Museum of Cambridge Annual Accounts 2020-2021
| COMPANY REGISTRATION NUMBER: | 4 1 2 2 0 5 |
|---|---|
| CHARITY REGISTRATION NUMBER: 3 1 1 3 0 9 | |
| REGISTERED OFFICE: | 2/3 Castle Street |
| Cambridge | |
| CB3 OAQ | |
| INDEPENDENT EXAMINERS: | Ian W Shipley FCCA |
| For and on behalf of: | |
| Prentis & Co LLP | |
| Chartered Accountants and Independent Examiners | |
| 115c Milton Road | |
| Cambridge | |
| CB4 1XE | |
| BANKERS: | Lloyds Bank |
| 3 Sidney Street | |
| Cambridge | |
| CB2 3HQ |
MUSEUM OF CAMBRIDGE PAGE I FINANCIAL ATEmENTS FOR THE YL4R EIYDED 31 MARCU 2021 TRUSTEES, REPORT The trumees. who are a]so dir¢0 of the charity for the puw of the Companies Aci present their annual report together with the firw]cial statements of the Museum of Cambridge for the yeor eod¢d 31st Marrh 2021. The fiJ)ancial stsments ¢ompty with the Cbarities kn 2011. the Companie5 Act 2006, the Memornndum and Articles of Association and Accounting and ReF]llg by Chatilies.. Statement of Recomrnended Practice applicable to charities preparing their arullts in accord with the Fitiaticial Reporting Standard applicabk. the UK and Republic of Ireland (FRS 102) (¢ff¢c¢ive 1st Janu•ry 2019}. CURRENT TRUSTEES Lucy Watk¢r. Chair Bob JobbiDs, Treasurer (COwOPted 2021$ appointment to confjrnied at AGM 2021) Lu¢y Astill Matt Hann Claire Hardy {retiring at AGM 2021) Roger Lilley Liz Morgan Sally Pag¢ Jad( Pishhorn Louisa Trivett (seeknng reaelectiOD at AGM 2021) The trustees wbo served tbe compaY dllrlttg the pernd April lo Mareh 2021 nd up to the date or pproval of the •¢¢ounts are as follows: Ltsey Walker, Ctmtr (appointed 2016, reaP]nd 2019) Bob Jobbins, Trewtrer (co-OPt¢d January 2021. to be aFP)inted at AGM 2021) Lury Astill (aP)inied 2020) Matt Hann (appointed 2020) Claire Hardy (appoin 2018. retiring AGM 2021) Roger Lilley {appoiDied 2020) Matt Lowe {Dominated 2019) Liz Morgan (appointed 2020) Sally Page (appointed 2020) Ja¢k Pislthorn (appointrd 2020) Louisa Trivett (appointed 2018, s#kitig ¢leci10ll AGM 2021) Otber trus¢e¢s who served durltsg thts period were: James Bow¢Ys (reSId S¢ptember 2020) Jane Eade (resigned September 2020) Cbris lagger. Treasurer (reSied October 2020. &ling Trnjurer until julry 2021) Jonathan Latchford (resigned July 2021) STRUCllJRL GOVERNANCE AND MANAGEME Th¢ Museum of Cwnbridge. 2rJ Ca5t]e Stre¢L Canthridge, was originally athniDis¢er by the Cwnbridge and County Foll( Museum Associatio a charithbl¢ tru& which wa5 incorporated as a ¢ompany limited by guarantee in 1947 (ChaTity no. 311309). The Memorandum and Articles of Aswiation were revised in 2016. The legal body respottsl le for th¢ tlluseum and its collections is now as the Museum of Cambridge having adopted the new name atan Extraordinary General Meeting held ott F¢W 13. 2014. It is a Charitable Company limited by guarantee without share wjitsl (company number 412205). In the event of an insolvent dissolution, the members will u¢h contribute £10. A$ set out in th¢ Articl of A550ciatioffj the fijll Board of DIT¢¢ is made up of up to 12 el#t¢d Members of the Museum, I nominee from th¢ University of Cambridge and up to 2 nomin¢e5 from the Friends of the Musewn of Cambridge. making a maximum of15. Th¢ Board of Trustee5 nornially tneets ¢veryn¥o moDth& It during the periodof Covi&19. throughoutFY 20f21 it m¢¢ ¢very month. Apart from Chair and Treosurer w¢ bave link govemots for spxific and stgnifi¢ant ar¢&8 of Eivity. including woting with volunte¢rn healih and safety. UFthting our poli¢ies. GDPIi building mintenance and fundraising. We have Tec¢ntly #dded HR and Equality and Diversiry. Day to day operalions of the tnuseum are managed by the Exctive. with 3 tsSt the OperatiOD5 mager and the Development Matmger. The Ex¢¢
MUSEUM OF CAMBRIDGE PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STRUCTURE, GOVERNANCE AND mANAGEME- eontlttued meets fortnightly and can invite a trwtee or member of $taff to all¢nd. The Board and Exec are advised by Covid-19 working group and a Fundraising Steering Group, both of which include trusiee$. stsff and advisors. The Colle¢iion$ Committee is led by a mernber of staff and supported by trustees and an advisor, and from 2021 the Treasurer is supported by a Finance Committee made up of tntstees and a member of $taff. As indi¢ated. the Board and siaff are sUPPOrted by a team of advisors and w¢ are delighted to be joined by Slthhida Rahmaty an author and historian of Muslim Cambridge. RECRUITMENT AND APPOINTMENT OF TRUSTEES Su¢cession planning and trustee re¢ruith)ent is o significant strand of work for the museum. Durin8 th¢ financial year 221 three trust¢¢s r¢signed, and we would like to thank Jan¢ Eade (link trustee for curntion and historic buildin89), James Bower (link trustee for busin¢s$ development) and Chris Jagger (Treagurer) for all their work on the Board, and for remaining attached to the museum as advtsors. We advertised publicly and recruited 6 new trustee5 with specific skills aligned to the needs of ihe Board.. Lucy Asrill (link truste¢ for Collectiong and fance), Matt Hann (leod tswstee on timdraiskng). Ro8¢r Lilley (link trustee for Health & Safety and GDPIL lead editor for Capturing Cambridge), Liz Morgan (link thtee for Curation and HR), Solly Page {link trustee for Volunteers) and Ja¢k Pishhorn (link trustee for business commerciil development)- &ll Thf]rnied at the AGM November 2020. In January 2021 the Board Cowopied a new Treasurer, Bob Jobbins, who will b¢ presenied to the Members for confjrmaiion ot the AGM in November 2021. Our Articles of Association require a third (or the Closest numb¢r) of tn1¢¢ dirtorS to stand down each year. with the option to b¢ reappolnted. Each trus¢ee be on the Board for a maximum of 9 yegrn (3 perlods of 3 years). The directors lo retire by rotation shall be those who have been longest in office since their last appointment.. the tnte¢S Snding do this year gre Clt4ire Hardy, Jonathan Latchford and Louisa Triv¢ff. Jonathan $tood down in July 2021 ond Claire H8Y will retire at the 2021 AGM. We thank them for their work on the Board and wish them well with Ihelr tUre plans. Louisa Trivett would like to be reappointed as tntstee, and the Board will brin8 her nOminlOn for r¢*l¢ction to the Mnber& at th¢ AGM. The Muyeum of CAmbridge value5 diversity ond is comrnitted to equal opportunities and representstion. We seek io reflect this on the Board ond plan to iD¢rease our diversity in the rtexl round of re¢NiDnent. W¢ Also usually Specify areas of expertise and interesi when r¢cruitin8 new trustees, advertise publicly ond wldely. AIMS, OR1EIVEs AND A1VITIEs FOR THE PUBLIC BENEFIT A$ per our kni¢les of Association (2016) the charity's objects ('Obje¢ts') ore specifically restricted to the following.. the advancement of education by acqutrin8 {wlthin the Museum's Collection Man&gemeDI Policy) housing and ¢xhibiting and conserviDg re5torin8 and repairing obje¢ts and collections of an educational nature and by ¢s¢Ablishin& a¢quirin8, managin8 and maintaining museum& galleries, libraries and other places where such purposes may be a¢hieved. preservin8 the local h¢rita8e and Prenting thi$ to the community and wider public. educational activities based upon I81 history and th¢ museum's art¢facts. As Agreed In JonuBry 2019 I. OUR MISSION: The Museum of Cambridge is a uniqu4 histori¢ $pace where visitors can discover and celebrat¢ the social history and diverse stories of Combridge and its surrounding Breas. We continue to preserve ond interpret a d)aMi¢ ¢oll¢¢tion to unlock the past for preseni and fjjture generations. Connecting communitie5. we provide A sense of place, ideniity and heritag¢. 2. OUR VISION.. ShaTing Stories from the ordinary to the extraordinary. 3. OUR VISITOR EXPERIENCE.. Visitors will enter ourhisiori¢ space, central tothe swry of Cambridge and 1¢$ surrounding$. They will discover the secrets and storie3 that have shaped life today ond will leave feeling they have explored the region in 411 its chara¢ter. 4. OUR STRATEGIC AIMS.. By building & resilient and 8ustsinable organisation. we will: Cr¢ate an ¢Djoyable and engaging visitor experience for all our users, while 8150 increasing our Yisitor numberg. Connect with and strengthen the bonds between the varied communiti¢s in Cambridge and surnunding areas. Contribute to local knowledg¢. understanding Bnd 5kill& y$ing the lleCtIOn and other museum resources. Attrnct families. the broader local community and visitois to the city.
MUSEUM OF CAMBRIDGE PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 AIMS, OWECTIVES AND A1VITIEs FOR THE PUBLIC BENEFIT- ¢ontlDued The trUSt¢es ¢onfwm thatthey have referred to the Charity Commission's general guidance on publi¢ benefitwhen reviewing the charity's aims and objectives and in planning future activities for th¢ y¢8r. STAFF Temporary Museurn Officer.. Jan Wheeler (until end Au8USt 2020) Operation5 and Fa¢ilities Manager.. Maddie Cox (from September 1, 2020) Development Manager.. Atmie Davis. NLHF funded Mus¢um Making Project (from November 2, 2020) Collection5 Officer.. Aimee Flack, NLHF nded Museum Makin8 Project (from November 2. 2020) Communiry pnd Visitor Engagement Officer.. Floren¢ia Nann¢tti. 'Museum of You, activities funiled by Cambridge City Council wt (from April 20. 2020- end Mawh 2021) VOLUNTEERS Our operational, collections, ¢ommunity engagement. w¢b3it¢ and so¢ial media a¢tivili¢s 4r¢ supported by volunl¢ers. IT SUPPORT- Simon Middleton OVERVIEW The Covid-19 pandemic 5thrted ai a ¢ritical time #s we embarked on our d¢volopment pljn for a resilieni and ¥usfainable Social history museum in Cambridge. moving from bein8 volunteer led to an OrganitiOn led by core ieom of profe$sioDal museum staff. The museum ¢10ged to the public in March 2020. and remained ¢los¢d for much of the fman¢ial y¢ar 20r21. with a couple of open window$ in late Summer. Autumn and the pre- Christmas period. This had A massive effeci on our visitor numb¢r5, and we experienced an approximate 90% drop over the year. We are proud to say we weathered the ¢ri3iJ thanks to our 8t8ff, Yolunteers. advlsors and trustoes, the g¢n¢rosity of the publi¢, and support from the goven)m¢nt, the Arts Council, the NLHF, the City Council, SHARE Museum Easi the Association of Ind¢p¢Ddeni Museums and the Cambrid8eshlre ind Huntin8don8hire Famlty Hlstory Soci¢ty. In spite of support from key fvnder5, we became Increasingly con¢erned aboui our core finan¢¢$ dwin8 the year. as tourism collapsed and periods of closure extended. We laun¢hed a major public fillJdrai$lng campaign In November 2020 and are extremely gratsl to ¢veryon¢ who donated to help save the museum. In additiort, the City CouDcil generously 88reed to provid¢ rentrelief forth¢ FY 21122. gnd we have inv¢sted thatsaving ID focused support for the museum in development and Communi110n$, and book k¢¢ping. The Board of Trustees would like to thank every or8anlsation 8nd pernon who has Supported us through this extremely difficult time, and 1$ pleased to report thAt in 5Pite of the challeng¢s it proved lo be an important ond ¢re8tive yeaT for the mu9eum. a time when we recruited new trustees, appointed new staff and ¢onsiderably enlarged our community necwork. We could Dot have monaged withoui ow Temporary Museum Offi¢¢r and her replacemenl in the new role of Operations and FY4cilities Manager, and our volunteers. They ensured we were well rtetworked with museums in the city to slwe lldvi¢¢ and informa¢ion and, crucially. enobled us w reconfigure the museum as a safe and welcorning p18¢e to work ond visit, with som¢ refreshed displlys. In April 2020 w¢ were joined by our new Community and Visitor Engagement Officer io undertake a y¢or-long proje¢1 THE MUSEUM OF YOU (aetivities funded by Cambridge City Council). In March2020 we were awarded $ubsthntial from the NLHF for our 2-year MUSEUM MAKING project. to be accompanied by matched funding from Cambridge City Council. After con9ultation we decided to delay 8nd slwiily 0figUre the projeck and were pleas¢d io appointthe Development Manag¢rand Colle¢tions Offi¢erto stort in November2020. By MAY 2021 the full team was up running with two Community and Visi¢or Ert8a8ement Officers, and we are now a150 SUPPOrted by a new fixed terni role of Communications and Developtnent Offi¢¢r. Museum Making 15 an extremely important project for the museum, involving mtion and evaluation of our Collections. innovative ¢ommunity engagement and the id¢ntification and building of supporter networks in preparation for fijture redevelopment.
MUSEUM OF CAMBRIDGE PAGE 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 OVERVIEW- CONTINUED We hadsomedisappointhL¢nts including newly created exhibitions whichhadto prematurely close. and a museum without visitors is 8 Sad p18c¢. But good things a150 grew out of the lockdowns and ¢xt¢nded periods of closure. We thought more creatively about engaging with old and new audien$ in a Trew 'virtyal'. digitsl, world. As people adapted to Èechnologyp we found that offering online platfonns meant that our audien¢es were often much bigger 8nd with a global reach that is not possible in ackn1 Space. All our team responded to this challenge, making new conia¢ts and partnership4 co-ordinatin8 professional and volunEeer teams in entirely new ways of working. enablin8 our platmed exhibitions to go online. hosting online discussions ond conversations. ereoting new websit¢ learning re50ur¢es with volunteer teams working from home, strengthening the museum web$it¢ offer And 0w1n8 and promo¢in8 the museum Capturing Cambridge wcial history website. Everyone ha5 responded with ex¢eptioThal ¢8re ond attention to detail in very uncertain times, and the Board of Trustee8 would like to extend a spe¢ial thanks io all our stsff and volunieers. and to acknowledge that we appreciate their response and commitment to the museum. As Chair of the Board, I would also like io thank our trustees. many of whom w¢re newtr joining us at the beginning and during the fllwicial year, and became closely involved and supportive in key areos of work with stsff and volunieers. fonning a very strong team. tn spite of the present uncertainti¢$ ond the dOY to our d¢vel¢)pment pl8n5, the Board is encoLwaged by a 2020 report we commissioned from ihe Consultancy Fourth Street which is positive about the poi¢ntial for th¢ development of a social history museum in Cambridge. W¢ would like to thank Cambrld8e City Coun¢il for fimding this report. Also encouraged by the support of our Heritage funders, our individual donors and the City Council, we remain Committed to fmding the invesknent lo h1¢Ye our aim. buildin8 on the NLHF fimded Museum Making proje¢1 and our &ir¢ady strong connections with people and communilies in coni¢Tnporary Cambridge and SUJToundin8 Areas. IN MEMORY OF ALLAN BRIGHAM We would like to acknowledge the very loss of All Brigham who died of cancer in Sep¢emb¢r 2020. He was a recently retired long-terni museum trusiee and fornier Chair ofthe Friends ofth¢ museum. HIS various role$ - as a City Council street ¢leBrKr, unlon repr¢s¢ntative. blue badge guido. local guld¢ extraordinaire. community activist and campaier for quality urban developm¢nts. commi¢Tneni ¢0 the museum And the importance of local hisloryj and good friend to many - mean that he is mu¢h missed by many people throughout Cambridge. You can find our tribuie (initially Bn exhibition in the museum, ted by Carolyn F¢rguson) on our website here IbÉ In fc , tO8ether with an interviow with friends and family broad¢ast from CambTid8e 105 Radio on Christma$ DAY. MUSEUM OPERATIONS Due lo the Covid-19 p8ndeml¢. the Muwum c105ed io the public from Wedn¢sd&y 18th March 2020 for much of the FY20121. Our Temporary Museum Officer managed the museum's closure and Internal 4ctiYity until th¢ delayed arriv41 of Operlon$ and Facilities Manager in September 2020. We setup & Covid-19 working group which followed UK Governmentand Public Health Guidance and conducted a risk asses5rnent of the museum to prepare for r¢opening. The offi¢¢s were reconfigured, display5 refreshed and a one-way route put in place, p¢rspex screens installed including at Fronl of House. gnd other safety measures introduced including the required use of face coverings. and hand ge15 were placed around the museum. ready to reopen io the publi¢ on Thursday 27th August 2020. on reduced hours. Our volunteers were trained and supported to provide a welcoming experience for visito. The museum obtained a 'We'r¢ Good to Go. industry Standard from Visit England to r¢sure visitors and displayed the Track end Trn¢e notice for vi$itors. Th¢ Covid-19 Workin8 Group eontinued w meet to asses5 Government guidance and industry re¢ommendations on op¢rating with the Covid-19 risk. After two months the worsening Covid-19 situation led to a further 4 weeks closuTe in November. We th¢n reopened briefly in De¢ember unlil ti¢r¢d restrictions came into p14ce in time for the ChristmowNew Year holiday period. The museum then remain closed from Sunday 20 December 2020. with staff ¢hecking the building and collections on a roth forthe rest of the FY20121 and in(o'FY21f22 until we were 4bl¢ to reopen on¢e more on 28th May2021.
MUSEUM OF CAMBIUDGE PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 MUSEUM OPERATIONS - CONnNUED Volun¢eers proved inte1 to the mus¢um's success in FY20f21 with continued engagernent onlin¢ and in-person when possible. The Front of House learn returned for re0PIng in August 2020 and SUPPOffed the museum through an uncertain period until the Winr lockdown. With reopening in May 2021, these volunteers are again rebjrning to theirroles and continuing engagement with the museum. Trnintng modules and ¢ommunications weT¢ updated ID the volunteer management software. B¢iter tmpac( with support from Volunteer-lead Tntee. Sally Page. Falling $18tes from the White Horse Inn in the winter of 19120 prompted the City Council to commission Lodge Roofing io Ca out a survey. which extended to the Enid Porter Building. also looking for the ¢ause of damp in the store and entrance wdy. Urgent remedia] WOTk on pipes at the rear of the Enid Porter building (adjacent to Kettles Yard) way ¢wried out by Lodge Roofing in February 2020 and the City Council replaced the slate roofing on the Vlhite Horse Inn in FY20121. Roofing repairs on the Enid Porter building were also agreed by the Board as an urgent priority. Extemal fijllding was required to do this worK and a working group identified the Amey Cespa Community Fund, submitting a fijll application ai FY20121 end. The museum was notified the bid was SueSSl earlyJun¢ 2021, andTaTwer& Hall began work in July 2021. Regular servicing of ¢quipment such as the Lift. Boiler. and f]re and se¢urity syst¢m5 0Urred throughout the FY20121. Museurn business dowrnentation and policies were updated and streamlined. with the support of Trustees. A regular Health & Safety revi¢w occurs every 6 months, and Covid-19 is now iTh¢orporated inio this policy. Data Managem¢nL Privacy Noti¢¢. and Dats Ret¢niion policies were updatel along with conll1 of Lnt¢resL Equality and Diversity. and Safrguording. These poli¢ies are updated on the website and when relevan¢ incorporated into training tnodules. Visitor numbers were affected by the multiple closwes due to Covid-19 with overall FY 20121 with an overall de¢re of approximately 900A ¢0pared with FY19RO. We updatedourmonthlyn¢wsletter, and asmall Social Media team promoted the museum ond Capturing Catnbridge (which grew considerably during thts period) substantially increasing and broadeDiti8 our online audieDces. In the New Year 2021 the Board ae¢d to 8im to fijnd a fixed dedi¢ated Development and CommunicatiODS Officer to support the staff gnd the mweum's onltne enga8ement and fiuthising activity. VOLUNTEERS The impact of Covid-19 on the volunteer programme can't be underestimated. Museum closure led to volunteer role5. in the majority. being paused and teams separated. Understandably over the year some volunteers bave needed io step back or l¢ave the mus¢um. at least for the tirne bein We have a ¢Tent team of 66 (including Trustees) Artd responsibility for volunteer management is spread ro$S staff. who oversee volunteer roles that link to their work. Thi5 year h&s seen us prioritise volunteer wellbein& saf¢ty. keeping in touch and offtring new ways to be involved, where possible and when cawity allowed. We introduc¢d monthly onliDe volunt¢¢r socials to keep in touch and as we welcomed staff, new 'at home. opportunities within Educatio Collection9, Marketing and Fundraising. This saw us w¢lcome new faces and offer new ways for some of our existing team to be involved. whilst restrictions have been in place. From S¢ptember onwards. our Operations and Fa¢ilities Manager led on health and safety and with the support of ¢olleagu¢s, eonsulted the volunteerteam at appropriatr potnts provided bespoke trainin& clear safety guidelines and weekly updates. In additio our volunteer datsbase Better Impa¢t underw¢n¢ an audit by staff. resulting in much more ¢tsrate daffj which will help us to communi¢ate with the team and Celebrate their a¢hievemetts. The success of all this activity is down to the hard work of volunt¢¢rs and staff. They bave had to constantly adapt and ty to build new relatiODship4 with very limited opportunity io meet in PsOn. but throughout have shown creativity, enthusiasm. patience and kindness and the trustees Can't thank them enough.
MUSEUM OF CAMBIUDGE PAGE 6 FINANCIAL STATEMEf4TS FOR THE YEAR ENDED 31 MARCH 2021 VISITOR AND COMMUNrrY ENGAGEMENT The MUSEUM OF YOU activities w¢r¢ funded by Cambridge City Couneil and delivered by the Museum of Cambridge frorn April 2020 to March 2021. The llims were lo continue developing the museum as a culthal hub and centre for local and $ocial history, ihrough a programme of co-curnt¢d exhibitions, family and school activities. and voluThteering opportunities. The delivery of the proposed activities was hugely impacted by the Covid-19 pandemic righi at the start of the programme. A major ou¢come has been an increased online offer. with online exhibitions and digital resources for 5¢hools and families, as well as onlin¢ talks and workshops for both adult and yi)ung¢r audiences. We also liai$ed c105ely with officers in the City Council to provide activity packs for families. We hosted two digital exhhbitions on our website.. DRAIVING CONNECTIONS wa5 4 major piece of work ¢urated by Rebecca Lindum Green¢, yrtist-in-residence at the Institute of Criminology. University of Cambridge. Rebecca developed material from her art project with prisoners. and w¢ hosted three 'live' online discussion sessions with stak¢holders. THE THINGS WE SEE &s an online voluDteer-curated exhibition about objects in our collection the participant voluni¢¢r5 Particularly like, are inter¢st¢d in, or link to a personal story. These are still available on the museum website Online ExhibitjOlls- Tlic Museum of Cambrid We also hosted two physical exhibitions in the museum.. JMPACTI curated by Sophie Park¢r as an outcome of her project at Headway Cambridgeshir¢ aboui brain injuries and the advancement of medical knowledge in WWI. and FORGE created by artist-a¢tivist Hilary Cox Condron, cts-eurated with wmmunity historian Helen Weinstein. Sadly thi5 had to close very soon after li w&s installed in December 2020. but was Itle a11&bIe online Fo e ¥ Resonance-cambrid We were a150 disappointed that the museum had to close soon after the installation of the significani exhibition WOMEN, UNITY, STRENGTH, curated by Corona House with the work of 50 women artists from org8nisations around Cambridge. In O¢tober we held a su¢¢essfiJl day evenL IYEA VING OUR STORI, delivered by three of the artists from Corona House. The work wn$isted of a woven installation that took over the museum courtyard. With in-schools activities suspended. we fo¢us¢d on creating 9 learning resources for schools and families, which can be acc¢$sed from our website. We recrnited volunte¢rs and provided remote opportunities in Fundraising, Leamin& and the subject of Decoloni5ing. The Decolonising Project Team worked on researching an item in the coll¢¢tion with ¢olonial heritage, and engaged with members of the community to re-¢r¢ate the nmiive around the obj¢ct. This Culminated in on online and onsi¢e display Restor R Mu5¢uni - The Museum of Cambrid W¢ were abl¢ to provide 9 volunteer oppornJniti¢& off¢r activities ro 1300 households on low-incomq and participated in 7 city-wide events with our partners, in¢luding Cambridge City Council and the Children and Young People Participation Service, Univ¢rsity of Cambridge Museums. Open Cambridg¢ and the Cambridge Festival. In collaboration wilh Epic Ta1¢5, we ran 8 online Storytelling Sessions for families in Febru half- term. MUSEUM MAKING: THE NLHF And CCC FUNDED PROJECT Museum Making 15 a project nded by The National Lottery Heritage Fund and Cambridge City Council. We are incredibly eful to them for thekr SUPPOrt. The Museum Making project aims to build on th¢ huge Successes of our previou5 projecL 'S¢curing Our Fu(ure', ffijnded by the National Lott¢ry Heritage Fund. Commencing in November 2020 with the recruilmMt of the Development Manager and Collections Officer. the project covers four key area5- Audience developmen¢- understanding who visits, who doesn'L and why. and coming up with a plan to in¢r¢ase our engagement with audiences across Cambridgeshire. 2. Colleciions developm¢nt- to review, rationalise and care betteT for our collection. Community development - to engage with a wider breadth of communities aeross Carnbridgeshire. bringing in new voices to the organisation. 4. Organisational d¢velopment, options appr8i5al and feasibility study to review th¢ potential for significant redevelopment of the Museum. and how that might be achieved.
MUSEUM OF CAMBRIDGE PAGE 7 FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 MUSEUM MAKING: THE NLHF #Dd CCC FUNDED PROJEcf - CONTINUED The proje¢t experienced significant ¢hallenge4 due largely to the impa¢1 of th¢ Covid-19 pandemi¢.. the museurn. and indeed the wurntry. was in lockdown for four of the five month5 thit the project ran in 2020lll. which irnpacted a great deal of the planned tiVity. Nonetheless, the M¢Um Making staff adwed their Pla laking Innovati •pproo¢hes to achievin8 project aims. While extensive audience research could not take plvx during a national lCthk+W we r¢¢rnited a consultancy during this periol to prepare for the reop¢nin8 of the museum. Cultur¢ Syndicates was appointed after competiliye appli¢ation proc¢4 with plans to deliv¢r extensive audiencc research activity on¢¢ the museum is able to reopen. Organis&tional development was significantly (ul¢d on the fimdraisin8 ump11 launched in November 2020. wilh more detail on this outlined in the 'Futthisin8' porti of this rwL Collection d¢v¢lopment fo¢used on reviewin8 policies and predureS appropriate for Accredit&tion, 81on8 with re-introducing environm¢ntsVpest monitorin8. and crealin8 4 buildin8 sile lis¢ for onsite checks durin8 ihe lockdow. We sei up an Acquisition5 Dispoyl$ Committrt support the Collection5 R¢view and Rationalisation work. made up of Tn and Advisors workin8 with th¢ Collections Offi¢¢r. From mid-February, the Collections Officer ciFordinw¢d fortnightly vimMI m¢e¢i08s with the Colleclions Volunteer5. During these sessions, the team discussed ¢oll¢¢iions care mat¢ers in depth to help plan priorities and begin to develop an exhibition ¢oncept litled Reimagining Musewn Labels. We applied for rwo wis to help improve the C8T¢ ofour lIe10n$. The was the ICON Collections Care Stimulus Fun4 to pay for conservation work on p8tntinBs tn the eollection. We are waiting w hear if successful. The second was ihe AIM Pilgrim Tn¢ CollKlions Care Audil for a Consemr to cany out a colle¢iions care audik which we ¥¢ been 4Worded. The Museum Makingteam rep)ff to the Bowd. and the projeci is overseen by the Ex¢¢utive Committee. mode up of the Board'5 Chair, Treasurer and Health 4nd Safety lead trustees. as well 8 Steering Group of ¢xtern41 supporter& which also includes a trustee. Th¢ Collections ole¢r is supported by the University of Cambridge appointrd museum truste¢. Matt Lowe who is Collections Mgnager for the Museum of Zoolo&y, and Carotyn Ferguson, who is Advisor to Tn1¢¢& for Colle¢iions and h8$ extensiv¢ knowled8e of the mus¢um Colle¢tion. The Collectioffj OtTicer also work5 closely with Deborah Walion, UCM Re8ional Conservation OITicer, when planning gnd caing Out ¢onservation matters. and networks with oth¢r or8anisations in the a Cornmunity development. a8ain challenged by the n41ional ldOwn. focused on planning for the recruitment and training of a lell of community curltors. ready for th¢ Mus¢um'$ oPening in the 5Prirn8. CAPTURING CAMBRIDGE The Capturing Cambrid8e w¢bsite C iurln C•mbrid Dls ver C•m rid e¢h hth ¢re&ted by the Mill Road History Project (now Society) 5¢v¢n years a80 and given to the Museum of Cambridge in 2015. It was devised as asi¢e to hold stories posted by members of the public about th¢ local history of people and places in •nd around CarnbTidge. The NIent8[¢W sieadily, comprisingallection of posts and researched monographs (including by Allan Brigham)> phoios, public domain dath from n¥tional censuses and other su¢h sources. The Cambridgeshir¢ Collection And Cwnbridgeshir¢ Archive5 ve provided a wondethl resour¢e of maierial. When the museum building had to Close it became apparent thai the Cap¢uring Cambridge website could become a valuable platfonn for th¢ Museum to rnak¢ 4ccessibl< no¢ only its own collection of photograph5. docurnents and collection dat4 but also virbjal exhibition5 from othersourw. focu5sed on contemporary &% well a5 historical themes. Material from Cambridge City Council 511PPOrted projects such as 'Disability Heriia8e', 'Hersiory'. 'Cambridge Black Heritage, and 'South Asian Hisiory Month. have be¢n visiied many times and, b¢ing web- based, remain on display.
MUSEUM OF CAMBRIDGE PAGE 8 FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 MARCH 2021 CAPTURING CAMBRtDGE- coluED The content of the site now ¢onthins mat#ial not only all from all oveT Cambridge City. but increasingly from the villages and tolS of South Cambridgeshire gnd beyond. reflecting the broad coverage of the Museum's own ¢olle¢tion. There are almost I0,c ¢ntri¢s, many of u)dividual house5 wh¢r¢ inforniation on the lives of the hi5tori¢al o¢¢uponLS can be collected. We have worked with local history wiips, such &5 those irt Tnwin8ton and in Chestertijn, not only hostin8 their but also to provide litikage and publicity to their w¢bsiW and As well as an aver of 7.51)O 'hits' a rnOn the webstte now r¢c¢iv¢s many emails from all over the world. some offering fvrther mawial such as family histories and photos. but also from academics, researchers and family historian$. Responses to all such wuiri¢s are dealt with in a matter of days and are often a fruitfvl source of new infonnation. Capturin8 Cambrid8e has supportedth¢ work of h0O]SSU¢h as St Ma¢th¢w's Prinwy and Hills Road Sixth Fom Coll¢ge. and provides significant opportuniiie5 for the Mus¢um to expthd its activities in the education sector. We hope that this will enable a wider publi¢ engagement in the preservation of knowled8¢ about the peijple, buildings and traditions not only of the urban Centre bui also th¢ wider area which is the social 8nd economic hinterland of the City. We hav¢ 8 small group of vo1unteerreseaherS and contributors whom we thank forth¢ir commitment. We would w¢lcome more. lookin8 at not only at peopk and Stree bui Professions. businesses. m¢dia his¢Ory. arts and Tural life. FUNDRAISING The report re¢¢ived by th¢ Board from th¢ Fourth Srreet consultancy underscored the importance of buildin8 a gustoinable pro8r8mme of fundraisin8 ai th¢ Museum. In respons¢ w this, the Board asked lead fiJndrai$in8 trjstee Mart Hann to write a stn¢egy. which was approved in Augu512020. This strategy sels Out a path io buildin8 a susthinable fiJndraisin& prownune will deliver the philanthropic in¢ome ¢Dvisioned in the Fourth Street T¢POrt'. I withl aspect of income div¢rsification for the Museum. The strat¢8y- with 50 deliverables - fonns a rowjmap for th¢ work of the Fun(fraisin8 Steerin8 Group over the 18-month September 2020-March 2022 perio(L Covid-19 led to consid¢r8ble finan¢i81 uncertainty for the Museum. Although successfvl in obtaining Ernergency Fundin8 from ACE, th¢ Boord decided to launch a publi¢ ndTlS18 campaign in November 2020, with the aim of securing its future by rnisin8 the funds needed to ensure li could again when lockdown w4$ lifted. The fjrst npaign of this type undeffaken by the Mu5ewn. il was • great 5uttess, despit¢ the challenges posed by Ojndraising in lockdown.. no physi¢al fvndraisin8 events. no in-person meetings. no vi$iiors to the Museum gnd ai the star4 a very limiied mailin¥ list. However, di)ni¢ions from more than 300 supporter5, wgether wi¢h fvrther ACE fvndinl as port of the second round of the 8ovemmen¢'S Culture Re¢overy Fund meoni that the £50,000 target was ex¢¢eded and the Museum was able to re•OPtn. The fundraisin8 cwnpaign also accelernied severnl asw of the fvndrnising mtegy: in addition to the money rnised, huge pro8ress was made in nmning online events. in¢luding 8 serie5 ofr¢8ular Cambrid8¢ Talks, utilisin8 direct di8ito1 mark¢¢in8 and rtrlaunching the N¢wsletier, datsbasin& gift processing gnd stewardship. The fundraising ¢ampai8n was also a valuable leorning opportunity for volunteer4 sthff and and should help to embed fundraisin8 within all aspects of the Museum's work. Over the forthcoming yew. we hope io conlinu¢ to expand our ¢fforts. p8rticululy with th¢ addilion of a new member of staff focussing on COTnmurticatioDs and development - a significant expansion in capacity made possible through the 8fdnt of a rent holiday by th¢ City Council, for which we are hugely grat¢fvl. We plan to launch a programme of digitsl and irt-person eventy r¢.launch th¢ Friends prowme. forge corpora PaTtnerships with local busine55es. launch 4n Obje sponsorship scheme. and continue io apply for si8nific•nt grants from governmental arwj foundation fund¢rs. Non¢ of thi5 would have been pos5ibl¢ without the invaluable support ofth¢ volunteers and tsstee5 WIK) make up the Fundraising Sieering Group.. go to everyone who served on this group over th¢ last year. Nor would the progress recorded here have been possibl¢ without the supwjrt of the Museum'5 siaff.. thanks in particular go Annie Davis. who h&8 masterfvlly tran51aied the ideas generatrAJ by the Fundraising Steerin8 Group inlo poli¢ies, procedures and workflow5 that work for th¢ Museum.
MUSEUM OF CAMBRIDGE PAGE 9 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 IT SUPPORT IT support for the Museum divides into three main areas: The physical infrastructure and devi¢¢s owned by the museum such as Pcs and laptops The software used for communication and collaboration. matnly Office365 The public websites. museumofcambridge.org.uk gnd capturing¢ombridge.or8 We are fortunaie that investment irtto these areas in recent years has meant thai the Museum was better placed to handle r¢mote working than it would hav¢ otherwise. For example.. Full lime staff have dedicated laptops so ¢an work from anywhere in rnany situations and, as relatively new devices. have prov¢d more reliable than the old Pcs within ihe Museum. u of Office365 for email by staff and trustees means little support needed other than creating and closing accounls. Additionally widespread use of Teams, ShllrePotnt and OneDrive for Collabolon allows e8sy remote working without the need, generally. to access the in-house file storage. The websites were moved last year io new hosting and so con¢inue to perforni well both with the in¢reased numbers of visitors and the ev¢r-increasin8 number of locations on Capturing Cambridge (now over 9000). The major investsnent in time over the y¢8r w83 to 5UPPOrt ¢reatin8 online exhibitiony and resources, Drawlng Conne¢lions and The Things Ive See both f¢atured custom development to mak¢ them distinct from th¢ main websiie and offer intera¢¢ivity. Some of these leawres have then bBen reused in the learning resources. FINANCIAL REPORT In fLnancial trrnis. th¢ Museum $urviv¢d the 2020-21 yeAr suJprisin8]y well. benefittiA8 from City Council, government, Arts ¢oun¢il and NLHF grnnts. These were desi8ned both to compensol¢ for the impact of Covid-19 on our intome and to allow the museum io ¢onlinue its programme of development. This enabled the museum to n8viWe suc$$fullY & period of great uncertainty and to end the year wiihout having io draw-down rnoney from its reserv¢$. The grBnts were suppl¢m¢nted by an energetic fund-raising campaign. However, durln8 the yeBr there were chan8¢$ both hmong ihe tstee¥ and the stsff, wilh the resignation of the Treasurer, Chris JAgg¢r. in October 2020, although he carried on in on octin8 capactty until 4 new treasurer was Co-opted in Jthuary 2021. Equallyp the new Operations Manog¢r. Maddi50n Cox, wa5 unable lo tske up her posi un¢il September 2020. Bnd then in addilion to her management duties took ov¢r day to day Yesponslblllry for the Museum's fanCeS. The 1&st quarter of the financial year was spent working on ways to $trengthen the Museum's f5nonces. Richard Robertson, a supporter of the museum who is both & City Councillor and a Chartered Accountsni volunteered tts produce 8 sei of a¢eounts for the year under review. The results of hls work are contained in the A¢¢ounts attached to this report, which have been fomally examined by Prentts and Co and submitted to CompBnies' House and lo the Charity Commission as r¢quired by law. AIthou8h totAI income for the year wa8 do compared w FIY 2019.20, the Museum end¢d the year with a $m811 but 9ignificaTht SUTplus. The sharp fall in visits and in Shop sAles were otfset by 8fdntS. ond the MUm ended the year in a strong fmancial position. This will b¢ t¢sted in the year ahead both by the continuing concerns about Covid. but also by uncertainty aboui the overall economic situation. The Museurn currently hAS total reserves of £162295 (2020: £30807) including restricted res¢$ of £62503 (2020.. £46000) of which £46000 is the painiing fund. The Museum hos free resetves of £92389 (2020: £80502). It is the Museum's aim to build up a l¢v¢l of ie5erves to ¢n$ure financial stability in th¢ lon8 filll. IUSK MANAGEMENT A risk strategy for the Museum has been drawn up reviewing ih¢ Various risks gnd putting policies in place to mitigate them. PAY POLICY FOR KEY PERSONNEL The Museum regularly moniiors staff pay comparing salaries with similar posr$ in other orgonisations and taking into a¢¢ount the local employment markei and current lev¢ls of inflation. In April 2015 the trn5t¢e5 adopted the principle of paying th¢ir staff the Real Living Wage (Living Wage Found*ion)- this has been implemented to date.
PAOB10 d W OAth•trb•knlC by.
MUSEUM OF CAMBRJDGE PAGEII FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 INDEPENDENT EXAMfNER'S REPORT TO THE TRUSTEES OF THE MUSEUM OF CAMBRJDGE I r¢p¢)rt to the charity ts1 on my examination of the accounts of the thaTithble company for the year ended 31st March 2021. RESPONSIBILITIES AND BASIS OF REPORT As the charitys trustees of th¢ ¢trthritAble company (and a150 its di[t01$ for the purposes of ctXDPony law) you responsible for the prep8Mion of the accounts in accord with the requirements of the Companies A¢t 2Crf)6 Cthe 2006 Ace). Having satisfied myself thac the a¢counts of the charitabk npanY ar¢ not required to be audited und¢r Part 16 of the 2006 Act and are eligible for independent examin1 I r¢port in respeci of my examination of your charitys accounts as ¢gryi¢d out under section 145 of the Charili¢5 Act 2011 Cthe 2011 Act). In ¢anying out my examination I have follow¢d th¢ Directions given by the Charity Conllnission under sectioD 143(5) Ib) of the 2011 ACL INDEPENDENT EXAMINER'S STATEMENT I have ¢ompleted my examinatson, l ¢onfim thit no matkn have come to my atteIon in ¢onn¢rtion with the ex8mination 8ivin8 me cause to Ixlieve: . a¢¢ounting Tecords wer¢ noi k¢pt in resp#t of th¢ chllritable compY as r¢quir¢d by section 386 of the 2006 A¢t; or 2. the accounts do not accord with those Tecords" or 3. the a¢wunts do not comply with the a¢¢ouniin8 Tequir¢Tnents of se¢tion 396 ofthe 2006 Act other than any requirement that the accounts give a Irue and fair view lCh is noi • matter con5id¢r¢d •5 Pert of an independeni ex0mir¢Lo. or 4. the a¢¢ounts have not been prepar in a¢¢ordance with the methods and principles of the Sthtemeni of Recommended Praciic¢ for ac¢ouAiitig and reFlA8 by charities lapplicable to charities prepaTin8 their o¢counts in accordance with the Financial R¢poniD8 Standard 4>plicable in the UK and Republic of Ireland (FRS 102)]. I hive no concerns 8nd have ¢ome across no oth¢r maffeTS in corKKction with the examination to whi¢h atttiOn should be drawn in thi5 repon in order to enable a prop¢r understsndin8 of the •¢cowits to be reactd. IAN SHIPLEY FCCA FOR AND ON BEHALF OF: PRENTIS & CO LLP CHARTERED AccouNfANTS 2G CLkntRr 2011 115c Milton Road Cambrid8e CB4 IXE
MUSEUM OF CAMBRIDGE (COMPANY NUMBER: 412205) PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 STATEMENT OF FINANCIAL AcfiviTIES UlltriC Restrict Totsl Funds UnstrICted Restricted Totsl Funds Funds Fwids 2021 Funds 2020 culuiE YEAR rNCOME FROM.. Donati¢)n5 and legocies In¢ome from charitable aciivities Operation of museum and shop Other Charithble income and grants 28284 28284 52482 524fl 6323 76057 6323 56125 2378 56125 98683 67034 96305 Investtnent income 187 TOTAL fNCOME 110851 67054 177905 111166 96305 207471 EXPENDITURE ON.. Costs of raising fijnds Charitable a¢iivill¢S- Operntion of muwun TOTAL EXPENDITURE 3367 92499 3367 143050 10589 57721 10589 158502 50551 100781 95866 50551 146417 68310 100781 169091 NEf NCOMFJ(EXPENDITURE) AND NET MOVEMENT tN FUNDS FOR THE YEAR 14985 16503 31488 42856 (4476) 38380 RECONCILIATION OF FUNDS Total Funds broughi forward Total Funds urried fonward 84807 130807 41951 50476 92427 99792 62503 162295 84807 46000 130807 The Sta¢em¢ni of Financial Adiviti¢s inchmles all 88ins and losses reco8ni5ed iti the yeaT. All inwne and eXPdItUre derive fKom continuing 4Ctivities. The At5 on pag¢$ 15 to 21 fonn part of these finJnrial ststements
PAGE13 io 10 7402 4305 4210 22547 CAgh * tlllk 116567 7f14 130 13 14 130107 476ofts c A¢t2(
MUSBUM OF CAMBRIDGE PAGE 14 FiNANCIAL STATEMENTS FOR THE YEAR ENDED 3 MARCH 2021 STATEMENT OF CASH FLOWS 2021 2020 Cash (used inyprovided by opernting al¥la¢S 16 22889 28649 Cash flows from inv¢sttn8 activities Inierest income Purchase of tangible fixed assets Cash (used inywovided by invesiin8 activities (De¢reaseyln¢re8s¢ in ¢ash and ¢ash equivalents in th¢ y¢8r Total Cash and equivalents it the beginning of the year Totsl cash and ¢ash equivalents at the end of the y¢ar 187 (6968) (6781) 16108 (184) (3) 28646 73695 45050 89804 73696
MUSEUM OF CAMBRIDGE PAGE 15 FINANCIAL STATEkfENTS FOR THE YEAR ENDED 31ST MARCH 2021 NOTES TO THE FfNANCIAL STATEMENTS ACCOUNTtNG POLICIES The principle accounting policies Ire su1nm below. The ¥ctIng policies have bxn ¥plied consistently throughout the ¢umi and Fyevious yean. (a) BASIS OF PREPARATION The fina11 sthtements have been prepared in r¢ordan¢e with Accounttn8 and Reporting by Charities.. Styiement of Recommend Pra¢tiee applicable to cbaritie5 preparing their accounts in accordantt with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) se¢ond editton (effective Isi January 2019) (Clwities SORTr (FRS 102)). the Financial Re[lti8 Standards applicable tn th¢ UK and Republic of Ireland (FRS 102) and the Companies Act2(. Musewn of C8mbridge meets th¢ definition of a bIle b¢nefit entity under FRS 102. Assets and liabilities are inilialty recognised at historical cost OT t&¢0 value unless othenvise sthted in the relevant •¢counlinB policy nrfs). The ac¢outMs are prep&&l on • going conc¢rn btsis. (b) FUND ACCOUNTtNG Unrestricted fiuth gre avail•ble for at the disu¢tson of the trustees in fiUther of th¢ general objectives of the charity. Reslricted funds are Subject to restr1d10% on their expBndinwe imposed by the donor. (¢) INCOME RESOURCES All in¢omin8 resour¢es 8re includtrj in the state4nent of fin&)11 activities when the ¢hority is entitled lo the incom¢ and the amowit can be quontified with reosonable ¢Urn¢y. The followin8 Specific poli¢i¢s are applied to particular cate80ri¢s of income.. Voluntary income is received by way of donatlons and gifts and 15 included in fvll in the Statenwit of Financial Activities when re1¥able. Donated 5eryi¢es Bnd facilities aTe included at the value to th¢ charity ere this be quantified. The value of services provided by volunteers has not been included in these accounts. Investment Inco is ilded wlD (elY8b1 lftcomin8 resour¢u from trading throu8h the ¢haritys museum shop aTe wounted ftir when e8rned. Incoming resowces from gran wher¢ related w pufomwKe and specific deliverables ore ac¢ounied for as the chariry earns th¢ right lo Consideration by its perforniance. (d) RESOURCES EXPENDED Expendittwe 15 recognis¢d on •n accrual basis as a liability is in¢wred. Expendiwr¢ includes gny VAT which ¢amiot be r¢Vere4 and is rePd Is part of th¢ expendiwre to vknich it Telares: Costs of geneIng funds ¢onyise the Costs associ8d with attracting voluntary income Ind costs of trading (or fundraising purposes ittcluding the ¢bority$ thuseurn shop and ¢¥fé. Charithble expenditure comprise5 those ¢OSL8 IncUn by the charity in the delivery of its activities and services for its benefi¢iaries. It iD¢ludes both ¢osts that can be all(xated diT¢¢dy to su¢h activiti¢5 those costs of pn indirect nece550ry to support thenL
MUSEUM OF CAMBIUDGE PAGE 16 FtNANCIAL STATEMENTS FOR THE YEAK ENDED 3 1ST MARCH 2021 NOTES TO THE FfNANCIAL STATEMENTS Governance costs include those ¢osts associated with meeting the constitutional and Statutory requircm¢rtts of the charity and include the independent ¢xamina¢ioJ f¢es and ¢osts linked to the operation of the charity's management committee. These are now included within the Charitabl¢ expenditure on the Statement of Financial Activities in llccordance with the new SORP and FRS 102. (e) FIXED ASSETS Fixed assets (excluding inve51ments) are stated at cost less accumulated depre¢iation. The costs of minor additton5, i.e. those ¢05tin8 l¢$s than £IOOO are not ¢apitalised. D¢preciation is provided at rates calculated to WTite off the lt of eoch asset over its expe¢ced ugefvl life. Equipmen¢ is depr¢ciated at a rate of 25% straight line basi5 (fornierly on & reducing balan¢e basis). Heritage Assets are ¢apitalised when specifically purchased. Each asset is reviewed yearly and value om¢nded for any impairn)¢nt. Due to the nature of a53ets held as heritage assets the trustees feel it is not appropriate to depreciate these. DONATIONS AND LEGACIES Totsl Unrestricted Funds 2021 Total Unrestricted Futtds 2020 Gifts 28284 52482 INCOME FROM CHAiUTABLE ACTIVITIES Unrestri¢ied Restricted Funds Funds 2021 2021 Tothl Unrestricted Restricted Funds Fund5 Funds 2021 2020 2020 Total Fund5 2020 Orants: Cambridge City Council ACC National Herilage Esmee Fairbairn SHARE Museum East Cambridge County Councll Shop and food 1¢8 Admissions Lectures. school trip5 and evenLS Other income. including hire 41057 35000 44600 85657 35000 19204 35000 35000 19204 40858 17715 2732 40858 17715 2732 2700 550 2700 550 1534 3733 1534 3733 14127 34738 14127 34738 861 195 861 195 7260 2378 7260 2378 82380 67054 149434 58503 96305 154808 tNVESTMBNT INCOME Total Unrestri¢ied Funds 2021 Totsl Unrestricted Funds 2020 Bank inter¢$t 187
MUSEUM OF CAMBRj[E PAGE 17 FtNANCIAL STATEMENTS FOR THE Y&IR ENDED 31ST MARCH 2021 NOTES TO THE FINANCIAL STATEMENTS Costs of Raising Charitsble Funds Activities Totyl 2021 3367 3367 68305 45243 25631 3871 Staff costs Premises costs (including maintenance) Administration tkpreciation 68305 45243 25631 3871 3367 143050 146417 Cbaritabl¢ a¢tivities are futther analysed between direct tharitable acliviti¢s. 5UPFM)rt and governance costs as follows.. CJwi¢able Costs Support Governan¢¢ Costs Total 2021 Staff costs Premises costs {includin8 matti*nae) Administration Depreciation 68305 45243 68305 45243 25631 3871 23988 3871 1643 113548 27859 1643 143050 5b. Costs of Raising Charitable Funds Activities Total 2020 10589 10589 57438 49510 49425 2129 Staff costs Premises costs (including Jnaints%wice) Administration Deprecialioii 57438 49510 49425 2129 10589 158502 169091 Charitable activities are firthtr analysed beTr¥ direct thari18ble activiti¢S. $14)port and governance ¢osts as follows.. Direci (brithble Support Governance Costs C05LS Totsl 2020 Stsff wsts Premi5¢5 costs (including tnainwwKe) Athninistration Depr¢¢iatton 57438 49510 57438 49510 49425 2129 48377 2129 1048 106948 50506 1048 158502
MUSEUM OF CAMBRIDGE PAGE 18 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 NOTES TO THE FINANCIAL STATEMENTS NET (EXPENDITUREYINCOME FOR THE YE4R This is stated after Charging: 2021 2020 Depreciation ItePendent examiners fe 3871 1648 2129 1048 STAFF COSTS AND NUMBERS Total staff costs were as follows: 2021 2020 Wages and Sa]leS Social security wsts 66846 1459 56579 859 68305 57438 No employe¢ received emoluments of more thao £((}. The avernge nwnber of employees dw th¢ y¢pr. ated on the basis of fidktime equivalents was as follows.. 2021 2020 Administrative and NtOrial stsff The key rnanagement personnel of the Museum of Cambridge are CODsideted to be the Board of Trustees who re¢eive no remuneration. TRUSTEE REMLfNERATION AND RELATED PARTY TrANSACTIONS No members of the managetnent ¢ommitt¢¢ re¢eiv¢d any reMu[atiOn or expenses dwing the current or previous year. No trustee or other person relat¢d to th¢ ¢harity l)ad any interest in any conlTrct or tra0$10 iered into by the charity during the current or previow year. TAXATION The company is considered to pass the tests set in Par8h I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitsble ¢omparny for UK co}ratiOn tax purpos¢s. Ac¢orditt8ly, the company is poiemially exempt from tawion in r¢spect of income or capital gains r¢ceived withirÈ categories ov¢red by Chapter 3 Part I l of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that swh itKome or gain5 are wlied exchsively to charitable pwposes.
MUSEUM OF CAMBRIDGE PAGE 19 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2021 NOTES TO THE FfNANCIAL STATEMEKrs 10 TANGIBLE FIXED ASSETS - CURRENf YEAR Heritage Asset.. Equipment Painting Total COST At 1st April 2020 Additions 35836 6968 46000 81836 6968 At 315t Mah 2021 42804 46000 88804 DEPRECIATION At 1st April 2020 Charge for the year At 3 1st March 2020 31531 3871 31531 3871 35402 35402 NET BOOK VALUE 31ST MARCH 2021 7402 46000 53402 lob. TANGIBLE FIXED ASSETS - PRJOR YEAR H¢ritsge Asset: Equipment Painting Total COST At 18tApri12019 Additions 35652 184 46000 81652 184 At 3151 Mar¢h 2020 35836 46000 81836 DEPRECIATION At Isi April 2019 Char8e for the year Al 31st March 2020 29402 2129 29402 2129 31531 31531 NET BOOK VALUE 3 1ST MARCH 2020 6250 46000 52250 DEBTORS 2021 2020 Trade debtors Other debiors A¢¢Ned income 14410 8137 1855 2046 500 22547 4401 12. CREDITORS.. AMOUNTS FALLtNG DUE WITHIN ONE YEAR 2021 2020 Trade creditors Other ¢rediiors and accruals 3366 4308 1162 2136 7674 3298 13a. MOVEMENT IN LfNRESTiUCTED FUNDS CUPJiENT YEAR Balance at 1st April 2020 Balance at 3 1st March 2021 Income Expendittwe General fund 84807 110851 95866 99792
MUSEUM OF CAMBRJDGE PAGE 20 FNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 NOTES TO THE FtNANCIAL STATEMENTS 13b. PRIOR YEAR Balan¢e 1st April 2019 Balance at 31st March 2020 tncome Expenditure Genernl fijnd 41951 68310 84807 14 Balance at l April 2020 Balance at 31st March 2021 Painling Fund 46000 1632 3250 1618 9600 18796 20537 Fourth St Rep)rt Mus¢um Making Mus¢um of You 19204 35000 408 14463 67054 50551 62503 14b. MOVEMENT N RESTRIcfED FUNDS. PIUOR YEIR Balance at 1st April 2019 Balartce at 31stMarth 2020 In¢ome Expenditiwe Painting Fund SHARE 460¢X) 2732 17715 40858 J5000 2732 17715 40858 35000 3976 Esme¢ Fatil)airn National Heritage Cambridg¢ City Council Friends lknnauon Frients Retail Donwion 3976 500 50476 96305 100781 46000 RESTr]CTED FUNDS Cambridge City Council- was a donation for the Capuwing CambTidg¢ projecL Painiing Fund- is grants given for the Purch of Ward painting and its resiorauon. Tracing Traditions- 1( for the Proj¢rt bjnded by Esme¢ Fairbairn Coll¢crion Fund. Nloal Heritsge- 4 grant from HLFS Resilient Heritsge prowJDmie for the pwpose of employing a full- lune Transitiorjal Pmject Officer and to d¢velop and expand th¢ volunteer workforce. SHARE. A nwnber of small grants, aimed at improYiD8 tr Mllseum's finan¢ial reporting. strengthining its marketing efforts ond supporting volunteers. Fourth Si Report- Grant from the City Cowicil to pay for J business scoping about the viability ond future developmeni of the Mum. We chos¢ # cryy led Fourth stCL whieh describes thems¢lv¢5 as experts in p]a¢e. bridging the gap between the cultural and commercial world5. Mu5¢um Makin8- A tWO•year NLHF grartt to explore the poniial firtur¢ and audien¢es for the muse with funds foT 3 posts- a Development Man88¢r. a Coilec¢ion5 Officer and a Community Fwgement Officier. Runs until December 2022. Museum of You- A twelve month coMMlIY gt frcrfn Cambridge City Cowicil for Community Engagetnent adivities linking the museum with C4mbridge residenL%. with a parti¢ulor focus ott providing
MUSEUM OF CAMBIUDGE PAGE21 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 NOTES TO THE FtNANCIAL STATEMENTS 15a. ANALYSIS OF ASSETS BETWEEN FUNDS iURRW YEAR Tangible Fixed Assets Nef Cutreni Total at 3 1st Mar¢h 2021 General fill Restrided funds 7402 92390 16503 99792 62503 53402 108893 162295 15B. ANALYSIS OF ASSETS BEfwEEN FUNDS. PRIOR YEAR Tanble Fixed Assets Net cunent Totsl ai 31stMarth 2020 General fimd Restricted fimds 4305 46000 80502 84807 46000 50305 80502 130807 16. RECONCILIATION OF NET MOVEM IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Net (expenditsreyincome Add back depreciation charges Deduct interest shown as investing a¢tiVilies De¢reas&(Increw) ill debtors 31488 3871 (187) (18146) 1487 4376 38380 2129 7926 3971 (23576) NET CASH PROVIDED BYI(USED tN) OPERATING ACTIVITIES 22889 28649 17. OD 3 1st March 2021 the clwity had totsl committnents wKler non cancellable operating leases as follows.. Land and Buildings 2021 2020 Expiry date: tn14%s than one year 5983 5983 The Museum Iw a lea5¢ witil Novembcr 2033 but is able to t¢rmiti* it at 3 months notice. ID r¢&lity it is uDlikely to tern]inate and therefore its totsl )MInent over th¢ remainitig perifyj of the lease 15 £303349 (2020- £327311).