| ObjectivesandActivit | ies | |
|---|---|---|
| SORPreference | ||
| Summaryofthepurposesof thecharity as set out inits governing document |
Para'1.17 | Theadvancement of education by acquiring, housing and exhibiting, conserving, restoring and repairing objects andcollectionsofan |
| educational nature and by establishing, | ||
| acquiring, managing and maintaining | ||
| museums,galleries,libraries andother | ||
| places wheresuchpurposes maybe | ||
| achieved andwhere educationand | ||
| educationalresearch and enquiry and the | ||
| exchange and dissemination of relevant | ||
| views and information mav haooen. | ||
| Summary ofthemain activities in relation to those purposes forthepublic |
Para1.17and 1.19 |
TheMoP aimstoconserve heritage artefacts (especiallyengineeringrelated)tohelp educate visitors (especiallyyoungpeopte) |
| benefit, in particular, the activities, projectsorservices |
about science, technology, engineering and mathematics (STEM) and broaden this to |
|
| identifiedintheaccounts. | include arts (STEAM) andtoserveourlocal | |
| community.Thisis achieved throughthree | ||
| main channels,firstlyconservationofthe | ||
| Langford steam pumping station andthe | ||
| power related museum based there: | ||
| secondly through educationaland | ||
| promotional events, visits and presentations: | ||
| thirdlyinvolvement withthecommunity | ||
| providing a social venue and services to the | ||
| local communitv. | ||
| Statement confirming whether thetrusteeshave |
Para1.18 | The Trustees confirmtheycomplywiththe requirements oftheCharitiesActand itsown |
| had regard to the guidance issuedbytheCharity |
Governancedocument.ln settingtheir objectives and planningtheiractivitiesthe |
|
| Commission on public | Trusteeshave given careful consideration to | |
| benefit | theCharity Commission'sguidanceon | |
| public benefit. |
| ffindertakesocial | ||
|---|---|---|
| Para1.38 | investment | |
| Policy on socialinvestment | ||
| includingprogram related | ||
| investment | ||
| WAacknowledgethecontribution madeby | ||
| ContributionmadebY volunteers |
Para1.38 | our volunteerswithout whomtheMuseum wouldnot continueto exist.Many hours wereputinduringthe yearwithoverall membership numbersremaining static, |
| howeveritisrecognisedthatimprovements | ||
| toinduction,management an support are | ||
| required andpractices and proceduresare | ||
| underreview. | ||
| Other |
| AchievementsandPe | rformance | |
|---|---|---|
| SORPreference | ||
| TheMuseum has beenseverely restrictedin | ||
| its opening during thefinancialyear due to | ||
| the COVID19pandemic andtheimposed | ||
| Summary ofthemain achievementsofthecharitY, identifying the differencethe charity'sworkhas madeto thecircumstancesofits |
Para1.20 | Governmentrestrictions. Thepandemic impacton schools has meant thattheeducation deliveryto thestudentsin support of STEAM havebeen disrupted with onlyafew schoolsbeingabletoattendthe |
| beneficiaries and anywider | museuminsuppottoftheirkey stage | |
| benefitstosociety asa | activities. | |
| whole. | ||
| Thesocial engagementthrough the | ||
| volunteernetwork has continuedwhen | ||
| possible and has successfully managedthe | ||
| reengage withthemajorityofthe volunteers | ||
| upon reopening. | ||
| Collaboration continued withtheLocal | ||
| Council andotherindependent museumin | ||
| pooling assets and assisting in reopening | ||
| andproviding new exhibitions are being | ||
| usedatmultiple sitesacrossEssex. |
| Youmav choosetoinclude | furtherstateme | ntswhererelevant about: |
|---|---|---|
| Abidwassubmitted totheNational Lottery | ||
| Heritage Fundforimprovements tothe | ||
| Achievementsagainst | Para1.41 | facilitiesandtocreateanimproved |
| objectives set | educationalplatformsupported by strong incomegenerationactivities.TheMuseum |
|
| wassuccessfulinits application and was | ||
| awarded thefundinMarch.However the | ||
| museum has been unabletoaccept thefund | ||
| todate due two issues and |
| these arestilltoberesolved.TheTrustee | ||
|---|---|---|
| due diligence reviewin ongoing and | ||
| ensuring thattheviabilityofthemuseumis | ||
| notcompromisedintheacceptance of grant. | ||
| Other objectives setatthebeginningofthe | ||
| yearhave beenseverelyimpactedbythe | ||
| COVID19pandemic,butithas been | ||
| successfulits reopeningactivities inlinewith | ||
| theGovernmentquidelines. | ||
| Thefundraising activitieshave been | ||
| severely impactedbytheCOVID19 | ||
| Performanceoffundraising activities against objectives set |
Para1.41 | pandemic and have only achieved less than 507oofitstarget.Supportbeen received throughgrantsfromACEandthelocal |
| counciltopromotethemuseumuPon | ||
| openingandthishas beensuccessfulaswe | ||
| moveintothenew financialYear. | ||
| Funds not immediately requiredfor | ||
| operationsare heldinaninterest bearing | ||
| Investmentperformance | Para1.4'l | account.Aperiodicreviewofalternative |
| against objectives | accountstodetermine ifa better return can be obtained is undertaken. |
|
| Other |
| Review ofthecharity's | Para1.21 | Thefinancialpositionatyearend showsan |
|---|---|---|
| financialposition attheend | excessofincome over expenditure,although | |
| oftheperiod | reducedfromprevious years. | |
| Due totheMuseum closure and restrictive | ||
| operatingnumbers imposedbythe | ||
| Governmentlockdown rules,fundingraising | ||
| achieved only 50%oftargetbudget,butstaff | ||
| costswerereduced through thegovernment | ||
| furlongsupport andgrants.Visitornumbers | ||
| werealsoonly30% of expected, although | ||
| membershipnumbers remain consistent. | ||
| Howeveradditionalcosts have been | ||
| incurred when equipment was | ||
| recommissioned, requiring additional capital | ||
| investment.Capital reserves remainatthe | ||
| samelevels aspreviousyearsdue tothe | ||
| needtohavefundsavailable forthelottery | ||
| fundmatchedfundingintheeventof | ||
| acceptingthegrant. | ||
| Statement explainingthe | Para1.22 | TheBoard has maintained a cash based |
| policyforholding reserves | reserveto coverunseen eventualitiesand | |
| statino whvthev areheld | meetfutureinvestment commitments. | |
| Amount ofreserves held | Para1.22 | €60.000 |
| Reasonsforholding zero | Para'l..22 | Not applicable |
| reserves |
| Dilalls ortundmateriallYin |
Not applicable |
|---|---|
| ExplanationofanY uncertaintiesaboutthe charity continuingasagoing concern |
charityremainsagoingconcern with clearplans for thefuture.Therisk managementprocess established ensures that withinthelimitsofthereservesand budgetaryprocessesthecharity can |
| Additionalinforma t |
||
|---|---|---|
| Youmavchooseo OU y n re |
-he Membersnips& Donations (11%) Visitor'sadmissions(7%) |
|
| ThecharitY'sPrinciPal sourcesoffunds(including any fundraising) |
Para1.47 | Events andvenuehire (33%) Cateringfranchise(3%) SponsorshiP-NWG(12o/o) Grants(32Yo) |
| School/Groupvisits(<1%) | ||
| ptans tor tfrefutureinvestmentinsite | ||
| lnvestmentPolicYand objectives includinganY socialinvestmentPolicY |
Para'1.46 | facilitiestoimprovethe educational and community engagementaspects dictatethat atpresent anysurplusfundsare held on short termdePosit. |
| adopted | ||
| Theket?iskrsthelossofvaluableexpertise | ||
| in an ageing volunteerworkforce. | ||
| AdescriptionofthePrinciPal risks facingthecharitY |
Para1.46 | AtTrusteelevelareview has identified the appropriateskillsrequired to takethe museum forward. |
| Financiallythemainrisk remainsthe | ||
| dependenceonlargeeventincomes and | ||
| theirimpactfromexternaleffects such as | ||
| weather. | ||
| Theimpactofthepandemic isbeing | ||
| incorporated intothebusinesscontinuity | ||
| olans | ||
| Other |
| Description of charity's | ||
|---|---|---|
| trusts: | ||
| Typeof governing document | Para1.25 | Memorandum andArticlesofAssociation |
| (tr"ustdeed,roval eharter) | ||
| Howisthecharity | Para 1.25 | Company limitedbyguarantee |
| constituted? | ||
| (eg unincorporated | ||
| assocration. CIO) | ||
| Trusteeselection methods | Pal:a1.25 | Trusteesare appointedbythemembers |
| including details of any | after meeting selection criteriadefinedbythe | |
| constitutionalprovisions e.g. | boardoftrusteesandproposedbytheboard | |
| electiontopostornameof | atthe AGM. | |
| any person or body entitled | Thelandlordofthemuseum site and | |
| toappoint one or more | principal sponsorofthemuseum hasthe | |
| trustees | riqhttonominate a representativeand |
| Additional information(optional) | Additional information(optional) | |
|---|---|---|
| Y choosetoincludefurtherstatements |
whererelevant about: | |
| Aprocedure is inplace fortheinductionof | ||
| newTrusteesandaPProPriate | ||
| Policies andprocedures adopted fortheinductionand trainingoftrustees |
Para'l.5'l | documentationprovided tothemaswellas training.AllnewTrusteesarerequired to sign theTrusteeDeclarationForm and are annually requiredtoconfirmthey arenot |
| automaticallydisqualifiedbyeventsoutside | ||
| theknowledqeofthecharitY. | ||
| TheBoard ofTrusteeshas overall | ||
| responsibility forthe directionand operation | ||
| The charity'sorganisational structure andanYwider |
Para1.51 | ofthecharity;ithasa management committeetoundertake alloperational |
| network with whichthe | responsibilities and hasestablisheda | |
| charityworks | fundingcommitteetomanage finaicial viability going forward. |
|
| EssexandSuffolkWater(partofthe | ||
| NorthumbrianWaterGrouP)are the | ||
| Relationshipwith anyrelated | Para1.51 | landlords andprincipalsponsorofthe |
| parties | museum. | |
| Other |
| Reference and | Adminis | trative details | trative details | ||
|---|---|---|---|---|---|
| Charity name | MuseumofPower | ||||
| Othernamethe charityuses | MoP | ||||
| Reoistered charitv number | 1087459 | ||||
| Charity'sprincipal address | Hatfield Road, Langford,Maldon,Essex | CMg6QA | |||
| m | es ofthe charity trusteeswho | managethe | charity | ||
| Trusteename | Office(if | any) | Datesacted ifnotfor whole vear |
Nameofpenson{orbody)entitled to aoooint trustee(ifany) |
|
| 1 | Roger Griffin | Chairman | MembersoftheCharity | ||
| 2 | RichardWaylen | Finance | Director | Ditto | |
| 3 | MarkWeale | Safety&lncome | Ditto | ||
| 4 | JohnLowe | Honorary President | Ditto | ||
| 5 | GrahamWood | Gurator | Ditto | ||
| 6 | MarkGallagher | Estates and Facilities |
Ditto |
| Names andad | dressesof adviser | s (Optionalinformation) |
|---|---|---|
| Typeof | Name | Address |
| adviser | ||
| Accountant | P.F.Michael LLP | 69-71EastStreet,Tollesbury,Maldon, EssexCMg8QE |
| Solicitors | BirkettsLLP | Brierly Place, New LondonRoad, Chelmsford CM2OAP |
| Page | ||
|---|---|---|
| Company !nformation | 1 | |
| Directors Report | 2 | |
| Accountants Report | 3 | |
| Profit and LossAccount | 4 | |
| Balance Sheet | 5 | |
| Notesto the Financial Statements | 6 | |
| Trading and Profit and LossAccount | 11 |
| 2021 | 2020 | |
|---|---|---|
| f | t | |
| Turnover | 90,875 | 128,710 |
| Cost ofSales | 10,637 | 31,364 |
| Gross Profit | 80,238 | 97,346 |
| Administrative expenses | 75,217 | 90,036 |
| Other lncome | ||
| Operating Profit | 5,021 | 7,310 |
| lnterest receivable | 220 | 873 |
| Profit on Ordinaryactivitiesbeforetaxation | 5,241 | 8,183 |
| Profit forthefinancial year after taxation | 5,241 | 8,183 |
| Extraordinary items after taxation | ||
| ProfiU(Loss)for thefinancialyear | 5,241 | 8,183 |
| BALANCESHEET Asat31May2021 |
||||
|---|---|---|---|---|
| Notes | 2021 e |
2020 f |
||
| FIXED ASSETS | ||||
| TangibleAssets | 56,078 | s0,302 | ||
| CURRENTASSETS | ||||
| Stocks | 395 | 302 | ||
| Debtors | 5,490 | 3,388 | ||
| Cash at bankandin hand | 253,924 | |||
| 259,809 | ||||
| GREDITORS | ||||
| Amountsfallingduewithinone | 36,029 | 15,554 | ||
| year | ||||
| NET CURRENTASSETS | 223,780 | 186,677 | ||
| TOTAL ASSETSLESSCURRENT | 279,858 | 236,979 | ||
| LIABILITIES | ||||
| ACCRUALS ANDDEFERRED | 111,078 | 73,440 | ||
| INCOME | ||||
| NET ASSETS | 168,780 | 163,539 | ||
| GAPITAL ANDRESERVES | ||||
| Profit and lossaccount | 168,780 | 163,539 | ||
| 168,780 | 163,539 |
| TANGIBLEFIXEDASSETS | |||
|---|---|---|---|
| lmprovementsPlant& Fixtures& toProjrertyMachineryFittinss f.L |
Totals f |
||
| COST: | |||
| At1June202O Additions Disposals |
51,595 - |
41,729 3,908 9,880 (4,480)(1,593) |
97,232 9,880 (6,073) |
| At31May 2021 | 51,595 | 47,129 2,315 |
|
| DEPRECIATION: | |||
| At1June2020 Chargefor theyear Disposals |
36,622 1,911 38,533 |
8,179 2,129 290 155 (2,s44)(1,3811 5,525 903 |
|
| NET BOOK VALUE | |||
| Al31May 2021 | _73,062 | 41,604 1,412 |
56,078 |
| At31May2O2O | 17,222 | 34,051 1,841 |
53,114 |
| ACGRUALSANDDEFERREDINGOME | ||
|---|---|---|
| 2021 | 2020 | |
| f€ | ||
| Heritage EngineeringNetwork | 1,477 | 1,621 |
| Resilience/Living WellFund | 2,475 | 2,475 |
| ACEFund | 18,395 | |
| EducationFund | 4,380 | 10,531 |
| Heritage LotteryFund | 38,134 | 19,344 |
| MichaelClarkFund(restricted) | 50,000 | 50,000 |
| 114,861 | 83,971 |
| The grantswerenot spentinfu | ll during the year. | A break |
|---|---|---|
| t | ||
| LIVINGWELL FUND | ||
| Opening balance | 2475 | |
| lncome | 0 | |
| Expenditure | 0 | |
| Balanceatyearend. | ||
| EDUCATION FUND | ||
| Opening balance | ||
| Transfer to NLHF | 4400 | |
| 626 | ||
| 850 | ||
| Expenditure | ||
| Balanceatyearend |
| TO THEFINANCIALSTATEMENTS rended31 May2O21 RESTRICTED FUNDS(cont.d) |
||
|---|---|---|
| RESILIENCEFUND | ||
| Opening balance | -145 | |
| lncome | 6000 | |
| Expenditure | -5,855 | |
| Closing balance | 0 | |
| HERITAGE LOTTERYFUND | ||
| GrantOpening Balance | - | 2,069 |
| Grant income | 5,429 | |
| Grant Expenditure | 3,360 | |
| Grant ClosingBalance | 0 | |
| Matched Funding Opening balance | 21,414 | |
| Matched Funding lncome | 16,721 | |
| Matched Funding Expenditure | ||
| Matched Funding Glosig Balance | 38,135 | |
| ACEFUND | ||
| lncome | 21,970 | |
| Expenditure | (3,575) | |
| Closing Balance | 18,395 |
| Additionally the museumhasaboardapp oft60,000. |
roved policy of retai |
|---|---|
| f | |
| Michael ClarkFund | 50,000 |
| Heritage LotteryFund | 38,134 |
| EducationFund | 4,380 |
| ACEFund | 18,395 |
| LivingWellFund | 2,475 |
| Heritage Engineering Network | 1,477 |
| 114,861 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Turnover | E | € | E | L | |
| Membershipfees | 2,144 | 1,998 | |||
| Donations | 7,779 | 6,082 | |||
| VisitorsFee | 5,572 | 12,275 | |||
| TeaRooms | 2,500 | 2,500 | |||
| Events lncome | 27,874 | 30,600 | |||
| Shop Sales | 925 | 2,786 | |||
| TrainRides | 1,123 | 3,165 | |||
| NWL Sponsorship | 12,000 | 12,000 | |||
| Grants | 29,411 | 26,108 | |||
| Camping Fees | 1,001 | 2,231 | |||
| Sale of scrap metal | 180 | ||||
| School Trips/Groups | 461 | 5,666 | |||
| VolunteerFund | 591 | ||||
| Hire of Venue | 85 | 315 | |||
| EventslncomeT&G | 22,213 | ||||
| 90,875 | 128,710 | ||||
| Cost of Sales | |||||
| Opening stock | 302 | 632 | |||
| Shop Purchases | 284 | 725 | |||
| CostofEvents | 9,490 | 17,914 | |||
| TrainExpenses | 908 | 2,300 | |||
| Costs Group & School Trips | 48 | 2,631 | |||
| Event Expenses (T&G) | 7,410 | ||||
| Costs ofVenueHire | 54 | ||||
| 31,666 | |||||
| Closing stock | - | 302 | |||
| 10,637 | 31,364 | ||||
| GROSS PROFIT | 80,238 | 97,346 | |||
| Other income | |||||
| lnterest Receivable | 220 | 873 | |||
| 80,458 | 98,219 |
| Expenditure | ||
|---|---|---|
| TrainingExpenses | ||
| HeatingOil | 591 | |
| lnsurance VolunteerExpenses |
5,804 167 |
5,495 1,551 |
| Telephone | 681 | 661 |
| 6,652 | 8,298 | |
| Page11 |
| ee | 2021 | 2020 t |
||
|---|---|---|---|---|
| Broughtfonruard | 6652 | 80,458 | 8298 | 98,219 |
| Printingstationery/newsl etter | 390 | 2809 | ||
| Advertising | 0 | 3111 | ||
| General Repairs & Plant | 4266 | 5840 | ||
| Health&Safety | 1104 | 618 | ||
| Project expenses (rest) | 275 | 178 | ||
| Household & cleaning | 820 | 1115 | ||
| Lilleshall running costs | 14004 | 3154 | ||
| Management Consultancyfees | 36793 | 55026 | ||
| Nest tcr |
2672 58 |
0 18 |
||
| Subscriptions and donations | 235 | 322 | ||
| Tea room running costs | 840 | 2,109 | ||
| Fundraising/Marketing | 145 | 1,000 | ||
| Accountancy | 2,082 | 1,650 | ||
| LegalFees | 85 | 1,213 | ||
| 70,421 | 86,461 | |||
| Finance Costs | ||||
| Credit card | 692 | 764 | ||
| Depreciation | ||||
| Improvementstoproperly | 1911 | 2249 | ||
| Plant and machinery | 290 | 501 | ||
| Fixtures and fittings | 155 | 62 | ||
| 2356 | 2812 | |||
| Losson disposaloffixed assets | ||||
| Plant and Machinery | 1536 | |||
| Fixtures & Fittings | 212 | |||
| NET PROFIT/(LOSS) | 5,241 | 8,182 |