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2025-01-31-accounts

Walthamstow Pumphouse Walthamstow Pumphouse Museum Museum 10 South Access Road, Walthamstow, London E17 8AX 10 South Access Road Walthamstow, London E17 8AX Charity Reg No: 1104509 Charity Reg No: 1104509

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Walthamstow
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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

Trustee’s Annual Report and Financial Statement Trustee’s Annual Report and Financial Statement For the year ending For the year ending 31 January 202 31 January 2025 5

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Contents ............................................................................................................................................................................ 2| |Reference and Administrative Details|Reference|and|Administrative|Details|................................................................................................................................ 4| |Trustees|Trustees ......................................................................................................................................................................... 4| |Corporate trustees|Corporate|trustees|........................................................................................................................................................ 4| |Trustees|Trustees holding title to property belonging to the charity|holding|title|to|property|belonging|to|the|charity|........................................................................................... 4| |Funds held as custodian trustees|Funds|held|as|custodian|trustees|................................................................................................................................... 4| |Chief Executive Officer|Chief|Executive|Officer|.................................................................................................................................................. 4| |Trading|Trading Subsidiary|Subsidiary|.......................................................................................................................................................... 4| |Primary Bank|Primary|Bank|................................................................................................................................................................. 4| |Trustees’|Trustees’ Report|Report|................................................................................................................................................................ 5| |Beneficiaries|Beneficiaries|................................................................................................................................................................... 5| |Purpose of the Charity|Purpose|of the|Charity|.................................................................................................................................................. 5| |Main Activities|Main|Activities|................................................................................................................................................................ 5| |Grant Making|Grant|Making|................................................................................................................................................................. 5| |Social Investments|Social|Investments|.......................................................................................................................................................... 5| |Contribution of volunteers|Contribution|of|volunteers|............................................................................................................................................ 6| |Main Achievements|Main|Achievements|........................................................................................................................................................ 6| |Public Benefit|Public|Benefit|................................................................................................................................................................. 7| |Investment Policy|Investment|Policy|........................................................................................................................................................... 7| |Reserves Policy|Reserves|Policy|.............................................................................................................................................................. 7| |Structure, Governance and Management|Structure,|Governance|and|Management|.......................................................................................................................... 7| |Governing Document|Governing|Document|.................................................................................................................................................... 7| |Trustee|Trustee selection|selection|........................................................................................................................................................... 7| |Organisational structure|Organisational|structure|................................................................................................................................................ 7| |Financial position|Financial|position|............................................................................................................................................................ 8| |Financial Report ................................................................................................................................................................ 9| |Income & Expenditure Account .................................................................................................................................... 9| |Balance Sheet .............................................................................................................................................................. 12| |Audit Exemption Disclosure ........................................................................................................................................ 13| |Notes to The Financial Statements ............................................................................................................................. 14| |Trustees’ Approval ...................................................................................................................................................... 16|

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Trustee’s Trustee’s Annual Report and Financial Statement Annual Report and Financial Statement - - Y/E Y/E 31 Jan 2025 31 Jan 2025

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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

Trustee’s Trustee’s Annual Report and Financial Statement Annual Report and Financial Statement - - Y/E Y/E 31 Jan 2025 31 Jan 2025

Contribution of volunteers Contribution of volunteers

Most Most activities are carried out by a team of volunteers except those which are put out to contract. Maintaining the size activities are carried out by a team of volunteers except those which are put out to contract. Maintaining the size of the team and motivating them is an important part of the of the team and motivating them is an important part of the Charity’s Charity’s activities. activities. The The C Charity harity employs employs a limited number a limited number of of paid staff. paid staff.

Main Achievements Main Achievements

Main Achievements Main Achievements

The The charity has enjoyed another strong and productive year. The Trustees are pleased to report that almost all of the charity has enjoyed another strong and productive year. The Trustees are pleased to report that almost all of the goals goals set for this period were met, with progress made across every major area of activity. This report focuses set for this period were met, with progress made across every major area of activity. This report focuses specifically on the work o specifically on the work of f the Walthamstow Pumphouse Museum, as the legal merger with the Markfield Beam Engine the Walthamstow Pumphouse Museum, as the legal merger with the Markfield Beam Engine & Museum took place right at the end of the reporting year. It therefore serves as the final standalone report for the & Museum took place right at the end of the reporting year. It therefore serves as the final standalone report for the Pumphouse before the new, merged charity begins it Pumphouse before the new, merged charity begins its s joint reporting next year. joint reporting next year.

Visitor Visitor numbers were especially encouraging this year. The museum welcomed more people than ever before, marking numbers were especially encouraging this year. The museum welcomed more people than ever before, marking a record year for attendance. This success reflects the strong public interest in industrial heritage and the commitment a record year for attendance. This success reflects the strong public interest in industrial heritage and the commitment of the museum’s staff of the museum’s staff and and volunteers, who have worked hard to improve community engagement. The team’s efforts in volunteers, who have worked hard to improve community engagement. The team’s efforts in broadening local partnerships and running events have been particularly effective. broadening local partnerships and running events have been particularly effective.

Over recent years, the size of the Board of Trustees had gradually reduced. Recognising the need to strengthen its Over recent years, the size of the Board of Trustees had gradually reduced. Recognising the need to strengthen its governance governance capacity, the charity launched a targeted recruitment campaign, which successfully brought several new capacity, the charity launched a targeted recruitment campaign, which successfully brought several new trustees trustees onto the Board. Un onto the Board. Under der the leadership of the new Chair, Andrew Lewis, the organisation also undertook the the leadership of the new Chair, Andrew Lewis, the organisation also undertook the most substantial restructure in its history. After much discussion and with specialist legal advice, it was agreed that most substantial restructure in its history. After much discussion and with specialist legal advice, it was agreed that merging with the Markfield Beam Engine & Museum w merging with the Markfield Beam Engine & Museum would ould be the best way to secure a stronger and more sustainable be the best way to secure a stronger and more sustainable future. future.

The The two museums share a common outlook, similar aims, and comparable ways of working. They are also two museums share a common outlook, similar aims, and comparable ways of working. They are also geographically geographically close, both located within the Lee Valley area, and have long shared trustees and volunteers. Following close, both located within the Lee Valley area, and have long shared trustees and volunteers. Following extensive consultation between the tw extensive consultation between the two o Boards, both sides agreed that a formal merger would allow the combined Boards, both sides agreed that a formal merger would allow the combined organisation to operate more efficiently and with greater resilience. Once the decision was made, the Chief Executive organisation to operate more efficiently and with greater resilience. Once the decision was made, the Chief Executive Officer coordinated the legal and practical steps required to br Officer coordinated the legal and practical steps required to bring ing the two charities together. Legal advisers supported the two charities together. Legal advisers supported the the process to ensure thorough due diligence and to help establish an effective new structure. It was also agreed that process to ensure thorough due diligence and to help establish an effective new structure. It was also agreed that the the merged charity would adopt a new name to reflect its broader purpose and amb merged charity would adopt a new name to reflect its broader purpose and ambitions. itions.

Alongside Alongside the merger process, the Trustees reviewed the charity’s internal governance arrangements. Although Annual the merger process, the Trustees reviewed the charity’s internal governance arrangements. Although Annual General Meetings had continued each year, attendance had been falling, and the number of members able to take part General Meetings had continued each year, attendance had been falling, and the number of members able to take part in key decisions had beco in key decisions had become me very limited. Because the original constitution required that many important matters be very limited. Because the original constitution required that many important matters be decided at the AGM, this had begun to make it harder for the charity to operate smoothly. After consulting with the decided at the AGM, this had begun to make it harder for the charity to operate smoothly. After consulting with the remaining members, the Board proposed removing th remaining members, the Board proposed removing the e formal membership body and the requirement for open AGMs. formal membership body and the requirement for open AGMs. This This proposal was discussed and approved unanimously at an Extraordinary General Meeting. From now on, the proposal was discussed and approved unanimously at an Extraordinary General Meeting. From now on, the Trustees Trustees themselves will constitute the legal membership of the charity, creating a more themselves will constitute the legal membership of the charity, creating a more efficient and responsive efficient and responsive governance governance model. model.

The The Trustees would also like to record their appreciation to the London Borough of Waltham Forest for its ongoing Trustees would also like to record their appreciation to the London Borough of Waltham Forest for its ongoing support. A grant received during the year helped fund improvements to visitor facilities and site accessibility, ensuring support. A grant received during the year helped fund improvements to visitor facilities and site accessibility, ensuring that that the museum rema the museum remains ins welcoming and inclusive for all visitors. The charity is very grateful for this continued welcoming and inclusive for all visitors. The charity is very grateful for this continued partnership. partnership.

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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

Trustee’s Trustee’s Annual Report and Financial Statement Annual Report and Financial Statement - - Y/E Y/E 31 Jan 2025 31 Jan 2025

In summary, this has been a year of achievement and transition. The Walthamstow Pumphouse Museum concludes its In summary, this has been a year of achievement and transition. The Walthamstow Pumphouse Museum concludes its final final year as an independent charity in a strong position, marked by record visitor numbers, and renewed governance. year as an independent charity in a strong position, marked by record visitor numbers, and renewed governance. The The new, combined organisati new, combined organisation on is well placed to build on these foundations and continue its work with confidence is well placed to build on these foundations and continue its work with confidence and purpose. and purpose.

Public Benefit Public Benefit

Public Benefit Public Benefit

The The museum is open to the public every museum is open to the public every Tuesday, Tuesday, Thursday Thursday Sunday Sunday in addition to private tours by schools and touring in addition to private tours by schools and touring groups. groups. Visits Visits by school groups adult clubs and societies can be made by arrangement on a weekday. The opening by school groups adult clubs and societies can be made by arrangement on a weekday. The opening hours are currently restricted by the limited availability of volunteers to show people around. When further work has hours are currently restricted by the limited availability of volunteers to show people around. When further work has been done to complete the displays been done to complete the displays, , it will be possible to make visitors less dependent on staff for information, and it will be possible to make visitors less dependent on staff for information, and thereby thereby to use the to use them m when when available available to to increase the opening hours. Because of the free entry and the welcoming nature increase the opening hours. Because of the free entry and the welcoming nature of the staff many visitors come quite regularly. The co of the staff many visitors come quite regularly. The contribution ntribution of the museum to the of the museum to the local community local community is recognised is recognised by the local council. by the local council.

Investment Policy Investment Policy

All All the museum's money is either kept in the form of cash or in the current bank account. the museum's money is either kept in the form of cash or in the current bank account. I It t has no long has no long-term -term financial financial investments. investments.

Reserves Policy Reserves Policy

Reserves Policy Reserves Policy

The The Museum currently has a reserves policy of £10,000. Museum currently has a reserves policy of £10,000.

Structure, Governance and Management Structure, Governance and Management

Governing Document Governing Document

The The Charity is constituted as a Charitable Incorporated Organisation (CIO) Charity is constituted as a Charitable Incorporated Organisation (CIO) and governed by its CIO Constitution. and governed by its ClO Constitution.

T Trustee rustee selection selection

T Trustee rustee selection selection

The The members appoint the trustees at the annual general meeting. Nominations can be made by the Board or by members appoint the trustees at the annual general meeting. Nominations can be made by the Board or by individual members. The Board seeks to find new trustees who can bring qualities to the Board not currently possessed individual members. The Board seeks to find new trustees who can bring qualities to the Board not currently possessed by the current membership of th by the current membership of the e Board. The Trustees appoint one of their number to be the chairman for the Board. The Trustees appoint one of their number to be the chairman for the following following year and to make such other appointments to specific posts as they think fit. year and to make such other appointments to specific posts as they think fit.

Organisational structure Organisational structure

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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

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||||||||| |---|---|---|---|---|---|---|---| |2025|2025| |£| |Incoming Resources|Incoming|Resources| |Supperclub (Legacy)|Supperclub|(Legacy)|-|-| |Supperclub Contributions|Supperclub|Contributions|-|-| |Retail Sales|Retail|Sales|11,968|11,968| |Location Hire|Location|Hire|-|-| |Tool|Tool House Ticket Sales|House|Ticket|Sales|9,376|9,376| |Tool|Tool House Pass Sales|House|Pass|Sales|20|20| |Tool|Tool House Events|House|Events|300|300| |Tool|Tool House Gift Card Sales|House|Gift|Card|Sales|50|50| |Other Sales|Other|Sales|180|180| |Card Donations (Visitors)|Card|Donations|(Visitors)|6,289|6,289| |Cash Donations (Visitors)|Cash|Donations|(Visitors)|2,177|2,177| |Easy Fundraising|Easy|Fundraising|48|48| |Donations|Donations|680|680| |Donations (Gift Aidable)|Donations|(Gift|Aidable)|8,160|8,160| |Cash Back|Cash|Back|311|311| |Gift Aid|Gift|Aid|4,199|4,199| |Grants|Grants|12,892|12,892| |Stripe Fees Reimbursement|Stripe|Fees|Reimbursement|3|3| |Amazon|Amazon Smile Donations|Smile|Donations|-|-| |Special Events|Special|Events|696|696| |Donations from Associated Charity|Donations|from|Associated|Charity|20,603|20,603| |Donations Received from Trading Subsidiary|Donations|Received|from|Trading|Subsidiary|94,506|94,506| |Total|Total Incoming Resources|Incoming|Resources|172,458|172,458|

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||| |---|---| |2,204|2,204| |775|775| |1,319|1,319| |2,120|2,120|

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2025
2025
2025
Tool House Expenses
Tool House Expenses
149
149
Tool House Consumables
Tool House Consumables
89
89
Cloud & Software Subscriptions
Cloud & Software Subscriptions
4,073
4,073
Insurance
Insurance
1,898
1,898
Tax & Import Duty
Tax & Import Duty
200
200
Loyverse Discounts
Loyverse Discounts
1,077
1,077
Consulting
Consulting
-
-
Legal Expenses
Legal Expenses
11,974
11,974
Bank Fees
Bank Fees
27
27
Telephone & Internet
Telephone & Internet
1,807
1,807
Play Equipment
Play Equipment
-
-
Waste Collection
Waste Collection
2,679
2,679
Water & Electricity
Water & Electricity
988
988
Website
Website
520
520
Office Equipment & Stationery
Office Equipment & Stationery
178
178
Business Rates
Business Rates
200
200
Retail Services
Retail Services
-
-
Card Transaction Fees (Retail)
Card Transaction Fees (Retail)
134
134
Accountancy, Payroll & Independent Examination Fees
Accountancy, Payroll & Independent Examination Fees
2,406
2,406
Gross Staff Salaries
Gross Staff Salaries
31,917
31,917
Pension Contributions
Pension Contributions
468
468
Computer Equipment (Legacy)
Computer Equipment (Legacy)
-
-
Educational Supplies
Educational Supplies
725
725
Conferences & Event Tickets
Conferences & Event Tickets
-
-
IT Software & Consumables
IT Software & Consumables
153
153
Student Expenses
Student Expenses
-
-
Travel
Travel
-
-
Staff Benefits
Staff Benefits
1,801
1,801
Technical & Maintenance Department
Technical
& Maintenance Department
-
-
Staff Training
Staff Training
-
-
Security & Access
Security & Access
-
-
Storage
Storage
-
-
Tools
Tools
1,706
1,706
Tools (Consumables)
Tools (Consumables)
132
132
Fuel
Fuel
213
213
Fundraising Expenses
Fundraising Expenses
-
-
Radio and Comms Systems
Radio and Comms Systems
490
490
Transportation & Lifting
Transportation & Lifting
920
920
Fire Station Expenses
FireStationExpenses
-
-
600
600

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||||||||| |---|---|---|---|---|---|---|---| |2025|2025| |Postage, Freight & Courier|Postage,|Freight|&|Courier|32|32| |Engineering Supplies|Engineering|Supplies|425|425| |Building Supplies|Building|Supplies|2,876|2,876| |IT Supplies|IT|Supplies|5,463|5,463| |Building Maintenance|Building|Maintenance|21|21| |Building Materials (Legacy)|Building|Materials|(Legacy)|-|-| |General Supplies|General|Supplies|688|688| |Compliance & Health & Safety|Compliance|&|Health|&|Safety|89|89| |Shop Equipment & Furniture|Shop|Equipment|&|Furniture|28|28| |Stationary Engines|Stationary|Engines|18|18| |Cleaning|Cleaning|1,356|1,356| |Cleaning Supplies|Cleaning|Supplies|309|309| |Advertising|Advertising|3,975|3,975| |Marketing & Community Engagement|Marketing|&|Community|Engagement|7,570|7,970| |Membership Subscriptions|Membership|Subscriptions|271|271| |Craft Activities|Craft|Activities|12|12| |Visitor|Visitor Services|Services|33|33| |Event Electrical Distribution|Event|Electrical|Distribution|25|25| |Fire, Security & Access|Fire,|Security|&|Access|7,232|7,232| |Electrical Supplies|Electrical|Supplies|1,980|1,980| |Depreciation of Tangible Fixed Assets|Depreciation|of Tangible|Fixed|Assets|20,928|20,928| |Historical Research|Historical|Research|60|60|

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||| |---|---| |5,222|5,222| |9,661|9,661| |508|508| |1,528|1,528| |2,063|2,063| |145,748|145,748| |26,710|26,710|

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2025 2025
2025
2025
£
£
Tangible Fixed Assets
Tangible Fixed Assets
Equipment
Equipment
30,262
30,262
30,262
Current Assets
Current Assets
Trade Debtors
Trade Debtors
21,124
21,124
21,124
Accrued Income from Trading Subsidiary
Accrued Income from Trading Subsidiary
25,088
25,088
25,088
Cash & Bank Balances
Cash & Bank Balances
10,966
10,966
10,966
Current Liabilities
Current Liabilities
Overdrawn Balances
Overdrawn Balances
-
-
-
Trade Creditors
Trade Creditors
120
120
120
Social Security Liabilities
Social Security Liabilities
282
282
282
Pension Contributions Payable
Pension Contributions Payable
91
91
Accruals
Accruals
1,620
1,620
1,620
Inter
-
Organisation Account with Trading Subsidiary
Inter-Organisation Account with Trading Subsidiary
-
-
-
Net Current Assets
Net Current Assets
55,065
55,065
55,065
Net Assets
Net Assets
85,327
85,327
Charity's Reserves
Charity's Reserves
Unrestricted Funds
Unrestricted Funds
85,327
85,327
85,327
85,327
85,327

Trustee’s Trustee’s Annual Report and Financial Statement Annual Report and Financial Statement - - Y/E Y/E 31 Jan 2025 31 Jan 2025

Audit Audit Exemption Disclosure Exemption Disclosure

For the year ending 31 For the year ending 31* st January January 202 2025, 5, the the charity, which is also a charitable incorporated organisation, was entitled to charity, which is also a charitable incorporated organisation, was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The trustees have exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The trustees have not required the charity to obtain an audit of its accounts not required the charity to obtain an audit of its accounts for for the year in question in accordance with section 476. The the year in question in accordance with section 476. The trustees trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in records and the preparation of accounts. These accounts have been prepared in accordance with the provisions accordance with the provisions applicable to companies subject to the small companies’ regime. applicable to companies subject to the small companies’ regime.

Name: Mrs. Maureen Blunden Name: Mrs. Maureen Blunden Date: 2 Date: 28/11/2025 8/11/2025

Signed: ______ Signed: —§————— _

Signed on Behalf of The Trustees. Signed on Behalf of The Trustees.

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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

1. 1. Accounting Accounting Policies Policies

A. A. Heritage Assets Heritage Assets

B. B. Other Tangible Assets Other Tangible

C. C. Fund Accounting Fund Accounting

D. D. Incoming Resources Incoming Resources

2. 2. Donations by Visitors Donations by Visitors

3. 3. Friends of The Pumphouse et al. Friends of The Pumphouse et

  1. 4. Tangible Tangible Fixed Assets Fixed Assets

Trustee’s Trustee’s Annual Report and Financial Statement Annual Report and Financial Statement - - Y/E Y/E 31 Jan 2025 31 Jan 2025

Trustees’ Approval Trustees’ Approval

Name: Mrs. Maureen Blunden Name: Mrs. Maureen Blunden Date: 2 Date: 28/11/2025 8/11/2025

;

LS ~ Signed: ______ Signed: * OO

Signed on Behalf of The Trustees. Signed on Behalf of The Trustees.

……

End of report End of report

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Walthamstow Walthamstow Pumphouse Museum Pumphouse Museum

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees

Charity Name WALTHAMSTOW PUMPHOUSE MUSEUM

On accounts for the year 31 January 2025 Charity no 1104509 ended (if any) Set out on pages 7 to 14 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2025.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 28.11.2025 Signed: ~~a~~ Name: Daniel Cooper Relevant professional Chartered Certified Accountant with Appropriate Experience qualification(s) or body (if any): Address: Havard & Associates, Suite 1, Concept House, 23 Billet Lane, RM11 1XP

Oct 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

2

IER