Waterworks Museum - Hereford Company Number No: 01820495 Reglstered Charity No: 515866 WATERWORKS MUSEUM- HEREFORD (A Company Llmlt•d by Guarantee not havlng a shar• capltal) REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 The date of this document Is Tuesday 08 Jul 2025 Pauel of17 'AE90pRWI' 1510812025 COMPANIES HOUSE A17
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Waterworks Museum - Heroford Company Number No.. 01820495 Registered Charity No: 51 $866 Contents Pages Title Page Contents A. Truste88 Annual Report for Financial Year Endod 31 December 2024 Introduction Chair & Director's Annual Report". 2024 - A Milestone Year How the Museum is Governed and Operated Regulation, Compliance & Risk Management Collection and Archives Statément of Trustees, Rosponslbllltles B. Flnanclal Rèport & Accounts for Year Ended 31 Decembor 2024 Independent Examlner's Report Statement of Financial Activities - Incorne and Expenditure Account Balanca Sh••t Notes to the Unaudited Accounts 10 11 13 Page2of17
Waterworks Museum - H8r8ford Company Number No: 01820495 Registered Charity No: 515866 A. Trustees Annual Report for Financlal Year Endod 31 December 2024 Introduction The Trustees of the Waterworks Museum - Hef0rd, five of whom are also Directors for the purposes of the Companies Act 2006, present their annual report with the accounts of the charity for the financial year ended 31 December 2024, The Trustees have adopted the provlsions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Waterworks Museum - Hereford is a company Ilmited by guarantee (number 01820495) and a registered charity (number 515866). The reglstered office is Broomy Hill, Hereford HR4 OLJ. Established in 1974. the charity is operated as an independent working museum and industrial archaeology preservation society concerned primarily, but not exclusively, with the story of the supply of water for public consumption from the mid-victorian era to the close of the 20° century. Based in a Grade Il. listed building, the Museum is home to the UK'S oldest in-silu worklng triple expansion steam engine and it has one of the widest ranges of working pumping engines in the UK. These are interpreted by 8 combination of displays, historic artefacts and ephemera related to potable water. Chalr & Dlrector's Report: 2024- A Mllestone Year 2024 saw the museum celebrate its 501h annlversary year, Highllghts Included two special evenls held In May and August wlth the Right Worshipful, The Mayor of Hereford. Councillor Kevln Tillett attending and in the autumn, the newly refurbished M+VII display in the Rotherwas Building was opened. The May event re-dedicated the pumping station with its six bays and provided a moment forall volunteers and supporters to consider the importance of the role they play and reflect on volunteers who have similarly supported the museum in days gone by. This provided a great opportunity for the museum community to come logether to talk about past events and future plans. Durlng the day, the Sisson5 Engine Set was opened by the past Chair, Richard Curtis on behalf of the donor Peter Curtis. The sun shone in August when the opening of the Brockhampton Pump display took place. In both displays, not only have the engines been carefully restored and brought back into working order but the whole display, from ground work to roof, has been designed and prepared by volunteers such is the skill set and teamwork of volunteers here at the museum. The WWII display has been refreshed by the creative imagination and effort of one volunteer, Carole and a small team of other volunteers. This exhibit provides 8n insight into INWII evacuee bedroom as well as a kitchenlscullery area displaying period equipment and food brands. Many of the items have been donated by volunteers searching attics and cupboards alike and provlding a wonderful authentic feel to the exhibit. Opened officially in October, 'Captain Mainwaring, gave orders for visitors and volunteers to 'step forward and see for themselves the bNO rooms. The Rotherwas Building will continue to highlight the Home Front of Herefordshire and with the Blackstone Engine and the focus on the Munitions Factory at Rotherwas, this exhibit has set the standard for future displays. During the year Iwo editions of the museum publication 'wateOrdS, provided members and the public with a roundup of news. information and key events from this celebratory year and we were delighted that in September, the renowned Vintage Spirit magazine for steam and industrial heritage enthusiasts provided an excellent eight page article entitled 'Hereford's Victorian Treasure,, in celebration of our 50 year history. Page 3 of 17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Earlier in the New Year, a major electrical fault that affected the whole of the Victorian building was discovered. This led to the engagement of an electrical contractor to undertake upgrades to the system. A small team of volunteer engineers laid the labour intensive cabling that was needed and they worked in cooperation with the external contractor who ensured appropriate compliance standards were met. Both the voltage was increased and trips were added to help meet the future needs ol the building. The task was no easy feat! Unfortunately, the impact of this work affected the re-opening of the museum steam days which were postponed until May. The public were able to visit the museum but with reduced admission prices to reflect that some parts were not accessible. However, to help mitigate the potential financial impact the season was extended with steam days continuing into September and October. On a brighter note, in the spring, the museum was invited to become a video case study. The aim was to encourage organisations to become accredited museums by highlighting the way we approached the Arts Council England (ACE) accreditation process. This was placed on the ACE website for others to View in the summer. The resolution of a long standing issue took place on 30 October. Herefordshire Council rernoved the road roller and its associated living van from the museum site and the museum subsequently received reimbursement of the costs of parts during the 5 years that volunteers carried out work on the road roller. It is good that the road roller has at last found a new home and for us, the matter has finally been drawn to a close. The year also saw further access Improvements being made. Pavlng slabs wer8 lald by volunteers to creaté a morè even surface vlhen walking bets•lee'n the"'newly-opened" Brockhampton Pump and Sisson Engine Set display areas, Also, vlsltors can now circulate around the site from the Southall Gallery as an exterior ramp has been installed and previously where steps had to be negotiated from bay 5 into bay 6 there is now an interior ramp providing improved accessibility between the Beam Engine and the Triple Expansion Steam Engine exhibits. 2024 Is no dlfferent to years gone by, In that volunteers who are prepared to share thelr skills and work together are always needed to enable the museum to operate and grow. We have been fortunate to have a number of new volunteers join with a range of skills and attributes from IT, social media, accounting, cafe and engineering all supporting the vision of the museum. This vision, set out in the 2022-2025 FopNard P18n. highlights the need to be adaptable and flexible to the ever changing nature of the museum sector collectively as well as the expectations and needs of visitors individually. Keeping the balance between addressing volunteer capacity, having financial stsbility and gaining exciting new developments at the museum are inextricably bound together in the planning process and budgeted projects will be a feature of the 2025-2028 Forward Plan. Financial sustainability is a constant topic for Trustees at each meeting. For example, during 2024 a number of funding streams have been considered and applications submitted such as one for improvements to our digital resources 'From Steam to Screen, with Arts Council England (ACE) and another with ACE Museum Estate and Development Fund for chimney repairs. We were not successful with these applications and recognise that in the current climate, funding is limited and the competition high. Pgg84of17
Waterworks Museum - Heraford Company Numbor No: 01820495 Registered Charity No: 515866 More success has been seen with our applications for biodiversity projects, a community grant from Dth Cymru Welsh Water for laptop and IT equipment and a grant for a digital donation point. Although they may seem small steps. each one supports the operational change needed for the museum to continue to thrive. The museum will learn from these experiences and continue to fight for much needed funding. In 2024 the financial position of the museum became stronger but in line with the museum sector, admission numbers were lower than 2020 and the museum remains vulnerable to Increased costs. Directors have been careful to ensure spending is monitored and revlewed each month. Changes to admission prices, a new membership option introduced and wider encouragement for community pre group bookings are ways the museum has increased Its operational revenue. Tracking the unlt spend of vlsitors In the cafe and the shop is proving an essential tool wlthin budget plannlng. Directors were delighted with the outcome of a meetlng with our benefactor SR & PH Southall Trust. Discussion focused on establishing a longer-term investment plan for the museum. To this end, the museum applied and recelved the maximum grant of £5k from Museum Development Midlands (MDM) to secure the appointment of a financial servlces speclallst 8nd for legal advice. Trustees appointed a financial services specialist In December 2024 which will enable these discussions to be progressed in 2025. In the autumn, directors and volunteers planned the 2025 calendar. Group bookings are high and we are seeing groups wishing to retum and pre booking in advance. Our partner links with engineering enthusiast groups as well as local Art & Cultural Groups and -specialist coach.tours that focus on accessibility are co_ntinuing to grow. The Dr Cymru Welsh Water education package continues to be fully booked and well utilised by prlmary schools, with over 350 pupils and an average of 29 pupils each Tuesday during term tlme. We continue our dialogue with post 16 colleges, New Model Institute for Technology and Engineering (NMITE), home school communities and wlth the National Associatlon Blacksmith Artlsts. Looking ahead, 2025 will see renewed enthusiasrn as the Trustees consider the next 2025-2028 Fopward Plan. It is a great way of encouraging the whole museum community to participate in outlining the next phase of the museum in a coherent and structured way. Searching questions will be asked about what the museum needs to do to be a success over the following 3 year plan as well as what they would like the museum to look like many years into the future as in a time of ongoing change, financial restraints and challenges it is important to secure a clear direction for the museum. Looking back can also help shape the way fonard, our industrial heritage provldes real examples of how innovation and technology has shaped our past uslng expertise, problem solving skills and consldered risk taking. Real examples from the water industry can give enthusiasts and engineers alike the tools and confidence to undertake some unique opportunities in the future to work with and keep the museum's engines and pumps of the past alive and relevant in today's and tomorrow's world. Finally, on behalf of all members, I wish lo say 'thank you, and show my gratitude to our two benefactors that have continued to support the museum throughout the past 50 years and are continuing to support the rnuseum in the future. Without their funding the museum would not have reached this significant milestone. There is much to celebrate beyond our 50 year and I would like to encourage all Members to come along with family and friends, meet our volunteers and see the wonderful range of engines, pumps and artefacts on site. I look forward to seelng you soonl Page S of 17
Waterworks Museum - Hereford Company Number No: 01820495 Reglstered Charlty No: 515866 How the Museum is Governed and Operated The museurn's charitable purpose is.. Yo encourage and promote public education and interest in the preservation, display and running for the public benefit waterworks engines, pumps, boilers and other equipment and relics of historical or general and for other charitable purposes connected with the study of water supply und8rtaking' Our vision is to thrive and grow as a specialist museum, focused on the history of water supplies for public benefit, and be a prominent Herefordshire visitor attraction. The Museum aspires to bring the industrial heritage to life through the working engines, pumps, boilers and other artefacts It looks after. We will achieve our vislon by being recognised as: 1. A working museum wholly governed, managed and operated by volunteers. 2. Custodians of an interesting and informative collection of engines and artefacts sited in Hereford's Grade Il. listed authentic Victorian waterworks. 3. A valued resource that can support learning and education (physically & remotely). We will drive our vision forward by following our YALLE&' . SAILlrenv[ronrnent for visitors. volunteers & users of the Museum, its collection and facilities . Irutht0 manage the Museum effectively by our volunteers, members, benefactors & partners erT ether playlng an actlve role In the communltles we operate In. The Museum's collections are used in an education programme, mainly, but not exclusively, for primary school children, using curriculum-led materials designed and delivered by experSenced teachers frorn the educational sector. Tours of the Museum are available, led by knowledgeable volunteers and the Museum prides Itself in offering an enjoyable experience to visitors including those who may need some form of assistance. The museum has no paid staff and is wholly governed, managed and operated by Volunteers. The governing body 13 the Council of Management, the members of which are charity trustees. The Council of Management is appointed by and is accountable to the members of the museum, of which there are currently around 120. The position of Trustee is a non-remunerated role, although out of pocket expenses are reimbursed at cost. The day-to-day management of the museum is delegated to a smaller group of Trustees who are elected annually to serve as Directors, and who collectively oversee the activities of the museum's volunteers. For awareness, Jill Phillips was appointed Chair of Trustees and Governance Director on 16 May 2022. Also, the museum continues to have a volunteer Health & Safety Officer and the designated Safeguarding Lead is the Govemance Director.. The Directors at the date of this report are.. Jill Phillips Chair of Trustees and Governance Director Mike Harries Financial Director and Honorary Treasurer Mike Glover Chief Engineer Fred Snelgrove Collections Co-manager Diane Cammidge Collections Co-manager Four of the above Directors served throughout the financial year ended 31 December 2024 and one Director (Diane Cammidge) was appointed in July 2024. There are currently 18 Trustees at the date of this report,. five Directors shown above and the other 13 Museum Trustees are: Paul Allen., Neil Atkins,. Shane Ba51. Kevin Burrows,. Adrian Eyre., Carole Franklin; Peter Heaton., Michelle Impanni. Liam Kirkham; Keith Munn., Graham Prosser,. Chris Santry and Neil Tumer. Page60117
Waterworks Museum - Hereford Company Nurnber No: 01820495 Registered Charity No: 515866 In 2024, the following changes took place: Mike Aitkin, Stan Lawler & Richard Gla5spoole resigned as a Trustee in March 2024. July 2024 & November 2024 respectively Neil Tumer, Chris Santry & Shane Ball became Trustees on 24 September 2024, 7 January 2025 and 13 May 2025 respectively. Neil Atkins resigned as a Director on 9 July 2024 and Diane Cammidge was appointed as a Director & Collections Co-manager on 9 July 2024. For awareness, Richard Curtis resigned as Company Secretary on 11 February 2025. The Trustees made the following annual appointments, which were renewed for the financial year January to December 2024: Accreditation Mentor: Katherine Andrew. 59 The Common, Abberley, Worcestershire WR6 6AY Independent Examlner: Edward Richards, Thome & Co; 1 St Mary's Street, Ross-on-wye, Her8fordshire HR9 5HT Bankers: HSBC Bank plc, 35 High Town, Hereford HR12AQ Solicitors: Lambe Corner, 36137 Bridge Street, Hereford HR4 9DJ The Council of Management met on four occaslons In 2024: 12 March, 14 May, 24 September and 13 December. The Annual General Meeting was held on 9 July 2024. Regulation, Compllance & Risk Management AGM.. This year's Annual General Meeting (AGM) has been convened for 8 July 2025. All resolutions at this meeting will be matters of routine business, that is to approve the year ending .31 December 2024 Tr.uste.es Report and Accounts and_resolutions for the annual re-appointment of each Trustee, the Accreditation Mentor and Independenl Examiner. For awareness, the resolutions passed al the previous AGM, held at the Museum on g July 2024 were all items of routine business (as described above). Forward Plan: The strategic and operational direction of the museum is managed using a 3 year Forward Plan. The 2022-2025 Forward Plan was approved by the Trustees on 22 September 2022. It is reviewed by Directors regularfy with updates presented to, or available at, the Trustee meeting each second quarter in the year. The Chair's annual report provides an update on the continuing Ghallenges and pressures facing volunteers at the museum. 2025 will see the transition from the current plan into a new 3 year FoDNard Plan for 2025-2028 so a clear direction is set for the future. This offers an opportune tirne to reflect and review the Museum's operations, its fulure developments (short & longer term) and the aspirations of volunteers, members, and the wider museum community. Accredltatlon: The museum completed the Arts Council England re-accr&ditation process in November 2023 and gained Full Accreditation status. Giving confidence that the Museum is w811 managed and governed effectively. In 2024 an action plan to deal with the one recommendation from the re-accreditation process concerning improvements to the Emergency Handbook is on track to achieve the desired outcome. Heafth & Safety: There were no reported safety incldents in the year ending 31 December 2024 although a major electrlcal fault was identified and remedial work was undertaken. Data Protectlon: The museum continues to meet its data protectionlprivacy requirements and continues to strengthen its governance to ensure safe keeping of museum records. Policy Update: Museum policies are reviewed & approved by Trustees as a rolling programme & in line governance review schedule. The Volunteer Handbook & Volunteer Agreement have been updated in 2024 & Directors approved a new Risk Management Policy in December 2024. To help it operate better in the digital world, a new Social Medla Pollcy and a Cyber Securlty Policy were approved by the Trustees in March 2025. Paue7of17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Training: Volunteers are kept up to date with ongoing matters via regular, nomially monthly, face to face briefings. Volunteer training continues on matters such as Health & Safety (e.g. ladder safety & working from heights) and Safeguarding. Four volunteers have current First Response Certificates for medical emergencies and two Trustees have a First Aid Certificate. Volunteers, Directors & Trustees have benefitted from on-line external training courses organisedlfunded through Museum Developmant Midlands (MDM) on subjects such as Governance, Finance & Fundraising, IT and Marketing. External Llnks.. In 2024, the Chair of Trustees was appointed onto the MDM Oversight Board which has oversight of Arts Council England funding and who provide advice on how MDM meets the need5 of the Midlands museum sector. The board has nine members made up of MDM staff and representatives from different types of museums across the region. Risk Management: Below are Ihe main business as usual risks, managed by the Council of Management and are typical of a small, independently funded & wholly volunteer run charity: sust81nablllty of resources available to the Museum, both financial (operational budget & grant fundlng for projects) and non-financial (succession, time, capacity, skills & experfence of Volunteers, Trustees & Directors) health, safety, and wellbeing of all who visit the museum including volunteers, the general public especlally relating to safeguarding of childrenlvulnerable adults, users of the Museum's ser4ices, contractors, traders and exhibitors. need to keep up to date with changing UK laws, regulations & standards of good practice expected of an accredited museum Some developments In known areas of risk for the Museum are suminarised below.. Accesslblllty.. Followlng an Access Audit in May 2023 an Action Plan was carried out in 2024 to help mitigate the risks & Issues identified, resulting in improvements for accessibility across Dlgital, Environmental, Social and Physical access needs of visitors and volunteers. Café: To manag8 its food safety arrangements better, in last quarter of 2024 th8 museum start8d to use 'Safer Food Better Business for Caterers, documentation to ensure compliance with food hygiene laws and its legal requirements to put in place, implement & maintain food safety procedures. It felt improvements using an extemally recognised system would improve consistency and benefit the museum long term. In November 2024, the museum was graded 'low risk, by Herefordshire Council Environmentsl Health following a desk top food hygiene assessment as part of a three yearly renewal process. Also, updated Café Procedures approved by Directors on 10 December 2024 have strengthened the recording & monitoring of Cafe processes. Café volunteers have up lo date Level 2 Food Safety & Hygiene for Catering Certificates which are renewed three yearly. The Trustees remain constantly aware of the challenge of managing its risks without the support of paid and professionally qualified museum staff. Collectlon & Archives The Museum collection in 2024 grew by 188 items, represented by 117 catalogue entries. During 2024, and 25 years after they arrived in Hereford, three items which were on long term loan from Amgueddfa Cymru (previously the National Museum of Wales), the Simpson beam engine, overshot waterwheel and Wilson Hartnell Dynamo are now in permanent ownership of the museum. Cared and maintained by volunteers since their installation, these artefacts will continue as integral exhibits for visitors to enjoy. Paoe8of17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Other key donations during the year included a contract dated 5 February 1895 between Worth Mackenzie & Co Ltd and the Mayor of Hereford relating to the Triple Expansion Steam Engine and a contract dated 17 September 1901 between Mather & Platt Ltd and the Mayor of Hereford for Three Reeves Patent Compound Filters at the Water¥vorks in Hereford. The 1895 contract was used in a display during the 50th Anniversary events held in 2024. The museum was delighted to receive a donation of 10 Stirling Engine models, all made by the same person and donated by his family which include a Rider-stirling Engine {No.25)', Robinson pattern Stirling Engine (No.34) & a Rotative Manson cycle Engine (No.67). In 2024, the museum enjoyed the official opening of the Brockhampton Pump Display and the Sissons Engine Set with various drawings related to engines made by W Sisson & Co Ltd from the late 1940's to late 1950's donated. The collection has been further enhanced and made more accessible by the refreshed World War11 display using existinglnew artefacts and highlighting the Herefordshire Home Front focused on the Rotherwas Munitions Factory. Also in 2024 a project in the historic'old Workshop, is substantially complete involving nearly 600 tools & other artefacts being photographed and linked to a detailed record to support the catalogue listing and future stock take activity. A regular volunteer is now looking after this display allowing the 'Old Workshop, to be opened up to visitors once more. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing an annual report and the accounts in accordance with: (i) applicable charity law, and (li) the provisions of the Accounting and Reporting by Charities,. statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting -standard applicable in" the-UK-and Republic of Ireland (FRS 102) (effective 1 January 2015). Company law requires the Trustees to prepare accounts for each financial year that give true and fair view of the state of affairs of the company and of the surplus or deficit of the charitable company for that year. In preparing those accounts, the Trustees are required to: Select suitable accounting policies and then apply them consistently Make judgements and estimates that are reasonable and prudent Prepare the accounts on the 'going concern, basis, unless it is inappropriate to presume that the company will continue in business. The Trustees have overall responsibility for maintaining accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, The foregoing report has been prepared in accordance with the small company regime (Section 419(2) of the Companies Act 2006). The trustees declare Ihat they have approved the trustees, report. Signed on behalf of the Charltles Trustees by: Jill Phillips Chair of Trustees and Governance Dlrector Waterworks Museum - Hereford 17 June 2025 flu Page g of 17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 FINANCIAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 This Report covers the 12-month financial period ended 31 st December 2024. The Accounts presented in this Report comply with the requirements of the Companies Act 2006 and the Charity Commission. Following the practice of previous years, the narrative that follows refers mainly to the Income and Expenditure account. This distinguishes everyday Operations and Maintenance activities from those devoted to specific Projects. The Museum had intended to run a full programme throughout Ihe year, but the discovery of a major electrical supply fault during winter maintenance meanl we had to delay reopening fully to the public, and were only able to be in steam from May. This resulted in lower admissions income and unanticipated expenditure on an electrical contractor. Malerial and supply costs continued to increase, but through careful procurement and improved processes, our administration overheads decreased by around 200k. Operatlons.. .Despite the impact of our deferred full opening on visitor numbers, the café spend per head continued to increase, meaning refreshments income was only marginally down on the previous year. The Museum was also the beneficiary of an increased number of private donations. Projects: Projects fall into two categories, either 'Designated' or 'Restricted'. These are carefully distinguished in the accounts to meet Charity Commission requirements, but for reporting to Museum Members they are combined under the 'Projects' heading. Designated Projects use money allocated from Museum funds at the discretion of the Directors andlor Trustees who monitor each project carefully. Restricted Projects draw on money given by an outside body for a specific purpose, being ring-fenced and used strictly in accordance with the terms of the grant. Ignoring non-cash items (depreciation and stock movements), just over 17 % of expenditure was project based - a significant increase from 2023's 10%, but still lower than historically. Designated Projects.. Two 'Designated' projects were worked on during the year. Our renewal of the World War11 display was part-funded by a generous donation from one of our volunteer members. The Southall Trust increased their funding allocation for projects which contributed to completion of the Brockhampton pump set display, opened in August. Restrlcted Projects.. Heritage Compass gave a grant to purchase a contactless donation point, which itself contributed to the increased donations income. A fund was created to manage the electrical repair work, and attracted some specific donations from the public. 2023,8 Environment fund award from DCVIMI paid for further landscaping and environmental improvements, including a habitat surley; the residue will be drawn on in 2025. Conclusion: Despite our reduced admissions, Other income streams were strong and, olher than the unforeseen electrical remediation, project work focussed on effective use of volunteers, time in preference to capital expenditure and external contractors. We were therefore able to make a healthy operating profit to roll forward to next year. None of this would be possible without the essential support given by the Museum's Benefactors, Members, Volunteers, and friends. as provided over the course of this last year. Mike Harrie8 Financial Director and Honorary Treasurer Waterworks Museum - Hereford 17 June 2025 Page100117
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Inde endent Examiner's Re ort To the Directors of Waterworks Museum - Hereford Unaudited accounts for the financial year ended 31 December 2024 I report on the accounts of the charitable company for the flnancial year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. Respective responsibilities of Trustees and Independent Examiner The charity's Trustees (some of whom are also the Directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145{5)(b) of the 2011 Act)., and to state whether particular matters have come to my attention. Basls of Independent Examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statements below. Independent Examiners, statement In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with s386 and 387 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) have not been met,. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Edward Thorne & Co., Chartered Certified Accountants 1 St. Mary's Street, Ross-on-wye, HR9 5HT th 12 June 2025 Page 110117
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Statement of Financial Actlvities (Income and Expendlture Account) For the flnan¢l•l year Ondod 310ec•mb•r 2024 Grants, fees and donations Activities for generating fund8 Inve51menls Total Income 30,859 27.718 1,612 1,098 31,957 27,718 1,612 26,284 30,214 816 Generating funds Charitable obleclivos Totsl Exp•ndftur• 8,810 49,387 9,393 46,300 30,220 19,167 Net incomelèxpendlluro Grosg Iransfer beeen funds N•t movornent In fvnd• Tolal lunds brought forward -'3-089- 11,804) 19,897 1,804- (16,8081 3,089 1.621 Totsl funds earrled forward P89812of17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 aterworks Museum - Hereford Balance Sheet A8 at 31 December 2024 2024 2023 Unrestricted Re8trictsd funds No Flxed Assets (tangible fixed assets only) Stock Debtors and prepayments Cash at bank and in hand Total current assets 1.703 2,200 1,703 2.200 2,697 451 rr Lla Iiitle8 Creditors falling due within one year 10 1,376 1,376 323 Not Curront A880ts Provisions for liabilities Not A88et8 10 438 438 915 meF Unreslricted Funds- Restricted Funds 11112 92.094 92,094 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for (a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. Signed on behalf of the Trustees by: Jill Phillips Chair of Trustees and Govemance Director Waterworks Museum - Hereford 17 June 2025 ¢ UJIW Page 13of17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 Not to the Unaudlted Accounts for the flnanclal year ended 31 D¢¢ember 2024 The financial statements of the Charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities= Stslemenl of Recommended Practice appli¢abl8 to charities preparing Ih8ir accounts in accordance with the Flnancl81 Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective 1 January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The financial statements have been pr8par8d under the hlstoric81 cost convention. IDGomLkn' Voluntary Income Includlng donallons, gifts and legacles and grants that provide core fundSng or are of a general nature are recognised where there is enlillement, certalnty of receSpl and the amount can be measured wlth sufficient raliability. Such income is only deferred when: The donor speafies that the grant or donation must only be used in future 8ccounting periods., or The donor has Imposed condlllons that must bo mot before t178 Chaty has uncondlllonal use. Income from trading activities 1$ re¢ognlsed as eamed las the related goods and 6ervic6s are provlded), Investment Income Is re¢ognls8d on a r8eelvabla basls. Inme from charlleble 8¢llvllies includes incom8 recalved under contract or where enlltlement lo grant funding Is subject to sp•clfic perfomiance conditions is recognlsed as earned las the related goods or s•rvlcos are provided). Grant income Included In this category provides fundlng lo support PerfoanCe aclivitlos and is recognlsed where there Is 8nlillemenl, certalnty of recelpt and the amount can b8 m¢asured wllh sufficlent rellablllty. Income is deferred when Bdmlssion and rnembershlp fees or perfomance related gran18 are recelvable In Bdvance of the date810 whlch they relate. The Volunteers Involved wlth th8 charfty are members of the company Ilmlted by guarantee. They support the Museum 80 that il ¢8n open to members of the public on up lo 70 d8yS 88ch year. Th8y includ8 the Trustees, Dlrectors and Off1¢8rs, who carry 8ddiilon81 responsibilities, and volunteer engineers who work additional days m8lntalning and preserving the co118Ction. The Museum has no paid staff. Further d8tai15 of the contribution made by Volunteers can be found in the Trustees, annu81 report. esau. Expendllure Is recognised when a Ilablllty 1$ Incurred. Conlraclual arrangements and perfom8nce related grants are recognised as goods and services are supplied. Other grant payments are recognlsed when 8 conslrucilve obligation arises that rèsult In tho payment belng unavoidable. l. Costs of generatlng lund8 are those costs Incurred In attractlng voluntary incom?. and tho88 Incurred In Iradlng 8Ctivltles that raise funds. 11. Charltable actlvilies Include expendllure assoclated wSlh the restoration and maintenance of donated assets and leased premlses and include both the direct costs and support costs relating lo these activities. iii. Govemance costs Include those incurred in the governance of the charity and its assets and are prlmarfly associated with conslilutional and slatulory roqulremenls. Iv. Support costs Include central functlons and have been apportloned to the acllvlties lo whlch they r8lale on total aGllvity cost b8sls. 19 VAT.. All resources expended are classified under activity headings Ihal aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which il was incurred. S2gOt&The charity OP8rat8S th8 Museum on land and bulldlngs owned by Dwr Cymru Welsh Water under a long-lem rent-tree lease. which expires in 2074. The land on which the Heritage Waler Park sils is owned by He10rdSlre Council, which is leased to the Museum for a peppercom rent until 2047. Tangible Fixed Assels represent the Museum's buildingg. which are being depreciated on a straight-line basis over the MainIng temi of the lease, and the boiler over a 25-year term (2010-20351. The Heritage Water Park Is not a building and 1$ not subject to depreciation. £tQGLStock is induded at the lower of cost and net re81isable value. Stock includes parts. fuel and items for sale to Museum visitors. The charity has a leasehold interest in the propety that is classed as an inalienable 85set and is not induded in the Balance Sheet. This interest expires on 31 st March 2074. Pag• 14 of 17
EuDdL&tr. The charity has restrlcted Income funds to account for situation5 where donors require that donations are spent on a particular purpose or where fund5 have been raised for a specific purpose. All other ftjnds are unrestricted income funds. al Sta s of the chari The ch8rity is a company limited by guarante8 and ha5 no share capital. The liability of each member in the evenl of a windin9-up is limited to £1. 2024 R•strlct•d 202 Totsl UnroStriGtod Totsl From f808, donatlon8 and grants Membershlp f88S Donallons Gifted Regular Income Glft aid refund Grant - Southall Trust Grant - Dwr Cymru Wolsh Water Olhor granlslawardj 1,987 3,258 1,987 3,e13 1,945 1,486 555 1,464 11,000 12,411 739 1,484 11,000 12,411 453 10,000 12,400 From actlvltle8 for gen•ratlng fund• Admisslon fees Refreshments RetBII sales Museum products Premlses hlre 15,283 11.017 1,093 206 15,283 17,275 11,017 11,195 1,093 1,535 200 209 Investmont Incom• 8ank Inl8resl Othor Incomo Asset disposalg Llnro8trl¢lod Restrlcted Total Total For g•norallng fund• Relroshmenlg Sale materlal Sp8¢lal ants Hardware and Consurnabl88 Advertlslnglpublldty Walerwords 2,058 836 2,058 838 2,860 1,126 1,769 3,401 S43 2,312 3,401 1,779 3,172 For ch•rltabl• purpo•o• Fu81 MBchln• malntenance PremiseB rnainlenanr? Display151gnagelartefa¢ts Insurance Educatlonlpubllcatlons Depreciation Museum activities Offi¢el¢omputerltelecornlpostageltrnv81 Proleot prof•$$ional fges Rent Sub5cApllons lo extemal bodles Audit professional fees Bank ¢harges 4,935 8.021 8.994 1,712 1,406 12 4,935 8.021 13.985 1,712 1,406 12 13,894 1,110 2.024 480 59 632 438 5.349 6.994 12,809 109 1,561 4.971 13,714 13.894 391 3,187 445 59 418 501 1,110 2.024 480 59 632 438 22 167 49 30 PBge15af17
5 The chalty does not have any paid employees. 5tees and Other Related Partles.. Expenses incurred by the Trustees are reimburse(S at cost. The Trustees had no mAlerial interest in any transaction undertak8n by the charity during tho y8ar. Rotst Museum COBI Al 31 December 2023 Additions At 31 DeGemb8r 2024 42,507 806,972 849,479 42 Depreclatlon At 31 December 2023 Charge for year Al 31 D•¢•mb•r 2024 23,472 204.717 228,189 25,201 216,882 242,083 Not book valu• Al 31 December 2023 At 31 Decarnber 2024 19,035 17,306 602,255 621,289 590,089 607,395 Fuel and all Mateal$ and sparo P8rt8 Goods for resale 1,070 319 1,289 500 D•btor8 and pr•paymont• Trade debtors 10 Cv•dltor8 {omount• falllng due wlthln on• y•ar) Trade credltors meMbershP Fees In Advance Accruals 395 981 303 20 Accrua18 Include the balance of the Brockhampton roller 8hutt8r door. 11 Ro#t[l. Tho Restdcted Income Fund represenls capltal grants provided by various fiJnding bodies, including for the purposes ol providlng Tangible Fixed Assets in the fomi of tha new museum buildings, the Rotherwas Engine House and boller Shown in Note 7 to the accounts. These R85triclod Income Funds will ba released lo the Statamonl of Flnancial Activities on the samè basls as the Depreclatlon Pollcy. New reslrfcted funds were crealed for romedlallon of a major eleclrfcal fault and enhancements to the Heritage Woter Park. Unrestrfcted Restrlcted Income Expenditure 60,189 1,098 21 12 Gross transfer behveen funds Nel movement At 31 DeGember 2023 At 31 December 2024 72,197 616,826 Page16¢f17
Waterworks Museum - Hereford Company Number No: 01820495 Registered Charity No: 515866 This page does not form part of the statutory accounts and has been left intentionally blank. Pago 170117