Corry)any Number 2844791 (Engnd and Wales) Registered Charty Number 1047187 UEEN STREET SCHOOL PRESERVATION TRUST AC¢x Ilmlled uardniee nan¢ial Stat•mfrnts For the ear ended . 31A ust 2020 *L45fW15144 2W0512021 COMPANIES HOLISE A22
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UEEN STREET SCHOOL PRESERVATION TRUST Financial statements for the ear ended 31 Au ust 20 CONTENTS PAGE Company Inf0mtion Independent Examiners Report TNstees' Report 3to6 Income and Expendrture Account Stslement of Financial Activities 8alance Sheet Notes to the Financial Statements 10t015
UEEN STREET SCHOOL PRESERVATION TRUST Com an information for the ear ended 31 Au ust 2020 Queen Street School Preserrfation Tntst Charil Numbef 1047187 Com islrab.on Num 2844791 Trustees John French Carol Thornl Louise Harper John Walker Susan Webster Giaham Cannon James Emerson Jill Simpson Garry Stanley Phil Bradley Secreta Carol Thomton Princi re Wilderspin National School Queen Street Barton upon Humbef North Lincolnshire ON18 5QP islered Offi Queen Street Barton upon Humber North Lincolnshire DN18 5QP en ent min Miss J Camm BA FCA RNS Chartered Accountants 41 High stet Barton upon Humber North Lincolnshire DN18 5PD
UEEN STREET SCHOOL PRESERVATION TR ST Inde endent Examiner's Re rt to the Trustees f umn Street Sch I P rvallon Trnt I report to the charity trustees on rny examination of the accounts of the company for the year ended 31 August 2020 which a set out on page$ 7 to 15. onsibilities and basis of re As the charity trustees of the company land also its directors for the purpose5 of company law) you are responsible for the preparation of the a¢Unts in accordance with the requirements of the Companies Aet 20C6 {'the 20C6 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 20Cfj A¢t and are eligible for independent examinats"on, l POrt in Spect of my examination of your companls accounts as carrd out under section 145 of the Chanties Act 2011 I'lhe 2011 Act'}. In carying out my examination I have flOwed the DireclK)ns given by the Charity Commissh)n under se¢lion 14515llbl of the 2011 Act. minèrfs statèment I have completed my examinatson. I confimi that no matters have come to my attenth in nneCtIon with the examination giving me cause to believe that in any material respect. accounting records were not kept in respect of the company as reqUId by section 386 of the Companies Act 20(. or the accounts do not accord with those record.. or the accounts do not comply wilh the accounting requirements of section 396 of the Companies Act 2006 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.. or the accounts have not been prepared in accordanee with the methods and principles of the Statement of Recommended Practice." Accountsng and RekX)rts"ng by Charities appluble io charities pparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connects'on with the examination lo which 8tteftln should be drawn in this rewrt in ordef to enable a proper understsndin9 of the accounts lo be reached. Miss J Camm BA FCA RNS Chartered Accountan 41 High Street Barton upon Humkr North Lincolnshire DN18 5PD 21
UEEN STREET SCHOOL PRESERVATION TRUST Re of the Trustees for the ear ended 31 Au ust 2020 The Trustees present their rewrt and financial slatements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charitr"es" IFRS 102> in preparing the annual report and financial statements of the charty. Objacllves and princlpal acllvlties Queen Street School Poservation Trust is a Registered Charity. the objectives of whth are.. To acquire. preseNe and maintain the old sthool and other buiklings in the Queen Street area. and to carry out repairs. alteratKJns. maintenance and construth.on on the same in order lo create an educational, heritage and cnmffnty Centre for the benefit of the peop of Barton. visitors, schools and educabonal historians. To continue to preserve and maintain and to manage the satd cLntre. To acquire and maintain for Ihe advancement of educats'on a museum comprising a collection of artefacts for display and study purposes on the subject of the history of primary education with particular reference to Samuel Inknlderspin and his role in it. The principal activty of the company the preSerVan of the Queen Streel School {known now as Wlderspin National S¢hwll for the benefit of the inhabrtants of Barton upon Humber. Trustees The Trustee$ who seNed during the year and since the year end were as'folknvs". John French Carol Thomton Louise Harper John Walker Graham Cannon Jean Cannon James Err$On Phil Bradley Jill Simpson Garry Stanley The members of the Board of Trustees are ected at ihe Annual General MeetirwJ by the members of the charity. and usualty serve for a three year temi. The company limited by guarantee therefore none of the trustees have an interest in share capital.
UEEN STREET SCHOOL PRESERVATION TRUST ort of the Trustees for the ear ended 31 Au ust 2020 continued Slatement ol the Trustees, responslbllllles The Iru5tees (who are a19) directors of Ihe charity for the purposes of company LYl are responsibbe for preparing the Trustees, Annual Report and Ihe financial statements in accordance wrth applicable law and United Kingdom A¢¢ountMig Stsndards (Unrted kn'ngdom Generalty Accepted Accounting pract). Company law requires the trustees to prepare financial statements k)r eath financial year. which give true and fair view of the state of affairs of the Charitab company and of the incoming resources and application of resources, including the income and expenditure. of the Charttable company for that period. In preparing these financial ststements, tr trustees are required to.. select suitsble )unting policies and then apply them consistenty.. observe the methods and prinuples in the Charities SORP 2015 {FRS1021,' make judgements and estimates that are reasonab and pruden( slate whether applicable UK Accounling Standards have been folknved, subject to any rnaterial departures disdosed and explained in the financ1 statements., prepare the financial 51atements on the going ¢on¢em basis unless it is inappropriate lo pSUme that the company will continue to operate. The Iruslees a responsiWe for keeping adequate accountsng records that disclose wrth reasonable accuracy at any lime the finanual p)srtion of the charitable company and enable them to ensure that the finanual statements comply wth the Companies A¢t 2¢)06. They are also responsible for safeguarding the assets of the charitsble company and hence tang reasonable Steps fy the preventson and detection of fraud and other irregularitEs. In so frdr as the trustees are aware". there is no rethnt audil inf0mli0n of whh the charitsble company's auditor is unaware.. and. the Iruslees have taken all steps that they ought to have taken to make themselve$ alvare of any relevant audit information and lo establTrsh that the auditor bs aware of that infom)ation Corporate stalus The company was irKorporated as a private Company limited by guarantee without share captsl. Organls•tion As referred to above, the company is managed by the trKJard of Trustees wfih is elected at the Annual General Meeting. The company delegates responsibility for the day to day running of charitable matters to the Development OffKer. via the Council of Managen*nt and Finance. Finan¢ial Review The Statement of Financial Activrties ISOFA) shows that at the end of the financial year we had posilNe reserves to carry forward of £516.334, compared with positive reserves of £482,257 at 31 August 2019. The Trustees are continuing fundraing activities, and irthme from rents organised school and other visits are increasing. We are confident therefofe that our actNities are sustainable and that we are on Course to increase the surplus on unre5tn.cted reserves. The Trustees consider il prudent that unrestricted reseTres should be sufficient to cover at least one yearfs operating costs.
UEEN STREET SCHOOL PRESERVATION TRUST Re ort of the Trustees for the ear ended 31 A ust 2020 contlnued Achievements and p•rfomMn¢• Covid 19 has affec our a¢tivilies during 2019-20. Total Museum visitors and coffee shop custowrs: 12.247. comprEin9: Museum only {1,350) Museum events13,4511 Museum school visits1970) Old School Canteen Coffee shop16,476) Additional facilty hire users.. 6.085 Total visitor5 and users: 18.332 It is difficult to separate out entsrety the Joseph vth.ght Hall as it is used for our events and sthool visits included in the Wilderspin figu$ but there We 5,452 users in totsl. Frfty-six leaming sessions were delivered to visiti'ng sch¢JJ groups betrn September 2019 and March 2020 before all education acb"vilies ceased due the epidemt. This was about half our usual delivery. We experimented wth outreath delNery and COVKI-Ure activities on srte in the 5urnr. All s¢hool visits have been.Suspend until the autumn of 2021. Events are an important part of the Trust's contribution to communty life as well as a signiffcant income stream. The Trust once again was a key partner in the of delNery of another Herilage Open Days festival. ts"n¢olnshire's theme focussed party on Leaming which gave a helpful spodight on Wlder5pin'$ contribution to education in Barton and across Britain. The Museum hosled an exhibits'on by Barton Civic Society, and once again prcwJuced a Music Hall Show in the Joseph wn.ghl Hall. Over SOO adults and children enjoyed a second public opening of air raid sheller at Appgate House. (Kganised by the Museum's educatKJn team. 2020 began with arther highty successfvl Steampunk festival attracting hundreds of people to the town. It was, h¢)wever. the last public event we were able to host until all operations aSed due lo the Covid Lockdown which began on 23 March. The Joseph Wright Hall 1$ a core asset used for the delrvery of our events and leaming programmes as well as community aCtiviS and arts, including our contribution towards the Barton Christmas Festival. The resident Wlderspin Art Group hosted Old Masters - Remasteredl _ an exhibition of ffembers, renditions of famous paintings. There were monthty arl crafts and pnnbng workshops for young people run by Pins and Needles, and a Christmas pantomime woduced by resident drama group South Bank Players. The main emphasis of refvfbishment plans for ihe Joseph VthJht Hall cor)centraled on devekping detailed plans and drawngs, and exploring funding options. A number of thal architects were contscled to see if they were able lo assist with detsiled pL4nning of discrete elements of the project fvrther lo the feasibilty scheme devised by Pearce Bottomley Architts. RIS Davy As5(xiates were selected, and have begun lo help the Trust. Gifted Philanlhropy (Gffted) was appointed by the Trust in October to conduct a Feasibilty Study. The aim was to test the polenlkql of raising as much as £1.5 million over three years and develop an Actr"on Plan for the forniuL3lM)n of a fundraising strategy for any subsequent campaign. The main t¥xly of the Study was conducted through a series of private and confidential interviews with a range of people representing many different parties often wrth an interest. vested or otherwise, in the Trust and its operatson. These included user groups. Irxal people and funders from auoss the region. Intervws tk place during Deeember 2019 to February 2020. The Study Rewrt was published in March 2020. Implementst#)n was delayed until the autumn ¢Jue lo CovK119. Our work continues to rety on over 40 volunteets who help run the Museum, $upport our events an¢J premises hire. and work behind the scenes in working group$ and committees. Small teams work on dis¢rete projects including gardening, collectn5 care and exhib'tion projects such as our"Christmas exhibition based on classi¢ children's books. Once Upon a Time. UEEN STREET SCHOOL PRESERVATION TRUST
UEEN STREET SCHOOL PRESERVATION TRUST Re es for the ear ended 31 Au The Museum was closed for several mnths with IMmedte effect from 22 March under govemment ins1rL10n due to the Covid 19 epMJemic. Staff and volunteers. vtho coukl Wofked from home. All site work ceased. Limited reopening was pennrtted from June. The Old School Canteen coffee shop reopèned on 4 Juty. Space was ¢ated wrthin the Museum by allocabng display space and the Ideispin Playground Garden lo wovide safe, socially distanced seating. The Museum was reopened on 1 August with enhanced cleansing. a onway system and modffd displays. Coordination of the Trus¥5 busine55 LS Condted by the Counal of Management. During the Lockdown the Council's functions were delegated to the Finance & General Purposes Committee. The Premises Committee oversees the funcb"oning arKI maintenance of the bu11n95, and has a Worknng Paty who do the practscal work. There is a workn.ng group uSSed on refurbbshment and lunding plans for refurbishment of the Joseph wn.ght Hall. Most management meetings were affected by Covid 19 reStrtIons. Some We able to tske place once outskde or with distancing measures in place. Limited use was made of digital aPplutnS such as Zoom. Part tsme staff consisted of a Deveb)pment Officer 10.4ftel and Administration Assistant {0.3ftel and Caretaker I Cleaner10.3fte}. The Trust has received govemment and Iwal authorty financial support to a5$1St it ¢ope with the impact of the virus and loss of revenue. This has included the cost of furloughing slaff while Ihe Museum has been closed. Arts Council England provpaed the Trust with £22.4c lo help offset losses due to closure. and a further £2.700 to arts group5 and provthr5 who use the Trusys premise5 to deliver their activrties. The Chair continues to be most appreciative of the considerable efforts of all the volunteers, both visible and Invisie. Alm8 for the future During 2020-21 the Trustee5 aim to fvrther im{Ve the financial posth.on of the Trust, building up unrestricted reserves lo increase suslainability still ftjrther arKI help it re¢over from the COV 19 enforced closures. The Trusl will continue to actively seek addrtbonal grant funding to finance the development of the Museum and Joseph Wright Hall, induding the a redisplay of the Museum and access improvements in the Hall. The Trust wll work with North Lincolnshire Council with its plans to create a heritage partnership for the town. A part-tsme Business & &"te Manager will be recruited in readiness for retirement of the Development Officer. Statsment for public nOfft test for ¢hariti In setting our objectives and planning our xtNbts"es the tnjstees have gNen careful consideration to the charity commission general guidance on publ benefiL Small companie5 provisions The report of the trustees has been wepared l*ing advantwje of the small companies exernpti¢ of sect¢on 415A of the Companies Act 2006. By order of the Board John Iker ChaiMn - 2021
UEEN STREET SCHOOL PRESERVATION TRUST Income and ex endlture account Year ended 31 Au ust 2020 2020 2019 Income 97,275 50,604 Investment Income 18 10 Gross incomo 97.293 50.614 Expenditure 63.216 49.969 Not Income 34,077 645 The income and expenditure account has l)een prepared on the basis that all operations are continuing operats"ons.
UEEN STREET SCHOOL PRESERVATION TRUST Statement of Financial Activities or th? ear ended 31 Au ust 2020 Unreslrkted Re8trlcted Note Funds Funds Total Total 2019 Income from: Donations Gift Aid Claims Charitable activities Other tradikng ath'vities Investment income Govemrrent grant 16.171 3,085 2 24,300 3 28,754 18 25,01)0 16,171 3,085 24.300 28.754 18 25,000 6,669 1.429 1.198 41.308 10 Tolal income 97.293 97.293 50.614 Expgnditure on: Charitable activities Govemance costs 4 52.102 5 11.114 52.102 11.114 47,225 2,774 Total •xp•nditur• 63.216 63.216 49,969 Net Incom¢ 13 34.077 34.077 Total fund5 brought fomard 13 12,2S7 470.ODJ 482,2S7 481,612 Totsl funds ¢arTl¢d forward 13 46.334 470.lx 516,334 482.257
UE N STREET SCHOOL PRE Com Number 2844791 Balance sheet Asat31Au ust 2020 ERVATION TRUST Total 2020 Total 2020 Flxed assets Tangible assets 10 560.000 560.000 Stocks 2.036 2.565 Debtors 11 635 4,322 Cash at bank and in hand 52.024 8,863 Total ¢urr•nt assets 54,695 15,750 Creditors... AnKfyunts falling due v•ithin one year 12 8.361 3.493 Net curront as$•ts 46.334 12,257 Total assets less current liabilrties 606.334 572,257 Credltorn.. AnThints falling due rrore than one yew 10 90.000 90,000 et assets 516.334 482,257 Funds of the cha Unwtricted fund 13 46.334 12.257 Restricted income funds 13 470.CiIO 470.000 516,334 482,257 For the year ended 31 August 2020 the company was entrtled to exemption from audrt under section 477 of the Companies Act 2006 relating lo small companie$. Directors, reswnsibilrties.. the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. • the directors xknowled9e their responsibilrties for comptying with the requirements of the A¢t with respect to accounting records and the preparation of accounts." These finanaal statements have been wepared in accordan wrth the special provisions relating to companies subjxt to the small companw fegiff* within Part 15 of the Companies Act 2006. The financi at were apwoved by the Board on 2021. ..John INalker. Chaimian
io UEEN STREET SCHOOL PRESERVATION TRUST Notes to the flnanclal statements Year ended 31 Au usl 2020 1 Sumffla ofs nificant accountin licies lal G•n¢r•l infonnation and basis of pr¢paratlon Queen Street School PreservatK)n Trust a private Company limiied by guarantee in¢oip)rated in England. In the event of the charrty being wound up, the liabilty in resFecl of the guarantee is limited to £1 per member of the thanty. The address of the regtstered office is given in the charity information on page 1 of these financial statements. The nature of the chanty's operations and principal activities are descrthd on page 3. The charity constitutes a putAic benefft entty as defined by FRS 102. The financsal statements have been prepared in accordance wrth Accounting and Reporb"ng by Charrties.. Staternent of Recomrnended Practice applicable to charibes preparing their accounts in aceordance with the Finan¢ial Reporting Standard applieable in the UK and Republ of Ireland (FRS 102) issued on 16 Juty 2014 las updated through Update Bulletin 1 puuished on 2 February 2016). the Financial Reporting Standard applicable in the United Kingdom and Republ of Ireland {FRS 102). the Charrties Act 2011. the Compans Acl 20C6 and UK Gewally Accepted Accounling Practi. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash fk)w sLqtennl on the grounds that it Ès applying FRS 102 Section 1A. The financial StatenIS are prepared on a gojng concem basis under the histori¢al ¢ost convents'on. modified lo include certain items al fair value. The finanaal ststements are presented in sterling which is the functional currency of the chanty and roun¢Jed to the nearest £. The significant accounts'ng pclKies applied the preparatron of these financial statements are set out below. These policEs have been consistentty applied to all years presented unless othepwise staled. {b} Incom• rncognilion Grants received of a revenue natu are Credited to Incoming Resour in the Ststement of Financial Activities when the Mpafty bs alty enlrtled to the income and the amount can be quantified with reasonable accuraGy. SefVt¢es pro¥e, investment in¢ome and rents a a¢¢ounted for on the accnjals basis. Other income is accounted for when"received. All income is shown gross with associated costs included in expenditure. Grants received to fund the purchase of fixed assets are credrted to the Statement of Financial Aclivilies when the company is legalty entr1 to the COrne. The related expendrture is charged to Fixed Assets in the Balance Sheet. (c) Expendfture recognition All expendrture is aectsJnted for on an 2ecruaL8 tAsis and has been classified under headings that aggregate costs related to the category. Wffiere ct)sts cannot be directly attributed to particular headings they have been allocated to activit5 on a basis consistent with the use of resources. {d) Tangibl• fixed ass•ts and d•pr•¢ialion Tangible fixed assets a staled al cost less depreciation. DePrli0n is provided at rates alculated to write off the c05t kss ests"mated resKlual value of each asset over its expected useful Long temi leasehold knd and buikjings are shMI at open market value".
UEEN STREET SCHOOL PRESERVATION TRUST 14otes to the financial statemen Year endgd 31 Au ust 2020 le) Funds Restricted funds are fuTrJs ¥thh are to be used in accordance with Spear restrictions imposed on donors. Restricted fvnds are a¢Unted for separatety from each other and from the Core fvnding of the company. General funds are unrestricted funds whKh are available for use at the discretion of the trustees in the fiJrtheran of the general objectives of the ¢harity and which have not been designated for other purpjses. 2 Incom• from charilable activities ToLg1 2020 Total 2019 Funds Other grants Arts Council Grant 1.198 24.300 24.300 24,300 24,3CIJ 1,198 3, Income from other tradln Unrestricted Funds Tolal 2020 Tolal 2019 Shop sales Refreshments School visits Group.visits Even Garden Second hand books Sweets Guides Bric a Brac Sundry incon Catenng and Confenng Lottery Club Edu¢alion Rent and facility hire Bar Sponsorship 1.424 1.424 3.399 6.224 6,224 10,324 616 5.075 331 5.911 90 139 147 5.911 139 147 291 409 55 417 481 465 10 212 240 712 12,577 1.032 (301 10 212 240 712 12,577 1,032 {301 17.488 1.415 210 28.754 28,754 41,308
12 UEEN STREET SCHOOL PRESERVATION TR Notes to the financial statements Year ended 31 Au ust 2020 ST 4 Ex ndllure on charitable activitses ric Funds Total 2019 Funds 2020 Conferencing Salaries Pension contributÉons Shop stock Refreshments Events Equipment and materials TephOne and postage Electricity, gas and water Business rates Security Markeling Education and outreach Miscellaneous Insurance Consumables Premises repairs and maintenan Printing and stationery Bar Travel expenses COMD support payments 151 12.802 255 2.193 434 1.718 290 1,098 7.881 ' 4,210 2,171 1.085 1,688 1,681 2.918 14,324 236 922 14.324 236 922 1.047 1.292 926 8.998 4.070 2.089 272 1,631 1,522 3.524 561 4.125 1,469 1,047 1,292 926 8,998 4,070 2.089 272 1,631 1.522 3,$24 4,125 1.469 398 4,330 914 321 449 4.600 52.102 52.102 47.225 Unrestricted Fundg 2020 2019 S Govemance c Trustees. insurance Accountsncy Bank charges Legal fees 224 1.182 224 1,182 60 9,648 224 1,686 80 754 9.648 11.114 11.114 2.744 6 Staff ¢08ts and numbern 2020 2019 Wage$ and salaries Pension costs 14,324 236 12.802 255 No employee recer¥ed errK>lumenis of rrnre than £60.0Th). The average number ofemployees during the year vrds 2 (2019- 2).
13 UEEN STREET SCHOOL PRESERVATION TRUST '. Notes to the financlal stalements Year ended 31 Au ust 2020 7 0 eratin su lus The operating surplus is after charging.. 2020 2019 Independent eXaMelS fee 570 570 6 Intern•t r•¢•iv¥ble and similar Income 2020 2019 Bank interest 18 10 9 Taxatlon As a chanty the company is exernw from Corporation Tax. 10 Tan ible fixed ass 2020 Lea•ehold Land and Buildings Value at 1 Septembef 2019 and 31 August 2020 .000 560,CK)O North Lincolnshire Councd HnS the freehok1 of the land on which the School starKls. The Authonty 9ranted a 50 year lease to Ihe Twst, rent free. The is an option to purthase the freehold for £1. whi¢tt the Charity is considering. The buildings themselves belong to the Queen Sireel Sthool Preservation TrusL The precise cost of bringing Ihe buildings io their present condilion was £1.765.180. Such costs were not cataliSed as fixed assets in the Balance Sheet as there was considerable doubl as to whether the costs incurred represented the true value of the land and buiklings. The Trustees scHJght an extemal valuatton in 2012 whth gave a value of £470.¢XM) which was recogniseA in the accounts. In 2015 the Trust acquired the Ciladel nexi door to the Schtsjl from The Salvation Amiy with a loan from North Lincolnshi Council for £,000. An agreettnt was made to paY the purchase monw to the Council once the building is refurbished and fulty operath)nal as a Community Arts Theatre.
14 UEEN STREET SCHOOL PRESERVATION TRUST Notes to the financial statements Year ended 31 Au ust 2020 11 D•btors 2020 2019 Debtors Prepayments and aed in 2.263 2,059 4,322 12 Creditorn: Amounts fallin duew 2020 2019 Toje ¢redrtors Accruals and deferred income Other creditors 2,787 574 S,CN)O 2,379 1,114 8,361 3,493
1.::.1-.*';41,1 15 UEEN STREET SCHOOL PRESERVATION TRUST Notes lo the financial statements 1Au ust 2020 13 Accumulated funds Reslricted Funds Fund Total As al 1 September 2019 12,257 470,000 482,257 Surplus for the year 34.077 34,077 As at 31 August 2020 46,334 470,000 516,334 Unrestricied funds are those which can be spent on any xtivity within the charty's overall obiectsves. The reStrted capital fund are those funds raised for capital spending speufically the renovation and r8storakn.on of the ¢Yd school buikling and outbuiklings. 14 Ana Isof n funds Unrestricted Funds tricted Tangible fixed assets CuNenl assets Current liabilities Long term liabilits"8s 560,000 54,695 18.361) {90.000) 54.695 (8,361) (90.000) 46.334 470.CO) 516.334 15 Trustees, remunerallon No remuneration or expenses directty or indirecty out of the funds of the company was paid or Payab for the year io any trustee or to any person or r$OnS known to be connected wsth any of them.