2021-12-31-accounts - Kew Bridge Engines Trust And Water Supply Museum Limited

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Page No.
1-4	Report ofthe Trustees
5-8	Report ofthe Independent Auditors
	Consolidated Statement ofFinancial Activities
10	Consolidated Balance Sheet
	Company Balance Sheet
12-18	Notes to the Financial Statements

			F	OR THE YE	AR ENDED	31DECEMB	ER 2021	ER 2021
				Unrestricted	Trading	Designated	Restricted		Total	Total
				funds	subsidiary	funds	funds		2021	2020
Incoming Resources
Donations bequests and	grants			111,419			122,936		234,355	275,531
Membership				4,670					4,670	4,805
Rents receivable				88,674					88,674	69,523
Admissions				58,795					58,795	34,825
Gift-aid on season tickets				8,868					8,868	7,103
Trading subsidiary
Shop sales					8,884				8,884	5,096
Sitek function services					5,940				5,940	7,598
Engineering sales					250				250	1,459
Interest received									9	10
Insurance claims										26,520
SMP recovery				6,618					6,618
Total Incoming Resources				279,053	15,074		122,936		417,063	432,470
Resources Expended
Direct charitable expenditure:
Restoration and upgrade			costs				29,172		29,172	43,645
Trading subsidiary:
Shop cost ofsales					4,819				4,819	3,037
Site Ec function services					717				717	765
Public opening:
Advertising k publicity				1,181	64		3,776		5,021	2,825
Site maintenance				34,093	1,842		10,961		46,896	14,697
Reopening costs				7,685	415		41,744		49,844	43,167
Gas &electricity				36,393	1,966				38,359	28,214
Cost ofgate				8,856	478		2,947		12,281	519
Other expenses:
Payroll costs				79,623	4,301		11,748		95,672	98,165
Rented property maintenance										200
Insurance				18,172	982				19,154	24,607
Business costs and	bank		charges	25,558	1,381				26,939	20,347
Rent reduction grant										9,413
ITupgrades								683	683	16,583
Depreciation				6,925	374				7,299	8,118
Bad debts					420				420
Governance costs:
Audit fees				4,901	265		960		6,126	5,356
Legal and professional		fees		171	9				180	6,930
Financial k.secretarial		fees		6,798	367		1,713		8,878	9,009
Total Resources Expended				230,356	18,400		103,704		352,460	335,597
Trading deficit ofsubsidiary				3,326	(3,326)
Net Incoming/(Outgoing)
Resources before Transfers				45,371			19,232		64,603	96,873
Transfer between funds
Fund balances brought	forward			148,232		50,711	22,789		221,732	124,859
Fund balances carried	forward			193,603		50,711	42,021		286,335	221,732

			2021		2020
		Notes
FIXEDASSETS:
Tangible assets				62,213		67,213
CURRENT ASSETS:
Stocks			6,053		7,160
Debtors		9	53,191		59,640
Cash at bank and in hand			218,412		169,215
			277,656		236,015
CREDITORS: Amounts	falling
due within one year		10	53,533		81,496
NET CURRENT ASSETS				224,]23		154,519
NET ASSETS				286,336		221,732
CAPITAL AND RESERVES:
Profit and Loss account				193,603		148,232
Restricted funds		11		42,022		22,789
Designated funds		12		50,711		50,711
				286,336		221,732

			2021	2020
		Notes
FIXEDASSETS:
Tangible assets			62,213'	67,213
Investment			100,100	100,100
			162,313	167,313
CURRENT ASSETS:
Debtors		9	165,291	169,520
Cash at bank and in hand			218,412	169,216
			383,703	338,736
CREDITORS: Amounts	falling
due within one year		10	53,533	81,496
NET CURRENT ASSETS			330,170	257,240
NET ASSETS			492,483	424,553
CAPITAL AND RESERVES
Profit and loss account of	the company		399,750	351,053
Restricted Funds		11	42,022	22,789
Designated Funds		12	50,711	50,711
			492,483	424,553

	The operating	The operating	Profit is stated after charging or	Profit is stated after charging or	crediting:
							2021	2020
	Group
	Amounts	payable to	the auditors	in respect ofaudit	services		2,925	2,925
	Depreciation						7,299	8,118
	Company						2021	2020
	Amounts	payable to	the auditors	in respect ofaudit	services		2,925	2,925
	Depreciation						7,299	8,118
4	Donations	bequests	and Grants	Designated	Restricted	Unrestricted	Total	Total
				Funds	Funds	Funds
				2021	2021	2021	2021	2020
	Public Authorities				117,925	71,014	188,939	62,291
	Private Donations				5,011	40,405	45,416	213,490
					122,936	111,419	234,355	275,781

Staff Costs and Numbers
	2021	2020
Salaries and wages	94,888	94,882
Social security costs	784	3,283
	95,672	98,165

	Leasehold ~ro ert	Steam locomotive	Plant and ~h	Furniture & ~Btti t	Computer ~ei et	C/f
				E	E
COST.
At 1 January 2021	82,399	58,512	33,794	44,397	22,831	241,933
Additions				2,299		2,299
At 31 December 2021	82,399	58,512	33,794	46,696	22,831	244,232
DEPRECIATION:
At 1 January 2021	70,445	22,752	27,947	35,165	22,831	179,140
Charge for year	1,300	1,952	1,816	2,231		7,299
At 31 December 2021	71,745	24,704	29,763	37,396	22,831	186,439
NET BOOK VALUE:
At 31 December 2021	10,654	33,808	4,031	9,300		57,793
At 31 December 2020	11,954	35,760	5,847	9,232		62,793
		Heritage
	B/fwd	Asset	Total
COST:
At 1 January 2021	241,933	4,420	246,353
Additions	2,299		2,299
At 31December 2021	244,232	4,420	248,652
DEPRECIATION:
At 1 January 2021	179,140		179,140
Charge for year	7,299		7,299
At 31 December 2021	186,439		186,439
NET BOOK VALUE:
At 31December 2021	57,793	4,420	62,213
At 31 December 2020	62,793	4,420	67,213

Fixed Asset Investments - Company
	Group
	Undertaking
Cost
At 1 January 2021 and 31 December 2021	100,100
Net BookValue
At 31December 2021	100,100
At 31 December 2020	100,100

			Country of
			Registration	(or							Net Deficit
			Incorporation)		Class	Proportion	Nature of			Total net	for the
	Name		and Operation		ofShare	Held	Business			Liabilities	Year
	Historic	Steam	England		Ordinary	100%	Trading	activities		(106047)	(3,326)
	Linuted				shares		ofthe museum		at
							Kew Bridge
							Pumping	Station
9	Debtors	- Group								2021	2020
	Trade debtors									7,436	12,969
	Other debtors									45,755	46,671
										53,191	59,640
	Debtors	- Company								2021	2020
	Amount	due from subsidiary								112,100	109,880
	Trade debtors									7,436	12,969
	Other debtors									45,755	46,671
										165,291	169,520

Amounts	falling due within	one year	2021	2020
Trade creditors			30,119	36,324
Taxes and	Social Security		4,026	3,597
Accruals			19,388	41,575
			53,533	81,496
Creditors	- Company
Amounts	falling due within	one year	2021	2020
Trade creditors			30,119	36,324
Taxes and	Social Security		4,026	3,597
Accruals			19,388	41,575
			53,533	81,496

				Balance	Grants/Income	Expenditure	Transfers	Balance
				01/01/21	Received	Incurred	between	31/12/21
							funds
Electrical Fund				4,469		(1,231)		3,238
Clegg Garden Fund				131		(131)
Collections Fund				1,570		(106)		1,475
Alister Overhaul				796		(796)
Waddon				3,436				3,436
Brentford Towers				2,665				2,665
Water Conservators				1,190				1,190
Boulton and Watt				8,532		(8,532)
South West Trains Community			Fund		15,000	(15,000)
Steam Team/National	Lottery				10,000	(8,020)		1,980
Arts Council England/Culture			Recovery		42,245	(42,245)
Fund
Boulton and Watt Model					5,000	(1,500)		3,500
Hounslow Community	Grants				7,577			7,577
Fund/Steam Team
Arts Council England/CRF3		Winter			41,192.	(22,959)		18,233
proofing
Kickstart					1,911	(3,183)		(1,272)
				22,789	122,936	(103,703)		42,022

Designated	Funds
		Balance	Income	Expenditure	Transfers	Balance.
			Received/		between
		01/01/21	Designated	incurred	funds	31/12/21
Tower fund		711				711
Closedown	costs	50,000				50,000
		50,711				50,711

Analysis	ofNe	t Assets be	tween funds
						2021	2020
			Restricted	Designated	Unrestricted	Total	Total
Tangible	fixed	assets			62,213	62,213	67,213
Current	assets		42,022	50,711	184,923	277,656	236,015
Creditors					(53,533)	(53,533)	(81,496)
			42,022	50,711	193,603	286,336	221,732