2021-12-31-accounts

Contents
1:Reference and Administrative	Details.
2:Chair's Report.
3:Trustees Report.
Structure, Governance and Management.
Constitution.
Trustees .
Secretary.
Public Benefit.
Organisational Structure
4:independent Examiner's Report
Responsibilities and basis ofreport ..
Independent examiner's statement
5:Statement of Financial Activities.			.12
6; Balance Sheet			14
7:Notes to the Financial Statements.
1. General information.			16
2. Principal accounting policies.			16
2.1 Basis ofpreparation.			16
2.2 Critical accounting estimates		and areas ofjudgement.	16
2.3 Assessment ofgoing	concern.
2.4 Cash flow statement
2.5 income recognition.			17
2.6 Expenditure			17
2.7 Tangible fixed assets.	.		18
2.8 Stock.			18
2.9 Debtors.
2.10 Cash at bank and in hand.
2.11 Creditors and provisions.
2.12 Financial instruments.			18
2.13 Pensions.
2.14 Taxation.			19
2.15 Interest income
2.16 Borrowing costs.			19
2.17 Fund accounting .			19
3. Income from charitable activities.			20

4.	project income	project income			20
5.	Income from	other trading activities. ,			20
6.	Other income				21
7.	Raising funds.				21
8.	Charitable activities .....
9.	Support costs
10.	Project Expenditure				23
11.	Trustees' remuneration
12.	Staff Costs
13.	Tangible fixed assets.
14.	Stock				24
15.	Debtors				24
16.	Creditors .				25
17.	Unrestricted	fund analysis			25
18.	Restricted fund analysis		..		26
19.	Allocation of	net assets	between	funds	27
20.	Pension commitments.				27
21.	Related party	transactions. ....			27
22.	Control				27
23.	Comparative	statement	offinancial activities.

Trustees				KAdams
				R A Davies
				TG Grimwade
				M C Heap
				N A Mansell
				M P Nolan
				A J SRoss
				F CScott
				D 8Skelley
				C N Smith
Secretary				M P Nolan
				Ed Bazalgette
Advisors				Julia Elton
Charity registered			number	1003287
Company	Number			02488877
Accredited		Museum		1961
				Brunel Engine House,
Registered		office		Railway Avenue
				London
				SE164LF
				Azets
Independent		Examiner		2nd Floor, Regis House,
				45 King William Street,
				London, EC4R 9AN
				HSBC
				Redriff Road
Bankers				London SE167LL

For the year	ended 31Dec	ernber 20	21
						Total
Income		Note	Restricted	Unrestricted	Total 2021	2020
Donations				3,736	3,736	7,892
Income from charitable
activities			222,968	16,511	239,479	372,432
Income from other trading				65,081	65,081	23,071
Other income				29,869	29,869	25,176
			222,96S	115,197	33S,165	428,571
Expenditure
Raising Funds				77,884	77,884	49,151
Charitable Activities			254,805	63,964	318,769	295,767
Total			254,805	141,848	396,653	344,918
Profit/(loss)	for the year		(31,837)	(26,651}	(58,488)	83,653
Net movement	in funds		(31,837)	(26,651}	(58p488)	83,653
Reconciliation	offunds:	17-19
Total funds brought
forward			325,212	78,833	404,045	320,392
Transfers			(87,814)	87,814
Net movement			(31,837)	(26,651)	(58,488)	83,653
Total Funds carried forward			205,561	139,996	345,557	404,045

		Note	2021	2020
Fixed Assets			192,193	191,829
Current Assets
Stock		14	9,513	9,560
Debtors		15	33.221	44,443
Cash			172,617	223,807
			215,351	277,810
Creditors: amounts	falling due within one year	16	(31,804)	(40,528)
Net current assets			183,547	237,282
Creditors: amounts	falling due more than 1year	16	(30,182)	(25,067)
Net Assets		19	345,557	404,045
Charity Funds
Unrestricted		17	139,996	78,833
Restricted		18	205,561	325,212
			345,557	404,045

. Income from c	haritable activities
	Restricted	Unrestricted	TOTAL	2020
Admissions		12,392	12i392	11,810
Group Visits		4,119	4,119	10,501
Project income	222,968		222,968	350,121
	222,968	16,511	239,479	372,432

4. Project income	4. Project income
Restricted Funds			2021	2020
Brunel Reinvented			94,128	120,121
Heritage Emergency	Grant (NLHF)			57,000
Covid-19 Emergency	Response	Fund (Historic England)		11,000
Culture Recovery Fund			128,840	162,000
			222,968	350,121
5. Income from other trading activities
Unrestricted Funds			2021	2020
Merchandise sales			5,955	5,350
Digital sales			6,511
Venue hire			13,257	3,909
Third party event income			39,358	13,812
			65,081	23,071

6. Other inco	me
Unrestricted Funds					2021	2020
Interest receivable						120
Southwark council	covid	grants			16,288	13,006
Insurance claims					13,581
Otherincome						12,050
					29,869	25,176
7. Raising funds
Unrestricted Funds					2021	2020
Allocated support costs {note9)					62,131	36,756
Merchandise purchases					2,579	2,574
Digital sales costs					265
Admission S.Group	Visit	costs			1,851	7,175
Venue hire 5third	party	event costs			11,058	2,645
					77,884	49,150
8. Charitable	activities
			Restricted	Unrestricted	Restricted	Unrestricted
			2Q21	2021	2020	2020
Project expenditure	{note10)		254,805		254,758
Allocated support costs {note9)				62,989		36,756
			254,805	62,989	254,758	36,756
Governance costs
Accountancy				(225)		2,512
Legal fees
Independent examination		costs		1,20Q		960
				975		4,254

			Raising Fund	Charitable	Activities	TOTAL	TOTAL
			(note 7)		(note 8)	2021	2020
Staff costs (note 12)			47,098		47,098	94,196	38,822
		Consultancy			700	700	7,700
		Collection costs			500	500
		Premises costs	5,773		5,773	11,546	3,672
Genera	I	office expenses	959			1,918
PR and marketing			1,133		1,133	2,266	350
		Insurance	2,202		2,202	4,404	1,954
Repair	and maintenance		327		327		1,275
Printing		and stationery	177		177
		Subscriptions	168		168		232
		Travel costs				90	92
		Bank charges	187		187	374	530
	Interest payable
Irrecoverable VAT					445	890	14,621
		Depreciation	3,275		3,275	6,550	2,796
			62,131		62,989	125,120	73,512

		2021	2020
Conservation			4,687
Mobile film facility			1,645
Brunel Reinvented		100,873	169,876
Heritage Emergency	Grant {NLHF)		50,167
Development of Digital Assets			11,000
Culture Recovery Fund		153,932	17,374
		254,805	254,758

		2021	2020
N/ages	&salaries	111,392	107,103
Social	security costs	5,943	5,414
Other	pension costs	2,387	2,325
Other	staff costs	12,105	450
		131,827	115,292

13. Tangible fixed asse	ts
	Collection	Fixtures g fittings	Equipment	Museum staging & equipment	Total
Cost
At 1January 2021	171,711	30,539	17,464	9,586	229,300
Additions		5,057	1,859		6,916
Disposals
At 31December 2021	171,711	35,596	19p323	9,586	236,216
Depreciation
At 1January 2021	4,583	16,892	6,410	9,586	37,471
Charge for year		2,213	4,339		6,552
At 31December 2021	4,583	19,105	10,749	9,586	44,023
Net book value
At 31December 2021	167p128	16,491	8,574		192,193
At 31December 2020	167,128	13,647	11„054		191,829

14.	Stock
		2021	2020
Goods	for resale	9,513	9,560
15.	Debtors
		2021	2020
Trade	debtors	6,267	1,215
Accrued income		20,453	33,664
Other	debtors	6,502	9,564
		33.222	44,443

		2021	2020
Trade creditors		13,180	31,011
Social security and other taxes		2,019	816
Accruals and deferred	income	15,156	8,701
Other debtors		1,449
Loan		30,182	25,067
		61,986	65,595

		01.01.21	Income	Expenditure	Transfers	31.12.21
Continuation	fund	13,515			14,527	28/042
Partnership	funding	22,263			9,250	31,513
Closure fund		3,000				3,000
General fund		40,055	115,197	{141,848)	64,037	77„441
		78,833	115,197	(141,S48)	87,814	139,996

revious year	:
		01.01.20	Income	Expenditure	Transfers	31.12.210
Continuation	fund	33,500			(19,985)	13,515
Partnership	funding	49,000			{26,737)	22,263
Closure fund		3,000				3,000
General fund		12,897	78,450	{90,160)	38,868	40,055
		9S,397	78,450	(90,160)	P,854)	78,833

		01.01.21	Income	Expenditure	Transfers	31.12.21
Brunel drawings fund		160,000				160,000
Brunel photograph	fund	4,073				4,073
Project grants
Conservation		5,365				5,365
Education		3,556				3,556
Playscheme		214				214
Brunel Reinvented		11,410	94,128	(100,873)	19,750	24,415
Culture Recovery		140,594	128,840	(153,932)	(107,564)	7,938
Project grants total		325,212	222,968	(254,805)	(87,814)	205,561
Previous year:
		01.01.20	Income	Expenditure	Transfers	31.12.20
Brunel drawings fund		160,000				160,000
Brunel photograph	fund	4,073				4,073
Project grants
Conservation		10,052		{4,687)		5,365
Education		3,556				3,556
Playscheme		214				214
Mobile film facility		9,100		(1,654)	(7,447)
Brunel Reinvented		35,000	120,121	(169,876)	26,165	11F409
NLHF Covid funding			57,000	{50,167)	{6,833)
Historic England	covid		11,000	(11,000)
Culture Recovery			162,000	(17,374)	(4,032)	140,594
Project grants total		221,995	350,121	(254,758)	7,854	325,211

		Restricted	Funds	Unrestricted	Funds	Total Funds
			2021		2021	2021
Tangible	Fixed Assets	164,073			28,120	192,193
Current	assets		41,488		173,862	215,350
Current	liabilities				(31,804)	(31,804)
Non-current liabilities				(30,182)		(30,182)
		205,561			139,996	345,557

		Restricted Funds	Unrestricted	Funds	Total Funds
		2020		2020	2020
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)
		325,212		78,833	404,045