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|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|
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|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|
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|.
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|
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