## ## ## |||||Page| |---|---|---|---|---| |Reference and administrative|||details|| |Chair's report||||| |Trustees' report||||| |Independent
examiner's
report||||12| |Statement offinancial||activities||13| |Balance sheet||||| |Principal
accounting|policies|||16-20| |Notes to the financial||statements||16-30| |Trustees||||KAdams| |---|---|---|---|---| |||||P R Craddock| |||||T G Grimwade| |||||N A Mansell| |||||M P Nolan| |||||D BSkelley| |Secretary||||M P Nolan| |Advisors||||Ed Bazalgette| |||||Julia Elton| |Charity registered|||number|1003287| |Company|Number|||02488877| |Accredited||Museum||1961| |Registered||office||Brunel Engine House,
Ra i Iway Ave nu e| |||||London| |||||SE164LF| |Independent||Examiner||Azets
2nd Floor, Regis House,| |||||45 King William Street,| |||||London,
EC4R 9AN| |Chartered|Accountants|||Buzzacott
LLP| |||||130Wood Street| |||||London| |||||Unity Trust Bank pic| |||||Nine Brindley Place| |||||4 Oozells Square| |||||Birmingham
B12HB| |Bankers||||HSBC| |||||Redriff Road| |||||London SE167LL| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Restricted|Unrestricted||| |---|---|---|---|---|---|---|---|---|---| ||||||Note|funds
2020|funds
2020|Total
2020|Total
2019| |||||||f|f|f|f| |Income from:|||||||||| |Donations|||||||7,892|7,892|5,177| |Income from|charitable|||activities||350,121|22,311|372,432|213,171| |Income from
activities|other||trading||||23,071|23,071|15,979| |Other income|||||||25,176|25,176|3,864| |Total||||||350,121|78,450|428,571|238,191| |Expenditure|on||||||||| |Raising funds|||||||49,150|49,150|106,466| |Charitable
activities||||||254,758|41,010|295,767|141,834| |Total||||||254,758|90,160|344,918|248,300| |Profit/(loss)
for||the|year|||95,363|(11,710)|83,653|(10,109)| |Net movement||in funds||||95,363|(11,710)|83,653|(10,109)| |Reconciliation|offunds:||||17-19||||| |Total funds brought|||forward|||221,995|98,397|320,392|330,501| |Transfers||||||7,854|(7,854)||| |Net movement||||||95,363|(11,710)|83,653|(10,109)| |Total funds carried|||forward|||352,212|78,833|404,045|320,392| ## |||Note|2020|2020|2019|2019| |---|---|---|---|---|---|---| ||||f|f|E|E| |Fixed assets||13||191,829||177,982| |Current assets||||||| |Stock||14|9,560||8,592|| |Debtors||15|44,443||12,401|| |Cash at bank and in|hand||223,807||150,163|| ||||277,810||171,156|| |Creditors: amounts|falling due|16|(40,528)||(28,746)|| |within one year||||||| |Net current assets||||237,282||142,410| |Creditors: amounts|falling due|||(25,067)||| |more than one year||||||| |Net assets||19||404,045||320,392| |Charity Funds||||||| |Unrestricted
funds||17||78,833||98,397| |Restricted
funds||18||325,212||221,995| |Total funds||||404,045||320,392| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Restricted|Unrestricted|| |---|---|---|---| ||funds|funds|Total| ||2020|2020|2020| |Admissions||11,810|11,810| |Group visits||10,501|10,501| |Project income (note 4)|350,121||350,121| ||350,121|22,311|372,432| |Income from charitable
activ|ities (prior year)||| |---|---|---|---| ||Restricted|Unrestricted|| ||funds|funds|Total| ||2019|2019|2019| |Admissions||25,064|25,064| |Group visits||42,830|42,830| |Other||48,327|48,327| |Project income (note 4)|96,950||96,950| ||96,950|116,221|213,171| ## |year ended 31Dece
project income||mber 202|0||| |---|---|---|---|---|---| |||||Restricted funds|Total| |||||2020|2020| |Brunel Reinvented||||120,121|120,121| |Heritage
Emergency|Grant (NLHF)|||57,000|57,000| |Covid-19 Emergency
England)||Response|Fund (Historic|11,000|11,000| |Culture
Recovery Fund (Arts Council)||||162,000|162,000| |||||350,121|350,121| |project income (prior||year)|||| |||||Restricted|| |||||funds|Total| |||||2019|2019| |||||E|f| |Playscheme
grants||||2,500|2,500| |Education
grants income||||1,000|1,000| |Conservation
ofacquisitions||||7,450|7,450| |Summer
Party income||||3,000|3,000| |Chains Photo income||||35,000|35,000| |Museum
Reinvented||income||35,000|35,000| |Film income||||5,000|5,000| |Mobile film facility||||8,000|8,000| |||||96,950|96,950| |Inco|me fr|om ot|her trading a|ctivities||| |---|---|---|---|---|---|---| |||||Restricted|Unrestricted|| |||||funds|funds|Total| |||||2020|2020|2020| |Shop|sales||||5,350|5,350| |Venue|hire||||3,909|3,909| |Third|party|event|income||13,812|13,812| ||||||23,071|23,071| ## |Notes to the financial statements|Notes to the financial statements|Notes to the financial statements|Notes to the financial statements|||| |---|---|---|---|---|---|---| |For the year ended 31December 2020||||||| ||Income from other trading activities (prior year)|||||| ||||Restricted|Unrestricted|funds|| ||||funds|||Total| ||||2019||2019|2019| ||||E||f|f| ||Shop sales||||15,375|15,375| ||Cafe||||390|390| ||Rights||||214|214| ||||||15,979|15,979| |6.|Other income|||||| ||||Restricted|Unrestricted||| ||||funds||funds|Total| ||||2020||2020|2020| ||||f||f|f| ||Interest receivable||||120|120| ||Southwark
Council||covid grants||13,006|13,006| ||Sundry|income|||12,050|12,050| ||||||25,176|25,176| ||Other|income (prior year)||||| ||||Restricted|Unrestricted||| ||||funds||funds|Total| ||||2019||2019|2019| ||||||f|f| ||Interest receivable||||342|342| ||Sundry|income|||3,521|3,521| ||||||3,864|3,864| |7.|Raising funds|||||| ||||Restricted|Unrestricted||Total| ||||2020||2020|2020| ||Allocated support||costs (note 9)||36,756|36,756| ||Shop|purchases|||2,574|2,574| ||Admission 5Group Visit costs||||7,175|7,175| ||Third|Party event|costs||2,645|2,645| ||Total||||49,150|49,150| ## ## ## ||Raising fund|s (prior|year)||||| |---|---|---|---|---|---|---|---| ||||||Restricted|Unrestricted|Total| ||||||2019|2019|2019| ||Allocated support costs (note 9)||||10,096|60,301|70,397| ||Shop purchases|||||9,847|9,847| ||Workshop|&events|costs|||9,403|9,403| ||Tour costs|||||16,819|16,819| ||Total||||10,096|96,370|106,466| |8.|Charitable
activities||||||| ||||||Restricted|Unrestricted|| ||||||funds|funds|Total funds| ||||||2020|2020|2020| ||||||f|f|f| ||Project expenditure||(note|10)|254,758||254,758| ||Support costs:||||||| ||Allocated support costs (note 9)|||||36,756|36,756| ||||||254,758|36,756|291,514| ||Governance|costs|||||| ||Accountancy|costs||||2,512|2,512| ||Legal fees|||||782|782| ||Independent|examination||costs||960|960| ||Total charitable
activities||||254,758|41,010|295,767| ||Charitable
activities||(prior|year)|||| ||||||Restricted|Unrestricted|| ||||||funds|funds|Total funds| ||||||2019|2019|2019| ||||||E|E|E| ||Project expenditure||(note|10)|65,871||65,871| ||Support costs:||||||| ||Allocated support costs (note 9)|||||60,301|60,301| ||||||65,871|60,301|126,172| ||Governance|costs|||||| ||Accountancy|costs||||14,402|14,402| ||Independent|examination||costs||1,260|1,260| ||Total charitable
activities||||65871|75963|141835| ## |year ended 31December 202
Support costs|0|||| |---|---|---|---|---| ||Raising funds|Charitable||| ||(note 7)|activities (note||| |||8)||Total funds| ||2020|2020||2020| ||f|||f| |Staff costs (note 12)|19,411|19,411||38,822| |Consultancy|3,850|3,850||7,700| |Collection costs|186|186||372| |Premises costs|1,836|1,836||3,672| |General office expenses|280|280||559| |PR and marketing|175|175||350| |Insurance|977|977||1,954| |Repair and maintenance|637|637||1,275| |Printing
and stationary|269|269||538| |Subscriptions|116|116||232| |Travel costs|46|46||92| |Bank charges|265|265||530| |Irrecoverable
VAT|7,310|7,310||14,621| |Depreciation|1,398|1,398||2,796| ||36,756|36,756||73,512| |Support costs (prior year)||||| ||Raising funds
(note 7)|Charitable
activities (note 8)||Total funds| ||2019||2019|2019| ||E||E|E| |Staff costs (note 12)|41,435||41,435|82,870| |Subcontractor
cost|5,555||5,555|11,110| |Consultancy|11,311||1,215|12,526| |General office expenses|4,118||4, 118|8,236| |PR and marketing|621||621|1,242| |Volunteering
expenses|96||96|192| |Insurance|1,660||1,660|3,320| |Repair and maintenance|2,612||2,612|5,224| |Printing
and stationary|335||335|670| |Subscriptions|70||70|140| |Travel costs|81||81|162| |Bank charges|118||118|236| |Sundry expenses|623||623|1,246| |Depreciation|1,762||1,762|3,524| ||70,397||60,301|130,698| ## ## |||Charitable|activities||| |---|---|---|---|---|---| ||||(note 8)|Total|Total| ||||2020|2020|2019| |Playscheme
costs|||||2,286| |Environmental
improvements|||||440| |Tree R|garden expenditure||||235| |Brunel|Drawings/Conservation||4,687|4,687|6,006| |Summer|Party||||5,882| |Chains|Photo Purchase||||40,00| |Film costs|||||11,02| |Mobile|Film Facility||1,645|1,645|| |Brunel Reinvented|||169,876|169,876|| |Heritage|Emergency
Grant (NLHF)||50,167|50,167|| |Development
of Digital Assets|||11,000|11,000|| |Culture|Recovery Fund||17,374|17,374|| ||||254,758|254,758|65,87| ## ## |Staff|costs||| |---|---|---|---| |||2020|2019| |||f|| |Wages|and salaries|107,103|74,153| |Social|security costs|5,414|5,064| |Other|pension costs|2,325|3,653| |Other|staff costs|450|| |||115,292|82,870| ## ## |13. Tangible fi|xed asse|ts||||| |---|---|---|---|---|---|---| ||||||Museum|| ||||Fixture and|||Total| |||Collection|fittings|Equipment|staging &
equipment|| |Cost||||||| |At 1January 2020||171,711|20,635|11,804|9,586|213,736| |Additions|||9.905|6.738||16.643| |Disposal||||(1,078)||(1,078)| |At 31December
2020||171,711|30,539|17,464|9,586|229,300| |Depreciation||||||| |At 1January 2020||4,583|15,281|6,304|9,586|35,754| |Charge for the year|||1,612|1,184||2,795| |Disposal||||(1,078)||(1,078)| |At 31December
2020||4,583|16,892|6,410|9,586|34,098| |Net book value||||||| |At 31December||||||| |2020||167,128|13,647|11,054||191,829| |At 31December||||||| |2019||167,128|5,354|5,500||177,982| |14. Stock||||||| ||||||2020|2019| ||||||E|E| |Publications|&goods|for resale|||9,560|8,592| ||||||9,560|8,592| |15. Debtors||||||| ||||||2020|2019| |Trade debtors|||||1,215|11,500| |Accrued Income|||||33,664|| |Other debtors|||||9,564|901| ||||||44,443|12,401| ## ## |year ended 31Dece
Creditors|mber 2020||| |---|---|---|---| |||2020|2019| |||E|E| |Trade creditors||31,011|17,189| |Other social security|taxes|816|904| |Accruals and deferred|income|8,701|10,653| |Loan||25,067|| |||65,595|28,746| ## ||Asat1||||As at 31| |---|---|---|---|---|---| ||January|Income|Expenditure|Transfers|December| ||2020||||2020| |Continuation
fund|33,500|||(19,985)|13,515| |Partnership
funding|49,000|||(26,737)|22,263| |Acquisition
fund|||||| |Closure fund|3,000||||3,000| |Other unrestricted|fund||||| |General
fund|12,897|78,450|(90,160)|38,868|40,055| |Total unrestricted|98,397|78,450|(90,160)|(7,854)|78,833| ||Asat1||||As at 31| |---|---|---|---|---|---| ||January|Income|Expenditure|Transfers|December| ||2019||||2019| |Continuation
fund|60,000|||(26,500)|33,500| |Partnership
funding||||49,000|49,000| |Acquisition
fund|20,000|||(20,000)|| |Closure fund||||3,000|3,000| |Other unrestricted|fund||||| |General
fund|74,862|141,241|(172,334)|(30,873)|12,897| |Total unrestricted|154,862|141,241|(172,334)|(25,373)|98,397| ## ## |||Asat1
January 2020|Income|Expenditure|Transfers|As at 31
December
2020| |---|---|---|---|---|---|---| |Brunel drawings
fund|a|160,000||||160,000| |Brunel
photograph
fund|b|4,073||||4,073| |project grants||57,922|350,121|(254,758)|7,854|161,139| |Total restricted||221,995|350,121|(254,758)|7,854|325,212| ## |Restricted
fund ana|lysis|(prior years)||||| |---|---|---|---|---|---|---| |||Asat1||||As at 31| |||January 2019|Income|Expenditure|Transfers|December
2019| |Brunel drawings
fund|a|160,000||||160,000| |Brunel
photograph
fund|b|4,073||||4,073| |project grants||11,566|96,950|(75,967)|25,373|57,922| |Total restricted||175,639|96,950|(75,967)|25,373|221,995| ## ## |The allo|cation|ofnet assets betwe|en|funds as at 31December|funds as at 31December|2020 are represented|by:|| |---|---|---|---|---|---|---|---|---| |||||Restricted||Unrestricted||Total| ||||||funds|funds||funds| ||||||2020|2020||2020| ||||||f|f||f| |Tangible|fixed|assets|||164,073|27,756||191,829| |Current|assets||||161,139|116,671||277,810| |Current|liabilities|||||(40,528)||(40,528)| |Non- current||liabilities||||(25,066)||(25,066)| |Total net assets|||||325,212|78,833||404,405| |Allocation of||net assets between|funds (prior year)|||||| |The allocation||of net assets between||funds as at 31|December|2019are represented|by:|| |||||Restricted||Unrestricted||Total| ||||||funds|funds||funds| ||||||2019|2019||2019| ||||||f|E||f| |Tangible|fixed|assets||164,073||13,909||177,982| |Current|assets|||57,922||113,234||171,156| |Current|liabilities|||||(28,746)||(28,746)| |Total net assets||||221,995||98,397||320,392| ## ## ## ## ## |Prior year||||Note|Restricted
funds
2019|Unrestricted
funds
2019|Total
2019| |---|---|---|---|---|---|---|---| ||||||E|E|| |Income from|||||||| |Donations||||||5,177|5,177| |Income from|charitable||activities||96,950|116,221|213,171| |Income from
activities|other|trading||||15,979|15,979| |Other income||||||3,864|3,864| |Total|||||96,950|141,241|238,191| |Expenditure|on||||||| |Raising funds|||||10,096|96,370|106,466| |Charitable
activities|||||65,871|75,963|141,834| |Total|||||75,967|172,333|248,300| |Profit for the|year||||20,983|(31,092)|(10,109)| |Net movement
in funds|||||20,983|(31,092)|(10,109)| |Reconciliation|offunds|||17-19|||| |Total funds brought||forward|||175,639|154,862|330,501| |Transfers|||||25,373|(25,373)|| |Net movement|||||20,983|(31,092)|(10,109)| |Total funds carried||forward|||221,995|98,397|320,392|