2023 Annual Report Museum of Architecture Illl ## **MoA’s Mission** - The Museum of Architecture (MoA) is a charity dedicated to finding new ways for the public to engage with architecture and to encouraging entrepreneurship within architectural practice in order to stimulate learning, collaboration and action. - MoA provides opportunities for architects to work with other industries and communities to be better informed about the places and people for which they are designing. - MoA’s programming provides insightful information for both the public and architects alike, linking architecture to contemporary culture to make it accessible to all. Throughout MoA’s 18 years, we have curated and produced over 1,000 talks, conferences, exhibitions and events and workshops. Our ticketed attendance to our programming is now over 130,000+ people and our public space installations and exhibitions have been seen by over 500,000 people. Our family programme, School for Creative Thinkers, is based around biomimicry and nature based solutions. We have worked with institutions such as the V&A, Somerset House, RGB Kew Gardens, Cadogan, Grosvenor, South Kensington Estates, Design Museum and RIBA to host our exhibitions. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and Performance for Oct 2022 - Sept 2023** The Museum of Architecture continued its annual programming and on-going projects as well as creating new opportunities by expanding programming internationally. ## **The Gingerbread City®** The Gingerbread City® was once again held in Belgravia with the support of Grosvenor. This year’s theme was around eco-systems. The exhibition had wide media coverage including multiple news stations, key stories in printed press. The total press outreach from the 20222023 edition was a minimum of **1.18 million** press and **815K** social media views. GBC brought in over 20,000 visitors for the exhibition and over 1,500 people attended the gingerbread house making workshops. We had continued sponsorship from Finsa for the wood materials and Phos for lighting which helped make the event possible. The master planning was done by Tibbalds and Madeleine Kessler Architects. ## **Audience** Attracting audiences young and old, GBC has attracted more than **100,000 visitors** since it started in 2016. ## **Workshops** In addition to the exhibition, the MoA runs a series of family workshops. The Gingerbread housemaking workshops target families and engaged with over **4500** families over the past five years. ## **Press 2022-2023** The exhibition receives wide press coverage in the UK and internationally including the US, China, Japan, France and many more. The UK highlights include online articles in The Guardian, The Evening Standard, Time Out. The exhibition aired on the BBC and ITV news and the founder Melissa Woolford gave an interview on BBC Radio’s Robert Elms Show, with over half a million listeners a week as well as appearing on Sunday Brunch. ## **Achievements and Performance for Oct 2022 - Sept 2023 cont’d** ## **School for Creative Thinkers** School for Creative Thinkers, MoA’s Family programming, further developed it’s Nature’s Architects kits bringing 7 fully finished kits to market that include, Bee, Bird, Bear, Cactus, Mushroom, Raccoon, and Coral Reef. Each of these kits is available on www. schoolforcreativethinkers.com. The kits teach about a specific animal, plant or insect that, through biomimicry, can influence or help us better understand the built environment. There are 4 more kits that have been developed that need finalising when funding is in place. These kits are very exciting and we are now looking for partners to sell them in shops, use them in workshops and make them as accessible as possible to a wide audience. The kits are sold at The Gingerbread City exhibition pop-ups and have been well received. ## **Achievements and Performance for Oct 2022 - Sept 2023 cont’d** ## **Treehouses at Kew** Treehouses was made live again and participating architects were asked to refine their designs through RIBA Stage 4 while working with Arup to look at ways of making them easier to build to bring down the cost. MoA managed this new stage of work with Kew’s interim Programme Director and project team. MoA continued to seek in-kind funding, and project sponsors while also working on various parts of the project including the book, products, and more. At the end of the financial year, the Treehouse stage 4 work was on-going by the architects and Arup and was to be reviewed by a QS to better understand the viability of the project after this stage. The plan for Treehouses was to open in 2025 if the costs came back and were in budget. ## **Future Planning Oct 2022 - Sept 2023 cont’d** Planning was underway for The Gingerbread City 2023 in both New York City and London. The theme for the 2023-2024 year would be Water in Cities to correspond to the environmental crises taking place across the world involving water such as flooding, droughts and forest fires. The New York version would take place at The Seaport in downtown NYC and include New York based architects. Contact was being made with New York architecture practices to discuss their involvement. The London version would take place at Westfield Mall, the largest mall in Europe, and be the largest venue that GBC has ever been showcased in. The White City location was chosen to attract a new, diverse audience who would not have been exposed to GBC before. ## **Overall Summary** The team worked incredibly hard this year to continue on-going projects such as GBC London and Treehouses, as well as develop new opportunities abroad to maintain the charity’s sustainability in the UK’s continued economic upheaval. MoA’s audience remains strong, partners engaged, supporters steadfast, and sponsors growing. **Charity registration number 1154120** **Company registration number 07930803 (England and Wales)** ## **MUSEUM OF ARCHITECTURE** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **MUSEUM OF ARCHITECTURE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr T Masten Mr R C Fiehn Ms M Leung Mr S Adams Mr C Hildrey Ms S Tabassum **Charity number** 1154120 **Company number** 07930803 **Registered office** Flat 5 11 Rutland Gate London SW7 1BH **Independent examiner** F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF **Bankers** HSBC - Oxford Street 431 Oxford Street London W1C 2DA ## **MUSEUM OF ARCHITECTURE** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the financial statements|8 - 15| ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ The Trustees present their annual report and financial statements for the year ended 30 September 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The charity's objects are: a) to advance education and research on the subjects of architecture, building, town planning, construction and development and the inter-relationship between the natural and built environment and related disciplines. b) to establish and maintain, or to support the establishment and maintenance of, a museum or gallery, or museums or galleries, or spaces or other resources that provide the infrastructure and environment to encourage and assist such education and research. ## **MoA’s Mission** - The Museum of Architecture (MoA) is a charity dedicated to finding new ways for the public to engage with architecture and to encouraging entrepreneurship within architectural practice in order to stimulate learning, collaboration and action. - MoA provides opportunities for architects to work with other industries and communities to be better informed about the places and people for which they are designing. - MoA’s programming provides insightful information for both the public and architects alike, linking architecture to contemporary culture to make it accessible to all. Throughout MoA’s 18 years, we have curated and produced over 1,000 talks, conferences, exhibitions and events and workshops. Our ticketed attendance to our programming is now over 130,000+ people and our public space installations and exhibitions have been seen by over 500,000 people. Our family programme, School for Creative Thinkers, is based around biomimicry and nature based solutions. We have worked with institutions such as the V&A, Somerset House, RGB Kew Gardens, Cadogan, Grosvenor, South Kensington Estates, Design Museum and RIBA to host our exhibitions. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. - 1 - ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **Achievements and performance** _Significant activities and achievements against objectives_ The Museum of Architecture continued its annual programming and on-going projects as well as creating new opportunities by expanding programming internationally. ## **The Gingerbread City®** The Gingerbread City® was once again held in Belgravia with the support of Grosvenor. This year’s theme was around eco-systems. The exhibition had wide media coverage including multiple news stations, key stories in printed press. The total press outreach from the 2022- 2023 edition was a minimum of **1.18 million** press and **815K** social media views. GBC brought in over 20,000 visitors for the exhibition and over 1,500 people attended the gingerbread house making workshops. We had continued sponsorship from Finsa for the wood materials and Phos for lighting which helped make the event possible. The master planning was done by Tibbalds and Madeleine Kessler Architects. ## **Audience** Attracting audiences young and old, GBC has attracted more than **100,000 visitors** since it started in 2016. ## **Workshops** In addition to the exhibition, the MoA runs a series of family workshops. The Gingerbread house- making workshops target families and engaged with over **4500** families over the past five years. ## **Press 2022-2023** The exhibition receives wide press coverage in the UK and internationally including the US, China, Japan, France and many more. The UK highlights include online articles in The Guardian, The Evening Standard, Time Out. The exhibition aired on the BBC and ITV news and the founder Melissa Woolford gave an interview on BBC Radio’s Robert Elms Show, with over half a million listeners a week as well as appearing on Sunday Brunch. ## **Treehouses at Kew** Treehouses was made live again and participating architects were asked to refine their designs through RIBA Stage 4 while working with Arup to look at ways of making them easier to build to bring down the cost. MoA managed this new stage of work with Kew’s interim Programme Director and project team. MoA continued to seek in-kind funding, and project sponsors while also working on various parts of the project including the book, products, and more. At the end of the financial year, the Treehouse stage 4 work was on-going by the architects and Arup and was to be reviewed by a QS to better understand the viability of the project after this stage. The plan for Treehouses was to open in 2025 if the costs came back and were in budget. - 2 - ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **Financial review** Total income for the year has decreased to £348,819 (2022: £383,035). Total expenditure for the year was £344,334 (2022: £373,033). The overall result is a surplus for the year of £4,485 (2022: £10,002). Total reserves now stand at £14,795 (2022: £10,310). ## _Reserves policy_ It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. In 2021, reserves were affected by a significant decrease in income as a result of Covid. The charity is planning to build the reserves back up over the next year or two. ## _Major risks_ The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Plans for future periods** Planning was underway for The Gingerbread City 2023 in both New York City and London. The theme for the 2023-2024 year would be Water in Cities to correspond to the environmental crises taking place across the world involving water such as flooding, droughts and forest fires. The New York version would take place at The Seaport in downtown NYC and include New York based architects. Contact was being made with New York architecture practices to discuss their involvement. The London version would take place at Westfield Mall, the largest mall in Europe, and be the largest venue that GBC has ever been showcased in. The White City location was chosen to attract a new, diverse audience who would not have been exposed to GBC before. ## **Overall Summary** The team worked incredibly hard this year to continue on-going projects such as GBC London and Treehouses, as well as develop new opportunities abroad to maintain the charity’s sustainability in the UK’s continued economic upheaval. MoA’s audience remains strong, partners engaged, supporters steadfast, and sponsors growing. ## **Structure, governance and management** The charity is a company limited by guarantee. - 3 - MUSEUM OF ARCHITECTURE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees who Served during the year We￿.. Mr J Hargrave Ms M F ￿lf0rd Mr G Woolford MrT Masten Mr R C Fiehn Mr J Harvey Ms M Leung Mr SAdams Mr C Hildrey Ms S Taba$8um (Resigned 10 November 20221 (Resigned 1 September 20231 (Resigned 1 Septern￿r 20231 (Resigned 10 July 20231 Rocruitment and app￿nIn19￿1 of t￿st￿oS Trustèè recrultm•nt Trustees are recruited depending on what lalenl and expertise is needed on the board. The Director reaches out lo individuals after consultatt'on wth the other board members. None of the Trustees has any beneficial interest in the Company. All of the Twstees are members of the company and guarantee to contribute £1 in the event of a winding up. o￿anIsational st￿￿k￿re Organisational stfU¢turo Day to day running 15 led by Dire¢tor, Kqelissa w￿ff0rd wth help from Linda Lu and Morvi Kc#xhak. Rob Fiehn. as chair, is a very active member of the bjard and organisation. The trustees reryjt W8S pproved by the Board of Trustees. rRCFiehn Date.. ## **MUSEUM OF ARCHITECTURE** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF MUSEUM OF ARCHITECTURE** I report to the Trustees on my examination of the financial statements of Museum of Architecture (the charity) for the year ended 30 September 2023. ## **Responsibilities and basis of report** As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **F J Wilde FCCA MBA DChA** Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF Dated: 28/06/2024 - 5 - ## **MUSEUM OF ARCHITECTURE** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2023**|**2022**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|8,560|18,667| |Charitable activities|**4**|340,259|364,368| |**Total income**||348,819|383,035| |**Expenditure on:**|||| |Raising funds|**5**|4,466|3,152| |Charitable activities|**6**|339,868|369,881| |Total expenditure||344,334|373,033| |**Net income and movement in funds**||4,485|10,002| |**Reconciliation of funds:**|||| |Fund balances at 1 October 2022||10,310|308| |**Fund balances at 30 September 2023**||14,795|10,310| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 6 - MUSEUM OF ARCHITECTURE BALANCE SHEET ASAT30 SEPTEMBER 2023 2023 2022 Nots8 Fixed assets Investments 12 Currnnt 8880ts Det)tors Cash at bank 8ntJ in hand 13 36,119 12,821 44,407 1,802 48,940 46,209 Credltors: amounts tslllng due ￿thIn ono year 14 34,148 35,902 Net current assets 14,792 10.307 Totsl a$sots I￿% curront Ilablllll•$ 14,795 10,310 Th• funds of th• Charity Unrestri¢Xed fvnd$ 14,795 10,310 14,795 10,310 The company 18 entptled to the exemption from the audit requirement contained in section 477 of the CompaniesA 2006, frjr the year ended 30 Seplembgr 2023. The directo￿ a¢*nO￿edge their responsibilrties for o)mplyin9 the requirements of the Companies Act 20C6 with respect to arLounting rerK)rds and the preparation of financial statements. The members have not required the o)mpany to obtain an audf( of rts financAal statements for the ye8r in question in acmrdance with section 476. These finanoyal statements have ￿en prepared in afxordance wNh the provisions appliCa￿e to ojmpanies subject to the sm911 o)mp8nies regime. The financial statements zt o.i./z¢ approvgd by tha Twstses on ................... Mr R C Fiehn Trustse Company ￿gIStratIon number 07930803 (England and Wales) ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **Charity information** Museum of Architecture is a private company limited by guarantee incorporated in England and Wales. The registered office is Flat 5, 11 Rutland Gate, London, SW7 1BH. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income is deferred to the extent that it relates to future periods. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. - 8 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## **1.6 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at the recoverable amount. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price and subsequently carried at amount payable. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.9 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 9 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Donations and gifts|8,560|18,667| |**Income from charitable activities**||| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Sale of goods and services|335,604|364,368| |Other income|4,655|-| ||340,259|364,368| **4 Income from charitable activities** ## **5 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |**Fundraising and publicity**||| |Advertising|4,466|3,152| - 10 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **6 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2023**|**2022**| ||**£**|**£**| |**Direct costs**||| |Staff costs|24,352|37,628| |Cost of sales|121,523|116,538| |Subcontractor costs|165,440|192,548| |Printing, postage and stationery|555|-| |Rent|1,509|526| |Computer software|3,999|3,738| |Books, journals and materials|628|424| |Insurance|1,144|1,657| |Travel|158|2,667| |Equipment|708|-| |Staff training and expenses|2,046|85| |Entertaining|-|366| |Irrecoverable VAT|210|308| |VAT penalty|-|1,931| |Sundry costs|5,392|499| ||327,664|358,915| |Grant funding of activities (see note 7)|240|24| |**Share of support and governance costs (see note 8)**||| |Governance|11,964|10,942| ||339,868|369,881| |**Analysis by fund**||| |Unrestricted funds|339,868|369,881| ## **7 Grants payable** ||**2023**|2022| |---|---|---| ||**£**|£| |Grants to institutions:||| |Other|240|24| - 11 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **8 Support costs allocated to activities** |Governance costs
**Analysed between:**
Charitable activities|**2023**
**£**
11,964
11,964|**2022**
**£**
10,942| |---|---|---| |||10,942| Governance costs includes payments to the independent examiner of £1,488 for accounts preparation and independent examination (2022: £1,440). ## **9 Trustees** The director was reimbursed expenses in the year to the value of £1,063 (2022: £1,083) and received consultancy fees of £84,400 (2022: £100,800) as disclosed in note 17. ## **10 Employees** ## **Number of employees** The average monthly number of employees during the year was: ||**2023**|**2022**| |---|---|---| ||**Number**|**Number**| ||1|1| |**Employment costs**|**2023**|**2022**| ||**£**|**£**| |Wages and salaries|23,795|36,714| |Other pension costs|557|914| ||24,352|37,628| There were no employees whose annual remuneration was £60,000 or more. ## **11 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 12 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |**12**
**Fixed asset investments**
**Cost or valuation**
At 1 October 2021 & 30 September 2022
**Carrying amount**
At 30 September 2023
At 30 September 2022
Other investments comprise:
**Notes**
Investments in subsidiaries
**18**
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**15**
Other creditors
Accruals and deferred income
**15**
**Deferred income**
Arising from Deferred Income|**Other**
**investments**
3
3
3
**2023**
**2022**
**£**
**£**
3
3
**2023**
**2022**
**£**
**£**
16,993
17,604
50
50
19,076
26,753
36,119
44,407
**2023**
**2022**
**£**
**£**
801
7,875
28,403
9,720
-
4,441
4,944
13,866
34,148
35,902
**2023**
**2022**
**£**
**£**
28,403
9,720| |---|---| Deferred income is included in the financial statements as follows: - 13 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **15 Deferred income** |**Deferred income**
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 October 2022
Released from previous periods
Resources deferred in the year
Deferred income at 30 September 2023|**(Continued)**
**2023**
**2022**
**£**
**£**
28,403
9,720
9,720
-
(9,720)
-
28,403
9,720
28,403
9,720|**(Continued)**
**2023**
**2022**
**£**
**£**
28,403
9,720
9,720
-
(9,720)
-
28,403
9,720
28,403
9,720| |---|---|---| |||-
-
9,720| |||9,720| Deferred income relates to payments in advance for events after the balance sheet date. ## **16 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1**
General funds
**Previous year:**
**At 1**
General funds|**October**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 30**
**September**
**2023**
**£**
**£**
**£**
**£**
10,310
348,819
(344,334)
14,795
**October**
**2021**
**Incoming**
**resources**
**Resources**
**expended**
**At 30**
**September**
**2022**
**£**
**£**
**£**
**£**
308
383,035
(373,033)
10,310| |---|---| ## **17 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: |Key management personnel|**2023**
**£**
84,400
84,400|**2022**
**£**
100,800| |---|---|---| |||100,800| - 14 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **17 Related party transactions** ## **(Continued)** During the year the charity paid Nous Collaborative Ltd, a company wholly owned by the director, M Woolford, the above fees for management services. The director was also reimbursed expenses of £1,063 (2022: £1,083). ## **18 Subsidiaries** These financial statements are separate charity financial statements for the Museum of architecture. Separate company financial statements are required to be prepared by law. Consolidated financial statements are not required as the group constitutes a small group. Details of the charity's subsidiaries at 30 September 2023 are as follows: |**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**| |---|---|---|---|---| ||**office**||**shares held**|**Direct Indirect**| |MOA Collaborative|England and|Dormant Company|Ordinary|100.00| ||Wales||shares|| ## **19 Contingent Liability** The main contractor (management) has not received their full fees in order to support the development of the charity. The contractor has provided written confirmation to the charity that the liability will only become due if there are unrestricted reserves and making payment would not create financial difficulty for the charity. The potential liability is therefore contingent on the availability of free reserves. The amount owed at 30 September 2023 is £129,959 (2022: £136,959). - 15 - **Charity registration number 1154120** **Company registration number 07930803 (England and Wales)** ## **MUSEUM OF ARCHITECTURE** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **MUSEUM OF ARCHITECTURE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr T Masten Mr R C Fiehn Ms M Leung Mr S Adams Mr C Hildrey Ms S Tabassum **Charity number** 1154120 **Company number** 07930803 **Registered office** Flat 5 11 Rutland Gate London SW7 1BH **Independent examiner** F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF **Bankers** HSBC - Oxford Street 431 Oxford Street London W1C 2DA ## **MUSEUM OF ARCHITECTURE** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the financial statements|8 - 15| ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ The Trustees present their annual report and financial statements for the year ended 30 September 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The charity's objects are: a) to advance education and research on the subjects of architecture, building, town planning, construction and development and the inter-relationship between the natural and built environment and related disciplines. b) to establish and maintain, or to support the establishment and maintenance of, a museum or gallery, or museums or galleries, or spaces or other resources that provide the infrastructure and environment to encourage and assist such education and research. ## **MoA’s Mission** - The Museum of Architecture (MoA) is a charity dedicated to finding new ways for the public to engage with architecture and to encouraging entrepreneurship within architectural practice in order to stimulate learning, collaboration and action. - MoA provides opportunities for architects to work with other industries and communities to be better informed about the places and people for which they are designing. - MoA’s programming provides insightful information for both the public and architects alike, linking architecture to contemporary culture to make it accessible to all. Throughout MoA’s 18 years, we have curated and produced over 1,000 talks, conferences, exhibitions and events and workshops. Our ticketed attendance to our programming is now over 130,000+ people and our public space installations and exhibitions have been seen by over 500,000 people. Our family programme, School for Creative Thinkers, is based around biomimicry and nature based solutions. We have worked with institutions such as the V&A, Somerset House, RGB Kew Gardens, Cadogan, Grosvenor, South Kensington Estates, Design Museum and RIBA to host our exhibitions. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. - 1 - ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **Achievements and performance** _Significant activities and achievements against objectives_ The Museum of Architecture continued its annual programming and on-going projects as well as creating new opportunities by expanding programming internationally. ## **The Gingerbread City®** The Gingerbread City® was once again held in Belgravia with the support of Grosvenor. This year’s theme was around eco-systems. The exhibition had wide media coverage including multiple news stations, key stories in printed press. The total press outreach from the 2022- 2023 edition was a minimum of **1.18 million** press and **815K** social media views. GBC brought in over 20,000 visitors for the exhibition and over 1,500 people attended the gingerbread house making workshops. We had continued sponsorship from Finsa for the wood materials and Phos for lighting which helped make the event possible. The master planning was done by Tibbalds and Madeleine Kessler Architects. ## **Audience** Attracting audiences young and old, GBC has attracted more than **100,000 visitors** since it started in 2016. ## **Workshops** In addition to the exhibition, the MoA runs a series of family workshops. The Gingerbread house- making workshops target families and engaged with over **4500** families over the past five years. ## **Press 2022-2023** The exhibition receives wide press coverage in the UK and internationally including the US, China, Japan, France and many more. The UK highlights include online articles in The Guardian, The Evening Standard, Time Out. The exhibition aired on the BBC and ITV news and the founder Melissa Woolford gave an interview on BBC Radio’s Robert Elms Show, with over half a million listeners a week as well as appearing on Sunday Brunch. ## **Treehouses at Kew** Treehouses was made live again and participating architects were asked to refine their designs through RIBA Stage 4 while working with Arup to look at ways of making them easier to build to bring down the cost. MoA managed this new stage of work with Kew’s interim Programme Director and project team. MoA continued to seek in-kind funding, and project sponsors while also working on various parts of the project including the book, products, and more. At the end of the financial year, the Treehouse stage 4 work was on-going by the architects and Arup and was to be reviewed by a QS to better understand the viability of the project after this stage. The plan for Treehouses was to open in 2025 if the costs came back and were in budget. - 2 - ## **MUSEUM OF ARCHITECTURE** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **Financial review** Total income for the year has decreased to £348,819 (2022: £383,035). Total expenditure for the year was £344,334 (2022: £373,033). The overall result is a surplus for the year of £4,485 (2022: £10,002). Total reserves now stand at £14,795 (2022: £10,310). ## _Reserves policy_ It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. In 2021, reserves were affected by a significant decrease in income as a result of Covid. The charity is planning to build the reserves back up over the next year or two. ## _Major risks_ The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Plans for future periods** Planning was underway for The Gingerbread City 2023 in both New York City and London. The theme for the 2023-2024 year would be Water in Cities to correspond to the environmental crises taking place across the world involving water such as flooding, droughts and forest fires. The New York version would take place at The Seaport in downtown NYC and include New York based architects. Contact was being made with New York architecture practices to discuss their involvement. The London version would take place at Westfield Mall, the largest mall in Europe, and be the largest venue that GBC has ever been showcased in. The White City location was chosen to attract a new, diverse audience who would not have been exposed to GBC before. ## **Overall Summary** The team worked incredibly hard this year to continue on-going projects such as GBC London and Treehouses, as well as develop new opportunities abroad to maintain the charity’s sustainability in the UK’s continued economic upheaval. MoA’s audience remains strong, partners engaged, supporters steadfast, and sponsors growing. ## **Structure, governance and management** The charity is a company limited by guarantee. - 3 - MUSEUM OF ARCHITECTURE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees who Served during the year We￿.. Mr J Hargrave Ms M F ￿lf0rd Mr G Woolford MrT Masten Mr R C Fiehn Mr J Harvey Ms M Leung Mr SAdams Mr C Hildrey Ms S Taba$8um (Resigned 10 November 20221 (Resigned 1 September 20231 (Resigned 1 Septern￿r 20231 (Resigned 10 July 20231 Rocruitment and app￿nIn19￿1 of t￿st￿oS Trustèè recrultm•nt Trustees are recruited depending on what lalenl and expertise is needed on the board. The Director reaches out lo individuals after consultatt'on wth the other board members. None of the Trustees has any beneficial interest in the Company. All of the Twstees are members of the company and guarantee to contribute £1 in the event of a winding up. o￿anIsational st￿￿k￿re Organisational stfU¢turo Day to day running 15 led by Dire¢tor, Kqelissa w￿ff0rd wth help from Linda Lu and Morvi Kc#xhak. Rob Fiehn. as chair, is a very active member of the bjard and organisation. The trustees reryjt W8S pproved by the Board of Trustees. rRCFiehn Date.. ## **MUSEUM OF ARCHITECTURE** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF MUSEUM OF ARCHITECTURE** I report to the Trustees on my examination of the financial statements of Museum of Architecture (the charity) for the year ended 30 September 2023. ## **Responsibilities and basis of report** As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **F J Wilde FCCA MBA DChA** Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF Dated: 28/06/2024 - 5 - ## **MUSEUM OF ARCHITECTURE** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2023**|**2022**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|8,560|18,667| |Charitable activities|**4**|340,259|364,368| |**Total income**||348,819|383,035| |**Expenditure on:**|||| |Raising funds|**5**|4,466|3,152| |Charitable activities|**6**|339,868|369,881| |Total expenditure||344,334|373,033| |**Net income and movement in funds**||4,485|10,002| |**Reconciliation of funds:**|||| |Fund balances at 1 October 2022||10,310|308| |**Fund balances at 30 September 2023**||14,795|10,310| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 6 - MUSEUM OF ARCHITECTURE BALANCE SHEET ASAT30 SEPTEMBER 2023 2023 2022 Nots8 Fixed assets Investments 12 Currnnt 8880ts Det)tors Cash at bank 8ntJ in hand 13 36,119 12,821 44,407 1,802 48,940 46,209 Credltors: amounts tslllng due ￿thIn ono year 14 34,148 35,902 Net current assets 14,792 10.307 Totsl a$sots I￿% curront Ilablllll•$ 14,795 10,310 Th• funds of th• Charity Unrestri¢Xed fvnd$ 14,795 10,310 14,795 10,310 The company 18 entptled to the exemption from the audit requirement contained in section 477 of the CompaniesA 2006, frjr the year ended 30 Seplembgr 2023. The directo￿ a¢*nO￿edge their responsibilrties for o)mplyin9 the requirements of the Companies Act 20C6 with respect to arLounting rerK)rds and the preparation of financial statements. The members have not required the o)mpany to obtain an audf( of rts financAal statements for the ye8r in question in acmrdance with section 476. These finanoyal statements have ￿en prepared in afxordance wNh the provisions appliCa￿e to ojmpanies subject to the sm911 o)mp8nies regime. The financial statements zt o.i./z¢ approvgd by tha Twstses on ................... Mr R C Fiehn Trustse Company ￿gIStratIon number 07930803 (England and Wales) ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **Charity information** Museum of Architecture is a private company limited by guarantee incorporated in England and Wales. The registered office is Flat 5, 11 Rutland Gate, London, SW7 1BH. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income is deferred to the extent that it relates to future periods. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. - 8 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## **1.6 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.8 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at the recoverable amount. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price and subsequently carried at amount payable. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.9 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 9 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Donations and gifts|8,560|18,667| |**Income from charitable activities**||| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Sale of goods and services|335,604|364,368| |Other income|4,655|-| ||340,259|364,368| **4 Income from charitable activities** ## **5 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |**Fundraising and publicity**||| |Advertising|4,466|3,152| - 10 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **6 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2023**|**2022**| ||**£**|**£**| |**Direct costs**||| |Staff costs|24,352|37,628| |Cost of sales|121,523|116,538| |Subcontractor costs|165,440|192,548| |Printing, postage and stationery|555|-| |Rent|1,509|526| |Computer software|3,999|3,738| |Books, journals and materials|628|424| |Insurance|1,144|1,657| |Travel|158|2,667| |Equipment|708|-| |Staff training and expenses|2,046|85| |Entertaining|-|366| |Irrecoverable VAT|210|308| |VAT penalty|-|1,931| |Sundry costs|5,392|499| ||327,664|358,915| |Grant funding of activities (see note 7)|240|24| |**Share of support and governance costs (see note 8)**||| |Governance|11,964|10,942| ||339,868|369,881| |**Analysis by fund**||| |Unrestricted funds|339,868|369,881| ## **7 Grants payable** ||**2023**|2022| |---|---|---| ||**£**|£| |Grants to institutions:||| |Other|240|24| - 11 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **8 Support costs allocated to activities** |Governance costs
**Analysed between:**
Charitable activities|**2023**
**£**
11,964
11,964|**2022**
**£**
10,942| |---|---|---| |||10,942| Governance costs includes payments to the independent examiner of £1,488 for accounts preparation and independent examination (2022: £1,440). ## **9 Trustees** The director was reimbursed expenses in the year to the value of £1,063 (2022: £1,083) and received consultancy fees of £84,400 (2022: £100,800) as disclosed in note 17. ## **10 Employees** ## **Number of employees** The average monthly number of employees during the year was: ||**2023**|**2022**| |---|---|---| ||**Number**|**Number**| ||1|1| |**Employment costs**|**2023**|**2022**| ||**£**|**£**| |Wages and salaries|23,795|36,714| |Other pension costs|557|914| ||24,352|37,628| There were no employees whose annual remuneration was £60,000 or more. ## **11 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 12 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ |**12**
**Fixed asset investments**
**Cost or valuation**
At 1 October 2021 & 30 September 2022
**Carrying amount**
At 30 September 2023
At 30 September 2022
Other investments comprise:
**Notes**
Investments in subsidiaries
**18**
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**15**
Other creditors
Accruals and deferred income
**15**
**Deferred income**
Arising from Deferred Income|**Other**
**investments**
3
3
3
**2023**
**2022**
**£**
**£**
3
3
**2023**
**2022**
**£**
**£**
16,993
17,604
50
50
19,076
26,753
36,119
44,407
**2023**
**2022**
**£**
**£**
801
7,875
28,403
9,720
-
4,441
4,944
13,866
34,148
35,902
**2023**
**2022**
**£**
**£**
28,403
9,720| |---|---| Deferred income is included in the financial statements as follows: - 13 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **15 Deferred income** |**Deferred income**
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 October 2022
Released from previous periods
Resources deferred in the year
Deferred income at 30 September 2023|**(Continued)**
**2023**
**2022**
**£**
**£**
28,403
9,720
9,720
-
(9,720)
-
28,403
9,720
28,403
9,720|**(Continued)**
**2023**
**2022**
**£**
**£**
28,403
9,720
9,720
-
(9,720)
-
28,403
9,720
28,403
9,720| |---|---|---| |||-
-
9,720| |||9,720| Deferred income relates to payments in advance for events after the balance sheet date. ## **16 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1**
General funds
**Previous year:**
**At 1**
General funds|**October**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**At 30**
**September**
**2023**
**£**
**£**
**£**
**£**
10,310
348,819
(344,334)
14,795
**October**
**2021**
**Incoming**
**resources**
**Resources**
**expended**
**At 30**
**September**
**2022**
**£**
**£**
**£**
**£**
308
383,035
(373,033)
10,310| |---|---| ## **17 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: |Key management personnel|**2023**
**£**
84,400
84,400|**2022**
**£**
100,800| |---|---|---| |||100,800| - 14 - ## **MUSEUM OF ARCHITECTURE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2023**_ ## **17 Related party transactions** ## **(Continued)** During the year the charity paid Nous Collaborative Ltd, a company wholly owned by the director, M Woolford, the above fees for management services. The director was also reimbursed expenses of £1,063 (2022: £1,083). ## **18 Subsidiaries** These financial statements are separate charity financial statements for the Museum of architecture. Separate company financial statements are required to be prepared by law. Consolidated financial statements are not required as the group constitutes a small group. Details of the charity's subsidiaries at 30 September 2023 are as follows: |**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**| |---|---|---|---|---| ||**office**||**shares held**|**Direct Indirect**| |MOA Collaborative|England and|Dormant Company|Ordinary|100.00| ||Wales||shares|| ## **19 Contingent Liability** The main contractor (management) has not received their full fees in order to support the development of the charity. The contractor has provided written confirmation to the charity that the liability will only become due if there are unrestricted reserves and making payment would not create financial difficulty for the charity. The potential liability is therefore contingent on the availability of free reserves. The amount owed at 30 September 2023 is £129,959 (2022: £136,959). - 15 -