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 Gu*rnnts•)
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 Sept*nb8r2021)
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 Gu*r•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 thv*ofoUrauth'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
M*knng 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•m*nc• •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••)
Tru*tse8' 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 re*rnctse
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 fin*n¢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$1•ndoS or apparent
rneterial nN88t8l&monts, ￿ are r4ulr•d to datafmlne vthether th glveB rf8e to a materfal MI￿tatement In thg
flnsnclal 8talemènls th0rn8elvè& If, b88od on the work wo have perfonned. wg rymdude that Ihere18 a matorfal
m1utatom￿I ofthls othar Infomialion, we ar• requlr•d to rnport that f•cL
W• havo rK*hkng lo r•p(¥t In thIB rngard.
Oplnlon on oth•r matt•r• pr•scrfb•d by th• Cornpanl•4 Act 2001
In our opknS1)n, b￿￿d tha woth undertaken bn th¢ corn ofthe audlt..
the InfoffnaUon glven In the Tru8te88' Report for the fflnandal year for wN¢h the Itnandql statomenlm ¥•
propar¢d18 ¢on818tent wllh tha finandal 8tat8mtrnts.
thg Tnth88' Report has been ￿pared kn ao>Jrdanc• wlth apFIIGablg1ogql roqulremonts.
M•ttar• on whl¢h ￿ arn roqulw•d to Mport by •x¢•ptlon
n tho ￿ght ol our kno￿8￿9& and under8tandh)g of the charftabl8 company and It8 en￿rOnment obtalned In the
COU￿ oftho audh, wo have not Id9nlSfied malwial mls8tatenwnts in the TN8ts•8' Report.
We hav• nothlng to wort tn ro8POCt of the follir*kng mattor8 In Mlatlon to wNch Compan1•6 Act 2006 rowlr•8
us to report to you If, wi our Op￿hn.
th8 par•nt thorltabl8 company ha¥ not kepl adequat• 8nd suffiaont accounUng reco￿8, or r•tum$
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 Gu*rnnt•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 assur*n¢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$pect of IrragLlarlll•s,
induding fraud. The spedfic pro¢oduro8 for this engagement and the axt•nt to ￿1¢h th888 arg ¢apablg 01
detecung irregulorffjes. Indudkng fraud18 d6tallBd bdow..
Our appro•th lo idonlrfylng and aUe85￿g the iisks of matsrlal misst•t•m•nt In rnspe¢l of irregularibe8, inctuding
fraud and non-cofflpmanco wNh lawB and regulollonl. was ag follo￿..
th• sonlry •tatul*Xy audltor on8ured that tha •ngagom•nt t•wn coll•¢tivdy had th• appTowlatO COryotsrbvJ,
capabmitl￿ and skmls lo Idonllfy or recogni8e non-compllancé wllh appl1¢ab￿ law8 and rogulalions;
we Identified th• laws and rngulafjons applk#ble to Ihe company through d1$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 proc*dur•$ 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
Inve*al•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-auditlDe*cryknNf4udltothrtlPonl1b￿I￿0thr￿UdII.lIpx.
deBaiplion form8 part of our audllorf8 repo
of our r•port
TN8 report rd mado 8018ly to tha L*aritabl8 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¢)Y*llng 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 •qth*l•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 Gu*Mnkn)
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•pAr*tlon affln•Mlal •t*tsm•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 d*rity.
Tho addre8N of the re918tered Offi￿ 18 glven in Iho L*wlty 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.
Crltlc*l 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• Fln*nclal 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
Govtrm*nc• 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 InsL*rance 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 Comp*ny 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 GuAr*nt••}
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

Ill Il I

%%w

L

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¢l*l 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