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UNCOVER THE CITY’S SECRETS is an educational and heritage preservation charity. Our purpose is to conserve and explain the history of London’s transport, to offer people an understanding of the Capital’s past development and to engage them in the debate about its future. Museum Yearbook 2015/16 incorporating the Strategic Report and Annual Report of the Trustees and financial statements for the year ended 31 March 2016

Strategic Report

04 | Message from the Chair of Trustees and Managing Director

06 | Hidden London: Uncovering a secret world

10 | Night Shift – London after Dark

12 | Celebrating ten years of Safety and Citizenship

14 | The year in summary

18 | ACCESS AND MUSEUM OPERATIONS

22 | In focus Hidden London’s guiding lights *

24 | EDUCATION AND ENGAGEMENT

30 | In focus My route into work*

32 | HERITAGE AND COLLECTIONS

36 | In  focus London by Design by Elizabeth Scott*

38 | Plans for the future

40 | Interchange

44 | Income and support

50 | Corporate Members

51 | Supporters and Sponsors

52 | Patrons Circle

54 | Public programme

62 | Financial review

Annual Report of the Trustees

66 | History of the Museum

68 | Structure, governance and management

72 | Trustees’ statement

73 | Trustees and advisors

74 | Independent auditor’s report

76 | Financial statements

* Articles do not form part of the audited Strategic Report

2 Yearbook 2015 |2016 Message from the Chair of Trustees and Managing Director

We are proud to present the London and employability, and support them Transport Museum (LTM) Yearbook for into successful careers in the transport 2015/16. It has been an award-winning industry. Bringing these strands together, and record-breaking year in the life of we launched Enjoyment to Employment one of London’s busiest and most to industry partners this year. This initiative creative . will seek to build on young visitors’ enjoyment of our galleries and provide For the first time, more than 400,000 resources to steer them towards a career visitors enjoyed our Museum in a in transport and engineering. single year and we reached a significant milestone for the Safety and Citizenship In partnership with TfL, we launched initiative which has now engaged with Transported by Design, a major celebration over one million children since its launch of the significance of design to the past, a decade ago. Also this year, we opened present and future of London’s transport a pop-up shop at South , and urban environment. The key role of acquired some superb new artefacts and good design featured in several projects unveiled the Hidden London programme this year and will be a major focus of of disused station tours. This truly activity in 2016. innovative programme saw curators, educators, customer service professionals As ever, the patronage of all our visitors, and enthusiastic volunteer guides come shoppers and corporate supporters is together with (TfL) very much appreciated. The expertise to create exciting and informative tours and wisdom of our fellow Trustees, across four disused sites. The idea of creativity and hard work of an excellent mysterious, abandoned Tube stations staff and dedicated volunteer group, hidden beneath our feet or glimpsed and the enthusiasm and support of the from the window of a speeding train has LTM Friends are essential to our success. captured the public imagination and Together we have made history. each tour sold out almost immediately.

We are building a strong reputation for working with young people to mitigate exclusion, develop confidence

Sir David Bell Chair of Trustees Sam Mullins Managing Director

4 Yearbook 2015 |2016 MESSAGE FROM THE CHAIR OF TRUSTEES AND MANAGING DIRECTOR 5 , Down Street, South: rather than disused and are given second deserted stations like these fascinate lives that can range from the ordinary to the public. Many sites are shrouded in the inspired. Repurposed as air vents, folklore and urban myth. Some have archives, film sets, micro herb farms or genuinely been subject to the Official wartime bunkers, such hidden spaces Secrets Act. are usually off-limits to the public. has run tours at disused stations since Our programme has opened the door the 1990s, but we knew there was a to these atmospheric locations, and the huge, untapped demand for more so response has been overwhelming: we began to develop a programme to all 457 tours sold out and more than safely increase public access, add to our 11,000 visitors experienced the thrill of curatorial knowledge and secure a new descending into a hidden world. future for these under-used spaces. That programme was relaunched this Hidden London has been made year under the banner Hidden London. possible thanks to a dedicated and HIDDEN LONDON passionate team of staff and volunteers, With the help of TfL we identified sites and the support of colleagues in London uncovering a secret world that could support public tours. Using Underground and TfL. Due to the scale of our own collections and new archival the programme, we had to undertake two research, we separated fact from fiction, major recruitment campaigns to double The excitement is almost palpable. With pupils dilating made exciting new discoveries and the number of guides. Our volunteer in the subdued lighting, voices hushed involuntarily, uncovered the human stories that make guides are the cornerstone of the our tours authoritative and entertaining. delivery of Hidden London and always and nostrils flaring at the tang of cool subterranean air, Accuracy, authenticity and enjoyment bring enthusiasm and personality another group of travellers leaves the ordinary world are at the core of Hidden London. to the tours.

behind and enters Hidden London… Despite the romantic notion of forgotten, We have ambitious plans for ‘ghost’ stations, even decommissioned Hidden London. We will add new underground structures are rarely truly locations and double the numbers of abandoned. Such sites are routinely tours next year. There are many more referred to by TfL as ‘non-operational’ secrets to be revealed.

6 HIDDEN LONDON 7 HIDDEN LONDON

CLAPHAM SOUTH DOWN STREET ALDWYCH DEEP-LEVEL SHELTER (26 November–20 December 2015) (21 January–21 February 2016) (12 June–5 July 2015 and (1–25 October 2015) 25 March–17 April 2016)

One of eight Second World War deep- Located in , Down Street had Aldwych station opened to the public The platforms at Charing level shelters in London, Clapham South a short life as a working station from in 1907 but was never used heavily and Cross closed to the public in 1999. They opened to the public in July 1944 for 1907 to 1932, but became critical to one platform was closed in 1917. The are now used as movie locations. Skyfall, those seeking refuge from the Blitz. winning the Second World War when station provided shelter during the Blitz and TV’s 24 were filmed here. With more than a mile of subterranean covertly transformed into the Railway and finally closed completely in 1994. Charing Cross is also home to the vast passageways, Clapham South also Executive Committee’s bomb-proof Since then it has been used for film Craven Street vent shaft and a little- provided accommodation for visitors bunker. Prime Minister Winston and TV shoots including, Sherlock, known construction tunnel that runs to the and for hopeful Churchill took refuge secretly at Mr Selfridge and Atonement. under . Caribbean migrants arriving on the Down Street during the Blitz. ss Empire Windrush.

3194 115 2 tickets sold tickets sold

Clapham South Charing Cross 89 96 120 152 NUMBER OF TOURS Down Aldwych Street 175 4 tickets sold 4800 tickets sold

8 Yearbook 2015 |2016 HIDDEN LONDON 9 BLACKOUT Travel during the Second World War was dramatically different from the interwar years. Posters delivered advice and instructions for coping in the darkness of the blackout, and navigating safely during the city’s strict curfews.

Inspired by TfL’s plans to introduce BRIGHTER LONDON services, our visually striking After the dark days of the First exhibition Night Shift: London after World War, light poured into London Dark explored the links between public again. Jazz shows flourished, and transport and the life of the city floodlighting became part of the once the sun goes down. entertainment landscape as London NEVER HAD IT SO GOOD Zoo, historic buildings and even After the Second World War, London saw an The exhibition featured a large lenticular Underground stations were brightly increase in prosperity and a decline in the poster that flicked between the day and lit for the first time. use of public transport. Photographs of night night Tube maps, as well as a rich selection maintenance work in Underground stations of posters, photographs and ephemera, and tunnels reveal rat catchers and cleaners NIGHTCLUBBING and a fascinating audiovisual presentation – known as ‘fluffers’ – going about their No longer just for night workers, Night nocturnal business. routes in the 1980s began to service showing archival and contemporary London’s growing nightclub scene. New documentary film about nocturnal London routes and weekend services were added, and its transport. Night Shift moved and the service was given its own ‘night through time from the to the owl’ logo. The exhibition featured a large modern day, exploring six key themes: mosaic by Trevor Caley, commissioned for a poster in the 1980s, and PLEASURE SEEKERS a 1984 London Transport night bus poster & SHIFT WORKERS that inspired the deep blue walls and starry In the early 20th century, electricity ceiling of the exhibition gallery. fundamentally changed how Londoners used their city. All-night electric services began, posters started to feature the bright lights 24-HOUR CITY of Theatreland and the Capital’s first night shift Night bus use has risen 170 per cent since workers were employed. 2000 and London now has a huge night- time economy. The exhibition contained contemporary interpretations of the city after dark, including a new ‘kirigami’ (an intricate 3D model cut from a single sheet of paper) by artist Marc Hagan-Guirey, aka ‘Paper Dandy’. It was produced in conjunction with the National Theatre’s hugely popular production of The Curious Incident of the Dog in the Night-Time.

10 Yearbook 2015 |2016 NIGHT SHIFT 11

Celebrating 10 years of Safety and Citizenship

A decade ago the TfL Safety and Citizenship programme was created to teach every Year Six pupil in every London school every year about the safe and responsible use of public transport. The Museum has been delivering on this commitment ever since.

The TfL Safety and Citizenship (S&C) messages delivered at this age will stay The programme is delivered in schools prevention and Project Guardian which is programme delivered by London Transport with children as they grow older. Our own and at borough-wide Junior Citizenship aimed at increasing awareness of unwanted Museum, was launched in 2005. Since then research in 2012 concluded that the S&C Schemes. These essential events are sexual attention on public transport. more than 1.1 million young Londoners programme was having a significant long- delivered in partnership with agencies have been through the programme and term impact on the knowledge, attitudes including the police, London Fire Brigade With London’s population set to rise we regularly reach 97 per cent or more of and behaviours of London’s young people and others, and have been described as from 8.5 million to 10 million by 2030, London’s primary schools with only a small regarding public transport. ‘circuit training for life’. there will be an associated increase in number of specialist schools, faith schools the number of school children, which and home-schooled students missing out. At the centre of the programme’s success As our experience and reputation has will put pressure on our objective of From the beginning, the programme was is a team of highly trained School Liaison grown over the last decade so has the universal coverage. Nevertheless, TfL led and designed by qualified and Officers (SLOs) working with volunteer reach of S&C. We expanded the programme and LTM remain committed to delivering experienced learning professionals who Transport Youth Engagement Officers into secondary schools to address specific this important and influential programme. brought together TfL’s existing Tube and drawn from TfL, London’s bus companies local concerns about safety, behaviour bus-related school activities into a unified, and the police. They are supported by a and ticketing issues, we delivered training EA Y RS specialist programme. fleet of exhibition vehicles and a raft of for and the Canal & 10 indoor resources such as pop-up stations, River Trust, and helped Emirates Air Line Year Six was chosen because this is , and riverboats. Sophisticated establish a successful schools scheme.

the year before many children become audiovisual material includes specially Our close relationship with the O P F I independent travellers on the transport produced video content that enables Metropolitan Police Service has seen S H A S network, catching a bus or even a Tube SLOs to tailor discussions to the needs joint work on community events and FE EN TY TIZ to school each day. Studies show that of any group. targeted campaigns such as ‘snatch’ theft & CI

12 Yearbook 2015 |2016 CELEBRATING TEN YEARS10 YEARS OF TFL OF SAFETY & CITIZENSHIP 13 Year in summary How we did against our key objectives

With record-breaking visitor numbers, a host of new activities and an extensive public programme, Museum operations Research and advocacy 2015/16 was another hugely successful year for the and public programme Introduced in 2009, the Museum’s thought We surpassed our visitor target by more leadership programme quickly became an Museum. We exceeded performance targets and than 10 per cent this year, exceeding important forum for the transport industry made significant progress in each of the strategic 400,000 visitors for the first time in the to exchange ideas about today’s topical Museum’s history. In addition we took issues and the challenges of tomorrow. priority areas established last year. 1,400 passengers on heritage vehicle As planned, the programme was trips, saw more than 4,000 visitors at relaunched this year, with a new name, special events, and sold over 11,000 Interchange, and the strapline ‘moving tickets to Hidden London tours. thinking forward’. Our intention is to widen the programme to a public audience Strategic partnerships with TfL continue beyond its corporate networking roots. Education and engagement to be vital to the Museum. Close liaison Information is now shared via Twitter and Alongside another full year of programme with TfL enabled us to open a new the Museum’s Managing Director, Sam delivery, a major strategic review of our Museum shop at South Kensington Tube Mullins, blogs about events on LinkedIn. young people’s educational activities station, and develop a contemporary In March 2016, the Museum appointed was undertaken in 2015/16. From this has collecting programme using newly transport expert Josef Hargrave from emerged the Enjoyment to Employment recruited Curatorial Correspondents from Arup’s Foresight + Research + Innovation programme which aims to turn children’s across TfL to collect information and team as Futures Fellow. Josef’s role is to early excitement and enthusiasm for opinions about today’s transport network. offer insights into the future of transport transport into adult achievements in the The Hidden London programme was built and the evolving trends of this dynamic industry. Encompassing family learning, around access to non-operational Tube sector. His expertise will help shape activities for primary and secondary stations, and a number of TfL employees Interchange and assist with the curation school pupils, and our ground-breaking have become volunteer guides. We ran of our galleries and public programme. skills and employability work with young our steam train on the Underground’s people, Enjoyment to Employment lines and launched Transported by aims to nurture and inspire the next Design (TbD) – an 18-month partnership generation of transport workers. With celebrating the innovative ways that the industry facing a lack of skilled good design in the transport network engineers, the Museum is building a helps keep London working and growing. coalition with TfL and industry partners TbD activities at the Museum this year to support Enjoyment to Employment. included the redisplay of the London by The programme was introduced to Design gallery and a competition to find industry leaders at an event hosted by London’s favourite transport design icon. TfL Transport Commissioner, Mike Brown MVO in March 2016 and was very well received. With a number of commitments made already, we expect to sign up a range of partners in 2016/17.

14 Yearbook 2015 |2016 YEAR IN SUMMARY 15 Year in summary

Key performance indicators VISITS TO LTM WEBSITES

MUSEUM AND DEPOT VISITS -10%

-20% +20%

-30% +30% -10% 7.2% ABOVE TARGET -20% +20%

TARGET 1,000,000 | ACTUAL 1,071,845 -30% +30%

10.8% EDUCATION VISITORS TO LTM ABOVE TARGET

TARGET 370,000 | ACTUAL 410,072 -10% +10% NUMBER OF COLLECTION PUPILS PARTICIPATING IN SAFETY RECORDS ENHANCED* -20% +20% AND CITIZENSHIP PROGRAMME

-30% +30% TARGET

-10% +10% -10% +10% 3.25% BELOW TARGET -20% +20% -20% +20% -30% +30% TARGET 25,000 | ACTUAL 24,188 -30% +30% 0.5% ABOVE TARGET

22.4% ABOVE TARGET TARGET 122,000 | ACTUAL 122,661

TARGET 335,700 | ACTUAL 410,923

*Note: Improvements associated with the Online Museum project affected significant numbers of records this year 16 Yearbook 2015 |2016 YEAR IN SUMMARY 17 ACCESS AND MUSEUM OPERATIONS We want our collections, exhibitions and events to be enjoyed by as many people as possible. Access is provided daily at the Museum in , through regular tours and open weekends at the Museum Depot in Acton, and via the Museum website. Our heritage vehicle outings, Hidden London tours and a rich programme of special events create further opportunities to inspire audiences with the stories of London’s transport.

We welcomed more people than ever was inspired by plans to introduce into the Museum this year. The All Aboard night-time Tube services. Eye catching family zone, which opened in March 2015, transport posters from the early 20th has proven exceptionally popular with century highlighted the rise of the younger visitors who enjoy the chance to West End and the growth of the leisure explore child-sized vehicles and dress up economy, while archive photographs as drivers, mechanics and other transport and films documented the development workers. All Aboard has helped to grow of transport to meet the needs of our family audience significantly, and and other night workers. we had to introduce special baby-buggy Wartime Tube sheltering, the burgeoning parking zones to manage gallery space. nightclubbing scene, and hard-hitting safety campaigns brought the story The Exterion Media Gallery hosted two up to date and cast new light on our temporary exhibitions this year. The Prize contemporary 24-hour city. for Illustration 2015: London Places and Spaces saw our regular collaboration with Both exhibitions were launched with the Association of Illustrators reach new Friday Late events featuring the usual levels with 100 entries on display across popular mix of talks, tours, music, quizzes, two floors. We had more than 1,000 cocktails and craft activities. There were entries and the Gold Prize was won by two other Friday Lates this year: Make Eleanor Taylor for her illustration of the Mine a Double celebrated London’s Royal Observatory, Greenwich. high society, while Illuminate featured fun activities inspired by the Night Shift Our second major exhibition was exhibition including shadow life-drawing Night Shift: London after Dark, which classes and cyanotype printing workshops.

18 Yearbook 2015 |2016 ACCESS AND MUSEUM OPERATIONS 19 ACCESS AND MUSEUM OPERATIONS

We also introduced special ticketed workshop, opened their doors for public events in the Cubic Theatre running tours for the first time. Acton Depot alongside Friday Lates. Spirited London: was also open regularly for general Gin and the City took guests on a guided tours, art and poster store tours, journey through the history of gin with and Journeys tours celebrating talks and tastings from industry experts, the evolution of the Johnston typeface while Talk and Tasting: The Scent and which was created exclusively for Spirit of London saw author Alice London Transport a century ago. Lascelles and ‘scentertainer’ Odette Toilette exploring 20th century London Our heritage buses operated for through its signature scents and drinks. nearly 1,200 miles during 2015/16, including extended outings for the The public programme was dominated B2737 Battle Bus to Beamish Open by Hidden London which offers a Air Museum and Crich Tramway Village. rare opportunity to explore disused Steam locomotive, Met No.1 was also venues across London. Building on the in action at a weekend of steam on successful tours of Aldwych station over the in September the last few years, we added Charing 2015. Events company Tea Darling Cross, Down Street and Clapham South set up a busy vintage tea room at deep-level shelter to the list this year. Tube station providing tea Tours sold out quickly and we received and cake to the classic sound of an overwhelmingly positive feedback. We old-fashioned gramophone. are planning to double the number of tours in 2016/17. Behind the scenes, major improvements were made to systems and digital data Museum vehicles and staff attended a management as part of a project to make number of Bus Garage Open Days collections information available online. across London this year and we opened Following the launch of our revamped our own Acton Depot twice for weekend website last year, the Heritage Railway events. These featured tours, talks, Association presented the Museum archive film screenings, bus rides, guest with a Publication and Media Award for vehicles and special activities aimed Excellence for best website. The judging at families and transport enthusiasts. panel reviewed more than 360 member The April 2015 Depot Open Weekend organisations and made the award on attracted a record number of visitors. the basis that the LTM website was ‘by During the event, colleagues in nearby far the most informative, stylish, clear Hearne House, TfL’s engineering testing to follow and use’.

20 Yearbook 2015 |2016 ACCESS AND MUSEUM OPERATIONS 21 What’s your favourite Hidden London’s Hidden London venue?

PD Clapham South because it’s a guiding lights wartime shelter, not a station. You are telling a different story there, and to At the heart of the team bringing the Hidden London some extent it’s frozen in time as it was only used for a very short period. programme to life is a group of talented and dedicated volunteer guides. Some have been volunteering with the PBG I think it would be Charing Cross. It has amazing construction tunnels and Museum for many years, others were recruited this year. ventilation shafts disappearing off into What makes them tick, and what do they enjoy about the distance. Just so totally different What’s your favourite from what the public normally gets to see Hidden London fact? being a guide? on the Tube. It’s such a wonderful place. PD When the ss Empire Windrush How have visitors arrived, passengers that hadn’t got Patricia (known as Pat) Dennis began How would you describe reacted to the tours? accommodation were billeted at Clapham volunteering with LTM in 1994. Among guiding for Hidden London? South and the nearest Labour Exchange her many activities at the Museum she PD The feedback we get seems was , which is why there is a strong leads tours at all the Hidden London PD Love it, love it, love it! I really do. overwhelmingly positive. Often there is a Caribbean community there to this day. venues. By contrast, delivering tours at If I wasn’t working, I’d do more of it. It smattering of applause which is very nice Just one little fact like that changes the Aldwych and Charing Cross in 2015/16 was is hard work and can be tiring, but it’s – but I don’t look for that. When I say that face of London. Paul Burkitt-Gray’s first volunteering role. the most brilliant fun. other tours are coming up, visitors are keen to know more so we must be doing PBG The first stage of the Jubilee line We caught up with them to talk about PBG It’s absolutely wonderful. You get something right! was dug by men with picks and shovels life as a Hidden London tour guide. to look around parts of the Underground working in the old-fashioned Greathead network that nobody believes exist. I think PBG The people on the tours seem to shield, just the same as in the 1890s. Tell us something about yourselves. it is a real privilege to show everybody enjoy it so much going around locations Nearly 100 years of progress and they around and share these secret parts that are normally off-limits, so it’s a really were still using basically the same Pat Dennis (PD) I’m a Londoner, born of London. exciting thing to do. method. That amazed me. and bred. I have worked for for nearly 37 years – I If you could have one superpower to joined when I was two! I’ve always been help you guide, what would it be? fascinated by the heritage, the history, the design, and by how much London PD Unending stamina so it didn’t matter depends on its transport, particularly how many times you went up and down the Underground. the stairs at Aldwych or Clapham South. I’m shattered at the end of three or Paul Burkitt-Grey (PBG) I’ve been a four tours and have to have a jolly good fan of London’s transport for as long as lie down! I can remember. I’m currently working in 3D printing design but, fingers crossed, PBG Photographic memory. When I’m in I’m about to start an apprenticeship with the bath or on the train I’ve been getting Transport for London in their project my notes out and reading through so I planning department. can do the tour forwards, backwards, or standing on my head. If I could flick through the script and know it off by heart that would save a lot of time…

22 Yearbook 2015 |2016 HIDDEN LONDON’S GUIDING LIGHTS 23 than one million children across a EDUCATION number of strands. Promoting safe, responsible use of public transport, the ‘pre-transition’ element of the AND ENGAGEMENT programme engages with almost every Year Six child in London each year to We want to inspire everyone to engage with the past, prepare them for independent travel. During the academic year ending in 2015, present and future of London’s transport. At the Museum this involved more than 96,000 children. and Depot, and through outreach across London, we offer S&C School Liaison Officers and specially learning opportunities, skills development and engaging trained volunteers drawn from across programming to our visitors, schools, young people, London’s transport network, also work regularly with secondary schools to volunteers and many other communities. address particular, local issues. These can range from reminders about the Each year, around 25,000 children visit to say that school sessions offered importance of courteous behaviour to the Museum as part of our schools ‘high-quality problem-solving reducing the likelihood of being a victim programme which provides structured activities and exciting role plays to of crime while travelling. During 2015/16 learning linked to the national curriculum. enhance understanding and skills, nearly 200 such sessions were run, We were delighted when this programme and foster learning’. reaching almost 20,000 pupils. was recognised with a Sandford Award for Heritage Education this year. The We also have a well-established and Following last year’s pilot, the S&C team Sandford Awards are independently effective set of school engagement also worked with the Metropolitan Police judged, quality assured assessments of activities that take place outside the Service to develop and deliver Project education programmes at UK museums Museum’s walls. The highly successful Guardian during 2015/16. We provided and heritage sites. The awarding body TfL Safety and Citizenship (S&C) 100 guidance sessions to increase praised the friendliness of Museum staff programme, delivered by London awareness among Year Nine students and declared that LTM delivered ‘excellent Transport Museum, celebrated 10 about unwanted sexual attention on the interactive learning experiences for all years of service to London’s young transport network, and to offer strategies visitors, fuelling the imagination and people in 2015. Since its inception, to stop the behaviour and allow students stimulating creativity’, and went on the scheme has worked with more to exit the situation safely.

24 Yearbook 2015 |2016 EDUCATION AND ENGAGEMENT 25 EDUCATION AND ENGAGEMENT

A further area of engagement with from the Museum family and schools schools is provided by the Youth Travel programmes through to initiatives such Ambassador programme which empowers as Inspire Engineering and Route into Work pupils to work together to tackle issues which provide career guidance and genuine on their School Travel Plan and improve workplace opportunities to young people. their journeys to school. The programme We are currently engaging sponsors and is now in its third year and has so far partners to develop the concept further worked with nearly 200 schools. and activate the programme in 2016. An important element of the Enjoyment The Museum also offers an extensive to Employment proposition is the range of other formal and informal constructive fun that children and families learning opportunities, and this year, can experience in our All Aboard family following a major strategic review, galleries. As part of last year’s overhaul, many strands of work have been drawn we increased the amount of play space together under the title Enjoyment to and brought in a wider range of transport Employment. Our aim is to provide modes and carefully planned learning enjoyment for all our visitors and opportunities. Designed to appeal sustained engagement opportunities principally to children under seven, All for those who may go on to gain Aboard encourages active role play in a employment in the transport industry. transport environment which includes a This fresh, coherent approach will build child-sized bus, riverboat, Tube train, taxi, on the obvious excitement that our train and even a younger visitors have for transport, and cable car from Emirates Air Line. Children support them in their enthusiasm as can play the part of drivers, buskers, they get older. The spectrum of learning maintenance workers, or possibly the activities under this umbrella ranges transport managers of the future.

26 Yearbook 2015 |2016 EDUCATION AND ENGAGEMENT 27 EDUCATION AND MUSEUMS AND The Poetry Society Hatzola (North London) CULTURAL SECTOR Royal Commission for the London bus operators: ENGAGEMENT PARTNERSHIPS PARTNERS Exhibition of 1851 Cabmen’s Shelter Fund ComfortDelGro (Greenford, Our learning and engagement programmes are supported Creative Intelligence Agency Alperton and Harrow Weald) The Creative Society Science Museum FirstGroup UK Bus (Greenford) and enriched by creative partnerships with a broad range Cultural Learning Alliance Sir John Soane’s Museum Go-Ahead London of organisations. We are delighted to have worked with Culture Network SLAMbassadors (Bexleyheath and Croydon) Ditchling Museum Southbank Centre RATPDev (Edgware, Fulwell the following partners during 2015/16. Diversity in Heritage Group Strawberry Hill House and Hounslow Heath) Edward Johnston Foundation Theatre Royal Stratford East Stagecoach (Catford) INSPIRE ENGINEERING SCIENCE, TECHNOLOGY, Royal Greenwich University Engage The Creative Society London Fire Brigade SUPPORTED BY SIEMENS ENGINEERING AND MATHS Technical College Fulham Palace The Lord Mayor’s Appeal Metropolitan Police Luke Rees-Pulley Charitable Trust (STEM) PARTNERS SIDE Projects GEM (Group for Education Road Safety Borough Officers Siemens British Science Association Skills Training UK in Museums) Royal National South Essex College Get the Message Lifeboat Institution ROUTE INTO Engineering UK St Mungo’s Museum Young People’s Council WORK PARTNERS HS2 Trinity College London Ham House Programmers Network Sustrans (for Bike it) BAM Nuttall University of Westminster Happy Museum Project Wood Green Animal Shelter Brixton Job Centre National Rail Westminster Adult Heritage Volunteer Group SAFETY AND CITIZENSHIP Young Hackney Capita STEMNET Education Service Kids in Museums AND YOUTH TRAVEL Chance 2 Change Thames Tideway Westminster Kingsway College London Museum of Water AMBASSADOR PARTNERS We are also grateful to our many Chingford Job Centre Transport and Infrastructure Young Londoners and Steam Association of Orthodox Jewish friends and colleagues across Cleshar Education Partnership Participation Network London Museums Group Schools and Organisations TfL who support the work of the Community Links Worcester Polytechnic London Schools Excellence Fund Battersea Dogs and Cats Home Museum. In particular we would Construction Youth Trust Institute, USA BATTLE BUS LEARNING Luke Rees-Pulley British Red Cross like to thank the Steps into Work, Crossrail PROGRAMME PARTNERS Charitable Trust British Transport Police Supplier Skills and Workforce A Fairer Chance SCHOOLS, COLLEGES, Abellio Museum Association Cycle Smart Foundation Continuity Teams, the TfL Youth Flo YOUTH AND EDUCATIONAL The Audience Agency Museum Detox Group (for cycle helmets) Panel and TfL Women’s Staff Go-Ahead Group ORGANISATIONS Battlefield Partnership Ealing MENCAP Network Group. Greenwich Local Labour Bollo Brook Youth Centre British Postal Museum Museum Showoff Film companies: and Business Care Consortium and Archive Film Smart Hoxton Job Centre City and Islington College Museum Natural History Museum The Riot Act London Community College ComfortDelGro A New Direction Serious Comedy Rehabilitation Company City West Homes First World War Centenary Old Royal Naval College Studio Film School Parsons Brinckerhoff Digital:Works Battlefield Tours Programme Gallery Peabody Haberdashers’ Aske’s School Kingston University Princes Trust for Girls Northumberland Park RATPDev College Community School Reed Fotosynthesis RATPDev Remploy Goldsmiths, University Stagecoach Serco of London Siemens National Autistic Society APPRENTICESHIPS AND telent Technology Services National Careers Service TRAINEESHIPS Vital Regeneration Oasis Academy Southbank Creative and Cultural Skills Walthamstow Job Centre The Portman Early Cultural Co-operation Youth Transition Network Childhood Centre London Apprenticeship Royal College of Art Company

28 Yearbook 2015 |2016 EDUCATION AND ENGAGEMENT 29 My route into work ALEX TALBOT, CURATORIAL ASSISTANT, LONDON TRANSPORT MUSEUM

was also another outcome; ‘by the end the job. He started in September 2015 of the three days I fell in love with the and since then has been on training collection,’ he says with a smile. courses, developed new skills, worked on the wiring of our West Ham tram, helped As part of Route into Work, the repaint a Waterloo & City Underground candidates interview Museum managers. car, and suspended a station destination ‘How do I get a job here?’ Alex asked box from the Depot roof at Acton. He Bob Bird, Senior Curator for Vehicles now works alongside Bob Bird and the and Engineering. ‘Volunteer’, replied Curatorial team for whom he has much Bob, so within a week, Alex had joined praise, ‘they are always getting me the Johnston Ambassadors project involved, if I need to know something to develop a creative response to the they always show me and it’s such a work of celebrated typographer Edward nice team, such a friendly environment’. Johnston. With his confidence boosted LTM’s Route into Work programme builds up the employability and ‘still buzzing’ from seeing his work in When asked whether he would rather skills of young people who are not in employment, education or the Museum’s gallery, Alex prepared for be working on modern vehicles instead his interview for Curatorial Assistant. ‘The of the preserved trains and buses in the training. We have successfully helped many candidates find roles application was the hardest thing I’ve ever Museum collection, Alex is emphatic: ‘I in the transport industry over the last few years. One of those done because it was something I wanted did most of my studies on modern cars to get completely right,’ he remembers. and it was an enjoyment – but working was Alex Talbot, and this is his story. with the vehicles here is a passion. I still At interview, Alex impressed with his get amazed when I walk into the Depot. ‘Growing up, I always wanted to do With funding from Arts Council , honesty and enthusiasm and was offered And that smell! I can’t get enough of it…’ mechanical and engineering work,’ says London Transport Museum had created a Alex Talbot, LTM Curatorial Assistant. three-year Curatorial Assistant position to ‘I had the idea that anything is repairable.’ work alongside our highly skilled curators Unfortunately, despite his love of conserving, restoring and operating engineering and finishing college as an heritage vehicles and equipment. Drawing NVQ Level 3 mechanic, work wasn’t easy on our Young People’s Skills Programme, to find. At the JobCentre they told Alex we offered a Route into Work course to about opportunities with TfL, originally promote the role. ‘Sign me up straight suggesting customer services roles, but at away!’ was Alex’s response. Seven young the time, he felt he lacked the confidence people took part in the course and all for this. However, there was another achieved the further education NCFE opportunity more suited to Alex’s Level 1 accreditation in Business and qualifications and interests. Customer Awareness. For Alex there

30 Yearbook 2015 |2016 MY ROUTE INTO WORK 31 HERITAGE AND

Primary research, object conservation There was also a rolling programme of COLLECTIONS and curatorial expertise were all vital Poster Parades – themed mini-exhibitions elements of the Hidden London showcasing 20 posters at a time. The Museum’s collection of nearly 475,000 objects programme. Curators combed the includes vehicles, posters, signs, uniforms and other Museum’s collections of engineering We undertook an extensive redisplay of drawings, photographs and posters to the permanent design gallery to mark the items that represent London’s unique transport heritage. unearth information about the Hidden beginning of the Transported by Design We ensure the collection is properly conserved and London sites. Visits to The National programme of activities and events. Archives yielded notable discoveries, and Content was brought up-to-date and the cared for so it can be used as an inspiring and accessible new material acquired for Down Street and extensive audiovisual elements upgraded resource for exhibitions, events and research. Clapham South deep-level shelter included in conjunction with the large contemporary 20 previously unknown negatives and installation called Connections. Together, photographs. All of this helped bring the these two important parts of the Museum tours to life through the guides’ scripts, now cover all aspects of design including site displays, and the souvenir brochures station and vehicle design, graphic and given to visitors at the end of tours. poster design, and service design.

The collections were also integral to our Transported by Design also inspired the exhibitions throughout the year. Night Design Icons project which invited the Shift: London after Dark featured posters, public to pick their favourite from 100 key photographs and a large mosaic, and transport designs. The black cab, the work Open to All, an exhibition for Black of and ’s original History Month, displayed posters and were voted the top three and artwork celebrating the contribution of feature in a book based on the project. multi ethnic staff to The Collections team also spent much of since 1910 when Joe Clough became the year researching and preparing for the one of the earliest black bus drivers. next major exhibition, Designology.

32 Yearbook 2015 |2016 HERITAGE AND COLLECTIONS 33 HERITAGE AND COLLECTIONS

The Johnston Journeys programme is Researchers from around the world based on the life and work of celebrated continue to visit the Museum, access typographer Edward Johnston. This the collection and ask questions of year we held a Johnston symposium, the staff. We responded to over 8,000 researched a forthcoming book, and enquiries this year and licensed hundreds created a new showcase for wooden of images for use in LTM and third party Johnston typeface blocks. The Johnston publications. The Museum’s library and Ambassadors project paired volunteers information service began a project to with an artist to create artwork celebrating audit, clean and rehouse more than 5,000 the 2016 centenary of the Johnston pamphlets. The Information Services typeface. The resulting artwork – a set Manager helped to edit nearly 100 of ceramic tiles – is now on permanent written projects this year. One interesting display at Covent Garden. publication was a facsimile reprint of An Alphabet of T.O.T. (Train, Omnibus, Tram A major overhaul of the 1938 Tube stock – the title of the staff magazine at that unit began this year and we hope to have time), produced to mark the centenary it back in action on the Underground of its publication in 1915. This poignant soon. We also started a project to restore booklet was first published to raise funds our set of four Standard stock carriages, for transport workers serving at the and began extensive technical research Western Front. ahead of a proposed restoration of our Q stock train. Work on the Waterloo We began a contemporary collecting & City car is well advanced, and B type initiative this year to obtain material, both Battle Bus B2737 had vital work done tangible and digital, which reflects TfL’s to its engine and front axle. We have current activities and the rapidly changing also started repairs to the engine of LT transport network. The project includes type AEC double deck motorbus LT165, wide participation by TfL staff and in one and hope to make it roadworthy soon. significant piece of work we collected 554 photographs from 57 Tube stations The collection grew by more than 6,000 chronicling the closure of booking offices. objects this year including a C stock Underground driving car and a 1914 The Born Digital project has improved London & North Western Railway (LNWR) the way we collect, preserve and make Torpedo charabanc acquired from Mike accessible digital objects such as audio Sutcliffe MBE. This is one of three vintage and video recordings. We have also buses in the Sutcliffe Collection that LTM established new policies and standards has agreed to purchase and we launched around digital data that will inform our the Leyland buses appeal to raise funds ambitious online collections project to acquire and maintain these special to make 200,000 collections objects vehicles. The charabanc is currently on available over the coming years. display at Covent Garden.

34 Yearbook 2015 |2016 HERITAGE AND COLLECTIONS 35 London by Design BY ELIZABETH SCOTT, HEAD CURATOR, LTM

Vehicles, ephemera, drawings, plans, posters, artworks, signs, relics and photographs – London Transport Museum’s collection is as varied, exciting and enthralling as London itself. As new Head Curator, how could I get to know the collection thoroughly and quickly? Overhauling the permanent design galleries was the perfect answer.

Design covers every single facet of the beginnings of consistent design during the collection, so while conducting the Victorian period. For the first time, the my research I was getting to know our design gallery and our giant contemporary objects and their stories, soaking up installation, called Connections, share broad themes and detailed histories a visual identity, helping visitors make simultaneously. But the more I learned their own connections between past and the greater the challenge became – if the present, and between notions of physical whole Museum is a testament to design, design and those of service design – the how do you select which stories to tell way in which London’s modern transport in a permanent gallery dedicated to the systems are planned and managed to subject? I started by looking at the early deliver the best possible service. Our pioneers of transport design – figures young apprentices helped to update the such as Frank Pick, Harry Beck, Edward 3D model of London and the digital Johnston and Charles Holden from the content of Connections was overhauled ‘golden age’ of design in the 20th century. with the help of the Centre for Advanced Beck’s Underground map, Holden’s Spatial Analysis. It now includes real-time stations, Johnston’s typeface, the information about all the buses, Tube trains glorious posters commissioned by Pick – and cycle hire bikes across the Capital. all masterpieces in their own right as well as important parts of London’s transport At the centre of the design gallery, though, design heritage. I wanted to tell their remains Frank Pick. The man who literally stories in a different way, exploring the changed the face of London through his legacy of these classics in contemporary vision, innovation and commitment to developments, and using innovative excellent design. Pick’s portrait takes audiovisual elements to bring the pride of place alongside his notebooks space to life. and scrapbooks in a showcase I once jokingly called the ‘altar to Frank Pick’. Certain stories warranted their own My dictionary defines an altar as ‘a showcase: posters, vehicles, Tube place of commemoration or devotion’, maps, and the ground-breaking sense so perhaps on reflection, that’s exactly Elizabeth Scott joined LTM as Head Curator in 2014. of corporate identity that London what the London by Design gallery is, She is the lead curator for London by Design and Transport created years ahead of its a commemoration of the work of Pick the new Designology exhibition, and a passionate time. But alongside them I injected and his contemporaries, and testimony advocate for the permanent Frank Pick memorial other histories such as moquette seat to their lasting impact on London’s planned for Circus station. fabric, bus maps, poster production and transport network.

36 Yearbook 2015 |2016 LONDON BY DESIGN 37 Plans for the future Our medium-term strategic priorities are to develop and maximise the effectiveness of our presence in Covent Garden, and look to expand our capacity beyond the Museum’s walls.

With record visitor numbers to Covent Plans for 2016/17 include a major Developing value in Garden, the Museum has been close to redevelopment of the Covent Garden all our relationships capacity at times this year. This has led shop, new merchandise ranges from Relationship management is the key us to carefully consider the Museum’s leading designers, retendering the to fundraising, customer service and future development and in particular our webshop service provider, and stakeholder support. The Customer premises strategy. We have investigated building partnerships to support key Data Excellence project will help alternative locations but the timescales programmes such as the Enjoyment transform the Museum’s business and funding implications mean that our to Employment initiative. processes, bringing together data on medium-term strategic priorities remain visitors, shoppers and supporters to with Covent Garden. However, in addition Advancing the Distributed Museum improve the quality and relevance of we will seek outside opportunities to With the Museum feeling close to our contact with them. We will also begin increase our impact through educational capacity for visitors, and Acton Depot an internal campaign to see ourselves programmes, new charitable and retail close to capacity for collections storage, through our customers’ eyes as part of a ventures, and key partnerships with TfL we have developed the concept of the master plan for Covent Garden to 2020 and other stakeholders. Distributed Museum as a way of which includes gallery upgrades and continuing to extend our reach and improvements to our entrance, queuing In support of our aims, we have identified impact beyond our busy central and welcome arrangements. four key areas of strategic development: London base. The Distributed Museum encompasses current initiatives such Maximising the use of our resources Creating additional commercial value as ‘pop-up’ shops at Tube stations, Effective systems and capable, motivated Financial sustainability remains a key heritage road and rail operations and people are essential to our success. priority. The Museum has an excellent the hugely popular Hidden London In the coming year we will review our track record of delivering income through programme. Plans for 2016/17 include mission-critical collections management our trading company which operates more Hidden London tours and the system and establish an IT strategy. We retail, sponsorship, venue hire and introduction of new venues, additional will improve our project management other activities. With an Assistant retail sites, and an evaluation of the and project review processes, and the Director – Commerce now in post, we potential for satellite ventures aimed way in which we analyse and report on have a new focus for the identification at particular types of visitors. our performance. We will continue to and development of commercial keep premises issues under review and, opportunities across our portfolio. in particular, we will establish an office accommodation strategy for the medium term.

38 38 YearbookYearbook 2015 2015|2016|2016 PLANS FOR THE FUTURE 39 39 The Museum’s thought leadership initiative has grown into a well-respected and influential programme over the last few years. In 2015/16 the programme took the next step in its development.

Moving thinking forward. This deceptively Alongside a new name, Interchange will not only inform the Interchange simple phrase has come to symbolise includes other significant developments. programme, but also Museum gallery what our thought leadership programme Where appropriate, social media content and public events. is all about. Renamed as Interchange this platforms now offer a wider online year, the programme of events, seminars community the opportunity to interact We have ambitious plans for Interchange and debates regularly brings together and engage in the debate. The Twitter to go beyond a series of industry events opinion formers, decision makers, policy account @LTMInterchange reports live and develop into a wide transport forum writers, leading academics and senior from events and passes on intelligence that could include conferences, papers, practitioners to exchange views and from other relevant conferences and research and even public debates about explore ideas about transport, cities events and Managing Director, local, national and international issues. and infrastructure. Sam Mullins now posts an Interchange blog on LinkedIn. Our relationships with the Museum’s Interchange is the pre-eminent programme Corporate Members, with TfL and with of its kind in the UK, and is described Most significantly, in January 2016 we industry bodies are fundamental to by Professor Tony Travers of the London engaged in a strategic partnership with the success of the programme. We are School of Economics and Political Science, Arup and enrolled Josef Hargrave as our enormously grateful to our speakers, as ‘a great way to think quickly and deeply’ Arup Futures Fellow. Josef is an Associate sponsors and attendees, and in particular about the important issues of today and in the global Foresight + Research + to Eversheds and Thales UK for their the challenges of the future. Our specially Innovation team at Arup and his expertise ongoing support of Interchange. invited audiences are knowledgeable and informed, and as Iain Anderson, Head of Business Development and Tendering, Colas Rail observed, they are ‘senior ‘LTM’s Interchange programme is people with the capability and authority to filling a gap in thought leadership turn the plans into reality’ – these are the leaders who are moving thinking forward for the transport sector’ into real action. Dominic Williams, Hewdon Consulting

40 INTERCHANGE MOVING THINKING FORWARD 41 INTERCHANGE PROGRAMME

Our range of topics is as broad as the varied interests of our audience, and our reputation Keeping London’s The future of ticketing allows us to secure top industry names for competitive edge Ticketing doesn’t have a future! This was the discussions and debate. This year we held In a follow-on from our infrastructure conclusion at the event led by Shashi Verma investment series, we looked at London’s (TfL) and Mark Austin (Visa Europe). London’s seven round table events. global position and competitive edge. experience shows that, for customers, the Discussions were led by John Dickie (London simplest route to quick and easy payment First), Colin McIlheney (PwC) and Julian Ware for transport services is the contactless bank Road space tug of war: the (TfL), and centred on London’s exceptional card – so why are other UK rail providers long term management of population growth and demands on housing reluctant to adopt smart ticketing? Smart traffic demand in urban areas and transport. Where will investment come ticketing generates more travel and better Planning, managing and prioritising demand on from and who will pay for it? Attendees agreed data, but must be seen as a visionary customer London’s road network means trying to balance that London will need to control more of the proposition, not a costly hardware investment. the conflicting demands of road users. Led by resources it generates if it is to successfully It may only need one region to take the plunge Professor Stephen Glaister and Ben Plowden reinvest in infrastructure. and the rest will surely dive in… (TfL), our first event of the year examined progress in implementing the road space New towns and the impact – making the case demand management recommendations of population growth for infrastructure investment of the Roads Task Force report. Our next event considered the consequences At our final event of the year, Michele Dix (TfL) of high population growth on outer London. and Andrew Crudgington (Institution of Civil Customer service on the Transport as an enabler of development was Engineers) made the case for investment in front line – making every a strong theme during the discussions led by Crossrail 2 and other major UK infrastructure journey matter Bridget Rosewell (Volterra Partners) and Andy projects. Since the meeting, the National Effective recruitment and training are key to Hunt (Quod). Also discussed were new urban Infrastructure Commission have endorsed delivering an excellent customer experience. towns, estate renewals, densification, and Crossrail 2 and we are one step closer to Using bus industry research, we examined the the possibilities of adding extra storeys to seeing this exciting new project become role of managers and supervisors in creating a existing buildings. Attendees felt strongly that a reality. between drivers and passengers. Case an integrated transport and housing strategy studies were delivered by Neil Micklethwaite should be a priority for the new Mayor. (East Midlands Trains), Jocelyn Pearson (Transport Focus) and Caroline McKinley (Ipsos MORI).

Road and Rail Travel Trends ‘An event that puts people from This year we again partnered with the Independent different backgrounds in the same Transport Commission to deliver an exclusive preview of its latest Road and Rail Travel Trends room discussing common strategic report. The report investigated attitudes among four key groups with a strong impact on travel issues has got to lead to better trends: younger people, pensioners, migrants and business travellers. Steven Norris and Dr Kristine understanding and better solutions.’ Beuret led the discussions and pondered the possible implications for future government policy. Mark Threapleton,

42 YearbookåYearbook 2015 2015|2016|2016 THE INTERCHANGE PROGRAMME 43

E-COMMERCE Income and support Online sales achieved record turnover this year in excess of £0.7m, an increase of 37 per cent The Museum’s charitable work depends on income generated over the previous year. Sales benefitted from a second collaboration with Fender guitars by commercial activities, fundraising and marketing, and the and specially commissioned working models generous donations of time and money made by volunteers, of London Underground S stock trains which generated national press coverage. Significant sponsors, LTM Friends and other supporters. investment was undertaken to improve the way the shop appears in search engine rankings and LONDON TRANSPORT MUSEUM RETAIL on mobile devices, and a major emphasis was MUSEUM (TRADING) LTD Shop sales fell this year as changing visitor put on customer communication with Twitter The Museum’s trading company operates demographics affected sales of books and followers for @ltmuseumshop up 80 per cent, retail, venue hire and other business activities adult-orientated gifts. By contrast, toy sales and email subscribers totalling more than to provide funds for the charity. This year, were up 41 per cent on last year and the toy 44,000. A weekly retail-focused newsletter has the company generated an accounting profit Tube train, toy Routemaster bus and City of been highly successful in generating new sales. before tax of £1.1m which will be distributed to London wooden train set were among the the Museum by way of Gift Aid. Online sales most popular products. To address the decline CORPORATE HIRE increased considerably as did venue hire and in sales a significant refurbishment of the LTM welcomed more than 17,000 guests at MARKETING membership income. Unfortunately, retail sales Museum shop is scheduled for 2016/17. more than 230 corporate venue hire events this 2015/16 was an award winning year for the at the Covent Garden shop fell, but initiatives year, and achieved significant growth in turnover Museum. As well as the Heritage Railway were introduced to generate further income and bottom line. In December, we worked with Association giving our website an award for including a new LTM shop at South Kensington lighting and event production company, Light excellence, the Museum was a double winner Tube station and a licensing deal to sell Motif, and entertainment company, Sternberg in the Time Out Love London Awards when Museum posters at John Lewis Clarke, to create Christmas party packages the Covent and Acton Depot stores in London and online. which proved a huge success. were voted the best Culture Venue in their Further developments are respective local areas by Time Out readers. In planned for 2016/17. addition, our partnership with TfL Press Office to support 2014’s Year of the Bus programme was recognised at the Public Relations Consultants Association National Awards where we won the Public Sector, Value for Money award.

Intensive press and PR activity during the year resulted in excellent coverage for the Night Shift and Prize for Illustration exhibitions. The relaunched, London by Design gallery was covered widely in specialist and general media, and a well-planned campaign ahead of the Acton Depot Open Weekend in September saw Museum staff appearing on BBC Radio London, helping us achieve record-breaking attendance figures. We established a marketing partnership with the riverboat operator MBNA in 2015, and launched a joint riverboat/LTM discounted entry ticket.

44 Yearbook 2015 |2016 45

TfL hosted the 10th annual Covent Garden Notably, the Museum welcomed its first INCOME AND SUPPORT Dinner and Auction in September 2015, runner this year when raising a record £315,000. The then Mayor of Mark Collier, an Operational Trainer for The new book Mr Men in London was launched London Boris Johnson MP, TfL Commissioner London Underground raised £1,900 for our at LTM in June and we negotiated for London Mike Brown MVO, and Chairman of Network Route into Work employability programme. Transport Museum to be included in the book Rail, Sir CBE were keynote Mark completed the course in three hours as one of the destinations visited by these speakers alongside 600 transport industry and 41 minutes. popular characters. In the summer we ran two guests. We are grateful to those who weeks of Mr Men summer activities which contributed and bid in the lively charity helped to draw family audiences. auction once again overseen by James from Bonhams. We are increasingly using social media to communicate with our audiences, and this year The Museum’s Patrons Circle scheme we expanded our use of Instagram, added 25 grew to 23 Patrons this year. The varied per cent more Twitter followers and 12,000 programme of events included a Severn Valley additional Facebook fans. We also secured Railway driving experience courtesy Twitter ‘verification’ – a badge awarded to of Patron Phil Swallow, and a steam journey accounts offering highly sought-after content. on the Romney, Hythe & Dymchurch Railway thanks to Patron Paul Ross. Patrons also A major area of focus was growth in the email enjoyed a visit hosted by Wrightbus to its subscriber list. We entered into a partnership Ballymena factory. with an email marketing company to help develop our communications with supporters FUNDRAISING We launched the Leyland buses appeal to and have seen excellent results, especially for The generous support of our funders helped help the Museum acquire three buses from online shopping. We also began a project to us invest in our galleries, collections and the Sutcliffe Collection, and we are grateful improve our communications and tailor people this year. Arts Council England (ACE) to everyone who has contributed to this content to our audiences by pulling together funding helped us deliver sector-leading work project, including the London Transport the data that we have about our supporters with apprentices and young people, develop Museum Friends who are very important from the online shop, ticket sales new ways of collecting, and create a ‘pop- financial supporters of and newsletter subscriptions. up’ shop in South Kensington Tube station. the Museum. TfL and the DCMS/Wolfson Museums and Galleries Improvement Fund helped bring digital information to life through our updated Connections gallery which opened alongside the remodelled London by Design gallery funded by ACE and a TfL project grant.

The Museum’s 1914 B type Battle Bus, restored thanks to the support of the London Transport Museum Friends and Heritage Lottery Fund (HLF), participated in an extensive HLF funded programme of events this year. HLF also supported Johnston Journeys, a two-year programme commemorating typographer Edward Johnston.

Longstanding supporter, the Luke Rees-Pulley Charitable Trust (LRPCT) generously provided funding for a number of projects including an Inspire Engineering apprentice post and props for the popular All Aboard family galleries.

46 Yearbook 2015 |2016 INCOME AND SUPPORT 47 CORPORATE SUPPORT INCOME AND SUPPORT Building on the successes of Tube 150 and VOLUNTEERS Year of the Bus, summer 2015 saw the start We are extremely grateful to our talented of Transported by Design, an 18-month team of volunteers. During 2015/16, programme of events and activities volunteers contributed more than 20,000 demonstrating how good design makes hours to heritage vehicle events, learning life in London better. The programme has programmes, collections development, Depot been made possible thanks to the support Open Weekends, and delivering the marvellous of headline sponsor, Exterion Media, along Hidden London tours. The growth of Hidden with Bombardier, Atkins, Costain, Cubic London meant we had to do our first large Transportation Systems and BAE Systems. scale targeted volunteer recruitment. We took on 25 additional guides, many of whom are TfL Cubic Transportation Systems and Exterion employees volunteering in their spare time. Media also continued their support of two LONDON TRANSPORT key Museum spaces – the Cubic FRIENDS Thanks to museum resilience funding from and Foyer, and the Exterion Media Gallery. The Museum’s activities and public Arts Council England, we are developing Siemens supported the Museum’s Inspire programmes are enthusiastically supported by a strategic plan for volunteering, and we Engineering programme for a second year, the London Transport Museum Friends – an launched the LTM Volunteer Forum to gather and Clear Channel UK entered a second independent charity which provides LTM with feedback about the experience of volunteering year of sponsorship of Transport Poster volunteers and financial assistance, as well as and give participants a role in its development. Art which celebrates the rich legacy of arranging an extensive programme of meetings, The Museum has become a member of the poster design on the London Underground visits and other activities for their members. National Council for Voluntary Organisations by commissioning exciting new work. Grants to the Museum from the Friends and set goals to raise volunteers’ satisfaction Eversheds and Thales continued their totalled some £79,000 this year including a levels, improve training and support, and grow support of the Museum’s thought leadership donation of £20,000 to kick-start the Leyland the annual contribution to 28,000 hours. programme under its new name Interchange. buses appeal.

The Corporate Membership scheme had its Volunteers from the Friends worked best ever year, generating more than £600,000 as guides for Hidden London, helped of unrestricted income. New members at to run the Museum’s heritage road Leader level included Stagecoach, ATOS IT and rail vehicles, and worked on key Services UK and NSL, and at Member level initiatives at Acton Depot including we were joined by Atkins, BYD, Ericsson, the Heritage Train Engineering project First Class Partnerships, Interserve and M&C which uses part of a 1967 Tube stock Saatchi. This year we celebrated 25 years of car to demonstrate how Underground Corporate Membership and we are particularly trains operate. The Friends also run grateful to Bombardier, Cubic Transportation and maintain the popular Acton Systems, CH2M, FirstGroup and Siemens who Miniature Railway which have been members since the scheme began. celebrated its 10th anniversary in 2015. We are also grateful to staff and apprentices at and Wrightbus who kindly supported the restoration of the MA1 hopper bus and the Gold Arrow DW bus respectively. MA1 was on display at Covent Garden during summer 2015.

48 Yearbook 2015 |2016 INCOME AND SUPPORT 49 Corporate Members Supporters and Sponsors The Museum has a thriving Corporate Membership scheme We would like to thank the following organisations and and we are grateful to the following organisations for their individuals for their support and generosity this year support and enthusiasm

LEADER MEMBER MAJOR SUPPORTERS Abellio 2CV Transport for London Alexander Dennis Amey* Heritage Lottery Fund Arriva London Atkins Arts Council England Atos IT Services UK BAM Nuttall DCMS/Wolfson Foundation Museums and Galleries Improvement Fund Balfour Beatty Rail* Bircham Dyson Bell* London Transport Museum Friends Bombardier Transportation UK* BYD Luke Rees-Pulley Charitable Trust Capita* Group* Garfield Weston Foundation Colas Rail* Capital & Counties Properties* ComfortDelGro CityLink Telecommunications MUSEUM SPONSORS Cubic Transportation Systems* Deloitte* Exterion Media* – Exterion Media Gallery EPC Ericsson Cubic Transportation Systems* – Cubic Theatre and Foyer FirstGroup UK Bus* Eversheds* Clear Channel UK* – Transport Poster Art GB Railfreight Ferrovial Agroman Siemens* – Inspire Engineering Hitachi Rail Europe* First Class Partnerships Eversheds* – Interchange thought leadership programme Imtech Traffic and Infra UK* Freshfields Bruckhaus Deringer Thales UK* – Interchange thought leadership programme JBW Group Gowling WLG* Keolis UK Interserve* Transported by Design sponsors Kier* M&C Saatchi Exterion Media* – Headline Supporter Marston Holdings McNicholas Bombardier Transportation UK* MBNA Thames Clippers Morgan Sindall* Atkins M J Quinn* Mott MacDonald Costain* NSL Mountview House Group Cubic Transportation Systems* QBE Insurance PricewaterhouseCoopers Ringway Jacobs* RATPDev Galleries and infrastructure supporters Siemens* Sacker & Partners* DCMS/Wolfson Foundation Museums and Galleries Improvement Fund Skanska STM Security Group Arts Council England Stagecoach* Trapeze Group Luke Rees-Pulley Charitable Trust Swiss Re Trueform Engineering London Schools Excellence Fund telent Technology Services* Vix Technology Optare Thales UK* Wrightbus* Royal Commission for the Exhibition of 1851 Transit Operations The Lord Mayor’s Appeal HONORARY CORPORATE MEMBER DRIVER 4-RAIL Services and with thanks to: CH2M Imtech Traffic and Infra UK Go-Ahead Group* *Thank you to all companies who purchased tables at McKenna Brothers HDI the 2015 Covent Garden dinner and auction, including Go-Ahead London* Alstom Transport, Ashurst, BAE Systems Applied Intelligence, BT Global Services, F M Conway, Herbert Thanks to all those who supported the Leyland bus appeal, in particular the Smith Freehills, ISS, Telefonica 02. Friends of London Transport Museum, Clive Bentley and Andy Griffiths. Thanks also to supporters of the Battle Bus appeal, including Paul Ross. And thanks to Mark Collier, LTM’s Virgin Money London Marathon runner 2015/16.

50 Yearbook 2015 |2016 CORPORATE MEMBERS, SUPPORTERS AND SPONSORS 51 Richard West began volunteering at LTM in 2011. He was a steward for the Tube 150 steam runs in 2013 and is a tour guide at Acton Depot and for Hidden London. Richard is also one of the founding members Our Patrons share a love of our Patrons Circle. Here he explains why of London’s unique transport he became a Patron: and design heritage and are committed to the success of London Transport Museum’s work. Volunteering with the Museum has been an enjoyable and rewarding experience, and I often think that it has given me far more than I have given it! In return for their vital support, Patrons Circle members are invited to take part in an unrivalled programme of events With training and support from the Museum team which include exclusive experiences, behind-the-scenes tours, I’ve delivered tours and even a talk in the Cubic Theatre – neither of which I would have been able and invitations to special events and exhibition previews. to do before I started volunteering. I have helped deliver family tours at Acton Depot, assisted with HIGHLIGHTS OF THE 2015/16 PROGRAMME the Inspire Engineering programme and supported family and schools activities at Covent Garden. I’m . Severn Valley Railway driving experience currently a tour guide at Acton and at a number of . Private view – The Prize for Illustration 2015 Hidden London venues. . Romney, Hythe & Dymchurch Railway visit . Cab ride around the loop I have had such an amazing time as an LTM . Trip to Bristol and Brunel’s ss Great Britain volunteer that I wanted to give something back. . Edgware Road signal cabin visit . Wrightbus Routemaster factory tour in Ballymena I thought the Patrons Circle programme looked great, and I haven’t been let down – we’ve had some WE WOULD LIKE TO THANK ALL OUR PATRONS wonderful events and trips, and the Patrons are a FOR THEIR GENEROUS SUPPORT very diverse and friendly group. There have been many highlights: we’ve had extended access and Ian Arthurton Richard and Sue Rees-Pulley time at a number of Hidden London locations, a David Buck Ian Ross fantastic outing on the Romney, Hythe & Dymchurch Paul Butler Paul Ross Railway, and an amazing day on the Severn Valley Steve and Melanie Edge John Self OBE Railway courtesy of Museum Trustee and fellow Martin Elms Jaspal Singh Patron, Phil Swallow, where we all got to drive a Sir Peter Hendy CBE Mike and Pat Sutcliffe steam train and were fed and looked after royally. Adrian Hollands Phil Swallow Guy Marriott Tony Vroon I intend to continue as both a volunteer and a Richard Meads MBE Richard West Patron for as long as I can. Alan Moore Nicholas Woolf Tim O’Toole CBE To begin your Patrons Circle journey, visit ltmuseum.co.uk/support-us/make-a-donation/patrons

52 Yearbook 2015 |2016 PATRONS CIRCLE 53 Public programme We run a popular and exciting programme of talks, tours, exhibitions and evening events that help us FAMILY ACTIVITIES enrich our engagement with audiences. April 2015– Props and Costumes March 2016 Weekend fun and family engagement with role play and dressing up in replica historical transport costumes

With more than 450 tours and 11,000 Depot tours were very popular this 28 March– Storytime participants, the Hidden London year and the Depot Open Weekend in 17 April 2015 Storytelling featuring Boysey the Rabbit and Monty Mole as programme was a major part of this year’s September was the best ever, with more they try to meet in London and keep missing each other busy events schedule. Volunteers are an than 6,400 attendees. At Covent Garden 28 March– Animated London essential element of Hidden London, and we introduced special weekday sessions 17 April 2015 Inspired by animals and vehicles in the Family also contribute greatly to our heritage for the under-fives to encourage families Galleries, visitors could bring them to life with short vehicle operations as crew and stewards. to visit at off-peak times. stop-frame animation

23–31 May 2015 All Aboard for Drawing Visitors were invited to learn easy drawing tricks and create their most loved London places with collage, pens and pencils

6–7 June 2015 Mr Men in London book launch weekend Reading of the new Mr Men book in which the well-known characters visit London Transport Museum, catch a boat and take the Tube. There were also Mr Men craft activities

27 July–2 August; Mr Men in London 15–23 August 2015 Storytelling, craft activities and a Museum trail inspired by the new Mr Men book HIDDEN LONDON 3–9 August; Adventure on the River 12 June–5 July 2015 Access All Areas: Charing Cross 24–30 August 2015 Interactive stories with an imaginary sailing trip in a Thames Tours of non-operational underground areas including Nipper and boat-based craft activities disused Jubilee line platforms and a construction tunnel 24 October– Nightowl 1–25 October 2015 Subterranean Shelter: Clapham South station 1 November 2015 Storytelling and craft activities based on the Nightowl logo Visitors ventured 180 steps down into this deep-level featured in the Night Shift: London after Dark exhibition shelter to go back in time to see where Londoners sheltered from the Blitz 31 October 2015 Special Education Needs: Early Explorers Morning Early opening with Nightowl make and take activities 26 November– Churchill’s Secret Station: Down Street 20 December 2015 An intimate look into one of London’s most intriguing hidden 28 December 2015 Dreamtime: Storytime and Singalong spaces that acted as a top-secret bunker during the Blitz –3 January 2016 Drama, singing and stories for younger visitors, with make and take activities inspired by Night Shift 21 January– Aldwych Disused Station 21 February 2016 A rare opportunity to explore this abandoned station which 13–21 February 2016 The Midnight Bus also sheltered Londoners during the Blitz Storytelling for and creative activities inspired by Night Shift

25 March– Access All Areas: Charing Cross Tuesdays during Singing and Stories for Under-5s 17 April 2016 Tours of non-operational underground areas including termtime, September Special weekday sessions including singing and dancing disused Jubilee line platforms and a construction tunnel for families with younger children

54 Yearbook 2015 |2016 PUBLIC PROGRAMME 55 HERITAGE VEHICLE OUTINGS HERITAGE VEHICLE OUTINGS (CONTINUED)

7–13 April 2015 Beamish Open Air Museum 1 July 2015 HLF/DCMS Programme launch Battle Bus B2737 in operation carrying the public on B2737 at the Guards Memorial on Parade demonstration runs at the Great North Steam Fair

12 April 2015 East Grinstead Country Bus Running Day 2–4 July 2015 Shuttleworth Collection Unique rear-engined Routemaster FRM1 in public service B2737 on public display at the military pageant held at on recreated route 424 Old Warden Aerodrome

19 April 2015 Spring Gathering 11 July 2015 Potters Bar Garage Open Day Red Arrow bus MBA582 on display and Routemaster RM1 Green Routemasters RM2 and RCL2229 on static display in public service on a tour to Hampton Court 15–19 July 2015 Crich Tramway Village Battle Bus B2737 on display and giving public demonstration rides 25–26 April 2015 Acton Depot Open Weekend at the ‘Home Front during the Great War’ event. Mobile exhibition RM1 and a heritage bus from the London Bus Company vehicle also in attendance providing local tours 2 August 2015 Thames Valley 100 3 May 2015 Historic Commercial Vehicle Society B2737 on display with other elderly restored buses outside London-Brighton Run Reading station as part of a running day to commemorate 100 Prototype Routemaster RM2 and B2737 on the annual London years of the Company to Brighton run for historic commercial vehicles (B2737 won the cup for Best Military Vehicle) 22 August 2015 Imberbus B2737 giving public demonstration runs as part of the 4 May 2015 Purfleet Heritage & Military Centre annual Imberbus event B2737 at the launch of local buses operated by Ensignbus which have been named after local men listed 27 Aug– ss Great Britain and Bristol M Shed on Purfleet War Memorial 1 Sept 2015 B2737 on public display alongside ss Great Britain and on the quayside in Bristol Docks as part of a holiday weekend event 7–9 May 2015 Firepower, Woolwich Arsenal B2737 driving from Purfleet to Woolwich, via the Woolwich 13 September 2015 Amersham Heritage Day Ferry, to be displayed at Firepower in Woolwich Arsenal as part Routemaster RCL2229 providing a free bus link between of our outreach programme. Battle Bus exhibition vehicle also and the Old Town in conjunction with in attendance heritage steam train operations on the Metropolitan line

24–25 May 2015 Wrest Park, Luton 19 September 2015 Hull Streetlife Museum Big Bus Day B2737 attending ‘Wrest at War’ B2737 on public display at the Big Bus Day event (more than 1,000 visitors climbed the stairs to the upper deck during the day – one 6 June 2015 RCL2229 Anniversary Run every 10 seconds!) Our Green Line Routemaster coach operating over its old routes 721 and 722 from to Brentwood/Corbets 18 October 2015 London Bus Museum TransportFest Tey and back to commemorate its 50th birthday 1935 Country bus Q55 celebrating its 80th birthday by meeting Q83, the only other London Transport Q type still existing. 7 June 2015 Hertford Country Bus Running Day DMS1 also in attendance RM2 in free public service over route 310 between Hertford and Waltham Cross 29 October 2015 Capital & Counties Properties (Capco) Poppy Launch Battle Bus B2737 on display all day in Covent Garden Piazza 20 June 2015 Coaches’ Open Day RM2 on static display 31 October 2015 display K424 on display in Regent Street providing a contrast with a 25 June 2015 Willington School, Wimbledon modern bus as part of TfL’s exhibition foretelling the future Guided tours of Battle Bus B2737 for schoolchildren for energy and emissions-friendly passenger vehicles

28 June 2015 London Bus Museum ‘Seventies Summer’ 7 February 2016 RM1 60th Anniversary Green Line RCL2229 on display Prototype Routemaster RM1 travelling over its original route between Golders Green and Crystal Palace as the main guest on an anniversary road run and public display

56 Yearbook 2015 |2016 PUBLIC PROGRAMME 57 EXHIBITIONS AND SPECIAL DISPLAYS

24 April– Poster Parade: Travel Etiquette. Don’t. Please. Thank you. 25 July 2015 Illustrative collaborations between TfL’s Youth Travel Ambassadors programme and the Museum

25 July– Poster Parade: London in Summertime 23 October 2015 Summer in the city with colourful and vibrant posters ranging from the 20th century to today

23 October 2015– Poster Parade: Electrifying London 29 January 2016 The first electric Tube railway opened in 1890, heralding a revolution in London transport and nightlife: posters capture the moment

29 January– Poster Parade: Literary London 29 April 2016 Playful ways designers have engaged with literature from the 20th century to the present day

From 1 Breakthrough: Crossrail’s Tunnelling Journey February 2015 Displays including a five-metre high walk-through section of tunnel showing how Crossrail is being built under London’s streets

MUSEUM DEPOT

April 2015– Depot Discovery Tours BUS GARAGE OPEN DAYS AND TOURS March 2016 General tour of the Depot’s extensive collection of buses, trains, signs, maps, signalling equipment and more 20 June 2015 Epsom Garage Open Day Celebrations at the 95th anniversary of Epsom Coaches with 25–26 April 2015 Museum Depot Open Weekend: Transport Uncovered 200 stalls, family activities and visit from the Museum’s RM2 Exploration of London’s transport system past and present with talks, film screenings, heritage bus runs and demonstrations 11 July 2015 Potters Bar Garage Open Day from the Emergency Response Unit. Aimed at families, the Special day for the local community with a visit from the Engineering Academy provided challenges for budding engineers Museum’s RM2 and RCL2229

May– Depot Family Tours 5 September Camberwell Garage Open Day October 2015 Special family tours highlighting a Victorian train carriage that 2015 Local fun with the Safety and Citizenship team, was once somebody’s home and an Underground train driven a mini-exhibition: Women in transport since the First World War by the Queen and buses K424, NS1995 and STL469

May 2015– Art and Poster Tours 19 September 2015 Willesden Garage Open Day February 2016 Guided tours of our celebrated collection of 7,000 Local fun with the Safety and Citizenship team, posters commissioned by London Transport, TfL and a mini-exhibition: Women in transport since the First World War predecessor companies and buses STL469 and RM2

26–27 Museum Depot Open Weekend: Design Uncovered 10 October 2015 Westbourne Park Garage Open Day September 2015 Visitors could uncover fascinating stories behind the design Local fun with the Safety and Citizenship team, classics in our collection, and learn about the secrets of a mini-exhibition: Women in transport since the First World War, moquette and the first Tube map. Special activities were community storytellers, and Battle Bus B2737, RM2 and provided for families and children gold RT4712

58 Yearbook 2015 |2016 PUBLIC PROGRAMME 59 TALKS, COMEDY AND OTHER EVENTS

9 June 2015 London’s first skyscraper LTM Fellow Oliver Green talked about the history of , St James’s Park

13 June, Holden goes west 20 June 2015 Station architecture tour on the exploring the style of Charles Holden

15 June 2015 Friday Late: Places and Spaces Opening celebrations for Prize for Illustration 2015: London Places and Spaces exhibition with live jazz, face painting, tours and pop-up postcard craft activities

14 July 2015 Tubespotting Geoff Marshall bringing back his comedy show about his love of London Underground

11 September 2015 Friday Late: Night Shift Celebrations for the launch of Night Shift: London after Dark exhibition

30 October 2015 Friday Late: Make mine a double Talks, craft activities and film screenings inspired by the Night Shift exhibition. Additional headline event Spirited London: Gin and the City took visitors through the long and chequered history of gin

11 November 2015 Nightwalking Talk by author Matthew Beaumont about past walkers of London’s night streets ‘Loved the DJ! The crafts were excellent 1 December 2015 Piccadilly and the life drawing was great.’ The silent 1930s film Piccadilly accompanied by live piano played by Stephen Horne Visitor comment about Friday Late: Illuminate

23 January 2016 Walking the Ginger Line with Iain Sinclair Talk by author Iain Sinclair about his travels around London Overground in one day

12 February 2016 Friday Late: Illuminate Talks by lighting designer Florence Lam and night photographer , plus headline event Talk and Tasting: The Scent and Spirit of London exploring perfume and drinks through the last 100 years

23 February 2016 The Man Who Branded London: Edward Johnston’s Underground Typeface Simon Garfield, author of Just my Type, talking about the Johnston Font

7 March 2016 Contemporary collecting symposium: Looking back at the story so far Half-day symposium on contemporary collecting work today and placing it in a longer historical context

23 March 2016 Go West Young Man, the untold story of Edward Johnston Andrew Johnston talking about his grandfather, the celebrated typographer

60 Yearbook 2015 |2016 PUBLIC PROGRAMME 61 funding and general financial position, .. To contribute towards the cost Financial review and having due regard to the guidance of major asset renewals and other issued by the Charities Commission. future capital expenditure associated Following a year of substantially increased activity and a related The policy is reported to stakeholders with the Museum’s premises, increase in expenditure, the charity made an operating deficit of via the Annual Report. facilities and assets. .. To support the Museum’s strategic £0.3m in 2015/16. It was, however, a year of great achievement and The charity has three types of reserves: development, in particular the need we were able to establish the Hidden London programme, deliver .. General reserves are unrestricted for periodic reinvestment on a large significant capital improvements and set aside further funds to funds which provide working capital scale in the content and design of and help deal with unplanned and the Museum galleries. prepare for the next stage of the Museum’s development. unexpected expenditure or loss of funding. There is £29.6m set aside in four key The Museum ended the year with funds we are confident that it will become an .. Designated funds are unrestricted designated funds: carried forward of £31.5m (2015: £31.8m) important source of unrestricted funds funds set aside by the Trustees after recording net expenditure of as it develops in the future. Following for a specific purpose. Future Exhibitions and £0.3m (2015: net income £1.1m). Of the the end of the Year of the Bus in 2014, .. Restricted reserves are reserves Education Fund £0.5m Museum’s total funds, the £24m Capital commercial sponsorship income fell as which have been created when This Fund was established to give Fund (2015: £25.1m) represents the value expected, but nevertheless, significant donors or funders restrict the use assurance that the Museum’s next of the Museum’s fixed assets rather than sums were secured for the Museum’s of funds for a particular purpose. major exhibition can be delivered even if liquid funds readily available for use. regular sponsorships and as part of the external sponsorship cannot be raised, The Trustees have set aside £5.5m in a Transported by Design programme. Arts The Museum has no endowment funds. enabling the Museum to plan ahead series of designated reserves (see below) Council England, the Heritage Lottery The Trustees are aware of initiatives for long lead-time exhibitions and and the Museum has £1.1m of general Fund, and the London Transport Museum such as the HLF Catalyst programme educational programmes by providing reserves which is equivalent to around Friends all remain important funders. which encourage organisations to some level of cover for the costs of such four weeks of unrestricted expenditure. develop endowments through matched activities. Fundraising lags expenditure Overall expenditure increased by 14 per funding, and should such programmes be and the Museum cannot wait until it Despite ongoing reductions in its revenue cent this year, although the comparative repeated in the future we would be keen raises all the funds for a project before grant, TfL’s support remains critical to 2014/15 figures were depressed due to to explore these kind of opportunities. committing to that project. However, the Museum. This year we received TfL the release of accruals for TfL central the Fund will only be called upon project ‘investment’ grants to develop services which are no longer charged for. GENERAL RESERVES £1.1M should we be unable to raise external new retail outlets and improve the The costs of some of the development General unrestricted funds are those sponsorship. The target level for the Museum’s galleries, and TfL departments work necessary to raise income affected not designated or restricted to a Fund is set at £0.5m which is based on provided essential finance, payroll and the bottom line as the costs of trading particular purpose. £1.1m is equivalent to the full cost of one major exhibition HR services at no charge to LTM. Over and fundraising increased. Although approximately four weeks of unrestricted and associated education programme. the last few years the Museum has there was only one major exhibition operating expenditure and is in line with There were no calls on this Fund in successfully developed its ability to in the year, work associated with previous years. While no target range 2015/16 as the Museum’s learning and raise revenue from other sources and the improvements to the London by has been set, in assessing the level of exhibition programmes secured the income increased again this year with Design and Connections galleries, and reserves, the Trustees have had regard to necessary income to undertake planned retail turnover, venue hire, admissions preparation for 2016/17’s Designology LTM’s diverse income streams and the activities. As each exhibition is a unique income and corporate memberships all exhibition, both had an impact. To deliver importance of TfL funding and support. proposition, based on a different higher than in 2014/15. Hidden London on our programmes, and support our aspect of the collection and of appeal generated additional revenue but this development aspirations, we have taken DESIGNATED FUNDS to different potential funders, past was offset by the relative decline in on additional permanent, agency and Trustees designate reserves for three experience of successful fundraising for income from steam train operation freelance staff which has also affected main reasons: previous exhibitions does not materially caused by maintenance issues taking the cost of operations. .. To enable the Museum to plan ahead affect the prospects of fundraising for the locomotive out of action for part for major exhibitions and educational future exhibitions and therefore it is of the year. The cost of developing RESERVES programmes in advance of securing prudent to maintain this Fund at Hidden London tours is high: overall, The reserves policy is reviewed annually external sponsorship or other funding the target level. the programme broke even this year, but taking into account the Museum’s plans, by setting aside funds to cover the cost of such activities should external income not become available.

62 62 YearbookYearbook 2015 2015|2016|2016 FINANCIAL REVIEW 63 63 Museum Asset Covent Garden. A further £1.5m has been conservation. In 2015/16, the CDF funded The Museum’s key risks are identified as Development Fund £1.6m designated to support this aim, and the new acquisitions and restoration activity those with a potential impact that is rated The Museum Asset Development Fund fund has been renamed the Museum totalling £134k. This included the first set ‘High’ or ‘Very High’, and which have a ‘High’ was established to set aside funds for Strategic Development Fund in order to of payments for the Sutcliffe Collection or ‘Very High’ likelihood of occurring. Three repairs and renewals to the Museum’s recognise our widened ambitions for the vehicles (after a £38k contribution from risks fall into this category: fixed assets, particularly the Acton Depot future of the Museum, both at Covent the Leyland buses appeal). infrastructure and the 19th century Garden and beyond. .. Reduction in retail and listed buildings at Covent Garden. The The Heritage Lottery Fund, Arts Council commercial income. Museum’s capital expenditure needs are No targets have yet been set for England and DCMS/Wolfson Museums .. Increase in fixed costs – especially very variable and external capital grants this Fund, but the Trustees intend to and Galleries Improvement Fund are all those associated with rental costs at can be difficult to secure. However, in designate additional reserves where important supporters of LTM projects Covent Garden. recent years, specific grants have been possible to support the significant and programmes. Where the restricted .. Employee morale – especially given made by TfL and others for particular level of future expenditure that will be funds supplied by these organisations recent changes to TfL pay bands and projects, meaning the Museum has not associated with a Museum redisplay only meet a proportion of project reward structures, and further had to call on this Fund as much as in the next five to ten years, and any expenditure, transfers are made from proposed changes being discussed expected. This year, the Fund provided programme of expansion in the short general funds to meet the remaining cost. with Trades Unions. £0.4m towards the Museum’s capital term associated with the Distributed Details of these transfers, and of other investment programme, leaving the Fund Museum initiative. minor restricted funds can be found in To mitigate these risks, the Trustees and/ at £1.6m. The target range for this Fund is the notes to the financial statements. or Management Team have undertaken the between £1m and £2m. Capital Fund £24m following actions: The majority of the Museum’s fixed INVESTMENT POLICY Museum Strategic assets transferred to LTM from TfL It is the current policy of the Museum to .. Created the Assistant Director - Development Fund £3.5m on 1 April 2008. At this time, reserves invest surplus funds in short-term cash Commerce role to grow and develop This Fund was created to help address equivalent to the balance sheet value of deposits within the UK. traded income. the important strategic challenges the assets were set aside in a designated .. Trialled new trading initiatives such as facing the Museum, and in particular, to fund as they do not represent funds RISK MANAGEMENT the ‘pop-up’ shop at South Kensington. provide financial resources for the next readily available for other purposes. This The major risks to which the Museum .. Developed ambitious plans to refurbish major Museum refurbishment project. Capital Fund is adjusted to include the is exposed are regularly reviewed and and remerchandise the Museum shop. Periodic refits are required to ensure value of asset purchases and disposals, the Trustees’ risk management strategy .. Recruited a property specialist to the Museum’s long-term sustainability, and is written down annually by the value includes the following actions: join the Board. keep LTM’s galleries up to date, maintain of the depreciation on the Museum’s .. Periodic risk reviews by the .. Initiated the rent review process a high quality visitor experience, fixed assets. Transfers have been made Managing Director and Senior for the Museum’s galleries to provide incorporate the latest interactive in respect of the capital work undertaken Management Team, overseen by greater clarity and certainty around any technologies, and replace worn out or this year to ensure that the Capital Fund the Audit Committee. possible increase. ageing infrastructure. The Museum at represents the net book value of the .. Annual review of risk and risk .. Proposed a new framework and Covent Garden has been significantly Museum’s tangible fixed assets. management by the Trustees. consultative forum with trades unions. refurbished twice since it opened in .. Maintenance of the Risk Map .. Maintained a Museum People Group 1980 with the last one being completed RESTRICTED FUNDS £0.8M and Risk Register. to improve staff engagement. in 2007 at a cost of over £20m. The The largest restricted fund is the .. Maintenance of systems and Museum 2020 Fund was established in Collections Development Fund (CDF) procedures to mitigate risks identified Although a vote for Britain to leave 2014/15 to build up a reserve to help which was established in 2012 following in the Risk Map and Risk Register. the European Union is likely to have deliver the next iteration of the Museum, the auction of 400 surplus posters. The .. Maintenance of procedures some effect upon the UK economy and £2m was initially designated against Museums Accreditation scheme requires designed to minimise any potential including exchange rates and tourism this fund. that the disposal of any collection impact on the Museum should in London, it is too early to say if this object creates an obligation to spend those risks materialise. presents significant risks to the This year, the Trustees have expanded the income in a way which benefits .. Regular audits of Museum Museum and its future operations. LTM’s strategic priorities to include the remaining collection. Accordingly, operations carried out by TfL’s the Distributed Museum – a plan to the Collections Development Fund Internal Audit department. develop activities at sites away from can only be used for acquisitions and

64 64 YearbookYearbook 2015 2015|2016|2016 FINANCIAL REVIEW 65 65 The redevelopment of the former Covent at Acton, a dedicated storehouse in west Garden market provided an opportunity London, where items not on display at for a dedicated central London home for Covent Garden are conserved and made the collection and on 28 March 1980, the publicly accessible through tours London Transport Museum was opened and open days. by HRH Princess Anne. LTM became a registered charity in With just 1,000 items in the collection 2008, with a Board of Trustees and a when we opened in 1980, the Museum clear remit to deliver public benefit. now cares for more than 450,000 objects Today we welcome more visitors than including trains, buses, trams, signs, ever and deliver significant social benefit History of photographs, posters, uniforms and through our skills development and youth other material. We still occupy the same engagement programmes. The Museum’s Covent Garden building but it has been busy schedule now includes late-night the Museum significantly refurbished twice with two openings, Depot Open Weekends, bus further interior floors, a purpose-built and steam train operations, Hidden The Museum can trace its roots to the 1920s when the lecture theatre, special exhibition galleries London tours of disused stations, and an London General Omnibus Company (LGOC) decided to and multiple education spaces added. education function that engages nearly all preserve a small collection of buses at Chiswick Works. In 1999 we opened the Museum Depot Year 6 children in London each year. The collection has since grown and developed, and is now at the heart of the world’s leading museum of urban transport.

The London Passenger Transport Board were set aside for a new National inherited the LGOC collection in the Railway Museum in . The remaining 1930s and added further road and rail artefacts became the ‘London Transport vehicles. Subsequently, the Museum of Collection’ and were given a new home British Transport opened in Clapham in in a greenhouse at Syon Park. Conditions the 1960s, but closed when the collection were less than ideal and some items were was split up and mainline railway items mothballed at operational bus garages.

66 Yearbook 2015 |2016 67 Linda Chandler resigned from the Board in Committees Structure, governance May 2015 when she was offered a position The Board of Trustees has four committees: abroad. We are very grateful to Linda for her and management contribution to the Museum and were sorry .. The Audit Committee assists and advises to see her leave. the Board of Trustees of LTM and the Directors of LTMTL on audit matters, Legal status and governing documents The Trustees and SMT as a group are Also during the year Sir Peter Hendy stepped oversees the relationship with TfL Internal London Transport Museum Limited (LTM) is a collectively considered to represent the ‘key down as a TfL nominated Trustee when he Audit and external auditors, and oversees registered charity incorporated on 6 February management personnel’ of the charity – ie took up a new role as Chair of Network Rail. the Museum’s risk management process. 2008 as a company limited by share. It is those persons having authority and responsibility He was subsequently invited to join the Board The committee’s activities include detailed governed by its Memorandum and Articles for planning, directing and controlling the as an independent Trustee, and the Museum review of the Annual Accounts and of Association. Under the GLA Act 1999, day-to-day activities of the charity. continues to benefit from his expertise in consideration of Internal Audit Reports. Transport for London (TfL) has the power to governance, the transport sector and .. The Finance Committee assists and provide and maintain a museum of transport LTMTL is governed by a Board of Directors heritage operations. advises the Trustees on issues relating artefacts, records and other exhibits. While which includes Museum Trustees and staff, to financial matters including financial it is common for charities to incorporate as and independent non-executive directors. The vacant TfL nominee position was objectives, financial strategy, budgeting companies limited by guarantee, the Transport filled by Michèle Dix who joined the Board and reporting. The committee reviews for London (Specified Activities) Order 2000 Trustees in November 2015. Michèle is Managing budgets and plans, and scrutinises requires TfL to carry out museum activities There are up to thirteen Trustees, three Director for Crossrail 2, a visiting professor performance information including through a company limited by shares. of whom are nominated by TfL and may for UCL and a major figure in the International management accounts. be members, officers or employees of Association of Public Transport which .. The Nominations Committee advises Under section 5.1 of the LTM Memorandum TfL or the Assembly. The promotes public transport research the Board on issues relating to the of Association, the property and funds of the Managing Director of LTM is automatically and best practice globally. mix of skills represented by the Board, Museum must be used only for promoting the a Trustee by virtue of his office, and there succession planning for Trustees, and objects and no dividend is payable to TfL. are up to nine independent Trustees We were also joined this year by Andy Trustee recruitment. In particular, the unconnected with TfL. The Board has Rothery, a real estate professional with committee makes recommendations to LTM has a wholly owned subsidiary, London established a Nominations Committee to twenty-seven years of industry experience the Board regarding the appointment Transport Museum (Trading) Limited (LTMTL) offer advice and make recommendations who is also a Freeman of the Leathersellers of independent Trustees. which operates retail, corporate hire and other regarding the appointment of independent Livery Company in London, Foundation .. The Remuneration Committee reviews non-charitable activities to generate funds to Trustees. We use personal recommendation Governor of the Prendergast Federation of the level and structure of remuneration for further the Museum’s objects. All the profits and external search to recruit Trustees with five inner city state schools in Lewisham, the Chief Executive and other members of of LTMTL are distributed to LTM. expertise and experience that will support and Chair of Trustees of the Florence Trust, LTM’s Senior Management Team on the strategy and operation of the Museum a London based Contemporary behalf of the Board. Organisation in areas such as community outreach, Arts organisation. The Museum is governed by a Board of education, museum practice, commercial Trustees, chaired by Sir David Bell. The transportation, finance and governance, At 31 March 2016, there were Board meets four times a year for routine retail operations and public relations. thirteen Trustees. business and may convene other meetings as necessary to consider urgent issues. In Trustees serve a three-year term following Trustee induction and training addition, Trustees take part in an annual which they may be elected for another New Trustees undergo an orientation review of strategy. Day-to-day management three years. The Articles of Association programme to brief them on their of the Museum is delegated to the Managing make allowance for a second extension obligations under charity and company Director, Sam Mullins, and through him to the of up to three more years in exceptional law, the content of the Memorandum and Senior Management Team (SMT), employees circumstances. Other than the Managing Articles of Association, the committee and volunteers. The SMT is made up of five Director, who is an employee of LTM, the and decision-making processes, the business Assistant Director posts, each with distinct Trustees receive no remuneration but TfL plan and recent performance of the Museum. functional responsibilities. offers Trustees (and non-executive Directors During their induction they are invited to of LTMTL) certain travel concessions. If these spend time with the LTM Managing Director are not sufficient, Trustees may claim travel and meet senior staff, and are provided with expenses for attending meetings. relevant reference material.

68 Yearbook 2015 |2016 STRUCTURE, GOVERNANCE AND MANAGEMENT 69 Relationship with TfL contribution within the overall context of LTM does no harm or detriment through its benefit assistance. Most Museum admission A series of written agreements exists Organisation and Business Unit performance. charitable activities. The health and safety of tickets are valid for one year to encourage between TfL and LTM which sets out the The framework is underpinned by TfL’s staff and visitors are taken very seriously and return visits and increase value for money framework for the continued provision and Performance Management and Competency the Museum operates safety management for visitors. Many of the Museum’s outreach maintenance of the Museum, the operation frameworks, linking performance and systems to reduce and manage risks. We seek programmes are free for participants. The and funding of LTM, and the long-term behavioural assessment directly with pay and to manage our impact on the environment Safety and Citizenship and Youth Travel relationship of the parties. Items in the performance awards. Pay and remuneration and we use photovoltaic solar panels on the Ambassador programmes engage with over Museum collection are subject to a loan of the charity’s key management personnel is Museum roof to generate around 2% of the 100,000 pupils each year and are delivered agreement between the Museum and TfL. overseen by the Remuneration Committee. annual electricity requirement. at no cost to the schools taking part.

The Museum receives support from parts As part of the TfL group, Museum staff (2) Public aspect: That the Museum delivers Where the Museum delivers private benefits of the TfL Group such as Finance, Human receive free or discounted travel on public benefits to the public in general, and that to individuals or companies, these are subject Resources (HR), Internal Audit and Payroll, transport services operated by TfL. these benefits are not unduly restricted to appropriate commercial arrangements and is given access to TfL assets such as and do not give rise to more than incidental undertaken through a subsidiary company to disused stations. Further details can be found Charitable objectives and public benefit personal benefit. generate funds for the Museum. No LTM or in the Notes to the Financial Statements. When reviewing the Museum’s aims, TfL staff receive private benefit other than in The Museum generally adopts TfL’s HR, objectives and achievements, and in planning LTM delivers benefits to visitors at the an incidental way and, with the exception of Procurement and other policies unless a future activities, the Trustees of LTM have Museum in Covent Garden and the Depot Sam Mullins who receives a salary in respect Museum-specific policy has been agreed had due regard to the public benefit guidance in Acton, to users of our website, and to of his position as the Museum’s Managing by the Board and takes precedence. published by the Charity Commission. We schoolchildren and audiences across Greater Director, the Board receive no payments for Examples of Museum policies include believe that LTM upholds the principles of London who take part in our educational, their role as Trustees of the Museum. safeguarding, reserves, and sponsorship. public benefit against the two key aspects community and engagement activities. Our established by the Charity Commission: audience development and community Relationship with other Employment policies outreach work engages with people who charities and organisations At the end of March 2016, (1) Benefit aspect: That the Museum has would not normally visit museums and The Museum is an instinctively collaborative the Museum employed 103 people. beneficial purposes and that any detriment or galleries. The Museum at Covent Garden is organisation that seeks to work with like- harm that results from those purposes does fully accessible and welcomes visitors on all minded partners from the private, public, The Museum is part of the TfL Framework not outweigh the benefit. but two days of the year. educational and not-for-profit sectors to for Consultation and Collective Bargaining. achieve mutually beneficial goals and enhance Pay negotiations for the majority of staff are LTM’s purposes as a charity are to advance Our visitors come from across London and the delivery of public benefit. A list of our conducted between the TfL Company Council the heritage of transport in London and the world. We take our heritage vehicles education and engagement partnerships for Collective Bargaining and the recognised to educate the public about the history of out onto the roads and rails, make historic can be found in the Strategic Report. trades unions which are the National Union of transport in London through the provision, disused stations publicly accessible, visit Rail, Maritime and Transport Workers (RMT) and operation and maintenance of a transport schools and work with local communities Disclosure of information to auditors the Transport Salaried Staff Association (TSSA). museum for the public benefit. LTM also across the Capital. We also loan objects The Trustees who held office at the date of The Museum has proposed an appendix to seeks to educate the public about the wide to other institutions to extend our reach approval of this Trustees’ Report confirm the TfL Framework that would devolve greater role of transport in the life and work of and increase access to our collections. Our that, so far as they are each aware, there is responsibility for consultation and collective London past, present and future, and to comprehensive, free, online resources include no relevant audit information of which the bargaining to Museum management working help develop the skills and employability of access to information about exhibits in our Museum’s auditors are unaware; and each with local TU representatives. The appendix is our beneficiaries, particularly in regard to main gallery as well as thousands of objects Trustee has taken all the steps that they currently being consulted upon with a view to transport and engineering. not normally on public display. ought to have taken as a Trustee to make implementation in 2016/17. themselves aware of any relevant information The Museum provides clear and Although the Museum charges admission and to establish that the Museum’s Pay and remuneration of the charity’s key identifiable benefits to the public in three fees, various measures are taken to ensure auditors are aware of that information. management personnel is subject to the TfL categories of activity: access and museum that charges do not unduly restrict access to Senior Management Reward Framework which operations, education and engagement, the collection. These include free entry to uses base pay to recognise an individual’s and heritage and collections. Details of our the Museum for anyone aged 17 or under, overall value to the organisation in relation achievements in these areas can be found and for carers accompanying disabled visitors. to internal and external job markets and in the Strategic Report. Reduced admission charges apply to senior Performance Awards to reward individual citizens, students and those in receipt of state

70 Yearbook 2015 |2016 STRUCTURE, GOVERNANCE AND MANAGEMENT 71 Trustees’ statement Trustees and advisors

Statement of responsibilities of the Trustees of London Transport Museum DIRECTORS AND TRUSTEES COMPANY SECRETARY Limited in respect of the Trustees’ annual report and the financial statements The Directors of the charitable company Howard Carter are its Trustees for the purpose of charity law and throughout this report are MUSEUM SENIOR MANAGEMENT TEAM The trustees are responsible for The Trustees are responsible for collectively referred to as the Trustees. David Burns - Assistant Director: Commercial preparing the Strategic Report, the keeping adequate accounting records (on attachment from TfL) Trustees’ Annual Report and the financial that are sufficient to show and explain BOARD OF TRUSTEES Chris Gilbert - Assistant Director: Business and Performance statements in accordance with applicable the charitable company’s transactions Sir David Bell (Chair) Chris Nix - Assistant Director: Collections and Engagement law and regulations. and disclose with reasonable accuracy Linda Chandler (to 15 May 2015) Janette Palmer - Assistant Director: Visitor Services (interim) at any time the financial position of the Roger Cooke Geoff Rowe - Assistant Director: Visitor Services (interim) Company law requires the Trustees to charitable company and enable them Michèle Dix* (from 5 November 2015) Wesley Salton - Assistant Director: Marketing & prepare financial statements for each to ensure that its financial statements Vernon Everitt* Development (maternity cover) financial year. Under that law they have comply with the Companies Act 2006. Sir Peter Hendy (to 17 August 2015 as TfL Claire Williamson - Assistant Director: Marketing & are required to prepare the group and They have general responsibility for nominee, reappointed 5 November 2015) Development (maternity leave) parent company financial statements taking such steps as are reasonably open Penny Johnson in accordance with UK Accounting to them to safeguard the assets of the Keith Ludeman DIRECTORS OF LONDON TRANSPORT Standards and applicable law (UK group and to prevent and detect Angela McConville MUSEUM (TRADING) LIMITED Generally Accepted Accounting Practice), fraud and other irregularities. Terry Morgan CBE Roger Cooke including FRS 102 The Financial Reporting Sam Mullins (Managing Director) Chris Gilbert Standard applicable in the UK and This report was approved by the Andy Rothery (from 15 December 2015) Angela McConville Republic of Ireland. Board of Trustees and signed on Phil Swallow Sam Mullins 24 August 2016 on its behalf by David Worthington Randeep Sidhu Under company law the Trustees must Michael Walton not approve the financial statements AUDIT COMMITTEE Peter Williams unless they are satisfied that they give a Sir David Bell Claire Williamson true and fair view of the state of affairs Sam Mullins, Managing Director Roger Cooke (Chair) David Worthington (Chair) of the group and charitable company and London Transport Museum Limited Keith Ludeman of the group’s excess of expenditure over Company registration number 6495761 Phil Swallow PRINCIPAL BANKERS income for that period. In preparing each Charity number 1123122 HSBC of the group and charitable company FINANCE COMMITTEE 8 Victoria Street financial statements, the Trustees are Sir David Bell (Chair) London SW1H 0NJ required to: Roger Cooke Keith Ludeman AUDITORS .. select suitable accounting policies Angela McConville KPMG LLP and then apply them consistently; David Worthington Chartered Accountants .. make judgements and estimates that 15 Canada Square are reasonable and prudent; NOMINATIONS COMMITTEE London .. state whether applicable UK Sir David Bell (Chair) E14 5GL Accounting Standards have been Vernon Everitt followed, subject to any material Angela McConville PRINCIPAL LEGAL ADVISERS departures disclosed and explained in TfL In-House Legal Department the financial statements; and REMUNERATION COMMITTEE 6th Floor Windsor House .. prepare the financial statements on Sir David Bell (Chair) 42–50 Victoria Street the going concern basis unless it is Vernon Everitt London SW1H 0TL inappropriate to presume that the Penny Johnson group and the charitable company will continue its activities.

72 TRUSTEES STATEMENT TRUSTEES AND ADVISORS 73 Independent auditor’s report

Independent auditor’s report to the shareholder of London Transport Museum Limited

We have audited the financial statements Respective responsibilities of Opinion on other matters prescribed of London Transport Museum Limited for Trustees and auditor by the Companies Act 2006 the year ended 31 March 2016 set out on As explained more fully in the Statement In our opinion the information in the pages 76 to 88. The financial reporting of Trustees’ Responsibilities set out on Strategic Report and Trustees’ Annual framework that has been applied in page 72, the Trustees (who are also the Report, which constitutes the Directors’ their preparation is applicable law and directors of the charitable company Report, for the financial year for which UK Accounting Standards (UK Generally for the purposes of company law) are the financial statements are prepared is Accepted Accounting Practice), including responsible for the preparation of the consistent with the financial statements. FRS 102 The Financial Reporting Standard financial statements and for being applicable in the UK and Republic of Ireland. satisfied that they give a true and fair view. Matters on which we are Our responsibility is to audit, and express required to report by exception This report is made solely to the an opinion on, the financial statements We have nothing to report in respect of charitable company’s shareholder in in accordance with applicable law and the following matters where the Companies accordance with Chapter 3 of Part 16 International Standards on Auditing Act 2006 requires us to report to you if, in of the Companies Act 2006. Our audit (UK and Ireland). Those standards require our opinion: work has been undertaken so that we us to comply with the Auditing Practices might state to the charitable company’s Board’s Ethical Standards for Auditors. .. the charitable company has not shareholder those matters we are kept adequate accounting records or required to state to the shareholder in Scope of the audit of the returns adequate for our audit have an auditor’s report and for no other financial statements not been received from branches not purpose. To the fullest extent permitted A description of the scope of an audit of visited by us; or by law, we do not accept or assume financial statements is provided on the .. the charitable company financial responsibility to anyone other than the Financial Reporting Council’s website at statements are not in agreement with charitable company and its shareholder, www.frc.org.uk/auditscopeukprivate. the accounting records and returns; or for our audit work, for this report, or for .. certain disclosures of Trustees’ the opinions we have formed. Opinion on financial statements remuneration specified by law are not In our opinion the financial statements: made; or .. we have not received all the .. give a true and fair view of the state information and explanations we of the group’s and the charitable require for our audit. company’s affairs as at 31 March 2016 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; .. have been properly prepared in Ian Pennington (Senior Statutory Auditor) accordance with UK Generally for and on behalf of KPMG LLP, Accepted Accounting Practice; and Statutory Auditor. .. have been prepared in accordance with the Companies Act 2006. Chartered Accountants, 15 Canada Square, London E14 5GL

24 August 2016

74 Yearbook 2015 |2016 INDEPENDENT AUDITORS REPORT 75 - - 12 838 522 217 £000 3,028 3,866 5,544 6,066 1,854 4,453 4,574 2,493 4,564 3,485 2,035 1,135 1,135 30,642 10,094 15,095 31,777 13,960 Total Funds 2015 Funds Total - 14 137 975 894 253 (258) (258) £000 3,279 4,254 5,305 6,199 1,929 4,374 4,687 2,693 4,875 4,317 2,599 15,599 31,519 31,777 11,603 15,857 Total Funds 2016 Funds Total ------3 48 94 21 (73) 203 254 355 750 192 357 847 659 753 868 659 £000 Restricted Funds 2015 Funds Restricted Including income and expenditure account - Year ended 31 March 2016 March 31 ended Year - account expenditure and income Including - - - 25 38 38 48 22 173 168 174 143 131 186 533 174 374 868 596 (40) (62) 702 828 764 £000 Restricted Funds 2016 Funds Restricted - 9 25 73 838 522 £000 3,028 6,066 1,651 3,866 4,320 5,544 2,138 3,814 4,453 3,437 1,678 9,435 1,041 1,114 29,795 14,342 30,909 13,301 Unrestricted Funds 2015 Funds Unrestricted 6 14 79 (22) 832 856 (218) (196) £000 6,161 1,756 3,254 5,305 4,086 4,513 2,507 4,342 4,374 4,269 2,225 30,909 11,007 14,897 30,691 15,093 Unrestricted Funds 2016 Funds Unrestricted 5 6 7 9a 9a 9a 17 17 NOTE EXPENDITURE ON: Raising funds operations Trading Total income Total INCOME FROM: Other fundraising activities Charitable activities engagement and Education Investments (bank interest) Investments Donations, grants and fundraising Donations, grants Core grants donations and Other grants Charitable activities engagement and Education Access and museum operations museum and Access Other income operations museum and Access Heritage collections and activities Commercial Heritage collections and Reconciliation of funds Reconciliation funds brought forward Total Transfers between funds between Transfers of funds in year Net movement funds carried forward Total Net (expenditure)/income Total expenditure Total Consolidated statement of financial activities of financial statement Consolidated Financial Statements Financial

76

the Companies Act 2006the Companies Act 2011 the Charities 2015) (SORP Practice Statement Charities: Reporting by and of Recommended Accounting including Financial practice, accounting accepted Standards generally and United Kingdom Accounting under FRS 102. Refer to note 4 for an explanation of the transition. of the transition. explanation an to note 4 for Refer 102. under FRS Reporting Standard 102 (FRS 102), the Financial Reporting Standard the Financial applicable in the United Kingdom 102), (FRS 102 Reporting Standard been prepared in which the financial have year statements This is the first of Ireland. the Republic and ...... 1. BASIS OF PREPARATION OF PREPARATION 1. BASIS a) Statement of compliance a) Statement with: in accordance prepared been statementsThe financial have b) Basis of measurement b) Basis of measurement in accordance and concept under the accruals been prepared have and March made up to 31 are The accounts convention. accounting with the historical cost to continue adequate resources has expectation a reasonable that the charitable have company The Trustees to adopt the ongoing continue the Trustees future. Accordingly, the foreseeable for in operational existence report annual the accounts. and in preparing basis concern departed from the Charities have and and fair’ view a ‘true to give been prepared statementsThe financial have This 2008 fair’ view. Reports) a ‘true and Regulations and provide to the extent required to (Accounts only SORP Charities the preceding rather than 2014 July 16 on issued 2015 SORP following departure has involved April 2005 been withdrawn. has since and 1 2005) which was effective from (SORP statements of the financial set out below. are policies adopted in the preparation accounting The principal financial statements c) Group owned subsidiary and its wholly charity statements the results of the Museum financial consolidate These statement of Neither a separate line basis. on a line by Limited (LTMTL) (Trading) Museum Transport London following itself charity for the Museum are presented and expenditure account an income activities nor financial 408 afforded section by the exemptions Act 2006. of the Companies Notes to statements the financial

- - 868 500 2015 £000 6,680 1,941 6,372 8,313 2,000 2,000 1,312 (1,633) (1,633) 25,097 31,777 25,097 31,777 30,909 31,777 Museum

- - 828 500 2016 £000 2,226 6,363 8,589 1,559 3,500 1,089 7 ,476 (1,113) (1,113) 24,043 31,519 24,043 31,519 30,691 31,519 Museum

- 765 868 500 2015 £000 1,071 6,680 7,333 9,169 2,000 2,000 1,312 Group (2,489) (2,489) 25,097 31,777 25,097 31,777 30,909 31,777

- 977 828 500 2016 £000 1,831 7,476 6,799 9,607 1,559 3,500 1,089 Group (2,131) (2,131) 24,043 31,519 24,043 31,519 30,691 31,519 13 14 15 19 17a 16a 17a NOTE Capital Fund Future Exhibitions and Education Fund Education Exhibitions and Future Museum Asset Development Fund Development Asset Museum Museum Strategic Development Fund Strategic Development Museum Designated funds General unrestricted fund General unrestricted Debtors Stock Cash Unrestricted funds Unrestricted Restricted funds Restricted Called up share capitalCalled up share Falling due within one year Falling Tangible fixed assets fixed Tangible Current assets Current Total assets less current liabilities less assets Total Net current assets Net current Net assets Represented by Represented Creditors Total Sam Mullins, Managing Director, London Transport Museum, Company registration number 6495761 Company Museum, Transport London Director, Mullins, Managing Sam 77-88The notes on pages part accounts. of these form These financial statements were approved by the Trustees on 24 August 2016 and signed on their behalf by: and signed on their behalf 2016 24 August Trustees on by the statements financial were approved These Balance sheets Balance MarchAs at 2016 31

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control over the rights or other access to the economic benefit has passed to passed benefit has the economic to or other access the rights over control or gift with the transaction associated benefits will flow not that the economic than it is more likely the for incurred the costs and reliably be measured can the income of or amount the monetary value or periods; future accounting in be used or donation must only grant The donor specifies that the of the the operating costs trading and commercial of Costs of raising funds includes the costs the Museum (‘entitlement’) the Museum (‘probable’) to the Museum and its educational and public programmes, and the management and development of the development and the management and public programmes, its educational and and exhibitions. and collections Museum’s fund-raising department. transaction and the costs to complete the transaction can be measured reliably (‘measurement’). be measured reliably can the transaction to complete the costs and transaction Costs of charitable activities include expenditure associated with the operation of the Museum Costs of charitable activities include expenditure associated The donor has imposed conditions which must be met before the Museum has unconditional entitlement. has unconditional the Museum which must be met before conditions The donor has imposed ...... A ......

3. POLICIES CCOUNTING a) Income met: criteria are is included in the StatementIncome of the following Activities when all of Financial Support that relate costs against that activity. been allocated have they activity to an relate directly Where costs of staff categories on the basis to activity cost been allocated numbers in each one activity have to more than Note 9). of activity (see area Income from corporate supporter memberships, commercial trading, sponsorships and other similar activities other similar supporter and trading, sponsorships from corporate Income memberships, commercial are provided. services and related goods as the is recognised by the Museum are delivered where benefits basis. on a receivable is recognised income Investment funding to grant or where entitlement under contract from charitable received Income income activities includes are provided. services as the related goods or conditions which is recognised is subject to specific performance b) Expenditure capital expenditure) is included in the Statement of any Activities inclusive of Financial All expenditure (except following under the is classified when a liability is incurred and Expenditure is recognised VAT. irrecoverable categories: principal Income from donations, grants and fundraising includes items that provide core funding or are of a general of funding or are core items that provide fundraising includes and grants from donations, Income when: be deferred only would Such income upon receipt. recognised are nature. These

TES AND JUDGEMENTS USES OF ESTIMA

2. The preparation of Financial Statements in compliance with UK accounting standards of certain the use requires with UK accounting Statements of Financial in compliance The preparation the in applying judgement to exercise management and Trustees requires It also estimates. critical accounting policies. accounting Museum’s for amounts been made include statementsItems in the financial and estimates have judgments these where and the goods Where the benefit is quantifiable use. the Museum’s donated for services goods, facilities and statements in the financial recognised such items are had to be purchased, have otherwise would services and in which they in the period to the charity value estimate of their expenditure at a reasonable and as both income donated. are value to attributing including the difficulty in measurement issues 1.38, an economic section 2015 As per SORP incorporated being volunteers by provided of services the value prevent volunteers, of general the contribution found in the body Further be statements.volunteers can financial into these by detailscontribution made of the Report. Annual of the Trustees’ transferred on the net assets value placed is the and estimate in the accounts judgment The most significant 2008 April valued were assets These was formed. when the charity 1 Scheme at under the Transfer from TfL 2008. March as at 31 of TfL in the accounts of the assets this being the written value at £28.74m, down Gift been made for submitted.An estimate has also Aid claims not yet risk of causing a a significant to have considered made are no estimates or assumptions 2016, March As at 31 year. liabilities within the next financial and of assets amounts material adjustment to the carrying Notes to statements financial the (continued)

78

h) Pensions h) Pensions on final pensionable based benefits providing TfL operated by in a pension scheme participates The Museum to identify is unable The charity the Museum. of from those separately held are scheme of the The assets pay. and basis reasonable and on a consistent liabilities of the scheme and assets of the underlying its share if it as for it is accounted of FRS 102, 28 in section exemption as permittedtherefore, the multi-employer by to the Statementamount charged the scheme. As a result, Activitiescontribution of Financial a defined were period. The disclosures in respect of the accounting to the scheme payable the contributions represents in Note 20. given are required under FRS 102 party transactions i) Related out in section set of the exemption advantage has taken the Museum in Note 21, as disclosed far in so Except Group undertakings. with other TfL transactions any not to disclose 102 33 of FRS j) Taxation therefore and Act 2010 Schedule 6 Finance 1 out in Paragraph the tests set to pass is considered The Museum is the charity corporation for UK Accordingly, tax purposes. charitableit meets the definition of a company by from taxation within categories covered or capital in respect of income gains received exempt potentially 1992, Gains Act of Chargeable or Section 256 the Taxation of Act 2010 Tax Corporation 11 Chapter 3 Part to the extent that such income or gains are applied exclusively to charitable purposes. applied exclusively or gains are to the extent that such income k) Cash flow a from preparing 1.12(b), paragraph 102 FRS under of the exemption, advantage has taken The Museum Trading Transport undertakingowned subsidiary basis that it is a wholly of statement on the of cash flows, which financial company consolidated statements of that are included within the its cash flows Limited and 102. of FRS 12 and 11 liabilities as financial classified are 102 of FRS 12 and 11 sections of liabilities within the scope Financial measured at amortised cost. this and re-evaluates instruments at initial recognition of its financial determines the classification The Museum are measured they initially, are recognised instruments end. When financial year designation at each financial attributable directly subsequent The costs. plus any transactional price being the transaction at fair value, follows: as instruments depends on their classification measurement of financial are publicly available. publicly are instruments l) Financial sections of scope and debtors’ within the as ‘loans classified are the Museum held by assets Financial –10 years –10 0–35 years 3 1

Structural improvements to the fabric of the Museum at Covent Garden are depreciated over the remaining over depreciated are Garden at Covent to the fabric of the Museum Structural improvements is capitalised that future Other building work where it is considered years). (28 the building for of the lease life work. result of that as a standard will flow of performance assessed of the originally benefits in excess economic d) Heritage assets the of historical, artistic importance assets or scientific those Heritage are are held to advance that assets of over consist collections The Museum educational objects of the Museum. and conservation preservation, not capitalised statements are financial these within on loan Assets 475,000 from TfL. on loan items which are is included in the Statement Activities. maintenance of Financial and to their use although expenditure relating e) Operating leases to the Statement charged are Activities on a straight line basis Costs relating to operating leases of Financial the lease. of the life over f) Stock or net realisable value. of cost at the lower Stock is valued structure g) Funds been raised the donors or which have by laid down particular purposes for be used funds to funds are Restricted a specific purpose. for in furtherance of the Museum’s of the Trustees at the discretion use for funds available funds are Unrestricted charitable objectives. particular purposes. for the Trustees aside by been set funds that have unrestricted Designated funds comprise in Note 17. given categories are of the funds held in each of these uses and The purposes Notes to statements the financial (continued) assets fixed c) Tangible £10,000are capitalisedcost. at over assets Individual fixed follows: as lives useful their estimated over basis line are depreciated on a straight assets fixed Tangible equipment and Plant refurbishments Buildings and

79

- - 25 89 251 271 392 307 250 191 348 2015 £000 Total 5,544 2015 £000 6,066 Total 1,822 1,140 4,564

31 47 39 181 335 335 111 395 326 293 275 £000 2016 2016 £000 Total Total 2,146 1,255 6,199 5,305 - - - - -

8 - - - 47 38 38 181 186 111 533 4,875 £000 2016 2016 £000 Restricted Restricted

- - - 31 31 335 149 395 326 255 275 £000 2016 2,146 1,255 4,342 2016 £000 5,305 6,161 Unrestricted Unrestricted OM CHARITABLE ACTIVITIES OM CHARITABLE INCOME FR D

(a) Analysis by source of income Benefit dinner Gift and Donations, grants Aid Group and Museum and Group Safety and Citizenship income Citizenship and Safety Arts Council funding Museum admissions Museum Heritage vehicle events and station and tours Heritage events vehicle Battle Bus project Other miscellaneous charitable income Other miscellaneous Total Grants for youth engagement activity youth for Grants Luke Rees-Pulley Charitable Trust grants Charitable Trust Rees-Pulley Luke Grants for exhibitions for Grants Grants for skills and employability activities employability skills and for Grants 5. FUNDRAISING & ONATIONS 6. Total Donations Core grant from TfL grant from Core Donated central services TfL from

(98) £000 31,875 31,777 1 April 2015 O FRS 102 TRANSITION T

Reconciliation of group funds and balances and funds group of Reconciliation 4. Fund balances as previously stated as previously balances Fund Holiday pay accrual pay Holiday balances as restated Fund The Museum has adopted FRS 102 for the year ended 31 March 2016. In preparing the accounts, the Trustees the Trustees the accounts, In preparing 2016. March ended 31 the year for 102 has adopted FRS The Museum whether the and 2015 SORP and 102 FRS required by policies of the accounting the impact considered have all for is required to accrue the Museum 102, items was required. Under FRS restatement comparative of any at the date of the statement but not taken earned entitlement as holiday short-term absences compensated position. of financial benefits, from employee liabilities arising to recognise the requirement in applying the date of transition At entitlement from employee arising short-term for absence compensated was recognised accrual pay a holiday £98,000 The initial liability was for leave. annual to paid charity of the parent Report the Annual (as noted in 2014/15). for below: is provided of opening balances a reconciliation with the requirements of FRS 102 In accordance Notes to statements financial the (continued) debtors and other Trade trade at amortised For cost. subsequently and at fair value initially recognised are other debtors and Trade that evidence on objective is based The allowance impairment. estimated for afterdebtors this is allowance an prior experience and of all accounts a review due, through all amounts will not be able to recover the Museum in the recognised are of the allowance amount in the carrying Changes outstandingof collecting balances. Statement Activities. of Financial at discounted of future cash flows, value is estimated as the present other debtors of trade and The fair value purposes. disclosure rate of interest at the reporting is determined for date. This fair value the market Cash and cash equivalents or than original maturities of less deposits with bank and cash balances comprises in hand and Cash at bank months. equal to three and other payables creditors Trade at amortised using cost subsequently and at fair value initially recognised are payables other creditors and Trade the effective interest method.

80

- - - 77 38 792 637 519 2015 £000 Total 2015 £000 2,390 4,453 Total

61 41 626 399 705 2016 £000 Total 4,374 2,542 6 131 137 2016 £000 Total

------2016 £000 - Restricted 131 131 2016 £000

61 41 Restricted 626 399 705 2016 £000 2,542 4,374 Unrestricted - 6 6 £000 2016 - Unrestricted CIAL ACTIVITIES COMMER

Other miscellaneous income Other miscellaneous Coroporate memberships Commercial sponsorships Commercial Catering income Corporate hire Arts grants Council resilience Other miscellaneous income Other miscellaneous Total 7. INCOME 8. OTHER Total Other trading activities Retail sales Retail

- 25 89 250 191 348 307 392 2015 £000 Total 1,140 1,822 4,564 39 47 31 335 111 395 335 181 2016 Total 1,255 2,146 ------79 31 70 73 and 2016 Heritage collections ------25 187 335 2016 2,146 museum operations Access and Access - - - 47 39 32 86 75 395 and 2016 £000 £000 £000 £000 1,255 1,929 2,693 253 4,875 Education engagement

b) Analysis by type of charitable activity Other miscellaneous charitable income Other miscellaneous Grants for exhibitions for Grants grants Charitable Trust Rees-Pulley Luke Total Grants for youth engagement activity engagement youth for Grants employability and skills for Grants activities Battle Bus project Arts Council funding station and tours Heritage events vehicle Group and Museum and Group income Citizenship and Safety Museum admissions Museum Notes to statements the financial (continued)

81 - 4 27 28 47 978 149 139 471 397 2015 £000 £000 2016 Total 1,487 5,829 6,587 4,290 1,094 4 13 12 93 40 34 366 525 562 - £000 2016 6 funds 42 33 Raising 978 2016 £000 1,586 8 27 25 85 72 198 776 991 £000 2016 1,191 collections Heritage and 50 47 16 370 159 134 £000 2016 1,450 museum operations Access and Access 59 55 19 157 433 187 £000 2016 1,698 2,6082,273 2,226 2,040 engagement Education and Education Other services Audit - subsidiary trading company Audit - subsidiary Audit - Museum (b) Shared support cost allocation cost support Shared (b) Thisis stated after charging: Operating lease rentals - buildings Operating lease rentals Operating lease rentals - office equipment Operating lease rentals Auditor’s remuneration Auditor’s Depreciation Governance Other activities Total cost 2015 Total cost 2015 Total Systems presentationDesign and Finance and management and Finance Marketing Premises and facilities and Premises 10. NET INCOME 10. NET

838 £000 2015 Total 3,485 2,035 4,574 3,866 1,072 1,956 10,094 13,960

975 £000 2016 Total 4,317 2,599 4,687 4,254 1,080 2,199 11,603

- - 562 562 1,191 £000 2016 costs support Apportioned

413 £000 2016 2,199 1,408 1,080 5,578 6,025 3,692 2,091 2,226 2,079 2,608 9,270 6,587 15,857 Direct costs Direct Cost of goods sold costs Other trading subsidiary Other fundraising activities EXPENDITURE

(a) Direct and apportioned Direct and costs (a) Total Heritage collections and Charitable activities Access and museum operations museum and Access Education and engagement and Education Costs of raising funds 9. Notes to statements financial the (continued)

82

- - - - - 0 826 298 765 368 961 2015 £000 2015 £000 4,793 3,669 2,094 (2,094)

- - - - - 0 977 805 437 904 325 2016 £000 2016 £000 2,219 4,714 3,485 (2,219) LTMTL BALANCE LTMTL SHEET remuneration Total (a) 12. STAFF COSTS AND STAFF NUMBERS COSTS AND STAFF 12. STAFF Total Pension costs Pension Current assets Current Stock Debtors Cash Creditors Gift (including due within one year Aid to LTM) Falling assets Net current Creditors due after one year Falling Net assets Share capital and reserves capital Share capitalShare reserve and loss Profit funds equity shareholder's Total Group and Museum Group accrual) pay (including holiday salaries and Wages costs Social security

- 882 (221) (882) 2015 £000 4,131 1,103 1,103 (3,028)

- 869 (217) (869) 2016 £000 4,364 1,086 1,086 (3,278) TRADING SUBSIDIARY

LTMTL PROFITLTMTL AND LOSS ACCOUNT 11. Turnover Cost of operations Gross profit Gross Profit for the year for the Profit year after Gift for the profit Aid payment Retained Profit from ordinary activities before taxation ordinary activities before from Profit Distribution of Gift Aid to London Transport Museum (net of tax Museum credit) Transport Distribution of Gift Aid to London Tax on ordinary activities on ordinary Tax The Museum has a single subsidiary company, London Transport Museum (Trading) Limited (LTMTL), Limited (LTMTL), (Trading) Museum Transport London company, has a single subsidiary The Museum Notes to statements the financial (continued) Limited. Museum Transport London by owned wholly capital share issued of £1, an having corporate the Museum and undertakes sponsorships retail hire, commercial operations, venue LTMTL membership scheme. Tax at after shown Corporation are now profits the trading subsidiary’s HMRC, from guidance revised Following no tax via a Giftare distributed to the Museum as profits pays Aid donation. LTMTL the standard rate. However, benefits so the Museum on its profits, payable to the Corporation Tax a tax credit equivalent receives LTMTL of the profit before tax. from the full value £1.1m). (2015: is £1.1m of the Gift 2016 value Aid donation for The gross

83

532 £000 Total (9,138) (1,586) 34,235 25,097 185 415 471 24,043 (682) (129) (811) (10,724) £000 1,097 1,282 34,767 Plant and equipment 347 £000 (8,456) 33,138 24,682 ( 1,457) 33,485 23,572 ( 9,913) buildings Property andProperty

An apportionment of the employee benefits of Geoff Rowe and Janette Palmer who each spent half ofPalmer who each and Janette of Geoff benefits Rowe An apportionment of the employee and year, the throughout for both Claire benefits who was on maternity leave Williamson Employee who was on Burns David for group company TfL another made by charge An intercompany the year covering the vacant position of AssistantDirector: Visitor Services. vacant the covering the year maternity cover. Salton who was Wesley attachment from TfL. . . . T

. . . At 1 April 2015 At Additions Charge for the year for Charge At 1 April 2015 At As at 31 March, Museum staff had earned entitlement to annual leave not yet taken equivalent to an an to equivalent taken staff not yet Museum March, leave to annual entitlement had earned As at 31 The key management personnel of the Museum comprise the Trustees and the Senior Management Team Team the Senior Management and the Trustees comprise of the Museum personnel management The key 13. ASSETS ANGIBLE FIXED Group and Museum cost and Group At 31 March 2016 31 March At depreciation Accumulated 2016 31 March At 2016 at 31 March Net book value 2015 at 31 March Net book value (d) this recognise is required to the Museum £98,000). 2015 (2015: Under SORP of £102,000 estimated total value in the Statement been incorporated Activities. Financial of it has therefore liability and (e) £446,000. was personnel management key 73). page (see benefits of the The total employee This includes: 3.5 8.0 1.5 2.5 1.0 0.1 FTE 24.3 21.5 10.0 17.9 90.2

Group 2015 Group 1.0 6.5 3.0 3.0 1.0 0.0 FTE 26.5 22.6 12.1 17.9 93.6 Group 2016 Group 3 2 1 Group 2015 Group 4 1 1 Group 2016 Finance and management and Finance Marketing Systems presentationDesign and Premises and facilities and Premises Plus seconded staffPlus seconded (c) The average number of persons (full-time equivalents) employed during the year was: Education and engagement and Education £60,000 - £69,999 £70,000 - £79,999 £90,000 - £99,999 Access and museum operations museum and Access Heritage collections and Activities to generate funds Support functions Total Contributions to the defined benefit pension scheme made in respect of the six higher paid employees paid employees six higher scheme made in respect of the benefit pension Contributions to the defined £120,863). six employees, (2015: to £124,449 amounted their services. remuneration for any received none of the Trustees Director, the Managing (b) Other than Reimbursements of Trustees’ expenses which totalled £573 were made in the year (2015: Nil). which totalled expenses (2015: £573 made in the year were of Trustees’ Reimbursements Notes to statements financial the (continued) salary, including Museum, from the emoluments received director and paid is the only Director The Managing £95,324). made In addition, the Museum and other emoluments totalling benefits in kind £95,053fees, (2015: scheme, on behalf of a defined benefit Fund, £25,445) Pension to the TfL (2015: totallingcontributions £27,370 the year. Director for the Managing £60,000 to over emoluments amounted whose employees The number of below. is given in the year

84 ------60 39 76 828 653 500 2016 1,559 1,089 3,500 31,519 30,691 24,043 31 March ------(3) 39 67 10 22 (91) 532 (22) (441) 1,500 - - - - - (1) (15) (38) (38) (17) (134) (1,586) (1,586) 1,591 29,602 ------60 24 38 47 106 317111 (384) (138) 703 (765) 14,897 (13,507) (1,613) 14,897 (15,093) 15,600 (15,858) Income Expenditure Transfers - - - 1 17 14 39 49 (39) 787 500 868 2000 2015 1,312 2,000 £000’s £00025,097 £000 £000 £000 1 April 31,777 30,909 29,597 ST

DCMS/Wolfson Other miscellaneous restricted funds Other miscellaneous Inspire Engineering Battle Bus Collections development appeal buses Leyland journeys Johnston HLF Arts Council England Museum Asset Development Fund Development Asset Museum Met 353 Carriage Luke Rees-Pulley Charitable Trust Rees-Pulley Luke Future Exhibitions and Education Fund Education and Exhibitions Future Capital Fund Fund Development Strategic Museum (a) The movements onfunds are as follows: 17. FUNDS OFGROUP ATEMENT Total restricted funds restricted Total funds Total Total unrestricted funds unrestricted Total General funds Total designated funds Total Restricted funds Restricted Group and Museum Group Unrestricted funds Unrestricted Designated funds

- - - - 83 366 672 £000 2015 £000 £000 2015 2015 1,267 1,633 2,464 3,908 1,186 6,372 1,941 Museum

Museum Museum

- - 2 92 296 817 870 112 £000 2016 £000 £000 2016 2016 1,113 6,363 2,900 2,226 3,463 1,150 Museum Museum Museum

- - 1 83 31 402 701 338 £000 2015 £000 £000 2015 2015 2,004 2,489 7,333 2,901 4,432 1,071 Group Group Group

- - - 2 42 369 751 £000 2016 £000 £000 2016 2016 1,762 2,131 6,799 2,900 1,831 3,899 1,036 Group Group Group CREDITORS DEBTORS CASH

(a) Creditors: amounts falling due within one year one within due falling amounts Creditors: (a) Total Amounts owed by subsidiary undertakings subsidiary by Amounts owed Prepayments and accrued income accrued and Prepayments Taxation Trade debtors Trade Sundry debtors debtors Group TfL Trade creditors Trade TfL Group creditors TfL income deferred and Accruals Total Total Held in short-term deposit accounts Held in current accounts and in hand and Held in current accounts 16. 14. 15. and designated reserves (with the exception of the Capital Fund which is represented by the value of the the value by which is represented of the Capital Fund (with the exception designated reserves and assets). fixed Museum’s The majority of the cash balance is held to meet future expenditure relating to the Museum’s restricted relating to the Museum’s is held to meet future expenditure The majority of the cash balance Notes to statements the financial (continued)

85

- 1 1 £ 27 2015 £000 £000 Total 2015 9,607 Other (2,131) 24,043 31,519 31,875 - 42 - £000 2016 Other (74) 902 828 868 £000

1 1 £ 2016

- Restricted funds Restricted 978 2015 £000 Buildings Land and £000 8,705 (2,057) 24,043 30,691 31,007 - 978 £000 2015 Unrestricted funds Unrestricted Buildings Land and AL CALLED UP SHARE CAPIT OPERATING OPERATING LEASES

1 ordinary share of £1 share 1 ordinary 1 ordinary share of £1 share 1 ordinary (b) Analysis of group net assets between funds 18. 19. Alloted, issued and fully paid up Alloted, Authorised Current assets Fund balances as at 31 March 2016 represented by 2016 represented March as at 31 balances Fund assets Fixed Total net assets at 31 March 2015 Current liabilities assets Net current Over 5 Years Over Expiry date Between 2 and 5 Years 2 and Between At 31 March 2015 the Museum March 2015 At 31 has annual commitments as follows: As permitted by FRS 102 and SORP 2015, because no new share equity has been issued, the Museum has not the Museum equity has been issued, share no new because 2015, SORP and 102 As permitted FRS by statement the reporting in equity for of changes a separate period. produced Notes to statements financial the (continued) Designated funds by the It is written assets. down tangible fixed the Museum’s of value the net book represents The Capital Fund assets. fixed to the Museum’s additions any by increased of depreciation, and value facilities totalling and premises £0.53m added to the Capital were Fund to the Museum’s Capital improvements the restricted DCMS/Wolfson and Fund Development from the Museum transfers met by were These this year. (£0.09m). Fund Galleries Improvement to support this year Fund Strategic Development to the Museum designated a further £1.5m have The Trustees of the next major in advance reserve to help build and ‘Distributed Museum’ the strategic aspirations of the 10-15 every reinvestment requires significant the Museum experience, on past Based iteration of the Museum. section. Review the Financial see more information, For was in 2005-2007. last refurbishment the and years no calls there were so funded this year adequately activities were collections-based and learning The Museum’s Fund. Education Exhibitions and on the Future funds Restricted the auction of 400 following surplus posters. was established in 2012/13 Fund The Collections Development of the of the cost met the balance The Fund conservation. and acquisitions for be used only can The Fund £0.04m. appeal raised buses on after work Restoration the Leyland Sutcliffe this year, bus acquisition motor against this fund. charged was also work other conservation and number 61, & City line car Waterloo Arts which require match funding support including some provide a number of initiatives Council England for from general funds was made to reflect this. A small shortfall A transfer trading company. from the Museum’s from general funds. a transfer made up by on the Battle Bus project was similarly packs, resource supports including family initiatives a number of Museum Charitable Trust Rees-Pulley The Luke an apprentice. and officer learning children, a activities for play carriage.1908 restored on the Museum’s work future conservation any for will be used Fund Carriage The Met 353 supported a but is now a restricted grant by funded by was previously The Inspire Engineering programme the will continue, although the programme with Siemens. Accordingly, agreement sponsorship commercial restricted fund has been closed.

86

- - 271 152 £000 2015 Expenditure

- 271 £000 2015 5,544 1,613 Income - - 324 275 £000 2016 Expenditure

- 275 £000 2016 5,305 1,743 Income REL

21. TRANSACTIONS PARTY ANDCONNECTED ATED Core grant and capital and Core grant grant Other income Group services supplied Group services donated Group services Related party transactions with TfL party transactions Related As at 31 March 2016, no amounts remained outstanding in relation to the above transactions (2015:Nil). transactions outstanding remained no amounts in relation to the above 2016, March As at 31 Transport for London Transport (TTL), Limited a Trading of Transport Limited is a charitable Museum company subsidiary Transport London form of grants in the to the Museum assistance financial provides TfL Group company. London for Transport support financial and provide to the Safety in addition, certain operations and, Museum for of TfL divisions basis. project activities as agreed on a project by other Museum and Programme Citizenship Resources, Human Group functions such as Finance, TfL activities of benefit from the receives The Museum TTL and services for TfL by upon the Museum levied are fees Where management Payroll. Internal Audit and donated by are Where services Group companies. all other TfL rates as for applied at the same are these provided are included in the Statement and measurable, these Activities of Financial quantifiable reasonably which are TfL the appropriate heading. under is included as income amount equivalent an and value at their estimated gross Statements included in the Financial below: which are is given with TfL of transactions A summary

PENSIONS

20. Background staffmembers are The majority of the Museum’s offersThe Museum employees. to its retirement plans Notes to statements the financial (continued) establishedscheme which is a final salary under trust. Fund, Pension of the TfL Sector Section of the Public TfL is the Trustee Fund’s The pay. lengthand final pensionable on employees’ service based of are Benefits Under the rules of the (TfL). London for of Transport subsidiary owned Limited, a wholly Company Trustee on behalf of and London for Transport nominated in equal numbers by are trustee directors its 18 Fund, membership. the Fund’s of contributions the level recommends and valuations makes Actuary Fund’s Pension the TfL years, three Every funding latest formal The the Fund. of solvency to ensure long-term employers the participating to be made by actuaries a partner of consulting the Actuary, by 2015 March out as at 31 carried was the Fund of valuation Public Sector Section reported unit method, and using the projected for the a funding deficit Watson, Towers of £395 million. the 2015 following the employers and the Trustee Schedule of Contributions was agreed between A revised the period from 1 April for contributions Sector Section, employers’ the Public For Fund. Pension the TfL of valuation 2018. due in March additional lump sum payment with an to be 31.0%, will continue 2022 March until 31 2016 Accounting in participate subsidiaries fellow the Museum’s and London, for Transport ultimate parent, The Museum’s is unable to identify of the the Museum its share Because Fund. Pension Sector Section of the TfL the Public the Museum 102, as permitted FRS basis, reasonable and by liabilities on a consistent and assets underlying contribution plan. to a defined contributions were Sector Section as if they to the Public treats contributions £804,000) (2015: and to the income been charged of £912,000 have to the Fund contributions The Museum’s expenditure account. Other pension schemes member of staff Authority for Fund Pensions been made to the London have of £16,000 contributions Pension The to Standard Life. members of staff AVCs Four make group company. from a TfL who joined the Museum is £4,000. to this scheme contribution employer

87

CHARITY INFORMATION

22. The address of the Museum’s registered office is Windsor House, 42-50 Victoria Street, London, SW1H 0TL. London, SW1H is registered office Victoria Street, 42-50 House, Windsor of the Museum’s The address about more information Limited. For Trading undertaking subsidiary owned is a wholly of Transport The Museum in management’ and ‘Structure, governance the section see of the Museum organisation the administration and Report of the Trustees. the Annual states of Association LTM’s Memorandum Limited is a public benefit entity. Museum Transport London shall be no dividends promoting the Objects and for ‘the property only must be used funds of the Charity and to the Member’. paid Museum Transport London Piazza Garden Covent 7BB WC2E London +44 (0)20 7379 6344 Tel Ltd Museum Transport London Charity number 1123122 number 6495761 Company address: Registered Windsor House 42–50 Victoria Street 0TL SW1H London Ltd (Trading) Museum Transport London number 6527755 Company address: Registered Windsor House 42–50 Victoria Street 0TL SW1H London ltmuseum.co.uk The Museum is a company and registered charity incorporated and domiciled in the United Kingdom. domiciled and incorporated charity registered and is a company The Museum is 6495761. registration number company its and 1123122 number is registration charity The Museum’s

In addition to the above amounts, a number of other arrangements exist between LTM and TfL for which for TfL and LTM exist between of other arrangements a number amounts, the above In addition to are made: entries no financial Depot the Acton heritage operational provides and vehicles on LTM’s work undertakes maintenance some TfL access road/rail Underground for London by used The Depot is occasionally to the Museum. site free of charge shunting. vehicle and property stations including non-operational Hidden London for to TfL access occasional given is also LTM stations Underground and to install at a number of London poster frames been allowed has tours. The Museum purposes. marketing Museum for used piers which are riverboat and themselves for services on TfL travel free or discounted that allow staffMuseum with passes provided are privileges. restricted travel Directors of LTMTL non-executive and offer also Trustees Museum a nominee. TfL staff free entry to receive all TfL and facilities, on the hire of Museum discounts receive Group companies TfL shop. in the Museum discounts and the Museum parties Other related does the Museum of other charities, act as Trustees may managers senior and Trustees Museum Although some are charities these therefore and other charity of any the trustees under the direction of, is not not direct, and to be related parties.not considered no other related partyThere are transactions. Notes to statements financial the (continued)

88 SUPPORT US Our vision is to be the world’s leading museum of urban transport and a place for everyone to come to understand the story of London’s journey. To do this we need your support to help us preserve and secure the collection, to inspire audiences, and to help educate young people across London.

LEYLAND BUSES APPEAL Help us safeguard the future of three rare motorbus survivors from a bygone age: the 1908 London Central X2 type, the 1914 LNWR Torpedo charabanc and the 1924 LB5 Chocolate Express.

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