Company Number: 05407952 THE NATIONAL MUSEUM OF COMPUTING COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2023 Charlly Number. 01109874 THE NATIONAL MUSEUM OF COMPUTING FINANCIAL STATEMENTS Contents Poge Legol ond administrotive delods Trvstees, Annual Report 2106 Independent examiners report to the members Consolidoted statement ol financial oclivities Consolidoted svmmory income ond expendilure account Consolidoled ond charity bolonce sheet Notes to Ihe Consolidated financiol statements THE NATIONAL MUSEUM OF COMPUTING LEGAL AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 2023 Re9lstered charSty nome e National Museum ol Compvting Charfty number 1109874 Company reglstrallon number Prtnclpal offlce 05407952 Block H Ble1ch￿Y Po Sherwood Drive Millon Keynes K3 6EB Reglstered office Bbck H BletchÈy Pork Sherwood Drive Mihon Keynes MK3 6E8 Trusl••s Dr A J Herbert Ichaimonl Mr K R Mulrel Prol A J CkTk Mrs R H A 8urnett MrSKoy Ms S-J Lennord Mrs R Hol Secrelory Mr5 R H A Bvmelt Museum director Ms Jocqui GaThod Glbert Hothum FCA. FCCA, DChA l Upper Btidge Street Wye Kent TN25 SAF Indèpendenl exominer THE NATIONAL MUSEUM OF COMPUTING TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2023 The Iruslees. who are olso directors for the purposes ol company I<￿. present IheÉr ￿pOrt ond the consolidoted Unaudited financial stotemenls of the group lor the yeor ended 31 March 2023. LEGAL AND ADMINISTRATIVE DETAILS Legal ond odmini5trotive deloils ol Inembers of the boord ond professionol odvi5er5 LTe4u￿On page l ol the finonciol stotemenls. THE TRUSTEES The trustees who served the compony dvring the period were 05 follows= Dr A J Herbert Ichoirmanl Mr K R Murrell Prol A J Clork MrSKay s S-J Lennard loppointed 12 Jonvory 20231 Mrs R Halls loppointed 4 September 20231 Mrs R H A Bumelt Mr J Moyo Irelired 31 hAarch 20231 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Nationol Museum ol Computing w05 incorporoted on 30 Morch 2￿5 ond registered os a Chority on 6 June 2005. Recrullment and oppolntm•nt of Iruslees The chorily Iruslee5 sholl con%sl of ol leost three and nol more thon tWe￿e individuals and one voluntary charily Twstee. In exercising their powers lo nominote. oppoint. elect, re-elect. opprove. ond dismiss trustee5, the trustees sholl hove regord to the skills. knowledge and experience needed for the effective admini5trotion of the charity. Charity InJslees are appointed for o temi of three years which may be renewed. The voluntary chijrity Trustee is oppointed for o temi ol one yeor. which moy be renewed. The board Mr Sleven Koy's oppoinlment os o volunteer chority Trustee was renewed in Jonuary 2023. MS 5aiah-Jill Lennard w05 appoinled as o Trustee on 12 Jonuory 2023. Mrs Rebecco Holls wos oppointed os a Trustee on 4 September 2023. James Moyo retired os u Trustee on 31 hAarch 2023. Rlsk manogemenl The Iruslees octivety rewew the major risks which Ihe chority faces on a regular bosis and have internal control policies ond procedures in place to provide reasonoble assuronce agoin5t moterial mi5slolement or loss. THE NATIONAL MUSEUM OF COMPUTING TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2023 OBJECTIVES, ACTIVITIES. ACHIEVEMENTS AND PERFORMANCE The Musevm The museum continues wlh ils sloted objectNe to estobW5h ond maintoin o museum in Englond ond Woles lor compuling and its history lor the benefit of Ihe public.. thereby to collect. hokj. preserve. mointoin, orronge, restore. conserve. interpfet. piotect. k¥esent ond devekjp artelacls and other moteriol reloting to computing.. lo promote Ihe Study and waclice of computing ond it5 history, and lo advance knowledge and educolion ol computing for the benefit of the publc.. to develop and susloin octivities to 5timulote interest in computing and its history- such other choritable purposes beneficiol to the public consistent wlh the objective a5 the Trvstees shall detefmine. 'Computing' includes oll matters concemed with the history and lurlheronce ol computer science ond techndogy and Ihe design and development ol computing Systems ond applicolion5,' and embroces ony l¢ym ol computing system. This wos the first year lollowng the Covid-19 pondemic thot we were a￿e to open oll yeur round ond we were pleased to see o relurn to similor visilor numbers to those we welcomed pn.or to the pandemic. Following on from the rKevious year we continved to fjmit public opening to three lo four days o week (weekends and two weekdays) lo keep the museum busy ond t1￿rebY provide o more IV￿lIrIng experience lorourvolunteer stewards and for the ¥￿ill￿S on those doys. The mvseum remained open on the remaining weekdays to support leaming visils and lor private cory)orote ￿￿tS and speciol events. With Schools now opeTOting os normal we hod o mvch increased demond for leaming doy5. ond wth mony orgonllalions 51111 enabling staff lo work remolety. we sow 0 5vnif￿an1 increose in bookirKJs for cortxyate events. We continued to svpport vwluol wesence onwne including 3D v¥tual guided lours ond onwne presentations. ond sociol medio. with greot support from volunteers. This hos ollowed us lo develop a more geogrophicolty dispersecl oudience. including virtuol visitors from overseos. In total wewelcomed 13.461 vi51tor5 to the museum on the duy5 we were open. a rise ofSO% on the previous yetsr and compaToble lo Iypicol annuol l¥Jures in the yeors before the pondemic. We h05ted over 40 corpcxote events ￿0up$ os dNer5e 0$ The Nalionol Crime Agency. The Foreign. Commonwealth ond Developmenl Ollice. Google. Cop-Gemini. Olcom and Security Awareness Special Interest Group ISASIGI alor0￿de supp(xlers such 05 Sophos. Lightning Tools ond155ured. The learning Pfogramme welcomed 8.738 Students fvom 210 schoots to the museum. o doubling ol the previou5 year's figures. Remote leoming sessions were token up by 13 schoots. A new innovation in the leaming progamme was the oddition of"DwJital Future Day5" These are themed events lo which smoller groups ol students are wekomed lo moke the programme more accessible to a wider ronge of schoo&. coleges ond communTly grovp5. Themes included Young Women in Science, technology. engineeling. ond mathemat￿5 ISTEMI. Internolionol Women in Mathemotics Day, Internolional Women in Eng*neering t)oy. AutorK)mous vehic￿ Doy ond a Gk>bol Encryption Day. Flnonces The lormol occovnts reflect the octNities in this d¥ect￿'S report. As rep(xFed obove this was the first Ivll year ol operoling lonowng on from the Covid-19 pandemic. Turnover lor the yeor rose from £386.24012021-22110 £473.073. OperotirvJ costs rose from £357.91012021- 20221 to £399.652. Overoll. the museum siw a net income of£73.42112021-2)22 £28.3301 ond o consequent rise in reserve5 from £343.30213)21-221 to £416.723. We ore grolelul to our Musevm D¥eclor and her teom lor the￿ corelul manogemenl ol operating. expenses. fund-raising octiwties ond for developirvJ new ievenue slreams to maintoin o strong finonciol pO￿tIon despite difficuh linanciol heocknnd5. We also grotelulty ockrkowledge the e55entiol ond generous suppcrt from our Spor￿0￿ ond from donors. THE NATIONAL MUSEUM OF COMPUTING TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 Flnances (conltnued) Amongst other things. this hos enOt￿ed us to fund new projects and exhibition5. develop ond susloin our Leorning Progromme, ond to orrer events lor disodvontaged ond under-represented groups. stoffing Our Museum Oireclor. Ms Jocqui Gcjrrod. hos brood responsibility lor the operatK>ns ond fund-raising ospects ol Ihe museum, supwled by our Leo¥ning Mc7nager. Storyn Roe. A new appoinlment ol Ms Aneeso Rillol as Senior Curotu ond co1￿CtiOnS Monoger took ellect in Morch 2022. a signiliconl slep lorword in Ihe yole55ionoli5Qtion ol our museum. During the year Ms Riflatt has been primoriw focused on the coleclions management aspects of her ro￿ 0$ port ol the preporotion towards Ihe museum submitting on opplicolion Icw Arts Council Englond Accreditotion. Her experience of toking her previous employer Ihrovgh this process. her prole55ional curotuial qualfications ond her personol curotoriol neh¥ork have been voluoble odditions to the museum's capalililies. There ore some remaining starring voconcies. of which Ihe Communtotions ond Event Manager post 15 the most pressing. It hos been (fiffcull to find Wilab￿ corKlidotes and we plan revisiting the ro specification and salary. Volvnleers ond Supporters The Volunteers. Associolion ond Supporters. Club eoch suppc¥t the Charity. Volunteers help wth o1105pecls ol exhibit CUfQtion. operotions. including guiding and stewarding. seNing in the Shop. mointenonce ond odminkstrotion. The association h05 approximote￿ 80 octive members. The museum would not be ab￿ to owate wthovt the support of the Volunteers ond the Trustees grolelully ocknowledge their contribution. Importantly. the charity Injstees may appoint o Volunleer Trustee to the Boord of Trustees and we ore pleosed Ihot Mr Steven Kay. one-lime chaxmon ol the Volunteers, Association. continve5 to lullil Ihot role. The Supporters, Club contributes to the museum through both o membership lee ond addilionol 5UPPOrt during lund-roising campoigns. Supporters enjoy discounted occe5s lo mvseum events and ore welcomed to club events ut which we keep them informed obout museum developments ond projects. ExhlbEllon$ The museum lounched o new exhibition. "From Fk)w￿S to fibre" in partnership with the Communicolions Trust Museum celebroting the onnwersory of the stort of the ioumey to modemile Britoin's telephone network under the engineering genius of Tommy Flowers. the mon behind Bletchley Park'5 Colossus code- breoking mochine. Storting in 1947 Flowers and Successors ol the General P051 Ollice IGPOI and Brit15h Telecom IBTI worked lor holl o century storling ￿ 1947 lo moke the e￿5*ing copper voice network a foster ond more reliuble vehicle lor the digital services we enjoy today. The exhibition lakes visltors on o jouiney through this ollen overtooked story.. from the [￿t pilots ol prototype digital exchonges lo the Fjanned notionol switch from copper lo fibre alter 2025. Colltellons With a professional Senior CUratc￿ ond Collections Monoger hoving joined in Morch 2022. we have mode significant improvemen15 to our opproach to Co1￿CtIOnS manogement A cOf￿p￿Ie review of the collections h05 been toking place in order lo ensure Ihot we ore collecting heolthiw and in line with our Cdlecting Policy. This in tum wll result in on ongoing rationolisotK)n propct ond ollow us to gap lill in areas we ore missin9 ond which ore pertinent lo Brit15h Compvting. There has been 5ignificont work done in inventorying ond doing a lull k)calion oudit items in store ond on drsploy. We ore lollowng the UK SPECTRUld museums collection 51andord procedures in this w(Kk. We hove rotionolised our joumal and magozine collection as m05t of thew ovalh]￿flty is online ond addilionalw. we hove slreomlined our acqvi5ition proce55 as we move forword. THE NATIONAL MUSEUM OF COMPUTING TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2023 Collections (contlnuèd) Volunteer svpport ond commitmenl lo comeclions monogement continued to be exceptional. incbJding the previously rep PolScy The policy of the directors s to moinloin o ￿Ve1 of reseThes that will prowde a Stab￿ bose from which to fund its lulure octivity whilst ensuring Ihot excessNe hjnds are not occvmulaled. The Iruslees ore satisfied with the cutTent suplus in unreStr￿ted funds. rep(Nled on poges 16 ond 17 of these occounts. The introduction ol new exhibits and event5 as mentioned otx)ve is expected to encouroge an increase in donolions ond the trustees feel thot the charity 15 now in o sound financKJI State. Investment Polky The tru%tee5 ore responsible for the salekeepirvJ ol oll the assets ol the charity and may invest funds as they See fil. INDEPENDENT EXAMINER Gilbert Holboum ho5 been oppoinled as independent exominer for the ensuing year. Signed by order of the trustees Trustee 11....2023 THE NATIONAL MUSEUM OF COMPUTING INDEPENDENT EXAMINERS. REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2023 I report on the occoun15 of the compony ond Ihe group lor Ihe year ended 31 March 2023. which are set out on pages 8 10 17. Respecttve rÈsponslbllMles ol Trvslees and examlner The Trustees Iwho ore also the directors of the compony for the pvrp05e5 of company lawl are responsible lor the preparation ol the occount5. The Trustees consider thot on oudil is nol required for thi5 year under section 144121 of the Charilies Act 2011 Ilhe 2011 Actl and Ihot an independent examinolion is needed. l am qualified lo undertoke the exomination by being a quolified mernber of the Institute of Chortered Accountonts in Englond and Woles. Having 50tislied myself thot the chorily is not subject to oudit under compony low and is eligible lor independent exominalion. il is my responsibility to.. examine the occounts undef section 145 01 the 2011 Act.. to follow the procedures loid down in the generol Direction5 gNen by the Charity Commission under seclion 145151 Ibl of the 2011 Act". ond to state whether porticul(Y motlers hove come to my ortention. Èosi5 of Independent examlnerfs rèport My exominotion was corTied oul in occordance with the generol Directions given by the Chority Commission. An examination include5 0 review of the accounling records kept by Ihe charity and a comporison ol the occounls presented with those records. It also includes considerotion of any unusual items OT disclosures in the account5. and seeking explanations from you os tnJstee5 concerning any such matteT5. The procedures undertoken do not provide all the evidence that would be requiTed in an oudit ond Consequent￿ no opinion 15 given as lo whether the occounls present a 'true and fair view, and the report Is limited lo those matters set out in the statement below. Independent examlnerf$ Statement In connection wilh my exominolion. no matter ho5 come to my ollention- 111 which gives me reosonoble cou5e lo believe Ihol in any moterial respect the requiremenl5'. to keep occounling records in occ¢Jdance with Section 386 ol the Companies Act 2006". and to preFxJre occounts which accryd wth the accounting record5. comply with the occounting requiremenls ol section 396 01 the Companies Act 2Q)6 ond wilh the methods and principles of Accounting ond Reporting by Chorilies.. Stolement of Recommended Proctice ISORPI opplicoble lo charities preporing their accounts in occ(xdonce wth the Finuncial Reporting Slondard appliccyble to the Uniled Kingdom ond Republic of Irejond IFRS 1021 hove not been mel-. or 121 to which. in my opinion. ottention should be drown in Order to enoble a proper understanding of the occounts to be reoched. 14 ' berl Holbourn FCA. FCCA. DChA l Upper Briclge Streel Wye Kent TN25 SAF .IlI.2023 THE NATIONAL MUSEUM OF COMPUTING CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023 Unrestrfcled Funds Ilestrlcled Fund5 Tolol Funds Total Funds 2023 2022 Note INCOME Donations 68.724 396.802 347 7.2(Kl 75.924 396.802 347 114,994 271,230 16 other Irading octivities Income from Inveslmenls TOTAL INCOME 465.873 7.200 473.073 386,240 RESOURCES EXPENDED Expenditure on raising Ivnds Expenditure on Chariloble oclivilies TOTAL RESOURCES EXPENDED 44.642 44,642 27.329 355.010 355.010 330,581 399.652 399.652 357.910 NEf INCOME FOR THE YEAR RECONCILIATION OF FUNDS Total lun¢Js brought lorward TOTAL FUNDS CARRIED FORWARD 66,221 7.200 73,421 28,330 331.385 11.917 343.302 314.972 397.600 19.117 416.723 343.302 The Consolidoted slotement of Financial Activilie5 includes oll gains and 105ses in the year. All of the above omounls relate to continuing octivilies. The notes on poges I I 10 17 form porl of Ihe5e accounls. THE NATIONAL MUSEUM OF COMPUTING CONSOLIDATED SUMMARY INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023 2023 2022 GROUP Gr05s income Non