2023-05-31-accounts

Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2 to 8
Independent Examiner's		Report
Statement ofFinancial		Activities	10
Balance Sheet
Notes to the Financial	Statements		12to 22

				Museum	of	Power
			Reference and Administrative				Details
Chairman				Dr RGriffin
Secretary				TA Soame
Senior Management		/	Leadership	P Breeze, Treasurer
Team				D Thomas, Manager
Charity Registration			Number	1087459
Company	Registration		Number	03203668
Registered	Offlce			Steam Pumping	Station
				Hatfield Road
				Langford
				Maldon
				Essex
				CM9 6QA
Accountants				DeVines Accountants		Limited
				Bellefield House
				104New London	Road
				Chelmsford
				Essex
				CM2 ORG
Solicitors:				Birketts LLP
				Brierly Place
				New London Road
				Chelmsford
				Essex
				CM2 OAP

Trustees;	Dr R Griffin
	SE Capper
	RD Waylen
	JH Lowe
	M Gallagher	(resigned		11July 2023)
	TBarber (appointed		19December 2023)
	CD Waylen	(appointed		19December	2023)
	Mark Weale	(resigned		11October 2022)
	Graham Wood (resigned 24 November				2023)
Chairman:	Dr RGriffi
Secretary:	TA Soame

			Unrestricted	Restricted	Total
			funds	funds	2023
		Note	f
lncoine and Endowments	from:
Donations and legacies			6,364	24,080	30,444
Charitable activities			1,650		1,650
Other trading activities			143,663	5,444	149,107
Other income			5,000		5,000
Total income			156,677	29,524	186,201
Expenditure on:
Raising funds		6	(46,935)		(46,935)
Charitable activities Other expenditure Total expenditure		7	(60,023) ~~5,052) ~162070	(4 ~4,6 6	(64,639) ~&ss,os' 166,626
Net (expenditure)/income Transfers between funds			(5,333) ~72,729	24,908 72,729	19,575
Net movement in funds			(78,062)	97,637	19,575
Reconciliation offunds
Total funds brought forward			243,173	77,689	320,862
Total funds carried forward		22	165,111	175,326	340,437
The funds breakdown for 2022 is shown		in note 22.

		Bala	nce Sheet as a	t 31May 202	3
					2023	2022
				Note
Fixed assets
Tangible assets				15	21,887	52,928
Current assets
Stocks				17	596	944
Debtors				18	341,292	24,080
Cash at bank	and in hand			19	274,659	260,060
Creditors: Amounts		falling due within	one year	20	616,547 ~298,tl00	285,084 ~17,154
Net current	assets				318,547	267,930
Net assets					340,434	320,858
Funds ofthe	charity:
Restricted income funds
Restricted funds				22	175,326	77,689
Unrestricted	income	funds
Unrestricted	funds				165,108	243,169
Total funds				22	340,434	320,858

			Unrestricted
			funds	Restricted	Total
			General	funds	funds
Donations and legacies;
Donations fiom individuals			6 364	24,080	30,444
Total for 2023			6,364	24,080	30,444
Total for 2022			10,945	24,894	35,839
4 Income from charitable	activities
					Total
					funds
5 Income from other trading		activities
			Unrestricted
			funds	Restricted	Total
			General	funds	funds
Events income;
Other events income			88,286	5,444	93,730
Membership subscriptions			2,745		2,745
Other income from other trading		activities	52,632		52,632
Total for 2023			143,663	5,444	149,107
Total for 2022			140,149	1,994	142,143
			Page 15

					Unrestricted
					funds	Restricted	Total
					General	funds	funds
				Note
Other direct	costs	ofactivities	for generating
funds					46,935		46,935
Total for 2023					46,935		46,935
Total for 2022					40,836	30,060	70,896
							Total
						Direct costs	costs
Costs ofgenerating donations			and legacies			3,664	3,664
Total for 2023						3,664	3 664
7 Expenditure		on charitable	activities
						Unrestricted
						funds	Total
						General	funds
					Note
Allocated support		costs			9	804	804
Governance	costs				9	59,219	59,219
Total for 2023						60,023	60,023
Total for 2022						15,733	15,733
						Grant funding	Total
						ofactivity	expenditure
Direct Costs						3,655	3,655

		Unrestricted
		funds	Total
		General	funds
	Note
Staff costs
Wages and salaries		49,894	49,894
Social security		3,884	3,884
Pension costs		1,030	1,030
Total for 2023		54,808	54,808
Total for 2022		52,931	52,931

			Unrestricted
			funds	Total
			General	funds
Staff costs
Wages and salaries			1,223	1,223
Social security	coW		243	243
Pension costs			61	61
Legal fees			441	441
Depreciation, amortisation		and other similar costs	35,273	35,273
Other governance	costs		20,095	20,095
Allocated support	costs		83	83
Total for 2023			57,419	57,419
Total for 2022			15,060	15,060

10 Net incoming/outgoing resources Net incoming resources for the year include:
		2023	2022
Loss on disposal offixed assets held for the charity's	own use	30,990
Depreciation offixed assets		4,283	3,149

12 Staffcosts The aggregate payroll costs were as follows:
	2023	2022
Staff costs during the year were:
Wages and salaries	51,117	49,924
Social security costs	4,127
Pension costs	1,091	3,007
	56,335	52,931

2023	2022
No	No

13 Independent exaruiner's	remuneration
		2023	2022
Other fees to examiners
Examination-related assurance	services	1,800	2,082

15 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Total
Cost
At I June 2022	51,595	49,444	101,039
Additions Disposals		4,232 ~30,990	4,232 ~30,990
At 31May 2023	51595	22,686	74,281
Depreciation
At I June 2022	39,915	8,197	48,112
Charge for the year	1,751	2,531	4482
At 31 May 2023	41,666	10728	52,394
Net book value
At 31 May 2023	9,929	11,958	21,887
At 31 May 2022	116110	41,247	52,927

17 Stock
			2023f	2022
Stocks			596	944
18 Debtors
			2023	2022
Trade debtors			5,687
Prepayments			335,068	24,080
Other debtors			537
			341,292	24,080
19 Cash and cash equivalents
			2023	2022
Cash on hand			1,213	1,401
Cash at bank			273,446	258,659
			274,659	260,060
20 Creditors: amounts	falling due within	one year
			2023	2022
Trade creditors			3,312
Other creditors			130	1
Accruals			12,024	17,153
Deferred income			282,534
			298,000	17,154

22 Funds
								Balance at
				Balance at 1	Incoming	Resources		31May
				June 2022	resources	expended f	Transfers	2023
Unrestricted funds
General
General	fund			193,169	156,677	(162,009)	(22,729)	165,108
Designated
Michael	Clark	Fund		50,000			50,000
Total unrestricted			funds	243,169	156,677	~762,009	~72,729	165,108
Restricted	funds
Heritage	Lottery			70,035	29,224	(3,655)	76,000	171,604
Education Fund				3,571			(3,000)	571
Living Well Fund				2,475		(633)	(271)	1,571
Heritage	Engineering
Network				1,608	300	(328)		1,580
Total restricted		funds		77,689	29 524	~4,616	72,729	175,326
Total funds				320,858	186,201	(166,625)		340,434
								Balance at
				Balance atI	Incoming	Resources		31May
				June 2021	resources	expended	Transfers	2022
Unrestricted funds
General
General	fund			169,633	158,871	(119,335)	(16,000)	193,169
Designated
Michael	Clark Fund			50,000				50,000
Total unrestricted			funds	219,633	158,871	~779,335	~46.0007	243,169

No	tes to the Fina	ncial	Statem	ents for th	e Year E	nde	d 31May 20	23
								Balance at
		Balance at 1		Incoming	Resources			31May
		June	2021	resources	expended		Transfers	2022
		8
Restricted
Heritage Lottery		38,134		17,173	(1,272)		16,000	70,035
Education Fund			4,380			(809)		3,571
Living Well Fund			2,475					2,475
ACE Fund		18,395		9,416	(27,811)
Heritage Engineering
Network			1,477	300		169		1,608
Total restricted	funds	64,861		26889	~30,061		16000	77689
Total funds		284,494		185,760	~149,396			320,858
23 Analysis ofnet assets between		funds
				Unrestricted				Total funds at
				funds		Restricted		31May
				General			funds	2023
Tangible fixed assets					21,887			21,887
Current assets Current liabilities				155,461 ~32,2423		461,086 ~285,758		616,547 ~298,000
Total net assets					165,106		175,328	340,434
				Unrestricted				Total funds at
				funds			Restricted	31May
				General			funds	2022
Tangible fixed assets Current assets Current liabilities				52,928 255,500 ~6.930		29,584 ~70,224		52,928 285,084 ~37,154
Total net assets					301,498		19,360	320,858