COMPANY REGISTRATION NUMBER: 14012661 CHARITY REGISTRATION NUMBER: 1205103 BLACKPOOL HERITAGE AND MUSEUM TRUST Com an Limited b Guarantee UNAUDITED FINANCIAL STATEMENTS 31 March 2025 BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 PAGE Truslees. annual repoti (incorporaling the direclorfs report) IndÉpendent examineVs report to the trustees ststernent of finallcial activities (including inwme and expenditure accx)untl Slaternent of financial posilion Notes lo the financial statements 10 BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT INCORPORATING THE DIRECTOR'S REPORT YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors for Ihe purtK)se5 of company law. present their report and the unaudited rinancial slatements of the charity for the year ended 31 March 2025 . REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Charity registration number Company registration nurnber Prlncipal office and registered Showtown Palatine Building office Promenade Blackpool FY14TQ Blackpool Heritage and Museum Trust 1205103 14012661 THE TRUSTEES Mr S Phillip Cllr G Campbell Cllr A C(k)per Mr N Patterson (Appointed 5 April 20241 (Ap[M)In￿ 26 July 2024) Mr D Webster (Apth)inted 30 January 20261 (Resigned 19 February 20251 (Resigned 9 May 20241 Mrs L Bentley Mr M Etch Cllr K Benson COMPANY SECRETARY Annette Kerr STRUCTURE. GOVERNANCE AND MANAGEMENT Governing DoGurnent The Blackpool Heritage Museum Trust is a company limited by guarantee govemed by its memorandum and athles of association. 11 is a registered company wilh Companies House. incorporated 30 March 2022. Charitable Stsbjs was obtained on 06 October 2023. M6Ynbers of the Company The members of the company indude those 8dmttled to membership by the Directors and up to three local authority represent8tives are appointed by Blackpool Council. Appointmenl of Trustees l Non Executive Directors The Trustees l Non.Executive Direclor5 who served during the year 2024125 are listed above. The Chair was paid a remuneration of £5:000 per annum and the WI￿ Chair received a remuneration of £2,500 per annum unlil his resignation on 09 May 2024. The Interim Vice Ctrair did not take any remuneration. No other posilions are remunerated. The Board of TNstees l Non-ExecJlive Directors is rrade up of al least three and not more than len members. This comprlses up to three local authority directors an¢ up lo seven olher direclors. In selecting Trustees l Non-Executive Directors there will be due regard for the existing range of skills and expertise of Ihe Board, the skills and expertise of the individual and how they will contribute to the success of the charitable company. The Trust has also appointed a Chief Executive and as of 31 March 2025 employs 36 salaried members of staff. The Trust has also appointed a Company Secretary in line wili its powers within the Anicles of AssoGialion. Trustee l Non-Executive Director Induclion and Training All Trustees l Non-Execulive Directors complete an induction programme. designed to inform them about Ihe Trusl's slnJCtU￿, strategy, financial planning arrangements and delegalion Iramework. As appointments were dispersed throughout the year this forrned part of the Away Day held n the financial year. Arrangements are made to make new Trustees l Non-Executive D1￿CtorS aware of their responsibilities under chanly law and arranging appropriate induction and training. Management of the Trust The Boaid of Directors meets at least four liwnes a year to shape the Ttust's decision making proGess. The day lo day operalion of the chanty is the responsbility of the Chief Executive and her Senior Leadership Team. The Trustees l Non-Executive Directors provkle stralegic leadership in line with the charity's aims and values. Ethic81 Fundraising The Blackpool Heritage and Museum Trust is commrtted to employipg a trar6parent and ethical approach to our f￿r￿raiSing activity and seek5 to put its supporters at the heart of what we do. Governance and Policy Doeumenls The museum was opened to the public on 15 March 2024_ A suite of good practice policies in line with a Policy Fr8mework outline. agreed during the year is being put together arKJ brought lo the Board for agreemeNI on a priority basis. The Board has agreed lo athpl the Charity Goveman(t Code and is approaching ils compliance as it is in ils eady stsges of development in accordance with the folk)wng statement of the code.. e anticipate that how a charity uses the Code is something which wll develop and mature, particularly where the charity is growing and changing. &"ven this. some of the recommeided practice may not be appropriate for a particular charity to follow initially. but it may become so in the future. A Conflicts of Interest Policy was agreed by the Board together with a Board Member Agreement setting out the Trustee l Non-Executive Directors star)dard expectations. rdes and resF)onsibilities and reflected the obligations contained withir) the Articles of AsSo￿ation. The Board Member agreement confirmed a lerm of off￿e of three years subjeGI to a 12 month review. OBJECMVES AND ACTIVITIES Charitsble Objectives The charity formally exists according to its Memorandum. The Company's Objects are specifically restr￿ed lo lie following= to promote the education of the public in relation lo the history of Blackpool principally. bul not exclusively by".- the operation. maintenance and preservats.on of a museum in Black[￿1 known as 'Showtown'. the museum of fun and entertainment,: - the operation. maintenance and preservati￿ of heritage transportation." and the delivery of associated facilities and engasement programmes, fostering knowledge. understanding, appreciation and enioymeNI of the history and herTlage of Blackpool and the maintenance and preservation of Blackpool heritage collections. VI￿On The Blackpool Heritage and Museum Trust's vision is to be successful in SUPFK)rting income generation and fu￿raiSing and by so doing ensure the success of Showiown so that In five years time Showtown is.. 'a lop allraclion in Blackpool - an experience not to be missed, owned and loved tsy locals and vlsllors allke. A leader in the museum sector, putling people al the heart of curatori81 pracliee, at the forefront of heritage interpretation and l&aming_ A dynamic and successful business making a positive economic and social impact in Blackpool. Values Our Values are whal we beleve in and they underpin everylhing". Be fun - creating excits.ng expenences for all the famity arKJ being joyful in discovery. Inspire - sparking creativity. imaginat'on and enthusiasm. Nurture pride - building pride and encouraging a fresh perspeclive on Blackpool. Transform Making a positive impact on Blackpool ard its people. Celebrate - BlackrM)ol's rich heritage and its Lnique place in the nation's heart. Be open - creating a welcoming space for all. embracing genuine parlnerships and stsyin9 open to new ideas and always being true lo eviden￿. Have integrity- working ethically wtth colleGlion5. p￿PIe and their Stories Empowering - ensuring all of our Vol￿ are heard and our $I¢￿e5 Idd. Making new connections be￿een where we have come and where we go next. Mission At Showtown our mission is to pul Blackpool centre stage. We celebrate its role as the greatest seaside resort and show town In the UK. Public benefit In shaping the objectives and planning the activities for the year. Ihe Trustees l Non-Executive Directors have considered the Ch¥ity Commission's guidance on public benèfrt. inclJding the guidance on public bènefit and fee charging. The charity relies on grants and the income from fee5 and charge5 to cover its operating costs. The TrLJStees l Non-Executive Directors confjm) that they have coMpl￿d with the requirements of section 17 of the Charities Acl 2011 lo have due regards lo Ihe publ￿ benefil guidance published by the Charily Commission for England arKI Wales. They have considered the Chartty Cornmission's general guidance on public benefrt and have taken It into accourbt whell reviewing the Chartvs aims anc objectives and in planning its fulLJre activities. The Trustees l Non-Execulive Directors are satisfied that the aims of Ihe Charity are carried out wholly in pursuit ol its charilablo aims for the public benefit. ACHIEVEMENTS AND PERFORMANCE 1. Mearly 100,000 visitors welcomed in Year One, vAlh eX￿p￿nal local engagement Showtowll attracted 97,000+ vi51tors in its first year, wtth 57% of all visitors coming frorn Blackpool. This represents engagement equivèlent to 28Yo of the town's wpulabon. demonslratiig unprecedented local cultural participalion and establlshlng Showtown as a valued part of every(Jay life for resi(Jents. 2. Blackpool's entertainment heritage secured for future genèrations The museum significantly sirengthened stewardship of Blackpool's nationally important entertainment collections, conserving 700+ obiecls, digiknsing 3,700+ mages, and enhancing access lo collections of more than 100,000 items. Majc>r acquisitions included the Charfie Cair(Ai Colleclion. Norman Wisdom's ￿Oni￿ 'gump" costume, and Peter Kay's purple suil. 3. National recognitK)n has put Showtown and BlackFKM)l firmly on the cultural map Within ils first year. Showtown achieved a &star Tripadvisor rating. ranked among Blackpool's top attraclions, and won Museum + Heritage Permanent Exhitrilion of the Year 2025. The museum has also been shortlisled or recognised through a range of prestigious national awards. raising ￿aCkpO01,S profile as a destination for culture and heritage. 4. Powerful new partnerships established with major national instilutions Showtown developed and strengthened relationsh ps with leading organisations including the V&A. Science Museum Group, Iwnperial War Museum. Arts Council England, Art Fund, NatioN31 Archives and numerous perfomier and heritage neI￿orkS. The V&A partnersiip alone helped unlock loans from 20 public inslilulions and 123 private lenders, firmly positioning Showtown wilhin national museum networks. 5. A community-F)owered museum with engagement at its heart Building on years of co-crealion, Shovrtown's activity programme delivered 39 community engagement projects reaching rnore than 63,000 people. Volunteers contrbuted 4,562 hours. performers helped shape gallerie5 and interpretation, and programmes such as Open Up the Mic. Gel Dancing. and Showtols delivered measurable impacts on wellbeing. confidence. sknlls and civic pride_ 6. Built a skilled new cultural workforce, with staff completing 79 training pr()grdmmes and 11 accredited qualifications while creating new museum cateers in Blackpcx)l. FINANCIAL REVIEW The financial accounts relating to this report ran from 01 April 2024 to 31 March 2025 inclusive. This report is relevant for the financial year 2023124 however r( remains evidenl Ihal the Museum can only continue to develop and become sell-financing with the continued support of 81ackpool Council in Ihe early years. This was always part of the business plan and il is being l)ome oul in the current year as the financial and operational performan￿ of the charity has shown actual earned income being s￿nIfICanty lower Ihan the expense of running the organisation. We wholeheartedly welcome the support of Blackpool Council. which has ￿en confirmed, and look forward to working with the Council. other stakeholders and funding parlners as Ihe museum continues to move on to its next phase of operation and devdopmenL Reserves Policy The purpose of a Reserves Policy is lo oulline the reasons why an organisalion may choose to keep money aside 83 a reserve either lo protect itself against unforeseen circumstances or to allow il to lake advantage of new opportunities. The Blackpool Herltage and Museum Trust remalns a relatfvety newly forme(J organlsallon. The Trust does not yet posses the resources to sel aside meaningful reserves: and it seems improbable thi5 Posltion will change in the near future 11 relies on the support of its original sponsor. Biackpool Council, and will continue to do so until it is trading fully and can demonstrate a sustainable revenue stream. At that point it will seek to set out a Reserves Poliey in lin& with good pracliee. Investment Policy As a registered charity and a company limited by guarantee, Ihe Blackp(x)l Herttage and Museum Trust has a legal identity and as such has the ability to hold inveslmenls in its name. The Blackpool Heritage and Museum Trust does not currently have Ihe resources lo actively pursue investmenl and currenuy has no plans lo do so in Ihe future. There is no investment activty to rewt in thi5 Annual Report_ SMALL COMPANY PROVISIONS This report h8s been prepared in 8ccordance vthh the provisions applicable to companies entitled lo the small companies exemption. The trustees, ann￿￿ report was approved on 3 September 2026 and ￿gned on behalf of the board of trustees by.. Mr S Phillips Trustee BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKPOOL HERITAGE AND MUSEUM TRUST YEAR ENDED 31 MARCH 2025 I report to Ihe trustees on my examination of the financial stalemenls of BlackrM)ol Heritage and Museum Trust I'lhe arity'l for the year ended 31 March 2025_ RESPONSIBILITIES AND BASIS OF REPORT As the trustees of Ihe company land also its directors for the purposes of o)mpany lawl you are responsible for the preparation of the finanGial slaletn8nts In aGcor(JanGe with the iequiieTnents of the Companies AGI 20061'lhe 2006 Acl'l. Having satisfied myself that the accounls ol the company are not required to be audited under Part 16 of Ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried OLJt under section 145 of the chanb.es Act 2011 I'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under secti(fb 14515llbl of Ihe 2011 Acl. INDEPENDENT EXAMINER'S STATEMENT Since the charity s gross income ex¢eede¢J £250,0(XJ your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm Ihal l am qualified to undertake the examination because l am a member of the Inslilule of Chartered Accountants in England and Wales (ICAEW). which is one of the listed bodies. I have compleled my examination. I confimi Ihat no matters have come to my attention in connection with Ihe 9xamination giving mg cause to bglieve_' 1. accounb.ng records were not kept In respect of the chaty as required by section 386 of the 2006 Act" or 2. the financial sialemenls do not accord with those ￿COrdS-, or 3_ the financial slalements do not comply wth the ￿CountI￿j requirements of section 396 of the 20(% Act other than any requiremenl that Ihe accounts give a Irue and fairf view which is nol a matter consKlered as parl of an independent examination., or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reFNJrtiig by charities applicable lo charities prepariNg their aGCOUnt5 in accordance with the Finanaal Reporting Standard applicab￿ in Ihe UK and Republic of Ireland IFRS 102}. I have no cOn￿rnS and have come auoss ro other matters in Con￿￿￿"0n with Ihe examinati(￿ to which attention should be drawn in this report in order lo enable a prcper understsnding of the accounts to be reached. Claire Docherty FCCA The AssociatiDn of Chartered Cerb'fied Accountants Independenl Examiner Xeinadin Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU 3 S8pt8mb&r 2026 BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUN YEAR ENDED 31 MARCH 2025 2025 2024 Unrestricted lunds Rèstricted funds Total funds Totsl funds Income and endowments Donations and legaThes Charitable activities other trading activities Investrnenl income 281.983 123.046 44.277 31 281,983 123.046 44,277 31 80,000 24,117 5,627 Totsl income 449.337 449.337 109,744 Expenditure Expenditure on raising funds= Costs of other trading activities Expenditure on charitable activities 16,537 2.054,815 16.537 2.054.815 3,376 1,724 10.11 Total expenditure 2.071,352 2.071.352 5,100 Net lexpenditure}lincome and net movemenl in fund$ { 1.622.015) { 1.622,015) 104,644 Recon¢lllatlon of funds Total funds broughtforward 24.644 80,000 104.644 Total funds carried forward (1.597.371) 80,000 11.517,3711 104,644 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conb"nuing a¢.ivities. BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 March 2025 2025 2024 Note CURRENT ASSETS Stocks 15 29.050 446.119 372.134 Debtors Cash al bank and in hand 16 3,429 111,420 847.303 114,849 CREDITORS- amounts falling due within one year 17 2.364.674 10.205 NET CURRENT LIABIUTIES 11,517.3711 104,644 TOTAL ASSETS LESS CURRENT LIABILITIES 11.517.371) 104,644 NET LIABILITIES 11,517,371) 104,644 FUNDS OF THE CHARITY Restncled funds 80.000 { 1.597.371) 80,000 24,644 Unrestricted funds Total charlty funds 19 { 1.517.371) 104,644 For the year ending 31 March 2025 the ctsrity was entiyed to exemplion from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsiExlities'. - The members have not required the company lo obtain an audr( of ils ffinancial slatements for the year in question in accordance with section 476 ', The directors acknowledge their responsibilities for complwng with lh8 roquir&m8nls of the Act with resp8Ct to accounting records and the preparalk)n of financial ststements These financial slalements have been prepared in accordan￿ with fv provisDns applicable lo companies subject to the small companies, regime. These financial statements were approved ttry Ihe board of trustees and authorised for issue on 3 Seplember 2026 , and are signed on behalf of the board by- Mr S Phillips Trustee BLACKPOOL HERITAGE AND MUSEUM TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1. GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in and a registered charity in England and Wales. The address of Ihe registered office is Showtown Palatine Building, Promenade, Blackpool, FY14TQ. 2. STATEkfjENT OF COMPLIANCE These financial stalements have been prepared in compliance with FRS 102. 'The Financlal Reporting Standard applicable in the UK and the Republic of IreL3nd', the Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicat￿e in the UK and Republic of Ireland IFRS 1021 (Charities SORP effective 20191 and the Companies Act 2006. 3. ACCOUNTING POLICIES Basis of preparation The financial slalernents have b￿n prepared on the historical cost basis. as modified by the revaluation of cer1ain rinancial assets and liabilities and inveslmenl properknes measured at fair value Ihrough income or expenditure. The financial statements are prepar&l in steding, which is the functional Currer￿Y of the entity. Going concern The Trustees note the net liability position of the charity at the year end. This position is supported by funds 8dvanceé lo the chartty from Blackpool Council. The Trustees h8ve received wnfirmalion that the amounts due to Blackpool Council will not be demanded for repayment in such 2 way 1hat would cause the chanly to fail lo meet its liabilities as they lall due and have re￿iVed confimiation Ilal Blathpool Council wll conlinue to provide such support as may be required. On this basis the charity is considered to be a going concem Judgements and key sources of estimation uncertainty In the application of the charity's accovnling policies. the trustees are required lo make judgements. estimates and assumptions aboLrt the carrying amount of assets and liabilit es that are not Teadily apparent Irom other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevanl. Actual results may difter from Ihese estimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounth'ng estimates are recognised in the period in which the estimate Is revised where the rewsion only that period. or in the period of the revision and future periods where the revision affects both current and fvture peri(Mls. Fund accounting Unrestricted funds are available for use at the discretion of the truslees to further any of the charity's purposes. Desigr)aled funds are unrestricted funds earmarked by the tnjstees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure dec ared by the donor or through the terms of an appeal. and fall inlo one of two sub-classes." restricted income lunds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the anKJUnt can be reliably measured. The following specffic poI￿leS are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enlillemenl to the gift. receipt is probable and its amount can be measured reliably. legacy In￿Me is recognised when receipt is probable and entitlement is established. income from donated goods is measu-ed al the fair value of the goods unless Ihis is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and ServI￿S are recognised in the accounts when r￿1ved if the value can be reliably measU￿d. No amounts are included for the conlributson of general vclunteers. Income from contracts for the supply of Services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requiremenl for il lo be spent on a parbcular purpose and returned if UnS￿nI, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassified under healings of the statement of financial acttvities to which it relates.. expenditur& on raising funds indudes the costs of all fundraising activities. events. non-charitable trading activities, and Ihe sale of donaled goods. expendilure on ch8rilat4e aclivilies includes all costs incurred by a charity in undertaking activities that further Its charitsble aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable acb'vities. All costs are allocated to expendilufe categories ref ecling the use of the resource. Direct costs 3ttribLrtable to a single activity are allocated directly to Ihal activity. Shared costs are apportioned between the adivilies they contribute lo on a reasor)able. jusbfiable and consistent basis. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase. costs of cornversion and other costs inojrred in bringing the stock to tts present location and condition. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes 3 party to the contractual provisions of the instrument. Basic financial instruments are irmtially recognised al Ihe amount receivable or payable includir)g any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration &xpected to be paid or received and not discournted. Debt instruments are subsequenlly measured at amortised cost. Where investments in shares are publidy traded or their fair value can othe￿iSe be measured reliably. Ihe investment is subsequently rr*asured al fair value wtth charbges in fair value recognised in income and expenditure. All other such investments are subsequenlly measured al cost less impairment. Other financial instruments. including derivatives. are initially recogni5ed * fair value. unless payment for an as5el is deferred beyolld normal busines5 tetms or financed at a rate of intere51 that Is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rale of interest lor a similar debt instrument. Other finanaal instruments are subsequently measured at fair value. with any changes recognised in the statement of finanaal activities, with the exception of hedging instrument5 in a designated hedging relationship. Flnancial assets that are measureo al cost or amortlsed cost are revlewe¢ for oblectlve eviden￿ of Impalrmenl at the end of each ￿pOrting date. If the￿ is objective evidence of impairment. an impairment loss is recognised under the appropriale heading in the statement of financial acbvities in which the inityal gain was recognised. For all equity instruments regardless of significance, and other financial asset5 that are individually significant, these are assessed individually for impairment. Other financial assels are either assessed individually or grouped on the basis of similar cre(lit risk tharacteristics. Any reversals of impairmeit are recognise(l immediately, lo Ihe extent that the reversal does not result in a carrying amount of Ihe financial asset that exceeds what the carrying amount would have been had the impaimienl not previousty been recognised. Defined contribution plans The charity is a member irf a multi*mployer defined benefit pensK>n scheme, however it is unable to obtain sufficient infomiation lo determine ils share of the assets and liabililies of the scheme. The charity has therefore accounted for conlribLrtion3 to this scheme as rf it were a defined contribubon scheme. Contributions lo defined contribution plans are recognised a5 an expense in the perK)d in which the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl that the prepayment will lead lo a reduction in future payments or a cash refund. When contributions are not expected lo be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 4. LIMITED BY GUARANTEE The company is limited by guarantee. In the event of the charity being wound up. the liability in respect of the guaranlee is limited lo £1 per member of the charity- 5. DONATIONS AND LEGACIES Unrestricted Funds Restricled Funds Total Funds 2025 DONATIONS Blackpool Counryl grant Lottery funding Other grants received Other donations received 40.426 40.426 19,364 222.193 19.364 222,193 281.983 281,983 Unrestricted Funds Restricted FutNJs Tolal Funds 2024 DONATIONS Blackwol Counal grant Lottery funding Other grants received Other donalions r￿1Ved 80.000 80,000 80.000 80,000 . CHARITABLE ACTIVITIES Unrestricted FLnds Total Funds Unrestricted Funds Total FLTnds 2024 2D25 Admissions 122,474 122.474 20,688 3,429 20.688 3,429 Gift Aid Other charitable income 572 572 123,046 123.046 24,117 24,117 7. OTHER TRADING ACTIVITIES Unrestricted Funds Totsl Funds 2025 Unreslricled Funds Total Funds 2024 Retail income 44.277 44.277 5.627 5,627 . INVESTMENT INCOME un￿StriCted Total Funds Funds 2025 Unreslricled Funds Total Funds 2024 Inleresl re￿1ve￿ 31 31 9. COSTS OF OTHER TRADING ACTIVITIES unresln.cted Total Funds FLnds 2025 Unrestricted Funds Total Funds 2024 Retail purchases 16.537 16,537 3.376 3,376 10. EXPENDITURE ON CHARITABLE ACTMTIES BY FUND TYPE unrestn.cted Funds Total Funds Unreslricled Funds Total Funds 2024 2025 Exhibrtion & event costs Finance costs 41,502 5,776 471,727 686,710 849.100 41.502 S.776 471.127 686.710 849.100 224 224 Establishment costs Staff costs Support costs 1.500 1,500 2.054,815 2.054.815 1.724 1,724 11. EXPENDITURE ON CHARITABLE ACTMTIES BY ACTIVITY TYPE Activities undertaken direcuy Support to*$ Total funds 2025 Tol81 fvnd 2024 Exhibition & event costs 41.502 5.776 471.727 686,710 41.502 5.776 471.727 1,064.816 165,855 89.464 68,718 53.501 93.456 Finance costs 224 Establishment Gosts Staff costs 378,106 165,855 89,464 68,718 53,501 93.456 Marketing costs Blackpool Council support costs Leasing & hire costs Office costs 500 Governan￿ costs 1,000 1.205.715 849,100 2,054.815 1,724 12. ANALYSIS OF SUPPORT COSTS useum operation Total 2025 Total 2024 Staff costs 378,106 165.855 378.106 1￿.855 8g,464 68.718 53.501 93.456 Marketing costs Blackpool Council SUKPOrt cosls Leasing & hire costs Office cosls 89,464 68,718 53,501 93,456 500 Governance costs 1,000 849,100 849.100 1,5DO 13. STAFF COSTS The lolal ststF costs and employee benefits for the repo￿.ng period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to penS￿n plans 915,335 78,059 68,623 1.062,017 During the year the charity made redundancy payments tolalling £32.286 (2024.. £Nill. The average head count of employees during the year was 39 12024.. 1 ). The average number of full-lirne equivalent employees during the year is analysed as follows= 2025 2024 No. Dir8Ct staff 29 Support stsff 10 39 The number of employees whose remuneralio)n for the year fdl vthin 1he followng bands. were: 2025 2024 No. No. £70.000 to £79.999 Key Management Personnel Key management personnd include all persons thal have authority and responsibility for planning, directing and controllillg the actsvilies of the charity. The total compensab.on paid to key managewnent personnel for services provided lo the charity was £93,056 12024=£-1. 14. TRUSTEE REMUNERATION AND EXPENSES As noted in the Trustees, Report. the Chair has rel￿1Ved £5.000 {2024.. £5,000) and Mr M etches has received £289 {2024.' £2,500) during the year lunded by Bla¢kpool Counol as partial compensation for their time. These payments have been made in line with the articles of association and goveming document, with approval of the Board. Both the Chair and Mr M Elthes have dalm￿ expenses lo compensate for travel time, lotslling £1.36512024.' £Nill and £31312024.. £Nil) respectively. 15. STOCKS 2025 2024 Finished goods and goods for resale 29,050 16. DEBTORS 2025 2024 Trade debtors 9,647 299.236 137,236 Prepayments and accrued income Other debtors 3.429 446.119 3.429 17. CREDITORS= arnounts falling due within one year 2025 2024 Trade creditors 176.059 160.991 31,808 1.995,816 Accruals and deferred incorne 4.876 5.126 203 Social security and Dlher taxes Other creditors 2.364,674 10.205 18. PENSIONS AND OTHER POST RETIREMENT BENEFITS Defined Contribution plans The amounl recognised in in(x)me or expenditure as an expense in relation Lo defined conlribulion plans was £ 68.62312024-. £Nill. 19. ANALYSIS OF CHARITABLE FUNDS Unrestricled funds At 31 March 2025 Al 1 April 2024 Income Expenditure General funds 24.644 449.337 12.071,3521 11,597,371) At 31 March 2024 Al 1 April 2023 Income Expenditure General funds 29,744 15.100) 24,6M Restricted funds At 31 March 2025 Al 1 April 2024 Income Expendilu In support of a leaming and education space within Showiown 80.fKJO 80.000 At 31 March 2024 At 1 April 2023 Income Expenditure In support of a learning and education space within Showtown 80.000 80,000 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS UnreslriGted Funds Restricted Total Funds Funds 2025 Current assets Creditors less than 1 year 704.803 (2,302.1741 80,000 784,803 12.302,1741 Net liabilities {1.597.3711 80.000 11.517,3711 Unrestricted Funds Restricted FU￿lS Tolal Funds 2024 Current assets 34,849 (10.2051 80,000 114.849 110,2051 Creditors less than 1 year Net liabilities 24,644 80,ODO 104.644 21. RELATED PARTIES Blackpool Council Is considered a related paty due to its control over the charity. During the year Blackrx)ol Council paid expenses on behalf of the charity totalling £1,976.745 12024.. £Nil). At the balance sheet date £1,976,948 {2024.. £2031 was due to Blackp￿1 Council. This document was deliN'ered usillg electronic communications and authenticated in accordance with the r¢gistrar'8 iulc% relating to clcctronic fomi, authcnticatior and manncr of dclivcry undcr gcction 1072 of the Compani¢s Act ?006.