CAMBRtDGE MUSEUM OF TECFfNoL(￿y
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 2024

CAMBRIDGE MUSEUM OF TECHNOLOGY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
coKrEWfS..
PAGE..
Company Infor￿atioll
Tn]stees' Report
Independent EXa￿ill&S Rep)rt
Statemellt of Financia] ActiviiT¢5
Balanc¢ Sh¢d
Statement of Casb Flows
Notss to the Finaneial Statemet
10- 17

CAMBRIDGE MUSEUM OF TECHNOLOGY
PAGE I
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
COMPANY INFORMATION:
CURRENT TRUSTEES..
John Adrian Sheppard
John Kenneth Liltle (resigned 30111123)
Michael Howard Blackburn (resign¢d 3011 Ir23)
Lucy Thompson
Laurd Carnicero
Richard Frank Mitchell (resi￿ed 07103r24)
Nick Plaist¢r
Steven Kruse
A[￿e French
Kieran Gleave (appointed 10103124)
Amy Hooker (appointed 12103r24)
Matthew Sarkar (appointed 02,'05r24)
Bhagwat Nagargoje {apwbinted 02105124)
Wah Sung Vinceni Mak (appointed 17107124}
Tre￿urer
Chair
CHARITY REGISTRATION NUMBER.. 1156685
COMPANY NUMBER:
CE￿0931
REGISTERED OFFICE:
The Old Pumping Ststion
Cheddars Lane
Calnbridgc
Cambridgeshire
CB5 8LD
INDEPENDENT EXAMINER:
lan W Shipley FCCA
For and on behalf of
Prentis & Co LLP
Clwlered Accountsnts
115c MÈlton Road
Cambridge
CB4 IXE
BANKERS..
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Keni
ME194JQ
Barclays Bank UK PIC (Cambridge Brdnch)
l£icester
Leicestershire
LE87 2BB

CAMBRIDGE MUSEUM OF TECHNOLOGY
PAGE2
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
TRUSTEES, REPORT
The Trustees present their annual re￿rt and financial statements for the year ended 3 1st March 2024. The financial
statements comply with thc Charities Act 2011, and Reporting by Charitie5'. Ststernent of R¢comm¢nded Prdclice applicable to
charities prcparing their accounts in accordance with the Financial Re￿rtIng Standard applicable in the UK and Republic of
Ireland (FRS 102} issued Ociob¢r 2019 (¢ff¢ctiv¢ 1st January 2019).
STRUCTURE, GOVERNANCE AND OBJEC"I"IVES
The Museum's charitable putp)ses are to advance education in s¢i¢nce, lechnology and industrial heritage thr()ugh the
development of a museum of tfxhnology for the benefit ofthe public.
The Museum's Tntstees adopted the following mission:
To preserve and demonstrate the industrial and t£Chnologi￿1 heritage of Cambridge forthe inspirniion. enjo)rynent and
cducation of all.
It seeks to achieve its charitsble objec(ives by uThlertaking the following activities..
Collecting and preservÉng objects and stories relating to the industria] heritage of Cambridge.
Preserving the Museum's historic indu5trixl slte, building and as￿lated machinery.
Displayin& intery)reting and demonstrating the collections. the historic site, building and machinery, plus
assoCia￿d siories for everyone to enjoy. explore and Ivdtn from.
Operdiing ih¢ ¢oll¢ctions whcr¢ practicabl¢.
Overcoming as many physical, intellects￿1 and financial barriers &% N)ssible to provide the widest possible
a¢ces3 to all of our buildings. collections and facilities.
Marketing the Museum to appeal to a broad rdnge of target audiences.
Developing the Museum a5 a friendly and hiJ qualKty centrc and resource for the local cornmunity.
D¢v¢loping, training and SUPWpning ihe volunteer5 who help rnn the Mu5eutn.
Providing a wel¢oTning and enjoyable ex￿lence for visitors.
Delivering a dyjatnic prowo me for formal education and inforn)a] Icarning groups to discover CaTnbridge's
industrial and technological heritsge and related STEM¥ subjeets_ (*S¢ience. Technology, F.ngineersn&
Mathematics.)
The Museum is by a Board of Tn￿teeS which meets bi-monthly. The day-ttrday running of the Museum i5 d¢lcgated to
a Managemeni Committee which meets monthly.
The Museum is Constituted as a Charitsble Tnwyorated Organisation. in¢ol￿rated in 2014 under a standard Tnembership CIO
(Deed).
No extemal bodies att allowed to apwini Tntstees.
Under tho tonstitution, new Trustees Tnay be 8pryTrinted by the membership at a gen¢rnl mccting of members, or at a Board
of Trustees meeting. New Trus(ees ore provided with an iniiial indu¢¢ion into the activities of the charity by fellow Trustces.
Th¢y a150 provided with d￿Wntnts such as th¢ Tn￿1¢¢ Ik¢d and lat¢sl accounts.
T￿￿te¢S at the lim¢ of approval of thi5 report:
- John Sheppard
- %teven tQrnse
- Lu¢y Thompson
- Laura CaTni¢ero
- Anne French
Nick Plaister
- Kieran Gleave
- Amy Hooker
- Matthew Sarkar
- Bhagwa( Nagargoje
- Wah Sung Vincent Mak
Other Trustee5 who served during the financial year= John K l.ittle. Michael H Blackburn and Richard F Mitchell.

CAMBRIDGE MUSEUM OF TECHNoL￿y
PAGE 3
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST FAARCH 2024
TRUSTEES, REPORT eontitiued
PUBLIC BENEFIT STATEMENT
The T￿￿e¢S of the Cambridge Museum of T￿hnologY (CMD are committed to enswÈng that all activities are plaT]lled aTrd
overseen with th¢ public benefit in min¢ following the Ch8My ComJnissi0ri5 guidaD¢¢.
CMT strtves to enrich the Iwal C[￿￿tilty by preserving herilage. PToviding acces5 to the history of ttt]]]￿I08y, fostering
educatio1￿1 progrdms, and ¢ncournging engageTDeDt with the museum% Collectio￿.
ACHIEVEMENTS AND PERFORMANCE
During the 2023-24 filM￿(la] yeat, the Cambridge Museum ofTecFJnology (CKD experienced significant 8T0￿ across
Tnultiple fronts. CMT expanded its operatio￿5 to three days a weeL beyond just weekends, with plans to filltber llicrease
hours b&*d oll visitor demand durin8 sch￿} and bank holiday5.
Summer 2023 marked 4 llotsble inCr￿e in ticket sale& driven by favourabk w¢ather aDd successful evcnts. Onc highlight
was th¢ Fo]k Day in Juty, which attracted about 3CN) musie enthusiasts and generated a remarkable profit in a single day.
This event provided valuable insights tnto the typ¢s of progran]miDg CMT ain]s to contlnue delivering. Over￿1, visitor
numbers ID August 2023 surged by 36Yo compared ￿ the prewous year.
The MY￿&ge￿ellt CornTnittee remained dedicated to hosting a divcrse array of events wbile optimisiDg revenue durtllg the
off-peak winter season. succ￿SsJl Steam Days w¢r¢ held in October and December 2023, cu]minatin8 in a record number
of visitor5 duTillS the March 2024 Steam Weekend. Enhaneernents th the Prtnt Sbop improved the accessibility of the
collection. CMTS dedicated Volunteers, Site Team exceued in eDhan¢ing facilities ￿￿1 utteTactsve exhibits across the
muse￿￿ site.
By th¢ end of 2023, CMT welcomed 7,239 visitor5, a testament to cKfs releva￿ and impact within th¢ ¢0￿￿￿nity. For
the upcoming calendar yeaT, CMT ain￿ to exceed 7250 visitors.
Following the retirement of three trustees, two new member5 were app)inted to the B03Td iti March 2024. The recruitment
of a n¢w Director of the Board and Treaswer is ongoin& wtth Trustee Ms Arne FreD¢h serving &8 interim chairperson.
Cmfs Front-of-House Manager and Athninistrator continue w 5UPPOrt O￿ational need5 effi¢iently. The P051tive outcome
from the NatioDal Lottery Heritage Fwjd (NLHF) grant appli￿tion will enable to recruit twg new 5tsff meJnb¢r3,
enbancing CMTS Cap￿lty to generatr income and expand educatlonal offeriD8s whil¢ strengthening ties with local
cOM￿U￿1tie5. All staff are employed on & part tun¢ basis.
Adjustm¢nts to loan repayilleDts with the AHF were approve4 allowing ￿ to better align income and expenditure. A
revised business resilience Pla￿ completed by the Chair of Tn￿tee5 ahtsd of retireti￿t in Novernber 2023. PTojects a
over th* will ellable larger repaY￿ellts on the AHF loan slJrtin8 in SpTiD8 2024.
While CMT ]Jas made progress in rebuilding reserv¢5, tbe M￿euM fatts upcoming e￿ndItUreS, particularly for platming
application fe¢s related to developments at the Engill¢¢rfs House sit¢. This PTOjKt has significant illjplications for Cmfs
futtjre Income Streams. Wh￿Ch are nece&sary for repaying the AHF lopm, as well as for loE)g.teEms a￿cell￿ts with
cateriDg partners.
The Catering Subconrnitttt continues to eD¢ow8ge wÉth pwthers to e￿baThce offerings and address s￿0t￿l demand
fluctuations. ensuring qualty service for museum visitors the I(￿ COTDmUDity.
FUTURE PLANS
In the upcoming year, the Board Tnust appoint a new Director of th¢ Board of Tntrs and a Treasurer. CMT will also
recrnit an Enterpris¢ Mallager and Education OfficeT fimded by the N*ional IATrttery Heritage Fund INLHF) for two years.
The expanded Éeam is expected to dn.ve SI￿lf1¢an1 developments. delivertng a sustainable inc07D¢ generation strategy.
Thett is also NLHF fvnding Teservcd for the red¢￿)ratIon of the fu5t tloor of the En8ineefs House.

CAmBRI[￿E MUSEUM OF TECHNoU￿v
PAGE 4
FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
TRUSTEES. REPORT continued
The review of the Cmfs collediou is portially complete. however. additional staffing is needed to complete the proje¢L A
funding application h&s been sublnitted to the Foyle Foundation to recruit a Collections Offieer for 15 months, faeilitsting
resouw¢ allocation for partnership projects and tempordry exhibition5- like last ye*s success￿] col]at*Jration with the
Pye History T￿1 during the BBC Centenary.
The pla[￿l￿g application for the Engineer's House site was approved, with construdion t¢ntatively scheduled for the
pcomiDg winter. This project will include essential access irnprove￿ellts. attd Trustees att PW¢SSiDg additional funding
applicatiODS to support this developTnenL
A new t¢￿POrary exhibiti¢)o- Wbat H4ppens Nex( is set to open to the public in the Pye Building. This exhibition will
explore the period from 1967 ￿ the present day.
PlaDning for ¢veDts in suturner 2024 is ￿derWay. with a tllix of commcrcial attd community-OTi¢nted IDit￿ve5 in the pip¢lu]e.
15 collabordtiDg with the I￿al charity Ably People to IM)st a Repair Café, which will be freely available to everyone.
CMT ￿1[ also host a Folk Dtty to showease local performers for a second yeor. The Print Team is preparing an exhibition
in the Pumping Station, inviting submissions from any iDtere5ted Yolunteers. AdditiOEMlly, cbKr will participate iu thre¢
pop.up ¢vents as part of SuuJJner at the Museums ÈD wllaErfJrdtion with the UDiveTsity of Cambridge Mus¢urns.
In the long¢r tern4 CNff will need to raise approximately £1.5 million in capitd gr￿ to address significant work required
on the scheduled monumetLI ensuring its pEeseTvatio
FtNANCIAL REVIEW
The Trustees consider the results for the year satisfactory. The Ststement of Financial Activities shows an overall sU￿]uS of
£36.910 (2023.. deficit £31.505) made up of a restricted fimds surplus of £20299 {2023= deficit £26,441), and a SUTplus on
unrestrithd fi￿dS of £16,611 {2023: deficit £5,064). The restricted 5wplus is ttpresented OD the balan¢¢ sbeel with the costs
of redevelopment of the site L￿￿er fixed assets.
RESERVES POLICY
The Board of Trustees reviewed the Reserves Policy in 2021 alld concluded that a reserve of £27,5(M) w&8 required ￿ allow
CMT to contttLue to operate during a period of adverse events Such as Museu]n closure andlor strUth￿￿1 problems in the
Scheduled Monum¢nt. This level of reserve5 was reached in 2022. Since then our re￿rVeS have falle￿ aitbough 2023-24
has seen them stabilise and ¢urrent eondiiions should see them being rebuilt.
FtfNDRAISING POLICY
The charity does not a£tivety fundrais¢ from the public other thln on its premises. although li is always happy to receive
donations. The Tnajoriry of don&ions and grants are sought from public t￿)dI¢S aud cbatithble organi5atioDs. Th¢ charity
monit015 all Fundraising carried OUL It CODfomis to reCO￿lS¢d 5taDdards and has Dot received any COTnplaints. As the Charity
does not openly solicit funds from the generdt public it i5 ulllÈkety to receive donations frotn vulllerable pe4)ple. but it is aware
of its obligations.
RtSK MANAGEMENr
The Tnstres maintai￿a a risk register dwing the reporttng
The Tntstr&q have a(k>pted and regularly review the followlljg poli¢ies al￿ pn)cedurts.'
Collections Development Policy. Children and Vulnerdble Adult Protection Policy. Equal OppoTtunities Policy. Health and
Safety Policy, EnYiroDmentsE S￿￿tainab]lIty Policy. Keserves Policy. Dafa Protection Policy. Financial Regulations.
VoluTJte¢riDg Policy. Infornlation MallagemeDt Poltcy. Events Policy, Cop)Tight Policy. Access Policy, Collection Care
and COnS￿Vali0￿ Policy, Documeniation Policy, Cowlaints Policy athd TtLL8tee Eligibility.
REMtfNERATION POLICY
The Trustees consider themselves key management and ar¢ not Temuneratr
Staff pay is d¢ternJilled by th¢ Trustee4 infonned by comparison to salartes within the sector and location.

CAMBiUDGE MUSEUM OF TECHNOLOGY
PAGE 5
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES, REPORT collttuu￿I
RESPONSIBILITIES OF THE BOARD OF TRUSTEES
The cbarity Trustees arc TE5pousible for prepar￿8 a Trustees, report and fmancial statements ill ￿COrdanCe with
applicable law and Ullited Ksllgdom AccoulltiDg Sta￿lar&s (United KingdLYn Genernlly Accepted Accountiug Practice).
Charity law requires the charity Tr￿ ￿ prep&e the finawial ststemeDts for eacb yw which give a In￿ fair view of
the stste of affairs of the charity aTMI of the illCOTlliDg rewuw and application of resoytw includingthe i￿orne and
ex￿)dit￿re for that p¢T]￿l prepaTuig th¢ fjDaDCi￿ sTrtrmert%. the TnLQees are T&wir&l to:
' select suitsble A¢￿u￿tIng polici¢s then apply them c(Mtsi•'
' observe the methods and prtnciples tn the Cbarili¢5 SOBP"
' make jLtdg¢meDts aDd estim*e$ are Teasotthle and prnden¢
' slai¢ Wh¢th￿ appli¢able UK ac¢ouutiDg stardarth have been followtd subj¢¢t lo any material depart￿$
disclrysd sud explait1￿ in the fjJJan¢ial staten
' prepaTe the financial statements on the going Concern basis u1￿8 ti 18 intippropriate So presutne thatthe
charity will ￿ntinue in busin￿$.
The Tn￿CeS are responsiTr•le for ke¢ptng properxcowkting TEcor&% that disclose with rel￿nable accry at any tirne the
financial position of the charity and to enable them to ensure that the fmauria] Statern¢￿ compty with the CbaTitie$ Act 2011.
TFW are atso respoosible for safrguarding the of the charity aod boic¢laking r¢asonabl¢ steps foT the preyentioo and
Iktecti¢)n of fraud aDd Oth￿ irreguiariiies.
This report approved by the on NJ
and si8ned on their behalf. by..
WAH SUNG VINCENT MAK
CHAIR OF TRUSTEES

CAMBRIDGE MUSEUM OF TECHNOLOGY
PAGE 6
FINANCIAL STATEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2024
INDEPENDE￿[ EXAMfNERS' REPORT TO THE TRUSTEES OF cAMBR[￿E MUSEUM OF TECFfNOLOGY
I report to the Trustee5 on my examI￿on of the accounts of Cauthrid8e Mw5¢um of Technology ChArit&ble lllcorporated
Organisation (Ihe Cl(Y) forthe year ended 31 Marth 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the tn]5tees of the CIO you are responsible for the prep8ialion of the accounts in accorthce with requircmellts of
the Cl)arities Act 2011 Cth¢ Act,).
I report in r¢sp¢¢i of my examination of the CIO'S accoullts carried out under section 145 of the 2011 Act and in carrying out
my exaznination I hav¢ followed all the applicable Directions given by the Cl)atity Con)mission undei section 145(5)(b) of th¢
Act.
INDEPBNDEKf EXAMINERS, STATEMENr
I have completed tny exatnination. l ¢onftrm that no tnat¢rial mttus bave ¢ome to my attention in connection with the
¢xaminalion giving me caus¢ ￿ believe that in any mat¢rial respect
(l) accountniE record5 were not kept ￿ Tequired by st￿10￿ 130 of the A￿ or
(2) the accounts do not ac¢ord with those records. or
(3) the accounts do TEOt comply with the appli(xble requiren)eDts concum1￿ th¢ forn) and content of accounts set out in
the Chartties {A¢counts and Report5) Regulations 2008 other than aDy requiment that the accounts give a
and fair view wbich is not a matter CODsidered &% part of independent examllwion.
I hav¢ no conc¢nJs and have come ￿rOsS no other ￿￿tter$ Èn CODnectton with the examination to which attention sbould
be thawi) Én this report in order to enable a prop¢r L￿deTs￿ndIng of the accounts to be reached.
IAN W SHtPLEY FCCA
FOR AND ON BEHALF OF
PRENTIS & CO LLP
CHARTERED AcCoU￿rANTs &
INDEPENDEWt EXAMINERS
115c Mihon Road
Cambridge
CB4 IXE

CAMBRIDGE MUSEUM OF TECHNoL￿y
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
STATEMENT OF FfNANCIAL AcrivrtIES
Ullrestricted Restricted Totsl Funds
Funds
Fullds
CURRENT YEAR
No
2024
rNCOME FROM:
Charitable activities
Grants and donations
Investment incoEDe
120.624
5.020
342
120,624
58,786
342
53,766
TOTAL tNCOME
125,986
53.766
179.752
EXPENDITURE ON:
Charitrble activiti¢s
Rai5in8 fiwds
TOTAL EXPENDITUPE
105.642
3.733
33.407
60
139,049
3,793
109.375
33.467
142,842
NET MOVEMENT IN FUNDS FOR THE YEAR
16.611
20.299
36.910
RECONCILIATION OF FUNDS
Tot81 Funds at 1st April 2023
Total Funds at 3 1st March 2024
30,004
1.423.309
1.453.313
46,615
1,443,608
1,490,223
PRIOR YEAR
Restated
UDT¢StriCted Re5tri¢t¢d Totrdl Funds
Funds
Fullds
2023
Notes
tNCOME FROM..
Charitable activities
Grants and donati0Th5
InvesDneni income
104,763
3.658
104,763
10,418
140
6.820
TOTAL tNCOME
108,561
6,820
115,381
EXPENDtTURE ON..
Chartthbl¢ activities
Raising fimds
TOTAL EXPENDITURE
109.397
4,228
113,625
33.261
l42,658
4,228
33,261
146,886
NET MOVEMEKf IN FUNDS FOR THE YEAR
(5.064)
(26.441)
(31,505)
RECONCILIATION OF FUNDS
Total Funds at 1st April 2022
Totsl Futlds at 3 1st March 2023
35,068
30,004
1,449.750
1.484.818
1.423,309
1.453,313
The Statement of Financial Activities IDclUd￿ all gatijs and losses T￿0gt)I%ed in periods. All ÉllCOD)e and expenditure
deriv¢ from contilluillg activi¢i¢s.
The notes on pages 10 to 17 forni part of these financial Statern￿ts

CAMBR[I￿E MUSEUM OF TECHNO￿￿¥
PAGE 8
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 sr MARCH 2024
BALANCE SHEEr
2024
2023
FIXED ASSETS
Tawlyle assets
TOTAL FIXED ASSETS
10
1,541,088
1.563.914
1.541,088
1.563.914
CURRENT ASSETS
Stock
Debtors
Cash at baDk
150
13.212
58,358
150
6.154
21,609
TOTAL CUR￿￿￿[ ASSErs
71.720
27,913
CREDrroRS'. Amounts fal]iDg
due within on¢ y¢pr
12
{62.184)
(73,324)
NET CURRENT ASSETS
9,536
{45,411)
TOTAL ASSETS LESS CURJiENT
LIABILITIES
1.550.624
1.518.503
CREDrroRS.. Amounts falling
due after more thalt (Kje yeaT
13
(60,401)
1.490223
(65.ISY))
1.453,313
NET ASSETS
THE FLfNDS OF THE CHARITY
Restricttd fvt
unrestr1c￿d ffiJt]ds
1.443,608
46.615
1.423,309
30,004
1,453,313
14
1.490223
These fiDaucial ststements Thtre approved by thc B(wd ofTT¥JSte¢5 and allthori￿d for issue on .... ..... .........................
and were signed on th¢ir b¢ha]f by."
BHAGWAT NAGARGOJE
TRUSTEE
The ThOte5 OD Pag￿ 10 to 17 fom part of these than¢ial statellThts.

CAMBRIDGE MUSEUM OF TECHNoL￿y
PAGE 9
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENf OF CASH FLOWS
Note
2024
2023
CASH PROVIDEDI(USED IN) BY OPERATING ACTIVITIES
18
48,565
(27,460)
CASH FLOWS FROM fNVESTNG ACTIVITIES
Ba￿k interest
Purchpse of fixed assets
342
(12.158)
(11.816)
140
NET CASH USED tN tNVESTtNG ACTIVITIES
140
CHANGE N CASH DURtNG THE YEAR
TOTAL CASH AT THE BEG￿N[NG OF THE YEAR
36,749
21.609
(27,320)
48,929
TOTAL CASH AT THE END OF THE YEAR
58,358
21,609

cAMBlU￿B MUSEUM OF TECHNOL(￿y
PAGE 10
FfNANCIAL STATEm￿s FOR THE YEAR ENDED 3 1ST MARCH 2024
NOTES TO THE FtNANCIAL STATEMENrs
GENERAL INFORMATION
The charity is a public benefii elltiry and is a registrred cljarity tn Ell￿ and Wales and is incorporated. The
address of the priticiple office is The Old Pwnping Station. Chpjjd￿5 Lome. Cambridg¢, CaTllbTidgeshiTe,
CB5 8LD.
STATEMENf OF COMPLIANCE
These financial statements haye been prepard in ¢ompliaDce with FRS 102.'The Financial Reporting
Standard applicable th¢ UK and the Republi¢ of Irelalld. the Statement of R￿QmMended Pra¢ti¢¢
applicable to charities preparitig their accounts in accordallce with the Financial Reporting Standard
appli¢able in the UK and Republic of Irelalld {FRS 102) {Chartties SORP (FRS 102) and the Cbsrities A¢1
2011.
AccouKrtNG POLICIFS
(a) BASIS OF PREPARATION
The financial statements have been prepated on the historical cost basi& a5 Modifi￿ by tbe revaluation of
certallj fiD8ncia] assets and liabilitie& including herirage assets.
The finallc1￿ stsiements are preparnl in sterliD& wbich As the fimctional ￿rrenCY of the entity.
(b) GOING CONCERN
The Tn￿e¢S confident that the Muse4m) will continue as a going concenL
A nutnkn of steps have ￿ell taken to reinforce the financia] position of the Museum and so 5UPPOrt our
conclusions tll this regard. These steps include., renegotiation of the of fitwicing artangements. e05t
redu¢lion m¢8sures and a drive to Intr￿e thTough a gre￿er range of activities the Museum can
provide and offers. Additionally a SI￿lfiCant sector s￿¢IfiC grnnt has Eeen awarded to the Museum whi¢h
will enable the Museurn to maintain currellt activities aThl provide financial resilience for the longer temi.
(r) FUND ACCOUN[￿G
UnrestrKted fi￿￿$ ar¢ available for u5¢ at the di%retion of the Tnjstees to furtber any of the cbarttys
purpose5.
D¢s1￿)ated fitD(ts are unrestri¢ted funds e8mi8Tk¢d by the TnL￿eeS for particul￿ futh pmject or
collllnittnenL
Restrict￿ are SUbj￿ted to restri¢tions On their ¢xp¢nditure declarnl by th¢ donor or througb the ternis
of an atveal, aud fall into one of two SLdFel&sses: restricted income fi￿￿5 or elldowment funds.

CAMBRJDGE ￿[UsEUm OF TECHNOLOGY
PAGEII
FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
NOTES TO THE FtNANCtAL STATEMENTS
(d) INCOMtNG RESOURCES
All incomujg resour￿ are inclllded on the Stafrrn¢nt of Financial Activities when entitlement bas ppss¢d to
the charity, it is probable that the ecotiolljic bthefits associated with the transartioll will tlow to the cbarity and
the a￿QUIlt ¢aD be reliably ]lleasur¢d. The following specific polÈ¢ies are applied to Partic￿lar categories of
income."
• incoll* froED thmatiI)￿S or grants is teco8nised WIM there is evid¢n¢¢ of entiÉleTllellt to the gift receipt is
probable and its auK)unl be tneasured reliably.
. l¢gacy income 15 reco8Di5ed when reccipt is probable and entitlement establishe
tncornc froTn donated goods is measured at the fair value of the goods unles5 this is impractical to measure
rcliab]y, in which c&se the Wdlue is dertved from the cost to the donor or the ¢sttmated resale value. Donated
facilities and services are Tecogni5ed in the accouDts WI￿1 received if the value caD be Teliably ￿¢￿vr¢d.
No arnounts are included for th¢ contnllutiou of gth￿ra1 volunteers.
' income from Contr￿ for the supply of services is T¢Wi5ed with the delivery of the contra¢t¢d service.
This is ¢1￿1fied as Unr¢stri￿d fiLlld5 Utde&% there is a conttactual requ1￿Ment for it to be spent on a
partiC￿lar p￿￿Se and return¢d if unsp¢nL Tn whi¢b c&8e it may be regarded as re5trtc￿d.
' iDCOrn¢ from memberstrtips is ￿C0s￿1sed when received rathcr thall accrued or deferred.
{e) RESOURCES EXPENDED
Expenditure is recognised oll an accrua]s basis as a liability is tncurreiL Expeftditt￿e includes any VAT Mthi¢h
catwot be fjjlly recovere& and is classified under b¢adukgs of the Statement of Fij￿￿￿&1 Activities to which
it relates..
' expenditure OD raising fimds includes the costs of all fi￿d[aIsIng activiti¢4 evert% non-cTrwitable trading
activities, and the sale of don*ed go¢)ds.
expenditure on charitable activities includes all costs incurr¢d by & clwity in undertaking activities that
furtber its chaxitable aims for the benefit of its beneficiarie4 including those sUPPOrt costs and costs relatiDg
to the governance of the clwity app(*tioned to charitable activities.
(Trther expenditttre includes all expenditi￿¢ thgt is Deitherrelattsl to raising fi]n(ts for the clwity nor part of its
expenditur¢ orA tharitable activities.
All rosts are allocated to eXPeDdI￿ categories retlectillg the use of the r￿￿rCe. Direct costs att￿￿￿table
to a single activity ar¢ allocated directly to activity. Shared costs aTe apportioned between 1he activities
th¢y eontrtbute to on a rwonable, ju5tifiablc 3lld cousisteni basis.
(fj TANGIBLE ASSETS
Tallgbi le assets are initiaity rewrM * ¢osty aDd subwuently stated at ¢¢)st less any accumulated
d¢preeiation and itt1pai￿ent losw.
(&) DEPBECIATION
Depre¢iatioD is calculated so as Èo wrtte off the cosi or valuation of an asseL l¢&s its residuai Val￿ over the
us¢fi]l ecoELomic life of tI￿t asset &$ follows..
Fixtures and fittings
F￿¢hOld property
- 2￿/0 rtducKllg balauce
- 2Y• straigbt line

CAMBIUDGE MUSEUM OF TECHNoL￿y
PAGB 12
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1st bAARCH 2024
NOTES TO THE FINANCIAL STATEMwrs
) HERrrAGE ASSETS
Heritage assets measur￿1 under the cost model are reco8tiised ÉDitially Tecorded at acquisttion C051 and
sllb5equently ststed at cosi less any accumulated depreciatiou aud itnpair￿ellt[05Ses.
Heritage &5s¢ts mea5urnI ￿der the revaluation ￿0d¢1 art rtcorded at fair value less any accumul￿￿1
I￿pa￿)ent losses.
WheTt infornjation on the cost or value of an asset is not a￿lIable and cannoi be obtsined at a cost which is
commet)surate with the benefits to user5 of the financial 5trdternents, the asset shall not be recogllised ÈD
the statement of financia] wsitioll.
li) STOCKS
Stocks ar¢ ¢5tirnated at the lower of c¢)5t and esttmated s¢lling pric¢ less ¢osts to wwplete alld Sell. CirtS
includes all cosrs of purcbaK costs of conversion and other costs incurred in bringing th¢ 5t(Kk to its p￿¢nI
location and Condition.
(i) DEBTORS
Debtors aTe re￿gnised at the settlem¢nt amount less any discount or restriction on recover&bilty.
(k) CREDITORS AND PROVISIONS
Crcditor5 are recogDised where the clwity h&% a present obligation resulting from 8 p&st event that will
probably result in the transfer of fimds to a thtrd paty aDd the amount due to settle the obligatiott can be
tr&easured or estimated reliabty. Creditors and provision5 are Dormally TecogDi5ed at their settlement date.
) PENSION
The ¢ornpany ¢ODtributes lo a d¢fined contributlOD peDskoD ￿hr￿e foi each employe¢ according to its
legal obligations. Those assets are held separately from the cljarity ID illdependently admill￿tered fimds.
There w¢r¢ no ￿ntrIb￿lOn$ outstanding at the year end.
GRAKfs AND IK)NATIONS. CURRENT Y&IR
Total
Funds
2024
Unrestricted R¢stri¢t¢d
Funds
Funds
DonatiOIiS {iDcluding Gift Aid)
National Lottery
Reach grdnt
Norfolk City Couu¢il
Tesco Bass of Help
4.020
4,020
49,966
800
3,000
1,000
49,966
800
3,000
1.000
5.020
53,766
58,786
4b.
GRANTS AND DONATIONS- PRIOR YEAR
Restated
Unrestricted Restricted Total Funds
Funds
Funds
2023
Donations (includiDg Gift Aid)
Calllbrtdge South Rotary Club
Pye Trust
Education Servi
1658
i.(M)o
2,658
1,000
3,420
3,400
10.478
3,420
3,400
3,658
6,820

CAMBRIDGE MUSEUM OF TECHNoL(￿y
PAGE 13
FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 Isr MARCH 2024
NOTES TO THE FtNANCIAL STATEMENTS
CHARrrABLE tNCOME
Rutated
Totsl
Total
Unrestricied UnreslTieted
F￿dS
Fund5
2024
2023
Admi5510￿5
EH Base Ftts
me￿berShIp (including Gift Atd)
Shop sales
Other tncoTDe (including services and traiDiDg)
34.922
74,9)4
124
3,076
7,598
25.765
54,762
350
2,810
21.076
120,624
104,763
Tot
Total
Unrestricted Unrestricted
Funds
Funds
2024
2023
Bank interesi receivable
342
140
7a.
EXPENDITURE ON CHAIUTABLE AcfiviTIES BY FUND TYPE
. CURRENT YEAR
Total
Funds
2024
Unr¢stricted R¢strieted
F￿dS
Funds
Salaries
Site rnaiutenance
Utilities
Rates
Coke and gas
Collection management
Insurance
Le8al aud accoulltiD8
Engin¢eT'S Ho
Miscellaneous
D¢pr¢cialioD
31,702
2233
14,979
421
165
28
9.499
13.761
15,667
4,383
6.592
6,212
31.702
7.248
14,979
421
165
28
9,499
13,761
15,667
4.383
34,984
6,212
5,015
28.392
105,642
33.407
139,049

CAMBRIDGE FAUSEUM OF TECHNOLOGY
PAGE 14
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024
NOTES TO THE FfNANCIAL STATEMENTS
7b.
EXPENDITURE ON CHARrrABLE AcfIvETIES BY FUND TYPE
. PRIOR YEAR
Total
Funds
2023
Unr¢5tricted Restricted
Funds
FuD(Ls
Salaries
Site maint¢nan¢e
Utilities
Rates
Cok¢ and gas
Collectioll ￿￿￿8¢Inc￿t
IuSYTance
Legal and accounting
EngiDe&s House
MisLellaneous
Depre£iation
Loan interest
Travel
28.899
14,653
18,243
475
116
34
7.798
4.309
14,444
7.548
5594
7.171
113
28,899
18,425
18243
475
116
34
7.798
4,309
14,444
7,548
35,083
7,171
113
3.772
29.489
109J97
33,261
142.658
EXPENDITURE ON RAssfNG FUNDS BY FLfND TYPE
Unrestricted Restric¢
Funds
2024
Tot￿ Unrestricted Restricted
Funds
Funds
FuDds
2024
2023
2023
Toral
Fullds
2023
2024
Advertising and markettng
Events expeDs¢s
3.088
645
3,148
645
3207
1,021
3,207
1,021
3.733
60
3.793
4228
4.228
NET INCOMtNG RESOURCES
This is stated after charging..
DepTeciation of laW￿le fixed assets
F¢¢s payable for the ¢x&))ination of the financial statements
2024
2023
34.984
E,452
35,083
1,350
loa.
TANGIBLE FIXED ASSEfS
. CURRENT YEAR
COST
At 1st April 2023
AdditiOIJS
Fi¥￿¢5 &
Fittings
Freehold
Property
Total
20,474
420
1,654.465
11,738
1.674.939
12,158
At 3 1st M￿ch 2024
20,894
1.666.203
I,687,097
DEPRECIATION
At Isi April 2023
Cbarge for th¢ year
At 31st Ma￿￿ 2024
12,073
1.765
98,952
33219
111,025
34.984
13,838
132.171
146,009
NET BOOK VALUE
At 3 1st Marcb 2024
7.056
1.534,032
1,541,088
There is a charge on the prqxrty in tavour ofthe N8ti0nal Lo￿ry Heriiage Fun(L

CAMBRIDGE MUSEUM OF TECHNOLOGY
PAGE 15
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
NOTES TO THE FENANCIAL STATEMEKrs
lob.
TANGIBLE FIXED ASSEts
. PRIOR YEAR
COST
At 1st April 2022 and 31st March 2023
DEPRECIATION
At 1st April 2022
Charge for the year
At 3 1st Ma￿h 2023
Fixnw¢s &
Freehold
FittTDg5 Pwerty
Total
20.474 1.654,465
1.674,939
9,974
2,099
65,968
32,984
75.942
35,083
12,073
98,952
111.025
NET B(M)K VALUE
At 3 1st March 2023
8,401
1,555.513
1,563,914
DEBTORS
2024
2023
Debtors
Prepaym]ents
10,564
1648
4,465
1,689
13,212
6,154
12.
CREDITORS.. AMoifNTS FALLING DUE WITHtN ONE YEAR
2024
2023
Creditors
Loans
Acen]a]s and deferr￿ iDcotn¢
OtI￿r tteditors
1,971
58,000
1.615
598
3,235
08,000
1,470
019
62.184
73.324
13.
CREDrroRS.. AMOUNTS FALLING DUE AFfER
MORE THAN ONE YEAR
2024
2023
60,401
65.190
The charity has a loan with th¢ Arth￿te￿ Heritage Fund of £IOO.IJ)O. The arnount olltstattding aq of the end
of the FY was £66,393. AHF bave a redu¢ed monthly TepaY￿￿ent (whTch includes Capital as well as
interest pa)Thents) until at least April 2025, with payments ¢xt¢nding until the loan is repai4 potentially up to
2030.

CAMBIUDGE MUSEUM OF TECHNoL(￿y
PAGE 16
FINANCIAL STATEMEwfs FOR THE YEAR ENDED 3 1ST MARCH 2024
NOTES TO THE FfNANCJAL STATEMENTS
14a.
STATEMENT OF FUNDS
. CURRENT YEAR
Brought
C8Thied
Unrestricted futtd5
General funds
30.004
125,986
(109,375)
46.615
Restricted fuTrds
- Nationa5 Lottery Heritage Fulld
- N￿lonal Lottery Heritage Fund
- Pye History TFU5t
Reach
- Historic England
- Heritage School
- EducatÈon Services
. Share Mu5eurns E&st
1,185,329
(23,631)
1.161.698
49.966
48,006
336
114,362
67,535
,705
49,966
48.983
{977J
{4641
(2,3261
(1,374)
(1,695}
{3,000)
(33,467)
(142,842)
11&688
68.909
3,41KI
3.￿0
1.423,309
53.706
1,443.608
TOTAL FifNDS
.453.3 13
179,752
1,490,223
14b.
STATEMENT OF FUNDS
. PRIOR YEAR
Brougbi
Carried
fonvard
Ill￿me Expenditure
Unrestricted fuDds
General filnds
35.068
108,561
(113,6251
30,IM14
Rtstricled funds
National Lottery Heritsge Fund
- Pye History TTr￿1
Historic England
Heritsge SchoM)I
- Education SeTVi
1209,941
50J59
(24,6121
(4,796)
(2.422)
{1,431)
,185,329
48.983
116.688
68,909
3,400
3,420
70.340
3.400
6,820
1.449.750
1.484.818
(33,261)
(146,886)
1.423.309
TOTAL FUNDS
115.381
1,453,313
Nationth Lottery Herttage Pye History TTUSL Historie England and Herithge School were all gTaJJts
provided towards the capitrl wsts of restt>ring th¢ buildings of the Museum.
Reach alkd Share m￿SeUMS E&st w¢r¢ grants for ]JJainteDaDce alld ellabling the mL￿U￿ lo work towards
reaching Wet Zero,.
Educational SeTrices a grant towards school visits and education.
N￿]0￿21 lknttery HertÉage Fu￿1 for £49,966 was a ￿t re(xived to b¢ expended in the following years on
supportin8 the in tern￿ of vol• recruitrtieDL mailltenanc4 dtgital and educational opportunities
and events.

CAMBRIDGE MUSEUM OF TECEfN0L￿y
PAGE 17
FtNANCtAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
NOTES TO THE FfNANCIAL STATEm￿[s
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Totsl
Restated
F￿d5 UDrestricted Restricted Total Funds
2024
Funds
Funds
2023
UDT¢5trict¢d R￿tricted
Funth
Funds
Fix￿ &%%ets
149.151
lJ91.937
1.541,088
I44,￿J5
1,419.909
1.563.914
Net current liabilities
Long terni liabilities
(42,135)
(60,401)
46,615
51.671
9,536
(60,401)
1.490,223
(48.8111
105,190)
3,400
(45,411)
{65,190)
1.443,fA)8
30,004
1,423,309
1,453.313
16.
TRUSTEE REMUNERATtON AND RELATED PARTY TRANSACTtONS
Neither the Tn￿teeS nor any persons connected th th¢m have received remuneTrtton. either in the
Cu￿ent year or the prioryear.
During the year totsl exF¢nse5 of £1.095 (2023.. £1.531) wtre r¢i￿butsed to Tr[￿ets.
tknnations tofalling £100 (2023: £450) were re¢¢iv¢d from Tn￿te¢s. An amouni of £Nil (2023.. £578) was also
received from a trustee for rn¢rclMndise.
A l¢)8n w&8 received in previous years from M B1Xkbu￿ a Trus*e. The amount outstanding at the end of
the year was £40,0(KJ (2023.. £40.01)0).
17.
STAFF COSTS
2024
2023
Wages aud sa]aries
Social security costs
Pension ¢ontributions
26,847
3,503
1,352
25.289
2.661
949
31.702
28,899
The Truste¢s consider themselv￿ key twement and are not remunerat
No employee rK¢iv¢s a salary of rn0￿ than £00,1￿10 ￿ annum. Th¢ average numiv of staff employ¢d
by the dtarty is 2 (2023: 2).
18.
STATEMENT OF CASH FLOWS
Total
Funds
2024
Total
Fun
2023
CASH FLOWS FROM OPERATfNG ACTIVITIES
Net movement for tbe reporting period (&$ the SOFA)
Adju5trneni for..
Interest receivable
DepreciatiorA
Decr¢ase creditors
Incruse ID debtors
36.910
(31,505)
1342)
34.984
(15,9291
{7,058J
(140)
35,083
(27,522)
(3.376)
(27,460)
Nei cash provided by Operati￿ activities
48,565