Registered Charity Number :- 1196658 ## TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR END 31 July 2023 ## MOBILE PHONE MUSEUM **Ocean Accounts 71 Queensway Hayle Cornwall TR27 4LD** ## **MOBILE PHONE MUSEUM** ## **CONTENTS** ## **MPM** FOR THE YEAR ENDED 31 July 2023 TRUSTEES' REPORT ............................................................................................................................................................. 3 INDEPENDENT EXAMINER'S REPORT ............................................................................................................................6 STATEMENT OF FINANCIAL ACTIVITIES .............................................................................................................................. 7 BALANCE SHEET ................................................................................................................................................................. 8 NOTES TO THE FINANCIAL STATEMENTS ........................................................................................................................... 9 **MOBILE PHONE MUSEUM** **MPM** **TRUSTEES' REPORT** FOR THE YEAR ENDED 31 July 2023 The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** The objective of the Charity is to safeguard an extensive collection of mobile phones comprising over 2750 unique devices. These are made available to the public via our global website (www.mobilephonemuseum.com) and through in-person exhibitions and showcases. We also have an educational mission offering workshops for primary schools to educate young people on the evolution of technology and inspire them to think about engineering and design. ## **Significant Activities** We have two primary focus areas, growing our collection and sharing it via our website and other activities, and our educational efforts.The website is regularly updated with new devices which have been donated or acquired by the museum. New devices are photographed and descriptions are prepared. Our schools activities are centred on volunteers visiting schools and using our extensive collection to provide educational workshops for children. ## **Public Benefit** We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planning activities will contribute to those aims and objectives. The Charity is a not-for-profit organisation set up to safeguard iconic devices that have been developed over the past 40 years as mobile phone technology has developed. We provide a free online repository providing imagery and information about all the devices in our collection. We also support schools and youth groups by offering workshops sharing insights into the development of technology. Our goal is to inspire the next generation of engineers and designers through using the archive of devices we own. Additionally, we regularly help members of the public who contact us with questions about mobile phones and the history of connected technology. ## **ACHIEVEMENT AND PERFORMANCE** During the year we added at least 200 new devices to the collection. This was through a combination of donations and acquisitions. We have worked diligently to try and get more devices in the collection photographed and added to the website. Studio photography is one of our biggest financial commitments so this has to be done with care in order not to deplete our financial reserves. We created a new workshop for our education sessions for keystage two pupils which was well received. We have also invested in our website to improve its accessibility, including the ability to zoom into the images of the key devices we are showcasing. **MOBILE PHONE MUSEUM** **MPM** **TRUSTEES' REPORT** FOR THE YEAR ENDED 31 July 2023 ## **FINANCIAL REVIEW** ## **Financial Position** The attached financial statements show the current state of the finances. The surplus for the year is £16,180 (2022: £9,569 surplus). Total funds of the charity are unrestricted reserves and show a surplus of £37,257 (2022:£21,076 surplus). ## **Reserves Policy** We are fortunate to have a multi-year sponsorship agreement in place with Vodafone UK which more than covers our annual costs. Our goal is to have at least £20,000 in reserve which would allow the charity to continue running for at least three years should we be unable to secure funding in the future. ## **FUTURE PLANS** In November 2023 we plan to open our first in-person exhibition in partnership with the PK Porthcurno Museum of Communications in Cornwall. This is a major undertaking for the charity and will require extensive work to plan the curation of the exhibition. We will be providing all the assets for the showcase including approximately 100 of our most unique devices, a display case and other items relevant to the planned displays. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The Charity is a charitable company, limited by guarantee, incorporated on 19 July 2020 and registered as a charity with the Charity Commission of England and Wales on 18 November 2021. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. ## **Recruitment and Appointment of New Trustees** At its incorporation in July 2020 the charity had six trustees/directors. These trustees continue to lead the charity. The Articles of Association require a board of three or more trustees who manage the charity. As stated above, we currently have six board members. Regular board meetings are held to discuss the activities of the charity, review the financial position and agree future plans. The trustees are consulted and kept fully informed of the charity's financial situation at these regular meetings, and their approval is sought and obtained for all major decisions including budgeting and expenditure. The Trustees regularly examine the charity's reserves and confirm they have sufficient free reserves to sustain future operations. ## **Organisational Structure** The Mobile Phone Museum charity is managed by the trustees with the support of an administrator who works four hours per week managing various aspects of the charities operations. ## **Risk Management** The trustees have a risk management strategy which comprises of an annual review to discuss those risks identified and plan procedures to minimise any potential impact on the charity should those risks materialise. **MOBILE PHONE MUSEUM** **MPM** **TRUSTEES' REPORT** FOR THE YEAR ENDED 31 July 2023 ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1196658 ## **Principal address** Winckworth Sherwood Llp 2 Chawley Park Cumnor Hill OXFORD OX2 9GG ## **Trustees** Mr B R Wood Mr M K Rowlatt Mr M Walker Mr M J S Chatterley Mr W O Wood Mr S M Masters ## **Independent Examiner** Gabrielle Hume-Rothery MAAT Ocean Accounts 71 Queensway Hayle Cornwall TR27 4NL ## **Solicitors** Winkworth Sherwood LLP 2 Chawley Park Cumnor Hill OXFORD OX2 9GG Approved by order of the board of trustees on ............................................. and signed on its behalf by: M Walker 29 May 2024 .............................................................................. Mr M Walker - Trustee B R Wood 29 May 2024 .............................................................................. Mr B R Wood - Trustee **MOBILE PHONE MUSEUM** **MPM** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 31 July 2023 ## **Independent examiner's report to the trustees of Mobile Phone Museum** I report to the trustees on my examination of the accounts of the Company for the year ended 31 July 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company you are responsible for the 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 Trust’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 examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 1. the accounting records were not kept in accordance with section 130 of the Charities Act; or 2. the accounts did not accord with the accounting records; or 3. the accounts did not comply with the applicable requirements concerning the form and content of 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. 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. Gabrielle Hume-Rothery MAAT Ocean Accounts 71 Queensway Hayle TR27 4NL Date: 28.05.2024 **MOBILE PHONE MUSEUM** **MPM** **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 31 July 2023 |**Recommended categories by**
**activity**
**Notes**
**Incoming resources**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activities
3
Investments
4
**Total**
**Resources expended**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total**
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Net movement in funds**
Reconciliation of funds:
Total funds brought forward
**Total funds carried forward**|**Unrestricted Funds**
**£**
**Total Funds 2023**
**£**
**Total Funds 2022**
**£**
2,958.25
2,958.25
2,914.87
33,802.59
33,802.59
32,000.00
140.48
140.48
3.42| |---|---| ||**36,901.32**
**36,901.32**
**34,918.29**| ||3,150.00
3,150.00
3,782.00
17,571.05
17,571.05
21,567.79| ||**20,721.05**
**20,721.05**
**25,349.79**| ||**16,180.27**
**16,180.27**
**9,568.50**
**16,180.27**
**16,180.27**
**9,568.50**| ||**16,180.27**
**16,180.27**
**9,568.50**
21,076.42
21,076.42
21,076.42
**37,256.69**
**37,256.69**
**30,644.92**| **MOBILE PHONE MUSEUM** **MPM** **BALANCE SHEET** FOR THE YEAR ENDED 31 July 2023 |**Recommended categories by**
**activity**
**Notes**
Current assets
Stocks
Cash at bank and in hand
9
**Total current assets**
Creditors: amounts falling due
within one year
10
**Net current**
**assets/(liabilities)**
**Total assets less current**
**liabilities**
Creditors: amounts falling due
after one year
11
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
12
Restricted income funds
12
Endowment funds
12
**Total funds**|**Unrestricted Funds**
**£**
**Total Funds 2023**
**£**
**Total Funds 2022**
**£**
10,107.55
10,107.55
7,930.52
44,048.36
44,048.36
30,307.40
**54,155.91**
**54,155.91**
**38,237.92**
1,823.00
1,823.00
1,593.00
**52,332.91**
**52,332.91**
**36,644.92**| |---|---| ||**52,332.91**
**52,332.91**
**36,644.92**| ||-
-
6,000.00| ||**52,332.91**
**52,332.91**
**30,644.92**| ||37,256.69
37,256.69
21,076.42
-
-
-
-
**37,256.69**
**37,256.69**
**21,076.42**| The financial statements were approved by the Board on 28-May-2024 and signed on its behalf by: B R Wood M Walker B R Wood - Trustee M Walker - Trustee 29 May 2024 29 May 2024 **MOBILE PHONE MUSEUM** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **1 Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **Income** Income is derived mainly from 'Other trading activities' which consists of sponsorship income. All income is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the bank. ## **Expenditure** Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis. Direct costs are those costs which directly attribute to its activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. **MOBILE PHONE MUSEUM** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 Supports costs are those that assist the work of the charity but do not directly represent charitable activities and include establishment costs, office costs, and sundry expenses. They are incurred directly in support of the expenditure on the objects of the charity and mainly allocated to 'Expenditure on raising funds'. Governance costs are those items of expenditure incurred in the course of the charity's statutory obligations and stewardship rather than directly to the activities themselves. They include the cost of independent examination and costs linked to the strategic management of the charity. ## **Taxation** The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year. ## **Creditors** The charity has creditors which are measured at settlement amounts less any trade discounts. ## **Fund accounting** Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. ## **Stocks** Stocks held for sale as part of non-charitable trade are measured at the lower cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. **MOBILE PHONE MUSEUM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **MPM** ## **2 Income from Donations and Legacies** |**Analysis**
Donation and gifts|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2023**
**Total funds**
**2022**
**£**
**£**
**£**
**£**
**£**
2,958.25
-
-
2,958.25
2,914.87
2,958.25
-
-
2,958.25
2,914.87| |---|---| Income from donations and legacies consists of monies received from general donations and fundraising activities. ## **3 Income from Other Trading Activities** |**Analysis**
Photo Royalties
Sponsorship|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2023**
**Total funds**
**2022**
**£**
**£**
**£**
**£**
**£**
602.59
-
-
602.59
-
33,200.00
-
-
33,200.00
32,000.00
33,802.59
-
-
33,802.59
32,000.00| |---|---| **MOBILE PHONE MUSEUM** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **4 Income from Investments** |**Analysis**
Interest income|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2023**
**Total funds**
**2022**
**£**
**£**
**£**
**£**
**£**
140.48
-
-
140.48
3.42
140.48
-
-
140.48
3.42| |---|---| Deposit Account Interest ## **5 Expenditure on Raising Funds** |**Analysis**
Support Costs|**Total funds 2023**
**Total funds 2022**
**£**
**£**
8,896.97
9,727.58
8,896.97
9,727.58| |---|---| ## **6 Expenditure on Charitable Activities** |**Analysis**
Support Costs|**Total funds 2023**
**Total funds 2022**
**£**
**£**
11,824.08
15,622.21
11,824.08
15,622.21| |---|---| **MOBILE PHONE MUSEUM** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **7 Support Costs** |**Analysis**
Insurance
Travelling
Administration
Printing and Stationery
Website and Domain Costs
Sundry Expenses
Promotions & Exhibitions
Other Establishment Costs
**Governance Costs**
Legal Fees
Accountants Fees|**Total funds 2023**
**Total funds 2022**
**£**
**£**
887.77
881.05
763.86
487.67
1,040.00
520.00
89.50
36.04
4,859.69
7,400.96
864.66
268.52
7,621.73
10,715.52
1,443.84
1,258.03
2,400.00
2,972.00
750.00
810.00
**20,721.05**
**25,349.79**| |---|---| Included in governance costs is £750 relating to fees payable for the independent examination of the financial statements. ## **8 Details of certain Items of Expenditure** This year Last year £ £ **Independent examiner’s fees** 750.00 0 **MOBILE PHONE MUSEUM** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **9 Cash at bank and in hand** |Short term deposits
Cash at bank and in hand|**Total funds 2023**
**Total funds 2022**
**£**
**£**
23,400.85
29,794.11
20,647.51
513.29
44,048.36
30,307.40| |---|---| ## **10 Creditors: Amounts falling due within one year** |Accruals and deferred income|**Total funds 2023**
**Total funds 2022**
**£**
**£**
1,823.00
1,593.00
1,823.00
1,593.00| |---|---| ## **11 Creditors: Amounts falling due after one year** |Other creditors|**Total funds 2023**
**Total funds 2022**
**£**
**£**
-
6,000.00
-
6,000.00| |---|---| ## **12 Charity funds** ## **12.1 Details of material funds held and movements during the CURRENT reporting period** |**Fund names**
**Unrestricted funds**
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**| |---|---| ||21,076.42
36,901.32
(20,721.05)
-
-
37,256.69
21,076.42
36,901.32
(20,721.05)
-
-
37,256.69| **MOBILE PHONE MUSEUM** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 July 2023 ## **MPM** ## **12.2 Details of material funds held and movements during the PREVIOUS reporting period** |**Fund names**
**Unrestricted funds**|**Fund balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**| |---|---| ||21,076.42
-
-
-
-
21,076.42
21,076.42
-
-
-
-
21,076.42| |**Total**|| ## **13 Transactions with trustees and related parties** ## **13.1 Trustee remuneration and benefits** **This year** **None of the trustees have been paid any remuneration or received any other benefits from an True employment with their charity or a related entity (True or False)** **Last year** **None of the trustees have been paid any remuneration or received any other benefits from an True employment with their charity or a related entity (True or False)** ## **13.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter 'False'.**_ |**No trustee expenses have been incurred (True or False)**||**False**| |---|---|---| |**Type of expenses reimbursed**|**Thisyear**|| ||**£**|| |**Travel**|763|| |**Total**|763|| |**Please provide the number of trustees reimbursed for expenses or**
**who had expenses paid by the charity**||| ||**1**|| ## **13.3 Transaction(s) with related parties** **MPM** **NOTES TO THE FINANCIAL STATEMENTS** ## **MOBILE PHONE MUSEUM** FOR THE YEAR ENDED 31 July 2023 _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter true in the box provided.**_ |**This year**|| |---|---| |**There have been no related party transactions in the reporting period (True or False)**|**True**| |**Last year**|| |**There have been no related party transactions in the reporting period (True or False)**|**True**| **Issuer** Ocean Accounts **Document generated** Wed, 29th May 2024 7:42:34 UTC **Document fingerprint** f5f6b035c77a981a10ff6fab88a169db ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 29th May 2024 12:14:03 UTC Mr Michael Walker - Signer (8d3f82b7abde2e9c177c2597256bab7c) Wed, 29th May 2024 12:59:21 UTC Mr Benjamin Robert Wood - Signer (f50745089e18f97077d2b7bef52439b8) **Audit history log Date Action** Wed, 29th May 2024 12:59:22 UTC Mr Benjamin Robert Wood viewed the envelope (148.252.141.247) Wed, 29th May 2024 12:59:21 UTC This envelope has been signed by all parties (148.252.141.247) Wed, 29th May 2024 12:59:21 UTC Mr Benjamin Robert Wood signed the envelope (148.252.141.247) Wed, 29th May 2024 12:55:33 UTC Mr Benjamin Robert Wood viewed the envelope (148.252.141.247) Wed, 29th May 2024 12:14:04 UTC Document emailed to party email (3.8.173.1) Wed, 29th May 2024 12:14:04 UTC Mr Michael Walker viewed the envelope (81.135.80.175) Wed, 29th May 2024 12:14:03 UTC Sent the envelope to Mr Benjamin Robert Wood for signing (81.135.80.175) Wed, 29th May 2024 12:14:03 UTC Mr Michael Walker signed the envelope (81.135.80.175) Wed, 29th May 2024 12:12:32 UTC Mr Michael Walker viewed the envelope (81.135.80.175) Wed, 29th May 2024 7:42:45 UTC Document emailed to party email (13.40.44.199) Wed, 29th May 2024 7:42:36 UTC Sent the envelope to Mr Michael Walker for signing. (3.8.101.58) Wed, 29th May 2024 7:42:36 UTC Mr Benjamin Robert Wood has been assigned to this envelope. (3.8.101.58) Wed, 29th May 2024 7:42:36 UTC Mr Michael Walker has been assigned to this envelope. (3.8.101.58) Wed, 29th May 2024 7:42:36 UTC Envelope generated. (3.8.101.58) Wed, 29th May 2024 7:42:36 UTC Document generated with fingerprint f5f6b035c77a981a10ff6fab88a169db. (3.8.101.58) Wed, 29th May 2024 7:42:34 UTC Envelope generated with fingerprint f20af6d19554f76229bca61749440a5f (35.176.231.177)