CAMBRllKE MUSEUM OF fECFTN0L(y TRUSTEES, RE14)RT AND FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
CAMBRIDGE MUSEUM OF TECINOLOGY FfNANCIAL STATEhlENfs FOR IHE YEAR ENDED 3 1ST MARCH 2025 CONTEwrs.. PAGE: Company Infonnation Tnjstees, Report Independent Ex8min¢V$ Report Statement of Fiw¢tal Adivities Balance Sheet Statement of Cath Flows Notes to the FinprAcia] Statem¢uts 10-17
CAMBRIDGE hlUSEUM OF TECFfNOLOGY PAGE I FINANCIAL STAIEMEKfs FOR TELE YEAR ENDED 31ST MARCH 2025 COMPANY INFORMATION.. CURRENT TRUSTEES.. Jolm Adriall Sheppatd Lucy Thompson Nick Plais¢er Steveo KnLge Anne French KieT8n Ol¢ave (r¢sigD¢d 17100f2025) Anly Hi)oker(resiglled 17106120251 Mattrlew Sarkar Treasurer Bhagwat Nagargoje Wah Suug Vincent Uak CHARITY REGISTRATION NUMBER.. 1156685 COMPANY NUMB.ER.. CE000931 REGISTERED OFFECE.. The Old Pumping Ststion Cambridge CJmbridgeshire CB5 8LD tNDEPENDENT EXAMtY4EL. lun W Shipley FCCA For and on half of Pr¢nti5 & Co LLP Cbarterel Accountants 115c Milton Road Cambridge CB4 IXE BANKERS: CAF Bank 25 Kitigs Hill Avenue KirAgs Hill West Mallins Ke ME19 4JQ Barc]ays Bank UK PIC (Cambridge BTall¢b) Leicester Leicestershire LE87 2BB
CAMBRIDGE MUSEUM OF TECWIOLOGY PAfjE 2 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES, REPORT The Tntee5 present their arnllual T6POrt and fjnancial staternents for the Y ended 315t March 2025. The fjnsnciai statements compty with the Charities Act 2011, alld Reporting by Chwitie5'. Statement of Reconjmended Practice applicable to Gharities preparing thelr accowjts in accordance with the Fin¢11 Reporting StaDdaTd applicable in th£ UK and Republic of IrelaDd (FRS 102) issued October 2019 (efftctive 1st January 2019). STRUCTURE GOVERNANCE AND OBJEcfIvL8 The.laus¢uw's charitable purposes are to advanc¢ educalion in scienc4 tecbnology 8nd industrial herirAge through the developllKntof a rnuseum ofts¢huolo8y for the Illefit of the publi¢. The Museum's T1¢¢$ adoptedth¢ followiDg TDissio To pre5¢rye and d¢mon5trJte the Industri andteclJntslogic81 heritage of Cambridge for the inspiration. ejoYMent and edu¢&tion of all., It seeks to achieve Ats charitsble objectives by undertakiDgth¢ followillg activities." Collecting and preserllg objects and storie5 relating to the industtial b¢ritage of Cambridge. . Pre8er¥ing the Mu%um'5 historic iDdu5trial sit& buTlding and awciated mathinery. . Displairyn& lltt¢rpTeLithg demonsiTaling the collection4 the historic gite, butldillg uthinery, plus iated str)ries for everyoDe to enjoy. explore and learn from. oatIng th¢ colleuions where pra¢ti¢able. Overcoltig as Ma physi¢al, iAtelleetllai and fjtwicial barriers L9 possibk to providethe wid¢5t possible ccss to all of ourbuildnw, collections facilities. . Markding the Museum to appeal to a bTIMd Ige of target audiences. Developing the MeUm &$ a friendly and high quality ttDtre end resource for the Iwal commmiity. . Developin& training and si]pr]ng the volunteers who h¢lp nm the MuseuDJ. Providing a w¢lcorJing and enjoyable experiaLce for visitors. Deliv¢Ting a dynamic prograMt for fonnal edu(aÉion informal learning groups to discover CallLbridge's industiial 8Dd technol0Cl heritage and r¢lated STEM subjec1& (Seience. Techuology, Elleerin MatheTDatics.) The meum is run by a B0d of TnTrsl¢es which meets bi-moThthty. The day-trdaynlllg of the Museum is delegatsd to a Management Con]mittee which meets monthly. The Nqus¢ll ts constituted as 8 Charikble IncortN)rated Ihg8tiisati0 incorrated ill 2014 der a 5tallthd memt*rship CIO (Deed). ND externaE bDdtes are aUow¢d to apInt Thtstees. Under th¢ COTMItutio new TrLLStces may be apwinteil by th¢ methrslIp at a geDeTal meeting of members, or at a Board of Tlustees rneeting. New Trustees aTe provided with an initial induction into Ihe activities of the djarity by fellow Trustres. They 8Je also provided with documents such as the Trustee Deed and latest accounts. Thtstees at the lirne oFapproval of thi5 rep)rt: - John Sheppard - stev{ KrusE - Lucy Thowson - Lain Camicero - Anne French - Nick Plaistrr - Bhagwat N'agargoje - Wah SuDg Vincent Mak Other Trustees tho served during the fCIal year. Aroy Hookw and Kierdll Gl¢av¢.
CAMBIUDGE MUSEUM OF TECHNOLOGY PAGB 3 FANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH2025 TRUSTEES, LIORT ¢ontinued PUBLIC BENEFIT STATEMEKr The Truste¢s of the Cambridge Museutn of Tethology(CMD are committed to ¢DsufiDg that all activities are plaTmed and overseen with the pub]ic bellefit in n)ind, followiDg the Charity Commission's guidanc¢. CMT strives to eJ)Tich the local communtty by preseThiDg heritagq providillg attess to the history of tecknolO. fOering educational PTograms, aud encouragiDg ¢TW¢M¢ with the museum's collections. ACHIBVEMENfs AND PERFORMANCE OrganisatioDal Cgpaelty aDd Stsffing In October 2024, a new Dictor al Trcasurer to the Board ofTnteeS wete r¢crnt¢¢4 reaching our full Complement of I I membErs. The thre¢ 8tatTposts fuDded by the National LK)ttery Heritsge Fund INLHF) wer¢ in place by Nov¢mber 2024. These are.. Enterprise MaDager, Community Officer, and Edall0 Officer. These part-iime roles are belping the CMT grow income, expand educational offeritu and Strengthen community ties. The Front-of.Howe MaDa8er and Administrator ¢QDtinutd to SUPPOrt the cMr'3 day-lo-day opeiions and wett pivotal in the iudurtion alld intewtion of the Dew n)berS of staff. The dcdication of our Site Team volunte£rs ¢ontiDue5 to be Itentat in keepiDgthe CMT open to the public. Their cornirnilrnent underpins the contilluatioD of museum activities that have trt¢n nwning successfithlly in recBDt years and 2ts0 drives tbe developmeThl of u¢w initiatives. Close to 6.700 voluDtreT hour5 were recorded io B¢tteT Impart in2024. CoDsultsll¢y and CollectioDS The CMT appointed a Carnbridge.b&sed heritage consuttant to eVale the Full Steatn Abead projed Sponsored by NiHF, with a view to helping the museum iwve the visitor ¢xwi¢llcc and interpretive offer. ThakS to fimdiDg from the Foyle FOdatIo54 a Collections Officer Nvas recThited for 12 month5 to support curatorial work Lnd th¢ rehoming of artiFdClS. and 10 fdcilitate parthership projects and temporary ¢3hibitiODS. A n¢w tellwrnry exhTbition,'Wh&t Hwens Next.. was launched inthe Pye Buildill& exploring the period from 1967 to the present day. The PTint Team led exhibition tn the Prying Stst1 show]£ voluDtreY-submitLr4t w Community Engagement Social Imp¢t The CMT launched a Con)Jnullity ForullL invitiDg l(Kal grott fot an eveDillg of networki Thi5 event sparked ide&8 for ture collaboratioThs and deepened local relationships. 1Tr6 musewn a150 bosted Con]muDity Sunday tsjks wtth thE Riverside ResidenW Association (RARA) and opened the doors to Abbey People for a free eV]Ing ¢venL helpittg reduce exclusion and imptove access. The Cambridge Industrial Archaeolo Group ¢ontillued theIrregul tslks atthe mvs¢vm's premises. Visitors During tbe 2024-25 financial year, the CMT continued to operJl¢ three days a weeL IKyond just weekends, with plans to furtber illCTe&st ho bed on visitsr demand during school alld bank holiday5. Th¢ Electric Roorn was Izansfonn¢d into a new ti¢k¢t office and, following this rnove, the museum shop increased its sales. In 2024. the CbfT welcomed 7262 MstioTg- swp&ssing the 2027 record of 7.239. hosted 14 school visits, w¢lcorning over five hwiitred pupils. and secured moT¢ than 20 prtvate site hires, including parti4 art shows, and weddTngs.
CAMBRIDGE MUSEUM OF TECHNoLy PAGE4 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES. REPORT colltinued EducatioD Eyenls The CMT delivered a wide-ranging prOgrae for dildren aud fallIes, with ¢xtra Twilight at the Museum se8sion8 and a Toddler into Tech pro¢ to exploTe scientific themes through plW activities. Fgaging younger audiences continue5 to be a key aim, and these &vly-yeaTev¢nts have set a strong Preced The CMT participated in the Catnbridg¢ F¢5¢ival. h05ting three sepaIate events. These included the r¢lurn of Dying for Life's Shadows and Light workshop, and the CMTS new Ftyitig into the Futjjre drone workshop, where participat)ts interacted with drolle S and built their oTrvu rn]5. In additio the QWI'S staff represented the Museurn at the F¢stival's faroily weekend at the New Museums Si, exp4lldillg th¢ cmfs r¢ach into the city. centre. The CMT also joined thre£ pop-up evgnts as part of Slttmner at th¢ museull. with the Universty of Cambridge MuseUll. and OFtn CambTidge featured the volunteer-led Enew Waiks. which w¢re bookeiL The Management CoJDmittee renMi1 dedicated to hosttllg all llrray of comm¢rcial 4Dd cornrnutiity-oriented initsatives, the largest belng the Folk Day- which attracted 297 attendees ill its seeond year. In summer 2024. the CMT hosted a wrdding for400 guests. 6Jrthcr enEwicÉDg the mt]seum'8 ewienc£ Thith large events. FUTURE PLANS Plans for 2025-26 The is expect¢d to be open to the public five days a week(Wedll&%dayto S) duritig the school summer holidays, Itlle with our Full Steam Ahead PTojecÈ goals. Remedial works ate I]ng plawied fortbe Gas Engine Room roof and ceiling, wtth a prop)sal undenvay to Historic England to pr¢s¢rve th¢ sch¢dul¢d TuonumenL A WOTking growj wll be in piace to addrn funding and 5uslainability dwing ¢lobure. The illGome from the Engineer's House colltinu¢5 to b¢ ¢55eDtial kn r¢payth¢ AHF NLHF fi]nding ts resBrv¢(I foT redeLoraling the fiT5t floor of the Engineer's House. and the lydeveloptent of thE OU0rS site is scheduled to begill in November 2025, with match fundtllg fro b05Pitalitypartner5. The CMT will fiwd esse11 access improvem£nts which are part of this proje¢L includinE a disabled lift, rdmp, alld toilet faciliti¢s. FANCIAL REvw The Tte¢S ¢on8id¢r the rt8ults f¢)T th¢ yur si5factory. The seMent of Financial Activities show8 an overall deficiÉ of £14,(M9 (2024: SUTplus £36.910) made up of arestricted fimds deficit of £42,394 (2024.. surplus £20299), and a smylus on estricled Ejf £28,345 (2024.. swplus £16,611). The restricted deficit Is represented on the balauc¢ sheeÉ with the costs of redevelopment of the site under fLxed assets. RESERVES POLICY The Biiard of T¢¢$ reviewedthe Reserves Policy in 221 and c4)ll¢luded a reserve of £27.500 is required to allow us IQ CODt2nu¢ operating during adve events suth as ]nuseum c105ure or structural issues in the sch]ed Monutnellt. IDcludLDg grant fulldin& c&th in tbe b4Dk w&5 aknye the reserv¢ thT¢shold foT the 2024-2S ¢y¢le. FUNDRAlStNG POLICY The charAty not a¢tivety fundraise from the public otberthaD on its pttKDises, although IL is alwa}Is happy to tective donations. The tn&jority of do1]105 and gTants are sou2ht from public E¥)dies and charitable organisatioTJS. The charity ollitors atl fidraiSing carried out" it coOnS to teLogtiised Sta[ardS not received XDY complaints. As the charity does not opellly yolicti fid5 from the general public it is unlikely to tettive donations from vlllnerdble people, but it is aware of its obligatiths.
CAMBlU[E MUSEUM OF TECHNOLOGY PAGE 5 FINANCIAL STAT&MBNTS FOR THE YEAR ENDED 3 1ST MARCH 2025 TRUSTEES, REPORT cotinUed RISK MANAGEMENT The Trustees maTntsined a risk regist¢r duriD8 the reporting The Trustee5 have adopted and regularly Teview the following p]icies and proc¢dur&8: Collections Development Poli, ChildreD and VulDerabl¢ Adult Protection Policy. Confiicts of lut¢rest Policy> Equal opportltieS Policy, Respect and Dignity Poli, Health and Safety Policy, FJ]viroDllJ¢Jttal Sustainability Policy, Reserves Policy, Data Ret¢Jtion Policy, Financitil Regulations. VoluDteering Policy {includiDg Con)plaiDts Procedure), Data Mallag¢rn¢ll¢ Policy, Privacy Notice, Lettin8s Policy. Cop)Tight and IP Policy, Aw¢s5 Po]i¢y, Collection Care and Cons¢rvation Policy, D(Kumentation of the CollectiorL5 POJi. alld Trustee Eligibility Policy. REMUNERATION POLICY The Tn]stees consideT thESelVeS key MalleMeTht and are not T¢mullernted Staff pay is deternjined by the Tru¢¢% infonned by cornp to salories within th¢ s¢Ctor and location. RESPONsfBILITIES OF THE BOARD OF TRUSTEES The charity Trustees are r¢5ponsible for prcparittg & Truee5, annual ryrt and finU¢191 statements in acGordallce with applicable law and United Kingdom AccouDtiDg StandaTds (Llted KinE&)rn Gtherally Accepted Accounting Pr&ctice). Charity law requires the Gbarity Ttustees to prqmre the financial statrments for each y¢aT wbith 8ive a true &T fair view of the state of affairs of thc charity and of the Incoming resour5 alld application of Tesources, including the income and expenditure for that p¢ri(xl. In prepar1t the fillancial Statem the TnLStees aTe requird to: . seled suitable xcoiinting w]icies arwj then apply them consistently. bserve the m¢thod5 and principles in the Charities SORP. mak¢ j¢Ments and esti]1]21es that reaSQDable alld pnent. state whethu app]icable UK oUnting Standards have been followe& subj¢ct to any material departures disc105ed aDd explained in the financial stateents. pE¢pare the financial statements QD the going Conc bAsis unless it is iDappropri*e to pr¢sume that tbe charity will Continue in business. Thc Trustees are responsible forkcq)iDg Proper acwuming records disclose witb reasonable accuracy at any time the financial EM)Sttion of th¢ Clwity and to enable them to ensure that th¢ financial statements con)ply with tbe Charities Act 2011. They are also responsible for safrguarding the a&8ets ofth¢ clwity aj hen(x taking reasonable stEPS for the prevemion and detection of fraud and other irrttsularities. This was approved by the truslees o alld signed oll their bebalf, by: Iq /zoiS WAH SUNG VINCEKF MAK CHAIR OF TRUSTEES
CAMBRIDGE MUSELJN OF TECHNoL(y PAGE 6 FINANCEAL STATEMENTS FOR THE YEAK ENDED 31ST MARCH 2025 rNDEPENDwf EXAMINERS, REPORT TO THE TRUSTEES OF cAMBRllE MUSEUM OF TEcEfHoLOGY I report to th6 TTUStee5 QD rny ex&rnination of the accoutts of c•mldge MU]ll of Technology Charitable IDwJpoTated Organisation {Ybe CIO,) for the year ended 31 March 2025. ESPONSEBILJTIES ND BASIS OF REPORT As the trustees of the CIO you ar¢ r¢spoDsible for the prq)uThtion of the accounts in accorthce with th¢ requirements of tbe Clwities Act 2011 (Ibe Ace). I report in respect of my Examixthon of the CIO'5 accounts catrÉed out der 5Xtion 145 of the 2011 Act and in Canying out my exaMiDation I have followed all the wlicable Directi0ts5 given ty the Cb8rÈty Cojnmission under 5Ktiou 145(5)(b) of tb¢ A¢L I have cornpleted my exatllination. I confinn thot no roatrriai nllerS have to w attentioll in corjnection with the exan]iDatiim giving me U5¢ to believ¢ that in ally rn8teTial r¢spectr. (l) accountingrecords were not k¢pt as Tequiredby section 130 of the Act or (2) tbe accounts du llot accord with those T0Ts. or (3) the account5 do llot cotnplywith the app"¢able requtrements c41ncerning the forni and wnt¢nt of accounts set out in the ClwÉtiEs (Accounts and Reports) Rc8ulations 2008 other thall gmywuire]nent tbat the accounts giv¢ a ue and fair view Nvbieh is not a matter considered as part of an ind¢pen¢knt examination. I have no e4)neerns and have cOe [0$5 DO other iD wDllectioll with the examination to which att¢utiOYJ should be drawn in this rewrt iu orderto cthlE a pro ude]ng of the accounts to Teached N W SHIPLEY FCCA FOK AND ON BEHALF OF PREYfIs & CO LLP CHARTERED ACCOL. TAFrrs & 115c Milton Road Cambridge CB4 IXE QKtr(b
CAMBRIDGE hfjUSEUM OF TECHNoUy PAGE 7 FtNANCJAL STATEMBNTS FOR THE YEAR LNDED 31ST MARCH 2025 STATEMENT OF FtNANCIAL ACTIVITIES Unrestrieted R¢stricted Totsl Funds Funds FuDds 2025 CURREf4T YEAR Note INCOME FROM.. Charitable activities Grallts and dO]tionS Investment iD¢ome 117,824 6,894 1.273 117,824 21,894 1,273 15,0(M) TOTAL INCOME 125.991 Is.000 140.991 EXPENDLTURE ON.. Charitable activities Raising fimds TOTAL EXPENDITURE 92.282 5,364 57.394 149.676 5.364 97,646 57,394 155,040 NET MOVEfvtENT I.V FUNDS FOR THE YEAR RECONCILIATION OF FUNDS Totsl Funds & 1st April 2024 Tothl Funds at 31st March 2025 28,345 (42J94) (14,049) 46.615 1,443,608 1,401,214 I,4,223 74.960 1.476,174 PIUOR YEAR Not&4 Unrestricted R¢$tricted Totsl Funds Funds FWJ 2024 INCOME FROM: Charitsble activities Grants aud donations Investrnent inco¢ 120,624 5,020 342 120.624 58,786 342 53,766 TOTAL INCOME 125,986 53.766 179.752 EXPENDITURE ON: Charitabl¢ aGlivities Raisitig fund5 TOTAL LXPENDITURE 105,642 3,733 109,375 33,407 60 139,049 3,793 33,467 142,842 NET MOVEMEKf IN FUNDS FOR THE YEAR 16,611 20,299 36.910 REcoNClATION OF FUNDS Totat rwth at 1st April 2023 Totsl Funds &t 3 1st March 2024 30,004 1.423.309 1,453,313 1,490,223 46.615 1,443.608 The StstellLent of Financial Activitieg iticludes all gains and lossts recogllised in ixyth peri(Kts. All income and expenditure derive from contilluig activities. The notss on pages 10 to 17 foTtll part of fiDanGial statements
CAMBRtDGE MUSEUM OF TECHNOLOGY PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 BALANCE SHEET Notes 2025 2024 FIXED ASSETS Tanwl)le wets TOTAL FIXED ASSETS io 1,517,722 1,517.722 1,541,088 1,541,088 CURRENT AssErs Stock D¢btors Cash at bauk 150 15,888 46.352 150 13,212 58.358 TOTAL CURRENT AssErs 62.390 71,720 CREDITORS.. Amoullts fling due within oTh¢ year 12 {66.916) (62,184) NEf CURRENf ASSETS (4,526) 9,536 TOTAL ASSEfs LESS CURREKI LBIllES 1,513.196 1,550,624 CREDITORS.. knowits falling due after more than One yeur 13 (37,022) 1,476.174 (60,401) 1,490,223 NET ASSETS THE FUNDS OF THE CHARITY Restricted fijnds Unrestrict£d funds 1,401.214 74.960 1,443,608 46.615 TOTAL CHARITY FLfNDS 14 1.476,174 1.490,223 These fiall¢la1 stat¢ments were appmved bythe Board of Tn and authorised for issue on .... .. . d WeTe signed on their bebalf by.. BHAGW TRUSTEE NAGARGOJE The not¢5 page5 10 to 17 forni part of these fiala1 statements.
cAmBRllE MUSEUM OF TECHNoLV PAGE 9 P[NANCL STATEME FOR THE YEAR ENDED 3IST MARCH 2025 STATEMwf OF CASH FLOWS Note 2025 2024 CASH PROVIDEDI(USED IN) BY OPEIi4TING ACTIVITIES 18 (1,737) 48.565 CASH FLOWS FROM INVESTING ACTtVlTIES Bauk interest Purcha5¢ of fixed assets 1,273 (11,$42) (10.269) 342 (12,158) (11,816) NET CASH USED IN INVEsTG ACTMTIES CHANGE IN CASH DLIUNG THE YEAR TOTAL CASH AT THE BEGINNING OF THE YEAR {12,006) 58,358 36,749 21,609 58,358 TOTAL CASH AT TKE END OF THE YEAR 46.352
CAMBRtDGE MUSEUM OF TECHNoLy PAGE 10 FANCIAL STATEMENfs FOR THB YEAR ENDED 31ST MARCH 2025 NOTES TO THE FINANCIAL STATEMEF<rs GENERAL tNFORMATJON The cFRrity is a public Iefit entity and is a reered clwity in En*d and Wales and is incorporated. The addre55 of tht principl¢ office is The Old Pumping StatioD, Chedths Lane, Cjmbiidge, C8mbTidgesbir¢, CBS 81D. STATEMENT OF COMPLIANCE These financial statemellts bavc been preptred in coropliance with FRS 102,'The Fil1¢11 Reporting Standard applicable io the and the Republi¢ of Jrel&nd, the Statem¢Dt of Re¢ommend¢d Practice pp]icable to ¢harili preparing thcir aceounts in accordance witb thE Financial Reportillg Standard &pplicabl¢ in the UK and Republie of Ireland (FRS I2) (Cbarities SORP IFRS 102) )d the Clwities Act 2011. ACCOLryTING POLICIES (a) BASIS OF PREPARATIO The financial StateEnts bave been pr¢pgTed onthe bistOTical ¢o&basis. as modified by the reVa]u10 of certain financial assets and liabilities. iacludiDg IKTitsge assets. The fiuan¢ial StateDnts are prepared ID sterli Mpbith is the fittKtioDa] CUTrency of the etity. (b) GOING CONCERN TbE Trustees are eonfident that th¢ will continue a5 8 going concern. A nuMr of steps have been taken to reinforce the financial ]ltiOn of the Museum and so support our conclllsions in this regard These stqkq include. Ten¢glatIOn of the ternjs of financing 8Th9ge[Dellts, GOSI reduction measurEs a drive to incre&se income through a greatr rdDge of activili¢s the Museum c4n PTovid¢ and offers. Additionally a sigDificaDt sector pIfiC gt has becn awarded to the Museum which will enable th¢ Museum to mainlain wrrent activities and proTrqde fm8ncial resili¢nc¢ forthe lonEer te. {c) FUN'D ACCOUN'TtNG Unre3tricLed fiLDts are available for use atthe diSCretit of th TnLStees to furfher ony of th¢ ebaritys purposes. Designated fuDds are UDrrstiicte4J fiuKb by the Ttuste¢5 for l¢lar future project or comrnilTnent. Restricted finds are subjected to Testrictions on their expendittwe dEclared by the di)nur or through th¢ t¢Tm5 of appeal. and fall into ODe of two suFrflasse5: Testricted illcome ndS tsr enoowment fis.
CAMBRIDGE MUSEUM OF TECHNOLOGY
PAGEII
FENANCIAL STATENIEwfs FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STA TEMENTS
(d) INCOMING RESOURCES
All incoming sOUrCeS ar¢ included on the Stalement of Financia] Activities entitlement passed to
the ¢haDty. it is probable thatthe economic Ixnefits assl&led witb the transaction will flow to the charity and
tbe oU[rt call be re]iabty Ure
CAMBRIDGE MUSEUM OF TECHNOLOGY PAGE 12 FfNANCIAL STA TEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS (h) HERITAGE ASSETS H¢ritage assets ered underthe c4)stmodel are reColS¢d iDitsalty recorded at wuisition cost. and 5ub5equently stated at cost less any ac¢umu]ated depciatIon and impairtiwit losw. Heritrge a&qets measured Undth¢ r¢valuatioll 0de1 are recorthl at faiT value less ally accumulated itnpaiTment10s8e$. When i]]fortI[ on the cost or value of an a85et is not awlable and cannot b¢ obtEined at a cost which is coum]¢nsuTzte with the benefits to users of the financial statgnTrts, the a55et shall not b¢ recols¢d tn the statement of 6nÈllcial position. li) ST(Ks Stocks Jr¢ estin]ated at the lower of cost and e5t[u selling price less costs to complete ad Sell. Costs iDcludes all costs of pur¢b85¢, ¢0sts of ¢onversioll and other costs incurred ill bringing the 5ttKk to its present location and eondition. ti) DEBTORS Debt0 are Te¢Ols¢d &tthe settlemt aolt less aDy diwunt orwtriclion OD recoverability. (k) CREDITORS AND PROV£SIONS CrediioT5 are recognised where the charity b&s a pre5cntobIigation resuliiDg from a past eventthat will Probably resu]t in the traosftr of fjmds ts) a third party w)d the due to settle the obligation can be mSured or estirnad reliabty. Cr¢ditors and provisions noTmally reeognised at their settlement date. (I) PENSIOIF Tbe company CODtribut¢5 to a defill cothlmlioD pension s¢heme for each ernployee accordiDg to its legal obligaÉiolls. Those assets are beld separately fr(mi the charity ID yndepelldently athnini5tered fund& There were no contnl)u¢io]]s outstathdiDg at the year en(L GRANfS ANT) DONATIONS. CURRENT YEAR Total Funds 2(125 UT)Testricted Restri¢led Iulld8 Funds Donations (including Gift Aid) Foyks Foundation 6,894 6.894 15.1M>O 15,000 6,894 15,000 21,894 4b. GRANTS AND DONATIONS. PRIOR YEAR Unrestricted Re5tiicted Total Funds Funds Fund5 2024 DoJ110ll5 (iDGluding Gift Aid) National Lottery Reach allt Norfolk City Counci] Tesw Bags of Help 4.020 4.020 49,966 800 3.000 49.966 800 3,000 I.¢N)o S.20 53.766 58.786
CAMBRIDGE MUSEUhd OF TECHNoUy PAGE 13 FINANCIAL STATEMTs FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TO fHB FtNANCIAL STATEMEbTS CHARITABLE ENCOME Totsl Total Unrestricted Unrestricted Fund5 Fund5 2025 2024 Admissions Commercial Partners, Fees Membership (including Gift A7d) Shop s&les Other income (including services ad ts?) 36,096 68.422 830 2,816 9.660 34.922 74,904 124 5.076 7,598 117,824 120,624 rNVESTMEwf INCOME UT]restricted Unrestricted Funds FuTrd8 2025 2024 Bth Intere receivable .273 342 EXPENDITURE ON CHAIUTABIE AcrivtTIES BY FUND TYPE . CURKENT YEAR Total Funds 2025 Uurestricted Restricted FuDds Funds Salari& Site Tnaintenance Utiliti25 Raies Coke and gas Insurance Lcgal a¢¢oting Enweer's house rent Mi5¢ellan¢ous Depreciatio Loan interest 28,866 3,048 9,391 795 719 10,120 6.389 15,667 5,536 6,846 4,)5 29J32 58,198 3,048 9.391 795 719 10,120 6,389 15,667 5,536 34,908 4,905 28,062 92,282 57,394 149,676
CAMBRIDGE MUSELM OF TECHNOLCQY PAGE 14 FINANCIAL STATEMEbrtS FOR THE YEAR ENDED 31ST MARCH 21Y25 NOTES TO THE FINANCIAL STATEMEN13 7b. EXPENDITURE ON CHARITABLE AcfIviTFES BY FUND TYPE . PRiOR YEAR Total Unrestricted Restri¢t¢d Funds Funds 2024 Salari¢s Site maintenanre Utilitie5 Rates Cok¢ and gas CollelOn mallagement Insurance Leg&] alld accounting Engine¢S house Miscella0 Depreciation Loall illtere5t 31,702 2,233 14,979 421 165 28 9.499 13.761 15.667 4.383 6,5Y2 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 2&392 105,642 33,407 139,049 ExPENlTURE ON RSING FUNDS BY FUND TYPE Totsl Ut)restricted Restricted Funds Funds Fwids 2025 2024 2024 Total Funds 2024 Fimd5 2025 Funds 2025 Advertising and markeling Events expeDse5 3,031 2,333 3.031 2,333 3,088 645 3,148 645 5.364 5,364 3,733 3,793 NET fNCOMfNG RF.SOLRCF.S This 15 Sta¢ed aft£r chaTgsng'. Depreciation of tangible fixed a&%ets Fees payable for the examination of the financial statements 2025 2024 34,908 1.560 34,984 1.452 TANGIBLE FIXED ASSETS . CURRENT YEAR COST At 1st ApriI 2024 Additions Fixtiues & Fittings Fi¢ehold Propety Totsl 20.894 1,666,203 1.327 10.215 1,687.097 11.542 At 31st March 2025 22321 1.676,418 1.698.639 DEPRECIATION At 1st April 2024 Charge tor the y At 31st March 2025 13.838 1.522 132,171 33,386 165,557 146,009 34,908 180,917 15.360 NET BOOK VALUE Ai 31st March 2025 6.861 1,510,861 1,517,722 Th¢r¢ 15 a cbarge on th¢ pro[ ID favour of th¢ National LA>ttery H¢ritage Fund.
CAMBRll)GE MUSEUM OF TECHNoUy PAGE 15 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENFS lob. TANGIBLE FIXED ASSETS . PRIOR YEAR COST At 1st April 2023 Additions Fixtures & Fittings Freehold Propety Total 20.474 420 1,654,465 11,738 ,666203 1,674,9J9 12,158 At 3 1st March 2024 20.894 1,687,097 DEPRECtATION At 1st April 2023 Charge for the y¢ar At 31st March 2024 12,073 1.765 98.952 33,219 111,025 34,984 13,838 132.171 146,009 NET BOOK VALUE At 31StMah 2024 7,056 1,534,032 1,.541,088 DEBTORS 2025 2024 Debior5 Prepayments 13,499 2.389 l5,888 10,564 2,648 13,212 12. CREDITORS: AMOUKfS FALLING DUE wrrHIN ONE YEAR 2025 2024 Creditors L(Ydns Accrua]s aDd deferred it)come Otber creditors 4.313 59,500 1,680 1.423 1,971 58.000 1,615 598 66.916 62,184 13. CREDITORS.. KMOUNTS FALLENG DUE AFfER MORE THAli ONE YEAR 2025 2024 37,022 60.401 The c]wiry has a loatÈ with the Architr Heritage Fund of £IOO.000. The amount outstAnding lg of the end of tb2 FY £55,022. AHF had agreed a reCed monthly repayment (l¢b in¢ludes capitsl as well as inreStp7llents) until at least ApTiI 2025, with payments exlenthng until the loan 15 repaid, wt¢ntiJlly up to 2030.
CAMBRIDGE kIUSEUM OF TECHNOLOGY PAGE 16 FINANCJAL STATEMEKfs FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS STATEMENT OF FUNDS . CURRENT YEAR. 2025 Brought forw7rd caled Income Exp¢nditwe forw Unrestricted fvnd5 General fijnds 46.615 125.991 (97,646) 74,960 R&%trietsd funds - National Lottcry Heritage Fund - National Lottery Heritage Futtd - Pye History Tnt Rea¢h - HistOTiC England H¢Titsge S¢hool - Education Services - Foyle5 Foulldatiim 1.161.698 49,966 48.006 336 114.362 67,535 1,705 (232771 (27,998) (962) (67) (2,291) (1,353) 1,138,421 21,968 47.044 269 112,071 66.182 1,705 13.554 15,000 (1.4461 (57,394) (155,040) 1,443.608 15,000 1.401,214 TOTAL FUNDS 1,490223 140.991 1,476,174 14b. STATEMEKT OF FUNDS - PRIOR YEAR- 2024 Brought Carried forward Inco]ne ExTJ¢ndItte UDr¢strteted funds General fid3 30,004 125.986 {109.375) 46,615 tridea fuTrds - National Lottery Heritsge Fuud . National l.ottery Heritsge Fund . Pye History Tn] - Re2cb - Historic England H¢ritage School - FAlucation Servi¢es . Share Mus¢u$ E&st .185.329 (23,6311 1,161,698 49,966 48,006 336 114.362 67.535 1,705 49.966 48,983 (977) (464) (2.326) (1,374) (1,695) (3.000) (33,467) 1.443,008 {142,842) 1,490223 800 116.688 68,WJ9 3,41M> 3.(M)O 1,423 J09 53,766 179,752 TOTAL FUNDS 1.453.313 National Lottery Heritage Pye History Tn Hist(ric Faalld and Heritsge School w¢r¢ all grants provided towanIs the eapitsl costs of r&storing the buildings of the Musewn. Reach Share NIu5euTns E&*t were grants formaintffl)ance and e]thling the Museum to wotk towards rwhing Wef Zero,. EdLKatioDal Services was a grani towards school visits erKI education. National Lottery Heritage Fund and Foyle Foundation ar¢ to Ix expended in the following years on supporting the Museum in tertns of volunteers, recruijmeni maintenance, digital and educational oppOrtlItieS and events.
CAMBRIDGE MUSEUM OF TECHNOLOGY PAGE 17 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FtNANC'IAL STATEMEKrs 15. ANALYSIS OF NET ASSETS BEtWEEN FUNDS Unrestricted Restricted Totsl FuDts UJ]re5tri¢ted Restricted Tot fun Funds Funds 2025 Funds FKmds Fixed assets 152.789 l J64,933 1.517.722 149,151 1,391.937 1.541,088 Net current liabilities Long tcrm liabAlities (40.807) {37.022) 74.960 36281 (4.526) (37,0221 1,476.174 (42.135) (60,401) 46,615 51,671 9,536 (6Q,401) 1,490,223 1.401214 1,443,608 10. TRUSTEE REMUNERATION AND RELATED PARTY TRANSAcfioNS Neitherthe T1<¢5 nor aDy persoD5 Con with them have received #ny remuneratiOD, either in the CUJT¢llty¢8r or tbe prior year. During tbe year total exrnses of £3,168 (2024: £1,095) were reimbursed kn I"nthes. DoDations totsllmg £Nil (2024.. £1(X)) were Tec¢ived fmm TnLStees. A loan wLq received in PTeViOUS years from M Bkn(kb a fornxr Tnistee. The a0[t outstanding at the end of tbe year was £40,000 (2024.. £40:000). 17. STAFF COSTS 2025 2024 Wages and SaIleS Social security costs PeDsion contributions Payroll sffviees 55.078 29,368 905 2.215 506 1,828 58,198 31,702 The Trustees consider theDJs¢lv¢s key are notTemuDerd. No eP10yce relveS a sa]ary of more thaD £60,000 annum. The aveTJge number of staff employed by the charity is 4 (2024.. 2). 18. STATEMENf OF CASH FLOWS Totrl F{ts 2025 Total 2024 CASH FLOWS FROM OPERATtNG ACTIVITIES N¢t 0veent for the reporting period (a5 W tbe SOFA) Adjustment for. Interest receivable Depreciation Decrease in creditors tncrease in deblors (14.049) 36,910 (1,273) 34,908 (18.647) {2,676) (1,737) (342) 34,984 (15.929) (7,0581 48,565 Net cash provided by OP¢Tating activitie5