The National Museum of Labour History rading as The People's tory Museum) Consolidated Financial Statements For The Year Ended 5 April 2021 Company ReO5tratio• Number 02041438 Chartty N•mber 295260 AA)WUE7T 22112r2021 COMPANIES HOUSE A11
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The National Museum of Labour llistory Company Limited by Guarantee Thchl Statements Yer Endtd 5 April 2021 Contents Page5 Ttustees. Annual Report Ito9 Independent AThlitoes Report to the Men IOto13 Consolidated Staten]ent of Financial Activities (tncoryK)ratmg the ]nCOn and Expenditure &couDt) 14 CoDsolidated and Clwity Ba]allce SIets Is 16 Notes to the Financial Statell1ts 17to30
The ]Yational Museum of Labour History Company Limited by Guarantee Tru5t¢¢s' Annu21 Report Ytsr Ended S Aprll 2021 Th¢ Tll5. who arc abo direcl(u5 for thc of Collw law. have plea5u in ptesenling theirreport and the financ StateMts of the youp for the yearetthd 5 April 2021. Reference aDd Admlntstratfve DetMs Regtstered Charfty Name The Natio]1 mSe of LAiw History Charlty Regithdon NHmbeT 295260 Company liegtstnlion Nwib¢r 02041438 Spinningfields M3 3ER The Trustees The TnLStees vtho Saved the Cknity dwiDg the period Ibc date of sigDing the Tn]sttts' Annual Report were as follows: K Carberry Mca Resiyd 5 Novemir 2021 Resigned 5 November 2021 S Lin(Lsay L Powell J S Bawm (Lord) A Malik PNowak B Dolloghu¢ M Clancy K Savage R Sha¢ R Tulsiatti V Pbillips Res19d 6Novemttt 2020 Resisned 6 Novemixr 2020 Resigned 14 May 2021 Resigned 13 May 2021 APlted 6 November 2020 AptKiinted 5 November 2021 Appointed I4May 2021 Appointrd 5 Febrnary2021 M Quitiey A Dou¥as
The National Museum of Labour Story Company Limited by Guarantee Yur Ended 5 April 2021 Company Secretary C Birchall R¢5igKd 6 Apnl 2021 C Cortin AptK)inted 8 Octobu 2021 External Audltor Statutory AuditOT SL Gwe'5 How 215- 219cheSR0Od Mancbestet M15 4 Olympic House 6 Olymplc Court MoDifotd Street Salford M5 2QP Unity TnL5t BaDkplt Nme Brmdky Platt BI 2HB strnctur4 Governance Manlgememt The fjjll twne of the Clwity is The N1(¥1 of IAiw HIOry. The clrIty is govemed by the lern of its Memoralldum and ATts"clcs of AssociatioJL The Cjwity is a compaoy which is limited ty guardotee. The Chatityuscs the w(YkiDg tide Tryk's Museum,. The Ttustees who b&ve acted (tiuing the ycarate lisled above. The Clwitys assets are availat4¢ and adr4te to fuifjl the obli8atioDS of the Clwity for each resttided fijn Truslefs, IDteTests A5 th¢ CbaTity is a conwajy hmjted by guardntee are no slwes or options in wbich any of the Tnltts of the CTr1ty could hold interests. Tne¢S llotify the Company Secr¢lary if Iky aT¢ aware of aDy inslauc¢s of dect or indirecl lnefit whieh have LKCULTcd as a co]eqe of theit Tntsittship of the Museum and a forn)al request for this InforntIon is issued eacb year as 8n agenda item in the October b0d meeliD& Ibis accounliDg puiod two of th¢ Ttustces deClad that a fatllilyme]Jts was enwloyed by the Ctthriry. Jn ith case5 applicatioo aud interview procedures were followe4 no confiiet or sIfiCant benefit was pttceived and Tne¢S declared the iniuest and did not vote on pay Sc¢ challges that affected all stsff. Further detaiJ5 ate Provided 24. Appolntment of tru5ttts Tntstees ate aptKJinted after Tn Ydcaw advertisment and intuview by ex]]ng TneeS and by majority vote of the TnL5tee5 of the C]wity. The Ttadts Util CoDye55. Giealer Maockncster Combined Authority alldmanckn City C4)uncll have the right to appoitit a orth¢ Boat
The National Museum of Labour stOry Company IAmRted by Guarantee Trustees, ADnug1 Report Ytsr Ended 5 Aprll 2021 Trnsttt InducdoD and tralDlng Newly appoinled T[eeS are issued with the fOllowti docunMts: Museum Memotanthm and Articles of AssocialioJL Museum Business plan and disculg lteD afftctlDg the Musami at the lime of OrgaDtsAllon Tn]stees mttl together quanuty at which lime the Museum DiTrdor. who is appointed by them and is resp)Dsible for the day lo day of the Museunl on all matters of museum policy and 51Trtegy. These meetings also inclllde annual accounts and qiiartuty budget rep)rts. Any clwiges in strategy are disc amended and wtth adq)ted as lett poliry by TnLStees and implemented by the Drector. Where Tisks are ideoti paiticularty regarding fimdillg steps are take 35 de5CTibed b¢low (5c¢ Risk maDagrnt). The Charity I$ a trdding subsithary compw and dwing the year Iwo of the Trnstees declared that a faMY llLember wa5 employed by the C]wity. Further detsils provided ID Dole 24. Rtsk geMent The Mcum Director is charged wlth nobfying Tntsiees of any rth hcAng the Museum and of impottsnt income and expenditure mattu5 including: Manchester Combined Authority- GMCA and Arts Councit for England- ACE). Capitsl ExpeThliture projects. The Tntee% art involved iti pwtion of bids PTO8ress is reported when WO cOmnCes. Any fjjndtaising successes and the Projecl involv•L Any J0[ clwige5 to and Arckn've fuDding slnKth. asstssing both the negative and positive effects of these chaDBes on the orgatiisatio Once nolified of any pTob]ell TnL4ees discuss and decide appropriate actioo which may ditect stsff or necessitaie the selliDg Dp of a grtKouunii¢¢e of Ttt5 as requir. The actions taken are then reported on and Thiewed ai wbsequelli m18$. All AlldivRi5k sub4ommiffee was set w) in 2013 alld hold5 meetings 10[ to the board meeting lo consits Budgets. Quanerly Reports, Cash flow and Risks identified in the Busine55 plan in more detail aDd iefer ilems to the full The TnLsiees are aw*e of stsff SInth and resP)bIlleS and ate notitied of staff changes. Salaries for senior staff hAvc been set with the assistance of Manchester City Council's Perso1 Department and all stsff paid at t1 Govanrne Trtes and nationally attd conditioos of suvice apply.
The National Museum of Labour History Company Limited by Guarantee Tn15. A•n•al Report Year Ended 5 April 2021 Objtttlvts a*d Ac¢ivilTes The piincjpal activity of the Clwity is tlwt of a The TnleeS have paid iegard to the Clwity Conunission's guidance on pubkn"c benefii and the following pata8raplLS de5CTibe the Aelivities ndcrtakeD to delivu public beDefiL The Clwitys aims are the tthnllct of ¢thallOn alld knowledge by the provislon 2nd maintenance of a museum for the Collectio COD5ervation aDdpublic exbibitioll and dtsplay of objec books. photographs alld mally other rtems of visual bislory relating to au aspects of the SOCI alld CUIttal history of Great BritsiL ThC aims to fonn ¢be basis for aUmus¢umpolKy. Achlevements and Perfornunce People's History Musetsm PHM) in is the th71ional mmsaun of donocrocy. lelling the story olits development in Brilain.. past. pre5enl. andfvtswe. The Museumprovid opporlwithufvr dll peopk to leorn dbout. be inspired by and get In1ve6 in ideas irthfightgIOr.' ida7s such os e4uality. socialjuslic4 Cowoperalion. andofair worldJorall. At the start of 2020ni PHM Iwlillst celebrated its tenth brthday si1C its Tmv buildiDg was opened in 2010 as well as its thirtietb aDnivetsary t¢ing in Greater man51. The published an Jmpact Rcport demoTrstraiing the impact of the Organi0 over the previous decade wbich was launched with key fjjlldus and slakdldCQ aDd held a celebration party with the wider Shortly after the birtbtsy celebra110 the MUSa closuj its door5 and much of this fJDallcial year was domillated by the impact of the Covid_19 pandemic. PHM was closed for most of the year due to natiorol aod local resttictiODS aod was onty opeo to the Fmthjic for two tnonths ID September and Oclober 2020. Tn order to open in a covid-secure way the secured emergellcy funding for Visitors returned to the at around 20-3A of Pre-pande'C fi8ures. and the team weTe dthsbted to be able to %)peJJ the doots for ILKai audiences. Ivbile th¢ building was c105ed to the public. the team wothd incrtth'bty ljard to deliver services aod protS online for a wide range of audiences - moving plaDDed aclivity onto di1 platforn and creating J)ew online conlent to eJJ8age 3j1$ ond keep Ihem CODDttted with PHM. Th¢ rallg¢ of olllw¢ptowdDuues aud ¥tivilws ]ududed" My First Protest Song Online with music sessions for families witb young children. Little People's Histi)ry Bedthlle stles for knib'es with yOUll8 childta. Doodk Den resoueS and activities to siwort children's creativity at 1c. Vit81 Voius resou. competitions and YouTube cbannel for secondary school pwijs Radical late5 oll]ille with of iKx)kable events Elled to the Migration programtne. An online tour of the museunL wothced in partDU5hJp with Mancbestcr Univusity. Museum images and stories published on Google Arts and Culnlle.
The National Museum of Labour History Company Limited by Guarantee Trustees, Report Year Ended 5 Apra 2021 Ackkvemtnts JThd Perfonnance The museum had planned to deliver its Miyation progrn in 2020 7wbicb was mostly delayed due to the trlD8 closed (aPrt from1he online delivery listed above). The Commuw Pm8ty]nmc Team {made up of mthvithjals with lived expetiaKe of migration) conlinued to vmrk remotely zlongside the PHM team (CODnecting via zoom) lo rescakn and plan Migrdtion t%bItionS and interveatiolls which could be dwlayed the MUSaWaS abk io opeJL PHM also contitiued to develop its plans for its wKoming Nothing About U5 Without U5 (NAUWU) ptogramme looling at the bistory of disabled F¢opk's Xtivism and current issues and challenges facing disabled FKopk. The NAUWU eeling youp contillued to meet re8u]arly online and planning d deTelopllKnt wffik contittlled. The lltuseum conlinved to proinotc its aclivitse5 and 5uvice5 on a range of dItal p]arforn and secured good PTe55 COVtrd8e for its online activities and as part of mojia covuage of the reopeDing of cultutal Qrsawsations in the Autunm 2020. The team worked hard througbout 2020121 to contitllK to engage with audiences througb social media plaifimtlls and io slwc conient through news stories alld blogs thai achi¢ved a si8niknt reatlL While dose4L the MUS cothinued to cate for its De5i8nated collectiODS (as an Accredited Museu through the Arts Council scheme). Stsff were able to do re colleciions and stotage checks during ¢loswe. and to use litt WOTkillg rtmotely to work on collections management and reseatch tasks vthich wlll strengthen the collection for the fjjturo The museum wa5 also proactive in 3¢hing Out to coued Dew collleuwrary mataiaL" ¢5peciaUy in relation to siwficant events and prntests ttlated to Covid.19. Blatk Lives Matter and Environmenlal campalgoing. The ¢U1.5 B03rd of TnLStees Contimd io provide excellent govenkance. support and direction for PHM dwin8 the paodemic with the leadersbip of its two CChairs. The museutll conlinued to bave tepresentation on the Board from its major PaTth GT¢8ttt Mallehestrr Comb]rd Authority. Manchester City Council and The Tth u0 CoDyts The museum couldnl Iwe achieved au that it did in 2020121 without the OllBOillg supwt aJMI tlexibi]ity of its main fimdets in rtsponse to the pathjemic" Greater M8nchester Combined Authority (GMCA) And Arts Council EDg]and (ACE). The also able Io secure Te8lly itnportant emugency ftmding and business suppm from Maoche*er City CounciL Ibe National tA)ryery HItsge Fun¢ Ihe Art Full Joseph Rowntree Clwitsble Tntsi the Grnllda Foundation and other fimders. spojm aud stakeholdets. Many of Ihe museum's stsff were placed oo fi]ll time or part time fjJTlougb leave dwing this year wbicb sup[ed Ibe mu5¢um with mwb ncedcd illcomc frollt the Job Reietilion Memb5 of the public were vay Bellemus in their swrt of PHM over this year with a very successfid crowdfjmthg campaign wbich generated over £50.000 {iDcludiDg a 5igwfjcaDt doDatioD from PHM'S friends at the Rath'cal Tea Towel Com[y} and * dollations onlitie (and 0site wheD the M$tM was able io opth) throughout the year. With the musewn close& the team developed and launched an online thop (hmg this year. aTrJ pe¢Jple were able to support PHM and buy from the shop for home ddl'very aDd click and co]]ect suvicc&
The National Museum olLabour History Company Limited by Guarantee TTUStees' AnnTdal Report Year Ended 5 April 2021 Aclthements and Perf•rmaDtt Locally aJMI DatioDally Ihe paodemit btoughi Ihe museu, art and culture stttor together for mutstsl 5UPPOrt and coUaknratioL PHM played all aclive role in jnany lletworks in Manchester. Gteater mancheeT and DatioDally as organisatioAs restM)nded to the pandemic and wothd together OD joint projects and inththg provid8 crcative tAck5 to houseboid5 in Grea Manch¢st¢Y who eou]dD'¢ easily access oojine conteoi. and debvermg joiot maetIng comp8igDs to promote digital services and to wekomc people back to venues wbea Ibey wete able to OPaL Plans for Future Perfods At the end of 2020121 PHM was ill closed io the public and looking abead to tKin8 abl¢ to 01 again in May 2021 with Ihe planned ffejaxat1 of natiooal covAdtestr1iOlls. The team Continued to deliver activities and servAces ollline for audiences and looked ahead to llg abk to thliva th¢ olD8 prost themes which badbeen delayed aod dwted in 2020121: Exploring miwdtion and re4xamIg the stoties of the throngh the eyes of omD]uniti¢5 wbose lives bave been shw by mition (includmg the Dwse's EU Horizon 2020 funded Qdwrttabs project). Tr museum continued io work with a CoJDmuDity lkngranulle TeaD) made of people whose lives bave been sbaped by MIOn pItM plans to in May 2021 with Mi8Tatson exbibitions on thsplay Inchl0g the More in Common exknTr)itsOll Cotnmemordting the life of Jo Cox MP arml slwing the extaiences and creative conieDt of a WAde range of Iivillg Ati Greater mandttr - as well as a wide rallg¢ of CODllllUDity eX]ll'bitio. Nothkng Abotst Us Wlthout Us This long rerm project explores the repiesenthon of disabled wle. histtxy of disabled people and dwbled people's moven)ents. and their ongoiDg figbt for equality. indepejthllce 2nd inclusion. The has Worked with Sroups. call4)aisllers alld iodividuals to capture Ibeir storie5 and re-exaD)ine how the bistory of dtsabled people and disabled people's movements is repTeselltot This pro8ranll is now plaDned to JauDch in 2022 with reseatch and developDKnt work tsking place in 2021. PHM will bave 8 new ioterim Busjnets P]all iti place f 2021122 which lSD5 with an application to the Arts CouDciI foff an extension of NK) ptovide all oppoitimity for the lo embed the new vision and mission thai was d¢velot*d in 2019120 with 4 ain)s alld 4 priorities for the team to focus wbile the museum Conlin tottspond to. alld coVer the pande.C: l. Jmpact-led eDgageDKnt 2. CelcbTaiing our orieS 3. Bold profile and brath4
Tbe N2tioDal Museum of Labour History Company Limited by Guarantee Trustees, Annual Report Ye4r Ended S April 2021 Pri0riti¢5 l. Access 2nd inclusion 2. Environmeotal impact 3. Digital tt3nsfOniOll 4. tovesrment in the fimre 2021122 will see the museutD appoint a new Cb8ir of Tn (after baving iwo co-cba1 ill p05t for 2 years as an interim arrangement) and thue will also be reauilment of new Board Members to streogthen and diversrfy the Boar expects recovery from tbe pandetDic to be slow. and public bebaviow to bave been chaDged for the long term. A new patth¢tskn'p WAth an ethica] and sustainable calering partDer (00 Kllcben) will add strell8th lo both the museum's visitor expetience and cotnmcrcial offer rot clients coming PHM for events. As emergenry fjmding and the Job Rerention Scheme come to an end in 2021. PHM expects lo have to work bardcr to secure m(re of its own uotestricted income to ej¢ its and r¢si]ieDC¢. FIDandal Revkw The Ststement of Financial Aciivities for the year ts out on page 14. Ihring Ihe year the conditions relating to the funding of the M$¢ by the Gtcater M80clSter Combined AUtIlty (GMCA) and Atts Council England (ACE) We fifi The Tn¢¢5 are monitotillg the effects of the Museutn's closures to visitoTr to Covi&19 from 18 March 2020. DuTing the periods of closuo diptal provision wa5 increased and part of the salary fot any staff unable to work from home was rttlaimed undtt the Job tentio 5challe. The inevitable loss of Trading income bas be¢n noted along with the extra opu*ions costs required to re-open in a safe and weleoming manner. Futtdthg OTgaDisations have assisted with ants to help eovtr some of these costs and the Tte¢S were very gratefi for the Ctwity to recetve one of its largest ever inth'vidual donation amouDts in 2019120. The dorthtion was UDtestiicted 8Dd bad no CODfjict with the Chatity's values. It supported on-goiDg projects. tosts and the long tenn plaDS of the mSe iti 201&22. Quartcrfy budgets. teserves am(Nmts and ffjMdtlure 5avin85 will ci)DliDuc to be mODitoted closely by TnteeS wblist fjJDdraising will be conc¢ntrated OD projects that help er&ile the Charity to work thro this dtfficu]t pmo tn the opinion of the Tntstees. the CIlty.$ I$ts are sufficiellt to fidfil Ihe <>bli8ations of Ihe Clwity.
The Natiomal Museum of Labour Htstory Company Limited by Guarantee Trv5tees' ADnu•l Report Year Ended 5 April 2021 Reserves Pollcy Statement The pu4)ose of the operatiD8 resetve for The National Museum of IAi#)ur .Ory (trading as the People's Hislory Museum) is lo ejjsure the stability of the on-goitig operations of the orgaDisatio The Res¢Tves intended to twvide an ioternal source of for emewncy 5iluaiion5 aod abo to enable cash flow WI high valuc gtanl income 15 to paidiD a[[¢5. The Head of Fltiatice will itiforni the Tn as p1 of thc (Swlerty reportill8 of budgets and fi8ures ai boatd mtttings if and when the use of reseTve5 is likely. Should ally additiollal reserves be The Clwity's core funde£ has stated that they will provide at leasi 3 months. notice with grant monies should they intend to wiilKlrnw fimd5. The TnLStees have attd that this. together with a tsrgeted resave of a quarret of the previous year's unresknctcd nJnnm8 costs (clltTelldy £349.59CI) (5tt noie 10) will enable the Museum to fimction until terall fi]Ing is secuted. The curreni uDrestiicted ftte Teserv¢s are £173.832 {5e¢ note 22) and th15 will be used as and when is necessary. Post-year en the Charity successfjjlly secured £J72.949 of fimding from ACE'S Ojlturdl Recovery Fulld 2 to rethte its uDt¢sttict¢d tesctv¢s and fiuultaising will cootioue to futd the Museum's progrdll]ll and to seek ReSPQDsibilities ofthe Trusttts The Tntte$ (WI are atso the directots ofThe National Museum of Lab HIOry for the puryoses of company law) ate reS51b]e for ptepariDg the Ttee5, Annual Report atyj the financial ststements An accordance with applicable law and Uuiled Killgthm AccouDIiDg Staodards (Uoited Company law requires the TnCeS to tryare fiDallcial statements for each fi]wla1 year. wkn'eh give true and faiT view of the state of affairs of the clwilable coo]paay and ofthe incoming resources and application of resources, illcludmg the iticome aud expelldikne. of the chlble company for that perio(L sdect 5uitsble accountin8 11¢1¢$ and then apply Ihem consithdy. obsCe tbe methods and prilpICS iti tILe Clwities SORP 2019 IFRS 102): nke judgements and accLMmtiD8 eslill]ates that are rcawnable prndenL presume that the c]witsble cowy wilt CODli]n in operatiOJL The trsteeS are restsIble ftr keeping adquate actollryling tccotds that (lisclose with reasonable accutacy at any time the fu1¢1a1 POS¢)1) of the cbatitable Collany and ¢bk them to ¢[re tbat the fiDallaal COD)ply wlth the CotDpaDies Act 2(M)6. They are Also rwible for safeguardmg the assets of the clwitsbk compamy and for tsking rcasonabk steps for the prevention and detection of fralld and other itregutsrities.
Tbe National Museum of Labour History Company Limited by Guarantee Trustees. Annual Report Yegr Ended 5 Apiil 2021 RespoDslbllltle5 ofthe Trth Eath of thr persons wbo is a Tnth at the date of apwov31 of thi% XWcOnfim that: 50 faT a5 they ar¢ awar¢. tbeY¢ is llo rclevpmt audit infontil of wbich thc clwitable company's auditor is [¥re. and they have taken all *eps that they ought to bave 18ken as a Tnle¢ to make tbemsefves awate of any relevant audii inforn]ation and to esthb]ish Ihal the clwitabk compaay's auditor 15 aware of that Inforntio The TTSlee$ ate respoll5ibk for the mainteDancc and Inteity of Ibc co0[ale aDd fitwicial infomtion included QD the charitable cowy's website. t£gis]ation in the United Kingdom ot1JU[l5d1Ctto$. Small Company Provlslo This report Iw been pryed in accordantt with special pyovisions for STllall CouaDIeS Part 15 of tbc Compaw'es Act 21. Signed by order of the Thts1ees C Corkin Date: 17 November 2021
The National Museum of Labour History Company Limited by Guarantee Independent Auditor's Report to the Members olTbe NAtional ofLabour tory Year EDded 5 Aprll 2021 OplllloD We bave audited the financial ststements of The Natio11 Museum of Labour History (the 'parent clwitable con)pany') and its substhry (the 'group'} for the year ended 5 Apnl 2021 which compIise the Consolidated Siatanent of FAt)aticial Aaiviiies (l0atro8 the tncome alld Expenditure AccoW). th¢ Consojidaied and Charity Bakn s1cts. the consolidated Cash Flow Siatement at the latrd note5. Th¢ financial iejw fraurnxk tt&t kos been appbul in tbeir preparati¢)n is 8ppJicable Jaw and United Kingdom AccounliJ)g Standards. ItlUd8 FRS 102 -The Fioancial RepoTtsug StaudaTd aH)licabl¢ io th¢ UK and Repthltc of ]relaDd" (Uoiled Kingdom Generally Accepted AccouniiDg PKactice). ]n 0 Opinio the financial statements: give a true and fair view of the strie of the wup's and of the parent Cblthbk cotnpaDy'S affairs as at 5 April 2021 and of the 8U)4)'s incomin8 resowccs and application of resourtts for tbe year thell ellde(L" have been prOlY preprtd in accwdance with United Kingdom Genually AcceMed AccouDtiDg Practice. aDd Basts for oplDIoD We tonducted our audit in accordance wlth Internall Staadards on Audittng (UK) (tSAs (UK)) and applicable law. Our respM)nsibiltties under those standarth are furtber desctibed in the Auditor's responsibilities for the audii of the finallciai statemellts section of our We are independent of the group alld charitable collw in aCCOTdance WAth the etbical reqUirts that are relevaot to our audit of the fuclaI statemts in the UK inch FRC's Ethical Stajart and we have fulfilled our other ethical respnsibdities in accordance WAth these tequirements. We believe that Ihe audit evldence we have obtsilled is sufficient aDd appTowiate to Ffovide a basis for out opinion. ConduOnS relatlAE to tolnz COD¢ern Ill auditiD8 the fijwicial staiemthts. we have conchmled that the In. use of the going concern basAS of accounting in the prepatation of the Statellnts is approwi Based the work we have pttfonned we bave not ideotified any matetial uocertainties Telating to events or conditions IbaL iadivithjally or collectivety. cast sigwficant doubt on the group's or parent elthritable couyny'5 abthty to continue 18 a going concern f(ff a puiod of at least twelve (kn re5POJksibillti and Ik rc5p)nsibi]ities of the trdstees wlth reScl to going cottem are descri in the relewdnt sections of thls rqM)rt. io
The National Museum of Labour History Company Limited by Guarantee Independent Auditor's Report to the Members ofThe National oflAboMr tory Year Ended S April 2021 Other Informalloll The other inforn)ation compr1 the infomution included ill the annual rem other thaD the fiDancial statements and our auditor's report therefflL The ttustees (wbo ate also the directors of the gro and parent clwitable colltpaDy f the putp)5¢5 of collpny law) are re5POD5ible th¢ othu infornli0 Our opinion oll the financial ststements dots nol cover the other llrfon1(I0ll except to the extent othenvise explicitly stsied in our repn we do not express any form of assurdnce conclusion thereoJL In conlleclioD with OUT audit of the fillaj sfatetneDts our rwibility 15 to read the otheJ illf0Tlll0ll alld in doing so. c(JLsida whetheT th¢ othff ioforn)ation is maithalty inco81Stent with the fi[wla1 5tatemeDts or ¢)llT kJM)wledge obtstlled in the audit or othuwise appears to be materially misstate¢l If we identsfy such mkteriai inconsistencies or appatent mataial misstalemeDts, we are required to deterniine whether there is a metial misstatettmit in the fiDaDcial staiements or a matetial Uli55tatalleut of tbe other Infornti1)tL IC bLd QD the wk w¢ Iwe prfOlle1l we collcl that there is a material misstatemurt of otlKr info[M0 we a wulled to report that facL We have noihmB to ryort ID this OplDk+ns on other matters preS¢rf by the Comp*nles Act 21106 tn our opinioty basedon the work in the cowse of the audit: the infornmtion given ill the tr¢Lee$. repotl which illcludes the direciors. prepared for the putFoses of company law. for the financial year for wbich the fioancial statetnents ate prcpated is coll51¢Dt with the fuwKial ststements" and applicable legal requirncnts. Matter5 OD wblcb we are reqlllred lo report by excep¢loD tn the Jigbt of the knowledge and utthtstaDding of the wup ar the parent ClIable compaoy and their ellvironmenl obtained in the course of the audiL we have not identified tDatuial mi55talementS ill th¢ diredoTS' Teport includd within the tTU5te¢5' rwL We bave nothing to Irp(Yt in rwect of the followiD8 matta5 in relation to Ththich Companies Act 2006 requir us to twrt to you ic ID our opinion: adequate accouDtillg records bave not been kq)t by tr patent charitable company. or returns adequate for our audit ITe not been received fmm brnncbes Dot visited by w" or the parent clwitabk company fiDanC statements are not IA agreement WAth the acc4)uDtinB records and retutDS" cejtsin disclosur¢5 Ot.trSt¢¢s. fanVDeratson 5pccdicd by law not llwde" ot we bav¢ Dot received all the IDforn)ation and explanatioDS we requite for our audit" or the trustees wue not entitled to ptewate the fjnancial statemcllts in accordance with the small compallies. and tske advantage of th¢ 5t[1 cowe5' U¢tDptioDs ID PTepatiDg the
Tbe National Museum of Labour History Company Limited by Guarantee Independent Auditor's Report to th¢ MeIr5 of The National Museum ollAbour History Year Ended 5 Apiil 2021 Responslblullts of tr As explained more fiffly in Ibe Res[lbilltics of the TnLts' Statetllellt set out on pages 8-9. the thtstees (who are also the dectOrS of the and parent clwltsble company for the pwp)ses of CQll4)any law) are respOnb for the preparalion of the fjnancial stAtemerts and for IKing S21isfied that they give a thie and fair view. and for Such illternai control as the tsSt$ ddermitie is necessary to enable the preparation of fillanc Sttlements that ate free from matuial misstatemenL whether due to fraud or Jn preparing the f1twl81 Ststcmts. the trustecs ate tes[ble for assessing Ihe gtoup and parent ban'tsbk ci)mpaDy'S ability Io CODtill as a 80ing coDcellL disclosi &5 applicable, r¢]ated to going concern and usiog the goiog concern basis of accounting UDless Ihe trustees either inlend to liqwdate the paTeDt cban'lable company or to cease operatio. or bave DO realistic altetDative but io do Audltor'5 respo&slbllltles for the audll oftht stateuts Our objectives to obtsin reasonabk assutance aix)ut wbether tbe fJnaDcial stateDMts as a whole are free from nllterial misstateme. wbether dlle to fraud (K error. and to issue an auth'ior's rq)ort th includes our Opinio Reasooable assutance is a bigh level of assurance. but is nol a girantee that an audit ci)nducted in aecordance with ]SAs (irK) will always detect a mataial misslaleUDI wh¢n it exists. Misstatements caD arise from fraud or eOr and are considered maiuial if. iDth'viduaUy or in the aggregate. thry could reasonably io innu¢DC¢ Ib¢ ¢conomic &ci51o of U5¢TS taken ]ttegui&ities. iticludmg frau& are ittstancts of non-complixllce laws and re8ationS. We desigu procethres in line with ow responsibilities. outlined atK)ve. to detect matuial mlsstatements in respect of iuegdan"ti&s. including fJ8ud The specjfic pvr£S for this engagement and the exlenl to wbich these are of detecting iTheguknties. inc1lIng f[21 is detailedbelow. The txtellt to wblth Iht audlt Ivas coltsldtrtd capablt ofdttecdnglegthrfitIes Includlng fraud Our approackn to identsfyms ossessing the li5 of 1¢[131 mi55WemeDI ill r¢spect of irregulan'ties. iocludwg ftaud and non4omp]iaDce with laws al regulations. was as follows: the engaganent prtneI ensured that the aygemcnt tcam colleaively bad the appioprAatc ompelence. capabllilies aud skilL5 to i(kDtify ot recognise DOD-collyliancc with applicable laws alld regulats'olls. we idenlified the ]aw5 8Dd resationS applicable to the youp thmygh dIssiOnS wilh we focused on specific laws atmi regulats"on5 which we Consi may have a direct Mat181 effect OD th¢ fillancial statements owatiw of the CQD]pany. iocludmg Companies Act 2006. the Clwitse5 Art 2011, taxatiou leps]atioJL d•ts WteCti aDtiknibery. eD]pl0ellL environmentsl and health and safety legislatio we assessed the extellt of compliance wiib the laws al identified above through makiDg aLquwies of managemelli attd legal coThestM)ndence. idcDtified law5 aod rwllatioJLS werc communicated within the audit team regularly and the team remaiti alot to iDStartces of non4ou]tsllcc throught the audit. 12
The NatiODal Museum of Labour History Company Limited by Gwarantee Independen¢ Audito5 Reporl to tbe MeDJber5 ofTht Nationd Museum of Labour History Year Ended 5 April 2021 We a&%eksed the sSteptiblIity of the youp's fioancial ststcments to Materi misstatemenL includin8 obtsining aD uodetstgoding of how fraudmigbt (Kcur. ty. frau& their knowledge of actual. sUSCted and alleged frau coDsideTiDg the Intern controls in place to mitigate xisks of fraud aThl non<omptiance with laws aDd regulations. To add5$ Ibc tisk of fraud thtW Manage bias oAd overtide of controls. we: relRtioLship5. tested journal entsies to identify uousual transactio set out in note 3 were indicative of tentIal bias. inTR51igated the ratio[le IKhilld siwficant or tiattsatkn. There iDknere iimitstions in ow audit procethwes desctibed aVe. The more removed those laws rew]]atiolls a frotll fitwKial tsxtLsacIio. the less IW it is that we would beeime awgre of non4ompts'artt. Audititig stsndards also limit the audit pmcedures requittd io identsfy non-compliance with laws and reglatiOnS to enquiry of the dircclors and otlter managcment and the iDspectioD of tegulatory and legal COThesll¢, if any. Matuial misststements 15¢ due to fraud can Iwder io detect Ilwi I1 that )5¢ from aror they may involve dehknie conce3h)ient or collusicrfL A fiwtber dtion of our resw$11I1ts for Ibe gudit of Ibe fina18] ststemcnts is l(Kated on the FArwKial Reporting Council's website al: www.frc. .uklauth'ioe nsibih'ties. This description forn]s part of our auditor's IqL Use of ••r report This rq is made solety to the pareni elwitsble compatry's members. as * b(Mfy. in ieeordance Chapter 3 of Part 16 of the Compari Act 2006. Our awlit work bas been Undc so that we migbt state lo the parcnt clwitsble collwny'5 meD)kn I1 Dlltters we are re][ed to sLgte to them in an auditor'5 report and for no otha putp(K. To the fulle# extent pumK¢ed by Jaw. we do not accept or assume responsibdity to anyone other than the parent cbaritrble and the paTent charitable compny's members as a for our audit rt for this repoIL or for the opinions we bave fornieiL MARIA HALLOWS FCA (Senior Statutory Auditor) or and on belo0[ Statutory Auditor SL George's House 215-219 CbestuRoad MancbesÈer M15 4JE Date: 17 December 2021 13
The National Museum of Labour History Company Limited by Guarantee Consolidated St•lement of FiDAmcig1 Adivities nCorporAting the Dtome and EendIture Accoun¢) Year Ended 5 April 2021 Utsrestrltted Re5ts1ded Total FuJd5 Totsl Funds FuDd5 FoDds 2021 2020 IDcome And endowments ]hDatioDS and kgacies Income from cbarltsble activities.. IAOI512 197282 1I98,794 1.678.213 28.692 (Mher trading activities: Commucial trathng 19.463 422 22974 IA44?71 19.463 422 22974 1ffi41,653 344.075 .776 Investment income lJber incomc Totsl lllcome 197282 2.052.756 Ewdltllrt Expendittwe on Taising fjjtbjs: operations E¥penditure oo charitable attivitses: (14W7) (14J9T) (155.782) io (1?9V62) (1.412.759) 14.403) (314.403) 0.712,765) {1.727.162) (1.900.533) (2.056.315) Total expendlthre Net IAcoJnel(expemdAiDre) IOT the year 3L612 {117,12A) 185W) (3.559) Transfer5 betwttm funds 95* 19JSS Net movemeDt ID f•nds for the yeai. Reconclllathin of funds Totsl brougbt fotwatd Tothl faDds canknl forward 14057 (97 (85,509) (3.559) 46Q148 478205 9,714.853 9.6172 10.181.001 10.095.492 10.184.560 10.181.001 The statement of fircIal activities itKhth all gal aDd10sses recogrrised in the year. 14-
The National Museum of Labour Story Company Limited by Guarantee Consolidated and Charity Balance Sheets As 915 April 2021 2021 2020 2021 2020 Flxed assets Tangible 14 9,455096 9.669.823 9,455096 9.669.823 9A55A96 9.669,823 9,45S898 9.669.825 Cnrrent assets Stock5 Debto Cash at bank and in hand 16 17 25.718 171479 651510 25.979 168.351 594.962 203325 647.054 192.194 489,900 849,707 789292 850379 682.094 CredAtors: Amoonts F2lll•g d•e witlthi One Year 18 (210.111) (278.114) {207W6) 1274.978) Nel CU¥TeDt a55e15 9596 511.178 641433 407.1 16 Total assets less trent Ilabllltles 10.095.492 lo.181.1 lo.0981 10,076.941 Net assets 10.095A92 10.181.IX)1 10.098J31 10.076.941 Fllmds Restiicted incorne fi]ods Unre5tiicted illcom¢ fiwds 9.617287 9.714.853 9.617287 9.714.853 478205 466.148 481,044 362.088 10.095,492 10.181.th)1 10.09WI 10.076.941 21 TotAI funds The net income for the yeat of Ihe part Cbtywa5 £21.390 (2020.. nd expenditure of £7.589). The Tn]stee5 have ptepaTed group accouots io accordance with section 398 of the Componies Act 2006 and section 138 of the Clwities Act 2011. These accouDts are prepared in accordance witb the special tffovisions of Part IS of the Compawes Act re]atin8 to sall Comp¢$ and c{Mllte the annual accounts required by the Companies Act 21x16 and are for circujatson to members of tlle company. These fmancial $eme0 were appmved athj aulhori fw I$e by Ibe Boatd of TnLslee5 on 5 November 2021 and are SIP on its br ty. B Do*uc Tntstee S Lindsay CompaDy RewtionNuDkner. 02041438
Tbe National Museum of Labour History Company Limited by Guarantee Co*solAdaeed Cash Fknv Statement Ytar Ettdtd 5 April 2021 2021 2020 Cash Ilows trom operatlng acllvltles eoshprovldedby operallng ac11¢$ 64118 361.458 Cash kn from iDTestiDg actMlle5 Investment illcome Purchase of protaty. plant aod equitqDent cash used In Invesdng adlwllles 422 1.776 (9992) {153.407) (970} (151.631) Net Increase ID cash ADd eqofvalents Cash and cash equivalents at benIng of year Cash and casb eqnlvalents at eDd ofyear s68 594962 65110 21)9.827 385,135 594.962 Retonclllallon of net t4tttdlt•rt to met tash from operallttg xttlvldts 2021 2020 l¥et expeDdlture for Ihe ytar Adjustments for: Depreciation of tangible assds Decrease l (increase) in stocks IllcTe&se in debioTs (85509) (3.559) 223?19 261 {4.128) (6&003) {422) 66.118 319.363 (7.295) (37.998) 92.723 (1.770 361.458 Iut¢re5t Teceivable Net casb provlded by operatlng acllvllks 16
The National Museum of Labour History Company Limited by Guarantee Note5 to Ibe St•t¢m¢nts Yev EDded S Aprll 2021 l. General IAfonDalloD The ebxrity ts a private Company limited by 81]amttt, regIeI in EDgtand s1 Wales and a rylexed charity in England aod Wales. The addtess of the [CSted office is Left BaDL SpmDmgfields. Mancbestcr. M3 3EIL I Statement ofcompb4Dce Reporting Statthrd appb'cable in the UK and the Republic of ITeland'. Ibe Ststcnmit of Reei)uullended Praeiite applicable to dwities prepanng their accounts in acccfdance with the Financial RetK)lling Standard applicable in the UK and Republic of Iteiand (FRS 102) (Clwities SORP 2019 (FRS 102)) a1 the Clwities Act 20II. The CTrtsrity meets the FRS 102 &fiDition of a pub]ic t*oefit entity. 3. Acconntlmg Pollde5 Basts of Preparatlo The fioancial ststements have been prepared on the histICal cost basis. The financial statements are pr¢paTed in st1]& whicb 15 the fiJnclioDal Cyency of thc entity. Basts ofconsolidall•• The Slatement of FiDancia] Adivities (SOFA) and bal8nte sheet eow]idate the finantittl statements of the Cfrthtity and Its thidiary The reslltts of tbt subsA'dwy are consolidated oll a line by jioe basis. The Cbarity bas availed itself of Pardgrapb 411) of Schedule l of the Snull Companies aod Groups (Accounts and Duector5' Re[) Regulations 2008 and adapled the CoD]paDie5 Act fonDats to Tetlect Ihe special nafuff of the Chan'ty's a¢tsvities. A separate Ststement of Finaooxl Activities and iocome and eXdItre accouDt the CTr1ty has not ell presented because the Cbatity lus lakeD advanlage of tbe exeDtiOn affoTded by section 408 of the CompaDie5 Act Goln% Concern As d¢tsfjed ID th¢ Tn¢¢$. th¢ TnWtt5 hav¢ eaTefidty CQD5id¢ral aud tskeD actioDs io deal WAth the efftcts of Covid-19 on the CTr1ty aT¥J conch]de that it hasn't reSled in ally 17
The Nalional Museum of Labour Hbtory Company Limited by Guarantee Notes to the StAtements Year Ended 5 April 2021 3. AccouDtIBg polldes Judgements and Key SoDrtts ofEsthn*thD Ullcertalnty The prepardtion of the fil.81 ststeJnellts requirts maoagement to make judgemcDts. eslinlates and assumptions that afft the amounts reporled Thex ¢slitD3t¢5 and judgements are colllillually reviewed and are bas¢d on expaience al otheT factots. includmg expectations of SigoAfKant judgai)ents The judgements (yt from those invojw thai management has made in the process of applyiDg tbe Cban'ry's accouDtiDg policies and that have the most sigDAficant effect on the amouDts recognised in the firwiciai statetnents ate as follows: Deterntion th¢r¢ iDdiC8t5 of of the Clwity's I¥Dsibl¢ fLKed assets. Factors taken into consideration inclulk the econoftrric viability and expected future Deteri of Ihc recov¢rabiJity of trade debtot5. A specific PfOViSiOD is tnade against certain debts where ill the OPiDion of the tsvstees the debt is not consideted to be fi]lly TecoveTrble. Key souTccs of esti[[t UDCcty rarely the related actual outcome. The key and otber sources of estimxtion uncenaillry thai have a siwficaDt iisk of causmg a matenai adjustment the catiying amounts of assels and liabtjities within the next financial ycar are as follows: Tanble fjxed assets are depreciated over their usefill liS takmg inlo accouot ffS1th values. where appmpriate. The acts1 lives of the &ssets and residual V8hS 855e5sed annually and nuy vary dependmg on a llumber of factors. Rethl V>h assessments consider issues sllcb as tute matket condAtion& the remai life of the assd and Projected 4bsp)sal values. The canyitig amoutht of such assets is £9.455.896 (2020: £9.669.823). Reeovery of trnde debtots. A speofic provision is ma(k against certain debts wlKte in the opADion of the tnlstecs the debt is not coosideted to be fidty recovcrable. The PTOViSioll Tefiected at the balaoce slleet date is £nil (2020: £nil).
The National Museum of Labour History Cornpany Limited by Guarantee Iyotts to the FlnAcial Sttemtots Yur Euded 5 ApTiI 2021 3. Accountlnz polldff Income and EDdovMts Donations and legacies inching donatioDS. yfts and legaaes and grants that provide core funding or ate of a general nalurc are ffcogDised wlKre theTe is entiileillcnL certainty of receipt The donor 5petifits that the or donolion only be nyd in #CtOu1o8 period&. or entitlement. Jncomc from fiJndTrising trading aclivitiC5 is reco8wsed as earncd as related services are Jnvesltncllt illCOUK 15 ffCO8Di5ed OD aTeceivdbk b15. Governme gT2nt income received from the CorOnavin Job Retention Scheme IMS been recognised on a Teceivable basis ill the StaieDMIt of FinaDcial Activitie5 over the same puiod as Fund Acconlldng Rtstrltted Funds The Clwity h&5 4 restrict income fimd to accoulli for situation5 where a donor rowires tt1 a donati4)n must spellt on a capitsl devekgmtst pxojeci or similar pw. All other fim¢ts are UnTrted income fi115 aud th¢y illch]d¢ tunds used for 5pecifi¢d proj¢cts wbicb cOntribC to the ongoing work of Ihe MuseuDL The fimds held in eacts of these categories are di5c105¢d in Not¢s 20 and 21. Expenditure is recogDisedwben a b'abthty is Costs of generaling funds include those costs i[u¢d in atitacting voluntary income. those Cbaritable activities incluik expenditure associaied with the provision of clwitsble sViCeS and include botb the direct Costs and siwrt costs telalwg to these activities. Siwort costs are those fimctions that assist the work of the Ctwity but do not directly underte cbaritable xtivities. Sw1[ costs indu& back•office costs, fllwice. personnel. PaOll and governance costs which si4)rt Ibe Mu5eutn activities. Resources expended are all<Liied to the particular activity where the com lateS direttly to that activity. Certain other costs. which are attributsble lo MO than one activity. are aFT)ortioned acr055 th¢ cosi categories on the knis of an eslimate of the proportion of time spent by staff on those aclivities. Costs auocated to clwitable activitie5 arc the costs aSCIated with acbieving the elTr2rity's maill objective5.
The National Museum of Labour History Company IAmited by Guarantee Noles to the ThiDcial St¢ements Y¢gr Ettdtd 5 April 2021 3. AtCQUBthig poMde5 AlloralloR ofsUPPOrt costs Support costs bave bcco allOCed between governaDce and oibu slwort costs. Governance costs comprise all costs itNolvmg pliC acccAmtsbility of the Cbatiry and Ats conwb.ance with guiation alld good prddice. Support costs include tetttsal fimdioms and have betn allocated to adivity cost caiegoties on a basis consistent with the se of resourc4 includiog allocating propety costs Fer c8piW staff tosts by the titne 5pcnl and o11 cos15by trirn5a8e. Ftsed Assets All fixed assets are initially rec(Yded at cosL Assets purcbased with a value of £1.{ LY bave been capitsjiscd and iDcluded as fixed asset additi¢)Ds. Depredatio Depreciation is caiadaied so as to lIe off the c05t of all a55cL les5 Its ¢5tiuJat¢d T¢Sidual value. over the usefijl econolllic iifr of thai assd as folkjws: Museum building 'pmeot 3 - 50 years 10 years 10 yeats 50 yeats 10 yea Loog Icasebold buildings Exbibitioll fixkn & fiItlD8S The Museum building iocbyks ith Ihc nIn8 5ltw1u with a lik ofbekn io aDd 50 y¢atS and building fi14)ut costs with a lifr of benveen 3 and 10 years. Stock Stock is included ai the lower of cost OT net tealisable value. DoDaied ltell of stock are co]Sed ai fair value wkn'ch is the amoulli the Chanry would bave been willing to pay for the items on the open markeL Debtors Traik and other debtors are reco8wsaJ at the SettD amount after any ttade discouDt offue(L Prepayments are valual atthe amount prq)aidnet of trade discounts du Ca5b at bal and IR haDd Cash at bank 8JLd cash ill hand illdude5 cash and short higbly liquid iThvcslmeDts with 8 slwrt Dtilty of three monibs or less from the date of acquisition or opening of tlle dq)osit or
The National Museum of Labour History Company Limited by Guarantee Notes to the Thixncial StAtements Y¢ar EDd¢d 5 Aprll 2021 3. AccouDllng policie5 CrtdltOY$ 2nd Pro0$ credAtO aod provisions are rccogwsed wbete the Clwity IS a preseut obligation resultiog from a past evcni that will probabty resuh ill the transfer of filts to a third party and the amount I to settle the d)liwdtioll can be or C]]ated reliably. CreditOTS and provisioTrE are nOnJallYcosQlScd 8t Iheir settlement an1 after allowingfor ally ttade discouots due. The group fll)2nciai a&sets and ftoancial Jia)ihties of a kind that quabfy as basic financial instrumeats. Basic fiJwKial instrUts ate iDilially reCogWd at traosaction value aDd OperatlnE I*ase Agrttments Operatiog lease relltats are charged to Statement of Finmcial Activities on a stsaJsht4ine basis over thc puiod ofthe kase. PeDStoD Costs The employees of the Museum are memtas of the Greater maester Pension Fulld (GMPF). The Schetnc is ad[DiDcted by Tameside MetsopoJitsD Borougb Couacil. The Schen)e provides benefits based OD fi[1 peDsiollable pay. This is a multi-ett4JloyeT sChee where the SIre of assets and liabilities is not sq)arately identifiable. The Museum tths therefore accounted for its peDSiOD costs on a defined contribution basis as pern]itted by FRS102. Contributions to the scheme are cbarged to the Ststement of Fillanci Acti]eS in the puiod to whicb theyrelale. No value is attiibutrjl to exbibits doDated to the Museum because either Ibese assets 8re iDalieJthble (the Chatity 15 proknbited by its govcrninB dorumeDt from dispo8 of Ibe 855ets) or neither a cost nor Dwket value is available for the exbibAL Fxpendjtu which ts tequiTed to preseThe collection ltell is reco8Di5ed in the StateDMIt of FiDancftal Activities when ftt As jocue Tath)ll The Company 15 a registered awity atKI by virtue of its trathng actsvities ID fifilment of tILe objects of the C]]3rity. the Clwity 15 exe[ll from COTatiOn tax on au clwitable activitics. 21
The National Museum of Labour History Company Limited by Guarantee Notes to the FinAnCiAI St*tements Yur Ended 5 April 2021 4a. DooatioD5 ODd aCIes- UnrtslTlcted CollectloD5 Totsl Comms Funds Emgagement OperatloD5 and PR 2021 Total Funds 2020 Glfts and spothyorshlp Glft io kind from malld City 168.717 37.039 6.970 16&717 111,117 20.908 167.730 408.231 23.527 37.039 6969 37.039 6969 Radical Hemes Grants rttefiyable GMCA Busiu¢sffll Sponsotshry) Arts Council Ellgialld Tnt & Foutulations CoronaVin Ji)b Ret¢nlioD Scheme 163.588 8.480 139.139 139.139 9.420 9.420 64.083 64.083 55,598 55.598 163.588 81.794 4.240 69.569 4.710 32.042 27.799 4W70 408.970 21,200 50.767 347,847 328.000 23.550 50,300 160,208 131995 58.495 484J16 653.034 264.162 1001,512 1.496.020 Tolal Comms Funds E•ygement opent10 and PR 2021 Tola] Funds 2020 Arts Council England DcsigDated Development Fund Tntst & Foundations 29.348 19.555 16.781 29.348 19.555 16.781 14.673 9.778 8.390 6.615 73J69 92.493 44.000 41952 National tA>llery Hetitsg¢ Fwxl 13229 13,229 33.073 23.400 22.300 78913 78913 39.456 197.282 182,193
The National Museum of Labour History Company Limited by Guarantee Nots to the ThADciAI Statements YeAr Ended 5 Apiil 2021 Income trom (11¢ab a¢llvll Unre5ts1cted Ullrestiicted Funds Funds 2021 2020 lttcome from curatlaL exbibition and educatiorthl activities 28.692 Commeroal TnibDg OptTatio comnl81 tradmg opeTrtions ]nciPallY telaie to the trading subsidiary conwany. The NatioD81 Museum of Iabour History Trading Company Limite company number 02526352. The profit for The NlODa1 Mw5ewD of Laur History TTadiDg Conw•ny Litnited for the ye ellded 5 Apnl 2021 was £7.881 (2020: £114.780). Investment Income IlnTtstrfftcfed Unrestticted FllDds FutMIs 2021 2020 422 1.776 other Income Unrestrltttd Unrtstiiet&l FuDds Fuods 2021 2020 VAT TYent Insurance receipt 3,150 I924 22974 9. Anatyth ofe4endltUTe om ratslDg funds Ullrestrlcted Unrestricted Funds Fund5 2021 2020 14?97 155.782
Tbe ]YatioDal Museum of Labour History Company Limited by Gwarantee Note5 ¢0 the Fin•Dcial Stsltments Ended 5 April 2021 10. ADatysts oIe4beDdlturn on clwltabk actfvii Co]lectloDs and EIEtMe1ll1 Opuatkns C•mms and Tolal FuDds Total Funds 2021 2020 2WO 9,892 560 292J18 23J91 05 24020 9*92 74.013 23.796 4,415 729.141 57.621 174283 l£aming Conservation Wages & Salatits Employefs NIC PeDSiOn Costs Stsff- casual coverl 292J18 23?91 72.005 146.160 11,695 36.1)02 730.796 SI477 180.012 1(881 18,881 168.717 3.441 80.405 112,661 9.789 47202 168.717 3A41 80.405 112.661 24.473 2A604 1.548 167.730 5.280 72258 178.945 20.341 43.526 Rent and rdtes Light & IKat Repai[5 & MaillieDce Marketing Support Costs Travel & subsistence Legal & professlonal fees Sundry expenditure Telephone Postsge. ptintiDg aod 5tatiollery Depreciation Govemaoc¢ costs- audii 192 7.450 2P52 509 574 7A50 2.052 I29 12.734 1.199 188 510 377 74640 3TI 74ffi39 377 74.640 1.131 223919 3.207 319.363 4050 1.711765 7.885 530,OS7 869511 313.197 1.900.533 Of the £1.712.765 expenditure in 2021 (2020: £1.900.533). £lJ98.362 wa5 cbarged to UDrestticted (2020: £IJ59246) and £314.403 kn restiided fuDd5 (2020: £541,287). 11. Trllsl¢e5 Expemsts No travcl expenses wert ttimbuEsed to tntstecs ill the year (2020.. 1 tntee totall8 £59). The Tnlstees did notreceive any remunuation duting thc year (2020.. £ll. 12. Net Outgol•g Re50•rces Cor the Year 2021 2020 stsff pension CoDttibuti Depreciation Audiiors, remon-AUdIt fee AudAtors' TemuDmtion-Non-Audit fees 180.012 223?19 oso 850 174283 319J63 7.885 1.130
The National Museum of Labour History Company Limited by Guarantee Notes to the Financial Statements Year Ended 5 April 2021 13. Staff Costs and EmolDJDents TotAI staffcosts were follows: 2021 2020 Wages and s212ries S(181 secutity costs Other peloll costs 730.796 4477 180.012 729,141 57.621 174.283 969285 961,045 Pe•sloa obllgatlons The National mSeUm of tAbour Hisiory is an "Admitted Boty to the Greatrr Manchester Pell5ion Fulld (GMPF). GMPF is a multi<mployer defined benefit scheme. itin8 part of the Th¢ last forn1 valuion of the sclKtnc was pcrfollned at 31 Match 2019 by a professi008lly qlIfied actuary usiDs the Trojected Univ ctiM1 Meth The value of thc Fund's assets at that date was £23,844.000.0. It is not possibk to identsfy the sbaxe of dty1tig assets and liabilities beloD8iDg to individu81 panicipaling etnploya5. FiDaDcial assumptions The financial a55uwtiolls undeTIyiDg th¢ valuation were 45 follows: Discount ra CPI Pay incre The valwtion reveakd a smphts of assets conyated with the value of liabilities of £529 millio
The National Museum of Labour History Company Limitsd by Guarantee Nol¢s to the Fltyxttdd Statements Yur EDd¢d 5 APTII 2021 13. Stxff Costs Emoluments (r4 PRrdculars ofemployees: The average head COUDt of employee5 dwillg the year was 34 (2020.. 39). The average of employe£s thjring the year. calculatrd on the basis of fjjll.lime equivalents. follows: 2021 2020 Numirr ofmu5eum stsff Number ofswrt staff 25 27 32 No employce receivrJJ remu of more tbaD £60.IJ)O IkniDg the year (2020.. no). The Board considets its key management pasonoel Coll4 the TThte¢S aDd the Senior Management TeaDL Thc lolal employDKDt knefits incluth8 eDJployer peDsion colltribwioDS of the key maJ4ement pers4)nllel wexe £152.888 (2020.. £142934). 14. T*nOble Flxed Asstts- Group and Chartty Ethlblllo Buudlng (re5trfcttd) F4ufipmtAt Fltdn8s Property Flttlngs Total Cost At 6 April 2020 12.530.726 Additions 385.996 5.233 176220 4.759 103.301 313.151 13.509J94 9.992 At S Aprll 2021 I2.126 391229 180979 103JOi 313.151 I319?86 Depred%¢lon At 6 April 2020 Charge for the 3.195.831 316.454 51.836 45.353 230.097 3.839.571 183.372 10.666 14.851 12,964 223.919 243.061 £1)63A90 At 5 Aprtl 2021 3?79203 327.120 47M19 Net book v4lue At 5 Aprll 2021 Ai 5 Awil 2020 9.15113 9.334.895 6<109 69.542 114392 124J84 55.882 57.948 70.1190 9.45596 83.054 9.669.823
The National Museum of Labour History Company Limited by Guarantee Notes to the TrlnaDcial SttemeDts Y¢ar Ended 5 April 2021 IS. IDve5tments-Chrfty Movement In market vah 2021 2020 Market value at 6 ApDI 2020 MaTket Value at 5 April 2021 Hist(Yical cost at 5 A]1 2021 Analysis of IDveSlMBtS at 5 Aprll 2021 belwttu Unresttlded Funds Rtstrlcted Tolal Ftd$ TO Funds Funds 2021 2020 The National of IAbour History Trddtng Company Limited is a wholly owJ)ed subsidiary of The N*ionai of Labout HiOry. The subsidwy company is Inco0[al¢d iu Ell and Wales. The wincipal activities d18 th¢ yw were nllmiD8 of the Museum shop. CO4N>rate room bire and other income genttation activities. i& stKks Cbarlty 2020 2021 2021 Si(Kk 718 25.979 17. Debtors Cbarfty 2020 2021 2020 2021 115J81 136.954 109513 37298 5&769 645 124.999 35.798 19.418 11.979 Amounts owed by gTOUP UDdethgs Prepaymellts and accrued incorne Other debtots S553 645 19.418 11.979 172.479 168.351 203225 192.194 27-
The National Museum of Labour History Company Limited by Guarantee Notes to the ThDgncAAI Ststements Year Ended 5 April 2021 I& Credltors: Amounts falllng due wlthln one ye Group 2021 2020 2021 2020 Trade creditors AccDJaJs and defe¢d income Other tsxation aJMI Social secwity Other Creth.[S 33?93 173.113 1?73 2232 98.757 175.254 1631 1.472 33}$9 98.424 172255 175.082 1.472 278.114 207.846 274.978 19. Commltmets OptrtlthE IAsts- Cronp Md C&arlty At 5 April 2021 the Charity bad totsl ctytUDiWts noellable cqxaiitig leases as set out 0w. Assets olher tb* land and bulldlD 2021 2020 Opera(IDE luses whlth e4tre: Witbin l year Withm 2 w 5 yeaTS 543 543 20. Resttltled Income Fknts- CroTAP amd Chatlty B4laD¢e It 6 Apdl 2020 IncomiDg Oulgoi Tran5feTS BalaDce at 5 April 2021 Building wt 9.654.624 60229 (183J72) (229) 9.471252 Arts Couocil FgIalld Joseph RowDtree Nesla HJ'sti>ry Maktts on Strike Res[d and 73J69 73.369 26950 (12.429) (3.1K)O) (18.938) 10.555 25.076 (2.410) 37590 Victoria & Albcrt Art Fulld National I HlIage Fund Totsl Fullds 952 (952) 9.0(Kl io.o(K) 33.073 (33.073) 9,71453 197282 (314,403) 19J55 9.617387
The National Museum of Labour History Company Limited by Guarantee Notes to the Financi SttemeDts Yer Ended 5 April 2021 20. Rtstrl¢ted Illcome TrId5- Gronp and Charfty (¢oD(IMMed) The building yant telates to fill rcceAvcd which were only to be Lsed for capitsl expenditure PtoiKrfi Limite41 21. Unrestslded Income FllDds- Gro•p Chrlty Group BlaDce at 6 Aprll Illcoml Ollt20th2 2020 reJoBrces yes0CeS Tr*nrftrs B#l#ntt #t between SAp f•nds 2021 466,148 1.444J71 (IA12,759) (19JS5) 4705 Charfty Balance •t 6 AP IDcomlnt Outgolng 2020 resoDrces resource5 Transfers Balance at between S Aprfl funds 2021 Genernl Fullds 362,088 1539925 (1.401.414) (1955) 481.044 22. Allalfv Net Assets Belween FnDds- Group Tan2iblt Net curyeDt d assets assets TotAI Restsltttd Intomt Fwids Building ants Arts Council Fglad Josq)h Rowntree 9.151.523 319.729 9.471252 73.369 73.369 25.076 25.076 37.590 37.590 10.000 Art FuDd 9.151.523 465.764 9.617287 304,373 985&896 173.832 478205 Total Fwids 639596 10.095.492
The National Museum of Labour History Company IAmited by Guarantee Notes to ibe Thianci StlemeDts Year Ended 5 Apiil 2021 23. Company Llmlted by Guarantee The National Museum of labour 'stOry is a company limited by giilranlee but Tr)t having a slwe capital and is [cSt¢d as acbanty under the Clwities Act 2011. Every member undertakes to contriiKtr to the akscts of the Museum in the event of it beiog wound up while they are a meuts. or withm one year after they ceaK lo be a Iueuthr of Ibe costs. charges and expense of up. ad foi tb¢ adjuslment of the rights of the coDtributffli¢s among IIKU1veS. amounts as may be require& oot exceedmg £1 per 24. Rtlattd Party Tra(0$ Tn accordanee with FRS 102. the Clthtiry discloses rdated p8ty trnwctions that were recogDised in the Statement of FInanci Activlties. Tnttts. rcmuoeTrtion and exper are d105 ' note I l aad remuwalion ofkeyManagatllt PE) is disclosed iu note 13. Dutiog the year two of the Tn¢S declared Ihat a faTrily membu was ¢Dyloyed by the Cllaxity (2020.. 2). The employee5 coocemed were Ell Ba59m £4.932 (2020 - £291) daughter of Tntee JS B&55am (Lord) and Sapil LiDdsay £5JIO (2020- £5.041) WAfr of Te¢ Stevell Lirthy. The figures indicaie the totsl coll to the awity of Ibeir employment including Ewloy¢T5 Nl aud Employu5 Pa10 colltiibutiolls. In both cases appiicalion and intuview prwedures wae followrf no Colffli or si]ficallt benefit was perceived al b)th TtteS declared the Arrtetest aod did not vole on pay scale cbanges that affected a]] sraff. Durlng the year tILe Cb&iry received a gft aid th)[lon of £114,780 (2020- £110.750) from its idiary, National Museum of Labour History TTrling Collwally Iilljited. The balance th £37.298 (2020- £35.798). 25. Auly5ts ofchanges In Net Dtbl At 6 Aprm 2020 CashlloF5 At 5 Aprfl 2021 594.962 56.548 651.510 Total 594962 651.510