Charty regl¥tration number1085853 Company reglstratlon number 04178505 (England and Wales) THE ROALD DAHL MUSEUM AND STORY CENTRE (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ROALD DAHL MUSEUM AND STORY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Isobel Hunter. Paul Griffiths. Anna Vaughan Anna Tomlinson Anna Cohn Orch Michael Murray-Fenn811 Lynda Heavey. Svshma Jansari Anna Renton Chriscilla Phllogene Louise Doughty Sarah Realmuio. Anlhony Newton Tom MacAndrew' (Chai (Chair of Finarte Committee, Vke Chalr until 27 January 20251 (Char of Govem84Ke Commlttee, Vice Chair from 6 February 20251 (Reswned on 8 November 2024 } (Chair ol Capital Project Commlttee from 27 November 2024) {chr ol Finance Project Committee from 6 February 20251 {Resigned lo join Roald Dahl Centre ITradlngl Llmlted Board as urKonflKted m8mb8r 8 Novemb8r 20251 'Dènoles Ihat a Trustse is also a director ol the ChS wholly owned subsklbary, The Roald Dahl Centre ITr&llngl Llmlted, Wesley Sallon and Tom McAndrew, from 8 Novembef 2025 as directors of Rotjd DaN Centre ITradingl Ltd.. attended Museum Board meelngs, contributed to discussions but had no voting rh1$. Chlrlty number 1085853 Company number 04178505 Reglst•red ¢)fflc• 81-83 High Street Great Missenden 8uck1nghshIre HP16 OAL Museum manag•mtnt t•am Museum DiTeclor, Steve Gt4dam Head of Collections, Wiliam Phillips Head of Learning, Natalie Wallxe Head of Flnance, NKola H•JgS Head ol Visitor Experience, Rebecca {Bekkil Short Ilfom 30 September 2024) Head of Markeling & Design, Kifflberfey Osbornè-spindlow Head of Govemance & Projects, Emma Bedlow Audltor SCB (Accounlanll Ltd Chartered Accounlanls 31 SaCkvil Street Manchester M13LZ Bankers Lloyd5 Bank 27-31 White Hart Street High Wycombe Buckinghamshire HPII 2HL
THE ROALD DAHL MUSEUM AND STORY CENTRE CONTENTS Pag• Trvslees. report Independent auditorfs rèport 10-12 Statement of Consolidaled financia actmties 13 Consolidaled Balance Sheel 14-15 Charity Balance sheet 15 Statement of Consolldated cash flows 18 Notes io the fincial statements 19-32
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present Ihelr annual report logether with the audited finanaal statements of Ihe Chafity for Ihe year 1 April 2024 to 31 March 2025. The Annual Report seNes the puOseS ol both a Truslees. report and a dire¢lors' report under company law. The Trustses confirm that the Annual Report and financial slalemenls ol the charilable company compty with the curTenl statutory requirements, Ihe requiremenls ol thè charitable companies goveming document the provisions ol the Slalemenl ol Recommended Pracbce ISORPI applicable to charities preparing their accounts in acrdanCe with the Financial Reporting Standard applicable in the UK and Republlt of Ireland IFRS1021 effective 1 January 2019. 1. Objectlvei ind actlvltl•$ . Object8 of the charlty The objects ol the Roald Dahl Museum and Skny Cèntre charity are 'lo further the u¢•I10n of the publ1¢ In th• art of Ilterature and creallvlly by th• provl$lon and malntenan¢• of a mu8eum and Ilteralur• centie ba¥•d on th• work$ ol Roald Dahl,. To achleve thls. the charity has powers that include Ibul are not limited tol the lollowing: Organlsè, preserve and provide suitable accomnmxlation lor the literary archives of Roald Dahl and related items and matsiials: To buy, lake on lease, share. hire or otherwise aquire propety ol any sort,. To construct, aller, provtde, manage, maintn. fuini8h and fil with au Ihe necessary lumiture aThJ other eqvlpm8nl any buildlngs and any olher premises or struciures or land. The Museum galleries reveal vnexpecled delalls from Ihe lrfe of a worf&renowned writer whlch inlluenced the creation of thelr famous wotks, we help our visitors explore a compelling example of the creatNe process. The hèart ol Ihe Museum Is Ihe Presefftd Inlerfor ol Roald Dahfs Writing Hul, fvll of ujrlos and clues lo how Dahl found hls insplralSon and lumed this Into beslselling books. This Is complemenled by displays leaivring pieces from the Roald Dahl Archive, a fasclnaling record of how beloved works ol popular literature were ctafted 0r time. Throughoul its publi¢ spxes. Ihe Museum prowdes numerous inleracllve displays that encourage visitors to dieam up new characlers, m&48 an animated movie, match drawings to description, and mole besides, Although our currenl galleTies have served very well ahnost dec&Ses in delivering our charitable purpose, as a visllor venue, the accessibility and quality ol wsilor experien¢e- already high - needs lo rise further, and Ihls demands capital inveslmeTrl. We know Ihal our appfoach needs lo evofve, to centre even mNe fimity on the experience ol our visitors and their own cfealmty, lor whlch Dahl s Cfeaiivè craft 1$ a gulde. We have been working on capital plans in eamesl sincè 2022, bul in 2024-25 we recognised a need lo reaW and re4et within a Ilghler fiThancial frame, allhovgh no less ambilion for the Imp of Ihe trslonatiOn to comè. 2024-25 was lherefo a period ol consolidaiion In tapilal planning, and this 15 further detailed below. b. Purpo1• and Strit•gl¢ Almi Slnce 2016 we havè used Ihe following slalemenl of putpose. as an everyd wile01atk*n of our charitsble objects that supports the development ol strategic goals. Ovr purpose Is thal.. Everyone who experlen¢es the Roald Dahl Mulèum and Story Centre underntinds how th• work of Roald Dahl can be a key to unlock the storle5 we all have Snslde. Since 2016, we have taken this concepl of'unlocking sloiies,. unpackin9 Roald Dahl's creative process as an enabling example- and used il lo completely overhaul our sch¢)ol provision, earning a sd10rd Award for heritage education in 2018 and again in 2023. Our vision is sirnply.. Everyone is a Slorymaker. We believe making stories maes vs more human, and the enabling example of Roald Dahl's creative craft can hélp more people better undefstanij how lo make and shape sloTies of lh[ own.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 As part ol a new Fotward Plan lor 2023-28, we rewewed and agreed these strateglc alms and obieclNes in October 2022 whi151 they are becoming due for review, they remain broadty Cur1 in 2025 and can be seen reflected In the report ol aclivrty and performallce in 2024-25: Alm 1: Show how the ¢reatlvlty of Roald Dahl can be a k•y to unloek t stor1•$ wt all hav• Insld• Design¥ig and dekvering maior capital regeneration of the Museum sile lo sh¢)wcase Dahl's crealNe process and the crealNity ol our audiences. b. Designing and improving our Museum site with playlul, KIal. and Idusive experiences that seek lo do the most, lor the most. Using the Museum's cdlecbon and location to show through all our work h¢)w creatlity can be an everyday practice that also supp)rts wellbeing Notice, Conne¢l. Be Aclive, Kee Leamin Designing and delivering soci, pltyful. inlergenetalional experiences in our publ offer actiwty al the Museum, Ihal seek lo do the mosl, for lh8 most people. b. Designing and d81rrfering tsgeted palladabon projects for schools in areas of limited cuKural opportunty that Include the wider s¢101 community (local area and students, lamlliesl Understanding and L%kling ihe barriers lo belng a more WIDE Museum {wekoming. inclusive, dNerse, equttablel by working with experts who reflect protected characteristics in OUT avdieTr. Building our own Tepulation as a WIDE Museum through cuttrvating partnerships and sharing our own slory within and beyond our sector. Usln ital to reach more le wilhln and be d Ihe Museum sile. Oeveloplng a robust publtc position acknoWdging and construclrvety responding lo Roatd Dahl's antisemitism. b. Ensuring that we have reduced our contribution to climate change and mitigated the environmenlal risks IIng oui Museum lflood, energy usel. Supporting the personal wellbeing of our siaff alongside their ongoing professional development. d. plnIng and investing for Ihe bng lefm, making the mosl of Ihe rtuni from Fantss( Peach FOUndaon lundin Alm 2: Splrk ih4r•d story maklng to t••ch a vAd•r fange of audlonc•s Alm 3: In¢rea8e our own r•$lllen¢o and $ustalnablllty to better $eNe our publlc c. Publlc Ben•fll $tatem¢nt The Museum Trustees have had regard to the Charly CfxnTrission'$ guidance on publK benefit. 2. Stru¢tUTe, govern•nt•, Ind minagement Con8tltutlon The Roald Dahl Museum and Story Cenlre is a company lirriled by guarantee and not hNIg a share capltal.. COmpY numbei 4178505,11 Is also a Tegislered charity govemed by its menlandm and Articles of Association.. Gharity number 1085853. The Trustees are the di(eclors and members ol the charity. The charity has a trading company. Roakl Dahl Centre ITiadingl Limiled I'Trading'l, lo deal with the non-primary purpose trading activities. Trading is a wholty ¢)wned subsidiw, and the altached finanaal statements consolidate the results ol the subsidiary. b. Organl$•tlonal struclure and declslon maklng During the year April 2024 to Mar¢h 2025 there were five ordinary Board meetings. These meetings are the principal way in which the Trustees govern the work ol thé charity. There was also an 'awayday' held in Oxlord in April 2024 which started a deep review of the capital projecl, bringing seveial new Iruslees up lo speed with past decisions and ¢onsKlerations. Throughoul 2024-25 meetings of the maln Museum Charity Board incorporated Ro Dthl Centre (TradirvJ) Ltd siness. TheAnnual General Meeting look place in November. Theie were severa meetlngs ol e&h Bod sub4ommittee durirwj Ihe yew - FlnaKe Commiilee, Govwnance Commiiteè, Fundraising Advisory Committee and the Capital Proiect Committee- tyPaty held Onli for Ihe convenience of Convnittee members.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Typicalty, a delailed Management report on Ihe period following Ihe previous Board meeting Is submitted in advance to the Board prtor lo a main meeting, supporbng an agenda agreed by the Chair. Committee Chairs report lo the Board on the meelings ol their committee which have preceded the Board meeting. Alongside the main ieF)rt, the Director and senior slall present stralegy and policy documenls at Board rneeling5, which are discussed by the Board recommenilalions from slaff either xcepled or Tevised as agieed, allowing staff lo lake delegaled action. W necessary, papers may be circulaled on issue beeen Board meetings, to inlom) the Board or request a Board decision which may be needed before the nexl scheduled meeting. The day-trpday runnlng of the Museum is managed by Ihe seUM Dkector and the slaff. The pay for the Mvseum's stall Ss determined u51ng market inditaiors and reviewed when recruiling new members lo the team. to ensure il is comparable lo similar organisalioThs in the seclor and In line with people al the sne level In the organisalh)n. The14luseum does not operate a Perfnance Related Pay system. annual Gosl ol Uvlng Increase is determlned by the Finance Commiitee belore being approved by Ihe wlder Tnjslee l)oard during the annual budgellng process rf appliGabl8, typlcaly paid to stsff In Awil. A5% award was pald In Aprfl 2024. 3. Appolntment ol and 8UPPOrt for Board m•mbern Four new Truslees lolned the Board followSng the October 2023 Board meeting, and a lurther three ined after the February 2024 Board meeting, lo stagger the intake. All look part in an inrflepth induction day on 31 January 2024,. Ihis was acknowledged as v8ry welcome and thorough by several comments in the annual Board member review whi¢h look place in March 2024. Currently, every Board member is now also a rnernber ol one of the Board's 5vb-commlttees. This undeniabty increases thè demands on volunteer Board members, lirng, bul11 has also demonstrably incieased their engagement with and understanding ol the issues lacing the charity. 4. Rol•t¢d Partl•i The charity has taken advantage ol the exemption In FRS102 Irom discloslng trSac1Th$ w6th its subsldlary as consolidated financlal statements are prgpared. 5. Rllk minag•m•nt The Tiuslees hm tsken care lo address the mdn fin1, operational and heaih safèty risks facing the charlty. OpeTalonal risk assessments are created IOT new activity and maintsined and annualty rewewed for existing aclivity. This approach is arbculated In a W(ten Risk Managemenl poli whlch Is rèvlewed annudty as pat ol thè mllng mi8w of al Museum policies by the Board of Trustees. In December 2021 an extwnal Health & Safety audit by the Bishop Sinon consuttancy found that the Museum was a low risk and broadly compllanl operational environment. Bishop Slmon's report noled: 'The mosl impressive Ilndings are.. l) Ihe Iraining malrix Idenlifies Ihg requirements for staff 818V8ry level of the 0ryanisallI, plus thè Ireining log cm818d for each member ol s18ff,' and 2) Ihe exislence of risk ass8ssm8nls for adNilies and higher risk woth 8reas (relaliv8 10 olher inlernal aclmlies). RDMSC is dèscribed as a low-1 organalk)n. relalive lo organisab'ons Ihal belong lo high-hazard Induslries, for 8xample, 8gncutture and Cl$lluc0n.' Slraleglc rlsks i.e. non.opeTalronal risks are those whh are consijered endurfng.. risk SCOTes May be assessed as hlgher or lower al any given moment, bul the risk remains due lo the nature of Museum ¢haTity and stays on the register as a reminder lo a¢lwety maintain Board oversight of mitigations. Therefore, high scores lor slrate9ic risks do rt neces5arity indicate a 'lNie' Cflsls. Slralegic risk score recomrnendalions by Managernent arè wamings to take tion to a¥old a potential crists. The Stralegic Risk Reglstei is updated by Management and reviewed by Trustees al all general Board meebngs as a sla)ding agenda ilem. The current formal of strategic risk register uses the Association of Independenl Museums 'Hallmarks' to Categorise strategic risks. l.e. ir hieving a hallmark represents best strategic pr&tice. Ihen a strategic risk can be defined as the opposite ol Ihal practice. Enduring strategic risk areas include purpose, finance, leadeiship and ¢ulbJre. nets¥orks and awareness, visitor locus, conections care, govemance practs'ce, innovation and risk, and tackling inequality. A stralegic financial risk is expressed as 'not achieving budgeted income targe15.' A slratsgic risk adversety affecting leajership and culture is. key personnel leaving al ciitical junctuie of work,. A strategic risk in relalion to putpose is expressed swnply as: 'The Museum does not have OT make use of a cleJ 5tstement ol wrpose..
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 6. Achlev•mont$ and pèrfom)an¢t 202&25 Our main success measures are typallY Museum visitor numbers, both as genera wsilors and for our xhool programrne- the number of people we impact as a charity through their visil lo the Museum, and, also, the source of much ol our operaling Income. We seek lo book school and public workshops a5 close lo capacty as possible, and increase this capacity wheie we can, based on the evidence ol demand. To remain viable as a charitable company, we closety monilor our income and costs lo generate and analyse Ihe data from which further efficiencies may be found. In 2024-25, the curvè of recovéry from mhJ-2021 posllOVID re0niNj Ilattened. General vlsllor numbers were behind budget for the year, wllh th6 most ewdenl cause being a suN4ner of fair weather which historically has ah¥ays diiven our visitOT numbers down. Against Ihis frustrating backdrop. much good wlwk Gontinued. and the Museum strerwJthened In many areas: our wond su¢¢esslve 'Glittering Eye5, outreach project with Waterside Primary Academy was su¢cèsslvlty delivered, our Under 5 and SEND (Special Educational Needs and Dlsabililiesl programming made strides forward these growth audiences, and a new Museum mural was vnveiled al Gr&al Mlssenden slalion. And whilst visitor numbers were slubbomty low ovtside of October February haw terms, by the end of March 2025 we had eslablished an in.house calering offer al Ihe Museum to contributs to slronpr secondary spend. Investments p6rfomied better than budget. In summary, against undenlable chamanges, thère was sb'll much lo cheer. An over¥lew of 20225 In thé firsl pèriod of Ihe year, sprlng Into autumn, our new SEND sthool wogranme 1Ched, and we partnefed wlth the Natlonal Paralymplc Heritagè Trusts IraSnees on Ihe National Lottery Her11e Fund proje¢t'Digilal ExploT81ions', seeing Roald Dahl'5 Wriling Hul through the eyes of a SEND Iralnee as a space adapted to meet Dth's own ptar needs. Our Under 5s excluslve access days - 'TKchy Toddlets'_ Increased kn frequew lo In¢de an extra Monday sesslon every hair torm, In addllion to Ihe monlhty Friday& We delfvered the first family storyteliig sès8lDn al HMP The Mount, ha¥lng been wproached by the prison edUCatn staff to work with them on efforts to sirenglhen fam1 bonds for prisoners ahe&J ol release to reduce the risk of reoffendlng. This programme has continued since and the impact on prisoneis, and on Museum Slall invohd, has been profound. We again commissioned anbsemillsm awareness training from Ihe Antisemitism Policy Trust in spring 2024 as part of our ongolng efforts lo rèspond conslrudiv8ly to lh& legacy of Dahl's iacism tow¥ds Jews: Ihis trainiThJ is on a 0ear Cycle. The summer term 2024 was especialty busy lor school wsits, Induding one from a school with a child with exlreme allergies. Our team rèsponded dlligenlly lo the specrfic requests Irom the school lo creale a safe environment. and the school fed baGk afteardS Ihal they had never had such a considered and quality school visil experience which supported that student's needs so well. Durlng thls perlod, we delred the second Iterallon of our 'Gllering Eyes. ouifeach progTamme in partnershlp with Waierside Primary Academy in Chesham, and artist Rose Fealhei. The programme intent is to increase culbjral opportunty in the areas of Buckinghamshlre where this is most challenged. The Èssence ol the project Is lo encourage crealNity by helping part¢cipanls find inspiration wherever they are, by looking at their local envlronm6nl~ In Dahls wonderful phrase- l¥ith glittering eyes,. The proiecl delivery benefitted from the evalualioTr of Year1 and reiThlor¢ed the importance of leaming outside the classroom in the school's local area as a signrficanl elemenl ol benefit lor pupils and teachers allke, complementing the value placed on Ihe ¢olLiboralion with thè wolessK)nal artist and Museum eXrt staff. The 2024 summef visits season was regrettty very weak in leThns of performaKe against ldge1- dtrspile a cool sumfflér across thè UK, the sun shone in Buckinghamshire and the Soulh East IhToughoul AugusL Nonetheless, we were pleased to launch our SEND famity'Explore Your Way. days as part of the public offer for the fiisl lime. Our growing SEND work for both schools and families repiesents a conw¢lion that the Roald Dahl Museum has a clear duty to keep improving our welcome for the ihousands ol families INing with SEND. In September 2024 our free school resources exploring the United Nations Convention ol the Rights ol Ihe Chikl IUNCRC} were finalty available on oui websile, following a long and thoroughty ¢onsvlled programme of deveh)pmenl. These resources seek lo miligale the risk ol prejudiced wews developing in piimary age children by exploring Ihe claiming and chalenging of inalienable rights. explored through thè expellences of Roald Dthl child hefoes. In autumn 2024 Math Rosenblatt's new plaY'GI1, premiered al the Roya Court Theatre in Lon(h)n, sta1n9 John Lilhgow as Roald Dahl at the point of controversy in his life arising from his article featuring iacisl wews in Ihe Lilerary Review. The Museum had no involvement in Ihe play, butwe noted the nuCed and thoughfful comments about Dam's complex legacy in numeious inteNiews by the play's creaiive learn.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 During a busy October haK teim. we piloted a later night opening for our'Twits and Tricks. Iheme the day before Halloween, whlch attracted the highest visitor numbers that week. A second, reftned is planned lor 2025. During the aulumn len we began a project with our local Second school, the Misbourne, Ihanks lo fundlng from the Chlllern Rail Communty Investment Fund. A large blank wall al Great Missenden station was ripe for irnprovemenl.. Ihe opporiunity was lor students on the junior leadership councll to dèvelop their project management and planning skills, briefing, recNiling and collaborabng with Pfolessional IIIu51ialor Sofveig Eva Magnusdottir.. and for the Museum, lo achieve a highty visible presence lor all passengers passing through Great Mis5enden. The project saw a Irne1[e.W¢de mural inslalled in FebTuary 2025 on the southbound platform. Students involved reported how much they had gained from Ihis experience of prolesslonal putlK ream enhcement wo. guabty one of the most significant operath)nd thanges slnce Ihe Museum opened in 2005 look pl&e In thé wintsr of 2024-25.. flnalty eslabllshlng a viable in-house catering olfer, the Filling4lation kKisk. We lake part In the Visllor Attraction Qualjty Assurance Schèma IVAQAS} wn by Visii England, recemng an èxlerna expert review each y8ar'. In the 2024 review we receNed a score of 95% la1% improvement on 202311 and another'Besl Told Slory. accolade. One notable ar68 rfpe lor Improvement was In <T 'adequale' ¢akning offer. Al the tkne of the 2024 VAQAS review, the catering offer was outsourced to a small calering businèss tunnlng a klosk from OUT café kikhen door into the Museum's courtyard. This approach followed a p6riod of forced experim8nlation with popup catering trucks in the coutyard in 2022. which had in turn been promptèd lollowing Ihg deparlvre ol long-sérvlng in.house calé staff following the panderric. After a deternined, bul ullimalety Iruilless search for a pemianenl calé manager, and wilhoul catering experien withln Imrr Visitor Experience team al that time, we had closed the High Street calé In winter 2021. Working with 'resldenl caterers, during 2023.24 was a reasonable thoke, and thè rlIentatIon of café seIce lo Museum $s10T5 In the courtyard was vndoubledty Ihe right movè. HOWer. ovèr time the serytce proved inconsislenl. To bè lair, our ws11 numbers were not as hlgh as they needed lo be foi iunnlng Cateng as a concession. In the end, staff lumover on the Museum side Pfoved the key lo Ghange.. In Odober 2024 a new Head ol Visitor Experience joined a le whkh had fecenlty rectuited new Visitor Opera.On$ Officers,. all these new staff had food and beverage experience and the drive to lthe catering back In house for good. Flnanclal modelling Indicated il was more than probable Ihat we coukl exce8d the dest conLYssion income from tha calarer whllsl hokllng Control of quality In line with Ihe rest of our visitor experience. Hard plannlng and pieparallon look place over winter 2024-25 w01ng across Museum teams, wllh nollce gfven lo the caterer. The new In- house catering kiosk-'The Filling-slalion., a nod lo Danny Th6 Champion of the World- opened in lime for Febwary hall term in èarly 2025, In that bu51esl week of our year, we immediatety made ffore money than th6 ouisowced catèrer had taken in the same period In 2024. At the lime of writing the Filling-slallon Is fvst over slx months old. cakning irKome has perfonned propotllonatety bètter agalnsl budgel than visitor numbers and bcket income, This gNes broader optimism Ihal despite several years of eGonomK gloom, wsilors do have monéy to spend il the offèr Is rfghl. Nonetheless, we are still leaming and have room for improvement in calering offei. This will be wilhin our slmple 11aM0 of locally- sourced products- frorn lea and coffee to crisps and cakes - combined in a menu that is deliberalety light on choice lo support speed of servlce and minimise wastage. These pllnciples Can make li harder lo source menu items for specialist diets, but we are increasing confident Ihal we are on a solld and sustainable foob'ng for food and drink al the Museum. Whilst wsilor numbers remalned Iruslrabngly low overall during 2025 to dale, we are inveslir4J more in the markebn9 needed lo a1tr2LI a bigger audience, and the comparallvely strong secondary spend u) earfy 2025 gwes confidence that there L8 loom lor improvement in all visitoi income streams. 7. Worklng towards the lutur¢ The heart ol the Museum's Fojwwd Plan kn 2023 to 2028 was sel as Ihe UnkIng Sloties Project IUSP) - a comprehensNe capitsl regeneralion and expansion of our sile- intended lo support a much *r4emi progresslon in SIttir expeller and chtable impact on a loundabon of higher visitor numbers and uicreased eamed income. Following the sale of the Roald Oahl Story Company IRDSCI lo Neffiix in 2021 ihe Dahl family generously promised a onethoff mulli-million- povnd anchor donation, even as annual donations Iroffl RDSC came lo an end thiough Ihe change in ownership. The doaOn has been designated in lunds for capital development and long-lem) resilience. beyond ordinary Iree reseNes.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This remarkable gift enabled us to embath on plannkng for a transfomatNe capilal development Kheme. In Spring 2023 we also took advantage ol a one-off opporlunity to acquire adjacent sile that would allow the Museum lo expand beyond our cunI sile. Design Work ontinued during 2023 thiough to the securing of conditsonal planning pernisswjn in Febwary 2024, The achievement of an expanded and remoddled Musèum site was aayS anticipated to be conlingenl on signrfKanl additional lundraising, and Ihe Mvseum had pursued the expansion projecl option with that understanding. However, alongside design progress, inflation continued lo rise and Mu5tsum performance slru99led. Discussions with donoTS, and considering the prevailing economic climate, led to a feview by Iruslees of the wability ol an expansion scheme in 2024, whilsl xknowledging the valid ambition and rationale undef which it had been developed during 2022-23, In N0mber 2024 the Board of Twstees decided to abandon the expansi xheme to fLKus aitention on regenerating our exlslng sl16. to control lh6 overall woiecl cost and remove Ihe contingency on addilional fUndrain9. The capital proJ8¢1 revlew 'fe-t)oled' lo RIBA (Royal Insblute of British AhlIectsj design stsge 1.. a new feaslblllty Study examlnlng thè opportvnitses and cdlkd Issues ol our existg site, drawing on and going beyond Ihe lessons leamed from time spent on the expanslon project. A Ihorough sile condition sumy in January 2025 confied the areas ol highest priority for repair, and the opporiunilies lor Improvement in sile accessibility and environmental sustainability. Three oplions were developed lo RIBA1 level ol inloTmalion, and at lime of wriling, a Girca £6m scheme ha5 been taken loard io RIBA design st&ge 2. There is a long way lo go bul the capllal scheme fémalns on track and full ol renewed energy. TNsiees and slaff continue lo lo the undertylng prfnClp that our future Is not thil a capiia project per se, bul about Increaslng our Impa¢1 as a charity. Capllal regeneration Cr support this through brillil gallery deswn enhancing visiior experiènce and flnanclal viablllty, Ihfough vlsllor Income, and through the dknpment ol fundet and donor relalionshs. The lulure is never certain, bul for the Rod Dpthl Museum,11 remains full ol potential. 8. Flnlnclal R•vl•w . Summary The Museum welcomed 43,717 genwal visitots in thè 2024-25 finartlal year; In the prou$ year we welcomed 51,217 general visitOTS to the Museum, a-14V• drop. Oui anatysis indicaltrs Ihal this has been due lo I rise in the Cost ol living lor lamilies, and the dlminlshed visibility of the Museum as we have been too slow to makh our marketing spending to liflatn., this is beg ajdressed in 2025. We a150 welcomed 7,723 in.person school Msbtors Ki Ihe 2024-25 financlal year12023-24'. 7,9051 producing an income 01 £52,85212023.24'. £51,469). We continued with our Lwestream Leamlng online sch programme in the year aitr&led 872 particlpanls12020.24.' 1,2511 generating income of £2,94012023-24.' £4.3551. Total voluntary income decreased to £55,321 (2024.. £10,057,047), principalty eamed Irom Gift Aid on admisston sales. The change was because 2023-24 had included Ihe malor onerf donatKsn of £IOm from the Fanlaslic Peach Foundabon, a uniquè level ol voluntary Income lor a single year. The bulk ol this donab'on has been formally designated in funds during 2024-2S for specific inlended purposes.. the capital redevelopment project, and lor lulure 'sell-subsity to dlow tkket 'C6S to remakn competilNe; essenthd option due to the public subsldy suppressing prices across the museum sector. A consolidated deficit 01 £292,095 {2024'. surplus £9,308.699. prior lo ¢he designation of donated funds) decreased the geneTal fund. Tolal Income 01 £1,048,09712024'. £11,037,213) was recewed. Totsl expendiiure amounted lo £1,340,19212024.' £1,728,514}. The charity's wholly owned subsidiary, the Roald Dahl Centre (Trading) Limiled, operates a shop within the Museum and an online shop lo sell Roald Dahl licensed merchandise. Slnce ea 2025 we also now wn a calé kiosk called The Filling-slation. Any ol the subsidiary's taxable profits are grfted to the charity. In the 202*25 year the Trading Company maje a small PTofil of £1,83812023-24'. loss ol 424,6351. There will not be any profits lo donate for 2024-25. as these will be offset agaiist the losses brought fotward. The Trading Company Is forecast to make a ger profil in 2025-26.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Inlemet Telail sale5 amounted lo £9.09112023-24.. £4,875), a 86% tncrease. Dftg part ol the prevlous year we dld not have an online webslore due lo our interim website., a new website was established in October 2023 including an improved online store run through Shopity. 02&25 3.717 ,723 72 55,321 1,838 1.340.192 £292,095 Prevlou$ 1,217 ear 2023.24 Museum vlsltors. eneral Museum vlsllor8. $¢hools Museum vlsStor$- Ilv•$tream learnln Volunta donated) Income Tradln Com an . total outturn Total ex endlture Consolidated deflclU$ur onllne 1,251 10,057.047 £24,635 1,728,514 9,308,699 lu$ b. Re$erve8 level at end ol feported perlod ReseNes are fequlred lo fund the opeiallons of Ihe Museum Mi Ihe event of &) unforeseen bul signiftcanl drop in income. This could be due lo significant variations in donor or visiior income, or a dam4ing evenl. As a policy. the TNslees have delennined Ihal the level ol reseryes should cover Ihe operating costs ol both Ihe Museum charity and ils svbsidiary Trading Company (the 'Group'l, in Ihe ent ol up lo 50Y. below-budgel perfonnance foi income a¢ross a If necess, the tsuslees coukj repurpose deslgnaled funds as well as use general ¢ash reservès. Thanks lo the maior grfl from the Dahl family receNed In 2023, the Museum cUnIY holds SI9nffanI funds whlch were foimally deslgnaled In 202510 delivei the rnuch-needed capital fegeneralion and long-temi financial resilience essential lo our survival as an independent charlty. These designaled lunds n¢)w sll outside the generd reseNes sum held. but were included wiihin il al ihe end of 2024-25 prior lo thelr desi9nalKIn. For Ihe ¢ornlng yeaf 2025.26, Group opefailng costs are budgeted to be £1,351,379 $0 a reserve of approximately £875,690 would be requlred. The balance ol the general cash fund at Ihe end of the 2024.25 yew amounted to £10,035,608. Following fonnal designation ol £9m lo speclfic funds In 2025. thwe pAe $llll •nough g8nèra lunds to achth the dèslred resetve level. ¢. PiSnclpal fundlng iour¢•i Below Is a breakdown of kncomè by renue stream. Revenue stream Yg ol total In¢om• 2025 2024 36% 15% dmlsslon ,worksho radin Com an onalions and rants Inveslmenl income und income s ld educaiwJnal income 2% 91% 3% 44% The lolal Gfoup funds at the end of the 2024-25 fancial year were neaty £14 million ol whKh £13,856,988 represented the general fund available to the Group Iprlor lo £9m being formal designated for the capital project and long-lemi resilieTrce al the siart 012025-261, However, ol this lolal, £4,265,476 iepresenls the fixed assets of Ihe Group including Ihe value ol our sile, and the Hetilage assets i.e. our collection. These figures Include the results ofthe trading subsidiary. The Roald DaN Centre (Trading) LNThted.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 d. Investment powe The Trustees have the p¢)wer lo make any investment Ihey fil, bul onty after obtaining thce from a finan(aal expert and hawng regard lo the suitsbility ol inveslmenls and the need f dvr$Iat10n. The Museum established a presence on the Charilies Foundalton ICAFI online plalfomi managed by Flagstone in 2023, to better manage our reseNe funds across a range ol teryn-deposil accounts. This has facilitated the rationalisation and re41eposil of funds Iiom existing reseNe savings accounts, as well as an increased number ol high inleresl accounts across which we have spread Ihe major multi-million- pound donabon Irom the Fanlastlc Pe&h Foundation IFPFI recewed in April 2023. Thls Invèstment approach was delemiined folloiThJ advicè taken from InsIment managers In 2022 aboul the likely return Irom Inveslmenl In manageil lunds1<3%1 and from an independent financi8J advisor who recommended thal the high 8ank of England base rate meant therè were many termdeposlt savings ¥counts offerlng interest rales mthedty higherthan the relums lorecasl from managed funds. Ajthough the long-lemi intenlion remalns lo Invesl the bulk of the FPF th)na.0n In regenerating and expandlng our si18 for long lerm sustainability, al preseThl the inlerest income generated by the core sum is seNng as a pxY lor the annual donalion wè recèlved from the Roald Dahl Story Company, whiGh ceased when the company was sold out ol Dahl famity ownership ui 2021. •. Golng ¢onc•m Glven Ihe balance In our general reserves and Designated Funds, set against Ihe budgeled in¢ome expenditure lor 2025.26, the Trustees have reasonable expe¢talions Ihat lh9 charity wlll continue to owats for the lorese8able fulule and have Iherelote adopted th8 goin9 conGem basis ol accounlTrng. St•tement oltrustee$' re$pon$lbHltles The Trustees, who are also the directors ol THE ROALD OAHL MUSEUM AND STORY CENTRE for the purp)s8 of company law, are sponslble lor preparing the Trustees. Report and Ihe finala1 slalemenls in accordance with applicable law and Unlled Klngdom Accountlng Standards Iunlted Kingdom Gen8raltyAccepted A¢thg PractKel. Company and charity law requlre the directors to wepare fina statsments for each financlal year. Under that law the direclors have elected to prepare the financial slalemenls in Kcordance with United Klngdom Generalty Accounted Practice (Uniled Kingdorn AccouThllng Standards and appllcable lawl, Under company law Ihe dlreclors musl not approve the finwcial slalemenls unless they gi a Inje and lalr vlew ol the charity and Group and the Incoming resoUrS and application ol resources, Including Ihe income and expenditure of Ihe charity and Group for that P8rlod. In preparing Ihese finandal statements, Ihe Twslees are reqimred to., selecl suitable accounling policies and then appty Ihem consislentty., . obsetve Ihe methods and principles in Ihe Charilies SORP., make judgements and eslimaies Ihal are reasonable and prudent- - stsle whelher appllcable UK AccouThiing Slandards have been folwed, subject to mrial depwiure$ d15closed and explalnèd In the financial slalements,. and - prepare Ihe financial slatements on the goiNJ wKem basls unl8ss11 Is In4)propriate to presume thal the Charitable company wlll conltnue in operalion. The Tfustees are responsible for keeping adequate accounling records ihat disclose with reasonable accuiacy al any lime the financial position ol the Charitable company and enable Ihem lo ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding the assets ol the Charitable company and hence for tskln9 reasonable steps for the prevention and detection of fraud and olher irtegularities. In so fai as Ihe dlrectors are aware: - There Is no relevanl audit inforrnation ofwhKh Ihe chariils auditor is UnaWe.. and The directors have taken all steps that they oughl to he tsken to mae themsefves aware of any relevant au11 information and to establish Ihal the auditor is aware ol Ihat infomtslion.
THE ROALD DAHL MUSEUM AND STORY CENTRE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trvslees are responsible for the Maintenan and integiity of the charity and financial infomiathon inchjded on the Charitable cornpanls website. Legislation in the United Kingdom goveming Ihe preparation and dissemination of financia statements may diller Irorn legislation in otherlurisdict¢ons. Audllor A resolution lor the appointment of SKS Business Semces Lld wilh SCB {Puounlantsl Ltd part of the SKS gup, as auditor of the charity was passed at IhèAJbnual General Meeknng in October 2024. Small company provl$loni Thls report has been prepared In accordance wllh th6 speaal proMskJns for smal COleS undel Part15 ofthe CompanlesAcl 2c6. The trustees, report was approved by Ihe B0d of Twstees and signed on their behall by: 18obel Hunter Chalr Date: ,.....................................
THE ROALD DAHL MUSEUM AND STORY CENTRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ROALD DAHL MUSEUMAND STORYCENTRE Oplnlon We have audited the financial statements of THE ROALD DAHL MUSEUM AND STORY CENTRE (the 'Charitable company'l for the year ended 31 MaTch 2025 which comprise the consolidated slalemenl ol financial aCtlI1e$ (the summary income and expendlture accounll, the Charity Balance sheet , the Consolidated Balance sheet and the Consolrdaled ststemenl of cash Ilows and notes lo Ihe financlal sialements, including signifKanl accounting policies. The financial reporiing Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporling Standd 102 The Finanual Reporting Syamlard applicabl8 in the UK and RepublK of Irel {Uniied Kingdom GeneralACCepted Accntl9 Plte1. In our opinion, the financial sLitsments'. give a true and laif vlèw ol the stale of the Group's and of Ihe parent charitable companls affairs as at 31 March 2025 and ol the Group's incoming resources and applicabon of resources, including its income expendiiure for Ihe year then ended., have been propety prepared in accordance with United Kingdom General Accepted Accounting Practice including Flnanclal Rèporting Standard 102 The Financial Reporling Standard applicable in the UK ?d Republic of Iland., and havè been Prepared in xcordance with the requirements of the Companie$Act 2006. Ba81$ lor oplnlon We conducted our audil In &cordarKe with Intemational Slandards on Audrtlng {UKI IISAS IUKII plIcable law. Our rèsponslblllues under Ihose standards are further dèscribed in the Audilorfs responsilit$ lor lh8 audil ollh& financial stalemenls section of our report. We are independent ol the Charitable company In cordanCe wilh the ethical requirements Ihat are felevant lo our audit of the financlal slalemenls in ihe UK, induding Ihe FRC'S Ethical Standard, and we have luKill6d ovr other ethKal iesponsibililies in accordance with these requlrements. We beIve lhat1 audll évidence we have obtained is sufficient and approat8 lo W0de a basis for i)ur oplnlon. Concluslons relallng to golng ¢on¢•rn In auditing the financial statements, we have cOnched that the Iwslees, use of the going concern basls ol ¥wnting in the prepaiallon ol Ihe flnanclal stslem8nts Is appiopriale. Based on the work we have p8rfoMd, we not tdenlffjd any mrfal vncertah)ties rdating to events or corwJitKins that Indlvldvally or ¢olle¢lwety, may cast signrficanl doubl on Ihe Charitable company's ajility lo continue as a golng concem lor a period ol al least e1ve months from wh8n the fin01 slalements we authorised for Fssue. Our responsibilii¢es and the responslbllltles ol Ihe Tmstees wilh Tespect to going concem 8n dèscribèd In the relevant sections of thls report. Other Informatlon The other infomiats'on comprlses the InfonnatEon Induded In the annual report other than the financlal statements and our audllofs report therèon. The Twslees ate responsible for Ihe olher inlormation contslned within thè annud report Our oplnlon on the fInclaI sLmenls does not cover the other infonnatKin we do nol expres$ w lomi ol assurance concluslon thereon. In connectlon with our di1 of the finaal stalèment our responsiblty is to real the other Inlomation d, In doing so, conslder whether the othe¥ Informaon is materially inconsislenl with the finandal slatements 01 our knowledge obtained in the course ol the audit, or otheiSe appears lo be maleiialty misslaled. If we ideThlify such material innsiStenC1eS or apparent material misslalemenls, wè are fequired to detemiine whether this gives rise lo a material misslalemenl in the financial slalements themselves. If, based on the work wè have perfom)ed, we conclude that there Is a materFal misstatement of this other informalion, we are required to rep)rt that fact. We have nothing to report In thls regard. Oplnlon8 on other mattern pmcrlbed by the Companie• Act 2006 In our opinion, based on Ihe work undertaken in the course of our audil.. the infomialion gwen in the trustees, rep)rt for the financial year lor vthlch the finandal statements are prepared, which includes the directors, report prepared for the purposes of company law. is consislenl with the financial ststemenls- and the directOTS' report included wilhin the tNstees' report has been prepared vi a¢coTdance with applicable legal requirements. 10-
THE ROALD DAHL MUSEUM AND STORY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ROALD DAHL MUSEUMAND STORYCENTRE Matten on Tpthlch we are requlred to report by ex¢eptlon In the light of our knowledge and undeislanding of the charilable company its enirOnment obtained in the course ol the audit, we have not identified malerial misstatements in the Truslees, ReF We have nothing lo report in Tespecl of the following matters in relation to which cm7pleS Acl 20C requires us to rèport to you il, in oui opinion.. the Information gwen in the financial stslements is Inconslslent In any materfal respecl wilh the trustees, report,. or The parent charilable MpanY has nol kept adequate and Sufflent accounb'n9 recoids. or retuins adequate lor our audit have not been recewed from branches nol visiied by us. or The parent charitablè company financial slments are not in reeMent with the accounling Tecords aNI ietums., or we have not recéived all the infOation and explanatvjns we req1re for our wd The Twsiees were not entiued lo prepare the financial sL8menls in acGordaw£ with the small companies reglmè and lake advantagè ol the small ¢ompanies' exemptions li preparing the Trustses. Report and from thg requirement to Prepare a Strategtc Report. R•8pon8lbllltles of Tru8t••$ As explained more lully in Ihe slalemenl of Ivusleès, responsibilities. Ihe Trustees, who are also the dirtsdors ol the Charilable ¢ompany lor the purpose of Company law, are responsible lor Ihe prepaiation ol the fmancial slalements and lor being satisfied that they give a true and falr view, and for suth internal control as Ihe Twstees detenine is necess to enable the preparation of finanGial statements that are free from material mlsslatemenl, wh8ther due to Iraud or eThor. In PParing the finandal slatemenls, the Twslees are responsible lor assesslng Ihe Group's and the parent Charilablfr company's ability to continu8 as a going concern, disckssing, as applicable, matters related to going concem and using the going concein basis ol ac¢ounling unless the Trustees either intend to liquidate Group's or the parent charit CorranY or to caase opèrations, or have no iealistic alternative bul to do so. AudS10ls re$pon$lblllll•$ lor th• audlt of the ftnanclal statements We have been appointed as auditor under section 144 of Iha Chailhs 2011 and Teport In accordance wlih the Act and relèvant r8gulalions made or having effect Ihere under. Our objeclrves are to obtaln reasonable assumce about whèther the financial statements as a whole are free from mateTial mlsslalemenl, whether due lo fraud or erior, and to issue an Audiiols Report Ihat includes tyJT opinK)n. Reasonable assurance is a hlgh level ol assurance, bul Is not a guarantee that an audit conductsd in &cordance with ISAS IUKI will always detect a material misslatement when il exists. Mlsstalements can arise Irom fraud or error are consrdered malerial il, indMduaI or in Ihe aggregate, they could reasonably be expected to influence the economic decisions of users taken on the ba515 01 thesè financial slalements. Irregularflles, Including fraud, are Instances of non-compliance wilh laws and regulations. We deslgn procedures In Ilne wllh our responsibililies, ouuined al)ove, lo delecl malerlal misslalemenls in re¥ect ol irregularities, includin9 fraud. The exlenl lo which our procedures are c4)able of detecting iTregularities, induding fraud, k8 delaled below. • Dlscusslons were held with, and enquirfes madè of, management and those tharged wilh g0VemCe wilh a vlew lo idenbtyng those laws and iegulalions that could be expected lo have a material impact on the fin8¢137 slalements, During the engagement team briefing, Ihe outcomes of these discusslons and enquiries were shared with the team. as well as considertAion as to where and how fraud may olT in the entity. 11
THE ROALD DAHL MUSEUM AND STORY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE ROALD DAHL MUSEUM AND STORY CENTRE The following laws and regulatn$ were Identified as bekng of signifKance to the entity: Those laws and regulations coNdered to have a threct effect on Ihe financial stalements Inde UK financlal reportin9 Standards. Company Law, ChaiitiesA¢t, Tax Pènstons legistation. arKI distribulabl8 profits gIation. It is considered that thèm are I$ and regulalvjns which n(mwcompllwKe may be lundamenlal to th8 operating aspects ol the charity. AudS1 procedures vndertaken in response to the potenlial iisks relatirwj to Iwulaiiis (which include fraud and non-compliance with laws and regulations) comprised of.. inquiries of management and those charged with g¢)vemance as lo whether the charitable company complies with such laws and regulalYJns,' enquiries with the same conceming any aclual OT Folentlal litigation OT claims; inspection of Televant legal correspondence., review of Board mlnules: lesling the appropriateness of entiies In the nominal ledger, including journal entries,. revlewlng transacOn$ around the end ol the reporbng pwiod,. and tha p8rfom)an¢e of anatylcal woceduTes to Idenlty unexpected movements in aGGount balancès which may be indKative of frd. No Instances of material non<ompliance werè idèntified. However. the likelihood of delecling irregularities, including fraud, Is Ilmlled by the Inherent difficulty in dele¢ting irregularib'ès, Ihe effeciiveness ol the èntity's controls, and the nalure, thming and extent of the audit procedures performed. Irregularities that result from fraud might be Inhefenty more dfficull lo dets¢l than lThegularilies that result from error. As gxplalned above, Ihere is an unavoidable risk that material nNSStateffls fflay not be detected. even though the audll has bèen planned and pèrfomd in accord8xKe wllh ISAS (UK). A further description of our responsibilili8s is avalable on the Flnanclal RewtirvJ Councm's web8lte at.. https:11 lQLLukl nsibi This description forn part of our ajditorfs report. U¥• ol our r•port Thls report is made $olety lo the charltable compJry's Twstees, as a body. kn aCcordae with Chapter 3 of Part 18 of the Companlg5 Ad 2006. and lo Ihe charilable companls Trustees, as a t*)dy, Part 4 of the Charilies (Accounts and Reports) Regulations 2008. Our audit wo has been undertaken so that we might slatè lo lh6 chl¥ble companls Truslètss Ihose matters we are required to slate lo them in an Audilols Repori and lor no other purpose. To the lullesl exlenl permitted by law, we do not xcept or assufflè responslbS1Ity io anyone olher than the charitable Company and Its m&mbers. as a body. lorow auditwork, for these ffjports or forlhe opinlons we have lomièd. Jeffiey Bor ISenSor Statutory Audltorl For aftd on behaw ol SCB (Accountants Ltd) Chartered Accountsnts Dale.. 31 Sacbmle StreÉt Manchestèr M13LZ 12-
THE ROALD DAHL MUSEUM AND STORY CENTRE STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr¢$trlcted fund• Restrlcted ndi Endowment funds GROUP Total GROUP Total 2025 2025 2025 2025 2024 Not Intome and endovffienti fiom: Donations and legacies Chadtable activities Othèr Iiadlng activ68$ Investments Other Inme 55.321 376.248 156,526 458.891 1.111 55,321 376,248 156,526 458,891 10,072,082 386,547 170,955 362,411 45,218 Total In¢om• 1,048,097 1,048,097 11.037,213 Expendltur• on: Raising funds Charitable actmtles 154,656 1,181.650 154,656 1,185,536 195,179 1,533,335 Total •xp•ndlturè 1,336,308 3,888 1.340,192 1,728,514 Nèt In¢omellexp•ndltur•l and movem•nt In lund• {288,209) 13,8861 1292,095} 9,308,699 Re¢on¢lll*llon ol lund•', Fund balances al1 April 2024 13,142,804 8,279 1,1X,11 14,149,083 4,840,384 Fund balancei at 31 March 2025 12,854,595 2,393 1,IM,000 13,856,988 14,149,083 The Consolidated Slalemenl of fin¢1 tivitreS indudeg all gn¥ k)sses reC(nised li the year. All I)me and èxpendilure delive from conllnulng aclivities. The noles on pagès 19 to 32 form patl of these fintlKJal statements. 13-
THE ROALD DAHL MUSEUM AND STORY CENTRE CONSOLIDATED BALANCE SHEET ASAT31 MARCH 2025 GROUP 2025 GROUP 2024 Notes Flxod assets Tangible assets Heiilage assets 13 14 3.965,476 300.0 4.073,183 300,000 4,265.476 4,373,183 Current ass• Slocks Debtors Cash al bank and In hand 16 17 55.875 319,018 9,325.271 57,875 365,853 9.460,824 9,7W,164 (108,6S21 9,884,552 1108,6521 Credltors: amounts f4lllng due wlthln on• year N•t current as8•t1 9,591.512 9,775,9frJ Total ass•t$ I¥ current Il•bllltl 13,856,988 14,149,083 N•t as•et• 13,856,988 14,149,083 Thg lunds of th• Charltabl• company Endowrnent funds. general Reslrfcled lunds mreslfleted lund8 Designated lunds Gèneral funds 20 21 1,(K4),rxi) 2,393 1,000,000 8,279 2,818,987 10.035.608 2,938,021 10,204,783 12,854,595 13,142.804 13.856,988 14,149,083 The charitable company is entitled to the exèmplKJn from the audil requ¥emenl Contained in seclion 477 of the Companles Act 2006, for the year ended 31 March 2025. The Trustees acknowledges their responsibilitses for mth'ng with the requirements of the Companies Act 2006 with reS¢t to accounlng records and lh8 preparati( of financial statements. The members have not reqvired the company to Obta an audit of its finaKia statemènts under th& requirements ol the Companies Act 2006, for the year in question in accordance with se¢lion 476. These financial stalements have been prepared in accordance with the ppJ¥isvJns app¢the to companies subject lo the small companles regime. However, an audil is required in accordarKe wrfh sedK)n 151 of the ChariliesAct 2011. The finanGial statements have been prepared wi ac(Xsrdce with Ihe PrOv10n$ 4plicable lo entities subject to thè small companies regime. 14-
THE ROALD DAHL MUSEUM AND STORY CENTRE CONSOLIDATED BALANCE SHEET ASAT31 MARCH2025 The financial statements were approved and authorised by the Twstees and signed on ther behaw by i* 0 ¥ 20 ¥5 hobel Hunter Chilr Company reglstralon number 041785)5 {EngId and lfilalesl The notes on pages19 to 32 lonn part of these finanual statsments. 15-
THE ROALD DAHL MUSEUM AND STORY CENTRE CHARITY BALANCE SHEET ASAT31 MARCH 2025 CHARITY 2025 CHARITY 2024 Notes Flxed assets Tangible assÈls Heriiage assets Inveslrnenls 13 14 15 3,965,476 300,or 1cKI 4.073,183 300,000 11XI 4,265,576 4,373,283 Currtnt a88•ts Debtors Amount owed by group undertaking Cash al bank and in hand 17 315,859 291,888 9,312,266 360,858 310.690 9,435,324 9,920,013 97,362 10,106,672 97,793 Cr¢dllorn: amount• lalllng due wSthln one y••r 18 Nel current assets 9.822,851 10,008,879 Total 4s•et• l¢¥$ ¢urr•nl Ilabllltlol 14.088,227 14,382,162 Thè funds olthe Charllable company Endowment lunds. general Reslricled income funds Unre8tdct•d fund8 Designated funds General funds 1,iJ)o,rxJo 2,393 1,000,000 6,279 21 2,818,987 10,266,847 2,938,021 10.437,862 13,085.834 13.375,883 14,088,227 14,382,162 The notes on p*Jes19 to 32 lorm wt ol these financial stalements. The Charity's nel movement in lunds Deficit for the year was £293.93512024'. sutplus 01 £9,333.3341. The Chty was entiued to &xemplion from audit under seclion 477 of Ihe compleS Acl 211)6. 16-
THE ROALD DAHL MUSEUM AND STORY CENTRE CHARITY BALANCE SHEET ASAT31 MARCH 2025 The ¢harilable company Is enllued to Ihe exemption from the audil requlremenl conlalned in section 477 of the Companies Act 2006, lor the year ended 31 March 2025. The Trustees acknowledges their responsibilibes for coMplj with the iequwements of the Conwantes Act 2006 with respecl lo aOunting records and Ihe preparation ol linanclal statements. The members have nol required the company to obtain an audii of ts nClI slatements under the requirements ol the Companies Act 2006, for Ihe year In quason In accord8thce with section 476. These finanGlal statwnènts have been prepared in Cdanc8 w6th lh& prowsions wplKable to companlès subject to Ihe small companles règSme. Howwer, an audit is required In acwrdance wllh seclknn151 of the ChileS 2011. The financlal statements hav6 beèn prewed in accorda with the provislons appI¢Ie to enbbes subject to thè small companles reglme. The financial slalemènts were 4)proved and authorbsod by Ihe Tnjstees and slgned on thelT behal by l#oh•l Hunt•r Chthlr Charity reglstratson number1085853 The notes on pages19 to 32 fonn parl of these finanual statements. 17-
THE ROALD DAHL MUSEUM AND STORY CENTRE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 GROUP 2025 GROUP 2024 Notes Cash Ilows Irom opèratlng a¢tlvllle8 Cash (absorbed byllgenerated from operatsons 28 1589,9011 8,752,477 Inv•itlng a¢tlvltl•8 Purchase of tangible fixed assets Inv6slmenl income receNed 14,5431 458,891 1731,9201 362,411 Net ca•h generated fromllu•ed In) Inve•tlng ictlvltl•i 454,348 (369,5091 Net cash g•n•rat•d from flnanclng actlvltlès N•t {d¢cr•as¢lllncr•ii• IN ¢iih ind ¢aih •qulvalents (135,5531 8,382,988 Cash and cash 8qufr4alents al beginning ol year 9,480,824 1,077,856 aih and cash •qulval•nts at end ol year 9.325,271 9,460,824 The notes on pages 19 to 32 lorm part of thèse financlal statements. 18-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•$ Charlty Informatlon THE ROALD DAHL MUSEUM AND STORY CENTRE is a company limited by guarantee iicorporated in England and Wales. The regislered office is 81-83 HEgh street, Great Missenden. Buckinghamshire. HP16 OAL. 1.1 Accountlng conv•ntlon The financlal statements have been prepared in acwdance with the charies SORP IFRS 1021 Accounting and Reporting by Charslies.. Statement ol Recommended Piathe applicable to Charis preparing Iheir accounts In accordance wilh the Financial Reporting Standard apPIable in Ihe UK and Republic of Iieland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republc of Ireland (FRS102) and the cunPleS Act 2c(K8. The consolkialed Ilnanclal $latem8nts are prepared in sterfing, whtch is the I¢110nal curfency of the Chatilable company. Monètary nounts In these financlal statements are rounded to the nearest £. The Roald Dahl Museum and Story Cenlre meels Ihe dèfinilion of a public benefrt entity under FRS 102 Assets liabiliilgs are initrally fecognised at historal cosl OT Iransaclion value unless otheTh¥ise slated in the ielevanl accountsng policy, Consolidated Slalement ol Finandal ActThiilles (SOFA} and Consolidated Balance Sheet consolklate the financlal slatèmènls of thè Charity and Its subskllary undertaklng Ilhe Group). The Tesulls ol the subsithary are cLmsolidaled on a line ty Ilné basbs. The Charity has tsken advanlwje of thg exemplwjn alhJvMI under secth)n 408 of thè Companl8s Aci 2fy)6 and has not piesEinled lis own Statement ol FlnarKlalAthieS In thesa financial statement& 1.2 Comp•ny Stslui The Charity is a compary limlied by guaranlee. The members of the rA)mpany are the Trustees named i)n page 1. In thè ev8nl of the Charfty being wound up. the abIlty in respect ofthe guamle8 1$ Im6ted to £1 w mèmber of the Charty. 1.3 Golng ¢onc¢m The consolidated statement ol finri1 xtNilk8s shows a net d&ficll 01 £292.095 lor the year {2024'. net surplus 01 £9,308,699) and Iiee feseNes of £9,589,11912024.' £9,769,627). The management are of the wew that these results have secured the Immedlate future of the Gioup for Ihe next12 to16 months on this basi6 the Gro Is a going conc6m. 1.4 Charltable lund• General funds are unrestricted lunds which are available for use al the discretion of Ihe Trus1è8s In furtherance of the gen6ral objectives of the Group and which have not been designated for other purpos8& Designated funds conwrisè unresbicted lunds that have been set aside by the Trustees for patticular purpose. The alm and use of eaGh designated fund Is set out in the notes lo Ihe financial statthnts. Reslricled funds are funds which are to be used In ¢0[dance with specffK restriclions i[o$ed by donors or which have been ralsed by the Group for particular puSe$. The cosls of raising and adminisleiing such funds a charged against the specific lund. The aim and use of each reslrKled lund set out in the notes to the fin¢1 slatemenls. Inveslmenl income, gains and losses are allocated to the appToFNiale lund. 19-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢le$ Icontlnued) 1.5 Income All income is recognised once the Charity has entillemenl to the income. it is probabte that the income will be recerved and the amount ol inGome reGervaNe can be measured reliabty. Income lax recoverable In relation lo Invesknenl income Is recognised al the time the Investment income Is receivable. Income lax recoverable in Telation to donations ceiVed under GiftAwJ or deeds ol covenant is recognised at the lime of the donation. Income Is deferred when elther a donor $peur$ the irKome is to be used in a luiure perlod, or the Income relates lo an &amissioThl event or Coufse date in a future period, 1.6 Expènd51urè Expenditure is recognlsed once there Is a lega or construclNe ObligaOn lo transfer econonNc benefit lo a third paty, il is probable that a transfer of economic benefits will be required in settnI. and the amount of the obligation can be measured reliabty, Expendilure Is classId by athity. The costs of eh &lpiity ae m&Je up of the tolal of dir1 costs and shared costs, Includlng support costs inVoed in undertaking each activity. Direct costs ailribulable lo a slngle activity are allocated direcuy lo that activlty. Shared costs which conlribule lo more Ihan one aclmty and support costs which are nol attributable to a slngle aclwity are apportioned behveen those activilies on a basis consistent with Ihe use ol resources. Central slall Gosls are allocated on the basis of time spent, and depreciation charges are allocated on the POrtn ol Ihe asset's use. Expendllure on ralslng funds Includes all expendtture incurred by ihe Group to raise funds for lis chwlable putP05es and In¢ludes costs of all fundraising a¢livities events non-chwilable trading. Expenditure on charitsble actsvities is irKurred on directty undertaking the aclvibes which further Ihe Group's objectives, as well as any associated supwl costs. All expèndlture Is Indusfve ol recoverable VAT. 1.7 Tanglble flxed asiets Tangible fixed assets co$bng £500 or motè ae caprtaised and recognlsed when luiure econonk beneffls we probable and Ihe cost or value of the asset can be measured reabty. A review for impairmènt of a fued assèt is wiad oui rf evènts or in ckojmslancas Indlcate that the carrying value ol any rixed asset fflay not be rec¢)verable. Shortlalls belween Ihe ca1ng value ol ffixed assets and thelr recoverable amounts are recognised as impaimients. Impaimwl b$se$ are rec<Jgnised in the Statement of Financial Aclivibes. Tangible fixed assets are carried at cost, n81 of depreclation any provlsion for ImpalmenL Depreclallon Is charged so as lo akKate the cost of langle red assets less thelr tesidual vlue over thelr eslimaled useful lives, using the slraigh14ine melhod, Freehold land and buildings Soare, Fumituie, Fixre Equipmenfs Galleries Premises and fitbngs 1% Straight Ine 1(V33% Straight Ine 5-10¥0 Slraighl linè 10% Straight Line The gain or loss atising on the disposal of an assel is determined as the diNerenrE beiween Ihe sale proceeds and thè carrying valuè of the asset, and is recognised in the stalement of IwianrAd actiwtie5. -20-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl 1.8 Herltage a•sets The Heritage asset represents the archive relating to Roald Dahl. The Penanent collectKns contain manuscfipls, pholograph5, letters and mementoès from hls evenfful life together wilh over 200 objetls Irom his writing hul and a collection ol filrns, documentaries and books relating lo his lrfe and work. The pemianenl colle¢lions we in¢luded in the balance sheet al market valuation al the dale ol acquisition. The Trustees believe that the Costs to continualty update the market value of Ihe heritage asset would be onerous compared with Ihe addrtional b8nefits derived by the Museum the users of thè oUnts, The latest estimated value Is reported In note13. The Ifansient collections included duplicate and facsimile items held for educational and research purposes as well a5 a small archlve aboul Ihe Museum tsew. These items are not recognised in the balance sheet as cost informalion is not available. The Tiuslees believe Ihe benefits ol obtaining valuation lor these items would nol justfy Ihe cost as these iiems arè èstimated lo be of little monetary valuè. The asset 1$ deemed to have an Indefinilely uselul life JKI Iher8lore depreciation is deemed to be Immalérlal. Expendllure whlch Is required lo preserve or prevent lurther deieriolaln ol individual ilems within the archive is fecogn15ed in the Slalemenl of Financial Activitlès when il is incurred. The $9m,$ management poli in respect ol its hgriiage assèt is summarised in note13. 1.9 Flx•d a8i•t Inve8tm•nts Flxed asset investments are a fonn of financial inslwmenl and we inilialty recognised at their transacon cost and subsequèntly measured al lair value al Ihe Balance Sheet dale, unless Ihe value cannot be measured reliabty in which case il is measuied al cost less impairment. Investment gains and losses, realised OT unrealised, e combined and presented as'GalnsllLossesl on inveslmenls, In the Consolldated Staternenl of Flnan¢ialAclbvibès. Investmenis kn $ub5idiades valued at cost less prwslon ffrf ImpalmnI. 1.10 Sto¢ki Slocks arè valued al Ihe lower ol Cost and nel realisable value after making due alowanco for obsolete and slowwmoving stocks, Cost includes au direct costs and an appropriai8 proportion of fed and variabl8 OV6rtads. 1.11 C•Jh and eaih •qul¥al•nts Cash al bank and in hand includes cash and short-lern highty 1 Inveslments with a short matutlty of thffje months or l&ss from the dale ol acqulslbon or opening ol the deposil or similar account. 1.12 Flnanclal Instrument8 The Charity only has financial assets and financlal Ilabimies of a kind that qualty as basic finandal Instruments, Baslc ffinanclal Instruments are initially recognised al transaction value and svbsequentty measured at Iheir setuemenl value. 1.13 Taxatlon The Charity is consldeied to pass .the tests sel out In Paragwh 1 Scheduk 6 of the Finance Ad 2010 and therefore it meets th8 definition of a chariiable wmpany for UK corporalion tax purposes. Accordingly, the Charity is potentially èxempl Irom laxaiion In respect of income or capital gains received within Categories covered by Chapter 3 Part11 of the CoTPOfalion Tax Act 2010 or Section 256 01 the Taxation ol Chargeable Gains kl 1992. lo the extenl that such income 01 gains are applied exclusive lo charitable purposes. 1.14 Llabllltles and Prov151ons Liabilities are recognised when there Is obligation at the Balance sheet date as a resuli of a past event, il is Probable Ihat a Iransler of economic benefit will be ffjquired in selllement. and the amount of the setuernent can be eslimaled reliably, Liabilities aTe recognised al the amount that the Charity ticipate$ it will pay to settte the debt or the amount it has fecewed as advanced payments lor the goods 01 selvices il must provide. 21
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollcl¢¥ Icontlnuedl 1.15 Basls of consolldatlon The financial ststements ¢onsolKlate Ihe accounts of The Ro Dahl Museum JKI Story Cènlre and all of its subsidiary undertakings I'subsldiaties). Thè Charity has taken advanlage of the exèmption contwned witrin section 408 of the Ci)mpanies Acl 20C nol lo present ils own Income and expenditure account. Thè Income and expendiiure xcounl lor thè yèar deall wilh In th& accounts ol Ihe Charity was a defftlt of £292,095 {2024'. surplus of £9,308,699}. 1.16 D•btors Trad8 and other debtors are Tecognised al Ihe seloemenl wnount after tre discounl offered. Prepayments are valued al the amount prepaid nel of any tr•Je (Nscounts due. 1.17 Pen•lon• The Charity operatss a defined contsibulvjn penshjn scheme MI the penslon charge represents the amounts payabte by the Charity to Ihe fund In respect of the year. Crltl¢al ac¢ountlng e•tlmat•• and Judg•m•nt• The preparation of the financlal slalemenls requires management to make judgements, eslimales and assumptions that affect the amounts reported lor assets and liabililies as al thè balance sheet dale and the amounts reported lor revenijes and expenses during the year. However, Ihe nalure ol estimation mèans Ihal actual OutMe$ couhj drfler from those estimates. The following judgements {apart Irom those Invdving estimates) have had the mst significant effect on amounts recognised in thEI financial slatemenls. Critical accounlng estimates assumptions,. Tanglble fixed assets (see note131 Tangible fixed assets are depre¢ialed over their uselul lives laking inlo accounl residual values, whern appropriale. The actual lives of thé assets and residual values are assessed annua and fflay vary dependlng on a number ol faclots. Residual value assèssments consider issues such as the remaining lrfe of Ihe asset and projected disposal values. Income from donatlon• and legacl•s GROUP Total 2025 GROUP Total 2024 Unr¢strlcted fundi Donalons and gffts 55,321 55,321 10,072,082 55.321 55,321 10,072,082 -22-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from ¢h•rftable actlvltlei GROUP Total 2025 GROUP Total 2024 Unwe•trlct•d funds Museum admission Education Course And event 376,248 376,248 368,206 18,341 376,248 376,248 386,547 Income from other tradlng a¢livltlei GROUP Total 2025 GROUP Total 2024 Unr•st+lcted funds Shop and café income Sundry trading income Irom charlty 156,299 227 156,299 227 170,834 121 156,528 156,526 170,955 Income from Inv•itment• GROUP Tot•1 2025 GROUP Total 2Q24 Unr¢•trlcled fundi Interesl recelvable 458.891 458,891 362,411 458.891 458,891 362,411 Oth•r In¢om• GROUP Total 2025 GROUP Total 2024 Unrestrlcted funds Other Sundry InconK* 1,111 1.111 45,218 1,111 1,111 45,218 -23-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ral8lng fundi Unrestrlct•d funds GROUP 2025 Unr•strlct•d fundg GROUP 2024 Shop and calé costs othei lundralsing costs Slaff costs 108,328 46,328 130,881 64,298 154,656 195,179 Expendlture on charltlblg a¢llvStl•i GROUP Total 2025 GROUP Total 2024 Museum 2025 Edu¢atlon 2025 ATehlv• 2025 Dlf•ct co•t• Staff costs Depreciailon and Impalfftienl Other costs 444,674 112,250 362.G¥J4 176,332 51,889 672,895 112,250 377.131 606,021 116,918 772,714 5,132 9,995 918.928 181,464 61,884 1,162.278 1,495,653 Share ol Support and gov•rnanc• co•ts {•ee not•10) Govemancè 23,260 37,682 918,928 181.464 81.884 1,185,536 1,533,335 Analys18 by lund Unrestri¢led funds Restricted funds 915,IM2 181,464 61,884 1,181,650 3,886 1.530,947 2.388 918,928 181,464 61,884 1,185,538 1,533,335 For thè year ended 2024 1.281.898 168,132 1,533,335 -24-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 10 Support Costs allocated to actlvltlèi GROUP 2025 GROUP 2024 Mus8vm - Prèmlses costs 61,425 62,819 61,425 62,819 Governance costs Auditors, remuneratK)n Legal and Professional fees Trustees, expenses 12,500 4,646 6.114 7,965 25,203 4,514 23.260 37,682 GROUP 2025 GROUP 2024 11 Net movam•nt In lund8 The nel movement in funds is slated after ChargIn(CredIting}. Fees payable lo the Gharity's auditor - for the audil ol the charitys finan¢lal Statsments for other assurance setvlos Depreciation ol owned tangiblè fixed assets 8,750 3,750 112,250 5,500 2,465 116,918 12 Employe•1 The average monthly number of empbyee$ d1j the yearwas.. GROUP 2025 Number GROUP 2024 Number Activiilés generaling funds- shop Charllable acbvitses 28 28 Total -25-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees Icontlnuedl Employynent costs GROUP 2025 GROUP 2024 CHARITY 2025 CHARITY 2024 Wages and salarres Social security costs Other pension costs 629,130 55,522 34.571 589.288 49,184 31,847 582,802 55,522 34,571 524,990 49,184 31,847 719.223 670,319 872,895 606,021 Durfng the year, no Trustees recefved w remuneration12024.' NII Trustees received reimbursement ol expense anTh)vnting £2.165 in the cuThenl yew12024: £1,754) The number of employees whose employee benefitslgxthdlng employer pensSon Msts) exceeded £60,O¢XI Is as follows.. 2025 Nufflb•r 2024 Number In Ihe band £70,)1- £80.OCiI In the band £80,001- £90,OLKI 13 Tanglblé flx•d a•8•ts GROUP Total Fr••hold land and bulldlng• Softw•fO, Furnllur•, Flxtur• Equlpmonl Gall•rl•• Pr•ml8•8 and flttlngi Cost Al1 April 2024 Additions Dlsposals 4,242,563 260,395 4,544 (18.3381 1.216,095 319.052 6,038,105 4,544 {63,6561 145,3181 Al 31 March 2025 4,242.563 246,601 1,216,095 273,734 5,978,992 D•prt¢latlon and Impalrment Al 1 April 2024 Depreciatson charged in the year Eliminated in respe¢t ol disposats 487,688 32.675 232,286 14,632 118,338) 1,031,808 38,337 213,1eo 26,6C6 {45,318} 1,964,922 112,250 118,3381 At 31 March 2025 520,343 228,580 1.070.145 194.448 2,013,516 Canylng amount At 31 March 2025 3.722,220 18.020 145,950 79,286 3,965,476 At 31 March 2024 3,754,895 28,109 184,287 105,892 4,073,183 -26-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Herftage as*¢ls GROUP 2025 CHARITY 2025 2024 2024 At1 Aprll 2024 and at 31 March 2025 3CK),OC 300,000 The heritage assel represents the peffnanenl part ol the Roakl Dthl archrve. The aTchNe was ¢apttlised at market valu8 at Ihe dats of acquisition. An exlemal valuation of the pemanenl collections part of the arch was carrièd out by Sothebys & Co as al1 March 2012 and Its market valuè was deemed to be £2.060.(KA). Subject to the appmval of the Trustees. the chty may dispose of these ilems from Ihe translenl Collection but onty for Sound curatorial reasons. On disposal, priority Is gNèn to keeping M In thè publlc doman. The archive is accessible lo the mlryity ol users through educati work displays in the galleries. Researchers have Ge$S by appointment to items held in storage subject lo the arKess and prrvw policy ol Ihe Museum. The archive Is mainlalned In approprfatè ondilions, under BS5454. wilh contro118d ternperalum and relative humidity In a Mcure en10nMen1. The Museum occasionalty makes availabl8 on kjan items from the conedons lo other rwseuffls and also accepts Itèms on loan, subject lo the K4useum'$ bans policy. 15 Flx¢d a$••t Inv•ilm•nts Shar•8 In group Undertaklng Charlty Cost or valuatlon As at1 April 2024 1(K) At 31 March 2025 1CIJ 16 Stock• GROUP 2025 GROUP 2024 Merchandlse 55.875 57,875 -27-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Debtors CHARITY 2025 CHARITY 2024 GROUP 2025 GROUP 2024 Trade debtors Amounts owed by assodate undertakings Other Receivable- Tax refun¢Y GiftAid Olhei debtors Prepayments 14,987 291,889 28,408 310,690 11,255 4,024 316,973 16,745 33,300 3.984 1.282 297.007 11,255 4,024 317,274 1,282 295,607 Prf)7,749 671,348 319,018 365,853 18 Ci¢dllor•: amounts falllng du• %*lthln on• y••r CHARITY 2025 CHARITY 2024 GROUP 2025 GROUP 2024 Taxation and social security Deferred Income Trade creditors Other credi9 Accruals 13,378 19,118 33,235 1,668 29,966 1.599 25,677 41,580 1,780 27.157 14,224 19,116 38,267 2,624 34,421 4,814 25,677 44,933 2,387 31,041 97,363 97.793 108,652 108,652 19 D•f•rr•d In¢om• GROUP 2025 GROUP 2024 Oiher defeed Incomè 19,116 25,677 Dèferred Income is included in the finCial statements as folws: 2025 2024 Deferred incomé Is induded wllhln: Currenl liabilities 19,116 25,677 Movements In the year Deferred income at1 April 2024 Released from prevsous periods Resources deferred in the year 25,677 125,6771 19,116 9,828 (9,8281 25,677 Deferred in¢ome at 31 March 2025 19.116 25,677 The defèrred income relates lo jmissionS for the new finanoat year. 28-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Endowment fund$ GROUP At 1 Aprll 2024 At 31 March 2025 Endowmgnl funds 1,OOD,000 1,000,000 Prevlou• y•ar: At1 Aprll 2023 At 31 Mar¢h 2024 Endowment funds 1,OOD,OIXI 1,OIXI,O Thls fund represents the pemianenl endowment of the archNe (£3,[kYJ1 and the land {£700,0001 donated to the chaTIty. This cannot be dlsposed ol. apart Irom the Iransienl colleclion held wilhin the archive.11 is not an endowment that can be managed lo generate Incom8. 21 Reitrlcted lunds GROUP At1 Apdl 2024 R•sourc•8 At 31 Mar¢h 2025 •xpend•d The Amanda Conquy Travel Bursary 6,279 {3,8861 2,393 Prevlous yeaf: At1 Aprll 2023 R•iour¢•s At 31 Mah 2024 expended Leamlng Publk ProgranThe The Amanda Conquy Travel Bursary 103 (103) (2,285) 6,279 8,667 (2,388) 6,279 The Amanda Conquy Trav•1 Bursary This fund wa5 eslablished by a regular donation from the Road Dthl Story Company under Dahl family ownershlp to cieale and sustain the means to subsidies iTavel costs lor a Ilted number of school wsiting the Musevm, woviding Ihe school meet certain crilefia to evidence need. As donation lo lop up this fund have ceased, when the funds are expended the Museurn will review Ihe fvlurè viabilty of thè lund wilhln our own financia planning. Learnlng Publ1¢ Programme This fund for a now-defunct public programme of outre&h storyldling in hospitals, for which fvnds were generated Ihrough public donation. -29-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrestricted Ind The unréstsicted funds ol the charity comprise the eXpended balances ofdonalions and grants which are not subject to specific conditions by donors and grantors as lo how thèy may be used. These wiGlude deswjnated funds which have been sel aside out ol unfestn'cted funds by the trustees lor specrfic purposes. GROUP In¢omlng r•8ource* At1 Aprll 2024 Resources At 31 March 2025 •xp•nd•d Unr•strlct•d lundi Deslgnated funds Gallery fund Leamlng developmenl fund Major repair lund fixed asset res6Ne 179,150 31,805 104,687 2,622,379 179,150 25,021 104,687 2,510,129 16,784} 1112,250} 2,9&8,021 1119,034} 2,818,987 General funds 10,204,783 1,048,097 (1,217,272} 10,035,608 Total Unr•itrlct•d fwnd 13,142,804 1,048.097 11,336,306} 12,854,595 Pr•vlou8 y•ar: Al1 Aprfl 2023 Incomlng r•iourc•i R••our¢•8 At 31 March 2124 •xpend•d Unreltrlcted fund De$lgnat¢d fund$ Gallery fund Leaming development lund Major repalr lund Flxed assel reserve lund 179,150 29,062 104,687 2.739,297 179,150 31,805 104,687 2,622,379 15.035 112,292} 1118,918} 3.052,196 15.035 1129,210} 2,938,021 Gèneral funds 779,521 11,022.178 {1,596,916} 10,204,783 Total Unr•8trlct•d lund 3.831,717 11.037.213 {1,726,126} 13,142,804 D•$1 nated fundi. Gallery fund These are funds sel asrde for Ihe puw of rna1ntang, as far as possible. the qUaty ofthe currenl exhibits and the galleries. Learnlng O•v•lopment lund Funds are put aside lo support the development of leaming progrMe$. Major Repalrs fund Income from the genera fund has been sel aside lo 1p the cost ol $JnanI repairs to the Museum's fixed assets that may arise in the lulurè. F5xed asset reserve The charity has established a resetve lo refiect the investment in the Museum's fixed assets. The expeTrdiivre for the year represents the depreciation of these assets and any loss on disposal and the transfer rewesents Ihe funds set aside from the general fund and lh6 gallery lund to cover Ihe costs offixed asset addrtns. -30-
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 An01$ of net asset* belween funds Unmtrfct•d nds 2025 Restrlctsd funds 2025 Endowmont funds 2025 GROUP Total 2025 At 31 Mar¢h 2025: Tangible assets Heritage assets Currenl asselsl{lablities} 3.265,476 700,000 300,000 3,965,476 300,000 9,591,512 9.589.119 2,393 12,854,595 2.393 I.0,000 13,856,988 Unr•strlcted funds 2024 R•itrlet•d fund8 2024 Endowm•Dt lunds 2024 Group Total 2024 At 31 March 2024: Tangible asseis Herflage assets Cuffent ass6tsllliablllUesl 3,373,183 700,IM)O 300,(K 4,073,183 300,OfrJ 9,775,900 9.769.621 6,279 13.142.804 6.279 1.cilO,OC 14,149,083 24 Op¢ratlng1•18• commltm•nt8 Al 31 March 2025 the Griwp and Ihè Charity had commltments to makè future nnImUm18a9e payments under noniancellable operatwig leases a5 follows 2025 2024 Not later than one year 362 25 Penslon commltment The charity is a member of the Flexible Reurement pl •Jminislered by The Penslons Trust, a not4or profil organisailon. Thls Is defined coTrlribution scheme available lo all pernanenl ek)YeeS. If enwloyees have their own personal defined conlribution pension scherne, the charity ¢onlribules to these instead. The assets ol the scheme5 are held separately from those of the charity in independently administered funds. Contributions lo the scheme are charged lo the Statement of Financial AclNities as they become payable and amounted to £34,571 {2024.' £31,847), At the year end £2,02412024.' £1,599) was oulslanding. 26 Related party transa¢llons There were no disclosable ielated pty transactions during Ihe ye&12024- ncffie}. 31
THE ROALD DAHL MUSEUM AND STORY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Prln¢lpal Subsldlarl•8 The Following were Subsidiary under Liklng ol the Charity.. Names ol Company Hold9 Company Number Holdlng Inculdèd In consolldated The Roahl DaN Centre ITr*llng) Llmllèd 4854808 The financlal resutts of lh6 subsldlaritis fw the 8[ were.. Name Ineom• Exp•ndltur• P¥oflUILoisl Net ass•ts The Roald Dahl Centre {Tradingl 156,494 1154,856) Limiled 1,838 231,228 GROUP 2025 GROUP 2024 28 Caih g•n•rit•d Irom operatloni {Defl¢il}Isurplus for the year {292,0951 9,308,699 Adjustments for.. Inve51menl incomo recognised In statement ol fanCIal xtivitses (Gainllloss on d15posal of tangible ffixed assets Dèpreclauon and Impakmenl ol IgIble rued assets {458,8911 1362,4111 719 116,918 112,250 Movemnts In worklng capita., Decrease in stocks Decreasellincreasel in debtors Incieaselldecrease} in creditors IDecieasellinGrease in delerred incomg 2.000 46,835 6,561 16,5611 17,517 1308,2561 136,5581 15,849 Cash lablorbèd byllgenèrated from operatlon• (S89,1> 8,752,477 29 Anatysls of cash & cash equlvalents GROUP 2025 GROUP 2024 CHARITY 2025 CHARITY 2024 Cash in hand Cash al bank and in hand 475 9.324.796 144 9,460,680 75 9.312,191 144 9,435,180 9,325.271 9,460,824 9,312,266 9,435,324 Total cash & ¢a$h equlvalents -32-