| CHARITY COMMISSION| Independent examiner's report on the hy FOR ENGLAND AND WALES accounts
Section A Independent Examiner’s Report
Report to the trustees Weavers Triangle Trust On accounts for the year | 5/4/2025 Charity no | 1024635 ended (if any) | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2025 : Reaponeemues and basis As the charity's trustees, you are responsible for the preparation of the a rep accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's! have completed my examination. | confirm that no material matters have statementcome to my attention in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the
accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
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Name: | Tony Mitchell
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Relevant professional qualification(s) or body (if any):
IER
1
Oct 2018
Address: | 19 Helvellyn Drive
BB12 OTA
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of |The Weavers Triangle Trust is a local charity, operating a small museum in any items that the Burnley. The income and expenditure of the Trust are both usually below examiner wishes to £10,000 per annum, but a bequest in the will of the previous Chairman disclose. increased the income of the trust during the financial year by £240,000 and allowed an increased expenditure on maintenance of the exhibition premises. The premises are owned by the Canal and River Trust and leased to the Weavers Triangle Trust on a peppercorn rent.
IER
2
Oct 2018
FOR ENGLAND AND WALESLWEAVERS [RIANGLE [RUST (024635 : [ne CHARITY COMMISSION |i =ayece Teianicie Teuer Receipts and payments accounts CC16a For the period | ~~ /. - 4, an fin Gin Em
Section A Receipts and payments
Unrestricted Restricted Endowment funds firate funds Total funds Last year tothe nearest £ to the nearest£ to the nearest£ to the nearest£ to the nearest£ A1 Receipts eses 2 |1,196] | 1,193 undies8 ds] [3,500| Grontsee ee ld | Peee st 8 ss =<8 = <§.f([UCl(CllL3©6h((lll Ls EE es ee OS I| FE | e ne Sub[total(Gross][ income] ee[for][AR] | | | \2 Asset and investment sales, (see table). ee ee Ce eee ee re Subtotal[ ae A3 Payments : es | 852 S evices i [Sd SSCSSdSCE sn] [a| InsuranceMiscellaneous~~‘CT SOCO™O™~™~CSC~“‘“YT YTt~‘“~™SSdCYTCSC(#NN’NNNN.WCC'CUSCLCCNWC#‘C(C‘“C(“#CWCY #3 «G8| Donations|TdCE SY (0| ee ee ss 8 =Gh3GUl( kl ssOT 8=2C8 oles cs: | ee |eee eee A4 Asset and investment purchases, (see table) ee eee eeee Subtotaf. Total payments 24) Co) Net of receipts/(payments eS oe [Be AGASTransfersbetweenfunds |-||CT —CCd Cash funds last year end ets) P| fT2 a8] __24.852| Cash funds this year ena | ee a
Section B Statement of assets and liabilities at the end of the period
Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest £ to nearest £ Total cash funds ao |es |[ees] (agree balances with receipts and payments account(s)) Unrestricted Restricted Endowment funds funds funds : ; to nearest £ to nearest £ to nearest £ :i — Fund to which . Current value ota asset belongs Gost (optional) (optional) —_ —— Fund to which ‘ Current value petal ‘ asset belongs wast (optional) (optional) ——— ee |ee |ee Fund to which Amount due When due etails liability relates (optional) (optional) - — = Signed by one or two trustees on . : Date of behalf of all the trustees Signature Print Name . approval
4
Weavers’ Triangle Trust
ANNUAL REPORT AND ACCOUNTS
Year Ended 5 April 2025
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Vv
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Company Number: 2832231
WEAVERS’ TRIANGLE TRUST
ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
" expenditure incurred in the management and administration of the charity
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3
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WEAVERS’ TRIANGLE TRUST
ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
FUND ACCOUNTING
Restricted funds are to be used for specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund, together with a fair allocation of overheads and support costs.
Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objectives of the charity.
OTHER EXPENDITURE
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2024-25 2023-24
Publicity 96.00 95.00
Management and administration 1,066.99 99.00
1,162.99 194.00
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PAYMENTS TO TRUSTEES
No Trustee received remuneration in the year.
No expenses were reimbursed to the Trustees during the year.
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CHARITABLE STATUS
The Charity Commissioners have accepted that the company is incorporated for charitable purposes and the Registered Charity Number is 1024635.
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WEAVERS’ TRIANGLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
| 2024-25 | ||
|---|---|---|
| General | ||
| Fund | 2023-24 | |
| £ | ||
| £ | £ | |
| INCOME | ||
| Donations | ||
| Visitors and other individuals | 426.00 | 479.25 |
| Corporate supporters | 660.00 | |
| 426.00 | 1,139.25 | |
| Grants | ||
| Grants | 3,500.00 | |
| Bequests | 240,000.00 | |
| Other income | ||
| Refunds | ||
| Tours andLectures | 52.00 | 56.00 |
| Miscellaneous | 22.53 | 1,193.40 |
| Total Income | ___ 240,500.53 | 5,888.65_ |
| EXPENDITURE | ||
| Directcharitable expenditure | ||
| Premises—Visitor Centre | ||
| Repairs andmaintenance etc | 27,854.66 | 851.75 |
| Rates | 59.88 | 24.95 |
| Electricity& Gas | 1,556.36 | 2,445.31 |
| Water | 192.51 | 182.60 |
| Insurance | 683.11 | 683.11 |
| Premises —OakMount Mill | ||
| Donations from OakMountEngine | ||
| toHTNW | 100.00 | |
| Collection Management | ||
| Equipment | c | |
| 30.346.52 | 4,287.72 |
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WEAVERS’ TRIANGLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
| 2024-25 | 2023-24 | ||
|---|---|---|---|
| General Fund | |||
| £ | £ | ||
| Other expenditure | |||
| Miscellaneous | 1,066.99 | 99.00 | |
| Publicity | |||
| Brochure | 96.00 | 95.00 | |
| Website | |||
| 1,162.99 | 194.00 | ||
| Administration | |||
| Postage | |||
| Telephone | 715.00 | 592.33 | |
| Subscriptions | 71.00 | ||
| Legal fees (Companies House, COI) | 69.00 | 48.00 | |
| Total | 784.00 | 711.33 | |
| Totalexpenditure | 32,293.51 _ | 5,193.05 | |
| Net surplus/(deficit) | 208,207.02 | 695.60 | |
| Total funds brought forward | 22,547.53 | 21,851.93 | |
| Totalfundscarriedforward | 230,754.55 | 22,547.53 |
I certify that I have examined the accounts and vouchers of the Trust for the year ended 5 April 2025 and in my opinion present a true and accurate record of the Trust's transactions and comply with the Memorandum and Articles of Association under which the Trust operates.
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WEAVERS’ TRIANGLE TRUST
:
| | |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
St an Eee SS ee ea odes oie eA COI ST nae en Era nee Tecate Wiest SL ONaiinS
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4 Met,
Tony Mitg¢hell
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Independent Examiner
9/7/2025
This schedule does not form part of the statutory financial statement
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WEAVERS’ TRIANGLE TRUST
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED5 April 2025
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||||||||
|---|---|---|---|---|---|---|
|INDEX|PAGE|
|Legal|and|Administrative|Details|1|
|Chairman’s|Statement|2-3|
|Report|of|the|Trustees|4|
|Statement|of Financial|Activities|5|
|Balance|sheet|6|
|Accounting|Policies|and Notes|to|the|Accounts|7-9|
|Detailed|Statement|of Financial|Activities|18-10|
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WEAVERS’ TRIANGLE TRUST
LEGAL AND ADMINISTRATION DETAILS
FOR THE YEAR ENDED 5" April 2025
Company Number:
2832231
Registered Charity Number:
1024635
Registered Office:
The Weavers’ Triangle Visitor Centre 85 Manchester Road Burnley Lancashire BB11 15Z
Directors:
Chairman Secretary
Dr.John Stuart Livingstone
Philip Creegan
Hon. Treasurer
Curatorial Mentor:
Philip John Robinson David Patrick Morrisroe Pauline Martland Theresa Margaret Livingstone Michael S. Townend B.A. Towneley Hall Art Gallery and Museums Burnley
Bankers: Virgin Bank Manchester Road Burnley
Pagel
WEAVERS’ TRIANGLE TRUST
CHAIRMAN’S STATEMENT
FOR THE YEAR ENDED 5 APRIL 2025
Objective
The object of the Weavers’ Triangle Trust is the advancement of education of the public by acquiring, housing and exhibiting, and conserving, restoring and repairing objects and collections of an educational nature and by establishing, acquiring, managing and maintaining museums, galleries, libraries and other places where such purposes may be achieved and where education and educational research and enquiry and the exchange and dissemination of relevant views and information may happen.
Staff
The Trust is managed and staffed entirely by volunteers, relying on members of its support organisation, the Friends of the Weavers' Triangle, for supervising the Visitor Centre. The Trust's Secretary, Mrs Theresa Livingstone, resigned as Secretary on the 21" March 2025, but remains a Director. Mr Philip Creegan was appointed Secretary, also on the 21* March 25
Premises
The Weavers' Triangle Visitor Centre
This is located in the former Wharfmaster's House and Canal Toll Office at Burnley Wharf, which is leased from Lockside Estates of Marple at a peppercorn rent. .
The opening of the
Centre was again restricted owing to the considerable amount of restoration work necessary.
Oak Mount Mill
The engine house, on licence from the Heritage Trust for the North West, was opened to the general public on a number of occasions, including Heritage Open Days and Canal Festival
Visitors
Because of the ongoing effects of the restoration work, the visitor centre was only able to open to a limited extent .
The Trustees would like to record their thanks to the volunteers from our support organisation, the Friends of the Weavers' Triangle, who have given their time to staffing the Visitor Centre and raising funds to help to finance the Visitor Centre.
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WEAVERS’ TRIANGLE TRUST
CHAIRMAN’S STATEMENT
FOR THE YEAR ENDED5 APRIL 2025
eee
Events
Finance
Day to day running costs remained greater than the amount raised by donations and fees and the income generated by the Friends of the Weavers’ Triangle. Fortunately reserves held from previous Business Support Grants covered regular on-going costs and enabled further improvements to be carried out. In addition, the Trust received a very considerable bequest from our late Chairman, Mr Brian Hall. This has enabled additional work to be completed on the fabric and interior of the Trusts premises, as well as providing financial security for the foreseeable future
Personnel
Due to increased family commitments, Mrs Theresa Livingstone resigned as Secretary of the Trust and was replaced by Mr Philip Creegan. Mrs Livingstone remains a Director of the Trust and we would like to thank her for the considerable amount of work that she did for the trust whilst Secretary.
;
Dr. John Livingstone
Chairman
9/7/2025
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WEAVERS’ TRIANGLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2025
Company status
The company is limited by guarantee and has no share capital.
Results
The results for the year are shown in the statement of financial activities on page 5.
Review of the Trustees’ business
The principal activity during the year was the advancement of education of the public. A full review of the Trust's activities is included in the Chairman's Statement on pages 2 and 3.
Directors
The directors, all of whom are members of the company, who served during the year, are shown below.
Dr J. Livingstone (Chairman) Mr Philip Creegan (Secretary) Mrs T. Livingstone Mr.P Robinson (Treasurer) Mr.P Martland
Mr.D. P. Morrisroe
Trustees' responsibilities for the financial statements
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the Trustees are required to:
® select suitable accounting policies and then apply them consistently s make judgements and estimates that are reasonable and prudent a prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the Board
Philip Robinson Treasurer
9/7/2025
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WEAVERS’ TRIANGLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
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|---|---|---|---|---|---|
|General|funds|
|£|2023-24|
|Note|2024-25|Total|
|Income and|expenditure|
|Incoming|resources|
|Donations|426.00|479.25|
|Grants &|Bequests|240,000.00|3,500.00|
|Tours &|Miscellaneous|74.53|1,249.40|
|Corporate|Supporters|660.00|
|240,500.53|5,888.65|
|Resources|expended|
|Direct|charitable|expenditure|31131.40|4,998.95|
|Other|expenditure|2|1,162.99|194.00|
|5,192.95|5,192.95|
|Net|surplus/(deficit)|235,307.58|695.00|
|Fund|balances|brought|forward|22,547.53|21,851.93|
|Fund balances|carried forward|230,754.55|_ 22,547.53|
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There are no recognised gains or losses other than the surplus for the financial period.
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WEAVERS’ TRIANGLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025
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2024-25 2023-24
£ £
Current assets
Cash at bank 230,754.55 22,547.53
aS 2
Financed by:
Income funds
Restricted funds 0.00 00.00
Unrestricted funds 230,754.55 _ 22.547.53
230,754.55 22,547.53
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The Trustees confirm that:
-
i For the year ending 5 April 2025 the company was entitled to the exemption from audit under section 477 of the Companies Act 2006.
-
ii The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
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iii The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
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iv These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board 9/7/2025
Dr.J. Livingstone
Chairman
The accompanying accounting policies and notes form an integral part of these financial statements.
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1 ACCOUNTING POLICIES
WEAVERS’ TRIANGLE TRUST
ACCOUNTING POLICIES AND NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
Oe IE ELI ITE
BASIS OF PREPARATION
The financial statements have been prepared in accordance with applicable accounting standards and follow the recommendations in the Statement of Recommended Practice: Accounting by Charities (the SORP) issued in October 1995. They have been prepared under the historical cost convention.
The principal accounting policies of the company are set out below and remain unchanged from the previous year.
INCOME
Donations and gifts
All monetary donations and gifts are included in full in the statement of financial activities when receivable, provided that there are no donor-imposed restrictions as to the timing of the related expenditure, in which case recognition is deferred until the pre-condition has been met.
Legacies to which the charity is entitled are included in the statement of financial activities unless they are incapable of measurement.
Gifts-in-kind are accounted for at the trustees’ estimate of value to the charity or sale value as follows:
- « assets received for distribution by the charity are recognised only when distributed 2 assets received for resale are recognised, where practicable, when receivable or otherwise when sold . gifts of fixed assets for charity use or funds for acquiring fixed assets for charity use are accounted for (as restricted funds) immediately on receipt.
Grants receivable
Revenue grants are credited as incoming resources when they are receivable provided conditions for receipt have been complied with, unless they relate to a specified future period, in which case they are deferred.
Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable.
Investment income
Investment income is recognised when receivable.
EXPENDITURE
Expenditure, which is charged on an accruals basis, is allocated between: " expenditure incurred directly to the fulfilment of the charity's objectives (direct charitable); a expenditure incurred directly in the effort to raise voluntary contributions (fund-raising and publicity);
The accompanying accounting policies and notes form an integral part of these financial statements.
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