THE BRUNEL MUSEUM
A Company Limited by Guarantee
Annual Report and Financial Statements
For the Year Ended 31 December 2023
Registered Company Number 02488877
Charity Number 1003287
The Brunel Museum
Company Number 02488877
Page I

Contents
Reference and Administrdtive Details..............................................................................................................................
Chair's Report........................................................................................................................................................................
Trustees, Report....................................................................................................................................................................
Independent Examiner's ReporL........................................................................................................................................
Statement of Financial Activities ........................................................................................................................................
Balance Sheet....................................................................................................................................................................... l O
Notes to the Financial Starements.................................................................................................................................
General Information...........................................................................................................................................
Principal Accounting Policies............................................................................................................................
Income From Charitable Activities................................................................................................................. 14
Project Income..................................................................................................................................................... 14
Income from Other Trading Activities.......................................................................................................... 14
Other Income ................................................................
14
Fundr2ising Costs.
Charitable Activities Costs...
15
15
Support Costs......................................................................................................................................................15
Project Expenditure.......................................................................................................................................16
Trustees. Remuneration............................................................................................................................... 16
10.
12.
Staff Costs........................................................................................................................................................ 16
Tangible Fixed Assets.................................................................................................................................... 17
Stocks................................................................................................................................................................ 17
14.
15.
Debtors............................................................................................................................................................. 17
16.
Creditors....
18
17.
Unrestricted Funds An21ysis.............................................................
Restricted Fund Analysis ...................................................................
Allocation of Net Assets Between Funds................................................................................................. 20
18
18.
19
19.
20.
Pension Commitments.................................................................................................................................. 20
21.
Operating Lease Commitments.................................................................................................................. 20
Related Parry Transactions.......................................................................................................................... 20
Control.............................................................................................................................................................
22.
23.
24.
Comparative Statement of Financial Activities........................................................................................
The Brunel Museum
Company Number 02488877
Page 2

Reference and Administrative Details
For the Year Ended 31 December 2023
Trustees
R A Davies
MCHeap
T G Grimwade
N A Mansell
S Mukherjee
M P Nolan
AJSRoss
Fcscott
D B Skelley
C N Smith
AESwift
Resigned 30 June 2023
Appointed 6 December 2023
Resigned 30 June 2023
Appointed 6 December 2023
Secretary
M P Nolan
Advisors
E Bazalgette
J Elton
Charity Number
1003287
Company Number
02488877
Accredited Museum
1961
Registered Office
Brunel Engine House
Railway Avenue
London
SE164LF
Independent Examiner
Azets
2nd Floor, Regis House
45 King William Street
London
EC4R 9AN
Bankers
HSBC
Redriff Road
London
SE167LL
The Brunel Museum
Company Number 02488877
Page 3

Chair's Report
For the Year Ended 31 December 2023
2023 has been an exceptionally exciting and evenrful year for the Brunel Museum with over 7.000 people
visiting in person, a packed events and exhibition5 programme and the fantastic ream picking up several well-
deserved awards. I would like to note my thanks for all the hard work from our volunteers, staff. trustees
and Director, Katherine McAlpine. We are also reliant on the supporc of the many funders and visitors
whose generosity underpins much of the work on the Museum.
This is my first year as Chair of Board of Trustees, and l am particularly grateful to Dana Skelley who stood
down as Chair in June 2023. Dana chaired the Museum for her three-year term through the particularly
challenging period of the pandemic. The trustees and sraff all benefited from her leadership. and l am grateful
to Dana for such a smooth governance handover when she retired.
One further long-standing trustee, Tiffany Grimvrnde, also completed her terni in June. Tiffany was
instrument21 in the development of our exciting National Lottery Heritage Fund funded capital project that
will be shortly getting underway. On behalf of the Board. I note our grateful thanks to both Dana and Tiffany.
Over the summer we ran a successful recruitment for severnl new trustees. with Sayak Mukherjee and Andy
Swift joining the Board in December. With the addirion of three furrher trustees joining in early 2024, this
will bring considerable expertise and experience to the B02rd as we look to the long-term future of the
Museum and embark on the Brunel Re-invented Projecr to redevelop the site and museum spaces.
Our engagement activities continue to go from strength to strength. We welcomed over 600 students via 21
school visics and 49 families took parc in the Tunnellers Club. In April we launched our Tales of Teredo
Nav21is exhibition, which vrf2s followed by the Tunnelling Today exhibition in collaboration with Tideway,
which runs into 2024.
We hosted dozens of wonderful events. including a Windrush to Wapping event celebrating the contribution
of the Windrush generation. and hosted Tim Bryan's book launch. Iron. Stone & Steam. We also delivered
19 tours. welcoming over 300 people.
The Museum would not be able to function without our fantastic staff and volunteers, so it was p2rticu12rly
pleasing that at the Cultural Enterprise Avnrds. our Event Producer Alicja Sobczak was awarded the Rising
Star award and one of volunteers, Gill Howard was awarded Ourstanding Contribution.
We have also started important work on our collections which will continue into 2024. making more
information about the Museum collettions and rhe stories they tell available online. We are doing more and
more online via our website and our digitisation volunteer has digitised over 500 historic phocographs.
2024 will no doubt be even more packed. with an exciting programme of events. tours. and exhibitions in
the works, as well as the formal srart of the capital works likely in early 2025.
R A Davies, Chair of Trustees
24 September 2024
The Brunel Museum
Company Number 02488877
Page 4

Trustees, Report
For the Year Ended 31 December 2023
The Board of Trustees hereby presents its annual report on the affairs of The Brunel Museum {"rhe
Charity") together with the independently examined financial sratements for the year ended 31 December
2023.
Structure, Governance and Management Constitution
The Charity. registered number 1003287. is constituted as a comp2ny limited by guarantee, company
number 2488877, and it is governed by its Memorandum and Articles of Association. The guarantee of
individual members is limited to £5.
Trustees
The Trustees. who are also Directors for the purposes of the Companies Act 2006. who served during the
year were -
Richard Arthur Davies
Tiffany Gabrielle Grimwade
Michael Conrad Heap
Nicholas Anthony Mansell
Sayak Mukherjee
Maureen Patricia Nolan
Amy Jane Stockwell Ross
Francis Caroline Scott
Danielle Barbard Skelley
Cheryl Naomi Smith
Andrew Edward Swift
{Chair)
Resigned 30 June 2023
reasurer)
Appointed 6 December 2023
(Secretary)
Resigned 30 June 2023
Appointed 6 December 2023
No Trustee had any contract or arrdngement of a material nature with the Charity during the year under
review.
The Truscees are able to co-opt new Trustees and they do this to ensure that there is a balance of skills on
the Board. New Trustees are provided with a ser of relevant documents when they join {5uch a5 the
governing documents, recent accounts. recent minutes, 2nd guidance from the Charities Commission about
the role of a Trustee). The Secretary. Museum Director and the Treasurer alert the trustees to any current
developments as necessary at B02rd meetings.
Public Benefit
The Trustees have had regard to the guidelines issued by the Chariry Commission relating to public benefit
and are satisfied that the charity confers a public benefiL The Brunel Museum exists to educate the public in
the works of M2rc Brunel, 1s2mb2rd Kingdom Brunel, 2nd Henry Marc Brunel, particularly the construction
of the Thames Tunnel. the SS Great Eastern. Hungerford Bridge and Tower Bridge. as well as to preserve
and enhance the Engine House and Grand Entrance Hall for the public benefit. It furrher acrs to provide a
recreational facility for local residents and for the public at large in Rotherhithe.
Organisational Structure
The policies and activities of the Charity are established and controlled by the Board of Trustees.
The Brunel Museum
Company Number 02488877
Page 5

Risk Management
The Charity's objectives are subject to a rdnge of risks that are kept under review by the Trustees. General
risks include financial sustainability, over reliance on single partner income streams. staff retention and safety
and security. Steps have been Liken to mitigate these risks and the risk register is reviewed quarcerly and
agreed signed off annually by Trustees.
Objectives and Activities
This is London's story of an engineering family that changed the world. The Charity's objectives are:
l. To preserve and encourage the preservation for the public benefit of the Engine House and the
Grand Entrance Hall situated in Rotherhithe StreeL Greater London and the precincts thereof by
such means as may be necessary:
to educate the public in the appreciation of the engineering works of Marc and Isambard Brunel.
particularly che construction of the Thames Tunnel. and to publish and catalogue. leaflet or other
material in connection therewith: and
to provide 2 recre2tional facility for local residents and for the public at large at Rotherhithe 2nd,
subjecc thereto. co generally enhance the surrounding conservation area.
The Trustees agreed statement of purpose:
'￿0 preserve and share widely the ground-breaking stories of the Thames Tunnel project and the
outstonding achievements of the Brunel family and their relevance to our lives today.
We inspire communities through exploration. learning and experience.:
Financial Review
The Trustees are pleased with the improving financial position of the Charity. driven by increases in both
visitor numbers and the ongoing success of rhe commercial acciviues, with both our Museum shop and venue
hire delivering outstanding results during the year.
The balance between maint2ining the Museum opening hours with commercial opportunities for the site is
one which is under constant review. with the Charity's strdtegic aims being met through providing a sound
financial footing from which the Museum can grow and develop.
The previously announced Brunel Reinvented projecc will significantly enhance the Museum site. wirh a new
Welcome P2vilion together with a symp2thetic restor2tion of the Engine House 2nd provide a more
welcoming and accessible experience for all our visitors. The project is expected to commence during 2025.
The Trustees are confidenc that the Chariry is on the right path to financial sustainabiliry.
Rese￿eS Policy
Total reserves stand at £419,010, of which £318,883 are Restricted Funds designated by donors for specific
purposes (see note 18 in these Accounts) and £41.085 are Reserves that have been designated by the
Trustees (see note 17). The remaining £59.042 are Unrestricted Funds that can be used at the Trustees
entire discretion to deliver the Museum's aims.
Of the Restricted funds, £164,073 is the value of the Brunel drawings and other artefacts which are shown in
the accounts within Fixed Assets.
The Trustees have agreed a Resenrfes Policy. calculation of which is an integrdl part of the board's strategic
planning, forecasting and risk managemenL The Trustees consider it appropriate to maintain rhe following:
£29,984 as a Continuation Fund, sufficient to cover staff costs for the minimum periods of
contractual employment and the running costs of the Museum for a period of three months. This
The Brunel Museum
Company Number 02488877
Page 6

three month operating reserve will ensure the Museum's core attivities can continue during a period
of unforeseen difficulty and support trading through potential adversity.
£3,000 as a Fund maintained to ensure the Trustees are able to secure the collettion in the event of
closure of the Museum.
The level of reserves will be monitored and reviewed by the Trustees on at least an annual basis. Any
substantial call on. or contribution to reserves will be reported to Trustees and reserves will be reviewed
should there be any significant change in the environment in which the Museum operate5.
Statement of Trustees, Responsibilities
The Chariry Trustees (who are also Directors for the purposes of The Companies Acr 2006) are
responsible for preparing a Trustees, annual report and financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law and the law applicable to charities in Eng12nd and Wales requires charity trustees to prepare
financial statements for each financial year. Under that law. the trustees have elected to prepare the financial
starements in accordance with the United Kingdom Generally Accepred Accounting Practice (United
Kingdom Accounting Standards 2nd applicable law). Under Comp2ny12W. the Trustees must not 2pprove the
financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the
charitable company and of che incoming resources and application of resources of the charitable company
for that period. In preparing the financial statements the trustees are required to:
Select suitable accounting policies and then apply them consistently:
Make judgements and esrimates rhat are reasonable and prudenE
State whether applicable accounting standards have been followed. subject to material departures
disclosed and explained in the financial starements;
Prepare the accounts on the going concern basis unless it is inappropriate to assume that the
charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the company and hence for taking reasonable steps for the prevention any detection of fraud and
other irregularities. This report has been prepared in accordance wirh the Accounting and Reporting by
Charities Statement of Recommended Practice. and in accordance with the special provisions of Part 15 of
the Companies Act 2006 relating to small entities.
Signed on behalf of the rrustees by:
R A Davies, Trustee and Chair
24 September 2024
The Brunel Museum
Company Number 02488877
Page 7

Independent Examiner's Report
I report to the charity trustees on my examination of the accounts of the company for the period ended 31
December 2023 which are set out on pages 9 to 21.
Responsibilities and Basis of Report
As the charity trustees of the company (and also its Directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent ex2min2rion, I report in respecc of my examinarion of your
company's accounts 2s carried out under section 145 of the Charities Act 2011 ('the 201 l Att,). In carrying
ouc my examination I have followed the Directions given by the Chariry Commission under section
145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matcers have come to my attention in connection with
the examination giving me cause to believe that in any material respecL
accounting records were not kept in respecc of the company as required by Section 386 of the 2006
the accounts do not accord with those records: or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view. which is not a mat(er considered
as part of an independent ex2min2tion; or
the accounts have not been prepared in accordance with the methods and principles of the
Ststement of Recommended Pr2Ctice for accounting and reporting by charities applic2ble to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)-
I have no concerns and have come across no other matcers in connecrion with the examination to which
attention should be dr2wn in this report in order to enable a proper understanding of the accounts to be
reached.
John Howard (FCA)
For and on behalf of Azets Audit Services
Regis House
45 King William St
London
EC4R 9AN
The Brunel Museum
Company Number 02488877
Page 8

Statement of Financial Activities
For the Year Ended 31 December 2023
2023
Note Restricted Unrestricted
Total
2022
Income
Donations
Income from Charitable Attivities
Income from Other Trading
Other Income
7.907
46,029
107.905
(115)
161,726
7,907
82.241
107,905
(115)
197,938
4.776
229,383
36,212
3,213
349,288
Total Income
36.212
Expenditure
Raising Funds
Charitable Activities
105.382
105,382
90.164
143,829
195,547 249.211
108.494
116.068
224.563
53.664
53.664
Total Expenditure
Profitl(Loss) for the Year
(17,452)
(33,821) {51,273)
124,726
Reconciliation of funds
Funds Brought Forward
Transfers
Net Movement in the Year
17-19
337,106
(772)
(17.452)
318,883
133,176 470,283
772
(33.821) {51,273)
100,127 419,010
345,557
124.726
470.283
Funds Carried Forward
The Statement of Financial Attivities includes all gains and losses recognised in the year.
All of the Charity's activities derived from continuing operations during the above two financial periods.
The Notes from Page I I form parc of these financial statements.
The Brunel Museum
Company Number 02488877
Page 9

Balance Sheet
As at 31 December 2023
2023
2022
Note
Fixed Assets
Current Assets
Stock
Debtors
Cash
Current Assets
13
184,250
187,356
14
6,638
34.381
291,886
332,905
(88,143)
244,762
(10,002)
419,010
979
28.336
321,394
350,709
{51,401)
299,308
{16,381)
470.283
Creditors Falling Due Within One Year
Net Current Assets
Creditors Falling Due MO￿ Than One Year
Net Assets
16
16
Charity Funds
Unrestricted
100,127
318,883
419,010
133,176
337.106
470,283
Rescricted
18
Total Charity Funds
19
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year
ended 31 December 2023 in accordance with Secrion 476 of the Companies Acr 2006.
The Trustees 2cknowledge their responsibilities for
a) ensuring the company keeps accounting records which comply with Section 386 and 387 of the
Companies Act 2006 and.
b) preparing financial statements which give a true and fair view of the state of affairs of the company as
at che end of each financial year and of its surplus or deficit for each financial year in accordance wich
the requirements of Settion 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements. so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Parc 15 of the
Companies Act 2006 relating to small entiries.
The financial statements were approved by the Trustees and signed on their behalf by:
R A Davies. Trustee and Chair
24 September 2024
The Brunel Museum
Company Number 02488877
Page 10

Notes to the Financial Statements
General Information
The Brunel Museum {"the Chariry") is a company limited by guarantee. It operates in accordance with the
Memorandum and Articles of Association adopted on 4 March 2017. If the chariry is wound up, the
members have no liability to contribute to its assets and no personal responsibility for settling its debts and
liabilities. Its registered office and principal place of business is Brunel Engine House. Railway Avenue.
London, SE16 4LF. The charity registration number is 1003287 and the company number 15 2488877. The
chariry is incorporated in England and Wales.
Principal Accounting Policies
2.1. Basis of preparation
These accounts have been prepared for the year ended 31 December 2023.
The accounts have been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant accounting policies below or in the nores ro these
accounts.
The accounts have been prepared in 2ccordance with "Accounting 2nd Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the financial
repor(ing standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP (FRS
102)" The financial reporting stsndard applicable in the UK and Republic of Ireland {'FRS' 102), and the
Charities Act 2011.
The chariry constitutes as public benefit entiry as defined by FRS 102.
The accounts are presented in Sterling and are rounded to the nearest pound. including table subtotals and
totals which may mean that some tables do not casL
2.2. Critical Accounting Estimates and Areas of Judgement
There are currently no significant judgements 2nd estimates m2de by the trustees in the preparation of the
accounts.
2.3. Assessment of Going Concern
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing
these 2ccounts. The trustees have m2de this 2ssessment in respect to 2 period of one year from the date of
approval of these accounts.
The trustees of the charity have concluded that there are no material uncertainties related to events or
conditions that may cast significant doubt on the abiliry of the chariry to continue as a going concern. The
trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they f211 due.
The financial statements h2ve therefore been prepared on the going concern b2SiS.
2.4. Cash Flow Ststement
The accounts do not include a cash flow statement because the charity. as a small reporting entity, is exempt
from the requirement to produce such a statement under Accounting and Reporcing by charities Statement
of Flecommended Pr2Ctice (Charities SORP (FRS 102)).
2.5. Income Recognition
All incoming resources are included in the Statement of Financial Attivities when the charity is entitled to
the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to parricular categories of income:
Voluntary income including core grants, membership, donations, and gifts is included in full in the
Statement of Financial Activities when receivable.
Accivicies for generating funds includes income received from the sale of goods in the shop.
The Brunel Museum
Company Number 02488877
Page I I

Incoming resources from charitable attivities includes income from performance fees and project
grants. Grant income included in this category is recognised where there is entitlemen( certainty of
receipt and the amount can be measured with sufPicienr reliability. Grants, where enritlement is not
conditional on the delivery of a specific performance by the charity, are recognised when the charity
becomes unconditionally entitled to the grnnL
Income received from tours and admissions are recognised in full in the Statement of Financial
Activities under Income received from Charitable activity.
Investment income is included when receivable.
Grants received for specific purposes are treated as restritted funds. Income is deferred when performance
fees or grants are received in advance of the performance or event to which they relate.
2.6. Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or construccive obligation committing the
charity to make a payment ro a third party, it is probable thar a transfer of economic benefit will be required
in settlement and the amount of the obligation can be measured reliably.
Expenditure is included in the accounts on an accruals b2sis and includes attributsble VAT which cannot be
recovered.
Expenditure is allocated to the particular activity on a direct basis or by allocation based on the level of
direct expenditure re12ting to th2t activity.
Expenditure comprises the following:
a) The costs of charitable activities comprise expenditure related to the Charity's primary charitable
purposes. Such costs include=
Grants and donations
Related 2dministration costs
b) The cost of raising funds comprises expenditure related to the chariry. expenses in relacion to raising
funds for the charity. Such costs include:
Direct costs
Related support costs
c) Support costs are the costs associated with the governance arrangements of the charity and the
general running of the chariry. Included within this category are costs associated with the strategic as
opposed to day-to-day management of the chariry's acriviries. Supporc costs are allocated on the
basis of time spent of these activities.
2.7. Tangible Fixed Assets
The trustees have determined that the additional benefir ro members and other users of these accounts of
researching the historic cost or of obt2ining v21ues for items in the Collection 2t l January 2001 does not
justify the costs of such an exercise. Accordingly. items in the Collettion are carried at nil cost unless they
have been purchased by the charity since l January 2001.
Costs incurred in acquiring icems for the collection are written off to the Statement of Financial Activities in
the year of acquisition.
Other tangible assets are stated at COSL Depreciation is provided on tangible assets to write down their
value over their estimated useful life. The following r7tes have been applied:
Collection
No depreciation
Brunel Drawings
No depreciation
Fixtures and Fittings
10% - 20% straighr line
OfPice Equipment
25% straight line
2.8. Stock
Stock is held at the lower of cost and net realisable value.
The Brunel Museum
Company Number 02488877
Page 12

2.9. Debtors
Debtors are recognised at their setclement amounL less any provisions for non-recovernbiliry. Prepayments
are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt
where such discounting is material.
2.1 O. Cash at Bank and in Hand
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a
maturity of less than three months from the date of acquisitions.
2.1 l. Creditors and Provisions
Creditors and provisions are recognised when there is an oblig2tion at the balance sheet date as a result of a
past evenL it is probable that a tt7nsfer of economic benefit will be required in settlemen( and the amount
of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the
charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future
cash payment where such discounting is material.
2.12. Financial Instruments
The chariry only enters into basic financial inscrumenr rransaccions rhat resulr in the recognition of financial
assets and li2bilities like trade 2nd other debtors 2nd c￿dItors.
2.13. Pensions
The company operntes a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company h2s no further payment obligations.
The contributions are recognised as an expense in the Statemenr of income and retained earnings when they
f211 due. Amounts not paid are shown in 2ccruals as a liability in the Ststement of financial position. The
assets of the plan are held separately from the company in independently administered funds.
2.14. Taxation
The Brunel Museum is a registered charity and therefore is not liable to income tsx or corporation tax on
income derived from its ch2ritable activities, 2S it falls within the v2rious exemptions available to registered
charities.
2.15. Interest Income
Interest income is recognised in profit or loss using the effettive interest method.
2.16. Borrowing Costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
2.17. Fund Accounting
Rescricted Funds
Funds that can only be used for specific resrricted purposes within the
objects of the charity. Flestrictions arise when specified by the donor
or when funds are raised for particular restricted purposes
Design2ted Funds
Funds set aside by the trustees out of unrestricted generdl funds for
specific future purposes or projects
Unrestricted General Funds
Funds which can be used in accordance with the charitable objects at
the discretion of the trustees
The Brunel Museum
Company Number 02488877
Page 13

Income From Charitsble Activities
2023
Restricted Unrestricted
Total
2022
Admissions
Group Visits
Project Income
Total
39.303
6.726
39.303
6.726
36.212
82,241
28.017
2,041
199.325
229,383
36.212
36.212
46,029
Project Income
2023
2022
Brunel Reinvented
2,025
153,837
34,788
6,200
4.500
Cultural Recovery Fund
Education
21,187
500
Museum of London Re-set Grnnt
Collections
12.500
36.212
Total
199.325
Income from Other Trading Activities
2023
2022
Merchandise Sales
Digital Sales
Image Rights Licencing
Venue Hire
Third Parcy Event Income
Total
18,665
2,363
150
61,366
25,362
107.905
17,405
3,613
61,973
28,894
6. Other Income
2023
2022
Interest Receivable
Southwark Council COVID Grnnts
Other Income
406
2.667
140
Total
(115)
3,213
The Brunel Museum
Company Number 02488877
Page 14

Fundraising Costs
2023
2022
Allocaced Support Costs (Note 9)
Merchandise Purchases
Digital Sales Costs
Admission and Group Visit Costs
Venue Hire and Third Party Event Costs
Total
83.121
4.096
1,474
2.868
13.823
105,382
73.872
16.334
2.511
1.067
14.710
108,494
Charitable Activities Costs
2023
Restricted Unrestricted
2022
Restricted Unrestricted
Project Costs (Note l O)
Allocated Support Costs (Note 9)
Total
53,664
35,213
88.213
88,213
78.766
78,766
53.664
35,213
Accountancy
Legal Fees
Independent Examination Costs
Total
(339)
40
2.250
1,951
789
1.300
2,089
Total
53.664
90,164
35,213
80,856
Support Costs
2023
Charitable
Activities
(Note 8)
Fundraising
(Note 7)
Total
2022
Staff Costs (Note 12)
Consultancy
Collection Costs
Premises Costs
General Office Expenses
PR and Marketing
Insurance
Repairs and Maintenance
Printing and Stationery
Subscriptions
Travel Costs
Bank Charges
Interest Payable
Irrecoverable VAT
Depreciation
Total
62.668
62.668
1.500
2.445
8.620
2.270
2.008
1.934
1.154
176
507
756
260
125.336
1.500
2.445
17.240
4.541
2.335
3.869
2.308
352
1.014
1.512
538
516
4.008
3.820
171,334
103.770
2.975
529
14.568
4.176
7.215
4.485
1.183
316
1.459
175
788
681
5.568
4.751
152,638
8.620
2.270
327
1.934
1.154
176
507
756
278
516
2.004
1.910
88,213
1.910
83,121
The Brunel Museum
Company Number 02488877
Page 15

l O. Project Expenditure
2023
2022
Brunel Reinvented
45.662
1,692
1.146
2,304
2.861
24.608
10,373
Cultural Recovery Fund
Education
Museum of London Re-set Grant
232
Collections
Total
53,664
35,213
I l. Trustees, Remuneration
There were no expense reimbursement payments during the year ended 31 December 2023 or the prior
year.
12. Staff Costs
2023
2022
Wages and Salaries
Social Securiry Costs
Other Pension Costs
146.209
2.934
3,160
9.138
102,667
2.040
1,669
4.162
Other Staff Costs
Total
161.440
110.538
£36.104 of staff costs are included in Projecc Costs (2022 - £6.758}
The average number of employees during the year was 4.5 (2022- 4.5)
No employees received emoluments in excess of £60.000
The Brunel Museum
Company Number 02488877
Page 16

13. Tangible Fixed Assets
Museum
Fixtures &
Staging &
Fittings Equipment Equipment
Collection
Total
Cost
At l January 2023
Additions
35,770
20,485
9,586 237,552
2.315
465
2,780
Disposals
At 31 December 2023
(500)
20,450
(500)
9,586 239,832
38,085
Accumulated Depreciation
At l January 2023
Charge for the Year
Disposals
4,583
21,424
14,603
9,586
50,196
2,489
3,282
5,771
(385)
(385)
At 31 December 2023
4.583
23.913
17,500
9.586
55.582
Net Book Value
At 31 December 2023
167,128
14.172
2,950
184,250
Ac l January 2023
167.128
14,346
5.882
187.356
14. Stocks
2023
2022
Goods for Resale
6,638
979
15. Debtors
2023
2022
Trade Debtors
31.346
1,500
1.535
23.355
Accrued Income
Other Debtors
4.982
Total
34.381
28,336
The Brunel Museum
Company Number 02488877
Page 17

16. Creditors
2023
2022
Trade Creditors
7,755
12.371
54.785
6.337
6.895
88.143
10.002
98.145
9,312
8,811
20,997
5,040
7,241
51.401
16,381
67.782
Social Security and Other Taxes
Accruals and Deferred Income
Other Creditors
Loans - Due Within One Year
Amounts Due Within One Year
Loans - Due After One Year
Total
17. Unrestricted Funds Analysis
Atl
January
2023
At31
December
2023
Current Year
Income Expenditure
Transfers
Continu2tion Fund
25.795
12,290
38,085
Partnership Funding
Closure Fund
31.513
(31,513)
3.000
3,000
General Fund
72.868
161.726
(195.547)
161.726 (195.547)
19.995
59,042
Total
133,176
772
100,127
During the year transfers of £772 were made from Restricted to Unrestricted Funds (2022 - £32.567).
Atl
At31
January
December
2022
2022
Prior Year
Income Expenditure
Transfers
Continuation Fund
28,042
(2,247)
25,795
Partnership Funding
Closure Fund
31,513
31,513
3.000
3,000
General Fund
77.441
149.963
(189.350)
34,814
72,868
Total
139,996
149.963 (189,350)
32,567
133,176
The Brunel Museum
Company Number 02488877
Page 18

18. Restricted Fund Analysis
Atl
January
2023 Income Expenditure
At31
December
2023
Current Year
Transfers
Brunel Drawings Fund
Brunel Phorographs Fund
Project Grants -
Conservation
160,000
160,000
4,073
4,073
5.365
5,365
Education
9.756
21.187
(1.146)
(2.861)
(45,662)
(1,692)
(2,304)
(53.664)
29,798
Collections
12.500
9,639
Brunel Fleinvented
153,644
2,025
110,007
Cultural Flecovery Fund
Museum of London Re-set
1,692
4.268
500
{2.464)
(772)
Total
337.106
36.212
318,883
Atl
January
2022
At31
December
2022
Prior Year
Income Expenditure
Transfers
Brunel Drawings Fund
Brunel Photographs Fund
Project Grants -
Conservation
160.000
160.000
4.073
4.073
5,365
5,365
Education
3,556
6,200
9,756
Playscheme
Brunel Reinvented
214
(214)
24.415
153.837
{24.608)
{10.373)
{232)
(35,213) (32.567)
153.644
Cultural Recovery Fund
Museum of London Re-set
7.938
34.788
(32.353)
4,500
4,268
Total
205,561
199.325
337.106
The Brunel Museum
Company Number 02488877
Page 19

19. Allocation of Net Assets Between Funds
2023
Current Year
Restricted Unrestricted
Total
Tangible Fixed Assets
Current Assets
164.073
20.177
184.250
154,810
178,096
332,905
Current Liabilities
(88,143)
(10.002)
100.127
(88,143)
(10,002)
419.010
Non-current Liabilities
Total
318,883
2022
Prior Year
Restrirted Unrestricted
Total
Tangible Fixed Assets
Current Assets
164.073
23.283
187.356
173.033
177.675
350.709
Current Liabilities
(44.160)
(23,622)
133.176
{44.160)
(23,622)
470.283
Non-current Liabilities
Total
337,106
20. Pension Commitments
The pension cost charge for the year is £2.871 (2022 - £1.669) from Unrestricted Funds and £289 (2022 -
£nil) from Restricted Funds. Conrributions totalling £2,145 (2022 - £448> were payable at the year end.
21. Operating Lease Commitments
The total future minimum lease payments under non-cancellable operating leases for Land and Buildings are
as follows -
2023
2022
Withing One Year
In the Second to Fifth Years Inclusive
1.000
4,500
61.000
1.000
4,000
62.500
After Five Years
Total
66,500
67,500
22. Related Party Transactions
There were no related party tfdnsattions during the year ended 31 December 2023 or the prior year.
The Brunel Museum
Company Number 02488877
Page 20

23. Control
The Chariry is considered to have no single controlling parry.
24. Comparative Statement of Financial Activities
2022
Prior Year
Restricted Unrestricted
Total
Income
Donations
Income from Charitable Attivities
Income from Other Trading
Other Income
4.776
4,776
30.058 229.383
199.325
3.213
3,213
149.963 349.288
Total Income
199.325
Expenditure
Raising Funds
Charitable Activities
108,494 108.494
80.856
116,068
189.350 224.563
35.213
35.213
Total Expenditure
Profitl(Loss) for the Year
164.112
(39.387) 124.726
Reconciliation of funds
Funds Brought Forward
Transfers
205.562
(32.567)
164.112
337.106
139.996 345.557
32,567
(39.387) 124.726
133.176 470.283
Nec Movement in the Year
Funds Carried Forward
The Brunel Museum
Company Number 02488877
Page21