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 #208 The National Museum of Labour llistory Company Limited by Guarantee *Thchl Statements Ye*r 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 SI￿ets Is 16 Notes to the Financial Statell￿1ts 17to30 The ]Yational Museum of Labour History Company Limited by Guarantee Tru5t¢¢s' Annu21 Report Ytsr Ended S Aprll 2021 Th¢ Tll￿5. who arc abo direcl(u5 for thc of Collw law. have plea5u￿ in ptesenling theirreport and the financ￿ StateM￿ts of the youp for the yearetthd 5 April 2021. Reference aDd Admlntstratfve Det*Ms Regtstered Charfty Name The Natio]￿1 m￿Se￿￿ 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 Novemi*r 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 Res19￿d 6Novemttt 2020 Resisned 6 Novemixr 2020 Resigned 14 May 2021 Resigned 13 May 2021 AP￿l￿ted 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- 219cheS￿R0Od 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 N*1(¥￿1 of IAiw HI￿Ory. The cl￿rIty 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 adr4￿￿te 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 Tn￿ltts of the CTr￿1ty could hold interests. Tn￿e¢S llotify the Company Secr¢lary if Iky aT¢ aware of aDy inslauc¢s of d￿ect or indirecl l*nefit whieh have LKCULTcd as a co]￿eq￿e of theit Tntsittship of the Museum and a forn)al request for this Inforn￿tIon is issued eacb year as 8n agenda item in the October b0￿d meeliD& Ibis accounliDg puiod two of th¢ Ttustces deCla￿d that a fatllilyme]Jts was enwloyed by the Ctthriry. Jn i￿th case5 applicatioo aud interview procedures were followe4 no confiiet or sI￿￿fiCant benefit was pttceived and Tn￿e¢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 Tn￿eeS 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 discu￿l￿g 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 ￿l￿ett 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 faM￿Y llLember wa5 employed by the C]wity. Further detsils provided ID Dole 24. Rtsk ￿￿￿geMent The M￿cum 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 Tn￿tee% art involved iti pwtion of bids PTO8ress is reported when WO￿ cOmn￿Ces. 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 T￿￿tt5 as requir￿. The actions taken are then reported on and Thiewed ai wbsequelli m￿1￿8$. 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 SIn￿th and resP)￿bIll￿eS and ate notitied of staff changes. Salaries for senior staff hAvc been set with the assistance of Manchester City Council's Perso￿1 Department and all stsff paid at t￿1 Govanrne￿ Trtes and nationally a￿ttd conditioos of suvice apply. The National Museum of Labour History Company Limited by Guarantee Tn￿1￿5. 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 Tn￿leeS 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 tthnllc￿t of ¢th￿allOn 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 CUItt￿al history of Great BritsiL Th￿C 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 In￿1ve6 in ideas i￿rthfight￿gIOr.' ida7s such os e4uality. socialjuslic4 Cowoperalion. andofair worldJorall. At the start of 2020ni PHM Iwlillst celebrated its tenth brthday si1￿C its Tmv buildiDg was opened in 2010 as well as its thirtietb aDnivetsary t¢ing in Greater man￿￿51￿. The published an Jmpact Rcport demoTrstraiing the impact of the Organi￿0￿ over the previous decade wbich was launched with key fjjlldus and slakd￿ldCQ 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 20-3￿A 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 pro￿tS online for a wide range of audiences - moving plaDDed aclivity onto di￿￿1 platforn￿ and creating J)ew online conlent to eJJ8age 3￿j1￿￿$ 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 st￿les for knib'es with yOUll8 childta. Doodk Den resou￿eS and activities to siwort children's creativity at 1￿c. Vit81 Voius resou￿. competitions and YouTube cbannel for secondary school pwijs Radical late5 oll]ille with of iKx)kable events Ell￿ed 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 tr￿lD8 closed (aP￿rt 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 resca￿kn and plan Migrdtion t%￿bItionS and interveatiolls which could be dwlayed the MUSa￿WaS 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 dI￿tal 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 Contim￿d io provide excellent govenkance. support and direction for PHM dwin8 the paodemic with the leadersbip of its two C￿Chairs. The museutll conlinued to bave tepresentation on the Board from its major PaTth￿ GT¢8ttt Mallehestrr Comb]r￿d Authority. Manchester City Council and The Tth u￿0￿ 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 H￿Itsge 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 Memb￿5 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 0￿site wheD the M￿$t￿M 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 manche￿eT and DatioDally as organisatioAs restM)nded to the pandemic and wothd together OD joint projects and inththg provid￿8 crcative tAck5 to houseboid5 in Grea￿ Manch¢st¢Y who eou]dD'¢ easily access oojine conteoi. and debvermg joiot ma￿etIng 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 0￿1 again in May 2021 with Ihe planned ffejaxat1￿ of natiooal covAdtestr￿1iOlls. The team Continued to deliver activities and servAces ollline for audiences and looked ahead to ￿ll￿g abk to thliva th¢ ￿￿o￿lD8 prost￿ themes which badbeen delayed aod dwted in 2020121: Exploring miwdtion and re4xamI￿g the stoties of the throngh the eyes of omD]uniti¢5 wbose lives bave been shw by mi￿tion (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 MI￿On pItM plans to in May 2021 with Mi8Tatson exbibitions on thsplay Inch￿l0g 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 mand￿ttr - 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 tt3nsfOn￿iOll 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 (0￿0 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 M80cl￿Ster Combined AUtI￿lty (GMCA) and Atts Council England (ACE) We￿ fi￿fi 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 T￿￿te¢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 m￿Se￿￿ iti 201&22. Quartcrfy budgets. teserves am(Nmts and ffjMdtlure 5avin85 will ci)DliDuc to be mODitoted closely by Tn￿teeS 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 CI￿lty.$ I$￿ts are sufficiellt to fidfil Ihe <>bli8ations of Ihe Clwity. The Natiomal Museum of Labour Htstory Company Limited by Guarantee Trv5tees' ADnu•l Report Year Ended 5 April 2021 Reserves Pollcy Statement The pu4)ose of the operatiD8 resetve for The National Museum of IAi#)ur ￿.￿Ory (trading as the People's Hislory Museum) is lo ejjsure the stability of the on-goitig operations of the orgaDisatio The Res¢Tves intended to twvide an ioternal source of for emewncy 5iluaiion5 aod abo to enable cash flow WI￿ high valuc gtanl income 15 to paidiD a[[¢￿5. The Head of Fltiatice will itiforni the Tn￿ as p￿1 of thc (Swlerty reportill8 of budgets and fi8ures ai boatd mtttings if and when the use of reseTve5 is likely. Should ally additiollal reserves be The Clwity's core funde£ has stated that they will provide at leasi 3 months. notice with grant monies should they intend to wiilKlrnw fimd5. The TnLStees have a￿ttd that this. together with a tsrgeted resave of a quarret of the previous year's unresknctcd nJnnm8 costs (clltTelldy £349.59CI) (5tt noie 10) will enable the Museum to fimction until ￿ter￿all￿ fi￿]Ing is secuted. The curreni uDrestiicted ftte Teserv¢s are £173.832 {5e¢ note 22) and th15 will be used as and when is necessary. Post-year en the Charity successfjjlly secured £J72.949 of fimding from ACE'S Ojlturdl Recovery Fulld 2 to rethte its uDt¢sttict¢d tesctv¢s and fiuultaising will cootioue to futd the Museum's progrdll]ll￿ and to seek ReSPQDsibilities ofthe Trusttts The Tn￿tte$ (WI￿ are atso the directots ofThe National Museum of Lab￿￿ HI￿Ory for the puryoses of company law) ate reS￿￿51b]e for ptepariDg the T￿￿tee5, Annual Report atyj the financial ststements An accordance with applicable law and Uuiled Killgthm AccouDIiDg Staodards (Uoited Company law requires the Tn￿CeS to tryare fiDallcial statements for each fi]w￿la1 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 expelldikn￿e. of the ch￿l￿ble company for that perio(L sdect 5uitsble accountin8 ￿11¢1¢$ and then apply Ihem consithdy. obsC￿e tbe methods and pri￿lpICS iti tILe Clwities SORP 2019 IFRS 102): n￿ke judgements and accLMmtiD8 eslill]ates that are rcawnable prndenL presume that the c]witsble cowy wilt CODli]n￿ in operatiOJL The tr￿steeS are rest￿sIble ftr keeping adquate actollryling tccotds that (lisclose with reasonable accutacy at any time the fu￿1¢1a1 POS￿¢)1) of the cbatitable Coll￿any 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 infon￿til￿ of wbich thc clwitable company's auditor is ￿[￿￿¥re. and they have taken all *eps that they ought to bave 18ken as a Tn￿le¢ to make tbemsefves awate of any relevant audii inforn]ation and to esthb]ish Ihal the clwitabk compaay's auditor 15 aware of that Inforn￿tio The TT￿Slee$ ate respoll5ibk for the mainteDancc and Inte￿ity of Ibc co￿0[ale aDd fitwicial infomtion included QD the charitable cowy's website. t£gis]ation in the United Kingdom ot1￿JU[l5d1Ctto￿$. Small Company Provlslo This report Iw been pryed in accordantt with special pyovisions for STllall Cou￿aDIeS 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 Natio1￿1 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 (l￿0￿￿atro8 the tncome alld Expenditure AccoW￿). th¢ Consojidaied and Charity Bakn s1￿cts. 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. It￿lUd￿8 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 Cb￿lthbk 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 prO￿lY 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 reqUir￿ts that are relevaot to our audit of the fu￿claI statem￿ts in the UK inch* FRC's Ethical Sta￿jart 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. Condu￿OnS 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 Statell￿nts 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 reS￿cl 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 inforn￿li0 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 illf0Tll￿l0ll alld in doing so. c(JLsida whetheT th¢ othff ioforn)ation is maithalty inco￿81Stent with the fi[w￿la1 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 m*etial misstatettmit in the fiDaDcial staiements or a matetial Uli55tatalleut of tbe other Inforn￿ti1)tL IC bL*d QD the w￿k w¢ Iwe p￿rfO￿lle1l we collcl￿ that there is a material misstatemurt of otlKr info[M￿0￿ 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¢L￿ee$. 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 C￿￿lIable 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 I￿Te 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.tr￿St¢¢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¢ Me￿I￿r5 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 d￿ectOrS of the and parent clwltsble company for the pwp)ses of CQll4)any law) are respOn￿b￿ 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 ts￿St￿$ ddermitie is necessary to enable the preparation of fillanc￿ Sttlements that ate free from matuial misstatemenL whether due to fraud or Jn preparing the f1tw￿l81 Ststcm￿ts. 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 stateu￿￿ts 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 gi￿rantee that an audit ci)nducted in aecordance with ]SAs (irK) will always detect a mataial misslaleU￿DI wh¢n it exists. Misstatements caD arise from fraud or e￿Or 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 re8￿ationS. 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 p￿￿￿vr£S for this engagement and the exlenl to wbich these are of detecting iTheguknties. inc1￿lIng f[2￿1 is detailedbelow. The txtellt to wblth Iht audlt Ivas coltsldtrtd capablt ofdttecdngl￿egthrfitIes Includlng fraud Our approackn to identsfyms ossessing the li￿5 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 res￿ationS applicable to the youp thmygh dI￿￿ssiOnS wilh we focused on specific laws atmi regulats"on5 which we Consi￿ may have a direct Mat￿181 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]pl0￿￿ellL 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 through￿t the audit. 12 The NatiODal Museum of Labour History Company Limited by Gwarantee Independen¢ Audito￿5 Reporl to tbe MeDJber5 ofTht Nationd Museum of Labour History Year Ended 5 April 2021 We a&%eksed the s￿SteptiblIity of the youp's fioancial ststcments to Materi￿ misstatemenL includin8 obtsining aD uodetstgoding of how fraudmigbt (Kcur. ty. frau& their knowledge of actual. sUS￿Cted and alleged frau coDsideTiDg the Intern￿ controls in place to mitigate xisks of fraud aThl nonh￿ 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 Fln*Acial St*temtots Yur Euded 5 ApTiI 2021 3. Accountlnz polldff Income and EDdovM￿ts Donations and legacies inch￿ing 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 #CtOu￿1o8 period&. or entitlement. Jncomc from fiJndTrising trading aclivitiC5 is reco8wsed as earncd as related services are Jnvesltncllt illCOUK 15 ffCO8Di5ed OD aTeceivdbk b￿15. 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 tt￿1 a donati4)n must ￿ spellt on a capitsl devekgmtst pxojeci or similar pw. All other fim¢ts are UnTr￿ted income fi￿115 aud th¢y illch]d¢ tunds used for 5pecifi¢d proj¢cts wbicb cOntrib￿C 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 s￿ViCeS 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 undert￿e cbaritable xtivities. Sw1[￿ costs indu& back•office costs, fllwice. personnel. Pa￿Oll and governance costs which si4)￿rt Ibe Mu5eutn activities. Resources expended are allllery 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 (1￿1¢ab￿ a¢llvll Unre5ts1cted Ullrestiicted Funds Funds 2021 2020 lttcome from curat￿laL exbibition and educatiorthl activities 28.692 Commeroal TnibDg OptTatio comn￿l81 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 N￿lODa1 Mw5ewD of La￿ur 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 T￿Y￿ent Insurance receipt 3,150 I9￿24 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 E￿IEtMe1ll1 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 & MaillieD￿ce 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 I￿29 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 tn￿tee totall￿8 £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, rem￿￿on-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 pe￿loll costs 730.796 4477 180.012 729,141 57.621 174.283 969285 961,045 Pe•sloa obllgatlons The National m￿SeUm of tAbour Hisiory is an "Admitted Boty to the Greatrr Manchester Pell5ion Fulld (GMPF). GMPF is a multirate 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 S5￿53 645 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. Commltme*ts Optr*tlthE IAsts- Cronp Md C&arlty At 5 April 2021 the Charity bad totsl ctytUDiWts no￿￿ellable 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 F￿knts- 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 F￿gIalld 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 H￿lIage Fund Totsl Fullds 952 (952) 9.0(Kl io.o(K) 33.073 (33.073) 9,714￿53 197282 (314,403) 19J55 9.617387 The National Museum of Labour History Company Limited by Guarantee Notes to the Financi￿ St*temeDts Ye*r Ended 5 April 2021 20. Rtstrl¢ted Illcome TrI￿d5- 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 Ch*rlty Group B*laDce at 6 Aprll Illcoml￿ Ollt20th2 2020 reJoBrces yes0￿CeS Tr*nrftrs B#l#ntt #t between SAp f•nds 2021 466,148 1.444J71 (IA12,759) (19JS5) 47￿05 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) (19￿55) 481.044 22. Allalfv Net Assets Belween FnDds- Group Tan2iblt Net curyeDt d assets assets TotAI Restsltttd Intomt Fwids Building ￿ants Arts Council F￿gla￿d 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￿ St*lemeDts 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 [c￿St￿¢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. a￿d foi tb¢ adjuslment of the rights of the coDtributffli¢s among IIKU￿1veS. 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. Tn￿ttts. rcmuoeTrtion and exper￿ are d￿105￿ ' note I l aad remuwalion ofkeyManagat￿llt 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 Tn￿tee JS B&55am (Lord) and Sapil LiDdsay £5JIO (2020- £5.041) WAfr of T￿￿e¢ Stevell Lirthy. The figures indicaie the totsl coll to the awity of Ibeir employment including Ewloy¢T5 Nl aud Employu5 Pa￿10￿ colltiibutiolls. In both cases appiicalion and intuview prwedures wae followrf no Colffli￿ or si￿]ficallt benefit was perceived al￿ b)th T￿￿tteS 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. Au*ly5ts ofchanges In Net Dtbl At 6 Aprm 2020 CashlloF5 At 5 Aprfl 2021 594.962 56.548 651.510 Total 594962 651.510