COMPANY REGISTRATION NUMBER: 07568957 CHARrrY REGIsfRATION NUMBER: 1143235 TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMfrED BY GUARANTEE ANNUAL REPORT AND FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TULLIE David Allen Chartered Accountsnts & Stslthory Auditor Dalmar House Barras Lane Estate Dalston Carlisle CA5 7NY TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARANTEE coriTENTS Ref￿en￿ and adminlstratlve detai Ito2 ststement of Chalr of Trustees atN1 MLWn Cirert 3to5 Trustes, report (incorp)rnting I￿ strateglc aml directL¥S' rep)rt) 6t030 IndeperKlent auditoes retrfc 31to35 consolidat￿ ststement of fin￿d￿ actmves (irwJu(iINJ the IrKfft and expeThJitsJre actount) 36 to 37 con501idat￿1 balar￿e sheet 38to39 Balan￿ sheet 40to41 Cc￿s(lIdated slatement of cash I1￿¥5 42 Notes to the finandal ststeM￿ts 43to76 TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY UMrrED BY GUARANTEE REFERENCE AND ADMINisfRATIVE DEfAILS Trustees Mr A J Sm￿th CVO, Char fvtr A R Mackay, Museum Director Ms C A M D¥ Deputy Char M5RF 116 M E R￿d FctheriryhJn t Mr C J Hard9)n {re￿gr￿ 27 Fetffuary 2025) Mr C W Glover CourKalknr E Lynth (resignejj 26 July 2024) Mr P G Callaghan Ms V YrAJT¥J C￿￿[lOr A Quiltw {re5igned 26 2024} MsSJPdry Ms J Fenwick (aNxinted 25 0(tcthr 2024) Mr C Gtbs( Charfty Registratlon Number 1143235 Company Registration Number 07568957 The tharlty is irwryated in England aThJ Waks. TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMrrED BY GUARAfirEE REFERENCE AND ADMIMisfRATIVE DEfAILS (coririNUED) Registered and Principal Offi Tullie House Museum and Art Galw Trust Castle Street ca￿l￿e Audltor Davwj Ajlen Charteral N£c(Amtsnts & Ststutory A￿ltOr Dalmar House Barrds Lane Estste Dal Cadiqle G45 7NY Bankers OJmtErfarKt &Jlldlry s(￿lety Ojmtertand trh)use C(K)w Way Parkhou5e Carfisle CA3 OJF TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMrrED BY GUARANTEE srATEMErir OF CHAIR OF TRUSTEES AND MUSEUM DIRECTOR FOR THE YEAR ENDED 31 MARCH 2025 The year has S￿ Iwe wc*3ress in (kJNeriro pW tran¥Lwry￿bonal EYcgrBmme . Projert Tullie. Afttwh the museum W to t* dosed for k￿ger than tAanwY, the outrc*ne of the £5m work compkted (Phase 2) has been y￿ddY praised by Invest￿ parties, fijnders and vigtors allke. It was completed on bLty - if on time. The next amLxb'ous £7m tknse of Work (Phase 3) has r t*en ftlly fuThled arKI w(Kk will commerKe ths aubjnn. It Is already dear that the work compl&ed wlll have great Impart on tsvin obpttives of communlty engagement and flna￿la1 sustalnatilty. We Th)w ￿ve a brand-r*w ￿n￿. large rEw modem welcome spa￿, ne￿ Cadisle GOI￿ aTrJ Communty StsAlo tr4nsf0rn￿ café and museum shop. Tc%JdlY ttw ddlver ￿ visitor facilities and ￿￿perie￿e that 3 2tst cethry regional museum ￿uires. As reported last year, the rEw spaces were fiJn(l￿1 prlmarity ty ftjnds frcrfn Arts Coundl England, Town Deal and Futrjre High Streets ftjnd. In addttion, thanks to a rna￿r grant from Hlstodc EnglarKI. the iconic Gr* I Usted Gatelh)use LKilding has rrf)w been r￿Ve￿ from their Bulldings at I￿Sk Register by aldressiThJ the extgNve deterwdtion to the Intunal extemal frdbric of the building acquired by TullE in DeceJnber 2022. AJ9), the museum s twlar café was 5trSpFed ¢xrt, redeSIgr￿ arKI ￿laUnC1￿j as Café TullE followlrvj a skJntfi(3nt inveStm￿t from the UK Shar&1 Prosperity Fund *mini5tu&J by CumtertaTrJ CcMJtKII. The rEw bright and cok•urfLA knk and feel of the space has been complemented by sho¥￿￿ off sonE of the museum's test lov&1 contempordry art. Follo￿ng the full dosure of the Museum In Jawary 2024, we W&E able to partial￿ reopen In *s In July and October. Thls ena￿ed us to conUnEE (xjr tKrpJramme of temtorary exhIl￿￿C¢1S with a local, ￿giOnal ￿nphaS1s. Thls Compro￿ Carll4e Unfi￿ (Bathng Wues? and Shella Fell Ccumbedand on Canvas? exhlbtu￿s whth bro￿ht a￿jIer￿S arKI wtth the Sheila Fell exhitj'tion attrathng slgnlficant ￿tional att￿ a muth over1((ked and brillknt arbst. as part of our plans to reIntrOdu￿ ￿$it(￿S. we hekl a free weekeTrJ at the WinnlrYJ of ￿ SCI￿5, February half tem) ￿rtod. The reS[x￿ to this initsative was strwJ aIn￿t I,5￿ atte￿1¢r￿￿ with 60% of tl we surveyed 5aylTrJ that 'hadnt to TLAlle for a Img tlme, arKI a further 23% sayong that they had never be￿ to Tullle before. The trend throwhout the w*k m*rrfJ It ￿e of wr most successful half tem) kK>IK￿Y We took the decison eaty on to retaln all staff durlng the dwre [￿CK1 aTrJ to keep as many of our vdlmteer workforce as enwed as p)ssble. This irwolved worlaro on ccllecbons and trainlng cxjrammes In preparati(m for the major refvrtiishment of our firsi ftoor gaI￿ries and rEw leamlThJ Sttjd￿ In Phase 3 of Proiect Tullie. It also inthed 9JtwfjThJ the learrlng and community team In FthtlrKJ wr prcM3rammes to ddivw all of their acuvtty as outreath FYcgrdmrr*s. Afthough finanoalty d)allerwJirYJ, this ￿￿0Ved to ￿ vital dedslon In en$￿Ir￿j that we maintalned gocKI Con￿ wlth our (r)mmunities and our ablllty to adh¥e to ttE Phase 3 delNery programm& TULLIE HOUSE MUSEUM AND ART GALLERY TRiIST COMPANY LIMTtED BY GUARAPftEE ATEMENT OF CHAIR OF TRusfEES AND MUSEUM DIRECTOR FOR THE YEAR ENDED 31 MARCH 2025 (COKnNUED) In addition to our progre55 and athievern￿ts with PFk35e 2, we had a major SUC￿$$ with the anrlouncement from the Naticnal Lottery Heritsge FuThJ (NLHF) that our a￿1(atiOn to them for a £4.4m dellvery grant for Phase 3 gxcessftjl. Wth the ma))rfty of the match fundlng now secured, It means that we can progress vlth Confid&￿ tr) the next stages of delIve￿r￿j the Projert Tvllle Futureplan. Tr amount of wot* tFklt gjes into NLHF applications Is hwe. All of thls wod( Is vltsl, e5pecrally when thaliro wlth putAic fuThthrKJ, and so speDal thanks must go to all the stsff, espeaally the Propd Team, In er￿unr0 that a 9xcessful OLkcome has tEen athleved. None of this work would have been t*)sslble WItr￿ut the finandal supFK)rt and commltsnent of our princlpal funde￿ The annual manag￿t fee frc¥n CumberlarKI Cwndl allows us to care thelr historic (L)Ilecbons and conb'nue to 0￿rate the museum as a commLrntiy reS￿e arKI twrist attra(tion. The CourKil has also been committed to Ftoject Tullie, both in temis of providing a significant captal ￿tributiOn f(￿ Phase 3 and in beirvJ instrumentsl in ￿[Ing us to problem-solve some of the many challeroes we have faced vthen d￿￿ng a large ca ￿tal woJecL We are very grateful to the CourKII for thelr C￿tInued ￿Jp￿rt The CuM￿a Museum Consorfdum {()1C) compri9ThJ Tullle, LakelaTrJ Arts aThJ Wordsworth Grasmere Is agaln de16veritvJ more for our c(xnmunities and stretthiro our prcfjrammes to ensure they resw)nd to our aUdIen￿ devdowtht ￿ns. It i8 also contributlw more ￿gnIfICanttY to wr flnancJal sustainability and maknNJ sure that we (Mtinue ￿nt pr(KJress on (Dll&tion5 researth and commissioning from new arKI estsbt15h￿ artists. CorL5￿v￿ is hwely grateful to Arts CourKJI England (ACE) for ts*ir continued supw)rt as a Nati(Thl PthIK) Organisati￿. Thts NPO fi1￿ling allows us to ddiver a pycgramme of events, exhiixtions. aThY ￿ti￿ty in sutwrt of ACE'S Let's Create strategy. Along with our CMC colleagues thLs NPO fuTrJiry cvriogty, SUPF#Jts wdlbeing, thamplons volunteering aThJ aids healthy living. Chjr Inwinative Pmiett Tullie plans wlll prowde the framework for us to Ilo more of thls In future years. After the yw end in SeptemLw 2025, Tullle was awanled a grant fmm the ACE adminlstered Museum Renewal Fund of £0.6m to cover exp￿)￿lture durirKJ 2025126 and replenlsh free reserves. This grant will retum the reserves to d05e to their target leNtl aThl endI￿e T￿lIe to undertake InI￿a￿'ve$ to grow r￿￿e. TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CHAIR OF TRusfEES AND MUSEUM DIRECTOR FOR THE YEAR ENDED 31 MARCH 2025 {corirINUED) Tullle o)nUnues to do much to aix)ve its waght as a £2.5m ￿m0Ver regN)nal museum and Is nattonalty recognlsed as d¢JrKJ so. The Tullie staff have demistratèj ￿r al￿1￿ to ddlver t￿0 phases of a hIgh￿ aM￿'￿'0uS trBnsfornkiOonal WC*Jramme arKI [ry)a￿ the next phase ¥thile staylng wlthin both capital and revenue b￿gets. This Eevd of amtytion requi￿ the Tnjst to be prepared to use Its free reserves %•th dear arKI well plars for relyJildiThJ them through growng future revenue. Thls is rM)t so￿t￿t its risk5 but the Trustees are confKlert In hlghly cfflipeten¢ errfjaged and commrtted team of stsff at T￿lIe to d￿1￿ the oye obpcbves fty the museum of g￿ter future mmunity and rinthi￿ aL51ainab¢iity. MrA Chalr Mr A R Mack2y Museum Dlra TVLUE HOUSE MUSEUM AND ART GALLERY TRU COMPANY LIMITED BY GUARANTEE TRVSTEES. REPORT (INCORPORATING THE sfRATEGIC AND DIRECTORY REPORT) The Tn￿tee5, who are dlre(tors for ttE kxrpJses of c(xnpany bw, ar¢nual report together wlth the finandal statements arKI aUditt￿$ reFM)rt of thaiitstle company for the year ended 31 March 2025. The annual retM)rt serves the purFose of a TnJSt￿. reporL strategic report directors, report under company law. OBJEcmiES AND ACTIVITIES Tullie is a charltable trust estat￿iShed LKxler the of Engla￿1 a￿1 15 a company lim￿ed by guarantee. The dlrectors of the (r￿n￿nY are trE Tr￿ WIK) a￿ also members with liability limited to £10. The constitution of the company is set out in its MemrarKlum a￿1 of A55CKIati￿ dated 17 March 2011. The Tntsvs tsb￿ as Set in the Artides are: 'To athar￿ the education of the public, indud1r￿ an uTh1￿5￿ndIrQ appr8Jation of the arts, soence5 and history, without preJ"LKiice to the generalty of the foreg￿n9 throLKJh: a. The provision, operauon and maintenance of the Tullie House Mwm arKJ Art Gar￿ and consistent with this ob]"*,' any other museum or art galleryl b. The presetvab"on, conseNation ar￿ interpretstion of.. - the collectkjns managed by the Trust - natural and human heritage. the landscape and ewronmen¢' c. The carylrvj out and disswnination of ￿￿rch., Trust￿ have agreed that the purgjft of these d￿ntst￿e obJ￿ts ￿11 be gukled by our M$1￿, wr misgon and our Manifesto. Tullle's Vlslon: T￿lIe Is Cartlsle's home of ￿lture. Tullie has been a ￿tre for communlty and leamlrKJ Sin￿ 1893 when it was operEd as the ciV5 'Public Library, Museum arKi SCk￿ of Prf. We want to ￿lebrate these rTrJts aThJ represent them for 21st century audien￿$, usirwj museum'5 Spa￿ a￿1 cdlecbons to inwre indmdual and cdlecdve cwtimty, w￿lb￿'ng, a￿1 seJf-diTh&y. We wll use this hlstory and ￿gacY as a cenlre fry in5ixrdtion a5 a uTh￿'ng ccyt tLross all spa￿, programmes and within Project Tullie. This wll gNe cohww to a complloted site and make this physKal and organisational transfonrkltlon fed grouThJed, relevanL aThJ authents'G Ths Is how we will be the knrtt&it cl Calisle's ojltural Ilfe. Tullle's Mlsslon Is: 'To dellver an outstandlThJ, Indwve arnl reglient museum that is a major ￿ltural tstinatI￿ for the north, al￿ whith u5e5 its cdlecbors to WC(lu￿ a ¥¥orld dass wblic prcoramme targeted at vq4tors the t￿pIe of Cat1isle aTrJ awages a broad spthKn (rf aw11￿￿.. TULLIE HOUSE MiISEUM AND AKf GALLERY TRUST COMPANY LIMtrED BY GUARANTEE TRusfEES' REPORT (INCORPORATING THE STrATEGIC AND DIREcfoR5' REPORT) (CONTINUED) Public benefit The Trustees confirni that tW have wth ttE WUIrerr￿ts of sÈth)n 17 of the Charities Att 2011 to FkAve due regard to pU￿1C berEfit gUIdar￿ wblished by the a￿nty COMMIS￿On for Engl¥K1 and Wale& OUR MANIFESTO Tullle Is heartt￿t ( Cadisle s ajltural Hf Tull u*s colleth, ¢xJrdmmes and r￿ur￿$ to tdl storles In¥lre ￿rnI￿, 16f Tullk Is a catslyst to connect Carfisle and Cumbrta to tt We will inS￿re rntivity, engage the senses aThJ unkir¥J t￿ bulk11r￿S as part cl museum esiate. Tullle was Oten￿ by Carlwe c￿￿ali(￿ as a nwseum in 1893. In ￿ 19905 there were significant developments to Casde Street wemi5es invdwThJ new gallery Spo￿$, a restsurant, a shop. education faalities storaF. In 21)01, a further gallery, the Mil￿n1￿m Gallery, and a ro￿ntta that overtooks Carflsle Casde, were otwj. In 2011 the Millennium Galw was reopened a5 our new Roman Fr￿tter Gallery, whlch tells story of ￿ (tojpatitin of Cadisle and the border county undu the Roman Emp6re ar*J pla￿S this in a contemporary contexL In 2011 Carlisle aty cour￿11 transfeThed the man￿Jen￿t of Tdlle to a new (tharitsble trusL at whKh time the emF4oyrnent c￿tracts of TU11￿ staff wwe trar￿ferr￿1 from Qty Ccrfjnrj to the Trust. Cumberland Cwncil contlnues to kyomde a marwgement fee to TrL￿, whith is agreed on the bass of a rolling threwear business plan wepared by the TrusL A wes of 30-year legal agreements commendNJ In 2011 underpin key asp￿ of the operational and contrthl relab)nthp ttheen the Trust the City Counal. The Trust is also an Arts Counal England (A￿) National Portfc410 Organlsation {NPO) In Its ￿paCIty as lead of the Cumbria Museums cons0￿￿M. The Consorrium app16es for NPO ftjndlng on a 3 ￿ 4 yeady basls and this grant income Is (njoal for the Trust to aNe to delw Its key work with communltles, thlldren arnl y(WFYJ p￿e. tanpmxary exhibitions arKI aThJ c￿ganISatiOnal development projerts. The Trust also generates i￿ome throwh ￿ chwges to ￿ museum, thro(KJh tts retsil ouUe¢ its catering corFxyate ho9J"tslity ath"Mbes, via grants for &lucatlon proi&ts, cdlecbQr￿, conservab.on eXhI￿1]CH￿, arKI through thargeable ev￿ts. The Tnjst was Incorporat￿ on 17 Marth 2011. It L￿me a rgJi5t￿￿j tharity on 3 A￿lL￿t 2011 (tharity regi5traUon number 1143235). The charitys (4)Jett Is.. *0 advan￿ the education of the puL4lc, Ir￿lUdIng an understsThJirvJ and aFvea.ati(￿ of the arts, arx1 historf. The charity has a subsldlary tradlrKJ company. Tullie Fk)￿e Museum arKJ Art GalW Trust cfr7rtJirvJ) ￿mIted, a prlvate Ilmlted company that was irK(xkx)rated on 19 Juty 2011 (compary registrati￿ number 07710513). TULLIE HOUSE MUSEUM AND Airr GALLERY TRUST COMPANY LIMfrED BY GUARApffEE TRusfEES' REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS REPORT) (CONTINUED) The Trustees delegate day.t(Fday mawement of the dwlty to the Museum Directcy, supwrted by the other members of the Senior Leadershlp Team. TnJstee5 utilise their own skjlls, knowle&3e a￿1 experien￿ In order to * In the txst Interests of the tharity and are aThJ guided by the expe￿Se ¥Ae•¥S rrf key siakdth, subject mats and needs of the ccthmunty. The Board of Trustees The Board of is ccrfnprised of beiween 6 ￿ 15 (cunEndy 10), I￿ll￿dIng IMI (currendy rK)ne) appoinbj by CumterlarKI CourKil. Tr Trustees agree the Trusvs buS1r￿ strategy, busirE55 plans key ml￿[cal and admintstfative Fdloes. Try al￿ agree finandal and risk management p￿tC￿S and wew pthTrk1r￿. There are three Board Commlttees.. the A￿lt and ￿'sk Committ* comwslry fwr Tnst&s which oversees fina￿al rlsk and contrc45' a Development Commlttee aJmprls1￿ three Trustees W￿(h Is exam1￿￿ neN methc*Js of rai%ng Income and (k)natk)ns' and a ReMur￿￿On Nomlrk8ti(xts Commritee comprising of fcNJr Trustee5 which ew5 ttie Trust tyrth arKi Senlor Leadership Team's pay and p&f0M)an￿ and consklers Trustse Success￿ plannlro and rKNninatloN)s for rew TnJstee& There Is also a Project Tulle Board whlch o)mprlses of Trustees and memiEr5 of the SerNor Leadershlp Team find￿e5 ￿ rthition of key pather reprewtabves from CumbeslaTrJ Ccwjndl. RecNitment and appokntmwrt of Trustees Candklates for fubJre Trustees are by the Ncthlnation Commlttee whith adcyts varf(MJs search tyocesses Wiro ￿ the na￿re of pa￿O￿ar ￿011S and eXperIe￿e ￿uIred for vacant roles. The committee also has regard to the atilty of ￿ndIdateS to c(￿￿t￿rte the rewlred c￿￿mItinents reliatly a￿1 to ￿ ne8J a suitsLly dfverse and i￿ll￿Ve F4)ard that Is ￿preSen￿tIVe of the region, local communlb'es and stakd)ddws. Tnst￿ are SUb￿t to rettrement by rotstion at each Annual General Meetlng except that CumLwlarKI Cwnal has the rlght to appolnt (and remove accordiThJ to its own waCtI￿ and pl￿￿jure) tyKfy de(ted C￿l￿r5 as Trustees WIN) are not subj'ect to the same retsren￿t by rtitsti￿ prixe5s as othw indetwth)t Trustee Inductlon and tralnlng of Tntstees Newty appointejj Tnjstees are pro￿￿e￿ with a Tru#ee irmJ￿lkn p& a trfirKJ and a55cKJated training. Pay poliLy for senlor stsff The salary of Ml￿um Dirth is set the Renmlnerati(￿ Commlttee of the Board, tskiThJ account of various perfOrn￿￿e IndTrtors. Tr rununeratM)n of olJ)er senTh memtxs rf staff Is dete￿Ined by the Mltseum Dlrector In dose cmmation Trustees arKI the gUIdar￿ fr¢xn nab'onal pay ￿ales. Thdr Indiwdual pthrTnar￿e is revi￿ed a continiiNJ ba515. TULLIE HOUSE MUSEUM AND ART GALLeRY TRusr COMPANY UMrrED BY GUARANTEE TRusfEES' REPORT {INCORPORATING THE sfRATEGJC AND DIRECtORS' REPORT) {CONTINUED) PROJEcf TULUE Phase 2 - Wekome Area. Carlide Gallery, Shop and City Hall StsKlio Js well as Full Gatehouse and Café Tullie Refurbishment Proi&t Tullie is the Trusys FUtUre[￿an - a kJrKJ-tem) to transf(*Th the organisation Ma a programrne of catMtsI and (xganisatiorN41 dbarye obJectNes. 2024125 saw major progress Trmth Phase 2. The pknned r*sign of the entrance to rnte a wdcome area and promde essential wsitor facilities was commensurate a W1(￿allY significant museum In Grade I Usted buildlng. Wlth all of the furKliro for Phase 2 secured, appropriate corGents in Pla￿ arKJ fdlowng a putr￿1( ocurememt tgthr, the construction contract was awarded to local famity firTn Cubby Construction Ltd. The museum dosed to the puiAic at the erKI of December 2023 fc* a plann8J sIx-t￿ght-Mnth t￿lOd to allow ￿nir￿ed freth to WKkrtske the ext￿S1¥e tyjlld programnE. The Design Team (L)mpri5ir¥J De Matos Ryan as Ard)itect and cOntr￿t Administrator, FWP as Project Management se￿￿, pri￿ & Myer5 a5 Str￿tUral ErYJineers P3R as M&E EThJlneers contJnued to wort ￿th the in-tr￿5e Tullie Team to ensure g￿1 ityY)munication, quallty, rigour and suitable ¢￿s￿n were effethvety aptAled. Awleyard & TreH wwe awK4rt&1 iry Tullie as Qu￿lty Survey(xs. The comtAex Phase 2 project invdved major slTiP Out. denv)lOtion new buihl to create the viS￿n of a new high-PXDfile mre M5itAe entran￿ Mthy of a maA* regional museum. The intention is to improve the vi&tor i)uw and iTrve5t in comnEraal infrdstnthre to aKJ the ablllty of the Trust to come more financaally 9JStainaNe. As F*oject Tullie is pha5a. ￿ work beirvJ undertaken hwe also needs to Integrate wth the oveTrU FUtsjre￿ so items ￿ as lrft5 ￿ seajnty systems will eI￿r be installed or Upgrad￿&. One of the most chalkngirwj aspects of Phase 2 was the to rel￿￿ts ￿ ￿￿triaty substst sittin9 in the courtyard between main museum and ￿ Casve Str￿t proFerties ￿Uired in 2022 espedally for this d￿1pMent. work on substation invth￿l CumberlarNI Coundl, ￿ectrIcIty North West Umited and Tullie to woth ¥yith speciali& cOntr￿tOrS to agree and rnanage ttE transitK)n from the eyjsting slte tr) new one, some 20m away. Ajthough this was comtAeted successfv11y, rEgotia￿r￿j the legal agre￿￿ents t(x* s¥JnifTrntty loryer than txedicted Crea￿n9 a delay to t overall ￿￿0g￿MMe. The museum was a￿e to FQrtialy re0￿ in 2024 in time for the Ba*irvJ the Blues exhlbltk)n. Followiro the COM￿￿on of the cafe redesign (funded in part by the UK Shared Prosperity Fund wa Cumberland C￿il), cateriry stsff were and trained arKI the brand￿j Café T￿lIe opened fully in February 2025. The rw entran￿. welcome area and all other assrxiated works were cc*npleted after the year*Thl, in April 2025. The complete refurblshment of Grade l ￿$t￿j Gate￿￿ E￿Ilding was completed in February 2025 thar*s to a major grart fr(Mn Historic ErwJlaNI. io- TULLIE HOUSE MUSEUM AND ART GALLERY TRiIST COMPANY LIMrrED BY GUARAiifEE TRusfEES' REPORT (INCORPORATING THE sfRATEGIC AND DIREcfoRS' REPORT) (CONTINUED) Whllst fmtsiTrJ on the iMJild1r￿ w(vk ￿n9 undwtsken. the ewitive a￿1 wokt teams were also progressing the Phase 3 scheme - the fv115cale transfomiatTron of 850sqm of first lknr gall￿ spa ar*J refUr￿Sl￿t and extersmjn of a fom)er stable t￿(<* (th ass(￿ated WC bh)ck) In the 'Se(ret Gar￿, Into a leaming community st￿10. The &age 2 apF4ication to Ihe National Lottery Heritaje Fund was submttted In May 2024 a￿1 was gjccesshjlly awarded in SeptemiEr. A grant ol £4.4m towards the overall £6.PAn ddiver stage S(￿ h35 been aviard￿j ￿￿nIng that the prOj￿t can prfxeed. Phase 4, which has re£elved a fundlr¥J offer frtxn &YderlaTrJs Grthvth Deal, wlll wogress througtKJUt 2025. In totsl the Tnjst is pkinning to invest over £12m as part of the f￿ phases of the Project The Impact of suth an investment wlll be wofwrKJ and on a scde Th)t sirKe extension of the museum in I￿. ACHIEVEMENTS AND PERFORMANCE LEARNING AND COMMVNrrY ENGAGEMENT Schools Due to the partlal dosure of the mmwn the o)n5tJ￿tfi0n element of Phase 2 of Project Tullle condudes, Tullles ￿S wogramme ha5 remained (*Jtreath based this year. The team have worked hard to maintain str(ry ￿agement numbers and this effort has ￿lt￿j In 8,284 pupi15 engaglng w￿h the prf•3ramme this year - thls ￿ 150% of anr￿1 target of 5,500. income tsrget for this year has also been excee￿￿. The outreach FwtyJfdmme d0A(V￿lt of three Mary th)Ing (VlctiKkn f0s91 ¢ollert(x palaeonb)lTrJist), IActorian H(Thes arKI Industri￿ Carllsle, all develO￿d wlth Input from our Teadier Ad￿￿ry Pand. Teafv feedb* on the (Krtr&ith programme has i￿en excellen¢ with commertts 1rd￿J1￿J. a h&?￿ht0￿tsrka￿1Y￿ farthis yearl As vdl as offerfrKJ In FErsffi (rtjtreath sessons, the tsam c￿n￿l to offer digitsl ￿{vItIeS Including 40 virtual assemblies aTrJ the co-ddfvery of a vir￿1 HadTian's Wall Foojs Day del￿e￿ to over 70 sthods nat￿lty. li- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARANTEE TRusfEES' REPORT (INCORPORATING THE STRATEGIC AND DIREcfoRS' REPORT) (CONTINUED) Alongside delivery of the core workshop programffle, the team ddivued M tesp)ke projects wlth partner sthools. The first project was a Continuati￿ of work Wun In &Jmmer 2023 ¥￿th RlthmorKI Hill Sch(d in Aspatria - the team W￿(ed PUF4ls on a Sheila Fell Proj￿ that Saw the childr exploring places I(￿llY that were ImFK)rtant to the artist. The da￿ t(￿ part in a painb'ng w0￿ShOp wth local lands(/pe arb5t Marbn Evans and make the final selection of works for main Sheik Fell exhitlbon. Interpretstion in the exhibib'on 1ndL￿￿ comments fn)m the wpds, aThl a film documents'rKJ the pro￿ was alw Screen￿ in space. The secoThJ t￿lect was ddiver&J in partnuship h￿th the iThluwe arts d￿rity Prisrn, an Arts Counol EnglaThl NPO and lorostsThJing partner of Tullie. The team delivered a seTie5 of 'Dungeors & Dragons, workshops wlth pupils vAth SEND at Ihe Lakes College, Wc¥kiThJton. Activity was designd to build (Thguve 5kn115 ak￿SIde suptxxtirKJ with and larKJuage development the development of th115 SLKh as team buildiry a￿1 ￿harm)r￿￿ re91￿(￿. Famjlies Families Prryrarn￿￿ a busy year, over I0,(￿ engagements - SIgn￿CantIY exceedlr the annual target of 6,000. ITr) different aLtithes were delivered over year, with almost 4,000 engagemerts tskiThJ a5 Outreach. This IrKj￿ delrverirKJ fami￿ acttvlb.es at three very busy family roadshow events at kKal sthrx45 as part of Tullie's orwrvJ leadwship of SPAR Carliste's L￿al Cultural Education partn￿ShiP. In addition, the team del1vw￿l an outreath event at The Lanes shoppiThJ centre. A 'kWUP museum. was (reated for a week in A￿11 while the museum was ful￿ dosed - the team deltvered Congjltst￿n activities aTrJ advcw sessions f￿ Project Tullie a5 well as offering family ¢Jafts, obi&t haThllirKJ OkV*tunitTres aThJ a ￿lId yow own cardt#)ard museum wksFK)pl Over l.(KM) Msited F¥)F￿p mwm whth was gjkvlrted by 35 staff and volunteers ovff the course of the Y The drop-ln 8(1fv￿es that fom) the o)re of fam11￿ prc#Jramme ￿￿tinUed to be hlgNy popular, helplng drive fami￿ ervjagem￿t wth the musajffl and temtx)rary e￿hibl￿On programme. Thls included a time-travel themed February half tem. the annual Christmas Fw) Weekend and a very busy Otto￿r half tem) programme. (kn summer the team delNered a programme of events a5 part of the National Lottery Heritsge RJrKled 'Be Just arKI Fear Noy pather5hlp proje¢ ￿lebrat￿r¥j the history of ca￿1￿e United F(K)tball aub. As well as theffled (Taft athwties througlK)Ut the summer hlays, the team delIV￿ed a 'Festival c( Fc4)tball' at Bwnton Part wrth ￿ Cadi51e United SkKJrts Trust that saw over I.0￿ tske parL In addition to ttm's acbwty, team also (reated sen￿ry backpacks as part of Tullies cfftgoiTrJ commitment to ￿hanC1ry adivity for children with SEND. itYJuded a mixture of exhibition spedflc re9)ur￿5 aloThJside serwry olds IrKI￿lIr¥J fty toys arKI fKxse cancdli t￿adPhOnes. Young People This year the tsam (Idivered a wde range of athtles for youNJ ￿pIe, f(￿S￿ng on wellbeirrfJ, (Teative skn115 ¢knk)prrwt a￿1 buildirrfj deeper reiatiLK)thlps ￿th Tullie's ￿th parkners. Tr team ddivered 1,773 erKJagements this year - exce8thrg the tsrget of 7tK) - with a roughly even split between in house and oUtr￿h &t"vty. -12- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCORPORATING THE STRATEGIC AND DIRECTORS. REPORT) (CONTINUED) Queer Curnb￿a have i￿en a parti(thdy imFQrtant pather thls year - the team oTrdelivered events for yixmg ￿Ople throughcHJt year I￿l￿11ng a Pride, event in June, tJ)e feSttve'I￿ Ice Ba event in DecemtH and 'Put A Bonnet Onrxy in March to celebrate Sprlng EqulnoK The events were all well attended with the June Pd(k a parfaojar gxtess, welcomir¥J over 200 young Feople Into the S￿t Garden. IJW Cumbria also created'A W rail tsBil' in the communlty gallery. This was an exhlbitkn of Qjeer art frc￿n Cumbria and the Nc¥th East, wth ￿eCeS exhlbited at train stat￿5 from Whitehaven to Newcasue. The Community Galw show Ixought together all these works and Inclu(kd illustrati(￿, cdlage and phcicxjraphy, a QR c(yJe that linked audien￿ w4th the (Jjeer Cumbna dIrett￿ of local and natiorkil sukwt Servic￿ The pro)&* cekbrated the tslents and streTrJths of our divwse communttles bmth artwork (Teated prethffiinandy by emerging LGBTQ+ arb5ts. It wa5 SUPP)rted by traln Wor Ntythwn, a￿1 the kKal Community Rail Partnerships. Carli51e Key - a hcffidess charlty - ￿$0 made their rnark on our gall•les thls year a display on Border Gallerfes exploring the c05t-of4NiThJ crigs a￿fj Its Impart on ywng people. The dlsplay IrKorporated 1K)meWa￿ items fr(￿ Tullle's cdlettlon eam)arked for d15P05al aloThJside a spEcially designed wdlltkiper rn￿e from the drawlrrfjs arKI doodles done by Cat1isle Key service users duri￿ Tullided drO￿1n ses￿or￿. The team Ywng WOM￿ Up, Be￿ HIH Ccmmunity and the Aspatria Dreamscheme on a sh￿la Fdl inw.red F¥rsJect this year. 'FediryJ5 from Fells, saw team work wtth 50 young wcKnen from Aspatrfa and Cadisle to (Teate a Soundsc4￿ for the exhlb1tl￿ inspired by Fell's life, a￿1 how that c(Mn￿ts y(MJThJ women IMTrJ in CumberlaThJ today. The proje(t had a prOfoL￿d imw on the partiopants; f￿b* i￿1￿. ke a lotof wLvnen aTrlnDn&iparyw* Iswt tink) wth making tIE Soundp￿￿. Ifre 5truggledtogetmy out ttwe to feellike I'np heard orevenjust tsve Confiden￿ In njself. Beingwrtof WonFan Up n￿ke$ a differnre. Justiw in a rthyn fullofwpk W￿get 'la£wlutety Awa1iYlTrJ￿rf￿ts￿oA￿ta￿dknrnlrU￿MalvUtSt￿la FeH. hke manyof us. I'd nevereven heanlof￿t￿10￿. ItLknoht up a heariw aivutherlrfe upbni7ging. team also cdebrated Refvg￿ Week- a natlonal initiatwe to share stories and ￿letsrate refugees and people sed¢Jro asylum in UK The team workej wtth Mlna Banisagd. a self-taught Irdnian artlst, aThJ the Carllsle Cdlege ESOL dass {16-18s) to (reate a mural, C￿¢t a bug hotel, enjoy fc￿ together. In addthn to w(rtFrrfJ Carllsle col￿ge, the Team delivered these actimties as a drcp4n ev¥rt m bthalf of Ojmberlarmd C￿￿11 - 40 people attend&J activity In the S￿t Garden day. team worked with Caflisle c(1￿ &Jaln ovw the summer holldays to a Fkllday and Fc•)d (HAF) woject Y(￿ng pecyk aged 16-18 wtK) w￿e refugee5 or unacccthpanted asylum seekers eligilAe for fr￿ sctKd meal& Rnded via QJmtH[a￿I c<￿il, the group wgted '8athng tt Blues, exhI￿tiOn aThJ the s￿ Garthn at Tullie as well as h)sUr¥J two trips to Watth Tree Na￿re Reserve and B1￿k￿0)I Z(￿. 13- TULUE HOUSE MUSEUM AND ART GALLERY TRUSf COMPANY LIMITED BY GUARAKfEE TRusfEES' REPORT {INCORPORATJNG THE STIiATEGIC AND DIREcfoRY REPORT) {CONTINUED} Tullie's Arts Explc*ers for yourrfj t*cole aged 1+16 continued to flourith. This year the group had a strorvJ focLLS on exploring thar Creati￿ty identh"es, workiThJ with a numLw of bcal artosts to gain new sh'lls arKI perspecbves. Tullie's Your¥J Pry>du(Ers {16+) (x)ntinued to this year f(￿$51￿ on a gTrFthic rdKand fix tFEmsdves suptrfxting activrty wth Qjeer Cumbria. Commu Tullle s Communty prTrJramme for 24125 continLh%J to (kliver a mix of Outre￿ and in house actmty. The team dellvered 2,186 erKJagements, ach￿VIrO I￿% of the ann￿)1 target of 1,150. Tullle's group for adults with demenb"a and their carer5 -.meet Me at the m￿M._ COnttn￿ to flourlsh, wlth visits to the 'Ba(klng PJue5' a￿1 Sheila Fell exhibitions afKI a 4)erial mug(31 ap￿ran￿ by 'Rue and the R(y*ets'l Tullie's mnthty Art Group Conts'n￿1 to gmw. guest appeardrKes from local artlsts including Vega Brerthn, Bamba Gaye a￿1 Anne PAankson-Hemans. Feedback fmm this group is always tx)sib've and emtthagses the important rde TU11￿ plays in briThJiThJ re0￿ tC*￿ther, many of wkx)m experien￿ lonellness and I￿lation. Reflectsns this year indLKJal: Trnkyou lormaliry n7e ff￿$0 ￿en k7ve*. andIknk forn8nlto ne*tnAThÈh." "Lindse￿5 one wlposstrme into allthts. notconfKlentatall but1￿ ma6È lots of lovdy things forMy1￿ thatIcan lrnÈfySgyliTrpro￿Or. Thts onlytin7elhave form< andit does me a ktorg￿l." "We reJ1tyappr￿te everytlliwyouptsn foru4,' Ws aAvays a gre8tathlrd&Èxls￿5￿I hereand Me ahvays fe￿CL¥￿fortJb￿ andatlxwne.- m￿nL￿S of Tullles monthty knial History Gr￿p ￿Yed a Mtal rc4e in (￿Ve￿ng 'Bultdiry Carllsle, dig￿￿1 Int￿aCtive in the Carlisle Gallery, set to open In SprirKJ 2025. The inter￿tive is based on Tullie's vast photographic 1xA￿tion arxl ￿ this tr) irKiiwdu31 streets around the clty to track how the physical lo￿[£ of Cadisle has thaTrJed. grwp came up initial concept and co-curated the ￿ece throughxft its devdCKK[￿nt As part of the Nadonal Lottery Heritage FuThJ (NLHFI fiJn￿ Carli￿e Unitd proje£L team supported the Community S￿)rts Trust wlth thdr athwty. Thls i￿lud￿j an event for BI￿ Hlstory Month whith saw the ieam w(Kk with ￿ Carfi* un[t￿ Fwtball Club {CUFC) EDI group to h05t a breakfast event Q&A with some of the leg￿ry black F4ayers from CUFCS pasL The morniTrJ kncked off ￿th a film featurirKJ past arKI we￿t (LIFC players what Black Hlstory Month means to them, thelr mle Th￿￿$, allyship and radsm. Then three foottxallers, Dean Walling, George Oghanl and Derek Walsh, fc*med a pa￿1 arKi w￿t onto reMIni￿ alyxrt tr￿1r time at CUFC and thelr flrst Impressk)ns of call1￿e in the 80's a￿j ￿ s. ￿ shared enw)tloro1 memor￿5 and hlghlights such as going to wem￿ey, as well as the Itfe4ong fn￿X1ShOpS Wve made. 65 pwple attended the sessk)n tr￿r round the exhibib'on, pr￿npty.rrfj di￿￿51(￿. -14- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMTfED BY GUARAp¥fEE TRusfEES' REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS REPORT) {CONTINUED) In *lltlon to the mnthty in-h)use sessions, this year the team d￿1ver￿A a w iterayon of the 'Tullie on Tourf outreach woJecL Ajnded by cum1￿n￿ Council, tlis year 'Tullie on Tourf focussed on dellvertng aCtI￿ty in West Cumlxia that pr￿n0t￿l the'5 to Wdlbeing, wth a focus on adults wlth prbrlty proterted tharFthisti(s ()Je, S￿l(￿Cor￿71C aThJ dlsabilty IrMJudir¥J mental ill health). The project delivered aIn￿st 1,000 ￿agem￿lts (nearly doutAing the tsrget of 530), with a 'pop-up museum. mc%Jel at larger scale events thng most etstith. De5￿ts Cc￿Stent effort from the team, M￿ focussed se55K￿5 trr￿1r￿￿ vul￿￿ble adults at pather venues struggled to gain tracbon. Howw, ljkne who participated gave very ￿￿5Ve faback with refiections induding: 'IIaVent￿lIrtedIn over tm?Y&7￿. Have stop￿Sa￿ty Tm atthis'[afftlnow have a]Lrtter attiiL<È wilh 171gNe tta sv,. WouAIco7r b3ckagain." Thls has dwngedmy whok Ime in way. more5￿￿7/1$1￿ nxv? confk1en￿ atklan outkt fva1lmy(Tea￿ de￿re$." Extensfve evaluatlon for project was wth W baniws suth as lack of ￿sS to transport Infrastructure and a general sense that Tullie (and Carfisle) had little relevan￿ to people from West Cumbn'a Klentified. In the kiter siages of the the team tum&l tsr outreath fol￿5 back to Carlisle bthere d￿naThJ was hlgh. Thls led to tIE (lelivery of sessions at a number of care homes and assisted liMThJ facilit￿S in ts cty. as well as a Wer-t￿ partnuship pro)￿t with the Arts Coordinator at Cunthrland Infirm￿ and grwps for peo* wih Dementia Pamnson's 'B¢ Just and F¢ar Nov: CelebTrting (￿r aub and SuppLYdng Our Communlty 'Be Just Fear Noy Is a partnershlp pro￿ TullE, Qidisle United Football aub, Qrflsle Unlted Communlty Sw)rts Tru#. the Un• of Cumbria, Cumbria Archives and CUMI￿nd coul￿1, running from April 2024 arKI due to te completed in DecemLv 2025. The É117k projett, ftjnded by the NHLF arKI the partner organlsakns, aims to care for and catalogue club s archives a￿1 errspower upsknll Nr4unteers to care for thdr collect4c￿. Aknrrfjslde that was the alm to make the arthlve accesslble to a wryde range of Ftople throtsjh pulAlc awen¢ Ir￿UdIng a major co-oJr7ted exhibition at Tullie, travelling communty exhibitlons arKI instsllatior6 ￿rosS the city. An Inr￿d￿ve and eng¥Jlng events pr(NJrafflme based ￿ getbng a*ve, mentsl health, well-belw, hlstc¥y and culture ran alwsth thls, at Brunts￿ Park TLllie, as wdl as community venue The 'Backlng the Blues. exlNixtK)n ran at Tullie from 20 Juty to 10 November 2024 and was a Mbrant and momng celebration rf footh&l at CarlI￿e Uthj, highs, the lows, lthe fans, the communty and the I￿al stori&s. Through patherthip working and sharing audietKes, Tullle and Brunton Park attracted new a￿llenCeS aThJ fvged new rdaoonshlps. Communlty ￿ageM￿t w(xk prioritised acbwty veterars, yourNJ peotle at risk of Offe￿ing a￿fj Intergerwational aCti￿ty. The exhlt4Uon was fr￿lItated by a woject fuTrJ&l assts￿t art(x, vth contart ajrdted by v(Auntws frcKn the Car11sle Collective, based on from 0￿MunIty groups. A big priority was the upskllllrKJ of wjunteers. arKI thelr reS￿nse and was thenc￿￿01, golry C￿ to curate and Install ciynmunity exhlLMtions arKI irthllations IrK*per￿ across Catllsle. 15- TVLLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMThED BY GUAIiAf4TEE TRUSTEES. REPORT (JNCORPORATING THE STrATEGIC AND DIRECTORS REPORT) (coruiNUED) The'Bathng the Blues, exhitmb'on a￿1 engagement events at Tullie attrarted over I4,(￿N) vtsittxs wlth an estr'mated 7,000 rTh)re acceYAng travelliNJ exhIb￿"onS aThJ installations, whith ran up to March 2025. OrKJoing displays at Brunt￿ Park are ￿l￿g regulaty tharwl and used to engage with away fans from ￿sItIng du Behind the the archive has been asse55ed, ￿UnteerS of the Cadisle Colkntive tralned and new handbcK* collectirvj F(4icies deVel(￿d to manage the archive effethvdy. An excel￿nt rdationshlp has devdoFed the Unlversty of Cumbn"a, with sbjdents w(￿kn￿9 alongside Cadi51e Col*t"ve volunteers armj great prryre55 has been made to estat4ish a r*w I￿jaI statu5 for the archive, as has iknloguing of material a￿1 plans to dwit sorrE paw dements of the collettion at Cumbria Archive. New storage wstwTrs are t4ann8J for Bnjnton Pa￿ as are w display areas and spKe for the volunteers to in. The project offiaally eThJs on DeCeML￿ 2025 when the final reFQrt is made to the NHLF, but tl legacy is ongoing and may even result in a penTonent museum at Brunton Par EQUTfY, DIVERSTfY AND INCLUSION Equity, diversity and irKJuson {EDI) rernaSn an imFthant cffganisational plority, whlch spans systems, progrdmmlThJ, colkdlcfs staffirKJ and vdunteerirvJ and ￿sItor-faC1r￿j owations. The museums prfority protect￿ charatteri5tics ￿￿tinue to ￿ aje, ra￿, dlsaiAIIty, sexuality arKJ 50aTrecorv)mic. Int￿lly. ￿ team continued to pnoribse EDI within Proiect Tullie ￿elopm￿ts. This has induded Implementlro recommendats'ors fr(ffi the Ac￿5 Alwdit carried out last year as part of Projett TU11￿ Phase 3 wc*k Content developm￿t for the new gallery has IndLKled ￿ort￿sIr¥j dIV￿ voi and ernsuring eqUita￿e access within 1ntUwets￿ pknnirKJ. As part of our ongoirvJ work Anti-Ra¢Jst Cumbria arNI cdleagLES in the Cumbria Museum Consortium, the Senior Leadership Team cOrn￿et￿ an a￿lIt a(T055 the areas of leadershlp and rnanagement; trusteeship and 9)verrkin￿. collectif￿5 arwj exhibitions; staff ar￿ volUnte￿S and learning arKi educati￿ thr￿gh an anti-roast lens. Thls will lead to I￿ deVelO￿ent of an Anb'.RAcist Action Han In 2025126. Our Communty Board contlnues to fk)urish and a fantsstlc representstion of the diversity of Carfl￿e. The Board have exparKknI thls year played a key role in the creative development of Prn)Ject Tullie. ENVIRONMeKrAL the past year, Tullle has made slgnffir3nt strldes In athian(ing i)ur en￿roM￿nts1 aTh susts1na￿l1ty goals. Key developil￿ts IndLbJe.' Strategy DevelopM￿t. We partnered with 3Adapt to kwrxlu￿ a CoMp￿hen$Tve new sustainaix'llty strategy and acb'on klan, 5ettiry a dear (Irection wr [￿Ure thrts. This ￿an will be put into place from Apn'l 2025. 16- TULLIE HOUSE MUSEUM AND ART GALLERY TRIIST COMPANY LIMrrED BY GUARAIITEE TRusfEES' REPORT (INCORPORATING THE STRATEGIC AND DIRECTORS, REPORT) (CONTINUED) • Capital Readlness: TLAlie was acceptd onto Capital Readlw Ftryramme, along with e6ght other Cultur￿ cryanisations. to t*come a rrN)re Susts1na￿e Organisati￿t. This owogramme wlll support us wtth any future f￿jIng a￿1Ca￿.0nS Ilnked to (xjr sustsinatility efforts and (3pitsl devd0p￿1ts. • ProJe¢t Tullie Improvanents: A milestone was the Installation of an alr source ￿t wmp, enhancing the effioerKy of f￿libe5. . Oyational c?Mn￿ retall teams are an(yea￿r￿￿ swdng from Ic(al gJPFllers, redL￿1r￿j enVIr￿ental IM￿ and gJPPDrting the ￿K)nO1 eccrK*ny. Addttjonallyi we have Introduc&J Improved rerydirrfj processes, Sw1td￿d stHifi(ztion of re￿datIe takeaway cups, and a￿ US1r￿ more sustalnable materlals throwlKKrt our oEEratio • Team Commltment ()x lrtemd Envtronmentrl o)nlJnues to meet n￿rthty to nN)nltor progress and drlve initiatives fornaftl. Communications and Messaglng le thwe is silll rcom to grow, we￿e made wKJre55 In ccrfnrwntsts'ng wr sustalnability work We a￿ now more regularly tharitYJ uwlates on s(Kial medla a￿1 other d)anneis, ￿l￿ng to ralse awareness of the txjsltfve steps y￿.￿ takir¥J. Areas for Improvement Looknng ahead, a key pricth Is to improve our en￿ronmental data gatherlrvJ and analysls. Estsbli5hing robust basdlne data arKI rrthniruftA metrics wlll be e$￿tial to measure Fyojress and Info￿ futtjre declslcTrmaknrYJ. We remain comnlttd to COn￿￿)￿S aTrJ ap￿￿Jate the swptxIrt of Tnjstees In hel￿￿j TLdlle brn a leader In $￿Inal￿e ￿￿tice wlthln the cdturdl sth. WORKING IN PARThERSHIP The impart and reath that Tullle is only wwble thanks to the wpp(rt arK1 commltment of a wide range of Inspiri￿ and misslon-aligned organisation& T￿se pather5hlps asslst us to ddiver our Manifesto and play a ￿trI rik in helFrfng athSeve our iwln prioritEs rf finanaal 9j5tslna￿l1ty and communlty engag￿nL Cumberland COU￿11 s to TU11￿ remairs stroThJ, wjth the Cmil rttogni&rKJ the rde the museum Flays In ddiverfng a broad rarrfJe of community. &lucatirAsal a￿1 ￿r￿1C Tullie's outreach programme has been partiojlarty r￿￿nt this year. With m￿h of the mu*urn stte dosed for Projert Tullle i￿NId1r￿j worK stsff V•tre r&JetW to rTh)re communty Ixrtr&4th. especially in the culturally dew'ved areas of West Cumbria, thus SUFP)rtirKJ the Counal's key objectlves to delfver excdlent health arKI well1￿1[￿j pmwwn. The rdatK)nship & Symb￿￿C syith the CouThil wantlng to be able to promde more oppyturlties oJlture4d aynmunty errfjwent and Tullie, as our Manifesto ststes, wantlng to'meAn more to nKWE peo*'. -17- TULLIE HOUSE MUSEUM AND ART GALLERY TRIIST COMPANY LIMITED BY GUARANTEE TRusfEES REPORT (INCORPORATING THE sfRATEGIC AND DIRECTORS, REPORT) (CONTINUED} Tullle cOn￿n￿S to provide ihe largest leamirrfj prryjramme in Cuml*ia, worklng with more sthools than any other museum or ajltural att￿"On (you can read more atK)ut this else¥*he￿ in thls ￿port). Less ob￿0U5 is the role TullE [￿ayS in deJiveriThJ a strorwj vlsitor economy In and amund Carlisle - another importsnt strand of CumiEdand Counol s strategic plan. Work uThJertaken as part of Projert Tullle shows that the visitir¥J drive time is Oft￿ in exce55 of 90 minutes wlth a regular ￿hort of vi%tors comirvj from the North Eas¢ South West knttand Lancashire, *￿lIa Fdl exhlbltlon gained nats'onal attention armj attrarted Msitors {malo"NJ a s￿riC pikjrimage to see the 5how} fn)m London, Comwall and even the RepuNbc of treland - with the right offer the right promotlon, Tullle can be and often is, a major tourist dTrw. Tr PrO￿t Tullle developments vthll rdnforce and ac￿lerate Tullle as Me of the Th)fth's premier visthr attracti￿. A5 the lead of Cumbria Museum c(￿sortiUrn (CMQ, in a partnership wtth Wonlsworth Grasmere and Lakela[￿ Arts. Tullie is gratefijl to Arts Cwnal Er¥Jland (ACE) for their ongoing belief and C(￿mItMent in the work that the three organisations are kYC*JuaThJ. The investment that we receive from telrKJ a memt*r of A￿,5 National Portfdio is IXKial in allowiThJ all three museums to deliver an outstandbng ojltural offer. Wnllst the c￿e fuThYir¥J prw(kd Cuml￿and cour￿11 allows the museum to care for and maintsin the Collectior￿ and allow for e55ential vi￿tOr fadIl￿e5, the ACE funding helps to deliver the leaming, community ￿gernen( the exhitM'b"ons programme and crucialty, provides us with the opportuntty to te able to eyrimen¢ ty initiatjves and tske rtsks with the way in whith we pr￿ramme cuknral ￿l￿ty. We loc* forward to wothng with A￿ more OV￿ the current exten(kd pwi(Kl of NPO lnve5t1r￿L on trE work of CMC can be found elsewhere In thls reporL Both Cumiwknd C(MJfKal and ACE arp heavity ir)vesbJ In Phase 2 IA Project Tullle, wtth A managing on behaff of HM Govemment, the É2m InVeSt￿t committ8J In 2022 a￿1 CUMt￿rIa￿1, being the owners of the majonty of the free￿￿d tHrYJ devd￿d wortrirKJ dosety with the Tullie Project Team on proFety matters. This, ￿ again. deJnonstrates that MU￿-faceted, shared mlssion focused worknng delfvers regjlts and wll be uitical to (xvJ(MrvJ successful regeneration of Tullie goirvJ forward. We are very gratefijl for the suP￿rt aThY commitrnent to Ix)th of our prfndpal parkners. Leadwship is provided to ￿der awnty-wlde museum ecoIC￿ via CMC and its relab'onthlp vAth Museum Devdopmemt North (MDN) and the Cumbria Museun tJr8lors Group (CMDG). Both of these partrErships focus on SUPFortiThJ the 20+ smallw museums in Cumbria, from Keswid( Museum to Kendal Museum and from Museum to the Beacon. MDN, a formal paTtsship of the fomier North West, North East a￿1 Yorkshire museum develo￿nt areas is reccfvJnised by ACE a5 an Investsnent PrIn(A￿e$ Supp)rt Organisation (IPSO) whith means tlkHt gmilar to an NPO, It recdves finanoal SUNKMt fr(Mn ACE. MDN thetaiSs wlth QIDG arKI is d￿1r￿1 by orE of the CMC Directors. TVLLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARArifEE TRUSTEES, REPORT (INCORPORATING THE sfRATEGIC AND DIREcfoRS' REPORT) (CONTINUED) FUNDED COLLE￿0115 PROJEcrs 'DtrTabooing Disposal In Reglonal Museum Ak)ngYde wr Cwnbrfa Museum Conwvum kxirtnus LakdaTrJ Arts, T￿be was awarded a grant of £90,000 from the John Ellerman FouThJab'on receved in two parts ovtr 2023 aTrJ 2025 financLal years to dtrtat¥)o museum dlsposals across the two museums. The pn'Thipal aim of the [￿jett Is to review refine Tullle's s(MJal histcry and costume cdWicKts. by deaccessiotlng obJ&ts whi(h no longer proFct is rM)w In Its secryKI arKJ finl year, ¥*hKh Is fcoJs8J on rdK)mlTrJ obJetts wNch have undergone the forn￿1 deaccessoning proces& This InVc￿& an Initial proposal from the John Ellemian Projert Ass5tsnt to Tullie's Cc4lectlons D￿t￿lt Pa￿1, o)nsideratAon of a batch of dlsposals by Tullie's Senk)r Leadexthlp Team aThl firkiny offidal perni1￿On to dlspM)se frc CwnbedarKI Counal. In terms of quanules, ￿ most Fopular deslination of obfrcts whKh have left the collecknn has been Tullle s own Leaming and Engbjement Handllng Cdle(tion. Many of items b￿n in thls team SIn￿ the 1990s, so the formal irnnsfer has been a rertarding cKrtC￿ne as we know the Ob￿Cts wlll be ￿lI40Ved and entrd by and communty groups. Tr other maln destinatv)n has t*en creaUve rEuse. The thange in the Museum As9xaation's dist￿LS guidèr￿ In 2023 means thls Is now an encourd9￿ opts'on aThJ has (Teated cwortunitie5 Obi￿ts lthat woutd Iwe trEen I prfortty for acquis[ti(￿ from othu axredited museuns. For examFAe, a seiecOon of poor condition textiles Obj￿ has teen rthomed wth Tullie Texitles communlty 9￿p for use in art projetts, and a variety of s(thl htsw costume It￿n5 have with the Ic(al amateur theatrfcal society. The other a9Xt of the project Is to'd+latxx>' Ili5￿￿01$, by encryJraglrvJ our colleagues ￿rosS the muwm sector to feel eM[w￿ to undwtske similar CCI￿OnS rationa115ati￿ projects. The Jthn Ellerrftan Project ￿￿Stant has w(thd with the Human History Curator to present at 'Ce￿bratIng Museums, and TransfiKming Cdkniv)ns' Events with Museum Devejopment Noth a￿1 as part of the 'ChevAw the Cud, tslk serie5 wth the Rural Museums Network An artide extAorfng the w)kt and Its Impact appeared in the SwirKJ ojltion of the Scwial Hisw Curators Gr￿Jp Joumal.. Closer to ￿Me, the project team also host8J a sector sup[￿ Se￿On wlth dist￿lS Jenny DU￿n¢ whlch was attended by a variaT of museums aT055 Cumbrta. The uwomlng final n￿nthS of the WIN Invclve tthJiThJ hazards wlthln the collection tt)at requlre prn)fe5Slc￿aI dlsposal. Tr team Fwve been wor*irKJ on a l(N)g-li5t of obpcts ¥thich C￿1n hazards th as asbestos that ￿n{kr thwn inappropriate ft* ¢Yea￿Ve reuse a￿1 a low prlortty for acqulsltton from Ot￿ accredlted museums. ￿ removal of ttems will faalltate Tullle's SU￿$$ th ￿der organisatlonal W1￿7￿.e$, s￿￿ as the U￿¥Tryng PPk3se 3 (rf Fro￿t Tl￿1￿ whlch will invthe a fyll decant of the maln (dI￿]0n sto EXHIBMONS Thls year exhiENtion vistor were Imparted iry Parval ￿te dosures as part of the oThJcing constnjction ￿ Phase 2 of Prokt Tu11￿. Howw, prOgrarnrr￿ was as dynamlc, dlverse and h1￿UalIty as ever wlth ¢yJtstsndiry fee¢1￿ -19- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARAtirEE TRusfEES' REPORT (INCORPORATING THE sfRATEGJC AND DJRECTORY REPORT) (CONTINUED) 'Backlng the Blues: Celebntlng 120 Years of Carllsle Unlted. _ 20 July - November 10 2024 This exhibition was Part of the l+lT￿th NLHF supported proFtt 'Be Just arKI Fear Noy. The exhlbltlon was co-ojrated by the Cadisle unit￿ Collethve, a SFEcially recruited team of vdunteers wF¥) worked closely with the parknership team to deVd￿ and deliver the exhibition. The exhi&¥tion celebrdted legary and exutiiYJ future of dub, al￿ indud8J rare mem(*abilla from CUFC fans, preViou￿Y unseen photos fr(xn the 'CumI￿rIand News. 0￿1￿￿0n. wi[￿ the s￿S cine film from the 1960s-1gdOs, loans from Naljonal Football Museum and even a CUFC themed wedding dress! 7,571 vlsitors came to the exhibition at Tullie wth a further 45,CKIO visitirKJ the poFup tow. 'Shella Fell: Cumberfand on Canvas,. 20 November 2024- 14 Marth 2025 Sheila Fell was (ffte of Cumbria'5 and, I￿e&l, ￿ 20th nTh)5t significant artists. Champior)ed by L.S. Lowry, her expressionist landscapes sfM)w8J her nth.ve CUmt￿and twond the pastoral and picturesque. Athough she Ilved her adult life in L(¥Kh)n, Ojmbria was her birthpla￿ a￿1 a5 her in5pirdtion througtrK)Ut Iv caw. 's￿la Fell.. c￿m￿al￿ on Canvas, was the first mafr* retrosk*th"ve of Fell's WO￿ in over thiity years. Tr exhibition ixwht t(MJether ILK) y￿r￿S from prtvate arx1 putllc coll&liorts across the country from the likes of Tate. National Portrait Gallery, Royal A(2damy, and many of those mLKh doser to home. The exhllytK￿ was curated by Ueanor arKI Andrem Bradley, who putgJsh&1 a comprehenslve Catal￿Ue rdiY)nrE of Fdl's work in gxing 2025. The exhlbotlon e*ored cum1￿and as Fell's s￿rCe ￿ artistic irqJratOon, d)ildhocrfd in Aspatria, her a￿stIC development at Cadisle of Art (then l(x3ted within Tullle H(NJse) followed by St. Mortin'5 Sthcol of Art, Fell's recr4nition as an imwtant female her rdètionships and her legacy. In addition to Fells worf<, the exhikn'ticn IrKI￿ an interview with LcKd Melvyn Bragg, alorng￿de a thort d(￿UMentsry on Fdl he made BBC in 1963. ReturnirYJ to Aspatria, Fell's ￿￿ of I￿rth, the exhib￿.(￿ also featured arti5￿C responses and exhibition int￿ret￿￿On from Richrr￿d Hill Primary Sd￿4 puimls, as well as spoken word contrfbutiorts from Beacon Hill SecorKiary thents afKI Your¥J Woman Up members. c￿er 10,IY]D people visited exhibtb'on, whith was wewed by ￿ninent art historian Frnn Spaldiro on Radio 4's 'Front RO￿ prcOraM￿. Visitor feedback was eX￿pti￿1, with ccmments indudiThJ'. Stunrniyl Jtre dJa￿MyM1lk￿." An accompanyiru eXh¢￿tiOn catalcrfJue 9)Id over 1,4D) copies a￿1 the exhilition ha5 Sin￿ toured to Sunder1and Museum & Winter Gardens. The exhitrAb'on at TullE was fU￿led by ￿ Weston Loan Programme wlth Art Fund and the Granada F(NMdation. 20- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMThED BY GUARApifEE TRUSTEES, REPORT {INCORPORATING THE sfRATEGIC AND DIRE￿oRs. REPORT) (CONTINUED) RESEARCH The thllecbons at Tullie have o)ntn"bu￿l tr) researth of several MA and PhD carKlidates In the past year.. . As part of her PhD at the Universty of Gtssgow, Kats'e Mcaure spent three mnths worlang with t Fir￿ and Decorative Art Collecti¢￿ as part of TrailUaziry Textile5: Morton 9Jndour Fabrits and Edlnburgh Weavers,. The project had several key aims, all of which it achieved.. to improve the storage of the ￿jeCts, to digSb"se the all￿tiOn, to improve lJ)e quality arKI consistency of its documentstion and to improve the searthatilty of the ccllection on Tullie's Collecbons Management SO￿are. Thanks to this the entirety of collethon has tEen re￿USed in suitatAe arthival Mate￿alS, comprehwNvdy 0talcvjL￿d aTrl is Th)w ￿Ces￿ble researchers. • A Selecti￿ of obFtts from the museum's musical instrument cdlecbon were examlned as part of the first ever oryanological study of Bonler pl￿, a type of bagpiFt popular 1730 and 1830. The PhD is led by Queen s University Belfast wtth AJptx)rt the Nothem Bridge cons0￿UM, this projett involved using innovatNe techniques to measure the intaior of Tullie pipes, with a vlew to recreating museum obJe(ts through 3D printiTrJ. A portralt of the ar￿st Wintfr&l Nithf9)n, kn knwi as Winrfreil Roberts, by Eleanor Fortescue-Brickdale was studied by an l*tA sttjthnt at the ￿thnne, Paris, with a focus on the use of glassware In Fortescue-Brickdales Addrtional research proJ&ts irKI￿e. • Tullie's ￿ld1r￿S of work by Pre-Raphadite Sir E(hvard Bume-jcw were reseathed as part of the BurrE-jO￿ catalcoue raisonr* proJ￿L Ths Infc￿ats.0n Is made accessble on their projett webslte, Induding repr(KI￿tIonS of Tullie's arts¥orks to encourage further researth. • A VikirvJ wnic disc f￿nd at Cumwhltt(￿ was exami￿ as part of the Internation￿ Runes project by the Lower Saxonian Academy of SaerKE5 and Humanities, based in Germany. . A Roman wc(thi tsbella ansata pand fwrKI at A￿1 Street was exarrina by archa￿￿[}41$ts from Wardell AM)Str￿ a5 part of a comparative St￿￿Y ￿ a similar example fcwjnd In the NethedaThJs. . Tullie's holdirrfjs of vari(xJs ar(hae(AogK31 obptts from Cywus have been i￿luded in a monograph mappiThJ a comprehen9ve history of Cypriot antiquitj.es in UK museums, led by the Unlversity of London. • A to study Tullie's Rgjency dothiThJ was uTrJertaken by a researthu from the Northem S(h￿l of Art, HarUewx)I, wth a viert to resea￿hing methods arKI prc*Judng replica garments. . Tullle hosted a 51udent placement as part of our oThJ￿ng relatiMship with our Intemational research partner, the Sapienza Institute in Rome. Thls year the fcths was on complth.ng the catsl(xJuing of pottery fragments found at the Roman fort of Bewcasth, in Ord￿ to collate a (x>mplete picture and thereby identify future research optM)rtunitie& ljyo months, the researther examined neady all of Tullie's ksldir¥Js of local an(i imported (￿r5e￿are frNJThJ across the BthYcasUe site. -21- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY UMrrED BY GUAIiANTEE TRUSTEES. REPORT (INCORPORATING THE sfRAIEGIC AND DIREcfoRS' REPORT) (CONTINUED) FUTURE PLANS AND OBJEcfIvES P￿ljett Tdlie will remain the fccus of Trusys wcrt over ihe fve or more years. This huge ambltious and successfij wogramme of trarsfomiation - t￿*th In temis of cat4ts1 d￿￿0pment aThJ organisational charye will ￿ TLdlie become a world class cullural organisat'on. 2025126 ￿11 see Condu￿On of Phase 2 the OJnm￿￿t of 3, ¥thlth Is now fulty funded and has r￿1Ved Pemiission to &art frrmn National ￿Ttsge Lottery FurKI as lead Investor. The next 12 rTh)nths wlll also see us escalate our fundraI￿￿j so that we can secure the required match fU￿1￿j for F)hase 4 and the wot* required to develop the Casve Street prope￿"eS acqulred by the Tnjst in D￿mber 2022. Desfft our Ilmlted rescmjrces, we c0nttn￿ to manage all of (Mjr fvndraisirwJ intrK)use and supprt of an excd1￿* Board of Tr￿. Our ong¢Jing partnership with Cumbedand C(MJnal is fUnda￿nts1 to the ddiv8y of Project Tdlie aTh our ability to support the Couwl's (Drtrf)rate priorities, es￿iallY those relatiro to health a￿1 wellbeiry and pr￿mo￿ng. We have maknThJ sorre ggnthcant Stride5 espeoalW in relation to strategy development and worknrrfJ with depart￿ts of the c￿]1 th as Children s Seryices to vide opwrtunities for vulnerable (hikJren living in care. In tern￿ of pla￿makJThJ, Tullle Is a key partw in ￿ cl the kYcp)sed Arts COU￿11 England Fla Partnership fundiro applicatN)ns, whith If SLKce5thrf. will accelerate a￿lIty to Use ojltural activity to make Cadisle aTrJ the wkler Cumberfand CcMJnol a more thiiwng Pla￿ communtties, ￿SItOrS and businesses. Unkgj to of the Fla￿ Pathershlp proFosals Is Great &)rder aty (GBC) InitlaUve, of whith Tullle is a member of the SteellrNJ Gmup. The GBC is the name of a Busir Improvement Distritt (BID) prow)sal. whith aims to balk)t local fims in Carlisle on whether they want to support the Introd￿1)0￿ of an inrnse in bugw rates to (Teate a furKI whith I￿11 Fro￿7de acti￿ty and e￿ts aimed at among othw thir¥Js. inoTeayng oty centre footfall. T￿lIe sees thts prokx)sal as vital to the econo￿￿C and social vltslty of aty ts fitThly backiro the initiative whlch wlll develop throughout 2025126. r the next 12 months. Tullle will with ots cultural ￿ganISa￿onS across the county to develop a manifesto for culture in Fwrab"on for the protx)sal Comtined Mayoral Authority for Cumbria. We rimi￿ trdieve that ajlture ne8J5 to at the heart of of any ne*Y aUthc*ity and so will be lobbyiThJ wosFects've candidates to ensure that this messèje Is understwj. We have made good start by ensuriro that the Cumbria Museum consorts.um (whith of course straddles Ihe wlK)le cwnty) ha5 a presen￿ in the newty publi5W EcorM)mK Strategy Cumbria. CUMBRIA BIODIVERsrrY DATA CEl￿RE (CBDC) Throughout 2024, CBDC IN3s ccthnLEd to te active in cc41ating, maroging aThJ distributirrfj tyodiver%ty and geodiversty dats to users across U)e county to lkn infom en￿ronMental dedslon ma￿ng. Wothng dosely wlth the reCordi￿j LommuThty. CBDC surpassed three milllon species records In eady 2025 with year to the of Marth 2025 yielding mfft dats than any other annual total. This contil￿te$ 5ignificanty to establishirrfj a bic(iiversty base11￿ f￿ Cumbria for fLthre moritoring ar¥J assessrwiL -22- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMrrED BY GUARAKfEE TRUSTEES. REPORT (INCORPORATING THE sfRATEGIC AND DIRECTORS. REPORT) (coirrINUED) The c￿mbria County Wldllfe Sétes Proje¢ a C￿lab￿atOon Cumbria Wildlrfe Tnjst and CBD coM￿eted its flrst year after an Interyal of more than 15 years. A team was re(JiJlted, wtth tsvo eld offi￿r5 based at CBDC with resporfjl￿.1ty for suwThJ a minimum of ICK) sites per year. team achieved this aim, estst4ishiry a robust survewng rnethcth￿, deVelo￿n9 dats collafjon approaches and re.e5taNlshiThJ ts ¢￿ty-WIde &te Selethon Pand to assess the resulting suNey reports. Tr surveys wrll determirE coThlition of W haLy"tsts atross the cwnty and infom )w they can be ktter man&Jed in the future to meet ￿ulatOry requirements SLKth as 30try30 (the g)vemmenYs commlknent to pro￿ 30% of larKI arKI sea by 2030). Work contlnued wlth WestsTh)rland and ￿JMesS Cwn(il ￿ the (kndopmert of the Cumbrta Local Nature Recovery Strategy (LNRS), (Teatiry ￿ ststutry maps to Kcompany strategy and providing bi(xliwsty dats to ￿ COur￿J1 team. With the fina publlcation of ￿ straty In late 2025, CBDC will thereafter w￿k dosdy with the Cumbria Local Nature Part)&ship to monltor ddlvery of the strategy. CBDC has w(thJJ d05dy wlth ots parts￿[5 thr(xMJh a rdNJe of arn1￿id￿lI proiecL5 i￿ll*￿1r￿j lookjng at green flnan￿ cWons for the ￿aY salt marshes arKJ moddlirg dists1t￿tion pattems of the Invasve rK￿-nat6ve Amef6can Mink CBDC also continued to maintsin and ¢Jevdop the Cumbn'a Biodlverslty EVIden￿ Base whth is Sup￿le￿ to a rdrye of partws, i￿lUdI1￿j Ihe local authorftles and natlonal parks, trj Infom all bicKliver5ity-rdated actimty. A major role for CBDC is in Inf￿MI￿j g￿￿1 pr￿tICe in wldlife recordlro. Thls tskes pl&e through range of er￿gernent aTKI outreaol aCtiV￿e5 I￿1￿J1￿j tslks to l¢xal groups, parttapabon in 'blobll ew)ts, and organi5iTrJ a series of recordirwj day5 e￿h year to briNJ establish￿1 and rew record￿5 together. This wc*k increased in 2025 wrth the ￿10t of'cumbria Wild Watth,. Ths Cowt Is Sntend8J to be an annual even¢ takn'ng F4ace durfng weekerxl in June and aimed at ralsing the profile of wildllfe recordirKJ across Cumbrha to enfJJufa9e fTK)re FEople to teconE reguL4r rÉrorder5. Worknng wlth Cumbda Devdopmwt Educati(M) ￿tre, the txkjt Cumtlia Wfld Wat(h ¢xganised resource5 and workshop f¢Y sdK)(AsA yourvJ twle and other (c￿M￿nity groups to enctyJThJe them to parucipate In the evenL c￿er 2,OtKI a(kiibonal r￿)rdS were obtalned iilot ev￿￿ a￿1 the intention Is to devdop tFt event furt￿ in future years as the main ￿Dc public ￿gen￿￿t event. Excellent media coverage was obtai￿, Indu￿on In ktal t￿e￿Slon news pr(MJrdmmiThJ. CO￿ to athvitles are Ihe re£ordlTrJ comm￿ty help to prixnote rttordiThJ a5 wdl as generate t￿Sa￿ts of vthldlffe records every year. CBDC organises the Cumbria Recordws. confer￿￿ every winter to recorders ttyettw tt) (Eletrate tsr wor* and how it is used by d￿er￿* organlsatlons to inforni nattjre rexDvery ruoss the county. The last ￿ confererw have seen Ihe b￿ge& audlerKES In CBDC hits arKI have l&id to r￿dI1￿j acW ￿ro$S CumtrKia. Towards lthe erKI of 2024, CBDC appli￿ to ￿ Royal C￿ty￿de FuThd an award to help develop practlcal tralning programrrEs for a num1￿ of active recordlro Commun[t￿ in the county. The appll(%tion was succe55fv1 arKJ the prcgTrmme wll te deve￿￿ deliver￿1 to three communlues in 2025 arKI 2026. TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMrrED BY GUARANTEE TRUSTEES. REPORT (INCORPORATING THE STRATEGIC AND DIRECTORY REPORT) (CONTINUED) CUMBRIA MUSEUM CONSORTIIIM (CMC) Tullie continLES to lead the Cum￿la Museurn Con9)rtium {CMC) in pathrship with the Wordsworth Trust and Lakeland Arts, suptKJrted by Arts Cour￿1 England through the 202>26 National PLYifolio. Year two has been marked by arntm'tion. ￿aptrtiw. arKI rrEani￿￿l than9e. This year, CMC was awarded £1,187,313 in NPO furxliw to (xX)tInL￿ ddivering high-qualty (Jltural experience5, enharKe our cdleLtions. and c￿n￿t with rthy arKI diverse a￿len￿. At Tullle. efforts have ￿en ￿ntred on a major (apital redevelopment t￿￿Ct. With the museum partlalty dosed, the team explored inTh)vats've ways to ￿ the public-%Lth as launthlrNJ a P(P-Up museum-1a￿ng the f(AJfKlation for a nK>re Ind￿Ve arKI a(£esgiAe wgtor eX￿}e[KE. Lakek3nd Arts rnaintalned operations at Wi[KleMe￿ Jetty Museum. Blthvell - the Arts and Crafts Hwse, arnl Abbot Hall Art Gallery, while the Lakeland Museum remains dosed for a multi-phase redevdopment. The organisatlon recdved £120,000 to supwt Its contemkwary art pr(*Jramme and entered a new era wlth the appolntment of a new CEO, MrKJlrKJ reW￿d f￿JS to finandal SLLstsinatility and strategic dlrectbon. Meanwhi￿, W(Kdsworth GrasrTEre urMlert(K)k a (J)mpretrwYve busrne55 review. usng the Inslghts galned to begin sFklPiNJ a rEw for the TrusL Partiapation and Leaming Despite rfsiTrJ travel costs, our leamiThJ teams remalned committed to ddivering high-quality ed￿atIonal eWences across the regi￿. ThrO￿Jh a combination of onsite and outreach CMC dellvered 506 sttK)ol sessions, regjlting in 15,852 leamirvJ ￿￿jageMents. 2020. 74% of all primary and S￿[￿lary sdths in CuM￿a have wth a CNC ￿V￿￿nOnStratlng strong regi[￿al reach. CoMm￿lty outra￿ and Wellbelng With support from specialist partr*rs, CMC éelivered a wide range of outreth athvities, resulting in 212 workshops and 5,148 meani[￿￿￿ eryJa9wnents with 1ndMd￿1s and communits'es across the region, Highlights i￿lkIed. M*t Me at the Museum ITullE).' (Teative S￿￿on5 adults Ylth de￿tia aTrJ thelr (arers. • Tullie on Tow.. ouir&ich acTOSS ￿mbna.5 west coasL . Pctty (Wordswoth Tr￿t). regL￿ar sess￿￿ In r*lorfty areas I￿audI￿ Barrow and Morecambe. Sketth & ￿1 (Lake1￿ Arts): WelliElrKJ-ftKMe￿ mtive walk& 24- TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARArirEE TRUStEES' REPORT (INCORPORATING THE sfRATEGIC AND DIRECTORS. REPORT) (CONTINUED) Youth Skills and Creatlvlty CMC remains cc*nmltted to nurturing the next gerErnticffi of ojlbjral and (yeative trI￿l This year, we SUP[￿ed 1,455 youTrJ tEOF4e through appmticethips, traineeslmps, and dedicated programmes. Key initiatives: • Dove Cott&Je YourrfJ Pcets (Wordsworth Trust) • Arts EWorer5 {Tullie) • Forge Festival (Lakeland Arts. in partI￿1p V￿th the Knottoj Ftoject) Exhibitions and Audlences CMC venw attr￿ted 104,379 paid Vfistt(￿s, cdebrdtirvJ colteLtiors, broadening actess, a￿1 inspiring learning. Exhibition highlights: • To the Lakesll (Wordswc*th Trust): early tourism thr(wh hIstC￿1C Vol￿ aThJ Images. 'Backing the Blues, (Tullie): c(￿cUrated with Qvlisle United Co1￿￿"Ve, celethting 120 years of the dub. . 'aaude Cahun.. Beneath the Masy (LakdarKI Arts).. exploriro identity aTrJ getjkr, wth tour5 led by Kendal CcAlege stL•Jen Equity, Diverslty and Indusion Over the past year, CMC dellvered targetd trdining to deepen understsndlng of diversty and indusion. Ths induded Mentsl Health Awa￿[￿$5 training for rll managers and Leamlng Disatmlity Awareness tralnlng for staff-SUPFKMb'rvJ a more empa￿tiC and a￿SSi￿e enmronment for colleagues and visitor* In partnership Anti ￿￿"st Cumbn"a, ￿lor leaders oynpleted a year-long antl-radsm priyJramme. f(Alowed by cwational audits examlnlro and cukure through an anti-rdast lens. Each o￿aTriSation ￿11 now iJeveW an anti-raasm artion ￿an to embed lasting Cha￿je. Settor Leodership CMC (r)ntinues to lead and InflUe￿e the sectr* throLWJh: • Memtership of the National Museum [*r￿t[￿s, CwrKiI • c0-d￿1n[Yj the Cumbria Museum Directors Grwp • Co.managlro MLtseum Develotxnent North TULUE HOUSE MUSEUM AND ART GALLERY TRUS[ COMPANY LIMrrED BY GUARAPItEE TRusfEES' REPORT (INCORPORATING THE sfRATEGIC AND DIRECTORS. REPORT) (CONTINUED) We also contrfbute to regional and netvrt￿. Ir￿￿11￿￿. . ErrfJlish a￿t Muwms . Hadrlan s Wall Parknershlp . National Historic Slipthope Netw(¥k • UtHtsuses Group Condusion Thls year has derrK>nstrated the p(Y•¥er of aAEatM)rotion, ￿￿11￿￿e. arKI (Teat￿Tty. The Con50rtium remains committed to ￿lIIdir￿j on this momentUn￿stre￿rthng (Mjr role as culbjral lerAJers and trusted stewards of Cumbria s iich and diverse heritage. STRATEGIC REPORT The following seth[￿5 form the stroteglc repxt (* tharity. FINANCIAL PERFORMANCE The Opera￿onal Outco￿ f¢x the year is a net defictt bef(Ye Th￿re￿rrif￿￿ rtems of £229,317 (2024.. operatonal net deficit £47,021). The defiat refiects dogJre of the Museum for a swJnifitant part of Ihe year. Deficits in 2022, 2023 arKI 2024 finarKial year5 were materially offset by items of norrfeajrring irKome as illustratej in ￿ tsI￿e IAOW: 20201 20211 20221 20231 20241 2021 2022 2023 2024 2025 £000 £IKKb £000 £000 £000 OFeratirrfJ surpIug(de￿t) beth r￿-re￿Trj Income- unrestrirted irthme 24 (246) {449) {47) {229) Coronavirus rdated 9JPt#Jt grants One off management fee for work rm tKJiIdi￿5 transfe￿￿ to Tullie 755 204 Business rates rebate for premous years Operatlonal surrAusl (defi(it) after rK￿-r￿rl IrKome - unre5trKteii irKorT 302 35 782 (42) 653 {12) {229) Restricted Ir￿￿ne less expernlI￿re Cfverall net surFdus/(ddkit) 170 (1051 (147) 1,204 551 502 3,252 3,023 952 Net restrirted in(rffie I￿ ex￿￿1￿lre of £3,251,9￿ (2024.. £502,467) refietts the fart that nTh)st of this restricted income is furKliThJ for Project T￿lIe for vthith costs are catitslised and will be tharged as expenditure In future y&irs as depreciation. 26- TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCORPORATING THE STrATEGIC AND D]RE￿oRy REPORT) (CONTINUED) museum t8nw)rdrity for capTtsI worts at the of December 2023 and partially reopened in July 2024. The Trading Company commerdal continued to generBte tumover durlng the pericrtl but at a significanty lower levej than p¥ior years due to the clogJre p&lod. ￿thoUgh the cafe operated 3 Ilmited fr[￿ Juty 2024 to Feiwuary 2025 caterfng income was muth lower than it was when we fvlty rtrO￿ed the cafe. Overall tradi￿ actiwtbe5 gwated a nil profit and as such there was m th)nation to the Trust (2024: £26.378). Dwyte various energy saMrrfJ inibatrves, hlgh energy costs contynLk*l to impact fr* re5erve5 with costs in 2025. Visitor num￿$ ￿li[￿d sKJnificantly during the of dosjre but Improv&1 Wh￿ we partlally reyn￿1 in July 2024. These nurnbws were ftrther In February 2025 we held a free weekend. NumtAYS Wl 2025 have been very Eh)sitive. Trusys totsl reser¥es at 31 Marth 2025 w￿e £6,634,481 (2024: £3,611.808). These total reserves are math up of unrestrlcted free reseNes of £91,120 (2024.. £91,120), unrestrlcted designatrd reserves of £1,609,571 (2024: £1.838,888) restricted ￿ of £4,933,?￿ (2024: £1,681,8LK)). Detslls of the fvnds compisryJ these reserves are shown in rN)te 23. RESERVES POLICY Each year the Trustees consl(*r the an￿nt of unre5trtted reserves to designate to cover the costs of partlcular projects induded in the txjgness ￿an. In addlticn, the Tnjstees COn￿der levds of rfsk asxtlated wlth major categorles of a￿[ expendibjre cc*m￿lsIr0 the IMAlget for the year ahead and the latesl ￿an a￿1 derive from that assessment a target rary of free reserves. Thls target rdnge is Cur￿tty set at £400,OCrf) to £5￿,0￿. Trustees bdieve that the kn￿-term finarKial sustsiromty of the mLtseum Is deperKlent on progt*sslrYJ Projert T￿lie. The balar￿e of reseryes de&gnat8J for the purkK￿e stsnds at £156.143 these are expected to te defra￿￿ over rExt 2-3 years. Trustees also plan to defray the Castle Street resetves of £650,(K)O over the next 2.3 years provid&J free re$￿e$ are malntalned at or dose to target levels. Trustees have des￿rtat￿ reserves IEld on behalf of the CumMa Blodlverslty Data Centre whlch a￿ c(NNdered to be approwiate to cover the antlapated fUtrJ￿ ralucbons in fundSrKJ. After sethng a￿de deslgnated r￿erVes. ttE ranainirKJ uNe4Acted free reserves an￿￿nt to £91,120. Thls Ls than target ronge for f￿e r￿e5 and is as expthj In the business plan whith projects a ￿buIlding of those reserves next p￿Se5 of Projett TU11￿ are cOm￿ete￿. Trustees have carefully co￿der￿ cashflow prO￿￿onS and are satlsfvl ttw a￿ to meet the ongolng needs of the TrusL After the year￿d in W￿ber 2025 Tullie was awarded a grant of £0.6m from the A administered Museum Renewal Fund. Thls ￿11 enab￿ gerffiting iniliatwes to be athoned and retum free resew to dose to tt*ir tsrget levd. It wll also mean that Castle Street works can be wogressed dudng 2025126 trj Lyeate neetsj spaces for Tullie's communty supwrt actmties.. INVEsfMEMr poucy Tnjst h(Ads an InveStr￿t ￿coUnt whkh ts revl&Yed regularfy ty the Trustees. -27- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARANTEE TRusfEES' REPORT {INCORPORATIMG THE STRATEGIC AND DIREcfoRS' REPORT) (CONTINUED) IUSK MANAGEMEpir All significant activities undertaken by the Trust are to a prior risk review before implementst1￿. ma￿ rlsks Klenttfied are rank￿ in term5 of t￿'r Wtial impact a￿1 like11tr￿Od. The followlng framework is central to ensuring a(tyuate rith management: . Regular monltoring of major rfsks arKI thption rf mitigating Measu￿ iThj￿lIng disastw recovery t4ans. . Embeddlng rtsk Iden￿ri{￿on and ass￿￿ vithin w¢￿￿￿e5. • A clear struthre of delegated aUth￿lty aThJ contrd. . Malntsitlng ￿selVeS in Ilne wrth set Oioe> The rlsk register Is regularly wewed by Ix)th Audit arKI Fknsk C(Mnmittee aTrJ the Trust Board. Ap￿nded to main Tullie strategic arKI cwational risk register are risk regtsters for tK)th CMC actiwty and proj￿ TullE. Tr current top risks identified are: l. Fallure to meet ftJndraisirKJ targets - the kjwer numiEr of retuming to the museum st-dowre results in reduced inc(¥ne for Trust. to the rTh)viro timdlne of Phase 2 of Projett rul1￿, prografflming has be￿ reactive rdttv than planned aThJ t￿fOre f( has been dffficult to maintain the ￿a￿ed Mom￿t￿. The ￿l￿rn has re-OFened its new 4￿e$ In Aprfl 2025 and tor numbers have i￿￿ muth IMp￿0ved. Tr 1kni￿t Tullie d•ents are also at rlsk If match&l fundlng each phase is not S￿Ure1J. 2. RedUCt￿n In aglllty of the Trusvs fina￿eS to ￿ alk to restX)fKI to any urgent investment need oufvlith the scope of ProPrt Tullle. Control of eXpe￿Ilture and firkHrKial monitoring to MI￿gate risk. 3. CharKJes In nat￿nal or l(Kal wvemment policy to a loss of fU￿1r￿j and supwrt for museums- Cumbria has ￿rK￿g(￿e a IcKal g0vemm￿t revw resulb"r¥J in Carli￿e City Counal being 5ub5umed into Cumbedand COU￿1. Trustees and the Director have worked hard to estatJish eff￿tive Communica￿on ¥￿th the new members arKJ offic￿5 to eJL5ure that all key personnd are aware of wr Impart and the for contin￿1 SUPFK>rL 4. Increased cost of a￿1 se￿￿$, I￿LIJirrfj ￿Jh inflalkn. In partlcLlar wwgy costs ¥e considered to be a sIgn￿lCant rtsk and (Tht (mtrols and wutar rrM)nfitorft¥J is in t￿3￿ to mitigate this rls 5. Red￿tionS to levels of free unrestrirtd reserves during Fyoprt Tullie ConStr￿ts.0n phases. The Trustees and Directors are very fca￿ed cfft C¢vthUy managiThJ fr* unrestrictal arKI designated reseNes to maintain a p￿tive t%)s￿ion. TULUE HOUSE MUSEUM AND AKf GALLERY TRusr COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCORPOPATING THE sfRATEGIC AND DIREcfoRS' REPORT) (CONTINUED) FINANCIAL INSTRUMENTS Objectives andpolicMs The Trusys acbvitses ext#)se r( to a rwmber of finamal risks I￿l￿dir￿j cred* rtsk aThJ cath fkhy risk The use of financlal derivalves Is governed try the charivs approved by the Board of Trustees. The Tnjsts actlwties ex￿ It primarfily to fina￿]81 risks ifj Interest rates. Interest bearfng assets Ilabilit￿ a￿ held at T￿1 rates to erwre certiwnty of iJsh tlthv& Credit The Trusys prfndpal flnancfial assets are bank balan￿ and cath. tr* other receivables and Investmen￿ The Trustees Fwve con￿d￿ed the risks that aff&t the day to day opeTrtior6 arKI have Implemented ￿￿edureS that are apwopriate to the srze of the tharity. -29- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMITED BY GUARAffftE TRusfEES' REPORT (INCORPORATING ThE STRATEGIC AND DIRECTO￿ REPORT) (coNrINUED) srATEMErir OF TRusfEES' RESPONSIBILITIES Trustees (who are Iso the direLtors of Tullie Hwse Museum and Art Gallery Trust for the purpose5 of company law) are resp)rsit4e for preparirrfj the TnJstees' re￿rt (in￿Wa￿ng the strategic rekx)rt and directors, repjt) and the finanaal ststements In accordan￿ wth appll(xble law and United Klngdcln knoJnting StarKlards {Unttal ￿ngdoM Generalty A(repted Accounbng Prattl￿), Includlng FRS 102 Tr Fina￿31 Rel￿11[¥j StarKl3rd aprA10b￿ in ￿ UK a￿1 Republic of Ireland" Company law requires the Trustees to wepare flnan(ial stat9m￿ts for ead) finarKial year, Under company law Trustees must not approve the finarKial statements unless tly are satisfied that they glve a true arKi fair view of the 5tste of affair5 of the tharitable company (aTrJ tke group) and of the inCoff￿ng ￿$oUr￿ and ap￿ICatiOn of ￿)u￿, Ind￿dIr￿j its income aThJ exp￿diture, of the charitable c(￿PanY1gr￿Jp for that terlc¥d. In trepaNng these finandal ststements, the Trustees a requlred to: sdett sults￿e aCc￿nting ￿ll(leS atth cOn￿Stendy. observe the methods and [41r￿pIeS In Chartties SORP; make Judgements and estfmate5 tlk3t are rea9Thble arKi WLtht; state whether applicable UK accountirrfj stsndards. (nmpri9ng FRS 102 have followed, sUb￿Ct to any material departures disd0￿1 and explaind in the finarKial 5tster￿ts. a￿1 prepare the finanaal statements on goiTrJ c￿￿ern bass U￿eSS it is inappropriate to presume that the tharitsble company will continue in t￿sIr￿. The Trustees are r￿￿Ible for malntsinirKJ a(KountirvJ rKords that (3n dlsd05e with reasonable acajracy at any time the finanaal posti￿ of the tharitsble company ￿lable them to ensure that the fina￿731 ststements wrrkpty with the Companies Act 2006. They are also responsible for safegUardIr￿ a55ets of tharitabk company aThJ ￿e taknThJ rea￿)naL￿e steps for lthe prevention and detection of fralhl aThJ 0￿ irregulanb"es. DISCLOSURE OF INFORMATION TO AUDrroR Each Trustee has taken steps that they 0￿ht to have tsken as a Tnjstee in order to make themselves aware of any relev￿ audit inf0m￿ts.0n and to establish that the tharity's audrtor Is aware of that informati￿. The Trustees confim) that lJ)ere & no rethnt Infmtim that tw know of and of which they know the aLKiitr)r is unaware. The ann behalf I retKrt was apwoved by the Trustees of the tharity on 24 0rt(ts 2025 arKI on Mr A J SmitFI CVO T￿￿tee Ms C A M T7Th)m￿ DL Tr￿ -30- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMfTED BY GUARA14TEE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF TULUE HOUSE MUSEUM AND ART GALLERY TRUST OPINION We have a￿lIted the flna￿a￿ statfftts cl Tulle HC￿ Mwjm and Art Galw Trust (the 'tharitable parent company,) its subsdiary (together tt* 'group') the year ended 31 Marth 2025, whith (Dmprlse the Ccnsolldated slatenErt of fina￿al (irKI￿lir￿j the Income and eXpe￿Ilture Kcount), Consdidatal bala[￿ sheeL Bala￿e Con5didated statement of cash flows arKi Notes to the fina￿￿1 5tsterrEnts, j￿ILMI￿ng a summary of signlflcant accwnlir¥J poliae5. The finarrial reportirvJ frar￿￿rk that has been in tha'r Fryaratton is United ￿ngdoM Accoundng Stdndards, com￿l￿ng u￿rItieS 50RP - FRS 102 Tr ffnawal Worting Stsndard aprAlcable In UK and Republfic Lrf IrdarKI' and aptAicable law (lthrted Kiruth)m Generaiy A￿ept ACC￿nting practi￿). In our OF4nlon the flnarrial State[r￿ts. give a true and fair Mew of the state of ￿ gr￿p,S and parent charftys affalrs as at 31 March 2025 and of its Ir￿￿1￿ res￿r￿ aThl ￿l(2t1￿ of re9)urces, I￿jud1rKj Its Income and expeNliture, for the year then ￿ded. have been property F*epaTed in aCc(*dar￿e wlth Untsj ￿￿dorn Generally AC￿pted Accounting Practice,. and have ￿en Fyepared In wlth requir￿neTrts of the com[￿leS Act 2(￿. BASIS FOR OPINION We conducted ¢JJr audlt In ac£trdarKe with Intematlonal StsThYards on AudMNJ (UK) {ISAs (UK)) aThJ appllcable law. (Xjr re4K￿51￿1￿es under those staTKiards are furthw ¢JestrlW in Auditorfs responslbllltles ft)r audit of the firkindal ststements sectic￿ cl our retNrt We are independent of the group In aCCordar￿e ￿th the ethical requirements that are relevant to (xjr a￿lt of the fIna￿la1 StateM￿ts in the UK indudlry the FRC'S Ethical Stsndard, and we have f￿lled w other ethical resw>nslbllities in accc*datKe ¥￿th these ￿UIreMents. We LElieve that the a￿lt ￿der￿e we have obtained ks sUff￿￿t and aptryriate to wowde a basis for w 0￿.n￿)n. CONCLUSIONS RELATING TO GOING CONCERN In auditiTrJ the finaNSal statements. we have ccThJuded that the Trustees use of the gdng cfficem ba&5 of accountiro In preparation of ￿ fin￿al Statem￿ is apw(plate. Ba￿ on the work we have perf0M￿l, we have Th)t hdentifi&J ary material uncertalnt4es rdating to events or corKiits'ons that, ar￿￿dullY ￿ crAlectivdy, may cast signifft3nt dctht on the group arkj parent companvs a￿"lIty to thntinue as a gcqrrfJ concem for a peri(Kl of at least twdve rrKxth from when the original finarKYal ststements were aUt￿riSed for is￿. r responsibllitles and the re4KYL51Lxl￿e5 of the Trijstees with re$r￿t to ￿r￿j cOr￿n are deS￿bed Sn the rdevart ￿tionS ￿ this ret¥rt OTHER INFORMATION The Tnjstees a￿ responsible other informab'on. The other InfrKmation comprfses the nf(*maUon Induded in the annual reFX)rt, irKludirrfJ the Trust*s' rwt, other than the finanaal ststements and our auditorfs report ttr￿e0n. (Xjr opinicm on the finarKial ststeM￿ts does rK)t cover the other infomwtlon and, except to the extent Ot1￿￿&Se ststed In our rep￿rt, we do ￿t exp￿$ any fomi of assuran￿ (￿U￿n V￿e0n. -31- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMrrED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TULLIE HOUSE MUSEUM AND ART GALLERY TRUST (CONTINUED) In Co￿￿tIOn %•Ath our a￿lt of the finamal siatements, our res￿nSibIlity 15 to read the otF informatfjon and, in doirYJ so, (x)nsider whether the obher information is materially incongstent with the financial staterwits or our krM)wl* (thined in the a￿lIt or Othe￿Se appears to be materlally mlsstated. If we identify such material irKon9Sterries (x aprA?￿t materbal misststanents, we are require(1 to detemilne whthr ￿re is a material misstatefflent in ttr￿ finatKk4 strdtements or a material misstathent (rf tt* other Infom)ation. If, based on the woth we have perforrTEd, we condude that there Is a Mat￿al misstaten*nt of INS othw infom)atth, we are r8]uired to report that fact. We have nothing to rwt in this regard. OPINION ON OTHER MATfER PRESCRIBED BYTHE COMPANIES Acr 2006 In our Wnion, based on the work uThJertaken in ￿ course of the a￿lt. the infomation gNen in the Statement of the Chair of Trustees Museum thrector aTrJ Trustees. ret#xt {incorForating the strat￿lC arKJ dirthrs, retxyt) for the finanaal year for Nthich the finandal statements are prepared is cofLSiStent with ￿ finanoal ststements; and the Ststement of the Chair of Tnjstees arml Museum Director and Trustees, reFQrt (incO￿￿ng the strategic and directors. re￿t) have been prep¥&J in aCc(*th￿e with applicable legal requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our kno• and understanding of the grwp an(J t￿ pawt (*bartiable company aNI en￿ronment obtained in the c(yJrse of the audi¢ we have klentifieil wnaterial mlsstatempmts In the Staternent of the Chalr of Trustees aThJ Museum D(rector aTrJ Tnth, reFQrt (irKJ)rporatlw the strategic arKI dirertors, rewt). We have Th)thlr4J to rep)rt In r* cl the fdlowiThJ matters C￿npanIeS Att 2006 requires us to report to you If, In (4Jr oplnk)n: adequate and prow accountirvJ r￿5 have rK)t tten kept by ttE pamt d￿r[taLle company, or retums adequate for our audit have Th)t t￿n received from branclEs not Visitd by us. or the parent tharitable compary finarKial slatanents are not In aJreement with the accountiThJ records and retums. or certain disdosure5 of trustees, r￿nUr￿rati(￿ wified by law a￿ not made; or we have not received all the Inf(rnti￿ etynatw)rts we ro]ulre for our aL*JiL RESPONSIBILTtIES OF TRLISTEES As explained hjlly in the Statement of TnJ5tee< Reg)on5FblliVes [set out on page 30], the Tru5tees' (w￿9 are also the dirthrs of the chantable company for the purp)5es of company lawl are responsible for the prepardtion of the finandal statements aThl for beiThJ satisfied that ty give a true and fair view, and such intanal contrd as Trustees determine is necessary to enatle the preparation of financial statements that are ￿ from material misstatement, wF*ther due to fraud or error. 32- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMrrED BY GUARAPfftE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TULUE HOUSE MUSEUM AND ART GALLERY TRusf (COPMNUED) In preparing finarKJal ststerlth, the Tvlstees are resFonsatAe for a$S￿ng the group's aThJ t parent tharitable company's abillty to conts.nue as a Wivj concem. disclosirrfJ, as applicat4e, matters related to goirrfJ con￿rn uslry the wrKJ c(xKem bays of rm)untirKJ unless the Trustees either Inte￿1 to Ilquldate the group ￿ the parent (haritsble oxnpany or to ￿se operatiofts, or have reallsoc altemauve but to do g). AUDrroR RESPONSIBIUTIES FOR THE AUDTh OF THE FINANCIAL STATEMENTS Our objethves are to obtaln reasonab￿ assuTrrKe ab￿t sthether the finanoal statements as a W￿le are free from materfal misststement, whettw due to fra￿1 or ernr, a￿1 to issue an auditorfs rewt that ￿nd￿leS our opIn￿. Reasonat4e assuran￿ is a high owTrn￿, tmrt is r¥)t a guarantee that an audit conducted in ￿cOrdan￿ ISAS (UK) will always detect a materfal misstatement when it exists. Mlsstst￿ents can arlse from fra￿1 ￿ uror arKI are C￿Sfrdel￿d matwal if, iNJNidual CK in the aggr8Jate, tlw c(KJld ffjs0nat￿Y exFe*ed to ecorK)mic decisior6 of uws taken on the ba￿S of these finan(ial 5tatemerfts. Irregulafftles, i￿UdIng fraud, are Instan￿ of rKKpcomplw(e with laws reguLitlons. We design pr￿edureS In Ilne wlth restxxwbilities. outlin&J at4)ve, to det81 material misststements in respect of Irregularities, ind￿lIr¥j fr￿1. The extert to whKh pr￿lureS are capatAe of detectlrKJ Irregularfties, i￿v(lir￿J fraudls detslled tdow. Our a￿lIt wccedures wwe de9gwl to restxnl to thcEe thtified rtsks, Ind￿lIng non-(x)mpllarKe with laws and regUlati￿S (irregularities) army fra￿1 that are ma￿la1 to the fin￿al statements. ()Jr aLklit proc&jU￿ ind￿d￿j Ixrt wue limited to: . Dlscusgng with the Trustees aThJ Mwent thelr pdldes arnl pYC￿ure5 r8JardiThJ comp16an th laws and regUlatior￿. • Communicatirrfj IdenOfled laws and regulations IhrowJhwt our errfjagement te3m and r￿aInINj alert to any Indi(aUons of r￿-COmplian￿ throughwt our a￿lt. aTrJ Con￿der1r￿ risk of by group whlch wwe contray to tre aOlL7Lle laws aThJ regdatlcfs, indLMliNJ fraud. Our audit FX(Thlures in relaoon to fra￿1 SndLhJed bjt were M)t Ilm1￿ to: • Moknng enqulrfes of the Trustees MaNynent ￿ whether tfv hal kmwledge cl any att￿1, SUSkEtted or alleged fraud; • GainlThJ an uThlerstarKling of the intemal controls estsblished to M￿figate rtsis rela￿1 to fTrud' • Dlscusslng amongst the erYJawffit team the ￿SkS of fra￿,. arKI • Address*)g the 11sks of fraLKI throlth man&j￿)￿ owride irf c￿￿[￿5 by ￿rfCffi11ng h)umal enty tesbng. We are not resp)nslble for dthtirwJ fraud arKI weventirrfj r￿￿-COMpl￿7r￿e aThJ can￿t be expected ts) detect all fraLkl and rK)n-comEl1an￿ wth all laws aTrJ regulato￿& Tr wmary ￿[OnSibIlity for the preventfion arKi detectim of iryegularftles lThJudirKJ fraLKI rests the Trustees arn Managem￿t. A5 wlth any a￿lt, tse remained a risk of rKMHktection of irTegularitles, as these may Invc4ve collusi￿, forgery, ￿￿tic#1a1 (xnis51ixLS, m1srepresentaticr￿ or the override of intemal control& -33- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPA14Y UMTfED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TULLIE HOUSE MUSEUM AND ART GALLERY TRusf (CONTINUED) A further deSCriptK￿ of our reS[K￿￿tIlroesls available ￿ the Tr'nancial Re￿rtIng Coun(il'5 webyte at: www.frLorg.uklaLKllt0rsressy)n￿bl1￿tle5. This de5ulptK￿ forn￿ part of (￿r aLKI1￿5 reFK)fL As part of an audit in ￿CordanCe with ISAS (UK), we exerdse ￿￿feSSOnal j￿Jgery￿nt and mairrtain Ifessional scepuci￿n thr(xJgFKMrt the audOL We also: Identify and assess the risks of material mi55tstanent of the fina￿)31 ststfftnts, Ythettw due to fraud or emy, deslgn and wfomi audit prc(edures r￿1ve to those risks, and obtain audit den￿ that is ￿Cl￿1t and approprfate to provlde a b￿"S for our cynlon. The risk of not detecbng a material mlsststenEnt resulbng from fraud is higlw than for or* resulOng from error, as fraud may involve cdIu￿On, forgwy, s￿￿tIOr￿1 omissic¥ts, mI￿presen￿￿Ons. or ihe ov8rlde of Internal contr￿. Obtsin an uThYerstanding of internal a)ntrd r￿￿t to the aJJit in orts to d￿gn audlt procedures that are apprOp￿ate in the orCun￿￿r￿, iKJt rK)t for ￿ pUr[￿￿e of expre5siw an oplnion cffi the effectiveness of the group's internal control. Evaluate the approwiateness of accountiryj ￿￿k)eS used a￿fj Ihe reasonaLleness of accounting estimates related disd05ures made by the Trustees. Condude on Ihe approWla￿ess of the Trustees use of the wir¥J cwcem bas15 of accounting and, ba￿ on the a￿lIt e￿den￿ obtslned, vthether a materéal unc￿ts1nty exists rdated to events or condltions that wnay cast significant doubt on grwp's or the parent d)Oritsb￿ company's abllity to c￿onUe as a ￿)ir￿j corKern. If we condude that a material u￿ertaInty exists, we are requlred to drdw attention in our auditorfs re￿)rt to the related dlsdoS￿eS in financlal statements or, ff s￿h dlsdosure5 are inadequate, tr) mcx1ify our ￿n￿On. Our ccThdU￿OnS are based on the audit e￿den￿ obts[n￿ up to date of (xjr auditorfs reporL Howevw, futu events or conditions may cause the group or the parent tharitstAe ccffipany to ￿ase to continue as a goiThJ cc*Kem. Evaluate the overall presentstion, strW1u￿ and (nntent of the finatxial statements, Ir*JthJlng tre dlsd09Jres, and whets the financial ststwnents re[Ye￿t the ￿ndeth￿ transactK)ns and events in a manner that ad)ieves falr presentsb"on. Obtsin suffia￿t appropriate aL*Jit eviden￿ regardirvj ￿ fina￿JaI infornation of the entitEs or bL￿nesS athmues withln group to express an on the corsolidated finanoal sts￿ents. We are re5ponsble for the diredion, siJpeThi9cffi and perf(YnWn￿ of the group audiL We remaln solely resp)nslble fv wr aLMJit opinion. We communicate th)se tharged wth gov¥nan￿ regardirYJ, amrKJ other mattws, planned scope and timing of the audit arKI 5ignifirJnt audrt firKI1￿, Ind￿J1￿j any slgnlficant defia￿eS In Internal control that we Identy during our a￿JIL TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMrrED BY GUARArirEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TULLIE HOUSE MUSEUM AND ART GALLERY TRU￿ {coritlNUED) USE OF OUR REPORT This report is made solely to the th3ritat4e parent compary's m￿L￿S , as a tx)dy, in aaDrdan wlth Chapter 3 of Part 16 of the Cixnpanies ALt 2(X)6. Our audit WO￿ has been undertaken so that we might State to the charitsble parent companys nEmbers matters we are required to state to them in an auditor's report and other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsbility to anyone other than the d￿ritsb￿ pamt company and the tharitstle parent companvs memLws as a body, for our audit y￿rk, for this report or for the opinions we have forrned. AUSON WELTON {Senior statUt￿Y Audits￿) For and on behalf of Dawd Allen Chartered Accountsrits & Ststutory A￿l[lor Dalmar House Barra5 Lane Estate Dalston Carlisle Date.. 24 (Xtober 2025 -35- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY UMITED BY GUARApifEE CONSOLIDATED sfATEMENT OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING CONSOLIDATED INCOME AND EXPENDMIRE AccouKf AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2024 nds funds 2025 Income and Endowments from: D(￿ations, legaaes and grants recdVa1￿e cha￿ta￿e activlties other trading aCti￿tIeS Investment IrKcffte 48,140 1,405,534 236,806 4,376,148 4,424.288 1,405,534 236,W6 2,307,791 1,289,705 173,787 Total inc(Mne Expenditure on: Raising funds Charitable act'vibes Rates apkwl rebate 1.724.731 4 376 148 6 100 879 3 826 216 (350,145) (350,145) (244,152) (1,807,316) (l.(k53.522) (2,870,838) {3,142,260} Total eX￿ndItUre Net (e￿ndIt￿re}/1r￿Ome Transfers betsveen fvnds Other recogniseAI gains and losses Exhibition tsx rdief 2 157 461 1063 522 3 220 983 3 351487 (432,730) 60,636 3,312,626 (60,636) 2,879,896 474,729 14 142 777 Net nN)vement In fiJrKts Reconaliation of funds {229,317) 3,251.Wl 3.022,673 490,371 Totsl fuThJs tKought fotwanl 3 611808 3 121437 Totsl funds carried fornard 25 1700 691 4 933 790 3 611808 -36- TULUE HOUSE MUSEUM AND Airr GALLERY TRIIST COMPANY UMITED BY GUARApffEE CONSOLIDATED sfATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2025 {COtITINUED) (INCLUDING CONSOLIDATED INCOME AND EXPENDrnIRE ACCOUNT AND sfATEMEpif OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2024 Income and Endowments from: Donations, legaoes and grants rec￿va￿e arftable a¢knbes OtW trading a(Ilwtle5 InVestn￿nt Income 51,240 1,289,705 173,787 2,256,551 2,307,791 1,289.705 ITJ.787 Totsl income Expendlture on: Rai￿ng funds Charitable actlvitles Other ex[￿￿[￿J1 2 256 551 3 826 216 (244,152) (244,152) {1,698,186) (1,444,074) (3,142,260) Totsl wendltsjre I￿7413 Net (eXpenditU￿)I1ncw Transfers tr*tween furKis Other recognlsed galns and losses Exhlbitions Tax Rdief {337,748) 310,010 812,477 (310,010) 474,729 14 Net m0Ven￿nt in fijnds Recthioliation of funds (12,￿) 502,467 49),371 Totsl fu￿1$ browht f(Thard Total fwKls carfed fonvard 1 179 333 3 121437 25 1681800 3 611808 l rf the grC￿p'S acdvltles C(N*l￿r￿j (waU¢yts duriThJ the at￿e ts+K) pertc%ts. The funds breakdo￿￿ for 2025 aTrJ 2024 Is shjwn In r￿)le 25. -37- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMThED BY GUARAPItEE CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Foxed assets Tanglble assets Investrnents 17 4,833,230 303 288 1.834,588 303 288 18 5,136,518 2,137,876 Current assets St￿￿5 Debtors Qish at bank and In haThJ 19 20 28,381 813.842 10,297 920,973 1538 010 2,371,232 2,469,280 Creditors: Amounts falling due wlthln one year 21 873 269 Net current assets 1497 963 1473 932 Net assets 6634481 3 611808 Funds of the group: funds Restrfrt￿ funds 4,933,P>) 1,681,800 Unrestricted income funds Unrestrlcted [￿￿$ Total funds 25 3611808 TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY uMrrED BY GUARANTEE CONSOUDATED BALANCE 5HEEf AS AT 31 MARCH 2025 (COIMNUED) al ststernents cn pages 36 to 76 were ap￿0￿ by the TnJst*s, and auth￿ised for Issue ber 2025 and 4ned on ttkir behaFf ty: on24 Mr A J Smrth CVO Trustee MsCAMTkn1￿DL Trustee Reglstratlon number: 07568957 -39- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMITED BY GUARApifEE BALANCE SHEEf AS AT 31 MARCH 2025 2025 2024 Flxed assets TanglUe a Investments 17 18 4,833,230 1,834,588 303 289 5,136,519 2.137,877 Cuffert ass Dd)tors Cash at bank arKi in harKI 20 835.863 1512 627 934,948 1530 577 2,348,490 2,465,525 Creditors: Amounts falling due within one year 21 Net ￿rrent assets 1497 962 1473 931 Net assets 6 634 481 3 611808 Funds of the thaiity: Restrided Income funds Restrictej fvnds 4,933,79) 1,681.8CKI Unrestrirted incorne funds UnresbiLted fy￿15 1930 008 Total funds 25 The Char￿able company reflected ￿ ft41owlrvJ t*)&tion in it5 Ststement of RnarKlal A{￿V￿e5.. Totsl incorrE £5,864,074, totsl e￿nditure £2,984,177, net Ir￿Me £2￿79,896 and ottEr r￿ognISed gains and losses £142,777. InueaaNJ totsl fvrxts br(wht f￿Vard from £3,611,808 to totsl carried fc*ward of £6,634,481. The charitstAe company generBted a ￿ Move￿ in for the finarthl year of £3,022,673 (2024.. £49),371}. TULLIE HOUSE MUSEUM AND ART GALLERY Trusr COMPANY UMrrED BY GUARApifEE BALANCE SHEET AS AT 31 MARCH 2025 (CONTINUED) The financial statements pajes 36 to 76 were ap￿e￿ ty the Trustees, authorisd for Issue on24 Cto￿r 2025 a￿1 SIgr￿ M tsr behalf by: MrAJ &nrth CVO AMTho rustee Registrdtion number: 07568957 -41- TVLLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMrrED BY GUARAKfEE CONSOUDATED sfATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Cash flovts from operatlng actlvltles Net cash Income 3,022,673 490,371 Depredaoon Investment Income Loss on dlsposal of tsrvJlNe fix￿ assets 17 111,061 (34,251) 113,329 {54,933) 3.099.483 550.945 Working cawtsl adiu5tm (1ntrease)Id￿rease in 5t(th Decreasel{Inuease) In debtors (Decrease)Ilncrease in cralths 19 20 21 (18,084) 107,131 122 079 1,974 (192,155) 511819 Net cash flows from 0￿rating actiwbes CJsh Ilows fn)m investing xtivrties Interest receivable and slmilar irKo Purthase of tsrYJiNe fixed assets Sale of tsngltrAe fix&J assets Net cash flows froFn investing ￿1VIbeS Net decrease In cash and cash equivaents 34,251 (3,118,703) 54,933 (1,1￿,136} 17 3 075 452 1 135 203 (9,LM)I) 1538 010 (262.620) 1800 630 Cath alld cash equNalents at l April Cash and cash quivalents at 31 March 1529 009 1538 010 JI of the (xsh flows a￿ derived frixn cMtinuiw O￿ati(￿ dwiNJ &y)¥e two periods. -42- TULLIE HOUSE MUSEUM AND ART GALLERY TRiisr COMPANY UMITED BY GUARAp¥fEE NOTES TO THE FINANCIAL sfATEMEPItS FOR THE YEAR EIIDED 31 MARCH 2025 I CHARITY STATUS The charlty 15 Ilmlbj by guarantee, ir￿rat￿l in Eng￿4￿ arbj Wales arxl dces not have shme capltsl. The addw of its register￿1 oflke Is: Tullle House Museum and Art Gdlery Tntst Castle Street Carlbsle These fin￿da1 statgMts were authxIs￿ for by Trust￿ on 24 2025. The company Is a c(*npary limit&l by guarantee. In the e￿t of the company IklrKJ w(xJnd up the Ilablllty in resixt of the guardntee Is limited to £10 per member of the ￿Mp￿ry. 2 ACCOUNnNG POLICIES Summary of slgnllkant aec4>unting ￿lICieS and key accountlng estlmatss The prirKipal KcountirNJ tdlaes apklied In the preparation of t1￿ finarKial statements are set out below. These Fdlcles have been conststently to au years presented, Lmless Ot1￿wISe stated. statement of compllance The finandal staterTwts have been wepared In accOrda￿e A(roUn￿ry and ReForUThJ by Charities: Statement of Recommen¢Jed prath￿ a￿lca￿e to tharities preparing th￿r ￿lUnts In accordarKe Ylth the ￿na￿al Rep)￿n9 Standard aWi(3iAe In the UK arKI Reput4ic of IrdarMI (FRS 102) (effertlve l January 2019) - (Chartties SORP (FPS 102)), the ￿nanCIal Reporting Stsndard apF41cable In the UK Rewljlc of IrdarKI (FRS 102). Tly also COM￿ wlth the Companies Act 2[￿ and Charétles Art 2011. Basls of preparntlon Tullie House Museum and Art Gallery Tn￿ meets the definlvon of a tK*lic b￿t enlity under FRS 102. Assets and llabillb.es are ￿n￿allY rwnlsed at h15torlol co* cr transaction Vall￿ unless Othe￿Se stated In rplwant ￿tK¥j Fdty The flnatmya stateryEnts are prepared in stthing, is the fu￿tiOnal al￿nty of the enoty. k)netsry amunts in these finarKial Stat￿￿ts are to trt nearest £. TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMITED BY GUARAKfEE NOTES TO THE FJNANCIAL sfATEMErifs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2 ACCOUNTING POUCIES (contlnued) Basis of consolidation Tre consolidated flnancial ststanents consolidate the fina￿la1 statements of the charfty arNI Its subsldlary urKlertaknng dravln up to 31 Marih 2025. No statement of fina￿la1 actsvibes is presented for the cfiarity as pemiitted by section 408 of the Companles Art 2006. A sub51diary Is an entity ￿ntr(lIed by the chaiity. CcntrcA is achlevgj where the tharfty Kis the Fwer to govem the finandal and operatlThJ wli(Xes of an entity 9) as to obtsin benefits from its athvltles. Inter-company transa(tlons. i*13￿ a￿1 ￿￿lised gal￿ m transartions between the tharity and s subsldlary. whlth a￿ r￿at￿ pa￿e5. are eliminat￿$ in ftjm. tntra4Jroup losses are also dlmlnated t*rt may indicate an ImpalM￿nt that ro]ulres rec(xJrsikn In the consolldated fin￿￿31 Strt￿nts. AccountSng policoes of the SU￿diary have tharyed wlwe n￿eSSary to ￿sl￿e Con￿st￿LY wlth the polides adoptsl by the grwp. Going concern The Trust￿ consKkr that ttEre Hre rn Mat￿al wKwiainties about group's ability to Ixjnb.n￿ as a going c￿￿ern r￿r ary significant areas of ￿Certsinty that affect the carryng value of assets held by the group. Judgements and key sources of estlmatlon uncertainty The preparation of the finanoal Statements requires managerTEnt to make j￿1geMents. esiimate5 and assumptions that affect the amounts re[￿ed. These estimates and }udge￿ts are ccfitinLsally re￿eWed and are based on eX[*len￿ and ot￿r factors, irKludiro eXp￿￿On5 of future events that are belleved to be reasonable urKkr (iraJ[T￿ta[W. A(knal results may diff8 from these estimates. Income All income is recognised once the d￿rity IN35 ￿tid￿ to the income. it is fviAe tlk8t income will be recdved and the arTh)unt of the income receivaLle can be measurgj rdiably. Donations are recryJnised wtrEn the charity has been notifEd in writirrtj of toth the amount and setdement date. In the event that a donab.on Is subJ&t to corwjib.c￿s that requlre a levd of formance by charity before the tharty ks enliyed to the furKls, the irKome is deferred and not recognised until either those conditions a￿ nrt (* the fulfilment of those conditions is wholly within the c(￿tr(￿ of the tha￿ty and It Is wob*e that these coTrJ1b'or￿ ￿11 be fuifiled in the reportirrfj kErlod. TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMrrED BY GUARANTEe NOTES TO THE FINANCIAL sfATEMErirs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2 ACCOUNTING POUCIES (cx•ntlnued) Grdnts are ￿gnISed when the has an to itr£ fvrKls arKI any cond￿OnS Ilnk8J to the grants have been met. Whwe FErf¢xmarKe u)rKlitions are att3ch8J to the grant and are yet to be met, the Income L8 r￿nISed as a liatmlrty arKI Ind￿ C￿ the balatKe as deferrd I￿Ome to be rdea5ed. Where enb'denvst to a grant cmjrs tefore is ￿1ved, the Ir￿0￿￿ is acoued. GTrnts ¥thith have us8J to assets capfital exFEfKliiure purFK)ses are recognlsed when re￿Ived. cwedab.on Is the￿ ex￿￿1 agairist ttus over ￿ usefijl ecor￿MiC lrfe of the assets. Where th￿e Is a ￿Mainl[￿j balan￿ on grart fuTrJlrrfJ irKluded ￿thIn thos wlll be the Net Book Value (NBV) of the Osset expensed. on￿ the grart has been fulty s￿t and the restiirti¢Ms removed the NBV is transf￿8￿ to the de&grklted Fixed asset rese Giftald Incomiry resour￿ from tsx are lTrJLAled In the slataw)t (* finarnial athvtMes at same tlnk as the gift to whKh tfv relate. Interest on funds held dew 6s lrKJud￿I when recdvaNe and amount can be measured rellably by the tharitsiAe wmpany; this is nomN]Ily up)n notsfication of the Interest pald or payable by bank Whue incomels recelved In than￿ of entfiuanent c( ￿elpt ￿$ rthjnition t5 (kferred aThJ IndLhJed In aEdltors as ¢thrr&J irKorr*. Income from d￿ritsbIe actmties Com￿75e of musajm admI￿on d)arges fees and tharges arisirvJ delivery of artI￿￿e5 aThJ seThlces for Its teEfioaries. ExPendI￿re AJI expenditure is recogni5ed (Y￿ ttwe is a *1 or cOrStr￿ obl￿31]0￿ to that eXFndltU￿, ￿ t5 obable Sethe￿it is required a￿1 amount can ￿ measured ￿liaNy. ￿1 ry)sts are allocated to the appliCaL￿e expenditure heading tst a93regate simikir o)sts to that category. Whtre costs cannot be direcuy attrI￿ted to parfdcular he￿Ir￿S they have been alkthted on a basi5 COn￿5￿t the Use of rescAJrces, central stsff costs alkxatal on ba515 of time and dewedatlon tharges alocated C￿ the pxtky) of the asseys ￿e. Expernllture on raising fiJTrJs the casts c¢ al tradltvJ act]ts. TULLIE HOUSE MUSEUM AND ART GALLERY TR COMPANY LIM￿ED BY GUARApifEE NOTES TO THE FINANCIAL 5fATEMEtirs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2 AccoufiTING POLICIES (contlnued) Charitable artlvlues Charitable expenditure ((￿wIseS those costs iThJJrred by charfty In the delfvery of its acbvttie5 and services f(* its E￿eficiarie5. It ind￿leS both c(%ts ttrkAt can LE all(￿at￿ dire(ty to S￿ activltle5 and those costs of an indirect riature ￿sSary to support them. Svpport costs Support costs indude ￿ntral vthlch have I￿en alocated on a b8sés cOn￿$t￿bt wrth the use of resou￿$. For ejample slaff cost by t1￿￿ 4Wt and otlw o)sts iry ttEfir w. Governance costs Governan￿ costs are costs inoJrred on the tharivs educational 0￿r￿tIonS, indudiThJ supp￿ costs and costs relating to the g0Veman￿ of lJ)e d)arity ap￿￿"Oned to tharrtabte activits'es. Consortlum Income and expendtture Tullie House acts as the lead daimant in a c(wLgYtiwn daim for Cumbrian Museums to the Arts Coundl England. The daims ￿Ved on LEh&lf of and ￿lid out to ots con9)rtium member5 do not form part of these account& Taxatio The charity Is consOdW￿ to pass the tests set out In Par￿a￿ l 6 of ￿nart(￿ Act 2010 and therefo￿ It meets the definttaon of a ￿￿TtsbIe cOm￿ry for UK cortKM7tion tsx purpose& Accordingly, the charty Is ￿t0allY exempt fr￿n tsy2tion in res￿* of i￿O￿e or capitsl gains recelved within categorie5 covered by Chapter 3 Part 11 of the CorpcKation Tax Art 2010 or Settion 256 of the Taxation of Chargea￿e Gains Art 1992, to the extent that SLKh ir￿)Me ￿ gains are applied exdusively to d)aritaLle pl￿)ses. Tangible fixed assets Tangible fixed assets costirrfJ £5(M) or are inttiahl measured at cost and are sthequenuy measured at cost or valuation, net of dep￿latIon and any 1trw1m￿nt loss. A wew for impairment of a fixed asset is carTlaJ wt If eMts or (knjes In drojMstsn￿ indicate that the canwrrfJ value of any fixed asset may not be recoverat4e. Shortfa115 betW￿n carying value of fixed assets aNJ tsEir recoverable arrwnts are recryjnis￿I as Impai￿ts. Irrwirn￿t 105ses are reC￿niSed in the ststement of finarKial adivities. Depreciation and amortisation Depreciation is prowded on tsngiik fixed atsets so as to write off the cost ￿ Val￿tion, th any estimated ￿dUal value, over ￿1r eytsed ecornn* life as follows: Asset da55 'xtures and fittirNJs Leasehold pro1￿ Improvements Equipment 10 years straight line 10 years straight line 5 years straight11 TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMrrED BY GUARAKfEE NOTES TO THE FINANCIAL sfATEMEKfs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 2 ACCOUNTING POUCIES {contlnued) F￿hOld propty Yffis wrtha5ed In the prevlous finandal year ft* £1. Thls is depreciated. These assets are rKcgnised at cost. tkwedation C￿ ￿ assets Is Mt until they are brought Investments Flxed asset investments a￿ a form of fina￿la[ in5thJmert are Inltlally at thelr transartion cost and sth8]uenlJy measurEd at falr value at balar￿e date, uniess fair vall (annot be measured relkNy In trEas￿ed at c(bt le55 Impai￿lt. SubsldLary undwtskfings a￿ V￿U&l at cost less for Impalrment Owzting l&ises Rentsls unthr O￿a￿r￿j leases are ctsrged to the Statem￿ of fina￿￿[ acbvtties on a strBight li bas15 over ihe kn5e tem. Stod( Is valued at the lower of cost and e5bmated sdllrg Pr1￿ kn c(6ts to com ￿ete sell, a regard for Ob￿￿ete aTrY slow stock& Trade debtor Trnde debtors and other debtCrf5 are rLwnlsed at Setttem￿ amount after ￿ trade dlscount offered. Frepa￿￿ are valwj at amount Fryald rt of ary trade dI￿Ourt5 due. Gish and cash equlvalents Cash and (35h equivalents comprise cash on ￿ aTrJ call dewsits, and other short-temi high Ilquid investments that are convertitle to a ktK)wn aThK)unt of cash and are subject to an ir￿￿nIficant risk of chaThJe In value. Trade credltors Trade crèjitots are otligations to pay f¢x gcKKIs or service5 that have acqulred In the tydinary (xjurse of bugnets from suppFiers. Accounts paYa￿e are (la￿"fied as current liatNltknes if the tharity d￿$ not have an Lrn>TrJrtic￿l right, at the ￿ of lthe rep)rtfing wfjod. to defer setdement of the creditor for at least trlelve months after the reFM)rtirKJ date. If thwe is an urKonditional right to defer settlement at least ￿e1ve nKJnths after re￿ts'r￿j (L3te, are presented as nonwp arKI the Chartty, wlth the same total fuTrJs carrfed ft)rward. The (¥)ly ftjnds movwnent differerKe betr￿en the Group and Ihe Chartty Is unrestritted general fU￿ts with the indivKdual Charlty r￿le￿r￿j I￿￿ne of £1,463,717 (2024: £1,335,049) a￿1 expenditure of £1,567,978 {2024: £1,620,225). The fi￿ing recelwy for Projett Tullie frnm Futu￿ Hlgh streets Rmd, Town Deal FU￿1, Arts cou￿1 match ftJnditvJ a￿ all in rdation to PFk35e 2. fU￿11r￿J recelved for Project T￿lIe from Naoonal Lottery Herltage furKI Is In rdalon to Phase 3. 65- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMThED BY GUARANTEE NOTES TO THE FINANCIAL sfATEMEKfs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 25 FUNDS {continud) Balance at i Aprfi 2023 BalaTh￿ at 31 March 2024 Income Expenditure Transfer5 Unrestrirted funds General General funds - all fvrKIs De5unata Cumbria &odNergty Data Centre Projett Tullie General Acquisiti( Cafe Investrnent Property devdopment fund COthn￿ Gallery 538.824 1,482,458 (1,767,634) (162,528) 91,120 153,996 419,284 25.0(K) 102,849 {112,065) (27,714) 144,780 381,130 25,000 (10.440) BtN),000 320,450 162 528 320,450 162 528 102 849 4n 538 1838 888 Total unrestricted funds 1585 307 19)7 413 310 010 1930 008 Restrlcted funds National Portfolio Organisatior Curatorfal and C(Alectlons Development Cosiume Gallwy Bu￿e and Me Once a Planet Thri￿ng Cornmunitie5 John Ellerman Foundatic Pilgrim Trust Wild Escape steps to Sustainatmlty Project Tullie- Town Deal Fund Projert Tullie - Future High Streets FuThJ Project Tullie - Matth funding Proiett Tullie - Art5 Counol ErrfJ1a￿ 6,465 406,521 (369,419) 43,567 71.962 375,352 130 24.839 41,855 37,336 (71.962) (54,902) (320,450) (130} (23.999) (21,521) (29,710) (5.993) (2,479) {278} 20,334 7,626 610 2,179 23 10,000 9,745 249.465 99,217 (36,585) 312.097 184,259 426,814 (41,586) 569,487 250 2(K) 450 74,638 566,558 (121,616) (9,892) 509,688 -66- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARArirEE NOTES TO THE FZNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 25 FUNDS (contlnued) Balance at l Aprll Balance at 31 March 2024 Project Tullie - Natlonal Lottwy Herltage FuThJ Volunteerfng Futtjres Projett Tullle- Phase 3 Delivery matth furKIITrJ Cadisle LCEP Art R¢rKi grant BrOr￿ Age Gold Ami ￿ng Art Fund grant Uncoverlng R(yman Carltsle Exhibition: Dlgglng Deeper Headley Twst Backing the Blues exhbbitlon Uncov￿￿ RThn ca￿lSIe Cafe RefvrtY4)mert Historfc Er¥JIa￿l grant for Gatehouse 25),￿8 245,0 {271,000) (319,847) 20,332 104.102 29255 50,000 6,407 5,671 (764) (3,500) 55,(KK) (50,K29) 4,171 iO,(KK) (io,Th)o) (7,500) 5,454 (454) 5,000 1,8 75,650 75,650 Total restricted funds 1179333 2256551 16818C#) 310 010 Total funds 3 121437 3 841858 3 611808 -67- TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 25 FUNDS (continued) Designated Funds Cumbda Bk)diversty Dats c￿tre (¢JDQ - A¥xls designatsj by Tru5tee5 towards the run￿ng of CBDC to offset fvttjre losses. General Acquisitions - the purcl)ase of to cdkction. txjring year £5.000 was utlllsed towards purd)ase of a Lowy paintirvj. ProJ￿t Tullie - To sUPPOrt the ￿￿￿(1￿1t for the £120,455 (2024: £10,713) of the funds have been spent to purchase assets in year whith are ind￿￿ in A55ets in the Course of c(￿struCtion. In a(Idits"on, £108,179 of fvrKls have been ¥￿t ￿ Project Tdlie exFenditure. Café Investment - For purthase of rtems to enharKe vistor ex￿er1en￿ in the café. Durirvj the year the remain1r￿ balan￿ of thls fuThJ was transfetr&d to Project Tullle designatd fund% Property deVelopn￿t - Prowded by CllmL*rland Coun(il for the in(Teased costs in operatiTrJ from ajdibonal properties. DurirvJ the year E150.OW of ttE5e fvnd5 have been expEnsed on the Cafe Refublshment works and this has as a transfer to the restrict￿ Qife RefurbishnErt restricw fund, Costume Gallery - This balan￿ represents the Net BcKJk ValLE of fix￿ asset. At the yw end thls furKI was trall5fer￿ to be reo)gr4sed within the Fixed asset reseNe. Fixed asset reserve - This balan￿ re￿￿ts Net Value of the fix￿ assets ￿ld in unrestricted fuThJs. Restrlcted Funds National Portfdio Organlsations - Balar￿e of amual fuThJlro from Arts ErylaThJ. Curatorfal and Collections Development - Dork3tlcfft towards the develcpment and dLsplay of the Mu%um's C￿l￿ti￿ts. This fuThJ provided the match fiJTrJing for Costume Gallery prOj￿t Costume Gallery - Grant furKllng from tKMS WcAkn, Cumbria Lctsl Enterw'se Par1nership (CLEP) nd Garfleld Weston the developrrEnt and instsllation of new costume galw. The remainlng balarKe represented the Net Bcok Value of lthe CosbJme GaI￿ry assets. our1￿j the wevlous year the remaining balance was tranSf￿red to designated furKIs, a5 there ro remaining restriCtic￿5 on the fu￿% Bubb￿ & Me . Grant to furttrw the opptrunities for to extkne identity, I￿1￿Ing and ltheir sense of communty ttwh a series of cwtive pro]￿ts. John Ellemian Foundation - Grant r￿Ved over years towards cUrats￿al salaries proje(t costs related to the rationallsation of sooal history Collectio￿ at Tullie House a￿1 Lakeland Art5. £949 of the funds was spent to pur(hase an a55et in 2023 year erKI. Wthin the year end balarKe is £427 reflerting the Net Bwk Value of this aSseL TULLIE HOUSE MUSEUM AND AKf GALLERY TRUST COMPANY LIMifED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR EP4DE0 31 IURCH 2025 (CONTINUED) 25 FUNDS (contlnued) OrKe a Hanet . Grant r￿efved from Esnth Fairbaim c￿l￿￿or￿ Fund. The grant Is for two yetvs for the Once up)n a Planet prO￿t to raise awarene55 ￿jers￿nd1rrfj of the dlmate Cr1￿$. Pilgrim Twst - Grant for the Luguvallum ExrA(*ed ProJ&X '. un1(￿arrfj the PoknOal of Tullle House'5 Intemationalty SBJnlflcant Roman Colleth(x). £949 of fvnds was 5￿t to wrttose an asset ir* 2023 year end. Wtthln tr* year eJKI bala￿e is £421 refiectiThJ the Net B(K* Value of this asset. Thrf￿n9 cornm￿￿ties - Grant for reoultsment of C￿T￿nUnty ￿0pr￿ent W(*ker. Wlld Escape - Grant wel￿d Nature Tako)vw. an exciting ￿lebrat￿)n of naturBI W￿ld and Tullle s amaang cdkntions. Steps to &Jstslnatxllty . Thls Is a NHLF fijnded run by the ￿jaI Enter￿'Se *£ademy. The alm of the prcgramme Is to get a new Ir￿￿&￿*Ing initiative off ￿ ground. Pmject Tullle . FlJiurE Hfi￿ Streets F￿K1 - Grart rec￿] ovw two yeats to 9JPPOrt the catNtsI devdotmnent plans for the gte. E458,309 (2024: £507,124) of ￿ furKts Iwve b*n S￿￿t to purchase assets In the year whith are IndUd￿ in assets in the cowse of constnth. proj￿ Tullle - Matth fiJndiThJ - Grart to supp(Nt tt* (zixtsl plan for the slte. Project T￿lIe - kn Coundl EngkrKI - Grant recaved to 5UPF(rt ￿pital devdcynent plans for the slte. £1,015,417 (2024: £431,474) of the furmts have Sp￿t to wrrhase assets In the year ¥thich are i￿luded In assets In tt* cwrse rf ccnstrvckn. Pro￿ T￿lfie . Town Dea ￿nd - Grant received over three year5 to wppjrt the capital d￿￿0pm￿t ptans for the site. £1,233,006 (2024.. £149.119) of the have been s￿t to purthase assets in the year which are Ind￿ed In assets In the c￿r$e of C(m￿(m. Carlisle LCEP - Grants frcm curi￿ts Mind5 arKI Cumixia cO￿ty Cound to Sukwrt work of the Carllsle L￿P (L(ol Cu￿ra1 Education Partnershlp). The wrFose of the L￿P is to bring together schools and formal leaming EYoM"ders with arts and adture organisatic￿5 to ￿tter kin up provis￿n for Childr￿ and youTrJ pecyle in the aty. FurNllrwJ will ￿ used to delivu acbwty, F*omote tl p¥tnership and wovlde pald 9JPPJt with crAYdInati￿ ad￿Nn. Project Tullle ph￿ 3 Celivery matth furKiirwJ - Grar¢ts reLeiveJJ towards prO￿t Tullie. Proj* Tullie - National Lottery Heritage Fu￿1 - Grant to gJPkNYt the deVelop[￿t plan for tl ste. -69- TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY UMITED BY GUARANTEE NOTES TO THE nNANCIAL STATEMEpifs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED} 25FUNDS (continued) Volunteerlng Futures Brfros tcKJether 10 slrategic patts*r5 to delNer a krge-scale, ambilious pr￿ramme of voluntsirwJ in culiural sector acTOSS the ccmjnty. It Is a tsvo year project that wlll improve community wellbang, grow capaaty Workfo￿ dEve￿ty Kr055 tIE Cumbrian ajlture sector breakdown barriers to volunteeriNJ that exist a(ross a large, cOm￿e¥. rural county. £4,967 of the fvnés was swt to purthase assets in the 2023 year end. Within the year e￿ balan￿ is £2,235 refl¥brKJ the Net ￿)k Value of this asseL Jonathan Ruffer Art Gfant - GTrnt Y￿th ￿ aim of (kn￿o￿ng 1nterpretst1￿ and public engagement, devel￿Thj new parts￿rShIpS, ins￿tUtiOnal strategy aTrJ ￿￿Ofe￿onal develO￿eTrt. Bronze Age Gdd Am - Vari(XLS grnnts r￿e1Ved in the finarrial yw to ￿UIre tl Bronie Age Ami Rrng. Tlis is a shwl (h¥T￿lp ¥￿th Beacon Museum. Uncoverlng Roman Carllsle.. Di9Jing Dew exhibition - Grdnt r&eivd in prevKxts firwKial year from Holley Charitsble Trust. This exhit4"tw)n th)wca5ed the &gnlficant fi￿1$ urKOVer￿ at Cadisle c￿Cket aub, as part of the u￿0venrIj R￿nan Cadisle EYoJecL Headley Tnjst - (>ant r￿aVed in the pre￿(￿1$ finatKJal year for the Blojlversty Curator fund. B&klng the Blues exhlkntK)n - Worknng in partnership with Carfisle Unlted fwtball Club to njn t exhibition. FurKiing of £5.000 was rere1v￿1 in prevK)us fIna￿la1 year frlxn Cumwand Council the projecL Additional grant re￿1¥￿ of £58.673. Uncovering Roman Car11sle - Grart ￿e1ved from cUM￿aTry Coundl for the leamlng team to run engagement a￿V￿e$ at (ricket dub dlg at Week￿lS and durirKJ May half-term. UK Shared Prosperity Fund . Cafe Refijrbithment . Grdnt from CumLErland Coundl - UK Shared Prosperity Fund for work to te cOm￿e￿j on ￿ Cafe refurtrfshments as part of Project Tullie. Last year indudal £45,500 of experKlltu￿ indUd￿j In In the Course of Construthon, ¥thlth have b￿n capitalisd as assets ￿thin the year. £150,0(KJ of ftjntts the Pro￿rty development fu￿ were utilised for the refurb15hm￿t Costs wthin the year. Tr rwnaining balar￿ held 15 Me￿Ie up of the Net Book Value of the refurtxshn*nt assets of £224.850, this has all been transferr&J to t Fixed asset re5eNe within designated reserves as there are no lorw ary restrictions Wd. Hlstorlc EnglarKI grant for Gatdbyjse - Gratt receN8J for work to be (omFleted on the Gatehouse as part of Projett Tullie. £102,093 12024: £5,675) of the furxls have twi spent to purchase assets In the year whith are i￿lud￿l in Assets in the c￿ of CCnstr￿. Serena Korda Artwork - fLY a majcy new art instsllab.on ¥￿thin the new Phase 2 welo)me area was idenb'fied in 2023. To facilitste this, ￿￿ling was seajryl fr(Kn the V&A PlJrclNHse FwKI, Art Fund and the Henry Mc(Jre towards the acquiytion and deVe￿)pm￿t of thi5 larg￿5(Ale sculpbjral ple£e by Serena Korda. -70- TULUE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMftED BY GUARAPITEE NOTES TO THE FfNA14CJAL sfATEMEPTrS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 25FUNDS (contlnued) V&4 Lowry paintirvj . ￿rK11r￿J was s￿red from the V8A Purdlase tThards ￿ pint acquistlon (wlth the Beacon Museum aThJ the Maryport Marttlme Musan) of an LS Lwry drawing 'thurch on the Quay, Maryporv. The totsl purdNAse pri￿ was £42,5fKJ, remalning balan￿ covered by contribu0￿￿ from Cumiwland CwrKil. Weston Loans - Thls f￿1 S￿￿ted dev&ptTErt knlla Fell eXhI￿tIOn and ass(xJated delivery costs indLkllng transkX*t, staffir¥J, marketiThJ leamlro tryrammes. The Sheila Fdl ran from NoveJniv 2024 - March 2025. Granada FourKlation This fvrKI gJPFQrtoJ the devdopment of Fell exhlbltion and assooated ddivery o)sts indLkdlrrfJ transt(¢ ca￿1 stsffiThJ, Marketi￿ ￿ learnlro prcorammes. The Sheila Fell eXhI￿tiOn ran from Novemtw 2024 - Marth 2025. SlTrJh Twhs Fu￿1 - FunthrKJ was searnj from ￿ Art of £9,￿, V&A Arts Cow(Jl of £5,ryxi, and ConteMp(￿ary Art of £12,(KM), tth¥ards the KqulSlttC￿ of Sngh Twlns artyrfork 'lrKilennes: The Extended TriaTrJle'. Unrestrfded Funds CumLEtland thjnal culbjre grant - Grant curn￿ Cwnty CwrKil to gJtp)rt the Operat1¢￿ of Tullle House. Culture R￿Very Fund . The was de5MJ￿I to en9Jre culbjral Insututbns ￿ reoFen *ter prok)nged of dosure due to the COVtD paThJemlc, to futtl￿ preseNation aThl sustainability of Orga￿Sat#￿ aThJ to en9Jre nK)w in organisation's future swstalnablllty. -71- TULUE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIM￿ED BY GUARANTEE NOTES TO THE FINANCIAL sfATEMErirs FOR THE YEAR ENDED 31 MARCH 2025 (coFiriNUED) 25 FUNDS (continued) Transfers During the year fdlowirrfJ tThinsfers were maje: £6,199 was trander￿d from unrestrirt&1 9wal f￿dS to the Bad(lry the ￿UeS exhlbftlon, to count for the over5PWKi ￿ the furky smthin year. E2,100 was transferred from ursrestiicted ger*ral to the &rena KC￿da AthC￿k furnl whlch represented the committed Contr(txjb"￿ from free reserves to projecL Cfverall this project was i)ver5pent by £10.949 and the remainirvJ furKIs were transferr￿1 from ProJ￿t Tullie funding (£8.722 from Arts Counal England fundlng a￿1 £127 from Town Deal Fund fvndlw). E413 was transferred from unrestrthd ger*rnl thjs to ihe VdunteaiThJ Fu￿re5 fil￿1, to account for the oversrond on the fund Y￿thin the year. £8,333 was transferred frc*n unreslritted fur#ts to the Nxed asset resetve fijnd, representlrwJ the unrestrirted assets pur￿￿￿1 vAthln the year. £121,808 was trdnsfetTed firffi p￿Ject T￿lIe deggnatsy fvn(ts to unrestTirteA general funds as part of a commltment to supwrt the Musewn durirKJ of d(￿￿ durfng the PrO￿t Tullie capitsl development. £5,000 was transferred frc*m Cafe Investment to Pro￿ Tl￿lIe ￿thin ¢JesNJnatsJ reserves. £5.(MJO was transferred from General Acquisibons deS￿nated fund to the V&4 - Lmy paIn￿n9 furKI which represented the committed corttribulion to the [￿jeCL £150,000 was transferred from the Pwrty devefo￿nent designated furKi to Cafe Refurblshment restrtrted fund represenb'ng a C￿ti11XrtJ0n towards the Cafe Refurbishment (x)sts. The balance of £224,850 was then transfe￿ed to the fixed asset reserye. £502 was transferr* to the &ngh TWI￿ ftThl whld) wresents the commthl contrityJOon from free -72- TULLIE HOUSE MUSEUM AND AKf GALLERY TRUST COMPANY UMrrED BY GUARAfuEE NOTES TO THE FINANCIAL sfATEMEPUS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 26ANALYSIS OF NET ASSETS BEfwEEN FUNDS Group Totsl funds Restricted at 31 March funds 2025 ufireStrkt￿ funds TangltAe flxed assets 778,732 4,054,498 4,833,230 303,288 2,371,233 873 270 303,288 661.102 Current assets rrent liat¥litie5 830,839 879,292 Totsl assets 4 933 790 6 634 481 Total funds Restricted at 31 March funds 2024 Unrestrktd fund$ Tanglble flxed a$￿ts Flxed asset Investments alr￿nt assets rrent Ifiabill￿e5 521,107 1,313,481 1,834,588 303,288 2,469,280 303,288 783,1 1317,781 368,319 Totsl rEt assets 1681800 73- TULLIE HOUSE MUSEUM AND ART GALLERY TRusr COMPANY LIMtTED BY GUARAPITEE NOTES TO THE FINANCIAL sfATEMEP￿s FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 26ANALYSIS OF NET A55Efs BETWEEN FUPIDS {rontinue41) Charity Total funds at 31 Marth 2025 Unrestrlcted funds Deslgnated General other Taryl￿e fixed assets Fixed asset investsnents ent assets Cu￿ent liabiliti'es 778,732 4,054,498 4,833,230 303,289 2,348,491 850 529 303,289 638.360 830W9 879,292 Totsl net assets 49337 6 634 481 Totsl funds Restrlcted at 31 Marth nds 2024 Unrestrtcted funds Genernl Deslgnated Tan￿￿￿e fixed a55ets Fixed asset investmer Current assets CurTent IiatJ"li￿eS 521,107 1,313,481 1,834,588 303,289 2,465,525 303,289 779,425 1217,781 368,319 Totsl net assets 1838 888 3 611808 -74- TULLIE HOUSE MUSEUM AND ART GALLERY TRUST COMPANY LIMITED BY GUARAfiTEE NOTES TO THE FINANCIAL sfATEMEpifs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 27ANALYSIS OF NET FUNDS Group At l April 2024 Flnanclng cash Ilows At 31 March 2025 Cash at bank aTrJ in hand 1538010 1529 009 Net debt 1538 010 1529 009 At i Aprti Flnandng At 31 March 2023 cash ffttrws 2024 Cash at bank a￿1 in hand 262 620 1538 010 Net thbt 262 620 1538 010 Charlty Atiwi 2024 Hnandng cash flows At 31 March 2025 Cash at bank a￿1 in hand 1512 627 Net dtht 1530 577 At l Aprfl 2023 1512 627 At 31 March 2024 Flnancing cash fvws Cash at bank arml In harnl 1761159 1530 577 Net (kbt 1761159 1530 577 -75- TULLIE HOUSE MUSEUM AND ART GALLERY TRiisr COMPANY LIMITED BY GUARANTEE NOTES TO THE FifiANCJAL sfATEMEiif5 FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 28RELATED PARTY TRANSAcfIoNS Group During the year the group made the followirKJ relat8J paty transactions: Museum Dirertor In his role a5 Museum Directr*, the DireLtor ￿1ved ￿￿neratIOn in the year an￿Unting to EIOO,462 {2024: £98,012) Trustee patron payments During the year the chamty recdved tc*al patron payn￿5 from Trustees of £3,l¢J) (2024: £2,750). Charlty Durlng the year the tharity made ftAlowiryJ rdated party transactims.. Tullie House Museum and Art Gallery Trust (Trading) Limited Tullie House Museum and Art Gallery Twst (TTrding) Limited is a wholty owr￿￿ subsidkiry rf TuNie House Museum Art Gallery TrusL At the balan￿ sheet date the arwunt dL¢e from Tullie H(*tse Museum and Art Gallery Trust (TrèJlrKJ) was £35,893 {2024: £26,378). MUs￿m Director In his role as Museum Dir&*(x. the Dirth ￿mUnera￿￿ In the year arYKxJntlNJ to £100,462 (2024.. £98,012). Trustee patron payments DunrKJ the year the tharity recelved t(rtal ￿tron paYn￿ts from Trustees of £3,100 {2024: £2,750). 29SECURrrY The grant receved fr(￿n the Arts CourKil Engla￿1 for Proi&l Tullie is secured by a fix8J charge dated 14 December 2022 over the ￿se1￿4￿ and freehold by TrusL On 23 May 2025 additiona tharges were registered. T￿ beiTrJ for the National Heritage MeMO￿al FurKI from grant ctK)tr* in Sgxanber 2024, seojred over leaselKJld property hdd by the TrusL -76-