2021-03-31-accounts - The National Education Museum

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THE NATIONAL EDUCATION MUSEUM

ANNUAL REPORT OF A CHARITABLE INCORPORATED ORGANISATION FOR THE FIFTEEN MONTHS ENDED 31 MARCH 2021

The name of the Charity is “The National Education Museum”.
The Charity’s registration number is 1177115.

3. The principal office of the Charity is at 27 RIDLEY ROAD, LONDON, NW10 5UB.

The following persons are trustees of the Charity as at the date of this report -

Anne Swift (Chair) Dr Catherine Jane Carroll-Meehan

Graham Norman Clayton Andrew Mark Dunkley Edward Jeremy Glazier Gawain Robert Little Amanda Louise Martin Stephen James Morgan Jean Roberts Patrick Henry Roberts Sheena Wright

The following also served as trustees in the period covered by this report -

Shelagh Kay Hirst Emma Joanne Colclough Peter Jack Pendle Ian Murch Dr John Benjamin Stevenson

The National Education Museum’s governing document is the Charity Commission’s standard form constitution for a Charitable Incorporated Organisation (CIO) and is dated 10th February 2018.

The objects of the Charity are to advance the education of the public by the establishment and maintenance of a museum and educational facility relating to the development of educational provision in England and Wales and elsewhere.
Throughout the period of this report the trustees have continued to make progress towards their objective of establishing a National Education Museum for England and Wales. Significant developments in the period include:
1) The Founder Patron scheme – introduced by Trustee Hank Roberts is by which one hundred people become Founder Patron each donating £2500 so creating a fund of £250,000 for the purchase of premises. This has been the main purpose of fundraising whilst restrictions created by the Covid epidemic were in place. Since it was launched in October 2019 the scheme raised 67,500 by 31[st] March 21 and is continuing to grow.
2) Honorary Patrons of the Charity are Baroness Blower, Professor Jim Al-Khalili, Gervase Phinn, and Baroness Morris who all continue to support the project.
3) Attendance at education conferences – with the closure of so many events and conferences held online the Charity has not raised the expected funds through direct face to face discussions and stalls at such events. However, this is being planned for as soon as the situation allows these events to take place again. Profits from sales of Hank Roberts’ autobiography have continued to supplement the Charity’s funds, but since it was education related conferences where the main sales were expected, this has not yet delivered the hoped for income.
4) The Charity was very pleased to welcome new Trustees. Dr Catherine Carroll-Meehan, Head of School of Education and Sociology at Portsmouth University who joined the Board of Trustees before the end of last year. There is a great deal of potential for the museum in having the links to the University. Trustee Sheena Wright has been involved in a Portsmouth initiative with interested lecturers at the University to create a QR code trail, though again getting anything off the ground for students and the public has of course been very curtailed by the COVID-19 related restrictions.
5) Trustee Andrew Dunkley has taken on the role of lead trustee with responsibility for the museum’s collections and he has made useful suggestions on how to raise the profile of the Museum. Trustee Stephen Morgan, MP is another enthusiastic member and is interested in helping to organise an event in Parliament to raise the profile of the Museum once the situation allows.

6) The collection of artefacts continues. Most are stored at the offices of the National Education Union at Hamilton House and other artefacts are in a commercial storage depot. Once the situation allows there will be a concerted effort to find proper storage facilities as well as looking for the initial Museum premises in Portsmouth. Many supporters are also holding artefacts for the Museum. This is seen as vital work which drives the raising of funds.
The trustees confirm that they have complied with the duty in section 4 of the 2006 Act to have due regard to guidance on public benefit published by the Charity Commission.
The Charity is not subject to statutory audit in respect of the period covered by this report.
The trustees met as a full trustee body (via zoom due to the pandemic) on 15[th] June 2020, 9[th] July 2020, 30[th] July 2020, 17[th] March 2021 and otherwise communicated on decisions to advance the work of the Charity by email.
The accounts of the Charity have been prepared on an income/expenditure basis for the year 1[st] April 2020 to 31st March 2021 and are attached.

13. Neither the Charity nor any of its trustees’ act as custodian trustees.

Date of Report: 8 September 2021

Signed:

Jean Roberts, Secretary and Trustee

THE NATIONAL EDUCATION MUSEUM

CHARITY NUMBER: 1177115

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2020 TO 31 MARCH 2021

THE NATIONAL EDUCATION MUSEUM STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2019 TO 31 MARCH 2021

Notes INCOMING RESOURCES Donations 1 Total Incoming resources RESOURCES EXPENDED Cost of generating funds 2 Goods Services Incidental expenses Bank Charges Total resources expended Net Income for the period Reconciliation of funds Total funds brought forward Total funds carried forward	2020/21 £ 41,620 41,621 0 738 144 72 954 40,667 27,220 67,887	2019/20 £ 31,726
		31,726 2,254 4,550 1,715 90
		8,609
		23,117 4,103
		27,220

FOR THE PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021

THE NATIONAL EDUCATION MUSEUM BALANCE SHEET

Notes TANGIBLE FIXED ASSETS Equipment CURRENT ASSETS Debtors Cash at Bank and in Hand CREDITORS:Amounts falling due within one year NET CURRENT ASSETS NET ASSETS UNRESTRICTED FUNDS TOTAL FUNDS	2020/21 £ £ - - 67,887 67,887 - 67,887 67,887 67,887 67,887	2019/20 £ £ - - 27,220 27,220 - 27,220 27,220 27,220 - 27,220	2019/20 £ £ - - 27,220 27,220 - 27,220 27,220 27,220 - 27,220
			27,220
			27,220 -
			27,220

Chair of Trustees/Treasurer

The notes on the pages below form part of the financial statements

THE NATIONAL EDUCATION MUSEUM BALANCE SHEET FOR THE PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021

1. Accounting Polices

Though of limited relevance to the accounts for the current period the principal accounting policies adopted by the Charity are as follows:

(a)

Basis of accounting

The accounts of the Charity are prepared on the historical cost basis and are in accordance with applicable United Kingdom accounting standards, The Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.

(b) Fund accounting

Undesignated funds are available for the use at the discretion of the trustees in the furtherance of the general objectives of the Charity.
Any designated funds are subjected to restrictions on expenditure imposed by the donor or through the terms of the appeal

(c)

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant.
Any donated services and facilities are included at the value to the Charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the Charity earns the right to consideration by its performance.
(d)

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred except where otherwise indicated. Expenditure includes any VAT that cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of the activities and services for the beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and costs linked to the strategic management of the Charity.

THE NATIONAL EDUCATION MUSEUM BALANCE SHEET FOR THE PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021

  - All costs are allocated between the expenditure categories in the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, otherwise apportioned on an appropriate basis.

(e) Any fixed assets are stated at cost less accumulated depreciation.
1 Incoming resources from generated funds

Voluntary Income (Donations)	2020/21 £ 41,621 ___ 41,621 __	2019/20 £ 31,726 ___ 31,726 __

2 Cost of generating funds

Goods Services Incidental Expenses Bank Charges Staff costs Salaries (All funds) Tax and social security costs	2020/21 £ 0 738 144 72 _ 954 _ 954 __ 2020/21 £ 0 0 _ 0 _

There were no employees during the year

THE NATIONAL EDUCATION MUSEUM Independent examlnerfs report to the Trustees of The National Educatlon Museum, a Charitable Incorporated Organlsatlon l*he NEM,) I report to the charity trustees on my examination of the accounts of the NEM for the year ended 31$1 March 2021. Responsibllltles and basls of report As the charity trustees of the NEM you are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the NEM'S accounts carried out under section 145 of the Act. In carrying out my examlnation I have followed all applicable Directions 8lven by the Charity Commission under section 145(5)(b) of the 2011 Art. Independent examlnerfs statement I have completed my examination. I confirm that no rnaterial matters have come to my attention in connertion with the examination giving rne cause to believe that in any material respert: l. accounting records were not kept in respect of the Trust as required by section 130 of the Art; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the appllcable requirements concerning the form and content of accounts set oirt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and fair view which is not a matter considered as part of an independent examination,. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: 5kn5 Name: Stephen Davies Relevant professional qualification or membership of professional bodies Irf any): Address: Flat 2, Westover Road, scarborough, Y012 SAA Date: 21 kn zt