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|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||||
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|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|||||
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||||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.||||
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|||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|
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||||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|||
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||||||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|
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|