2025-03-31-accounts

Company Registration No. 3362107 (England and Wales) Charity Registration No. 1062400 The Dorset Natural History and Archaeological Society (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025

Tbe Dorset Nathral History and Arcbaeological Society Contents Reference and Administrative tktails Report of the Trustees 2-12 Independent Auditors Report 13-16 Statement of Financial Activities 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 2041

Tbe Dorset Iyarnral History alld Archaeologlcal Soclety Reference and Administrative Detsils Charity Name The Dorset Natural History and Archaeological Society Other Names Dorset Museum Trustees Tracy Chevalier Claire Dixon David French Jean Lang (Chair) Sian Merriott (stood down January 2025) Hazel Orniond Tracey Parsons Peter Sharnian Laura Southall Jim Smylie (stood down September 2024) David Tucker Morag Wood Dorset Council Representstive Cllr D Northam (stood down December 2024) Registered Office Dorset Museum 66 High West Street Dorchester, DTI I XA Company Registration Number 3362107 Charity Registration Number 1062400 President Sllsa￿ Lady Bradbury Vice-Presidents G Pitt Rivers OBE DL P Seaton Sir P Williams Bt. G Yarker BEM FSA Executive Director C Dixon Auditors Scott Vevers Ltd Chartered Accountants and Registered Auditors 65 E&8t Street Bridport, DT6 JLB Bankers Lloyds Bank pl¢ 1-2 High West Street Dorchester, DTI I UG Solicitors Humphries Kirk 40 High West Street Dorchester. DTI I UR I￿v￿tment Advisors Charles Stanley & Co Ltd Mey House Bridport Road Dorchester, DTI 3QY

The Dorset Natural History and Arcbaeological Society AnDual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 Introduction The Trustees. who are also Directors for the purposes ofthe Companies ACL present their report and the fmancial statements of the Charity for the year ended ) l March 2025, which are also prepared to meet the requirements for a Directors, Report and Accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in not¢ I to the financial statements and comply with the Charites Act 201 I, the Companies Act 2006, the Memorandum and Articles of Associatio￿ and Reporting by Charities". Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102). Reference aDd Administrative Details Admini.%trntive infnrniation is given in a separate section at the front of these accounts. STRUCTURE, GOVERNANCE AND MANAGE￿E1￿[ The Dorset Natural History and Archaeological Society ("Ihe Society" DNHAS") is an educational charity which is an incorporated charitable tn]st and a company limited by guarantee (Charity number: 1062400 Company number: 3362107). The Society and its Museum. Dorset Museum, is owned by its members. The members elect a Board of Trustees who are responsible for the overall strategy and governance of the Society and its Museum. The charity is variously referred to throughout this report as either '%he Charity" the Society" or '%he Company" The governance of the Society and its Museum is set out in Articles of Association approved by Companies Hous¢ and the Charity Commissioners and registered on 7 December 2012. In addition, there is a set of 'Regulations' which were adopted by the Board of Trustees of the Society at a meeting held in July 2014 and further updated in February 2020 and January 2021. They are a revised version ofthe 'Rules ofth¢ DNHAS, adopted in Match 1998. They reflect the Board's cu￿ent understanding of th¢ governing Articles of Association and provide supplementary details relevant to their practical application in the operation of the Society. Direetors and Trustees The Directors of the Company are the Charity's T￿￿te¢S for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving durlng the year and since the year4nd are as follows: Tracy Chevalier (elected December 2023, s¢¢ond tenn) Claire Dixon (by virtue of her posltion as Director from 17 July 2023) David French (¢lected December 2023, second tenn) Jean Lang (Chair) (¢l¢cted December 2023, second term) Sian Merriott (elected December 2021, second terni- stood down 15 January 2025) Hazel Onnond (elected December 2024) Tracey Parsons (elected December 2023. second terni) Peter Sharman (elected December 2022) Jim Smylie (elected December 2021- stood down 27 September 2024) Laura Southall (elected December 2022) David Tucker (elected December 2023) Morag Wood (elected Dec¢mber 2021, second terni) Dorset Council Representative Cllr D Northam (stood down December 2024 to reflect a constitutional Change)

Tbe Dorset Natural History and Archaeological Society Annual Report of tbe Trustees Uncluding Directors, Report) Year Ended 31 March 2025 None of the Trustees has any beneficial interest in the Company. All of the T￿￿e¢S are members of the Company and guarantee to contribute £ l in the event of a winding up. Eleven of the Trustees are elected by members of the Society at the Society's Annual General Meeting following a call for nomination to memb¢rs and external advertisement. These eleven Trustees serve a three-year tern] with the option of offering themselves for a second three-year tenn. (Trustees who have served for six years are not eligible to stand for re-election without a period of at least one year out of office). The remaining Trustee is the Executive Director. Prior to December 2024 when a constitutional change was made, the twelfth Trustees was appointed by Dorset Council. New Trustees are introduced to the governance, objectiv¢s and activities of the Society by the Executive Director 8nd Board Chair and provided with Charity Commission advisory documents. The Board of Trustees has ultimate responsibility for the Society. The Board sets overall strategy and makes decisions on all major policy and constitutional issues. It is responsible for the final approval of the annual budget and accounts, monitoring the solvency of the Society and safety of its &55ets. All Trustees sign a declaration of their eligibility to stand and record relevant details in a Conflict of Interest Register which is updated annually. Th¢ Board meets quarterly but keeps the frequency and effectiveness of its meetings under review. The Regular subcommittee of the Board is: The Finance Committee of the Board, which monitots and helps set both revenue and capital budgets for the Society. It also oversees and scrutinises matters relating to the Society's investments, reserves including monitoring movement in pension liabilities, financial policies and oversight of health and safety and compliance. The Board sets up sub groups as necessary. During the year the Health and Safety wup has met regularly, ce&sing in October 2024 with the positive outcome of the Health and Safety Audit. This will be kept under review. The Society is managed and developed by the Executive Director and the staff in accordance with the strategy, and within the budget. set by the Board. The Executive Director and staff are supported in delivering these activities by a large number of volunteers. The Board and staff use the Museum Accreditation rules of the Arts Council of England (ACE) and the policies of th¢ Museums, Association and Association of Indep¢nd¢nt Museums as guidelines in operating and developing the Museum & Art Gallery, whtch has filll Accreditation status with ACE. The Museutn & Art Gallery is a member of the Wessex Museums Trust, which has been recognised as an ACE National Portfolio Organisation for the period 2022-2027. The Society is represented on the Wessex Museums Trust's board by the Executive Director. OBJECTIVES AND ACTIvfTES The objectives of the Society are: The advancement of education for the general benefit of the publi¢ in the are&5 of archaeology, the natural sciences, natural history. literature, music, the fine and decorative arts, antiquities and local history relating more especially to the County of Dorset. The acquisition, preservation, Conservatio￿ &thibition and development (as far as possible) of collections relating to archaeology. the natural sciences, natural history, literature, music, the fine and d¢cordtive arts. antiquities and local history relating more especially to the County of Dorset.

The Dorset Natural History 2nd Arcbaeological Society Annual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 Success is assessed in ternis of numbers of visitots to Dorset M￿¢Um & Art Gallery and of the users of the collections. and the qualitative feedback they give. The numbers of educational and other groups, the individuals involved and the feedback they provide, gives further quantitative and qualitative dat &8 does evaluation of the number attending events and ￿sIng publications. Where achievable, economic and other impacts on the community are assessed through targeted studies. The incom¢ generated compared with th¢ expenditure needed to undertake them provides critical measures of financiaI short- tern) viability and long-term sustainability. ACHIEVEMENTS AND PERFORMANCE Overview Claire Dixon. Executive Direetor and Jean LanLS Chair ffrf the R(bxrd (bf Tru4te.es Dorset Museum & Art Gallery began this financial year with an ongoin& long-tern] financial Challenge and need for continued significant visitor growth. It has been critical to secure sufficient income to cov¢r increased tunning costs caused by the relatively new building and economic climate. We continued to invest the £250,000 of resilience funding from the National Lottery Heritage Fund (NLHF) for specific worL including new digital marketing Strate￿es, a national Vli plan and a high-quality exhibition programme alongside some other smaller workstreams. We have continued to significantly exceed the visitor numbers achieved in the first few years since re-opening but fell slightly behind the previous year. Exhibitions continued to be critical to foorfall, notably the Wildlife Photographer of the Year that was displayed during the Summer months. The periods when ther¢ was no exhibition were longer than ideal and the impact on footfall wgs evident. We require continued growth to achieve a position of sustainability, but we have been very successful in reducing our expenditure and securing income through grants and Eegacies, to deliver a surp1￿$ budget. Whilst this is an incredible achievement, it does not indicate long-t¢rn] sustainability due to the inability to predict income through legacies, grants and donations. A clear focus on rnarket1n￿PR and high-quaEity exhibitions continues to be crucial to our long-term survival and success. Externally, we continue to face the challenges caused by the war in Ukraine, the impact of Brexit on tourism, the cost-of-living crisis and economic uncertainty. In addition, the uncertainty caused by the recent budget announcements makes it difficult to rely on or anticipate any long-tern] support from government funding. This is further echoed by the Arts Council review and extension to NPO funding until 2028, due to insufficient cultural strategy being available to inforni the funding round that had been expected in 2025. We cannot understand the long-terni future of cultural funding and investment until the review outcomes are known and the impact of devolution is fillly understood, as central funding could be reallocated to local and mayoral authorities. Our efforts to build a positive relationship with Dorset Council and target the Dorset tourist market during the summer period have proven critical. Our working relationship with the Council indicates positive supporL as demonstrated by their investment in our energy solutions, collection storage, partnership working and cultural investment. Now that we have a 11 year of data to indicate our potential reach and understand how to best market our offer, committing ore budgets to ongoing development of marketing and PR is ¢ritical to our long-terni success, &$ we come to the end of the NLHF Resilience Grant. This year, learning participation has continued to grow, with record numbers of schools booking sessions, workshops and visits as part of the 'Gladiators of Britsin, exhibition. This will create a legacy of new workshop options for future years, aligning with the National Curriculum beyond the life of the exhibition. Our work with local community groups continues to increase participation amongst those traditionally underserved by heritage, with new groups engaging including Age UK. Attendance at events continues to be mixed but a new pricing structurc and approach from January 2025 has deliver¢d more consistency and ensured events are profit making at point of delivery. Free to enter events continue to b¢ hugely popular, enabling those to visit who would otherwise be prevented by the financial barrier

The Dorset Nathral History and Arcbaeological Society Annual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 of an admission fee. Wedding bookings continue to diminisEL with many more Museums and heritage institutions ceasing to offer them, due to their high cost and impact on capacity with limited financial benefit. We renewed our wedding license and welcomed a small number of bookings, keeping this under review to ensure all comm¢r¢ial activity is profit driven and not compromising our core offer or visitor experience. Other privat¢ room hire h&s increased and the Christmas season remains the most significant for generating income. We continue to receive excellent feedback about the Museum & Art Gallery, our exhibitions and the friendliness of our staff and volunteers. W¢ won awards from Dorset Tourism, Arts Council England and Visit England, demonstrating our high quality offer. The Society's financial crisis remains present, but the success of this financial year means we have protected our reserves, generating a small surplus. We received final payments of grants and donations previously committed as part of the transformation project. We secured a Headley Trust grant commitment of £36,000 per year for three years to support our work in archaeology. We were granted £5,000 by the Alice Ellen Cooper Dean Trust and received more than £52,000 in legacies. A new approach to admissions has encouraged an increase in general donations and we again secured Museum and Galleries tax relief to offset related expenditure from the core budgel. Mosl significantly, visitor footfall growth h&8 continued to exceed that of the first few years of re-opening, despite us programming fewer exhibitions. We saw a slight fall in gift aid, a priority income area for future years. Retail perfornied well with the new shop products increasing our profit margins. Overall, our annual income dropped by almost £44,000 before investments, largely due to the reduction in comn]er¢ial events. However, our expenditure was reduced by more than £42.000 before depre¢iatiorL I￿gelY accounted for by rationalising contracts and costs, a small restructuring of staff and grant funding to offset core costs, notably marketing and exhibitions. Much of this funding cannot be relied on long term and it is not currcntly anti¢ipat¢d that a surplus budget will be achieved in future years, although work will continue to secure grants and donations to support our core work We continue to demonstrate thaL with appropriate levels of investment in our public programme and marketing, we can achieve the required levels of footfall and income to achieve a posltion of viability although the Board recognises it r¢mains a challenge. Visitor Numbers This year we welcomed 39,868 visitors to the museum, which was 60 % ahead of 2021-22 and 2022-23, but 140/0 down on 2023-24. This is largely due to the huge success of Elisabeth Frink that drove up visitor numbers during 2023-24, as well &s longer periods between exhibitions. These gap5 in our programtne will be reduced in future years Colleetions Management All Saillts We have continued to move Collections from this building and funding enabled the recruitment of a Curator of Archaeology, which will accelerate this work over the next three years. The Curator of Archaeology has written an All Saints Church Project Strategy that outlines work objectives. logistics, safety recommendations and priority steps. Discussions are taking place with Dorset Council, to explore other buildings we might relocate our collections to. Collections Seven photo slide cabinets were moved to the Dorset History Centre The Geology collection moved to the CDC and has been organised in StratI￿phiC order The Photography collection moved to the cr￿ except for five parish boxes whose photographs are being digitised in the CDC before beÈng moved, the nitrate collection remains under review Some of the social history collection has been frozen where necessary and moved from Old School into the CDC

The Dorset Natural History and Archaeological Society Annual Report of the Trustees Uncluding Directors, Report) Year Ended 31 March 2025 We secured Treasure from Charlton Marshall, Stalbridge, Melcombe Horsey. Hilton, Sixpenny Handley, Wootton Fitzpaine and Halstock Acquisitions included a painting called Askerswell Hoard by Brian Rice, a Tomasina Rackett 18 ¢ntury toy collectiotL a small number of artworks by contemporary Dorset-b&sed artist Martyn Brewster, two drawings from the Powys Society, a silver salver presented to Reverend and Mrs Henry Moule in recognition of their work against choler4 two book volumes from Thomas Hardy's library and four framed photographic artworks, The Dorset Stour, by Roger Polley and John Woodman Loans in included collections to support the FrinL Wildlife Photographer of the Year and Gladiators of Britain exhibitions Loans out included human remains and entomology collections for research purposes, a polyptych of four paintings, August Evening, Lyme Regis, by Jeremy Gardin¢T for an exhibition of his worK Turning the ride. at Sherborne Hous& four artworks lent to Russell Cotes Art CTallery k Mii.qe.Iim for its Artists in Pwbeck exhibition, which received over 16,000 visitors. several Frink works for the A View From Within exhibition tour to Museum & Art Swindon and social history folk culture objects for the Wessex Museums touring exhibitio￿ Un/Common People We have progressed to the second stage application, to secure DeSI￿atIOn ststus for the Thomas Hardy collection o Funding from AIM enabled us io progress the documentation of the metalwork collection Section 106 wt fLmded a new de-humidifier and packing materials for All Saints Researchers have worked on the museum's archaeology, natural history, social history and art collections Special ethibitions programme Temporary Gallery: April 2024 - Elisabeth Frink.. A ￿leWfrorn Within July - November 2024- Wildlife Photographer ofthe Year January - May 2025 - Gladialors ofBritain Community Gallery: April 2024: Awakened by Frink July - October 2024- Sensing the P￿t O¢tober-November 2024 Youth Voice "We All Bloom Differently" November 2024 - 21. April 2025 - Community Quilt April - 9 June Weymouth College Take over project 'The Hidden Side of the Museum" June- 23 June 2025 Refugee exhibition Youth Voice T¢mporary Displays: February - July 2024 - John Brown." Revealing the slory of aformer slave in Dorset February- July 2025 - Brynley andNotley Learning and Engagement Schools Programme The forn]al schools programme has seen significant growth this year. The team reached 2,537 pupils, delivering 82 school sessions and engaging 120 pupils through the loan boxes. In additio￿ the Learning Team completed the final year of the Urban Nature Project with Natural History Museum, creating workshops that incorporate Dorset & Art Gallery's Natural history collection. The project requires students to become local experts, help observe and collect new data and take action through science to make a real difference. Pupils explore our hidden collectio￿ discover how early scientists worked and develop their own scientific thinking.

The Dorset Natural History aDd Archaeological Society Annual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 Community Engagement Projects During the year of reportin& 1,219 people were reached through our community engagement work and 30 community sessions were delivered. Highlights include: Meeting Elisabelh Frink A group of people from undetserved audiences engaged with the work of Frink through eight creative workshops that culminated in a display in the con]munity Gallery and the inclusion of their work in the main exhibition. wess￿ in 100 objects Staff, volunteers, community groups and young people came together to select highlights from our Collection to feature in this digital exhibitio Sensing the Pa Staff, volunteers and community groups came together to create a touch and audio display of the art b&8ed project with Dorset Blind Association and Charn]outh Heritage Centre. Community Quilt This was a collaborative project that invited community groups, visitors, volunteers and staff at DoTset Museum & Art Gallery to craft small squares inspired by artefacts from the museum's collection and the history of Dorset. These individual squares were then joined together to create a large, vibrant quilt. Public Engagement activities Heritage Open Days= Th¢ Muscum ran frcc bchind thc sccnes tours for ti¢k¢t holders, all wcrc ￿llY booked. Monthly lecture series: Our monthly l¢cture series continued to see mixed results, with som¢ lectures selling out but others having to be cancelled or held in smaller spaces. A new approach in 2025 that focusses on our exhibition themes or works in collal)oration with partn¢r organisations has seen an increase in participation and ensured a viable way forward, with new free daytime talks on offer as and when speakers offer to contribute to the progTamme. Gallery tours: A regular programme covers a mix of subjects and spotlight taIks. Festival of Archaeology: A progtamme of events included finds days, talks 2nd family workshops. Teachers evening: A teacheTS' event demonstrated to schools what the Museum has Éo offer and encourage future bookings. 'Relaxed and Quiet openings, have moved to a regular monthly slot and engagement and participation is slowly increasing Exhibition5: An events programme is created to support our exhibitions, including lectures, trails and family activities during school holidays. Storytelling." Regular sessions have taken place monthly since June, welcoming 45 participants Family activities: 15 activities delivered during school holidays engaging with 323 children and their families. Christmas w&8 impacted by the sad loss of a volunteer who had led this the previous year, so new workshops were organized at short notic¢ with little marketing and had to be cancelled. The piogratnme will be reviewed for 2025

The Dorset Natural History and Arcbaeological Society Annual Report of the Trnstees Uncluding Directors. Report) Year Ended 31 March 2025 Fundraising Grants Section 106 DC SLA All Saints Robinson Alice Ellen Cooper Dean Trust Dorchester Town Council Pilgrim Trust Shigeru Fujita Weld Moule and Du Boulay Wessex (Frink) Wessex (Budget reliefj NHM Urban Nall￿e Project £ 21,549.50 £ 50,000 £ 10,994 £ 51)0 £ 5,000 £ 31)0 £ 4,420 £ 1,000 £ 20,000 £ 95,185 £ 11,669 £ 32.138 £ 23,071 Legacies £52244 FINANCIAL REVIEW Financial Report The accounts which are highlighted within this report show a trading period of the financial year running l April 2024- 31 March 2025. Total income received for the year ending 31 March 2025 was £l.011,150 Compared with £1,055,745 in 2024. Total unrestricted income including corporation tax recoverable. investment and pension gains for the year ending March 2025 was £1,068.484 (2024: £1,058,146) with expenditure of £1, 111,733 (2024: £1,186,562). This included a depreciation amount of £10,301 (2024: £14,122), th￿$ showing a surplus of £51,936 (2024: deficit of £128,416) after funds transfer. Restricted fund income for the year ending 31 March 2025 was £236,159 (2024: £183.701) with expenditure of £492,837 (2024: £1,603,392) this includcd a depreciation amount of £322,128 (2024: £1,461,225) which is related to the capital project. During th¢ year, the charity reviewed the pattern of consumption of economic benefits associated with its land and building improvements. As a result, the Trustees changed the depreciation method applied to these assets from the 10 years straight line method to the 50 years straight line method. The Trustees consider that depreciating th¢ assets over 50 years reflects the expected usage pattern and future economic benefits of the land and building improvements. Th¢ impact of the change in the current financial year was a decrease in depreciation expense of £1.139,097 with a corresponding increase in the net income of the charity. Prior period fjgures have not been restat¢d. Total funds carried forward &s at the ¢nd of this fiscal year were £1 1.129,711 (2024: £11,429,638), including restricted funds of £1 0,586, 104 (2024: £10.937,967). As noted elsewhere in the report and in the accounting policies the charity has agreed with Dorset Council. that this will be postponed until 2027128 with an agreeable inter¢st rate in place.

The Dorset Natural History and Archaeologieal Society Annual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 Regarding the ongoing op¢rational financial stability ofthe clwity, we have againmoved closer to reaching the levels of income and expenditure required, to enable the Society to operate viability by 2026 but this is based on unpredictable income including grants and legacies. We continue to rely on income assumptions relating to donations, exhibition tax relief and core funding grants whilst footfall increases. but not sufficiently to offset core expenditure. Our investment portfolio which is managed by our agent Charles Stanley is continually monitored under strict guidelines therefore protecting our investments and reserves during this volatile time. RESERVES The reserves of the Society consist of all unrestricted funds that are not linked to f￿ed assets or required for specific purposes. These unrestricted funds are reduced by the pension fund deficit. The Trustees continue to monitor the pension liabilities and the reserves of the Society closely and are aware of the need to match variable income against fixed commitments. wilh day-to-day working needs being met by careful management of short-terni liquid resources. The main m￿eum building was gifted io The Dorset Natural History and Archaeological Society. The main Museum buildings, which are made up of the Crickniay Building (including part of the Victorian galleries). Williams House and the Brawne Extensiory have not been capitalised in the BaIance Sheet, &8 reliable cost information is not available and it is not considered beneficial to the users of the Financial Statements to attempt to establish an estimated valuation. However. the property is insured for £35.2m. RISKS Risk logs for the Society are maintained and kept under regular review. The main risks for each that were managed during 2024-2025, along with their statlls at the final year en(L were &s follows: Risk Description Visitor numbers remain consisiendy ioo low for the income from commercial activities and grants to Compensate Mitigation Grants requested, debt management being negotÉated. plan in place and increase to marketing budget p¢nding approval, costs understood and man 2023 budget is based on visitor numbers experienced in 2022 with an uplift in entrance fees due to changes in charging. 2024 will be based on new marketing strategy to support growth. Dors¢t Museum becomes competitive in Dorchester, Dorset and the South West. Handover notes in place Salary reviews have resulted in positive adjustm¢nts Employee Support Programme in place Mental Health First Aid being put in place Recruitment plan in place Fewer than expected visitors to Dotset due to Covid-19 1 Cost of living Staff departures I staff burnout Government action limits tourism economy without compensation Safeguard any surplus from previous years Income diversification plan implemented

The Dorset Natural History and Archaeological Society Annual Rewfrrt of the Truste&s Oncluding Directors, Report} Year Ended 31 March 2025 General changes in heritage landscape of Dorset challenge Dorset Museum and limit visitor numbe￿ e.g. Jurnssic Coast Museum and Weymouth Museum Remain closely in touch with storyline developmenL nurturing positive partnerships. Ensure offer at Dorset Museum continues to evolve. offering new experiences. Review joint ticketing options and / or complementary activities. Renew digital engagement which has the edge over larger, more corporate sites. Maintenance works requires museum to close Buildings are well maintained and risks understood Communications management plan, to ensure individuals are protected and a corporate respons¢ is provided. Br¢ra PR to provide support. Training to be provided to Trustees and SMT Proccsscs arc agrccd from th¢ outset to cnsu risk register is fully addressed. Staff are supported to lead the process by SMT Board of Trustees provide additional mentoring and support Finance c aci is monitored Reserves will need to be used to manage any spike in inflation Mid-year reforecast improves understanding of risk Alternative funding sources to be considered Income diversificalion required Plan B 2nd plans for closure to be worked up Access to collections is recorded and tracked via digital keys and SI￿ in books. regular Staff presence across collection sites H&S Action Plan is in place with all critical actions complete, support from specialist advisors is available and in use Safeguarding policy has been reviewed, training is in progress, new processes ensure effective reporting and recording, safeguarding Trustee nominated to su rtDSO All requir¢ments of cyber insurance have been met with regular scanning being done and responses to actions and notifications being recorded Competitive salaries improved but not meeting MA guidelines and remain und¢r review, retention still ositive. Good forward planning is essential to manage supply chain issues, understanding contingency need SociaI media challenge or negative I unfriendly publicity arising from programming themes. Wessex Museums Partnership choilenges the capacity of core staff within DNHAS Price inflation provides pressu￿ on all areas of non-salary spending, disproportionately incrth8ing costs io Museum doesn't generate surpluses 202415 onwards Theftlvandalism to collections 12 Lack of Health and Safety compliance leads to major incident 13 Lack of appropriate safeguarding provision leads to major incident 14 Breach of cyber security 15 Employment market very challengin& particularly for cole skills 16 Global instability disrupts activity, e. materials supply, consumer confidence, energy and services 10

The Dorset Natural History and Archaeologieal Society Annll21 Report of the Trustees Oncluding Directors, Report) Year Ended 31 Marcb 2025 17 Decisions I position on local issues or progratnming themes draw public criticism, disenfranchises members IT transition fails and IT support andlor cyber security is compromised Good governance is uphel4 a clear and unambiguous statement is issued about decision makin& context and conclusions Current provider is overseeing recruitment and transition and will be available to support &8 needed. Recruitment committee set up to identify process for new Tn￿eeS 18 19 Change in key trustees or reduction in overall Board membership e.g. Chair, Finance Chair 20 Extreme weather event Temporary closure of site. Install signs and e website and SM comms All staff are encouraged to get Covid_19 and flu vaccines and boosters Dispersed working is still possible for some and Covidsafe measures aTe ado ted Working from home enabled, SMT meets regularly. Time off allowed for vaccines, booster jabs LegaI advice being taken and actions taken in line with advice 21 Covid_19 resurgence significantly increases sickness absence 22 Covid-19 causes long-term absence of a senior manager 23 Legal challenge impacts on financial resources and public reputation PLANS FOR FUTURE PERIODS The focus of th¢ Society's plans in the immediate future remains th¢ sustainability of the Museum. Primary workstreams which must b¢ achieved over the coming years are: Continuation of the new Marketing Strategy to drive footfall and put Dorset on the map. Fiiithicial sustainability through footfall growd4 driv¢n by a strong cxhibition programm¢, commercial income enabled by effective pricin& effective fundraising to support core work, management of expenditure Revised pricing to ensur¢ all commercial activity generates sutTicient profits. Ongoing care for world class collections to enable learnin& research and participation Clear oversight of compliance including Health and Safety, HR and Safeguarding to protect and develop staff and volunteers, manage capacity, protect wellbeing and enable outputs to support income growth. To bring equity, diversity and inclusion into everything we do To respond actively and responsibly to the climate emergency Our Forward Plan and Actlvlty Plan are set out in detail and managed by theTru5tees. STATEMENf OF TRUSTEES) RESPONSIBILfTIES The Trustees (who are also Directors of Th¢ Dorset Natural History and Archaeological Society for the purpose of company law) are responsible for preparing the Trustees, Report (incorporating the Directors. Report) and the financial statement in accordance with applicable law and United Kingdotn 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 affai￿ of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the period. In preparing these financial sL4tements, the Trustees are required to:

The Dorset Natural History and Arcbaeological Society Annual Report of the Trustees (Including Directors, Report) Year Ended 31 March 2025 select suitable accounting policies and then apply them consistently. C observe the methods and principles in the Charities SORP 2019 (FRS 102). E make judgments and accounting estimates that are re&8onable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departuies disclosed and explained in the financial statements; E, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking re&sonable qtepq fnr the preventinn and detection of fraud and other irregularities. In so far &s th¢ Trust¢¢s are aware: There is no ￿levant audit inforn]ation of which the charitable company's auditor is unaware. and E, The Trusiees have taken all steps that they ought to have taken to make themselves awaTe of any relevant audit inforniation and to establish that the auditor is aware of the infonnation. The Trustees are responsible for the maintenance and integrity of the COTporat¢ and financial inforn]ation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissari￿ffl of financial statements may differ from legislation in other jurisdictions. Auditors The auditors, Scott Vevers Ltd, are deemed to be re-appointed under Section 487(2) of the Companies Act 2006. Small company provisions This report h&8 been prePa￿d in accordance with the small companies regime under the Companies Act 2006. On behalf of the board Mrs J M Lang, Cha of the Board of T tees Date:... 12

The Dorset Natural History aDd Archaeologi¢21 Society Independent Auditors, Report to the Trnstees Year Ended 31 March 2025 Opinion We have audited the financial statements of The Dorset Natural History and Archaeological Society for the year ended 31 March 2025 set out on pages 17 to 41. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is made solely to th¢ charity's TTUSte¢s, as a body, in accordance with Part four of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pern]itted by law, we do not accept or assume responsibility to anyone other than the charity and the charitabl¢ cotnpany's Trustees as a body. for our audit work, for this report. or for the opinions we have fonned. In our opinion the financial statements Eive a true and fair view of the state of the charitable Company's affairs &s at 31 March 2025 and of the incoming resources and application of resources, including its income and expendI￿re, 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 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements Ihat are relevani 10 our audii of The financial statements in the UK, including the FRC'S Ethic￿ Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sutTicient and appropiiate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the T￿￿ttes, use of the going concern basis of accounting in the preparation of the fmancial statetnents is not appropriate. or the Trustees have not disclosed in the financial statem¢nts any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concem basis of accounting for a period of at ie&8t twelve months from the date when the financial statements are authorised for issue. Other inforniation The Trustees are responsible for the other inforn]ation. The other inforniation comprises the infomiation included in the Trustees, annual report. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our reporL we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other infomiation and, in doing so, consider whether the other inforn]ation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we 13

The Dorset Natural Hi8tory and Archaeological Society Independent Auditors, Report to the Trustees Year Ended 31 Marcb 2025 identify such material tnconsistencies OT appatent material misstatements, we are required to deterniine whether there is a material misstatement in the financial statements or a material misstatement of the other inforniation. If, based on the work w¢ have perfonned. we conclude that there is a material misstatement of this other inforniatioffj we are required to r¢port that fact. We have nothing to report in this regard. 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 misstat¢ments in the directors, report. We have nnthing tr) repnrt in ￿spect nf the fnllnwing matters tn which the. c.harities Ac.t 2011 requires us to report to you if, in our opinion- the infonnation given in the financial statements is inconsistent in any material respect with the Trustees, Annual Report" or the charitable company h&s not kept adequate accounting records. or the charitable company financial ststements are not in agreement with the accounting records and returns. or we have not received all the inforniation and cxplanations we require for our audit. Responsibilities of Trustees As explained more fully in the Trustees. Responsibilities StateTnent set out on page 10. the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the pr¢paratTon of the financial statements and for being satisfied that they give a true and fail view, and for such internal control as the Tn￿tte$ deterniine is necessary to enable the Preparation of f￿anCIal statements that are free from material misstatemenl whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the choritable company's ability to continue as a going concern, disclosin& as applicable, matters related to a going concern and using the going concern basis of accounting unless the Trustees either intend to liquidats the charitable company or to cease operations, or have no realistic alternalive but to do so. Auditor's responsibilities for the audit of the fiDaDcial statements We hav¢ been appointed as auditor under section 151 of th¢ Charities Act 2011 and rcport in accordance with regulations made under section 154 of that ACL Our objectives are to obtain reasonable assurance about whether the financial statements &8 a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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 missLqtement when it exists. Misstatem¢nts can arise from fraud or eryor and are considered material if, tndividually or in the aggregate, they could reasonably be expected to influenc¢ the economic decisions of ￿serS taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complianc¢ with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in rcspect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 14

The Dorset Natural History and Archaeological Society IndependeDt Auditors, Report to the Trustees Year Ended 31 March 2025 Our approach to identifying and assessing the risks of material misstatement in respect of iTregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. - we identified the laws and regulations applicable to the charity through discussions with Trustees and other management, and from our commercial knowledge and experience of the charity sector. - we assessed the extent of Compliance with the laws and regulations identified above through making enquiries of management. and identified laws and r¢gulations were communicat¢d within the audit t¢am regularly and the team remained alert to instances of non-compli8J]ce throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatem¢nL including obtaining an und¢rstanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud" and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls we: pcrfvnii¥d illi<ilyliL¢iE prvL¥JurcJ lu idtriilify ¢lliy UtiLL4U¢*l ui utirxprLtr¢J trl&iuiJsliipb- tested journal entries to identify unusual transactions" assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. and investigated the rationale behind significant OT unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, w¢ designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation - reading the minutes of meetings of those charged with governance. - enquiring of management &$ to actuat and potential litigation and claims. Because of the inherent limitations of an audit, there is arisk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non- compliance. The risk is also greater regarding irregularities Occ￿1ng due to fraud rather than error, as fraud involves intentional concealmenL forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of th¢ financial statements is located on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forn]s part of our auditor's r¢port. 15

The Dorset Natural History and Archaeological Society Independent Auditors, Report to tbe Trustees Year Ended 31 March 2025 Use of our report This report is made solely to the charitable company's Tn￿tees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those Matte￿ we are required to state to them in an auditor's report and for no other purpose. To the full¢st ¢xtent p¢rn)itted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's Trustees as a body, for our audit worK for this report, or for the opinions we have formed. Scott Vev¢rs Ltd Chartered Accountants & Statutory Auditors 65 E￿t Street Bridport, Dorset DT6 3LB Date: Scott Vevers Ltd is ¢ligible to act as an auditor in terms of section 1212 of the Companies Act 2006. 16

The Dorset Natural History 2nd Archaeological Society Statement of Financial Activitie5 (Including Income and Expenditure Account) Year Ended 31 March 2025 Total 2025 Total 2024 Unrestricted Restricted Endowment Plote Income and Endowments from: Donations and legacies Charitable activitÉ¢s Other trading activities Investments 247.236 375,516 144,566 7,673 235.527 482,763 375,516 144,566 8,305 451,690 405,146 190,691 8.218 632 Total income and endowments 774,991 236,159 1,011,150 1,055,745 Expenditure on: Raising funds Trading activities Charitable activities 1,618 236,018 874,097 1,618 256.976 1,345,976 5,968 257,321 2,526,665 20,958 471,879 Total expenditure 1,111,733 492,837 1,604,570 2,789,954 Net gains/ (losses) on investtnents 17& 18 2,110 2,110 3,747 Net incomel (expenditure) (334,632) (256,678) (591,310) (1,730,462) Transfers between funds 23 95,185 (95,185) Corporation Tax Recoverable 180,383 180,383 87,944 ther recognised gains/ Oosses): Remeasuremcnt gain l (loss) on defmed benefit pension plan 28 111.(M)O 111,000 105,000 Net movement in funds 51,936 (351,863) (299,927) (1,537,518) ReconciliatlOD of funds: Total fullds brought forward 491,171 10,937,967 500 11,429,638 12,967,156 Total funds carried forward 543,107 10,586,104 500 11.129,711 11.429,638 All income and expenditure derive from continuing activiti¢s. The statement of finallcial activities includes all gains and losses recognised during the year. The notes on pages 20 to 41 forni part of these fmancial statenients. 17

The Dorset Natural History and Archaeological Society Balance Sheet as at 31 March 2025 Total 2025 Total 2024 IRegistratioll number: 3362107) Note Fixed assets Tangible assets Heritage assets Investments 14 11,458,830 11,792,510 15 1,130,068 1,128,233 16 167,113 165,569 12,756,011 13.086.312 Current assets Stocks Debtors Cash at bank and in hand 19 20 11,000 105,240 289,662 11,000 128,447 321,785 405,902 461,232 Creditors: amounts falling due within one year 21 (242,202) (217,906) Net current Oiabilities)12ssets 163,700 243,326 Total assets less current liabilities 12,919,711 13,329,638 Creditors: amounts falling due after more than one year 22 (1,790,000) (1.790,000) Net assets excludiDg pension liability 11,129,711 11,539,638 Defined benefit pension liability Net assets 28 (110,000) 11,129.711 11.429.638 Charity Funds Endowment funds Restricted funds Unrestricted funds P¢nsion reserve 23 500 23 10,586,104 23 543,107 23 500 10,937,967 601,171 (i 10,000) Total charity funds 11,129,711 11,429,638 These financial statements have becn prq)ared in accordance with the provisions applicabl¢ tQ COTnpani¢s subject to the small companies regime under the Companies Act 2006 and in accordance with FRS102 SORP. Tb¢ directors ackJ]owledge their responsibilities for complying with the r¢quir¢mcnts of the Companies Act 2006 in respect of accounting records and preparation of accounts. Whilst th¢ company is exempt from audit under Section 477 of the Companies Act 2006 relating to small ompanies and the members have not required an audit uader section 476 of the Act, the company is subject to audit under the Charities Act 2011. The financial statements were approved and authorised for issue by the Board on . i£..Io.2.Iir..... Mrsjm ang, Chair of the T￿￿tee$ The notes on pages 20 to 41 forn] part of these fllwicial ststements. 18

The Dorset Natural History and Archaeological Society Statement of Casb Flows Year Ended 31 March 2025 Total 2025 Total 2024 ote Cash flow from operating activities Tax recoverable l (paid) Net cash flow from operating activities 25 (143,600) 180.383 (119,843) 87.944 36,783 (31,899) Cash flow from investing activities Payments to acquire tangible f￿ed assets Reccipts from sales of tangible f￿ed assets Payments to acquire investments (1,835) (82,151) (7,208) 8,514 3,110 5,015 180 (11,190) 11,660 1,479 5,992 180 Interest received DivAd¢nds r¢ccived Rcnts received from investment properties Net casb flow from investing activities 7.776 (74.030) Cash flow from financing activities Interest paid Net cash flow from fmancing activities (75,942) (64,590) (75,942) (64,590) Net increase l (decrease) in casb and cash equivalents (31,383) (170,519) Cash and cash equivalents at l April 2024 322,009 492,528 Cash and cash equivalents at 31 Mareh 2025 290,626 322,009 Cash and cash equivalents consists of: Cash at bank and in hand Short terni deposits Cash and cash equivalents at 31 March 2025 289,662 964 321,785 224 290,626 322,009 The notes on pages 20 to 41 forni part of these financial statements. 19

The Dorset Natural History and Archaeological Society otes to the Financial Statements for the Ye2r Ended 31 March 2025 Charity status The Dorset Natural History and knchaeological Society is incorporated in England within the United Kingdom and is a charity limited by guarantee. In the event of the charity being wound up, the liability in respect of th¢ guarantee is limÉted to £ I pcr ￿e￿ber of the ckwity. The address of the registered office is given in the cEwity infOrn￿tIOn on page l of these fmancial statements. The nature of the charity's operations and principal activities are set out in the Trustees, Report. Accounting policies Summary of significant accounting policies and key accounting estimate5 Tbe significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all Yea￿ presented unless otberwise stated. Statement of compliance The fmancial s￿leMentS have been prepared in accordall¢e with Accouniing 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 freland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ircland (FRS 102), the Charities Act 2011 and th¢ Companies Act 2006. Basis of preparation The clwity constitutes a public benefit entity as def￿ed by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Accounting convention The financial statements have been prepared on a going concern basis as the trustees believe that no material un¢¢rtainties exist. The trustees have considered the level of fi￿dS held and the expected level of income and expenditure for 12 months from authorising these fu￿]CIal statements. The budgeted income and expenditure is sufricicnt with the level of reserves for the charity to be able to continue as a going concern. Funds Unrestricted funds are available for use at the discretion of the t￿￿teeS in furtherance of th¢ gencral objectives of the charity and which have not been designated for other purposes. D¢signated funds comprise unrestricted fun(Ls that have been s¢t aside by the trustees for particular purposes. The aim and use of each designated fL￿d is set out in the notes to the f￿anciaL 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 charity for particular purposes. The Cost of raising and administering such funds are Charged against the specific fun& The aim and ￿se of each restricted fund is set out in the notes to the financial statements. Endowment funds represent those assets which must be held peTmanentEy by the charity. Income arising on the endowment funds can be used in accordan¢¢ with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments forn] part of the fund. Investment management charges and legal advice relating to the fi￿d are clwged against the fund. 20

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 Accounting policies (continued) Income All incoming resources are included in the Statement of Financial Activities (SOFA) wben the charity is legally entitled to the income after any performance conditions have been met. the aTuount can be measured reliably and it is probable tbat the income will be received. Income from donations and legacies is recognised in the year in which they are receivable when there is eviderlce of entitlement, receipt is probable and the amount Can be reliably measured. Where income has not been received for gift aid claims relating to donations received in the year, incom¢ is accrued. Income from charitable activities includes membership and admissions income. Membership income is accountcd for, in full, in the year that the membership cortLuJenc¢s. Admission income is recognised on a cash basis, in the ycar the income is physically receiv 'Ji Income relating to sales booked online is recognised in the period in which the C￿sE0Mer visiis ihe museutn. Any income received where the customer has not yet visited is deferred. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not Jnet tben these amounts are defe￿ed. Investtnent income is earned througb holding assets for investtnent purposes such as shares and property. It includes dividends, interest and rent. Wbere it is not practical to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount Can be measured reliably. Jnterest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's rigbt to re¢¢iv¢ payrnent is established. Expenditure All expenditure is accounted for on an aCcn￿S basis. Expenditure is recognFsed where tbere is a legal or constructive obligation to rnake payments to third parties. it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the activity for whicb expenditure arose. Raising funds is expenditur¢ incuffed in respect of trading activities carried out by the charity. Cl￿ritable activity expenditure comprises costs incurred by the charity in the delivery of its activiti¢s and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Grants payable are at the discretion of the Trustees. GovcTnan¢e costs are thosc costs asso¢iafrd with the governance arrangemcnts of the charity and relate to the general running of the charity as opposed to the costs associated with cbatitable activities. Support costs allocations Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, adjninistrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Wbere support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable ￿tIvItI¢S on a basis consistent with use of the resources. with central staff costs allocated on the basis of titne spent, and depreciation charges allocated on the proportion of th¢ &ss¢t's ￿e. Other support costs are allocated based on the spread of staff Costs. 21

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 Accounting policies (continued) Tangible rued assets, including heritage assets Tangible fixed assets and heritage assets, held for continuing ￿se by thc charitable company, arc recorded at original cost, or in the case of donated assets, at valuation. It is the policy of the charity not to capitalise heritage assets belonging to the Museury where a reliable eStin￿te canrAOt be made of the asset's fair value or the inforn)ation on cost or value is not available and which cannot be obtained at a cost which is conmiensurate with the benefits to the users of the financial statements. Th¢s¢ ar¢ in ¢ff¢ct inalk¢nabl¢, held in perpetuity, and are mostly irreplaceable. Any fmancialLy based valuation would b¢ misleading to the value and significance of the material culture involved. The charity has a clear duty of care for these assets and to make them available for the enjoynient and education of the public as far as is possible, commensuratc with their long-tern] care and preservation. The highest possible standards of collection management are applied, and the catalogues are made available as widely as posslblc to facilitat¢ all ¢nquiti¢s and rcquests foi iDfi)tD]atio4 subjcct lo appi"oyi"idlr brLutily dat(i protection guidelines. No depreciation is charged on freebold land and buildings as the trustees have a policy of regular repair and maintenance to ensure they are maintained to the higbest standard and their residual value will be in excess of co.qL meaning any depreci2tinn charge wniild he immRteriAI. Dcpreciation of other f￿ed assets is provided in order to write off the cost valuation less residual value of each asset evenly over its estin￿ted useful life as follows: Freehold property Ltmd and buildings improvcmcnts Fixtures, fittings and equipment Collections Not depreciated SO ycars straight linc, oncc compl¢t¢ 15 % reducing balance, 25 % straight linc Not depreciafrd Change in AccouDtiDg Policy - Depreciation of land and building improvements During the year, the charity reviewed the pattern of congumption of economic benefits associated with its land and building improvements. As a result, it chang¢d the depreciation method applied to these assets from the 10 years straight lin¢ method to the 50 years straigbt line method. Tbe tn￿teeS consider that depreciating the assets over 50 years reflects the expected usage pattern and future economic benefits of the land and building improvements. This change in accounting policy has b¢¢n applicd prospectively from l April 2024 in accordance with FRS 102 Section 10.16. Tbc impact of the change in the current f￿Cial year was a decrease in depreciation exp¢ns¢ of £l,139.097 with a corresponding increase in the net income of the clwtty. Prior period figur¢s hav¢ not bccn rcstate(L Investments Investments are recognxsed initially at fair value which is nornmlly the transaction price excluding transaction costs. Subsequently, they are measured at fair value, with all realis¢d and unrealised gains passing tbrough the SOFA. Stock Stock consists of shop stock for resale and publication stocks. Stocks are stated at the lower of cost and net realisabl¢ value. Provision is made for obsolete and slow-moving stock where appropriate. Any impairnients are calculated bascd on the likely selling value, ¢on]parcd to cost. Debtors and creditors receivable / payable Ivithin one year Debtors and creditors with no stated inter¢st rate and receivable or payable within one year are r¢¢orded at transaction price. Any losses arising from impairnient are recognised in expenditure. 22

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 Accounting policies (continued) Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairn]erAt. If an ￿TangerneDt constitutes a fll￿nce transaction it is measured at pres¢nt value. Cash at bank and in hand Cash at bank and cash in hand includes casb and short terni 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. Operating leases Th¢ trustees classifies the lease of properties as operating leas¢s as titl¢ r¢n]ains with the lessor. Rental charges are charged on a straight line basis over the terni of the lease. Rentals of ¢quipmcnt appliGabl¢ to opwating Icascs wbcrc substantially all of the bcncfEts and risks of ownership remain with the lessor are cl]arged to profEt and loss account on a straight line basis. Defined contribution pension A def￿ed contribution plan is a pension plan under wbich fixed contributions are paid into a pension fund and the charity has no legal or c.onstnictive. obligation to PAY fiirtheT cnntrihiitinnq eve.n if the fiind does not bold sufficient assets to pay all employees the benefits relating to employee service in the current or prior years. Contributions to defmed contribution plans are recognised as staff pension expense through the SOFA when th¢y are due. Defined benefit pension obligation The minority of employees of the charity are members of the Local Government Pension Scheme (LGPS) managed by Dorset County Council. This is a funded defmed benefit scheme where the assets are held separately from those of the charity. in separate Trustee administered funds. Typically, def￿ed benefit plans def￿e an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation. The liability recognised in the Balance Sheet in respect of def￿ed benefit pension plans is the present value of the defmed benefit obligation at the reporting date minus the fair value of the plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defmed benefit obligation is determined by discounting the estimated future payments by reference to nwket yields at the reporting date on high-quality corporate bonds that are denomillated ill the currency in which the benefits will be pai(t and that have ternts to nthturity approximating to the tern￿ of the related pension liability. Actuarial gains and losses aTC TecogDiscd in]m¢diat¢ly in other gains and losses. The net liability in the schemes at the date of the transfer of the employees from the respective councils is shown as a separate item in the SOFA. Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and arc based on historic experience and other factors, includmg expectations of future events that are believed to be reasonable under the circumstances. The trustees makes estimates and assumptions concerning the ￿ture. Tbe resulting accounting estimates and assumptions will, by defmitl0￿ seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a nMt¢rial adjustment to thc carrying amounts of assets and liabilities within the next flllancial year are discussed below. 23

The Dorset Natural History and Archaeologieal Society otes to the Trinancial Statements for the Year Ended 31 March 2025 Accounting policies (continued) Critical accounting estimates and areas of judgement (continued) The present value of the Local Government Pension S¢hcm¢ defined benefit liability depends on a number of factors, that ar¢ deterniined on an actuarial basis using a variety of assumptions. Th¢ assumptions used in detennining the n¢t Cost (income) for pensioDS include discount rate. Any c1￿1g¢S in these assumptions, which are disclosed in Note 28, will impact the carrying amount of the pension liability. Furtberniore, a roll forward approach which projects results from the latcst full actuarial valuation perfornied at 31 March 2025 has been used by the actuary in valuing the pensions liability at 31 March 2025. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability. Taxation Tbe charity is an exempt cbarity within the meaning of schedule 3 of the Charities Act 2011 and is consldcrcd to pass the tests sct out in Paragrdph I Schcdulc 6 r.inancc Act 2010 and thcicfoi¢ it Aii¢¢ls ibc defmition of a chatitable company for UK cotpordtion tax purposes. Financial instruments Classification Financial assets and f￿Gla1 liabilities are rccognised when the charity becomes a paty to the cc)ntractual provislons of the instrument. FÉnancial liabilities and equity instnllnents are classified according to the substance of the contractual aLTangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All fuMickal assets and liabilitics are iDitially measured at transaction price (including transaction costs). except for those fllwicial assets classified as at fair value tl]rough profit or loss, wbicb are initially measured at fair value (which is nornmlly the transaction price excluding transaction costs), unless the arrangement Lvnblilul¢s <1 ¢raD2idLtiUDb. If arrallgement constitutes a fmancing rnaci10￿ the fu￿nCIal asset or financial liability is measured at the present value of the future payments th'scoullted at a market rate of interest for similar debt instruments. Financial assets and liabilltics are only offset in the statement of fllLqn¢ial positiorA when, and only when ther¢ exists a legally enforceable right to set off the recognised amounts and the charity intcnds eitber to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised whell and VDIY wh¢n a) th¢ contractual rigbts to th¢ cash flows from thc financial asset expire or are settled, b) the cbarity transfers to another party substantially all of the risks and rewards of own¢rship of the financial asset, or c) the charity, d¢spite having retained som¢. but not all, significant risks and rewards of ownership, bas transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, Cancelled or expires. 24

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legacies Unrestricted Restricted Endowment funds funds funds Total 2025 Tot21 2024 Grants Dorset County Council Arts Council England Wessex Muscun] Trust Moule and du Boulay Trust Other 81,666 81,666 113,494 10,000 42,324 44,208 44,208 95,185 173,084 95,185 140,342 32,742 208,801 158,616 235,527 394,143 374.619 Development appeal fund Heritage Lottery Fund 5,513 5,513 Other Donations (including gift aid) Legacies 36,376 52.244 36,376 52,244 71,558 88,620 88,620 71,558 247,23b 235,527 482,763 451,690 Charitable activities Unrestricted Restricted Endowment funds funds funds Total 2025 Total 2024 Membership subscriptions Museum admission fees Events and exhibitions Income from lending assets 38.455 337,061 38,455 337,061 57.876 346,395 675 200 375,516 375.516 405,146 25

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Lnded 31 March 2U25 Other trading activities Unrestricted Restricted Endowment funds funds funds Total 2025 Total 2024 Sbop and online sales Bookings income Cafe rental income Royalties and sundry income 70,259 50,495 23,161 651 70,259 50,495 23,161 651 97,740 71,020 18,496 3,435 144,566 144,566 190,691 Investment income Unrestricted Restricted Endowment funds lunds funds Total 2025 Total 2024 Dividends and interest Interest on cash deposits Rcntal incom¢ Other interest received 5,015 2,478 180 5,015 3,110 180 5,992 1,479 180 567 632 7,673 632 8,305 8,218 Expenditure on raising funds Unrestricted Restricted EndowD]ent funds funds funds Total 2025 Total 2024 Fundraising fees Heritage Lottery Fund Delivery Plan Investment management fees 3,015 1,407 1,618 1,618 1,546 1,618 1,618 5,968 Expenditure on trading activities Unrestricted Restricted Endowment funds funds funds Total 2025 Total 2024 Shop Consumables Employment costs Event consumables Establisllln¢Dt costs 22,543 178,348 9,093 26.034 20,958 43,501 178,348 9,093 26,034 45,375 171,955 22,432 17,559 236,018 20,958 256,976 257,321 26

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for tbe Year Ended 31 March 2025 Expenditure on charitable activities Unrestricted Restricted EDdownJent funds funds funds Total 2025 Total 2024 Staff costs (including travel) Direct costs Support Costs Governance costs 402,140 295,402 165,260 11.295 55.660 372,462 43,757 457,800 667,864 209,017 11,295 428,967 1,915,044 172,499 10,155 874,097 471,879 1,345.976 2,526,665 Unrestricted Restricted Endowment funds funds funds Total 2025 Total 2024 Direct costs: Exhibitions, events and collections Gencral repairs Depreciation Establishment Costs Marketing and promotion Credit card cl￿geS General expenses 43,152 16,907 10,301 206.272 12,819 5,931 20 10,802 1,280 322,128 3,794 34,458 53,954 18,187 332,429 210,066 47,277 5,931 20 124,775 29,890 1,475,347 203,389 78,510 3,133 295.4U2 J72,462 667,¥64 1.915,044 ort costs: Office and administration costs (Profit) / loss on disposal of tangible fix¢d assets Loan interest Other fLrLance charges Printing, postage and statlODery Professional fees 49,569 38,562 88,131 70,902 1.251 1.251 75,942 3.993 9,577 24.928 75,942 3,993 10,463 29,237 64,590 5.044 7,088 24,875 886 4,309 165,260 43,757 209,017 172,499 Governance costs.. Auditor's remuneration 11,295 11,295 10,155 11,295 11.295 10.155 27

The Dorset144atural History and Archaeological Society iryotes to the Tr"inancial Statements for the Year Ended 31 March 2025 10 INet income l (expenditure) for tbe year Net income / (expenditure) is stated after charging l (crediting): 2025 2024 Depreciation of tangible fixed assets (Profit) I loss on disposal of investmcnts (Profit) I loss on disposal of tangible fixed assets Operating lease rentals (Profit) / loss on fair value movement of investments Auditor's remuneration: Audit services Other services 332,429 (299) 1,251 40,250 (1,811) 1,475,347 1,014 39,806 (4,761) 6,780 6,100 4.055 11 Trustees, and key management personnel remuneration 2nd expenses During the year the charity made the following transactions with trustees: No trustees, nor any persons connected with thellL have received any rcmuneratioffj expenses or benefits from the charity during the y¢ar. in their capacity as a trustee. The total amount of employee benefits received by k¢y maDagement personnel is £109,031 (2024: £117.843). The trnstees considers its key manag¢ment personnel comprise the Executive Director and the Dwector ot Collectsons. No t￿SteeS are accruing pension arrangements (2024: llo trustccs). 12 Staff costs and employee benefits The average monthly number of employees and full time equivalent (FTE) during the year/period was as follows: 2025 2024 FTE 2025 Number 2024 Number Raising funds Charitable activities Governance 0.4 17.4 0.4 16.8 32.0 26.0 18.4 17.8 34.0 28.0 Th¢ total staff costs and employee benefits were as follows: 2025 2024 Wages and salaries Social security Defined contrtbution pension costs Defined benefit pension costs Service providers 524,309 36,692 15,727 15,446 34,088 485,015 33,650 16,864 22,832 33,694 626,262 592,055 One ¢mployee received tot￿ employee benefits (excluding employcr pension costs) of more than £60,000 (2024: none). 28

The Dorset Natural History and Arcbaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 13 Interest payable and similar expenses 2025 2024 Bank loans and overdrafts Loan interest 3,993 75,942 5,044 64,590 79,935 69,634 14 Tangible r￿ed assets Fixtures, Lalld kwd fittiDg5 and Buildings equipment Freehold Properties Total Cost or valuation: At l April 2024 Disposals 267,878 15,845.544 136,377 16,249,799 (3,956) (3,956) At 31 March 2025 267,878 15,845,544 132,421 16,245,843 Depreciation: At l April 2024 Charge for the year Elin)inated on disposals 4,379,745 321,583 77,544 10,846 (2,705) 4,457,289 332,429 (2,705) At 31 March 2025 4,701,328 85,685 4,787,Ol3 Iyet book value: At 31 March 2025 267,878 11,144,216 46,736 11,458,830 At 31 March 2024 267,878 11,465,799 58,833 11,792,510 Freehokd properties are functional assets insured for £359,268. At the year end, these comprise the properties of The Old School House and the Craft Market site. Whilst the trustees consider that their market value is higher than the carrying value of these assets, it is impractical to measure their fair value. The main Museum buildings, which are n]ade up of the Crickmay Building (including part of the Victorian galleries), Williams Holl￿ and the Brdwne Extensio￿ have not been capitalised in the Balance Sheet, as reliable cost inforniation is not available and it is not considered beneficial to the users of the Financial Statements to attempt to establish an estimated valuation. Howevcr. thc property is insured for £35.2m. The main Muscum buildings w¢re gift¢d to The DoTset NatL￿al History and Archaeological Society and th¢r¢for¢ do not forni part of the net book value above. There is a floating charge over this property with The Trustees of the National Heritag¢ Mortgage Fund and a second charge to Dorset County Council. 29

The Dorset Natural History and Archaeological Society Iyotes to the Finaneial Statements for the Year Ended 31 March 2025 15 Heritage assets Collections Total Cost or valuation: At l April 2024 Additions 1,128,233 1,835 1,128,233 1,835 At 31 March 2025 1,130,068 1,130,068 Depreciation: At l April 2024 Charge for the year At 31 March 2025 Net book value: At 31 March 2025 1,130,068 1,128,233 1,130,068 1,128,233 At 31 March 2024 Collections acquired since l January 2021 have been capitaliqed at cnst. Where. Assets bave been donated and a reliable ¢stimat¢ caTLnOt be n]ade of thc asset's fair value or the cost of valuation is likely to exceed the benefit provided by the inforn￿tion, the asset has not been recognised in the Financial Statements. Please see thc Trustecs, Report foT more inforn]ation on the assets donated in the year. Herita%e assets acquired bcforc l January 2021 have not been recognised due to the significant ¢ost that would be involved in valuing the Museum's diversc collections and other assets. This would be onerous compared with the additiot￿l benefit that would be derived by the users of the Financial Statements in assessing the tn￿tees, stewardship of these assets. No depreciation is charged on collections or galleries in the course of construction. Five year summary of additions and disposals: 2025 2024 2023 2022 2021 Purchased additions Assets held at Cost 1,835 36,180 57.136 2,278 136,270 Total additions 1.835 36,180 57,136 2,278 136,270 Impairftnent Assets held at cost Total impairment Net Book Value Disposals Assets held at cost Total NB V disposals 30

The Dorset Iyatural History and Archaeologic21 Society Notes to the Financial Statements for the Year Ended 31 March 2025 16 Investments 2025 2024 Quoted inv¢stra¢nts (note 17) Unquoted investments (note 18) Cash held by investment managcr 166,148 165,344 964 224 167 113 [65 569 17 Quoted investments 2025 2024 Fair value at l April 2024 Additions Disposals Realised gainsl(losses) on disposal Unrealised gains/(loss¢s) on revaluation 165,344 7,208 (8,514) 299 1.811 162,067 11,190 (11,660) (1,014) 4.761 Fair valu¢ at 31 March 2025 166,148 165,344 Cost at 31 March 2025 144,817 146,151 The share portfolio was valucd by Charles Stanley & Co. Limit¢d based on tbe mid nwket price at 31 March 2025. 18 Unquoted investments 2025 2024 Dorset Museum Trading Company Limitcd - l ordinary share of £1 each (at cost) The company is incorporated in England and bas an authorised and issued share capital of l ordinary share of £1 each. The principal activity of the company will be retail. It has remained dormant since incorporation. 31

The Dorset Iyatural History and Archaeological Society INotes to the Financial Statements for the Year Ended 31 March 2025 19 Stocks 2025 2024 Goods for rcsale 11,000 i 1,000 20 Debtors 2025 2024 Trade debtors Prepayments and accrued incomc Other debtors 11,475 2,854 90,911 30,172 3,109 95,166 105,240 128,447 21 Creditors: amounts fallillg due within olle year 2025 2024 Loans Trade creditors Accn￿lS and deferred income Taxation and social security Other creditors 22,629 204,954 8.365 6,254 61,097 135,564 10.710 10,535 242,202 217,906 22 Creditors: amounts falling due after more than one year 2025 2024 Loans 1,790,000 1,790,000 The pawLent tern]s and inter¢st rnte w¢re renegotiated this year as follows: A loan agreement was reached with Dorset County Council in September 2023. There is a repayment holiday until April 2028. Interest is charged on the loan at 3.83 % and is repayable over 20 years to 31 March 2058. The loan is secured against a second charge on the freehold propety known as Dorset Museum being 65 and 65A High Streel Do￿￿eSter, DTI IXA. 32

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for tbe Year Ended 31 Marcb 2025 23 Funds reconciliation UDrestricted funds Balance at 01.04.2024 Gain5 1 losses Balance at Income Expenditure Transfers 31.03.2025 Unrcstricted Generdl fund Dcsignated fullds Collections Life memberships Dugdale Trust Lift (447,432) 774,991 (930,350) 108,872 2,110 (491,809) 1,034,916 1,034,916 (9,446) 941 (941) 3,300 (3,300) 95,185 601,171 774,991 (930,350) 2,110 543,107 Pension reserve (110.000) (1,000) 111,000 491,171 774,991 (931,350) 95,185 113,110 543.107 During the year, the trnstees reviewed the designated funds. As tbe Life membership, Dugdale Trust and Lift projects have been completed in prtor years and no further costs are anticipate(L the remaining balance on the sp¢¢ific designated fim(l8 have been transferred back to unrestricted generdl funds. Balance ai 01.114.2023 Galns / losses Balance ai 31.03.2024 Income Expendilure Transfers Unrestricted Generalfvnd Designatedfvnds Collections Life pnemberships Dugdale Trust Lift Roberts Trust (239.339) 872. 044 (1.073.295) (6,842) (447,432) 1.034.916 1.034,916 9.446 9.446 941 941 5,000 18.625 (1, 700) (18, 623) (1.093.618) 3,300 829,587 872,044 (6.842) 601, 171 Pension reserve (210.000) (5.000) 105.000 {iio,000) 619,587 872,044 (1,098,618) 98.158 491,171 33

The Dorset Natural History and ArchaeoIogical Society Iyotes to the Tr'inancial Statements lor the Year Lnded 31 March 2025 23 Funds reconciliation (continued) Restricted funds Balance at 01.04.2024 Gains I losses Balance at 31.03.2025 Income Expenditure Transfers Tomotrow's Museum for Dorset: Heritage Lottery Fund Other funding Dorset Archaeological Committee 6,826,109 (322,128) 6,503,981 3,943,911 3,943,911 59,445 632 60,077 Mono￿aph Fund 8,042 8,042 Pilgrim Tn￿t Moul¢ and du Boulay Trust Museun]s Partnership NHLF Jane Austen Fund NHLF 4,420 (4,420) 95,185 (95,185) 3,020 (3,020) 47,110 (3.768) 43,342 Resilience Fund 97,440 88,812 (159,501) 26,75 1 10,937,967 236,159 (492,837) (95,185) 10,586,104 Endowment funds Charles Hansford fund 500 500 10,938,467 236,159 492.837 10 586,604 Total funds 11,429,638 1,011,150 (1,424,187) 113,110 11,129,711 A restricted donation of £95,185 was received during this year from Moule and du Boulay Trust. As the donation had been promised previously, the related expcnditute bad already been incurred in prior years and funded from unrestricted reserves. Accordingly, the income has been recognised as restricted in the year of r¢ceÈpt, with a transfer from unrestticted funds to r¢stricted funds to match the expenditure previously incurred. This rcsulted in a £nil closing balance on the restricted fund at 31 March 2025. 34

The Dorset Natural History and Archaeological Society Notes to tbe Financi21 Statements for the Year Ended 31 March 2025 23 Funds reconciliation (continued) Restricted funds Balance al 01.04.2023 Gains / 1055es Balance at 31.03.2024 Income Expenditure Transfers Tomorrow s m￿e￿rnfor Dorset." Heritage Lottery Fund Otherfvnding Dorset Archaeologica I Committee Monograph Fund Genileman's Magazine Funds under £i.noo Treasure Acquisitions MuseunLS PartPTership Tlie Aiiii Jarne Fine Art Acquisition Fund 8.326.148 5.513 (1.505,552) 6.826,109 3.943.911 3.943.911 48,856 10,589 59,445 8.042 8,042 3.001 (3.001) 835 (835) 3.256 (3.256) 8.020 (5,000) 3,020 5.000 (5.000) Alice Ellen Cooper Dea Section 106 NHLF Resilience Fund 10.000 (10.000) 32.000 (32.000) 136.188 (38. 748) 97.440 12.347.069 183, 701 (1.603,392) 10,589 10,937,967 Endowmentfunds Charles Hansfordfvnd 500 500 12.347.569 183. 701 (1,003,392) 10.589 10,938,467 Totalfvnds 12.967.156 1.055. 745 {2, 702,010) 108,747 11,429,638 35

The Dorset Iyatural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 23 Funds reconciliatioD (Continued) Unrestricted funds - The general fund represents the free funds wbich are not designated by the Boart for particular PUTposes. Designated funds represent money set aside for specific purposes at the discretion of the Board. The collections designated funds represents the net book value of the ¢oll¢ctions held within heritage assets. The pension r¢s¢rv¢ r￿resentS th¢ notional funding deficit calculated under FRS102 in respect of the charitable company's pension scheme advised by the scheme actuary. The revaluation reserve is required under the Companies Act 2006 and Tepresents the difference between the historic cost and Tlwkct value of investmcnts, at the Balance Sheet date. Restricted funds Where funding is agr¢¢d in advaDCC, but only paid on receipt of invoices, funds nTry go into deficit temporarily. Wb¢r¢ fiwds ar¢ iais¢d foi a pattiknulat ass¢l, a ts'a￿[¢1 lu ib¥ [¥l¥v¢￿L fuud whcll the asset is capitalised. TomoLTOW'S Museum for Dorset: Heritage Lottery Fund represents the funds received towards the mus¢um redevelopment and equals the net book value of property improvejnents capitalised using Heritage Lottery Funds. Other funding represents the funds rcceivcd towards the museum redevelopment and equals the net book value of property improvcmcnts capitalised using Other Funds. The Dorset Archaeological Committee fund repr¢s¢nts money received specifically for the conm]ittee. The Pilgrim Trust fund is funding a n¢w Curdtor of Archaeology who is developing a strategy for collection access and ca￿, the first stage in our project from All Saints Church. Moule and du Boulay Trust represents a grant for the Conservation of the collection and to assist with acquisitions. - Museums Partnership fund represents a grant towards collections assistants salaries. The NHLF Jane Aust¢n Fund has bccD used to curate and install the Jane Austen: Down to the Sea exhibition. It has also enabled us to run school and COTnmunity workshops, host a writer in residence, create new digital resources, deliver family activities and a prO￿e of public events as well as new markcting. Th¢ NHLF resilience fund has been used to enable new staff posts relating to marketing and collections as well as support core work including staff training. PIL itr]prov¢ments to gallery displays, new inten]al and external signage, rr infrastructure and a ncw website. Other funds represent monies raised for a particular purpos¢ or project. Endowment funds The Charles Hansford fund, which is pernwient endowment fimd, r¢pr¢s¢nts a bequest made in 1910. Interest arising from the investment, wkn'ch is restricte￿ is to be utilis¢d towards the maintenance and benefit of the museum and library. Heritage assets are capital assets held for conservation and preservation pu￿OSeS and are therefore shown as expendable endowment. The balance of collections has been transferred to designated funds and the museum and gallery improvements have been transferred to restricted fimds during 2020. as the purposes of the funds did not meet the requirement of an endowment funiL 36

Tbe Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 24 Analysi5 of net assets between funds Unrestricted Restricted Endowment 2025 2025 2025 Total 2025 Fixed assets Cash and c￿ent investments Other current assets / liabilities Cr¢ditors more than one year Provisions / pensions 2.750.744 289,162 (706,799) (1.790.000) 10,005267 12,756,011 289,662 (125,962) (1,790,000) 500 580,837 543,107 10,586,104 500 11,129,711 Unrestricted Restricted EDdowment 2024 2024 2024 Total 2024 Fixed assets Cash and current investments Oiher curreni asseis I liabilities Creditors more than one year Provisions / pensions 1,619,820 321,285 450,060 (1,790,000) (i i 0,000) 11,466,492 13,086,312 321,785 (78,459) (1.790,000) (i i 0,000) 500 (528.525) 491 171 10 937 967 500 11429 638 25 Reconciliation of net income l (expenditure) to Det casb flow from operating activities 2025 2024 Net income / (expenditure) for thc year (591,310) (1.730.462) Dividends received Rents received from investment properties Interest receivabl¢ Interest payable D¢pr¢¢iation and impairn]ent of tangible fixed assets Amortisation and impairnient of intangible f￿ed assets (Gains) / losses on investments (Profit) I loss on disposal of tangible fLx¢d assets (Profit) / loss on disposal of f￿ed asset investments Receipt of endowment Post<mployment benefits less payments Provisions less payments (Increase) / decrease in stock (Incr¢&s¢) / decrease in debtors Increase l (decreasc) in creditors (5,015) (180) (3,110) 75,942 332,429 (5,992) (180) (1,479) 64,590 1,475,347 (1,811) 1,251 (299) (4,761) 1,014 1,000 5,000 23,207 24,296 (13,607) 90,687 143.600 119,843 37

The Dorset Natural History and Archaeological Society iryotes to the D'inancial Ststements for the Year Ended 31 March 2025 26 Related party transactions Th¢r¢ were no related paty transactions during the year than those already disclosed in Note I l. Trustees, and key management personnel remuncration and expenses. 27 Contillgent liability Grants received from the National Heritage Memorial Fund amounting to £12,898,957 (total received so far) as at 31 March 2025 may become subject to partial repayment in the event that the assets built, with the funds provided, are sold (2025: £12,537,756). The amounts potentially rq)ayable are secur¢d by a legal charge in favour of the National Heritage Mcmorial Fun(L 28 Pensions and other post-retirement benefits Defined contributioD pension plans The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £15,727 (2024: £16,864). Defined benefit pension plans The charity operates a defined benefit pension plan for qualifying employees providing benefits based on career average revalued earnings. The pension plan is fimded by thc payment of Gontributions and assets of the plan are held in a scparately administered fund. IE is the Dorsei Counry Pension Fun(L a Local Government Pension Scheme, which is a contra¢ted-out def￿¢d benefit multi-employer pension scheme. The assets of the def￿ed benefits scheme are held separately from those of the charitable company. The scheme is fund¢d by contributions from thc employees and participating employers, in accordance with the rccommmdations of indcpcndcnt qualificd actuari¢s on the basis of triu]nial valuations. The most recent comprehensive actuarial valuation of pension plan assets and the present value of the deflned benefit obligation were carried out at 31 Mar¢b 2025. At the year end there were contributions due to the s¢h¢mc totalling £1,645 (2024: £1,571) which are included in ¢r¢ditors. The scheme is a funded defined benefit pension scheme. with assets held in separnte Trustee admirristrated fund, The total contributions made for the year ended 31 March 2025 were £18,987 (2024. £21,464), of which the employer contributions totslled £15,446 (2024: £17,832) and employces, contributions totalled £3,541 (2024: £3,632). The current rdtes for ￿tUre years are 18.3 / (2024: 18.30/0). The total cost r￿ognISed in the period was as follows: 2025 £'ooo 2024 £'ooo Current service cost Past service cost Net interest income / expense Adtninistration expenses Recognis¢d in net income / expenditure Recoguised in other gains I losses Total cost r¢cogniscd io 12 io 16 23 16 23 38

The Dorset Natural History and Arcbaeological Society Notes to the FinaDcial Statements for the Year Ended 31 March 2025 28 Pensions and other post-retirement benefits (continued) Der￿ed benefit pension plans (continued) Amounts recognised in the balance shect were as follows: 2025 £'ooo 2024 £'ooo Present value of funded obligations Fair valuc of plan assets Actuarial losses / (gains) 1,186 (1,280) 94 1,386 (1,276) 110 The pension expenditure for the year was £1,000 (2024: £5,000). Tbe rcmcasuremcnt gain on the defmed benefit pension plan was £ I 11,000 (2024: £105,000). Changes in the present value of the defmed benefit obligations were as follows: 2025 £'ooo 2024 £'ooo Opening defmed benefit obligation Current s¢rvice cost Past service cost Interest expense Actuarial (gains) I losses Change in financial assujnptions Change in demographic assumptions Experience gainl loss on defined benefit obligatlOD Contributions by scheme participants (Estimated) benefits paid (net of transfers in) Closing defmed benefit obligation 1,386 io 1,372 12 66 65 (199) (3) (4) (12) (18) (74) (42) 1,186 1,386 Changes in the fair value of the pension plan assets were as follows: 2025 £'ooo 2024 £'ooo Opening plan assets Interest incom¢ Actual return on plan assets (excluding interest income) Other actuarial gains l (losses) Administration expenses Assets distributed on settlements Contributions by charity (included unfund¢d) Contrtbutions by scheme participants (Estimated) benefits paid (plus unfunded nct of transfers in) Closing plan assets 1,276 61 (i) 1,162 55 80 (i) (i) 15 18 (74) (42) Tbe total return of the fund assets for the yeat to 31 Marcb 2025 was a su[pl￿8 of £60,000 (2024: £135,000). 39

The Dorset Natural History and Archaeological Society Iyotes to the Financial Statements for the Year Ended 31 March 2025 28 Pensions and other post-retirement benefits (continued) DefiDed benefit pension plans (continued) The amount that each major class of pension plan &ss¢ts constitutes of the fair value of the total plan &8sets was as follows: 2025 £'ooo 2024 £'ooo Equity instnun¢nts Debt instruments (bonds) Other bonds Property Other assets Cash Diversified Growth Fund Infrastructurc Multi Asset Credit 803 799 84 90 83 100 28 85 98 92 27 84 95 88 1,280 1,276 The principal actuarial assumptions uscd were as follows: 2025 2024 Discount rate Expected rates of salary increases Expected rates of pension increases Expected rate of infiation - RPI Expected rate of infiation - CPI 5.85 3.90 2.90 3.20 2.90 4.90 3.90 2.90 3.20 2.90 The mortality assumptions used for longevity (in years) on retirement at age 65 are: 2025 2024 years years Retiring at the balance sheet date Males Females 21.8 24.0 21.8 23.9 Retiring in 20 years Males Femal¢s 23.1 25.4 23.1 25.4

The Dorset Natural History and Archaeological Society Notes to the Financial Statements for the Year Ended 31 March 2025 29 Leases Total future minimum lease payments under non-cancellable operating leases 2025 2024 Not later than one year Later than one year but not later than fLVe years 49,716 31,500 42,278 1,285 81,216 43,563 30 Financial iDStrumeDts The carrying amounts of the charity's fLnancial instruments measured at fair value througb net income I expenditure are as follows: 2025 2024 Financial assets Measured at fair value through net income l expenditure: - Fixcd (￿sCt iIlVCbtmcDtb M¢&sured at amortised cost - Debt instruments 107,113 165,569 392.048 447,123 559,161 612,692 Financial liabilities Measured at amortised cost 2 032 202 2 007 906 The income, expenscs, nct gains and net losses attributable the charity's fu￿￿¢1a1 instruments are Sunm￿sed as follows: Income and expens¢ Financial assets measured at fair value through net income / expenditure Financial assets, that are debt instrnments, measured at amortised cost Financial liabilities measured at amortised cost 5,015 3,110 75,942 5,992 1,479 64,590 Net gains and losses Financial assets measured at fair value through net income l expenditure 2,110 3,747 41