REGISTERED CHARITY NUMBER.. 1182022 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 FOR VAGINA MUSEUM VAGINA MUSEUM
VAGINA MUSEUM CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Page Rgport of th8 Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 15 Detalled Statement of Financial Activities 16 tr) 17
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 The trustees who are also directors of the charlly for the purposes of the Companies Act 2006, present their report with the financial slalemenls of the charity for the year ended 31 hlarch 2023. The Iruslees have adopted the provisions of Accounting and Reporting by Ch8rilles'. Statement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- OBJECTIVES AND ACTIVITIES Objectives and aims A summary of the purposes of the charity as set out in ils goveming document and the maln activities ndertaken in relation lo Ihose purposes are as follows= Pur oses of charit Charltable activities: To establish and maintain a museum dedicated lo the gynaecological anatomy and its place in Sentte, culture, society and history. Charitable objectives: t. The advancement of education and the promotion of equality and diversity for the public benefit by establishing 8nd maintaining a museum and collections focused on gynaecological anatomy and ils Pla in science, culture. society and history. Our values: Respocl Integrity Empow8m)ent Inclusiveness Our misslon: Spread knowledge and raise awareness of the gynaecological anatomy and health. Give confidence to people lo talk about issues surrounding the gynaecological anatomy. Erase the sligma 8round the body and gynaecological anatomy. Act as a forum for feminism, women's rights, the LGBT+ community 2nd the intersex community. Challenge heteronormative and cisnormalive behaviour. Promote intersectional. feminist and trans-inclusive values. Significant activities The Vagina Museum operated al a premises lo¢aled at 18 Victoria Park Square within creative hub ENTER from the beginning of the period covered by this report. Here il delivered in-person activities of exhibitions. events and pop-ups undertaken in partnership with other charities and community groups. In February 2023. the property guardianship arrangement ended and the Vagina Museum moved out. It continued lo deliver online book Club events, events al external sites. and digital outreach during the remainder of the period covered by this report. It undertook a fundraising campaign running from April-June 2023 to secure a new premises. Pa£e I
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 ACHIEVEMENT AND PERFORMANCE Exhibitions.. The Vagina Museum displayed hNo main exhibitions in the period covered by this report. Periods.. A Brief History was an exhibition exploring menstrual beliefs and taboos through lime, including narratives from around the world. from prehistory lo the present. This exhibition was intended to be temporary and for legacy will be displayed on the Vagina Museum website with other past exhibitions. From A lo V is intended to be a permanent display. 11 covers activism, anatomy, health and vulva diversity. The Vagina Museum created this exhibition in response lo feedback and consullalion with the membership base to identify what information they wanted to have on display and shared with the public.11 will be displayed in the new premises. In addition. the Vagina Museum ran a programme of partnership one-day pop-up evenls with charities and advocacy groups. Charities were given use of the events spa, the Vagina Museum's exhibition frames and marketing lo create and deliver small-scale exhibitions lo raise awarfjness of their issues and their work. In total, seven pop-ups were delivered in partnership with the following organisations.. The Queer Parenting Partnership, Eve Appeal, Abortion Rights, Daisy Network, Endomolriosis UK, Lady Garden Foundation and Intemalional Association for Premenstrual Disorders. The Vagina Museum was open 10am 6pm Wednesday - Sunday, with a late opening on Wednesday. All charity pop-ups took place on Sundays during regular opening hours. Exhibition visitors In the period covered by this report, the Vagina Museum welcomed more than 28,000 visitors. The Museum was open Wedn8sday-Sunday, 10am-6pm with 8 late opening until 8pm on Wednesdays. Admission was free for all visitors. Museum visitors wefft more likely to be female, LGBT+ or disabled than the general population. Visitor feedback was highly positive. 94Yo rated the Vagina Museum as 7 out of 10 or higher in terms of their overall exporience al the Museum, with 10 being a perfect experience. 93.7D/o said they knew more about the history of menslrualion after visiting the Periods: A Brief History exhibition. 73Vo said they knew more about vaginas and vulvas after visiting the Fiom A lo V exhibition. Feedback from visitors .1 legitimat81y learned new words for parts of my own anatomy that I didn't know before and that's as a sex wrilerl" 'Thank you for being so inclusive." "Staff were very friendly, the exhibitions are easy to follow for everyone that would like to visit. And let's face it: il is amazing how a place like this, that shares so much and important information has free admission. Keep doing what you are doingl. Page 2
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Events.. The Vagina Museum held 14 in-person events al the Viclor(a Park Square premises in the period covered by this report. In addition, 14 online events were held, and 7 in-person events al external premises. Many events were organised in partnership with external Collaborators. Events comprised of a mix of performance, talks, social events, book clubs and workshops. Selected highlights include.. 24th September 2022.. Period Dmmal An online panel In collaboration with Jane Auslen's House exploring hygiene. menslrualion. menopause and underwear in the Georgian era. 8th October 2022.. We Are Every Woman An in-person interactive workshop facilitated by Alice Brookes. This project involved discussing experienttes of harassment and creating a visual patchwork piece to contribute to a sculptural project. 19th October 2022.. The Business of Birth Control screening An in-person screening of the documentary The Business of Birth Control 120211. The film examined the relationship between hormonal birth control and women's health through a feminist lens. This screoning included a Q&A with filmmakers Abigail Schrier and Ricki Lake. 27th January 2023.. Vulvaplicity A queer-led evening of performances and pop-up displays of visual art, using creative expression to destabilise heteronormative and cis-normalive behaviour as well as lo give space to topics that are often taboo within cultural and social parameters. The woiks of eight artists were showcased. Multiple dales and pr8mises.' Bajingo Bingo An interactive and lun gamified approach to gynaecological health education. This took the formal of a game of bingo, where each number was linked lo a fact about gynaecological health and vaginas in cultur8. This event look place al multiple locations including Lady Dinah's Cal Café. Events A total of 34 events were held during the period covered by this report. A lolal of 334 people allended an in-person event on Vagina Museum premises, and 175 allended an online event. Precise attendance figures for events delivered externally was unavailable. For events taking placo in the Vagina Museum premises or online, 94. of people rated their satisfaction with the evenl as 7 out of 10 or higher, with 61 /0 raling their event al 10 out of 10. Feedback from attendees "The subject matter was pr8senled so well and in such an accessible mannerf, '1 loved being in an environment that shared my same special interest. 11 was very informative and well connected and explainedl" Page 3
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Digital activities.. In the period covered by thls report, the Vaglna Museum had five social media channels.. Twiller, Facebook, Instagram, Mastodon and Tumblr. During th18 period, the Museum's social following had a lolal of half a mlllion followers. The Vagina Museum's soal media conlenl on Twiller and Mastodon was shortlisted for a Digital Culture Award in the "Going Social" category. Three podcast episodes were published in the period covered by this report. They were downloaded a total of more than 7000 limes. In the period covered by this report, the Vagina Museum's website received 204,000 visitors. Our virtual learning resources and virtual Muff Busters exhibition was viewed almost 102,000 times. Fundraising and membership.. In the period covered, the Vagina Museum has held two individual giving appeals. The first was a festive fundraiser with the goal of raising £2,000. £2,375 was raised Milh 149 donors. The second was 8 major fundraising appeal lo secure a new premises and secure the future of the Vagina Museum. This appeal ran from April 2023 and is ongoing. The goal was £85,000. In the period covered by this report, £87,116 was donated by 2,456 donors. The Vagir¢a Museum's membership scheme is priced 81 £50 8 year, or £6 8 month. Members receive a discount on events and in the gift shop, exclusive members, events and frequent communications from the team. Owing to the cost-of-living crisis, some members on direct debits cancelled their memberships, and growth of membership has closed. The total number of members at the end of the period covered by this report was 409. Press: The Vagina Museum's fundraising campaign was covered widely including on BBC Radio London, Museums and Heritage Advisor, Third Sector, London Evening Standard and Pink News during the period covered by this report. FINANCIAL REVIEW Financial position In the period covered, the charity's total income was £183,01012022'. £117,285}- This ye2r-on-ye8r increase in income reflects the period the museum gained 2 physic21 space al 18 Victoria Park Square (between 19th March 2022 to 2nd Febwary 20231 and the consequent Increase of on-site shop, events tickets and bar sales. There was a similar increase in outgoings lor the period with expencliture 101211ing £132,60312022.. £121,264) 10 reflect costs associated with reopening. 11 is not a large incrtase as the new premises was 8 property guardianship, therefore rent and utilities were reasonable. The total funds carried forward into the 2023-24 financial year are £86,325. Page 4
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 FINANCIAL REVIEW ReseNes policy The Vagina Museum trustees decided lo hold reserves al £20,000. These reseNes would be used if there was not enough income lo cover essential overheads including staffing, rent, taxes and bills, The Iruslees Consider that this policy remains sufficient to the needs of the charity otherwise would trigger winding up. Al the year end, the charity held unreslricled reserves of £86,325. which is above the resetves policy. However. this was mainly made up of the donations made to secure the new premises. FUTURE PLANS The plans for the future involve the acquiring of the new premises which has a lease period of six years and organise exhibitions in the temporary gallery every six months. The first exhibition took place in November 2023. In 2023, there were plans lo install a lift in December 2023 and open the permanent gallery and community gallery in early 2024. The plan is lo organise a new exhibitron every four months. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Vagina Museum is a charitable incorporated organisation ICIOI. Ils governing document is the foundation model conslitulion. Recruitment and appointm&nt of new trustees Trustees are recruited either through an open applic21ion process by advertising on our website and relevant volunteering job boards, or by headhunting in order lo fill skill gaps in the board. Applications are reviewed by the Iruslee board and charity staff and suitable candidates inviled to interview with existing trustees. No one outside the trustee board or staff group participates in the selection process. Related parties The Vagina Museum has a trading subsidiary - Vertical Smile Project Ltd (company number 108124431. Vertical Smile Project Ltd is a company limited by shares and all shares are owned by the Vagina Museum. Its registered office is 275-276 Railway Arches, Poyser Street, London, E2 9RF. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1182022 Prlnclpal address 275-276 Railway Arches Poyser Street London E2 9RF Page 5
VAGINA MUSEUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023 Trustees The charity's trustees on the dale the report was approved or who served as a trustee in the reporting peri(xl are as follows.. Sarah Ham)an Jo Joyce Jennifer Simmons Sarah Dowd (resigned 27.06.20231 Pollyanna Cohen lappoinled 17.07.20231 Claye Bowler lappoinled 17.07.20231 Claire Mead lappoinled 17.07.20231 Leigh Venus18ppolnted 26.09.2023) Independent Examlner Sedulo London Limited Albert House 256-260 Old Street London EC1V 9DD Approved by order of the board of Iruslees on . 25 AI IILZO and signed on ils behalf by., J Joyce - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VAGINA MUSEUM Independent examinevs report to the trustees ofvagina Museum I report to the charity Iruslees on my examination of the accounts of VagiNa Museum (the Trust) for the year ended 30 June 2023. ResponslbllltSes and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the a¢Gounts in accordance with the requSremenls of the Charities Act 2011 I'lhe Acl'l. I report In respect of my examination of the Trust's accounts carried out under Section 145 of the AGI and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145151{bl of the Act. Independent examinerfs statement I have completed my examingtion. I confirm that no materi21 matters have come lo my allenlion in connection with the examinatlon givlng me cause lo belleve that In any mate¥ial respect.. accountlng records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements conceming the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whlch is not 8 matter considered as Part of an independent examination. I have no concerns and have come across no other mallers connection with the ex8mln8tion to whlch allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Emma Houghton ACCA Sedulo London Limited Albert House 256-260 Old Street London EC1V 9DD Date.. 29 April 2024 Page 7
VAGINA MUSEUM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 2023 Unreslricled fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 160,282 98,242 Charitable activities Exhibitions and events Memberships 7,743 14,985 3.095 15.948 Total 183,010 117,285 EXPENDITURE ON Raising funds 21,969 20,698 Charitable activitiès Exhibitions and gvents 110.634 100,565 Total 132,603 121,263 NET INCOMEI(EXPENDITUREI 50,407 (3,978) RECONCILIATION OF FUNDS Total funds brought forward 35,918 39,896 TOTAL FUNDS CARRIED FORWARD The notes form part of thesé financial statements Page 8
VAGINA MUSEUM BALANCE SHEET 30 JUNE 2023 2023 ungIrl¢l¢d fund 2022 Total furKI3 Note$ FIXED ASSETS Tangible ass8ts 2.102 4,820 CURRENT ASSETS Debtors Cash at bank 19,518 69,045 19,518 88,563 38.486 CREDITORS Amounts falling due wllhln one year (4,340) {5,3881 NET CURRENT ASSETS 31.098 TOTAL ASSETS LESS CURRENT LIABILITIES 86,325 35.918 NET ASSETS 86,325 FUNDS Unrestrlcted funds 35,918 TOTAL FUNDS The financlal slal8menl$ wgre approved by the Board of T[us16 authorised for Issue on .%6/93./ £QA*.............. and were Bigned on it$ behalf by.. J Slmmong- Trustee The notes lorm part of these flnaThtial statements Page 9
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACCOUNTING POLICIES Basis of preparing thè financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finarbcial slalements have been prepared under the historical cost convention. Golng concern The Vagina Museum's property guardianship al ENTER came to an end in January 2023. The lack of premises has adversely impacted the charity's financial position due lo the lack of on-site shop s81es and donations. The charity undertook a fundraising campaign lo secure a new premises and secure the future of the Vagina Museum. This appeal ran from April 2023 and is ongoing. The goal has been exceeded and £87,116 has been donated by 2,456 donors. A new premisgs was secured in September 2023 with a six-year lease. Al the time of signing these accounts the Trustees are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements havo been prepared on the Going Concern basis. Income All income is recognised in the Statement of Financial Activities oncg the charity has enlillement to the funds. il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation Committing the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢¢ounled for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils eslimaled useful life. Fixtures and fittings Computer and equipment 200/0 straight line 25010 slraighl line Related party exemption The charity has taken advantsge of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not lo disclose related party transactions with wholly owned subsidiaries within the group. Page 10 ontinued...
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023 ACCOUNTING POLICIES- contlnued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Reslricled funds can only be used for particular reslri¢led purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Pension costs and other post-retirement benefits The ¢harily operates a defined contribution pension scheme. Contributions payable lo the charity's pension scheme are charged lo the Statement of Financial Activities in the period lo which they relate. CHARITABLE ACTIVITIES 2023 2022 Memberships Other revenue 14,600 385 15,948 14,985 15,948 TRUSTEES, REMUNERATION AND BENEFITS With effect from 4th April 2022, Florence Schechler resigned as a Irustoe and was paid for the position of CEO. For the year 30 June 2023, there were no Iruslees, remuneration or other benefits. Trusteos. expenses There were no trustees, expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022. STAFF COSTS 2023 2022 Wages and salaries Social security Costs Other pension costs 104.246 7,126 2.139 100.317 6.234 2.338 113,511 108,883 The average monthly number of employees during the year was as follows.. 2023 2022 Average monthly number No employees received emoluments in excess of £60,000. Page 11 continued...
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 98,242 Charitable activities Exhibitions and events Memberships 3.095 15.948 Total 117285 EXPENDITURE ON Raising funds 20,698 Charitable activitles Exhibitions and events 100,565 Total 121,263 NET INCOMEIIEXPENDITUREI 13,978) RECONCILIATION OF FUNDS Total funds brought forward 39.896 TOTAL FUNDS CARRIED FORWARD 35.918 Page 12 continu...
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2023 TANGIBLE FIXED ASSETS Fixtures and fillings Computer equipment Tot81s COST At 1 July 2022 Disposals 9,441 3,319 2,733) 12,760 2,7331 At 30 June 2023 9,441 586 10,027 DEPRECIATION At 1 July 2022 Charge for y6ar Eliminated on disposal 5,451 1,888 2,489 154 7,940 2,042 AI 30 June 2023 7,339 586 7,925 NET BOOK VALUE At 30 June 2023 2.102 AI 30 June 2022 3,990 830 4.820 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 other debtors 19,518 19,518 Page 13 continued...
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 JUNE 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors T8xalion and social security Other creditors 30 3,257 2,101 2,239 2,101 4,340 5,388 MOVEMENT IN FUNDS Nel movement in funds Al 30.6.23 Al 1.7.22 Unrestricted funds General fund 35,918 50,407 86.325 TOTAL FUNDS 35,918 50,407 86,325 Nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 183.010 {132.6031 50,407 TOTAL FUNDS 183,010 {132,603) 50,407 Comparatives for movement in funds Net movement In funds At 30.6.22 At 1.7.21 Unrestricted funds General fund 39,896 13,9781 35.918 TOTAL FUNDS 39,896 3,9781 35,918 Page 14 continued...
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 30 JUNE 2023 OVEMENT IN FUNDS - contlnued Comparatlve net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 117.285 1121.2631 (3,9781 TOTAL FUNDS 117,285 1121,2631 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 June 2023 nor 30 June 2022. Page 15