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 It￿rt
Aceounthrtts [t￿rt
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
Tr￿ttt￿ of the Charity
Trwiets and Dlredon Jervint
CouTrdl of Mi￿geMent 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
co￿￿nY number
3270753
Pr1Dc1￿1 *ddre&8
#nd re¥L￿ered 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
Lichr￿Id
Siaffordshire
Solieltors
An￿rts LLP
St Marys Charnbers
5 Breadmarket Strttt
Li¢hfield
Staffordshire WS13 6LQ
Pa8e 4

THE ERASMUS DAR￿N FOUNDATION
COUNCIL OF MANAGEMEwf's REPORT AND ACCOUNTS FOR THE YEAR
ENDED 31 o￿oBER 2023
Company number: 3270753
Chari
number
1063528
REPORT OF THE COUNCIL OF MANAGEMENT
The *counts have been pr￿ved 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 Re￿MMend¢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 b￿￿rne 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 nOMin￿ed 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 Wol￿tary *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 rt￿J01 risks to which the charity is ex￿d.
The risks are recorded and r¢viewed annually. Where approw< SyS*ms 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 Stn￿l
Day to day provision of services are provided under the control and SUperV￿10n of a Man8gem¢nt
Committee and the House M￿ager. The M8nag¢ment Commiitee is rESP)￿•b]e for ensuring ihat the
Charity delivers lh¢ speCif￿d services and that key wfornLan¢¢ indicators are m¢t. The Manager has
r¢S￿￿1b1}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 Catl*thil *)d Lithfield District tyl City Councils. No memFw of
Council is ronn￿d with either body.
Obje¢ts *nd Acll*itles
The Charity's obj'ects are to maw¢ and develop a suitable nwnorial k) Ensmus Danvin. I￿luding
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 Era￿u$ Darwin. of thc j￿ilding in Li¢hftdd which was his
home.
Ihe policies adowed in of these objects are to maintain a sw*e8y 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 Obi￿tIveS aThJ in plannin8 future
activiti¢s.
Achievements amd perfornaiet
During the year the Clwrity Lminued to deveknp the I￿1vIll¢S of Erasmus Danvin Hom￿.
Fin4Dclal review
Although the￿ was an inc￿￿ locom¢ fortheyex the Clwity experienced an unexpx*ed 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 inveStm￿L
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¢ Co￿5￿deAli0n
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)er￿181 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 Man*yment Committtt
CoMp￿Y law requirtts th¢ Council of M8na8ement to prepwe financial stateW￿￿ts for each financial year
i¢h give a true and fair viewof the state of affairs of the charitsble comrAny as * the tdance sheet d￿e
and of its ineoming r¢sour¢e$ ar￿ appliCat￿n of ￿SoUrCe& includin8 ift¢om¢ and expenditure for th¢
financial year. In preparing tkne finan¢ial $tst¢m￿ts. the Council of Mana8¢mpJtt stwuld ftlllow best
pra￿l¢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¢ COU￿11 of Managem￿1 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 M￿a&¢￿ent are dir¢(*)r5 for the pU[F￿ of law, trwtees
for the pUrP￿c 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 r￿der ￿ assist y(wJ to ftslfil y(wr duties the ComFMnies Act 21x16, we have prepared for your approval the
financial statemellts of The E￿M￿S Darwin Foundation for the year ended 31 ￿tob¢r 2023. set out on P￿¢$ 10 to
25 from th¢ a(￿Unting recwd5 and infomi*ion 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 Limt*d
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
Tot*1 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 gfterc*tr8ing
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 d￿1¥¢ 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 Er￿n￿S 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 sm￿1 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 St￿eMents 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 eXPe￿Ilture
13
10
(19.714)
(3.487)
{3.802)
cAsh tlow from otKratill8 x¢ivities
(23201)
(3.802)
CLsh flow fiymi investill8 a¢tivitie5
In*rest 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 e*rie4J for4Yard
70J77
93.069
C&sh and cash 4uivatents consistof:
Cash at FAnk aThJ in h￿0
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 $ummari*l below. The xcounling ￿11¢1¢$ 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 A￿unting and Reporting by Charities.. Ststemmt of Recommended Praai¢e applicable to
¢hariiies P￿paring their a¢￿￿Trts in ac￿rd8[￿¢ 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 aC￿Unting praaice ¥plicabl¢ from i January 2015.
The financial thternents are &ttp¥￿d on a going c4)ncern basis ￿derthe h1stori￿1 cost ￿nVertti0￿. The
financial statements are Pre$￿ted in sterling whith is the fvnct1o0￿ cunency of the Charity and rounded to
the 1*are￿ pound.
In preparing the aCC￿n￿ the TnJste¢s havc ￿tsIdered whether in atvlying the &countin8 poIici¢s
required by FRS102 and th¢ CThariti¢s SORP FRS 102 a reS¢thn￿X0f ¢¥)mparative rtem5 Was needed. No
r¢siat¢ments were requir￿.
Unrestri¢ted ￿ndS we available for use at the di￿ra￿)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 Incl￿1￿ * the value to the charity wher¢ thi% be quantified. Th¢
value of s¢Tric¢5 by Voluntee￿ h&% noi beem included in these aC￿thts.
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
Investm￿1 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 S￿lfi¢ delivttable4 #re accounted for
as the charity earns the right ro a￿SIder*i(￿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[w￿1n8 fvnds ￿)mprise ry)sts &wiattd with affr¥ting Vol￿tary irKome •nd the costs of
trading for fundraising purposes includRng the dwity's sde of g￿ts.
Charitable cxp¢ndilure comprises thos¢ cort8 ir￿U￿￿ 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 a￿1 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 allo￿ted bdween eX￿￿llUTe ¢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 apprOpri￿t basis e8 (loc￿ 8re4& ptr capiw e5tima*d 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:
Furni￿re and exhibits
Fixture, fittin8s & equipnk
IO% straight line
10- 25% Strdight line
Assets Th)t measured at fair value are reviewed fOr￿Y 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 impairn*nt k6s is a revaluation de¢￿.
1.5 Stock
S￿￿k is V￿￿ed 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 Reetlv*bles ￿￿bleS wIthID oneye•r
D¢b¢ors #nd crediti)rs with rffj S￿ed interest ra* and rtrxivabk or pwble within one yw ar¢ re¢orded at
transaction price. Any losse5 arisin8 from Im￿1￿￿1 ￿ reiX)8ni*J in expemditi
1.7 Provlsi•
Provisions rerngni5ed whem th¢ ¢lMrity has kn obligatK)n at the iw]an¢e sl*e¢ 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 pe￿tr)n scherne for the bencflt of all employees. Th¢ assets of
the scheme are hekl separd*ly 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¢￿ Pur￿6￿.
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 consideT*J 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¢me*ts *Thd key sowrets ofesthn•tio* *#¢¢rt*lttty
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 SoUr￿S of ¢*imation
uncertainty at lh¢ reporting datr thot have a significant risk Or￿uSIng a rnalerial adjustment
Pa8¢ 16

THE ERASMUS DARWIIY FOUNDATION
COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR
ENDED 31 o￿oBER 2023
Company uumber". 3270753
Chari
number .. 1063528
to the carrying firno￿ts of assets and liabilRti¢s within the nex¢ firt￿￿181 year.
1.13 exhlblts
Th¢ Charity's exhibits arise from two n)atn gXWCe5:
those ￿quired frorn the Dean & Cffiapter. 4ThJ
the Surgery and InVe￿il￿ Room exh￿lts 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 ￿1110￿5 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. fiCldw￿rk, 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 StO￿d 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 COU￿11 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 m*k 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 COmrn￿raj *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
T￿8[
2 In￿￿e from Dott*tions •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 Ch*rlt*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 DAR￿N FOUNDATION
COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR
ENDED 31 o￿oBER 2023
Company number: 3270753
Chari
number
1063528
NOTES FORMING PART OF THE FINANCIAL STATEMENrs.
S Tot*1 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 Accou￿rS 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 r￿nuneration
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 An*tyJts of •gsets i*tweety
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 r￿ed assets
Fixture5.
fittings &
equipment
2023
C05¢
At l November 2022
Additions
At 31 o￿ober2D23
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 f*lllts8 due vAthln 0￿* y¢•r
Trade crfAiiors
Oth¢r creditors
474
2.161
2J61
474
13 R¢oowJelllatlo# of J*t Imcome to vt Ik)w from optrntipi *etiviths
2023
2022
Net d¢ficit
Interest received
Depreciation irnpaiTmMtof tangible fix¢d assets
tkcreasellIncrease) in deb￿r$
InerEgsel(Decreasey in creditors
Net cash (out)finflow from OWlli8 a￿1vIll¢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
B*h
1.11.2•22
ExpeAdlt#ft B*l4net
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
B*l*tte Ineomt Expuhdlture B*l*nce
31.102D22
Youn8 Roots Project
Surgery refurbishment
Art Proie¢t
Garden
Sthirca5e refurb15hm¢nt
Educ*ion
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)
Opu*ing 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 DAR￿N 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 W￿louS1Y agreed with Lichfxld Cath￿ra1 thjt any could be pabd towards the
repayment of a loan from the Cath￿ra] 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