THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR EINDED 31 OCTOBER 2024 Company number: 3270753 Cliarit number 1063528 Page I
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charit number 1063528 CONTENTS Page Council ofmanagemenl's report Accounlanls rLPOrt SIuiLlhL'nl ol- liiiancial aclivilies 10 Bolance Sheei Statement ol'cash Flow 13 Notes lo the acLount5 Page 2
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Conipaiiy number: 3270753 Charit number 1063528 ADMINISTRATIVE INFORMATION Trustees of the ChArity Trustees Director5 serving as Council of MRnAgement during the yewr Mi's J E Arihur J Iliirlc)Iv ThL IILVLfL'nd Canoii A N Baniui'd M i%q l) Ci Illak'¢'_Ilc)l)Lrls Mi's M (J 11(iylL II'LIii'Ld 20 JiinL 20241 11 W Ili'iiivn Mr.% M.1.. 13udgTrLn Di. N A Cain bi'idg Dll S l) Cliaplin Drprrara S Flai'ris D.J. Kershuw Dr C M L()ckwood Page 3
THE ERAsrvtUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charit number 1063528 ADMINISTRATIVE INFORMA TION Seeretllry N c faunch Charity number 1063528 CoJni)aiiy nuinber 3270753 Prii)cipAI A<Jdress nd J'egistered offiee l..1'(1sinu81)di'iviii 14()us¢' %iall()I'dshirL WS13 7AD A¢count&nts Wynniati-Flusey l.td ChartLred Accounlanls 8 EJ()rL' SirLcI Lichl ILld Siallordshii'e WS13 6LL Bankers Nal WL'%I I)I.C Mai'kcl SirLLI Stal'loi'd%l)ir¢ Solicitors Ansons LLP Si Maiys Chumber5 5 BrLadmarkel Sireet l.ichlield SialTord5hire WS13 6LQ l)age 4
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MAIYAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Coinp#ny number: 3270753 Charit number 1063528 REPORT OF THE COUNCIL OF MANAGEMENT The accounts have been prepared in accordance with the accounting policies set out in nole I lo the accounts and comply with the charity's Memorandum and Articles, Ihe Charities Acl 201 I, the Companies Acl 2006 and ALeounting and Reporting by Charitie5'. Stalemenl of Recoii)mended Practice applicable lo Charilies pi'eparing their accouiils in accordance with the Financial Reporting Standard applicable in (he UK and Ilepublic ol. Ireland (rRs102) s¢¢ond edition published in 2019. Structure. Governmnce iin(l MAnAg¢ment Qi(IVL'rnii) l)i)LumLni The oi'gai)isalion is a churilablL Lompaiiy limilLd by b)uai'anieL. ThL' conipany was formed under a Memoi'un¢Jum ol. Associaiion which L51ablishLd Ihc objecis and power5 of the charilable company and is governed uiidcr ils Articles ol'Associaiion, Any person m&y becom¢ a In¢niber on payment ora 5ubscriplion. 'fh¢ member5 have a liability resiri¢icd lo £1 per member on winding up. Ilecr nlunda ointm uuncil ol. Mana em 'I'hL direclor5 of Ihe coinpany arL also charily IrusieL5 for Il)c purposLs ol'charilable law and und¢r the coinpany'5 Arlicles ufL' known as mLmbcr5 01. Ihe Council ol. Managimenl. Under the ILmi% ol. tl)L ML'n)(Irai)dvm and ArtILILS ol'AssoLialion the mLmbers ol'ihe Council ol. ManagLmenl arL' dividLd inlo Ihi'LL ¥JILL)i)rics. ()I' IliL l ii'sl i(iIiLI()I')' ()I' l-()undLI' M¥inhir.s IhLI'L III'L n()ne rL'n)ainiiig on lh¥ C()LinLiI. fivL i))L'iiil)¥1'.4 l(Iii bL 111)In ii)alLd l)y 114)diLS uiidLI' Llau5L 31 lal. OIliLI' n)LiiibLr8 urL dpp(lil)l¥d by IIIL C.'()unLiI I()I' rLIILivabl¥ lixed ILI'I)).%. MLiiihLr.8hip ol'ihc Council ()]' MaiiagcmLnl 18 sought Iron) business, voluntary und academie se¢lors lo pri)vidL (I bi'(liid ()I'skills l() IhL Ll)ui'ily. Tru In uclion and Trainin New Irustees are inviled lo attend an induclion meLsling lo fumiliarise themselves wilh the ¢harily und Ihe eoniL'xI wiihin whiLh il operates. 'I'hLsL are led by Ihc Chairnian of the Managimenl Commillec and cover thL obligulioiis ol'council ol Manllgement mcmbLrs, IhL ILgal Iramework of Ihe charily, soUrce& and eurr¢nl linuncial posilion, and Iuiui'L Strategy. R. k Mana enien The Council ol- Management have conducted a revieiv ofihe major risks to which the charity is exposed. Thl ri.sks arL fLL()I'dLd und rLviLIVLd annvally. WhLfL appropi'ic11¢, 5ysILins IiuvL bLLn Lsitshli%h¢d lo miiiuJu(L I'i%k.%. l..xlii'iial I'isk5 lo luiidiiig liavL lcd i() I'LLJular rLiii¢i¥S In Lslahlisli nLiiJ luiidii)g souire5. Inlci'ii(Il Lollll'ol I'isk5 arl. iii inim i5L.d hy SUPLllllSI()n dnd Ll)nii'(Il piYi¥edui'LS. l)ILldurls are iii plaL¢, and are rc'gulai'l), I'¢viiwed, Io Ln5ure ¢()mpliance iviih Health and Salel), und ()Ihei' N'levanl l¢gislalion. Page 5
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charit number 1063528 ()I' l&ini.%alioiidl %ii'uLlui'e Diiy lo day provision ofservicL5 ui'c pi'ovidcd under ihe conirul and supL'rvision of a Managenien( Committee and the l-louse Manager. The Management Committee is responsible for ensuring ihat the Charity delivers (he specified services and that key performance indicalors are mel. The Manager has responsibility for the day to (lay operational man&gemLnt ol'thc House. individual supervision of the stati. team and Lnsuring Ihal the team conlinue to develop their perlomiance ld skills in lin¢ with good praclice. ThL Lharily works closely with Lichlield Cathedrnl and Lichfield District and Cily Councils. No member or CounLiI is Lonnecled i¥iih eiihLI' body. Objects And Activities 'I'hL Lhai'ily'4 objLuls arL Io LIL'ate In1)1gL aiid devLlop a suilablL 11)LmoriJl li) Erasnius l)arivin, iiiLluding LXLLIILIILL hL'lillii)& Ili¥ lili (Iiid i¥oi'ks ol. l..I'as1))U5 DJriviii, and i)I'IIIL buildiiib> in l.iLhl ield ivl)iil) Ivas his 'I'hL p()IiiiLS adopiLd in ILlrth¢rJii¢c ol'ihLsc objcLiS arL% to mainlJin il 51rul¥gy ol. markLliiib) and pi'omulion ol. the charily's prem ises aiid c()ntL'nls and IhLrL has bLLn no changc in Ih¢se policies during the year. Th¢ Iruslccs confimi they have ref¢rrcd lo Ihc guidancL conlaii)cd in Il)¢ Charity Commission's gLnLral guidancL oil public benLlIl whLn rL'viewing Ihc I'"oundalion's uims and objLLIIvLS and in planning lulure cliviliLS. Aclilevements &nd i)erformAn¢e During the year the Charity continued lo develop (he aclivities of Ernsmus Darwin House. iIIAIICiAI review Alihiiiiuli (IILI'L iva.s ali Illll'LaSL iii inL()I))L li)r tIiL' yL'al' thi Cliill'il>' LNPLI'iLnLLd an unLXPLeied increase in utilily diid o(l)Ll' ruiiniiig L05ls. 'I'lILrL %VUS u dLI iLi( l(Trr ihL yi4ir ()1-£12,780. Princi )Ml fundin urccs Aside from (he income generated by donors. visilors and users of Ihe House the principal funding sources continue lo be Lichfield Cily Council and other granl providers. l)age 6
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Chari nun)ber 1063528 Investiiieiil olic Although IliL Chai'ily I'L'laiiis a pi'udenl aiiicTruiil in res¢rves eaLh >'Laf. Inos1 ol'ihe chai'il) s lund5 Jir lo be -SPLiiI iii (lie sh()I'l IL'I-iii so tliei'e are leii, luiids lor long ILI'ln il)VL'StmLlII. Reserve5 Jolic It is Il)e poliLy ol'ihL charity thai unrestriLled liquid lunds should bL' mait)thined al a level Cquivalenl lo lour monih's expendilure. The trustees Lonsid¢r that reserves al this level will ensure Ihal, in th¢ evenl ol'a signilicani drop in lunding, they iyill he ahle lo conlinuc Ihe charily's current aclivili¢5 while consideration is given to ways in wliich uddilional lunds may bc rai.d. PIAns for future eriod5 'rh¢ Council plans coniinuing the aclivilies ouilined above in forth¢oming years subjecl lo salisfaciory funding arrang¢m¢nls. Nc)i)L ()I'ihL' mLmbers ol. thc Council of Manageiiicnl h&s any benLfieial int¢r¢sl in Ihe company. All ol'ih¢ i))¢i)Ih¥i'% (Il'ihL Ci)uiiLi l ()I' MaiiugiLIi)Lni ar¢ iiiLiiihLI'% i)l- Il)L c()11)Pilliy ¢ind giiui'anlLe l() L(Iniribiili £ l iii IhL L'VLIII ()I' a %vindin&J up. Page 7
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANACEMEKf's REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 CompAny number.. 3270753 Chari number 1063528 REPORT OF THE COUNCIL OF MANAGEMENT Responslbllltles of the MRnAgement Commltlet Compani, loiv requir¢s ihe Council ol'Manug¢mcni io preporc linonclal siaicments foreach finan¢ial year which give o irue and loir view ofih¢ SlDle ol'oiftsirs ofihe ¢huriiobl¢ compony a5 ai ihe balance sh¢¢i dai¢ and of its incoming resources and application of re50ur¢¢s, includin8 income ond expendilure for the rinanciol year. In preparln8 ihos¢ finonti81 sioi¢meni4 ihe Council ofMan&Bemenl should follow besi praciice ond: Jeled syliubl¢ ac¢ounilnR pollcles Ihen Bpply ihem consislenily make judgements and es¢imlli¢s lh renable and prndeni; prepar¢ the financlal sia*mert15 on Ihe ¢oinR ¢on¢¢rn basis unless li Is Inapproprie prolume ihai lh¢ Churity wlll con¢lnui on ihat 1431& The CounLII ol'Mona&em¢ni is responsiblL foi. moinlainlng pmp¢r nLcounilng r¢¢ords ivhi¢h dls¢losc wlih rL'a50nable QLcufllLy ul any lirne Illl finonciul posilion of lh& charliahle company and enablc li In ¢nsur¢ ihal IhL finoiiciul 51QILni¥iiis eoinply lviih IliL Coniponiis Act 201M.'rhL C()uiicil ol'Muna¥LinLni Is 01.80 ponsible lor sDfeAuurdin8 ihe Bssci8 ol. IhL cl)arilabl¢ con)pany und hYncL for iakin8 reasonable sl¢p.$ for lh¢ ptYi'Lntion und deieclion or rrtsuii und oihLr itre8uloriiie& Memb¢rs ofih¢ Coun¢ll of Muna8¢menl, who ar¢ dlrKioTS for the purpose of compony liw, and irusk for ihe purpose Of¢h01Y law, who ted durln8 Ihe yeBr and up lo tho dale of Ihls report ar¢ set out on page 3, Approv by (he Councll of Mun88emeni on and 3lRn¢d on iLs behllifby: DrN A Combridlle Chairma Daied: 6 JunL 2025 P48e 8
THE ERASMUS DARWIN FOUIYDATION COUNCIL OF MANAGEMENT'S REI)OIIT ANI) ACCOUNTS foR THE YEAR ENDED 31 OCTOIJF.R 2024 Company number: 3270753 Chari number 1063528 ACCOLfNTANTS REPORT TO THE COUNCIL or MANAGEMENT ON THE UNAUDITED ACCOUNTS OF THE ERASMUS DARWIN FOUNDATION Iii order io assi51 you io fulfil your duii¢$ under ihe Coi)Ipgnies Aci ?006. iiie Iiuv¢ pr¢pllred for }our opproval Ihe riiiai)¢ial Sllliiiiienls 01. I'lie frusmiis Danvin foundi1LlllI) r(Fi' Ilie vear Lndtyd 31 Ocioh¢r 2024, sei oul on pogcs l O li is your duly Io L115ULf 111o1'1'he lyosinus tjuriiin l.'oiiiid411ii)ii Iiiis kcpi odLxiualL acitMiI)Iii)8 records ond i() prepare siuiulory linanciul sithi¢i)ILI)(s Iliul bJiVL U truc llnd laii. viLiv ol. IIIL a&s¢lS. liabiliii¥s. liiianci41 posiiion ond piDlii or 'I'hL Ernsmus D&nvin I".ounduiion. You consider ihuL Ihl Conipan), 15 ¢.x¢ii)pl from ihe siDlulOry requiiLmenl for an audii for ihe year. W¢ hove noi been insiruaed io oui on audlt or o revlew of ihe finonciul swiements of Th¢ Erll5mu$ D•nvin Foundalion. For ihls reoson, iyc hove noi verined ihc u¢¢uracY or compl¢leness of the aUntIn1 r¢¢onls or infomiAiion ond explall0n$ you hfjve 8lven io us ive do n, Ihercfor¢, expreu ony oplnlon on ih¢ 81u10ry fln&n¢lDI staiements. Wynni811-Husey Lin)IlLd Chprtered Accouninn15 8 Bore Sireei Lichfield Siutfordshir¢ WS13 6LL Dnied: 6 Jun¢ 2025 Page 9
THE ERASIIWS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Conipany number: 3270753 Charit number 1063528 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) roi. IhL yLar ended 31 Oclobei. 2024 2024 2024 2024 2023 Noie5 Unresli'i¢i¥d luiid5 Reslricled lund5 (note 151 51,125 Total funds T()ial IIL(IniL l)()i)aiioiis and g?r411i1s 29.571 48,28X 5,358 O,C)()(} 48,21111 44.234 47,204 709 Total Ineomlng resources 83,217 51,125 134J42 92,147 endilur Cosis ol. gLneraling volunlury inioiii¢ 11,887 11,887 12,366 Direct ¢haritable exp¢ndilure 13,061 7,559 20,620 26,591 rundi'aisingy LOSI.8 120 120 308 Man<iLPeiLnt & adiii ini%lruiion 7111)29 70,929 85,146 l VIAI resources exi)eiide(I 9.5,997 103,.Sfj6 124,41 Nel movemenl in funds (12,780) 43,566 30,786 (32,264) R¢concilialion of lunds.. Tolul funds brought forward 15,549 11,544 27,093 59,357 Total lunds Larried lorward 2,769 55,110 57,879 27,093 -hL liet 1111)VLillLni in lunds is siaiLd allei. charging l)epi'LLiali()n 163 1.343 1,343 ThL 5lkllLlnLiiI ol. finaiiLiul aclivilies inLludL5 al I gains and10sse5 in Ihe year. All incoming resources and resources expended derive Irom conlinuing activities. Page 10
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER2024 Coinpany number: 3270753 Charit number 1063528 BALANCE SHEET AS AT 31 OCTOBER 2024 Notes 2024 2023 Fixed asseis .1 angihle assets 10 1,147 2,490 Cui'rei)l assets SIoLk% 1,150 5,714 101.754 108,618 1,950 3,667 70,577 76,194 Cash al bank and in hand Creditors: amounls falling due within one year 12 (51,886) (51,591) Net eurrent fi$$ets 56,732 24,603 Net assets 57079 27,093 (iLI)¥i'al lund IIL's11'iLILd luiids 2,769 55,110 15,54() 11,544 27,093 Page 11
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 CompAny number: 3270753 Charli umber 1063528 Th¢ Crdsmus Darivin Foundolion is a privale Lumpany limiied by guurane incorpornied in Engler and Wplls. The regisiered ollice is Darnvin FIousL. Beacon Sireei, Li¢hfi¢ld. Sthffordshire, WS13 7AD.' For the financiAI ycar ended 31 October 2024 ihe company w45 ¢niiiled exempilon from audii under secilon 477 olih¢ Comppnles A¢1 2006 r¢lailn8 10 sm411 compani No members have requiTed ihe company to obioin an audlt ofiis tlnancial sth(emenls for theyellr in questlon in ac¢ordon¢¢ wilh s¢¢tion 476 ofihe ComrAni¢s Act 2006. The direciors acknowled8¢ Iheir responsibililies for complylng iviih Ihe requirements of the Companies A¢i 2006 wilh respeci io ac¢ouniln8 records and ihe preparailon orrin4nciil siakmen These financlal slaiemenis have been prcpurcd In occordance wilh ihe provlslonj appll¢uble to compunles which ar¢ subjecl lo lh¢ small compJnies' regime. I'he linoncial Mulemen15 II'er¢ approvL.d und uuihorized lor i8suL h}. Ihe Board on 6 Jun¢ 2025. The noi¢s on po8cs 15 10 26 lorn) pan ol'ih¢sLh linancial Slulein¢nis. Dr N A Cmbrld8¢ Trusiee )agL 12
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charit number 1063528 STATEMENT OF MOVEMENTS ON RESERVES Year ended 31 October 2024 2014 Uiir¢'slriLtL l. uiids 2024 ReslriLlid 2023 2023 Rcslricted Fuiids Uni'e51I'icled Fund. NolL Ai l Novernhei. 2023, as previously siaiL'd 64,279 11,544 82,359 25.728 Ile-inslatemenl of Loan Irom Lichlield Cathedral previously wrillen off 17 {48,730) (48,710) Reserves re-StAted l.S,549 11,544 33.629 25.728 IDLlicil)Isurplu5 year ended 31 O¢lobLr 2024 {12,780) 43.566 (18,080) (14,184) Al 31 October 2024 2,769 Page 13
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Chari number 1063528 STATEMENT or CASH FLOW Year ended 31 October 2024 Notes 21124 2023 C&8h inllowllouillow) Irom operuiing activities 13 Capiliil expendilurL 10 30,194 119.714) (3,487) Nei cash Ilow Irom operating a¢iivilies 30,194 (23,201) Cush Ilow Irom invesiing acliviliLS I iil¢i'L81 IL'LC'iVLd 983 7119 Nel Lusl) Ilow Iroiii investing uclivilies )83 709 Nel increasel(decrease) in cash und Lash L'quivalents 31,177 (22,4921 Cash and cash equivalents broughi fonvard 70,577 93,069 Cu%h aiid cush Lquivalent5 cari'ied l(Ii'ward 101,754 70,577 Cash and cash ¥quivalenls Consist ol.: Cash ai bank and in hand 101,754 70,577 Cash and cash equivalent5 al 31 Oetober 2024 101,754 70,577 Page 14
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Ch#rit number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. Aceounting policies The accounling policies are summarised below. The accounting policies have been applieij consisienily Ihmughoul Ihe year and in the pK'ceding years. l. l Basis ofaeeounting The F.rnsmu.% Damin foundation is a charilablL' compai)y lim ilcd by LYLlal'(IntLC, regislcrL'd in Lngland llnd WalL%. I li Ihc Lv¢nl i)I' IhL Charily bL'iii&Tr ivounil up.. IhL li¢il)ilily in I'LSPL'¥I ol'iliL gu(Ii'ulliLL is resii'i¢lLd lo £ I pii. mLiiibL'I'. 'I'hu Lhill'ilj, 15 a puhliL bei)¢lil Lnlily us delined hy l.'IIS102. '1'lIL linanci&l .4llliL'nicnts havc l)Ll'll Pl'Lpai'Ld ii) IiL¢I)I'dJiiLL' Ivill) ALcouiiling and IILp()11ing by Chai'iliLS.' SialLI?)Ll)l (Il. Il¢'L()i))IllLndLd I'i-aLIILL appliLablL Io Lhill'lliLS pfLpai'in&Tr Il)iir uc¢ouiil8 ii) aLLUI'daiic¥ ivith IhL. l.'inaiiLiuI IiLporiiiig Siai)dard IpplicablL' in lh¢ IJK ai)d IILpublic ol. IrL'laiid11.-RS 1021, Ihu Charili¢s A¢1 2011, IhL Companies Acl 2006 and UK genvrnlly ac¢cpled uccounling praclic¢ applicablc from l January 2015. The financiul Sl4lemenls are prcpar¢d on a going concern basi5 under the Iiislorical cosi convenlion. 'l-l)e linuncial SlalLmenls are presL'nicd in sILrling which is ihc lunctional currenly ol. IhL Charily and round¢d lo the nearLsi pound. In prL'purii)g Ihe accounis, lh¢ TNsiees have considered whether in applying the accounting policics requii'Ld by ]-. IIS102 and the ChariliL's soiip fRS 102 u resiulemenl of comparoiivL ilen)s was i)Leded. No rL'sI(IILmLnis WLre required. Uiir¢slriLILd lunds arL availublc lor Ltsc al ihe dis¢iL'tion ol'iliL TrusiLes in lurthLI'ance ol. Ihu gLnerul ()l)jLLliv¥.% i)I' IhL ¥hai'ily. IIL%lriLtid lunds drL' .%ubjLcI lo rLslriLli(Ins on ih¢ii' LXPLndiluiL' imp()SL'd by IhL dunor. 1.2 Incoming resources All incom ing resource.s arL included in the slalemcnt or rinancial activities when the chariiy is enliiled lo Il)e inLomL and Il)e aixoui)I can be quanlilied with reasonable accuracy. The lollowing specific policies are applied lo particular cutegor1 ot income: Voluntary income is CeIVed by ivay ofgranls, donalioi)s and gift5 and is included in full ii) the Slalemenl ol. Iinuncial aciivilies when receivable. Grant.5 i¥hei'e LntiilLment is not ¢ondilional on the delivery of4 spe¥ilic perlomiance by the charity are r¢Lognised when the Cliarily becon)es uncondilioiially enliilLd lo the grant. Doii<ilL.d 5L'rvices lacil i(ies are included al Ihe value lo the charity ii,liei'e this Can b¢ quanlili¥d. -I'h¢ vdluL i)I' SLrvice5 by volunlLers ha5 noi b¢Ln inLluded iii these accaui)l.5. l)iige 15
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMEINT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Chari number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS InvL51niLni in¢(Inie 15 inLludid ivhLn I'eceivJble. IIiLUllllI)g I'L'50UIL'L5 Irom ¢harilablL Ii'ading aciivily al'e ucLounied l()r wheii earned. Incoming resoui'ces Irom granls, where relaied to perlormance and specific deliverables, are accounied lor as Ihe charily earn5 Ihe right to Consideration by ils perfom)ance. 1.3 Resources expended Expenditure is recognis¢d on an accrual basis as a liabilily is incurred. Cosls ol'generutii)g lund5 comprise Ihe Costs associated wilh aiirucling voluntary income and ihe costs of trading lor fundr4i5ing purposes including the ¢harily's Sale ol. goods. Chai'iliihlL L'ipcndiiurL' L()Inpi'isLs those cosls incurrL'd hy IhL cliai'ily iii IhL dclivery ol. ils aeiiviliL.s und %L'rviLL% l()I' 11.% hiiiLI ILl¢ll'lLS. II iliLludLs bi)Ili ¢i).s1.% 11)ill Lan bl ¢illoLaiLd direcily l(} such ilLIiviiiL4 (Ind Il)().sL ¥()%li ()I' ali iiidii'iLI i)alui'L IILLLSSUI), lo %upp()I'l IhLII7. Mui)ag)¥lllLI)1411id Adiiiii)i%trali(11) Ll)sls inLliidc ili()5l L()51s il.ssoLiaicd ii'iil) meLling Ihc LOI151ilulioi)Dl und lalut(Ily I'L4UII'LI))ty1i1s ol. thi Lharily and inLludL Ihc LOSIS linkLd lo IhL'.%lriilLgiL managem¢nl ol. Ihc Lharity. AII Costs arc allocaicd between the ¥xpcndiiure categories ol. the Sialcmcni ol. financial Aciivilies on a basis dLsignLd Ii) relleci Ihe u. ol. IhL I'e50urc¢, Cosi.s rL.laling lo a parlicular uclivily arc allocaied direcily, oilicrs ure upportioned on on appropriali basis eg floor area8, PLf Lupila, e.s(inialed usag¢ SL'I oul in iiole 1.4 Tanglble llxed Assets and Ilei)reclAtion Tangible fixed gssets are slaied al c051 less deprcciation. Depreciation is provided al rales calculalLd to wrilL l)I'l' Ihc c051 less estimuiLd r¢%idual vuluL ofLULh a.sscl nver ils LNPL¢ILd u%¥ful lile, as lulloivs: l. ui'nilurL cind L'ihibils IXIUIL.. lilling7s & L'LiiiipmLnl l O % sli'aiglil linL' I n- 2501• %li'aiLJhi lil) Assets nc)I mLasurLd al lair valui ai'L reviei%'Ld lor uny iiidiLalion (l)a( Ilie tL55L'I may be iinpaii'¢d. 11- aPPl'QPl'lUle Ihc rc¢ovLrahle aii)ounl ol'ihe assei is estiinalLd aiid coi)Ipared lo Ihc carryiiig amounl. Wl)¢re IhL carrying amounl exce¢d5 lis recovei'able ainounl, an inipairmeni Ios5 is recognised in Ihe SOFA unless the assel is carried al a revalued amount where Ihe impaim)enl loss is a revalualion decrease. .5 Stock Stock is valued al the lower of cost and net realisable value. PagL 16
THE ERASIVIUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER2024 Coinpany number: 3270753 Charit nuniber 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS 1.6 RecelvAbles PAyables wiihln one year Debiors and creditor5 wilh no siai¢d inicresl raie and receivable or payable within one year are recorded al Iransaciion price. Any losses arising from impairment are recognised in expenditure. 1.7 Provislons )I'()visi()iis are I'LLogiiiisLd ivhiii tlie cliarily clll ()blig?alioii IhL halance shLLi d¢ilL' I'CSLIII (Il'a pa.sl CVLnl, li 15 pi'i)bahlL (hal ¢in uuilloiv i)I'LLI)li()niiL henel Ils ivill hL I'LLIUII'Ld ii) 5¥111LinLnl and Ilie aiii()unt Lan h¢ I'Lliahly esiimaled. 1.8 Emi)loyee beneflts The Charity oper4les a dcfined conlribulion pLnsion schcme for Ihe bci)clil ol. all LiiiployLcs. The as5els of. Ihe SLheme are hL'ld scparalely froii) Ilio.8L ol. the Ll)ai'ily in an indcpendunily adminisi¢red scheme. Contributions payable lo the scheme are charged to Ihe SOFA in Ihe period lo which Ihey rLlai¢. .9 LeRse$ IILlllals payablL under operaiing leases al'e charged lo the sofA on a slraigl)I line hasis ov¢i' the period ol. Il)L ILII%L. 'I'hL' Lhurily is L(InsidL'red In havL pJ.ssed ihL' lesis SLI oul in ljaragraph I Schedule 61.-inancL ALI 201 O und Il)¢rLI(>r¥ mLLls IhL d¢linilivn ol. a charithblL company lor UK corpoi'alion lax puiposes. l Going concern The financiiil slntemcnt8 have been preparcd un a going concern basis as Ihe trustees bel ieve Ihal i)0 material unLcriainlies cxisl. I'lic Iruslcc5 have consid¢red ilie level of fiinds held and Ihe expccted level of incomc and ¢xpenditurL' for 12 monil)s froin the auihorizalion of Ihese lin¢incial si(¢MLt5. 'fhe Iruslces Consider Ihai thcre is a reasonable expectation Ihai Ihc Cliariiy has adequale resource5 to coiitinuc in operalioiial CXiSl¢nce lor the foresLeable future. l-he Charily therefore continue5 lo operate (he going concerii basis in preparing 115 Iinancial %lalLmenls. 1.12 Judgeiiients and key 50urees of estimthtion iincertAlnty I'l)L'i'e h (IVL. bLL'lI n(Tr.judgeineiiis (Iipai'l Ironi ili()SL' involvii)g e51ii)IiilLS) Inade iii Ihe process or applyingTr ihL' abuve UCLQUI)ting poli¢iL5 Ihu( have had a sigi)iti¢anl effecl oli amounis rLcoL>nizeil in thc linancial staleiiien(s. There are no key assumptions concerning the future and other key sources of estimation un¢crlainty at Ihe reporting dale Ihat liave a sigiiificant risk of causing a material adjustmenl Page 17
THE ERASIWUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Con)pany number: 3270753 chai.it number 1063528 l(} IhL Lrfirry ing iimounls of assets aiid li¢ibililies wiihin ihe iiexi financial year. 1.13 Museuni exhibits The Charity's exhibits arise from two main sources: those acquired Irom Ihe Dcan & Chapter, and the Surgery and Invention Room exhibits acquired wiih Ihe help of grdnls. The exhibits are considered by the Twslees lo be fair recognition of the work of Erasmus Darwin, and it is the Museum's gLn¢'ral policy noi lo add lo or dispose of exhibi15, unl¢s5 to do so had (he ellecl ofenhancing IIIL, iiilegji'jlill {)l-IhL C()IILLlion. l.or Iliis rL&s()n Iliere l)ave bLLn no additions or disp05als sincL 2015. Cc)IIL¢lii)iis munug¢niLI)I 'I'IIL Irusl¢LS' PI'llll(Ily ()bjeLliv¢ is 10 %alibuai'd and develop Il)e exhihils so thai ihLy can bc made as iILLis8iblL 114 P(15%ihlL. -I'liis i)hjLclivL 1.5 dLI iv¢'i'L'd ilii'()ugh pr(Ig?runiinLS ol'displays, eveni8, publiLalions, WLh%ilL%, li¥ldivc)rk, I'LSLur¥h. du¢uii)LniJlion and coll¢¢li()n5 cufL'. ()bjucls Ironi IhL ¢olleLliun cali bc eiiliLI' displayed in the InusL'um and on our web8ilL', or madc availahle via Io(Ins 10 third P4irliLS. Storage and Care 'l-hc collL'clion 18 displayed and stod according lo recognised iniernalional st4ndards for Ihe prevention of n)ai¢rial dLlcri()ralion. Library and archivL storage fucilili¢s and exhibiiions llr¢ based upon and informed by Ihe Irquiremen15 or 11% 5454 and 'l"h¢ NAtionul ArchivLs Siandard lor RLcord Ilcposilories. l)()LumLI)talion l..Il)ihii% arL' di?LillllLnied in acLf)I'dJiiLL Iviih Arts Ci)unLiI I ngland rL4UII'LIIILnis and %l)l-,C'l'RIJM. 'I'IIL M(1SLuin h&5 SLLUI'¢ lille lo all nhjLLls in Ihe exhibils ¢ollLLtion, liold5 basic dala on evLry objeLI so Ihal il Lan bL IIIIILIULIY idLiili IILd and IhL LoIILclion audilLd rl'gularly, and ensufLS records I'elaling lo obje¢15 in IIIL LoIILIIioii JI'L LiII)iinLed and made uv#il(Ible lo audiei)Les i%'hL're appropriuie. InLIu5ion ol'ihL exhibi15 in the Balance Sheel 'rhe collection5 are included in th¢ balance sheei al original cost less deprerialion. No aitempl h&8 been made to re-slate the exhibiiions al valuation as il is considered thal this would be a lime-¢onsuming and subjective exercise wilh little commercial advantage. Page 18
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number.. 3270753 Chari number 1063528 NOTES FORMING PARTOF THE FINANCIAL STATEMENTS. 2024 2024 2024 2023 UnrL'51riLILd Fuiids IILSlriclLd Toial Toial 2 Income from Donatlon¥ 4nd legaeies Grants Local Auiliorilies Donulions 2,174 1,000 26,J97 2,174 1,000 77,522 80,696 12,617 1,500 -30,117 44,2J4 51,125 Inconie froni Clinritable Actlvilies Iliii)k% b)LiidL% und %i)UVLIIII'% Lui)Ii'(ILi l¢'llinLJs aiid iVLildings ()IhLr inLoii)e Cvenis and calering 25,()(}11 (),1124 8,167 685 7,722 48,288 25,C)l)O 6,024 8,167 685 7,722 48,288 21,992 4,0()0 1,20() 480 9.46J 47,204 I ijvestment iiieome IniLI'c51 rL'L¢ivuble RLI)I rLLL'ivLd 983 4,375 SJ58 983 4,375 5J58 709 709 Page 19
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charit number 1063S28 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. TolAI resources exi)eiide(I 2024 202.1 Unresli'icled unds IIL%lI-iclLd lunds Tolul Cosis ol. GLn¢raling Voluntary Income Salarics 11.887 11.887 12.366 DirL'cl Charilable ExpLndilurL Dii'eci ¢osls ol'sale Ilepairy and mainlenancc 5,857 5,228 796 2,556 4,840 8,413 10,068 796 8,879 15,C)62 7(17 1,.34.1 13,061 20,620 rundruising L(1515 Adverii5ing 120 120 308 Page 20
THE ERASIIIUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company nuniber: 3270753 Cliarit nuinbei" 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. TotNI resources expended 2024 Untricted 2023 Il¢slricied funds Total Toial Management and Adminislraiion Siilai'iLS 23,775 507 23,775 507 )ri)jLLI M¢inag¢'iiiLIII 20.461 397 C),365 25,850 713 13,361 5,491 Iliilcs -lea1, lighi 4111d water l>vslag¢ Sialionery und I'r 'relepl)onL Buiik cliarges Subscriptions Insurdnce Prolessional fees 27.501 417 7,988 2,132 1.903 329 1,786 4,591 27,501 417 7,988 2,132 1,903 329 1.786 4,591 312 215 4,154 5,716 85.146 70,929 70,929 7 Council of MAllAEenient NI)IlL ()[' IhL Couiilil ol. MunugLniLIii loi. ui)y pLr%()ns LonnLLlcd with Ih¢m I rLLLived uny reinLlli¢I'alion dui'ing (FIL pLriod. l)age 21
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 nuiiiber 1063.528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. 8 Staff eosts and numbers Nuniher of cmployees Th¢ aver¢ige monthly number of employees during the period w. 2024 Number 2023 Number Managemcnl Adi)iini.8lralioi) aiid suppni'l AnRlysis of net Assets between funds Unreslricled Reslricied 'roial '] anLyible Iixcd assels Cui'rLnl &5sels Current liabiliii¢s Ncl a5SLlS al 31 October 2024 984 53,127 (51,342) 2,769 163 55,491 1544) 55.110 1,147 108,618 {51,1186) S7079 Page 22
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Charil number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. 10 Tmiigible fixed Assets Fixtures, tilling5 & equipment 2024 Cost Ai l Nuvciiiber 2023 At 31 October 2024 228,248 228,248 DeprL¢ialion Al l Nciv¢ni bLI' 2023 ChJi'L?L l(Ii' IIIL, PVI'I()d Ai J l ()Lli)her 2024 225,758 1,343 227,101 Nel book valuL AI J I OLlober 2024 1,147 Ai 31 October 2023 2,490 I l Debtors 2024 2023 TradeW)Ii)rs QIliLI' dLhii?r. 3,080 2,()34 .$,714 1.165 2.5112 3,C167 PagL 23
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Coinpany nuniber: 3270753 Charit number 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. Note 2024 2023 12 Creditors: amounts falling due withln one yeAr OIliLI' Lll'diloi's L,oaii Ii'()m l.ILlilield Cailiedral pi'trviously ivrilleii olT 3,156 48,730 .$1,886 2.81)1 411,7.30 51,-S91 13 Reconclllation of net Ineome to net cash flow from operatlng actlvltles 2024 2023 Nel surplu5 Inici'Ls1 rL'ccived DLprcciaiion and impairmeni of langible fixed assets IDecreuse in slock) I In¢iL'U.%L'YdLcfLiJ5L in debtors InLI'LUSL ill Ll'Ldil()1'5 NL41 Lus111(ILill/iii Ili)Iv Ii'om i)PLI'aling a¢liviliLs 30.786 (983) 1.343 800 (2,047) 21)5 30,194 (32,264) 17091 1.343 9,529 2,-IX7 {19,714) 14 Rel#¢e(I i)Arties There al'e no I'elated party Iransaclions. Page 24
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Comi)any number: 3270753 Cliarit 1063528 NOTES FORMING PART OF THE FINANCIAL STATEMENTS. 15 Aunlysis of niovem¢nls in restrieted funds Balance 1.11.2023 Incom¢ Kxpenditure Balanee 31.10.2024 Young Rooi81)roject SurgLry relurbishiiieni Art l)rojecl AILIi¥vsly rL'pair (Jai'd¥17 und ii) IL'P41y l.iLI)I iild L'aillLral %iaii'La%L I'Llui'bi.shii)¥nl FduLdlll)11 Curilii)I'ial eyuipin¢nl 1.695 325 479 4,500 ,1141) {1,695) {163) (4791 14,500) 1613) 162 C)25 511.1100 ,OC) I 511.niio ,C)91) I,xoo 391 5.S,110 1,691) 1.800 500 1109) 17,-$59) 11,544 Bnlnnce Income Expendlture BAIMiice .11.2022 31.10.2023 Young Ilools Project SurgLry refurbishment Ai1 1)r(Ij¥LI r¥liivdy I'Lpair (141riiL'II 9,439 4118 479 5,150 (12.894) (163) 1,695 325 479 4.5all ,114() 4..$00 1,553 4,70U 3,350 5,719 25,728 {2,on41 1.I,11041 {1,5501 16,61)01 (26,305) l.-duLiiliuii I,N(M) 971 12.121 1,.fj44 16 Lease Operating l¢ase- lessee 'rotal m inimum lea5¢ payments under nort - can¢ellable opernting lea5¢5 are as follows.. 2024 Wiiliiii oiiL )'Ldl' 9,n76 l)ag¢ 25
THE ERASMUS DARWIN FOUNDATION COUNCIL OF MANAGEMENT'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 Company number: 3270753 Cliarit number 1063528 17 Loan froni Lichfield Catheilral 'I'hc fouiidalioii liad pi'eviuusly agi'LLd 14 ith Liclilield C(Iihedral that aiiy sum could be paid loivai'ds Ihe rL'payiii¢iil ()I'J loan o1-£48,730 Iri)In the CaihLdi'al il-ever sui'plus Iliiids ivei'e (o bccc)i))¥ available to the Found<liiOli. ThL. li)an was ivi'illLI) haLk io GeiiLral l--ui)ds iii 20U7 ai)d dL'5crib¢.d in il)L' accounts a5 a Coiiiiiigjeni l.iabi lily, bul ha5 now been recognised a.5 a liabilil), iii IhL b(IlanLc sheet al 31 ()clober 2024. Donaiions 5ullicieni lo repay ihc loan werL' made lo the Foundation during Ihe year ended 31 Oclob¢r 2024 and the loan was repaid in lull in February 2025. l)age 21)