Incoming Resources

Notes

2003

Unrestricted

Funds

£000

2003

Restricted

Funds

£000

2003

Total

£000

2002

Total

£000

Donations, Legacies and Grants

Grant in Aid from DCMS

2

31,248

-

31,248

26,679

Grants, legacies and donations

50

8,024

8,074

3,656

Transfer of Science Museum site and NMPFT land

-

-

-

96,901

Activities in furtherance of NMSI’s objectives

Admissions

3

-

-

-

2,366

Lottery income

-

3,482

3,482

724

Sponsorship

-

821

821

1,025

Other operating income

4

889

-

889

697

Activities for Generating Funds

Income from Commercial activities

7

17,386

-

17,386

16,759

Rental income ffrom operating leases

239

-

239

51

Investment income

5

244

-

244

275

Total incoming resources

50,056

12,327

62,383

149,133

Resources expended

Charitable Expenditure

Costs in furtherance of NMSI’s Objectives

  Collections purchases

25

-

25

88

  Care for and research into collections

4,712

582

5,294

6,305

  Science education and communication

7,352

6,322

13,674

11,228

  Visitor services

6,190

93

6,283

5,872

Support Costs

9,822

1,897

11,719

9,346

Management and administration of the

Charity

1,914

-

1,914

1,154

Cost of generating funds

Publicity and fundraising

2,369

6

2,375

2,093

Admission costs

-

-

-

460

Commercial costs

16,279

447

16,726

15,376

Total resource expended

6

48,663

9,347

58,010

51,922

Notional cost of capital

8

5,663

2,247

7,910

4,059

Net incoming/(outgoing) resources before transfers

(4,270)

733

(3,537)

93,152

Reversal of notional costs

5,663

2,247

7,910

4,059

Net incoming/(outgoing) resources for the year

1,393

2,980

4,373

97,211

Gain/(Loss) on revaluation of assets

513

11,435

11,948

3,751

Net movement in funds

1,906

14,415

16,321

100,962

Fund balances brought forward at 1.4.02

20,412

179,851

200,263

99,301

Fund balances carried forward at 31.3.03

22,318

194,266

216,584

200,263