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2024-03-31-accounts

THE ￿1cFsTER MUSEUM 31 SFB GROUP LIMITED UNIT 8 OAK sP￿NEy PARK RATBY LAF4E LEICESTER FOREST EAST LEICESTER

THE LEICESTER MUSEUMS AIW GALLERIES DEVELOPMENT TRUST cHAR￿y NUMBER: 1199639 Full Ch*rfty name The Leicestu museu￿ and Galleries Dryelopment Tn Mr William Micba¢l Gild￿8 (Cbrrir) Ms. Ella Josephine Joyce Ms. Rita Bullivallt . Sally Houo AdmlJtstratlv¢ Offi¢er Mr Arn BIAd¢n City Hall 115 Charles Street L¢icester LEI IFZ CAF Bank Ltd 25 Kings Hill Avenue Kings Hili West Malling Kent E194JQ

THE LEICESTER MUSEUMS AND GALLERIES DEVELOPMENT TRUST ANNUAL REPORT YL4R ENDED 31 MARCH 2014 The Tn￿ is a charitable inco4)orated orgaDisation {C.l.O.) re￿ on 13 July 2022 with the Chwity Conjmission {undry no. 1199639) and the Re8istrar of Companies (UDd¢r no. CE029697). and ￿quired tbe ass¢ts. liabilities And activities of The City of Leicester museu￿ Trust (no. 0527876) on 31 March 2023. The (Kkly votin8 mcmkn of the C.LO. are the CI￿lty Trustees. ObJe¢ts The obi¢¢t of the Tntst is to 8UPPOrt the purch&se of works and the development of 8ervic¢s that are of educa¢ionaL ￿1¢nIlfiC, artistic or culturnl interest for th¢ b¢n¢fit of the inbabit&nts of the City of Leicester. Such works are presented to and su¢h services delivered to the Leicester City Art8 and museu￿ Service or such other ch￿Itable bodies and publicly fimd¢d Museull￿ may be decided by the Charity Tnth fll) time to time for addition to the city's Public collectio￿8. Funds are raised througb donatio￿￿, bequests and The Trust has p)wer ts do anything vknich is calculated to further its obj'ects or is condu81￿ or incidelltsl to doing so. PerformaD¢e There wffe ¢banges of appointrnent on the board of Thth¢¢s. Eklling the year, L¢icest¢r City Council Administration afyl B￿]D￿S Support Officer Arran Blad¢n provided administralive 5UPF￿rt to the Tnjst. Our main focus this financial year bas been to e8tsblish an online presence with a website vkni¢h would enable mcmbers of th¢ public to doDth dircctty lo the Tn￿t. whilst also raising our proffle ond pUryX￿. The dom name of ]mgdt.co.uk was ¢I￿le￿ The Trust appointed the services of the welth¢lopment and marketitig J¢tpack market￿ to assist in de￿lOpIng a websi for the Tn￿t using th¢ W¢bFlow Web1￿StIllg framework. The initial websifr would be structured as a single page, with the ￿tentIal to expand colltent with ditional pages in the fukn. An essential feotUTe of the page would incorpornte a secure di)natio# facility utilising the CAF Donate setvi¢¢ wovided by our bth CAF Bank. This fi￿CtIOnal￿ would also ¢nabl¢ OiftAid to be claimed willing public donor4 aDd clairned on our behalf by CAF. During tbis pffiod the devekyment of the webpag¢B w¢r¢ started a launth date of July 2024. The Trt￿t were not 4wached by the Licester City Arts and MuseutDS Service for any purchase proposals The Tn￿t coniinued our QDgoing support of sponsoring prize5 foT the 34 anDual Opth Art Exhibition, hcld at Lei¢¢ster Museum and Art Gallery in December 2023. The Priz￿ totailed £400 were awarded ID One Adult and three Children's age related ¢l&qses. The winners of this year's awardg w¢re: Adult Prize- Katerina L￿0va-.AUIun1ll Sun". prize £250 Ag¢ 1&18 category- Joseph Mitch¢ll-"Lloyd8 banK Loughborough". pri7e £75 Age 11-15 category- Thea Addison-Smith- Trst FTiend", prize £50 Age 5-10 category- Holli$ B¢rtie B]ackwell-"Z4)mbie Land-. prize £25

THE LEJCESIIR MUSEUMS AfiD GAILERJIS DEVELOPME￿ TRUST Af4NUAL REPORT YEAR ENDED 31 MARCH 2•24 ststemejrt of tr￿. r•8pon8ibllitiei Thc ttUStetS are responsibl¢ for preparing th¢ Tn￿e￿, Report and the financial statements in accordance with applicable law and United Kingdom A¢couDting Standards (United Kingdom Generally Accepted Accounting P￿tIce). The law appli￿ble to charities ID England & Wales requires the tr￿$ttts to prepAre 5t8tements for ¢a¢h financial y¢8r whith giv¢ a tru¢ and fair ￿eW of the state of affairs of the charity and of the incoming resou￿ and application of fftqoutces of the clwity for tI￿t perioÉL JD preparitig these fin￿￿la1 statemen the trus¢ee8 ar¢ r￿UlE¢d to.. Select suitabk accounting ￿li¢le& and tben apply them consistcntlyg ob8¢ryc th¢ m¢thods ond principks in the C]wities SORP. 0 8t8te whethtt applicable accounting standgrds knv¢ been follorf sllbie£tto any rnatu1￿ dqMTths assumed by tbe successor TntsL Thc tsiJ8te¢s are r¢sW￿1b1¢ for keeping am)witing records that disclose with reasonable accuracy al anytime the finon¢ial wsition of the charity and enable them to ensure that the financial ￿￿ethe￿ts comply with the Chariti¢s Act 2011. th¢ Cjwity (Accounts and Reports) Regulations 2008 aud the C.l.O. Cotistltirtioti. They aTe atso respo1￿11)￿ for safeguarding th¢ assets of the clwity and hence for taling reasothle step8 for the pr¢v¢ntion and detection of fraud and otF*r itregul8ritie8. tf the C.l.O. is wound up? the Membu5 have no liability to contribute to its 888¢ts and w p¢rnonal responsibility for settling its debts and liabilities. 29 January 2025

ThE LEICESTER MUSEUMS AND GALLERIES DEVELOPMENT TRU RECEIPTS AND PAYMENTS ACCOU YEAR ENDED 31 MARCH 2024 2024 home s m dispwal { 692) IDeome loss { 592) Other e4xndlture Bank ch￿S 52 Websit¢ dev¢lorAnent 216 Tot1 payments 668 N¢t ¢wdture for th¢ ye £ (1260) The notes ￿ p8ge$ 6 8Th17 forni pprt of tTrKse finan¢iai ststements.

THE LEICESTER MUSEUMS AND GALLERtES DEVELOPMENT TRUST YEAR ENDED 31 2024 CAFBaDk aCc(￿t 80,477 73,636 (8,101) £ 72J76 £ 73.636 1%8w (t¢striG 18,770 18.770 53.( 54.866 £ 72J76 £ 73.636 Th￿¢ fjnan¢i81 statements were approved by tk tyst¢¢s on29 Janw 2025 SiBncd on theirbelthlf by.

THE LEICESTER MUSEUMS AND GALLERIES DEVELOPMENT TRUST NOTES TO THE ACCOUNrs YEAR ENDED 31 MARCH 2024 Epltorne The City of Leic¢ster Museum6 Tn￿¢ is re8is¢ered with the Clwity Commi58ion (llo. 527876) and ¢on$tihrt¢d by a Deed of Tn￿t dated l October 1930. The Deed wL8 T￿laCed by an official Charity Commission Scbeme dated 13 Marcb 2003 with 5ubsequ¢nt 8m¢ndments in September 2008. The City of Leicester Museums Tn￿t ¢eased to OP¢f4te on 31 March 2023 having forn￿lIy trans its assety Jiabilities and activities to The L¢i¢est¢r m￿9Cu￿ and Galleties Development Tn￿t. ty Collunts•lon'8 twhlAttce M p•bllc benefit Pu[ch￿d obje¢ts are no￿￿]Y exhibited to the publi¢ at the ￿leVaIrt L¢icc8tcr Atts and Museun ScrYic¢ sit¢ and should be display￿ within twelve months, un]¢ss good r¢4$0n given to the Tn￿. The following acknowledgwn¢nt of the Trust is given in any accompanying texL'_ The charity is maitily fi￿￿ed by a propottion of the ￿￿e¢d8 from public donation ixixes at all museum and gallery sltes, togetber with prAvate and public donations. bequests and Co￿)￿1e p8rthership8. All purclwts are in accordance with the 'Collec¢ioDS Policy. for the Leicester City Jllcidrnt￿ third.p8rty private benefits may be Illcuu￿ as a result of ca￿1￿8 the Tnwt's puqK e.g. cost of extenjal valuation of painlings, shipping costs el¢. Thes¢ ar¢ fi￿Y listed in the clwity's expenditure foT the yeor. The TTr￿1 Constitution provides that there Sh￿￿d be no fewer than thTee and no more thon 8iX trustee8, who are appointed for a temi of four y¢ars and may serve for a maxitnum of two consecutive t¢nns. pending re￿O]ntr￿ after a firther ititerval of at least one year. Tn￿le¢S Umtst be p¢rsons who through residen¢e, Occupatio￿ ¢mploym¢Dt or otheThvi8e are able to ¢ontribthe to the object or IDana8ement of th¢ charity. Thtstee Va￿CleS arc widely adY¢rti8e41, appliwts slkortlisted and inteTviewed a8ainst pub]ishcd skill4 ¢xperience and abilitie8. The trust¢¢S must hold at Ic•st two ordinary meetings in each twelve-mooth period: in I￿artiCe three or four meetiJJ8s ar¢ held each ye4r. Ai the first orthnary m¢¢ting wh year the tn￿te¢S ¢]￿t one of th¢ir number as chairman of their meetings. Two Tnth shall ¢oD#ityte a qu0￿. Tn￿te¢S r￿¢1Ve no Temuneration. expenses nor other benefits from their work wlth th¢ ¢haTity. During the year the trust was athninist¢r¢d by Leicester City Council: no cbaTge w&$ made for any

THE LEICESTER MUSEUMS AND GALLERIES DEVEIX)PMENf TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024 ..JContd Ateounilng pDlld The fiDancial Statements of the cb*ity, which is a publi¢ b¢n¢fil entity Under FRS I￿1, have been prepared in ac￿)r￿ with the Chatities SORP (FRS 102) 'Accountin8 and R¢porting by Charities.. the Fin8WAal Rwrting Standard applicable ill the UK and Repub]ic of JTrlattd (FRS102) (¢ffeetive I January 2019)., Finallcial Rewting Stsndard 102 'Th¢ FIna￿la1 ReP)Iti￿ Stsndard applicable in the UK and R¢public of Jr¢land' and th¢ Clthtities Act 2011. The finatic￿ stat¢mfflts knve been prep￿ed uDderthe bistorical cost conventiots. (a) City Council or UnCo￿litiOnallY receivabl¢. (b) The tnjst 18 unabl¢ Io reco￿r VAT and TA￿e apJr(y￿te this is Twritten off with the a8SLYiated aud [￿C]Y￿1. The trustees a￿1 average leve18 of fimding at £IOO.CI)O, th lower alld upper limits of £75.IKK) and£125,IXYI. Iw¢y Fund tn M8r¢h 2iX17. Th¢ City of Jxitrster museu￿ Tr￿t ￿e1Ved a leg¥ of £10.107 from the E4tatr of Mi88 Sarah Edith H￿e. Miss Hare baving expK¢s8cd lh¢ wish that this gift b¢ uwl for the purchase of In the abs¢w¢ of suitsbl¢ material for pur(awe, The City of Leicester museu￿ TnTst Tn￿ had FollowiDg the subsequent closure of WaJ] Mus¢um and r¢c<nt trallrfer of the Legacy to The I£icester museu￿ and Galleries tkvelopment Tnk8¢ the Trustees Fkqve ruxived pm1S￿On from Mi Hare's Executorn to broaden the s¢q)e of the I££acy usage. Commltments Theft w#e no purcllase comrri￿ at 31 Marth 2023 or 2024.