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
#204

Conterts
The Report olthe Tru$tees
Ibl
Chaimian'$ Sts¢tyY*rt 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 Trus*es. six ol wh*y)) ¥e alsts C*re¢rtys f¢f IPe puwoses ol Ihe ¢c¥npan*s 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 c￿r￿e$.. siai*iient of Recommended Practice
applcabke to chari￿5 prepariry Iheir ac￿jnts ￿ ￿1rdance with the FinaKHI ReF4yiry Standarf applKatk
the UK and Rep￿￿Of IrtL￿d IFRS 102).
WateTh¥ths Museum. a cL¥npany ty tywant¢e {numi*r 0182D4951 aThJ a regksigred chanty
Inumter 5158661. Th8 rngiiter8d offK* k8 Watenwrks Mu58wn. Heteknd, 8rocrfny H•. Fsertford HR4 OU.
Establk%hed in 1974. ts w4￿rWc￿S UuseL4n ts cwated 0$ an indeperK*nt wtykiw mu$eurn and industrial
archaeolcgy preservalkin soc*ty c¢￿erned pnnwty. but not exdu5Ndy. with the story of Il* supply of water for
public consurnp￿n fr¢m the mK¥VthiaTh era ￿ the ¢W of Ihe ￿ ¢*ntury. Based in a Grade Il. listed
bu￿ing, tite Museum ￿ hrrfne to Ihe UK'S objest in-stiu wothg tiwfrexpan￿on eTYJino aTrJ it h•$ 0￿ of
thB WKlfrst rnnges ol puftpry in Ihe UL These are in*fpreted 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 fr*ndty wth somett#TrJ for vorttys ofal ageg.
attraclrye and accwbkn Ifmancialy. phys￿ty. arbj InlelEdu*l lo all grw5 swety. and
O Vsk￿d ￿aMir￿j 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 K01￿Y arhj bxal knJri5m privrit*s.
The Museum's charitable purpD5e rs lo p￿Ole put4K ￿tereSt ttwh the dsplay of PLMPS.
engine$ ond other eqU¥¥r￿1 of historKal intwesl connected with lh8 sup￿¥ of water. The Museum's co*¢borts
are in an actNe ed￿tiOn PrC*3raTh￿. rnainty (but nvt exd¥$Nelyl lor pnmary school Childrw. using
¢urrthlum led materials desvjned dehered ty eX￿nCed teache￿ ojrrenty working in oduc•ton.
The Museum pN4es itselin offenThg a handmn kammg experi￿￿ for 81 of the Coftwnunity, (fic￿ding
sitcrfs who need scrfne fwm of aSsts1an￿ trj enjoy ¥iyt to ML￿e￿n. are ￿ by w)lunteers and. as
far as prndt¢aWe. tslored to the n8eds of ¥bJMdual wsitors. The Tfts*s ward as a unv4ue selling pc4nt the
knr**. eThthu5ia5m. and tcmmitinent of its ¥￿nIe0￿. wlKh L% CUD￿Nted upw In feedtiack.
Stths of
The Museum has Full stalu5 The A¢ueditststy7 Schtsne a¢kninistwed by Arts c￿1￿11
En9land WW sets nat￿•[￿81￿ agreed $taThJ¥ts trmu8eum5 in Ihe UK Ireqtstrabon nwnter R07831.
The colkcts.on rs)npr￿ 4.3LKJ AJ ¢y*r￿j by tre sa¥* for 26 items on bn9.
The collectity)s ctymprtse artelacts archhY5 that ilLLstrate the CO￿￿. treab1￿1, aThJ $uppty ofwater sirKe
1856, but a150 more br￿￿ty over the past ￿0 thousaTrJ ye*s. On the Museum $ite there ar8 examples of all
type5 of motN8 pwevlofwater wmwrvj {exc•ptari￿1 FThMr). ts(kn5tnSlJJwfy%w4bt*e¥w$Y)n
Pago-1

MarlB5 aTh1 IA*s, bJtzkn irth*s fterrsfKTr cll*rpJts clts UK toWB￿rttre ts*k4)mertOfdiin￿J.l¥j wakr
mechanical work If(¥n heat were 6ssential tsrraigrg wat¢rfordn"nknry and Irrgation.
The Trustee$ have detenYMr*d Ihal future expans￿ of ts CO￿ will be direct￿ IrMf8rds coft*bng aspects
of the Musewn's histor￿ sw. wr*AJ lo expand the ColeCth￿ co￿1￿9 mid to late Victorian perrfxl
and the earfy years of Century- the transthnal phase of t￿￿￿1¢01 deveknprr*nt tstween beam
engine5 arKI rotative steam ery1￿. and wzter ￿1￿5￿ H￿trU1r￿nIat￿n forthe laller haw of the bvenbeth century.
Akn, to wole¢iui9 Ihe ir#Justrial hentage and kThy*lethJe ol de¥ekJpments in drinkirvJ water SUFpty assouated
technolog￿5 that rnMJht olhenwse te105L This ￿￿￿e5 enyines, pump5 and a550cÉated deTrrtes and technokg*s
used in edUCa￿n81 e$la￿Shments ￿ the past fortrainiTrJ apyentKe water eTr3￿eerS.
Eath year Ihe Museum re(¥1￿ tth g*wal teChTr￿ eN4uirie5 al￿[ the Museums cc41ection or from
people seeking adwte. TIW a￿ re¢eNed ￿1h1n Ihe UK and oVe￿ta$. 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 le￿1 that it does wrthtyjl the continued
support it re¢eNes from printspJ bernfxtN5" Tl* Southall Try￿1 and L>*r Cymru WeL8h Water. Further detsil
of rJ WOV￿ in the 5taternents. p¥esen*d on pages 12 to 17 of report.
The Museum has wj slaff i% whow gmr*d. man•aed *d q>erdted ty VcAunteets. The 9tyeming
bcdy the Council of Mana98mnt. th? Th￿iber5 of which a￿ thanty Tru5tee5. The dty-torfjay managerneDt of
the M￿m 45 detegaW ¢0 a smaler group of Tr￿tee$ who are eknd annu￿ty 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$tees whts wwe Dwe¢ttys ￿ 31 De¢￿t￿r2030. 0Thl are attsd*e ol thi5 rwrt. arn..
A￿hard Curb"s
Mike HaNies
Sndg
Neil Alkins
¢haiThan and Corr0￿ S
{Ww)ted 011071￿)
Svbseqwt 10 the year er¥1 Mike G￿￿r (Joint CW En9w) tecaft* a Directy on 090212021
Ihaving kYew¢)usty beon app¢fftled a Trustee on 0110W20201. Kevin Burrm was aFwnled. •LI Derek Dlffteit
Ste￿) d¢Mn. as a (hre¢toi both effe¢1 1(¥1)212021. Peter tr*aton stood dthyn as a Diredor Joint
Chtef Engin*r on 3CW12021.
Paul Alkn
' Neil Athir6 01101r20201
- Kathy BurrfAvs14)pointed 01101120201
' Kewn Burrw5 I￿o￿led Olffj￿2
' Adiian Eyre
' Colin Hu4hes
. Derek Dullett Ilater re$￿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 co1￿3¥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 foltr*ir￿ aPp￿￿tr￿￿, whK* haw i*en ￿n*￿1 for the fina￿al year J•nuary to
Re￿￿￿j Pm?untanl Thome & Co.. 1 St Marf5 Slrv•t. Ross-NW. HwEfvrt5h"r• HR9 5HT
8•￿er$
H$￿ Bank pk. 35 TMI. Hereford HR1 2AQ
Sc4Krtors
Lamte Cmr. YKJ7 P4Kl9e Slrtet. HR4
kma
Th¢ m*n business as usual risk$ rnanaged ty Ihe Councl of mawg8￿1 arF tyycal ofary smal, iThlepend•nlty
fvrwjed andy1h￿ty volunleer wn ¢hanty. TPY pnrKipalty speak lo..
(#) Th8 sustainatslty ol the fBWJrtes ayarfable to lkneL•m. t¢th loperalb)nal buthjet and gr￿1
fiJnding for projects) and nofvfihantsal (the su¢¢es$hw. IDme. ¢apa¢ty a￿1 skab aThJ ¢¥enenco of the
Volunteer5. Trustee5 and DYectO￿ who operate the Mu5eufflI."
Ibl Th8 health, safety, aTrJ *PIte￿9 of Vduntew5. and ￿1$ of the N*Jseums se￿￿e& 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 col￿a￿A& Pandem￿ in 2￿0 l*J trj 8 fuTrJarTreThtal re¥￿ and re5tstemenl of all risk.
A statemefit of risk asSess￿nI arisir¥J as a rgsLdt oftr pandeffl￿ o publicty a¥atsb￿ on Ihe Museum websrt8.
Trusle•5 arry (OT￿lanty 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￿ Pu￿Se5 for ￿ Icffeseeabk fiJiure. Genefal reserves must the￿1¢
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
OF*ra￿"OnS li.e., that the M￿eum k% operaled ar%1 gowned sokty by V￿Un￿r$ 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 Stre￿S. 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•spcns*1• for ensuriry Ihot the MLtsethi has a thar strategy, thal it remain5 t￿￿ to it5 vk4ion,
and that it compl*s wilh necessary and ￿gaI ObhJatio￿. They a150 ensure that the h•$ th
polioes. c¢ntroL% and olherdo¢m*nts that mirnnw the that the ¢fvanty may encounter. The TNstets'.
Establish systems and ￿￿trO[S to rritlwJaie the ￿ thThlrf*d. aTrJ
IMp￿￿￿t pc4Ths prDC8dU￿ ¢Je$Vi￿ to min¥mtse any wtentsal irnpaci on th? charity
ShO￿j a materialse.
K•y risks h¥5* t¢en previousty 11escrbed on 3.
Prin
colection. whKh shouh4 be opwt io ebyryone regard￿￿ of resbjence or personal
¢i1￿M$￿neeS. The Mus¢um tsetr a Tr4afuèJ Wning rewjrce for schools, being altr4dr￿0 and
accessible to all gr￿jPS in s￿￿ty. and a5 a fwr¥ly fr[e￿I￿ Museum and ￿5110r4￿roC4l0ft in e¥ery sense.
themes and priorft*s lor thè ￿VeloF￿t 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 C0￿CtiOnS
(preventabve and Ten￿01) and the sale use of a¢￿3 to the cole(*"￿S.. and
ensure5 Ihat infomab'on I￿] at#>A th? l*JEwn's is as c¢yn*t*. a¢¢uratg, wurg
accessibk as possible.
of ￿$￿tOrS, member5. Volunteer5, contractor5 and the pthK. aTrl the deswtrs measLwes
de5yned 10 Safegua￿ thldren wlrwabk people. Thrixwjh an E
the Mu58um 15
commrtted to elminabng all fonns of dracrirnination, vKtwni5ath?n ar*J harassment. and to prt**otin9 equalty ol
OFPort￿ty.
OTHER.. The Env
COV8r5 ihe natural. bJlL e¢onomK swal enwrorwnent of
Museum and the i
C4)ws TrLk8t¢¢'$ Wmni￿nI to protecting the privacy and
the $1ondards irwJi*hJuals can 8XF*Ct 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 b￿USe. although the
WateMoths Myse￿ may have been ¢Yosed $￿e 13 Marth 2020. have muc* to Ir*Jk 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 ￿tha￿t kn see vokjnteer efforts to Ir￿ out le
each otherdurir*J pericd& of k￿kd￿ aTrJ, forsome. Bola1*￿.
The ingenwty. cornmrfment, aTrJ effort of vobJnteer% who tr￿k on resp0￿b*ty 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￿ busY*ss model. a mwe $u$tainab
must￿ll in the years ahead.
The enforced cWJsurE of Ihe Walen¥owks Museum k¥ovthd space for a nurthr of impmb￿rtts to be made.
The5• in￿￿1•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. y￿J￿IE8rs. supporter5. and ihe pu￿￿. ￿ ￿s0 renewed the lenon9
around Ihe m￿ly* 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¥a*r, ha4* supported Ihe wa￿￿0[*$ 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 SUffe￿d ￿$5 ba* the knr¥J4enn fifia￿la1 harn detrwnert •¥pew￿d by 50 many small
charities duiing the ¢ovhJ.19 pandern￿. The Mwm'$ reserves ha￿ been de￿ete￿ and wll take bme to
leni8h. i￿1 ourloundotsms r•m•n strrry
Last 8Utumn. wrnted Glo%er as Jjmt Clwfjf and Safety Offiw COMM￿ a search lo
a nw4 Joint Ch￿f Engineer to S￿ceed Peter Heaton. The sIrate9￿ to a'ioinf ro￿ recognised that
Ihe fesponsib¢A"IEs and tsme demaTrJs of Ihe ro￿ had 9rtr*n svJn¢ficanty o%*r the past 10 years aThY were t
much to expect fvom a $￿g* ￿Unteer. M*e. was olre•Jy a trnstee. was apwnled a ithrector at the sa
ty"me. Thanknjlty. Peter Hea￿. wll Sh￿ step dty*n as L￿￿ engr*r after o¥er 20 years In Ihe ro]e, will
rernain an actNe Ydunteer $0 vast ¢XPenen￿ wil be of benefil to Ihe f*rectors.
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 m￿t espec*ty th￿k ex-Director Br
Pewson. who siDvd d¢)wn as a Trt￿tee ￿ July 2020 after ten years, antt th Rfme who completed
hi8 $tudfj8s in Hereford and st￿￿ as our f¥st Youlh Tr￿lee *0 in July 2020. Since Ihe finanL?al year end,
in February 2021 Oer•k rffttt (who serned many y*ars as frk)norary Treasurer) stc*)d as both as
Twsiee and Dirrftor. Each has made a h￿e contrtsjbon 10 Ihe suc¢ess of the WateA¥orf¢s Mus*L*n and Ih*r
exper*nts be rni$8ed ar¢und the Tntstee tth. Since tr* year end. * have apwthd one new fntstee
I1￿chard afid pro9w had be￿ madg 10 r•trL¥I t•0 *$JIlK￿ tr* of2021.
Richard Cuiffj$
BEFORE THE PANCEMIC
Cowd-19 was not th8 onty orth*n Ihe fnt ch*ry• Ihe 1OlalJnvorts %￿J$turn l•t•J bst year. In Fety￿ry 2020.
Hereford 8xperTenc8d worst e¥ent of I￿x￿Ing fTom the river W in oveT 120 years. Th? Museum ground$ 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 eXe￿Ise tfrJk only a matter of days effotl.
elhdess, in￿rt￿t 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
co￿￿telY 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 infec*on. and m￿Se
dKt nol open to the pthhc in 203].
P•Jtr5

The Watwrks Museum has or* c￿Ce tefoTr for s￿h a kng pe￿￿, in 200>05, when the Mu&8um'5
VISitor centre was t*Jrt znd essential repars made to its Grade Il" knsted WKtcfflan buikjiry and
chimney. That Signrf￿ant event wa$ the ratstysl for the grrywth of tt* Museum Ihat we have seen we have over
Ihe past 15 yeats. Trustees i*kn thai the swrfKanl l*in9 fflat￿ ￿ rvspons* lo CovbJ-19
pandemK atso actto spur the Museum lomfa￿ into a [￿* Fenoj ofgffjwth.
During the of ihe Covi*19 fockdcwn wi5ts to Ihe Mwum srte were limrted to Iwo ¥O￿nIterS 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 Fenc*J tlwtors pnoritssed maintaining regU￿r
contact with the Museum's c4YmuThty of ¥O￿ALe*S 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￿#9￿ment 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 *WaterwothsCo￿d
Tr*Jats. short ￿￿¢0 of engm5 arKI arvj uNsual of th• h￿seUm.$ cokth'on. also
oved to te extremety kw4NJlar.
Imen th8 nats'onal hxkdtrxrt wa5 eased. k*Jseum Iwl b8vn lts)rouglty deansod aTh1 e￿nts￿ 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 ob￿OlL5 Ihat th15 could noi h8￿n quithty. Thè
Museurn's coHeclkW Is latgely I￿￿ in a b￿1￿1￿9 wilh corTrJoT5. on a small site with many
areas of p¢Jtenlial boiueneck. whKh WoU￿j have made lev81 of di%tartuig probl￿at￿.
Ind￿Jed in the Mu5eurn's wsrtor c*rth e5PEualty In the c￿p￿t to4et ￿Xated in part ol the Listed
building. wthich meant thal opkns for struciural tharges to irnpyove fac*b&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 to*t 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 w*Th¥orts. ot ts cal￿rt 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 $04b3ht lo corn￿8 these siralegK 04'eciNes in p&nning 8 way
fward. Phase 1. 3nd Ihe Thrnediale prhyty. was to ￿$tal byger faulths, whith would allow the
old to1￿ to be teneficialty converted to an ots aTrJ re￿pIlOTh desk. aTrJ lo create the rtsw entry to the Southall
Engin& cal￿ry. Phase 2. some of whKh woukj be delNered akngside Phase 1 for reason5 of effKteTrcy and
Sconomy. WOU￿ 588 Ihe Museum"s kilchW￿Calè IrM)￿J to another area ol the ￿ntre al￿ the ¢rtra*on ofan
t￿OSed educabc￿rneetrrt9 rocrfn with break out a￿a 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￿ undert*8 ar￿ contrd a5 much
of this w¢Jth as possi￿e. tMJt rt sc•Jn te¢a￿￿ ¢bwous Ihal ts 5LVWt of speualist Contra￿0￿ wouhj also be
requwed. By end of 2020. a smal 'bubbk' ￿ Voluntee￿ le¢J by Oeputy Ch*f Engineer. Mike Glover, had
subslaTht31ty c￿￿￿ted Il* work to te dor￿ by ￿ Intern￿ tearn. loikl bbck had been moved. a office
had teen created and large e￿rne￿ts of assoriated phase11 wort I￿r£￿ting the Museum's kitthn and café) had
so been substantialty £￿￿￿ted. H￿eVer. WDgrESS M contrxtor led weth was delayed by 5tsffing and 5uFpty
than problerns associated wlh Ihe extended FefK4Js of Cov*J-19 bx*drthn 11*se e*ments 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 qu*t ￿nter month$ b&fore our prc*Jramme ol
famty runnirg days had Cornme￿ed. As a ￿su￿ of th6. income wa$ iu$i a fra¢bw of rts usual level. bul
operat￿￿¥1 eXw￿rture was atso y9nth¢anty I￿et. Lar9ety as a wull of the finan¢ial aTh# other support
provided by thvr Cynvu IA*h Water aThJ The Swthal TnJ5t. thp nèt effect ts thal th8 wate￿•*$ Museum d
not suffer the cata$trwhK impactexpurnn¢•d by many ir•￿￿￿Jenl mu5eurns.
Tluslees were delighted. and extren*ty 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, wh￿h Ind￿led a for
an independent re¥w* of the Trustees business plan and the $Irale9￿ ch•n9es b*ng con5*J•red by them.
P￿S1Th9ty. this revw broadty enth)￿ed the prcyosed Chary and put fO￿ard many useful *kas fr)r fvture
cons￿•1#￿0n by TNslees. Ottw aspects •ftt* m￿m.5 r•sp¢ns• to tre C￿*19 pandemic w*re funde4 Irom
a 9ovemrne•t Smal Bu$w5 Grant dk%trt*uted th 41ri12020 v* HerBlords￿re Councrf and the MuseLWM'S
finoncial Ttseffts.

Furtlwr in1￿M¥bon oflhe financi￿ inpacl ofthe Pa￿[￿ i5 wowJ•J li tre Fir￿￿la1 Rwrten pa9e Y bel¢w.
ENGINEERING
The Strateg￿ to a knt c￿￿Er#￿ter1Tr auhjnn 2019 tss atready ￿ to a even spread of
perab'onal responsib￿￿￿e$ ￿ 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$..
The COVe￿d ￿6p1aY for Ihe Sissons cross COMPOWKI 51Thv speéd UBYu¢ti￿l set has been cofflp￿ted
and rt s hoped that Ihis engin8 58t can be instaled aTrJ that a w ex￿bit ￿11 be ￿adY for ￿aUgurat￿ in 2021.
Work also contwiued P￿panTh￿ tham ro*>rolw'Emrna' for (￿sSeMb￿ 3ThJ e¥*n￿al on * now a
ofthe Museum •)d winter repair5 **re akn mad8 b) Emrna5 Li¥irg Van.
Sa¥e for these prqvcts. wryk w05 perfo￿ lo dtsrt•r9e resp￿$fO￿ties 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 (w￿rnstar￿¢S pemii *thantage was though taken during this
relati￿ty period to the ￿￿￿ordsh￿t Whjlrfe Trust to k￿k hdi5ticalty at the habitat and
odivetssty of tand by the Museum. whKh wll fijther Smtys in sprirs 2021 and to th8
HEALTH, SAFETY, WELF*RE AND TR4JNWG
There wer¢ ￿ reportabl8 salety irK•￿e￿5 in 2020. Thè aryi¥al Cwa¥ink8 pandemic caled for a
reassessment of all the Museums ¢peratiOr￿ praaKts and thè deb*kpnenl ol a [￿k M￿gatIOn plan
addrEssing CovKJ-19. whth avartab* on Ihe Museurn's website. Dwe¢t*ys' assessrnenl ol the risk to
the l*alth and well-teirYJ ol vo*Jntews ¥isiltyS was suffiienty h￿h to deE*Je 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 apF4￿d when a55055iry Ihe tmeiabk lor a public re￿peThng of
Ihe Myseum.
COLLECnCW ANO ARCHWE
There were onty a sm811 number of addrf￿s 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 i*ms
in the th￿￿¢t￿)n$. Dis¢y$Sh￿ ￿ otsr pjtential do[￿1￿5 to Ihe Museum were SUS￿ded for the durats.on of Ihe
thjriro pefiod of do$u￿. addthwal infofft)akn w89 made aCC￿b￿ on th? Museum's websrte about varfous
a41etscts in the Museurn's coleCti￿ and Voluntee￿ in the Arthrwe Room atso pro¥thJ engineering and reSea￿h
and support to thr•• UK ￿ri• ¢)ryanisaiior6.
EOUCATION. RESEARCH AND COMhThifY ENGAGEMENT
Onty three pn'mary schooL* wwe abbe to brysil ￿ IA*wrks uTrJer the partnership wth [￿r Cym
We15h Water before the Museum dosed sn Marth 2020 and tre &jU¢at￿ prc#3ramme was 5115pended. However.
tgac*ing materia15 wovided ty bae Museum continu*Y to be I￿ty a¥adab* from the Waterworf(5 Museum
The rtieetiro and c¥Jrtlew¢e fatshty tery **¥e10￿ * the Museum wll prDvth fresh cwortunity lor
muTrity eryagerreTht. as our goal i5 fo the Musown'$ ¢*arrtat* ctiectsves io rrwke a reasonable
Prop￿110￿ of ￿0k1￿j 5knts aC￿sSth forbxal cornmurwty aThl chanty
Py7

In Ihe sprirvj of 2020, a lenc• wa5 i￿taI?d avound Tr*aON car parf¢ ai Ihe rear d the Waterworks
Musewn. which not just enharKe the ¥i5ual afftsnty of the Muwjm. Thts 1mpro%w￿nt wa$ dr￿n by
tAodots' desire 10 inslal a larger gat*ay 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 lorth88￿￿1D9 F•rtr¥manc¢.
REGULATION AND CCrt41PLWE
The ¢late for Ihe 2021 Annual Genefal MeeliThJ IAGMI has yet to be ar¥w)u￿*￿. Al resLILrt*mS * this me?tVl9
be rnalre￿ of roubne b￿1r￿. 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 Ex￿lAerI.
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 sm*r nufttht of M￿lt*S than W￿1. The resohjt￿s passed at thi5
m&ting al of rwtire IxJg"w.
lfi last yearf$ report Tnstees Klenbf*d kn c0ryjhar￿ chalerwJes lor 2020". comp￿1￿)￿ of the ryocess to ren
the Museum'5 status as an 'acuedit8d ￿￿Js8￿. and tre arwval of a For*ord Plan lor penod 2021 to
2025. TN$tee$ also ad1ntrw￿ed that during the peric#J of the next Forward Plan the Mu58urn woukl reach the
sl￿ aTrnNe￿ry of its u8al￿n in 1974. $0 a wiod of r¢V*a#)n aThJ ￿¥1￿# ol Ihe Museurn's business model and
ruture o¥Nrab)rts woybj be w b"Ni. Howe￿, each of Ihese thalknw5 WW8 5th5tantsatyd•Wd.
TftN*es TMetonW the armil￿r￿nt in sp1m￿ 2tr20 thai a5 a of th? Covi&19 pandemt. Arts C¢)uncil
EThJland would be suspendiry the progran¥n* for Acuedited lkneum slabjs for a year.
suspension was subwuenty exleThJed lor a Iwtheryear in Febnmry 2021.
P￿￿$ for 8 qU￿￿nn181 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 n￿1 FoNard Ptan would
operate be￿een Z022-2026. ￿￿eN￿r, as pre￿￿Sty desrJkned above. some as¥*¢ts of this were 8¢fvan￿ in
2020 with iThaeperthnt revw of ¢he s bLtsir*ss 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-Mc￿lh finanual pe￿￿j 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 th￿daY Owrats)r* M•nt•nan¢e a¢tAl￿"e$
frcqTr those devoted to S￿￿¢fiC Pwecl*
The underfw'ng patlem of actNit*s 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 sha￿ty. paitit4Aarty that relatèd to wsitots. was pwtially offset by reduced
6xpefidilu￿ on iknns silch as fvel. $inc¢ r)0 exhèts We￿ in operab￿. buf ts Museum has C4)nbnuiw expenses,
lor Insurance. Ihat stll h•J to be mei In asjthn. the deep oftt* p*Jr¢hase of PPE aThJ
oll*r n*a$uRs to prthci w￿nteerS ¢ame ofoperatv)ftal funds.
Projecls fall into catego￿. wther i)eswJNaierf w IlestrKiert. These are CO￿lU1￿ di¥*n9uished in the
accounts to rr*et Charity CrYnrnis¥M requYe￿nts. 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 f*rector5 who rnonitcr ea¢h project car￿1￿. Restrrted Proje¢ts draw on
mDney gNen by an r￿hle bc#* lora spaclt p￿P￿. rirtrkncaj arvj ￿ed in xCo￿ar￿ the
terns ofthe 9rant.
Ignoring non-¢ash items IdEpfEciaiM and 5tirk IT*4tft*rtsi. jwtowr50% of expendrtu￿ was woje¢i based-a
sta￿ increase from 5% in 2019.
T￿ee '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 Gob*rnff*nl'5 SrnaN 8usress Grant ar￿ Nal*)naf Lottery Herita* Emergenry Fund a
reslrKted and lo work5 to adapt to CworwNs aTrJ ¥tiprove t*JSirnS5 resil*no. as d85cthd in the
chai￿an.5 reporL Ayhcwh the Iota Sum wa5 ewBnsed n 2020. rt ha5 been fvjll comrrNtt&J, along ¥rilh
•#d￿.0￿al fvT*J$ the Kluseum'5 rese1￿.
Conc
l am pleased to report that ￿r cash pow redu￿ the impxi of the Pandern￿ In 20ZO. ena￿￿9 the
Museurn lo pursue its aths for Ihe foreseeable future. Thv& wouhy not ha¥e been the case wthout th8 e55enti
8UPPOrt grb*n ty Ihe Museum'8 Ber*factws. Members, vol￿teers. arhj Ir*nds. whKh was even more vabxl thi5
year.
Mlk• Harrfes
Honorary Tre•sw•r
P•Je-9

th• financi
1 D•cember
The T￿￿tee$ 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 Ch*1￿ prepar¥￿ Iheir acwJnts ifi ac¢ordants *ith the Finan¢i81
Reportirg Slandaryl in ts UK and Reputa¢ ol Irel¥￿ (FRS I￿2) leffeclwe 1 Jwuary 20151.
Company law requi￿ ts Tw$tees to prepare a￿nts for exh finarKaal year Ihal gNe a true and fair
w of the 5tste of ats"r5 01 the cNnpany arbj of surplus w deficit of the d￿nIable company for that
year. In preparir¥J Ihose acI￿nts, Trustees are vequ¥ed to..
Make Judge￿nts and estwnates that are rtasonabk aThJ pr4thnt
Prepare the acojurts on the'gory Cor￿￿. basis, unkss it is in¥prc¢Thle to F*5wne ihat
c¢ywry ￿nity1￿ in busY*s8.
The Tw$lw have 0¥w￿l ￿l￿ty tor m8inlainir9 acrywntirwJ record5 which dts¢￿ wlh
reasonabfe a¢¢urnry at any *'me Il* ￿8￿JaI Pogbon of Ihe tharitab* coftwany to enab
¢hern lo e￿Ure Ihal tttg aco)unts corryty wth the Compar4es 5x6. are a150 resp￿$￿
safe9uardin9 the assets of ihe Charitab* fxxfipany aTrJ for takry ffeason*lè 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 e￿aTr￿ Act 2￿8}.
Syned on tehall c￿t￿ Tnthg¥'.
Q 6&ts-.
Rlchard Curtls. Cc4npany Sovel
15 June 2021
Pw10

mlnerfs
On un4￿111￿d aecounts forthe fina*ial y•ar •nd•d 31 Dec•n*er 2020
I reF<)rt on Ihe accounts of Ihe thwitable ujmpany financi•l year ended 31 Dèe•mb*r 2020, Ythi¢h
comwse the Statemeftt of Fina￿￿ Acbvtrs. the Bal*Ke Sheet rdated note
Regpe¢tive rèsponsibililrè¥ of T￿18t￿ and •xamTr)v
The ¢l￿rity,$ 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* C￿rib"eS￿l￿ 2011 lthe 2011 P£t)l that an ind*wdent examinab.on ￿quIr￿J.
H￿Ing satisfied mysew that the thanty 15 Mt 9jbi￿1 lo a￿j1* under c(ryary law and 15 dwitrAe fijr indeperhyent
examinatton, rt is my respcwbility to..
examine the ar£I￿nts 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 whetr￿r 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 acC￿nts.
and seeking explanations from you as Trustees Cor￿em1￿j 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 COnn￿t￿M *•nth my examinalm, r•) m*r has c(¥ne to my attentio
whith gNes me rtssorth to b￿1￿ Iw in ￿Y matuial r¢sFe(* the re9j1￿Merts
to keep accourtting records in ￿C￿ty8￿ *ith th and 387 01 the C¢ynpanie5 Art20C6.' w)d
to prepa￿ acownts ac4x)r¢J aCLxwnting reoxts. comply wrth thè accounting ￿qUiT￿￿ents
of sttt.ons 394 and 395 of Ihe Companies Act 2(￿ aNJ wth the methL>J5 and pnn￿￿e$ ol lh8
AcccyJntirvJ and Repthng ty Charths.. Statement of Recommended Prac￿.￿ aPF4icatrAe to tharitiÈs
prèparing their *Xt￿nts in ac£Ordan￿ the Finanoal Repth"ng Standard app1Ka￿e 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 ar￿UnIS
to be reached.
Ethlard Ri¢th¥its
Tlb)me & Co.
Awnuntants
1 St Mary's StwL
Ross-on.We
HR9 5HT
15 June 2021
P*11

Ilncome arml ExP￿dIt￿le 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•strid*d
xed
It￿g￿le assets orty)
Current Assets
Slrxk
Oebtors and pyepayments
Cash at bank and in hand
r<&1 ¢wvonta5901s
2.616
1618
1.775
770
Llabll
c￿ltorS falhng wrthiA ¢ne year
10
41
1,492
Pr￿sh￿S for haknlths
30.478
20.478
420
co
11112
UNe$lrthd Furvjs
Restnaed Fufid5
61.667
61.667
69.575
7218
The ch*l￿b￿ crrnparry 15 enbw lo ex•rybon fmm autht SeCkn￿ 477 of tt* c4mpan￿ Act 2LbJ6 fty Ihe
yearended 31 C*cwnber 2020.
TP* membèr5 have requved the ¢harIlab￿ ¢orrwy 10 OtA*n an awjit of its $tatwnents for Ihe year
er*Jed 31 Decernter 2020 in a¢¢ordanre *ith Secboti 476 of ts CoryanEs Act 2(K￿.
TF¢ Trustee5 ackn* the￿ resporth'irtie5
lal eA5Umg that tr* tharitab* Company keeps rtC0￿ that ctymply wrfh Se¢bor& 386 ar*J 387
ofthe Companies Ad 2C￿ and
Ibl preparing financial 51aternenls whth ￿ a and tsir of Ihe Of affairs of thar5f*Jbe
¢ornpany as al the of each financBI )Ear •KI cl rt5 surpts or ¢Jefitst fL¥ ea¢h firtantsal year in
arcordance wth Ihe rtyuyements of secth?￿ 394 aryl 39S and whth Othe￿$¢ 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 8Fec*I 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• Una￿￿11•d A¢¢ounls k*th• fin•Ki41 Y￿￿ded 31 (l•¢•mb•r 7020
Accoun￿ Polici•s
The finanoal ststen*nts olthv th¥rf•b* ¢(mpany. rs a pubk benefiteftlrty FRS 102. ha¥e
been prepwed in aecr*dan¢e *ith tl* Ch¥tses SORP IFRS 1021 Accountin9 and Repo￿￿9 by
Charit￿S. Slaterrnnt of Recorrrnended Practice applKatye to ¢haritie5 prepann9 their a¢counts in
accordaKe wrth Ihe Financsal ReporbTrg siaTrJard applratAe ¥1 UK Reput￿￿ of I￿land 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 C￿￿an￿5 Act 2(K6. Th8 finanual Statern￿lS
have been prepared under Ihe htsiorKal cost con¥entK*
v￿Untary incc¥ne induding ¢y￿]rOnS. and *gac*s arhj grants th8t FvoN*Je core fundin9 or are of
general nature are ￿cC￿niSed wheTr Ilve is enltknenl ¢ertainty of rEtsipt and the amount can be
measured suffic*Nt reh*thty. Suth incLYne is onty deferred *hen.'
The d¢)rtor sp8cl￿S that the 9raiit or dwbom be used in lulure axounlmg Pe￿d$.. or
The d0Th￿ has inF4)sed cc*￿1￿ that must be ￿ tefore Ihe L*arity has uncondi*rmal use.
Incl￿ Irom tradiThJ actiiths r8 reC(sn￿j as eamed la5 th? re*J )1￿ aThl seites are pffjwdedl.
fundiThJ Is to SFe¢￿ F*rfomiarKe condtt¢ons ￿ recC•JnL%￿ a5 earned la5 the rdoted good5 or
seM¢es ¥e prov•l. Grant irKILthd in Ihts utegory wovths fvndirYJ to support Ferfrymonce
8th¥￿es and i% wnised where tr￿e i% enlthmenl ￿rtalIty of recewt ar*a the ￿0V￿1 can be
rnea$Wed￿th Suffiaent rethaMty.
F*rfomances ore¥ents ￿ whth IW (dak.
V lunteers and Dona
eMtÉs and Facl '
The Voluntew5 invofved wilh the chaty n￿b*S ￿ the linited ty gu¥an*e. TIW SLWPtst
the so Ihal it Can open to Ihe on ￿ to 70 days each year. They indude the
Trustees, ￿'rectorS afyl Officer5. vtho ￿p￿r&i￿"1￿1e$. and *￿￿Nteer er4Jir*ers who work
addit￿81 days maintaining and weseNng the col*ctKsn. The ￿￿Sey￿ has no pa*J staff. Further details
of Ihe ¢Wtr*uts"on mad? ty Vdun*WS tan bè ltyrtl th Ihe Trustees. ￿n￿*1 report
EMper￿trjre is recrynwd when a thablty wurT•J. Cordl￿1 •Nan9WMrt5 and Fwfvmwnce relafod
9rant$ a￿ iecognised a5 9ood$ and Str￿ 4Tr $w)pl*d. Other grant Pa￿y￿nIS are recc#Jni5ed when a
construthe obligaiKMI a￿eS ihat res￿1 in tt* paywit tr￿1r￿j Una¥￿dab1l.
Costs OI9*rtratu￿ ar• those costs attfo¢brg vohjntary NKO￿. and those
curred in trading xtsvibes Ihat raise ￿nd*
Chantat* Incknje expenditure a550ts•ted wih tho msloratrjn main￿N4n￿ ¢1
donaled assets lea￿ premws arKI t*Jth the direct costs aThJ support Costs reLqtirnJ
Io Ihese *t1￿1￿5.
GowemarKe g)sts inclLKle Ihose the of ihe tharity and its a558ts aThJ are
prwnarity asxoated with cons11￿tI￿al aTrJ 5￿tUt￿Y reqU1￿m￿Trts.
SuFWrt costs Inthde central fiJrKl*Ms and been yortior*d to the thit*s to whth they
rBl•ie Ort • toial aCts￿ty 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
in￿r￿.
Py14

The charity cferntes the Museum on Land and t￿￿￿1￿$ (Y￿*d by ￿rcY￿rU Welsh Water under a Iory-
term ￿nt.free *ase. wh￿h expKes hi 2074. The land on whth Ileritage Water Park sil$ is cwnad by
Herefordshire C￿￿1, 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 $traight4r
basis over Ihe rem8￿Ing tenn of the lease. and Ihe bo*r oltr • 25 year temi I201￿20351. The Heritage
Water Park r8 not a L¥J￿11¥a r*)t subFdto ¢kpreu**M.
stock induded at of c05t and r*t ¥alu•. Stock irthdes parts. fuel items for sa
to Museum visitor5.
Ina
r HBtorKAssets
The charity hobJ5 a kasehokJ inluest IN ww*rty. in¢bJdtss Here￿.$ VKtorian Gnde Il" Lrsted
Low¢r Pumping Slation. that cwp*s part ofan oFeralvJr￿l 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 inc*Jtsd in the charity5 8alarTh ShBeL
Funds S
The ¢*arity has a r8slricled fMd to XC3wnilor 8*uab)r* that donatws are
$￿t on a partojlar whBre fw¥Js have twn for a puw. Al other funds are
of tr*eha
The Charity is a company b￿ll.￿d by guarantee ar*J ha5 M share c4YiaL Th8 l*ilty of each ffl8mb8r in
th• of a wirow is to £1.
2020
2020
2019
MeMbe￿h￿ lees
Donats"ons
Grfte£l Re￿lar Irwne
Grfl 8pJ refiJr*J
Grant- Soulhall Twsl
Grant. ￿r CYmnj￿ Water
Othergrdntslawards
1.997
2,552
1.552
715
10.(XJO
9.239
10,000
10.000
9,482
Othergrontslawards we eWb￿al items. Natiorwl Loi*ry Herrta9e EThrY0￿ FuTrJ Smai BuS￿e$S Grart
Admiss￿n f*s
Relre$hments
Retail s*s
Museum prtrJuc15
Prem*s
247
174
247
11.021
5.078
741
In¥es¢m¢nt Incom•
Bank intwest
ASSEI thspos
Pa*15

nditure
2020
For9¢nwaUng IwK15
Refreshments
Sale materi
Spetyal e￿ts
Consurnables
Ad¥eitisn9lpubliity
Total
1,314
123
1.374
417
5.315
2,576
1576
3A44
130
13
Fuel
achine rnainlenane•
PreTr￿S rn4intenance
DwlaylsvJnagelartefa¢ts
Insurance
Publicalion$ (museW￿￿e3I￿l
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
Hono￿luM
Pr¢Jed wof•sgon4 fws
Subxripip)ns lo b¢>j￿S
+WJdrt profe$3K)nal fees
Bank char9es
1.080
420
242
181
420
420
242
Maintenan(• whKh inckKles COVKI ￿lated woless￿l deanry. a car pth fence and on
the wsitor centrv re¢onfyurnDon.
Pald em
Trustees and Other
A small honorarithi ol t150 was made to th8 tharity a¢kniryistrator Iwho r4 nL* a trusteel. Éxpenses
inoJrred by the Trustee5 a￿ rtyrnbursed at Cosi TN$lees h•J rb) malerial irtsre5t ITr any trans*1
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 Der*Tr*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 $p8re parts
Goryjs forw
1003
500
10
Credltors (amounts falliwwj du•¥rtlthi"n one yearl
471
AccruaL%
478
420
Acuuats indude 2021 exF4ThIitwB incwred or esser4ial for thè reWTh￿q of the Watemtyks
The Reslricled Inc¢ft* Fund wrEsefits ¢aprtal 9taAts bywa￿￿ fvndww bc#Jie5 frjr ts purpo$es
of pro￿d￿9 Tang￿￿ Fixed Asseis Hi Ihe forni of the new buibJiry5. the ROthE￿a$ Engine Hwse
and t•Jil8r slwwn in Nok 7 10 tt* a¢¢oufits. The Reslrithd In¢¢xfie FuTrJs wfll b8 r*a$gJ to the
Statement of Fimncial Aclvths on Ihe sarre t*Sk5 a5 the OeweDabOn Polry.
An *Jdi1￿￿ ￿tr¢t&S hjnd wa5 created tr tr* Lottery Emergency 9rant to
ensure ils use for the wrpose of reccfifuurry the mu5eurn in a Covid 5e¢ure manr*r and a revw of
museum$ l)uwess rrM)del.
Incom
48,622
26,1thJ
Exper•JthJ
Gross transfer between fuTrJ5
17.9081
3.042
At 31 Oec*rter X119
At 31 Dec•mb•r 2020
13
Tho Waterworts MI￿e￿ was mothbal*d [i.e. ¢*Jsed to aThJ VLsitor51 on 13 March 2020,
days after Ihe Workl Hearth (hganoab"¢)n lled8￿ Covk$19 a 9lolial pandemic and ten days before the
UK Govefflrnenl dectsied a'not￿nal kMJEd¢)wn'. Tl* MLseum wain$ dosed lo wsitors at the date of t￿5
port. Wort 1$ undertway ￿ p￿pare 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 Ttus*e approv81 later tl*s 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.
Pa*17

IncoTh and Expe￿￿￿re Account for the financial yw*n¢l8d 31 Oe¢•mb*r 2020
page does not form partof Ihe sta￿￿ ac£4yJntsl
Prcpcis Totsl Totsl Varian
2020£ 2020£ 2020£ 2019£
INCOME
Mernbershlp5, Grnnts and I)ona￿On5
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
EXPEND￿uRE
Vi$itor Servic•s
Adverbsirvj aTrJ pubkity
Saks malenals
R¥fre$thents
Swcil 8V8nts and mus•um aGtNth5
EdKats"onal prnJ￿ts, n￿seUM pubkations
utensils. ¢onsum*les
3,574
3.574
5.795
123
1.314
3.041
-2.221
-119
-2.752
-59
1576
2.$76
2.159
Exhibits, i1￿￿1. repar & maint*"n art8fac15
Emhibts. extemal contrxtor servi
Premises. r•pairs & maN)￿nan
2.015
1.685 3.7Th) 6.081
1XJ 1,$)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
DiSplay￿s￿an&Je addibons and imwo4ww
Depreoal
Admlni$tration Overt*ads
Po$tsge and te*phonelbro•aband
Cc￿p￿ter 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
A￿ntant￿ 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