THE STAINED GLASS MUSEUM 112JPII-111.¥ ) tc)p-irs i li flnis, li,(l.It di2{1 ccjloiii. ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2025 Detail. Kehinde Wiley, Suini AdL,luidc (20141, EL Ytifvl.. ?072.1 THE STAINED GLASS MUSEUM South Trlforium, Ely Cathedral, Elyi Cambridgeshire. CB7 4DL Registered Charity No. 1169842 Arts Council Accredited Museum No. 574 Company No. CE008353
CHARITY INFORMATION The Stained Glass Museum Registered Charty No. 1169842 Arts Council Accredited Museum No. 574 Registered Office.. The Stained Glass Museum, Ely Cathedral, Ety. CambridgeshirB, CB7 4DL PATRON HM King Charles111 TRUSTEES Mark Hosea (Chairman) Prof Sarah Brown MA FSA (resigned November 2025) Lara Clements Lloyd De Beer Suzanne Galloway MA Tom Gannage-stewart (appointed January 2025) Malcolm Letth Adrian Murphy Michael Sheppard Pippa Wainwright {appoint&J November 2025) Dr Jeffrey West FSA (Chainnan) DIRECTOR & CURATOR Dr Jasmine Allen CONSERVATION ADVISER Professor Sarah Brown MA FSA (up to November 2025) Sarah Jarron ACR (from December 2025 BANKERS Barclays Bank PIC 28 High Street Ely Cambridgeshire CB7 4LA CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ INDEPENDENT EXAMINER Nigel Prentis FCA Prentis & Co LLP 115c Milton Road Cambridge CB4 1XE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 The Trustees of the Stained Glass Museum present their rewrt and financial statem8nls for the year ended 31 October 2025. The financial statements have been prepared in accordance with the Statement of Recommended Practice for Accounting and Reporting by Charibes and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. HISTORY The Stained Glass Museum was founded in 1972 and first constituted undor a Trust Deed dated 11 October 1977. The Stained Glass Museum opened to the public in Ely Cathedral in 1979 and is presently located in the south lriforium of Ely Cathedral under a formal Licence to Occupy r8n8wed in May 2025 with th& Dean and Chapter. Following a govemance review in 2016, Trustees deded that a Charitable Incorporated Organisation (CIO) with the same name and charitsble obieciives should be established as Ihe successor organisation to the Trust. With the approval of th8 Charity Commission. assets were transfeThed from the prede¢ess(y entity a Charitable Trust {The Stained Glass Museum Trust.. r8gist8red charity no. 2747761 to the CIO (The Stained Glass Museum: registered charity no. 1169842). Since l NDvember 2018. The Stained Glass Museum has been govemed by the CIO. OBJEcllvES OF THE CHARrrY The Stained Glass Museum CIO (charity no. 1169842) was estsblished with a constitution dated 30 September 2016. The objects i)f the charity remain the same as the previous charity- the education of th8 public in the history and appre(aation of Stained Glass by the following means.. {al To provide, maintain and develop a museum (hereinafter called 'a Museum") to benefit and educate the public in the history and appreciation of stained glass and house all the items hereinafter mentioned in such Pla or places as the Trustees from time to time may delemiin8 for the education, appreciation and enjoyment of all-. Ibl To form by purchase or as gifts or loans a representative collection of fine stained glass panels and windows of all periods from churches. as well as other religious and secLJlar buildings in Great Britain, as well as from other appropriale sources both within and beyond Europe as the Trustees may delermine., Icl To form by purchase or as gifts or loans a representstwe collecbon of designs, cartoons, tools and other material relating lo the history and design and manufacture of British and other stained glass of all periods., Id) To develop, safeguard and enhance the Museum's collection for ihe benefrt of future generations,. le) To interpret the collection to a variety of audiences in diverse ways and to raise awareness of stained glass as an important part of Britain's culbjral and artistic heritage. as both a historic and contemporary art form., lfj To provide a learning prTr3ramme for all ages, including educational visits for SchIs, events, talks and workshops lo further engage with and educate the public.. {gl To offset running costs of the Museum by generating incom8 from admissions. retail, events and other activities where appropriate- {h) When it is deemed appropriate by Trustees. to act as a repository for stained glass removed from redundant churches, chapels and other buildings in Great Britain in order to retain such glass for study and display or lo arrange for its transfer to other museums. churches chapels and other buildings by way of loan or gift for charitable purposes as the Trustees may trom time to time deterrnine. VISION . The national centre for enjoying and understanding slained glass through storytelling, creativity and research. MISSION - To share the cultural and ariistic importance of stained glass.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 GOVERNANCE The Charity is controlled by Trustees selected for their knowledge of stained glass, museum and heritage sector, management, finance and other appropriate subjects. The Trustees who have served during the year and since the year end are set out on page 1. New Trustees are appointed with the specific needs of the CIO in mind at the lime of the vacancy, in terms of skills, expertise, experience alld knowledge of the relevant field of activity and advice which the Trustees need. New Trustee induction involves the provision of a copy of the governing documents, objectives and policies of the charity, minutes of prior meetings and a formal tour of the museum. Upon appointment, new Trustees are inducted by the Chairman and the Director. Existing IrLJStees are provided with training as and when required; this is provided both internally by fellow trustees and where appropriate by outside sources. The Trustees meet a minimum of four times a year lo review policy and progress with the museum Director. The museum also has an advisory Acquisition and Disposal Sub-committee of appointed persons including selected Trustees. A risk review is carried out by the Trustees in conjunction with the Director annually, and appropriate steps are taken to mitigate risk. The Trustees are aware of the Charity Commission's guidance on public benefit and the requirements of the Charities Act 2006, including the requirement to report on public benefit. The Museum and library are available to the public at1arge, as are the museum's activities, events, workshops and educational courses organised regularly by the Museum. Dr Jeffrey West remained Chair of the Board of Trustees during 2024-25. Following recruitment. shortlisting and informal interviews, new Trustee Tom Gannagé-stewart joined the Board in January 2025, bringing expertise in corporate fundraising and development. Collections Committee Trustees benefilted throughout the year from the advice of several specialist rnembers of the Collections Committee who act as advisors. The Board would like lo express ils thanks to Prof. Tim Ayers (History of Art Department, University of York), Dr Michaela Zoschg (Curator of Medieval Art & Design, V&A Museum) and Dr Martin Crampin (Research Fellow, UWTSD). Staff team In October 2025 Ho Huang completed her part-time fixed-term contract as Digital Producer, a role generously funded by the Headley Trust. Autumn also Saw the retirement of Malcolm Mitchell, Office & Finance Manager, after almost twenty years, overseeing the day-lo-day financial records and bookkeeping, as well as the IT infrastructure and many unique odd jobs. His financial role has been taken on by successor Melanie Brown, who brings a wealth of experience from the private education and charitable sector. Strategic Plans Relocation The Board remain committed to exploring options for relocating the museum. Towards the end of the year, the museum prepared a joint funding bid for a grant from the new combined mayoral authority for York and North Yorkshire in partnership with The Stained Glass Trust, York, and Barley Studios. The team were awarded a Business Innovation Fund grant in the autumn and began work on project to investigate the feasibility of developing York.. City of Stained Glass. The SGM is a key partner, and this is an opportunity to consider relocation, to consolidate excellence, develop partnerships and promote growth in the city.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 FINANCES The Museum does not receive any core govemment or local council funding. The museum's income is predominantly funded by visitor admission charges and Shop Sales. supplemented by fundraising events and activities and grants from trusts and faundations. Flnancial Overview Finances for the year ending 31 OctoLpr 2025 are set out on page 12 of the accounts. Total income in 2024-25 (excluding specifi'c grants in restricted income) was £259,991 (2023-24.. £246,931). Unr88tricted expenditure stood at £282,511 (202&24'. £283,621). This resulted in an overall deficit of £21,049, which was a lower-than-expected defi'at, largely due to incwsed incom6 from retail and admissions as well as grant5 and donations. A £7.000 bequest was re¢èiv8d from the estate of Joan Nicholls in January 2025. We incurred unrealised gains on investments of£721 this year vthich means our unreslTiCted lunds now stand al £389,142. Collections Fund A policy forthe rnuseum's Collections Fund. established in 202410 care for, maintain and develop the museum's collections, YS developed by the Board and an appeal video was made to encourage donations to the fund As the only furKI allocated to the museum's collection it is essential for its future development and preservation. Every gift to the endowment makes a dired contribution to our specialist stained glass collections. helping to grow. care for and interpret these objects for audiences now and in the future. Salarles The Trustees have a Staff Pay Policy and undertake a revmv of staff salaries annually, considering levels of national inflation, the living wage, salary levels of similar roles both locally and nationally, and individual perfomiance. The Stained Glass Museum is an accredited living wage employer. Reserves Policy It is the policy of Trustees to maintain sufficient funds to cover a full 12-month (minimum) period of total organisational operating costs based on the unrestricted expenditure for the next budget year (see note 1.1 on page 16). Rlsk Management The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that regular checks: syslems and policies are in place to ensure that nesSary steps are taken to redu these risks. The Risk Management Policy and risk assessments are revievd annually. Investrnent Policy The principal finanGial risk faced by the museum lies wedominantly in the perfomiance of investments. Trustees manage these investment risks by operating an investment policy that provides for a high diversification of holdings within investrnent asset classes that are quoted on recognised stock exthanges. Trustees continue to monitor the Ferformance of investments in line with their investrnent policy (See note 1.rn on page 16). ACTIVITIES Fulty accredited with Ihe Arts Council (no. 574) The Stained Glass Museum is an independent museum and registered Gharity Ino. 1169842). It is the only museum of stained glass in the UK. As well as caring for and interpreting an irrtemationally signtficant collection of stained glass the museum runs an associated programme of events to foster learning and engagement with the art of stained glass for a wide variety of audiences. Visltor Engagement
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 We welcomed a total of21,801 visitors tothe Stained Glass Museum during 2024-25, ofwhich 13,358 were paying visitors and 1,990 were children. 3.063 people attended an event or workshop, and 796 school children visited on a school wsit. Repeat visits from Fri8nds of tho museum or Art Fund members accounted for a fvrther 921 visrts. Overall visitor nUmrS were slightly up on the previous year, however a grgater portion of these were repeat visits. In January the museum's standard admission price increased to £6.50 for adults, and a new combined cr05s-attraction ticketing venture Ely Passport was introduced in conjunth'on with Ely Cathedral, Ely Museum and Oliver Cromwell's House. The Stained Glass Museum's leaming and engagement leam parti(ipated in several local community and outreach events, providing fr&8 to acc8ss leaming and engagement opportunities within the local community. We welcomed 447 people to thé museum for free during Heritage Open Wgekend in September. The museum also partiopaled in a Meet the Makers event at Two Temple Place in London, att8Nd8d by morg than 1,000 people. EDUCATION & OUTREACH The museum's trustees and staff team are hugely grateful lo our team of dedicated volunteers for supporting our leaming provision. A small grant from Ely Cty Council was awarded to facilitate our fomial and leaming opportunities at the museum, particularty to support our fr80 drO1n sessions and provision for SEN. Schools and Fomial Learnlng Our Learning Officer had a busy year, and our sthools programme engaged with 796 pupi18 on 26 school visits. As an accredited Arts Award provider. we delivered Arts Award sessions, as well as learning visiis which explore history. introductnS to the illuminating art of siained glass, world religions, the science of light and colour. representation in tK)rtraiture. power and pride. As a sm811 museum we are pleased to work hard to make our learning visits accessible for people with diverse need8. During the year C1r Leamillg Officer worked closely with teachers from schools lo devise tailored visits for chIren who have difficulty accessing mainstream education. We also devised a leaming session for Growth Activities in Chesterfield, Derbyshire, 8 group that supports members wilh their mental health. organising lrips and aciivities that promole friendship, community and wellbeing. A new group 'llluminated"' was established for hOmedUCated chiklren who completed their Arts Award over 6 weeks, developing both their art, cornmunication and Sla1 skills along the way. The museum's learning team were also busy wtth outreach offstte, participating in RAF Lakenheath's UK Day, engaging with over 120 rh grade students over Ihe course of the day, as well as delivering sessions for local Wl groups and care home residents with dementia. Families A further 998 children engaged with the museum during Ihe school holidays during our family workshops, holiday drop-ins, and monthly SGMinis sessions for under 5s. These sessiorns provided a range of activities for varwr)g prices. wth some free drop-ins. Engagement with drop-ins was significantly higher than previous years showing the importance of the museum's family learning sessions for the local community. Glass Workshops The Board of Trustees wsh to thank our specialist glass workshop tutors Tr8cey Chamberlain, James Gockerill, Claire Hart, Louise Haselgrove, Derek Hunt ACR. and Katie Lynn for sharing their expertise and teaching workshops at the mus6um during the year. 172 adults developed their creative glass skills on one of the museum's workshops in painting on glass. leading and glazing, copper foiling, glass fusing and s(¥eenprinting on glass.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 OUTREACH Talks & Tours The museurn's 2025 annual Study Tour took placA in Leicestershire in April and was fully boLed wtth 46 delegates. Highlights included seeing the rare survival of medval stained glass scheme in stanlord-on-Avon parish church, a variety of work by stained glass artists working under the influence of the Arts and Crafts movement, induding Christopher Imiall, Veronica Whall. Theodore Salusbury and Edward Woore: as well as contemporary works by Derek Hunt and Tom Denny. Thanks to the generosity of museum Friends we were able to host two student plas. Two series of online talks were held in the year bmth a combined audience of 220, We enjoyed programmes of online lectures, one in the spring and one in the autumn. Our 2025 spring series of talks followed a screening of the award-winning docxjmentary 'Holy Frit., documenting glass art15t Tim Carey and studio manager David Judson of Judson Studios, race against time to complete a stained glass Commission using a technique that had never been attempted on this scale before. Another was led by artist Surinder Warboys and focused on her works created for the 'Whispers of Nature, exhibition. In Ihe autumn, three talks focused on different women artists working in stained glass in th8 19 and 2 centuries, shining a light on these unéer-researched figures. The series commenced th a talk on pioneering artist and businesswoman Mary Lowndes by Sarah Sexton and the museum's Curator Dr Jasmine Allen. followed by a talk on Joan Fulleylove by Dr Caroline Barron and finally Dr Joseph McBrinn discussed 'Abstraction and Empathy.. The Life and Art of Evie Hone,. COLLECTIONS & DISSEMINATION New Acqulsltlons The year saw several new acquisibons. mostly to the museum's archival and works on paper collections. The Board of Trustees remain grateful to the Director and Collections Committee ft)r their expertise and proactive sustained approac to enhancing the museurn's colleclions. Amongst the new objects that errtered the museum's collection during the year were a small collection of preparatory designs from the studio of Goddard & Gibbs gifted by Charles Hind., four porcelain lithophanes made by the 19th century German company PlauesGhe Porzellanmanufadur (PPM) of Berlin, purchased from the colteGtion of the late George Wi9Y. a small co118Ction of historical items relating lo John Richard claOn (1827-1913), founding mernber of Clayton & Bell, gifted by Dr Dennis Lanigan., a collection of documents and designs from the collection of Simon Rat¢liffe, gla55 painter and restorer at Goddard and Gibbs Sludios (gifted by Sarah Ratdiffe), and seven cartoon5 for stsined glass windows by Arthur Anselm Orr (1868-1949), gffted by David Holdan. collecOnS Care Funding was sought for a conservation project to adapt museum cases to reduce the impad of bals in the museum gallery and to undertake conseNatson work on Ihe museum's collections in Ihe coming year. student Placements We established a new partnership wtth Y¢xk Art History Collaborations IYAHCSI at the History of Art Department, Universty of York, and advertised both a BA Curatorial and MA Intem5hip opportunity for students which we hope to have on plament in 2026. Access to Collection3 Our Deputy Curator worked dosely WTth our Digital PrOdur to ueate a series of video shorts for social media which explain stained glass terms such as Grisaille, Trary & Quary in an accessible, engaging and interesting way. as well as traditional stained glass techniques including method8 of painting, staining, glass cutting. and leading. These short videos have been well received by a wide audience, increasing our digital engagement whilst also sharing our collections online in new ways. Physical access to stored collections was made possible for several visiting groups via prior aangeMent. The museum continu8S to provide a high-qualrty free enquiry Servi and responds to
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 202S around 300 enquiries from members of the public and wder architectural and h8ritag8 sector per year. Donations for this Service are encouraged but rarely received. Loans to Exhlbltlons Th8 Stain8d Glass Museum was delighted to lend Works from its lleCtIOn to Mo intarnational exhibitions at prestigious venues during the year. Mary Lowndes. Th8 Finding of the Saviour wir)dow travelled a¢X05S the Atlantic to b8 displayed as part of the 'A Room of Her Own.. Women Artist- Activists in Britain. 187fv1945' exhibition at the Clark Art Institute. Willkqmslown, Massachusetts, USA. The exhibition was curated by Aexis Goodin and ran 14 June- 14 September 2025 in which time it was visiled by 34,932 people. A stained glass panel by Evie Hone. known as 'Christ meeting his mother,, was displayed al the National Gallery of Ireland. Dublin, 88 part of a major retrospeclive on Irish arbsls 'Mainie JellettlEvie Hone.. The Art of Friendship,, l April - 10 August 2025. In its four-monlh duration the exhibition received 28,402 visitors. Publications & Research The museum's Director and Curator Dr Jasmine Alen published an article 'ln search of artistic freedom- British stairned glass in the nineteenth ntUry, in Stained Glass Revivals, the prOedingS of the Ecdesiological Societls 2023 conference (EcclesicAogical Society, July 2025). She also contributed to the developmenl of a coffee table book Dwine knght.. The Stained Glass of England's Cathedrals {PLAblished by Kulturalis. October 2025) featuring stained glass from every Church of England Cathedral, edited by Janel Gough. The museum's DepLrty Curator Emily [en wrote an article on Irailblazing women stained glass artists, for onlin6 magazine Europeana which was published for International Women's Day in March 2025. ConfeTences The Museum's Director presented research papers al severgl conferences both within the UK and further afield during the year. including at the 'Whal Light Through Yonder Window Br8aks?¥: The Window as Protagonist in British Architecture and Visual Culture,, event held at the Paul Mellon Centre in London, 22-23 November 2024. and a conference entrtled 'Collecting the Art of Light,, in Geneva, Switzerfand, 7-8 March 2025. In September she travelled to the USA to speak at a symposium al the Clark Art Institute lo accompany the A Room of Her Own.. Women Artist-Activists in Britain, 787&1g45 exhibition. Her research paper entitled "Making space for women:" Mary Lowndes, pioneering stained glass artisl arKI 5ufftagist' presented new research on Lowndes and her importance in paving the way for women artists workirbg in stained glass. The same month sh8 also travelled to Munst8r. Germany. to participate in an event 'Modem Stain8d Glass.Metadala.Al' where she spoke aboLJt the physical Ihr8ats to stained glass in the UK and the wCk of recording stained glass in databases in the British IS8. SUPPORTERS TrLJStees of The Stained Glass Museum would like to thank the following individual benefactors and funding bodies for their support during 2024-2025= Donors and Benefactors David and Karen Park David Ball Diana Courtney James Lovely Malcolm Leith Oliver Kerr The estate of Joan Nicholls Friends ofThe Stained Glass Museum Local govemment-funded organ18ations City of Ely Council Museums Development South East IMDSE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 Trusts and Foundatlons The Glaziers, Trust The Headley Trust The Loppylugs and Barbara Morrison Charitab18 Trust The R.E. Chadwick Charit8ble Trust The Wyss Foundation Lenders, Partners The Wictoria and Albert Museum (V&AI, London Th8 Royal Collection Friends of Friendless Churches
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true ar)d fair view of the Charity's financial activit185 during the year and of its financial positson at the end of the year. In preparing flnanclal slalements giving a true and fair view, the Trustees should lollow best practice and selecl suitable accounling policies and apply them consistently; observe the methods arKI principles in the appliLxble charibes SORP., mak6 judg8tnents and estimates that are reasonable and prud8nt,' stste whether applicable accounting standards and statements of recommended practi have been followed, subject to any departures disdosed and explained in the financial slatemenls,. prepare the financial statements on the going conrn basis unless il is inappropriate to assume that the charity will be able to continue to meet its objectives. The Trustee5 are responsible for keeping accounting records which disclose with reasonable accuracy th8 financial position of the Charity and which enable ihem to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charitigs Act 2011 and regulations made Ihereunder. The Truslees are also responsible for safeguarding the assets of the charity and hence for tsking reasonable stops for the prevention of fraud and other irregularities. The Trustees, report was approved on by and signed on behalf of the Board of Trustees Mark Hosea Ch8irmaN of Trustees 10
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 2026 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF THE STAINED GLASS MUSEUM Independont Examinerfs Report to the Tnte0S of The Stained Glass Museum I report on the accounts of the Charity for the year ended 31 October 2025 which are set out on pages 12 to21. R6sponsibilities and basis of report As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (e ACY). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent Examinetrs Statemen* Since the Charity's gross income exSed £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the lisled bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examinab'on giving me Gause to believe: accounting records were not kept in respect of the Charity as required by section 130 of Ihe 2006 Act., or the accounts do not accord with those records,. or the accounts do nol comply with the accounting requirements ConrnIng the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 I have no COnrnS 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 understsnding of the accounts to be reached. Nigel A Prentis FCA For and on behalf ot. Prentis & Co LLP Chartered Accountants and Independent Examiners 115c Milton Road Cambridge CB4 1XE Date.. 14 MAY 2026
(Qr r ¢D JV4 E il J Iii, O UJ L• 11 X 05£ LU(C U
BALANCE SHEEf AT 31 OCTOBER 2025 2•25 2024 Flxed Ass4ts TaTrJibb fixed assets Heritayo assgts 486,011 483,031 Investrnts 135,865 134.944 Total Flxed A¥80ts 621,676 617,97S Current Pasèls Strk 13,752 15,584 18,776 12,462 Short4ami deFo31 77270 89,871 Cash at bank and In h8rMI 172,675 211,135 Totsl Currènt A8s0ts 282,473 309,052 Currert LlabllttlBS Crnditors: Amounts f811ing due ilhin one year 26,763 21,384 Nat Cumt Assots 255.71a 287.688 N•t A9Jots 877,3B6 90S,663 Th¢ Fund$ of thp Charty Unroslrtcted incm funds 10 ,785 340.191 De8lgnated Fd $4,357 70,000 Restrie in¢cme fvnds 488,244 495,472 877,386 905,663 Apwoved by the Board of Trusteas tjn and signed on ils behalf ty. Mark Hosea Chairman of Trust8eS The notéson pages 15 to 21 fcmi ptofth&s8 actwnts 13
STATEMENT OF CASHFLOW 31 OCTOBER2025 2025 2024 Notes Cash flows from op•rating actlvltles: Cash provided by (used inl Operating activeS 13 138.2681 {15,678 Cash flow from Inv•stlng activities: Investm8nt income 10.187 12.98C)I 11,151 156,3701 Donatedlpurchased heritage assets Cash Provided By IU$od In) Inve5tlng Activities 7,207 145.2191 Chang¢ In cash and cash equlval•nts In the year Cash and Cash Equlvalents brought forward Totsl cash and cash equivalents carrled forward 131.061} 160,8971 281,006 249.945 341,903 281,006 14
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 1. Accountlng Pollcles In pr8paring the acwun18 the follng a¢counllng pollaes have been complied wilh.. la) 8asis of preparatEon The financial sta19ments have been pr8pared in accordance with Accounting and R8POrting by Charities.. Statement of RecommerKlod Practice applicable lo charities preparing Ihetr accounts in accordance with the Financial Reporung Standard appIlbI6 in the UK and Republic of Ireland IFRS 1021 lefleclive 1 January 20191- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK arml Republic of Ireignd IFRS 102) and the Companiès Act 2006. The Stained Class Museum meets the definition of a publ b&n8fit enlty under FRS 102. Assets and liabllities ar8 Inktially recognised at hislorical cosl or transaction value unless otharwise stated In th8 r81evant a¢Gounling pollcy notels}- The pr8s8ntstion currency of the financial statements is Ihe Pound Steding 1£). {bl Fixed asset investments Investments are slated al market value as al the balan sheet date. The statement offinancial activities includes the net gains and losses arising on revaluation and disposals throughout the year. (c) Irrecov8rable VAT Irrecover3ble VAT is charged against the category of resources expended for which it was incurred. {dl Fund structure ResldGled funds are funds which ar@ to used in aco)rd8nce wilh specific reslridons Imposed by the donor or trust deed. Unresbicled fuThJs comwse furKls which the Irust89s are fre& to use for any purpose in furtheran of thg charit8ble objects. Unrestricted funds include designated funds which, the Trus168s, at their discretion: have created for a specific purpose. Further details on the reslricled nds are disclosed in note 10. (01 Incom8 All income is recognised once the charity has enttuemenl to the rasources, it is certain that the resources will be recewed 8nd the rTY)netary value of incoming resources can be measured with Sufflent raliability. Income reved in advance of the relev8nl perlod is Made available for us8 on¢¢ tha Museum is entilled to it. {t) Gllts In klnd and Itgacles Gifts and legacies are recognise(J where and when tsre is an entiuemenl lo them. Donated goThYs are reGogni58d in different ways depending on how they are to be used by the charity.. Those donated for onward transmission to beneficiaries are included in the stslement of financial aclivities as incorning resources and resourGes expended when they are disthbuted. They are valu8d al ts amtyjnt the charty would have to pay to acquire them. Assets which are to be retained by ihe charity are recognised as income based on an estimate lor the value of the asset Ilthe asset is to be retained indefinitely il may form part ol the endowment fund. (gl Tangiblo assots Deprgriation is provided lo write off the cost of fix6d assets overtheir useftjl Iiv6s by annu81 in8tslmenls. On assets purchasd prK)r to 31 October 2012 this was calculated at the rale of 250 Dn reducing balances. On assets purchased after this date, th8 rat8 is 25% per annum on the Driglnal purchase priBe. This is wtth the excepti of th8 new LED displays in the gallery,. these have been depreciated over their usefvl lrfe of around 10 year5, approximately 30,OtKJ hours. Ihl Heritage assets The Museum has three collections of heritage assets whith are held in support of the Museum's primary objective of increasing knowledge. underst8nding and appreciation ol stained glass. The Gollections, (x)mprising stained glass, cartoons. and other associated assets, are accounted for as follows=
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 Heritage assets acquired before 1 November 2005 have nol been capitalised beuSe the cost of doing so would irtweIgh the benefits. Depraciation is provlde(l in reS[tt i)f h&rttag8 8ssots lo the residual valua of the asset. The residual value is determined by the valuation of the asset by the curator or other external expert. Acquisitions are made by purchase or donation. Purchases are r8corded at cost. Donat1ons are recorded at the currerTt value asc&rtain8d by the MUsjm,S curator with reference, wher6 possible, to others e.g. deale or writers on stained glass who are nsidred to have appropriate experience or knOwdge on the item being valued. Further detsils are shown in note 6. (l) Forolgn currency Mone18ry assets and liabililias denominated in forevJn currencies are translaled into sterling 81 ratès of exchange ruling al the balance shgel dale. Transactions in foreign wrrencies are translated Into sterting at the ral8 ruling on the dale of the transaction. U) Stock Stocks are valued at the lower of cost and net realisable value after making due allowancg for obsolete and slow-mowng stocks. Cost includes all direct costs arKI an appropriate proportion of fixed and variable overheads. (k} P•nslon The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. {1) R8s8rv•s Free reserves (unrestricted lundsl should total 12 months of totsl organlsallonal operating costs based on the unrestricted expenditure for the next bLvJget year. This should be rularlY r@vi@W8d to ensure that il megts the organisauon's ¢haroing needs and circumstances. At the present lime it Is the policy ofthe Trusl88S that unrestricted funds not committed or invested in tangible assets ('the free reserves'l should be.. Salary payments. induding Nl and Pensi contributions (12 months) £150,DOO Rent payments {12 months) £25,DOO Other Contrac81 obligations grealerthan six months Im) InvestThnts The trustees have adopted a low risk investsnent wlicy wtth the aim of oblaining maxirnum c8pitsI appreciation with mlnimal risk. Surplu9 funds are heid in various COIF Charifjes Funds and monllored on a regular basis. 16
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3q OCTOBER 2025 2. Income From Charftable Actmt Unrestrfcted Restrict8d Funds Funds Tolal 2025 Unrestrlctsd Rgstrictod Total Funds Funds 2024 Admissions Museum TrIng Education Activities 93,918 81,946 93,918 6,980 88,926 35,675 6980 218 519 81.944 86,064 33.696 201704 81,944 750 86,814 211.539 750 202.454 3. other Income Unrostrfcled Restrfcted Total Funds Funds 2025 Unrnstrlctod Reslrlct Funds Funds Total 2024 Swnsorships 285 285 285 285 674 674 674 674 Total Expendlture Unrwtrfcted Funds Salarles Restrlctsd Fund8 Salorles Sundry Totsl 2025 Charitable *ivities Salaries and wages Pension costs other stsff c>)sts 109,862 16,913 126,775 159,922 4,280 629 291.6C 148,826 11,096 314 629 110,491 152,792 11,410 1e,913 UnrnStrlcl Funds Salarlea Cxher Regtricted Funds Salaries Sundry T¢)ts12024 Charitable Act'vtties Salaries and Wages Pension Costs other staff costs 112,166 4,798 116,964 149,786 3,682 141,034 8,752 236 144,480 112.1E6 8,988 4,798 270,432 Analysls of Charltsble Aclmtles - Other Costs and Sun41ry Rostricted Funds Unrnstrfcted Rostrlctod Total Unrestricted Re8trlct•d 2025 2025 2025 2024 2024 Totsl 2024 Rent Office eXFenses Tra1 Electiiuty Mu%um trading Sundry repairs and Mairrtenan Insur8nc Bank wtht Cgid tharges SUbSp.0 Educalon ww8e8 Independent ex8minalion Trustèes travél 4XnseS Legal Fges 16.541 19.447 18.541 35.451 17,txx 24.712 17, 27,599 16.ry)4 2,887 1,911 8,708 8.708 37.684 418 9,353 816 28,865 1,569 418 5.449 5.449 3.584 1.204 15.133 2.772 1.323 1.204 15,133 1,486 17,628 2.544 498 400 17,V28 2,544 1.323 109.862 18.913 126,775 112.1 4,798 116, 17
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 Note.. Trustees are enkn.ed lo daim the lowesttrain fare for th8 travel or mileage costs at tho rat8 ol max. 45p per mlle, depending on how direct the joumey is from Iheir base to the m88ting venus. In practicè, not 811 of them make a claim, th8reby minimising costs. a) Tanglble Fixed Assets Audlo & Office Equipment Display Equlpmgnl Totsl Cost Balance ag at 1 November 2024 37,319 46,912 84,231 BalarKe as at 31 Oclober 2025 37.319 46.912 84,231 Depreclatlon BalarKe as at 1 November 2024 37.319 46.912 84.231 Balanc8 as al 31 Octobgr 2025 37,319 46.912 Net book valu8 al 31 October 2025 Tanglblo Fixèd Assèts - 2024 Library Books Audio & Offic• Equipment Display Equlpmont Total Co$1 B8lance 88 at 1 Novembar 2023 AdonS Disposals Transfer lo Heritage Assets Balance as at 31 Octob&r 2024 11.699 37,319 46,912 95.930 11.699 11,699 84,231 37,319 ,912 Depreciation Balancg as at 1 Nov8mt*r 2023 Charge for the year Eliminated on dispDsal Balanc& as at 31 October 2024 37,319 46,912 84,231 37.319 46,912 84,231 Nel book value at 31 October 2024 a) Herltage Assets - 2025 stained Glass Library Books oth6r A55ets Cartoons Total C05t 'Al 1 Novefflber 2024 Additions Transfer Disposals Al 31 October 2025 437,332 300 14,900 11,699 19,100 2.130 483,031 2,980 437,632 15.450 11.699 21,230 486,011 The costs abovg reprgsgnl items acqUid since 1 NOveMr 2005. In addition, the Museum holds a further 56 pieces of glass and 129 cartoons in its collection which were not previously capitalised. Items held on loan are nol included wilhin fixed assets. During th& year the Museum receTved preedS of £Nil (2024 - £Nil) from th8 sale of H8rit8ga Assèts which had not previously been cakxtalised.
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 bl Herltagè Ass8t$ - 2024 Stained Gla55 Library Books other Assets Cartoons Total Cost At 1 NDvemb8r2023 Addk0n$ Transfer Disposals At 31 October 2024 402,962 34.370 10,400 4.500 1.600 17,5C(J 414,962 56.370 11,699 11,699 437,332 14,9(M) 11.699 19,100 483,031 7. Investments 2025 2024 Market value of investments at 1 Nov8rnb8r 2024 Addhlons Dispos15 Nat re81i88d knsrye8 Net unrealised IrPstMent gainsllbJs5e51 134,944 124.533 721 Market value al 31 October 2025 135665 C081 at start ol valuation 31 Cktober2025 121,199 121,199 Dèbto 2025 2024 Prepayrn8nts Debtors 6,795 11.981 18,77 3,030 9,432 12,462 Cr•ditors 2025 2024 Amounts Fallirtg Du8 Wthin One Year Trade Creditors Indynd8nt 8xarnin8r fe8 Pension accrual staff salades, tsx and Nl and pension Credlt Card- Company 8ardaycard Telephon Delerred income Accrued exp8n58S 57 2,600 789 13,689 1,629 120 2,500 2,731 831 13.940 2.393 120 4.045 2,703 26,783 21,364 10. al Funds- 2025 Balance at 1 November 2024 In¢omln9 Fund5 R•SOur Transfers Outgoing Gain51 Lo$89$ Balance at 31 October 2025 Restricleil Funds Headley Trust Sundry restricte¢ Heritage assets 12,441 10,(N)O 9,145 2,700 121,4111 16.9121 11.0301 2.233 486,011 483,031 Unr•strictod funds 340.191 257,541 1274,9581 11.290 721 334,785 Colkntions Fund 70,0 2.450 54,357 905,663 281,836 1310.8S4} 721 877,386 19
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 bl Funds- 2024 BaJan¢e at Incomiry Resource8 Tran•tern 1 NoTrfember Fund8 I14 2023 Goln•l Balan¢e at L088es 31 October 2024 Regtrictsd Funds Headley Trust Sundry reslriokny Appeals H&ritage assets 10,735 (8,238) (5.548) 12,441 19,547 414. 119.54n 29.7r 483,031 Unrn*trl¢tsd furtd8 376.2 248,931 1283.621) (10.162) 10.411 340,191 CelltIOnS Fund 70,1 70,0) 891, 301,574 1297,40n 10.411 905,e63 Heritage assets fvnds include the museum's accessioned Colltion. The Headley Trusl Fund has fvnded the 2-year part-time post of Digital Producer ané a gallery riSplaY project. The funding has now ¢onctuded and has been fully uts'lised The Collections Fund was established in order to make an ongoing commitment and provision lo develop and care for the existing collectson and lo funéraise for any new acquisitions, re-display and conseNation wor 11. al Analysls of Not A8s0ts botwoen Funds - 2025 Flx•d Assets H•rltago Inv8stment9 Not Current Agsels Assets Total Restricted Funds Sundry Restsithd Herftage assets 2,233 2,233 486,011 486,011 Unre8trlcted Fund8 135.665 253,477 389,142 486.011 135,665 255,710 877.386 bl Analysls of Nel Asgots bfjtwoon Funds- 2024 Flxed Herllage Investments Net Current Assets Total Restrictsd Funds Appeal Funds Hèdley Trust Hefitsgo assets 12,441 12,441 483,031 483.031 Unrestrlctsd Funds 134,944 275.247 410,191 483.031 134,944 287,688 905,663 20
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025 12. Pènslons The charity operates a defined contdbullons pslon scheme. Th8 assets of th8 sGh8me am held separately from those of the ¢harrty in an Independently administered fund. The pension Cost chargo represenls contributions payable by the charity to the fvnd and amountod to £4,28012024- £3,682), Contributions totalling £831 12024 £7891 were payable to the fund at the balance sheet dalè. 13. Recon¢lllalSon of net movement In fijnds to net Cash flowfrom operating activities 2025 2024 N8t movernent in Funds Deduct interest income in invesung activit9 IlncreasellDeGrea8e In stock IlncreaselJDecrease in DebtwJ IDecreas8lllncreas8 in Croditors IGain5yLosses on Inv8strnents {see note 7) 128,2771 110,1871 1,832 16,3141 5,399 {7211 14,578 (11,1511 11241 11,6511 16,9191 {10,4111 Nel Cash Use¢J in Operating Actsvllies 138.2681 115,6781 14. Ralatod Partl8s Transactlon$ Durlng the year no Trustees received any r8muneration (2024." none) DurSng the year Trustees recglv8d any benefrt in kind (2024.. none) During th& year Trust88s r8C8W8d re1mlr$em8nts of expens8s totalling £1,32312024.' £498) 21
THE STAINED GLASS MUSEUM The South Triforium, Ely Cathedral, Elyi Cambridgeshire, CB7 4DL Reglstered Charlty No. 1169842 Arts Council Accredited Museum No. 574 Company No. CE008353 www.stainedglassmuseum.com ACCREDITED MUSEUM We are very grateful to the Organisations and donors who have supported the Museum during 2024-2025 with grants or gifts of £1,000 or more- The Headley Trust The Wyss Foundation The Loppylugs and Barbara Morrison Charitable Trust The Art Scholars Charitable Trust Cambridgeshire and Hunts Family History Society The Constable Trust The Glaziers, Trust ACE I V&A Purchase Grant Fund The Paul Mellon Cenlre for British Art THE HEADLEY TRUST CLAZICRS co supportedngbI1CIund19V HERITAGE FUND ARTS COUNCIL ENGLAND 22