```
REGISTERED COMPANY NUMBER: 05114387 (England and Wales)
REGISTERED CHARITY NUMBER: 1106238
```
## **`REPORT OF THE TRUSTEES AND`**
```
FINANCIAL STATEMENTS
```
```
FOR THE PERIOD 1 APRIL 2024 TO 31 AUGUST 2025
```
```
FOR
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 April 2024 to 31 August 2025
```
|||**`Page`**||
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`8`|
|**`Independent Examiner's Report`**||`9`||
|**`Statement of Financial Activities`**||`10`||
|**`Balance Sheet`**|`11`|`to`|`12`|
|**`Cash Flow Statement`**||`13`||
|**`Notes to the Cash Flow Statement`**||`14`||
|**`Notes to the Financial Statements`**|`15`|`to`|`25`|
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS For The Period 1 April 2024 to 31 August 2025`**
|**`TRUSTEES`**|`Dr K M Strang`|
|---|---|
||`Mr J C Harris`|
||`Mrs S A Gorham`|
||`Ms L E Frostick`|
||`Mr A P Spawforth`|
||`Councillor Martin Myers`|
|**`COMPANY SECRETARY`**|`Mrs J S Lowery`|
|**`REGISTERED OFFICE`**|`Woodend`|
||`The Crescent`|
||`Scarborough`|
||`North Yorkshire`|
||`YO11 2PW`|
|**`REGISTERED COMPANY NUMBER`**|`05114387 (England and Wales)`|
|**`REGISTERED CHARITY NUMBER`**|`1106238`|
|**`INDEPENDENT EXAMINER`**|`Fortus Limited`|
||`Business Advisors & Accountants`|
||`5 & 6 Manor Garth`|
||`Manor Court`|
||`Scarborough`|
||`North Yorkshire`|
||`YO11 3TU`|
```
Page 1
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES`**
```
For The Period 1 April 2024 to 31 August 2025
```
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheperiod1April2024to31August2025.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
```
Page 2
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES For The Period 1 April 2024 to 31 August 2025`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheTrust'scharitableobjectivesare"Toadvancetheeducationofthepublicinarchaeology, history,
natural sciences, decorative and fine arts, antiquities and related disciplines by:
```
- `the establishment and maintenance of a museum and an art gallery in the Borough of Scarborough.`
- `promoting and encouraging scientific research by the disseminating of information and knowledge.`
- `promoting the preservation, access to and display of the Items, groupings, displays and`
- `collections for the benefit of the public in the Borough of Scarborough and elsewhere.`
- `Such other charitable purposes beneficial to the community consistent with the objects as the Trustees in their absolute discretion determine.`
```
ScarboroughBoroughCounciltransferredresponsibilityforthedeliveryoftheMuseumsandGallery Service
andthemanagementofthecouncil'scollectionstotheTruston1stJanuary2008foraninitialperiodof 30
years.DuringitsearlyyearstheTrustfocusedonconsolidatingthepositionsincethereopeningof the
Rotunda Museum in 2008 and the transfer of all management responsibilities to the Trust.
```
```
InMay2022,themergeroftheMuseumTrustwiththeCreativeIndustriesCentreTrustLtdresultedin the
creationoftheScarboroughMuseums,CultureandCreativeTrustLtd.TheServiceLevelAgreement (SLA)
withScarboroughBoroughCouncilwhichwasrenegotiatedin2022transferredtoNorthYorkshire Council
on the creation of the new Unitary Authority and from 1st April 2023, SMCCT’s SLA has been with that body.
```
## **`The Strategic Plan`**
```
The draft Forward Plan represented in April 2023 covers the period 2023 - 2026 and includes:
```
```
Vision:
```
```
Shaping the world around you, means we will:
```
- `Create warm, accessible and inclusive places where everyone feels welcomed and represented.`
- `Be a nationally and internationally recognised organisation with roots firmly within the community we serve.`
- `Develop exciting learning programmes, events and exhibitions, in our venues and externally, to engage and inspire our audiences.`
- `To inspire, engage with and invest in our team, stakeholders and partner organisations.`
- `Develop projects and curate exhibitions that explore the history of Scarborough and seaside heritage.`
- `Grow visitor numbers.`
- `Increase income from commercial activities to support culture in Scarborough.`
## `Values:`
- `We are warm welcomes and wow moments.`
- `We are a connected community.`
- `We challenge, change and evolve.`
- `We look beyond Scarborough, to impact our world.`
- `We are anti-racist.`
## `Strategic Priorities:`
- `Democratising the Collection.`
- `Access and Inclusion.`
- `Environmental Responsibility.`
- `De-colonising the Museum.`
- `Supporting the Creative Industries`
```
Page 3
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Public benefit`**
```
Asacharity,andwithregardtoCharityCommissionguidance,thetrusteesrecognisetheTrust'sduty to
carryoutitsoperationsforthebenefitofthepublic.Inparticularthetrusteesconsiderthattheworkof the
Trustinthelastyearhasadvancedthearts,cultureandheritageoftheBoroughofScarboroughand its
region for the benefit of a broad audience.
```
```
Page 4
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
Inlinewiththecharity'sObjectiveandAim's,anumberofeventstookplaceoverthecourseof the
financial period. These included:
```
## **`Exhibition Programme - Scarborough Art Gallery`**
## **`Displayful`**
```
20th January - 6th May 2024
```
```
Combiningnewworkfromfiveregionalartists,LukeBeech,KateFox,WendyGalloway,LibertyHodes and
AngelaKnipe,alongsidehistoricalartefacts,Displayfullookedtoconsidernewpossibilitiesforthelives of
objects.
```
## **`Self Made: Derrick Santini`**
```
18th May - 1st September 2024
```
```
Visitorscameface-to-facewithsomeofthemostfamouspeoplefromtheworldsofart,fashion,music and
stage.SelfMadewasanexhibitionofportraitsofculturaliconsfromdifferentgenerations and
backgrounds, by Scarborough-born photographer Derrick Santini.
```
## **`Coastal Ecologies: James Brunt`**
```
6th July - 1st September
```
```
AnexhibitioncreatedusingnaturalmaterialsfromthelocalcoastlinebySheffield-basedartist, James
Brunt.
```
## **`In Which Language Do We Dream?`**
```
14th September 2024 - 4th January 2025
```
```
AtouringexhibitionfromImpressionsGallery,thismulti-strandedexhibitionpresentedan intimate
perspectiveonthelivesofdisplacedpeople.ArchivalfamilyphotosrescuedfromSyriawere presented
alongsidecontemporaryphotographsbyRichWilesandtheal-Hindawifamily,aswellasan interactive
display about home life.
```
```
The Talent Inside
18th January - 3rd May 2025
```
```
AnexhibitionofnewworkscreatedbylearnersstudyingArtatHMPHumber'sNovusGRAFTStudio, inspired
by the collections at Scarborough Museums.
```
## **`John Atkinson Grimshaw: At Home in Yorkshire`**
```
15th February 2025 - August 2026
```
```
AtkinsonGrimshaw'sconnectionstoYorkshireweredisplayedbytheLeeds-bornartistincludingtwo of
Grimshaw'smoonlitLeedsscenes-'IntheGloaming'and'SilverMoonlight'-onloantousfromMercer Art
Gallery (North Yorkshire Council).
```
## **`East Coast Open and Junior Open 2025`**
```
17th May - 13th September 2025
```
```
TheOpenisacelebrationofcreativetalentbyartistslivingandworkinginNorthYorkshireandthe East
Riding of Yorkshire.
```
## **`Exhibition programme - Woodend Gallery and Studios`**
## **`Jason Wilsher-Mills: Jason Beside the Sea`**
```
14thSeptember2024-7thJanuary2025AcolourfulexplosionofJason'ssignatureprintedwallpaper and
giantinflatablesculptureswithlarger-than-lifecharacterstorevealthestoriesofJason'smemories of
childhood seaside holidays, 1970s working class experience and disability.
```
```
Page 5
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES For The Period 1 April 2024 to 31 August 2025`**
## **`A Sense of Place`**
```
Northern Expressions
18th January - 8th March 2025
```
```
'ASenseofPlace'showcasedsculpture,sound,textiles,andpigeonsbyeightnorthernartists, exploring
themesofhomeandbelonging.PartoftheNorthernExpressionsproject,itcelebratedYorkshire and
Humber talent without formal arts education, offering vibrant, uplifting works to brighten the winter season.
TheexhibitingartistswereDonnaMindart,DavidKenney,AliceKin,MiriamHemingway,EstarMay, Mouse,
Jenny Sutton, and Graham Williamson
```
## **`Nurture`**
```
21st March - 24th May 2025
```
```
CommissionedbyCrescentArts,thisexhibitionshoneaspotlightontheuntoldstoriesofmotherhood and
celebratedcareandthelivedexperienceofwhatitmeanstobeamother.Worksondisplaywere by
mothers who had not had the opportunity to display work due to their caregiving duties.
```
```
Desire Lines: Scarborough Sixth Form
27th June - 24 August 2025
```
```
WorkingwithartistMarthaCattellandCrescentArtsCuratorJoelHague,youngartistsfrom Scarborough
Sixth Form College created a new exhibition at Woodend.
```
## **`Collections`**
## **`Acquisitions`**
```
Scarborough Pride objects (after exhibition)
```
```
Wendy Galloway 'Fish Wives Tales' - displayed during the exhibition 'Displayful' at the Art Gallery
Alec Karn 'Still Life with Potatoes', 1955 oil on hardboard
Alec Karn, 'Snow', 1955 oil on hardboard
```
```
family photographs and documents related to Scarborough
```
## **`Community`**
## **`A Space to Be`**
```
Thisspacecontinuedtobeusedforcommunityengagementandtosupportthelearning programme.
CreativeHealthSessionshavebeenheldinthespaceandCulturalCollaborationsincludedworking with
ArtistJasonWilsherMillsandFitzpatrickDesign.AnewconnectionwasmadewithHealth&Adult Services
running monthly advocacy sessions for their Learning Disability Partnership Board.
```
## **`Learning`**
```
OurformalleaningprovisioncontinuedtobefundedbyArtsCouncil'sMuseumsandSchools programme.
Thenumberofpupilsvisitingthevenuesinorganisedgroupswas2621,and265studentswere reached
throughoutreachtoschoolsbythelearningteam.101primaryschoolswereengagedthroughthe formal
learning activity.
```
## **`Visitor Figures (1st April 2024 to 30th June 2025)`**
## **`Rotunda`**
```
Annual tickets (paid) - 10800
Repeat (free) - 3001
```
## **`Art Gallery`**
```
Annual tickets (paid) - 5162
Repeat (free) - 4497
```
```
Page 6
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES For The Period 1 April 2024 to 31 August 2025`**
## **`Free to both venues`**
```
Under 18s - 5826
Other free - 1821
```
```
Non-learning attendees e.g. Space 2 Be and informal activities - 948
```
## **`Woodend`**
```
Total (free) - 9221
```
## **`FUTURE PLANS`**
```
Thecharityfacedachallengingyearin2023/24whichsignificantlyreducedthecashpositionof the
charityattheyear-endandinto2024/25andthisforcedthetrusteestoconsiderthefutureoperationof the
venues.
```
```
FollowingareviewoftheoptionstheTrusteesofSMCCTagreedtoapproachNorthYorkshireCouncil about
endingtheSLA,bringingtheresponsibility,operationandmanagementoftheserviceback'in-house'. The
NorthYorkshireCouncilexecutivecommitteevotedunanimouslytoapprovetherecommendation and
requestfromSMCCTatameetingonthe18thMarch2025and,asaresult,thecharityhanded back
operational responsibility for the service to NYC on 1st July 2025.
```
```
Thetrusteesandleadershipteamarenowcommittedtoensuringasmoothhandoverprocessinthe best
interests of all stakeholders.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
ScarboroughMuseumsTrustisacharitablecompanylimitedbyguaranteeandwhichwasincorporated on
28thApril2004.ItisgovernedbyitsMemorandumandArticlesofAssociation,asamendedby special
resolutionsdated14January2005,4March2009,19May2010,29July2011,26October2012and 15
September2025andisregisteredwiththeCharityCommission.Intheeventofthecompanybeing wound
up, members are required to contribute an amount not exceeding £1 each.
```
```
AssetoutintheArticlesofAssociation,thenumberoftrusteesshallbenotlessthanthreebutno more
than fifteen.
```
```
InorderfortheTrusttobeabletotransferoveranysurplusfunds/assetsfromtheCharitytoNorth Yorkshire
Council,anamendmenttotheArticlesofAssociationunderPoint8.1ResidualAssetsneededtobe made.
Therefore, the following Special Resolution was agreed;
```
```
ThattheArticlesofAssociationoftheCompanybeandareherebyamendedbyreplacingArticle 8
(Residual Assets) with a new Article 8 (Residual Assets) to read:
```
```
IftheCharityiswoundupordissolvedandafterallitsdebtsandliabilitieshavebeensatisfied there
remainsanyproperty,itshallnotbepaidordistributedamongtheMembersbutshallbetransferred to
NorthYorkshireCouncil,tobeusedforcharitablepurposessimilartotheObjects,withtheapprovalof the
Trustees having obtained such consents from The Charity Commission that may be required.
```
## **`Recruitment and appointment of new trustees`**
```
Theboardoftrusteesareawareofthediverserangeofskills,experienceandknowledgeneededand will
seek to ensure that they are appropriately reflected on the trustee board.
```
```
Page 7
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`REPORT OF THE TRUSTEES`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Key management remuneration`**
```
Thetrusteesconsiderthattheboardalongwiththechiefexecutivecomprisethekey management
personnelofthecharityandareinchargeofdirectingandcontrolling,runningandoperatingtheTrust on
adaytodaybasis.Allthetrusteesgivetheirtimefreelyandnoneareremunerated.Detailsof expenses
reimbursed during the year are shown in the notes to the accounts.
```
```
Thepayofseniorstaffisreviewedannuallyandnormallyincreasedinaccordancewithaverage earnings.
Inviewofthenatureofthecharity,thetrusteesbenchmarkagainstpaylevelsinothersimilar organisations
intheNorthofEnglandtoensurethattheremunerationisfairandnotoutoflinewiththatgenerally paid
for similar roles.
```
## **`CESSATION OF TRADING`**
```
The charitable company ceased activities on 30 June 2025.
```
```
Approved by order of the board of trustees on 5 November 2025 and signed on its behalf by:
```
```
Mrs S A Gorham - Trustee
```
```
Page 8
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SCARBOROUGH MUSEUMS, CULTURE
```
## **`AND CREATIVE TRUST`**
## **`Independent examiner's report to the trustees of Scarborough Museums, Culture and Creative Trust ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe period
1 April 2024 to 31 August 2025.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsofthe Companies
Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5) (b)
of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody. I
canconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Mr P B Dixon FCA
```
```
Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU
```
```
5 November 2025
```
```
Page 9
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Period 1 April 2024 to 31 August 2025`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`Charitable activities`**
`4`
`Rotunda museum and art gallery`
`Investment income`
`3`
`Local authority - Service level agreement`
`5`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`6`
**`Charitable activities`**
`7`
`Rotunda museum and art gallery`
`Other`
`10`
**`Total`**
`Net gains on investments`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
`21`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`8,577`
`187,188`
`1,862`
`614,258`
`811,885`
`16,514`
`785,669`
`49,940`
`852,123`
`8,147`
`(32,091)`
`(16,156)`
`(48,247)`
`86,334`
`38,087`|`Restricted`
`funds`
`£`
`148,911`
`545`
`-`
`-`
`149,456`
`-`
`213,114`
`-`
`213,114`
`-`
`(63,658)`
`16,156`
`(47,502)`
`57,389`
`9,887`|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`157,488`
`330,835`
`187,733`
`118,911`
`1,862`
`898`
`614,258`
`469,753`
`961,341`
`920,397`
`16,514`
`22,788`
`998,783`
`1,139,511`
`49,940`
`-`
`1,065,237`
`1,162,299`
`8,147`
`5,689`
`(95,749)`
`(236,213)`
`-`
`-`
`(95,749)`
`(236,213)`
`143,723`
`379,936`
`47,974`
`143,723`|
|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 10
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`BALANCE SHEET 31 August 2025`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`15`
`Investments`
`16`
**`CURRENT ASSETS`**
`Stocks`
`17`
`Debtors`
`18`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`19`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`21`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2025`
`£`
`-`
`-`
`-`
`-`
`994`
`51,890`
`52,884`
`(4,910)`
`47,974`
`47,974`
`47,974`
`38,088`
`9,886`
`47,974`|`2024`
`£`
`52,262`
`138,007`
`190,269`
`10,721`
`17,817`
`45,984`
`74,522`
`(121,068)`
`(46,546)`
`143,723`
`143,723`
`86,334`
`57,389`
`143,723`|
|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the period ended 31 August 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe period
ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 11
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
```
BALANCE SHEET - continued
31 August 2025
```
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
5 November 2025 and were signed on its behalf by:
```
```
Mrs S A Gorham - Trustee
```
```
The notes form part of these financial statements
```
```
Page 12
```
## **`SCARBOROUGH MUSEUMS, CULTURE AND CREATIVE TRUST`**
## **`CASH FLOW STATEMENT`**
## **`For The Period 1 April 2024 to 31 August 2025`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash used in operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Sale of tangible fixed assets`
`Sale of fixed asset investments`
`Interest received`
`Net cash provided by/(used in) investing activities`
**`Change in cash and cash equivalents in`**
**`the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`(179,747)`
`(185,678)`
`(179,747)`
`(185,678)`
`-`
`(8,770)`
`37,635`
`-`
`146,156`
`-`
`1,862`
`898`
`185,653`
`(7,872)`
`5,906`
`(193,550)`
`45,984`
`239,534`
`51,890`
`45,984`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 13
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE CASH FLOW STATEMENT`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net expenditure for the reporting period (as per the Statement of`**
**`Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Gain on investments`
`Interest received`
`Impairment of subsidiary investment`
`Decrease/(increase) in stocks`
`Decrease in debtors`
`(Decrease)/increase in creditors`
**`Net cash used in operations`**|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`(95,749)`
`(236,213)`
`14,625`
`12,459`
`(8,147)`
`(5,689)`
`(1,862)`
`(898)`
`-`
`10`
`10,721`
`(2,801)`
`16,823`
`11,275`
`(116,158)`
`36,179`
`(179,747)`
`(185,678)`|
|---|---|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
|`At 1.4.24`
`Cash flow`
`At`
`£`
`£`
**`Net cash`**
`Cash at bank and in hand`
`45,984`
`5,906`
`45,984`
`5,906`
**`Total`**
`45,984`
`5,906`|`31.8.25`
`£`
`51,890`|
|---|---|
||`51,890`|
||`51,890`|
```
The notes form part of these financial statements
```
```
Page 14
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
```
```
Fordonationsandgrantstoberecognisedthecharitywillhavebeennotifiedoftheamounts and
thesettlementdateinwriting.Ifthereareconditionsattachedtothedonationorgrantand this
requiresalevelofperformancebeforeentitlementcanbeobtainedthenincomeisdeferred until
thoseconditionsarefullymetorthefulfilmentofthoseconditionsiswithinthecontrolofthe charity
and it is probable that they will be fulfilled.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Fixtures, fittings and equipment- Straight line over 10 years
Computer equipment & website- 20% on cost
```
```
Tangiblefixedassetsarestatedatcostorvaluationlessaccumulateddepreciation and
accumulatedimpairmentlosses.Costincludescostsdirectlyattributabletomakingthe asset
capable of operating as intended.
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.
```
```
Costincludesallcostsofpurchaseandiscalculatedusingthefirst-in,first-outbasis.Provision is
made for damaged, obsolete and slow-moving stock where appropriate.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundsareavailabletospendonactivitiesthatfurtheranyofthepurposesofthe charity.
Designatedfundsareunrestrictedfundsofthecharitywhichthetrusteeshavedecidedat their
discretiontosetasidetouseforaspecificpurpose.Restrictedfundsaregrantsanddonations which
thedonorhasspecifiedaretobesolelyusedforparticularareasoftheTrust'sworkorfor specific
projects being undertaken by the Trust.
```
```
continued...
```
```
Page 15
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Debtors and creditors receivable / payable within one year`**
```
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyear are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributions payable
tothecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.
```
## **`Going concern`**
```
AsmentionedintheReportoftheTrustees,thecharityfacedhasfacedaparticularly challenging
lastcoupleofyearswhichputsignificantpressureonthecashflowofthecharityandthisforced the
trustees to consider the future operation of the venues in the best interest of locals and visitors alike.
```
```
NorthYorkshireCouncilownsScarboroughArtGallery,RotundaMuseumandWoodendGallery and
Studios,alongwiththeircollectionsandthetrusteesapproachedthelocalauthoritywithaview to
them bringing operations back 'in-house' and ending the current service level agreement.
```
```
TheNorthYorkshireCouncilexecutivecommitteevotedunanimouslytoapprove the
recommendationandrequestfromSMCCTatameetingonthe18thMarch2025and,asa result,
thecharityceasedtooperateonthe30thJune2025.Thetrusteeshavethereforechosennot to
adoptthegoingconcernbasisandappropriateadjustmentshavebeenmadeinthe financial
statements.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Grants`
`Grants received, included in the above, are as follows:`
`Arts Council England`
`National Lottery Heritage Fund`
`Museum Development Yorkshire`
`North Yorkshire County Council (Now North Yorkshire Council)`
`Climate 2025 Limited`
`'Culture&'`
`Anglo American Woodsmith Limited`
`Crescent Arts`
`Arcade Arts Ltd`
`Other grants`|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`8,579`
`5,882`
`148,909`
`324,953`
`157,488`
`330,835`
`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`135,214`
`246,366`
`-`
`24,987`
`4,115`
`150`
`6,255`
`30,450`
`-`
`1,000`
`-`
`16,000`
`-`
`5,000`
`-`
`1,000`
`3,000`
`-`
`325`
`-`
`148,909`
`324,953`|
|---|---|
```
continued...
```
```
Page 16
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`For The Period 1 April 2024 to 31 August 2025`**
## **`2. DONATIONS AND LEGACIES - continued`**
```
Grants received include £148,911 (2024 - £309,846) related to restricted funds.
```
## **`3. INVESTMENT INCOME`**
|`Deposit account interest`
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Admissions`
`Rotunda museum and art gallery`
`Retail and refreshment`
`sales`
`Rotunda museum and art gallery`
`Miscellaneous income`
`Rotunda museum and art gallery`|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`1,862`
`898`
`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`81,444`
`49,076`
`33,447`
`34,724`
`72,842`
`35,111`
`187,733`
`118,911`|
|---|---|
## **`4. INCOME FROM CHARITABLE ACTIVITIES`**
## **`5. LOCAL AUTHORITY - SERVICE LEVEL AGREEMENT`**
```
Thecharityreceivedincomefromthelocalcouncilunderthetermsofaservicelevelagreement for
theoperationofthemuseumandartgalleryandthisisshownseparatelyonthefaceof the
Statement of Financial Activities.
```
## **`6. RAISING FUNDS`**
## **`Other trading activities`**
|**`Other trading activities`**|||
|---|---|---|
||`Period`||
||`1.4.24`||
||`to`|`Year ended`|
||`31.8.25`|`31.3.24`|
||`£`|`£`|
|`Purchases`|`16,514`|`22,788`|
```
continued...
```
```
Page 17
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
## **`7. CHARITABLE ACTIVITIES COSTS`**
|**`CHARITABLE ACTIVITIES COSTS`**||||
|---|---|---|---|
||`Direct`|`Support`||
||`Costs (see`|`costs (see`||
||`note 8)`|`note 9)`|`Totals`|
||`£`|`£`|`£`|
|`Rotunda museum and art gallery`|`976,909`|`21,874`|`998,783`|
## **`8. DIRECT COSTS OF CHARITABLE ACTIVITIES`**
|`Staff costs`
`Other staff costs`
`Premises`
`Supplies and services`
`Professional services`
`Grant project expenditure`
`Depreciation`
`Impairment losses`|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`552,125`
`470,395`
`7,543`
`8,684`
`92,672`
`66,335`
`164,041`
`179,521`
`8,685`
`2,300`
`137,215`
`370,423`
`14,628`
`12,437`
`-`
`10`
`976,909`
`1,110,105`|
|---|---|
```
Included in the above costs are £213,114 (2024 - £414,960) relating to restricted funds.
```
```
Staff costs include salaries and related costs incurred in relation to one-off projects and funding.
```
## **`9. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||
|---|---|---|
|||`Governance`|
|||`costs`|
|||`£`|
|`Rotunda museum and art gallery`||`21,874`|
|`Support costs, included in the above, are as follows:`|||
||`Period`||
||`1.4.24`||
||`to`|`Year ended`|
||`31.8.25`|`31.3.24`|
||`Rotunda`||
||`museum`||
||`and art`|`Total`|
||`gallery`|`activities`|
||`£`|`£`|
|`Auditors' remuneration`|`-`|`4,200`|
|`Accountancy fees`|`2,500`|`-`|
|`Legal and professional fees`|`19,374`|`25,206`|
||`21,874`|`29,406`|
```
continued...
```
```
Page 18
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
## **`10. OTHER`**
```
OtherexpenditureonthefaceoftheStatementofFinancialActivitiesrelatestothevalueof assets
thatwerepassedovertoNorthYorkshireCouncilonthe30thJune2025,followingtheagreement by
the local authority to take over the running of the attraction's from that date.
```
```
An amendmentwasmadetotheArticlesofAssociationtoallowforthesetransferstobemade and
reads as follows:
```
```
IftheCharityiswoundupordissolvedandafterallitsdebtsandliabilitieshavebeensatisfied there
remainsanyproperty,itshallnotbepaidordistributedamongtheMembersbutshallbe transferred
toNorthYorkshireCouncil,tobeusedforcharitablepurposessimilartotheObjects,with the
approvaloftheTrusteeshavingobtainedsuchconsentsfromTheCharityCommissionthatmay be
required.
```
## **`11. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||`Period`||
|---|---|---|
||`1.4.24`||
||`to`|`Year ended`|
||`31.8.25`|`31.3.24`|
||`£`|`£`|
|`Auditors' remuneration`|`-`|`4,200`|
|`Depreciation - owned assets`|`14,627`|`12,459`|
## **`12. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheperiodended31August2025nor for
the year ended 31 March 2024.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheperiodended31August2025norfortheyear ended
31 March 2024.
```
## **`13. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`Other pension costs`|`Period`
`1.4.24`
`to`
`Year ended`
`31.8.25`
`31.3.24`
`£`
`£`
`508,061`
`424,248`
`26,297`
`27,467`
`17,767`
`18,680`
`552,125`
`470,395`|
|---|---|
```
continued...
```
```
Page 19
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
## **`13. STAFF COSTS - continued`**
```
The average monthly number of employees during the period was as follows:
```
||`Period`||
|---|---|---|
||`1.4.24`||
||`to`|`Year ended`|
||`31.8.25`|`31.3.24`|
|`Charitable activities`|`19`|`21`|
```
No employees received emoluments in excess of £60,000 during the current or prior year.
```
## **`14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - PRIOR YEAR ONLY`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Rotunda museum and art gallery`
`Investment income`
`Local authority - Service level agreement`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Rotunda museum and art gallery`
**`Total`**
`Net gains on investments`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`20,989`
`118,911`
`898`
`469,753`
`610,551`
`22,788`
`724,551`
`747,339`
`5,689`
`(131,099)`
`(35,147)`
`(166,246)`
`252,580`
`86,334`|`Restricted`
`funds`
`£`
`309,846`
`-`
`-`
`-`
`309,846`
`-`
`414,960`
`414,960`
`-`
`(105,114)`
`35,147`
`(69,967)`
`127,356`
`57,389`|`Total`
`funds`
`£`
`330,835`
`118,911`
`898`
`469,753`
`920,397`
`22,788`
`1,139,511`
`1,162,299`
`5,689`
`(236,213)`
`-`
`(236,213)`
`379,936`
`143,723`|
|---|---|---|---|
```
continued...
```
```
Page 20
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
## **`15. TANGIBLE FIXED ASSETS`**
|**`15.`**|**`TANGIBLE FIXED ASSETS`**||||||
|---|---|---|---|---|---|---|
|||`Fixtures,`|||||
|||`fittings`||`Computer`|||
|||`and`||`equipment`|||
|||`equipment`||`& website`||`Totals`|
|||`£`||`£`||`£`|
||**`COST`**||||||
||`At 1 April 2024`|`134,268`||`110,704`||`244,972`|
||`Disposals`|`(134,268)`||`(110,704)`||`(244,972)`|
||`At 31 August 2025`||`-`||`-`|`-`|
||**`DEPRECIATION`**||||||
||`At 1 April 2024`|`92,781`||`99,929`||`192,710`|
||`Charge for year`|`10,015`||`4,612`||`14,627`|
||`Eliminated on disposal`|`(102,796)`||`(104,541)`||`(207,337)`|
||`At 31 August 2025`||`-`||`-`|`-`|
||**`NET BOOK VALUE`**||||||
||`At 31 August 2025`||`-`||`-`|`-`|
||`At 31 March 2024`|`41,487`||`10,775`||`52,262`|
|**`16.`**|**`FIXED ASSET INVESTMENTS`**||||||
|||||||`Unlisted`|
|||||||`investments`|
|||||||`£`|
||**`MARKET VALUE`**||||||
||`At 1 April 2024`|||||`138,007`|
||`Disposals`|||||`(146,156)`|
||`Revaluation`|||||`8,149`|
||`At 31 August 2025`|||||`-`|
||**`NET BOOK VALUE`**||||||
||`At 31 August 2025`|||||`-`|
||`At 31 March 2024`|||||`138,007`|
```
There were no investment assets outside the UK.
```
```
continued...
```
```
Page 21
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
|**`17.`**
**`STOCKS`**
`Stocks`
**`18.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments and accrued income`
**`19.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accrued expenses`
**`20.`**
**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Fixed assets`
`-`
`-`
`Investments`
`-`
`-`
`Current assets`
`42,998`
`9,886`
`Current liabilities`
`(4,910)`
`-`
`38,088`
`9,886`||`2025`
`£`
`-`
`2025`
`£`
`-`
`994`
`-`
`994`
`2025`
`£`
`36`
`-`
`1,178`
`3,696`
`4,910`
`2025`
`Total`
`funds`
`£`
`-`
`-`
`52,884`
`(4,910)`
`47,974`||
|---|---|---|---|
|||||
|||||
|||||
```
continued...
```
```
Page 22
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 1 April 2024 to 31 August 2025`**
## **`21. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Arts Council - School and Museum`
`Partnership`
`Connecting Coastal Culture`
`YorEarth Project`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
`Paul Hamlyn Foundation`
`MD North`
`Scarborough Fair`
`Scarborough Lights`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above`
**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Arts Council - School and Museum`
`Partnership`
`Connecting Coastal Culture`
`YorEarth Project`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
`Paul Hamlyn Foundation`
`MD North`
`Scarborough Fair`
`NYC - Community Conversations`
`Scarborough Lights`
**`TOTAL FUNDS`**|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Arts Council - School and Museum`
`Partnership`
`Connecting Coastal Culture`
`YorEarth Project`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
`Paul Hamlyn Foundation`
`MD North`
`Scarborough Fair`
`Scarborough Lights`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above`
**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`Arts Council - School and Museum`
`Partnership`
`Connecting Coastal Culture`
`YorEarth Project`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
`Paul Hamlyn Foundation`
`MD North`
`Scarborough Fair`
`NYC - Community Conversations`
`Scarborough Lights`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.24`
`in funds`
`£`
`£`
`86,334`
`(32,090)`
`9,299`
`(2,413)`
`25,195`
`(40,036)`
`5,895`
`(5,896)`
`-`
`(909)`
`16,000`
`(16,000)`
`1,000`
`(1,000)`
`-`
`3,000`
`-`
`(340)`
`-`
`260`
`-`
`(325)`
`57,389`
`(63,659)`
`143,723`
`(95,749)`
`are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`811,885`
`(852,122)`
`90,630`
`(93,043)`
`45,129`
`(85,165)`
`1`
`(5,897)`
`-`
`(909)`
`-`
`(16,000)`
`-`
`(1,000)`
`3,000`
`-`
`4,115`
`(4,455)`
`500`
`(240)`
`2,000`
`(2,000)`
`4,081`
`(4,406)`
`149,456`
`(213,115)`
`961,341`
`(1,065,237)`|`Transfers`
`between`
`funds`
`£`
`(16,156)`
`-`
`14,841`
`1`
`909`
`-`
`-`
`-`
`340`
`(260)`
`325`
`16,156`
`-`
`Gains and`
`losses`
`£`
`8,147`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`8,147`|`At`
`31.8.25`
`£`
`38,088`
`6,886`
`-`
`-`
`-`
`-`
`-`
`3,000`
`-`
`-`
`-`
`9,886`
`47,974`
`Movement`
`in funds`
`£`
`(32,090)`
`(2,413)`
`(40,036)`
`(5,896)`
`(909)`
`(16,000)`
`(1,000)`
`3,000`
`(340)`
`260`
`-`
`(325)`
`(63,659)`
`(95,749)`|
|---|---|---|---|---|
||||||
||||||
```
continued...
```
```
Page 23
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
```
For The Period 1 April 2024 to 31 August 2025
```
## **`21. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`The Fossil Festival`
`Arts Council - School and Museum`
`Partnership`
`The Wild Escape Scheme`
`Future Lab/What If`
`Museum Estate Development Fund`
`Connecting Coastal Culture`
`YorEarth Project`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.23`
`in funds`
`£`
`£`
`252,580`
`(131,099)`
`-`
`(5,575)`
`15,390`
`(6,091)`
`589`
`(589)`
`-`
`(63)`
`111,377`
`(138,877)`
`-`
`25,195`
`-`
`5,895`
`-`
`(2,009)`
`-`
`16,000`
`-`
`1,000`
`127,356`
`(105,114)`
`379,936`
`(236,213)`|`Transfers`
`between`
`funds`
`£`
`(35,147)`
`5,575`
`-`
`-`
`63`
`27,500`
`-`
`-`
`2,009`
`-`
`-`
`35,147`
`-`|`At`
`31.3.24`
`£`
`86,334`
`-`
`9,299`
`-`
`-`
`-`
`25,195`
`5,895`
`-`
`16,000`
`1,000`|
|---|---|---|---|
||||`57,389`|
||||`143,723`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Unrestricted funds`
**`Restricted funds`**
`The Fossil Festival`
`Arts Council - School and Museum`
`Partnership`
`The Wild Escape Scheme`
`Future Lab/What If`
`Museum Estate Development Fund`
`Connecting Coastal Culture`
`YorEarth Project`
`Research into Scarborough 400 history`
`Sensing Creativity`
`Curatorial Fellowships`
`Cuture Declares Emergency`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`610,551`
`5,000`
`68,400`
`150`
`4,983`
`128,027`
`44,956`
`9,880`
`450`
`31,000`
`16,000`
`1,000`
`309,846`
`920,397`|`Resources`
`expended`
`£`
`(747,339)`
`(10,575)`
`(74,491)`
`(739)`
`(5,046)`
`(266,904)`
`(19,761)`
`(3,985)`
`(450)`
`(33,009)`
`-`
`-`
`(414,960)`
`(1,162,299)`|`Gains and`
`losses`
`£`
`5,689`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`5,689`|`Movement`
`in funds`
`£`
`(131,099)`
`(5,575)`
`(6,091)`
`(589)`
`(63)`
`(138,877)`
`25,195`
`5,895`
`-`
`(2,009)`
`16,000`
`1,000`
`(105,114)`
`(236,213)`|
|---|---|---|---|---|
```
continued...
```
```
Page 24
```
```
SCARBOROUGH MUSEUMS, CULTURE
AND CREATIVE TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2024 to 31 August 2025
```
## **`22. RELATED PARTY DISCLOSURES`**
```
Therewerenorelatedpartytransactionsfortheperiodended31August2025orfortheyear ended
31 March 2024.
```
## **`23. COMPANY LIMITED BY GUARANTEE`**
```
Thecompanyislimitedbyguaranteeandhasnoissuedsharecapital.Everymemberof the
companyundertakestocontributetotheassetsofthecompanyintheeventofthesame being
wound up while he/she is a member, such amount as may be required not exceeding £1 each.
```
```
Page 25
```