IRIS Accounts Production v26.1.0.640 Other Company accounts True false Pounds 1.9.25 31.3.26 31.3.26 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05114387 2025-08-31 05114387 2026-03-31 05114387 2025-09-01 2026-03-31 05114387 2024-03-31 05114387 2024-04-01 2025-08-31 05114387 2025-08-31 05114387 ns0:CharitableCompanyLimitedByGuarantee 2025-09-01 2026-03-31 05114387 ns15:PoundSterling 2025-09-01 2026-03-31 05114387 ns11:FRS102 2025-09-01 2026-03-31 05114387 ns0:IndependentExaminationCharity 2025-09-01 2026-03-31 05114387 ns11:SmallCompaniesRegimeForAccounts 2025-09-01 2026-03-31 05114387 ns11:FullAccounts 2025-09-01 2026-03-31 05114387 ns0:CharitiesSORP 2025-09-01 2026-03-31 05114387 ns0:Trustee2 2025-09-01 2026-03-31 05114387 ns0:Trustee3 2025-09-01 2026-03-31 05114387 ns0:Trustee1 2025-09-01 2026-03-31 05114387 ns0:Trustee4 2025-09-01 2026-03-31 05114387 ns0:Trustee5 2025-09-01 2026-03-31 05114387 ns0:Trustee6 2025-09-01 2026-03-31 05114387 ns11:RegisteredOffice 2025-09-01 2026-03-31 05114387 ns0:TotalUnrestrictedFunds 2025-09-01 2026-03-31 05114387 ns0:TotalRestrictedIncomeFunds 2025-09-01 2026-03-31 05114387 ns0:Activity9 2025-09-01 2026-03-31 05114387 ns0:Activity9 ns0:TotalUnrestrictedFunds 2025-09-01 2026-03-31 05114387 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2025-09-01 2026-03-31 05114387 ns0:Activity9 2024-04-01 2025-08-31 05114387 ns0:TotalUnrestrictedFunds 2025-08-31 05114387 ns0:TotalRestrictedIncomeFunds 2025-08-31 05114387 ns0:TotalUnrestrictedFunds 2026-03-31 05114387 ns0:TotalRestrictedIncomeFunds 2026-03-31 05114387 ns10:WithinOneYear 2026-03-31 05114387 ns10:WithinOneYear 2025-08-31 05114387 2 2025-09-01 2026-03-31 05114387 13 2025-09-01 2026-03-31 05114387 13 2024-04-01 2025-08-31 05114387 ns10:OwnedAssets 2025-09-01 2026-03-31 05114387 ns10:OwnedAssets 2024-04-01 2025-08-31 05114387 ns0:TotalUnrestrictedFunds 2024-04-01 2025-08-31 05114387 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-08-31 05114387 ns0:Activity9 ns0:TotalUnrestrictedFunds 2024-04-01 2025-08-31 05114387 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-08-31

REGISTERED COMPANY NUMBER: 05114387 (England and Wales)

REGISTERED CHARITY NUMBER: 1106238

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2025 TO 31 MARCH 2026

FOR

SCARBOROUGH MUSEUMS, CULTURE

AND CREATIVE TRUST

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Period 1 September 2025 to 31 March 2026

| Page |

| Reference and Administrative Details | 1 |

| Report of the Trustees | 2 |

| Independent Examiner's Report | 3 |

| Statement of Financial Activities | 4 |

| Balance Sheet | 5 |

| Cash Flow Statement | 6 |

| Notes to the Cash Flow Statement | 7 |

| Notes to the Financial Statements | 8 |  | to |  | 16

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

REFERENCE AND ADMINISTRATIVE DETAILS

For The Period 1 September 2025 to 31 March 2026

| TRUSTEES | Dr K M Strang

| Mr J C Harris

| Mrs S A Gorham

| Ms L E Frostick

| Mr A P Spawforth

| Councillor Martin Myers

| COMPANY SECRETARY | Mrs J S Lowery

| REGISTERED OFFICE | Woodend

| The Crescent

| Scarborough

| North Yorkshire

| YO11 2PW

| REGISTERED COMPANY NUMBER | 05114387 (England and Wales)

| REGISTERED CHARITY NUMBER | 1106238

| INDEPENDENT EXAMINER | Fortus Limited

| Business Advisors & Accountants

| 5 & 6 Manor Court

| Manor Garth

| Scarborough

| North Yorkshire

| YO11 3TU

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST (REGISTERED NUMBER: 05114387) |

REPORT OF THE TRUSTEES

For The Period 1 September 2025 to 31 March 2026

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 September 2025 to 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

FUTURE PLANS

As mentioned in the previous periods report, North Yorkshire Council executive committee voted unanimously to approve a recommendation and request from SMCCT to transfer operations of the Trust back to the local authority and, as a result, the charity handed back operational responsibility for the service to NYC on 1st July 2025.

Since then, the trustees and leadership team have been committed to ensuring a smooth handover process in the best interests of all stakeholders.

The accounts reflect the final transactions of the Trust, prior to passing on surplus funds to North Yorkshire Council, as agreed by the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Scarborough Museums Trust is a charitable company limited by guarantee and which was incorporated on 28th April 2004. It is governed by its Memorandum and Articles of Association, as amended by special resolutions dated 14 January 2005, 4 March 2009, 19 May 2010, 29 July 2011,26 October 2012 and 15 September 2025 and is registered with the Charity Commission. In the event of the company being wound up, members are required to contribute an amount not exceeding £1 each.

As set out in the Articles of Association, the number of trustees shall be not less than three but no more than fifteen.

In order for the Trust to be able to transfer over any surplus funds/assets from the Charity to North Yorkshire Council, an amendment to the Articles of Association under Point 8.1 Residual Assets needed to be made. Therefore, the following Special Resolution was agreed;

That the Articles of Association of the Company be and are hereby amended by replacing Article 8 (Residual Assets) with a new Article 8 (Residual Assets) to read:

If the Charity is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property, it shall not be paid or distributed among the Members but shall be transferred to North Yorkshire Council, to be used for charitable purposes similar to the Objects, with the approval of the Trustees having obtained such consents from The Charity Commission that may be required.

CESSATION OF TRADING

The charitable company ceased activities on 30 June 2025.

Approved by order of the board of trustees on 20 April 2026 and signed on its behalf by:

Mrs S A Gorham - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

SCARBOROUGH MUSEUMS, CULTURE

AND CREATIVE TRUST

Independent examiner's report to the trustees of Scarborough Museums, Culture and Creative Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the period 1 September 2025 to 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr P B Dixon FCA

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

20 April 2026

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

For The Period 1 September 2025 to 31 March 2026

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 2 | - |  | - |  | - |  | 157,488 |

Charitable activities | 4

Rotunda museum and art gallery | 1,790 |  | - |  | 1,790 |  | 187,733 |

Investment income | 3 | 41,728 |  | - |  | 41,728 |  | 1,862 |

Local authority - Service level agreement | 5 | - |  | - |  | - |  | 614,258 |

Total | 43,518 |  | - |  | 43,518 |  | 961,341 |

EXPENDITURE ON

Raising funds | 6 | - |  | - |  | - |  | 16,514 |

Charitable activities | 7

Rotunda museum and art gallery | 4,079 |  | - |  | 4,079 |  | 998,783 |

Other | 10 | - |  | - |  | - |  | 49,940 |

Total | 4,079 |  | - |  | 4,079 |  | 1,065,237 |

Net gains on investments | - |  | - |  | - |  | 8,147 |

NET INCOME/(EXPENDITURE) | 39,439 |  | - |  | 39,439 |  | (95,749 | )

Transfers between funds | 18 | 9,886 |  | (9,886 | ) | - |  | - |

Net movement in funds | 49,325 |  | (9,886 | ) | 39,439 |  | (95,749 | )

RECONCILIATION OF FUNDS

Total funds brought forward | 38,088 |  | 9,886 |  | 47,974 |  | 143,723 |

TOTAL FUNDS CARRIED FORWARD | 87,413 |  | - |  | 87,413 |  | 47,974 |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST (REGISTERED NUMBER: 05114387) |

BALANCE SHEET

31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

CURRENT ASSETS |

Debtors | 15 | - |  | 994 |

Cash at bank | 88,313 |  | 51,890 |

88,313 |  | 52,884 |

CREDITORS |

Amounts falling due within one year | 16 | (900 | ) | (4,910 | )

NET CURRENT ASSETS | 87,413 |  | 47,974 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 87,413 |  | 47,974 |

NET ASSETS | 87,413 |  | 47,974 |

FUNDS | 18

Unrestricted funds | 87,413 |  | 38,088 |

Restricted funds | - |  | 9,886 |

TOTAL FUNDS | 87,413 |  | 47,974 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 April 2026 and were signed on its behalf by:

Mrs S A Gorham - Trustee

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

CASH FLOW STATEMENT

For The Period 1 September 2025 to 31 March 2026

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (5,305 | ) | (179,747 | ) |

Net cash used in operating activities | (5,305 | ) | (179,747 | ) |

Cash flows from investing activities

Sale of tangible fixed assets | - |  | 37,635 |  |

Sale of fixed asset investments | - |  | 146,156 |  |

Interest received | 228 |  | 1,862 |  |

Dividends received | 41,500 |  | - |  |

Net cash provided by investing activities | 41,728 |  | 185,653 |  |

Change in cash and cash equivalents in the reporting period | 36,423 |  | 5,906 |  |

Cash and cash equivalents at the beginning of the reporting period | 51,890 |  | 45,984 |  |

Cash and cash equivalents at the end of the reporting period | 88,313 |  | 51,890 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE CASH FLOW STATEMENT

For The Period 1 September 2025 to 31 March 2026

1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) | 39,439 |  | (95,749 | ) |

| Adjustments for:

| Depreciation charges | - |  | 14,625 |  |

| Losses on investments | - |  | (8,147 | ) |

| Interest received | (228 | ) | (1,862 | ) |

| Dividends received | (41,500 | ) | - |  |

| Decrease in stocks | - |  | 10,721 |  |

| Decrease in debtors | 994 |  | 16,823 |  |

| Decrease in creditors | (4,010 | ) | (116,158 | ) |

| Net cash used in operations | (5,305 | ) | (179,747 | ) |

2. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.9.25 | Cash flow | At 31.3.26

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 51,890 |  | 36,423 |  | 88,313 |  |

51,890 |  | 36,423 |  | 88,313 |  |

| Total | 51,890 |  | 36,423 |  | 88,313 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS

For The Period 1 September 2025 to 31 March 2026

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

| Income

| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| For donations and grants to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation or grant and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

| Expenditure

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are grants and donations which the donor has specified are to be solely used for particular areas of the Trust's work or for specific projects being undertaken by the Trust.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

2. | DONATIONS AND LEGACIES

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Donations | - |  | 8,579 |  |

| Grants | - |  | 148,909 |  |

- |  | 157,488 |  |

| Grants received, included in the above, are as follows:

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Arts Council England | - |  | 135,214 |  |

| Museum Development Yorkshire | - |  | 4,115 |  |

| North Yorkshire County Council (Now North Yorkshire Council) | - |  | 6,255 |  |

| Arcade Arts Ltd | - |  | 3,000 |  |

| Other grants | - |  | 325 |  |

- |  | 148,909 |  |

3. | INVESTMENT INCOME

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Shares in group undertakings | 41,500 |  | - |  |

| Deposit account interest | 228 |  | 1,862 |  |

41,728 |  | 1,862 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

4. | INCOME FROM CHARITABLE ACTIVITIES

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

| Activity | £ | £ |

| Admissions | Rotunda museum and art gallery | - |  | 81,444 |  |

| Retail and refreshment sales |  | Rotunda museum and art gallery | - |  | 33,447 |  |

| Miscellaneous income | Rotunda museum and art gallery | 1,790 |  | 72,842 |  |

1,790 |  | 187,733 |  |

5. | LOCAL AUTHORITY - SERVICE LEVEL AGREEMENT

| Prior to the transfer of operations to North Yorkshire Council, the charity received income from the local council under the terms of a service level agreement for the operation of the museum and art gallery and this is shown separately on the face of the Statement of Financial Activities.

6. | RAISING FUNDS

| Other trading activities

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Purchases | - |  | 16,514 |  |

7. | CHARITABLE ACTIVITIES COSTS

| Direct | Support |

| Costs (see | costs (see |

| note 8) | note 9) | Totals

£ | £ | £ |

| Rotunda museum and art gallery | 979 |  | 3,100 |  | 4,079 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

8. | DIRECT COSTS OF CHARITABLE ACTIVITIES

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Staff costs | - |  | 552,125 |  |

| Other staff costs | - |  | 7,543 |  |

| Premises | - |  | 92,672 |  |

| Supplies and services | 979 |  | 164,041 |  |

| Professional services | - |  | 8,685 |  |

| Grant project expenditure | - |  | 137,215 |  |

| Depreciation | - |  | 14,628 |  |

979 |  | 976,909 |  |

9. | SUPPORT COSTS

| Governance

| costs

£ |

| Rotunda museum and art gallery | 3,100 |  |

| Support costs, included in the above, are as follows: |

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

| Rotunda |

| museum |

| and art |  | Total

| gallery |  | activities

£ | £ |

| Accountancy fees | 1,470 |  | 2,500 |  |

| Legal and professional fees | 1,630 |  | 19,374 |  |

3,100 |  | 21,874 |  |

10. | OTHER

| Other expenditure on the face of the Statement of Financial Activities relates to the value of assets that were passed over to North Yorkshire Council on the 30th June 2025, following the agreement by the local authority to take over the running of the attraction's from that date.

| An amendment was made to the Articles of Association to allow for these transfers to be made and reads as follows:

| If the Charity is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property, it shall not be paid or distributed among the Members but shall be transferred to North Yorkshire Council, to be used for charitable purposes similar to the Objects, with the approval of the Trustees having obtained such consents from The Charity Commission that may be required.

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

11. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting): |

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Depreciation - owned assets | - |  | 14,627 |  |

12. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the period ended 31 March 2026 nor for the period ended 31 August 2025.

| Trustees' expenses

| There were no trustees' expenses paid for the period ended 31 March 2026 nor for the period ended 31 August 2025.

13. | STAFF COSTS

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

£ | £ |

| Wages and salaries | - |  | 508,061 |  |

| Social security costs | - |  | 26,297 |  |

| Other pension costs | - |  | 17,767 |  |

- |  | 552,125 |  |

| The average monthly number of employees during the period was as follows:

| Period |  | Period

| 1.9.25 |  | 1.4.24

| to |  | to

| 31.3.26 |  | 31.8.25

| Charitable activities | - |  | 19 |  |

| No employees received emoluments in excess of £60,000 during the prior year.

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - PRIOR YEAR ONLY

| Unrestricted |  | Restricted |  | Total

| funds |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 8,577 |  | 148,911 |  | 157,488 |

| Charitable activities

| Rotunda museum and art gallery | 187,188 |  | 545 |  | 187,733 |

| Investment income | 1,862 |  | - |  | 1,862 |

| Local authority - Service level agreement | 614,258 |  | - |  | 614,258 |

| Total | 811,885 |  | 149,456 |  | 961,341 |

| EXPENDITURE ON

| Raising funds | 16,514 |  | - |  | 16,514 |

| Charitable activities

| Rotunda museum and art gallery | 785,669 |  | 213,114 |  | 998,783 |

| Other | 49,940 |  | - |  | 49,940 |

| Total | 852,123 |  | 213,114 |  | 1,065,237 |

| Net gains on investments | 8,147 |  | - |  | 8,147 |

| NET INCOME/(EXPENDITURE) | (32,091 | ) | (63,658 | ) | (95,749 | )

| Transfers between funds | (16,156 | ) | 16,156 |  | - |

| Net movement in funds | (48,247 | ) | (47,502 | ) | (95,749 | )

| RECONCILIATION OF FUNDS

| Total funds brought forward | 86,334 |  | 57,389 |  | 143,723 |

| TOTAL FUNDS CARRIED FORWARD | 38,087 |  | 9,887 |  | 47,974 |

15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026 | 2025 |

£ | £ |

| Other debtors | - |  | 994 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026 | 2025 |

£ | £ |

| Trade creditors | - |  | 36 |  |

| Other creditors | - |  | 1,178 |  |

| Accrued expenses | 900 |  | 3,696 |  |

900 |  | 4,910 |  |

17. | ANALYSIS OF NET ASSETS BETWEEN FUNDS

2026 | 2025 |

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

£ | £ | £ | £ |

| Current assets | 88,313 |  | - |  | 88,313 |  | 52,884 |  |

| Current liabilities | (900 | ) | - |  | (900 | ) | (4,910 | ) |

87,413 |  | - |  | 87,413 |  | 47,974 |  |

18. | MOVEMENT IN FUNDS

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.9.25 |  | in funds |  | funds |  | 31.3.26 |

£ | £ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 38,088 |  | 39,439 |  | 9,886 |  | 87,413 |  |

| Restricted funds

| Arts Council - School and Museum Partnership | 6,886 |  | - |  | (6,886 | ) | - |  |

| Paul Hamlyn Foundation | 3,000 |  | - |  | (3,000 | ) | - |  |

9,886 |  | - |  | (9,886 | ) | - |  |

| TOTAL FUNDS | 47,974 |  | 39,439 |  | - |  | 87,413 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 43,518 |  | (4,079 | ) | 39,439 |  |

| TOTAL FUNDS | 43,518 |  | (4,079 | ) | 39,439 |  |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

18. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.24 |  | in funds |  | funds |  | 31.8.25 |

£ | £ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 86,334 |  | (32,090 | ) | (16,156 | ) | 38,088 |  |

| Restricted funds

| Arts Council - School and Museum Partnership | 9,299 |  | (2,413 | ) | - |  | 6,886 |  |

| Connecting Coastal Culture | 25,195 |  | (40,036 | ) | 14,841 |  | - |  |

| YorEarth Project | 5,895 |  | (5,896 | ) | 1 |  | - |  |

| Sensing Creativity | - |  | (909 | ) | 909 |  | - |  |

| Curatorial Fellowships | 16,000 |  | (16,000 | ) | - |  | - |  |

| Cuture Declares Emergency | 1,000 |  | (1,000 | ) | - |  | - |  |

| Paul Hamlyn Foundation | - |  | 3,000 |  | - |  | 3,000 |  |

| MD North | - |  | (340 | ) | 340 |  | - |  |

| Scarborough Fair | - |  | 260 |  | (260 | ) | - |  |

| Scarborough Lights | - |  | (325 | ) | 325 |  | - |  |

57,389 |  | (63,659 | ) | 16,156 |  | 9,886 |  |

| TOTAL FUNDS | 143,723 |  | (95,749 | ) | - |  | 47,974 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| Unrestricted funds | 811,885 |  | (852,122 | ) | 8,147 |  | (32,090 | ) |

| Restricted funds

| Arts Council - School and Museum Partnership | 90,630 |  | (93,043 | ) | - |  | (2,413 | ) |

| Connecting Coastal Culture | 45,129 |  | (85,165 | ) | - |  | (40,036 | ) |

| YorEarth Project | 1 |  | (5,897 | ) | - |  | (5,896 | ) |

| Sensing Creativity | - |  | (909 | ) | - |  | (909 | ) |

| Curatorial Fellowships | - |  | (16,000 | ) | - |  | (16,000 | ) |

| Cuture Declares Emergency | - |  | (1,000 | ) | - |  | (1,000 | ) |

| Paul Hamlyn Foundation | 3,000 |  | - |  | - |  | 3,000 |  |

| MD North | 4,115 |  | (4,455 | ) | - |  | (340 | ) |

| Scarborough Fair | 500 |  | (240 | ) | - |  | 260 |  |

| NYC - Community Conversations | 2,000 |  | (2,000 | ) | - |  | - |  |

| Scarborough Lights | 4,081 |  | (4,406 | ) | - |  | (325 | ) |

149,456 |  | (213,115 | ) | - |  | (63,659 | ) |

| TOTAL FUNDS | 961,341 |  | (1,065,237 | ) | 8,147 |  | (95,749 | ) |

| SCARBOROUGH MUSEUMS, CULTURE |

| AND CREATIVE TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 September 2025 to 31 March 2026

19. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the period ended 31 March 2026.

20. | COMPANY LIMITED BY GUARANTEE

| The company is limited by guarantee and has no issued share capital. Every member of the company undertakes to contribute to the assets of the company in the event of the same being wound up while he/she is a member, such amount as may be required not exceeding £1 each.