|---|---|---|
Page 34
**(A Company Limited by Guarantee)**
## **The National Football Museum**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **19. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**Group**
**2022**
**£**
**70,302**
**23,570**
**14,655**
**167,575**
**276,102**|_Group_
_2021_
_£_
_90,609_
_25,748_
_13,934_
_269,652_
_399,943_||**Company**
**2022**
**£**
**65,425**
**23,570**
**11,280**
**151,696**
**251,971**|_Company_
_2021_
_£_
_89,046_
_25,748_
_13,934_
_200,107_|
|---|---|---|---|---|---|
||||||_328,835_|
## **20. Creditors: Amounts falling due after more than one year**
||**Group**|_Group_|**Company**|_Company_|
|---|---|---|---|---|
||**2022**|_2021_|**2022**|_2021_|
||**£**|_£_|**£**|_£_|
|Chattel Mortgage|**400,000**|_400,000_|**400,000**|_400,000_|
The chattel mortgage from the Football Foundation originated in October 2002 with a £300,000 loan secured against two items in the FIFA collection (combined value £325,000). In August 2003 the mortgage was further extended by £100,000 with security over another item in the FIFA Collection (value of £50,000). This is payable on demand if NFM ceases to operate for any reason. There is no interest rate attached to this loan.
Page 35
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
|**21.**
**Statement of funds**
**Statement of funds - current year**
**Unrestricted funds**
**Designated funds**
Designated Funds - all funds
**General funds**
General Funds - all funds
**Total Unrestricted funds**
**Restricted funds**
HLF Grant- Capital
Collections Fund
NWDA Grant- Capital
Culture Recovery Fund 1
AIM History Makers
Culture Recovery Fund 2
Coronavirus Job Retention
Scheme
**Total of funds**|**Balance at 1**
**April 2021**
**£**
**-**
**803,331**
**803,331**
**98,076**
**848,357**
**491,525**
**75,000**
**-**
**-**
**-**
**1,512,958**
**2,316,289**|**Income**
**£**
**50,000**
**2,482,662**
**2,532,662**
**-**
**-**
**-**
**-**
**37,277**
**239,721**
**87,963**
**364,961**
**2,897,623**|**Expenditure**
**£**
**-**
**(2,099,818)**
**(2,099,818)**
**(9,132)**
**-**
**(8,475)**
**(75,000)**
**(19,269)**
**(239,721)**
**(87,963)**
**(439,560)**
**(2,539,378)**|**Transfers**
**in/out**
**£**
**-**
**17,508**
**17,508**
**-**
**500**
**-**
**-**
**(18,008)**
**-**
**-**
**(17,508)**
**-**|**Balance at 31**
**March 2022**
**£**
**50,000**|
|---|---|---|---|---|---|
||||||**1,203,683**|
||||||**1,253,683**|
||||||**88,944**
**848,857**
**483,050**
**-**
**-**
**-**
**-**
**1,420,851**|
||||||**2,674,534**|
Page 36
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **21. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
HLF Grant- Capital
Collections Fund
NWDA Grant- Capital
Culture Recovery Fund 1
HLF Art of Football
HLF Memories of 66
The University of Manchester
AIM - History Makers
**Total of funds**|_Balance at_
_1 April 2020_
_£_
_417,179_
_107,208_
_848,357_
_500,000_
_-_
_-_
_-_
_-_
_-_
_1,455,565_
_1,872,744_|_Income_
_£_
_386,152_
_-_
_-_
_-_
_110,000_
_19,876_
_1,096_
_2,462_
_18,163_
_151,597_
_537,749_|_Expenditure_
_£_
_-_
_(9,132)_
_-_
_(8,475)_
_(35,000)_
_-_
_-_
_-_
_-_
_(52,607)_
_(52,607)_|_Transfers_
_in/out_
_£_
_-_
_-_
_-_
_-_
_-_
_(19,876)_
_(1,096)_
_(2,462)_
_(18,163)_
_(41,597)_
_(41,597)_|_Balance at_
_31 March_
_2021_
_£_
_803,331_|
|---|---|---|---|---|---|
||||||_98,076_
_848,357_
_491,525_
_75,000_
_-_
_-_
_-_
_-_
_1,512,958_|
||||||_2,316,289_|
The HLF Grant- Capital fund relates to capital grants received for the development of the museum in Manchester. This fund will be written off over the life of the fixed assets to which it relates by allocating a proportion of the depreciation charge each year.
The Collections Fund relates to the amounts received towards the purchase of Collection items which are capitalised in the balance sheet. These assets are not depreciated and as such this fund will remain in perpetuity, which reflects the ongoing restriction.
The NWDA Grant- Capital relates to capital grants received for development of the site at Preston. The funds will be written off over the life of the fixed assets to which they relate by allocating a proportion of the depreciation charge each year.
Culture Recovery Fund relates to Department for Digital, Media, Culture & Sport (DCMS) grants to support the Museum through projects and associated costs of post-Covid recovery.
Page 37
**The National Football Museum**
## **(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **22. Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
|Tangible fixed assets
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Unrestricted**
**funds**
**2022**
**£**
82,654
400,000
1,447,131
(276,102)
(400,000)
1,253,683|**Restricted**
**funds**
**2022**
**£**
571,994
848,857
-
-
-
1,420,851|**Total**
**funds**
**2022**
**£**
**654,648**
**1,248,857**
**1,447,131**
**(276,102)**
**(400,000)**
**2,674,534**|
|---|---|---|---|
**Analysis of net assets between funds - prior year**
|Tangible fixed assets
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_16,893_
_400,000_
_1,186,381_
_(399,943)_
_(400,000)_
_803,331_|_Restricted_
_funds_
_2021_
_£_
_589,601_
_848,357_
_75,000_
_-_
_-_
_1,512,958_|_Total_
_funds_
_2021_
_£_
_606,494_
_1,248,357_
_1,261,381_
_(399,943)_
_(400,000)_
_2,316,289_|
|---|---|---|---|
Page 38
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **23. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Decrease/ (increase) in stocks
Decrease/ (increase) in debtors
Increase/ (decrease) in creditors
**Net cash provided by operating activities**
**24.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**25.**
**Analysis of changes in net debt**|**Group**
**2022**
**£**
358,245
**40,058**
**(51)**
**5,938**
**306,679**
**(123,841)**
**587,028**
**Group**
**2022**
**£**
**1,248,576**
**1,248,576**|_Group_
_2021_
_£_
_443,545_
_40,685_
_(185)_
_4,738_
_(387,438)_
_127,819_
_229,164_
_Group_
_2021_
_£_
_750,209_
_750,209_|
|---|---|---|
|Cash at bank and in hand
Debt due after 1 year|**At 1 April**
**2021**
**£**
**750,209**
**(400,000)**
**350,209**|**Cash flows**
**£**
**498,367**
**-**
**498,367**|**At 31 March**
**2022**
**£**
**1,248,576**
**(400,000)**
**848,576**|
|---|---|---|---|
Page 39
**The National Football Museum**
**(A Company Limited by Guarantee)**
## **Notes to the Financial Statements For the Year Ended 31 March 2022**
## **26. Pension commitments**
The group operates 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 £7,220 _(2021 - £7,889)_ were payable to the fund at the balance sheet date and are included in creditors. The charge to the Statement of Financial Activities in respect of defined contribution schemes was £88,396 _(2021:£94,917)_ .
## **27. Operating lease commitments**
At 31 March 2022 the Group and the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**Company**
**2022**
**£**
**252**
**-**
**252**|_Company_
_2021_
_£_
_16,282_
_252_|
|---|---|---|
|||_16,534_|
## **28. Related party transactions**
Mssrs Fairlamb, Rahman and Moutrey were employees and/or associates of Manchester City Council and trustees of the museum within the year.
The museum received a grant from Manchester City Council of £1,450,000 in the period (2021: £1,450,000).
The grant period runs to March 2025, and it is a condition of the grant that Manchester City Council can have trustees on the museum's board.
The museum also leases the Urbis Building from Manchester City Council for a peppercorn rent.
Mr Barker is an employee of The Professional Footballers Association and a trustee of the museum. The museum received sponsorship from the PFA of £16,666 (2021: £16,666).
Page 40
**The National Football Museum (A Company Limited by Guarantee)**
**Notes to the Financial Statements For the Year Ended 31 March 2022**
## **29. Principal subsidiaries**
The following was a subsidiary undertaking of the Charity:
**Name Company Registered office or principal place Principal activity number of business** National Football Museum at Urbis 07539263 Urbis, Cathedral Gardens, Commercial operations (Trading) Limited Manchester, Greater Manchester, M4 3BG **Class of Holding Included in shares consolidation** Ordinary 100% Yes
The financial results of the subsidiary for the year were:
|**Name**|**Income**|**Expenditure**|**Profit/**|**Net assets**|
|---|---|---|---|---|
||**£**|**£**|**Surplus for**|**£**|
||||**the year**||
||||**£**||
|National Football Museum at Urbis|**276,620**|**(201,216)**|**75,404**|**1**|
|(Trading) Limited|||||
Page 41
## **Issuer**
HURST Accountants
**Document generated** Wed, 26th Oct 2022 8:29:51 BST
**Document fingerprint** 56be186e09482c2e07e7c857f4154b53
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Fri, 28th Oct 2022 11:22:17 BST Fri, 28th Oct 2022 13:22:27 BST Fri, 28th Oct 2022 13:58:49 BST
John Brewer - Signer (74d0f6f439ff762bee02f6043dfe3a48) Clive Memmott - Signer (2ce4dcdb61e240860f4375c9ad60d747) Helen Besant Roberts - Signer (6673b850d1e4ead02fb7aecce873f9b6)
## **Audit history log**
## **Date**
## **Action**
Fri, 28th Oct 2022 13:58:49 BST Fri, 28th Oct 2022 13:58:49 BST Fri, 28th Oct 2022 13:58:33 BST Fri, 28th Oct 2022 13:22:38 BST Fri, 28th Oct 2022 13:22:30 BST Fri, 28th Oct 2022 13:22:29 BST Fri, 28th Oct 2022 13:22:27 BST
The envelope has been signed by all parties. (185.20.130.146) Helen Besant Roberts signed the envelope. (185.20.130.146) Helen Besant Roberts viewed the envelope. (185.20.130.146) Helen Besant Roberts opened the document email. (51.132.68.114) Document emailed to hbr@hurst.co.uk (35.177.98.239) Clive Memmott viewed the envelope. (167.98.211.28) Sent the envelope to Helen Besant Roberts (hbr@hurst.co.uk) for signing. (167.98.211.28)
Fri, 28th Oct 2022 13:22:27 BST Clive Memmott signed the envelope. (167.98.211.28) Fri, 28th Oct 2022 13:07:30 BST Clive Memmott viewed the envelope. (167.98.211.28) Fri, 28th Oct 2022 11:49:19 BST Clive Memmott opened the document email. (104.28.89.71) Fri, 28th Oct 2022 11:22:53 BST Clive Memmott opened the document email. (40.94.105.126) Fri, 28th Oct 2022 11:22:20 BST Document emailed to Clive.Memmott@gmchamber.co.uk (3.10.170.49) Fri, 28th Oct 2022 11:22:19 BST John Brewer viewed the envelope. (86.190.71.199) Fri, 28th Oct 2022 11:22:17 BST Sent the envelope to Clive Memmott (Clive.Memmott@gmchamber.co.uk) for signing. (86.190.71.199) Fri, 28th Oct 2022 11:22:17 BST John Brewer signed the envelope. (86.190.71.199) Fri, 28th Oct 2022 11:20:47 BST John Brewer viewed the envelope. (86.190.71.199) Wed, 26th Oct 2022 11:52:31 BST John Brewer opened the document email. (109.145.236.194)
Wed, 26th Oct 2022 11:48:03 BST Wed, 26th Oct 2022 8:37:31 BST Wed, 26th Oct 2022 8:37:29 BST
Wed, 26th Oct 2022 11:48:03 BST John Brewer opened the document email. (104.28.89.83) Wed, 26th Oct 2022 8:37:31 BST Document emailed to jbrewer@bishopsway.uk (3.8.94.255) Wed, 26th Oct 2022 8:37:29 BST Sent the envelope to John Brewer (jbrewer@bishopsway.uk) for signing. (185.195.125.206) Wed, 26th Oct 2022 8:33:46 BST Helen Besant Roberts has been assigned to this envelope (185.195.125.206) Wed, 26th Oct 2022 8:33:46 BST Clive Memmott has been assigned to this envelope (185.195.125.206) Wed, 26th Oct 2022 8:33:46 BST John Brewer has been assigned to this envelope (185.195.125.206) Wed, 26th Oct 2022 8:29:57 BST Document generated with fingerprint 94c9fa482220f1176bb4563e57ce9d29 (185.195.125.206) Wed, 26th Oct 2022 8:29:57 BST Document generated with fingerprint 56be186e09482c2e07e7c857f4154b53 (185.195.125.206) Wed, 26th Oct 2022 8:29:51 BST Envelope generated by Greg Wilson (185.195.125.206)