Company Nwnber No: 01820495 RegEstered charity No: 515866 WATERWORKS MUSEUM- HEREFORD IA company Lirnited by Guaranl¢e not having a share capllal} REPORT OF THE TrUSTEes AND UNAUDITED ACCOUNTS FOR THE HNANCIAL YEAR ENDEO 31 OECEMBER 2020 *Aac7GEFT' 0210912021 CfWPANIES HOUSÉ
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Conterts The Report olthe Tru$tees Ibl Chaimian'$ Sts¢tyYrt Rewt of Ihe Tnotses Twsurnrfs Report Id) io 11 12 Balan S 13 No¢e$ to ACtoUnts Post BaLqKe She8t E¥nt l¢uona¥irus1 1*17 17
the financ6al qr eTrJ8d 31 Dxember 2020 The Truses. six ol why)) ¥e alsts Cre¢rtys f¢f IPe puwoses ol Ihe ¢c¥npans Art 20Cfj. preseTrt their annual rnport wrth the ¥¢¢(wnts ¢f Ihe charity for ts finaft¢i4 y••r •ndèd 31 D•¢•mber 2020. Th& Tnjstees have opted the prOvts OF tl AccounbrwJ and ftep0th by cre$.. siaiiient of Recommended Practice applcabke to chari5 prepariry Iheir acjnts 1rdance with the FinaKHI ReF4yiry Standarf applKatk the UK and RepOf IrtLd IFRS 102). WateTh¥ths Museum. a cL¥npany ty tywant¢e {numir 0182D4951 aThJ a regksigred chanty Inumter 5158661. Th8 rngiiter8d offK k8 Watenwrks Mu58wn. Heteknd, 8rocrfny H•. Fsertford HR4 OU. Establk%hed in 1974. ts w4rWcS UuseL4n ts cwated 0$ an indeperKnt wtykiw mu$eurn and industrial archaeolcgy preservalkin socty c¢erned pnnwty. but not exdu5Ndy. with the story of Il supply of water for public consurnpn fr¢m the mK¥VthiaTh era the ¢W of Ihe ¢ntury. Based in a Grade Il. listed buing, tite Museum hrrfne to Ihe UK'S objest in-stiu wothg tiwfrexpanon eTYJino aTrJ it h•$ 0 of thB WKlfrst rnnges ol puftpry in Ihe UL These are infpreted by a cothna'on of dispw. The Museum'5 The Museum's 9031 ts mathn 15 Stabjs a5 a 5petsa&st a kn'rvJ t•UfV41 attractron Ihat bn.ry industria herit48 to Itfe through worf(ir#J ar¥J adefacts rnaCh Thi$ a¢hieved by being a rnuseum that 1$ f•mity frndty wth somett#TrJ for vorttys ofal ageg. attraclrye and accwbkn Ifmancialy. physty. arbj InlelEdul lo all grw5 swety. and O Vskd aMirj rBSow sdwk%. fvrther aTrJ hp3h8rerknath aTrJ fwthe IKeknng knar•iNJ ofvtsitorn. d lo do lh in a way Iha15UF•ts the kncal c¥mnwJThty. the regpjnal K01Y arhj bxal knJri5m privrits. The Museum's charitable purpD5e rs lo pOle put4K tereSt ttwh the dsplay of PLMPS. engine$ ond other eqU¥¥r1 of historKal intwesl connected with lh8 sup¥ of water. The Museum's co¢borts are in an actNe edtiOn PrC3raTh. rnainty (but nvt exd¥$Nelyl lor pnmary school Childrw. using ¢urrthlum led materials desvjned dehered ty eXnCed teache ojrrenty working in oduc•ton. The Museum pN4es itselin offenThg a handmn kammg experi for 81 of the Coftwnunity, (ficding sitcrfs who need scrfne fwm of aSsts1an trj enjoy ¥iyt to MLen. are by w)lunteers and. as far as prndt¢aWe. tslored to the n8eds of ¥bJMdual wsitors. The Tftss ward as a unv4ue selling pc4nt the knr. eThthu5ia5m. and tcmmitinent of its ¥nIe0. wlKh L% CUDNted upw In feedtiack. Stths of The Museum has Full stalu5 The A¢ueditststy7 Schtsne a¢kninistwed by Arts c111 En9land WW sets nat•[81 agreed $taThJ¥ts trmu8eum5 in Ihe UK Ireqtstrabon nwnter R07831. The colkcts.on rs)npr 4.3LKJ AJ ¢yrj by tre sa¥ for 26 items on bn9. The collectity)s ctymprtse artelacts archhY5 that ilLLstrate the CO. treab11, aThJ $uppty ofwater sirKe 1856, but a150 more brty over the past 0 thousaTrJ yes. On the Museum $ite there ar8 examples of all type5 of motN8 pwevlofwater wmwrvj {exc•ptari1 FThMr). ts(kn5tnSlJJwfy%w4bte¥w$Y)n Pago-1
MarlB5 aTh1 IAs, bJtzkn irths fterrsfKTr cllrpJts clts UK toWBrttre tsk4)mertOfdiinJ.l¥j wakr mechanical work If(¥n heat were 6ssential tsrraigrg wat¢rfordn"nknry and Irrgation. The Trustee$ have detenYMrd Ihal future expans of ts CO will be direct IrMf8rds coftbng aspects of the Musewn's histor sw. wrAJ lo expand the ColeCth co19 mid to late Victorian perrfxl and the earfy years of Century- the transthnal phase of t1¢01 deveknprrnt tstween beam engine5 arKI rotative steam ery1. and wzter 15 HtrU1rnIatn forthe laller haw of the bvenbeth century. Akn, to wole¢iui9 Ihe ir#Justrial hentage and kThylethJe ol de¥ekJpments in drinkirvJ water SUFpty assouated technolog5 that rnMJht olhenwse te105L This e5 enyines, pump5 and a550cÉated deTrrtes and technokgs used in edUCan81 e$laShments the past fortrainiTrJ apyentKe water eTr3eerS. Eath year Ihe Museum re(¥1 tth gwal teChTr eN4uirie5 al[ the Museums cc41ection or from people seeking adwte. TIW a re¢eNed 1h1n Ihe UK and oVeta$. Trustses en¢thJrage vi8ts from olher museums lo arn fm Ihe skths aTrJ expenence of lkneum Voknnt8e, who p05se5s often scarr ¥XFertBe in the wtorabw. owalon and rnamtsnar ofsteam. h)t aw. . internal combLk8tion er¥Jines. How the MuseLm s fithjed and membershiK suèsuwns. but oubJ noi be ab to at le1 that it does wrthtyjl the continued support it re¢eNes from printspJ bernfxtN5" Tl Southall Try1 and L>r Cymru WeL8h Water. Further detsil of rJ WOV in the 5taternents. p¥esend on pages 12 to 17 of report. The Museum has wj slaff i% whow gmrd. man•aed d q>erdted ty VcAunteets. The 9tyeming bcdy the Council of Mana98mnt. th? Thiber5 of which a thanty Tru5tee5. The dty-torfjay managerneDt of the Mm 45 detegaW ¢0 a smaler group of Trtee$ who are eknd annuty 10 serve as Direciots. who 18clIve1Y tsvetsee the ac¢Nthe5 of the muse,5 Vdunteers. The Cwnrjl ManageMeNt o appointed by ar is countabla to the Memters ol Ihe lknswm. ofwhk ther8are curreThty arLyJnd 180. The Tru$tees whts wwe Dwe¢ttys 31 De¢tr2030. 0Thl are attsde ol thi5 rwrt. arn.. Ahard Curb"s Mike HaNies Sndg Neil Alkins ¢haiThan and Corr0 S {Ww)ted 011071) Svbseqwt 10 the year er¥1 Mike Gr (Joint CW En9w) tecaft a Directy on 090212021 Ihaving kYew¢)usty beon app¢fftled a Trustee on 0110W20201. Kevin Burrm was aFwnled. •LI Derek Dlffteit Ste) d¢Mn. as a (hre¢toi both effe¢1 1(¥1)212021. Peter traton stood dthyn as a Diredor Joint Chtef Enginr on 3CW12021. Paul Alkn ' Neil Athir6 01101r20201 - Kathy BurrfAvs14)pointed 01101120201 ' Kewn Burrw5 Ioled Olffj2 ' Adiian Eyre ' Colin Hu4hes . Derek Dullett Ilater re$1 OW20211 ' Jdl JaL*son VK+Charl ' Irrtky Marb'n IrEpf•5entilg thy CymnJ 1th15h Water) ' Keth ' BvioTh Nekon ' Brian Pew50n Three Trustee5 Sto•J dcwn in 2020." David Smilh12PAC6R20201 •J Brian P+arnon and Alex Rw127107120201. Sincè the finanual year end. Richa Glasspoole wa5 appointed a ToJ5tee on 08103r2021. Trre arp cuff 18 Trustee5131.12.2020.. 18 TDJsteesl. Effarts are bwrvj mad• k) to fil Iwo uJTrentva¢•rti85 in 2021. Pw2
to th• extraordinary ar0jrns1an clth8 co13¥11uS PaTrkn% Ihe C¢)uwl of Manapmenl rnut on orty occasons in 2020. Priorto Ihe Pandeffl. Trustee5 had in addth.on atteTrJed a strategy event in Januzry 202CS. The Truslees ha¥9 rnade ts foltrir aPptr, whK haw ien n1 for the finaal year J•nuary to Rej Pm?untanl Thome & Co.. 1 St Marf5 Slrv•t. Ross-NW. HwEfvrt5h"r• HR9 5HT 8•er$ H$ Bank pk. 35 TMI. Hereford HR1 2AQ Sc4Krtors Lamte Cmr. YKJ7 P4Kl9e Slrtet. HR4 kma Th¢ mn business as usual risk$ rnanaged ty Ihe Councl of mawg81 arF tyycal ofary smal, iThlepend•nlty fvrwjed andy1hty volunleer wn ¢hanty. TPY pnrKipalty speak lo.. (#) Th8 sustainatslty ol the fBWJrtes ayarfable to lkneL•m. t¢th loperalb)nal buthjet and gr1 fiJnding for projects) and nofvfihantsal (the su¢¢es$hw. IDme. ¢apa¢ty a1 skab aThJ ¢¥enenco of the Volunteer5. Trustee5 and DYectO who operate the Mu5eufflI." Ibl Th8 health, safety, aTrJ PIte9 of Vduntew5. and 1$ of the NJseums see& and contractus aThJ olhw5 who w5bt Ihe wte. and espe• the 5afeguanlw8 of ¢htreA and viJlneroL42 a¢Jtts.' and 1¢) Keewrvj to dale wilh tharvJir¥J LK aThJ rnguLqtion5 KI the standards 019 pracbce eNperted of an The Cirtwnslanos ol ts colaA& Pandem in 20 lJ trj 8 fuTrJarTreThtal re¥ and re5tstemenl of all risk. A statemefit of risk asSessnI arisir¥J as a rgsLdt oftr pandeffl o publicty a¥atsb on Ihe Museum websrt8. Trusle•5 arry (OTlanty aware of ofmanagry al ol Ihe at lisks wih¢¥Jt 51Wrt of paid an managed.
Ftn ' l Reseffts Po Tntsiees a requir&1 lo hokl 9eneral reseffts at 8 le tc provKle tl Musaurn wilh adequzte financial stsbility an(1 the Means for rt to meet ts Chall PuSe5 for Icffeseeabk fiJiure. Genefal reserves must the1¢ be rnainlained at a wjuivaknt to not tr)an 15 NK)nths bas¢ werabonal expendrtuR. The TnJ5188s have set the reser¥e$ al th 18¥el having regard to Ihe M(1M'S fvTrJing $tream$ and naturÈ of rts OFra"OnS li.e., that the Meum k% operaled ar%1 gowned sokty by VUnr$ and 6 opgn to ts plkn1 as sitor aTra¢b"on w a maxinum 0170 days a yea¢. the th.hty of the Museum lo expand or r income StreS. Tntstees reguiaty miew the I8 of rpser¥es that roquNed tc+ ensu that tlw are •equal8 lo full th• MUS•.5 rwknuing obh3•1th The Tru5te•s arv r•spcns1• for ensuriry Ihot the MLtsethi has a thar strategy, thal it remain5 t to it5 vk4ion, and that it compls wilh necessary and gaI ObhJatio. They a150 ensure that the h•$ th polioes. c¢ntroL% and olherdo¢mnts that mirnnw the that the ¢fvanty may encounter. The TNstets'. Establish systems and trO[S to rritlwJaie the thThlrfd. aTrJ IMpt pc4Ths prDC8dU ¢Je$Vi to min¥mtse any wtentsal irnpaci on th? charity ShOj a materialse. K•y risks h¥5 t¢en previousty 11escrbed on 3. Prin colection. whKh shouh4 be opwt io ebyryone regard of resbjence or personal ¢i1M$neeS. The Mus¢um tsetr a Tr4afuèJ Wning rewjrce for schools, being altr4dr0 and accessible to all grjPS in sty. and a5 a fwr¥ly fr[eI Museum and 5110r4roC4l0ft in e¥ery sense. themes and priorfts lor thè VeloFt of the cokctioft". Ihe Care Sets a framewo for the preservatKn of the coleCti and buihjings ihe tart of IhE Musewn. the eonservats.oft of the C0CtiOnS (preventabve and Ten01) and the sale use of a¢3 to the cole("S.. and ensure5 Ihat infomab'on I] at#>A th? lJEwn's is as c¢ynt. a¢¢uratg, wurg accessibk as possible. of $tOrS, member5. Volunteer5, contractor5 and the pthK. aTrl the deswtrs measLwes de5yned 10 Safegua thldren wlrwabk people. Thrixwjh an E the Mu58um 15 commrtted to elminabng all fonns of dracrirnination, vKtwni5ath?n arJ harassment. and to prtotin9 equalty ol OFPortty. OTHER.. The Env COV8r5 ihe natural. bJlL e¢onomK swal enwrorwnent of Museum and the i C4)ws TrLk8t¢¢'$ WmninI to protecting the privacy and the $1ondards irwJihJuals can 8XFCt the Musewn to maintain wtth regard to any F•tsonal iftfomiation il hokts. nlal S
TRUSTÉES, REP RT 2020 was a year like no other due to Ihe ryad of tr Crris ICovil.191 pandemic. to rwnembered- and mosify for al the wrory reasons. But I want to stort ttms wrt on an optimisix footing bUSe. although the WateMoths Myse may have been ¢Yosed $e 13 Marth 2020. have muc to IrJk forward to. I base my ¢ptimism on the fokning lactorn". r lunteerS wired togelher k5fyear irb a way Ihat dertTh)nstrated why'¢tynmunty spirif has been at the core th8 Museum'5 success and grrwth o%pr Ih8 past 20 yeats. It as that kn see vokjnteer efforts to Ir out le each otherdurirJ pericd& of kkd aTrJ, forsome. Bola1. The ingenwty. cornmrfment, aTrJ effort of vobJnteer% who trk on resp0bty for preparing Ihe W8teThwork5 IAuseym for has been tr¢mendws. Not onty whl tr Museum rwn in 2021 m a ¢wd-19 safe way, bui the ¢hanges m•le latsj $b"I bew madel in to Ihe Pandem 11 give th& Trustees a platform lo delNer an Mmproved ¥isitorexpwrnc¢ and. Ihr¢ugh the adopbon of ¥ ¥e busYss model. a mwe $u$tainab mustll in the years ahead. The enforced cWJsurE of Ihe Walen¥owks Museum k¥ovthd space for a nurthr of impmbrtts to be made. The5• in1•d a major upJat• of the Mu5ew s bste and the d•¥eh)pment a cohe5Ne approa¢h to using 50oal med to ew th member5. yJIE8rs. supporter5. and ihe pu. s0 renewed the lenon9 around Ihe mly car pa at the rnar of the whtch ihe of a laryer entrance ga to facdrtaie drfferBnt uses ofthat area ol kTrJ. wlith we pkn to d8¥foruse for ¢Id00rats aTra FérfOThna. Our main Berthtws. Ihe Soulhal TnJS1 aTrJ r Cymru Welsh V¥ar, ha4 supported Ihe wa0[$ Museum sirKe It was fouThJed in 1974 but rarety has that sw be more valuabl8 thBD L451 year. This has mant that Ihe Museum ha5 SUffed $5 ba the knr¥J4enn fifiala1 harn detrwnert •¥pewd by 50 many small charities duiing the ¢ovhJ.19 pandern. The Mwm'$ reserves ha been deete and wll take bme to leni8h. i1 ourloundotsms r•m•n strrry Last 8Utumn. wrnted Glo%er as Jjmt Clwfjf and Safety Offiw COMM a search lo a nw4 Joint Chf Engineer to Sceed Peter Heaton. The sIrate9 to a'ioinf ro recognised that Ihe fesponsib¢A"IEs and tsme demaTrJs of Ihe ro had 9rtrn svJn¢ficanty o%r the past 10 years aThY were t much to expect fvom a $g Unteer. Me. was olre•Jy a trnstee. was apwnled a ithrector at the sa ty"me. Thanknjlty. Peter Hea. wll Sh step dtyn as L engrr after o¥er 20 years In Ihe ro]e, will rernain an actNe Ydunteer $0 vast ¢XPenen wil be of benefil to Ihe frectors. In Math 2020, Jil Phllw .Mdty aweed to lake on >Y¢knn•l respMsknffj as my Chaw. Thwe were also chan9es in the rnernbershw the coun ef Managanent Lfjst >ar aTrJ I mt especty thk ex-Director Br Pewson. who siDvd d¢)wn as a Trttee July 2020 after ten years, antt th Rfme who completed hi8 $tudfj8s in Hereford and st as our f¥st Youlh Trlee 0 in July 2020. Since Ihe finanL?al year end, in February 2021 Oer•k rffttt (who serned many yars as frk)norary Treasurer) stc)d as both as Twsiee and Dirrftor. Each has made a he contrtsjbon 10 Ihe suc¢ess of the WateA¥orf¢s MusLn and Ihr expernts be rni$8ed ar¢und the Tntstee tth. Since tr year end. * have apwthd one new fntstee I1chard afid pro9w had be madg 10 r•trL¥I t•0 $JIlK tr of2021. Richard Cuiffj$ BEFORE THE PANCEMIC Cowd-19 was not th8 onty orthn Ihe fnt chry• Ihe 1OlalJnvorts %J$turn l•t•J bst year. In Fetyry 2020. Hereford 8xperTenc8d worst e¥ent of IxIng fTom the river W in oveT 120 years. Th? Museum ground$ and the basfftnt areas ol some ol wr majcrf exhibts were Undated arbd lknd water ertte our Workshep for the second b.me in kss than 12 mnths. H(Me¥r. firK#J ftsk mitsgation plans worked well 5uth Ihat when flood water had receded tre dam•Je was reiatsvety mmor and the aniThJ up eXeIse tfrJk only a matter of days effotl. elhdess, inrtt le$$ons wwe kam¢d. IMPACT OF RESPONSE TO TrE PANDEIIIC After a su¢¢essfiA yea¥ in 2019, TnJstee5 had a lull of thents for 2020 but this was cotelY negated when the Museum dosed its dcus 13 March 2020 as a rn5utt of the Coronawrus (Cow 191 pandernic. Oirectofs took the earty dects io dose tecwse of the sunftlcant nurnber ol ¥UnteerS and I rarge prwrbon ofvoilm who mKJhl be parn¢ulaty vthrab12 to Cowd-19 infecon. and mSe dKt nol open to the pthhc in 203]. P•Jtr5
The Watwrks Museum has or cCe tefoTr for sh a kng pe, in 200>05, when the Mu&8um'5 VISitor centre was tJrt znd essential repars made to its Grade Il" knsted WKtcfflan buikjiry and chimney. That Signrfant event wa$ the ratstysl for the grrywth of tt Museum Ihat we have seen we have over Ihe past 15 yeats. Trustees ikn thai the swrfKanl lin9 fflat rvspons lo CovbJ-19 pandemK atso actto spur the Museum lomfa into a [ Fenoj ofgffjwth. During the of ihe Covi19 fockdcwn wi5ts to Ihe Mwum srte were limrted to Iwo ¥OnIterS making weekty safety inspecbon of Ihe Museum and srfe aTrJ a lortntghty rnanual'lurning. of the main engine5 to pwnl them Seizing up and suifenr#J a¥c¥dat4e hami. In Ihis FencJ tlwtors pnoritssed maintaining regUr contact with the Museum's c4YmuThty of ¥OALeS ways lo en9•)e wrth past and lubjre sitor8 and Iff¥1r remote access to Ihe o)Ileuths. This Start ith a revamp Museum websrte l and duded an acti¥ proyramme of sorial media w#9ment arn1 evan15. Th¢ indyded a vYlu Skampunk Fesbval %vhi weached 15.( p¢opk o¥er tso days ai thg eryj of 2020. A serie5 of weekty WaterwothsCod TrJats. short ¢0 of engm5 arKI arvj uNsual of th• hseUm.$ cokth'on. also oved to te extremety kw4NJlar. Imen th8 nats'onal hxkdtrxrt wa5 eased. kJseum Iwl b8vn lts)rouglty deansod aTh1 ents PPE (pewn and proiectwe equipwentl had been purth•5ed. it wa5 P05Stle a small core learn ofvdunteeT5 to meet weekly to plan for a rewirvj of the MLwuffl. 11 was imrn8dkilety obOlL5 Ihat th15 could noi h8n quithty. Thè Museurn's coHeclkW Is latgely I in a b119 wilh corTrJoT5. on a small site with many areas of p¢Jtenlial boiueneck. whKh WoUj have made lev81 of di%tartuig problat. IndJed in the Mu5eurn's wsrtor crth e5PEualty In the cpt to4et Xated in part ol the Listed building. wthich meant thal opkns for struciural tharges to irnpyove facb&s In ts (rrent location werv limrted. After 10 weeks of F4aMiry and at al the opb)n5 a scheme wa5 kn8d lor z safe rowening of tt WaierwoTk5 Muse. This wtyJlJ Invo rethaiing the tot blxk to wother part of the visitor Wtre and to reate a new enty from ts ¥it0r nITe to the Soulhall engine galkry. whKh wouhj alkjw for the ueatson ol a or-way mute wisitor5 to tcMJr Ihe Vthian wTh¥orts. ot ts calrt lor ¢ge and a 51nJciwal reccffif¥uration of visitor certh. A chang8 in the kyoth of the vtsitor ntrO had been •yeed ty Truslaes as a Iow5 r the Fornvard Plan for 2021-2025. to UEale a educalhxlrnEeting facdty rnore a¢irthe for extemal hiE. Thi5 was to means of genefabng rw Miccffle to make the ¢ygantsab"on more firyancjafy suslainabfe as an independent ffluseurn. The Director led prqect lezm therefore $04b3ht lo corn8 these siralegK 04'eciNes in p&nning 8 way fward. Phase 1. 3nd Ihe Thrnediale prhyty. was to $tal byger faulths, whith would allow the old to1 to be teneficialty converted to an ots aTrJ repIlOTh desk. aTrJ lo create the rtsw entry to the Southall Engin& calry. Phase 2. some of whKh woukj be delNered akngside Phase 1 for reason5 of effKteTrcy and Sconomy. WOU 588 Ihe Museum"s kilchWCalè IrM)J to another area ol the ntre al the ¢rtraon ofan tOSed educabcrneetrrt9 rocrfn with break out aa In place of the exk4try.open phn. fa¢ility. The funding for Ihe described phase-1 was securBd in Soptember 2W20. 15 reported the r¥t58¢b b¢ltr. The underfying elhos of the WateNiorks muse required that volun1ee WOU undert8 ar contrd a5 much of this w¢Jth as possie. tMJt rt sc•Jn te¢a ¢bwous Ihal ts 5LVWt of speualist Contra0 wouhj also be requwed. By end of 2020. a smal 'bubbk' Voluntee le¢J by Oeputy Chf Engineer. Mike Glover, had subslaTht31ty cted Il work to te dor by Intern tearn. loikl bbck had been moved. a office had teen created and large ernets of assoriated phase11 wort Ir£ting the Museum's kitthn and café) had so been substantialty £ted. HeVer. WDgrESS M contrxtor led weth was delayed by 5tsffing and 5uFpty than problerns associated wlh Ihe extended FefK4Js of CovJ-19 bxdrthn 11se ements of the project will delay Ihe planned reoFeThng of the Wateworks unll later in 2021. FINANCIAL IMPACT OF THE PANDEMIC AND FUNDfNG FOR IMPROVEMENTS Bein9 run wholty by vdunteers. no Pa staff and relativety f fixed overheads. meant that the d05ure of the Waterworks Museum in March 2020 was effect a'molhballir¥J' of all activi$. La$t year. we rEcaiv8d Joss than 10% of nomal vi&lor numbers aThJ al wsits were duiin9 tre qut nter month$ b&fore our prcJramme ol famty runnirg days had Cornmeed. As a su of th6. income wa$ iu$i a fra¢bw of rts usual level. bul operat¥1 eXwrture was atso y9nth¢anty Iet. Lar9ety as a wull of the finan¢ial aTh# other support provided by thvr Cynvu IAh Water aThJ The Swthal TnJ5t. thp nèt effect ts thal th8 wate•$ Museum d not suffer the cata$trwhK impactexpurnn¢•d by many ir•Jenl mu5eurns. Tluslees were delighted. and extrenty gratefvl. when financial surport lor Ihe abo¥e-described Phase 1 work was pro¥ed by a grant Of£26.1 from the ma1 Lottery Henla9e Emergerry FuTrJ, whh Indled a for an independent re¥w of the Trustees business plan and the $Irale9 ch•n9es bng con5J•red by them. PS1Th9ty. this revw broadty enth)ed the prcyosed Chary and put fOard many useful kas fr)r fvture cons•1#0n by TNslees. Ottw aspects •ftt mm.5 r•sp¢ns• to tre C19 pandemic wre funde4 Irom a 9ovemrne•t Smal Bu$w5 Grant dk%trtuted th 41ri12020 v* HerBlordsre Councrf and the MuseLWM'S finoncial Ttseffts.
Furtlwr in1M¥bon oflhe financi inpacl ofthe Pa[ i5 wowJ•J li tre Firla1 Rwrten pa9e Y bel¢w. ENGINEERING The Strateg to a knt cEr#ter1Tr auhjnn 2019 tss atready to a even spread of perab'onal responsibe$ equawy iftwrtant rt 199nrfwty enharKe of robuslne55 of our operatsonal and safety atran9eftwts. Ths s doubty so tecause the vasl exper of Peter will rwnain a¥adaty to nt Chrfengirthrs for. hope. some cans¥Jerabk time ah&•l. As A resurt ol Ihe CovAF19 ¥olthts from att8TrJw¥J thp Wthrworts Museum fr)r most of the ye8r. $0 lrttle prrwss was on rnaior mairtsnarfe or $tOrat prc. 8ut were ex)n$.. The COVed 6p1aY for Ihe Sissons cross COMPOWKI 51Thv speéd UBYu¢til set has been cofflpted and rt s hoped that Ihis engin8 58t can be instaled aTrJ that a w exbit 11 be adY for aUgurat in 2021. Work also contwiued PpanTh tham ro>rolw'Emrna' for (sSeMb 3ThJ e¥nal on * now a ofthe Museum •)d winter repair5 re akn mad8 b) Emrna5 Li¥irg Van. Sa¥e for these prqvcts. wryk w05 perfo lo dtsrt•r9e resp$fOties the annual inspection and stafvlthy t•Sbry of the bty'ler Volunteers, engineeriTrJ skill oweiien Tmere hu9ety benefick?I In prepanng the WateTh¥oths Museum for re-openirrfJ when (wrnstar¢S pemii thantage was though taken during this relatity period to the ordsht Whjlrfe Trust to kk hdi5ticalty at the habitat and odivetssty of tand by the Museum. whKh wll fijther Smtys in sprirs 2021 and to th8 HEALTH, SAFETY, WELFRE AND TR4JNWG There wer¢ reportabl8 salety irK•e5 in 2020. Thè aryi¥al Cwa¥ink8 pandemic caled for a reassessment of all the Museums ¢peratiOr praaKts and thè debkpnenl ol a [k MgatIOn plan addrEssing CovKJ-19. whth avartab on Ihe Museurn's website. Dwe¢tys' assessrnenl ol the risk to the lalth and well-teirYJ ol voJntews ¥isiltyS was suffiienty hh to deEJe to cl)5e ihe Watvrwoths Musewn in M¥¢h 2020. ten days th¢ gh)Ntmment annotsrKernenl ol a naknal h)ckd¢ywn. This appropriai¥ty cautious approach cjjntinues to be apF4d when a55055iry Ihe tmeiabk lor a public repeThng of Ihe Myseum. COLLECnCW ANO ARCHWE There were onty a sm811 number of addrfs to the Museum's coll8CtiM$ durin9 the reporting year. Thgse re smal rterns ol paper arKI ephwwa to pubkwatersw)pty. dsyays at Waterworks Museum and ims in the th¢t)n$. Dis¢y$Sh otsr pjtential do[15 to Ihe Museum were SUSded for the durats.on of Ihe thjriro pefiod of do$u. addthwal infofft)akn w89 made aCCb on th? Museum's websrte about varfous a41etscts in the Museurn's coleCti and Voluntee in the Arthrwe Room atso pro¥thJ engineering and reSeah and support to thr•• UK ri• ¢)ryanisaiior6. EOUCATION. RESEARCH AND COMhThifY ENGAGEMENT Onty three pn'mary schooL wwe abbe to brysil IAwrks uTrJer the partnership wth [r Cym We15h Water before the Museum dosed sn Marth 2020 and tre &jU¢at prc#3ramme was 5115pended. However. tgacing materia15 wovided ty bae Museum continuY to be Ity a¥adab from the Waterworf(5 Museum The rtieetiro and c¥Jrtlew¢e fatshty tery ¥e10 * the Museum wll prDvth fresh cwortunity lor muTrity eryagerreTht. as our goal i5 fo the Musown'$ ¢arrtat ctiectsves io rrwke a reasonable Prop110 of 0k1j 5knts aCsSth forbxal cornmurwty aThl chanty Py7
In Ihe sprirvj of 2020, a lenc• wa5 itaI?d avound TraON car parf¢ ai Ihe rear d the Waterworks Musewn. which not just enharKe the ¥i5ual afftsnty of the Muwjm. Thts 1mpro%wnt wa$ drn by tAodots' desire 10 inslal a larger gatay lo iruease the ze of ¥ehides that could gan acces5 to the meadow. whith w8 tdieve win open Ihts space l¢r new Ltses ond. in partKular lis w lor cornmunity e¥ents, outdoor performance and entertainmenl. The poteniol for IhL% was first shwn durir¥J Ihe HerefNd Steampunk Festival in 2017, when Ihe meadow was used lorth881D9 F•rtr¥manc¢. REGULATION AND CCrt41PLWE The ¢late for Ihe 2021 Annual Genefal MeeliThJ IAGMI has yet to be ar¥w)u. Al resLILrtmS * this me?tVl9 be rnalre of roubne b1r. thal $ to approve 2020 Trustees Rewt aTrJ Ac£ounts and resolutions f¢r Ihe Annu re•appomlmentof each of the Trustees aThJ the Reporkng Accountant Ic lfyaeperthni ExlAerI. The Corona¥fft8 pandernK s•w hO)iNj of Trasl years AGM ¢lefBwrEd frDm May to th 2020. when • socialy dK8tanced rrttts'ry was held wilh a smr nufttht of MltS than W1. The resohjts passed at thi5 m&ting al of rwtire IxJg"w. lfi last yearf$ report Tnstees Klenbfd kn c0ryjhar chalerwJes lor 2020". comp1) of the ryocess to ren the Museum'5 status as an 'acuedit8d Js8. and tre arwval of a Forord Plan lor penod 2021 to 2025. TN$tee$ also ad1ntrwed that during the peric#J of the next Forward Plan the Mu58urn woukl reach the sl aTrnNery of its u8aln in 1974. $0 a wiod of r¢Va#)n aThJ ¥1# ol Ihe Museurn's business model and ruture o¥Nrab)rts woybj be w b"Ni. Howe, each of Ihese thalknw5 WW8 5th5tantsatyd•Wd. TftNes TMetonW the armilrnt in sp1m 2tr20 thai a5 a of th? Covi&19 pandemt. Arts C¢)uncil EThJland would be suspendiry the progran¥n for Acuedited lkneum slabjs for a year. suspension was subwuenty exleThJed lor a Iwtheryear in Febnmry 2021. P$ for 8 qUnn181 re of Ihe muse.5 slrztegic plan the ol a Plan for2021-2025 were aL%o defeThed a year. Tnjstees avn to hove ¢¢nykted Ihis pvctess in 2021 so the n1 FoNard Ptan would operate beeen Z022-2026. eNr, as preSty desrJkned above. some as¥¢ts of this were 8¢fvan in 2020 with iThaeperthnt revw of ¢he s bLtsirss mr>Jd and plans to wro¥e the overall sustainats'bty of th¢ chanty.
FINANCIAL PEPORT FOR THE FINANCIAL YEAR ENDED 3151 DECEII8ER 2020 Thss Report cobws the l2-Mclh finanual pej ended 315t Decemter 2020. The Accounts presented in thTS Report t(xnpty wlh Ihe requwemen15 of the Compan$ 2006 and Charity Commission. Foknry Ihe plac of PFW(xts yeats. nwrnii¥E that lolows refers mainty lo the In¢ome and Ewendilure account pr85wtsd on 18. Th5 tjistingythes thdaY Owrats)r M•nt•nan¢e a¢tAl"e$ frcqTr those devoted to S¢fiC Pwecl The underfw'ng patlem of actNits undertaken by the bec¥Jrne weH 851abkthed and o)nsK5tènt for many yea. but Ihis dd not hokl for 2020 io the panderni Our cash lltrw wa5 th• not consistent with the assumptron$ Oft RgseNes PolKy. as setout on pag8 4. ra operats.onal inc¢yne fel shaty. paitit4Aarty that relatèd to wsitots. was pwtially offset by reduced 6xpefidilu on iknns silch as fvel. $inc¢ r)0 exhèts We in operab. buf ts Museum has C4)nbnuiw expenses, lor Insurance. Ihat stll h•J to be mei In asjthn. the deep oftt pJr¢hase of PPE aThJ ollr na$uRs to prthci wnteerS ¢ame ofoperatv)ftal funds. Projecls fall into catego. wther i)eswJNaierf w IlestrKiert. These are COlU1 di¥n9uished in the accounts to rret Charity CrYnrnis¥M requYents. buf for reptsrbng to Mu5•Lm MernW on pa9e18 they ¥e COM.ert under'lhe 'Pr• headin9. Desgnated ProFCts we unrEstrKted and use money allocaied fr¢m Muswm funds al the discretion of frector5 who rnonitcr ea¢h project car1. Restrrted Proje¢ts draw on mDney gNen by an rhle bc# lora spaclt pP. rirtrkncaj arvj ed in xCoar the terns ofthe 9rant. Ignoring non-¢ash items IdEpfEciaiM and 5tirk IT4tftrtsi. jwtowr50% of expendrtu was woje¢i based-a sta increase from 5% in 2019. Tee 'De5unaled' prr4ects were WL¥ke¢l ¢xi to a lThited exient thjrry the yw. 'Enm'. Htr¥efordshire Countsfs slearn road-rol. housw¥J for ihe Swons Eryirn la5 the Chwl Eng•$ Reportl and thè new fenung forthe car park. The fflon frcth the Gobrnffnl'5 SrnaN 8usress Grant ar Nal)naf Lottery Herita Emergenry Fund a reslrKted and lo work5 to adapt to CworwNs aTrJ ¥tiprove tJSirnS5 resilno. as d85cthd in the chaian.5 reporL Ayhcwh the Iota Sum wa5 ewBnsed n 2020. rt ha5 been fvjll comrrNtt&J, along ¥rilh •#d.0al fvTJ$ the Kluseum'5 rese1. Conc l am pleased to report that r cash pow redu the impxi of the Pandern In 20ZO. ena9 the Museurn lo pursue its aths for Ihe foreseeable future. Thv& wouhy not ha¥e been the case wthout th8 e55enti 8UPPOrt grbn ty Ihe Museum'8 Berfactws. Members, volteers. arhj Irnds. whKh was even more vabxl thi5 year. Mlk• Harrfes Honorary Tre•sw•r P•Je-9
th• financi 1 D•cember The Ttee$ ale re5wbts for preparing an and a¢¢ounts in ac£ordarKE wth." lil appli¢8ble Chanty l•. and Iiil the Fvovisiorts of Ihe knounbrg and RepNkng by Charthes." StsteJnent of RecommeTrded prath Kable to Ch1 prepar¥ Iheir acwJnts ifi ac¢ordants ith the Finan¢i81 Reportirg Slandaryl in ts UK and Reputa¢ ol Irel¥ (FRS I2) leffeclwe 1 Jwuary 20151. Company law requi ts Tw$tees to prepare ants for exh finarKaal year Ihal gNe a true and fair w of the 5tste of ats"r5 01 the cNnpany arbj of surplus w deficit of the dnIable company for that year. In preparir¥J Ihose acInts, Trustees are vequ¥ed to.. Make Judgents and estwnates that are rtasonabk aThJ pr4thnt Prepare the acojurts on the'gory Cor. basis, unkss it is in¥prc¢Thle to F5wne ihat c¢ywry nity1 in busYs8. The Tw$lw have 0¥wl lty tor m8inlainir9 acrywntirwJ record5 which dts¢ wlh reasonabfe a¢¢urnry at any 'me Il 8JaI Pogbon of Ihe tharitab coftwany to enab ¢hern lo eUre Ihal tttg aco)unts corryty wth the Compar4es 5x6. are a150 resp$ safe9uardin9 the assets of ihe Charitab fxxfipany aTrJ for takry ffeasonlè Steps for th8 PreventK aTrJ detection offraud and other wwulaiii& The foregoity r•J)ort has been prBparBd xctydarK wkn the small conwany re9Th IS8¢bon 419121 of Ihe eaTr Act 28}. Syned on tehall ct Tnthg¥'. Q 6&ts-. Rlchard Curtls. Cc4npany Sovel 15 June 2021 Pw10
mlnerfs On un4111d aecounts forthe finaial y•ar •nd•d 31 Dec•ner 2020 I reF<)rt on Ihe accounts of Ihe thwitable ujmpany financi•l year ended 31 Dèe•mbr 2020, Ythi¢h comwse the Statemeftt of Fina Acbvtrs. the BalKe Sheet rdated note Regpe¢tive rèsponsibililrè¥ of T18t and •xamTr)v The ¢lrity,$ Twstees Is(7w are the Dire(aors for Ihe purF¥x of crmpary law} are responsible lor the preparati of the a¢xwnts. The tharit¥ Trustees that aLwJrt ts not requi for this year lunder Sth)n 144121 oftr Crib"eSl 2011 lthe 2011 P£t)l that an indwdent examinab.on quIrJ. HIng satisfied mysew that the thanty 15 Mt 9jbi1 lo aj1 under c(ryary law and 15 dwitrAe fijr indeperhyent examinatton, rt is my respcwbility to.. examine the ar£Ints un(tr SecaK)Wt 145 ))11 Ad to follow the WOcedu iqid down in the Genefal [re(.S sw ty the Charity Ctynmis'on (Lnder Seth"on 145(5llbl of Ihe 2011 Acll.. aThJ to state whetrr parriojlar matters corne to my Basls of irnlep•ndent examlnees vep My exarninats.on was camed (xrt in rth the General Llireth"ons given by Ihe Chanty Cornmission. An exarninatK)n Indudes ¥ re¥(e of acryxlnbng records kept by Ihe rthaTTty and a ¢mparig)n tsfthe accounts presented wth Ihose re. tt also iiKlu¢s considerabon of any unusu4 items or disdosures in acCnts. and seeking explanations from you as Trustees Corem1j any swh rnatters. Thè procedures undertakèn do rk)t prowde all the wderte thai L Uired in an aThJ consequW no opinKJn Is gNen as to %thether Ihe ar£ounts present a Irue and la"r vlew ' and the reFtJrt ts linrted to {e mafters set in the statsments telow. Independent exam1. statemerrt In COnntM •nth my examinalm, r•) mr has c(¥ne to my attentio whith gNes me rtssorth to b1 Iw in Y matuial r¢sFe( the re9j1Merts to keep accourtting records in Cty8 ith th and 387 01 the C¢ynpanie5 Art20C6.' w)d to prepa acownts ac4x)r¢J aCLxwnting reoxts. comply wrth thè accounting qUiTents of sttt.ons 394 and 395 of Ihe Companies Act 2( aNJ wth the methL>J5 and pnne$ ol lh8 AcccyJntirvJ and Repthng ty Charths.. Statement of Recommended Prac. aPF4icatrAe to tharitiÈs prèparing their Xtnts in ac£Ordan the Finanoal Repth"ng Standard app1Kae in the UK and Republic ol Ireland IFRS 1021 leffectre 1 January 2015) have not tréen met. to whith, in my wn1¢, attentsc sfMMdd te dra¥m in IKder to a Fwr understaThling of Ihe arUnIS to be reached. Ethlard Ri¢th¥its Tlb)me & Co. Awnuntants 1 St Mary's StwL Ross-on.We HR9 5HT 15 June 2021 P11
Ilncome arml ExPdItle Accowrtl 2020 2019 funds T{1 Total Grnnts. fees donations tivth5 for g8ner4ting fvnds Investments 48.109 428 26.100 71209 428 24.364 17.057 Totsl Incorn• Generzting hjnds Charitable obpcbTrM5 Total Expendilur• 230 37.843 Net incomelexpenditure Gross transler bets¥een lunds Nel movement In funds Tc4al furnts tmowhtforward (7,9)81 3,ts12 14I661 14,8121 3.042 {4,8661 14,6121 P•Jtr12
Asat 31 De¢ern 2020 2020 2019 R•stridd xed Itgle assets orty) Current Assets Slrxk Oebtors and pyepayments Cash at bank and in hand r<&1 ¢wvonta5901s 2.616 1618 1.775 770 Llabll cltorS falhng wrthiA ¢ne year 10 41 1,492 PrshS for haknlths 30.478 20.478 420 co 11112 UNe$lrthd Furvjs Restnaed Fufid5 61.667 61.667 69.575 7218 The chlb crrnparry 15 enbw lo ex•rybon fmm autht SeCkn 477 of tt c4mpan Act 2LbJ6 fty Ihe yearended 31 Ccwnber 2020. TP membèr5 have requved the ¢harIlab ¢orrwy 10 OtAn an awjit of its $tatwnents for Ihe year erJed 31 Decernter 2020 in a¢¢ordanre ith Secboti 476 of ts CoryanEs Act 2(K. TF¢ Trustee5 ackn the resporth'irtie5 lal eA5Umg that tr tharitab Company keeps rtC0 that ctymply wrfh Se¢bor& 386 arJ 387 ofthe Companies Ad 2C and Ibl preparing financial 51aternenls whth a and tsir of Ihe Of affairs of thar5fJbe ¢ornpany as al the of each financBI )Ear •KI cl rt5 surpts or ¢Jefitst fL¥ ea¢h firtantsal year in arcordance wth Ihe rtyuyements of secth? 394 aryl 39S and whth Othe$¢ corryAy Mlh the uirernents ol the CcffjpanEs Act 2006 relabry to stalernents. $0 far as applicablE tD the tharitabk c4mpany. These fin¢81 5taternents have prepared in accordarTh 8FecI wow5iOD5 of Part 15 Df th• S¥Jned on behalf of Ihv Tru5ts85 by." E.GG Richard Curti¥- ChaimBn 15 June 2021 P•13
Not•s to tr• Una11•d A¢¢ounls kth• fin•Ki41 Yded 31 (l•¢•mb•r 7020 Accoun Polici•s The finanoal ststennts olthv th¥rf•b ¢(mpany. rs a pubk benefiteftlrty FRS 102. ha¥e been prepwed in aecrdan¢e ith tl Ch¥tses SORP IFRS 1021 Accountin9 and Repo9 by CharitS. Slaterrnnt of Recorrrnended Practice applKatye to ¢haritie5 prepann9 their a¢counts in accordaKe wrth Ihe Financsal ReporbTrg siaTrJard applratAe ¥1 UK Reput of Iland IFRS 1021 (effective 1 January 20151.. Financial ReporbTrJ Standard 102 Tr Finanoal R•porbng Standard aFylrable in Ihe UK and Rep of Irelanrf and the Can5 Act 2(K6. Th8 finanual StaternlS have been prepared under Ihe htsiorKal cost con¥entK vUntary incc¥ne induding ¢y]rOnS. and gacs arhj grants th8t FvoNJe core fundin9 or are of general nature are cCniSed wheTr Ilve is enltknenl ¢ertainty of rEtsipt and the amount can be measured sufficNt rehthty. Suth incLYne is onty deferred hen.' The d¢)rtor sp8clS that the 9raiit or dwbom be used in lulure axounlmg Ped$.. or The d0Th has inF4)sed cc1 that must be tefore Ihe Larity has uncondirmal use. Incl Irom tradiThJ actiiths r8 reC(snj as eamed la5 th? reJ )1 aThl seites are pffjwdedl. fundiThJ Is to SFe¢ FrfomiarKe condtt¢ons recC•JnL% a5 earned la5 the rdoted good5 or seM¢es ¥e prov•l. Grant irKILthd in Ihts utegory wovths fvndirYJ to support Ferfrymonce 8th¥es and i% wnised where tre i% enlthmenl rtalIty of recewt ara the 0V1 can be rnea$Wedth Suffiaent rethaMty. Frfomances ore¥ents whth IW (dak. V lunteers and Dona eMtÉs and Facl ' The Voluntew5 invofved wilh the chaty nbS the linited ty gu¥ane. TIW SLWPtst the so Ihal it Can open to Ihe on to 70 days each year. They indude the Trustees, 'rectorS afyl Officer5. vtho pr&i"11e$. and Nteer er4Jirers who work addit81 days maintaining and weseNng the colctKsn. The Sey has no paJ staff. Further details of Ihe ¢Wtruts"on mad? ty VdunWS tan bè ltyrtl th Ihe Trustees. n1 report EMpertrjre is recrynwd when a thablty wurT•J. Cordl1 •Nan9WMrt5 and Fwfvmwnce relafod 9rant$ a iecognised a5 9ood$ and Str 4Tr $w)pld. Other grant PaynIS are recc#Jni5ed when a construthe obligaiKMI aeS ihat res1 in tt paywit tr1rj Una¥dab1l. Costs OI9rtratu ar• those costs attfo¢brg vohjntary NKO. and those curred in trading xtsvibes Ihat raise nd Chantat Incknje expenditure a550ts•ted wih tho msloratrjn mainN4n ¢1 donaled assets lea premws arKI tJth the direct costs aThJ support Costs reLqtirnJ Io Ihese t115. GowemarKe g)sts inclLKle Ihose the of ihe tharity and its a558ts aThJ are prwnarity asxoated with cons11tIal aTrJ 5tUtY reqU1mTrts. SuFWrt costs Inthde central fiJrKlMs and been yortiord to the thit*s to whth they rBl•ie Ort • toial aCtsty c051 b. JI resources expend&Y We rjasgw uThJer acm headrys Ihal 4gre9ate all o)sts relaleJ to category. InBcoverzt4e VAT charged agawtst the category d we5our 8xpendBd for wlxh il wzs inr. Py14
The charity cferntes the Museum on Land and t1$ (Yd by rcYrU Welsh Water under a Iory- term nt.free ase. whh expKes hi 2074. The land on whth Ileritage Water Park sil$ is cwnad by Herefordshire C1, whKh 15 to Ihe Museum fora peppercorn rent untl 2047. Tan ible Fued Assets aTrJ Tangibk Fixed Assets repr¢t the Museum's budL&"ngs. which are be dewywted on a $traight4r basis over Ihe rem8Ing tenn of the lease. and Ihe bor oltr • 25 year temi I20120351. The Heritage Water Park r8 not a L¥J11¥a r)t subFdto ¢kpreuM. stock induded at of c05t and rt ¥alu•. Stock irthdes parts. fuel items for sa to Museum visitor5. Ina r HBtorKAssets The charity hobJ5 a kasehokJ inluest IN wwrty. in¢bJdtss Here.$ VKtorian Gnde Il" Lrsted Low¢r Pumping Slation. that cwps part ofan oFeralvJrl srte ned by Cymru 1$h Water. The 99-year lease of ths kvoperty. wh¢h ewres M 31# 2074. is c4assed as an Inahenatyle Asset and t¥ not incJtsd in the charity5 8alarTh ShBeL Funds S The ¢arity has a r8slricled fMd to XC3wnilor 8uab)r that donatws are $t on a partojlar whBre fw¥Js have twn for a puw. Al other funds are of treha The Charity is a company bll.d by guarantee arJ ha5 M share c4YiaL Th8 lilty of each ffl8mb8r in th• of a wirow is to £1. 2020 2020 2019 MeMbeh lees Donats"ons Grfte£l Relar Irwne Grfl 8pJ refiJrJ Grant- Soulhall Twsl Grant. r CYmnj Water Othergrdntslawards 1.997 2,552 1.552 715 10.(XJO 9.239 10,000 10.000 9,482 Othergrontslawards we eWbal items. Natiorwl Loiry Herrta9e EThrY0 FuTrJ Smai BuSe$S Grart Admissn fs Relre$hments Retail ss Museum prtrJuc15 Prems 247 174 247 11.021 5.078 741 In¥es¢m¢nt Incom• Bank intwest ASSEI thspos Pa15
nditure 2020 For9¢nwaUng IwK15 Refreshments Sale materi Spetyal ets Consurnables Ad¥eitisn9lpubliity Total 1,314 123 1.374 417 5.315 2,576 1576 3A44 130 13 Fuel achine rnainlenane• PreTrS rn4intenance DwlaylsvJnagelartefa¢ts Insurance Publicalion$ (museWe3Il Depreoab'on Museum xtNthS 489 4901 37.174 623 1.168 52 190 4.425 6.430 3.279 54 2.706 240 9,104 5.141 46,278 623 1.168 13,714 13,894 13,894 1.667 2,002 1339 150 2.J39 150 HonoluM Pr¢Jed wof•sgon4 fws Subxripip)ns lo b¢>jS +WJdrt profe$3K)nal fees Bank char9es 1.080 420 242 181 420 420 242 Maintenan(• whKh inckKles COVKI lated wolessl deanry. a car pth fence and on the wsitor centrv re¢onfyurnDon. Pald em Trustees and Other A small honorarithi ol t150 was made to th8 tharity a¢kniryistrator Iwho r4 nL a trusteel. Éxpenses inoJrred by the Trustee5 a rtyrnbursed at Cosi TN$lees h•J rb) malerial irtsre5t ITr any trans1 undertaken by the ¢anty during Ihe year. 7 Ta MuseLwn Boler buihjin At 31 Dac8rnlJer 19 Addrtk? At 31 Decemt>er 2020 42,507 8C6.972 849.479 42 S07 QgL479 De¢[all0 Al 31 Oecemb8r2019 Charye for year At 31 Dg¢ernbor 2020 16,SS6 1%.057 172,613 18.285 168.222 186,507 N•t 0k ¥4 At 31 DerTr*er 2019 At 31 OK¢mb•r 2020 25.950 24,221 650.915 676,865 638.750 $82.971 Pag&16
2020 Stock Fuel ol MaleriaLs and $p8re parts Goryjs forw 1003 500 10 Credltors (amounts falliwwj du•¥rtlthi"n one yearl 471 AccruaL% 478 420 Acuuats indude 2021 exF4ThIitwB incwred or esser4ial for thè reWThq of the Watemtyks The Reslricled Inc¢ft Fund wrEsefits ¢aprtal 9taAts bywa fvndww bc#Jie5 frjr ts purpo$es of prod9 Tang Fixed Asseis Hi Ihe forni of the new buibJiry5. the ROthEa$ Engine Hwse and t•Jil8r slwwn in Nok 7 10 tt a¢¢oufits. The Reslrithd In¢¢xfie FuTrJs wfll b8 ra$gJ to the Statement of Fimncial Aclvths on Ihe sarre tSk5 a5 the OeweDabOn Polry. An Jdi1 tr¢t&S hjnd wa5 created tr tr Lottery Emergency 9rant to ensure ils use for the wrpose of reccfifuurry the mu5eurn in a Covid 5e¢ure manrr and a revw of museum$ l)uwess rrM)del. Incom 48,622 26,1thJ Exper•JthJ Gross transfer between fuTrJ5 17.9081 3.042 At 31 Oecrter X119 At 31 Dec•mb•r 2020 13 Tho Waterworts MIe was mothbald [i.e. ¢Jsed to aThJ VLsitor51 on 13 March 2020, days after Ihe Workl Hearth (hganoab"¢)n lled8 Covk$19 a 9lolial pandemic and ten days before the UK Govefflrnenl dectsied a'notnal kMJEd¢)wn'. Tl MLseum wain$ dosed lo wsitors at the date of t5 port. Wort 1$ undertway ppare WateMorts Museum to a¢¢w a tUrn of wSrtO buL as yet. no date ha5 t¢en ayrEeil lor Ihis. Work vs abo in hand to asses$ the slrate4K ¥nph"¢al$ of Covid-19 on Ihe Museum's Fomard Ptsn 2022-2026. whKh ts bwrg prepared for Ttuse approv81 later tls year. For the Waterwoths Muse, Cowpa 19 i5 8 non-aiusting p05t bakn sheel in Ihi$ Tru$tee5 Repprt lor the year endEd 31 t)ecemter 2020. Pa17
IncoTh and Expere Account for the financial ywn¢l8d 31 Oe¢•mbr 2020 page does not form partof Ihe sta ac£4yJntsl Prcpcis Totsl Totsl Varian 2020£ 2020£ 2020£ 2019£ INCOME Mernbershlp5, Grnnts and I)onaOn5 Membershp lees Welsh Water 1.997 9.482 1,997 2.552 9.482 9.239 6. 10,rth 10.000 S1.1 51.100 1.552 455 243 Soulhall Tmst OlkeroLAsNJe bodies Prwats donabtif GrftAkl 51.050 -255 1.807 715 Activitie5 tnc¢ mi%5ion fees Refreshments 247 247 11.021 5,078 835 -10.774 174 -828 Incorr frun hTh Gain frarn asset disposals Int¥•8t Re¢¢l¥ed Bank interest TOTAL INCOME 124 -124 47 32,666 17.121 57,6CrfJ 74721 41053 EXPENDuRE Vi$itor Servic•s Adverbsirvj aTrJ pubkity Saks malenals R¥fre$thents Swcil 8V8nts and mus•um aGtNth5 EdKats"onal prnJts, nseUM pubkations utensils. ¢onsumles 3,574 3.574 5.795 123 1.314 3.041 -2.221 -119 -2.752 -59 1576 2.$76 2.159 Exhibits, i11. repar & maint"n art8fac15 Emhibts. extemal contrxtor servi Premises. r•pairs & maN)nan 2.015 1.685 3.7Th) 6.081 1XJ 1,$)9 .933 41.594 2.266 3.540 4.683 1.022 4.425 1,761 13.894 13.894 13.894 -2,381 1,1S9 39,329 3,671 2.1 1.143 Fuel, lubricats.ng od and gas DiSplaysan&Je addibons and imwo4ww Depreoal Admlni$tration Overtads Po$tsge and te*phonelbro•aband Ccpter aTrJ office SupF.85 Rwt -3,936 -75 775 775 1.387 412 979 59 Insurances Honorariwn Subscr5pbM$ 10 Otherwjan¢atio Tfavel and incidental costs 1.168 2.706 -1.538 450 161 919 30 Antant arKI ul18n¢Y lees Bank charge5 TOTAL EXPENDITURE EXCESS OF INCOME OVER EXPENDifuRE 420 420 420 242 328 21.416 58.172 79.588 46.86S 42>5 472 4.867 4,812 32.723 45 Pw18