THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Ch4ri number 1063528
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ocfoBER 2023 Company Dumber: 3270753 Chari number 1063528 CONTENrs Council of Management's Itrt Aceounthrtts [trt Ststemenl of financial xtivitse5 10 Balance Sheet 11- 12 St*¢m¢nt of C¥th Flow 13 Nol¢s the aco)unts 14-25 Pa8e 2
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANACEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number 1063528 ADMINISTRATIVE INFORMATION Trttt of the Charity Trwiets and Dlredon Jervint CouTrdl of MigeMent duriwg theyur Mrsj E Arthur J Barlow The R¢v¢rend Canon A N Barn8 Miss D G Blake-Robert5 Mrsm G Boyle R W Brown Mrs M.E. Budgen Dr N A Cambridge DR S D Chaplin DrPFFar S Harris D.J. Kershaw Dr C M L£Kkwood Mrs N M¢Enroe {resi8ned 2 April 2023) Page 3
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number 1063528 ADMINisfRATIVE INFORMATION NCF8un Ch•rlty nurnbtr 1063528 conY number 3270753 Pr1Dc11 *ddre&8
nd re¥Lered off*e
Erasmus Darwin House Beacon Street Li¢hfield Sthffordshire WS13 7AD Ae¢ount*mls Wynni4tt-Husey Ltd Chartered Acwurttw 8 Bore Stre Li¢hfJ¢ld Stsffordshir¢ WS13 6LL Bankers Na¢ West PLC Market Street LichrId Siaffordshire Solieltors Anrts LLP St Marys Charnbers 5 Breadmarket Strttt Li¢hfield Staffordshire WS13 6LQ Pa8e 4
THE ERASMUS DARN FOUNDATION COUNCIL OF MANAGEMEwf's REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ooBER 2023 Company number: 3270753 Chari number 1063528 REPORT OF THE COUNCIL OF MANAGEMENT The counts have been prved in w)[d with the TaThilltin8 p)licies Set Out in notr I to the accounts and ry)mply with the charity'5 Memorandum and Articl¢& the Charities A 2011. the Companies Act 2006 and Accountin8 and Repirting by Charities: Sthtem¢ni of ReMMend¢d Practice applicable to Charities preparing their accounts in accordance with the Firwi¢ial Reponing Stsndard applicable tn the UK and Republi¢ of Ir¢latKI (FRS102) S)nd edi pknlished in 2019. Structur4 Govtrn••et nd M#wg•4eDt ovem The organi5ation is a charitable company limita by guaran¢ The company fomied undera Memor4ndum of Association whith established th¢ objects and werS ofthe charitabl¢ ¢ompany and is govemed under its Articles of A&sociat¥Jn. Any per may brne a rn¢mber paym¢nt of a subsryiption. The munbtts have a liability re5¢r1¢ to £1 Ftr memberon winding up. itment eni f Coun¢il of Man The direthors of the compfiny xe also thrity tnwees forthe purww of dwiiable law and under the ompany's Articles are known &$ members of the Council of ManagemenL Under the tern)s ofthe Memorandum and Articles of Association the members of the Council of Management we divid¢d inlo threc categori¢s. Of th¢ first category of Founder Mernbers there are none remainin8 on the Council. Five membeTS can be nOMined by B(Kli¢s under claust 31(al Other membus ave 4p)inled by the Council for renewable fixed tcnns. Membership of the Council of Minagement is Sou¢ from Woltary d academic sectors to provide a broad range of skills io ihe charity. Try ction d Trdini New trustec5 are invi¢¢d to attend an induchon mtttin8 to familiwise thern5¢1ves with the eharity and the eontext within which li opera. These are led by th¢ Chairnwi of the Management Cornrnittee and ver the obliwions of Council of Management mernbry th¢ legal fram¢work of the Charity. $oU¢S. and ¢urrent financial position. and future Strategy. The Council of Management have eonduaed a review of the rtJ01 risks to which the charity is exd. The risks are recorded and r¢viewed annually. Where approw< SySms have bern esthblished to mitigate risks. External risks io funding hav¢ led to r¢gul&r Teviews to establish n¢w funding sources. Int¢rnal control risks arc rninimi5ed by supervisitin gnd control pr(edur¢s. Procedures are in placc. gnd regularly reviewed, to ensure compliance with Health and Safety #nd other relevant le8iskation. Page S
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Cornpany number: 3270753 Chari number 1063528 nisatt al Stnl Day to day provision of services are provided under the control and SUperV10n of a Man8gem¢nt Committee and the House Mager. The M8nag¢ment Commiitee is rESP)•b]e for ensuring ihat the Charity delivers lh¢ speCifd services and that key wfornLan¢¢ indicators are m¢t. The Manager has r¢S1b1}lty for the dey to ty operntional management of the House, 1ndtvidu Su[vIsion of ihe Staff team and ensuring that the team continue to dev¢kry> th¢ir ptrforniance and skills in line with gotyj practice. Rela The charity works Closely with Lichfield Catlthil )d Lithfield District tyl City Councils. No memFw of Council is ronnd with either body. Obje¢ts nd Acllitles The Charity's obj'ects are to maw¢ and develop a suitable nwnorial k) Ensmus Danvin. Iluding artefacts and memornbilii and an archival rtsourc¢ and l¢arnin8 envin)nment Committed to a standard of ex¢ellenee befilting the life and works of Erau$ Darwin. of thc jilding in Li¢hftdd which was his home. Ihe policies adowed in of these objects are to maintain a swe8y of mark¢ting and promotion of the charity's premisesattd wntrnts and rfxr¢ has been ehange in tlw policies durin8 the year. The trustee5 ¢onfinn thty have referred to th¢ 8uidarKe nI11n in the Clwtty Commission's gen¢¥al 8uidance on public benefit when reviewin8 the Foundatym's aims and ObitIveS aThJ in plannin8 future activiti¢s. Achievements amd perfornaiet During the year the Clwrity Lminued to deveknp the I1vIll¢S of Erasmus Danvin Hom. Fin4Dclal review Although the was an inc locom¢ fortheyex the Clwity experienced an unexpxed increase in lility and other running wsts. There w&5 a defi¢i¢ for theyear of £IL080 I fundl Princi Aside from the income 8ener*¢d by visitors Ind ysets of th¢ the principal fvnding sources coniinu¢ to be Lichfield City Council other 8rani FYovide¥s. Page 6
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND Accouiyfs FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number 1063528 In Althou8h the Ctharity retains a prydent amtyjnt in res¢rves yetr. most of thecbarity'5 fuThJs are to sp¢nt in the sljort tenn so the are few fvnds for Ion8 term inveStmL It is the policy of the Chtriry that ynre5trithl liquid ftwmts be maintsined at a Icvel ¢quival¢nt to four month's expenditur¢. The inJstees consider that reserves at this level will ensure th&L in the event of a signifieant drop in fundin& they will be able to ntinue the clwity's i>JrMI acirviti¢s whil¢ Co5deAli0n is given to ways in whi¢h athlitional funds may be rnixd. Pl8nJ for fu The Council plans continuing th¢ iVItieS (xrtlined abfft in forthcomingyears subject tr) satisfactory fundin8 atTrngonMts. Non¢ of th¢ mernkn of the Council of Managemertt has any bu)er181 intu¢si in th¢ company. All of the members of thc Council of Man88ement mcrnbews of the Lxynpfiny aThJ Euarantte to C4)ntributr £1 in the eveni ora winding up. Page 7
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND Accouiyfs FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number . 1063528 REPORT OF THE COLfNCIL OF MANAGEMENr Responjlbllllld of the Manyment Committtt CoMpY law requirtts th¢ Council of M8na8ement to prepwe financial stateWts for each financial year i¢h give a true and fair viewof the state of affairs of the charitsble comrAny as * the tdance sheet de and of its ineoming r¢sour¢e$ ar appliCatn of SoUrCe& includin8 ift¢om¢ and expenditure for th¢ financial year. In preparing tkne finan¢ial $tst¢mts. the Council of Mana8¢mpJtt stwuld ftlllow best pral¢e and: select suitsbl¢ accounling rKJli¢ies and then apply them (vnsist¢ntty: make jud8ements 8nd estimates that arc rt•nabk prepaTt th¢ financial ststements on the going c4)Mern b&sis wi1¢55 it is inoppropriate to presurne that th¢ Charity will eontinu¢ on that basis. Th¢ COU11 of Managem1 is re5w)nsibl¢ for mainthining prow xwunting records whKh disclose with reaKJnable accuracy at any time the financial wjsition of the charitable company and enable it to ensure that thr financi81 sthtements compty with the Companies Act 2006. The Cwn¢il of Management is al re5pJnsibl¢ for saftguardin8the wets of the charitable cornpany and hence for tsking Teasonablc 5tCPs for the prevrntion ond detection of fraud and LNher irre8ulwiti e Coumcll f Memb¢rs of the Council of Ma&¢ent are dir¢()r5 for the pU[F of law, trwtees for the pUrPc of dt¥ity law, who served during th¢ year up to the date of thi5 r¢p)rt are set out on page 3. Approved by th¢ Coyncil of MaM8antnt on WHI sign¢d on its behalf by: DrN A Cambridge Chairman Dated: 21 June 2024 Page 8
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number 1063528 ACCOLfNTANfs REPORT TO THE COUNCIL OF MANAGEMENf ON THE UNAUDITED ACCOUNTS OF THE ERASMUS DARwfN FOUNDATION In rder assist y(wJ to ftslfil y(wr duties the ComFMnies Act 21x16, we have prepared for your approval the financial statemellts of The EMS Darwin Foundation for the year ended 31 tob¢r 2023. set out on P¢$ 10 to 25 from th¢ a(Unting recwd5 and infomiion and expl8nations you have given to w. It is your duty to ensure th The Erknus Danyin Foundation has kept adequate accounting records 8Ad to wepare ststrjiory financial statements that give a true and fair view of the &55¢ts. liabiliti¢& financial position and proflt of The Erasmus Dan¥in FrAmdation. You Consider that th¢ company is exempt ftorn th¢ ststhtory requirement for an audit forth¢ year. We hav¢ not bcen instruded oui an audit or a review of the financia] staiements of The Erasmus Darwin Foundation. For this reason. we have not verified the accuracy or completeness of the accounting records or information and explanations you have 8iveii to us and we th) no( thexefott, eAwess any opinion on the stslutory flnancial ststements. LOA4 Wynniatt-Husey Limtd Chartered Accountants 8 Bore Strttt Lichfield Siaffordshire WS136LL Dated.. 21 June 2024 Page 9
THE ERASMUS DARWIN FOUI¥4DATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNfs FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number 1063528 STATEMENT OF FtNANCIAL ACTIVITIES (INCLUDING tNCOME AND EXPENDITURE ACCOUNT) For the year ¢nded 31 October 2023 2023 2023 2022 Unrestrirt¢d Total funds fund5 (note 15) 12,121 funds Donations Charitsble activities Investment income 31113 47204 709 44234 47204 709 39.807 43,988 77 Total iTheoNing rewurets 26 11121 92.147 83 nditure Costs of generatin8 volunlary inwme 10203 2.163 12J66 9.019 Direct charitable expenditure 14270 12J21 26.591 12,947 Fundrnisin8 wsts 308 308 Managernent & administration 73J25 11.821 85,146 64215 Tot1 regour¢es expended 98.106 124hl I 86.181 N¢t movement in funds (18.080) (14,184) (32264) (2J091 Reconciliati( of funds: Total fund5 brought forward 82J59 25.728 108.087 IIOJ96 Total funds ejrried fwward 64279 75.823 108.087 Th¢ movement in is ststed gfterctr8ing D¢pre¢iation 1.180 163 lJ43 3.179 Thc statement of financial aciiviti¢5 includes all gains and l(8ses in the year. All incoming resourtts and resotsrces d1¥¢ from ujntinuirtg ¥tivitie& Page 10
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number. 3270753 Chari number . 1063528 BALANCE SHEEf AS AT 31 IrfoBER 2023 2022 Fixed assets T8ngible Sets 10 14SXI 346 Current assets Stocks Debtors C&sh at bank and in haDd 1.950 3.667 70577 76.194 1.950 13.196 93.069 IW15 Creditors: amounts falling due w7thin one year 12 (2.861) (474) Nel current ets Net assets 73J33 75 107,741 108,QB7 Unrt5tri¢ted fvnds Geneyal fuNIs R¢stricted funds 64279 11.544 7U23 82J59 25.728 Pagell
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND AccouNfs FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 32707S3 Chari number 1063528 The ErnS Darwin Fountsion 15 a private cornpany limitrAI by guarantee incorported in England and Wales. The registered office 1$ Darwin Hous4 Beacon SbreL Lichfield, Sthffordshire. WS13 7AD.' Fw the financi year ended 31 Oct(dxr2023 th¢ compw)y was entitled to exemoion from audii under s¢¢tion 477 of the Companie5 Act 2006 lating to sm1 cthnpkni¢5. No members have Yewired the aynpany toolrtain an audii of its finan¢ial ststanents forthe year in question in with Secti 476 of the Companies Act 2006. The directors acknowled8¢ their responllbiliti¢5 for complying with the rtquirements of the Companie5 Act 2006 with rewi to accouoting records and the prepa of finmcial ststen*nts. These financi¥l SteMents have been prepared in xcordaKe with th¢ provisiorts applicabl¢ to companies whieh are Subje the Small ¢ompmies' regime. The fLnan¢ial ststem¢nts were apwoved and for issue by the Board on 21 2024. The notes on pages 14 10 25 foTh part of the5¢ fuwKial sw¢me. Dr N A Cambrid8¢ Trustee Page 12
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUI¥TS FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number 1063528 STATEMENT OF CASH FLOW Y¢¥ ended 31 Cktober 2023 2022 Cash outflow from op&ating xtivities Capit81 eXPeIlture 13 10 (19.714) (3.487) {3.802) cAsh tlow from otKratill8 x¢ivities (23201) (3.802) CLsh flow fiymi investill8 a¢tivitie5 Inrest r¢¢¢ived 709 77 Net flow frorn investin8 Xlivities 709 77 Net decrtase in c88h and wh equivalents (21492) 13.725) Cash And sh equivolents Ixought forw 93.069 96.794 sh and cLsh equivalents erie4J for4Yard 70J77 93.069 C&sh and cash 4uivatents consistof: Cash at FAnk aThJ in h0 70.577 93.069 Cash and cash equivalents at 31 October 2023 70JTI 93.069 Page 13
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number". 3270753 Chari number 1063528 NOTES FORMfNG PART OF THE FtNANCIAL STATEMENrs. Aeo)untlng lkieS The xcounting pjlicics are $ummaril below. The xcounling 11¢1¢$ have been applicd consis¢¢ntly throughout the yearand in the pre¢edingye¥s. 1.] Buis ofA¢couAting Thc Erasmus Darwin Foundation is a charitable company limiknl by guarantee. re8iSteroJ in Eng18nd and Wal&8. In the eventof the charity being wound up. the liability in res of the guarant¢¢ 1$ r¢5tricted ¢o£l per member. The charity is a wblic benefit eniity as defined by FRS102. The fmancial statements hv¢ beert prepared in accordance with Aunting and Reporting by Charities.. Ststemmt of Recommended Praai¢e applicable to ¢hariiies Pparing their a¢Trts in acrd8[¢ with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland {FRS 102). the Chariti¢s Act 2011. the CLKnpanies Acl 21 UK gen¢rally cc¢pied aCUnting praaice ¥plicabl¢ from i January 2015. The financial thternents are &ttp¥d on a going c4)ncern basis derthe h1stori1 cost nVertti0. The financial statements are Pre$ted in sterling whith is the fvnct1o0 cunency of the Charity and rounded to the 1are pound. In preparing the aCCn the TnJste¢s havc tsIdered whether in atvlying the &countin8 poIici¢s required by FRS102 and th¢ CThariti¢s SORP FRS 102 a reS¢thnX0f ¢¥)mparative rtem5 Was needed. No r¢siat¢ments were requir. Unrestri¢ted ndS we available for use at the dira)n of the TTU5tres in furthe¢# ofthe general obj¢ctiv¢s of th¢ dwity. Re5tri¢ted fvnds ar¢ subi&X to f¢5tricii(Ms on th¢ir expendilure Im by th¢ donor. 1.2 In¢omOng All incomin8 resouw are indudt4 in the ststunent orrmancial *tivitrs whcn the tharity is entitled ty the inwme and lh¢ am(yJnt can be quantified with rrwnable accuracy. The followin8 spccific polrcies are applid to particularcat¢gori<%of ineorne.. Voluntsry inc4)me is received by way of 8rants. natIonS and gifts and is included in full in lh¢ statement of financial ¥tivities when re¢eivabk. Grants where en¢idement is o)ThJitional th¢ deliv¢ry of a specific perfornian¢e by the charity 8re rew8nised wha) the charity become5 uno)ndilionally entitled to th¢ Donated services ar fa¢iliti¢s are Incl1 * the value to the charity wher¢ thi% be quantified. Th¢ value of s¢Tric¢5 by Voluntee h&% noi beem included in these aCthts. P48¢ 14
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number 1063528 NOTES FORMtNG PART OF THE FINANCIAL STATEMENTS Investm1 in¢ is Includ when Teceivthk. Irwming r¢source5 from dwithbl¢ 1vIty UTrt¢d for when earnol. Incoming resources from 8r4nt& where related kn pufomiance aThl Slfi¢ delivttable4 #re accounted for as the charity earns the right ro aSIderi(l by its pttfommn 1.3 Reso•rees ¢xpettded Expendilwe is rewised on an eryal btsis as a liability is incurrryl. Co#s of Be[w1n8 fvnds )mprise ry)sts &wiattd with affr¥ting Voltary irKome •nd the costs of trading for fundraising purposes includRng the dwity's sde of gts. Charitable cxp¢ndilure comprises thos¢ cort8 irU by the tharity in the delivery of xtivities and services for its ben¢ficiari¢s. It includes both costs that be allocated diray to Such #clivities and those costs of an indiRct nature necessary io supwjrt them. Manag¢ment a1 Administration ¢osts include kn costs asgxiated with me¢ting the constitutiOllAI and statutory r4uirements of the charity atKI include the LX)Ys lirtked to the strategic managern¢nt of the Charity. All costs are alloted bdween eXllUTe ¢th8orie5 of the Statemeni of Financial A¢tivili¢s on basi5 designed to reflect the use of the resource. Costs relating to a particularp%ttvity are a]located directly. othus are apportton¢d on an apprOprit basis e8 (loc 8re4& ptr capiw e5timad usage Oui in note 1.4 T•nglble fixed nd depT¢¢l¢io Tangible fixed asscts are stakd cost less deprtciation. Depreciati is provided at rates eal¢ulated to writ¢ off the less e#imaled re5Mlual value of eath 8SXtover its ¢xprttsJ useful lif4 ts follows: Furnire and exhibits Fixture, fittin8s & equipnk IO% straight line 10- 25% Strdight line Assets Th)t measured at fair value are reviewed fOrY indicalion that the &ss¢t may b¢ impaired. If appropriate the recoverabl¢ amount of th¢ asset 1$ estimafed thd o)mpared kn the caryying amount. WIKre the wryin8 amount exceeds its recoverable amounL an impaiTment10s5 is reco8nis¢d in th¢ SOFA unless Ihe assei is Carried * a revalued amount wherE the impairnnt k6s is a revaluation de¢. 1.5 Stock Sk is Ved at the lowerof cost net Tealisttbl¢ VAI Pagc 15
THE ERASMUS DARWIIY FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number 1063S28 NOTES FORMfNG PART OF THE FINANCIAL STATEMENTS 1.6 Reetlvbles bleS wIthID oneye•r D¢b¢ors #nd crediti)rs with rffj Sed interest ra and rtrxivabk or pwble within one yw ar¢ re¢orded at transaction price. Any losse5 arisin8 from Im11 reiX)8niJ in expemditi 1.7 Provlsi• Provisions rerngni5ed whem th¢ ¢lMrity has kn obligatK)n at the iw]an¢e sle¢ date &% a result of a past event, it is probable that an oufflow of rxonmi¢ benefits will be Tt¥wwed settlemen¢ the amount c•n b¢ reliabty ¢stimaled. 1.8 Ernp]oye¢ benefits The charity oFtrate5 a defined ltrIbUtion petr)n scherne for the bencflt of all employees. Th¢ assets of the scheme are hekl separdly from tlMJS¢ of the chfirity in an indcpetthtly administrred h¢M Contributions payable to the scherne are charpl th¢ SOFA in the pml to whieh they relate. 1.9 Lwes Rentals payable und¢ropuating lew are charga to the SOFA on a stratght line b&sis over th¢ puiod of the lew. 1.10 Tax The charity is consider¢d io haye passed the lests set out in Pwagraph I Schedule 6 FiMnc¢ Act 2010 and therefore me¢ts the definilM)n of a charitabk compwry kn UK CorWa¢ Pur6. 1.1 l Goimg ¢oieern Th¢ financial statemerts have been prepared on a 80inB concern basis the truste¢s believe that no mat¢rial unc¢rt4inties exisL The trust¢¢s have consideTJ the Sevel of funds held and the expected level of income and expenditure for 12 rn(th$ from the authorization of these financial $tat¢ments. The trust¢es Consider that ihere is a reasonable expectalion that the Charity has adequate resources to continue in operntional ¢xistenc¢ for the foreseeable fuiure. The Charity therefore continues to op¢rate the going con¢¢rn basis in preparing its financial sta¢¢ments. 1.12 Judt¢mets Thd key sowrets ofesthn•tio #¢¢rtlttty Ther¢ have been judgements {apart from th05¢ involving estimat¢51 made in the proce55 of applying ihe above a¢¢ounting policies that have had a signif]tt effect on amounts recogniz¢d in th¢ financial statcments. There ir¢ no key assumptions eonceming the future aThl othw key SoUrS of ¢imation uncertainty at lh¢ reporting datr thot have a significant risk OruSIng a rnalerial adjustment Pa8¢ 16
THE ERASMUS DARWIIY FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ooBER 2023 Company uumber". 3270753 Chari number .. 1063528 to the carrying firnots of assets and liabilRti¢s within the nex¢ firt181 year. 1.13 exhlblts Th¢ Charity's exhibits arise from two n)atn gXWCe5: those quired frorn the Dean & Cffiapter. 4ThJ the Surgery and InVeil Room exhlts aquired with the hdp of 8r4nts. The exhibits Are considered by the Tntstees to be fwr weeogniiion of the work of Erasmus Darwin and il is the Museum's gen¢ra] poli¢y not to or dispos¢ of exhibits. unless to do $0 had the effxt of enhan¢in8 the iniegTity of the colleeiion. Forthis re&YJn theTe have been no 11105 ordisrwls since 2015. Collections mana8anent The tnLStees' primary objeaive 15 to safeguwd and devel> the exhibits that they can b¢ made a¢ssible as pJssibl¢. This objective is delivered thr(yJgh pro8r8mme5 of displays. eval pyblication5. websites. fiCldwrk, r¢search. doojmentaiion and collecticAts ctre. Objects from the colle¢iion (n be either displayed in th¢ museum aThJ on website. or made available via loans ts) third parties. StOTa8e and Cu¢ The collection FS displayed and StOd acoyding to recwised international stsndtrds for th¢ preva)tion of material deterioration. Library and arthiwe storage fxilities aDd exhibitions are ed and infonned by the requirements of BS 5454 and Th¢ National Archiv¢5 Sthndard for RK4Nd Rep)sitorie5. tkncumetjtsiion Exhibits ar¢ docum¢nted in ac¢onkn with Atts COU11 England r¢quirem¢nts SPECtRUM. Th¢ Museym ha5 se¢U title to all obj¢¢ts in th¢ exhibits ¢ollECtion. knlds b&si¢ dats on every obj¢ct so that it can be uniquely identified and the collection audited r¢gularly. and ensure5 T¢rdS r¢lating to obiKts in the colle¢iion enhanced And mk available lo audiences where approwiate. Inclusion of the exhibits irt the Ba]an¢¢ Sheet The collcctions Includ in the balance She at ori8inal cost less deprKiation. No attempt has been mth kn reaststr the exhibitions at vaiuatK)n as it is coDsideMI that this would be a tim¢-consumin8 and 5ubFctiv¢ extrc with littk COmrnraj *tvanlage. Pa8e 17
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANACEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari umber 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. 2023 2023 2022 Funds Funds T8[ 2 Ine from Dotttions •nd l¢yeies Grants Emergency grants IC81 AutlK)rtti& 496 11121 11617 21369 4.0( 1.5 12,738 39007 1.500 30,117 32,IA3 iJ(x) 30.117 44334 11121 3 Ineome from Chrlt*ble Ae¢lviti Admissions Book5 guides and souvenirs Contract lettings and weddin85 Other income Event5 and eat¢Tin8 21.992 4,060 21.992 21J72 4.337 11,993 855 5,431 11.2CV) 480 9.463 47304 9.463 47J04 InvutmeTrt iD¢ome Inter¢st reeeivable 709 709 77 Pgge 18
THE ERASMUS DARN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ooBER 2023 Company number: 3270753 Chari number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENrs. S Tot1 resourw txpendtd 2023 2022 Fun fithds Totsl Total Costs of G¢nernting Voluntary Ineome Sabari¢s 10203 1163 12J66 9.019 Direct Charitable Expenditur¢ Direct Q)Sts of sale Repairs and mainta)tce Cleaning Deprecialion 7J29 5,054 707 1.180 14370 lJ50 10.608 8,879 15.662 7tr7 lJ43 26J91 4274 4.908 586 3.179 12,947 163 12J21 FundrnisinB costs Advertisin8 308 308 Page 19
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AIW AccourS FOR THE YEAR ENDED 31 ocfoBER 2023 Company number: 3270753 Chari number 1063528 NOTES FORMNG PART OF THE FtNANCIAL STATEMENTS. Totsl rewur¢es expe•ded 2023 2022 Fun Totsl Totsl M8nagement armj Administration Salaries Pension Project Management Rent 20.461 397 20.461 397 6J65 25.850 713 13.361 5.491 19.948 421 5.775 23.320 567 5.939 1740 540 268 349 4J48 6J65 25.850 713 13J61 2.751 Heat. light and water Posts8e Stationery and IT Telephon¢ Bank charges Subscriptions Insurance Prof¢ssioMI fees 2.740 312 215 4.154 312 215 4.154 5.716 85,146 2.716 64215 7 CDuAdl of M•na8ement None of the Council of Manag (trany persons c4xme¢kd with them) rtvived Y rnuneration durin8 the period. Pa8¢ 20
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND AccouNfs FOR THE YEAR ENDED 31 OCTOBER 2023 Company number". 3270753 Chari number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMETrrrs. 8 &1(f ¢0gts and Number of employ¢es The average monthly rnmilwof emp]oye¢s durin8 the peri wa 2023 Numbtr 2022 Nurnber Management Administration and sup 9 AntyJts of •gsets itweety Tan8ibk fixed asse Current &ssets Current liabilities Nei at 31 Cktober 2023 2.166 64,974 (2,861) 64279 324 11220 2.4 76,194 (2,861) 75123 PA8e21
THE ERASMUS DARWIN FOUNDATION COUNCIL OF AGEmENT's REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 ocfoBER 2023 Company llumber: 3270753 Chari number 1063528 NOTES FORMING PART OF THE FtNANCIAL STATEMEFrrs. 10 T•Ible red assets Fixture5. fittings & equipment 2023 C05¢ At l November 2022 Additions At 31 oober2D23 224.761 3.487 228248 Depreciation At l November 2022 Charge for the perK)d At 31 October 2023 224.415 1.343 22S758 Net book value At 31 O¢tob¢r 2011 At 31 (ktober 2022 346 11 Deb¢ors 2023 2022 Trade d¢btors Other debtors 1.165 2J02 3.667 13.1% 13,196 Page 22
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number 1063528 NOTES FORMtNG PART OF THE FNANCIAL STATEMENTS. 2023 2022 12 Creditors: amounls flllts8 due vAthln 0 y¢•r Trade crfAiiors Oth¢r creditors 474 2.161 2J61 474 13 R¢oowJelllatlo# of Jt Imcome to vt Ik)w from optrntipi etiviths 2023 2022 Net d¢ficit Interest received Depreciation irnpaiTmMtof tangible fix¢d assets tkcreasellIncrease) in debr$ InerEgsel(Decreasey in creditors Net cash (out)finflow from OWlli8 a1vIll¢S {32264) (709) 1.343 9J29 2.387 (19.714) IU09) (771 3.179 (4,8191 224 (3.802) 14 Related partles There are no related party trans¥¢ions. Page 23
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANACEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Company number: 3270753 Chari number ,' 1063528 NOTES FORMtNG PART OF THE FINANCIAL STAIEMENTS. 15 A Th•lyw of Movements ITr restrlcled Bh 1.11.2•22 ExpeAdlt#ft Bl4net 31.111.2023 Young Roots Projeci Surgery refvrbishmenl Art Project Archway repair Garden StaiKase refurbishmeDI Education Boil 9.439 488 479 5.150 (12.894) {163} 1.695 325 479 4.500 1.049 .696 1.800 4JlX) i J(x) 1553 4.7 3.350 5.719 2S728 (2.IYJ4) (3.IXM) {1.550) {6,6) (2L305) IL121 llJ44 Bltte Ineomt Expuhdlture Blnce 31.102D22 Youn8 Roots Project Surgery refurbishment Art Proie¢t Garden Sthirca5e refurb15hm¢nt Educion Boiler 6.124 3.487 479 575 (7.685) (2.999) 9.439 488 479 1.553 4.700 3.350 5.719 25,728 i.oso {72) (300) 3.350 5.719 21,119 (I IN56) Opuing lew- lessee Total minirnum le¥¢ payments under N)n- canc¢llable operating leases 8r¢ as follo 2023 2022 Within one year IAt¢r than one and not later than fiveyear5 9.076 24,018 9.076 Page 24
THE ERASMUS DARN FOUNDATION COUNCIL OF MANAGEMENfs REPORT AND AccouNfs FOR THE YEAR ENDED 31 OCTOBER 2023 Company number. 3270753 Cha umber 1063528 17 Contingent li•billty The Found*ion have WlouS1Y agreed with Lichfxld Cathra1 thjt any could be pabd towards the repayment of a loan from the Cathra] if Surplus fimds We to be¢ome available to the Foundation. The 10on amountin8 to £53,830 w&8 written to Genenl FuTMls in 2007. followin8 which thr¢¢ paymcnts have b¢¢n m8de to reduce the ind¢biedness to £48.730. It is rKiw prowTr5ed to repay the loan by 88reed instalrn¢nts. which will trt8in on¢¢ * n¢w It has been si