MUSEUM OF CAMBRIDGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENfs AND CHARITY INFORMATION CONTEwrs.' PAGE.. Report of the Trustees Independent Exarlliners Report Statement of Financial Activities Balance Sheet 10 Statement of Cash Flows li Notes to the Financial Statements 12-19 These pages do not forni part of the SÉatutory Financial Ststement8 Detailed Statement of FiJwi¢ial Activitie8 21 CURRENT TRUSTEES.. L M Walker M Lowe MJHann R G Lilley {Chair) A Bastin H Wilson A L Herron Dr M Nestor (appointed 2510412024) R McPhee (appointed 2510412024) Dr C Allen-Johnstone (appointsd 2510712024) L Astlll (resigned 0711112024) COMPANY REGISTRATION NUMBER: 412205 CHARITY REGISTRATION NUMBER.. 311309 REGISTERED ofFICE: 213 Castle Street Catnbridge CB3 OAQ INDEPENDEN[ EXAMINERS., Ian W Shipley FCCA For and on behalf ot., Prentis & Co LLP Chartered Accountants and Independent Examiners 115c Milton Road Catnbridge CB4 IXE BANKERS.. Lloyds Bank 3 Sidney Street Cambridge CB2 3HQ MUSEUM OF CAMBRIDCE PAGE I FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT The knstees, who are also directors of the charity for the PUTposes of the Companies ACL present their annual report tDgether with the finallcial statements of the Museum of Catnbridge for the year ended 31st March 2025. The financial ststements comply with the Charities Act 2011, the Companies Act 2006, the Memorandutn and Articles of Associatton and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts ill accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I st January 2019). CUBIiE￿ TRUSTEES Roger Lilley, Chair Adam Bastin Lucy Walker Matt Hanrn Matt Lowe A L He￿On Hannab Wilson Dr M Nestor Dr C Allen-John8tone R McPhee The trustees Trvho served the company during the period April 2024 - March 2025 and Up to the date of approvr41 of the aceounts are as foUoTrv8: Lucy Walker, (Teappointed 2022) Matt Hann (reappointed 2023) Roger Lilley Chair {r¢appointed 2023) Matt Lowe (reappointed 2022) Hannah Wi18on (appoittted 2023) A L Herron (appointed 2023) Dr M Nestor (appointed 2024) Dr C Allen-John8tOlle (appointed 2024) R McPhee (appointed 2024) Lucy Astill (rgsigned 2024) Adatn Bastill (appointed 2023) OBJECTIVES AND ACTIVITIES.. 8 per our Articles of Association (2016) the charity's objects ('Objects') specifically restricted to the following,. the advancement of education by acquiring (withm th¢ Museum'8 Collection Managernent. Policy), housing and exhibiting and coThs¢rving> re8toring and repairing objects and collections of all educational nature and by e8tabli8hillg> acquiTingJ managing and maintaining Museums, galleTie8, libraries and other pla¢es where such purpos¢s may be a¢hieved, preserving local heritag¢ and presenting this to the community and wider publi¢, educational a¢tiviti¢s based upon lo¢aJ history and the Museum's artefa¢ts, For thc Museum of Cambridge, the year 2024-2025 delivered numerous challenge8 and improvements ill our work in the face of seGtor wide clMllenges. This year the Museum was supported with funding from the National Lottery Heritage Fund, enabling vital work to support commercial development, fundraising strategy and Tecovering from the significant building works which ended in 2023-2024. We Spent time re-engaging with the Miiseum's vksitOTS through new monthly talks, raising funds to support our car¢ and collection of CarnbTidge'8 history, Our work with ¢ollections included two temportry exhibitions, a cataloguing project, and the Te-opening of the Museum's ￿quisitIOns. We worked more closely with our commulllty this year. In August 2024 we welcomed a community display in the Dining Room from the Cambrldge Szeged Twinned City Society, and hosted a oommunity made film and soulldscape. We also embarked on our largest community co-curation project ever. funded by the Arts Council England, working with the Caribbean comtnunity to ¢o-curate the Legacies of Ivindrush in Cambridge exhibition whicb opened in April 2025. Our outreach activities continued in full swing, bringing record numbers of famili¢s to the Mugeum for crafts and activity days. We reached a record nutnber of people through our Museutn on a Bike programtn¢, linking up with cotllmunity partners to bring history to lif¢, outside of the Museum. 2024-2025 was also a year of challenges for the Museutn atld the wider charity and heritage sectors. The Cost-of- Living Crisis contioue8 to affect the Museum's income generation through the shop and ticket sales. In addition, MUSEUM OF CAMBRIDGE PAGE 2 4 INANCIAL ST ATEMENTS FOR THE YEAR ELYDED 31 MARCH 2025 TRUSTKES? REPORT much of 2024-2025 wa8 spent rolling out tb¢ planned commercial activity fronL 2023-2024 which was originally disrupted by the significant building works, With the Museum's D￿ectOr on parental leave in 2024-2025, and the r¢8ignation of the DireGtor in January 2025, the Museum's leadership was SUPPOrted by the Board of Trustees and the Engagement and Collections Manager who took on additional Directorial Responsibilitie8 this year. In March 2025, the Museum was unable to appoint a new Director and following advice from regional pthners paused recrnitment until June 2025. This had a contributing delay to delivering planned fundraising and progTan]tlling activitie8, a8 well as continued additional re8pon8ibilities for the Engagemeiit tmd Collectiolls Manager. Vislon, Mlsslon and Values In April 2022, the Museum of Cambridge lauoched a new five-year Strategic Plan for 2022-2027. This was dev¢loped in GIo8e consultation with staff, volunteers, trnsted frienas and supporters and local communities. In thi8 Strategic Platt tbe Mu8eutn sct out the following Vision, Mission, and Valu¢s.' Vlsion We want Cambridge- and the surroundirtg area- to be a place where,. Everyone is able to exploTe, enjoy and contribute to their Eocal histories. Our shared heritage is accessible, open to investigation, and preserved for generations to com¢. A creative connectioll with heritagg inspires communities and fosters a sense of belonging. Missiopz Connecting communities through objects, memoTie8 and conversation. We take ¢are of a unique collection of objects, photos. documents and recordings and ensure it is available lo everyone. The Museum is a space for everyone to share their memories, to be inspired by others,, and ¢reat¢ their We are as conllnitted to conversation as we are to ¢otLs¢rvation, and we will welcome the voices of all Carnbridge's cornmunities. Values Inclusive: We want the Museuin to be a pl&Ge where people can cotm¢¢t with one another and create slwed understanding8 of local historie8, identitie8, and a sense of place. Mindful that we are located wAthin a city that is culturally rich yet al80 the most ¢¢onomiGallyunequal in the UK, we believe thatthe stories 8har¢d by ourMu8eum should retl¢¢t and empower those who call Cambridgeshire home. We are committed to ensiiring that everyone ¢an wiloclc their ¢reative potential tbrougEL access to our shared local heritage, whatever their ability, age, belief, ¢ultural background> gender, race, sexuality, or wealth, by minimxsing or removing the ba￿1¢[5 that prevent people from engaging with our work. Courageous: We are committed to innovating, thking risks. tmd questioning the Sta￿8 quo. We want to ask difficult questions and listen to the answers. We aspire to being brave in our work: delivering important, challenging, and impactfvl events, ¢xhibitsons and programming. Responsible: We will hold ouiBelves to the highest standards of responsible Museum practice, from our ndraising activity and f]nancial management to the care of our collections, We also take our responsibilitie8 to the planet seriously, making environmentally conscious choices to reduc¢ our ¢arbon footprint. When we make mistakes, we will retlect on thein and implemellt rneaningful change. Creative: We see the MUSe￿ll as a place for people and communities to be Greative. Our visitors, Creativity is a continual source of inspiratio￿ whether they're exploring their Ereat-grandparent's Feii-slcating exploits, Gooking up recipes at home from a 100-year-old recipe book. or competing with one another to win the pre5tiEious 'Liar's Medal, (by lelling the most outrageous of lies, of coursel). MUSEUM OF CAIIIBRtDGE PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVIARCH 2025 TRUSTEES? REPORT The Strategic Plan 2022-2027 also Set out four 8trateEiC obje¢tives', Grow and diversify our engagemenL Care for our collection and building. Nurture our volunteers, staff, and trnstees. Achieve financidl sustainability. The tru8ttts confm that theyhave referred to the Charity Comtnission's general Euidance on public benefit when reviewing the charity'8 aims and objectives and in planning future activities for the year. ACHIEVEMENfs AND PEBSORMANCE Styoteglc Objeetlvé.. Grow and diversify our Éngagement In 2024-2025 the Museutn produced two temporary exhil)ition8 and welcomed a new series of comLnunity displays. In total we Welcom￿ 9,897 Visito￿ to the museun] to explore our pennanent and ten]porary exhibitions, This is a slight decrease on the p￿VIouS year of 10,042. Despite increased marketing and outreach activity the Museum received feedback from visitors who thought that due to previous years, buÈlding worlc, the Museum had permanently closed. Which could explain the decline ill visitor numbers. Schools: tn 2U24-2025, thanl(s to funding fro￿ the Allan Briglwn Fujjd and Jolm Coates Charitable Trnst, the Museum worked to develop a pilot education project. This is the first educational visit project we have been able to offer Slllce before the COVID-19 pandemic. This project enabled us to make contact with a variety of schools, develop the resources and planning required to rLm a 8chool8 programme. The retum of school visits has been a significant goal of the Museum, as part of our 2022-2027 strategy. The pilothas enabled us to receive funding from the Cambridgeghlre Community Foundation to recruit a Learning Officer for one day a week, for one year in 2025-2026. We're eKClted to see this fantastic opportunity return to the Museum of Cambridg¢ In 2024 led by tbe Collections Officer and Engagement and Collections Manager, the Museum displayed two major exhibitions. Stories Behind the Stitches and Educating Cambridge. The latter was generously supported by MuSeUn￿ Development Soiith E￿t and PEM, enabling us worlc with local students from Sawston Village College and Hills Road to create llew artworks to display in the ¢xhibition. Throughout 2024 the Museum worked closely with local partller, the African Caribbean Research Group (ACRG) and local students and youiig people, to curate the Legacies of Wijdrush exhibition which went on display in April 2025. Alongside OUT teinporary displays in th¢ attic gallery? the fvIuseiun has opened its doors to conm]imity groups and organisations, hostillg temporary displays in the Dining Room, This has drawn new commullities and visitors to the museum who have not previously engaged with us, Major xhibitions: Educating Cajnbridge: 24th October 2024- 21st April 2025 featuring stones of educatioii in ragged schools, workhouses, and the Vicl'orian classroom. Stories Behind the Stitches.. 27th March- 30th September 2024 featuring examples of disability? health and w¢llbeing through textiles and making. Community Exbibitions: Oui Hungarian Twin City SzeBed and its Cultural Riches: 4th September-4th Novthnber 2024 CAM: A Short FilEn: 4th Tr-ebnw- 31st March 2025. MUSEUM OF CAIIIBRtDGE PAGE 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT In addition to exhibitions, the Museum hosted a series of talks and tours in 2024-2025. With special thanl(s to the National Lottery Heritage Futld, the Museun] was able to host a series of talks and events that brought new topios and research infrrest to the museum. We welcomed 320 people to 13 differellt talks on wide ranging topics, including"Ghosts of Cambrldge and Beyond" Her cÈ￿nbrIdge'. Reframing women's hidden histories", and"The Spinning House" The National Lottery Heritage Funded project, Fir￿ Foundations, Flourishing Futtires also enabled the Museum to develop events, tours and activities that are ainLed and building our operational and financial sustainability, In 2024 we launched a guided tour"ca￿bridge in Context" which explores 2,000 years of Cambridge history, ending in the Museutn with tbe history of the White Horse Irni. With the Carnbridge City Council Com￿ullItY Grant, with both onsite worl(shops and outreach through the Museum on a Bike we reached 2,122 members of the public across 79 events. Of the event attendees at Ollslte workshops surveyed, 66Q/o had not visited the Museutn of Cambridge before. demonstrating a growth in our family audiellce as we continue to develop a relationship with the families of the region. All events provided under this grant were free to access, which helped reduce barriers to accessing cultut21 heritage. Participant feedback particularly reflected this, with one saying they'wouldn't norn]ally be able to do this" if it were paiQ praising the opportunity to "corniect with other local people through arts." Strategic Objective.. Carefor our collection and bullding The woAc begun in the previous year, with thanks to the Foyle Foundation, was cotnpleted. Art on-display audit of the Museum'8 collection was colnpleted, with 1,100 objects reviewed, cleaned, located, and cared for. This was a monutnental effort and resulted in 408 volunteer hours. During this process 193 objects were re-located having been previously "lost" wAthin the MuseunL'S database. Following this project, with tIMnks to the Association of Independent Museums, Art8 Scholars Brighter Day Grant Scheme we completed a framed object catalogue of the museum's store. Ltft unattended and inaccessible since th¢ COVID-19 pandemic closure, 390 objects were akqessed, catalogued, packed and stored. Thiq was supported by 127 hours of vokLmteer tijne over four month8. In 2024-2025 our Collections alld building were better cared for that]ks to funding froJJ the National Lottery Heritage Fund and the Firm Foundations, Flourishing Futures project. Thanlis also to support forni the Fiiends, and fill￿1￿8 frotn Heritage Compass, the museum was able to redevelop the historic Courtyard. After the unplamied bullding work8 in 2023-2024 the Museum courtyard was left in a state of disuse. With this support we have been able to relocate objects insid¢ the Museum, add seating, bio-diverse planting8 and add new intsrpretation foi our outdoor objects. The Museun continues lo worlc to care for the Grade It listed Ivhite Horse Inn. In sujmer 2024, etnergency plumbing work was recruited to keep the Museutrl services open to the public. We continu¢ to worlc with our landlord, the Cambridge City Council on herltage building work and surveys. Tllls included structural siwvey of the heritage building. and InV￿tigationS of a window leak from the 2022-2023 building worl￿. The Engagement &nd Collectioiis Manager with Directorial Re8pon8ibiliti¢8 Spend ¢onsiderable time working with Cambridge City Council contractor8 and surveyors. She also worked to en8ur¢ the Safe and smooth operation and maintenance of the White Hot7e Inn and Enid Porter buildings. SlrategiL, Obj*c¢ive.. Nurture our volunteers, staff and Trustees Working with volunteers is at the bearl of our worlc at the Museum. This year we continued to rely on voLunte¢r support, who play a cnlcial role in sustaining the Museum. We are very gratem for their support, time, expertise and positivity. The Museum volunteer team grew in 2024-2025, with volunteers supporting a¢ros8 Front of House, Farnily Events, Collections Digitising, Shop, MarltliciRls and f>un¢lllorb. hlosl lil￿e ci)118iiYniny havi been rLrAtIini￿1( ￿[1d inieii'iew pro¥e45¢.4 for wliich we thank INsie¢ boih lor Ih¢ir expeiiisL and fi)r Ilieir liiii¢, We Iieve ttls(> review'ed Ilie role of ili(1se 14,ho ￿*Ve advieo lo ihL NIu4tui?I bul are fliil I ru8ttes. ¢realin¥ lh¢ role Df"Ai%oc'ialts.' I'RUSTf:F.S' RF.SPONS11111 ITIES IN, RE.I.AIION I-O FENAN('IAL. SI ATF.MLNTS Thc IwsiLLS Iwhi) are diie¢t¥)rs i)r Museum ol, Cambri(l¥¢ lor thc PknTPLi&e.¥ uf wmpoiiy lawl 8rc rc4poiisible foT prttpaying Ilie"fNslL¢.%' knijiual l Iru.4l2eB lil prppan, fLnanci&l siaiem¢ni% for each fu￿ncI&l year H-hieh Kive a live and lair view (Jf Ih¢' SL31e ol'8fl0irs ¢)f ihe, Lharitabl¢ ¢oMp￿nY and of Ihe ineoittiiig re4oui'c¢$ and appliLalioii kifresutsrceg. in¢ludÈTig thL In¢0￿e and ¢xpciidiiiire. ol'ih¢ chlritablc company foi period. In prepfiriii8 ihese rinaiioial hltalcments, the trusi¢¢y are required i(): %elecl suitahle ttCCOUnikTlk, pr)Iicie% attil Iliets ayply theffi consi.8lciiil>.' obscrye tliL inL*lh(￿.8 and [)I'inciple4 I￿ th¥ f*ppliLable Charities %nRP' make judHenient% ¢ilimAle.% Ilial rtasthable wid prndei)I: £LAie. wlitihLr appli¢ttlile I Ik A*'.¢¥iiiniing S£&iidftrfs hai'e be.en follttw¢d. 4ubjeci EO inalei'ial dephrtui'es Ihai Inust be disblo$ed Kxpl4ined iii thv finY4ncial.8lui¢iiienis-. prepare tl)e linnthci41 %iatttmrnls un Il)e Btsin2. ¢on¢em basis urtle5S It is I￿app￿p1}&ie i() pr&sumc thal the chdritable cnmpat)y will continue in op¢raii(ni. I lie trusie¢* ale rc¥poiL8ibl,. lor kneping i?rop¢r R¢witrunlin¥ recvrth thai d1￿¢1{1￿¢ 14.iili r¢&innahle bL¢III'41.y &l aii>' lime the fiiianLial ijoiittan Ill the chArital)le company aiid t() enable iliem 10 ensiire thai thL financial .41aiemenLS IFThiply widi Ilit Companies Ac,1 )OIYI. Ilikn Chk]'ities A¥1 2011. &li¢J Ilie appli¢Ylble Cliaritieb IA&ctturtlS iiyHI Repongl RegulatiOll$. The INkte£Y yre also respL>n¥ibli' for Aafvguardin8 ih('. assets of the ch8rkiabl¢ Lumponb and thkiu Te&s1)nabl£ >lep.s for lh¥ pre¥eiilion aiid detLLlivD i)f Ir&ud wid othti trregulariÉies. 'riiii reptsri wa% approi'ed b> Ihe tru%levF o und 5igT)ibd Iheix beliall.. by: 2511112_0.I¥ 11 CJ l.11.l.F)' ('14AIR 01 fRUS 4 EJ.451 IN MUSEUM OF CAMBIUDGE PAGE 8 FINANCIAL STA TEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MUSEUM OF CAMBRIDGE I report to the clwity trustees on my exaynination of the accounts of the charitable company for the year ended 31 st March 2025. RESPONSIBILrrIES AND BASIS OF REPORT As the Ch￿Ity'S trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in awordanGe with the requirement5 of tho Companies Act 2006 ('tbe 2006 Act,). Having satisfied myself that th¢ accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and aTe eligible for independent examination, I report in respect of my exarnination of your Gharity's accounts as GaTYied out under section 145 of the Ch￿ItIeS Ath 2011 Cthe 2011 Act,). In Carrying out my examination I have followed the Directions given by the Charity COn￿niS810n under section 145(5) (b) of the 2011 Act. DEPENDENT EXAMINER'S STATEMBNT Since the coD]pany's gr055 incorng exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confjrm that l am qualified to undertake the examination because l atn a member of The Association of Chartored Certified Accountants which is one of the listed bodies. I have completed my examination, I confmn that no matters have corne to my attention in ronnection with the examination giving me cause to believg: l. accounting records were not kept in respect of the ¢haTitable company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those record5" or 3. the accounts do Dot comply with the accounting requirements of section 396 of the 2006 Act other than any requirement tljat the accounts give a 'true and fair view, which is not a matter considered &8 part of an independent examination. OT 4. the aexounts have not been prepared ill accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to ¢haritie5 preparing their accounts in ac¢ordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns have corne across no other matters in connection with the examination to which att¢ntion should be drawn in this report in order to enable a proper tu)derstsnding of the accounts to be reached. SHIPLEY FCCA FOR AND ON BEHALF OF: PRENTIS & CO LLP CHARTERED ACCOUNTANTS 115c Milton Road Cambridge CB4 IXE uu N4US'E,'I IPVI QI L"AM14RID Lk¥,IllPlioii Irom aiEdit under 4eciion 47.1 ofthe Conipanits Ac't 21)Iib Yelaiing ill 2siiiiill compknie% 'rhe nie1n￿'Y% hAI'e tti>l required Ilre kvf3ipdll} lo ol)l¢llll dli audli ot- ili% Jcciiurii% tor ihi., >i',dr in queslioll 11) aiil)rdance ￿.1111 setiioii 47& of die L'nnipani¥% Ai.1 211116. 'I'he diYeLior& aiknoivledge ihvir rLiPiiThsibililleb fi?r Ll.Implyin¥ uiiih the re411irc.iiienl% l)f Ili¢ ALI with re%peci Yo a¢LI)untin2 I'e¢orUs aiid iliv. piepuraiion i)l-acuiUIII%. riieliL lii¥OUlltli have lii'en prepored iii ii¢¢onJari¢¢ willi the pribvi.810114 applicxblL* lo cvnwalli¢s &ubjLi¥rf 14) ihe %ll?éll Li)mpanit$' i-egiin¢. I'hesv tinaFicitsI .slalemvi)LS w¢re APPD>%¥