2022-03-31-accounts

R•gl•tsrnd numb•r. 08QJ6113 Ch•rlty nurnb•r: I14￿10 D•rty MuMum• Tr￿ta￿ R•port and Flnandal Slotsm•nts Forth• Year Ended 31 Morch 2022 IDAINS hCCOUNTANTS

DERBY MUSEUPIS (A Comp•ny Llmlt•d by Gu•rnnt••l Cont•nt8 Pago R•fOr•n￿ and Admlrf•trAtlv• D•t•ll• olth• ¢•)mpanyi It• TnMt•M and Ad¥l8•v• TnMt•H' Roport Tnwt•H' R•8pon•lblNtlw St•t•m•nt Ind•p•nd•nt Audltorn. R•port on th• Fln4nclal 8t*t•m•nt• CoMolldat•d Stat•m•nt of Flnon¢hl fv&tlvlU•• 2-14 15 18-19 20 Con•olld•ted B•lanc• 8h•ot 21-22 Cornyny BAIAnc• Sh••t ConuAldat•d Sl•t•m•nt ol Flomb Not•s to th• FIn4nd￿ Stat•monts

bERBY MUSEUMS IA Company Umlt•d by Gurnnts•) R•f•r•nc• and A¢knlnl8tr•tlvo D•tall• olth• Company, It• Tru•lws •nd ￿¥1•￿¥ Forth• Y••r Endod 31 March 2022 Tnwto•• ENzthth Fotherglll. CBE. Chalr Palrf¢la Colèman. OBE lrnslgned 28 SepteTrt>gr 2021) Ma￿1 Cr8v¢n. MBE (re8lgned 28 September 2021) Da¥ld Ung Iro8lgn•J 28 Septthnber 2021) Roa•r Merch•nt C•rolne Mccomb, Vtc Chalr H•glh•r Broughton {re8lgnBd 28 Septnb8r2021) Dab8y Gi￿￿4n0 Llnda Sullvfjn Counciilor Lucy Care, noNln&t•d m•mb•r from D•rby C*y Count Prol•8sor K•lth McL8y Coundmor Joanna West, nominated mmborfrom Dfjrby Clty CO￿￿1 CoundM¢x Robln Wood, nom]n8tod mernbet from De￿ City Councll Dr lQron Gdffin Charlotte Holmos An¢kow James Flnthay lappolntod 28 SoptombeT 2021) Comp•ny T•gl•t•r•d numb•r 08036113 rnimb•r 1149710 Mu88um and Art Gollery Tho Strand Dorby D8rby8hlre DE1 1BS Lord Cav•ndl$h. 12th of Dgvon8hke Ind•pnd•nt •udltor• Dakn8 Audlt Umtted statulory Audltor Chart8Tgd ACcoL￿tAnts Sutte 2, A￿lon Hou 2 Etruria oifth Vlllago Forge Lane Stok8 on Trnnt Slafford8hire ST15RQ 8thk•rn 31 East Strg•t Dwby8Nro DE1 ZAL Santander UK PIC 181 Floor 5 Mark•t Plac Derby DE13PY Pago 1

DERBY MUSEUMS IA Company Llmltsd by Gur•nto•1 Tru•t••B' R•port For th• YoAr Endod 31 2022 The trustees Iwio orn also thrector8 of the tharlty for the purpose8 of th• Comp8nlu Ad) present their annual Teport togetharwllh t￿ audit¢d finanrAal Blat8ments of Darby Mu$oum8 Ithe Group) forthe year ended 31 2022. The tru8t•88 contlmi that the Annual report and ffin8nd￿ 8lalem•nts of ihe company comply th• cuThgnt statutory r8quiremon18. Ihe rnqulrem8nt8 of th• compan￿6 gov•mlng document and th¢ provF8Son8 of the Acrnunttng and Reporting by CharNI88'. Statgm•nt of R8￿M￿nded Pradlr appl1¢ lo chariU98 preparing thelr accounts In acwrdonc wth the Flnanclal Reportlng Standard applkable in thg VK and Republlc of Ireland 18¥u#d in Odobor 2019, th• Flnandal Ropothg Standard appllcabla In thg Unmed lfjngdom alld Repubuc of Ireland (FRS 102), th• Charltl&6 Act 2011. the Cowies Ad 2rK)8 and UK Gen•rally Accepted Accounung Ob￿v•S And aGtMd•• . Polkl•s and obJ•ctl¥ In Sottlng oblecllves and plannlng for 8dv6tk8, Ihe TruBtee8 have given due consld•rdon to goneral guldanc PLthli8hed by th8 Chadty Commls$ion rolaling to publlc benofft, Mudlng tho guklan¢• 'Publc benofiL' runnlng a cha￿ty IPB21'. Tho v181on 18 that Darby MLb8•ums kn f¢K th• thlnkar al￿ maker In al of us. Tog•th8r mak¥ museums for tho hgad. I￿rt 4nd hand& We do th18 ty. Belng indop8nd8nt Fo8teMg a 8wriI of exp8rimantallon Pursulno mutual Mlalion8hip8 CrnaUn9 thB CDnditions forwel belng Provlng that wo orn doln9 0￿rthel38 decade the8e vMIu88 hav• h•lpod th• organi8ation tran8fomi from a Ir8d6t6onal counc4 run muBeum $ervlce lo a thrfvlng go¢lal culiural onlefprf8e - One that Is ￿MMer￿al￿mInded and opportunk8ti4 wilh Prof￿nd sen￿ of sodab PU￿￿. Museum$ been eBlabllGhod a6 8 company Ilmltsd by guaranloe vhth oxduBlv•ly tharAabl8 oblo¢ts.1th ob￿¢1• and $trategle8 have been updatsd from 1 Aprfl 2022 to tho f01tswi￿.. Pag• 2

DERBY MUSEUMS (A Company Llmlt•d by Gu•rnnt••l Tru¥t•M' Roport l¢ontlnu•d) Farthè Yur End•d 11 2022 Obl•ctlvM and •ctMd•• {¢ontlnu•dl Ob'ec(iire8 sw5p￿t therocovery of (w¢ity strale l. Imjyove the visitor ecollomy byattractin8 more uiitwE to ourmweuml and ts Dety. lites 74iU wel￿0 ISO.(4X) in 2022-23 th]ncrea￿l thvofoUrauth'a￿ell0Jp¢¢t the #et CAtt IJ CAJt Inelushiity Releirallce PlaL 2. Work Fjith D to deliveT tho city cffjt of Dthy Muse4un ud Art Galltty uttder the concept ofihe 'idea¥ Mthith Judt U5, by the end of 2022. 4. knpth)erthipwithDffbyCity Coullcil Elldlocal or8￿11&￿0￿3. masterpl4 Jupport Heart st￿T. ond help CTeat¢ a Cty CvlturaiComp&ct by 2022. 5. Ptsyaninte8ralToleinaDapplicatioDforUK ofojhure for 2025 Jfjd 2029. O. PlayaleadrohiLth• dewiopmwth Bnd activiti ofthe Enslisb Ciiryc MUWn￿¥Netll￿k. l. £lth for the Dety Ethwment by 2022. 2. N&illtsitiartitto of 50.50 ean)ed Jndci>nthlthd illcome to ditect public iDvots1wDt- iKoEdHJA Ipread riyk 2022-13. 3. Make wJ8TeJs ill 2022-23 ￿ that Dethy diirene 4nd Teweaenttitive of cittr'i MthTce. itt gender, etknicity. diiabijity llnd doaj. 4. Doirelop th lthker CQTam￿Ity thiou&h the ProEp¢cL iYorlJhoN aad re%idellcte#. olltcomeF . Support locol M8knTJ woth]t•n ty PIlQTittYy￿ them bit SOllTCiII8 tbeir products in O. Cre* tha Dèrby Sknry adi￿¢4¢Y a￿1 Pap3

DERBY MUSEUMS (A Company Lhnlt•d by Guarnnt••) Tru•t••B' R￿1)rt (¢ontlnu•d) For th• Ymr End•d 31 Mar¢h 2022 Objoctlvm and actlvltl•• l¢ontlnu¥dl 20￿23 clry io t1￿1 ft ts All Irthg.teD)I IL pl•Eè ￿ all Pago 4

DERBY MUSEUMS (A Company Llmlt•d by Guarantsol Tru¥t•￿' R•port Icontlnu•dl Forth• Yoar End8d 31 M•rch 2022 ObJo¢tivo• and •¢dvltlM Icontlnu•dl Strate l. hlakn IIJYA of the Jowjb IThiBbt of Du etillettion a￿￿&ble dw'tallyby 1022 2. R•i ffiv8reDu¥ of Jo4eph Wnght of DeTIry aTrOD8St Derby people thrLIU8h neiv exhibitions or diaplffjry which focus oll hi¥ A'OTL hi$ Irf¢. and hi¥ pEw¥ C4)ntextwb¥4 the vNotk of Joleph of 4. IV¢ vrili div￿ Llld •tti ￿ cutaton to devthp n6W &¢tiirylie¥ alld di2plDy, eddinB new light Qn L￿]lecti￿ 5. Ptowote our way$ of ow &¥petienc¢ of dehwiti8 th• Mwum of Makw, thTotsAb natiots￿ and iuteTDatiollal Charlly Tgglstrallon helps the thadty •¢hl•v& kn objects, most 8lgnffi¢8ntty In r•lolion to ffijndral￿nV and ghoo confidonc& lo Ihkd partios, particulafly fijndlng partner$, that the organlsauon op8rat•8 to tho hlgh8Bt 8tanda(d8 of good govemanc4 and18 1)v•r89gn ty on kndepBndent fegulator. b. Fundr•l*lng pra¢U¢ The •ppmach taken by Owty Mu8eum818 to bdonlfythe no•ds of thg organlsalwjn at the 810rt oflho year and to reBear¢h tNsts and foundations Ihal would be Interested in fundlng thes•. Where no fundNig 18 found. Ihen the pro5actwould be postponed unlll fundlng Is found. Genernmy. all fvndral8lng18 dona kn houEe by tralned membors of Staff. Dgrby Muggum8 do not approath p8opio In IIB fvndraising a¢Xlvilkns, No cold calling or streot collecaing l¥ don• and th8refore dO￿tiOnS ar6 totally voluntary. Derby mu￿uM& did not any COMp￿tr￿ re￿rdIng It8 fundralsln9 wactl¢eJ. Pag• 5

DeRBY MUSEUMS (A Comp•ny Llmlt¢d by Guir•nt••l Tvu•t•••' R•port IMntlnu•d) Forth• Y•Ar End•d 31 2022 A¢hl•vem•nt• and pgrfomian . R•vlffi of a¢tlvltl•• 2021 8tart¢d ￿th a bang. wmh Derby Musèum6 b8lng the vanward lo the reCO￿ry ol th? ctty following the pondeml¢. On 21 Moy 2021 Th• Mu￿um of Maklng al Dorby Silk Mlll ijpgnod aftor an £18m rofurblshmanL a we¢k lalar, on 27 May 2021, the Derby Ram Trdl open8d. Both of th0s8 m8lor ￿ents encourag8d th• PU￿1¢ lo com• b8¢ Irrto the city and holp regon•Tate aCt￿mI&s. From May 2021, for th8 first time in a d8cad¥, Derby Museums fulty op8rated three museum 8ite8: Darby Museum and Art G•lory, home to the world-famou8 Jo8tph Wrlght colledons, the newly opened Mus•um of Mknng at D•rby Silk Mill and Plckford's Hou8•. Thg D•rby Ram tral took place b•tsYeen May and Augu8t 2021 followed by the audlon on 9 Soptember 2021 whlch ra18ed £150,000 for th• Derby Museums, 8ndowm•nl. The trall was con6ldgrgd a grgal 8ucce Key 8tali8ttcs from th• •vent were Over 90% of p8opl• ratsd th• trail as'brillianf or'vory good An 8stimaled 32,075 trall maps woro picked up by v151tors 7.840 Ram Trail'apps. hav8 b•gn downloaded Over 4,050 chlldren from 21 schools took p8rt in the Sth¢>ds Mlnl Ram Trnil competitlon Over 50% of people have ViBiied Derby mora Ih8n once to complete th• trail, some more than four Ilm￿1 O￿T 50% of people sald thè trall encouraged tham to vl8tt partB of the cty th•y had not been to and over 70% Bald thot thè tr851 had encouraged them to ¢wsider anotherv58A to Dgrby. Pago8

DERBY MUSEUMS (A Comp•ny Llmltod by Guar•nt••l Tru•1•￿. R•port l¢ontlny•d) For th• Y••r End•d 31 IAw¢h 2022 Achl•v•mont• and perfomi•nM l¢ontlnu•d) Ov•r 75% of p8opl¥ have reported 8pendlng more than £10 In the dty on Ihelr ￿$St. Wth an avorago aP￿d of £35 per group,11 Is 9￿Moted that the trall conlrlbuted £1.4m to the lo¢xl vl8llor economy Localty, reglonolly gnd nthnalty- the Iro11 featurad In 103 medd <yJllets wSth an estlmatfjd lotsl audlonce reac* of 228,719,722. ThSB Induded o total e8tlmatod •udlenc• mch of 118, 749, 507 for nqJon81 and Intsm8tlond oul18ts, 19,986.000 for broadcakt (natlonal and Intematlon81) 89,898.057 for roglonal (prfnt 8nd onllne), '44yr•• Alcng8id8 tho famlllar pwman•nt dl4)lap, thorn W8Te Spedal exhlbfoon8 In muleum. At Pldrford'8 Hou80 Florence Nlgmngale He8tth at Home oxplored lh• pioneor of nurslng's Idoa$ afound domesllc seff caro. At the Museum and Art Gallery. there was an enchanllng oXhIb￿On of work from ¢hlldren'8 8Lrthor John Yeomon and rgnowned IllustraloT Quenlln Blake, 50 Year8 of ChlldTen'8 Books. Al the Muooum olmaklng the Scd• axhlb5tltsn vA)id) brought togoth•r art, sd•n¢e, Iho naturAI world, modolllng and maknng. At the beglnnlng of October hawtsmi, the Inaugural A68embl•: DethY6 Fosllv81 of M8klng, a now ￿era￿On of the. prnvlou$ly popular MakeT Faire took ￿ace Page 7

DERBY MUSEUMS {A Company Limlted by Gu•rant••) Trust0￿. R•port Icontlnuedl For tho Y￿r End￿ 31 March 2022 A¢hl•¥wn•nts and p•rfomianc• Icontlnu•dl The next 8p•¢lal oxhlbftlon at the Mu8eum of Moklng ths Cabar•t M•¢h8nl¢al Theatre. a loyfvl ¢ollecUon of Interactive automata, At the Museum and Art Gdlery. thor• was a photographic exhlblllon from 8urrea118t artlst Claude Cahun. Worknng nearty 100 yogrn ago, Cahun'l c￿)ntoMp0rary glejae prints. made from 8carA of her orfglnal photographlc 88lf-POrtrglt8, ¢on61dered notlons of gendar and Identity. Throughosjt tho I￿ntsr we h08ted tho Lampedusa cro88; a BrfU8h Muwm Spoulghl Loan. Th• cro85 was mad• by an Italian fi3herman from the wreckage of a woodon bDat carrying mlgrants acro88 tho Medll•rrnnean, vthlch had CBpsized causing most ofthose onboard to drown. The Museum of Maklng has won $0¥oral award8 ¥lnce it ha8 openad and was shortllsted for th• pr•stlglou$ Art Fund'8 Mu88um of the Year award. The ded8ton VAII be announced on 14 Juty 2022. Derby Mu8eum8 wa8 SUC￿88ful kn èxtending if8 NPO status for •￿hor y•gr (2022123) and18 In th• proc￿1 of applyng for thg noxt NPO pertod P02>28). In March 2022, Derby Mu88um$ was awarded a totsl of £2.7m to purcha88 a 88lf Vtr8￿ of J088ph Wright. which had ￿an In ylvat• hands. Page 8

PERBY MUSEUMS IA COrn￿nY Llmltod by Guarant••l TN•tsM' R•port l¢ontlnu•d) For th• Y￿1 Endod 31 ￿r¢h 2022 AthI•TMmonts WHI porfom)an¢o {¢ontlnu•d) b. K•y p•rlorrnanc• Indlcato SouTC98 of Incomo: 2021122 Consolldated YfD Income by category (exc HLF) Ci)mm*¥rkl 17% PublkSectorthcEI 14% PublicSectorl¢wd support) XpubllcS•ctorir contiN)tyt¢d Inwm Followlng on from the previous year where w8 recefved oddmonal covld gupport. thls year ts more reftecllve of a 'nomal yoar. Tho peryxntsge of Incorne from Derby Chy Cound wa8 19% and Arts Coundl (England) bdng 14%. We dld r¢c¢lve a Small amounl of support foT Covid, whith amountod to 2% of tumov•r. Conlributed incomè, which 18 momy mainty frcm twsts and found411gn8 Increa8ed to 48% and 11 wa8 ￿e9$In9 to 8ge that Cornm8rdal Income bounced back to 17%. Derby Mu89um$ havo also recelved capital funding for th¥ rndsvelopm•nl of The Museum of Making at Dtiby SIU¢ Mlll which has nol been induded above. Vlsltor numb•rn: Vlsltor Numbers - all 3 museums 21X)W) . Pago 9

DERBY MUSEUMS IA Comp4ny Limlted by Gu•fant••} Trust•w' R•port (¢ontlnuvdl For th• Ywr End•d 31 Al•rch 2022 A¢hl•v•m•nts •nd p0rfornl￿￿ Icontlnu•dl Vlthr twmber8 have in¢xe88ed fn)m prlor y•ar. due mainky to tho openkng of tho Musoum of Makln9. Lkn for Ilk8 numbèrs for both Mu8aum and Art Galery and Pl(ford'# H￿tte remw b￿0W pr•wpandemlc16veh. Flnan¢lal r•vl•w Golng ¢onc•m After maklng approprtate enquirie8, the TruBt••8 hov• • rna$onabl& expedallon thatth• Company ha8 adequale ro8our¢e$ to ￿n￿nut In op8rnUonal ex18ten¢e for the foro86oabl8 future. For th18 rewn, Ih•y ¢ontlnue lo adopt lh• going ¢onctrm ba81s In pr•parfn9 tho finandal italoment8. Furthor d•tails ro98rthn9 tho adopllon of tho concem bas￿ can be found kn the aL￿￿n￿O polk4e8. b. Re••m• pollty Tho ¢hadty8 pollcy18 to hdd reserves to (XWW 8lx month8 ofurTh4trided expondSlwe. AS al 31 Marth 2tr22, tho Lmr¢8tricted roBeThèB 8tOLMI at £2.030.500 whlch repre8ents 11 month8 of expendllure. Dut lo thè current Lmcertainties in funding, tho trusts￿ have d•emed il n8c8Bsary to InGroa$• thg 18¥el of f•wves •btsva the thirlty8 policy, ￿111 thern18 more cEarfty in the fundlng 8Ruation. M•t•rl•l 1nv•BtM￿t pollcy A8 requlred In Memorandum. in furtheTane• of Its objeth, and for no other purpos0$, th• Company has th powor to inveBt the mon588 of tha Company not Immedlately requked for 118 purpo8e tn or upon such Invt81ments, 8ecurities or propty 0$ may bo thought fft. subhed no￿rthd•S$ to 8uth condillons and suth Cons￿18 aB mAyfor thg tkne bolng bo Impo8￿ or requhd ty hw. d. Pthelpal fundlng Tho charW8 maln 80Ltrce of Inc4m¢ 1$ grant Income fr¢Mn Art8 England and D•ty Clty Coun¢il. Tot inBoThe during th8 yaar gmourted to £7,107,673 {2021: £7,151.039) whl¢h InclLKlod unre¥tdcted Income of £2,030,509 (2021: £2,030,88n, of whith, £1,030,099 (2￿21. £1,1Ch),0991 was from Art8 Coundl England Derby Clly Coundl to bo applled forthe chaW8 D9tal￿ of the re8lrfcted fiJnd8 totdling £18,870.349 12021.. £17.337,831) and Ihe 8ndry•mi•nt fund8 of £2.136,930 (2021: £993,528) and th8lr pu￿089 Can be founfl In Nots 20 ofthe fin8nclg18talem•nts. Structur•* gOV•man￿ and manRg•m•nt Con•titytlon Th? c4xnpAny and the grwp 18 rnd8tsrod a8 0 charN8ble company Ilmlled ty guarantee {charty number 1149710) ond was ￿t up by a Memorandum of A6sooa¢ion on 18 Ayll 2012 as amended 18 D•corrthr 2012. The company was regl8teTed aB a charity on 12 Nov•mber 2012. DO￿Y Museum started tradkng on 1 Octobor 2012 a8 an independent Trust. It ha• a 8ub8kliary ¢aMed Dtvby Mu8eum8 Enleiprf80s ￿m￿d whl¢h slarted tradlrwd on 1 Aprfl 2014. Pago 10

DERBY hlUSEUMS Company Llfflli•d by Guar•nteel Truth¥' R•Pl￿ (¢onllnu•d) Forth• Y•K Erbd•d 31 March 2022 Structw•. gOv•rnW￿• and rnanag•m•nt (conllnuqdl b. Mthd• of appolnknont or •l•¢tl¢n of Trwt••• The management of tho c4Jmpany 1$ thg T￿pon01b1mty of the Tw8tWB who aro eloctod and Codoplod undor tho tsrms of the Artido8 of A88oclatton. Lord Cav•ndl#h, 121h Duke of D•v+Jn8h Amba88ador chart￿ Han8on Board membèrts durfnll tht y8Br are ab folow8 Uz Fulhwgll, CBE {Ch•k) Carollne Mccomb (Wice Chai Patri(aa Coltrman, OBE- r•$ign8d 28 Sept•mbw 21r21 M¥rnll cra￿n, MBE- r•$lgn¢d 28 S•pt•mb•r 2021 Davld Llng- r•8lw•d 28 S•pt•mb•r 2021 Roger MoKthanl H￿ther Broughton- r8slgn•d 28 S•pt•n*8r 2021 Dal8y Gluliano LIr￿A Sulllvan Coundlbr Lucy Carn lllomlnatod M￿nboT from Dety City Counix Prof. Keith McCI8y Councallor Joonna We8t (nornlnaled member from Dèty C5ty ￿n￿l) Coundlbr Robln Wood {nomlnated membar from Derby CMY Coundll Dr Kkon Grlffln Charfotte Homes ndy Flnlay- v4)pokntted 28 Septombw 2021 I￿rIng the ye8r, the lolovlnq tru8toeJ were reoppolnted for anotherthree >par tèrn Royr C•rdln¢ M¢Comb Prof. Kemh McGlay Bowd membor8 repr08ent a rangè of ond oJmpot•nd•s Indudlng.. Ethjcatlon COMmL￿1fy Engagwbenl Arts and horltago A￿oUntanCY & g•norn1 flnanc• Commer¢lal Sodal & ¥oonom4c rggan8ralion Strateglo man￿ement & bu￿neSS development Tourtrsm Hoallh and wellbaing Page11

DERBY MUSEUMS {A Company Umlt•d by Guarants•l Tru8t￿. R•port Icontlnu•d) Forth• Y•ar End•d 31 M•r¢h 2022 StN¢tur4 gov•mnc• •nd m•n•g•rn•nt l¢ontlnu•dl Member8 of the jenlor man•gfjm•nt l•am arn: Tony Buller- Exe¢yJtive Dlractor Mohammed Sul8man- Dtreclor of Rfjsour¢os- rnslgnod 28 J4￿0 2022 Hanneh Fox- Dire¢r of Projects and Programmkng- r•$lgn•d 24 WI 2022 Su8 Jo¢klln- A88odate Dlre¢tor of Developrnent and Communleatlons Cra19 Rlch8rdson- Chlof AC￿ntaftt- eppolnted 6 Junè 2022 Cfyth•rfn• Pu12- Dlr•¢ior of Pmgrammlng- appolnted 13 21Y22 Poll¢lM •doptsd for th• Inducllon •nd trwlnlng ofTTh￿t• Tru8tees und•rqo a brl•fing on Ih•lr l•gal obMg8tlon$ undw tharity Iww, the cortont of tho Momorandum aThJ Artldgs of A$gotyatlon, the board of IruBtees commlttee and decisiorwnaking proceue8, th8 bu8lng89 plgn r•¢8nt fi￿n¢la1 performance of the charfty. New tfUBtees d80 moot %8y •mpW8s and othgrlru8to08. TN8toes aro ono)uragèd 10 8tt8nd apprcyii&te exiem81 trainln9 ￿ntS whern WIM fAdlttAt• the undortaking of thelr Oryanl•atlond ¥trnctur• •nd dKl•lon maklng The m￿or8ndUm and ArilthB of A88oclaYon f(w the 0[g￿l￿all0n problde th&t th• board ¥ho1 con¥l81 of ol l•••t 3 and not more than 18 indivldualB ciryrf$ed OB follow&. Up to three Tw8tew nomknaled by Derby Cky Coun Up lo Ffft••n CommunltyTru•l• Pagg 12

DERBY MUSEUMS (A Fompany LSmlt•d by Gu•rnnt••) Trutse8' R•port l¢ontlnu•d) FOT tho Y•ar End•d J1 March X122 Structur•. gt)v•man¢• and manag•m•nt {contlnu•d) o. Flnan¢l•l rl•k m•nAg•rnont Th• Tru8tee8 hove a88e88ed the major rf8k8 to whlch tho company18 oxpDsod,'In'Pgrt1(￿1ar thom r•l&ted to t operatlons and finan￿ of the company. and can be Ilsted below.. Plalls & Strate The xenior te&nhave been wthing closely ith the local autTrMity in v￿k￿8 OJ i plall to stve the CoMp￿Y mor¢ time to find alternalive sowc¢$ of fimds. A strAte8y hai developed involvmg setting up all endoThilleLt ffimd to help nuinkn the mu9eum. Should a fither cut be M￿leMented tben a majoT rernctse Company re¢Eivu 45 / of it& bJndm8 froDI the local authrity. PTopogals Bllggest the leitl of Ilmding tor 2022123 hoivevu discusyionj nden47y. The ii3k is that tth fall. and a furtknr cut is leD￿tell The otgawsalioll opeMd The luseum of Maknug at Derby Silk 1he year. There is a risk that due to Coipid. the Comty￿la1 income li not as expected exposin a rx>llc￿ Thete are •.Dwb&t.gf airailable lua a Dumbet of fjjndars to apply fot additional costs iuculled a% a rlsutt of c￿lId19. We will look to awly for Ihe3e to ellsute the finallc￿l iy milli￿ed. Ille hwe also set p￿￿&￿t budgets gnd have an 8greEd strategy of WillB re￿v￿ built over the few ytarl for the next couple of ye4TY ty time, the commercial qJeTatiOll VI￿1 Iv. Plan• forfut￿• p•rlodB The Trust has a dew 6gt of al￿ and obJecbve8 {88e #b￿). Th• chall•ng•$ f8drvJ thls organlsation am to ovld¢nc¢ a $trgngth8ned commerc48li8m and resilien¢e plu8 8n Impmved ￿$trIMer off•r In order lo attra(* contlnued flnancl81 support from Its maln fvnders. Thls wni IrKaude, but not b? mtrf¢ted lo, InL¥gaslng fundlrwj from other Bcurcei, both domllons I fundral$lng and cornmarca￿ income. M•mb•rn' Ilablllty The Membar8 of the Company gu4rantg0 to ¢onlrknuto on am0￿rt not •xce•ding £1 to the a680ts of thfj Company in the event of windlng up. DlsclGsur• of Infonn•llDn to audlt¢)v• Each of the pernonB who aro Tru8t••$ at the Um• wh•n tt)l$ TNglees' Report 18 approved ha8 confim&d thaL $0 far a6 that Tru8ts9 l¥ awaro, thw8 18 no rnlwont audll Information of which the Charitable group's audknr8 are unawar•. and that TNst•• has lak•n all lh• stops that ought to have been tsk¢n os a Trustsg In ordér to ￿ awarn of any r•l•v4nt aud￿ hrformatlon and to e3tabli8h that the charitable group'8 audStors gre oware of that infomiallon. Paae 13

DERBY MUSEUMS IA Company Umltsd by Guarnnts•) TruJtsM' R•port l¢ontlnu•dl For th• Y•ar Endgd 31 M*r¢h 2022 roved by ordor ofth• membor8 ofthe boord ofTnth and 8lw•d Ih•k behalf ty. E Fotherylll. CBE TruBl88- Chalr of Board halr of Flnance. Ro8ourc88 and Audl Page 14

PERBY MUSEUMS IA coMp￿Y Llmlt•d by Guarnnt••l Stat•m•nt of Tru•to••' r••pon8lbllttl• For th• Year End•d 31 Mu¢h X122 Tho Tru81998 {who orn 0180 tho dlrnctorB oftho Company for thB purp080s of conyny I￿} ￿ r•4pon•lbl• for prwving the Trustees, R•port gnd tho flnondal stat8ment8 in acojrdance wtth appllrAbla law and UnA•d Kkngdom Arajuntkng Standards {U￿¢d Klngdom GonerallYA￿9pI￿l Aocounung PradlG8). Company Illw req￿re8 the TrLKtae8 lo propare flnan¢lal 8latemont$ for finandal ￿r. Undw company law, thg Tru$tse6 mu8t not approvo the fin￿CIal 81alem•nts unl&s$ thoy are satlsfigd that Ihay gfve a IN8 and fair 8w of tho Stats of affairs of the Gmup and the Company and of thdr Ino)mlng r•8our¢es fjnd 4pplicalton of re8our¢•8. kndudlng thdr Incomg and exp8n(YIuTg, for thot Porlod. In preparlng the80 f￿an¢(al4$al0m0nt8, tho TNsteo8 are required to.. sql8Gt suwile ac(y)LmtinB poli¢t06 and then aP￿Y th•m con$l8tgnlly, obBeNo tho methods aThJ prfnc4plo8 of lh• Charflbs SORP IFRS 102)" make judgments r￿d a¢cOur￿9 estimol•$ that ar• rna8ongbl8 and pwd8nL' •tate wh81her applicable UK A¢¢ountlng Stand•rds (FRS 102) hava been foll¢hYed, 14kniact to any matorfal departure8 di8do8ed oxplaln•d Sn th• finandal statemwrt' prnpar th• llnanclgl Slotsments on the golng CA)ncem baBi8 unlts88 It h In8pwoprl lo pr•sum• that th• Group VAII ¢onllnu• In The Tru8teeB are ￿p￿SIbl0 for k••plng adfjquat• aCr￿UnI5n9 rncord8 that aro 8ufficl•nt to jhow and èxplaln Ihè Grtrjp and thè CompanW8 Iran8adon8 and d￿¢bO18 wlth rea8ofbabb 8ccurncy at any Ilme tho lknanclal Nlon of thg Group And the Company and enalAg them to gn8ure that tho flnan¢lal ststsments comptywlih tho Componles Ad 2008. They 8190 rasponsiblo for Bafegu8rding the a58et8 oflhe Group and the Cowy ond hence for IAkkng reasonablg 8t¢ps lorthe pr8Vgnt￿n and detedlon of hud And othor Irregular41106. Ttte Tru8tee8 are re8pon8lble for the malnlgnancg Inlegrfty of the cooorate and flnandal tnlorniatlon InckKled on the Group'8 wobBits. Le9l8lallon In thfj Unltgd Klngdom goveming the preparatiun and di58emlnail offlnandd knents maydiffwfrom legi81alion In otherlurt•dlthn•. by ordor ofth8 momber8 olthe board ofTr4Ml•￿ and n•d o It8 b•half ty. E Foth•r9111, CBE Tru8t•e- Chalr of Board Date.. R M•r¢ TnKtso- Ch8lrofFknance. Reoources and Au(11 b.6.zi Page 16

DERBY MUSEUMS (A Compony Limited by Guarant••) Indop•ndent Audltorn. R•portt• th• M•mb•rn of D•rby IAuMurn• Oplnlon W• have au¢ltsd the finarKlo1 8tatsmen18 of Derby Museums (th8 'pargnt ¢harilablo company) and Its subsldlarfoB (tho '9roup) for the year ended 31 March 2022 whlth comprf8e thB ConuolNJated Statement of Finondal Athtlllg$, the Consolidated Balanco Sb••t, Ihg Company Balance Sheet, th8 Consolldolad Slglgment of C98h Flows and the related noteB. indudlryj a Summary of aignificant accounung polid¢$. The finandal r•wting framework that has been appuad In Ihelr pr¢paTaUon h appUc8bt8 IAW aTrJ Unlted Klngdom A¢counllr Standard8, Induding Finanaal R8por16ng Standard 1tr2 'The FIna￿l81 Raportlny Standard #p￿Ic&blo in the UK and Republlc of Iraland, (Unw KlrwJdom Genor8l1yA￿pted AccounllThJ Practke). In our oplnlon thè flnand818tatem8nt8: Ive a true arKI falr VI￿ of th• state of Ihe Gn￿ty8 and of the par•nt charltable company8 affairn aB at 31 March 2022 8nd of tha Group'8 Incomlng r080UfCO8 8nd appllcatiin of rasourc•$, Indudlng Its In¢omo and expendlture for the year then ended: h8vo b8on woperfy prepared In ac(￿￿￿￿n¢9 wAh UnSt¢d lQngdom GenorAly A•d AKounllng Pracll¢o,' and hav8 bgan prwargd In accordm wkn the requlromonts oltho Companlos Act 20[￿. Bath for oplnlon W6 corMluLtsd our audlt tn acwrdance wkh lrt0rna￿n￿1 Stsndord8 on Audlung {UK) OSA8 (UK)) and BPFAictii4e taw. Our re5ponslbHltl•$ und•r tho•e standard8 are furthgr dwrfbad In the Audllors, responslbllMI88 for th8 audll of the fingn¢lal stst•mont8 8OCtion of our report. We aro Indapèndènt of the Group in a<xordanc8 wlth th• •thlcal raqulromonts Ihot are rglevanl to our aud￿ of tho financlal statements In the Unlted ￿ngdOM, Induding th• Finandal ROpO￿n9 Council'8 Ethi￿1 St8ndaryl. 8nd M Iwve fulfilted our oth•r ethlcal rosponsi￿rIll9S In accordanc• vAth theBe requlrements. We beflove Ihat th& 8utht eVIden￿ we obfalned 18 8Lfftlc4enl and appropriate to provide a ba818 for our oplnl¢ffi. Con¢lu•loM r•l•tlng to golng ¢on¢•m In audNlng th• financ￿1 Btatements. we hwg wi¢ludfjd that the (Nre¢Xof8 use of thp golng conc4m bas￿ of accountlng In the Pre￿latIOn of the ffinanc4al 8tth•nts l• wiropriate. Based on the work ￿ have porformad, wo h￿? not hlentffted any matorlal uncgrtainllo8 rolatlng to ov¢nts or condlllonB that. Indlvlduglty or ¢¢l1•ct￿￿y, may ¢a8t Bignificant doth on th• ¢ompanV8 abNsty to continue going o)ncem for a pgrfod of al1gaBt tsyefve month6 from when tho tlnandal 81alements are authorlBed for188ue. Our 198pon￿bIlMIO6 and the reBpon8Sblltl88 of thg dlrectorl re8ped to gokng con(xm ar• dexrlbgd tn the r8lov4nt 8ocllon8 of th18 rop Page 18

DERBY MUSEUMS IA Company UmStsd by Gwrantso) Ind•p•nd•nl Audltorn. R•portto th• M•mbw• of D•rby Muv•m• I￿n11n￿Od> 1)tt￿l InlomiAtlon The other Infonn8tlon comprlses the krformatlon I￿luded In tho Annual Roport other than the finn¢lal ¥tatsments and our Audttor¥ Roport thareon. The TruBte85 are ro8pon8ibh for the othw Infomwtion containe4J wthin tho Annual Report. Our oplnlon on Ihe financigl statementB doaB not cover th8 other Informallon and. xcopl to thg èxi•nt othèThvl8e explldtly Slatod In our report, W8 do not oxpress any form of assurance ¢ondu$lc th•r•on, Our T85ponslblllty 18 to read tho other Infomdon And, In ddng 80. consider vthetheT the other Infomiallon18 materlamy In¢ong18tsnl wNh the flnanrjal Blatement6 or our knowl81199 obtsknad Sn tho course of the audlt, or othgrwi8e appoarn to be m8torfally mls8tated. If we Idenlrfy such matert￿ ￿￿n31$1•ndoS or apparent rneterial nN88t8l&monts, ￿ are r4ulr•d to datafmlne vthether th glveB rf8e to a materfal MI￿tatement In thg flnsnclal 8talemènls th0rn8elvè& If, b88od on the work wo have perfonned. wg rymdude that Ihere18 a matorfal m1utatom￿I ofthls othar Infomialion, we ar• requlr•d to rnport that f•cL W• havo rKhkng lo r•p(¥t In thIB rngard. Oplnlon on oth•r matt•r• pr•scrfb•d by th• Cornpanl•4 Act 2001 In our opknS1)n, b￿￿d tha woth undertaken bn th¢ corn ofthe audlt.. the InfoffnaUon glven In the Tru8te88' Report for the fflnandal year for wN¢h the Itnandql statomenlm ¥• propar¢d18 ¢on818tent wllh tha finandal 8tat8mtrnts. thg Tnth88' Report has been ￿pared kn ao>Jrdanc• wlth apFIIGablg1ogql roqulremonts. M•ttar• on whl¢h ￿ arn roqulw•d to Mport by •x¢•ptlon n tho ￿ght ol our kno￿8￿9& and under8tandh)g of the charftabl8 company and It8 en￿rOnment obtalned In the COU￿ oftho audh, wo have not Id9nlSfied malwial mls8tatenwnts in the TN8ts•8' Report. We hav• nothlng to wort tn ro8POCt of the follirkng mattor8 In Mlatlon to wNch Compan1•6 Act 2006 rowlr•8 us to report to you If, wi our Op￿hn. th8 par•nt thorltabl8 company ha¥ not kepl adequat• 8nd suffiaont accounUng reco￿8, or r•tum$ adequate for ow aulrrt have not b￿n re¢¢￿ed from branthos not vi￿ted by u8,. or the parent thaiitable ¢ompany Ilnandal $tst•m•nts aro not kn agreernent with th• accountlng r•c￿ld8 and rglums,. or c•rtaln drdcID8Uft8 of TNste•$' rwNn•r•llon sp•dffi•d by law are not mado: or we hav• not ra¢•iv•d al th• Infmatlon and ex￿a￿allOn8 we r￿u￿• forour a￿lIL Il••poThslbllllhB of tr￿10•¥ A8 explalned more fully In the Tru8t¥•s' Re$pon8lbHlfjg$ Slal•menL the Tru8teè8 Iwho ar• ￿$0 tho dlr•¢tors of th• ¢harttabl8 company for the pury)08e8 of company 18w} are re8poMlble for the preparatÉ¢)n of tho llnandal 8tatom8ntg arKI for boing Bat16ffied that Ihty gfvo a true and fatr ¥1￿. and for $UL Krternal contffA as the Tru$l•e$ dOtern￿n¥ 1$ nocossary to •nabl8 the weparation of finandd stat8m8nts that 8re tree from matert&l mi8￿1•MartI, whethw du8 to fraud or ¢mw. In prtparing the finandal Slalements, the Tru8teèB #rè re8pon81bl6 for ase88iln9 th• Group'8 and the P8Ter thadtablè companl8 ablllty to conllnuo as 8 gokng concem. dlsdoBirvJ, a8 8ppllcabl•, m8ttors rolated to gokng concam and udng the going ¢on¢•rn besls of 8cthuntlng unless the TFu8tse8 elthw bnl8nd to Ilquldatè thè Group orth8 parent tharftsble comparby or to cea80 opgralSon8. or h8vg no rnallstlc altemallve butto do 80. Page 17

DERBY MUSEUMS {A Company Llmlt•d by Gurnnt•o1 Ind•p•ndwrt Audltorn. R•port t• th• M•mb•r• of D•rby MuB•um• l¢ontlnu•d) Audltorn. mpoMlblllllB• for th• audlt olth• flnanclol •tatsmonts Our obl¢dve8 are to obtakn rea80nablo a8surance ab￿1 wh•thr the flnanclal statements as 4 vthole #re free from malerfal ml8Statsm8nt, whothor duo to fraud or error, and to 188u• an vJJdMorf8 report that In¢lLhJg9 ¢wr oplnlon. Reasonable ossuranca Is 8 hlgh level of assurn¢e, but not a guaranlw Ihot 8n oudlt ￿nd￿cl￿d In ac¢ordanco wllh ISAS (UK) wlll alw8y8 det8( a mdlwl81 rn188tstement when 11 ¢xlsts. Mlsstatomontj Can arl80 Irom Iraud or •rror •nd are ￿nSidered matsrial 11, In￿vIdu￿￿ or In thg aggrggale, they Could Ma￿nablY expgthd lo Inftu•nc• tho •conomlc dèd8lon8 of u8er8 t&k•n on th• bo¥14 ofthe88 flnamal slatsments. Irr•gulorlOe8, InrJudh)g fraud. are instBnc8s of non-complianco wlth laws and regulations. Wo do￿9￿ procedurfj8 In Une ￿th ow respon81bMllle8. ¢Mrflnod above, to d•te(a matsrfal rn18Btatement8 In Te$pect of IrragLlarlll•s, induding fraud. The spedfic pro¢oduro8 for this engagement and the axt•nt to ￿1¢h th888 arg ¢apablg 01 detecung irregulorffjes. Indudkng fraud18 d6tallBd bdow.. Our appro•th lo idonlrfylng and aUe85￿g the iisks of matsrlal misst•t•m•nt In rnspe¢l of irregularibe8, inctuding fraud and non-cofflpmanco wNh lawB and regulollonl. was ag follo￿.. th• sonlry •tatulXy audltor on8ured that tha •ngagom•nt t•wn coll•¢tivdy had th• appTowlatO COryotsrbvJ, capabmitl￿ and skmls lo Idonllfy or recogni8e non-compllancé wllh appl1¢ab￿ law8 and rogulalions; we Identified th• laws and rngulafjons applk#ble to Ihe company through d1$cu$￿0ns wlth dlrn¢tors and other fflanagement, and from our ￿MmOr￿al knowledge and experienc• ofthe s•¢tor', wa focuBed on 8pecffic law8 and regulatlon8 whlch w• ￿nI￿￿or0d may have a dlr•d mat•rfal •ff•et on th• flnandal Btatements OT the operotion$ of th• c•mpany, Indudlng thè financial repor￿ng legrslation. Comp$nles Act 20Ck3, tax8tlcffl legl8lallon, anll4rfbery. $mploym•nt. envlronmenlal and health and 9019ty legl$latlon', we a88e888d Ihg thnl of compllance wlih the 1fft¥8 and regulakns Id•rffl•d above Ihyough maklNJ enqulrfes of mgnag8m8nt and In6pedng legal coffe8pondence.' and Id•ntiffied law8 and regulgJons wfjrn communkaled wNhin tho audtt team regulaty and tha legm r8maln•d alert lo instances of nonwcompll8nog throughouttho audlt. Wg ￿8•880d tho BU8¢OF￿bllKY of the companYB finandal 8tstfjm•nts lo materlAI m188tatemen( Indudlnll obtalnlng an understanding of how fraud mlght occur, ty. fflsklng 8nqulrle• of managemont 88 to they con4ldwed Ihere WA8 8uKoplblKy to fraud. thelr knowbedge of actUo1. 8UgP8Gtsd and alle9Bd fraud,. and conslder6ng Iho Irbt8mBI LxTrnlrols In place to mklgate rl¥k8 of frwd and nowompllan¢8 vAlh law8 and 189￿allUn¥. To addr088 th9 rf8k offraud thmugtt management bl&b and overrfde of cpnknlo. w•.. perfomied 8nalytlcd procdur•$ to Id•n1￿ any th)UBual or unwJoct•d r•lattonshlps,' tèstèd joumal ontrias to id8nJfy unus(￿1 tran80¢tlon8', 8880888d whether judgements and 888UmPtlon$ mad• kn dotornining the accourthg •8tlmat•s s•t out In Not8 3 wore kndicauvo ol potsnlial bia8. and Inveal•d the T￿lonal8 bohknd 8lpnlfit4nt or Unu￿￿1 transadlons. Tesponso to the Ilsk of Irrogulgrltl•s and non4¥)mpliuncg wNh laws and reguhUon$. w• d￿Igned pm¢edu whlch Included. worg not Imltod to.. •greeing finandal 8tat8mant dls¢losur•s lo und¢rfyng oupportin9 dOaMnentatlL￿,. r&gding the minutes of meetings of those L*arg•d wlth gov•manco,' enquiring of managemerrt aB to arau81 and potgntlal Illgation and d&im$,' and rev1•￿￿n9 ¢orrw)ond•nco with HMRC. relevant regulath and th• convan￿#189a1 advi80rn. Page 18

OER8Y MUSEUMS (A Company Llmlted by Guarnnteel Ind•p•nd•ThtAudltorn' R•port to th• Il•mb•rn of D•rby Mu••um8 (conOnu•d) Because of Ihg InheTerrt Kmliatlon8 Ot an audlt, there18 8 r18k that we not dots¢t dl Irregularftle$, kn¢ludlng thos9 leading tQ 8 malarfd mlsslalem•nt kn tho ffinanclal stat￿Onts or noTrCom￿larbce with regulation. Thi8 ri8k Incrg8w$ th• more that comp￿anc• wkh a law or r•gulalkn Is r•mov8d from the events tran8actionts reffeL%ed In the flnandd 6tatsments, a8 we WIM be 1888 Ilkely lo become aware of Ingthnc•8 of n0rpcomp1lar￿. The risk is al￿ greater rtrgarding irr0gul￿41leB o¢¢urring due to fr#ud rather than •rror, as fra￿1 Inthi Intentlonal conc8almen( forgery, collusSon, omls8bn or mlBrepr8Bentallon. A lurthar descrtptlon of our rnsponsfallM•s Is av￿11￿10 on Flnandal R•portlng Councivs website •t hlty)8.'IlvMy.frc.org.ukJOur-WorklAudWAudlt-an&a88uY¥ncelStandards4nd-guldan¢elSlandard8-4n¢kguldancth for•auditor8lAudrtoTrre8pon8ilthitse8•for-auditlDecryknNf4udltothrtlPonl1b￿I￿0thr￿UdII.lIpx. deBaiplion form8 part of our audllorf8 repo of our r•port TN8 report rd mado 8018ly to tha Laritabl8 compAnV8 fflember8. 86 8 body. in accordance Ch8Pter 3 of Pert 16 of thg Comparles Act 2000. Our audll work hOB bBen Undertak￿ 80 that we mlthl 8tsts to the tharltabla mpanrfs membors those matt•rs wo •rn Y•qulr8d to stal¥ to Ih8m In an Authlorn, Report and for no oth purpo8e. To the fiJle8t thnt pemiltted by law, wa do not a¢c•pt or a88umo ro8pon8lbllity to aryono oth•r than chaT4t8blo company arKI Ils mornbe￿. as a body, our audlt worl for thSB TOPOrt, or foT the oplnlonB v hav• fommd. Slmon H*wklnts IS•nlor Statutory Audltor) for and on behalf of Dalm Audlt Llmltod Statutory Audttor Chartergd Accountants Sutt• 2. Atblon Houg 2 EtNrl8 Office VNlago F￿ge Lane Stoke on Trent Staffordfjhlro ST15RQ Dale: Page 18

DERBY MUSEUMS Cornpany Llmlt•d by Guarw••l Con•olldat•d 8tat•m•nt of Iln•n¢lil athltl•• On¢orp¢)Yllng Incom• and •x￿ndI￿r? •¢¢ount) Forlho Ymr End•d 31 Mar¢h 2022 Unr••trlct•d R••trf¢t•d Endowm•nt fund• fund• 2022 2022 Tol•l fund• 2022 Tot41 fund¥ 2021 2022 Incom• and •ndovffli•nts from: Donatlon• and l•gaae8 charItsb￿ 8cdvttl•8 Olhor tradlng a¢thlll8• Inv881m8nt8 86.784 1,505A86 633.329 11,071 10V31 4780,878 1,033,729 33,611 1,224044 6,¥19.962 533,329 30,238 496,471 8,601,543 18.667 13.482 Total Incom• and •ndowm•nl¥ 2,137,15D 3,084A09 1.006.014 7,107.573 7,151.039 Exp•ndltur• on: R#i¥ing fund Cha*ltabl• uctlvlll 440,877 1,693.058 440.677 6,20IJOO 72,649 1,878,682 4565342 Tgtal ￿P9ndIt￿r0 2,133,736 4500,242 6,691977 1,951.511 Nel 0088•$ygaln8 on Investments PS,836) 07,) 31.552 17,394 N•t l•xp•ndltur•) llncom• Tr8nsfars b•iw• fvnd8 122.421) 1880.8331 1.143M02 440,148 5.216.922 20 10.982 {10,9621 N•t mov•mwrt In fimd 111,4191 1891,7001 1.143.402 440,148 5.216.922 RKon¢lllatlon ol ndv: Total ftbnd$ brought forward Not movemenl In fvnd8 2.041.968 {qi.409) 17,337,831 1691,795) 993,528 1,143,402 20.371327 440.148 1S,156,406 5,216,922 Total funds carrl•d forward 2,030,109 16.846.036 2.138.930 20.811475 20,373.327 Thè Con8dld8ted Stat8m8nt of Flngndfjl ActMI98 Indudg8 all gaSn8 and1088e8 recognl#ed In the ytssr. Thg notes on pag•$ 20 to $2 fomi part of tho88 flnand818tatèmants. Pagg 20

DERBY MUSEUMS {AG¢mp•ny Umlt•d by Gu•rnnt••l ConBolldttt•d Balanu Sh••t A• •t 31 hlvch 2022 2022 2021 Flxod a•••ts T•n9lbte as88ts InV￿lMan￿ 13 14 15,9M,569 2.831.5 16,396.741 617,395 18,830,120 17,013.138 Curr•Tht u••t• 16 17 42.072 1A27.8n 1,605,847 12,149 1.710,594 1.910.400 DebtOV8 Ca8h al bank and tn hand 3,073,7•1 3.633.143 Crndltorn: $mO￿lS fal1kn9 dug wlihln one 18 (1,090,438) (272,952) 1,K3,300 3,360.191 TotAI n•t a82•t• 20,813.470 20,373,327 Ch4rfty fvnd• Endowmentfund8 Re8trlctod funds Unre8lri¢ted fvnds 2.IN930 16.648.038 2.030.509 993,528 17.337,831 2,041,968 Total fun 20.J13.476 20,3n,327 Poge 21

R•ght•r•d numb•r: 08036113 DERBY MUSEUMS (A Company Llmlted by Gu•rnnt••l Con•olld•tsd B•lan¢• Sh••t Iwthuod) A& at 31 March 2022 Thb ￿ancIal #tat￿nents woro approved aThJ authorf•od for 4e•ug by thè Trust￿ and nod on th05r behdfty. E Foth•rylll. CBE Tru8tse- Chair of Board Date.. R M•rcha Truth- Chalr of Flnanco, Ro8ourGoB and Audlt 28.6L Th• notes on pag88 25 to 52 fonn part of theBO Ilnondal 8tatomonts. Pago 22

DERBY MUSEUMS IA Company Llmltsd by Gu•r•rbt••) Company Stat•m•nl olflnan¢lal po•ltlon AV at 31 ￿r¢h 2022 1022 2021 Flx•d a•••t• Tan9lbb8 a880ts InveBtment8 13 14 10,n8.089 2,831,602 18,395.741 617.395 18,830,121 17.013,138 Curr•nt a•••lo Debtor8 Calh ht bank and In IAnd 17 IM7,￿4 1M01J88 1.836.496 1.776.340 2,￿$320 3.611.836 Credltorn: amunts faHkng du• wllhln onl y6Ar 18 1gJJ,8M) 1251,844) 1,983,306 3.380.192 Totsl n•t u••ts 20,813,4TI 20.373.328 Chrlty fund• Endowmenl fund$ fwd8 UnrostrSrtsd funds 2,13&930 16.670.349 2,008.1 17,337,831 2,041,989 20 Total fund• 20,813ATI 20,373,328 Tho lknandd statsments ware approved and auihorteed for18eue bylho Tru8 •08 and slgng11 on thglT boh8ff ty. E Fgth•rglll, CBE Tru$h•- Chglr of Bo8rd R M•rch TNBtee- Chair of Finance, Re8ouree8 and Aud The nots8 on page8 25 to 52 fom part ofthes8 finandal 8tatoments. Pagè 23

DER8Y MUSEUMS IA Campany Lirnit•d by Gu•r•nkn} Con•olldatsd St•tfjmont of C••h Fl For tho Y•ar Endod 31 March 2022 2012 2021 C•Bh fltM from opgrallng •¢tlvltl Net CB8h u8ed in Ijporaling 8Cthhl•s 2.098,7JS 3,200,965 Cuh flow• from Inv••tlng xtlvltl•B DMd8nds and Intfjrost from Inv081me Purchaue of tanwble r￿ed as8•t8 P1￿chaSe of Inve8tfflents 30.238 13,482 1252.9211 13,833,289) 12.182.605) (eoo,0001 N•t ￿•h uHd In Inv••tlng •ctlvlti IZA06.2181 14211,787) N•tM•h provld•d by Ilnanclng •ctMtI Chang• In c••h and cash •qulval•nt In th• y••r Cash and ¢aoh eqLfv8l¢nts al the b8glnnlng of the ye (306,5531 11.018,8221 1,gIOAOO 2,929222 Cuh and ¢a•h •qthl•nts at th• •rMI of th• YMT 1,003,847 1,910.400 The ncrte8 on page8 25 to 52 fomi part ofthwi lknandal sl•t•mth8 Pago 24

DERBY MUSEUMS (A Cornpany Llmltsd by GuMnkn) Not•• tg th• Fln•ncl•l StAt•m•nt• Forth• Y••r End•d 31 MArch 2022 •n•rnl Intormatlon Do￿Y Musoum818 a Charftth• Company, Iknmed by gu•rantee In¢orporaled In Enbqand and WAlaB. The Group'8 reg16tered office 18 Mu8eum and Gallery, Th• Strand, Dert)y, DE11BS. Thg prtndp81 &lvlty ofts Group w06 that of• mu￿uM and art gam￿. Ac¢ountlng p¢llcl Zl B•h of pr•pArtlon affln•Mlal •ttsm•nt• D•ty Mu$•ums18 a chwllabl8 rAJnw8ny rogl8iwed in England I W•le• . In tho ownt of tho tharlly belng wound up, th• Ilablllty In rospgGI of the guarant¢e 1$ Ilmlled to £1 per member of tho drity. Tho addre8N of the re918tered Offi￿ 18 glven in Iho Lwlty Infmallon on page 101 these flnandal statemènts. The nature of thè operallon8 and prfndpal a¢tlv6Uu WA9 that of a mu8•um and art gallwy. The thartty rAn8tllule8 a publk benofit onlNy ￿ dolln•d by FRS 102. The finan¢l818tatem8nts hav8 t￿n prwred In ae¢ordanc• vAth Accounling and Rgportlng by Chgrltlg$'. slo1gm8nl of Recommendad Prncllc* applicable to chlliitsts pi#paiMig tholr ac¢oun18 In a¢cordan¢• wNh tho FlnandAI Reportln9 Standard oppllcable In the UK and Republc of Irdand118uèd tn OCto￿r 2019, thy Finanoal Repo￿n9 Standard opplkabl• In th• Uthd ￿r￿jdoM and R8putlic of Irdand IFRS 102). the Charlll68 Ad 2011, the conN)ar1￿ Act 2tM)6 arwj UK Generolty A￿pted Ar￿Unt[r￿j PTaclke. 12 Ba•1• ol¢on•olldotl•Jn The fin￿¢1&1 Jtstemonts ¢¢￿s011d￿lO the acKounts of Derby MtMeum$ •nd fjll of Its 8ubBIth8ry dortakJngs C6ubsldlorfesJ. The Company ha8 taken a(I4antage of th? exemplon ¢ontalned wltNn 8edlon 408 ofthe Companle8 Act2006 Th)t to pre8grrt Its ￿ Incomo and Expondtturn Account. The net 8urplu8 In the Ino)me and expendAure •ceount for thè yèar d8aK vAlh In th? accounts of tho Company wa$ £440,148 (2021- £5,218.922) 13 Golng con¢•m The8e a￿lUnts OT8 prepared on a goSng co1￿M l)a81B, tho Charttable company F8 confident of rwnaknlng a golng ¢orK•m for tho foroseaable future. Pago 25

DERBY MUSEUMS IA Company Llmlt•d by GuArAnt••l Not•0 to th• FInancl￿ 8tatsm•nts Forth• Y•ar Endgd 31 Mar¢h 2022 countlnu pollclu Icontlnued 14 Fund a¢counllng Genernl funds are unreytrt(a8d fund8 vthlth aro avallable for ulo ai the di8cretion of the Tru8tee8 In furtharnnco of thg gongral ob*cll¥es ol tho Group whlch have not been dejignoled other Purpo￿$. Dg8lwated fund8 0)mwl$e unrestrIct￿] l￿d8 that bfjon oot allde bythe TN81￿ forparlkular PUfPO8e•. The alm and of eath designal•d fvnd l¥ 8•t out In th• not•$ to the fmancial 8tatemonl8. Re8tr11#ed fvnd8 8re fund$ vthlch 8r• to be used In 8¢￿￿•ne8 with specific restiidions knp08ed by donors or whlch h8v8 begn by thtr Group for partI￿aT purpo888. Tho c08ts of raI￿ng and •dmSnlsl•rlng $u¢h fund$ aro charged again8t the Specific fund. Th alm •nd LW of •4¢h r•8trf¢l•d fund Is 8¢t out In the note8 to lh8 finandal 8tatemonts. EndowfflBnl fvndB represent thoe• aJset8 held bythe thartty to fuini It8 obiticbve8 and #rè pernanent In naluT8. 2.0 In¢om• All kncomo18 rècogn18ed On￿ the Group h88 WrtM?monl to th• Incom•,1118 probllb￿ that lh• Income wil b? rocaived the amount of Inwmg tgcfjSvoblo ¢an ￿ m8a8ur¢d rell•bty. On TecelpL donal8d prof886lono18ervk88 and f¥dlllks arg recogni8ed on the ba818 of tha value of Ihe gift to the Group whkh Is the amount it YKuld have been wlNlng to pay to oblaln sorvlcas or fadllllgs of equfv8lent e¢)ynomlc benefit on the open market,. 4 ¢orrnspondlng wnount l¥ th r•¢o9ni••d in expendllwe In the wiod of TOCO￿. Other Incomo 18 Tecogn168d kn th8 Porfod In thfitth1118 rocelvable and to Ihe extent tho good8 have been provided or on cixnplelon ofth• wJk•. 2.8 Exp•ndltur• Expgndilure18 recognl8ed on¢8 there Is a leg81 or tsJn8twcflv8 obllg8Uon lo tr4nsler¢¢onomtc bonofft to a thlrd party, it 18 probable that a Iran8far of •CA)nomlc bongffts wth h Mqulrod in 8odlom•nt and thè amoth)t ofthe obllgauon can be mea8wed reNably. Exp•ndKurn18 da88m8d by actw. ThoBe incurT•d dir•dty In wpport of ¢xpendlbJre on the oblects of the GfOUP indud8 prolo¢X mona98ment carrled out at HeAdqsJ8rt0rn. Charftabl• arAfvIII88 and Govemanc& COBt8 are IncU￿e￿ ¢)n the Group'8 op8raJons, Indudkng WPPOrt Costs arml costs relating to the goveTnanca of the Group wporfiwèrl to tharitsbl? athllleB. 2.7 Governm•nt gr4nt• Govommènt grants wo Lyedlted to tho Con8olldated Statement of FlnBndal AdVIt￿ 88 the rdaled bondhur¥ Is kn¢urrnd. Pogg 28

PER8Y MUSEUMS IA ¢ompany Umlt•d by Gvarantee) Noth to Fln•n¢lal Statwn•nt• Forth• Y•v End•d 31 Mar¢h 2022 ountlng pollclm Itontlnu•dl 2.8 Intsnglbl• a•••ts •nd •mortl••tlon Intang1￿• auets L)MUng £NIL or mor• wlt81iwd ond recogni8ed vthèn firtw8 •¢¢Kmlc bènefits are probabl• and thg cost or valuo ofthe a888t can be moasurwj r¥lk9bty. Intonglble are knltl81ty r8cognlBed at CO8L After rncognlilon, und6r tho co81 model, Intanglbl• a8$&ts are mea8urgd at costlgss any ao¢umulated arno￿8&tion and any a￿M￿ated impairmnt 108188. Amorllsatlon is wovided on Intangib￿ alsetts at ratel ￿￿JIthd to wrfto off th• ¢08t of each &8#•t on a stralght-lkng ba818 over 5ts 8xpgraed u8dul Nf Th• •8Jm&tsd US￿ I￿•8 are as foll AmortlB•Uon l¥ on tho folky•Ang ba818'. 33% 19 T•nglbl• ffx•d •nd d•pr•clrtlon Tanglblo fixed a888ts £1,000 or more Jrs L¥pltAll8ed and recAJgntwJ wh8n futurn o￿nOMIC bbnefits are probable and tho ¢>)8t or ¥￿u• of Ihe a88et ¢gn b8 mgasurod rgllably. T8nglble fixed aB6ets are br￿118￿Y r8cognl$èd at eo8t. Ahr r8c4onltlon, underlhe cost mod81. tOn￿bIg flx•d a$sgts 8ro mfj88ur•d at cost les8 acc￿M￿at0d d￿Ter48tion and any accumulated Impalmi•nt 1088eB. AII costs kncurred to brfng a knglblg Ilx•d •388t Into Its InteThled workbng condlllon 8hould bè Indud￿l In the moaBuremènt of ￿&L At oath roportlng date the Company a88888a8 whether therels Bny Indlcatlon of ImpalmienL If 8uch Indtcalion exi318, th¥ rec¢v8rgbl8 omount of th¥ osset Is d8temilned to be the highBr of it8 fair ¥alu• le35 ¢osls to Bell and Ils valu? In LM. An Impolmi•nt 1088 h rnwgnl8ed where the •mourt axce8ds the rncoverable amount. Deprndatlon14 (targed so aj lo alh)c the c4>8t of tsngble fixad a88ets le88 thelr rn6ldual value overth8ir e8timatsd usoful live8. DopTorJalkn IB provlded on the falo￿n9 tsa￿. Fmhold proyjty - rh 8tralght Short-Torm lea8ehold prop*ty - Ovgrthè lifo ofthg1gAso Plant and machlnery - 20% 8tral9M Ilne FlxlurB8 and IttSng8 20% 8tralghl Iln Comput•r oqulpmant . 33.33% 8twht lir 2.10 Invoth•ni• In￿ltMent8 In 8ub81dlaiioB ar8 valued at cost1888 wovl6lon for ImpatmionL Investments hold os fix•d asset8 are rev￿ed at mI¢tsmarketv•￿e at tha balanc• Sheet d8ie and the 98ln orlo¥8 taken to tho Statsmenl of Flnandal AdMlb88. Pay 27

DERBY MUSEUMS IA Company Llmlt•d by GuAiant•o1 Not•s to th• FIn￿¢1•1 Statomonl Forth• Y•Jr Ended 31 March 2022 xe¢wntlng pollel•• Icontlnu•d) 111 Sto¢k• Stocks wo vdued al tho low•r of ¢wt and not r•aliM1￿9 vafuo after Ma￿n9 due alknyance for and $lowmlng slock& C08t Inthdos dl dlr•ci c08ts and an appmwiate pvoporlion offixed and varfabla ovetho8d8. 2.12 ￿bt018 Tradè and other debtOfB #Te recognl8•d at th• 8•ttl•m•nt nount aftor any trade dF8c(JJnt offornd. Prepayments org ¥0￿8￿ attho amount propald not of anytrado dlKounts duo. 2.13 Cuh at bank and In h•nd C88h at bar* and In hand In¢ludes ￿8h 4nd 8hort4orm hlghty Ilquld knv•strn•nts wth a #hort maturfty of throe I￿nthS orlo8$ trryn the dato of a￿Ul$m0n oroponlng ofthe depollt or 8lmMar accoLMtt. 114 Ll•bllltlM And prgvl•l¢Jn• LbablU¢l88 are rncognl8od when there 18 an at the Balance Sheet date u • of o Vst 8Vonl, il bs probablo that a transfer of economk t￿O￿t WIM bo rgqultgd In 8olll•monC and th• oTh￿U￿t ofthe 8&tt18ment (¥n be e8timated reliobly. LiabilitieB are Te¢xgnised at tho am0￿71 th•t th• Conyony 4nll¢ipat•¥ It wll pay to i•ttlo th• d•bi or the amourrt It ha8 recelved 08 adv￿¢•d payTh8nts forthe good8 or 88rvka8 tt mu8t provklè. 2.15 Op•rntlny1oa•o• RerrtalB paid undor oporatlng loa9•8 chary•d to th• Con8dIdat￿ statement of Finand Ac1fv1I•8 on 0 str01￿1 Ilne b08L8 ov•r thg l•aJ• hmi. 2.16 Irbt•r••t r•¢•lvabl• Intoro8t ￿ fund8 hdd on dopo8it 18 included when recelvabY8 and th• amount can ￿ measurnd roll8￿Y by thè Group,. th1818 normally upon notlficdon of the Int¢re81 p￿d or payable by the Institull ￿￿th whom the fund8 are doposknd. Pagg 28

DERBY MUSEUMS IA Company Llmltsd by Guarnnte•) 14ot•s to th• Flnanclal 8tal•m•nt8 Forth• Yoar End•d 31 tlar¢h 2022 Accountlng pollcl•• Iconllnu•d) 117 Pemlo Tho Group opgrales • dofingd contslbutlon p•nslrm $th•m• •nd tho p•nBlon r•Prns￿l8 1 amounts payable by tho Grtyjp to fund In rn8POCt of the year. The company a180 provide8 retirement lo employee8 of the tharity are provided by the D￿bYshlfe County CoLmd LIK¥1 Govamment P8n81on Schema fLGPS'}. Thls L8 a dafinad b8nofft 4¢h8mo,18 ¢ontra¢Xod oul of th¢ State Eamlngs-R•latod P•n8lon S¢h8m• C'SERPS?, and th• 8880ts are held 88paratety from th￿8 of Charfty In a separate Tru8te• admlnl8tered fund. Pen8lon etheme 8et8 aro measured at falr valua and lablllle8 are nioasured on an actuarial ba8bB Using the ojected unit method and dl8counted at 8 r8te equivAlent to the ￿￿ent rate of retum on A hi W￿lty woratg bond ofequfvdonl lenyt and ￿Tran¢Y10 the HabM￿•S. Derby¥htro Ctmmty Councl ha8 agr￿1 to lund lh6 IlabMll￿s of Ihe LGPS Scheme for Mlovant 8taff crf to 1 Soptsmber 2012 ('Iho transfer dalfj,) UPJD 8lgnlng the BuslneBB Transfer AgT8ernent. The ¢horfty h8$ bg•n credw by th• D8ty8hlre Coundl YAlh a nollonal fund wthln tho LGPS at tho tran6fer dale of Iwel rowlrod to moot tho co81 of prnvldlng one hundrod per¢ont (100%) of Ihg benefi18 acuued and in respBc of the Eligi￿$ Empl¢)yee8 wor to th¢ transfer dale {Ih• 'Nolion Fund,). The value of Ihe nollonal fvnd ha8 been determlned by an actuary appolnted by thè D8rby6hlrn Covnty Coundl u8lng the ongo5ng actvarl81 mothods fjrnl assump￿onI uwj kn the la8t actuarfal valLwllon of the D8rby8Nrn cO￿ty Coundl P•n8lon Fund. In addition to th? alym, DwbyBhire cO￿ty ￿ntAI has iB8ued a Riik Shar• to th• lo o)v any acc￿ed def4cAts on exit by 8cherne member8 Of the charity. Al contribullon8 are detemiined by Do￿y8h[rO County Coundl on tha b8616 of trfennlal vgluatlons uslng a prospedve benefft method, As th• th8rity 1$ IndeMnrf￿d against prior and fvluro liabllmies ofthg 8ch•me, tho LGPS hAs beon treat•d 88 a dthed ¢ontrIb￿lOn 8¢h8me and tM contrllyJilon8 rncogn180d a8 theyarn pald each yw. 118 FInoncl￿ In•trwn•nt• The Group On￿ ha$ finandal amets and llnandal 11a1￿1111•$ of a kind that waNfy as baslc flnandol In8tfufflen18. B88k finandal In8twrnents are InlilBlby recogvA8ed at tran88dlon value and 8ub88quontty measured at thelr settlernent vabje the exceptlon of bank loa￿ whlch ar8 8ub8eque m•a8urnd #t •mortl8•d cost U￿n9 th• offed1￿ knt•r•st m•thod. Crltlcl Aecaunung ••llm*ts• ind artt• oflud8m•nt E￿rnate8 end fjudgm•nl$ 8rn ¢onllnudty ￿91￿￿1￿ •r• bwd on Nstorlcal experlon¢e jnd oth•r factors, Indudlng axpeclallon$ of futUf¢ event8 that 8re be1th￿ lo bo roaeonable under thè rcurn1tsn￿8. Crltlcal acc¢)untlrvJ 0oUm818s gnd aS$Un￿1)n$.. The Company make8 88tlmat•8 and a88umptlons concemkng the futuro. Thg rg5(IUng aco)untln9 eBtimale8 and aBsumption8 wll, by definition, 8ddom equal the relmted •ciual re4uIts. Thtr o$timate8 and 888uMpl￿n6 that have a 81gnifKanl rf8k of causlng a malwlal adlu81ment to Ihe carylng amounts of a680ts ond Ilatrllhles wllhkn the myl flnwdgl year or8 dI$￿$Sed baknw. The TN8tO88 boMe¥e that there are no materfal area8 Impacled byludgemont or 08Umallon uncortalnty. Page 29

DERBY MUSEUMS IA Comp4ny Llmlted by Guarant••l Nots• to th• Flnnclal Statom•nts Forlh• YMr End•d 31 Mttrch 2022 In¢omo from donatlon• and l•g•cl Unrn•trf¢t•d R••lrfGt•d End0￿•nt fund fund• fund• 2022 2022 2022 lund• 2022 DonaV¢)n8 Gov•mmenl grant8 81,730 6,054 27.350 78.181 1.033,r29 1,142,809 81,230 86,784 103.531 1,033.729 1,224.044 LInV￿trIctrd R••trlct•d Endowrn•nt fund8 fundg fund 2021 20 fund• 2021 Donatlon8 Gov4mment grants 124.980 213.309 282.182 282,182 124.980 282,162 86,329 495,471 The group ha8 been ellglble to clolm addNlonal fundlng In year from the.govemmènt In relauon to the coronavirus lob r•t•nllon s¢h•m•. Th58 l￿dIng r¢celvod Its shown in restricted fund8 above undor 'Govemment grants,. Page 30

PERBY MUSEUMS {A Comyny Llmlt•d by Guarant••l Iloto• to th• FIMnol•l Sl•t•m•nts Forth• Y￿r End•d 31 Ilarch 2022 Incom• from chullabl• a¢tlvlil8• Unr••trlct•d RMtrlct•d EndoYmi•nt fund• fund• fvnd• 2022 2022 2022 nd• 2022 Art8 CoLmfAI England Income fr(Kn thaF5table Bdv5tl88- Oporollon of musoum8- rfjstrlctod funds Derby Cty CouneAI- SL￿POrt Dethy Cty Coundl- Sorylr• Arts Coundl En￿and- D88Ign&tk￿ I￿0 Income frorn thariiable advili•B PartneT8hlp8 and grants In¢om8 r8ts11. ¢atorfNa and IPR AdivilieB, events, dis￿￿ & exhlbltior L•amlng programme8 and resoarch Olher Ino)me 127,429 627,5 19,210 830,LK)O 19,210 630.000 81.880 175.538 3.&59.3fj6 3,734894 2.480 16,819 254,874 10.819 300,906 12,413 33,618 1.505,486 3,780.878 33.618 5,319,862 Unmtrlct•d R¢•irfctsd Endowmont fund funds nd• 2021 2021 2021 fund Art8 Coundl England- Straleglcfund Dorby Crty coUn￿- Support Dorby Clty Councll- SO￿1¢•$ Arts CourKal England- OeswJngtlon fund Incom• from thsrhabh a￿vIll￿- P8rtnor8hlp8 and gT8nt6 Income from retail, catering and IPR A(al￿ties, events. di¥play8 & exhibition8 Lèamkng Kwramme8 and re8e8r¢h Other Incomo 400.099 7(V).000 81,080 117,0 81,880 117.000 12.834 4,721.171 2,480 1.333 {120) 12.834 199,103 2,480 1,333 {120> 542,544 4.482.595 39,473 22,522 1,858,273 4,881275 61,995 8,601,543 Pago 31

DERBY MUSEUMS {A Company Llrnlt•d by Guarnnt••l Notss to th• FIn•n￿￿ 3t•tsm•nt• Forth• Y•or End•d 31 March 2022 Inv••tm•nt Incom• UnM•trlct•d Endowin•nt fund• fund• 2022 2022 Tol•l lundB 2012 Invest￿1 Incom Bank kntere8t r•calvad 18,e67 18.817 11,071 11.671 11.571 18,687 30.238 Unrwtrlct•d Endowm•nt fund8 fund• 2021 2021 TotAI fund• 2021 Inveslmenl Income Intere¥1 recetvable Bank Interest ro￿¥00 6.891 6,391 30 7,1￿1 7,081 7,091 8,391 13,482 aly•l• ol•xpgndltur• ty actl¥ltl•• Actlvlll und•rtAk•n dlrocdy 2022 Support co•ts 2022 Totsl fund• 2022 Op•rallon of museums .821,844 438,4a6 6.208.300 und•rtak•n dlr¢¢ty 2021 Support Total funds 2021 2021 Operation of musaums 1,714,838 164,224 1,878,882 Pag8 32

DERBY MUSEUMS .IA Company Llmlt•d by Gu•rant••) Nots• to th• FIn•n¢1￿ Stat•monts For th• Y•ar End•d 31 Mar¢h 2022 An•fy•l of •xp•ndltw• by adm11￿ (¢ontSnuod) An•l• of dlr•ct coBt• Owadon ol mu••um• 2022 Total fund• 2022 1.441,508 850,093 188,818 180,219 81.880 124,888 62,898 303,220 18,300 27,412 2,732,828 1M1,508 660,093 198,811 180,219 B1,6BO 124.861 Dow•dalrffi & •mothatlon Prgml698 ond trongwrt Supplkn$ sw￿¢¥8 Support 88nA Markeung and PR Dov8lopment Exhlbbtion8 Prof88tsyonal f•e8 Loamlng Collgcfton$ 303.220 18.300 27,412 1,732,828 5,821.844 6,•21.844 0￿rnoon of mu••um• rot fvnd• 2021 2021 Swff co Depreddon & amorusat Prem1888 and tra 903,206 45,e68 128,262 903,206 45,868 128,252 F li sup￿￿¥ and 8efvIc68 &JppNt 8eThlce Markotkng and PR D•volown•nt Exhl)iUons Pro1¢861ono1 foeo LgamlrvJ 81,880 67,629 81.680 57,629 271,343 31,050 27,309 8,511 271.343 31,050 27,309 8,511 1,714,638 1.714,638

DERBY MUSEUMS IA Company Llmlted by GuArnntè•) Not•s to th• Flnan¢lal Stat•mont• Forth• Y•ar Endgd 31 March 2022 aly41• of •xp•ndltur• by a¢lMtIM l¢ontlnu•dl kn•ly•h of •upport co¥ts Totsl nd• 2022 ol MU8oum• 2022 Staff co•18 Employm•nt 8xp•n¥•• Bank thargos Govemanco co Audit fe6$ 385,831 28,8e8 7,322 9,335 385.631 28.868 7,322 9,3 438.456 4a8.458 Op•rntlon of mu•oum• 2021 Totsl fundj 2021 staff eosts Employment expen8118 Bank Charg8s Govtrmnc• costs Audltf••s 152,790 2,711 2,570 1.553 4.￿0 152,790 2,711 2.670 1,553 4.600 164,224 164,224 Anafy•l• of èxpèndltur• on eh•rltsbl• atllvlti summary by fund typ• Unr••trlcted Re•trict•d lunds fvnd• 2022 2022 Totsl fund* 2022 Opernknon ofmu8ewn8 1,693,058 4,585242 6,288,300 Pago 34

DERBY MUSEUMS IA CompAny Llmlt•d by Gu•Tant••} Nth•• to th• Flnandal Stat•monts Forth• Endod 31 2022 Analy•le of •xpondlturo chrttabl• •ctl¥ltl•• Icontlnu•dl 8umm•ry by fund typ• Icontlrbu•d) Unmtrlct•d R••trlct•d funds nd• 2021 2021 fund• 2021 Op•rnUon ofmuwirm 1,404.839 474,023 1,878,882 Audltorn. rnmun•rntlon 2022 2021 Fa&8 paya1)￿ lo tho Comp￿& audltorfortho audll ofthg Comwnrf8 annual acc￿n￿ 4,800 ID. Staff ¢94t• Group 2022 Group 2021 Company 2022 COm￿nY W•ge• and $•l•rle¥ Sodal 8ocurfty costs Cotr#ribuUon to dgfin•d ￿ntrIbUtIOn 8ch•m•s 1.632,901 123A91 951,910 75,167 1N20h12 123Ag1 895,657 75.1e7 283,236 176.2f 283,236 175272 2,OS9,171 1,202,349 1,027.139 1,145,990 average number of p8r60n8 enwoyed by the Cw during the ywwa¥ al follow&" Group Comp•ny Com￿nY 2021 2022 2021 No. N( 2012 Aver8ge nwnbarof amploy808 103 71 Page 35

DERBY MUSEUMS (A Cornpany Llmlt•d by Guarant••l Kot•4 to th• Flnancld 8lat•m•nts Forth• Yw End•d 31 ￿r¢h 2022 staff co•t• (eontlnufrd} Th• numb•r of •mploJw whow •mpby•• b￿oIsts {•x¢tudln9 •mpby•r p•n$lon ￿$1•) •x¢••d•d £60.￿0 wa8.. GMup 2022 Gmup 2021 In th• band £80.IX11- £70,LYJO Manag•m•nt R•mun•rntlon The total amount of emploype benefilB (Indudlng employar penBlon and nallonAI InsLrance contr11￿tIonS) rèoived by key management per80nneJ for their 8ervices was £289.818 (2021.. £261.594). 11. Tru8t•o•' r•mun•ratlon and •xp•nM• rJJriThJ the year, no TfuJtses r￿1￿1 any remuneration or other boneffits (2021-£NIL). Durfng th• 8nd•d 31 Marrh 2022, noTru8ts• •xp•rffjgs h•vo b••n In¢urr•d (2021- £NIL). 11 Intsnglbl• u••ts Group and Comyny Comput•r Cont At 1 Aprt2021 78,779 Al 31 Marth 2022 78.779 iofllBadon At 1 Awil 2021 78,779 At31 Marth 2￿2 78,779 Not l)ook v•lu• At 31 MarL 2022 At 31 Marth 2021 Page 38

11" 5

DERBY MUSEUMS {A Compny Llmlt•d by Guarant••) Not•• to tho FlnAn¢lal Stat•mont• Forth• Y•ar End•d 31 MiY¢h 2022 1& Flx•d aB••t Inv••tm•nt Ll•t•d Irbv••lm•nts Group Co•t orvoluatlon At 1 Aprfl 2021 Addllions Rtvalualio 817,394 2,182,605 31.652 At 31 IAarch 2022 2,831,551 N•t book y￿u• Al 31 2022 2,831,101 Al 31 2021 817,394 Inv•slm•nt• ITr •ub•ldl•ry companlm In¥wlmonts Compony Colt or valultlon At 1 April 2021 Adthon$ Ravolu8Uon 117,394 1182,606 31,652 817,395 2,182,MO 31,652 At 31 March 2022 2,831,￿1 2,031,552 Not book valu• At 31 Marth 2022 2,631,661 2,131,002 At 31 2021 617,394 817,395 Pag8 38

DERBY MUSEUMS IA. Gompany Llmlt•d by Gu•rnnt¢•) Not•• to th• Flnan¢lal Stat•m•nts For th• Y•#r Endod 31 March 2022 1& PrlnclpAI The followiw wa8 & 8ub8idlary und•rt•kkng ofth• Company.. N•m• Company nurnbor Cla•• of Holdlng •h•r•• Oerty Mu8eumB Ent•ry>rfs88 Ltmrt•d 08119895 Ottlnory The financi￿ rew118 oftho ￿b￿d￿lorth9 yoar w•Tr'. N•m• In¢om• Expondltur• Not ••ut• Do￿Y Enterwi80B Llmltod 033,329 1033,>191 Group 2022 Group 2021 Fkn18hed good8 and good8for re8818 42,072 12.149 CompAry The wnpany h•ld no 8to¢k12021- £nM) at the ￿ar end. 17. D•l*o roup aroup Company 2021 2022 Company 2021 2022 Du• vAthln on• y••r Trade debtoT¥ AmountF Owgd by group undprtaklThJF Othar dobtor8 Prepaymont& and accnk8d kncome 97,042 517,511 44763 231,211 79,313 1,182,547 173,602 85,441 1.070.144 147,784 1,182.646 89.782 1,103.321 1N27,872 1,710,594 1,537,834 1,836.490 Page 39

DERBY MUSEUMS {ACompany Llmlt•d by GuArnt••} Not• to th• Fln•ncld 3tstom•nt• F(Yth• Y•Jr Endod 31 Mar¢h 2022 Crndltorn: thount• fAlllng wlthln on• yoar Group 2022 roup Campary Company 2021 2022 2021 Trade ueditor8 Other taxalion and 8ooal ieawity Other cr•drtors Accrual8 and doferred Ino)mo 820.248 185.138 30,440 89,107 88.194 31.197 12,427 141.134 791.188 98.667 33.644 I7.￿ 81,500 24.417 12.320 133.407 1,OWJ,4 272,952 gBO, 251,644 Qroup 2022 Gvoup Company Company 2021 2022 2021 Dofarrod bncomg at 1 Aprll Amwnt8 ro18a8wI from prthlou8 porfijds 414.788 (414,7881 397.548 (397,548) Deferred in￿rne TelaleB largety to grants and donalions received advaFK¥ of itB #ilended purpo8e oh)ng wlth revenue r￿1Ved h advonoe of events place. 1& Flnanclal In•trum•nl• Qroup 2022 Group Compony CompAry 2021 2022 2021 Flnan¢lal a•8ot8 FIr￿￿01 a880ts measured at amortl8wJ c¥)st 1,404422 1,888,331 1,283,172 1,787.884 Group 2022 Qvoup Company Company 2021 2022 2021 Fln•ncl•l Il•blllUo5 Finonci81 liobilities meaourg al amorti8ed co8t 925,298 241.773 859.197 232.447 FlnoncSal 088Ot8 at omortlBed COBt ￿prt88 trade debtor6. other debtor6 and awrued IrKom8, FIn￿¢s￿l Ilabllhl•$ M¢￿Ted at amrrfthed co8t ¢oTryl$• trade ¢r•thlorn. p•nglon fvnd. other¢rwlltor8 and ac¢ru4h. Pag9 40

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OERBY MUSEUMS 'IA Compww Umlt•d by Guv•nt••l Not•• to tho FlnAn¢lal Statem•nts Forth• Y•ar Endwd JI March 2022 21. knaly•b• of n•t a•••t• bot￿On fun0• •ly•h• of n•ta8••t• ts•t￿n fvnd• ry curr•nt y••r Unr••trlct•d R••trlct•d End0%￿nent fund8 fund8 funds 2022 2022 2022 Total fund• 2022 T•nglbl• fixed os8elg Flx•d a¥s•t knveslm•nts Current a88ot8 Cwethtors dug wSthln on• y•or 15.998,589 15,998,SS9 2,831,551 3.073,791 (1.0#0.438) 694.821 2.428,324 (1.090.486> 2.136,vao 647,467 2.030,509 16,846.036 2.138,930 20.813,470 Analy•h of n•t•Mots boiwo•n fund• Unr*lct•d Rutrfctod Endowment fund• fund• fund• 2021 2D21 2021 fund• 2021 Tanglble Ixbd a880ts Flxtd asset Investrnen16 Cuffent &88ets Credltor8 du6 wfthln on8 yeAr 87,852 18W8.089 16,396,741 617,395 3,633,143 1272,952) 617,396 376,133 2.247.268 (272,952) 1.009.742 Totsl 2.041,888 17,337.831 993,528 20,373,327 Poge 49

DERBY MUSEUMS IA Company Llmlt•d by Guarant••l to th• Fln•nclal St•t•m•nt• Forth• Y￿r End•d 31 Mor¢h 2022 R•concIll￿l0n of n•tmoTMm•nt kn fund• to not e*•h flow from optrntlng actlvlti Group 2022 Group 2021 Not Income for th• las por Statsmwrt of Flnandal Adlvltl•w) 440,148 5.216.922 AdJustm•nt• for. Depr8ciation tharge8 Galn8 on Inve8tmer Dlvldends, Int¢r¢8ts and ront8from In¥￿tm￿￿6 {In¢rt4s•)ID8¢r•a$o In stod(8 08uea8wlOn¢rna8el In d&btov8 Incr88801{Docrna8el In crodltors 600.0gJ 45.667 131,062) (17.394) 130,238) (13,•182) 129,923) 14,180 281723 (1,113252) 817A84 1931,878) Not c•8h provld•d by oP•r￿l￿O ￿￿vIti 2,098,nJ 3,2CQ,965 aly•l• olc••h •nd ¢Mh •qulval•nt• Grnup 2022 2021 Cagh In hand 1.003.847 1,910,400 Tot•1 rA•h wh •q￿Val•￿￿ 1.103,847 1,910,4 X Analy￿¥ of ¢hing•B In n•t d•bt At 1 Aprll 2021 fA•h Ilow• At 31 March 2022 ¢￿h at bank and In hgrKI 1.910.41XI 1306.0651 1,603,847 Pago 50

DERBY MUSEUMS SA Company Llmltsd by GuaMnts•l N¢Jt• to th• FlnAn¢ll 8t*t•m•Tht• For th• Ymr End•d 31 March 2022 Capltal ¢ommllm•nts Oroup 2022 Group Cwipany Company 2021 2022 2021 ContrAct•d for l)ut not pro¥ld•d In thg•e fina￿1•1 •tat•monts uisitic￿ oftangIb￿ knd au8ts 452.111 452,111 P•n•lon rommlkn•nt• The Charfty18 an ern￿OY￿ for th¢ purp08e ofthe DW8NTe Cowx4 Local Govomm•nt P•n$lon Sch8mo. As noted In the accDunllng polla￿, the char4ty18 Ind&mn6fied a9aln8t wlor and future Habllhl¢8 of tho 8thome. The LGPS h8$ Iherofore been Ireatad as a defined contribullon $¢h•mo for ¥¢counllng puwo0 along wlth tho separate defin•d contrlbutlon pgn8lon $cherne whlth th• Grnup 4180 OP8rn1è. The Charty18 an employor for tha purpo8• 01 tho De￿ Museums Group PorwnBI Pen8kin S¢h•m•. A• rK>tsd In th• a￿untIng polldes. tho ¢haiily Is Indemnffiad 898ln8t prlor and future IlabllW of t￿ 8thome. The 09￿ Mu8eum8 Group Por8onal Pengion Schome ha8 Ihertfore bgan Ireatod ab a defined ¢ontsibuUon schem8 for a¢winlkng purpo88J along wSth the #eper&8 d•fiMd c4)nlrtbutlon pènsion •theme whlch the Grow also Oporale. Durfng tho year 31 March 2022 the Group mad8 total pon8lon contrlbuUonB totqlllrffj £283,836 121Y21 - £176,272} to thIB 8th8m•. A$ at 31 March 2022 th•r• was a balaFbce outstondlng of £27,210 (2021 - £8,782). 27. OporatlrvJ I￿•• ￿mmItM•nI• Al 31 Marth 2022 tho Group and Iho Company had commllm•nts to makè fulure mlnknum IM payments under nOnw¢an￿11abje oporatlng ha8eB aB fclliws.. Ovoup 2022 Group Compwy Cofflp•ny 2021 2022 2021 Not 1atsrth￿ 1 ygar Lat•r than 1 Far and not lat•r thin S 3,302 1.117 1,070 3.302 1.117 1,570 12,840 2.887 12.840 2,687 R•lat•d pirty ￿n￿¢tIOn6 The coM￿nY has tsk•n •0SMiitage ol the oxompllon under Fknandal R¢porUng Standard 102 (SectSon 33). not lo dl8dwur8 Iran8actlon8 betw¢en enlKI•8 vthith fomi p8rt of th• Group headed by Owby Mu88um$. AH tran￿¢tIOns TruEleg0 ￿r0 tron￿ded at & 1X)n￿￿111 rat•. Page 51

DERBY MUSEUMS IA Company Llmltsd by Guarnnt•• to th• Fln*nclal StAt•m•nt¥ Forth• Y•v Ended 31 MAT¢h 2022 29. M•mborn' IIAblllty Earh membBr of th8 ch•rltab18 CoM￿nY undertakes to conlrfbute to the a88ets of the company kn the ent of li being wtyjnd ￿ wNle he18he IB a m¢mber, or wlihbn one year after ho18ho cgaws to be membgr, such amount a8 may b• ￿g￿rnd, not exceedlng £1 lor th• debts and lidblllllo8 ￿ntract•d before helsh• ¢aas￿ to be a member. Pagè 52