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2025-12-31-accounts

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The Peace Museum

Reference and administrative information

for the year ended 31 December 2025

Company number 3297915 Charity number 1061102 Registered office and operational address Peace Museum Salts Mill Victoria Road Saltaire, BD18 3LA

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Clive Barrett (Chair until retirement 3[rd] May 2025) Prathivadi Anand Victoria Bentley (Until 22[nd] February 2025) Vicky Clifton Appointed 3[rd] May 2025 Bernard Conlon Resigned as Director 23[rd] February 2026. Re-appointed as Director 18[ th ] March 2026 Saoirse Cowley Elly Harrowell Appointed 3[rd] May 2025 Ivan Hutnik Pearl Johns Board secretary from 3[rd] May 2025 Joshua Jones Appointed 3[rd] May 2025 Rachel Julian Chair from 3[rd] May 2025 Ellie Kinney Appointed 3[rd] May 2025 Sabir Musaji (Until 12[th] February 2025) Aisling Serrant (Until 31[st] March 2026) Richard Shaw Vice-Chair, appointed 17[th] March 2025 Mei Morrish Appointed 2[nd] February 2026 Key management The Executive Committee of Trustees personnel The key management personnel of the charity comprise of a Curator (Interim), a Marketing and Communications Lead, a Museum Administrator, and a Freelance Development Lead, whilst the Curator is on family leave. Bankers The Cooperative Bank CCLA Investment Management Limited PO Box 101 One Angel Lane 1 Balloon Street London Manchester EC4R 3AB M60 4EP

Independent Jennifer Daniel FCCA DChA, Slade & Cooper Limited examiner Beehive Mill, Jersey St, Ancoats, Manchester, M4 6JG

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The Peace Museum Trustees’ annual report for the year ended 31 December 2025

The trustees present their report and the unaudited financial statements for the year ended 31 December 2025. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Executive Summary

The Peace Museum, the only accredited museum of its kind in the UK, explores the history and often untold stories of peace, peacemakers and peace movements.

The Peace Museum collects, safeguards and interprets artefacts relating to peace, in its many forms, for the benefit of all. By making the Museum’s collection accessible, through exhibitions, education and community programmes, we endeavor to demonstrate the importance of this heritage and inspire visitors to consider peace as an active process that is a realistic alternative to violence.

Following the successful relocating and reopening in new premises in Salts Mill in 2024, the Museum’s focus for 2025 was to deliver its first full year of programming in this new space. As well as its newly developed permanent display, the museum’s programme included delivering three Special Exhibitions, as well as supporting events and partnerships projects outside of the museum. This was a great success, attracting 40,000 annual visitors in 2025 and a total of 60,000 visitors since reopening in August 2024.

2025 was a significant year for the region, with Bradford being the UK’s City of Culture. The Peace Museum was an active component of Bradford 2025. We frequently hosted tours to the museum on behalf of Bradford 2025 for delegates, ambassadors and visitors to the region. This positioned the museum as a leader in heritage and cultural life of the region and nation. We also partnered with their team for various marketing opportunities including press tours, TV segments and online content for social media.

Alongside the programme delivery, the museum transformed the shop and retail offer, developed a new fundraising strategy and revised the Board of Trustees.

In December 2025, The Peace Museum heard that it was to receive funding from The National Lottery Heritage Fund for an Organisational Development Project entitled ‘A Radical Approach to Crafting the Future of The Peace Museum’ to be carried out in 2026. In recognising that our new space has dramatically increased our visibility and brought new challenges, this project will strengthen the museum’s foundations, creating a financially resilient, well-governed, environmentally responsible and value-led organisation that can sustain and share its unique heritage for the long term.

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The Peace Museum Trustees’ annual report for the year ended 31 December 2025

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Objectives and activities

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

A Charitable Company

The charity is a company limited by guarantee and not having a share capital and was incorporated on 8 November 1996. The number of members is unlimited.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.

Recruitment and Appointment of Trustees

Trustees (who are also directors for the purposes of Company Law) are appointed by the company’s Annual General Meeting, for three-year periods, which can be renewed. The Board puts forward names of suitable candidates to fill any vacancies.

The Museum is national, even international, in scope and the Board looks to recruit nationally, aiming to include an appropriate range of expertise and experience as well as having sufficient directors local to West Yorkshire who can provide support to the staff and for the Museum’s public events.

Proactive recruitment of trustees in 2025 led to an increase in diversity within the Board, and an expanding skill set including, inter alia, professional expertise in law, academic leadership, peace studies, museum education, and community engagement.

The Board is aware of the need to continue to grow the skills, networks, expertise and diversity within the Museum and will be doing so through the NLHF funded project.

Objectives

The Peace Museum seeks to advance public education about all aspects of peace and peace movements. The aims of the charity are:

To establish a peace museum

To establish a number of peace centres

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

To promote public awareness through travelling exhibitions

The Charitable Objects of The Peace Museum are ‘ To advance public education about all aspects of peace and peace movements particularly through the establishment and maintenance of museums and peace education centres.’ These Objects are realised by creating and maintaining a unique collection of over 16,000 accessioned artefacts which form the basis of exhibitions, educational outreach to schools, collaborative projects and events.

Governance

Governance is effected by a Board of Trustees which meets at least four times a year, in person or online. The Board was refreshed in 2025 with a new Chair (Rachel Julian) following the retirement of the former Chair, Clive Barrett, after 25 years as a Trustee. The new Board secretary is Pearl Johns, and new ViceChair is Richard Shaw, with Bernard Conlon remaining as Treasurer.

The Board operates with a small Executive Committee (Chair, Vice chair and Treasurer) able to address operational matters between Board meetings, and subcommittees for finance, fundraising, NLHF Project Board and human resources. The subcommittees meet between Board meetings and report to each Trustee meeting. Trustees actively work with staff to deliver the objectives, including fundraising, supporting staff, public speaking, and curatorial/collection development.

Linda Batten is engaged by the Board to provide book-keeping services.

As a registered company and a registered charity, The Peace Museum has continued to promptly fulfil its reporting responsibilities with Companies House and the Charity Commission.

In its decision making and direction of the Museum, the Board has considered the Charity Commission’s guidelines on public benefit and believe the requirements have been met. In practical terms, the duty of public benefit is amply realised through the work described below.

Relationship with The Peace Museum Trust

The Company has a continuing Management Agreement with The Peace Museum Trust, dated 26[th] January 1999.

Achievements and performance

Gallery:

In 2025, The Peace Museum delivered its first full year of programming in its new space. The space continued to be open four days a week and free to enter. In the museum visitors shared their enjoyment of the exhibition, were moved by the objects and stories on display and were keen to engage with museum staff to learn more and share their own and their families experiences of peace, surviving conflict and hope for a better world.

For each Special Exhibition we updated elements of our permanent display by rotating certain objects. This allowed the objects to have a conservation break, offered visitors new experiences and widened access to our collection.

In this first full year in Salts Mill the gallery welcomed 40,000 visitors, compared to 3,000 visitors a year in the previous venue. We are proud that the museum is now accessible to so many people, and that they enjoy the exhibitions, activities and our retail offer.

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

During the year the museum was supported to enable visitors to make voluntary donations which contribute to the running costs of the museum.

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Special Exhibitions:

This year we curated three Special Exhibitions: What Does Peace Mean To You? (August 2024 – May 2025), In Common (June – September 2025) and Pins For Peace (27 September - 30 November). Each of these exhibitions engaged with different communities and groups and attracted new audiences.

What Does Peace Mean to You? was a collaborative project between The Peace Museum, artist Lakhbir Sangha and Bradford communities. This project was funded by the Joseph Rowntree Charitable Trust. For the exhibition artist Lakhbir Sangha created a series of interactive artworks inspired by people’s varying answers of what peace means to them. Responses in the works were collected from visitors and various outreach sessions. This display was a continuation from 2024, to allow more people to see the new artworks that had been installed towards the end of 2024. The first artwork is now a part of the permanent display.

In 1981, a group of women set off from Wales to protest against the US cruise missile base at Greenham Common. They stayed for 19 years. Their movement is a symbol of creativity and commitment to creating change that echoes through to peaceful activism today. In Common was a celebration of those stories with a new exhibition of rarely seen objects and films from our collection alongside a series of exciting events. This exhibition was inspired by the interactions we had with our visitors who, moved by our section on Greenham Common in our permanent display, shared their experiences and memories with our staff. In an attempt to create opportunities to hear more about these women’s lessons, we developed a series of events inspired by past activists. This project was supported by Arts Council, England.

Pins for Peace was a super-sized celebration of the pin badge in partnership with local artists Mek Summat and Bradford 2025. Inspired by The Peace Museum’s collection of badges, the exhibition included responses and contributions from an incredible line-up of artists. Each artist added their own visual voice and unique style to a collective call for peace. Giant badges were not only on display in the museum, but were displayed in public spaces in multiple locations in Bradford.

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Working with Partners:

We partnered with Bradford 2025 on an international youth project funded by the British Council. It was titled Here We Stand and was a collection of short films created by young people whose cities and lives have been shaped by conflict and activism. These films were developed with BAFTA-nominated film producer Elhum Shakerifar ( A Syrian Love Story / Almost Heaven ) and exhibited at the new Bradford 2025 city-centre space, Loading Bay. As part of this project, we hosted the young people from Bradford in a workshop with Elhum at the museum.

The project brought together young voices from three cities, each with rich and varied social histories. The exhibition explored a collection of bold, personal, and deeply reflective films: each offered a glimpse into how young people today experience and imagine peace in the context of their everyday realities.

The Peace Museum worked in partnership with Museum of Free Derry dedicated to preserving and presenting the history of Derry during the pivotal period from 1968 to 1972, and War Childhood Museum in Sarajevo, the world’s largest archive of stories about growing up during war, this international project invited reflection on the past and wishes for the future, all told through the eyes of a new generation.

For our exhibition In Common one aim was to create links with other collections, organisations, groups and researchers who also collect and preserve the histories of Greenham Common Women’s Peace Camp. As part of this, our Curator and Communications Lead (now Interim Curator) went on research visits to MayDay Rooms, The Women’s Library: London School of Economics’ Archive (LSE) and Glasgow Women’s Library (GWL) who each have links to our collection and the histories of Greenham Common Women’s Peace Camp. This enabled us to forge links between our collections and between organisation staff. In June, we held a ‘Show and Tell’ event in the museum and speakers from Glasgow Women’s Library and LSE Archives brought items from their collection to ignite a conversation around their own collections and the links to the museums.

For Pins for Peace , we worked with local artists and facilitators, Mek Summat. To develop this exhibition, they introduced over 30 artists to the museum and our collection, each of whom brought their own networks and supporters. This exhibition in particular has opened up new opportunities in our retail offer.

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The Peace Museum Trustees’ annual report for the year ended 31 December 2025

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

Events

In 2025, the museum developed its event programme in conjunction with the Special Exhibitions.

For In Common we held three events. At each event we welcomed a guest speaker from a partner organisation, and there was space for an open discussion and for women who were at Greenham to share their own experiences as part of our commitment to visitors sharing their own stories.

The first opening event invited researchers to introduce the exhibition. Dr Alexandra Kokoli discussed ‘visual activism at Greenham Common and the symbol of the web’ and Professor Fiona Macaulay, from the Department of Peace Studies at the University of Bradford, discussed her own first-hand experiences of her time at Greenham Common. 35 people attended this evening event.

The second event, ‘Greenham Show and Tell’, welcomed speakers from The Women’s Library: London School of Economics’ Archive (LSE) and Glasgow Women’s Library (GWL) to highlight objects from their collection and to promote the links between our organisations work. 20 people attended this daytime event.

The third event marked our one-year anniversary in Salts Mill. For this we had activities in the museum as well as a Greenham inspired teddy bears’ picnic in Robert’s Park, Saltaire. On this day we had over 400 visitors to the museum and external event.

At the third event we hosted a speaker from Greenham Women Everywhere who spoke about their project to document the women’s experience and memories. We also invited Commoners Choir to perform songs chosen from songbooks used at Greenham from our collection as well as their own songs on the theme of peaceful activism today. On this date we had 767 visitors to the museum, our highest figure on record.

For Pins for Peace we held opening and closing events to bookmark the exhibition. At each event we had drop in activates for people to get stuck into and try to make something that is the essence of Mek Summat’s DIY spirit. For our opening event we had 729 visitors and for the closing event we had 547 visitors.

For the opening we had three artists with stalls with various activities inspired by the exhibition. This included Bear Cub’s You Against the Bomb portrait drawing, Drew Milward’s The Art of Protest collaborative drawing activist and The Peace Museum’s badge maker. Yorkshire CND were also in attendance, with the original badge designer Alisdair Beal on hand to talk about their work. For the closing event, we had a similar set up but this time with Pilfered’s Baubles not Bombs air-dry clay bauble making and North or Nowt and Mek Summat doing live screen printing of tote bags.

Each event created new points of engagements and access points with the themes in our museum and explored the varied modes of interests our audiences have. Given that we are still coming to understand the new space and what works within it, 2025 was an opportunity for us to trial different styles of events and ways to organise them. We found events involving activities and interaction were particularly popular with visitors.

Visitor Engagement and Response

In April 2025 the museum reopened to the public after a seasonal closure over the winter period and closed again in December 2025 for its seasonal break. During this time, the total number of visitors was just under 40,000. For the period August 2024 – December 2025, which had 12 months of being open to the public, the figure was just over 60,000 visitors. This is a vast increase in comparison with the old venue in Bradford City Centre where there were 3,000 visitors a year.

Feedback from visitors:

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

‘Very powerful and moving exhibition. Thank you for preserving our peace history.’

‘Lovely Bright and Colourful space. Good interactive Exhibits for all ages. Friendly staff and educational.’

‘First time I’ve been since it moved to this space. Really love how things are displayed. Banners from the rafters are really moving. I especially like the film “what does peace mean to you”- thought provoking and moving. Thank you to the staff for a lovely welcome.’

‘I loved that there were multiple creative activities to keep children (and adults) entertained throughout the exhibition.’

‘Thought it was brilliant, loved encountering new local artists and engaging with the peace museum’s collections in a new way.’

‘The exhibition provided an inclusive, accessible and creative experience for us to show our 3 year old the importance of values we have started to discuss in our home, out in the real world. The importance of creativity, connection, community, and the celebration of difference as essential. As adults it also fed into our interests of collections, social and political history all at the same time. We all learnt so much together through providing a visual treat for our eyes- thanks for a meaningful experience!’

‘The exhibition was a delight, I was close to tears. What struck me was the way it activated my politics and sense of belonging in this region, this came though seeing the museums archive as well as the Pins for peace artworks and the people I spoke with on the day. When these things link up, it feels far more vital than online equivalents.’

‘Amazing exhibition and a great opening event, kids loved it and we stayed waaaay longer than planned because they had a blast.

It was great to see the new interpretations of the fantastic peace badges I remember from yesteryear. Loved seeing those ones out in the wild too’

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The Peace Museum
Trustees’ annual report
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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

The Collection

The Peace Museum is unique in the UK in holding a collection specifically relating to peace histories and movements, a collection which is held in carefully controlled conditions.

In 2025 we continued to facilitate access to our collection in numerous ways including research visits, research inquiries, collection loans and image/copyright requests.

The Museum’s greater visibility has led to an increase in object donation inquiries. To make progress with the backlog of objects needing to be accessioned the Curator dedicated time in 2025 to organise a project with a new cohort of Collection Volunteers.

The Museum continues to loan numerous objects to the Royal Armouries, Leeds, for a shared permanent exhibition, Farewell to Arms, an important alternative perspective within the War Gallery at the Armouries. This year, some items were replicated for the exhibition display and the originals were returned to the museum for a conservation break.

The Curator has ensured that the Museum’s policies and documentation are up to date. During the period in which the Museum was closed, it held provisional accreditation status. In 2025, the Museum received full accreditation provisionally. In 2026 the museum will apply for full accreditation.

The Board of Trustees recruited an experienced curator to the Board to ensure we continue to bring in new expertise and support to staff maintaining the collection.

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

Education

In 2025 the focus of the museum has been on developing the gallery, special exhibitions and events in the flexible education space at the back of the museum. Some school groups have made visits to the gallery, as well as many families bringing their children. We are developing a new education offer by testing out different partners including Shipley College placements, Leeds Arts University and Manchester Metropolitan University.

Communications

In 2025, the focus of our Communications programme continued to be promoting the museum’s new location and its programme, which we did primarily through digital approaches including social media, our website, and an email newsletter.

There has been a significant increase in following and engagement across our social media platforms, especially since opening, and we have widened our engagement online.

We sent out 4 email newsletters, covering topics such as items in the collection, covering events, and encouraging more volunteers. We reached over 1,000 subscribers.

The Museum reopened its online shop with the new offer and made the retail offer available when the museum was closed in the winter.

The website was kept updated with news and plans to make it more accessible are being made for 2026.

Social Media

There has been a significant increase in both following and engagement across our social media platforms. Content engagement has significantly increased compared to years prior, particularly on Instagram.

In 2025, we stopped using X due to the significant ethical concerns of operating on this platform. We retained our account until a full review and assessment of whether we should delete the account altogether is carried out. We continued to test posts across our new platforms to see how audience engage with our content across these platforms. These will be a focus for growth in 2026/7.

Threads: 481 followers; Blue Sky: 1.6k followers; TikTok: 222 followers/191 likes. Instagram

We reached 5,000 followers, (2,400 new). We had a total of 586k views, 203.5k reach and 12.4k interactions.

The top engagement includes a post on a pamphlet from our collection regarding the history of Palestine (118k views), post on a banner from our collection regarding Remembrance Day (96k views), and a post regarding the Pins for Peace exhibition announcement (54k views).

Facebook

We reached 2,348 followers (348 new). We had a total of 191.9k views, 6.6k interactions.

The top engagement includes a poster from the collection to mark International Peace Day (51k views), a post of a banner from our collection for the lead up to Remembrance Day on white poppies (10k views) and an exhibition poster for the opening of In Common (8k views).

Press, Radio and Television

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

The Peace Museum featured in a range of newspapers, journals, websites, online articles, radio and television.

Radio segments included BCB Radio, who frequently cover events at the museum and fundraising opportunities such as The Big Give.

We continued to have a presence in The Friend via advertisements.

For the end of 2025 the investment in the museum from Bradford 2025 was covered frequently with it being noted as a positive legacy from UK City of Culture. This included coverage and mentions in The Guardian, BBC, The Times, Telegraph & Argus, as well as subject specific media such as Museums Association and Museums + Heritage.

We were featured in a segment on ITV’s Calendar to talk about the success of the year and support from Bradford 2025.

We were featured in The Yorkshire Post as part of a seasonal gift guide to promote our new t-shirts in collaboration with Katharine Hamnett.

Other

To mark 1 year of us being in Salts Mill, National Lottery Heritage Fund featured the museum on its Good Causes section on their website and across their social media channels. We continue to have a presence on Art Fund’s promotional materials as a network pass member.

We also continue to have a profile on Art UK.

It’s On In Bradford and Visit Bradford continue to increase our visibility on local tourism and event sites.

Partnerships

The Museum benefits from its close relationship with the Commonweal Collection, an independent library of peace and nonviolence based within Bradford University Library. One Commonweal staff member is based at the Museum, and Commonweal staff payroll is administered by The Peace Museum. One iconic artefact on display, the original 1958 drawing of the global peace symbol, is on loan from Commonweal.

In 2025, we introduced a reading area to the museum which contains books from the Commonweal Collection. These books are inspired by the objects and themes in the museum’s exhibitions. This idea is building on the existing links in our permanent display, where there are QR codes which link to suggested reading lists inspired by the themes in the exhibition and our own collection. We are continuing to develop access to our interlinked collections and creating new ways for people to engage with our work.

The Museum is a member of Bradford Heritage Organisations Forum, part of the Cultural Voice Group, promoting collaboration between local heritage organisations in and beyond 2025, and we recruited a Board member with extensive experience of heritage networking and heritage organizational development.

Clive Barrett, our former Chair who retired in 2025, continues to represent the museum in the International Network of Museums for Peace.

Our programme sought new ways to develop partners in other museums and organisations. We aim to continue to organically grow and nurture our partnerships through our projects and programmes, and the strategic work of the Board of Trustees.

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

Retail

Over the year the retail offer was developed and with the Pins for Peace exhibition, the museum shop began to sell new badges and stickers made by the artists. This was very popular and successful in the shop and is something we’ll develop in 2026.

The museum shop was available online for the first time in Winter 2025, when the gallery was closed. In 2026 we are working on a new approach to the shop and offer using inspiration from the special exhibitions.

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The Peace Museum
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The Peace Museum Trustees’ annual report

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Staffing

The Peace Museum is fortunate in the high calibre of its staff who run the museum, secure the collection and maintain the brilliant visitor experience people have who come to visit. During 2025 the Museum employed two full time members of staff and one part time, with one freelance contractor, and two front of house staff. One permanent member of staff went on maternity leave in November 2025.

The curator, who has been with The Peace Museum for over a decade, is an expert in the artefacts of peace. The curator was responsible for the care and management of the collection, including the exhibition and ensured the Museum followed all the necessary procedures to operate as an accredited museum.

The Communications and Marketing Lead, who holds a peace and museum-related doctorate, was the public face of the Museum at a time of increased public profile. In November 2025, they stepped into the role of Interim Curator, having supported the Curator for the two previous years in developing exhibitions, caring for the collection and facilitating collections research.

The Museum Administrator, with a background in retail supply and heritage, led the process and procedures for maintaining the museum’s legal and professional requirements by supporting the Board Secretary. They are the lead for volunteer management and development including work experience students. They also established and grew the museum shop, including the online launch.

An experienced freelance development worker, who has worked for the museum for over 10 years in roles including education and leadership, worked on writing funding bids and with the fundraising subcommittee of the Board of Trustees, to secure grants from Arts Council and the NLHF, and run The Big Give appeal. The freelance development worker is working as Project Manager in 2026 on the NLHF funded project.

The museum also hired two Front of House staff who provided interpretation of our exhibitions alongside welcoming visitors on the weekends during Special Exhibitions.

The museum continued to develop its volunteer programme. In 2025, volunteers contributed approximately 462 hours to Front of House support. Volunteers also contributed approximately 228 hours to our Summer Collections project to support accessioning new objects into the collection. We continue to review our volunteer processes and programme to ensure improvements for both the Museum and its volunteers.

Financial review

The museum has increased its financial stability across 2025, meeting all staffing and financial commitments and pursuing an active and widespread fundraising and income generation strategy. As the year went on a more formal and structured approach was developed to involve trustees and staff regularly working together on financial procedures, budgets and income projections. The events programme was funded by the Arts Council and alongside the regular donors, the large appeals such as The Big Give and securing support from high net worth individuals helped ensure the stability and forward planning of the museum. All this work was 20recognized in the successful bid to NLHF.

Our total income in 2025 was £237,195, of which £18,793 was Restricted. Our total expenditure was £267,439, of which £34,929 was Restricted. Following the receipt of Exhibition Tax Relief our surplus for 2025 was £10,037. The museum maintained a tight control on expenditure and was able to finish the year having increased reserves to £135,842 and made a commitment in the 2026 budget to increase the reserves. Restricted reserves stand at £24,702, with the remainder being unrestricted. Trustees do not have any designated funds.

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Funding

The Museum is one of Bradford Council’s Regularly Funded Organisations. The Board acknowledges with gratitude the grants and project funding which the Museum has received from the following bodies:

Art Fund

Arts Council England: In Common

Bradford Council Regular Funded Organisation Grant Give

Peace A Chance Trust Joseph Rowntree Charitable Trust Museum Development North National Lottery Heritage Fund Samela Charitable Trust The Big Give Trust

The Board also acknowledges the continuing support received from the large number of regular donors, including individuals, organisations and Quaker local meetings. The Museum depends heavily on grants and donations to fund its work, whilst payments for use of images and educational engagement continue to contribute towards total income. Donations from visitors and retail income from the Museum shop are new contributors to Museum income and will be increasingly fostered in the year ahead. The Board has identified that development, including income generation, is a priority; a freelance fundraiser has been engaged and is working with a fundraising group of trustees to ensure continued income generation.

The unique work of the Museum for peace should be attractive to people considering a legacy, and the Museum continues to encourage those drafting a will to consider making a bequest.

Reserves policy

The Company aims to maintain a general reserve of approximately one half of normal annual expenditure of unrestricted funds to enable it to continue to keep the Museum open while funding is being identified and sought. Whilst 2024 saw a drop in reserves held as Trustees drew from unrestricted reserves to ensure the Museum opened on time in our new venue, 2025 has seen a small growth in reserves held. The Peace Museum has around £111,000 in unrestricted reserves as at 31[st] December 2025. Income generated by new audiences, new activity and appeals to supporters will be used to rebuild the level of reserves in 2026.

Risk management

The trustees regularly review the risk register for the museum to ensure that all risks are fully understood and actively managed. This review includes a control review and an assessment of mitigating actions.

Liquidity management remains a key risk and the trustees undertake active budgeting, forecasting and cash flow management to ensure that there are sufficient resources to address both on-going operational activity and any project-focused activity.

Plans for the future

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The Peace Museum Trustees’ annual report

for the year ended 31 December 2025

The museum’s plans for 2026 centre around improving visitor experience in the gallery. Further capital investment is being sought to retrofit secondary glazing to the 21 windows and install heating. This will not only improve the visitor experience in the winter, but will also reduce environmental degradation of the objects in the gallery. Ultimately, it will also allow us to remain open during the Christmas period, increasing visitor numbers and retail income potential.

Following the successful increase of visitors numbers during UK City of Culture 2025, our aim for this is to focus on the depth of experience for our visitors. To do this we will co-curate three Special Exhibitions with diverse communities locally, nationally and internationally, highlighting rarely seen objects from our collection alongside objects and outputs from partners. We will programme a series of associated events and projects; improving engagement with the collection, the organisation and the themes we explore.

We will be carrying out the NLHF project by engaging a consultancy to review the way we grow the museum, work with different people and groups and ensure our processes and policies fit our ambitious programme, alongside strengthening our mixed economy approach to income generation.

During 2026, we will be working to be a sustainable and engaging museum that creates new opportunities for people to learn about peace and generate hope.

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The Peace Museum

Trustees’ annual report

for the year ended 31 December 2025

Statement of responsibilities of the trustees

The trustees (who are also directors of The Peace Museum for the purposes of company law) are responsible for preparing the trustees’ annual 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 25/04/2026 and signed on their behalf by

Rachel Julian

Chair

23

Independent examiner’s report to the

trustees of

The Peace Museum

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] December 2025 which are set out on pages 16 to 34.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jennifer Daniel FCCA DChA

Slade & Cooper Limited Beehive Mill Jersey Street

Date: 01/05/2026

24

The Peace Museum

Statement of Financial Activities for the year ended 31 December 2025

(including Income and Expenditure account)

Note
Income from:
Donations and legacies
3
Charitable activities:
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities:
8
Total expenditure
Net income/(expenditure) before
taxation
Taxation - Exhibition Tax Relief
Net income/(expenditure) for the
year
10
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
141,941
61,290
15,162
9
218,402
3,159
229,351
232,510
(14,108)
40,281
26,173
-
26,173
84,967
111,140		 Restricted funds
£
-
18,485
-
308
18,793
1,585
33,344
34,929
(16,136)
-
(16,136)
-
(16,136)
40,838
24,702		 Total funds
2025
£
141,941
79,775
15,162
317
237,195
4,744
262,695
267,439
(30,244)
40,281
10,037
-
10,037
125,805
135,842		 Total funds
2024
£
96,529
551,473
7,157
2,548
657,707
2,761
737,948
740,709
(83,002)
-
(83,002)
-
(83,002)
208,807
125,805

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Prior year SOFA is shown on the last page.

25

The Peace Museum Company number 3297915 sheet as at 31 December 2025 Balance

Fixed assets
Note
Tangible assets
14
Total fixed assets
Current assets
Debtors
15
Cash at bank and in hand
16
Total current assets
Liabilities
Creditors: amounts falling due in
less than one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling
due after more than one year
19
Net assets
The funds of the charity:
Restricted income funds
20
Unrestricted income funds
21
Total charity funds		 2025
£
£
92,919
92,919
57,555
111,990
169,545
(20,212)
149,333
242,252
(106,410)
135,842
24,702
111,140
135,842		 2024
£
£
108,817
108,817
64,245
95,471
159,716
(20,934)
138,782
247,599
(121,794)
125,805
40,838
84,967
125,805		 2024
£
£
108,817
108,817
64,245
95,471
159,716
(20,934)
138,782
247,599
(121,794)
125,805
40,838
84,967
125,805
247,599
(121,794)
125,805
40,838
84,967
125,805

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 27 to 43 form part of these accounts.

Approved by the trustees on 25[th] April 2026 and signed on their behalf by:

Rachel Julian, Chair

Bernard Conlon, Treasurer

26

The Peace Museum

Statement of Cash Flows

for the year ending 31 December 2025

Note
Cash provided by/(used in) operating activities
24
Cash flows from investing activities:
Dividends, interest, and rents from investments Proceeds from
sale of tangible fixed assets Purchase of tangible fixed assets
Cash provided by/(used in) investing activities
Cash flows from financing activities:
Repayment of borrowing
Cash inflows from new borrowing
Cash provided by/(used in) financing activities
Increase/(decrease) 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
2025
£
32,627
317
-
(1,041)
(724)
(15,384)
-
(15,384)
16,519
95,471
111,990		 2024
£
(96,560)
2,548
-
(94,022)
(91,474)
(12,820)
75,000
62,180
(125,854)
221,325
95,471

27

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

Notes to the accounts for the year ended 31 December 2025

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The Peace Museum meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

c Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees have made no key judgments which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

e 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), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the

28

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued) 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.

f Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

g Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

h Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and depreciation is provided on the net book value of the assets as follows:

Computer equipment 50% Furniture and equipment 15%

29

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

k Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l Cash at bank and in hand

Cash at bank and cash 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.

m Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n Financial instruments

The charity 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.

o Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 6. There were no outstanding contributions at the year end.

30

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 2.

3
Income from donations and legacies
Current reporting period
Donations
Gift aid
Total
Previous reporting period
Donations & gifts
Gift aid
Total		 Unrestricted
£
132,703
9,238
141,941
Unrestricted
£
86,232
7,612
93,844		 Restricted
£
-
-
-
Restricted
£
2,607
78
2,685		 Total 2025
£
132,703
9,238
141,941
Total 2024
£
88,839
7,690
96,529

31

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

4 Income from charitable activities

Current reporting period
ACE: In Common
ACE: Museum Development North
City of Bradford MDC
Big Give Trust
Service delivery income
Recharges
Total
Previous reporting period
National Lottery Heritage Fund
Bradford City of Culture
Art Fund
Joseph Rowntree Charitable Trust
Garfield Weston Foundation
City of Bradford MDC
Other small grants
Service delivery income
Recharges
Total
5
Income from other trading activities
Current reporting period
Sale of promotional items
Previous reporting period
Sale of promotional items		 Unrestricted
£
-
-
12,500
10,000
2,914
35,876
61,290
Unrestricted
£
-
-
-
-
20,000
5,000
10,120
29,988
21,831
86,939
Unrestricted
£
15,162
15,162
Unrestricted
£
1,259
1,259		 Restricted
£
17,985
500
-
-
-
-
18,485
Restricted
£
245,651
150,000
48,883
20,000
-
-
-
-
-
464,534
Restricted
£
-
-
Restricted
£
5,898
5,898		 Total 2025
£
17,985
500
12,500
10,000
2,914
35,876
79,775
Total 2024
£
245,651
150,000
48,883
20,000
20,000
5,000
10,120
29,988
21,831
551,473
Total 2025
£
15,162
15,162
Total 2024
£
7,157
7,157

32

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

6

Investment income

Current reporting period
Income from bank deposits
Previous reporting period
Income from bank deposits		 Unrestricted
£
9
9
Unrestricted
£
2,240
2,240		 Restricted
£
308
308
Restricted
£
308
308		 Total 2025
£
317
317
Total 2024
£
2,548
2,548

All of the charity's investment income arises from money held in interest bearing deposit accounts.

7 Cost of raising funds

Publicity Unrestricted
£
3,159
3,159		 Restricted
£
1,585
1,585		 Total 2025
£
4,744
4,744		 Total 2024
£
2,761
2,761

All expenditure on cost of raising funds is unrestricted unless relating to a specific grant. In 2024 all expenditure on cost of raising funds was unrestricted.

8 Analysis of expenditure on charitable activities

Current reporting period
Staff costs
Peace activities
Office costs
Depreciation
Governance costs (see
note 9)		 Unrestricted
£
108,172
89,280
12,087
16,939
2,873
229,351		 Restricted
£
14,857
18,475
12
-
-
33,344		 Total 2025
£
123,029
107,755
12,099
16,939
2,873
262,695

33

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

Previous reporting period
Staff costs
Peace activities
Office costs
Depreciation
Governance costs (see
note 9)
9
Analysis of governance costs
Current reporting period
Trustees' expenses
Accountancy fee
Independent examination fee
Other governance costs
10
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Interest payable
Auditor's remuneration - accountancy fees
Independent examiner's fee		 Unrestricted
£
182,395
6,725
4,915
20,285
4,912
219,232		 Restricted
£
21,642
489,018
8,056
-
-
518,716
Total 2025
£
413
1,800
550
110
2,873
2025
£
16,939
5,250
1,800
550		 Total 2024
£
204,037
495,743
12,971
20,285
4,912
737,948
Total 2024
£
1,346
1,680
525
1,361
4,912
2024
£
20,285
4,812
1,680
525

34

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

11 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security costs
Other costs
Pension costs		 2025
£
115,318
2,236
553
4,922
123,029		 2024
£
183,636
10,991
1,999
7,411
204,037

No employees has employee benefits in excess of £60,000 (2024: Nil).

The average number of staff employed during the period was 6.3 (2024: 6). The average full time equivalent number of staff employed during the period was 4.6 (2024: 5).

In 2025 the key management personnel of the charity comprised the Curator and a Freelance Development Officer along with the Marketing and Communications Co-ordinator and the Administrator whilst the Curator is on Family leave. In 2024 they comprised the Executive Committee of Trustees, along with a Museum Director in post from February to November 2024. The total employee benefits of the key management personnel of the charity were £45,379 (2024: £39,585).

12 Trustee remuneration and expenses, and related party transactions

No trustee nor any persons connected with them received any remuneration during the year (2024: Nil).

Two (seven) trustees received travel and subsistence expenses during the year of £413 (2024:£1,346).

Aggregate donations from related parties were £50 (2024: £Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Eithne Bolton, a trustee of The Peace Museum until November 2024, was also a director of EGBG Ltd. In 2024, the charity paid £8,450 to EGBG Ltd for services provided during the year, as the final part of an agreement made in 2023.

One of the trustees is also a trustee of The Commonweal Trust, which reimburses The Peace Museum for salary and related costs for the Collection Development Worker and the Outreach Worker.

35

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

14 Fixed assets: tangible assets

Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year Disposals
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
Debtors
Amounts receivable
Gift Aid tax recoverable
Prepayments and accrued income		 Furniture &
equipment
£
138,826
1,041
-
139,867
31,323
16,282
-
47,605
92,262
107,503		 Computer
equipment
£
7,805
-
-
7,805
6,491
657
-
7,148
657
1,314
2025
£
50
5,537
51,968
57,555		 Total
£
146,631
1,041
-
147,672
37,814
16,939
-
54,753
92,919
108,817
2024
£
2,393
7,348
54,504
64,245

15 Debtors

36

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

16 Cash at bank and in hand

Short term deposits
Cash at bank and on hand
Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals Deferred income
Taxation and social security costs
Key Fund investment loan
Deferred income
Deferred grant brought forward
Grant received
Released to income from charitable activities
Deferred grant carried forward		 2025
£
6,956
105,034
111,990
2025
£
4,348
4,858
-
(4,379)
15,385
20,212
2025
£
-
-
-
-		 2024
£
10,148
85,323
95,471
2024
£
1,020
2,903
-
1,626
15,385
20,934
2024
£
1,000
-
(1,000)
-

17 Creditors: amounts falling due within one year

18 Deferred income

37

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

19 Creditors: amounts falling after more than one year

Key Fund Loan
Repayable after more than 5 years by instalments		 2025
£
106,410
106,410
44,871		 2024
£
121,794
121,794
60,256

The loan financing is in the form of an unsecured loan with a 3.5% flat interest rate per annum.

20 Analysis of movements in restricted funds

Current reporting period
Acquisitions fund
Art Fund
Arts Council England:
In Common
Museum Development
North Responsive Grant
Balance at
1 January
2025
£
6,633
34,205
-
-
40,838		 Income
£
308
-
17,985
500
18,793		 Expenditure
£
-
(18,322)
(16,107)
(500)
(34,929)		 Transfers
£
-
-
-
-
-		 Balance at
31
December
2025
£
6,941
15,883
1,878
-
24,702

38

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

Previous reporting

Previous reporting
period
Balance at
1 January
2024
£
Acquisitions fund
5,000
Premises rent fund
35,717
Access Reach grant
14,400
Northern Cultural
Regeneration Fund
29,687
City of Culture -
National Lottery Heritage Fund -
Other
-
Art Fund
-
Joseph Rowntree
Charitable Trust
-
84,804		 Income
£
308
-
-
-
150,000
245,651
8,583
48,883
20,000
473,425		 Expenditure
£
-
(35,717)
(14,400)
(29,687)
(150,000)
(245,651)
(8,583)
(14,678)
(20,000)
(518,716)		 Transfers
£
1,325
-
-
-
-
-
1,325		 Balance at
31
December
2024
£
6,633
-
-
-
-
-
-
34,205
-
40,838

Name of restricted fund

Description, nature and purposes of the fund

Acquisitions fund For the purchase of further Acquisitions for the Collection Rent Fund For the rental costs of the new premises Access Reach Grant For Business Planning Northern Cultural Regeneration Fund For Equality, Diversity and Inclusion work Imagine Fund "Creating the Peace Museum for the Future" - development of new exhibition space Art Fund "Reimagine - Audience & Participation" - staffing and event costs Joseph Rowntree Charitable Trust "What is Peace?" exhibition and staffing costs Arts Council England: In Common Greenham Common Peace Camp exhibition, events and staffing costs to install Museum Development North Responsive Grant New fundraising materials for the gallery

39

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

21 Analysis of movement in unrestricted funds

Current reporting
period
General fund
Designated fund:
Premises General
Fund
Previous reporting period
General fund
Designated fund:
Premises General
Fund		 Balance
at 1
January
2025
£
84,967
-
84,967
Balance
at 1
January
2024
£
124,003
63,743
60,260		 Income
£
258,683
-

258,683
Income
£
184,282
184,282
-		 Expenditure
£
(232,510)
-
(232,510)
Expenditure
£
(221,993)
(161,733)
(60,260)		 Transfers
£
-
-

-
Transfers
£
(1,325)
(1,325)
-		 As at 31
December
2025
£
111,140
-
111,140
As at 31
December
2024
£
84,967
-
84,967

Name of unrestricted fund

Description, nature and purposes of the fund

General Fund The free reserves after allowing for all designated funds Premises General Fund For the alteration costs of the new premises Designated Property The fixed assets are essential for the future operation of the charity and so are excluded Assets Fund from free reserves.

22 Analysis of net assets between funds

Current reporting period
Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total		 General
fund
£
92,919
124,631
(106,410)
111,140		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
24,702
-
24,702		 Total
£
92,919
149,333
(106,410)
135,842

40

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

Previous reporting period
Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total		 General fund
£
108,817
97,944
(121,794)
84,967		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
40,838
-
40,838		 Total
£
108,817
138,782
(121,794)
125,805

23 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years
Over five years		 Property
2025
2024
£
£
35,166
42,272
105,726
120,020
60,000
80,000
200,892
242,292		 Equipment
2025
2024
£
£
-
-
-
-
-
-
-
-		 Equipment
2025
2024
£
£
-
-
-
-
-
-
-
-
-

24 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2025
£
2024
£
10,037
(83,002)
16,939
20,285
(317)
(2,548)
6,690
(18,552)
(722)
(12,743)
32,627
(96,560)

41

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

25 Previous year's Statement of Financial Activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities:
Total expenditure
Net income/(expenditure) for the year
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
funds
£
funds
£
93,844
2,685
86,939
464,534
1,259
5,898
2,240
308
184,282
473,425
2,761
-
219,232
518,716
221,993
518,716
(37,711)
(45,291)
(1,325)
1,325
(39,036)
(43,966)
124,003
84,804
84,967
40,838		 Total funds
2024
£
96,529
551,473
7,157
2,548
657,707
2,761
737,948
740,709
(83,002)
-
(83,002)
208,807
125,805		 Total funds
2023
£
52,065
160,005
213
6,634
218,917
5,078
253,108
258,186
(39,269)
-
(39,269)
248,076
208,807

42

The Peace Museum

Notes to the accounts for the year ended 31 December 2025 (continued)

43