Charily registratlon number 1182022 (England and Wales) VAGINA MUSEUM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
VAGINAMUSEUM LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Mead C Bowler P Cohen J Joyce S Harman H Greenland S L Donlan P Barker H Str8tton E DiEbv (Appointed 21 October 20241 IAppolntÈd 21 October 20241 (Appointed 21 October 20241 (Appointed 21 October 20241 (Appointed 21 Ottob@r 20241 charlty number IEnBland and Wale51 1182022 Prlntlpal address 275-276 Poyser Street London Unlted Klngdom E2 9RF Independent examlner Sedulo London L¢mlted Office 605 Albert House 256- 260 Old Street London United Kingdom ECIV 9DD
VAGINAMUSEUM CONTENTS Page Trustees, report Independent eKaminer'5 report io Statement of financial activitle5 li Balance sheet 12 Notes to the financial statements 13-21
VAGINA MUSEUM TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 The trustees present thelr afftnual report and financlal statements for the year ended 30JunÈ 2025. The financi31 st3ternent5 have been prepared in accordance with the accounting policies set out in note I to the financial Statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reportin Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance with the Flnancial Reportlng Standard applicable in the UK and Republlc of Ireland IFRS 1021 OBJECTIVE AND ACTIVITIES A summary of the purposes of the charlty as set out Its Bovernln8 document and the maln actlvlties undertaken In relatlon to those purposes are as follows.. Charltable actlvltles.. To establish and malntaln a mSeuM dedlcated to the gynaecologlc anatomy and Its place In sclence. culture, sodety and history. Charltable objec¢ive5: The adv3ncement of education and the promotion of equality and diversity for the public benefit by establishing and maintalnlng a museum and collections focused on gyn8ecoloElcal anatomy and its place In science, culture. soclety and hlstory. Our values.. Respect Integrity Empowerment Inclusiveness Our mission: Spread knowledge and raise awarenes5 of the Evnecological anatomy and health. Give confidence to people to talk about issues surrounding the gynecologit anatomv. Erase the £tlEma around the body and gynecologit 3natomv. Act as a forum for feminism, women'5 rights, the LGBT+ community and the intersex community. challenge heteronormatlve and cisnormatlve behavlour. Promote Intersectlonal, feminlst and tr3ns-In£luslve values. Puhllr bÈnÈflt The trustee5 have pèld due regard to guidantr issued by the Charity Commission in decidln8 what activitles the charlty should undertake.
VAGINA MUSEUM TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Activltles ThÈ Vaglna Museum operated its first full year wlthin 275-276 Poyser Street In Bethnal Green ITowÈr Hamletsl, for the period covered by thls report. The premlses Is located withln two railway arthes and features hl8h ceilings with a me223nine level on both halves. One section of the bulldlne houses exhibitions and include5 an elevator, whlle the other section is dedicated to a staff area and event Space. Our events space measures 58.3 square metres, and has czp3Clty for 60 seated or 80 standing. During thls perlod, the Vagina Museum faced financial dlfficultle5 a5 temporary cashflow Issues led to nearly reaching our reserves limit. As 3 result, th15 necessitated the launch of an emergency lundrai5ing c3rnpalgn In March 2025. This campaign exteeded expectatlons, reaching Its goal of É60,000 Indlvldual glvlng wlthin 48 hours of 80ing Ilve. In parèllel, the museum negotlated a monthly rent payment plan with the landlord5, in order to pay our rent in full in more man3Eeable, 5rnaller, regular amounts rather than quarterly large sums. Together, these measure5 5tabilised cashflow and ensured that the Museum wa5 able to rem35n open. Since then. the museum h35 continued to widen its delivery of in-person act1tiÈ$, events and pop-ups undertaken i p8rtnÈrship with other charities and tommunlty groups. Activities in thls period have included a variÈty of panel talks, workshops, book tlubs and social and craft-ba5ed events that have been prlmarlly rooted In community focused. soclal programmlng. In April 2025, the Vagina Museum launched a new qoarterly community-led zine. Lip Service where all ¢ontributlons come from the museum's tommunity. It has 81so continued to foster new forms af community building within the local area. actlY participating in Tower Harnlet5 Councll's workshops, stalls at St Margarets House and volunteer fairs. Accordine to the museum's visltor feedback, 75.6% of visitors identlfy as Whlte lincludlng Whlt& Brltish, Irish, Roma, TTaveller and any other White backgroundl. 78.1% ol our audience Identlfy as Women. 64% of visitcrs IdentSfy as LGBTQl+. 28.6% identlfy a5 di58bled and 57.7% Identify as neurodlvergent, The 20-24 age group was the Museums, hl8hest representation at 24.6%, followed by 25-30 at 21.7%. Thls Indicates that the majority of visitors are in their 205, wllh the 20-24 a8e range as the leadlng demographlc. The third-hi8he5t dernographic15 Ihe 35-39 è8e group. which repre5erit5 10.5% of the total responses. 93.4% of visitors stated that this was their first time visitlng the museum.
VAGINA MUSEUM TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Exhlbltlons.. The Vagina Museum displayed six maln exhlbltlons Sn the perlod covered by rhis pOrt. Lucy's Gallery- Museum OJ Monkind was the hAuseum's second temporary exhibition. This parody exhibition Iset In Aprll 402LII highlights misogyny and tsppression In h15tory. heritage and the museum industry. This exhibition was Inspired by thp Museum of Di55ent who are a collectlve that emplores the possible nature of institutional diss@nt through InteTactive exhibitions and event5. The exhlbStion centres around the Drag King, Guy Manson, who discovered a collection of ancient objects while gardening. This unexpected find prompted 2n archaeolo8lcèl diE to uricover the origin5 of these objects and their historlcal uses. This exhlbltion was Instslled in April 2024 and concluded In February 2025. Menopouse Whats Chcinged? was the Museum's third tetnporary exhibition. Thi5 exhibition explores menopause in historv. tracine the journey from the mlllennSa of silence through to the boom in a lucrative industry. Through u5Ing playful and particlpatory methods, th15 eKhlbition look5 at the burgeoning cultural scene which is finally startlng to thrive. This exhibition s supported by the University ol Sussex, the University of West of England and more than 4(K) Crowdfunder donors. This eKhibition was Installed in March 2025. and Is projected to contlude In spring 2026. Betsey's Gallerv- Fmm A to V is the Museum's pÈrm8nent d15p13y. It covers actlVi5m, anatomy. health. institutional rècism and vulva diversity. The Vagina Museum created thi5 exhlbltlon in re5pon5e to feedback and consultation wlth the member5hlp base Èo identify what Information they wanted to have on display and shared with the public. In June 2025, From A to V underwent 8 revBmp. Thi5 included more accessible interactive deslgn feaiures, an expanded vulva dlversity wall- showing different anglÈs of the vulva-and the Instsllatlon of a preserved human uterus, ovarle5 and uterlne tubes. dlsplayed In a perspex box. Anarrha's Gallery- The Communlty fjallery Serves a5 a dedicated space within the museum where Indivlduals, art15t5, or groups can present exhibitlon5 that highlight broader dixourses and Iwed experientes. In 2024-2025, the museum received funding from Arts Counci5 England to develop three exhibitions., Ode to Gy{nlu, a mural installation co-crezted with Skaped, an East Londtsn artlvlst charlty,. Trans Ephemero. a mlxed medla exhlbltlon created by elght trans artists and Before the 81ood. a photography and letter exhibition co-created with Nisaba, 3 period justlce charity for migrant women, Both Ode to Gy(nla and frGns Epherner<T were delivered within the period covered by this report and are detailed below. Before the Blood was developed outside the reporting period and therefore not Included in the following Section. The second exhlbStlon featured In ihe Community Gallery was Know Your Body Llke Nobody E15e.' Cervicol Screening Redesigned by Ella Cl3ncy. The work examines the realtrties Df gynaecological health, with a particular focus on cervicèl 5creenlng, Clancy's work aims to challenee the embarrassment that Indlvlduals Wlth cervixe5 often experience when attendlng their screenln& using soft, welcomln8, and supportive interventions. The installation fosters well-lnformed and open conversations b2bi4een friend5, patients, and healthcare professionals. This exhlbltlon was Installed In late June 2024 and concluded Sn December 2024. Ode to Sylnjo is the museum's third tommunity exhlbltion, and w35 funded by Arts Council England. In tollaboration with 5kaped an artlv15t charlty thai work5 wlth young people in East London to Èducate them about tommunity bullding and human rSghts- this exhibition trlebrates bodlly autonomy, collectlve empowerment, and the liberation work yet to be done. The rnural lor the exhibition was created by a diverse group of Yon¥ creatives, and 15 an arnalgamation of what each of the participants brought to the space when asked to facu5 on bodily autonomy and liberation. The work produced was Insplred bv the beauty in sElf-possesslon, In the profound right of indiwduals to make decisions about thelr own bodie5, and in the reslllence of human spirit that transcend5 external constraints. The exhibition soueht to honour past generations of women (mother5 of gynaecology, Gaia, Mother nature) who created space for the nÈxt gÈneratlon of women to finally be free within thelr bodles. This exhlbltlon was installed In December 2024. and concluded In Aprll 2025.
VAGINA MUSEUM TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 rrcTn5 Ephemero Ss the museum's thlrd community exhibition, and was funded by Art5 ConcIl England. Thi5 exhlbitian was crèated In collaboration with individua15 who identify a5 trans and explore5 the disposability of items surrounding transition and trans life. such as medication packets. Eender aflirminE product material. admlni5tratlve paperwork, and so on. This mixed media inslallation explored the journeys of trans communities. running from April 2025 through to July 2025. The Vagina Museum held 86 events at Poyser Street in the period covered hy thi5 report. EverTt5 conslsted of a mix of performance, tslk5/lecture prDgrammes, 50clal events, book clubs, workshops and craftin8 activities, delivered mostly In- person with some online. Of the 86 events, 77 We held on site. 9 online, 5 wÈre exclusive to members and 14 were private hires. For the museum. social and crèft-ba5ed event5 generate the best tUrn engagemènt, whlle performance and private hires achieve the hlghest averaEe revenue. Panel evenrs slt between the two types of events. Selected hlghlight5 include.. 23 O¢tobei2024.' The Mothers of Gynaecology.. Saying Their A panel di5CU55ion with Edem Ntumy. AZ and Princess Banda to celebrate and commemorate the Mothers Df GynaecoloEV, their history. and to call attentlon to the èxperlences of Black women in gynaecological care throughout history ènd today. 24 October2024.. love Lounge Menoptruse.'Ask thÉ Experts Undressing Di53bllity facllitated a panel tslk between experts In health, dlsablllty. employment and wellness through the prlsm ol menopause. The audience were invited to ask question5 in person or through Undressln8 Disabillty's social media ahead of the event. A SDtlal event followed the Pdnel discussion where people were able lo rneet and network. 29 Morch 2025.. Pu55y5unttuory As part of our emergency fundraiser campalgn, the museum hosted an all day fundraiser. The programme consisted of iarot readln& art-on-the-go, vendors, as well as an evenlnÈ variety show. 31 Moy 2025.. Pu55y Poiring In collaboratlon wlth Cale Sauv, this wine-tasting event sought to normallse and romanticlse dwersty in wJlva'5 aroma arid taste, as well ès teach attendees a bit about wlne pa5rlng. The Cafe Saw team g¢Jlded attendees to help figure out what type5 of wlne'match their pussy.. A5 mentloned above, thp museum has had partlcular success with its recurrlng soclal and traft based events. Includlng Pearlv Makers Market, Sapphic Mix and Mlngle. and Cunty Crafts, as listed below.. Multlple Dates: Peurly Mukers Adarket The Pearly Maker5 Market promotes emerging artists and maker5, puttlng queer and first tlme market makers to the front, all while growlng our ¢omMunity of creatives. This event has also been openeLI to the museum'5 volunteers. offerlng them the opportunity to showcase and spll thelr WDrk. A Pearly Makers Market wa5 also held on Internatlonal women's day where the museum 501d 226 tickets. Multlple Dates.. Strpphlt Mix ond Mingle A low pressure mix & mingle event for 5apphlc queer5 of all Kenders & sexualltles looking for connection- whether that's mates. dates &/or community. Mulllple Dates.. Cunty Craft5 A fully guided lewellery making workshop with ROZS, a proud queer jewellery deslgner. Organiser, and maker. The workshop Is an opportunlty to learn a new skill. make your own jewell2ry and engage with people.
VAGINA MUSEUM TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30JUJVE 2025 Dlgltal Attlvltles- During this period, the Museum continued to deliver Its digital acttvitles. and produced frequÈnt content on social media Iwlth the addltlon Blueskyl. Selected tOPlCS included.. Emergency crowdfunding post5 across all socials to save the museum from closure Starting in February 202S, Lip Service- the museum's quarterly ctsmmunity 2ine- was promoted through targeted Mailchimp campaigns to generate submisslons. In Aprll 2025. the museum released a response to the UK Supreme Court ruling across its Social media platforms In Aprll 2025, the museutn did its flrst Linkedin article, entitled, Whutcon the corporute sector leornfrom the VoglnJ MuseumP Across Instagram. Mastodon Bluesky and X. the museum shared promoilonal Content for events. alongside educational material and related artwork5. Responses and Feedback-. Exhlbltlon vlsltors In the period covered by this report, the Vaglna Museum welcorned an average of 2,600 visitors a month. The Museum was open Wednesday-sunday, 103m-6pm. Adtn15slon wa5 free lor all wsltors. In December 2024, 3 more robust exhlbltlon survey was Introduced to assess publlc receptSon of the museutn's exhlbltlons on display, and to generate key Insi8hts Into the museum's vlsltor consumption, re5POn5e5 and experiences ol the work. orar exhtbitions During the fvluseum of Monkindexhibition. 95.2% of visitors said thÈy would recommend It to other5.. -[1 opprÉclotedl highllghtlng the mlsogyny wifhln socleties todoyi in the po5tondlikely in thefuture. It W05 Witty.. "[IUe] visited multiple large museums in london,.. and reflected multlple times on the norrotlves of rhe commtsnltles from elsewhere in the world und the exoticisation ond Eurocentric discusslon. It Is wondeifu15eeing u museum highlight that impact on women" Responses lated to Menopuu5e.- What'5 ChangedP showed that 97% of visitors found the exhibitlon somewhat or very eng3gin81 while 97.9% found the toplcs covered in the exhibitlon interesting. Menopause was our second most-reuuested exhibition topic after endometrlosls. found It Interesting.. "It's bringing owureness towords less discussed topics inside olreudy less spoken toplts lÈ.g. trons meDopou5e In51de the menopause exhibitsonl- -As o young odtslt, leornlng MofE in depth about menopause. I know a brief overview mysellolready but now I know obout 17 lot of historyi peoples own thought5 und views what 15 golng on in the worldubout It ond whot Is golny to hoppen fo my body when I getolder." -[1 Ilked] The Infvrmutlon on lW much menopatsse (as well as fvmale healthl hos been overlooked in the mule-dominoted world."
VAGINA MUSEUM TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 30JUNE 2025 Permanent e%hibitlon RÈsponses related to From A to V, showed that 83.4% of visitors felt the exhibltlon equlpped them wlth $oUrCeS and Informatlon to explore the toplc further. Addltlonallyi 94.8% reported that It reduced stlgma, and 97.6% felt more Confident in di5CU55ing anatomy and health.. .1 came wlth someone else and I liked thot the informution ktrlkes ctsnversotion between us both t7nd we could compure experience5." °[1 likedj the pictLires olthe cervlx, bectsuse I'd I)onest neverseÉn on octuol cefrvix Inot a cGrtoon}, let olone In oll It's dllfrrent hgses" -Looklng ot gyntsecologlcol diverslty m(Jde rnefeèl lèss scored obout my ¢xvn vulvG. l always thought I might hove sarnethlng wrong wlth mine, but thls rettssured me I WGS just tropped in the lie5 0rJd"beouty"stondords of it oll.- °Ihove hud bGdexperiences Iwith heolthcorejso itfrltuJAirming ondlfelt uplifted. Communi Galle All exhibltions include an Snteractive Élément, designed to further engage visitors. More than 2,ODO pÈtsple participated in these Interactive elements, such a5 reflecting on thelr ceTvical screenlng experiences. or stuffing a glove to Show support for the trans tommunlty. In relation to the Community Galleryi 89.4% of visitors reported thèt they 83ined a greater understanding of the group who treated the work upon viewing the exhibition. Addltlonally. 72% of community creators said they were Interested in pursuing a career In the museum settor or wider arts sector. Visitors were asked to iderltlfy the most impactful part of their gallery eKperience.' selected answer5 are detsiled below.. 'The reminder that not oll women hove VÈI the/rÉedom to enjoy theirbodles L7ndfreedom' Seeing how on bourdyou were wirh including trons people. ut every5tep. Ilelt nemous comtng in because you never know but It wtrs oll wonderful, Feelingsetn, 'Ilove thE ports where you can write down yourown e¥pÉrlEnce- Its so good to read obout otherpeople's experlence5 too,
VAGINA MUSEUM TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Responses and Feedback.. Event5 Events When 3sked to rate their experlence, general vlsltor sallsfattlon is vÈry hlgh, wlth 66% indicatln8 that they are 'very 5atlsfled' with the event they attended, and 78% 5aylng they arE'very likely, to Bttend another VM event In the future. RepÈ6t uttendgnce is much higher among event Quests thon omong regulor musetsm visltor5 {42% v5 8%). The mu5eum5 event survey5 show thut events ore un effective wuy to not only to oirroct new oudleftces, btstalso encouruge visitors to return to the museum. When asking event ottÈndtes how rhey thlnk the Museum contributes to the community. they stoted.. It wos my flrst time ottending the boDkclub and I was nervous about whut ro expect. hllhorlko welcoming rea55uring, she made meleel immediotely comfortoble in the spoce. She did o greut job olsupporting und guiding the group conversotion. ond set tJ reolly lovely eneroyfvr the event, 'Get)tle vlbe51 quietlycrafting wlth Ilkeminded Indlvlduals, great instructlonfrom thefrlendly octivityleudei, 'Busyi vibrontcommunity. 'Informotive ond educational Jndfvnll, 'You do such fantustic workll! I genulnefy wlsh I Ilved In London to get Involved with more ol your stuff.. DI itolActlvlries- In the period covered by this report, the Vè8ina Museum had s1x social rnedia channels.. Twitter, Facebook, Instagram. Mastodon. Bluesky and Linkedin. Ouring thls perlod, the Mu5evrn'5 social following had a total of $30,400 lover half a mlllionl. In 2025. hSehllghts have Included a vlral thread about pelvlc floor strength,, a major fundraISne catnp3iEn raising £60,000 In 48 hours,. and educational post5 setting the record straight about vaginal dllatlon. a topit where mlslnformatTon thrives due to its a550ciation with the transgender communlty. Volunteers: During this reporting period, volunteer numbers became mare stable follovAng the introduction of new policles and the annual GDPR cornpliance revlew. Following the GDPR compliance checks conducted in June 2024, 56 volunteer5 were removed from our record5 las stated in the prevlous report). A recruitment drive was carried out in Au8U5t 2024, re5ultlng In 35 new volunteers joinln8 the museum. Thls led to an average of 48 active volunteers on our records duringthis period. The next recrultment drive took place In August 2025. Due to Improved volunteer retentlon, On 11 new Voluntee were required.
VAGINA MUSEUM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30JUNE 2025 Fundraislng membershlp.. In the period covered, the Vagina Museum held an emergency crowdfunder to Stop from Closlng. Thls campaign exceeded expectstlons. reachlng Its goal of £60,000 In indivldu31 givlng wlrhln 48 hours of 8olng live. This c31npaign 15 onBoln8. wlth additlon31 match fundlng from a charitable foundation to be reparted In the n2xt annual report. To date. the fundraiser has raised £86.637, Irorn appruximately of 2,600 donors. The Vagina Museum's membership scheme Is prlced at £50 a year. Dr £6 a mtrnth. Members recelve 3 discount on events and in the gift shop excluslve members, events and frequent communication5 from the team. With the launch of Lip Service, members also receive a free digital download of the zine as an additional mernber5hip perk. WhllÈ the cost of living crisis contlnues to Impact members, resultinE in the cancellatlon of some memberships. the total nurnber of new tnembershlps at the end of the perlod covered by the report was 61. The total number of rnembers at the end of the period covered by thls report was 349. Press The Vèginè Museum was largely featured by Museum and Heritage, The Guardian, The Standard and Art Professionals, in ¢overage addressing the museum's emergency crowdfundÈr, the declslon to chan8e exhibit5on title5 in honour of the Mothers of Gynaecology, and the censorshlp and platform block5 the tnuspum has kted on dl8ltal platforms. Other press has also covered being one of the sexiest spaces in Europe to visit by Gay Cities and the BBH and Vagina Musèum's appeal campaign by Marketlng l Beat. Selected New5 Headlng5 Include.. i1in0 A4useurn renumes golleries in honourof Mothers of Gynaecolooy,. Museum & Heritage Evgrythlng you ever wontedto know t7boutvaginas... but were too ofrold to Google- The Guardlan iluglno fvluseum t7nd 8BH hij?rkfumfjus ortworkfor criticollunding drive- Marketing l Beat 6sexy experience5 to explortr In Europe- Gay Cities Flnandal revlew In the period cOrd, the chèrity's total income wa5 £268,02812024.. £258,4481. of which £35,923 wa5 re5trlcted12024.. ÉNILI. This year-on-year Increase In income is due to new grants and the consequent Sncrease of Dn-slte shop, events ticket5 and bar sales. Expendlture for the perlod Covered was £213.84512024.. £252,732> whKh retnained steady nDW the museum is settled into Irs new premises and exhibition5 have beEn created in previous years. The total fund5 carried lorward into the 2025-26 financial ypar ère £146,22412024.. £92,041). ResenspOIl(V The V38lnè Museum trustees decided to hold reserves at É35.000 which equates to 2 months expendlture. These reserves would be used if there wès not enough income to cover Èssentl31 overheads including stafflng rent, tsxes and bllls. The trustees considerthat thls policy remalns sufficient to the need5 01 the charlty. At the ypÈr end, the charity held unrestricted reserves lexcludlng fixed assets) of £111,43612024.. E79,0221, whlch is above the reserves pollty and amounts to 6 months operatin8 expenses. Plans foT future periods From July 2025, further development was carrled out to strengthen engagement with underserved comMunIe5. The museum delivered programtnlng as pèrt of South Asian Heritage Month and Bl3tk History Month as a step towards rn0 inclu5Ive representation, which wlll be report@d in the 2025-26 annual report. However. further work Is needed to ensure equitable eneagement across all areas ol the museum's work.
VAGINA MUSEUM TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2025 structyiei 8ovemance and management The Vagina Mus@um is a charltable incorporated organisatlon Iciol. its governing document is the foundation model constltutlan. The trustees who served during the year and up to the date of Signature of the linancial statements were.. L Venus IResigned 31 August 202SI C Mead C Bowler P Cohe J Joyce S Harman H Greenland S L Donlan P Barker H Stratton E Digbv (Appolnted 21 October 20241 (Appointed 21 Ortober 20241 (Appointed 21 October 20241 (Appolnted 21 October 20241 (Appolnted 21 Octtsber 20241 Recruitment Gnd oppointmentoltrusttes Tru5tee5 3re recrulted either through an open appllcatlon process by advertlsing on our website and relevant volunteerin job board5, or by headhuntlne In order to flll sklll gaps In the board. Applications are revlewed by the trustee board and charity stèff and suitable candidates invitÈd to interview with existing trustees. No one outside the truste@ board or stsff group particlpates In the selertion proces5. Relutedporties The Vaglna Museum has a tradlng subsldlary - Vertl¢81 Smlle Project Ltd Icompany number 108124431. Vertlcal Smlle Project Ltd is 3 company Ilmlted by shares and all share5 are owned by the Vagina Museum. Its reglstÈrÈd offite 15 275-276 Poy5er StreEt. London, E2 9RF. The tru5tee5' report W3s approved by the 803rd of Trustees. J Joyce Trn5tee Date.. -80 Iolkl 20,
VAGINA MUSEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VAGINA MUSEUM I report to the trustees on my examination of the financial statetnents of VaElna Museum (the charity) for the year ended 30 June 2025. Re5ponslbllllles and basls Df report As thÈ trusteÈs of the charity VOL* are respon51ble for the preparation of the flnanci31 ststements in accordance with the requirements ol the Charlties Act 2011. I report in respect of my exarnin3tlon of the ¢harity'S flnancial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions gwen by the Charlty Commlsslcn under section 14515llbl of the Charities Act 2DII. Independent examlner's statement Slnte the charlty's aross income exceeded £250,000, the independent examlner must be a member of a body listed in section 145 01 the Charities Act 2011. 1 confirm that l am qualified to undertake the exarnin3tion because l am a member of the Association ol Chartered Certlfied Accountsnts. which is one of the listed bodies. Your attentlon Is drawn to the fact that the charlty has prepared the lin4ncial statÈmÈnts In accordance wlth the relevant version of the Statement ol RÈ¢ommended Practice applicable to charities preparing their financial statÈrnÈnts In accordance wlth the Financial Reportin8 Standard applicable In the UK and Republlc of Ireland IFRS 1021 in preference to the Accounting and Reportlng by Charlties.. Statement ol Recornmended Practl£e issued on l April 2005 which is referred to in the extant regulations but ha5 now been withdrawn. l understsnd that this has been done in orderfor the flnanclal statements to provide a true 8t)d fairview in accordance with UK Generally Actepted Accounting Prartice. I have completed my e%amlnation. I confirm that no matters have come to my attentlon In connectlon with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charlty as qUIred bysection 130 of the CharitSes Att 2011. the financial Statements do not accord with those records,. or the Ilnanclal statements do not comply with the appllc4ble requlrements concerning the form and content of financial statements sei out In the Charitles (Accounts and Reports) Regulation5 2008 other than any requlrement that the financial staternent5 8ive a true and falr vlew, which is not 3 matter considered as part of an independent examination. I have no concerns and have tome across no other matters in connection wlth the eKHmlnatiort to whlch attentlon should be drawn in this report in order to enable a prtsper under5t3nding of the linancial statements to be reached. Emma Hou8hton FCCA Sedulo London Llmlled Office 605 Albert House 256- 260 Old Street London ECIV 9DD Unlted Kingdom Date.. ..&Q.Apr22fj 10
VAGINA MUSEUM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30JUNE 2025 Unrestrlcted lunds 2025 Restrlcted fund5 2025 Total Ut)restrlcted funds 2024 2025 Notes Intome from.. Donations and legacles Charitable activities 188,844 43.261 35,923 224,767 43,261 213.896 44,552 Total In¢ome 232,105 35,923 268.028 258,448 Expenditure on.. Raising fund5 Charitable actlvitie5 21,060 181,592 21,060 192.785 21,313 231,419 11,193 Totsl expendbture 202,652 11,193 213,845 252,732 Net Income and movement In lunds 29,453 24.730 54.183 5,716 Reconciliation of funds: Fund balance5 at l July 2024 92,041 92.041 86.325 Fund balances at 30 June 2025 121,494 24,730 146,224 92,041 The Statement of flnancial activlties Intludes all galns and losse5 recoEnlSed In the year. All income and expenditure derive from continuing activltles.
VAGINA MUSEUM BALANCE SHEET A5 AT30 JUNE 2025 2025 2024 Notes Flxed assets Tangible assets io 10,058 13,019 Current a55ets Debtor5 Cash at bank and in hand li 72.304 72,352 44,867 39.467 144.656 18.4901 84,334 15.3121 Creditors.. amount5 fallinE due wlthln one year 12 Net ¢uirent assets 136,166 79.022 Total assets less current Ilabllltie5 146.224 92.041 The funds of the charlty Restr*cted Income funrJs Unrestrlcted funds 13 14 24.730 121,494 92,041 146.224 92,041 The financi31 statements were approved by the trustee5 On. J JOYCÈ Trustee 12
VAGINAMUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Atcountlng poll¢les Charlty Infomiatlon Vagina Museum is a Charitable Incorporated OrEanisation. 1.1 Accountlng conventlon The financial Statements have been preparefl in accordance with the charity's governing document, the Charlties Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republlt of Ireland" and the Charitie5 SORP 'Accounting and Reporting by Charities.. Statement of Retommended Practice applicable to charltie5 preparinE their accounts In accordance with the Financial Reporting Stand3rd applicable in the UK and Republlc of Ireland IFR5 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage ol the provlslons In the SORP forcharities not to prepare a statement of cash flows. The flnanclal 5tatement5 have departed from the Charitie5 (Accounts and Reports) Regulations 2008 Only to the extenr required to provide a true and fair view. This depaiture has involved following the Statement of RecommÈndÈd Pr3CtSce lor charities applyin8 FRS 102 rather thèn the verslon of the Statement of Recommtrnded PractSce which is felerred to in the Regulations but which has slnce been wlthdrawn. The financlal statèments are ppared in sterlSn& which Is the functional currency of the charity. Monetary amounts in these linanclal 5tstefflents are rounded to the nearest £. The financial 5taternent5 have been prepared under the historical cost conventlon. Ihe prlntlpal actountlng polltles adopted are set out below. 1.2 Golng concern At thÈ tirne of appro¥Ang the financlal statement5, the trustees have a reasonable eKpectation that the tharlty has adequate resources to continue In operètional existence for the foreseeable future. Thus the trustees tontlnue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 CharltablÈ funds Unrestrlcted funds are avallable for use at the dlscrÈtlon of the trustees In furthÈran¢e of thelr charitable oblectlves. RestrScted fund5 are subject to specific £ondition5 by donor5 or grantors a5 to how they may be used. The purposes and U5e5 01 the restricted funds are set out in the notes to the financial statements. 1.4 Income Income 15 recogni5ed when the charity is le8ally entitled to it alter any performance condltlons have been met, the amounts can be measured reliably, and it is probable that income will be recelved. Cash donatlons are recognised on receipt. Other donations are recognised once the charlty has been notlfied of the don3tlon, unless performance condIton5 requlre deferral of the amount. Income tax retaverable In relatlon to donattons received under Gift Ald or deeds of covenant Is recosnlsed at thÉ tlmÈ of the donation. Membershlp svb5crlptlon5 are recognised on a monthly basis a5 they fall due. 13-
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 A¢cibutln8 polltles Icontinuedl 1.5 Expendlture Expenditure Is recognlsed once there is a legal or constructlve obligation to transfer econotpic benÈfit to a third party, It Is probable that a transfer of economic beneflts will be requlred In settlement, 2nd the amount of the obligation can b mÈasured rellat>ly. Expenditure is classllied by actfvlty, The costs of eath activity are made up of the total of direct Costs and shared tosts. including support costs involved In undertaklnE each attlvlty. DSrect costs attrlbutable to a slngle actlvlty are allocated directly to thèt activity. Shared costs whlch contribute to rnore than one acrivity and support Costs which are not attributable to a Single actlvlty ère apportloned between those activitie5 on a ba515 COn515tent wlth the use ol resources. Central staff costs are allocated on the basis of time spent, and depreclatlon charges are allocated on the portion of the Sset'5 Use. 1.6 Tanglble flxed asset5 Tangible fixed 355ets are Inltlally measured at cost and subsequently measured Ht C05t or valuatlon. net of depreciattoTh and any impairrnent1055e5. Depreciation is recognlsed so a5 to write off the cosr or valuation of assets less their re51dual value5 over thelr useful Ilves the followlng bases.. Fixtures and fittings CompLrters 20% strai8ht line 25% stralght line The galn or loss arising on the disposal of an asset Is determined as the difference between the 5412 proceeds and thE carrylng value ol the asset. and is recognised in the 5tstement of finèncial attivities. 1.7 Impalrment ol flxed assets At each reporting end date, the charity review5 the tarrying amounts of its tangible assets to determine whether there Is any Indlcatlon that those a55et5 have suffered an Impalrment loss. If any such indlcation exlsts, the recoverable amount of the asset is estimated Sn order to determine the extent of the impairment105s lil any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with bank5, Other short-term liquld investments wlth origlnal maturities of three months or ltrss, and bank overdrafts. Bank overdraft5 are shown wlthln borrowlttgs In 1.9 FinanE431 Instrumets The charlty has elected to apply the provlslons of Sectlon 11 'Basic FSnancial Instruments, and Section 12 '0ther Flnanclal Instruments Issues, ol FRS 102 to all of Its flnancl31 Instruments. Financial instruments are recognlsed In the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial asset5 and Ilablllties are offset, with the net amounts presented In the finantlal statements. when there is legally enforceable right to Set off the reco8nised amounts and there is an intention to settle on a net basls or to reallse the èsset and settle the liability simultaneouslv. 14-
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Ac¢ountln% pallcle5 Icontinuedl Oslcllnanclalussets Basic financlal assets, which Include debtors and cash and b3nk balan5, are Initially measured at transaction price includlng transactlon costs and are 5ub5equently carrled at afllOrt15eLf cost using the effective interest method unless the arrangernent con5titute5 4 financing tr3nsaction, where the transaction is measuied at the present value of the future receipts discounted at a market rate of interest. Flnancial assets classlfled as receivable within one year are not mortised. 8uskflnt7nrlul Ilobllltles Basic finantial liabilitie5. including creditor5 and bank loans are initially recognised at transaction prite unle55 the arrangement con5tltutes a financing transaction, where the debt instrument is mÈasured at the present value of the future payments dlscounted at a market rate of Interesr. Financlal Ilabllltles classlfled as p8yable wlthln Ohe year ère not amortised. Debt Instruments are 5ulisequently£arried at amortised cost, usinB the Èffectlve Interest rate methad. Trade creditors are obliEations to pay for goods or services that have been acqulred in the ordinary course of operations from suppllers. Amounts payablÉ are classlfled as current1I3bllltles if payment is due within one year or less. If not, thev are presented as non-iurrent liabilitie5, Trade credltors are recognised inltially 3t transactlon prfce and subsequentlv measured at aTnort15ed c05t Using the effective interest method. Derecognition ojfinuncial liobilities Financizl lizbilities ère dereco8nised when the charity's £ontrattual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period In whlch the employee's servlces are received. Termination benefits are recognised Immedlately as an expense when the charity 15 demonstrably committed ta terminate the employment of an employee or to provlde terffllnatlon benefits. 1.11 Ret1ment benefils Payments to defined contribution retlrement benefit schemes are ¢hèrged as an expense as they fall due. 1.12 Leases Renta15 payable under operatlng leases, Includlng any lease Incentlves recelved, arÈ tharged as an e¥pen5e on a straight line basis over the term of the relevant lease. Income from donatlons and legacles Unrestrlcted fund5 2025 Restrlcted tund5 2025 Total Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2025 2024 Don3tlDn5 and 8ifts Grants 146.844 146.844 35.923 42,000 115,583 55,000 43,313 115,583 55,000 43,313 35,923 Donated goods and services 42,000 188,844 35.923 224.767 213,896 213,896 15-
VAGINA MUSEUM NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE 2025 Income from donatlons and legacles IContlnLtedl The donated EoDds and sÈrvices for rhe year relates to the rent pald by Vertical Smile Project Ltd Iwholly owned subsidiaryl under the joint lease agreempnt, bul the c05t has not been passed onto the charity. Ineome from charitable activitie5 Unrestricted funds 2025 Unrestrltted funds 2024 Membershlps Membership sale5 13.550 14.471 Exhlbltlon and events Exhibition and event5 sale5 Museum5 and Eallerles exhibltion rellef 18.427 11.284 30.081 43,261 44,552 Expendlture on ralslng fund5 Unrestricted fund5 2025 unrestricted funds ZOZ4 Fundralslng and publl¢MI Staff tosts 21,060 21,313 16
VAGINAMUSEUM NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30JUNE 2025 Expendlture on chailtable actlvltles Exhibltion and Exhibllion and events events 2025 2024 Direct costs Staff costs Free13nce c05t5 Exhibition costs Volunteer costs Event costs 120,474 7.100 6.160 741 1.293 118,898 7,533 24,357 624 17.606 135.768 169.018 Share of support and governance costs (see note 61 Support Governance 52,937 4.080 59,453 2,938 192,785 231,419 An8lysls by fund Unrestricted funds Re5trlcted funds 18L,592 11,193 231,419 192,785 231.419 Support costs allated to attlvltle5 2025 2024 Depreclatlon Rent and rate5 @ènk charges Insurance Computer costs Travel and 5ub515tence Office costs Training costs AdvertlsSDg and marketing Consultlng Governance costs 2,961 44,008 1,216 2,319 786 530 2,628 46.284 1.217 2,299 980 482 912 396 113 1,781 I,D82 1.798 2.938 4,080 57.017 62.401 Analysed between: Exhlbillon and events 57,017 62,401 17-
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30JUNE 2025 Svpport costs allocated to actlvltles Icontlnuedl 2025 2024 Governance costs comprise: Accountan¢v Le8al and professional 4,080 2,280 658 4,080 2,938 Trustees None of the trustees lor any persons connected wlth them) 1Ved any remuneration or benefhs from the charity during the current and prevlous year. Employees The average monthly nurnber of employee5 durlng the year wa5.. 2025 2024 Number Number 13 16 Émployment costs 2025 2024 Wages and Salaries Soc181 seturfty costs other penslon CDSts 128,970 9.723 2.841 136,5S3 903 2,74S 141,534 140,211 There were no employee5 whose annual remuneratlon was rn0 than £60,000. Remuneratlon of key management personnel The remuneration of key m3n3gernent per50nnÉl was as follows- 2025 2024 Aggregate totnpensatittn 48.929 80,502 The Key Management Personnel of the charity are tonsidered to be the Trustees (who are not remunerated) and the Chief Executive OffKerlMuseum Director Iwho are remunerated). 18-
VAGINA MUSEUM NOTES TOTHE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Toxailvn The chailty is exempt from taxatlon on Its actlvitles because all its Income is applied for charltable purposes but due to the nature of the charity, it Is ellglble for Museums and Galleries Exhibltion Tax Relief. 10 Tanglble flxed ¥55et5 FIxire5 and itln Computers Total Cost At I July 2024 19,549 586 20,135 At 30 June 2025 19,549 586 20,135 Depreclatlon and Impolrment At I july 2024 Depreciation charged in the year 6,530 2,961 586 7,116 2,961 At 30 June 2025 9,491 586 10,077 Carrying amount At 30 June 2025 10,058 10,058 At 30 June 2024 13.019 13.019 11 Debtor5 2025 2024 Amounts fallln8 due wlthln one year.. Trade debtor5 Corporatlon tax recoverable other debtors Prepayments and accrued income 252 11,284 60,496 272 25,120 19,518 229 72,304 44,867 19-
VAGINA MUSEUM NOTES TO THE FINANCIALSTATEMENTS {CONTINUED) FOR THE YEAR ENDED 30JUNE2025 Iz Cyedltors.. amounts fallln6 due wlthln one Year 2025 2024 Other taxation and social security Trade credltors other creditors Accruzls and deferred income 3,728 82 780 3,900 1.719 847 646 2,100 8.490 5,312 13 Restricted fLrnd5 The restrlcted funds of the charlty comprlse the unexpended balances of donatlons and grants held on trust subject to specific conditlons by donors as to how they may be used. At l July 2024 Incomlng resourtes Resources At 30 June 2025 expended Arts Council England Universlty of Sussex William Kessler Charitable Trust 26,923 3.ODD 6.000 12,1931 13.(KioI I6.0) 24,730 35,923 111.1931 24,730 14 Unresirlcted funds The unrestricted funds of the charity comprise the unexpended balance5 of donations and gr3nts which are not subject to specific conditions bydonors and grantors ès to how they may be used. These include designated funds which have been set aside out ol nStrIdd funds by thÈ trustees for specific purposes. At l July 2024 Incomlng re$our¢es Resources At 30June ZOZ5 expended General funds 92,041 232,105 1202,6521 121,494 Pievkjus year: At l Juty 2023 Incomln8 resources Resources At 30 June 2024 expended General funds 86,325 258,448 1252,7321 92,041 20-
VAGINA MUSEUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 IS Analysls of net assets between lunds Unrestrl¢ted funds 2025 Restrlcted fund5 20Z5 Total 2025 At 30 June 2025.. Tangible asset5 10,058 111,436 10,05S 136.166 24,730 121,494 24.730 146,224 Uhrestricted funds 2024 RestrTCted fund$ 2024 Total Z024 At 30 June 2024.. TanÉible 2sset5 13,019 79,022 13,019 79,022 92,041 g2,041 16 Operatlng leas¢ Commltments Lessee At the reporring Ènd datÈ the charlty had outstandlng commStmenrs for future mlrtimum lease payments under non- tancellable operatlng leases, which fall due as follows.. 2025 2024 Within one year Between two and live years 70.0(K> 17.5LK) 70.000 87.SOO 87,500 157,500 On 29 September 2023, the charity entered into è joint lease arrangement wlth Vertical Smlle Project Ltd Iwholly owned subsldlaryl for 3 period of 6 year5 wlth a break date after 3 years. Both partSes OCCUPY the Space. 17 Related party transacllon$ During 2024. the charity recharged salary costs to Vertic31 Smile Project Ltd (wholly owned subsidiary) totèllin8 £21,202 which remained unpaid at the 2025 year end. During 2025. an additional recharge of £21.276 was made and also remained outst3nding at tho year end. This Is included in othEr d2btors wlth an am0t af £18,01812024.. £19,518) owlng from Vertlc31 Smlle Project Ltd in relation to an intercompany loan balance. 21